Free Republic

Joe Biden is about to sign an executive order that will declare a “climate emergency,” granting the executive sweeping new powers to enforce rations, lockdowns and other tyrannical measures in order to “save the planet” from “global warming,” according to a United Nations (UN) insider who has been working with the Democrat president.

The global debt market is orders of magnitude larger than the stock market, and debt instruments across the globe have nearly reached the breaking point due to the Fed’s steady increase in interest rates this year (combined with seemingly endless money printing and other disastrous fiscal policies). Because bond values have an inverse relationship with interest rates, as interest rates go up, the value of bonds and other debt instruments already issued goes down. With each Fed rate increase, bond values are cratering, leaving debt investors holding substantial losses and leading to a collapse in the number of potential buyers...

California on Thursday is expected to put into effect its sweeping plan to prohibit the sale of new gasoline-powered cars by 2035, a groundbreaking move that could have major effects on the effort to fight climate change and accelerate a global transition toward electric vehicles. “This is huge,” said Margo Oge, an electric vehicles expert who headed the Environmental Protection Agency’s transportation emissions program under Presidents Bill Clinton, George W. Bush, and Barack Obama. “California will now be the only government in the world that mandates zero-emission vehicles. It is unique.” The rule, issued by the California Air Resources Board,...