Stefan Gleason Blog | Biden’s ‘Green Reset’ Could Be Great For Silver | Talkmarkets
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Gleason is president of Money Metals Exchange, a national precious metals investment company and news service with over 450,000 readers, 35,000 paid customers, and $120 million in annual sales. He launched the company while president of a national newsletter publishing ... more

Biden’s ‘Green Reset’ Could Be Great For Silver

Date: Thursday, April 22, 2021 10:04 PM EDT

By Stefan Gleason, Money Metals Exchange

 

As top officials around the world convene this week for a “climate summit,” President Joe Biden’s administration is planning the most radical expansion of government’s role in the economy since FDR’s New Deal.

The objective is nothing short of transitioning the entire U.S. and world economy to “clean energy” – as determined and directed by central planners.

Vice President Kamala Harris vowed, “We are not going to take it slow. We are not going to take it one step at a time. We are going to take one giant leap.”

First it was a Green New Deal, then it was a Great Reset. Now, apparently, it is a Giant Leap.

Green Reset ButtonOr, as the United Nations put it in an article published last December (“Green Reset: The Case for Greening the COVID-19 Recovery through Cities”), it is a Green Reset.

On Wednesday, Treasury Secretary Janet Yellen delivered remarks to the Institute of International Finance calling for a radical restructuring of the whole U.S. economy.

“President Biden has outlined an ambitious strategy to transition the United States to net-zero emissions and has mobilized the entire government to achieve it,” Yellen said. “At Treasury, our goal is to take this ‘whole-of-government’ approach and turn it into a ‘whole-of-economy’ approach.”

During the election campaign, Joe Biden had insisted he didn’t support the Green New Deal as dreamed up by socialist Rep. Alexandria Ocasio-Cortez. But now his administration is working to implement it on a slightly scaled-down basis.

But Biden is now pledging to cut U.S. greenhouse emissions 50% by 2030 and achieve “net zero” carbon output by 2035.

That would entail a massive annual reduction in conventional energy usage and massive government-directed reallocation of resources. Meanwhile China, already the world’s biggest polluter, continues to busily add more coal-fired power plants to its grid.

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