Sunday, May 22, 2011

Think Global, Act Local, American Style

Via Christian P., the free-market solution to climate change:


Picture's from Vicksburg, Mississippi. The only thing that would make it better, is if there were a golf course in there.

65 comments:

  1. you can play golf in that "lawn" ...

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  2. HA! You got dat right.

    Here's a whole photoshow of 9 home made levees.
    http://www.npr.org/blogs/pictureshow/2011/05/20/136495797/photos-come-high-water-homemade-levees-may-save-the-day

    Aaaaand we hung you onto today's Ladder
    http://noladder.blogspot.com/2011/05/get-storm-supplies-tax-free-saturday.html

    Thanks yous,
    Editilla

    ReplyDelete
  3. It’s scientifically untenable to link the stochastic noise of a single Mississippi flood to global warming, as you ought to know. Instead of sneering at a farmer for trying to save his home—no, not his golf course—you might try considering the grave responsibility of left-green romantics for impeding progress on the climate front. Take your source, Christian Parenti. In his alarmist reporting on nuclear power, Parenti has been doing his level best to block the one technology that might actually halt climate change. (See his anti-nuke articles in the Nation on Fukushima, nuclear economics, “Zombie Nukes,” the tritium leaks at the Vermont Yankee nuclear plant, etc.) While he’s peddling a sensationalized book about global warming, he’s also calling for the closure of CO2-emissions-free nuclear power plants, which will be replaced by natural gas plants that each pump millions of tons of carbon dioxide into the atmosphere every year. Thanks for that, Christian—and thanks, Josh, for taking such a thoughtless approach to the great problem of the 21st century.

    willboisvert@aol.com

    ReplyDelete
  4. @ W. Boisvert
    I think there are two problems with your reasonong:
    1) You take for granted that we cannot ever downsize our consumption of energy; for example, that we cannot use much slower but much less consuming cars, or even bikes.
    2) More importantly: you take for granted that, if we use nuclear energy, we can do without gas plants or other "worse" sources of energy; but in facts as long as there are no economic limits to the increase of the energy used (as in all energy becoming very expensive) all incentives are to increase the total consumption, so that we'll end to use BOTH nuclear plants and gas plants (and coal and oil etc.).

    ReplyDelete
  5. It’s scientifically untenable to link the stochastic noise of a single Mississippi flood to global warming

    Come now. It is literally true that we can't attribute a given flood to carbon emissions, but only in the same sense that we can't attribute a given case of lung cancer to smoking. What we do know is that global warming will lead to an increase in a variety of extreme weather events, including floods. And even if you could show that the frequency of Mississippi floods was not increased at all by global warming, it would still be the case that the responses we see to this flood, are informative about the responses we can expect to the future floods that climate change certainly will cause.

    On nuclear power, it happens that I agree with you, and disagree with Christian -- as I've told him on various occasions. (Comrades do sometimes disagree.) But I don't see what that has to do with this post. We need to support all kinds of approaches to reducing carbon emissions, including both technological solutions like nuclear power as well as social and economic reforms to reduce our energy; consumption; and we need to support forms of adaptation to climate change that are more collective and egalitarian than the build-your-own-damn-levee default of American capitalism. Because otherwise the adaptations to global warming may be even more destructive than the warming itself, as Tropic of Chaos powerfully shows.

    ReplyDelete
  6. Editilla-

    Thanks for the link.

    ReplyDelete
  7. @Random Lurker

    1) I’m certainly on board with conservation and efficiency, as long as we’re clear about what that requires. Compact fluorescents and Energy Star appliances won’t quite do it. Energy efficiency means just two things: no one drives cars and everyone lives in big apartment buildings instead of detached, heat-wasting houses. In essence, it means the Manhattanization of America: because Manhattanites live in apartment buildings in a city that’s dense enough to support walking and biking and subways, their carbon footprints are 75 percent smaller than the average American’s. I heartily endorse that socio-economic transformation. I’ve written on it, I live it, and I support a policy prescription for it: heavy and steadily increasing carbon taxes with a per-capita rebate.

    Unfortunately, the idea of conserving our way to sustainability won’t fly, because even Manhattanite efficiencies are not enough. America wastes a lot of energy, but poor countries don’t use nearly enough. Every ounce the developed world can conserve will be offset and then some by the desperate need for more power in Africa, Asia and Latin America. Add in population growth of three billion over the next fifty years, and there’s no getting around it: the world will use more energy in the future, not less. So even assuming the most severe conservation measures, the world will still need stupendous new supplies of clean energy. Then there’s the politics. I like Manhattanization, but most Americans despise the notion; they will die and kill and vote Republican to avoid it. (And not just heedless suburbanites; almost all greens believe that sustainability means living in a rural cabin and eating locally, even though that is the most wasteful, auto-dependent, land-squandering and environmentally destructive settlement pattern bar none.)

    2) There’s a lot of fissile energy in the world, and even more once we build utility-scale breeder reactors: orders of magnitude more energy than in our entire fossil fuel reserves. We can power the world for millenia on nukes.

    Voluntary austerity programs are simply not politically feasible. If austerity comes, it will come only after people have burned up every last ounce of fossil fuels. So to wean civilization off fossil fuels, we have to provide ample energy supplies from some other source. Nukes don’t demand austerity or civilizational upheaval or collective spiritual rebirth; they just plug into the existing power grid and churn out clean energy. By making sustainability palatable, they make it politically possible.

    Make no mistake: the world will eventually go nuclear. The only question is whether we do so before or after we’ve exhausted our fossil fuels and melted the ice caps.

    willboisvert@aol.com

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  8. @ Josh:

    Your lung cancer analogy is off-base. Climate science is simply not precise enough to tell how global warming will effect weather patterns. (Except that it will melt the cryosphere.) There’s no way to tell whether GW will increase or decrease rainfall in the Mississippi basin, or leave it exactly the same. For all we know, GW may have prevented floods that would otherwise have occurred. Also, your interpretation of the photo as an example of America’s sink-or-swim individualism is inapt. Misguided as some of its measures may be, the Mississippi flood-control system is one of the great achievements in collective problem-solving of the age. The response to the current flood has featured resolute, though agonizing, trade-offs between greater and lesser public goods, for example in the breaching of some levees to flood farmland so as to protect cities. Yes, the farmer is trying to save his home on his own, but he’s doing so within an overall context of individual sacrifice for the public good. If only this really were the way the world approached climate change in general.

    No, we should not pursue every conceivable approach to solving GW, only the effective ones. Since nuclear power generates far more clean energy per dollar spent than do wind and solar, we should defund wind and solar and use the money to build nukes, instead. To do otherwise would be irresponsible.

    Parenti, whose book you advertise in the post, goes beyond even that level of irresponsibility to the really shocking extent of calling for the shuttering of existing nuclear power plants. While you are blaming capitalism for the ravages of climate change, you might at least mention that it is not capitalists who are insisting that we abolish the largest source of clean energy on the planet, but left romantics like Parenti. To add to the irony, Parenti, in his misleading writings on the economics of nuclear power, (See “Nuclear Dead End: It’s the Economics, Stupid” The Nation, 4/18/2011) loves to cite Wall Street analysts on the alleged inability of nukes to compete in the free market. (An egregiously deceptive claim.) I haven’t read his book; the blurb says he manages to pin “the iconic death of one man” in Kenya on global warming, which is sensationalist nonsense. But however destructive the fallout from global warming will be, Parenti bears a heavy responsibility for enabling it.
    willboisvert@aol.com

    ReplyDelete
  9. Bill, I agree with almost everything in your second comment. In particular, I agree that solutions to climate change need to appeal to interests -- not just our common interest in a habitable planet, but people's concrete self-interest as it's defined under capitalism, in a job, in the forms of consumption that we rely on for status and self-worth, and firms' interest in profit.

    The one thing about nuclear power I would push back on is that it's not just a technological question. The pattern of costs in the industry -- with a potentially very large, but uncertain liability cost late in the plant's life -- is not very well suited to private investment. The government's risk-bearing capacity is far greater than even the biggest utility's, so it doesn't really make sense for the government to be passing the tail risks of nuclear to the private sector -- or in other words, the subsidy required to encourage private development of nukes is likely to be very large relative to the cost of direct public investment. So I think it's wrong to blame greens for the stalling-out of the nuclear industry. It is, rather, a political culture that prefers private to public investment, no matter how large the practical advantages of the latter -- which, come to think of it, is kind of the point the picture was making in the first place.

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  10. On your third comment, I think you are seriously underestimating the state of the art in climate science. In fact, we can say quite a bit about changes in rainfall associated with global warming, which are absolutely increasing seasonal flooding in some areas (and drought in others.) For instance, here is a recent paper in Nature that finds that attributes the observed increase in heavy precipitation events to the effects of global warming:

    Given that atmospheric water-holding capacity is expected to increase roughly exponentially with temperature—and that atmospheric water content is increasing in accord with this theoretical expectation, it has been suggested that human-influenced global warming may be partly responsible for increases in heavy precipitation. ... Here we show that human-induced increases in greenhouse gases have contributed to the observed intensification of heavy precipitation events found over approximately two-thirds of data-covered parts of Northern Hemisphere land areas.

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  11. seems like that would fill up like a fishbowl if it got rained on...

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  12. I am very interested in this debate because in Italy, where I live, we are going to have a referendum next month about allowing/not allowing the building of nuclear power plants in Italy.
    I was pro-nuclear but now I have big doubts for those 4 reasons:
    1) Nuclear power is likely cleaner than fossil fuels but is not completely clean
    2) When the Italian government tought it could build nuclear power plants it redirected subsidies from cleaner energy sources (such as solar) to nukes. I fail to see how nukes are better than solar.
    3) If nukes were going to substitute fossil fuels, this would be an obvious enviromental advantage, but as I said in my previous comment, and as highlighted by point 2, there is no sign that nuclear would substitute dirtyer energyes, only that it would add to them
    4) Many people here in Italy sustain that nuclear is by now, less efficient in economic terms than other power sources like solar and wind.
    I would really appreciate comments on the 4 points above.

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  13. @random lurker

    The points you raise are important ones, and I will try to address them in a few days when time permits.

    willboisvert@aol.com

    ReplyDelete
  14. On flood pictures:

    The Nature article you reference looks interesting. Perhaps I overstated the imponderability of rainfall patterns. I note again that the picture you ran is of a Mississippi river ruled by vast public flood-control projects. It only exemplifies the ascendancy of private over public investment if we view it without context and understanding.
    willboisvert@aol.com

    ReplyDelete
  15. @Josh:

    Re greens and nuclear finances:

    You’re right that public financint lowers nuclear capital costs, although you got the details wrong. Big, incalculable liability costs do not come late in the plant’s life. Late life-nuke costs—mainly decommissioning and long-term waste storage—are modest and readily calculable. They are costed into operating revenues via payments into a decomissioning fund and a 0.1 cent / kwh tax that used to go to Yucca Mountain before Reid shut that down. In fact, late in their lives, after construction costs have been paid off, nukes tend to be trouble-free cash cows unless hit by epic tsunamis.

    The large, uncertain liabilities come early in the plant’s life, before it starts operating. There are problems with cost over-runs, especially with first-of-a-kind builds, and construction delays that extend the time before the mountain of borrowed capital can begin to be repaid out of operating revenues, with huge interest costs accruing.Some of this problem is due to a chaotic regulatory regime that changes design specifications during construction.

    Greens are indeed to blame for some of the problem. Green lawsuits add to costs, and slow construction; green political opposition also prompts state and local officials to intervene to delay or halt the build (in one case, to close a brand new plant after it was finished). These construction delays and cost overruns,very much influenced by green opposition, are a main reason for the large risk premium demanded by private investors.

    Greens have also fought hard to block quasi-public financing models that could reduce the financial risk and cost of nuclear builds. They have opposed government loan guarantees for new builds, which cost the government nothing unless the operator goes bankrupt, and are insured by hefty fees paid upfront by companies. More seriously, they have very successfully fought the use by public utilities of Construction Work In Progress financing for nuclear reactors, which allows utilities to charge rate-payers for current construction costs and thus by-pass expensive private capital markets. In the nuclear-economics article I referenced above, Parenti gets in a disparaging dig at CWIP financing by falsely insinuating that it is a blank check for unlimited cost over-runs with no oversight.

    So while greens demand exorbitant public financing for the trickle of energy wind and solar produce, they militantly and successfully oppose less costly schemes of public investment in nukes. That’s on top of green political opposition that has succeeded in banning nuclear outright in Australia, Austria, now Germany and Switzerland, some U. S. states, etc.
    willboisvert@aol.com

    ReplyDelete
  16. @ Josh: re greens and nuclear financing

    The large, uncertain liabilities come early in the plant’s life, before it starts operating. There are problems with cost over-runs, especially with first-of-a-kind builds, and construction delays that extend the time before the mountain of borrowed capital can begin to be repaid out of operating revenues, with huge interest costs accruing. Some of this problem is due to a chaotic regulatory regime that changes design specifications during construction.

    Greens are indeed to blame for some of the problem. Green lawsuits add to costs, and slow construction; green political opposition also prompts state and local officials to intervene to delay or halt the build (in one case, to close a brand new plant after it was finished). These construction delays and cost overruns,very much influenced by green opposition, are a main reason for the large risk premium demanded by private investors.

    Greens have also fought hard to block quasi-public financing models that could reduce the financial risk and cost of nuclear builds. They have opposed government loan guarantees for new builds, which cost the government nothing unless the operator goes bankrupt, and are insured by hefty fees paid upfront by companies. More seriously, they have very successfully fought the use by public utilities of Construction Work In Progress financing for nuclear reactors, which allows utilities to charge rate-payers for current construction costs and thus by-pass expensive private capital markets. In the nuclear-economics article I referenced above, Parenti gets in a disparaging dig at CWIP financing by falsely insinuating that it is a blank check for unlimited cost over-runs with no oversight.

    So while greens demand exorbitant public financing for the trickle of energy wind and solar produce, they militantly and successfully oppose less costly schemes of public investment in nukes. That’s on top of green political opposition that has succeeded in banning nuclear outright in Australia, Austria, now Germany and Switzerland, some U. S. states, etc.

    ReplyDelete
  17. I wasn't proposing public financing, actually, but direct public ownership. And the liabilities I had in mind were the costs associated with catastrophic failure. The point about front-end costs is important, too, and indeed, the case for public ownership of utilities in general is quite strong. The possibility of very large costs at the end of the plant's life seems more unique to nuclear power, and makes the case for public ownership there even stronger.

    Also, while I agree with you that nuclear power looks much more likely than wind (and even more so than solar) to be able to replace a substantial fraction of fossil fuel energy, there are enough uncertainties on both sides (higher than expected costs for nuclear, lower than expected for solar and wind) to make it worthwhile to support both, IMO. To suggest that there is a hard tradeoff between expanded use of nuclear power and development of other non-carbon energy sources is just perverse.

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  18. Random Lurker,

    It seems clear that electricity demand is sufficiently price-inelastic that an increase in supply from nuclear would certainly reduce use of power from other sources.

    The other point I would make -- both in response to you and to WB's latest -- is that the specific form of subsidy matters. In particular, there is a strong case for public ownership of utilities in general and nuclear power in particular. The very long-lived capital, the difficulty of creating genuine competition, the structure of costs, and the strategic importance of power to other industries mean that regulated monopolies and public ownership are almost the only viable options. Liberalization, as we've seen over the past two decades, practically guarantees disinvestment, technological stagnation, and wildly fluctuating prices. I'm far from an expert, but I did happen to do some reading in this area for a project I was working on recently.

    For instance, Sterlacchini (2010) finds that R&D spending at private and privatized utilities has fallen by 60-70% since 1990, while R&D at public utilities has been roughly stable. Lonborg (2005) draws the same conclusion from a study of Danish utilities, finding that public ownership favors higher levels of investment and R&D. "The arguments [against public ownership] of the property rights theory have no relevance to the utility sectors in Denmark." Cambini and Rondi (2009) point out that it is very hard to devise a regulatory structure that encourages regulated-monopoly utilities to invest in efficiency; as for the supposed advantages of private ownership, they find that "although theory predicts that private ownership boosts investment incentives, we found no empirical evidence for this within the European energy industry." And Thomas (2010), looking specifically at nuclear power in the context of the liberalization and privatization of British utilities, points out that "nuclear facilities had to be excluded from the reforms because their risks and very high fixed capital meant that private investors were unwilling to operate them in a competitive market.

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  19. ... one implication being, again, that it isn't the mostly powerless greens who are the main obstacle to nuclear power. It's neoliberalism.

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  20. @ Josh:

    Potential catastrophic costs are not a significant element of high nuclear risk premiums in the United States. The Price-Anderson Act indemnifies nuclear plants against catastrophic costs above a $300 million insurance fund per plant and an additional $11 billion industry-wide self-insurance pool funded out of operating revenue. (These self-insurance pools have never been exhausted.) It’s the upfront costs that matter, and the potential competition from gas, (not renewables).

    You write:

    “To suggest that there is a hard tradeoff between expanded use of nuclear power and development of other non-carbon energy sources is just perverse.”

    Kindly tell that to Parenti. In his nuclear economics article he cites a study purporting to show precisely that, which further argues that we must therefore ban nuclear because it crowds out renewables by being cheaper. Also, your statement is politically naïve: The pot of money for non-carbon energy is a finite one, and it’s divvying up is inevitably viewed as a zero-sum game. Given the imperative to act now, it’s crucial to make hard-headed decisions about which technology gives the most clean energy for the least money.

    You don’t cite any cost figures to justify your uncertainty about which way to go. Here are two: Contracted price of electricity from the proposed Massachusetts Bay off-shore wind farm: 18 cents per kilowatt hour, subsidized. Although quadruple the going whole-sale price for juice, it was agreed to because of a Massachussets law requiring the purchase of renewable energy by utilities. Price of electricity offered this year by the Vermont Yankee nuclear power plant, which Parenti wants to shut down: 4.9 cents per kilowatt hour, unsubsidized. That last was rejected, even though it is below market rates, because the utilities assumed that, indeed, greens will succeed in shutting down Vermont Yankee, as Vermont’s governor, under green pressure, has vowed to do.
    willboisvert@aol.com

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  21. Nuclear is not sustainable on a long-term basis. It requires an in-ground fuel just as other fossils. Yes, you can use breeders or thorium reactors to extend the lifetime of nuclear energy, but there will hardly be a day where the sun doesn't exist or the wind stops blowing for good.

    Nuclear is only "renewable" on a shorter human timescale of a few hundred years at best. There are those of us who question the total replacement of one limited source of energy with another limited source of energy.

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  22. @ Tim:

    Your estimate of fissile reserves is a bit pessimistic. Current reserves of about 6 million tons of profitably extractable uranium will last 80 years at current levels of use; much more could be profitably mined at a higher uranium price. With Breeder technology, which turns the 99.3% of uranium that is non-fissile U238 into fissile Plutonium-239, we can increase fissile reserves by a factor of 60 or more. Assuming a 20-fold increase in reactors for a comprehensive nuclearization of the energy supply, that gives us about 300 years of power just from current "economically recoverable" uranium stocks. We could certainly get more uranium from currently unprofitable low-grade ores (uranium is just too cheap right now to make prospecting much worth it)and other sources like seawater, which contains 5 billion tons of uranium that is technically extractable, though at a high price. Then there's thorium, which is 3 times as abundant as uranium and can be used to fuel thorium breeders. (Breeder reactors still have some kinks, but working prototypes have been built, some at utility scale.)So it's realistic to project that fissile reserves can power civilization for thousands of years and probably much longer. But, yes, after that we'll have to go back to burning coal. (Unless we mine the asteroids....)

    The renewable dream of surfing unlimited diffuse power fields is wrong-headed. It takes money, material and more energy to reverse entropy and concentrate these diffuse power streams into usable forms of energy, especially if they are chaotically intermittent like the sun and the wind are. It is much cheaper and more efficient to scavenge the nuggets of concentrated energy that Nature has seeded throughout the universe. When, after eons, we exhaust local reserves, we will fly further afield to find them and so, like restless magpies, o'erspread the galaxy. As the sun darkens and the wind stills, we will be out there, searching.

    willboisvert@aol.com

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  29. David Benjamin ATM company is indeed a wonderful place to be. For the past 6 months i have been paying money to several companies just to get me a loaded card and all have scammed me of my money without any delivery. I was told by a friend who got her card in less than 4 days of her applying to contact davidbenjaminltd@outlook.com and lo and behold i was told to make a delivery payment and part payment for the card balance when i receive the card and must have tested it. Am proud to announce to any one in need of a genuine hacker who is tired of loosing money to rippers to contact : davidbenjaminltd@outlook.com and get you card without any story telling.

    ReplyDelete
  30. There is no pleasure in being poor, you have to be competittive change your financial status now with the help of the Blank ATM Card that has no trace or risk, it will give your life a meaning,withdraw up to $2500 daily,so you can be able to pay your billswith no need for a loan and provide for your family. This Blank ATM card is a programmed card that has the ability to break into any ATM machine in the world and rendering all CCTV useless when making withdrawal contact a reliable and dependable COMPANY today via email:
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  31. Do you need hackers for hire? Do you need to keep an eye on your spouse by gaining access to their emails? As a parent do you want to know what your kids do on a daily basis on social networks ( This includes facebook, twitter , instagram, whatsapp, WeChat and others to make sure they're not getting into trouble? Whatever it is, Ranging from Bank Jobs, Flipping cash, Criminal records, DMV, Taxes, Name it,he will get the job done.He's a professional hacker with 20 Years+ experience. Contact him at dragonhhacker@gmail.com ... Send an email and Its done. Its that easy, Daura referred you

    ReplyDelete
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  33. End your financial worries today: I want to use this medium to testify on how i was bless by DMH CYBER LINK,I lost my job that I almost gave up on fate to die but thank God for directing me to DMH CYBER LINK.I publish this message because DMH CYBER LINK made me feel blessed. It`s through friend I meet this honest and generous God fearing man who helped me get Rich, You needed financial help, You are stuck, No access to bank credit, or do not have the benefit of a bank, you need to finance your construction, real estate development, creating your own business up your personal business, you have seen and need to make money, a bad credit or need money to pay bills or debts. so I advise you out there to kindly contact . Email: dmhatmhacker@gmail.com or dmhatmhacker@hotmail.com Contact him for more information, be clear and honest.

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  35. I was intrigue when Mr Derrick sent me his Blank ATM Card. 2years ago i was needing some money to finance my business and pay my bills at my home and other things. i have gone through many companies trying to get help even bank but no way out. until i saw a blog comment of Juan Nate and when i saw his reviews i was Glad. so i contacted Dr Derrick on his email and after i did i told him about my present situation and that in a lot of debts and he wrote to me assuring me that once i have obtained his Blank ATM Card things will change for the better. after 4days i received and i began to use. following instructions given to withdraw with the ATM Blank Card. i was surprise with how much i withdraw within 6days. dear friends you too can be rich and be able to elevate your business by contact: Derricksecureblankatmhackers@gmail.com. and change your situation and life around for the better.

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    ReplyDelete
  37. We are Ireland based major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe.
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    ReplyDelete
  38. Hi Viewers Get your Blank ATM card that works in all ATM machines all over the world.. We have specially programmed ATM cards that can be used to hack ATM machines, the ATM cards can be used to withdraw at the ATM or swipe, at stores and POS. We sell this cards to all interested buyers worldwide, the card has a daily withdrawal limit of $5,000 on ATM and up to $10,000 spending limit in stores depending on the kind of card you order for, and also if you are in need of any other cyber hack services, we are here for you anytime, any day. Email:baezblankcard@aol.com I'm grateful to Mr Eric because he changed my story all of a sudden. The card works in all countries except, contact him now Email:baezblankcard@aol.com

    ReplyDelete

  39. We are Ireland based major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe.
    we always deliver on time and precision as Set forth in the agreement. You are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed, Our Terms and Conditions are reasonable.
    DESCRIPTION OF INSTRUMENTS:
    1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
    2. Total Face Value: 10M MIN to 50B MAX USD or Euro
    3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 .
    4. Age: One Year, One Day
    5. Leasing Price: 4+ 2%
    6. Sale Price: 32+2%
    7. Delivery by SWIFT .
    8. Payment: MT103-23
    9. Hard Copy: Bonded Courier within 7 banking days.
    If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
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    ReplyDelete
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    ReplyDelete
  42. We have offers such as BG via mt760, mt103 one way,mt103/202 CASH TRANSFER, LC via mt700, mt799, Euro Clear, Certified Bank Draft, Loan, Project Funding, Credit Card Loading, POS TERMINAL offline and online. We are ready to work with you depending the offers you are Interested on.We Want Reliable Client not time Wasters. We FINANCE PROJECTS, We also Monetize BG, SBLC. We are tested and trusted. There are oil blocks for sell in Nigeria.I also, have connection with NNPC incase you need Crude Oil.For further communication here is my Skype ID jamesclark0073, Email:jamesclark0007@gmail.com

    ReplyDelete
  43. Hello Everybody,
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    ReplyDelete
  44. Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us (urgentloan22@gmail.com)

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  45. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:{urgentloan22@gmail.com} Thank you.

    ReplyDelete
  46. Do you need a loan to clear your debts,for other financial purpose,then email Mr pero today via: peterpero60@gmail.com I got mine from them

    ReplyDelete
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    ReplyDelete
  48. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:{urgentloan22@gmail.com} Thank you.

    ReplyDelete
  49. Are you suffering financially or do you need an urgent cash to pay your bills? And you want to take the risk of transforming your own life. Try and get your ATM blank card today and be among the lucky one's who are benefiting from this card. This ATM card is set capable of hacking into any ATM machines anywhere in the world. I have to know about this blank ATM card when I was looking for work online about a month ago. It has really changed my life forever and now I can say I'm rich because I am a living testimony. The less money I get in a day with this card is €20,000. Even now and then keep pumping money into my account. Although the card is illegal but there is no risk of being caught. It is programmed in such a way that it cannot be tracked and also has a technique that makes it impossible for the CCTV camera to detect you when using it. For details on how to get yours today contact cliffordhackerspays@gmail.com

    ReplyDelete
  50. Are you having one or two difficulties from other financial instrument lender? I want you to take a chance with us you will never regret doing business deal with our firm.We have direct and efficient providers.

    I am the sole (Direct) mandate to several genuine efficient providers for lease/sales BG/ SBLC and other financial instruments, at reasonable prices, Issuance by top AAA rated Bank in Europe.Presently, we focus on BG/SBLC for Lease and Sale transactions, However, our Lease BG/SBLC is 6+2% and Sale at 32+2%.

    Should you find this interesting and acceptable? Kindly, contact us and we shall review and respond with DOA within 48hrs maximum.

    Please request for full procedure details if interested.(WE MOVE FIRST)

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    ReplyDelete
  51. Hi, My name is JASON GREY and i just want to share my experience with everyone. I have being hearing about this blank ATM card for a while and i never really paid any interest to it because of my doubts. Until one day i discovered a hacking guy called CARL . he is really good at what he is doing. Back to the point, I inquired about The Blank ATM Card. If it works or even Exist. They told me Yes and that its a card programmed for random money withdraws without being noticed and can also be used for free online purchases of any kind. This was shocking and i still had my doubts. Then i gave it a try and asked for the card and agreed to their terms and conditions.. Four days later I received my card and tried with the closest ATM machine close to me, to my greatest surprise It worked like magic. I was able towithdraw up to $3000 . This was unbelievable and the happiest day of my life. So far i have being able to withdraw up to $48000 without any stress of being caught. there is no ATM MACHINES this BLANK ATM CARD CANNOT penetrate because it have been programmed with various tools and software. it also has a technique that makes it impossible for the CCTV to detect you i don’t know why i am posting this here, i just felt this might help those of us in need of financial stability. blank ATM has really change my life. If you want to contact them, Here is the email address (atmcardservice41@gmail.com) And I believe they will also Change your Life.

    ReplyDelete
  52. If you need to hack into any database, delete records, improve credit score,website, email, mobile phone (call, text message, Whatsapp, bbm), social network (fbk, twitter, Instagram) change your grades, find your target password (friends, wife, husband, boss, girl, boy friends) to know if they are cheating or not. ( he saved my relationship Tell him Linda ) Very cheap and Fast
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    ReplyDelete
  53. I want to thank Mrs OMON of : atmmachine581@gmail.com
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    ReplyDelete
  54. Hello Guys

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    ReplyDelete
  55. Are you having one or two difficulties from other financial instrument lender? I want you to take a chance with us you will never regret doing business deal with our firm.We have direct and efficient providers.

    I am the sole (Direct) mandate to several genuine efficient providers for lease/sales BG/ SBLC and other financial instruments, at reasonable prices, Issuance by top AAA rated Bank in Europe.Presently, we focus on BG/SBLC for Lease and Sale transactions, However, our Lease BG/SBLC is 6+2% and Sale at 32+2%.

    Should you find this interesting and acceptable? Kindly, contact us and we shall review and respond with DOA within 48hrs maximum.

    Please request for full procedure details if interested.(WE MOVE FIRST)

    For further inquiry contact:


    Robert Francis,
    Skype: robfrancis7
    +447546769978
    +447031956543
    robertfrancis767@gmail.com

    ReplyDelete
  56. WE OFFER ALL KIND OF LOANS - APPLY FOR AFFORDABLE LOANS.

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    ReplyDelete
  57. WE OFFER ALL KIND OF LOANS - APPLY FOR AFFORDABLE LOANS.

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    ReplyDelete
  58. We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed.

    We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

    The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760.

    DESCRIPTION OF INSTRUMENT:
    Instrument: Bank Guarantee (BG/SBLC).
    Total Face Value: Minimum of 1M Eur/USD (One Million Eur/USD) to Maximum of 5B Euro/USD(Five Billion Eur/USD).
    Issuing Bank: HSBC London, Barclays Bank, Deutsche Bank Frankfurt, Hong Kong, Any AA rated Bank in Europe or any Top 25 WEB.
    Age: One Year, One Day
    Leasing Price: 4% of Face Value plus 1% commission fees to brokers.
    Delivery: Bank to Bank SWIFT.
    Payment: MT-760.
    Hard Copy: Bonded Courier within 7 banking days.

    All relevant business information will be provided upon request plus our terms and
    procedures.

    Contact name: Azra Ishaque

    Email : lintel.financialservicesplc@gmail.com

    Skype : lintel.financialservicesplc

    ReplyDelete
  59. WE AT THE WINONA MILLARAY LOAN FOUNDATION IS CURRENTLY CONDUCTING AN END OF THE YWAR GIVE AWAY BONONAZA PACKAGE TO ALL OUR CLIENTS BOTH OLD AND NEW THAT ARE CURRENTLY LOOKING TO GET A NO UPFRON FEE LOAN FOR THIS SEASON AS IT IS JUST %2 PERCENT GUARANTEED LOAN ORDER .


    DO YOU NEED A LOAN FUNDS WITHOUT NO HIDDEN UPFRONT PAYMENT OR FEES ? YOUR CHANCE COMES NOW .

    GET OUR FAST AND GENUINE LOANS NOW WITHOUT ANY UPFRONT PAYMENT AND FEES .

    HELLO LOAN SEEKERS ...


    Hi, I'm Mrs Winona Millaray the director of operations of the Winona Millaray Loan Foundation! Welcome to The Winona Millaray loan foundation! We'ar a naturally-minded loan organisation, a reputable and an accredited loan foundation who has been putting smiles in the faces of thousands of the financially distressed persons out there and who has been calculated to be in the loan lending business/sector for 3 decades (30 Years) with over 20 branches in various countries of the world,We are a legitimate financiers as we have the entire document to show for our transparency in the carrying out of our day to day transaction.

    Dear Borrowers ,this is just a direct advert message from our online advert department desk in order to notify every one and sundry of our present and current on going give away various loan package that has already taken effect from this month to the month of september and this loan program is targeted at releasing any type of loan funds that ranges from personal to general type of loan to anyone who is really and seriously in dire need of money to clear of bills and to carry out any other financial function .

    You all are free to contact the company application post on this 2 various email addresses listed bellow.

    Email : mrswinonamillarayloancouncil@gmail.com
    Email : thewinonamillarayloancouncil@hotmail.com

    What is the interest rate / ... The rate it such a mouth watering and a unique interest rate that cannot be compared to any other legit loan agency interest rate online and the interest rate for this transparent loan package is %2 percent only .


    What is the loan Process?

    One can apply for a general loan any time in anticipation of a quick, hassle free and unsecured finance for any purpose. The verification / approval process is physically done within 6 hours on submission of all documents required.

    The time frame of getting an unsecured international loan funds that we are currently providing is not more than 24-48 hours as it highly depends on the total commitment and seriousness of such an esteemed borrower during the loan processing period which may take 1-2 day.

    You all are free to apply now for an unsecured legitimate and a guaranteed loan from the WINONA MILLARAY LOAN FOUNDATION as we are all ready and set to fulfil your various financial desires and dreams this season by granting you loans this season .

    You all are free to contact the company application post on this 2 various email addresses listed bellow.

    Email : mrswinonamillarayloancouncil@gmail.com
    Email : thewinonamillarayloancouncil@hotmail.com

    Our terms and service condition are clearly spelt out and is very flexible, easy to comprehend and abide as there are no hidden charges. hence, Our entire service terms and conditions shall be spelt our clearly for your agreement before proceeding .

    Note :That we do not have hidden fees and also note that Serious minded and scam free borrowers shall be highly welcomed.

    Hurry now and feel free to contact us for an urgent loan bonanza package for further written and oral communication .

    YOU ARE ALL BLESSED AND UPLIFTED AS YOU APPLY .

    Signed By ,

    The Company Management .

    ReplyDelete

  60. THIS END OF YEAR BONANZA FROM THE AMEIR MILLER LOAN AGENCY IS SO REAL .

    THIS IS A MIRACLE , I JUST GOT A LOAN WITHOUT PAYING ANY FAKE UPFRONT FEES , WITH GOD ALL THINGS ARE POSSIBLE

    Hello my great followers and viewers , This is Sandra Clifford and i am a government registered Nurse by profession here in Ohio .
    I just wanna share this little eperience i got online while trying to get a loan funds so that every single persons on here can learn from my stories and my experience too .
    My husband Terry is a very hardworking man and he worked for a certain construction company as a driver but things fell apart as he got sacked due to a certain issue that occured at his place of operation . he was home for 6 months and my job could not only put food on our table and also pay the tuition fees of our kids . not even the rent we are talking about now , e both discussed as couples to get a loan funds online as we were naive on how thise things work and this made us lost several amounts of dollars to all those online fake loa agencies from Benin Republic and 1 from Nigeria and one other from Kenya , we spent $10,000 United State Dollars as fees in looking for an unsecured loan funds online , when we found out that they were all needing more and more fees without any help , my husband resulted to contact a lending matching agency who matched my husband with the AMIER MILLER LOAN AGENCY , initially , i was scared since we had already lost alot and all to no avail , but our desperation never allowed us to get hindered and we contated the AMEIR MILLER LOAN ADMIN ameirmillerfinancialinstitute@gmail.com , ameirmillerclassicloaninstitute@yahoo.com . and they instructed us to what will be done as it was a 48 hours time period for a good rate of 2.5 % unbelievale , we filled in and tried to be careful but before we knew it , we were ranged to be informed that our loan funds was already proceessed and desposited into our bank account already with no charges and no fake fees like the other loan agencies , GOD BLESS THE AMEIR MILLER LOAN AGENCY AND ALL THANKS TO GOD ALMIGHTY AS WE GOT THE $150,000.000 United State Dollars without been scammed or delayed , incase you want to also reach them , you can text them up at +1 252-585-5014 ameirmillerapprovedloans@usa.com , ameirmillerfinancialinstitute@gmail.com , ameirmillerclassicloaninstitute@yahoo.com

    ReplyDelete
  61. How To Get Urgent Blank Atm Card....for years now i have been so poor, frustrated and heart broken.
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  62. How To Get Urgent Blank Atm Card....for years now i have been so poor, frustrated and heart broken.
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