U.S. Congress: In August 2019, the Congressional Budget Office (CBO) released a grim update to its economic outlook for the next decade, predicting average national deficits of $1.2 trillion every year through 2029, due in large part to recent budget and border security bills. The CBO report noted that, as one of many repercussions from free-spending policies, federal debt held by the public is projected to reach heights not seen since the 1940s, almost equaling the nation's Gross Domestic Product. This could lead to the devaluation of the Dollar, financial panic in the USA and around the world. Never have politicians been so irresponsible on such a large scale. At the same time, the government has been equally irresponsible in forming sound energy policies. Energy is the only real currency. Others are just paper backed by the word of the government.
Mpiyakhe Dhlamini is a data science researcher at the Free Market Foundation in South Africa: The people of Africa have been subjected to multiple injustices, slights, and violence. The list of things inflicted on Africans is endless and has no modern equivalent, except for Asia in geographical terms and the Jews in ethnic terms. These multiple injustices have been inflicted by both outsiders and Africans themselves against one another.
Construction of nuclear plants will reinvigorate local manufacturing (Kelvin Kemm, Nuclear Africa) South Africa23.May.2019
Kelvin Kemm is a nuclear physicist and Chairman of the South African Nuclear Energy Corporation and Nuclear Africa (Pty) Ltd: One of the main objectives of government is to reinvigorate the local manufacturing sector and one of the ways to achieve that is to forge ahead with the construction of nuclear plants. South Africa has everything it takes to be a world leader in nuclear and we need the scientists and engineers to be the ones driving this. Going ahead with nuclear projects, with experts at the centre of energy planning, will initiate a hive of activity across the entire country.
SOUTH AFRICA'S ELECTRICITY AND ECONOMIC DEVELOPMENT - SPECIALISED COMMENTS PART 2 (Rob Jeffrey) South Africa15.May.2019
Rob Jeffrey, Independent Economic Risk Consultant: South Africa is now (2018) in a recession, the fact is that South Africa does not have the financial resources to revitalise itself. The country suffers from a low savings rate and the government has no money to undertake the task of renewal and development itself. The only means to forge ahead is to make the country attractive to both domestic and foreign investment. Yet there are wild calls for expropriation without compensation, nationalisation of various industries, including one of the most damaging of the lot nationalising the SA reserve bank or using it as a pot of gold. These calls if they are implemented or gather in strength will drive South Africa into an economic death spiral similar to Zimbabwe and Venezuela.
One of South Africa’s key electricity technology energy advisors is a German renewable energy expert and supplier of German wind turbine equipment. Unbelievable. That highlights the desperate situation South African energy is in. German national energy programs based on wind and solar are only one natural crisis away from being in a disastrous situation.