Wind Power Disaster in Australia Leads to Impending Economic Crisis
With laws mandated by elected officials but not supported by the populace of Australia for the wind power program which has seen 15% rises in kwH pricing over the last 12 months, what happens when food prices rise 30-50% over the next 12 months? The Australian economy is already on contraction, and when electricity prices rise further and everyone in the country pays more food, which part of the economy will be asking for bail outs first? There is no way people cannot eat. Individuals will find other ways to save more money for rising food costs, which means reducing spending. Look for Australia to be one of the first casualties in the G-20 as a result of grand solar minimum economic losses.
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