This landed in my email inbox on Thursday. It’s from Agora Financial in Baltimore.
I trust that Agora will forgive me for re-posting it before getting official permission to do so.
Dave Gonigam - Managing editor
The 5 Min. Forecast
Does anyone even care nowadays who’s named Time’s “Person of the Year”?
Used to be that designation mattered — back in the day when the magazine was owned by the influential media baron Henry Luce. But Time has fallen victim to the internet like the rest of the “legacy” media. After a succession of owners who couldn’t figure out what to do with the thing, today it’s an ego vehicle for Marc Benioff, the founder of Salesforce .com.
Anyway, Greta Thunberg is a 16-year-old Swede who in the summer of last year began demonstrating every Friday outside the Swedish parliament, demanding “action” on “climate change.”
“In the 16 months since [her protests began],” says Time, “she has addressed heads of state at the U.N., met with the pope, sparred with the president of the United States and inspired 4 million people to join the global climate strike.”
Thunberg still isn’t a household name in the United States. In Europe, she’s a rock star.
Your editor follows European media more closely than most. “Climate strikes” are a weekly occurrence over there. Organizations like “Extinction Rebellion” regularly disrupt daily life in major cities to make their point — for instance, shutting down London’s subway system in October. (Wait, doesn’t the climate-change crowd support public transit?)
The most striking thing when you watch or listen to news coverage of these demonstrations is that the protesters are always and forever demanding that politicians and bureaucrats take “action” — while rarely specifying what those actions should be.
A typical Thunberg quote: “It feels like we are at a breaking point. Leaders know that more eyes on them, much more pressure is on them, that they have to do something, they have to come up with some sort of solution. I want a concrete plan, not just nice words.”
For a few years now, well before Thunberg burst on the scene, we’ve said the climate-change scare isn’t about carbon, or even about climate. It’s about control.
“Let me tell you what the most dangerous policy action in the world is,” wrote former investment banker and government whistleblower Catherine Austin Fitts in 2014.
“It is to decide that a phenomenon such as climate change is our No. 1 problem, that we need urgent action on it before understanding who is going to control the policy discussion and implement the solutions. Build a consensus that man-made climate change is our No. 1 problem and I assure you that our mystery governance system will use it to achieve a global taxation system and more centralized control.”
“Climate change is a convenient horse for elites to ride in the implementation of a new world order,” wrote our Jim Rickards in his 2016 book The Road to Ruin.
“Debating the science of climate change is beside the point. There are heated views on both sides; some science is settled, some not. Global elites treat the debate as settled to mask a larger project. For elites, a global problem once defined conjures a global solution. Climate change is the perfect platform for implementing a hidden agenda of world money and world taxation.”
In the three years since that book was published — and as the rhetoric from the climate-change crowd has ratcheted up — Jim has become more emphatic on the topic.
“Climate change is a real phenomenon,” he wrote his readers this week. “I lived for 10 years on Long Island Sound. It has a rocky coast because it used to be a glacier, frozen solid from Orient Point to New York City. It melted. That’s climate change. The problem is that this happened 20,000 years ago and took thousands of years to play out.
“And that’s the point. Climate change is real, but it’s slow, complex and unpredictable,” Jim says.
“Here are some facts: CO2 levels are rising, but there’s no evidence that CO2 causes warming. The evidence points the other way, that warming causes CO2 to be released from permafrost and the oceans.
“Sea levels are rising, but the pace is about seven inches in 100 years. That minimal rise will not inundate the New York subways or drown island nations. The rise that is occurring will likely be reversed due to feedback loops long before any seven-inch increase.
“By the way, sea levels have risen 400 feet since the last ice age and people adapted just fine. Remember Al Gore’s polar bear extinction scare? He hopes you don’t because the evidence is that polar bear populations are thriving.
“Moreover, a mild global warming episode appears to have ended around 1998. Claims of ‘record’ temperatures since then are based on dubious measurements (including putting land-based thermometers in asphalt parking lots; satellite infrared measurements show no warming), and the results are within the margin of error.
“Climate does change,” Jim sums up, “but not because of carbon dioxide and not in ways that humans can control.
“Since that’s the case, what’s the elite hidden agenda using climate alarmism as a Trojan Horse to advance?
“Because climate does not respect political borders, any response to climate change must ignore borders also. In short, climate change is an excuse for global governance, global taxation and intervention in the internal affairs of sovereign states by unelected global bureaucrats.
“Unfortunately, investors cannot simply ignore this con job, because the activists are coming after energy companies, transportation companies and the entire free-market system.
“Climate activists may be frauds,” Jim concludes, “but their agenda threatens your portfolio to the core. It’s time to push back, call them out and, above all, diversify.”
My comment –
Regarding Miss Thunberg from Sweden:
I don’t want the opinion of a sixteen-year-old on any topic whatsoever —
— with the possible exceptions of puberty, and Taylor Swift.