Tags: climate | scam | markets | investors

Will 'Climate Scam' Blow Up on the Markets?

Will 'Climate Scam' Blow Up on the Markets?

 (DPC)

By    |   Monday, 13 February 2017 11:33 AM

What do you think would happen to stock valuations if it turns out that global warming, climate change, and dependence on solar and wind energy were scams?

We are being told that we must commit to making massive capital investments into so-called sustainable energy development.  Fossil fuel, natural gas, and nuclear must be replaced with sustainable energy. 

Otherwise within the next hundred years, or maybe a thousand years, the earth will come to an end.

It is one thing to rightly fund the processes to reduce or eliminate pollution and to enhance our ability to have plenty of clean water.  Nobody rationally disputes this.

However, for replacing the existing sources of reliable energy for so-called sustainable energy sources then there is a problem. 

What is considered sustainable energy sources –solar and wind-- only works in good weather or windy but not too windy days.  This is a big problem for a modern economy using energy 24 hours a day.

Promoting sustainable energy instead of reliable energy is little more than a scam, sham, and fraud.

We have evidence of this already.

We have farmers growing corn so it can be turned into ethanol. The theory being that when ethanol is added to gasoline it will stretch diminishing oil supplies.  Experts at the time told us we were running out of oil or importing too much.

To do this, farmers had to be subsidized by the taxpayers. In addition, both huge amounts of fresh water are used and the fertilizers used by the ton wash out of the fields and pollute the streams and rivers. Food stuff gets burned, fresh water wasted, and the rivers rendered uselessly.

Oh yes, the experts were wrong. Our oil sources are not dwindling.  Instead, the United States is awash in oil, gas, and coal.  The U.S. will be, if not already, the largest energy producer globally.

So what would happen to all these tax-payer subsidized alternative energy investments and related industries if Congress stopped the madness?  It could happen if the pro-ethanol lobby loses its grip over their pet congresspersons when the taxpayers get fed up enough to vote politicians out of office.

I was thinking about this when looking for a book in my library entitled “Extraordinary Popular Delusions & the Madness of Crowds.”  Written by Charles MacKay, LLD. in 1841, he observes in his preface “…We find that whole community suddenly fix their minds on one object, and go mad in its pursuit; that millions of people simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.”

Most recently, the mass delusion bandwagon effect took hold when self-anointed environmental experts declared that the earth was threatened with destruction because of global warming.

Millions of people already brainwashed into politically correct thinking readily accepted it. That they could save the earth fell comfortably with the well installed politically correct belief that doing what feels good is good.  

Al Gore and his scientific “hockey stick” theory were proven to be false. His movie, “An Inconvenient Truth”, which was dutifully shown in schools and theaters, has since been dumped into the garbage can.  But not before Al made a lot of money on the deal.

When I first heard about Gore’s movie and his promotion of global warming, I had my doubts.

First, this involved believing in something that Al Gore was touting. Right there my BS meter lit up to the max. 

Second, I recalled an article from some years earlier by experts claiming that we are entering a global ice age.  The ice age gig generated a little money to fund research so the expert industry had to figure out a different approach.

To be clear, that the earth is warming up did not strike me as being all that horrific. I live in Miami where we have plenty of air conditioning and swimming pools. Also, the Atlantic Ocean is plenty cold and it would be more pleasant when at the beach if the water were warmer.

This sudden mass movement to the world warming instead of freezing was being driven by a combination of the environmentalist industry, social justice warriors, anti-capitalist, politicians, Wall Street, and their sycophants.

While each has a separate agenda, promoting global warming as the newest crisis had a lot of potentials to raise tremendous funding. Feel-good altruism and self-promotion take a lot of money. Which Wall Street, for a fee, is delighted to supply.

The global warming movement before losing all its credibility quickly repositioned its propaganda message to something involving climate change.

It was easy, All that was needed was an appeal to authority – a classic fallacy of logic —combined with creating a false consensus belief – a classic cognitive bias.

How could anyone deny that human activity was causing the climate to change? A consensus of 97% of “scientists” said that it was.

Anyone doubting this was called out and labeled a climate denier. The ad hominin attack is nearly always the defense used by those caught lying.

Consensus does not mean that something is a scientific fact.  Especially when that consensus is obtained under false pretenses and fraudulent underlying data. 

The reality is creeping in on the climate change movement.  The costs to society and to individuals are adding up rather dramatically and impinging directly on people’s current standard and quality of living. 

History shows that the mass delusion of the crowds will end and they will react.

When this upheaval will affect the financial markets is anyone’s guess.

But I am confident that the short sellers will be leading the way. 

Denis Kleinfeld is known as a strategic tax and wealth protection lawyer, widely published author and creative teacher.   

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What do you think would happen to stock valuations if it turns out that global warming, climate change, and dependence on solar and wind energy were scams?
climate, scam, markets, investors
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2017-33-13
Monday, 13 February 2017 11:33 AM
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