12/05/09 London, England –
Remember the world’s tallest office tower, in Dubai? Economist Andrew Lawrence came up with the Skyscraper’s Index. Apparently, the buildings go up in bubble economies. Then, the bubbles explode…leaving the buildings standing. The owners and builders typically go broke in the aftermath. Note the last line of the chart.
Most of world’s most popular undertakings are mostly giant frauds.
Hitler said his people needed ‘living room.’ Besides, the Germans were the people who were supposed to unite Europe against the Bolshevik/Jewish menace. Would the typical mitteldeutschelander be better off as a result? There was no reason to think so; it was just a popular flimflam.
The Russians supposedly rose up in 1917 to create a ‘workers’ paradise.’ The Chinese followed suit 30 years later. Did the workers get a paradise? Quite the contrary, they got Hell on earth.
Towards the end of the century came the promise of technology…which blew up in 2000…and then the War Against Terror in 2001. And now, there’s a war against depression, similarly hopeless, futile, and expensive.
And, of course, there is the campaign to control the world’s climate. We hadn’t kept up with the battle to control CO2. But it has suddenly burst into the headlines, see below…
Is the planet heating up? If so, is human activity the cause of it? No one knows. But thousands…millions…of people make their reputations, their careers and their fortunes by promising to do something about it. Al Gore, for example, has made millions of dollars by promoting his alternative energy investments.
“Anthropomorphic Global Warming,” is just a hypothesis. It is also a scam, says The Daily Express:
All of a sudden, global warming is getting bad press. Why? Some of the top scientists pushing global warming were caught in flagrante delicto…apparently ready to bury data that didn’t agree with them and shun unbelievers. One of them has since resigned.
“Climategate,” the press is calling it.
Bill Bonner
Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America's most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind The Daily Reckoning. Dice Have No Memory: Big Bets & Bad Economics from Paris to the Pampas, the newest book from Bill Bonner, is the definitive compendium of Bill’s daily reckonings from more than a decade: 1999-2010.
The Daily Reckoning is your premier source for making sense of the news Washington and Wall Street generate. Each business day, The Daily Reckoning calls on its stable of world-class writers and thinkers to show you how to get ahead.
Start your 100% FREE subscription to The Daily Reckoning today and you’ll get a free research report, “How to Survive the Fall of Social Security.” Simply enter your email address below to get your free report and join over 495,000 worldwide Daily Reckoning subscribers!
We Respect Your Privacy and We will
Never Share or Sell Your Email Address
So, if Newton or Einstein had buried data or shun disbelievers their theories are no longer valid, correct? That means I can say that Ludwig von Mises had this or that personal failing, therefor, Austrian economics is a fraud. That’s a rocky road your headed down my friend, the speed bumps of logic are a killer
This is old information just hitting the MSM, but thanks for sharing, Bill
The reporting on the so-called “climate-gate” is misleading. I suggest you have your staff do some research. They could start with the realclimate.org site.
Er, the climate fraudsters’ theory is called anthropogenic global warming, meaning human caused, not ‘anthropomorphic’ as you called it.
If they posited anthropomorphic global warming, they would be ascribing human characteristics to the Earth’s climate (think Seven Deadly Sins).
It’s still bunk, no matter what they call it, though. The Earth hasn’t been warming, but rather has been cooling, since about 1999. Meanwhile, atmospheric CO2 levels have slowly continued to rise.
Contrary to climate alarmists’ fears, CO2 actually has very little impact on global temperatures. Water vapor is a much more significant ‘greenhouse gas’, including in the form of cloud cover, and is present in much higher volumes in the atmosphere than CO2, by several orders of magnitude.
Climate fluctuations happen; they have always happened here on Earth and always will. Solar heat and sunspot cycles, along with volcanism, play much larger roles than CO2 in climate changes. Higher CO2 levels have followed not preceeded previous warm periods in the Earth’s history, suggesting they are an effect rather than a cause.
But of course the climate fraudsters’ can’t figure out ways to tax and regulate the Sun, so they’ve gone after energy generation and use.
Next thing you know, they’ll want to tax people for breathing.
well, at least they weren’t found abed with a goat, I mean this is bad, easy for a swamp rat like me to know the difference
I’m just glad I’m stocked up on sweaters. If trends keep up down heah, we won be needin no cold air come summer
Nobody has resigned yet. As for reading realclimate.org run by the same bunch that are involved in the scandal – You’d balance it up by reading climateaudit.org who initially reported the unscientific behaviour of the scientists and the generally poor science that forms the backbone of the IPCC reports. And who, despite many vacuous insults from the smug, hypocritical wannabe planet-savers, have been thoroughly vindicated.
It’s -20C today where I’m located. I have to go outside and work on doors. You can’t were gloves to drill and tap steel. Your fingers swell up and turn into lovely little pork sausages.
Global warming- KISS MY HIND-QUARTER!!
Sunspot activity has played a major role in climate change in the past. For many years, sunspot activity has been really small, even absent. That could explain temp declines after the 60′s. Other atmosferic fenomena we dont understand could explain it too.
Climate gate is only a bunch of scientist “fixing” data in ONE line of research. Several others – thousands indeed, around the globe, many of them conducted by frinds of mine who happen to be good and responsible scientists – lines of research still show global warming as a fact, or at least a real looming danger. Check your facts before dissing GW.
“So, if Newton or Einstein had buried data or shun disbelievers their theories are no longer valid, correct?”
DID they ever do such a thing?
WOULD they have ever done such a thing?
No.
REAL scientists don’t need to flub data and hide facts to support their ideas. But if a scientist is found to have done such a thing – by all means they are certainly discredited and they bring discredit to their ideas.
Excuse me, but even in the mere context of the solar system only, I am afraid these Climatic Saviors probably know nothing much. And even if they did, it would be nothing new. You do not need me to tell you how the climate of the earth obviously has behaved in the past. What would have stopped the dynamics? And what would the Saviors want to accomplish, actually? Stop the world?
Dateline 12/04/2009. Snow fell most of the day in Houston, TX. The earliest point in the winter season on record. Hey AlGore, I want my money (tax dollars) back.
Global warming is real and it’s happening. The problem is that the issue is becoming another convenient outlet for partisan “outrage” in political theater and blog media.
The increase in greenhouse gas concentrations in the past decades has, without a doubt come from the actions of humans. And just because scientists aren’t certain of the reasons for changes in climate during the early history of the planet Earth, doesn’t overturn the scientific laws of thermodynamics, radiative transfer, not to mention our knowledge of gases. We can measure those things NOW. Some experts are saying that climate change causes CO2 to rise and not the other way around. But even they have to admit that the CO2 feeds back in a loop, encouraging temperature to rise further! So, it doesn’t really matter if the chicken or the egg comes first? Uhh… We’ve got a problem Houston!!
In my opinion, many of the angry, condescending posts we read on the web are written by folks who have personal issues and are quite narrow minded (BTW, I’m not referring to BB here – I don’t even know his position on this issue – and anyway, he tends to presents his views fairly and is not afraid to occasionally inject a dose of self-depreciating humor).
The refreshing part about the global warming issue is: no matter how much these naysayers bluster – governments and corporations WILL continue to make steps toward alternative energy development, slowly and steadily.
It’s not going away.