The Aftermath of Global Frauds

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.

Economic Bubbles

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:

Daily Express Front Page

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.

The Daily Reckoning