Recent Posts

The Climate Spectator joins the gravy train

Here we go again. I like Alan Kohler, the economic reporter on the nightly ABC news. He likes numbers, graphs and hard data. Yet here he is, setting up a new project which looks like it ‘s another climate clone site analyzing everything carbon-related in the harsh light of day except the assumption about climate “feedbacks” that the whole error cascade is based on. (This is the same assumption that the empirical evidence has shown was too high by a factor of six.) [See here for my latest demolition and here where a Dr of Paleoclimate comes unstuck.]

The Business Spectator wrote so sagely and incisively about the Super Profits Tax, I’d love to think they would apply the same sharp brainpower to the issue of climate. But Kohler writes:

“We were initially despondent when the CPRS was kicked into the long grass by Kevin Rudd,…”

Despondent? Imagine them saying “Interest rates were raised and we were despondent?”

But Kohler and the other economic commentators have been caught watching the money instead of the reasoning (they’re watching the wrong money too, here’s the money that speaks volumes). If upper tropospheric water vapor doesn’t increase as the world warms, the reason […]

July 13th, 2010 | Tags: , | Category: Economics, Global Warming | Print This Post Print This Post | |

Helicopter Ben at work

Not many people realize just how utterly unprecedented the Global Financial Crisis was.

To see just how singularly anomalous those months were, let’s revisit an article I wrote for 321 Gold in November 2008.

The graphs below are extraordinary, jaw-dropping plots. At the time I was watching them grow week by week, and was amazed that they were not “everywhere”. I still remember the chill I got in mid October when I first saw the ballistic spike. We’re talking about the money supply of the worlds largest economy. The rescue package blew away the scale — the second graph below covers 90 years. It’s not often you see any graph which is a true hockey stick. This was originally published at 321Gold on Nov 25th 2008. Remember this money (your money if you hold US dollars) was “injected” as a temporary fix (in theory), the plan was to neutralize it, or sterilize it, or insert-your-favourite-euphemism-here-for-getting-it-back-to-normal.

So where does the Money Base graph stand now? It’s not back down to $900 billion (where it was in August 2008), it’s not even stable at $1500 billion, it’s $2000 billion. Our markets run on ever increasing injections of new money. The people […]

June 7th, 2010 | Tags: , , , | Category: Monetary History, Science of Money | Print This Post Print This Post | |

Two dismal sciences (climate and money)

Maybe you are already au fait with the deep flaws in our financial system, or maybe you are like I was ten years ago, too bored to read “economics”–knowing it was all human vagaries and surrounded with jargon. If your eyes glaze at the thought of bonds, yields, debt and GOFO’s–bear with me, I understand. But history books will be written about this year. No one can afford to be not interested in the science of money.

Economics is known as The Dismal Science, and the reason it’s dismal is the same reason that official climate science is — too many dollars at stake. (If we can treat psychology scientifically, why not economics too?)

Those who want to falsely alarm us benefit from confounding issues, confusing statements, argument from authority and bureaucratese

But the unscientific nature of some subjects is no accident. Clear thinking, transparency, and rigorous logic benefit the majority, just as jargon, elitism, gatekeepers and censorship do not. Those who want to falsely alarm us benefit from confounding issues, confusing statements, argument from authority and bureaucratese, and so too do the people who control our money — central bankers, the banking aristocracy, and some politicians. (Though instead of […]

June 6th, 2010 | Tags: , , | Category: Economics, Monetary History, Science of Money | Print This Post Print This Post | |

The climate industry wall of money

This is the copy of the file I sent the ABC Drum Unleashed. I’m grateful they are allowing both sides of the story to get some airtime (though Bob Carter’s , and Marc Hendrickx’s posts were both rejected. Hat-tip to Louis and Marc). Unfortunately the updated version I sent late yesterday which included some empirical references near the end was not posted until 4.30pm EST. (NB: The Australian spelling of skeptic is “sceptic”)

Somehow the tables have turned. For all the smears of big money funding the “deniers”, the numbers reveal that the sceptics are actually the true grassroots campaigners, while Greenpeace defends Wall St. How times have changed. Sceptics are fighting a billion dollar industry aligned with a trillion dollar trading scheme. Big Oil’s supposed evil influence has been vastly outdone by Big Government, and even those taxpayer billions are trumped by Big-Banking.

The big-money side of this debate has fostered a myth that sceptics write what they write because they are funded by oil profits. They say, follow the money? So I did and it’s chilling. Greens and environmentalists need to be aware each time they […]

March 4th, 2010 | Tags: , , | Category: Bankers, Economics, Global Warming | Print This Post Print This Post | |

Climate: bull or bear?

Just as the great bull run that could have no end, ended, another unthinkably big bubble quivers. Technical indicators are quietly being tripped that suggest the bull run in global temperatures may be toying with a reversal. Could another large human institution dependent on complex models be headed for it’s ‘Lehman Bros’ moment? […]

April 12th, 2009 | Tags: , , | Category: AGW socio-political, Global Warming, Monetary History | Print This Post Print This Post | |

Carbon credits: another corrupt currency?

Carbon credits are a form of fiat currency, yet as calls for carbon trading grow, ironically, another fiat currency collapses—destroying life savings, wiping out jobs, and taking down historic institutions overnight. […]

February 4th, 2009 | Tags: , , , , , , , | Category: Global Warming, Monetary History | Print This Post Print This Post | |
 
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