Climate Change – the Fraud to Justify More Taxes

The Global Climate Change crowd really need to be imprisoned. They have been deliberately creating a giant fraud that is just amazing. The low in the energy output of the sun was during the late 1700s. They have attributed everything to man and ignored long historical evidence that demonstrates there is a cyclical beat to the sun just as there is to your heart.
Anyone who has had a background in electrical engineering can tell you the difference between DC (direct current) and AC (alternating current) is straight forward. AC is adding a cycle to the energy and in so doing, it can be transmitted over distances. DC is a constant output at one level. As in economic where people want to eliminate the boom-bust cycle and create an DC Economic world, the problem is resistance will wear down the current and as soon as it declines ever so slightly, it ceases to function.
Everything in the universe functions to a cyclical beat. That is the supreme design of everything. This is not the Theory of Everything – it is the Fact of Everything. The Global Warming con-artists are clever but reveal either their stupidity or their total dishonesty. There is no in between here. If they have not done their research historically beyond 1800AD, then they are complacent or has done so and are trying to find post-1800 to suit their tactic to get money.

This post was published at Armstrong Economics on April 27, 2015.

Texas Town First of Many to Switch to 100% Renewable Power

On March 18 the city of Georgetown, Texas announced that it would soon be generating 100 percent of its electricity from renewable sources.
Georgetown agreed to purchase the power from a 150-megawatt solar farm that is to be constructed by SunEdison and online in 2016. Coupled with a 2014 agreement to buy wind power, Georgetown will be able to generate all of its electricity needs without any help from coal, oil, natural gas, or nuclear power.
Texas, the largest oil producer in the United States, is not normally known for its green tendencies. But Georgetown will be the first of many cities in Texas and around the country that will increasingly turn to renewables for electricity. And that has less to do with environmentalism than it does with dollars and cents. Solar has seen its panel prices fall by more than 63 percent since 2010, with wind posting similar cost declines. As a result renewables are the fastest growing form of electricity.
That is upending monopolies held by utilities, which are fighting back against insurgent solar and wind. Utilities are trying to block new entrants into the market, which has earned the solar and wind industry some new and unlikely allies. In North Carolina, for example, a Republican state representative is sponsoring legislation that will open up the market for third party ownership and financing of solar, something that is currently illegal. Dubbed the ‘Energy Freedom Act,’ the legislation could provide a dramatic boost to renewable energy in a state that has in the past banned state agencies from preparing for the threats of climate change.

This post was published at FinancialSense on 03/30/2015.

The Search For Unicorns

One of the unfortunate problems that comes from long periods of claims being presented and left unchallenged is that a certain mindset is left to grow where beliefs akin to pixie dust can find root and become “common.”
An example of this is found in the relatively common left-wing view that deficits don’t matter, (aka Krugman.) Another, and the focus of this article, is found among a self-styled group called the Global Monetary Forum, which has produced a newsletter that breathlessly proclaims in its opening paragraph:
For those who would hear it, this first issue of the Global Monetary Forum newsletter is, or represents, one of the most important things happening in the world of economic journalism this week. Why? In these dozen pages, a dozen highly influential monetary experts – some with recent books on every Economics bookshelf and some with organizations making a stir among government leaders across the globe – here join as members of a united international coalition.
Oh really? One of the first indications of trouble comes right here, just down the page:
…. This time, our most aware and purposeful thinkers are no longer of a mind to tolerate what history shows us to be unnecessary debts and austeritiesin the face of increasing challenges to basic security in a time of climate change…….
You mean the now-proved false claim of “global warming”, right? That great scientific fraud in which adjustments to measured temperatures are used to claim that warming has happened that doesn’t actually exist?
This group hails from the premise that one can simply solve these problems by moving to a world of debt-free money issuance, and then pontificates the following:

This post was published at Market-Ticker on March 5, 2015.

Great Lakes with Historical Record Ice

The greatest scientific FRAUD of all time has been this Global Warming nonsense. But hey, they are great snake-oil salesmen who manage to get billions of dollars thrown at them to study what they will never admit are just natural weather patterns. This is is so damn cold, I think a few more months of this and I may never be able to have children again. The pipe will freeze and break. What the hell. Since we are just making up theories, that is fair game.
There is record ice now forming in the Great Lakesthat will exceed all records. When it keeps getting colder and there is more ice now at the North Pole when there should be none by now according to Al Gore’s first ranting on this subject, these con-men changed the title to ‘climate change’ with the same assumption we did it. They are con-men for there is no possible way any REALresearcher would have come up with this theory without back-testing. This is like looking at the stock market that rises for 3 years and pronouncing it will continue to rise forever.

This post was published at Armstrong Economics on February 22, 2015.

“Controlling Today’s Perception Of Tomorrow’s Economic Strength” Is THE Fed Mandate

Taking a step back outside of our predetermined schools of thought and simply looking at the world versus where we were say 20 years ago and OMG what a difference 20 years can make. For instance you wouldn’t know what OMG meant 20 years ago and you wouldn’t have google to figure it out. But more seriously 20 years ago we were on the precipice of the longest stretch of world peace the world has known in modern history. We were on the precipice of the first US budget surplus since abandoning Bretton/Woods. We were on the precipice of the only period of true economic growth we’ve seen since the 1970’s. We were on the precipice of the period that would see American’s standard of living higher than ever before. We were also on the precipice of implementing the foreign and monetary policies that would end up being the catalyst for a perpetual state of global meltdown.
Years from now students will only read about a time when the world had increasing real incomes, positive interest rates, debt used for investment rather than for consumption, employment was assumed to mean full time, welfare was a temporary relief for only the most unfortunate, disability was given only to those disabled, a majority of kids were born into two parent households, America did not lead the world in imprisoning its citizens, the police actually served and protected the public, money had both time and intrinsic value, news was verified, the Constitution was a nation’s supreme mandate, democracy meant a self governed people, freedom didn’t come with chains, war wasn’t peace, lies weren’t truth, earnings growth came from operational expansion rather than operational contraction, productivity gains meant the same amount of workers generating more output rather than less workers generating the same output, production was the manufacturing of something you could touch, climate change meant taking a vacation, wars were approved by congress and fought against aggressor nations not disagreeable concepts, banks were pillars of commerce rather than wrecking balls, and you could take your family to the movies for less than a week’s wages.
Listening to the news today is absurd in the context of recent history. Our nation is bankrupt. By every definition known to accounting and economics our nation is bankrupt.

This post was published at Zero Hedge on 02/09/2015.

The Biggest Fallacy of the Keystone Pipeline Approval Fight

The battle over the Keystone pipeline has become one of the foremost issues in Washington today.
That’s the problem.
The great fallacy of the Keystone pipeline is that whether it gets built or not is much less important than craven politicians in Washington would have you believe.
For six years, TransCanada Corp. (NYSE: TRP) has sought approval to build the northern leg of theKeystone XL pipeline. The 1,179-mile project would bring crude oil from the tar sands of Canada to U. S. refineries on the Gulf Coast.
Both Republicans and Democrats have turned up the rhetoric on the Keystone pipeline mainly to serve selfish political interests.
‘The political fight about Keystone is vastly greater than the economic, environmental, or energy impact of the pipeline itself,’ Robert N. Stavins, director of the environmental economics program at Harvard, told The New York Times. ‘It doesn’t make a big difference in energy prices, employment, or climate change either way.’
Keystone XL Pipeline Fight: What’s Wrong with Washington
And this battle has dragged on for six years. All the time wasted debating the Keystone XL pipeline could have been devoted to dealing with some of America’s more pressing problems. You know, stuff like tax reform, immigration, trade reform, the $18 trillion national debt, maybe some help for the struggling middle class.

This post was published at Wall Street Examiner by David Zeiler, courtesy of Money Morning ‘ January 15, 2015.

In ‘Conservative’ Florida, the Global Warming Insanity Runs Amok with Taxpayer Dollars

Tonight I made the mistake of reading one of the local newspapers in our region, and what pray tell did I find?
Florida Department of Health awards Manatee $10,000 to combat health impacts of climate change This story from the Bradenton Herald might be just ‘disturbing’ if it were during a Charlie Crist or Democrat administration. But when one read’s the nonsense spewed by the Manatee County Department of Health representative in the story, it becomes apparent that ‘conservative’ Republican Governor Rick Scott has endorsed or allowed a bureaucracy to further expand and continue completely out of control with taxpayer dollars:
Grant funds will be used by the Department of Health in Manatee, in partnership with Manatee County Emergency Management services, to develop plans to safeguard the public against the health impacts of climate change, according to a release. Those impacts include heat exposure-related illness, increases in mosquito-borne and water-borne diseases resulting from higher temperatures and flooding.
‘As temperatures rise, we must have plans in place to protect the health of our residents. For example, during heat waves, we will need to provide safe options for those without air conditioning.’ says Dr. Jennifer Bencie, Manatee County Department of Health administrator. ‘We have to sharpen and solidify our emergency preparedness plans for climate change now, so we are prepared for the future.’

This post was published at John Galt Fla on January 5, 2015.

Vacuous Blabber Association Meets in Brisbane

G-20: Governments are ‘Growth’ Magicians The G-20 met in Brisbane again this weekend for a shrimp-fest at reportedly considerable cost to tax payers (it cost more than $400 million and shut down an entire city for the best part of a week). What did the meeting achieve? According to the communique, it will achieve miracles. Not only is there going to be an intensification of the fight against the non-problem of ‘climate change’ (as if the climate cared what we do or don’t do), but governments will ‘create economic growth’ – allegedly $2 trillion worth of it over the next five years.
Since this figure refers to global GDP it can of course be achieved, mainly because GDP is a very poor measure of growth. All sorts of activities that really make us poorer are counted as ‘growth’ – all that counts for the purposes of GDP calculation is ‘spending’, no matter what the spending entails or who actually does the spending. The Soviet Union had ‘growth’ too – in fact it reported plenty of it. It even grew while millions died in famines during the collectivization drive. Western intellectuals were duly impressed by Stalin, who seemingly demonstrated the superiority of communism over capitalism in the 1930s. People in the Soviet Union were even paid in something that was called money, but there was very little they could actually buy with it.
Since governments want to fight ‘climate change’ (there is no point in fighting ‘global warming’ anymore, since it has stopped dead in its tracks more than 18 years ago), they are bound to create some of that magical growth by wasting scarce resources on alternative energy subsidies. It should be obvious that such investment is wasteful – if that were not the case, it would not need to be subsidized (Germany’s citizens have seen their electricity bills soar in the course of the rigorous implementation of the ‘green energy’ boondoggle in that country). However, it will register as growth in the GDP accounts, just as numerous housing bubbles around the world looked like growth until they blew up in 2008.
All this government intervention-induced growth should perhaps be called ‘growth at a price’ – it is a bit like buying $1 bills with $5 bills. According to the AP, the G-20 want to create more jobs specifically for women as well (by means of quotas? They didn’t say), but it is actually not necessary to plan specifically for that, at least not in the industrialized nations.

This post was published at Acting-Man on November 17, 2014.

Carbon Tax ‘Win-Win’ Too Good To Be True

In a new paper for the Ottawa-based Macdonald-Laurier Institute (MLI), I take on the claim that a carbon tax could produce a ‘win-win’ outcome of reduced climate change damage coupled with stronger conventional economic growth. In both the United States and Canada, some self-described conservatives are pitching the case that a new carbon tax could actually improve the efficiency of the tax code, so long as any new revenue is devoted to cutting other taxes. The mantra is ‘tax bads, not goods.’ Thus, proponents of a new carbon tax argue that conservatives should support it – so long as it’s coupled with dollar-for-dollar tax cuts – even if they find the warnings about climate change to be dubious.
In my paper for MLI, I explain how weak this type of case is. In the first place, a new carbon tax – especially at the federal level – will not be used exclusively to cut other taxes. Environmental groups are already spending that money on various pet ‘green’ projects (to fund research in alternative fuels, or to promote conservation projects, for example), and proposals often include specific relief targeted to the poor who will be hardest hit by hikes in energy and other consumer prices.

This post was published at Mises Canada on November 8th, 2014.

The Politics of ‘Free’ Trade Agreements

Amidst news of the prolonged worldwide recession, new air strikes, secession attempts, and climate change, international trade – which in 2008 went through its largest crisis in history – has been mostly out of the public eye. Yet we’ve been told not to fear: the World Trade Organization, the foremost global body for promoting multilateral trade, remains watchful, and is optimistic that efforts for liberalization will bear fruit in the near future.
Sadly, the WTO’s hopes aren’t justified: the Doha Round of trade negotiations began in 2001, and even after thirteen years, success is nowhere in sight.
Seeking to address the liberalization concerns of WTO’s less-developed members, the Doha Development Round was supposed to culminate in 2005 with a new trade agreement. The envisioned deal concerned the reduction of trade barriers in commodities and services, as well as a new international framework for intellectual property rights. But soon after negotiations began, governments from developing countries – India, Brazil, China, and South Africa – and NGOs (non-governmental organization) began to worry that international negotiations were an obstacle to the governmental protection of developing sectors and regulation of financial services. After the failure of the Cancn proceedings in 2004, trade scholars worried that Doha might not be completed by its original deadline, but kept the hope that negotiations would continue. However, trade talks came to a deadlock in 2006, 2009, and 2011, mainly due to differences in agricultural policies. The US and the EU even backed out of previous agreements to reduce export support and agricultural subsidies, arguing that they did not want to weaken their bargaining positions too early in the Round.

This post was published at Ludwig von Mises Institute on Tuesday, October 07, 2014.

#OccupyAndOrFloodWallStreetForClimateChange Takes On NYSE TV Studio – Live Feed

It has been several years since the disjointed, confused, and extremely disorganized Occupy Wall Street movement made any headlines. Alas, in the interim, the career prospects of those who comprise its up prime age demographic have gone nowhere but down while inversely impacting the nominal free time of said cohort, which is why we were somewhat surprised it took as long as it did for the same individuals, best known for camping out in Zucotti Park (until it started snowing of course), to stage a daring comeback. Which they did today, following a weekend in which New York City was overrun with “The People’s Climate March”, protesting against climate change by… leaving behind them tons of non-biodegradable garbage.
It is this same group that has once again made its way all the way down into the Financial district, and specifically in front of the TV studio formerly known as the NYSE.

This post was published at Zero Hedge on 09/22/2014.