Has the Next Credit Collapse Already Begun?
The Climate Fix Is In
PARIS – The big news over the weekend was that the Paris meeting of climate foxes produced an agreement. They will spend $16.5 trillion of other people’s money to raise more chickens.
“Forget ‘Big Oil,’” proclaimed a Bloomberg headline, “Get Ready for ‘Big Solar.’”
Solar panels covered in snow. Obviously, we need more “global warming” to get them to work, so it is a bit unfortunate that there hasn’t been any warming in nearly 20 years. Hell, we can’t even get any bad weather anymore! It should be a tough time for the alarmist crowd, but there is a lot of money at stake – global warming hysteria is easily one of the greatest rackets and gravy trains in all of history – arguably only exceeded by the war racket. Yes, someone is always making off with the loot in these “green energy” boondoggles. It ain’t you or me, dear reader. We have been chosen to play the part of involuntary providers of the loot. As Bill Bonner notes below: the fix is in.
Photo credit: National Post
We don’t have any knowledge or prejudice on the subject. But it sounds like the fix is in.
Like the War on Drugs, the War on Poverty, and the War on Terror, we predict that the War on Carbon Emissions will prove successful – but only for the warriors.
Near Certain
But how do we know? How do we know anything? The future, as we remind ourselves almost daily, is a movie that hasn’t been released yet. A reader wonders:
“I am a new subscriber and just getting a feel for the tone and quality of information presented in your Diary and your newsletter. A contradiction emerges: How do you reconcile your near certainty of a deflation induced collapse of the credit system with your view that one can never know the future?”
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