The eyes of all future generations are upon you

Greta Thunberg

From Jim Rickards:

Climate Change Alarmists Show Real Agenda

Before we turn to this article, let’s state a few things for the record. Climate change is a real phenomenon. I lived for 10 years on Long Island Sound. It has a rocky coast because it used to be a glacier, frozen solid from Orient Point to New York City. It melted. That’s climate change. The problem is that this happened 20,000 years ago and took thousands of years to play out. And that’s the point. Climate change is real, but it’s slow, complex and unpredictable. What about today? Here are some facts: CO2 levels are rising, but there’s no evidence that CO2 causes warming. The evidence points the other way, that warming causes CO2 to be released from permafrost and the oceans. Sea levels are rising, but the pace is about seven inches in 100 years. That minimal rise will not inundate the New York subways or drown island nations. The rise that is occurring will likely be reversed due to feedback loops long before any seven-inch increase. By the way, sea levels have risen 400 feet since the last ice age and people adapted just fine. Remember Al Gore’s polar bear extinction scare? He hopes you don’t because the evidence is that polar bear populations are thriving. Slight actual global warming stopped in the late 1990s. (Recent claims of “record temperatures” are rounded from hundredths of degrees and are within the margin of error; satellite imaging tells a cooling story in contrast to land-based thermometers placed by ideological “scientists” on the U.N. payroll.) If that’s the case, what are the climate alarmists up to? Their hidden agenda is given away by the article. Propagandist Greta Thunberg writes, “The climate crisis is not just about the environment. It is a crisis of human rights, of justice and of political will. Colonial, racist and patriarchal systems of oppression have created and fueled it. We need to dismantle them all.” There you have it. So-called “climate change” is really about a progressive, socialist ideology using climate as a way to gain international support for the agenda. Unfortunately, investors cannot simply ignore this con job, because the activists are coming after energy companies, transportation companies and the entire free-market system. Climate activists may be frauds, but their agenda threatens your portfolio to the core. It’s time to push back, call them out and, above all, diversify.