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The Green New Scam Is Dying
The Daily Reckoning ^ | 07/03/2024 | James Rickards

Posted on 07/03/2024 8:46:32 PM PDT by SeekAndFind

It’s no secret that the vast majority of the so-called elites are advocates of climate alarmism and are taken in by the Green New Scam.

Whether this preference is based on ignorance of the science, ideological zeal, a willful desire to hurt American growth or simple greed because of their investments in Green New Scam infrastructure varies case by case.

The typical upper-income supporter of the climate cult including academics, media figures and celebrities is probably ignorant of the fact that there is no evidence that CO2 emissions cause climate change and that the real causes are solar cycles, volcanoes, ocean currents and atmospheric moisture not caused by humans.

Climate Alarmists Have It Backward

The historical record actually demonstrates that warming periods produce higher CO2 levels — not the other way around. CO2 doesn’t cause warming. It’s caused by natural warming.

In other words, climate alarmists have causation completely backward.

Climate alarmism is based almost entirely on computer models, which depend on the inputs the modelers themselves build into them. A model is only as good as the inputs and assumptions programmed into it.

Virtually every one of these models has overestimated warming, sometimes by orders of magnitude, because it’s based on faulty assumptions that overestimate the impact of CO2 on climate.

In other words, it’s junk science. But they keep relying on these models because their political agenda requires it.

Climate: The New Communism

There’s no doubt that a fair number of neo-Marxists embrace the climate scam because they know it damages U.S. industry, raises costs to U.S. consumers and helps to undermine the U.S. economy.

Following the end of the Cold War and the collapse of communism, anti-capitalistic collectivists admitted that they needed to promote the climate agenda because the only way to combat global warming is through collective action. It requires a coordinated global effort that limits national sovereignty.

The neo-Marxists are impervious to evidence; they just want to hurt America and wasting money on windmills instead of building new refineries is a good way to do it. That leaves the greed crowd.

The Real “Green” in the Green Agenda

They’re early investors in windmills, solar modules, lithium car batteries, EVs, charging stations, carbon credits and other infrastructure of the climate scam. They stand to make billions of dollars off the narrative with help from extravagant government subsidies.

They don’t really care if it all collapses in the end (which it will) as long as they get rich at taxpayer expense in the meantime. All of this behavior is clear as far as it goes. What is not clear is the extent to which the Green New Scammers are doing this with your money.

The best example is multibillionaire Larry Fink, who runs the giant BlackRock investment fund. Fink has been aggressive in promoting the climate scam along with racial quotas, DEI and defunding police.

He’s entitled to his opinions. But is he entitled to pursue his radical agenda with pension fund money from conservative states and institutions? Fortunately, a backlash has begun against Fink and his fellow wokesters.

More state pension fund managers are beginning to pull their funds from BlackRock and other investment managers that pursue far-left policies not in the best interests of their beneficiaries. This backlash may not change Larry Fink’s lifestyle. But over time, it might change the world for the better.

The EV Sham

A major part of the climate agenda includes electric vehicles (EVs). I’ve been warning for years that EVs aren’t feasible as a transportation solution for more than relatively few Americans and that they are little more than glorified golf carts despite the $70,000-and-up price tags.

In the first place, EVs don’t cut carbon emissions. The car itself does not have emissions, but it’s charged with electricity from power plants that do.

The batteries are made with poisonous chemicals and metals including lithium, cobalt, copper and nickel that come from mining operations that use enormous amounts of water and electricity to extract the needed materials.

It takes thousands of tons of ore to extract enough critical minerals to make one battery. EVs don’t take a charge in extreme cold, and the batteries can’t hold a charge. Travel range is grossly overstated for many reasons, including the fact that EV car heaters drain the batteries (with internal-combustion engines, ICEs, the engine makes heat which can easily be directed into the car to keep passengers comfortable with no additional energy required).

Resale values of EVs are close to zero because buyers of used EVs have to shell out $25,000 or more for new batteries after the vehicle is about seven years old. The list of drawbacks goes on.

Most Americans have resisted EVs because they understand the disadvantages. But many Americans were drawn to the false promise of emission-free transportation and other ridiculous claims by the Green New Scammers. Now even the most committed EV buyers are waking up.

I Want My ICE Car Back

A new survey by consulting firm McKinsey and Co. shows that 29% of EV owners in nine major economies want to return to ICE vehicles. When the sample is narrowed to just the U.S., 46% of those surveyed want to return to ICEs.

The McKinsey officials who conducted the survey claim to be “surprised” by those results. That probably says something about the fact that McKinsey experts are just as deluded about EVs as the buyers surveyed.

When breaking down the results, 45% say EVs are too expensive, 33% say they have charging concerns and 29% are concerned about the limited driving range.

The truth is that the EV was invented in 1837 and reached the peak of its popularity in 1910 just before the mass production of internal-combustion cars by Henry Ford. The American public got it right when they flocked to the Model T.

It sounds like they’re getting it right again after a brief infatuation with the false promise of the EV. The bottom line is that the Green New Scam is falling apart.

It can’t happen soon enough.


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: climate; climatechange; conjob; cop26; fraud; globalwarming; globalwarminghoax; greenenergy; greennewdeal; greennewscam; junkscience; panicporn

1 posted on 07/03/2024 8:46:32 PM PDT by SeekAndFind
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To: SeekAndFind

Only 6.61 years left.


2 posted on 07/03/2024 8:48:36 PM PDT by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
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To: SeekAndFind

“The truth is that the EV was invented in 1837 and reached the peak of its popularity in 1910 just before the mass production of internal-combustion cars by Henry Ford.”

Whoever the hell came up with the 4-Stroke* Internal Combustion Engine was an ABSOLUTE GENIUS.

*4-Cycle, for those of you in Rio Linda


3 posted on 07/03/2024 8:54:08 PM PDT by BobL
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To: SeekAndFind

The green new scam is an expensive marxist social-engineering fantasy.

It was able to be born by a confluence of factors of the last 20 years - zero interest rates, low inflation, growing western government debt, general world peace, American dominance, the steady rise of green-neo-marxism, a quiet China happy to supply all the needed materials cheaply.

All these things have reversed

The green new scam will die.


4 posted on 07/03/2024 9:16:55 PM PDT by PGR88
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To: BobL

Thank Nicolaus Otto.


5 posted on 07/03/2024 9:24:29 PM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: SeekAndFind

http://www.dailyhaha.com/_pics/reserved-for-green-vehicles.htm


6 posted on 07/03/2024 9:25:16 PM PDT by Hillarys Gate Cult (“History doesn’t repeat itself but it often rhymes” - Possibly Mark Twain.)
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To: SeekAndFind

It’s like they give themselves enough rope...to hang themselves with.


7 posted on 07/04/2024 2:52:35 AM PDT by equaviator (If 60 is the new 40, then 35 must be the new 15.)
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To: SeekAndFind
Scam living!!


8 posted on 07/04/2024 3:40:06 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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[I Want My ICE Car Back]

But they've only worked for a long time!!

HOW DARE YOU??!!


9 posted on 07/04/2024 3:43:48 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SeekAndFind

I don’t think its over...they have unspent billions and a bureaucracy to issue hurtful regs.
They are just consolidating until the next round.
When those 2030 mandates for ICE cars kick in, you’ll see just how far gone we are.


10 posted on 07/04/2024 4:03:47 AM PDT by Adder (End fascism...defeat all Democrats.)
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To: SeekAndFind

scam has brain wahsed the youth which isn’t hard to do


11 posted on 07/04/2024 4:05:06 AM PDT by ronnie raygun
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To: SeekAndFind

My position has always been that we just have to delay it long enough for the damaging results from various European countries to become so bad as to be undeniable.

That is happening in Germany and the UK in particular.

Get Biden out and get Trump back in and he can immediately repeal and reverse everything Biden has done. By the end of his term, the economic carnage in Germany and the UK as well as a few other European countries will frighten voters everywhere else away from making further sacrifices to Gaia.


12 posted on 07/04/2024 4:16:17 AM PDT by FLT-bird
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To: SeekAndFind

The idiots can’t control solar cycles, volcanoes, ocean currents... so they control fake science.


13 posted on 07/04/2024 4:49:49 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: SeekAndFind
Lots of common-sense thoughts posted here regarding the Green scam. Unfortunately, no amount of truth will stop the scam if the Democrats retain power in November. If fact, they will double down on their agenda not because they're following the science, but because it will further cement them in power for many years to come.

Frightening to contemplate what they will do to us.
14 posted on 07/04/2024 5:58:24 AM PDT by Dan in Wichita
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To: SeekAndFind

***after a brief infatuation with the false promise of the EV.****

I still remember the EVs for sale on Memorial Street, Tulsa OK car lots back in 1975. Plenty of them for sale but never saw one on the street. Anyone else remember these monstrosities?

https://www.motorious.com/content/images/size/w600/2020/04/1976-citicar-electric-car-1.jpeg


15 posted on 07/04/2024 7:07:51 AM PDT by Ruy Dias de Bivar ( Government is not reason, it is not eloquence-it is force!--G. Washington)
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