Australia Fires – Nature or Global Warming?


QUESTION: Hello Martin,
I have been following your blog for a number of years and enjoy your more analyzed perspective on climate change. I am not fully convinced man [that] is causing the changes and I’d like to hear your opinion about the Australian fires. Living here in and amongst the carnage of the fires and the severe drought, it is hard to ignore all the arguments for climate change being a factor.
Kind regards,
CW

ANSWER: It is very easy for the global warming crowd to make claims that every hot day proves their theory or that a drought in Australia is the result of CO2. They offer ZERO historical evidence to support their claims. They simply make claims that this is the hottest year so that proves it is CO2.

I just published the earthquake data for the Caribbean. There has been a sharp increase in activity with solar minimum. All they would have to do is show the correlation. But they never do because there is zero evidence to support climate change is human induced. If that were true, then the data should reveal that there were no such events prior to the Industrial Revolution. They also ignore the historical record that shows climate has always changed. They do not even try to address those issues and the mainstream press just prints their claims as if they are uncontested facts without the slightest investigation.

There have been red tides that kill fish. Immediately, they blame farmers and chemicals. There are no farmers near me and there are no such chemicals that spill into the ocean from farming. All you have to do is Google it and you will see that the first recorded fish kill was 1648. There were reports of red tides in the Caribbean as early as 1530 (see: Red Tides HistoryKarenia brevis).

Australia has a history of droughts and bush fires. I have lived there and been to absolutely every area. The most well known of these are the Federation drought (1895-1903), the World War II drought (1939-45), and the recent Millennium drought (1997-2009). All three droughts were devastating to agriculture and the broader economy.

As far as major wildfires, they too predate the Industrial Revolution. There was the 1850-1851 Black Thursday bush fires of February 6th, 1851 in Victoria. That event resulted in burning the second largest area (approximately 5,000,000 hectares (12,000,000 acres)) in European-recorded history. That fire killed 12 people, but more than one million sheep and thousands of cattle. The current wildfire has reached 4.9 million hectares in NSW. Again, this is not something that is totally unknown or unprecedented. They do run the risk of making a new record high, but that does not prove that CO2 is the cause.

There was also the 1897-1898 Red Tuesday bush fire of February 1st, 1898 in Victoria. That engulfed 260,000 hectares (640,000 acres) and some 2000 buildings were destroyed.

These activists claim everything is CO2 without any evidence whatsoever and people accept whatever they just say. I can claim I sold the very high in the Dow in 1929 and bought the day of the low in 1932. Can you imagine if the press just repeated that claim without ever bothering to check to see if I was alive back then?

Nature itself demonstrates that these people are outright liars. The Amitermes meridionalis species are termites that are native to the northern part of Northern Territory of Australia, around Darwin. They build mounds that are typically 13 ft tall to survive both floods and bush fires. The animals have developed strategies to survive both floods and fires because they are historically common and not some new development post-1850 and the industrial revolution.

Even the giant redwood trees in California where bush fires are also common have adapted to the environment. They will grow burls which come to life in the event of a fire and can regrow the tree.

In Australia and California, which are both prone to bush fires, the plant and animal life have evolved over hundreds of years to adapt to wildfires. This does not support the claims that the fires in Australia are because of CO2. Everyone demands proof that this is not caused by CO2 instead of demanding that they support their wild claims with at least some correlation study

Polar Shift – The Undefinable Risk?


QUESTION: Mr. Armstrong; I am a new reader. I was recommended to look to your site when I was in a climate debate with a friend. They never tell us that the sun has a cycle which beats like your heart as you put it. I also never knew the north pole moved drastically. I am left speechless as to why these climate change people never address anything beyond CO2. Do you think the world will wake up before it is too late to discover these people are just liars?

HM

ANSWER: It has been in Europe which seems destined to collapse because of all the climate change regulations. It is a general consensus now among people I speak to in the German auto industry that they will be driven into bankruptcy before there is any recognition that this is all nonsense.

The North Pole is moving rapidly toward Siberia. The North Pole has always moved, but never at such a rapid pace in modern history. We have historical data from old ships’ logs covering the past 400 years. We know that the north magnetic pole has hung around northern Canada and was very steady. During the 20th century, it moved perhaps tens of several miles (kilometers) oscillating back and forth. It has been only during the last 50 years where the North Pole began to move northward. Then during the last 30 years, it began to accelerate rapidly. Suddenly it began to move about from about 6 miles (five to 10km) in a year to a sharp increase of about 37 miles (50 or 60km) per year.

The North Pole is now moving very rapidly towards Siberia. There has been considerable debate whether the complete disappearance of the woolly mammoths and other animals that thrived during the Ice Age was caused by a “quick-freeze” perhaps due to a pole shift, or some other major mystery of paleontology. There have been several carcasses discovered and the preserved food in specimens’ stomachs raised interesting questions. This is why the “quick freeze” catastrophe appears reasonable. Much of the support centers around the fact that the mammoths were quickly frozen, which explains the state of their food contents still in their stomachs, which has been also the main evidence for a quick freeze.

Actually, Birds Eye Frozen Foods Company ran an experiment based on heat conduction and the state of preservation of the stomach contents. They concluded that the atmospheric temperature had to quickly fall below -150°F (-100°C) (Dillow, J.C., The waters above: Earth’s pre-Flood vapor canopy, Moody Press, Chicago, IL, pp. 383–396, 1981). There have been some who tried to link this with the great flood from the Bible. This does not seems plausible in the least.

All we have are a lot of questions. There may be thousands of woolly mammoth carcasses still buried in the permafrost. Forget trying to fit this into the Bible. From carbon dating, the animals appear to have been frozen about 42,000 years ago. Recently, a 42,000-year-old Lena horse was discovered frozen in Siberian permafrost which contained the oldest liquid blood on record.

Clearly, whatever froze these animals was well beyond the Biblical flood or some 7,000 years ago. The speculation that seems to make the most sense was a polar shift which was perhaps sudden.

Taal Volcano Erupts in Philippines


COMMENT: Dear Martin,

You might find this interesting.

Today the Taal volcano in Luzon, Philippines, erupted in a violent way sending an ash plume as high as 16 km (55.000 ft).

The last time this volcano erupted was in 1977. This is 43 years ago which equals to 5*8.6.

The low solar activity seems to be stirring up things quite a bit.

Best regards,

SG

REPLY: Taal has a long history, and I believe this is the 34th record eruption since the 16th century. I also believe that so far these eruptions are generally VEI 5 or less. Currently, there are warnings that this may be a precursor to a larger eruption.

Taal is very close to Manilla. It is on an island that settlement is forbidden because it has been very active.

The current record-holder remains 2008 when the sun was blank for 268 days making the 2008-2009 solar minimum the deepest since 1913. There have been studies, besides our own correlation models, which have shown that during Solar Minimum, which is a normal part of the 11-year sunspot cycle, there is an increase in volcanic activity. The Dalton Minimum produced the 1816 event known as the Year Without a Summer.

Harvard University explained that the “Maunder Minimum (about 1645-1715) … was responsible for at least 70 years of abnormally cold weather in the Northern Hemisphere.” There appears to be an increase in volcanic activity during these Solar Minimum events. Indeed, at Taal, there were eruptions that took place in 1572, 1591, 1605, 1611, 1634, 1635, 1641, and 1645. There was a gap again until 1707, 1709 followed by 1715, 1716. 1729, 1731, 1749, and 1754 with a gap until and the Dalton Minimum began with 1790, 1825, and 1842. There were subsequent eruptions, some minor, during 1873, 1874, 1885, 1903, 1904, 1911, 1965, 1966, 1967, 1968, 1969, 1970, 1976 and 1977.

Here, there were eruptions at Taal in 2008, 2009, 2010, and 2011 with a gap until 2019 and now 2020 as we are headed back into a Solar Minimum which NASA warns will be the lowest in 200 years. It at least appears that we should expect an increase in earthquakes and volcanic activity going into the next ECM cycle.

This is the crisis with the Climate Change activists for they are blocking any other research for fear that it will reveal there is a natural cycle unfolding, not human-driven

The Fraud in Climate Change Exposed


 

Abrupt Swings in Weather from Cold to Heat


QUESTION: Does your computer show that the major trend is down toward cooling and in the process were are getting these wild swings from new record golds to one day wonders of hot?

Thank you

‘DK

ANSWER: Yes, the broader trend is cooling thanks to the solar minimum. But there are also wild swings from new record lows to a single day of record high temperatures. This is similar to what was taking place during the 1930s. There was the dust bowl with drought and heat in the summer, and the winters were still the coldest on record which we have not yet reached on a sustained basis. It is just nonsense to claim that the violent swings from cold to heat are caused by us driving cars around when that pattern has taken place throughout history.

Storms are also not an indication of CO2 levels as they are claiming. There was the famous Spanish Treasure Ship fleet where all 11 ships were sunk in the Hurricane of 1715. The list of the worst storms from the 19th century forward is 1804, 1806, 1821, 1900, 1903, 1938, 1944, 1955, 1960, 1999, 2011, and 2012. The worst hurricane was 1900 insofar if the measurement is the number of people dead which reached 12,000 in Galveston, Texas.

1938 Hiricane New England

The 1938 New England Hurricane pictured here was far worse than anything we have seen in my lifetime. Computer models rooted in cyclical analysis with a long database simply reveal that there is really nothing new in weather that we have not seen before.

The bottom line is rather clear. The broader trend is moving colder. That does not mean that there will be days where the temperature will swing abruptly to a record high. We are looking at sustained trends, not a single day that makes a record low or high. It is sustained trends, not just the volatility.

Why is 2022 A Possible Change in the Presidency?


The year 2022 is showing up as a political change in trend. That often implies a change in leadership. Since that is not a year where a presidential election would take place, given the extreme hostility which has emerged politically and the end of bipartisanship in Washington, there is the potential for the merger of violence with the political change in trend. The last time such a Directional Change showed up was November 1963.

Now look at the bottom of the Kennedy Assassination wave, which was 2015.49 and the peak in the ECM wave itself was 2015.75. Our political model called for the first time a possible third party candidate would win was 2016. We had also warned that 2015.75 was the PEAK in government, but not just the USA, this was on a global scale. The Refugee Crisis in Europe began with Merkel opening the doors to Europe first on August 25, 2015, when she chose to allow Syrian refugees who had already registered elsewhere in the European Union to enter Germany and register there. This temporarily suspended an EU law that requires asylum seekers to be returned to the first country they entered.

Then on Friday, September 4, 2015, Merkel relaxed controls on the border with Austria, allowing tens of thousands of refugees stranded in Hungary to enter Germany. This began Merkel’s so-called open-door refugee policy where she condemned the entire European project. Her actions showed that a single leader of a single EU state could alter the policy of Europe as a whole demonstrating that EU member states became irrelevant.

Then 2015.75 was the start of Big Bang, and indeed interest rates went negative in Europe just before that target and going into 2020 there are now $17+ trillion of negative-yielding European debt. The pension crisis has been building ever since both public and private. In Germany, not only are pensions negative but now the for the first time since 2015, statutory health insurance companies recorded a deficit. In Germany, there is a rising political debate about the relevance of the deficit, but it is clear that contributions are likely to increase significantly in the long-term as premiums are raised.

Therefore, on the major ECM wave which applies globally, we see that 2022.2 (March 14th) is the next key turning point after January 18th. That is lining up with many other cycles and it certainly appears that this will be a critical turning point both politically and economically.

How Do Empires, Nations & City-States Fall – The Dark Age Cycle


 

This is a special report which includes for the first time “The Dark Age Cycle” which looks into how do empires die. Sometimes they just collapse, yet at other times, civilization also collapses and moves into a Dark Age. This report distinguishes all the historical changes which have taken place and the rise and fall of Empires, Nations, and City-States. This dives into the monetary system and how it was reconstructed in order to ascertain the cycles that are so important to understand.

 

This report dives into global contagions and illustrates that while people have suddenly see the economy as global today, it has always been that way. This analysis covers modern financial panics in addition to ancient and draws the analysis and common themes which undermine society. It would be nice if we learned as a society from past mistakes as most of us do on a personal level. Every parent warns their child not to touch the flame of a candle. No matter how often we are warned, everyone still was compelled to see for ourselves.

Society lacks that evolution from experience. Hence, collectively we keep sticking our finger into flame expecting somehow a different result. Worse yet, with every financial crisis, nobody ever asks has this taken place before? Was there a solution that previously worked?

Perhaps this is just why history must repeat. We can only learn from our past mistakes on a personal individual level. Society collectively seem incapable of ever retaining such knowledge. Thus, those of us who can see the trend are compelled to watch others repeat the same mistakes over and over again.

The Report is now Available for $29.50

Netherlands Supreme Court Rules They Must Reduce CO2 by 25% by end of 2020!


QUESTION: Marty, I just read that in the Dutch so-called climate Justice case the supreme court has upheld the original 2015 ruling, legally requiring the government to reduce emissions by 25%. This appears to be the first successful such case, and it might be a precedent for the others.

What about the separation of powers if the judicial power is used as a political tool to force the hand of the executive power? Wasn’t it rather meant to be a check and balance?

Thanks for what you do.
KR

 

ANSWER: The judges in the Supreme Court of Netherlands have made one of the worst decisions possible. In hindsight, the ruling will be the straw that broke the back of the European economy. The judges made their decision based solely on the international human rights law. This absurd ruling fails to consider that even if the Netherlands outlawed cars, manufacture, heating of homes, and the production of electricity from anything but wind or hydroelectric, it will not change the climate of the entire planet. The only outcome is to destroy the economy of the Netherlands.

There was no proof presented which established beyond reasonable doubt that there is any connection between CO2 and climate change. Nevertheless, on the 20th of December 2019,  the Dutch Supreme Court upheld the previous decisions in the Urgenda Climate Case, which held that the Dutch government has obligations to urgently and significantly reduce emissions in line with its human rights obligations.

The judges ruled against the Dutch government, which was the first in the world in which citizens established that their government has a legal duty to prevent dangerous climate change. The ruling was based on the fact that the government has established a policy claiming it would target a reduction by 2020 from 1990 levels. The court ruled the government must cut its greenhouse gas emissions by at least 25% by the end of 2020 (compared to 1990 levels). The ruling required the government to immediately take more effective action on climate change, and in the short time span, may seriously disrupt the entire European economy.

The United Nations rejoiced in slapping down the Netherlands government as the UN High Commissioner for Human Rights has also published a news release about the decision in which she notes that “the decision confirms that the Government of the Netherlands and, by implication, other governments have binding legal obligations, based on international human rights law, to undertake strong reductions in emissions of greenhouse gases.”

The question whether the court has abandoned the separation of powers and is engaging in dictatorial powers is an interesting one. The court alluded to a very serious breach of democratic powers of government in confining the judicial role in cases of alleged state negligence. What if someone killed a member of your family. Is the state negligent because it failed to protect your family? The issue of protecting citizens raises the question of whether there is a duty imposed upon government and how can they achieve that protection if it exists.

The court looked at this issue and WRONGLY entered something which can lead to the collapse of the rule of law. Where the issues can be spliced and a minimum standard of protection can be reduced to quantifiable terms such as a percentage reduction. The court viewed it can dive into this question by separating the directive of ordering a reduction in CO2 from HOW that reduction is to be achieved. The court created a fictional Chinese Wall where the HOW is a policy issue not to be decided by courts. This raises the appearance that it is permissible for the courts to establish that standard but not the policy. In doing so, the court WRONGLY assumes it will remain within the correct confines of their judicial role, protecting rights rather than creating policy.

The court was well aware that it was crossing the line separating the judiciary from the legislative. Under a sub-heading entitled, “The Separation of Powers,” the court explained why the decision did not qualify as something beyond its constitutional powers. Under Dutch law, there is no true and complete separation of state powers. Instead, the Dutch system is not a democratic system which most people do not realize. As the court explained, in the Netherlands the judiciary has a “balance” of power rather than a separation of power within the constitution. They argue citizens require legal protection from the state, and created that with the power of adjudicating over those disputes.

The court reasons that the judiciary has “democratic legitimacy,” yet it is not democratically elected. Justices of the Supreme Court are appointed by royal decree, chosen from a list of three, advised by the House of Representatives on the advice of the court itself. The justices are, like every other judge in the Netherlands, appointed for life, until they retire at their own will or after reaching the age of 70. Therefore, despite its reasoning, it is outside any democratic process.

Then the court reasoned it cannot refuse to decide matters within its jurisdiction simply because there may be political ramifications. Interestingly, the fact that the multiplicity of the very nature of the debate over climate change was disregarded by the court and was never fully addressed. The court simply said it did “not have a clear picture of the magnitude and meaning of … [all] consequences,” and there was a need for some restraint in what the court should order.

What is clear is that the judges WANTED to rule most likely because they believe in climate change being humanly induced. There is no other explanation for delivering such an unbalanced decision that has the risk of destroying the economy of Netherlands for it cannot order the climate change be reversed solely upon the actions taken in the Netherlands.

The court rooted its decision, claiming that the state was in breach of its duty of care to Dutch society by failing to take sufficient mitigation measures to prevent dangerous climate change. That argument can be applied to any citizen who is harmed even by being raped by a refugee or robbed on the street at gun point. Granted, up until 2010, the government had a national target for reducing emissions by 30% by 2020 compared to 1990 levels. The government continually ascribed to make reductions of 25-40% by 2020. The reductions were only 17%, which was used as evidence showing that the government had previously agreed to this 25%-40% reduction. Therefore, the case DID NOT settle the question that climate change was actually caused by humans.

The government did not even try to argue that the scientific consensus had changed or that climate change was not proven to be caused by CO2. They government’s argument was  or that the original target was economically impossible. Indeed, a reduction of 25% by the end of 2020 will destroy the economy and cause unemployment to rise. That argument did not matter to the judges. Therefore, they did engage in a usurpation of dictatorial power.

Therefore, this decision in the Netherlands is not likely to prevail in most other jurisdictions. There is certainly no basis for this to be even made in the United States. This merely appears to be another nail in the coffin of the dying European economy.

The Pursuit of Knowledge


QUESTION: Hello Marty,
I am fascinated by Socrates as it has opened my mind to patterns in my own nature and the flow in life.
In fact, your economic models have open my awareness of the cycles in my life. As I have experienced support, resistance, reversals, phase transition and slingshots out of expanded consciousness. It really is amazing to see this in myself, others, societies and cultures.

Which leads to my question, have you ever been asked to apply and integrate your research with the research of Clare W Grave, specifically his Spiral Dynamics models of human and societal consciousness?

Your economic models are far superiority anything I have ever seen. Same goes for Spiral Dynamics for understanding why and how humans behavior manifests and emerges.
Like you I’m interested in advancing the world to a more sustainable future less driven by self interest and more driven by system’s thinking grounded in unbiased research that lets the data tell the story, rather than setting out to to confirm own perspectives and bias.

I believe your work will be recognized on a much more grand scale by future generations. You definitely are someone who exhibits the characteristics of Stage Yellow & Stage Turquoise thinker. You are rare and are ahead of your time.

Thank you for your work.
MLK

ANSWER: Clare W. Grave’s work in psychology concluded that the mature human being transitions from a current level of cultural existence based on current life conditions to a more complex level in response to (or to cope with) changes in existential reality. Graves’s model demonstrates the dual nature of human social emergence with state changes between communal/collective value systems (sacrifice self) and individualistic (express self) value systems.

I have not sought to integrate my work into his. You must understand that there are a few of us who have learned how humans behave through trading markets. I never considered that what I was writing or doing had any validity or significance in psychology or economics for that matter. It was during the early 1980s when many people began to take notice of what I was doing because I emerged as the leading analyst in foreign exchange in a new world of floating exchange rates.

I was contacted by the Military University known as the Citadel. I was asked for permission to teach the Economic Confidence Model as the key to understanding the economy and war. They told me I was the modern Hegel, which was perhaps the first time I was being compared to any philosopher. Hegelianism is the main philosophy of G. W. F. Hegel (1770–1831) who was also a major influence of Karl Marx and revolutionary movements during the 19th century. Hegel’s philosophy has been summed up by the dictum that “the rational alone is real,” which means that all reality is capable of being expressed in rational categories. His goal was to reduce reality to a more synthetic unity within the system of absolute idealism.

I was then rather shocked when a rather famous central banker called and wanted to meet with me back in the early 1980s. John Exter (1910–2006) was an American economist, member of the Board of Governors of the United States Federal Reserve System, and founder of the Central Bank of Sri Lanka. I still have the tape from our meeting which we recorded. He was the first central banker who actually came to my office (Part I of three).

 

 

Audio Player

 

Then I was giving a lecture in Chicago at COMPUTRAC or Market Technicians. Milton Friedman came there to listen to me. When I was finished, he came up and introduced himself and said I was doing what he had only dreamed about when he first wrote about creating a floating exchange rate system in 1953. We became friends after that meeting.

When it came time to create the G5 in 1985, I was asked for my opinion. I was opposed to the manipulation of the dollar by announcing it would be lowered by 40% under the pretense that would reduce the trade deficit and create jobs. I expressed my objection to President Reagan and the White House was compelled to respond.

 

By the 1987 Crash, then the Presidential Task Force, known as the Brady Commission, was compelled to call me in because we ended up with a few clients on the Commission who insisted I be brought in because we had not only forecast the event due to foreign exchange, but that the day of the low we also said that was the low and new highs would be seen by 1989. When the 1989 Japanese Crash took place, I had two central banks on the phone simultaneously asking if they needed to intervene into the foreign exchange markets to stem it from spreading into a global contagion. I advised it was contained to Japan and they did not need to intervene.

Because I became a forecaster of foreign exchange and helped companies do takeovers and reorganized them as to what countries to set up in, former Prime Minister Margaret Thatcher wanted to meet the guy who was restructuring companies and placing so much foreign business into Britain. We too became friends and she even spoke at our World Economic Conference.

 

When the British pound was being attacked by Soros, the administration of John Major called and asked how long was the attack of the pound going to last? I advised that they had to devalue the pound. I was told they could not because Prime Minister John Major said he would not devalue the pound and the goal was to join the euro. This became the ERM Crisis. My advice was to exit the ERM and allow the pound to seek its own level.

In 1997, I warned Treasurer Robert Rubin against trying to talk down the dollar for trade as they attempted back in 1987. Again, while I managed to to get them to stop that nonsense, the capital flows had nonetheless shifted from Asia back to Europe to get on board for the coming euro. This resulted in me being called in by the central bank of China as a result of the 1997 Asian Currency Crisis.

I have never sought to correlate my work with any others. I have been a trader, not an academic. I have been called the modern Hegel and compared to many others in philosophy as well as psychology. Because the floating exchange rate system was born out of necessity in 1971 as the Bretton Woods system was collapsing, I was often the only voice to be heard who actually had hands-on experience worldwide. When I was asked to testify before Congress in 1996, I was the largest adviser in the world with just over $3 trillion under contract which at that time was about 50% of the entire US national debt. No one had ever had such a role in world foreign exchange markets. I was fortunate to have a front row seat during the entire evolution of the floating exchange rate system. That was never a subject that could be taught in university since the last such floating exchange rate period predated the first course in economics which began at Cambridge University in 1902.

I have been trained, not by some university which could never teach anything to do with the Floating Exchange Rate System, but by the markets and my clients. The person who came up with the very concept of supply and demand was also a trader who had been in the trading room of Amsterdam — the first trading center post Dark Age. His name was John Law (1671-1729), who was also plagiarized by just about everyone else.

Some things can only be discovered by actually observing them from the trading floor. They do not appear out of thin air from a dream. What I learned about the world economy involving foreign exchange and observing capital flows between nations and currencies could only be accomplished by life experience. Likewise, John Law observed the basic human reactions and formed his idea of supply and demand with its impact upon price.

A trader does not have the luxury of clinging to old theories. If you are wrong, you must respond quickly. Knowledge is gained ONLY from making mistakes and surviving our own decisions.

 

Exploitation of Greta – Greenpeace & Al Gore


COMMENT: So it seems that Greta Thunberg was not a true believer in climate change, but that her parents got her involved in the movement so as to help with her Aspergers and severe depression. Unbelievable–no wonder she seemed so unstable during her speeches.

MHB

REPLY: It has been well known that Greta Thunberg had severe depression issues. Her parents supported her activism as “medicine” for her depression. The Telegraph has revealed that this child has been really abused and exploited by Greenpeace’s Jennifer Morgan and Al Gore. Her father, Svante Thunberg, publicly acknowledges that he and his wife were “not climate activists” but made radical green changes to their lives as they saw the impact it had on their daughter’s mental health.

It is a real shame that this child has been exposed internationally. As the climate change agenda is exposed for the abuse that has taken place for a long time, Greta will suddenly be exposed to declining attention. What sort of  depression withdraw will she go through then? Such things can be dramatic and often lead to suicide in some situations. The exploitation of Greta should be a serious offense