UN Admits Paris Accord Will Never Work


The latest on the global warming front is a UN report on the “emissions gap” that admits the Paris Accord would never work. The UN has admitted that the environmentalists have made dire forecasts that assumed whatever trend was in motion would remain in motion. They ignored all other evidence and cycles. Even if every country did 100% of the UN mandates, the Paris agreement will provide only a third of the cuts in greenhouse gas that environmentalists claim are needed to prevent catastrophic warming. The assumption is cycles do not exist and only humans are responsible for everything. They admit that even if every country involved in those accords complied with their pledges between now and 2030, temperatures would still rise by 3 degrees celsius by 2100. The goal of the Paris agreement was to keep the global temperature increase to under 2 degrees.

This is the problem when they make such bogus forecasts to try to scare people into their way of thinking. They want to end industrialization, prevent driving, flying, and watching TV because creating electricity is a problem. Kill all the cows and anything else that eat grass (which may include vegetarians) and go back to just hunting and gathering. However, they also want us to eat things raw and not cook because fires also create CO2.

 

Setting the Train Track on Fire


 

So much for Global Warming. We really need to prepare for what happens if we continue down this path of colder winters. The ground freezes and it can freeze even down two-feet. That means good luck on growing anything. It has been so cold, that even the rails for trains broke in three different places between Baltimore and Washington on Thursday. So even trains were delayed or canceled as Amtrak did for trains passing through Chicago.

It has been so cold, the tracks freeze and the only way to switch tracks is to set them on fire. Of course, the tracks themselves were not truly burning. They are made out of steel. The fires in Chicago on the tracks this week show flames smoldering in patches of melted snow around the tracks. The photos look wild and dangerous as if it were some apocalyptic image. The steel does not actually burn of melt. The flames simply keep the ice off the tracks at junctions where they need to switch tracks for trains passing through.

It is time to start SERIOUS investigation into climate change and knock off this global warming nonsense which has been an excuse to raise taxes. A few more years of cold weather like this and you will see severe shortages in food being to emerge for 2024. The previous lowest temperature in all of Chicago history was 27 degrees below zero, which was a record set on January 20th, 1985.  This past week almost broken that record reaching 23 degrees. But the wind-chill factor was certain far worse.

The Problem with Cold & Electric Cars


Everyone who ran out and bought an electric car has suddenly discovered that when it gets cold, the battery will lose on average 20-25% of its charge. The idea that electric cars will replace fossil fuels is really a dream. That will work in warm territories, but when it gets cold, they will require more energy production to service them. This comes at a time when power plants also have increased demand to keep people warm. Even a heat-pump, which runs on electric, will stop putting out heat when the temperature drops to 40 degrees F or lower.

If we are indeed going to move to electric cars, then with a new cold-age/ice age approaching, the need to generate more power in winter will present problems nobody considered on the planning board

Italy Falls into Recession


QUESTION: It is official. Italy is now in recession. Obviously, the Fed is looking outside its own economy. Your Economic Confidence Model is remarkable. I have been following you now for more than 10 years. It has always been correct. Why does the economic community and governments pretend you cannot forecast the economy? You have proven the economy can be accurately forecast.

PV, Rome

ANSWER: Yes, Italy has turned down. The Fed knew what is coming. All these pundits who claim the stock market forced the Fed to change policy have only shown their total ignorance of the true factors upon which central banks will act.

I have probably met with more central banks than anyone.  They all know the Economic Confidence Model. That is one of the primary questions I am asked by them – where does it stand now. They cannot publicly come out an say the economy will turn down now for fear that they will be blamed. Just look at the Russia-Trump nonsense. They want to pretend that Hillary would have been elected BUT FOR the release of the emails which showed he true colors. Our computer was forecasting she would lose BEFORE any emails were released. The trend was already set in motion – anti-career politicians. Just look around the world and you see the same trend. But it is easy to always blame someone else for your failure. Thus, central banks cannot forecast a decline because if it happens, they would be blamed just like the Russians right now for Hillary’s loss. The central banks can only forecast economic growth, not recessions.

As for the academic community maintaining that the business cycle cannot be forecast, this “opinion” is self-serving. To announce that the business cycle is regular means you cannot control the economy and the entire theory of Marx and Keynes is completely wrong. They kill Kondratieff because he warned the business cycle would kill communism. The economic community would not be able to put out theories to manage the economy and they would have no importance if they admitted they cannot control the business cycle. It is just self-interest.

I have been talking with central bankers for months and it has been about the decline into 2020. That is the backdrop to the Fed’s actions – not the stock market. And as for gold, it rallies because interest rates will decline when the Fed said there is less of a risk of inflation? It just seems the reasoning is never consistent.

Professor Jordan on Climate Change – the Reality


 

Hell has Actually Frozen Over


 

There is a town named HELL in Michigan. It has actually frozen over. There were more than 3,600 flight cancellations and more than 14,867 delays. This extreme cold weather coupled with the shutdown will mean that the 1st quarter numbers in the US economy will also turn down sharply. Temperatures dropped into the mid 40s here in Tampa and I went to the movies to see a feature and there were at best 8 people and nobody on the road even down here. Power companies have been asking even General Motors to suspend production due to extreme temperatures. While Hell freezes over, the GDP of the US economy will decline and that is very bad news for the rest of the world that depends on selling things to American consumers – especially cars.

I suppose we failed to drive our cars enough to warm things up or it must be a new secret weapon of Russia that the Democrats can investigate and somehow link to Trump.