A Technical Study in the Relationships of Solar Flux, Water, Carbon Dioxide and Global Temperatures, December 2020 Data

Carbon Dioxide CO2 is not making “ANY” dangerous changes to the global temperature!

From the attached report on climate change for December 2020 Data we have the two charts showing how much the global temperature has actually gone up since we started to measure CO2 in the atmosphere? To show this graphically Chart 8 was constructed by plotting CO2 as a percent increase from when it was first measured in 1958, the Black plot, the scale is on the left and it shows CO2 going up by 32.0% from 1958 to December of 2020. That is a very large change as anyone would have to agree.  Now how about temperature, well when we look at the percentage change in temperature from 1958, using Kelvin (which does measure the change in heat), we find that the changes in global temperature (heat) are almost un-measurable. The scale on the right side had to be expanded 10 times (the range is 40 % on the left and 4% on the right) to be able to see the plot in the same chart in any detail. The red plot, starting in 1958, shows that the thermal energy in the earth’s atmosphere increased by .40%; while CO2 has increased by 32.0% which is 80 times that of the increase in temperature. So is there really a meaningful link between them that would give as a major problem? The numbers tell us no there isn’t.

The next chart is Chart 8a which is the same as Chart 8 except for the scales which are the same for both CO2 and Temperature. As you see the increase in energy, heat, is not visually observably in this chart hence the need for the previous chart 8 to show the minuscule increase in thermal energy shown by NASA in relationship to the change in CO2. Based to these trends, determined by excel not me, in 2028 CO2 will be 428 ppm and temperatures will be a bit over 15.0o Celsius and in 2038 CO2 will be 458 ppm and temperatures will be 15.6O Celsius. This is what the data shows no matter what the reasons are, so I have no idea how the IPCC gets to predict that the world will end in ten or even twenty years.

The full 40 page report explains how these charts were developed and why using NASA and NOAA data that are used without change to prove that The New Green Deal is not required and any attempt to complete that plan will be a worldwide disaster.

Click on the link below for the full report that you can download.

Complete Collapse in Economic Theories

Armstrong Economics Blog/Economics Re-Posted Jan 19, 2021 by Martin Armstrong

QUESTION:  Hi Martin, the dollar’s performance bucks logic, especially with Federal Reserve officials spending all week to deny any speculation of a tapering soon in relief measures or an imminent hike in interest rates standing at near zero.

But what made the whole thing even more bizarre was the dollar’s defiance of the rocketing U.S. deficit and debt forecast from the Biden’s administration’s fiscal plans to fight Covid-19.
Why is the dollar so strong? and why is Gold selling off? Are they being manipulated? When do you think we will see Gold go above 2k?

ANSWER: The CFTC data reflected the largest week-to-week turn against the dollar since early-Aug 2020 with the USD’s net short reaching its highest mark on record (in dollar terms) at USD35bn on the back of a USD3.7bn increase in favor of most of the currencies it would seem.

You must understand that we are dealing with a complete collapse in economic theories. This is why it may seem weird. That is why I released that book on Manipulating the World Economy. I am finishing a new chapter to add on COVID for the 5th edition. It keeps selling out in a matter of hours. There is a digital version available on our site.

What we are dealing with is the collapse in Keynesian Economics which held that an increase in the money supply would be inflationary which has proven to be false. The Goldbugs disagree with me but that is because they are so brainwashed but that rhetoric. The central banks have used that same theory and increased money supply hoping to create inflation without success. This is how Modern Monetary Theory has emerged saying after 6 years of QE and no inflation you can just print without impact. All of this ignored the bottom line. As long as people do NOT trust the future, they will hoard their money and not spend it even as the supply increases. You need to change that dynamic. They (1) suddenly believe that it will be more costly to wait to buy now, or (2) they lose confidence in the government and refuse to hold their money.

We are in a dangerous transition period and it will be confusing. You have to let go of your Keynesian indoctrination which centers around the Quantity of Money Theory that is what the central banks have continued to try to follow without any success. They do not understand the economy and the solutions are out of their control. They lie on the fiscal side and that has been totally corrupted by the World Economic Forum and Klaus Schwab.

JFK on Marxism

Armstrong Economics Blog/Socialist Re-Posted Jan 19, 2021 by Martin Armstrong