Lenox Air Conditioner Manufacturer Cites Colder Temperatures for Decline in Sales


Despite all the global warming advocates, the air conditioner manufacturer Lenox came in well below Wall Street’s expectations, which were based on the claims running around that have now reached the level of a religion. Their earnings fell by about 9%. The CEO came out and made a statement with respect to sales decline:

Significantly cooler temperatures and higher precipitation across the United States adversely impacted the HVAC market in the second quarter, and especially in key Central regions where cooling degree days were down over 30% and precipitation was up over 60%.” 

Japan Still Declining into 2021


QUESTION: When I saw your blog saying 2019 will be really crazy and chaotic year for Japan (Feb 2019), I was curious how bad it could be. It is always amazing to see how you and your Socrates turning point manifest in the real world. I was astonished when Japan restricted exports of critical materials used in South Korea’s high-tech semiconductor industry right after G20 Osaka Summit. A trade war is generally initiated by a deficit country. This decision was not only opposite but might lead to devastate their own industry and disrupt the world IT markets. It seems to be a political stance for the upcoming Japan Upper House election but connects further deep into friction between Korea and Japan history. Insane year for Japan indeed, thank you for your great work and efforts providing new perspectives to the world.

Q: With all that sovereign debt how do you see the future of Japan will be?

HJ Kim

 

ANSWER: Our forecast was covering economics, which then causes political responses. As I previously reported, the Bank of Japan (BOJ) Governor Haruhiko Kuroda publicly stated that it may maintain ultra-low rates for a further period of well over a year. However, he also warned against the idea of propping up the economy through unlimited money or printing to finance government spending.

The Bank of Japan is trapped. Its holdings of the national debt have reached nearly 50%. The BOJ modified its forward guidance or pledge on how it will guide future monetary policy. It stated that current very low interest rates will continue at least until the spring of 2020. Without the BOJ buying government debt, there is ZERO hope that interest rates will rise dramatically and a financial crisis will be in the making. The BOJ will keep rates low for an extended period of time for they have no choice. There is no way out of this nightmare and the real inflationary cycle comes when the majority wake up and realize that the emperor has no clothes, and that means the central bankers worldwide.

There remains a capital flight from Japan and the more they keep these policies up, our model does not show that their economy will recover. We are looking at the absolute low perhaps forming as early and the middle of 2020 but more likely into mid-2021. This will prompt the Monetary Crisis to spark political change.

Climate Change Has been a Routine Scare Tactic Since the 1930s


   

QUESTION: Is there a pattern?

C

ANSWER: For whatever reason, these people have been promoting that the cities will all sink and we are the cause of it all. They have been touting this scenario since the 1930s when there was the Dust Bowl. It resurfaced after World War II when they were trying to stop rebuilding industry and the housing market which had been destroyed. The same argument appeared again in the 1960s when there was a great expansion in housing.

However, during the 1970s when things got colder, everything flipped upside down and then it was global cooling that would destroy civilization. On April 28, 1975, Newsweek magazine published an article in which they sounded the alarm bell and proposed solutions to deliberately melt the ice caps:

“Climatologists are pessimistic that political leaders will take any positive action to compensate for the climatic change, or even to allay its effects. They concede that some of the more spectacular solutions proposed, such as melting the arctic ice cap by covering it with black soot or diverting arctic rivers, might create problems far greater than those they solve. But the scientists see few signs that government leaders anywhere are even prepared to take the simple measures of stockpiling food or of introducing variables of climate uncertainty into economic projections of future food supplies.”

Then TIME magazine’s January 31, 1977 edition had the cover story featuring “The Big Freeze.” They reported that scientists were predicting that Earth’s average temperature could drop by 20 degrees fahrenheit. Their cited cause was, of course, that humans created global cooling. It just seems that humans are so powerful we can alter the universe but cannot manage to create corrupt-free governments.

The difference this time is they have been able to get governments interested on the basis that they can stop it by raising taxes. Canada imposed a $1,000 tax per home to stop global warming. Perhaps the theory is if the politicians get more money they will speak less and reduce the hot air they spout out by yelling the end is near.

I see this as a derivative of the Populationists theory which was instituted by Thomas Robert Malthus (1766-1834). It was Malthus who first published his “Essay on the Principle of Population as it Affects the Future Improvement of Society” in 1798. He published it anonymously, afraid to put his name on it, but he was soon discovered to be the author. Malthus argued that the resources of production would be exceeded by the population leading to real misery.

Malthus’ theory proved to be completely wrong because he too failed to comprehend that there are cycles to everything. He never considered the cycle in technology and how farming has improved from ancient times up to his own time during the 18th century. Of course, food production has more than kept pace with population growth and even the population goes through cycles. Currently, birth rates have been declining. Then there are diseases and plagues that visit our societies, not to mention war, which all combines to thin the herd so to speak.

The climate has ALWAYS moved cyclically. Anyone who dares to argue that climate change is NOTcaused by humans is ridiculed because this is a political issue being used to raise taxes and to regulate human activity by removing ever-greater proportions of our human rights and freedom. Those who attack anyone who denies human-induced climate change are either brainwashed or have a self-interest in the entire scam

Erasing America’s Hot Past


Real Climate Science Erasing Americas Hot past

http://www.realclimatescience.com/erasing-americas-hot-past/

The US used to have many very hot summers, with the worst being 1936. Watch this presentation on Real Climate Science and learn what the government is doing with the data. I have personalty review the same data that was used here and I agree 100% with the conclusions. The planet has gotten warmer which is not surprise as if you live long enough you will experience cool periods and warm periods and we are in the end of a warm period. It will coon be getting cooler and the planet will not melt.

Fixed Exchange Rates Have Always Caused Major Financial Crises


Margaret Thatcher on the ERM Crisis & why even the euro will f

Green Tyranny: Exposing the Totalitarian Roots of the Climate Industrial Complex


Climate change was political long before Al Gore first started talking about it. In Green Tyranny, Rupert Darwall traces the alarming origins of the green agenda, revealing how environmental scares have been deployed by our global rivals as a political instrument to contest American power around the world

All Bob’s Money


Currency Which Expires – That’s the Solution – Or Just Cancel it all?


Back during the Great Depression, there were people who theorized that gold hoarding was preventing economic recovery. There is always this same theory that people who save hoarding their money and are not spending it results in the lack of a recovery suppressing demand. This theory has been around for a very long time. It assumes a recovery is always blocked by people hoarding their money and saving for a rainy day.

Back during the American Civil War, the federal government issued paper currency for the first time after the Revolution. Much of this currency paid interest. Some were in the form of virtually circulating bonds with coupons for the interest payments. Some were backed by gold. Others offered a table on the reverse providing a schedule. The interest baring notes remained valid currency, but the interest expired within a specific time period. Hence, one would redeem the note since it would no longer pay interest beyond a specific date.

The rumbling behind the curtain I am hearing is a growing idea of making the currency in Europe simply expire. I have explained before that in Europe currency routinely expires – even in Britain. The United States has never canceled its currency so a note from the Civil War is still legal tender. But that is not the case in Europe.

Europeans are accustomed to having their money simply expire. This is not limited to paper currency. They also cancel the coins. The proposal being whispered in the dark halls of Europe is that perhaps the way to impose negative rates to force people to spend is to just cancel all the currency and authorize only small notes for pocket change. They want everyone to be forced to use bank cards and this is the new theory to revitalize the economy.

The chart patterns for the Euro are about as long-term bearish as one can imagine. The problem facing the world economy is this idea that they can even FORCE people to spend their savings recklessly as the government does. Canceling the euro may be a drastic and desperate step, but it is being proposed as an alternative to deep negative interest rates which have failed to work for more than 10 years. The middle ground proposes a paper currency with expiration dates.

Either way, the risk of a profound dollar rally remains in the wings. The powers behind the curtain desperately want to defeat Trump for they know he would NEVER cancel the American currency. To pull that off, they need a career politician. Joe Biden would be perfect. He might just sign whatever bill is put before him and then take a nap. It is ironic, but there would be a lot of Americans who would wake up and want Trump bank after that one. Joe would be too tired to tweet.