The Extinction Rebellion, formed in 2018, appears to be an extreme anarchist group that is using climate as an excuse to overthrow governments. Climate change has become a movement that advocates a hostile takeover of the world economy to end capitalism. This movement of climate protestors in Britain known as the Extinction Rebellion has a very subversive agenda. Their agenda is in line with the Green New Deal in the USA, which is deeply rooted in political extremism or what we might call today eco-socialism which is very anti-capitalism. It is clear that some on the fringes of the movement might at some point break with organizational discipline and engage in violence/terrorism as a justification for public protest to bring about change.

What is very interesting is the fact that there is obviously a movement using climate change as the excuse to impose socialism and overthrow capitalism. Alexandria Ocasio-Cortez’s (AOC) Green New Deal, and how the world will come to an end in just 12 years, has been using climate change to overthrow capitalism. Even if this were a real threat, there is no possible way to end all automobiles and air traffic in 12 years to save the planet. Tucker Carlson took on Robert Hockett, who advised Alexandria Ocasio-Cortez on the Green New Deal. He managed to get him to admit that the world will not end in 12 years. He admitted that they are using climate change to overthrow the entire economy.

COMMENT: Regarding: California Economy Declining Significantly
In the Netherlands (Europe) the same. Gas not allowed for new homes. Now new homes are more than €50000 more expensive (not the same climate as California). Existing homes will also be forced from gas to alternatives by 2030 which the government will try to enforce with sneaky planned laws ( which the common people not have noticed yet )

KP

REPLY: Natural gas is the cleanest fuel and it is cheap. It is really amazing how these environmentalists want to force people into electricity, and then come up with a way to block that somehow. This is all about stopping population growth. What’s next? Are they going to support wars to create genocide to save the planet

California is the center of the far left which takes the position that even undocumented aliens can hold a position in government, they support sanctuary cities, and of course, they are the major movement in the New Green Deal initiative. Berkeley, California banned natural gas which is a clean fuel requiring homes to be powered by solar and electricity, that is normally twice the cost of natural gas. Then they hired a guy to enforce it and gave him a salary of  $273,341 annually to start – plus pensions.

The state is mandating that beginning next year, every new home must be fitted with solar panels, raising the cost of a new home by at least $10,000. Higher home prices, higher electric bills, fewer choices are hoped to reduce population growth. The claimed logic behind the Berkeley ban maintains that they can help the planet and reduce carbon emissions by eliminating natural gas and switching to electric heating and cooking. This is erroneous since the electric grid is powered predominantly by fossil fuels. The state prides itself on having very little coal use, but it imports electricity from neighboring states like Utah and Arizona where it is generated by coal. The scam is to buy electricity from other states displacing the emissions from California and pretending they are a “Green” state, provided you do not look too close.

The environmentalists are now pushing 50 other cities to follow the lead of Berkley.  It’s no wonder families are fleeing the state, and that California is led only by New York in out-of-state-migration. The worst of all is who can migrate. During the Panic of 1893, President Grover Cleveland made a critical observation. Raising taxes hurts the average person for the “rich” can leave and export their wealth. The average wage-earner cannot export their labor. All the studies show that people who earn more than $1 million a year are much more likely to migrate than any other class. Even the Governor of New York Governor Andrew Cuomo has made the same observation and warned that raising taxes on the rich only results in their migration from the state.

California’s economy looks like that of France or Germany whereby the peak in economic growth was 2000. We can also see that the last peak was 2015 perfectly in line with the Economic Confidence Model. The long-term projections for California are actually lining up with the European Union and this seems to imply that the adoption of such socialistic policies that ignore economics is detrimental long-term. Even CALPERS, California pension system for state employees, was directed to invest in “green” projects for political reasons and lost. They have been trying to cover-up their politically correct investment decisions.

QUESTION: Marty, wasn’t the Dust Bowl the worst heatwave in history?

DL

ANSWER: Yes, you are correct. Despite the hype this weekend, the heatwave is nowhere near historical records. The peak was the 1930s which created the Dust Bowl. The agenda is clear and these people will use every heatwave to end civilization as we know it. We even have AOC claiming we will all die in 12 years unless we surrender all cars and airplanes and stay home and just read books because even the TV and internet require power generation.

These people have put out a warning using this weekend’s heatwave.

We must act decisively to cut
heat-trapping emissions to defend
ourselves against a gravely hot future.

Their Report: killer-heat-analysis-full-report.pdf

QUESTION: Mr. Armstrong, in relating your comments on weather and how the winters will spike to record cold and then the summers will spike to record highs, is this the same as a panic cycle in markets?

HC

ANSWER: Yes. Our computer looks at the weather the same as it does with the price in a market. Patterns emerge and you can understand the causes ONLY by correlating the trends with everything else. This is indeed a Panic Cycle where we exceed the previous high and penetrate the previous low. This coming weekend will see temperatures break 100 in the Northeast. I have lived in New Jersey and there were plenty of summers where we have days at 103. This is NOT abnormal. What is abnormal is the volatility how we can go from a winter where it was colder in Chicago than it was in Antarctica and then we break the record highs in July. It is the VOLATILITY – not the empirical level of temperature we should be paying attention to