Politics and Science: Truly the Strangest of Bedfellows

“The urge to save humanity is almost always a false front for the urge to rule.” H. L. Mencken

‘Climate change’ is not new to the biosphere, however, sociopolitical vilification of ‘climate change’ is. ‘Climate change’ is an oxymoron, something akin to ‘cold ice’. Tersely put, Earth’s climate seeks equilibrium through various feedback mechanisms, and transitions between glacial periods (ice ages) and interglacial periods (between ice ages). The past decamillenium occurred in the Holocene era, which was preceded by the Pleistocene era (the last major ice age). Compared to the Pleistocene, the Holocene has been a summer holiday, with temperature changes being comparatively minor and stable. Humans have thrived in this era of comparative warmth. Current trends are perfectly within the Holocene range, with the last major shift occurring when the previous great ice age subsided and ushered in a new trend of relatively stable and interglacial climate change.

There are many factors influencing the climate, predominantly natural, and to some extent, anthropogenic. Recently, catastrophic anthropogenic global warming (CAGW) alarmism has caused the largely irrational and uneducated public to become afraid of the term. Personally, I wasn’t aware that ‘climate change’ was intrinsically ‘evil’. What is the magical temperature we wish the climate to remain at for eternity? Is it currently too hot or too cold? And if so, by how many degrees? Of course this question is truly absurd. To make matters worse, politicians have partially succeeded in perverting science to their ideology. The IPCC and other bureaucratic organizations are interested in the side of the argument that fits the narrative of CAGW, and dare not take an impartial and objective position (bite the hand that feeds you at your own peril!). Skepticism is the process of applying reason and critical thinking to determine validity. On the other hand, manipulating data and forcing results to fit a preconceived conclusion is fraudulent and unscientific. Something more befitting of politicians.

In conclusion, climate science is kowtowing to politics (government research is particularly vulnerable to this, although skepticism needs to be applied to private organizations just as tenaciously). Additionally, scientists are not immune to group think, corruption, cognitive bias, peer pressure, social ostracism, character assassination, threat of funding cuts or termination of employment, and any other social complications that may impair the scientific method. We must respond in kind with a more tenacious, skeptical, and objective mindset. Heavy scrutiny needs to be placed on climate research, particularly governmental climate science propagated by dubious organizations like the IPCC. With great fortitude and honesty, the international community of independent scientists can disprove the assumptions that the IPCC has espoused, and take politics out of science. Religion by and large has been successfully mitigated from corrupting science, it now appears politics has become the new anathema.

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Glass-Steagall Act: Panacea or Just a Single Piece of the Puzzle?

The U.S. and its promissory notes of today are of ghostly contrast to their former utility; a certificate entitling the bearer to gold. Banking certainly revolutionized transactions, and promissory notes of the past did allow the bearers to make payment without transporting around their gold, however, once America divorced the certificate from entitling the bearer to gold, these promissory notes were only worth the confidence that people had in them. Goodbye intrinsic value.

According to textbooks and most professors, central banks inflate the money supply by the money multiplier theory, although I believe the ‘credit creation theory’ is more accurate (the public somewhat still believes in financial intermediation theory, although this is not a surprise as the education system leaves much to be desired in these matters). This chicanery has allowed a privileged few to benefit from the manipulation of the gold price, LIBOR, FOREX, securities, and given birth to the odious and colossal derivatives leviathan. Perhaps this issue deserves some scrutiny? Why do I doubt Bernie Sanders will sincerely take on the money men? Perhaps Andrew Jackson could shed some light on this?

Problems? A class of privileged, rent-seeking parasites that have disproportionate influence over legislation. Central banking and misguided neo-Keynesian economic theories together responsible for pushing America into an abyss of wage stagnation, debt, misadventure, and lost productivity. So, where to now in regard to the federal funds rate? Languishing at 0-0.25 upper bound, there is very little room for monetary stimulus if another crisis were to hit. Perhaps it’s time to bail in the chosen banks with other peoples money? The enormous imbalances created by loose monetary policy, the taxpayer funded bail outs of the insolvent and fraudulent banking establishment, the over reliance on borrowing by issuance of debt securities and debt monetization. The Federal reserve balance sheet of roughly 4.5 trillion dollars, further quantitative easing looking imminent, disingenuous unemployment and inflation statistics. How will Bernie Sanders fix this utter nightmare? Tax increases and the reinstatement of the Glass-Steagall Act? If you open your door, you may hear my laughter echoing from the other side of the planet?

The problem facing America is beyond the Democrat-Republican voting paradigm. The obsession with political correctness and partisanship has restricted public discourse, and left the intelligentsia divided and cowardly. An unknown portion of them live in fear of character assassination, social ostracism, termination of employment, if they dare stray from the sanctioned and popular narrative propagated in the media, popular culture, universities, and government. The dumb majority are not capable of rational thought, and are defenseless against the fallacious rhetoric of their leaders. Is Bernie Sanders really seeking change, or merely rearranging the deck chairs on the titanic?

Your three branches of government are compromised. They are concerned solely with their career, and their contemporaries. Is it any wonder there are so many parasites sucking the life blood out of the USA? It is amazing it hasn’t collapsed already. I put this down to having the global reserve currency privilege, an expanding central bank balance sheet, and a population of despondent, docile, apathetic, indifferent, corrupt, celebrity worshiping imbeciles, still unaware of the crisis they are in. If people are not interested in educating themselves, if they refrain from challenging their abilities to critically think and analyze the fallacious rhetoric of their democratically elected leaders, then parasitic rent-seeking elites will continue to wield disproportionate influence on legislation, and finance both sides. Imagine if Greece had the world reserve currency and their own central bank free to expand its balance sheet like the Federal Reserve does?

How are these S&P500 companies borrowing the credit to buy back their stocks? Has it anything to do with the Federal Reserve and its interest rates? Like the PBOC in China, the central banks are fighting the market to keep the ponzi scheme afloat. The BOJ is the main purchaser of Japanese treasuries. The FED may purchase debt securities, mortgage backed securities, it may participate in the naked shorting of the gold futures via proxies in JPM. Is anyone still in denial that we have allowed financial cartels to dominate and enact such ruinous policies. We are being extracted. Power and control isn’t Republican or Democrat, it is above politics.

Since the dumb majority are content to distract themselves with television, sport, alcohol, or whatever, and the intelligentsia have lost their balls in the guillotine of political correctness, is it wrong that I have decided to take pleasure from watching the show come crashing down, and the pursuant nightmare that will follow? Humans aren’t that great at identifying slow-moving disasters, it needs to be fast moving and direct.

Which populist demagogue will be elected next?