Greenies Are All About the Green

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by Jim Rickards, Daily Reckoning:

There’s a lot going on in the world right now that bears close monitoring. But we can’t forget about the elites’ war on our freedoms.

You’ve no doubt heard about the “Green New Deal” — a set of government proposals designed to fight the “climate change crisis.”

If enacted, these laws would impose radical changes on nearly every facet of society, costing companies billions of dollars while diminishing our standard of living.

But anyone who examines the scientific facts instead of the pseudo-science and phony models knows that these government-mandated sacrifices are in vain.

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The fact is, there is no climate crisis, the ”renewable energy” being pushed on us can’t replace fossil fuels and the policymakers who aren’t willfully ignorant of these facts have something much more devious in mind.

Today you’ll learn exactly why the Green New Deal is actually a Green New Scam, as well as how to position your portfolio for what’s really going on.

The Green New Deal was first proposed by Howie Hawkins of the Green Party, who ran for governor of New York in 2010.

In its current form, it’s just a list of goals for the U.S. government to strive for.

Of course, the centerpiece is to make the country completely reliant on renewable energy sources. But it also covers social concerns like universal employment and health care.

There aren’t many specifics in the proposal, however — most notably, how to pay for any of it.

Still, that hasn’t stopped bits and pieces of the Green New Deal from popping up in various legislation.

For example, the Inflation Reduction Act had nothing to do with stopping inflation, but did devote $1 trillion for subsidies on electric vehicles, solar panels and offshore windmill farms.

And it’s only a matter of time before we start seeing full-blown mandates that will hamstring businesses and reduce our standard of living.

These extreme measures are touted as the only way to end the climate change crisis. But in reality, there is no crisis.

Here’s just a sample of the dire predictions that get a lot of media attention — regardless of what the data says is actually happening.

Surging sea levels will inundate the coasts.

This is false. Sea levels have been rising at the same pace for 100 years, unaffected by climate change or human activity.

The rate of increase is about 7 inches per 100 years — barely enough to get your feet wet in 2121.

Hurricanes are becoming more powerful and more frequent.

This is false. The 2014 U.S. National Climate Assessment said, “There has been no significant trend in the global number of tropical cyclones nor has there been any trend identified in the number of U.S. land-falling hurricanes.”

There is evidence that property damage from hurricanes is increasing. Does this mean hurricanes are getting stronger? Not at all.

It just means that rich owners with subsidized insurance are building mansions on sandbars where they don’t belong. That’s not climate change. It’s stupidity.

Tornadoes are more powerful and more frequent.

This is false. The strength of a tornado can be measured using what’s called the Enhanced Fujita (EF) Scale. The scale starts at EF0 and goes up to EF5.

According to National Oceanic and Atmospheric Administration records, between 1954 and 2014, the number of EF1 or greater tornadoes has been fairly consistent per year, with spikes in 1973, 1982, 2008 and 2011.

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