#climateemergency

Never let a good crisis go to waste even if you have to trespass

Senator Kamala Harris and California Gov Gavin Newsom took the opportunity to do a photo shoot on the property of a family who lost their home to the devastating wildfires.

This is what Trampas Patten, son of the owner, had to say:

For the friends of mine that don’t recognize the fireplace in the background, that is what is left of my parents house! What has me really frustrated right now is the fact that these two politicians used my parents loss for a photo opportunity to push their political agenda! Political party wouldn’t have made a difference in this moment. Decent human beings that have character and class, wouldn’t air someone else’s misfortune on national television! Think about this when you go to the polls in a few weeks to vote. Look at this picture closely, imagine it is what is left of your hard work, hopes, dreams, place of sanctuary. Do you want this kind of leadership, using you and your loss for political gain?! For the record, my parents haven’t even been let back in yet themselves, to sort through what is left of their lives, but these two felt the need to go traipsing around my parents property without permission. I guess those property taxes my parents pay allow politicians to do this! Private property doesn’t exist in California anymore!

His sister Bailee chimed in with:

Dear Governor Newsom you don’t know me but I’m one of your CA citizens. That truck you are standing by is my dads work truck. He has had that thing for as long as I can remember. That land with all the rubble your standing next too, that’s my house I grew up in. You never got my parents permission to go on our property, nor did you ask if we needed help. What you did do is take my families loss and parade it all over social media and news networks to push your agenda. That agenda can wait, right now you should be caring about the families of this state. Thankfully this community is #mountainstrong and we will thrive.

When it is all to push a climate change agenda in media approved Timberland boots, who cares about those affected? Facts don’t matter. Fashion and fashionable causes not supported by the facts do.

California fires weren’t caused by climate change but…wait for it…

…Gender reveal fireworks.

There is a deep sense of irony when the climate change myth is dispelled (as written before) as the cause of devastating wildfires that some other form of woke activity ends up being behind it.

The San Bernardino Fire Department issued a press release confirming that gender reveal fireworks had been behind the wildfires which have caused 3,000 residents to evacuate their homes.

UN to hire young climate leaders to advise on climate action

UN Secretary General António Guterres has announced a new group of youth climate leaders, aged 18 to 28, to advise him on climate action.

Never mind using facts and logic. Forget getting the brightest minds with decades of experience to objectively look at the data. Just hand pick brainwashed kids who will parrot whatever is required by Dear Leader.

Can you imagine the amount of group think? Why bother having meetings at all? Will Guterres get any dissenting voices? Not on your life.

We guess that after all of the decades of doom and gloom forecasts made by the IPCC, next to none of which got even close to the mark, it is best use kids as human shields to peddle the nonsense because it is not cool to attack them.

Why stop at climate change? Perhaps they should be advising WHO? After all Greta Thunberg is a renowned expert on coronavirus and it is fair to say she couldn’t do a worse job that Dr Tedros has done so far. Come to think of it, where is Greta?

Sydney Lord Mayor thinks we’re stupid

Lord Mayor Clover Moore proudly tweeted the City of Sydney went 100% renewable energy.

Shame 87.3% of the state’s electricity came from coal on the day of that announcement. Or is that how it works? Calculate the total energy consumed in Sydney and claim that any renewable energy across the state of NSW was hers?

Zali Steggall MP back to Roadmap to Zero failure

The great thing to know about our local MP Zali Steggall OAM is that she clearly equates success with pitifully low numbers, presumably a carry over from her skiing days where the law of cutting time was paramount.

Yes, 895 households in Warringah have signed up to the Roadmap to Zero initiative which she believes is “so many“. It equates to a little over 1% of all households. That means the other c.99% of households clearly don’t give a damn.

She should take a leaf out of the cancel culture playbook and start publicly shaming Warringah households for their lack of compliance as they drop their kids off to school in top of the range Range Rover SUVs.

The wonderful feedback she provided includes cafes that have found innovative ways to allow people to use keep-cups during COVID19, endorsed by the equally woke Northern Beaches Council (NBC) which falls in her electorate. Most people would prefer a limit to the spread of coronavirus by putting up with disposables for the meantime until it is all gone.

We noted the pointless efforts made by the NBC here. It declared a climate emergency where its commitments…wait for it…hammered home a mammoth 0.000000000699857% CO2 saving! Yes 9 zeroes.

The largest irony for us was the cover of the NBC 2017/18 annual report which featured a Yamaha VX Waverunner. It has a gas guzzling 3-cylinder 1049cc engine. It gets 9mpg which would be at the absolute bottom on economy per unit of engine capacity across all NBC fleet vehicles.

Way to go with the virtue signaling! With floundering successes like that, who needs failure?

The most spectacular own goal in history

We can’t think of a bigger own goal. The Guardian newspaper is no stranger to woke causes and pushing all the left wing social causes. Slavery is a definite no-no.

So we wonder how the BLM cheerleading rag can explain away its history. The paper’s founder, John Edward Taylor used profits from a cotton plantation that used slaves to establish the paper in 1821.

In 1844, the paper is claimed to have demanded its cotton workers be forced back into work to fund it.

As the US Civil War wager the Manchester Guardian sided with the southern Confederates against President Lincoln, the liberator of slaves.

The only noble thing to do would be to shut the newspaper down in line with the beliefs of all of its journalists. A petition is already up and running. You can sign here.

Naturally, the left will overlook this troubling history. If The Guardian wants to support BLM, tearing down statues and all the other pet causes of the left it should practice what it preaches.

Hijacking a pandemic for publicity

Here we go again.

600 and counting “behavioral scientists” have co-signed an open letter to the UK Government to express their concerns over the Coronavirus response.

Spend a few moments going through the excel file of signatories and it is a random walk. Professors in psychology, PhD students in statistics, undergrads in law, economics and engineering. Many from the University of Warwick. Presumably someone hung around the student refectory to get anyone to sign it.

It wasn’t so long ago that we had a bunch of smug psychiatrists who told us Trump wasn’t mentally fit. The lead claimed she was a member of the World Mental Health Council. Big name with 6 digit membership, right?

For reference, the American Psychiatric Association has c. 38,000 members. We could be easily led to believe the WMHC had multiples of that. Sadly not. It has a total of 37. Yes, thirty-seven. Given the World Psychiatric Association represents 200,000 members worldwide, we can get a fair idea of how much ‘pull’ WMHC hasn’t.

Or the 11,000 supposed scientists who co-signed a letter on climate change only to be caught with Mickey Mouse, Araminta Aardvark and Albus Dumbledore among the names. Precious little due diligence to ensure it had credibility.

Or the 268 Aussie academics who endorsed Extinction Rebellion. Perhaps the most hilarious signatory to the letter was Matthew Flinders of Flinders University. Unless the university website has another Matthew Flinders listed as an active member, our esteemed explorer seems to have navigated his way back to life…simply adding to the total lack of credibility.

Eerily, over 90% of the signatories did not appear to be renowned experts in teaching science, much less climate science. Many of the woke academia came from fields such as stand up comedy, poetry, arts/education, sports management, archaeology, LatAm studies, sex, health and society, social services, veterinary biology, culture, gender and racism. Can you feel the bias?

Or the other open letter to The Times co-signed by “businesses” who supported Extinction Rebellion in the UK. We attached their own published business models in distance of each HQ from the protest epicenter. It’s easy to say how woke they are about impacting local businesses when you’re nowhere near the problems.

When will this vacuous virtue signaling stop?!

Central banks use coronavirus as a convenient cover-up

Image result for death by 1000 cuts

Where would we be without central banks? The Reserve Bank of Australia (RBA) has trimmed another 25bps of the cash rate to 0.5%, an all-time low and the fourth cut in 9 months.  It is amazing how central banks can shape-shift from climate scientists to doctors.

Given the recent three rate cuts were unrelated to coronavirus and have failed to stimulate the economy as hoped, the pandemic has allowed the RBA to continue its limited ammunition under the context of rescuing us.

We aren’t supporters of ever more rate cuts, truth be told. Yet if central banks want to keep the disco ball spinning, why bother with a sissy 0.25%? If the RBA wants to jolt the economy back to life it would have been better to go straight to zero. Show the markets they are serious rather than drip-feed to the inevitable.

No doubt we will get the usual song and dance from politicians goading banks into passing on the full rate cut to customers. This time banks will probably fold on the back of the Hayne Royal Commission even though the truth is their funding costs won’t fall by the full amount meaning profit will be forgone for the sake of keeping up appearances.

Think through the logic. Last month, China PMI plunged to 35.7 from 50 in January, the lowest reading since January 2005  38.8 during the 2008 Global Financial Crisis.

Australia’s next economic print will be awful. Pushing through a miserly 0.25% won’t put a spring in people’s step unless they see a cycle. Personal credit growth is negative and at levels not seen since the GFC. Housing and business credit growth are at 6-yr lows. Money velocity is slowing. Business investment is at 1994 lows. Nothing to see here.

The economy needs proper industrial, structural and tax reform. After 28 years of untrammelled growth, Australia needs to realise that the complacency bred over that period will come back to haunt if we don’t wake up from the sleep walk.

As Jonathan Rochford of Narrowroad Capital said,

“When it comes to central banks, I would prefer to believe it is a combination of groupthink, an unwillingness to take career risk by speaking the truth and a willingness to either ignore or disregard counter-evidence that has resulted in the detrimental decisions since the financial crisis. However, the increasing amount of evidence, often produced by central banks themselves, points to central banks being more culpable than gullible.”

Don’t believe the hype. Coronavirus has given another excuse to cover up failed central bank policy alongside climate change green swans.

When climate alarmists start trusting bankers

If global warming alarmists ever wanted to pick an industry as steeped in unreliable forecasts as climate scientists, one would find it hard to beat investment banking. Having been in that industry for two decades, the list of woefully misguided and poorly researched puff pieces is endless. There is a reason global banks are trading at fractions of their former peaks. They don’t add much value and most never picked the GFC of 2008. If they were smarter, greed wouldn’t require recessions.

Never mind. When JP Morgan economists are portending climate doom, why not hitch them to your global warming wagon? There is a kind of conflict of interest. Evil, greedy fat bonus paying tax avoiding corporates preaching virtue on climate.

By the way, you won’t find a research analyst who believes they don’t deserve air travel at the pointy end and luxury limousine transfers to and from the airport.

Yet they are aligned with the hypocrites at the Bank for International Settlements (BIS) which told us at the 1500 private jet junket at Davos that it’s central bank members are “climate rescuers of last resort.” This despite their monetary policies having played a major part in fueling overconsumption via the debt bubble. Ultra low interest rates will ultimately have a profound effect on carbon emissions – a global economic crisis of epic proportions which won’t require one wind turbine or solar farm to achieve. They’ll save the climate by destroying the wellbeing of so many in the process.

On the one hand, JP Morgan can now claim some kudos for allowing such free thinking which isn’t at the behest of the investment banking team.

Maybe it’s worth pointing out that most banks keep meticulous (but useless) data on the readership of such reports. Much like the media chasing advertising dollars through clickbait, research analysts strive for internal point scoring to boost their year end review chances to push for bigger bonuses to their excel spreadsheet obsessed line managers who look at quantity, not quality. So if a warmest piece can create noise, irrespective of the quality of the content, then that serves a purpose for internal bosses.

Such has been the hollowing out of investment banking research teams, the last remaining life jackets are in short supply. It was only last year that Deutsche Bank closed its entire global equity platform. While regulation is part of the problem, there is simply very little value add to convince clients to pay for.

While the report supposedly chastised the bank’s lending of $75bn to the fossil fuel industry, in a world of ESG, which puts ideology ahead of risk assessment, JP Morgan can now claim it has seen the light so it can hopefully fool green tech companies in need of cash that they are worthy environmentally friendly financiers. This will also give the public relations team a welcome talking piece to the media and ESG retirement fund managers that they practice social responsibility.

Back to the report. On what pretense do the JP Morgan analysts have for the climate crisis threatening the human race? Citing the IPCC (where scientists have slammed the processes which prioritize gender and ethnicity over ability and qualification) and the IMF (which couldn’t pick economic growth it it tried) are hardly the sort of data one would gladly source as gospel to compile a report.

It seems everyone is an expert on climate change nowadays. Central banks, ASIC, APRA, RBA, the Australian Medical Association and now investment banks. As we pointed out earlier in the week, where were the scientists who made a b-line to speak at the National Climate Emergency summit in Melbourne? That’s right 2/3rds were activists, lobbyists, left-wing media and academics with no scientific background.

You know when alarmists are channeling bankers, that they are running out of credible evidence. Even worse, most banks have an uncanny ability to act as contrarian indicators.

We can be sure that a whole lot of malinvestment will continue thanks to governments trying to declare emergencies to justify infrastructure spending to replace sensible business friendly structural reforms that would have a far better chance of keeping them in power for longer.

In closing, it seems even the media has lost faith in investment bank research, choosing to channel NY Mets baseball pitchers for commentary on stocks instead.

Extinction Rebellion Australia commits fratricide

FNF Media commented on XR Australia’s (XRA) FB post which praised Russell Crowe‘s video on climate change and how we all needed to do our bit. We merely suggested that Hollywood lead by example rather than give them a free pass by highlighting the cause. We suggested Crowe force players and coaching staff of the South Sydney Rabbitohs (where he is an owner) to commute to training by bicycle, play only during the day and attend away games by public transport if he was to live up to his words.

Initially, the early XRA gatekeepers made a polite response to say Australia was the highest emitter of GHG/capita globally and 10x the global average. We pointed out Australia was 13th and only 3.5x the global average and suggested XRA correct their error. They did not. We thanked them at the very least for refusing to be feral.

Sadly the XRA bodies that assumed the night watchmen role decided to delete the discourse of FNF Media. Why?

Simple.

Many of the XRA supporters threw praofanity laden comments to FNF Media’s data driven responses using sources that they themselves often view as gospel (eg IPCC, World Bank, IMF, USGS, IEA etc) with ad hominem attack after another. All points were refuted with data and polite discourse but rebutted with personal attacks. We expected this.

Sadly. XRA deemed the amount of triggered followers and bile spewed without a single data point being offered to refute FNF Media that they deleted us.

We wear it as a badge of honour because there was nothing but “follow the science” type angles and put downs. Unfortunately if any comments are made which refutes the narrative, they play the man not the ball.

Unfortunately, one person that called FNF Media out for questioning a response to another XRA follower eventually criticized XRA for censorship. They have since left the cause. Their response is at the top.

Once again, when the argument doesn’t stack up, deleting dissenting voices is all that is left. Sadly they abandoned their own followers in the process.

Typical.