Ben Shapiro’s take on the wonderful world of Kaepitalism.
Ben Shapiro’s take on the wonderful world of Kaepitalism.
July 4th was fine under Obama for Kaep. Now abhorrent under Trump.
Where is #BlackLivesMatter? Six children have been killed just in the last week to gun violence in Chicago. BLM has been silent. Don’t all black lives matter?
On South Michigan Ave near 116th St, a shrine has been erected in memory of Chicago children killed by gunfire. 100s are inscribed in stones.
We posted a video of Nestride Yumga who pointed out the movement’s hypocrisy here.
Truly tragic. Where is the mainstream media reporting on this?
Have you heard of Liberal privilege?
As we know many Democrat politicians have been pushing to defund the police across American cities. The president of Minneapolis City Council said that having the police is a privilege.
In LA, Council President Nury Martinez demanded $150 million be stripped from the LAPD budget but uses them for her own private security.
Some pigs are more equal than others.
Seems DC Mayor Muriel Bowser caught the ire of local Black Lives Matter (BLM) chapter after she went to the trouble of naming a plaza after the movement. BLMDC thinks the black mayor has historically been on the wrong side of the BLM movement.
BLMDC tweeted that Bowser’s move was a “performative distraction” from her “inaction” to meet the “demands to decrease the police budget and invest in the community…” which was followed up with,
“This is to appease white liberals while ignoring our demands…Black Lives Matter means defund the police.”
Get Woke, Lose Votes
Washington DC resident Nestride Yumga lets rip at BLM protestors for hypocrisy. Be prepared to be blown away. Presented without comment.
While the international press waxed lyrical over the high priestess of woke, NZ PM Jacinda Ardern, standing firm against Australian PM Scott Morrison over the corrosive situation being created by deportation, she ended up revealing her own hypocrisy.
The Australian Department of Home Affairs reported 907 people had their visas cancelled based on character requirements in 2018. 453 of those were Kiwis.
While she may protest that Kiwis that are deported after committing crimes/serving jail time in Australia, Immigration NZ noted that in the past 5 years, 1,040 people have been sent packing from the land of the long white cloud. Most deportees were from Samoa (145 in five years), Tonga (120) and Fiji (113). To think of all the fossil fuels required to send these people back home when she knows their islands are being threatened by rising sea levels (even though they aren’t)!
Oh, and even though the Labor Shadow Treasurer Jim Chalmers may think Jacinda Ardern’s Wellness Budget is something to aspire to, he needs to look at the data which shows Australia is more generous on a relative and absolute basis, so to adopt it would be regressive. Furthermore, it is happy with higher unemployment as a consequence.
Ricky Gervais true to form in forecasting the hypocrisy that will emanate from the 2020 Oscars.
Hollywood has really lurched towards the “woke” genre. Sadly, audiences have little appetite.
Some notable flops in 2019 were:
“What Men Want”
The gender-swap comedy scored $54 million at the U.S. box office. Taraji Henson replaced Mel Gibson, playing a character who can read what men think. The “What Women Want” comedy of 19 years ago racked up $182 million at the domestic box office.
Arguably the most progressive comedy ever made – looking at empowerment, virtue signalling and feminism. It only managed a $22 million haul.
Seth Rogen and Charlize Theron mock Republicans and embrace social justice. Audiences avoided it – $30 million.
Elizabeth Banks, an actress-turned-director told reporters her movie would strike a blow against the patriarchy. Banks said, “Look, people have to buy tickets to this movie, too. This movie has to make money. If this movie doesn’t make money it reinforces a stereotype in Hollywood that men don’t go see women do action movies.”
Tanked with an opening of $8.6 million in the US.
The movie feminizes the already left-leaning Stephen Colbert’s “Late Show” – $15 million box office.
“Terminator: Dark Fate”
Box office grosses for the franchise have been in free fall as it goes down the woke route. Arnie is no longer there to rattle off corny one-liners.
It should appear to Hollywood that movies about real-life stories are the ones that seem to resonate most with audiences – Titanic, The King’s Speech, Argo and A Beautiful Mind. These 4 films grossed $1.04 billion at the box office. It has been 12 years since Hollywood has had a fictional film it chose for itself beat the worst of the 4 movies based off real stories in ticket sales. It has been 15 years since having a proper blockbuster like Lord of the Rings which is arguably pure fantasy and extends to child audiences.
Films are of course subjective. One film one person may enjoy, others may not share the same view. It is interesting though that $100m box offices were a cert for an Oscar Best Picture award til 2004 after which it has been hit and miss since. 9 films in the last 13 have failed to breach $75mn. So instead of Hollywood being so preoccupied with espousing politics, perhaps it should look to the audience it ‘preaches’ to and starts ‘reaching’ them instead.
As Sweden’s economy slows to the worst economic growth rate in 5 years under a negative interest rate policy, one would think the Swedish Central Bank (Riksbank) would be seeking to prudently manage its asset book on the basis of appropriate risk/reward as opposed to lecturing Australia and Canada on their respective carbon footprints. What we are witnessing is yet another discrete move by authorities to manipulate markets based on fantasy rather than fact. The hypocrisy is extreme as we shall discover.
While the Riksbank should have complete freedom in how it wishes to deploy capital, we should view this is a pathetic sop to the cabal at the European Central Bank (ECB). Since when did central bankers become experts on climate change? The RBA is no better. Deputy Governor, Guy Debelle, gave a speech in March 2019 on the risks posed by climate change which based prophecies on the data accident-prone IPCC and Bureau of Meteorology. Why not seek balance? Easier to fold to group think so as not to be outed as a pariah. Utterly gutless. Our own APRA is also pushing this ridiculous agenda on climate change reporting. It is willful negligence.
While it is true that on a per capita basis, Australia and Canada’s emissions are higher than the global average, why doesn’t the Riksbank give us credit for lowering that amount 11.4% since 2000? Even Canada has reduced its carbon emissions by 7.3% over the last 18 years. Admittedly Sweden’s emissions per capita have fallen 21.9% according to the IEA. Greta will be happy.
Why hasn’t the Riksbank taken China or India to task for their 169.9% or 94.7% growth in CO2 emissions respectively? There are plenty of oil-producing nations – Qatar, UAE, Bahrain, Saudi Arabia and Oman that have worse per capita outcomes than Australia or Canada. Do these countries get special dispensation from the wrath of the Riksbank? Clearly.
The US has pulled out of the Paris Climate Accord. If the US has marginally lower emissions per capita (15.74t/CO2-e) than Australia (16.45t/CO2-e), isn’t a double standard to write,
“The conditions for active climate consideration are slightly better in our work with the foreign exchange reserves. To ensure that the foreign exchange reserves fulfil their purpose, they need to consist of assets that can be rapidly converted to money even when the markets are not functioning properly. Our assessment is that the foreign exchange reserves best correspond to this need if they consist of 75 per cent US government bonds, 20 per cent German and 5 per cent British, Danish and Norwegian government bonds.”
Essentially Riksbank commitment to climate change is conditional. The US which is responsible for 13.8% of global emissions can be 75% of holdings. Australia at 1.3% can’t. No doubt sacrificing Queensland Treasury Corp, WA Treasury Corp and Albertan bonds from a Riksbank balance sheet perspective will have little impact on the total. In short, it looks to be pure tokenism. The Riksbank has invested around 8% of its foreign exchange reserves in Australian and Canadian central and federal government bonds. So perhaps at the moment, it is nothing but substitution from state to federal. Why not punish NSW TCorp for being part of a state that has 85%+ coal-fired power generation?
At the very least the Riksbank admits its own hypocrisy.
“The Riksbank needs to develop its work on how to take climate change into consideration in asset management. For instance, we need a broader and deeper analysis of the issuers’ climate footprint. At the same time, one must remember that the foreign exchange reserves are unavoidably dominated by US and German government bonds. The Riksbank’s contribution to a better development of the climate will, therefore, remain small. This is entirely natural. The important decisions on how climate change should be counteracted in Sweden are political and should be taken by the government and the Riksdag (parliament).”
Still, what hope have we got when Benoît Cœuré, member of the Executive Board of the ECB, lecturing those on “Scaling up Green Finance: The Role of Central Banks.” He noted,
“2018 has seen one of the hottest summers in Europe since weather records began. Increasing weather extremes, rising sea levels and the Arctic melting are now clearly visible consequences of human-induced warming. Climate change is not a theory. It is a fact.”
Reading more of this report only confirms the commitment of the ECB to follow the UN’s lead and deliberately look to misallocate capital based on unfounded claims of falling crop yields and rising prices (the opposite is occurring) and rising hurricane and drought activity (claims that even the IPCC has admitted there is little or no evidence by climate change). Sweden is merely being a well-behaved schoolboy.
Cœuré made the explicit claim, “The ECB, together with other national central banks of the Eurosystem, is actively supporting the European Commission’s sustainable finance agenda.”
CM thinks the biggest problem with this “agenda” is that it risks even further misallocation of capital within global markets already drowning in poorly directed investment. It isn’t hard to see what is going on here. It is nothing short of deliberate market manipulation by trying to increase the cost of funding to conventional energy using farcical concocted “climate risks” to regulate them out of existence.
Cœuré made this clear in his speech,
“once markets and credit risk agencies price climate risks properly, the amount of collateralised borrowing counterparties can obtain from the ECB will be adjusted accordingly.”
What do you know? On cue, Seeking Alpha notes,
“Cutting €2bn of yearly investments, the European Union will stop funding oil, natural gas and coal projects at the end of 2021 as it aims to become the first climate-neutral continent.”
All CM will say is best of luck with this decision. Just watch how this kneeling at the altar of the pagan god of climate change will completely ruin the EU economy. The long term ramifications are already being felt. The EU can’t escape the fact that 118mn of its citizens (up from 78m in 2007) are below the poverty line. That is 22% of the population. So why then does Cœuré mention, in spite of such alarming poverty, that taking actions (that will likely increase unemployment) will be helped by “migration [which] has contributed to dampening wage growth…in recent years, thereby further complicating our efforts to bring inflation back to levels closer to 2%.”
Closer to home, the National Australia Bank (NAB) has joined in the groupthink by looking to phase out lending to thermal coal companies by 2035. The $760 million exposure will be cut in half by 2028. If climate change is such a huge issue why not look to end it ASAP? This is terrible governance.
Why not assess thermal coal companies on the merits of the industry’s future rather than have the acting-CEO Philip Chronican make a limp-wristed excuse that it is merely getting in line with the government commitment to Paris? If lending to thermal coal is good for shareholders in 2036, who cares what our emissions targets are (which continue to fall per capita)? Maybe this is industry and regulator working hand-in-hand?
The market has always been the best weighing mechanism for risk. Unfortunately, for the last two decades, global central bank policy has gone out of its way to prevent the market from clearing. Now it seems that the authorities are taking actions that look like collusion to bully the ratings agencies into marking down legitimate businesses that are being punished for heresy.
This will ironically only make them even better investments down the track when reality dawns, just as CM pointed out with anti-ESG stocks. Just expect the entry points to these stocks to be exceedingly cheap. Buy what the market hates. It looks as though the bureaucrats are set to make fossil fuel companies penny stocks.
The beauty of those that wrote this open letter supporting the Extinction Rebellion throws up some very enlightening facts. Read it and weep. Not the letter – the stats.
Perhaps the most hilarious signatory to the letter is 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 of the cabal of 268 academics who believe they have some sort of intellectual superiority over us. If one ever wanted proof of our judiciary leaning hard left, 12% of the people that signed this document were in law-related fields.
Yet, why couldn’t they sign up a majority of scientists in the profession of the very climate change emergency they wish to sanctimoniously lecture us on? And we are paying billions to these schools to educate us? Hmmm.
Many of the woke academia come 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, racism…are you catching the drift of those supporting XR? Even Monash University’s Campus Operations Manager and Telephony Application Administrator signed it! Wonderful individuals but should we hold our educators to such high standards when anyone’s opinion will do?
Eerily, over 90% of the signatories do not appear to be renowned experts in teaching science, much less climate science. Which means, why weren’t the scientists in these universities willing to commit their names to a cause that fits their ideology? Who needs them when one faculty member from Monash University deals with ‘Imaginative Education‘?
61% of the signatories were from universities situated in the Democratic People’s Republic of Victoria. Within that, 65 (more than all those that signed from NSW universities = 63) of those 164 names from Victoria were from RMIT, the school where the lecturer offered bonus points for sending selfies from the school climate strike. Precious little free thought one imagines. Monash had 44. So two universities in Melbourne made up 109 of the 268 Add La Trobe University and half of the signatories are from Victoria. Premier Dan Andrews must be proud.
Tinonee Pym, a research assistant at the Swinburne University of Technology in NSW helped pen,
Undoubtedly this research has only certified climate science credentials at Swinburne University to convince sceptics of the validity of XR.
Southern Cross University was the only group of signatories where the majority had a connection to a faculty related to climate science.
On reflection we should be exceptionally happy these woke academics have opened themselves up to how empty their rhetoric is. The overwhelming majority of signatories are from liberal arts backgrounds. Surely with the aggregate IQ of 268 people they could have realized the flaw in pushing a cause where the qualified people that can prosecute the argument for them are conspicuously absent.
We need a Royal Commission on our education system. The gaping holes in standards are self-evident. This is an unmitigated clown show.