#UN

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?

You’ll never guess WHO supports the letter urging a green recovery

Criony

Thomas Sowell once said, Those who cry out that the government should ‘do something’ never even ask for data on what has actually happened when the government did something, compared to what actually happened when the government did nothing.

According to an open letter signed by 200 bodies representing 40,000,000 health workers The Guardian penned,

Chief medical officers and chief scientific advisers must be directly involved in designing the stimulus packages now underway, the letter urges, in order to ensure they include considerations of public health and environmental concerns. They say public health systems should be strengthened, and they warn of how environmental degradation could help to unleash future diseases.

Who knew?

What better way to cash in on a pandemic by claiming outrageously false representation of members in an attempt to secure funding grants. The irony of this pandemic is that it has exposed the very authorities – who we dare not question – as amateurs in the very fields they claim expertise.

Perhaps we should ask ourselves why the revenue growth of the RACGP far outstrips that of the AMA? Should the AMA question why its membership has fallen from 95% of doctors to around 26% as it has taken on the role of a climate and social justice activist rather than the RACGP’s approach to be an advocate for better health?

How many of the 40 million health professionals described above believe the orthodoxy? It is bogus to say all followers willingly endorse what these membership bodies make blanket claims about.

Perhaps we should indulge the medical and scientific communities’ request by benchmarking their supposedly superior predictive powers against their howlingly inaccurate models produced during the coronavirus which have undoubtedly done more harm to the economy than good. Take Australia. We were told 15 million may be infected and 150,000 could die. The result to date. Less than 7,200 and 100 deaths. So much for listening to the professionals.

If we are to listen to intellectually superior academia in these fields, should we just accept the Australian National University’s latest plan to have climate change listed on death certificates?

Taken to its logical conclusion, this is an ideology speaking, not science.

We have already had decades of research to support just how flawed climate science models have proven. None of the catastrophic claims of being engulfed by rising sea levels or having to tell our kids they’d never see the snow has happened. Even hardened environmental activist Michael Moore concedes the ridiculous extent to crony socialism behind the green movement.

In February we documented the story of the National Climate Emergency Summit held in Melbourne. The mainstream media led us to believe that the best of the best scientific minds congregated. We pointed out that the list of speakers was largely devoid of scientific experts. 40% were activists, 16% were from the media, 12% were politicians, 11% were academics, 4% high school students and 3% doctors. Biased much?

Yet we have seen this type of shallow content activism before, especially with respect to open letters.

We reported that 268 Australian academics cosigned an open letter supporting the climate activist group, Extinction Rebellion.

While the content was predictable, the statistics were anything but convincing. We noted,

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 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.

“…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‘?…”

What has been happening in practice? Mexico has already announced that renewables subsidies are out. It has recognized that intermittent energy has no place in rebuilding the economy in a post-pandemic world. Alberta’s energy minister Sonya Savage said with respect to the Trans Mountain expansion project, “Now is a great time to be building a pipeline because you can’t have protests of more than 15 people…” Actions, not words. 

Which brings us back to the point of blindly submitting to expert opinion which is little more than brazen activism.

The World Medical Association (WMA), the International Council of Nurses (ICN), the Commonwealth Nurses and Midwives Federation, the World Organization of Family Doctors and the World Federation of Public Health Associations, as well as thousands of individual health professionals, have signed this letter. 40 million others have not.

The proof is in the pudding. If the WMA  believes what it signed so strongly, why isn’t it included in its press releases as we publish? Admittedly it has upped the statement on its Twitter page to the 12,900 followers, a microbe in comparison to its supposed flock of 10 million physicians it represents. The ICN – which claims to represent 20 million nurses made it all too clear as to why we should dismiss it entirely – the WHO supports and promotes the letter. One wonders whether experts from the Chinese Ministry of Propaganda helped in its drafting. Afterall, China would be the biggest beneficiary were governments to fall into line.

Bes sure to read the quotes from the experts here.

UN adds value to the coronavirus crisis

No photo description available.

You know we must be close to conquering coronavirus for the UN to returning to this type of non-gendered language nonsense. Nothing like a bit of identity politics to help those who face stark economic hardships feel better knowing that while they have lost their jobs and homes they can rest assured that verbal dignity will be upheld. Perhaps those who are outraged at Trump’s ultimatum to defund WHO might look to this type of garbage and question why so much money goes to the UN as well?

EU commissioned pandemic comic book scarily accurate

Infected

In 2012, the EU commissioned and published a comic book titled ‘Infected‘. It tells the tale of the magic of unelected globalists saving the world from a pandemic. It is eerily close to what we are experiencing today, apart from the fact that unelected globalists have bungled the response as evidenced by the resignation of the EU’s top scientist who criticised Brussel’s response to the Covid-19.

On page 3, the comic starts out inside a lab in China experimenting with deadly pathogens which have no cure. We are assured in the following pages as to the security, safety and surveillance measures in place to avoid any outbreak of a virus.

On page 5, a time traveller goes back to warn them of the catastrophe in the future caused by a pandemic. He seems to be wearing a suicide vest which actually holds vials of the vaccine which can save the planet.

On page 11, evil capitalists look at ways of exploiting the virus to profit from a pandemic. One individual working with an underworld group wants to sell the vaccine to the highest bidder among pharmaceutical manufacturers. He guns down the armed escort holding the captured time traveller (who was time warped inside the secure lab) to get hold of a test tube so they can sell it for mass manufacture.

On page 20, the comic sets the scene of an interview with the UN Special Envoy on Influenza, Pandemics, Food Security and MOI, Mr De La Mancha in a wet market in Asia. He tells a group of reporters that we can trace the origin of most pandemics back to animals which are then spread unknowingly by people jet-setting around the world.

Our fearless UN envoy is suddenly attacked by a monkey who scratches  his skin and infects him. Hours later he starts seeing the effects of the virus from his hotel room. De La Mancha knows he must ‘self-isolate.’ Unfortunately, before he could do so so it spread to the camera crew and journalists who flew home.

On page 35 our time traveller tells de la Mancha’s assistant, Chang Wenling, about the future where the media reports that the international health organisations failed to act quickly enough to prevent the spread.

On page 37 the comic book tells of how self-isolation led to depression and that after years of lockdown people started to break the law and meet up with each other.

Chang and the time traveller fly to Asia to find de la Mancha to give him the vaccine and he is saved. He reports back to the globalist bodies to convince them of his recovery. The globalists at the EU and UN then pat themselves on the back and talk of ‘One Health’ and the importance of it.

The High Representative for Foreign Affairs & Security Policy says to the journalists assembled,

One Health belongs to its actors and builds upon existing capabilities and resources: key political actors, UN technical agencies, the World Organisation for Animal Health, regional bodies, academia, development partners and others. Its success will depend on flexible networking…

One journalist questions the additional burden on the EU taxpayer. She replies,

One Health is not about adding an additional layer of external actions – which would indeed require additional funding. It is basically about working for health in a more integrated way and thinking differently at the policy-making and planning stage.

The comic ends with virologist Chang falling in love with the time traveller. She is heartbroken with the prospect that he must return back to where he came from soon only to learn that it was a one-way journey and that he’ll die before he was born. They embrace and kiss.

How strange that fiction in 2012 has turned out to be so real. Had the EU commissioned this comic in 2018, we can be assured the comic wouldn’t have been approved unless the time traveller had been non-binary asylum seeker instead of a a blonde haired, blue-eyed white hetero toxic male. Don’t scoff. Marvel Comics has already headed down the path of identity politics with its latest characters, Safespace and Snowflake.

Forget what Trump says. Just pay attention to the restless natives

Investor: Peasants Will Be Out With Pitchforks if We Don't Start ...

Unless Joe Biden runs with Michelle Obama as his VP, we still think Trump gets reelected in an electoral college and popular landslide. Yes, we can hear many laughing out loud. We are used to it as we were when we said he would win back in 2015. For all of the same reasons, only amplified. People are tired of the status quo.

Up until the time of the State of the Union speech in February this year, it felt like his second coronation was a formality. Nancy Pelosi knew it when she tore up his speech. Has coronavirus really changed all that?

The prevailing sentiment perpetuated by the mainstream media is that Trump’s catastrophic bungling of coronavirus will kill off any chance he has of winning 2020. To think that Joe Biden is the mouth-watering alternative despite having served under a president whose policies were repudiated in 2016 by the electoral college.

FNF Media thinks that Americans are pragmatic people when push comes to shove and that American exceptionalism is a good thing. They want the dream. They don’t live to be stuck in poverty assessed welfare. Sure, we non-citizens can scoff at their right to bear arms or hosting World Series which exclude other nations but ultimately we don’t get a say. That is a matter for them. If they don’t like it, it is up to them to change their government to fix things. Trump would never have been elected were it not for decades of failed administrations who didn’t deliver that gave birth to him.

Despite all of Trump’s often ridiculous bluster during the coronavirus outbreak, none of it was out of character for the last 3.5 years. The mainstream media has beamed more deranged coverage than ever. People have become numb to the constant drone that they hate him, especially when he trolls them with their own hypocrisy. Let’s be clear, were the likes of CNN truly resonating with the masses, the ratings would reflect people attuned with the rhetoric. This is simply not happening. In fact, the opposite.

Sadly during this crisis, Americans have seen the utterly shameless exploitation of their livelihoods by the ugliest partisan politics seen during any crisis of this scale. They see straight through the pork barrelling. Do liberal-leaning citizens honestly believe that gender diversity on boards and airline emissions regulations are ‘must have’ pieces of legislation in order to pass a $2.2 trillion rescue package designed to protect them? Do they believe a $250 billion supplemented boost to small businesses to support the income of workers should be held back until more identity politics driven data collection is fast-tracked? When people see Nancy Pelosi parading her $24,000 refrigerators filled with $13 a pint ice cream punnets on late-night TV they aren’t amused. 

Is it any wonder so many more Americans are taking to the streets to protests the lockdowns imposed by the states’ governors? As we pointed out in the COVID19 data, those infected and those who tragically met their fate from this deadly virus are relatively minuscule. More and more Americans are seeing this. Very few of us know anyone who has caught it outside of a few celebrities and the UK PM. This is why social distancing is fraying nerves in American households. They can’t easily quantify what is going on using their own experiences.

If anything, these protests point out that Americans are still happy to play the risk/reward ratio if their economic security can be maintained. America hasn’t fluked being 25% of the global economy on 5% of the world’s population for nothing. They would chance contracting coronavirus if that meant being able to feed their families.

Which brings us to China. Trump’s political and media enemies may have cuddled up to China since he took office, but the shambolic WHO response to this crisis and the misinformation emanating from the communist propaganda apparatus will rile 22 million who are on the unemployment queue. More and more Americans can see through an Ethiopian Marxist WHO chief appointed by a Portuguese socialist both serving the communist dictatorship with a president for life.

This activity is red meat to Trump’s base and he knows it. He doesn’t need to say anything. It is becoming self-evident.

Suspending funding for WHO was the right thing to do. WHO is a failing bureaucracy in desperate need of reform. What is the point of funding a body that is supposed to have independence enshrined in its charter when in reality it runs strict political agendas geared to the whims of its ideological brothers in Beijing?

How many leaders of other countries are throwing up two fingers at China in the face of all the revelations about when they knew and how they covered it up? Macron? Merkel? Trudeau? Crickets.

Trump is almost alone in publicly smashing China’s complicity in all of this. Governments around the world may be staying mute over China’s deceit but we can be assured this is not lost on the peons. They have had enough of staying at home. They are sick of facing oppressive sanctions imposed by those they voted in.

The media can sell this as xenophobia or any other form of identity politics but the fact is Trump’s 2016 campaign warned of China. He spoke of bringing jobs back. He spoke of being screwed over on trade with China. He was right.

We all know many Americans are hurting. They want prosperity returned. While the media conflates his term as merely sorting out his billionaire 1%ers, the reality is he has helped the Bottom 50% by a much larger margin. They will know this lived experience, which in politics will ultimately be the most important factor. Trump’s bluster won’t matter. His record up until coronavirus kicked off will.

The Federal Reserve Bank of St. Louis (FRED) reported the net worth of the bottom half of the population was $1,070,183mn at the start of 2017. As of the third quarter of 2019, it was 1,668,034mn. That’s an increase of 55.86%. The Top 1%, had $29,955,829mn. In 3Q 2019, it was $34,533,370mn, or 15.3%. Under Obama, net worth for the Bottom 50% declined from $1.7 trillion in 1Q 2009 to $1.1 trillion, down 35% over his two terms. Democrats should be outraged that the ultra-wealthy did much better under Obama with a 100% gain in net worth under his term vs the paltry 15.3% so far under Trump.  Source: FRED Top 1% and Bottom 50%.

This might explain why the “forgotten” wanted large scale change and will continue to support those who can facilitate it.

All coronavirus has done is exposed the despicable bile of partisan politics. Witnessing a concerted effort to remove Trump in the midst of an untold financial tsunami will not sit well with people. This isn’t about partisanship. They will want someone that can deliver. If it comes with all of Trump’s vulgarity then so be it. After all, a man that can win an election with ‘p*ssy grabbing’ on the ticket can produce miracles.

So there is Trump’s election strategy in a nutshell – “China, China, China!”

Good luck with Joe Biden telling Americans that President Xi has America’s best interests at heart! How can he say this when his former boss was not greeted with red carpet, a mobile stairway or a welcoming committee of important dignitaries on his final state visit to China?

Forget the polls. Forget the media spin. Coronavirus has hit the raw nerve of patriotism and the one person who is accused of constantly lying will be the only one speaking the truth. Americans are at a crisis point. Best not question their loyalty to Old Glory.

We may hate the idea of a new cold war but that is up to Americans to decide. We are at their mercy. Ultimately it is best to have a strong America given China’s soft power expansion.

Time to stop the world’s biggest welfare cheat

WHO are you

Being a welfare cheat is not a bad way to describe the United Nations.

In 2000, twenty-nine UN agencies employed a total of 48,500 staff. Scroll forward to the latest figures in 2018 and that has blown out to near as makes no difference, 110,000 across 38 distinct agencies. In 20 years time, one imagines the UN will be aiming to be twice the size with a whole new raft of agencies seeking new funding.

What the UN tends to do is conceive new agencies within its womb and then give birth to them leaving them to make their own way, generally by “small” under the radar voluntary payments under “trust” which grow exponentially over time. To its credit, the UN nails bureaucracy.

The more puzzling question is how can our governments be so blind as to keep encouraging this welfare cheat to claim more benefits for its ever extended family? What is the return on all that investment?

One should be disturbed at the way the UN lists the voluntary payments made by individual countries as an “honour roll.” That somehow we are not worthy unless we play ball. Cash for access? Not exactly. That all depends on who you are.

Analysing the UN “regular budget” papers reveals that prompt payment is encouraged. Australia just missed out on a podium position as it was the 4th nation to remit its full-year contribution on January 11th, 2019. All US$61 million.

China might have been a bit late to wire its 2019 contribution of US$343.7 million to the UN coffers but it is seen as the future. The United States was conspicuous by its absence from the honour roll board figures despite chipping in US$674.2 million in 2019. Mind you, this excludes all the other voluntary payments made to other UN bodies and peacekeeping units.

Is it any wonder that Trump wants to defund it. Can you name one other charity that treats its #1 philanthropic patron which contributes twice the amount of any other country in aggregate – 24% of the total – with such disdain? It is not as though the US has reduced its generosity over the past two decades. On the contrary. It has grown proportionally.

The World Health Organization (WHO) deserves particular attention. It has grown from 3,672 staff at the turn of the century to 8,153. The USA gifted WHO over $281 million in 2018 or 10% of its total income. In 2000 the US gave $148 million.

What gives? WHO has more than doubled its staff levels. In 2018, it raked in $2.9 billion in income, more than twice that of eighteen years ago. Yet with all these extra resources, it couldn’t provide superior intelligence much less improved outcomes. It reminds us of the Australian fire services during the recent bushfires.

How was it that WHO couldn’t give any sensible or consistent guidance about how the world needed to prepare for coronavirus? Why did it tell us there was no risk of human-to-human contact? Surely if those nations that volunteer 10s if not 100s of millions of dollars for a subscription service had the correct information, borders would have been shut way sooner and the devastation mitigated.

For if WHO had done its own homework in Wuhan, it would never have criticised Trump’s travel ban “on the basis of “unnecessarily interfering with international travel and trade” and “increasing fear and stigma.“, something that was lazily just dug out of the pandemic playbook from 2017. Since when have ever pandemics played to a one size fits all prescription?

Why was WHO blindly parroting whatever came out from Beijing’s propaganda ministry instead of using its $190 million annual travel budget to investigate China’s watered-down claims for itself? Why did it take so long to call a pandemic? One assumes that pandering to its future is the way to keep the gravy train going, even if it unnecessarily costs countless lives.

What do all these surplus to requirement staff across UN bodies actually do for all the extra money lobbed at them?

UNICEF has more than trebled its workforce since 2000. Over 1/3rd of its $6.7bn income in 2018 was spent on “cash assistance.” If cash transfers are the largest expense line, should we just settle for the notion that we need 3x the number of staff to administer it? Most of this cash is distributed to countries that rank amongst the worst in terms of corruption. The audited accounts talk about fraud mitigation strategies. That makes sense when only $438,000 is detected and $15,000 recovered on $2.3 billion of cash assistance. At 0.02% of funds misappropriated, any major bank would blush with performance figures like that.

To get a grasp of how children move onto their own welfare teat, the UNFCCC, aka the climate change cult, had a $99m budget in 2018 to feed 738 mouths. When it was spun out of the parent UN in 2011/2012 it had a $30m budget across 461 staff. For 2020-21, the UNFCCC is looking for $177 million. Within that, $31.2 million is set aside for “complementary activities broadly mandated as beneficial to achieving UNFCCC objectives and goals.” Another $21 million for IT and data. Of course, it requires $36.3 million in “oversight and administration

Governance and oversight have never been a strong suit at the UN. UNAIDS gave us a perfect example of how sacred cows are protected by the parent.

Independent experts concluded that UN AIDS Executive Director, Michel Sidibé,  had been responsible for creating a toxic environment that promoted “favouritism, preferment and ethical blindness.” Sidibé accepted no responsibility for any sexual harassment, bullying or abuse of power that occurred under his watch.

The investigation started after Sidibé’s deputy was accused of forcibly kissing, groping and trying to drag a colleague into his Bangkok hotel room in 2015.

In a survey of the 670 staff members at the UN agency conducted by independent investigators, 18 admitted they had experienced some form of sexual harassment in the previous year and a further 201 said they were on the wrong end of workplace abuse.

One staff member went on the record saying, “U.N.AIDS is like a predators’ prey ground…You have access to all sorts of people, especially the vulnerable: You can use promises of jobs, contracts and all sorts of opportunities and abuse your power to get whatever you want, especially in terms of sexual favours. I have seen senior colleagues dating local young interns or using U.N.AIDS resources to access sex workers.

UN Secretary-General Antonio Guterres, who made it clear he had a zero-tolerance policy with regards to sexual harassment when he took office,  refused to fire him. Despite his term ending in January 2020, Sidibé has offered to quit in June 2019 in order to ensure a stable transition period! In what world does a person outed for turning a blind eye to such a poisonous culture get to leave on his own terms?

Perhaps the economic devastation that will result from coronavirus will be the perfect excuse for countries to drastically wind back payments to these UN bodies. There appears overwhelming evidence that more money doesn’t always buy better outcomes much less lift ethical behaviour. Power corrupts. Absolute power corrupts absolutely.

WHO’s official 2017 pandemic playbook says it all

WHOTWO

The World Health Organisation (WHO) has bungled its response during the coronavirus crisis. Politics always seems to trump principle. This cartoon is particularly blunt.

In mid-January, WHO happily parroted Chinese propaganda which said, “preliminary investigations conducted by the Chinese authorities have found no clear evidence of human-to-human transmission of the novel coronavirus (2019-nCoV) identified in Wuhan, China.” This, instead of independent verification by WHO.

WHO Director-General Tedros Adhanom Ghebreyesus praised China’s “transparency” despite whistleblower doctors being silenced by the propaganda machine. Several have sadly ended up dying.

Ghebreyesus even took potshots at governments looking to close borders to quarantine themselves on the basis of “unnecessarily interfering with international travel and trade” and “increasing fear and stigma.”

The interesting thing is that Director-General was reading straight from WHO’s very own 2017 playbook, ‘Pandemic Influenza Risk Management [PIRM]- A WHO guide to inform and harmonize national and international pandemic preparedness and response‘.

On travel, the report noted,

The International Health Regulations (IHR) (2005) seeks to limit the public health measures taken in response to disease spread to those “that are commensurate with and restricted to public health risks, and which avoid unnecessary interference with international traffic and trade.” This aligned with China’s rhetoric.

On member state cooperation,

Under the Framework, Member States are responsible for (1) ensuring the timely sharing of influenza viruses with human pandemic potential with Global Influenza Surveillance and Response System (GISRS); (2) contributing to the pandemic influenza benefit-sharing system, including by working with relevant public and private institutions, organizations and entities so they make appropriate contributions to this system; and (3) continuing to support GISRS.” p.16

China covered up the extent of the problem by destroying lab samples taken in December causing the unexplained viral infections in Hubei province. Imagine what might have happened if China had been open and honest at the offset? How lucky to have a WHO that pushed China’s narrative that the spread of COVID-19 was slow?

Indeed it is the chief of WHO that calls the Public Health Emergency of International Concern (PHEIC) and for declaring a pandemic. The PIRM report stated,

The responsibility of determining a PHEIC lies with the WHO Director-General under Article 12 of the IHR (2005). The determination of a PHEIC leads to the communication of temporary recommendations…During the period of spread of human influenza caused by a new subtype, based on risk assessment and appropriate to the situation, the WHO Director-General may make a declaration of a pandemic.”  p.14

Why did it take till March 10 for the Director-General to declare a pandemic? 64 days after the start. 118,000 people had caught COVID-19 by then. Now the number stands at 351,000.

At least there is a get out of jail free clause in WHO’s 2017 PIRM report,

Ethics do not provide a prescribed set of policies; rather, ethical considerations will be shaped by the local context and cultural values.” p.18

We guess it must be ok in WHO’s mind that China’s ethics are shaped by the culture of the Communist Party.

As to the question of the effectiveness of social distancing? WHO concluded with this vague paragraph,

Nevertheless, measures that have been associated with containment such as social distancing, hand/respiratory hygiene and judicious use of antiviral drugs may be effective in mitigating the impact of outbreaks of a new influenza subtype in individual countries. These measures are most likely to be successful and are better supported by data demonstrating effectiveness when implemented in specific local (smaller scale) circumstances, e.g. households and closed or semi-closed institutions. Although there is no evidence of any wider population-level containment effect, these measures may reduce the spread and overall impact of the pandemic and could be considered as part of a country’s national preparedness plan, depending on available resources.” p.62

Has there been an overreaction on social distancing which is likely to produce catastrophic economic side effects? If hygiene and antiviral drugs are effective, does social distancing have any impact at all? If not, aren’t governments submitting companies and employees to unnecessary hardship?

Assuming one self-isolates for 14 days, if one catches COVID-19 the first day out of quarantine was there any point to the first 14?

In Japan, peak hour trains to work remain as crowded as normal yet the country isn’t registering a severe outbreak of the disease. Close quarter drinking parties below the cherry blossoms are in full swing, yet no real signs of mass contagion. Japanese are meticulous with hygiene. Is it a factor? Japan has 1,046 cases and 44 deaths so far.

South Korea’s success would seemingly be driven by the sheer number of tests conducted on its population (270,000) which has made controlling out who needs to be isolated easier, as opposed to social distancing and hoping for the best. South Korea has tested 5,200 people per million population vs America at 74, according to the Centre for Disease Control. We don’t profess to hold any expertise in virus containment, but the data seems to bear out highly inconsistent results.

Yet it doesn’t escape the immutable fact that UN bodies, in general, have terrible track records. Why do so many countries want to entrust sovereign laws to UN groups that can’t keep their own houses in order?

In the last audited set of accounts (Dec 2018), WHO operates on a $2.9bn budget of which $931.22 million is paid in salaries across 8,153 staff or an average of $118,000 each. Although in the FY2018 financial year, expenditures totalled $2.5 billion, leaving a $442 million surplus after financial revenue. 

WHO spent $191.7 million on travel, $178 million on operating expenses and $177 million on medical supplies and materials. Medical supplies and materials are mainly purchased and distributed by WHO including vaccines, medicines, medical supplies, hospital running costs, fuel, as well as related shipping costs.

Contracted services look an interesting line item at $781 million. Medical research activities and security expenses are also included in contractual services. 

Despite Ebola in 2014, MERS in 2012, H1N1 Swine Flu in 2009 and SARS in 2002 it is hard to ignore the fact that with over 8,150 well-paid staff members WHO can’t construct a better policy prescription in limiting the spread other than provide sketchy anecdotal data on what methods seemed effective in containing the spread? Perhaps China can loan some propaganda ministry staff to better shape the responses. That’s right, they already have.

Let’s not forget that Tedros Adhanom Ghebreyesus proposed former Zimbabwe dictator Robert Mugabe as a WHO ambassador in 2017. It is not hard to see where the lack of judgment comes from.

50 years of Davoz. The Global Shapers will be the rope the Multistakeholders use to hang the rest of us with

Davos is upon us. That event where the world’s elite congregate via private jet and helicopter transport to tell the rest of us to reconsider our use of a second hand SUV to take the kids to soccer practice for the sake of the planet.

This event marks 50 years. What started as a good idea is now nothing more than a networking event for crony capitalists looking to exploit gutless governments into backing their schemes and ridiculing those that don’t sign up for multi-million dollar memberships.

We should applaud the World Economic Forum (WEF) for helping perpetuate the culture of systemically brainwashing our youth.

In the 2020 Global Risks report, we get the following table which highlights adults (‘Multistakeholders’) and the youth (‘Global Shapers’). Who knew that environmental issues took the Top 5 positions among the kids? Privacy be damned. Adults were more concerned with politics and trade wars. Hint hint President Trump.

The long term outlook produced even more drama. The adults seem to have appeased the kids on climate but their private jet powered life styles at the very least mention global governance failure and the risk of asset bubbles popping.

The youth on the other hand ramped up the global warming rhetoric to 11. The Top 6 concerns are climate and #8 turns out to be about climate refugees. That’s the result of a Marxist education, one that NZ is only too proud to boast about. Forget rational debate to engage kids on how to see two sides of an argument. They will be admonished for speaking out against the orthodoxy. Or doxxed on social media. Or both. Is it any wonder we have a mental health crisis?

Although it is worth mentioning that the deteriorating global economic fundamentals highlighted in the same report risk handing the kids their ideal utopia by way of a deep recession thanks to excessive global debt levels and low interest rates. It is unlikely these self-entitled ‘Global Shapers’ have ever contemplated, much less lived through such an outcome with all of their earth ending hysteria. Best tell them that if they pursue their dream of 100% renewables and zero carbon emissions they can bask in the shared misery of having let their teachers blindly mislead them by never challenging them on anything. Experience is a hard teacher. They’ll get the test first and the lesson afterwards. But such reality will be too late and take decades to fix.

Perhaps these ‘Global Shapers’ would do well to study the reasons why inequality and social upheaval will continue to grow if the world pursues the barking mad drive to decarbonise the world. The report even makes a point to talk of the disruption in France by the yellow vests. It noted,

In France, for example, the persistence of the “gilets jaunes” movement had caused businesses more than US$11.4 billion in losses by December 2019 and complicated the government’s plans for economic revival.

The yellow vests are protesting over regulation and climate related taxes.

Under the chapter of ’10 years left’, we got the following passage which is full of untruths as to beggar belief.

Governments, markets and, in an increasing number of societies, voters are awakening to the urgent realities of climate change—it is striking harder and more rapidly than many expected. The last five years are on track to be the warmest on record. Climate-related natural disasters such as hurricanes, droughts and wildfires are becoming more intense and more frequent, reportedly now averaging a disaster a week. Polar ice is melting more quickly than anticipated, with drastic implications for sea levels and coastal populations. Severe weather is worsening: the last year witnessed unprecedented wildfires and devasting storms across the globe, sea ice loss in the Arctic and record-breaking heatwaves in Europe.”

Yet how was it that Queenslanders voted to keep the incumbent government in power because of its support for a coal mine? Why is China committing to 300-500 new coal-fired power plants?

How is it that the UN has reported categorically that it has ‘low confidence’ on any shift in the behaviour of natural disasters? In the UNIPCC’s March 2018 report on weather extremes with respect to anthropogenic induced global warming) it says,

“…There is low confidence in observed trends in small-scale phenomena such as tornadoes and hail because of data inhomogeneities and inadequacies in monitoring systemsin some regions droughts have become less frequent, less intense, or shorter, for example, in central North America and northwestern Australia. There is limited to medium evidence available to assess climate-driven observed changes in the magnitude and frequency of floodslow confidence for the attribution of any detectable changes in tropical cyclone activity to anthropogenic influences..low confidence in projections of changes in extreme winds.. low confidence in projections of changes in monsoonslow confidence in wave height projections…overall low confidence because of inconsistent projections of drought changes…low confidencein projected future changes in dust storms…low confidence in projections of an anthropogenic effect on phenomena such as shallow landslides.”

Where is the evidence of 10s of millions of climate refugees fleeing rising sea levels an coastal populations?

Virginie K. E. Duvat of the Institut du Littoral et de l’Environnement, University of la Rochelle-CNRS, La Rochelle sponsored by the French National Research Agency; French Ministry of Environment, Energy and Oceans (MEEM) wrote.

Analysis “using tide gauges and satellites showed 30 Pacific and Indian Ocean atolls including 709 islands, revealed that no atoll lost land area and that 88.6% of islands were either stable or increased in area, while only 11.4% contracted.

This confirms a 2010 study by Webb & Kench which revealed,

that 86% of islands remained stable (43%) or increased in area (43%) over the timeframe of analysis. Largest decadal rates of increase in island area range between 0.1 to 5.6 ha. Only 14% of study islands exhibited a net reduction in island area. Despite small net changes in area, islands exhibited larger gross changes.

There is even reference to properties sold in Florida and the risk they become uninsurable. Then why is the Florida house price index at record highs?

What about record breaking cold waves in Europe and Canada? Unprecedented wildfires and storms? Not according to the data.

Unprecedented media sensationalism more like it.

One comment made in the report was the fact that 14x more women die than men during natural disasters. Is this proof there are only two biological genders or are the studies on non-binary deaths during disasters incomplete? This may have to be a separate break out session.

The report also issues this stark warning.

Aside from a number of vanguard first-mover champions, most companies, too, appear ill-equipped to address climate risk.

Ill-equipped or paying lip service?

Take Josh Bayliss, CEO of Virgin Group. He said,

“It’s definitely true that right now every one of us should think hard about whether or not we need to take a flight.”

Why doesn’t he close down the airlines in the portfolio? Instead of waiting for his customers to grow a conscience and do the right thing why not force their choice? The obvious answer is that it’s hypocritical.

Yet even our own ASIC feels the need to force the minds of corporates to deal with climate change. Forget the data that shows reporting on the subject has collapsed since 2011 from an already low level because the free market mechanism reveals that pricing to offset such fears simply don’t exist in any meaningful way. The regulator’s wish to enforce reporting only proves it needs to construct a narrative to ward off a problem that doesn’t rate much of mention other than virtue signaling.

Perhaps this urgency to get regulators to pressure corporate leaders showed up with this snippet in the WEF report,

In the World Economic Forum’s survey of business leaders, none of the top 10 risks globally are environmental, suggesting a critical blind spot…industry partners of the World Economic Forum ranked environmental risks higher than business leaders surveyed more broadly…Overall, lack of consistent awareness-raising among business leaders may create first-mover advantages for some, but it also potentially demonstrates the much more concerning overarching risk: that many businesses may not be planning for the physical and financial risks that climate change may have on their activities and across their value chains.

So in plain English that says that the majority of corporates that don’t pay into the WEF’s Davos slush fund are evil and if we can get the governments of the world to force change, its members will be the first beneficiaries of any new climate legislation.

Yes, Global Shapers are merely the rope that the Multistakeholders will use to lynch the rest of us with.

Did Greta’s flight shaming work on Germans or was it something else?

More pesky facts. Flight shaming is the latest and greatest form of climate activism. Our 16yo Time Person of The Year 2019, Greta Thunberg, has said Germans have taken to rail with a sharp drop off in air travel.

She said on her FB page,

Last month domestic air travel in Sweden was down 11%. In Germany it was down 12%. The climate- and environmental crisis can of course only be solved by a system change. But these numbers surely do help with bringing that change a little closer…

Bloomberg noted,

The number of people flying between German cities fell 12% in November from a year earlier, according to the ADV industry group, marking a fourth straight monthly drop and mirroring a pattern emerging in Sweden.

A shame Bloomberg failed to mention that Germany’s largest airline Lufthansa grounded 1,300 flights in November in order to weather internal turbulence caused by thousands its flight attendants who went on strike. That might have an impact on travel! 180,000 passengers were forced to travel by other means.

Deutsche Bank Research also noted,

Passenger numbers at German airports recently fell…the decline is largely due to economic reasons, such as the cyclical slowdown and lower supply due to airline bankruptcies.

Unfortunately, the rest of Europe keeps flying. ACI Europe which tracks aircraft movements shows that travel across Europe had increased 2.1% in the latest figures. Specifically, Milan’s Malpensa Airport experienced 31.2% growth in October, Krakow +30.2%, Seville +14.8%, Bordeaux +14.2%, Vienna +10.2% and Brussels +6.4%.

Once again, the media has so little regard for context. Sing a narrative even if it is not proven by the data. Yet another example of why there is little need to listen to teenagers who pontificate as experts, even if spoon fed by adults with an agenda.

This can only end in tears

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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.