The headline out on Fox at the moment is ‘A SAD DAY’: World reacts to US pullout from climate agreement. On Wall Street it was a very different story — one of jubilation that culminated in a 135-point rally in the Dow Industrials. In some circles this is the sort of behavior that gives capitalism a bad name, especially in Europe and among those who don’t understand that true capitalism hasn’t existed in the U.S. for more than a century. It was replaced one incentive at a time by a system in which Big Government and Big Business collude to produce the best possible outcome — most particularly an absence of competition and free markets — for both. Hayek’s classic economic work The Road to Serfdom explains what happened to the rest of us. Does anyone actually believe that if taxpayers were to fork over $50 trillion dollars tomorrow so that the Guvmint could ‘deal with the problem,’ odds of their quote unquote experts producing a ‘favorable’ change in temperatures over the next hundred years would be about 1000-to-1 against? Trouble is, $50 trillion dollars probably underestimates the sum Big Government and its friends have in mind. In the meantime, we’re about to find out whether Trump’s decision to walk away from the climate accord is an impeachable offense. Al Gore still wields a lot of power in some circles. Who knows what he’s capable of with the financial backing of George Soros?
Wall Street Jumps for Joy as Climatistas Mourn
- June 2, 2017, 7:27 pm
-
June 2, 2017, 1:54 pm
The average quarterly high close in W from 1970 to 2000 is 470-4, which is the level that this test is creating for the next biggest bull market in grains to start.
Thanks and have a great weekend…
———–It was a grain (wheat market) ‘corner’ that start the fall of the Rome Empire.
-
June 2, 2017, 11:38 am
none,
Yes, looking at prices for a wheat contract, they bottomed in 2005 at 300, spiked up to 1300 in early 2008, and now are at 429.
So much closer to a bottom than a top!Funny thing is, when wheat peaked in 2008 at 1300, a 16oz box of Barilla whole wheat pasta was 99 cents.
Today with that wheat contract at 429, the same box of Barilla pasta is a little above 2 dollars a box.
Funny how deflation never seems to trickle down to you and I!Sort of like the Peace Dividend, remember that concept?
LOL!
-
June 2, 2017, 10:29 am
Actually this all just part of a larger picture in play, the political implosion of the US empire.
History shows us that political implosion is one of the conditions associated with a failing empire.
Oh well such is life, never mind huh : )
-
June 2, 2017, 5:58 am
https://en.wikipedia.org/wiki/Dalton_Minimum
Commodity Traders are well in line into seeing the greatest bull market in grains to start soon.
Government is reactionary and are reacting to pass data that is short term this is natural, and a great buy signal that can be see in the grain markets from 1999 when the cooling cycle began solar cycle 24 and 25 the lowest in 500 years.
This can be seen now where one ice cap melts and another expanding now 70% more.
Towards markets traders in grains see the base testing the pricing of the 1960’s and 1970’s highs in all the grains, this is a large test in price after the early break outs of the last decade.
These periods turn rather quick some times in a few years. It is only correct to have governments on the other side. As, the early 1970’s we saw government (USA) opening its market of getting oil from the middle east (about 6% or so) because government suggested the earth was cooling and using their oil was smart, the next 4 decades the earth warmed.
A summer that never was is about to take place, observe lilies in the last 8 years seldom do they bloom the 1st week of June.
82% percent of the world wide youth population 20-35 years of age (youth bulge cycle) is in the middle east and east/ northern Africa and Asia. These areas are subject to mass depopulation.
Cooling periods are very bad for the stock markets world wide.
-
June 2, 2017, 1:08 am
What was impeachable was Obummer not allowing a senate vote on the TREATY, as prescribed in that “just a piece of paper” constitution. I know, quaint notion…
-
June 1, 2017, 11:43 pm
We covered the “Climate Change” fraud at length on your forum two or three years ago.
Long story short, since the end of the last Ice Age, mile thick glaciers melting raised sea levels 340 feet, and filled up the Great Lakes.
So alarmist panic attacks about “Rising Sea Levels” are a poor excuse to pick a man’s pocket every 25th of December, or any other day!The real problem is almost 8 billion people who have eaten everything in the oceans, and filled them with plastic and other flotsam and jetsam. As a result, we are at “The Camp of the Saints” meets the Fall of Constantinople, meets Bartertown.
And no amount of taxation will fix that problem!
What a revoltin development!
As a show of protest, outraged Resistance members and environmentalists have pledged to disconnect their air conditioners and water heaters until Trump exits office.