Welcome to Finance and Fury, the Say What Wednesday edition.

Today we are going to cover off on Climate Change. This may be a bit weird. But, the majority of proposed solutions are political/economic.

Firstly, the taxation on CO2 emissions. What is this going to do to the economy overall, with additional costs of business? Furthermore, capping of production of emissions.

In this episode, we will discuss climate change in terms of the narrative that it is presented as. This is around rising temperatures and the world being doomed in a few years’ time. I won’t be talking about environmental destruction. Is global warming man made? How will the solutions help?

The common theme of Fear:

  • Different predictions over the last few decades
  • A similar theme is fear
  • Most people fear catastrophic events
  • Predictions by experts on climate change keeps turning out to be incorrect
  • From predictions, there was supposed to be a lot of misery in the world due to climate change caused events
  • Policy changes due to global hysteria
  • The climate change direction changed
  • We look at an overview of predictions and temperature claims.
  • We should be fearful of these events, right?

 

The issue with acting out of Fear:

  • Opt for any solution we think will work
  • Even if it is against our own self-interest
  • How does this affect the brain?
  • Social learning and context can be tools to help fears or make fears worse
  • There is a potential to influence the way we experience fear
  • Social isolation is another thing people are afraid of
  • Climate change has religious elements to it
  • This comes down to ideological subversion

 

The message is in our face every day:

  • 97 movies since 2010 depicting the end of the world
  • The irony of Hollywood around actions towards fighting climate change
  • The hypocrisy of politicians surrounding climate change
  • Paid to pretend to be someone else for a living
  • Our climate does change, it’s the only consistent thing about it

 

The climate definitely changes, there is no clear consensus on why or how:

  • 97% of climate scientists agree that humans are the leading cause of climate change
  • Do they really? Christopher Monckton criticised John Cook’s findings
  • These are unscientific findings
  • UQ is now proving a free climate change course
  • These claims can be broken down in the resources below
  • Why don’t other scientists speak out about it?
  • How well can weathermen predict the temperatures?

Saying that it is human-induced through CO2 emissions is why I have an issue with this

  • The mathematical modelling and their numeric assumptions
  • What is the relationship between CO2 and temperatures?
  • When do the records of temperature begin?
  • What are the mathematical models and how do scientists come to their conclusions?
  • Joseph Postma wrote A Climate of Sophistry, which covers the modelling and math involved
  • The same modelling shows the increases in CO2 help boost plant life
  • Milankovitch cycles describe Earth’s movements and the climate changes
  • The debunking always goes in both directions
  • Financially, who has the most to gain? Politicians, climate scientists, and the media.

Summary:

  • I am not denying that the climate does not change
  • There is no measurable increase in temperature anomaly in 18 years
  • Focusing on clean energy is a good idea, but following advice on voting for policy change doesn’t help long term
  • How does the Paris Climate agreement help?
  • Let’s come up with some long term plans to help produce cleaner energy

Thanks for listening today. If you want to get in contact you can at the contact page here.

Resources:

Models – https://www.climatechangeinaustralia.gov.au/en/climate-projections/explore-data/threshold-calculator/

 

 ‘climategate’ email scandal. If you want some light reading (180 pages or so), here is the publication on this: https://www.lavoisier.com.au/articles/greenhouse-science/climate-change/climategate-emails.pdf

 

Milankovitch Cycles – https://en.wikipedia.org/wiki/Milankovitch_cycles

 

Climate Conscious – UQ Emails – UQ Emails –  http://www.galileomovement.com.au/docs/UQcorrespondence.pdf

 

Say What Wednesdays: China’s Social Credit Scoring; class systems, socialism, communism and exterminating ‘undesirables’

Say What Wednesdays China's Social Credit Scoring; class systems, socialism, communism and exterminating 'undesirables' Welcome to Finance & Fury, the Say What Wednesday Edition, where every week we answer questions from you guys, the listeners! This week’s...

How do you identify a scam, before ASIC or the regulators do it for you?

Welcome to Finance and Fury, The say What Wednesday edition where we answer your questions, and sometimes questions from people from the gym – such as today Is this a scam – moneysmart have a page on this – which is good resource – give a quick summary of this – but...

Working as a Team – Relationships and your Finances

Welcome to Finance and Fury Today we are going to talk about relationships and money, and some strategies to start working as a financial powerhouse couple We all spend money and we all have relationships Doesn’t mean romantic relationships How has your relationship...

Theory versus reality – Can any theory explain the current action of financial markets?

Welcome to Finance and Fury, the Furious Friday edition. Today – want to look at market theory versus reality – because a lot of market theory doesn’t hold up – so are the markets truly changing? Is this just a short term divergence prior to markets going back to...

Furious Fridays: The Holocaust, famine in the Ukraine, and how we just keep repeating the same mistakes, Rick and Morty style

Furious Fridays The Holocaust, famine in the Ukraine, and how we just keep repeating the same mistakes, Rick and Morty style Welcome to Finance and Fury, Furious Friday Have a think about how much you know about history? Are you familiar with the big events, like WW1...

Debt ceilings and defaults

Welcome to Finance and Fury. Debt ceilings, at the moment there are many media pundits warning about the US defaulting on their debt and the fallout that would follow, being a complete economic meltdown. We are going to do a deeper dive into this in today’s episode....

What factors will make property prices rise in Australia?

Welcome to Finance and Fury On the last episode – looked at signs property prices will be high Today – continue and look at based on these factors - Will property prices keep going up? First – recap of the Tell-tale characteristic to be able to tell if property prices...

What does a good asset allocation for passive income look like?

Welcome to Finance and Fury, The Say What Wednesday Edition.  Where each week we answer a question from you. Hi Louis, I have a questions about portfolio construction and asset allocation. I am 36 years old and am trying to understand what is the most appropriate...

Say What Wednesday: Makin’ coin flippin’ houses

Welcome to Finance & Fury’s Say What Wednesday Today’s question is from Lucas, “Hey guess, just wondering if you think that flipping houses is a good strategy? Can you really make a living flipping houses?” Good question! Flipping houses has become very popular...

What happens when a family trust comes to the end of its life? What happens with the assets and are there CGT or stamp duty liabilities?

Welcome to Finance and Fury, The Say What Wednesday edition.  Today's question comes from Gab. Hi Louis, thank you (as always) for the great content. I've got another question that I've struggled with recently, and I'm hoping you can shed some light on the topic. I've...

Pin It on Pinterest

Share This