02 April 2009

Rise of sea levels is 'the greatest lie ever told'

I found this story over at the Telegraph, and it reminded me of a couple of stories I wrote a while back. I wrote about how we've actually been cooling for the past decade. How NASA backtracked on the "Warmest Year Ever" claim, and how I along with others felt that Global Warming has officially ended in 1998. I've read stories on how the Glaciers are expanding again and how we continue to have record breaking winters in 2009, 2008, 2007, 2006 and so on. Yet they keep trying to feed us the lie. The lie about Global Warming and Rising Sea levels.


Rise of sea levels is 'the greatest lie ever told'
The uncompromising verdict of Dr Mörner is that all this talk about the sea rising is nothing but a colossal scare story, writes Christopher Booker.
Christopher Booker, 28 Mar 2009

If one thing more than any other is used to justify proposals that the world must spend tens of trillions of dollars on combating global warming, it is the belief that we face a disastrous rise in sea levels. The Antarctic and Greenland ice caps will melt, we are told, warming oceans will expand, and the result will be catastrophe.

Although the UN's Intergovernmental Panel on Climate Change (IPCC) only predicts a sea level rise of 59cm (17 inches) by 2100, Al Gore in his Oscar-winning film An Inconvenient Truth went much further, talking of 20 feet, and showing computer graphics of cities such as Shanghai and San Francisco half under water. We all know the graphic showing central London in similar plight. As for tiny island nations such as the Maldives and Tuvalu, as Prince Charles likes to tell us and the Archbishop of Canterbury was again parroting last week, they are due to vanish.

But if there is one scientist who knows more about sea levels than anyone else in the world it is the Swedish geologist and physicist Nils-Axel Mörner, formerly chairman of the INQUA International Commission on Sea Level Change. And the uncompromising verdict of Dr Mörner, who for 35 years has been using every known scientific method to study sea levels all over the globe, is that all this talk about the sea rising is nothing but a colossal scare story.

Despite fluctuations down as well as up, "the sea is not rising," he says. "It hasn't risen in 50 years." If there is any rise this century it will "not be more than 10cm (four inches), with an uncertainty of plus or minus 10cm". And quite apart from examining the hard evidence, he says, the elementary laws of physics (latent heat needed to melt ice) tell us that the apocalypse conjured up by Al Gore and Co could not possibly come about.

The reason why Dr Mörner, formerly a Stockholm professor, is so certain that these claims about sea level rise are 100 per cent wrong is that they are all based on computer model predictions, whereas his findings are based on "going into the field to observe what is actually happening in the real world".

When running the International Commission on Sea Level Change, he launched a special project on the Maldives, whose leaders have for 20 years been calling for vast sums of international aid to stave off disaster. Six times he and his expert team visited the islands, to confirm that the sea has not risen for half a century. Before announcing his findings, he offered to show the inhabitants a film explaining why they had nothing to worry about. The government refused to let it be shown.

Similarly in Tuvalu, where local leaders have been calling for the inhabitants to be evacuated for 20 years, the sea has if anything dropped in recent decades. The only evidence the scaremongers can cite is based on the fact that extracting groundwater for pineapple growing has allowed seawater to seep in to replace it. Meanwhile, Venice has been sinking rather than the Adriatic rising, says Dr Mörner.

One of his most shocking discoveries was why the IPCC has been able to show sea levels rising by 2.3mm a year. Until 2003, even its own satellite-based evidence showed no upward trend. But suddenly the graph tilted upwards because the IPCC's favoured experts had drawn on the finding of a single tide-gauge in Hong Kong harbour showing a 2.3mm rise. The entire global sea-level projection was then adjusted upwards by a "corrective factor" of 2.3mm, because, as the IPCC scientists admitted, they "needed to show a trend".

When I spoke to Dr Mörner last week, he expressed his continuing dismay at how the IPCC has fed the scare on this crucial issue. When asked to act as an "expert reviewer" on the IPCC's last two reports, he was "astonished to find that not one of their 22 contributing authors on sea levels was a sea level specialist: not one". Yet the results of all this "deliberate ignorance" and reliance on rigged computer models have become the most powerful single driver of the entire warmist hysteria.

•For more information, see Dr Mörner on YouTube (Google Mörner, Maldives and YouTube); or read on the net his 2007 EIR interview "Claim that sea level is rising is a total fraud"; or email him – morner@pog.nu – to buy a copy of his booklet 'The Greatest Lie Ever Told'

Fined, frozen and now jailed

The Marine Fisheries Agency was certainly onto a winner when it enlisted the aid of the Assets Recovery Agency in its ruthless war against our fishermen. In December 2007 Charles McBride and his son Charles, from Kilkeel in Northern Ireland, were fined £385,000 for under-declaring catches of whitefish and prawns in the Irish Sea, threatening the loss of their homes and boat. But the Assets Recovery Agency, using powers designed to recover money from drug dealers, also froze all their assets. To pay the fines, the McBrides tried to borrow against their assets. Now, for this effort to pay the fines, Liverpool Crown Court has sentenced the two men to two and three months in gaol for “contempt of court”.

Blown away

The Climate Change Secretary, Ed Miliband, timed his jibe impeccably last week when he said that opposing wind farms is as “socially unacceptable” as “not wearing a seatbelt”. Britain’s largest windfarm companies are pulling out of wind as fast as they can. Despite 100 per cent subsidies, the credit crunch and technical problems spell an end to Gordon Brown’s £100 billion dream of meeting our EU target to derive 35 per cent of our electricity from “renewables” by 2020.

Meanwhile the Government gives the go-ahead for three new 1,000 megawatt gas-fired power stations in Wales. Each of them will generate more than the combined average output (700 megawatts) of all the 2,400 wind turbines so far built. The days of the “great wind fantasy” will soon be over.

Jobless claims at 26-year high - Or is it?

Don't you just love this. News organizations REALLY LOVE bad news. Of course what they don't say is that 26 years ago, we had about 100 Million LESS people in the U.S. What that means is that the unemployment figures back then was about 1/3rd higher than it is today! Problem is that's not BAD enough news, so they need to make it worse by simply stating the actual numbers instead of the percentage points.
Unfortunately, this plays right into the hands of those on the left who want to push even MORE stimulus, MORE spending, MORE Government, while most of us are fed a steady diet of bad news to keep us from revolting.

Here's the story from Reuters

Jobless claims at 26-year high
Thu Apr 2, 2009 1:42pm BST

NEW YORK (Reuters) - The number of U.S. workers filing new claims for jobless benefits unexpectedly rose to its highest level in over 26 years last week and so-called continued claims jumped to a record high in March, according to data that underscored the labor market deterioration.
KEY POINTS: * The Labor Department said on Thursday initial claims for state unemployment insurance benefits rose 12,000 to a seasonally adjusted 669,000 in the week ended March 28, the highest since the week ending October 2, 1982, from an upwardly revised 657,000 the week before. * Analysts polled by Reuters had forecast 650,000 new claims versus a previously reported count of 652,000 the prior week. * The number of people staying on the benefits roll after collecting an initial week of aid surged 161,000 to 5.73 million in the week ended March 21, the latest week for which the data is available, from 5.57 million the previous week. * This was the highest on record and lifted the insured unemployment rate to 4.3 percent, the highest since a matching 4.3 percent in the week ending May 21, 1983. * The insured unemployment rate was at 4.2 percent in the week ended March 14. * The four-week moving average for new claims, considered to be a better gauge of underlying trends as it irons out week-to-week volatility, climbed 6,500 to 656,750 in the week ending March 28, from 650,250. * That was the highest reading since October 1982.
COMMENTS:
SCOTT BROWN, CHIEF ECONOMIST, RAYMOND JAMES & ASSOCIATES, ST PETERSBURG, FLORIDA:
"Jobless claims are another really bad number. We have been seeing not just an elevated trend but an increasing trend. That is not good. We know the labor market is going to be a lagging indicator but we need to see the pace of job losses moderate soon if we are going to get a recovery.
"Following the ADP data we got yesterday, I think markets will be braced for a decline of 700,000 or more in non farm payrolls.
"Treasuries are looking at the stock market, which is poised to open higher. These numbers are not affecting the government bond market much."
SUBODH KUMAR, CHIEF INVESTMENT STRATEGIST, SUBODH KUMAR & ASSOCIATES, TORONTO:
"The employment data is still poor-- we saw that in Europe as well-- but I think the markets aren't responding to hard data right now. I think markets today will be focused more on confidence measures, and how confidence may be lifted.
"At the G20 meeting, I think investors have expectations for news about regulations, and I also think they'd like to see more aggressive stimulus policy. They want more concrete action on stimulus."
T.J. MARTA, CHIEF MARKET STRATEGIST, MARTA ON THE MARKETS, SCOTCH PLAINS, NEW JERSEY:
"This is bad. It needs to be countered against the rise in the U.S. population; as a percentage, it's not that bad.
"Continued claims is the more concerning matter. What it says to me is the persistence of unemployment. The unwillingness of the auto industry to adjust and the bubbles in housing and on Wall Street have led to a misallocation of house resources. It's more of a structural reallocation of resources, which could be worse than anything we've seen since the Great Depression."
MARKET REACTION: STOCKS: U.S. equity index futures pare gains slightly after jobless claims data. BONDS: U.S. Treasury debt prices steady at lower levels. DOLLAR: U.S. dollar little changed.

© Thomson Reuters 2009 All rights reserved.

01 April 2009

Child's Pay 2 - The Ten Trillion Dollar Sequel

Move On featured an ad a while back where they asked the question. Who will pay for Bush's One Trillion Dollar Deficit. The answer, according to their video was the Children.



Now it seems that RedState has Hijacked the Ad to ask who's going to pay for Obama's Ten Trillion Dollar Deficit!

And here's the Original Ad by Move On....

Our "Road To (Financial) Hell" Is Paved With Gold For The Likes Of George Soros

Commentary
Published: Apr 1, 2009
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Our "Road To (Financial) Hell" Is Paved With Gold For The Likes Of George Soros
by Vincent Gioia


Treasury Secretary Tim Geithner, the man who President Obama said the United States could not do without despite his record of tax cheating, has come up with the "Big Sham;" a plan to reward fat cat investors who are Democrat supporters (or who will be) at tax payer expense. Geithner's so-called Public-Private Partnership Program is a sham. It's a lie. It supposedly "pairs" government money with private investors' money to buy toxic mortgages from banks but there is no pairing and there's no partnership. Private investors favored by Democrats put up a fraction of the money and get almost all the profits while taxpayers get stuck with almost all the risk.
Here is an example of how this works.
Goldman Sachs (home of many Obama appointees) wants to buy a million dollars of mortgages from a bank for $420,000; Goldman puts up $30,000 and Treasury puts up $30,000 but then the FDIC guarantees a loan for $360,000. Goldman gets 93% of the profits while taxpayers (suckers like us) are on the hook for 93% of the risk.
Tens of thousands of defaulted mortgages on tens of thousands of homes are bought giving favored bankers like Goldman Sachs ownership of them by putting up just 7 cents on the dollar. The sub-prime mortgages total more than $2 trillion so this amounts to another huge give-away to politically well-connected bankers.
Looking at the scheme all together: $80 billion goes to make JPMorgan Chase whole on its bad trades; $319 billion goes to Citibank; $300 billion goes to bailouts of Fannie Mae and Freddie Mac; $185 billion to bonus-giving AIG; $29 billion to Bear Stearns; $25 billion to General Motors Finance; $700 billion in currency swaps to other governments and trillions for the TARP, TALF; and other programs that will make bankers who have shown their greed and incompetence wealthy while Obama and Geithner make the rest of poorer.
Although Geithner and Obama are able to fool Americans with the aid of the Democrat news media house organs, the rest of the world is not so gullible.

Recently China's central bank governor joined three other economic giants (Russia, Brazil and India) in calling for the world to abandon the dollar as the world's reserve currency; then the International Monetary Fund said the same thing. As the G-20 meet the US dollar as the international reserve currency is on the agenda there.
As the dollar trends lower against other countries' currencies, people like George Soros make billions. Soros has already said "This has been a good crisis for me," and why not? Soros was able to get 158% profits in just 24 days by buying options that stood to gain when the Euro rose against the dollar. The Euro rose less than a dime but Soros and others like him wound up with huge gains. Add another 74% profits in two weeks with options on the British pound and more profit on just a change of 9 cents – a 77% profit when the pound increased 10.3 cents against the dollar. Now with the size the bailouts and the huge multi-trillion dollar deficits, the US dollar will likely fall even more. The profit potential for the likes of George Soros who gains and adds to his fortune by currency speculation will now, from currency options on stronger currencies, be enormous.
Those with 401 Ks who lost large sums in the market meltdown can attest that no matter how well diversified you are, there are times when the whole stock market goes pretty much straight down, and the same for bonds and real estate. But that doesn't happen with currency investments because it's mathematically impossible for the US dollar to go down without other currencies like the Euro, Chinese Yuan, or the Canadian dollar going up in equal measure.
Soros knows that in any kind of financial climate, including today's recession/depression currencies can always be found that go up in value. That's not true with almost any other kind of investment.
Geithner is perpetrating a huge lie that will wreck the dollar and is the biggest scam in our history - all for the benefit of wealthy bankers who will be beholden to Obama and the Democrat Party. Even the president of the European Union called these bailouts and other lunatic American policies "the road to Hell." But in this case the road to hell is paved with gold for the fortunate few.
Vincent Gioia is a retired patent attorney living in Palm Desert, California






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