Debt Rattle February 2 2015
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[See the full post at: Debt Rattle February 2 2015]Climate scientists caught fabricating evidence again. And again, and again. Anybody want to guess which direction?
“Giss was showing temperatures to have risen faster than almost anywhere else: a large chunk of South America stretching from Brazil to Paraguay.
Noting that weather stations there were thin on the ground, he decided to focus on three rural stations covering a huge area of Paraguay. Giss showed it as having recorded, between 1950 and 2014, a particularly steep temperature rise of more than 1.5C: twice the accepted global increase for the whole of the 20th century.
But when Homewood was then able to check Giss’s figures against the original data from which they were derived, he found that they had been altered. Far from the new graph showing any rise, it showed temperatures in fact having declined over those 65 years by a full degree. When he did the same for the other two stations, he found the same. In each case, the original data showed not a rise but a decline.”
Looking at this example, found it was a worldwide practice to fabricate evidence, in Australia, Russia, etc. Centuries-long small cooling were transformed into dramatic heating, etc.
How long do we have to put up with this? And how long will we overlook it’s a massive cash-grab, taxing the very air we breathe? Can someone call a spade a spade here?
Dr D, Booker is just another denialist stooge, repeating the latest from Anthony Watts and friends:
Kevin Cowtan Debunks Christopher Booker’s Temperature Conspiracy Theory
He apparently can’t grasp the fact that the surface data has many problems, such as missing data, changes in location and time of day of reading and the change to digital instrumentation, all of which must be corrected before a long term trend can be determined. Then too, there are other data available, including other analytical approaches to the MSU/AMSU satellite data set, as well as passive microwave data for Arctic sea-ice and temperature data for the oceans, which also point to a warming Earth.
Here’s piece about Booker which is written for folks (like you?) who use character assignation instead of reason:
The superhuman cock-ups of Christopher BookerRe game theory in Steve Keen’s article.
“There was just one problem. The Prisoners’ Dilemma applies to a single instance. What happens if this event is repeated, Groundhog Day style, again and again? Then the prisoners will instead decide to remain silent—cooperation rather than ratting on each other is the optimal strategy. And when applied to the theory of competition, it implies that collusion will be the normal outcome, not the competition that mainstream economists actually want to be the case.”
Silence and collusion is something we’ve all seen since we were little. In fact, I’ve seen this more than I’ve seen direct competition. Nice spin by the economists that competition always rules, but it doesn’t. How many are silent and colluding on Ukraine? How many on Iraq’s WMD? Groups are formed, they all protect each other’s backs. It’s the small guy who is trying to run his life with competition who gets killed and crushed by the bigger guys who are silent and collude, who run around buying out the little guy when he’s finally down.
The big vested interests hire lobbyists. There is silence and collusion between industries and politicians. It is the order of the day.
Silence and collusion today rules everything.
Re Croatia cancelling the debts of their poorest citizens: how did they get business and industry, bankers to go along with this? Could it be that these very people will just turn around and go into debt again? That way the business losses turn into gains; they just need to wait a few months.
The whole world seems to have run on people getting in over their heads (with vested interests cheering this on). The vested interests make their money on the way up off of everybody. When things turn down, they forgive the debts, restructure, in order to facilitate new debts to be taken on.
I don’t fault the uneducated or the ignorant as much as the government who condones this and the vested interests who profit from it. Government needs to NAIL to the wall every single slimeball who lends to people who can’t afford to pay the money back so that this crap doesn’t continue. But instead, they print money in order to bail out the bankers, further depreciating the dollars of people who have lived prudently.
Interesting. There is not a single news headline above that I don’t question as propaganda of one sort or another.
“So if personal income grew so strongly, but wages were in the toilet, where did all the growth come from? You guessed it. The government doled out $13 billion of your taxes to the 102 million non-working Americans and called it personal income. Isn’t that precious. They got almost double what working stiffs got in December. Time to go on the dole.
Another $13 billion was generated by something called Proprietors’ income with inventory valuation and capital consumption adjustments. WTF that means is anyone’s guess. It jumps around wildly from month to month and smells like another government model created figure used to mislead the sheep.
Senior citizens around the country will be thrilled to know they earned $3 billion less in interest income than last month, with the amount hitting a new post 2008 low. Kibble and Bits never tasted so good. At least the titans of Wall Street got an extra $4 billion of dividends. I’m sure they are sleeping well at night.
Not all spending collapsed in December. It seems spending on services rocketed up by $11 billion in one month. Obamacare is the gift that keeps on giving. I’m sure the $7 billion increase in wages that was used to pay for Obamacare premiums and copays are doing wonders for the economy.
The $50 billion collapse in spending on goods, led by autos, surely doesn’t portend recession. It surely doesn’t mean the debt fueled fake recovery is falling apart as the Federal Reserve QE heroine injections have been withdrawn.”
Do we still have strong durables, or were they really just subprime auto durables?
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