It is worth recalling the history of another tell tale indicator: MSM magazine covers.
And the one recently:
If you’ve not figured it out yet, it’s propaganda, folks. Plain and simple.
This “net zero 2050” propaganda is fabricated on more than the simple gullibility of the sheeple. It is fabricated on the ability of governments to spend with gay abandon.
Sure, you can always bamboozle a populace incapable of thinking for itself, but you need the spending power. The very fact that we’re seeing this insanity is a reflection of the money for nothing environment (zero cost of capital) that has pervaded over the last 10 years or so.
When bond yields are back to trading at generational highs as inflation has ripped through society, then let’s see if we still have any talk of spending trillions.
It is clear these pointy shoes at the UN don’t live in the real world or understand the real world consequences of their pixyland ideals:
“Group of 20 nations need to ramp up commitments on climate finance — and start talking in trillions — ahead of a key summit in Glasgow, a top United Nations official said.
Patricia Espinosa, executive secretary to the United Nations Framework Convention on Climate Change, said that G-20 countries should be thinking in trillions if they are serious about meeting the Paris accord. It comes after a new report showed that developed countries have failed to reach their target of raising $100 billion a year to poor countries, which threatens to undermine the negotiations known as COP26.”
Don’t worry, folks. The Gods of Inflation will sort all this gumpf out. If history is any indicator, these “elites” as they are called will be dragged out into the streets and given their just servings. Between now and then we’re in for one heck of a bull market in inflation.
Glasgow Circus COP26 Summit
Here is a snapshot of some of the 400 private jets that flew in… because flying commercial is for the peasants.
And remember the rest of us have to prove PCR tests or vaccination status to fly. Not these guys.
Who wasn’t there? China, Russia, Turkey and Brazil
Often it isn’t what is said but what remains unsaid that tells you all you need to know.
In the same vein of thought, when it comes to the Glasgow circus (COP26), it isn’t who attended and what they said… but who DIDN’T attend. Xi, Putin, Erdogan, and Bolsonaro. That is who.
Alliances forming, folks.
Those who go woke will go broke and those who do not… will not.
Right now, the arbitrage globally is nothing short of stunning.
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