The global warming climate change mega-trend is the inflation mega-trend

I won't bore you with worthless academic models that started from a 0.8c rise this century ranging all the way to +3c. The IPCC still cling onto hopes of limiting a rise in average temperatures to just +2c, on the basis of the world going carbon net zero by 2050 by means of removing 11gt of carbon per year, IPCC fiction vs current reality of just 2 million tonnes of carbon removal per year or 0.02% of target! It's too late where even as if by magic the clown politicians all sat down and agreed to go carbon neutral right now won't make any difference because Co2 is NOT the PRIMARY DRIVER! It's what tipped the climate over the edge in search of a new higher equilibrium, the temperature will now rise regardless of what humanity does to limit carbon emissions.
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So the target to limit global warming to 2c is total fantasy given that we are already +0.8c! And that the curve is NOT LINEAR! But exponential, it's pointless trying to model an exponential parabolic curve, but if I had to take a guess I would say that by the end of this century Earths average temperature will be between +7c and +10c higher! And it won't matter much if we are at the upper end or lower end of the range as the impact will be catastrophic regardless and it does not make any difference what mankind does in relation to co2 emissions as we are now effectively on a run away train that cannot be stopped. So you won't hear anything from me that we all have to cut back on x,y,z to save the planet because it is already bloody too late for any of that to have any effect on what's now set to transpire, even if we pulled all of the extra co2 we have pumped into atmosphere during the past 200 years won't make any difference, that ship sailed over 2 decades ago!
In decades time scientists will get nobel prizes for explaining why reducing co2 in the atmosphere failed to halt global warming by pointing to the likes of release of methane deposits triggered by the earlier rapid increase in global temperatures that swamped humanities attempts to undue the damage done through release of co2 via burning of fossil fuels.
This map gives a idea as to who is not only going to get hit the hardest but that it is already happening today! So not a question of some decades down the road but right NOW, and it's going to get worse with each passing year like slowly turning up the cooker on a frog in a pot of water on the stove slowly being boiled to death.
Literally whole nations are getting cooked alive which is going to have huge impact in geopolitical terns, there will be multitude of climate wars breaking out across the world. If you live in the red zone and have yet to make plans to escape then take this as your the penny has dropped moment to act! The sooner you act the better!
Yes India is a rising super power however global warming ensures it's rise will prove short lived as India is overwhelmed by the climate catastrophe, at best India has a 20 year bull run, though the climate catastrophe will have an ever worsening impact with each passing year. And as you can see Western Nations in large part will dodge the climate bullet, with some such as Canada and Russia actually benefiting from Climate Change which would put a target on especially Canada's back as their Southern Neighbour eyes Canada with envy and well the US may just decide to act to extend the US border several hundred miles into Canada in a land grab that Canada will be forced to come to terms with either through negotiations or a war, after all the US has been planning for an invasion of Canada for over 100 years! Cannot happen? Well not so long ago the Ukrainians also thought that a Russian invasion of Ukraine would never happen given that they are blood brothers with a shared history!
And don't for a moment take any of the crap that spews out of the mouths of politicians about dealing with climate change seriously, it is all HOT AIR window dressing, All that governments do is to announce plans that in practice never get implemented! They CANNOT implement anything of substance without putting their economies at a significant competitive disadvantage i.e. into an economic depression hence the sum total is NOTHING OF SUBSTANCE WILL GET DONE! CARBON REMOVAL PROGRAMMES AND MEASURES ARE TOTAL BS, just another mechanism to TAX the wage slave populations.
But us lucky few who saw it coming will survive and prosper in our bubbles of wealth as will all of the RICH whilst the masses become SLAVES in all but name, where our era of the most free that most people have ever been in human history becomes a footnote in the history books. That there was a time when people were relatively at their most free then along came the climate change monster that ushered in huge upheavals that led to countless climate wars that further ravaged a burning planet, tens of millions dead given , maybe even a few nukes will be launched that some will praise as a solution to global warming i.e. more particles in the atmosphere to block sunlight where in many nations few will care about carbon emissions, instead the focus will be on preventing the masses from rebelling by keeping the lights on and the supermarket shelves full of processed foods!
The World is going to turn communist and Fascist, they are both flip sides of the same coin, either means loss of personal freedoms where the general populations increasingly become a burden on the elite, cannon fodder in future wars that will resemble the likes of the Russia / Ukraine war, a literal tug of war as dying nations attempt to delay the inevitable by stealing the resources of their neighbours.
Government solution to climate catastrophe will be
To print a whole lot more money! That is the governments answer to every crisis and given the magnitude of the crisis we face then the scale of money printing will be epic which will make what we perceive as being mountains such as US Debt of $34 trillion and the AI portfolios target stocks such as Google trading at $150 will be little more than in consequential specs of on an exponential upwards curve of runaway inflation..
Someone is going to have the pay for all of this state spending on attempts to deal with the consequences of climate change!.
We see the signs today right across the world. In the UK it's with the effective abolition of the capital gains tax and the freeze in the personal allowances that allows inflation to do its work by pushing ever increasing numbers into higher tax brackets despite so that they pay more tax with money that buys LESS in the shops!
Maybe not full blown communism but definitely socialism!
As an example of what's to come there is that basket case Argentina which is headed towards the implementation of an annual wealth tax where all citizens must file a tax return that lists their global assets and then pay an annual wealth tax on it depending on which band they fall into priced in Argentina's freefalling currency so encompassing an ever increasing number if ordinary citizens as the truly wealthy will have long since run away from the emerging fascist / commie state, I mean it won't be out of character for Argentina which despite my above graph alluding to being one of the few developing nations not to be hit hard by climate change so one can only imagine who bad its going to get for those in the red zone.
This is a trend that is going to happen right across the world, a gradual erosion of the ability of ordinary folks to accumulate wealth as the government will at every opportunity seek to strip the people of their wealth so that they own nothing. When Labour wins the next UK election they will enact policies to erode the British peoples ability to accumulate wealth, probably target the tax free ISA accounts and of course private Pension pots! Raid the private pensions to finance the pensions of the waste of space pen pushers in the public sector.
This is why Europe is stagnating because it is infected with socialism with sprinkling of fascism which prompts the smartest of the young folk to escape to the likes of the United States. Though the US is also going down this path, so increasingly the likes of Singapore and it's liberal tax laws will look appealing though Singapore is far from being a liberal place to reside, in terms of being a borderline totalitarian state in terms of freedom of thought and expression.
Author
Nadeem Walayat
Marketoracle.co.uk
Editor of MarketOracle.co.uk, is its resident financial analyst, with over 20 years experience in trading and investing in the financial markets using both Technical and Fundamental Analysis.




















