JoNova

A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).


Handbooks

The Skeptics Handbook

Think it has been debunked? See here.

The Skeptics Handbook II

Climate Money Paper


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GoldNerds

The nerds have the numbers on precious metals investments on the ASX



Archives

Books

The Atlantic — “the finance industry has effectively captured our government”

A former chief economist of the International Monetary Fund, wrote in May 2009 about how depressingly similar the US problems are to emerging economies he has worked with. It’s a provocative article: The Quiet Coup (a few excerpts posted here).

“Anything that is too big to fail is too big to exist.”

The Quiet Coup

The problem is oligarchs who overborrow, become too powerful, and gain too much influence:

Click the chart above for a larger view

“Wall Street ran with these opportunities [lightweight regulation, cheap money, securitization, interest rate swaps, and I would add, high frequency trading]. From 1973 to 1985, the financial sector never earned more than 16 percent of domestic corporate profits. In 1986, that figure reached 19 percent. In the 1990s, it oscillated between 21 percent and 30 percent, higher than it had ever been in the postwar period. This decade, it reached 41 percent. Pay rose just as dramatically. From 1948 to 1982, average compensation in the financial sector ranged between 99 percent and 108 percent of the average for all domestic private industries. From 1983, it shot upward, reaching 181 percent in 2007.

“The great [...]

Six words to expose the scam

After two years of distilling this down, it’s come to me that it only takes six words:

Banks want us to trade carbon

Banks want us to trade carbon.

Years from now historians will write about gullible leaders who go down in history as the ones who sold their nations to Goldman Sachs. Fools who thought they might look important trying to save the planet, but who instead were negligent, ignoring the science and slavishly committing their productive workers to pay tribute to a parasitic layer of financial houses.

Just as Woodrow Wilson came to bitterly regret setting up the US Federal Reserve. Josiah Stamp (1880-1941, Director of the Bank of England) warned us.

[...]

Subprime carbon is coming

There are people out there who manufacture money from nothing. Literally. The rest of the world has to earn it, but some are in it from the start–where money is created from the ether.

Banking is not a secret but no one tells you how it works… it’s hard to get your head around it, but if everyone understood, some aspects would be outlawed tomorrow (just like they used to be).

Greens and bankers make strange bedfellows. The bankers know where the Greens are coming from, but the Greens need to find out why bankers, “the paper aristocracy”, are so keen to save the planet. It’s an unholy alliance.

[...]

Carbon credits: another corrupt currency?

Carbon credits are a form of fiat currency, yet as calls for carbon trading grow, ironically, another fiat currency collapses—destroying life savings, wiping out jobs, and taking down historic institutions overnight. [...]