Recent Posts


Helicopter Ben at work

Not many people realize just how utterly unprecedented the Global Financial Crisis was.

To see just how singularly anomalous those months were, let’s revisit an article I wrote for 321 Gold in November 2008.

The graphs below are extraordinary, jaw-dropping plots. At the time I was watching them grow week by week, and was amazed that they were not “everywhere”. I still remember the chill I got in mid October when I first saw the ballistic spike. We’re talking about the money supply of the worlds largest economy. The rescue package blew away the scale — the second graph below covers 90 years. It’s not often you see any graph which is a true hockey stick. This was originally published at 321Gold on Nov 25th 2008. Remember this money (your money if you hold US dollars) was “injected” as a temporary fix (in theory), the plan was to neutralize it, or sterilize it, or insert-your-favourite-euphemism-here-for-getting-it-back-to-normal.

So where does the Money Base graph stand now? It’s not back down to $900 billion (where it was in August 2008), it’s not even stable at $1500 billion, it’s $2000 billion. Our markets run on ever increasing injections of new money. The people […]

Two dismal sciences (climate and money)

Maybe you are already au fait with the deep flaws in our financial system, or maybe you are like I was ten years ago, too bored to read “economics”–knowing it was all human vagaries and surrounded with jargon. If your eyes glaze at the thought of bonds, yields, debt and GOFO’s–bear with me, I understand. But history books will be written about this year. No one can afford to be not interested in the science of money.

Economics is known as The Dismal Science, and the reason it’s dismal is the same reason that official climate science is — too many dollars at stake. (If we can treat psychology scientifically, why not economics too?)

Those who want to falsely alarm us benefit from confounding issues, confusing statements, argument from authority and bureaucratese

But the unscientific nature of some subjects is no accident. Clear thinking, transparency, and rigorous logic benefit the majority, just as jargon, elitism, gatekeepers and censorship do not. Those who want to falsely alarm us benefit from confounding issues, confusing statements, argument from authority and bureaucratese, and so too do the people who control our money — central bankers, the banking aristocracy, and some politicians. (Though instead of […]

The climate industry wall of money

This is the copy of the file I sent the ABC Drum Unleashed. I’m grateful they are allowing both sides of the story to get some airtime (though Bob Carter’s , and Marc Hendrickx’s posts were both rejected. Hat-tip to Louis and Marc). Unfortunately the updated version I sent late yesterday which included some empirical references near the end was not posted until 4.30pm EST. (NB: The Australian spelling of skeptic is “sceptic”)

Somehow the tables have turned. For all the smears of big money funding the “deniers”, the numbers reveal that the sceptics are actually the true grassroots campaigners, while Greenpeace defends Wall St. How times have changed. Sceptics are fighting a billion dollar industry aligned with a trillion dollar trading scheme. Big Oil’s supposed evil influence has been vastly outdone by Big Government, and even those taxpayer billions are trumped by Big-Banking.

The big-money side of this debate has fostered a myth that sceptics write what they write because they are funded by oil profits. They say, follow the money? So I did and it’s chilling. Greens and environmentalists need to be aware each time they […]

Climate: bull or bear?

Just as the great bull run that could have no end, ended, another unthinkably big bubble quivers. Technical indicators are quietly being tripped that suggest the bull run in global temperatures may be toying with a reversal. Could another large human institution dependent on complex models be headed for it’s ‘Lehman Bros’ moment? […]

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. […]