Tag: Climate hysteria

Doug Casey on How the Climate Hysteria Is Lowering Your Standard of Living

Via International Man

International Man: The carbon hysteria extends far beyond oil and gas companies.

One overlooked area is household appliances.

Politicians are implementing increasingly stringent regulations for dishwashers, washing machines, and other appliances. There have even been reports of a desire to phase out gas stoves.

What’s your take on all of this?

Doug Casey: As Der Schwabenklaus of the World Economic Forum boldly said some years ago, “You’ll own nothing and be happy.”

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Doug Casey on How You Can Make the Carbon Hysteria Your Friend

Via International Man

Carbon Hysteria

International Man: There’s no doubt that the carbon credits racket will be a drag on the economy. What do you think will happen, and is there anything you can do about it?

Doug Casey: As we discussed last week, having to buy carbon credits—carbon offsets—amounts to an onerous tax. They will result in much less efficiency in creating new wealth, much less wealth in general, and a much lower standard of living for the average human than would otherwise be the case. It will set back science and technology by decades. So that’s the bad news.

The good news is that no matter what happens, it’s possible to profit from trends, including this very adverse one.

For instance, if the stock market crashes, it’s a very bad thing for most people. But it can be a very good thing for a very small number of people who position themselves to take advantage of it. That’s the way I see this thing. Overall, it’s stupid and destructive, but it’s possible to turn a lemon into lemonade.

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