Pirate's Cove

Well, really, anyone who isn’t a climate cultist will know this. Heck, most of the big wig grand poobah cultists will know this: they just don’t care. It’s a feature, not a bug

Climate Order Will Undermine U.S. Financial Stability

Late last month, President Joe Biden issued yet another executive order related to fighting climate change that will effectively conscript the U.S. financial sector into the climate war.

This executive order sets out to effectively transform the nation’s energy sector and the economy, writ large, based on the vapid claim that “intensifying impacts of climate change present physical risk to assets, publicly traded securities, private investments and companies – such as extreme weather risk leading to supply chain disruptions.”

Specifically, the president’s order directs federal agencies that oversee the private financial sector, including banks, insurers and investment firms, to assess “climate-related financial risk” of the stability of the federal government and U.S. financial system. This arbitrary, bureaucratic assessment of financial risk will then set the table for massive federal intervention into the U.S. private sector for it to divest from fossil fuels and redirect to more “green energy” projects.

Nowhere does the order deign to provide evidence nor actual science to back up such sweeping climate change rhetoric, much less justify the government’s massive market intervention—without even a vote by Congress—to re-direct trillions of dollars in the private sector economy.

That’s the point of “the debate is over” rhetoric: that there’s no need to supply any facts, proof, data, reasoning, and so forth. It just is, accept it, give us your money and freedom

President Biden and his administration of global warming generals would have us believe they are fighting a war to save Earth. Instead, it is ordinary Americans who are and will be paying for this pointless war with their jobs and livelihoods and even their retirement savings. All this, with zero guarantee it will impact the climate in any way. Compounding this futility is other large, fossil-fuel consuming nations like China, Russia and India, which have no such climate obsession.

Transitioning to “net-zero” greenhouse gas emissions by 2050, were it possible, is not cost-free, regardless how many illusory promises are made for good-paying green jobs. Every renewable energy source is produced and sustained by fossil fuels, which makes the “renewable” label a fallacy. Solar panels, wind turbines and electric car batteries cannot exist without oil and gas, including the ability to mine for the necessary raw materials to manufacture them.

All this will do will skyrocket energy prices, food prices, consumer goods prices, the overall cost of living.

President Biden’s recent executive order will increasingly make safe, abundant and affordable energy cost-prohibitive to low- and middle-income families. Rather than ensuring a stable U.S. financial system, this undemocratic action will undermine U.S. economic competitiveness, national security and financial stability.

They don’t care. Because they are a cult, and all they see is future Doom, despite the actual scientific measurements saying nothing is getting worse. Hurricanes are not, tornadoes are not, sea rise is not accelerating, etc and so forth. It will make people more reliant on Government, and Government have more control.

Yet, notice that most of these people pushing this, especially China Joe and his people, are not giving up their own use of fossil fuels, aren’t making their own lives carbon neutral. Surprise?