Connect with us

Uncategorized

BBC: Climate Change Too Important To Be Left To Personal Choice

BBC: Climate Change Too Important To Be Left To Personal Choice

Authored by Mark Jeftovic via BombThrower.com,

Everyone will have to ratchet…

Published

on

BBC: Climate Change Too Important To Be Left To Personal Choice

Authored by Mark Jeftovic via BombThrower.com,

Everyone will have to ratchet down their standard of living by over 75%

A recent piece in BBC’s “Future World” series on its surface celebrates someone who choose to live an “ultra low carbon lifestyle”. They made a conscious and individual decision to bring their own personal carbon footprint down below 2 metric tonnes per year.

Throughout the developed world, per capita carbon output ranges from 4.46 (France) to Canada being the highest at 15.43.

Via GlobalEconomy.com

The article talks about the personal challenges around living an ultra-low carbon lifestyle. According to the piece, 2 tonnes/year is also about half the output of a single gas powered car in the US, so the first step for any Americans (or Canadians) wanting to do this, they would have to start by ditching their cars.

Other behaviours which move the needle would be: eating a plant based diet, buying green energy and forgoing one transatlantic round-trip per year.

In terms of what level of personal CO2 emissions gets the job done “for the climate”, estimates vary. While the 2 tonne number was somewhat arbitrary, there are other climate focused think tanks that feel the number has to be 1.4 tonnes of C02 per person by 2040 and 0.7 by 2050.

The Fallacy of per-capita output

Going back to Canada’s “excessive” carbon footprint – if we look at a metric that really means anything – total CO2 output – Canada is basically a rounding error to the world’s largest emitter, China.

At an average annual temperature at -4 to -5c celsius, Canada is also the coldest G7 nation. So perhaps we can forgive the Canucks for not wanting to freeze to death – even if it means emitting Co2 for heat. Also worth noting that far more humans are killed each year from being cold (17.7 million per year, on average) than from being too warm (2.2 million per year), roughly 8X.

Here’s the thing: everybody has to comply

While the overall timbre of the piece lauds the story’s protagonist (a communications officer at a climate non-profit) over her decision to make this lifestyle choice, sprinkled throughout are casual, back-handed references at where all this is going:

The ultra-low carbon lifestyle isn’t just for the eco-minded, it has to be for everybody. Or it isn’t going to work (“work” being defined as controlling the planet’s climate decades out).

“what do truly low-carbon lifestyles look like – and can they really be achieved by personal choice alone? the article laments.

Well if the answer is “no” then that means the ultra-low CO2 lifestyle has to be  for everybody. How we do that is a matter of “both individual and systems change”. By systems change is meant that

“with the right policies, infrastructure and technology in place to enable changes to our lifestyles and behaviour, we can reduce overall greenhouse gas emissions substantially by 2050…

In richer countries, this means moving towards a far lower carbon lifestyle for most people. But the changes to get there aren’t necessarily painful or even negative. For example, research has shown that good public services enable higher wellbeing at lower energy use.”

If you read between the lines we see the implications of this. It basically means that an ultra-low carbon lifestyle has to be brought about through systemic change, government policy and massively expanded public services – or said differently, increasing dependence on The State.

Private infrastructure – like cars – will have to become a thing of the past:

One major change would be to change how we move around. Akenji envisions a combination of public transport alongside micro-mobility systems (such as electric scooters and drones) which make it efficient and effective for people to reach it. Private cars, with their huge emissions and often empty seats, would largely be a thing of the past, he says, and car parks converted to green public spaces where people go to play, relax or do exercise.

The Climate Cult-ist ‘s Dilemma

We live in a world where many people believe many different things, but nowhere else do we find the kind of mandatory buy-in required as with the so-called climate crisis. Fortunately we’re hearing from an increasing number of scientists that there is no crisis, and whose voices are getting louder even in the face of corporate media “fact checking” and other headwinds of narrative control.

Climate crisis or not, I personally think decarbonization will happen anyway if for no other reason than that fossil fuel supplies are finite. With rational energy policies, including nuclear, natural gas and hybrid EVs (as opposed to full EV), we could significantly ratchet down CO2 emissions while still providing increased energy inputs to a world hungry for higher living standards.

Doomberg frequently quips that one’s standard of living can be measured by how much energy one can afford to waste. Somewhat glib perhaps, but he uses it to hammer home the point that energy is life (also his phrase, see this Tweet thread that goes deeper on why).

The reality is there is no viable path forward that makes reduced energy usage  and standard of living reductions a requirement, let alone mandatory. 

Doing so means telling the middle class to own nothing and eat bugs, while the elites parade through the city in lengthy motorcades on their way to the airport to wing it to Davos in their private jets. It means telling third-world nations to remain mired in poverty. And it means forcing the Chinese to stop building all those coal-fired plants and to keep the 600 million subjects there who are still living in extreme poverty, poor.

Via Forbes

Good luck with that.

The simple reality is that any desired policy or collective goal that requires 100% compliance from a population (let alone the entire world) will simply not occur. Even if 100% of the world’s population believed in anthropogenic global warming, you still wouldn’t achieve consensus on the forecasts, the models or how to implement a response.

For people who believe the climate emergency narrative (and make no mistake, it is a belief, like any other), the reality of this induces a type of eco-anxiety. Climate researchers and activists are sensitive to this dilemma and have created a word for it, “solastalgia”,

“the condition of feeling lonely, insecure and powerless because of the intense changes in one’s immediate environment, which can be caused by the acute impacts (e.g., floods and wildfires) of climate change, the chronic degradation of places caused by climate change (e.g., sea level rise) (Galway, Beery, Jones-Casey, & Tasala, 2019) or by human activity (e.g. mining, deforestation) (Albrecht et al., 2007Galway et al., 2019). Solastalgia is not nostalgia, because it is not a longing for a place from which one has moved, rather it is suffering from change and lack of control over it (Albrecht et al., 2007).”

If that weren’t bad enough, they also face cognitive dissonance over their own carbon footprints – not all, even many, of those involved in the fight for climate change are living ultra-low carbon lifestyles themselves, and that causes them eco-guilt. In this widely cited paper on the topic, 17 respondents were interviewed about their coping mechanisms around ‘the emerging “psychoterratic” syndromes such as eco-anxiety, eco-guilt, and eco-grief”, they were:

They reported feelings of helplessness, meaninglessness, that we’re all going to die, guilt over travel, guilt over their own carbon footprints, conflict with family over eco-awareness, the list goes on, but widely summed up as

Prophetic individual responsibility and Self-criticism, self- examination, self-blame… Prophetic individual responsibility included the participants’ sudden recognition of humanity’s or their own environmental impact, which was often described as an overwhelming burden. We called it prophetic because the participants reported that they had realized they knew more about the topic than other people, which made them feel responsible for enlightening others or evoked a desire to make others aware of the damage or impending disaster because otherwise there would be no change.

At their core, the anxieties faced by these people are indicative of the human condition itself: we all have unique insights into the world – and if we’re introspective and genuinely curious – we become attuned to system problems that we feel need addressing. All Bitcoiners understand the “Fix the Money / Fix the World” maxim. But the approach to orange-pilling people is markedly different from eco-sermonizing.

But beneath even that, we all face impermanence, uncertainty and even mortality. Part of our psychological process of individuation is to find meaning and purpose within it all. It’s called life. Only for most of us, while seeing that our emotional support structures incorporate  community, family and purpose, we realize that at our core we are, in our earthly incarnations – here alone, as individual souls. We must face the world as it is, and we each have a personal responsibility to grow into it under our own devices.

It is  mainly the eco-anxious, the collectivists and Marxists who believe it critical, even necessary that the entire world must conform to the same worldview “in order to save humanity”. It’s textbook messiah complex and narcissism (see Deconstructing Wokethink)

Weaponizing “eco-guilt” (a.k.a “Rigging the game”)

This eco-anxiety is so acute that many think it noble and just that the structure of society itself must be altered to fit the worldview. There are academic papers on using eco-guilt to motivate eco-friendly behaviours  (“eco-shaming”). In The Bitcoin Capitalist we’ve covered the UK’s “Nudge Units” which use social media influence operations to condition behaviors.

There is even one from Ross Mittiga, a professor of Political Theory at the Catholic University of Chile, and a democratic socialist (of course) who argues for the political legitimacy of authoritarianism to the point where political candidates must “pass a climate litmus test” before being permitted to run for office, and even overturning previous democratically driven policies if they are deemed harmful to the climate:

“Governments might also justifiably limit certain democratic institutions and processes to the extent these bear on the promulgation or implementation of environmental policy. This could involve imposing a climate litmus-test on those who seek public office, disqualifying anyone who has significant (relational or financial) ties to climate-harming industries or a history of climate denialism. More strongly, governments may establish institutions capable of overturning previous democratic decisions (expressed, for example, in popu- lar referenda or plebiscites) against the implementation of carbon taxes or other necessary climate policies.”

In the future it’ll be a lot more expensive to be free

This drumbeat for climate collectivism is going to get worse before it gets better. While it’s encouraging to see more reality being injected into the conversation – and eco-messiahs increasingly discrediting themselves through their lifestyles of conspicuous consumption – large swaths of the population are buying this story hook-line-and-sinker, and as Late Stage Globalism enters into its endgame, we expect policy makers to become more desperate and draconian.

CBDC’s will probably come out of the gate as personal carbon quota systems and mass adoption will be driven through UBI delivered on the rails of social credit systems and digital ID.

COVID was supposed to be a godsend for those seeking to create precedent for unlimited stimulus, quasi-UBI and prototypical social credit mechanisms through vaccine passports et al. Fortunately it was all too much, too soon and it appears as though the opposite may be happening.

Where another twenty years of operant conditioning and creeping totalitarianism may have provided the perfect setup for an enduring, technocratic authoritarianism, the widespread policy failures created a larger swath of population who is now wary and suspicious of the next “existential crisis”.

The 37 Trillion in new M2 money blowing out the currency system, the central banks forcing themselves into a corner on interest rates vs inflation, the new pandemic of “sudden and unexpected” excess mortality, and now various  Covid rockstars trying to distance themselves from their role in it all, it certainly looks as though the globalist elite of hyper-Liberalism have overplayed their hand.

That won’t preclude them from trying, however, and there are still many who think #CovidsNotOver, want to #BringBackMasks who will be all too eager to have their lives mediated and gamified via their smartphones and dramatically ratchet down their lifestyles in order to “save the climate”.

Let them.

But you don’t have to go along with it, but it will become more expensive to be free. Wealth taxes, windfall taxes, heavily regulated chokepoints between the rapidly deteriorating “fiat world” and the coming “anti-fiat” economy will require being a net producer, owning hard assets across multiple jurisdictions and networks, and garnering multiple income streams. The middle class is being demolished, and with calls to reduce living standards by over 75% (cutting personal emissions from an average if 8 tonnes per capita to 1.5 and then 0.7), it looks intentional.

“In the future, there will be only one occupation: managing one’s wealth. And most people are going to be unemployed”.

As I wrote in a recent issue of the premium letter:

The CBDCs will roll out, and intended or not, become full-fledged China-style social credit systems, from which “the smart money” flees into Bitcoin and other hard assets to preserve its wealth.

This leads to “The Great Bifurcation” scenario I’ve written about at length.

It’s where Neo-serfs who rely on The State for their economic survival live lives of quiet desperation and servitude, their carbon footprints metered, their behaviours monitored, nudged and shaped; their destinies largely out of their own hands. Life is something that just happens to them, punctuated by episodes of “gaming the algo” to score additional privileges or avoid punishment.

Marbled throughout this world would be enclaves, and networks of sovereign individuals and micro-states for whom life is a futuristic extrapolation of hyper-capitalism and mobility. This is the Sovereign Individual thesis meeting The Network State, writ large.

Become a sovereign individual in whatever manner suits you: own gold, stack sats, have a Plan B, work for yourself, not somebody else and for God’s sake, turn off the TV and stop subjecting yourself to the corporate media. Connect with like minded individuals and form both virtual and real communities and networks.

The defining tension of Late Stage Globalism will not be between “left” and “right” but between sovereign individuals and collectivists, decentralization vs centralization.

Join the Bombthrower mailing list and get a free copy of our investment thesis, or try The Bitcoin Capitalist: The monthly journal for today’s Sovereign Individual. Follow me on Nostr or Twitter.

Tyler Durden Mon, 05/08/2023 - 13:05

Read More

Continue Reading

Uncategorized

Aging at AACR Annual Meeting 2024

BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging…

Published

on

BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals

Credit: Impact Journals

BUFFALO, NY- March 11, 2024 – Impact Journals publishes scholarly journals in the biomedical sciences with a focus on all areas of cancer and aging research. Aging is one of the most prominent journals published by Impact Journals

Impact Journals will be participating as an exhibitor at the American Association for Cancer Research (AACR) Annual Meeting 2024 from April 5-10 at the San Diego Convention Center in San Diego, California. This year, the AACR meeting theme is “Inspiring Science • Fueling Progress • Revolutionizing Care.”

Visit booth #4159 at the AACR Annual Meeting 2024 to connect with members of the Aging team.

About Aging-US:

Aging publishes research papers in all fields of aging research including but not limited, aging from yeast to mammals, cellular senescence, age-related diseases such as cancer and Alzheimer’s diseases and their prevention and treatment, anti-aging strategies and drug development and especially the role of signal transduction pathways such as mTOR in aging and potential approaches to modulate these signaling pathways to extend lifespan. The journal aims to promote treatment of age-related diseases by slowing down aging, validation of anti-aging drugs by treating age-related diseases, prevention of cancer by inhibiting aging. Cancer and COVID-19 are age-related diseases.

Aging is indexed and archived by PubMed/Medline (abbreviated as “Aging (Albany NY)”), PubMed CentralWeb of Science: Science Citation Index Expanded (abbreviated as “Aging‐US” and listed in the Cell Biology and Geriatrics & Gerontology categories), Scopus (abbreviated as “Aging” and listed in the Cell Biology and Aging categories), Biological Abstracts, BIOSIS Previews, EMBASE, META (Chan Zuckerberg Initiative) (2018-2022), and Dimensions (Digital Science).

Please visit our website at www.Aging-US.com​​ and connect with us:

  • Aging X
  • Aging Facebook
  • Aging Instagram
  • Aging YouTube
  • Aging LinkedIn
  • Aging SoundCloud
  • Aging Pinterest
  • Aging Reddit

Click here to subscribe to Aging publication updates.

For media inquiries, please contact media@impactjournals.com.


Read More

Continue Reading

Uncategorized

NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked…

Published

on

NY Fed Finds Medium, Long-Term Inflation Expectations Jump Amid Surge In Stock Market Optimism

One month after the inflation outlook tracked by the NY Fed Consumer Survey extended their late 2023 slide, with 3Y inflation expectations in January sliding to a record low 2.4% (from 2.6% in December), even as 1 and 5Y inflation forecasts remained flat, moments ago the NY Fed reported that in February there was a sharp rebound in longer-term inflation expectations, rising to 2.7% from 2.4% at the three-year ahead horizon, and jumping to 2.9% from 2.5% at the five-year ahead horizon, while the 1Y inflation outlook was flat for the 3rd month in a row, stuck at 3.0%. 

The increases in both the three-year ahead and five-year ahead measures were most pronounced for respondents with at most high school degrees (in other words, the "really smart folks" are expecting deflation soon). The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at all horizons, while the median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—declined at the one- and three-year ahead horizons and remained unchanged at the five-year ahead horizon.

Going down the survey, we find that the median year-ahead expected price changes increased by 0.1 percentage point to 4.3% for gas; decreased by 1.8 percentage points to 6.8% for the cost of medical care (its lowest reading since September 2020); decreased by 0.1 percentage point to 5.8% for the cost of a college education; and surprisingly decreased by 0.3 percentage point for rent to 6.1% (its lowest reading since December 2020), and remained flat for food at 4.9%.

We find the rent expectations surprising because it is happening just asking rents are rising across the country.

At the same time as consumers erroneously saw sharply lower rents, median home price growth expectations remained unchanged for the fifth consecutive month at 3.0%.

Turning to the labor market, the survey found that the average perceived likelihood of voluntary and involuntary job separations increased, while the perceived likelihood of finding a job (in the event of a job loss) declined. "The mean probability of leaving one’s job voluntarily in the next 12 months also increased, by 1.8 percentage points to 19.5%."

Mean unemployment expectations - or the mean probability that the U.S. unemployment rate will be higher one year from now - decreased by 1.1 percentage points to 36.1%, the lowest reading since February 2022. Additionally, the median one-year-ahead expected earnings growth was unchanged at 2.8%, remaining slightly below its 12-month trailing average of 2.9%.

Turning to household finance, we find the following:

  • The median expected growth in household income remained unchanged at 3.1%. The series has been moving within a narrow range of 2.9% to 3.3% since January 2023, and remains above the February 2020 pre-pandemic level of 2.7%.
  • Median household spending growth expectations increased by 0.2 percentage point to 5.2%. The increase was driven by respondents with a high school degree or less.
  • Median year-ahead expected growth in government debt increased to 9.3% from 8.9%.
  • The mean perceived probability that the average interest rate on saving accounts will be higher in 12 months increased by 0.6 percentage point to 26.1%, remaining below its 12-month trailing average of 30%.
  • Perceptions about households’ current financial situations deteriorated somewhat with fewer respondents reporting being better off than a year ago. Year-ahead expectations also deteriorated marginally with a smaller share of respondents expecting to be better off and a slightly larger share of respondents expecting to be worse off a year from now.
  • The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 1.4 percentage point to 38.9%.
  • At the same time, perceptions and expectations about credit access turned less optimistic: "Perceptions of credit access compared to a year ago deteriorated with a larger share of respondents reporting tighter conditions and a smaller share reporting looser conditions compared to a year ago."

Also, a smaller percentage of consumers, 11.45% vs 12.14% in prior month, expect to not be able to make minimum debt payment over the next three months

Last, and perhaps most humorous, is the now traditional cognitive dissonance one observes with these polls, because at a time when long-term inflation expectations jumped, which clearly suggests that financial conditions will need to be tightened, the number of respondents expecting higher stock prices one year from today jumped to the highest since November 2021... which incidentally is just when the market topped out during the last cycle before suffering a painful bear market.

Tyler Durden Mon, 03/11/2024 - 12:40

Read More

Continue Reading

Uncategorized

Homes listed for sale in early June sell for $7,700 more

New Zillow research suggests the spring home shopping season may see a second wave this summer if mortgage rates fall
The post Homes listed for sale in…

Published

on

  • A Zillow analysis of 2023 home sales finds homes listed in the first two weeks of June sold for 2.3% more. 
  • The best time to list a home for sale is a month later than it was in 2019, likely driven by mortgage rates.
  • The best time to list can be as early as the second half of February in San Francisco, and as late as the first half of July in New York and Philadelphia. 

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June. A new Zillow® analysis of 2023 sales found that homes listed in the first two weeks of June sold for 2.3% more, a $7,700 boost on a typical U.S. home.  

The best time to list consistently had been early May in the years leading up to the pandemic. The shift to June suggests mortgage rates are strongly influencing demand on top of the usual seasonality that brings buyers to the market in the spring. This home-shopping season is poised to follow a similar pattern as that in 2023, with the potential for a second wave if the Federal Reserve lowers interest rates midyear or later. 

The 2.3% sale price premium registered last June followed the first spring in more than 15 years with mortgage rates over 6% on a 30-year fixed-rate loan. The high rates put home buyers on the back foot, and as rates continued upward through May, they were still reassessing and less likely to bid boldly. In June, however, rates pulled back a little from 6.79% to 6.67%, which likely presented an opportunity for determined buyers heading into summer. More buyers understood their market position and could afford to transact, boosting competition and sale prices.

The old logic was that sellers could earn a premium by listing in late spring, when search activity hit its peak. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest. If mortgage rates follow, that could bring another surge of buyers later this year.

Mortgage rates have been impacting affordability and sale prices since they began rising rapidly two years ago. In 2022, sellers nationwide saw the highest sale premium when they listed their home in late March, right before rates barreled past 5% and continued climbing. 

Zillow’s research finds the best time to list can vary widely by metropolitan area. In 2023, it was as early as the second half of February in San Francisco, and as late as the first half of July in New York. Thirty of the top 35 largest metro areas saw for-sale listings command the highest sale prices between May and early July last year. 

Zillow also found a wide range in the sale price premiums associated with homes listed during those peak periods. At the hottest time of the year in San Jose, homes sold for 5.5% more, a $88,000 boost on a typical home. Meanwhile, homes in San Antonio sold for 1.9% more during that same time period.  

 

Metropolitan Area Best Time to List Price Premium Dollar Boost
United States First half of June 2.3% $7,700
New York, NY First half of July 2.4% $15,500
Los Angeles, CA First half of May 4.1% $39,300
Chicago, IL First half of June 2.8% $8,800
Dallas, TX First half of June 2.5% $9,200
Houston, TX Second half of April 2.0% $6,200
Washington, DC Second half of June 2.2% $12,700
Philadelphia, PA First half of July 2.4% $8,200
Miami, FL First half of June 2.3% $12,900
Atlanta, GA Second half of June 2.3% $8,700
Boston, MA Second half of May 3.5% $23,600
Phoenix, AZ First half of June 3.2% $14,700
San Francisco, CA Second half of February 4.2% $50,300
Riverside, CA First half of May 2.7% $15,600
Detroit, MI First half of July 3.3% $7,900
Seattle, WA First half of June 4.3% $31,500
Minneapolis, MN Second half of May 3.7% $13,400
San Diego, CA Second half of April 3.1% $29,600
Tampa, FL Second half of June 2.1% $8,000
Denver, CO Second half of May 2.9% $16,900
Baltimore, MD First half of July 2.2% $8,200
St. Louis, MO First half of June 2.9% $7,000
Orlando, FL First half of June 2.2% $8,700
Charlotte, NC Second half of May 3.0% $11,000
San Antonio, TX First half of June 1.9% $5,400
Portland, OR Second half of April 2.6% $14,300
Sacramento, CA First half of June 3.2% $17,900
Pittsburgh, PA Second half of June 2.3% $4,700
Cincinnati, OH Second half of April 2.7% $7,500
Austin, TX Second half of May 2.8% $12,600
Las Vegas, NV First half of June 3.4% $14,600
Kansas City, MO Second half of May 2.5% $7,300
Columbus, OH Second half of June 3.3% $10,400
Indianapolis, IN First half of July 3.0% $8,100
Cleveland, OH First half of July  3.4% $7,400
San Jose, CA First half of June 5.5% $88,400

 

The post Homes listed for sale in early June sell for $7,700 more appeared first on Zillow Research.

Read More

Continue Reading

Trending