The climate scam is fueled by stupidity more than fraud

Let me hit you with a scene from the movie adaptation of Michael Lewis's book on the subprime mortgage crisis, The Big Short. Trust me, it will help crystallize what I am trying to convey about the climate hoax and clean energy scam.

First some context: in the movie, hedge fund manager, Mark Baum (Steve Carell) has purchased credit default swaps from derivatives trader, Jared Vennett (Ryan Gosling) as a short against $1 billion in subprime mortgage-backed securities. The scene opens with Vennett being yelled at and peppered with questions from Baum's associate, Vinny Daniel (Jeremy Strong). Jared is asked to explain why the price of bonds comprised of subprime mortgages has risen while subprime mortgage defaults have risen. I'll start there.

Vinny: Mortgage defaults are way up. Yet you quote us a higher price on the bonds. Tell me why we shouldn't pull out of this trade right now?

Jared: Listen, I told you when we did this deal the ratings agencies, the SEC and the big banks are clueless. So now their foot's on fire and they think their steak is done and you're surprised?

Mark: This isn't stupidity, this is fraud.

Jared: Hey, if you can tell me the difference between stupid and illegal I'll have my wife's brother arrested.

[snip]

I just don't think you guys realize how clueless the system is.

Yeah, there's shady shit happening but trust me, it's all fueled by stupidity. Face it, as cynical as you all are I think you still have a shred of respect left for the powers that be.

Vinny: Not me.

Jared: Okay, except Vinny.

So, this is my point. If one sifts through all the workings of the climate hoax with its Green New Deal and Net Zero Schema, one will find fraud, but what is really fueling it is an immense amount of stupidity and hubris. Just as the banks with their subprime valuation models pushed the banking system to ruin, so too, the IPCC with its dubious climate models is driving the world toward impoverishment.

Image generated by ChatGPT.