Posted May 10, 2016 by Martin Armstrong
Well, all the fools who believe in climate change/global warming will be ecstatic to know that they can help the planet through the new proposal from the United Nations and World Bank. These wonderful entities are now forecasting a shortage of water in places like the Middle East by 2050. The solution will be simple: they will tax the rest of us and raise the price of water so that we can “conserve” to help other counties from running out of water.
I really do not understand how raising taxes on water in the USA could help to preserve water in the Middle East — but hey, what do I know? What I do know is that Al Gore said New York would be under water by now because the ice caps were melting. That has not happened, yet now there will be a shortage of water? Does that imply that the ice caps grew larger? This is very confusing and the analysis is rather stupid. They assume whatever trend is in motion will remain in motion; so if the stock market rises today, well it will rise every day forever. Strange analysis.