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Viewed from a distance, or through the eye of the All-Knowing CEO of the Universe, the crash of 2008 followed the usual pattern. A long-lived boom driven by cheap credit, going back as far as 1982 (though subject to interruptions in the mid-1980s and 1990s, and in 2001), came to grief because of a rise in the cost of borrowing money. ↗
The recent 'panic' to control greenhouse gas emissions and billions of dollars being dedicated for the task has me deeply concerned that US, and other countries are spending precious global funds to stop global warming, when it is primarily being driven by natural forcing mechanisms. ↗
