On the 21st of February, 1978, workers for the state-owned electrical company in Mexico City, Mexico were digging in a neighborhood near city center to bury some cables.
After digging about two meters below the street’s surface, they hit a large rock that their equipment could not penetrate. As they dug further, around the rock, they discovered it wasn’t natural… but instead a large stone disk that was at least hundreds of years old.
Archaeologists uncovered the rest. And it turned out that site had once been the location of the main Mexica/Aztec temple, known as Hueyi Teocalli in the native language.
Over the past several decades, the temple has been a treasure trove of Aztec cultural artifacts, providing incredible insight into how this civilization lived.
And among other things, archaeologists have found the remains of more than 600 skulls on the temple grounds– most likely victims of the Aztec’s human sacrifice rituals.
Human sacrifice has been a common practice throughout the history of many civilizations, from the Aztec and Maya, to the Celts and Babylonians.
And there always tended to be some High Priest or ruler who decided in his sole discretion that a blood offering to their gods was necessary… for the ‘greater good’ of their society.
(Naturally the rulers rarely offered their own blood; it was always some peasant who had to be sacrificed.)
This decree was rarely questioned. After all, the High Priest was an expert. And anyone who dared question his authority would most likely end up being the one sacrificed. So people had an incentive to keep their mouth’s shut and go along with the ritual.
Though we’re not quite as barbaric today, you can still see evidence of human sacrifice in our modern world. And COVID was a clear example.
The High Priests of Public Health decided that if anyone died for lack of cancer screenings, a drug overdose, or suicide, that was OK. As long as you didn’t die of COVID.
If your kids lost two years on their social and educational development, if your business closed, if your entire life was turned upside down, that was fine too.
Everyone was expected to sacrifice for the greater good.
Everyone, of course, except for the politicians.
Nancy Pelosi was infamously caught going to the hairdresser during home district of San Franciso’s lockdown… and then blamed the hairdresser for the transgression. Clearly Ms. Pelosi cares about the working class.
Chicago Mayor Lori Lightfoot was also caught going to the hairdresser after locking her constituents down, but she then justified her behavior saying “I take my personal hygiene very seriously.”
Then California’s governor Gavin Newsom was caught breaking bread with friends at a fancy restaurant in Napa Valley during his state’s lockdowns.
The list goes on and on.
We’re starting to see this same attitude applied towards Climate Change. Most recently, the ruling class had its big climate summit in Egypt called COP27; they flew in on their private jets and ate expensive steak, while their ideas for the rest of us include travel restrictions, taxes on cow farts, and eating bugs and weeds.
You just can’t make up this level of incompetence and hypocrisy.
The trend, though, is very real. Momentum towards climate regulation is only picking up speed. And it doesn’t look like there’s anything on the horizon to stop it.
It would at least be somewhat digestible if their ideas were actually sensible. But instead their ‘solutions’ are borderline insane.
They spent an entire day at COP27 talking about gender identity, as if that has something to do with the climate. They obsessed over incredibly inefficient sources of energy (like corn-based ethanol, which has soundly been proven to be one of the WORST and most INEFFICIENT forms of energy).
But was there any discussion at COP27 about nuclear power? None.
And that makes it really difficult to take these people seriously. They reject good ideas. And they keep coming up with bad ideas… which ultimately means less efficiency, more taxes, and more regulations.
I think it’s only a matter of time, for example, before many developed countries require airline passengers to buy carbon offsets when they travel… which will eventually be built into ticket prices. And we could easily see carbon taxes on gasoline, heating, and electricity.
This is one of the reasons why it’s so important to have a Plan B. COVID proved that, even in the most extreme situations, there are always some countries and cities that buck the trend and still act rationally.
That’s how I ended up in Cancun, Mexico to have my first child last year; it was one of the few places in the world where COVID didn’t really matter… where my wife and I could have a normal life and normal birth experience.
Most places in the world went nuts. But Cancun was an example of the handful of places that didn’t.
Similarly, there will be places that buck the climate regulation trend as well, and reject the taxes and insanity that most developed countries will inflict on their citizens.
So, rather than despair about what the future might look like, it’s far more productive to create new options for yourself… because more options means more freedom.
But in addition to these risks (which can be mitigated), climate fanaticism also creates a lot of opportunities.
Governments are literally pumping tens of billions of dollars into the sector, and that number is bound to grow in the future. So there are going to be a lot of ways to capitalize on their insanity.
This is the topic of our podcast today, and I walk you through the fundamentals of a few key examples, including the market for carbon credits.
I explain why the demand for carbon credits is most likely going to soar in the coming years… and why supply is heavily constrained. After all, it takes years. And years. And years… for forests to grow. And for bureaucratic organizations to issue carbon credits.
And there is significant opportunity in this demand/supply mismatch.