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Climate will fluctuate, just like stock market

June 27, 2013 at 1:27 a.m.


Editor, the Advocate:

As the stock market boomed, a year before the 1929 crash, Bernard Baruch suddenly sold all his stocks. Throughout the ensuing depression, he used the cash to buy stocks at dirt-cheap prices. After the war, he became a multimillionaire as many of his stocks rose tremendously in value. His stock market advice was eagerly sought. Asked why he had cashed in his high-flying stocks in 1928, Baruch said that one day he walked down the sidewalk from his office and, passing a line of shoeshine stands, overheard his shoeshine boy giving tips on stocks. A man once asked him, "What will the (stock) market do?" He answered, "The market will fluctuate."

Several years ago, a man wrote a successful book entitled "All I Need to Know I Learned in Kindergarten." Whenever I hear global warming (oops, "climate change") alarmists, such as Obama, peddling their snake oil "solutions," I recall my fifth-grade science course. We learned the two dominant causes of Earth's temperature changes - over neither of which man has any influence - are the frequency and intensity of volcanic eruptions. Man's impact is miniscule. In short, global temperatures, like stock prices, will fluctuate. Perhaps we need a book entitled "All I Need to Know About Global Climate Change I Learned in My Grade School Science Course."

A new book, "1816: The Year Without Summer," addresses the impact of a massive eruption of ash near Asia in 1815 and its huge reduction of temperatures in Europe and the United States over the ensuing 14 months. This occurred about three decades before the end of a five-century little ice age, whose causation and termination have yet to be understood.

Beware the snake oil peddlers. Your basic liberties and money are at risk.

Jack A. Mullins, Victoria

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