Warren Buffett is at least brutally honest as to why climate change alarmism means big business for his re-insurance business (from a 2014 interview):
Interviewer: How has the latest rise of extreme weather events changed the calculus on Ajit Jain in reinsurance?
Warren Buffett: “The public has the impression, because there has been so much talk about climate, that the events of the last ten years have been unusual. …They haven’t. We’ve been remarkably free of hurricanes in the last five years. If you’ve been writing hurricane insurance it’s been all profit.”
Warren Buffett: “I love apocalyptic predictions, because … they probably do affect rates…”
By Paul Homewood
The Economist has been running this video on Twitter, with the usual fraudulent claims.
The film uses two examples:
- Hurricane Harvey
- Bangladesh flooding.
They forget to mention that Texas has had even more intensive storms in the past, notably 1978 and 1979, and that Bangladesh regularly floods.
But the headline claim is based on this graph:
The first thing to highlight about this, which should really give the whole away as an giant fraud, is that there were apparently virtually no extreme weather events in the early 20thC. Nobody with half a brain could seriously believe this, but apparently Economist readers do.
There appears to be no provenance given for this graph, which in itself is utterly damning for a supposedly serious journal. But it seems to be based on a similarly fraudulent claim from the insurance company, Munich Re, which was doing the rounds a…
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