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This is one of the saddest articles I’ve ever read. It’s a lament by millennials that climate change is ruining their adult lives.

Never mind that global warming stopped in 1995, polar bear populations are thriving and sea level increases are only 1.5mm per year. That is about the width of a penny viewed from the side and not enough to raise the sea by one foot in 100 years. Climate change as it is portrayed by the alarmists is a hoax, but that has not stopped tens of millions of millennials from falling for it.

They have been told that the Earth’s climate will be irrevocably and catastrophically altered if massive economic changes are not implemented in the next 12 years. (Never mind that apocalyptic forecasts of a “new ice age,” “population bomb” and world starvation have been issued for the past 50 years and they have all been wrong.)

Millennials are not saving enough, not getting married and not having children because they believe (wrongly) that the future is catastrophically bleak for all concerned. This is a tragedy.

Marriage and children are a joy (despite challenges) and compound earnings on savings are the easiest way to get rich. These young adults are sacrificing their futures for fear of a nonexistent threat. This is the power of propaganda and miseducation combined.

This attitude also hurts economic growth because savings and population increases are two of the drivers of investment and productivity. Let’s hope a few more years of good weather and no climate catastrophes convince these millennials to put aside their fears and start thinking about a better future.

Institutional investors can schedule a proof of concept with the world’s first predictive data analytics firm combining human and artificial intelligence with complexity science. Check out Jim Rickard’s company at Meraglim Holdings to learn more.

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