Marc Faber : The global warming alarmists - they may be right I don’t know as I am not a scientist but even the scientists don’t know for sure. There is huge money behind global warming issues. If you have energy conservation and you have this global warming with carbon credits, there is a huge business opportunity. Although there is huge business opportunity, they are not to do anything about it. So the two sides are antagonised by each other and they are going to fight it out like crazy.
One group will say the others don’t understand anything about global warming and the others will prove that the global warming today is what it was in the past 1000 or 2000 years.
There were period during which there were waves of warming climates and then waves of cooling climates. The last 10 years incidentally the climate has cooled down, it has not become warmer but I have to admit when I go to Switzerland, the glaciers are smaller than 30 years ago - that I agree. But I hear both arguments and I cannot tell you what is the reality. I just don’t know. I am an economist, I am not the scientist and even the scientists disagree with each other.
in Economic indiatimes
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