The most amazing and costly scientific and financial fraud of all time is being exposed, bit by bit, and yet serious and intelligent people continue to cling to the fraudsters’ story. Writing in the UK Telegraph, Christopher Booker brings to light a starling discovery: that the world has actually been cooling since the 1930s, based on actual temperature observations.

…another damning example has been uncovered by Steven Goddard’s US blog Real Science, showing how shamelessly manipulated has been one of the world’s most influential climate records, the graph of US surface temperature records published by the National Oceanic and Atmospheric Administration (NOAA).

Goddard shows how, in recent years, NOAA’s US Historical Climatology Network (USHCN) has been “adjusting” its record by replacing real temperatures with data “fabricated” by computer models. The effect of this has been to downgrade earlier temperatures and to exaggerate those from recent decades, to give the impression that the Earth has been warming up much more than is justified by the actual data. In several posts headed “Data tampering at USHCN/GISS”, Goddard compares the currently published temperature graphs with those based only on temperatures measured at the time. These show that the US has actually been cooling since the Thirties, the hottest decade on record; whereas the latest graph, nearly half of it based on “fabricated” data, shows it to have been warming at a rate equivalent to more than 3 degrees centigrade per century.

But you would never know this to judge from the continued insistence from the global elites that we are doomed. Witness Hank Paulson, former Treasury Secretary and as certifiable a member of the world’s power elite as one can find, as a former CEO of Goldman Sachs and now heading an institute at the University of Chicago that is actually named for him.

Writing in the New York Times (where else?):

THERE is a time for weighing evidence and a time for acting. And if there’s one thing I’ve learned throughout my work in finance, government and conservation, it is to act before problems become too big to manage.

For too many years, we failed to rein in the excesses building up in the nation’s financial markets. When the credit bubble burst in 2008, the damage was devastating. Millions suffered. Many still do.

We’re making the same mistake today with climate change. We’re staring down a climate bubble that poses enormous risks to both our environment and economy. The warning signs are clear and growing more urgent as the risks go unchecked.

This is a crisis we can’t afford to ignore. I feel as if I’m watching as we fly in slow motion on a collision course toward a giant mountain. We can see the crash coming, and yet we’re sitting on our hands rather than altering course.

We need to act now, even though there is much disagreement, including from members of my own Republican Party, on how to address this issue while remaining economically competitive. They’re right to consider the economic implications. But we must not lose sight of the profound economic risks of doing nothing.

Translated: pay no attention to the actual data, now is the time to act out of panic.

Spot the charlatans!