The global warming hysteria is ending the way all hysteria ends, first with a trickle of contrary evidence then with a flood of admissions exposing the underlying fraud.

Part of this phenomenon is the classic madness of crowds, epitomized by the Tulipomania in Holland in the mid-1800s 1600s:

IN READING THE HISTORY OF NATIONS, we find that, like individuals, they have their whims and their peculiarities; their seasons of excitement and recklessness, when they care not what they do. We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.

The other part of this phenomenon is reflected in the recent housing bubble, when artificially low interest rates were perpetuated so as not to upset the markets. When that artificial stimulus proved insufficient to support the markets indefinitely, the underlying frauds in mortgage financing and related government policies were exposed.

So too with the manmade global warming bubble. Highly politicized science was needed to support hysterical claims that we needed to act right now, or it would be too late.

Few thought to connect the dots between the people pushing this hysteria and the financial interests which would profit from this bubble. Al Gore embodied both aspects of this bubble domestically, as he was the person who most singularly hyped fears from which he has profited. Internationally, the UN climate bureaucracy sought to supplant its policies for our sovereignty in order to redistribute wealth.

And as we are learning, politicized scientific grants, which only were given to scientists who agreed with the popular hypothesis, contributed to the silencing of scientific challenge.

Now the bubble is bursting, and the fraud is being exposed.

First there were the revelations of scientific dishonesty at one of the primary climate data centers in Britain, and the related revelations that scientists sought to silence dissenting points of view.

Now there are revelations that the alleged disappearance of glaciers and rainforests — two key elements in the hysteria — due to manmade global warming was based on shoddy research:

The fraud in the global warming scientific community does not prove that their conclusions are wrong. But before we base our public policies on those conclusions, these scientists need to open their books and theories to scrutiny and challenge, much as we require of public companies.

We also need to ask why most of this climate fraud is being uncovered by British journalists and bloggers of all nationalities, and why the American mainstream media largely has been a cheerleader for the global warming alarmists.

About the only good thing we can say about the global warming hysteria is that the bubble burst before we implemented Democratic cap-and-trade policies based on that hysteria.

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