Posted on 08/01/2019 12:10:38 PM PDT by Oldeconomybuyer
A few years ago, Mark Carney, a former Goldman Sachs director who now leads the Bank of England, sounded a warning. Global warming, he said, could send the world economy spiraling into another 2008-like crisis. He called for central banks to act aggressively and immediately to reduce the risk of climate-related catastrophe, taking the warming planet as seriously as they would a cooling economy.
Adam Tooze, a history professor at Columbia University, knows quite a bit about central banks - and the Great Recession. Last year he published Crashed, an award-winning account of the 2008 collapse and its aftermath.
Now, Tooze asserts that the Fed needs to battle climate change in the same way. “If the world is to cope with climate change, policymakers will need to pull every lever at their disposal,” he writes. “Faced with this threat, to indulge in the idea that central banks, as key agencies of the state, can limit themselves to worrying about financial stability … is its own form of denial.”
Jerome Powell, the Fed chairman, would not call himself a climate-change denier. Indeed, he is probably the most powerful person in the American government who affirms climate science. Yet he has taken a subdued approach to mitigating climate change. In April, in a letter to Senator Brian Schatz, Powell wrote that “addressing climate change is a responsibility that Congress has entrusted to other agencies.” The Federal Reserve, he added, is using its tools to “prepare financial institutions for severe weather.” In England, by contrast, Carney has convened 33 central banks to investigate how to “green the financial system.” According to Axios, every powerful central bank is working with him - except for Banco do Brasil and the Fed.
(Excerpt) Read more at amp.theatlantic.com ...
He’s back! And sorely needed as the Global Warming scam proceeds with full fervor.
Good analogy. The fake science crisis of global warming is just as harmless as the fake economic crisis of 2008 - unless we pretend it matters. Believing that “climate change” matters can destroy the world economy, which is what the globalist left wants.
I haven’t seen that crusty Nazi in a while.
How Climate Change Propaganda Could Trigger the Next Global Financial Crisis
It’s cool. I have 11.5 years to save up!
OK!! Everybody pay attention!
Lesson for today:
1. The sun is 1,300,000 times as big as the earth.
2. The sun is a giant nuclear furnace that controls the climates of all its planets.
3. The earth is one of the sun’s planets.
4. The earth is a speck in comparison to the size of the sun.
5. Inhabitants of the earth are less than specks.
Study Question: How do less-than-specks in congress plan to control the sun?
They want to be able to make money buying and selling carbon credits and having corporations beg them for ‘access’.
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Redistribution of wealth from the West to the "Developing" World, with Goldman Sachs and friends earning commissions on the transfer.
Is that essentially accurate?
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