Posted on 01/24/2020 6:07:30 AM PST by Oldeconomybuyer
Climate change has already been blamed for deadly bush fires in Australia, dying coral reefs, rising sea levels and ever more cataclysmic storms. Could it also cause the next financial crisis?
A report issued this week by an umbrella organization for the world’s central banks argued that the answer is yes, while warning that central bankers lack tools to deal with what it says could be one of the biggest economic dislocations of all time.
The book-length report, published by the Bank for International Settlements in Basel, Switzerland, signals what could be the overriding theme for central banks in the decade to come.
“Climate change poses unprecedented challenges to human societies, and our community of central banks and supervisors cannot consider itself immune to the risks ahead of us,” François Villeroy de Galhau, governor of the Banque de France, said in the report.
Central banks spent much of the past 10 years hauling their economies out of a deep financial crisis that began in 2008. They may well spend the next decade coping with the disruptive effects of climate change and technology, the report said.
(Excerpt) Read more at pilotonline.com ...
But over the course of the next few millions of years, expect the climate to change from warm to glacial to warm to glacial...etc.
I wouldn't panic just yet. You're more likely to die in another ice age in the coming decades than from too many plants growing in northern latitudes.
I have lost much of the hair on the top of my head. I used to blame my bald father, but now I'm beginning to rethink that. Perhaps climate change is to blame instead? Sorry Dad.
It gets up to 120 F in the Australian outback EVERY YEAR.
You are GOING to have brush fires.
If this propaganda works we will have identified the REAL reason for the next economic meltdown.
Bankers are STOOOOOOPID.
Yes it could - a bunch of dopey business executives spending a fortune in their companies’ money to pursue some crazy “climate change” agenda that is the equivalent of throwing money in the furnace.
Increased costs of energy is gonna leave a mark.
Gaslighting the Public with Climate Change must end.
“Climate change could cause the next financial meltdown”
Isn’t THAT the Liberal objective?
Our sun controls the climates of all its planets. Politicians are going to change this? I don’t think so! The man-made-climate-change hoax is for control of citizens’ money.
Ever wonder why these climate change headlines all seem to have “might” or “could” in their warnings?
That’s how settled the science is.
It is more reasonable to believe that megascale idiotic investments in response climate hysteria could cause a financial meltdown.
Thanks for posting, I’ll have a read a bit later.
The climate isn’t going to steal my money, liberals are.
Of course.
Teslas Model Y for under $40K is going to revolutionize the auto world, as Ford did with his Model T. In 5 years, a third or more of American’s will be driving electric or hybrid electric cars now...
So, there, private enterprise will have done more to save the environment, and lower emissions from burning gas than the damn gov’t and bureaucrat asshats like Al Gore.
It will be the Left’s “solutions” for non-existent Climate change that cause the economic collapse.
It's the 'Bill Maher' approach - the 'elites' got theirs and causing massive pain for traditional American families is a 'price they're willing to pay' if they can get rid of Trump.
Of course the 'elites' won't pay a price - 'they got theirs' after all - - - but it's a plan the MSM has signed onto...
If we are indeed heading into a non-man-made deep solar minimum, oddly enough they may be right. Cold, or even cool is much worse than hot or warm.
“Polar stratospheric clouds are very rare. Normally the stratosphere has no clouds at all. PSCs form when the temperature in the Arctic stratosphere drops to a staggeringly-low -85 C. Then, and only then, sparse water molecules begin to coalesce into tiny ice crystals — the “stuff” of PSCs. High-altitude sunlight shining through the crystals creates intense iridescent colors.
“In a typical Arctic winter, PSCs appear two or three times at most. This winter is different. The clouds have nearly filled Arctic skies on dozens of occasions, with some longtime residents describing it as the best outbreak in a generation. No one knows why.”
Watch what they do, not what they say. Obama just bought a $13 million mansion in Martha’s Vineyard, located just a few feet above sea level.
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