Skip to comments.Climate change could cause the next financial meltdown
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 worlds 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 ...
Of course it has. It couldn't possibly be the cause of environmental extremists arsonists. Now could it.
I’m getting Globull Warming fatigue.
central banks and supervisors cannot consider itself immune to the risks ahead of us
Good, then we should Outlaw Central Banks today and go back to real money and real math.
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Meanwhile, back on planet earth, the wuhan virus probably will ( though somehow it will be related to climate change)
This reporter should be fired before the weekend. Everyone knows the fires were deliberately started, with over 200 arrests so far.
And always so negative. How about “Climate change could lead to a cure to cancer” or “climate change could hasten The Singularity, and bring us all to transcendence”. It’s possible, right? Maybe just an itsy bitsy bit. So it could. Science.
Still at it, ehh Joe ?
Quite the totalitarian legacy you’ve left us !
Because one must scare people into belief and submission.
Foolishly spending trillions of dollars on Climate change could cause the next financial meltdown.
There I fixed it.
If I weren’t to lazy, I’d find a pic of the “Aw jeez, not this shit again” guy.
Climate Change is blamed for a lot of things.
fear + guilt + intimidation + appeal to ego + appeal to desire to fit in & be liked = manipulation
NYT / Climate Change insanity - bump for later....
democRat Workshop (ongoing)
Panic, what is it and how fast can we attain it for political gain?
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