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Climate change could cause the next financial meltdown
The Virginian Pilot ^ | January 23, 2020 | by Jack Ewing, The New York Times

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: globalwarming; hoax; propaganda; socialism
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1 posted on 01/24/2020 6:07:30 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer
Climate change has already been blamed for deadly bush fires in Australia

Of course it has. It couldn't possibly be the cause of environmental extremists arsonists. Now could it.

2 posted on 01/24/2020 6:09:55 AM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Oldeconomybuyer

I’m getting Globull Warming fatigue.


3 posted on 01/24/2020 6:10:11 AM PST by crusty old prospector
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To: Oldeconomybuyer

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.


4 posted on 01/24/2020 6:12:02 AM PST by eyeamok
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To: Oldeconomybuyer

Could, might...
Super sciency


5 posted on 01/24/2020 6:12:47 AM PST by EEGator
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To: Oldeconomybuyer

....or not.


6 posted on 01/24/2020 6:12:56 AM PST by beethovenfan (Mene, Mene, Tekel, Upharsin)
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To: Oldeconomybuyer
Getting to the Bottom of EPA Climate Fraud

https://townhall.com/columnists/pauldriessen/2019/05/18/getting-to-the-bottom-of-epa-climate-fraud-n2546536

https://wattsupwiththat.com/2019/04/21/cooling-down-the-hysteria-about-global-warming/

Cooling Down the Hysteria About Global Warming

Guest Blogger / Guest essay by Rich Enthoven

http://www.floppingaces.net/2019/03/14/the-end-of-the-climate-hoax-is-coming/

The End of the Climate Hoax is Coming

https://www.americanthinker.com/blog/2019/03/new_peerreviewed_study_reveals_majority_of_scientists_are_skeptical_of_global_warming_crisis.html

Peer-reviewed study reveals majority of scientists are skeptical of ‘global warming crisis’

https://bigleaguepolitics.com/moseley-its-time-to-send-the-co2-obsessed-back-to-science-class/

It’s Time To Send The CO2-Obsessed Back To Science Class

https://www.americanthinker.com/blog/2019/01/the_top_12_climate_change_facts_debunked_in_2018.html

The top 12 climate change 'facts' debunked in 2018

https://coldclimatechange.com/carbon-dioxide-is-a-cooling-gas-according-to-nasa/

Carbon Dioxide is a Cooling Gas According to NASA

7 posted on 01/24/2020 6:17:50 AM PST by G Larry (There is no great virtue in bargaining with the Devil)
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Meanwhile, back on planet earth, the wuhan virus probably will ( though somehow it will be related to climate change)


8 posted on 01/24/2020 6:17:53 AM PST by Jakarta ex-pat
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To: Oldeconomybuyer
Climate change has already been blamed for deadly bush fires in Australia

This reporter should be fired before the weekend. Everyone knows the fires were deliberately started, with over 200 arrests so far.

9 posted on 01/24/2020 6:19:36 AM PST by montag813
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To: EEGator

“Super sciency”

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.


10 posted on 01/24/2020 6:19:56 AM PST by rightwingcrazy (;-,)
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To: Oldeconomybuyer

Still at it, ehh Joe ?

Quite the totalitarian legacy you’ve left us !


11 posted on 01/24/2020 6:20:55 AM PST by tomkat
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To: EEGator
Super sciency

LOL !

12 posted on 01/24/2020 6:22:01 AM PST by tomkat
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To: rightwingcrazy

Because one must scare people into belief and submission.


13 posted on 01/24/2020 6:23:21 AM PST by EEGator
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To: unixfox

Foolishly spending trillions of dollars on Climate change could cause the next financial meltdown.

There I fixed it.


14 posted on 01/24/2020 6:23:57 AM PST by nikos1121
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To: Oldeconomybuyer

If I weren’t to lazy, I’d find a pic of the “Aw jeez, not this shit again” guy.


15 posted on 01/24/2020 6:24:51 AM PST by Still Thinking (Freedom is NOT a loophole!)
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To: Oldeconomybuyer

Climate Change is blamed for a lot of things.


16 posted on 01/24/2020 6:27:39 AM PST by webheart
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To: Oldeconomybuyer
Could it also cause the next financial crisis?

fear + guilt + intimidation + appeal to ego + appeal to desire to fit in & be liked = manipulation

17 posted on 01/24/2020 6:28:25 AM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: Oldeconomybuyer

NYT / Climate Change insanity - bump for later....


18 posted on 01/24/2020 6:29:02 AM PST by indthkr
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To: Oldeconomybuyer

19 posted on 01/24/2020 6:29:50 AM PST by BeauBo
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To: Oldeconomybuyer

democRat Workshop (ongoing)

Panic, what is it and how fast can we attain it for political gain?


20 posted on 01/24/2020 6:29:59 AM PST by DoughtyOne (It's a New Year, and time to up our FR Monthlies by 5-10%. You'll hardly miss it and it will help.)
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