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Old NEM MB
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Bank of England Warns of an ‘Abrupt’ Financial Collapse Due To Climate EmergencyBank of England Warns of an ‘Abrupt’ Financial Collapse Due To Climate Emergency 16, October https://news.goldcore.com/bank-of-england-warns-of-an-abrupt-financial-collapse-due-to-climate-emergency/ ◆ Coming financial collapse will likely be due to climate change warns Bank of England governor ◆ Marc Carney warns of an “abrupt” financial collapse due to climate emergency and warns that companies that ignore climate crisis will go bankrupt ◆ Fighting climate change will drive up interest rates and we must avoid a “climate-driven ‘Minsky moment’ involving a sudden collapse in asset prices” warns Carney ◆ Carney realises that he and his central bank colleagues in the Fed and the ECB have created the real risk of financial collapse and contagion by creating a massive debt driven global asset bubble and is seeking to distract and deflect by blaming climate change ◆ Carney and the Bank of England have got us into this debt driven financial mess through negative interest rates and currency printing on a scale never seen before in history; not climate change ◆ Read Carney’s pronunciations in the Guardian here and watch our latest podcast where we consider the real causes of financial collapse and contagion below |
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