rogerglewis
IMF Head on Climate: “we will be toasted, roasted and grilled”
Christine Lagarde, Managing Director of the IMF, By Français: Fonds monétaire international (identité du photographe non mentionnée) – http://www.imf.org/external/np/adm/pictures/caption2.htm, Public Domain, https://commons.wikimedia.org/w/index.php?curid=40012953Guest essay by Eric Worrall
IMF head Christine Lagarde suggested we’re all in big trouble if we don’t address climate change, while speaking at a conference in Saudi Arabia.
‘We will be toasted, roasted and grilled’: IMF chief sounds climate change warningChristine Lagarde warns of ‘dark future’ if the world fails to take steps to address global warmingThe world will be in deep trouble if it fails to tackle climate change and inequality, IMF managing director Christine Lagarde has warned.“If we don’t address these issues… we will be moving to a dark future” in 50 years, she told a major economic conference in the Saudi capital Riyadh on Tuesday.Lagarde said that “we will be toasted, roasted and grilled” if the world fails to…
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rogerglewis
This is the real reason why western mainstream media vilified Assad and it isn’t about Syrian democracy
Atta Kenare/Agence France-Presse — Getty Images“The people will believe what the media tells them they believe.”George OrwellThe war in Syria started way back in 1971 when President Nixon decided to no longer back US$ with the federal gold reserves, circulating additional money that was required to support the Vietnam War.During the Falklands War, Argentina adopted the same practice, turning its currency into a worthless piece of paper.That did not happen to the American currency US$ because Kissinger successfully negotiated with leaders of major oil-producing countries to trade their liquid commodities solely in the US$.For as long as there is a demand for oil, there is also a demand for US$, thus preserving the value of the American currency.This strategy worked well for the USA and the rest of the world.The stability of the US$ ensured a stability of oil prices and consequently…View original post 757 more words
rogerglewis
EXCHANGE RATING RUSSIA DOWN AND OUT
“Why Russia — a country with less money than Canada and fewer people than Nigeria — runs the world now” wondered the Canadian newspaper National Post in January. The piece doesn’t give useful answers: nuclear weapons, good diplomacy, yes, but also the usual claptrap about “ruthlessness” and “Abandon[ing] economic worries to double down on efforts to grab geopolitical status”; in short only a brute lashing out in delirium tremens. The editors should better have wondered whether the headline even made sense: the first point is wrong and the second irrelevant. But, like so much of what passes for analysis in the Western media, it’s written backwards: it’s decision-based evidence making.Talking about the relative insignificance of Russia’s GDP is an old game: Wikipedia says Canada’s GDP is greater than Russia’s and Germany’s is about two and a half times greater. These comparisons all assume that the price…View original post 792 more words
rogerglewis
#109: Still the Orient Express?
CHINA – a SEEDS APPRAISALThe development of SEEDS – the Surplus Energy Economics Data System – enables us to put individual economies under the magifying glass, and this discussion responds to reader requests by looking at China.Before we start, it’s necessary to remind ourselves that China remains a one-party state in which the authorities exercise considerable influence over the private sector. This matters, because the over-riding concern of the government is to avoid the unrest which would be likely to result from unemployment.This objective can be a tough call. Despite family control policies sometimes criticized by outsiders, the population of China does continue to expand, and has increased by an estimated 68 million – more than the entire population of Britain – since 2006. Additionally, Chinese citizens continue to migrate from the countryside in search of better-paid work in the cities. Together, these trends make itView original post 1,024 more words-
Atta Kenare/Agence France-Presse — Getty Images
7 thoughts on “Cashless Society, BlockChain, Global Warming, Gold, Carbon . Geo Political Full House.”