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

Gold Prices (LBMA – USD, GBP & EUR – AM/ PM Fix)

15-Oct-19 1494.75 1487.80, 1183.69 1178.34 & 1357.08 1353.30
14-Oct-19 1494.20 1490.60, 1188.79 1182.94 & 1354.04 1352.12
11-Oct-19 1498.35 1479.15, 1197.93 1166.01 & 1359.90 1338.33
10-Oct-19 1508.20 1494.80, 1232.35 1222.75 & 1368.69 1356.38
09-Oct-19 1503.40 1507.25, 1228.43 1232.93 & 1369.00 1372.65
08-Oct-19 1500.00 1505.85, 1225.50 1233.14 & 1365.30 1372.28
07-Oct-19 1502.15 1501.25, 1221.40 1218.11 & 1369.36 1365.54
04-Oct-19 1509.50 1499.15, 1223.75 1220.01 & 1374.70 1366.78
03-Oct-19 1504.00 1517.10, 1221.70 1223.84 & 1372.25 1380.26