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Bank of England Warns of an ‘Abrupt’ Financial Collapse Due To Climate Emergency - Mark O'Byrne - gold.ie

A cynical attempt on Carney's part to deflect the blame for the coming financial crisis. The central banks must shoulder the majority of the culpability with their ceaseless money printing, low interest rates etc. Carney is doubtless hoping the current hysteria about the environment will serve to distract people from what they will be facing.

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Début de l'article :◆ 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... Lire la suite

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