Economy and Finance Thread

NorthStar said:
You can do better than that Serge?
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I won't even bother Bob... The agenda is clear and in another post last night, which was removed by Mike, in which there was a good description of MASS HYSTERIA and how it unravels in a society, global warming is one of those hot button topics.

In the end, you and I both know one thing: Trillions upon trillions will be spent, the emissions will never be reduced to zero as the new UN report will suggest (impossible with nearly 8 Billion global population and each one of us wanting and needing something and not willing to compromise) the Earth will still keep on surprising us just like it did long before Homo Sapiens started even pondering such questions with their "evolved" prefrontal cortex that allowed them to think but not learn from history very well...

In the end, you and I will both pay more in taxes, pay more for all the goods and pay a whole bunch more for energy in the decades to come. Some 50 years later, the science will still not able to draw parallels between the well documented heating and cooling cycles that the earth in tandem with the sun goes through... We will look at history of centuries of extremely cold and extremely hot periods and still wonder why Africa was once a lush and green place and why Antarctica was once a tropical land mass....



When Antarctica was a tropical paradise | Antarctica | The Guardian
 
The report just came out this morning ...
▪︎AR6 Climate Change 2021: The Physical Science Basis — IPCC

3,000-plus-page report from 234 scientists. It will affect the economy more moving forward.
..Not the "Code Red: Humanity" report, but the reality of climate change, as what we see more and more now, in the last 10 years plus, ...the economy is going to get "hot" too ... figure of speech.

* Next year they'll come up with another report: Solutions for each country of the globe on how to improve the climate, and the economy consequently.
 
NorthStar said:
The report just came out this morning ...
▪︎AR6 Climate Change 2021: The Physical Science Basis — IPCC

3,000-plus-page report from 234 scientists. It will affect the economy more moving forward.
..Not the Red Code Humanity report, but the reality of climate change, as what we see more and more now, in the last 10 years plus, ...the economy is going to get "hot" too ... figure of speech.
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Nicely done. Without wasting a moment, the 3.5 Trillion dollar climate plan is already being outlined by those in power. There will be lots of cronies getting wealthy. The average Joe will just have to pay up as usual.
 
I should have verified the source when I said earlier that 97% of climate scientists believed in global warming and that man was at least partially responsible. I got fooled by some dumb @$$es from an agency on the internet. You know, the agency that sent a spacecraft millions of miles away, landed it on a smaller and faster spinning planet than Earth and landed it within 4 feet of the intended target. Those guys are pretty dumb.
 
And since China is tops on all the rare minerals and battery manufacturing, having us go green while they stay with fossil fuels means they control our economy and anyone else buying into this.
 
stereogeek said:
I should have verified the source when I said earlier that 97% of climate scientists believed in global warming and that man was at least partially responsible. I got fooled by some dumb @$$es from an agency on the internet. You know, the agency that sent a spacecraft millions of miles away, landed it on a smaller and faster spinning planet than Earth and landed it within 4 feet of the intended target. Those guys are pretty dumb.
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You believing all of that is whats stunning ...!



:roflmao:
 
China is definitely loving all of this. Please choke off your industries, lower the manufacturing output, or better yet, send ALL manufacturing to us in China, as you have done over the decades. We will build out cities (more than 50 in fact) to put our large 1.3 Billion population of hard working people to work, keep growing our economy and then take over the world before this century runs out.... Your people in the US can keep sitting on the couches and collect the stimmies...



HONG KONG: China will create millionaires at a quicker pace than the United States in the five years through 2025, as a rapid recovery from the world's worst public-health crisis in a century helps corporate chieftains generate and accumulate wealth faster, according to the 12th Global Wealth Report by Credit Suisse.

The number of US dollar millionaires in China will increase by 92.7% to 10.17 million by 2025, compared with a 27.8% rise in the US to 28.06 million US dollar millionaires over the same period, according to a projection by the Swiss lender.

"The rise of China's wealth between 2000 and 2020 is almost equal to the 80 years of growth of wealth in the US from 1925 until 2005," Anthony Shorrocks, an economist and the report's author, said in a video conference on Tuesday. "We are expecting very solid growth in wealth in the years ahead, in both China and India."

China will create millionaires over 3 times faster than US in 5 years







As far as pollution....

Each year more than 36,000 million tons of CO2 are released into the Earth’s atmosphere, it is the main source of the Greenhouse Gases that contribute to Climate Change. The most part of these gases comes from the use of fossil fuels, the generation of energy through non-renewable channels and polluting human activities.

The last report of the World Meteorological Organization (WMO) pointed out that during the last year recorded (2018), the concentration of CO2 in the atmosphere broke all records in the history of humanity. Specifically, the concentration reached 407.8 parts per million (ppm) in 2018, which represents almost a 47% higher level than the pre-industrial period, before 1750.

Top 10 polluters

However, the most part of this pollution comes from just a few countries: China, for example, generates around 30% of all global emissions, while the United States is responsible for almost 14%.In the ranking below you can find the 10 countries that produce the most emissions, measured in Millions of tons of CO2 in 2019.

China, with more than 10,065 million tons of CO2 released.
United States, with 5,416 million tons of CO2
India, with 2,654 million tons of CO2
Russia, with 1,711 million tons of CO2
Japan, 1,162 million tons of CO2
Germany, 759 million tons of CO2
Iran, 720 million tons of CO2
South Korea, 659 million tons of CO2
Saudi Arabia, 621 million tons of CO2
Indonesia, 615 million tons of CO2


Which countries are the world’s biggest carbon polluters? - Climate Trade
 
We all know about China; they have the most billionaires on the planet, they are the biggest polluter, their economy is strong, they are the most untrustworthy, they rule the earth's economy in the most despicable ways.

What are we going to do about it?
 
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