America's total credit market debt now sits at nearly 800 percent of GDP; federal government debt exceeds 120 percent of GDP. The cumulative trade deficit since 1980 is $16.2 trillion; $6.6 trillion in the last ten years.
Now they've got their eyes on the entire global energy economy via carbon trading.
Which brings us to the next great idea to stimulate collateral formation without actually producing anything: the concept of publicly traded "Natural asset companies." This scheme, long in gestation, was formally proposed to the U.S. Securities and Exchange Commission in September 2023 by the New York Stock Exchange, which hoped to list these new companies.
Permitting these companies to be publicly traded would inject additional billions, if not trillions, of capital into their treasuries, which would dramatically increase the capacity of these buyers to acquire more farmland, rangeland, and other valuable rural properties.
If publicly traded natural asset companies come on the scene, the transfer of land from financially stressed families and small corporations into the hands of global financial interests will accelerate.
Asset stripping American factories and offshoring operations, turning banks and brokerages into publicly traded companies, inventing subprime mortgages, and securitizing them-it was just business.
Carbon trading and natural asset companies are a new type of financialization.
https://amgreatness.com/2024/03/13/the-financialization-of-nature/
No comments:
Post a Comment