Welcome world tyrant Larry Fink.
US Fed. Reserve appoints BlackRock to manage its massive corporate debt purchase program in response to the Covid-19 crisis
counterpunch.org/2020/04/08/bla…
EU EC appoints BR to advise theguardian.com/business/2020/… on environmental, social & governance factors
US Fed. Reserve appoints BlackRock to manage its massive corporate debt purchase program in response to the Covid-19 crisis
counterpunch.org/2020/04/08/bla…
EU EC appoints BR to advise theguardian.com/business/2020/… on environmental, social & governance factors
Look at the graph The impoverishment of Emerging Marktes, EM, is now 5x harder than in the crisis 2008 bc non-residents, ie foreign "investors" like Larry Fink pull money from them to put it where 4% dividend is still possible - during the pandemic.
>1.5yrs of Covid dance around PPE until a vacc is ready, paired with acute crop loss due to climate change, is the tipping point on which the Anthroposphere will now slide into ruin if we don't stop Larry.
The $ crisis is too massive and bc of climate, no relief is on the horizon
The $ crisis is too massive and bc of climate, no relief is on the horizon
No state from Angola to Zambia can afford PPE. So their docs&nurses die -or food can't be imported in case of regional crop loss from climate change.
Moodys devalues Italy, S-Africa, Brasil etc. Germany wins bc Larry will buy her bonds instead - and dictate EU finance.
Moodys devalues Italy, S-Africa, Brasil etc. Germany wins bc Larry will buy her bonds instead - and dictate EU finance.
"We’re looking at a commoditiy price ...collapse.. unlike anything we’ve seen since the 1930s" watertownworks.com/imf-world-bank……
But not bc "commodities" vanished or lost their actual value.
No. Solely bc world tyrant-toddler Larry demands to continue to make profit.
During the pandemic!
But not bc "commodities" vanished or lost their actual value.
No. Solely bc world tyrant-toddler Larry demands to continue to make profit.
During the pandemic!
Why do Germans bailout BigCar and the car companies pay 4% dividend to their share holders during Covid?
Bc Larry is share holder. And Larry indirectly owns pension funds all over the globe.
That's why 200+ global govts bend de knee to Larry and don't dare to stop his obscenity
Bc Larry is share holder. And Larry indirectly owns pension funds all over the globe.
That's why 200+ global govts bend de knee to Larry and don't dare to stop his obscenity
After 2008, the fallout was gradual. It took 10yrs until the far-right *everywhere* visibly gained from the austerity that followed the negligence. Negligence which had led to 2008, and afterwards didn't attempt to prevent a repetition.
While main culprit Tyrant Larry thrived.
While main culprit Tyrant Larry thrived.
This time, the fallout is 5x more massive on EM. And there won't be a decade of false calm. But instead a sped up spiral of weather catastrophes.
Larry's pulling out money from already brittle states leads to even more nationalism and more far-right in power.
Larry's pulling out money from already brittle states leads to even more nationalism and more far-right in power.
Worldbank & IMF have funds for loans (with interest.. as if it were the EM's luxury debt) to "EM" for 2020. But Covid takes >1.5yrs until the vaccine.
And remember: they only need the loans bc Larry demands to continue his profiteering during a pandemic and during climate change.
And remember: they only need the loans bc Larry demands to continue his profiteering during a pandemic and during climate change.
Covid is already driving a bow wave of nationalism.
With impoverishment, the far-right will gain power in many world states more. People will face hunger, yet [police and military] governments will exert violence on populations. Bc Larry's Tyranny demands austerity from states.
With impoverishment, the far-right will gain power in many world states more. People will face hunger, yet [police and military] governments will exert violence on populations. Bc Larry's Tyranny demands austerity from states.
Far-right don't do climate protection. Tyrant Larry doesn't do climate change mitigation. Poor nations won't be able to wean off FF-energy.
So Covid's nationalist bow wave will be flanked by ever more weather extremes and the wave grows taller and taller over the coming decade.
So Covid's nationalist bow wave will be flanked by ever more weather extremes and the wave grows taller and taller over the coming decade.
Today's rightwing, nationalist or myopic decisions (like Merkel's everlasting Germany€First) set the tone for the coming decade:
until 2030, we must reduce CO2 by at least 50% globally -in pre-Covid-rich nations by 70% -
to have a 50% chance at 1.5C with an overshoot to 1.9C.
until 2030, we must reduce CO2 by at least 50% globally -in pre-Covid-rich nations by 70% -
to have a 50% chance at 1.5C with an overshoot to 1.9C.
Can you even imagine how an overshoot to 1.9C will look like? How many instances of global food shortages will arise on our way to 1.5C or 1.9C?
Our leaders today, now, and their decision for or against global solidarity and cooperation during the Covid crisis lock in our future
Our leaders today, now, and their decision for or against global solidarity and cooperation during the Covid crisis lock in our future
The tipping point is now. Either we, our leaders, dethrone Larry and decide for global solidarity and cooperation during Covid,
with food and home guarantees for all and a non-profit hiatus.
Or meaningful climate protection won't be pursued at all, anymore and barbarism follows
with food and home guarantees for all and a non-profit hiatus.
Or meaningful climate protection won't be pursued at all, anymore and barbarism follows
Today marks the tipping point in the Anthroposphere. Covid today sets in motion which way the ball rolls.
Global solidarity and cooperation during the Covid crisis sets the positive tone for the #ClimateEmergency in the crucial yrs to 2030.
But Larry's tyranny means barbarism.
Global solidarity and cooperation during the Covid crisis sets the positive tone for the #ClimateEmergency in the crucial yrs to 2030.
But Larry's tyranny means barbarism.
👉 describes more of the synchronous crises &offers as sole solution a temporary hiatus. Not a "system change". Societies might debate &prepare such change during the hiatus if they so choose. But priority #1 is getting Anthroposphere off the tipping point
@threadreaderapp
please unroll
please unroll
