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#finance

anonymiss@despora.de
anonymiss

#Bank of #England moves to calm bond #market rout after #tax cut storm

source: https://www.reuters.com/world/uk/imf-moodys-censure-uk-policy-bank-england-says-will-act-big-2022-09-28/

Having failed to cool the sell-off with verbal interventions over the previous two days, the British central bank announced on Wednesday the immediate launch of an #emergency bond-buying programme aimed at preventing the market turmoil from spreading.

"Were #dysfunction in this market to continue or worsen, there would be a material risk to UK financial #stability," the BoE warned.

#finance #money #uk #politics #economy #news #warning #problem

Bank of England moves to calm bond market rout after tax cut storm

The Bank of England sought to quell the fire-storm in Britain's bond markets, saying it would buy as much government debt as needed to restore order after new Prime Minister Liz Truss's tax cutting plans triggered financial chaos.

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irreversiblechaos@iviv.hu
irreversiblechaos

https://abcnews.go.com/International/wireStory/pound-stabilizes-turmoil-continues-uk-economy-90564036

I have this feeling no one really knows how economies work and they just pick from the tree of hope the catch phrases they pray will keep them in power.

In the book replenishing the esrth James belich made the comment that economic booms needs a resource. This sound pretty common sense and so it is. Think of the great cod fisheries or the endless forests of the new world and outside that a resource could be cheap or skilled labour or even the time saved by just in time manufacturing but and there is always a but.

What happens when the resource runs out or competition catches up? the the boom ends. This is the reality of the west.. They have utilised the resources they had and when they could no longer extract compound growth they moved somewhere else. The booms that provided the initial wealth have faded all they have left is debt leverage and then nothing. But they still live in hope that a boom bringing dreams to reality is just around the corner. And all the time the debt grows.

There are people who advocate a steady state economy and this may be what we are approaching but with no way to pay the debt so just a steady decline in wealth.

#economy #finance #money #globalisation

Pound stabilizes but turmoil continues for UK economy

The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy

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rhoutman@pod.orkz.net
rhoutman

WHY DOES POPE IMPOSE DEADLINE FOR VATICAN TO TRANSFER ASSETS TO BANK "BY SEPT. 30'?
https://www.bitchute.com/video/bHGMBuwN46GK/

Downloaded from sonsofnoah1 on TikTok, this addresses the possible significance of the late-August news that appeared in the mainstream press, which reported that Pope Francis had imposed a deadline for Vatican to transfer assets to bank.
For related articles:
Pope imposes deadline for Vatican to transfer assets to bank
https://apnews.com/article/pope-francis-religion-00c8469e889d349f6e825a981e473e74
Pope puts faith in Vatican Bank to prevent repeat of London property scandal
https://www.catholicworldreport.com/2022/08/23/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30/

#vatican #bank #finance #2022 #sonsofnoah #1oct #nwo #wef #agenda2030

Why Does Pope impose deadline for Vatican to transfer assets to bank "by Sept. 30'?

Downloaded from sonsofnoah1 on TikTok, this addresses the possible significance of the late-August news that appeared in the mainstream press, which reported that Pope Francis had imposed a deadline for Vatican to transfer assets to bank. For relat…

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anonymiss@despora.de
anonymiss

How a #Billionaire’s “Attack #Philanthropy” Secretly Funded #Climate +Denialism and Right-Wing Causes

source: https://www.propublica.org/article/barre-seid-heartland-institute-hillsdale-college-gmu

Last month, The Lever and ProPublica as well as The New York Times detailed how Seid secretly handed a $1.6 billion fortune to a key architect of the Supreme Court’s conservative supermajority that recently eliminated federal protections for #abortion rights.

Steven Baer, a longtime friend and former adviser to Seid, said the businessman has long been “the major patron” for the Heartland Institute, a small Chicago-area think tank which for decades has attacked #mainstream climate #science. A top executive at Seid’s former company, Tripp Lite, served as the chairman of the group. Among the recent claims on the institute’s website: “US #Temperature Readings Are Junk, Negating Climate Science” and “96% of U.S. Climate Data Is Corrupted.”

#BarreSeid #politics #finance #altRight #news #money #propaganda #fake #fail #problem #future #emissions

How a Billionaire’s “Attack Philanthropy” Secretly Funded Climate Denialism and Right-Wing Causes

Emails and interviews reveal privacy-obsessed electronics magnate Barre Seid’s long history of backing efforts to attack climate science, fight Medicaid expansion, and remake the higher education system in a conservative mold.

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anonymiss@despora.de
anonymiss

But how would he pay the guards once even his #crypto was worthless? What would stop the guards from eventually choosing their own leader?

Source: https://www.theguardian.com/news/2022/sep/04/super-rich-prepper-bunkers-apocalypse-survival-richest-rushkoff

Not even the Cryotobillionaires believe that their crypto #money will still be worth anything after the end of the #world. Do you seriously believe that someone will trade you some bread for a USB stick in the end time?

#apocalypse #wealth #cryptocurrency #btc #bitcoin #crash #collapse #finance #armageddon #fail #humanity #future #problem

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part_of_you@diaspora.psyco.fr
part_of_you

UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System
November 5, 2021

The most powerful private financial interests in the world, under the cover of COP26, have developed a plan to transform the global financial system by fusing with institutions like the World Bank and using them to further erode national sovereignty in the developing world.

...This alliance, called the Glasgow Financial Alliance for Net Zero ( #GFANZ), was launched in April by John Kerry, US Special Presidential Envoy for Climate Change; Janet Yellen, US Secretary of the Treasury and former chair of the Federal Reserve; and Mark Carney, UN Special Envoy for Climate Action and Finance and former chair of the Bank of England and Bank of Canada. Carney, who is also the UK prime minister’s Finance Advisor for the #COP26 conference, currently cochairs the alliance with US billionaire and former mayor of New York City, Michael Bloomberg.

On its creation, GFANZ stated that it would “provide a forum for strategic coordination among the leadership of finance institutions from across the finance sector to accelerate the transition to a net zero economy” and “mobilize the trillions of dollars necessary” to accomplish the group’s zero emissions goals. At the time of the alliance’s launch, UK prime minister Boris Johnson described GFANZ as “uniting the world’s banks and financial institutions behind the global transition to net zero,” while John Kerry noted that “the largest financial players in the world recognize energy transition represents a vast commercial opportunity.” In analyzing those two statements together, it seems clear that GFANZ has united the world’s most powerful private banks and financial institutions behind what it sees, first and foremost, as “a vast commercial opportunity,” the exploitation of which it is marketing as a “planetary imperative.”

GFANZ is composed of several “subsector alliances,” including the Net Zero Asset Managers Initiative ( #NZAM), the Net Zero Asset Owner Alliance ( #NZAOA), and the Net Zero Banking Alliance ( #NZBA). Together, they command a formidable part of global private banking and finance interests, with the NZBA alone currently representing 43 percent of all global banking assets. However, the “largest financial players” who dominate GFANZ include the CEOs of #BlackRock, #Citi, #BankofAmerica, Banco #Santander, and #HSBC, as well as David #Schwimmer, CEO of the London Stock Exchange Group and Nili Gilbert, chair of the Investment Committee of the David Rockefeller Fund.

Notably, another #Rockefeller-connected entity, the Rockefeller Foundation, recently played a pivotal role in the creation of Natural Asset Corporations ( NACs) in September. These #NACs seek to create a new asset class that would put the natural world, as well as the ecological processes that underpin all life, up for sale under the guise of “protecting” them. Principals of GFANZ, including BlackRock’s Larry Fink, have long been enthusiastic about the prospects of NACs and other related efforts to financialize the natural world and he has also played a key role in marketing such financialization as necessary to combat climate change.
.....
[...]
Speaking to the World Economic Forum in 1998, Secretary General Kofi Annan made this shift explicit:« “The United Nations has been transformed since we last met here in Davos. The Organization has undergone a complete overhaul that I have described as a ‘quiet revolution.” . . . A fundamental shift has occurred. The United Nations once dealt only with governments. By now we know that peace and prosperity cannot be achieved without partnerships involving governments, international organizations, the business community and civil society. . . . The business of the United Nations involves the businesses of the world.”»
[...]

https://unlimitedhangout.com/2021/11/investigative-reports/un-backed-banker-alliance-announces-green-plan-to-transform-the-global-financial-system/

#Finance #Banksters #WorldBank #IMF #capitalism

UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System

The most powerful private financial interests in the world, under the cover of COP26, have developed a plan to transform the global financial system by fusing with institutions like the World Bank and using them to further erode national...

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