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  • Barclays Says Climate Disaster Will Collapse Major Currencies

    From bnnbloomberg.ca

    A severe climate shock in the next 50 years will wreak havoc on the global economy and upend currency markets as we know them, according to a new study by Barclays Plc. Analysts at the bank have published a model of emissions scenarios, along with predictions for how foreign exchange markets will be affected. In the most extreme case, they predict the Chinese yuan and Japanese yen could drop by more than 50% by 2070 because of the economic toll stemming from rising sea levels, air pollution and crop failure. It’s a dramatic estimate entailing unprecedented disaster and human suffering in some of the world’s most ... (full story)

  •  Guest
  • | IP XXXX:b3c7:a977
Can I borrow their crystal ball,
Apparently they didn’t see the current market nose dive or the transitory inflation ,
Suspect at best !
  •  Guest
  • | IP XX.XX.176.205
China has kept the powder dry with that one, if world collapses its internal market will finally kick into gear, having a major percentage of the world's population helps.
  •  Guest
  • | IP XXXX:b3c7:a977
China will have no one buying their cheap short term products, the planned obsolescence model.
Can’t eat an iPhone very well.
People locked in an 18th century mindset is obviously not the way forward . Or 19th century come to think about it .
What is Barclays now? A bank of crazy, off the wall libbies? Climate change, yeah OK. Look up history, the most severe hurricanes were in the 1800s, not talking about deaths, obviously they were high with no warning system. I'm talking about intensity. Heat? Hottest summers in the US were in the 1930s. I saw a headline the other day "deadly heatwave hitting the southwest US". Are you kidding me? It's 110-120 every year all summer......it's the FUCKING DESERT. I don't know what's worse....the looney libs or all the wackos that buy into their bullshit
Quoting pipmaster77
What is Barclays now? A bank of crazy, off the wall libbies? Climate change, yeah OK. Look up history, the most severe hurricanes were in the 1800s, not talking about deaths, obviously they were high with no warning system. I'm talking about intensity. Heat? Hottest summers in the US were in the 1930s. I saw a headline the other day "deadly heatwave hitting the southwest US". Are you kidding me? It's 110-120 every year all summer......it's the FUCKING DESERT. I don't know what's worse....the looney libs or all the wackos that buy into...
Weird.
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  • | IP XX.XX.14.91
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  • Story Stats
  • Posted: Jun 14, 2022 12:52pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 6  /  Views: 2,052