2021-10-19
Zerohedge reports on the gargantuan costs of getting to Net Zero over 30 years, as estimated by Bank Of America's latest thematic research report "Transwarming" World.
The five trillion dollars annually for 30 years it estimates would have to be met by - guess what - QE.
In a world already on its uppers due to pandemics (real or imagined) and consequent public upheaval, this I think comes under the heading of "it isn't going to happen", because it can't happen.
"... biggest QE episode in history, one wrapped in the "noble" veneer of fighting for the most important cause in the history of civilization, but in reality it's just the biggest wealth transfer scheme in history"
"it's all one giant spectacle meant for the masses"
There's a lot more in this article than you might think. It really does become apparent that the whole exercise is a vast indulgence in wishful thinking and whatever plans they may be grandiosely pontificating about are not at all well thought through.
But then, if the primary outcome sought is simply to scare us all into submission to communist control by the technocratic elite, it's probably neither necessary nor desirable to actually get to net zero (whatever that may mean) ever.
Read the report anyway - it's always good to know what the great and the good think is good for us. Or them.
