Extinction Rebels Work on Wall Street

Raising alarms about the climate extincting humans is not only fun, but profitable. Just ask J.P. Morgan who recently put out a treatise pumping up the alarm.  Tyler Durden writes at Zero Hedge “The Human Race Could Go Extinct”: JPMorgan Fearmongers Climate Change Impact In Leaked Report. Excerpts in italics with my bolds.

A new explosive report from JP Morgan was leaked out this week titled “Risky business: the climate and the macroeconomy” warns climate change poses a significant macroeconomic risk to the world economy and could result in a “catastrophic” event.

“The response to climate change should be motivated not only by central estimates of outcomes but also by the likelihood of extreme events (from the tails of the probability distribution). We cannot rule out catastrophic outcomes where human life as we know it is threatened,” the report advised its top clients.

JPM’s David Mackie and Jessica Murray, the authors of the report, said: “climate change would not only impact GDP and welfare directly but would also have indirect effects via morbidity, mortality, famine, water stress, conflict, and migration.”

They said the impact of climate had been underestimated by governments, adding:

“Something will have to change at some point if the human race is going to survive.”

The reason for this elaborate scheme is that after the 2008 financial crisis, where financial elites were bailed out and the middle class was left to rot, convincing the average person that money printing is needed once more would be a difficult task.

So again, financial elites created a fake climate change crisis to offer a policy prescription of money printing to protect their asset bubbles, but simultaneously, make everyone believe that it’s to transform the global economy into a much greener trajectory to save the planet.

“If no steps are taken to change the path of emissions, the global temperature will rise, rainfall pat-terns will change creating both droughts and floods, wildfires will become more frequent and more intense, sea levels will rise, heat-related morbidity and mortality will increase, oceans will become more acidic, and storms and cyclones will become more frequent and more intense.  And as these changes occur, life will become more difficult for humans and other species on the planet.”
–J.P.Morgan

And if you care to read JPM’s leaked report, here it is:

 

One comment

  1. hunterson7 · February 24

    Imagine the unprofessional narcissistic hubris to think that declaring an apocalypse is a rational approach to investing. I hope every energy company pulls their accounts from JPM unless they repudiate the report and fire the authors. This sort of bs really needs to be confronted.

    Like

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