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Janet Yellen Admits The “Net Zero” Grand Reset Price Tag Will Be $150 Trillion
Janet Yellen Admits The “Net Zero” Grand Reset Price Tag Will Be $150 Trillion
For years, the climate change lobby was laser-focused on just one aspect of the “climate change” crusade: the end – which supposedly is some world where the temperatures no longer rise due to fossil fuel emissions (because we now live in a world of global warming as scientists agree, not to be confused with the global cooling hypothesis that emerged in the 1970s, when many were even warning of a new ice age) justifying the means. Meanwhile the “means”, or the final cost to taxpayers of all that endless, tedious virtual signaling, was almost never touched upon for a reason – as we first explained three weeks ago, the bill for getting the world from point A to that mythical, utopic point B, was so high, it would be double global GDP.
For those who missed it, here is an excerpt of what we wrote back on October 14, shortly after Bank of America published the definitive compendium on climate change and the coming Net Zero (i.e., great reset) world, and which we discussed in depth:
“while it is handy to have a centralized compendium of the data, a 5 minute google search can provide all the answers that are “accepted” dogma by the green lobby. But while we don’t care about the charts, that cheat sheets, or the propaganda, what we were interested in was the bottom line – how much would this green utopia cost, because if the “net zero”, “ESG”, “green” narrative is pushed so hard 24/7, you know it will cost a lot.
Turns out it does. A lot, lot.
Responding rhetorically to the key question, “how much will it cost?”, BofA cuts to the chase and writes $150 trillion over 30 years – some $5 trillion in annual investments – amounting to twice current global GDP!
…click on the above link to read the rest of the article…
Here is The Hidden $150 Trillion Agenda Behind The “Crusade” Against Climate Change
Here is The Hidden $150 Trillion Agenda Behind The “Crusade” Against Climate Change
We now live in a world, where bizarro headlines such as the ones below, have become a daily if not hourly occurrence:
- *TREASURY TO STUDY IMPACT OF CLIMATE ON HOUSEHOLDS, COMMUNITIES
- *TREASURY LAUNCHES EFFORT ON CLIMATE-RELATED FINANCIAL RISKS
- *BRAINARD: CLIMATE-SCENARIO ANALYSIS WILL HELP IDENTIFY RISKS
- *BRAINARD: CLIMATE CHANGE COULD HAVE PROFOUND ECONOMIC EFFECTS
- *MESTER: FED LOOKS AT CLIMATE CHANGE FROM VIEW OF RISKS TO BANKS
- *FED IS TAKING THE RIGHT COURSE ON MONITORING CLIMATE CHANGE
- *FED SHOULD CONSIDER CLIMATE-CHANGE RISK TO FINANCIAL SYSTEM
Now, in case someone is still confused, none of these institutions, and not a single of the erudite officials running them, give a rat’s ass about the climate, about climate change risks, or about the fate of future generations of Americans (and certainly not about the rising water level sweeping away their massive waterfront mansions): if they did, total US debt and underfunded liabilities wouldn’t be just shy of $160 trillion.
So what is going on, and why is it that virtually every topic these days has to do with climate change, “net zero”, green energy and ESG?
The reason – as one would correctly suspect – is money. Some $150 trillion of it.
Earlier today, Bank of America published one of its massive “Thematic Research” tomes, this time covering the “Transwarming” World, and serves as a massive primer to today’s Net Zero reality. The report (which is available to all ZH pro subs) is actually a must read, interesting, chock-full of data and charts such as these…
… and handy cheat sheets…
…click on the above link to read the rest of the article…
