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2050 is When Analysts Suspect Widespread Global Strife Will Begin

posted by martyb on Friday June 14 2019, @11:55PM   
from the the-end-is-near dept.

An Anonymous Coward writes:

On our current trajectory, the report warns, "planetary and human systems [are] reaching a 'point of no return' by mid-century, in which the prospect of a largely uninhabitable Earth leads to the breakdown of nations and the international order."

The only way to avoid the risks of this scenario is what the report describes as "akin in scale to the World War II emergency mobilization"—but this time focused on rapidly building out a zero-emissions industrial system to set in train the restoration of a safe climate.

https://www.vice.com/en_us/article/597kpd/new-report-suggests-high-likelihood-of-human-civilization-coming-to-an-end-in-2050

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Original Submission

• Re:Ponzi scheme Re:Ponzi scheme (Score: 1, Insightful) by Anonymous Coward on Sunday June 16 2019, @01:41AM (2 children)

  by Anonymous Coward on Sunday June 16 2019, @01:41AM (#856129)

  Normal inflation is the slow mitigation of debt by devaluing the amount owed, without actually decreasing the numerical amount. It mostly hits the middle class, who are the only ones with a significant portion of their wealth in cash, and the poor because wages always lag prices.
  If Trump decides to mint a few coins and use them to pay the debt, it will hit the 'banker cartel' who are currently owed those trillions of US debt. The screaming would be epic.

  In any case, the obvious answer to US debt is to nationalize the Federal Reserve Bank. There is no reason why the US should give all the money it prints to the international consortium of bankers who currently own the bank. At the very least they should revoke the Fed's right to print money, and return it to Treasury where it belongs.

  Parent

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• Re:Ponzi scheme (Score: 0) by Anonymous Coward on Sunday June 16 2019, @01:59AM

  by Anonymous Coward on Sunday June 16 2019, @01:59AM (#856135)

  +1

  Parent

• Re:Ponzi scheme (Score: 1) by khallow on Monday June 17 2019, @03:13AM

  by khallow (3766) on Monday June 17 2019, @03:13AM (#856469) Journal

  If Trump decides to mint a few coins and use them to pay the debt, it will hit the 'banker cartel' who are currently owed those trillions of US debt.

  And all those poor and middle class people who were dependent on dollars. At least the 'banker cartel' can move their assets out of dollar valued stuff.

  In any case, the obvious answer to US debt is to nationalize the Federal Reserve Bank.

  For what reason? You're already proposing hyperinflation of the dollar because you have this mistaken impression that a 'banker cartel' will get hurt worse than most US citizens.

  At the very least they should revoke the Fed's right to print money, and return it to Treasury where it belongs.

  Because that would make it easier for you to attack that 'banker cartel' via printing money? Sounds like a good reason not to "return" said "right" to the US Treasury.

  Parent