Weather Trading Derivatives, The Epitome Of Disaster Capitalism
Dane Wigington geoengineeringwatch.org "Weather trading derivatives" are nothing more than a disaster based gambling casino run by the same global powers that are in many ways orchestrating the disasters in the first place. Weather "forecasts" are now the scheduled weather, major "forecasting" organizations are also owned by the power elite. "Weather risk management" is the term for the industry that is thriving from the rapidly increasing occurrences of weather disasters. A mission statement from one of the disaster capitalist companies is below. The weather can generate substantial economic losses. It is essential to take such risk seriously. Adverse developments in temperature, precipitation, wind, or other weather variables can result in losses for a multitude of companies and state entities. Risks derived from weather moves, independently of whether they are of a extreme or moderate nature, constitute an extended and permanent threat to a country´s productive capacity. Fortunately, these days there exist financial solutions that can provide efficient cover. Bolsas y Mercados Españoles (BME), through its BME Clima project, endeavours to assist those entities with economic exposures to the weather. The goal is to offer information, data, and specialized advice that can help clients gain awareness as to their exposures, analyze the historical and current behavior of the relevant variables, as well as understand the solutions available in the weather risk management markets. The weather is possibly the most extended risk within the business community. Unlike other sources of risk, such as interest rates or currencies, weather risk can be inevitable. "Global catastrophe reinsurance" industry is growing exponentially along with the exponential increase in "natural" (engineered) disasters. Source: Aon Benfield Securities, Inc. As temperatures tumble in North America, weather derivatives warm up. The completely engineered cool-down of the eastern US in the last two years has made fortunes for weather derivatives trading. The engineered drought in the US West has done the same. One of the more arcane financial innovations quietly continues to change and grow. Unusual atmospheric patterns don't hurt. Many have concluded that financial profit is the primary motive behind the ongoing climate engineering insanity, the true reality is exponentially larger, more complicated, and much more dire. From the methane release planetary emergency unfolding in the Arctic, to collapsing marine ecosystems, to the dying of forests around the globe, there are many layers to the immense challenges we face and geoengineering is connected to them all. In addition to all of this, the highly toxic climate engineering fallout is literally contaminating the entire planet and all living organisms on it. There will never be a shortage of those that are willing to profit from misery and destruction, but their "gains" will be short lived. Like pirates filling their pockets with loot while the entire ship goes down, the disaster capitalists will soon be forced to face the consequences of what they have so willingly participated in. We who are awake must combine our efforts to expose and halt the insanity while there is yet some part of the planet's life support systems left to salvage. DW