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The Stock Market might save us

Ilyan | 29.10.2006 20:44

Stern and the LSE miss the danger?

We all saw the warning from the Global Commons Institue that Academics now belatedly try to deal with. They all missed the immediacy of the disaster ahead. A year ago Scientists were warning about the Methane that could come out of the melting permafrosted bog in Russia, there could be a twelve degree increase in global temperatures if the Methane did not burn, and that would be too hot for crops to mature.

About a week ago Scientists reported that the Methane was coming out of the bog at five times the predicted rate.

We await the full Stern Report. But unless it calls for an immediate stop to the use of fossil fuels it is irrelevant. Too late to talk of limiting emmissions. We are almost certainly over the brink and the guilty people are all those who rushed for economic growth.

It is just possible that the Sept 21st Financial Times report "Hedge Funds to use high-tech filter to harvest market gossip" - trawling through 40 million internet sources for market relevant info, means that people like George Soros are going to get this message and realise that unless there is a devastating stock market crash that knocks us back to 1932 when the Dow Jones Industrial average sank below 60, Mass extinction is certain.

The problem is that even if we stop the burning of all fossil fuels now, it may not be enough. Economists, Politicians, Scientists and Religions have done so much damage that only a miracle can save us. Economic collapse in the West now is too late to stop the growth in China, and probably in India. If there is any power left in God, and God does not intend a restart from scratch, there is going to be a global pandemic of Ibola and lethal human to human bird 'flu. Otherwise Satan has won.

It will be worth it for the laugh we get at Blair and Bush's expense.

Ilyan

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  1. Addition. Clarification. — Ilyan