Wall Street’s Latest Scheme Is Monetizing Nature Itself Ellen Brown
https://scheerpost.com/2021/11/04/wa...nature-itself/
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By Ellen Brown / Original to ScheerPost
Excerpts go to fully hyperlinked article for this important commentary.
A month before the 2021 United Nations Climate Change Conference (known as COP26) kicked off in Scotland, a new asset class was launched by the New York Stock Exchange that will “open up a new feeding ground for predatory Wall Street banks and financial institutions that will allow them to dominate not just the human economy, but the entire natural world.” So writes Whitney Webb in an article titled “Wall Street’s Takeover of Nature Advances with Launch of New Asset Class”:
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The Real Threat to Mother Nature
"The federal government may have no constitutional authority to take the land, but a megalithic private firm such as BlackRock could do it simply by making farmers and local residents an offer they can’t refuse. This ploy has already been demonstrated in the housing market.
According to a survey reported in The Guardian on October 12, 2021, nearly 40% of U.S. households are facing serious financial problems, including struggling to afford medical care and food; and 30% of lower income households (those earning under $50,000 per year) said they had lost all their savings during the coronavirus pandemic. In the first quarter of 2021, 15% of U.S. home sales went to large corporate investors including BlackRock, which beat out families in search of homes just by offering substantially more than the asking price. Sometimes whole neighborhoods were bought up at once for conversion into rental properties.
BlackRock’s chairman Larry Fink is on the board of the World Economic Forum, which until recently featured a controversial promotional video declaring “You will own nothing, and you’ll be happy.”
We all want a clean environment, and we want to preserve species biodiversity. But that includes human biodiversity – acknowledging the rights of rural landowners and Indigenous peoples, the land’s natural stewards. The greatest threat to the land is not the people living on it but those well-heeled investors who swoop in to buy up the rights to it, financializing the earth for profit.
Not just private property but those public lands and infrastructure once known as “the commons” are now under threat. We face an existential moment in our economic history, in which accumulated private wealth is acquiring carte blanche control of the essentials of life. Whether that juggernaut can be stopped remains to be seen, but the first step in any defensive action is to be aware of the threat at our doorsteps."
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Ellen Brown
Ellen Brown is a regular contributor to ScheerPost. She is an attorney, founder of the Public Banking Institute, and author of thirteen books including the best-selling Web of Debt. Her latest book is Banking on the People: Democratizing Money in the Digital Age and her 400+ blog articles are at EllenBrown.com.
Author Site
https://ellenbrown.com/
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Re: Wall Street’s Latest Scheme Is Monetizing Nature Itself Ellen Brown
Bill Holter "It'll Be All Over" Be prepared! How much gold and silver is enough for you"
Re: Wall Street’s Latest Scheme Is Monetizing Nature Itself Ellen Brown
