Is that all? UN wants 4,6 or $10 trillion a year and “transformation of the world’s financial system

The would be King-Emperors of the world don’t just want to transform energy and change the weather, they also want to rebuild the entire financial system, no doubt to put the UN at the centre of the rivers of money.

By Jo Nova

Make no mistake, the lauded “loss and damages” fantasy plan was but a shiny bauble to distract you. The bigger ambit is to get the West to pay for the whole world to become a solar and windmill paradise and — “obviously” that means they have to rebuild the entire world’s financial system. (They actually say that).

Consider the numbers: The combined loss and damages claim for 55 countries over twenty years amounts to just $525 billion or a paltry $26 billion a year. But building all the useless renewable farms will supposedly require at least USD 4-6 trillion a year in investments.

Sensible investors will notice that it is 200 times as expensive to try to control the weather with windmills as it is to pay for all the current (theoretical) damage. Sadly, nobody is talking about sensible investments.

The UN announcement comes dressed up in a headline about the paltry Christmas fantasy payments to the third world. But a few paragraphs in are the “other details” about payments that are larger than most national GDP’s and the naked desire for the UN to be the conduit for the cash.

UN COP27 Reaches Breakthrough Agreement on New “Loss and Damage” Fund for Vulnerable Countries

[blah, blah, blah]

The cover decision, known as the Sharm el-Sheikh Implementation Plan, highlights that a global transformation to a low-carbon economy is expected to require investments of at least USD 4-6 trillion a year. Delivering such funding will require a swift and comprehensive transformation of the financial system and its structures and processes, engaging governments, central banks, commercial banks, institutional investors and other financial actors.

So much better to siphon from the centre, eh? Let me be your banker…

Think about how obscenely large this claim is in the strangely aptly named Sharm el-Sheikh Implementation Plan. On page 6 we casually find that there are layers of trillions, and despite the enormity of the values, no one bothered to explain if these are different additive trillions or overlapping trillions. And since the first reference has 54 mentions of the word “trillion” it isn’t easy to figure it out either. What does it matter, it’s only money?