Bank Of England Warns Of An ‘Abrupt’ Financial Collapse Due To Climate Emergency

October 16, 2019

◆ Coming financial collapse will likely be due to climate change warns Bank of England governor

◆ Marc Carney warns of an “abrupt” financial collapse due to climate emergency and warns that companies that ignore climate crisis will go bankrupt

◆ Fighting climate change will drive up interest rates and we must avoid a “climate-driven ‘Minsky moment’ involving a sudden collapse in asset prices” warns Carney

◆ Carney realises that he and his central bank colleagues in the Fed and the ECB have created the real risk of financial collapse and contagion by creating a massive debt driven global asset bubble and is seeking to distract and deflect by blaming climate change

◆ Carney and the Bank of England have got us into this debt driven financial mess through negative interest rates and currency printing on a scale never seen before in history; not climate change

◆ Read Carney’s pronunciations in the Guardian here and watch our latest podcast where we consider the real causes of financial collapse and contagion below 

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

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