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Government officials and top climate scientists will meet in Berlin from April 7-12 to review the 29-page draft that also estimates the needed shift to low-carbon energies would cost between two and six per cent of world output by 2050.This third chapter of the Intergovernmental Panel on Climate Change (IPCC)'s Fifth Assessment Report will move away from the causes and scientific consensus of climate change (covered in the first chapter) and the impacts of global warming and changing climate patterns (covered in the second), and focus on the possible steps that can be taken to avoid the very worst case scenarios that scientists have set forth.
It says nations will have to impose drastic curbs on their still rising greenhouse gas emissions to keep a promise made by almost 200 countries in 2010 to limit global warming to less than 2 degrees Celsius over pre-industrial times.
[The] banks desperately desired a Central Bank, not to place fetters on their own natural tendency to inflate, but, on the contrary, to enable them to inflate and expand together without incurring the penalties of market competition. As a lender of last resort, the Central Bank could permit and encourage them to inflate when they would ordinarily have to contract their loans in order to save themselves. In short, the real reason for the adoption of the Federal Reserve, and its promotion by the large banks, was the exact opposite of their loudly trumpeted motivations. Rather than create an institution to curb their own profits on behalf of the public interest, the banks sought a Central Bank to enhance their profits by permitting them to inflate far beyond the bounds set by free-market competition.
Comment: Climate change = violence