Carney of Bank of England Claims Climate Change Will Make Pensions Worthless

QUESTION: Mr. Armstrong; Is the head of the Bank of England Mark Carney using climate change to claim that pension funds will be worthless? He is just insane or a fraud using this to cover up the pension fund crisis?

SK

ANSWER: There is just no possible way that climate change has anything to do with pensions. We actually have major institutions asking us to generate a theoretical green portfolio that DOES NOT LOSE MONEY just so they can claim they have some “green” in their portfolio.

Any investment in “green” companies has resulted in major losses. So there is no logic to what Carney is saying unless it is a cover-up for the pension crisis that is unfolding. Governments have ordered pension funds to buy government debts and then they take interest rates down to negative. The governments, without climate change, are ensuring that pensions will be worthless. It seems that he is using climate change as the excuse for the pension system failure.

He is clearly demonstrating what the elites think of the people – just stupid!

Latest Posts

Francis Scott Key Bridge Collapse – Black Swan Event

https://www.armstrongeconomics.com/wp-content/uploads/2024/03/FrancisKellyBridgeCollapse2024.mp4 The Francis Scott Key Bridge in Baltimore collapsed on March 26, 2024, at 01:28 EDT after being struck by a cargo ship owned by Brawner Builders Inc. The ship [...]
Read more

Trump is a Commodity – $DJT

The Biden-Harris campaign attempted to nickname Trump the “Broke Don” after the NY courts attempted to extort his fortune. They will need a new term as Trump is now a [...]
Read more