[yor_on]

and from this type of thinking, and your game of inequality you now are ready to tackle global warming, and the rest of our mistakes, if I got you right?

[yor_on]

you are funny, in a very sick way.

[yor_on]

Inequality, and jobs.

https://www.theguardian.com/inequality/2021/mar/11/majority-think-covid-has-increased-uk-social-inequality-survey-shows

But no sharing, just jobs, any job, doesn't matter what it is as long as it is a job, right? It's better than starving.

[yor_on]

Logic's and jobs. How your hunger can be used for profits, like a whip.

[yor_on]

This one is one of the funniest.

" By January this year the price of a bitcoin had reached $42,000. At this rate, miners would earn just over $15bn annually. “With 60% of this income going to pay for electricity, at a price of $0.05 per kWh [kilowatt hour], the total network could consume up to 184TWh per year,” estimates De Vries.

That energy use is about the same as the 200TWh consumed by every datacentre for every other digital industry globally. The size of bitcoin’s electrical footprint means the carbon emissions are substantial.

The paper cites an assumption of 480-500g of carbon dioxide produced for every kWh consumed. “A total energy consumption of 184TWh would result in a carbon footprint of 90.2m metric tons of CO2,” De Vries writes in the journal Joule, “which is roughly comparable to the carbon emissions produced by the metropolitan area of London.” "

Generating 'bit coins' :)

It's such a nice example of greed.

https://www.theguardian.com/technology/2021/mar/10/bitcoin-rise-could-leave-carbon-footprint-size-london

[yor_on]

I have to mention this.  https://www.theguardian.com/australia-news/2021/mar/11/moroccan-court-approves-australian-citizens-extradition-to-saudi-arabia

Because it sux, and we know that Australia will be found toothless, don't we?

[yor_on]

I hope I'm wrong.

[yor_on]

This is interesting.    https://www.bbc.co.uk/news/technology-56350362

'White hats' versus 'Black hats'
Open source versus closed source
Responsibility versus profits

[yor_on]

And that was all from the headlines of the BBC.

[yor_on]

Responsibility.

" On January 28th the Swiss National Contact Point (NCP) for the OECD Guidelines accepted the specific instance filed by the Society for Threatened Peoples (STP) against Swiss Bank UBS related to the bank’s business relationship with Hikvision, a company that is aiding China’s mass surveillance and genocide of  Uighurs. This is the first OECD NCP complaint to focus on a financial institution’s asset management business and passive products. Up until now, the NCP procedure has focused on asset owners’ direct shareholding or banks’ mainstream lending.

In its assessment, the Swiss NCP concluded that “a direct link between UBS’s products and services and the alleged human rights violations could not be excluded”. The Swiss acceptance of the case is significant because it represents the first time an NCP has recognized the responsibility banks have for their passive investments through indexed funds.  In recent years, the asset management industry has seen a significant shift towards passive investment strategies, by which funds are typically invested in an index rather than in actively traded shares. Currently, over USD 10 trillion is invested in passively managed funds globally, so the recognition of banks’ responsibility for addressing impacts caused by these investments is important. "

https://www.banktrack.org/article/swiss_ncp_misses_the_mark_on_nominee_shareholdings_in_ubs_case

[yor_on]

" US investors are the single largest provider of institutional investment to companies on the Global Coal Exit List. With shares and bonds in value of USD 602 billion, US investors collectively account for 58% of institutional investments in the global coal industry.  “ While many large EU investors have begun screening coal companies out of their portfolios, the vast majority of US investors have refused to adopt coal exit policies.

Our research underscores how dire the consequences of this failure are,” says Katrin Ganswindt. “We welcome President Biden’s Executive Order to end public financing for fossil fuels abroad, but the new administration must also address the role of Wall Street as a huge driver of climate pollution around the world. Its massive investments in the coal industry are driving us ever deeper into a climate crisis,” comments Paddy McCully, Climate and Energy Program Director at Rainforest Action Network.

With holdings of USD 81 billion, investors from Japan account for the second highest share of institutional investments in the coal industry. Japan’s Government Pension Investment Fund alone holds bonds and shares in value of USD 29 billion in companies listed on the GCEL.

The third largest group are UK investors, whose collective holdings in the coal industry amount to USD 47 billion. “While the UK government recently announced that it will end public financing for overseas fossil fuel projects in 2021, most UK institutional investors have not even begun to expel coal from their portfolios. Unless they do their homework soon, the UK-hosted COP 26 will become a big embarrassment for these institutions,” states Katrin Ganswindt. "

https://www.banktrack.org/article/groundbreaking_research_reveals_the_financiers_of_the_coal_industry

[yor_on]

I'm pretty sure some people f*ng hate me by now :)

[yor_on]

It's never nice to get your dirty laundry hanging out for all to see. And that goes for all banks, Swedish as well as internationally.

[yor_on]

Studies

" $341bn or 18.0% of spending was green, mostly accounted for by a small group of high-income countries. Global recovery spending has so far missed the opportunity for green investment.

As of February 2021, the Observatory contains more than 3,500 policies across the world’s 50 largest economies. It is updated weekly. The database itself will be hosted on the Oxford SSEE, GFPN, and UNDP Data Futures websites. Explore the data visualization of the findings on UNDP’s Data Futures Platform "

https://www.unep.org/news-and-stories/press-release/are-we-track-green-recovery-not-yet

and we never will be under this game.
0n track that is.

[yor_on]

Think you can wake up?

[yor_on]

Nobody wants to take a loss, and for a bank taking a loss it means losing confidence. Confidence and trust. Your greed is perfectly exemplified 'generating bit coins' and it builds also on trust. Well, you have your electricity consumed too but it is a question of pyramid schemes and trust. Banks losing confidence means you rushing to it to take out your money.

Banks don't have that money. That's not how it works, they 'invest' it. And they write up and they write down their 'assets' depending on their economy. It's also a pyramid scheme, and when you come running it fails,

[yor_on]

A depression is more or less truth staring in your face.

[yor_on]

Let me repeat that, it's a pyramid scheme. One of the most intricate schemes existing. Built for gaining profits, there is nothing better than to have a bank, if you can afford opening it. As long as there is trust it will generate money from nowhere for you.

[yor_on]

Just as your 'bit coins' do.

[yor_on]

If earth 'worked' the same way profits do it would have gone bankrupt very fast. It doesn't work that way, you do.