THE BROAD AND CLEAR VIEW with SILVIU COSTINESCU
Quarantined & Bored? We have just the best time-killing machine ever!
To be continued?
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“I’ve just been outside, the climate… the climate is gone!!!
The first historical instance of “climate denial”, by Silviu “Silview” Costinescu
As of today, there’s no more climate out there!
Temperatures, winds, humidity and all that… don’t exist anymore.
Good thing I have machines that maintain the climate in the house! Close all the windows now, don’t let my climate leak out!”
There you go, that’s what “climate denial” means, if you’re using English as a code for your communication. And no one has ever done it before me in the history of humanity!
There exist no climate deniers since no one has ever denied climate.
If you were thinking of people who deny the climate change, those are called “climate change deniers” in English. It’s a completely different group, since they’re denying different things. That’s if you operate the formal distinction between “climate” and “change”, but climate is change, factually, it’s anything but constant.
However, there has always been a small and fringe group of people who denied climate change of any sort. Note that in English “fringe” doesn’t mean “wrong”, they’re just not representative for large populations.
Remember: the correct denomination for this group is “climate change deniers”!
PLEASE RESPECT OUR NOUNS!
Lastly, but most importantly, quantitatively and scientifically, there’s the large mass of “climate change official narrative deniers“, people who deny establishment’s official story about the climate.
And that’s the third and most important group you need to be aware of and understand what they do.
But frankly, if you needed these clarifications, you seriously need professional help with your cognitive functions, not my blog posts. I mean it clinically, not mockingly.
Later edit: unsurprisingly, in the first couple of days since publishing, among the few negative comments this article got on social media, the most frequent theme is:
“I don’t get it, therefore you’re a stupid troll!”.
QED.
There is this mad scientist character in ‘The Walking Dead”, obsessed with turning zombies back, he never gives up, despite a long history of constant failures. Can we turn a functional illiterate and make him get it?
Help us find out, here’s a fun challenge:
Make the least wordy and the most visual version of my meme below, something a goldfish can understand. Then let’s each compare the feedback from goldfish and gretards. And the rest of menagerie that survives at the bottom of the human intelligence pit. My money is on goldfish.
To be continued?
Our work and existence, as media and people, is funded solely by our most generous supporters. But we’re not really covering our costs so far, and we’re in dire needs to upgrade our equipment, especially for video production.
Help SILVIEW.media survive and grow, please donate here, anything helps. Thank you!
! Articles can always be subject of later editing as a way of perfecting them
I’ve shown you in my previous articles that the weather and the climate are cash-cows for the financial elites regardless of whether they cool down or heat up. And you thought pandemics are anything less? I’m afraid not….
On June 28, 2017, The World Bank (International Bank for Reconstruction and Development) launched specialized bonds aimed at providing financial support to the Pandemic Emergency Financing Facility (PEF), a facility created by the World Bank to channel surge funding to developing countries facing the risk of a pandemic.
“This marks the first time that World Bank bonds are being used to finance efforts against infectious diseases, and the first time that pandemic risk in low-income countries is being transferred to the financial markets.”
The World Bank – June 28, 2017
Going through the IMF/IBRD official press-release published with the launch of this financial “A-Team”, it didn’t take long to spot something very interesting:
World Bank Group President Jim Yong Kim said. “We are moving away from the cycle of panic and neglect that has characterized so much of our approach to pandemics. We are leveraging our capital market expertise, our deep understanding of the health sector, our experience overcoming development challenges, and our strong relationships with donors and the insurance industry to serve the world’s poorest people. This creates an entirely new market for pandemic risk insurance. Drawing on lessons from the Ebola Outbreak in West Africa, the Facility will help improve health security for everyone. I especially want to thank the World Health Organization and the governments of Japan and Germany for their support in launching this new mechanism.”
The World Bank announced the creation of the PEF in May 2016 at the G7 Finance Ministers and Central Governors meeting in Sendai, Japan. The PEF will quickly channel funding to countries facing a major disease outbreak with pandemic potential. “Its unique financing structure combines funding from the bonds issued today with over-the-counter derivatives that transfer pandemic outbreak risk to derivative counterparties. The structure was designed to attract a wider, more diverse set of investors.”
According to The World Bank, the PEF has two windows. The first is an ‘insurance’ window with premiums funded by Japan and Germany, consisting of bonds and swaps including those executed today. The second is a ‘cash’ window, for which Germany provided initial funding of Euro 50 million. The cash window will be available from 2018 for the containment of diseases that may not be eligible for funding under the insurance window.
The bonds and derivatives for the PEF’s ‘insurance’ window were developed by the World Bank Treasury in cooperation with leading reinsurance companies Swiss Re and Munich Re. AIR Worldwide was the sole modeler, using the AIR Pandemic Model to provide expert risk analysis. Swiss Re Capital Markets is the sole book runner for the transaction. Swiss Re Capital Markets and Munich Re are the joint structuring agents. Munich Re and GC Securities, a division of MMC Securities LLC are co-managers.
Swiss Re Capital Markets Limited, Munich Re and GC Securities were also joint arrangers on the derivatives transactions.
The bonds will be issued under IBRD’s “capital at risk” program because investors bear the risk of losing part or all of their investment in the bond if an epidemic event triggers pay-outs to eligible countries covered under the PEF.
The PEF covers six viruses that are most likely to cause a pandemic. These include new Orthomyxoviruses (new influenza pandemic virus A), Coronaviridae (SARS, MERS), Filoviridae (Ebola, Marburg) and other zoonotic diseases (Crimean Congo, Rift Valley, Lassa fever).
PEF financing to eligible countries will be triggered when an outbreak reaches predetermined levels of contagion, including number of deaths; the speed of the spread of the disease; and whether the disease crosses international borders. The determinations for the trigger are made based on publicly available data as reported by the World Health Organization (WHO).
Countries eligible for financing under the PEF’s insurance window are members of the International Development Association (IDA), the institution of the World Bank Group that provides concessional finance for the world’s poorest countries. The PEF will be governed by a Steering Body, whose voting members include Japan and Germany. WHO and the World Bank serve as non-voting members.
In the past ten years, The World Bank brags about having has executed close to $2 billion in catastrophe risk transactions.
UPDATE: There’s more to it!
To be continued?
Our work and existence, as media and people, is funded solely by our most generous supporters. But we’re not really covering our costs so far, and we’re in dire needs to upgrade our equipment, especially for video production.
Help SILVIEW.media survive and grow, please donate here, anything helps. Thank you!
! Articles can always be subject of later editing as a way of perfecting them
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