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:

Source

 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!

FINANCIAL VACCINES: “OBSCENE” PANDEMIC INSURANCE BONDS ISSUED SINCE 2017 BY WORLD BANK AND WHO, WITH NO INTENT TO PAY OR HELP

To be continued?
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Did you know there’s a weather casino on the global market and each weather report enriches some douchebags? Wouldn’t that incentivize the said douchebags to rig the casino, let’s say through geoengineering, insider info, or simply by faking the reports?


HERE’S HOW YOU CAN BET ON WEATHER AND TEMPERATURES

” Weather derivatives are financial products that are closely linked to weather conditions. This product was created with the aim of reducing the variability of margins due to adverse weather events. Weather derivatives are customizable products: for example, if the temperature recorded in Milan in the winter period negatively affects revenues, through weather derivatives conditions can be managed more efficiently and risks reduced. Moreover, unlike other products, this solution allows to have a clear knowledge of economic exposure: the occurrence of certain weather conditions leads to a cash flow defined previously and limited to a maximum and a minimum. Weather derivatives, with a lower expenditure compared to traditional solutions, allow to protect oneself from risks that cannot be managed with other products.” This is how sellers like Enel advertise for their products. As always, the advertising is false.
If the dealers’ claims were true, the main outcome of this business would be protection and the main beneficiary would be agriculture. The reality sits at the opposite pole of the spectrum: agriculture is one of the least involved in this market, and the main application for this instrument has been financial speculation and gain for the traders.
Speculative trading is also encouraged by the main difference between insurances and weather derivatives: it’s not damage that requires retribution, but unforeseen weather developments. Like a spike in temperatures or a hurricane. Well, hurricanes not so much, since Sandy, they dumped products covering for such events and now it’s almost entirely a temperature-based casino.

“Since the contract is index-based, buyers of weather derivatives do not need to demonstrate a loss. In order to collect insurance, on the other hand, damage must be shown.”

Investopedia

JOIN THE DOTS: WEATHER MANIPULATION + WEATHER BETS = ?

Weather modification and meteorological warfare have been a preoccupation for governments around the world since quite a while now, there’s recorded meetings of the US Congress debating these topics since 1950’s. But recently it’s become a private business too. You can even buy the perfect weather for your wedding nowadays. I also know directly from the crew that worked on the Cold Mountain movie that they had weather modification on emergency call because they were losing production money waiting for a rain that was predicted by meteorologists and never came naturally.
So the question in the headline above is a no-brainer, I’m not going to insult your intelligence by answering it.
Instead I’m going to quote an witty anonymous comment on Internet:

“So all we have to do is check the CME on weather derivatives to see if there is a spike in purchases & we’ll know if we have a major weather event about to happen?”

IT GETS BETTER… I MEAN WORSE!

There’s a video below with a muppet “expert” from the weather casino claiming you can’t abuse the system with “superior information” because meteorologists can only predict accurately a few weeks ahead. Right. I thought we have computer models that tell us beyond any doubt what’s up in 2030 and we only have 18 months to live on the planet due to Global Warming, blah blah… Is that BS then? If so, no probs buddy, that’s not the only way to predict things, best way is to fulfill your own prophecies. As suggested above. And you can get help from your partners in politics.
Barack Obama announced in 2013 that he had signed S. 716, which repealed a requirement of the Stop Trading on Congressional Knowledge (STOCK) Act requiring high-ranking federal employees to disclose their financial information online.
“Versions of the STOCK Act had been introduced for several years, but it was fast-tracked at the Capitol following media reports that suggested members of Congress might have profited from private information obtained during their legislative work. Members singled out in the reports maintained their innocence, but the spotlight spurred quick action on enacting legislation emphasizing that members of Congress be subject to insider trading laws among their disclosure enhancements”, according to media reports.
So if you have access to intelligence on weather manipulation and geophysical warfare, as conducted by your own government, you’re in for a new nice villa on some tropical island. And that won’t be unprecedented.

WE HAVE THE MOTIVES, THE WEAPONS AND THE SUSPECTS. HOW BIG IS THE HEIST?



The expert in the video below says that no less than 1/3 of the US GDP is weather dependent. I say pretty much every walk of life is weather-dependent and I got back-up:

Weather is not just an environmental issue, it is a major economic factor. At least $1 trillion of our economy is weather-sensitive.

Investopedia

“Weather conditions tend to affect volume and usage more than they directly affect the price. An exceptionally warm winter, for example, can leave utility and energy companies with excess supplies of oil or natural gas (because people need less to heat their homes). Or an exceptionally cold summer can leave hotel and airline seats empty. Although the prices may change somewhat as a consequence of unusually high or low demand, price adjustments don’t necessarily compensate for lost revenues resulting from unseasonable temperatures” – from the same Investopedia article.
Bottom line: weather is business and the sky is no limit to how much money you can make.

Don Cyr, Associate Professor of Finance & Dean, Goodman School of Business, Brock University, looks at the use of weather derivatives in managing weather related risks tied to Hurricane Sandy. Video by: Business News Network Original video has been removed from the internet

To be continued?
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