Listening Post - Global Infrastructure plans in the name of climate change - Why then are the recommendations focused on changing Government accounting practices and risk-measures, along with opening the floodgates for redistribution spending?

Global Infrastructure plans in the name of climate change - Why then are the recommendations focused on changing Government accounting practices and risk-measures, along with opening the floodgates for redistribution spending?

07/23/20 • 28 min

Podcast: Finance & Fury Podcast (LS 44 · TOP 1% what is this?)
Episode: Global Infrastructure plans in the name of climate change - Why then are the recommendations focused on changing Government accounting practices and risk-measures, along with opening the floodgates for redistribution spending?
Pub date: 2019-09-13
Notes from Listening Post:
Thorium

Welcome to Finance and Fury, The Furious Friday Edition

Today – SDG9 - How infrastructure spending helps an economy -

Anyone who knows basic economic and GDP has learnt that Infrastructure spending leads to GDP growth – so the theory says – Very hard to measure benefits/gains – Direct through spending in GDP equation – flow on effects

Go through Economic theory backing this – stimulus spending for GDP growth –

First – estimates Research provided from McKinsey and UN – MK established the Global Infrastructure Initiative (GII) in 2012

MK Two reports – 2015 to 2016 – World spent $9.5trn (14% GDP) $9.6trn follow year
1. Transport, power, water, telcom – $2.5trn, Social infrastructure, oil and gas, mining – $2.4trn, Real estate - $4.65trn
Spending trajectory points to a shortfall of about $350 billion a year to what we are told we need –
1. but triples when including funds needed to meet the UN Sustainable Development Goals
2. Report states – meeting is critical for the future of undersupplied regions such as Africa – remember Africa
3. Emerging economies account for some 60% of that need
Projects – no idea – broken into categories – power, water, etc – but on what, who knows – Have programs going – but go to each and it is just another rabbit hole trying to find each individual thing
This ep - Focus of policy and recommendations to provide grease to the wheels of bureaucracy:
1. Helping Financial System out through Governments
2. Talk about the theory as justification and also the

Governments hand in this -

Regulations/Legislation - Basel III, Solvency II, pension fund allocation rules

Basel III and Solvency II mandate classifying infrastructure as high-risk capital allocations
1. Also - pension funds have allocation rules that specifically limit their exposure to asset classes and countries
2. Recognizing infrastructure as an asset class with a lower risk profile – Infrastructure can be low or high risk
  1. Low upon completion and proof of profitability – In developing – high risk – many infrastructure projects don’t meet forecasts – known as ‘white elephants’
To avoid low return investments – governments need more oversight and analysis before a decision in made –
1. More regulations for infrastructure works –
  1. Question: If there was a special equation to perfectly predict profitability – Gov wouldn’t be ones who have it
  2. Sadly – no tool exists – only outcome from involvement in assessment is higher costs and more delays due to layers of legislation and checklists before approval

Governments will also take an active role beyond changing the laws – Want to make money back off it

Road pricing and other fees
1. toll roads, bridges, and tunnels are increasingly common around the world.
2. Taxes and fees - Cities including London have introduced congestion pricing on urban roads.
Property value capture - Governments acquire land around an infrastructure project - profit once the project is completed through lease or sale - using the resulting funds for new infrastructure investment - Spain added this to its constitution.
1. Other methods – more traditional – increase general or specific property taxes and fees from owners/developers
Changes in public accounting and budgeting frameworks
1. Treating infrastructure as an asset on a public balance sheet and depreciating it over time rather than adding the entire cost of a project to the fiscal deficit up front
  1. mirrors corporate accounting practice - helpful to Gov – gets around limits on deficits and debt.
2. Example – 3y $6bn project is being constructed and will take 6 years – one payment upfront now and one in 3 years
  1. Current – Adds $6bn onto deficit now - although the government is actually paying money only in years one and three, it books spending of $2 billion in each of the three years. However, the roads will be operational for the ...

Welcome to Finance and Fury, The Furious Friday Edition

Today – SDG9 - How infrastructure spending helps an economy -

Go through Economic theory backing this – stimulus spending for GDP growth –

First – estimates Research provided from McKinsey and UN – MK established the Global Infrastructure Initiative (GII) in 2012

MK Two reports – 2015 to 2016 – World spent $9.5trn (14% GDP) $9.6trn follow year
1. Transport, power, water, telcom – $2.5trn, Social infrastructure, oil and gas, mining – $2.4trn, Real estate - $4.65trn
Spending trajectory points to a shortfall of about $350 billion a year to what we are told we need –
1. but triples when including funds needed to meet the UN Sustainable Development Goals
2. Report states – meeting is critical for the future of undersupplied regions such as Africa – remember Africa
3. Emerging economies account for some 60% of that need
Projects – no idea – broken into categories – power, water, etc – but on what, who knows – Have programs going – but go to each and it is just another rabbit hole trying to find each individual thing
This ep - Focus of policy and recommendations to provide grease to the wheels of bureaucracy:
1. Helping Financial System out through Governments
2. Talk about the theory as justification and also the

Governments hand in this -

Regulations/Legislation - Basel III, Solvency II, pension fund allocation rules

Basel III and Solvency II mandate classifying infrastructure as high-risk capital allocations
1. Also - pension funds have allocation rules that specifically limit their exposure to asset classes and countries
2. Recognizing infrastructure as an asset class with a lower risk profile – Infrastructure can be low or high risk
  1. Low upon completion and proof of profitability – In developing – high risk – many infrastructure projects don’t meet forecasts – known as ‘white elephants’
To avoid low return investments – governments need more oversight and analysis before a decision in made –
1. More regulations for infrastructure works –
  1. Question: If there was a special equation to perfectly predict profitability – Gov wouldn’t be ones who have it
  2. Sadly – no tool exists – only outcome from involvement in assessment is higher costs and more delays due to layers of legislation and checklists before approval

Governments will also take an active role beyond changing the laws – Want to make money back off it

Road pricing and other fees
1. toll roads, bridges, and tunnels are increasingly common around the world.
2. Taxes and fees - Cities including London have introduced congestion pricing on urban roads.
Property value capture - Governments acquire land around an infrastructure project - profit once the project is completed through lease or sale - using the resulting funds for new infrastructure investment - Spain added this to its constitution.
1. Other methods – more traditional – increase general or specific property taxes and fees from owners/developers
Changes in public accounting and budgeting frameworks
1. Treating infrastructure as an asset on a public balance sheet and depreciating it over time rather than adding the entire cost of a project to the fiscal deficit up front
  1. mirrors corporate accounting practice - helpful to Gov – gets around limits on deficits and debt.
2. Example – 3y $6bn project is being constructed and will take 6 years – one payment upfront now and one in 3 years
  1. Current – Adds $6bn onto deficit now - although the government is actually paying money only in years one and three, it books spending of $2 billion in each of the three years. However, the roads will be operational for the ...

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Episode 577 Scott Adams: Thorium Reactors Saving the World, Border Funding, Healthcare Transparency, Iran

Podcast: Scott Adams Says
Episode: Episode 577 Scott Adams: Thorium Reactors Saving the World, Border Funding, Healthcare Transparency, Iran
Pub date: 2019-06-25
Notes from Listening Post:
Thorium
Content: Healthcare cost transparency EO (cost reduction) by President Trump Whomever is willing to torture border children the longest...wins! Solutions to REDUCE or ELIMINATE kids being tortured CNN does multiple interviews of newest nutty accuser Iran spokesman says “White House is afflicted by mental retardation” President Trump asks...why are WE paying to protect others countries? [...]
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The dark past of ‘environmentalism’ provides clues to the point of the UN’s Sustainable Development Goals

Podcast: Finance & Fury Podcast (LS 44 · TOP 1% what is this?)
Episode: The dark past of ‘environmentalism’ provides clues to the point of the UN’s Sustainable Development Goals
Pub date: 2019-10-11
Notes from Listening Post:
Thorium
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Welcome to Finance and Fury, The Furious Friday Edition.

The final episode in the mini-series for the SDGs - Covered a lot – today - Summary wrap up and piece together next step

One sentence – UN's Agenda 2030 wants us giving up sovereignty to a global unelected socialist government –
1. Went through the 3 Founders – Roosevelt praised fascism, thought it was the best kind of Gov and acted like it in USA, Stalin - loves him some communism and mass genocide, then Churchill – Not a fan of Indian’s ‘beastly people’ – 1943 Bengali Famine for 3m people starved to death thanks to his policies to take all the food out of the area
This sort of thing can’t happen today unless we want this – hard to hide true crimes like the past
1. The founders of the UN weren’t good leaders, they loved Authoritarian rule –
Why would anyone want to live under a Nazi, Communist or Fascist? What if it is done in the name of climate change?
1. That is the propaganda - SDG4 -method of building international socialism – the aim has always started by targeting the next generation - now with global-socialist propaganda
  1. All of SDG4 is devoted to ensuring that all children, everywhere, are transformed into what the UN calls “agents of change,” – pushing what the UN wants – Agenda 2030 agreement states the aim is to do this - “Children and young women and men are critical agents of change and will find in the new Goals a platform to channel their infinite capacities for activism into the creation of a better world,” – all the protests been concocted up as part of Agenda 2030 – through the UN
'Extinction Rebellion' protests – bringing cities to a standstill as protestors demand government officials take immediate action to combat climate change.
1. 60 major cities across the world through late October – two days in a row – clients/staff late from protests
2. These protestors have already taken over streets, blocked roadways, and disrupted public transportation in London, Sydney, Paris, and Berlin.
3. Their message is that climate change is an emergency that requires drastic and immediate action
  1. Looking to force significant policy change is to shut down parts of major infrastructure, like roads, bridges, highways, rail, airports, and ports – basically acting like fascists or Stalin’s useful idiots
4. From what I see it is about crashing the global economy to install a new economic model - Modern Money Theory (MMT)
5. Agenda 2030 is a pretty clear roadmap to global socialism and corporatism/fascism – using activists as the new Brown shirts
And what's the reason behind climate change protestors shutting down cities and causing economic shocks across the world?
U.N. Secretary General Ban Ki-Moon spoke of ‘a dream of a world of peace and dignity for all’ this is no different than when the Communists promised the people a ‘worker’s paradise.’” – to give them mass starvation and Gulag prison camps
1. History is littered with examples - in a similar manner – Mussolini – Fascism: Doctrines and Institutions - 1923
2. “State intervention in economic production arises when private initiative is insufficient or when the interests of the state are involved. This intervention may take the form of control.” – Take control of the economy to serve the state, not the people
3. Speech in 1933 – “Fascism establishes the real equality of individuals before the nations. The object of the regime in the economic field is to ensure higher social justice for the whole of the Italian people. What does social justice mean? It means work guaranteed, fair wages, decent homes, it means the possibility of continuous evolution and improvement.” – almost impossible to tell the people history calls evil to the...