– “Time is running out” – Sir David Attenborough
“Continuation of civilisation is in your hands,” Attenborough warns world leaders
– Mass extinction is “on the horizon”
– Failure to ‘join the dots’ between environmental risks and significant economic challenges
(Editors note: The world faces some very serious ecological challenges due to the pollution, destruction and over consumption of our natural resources. What we find quite bizarre is the complete cognitive dissonance between the increasingly alarming warnings of absolute environmental Armageddon and the complete complacency of investors and market participants.
There is a complete failure to ‘join the dots’ between environmental challenges of today and how they may impact our economies and global markets.
The notion that our global economy and financial markets including frothy risk assets such as stock and bond markets would not be impacted by “civilisation collapse” is irrational and complacent in the extreme. Our economies and markets are dependent on our planet. If civilisation collapses then so will companies, governments and economies and the markets which are all a subset of our civilisation and our planet.
Whether the severe environmental challenges of today will result in the complete collapse of civilisation is yet to be determined. We hope and believe that humanity will step back from the brink.
However, it would be prudent for people to take stock of the risks, take a long term view and diversify into physical gold and silver. Both have protected people from societal and economic collapse throughout history.
Precious metals in coin and bar form (taken insured delivery of or in allocated and segregated storage) remain vital forms of financial insurance and hedges against various worst case scenarios such as financial and currency crashes, global pandemics, world wars, natural disasters such as earthquakes, super volcanoes and ecological disasters.
“Collapse Of Civilisation Is On The Horizon” – Attenborough Warns
The world faces a “disaster of global scale” that poses the greatest threat to civilization and the natural world for thousands of years, Sir David Attenborough warned yesterday.
The broadcaster and environmentalist, 92, spoke ominously about his view on the catastrophic effects of climate change at a United Nations summit in Poland.
Attenborough, who is famous for his amazing nature programmes, urged world leaders at the UN conference to “take action” to prevent the “collapse of civilisation.”
“Right now we are facing a manmade disaster of global scale, our greatest threat in thousands of years: climate change,” he warned in a speech at the two-week climate conference in Poland.
“If we don’t take action, the collapse of our civilisations and the extinction of much of the natural world is on the horizon.”
News and Commentary
Source: Bloomberg Intelligence
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