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Dec 17 2019 03:25pm

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The promising water market is shaping up to be the world's next casino. The financial giants are already fighting to seize this new "blue gold". Freezing investigation into the next speculative bubble.

Global warming, pollution, demographic pressure, extension of agricultural areas: everywhere in the world, the demand for water explodes and the supply becomes scarce. By 2050, one in four people will live in a country affected by shortages. After gold and oil, "blue gold", the most coveted resource on the planet, is fueling the appetites of financial giants, who are betting on its rising value, a source of staggering profits. Today, banks and investment funds - Goldman Sachs, HSBC, UBS, Allianz, Deutsche Bank or BNP - are working to create promising markets in this sector and to speculate, strangely, with the support of 'Environmental NGOs. Those who buy water "to return it to nature", seeing in this new liberal order a means of protecting the environment. In Australia, the hottest continent on the planet, this commodification of water has already forced bankrupt farmers into industrial agriculture, and California imitates this model. Faced with this formidable offensive, launched in Great Britain as early as Thatcher, citizen resistance is organizing to defend the right to water for all and sanctuarize this limited vital resource, on which 10 billion people on Earth will depend on the horizon. 2050.

The price of life
From Australia to Europe and the United States, this investigation deciphers for the first time the threats of the freezing revolution underway for people and the planet. Nourished by testimonies from the field, the film also shows the fight, at the same time political, economic and environmental, that the apostles of the financialization of fresh water are fighting against and those, ordinary citizens or European cities, who resist this drift, considering its access as a universal right, moreover recognized by the UN in 2010. While the battle for free access is already lost, the cynicism of the players of this new world casino, with a carnivorous smile, makes one shudder, one of them letting go: "It is not because water is life that it should not have a price."



Article translated...
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Dec 17 2019 03:37pm
Quote (Ghot @ Dec 17 2019 10:25pm)
Article translated...


Thanks
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Dec 17 2019 03:53pm
https://www.arte.tv/sites/ealc/video/jusqua-la-derniere-goutte/

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Why is the EU pushing southern European countries to privatize water distribution and recycling services? Investigation at the heart of a secret war on which our future depends.
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Dec 17 2019 04:50pm
https://en.wikipedia.org/wiki/Michael_Burry

The dude who predicted and bet on the Great Recession and won, today all he invests in is farmland, gold, and water.
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Dec 17 2019 06:09pm
:unsure:
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Dec 17 2019 06:10pm
Quote (tman65ky @ Dec 17 2019 04:50pm)
https://en.wikipedia.org/wiki/Michael_Burry

The dude who predicted and bet on the Great Recession and won, today all he invests in is farmland, gold, and water.


Yeah we all saw the big short
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Dec 19 2019 11:31am
Quote (Thor123422 @ Dec 17 2019 06:10pm)
Yeah we all saw the big short


If we have a water crisis, I'm sure his property rights will be respected.
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Dec 19 2019 11:44am
dont worry, i will supply sterile drinking liquid to anyone who gets thirsty.
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Dec 19 2019 11:48am
Water is the most valuable natural resource that many of us living in the western world take for granted. I remember living in the Central Cali and only being allowed to shower for x minutes a day and only watering your lawn at certain times because water scarcity.

I actually did a presentation on this topic a little while back. Global warming by 2050 is actually going to amplify the fresh water problem. People make fun of Trump for offering to buy Greenland, not realizing that 90% of the worlds fresh water is locked in glaciers making some of those Arctic regions pretty valuable.

This post was edited by ofthevoid on Dec 19 2019 11:49am
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