This was done earlier this year, The Institute & Faculty of Actuaries published a paper on the true risk climate has on the world economy. Insurance companies are most likely only starting to get this information and large payouts from the wildfire’s, the hurricanes and the flooding is most likely already pushing the companies to insolvency. You can of course move risk around with re-insurance and spun out independent insurance companies but the risk to overwhelming the entire system is becoming higher and higher each year. I wouldn’t be surprised if the specific account used for the CA wildfire payouts was empty and overdrawn and State Farm was caught off guard by that and had to do some serious amount of moving money around to fill it back up. Enough where it took a couple of days to come up with the cash, that in itself is really scary.

They are trying to take our city. Fuck em

I don’t know. Definitely not crypto as the energy demands on it make it infeasible. But a currency comes after an economic system is formed, we haven’t even addressed changing that yet so 🤷🏽‍♂️.

The USD losing reserve status is in my opinion going to happen within the next decade. BRICKS is too much of an economic powerhouse that the US can’t compete with. China alone outperforms the US when it comes to GDP. However I think in the long run it will be good for the US and others. We have all been coasting on an economy based off cheap access to energy and cheap access to credit. This has caused a huge moral hazard as people have unrealistic expectations on the cost of things and enables a consumptive lifestyle that is causing the rapid death of our biosphere.