Activity – FiatLux – The Giza Forum (Legacy)

FiatLux posted an update 5 years, 3 months ago

Chicago Mercantile Exchange has now created a futures market in California water. Watch out for water derivatives ahead… What could go wrong? (And do you create a speculative market for something you can’t manipulate?)
https://www.zerohedge.com/markets/new-derivatives-market-california-water-disaster-natural-resources-capitalism-work
- DanaThomas replied 5 years, 3 months ago
  What could go wrong for bankster leveraging?
  - FiatLux replied 5 years, 3 months ago
    I was more thinking of what might go wrong for California. Like huge (and hugely profitable) droughts and floods. Due to “climate change,”
    of course.
- Connedincalifornia replied 5 years, 3 months ago
  New California has six dams on the drawing board.
  - Foglamp replied 5 years, 3 months ago
    By any chance, would any of those dams be in areas previously affected by “wild” fires?
    - Connedincalifornia replied 5 years, 3 months ago
      
      Info not available to determine that at this time.
  - FiatLux replied 5 years, 3 months ago
    Some coincidence, eh?