by Wallace Garneau, America Outloud:
The New York Stock Exchange (NYSE), in conjunction with a company called Intrinsic Exchange Group (IEG), is creating a new kind of company called the Natural Asset Company, as described below (from the NYSE website at Natural Asset Companies (NACs) | NYSE).
To address the large and complex challenges of climate change and the transition to a more sustainable economy, NYSE and Intrinsic Exchange Group (IEG) are pioneering a new class of listed company based on nature and the benefits that nature provides (termed ecosystem services). NACs will capture the intrinsic and productive value of nature and provide a store of value based on the vital assets that underpin our entire economy and make life on earth possible. Examples of natural assets that could benefit from the NAC structure include natural landscapes such as forests, wetlands and coral reefs, as well as working lands such as farms.
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The economics of NACs are not described in any detail on the NYSE website nor on the website of their partner, IEG (linked through the NYSE website), but what is described is how, according to a proprietary formula developed by IEG, “Natural assets produce an estimated $125 trillion annually in global ecosystem services, such as carbon sequestration, biodiversity, and clean water.”
IEG does not divulge how it got the sum of $125 trillion annually generated by mother nature, but it is interesting to note that world GDP is $100 trillion a year, which is 25% less than what mother nature ‘produces’ even with mankind reducing mother nature’s ‘throughput’ whenever we make the goods and services we need to survive.
The implication here is that if we include everything mother nature does as ‘products,’ the total global output would be much higher than it is today, and more importantly, the implication is that if human beings did not exist, such production would be even higher.
In other words, human beings are a net drain on global output.
IEG, in conjunction with the NYSE, has a plan to help us ‘invest’ in reducing our impact, shrinking our economy as much as possible, and calling that ‘economic growth’ rather than an economic collapse.
By IEG’s ‘math,’ the United States has a GDP of $27 trillion, whereas mother nature within our borders has a productive capacity of $33.75 trillion. Between mother nature and mankind, the US economy is, according to IEG, really around $60.75 trillion.
By IEG’s math, each trillion dollars we reduce our GDP, in turn, increases what mother nature ‘produces’ by $1.25 trillion.
If we take IEG’s ‘math’ to its logical conclusion, reducing US GDP to zero would increase mother nature’s ‘productive capacity’ by $33.75 trillion a year, bringing mother nature’s ‘production’ to $67.5 trillion a year.
The ‘human cost’ of our activity is, then, around $7 trillion a year.
If you want to know how NACs will earn a ‘profit,’ here is the kicker – we are going to be forced to fork over $7 trillion dollars to them every year for the ‘benefit’ of preventing us from making productive use of land.
I hope you just said, “Holy Crap,” which is a PG-13 version of what I said when I first put all the dots together.
And note that my sources are the very websites of the groups I’m accusing. They are not only doing all of this but are doing it right out in the open, completely secure in the belief that ‘we the people’ are either too stupid or too lazy to care.
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