Ban Ki-moon speaks at the Paris climate negotiations. Demotix/Jonathan Raa. All rights reserved.What do Mario Draghi and Ban Ki-Moon have in common?
Apparently nothing. The former is – together with Janet Yellen, Mark Carney and their fellow central bankers - one the few individuals who still have got the almost unlimited (as he recently reminded) and “independent” power to create money in order to save the stability of developed countries. The latter is permanently in search of sponsors amongst the shareholders of his club - the United Nations - for funding the cause of saving the world.
Since the crisis began, central bankers have injected about eight trillion dollars into the economies of the USA, UK, Europe and Japan. The secretary general of the United Nations has just achieved the titanic target of having the rich countries to agree to spend an amount of money which is 80 times smaller (one hundred million dollars per year) to curb the emissions of CO2, which could lead to a catastrophic increase in the temperature of the planet.
