| Subject: | [socialcredit] Re: COGEXEC: Rebuilding New Orleans | | Date: | , September 3, 2005 00:38:40 (+0200) | | From: | cymric <cymric @.......nz>
|
What I take out of this is the basis reality of the relationship between the
banking industry and the insurance industry.
There can be no doubt that the financial weight behind insurance companies is
huge as is the banks. Where is the leadership of insurance if politicians
procrastinate over investing in updating infrastructure like the levees putting
their industry and all the policy holders investments at risk?
However it is xmas for the banking industry and the corporate friends of those
in power who do the rebuilding, as in Iraq.
And lets not overlook the fact that weather tools like earthquakes and tsunarmi
are weapons of war. No difference between creating a military war of destruction
than a weather war of destruction.
Peter H
"William B. Ryan" <w_b_ryan@yahoo.com> wrote:
>
> Talking about financial gimmicks in this situation is
> to trivialize the tragedy, and to completely miss the
> lesson that should be learned.
>
> First, it's a regional problem extending beyond New
> Orleans through three states.
>
> As to "interest free" money, tens of billions in
> insurance settlements will flow into the region that
> is not only "interest free," but with no requirement
> for repayment. So, forget about "Binary Economics" in
> this situation. It's totally irrelevant.
>
> The lesson that should be learned is that we ignore
> the necessity for continuous improvement to
> infrastructure at our peril.
>
> The damage came from wind, wind driven water or "storm
> surge," and flooding.
>
> New Orleans missed most of the storm surge from the
> gulf because the eye of the storm passed to the City's
> east, but did have some surge in reverse off Lake
> Pontchartrain due to the counter-clockwise rotation of
> the storm, hence the broken segments to the I-10
> causeway.
>
> Most of the damage to New Orleans is from flooding due
> to the broken levees, which should have been
> strengthened years ago. If they had been
> strengthened, New Orleans would now be mostly intact
> today.
>
> The city is now submerged in Lake Pontchartrain. A
> decision will have to be made to recover the city or
> abandon it forever, like Pompeii.
>
> Most of the damage to the east of New Orleans is from
> storm surge. We have had the technology to mitigate
> the effects of storm surge for more than a century.
>
> After the 1900 storm that devastated Galveston, the
> Corps of Engineers built a magnificent seawall to
> protect the developed area of the island, which was
> extended in the 60s.
>
> The era of "privatization" has ended such projects.
> -
>
>
>
|
Re: COGEXEC: Rebui
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