Ban-Ki Moon's Climate Finance Plan: Despots paying off Third World Debt with More Oppression

Flag of the United Nations, Public Domain Image
Flag of the United Nations, Public Domain Image

Guest essay by Eric Worrall

United Nations Secretary General Ban-Ki Moon, and Kamalesh Sharma, Secretary General of the Commonwealth, have proposed that third world countries should be allowed to pay off their debts, by taking “action” on climate change.

According to The Independent;

Swapping national debt for action on climate change could be the solution we’ve been looking for

The Commonwealth’s proposal for a Multilateral Debt Swap for Climate Action alongside green investment and multilateral action from both developed and developing countries are the actions we need post Paris to halt climate change.

Last month’s global agreement on climate change was a remarkable gift to the world and to future generations. One hundred and eighty-eight countries have submitted Intended Nationally Determined Contributions, setting out what they are prepared to do to reduce emissions and build climate resilience. Developed country governments have reaffirmed their commitment to raise $100 billion a year for climate action, with small and vulnerable countries first on the list for assistance. As the Prime Minister of Tuvalu – a Pacific nation threatened by catastrophic sea level rises – said during the Paris summit: “If you save Tuvalu, you save the world.”

Now the New Year has arrived and it’s time to act on these resolutions. A rapid and sustained flow of climate finance for the vulnerable developing countries is central to managing the climate challenge. Thus far the flow of climate financing has been less than satisfactory. This must change. Climate financing should not lead to a reduction in traditional official development assistance.

That’s why global warming was a top priority of Commonwealth leaders at their recent meeting in Malta. Their Statement on Climate Change provided timely, important political impetus to the Paris Conference. And they generated some good ideas to free up funds for climate action.

Here’s one: swapping national debt for climate change action. Many vulnerable countries are so burdened by debt they simply can’t afford to address global warming. Jamaica, for example, is struggling with a public debt to GDP ratio of 140 per cent. For the Seychelles, it’s 65 per cent. Think what could happen if countries like these lowered their burden by taking action on climate change: they could expand marine protected areas, strengthen coastal defences, reform fisheries policies, promote water conservation, manage coastal zones, invest in renewable energy and create institutions to advance their plans — working their way out of debt at the same time.

Read more:

What a plan. Unless I missed something, Ban-ki Moon’s plan means third world despots get to fund their armies and secret police, and fill their offshore bank accounts, by running up huge national debts. Then to have those debts “forgiven”, so the tyrants can borrow even more money, all they have to do is to “create new institutions” (employ lots of UN affiliated bureaucrats), restrict access to irrigation, and ruin their domestic fishing industry.

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January 9, 2016 12:12 am

much like paying off a traffic ticket by driving the wrong way on a freeway for a week.

Reply to  jorgekafkazar
January 9, 2016 12:50 am

“driving the wrong way on a freeway”
Well that might at least kill YOU and suppress the danger.
More like configuring roads so that other people enter the freeway in the wrong direction, and then talking your helicopter to film the result.

Patrick MJD
Reply to  simple-touriste
January 9, 2016 2:10 am

There is only one country that actually and LEGALLY allows drivers to drive on the wrong side of the road and that is Belgium. I don’t recall where, I recall it is over a bridge somewhere.

Reply to  simple-touriste
January 9, 2016 7:20 am

C’mon, Patrick. They do it all over England.

Reply to  simple-touriste
January 9, 2016 11:56 am

My elderly friend Keith was driving home from the senior center the other day, when his wife, Ruby, called his cell phone. “Be careful, Keith!”, said Ruby, “I just heard on the news that some idiot is driving the wrong way on the freeway.” “It’s worse than that”, replied Keith, “there are hundreds of them!”

Reply to  simple-touriste
January 9, 2016 2:48 pm

Savoy Avenue, off the Strand, in Central London, requires taxis – and any other vehicle entering – to drive on the wrong [i.e. ‘right-hand’] side.
Simple geometry – I think.

Reply to  simple-touriste
January 9, 2016 2:50 pm

Thanks + lots.
Can I help: –
Savoy Avenue, off the Strand, in Central London, requires taxis – and any other vehicle entering – to drive on the wrong [i.e. ‘right-hand’] side.
Suitably elucidated, I trust you will rest well.

Patrick MJD
Reply to  simple-touriste
January 9, 2016 6:33 pm

January 9, 2016 at 7:20 am
C’mon, Patrick. They do it all over England.”
Not at 145mph on the A419 or 101mph on the M4 (I got nicked for that) or 100mph on the A34 with a flat front tyre you don’t!
[The mods have decided they will never drive with you, against you, nor near you on any highway, byway or stileway anywhere near the ground in any country that would accept your driving license. .mod]

Reply to  simple-touriste
January 9, 2016 7:12 pm

In a referendum in Sweden in 1955, switching from driving on the wrong side to driving on the right side was rejected by car drivers but heartily endorsed by truckers.
The government bent to the will of the people and decreed that buses and trucks should switch and the cars and light vans should continue as they had for millennia. Motorcycles were still free to do whatever they pleased as before.
In 1967, the heavy transport sector emerged as a clear winner and the remaining car drivers deigned to conform to the new tradition. Moose and motorbikes are expected to fall into line once the alarming rise in world-wide temperature is arrested.

Patrick MJD
Reply to  simple-touriste
January 9, 2016 8:26 pm

“Patrick MJD
January 9, 2016 at 6:33 pm
[The mods have decided they will never drive with you, against you, nor near you on any highway, byway or stileway anywhere near the ground in any country that would accept your driving license. .mod]”
You would be safer with me at speed than with ANY highway police man.

Patrick MJD
Reply to  simple-touriste
January 9, 2016 8:52 pm

For the Mods. In about 1994-ish I was driving past the Newbury A34 exit on the M4 in England in an Audi 80 V6 “wagon” at about 100mph (Meh!). And coming up very fast in my rear view mirror was what looked like a McLaren F1…and just about on my tail too! Now I am doing 100mph, it passes me like I was standing still! I’d say he was doing about 175mph!
[T’was only 130+ some-off kph speed limit in Spain, France, Belgium, Luxem, this summer. 8<) .mod]

Patrick MJD
Reply to  simple-touriste
January 9, 2016 10:18 pm

“Patrick MJD
January 9, 2016 at 8:52 pm
T’was only 130+ some-off kph speed limit in Spain, France, Belgium, Luxem, this summer. 8<) .mod]"
100mph is 162kph. 145mph is…a lot faster…and when driving it you know it!

Reply to  Patrick MJD
January 9, 2016 10:51 pm

Top speed for me was 165 in a Camaro SS 1968 303 short block …
Ahhhh, reckless youth. A poor handling car, but it felt like flying.

Reply to  Patrick MJD
January 9, 2016 10:52 pm


Steamboat McGoo
January 9, 2016 12:21 am

It sounds like B-KM has seen the writing on the wall – no more freebie AGW easy-money cash outlays from the West – and is trying to cash in indirectly by cancelling national debt.
So … our Denialist “conspiracy” must be working. Bwahahaha (evil chuckle).

January 9, 2016 12:46 am

What utter idiots.

January 9, 2016 12:47 am

Ban-Ki Moon introduces yet another fraud ridden totalitarian UN-based boondoggle for us to admire. It could be sponsored by the international armaments industry to boost trade.

Mike Macray
January 9, 2016 1:13 am

I want to spend my money like it’s my money, Bank-i-moon wants to spend my money like its my money…. what’s the difference???

January 9, 2016 1:17 am

Okay, how about a money back guarantee on that proposal? If those countries can scientifically prove that their efforts are significantly reducing/controlling climate change, then we’ll forgive their debts. Suddenly I don’t think KI-Ban Moon is so interested in the idea.

Robert of Ottawa
Reply to  ScienceABC123
January 9, 2016 4:49 am

No, the third world “leaders” do nothing and then claim the lack of CO2 increases as credits. The forgiven debt goes straight into their Swiss bank accounts.

Coeur de Lion
January 9, 2016 1:20 am

Perhaps Tuvalu could build another airport?

January 9, 2016 1:26 am

Not going to work , those looking for ‘climate guilt cash’ are not interested in doing good but for anyone but themselves, do you really think that having put all that ‘hard work’ into decided what colour they want their Lear Jet to be they are going to give up on the idea?

January 9, 2016 1:26 am

This quote is a gem—-” Last month’s global agreement on climate change was a remarkable gift to the world and to future generations”
GeeeeZZZZ are these people totally barking mad? Even James Hansen told them it’s BS and a fraud, plus Lomborg knows it cannot deliver any measurable difference to temp etc by 2100. Yet this would cost endless trillions $ for the next 84 years. Don’t any of these so called leaders even understand simple kindergarten maths?

Leonard Lane
Reply to  Neville
January 9, 2016 11:42 am

Neville. Good quote & comment.
Here is one I “borrowed” from a comment at JONova
“Mans effect on the planet is like two fleas on a dog arguing over who gets to steer.”

Andre Tahon
January 9, 2016 1:42 am

Like a list of expert job postings for European Union-funded projects I received just the other day, which included a vacancy in a Central Asia project (I gather in one or other of the ex-SU “-stans”) for an “expert in environmental governance and climate change capacity development”. What the hell is climate change capacity development? They just make this up as they go. All paid for with our taxpayers’ money.

Reply to  Andre Tahon
January 9, 2016 4:48 pm

With global markets down and global recession looming again, even tax revenues will be down. Then they will require every tax-paying citizen to also manually serve for a month or two in some dumb “climate change capacity development!”

Reply to  noaaprogrammer
January 9, 2016 6:13 pm

Just wait till the 200B dollar shale boom financing comes due this first and second quarter. You’ll get a bounce off the worst first week evah and then a v likely continuation of unwinding from US equities. Cash has been leaving the equity market since 1st Q last year.

David Sivyer
January 9, 2016 1:50 am

“Developed country governments have reaffirmed their commitment to raise $100 billion a year for climate action…”
Love the language “raise”…!! How? Cake stalls!!

Marcus, the Twit Eraser....
Reply to  David Sivyer
January 9, 2016 2:24 am

The United Nations International Bake Sale ??

Evan Jones
Reply to  Marcus, the Twit Eraser....
January 9, 2016 3:50 am

Let them eat cake?

Bruce Cobb
Reply to  David Sivyer
January 9, 2016 6:29 am

Will they take quatloos instead? I think I still have some kicking around.

Eugene WR Gallun
Reply to  Bruce Cobb
January 9, 2016 12:06 pm

Reference to a show in the original Star Trek tv series featuring Captain Kirk.

Dave in Canmore
Reply to  David Sivyer
January 9, 2016 8:35 am


Marcus, the Twit Eraser....
January 9, 2016 2:23 am

The damage these fools have done to the integrity of science will take a 100 years to correct. I no longer trust ANY scientific article I read !

Gerry, England
Reply to  Marcus, the Twit Eraser....
January 9, 2016 4:23 am

Agreed. You always have to identify who they are and what their motives are before deciding if it is worth the effort reading their report.

January 9, 2016 2:28 am


Reply to  Marcus
January 9, 2016 2:29 am

The Twit has been erased !!

Lance of BC
Reply to  Marcus
January 9, 2016 3:49 am

??? Hehehe

Jim southlondon
January 9, 2016 2:42 am

Iran and Saudi are each other’s throats both desperately trying to undercut each other’s oil the world prospers and screw Climate Change

January 9, 2016 2:55 am

OT , but I’m starting to get really annoyed.
I have posted 2 or 3 times asking that someone confirm or correct me.
By my calculations, both UAH USA48 and USA49 both show 2015 as the warmest year in the USA.
My main computer died this morning (this one doesn’t even have Excel), but I think I remember average anomalies of 0.79C and 0.76C respectively
Has anyone even bothered to check ???????
Please !!!!

richard verney
Reply to  AndyG55
January 9, 2016 4:54 am

I very much doubt that it was as warm as in the dust bowl era of the late 1930s/early 1940s but the record has been so horribly bastardized that it is now impossible to tell.

Reply to  richard verney
January 9, 2016 12:24 pm

“I very much doubt that it was as warm as in the dust bowl era of the late 1930s/early 1940s ”
I just want someone to check my calcs.
Then they can look at what UAH says about the SoPol and NoPol.
Nobody seems interested in those calculations, which I find very odd..

Reply to  richard verney
January 9, 2016 6:53 pm

Here are the top eight HadCRUT4.4 annual temperatures for approx USA, specifically, 50 to 30N, 285 to 235E:
Year HadCRUT4
2015 0.930
2013 0.848
2007 0.823
2008 0.810
1999 0.803
2014 0.796
2004 0.789
2006 0.763
The data with all years from 1873 with graph are in the spreadsheet, column AU:

Reply to  richard verney
January 9, 2016 7:55 pm

Ken , I wouldn’t take much notice of HadCrud4 or GISS,
They are being SYSTEMATICALLY ADJUSTED to get rid of the REALITY of the 1940’s peak, and to try to counter the current 18+ year pause

Reply to  AndyG55
January 9, 2016 4:56 pm

I think they’re claiming that it is the second warmest year since 1895 when records started. 2012 is supposed to be the warmest.

Reply to  AndyG55
January 9, 2016 5:56 pm

Here are the top five UAH annual temperatures for USA:
2015 0.785 2015 0.759
2012 0.742 2012 0.544
2007 0.568 2007 0.469
1999 0.525 1998 0.439
1998 0.429 2005 0.381
2006 0.392 2003 0.314
2005 0.309 1999 0.290
2000 0.285 2006 0.267
The Excel spreadsheet in here,
which shows all years.
Courtesy of Friends of Science.
Ken Gregory
Friends of Science
Twelve years of providing independent
climate science information

Reply to  Ken Gregory
January 9, 2016 6:01 pm

That should be the top eight UAH annual temperatures for USA

Reply to  Ken Gregory
January 9, 2016 6:29 pm

Thank you Ken, They look very close to what I got.
(my main computer died yesterday so I can’t access anything)
At least someone has the ability and inclination to check my results. 😉
Now.. just for fun, Could you do UAH NoPol and SoPol hint. It will be a long list 😉
RSS 60-82.5 N and 60-70 S are interesting too.

Reply to  Ken Gregory
January 9, 2016 6:32 pm

IIRC RSS for continental comes in as
2012 — 1.0xx
2015 — 0.8xx
USCRN and ClimDiv (since 2005) also have 2015 in 2nd place, but I can’t remember the numbers.

Reply to  Ken Gregory
January 9, 2016 6:36 pm

ps.. I posted some other reults at SG’s… he didn’t seem to appreciate it !!

Reply to  Ken Gregory
January 9, 2016 7:30 pm

To AndyG55 comment January 9, 2016 at 6:29 pm
I had to reply to myself due to the reply limits.
Here is the top 13 years of UAH NoPol and SoPol.
Year NoPol Year SoPol
2010 0.803 2002 0.633
2005 0.662 1980 0.547
2012 0.548 1991 0.516
2014 0.443 1996 0.393
2003 0.411 1988 0.337
2006 0.401 2011 0.303
2007 0.370 2005 0.208
2011 0.296 2009 0.198
1995 0.284 1981 0.178
2002 0.254 2007 0.166
1981 0.232 1990 0.143
2001 0.191 1992 0.112
2015 0.179 2013 0.101
2015 is the 13th warmest in the North Polar region, and the 35th warmest in the South Polar region of the 37-year record. Only 1979 and 1985 were colder than 2015 at -0.365 °C. Anomalies are relative to 1981 – 2010. Data is in same spreadsheet:

Reply to  Ken Gregory
January 9, 2016 7:50 pm

And for us Aussies.. UAH has Australia, 2015 in 11th place (iirc)
I heard somewhere that Iceland Met said they had their coldest year this century.
There’s some RSS results on that SG link above.

Reply to  Ken Gregory
January 9, 2016 7:59 pm

Finally managed to get that SG link to open
Here are some RSS reults
RSS has Continental USA 2015 in 2nd place.
2012 1.008
2015 0.831
1999 0.727
1998 0.727
RSS 60-82.5 NORTH
2010 1.175
2005 1.097
2012 0.949
2014 0.886
2003 0.842
2007 0.821
2011 0.791
2006 0.710
2015 0.622 9th
2015 in 29th place

Reply to  Ken Gregory
January 9, 2016 8:03 pm

Values for USCRN and ClimDiv (in Farenheit anomaly from whatever they use as a reference).
2012 — 2.531F
2015 — 1.755F
2006 — 1.343F
2012 — 2.460F
2015 — 1.563F
2006 — 1.428F

January 9, 2016 3:32 am

Climate Finance
Climate Action
Climate Resilience
Do these people actually believe this sh!t ???

Robert of Ottawa
Reply to  philincalifornia
January 9, 2016 4:52 am

They believe to dollars. Credit acredito?

Mark from the Midwest
Reply to  philincalifornia
January 9, 2016 7:43 am

Climate Lotto, Jackpot now up to 100 Billion Annually!

Crispin in Waterloo
January 9, 2016 4:08 am

The obvious lesson is that [well] managed poor countries with little debt will not benefit from this debt-swapping scheme. They should, as quickly as possible, go out and borrow like helll until they reach a position of debt servitude. After that they can do what they are told, alternatively sell their souls to the highest bidder. I guess they could also sell their nations down the river and their young people into the migrant labour system.
Wealth transfer is a wonderful thing. We should have a lot more of it. Will someone kindly speak to my boss in a convincing manner? This business of “something for something” is tiring and takes endless effort. I wanna get a job as a climate change and environmental policy capacitator in Tajikistan and live at the Dushanbe Hyatt Regency. They have really good breakfasts.

Robert of Ottawa
Reply to  Crispin in Waterloo
January 9, 2016 4:57 am

Never pass up an opportunity for a Monty Python sketch. The first meandering conversation is redolent of the UN COP and the final realization is a gem.

Reply to  Crispin in Waterloo
January 9, 2016 7:23 pm

They’re going to force third-world countries to hand over their resources in return for ‘debt relief’.* Because of TPP, TTIP and the Services Agreement there won’t be anyone for the third-world countries to complain to. The multinationals will own their resources and the people will be in peonage, or economic bondage for life. Thank you, you economic fool Naomi Klein, and the idiot Pope.
* Shades of An Economic Hitman.

January 9, 2016 4:15 am

Every time I see the UN logo, I see the ancient symbol for Ba’al. I’m sure it’s just a coincidence. They’d never sacrifice humanity to their cult like Ba’al priests did.

Robert of Ottawa
Reply to  LarryFine
January 9, 2016 12:00 pm

That second pic is not Baal but the Egyptian trio Osiris, Isis and Horus. But the other I’ll buy, good observation.

Reply to  Robert of Ottawa
January 9, 2016 5:03 pm

The worship of the god Moloch was also known for child sacrifices.

Reply to  Robert of Ottawa
January 10, 2016 3:39 am

I recognize that the Egyptian deities have different names, but that’s because they’re local versions of the same Mesopotamian cult that appears at the dawn of recorded history.
The same symbol appears in almost all major religious cults all over the world, though it takes various forms, a crescent moon, animal horns, bird wings, a wreath crown, cupped hands, a sickle, etc.
Communists use the symbol on their flags and buildings.
As do most Muslim nations.

Reply to  LarryFine
January 9, 2016 6:17 pm

Come now, enough nonsense. A Roman Laurel around a North-down view of Earth (the only neutral perspective as far as the cold war went) bares about as much resemblance to a moon around a star as it does to the My Little Pony logo.
Seriously, this sort of idioticity just undermines any attempt at serious discussion. It’s painting devils horns on their pictures and nothing more.

Reply to  benofhouston
January 10, 2016 4:05 am

You don’t understand what you’re looking at. In addition to being reminiscent of the ancient Mesopotamian mystery cults, the crescent in the UN symbol is an ancient crown that was worn by Imperial Roman dictators, and this UN crown is placed around a map of the world. This would appear to be an allusion to a one-world dictatorship.
If you think this absurd, I’d love to hear your thoughts on the UN’s Agenda 21 and their stated goal of “global governance”. Nothing to worry about there, either? Lord Christopher Monkton, a respected contributor to this website, would disagree with you on that account.
But perhaps I’m totally wrong, and these are just huge coincidences. Likewise, perhaps the IPCC is correct about Catastrophic Anthropogenic Global Warming, and we need to give them our money and Liberty–and eat the worm diet they’re researching–so they can save the planet.

Reply to  benofhouston
January 10, 2016 7:34 am

The problem with your theory is that the crescent-around-a-circle is a basic shape. One my 6 year old draws randomly because she thinks it looks pretty. And yes, it is does bear a passing resemblance to the My Little Pony logo, which has a rainbow around the “Little”. Even if it was directly inspired, so what? logos are just drawings, not representative of their true inner thoughts.
If you don’t like the UN then explain exactly what is wrong with the corrupt little bureaucrats. There’s plenty to talk about. Don’t talk about a vague resemblance in the logo to a religious symbol of Baal and proves they are evil. That’s just stupid. There’s no other word. It’s just stupid. It’s the same conspiracy nonsense that made generations fear a group of stonemasons because their boys club had funny aprons.

Reply to  benofhouston
January 10, 2016 8:44 am

I’ve simply stated the facts.
But you’ve just used ad hominems, a red herring, a straw man and reduction ad absurdum fallacious arguments there.
I’m certain that no evidence and nothing anyone could say on this topic could possibly convince you to see how the present symbology chosen to represent many of the world’s leading religions and governmental institutions are directly connected with ancient Mesopotamian cults, so I’ll leave it there.

Reply to  benofhouston
January 11, 2016 8:18 am

Larry, the ad absurdum is used as a comparative point. Do you think My Little Pony is worship of Baal? The evidence is just as strong for that as your point on the UN logo. Obviously not. I’m using this to show how weak your evidence is. Also please note that Reductio ad Absurdum is not a fallacy, but a rhetorical technique.
The evidence that would convince me? Simple. A statement by someone saying that they were inspired by this ancient design.
However, in 1946, you would be hard pressed to find anyone who would know anything about Baal beyond his appearance in the Hebrew Bible. I have no evidence that the designers, Oliver Lundquist and Donal McLaughlin, a pair of American architects, had ever studied ancient history or seen ancient Egyptian or Mesopotamian design. They claimed that they deliberately stayed away from any obvious influences or references to individual cultures and went for something that could represent everyone.
Based on the simple principle of Occam’s razor, I have to say that the most likely scenario is that it is simply what they said it is. An equidistant projection of the world surrounded by a leaf motif. Because the design is so basic, you need something other than design similarity of shape to claim inspiration.
FURTHERMORE, even if it was, so what? What would it signify other than some bureaucrat’s love of ancient mythology? The logo of an organization does not convey some hidden meaning about their true nature. It’s a picture. You are taking a non-item and blowing it far out of proportion in terms of its significance.

richard verney
January 9, 2016 4:52 am

3rd world debt should simply be written off. There is no prospect of it ever being repaid. Best to be pragmatic and wipe the slate clean, and start again, but this time have strict controls over money lent etc.

Reply to  richard verney
January 9, 2016 5:02 am

“but this time have strict controls over money lent”
That’s just wishful thinking.

Reply to  simple-touriste
January 9, 2016 7:25 am

Yep! “This time, we are going to do it right.”

Mike the Morlock
Reply to  simple-touriste
January 9, 2016 10:23 am

simple-touriste January 9, 2016 at 5:02 am
I don’t know, myself I have always been parcel to the French method of collecting unpaid debts. Espesally when it comes to donuts and pastries.
enjoy with brunch.

DD More
Reply to  richard verney
January 9, 2016 9:13 am

Rich – Seems the same World Bank and IMF has a 4 step plan for any nation to be taken over and stripped of assets, to repay any loan. Tried and True method.
Step One is Privatization – which Stiglitz said could more accurately be called, ‘Briberization.’ Rather than object to the sell-offs of state industries, national leaders – using the World Bank’s demands to silence local critics – happily flogged their electricity and water companies at the prospect of 10% commissions paid to Swiss bank accounts for simply shaving a few billion off the sale price of national assets.
Step Two Capital Market Liberalization. – Stiglitz calls this the “Hot Money” cycle. Cash comes in for speculation in real estate and currency, then flees at the first whiff of trouble. A nation’s reserves can drain in days, hours. And when that happens, to seduce speculators into returning a nation’s own capital funds, the IMF demands these nations raise interest rates to 30%, 50% and 80%.
Step Three: Market-Based Pricing w/ Step-Three-and-a-Half: what Stiglitz calls, “The IMF riot.” This economic arson has it’s bright side – for foreign corporations, who can then pick off remaining assets, such as the odd mining concession or port, at fire sale prices. A pattern emerges. There are lots of losers in this system but one clear winner: the Western banks and US Treasury, making the big bucks off this crazy new international capital churn.
Step Four of what the IMF and World Bank call their “poverty reduction strategy” Free Trade. Taking a World Bank loan for a school ‘triggers’ a requirement to accept every ‘conditionality’ – they average 111 per nation – laid down by both the World Bank and IMF. In fact, said Stiglitz the IMF requires nations to accept trade policies more punitive than the official WTO rules.
Writen in 2001 with examples of 1995 Russia, Bolivia, Ecuador, Indonesia, Ethiopia and Brazil. Greece was just the latest in line.
or search – Greg Palast secret documents IMF’s and World Bank

Reply to  DD More
January 9, 2016 4:42 pm

Also see John Perkins’ book, Confessions of an Economic Hitman on this.

Eugene WR Gallun
Reply to  richard verney
January 9, 2016 12:21 pm

Sure, wipe it clean, let them acquire new debt then wipe that clean and so on and so on.
Sounds like a good plan for my credit card company to follow. Will promote an endless cycle of prosperity — properly government subsidized, of course. I am ready to spend spend spend! Turn me loose!
Eugene WR Gallun

Old England
January 9, 2016 4:54 am

The Prime Minister of Tuvalu stated:- “If you save Tuvalu, you save the world.”
As various studies have shown that Tuvalu is not under threat from rising sea levels does that mean that the world has now been ‘saved’ and climate change can be consigned to the dustbin of history where it rightly belongs ?

Reply to  Old England
January 9, 2016 12:17 pm

Here’s the abstract of a research paper on the Tuvalu situation. Seems their problem is one bought about by mining of fringing reefs for road and construction material, thereby exposing the island to direct wave action. The problem is of their own making.
Causes of land loss in Tuvalu, a small island nation in the Pacific
Xue Chunting (affiliated with Qingdao Institute of Marine Geology)
Journal of Ocean University of China
April 2005, Volume 4, Issue 2, pp 115-123
Studies on land loss in Tuvalu reveal the following findings. Although both sea level rise and coastal erosion can cause land loss in the tropic Pacific oceanic islands, their mechanisms are different. When sea level rises, the low elevation coastal zone submerges and the erosion datum plane rises, the beach process progresses normally as always, resulting in no beach sediment coarsening. When the sea level is stable, coastal erosion removes finer sediment from reef flat, beach and land, resulting in beach sediment coarsening.
The human-induced coastal erosion in the tropic Pacific oceanic islands has the following features. 1) Erosion occurs or intensifies immediately after inappropriate human activities. 2) It occurs near the places having human activities and places related to the above places in sediment supply. 3) It often occurs on original prograding or stable coasts (on lagoon coasts for atolls) because there are more coastal engineering projects and other human activities on such coasts. 4) It is chronic, covering a long period of time.
The coastal geological events in Tuvalu islands do not accord with the features resulted from sea level rise but do accord with the features resulted from coastal erosion, particularly from human-induced erosion. The land loss in Tuvalu is mainly caused by inappropriate human activities including coastal engineering and aggregate mining, and partly caused by cyclones. Moreover, all recent measurements (satellite altimetry, thermosteric sea level data and tide observations) so far have not been able to verify any sea level rise around Tuvalu islands.

Reply to  drbob
January 9, 2016 5:27 pm

Get the Chinese to save Tuvalu. They even build islands from the sea floor up.

Reply to  noaaprogrammer
January 9, 2016 5:45 pm

noaaprogrammer commented: “…Get the Chinese to save Tuvalu. They even build islands from the sea floor up….”

Eugene WR Gallun
Reply to  Old England
January 9, 2016 12:23 pm

These people are laughing at us. Eugene WR Gallun

January 9, 2016 5:32 am

Seychelles at 65%? That’s nothing…. The USA is over 100% and Japan is up arround 250% of GDP.
Look at this list to see that most “third world” countries have LESS than the developed countries. Their credit rating is too bad to get more.
This is just a scheme to load up their shopping spree on OUR already overloaded credit cards…
The whole global system is drowning in public debt at levels likely to cause structural failure, but mostly owed by developed countries. USA, UK, EU, Japen, China, etc. The only safe way out is smaller governments and less borrowing, not “debt forgiveness” as that leads to moral hazard and MORE debt…

Brooks Hurd
Reply to  E.M.Smith
January 9, 2016 8:33 am

This is the Cloward-Piven strategy implemented on a global scale. When everything collapses, the UN will take over to save us all. Tens of millions will no doubt die in the process, but our new UN global government will teach us that this was all for our own good.

Reply to  E.M.Smith
January 9, 2016 8:54 am

I’ve read that total world debt is now $710 trillion. With world-wide annual GDP at ~$70 trillion, what’s to fear? /sarc

The Original Mike M
January 9, 2016 6:23 am

‘I may have been born at night, but it wasn’t last night’ – T. Boone Pickens

January 9, 2016 6:42 am

You ain’t seen nuthin’ yet. Wait till Oboma gets appointed as the head of the UN.

Lance of BC
Reply to  eyesonu
January 9, 2016 6:59 am

+1 been thinking about that for months, quite frightening.

Reply to  eyesonu
January 9, 2016 12:06 pm

Obama- head of UN
Hillary – POTUS
The dream ticket .

January 9, 2016 6:53 am

This is a great idea! It means I can have all of my credit card debt, mortgage, car loan and any future living expenses reduced to zero by simply “taking action on climate change.” As Mr Moon says above, I can do this by promoting things like water conservation. Where “promoting” means jetting across the planet to various conferences, round-table discussions and other assorted shrimp-fests with the glitterati, and maybe from time to time reciting some recycled speech before a receptive audience.
I’m in!

Reply to  PaulH
January 9, 2016 8:35 am

Yes, you take a private jet to deliver recycled “sustainable” speeches.
You still have 93 years before peak “sustainable”:comment image

Reply to  simple-touriste
January 9, 2016 8:56 am

great cartoon!

Reply to  simple-touriste
January 9, 2016 9:00 am

But it needs to be organized with the proper “hockey stick” graphic or is that for the follow up cartoon “it’s worse than we thought”

Reply to  simple-touriste
January 9, 2016 11:48 am

truly sustainable humor + 10

January 9, 2016 6:54 am

You’re right, but it’s worse. They’ll shut down electricity generators and let the people die from burning dung. Then they’ll keep the windfalls.

Robert of Ottawa
Reply to  Ron House
January 9, 2016 12:05 pm

Are windfalls windmills combined with water falls? Or is it a misspelling of windfools?

January 9, 2016 7:22 am

In the eyes of the UN, it is we who are the despots.

January 9, 2016 7:25 am

And I just saw a large pink creature flying past my window with a loud oink oink as it went.

Bruce Cobb
January 9, 2016 7:29 am

Many vulnerable countries are so burdened by debt they simply can’t afford to address global warming.

Hey! That includes the US! Our national debt is close to 19 $trillion. We owe both China and Japan about 1.1 $trillion each. We currently have a president intent on, and succeeding in, killing coal. That has got to be worth at least a $trillion in debt forgiveness, so that knocks our debts to those countries down to about half. I’m sure they won’t mind. After all, we are helping “save the planet”.

Sun Spot
January 9, 2016 7:34 am

Bonkers Moon should read Ottawa’s Carleton University Professor Michael Harts new book “Hubris”, he would go apoplectic, if he is even literate? This book published in late 2015 is a must read.

Reply to  Sun Spot
January 9, 2016 11:50 am

I bought it and will read it.
If it’s bad you have to weed my garden for the summer.

Gary Pearse
January 9, 2016 8:28 am

They don’t pay back their loans anyway. This will clear their debt, attract assistance funds and they, with a triple A rating from Standard and Poors will get bigger loans at lower interest rates.

G. Karst
January 9, 2016 9:01 am

How about just declaring a GLOBAL universal jubilee! All debt everywhere is forthwith canceled and all economic slaves freed?! The policy is embedded in some old book, somewhere. If I could only remember where I hid my gold. GK

January 9, 2016 9:46 am

This is the most insidious form of subjugation I’ve ever witnessed. The money is borrowed, one presumes, to make the nation better and the UN undoes that betterment by coercing poverty-level energy opportunities not to the borrowers but to the people of the borrowing nations. Heinous. Thank you, climate science – you have taken us so far… backwards.

January 9, 2016 10:04 am

I recommend we take KB’s name literally and ban K-Moon.

January 9, 2016 10:34 am

“Strengthen coastal defences”???
BKM is seriously suggesting that building sea walls to protect themselves (which BTW would have paid for itself in ONE storm in NYC had Mayor Warmie not vetoed it, and is a good idea) should could as debt repayments?
Great idea – I will tell the bank my mortgage payments were redirected to a new kitchen.
Really seems like they’re not hiding the scam any more. AGW is a front for value transfer to the 3rd world – that’s now confirmed by BKM.

Robert of Ottawa
Reply to  Andrew
January 9, 2016 12:10 pm

Let me correct this statement, Andrew
AGW is a front for value transfer to the 3rd world
AGW is a front for value transfer to the 3rd world dictator bank accounts in the 1st world, greasing the palms of the UN in the transfer.

January 9, 2016 10:34 am

In 1998, US States won a class action lawsuit against big tobacco over the costs of treating all the people with smoking related diseases who couldn’t pay for their own care. (Never mind that deaths from lung cancer and heart attacks are fairly cheap compared to things like Alzheimers and other diseases of the elderly.)

[Mississippi State Sttorney General Mike] Moore argued that tobacco companies should pay for medical bills, and eventually the courts agreed. That agreement said no ads and no targeting youth. Popular advertising characters like Joe Camel and the Marlboro Man were killed off as a result.
The settlement left the tobacco industry immune from future state and federal suits, but the agreement said nothing about how states had to spend the money….

Funneling money to third world countries through their local dictator has never been an “efficient” process. Paying off their debt will just allow them to build it back up – basically unrestricted funds.
As for the tobacco settlement payouts (still ongoing for eight years or so), the states haven’t done much better, at least in terms of paying for medical care or keeping people away from tobacco.

To show the settlement was not just a big money grab, Levin says, there was definitely a feeling that states had a moral obligation to spend at least a sizeable chunk of money on programs to help people quit smoking and to prevent kids from starting.
“So it was understood without being codified into the agreement that states would make a big investment in this,” he says. “They haven’t.”

To help guide state governments, in 2007 the Centers for Disease Control and Prevention recommended that states reinvest 14 percent of the money from the settlement and tobacco taxes in anti-smoking programs. But most state governments have decided to prioritize other things: Colorado has spent tens of millions of its share to support a literacy program, while Kentucky has invested half of its money in agricultural programs.
“What states have actually done has fluctuated year by year … but it’s never come close to 14 percent,” Levin says. “There are some fairly notorious cases of money being used for fixing potholes, for tax relief [and] for financial assistance for tobacco farmers.”
Levin says some states don’t have any money coming in anymore because they securitized their future payments with an investor in order to receive a lump sum. That lump sum often went into their state’s general fund.

I have no expectation that the climate settlement money will be put to climate related purposes. Even in cases where climate related problems can be identified….
Quotes above are from
A more comprehensive review is at

Tom Judd
January 9, 2016 11:08 am

I think those despots would be ill advised to accept Ban-Ki Moon’s gamble for taking action on climate change. Instead, I think they should heed the wisdom of Marilyn Monroe:
The Enviros are glad to die for Gaia’s love.
They delight in fighting fossil fuels
But Dictator’s prefer a UN that gives
And gives expensive jewels.
A shake of the hand
May be quite continental,
But diamonds are a Dictator’s best friend.
A promise may be grand
But it won’t pay the rental
On your mansion’s lot
Or help you with repairs on your yacht.
Money grows cold
As Nations grow old,
And we all lose our charms in the end.
But square-cut or pear-shaped,
These rocks don’t lose their shape.
Diamonds are a Dictator’s best friend.
Black Starr!
Frost Gorham!
Talk to me Harry Winston.
Tell me all about it!
There may come a time
When a lass needs a lawyer,
But diamonds are a Dictator’s best friend.
There may come a time
When a Sec’tary of State employer
Thinks an alliance’s awful nice,
But get that ice or else no dice.
Ban-Ki Moon’s your guy
When carbon trades are high,
But beware when they start to descend.
It’s then that those louses
Go back to their safe-houses.
Diamonds are a Dictator’s best friend.
Time rolls on,
And youth is gone,
And you can’t straighten up when you bend.
But stiff back
Or stiff knees,
You stand straight at Tiffany’s.
Diamonds! Diamonds!
I don’t mean rhinestones!
But diamonds are a Dictator’s best friend.

John Robertson
January 9, 2016 12:37 pm

This may be far more insidious and depraved than first read indicates.
By Moon’s theory, North Korea is the role model.
Now once some UN bureaucrat assigns a CO2 value to each human life, the butchers bill will become apparent.
By crippling all national infrastructure and killing huge numbers of the citizenry, a despot can claim the cancellation of all debt owed for the monies provided to him by the world bank.
So borrow from IMF.
Stash in Swiss Bank.
Can’t payback?
Kill and/or impoverish most of your citizens.
Get more money from IMF.
Classic UN logic.
Remember these are the “experts” who keep bleating” Too Many People on planet”.
No wonder Robert Mugabe of Zimbabwe is their hero.
The UN shall be outlawed in every free nation, defunded and prosecuted.
Small wonder they want immunity from national laws.

January 9, 2016 12:46 pm

off topic, probably been covered before but amused the hell out of me.
Watching the film Interstellar. Involves NASA, one of the Characters is Dr Mann from NASA- well the real one doesn’t but fun nonetheless.
“This data makes no sense.
I’m sorry.
Mann, was lying!”
poor old Mann , in real life and fiction,

Reply to  richard
January 9, 2016 4:38 pm

Is Matt Damon anything like Brad Pitt?

Harry Passfield
January 9, 2016 1:15 pm

Ban-Ki Moon, and his organisational competency, remind me of the country which decided to phase in the change from driving on the left to driving on the right: Those with odd-numbered plates would switch on week one; those with even-numbered plates would switch on week two.

Science or Fiction
January 9, 2016 2:43 pm

Reminds me about a section in: Catch 22; By Joseph Heller
“His specialty was alfalfa, and he made a good thing out of not growing any. The government paid him well for every bushel of alfalfa he did not grow. The more alfalfa he did not grow, the more money the government gave him, and he spent every penny he didn’t earn on new land to increase the amount of alfalfa he did not produce. Major Major’s father worked without rest at not growing alfalfa. On long winter evenings he remained indoors and did not mend harness, and he sprang out of bed at the crack of noon every day just to make certain that the chores would not be done. He invested in land wisely and soon was not growing more alfalfa than any other man in the county. Neighbors sought him out for advice on all subjects, for he had made much money and was therefore wise. ‘As ye sow, so shall ye reap,’ he counseled one and all, and everyone said, ‘Amen.’”

January 9, 2016 2:45 pm

The climate change that we have been experiencing is caused by the Sun and the oceans. There is no real evidence that CO2 has any effect on climate. Until a methodology for forcing the Sun and the oceans to provide the ideal climate everywhere all the time has been developed and shown to work then it will be impossible to figure out what the climate change solution is going to cost let alone who is going to have to pay for it. As far as paying for anything goes, the USA is really a very poor nation with a large national debt, trade deficit, and unfunded liabilities. We here in the USA need to pay off our debts and solve our own economic problems before we consider wasting our money on something like climate change. We just do not have the money. There are many good reasons to be conserving on the use of fossil fuels but climate change is not one of them. A more pressing problem that we should be working on that Mankind can actually solve is Man’s out of control population. If Man does not control his own population then Mother Nature will, catastrophically.

January 9, 2016 2:55 pm

Compelling evidence CO2 has no effect on climate is presented in a peer reviewed paper at
What does cause average global temperature change (97% match since before 1900) is identified at

Jeff Alberts
January 9, 2016 2:58 pm

Why on earth would anyone want to halt climate change?? Do they want a stagnant planet?

Reply to  Jeff Alberts
January 9, 2016 5:43 pm

Yup, a planet of stag nations – everything’s the same.
[And that is a deer problem for all who want to all nations see progress towards a moving future. .mod]

January 9, 2016 3:49 pm

Climate reparations/wealth redistribution is nothing more than the UN meddling with the governments of sovereign nations. How they can possibly justify their actions being within their charter is beyond me and should be a wake up call to the world. Appointed bureaucrats openly attempting to control world economics into their chosen model should be viewed and treated as a crime.

4 Eyes
January 9, 2016 4:16 pm

Only someone not elected by popular vote could come up with in an inane and naive plan such as this.

January 9, 2016 5:06 pm

The magic of “Climate Justice”! Is there any form, or any thing ,it can not do?

Mike the Morlock
January 9, 2016 5:07 pm

Perhaps Ban-Ki Moon would be ah, better advised to buy a few Powerball tickets, it’s now over 900 million US dollars. It would be a start……

January 9, 2016 5:51 pm

Every 50 years the ancient Israelites were supposed to have a year called the Sabbath Jubilee in which all debts were forgive, slaves set free, etc. etc.
But I don’t think there’s any record that this was ever followed, or that it contributed to the economic well-being of the people. So let’s blame all climate catastrophes on this failure to comply!

January 9, 2016 6:22 pm

As the Prime Minister of Tuvalu – a Pacific nation threatened by catastrophic sea level rises – said during the Paris summit: “If you save Tuvalu, you save the world.”
Really? Why doesn’t any journalist call this nonsense out for what it is.
Tuvalu has a population of 10,837 (2012 census). The total land area of the islands of Tuvalu is 26 square kilometres (10 sq mi). They are a nation with UN voting rights yet less people than most suburbs in any large city.
In 2013 the World Bank approved $6 million to upgrade the airport that gets 3 international flights per week. World Bank Statistics outline that in 2010 Tuvalu produced a bottom-tier ranking Gross Domestic Product of $31 million.

Reply to  Robber
January 10, 2016 7:05 am

Tuvalu land area is growing. The PM of Tuvalu is not telling the truth.

January 10, 2016 2:05 am

That remarkable gift to the world, the Paris agreement, seems to contain just 2 references to the much vaunted $100b. One is for another junket to agree an increase. The only concrete reference to actually seeing any of the 100b is para 115. The relevant part is “strongly urges developed country Parties to scale up their level of financial support, with a concrete roadmap to achieve the goal of jointly providing USD 100 billion annually by 2020”. One concludes there are no pledges and not even the dreaded ‘roadmap’ to decide such pledges. Since actual pledged monies for Syrian refugees made by various countries has been notably not forthcoming, this ‘gift’ may be a real disappointment.

January 10, 2016 7:03 am

Resisting the imposition of Climate Imperialism is worth the effort.

Sean T.
January 10, 2016 9:37 am

United Nations Secretary General Ban-Ki Moon have wasted his whole term on the minor environmental issue of climate change. Instead, he should have dedicated himself to the truly dangerous man-made problem that we will face in the next few decades. Perhaps if he had read the futuristic great story “Shield of Life” instead of listening to Al Gore, we would all be better of.

January 10, 2016 2:13 pm

Here is a good recent review on the history of the UN monster called the IPCC:

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