Editor's note: How would you like your catastrophe? Natural or man-made induced? This British Pilgrims Society asset thinks "the only way society changes is through catastrophe." Change certainly comes with catastrophe - natural disasters in as much as we can accept there are some natural disasters that cause catastrophes. That is why there are CAT bonds (and their insurance linked securities) betted (bond investors are gamblers) on both sides of a disaster. How many people realize CAT bonds were issued on the Covid man-made pandemic to cover insurers on mortality rates? Induce a "catastrophe" to trigger the CAT bonds (catastrophe bond market is worth roughly $40 billion globally). What Poste is discussing are man-made catastrophes hiding behind his benign descriptions of how "catastrophes cause change." Want a catastrophe? Drop three buildings in New York. What about a man made Covid pandemic? And the latest catastrophe we are seeing unfold in Israel? Maybe this is why these saprophytic politicians always talk about change?
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