Government's are broke- Massive asset shift imminent

On Wednesday night I gave an online talk (organised by Councillor Jason Weeks) to residents of Lancelin, a small coastal town in Western Australia which is facing managed retreat.

Managed retreat is the removal of people, properties and infrastructure from areas deemed to be too high risk due to climate change modelling.

This video is an excerpt from the longer presentation and focuses on a key issue- Infrastructure. I’ve pulled out information on how local government is broke, our aging infrastructure (roads, sewerage, water etc.) is at the end of its lifetime, plus there will be requirements to create new infrastructure for the digitalisation of everything and for disaster warning and mitigation infrastructure justified through climate modelling.

What’s the answer to this lack of public funds? Well, it’s higher costs for residents, with transfer of public infrastructure over to the likes of Blackrock. We are on the brink of a massive asset transfer- all under the guise of climate change.

Blackrock has recently brought Global Infrastructure Partners. To quote Larry Fink:
“We believe the future in the private markets is going to be infrastructure” because “deficits matter and the future of governments funding their own deficits are going to become more difficult, and I am in conversations with government in doing more public private transactions.”

To simplify, governments are broke, public infrastructure is going to go in to private corporation hands, and we will be paying for it. The private infrastructure companies will decide if they see it as worth their while to keep infrastructure up to your town.

Substack article covering the managed retreat plans: https://kate739.substack.com/p/manage...