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Yes - the many interdependent layers of the fiat debt monetary system... In a major way insurance is crucial to the banks. Without insurance banks will be reluctant to finance assets. Insurers/reinsurers in turn depend on investment in assets to provide the reserve funds required to settle claims. Climate change and resultant declining insurance viability challenges the entire fiat debt based monetary system.
7 sats \ 0 replies \ @kr OP 13h
Without insurance banks will be reluctant to finance assets.
interesting, never really thought about this before
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