By Ellen Brown : scheerpost – excerpt
Oceans of water are beneath our feet, and new technologies are extracting it economically without ecological damage.
Lack of fresh water is now a global crisis. Water shortages mean food shortages, with hunger creating death tolls substantially exceeding those of the current Covid-19 crisis. According to the United Nations, some 800 million people are without clean water, and 40% of the world’s population is impacted by drought. By one measure, almost 100 percent of the Western United States is currently in drought, setting an all-time 122-year record. Meanwhile, local “water wars” rage, with states, cities and whole countries battling each other for scarce water resources.
The ideal solution would be new water flows to add to the hydrologic cycle, and promising new scientific discoveries and technologies are holding out that possibility. But mainstream geologists have long contended that water is a fixed, non-renewable resource —and vested interests are happy to profit from that limiting proposition. Declaring water “the new oil,” an investor class of “Water Barons” —including wealthy billionaire tycoons, megabanks, mega-funds and investment powerhouses — has cornered the market by buying up water rights and water infrastructure everywhere. As Jo-Shing Yang, author of “Solving Global Water Crises,” wrote in a 2012 article titled “The New ‘Water Barons’: Wall Street Mega-Banks are Buying up the World’s Water”:…(more)