Water Futures Set to Be Traded as Commodities on Wall Street, Like Gold and Oil

[Yowassuphomie]

Did everyone see this?

Water futures set to join likes of gold and oil and trade on Wall Street for first time ever

One high-profile investor who might capitalize on the newly launched water future contracts is Michael Burry of "The Big Short."

markets.businessinsider.com

To me, this is the big writing-on-the-wall moment that humanity may not be able to escape the ouroboros of modern capitalism at all. It seems pretty plausible that a water war could happen within our lifetimes.

I'm not really sure what we as individuals can do besides learning and applying water-friendly local landscaping on any property we have influence over, learning how to collect rainwater, and paying for the equipment to do so early and in cash to ensure that various levels of government don't try to tax us for practicing self-sustainability. I'm also growing a small personal crop of Moringa to have around as a discreet, consistent, drought-resistant food source.

I'd like to hear your thoughts on this. Any insight I may not have considered?

 

[skoobysnax]

I have been saying this is the trend well before the Flint MI water crisis. Companies ahead of the curve in water purification are a good investment if you trade. Defending clean water resources is a must. Nestle is an abuser. I won't go deep into the topic here, google will give you days of reading. A major oil pipeline builder is trying to build a major pipeline over an aquifer recharge point near my region now. Activism is a must and as you point out, preparation for worst case scenarios. People made fun of preppers before the pandemic but their knowledge base is well worth exploring.

 

[Yowassuphomie]

I have been saying this is the trend well before the Flint MI water crisis. Companies ahead of the curve in water purification are a good investment if you trade. Defending clean water resources is a must. Nestle is an abuser. I won't go deep into the topic here, google will give you days of reading. A major oil pipeline builder is trying to build a major pipeline over an aquifer recharge point near my region now. Activism is a must and as you point out, preparation for worst case scenarios. People made fun of preppers before the pandemic but their knowledge base is well worth exploring.

First, I got your PM but I'm not able to reply as a new user. Thanks for the kind words, and I'd love to hear what kind of tunes you play at those yoga parties if you want to send me a separate message or take the chat to my introduction thread 8)

But on the current topic:

I'm very strictly anti-capitalist, though I'm not so arrogant as to claim that I know what the best alternative is. Maybe humanity has to evolve past a certain point collectively to be able to consider the right alternative - maybe (like at the individual level) society has to reach rock bottom in order to finally wake up to our destruction of the environment and its links to infinite-growth-model capitalism.

At the end of the day, the idea that things like food and water can be commodified in the first place is artificially created. I won't forget the time I saw "organic dandelion greens" sold at a health food store for the first time. They were charging like two dollars a bunch! For shit that people spray poison on so it *won't* grow in their yard for free. Even when it comes to water purification, anyone with a little bit of property can collect rainwater and purify it with patties made out of moringa seed.

I catch your drift on investing in water purification companies, but I think there's a lot of karmic debt to be incurred there. When the shit really hits the fan those stocks won't mean a thing anyway - I'm even going so far as to consider "diversifying my portfolio" in terms of growing and hoarding a small stash of homegrown tobacco and opium for bartering purposes.

Unfortunately I think a handful of American propagandists have been extremely successful at not only pacifying the public but also redirecting outrage to useful ends, and it's something that has been effective throughout the English speaking world. Just recently there's been a 250-million strong general strike in India - it's inspiring but almost unreported in the west, and I think the US is too ratfucked to ever get close to something like that.

And yes, preppers... lol. I've learned that there are two strains of preppers, if you will. Those who want to live in a bunker eating canned food for a decade and end up killing their family in a fit of paranoid rage, and those who understand that mutual aid, bartering, and community building will be essential for the world we will soon face.

I certainly don't want to sound like a fatalist, but it should be increasingly clear that the way of life most of us grew up with is pretty unsustainable.