August 4, 2022

Things are not looking good.

• Argentina third finance minister in a month has said the country will stop over-printing money to help calm its inflation problem.
• Pakistan's currency is depreciating at a rapid pace.
• India's currency depreciation is as large as its neighbours, but is still causing problems for debt and export.
• Sri Lanka has defaulted on it debt because of a complete collapse in its currency.
• The IMF has propped-up some of these economies—rather unhelpfully.

Economic growth and currency depreciation is all part of the global financial crises. But, it is also part of the effects of climate change.

• Torrential rains during India's monsoon season are becoming stronger and over shorter periods of time. This erratic behaviour will directly affect farming in India.

• UNICEF points to 207 flood relief camps supporting 91,594 people with over 130,000 homes damaged or destroyed.

  precipitation levels fell 6 per cent between 1951 and 2015, says India’s earth sciences ministry in a climate change study. But that rainfall is also becoming more volatile, the earth scientists suggest, with both dry and intense wet spells becoming more concentrated.

• Colombia's armed forces look like they are actually going to allow a left-wing president. The country spends more of its gross domestic product on the military than any other nation in Latin America—most of it used against its own population.