Wall Street investment firms buy up rights to scarce water throughout the West
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- čas přidán 19. 06. 2024
- The Colorado River supplies water to 40 million people throughout the west but its once-mighty flow is shrinking due to a megadrought. Some western farmers and regional officials are concerned about the possibility of "water speculation" igniting a new round of conflict in a time of changing climate. Ben Tracy reports.
#news #environment #coloradoriver
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Who thinks that privatizing a public resource like water is a good idea for our citizens? It is just another way for the Oligarchs to take full control of our country and monetize it for the benefit of the 1%.
So, so, so true!
Invest Firm execs Need to be " Doxxed " & Hunted ? 😉
@@johnwelsh4750 A
A lot more oversight and regulations that prevent them from stealing a resource like water that everyone is entitled to. And then if that doesn’t work…more drastic measures….I think all water rights need to be abolished. It’s an antiquated entitlement that was established when there were less humans and more water. Most water rights are 75-100+ years old.
@@SeaTurtle515 Help me here. The owner of the land owns the water bellow the grounds?? ... If yes, then this is another American insanity. In my country, what's below the surface (minerals) are owned by the state for the benefit of people. We should have a state oil company to extract oil from public lands, rather than charging tiny percentages as royalty. And water below the surface owned by the state.
government ownership isn't any better.
The fact that the rights were sold in the first place is equally horrifying.
@@Chad_Max We live in market based economy. But people will decide what's sold in their market. And it won't be water from lands owned by these vultures. State should force purchase these lands. They already can't move the water form the state.
Who sold their water rights to Wall Street? Is it puplic knowledge? Pretty horrifying.
As a water rights holder myself, I can tell you it was sold by Colorado centuries ago to raise money for the state. I'm 37th in line for water coming down the east side of the Rocky Mountains and my water rights deed was worth 36k in 2016. The largest water rights holder in Colorado is Coors (yes the beer company).
Nestle and Coca-Cola take clean water from indigenous properties for free and resell it back to them, bottle it and force them to rely on that for water, or turn it into cola and Coke has gotten the indigenous of Mexico addicted to coke products and even tricked them into incorporating it into their worship. It’s so unethical.
@@hus390 which is increasingly showing just how problematic it is.
This should be illegal. Vultures is too kind of a word for these people. Evil demons feels more accurate.
we should change the law through constitutional means to allow the legal execution of people who commit such crimes
@@thechemtrailkid and that's why we have congress
They know what's coming... just like the UN knows 2030 to 2050 are gonna be bone dry
Just let California dry up and burn 🤷
@@OkieBadu thats a good idea
That dystopian future I have slowly been preparing myself for is coming true.
“The Water Knife” is a great book about the future of The Colorado.
@SWIRL SOCIETY we can’t leave our Native lands because this was never meant for The United States but The Freedom Of ours True True Native AmaruKhans. I will die for what’s ours before I even think of leaving our ancestors lands.
It is true; but only the smallest percentage aren’t blind to it. Those of us who know…sometimes I feel like I need to know less as I don’t know what to do.
@SWIRL SOCIETY yes.
This should not be permissible.
This is sick. 😢
We cant own water rights but they can !!! I dont think soooo !!
It's too good to be true. The government still owns the water rights. Obama made it Federal law. but this was purchased for carbon exchange. So now because of government, it can never be used. Enjoy your Socialism.
Now if they can just find a way to tax the air we breathe, it's all good.
"Australian entrepreneurs sell cans of clean air to China" already happening
Yeah! And how 'bout regulating Sunshine & Cool Breezes in the summer, too?
They already do.
O2 tanks
In the 1890s private water companies were common. The Denver Water Board bought out these companies to provide public water. Mark Twain said it all - whiskey is for drinking and water is for fighting.
Great. First the houses, then the farmland, and now the water. Good luck to us all.
There were two options: a revolutionary reconstitution of society or the common ruin of the contending classes. Take a guess which one won out.
As the oligarchs and corporations further consolidate wealth and resources, we return to feudalism. Full circle.
@@oregonsbragia it is not at all accurate to call terminal capitalism feudalism. It is the mode of production that determines the type of society. Feudalism was characterized by far less centralized ownership than today. Today, the vast majority of people are proletarianized meaning they are wage workers. They sell their time, whereas feudalism is generally characterized by agricultural workers who worked land for lords and were allowed to keep enough to subsist on. Capitalism is characterized by a much greater socialization of production and free market trade versus the preceding western european economy that had trade meted through a tightly controlled tributary scheme where only officially authorized merchants had access to markets and at fixed prices.
There have been many forms of feudalism across the globe and over time. The Eurocentric depiction of feudalism is one that is grossly distorted thanks to Hollywood. Most feudal societies had weak states characterized by feuding warlords and nobles. In Europe prior to the 16 century, there was some separation in power of the elite and the main hegemonic force was the Catholic church, not any one polity. There were far stronger trade organizations in the form of guilds, at least in that the tradesmen had control over their industry rather than the capitalists that have dominated trades since the 18th century and stripped working people's power through mechanization and proletarianization.
Terminal capitalism is characterized by imperialism, the domination of the globe by empire and its allies and vassals through finance. Finance arouse in the mid 1800s by the consolidation of banking and industry. Banking came to prominence in the political sphere when the Catholic Church relaxed the prohibition of usury and the Vatican became the largest lender in history, bringing unprecedented wealth with which it was the enabler of colonial projects the world over with which it plundered and crushed the better part of the globe ideologically and left the physical domination to its political co-conspirators.
@@philipm3173 revolutionary war against the mark of the beast aka the government. They came over here to destroy our ancestors worse than dogs. Revolution for our Lands And For Our True Freedom!
@@moe8577 you said it comrade
You get the feeling that Water Asset Management would knock its mother's teeth out for the gold fillings.
How can you allow private firms to buy rights to fresh water.
Good lord.
It has been a thing for a while. Large farms do that too
@@ciello___8307 Scary
One can NEVER "Own" Water. What this ACTUALLY IS; Politicians Giving Corporations The CONTROL Of Whether You Get Water, Or Not.
REPUBLICANS ARE IN THE POCKETS OF THE RICH THAT IS WHY THEY ACT LIKE THEY DO BECAUSE THEY ARE UNTOUCHABLE ! ❤️☮️🙏🇺🇸
Greed, that's all I got to say about that.
This won't end well for anyone
There are also water fights in SE Oregon. Many years ago, someone predicted that wars will be fought over water. I believe it.
Yep, T Boone Pickens started buying water and water rights over 20 or 30 years ago. Google it if you want to see his influence in the Texas water wars.
MIT…it was MIT that said we’d be in resource wars. Twenty years later they declared us twenty years early for their models. That’s now.
A revolution of our Native Lands Have Must Happen, i will die for what is right before I run.
So rich people own the water we need to drink. Got it.
This is how revolutions happen.
Yep, I'm already onboard
Revolutions happen by having an organized proletariat headed by a competent political organ.
Water should never be owned by private interest. That should be banned Constitutionally. Such a Constitutional amendment nearly every American would vote for. Now we have to force law makers to do it.
Lawmakers are not only investors themselves but they are on the payroll. That is today's America.
It's much worse if an armed government owns it. but this was bought to offset carbon. so even though a private company owns the land, the government owns the resources which will be publicly off line forever. Fascism.
This is what corporations have been doing with our resources for decades: privatizing public utilities for their own greedy profits.
You mean government. Government owns half the land out west. Remember how a private citizen Bundy tried to use Federal land to graze his cattle?
I love that Colorado have a law banning transfer of water outside the state. These vultures need to be force purchased by the state. They either should use the water in their annual agriculture/ farming only, or it should be sold to the state at the cheapest price possible (just like electricity).
Your idea is already being exploited. Corporate farms have been exporting water intensive crops for decades all over the world.
They are not interested in the water or the land. I think you misunderstood the corruption.
They want the government to pay them to NOT use the water. Sort of like a buyout, so the government can use the water elsewhere.
The investment firms just want free public money given to them for doing ZERO work for it.
They will find a loophole. Like, set up some S-Corp subsidiary in CO to remain within the law. Why not, they got the $ for it
We can’t even take care of ourselves yet but we’re gonna save the planet
thats the narrative but careful to not miss their sleight of hands.
He said, not knowing that he also has a stake in this
"...we're gonna sell the planet"
Fixed it.
We'd be saving ourselves, the planet will be and has been fine without the naked apes, but we're too dumb for self preservation.
How on earth can this be allowed?! There will soon be severe unrest (if not outright wars) over water rights in the not too distant future if this kind of behaviour is allowed to proliferate. I think it might be a good idea, for those can, to set up water-collection systems from the roof of their house.
The Southwest is doomed.
Welcome to the laws pushed by the agriculture lobby in red states before any of us were born pushing for senior water right and “use it or lose it” laws. Not great laws when you need conservation. We have Saudi corporations who got friendly land leases from the AZ land department to export water intensive alfalfa back to their country after they banned its growth back in their country after it drained their own aquifers. Better yet we have former lobbyists for this corporation representing us at the county level.
Depends on the state. Some states have no restrictions, while in others it’s highly regulated because it’s not safe water for consumption or for most of our needs. Some limit the amount you can collect for fear of taking away from ground water. And other states allow it but only for certain outdoor uses. You’d have to have a serious heavy duty filtration system to clean it well enough for most daily uses. This was on the news very recently. Overall I think in * most * states you can collect it, but check on your state’s laws.
Angela Phinn: The idea that resource wars will become commonplace had been suggested by environmentalists, who have been talking about the threat of scarcity of basic things like air and water for years.
Nestle bought the rights to rainwater in most states. Setting up water-collection systems in most states is punishable by a hefty fine
Pure evil.
Quit selling your land/homes to speculators and private investors.
This is intrinsically evil.
Oh folks it begins, this is going to be scary, and both parties won't do a damn thing to stop it 😥
Thinking of what country to move to next
@@inaj27 Africa
Maybe the WEF will save you! lol
I’m sure they’ll manage it as well as the vultures that managed Toys R Us into bankruptcy. This should be unallowable, and BOR should put a stop to it.
What about the vultures that managed this country into 40 trillion in debt?
How bout the private grid in Texas? That's working so well..
Chernobyl
Who has the right to put a price tag on water that’s supposed to be for everybody we all need water to survive you cannot put a price tag on water nor can you say well I own this cause I say I do and here you can buy it for this much this is crazy crazy crazy crazy
Next will be the air itself.
Place your bets.
next will be your time existing.
Government does. They have done it in Cuba for 70 years.
Bad arguement. We all need food to survive, but there's a price tag on that. We all need shelter to survive, but there's a price tag on that.
Total Recall and the oxygen. 💯💯💯
Corporate greed is getting way out of hand. I smell a fight brewing...
Water equates to profits and there will never been enough profits to satisfy shareholders.
all i know is if it comes to fighting for something in life .....water and food should probably be the reason you take up arms. Water should never be a commodity.
"Scarcity does equal value, right?"
A more perfect critique of capitalism has never been uttered.
If people really want to help the planet they would stop creating new humans.
So the people that engineer viruses and fake vaccines are "helping" the planet? Hitler thought along those lines.
Lol, okay bozo
Literally James Bond villains. This is straight out of the plot for Quantum of Solace. This is where the federal government NEEDS to step in.
Federal Government to the rescue? Hahahaha.
They are a million times worse than any Bond villain ever created and put on the screen
Bro they're one and the same
@@nycitizen5126 the federal government who built this infrastructure is worse than the corporations who lobbied the state governments for senior water rights and use it or lose it laws? Where do people come up with this stuff lol
@@nycitizen5126 LMAO. I'm sure the open market will correct this. Get real. Water is a national interest, resource, and crosses state lines. This is absolutely the Fed Gov's problem to solve. Fed's bad... well... guess what... maybe if we had stronger federal anti trust we would have more free speech on the internet and more vibrant markets.
Conservatives and Libertarians don't want to admit the federal government is the solution to the problems created by the federal government.
Haha. Where do you come up with this stuff? The fed government doesn't work for you or I.
Whatever involvement they would have would be to serve and satiate their interests and desires. It is a beast.
This is how Saudi Arabia's government was able to buy the rights to Arizona's water
WHAT !?!? IS THAT TRUE !?!?
@@saraxdouglas8577 yes.
Profoundly bad news. This should be illegal.
🤦🤦 unbelievable...the Southwest is facing a water crisis. Yet, these fools are thinking about profit. Just awful.
Yes, the day is not far when fresh air will also be commoditized and sold.
The federal government needs to recognize potable water as a universal right. Also, water evaporates and rains down... are they going to claim the rain too? People should invest in Water Warka Towers. They pull water from the air, even in arid environments. You can set them up on your property. They use them in Sub Saharan Africa.
This is beyond sickening! We need laws to protect us from the rich!
Yea, but the rich have the lawmakers to protect them from not making more money.
Laws caused this. It's part of the UN agenda Build Back Better.
oh my god how is this legal??
That's the Stock Market. Just ask Paul, he will tell you.
we must end the stock market
And do what? Switch to Socialism?
because China has so much clean water?
@@Reaper-cm4jr yes, because socialism is the idea that every person deserves food, water, shelter and medical care as a human right. Anyone who doesn’t believe that is a narcissist
@@down-to-earth-mystery-school OK. So why haven't you moved to the Utopia of Venezuela yet? Socialism there, it must be Paradise.
@@Reaper-cm4jr couldn't be that the most crushing sanctions ever imposed would have something to do with stifling a national economy...
This can't be good.
Yup! Water speculating will happen which is sickening that they are going to do that
Carbon exchange.
... In a few short words : WTF ? ... 😱 ... 😵💫 ... 🤔 ... 😡.
*Capitalism does capitalist things* Americans: Shocked Pikachu face
Exactly
Vulture are everywhere in this country. Its so sad.
Capitalism run amok.
2030 headlines…”wall street buys the sky..therefore they own the water from rain”….
Access to drinkable water should be a human right. Capitalism and private industry shouldn't be allowed to mess with anything so critical to survival
This is wrong on all levels how do you buy a natural resource
Everyone everywhere should be more aware of their water usage and conserve on a regular basis. This is just the beginning of this kind of thing. Eventually the people with deep pockets will control all water.
Maybe a government agency should tell us how much we are alloted? Food too.
Sounds like the plotline for "Quantum Of Solace", the 2nd Daniel Craig Bond film.
Criminal.
They buying up houses the land the water... the tech.. the dignity of America.. working class made enough money fo them to do this to us. The ones who worked for them. I'm so disgusted. We hear this on every real level of living now. We need houses we need water we need them. Now.
Oh good! So not only do regular families and farmers need to compete with giant companies for single family homes, we now need to compete with them for water rights! 👍 Thanks America
I’m sorry…water rights?! Everyone has a right to a natural resource. Explain to me what exactly are water rights?
87 comments posted at this time, on a topic as important as this too. Certainly telling about where priorities are, not here clearly. What is it going to take to make people care?
Institutionalized mismanagement of water in California exacerbates the issue.
Absolutely disgusting.. they shouldn’t be allowed to buy any resources we need to survive
Isn't capitalism just grand
That's how BLUE STATES Roll.
Yobambone's Clean Water Act controls it. It's a farce to think any private individual can own water today. Probably just bought it to get Carbon Credits which means it's off limits to anyone under the UN policies.
This is just another example of, pardon the economic term, "rent seeking" which should be illegal.
Of course politicians are happy with the law because they donation money from Wall Street and when they are done serving in Congress, will seat on the board of Water Asset Management and collect a 6 figures salary, while selling out their own country.
So we're in the prequel to Tank Girl. Got it.
Water rights should never be for sale to individuals or corporations. I don't understand why people don't rise up about that.
So Farmers shouldn't be able to own water for their crops?
So only politicians should control water?
Water is mercy from our Creator, and only a devil would try to claim it as their own.
How can they buy public water???
Keeping beef and milk in the grocery stores uses a lot more water than keeping the water running to residential houses. 80% of the water usage is agriculture and about three fourths of that is to grow grass to feed cows so that we can eat meat and drink milk. Eating less meat saves a lot more water than taking fewer showers does. Most of the water loss is not people moving to cities in the Southwest. Most of the water loss is not due to climate change. Most of the water loss is people irrigating crops to feed animals. We have to understand where the water is going before we can come up with good solutions to the water shortage.
Why don't they try to keep company's from draining them
This should be on every American mind and outrage them, how is our government allowing this in the first place 🤦🏽♂️
Public land should never be sold to private investment firms looking to make a profit from streams, lakes, and rivers. Water is necessary for life and it shouldn't have a price tag on it period. What's next, air?
Food, housing, healthcare, education, now water, next air.
Push comes to the eventual shove, the public won’t permit this. Forcefully saying so
The public is voting FOR this but is too mis-informed to know it. Those who are motivated by economic measures vote for corporate interests like water ownership.
Price of water, land, food will go up, up, up in the years ahead. Wall Street will make us all indentured servants unless people (1) consistently vote and (2) consistently vote against politicians from any party who support the corruption of our political system primarily through money (dark and otherwise); lobbyists writing legislation; orgs like ALEC; etc.
This is so scary.
Hands off, Wall Street.
Finally we can all live in the apocalyptic world we tried to create with COVID
Well, in addition to some trying to march us into a chapter out of "The Handmaid's Tale" now Wall Street will add in the flavor of "The Hunger Games" to further their bank accounts.
Just let the Southwest dry up. It should have never been settled to begin with.
The government already did that now its the UN's turn.
It is hunger games...
W Jason Bourne...
And little splash if handmaids + pinocchio.
Welcome to libertarianism. Every resource has a price even if it’s your drinking water. Now regular people get to compete in the free market with not just Wall Street, but the Saudi corporations, and China. Surely that will work our great for water prices, food scarcity and affordability.
Wtf?
WHAT!!!!! NOOOO!!!!!!
Is nestle behind this?
🎯🎯🎯🎯🎯
Colorado Stand Up!
Nationalize natural resource allocation and employ the army corps of engineers to manage it
money can really buy anything you want
Any time a corporation refuses to make comments on stuff that means that what the news is saying is true about them. And 2nd of all there should be no such thing as water rights when every living thing has a right to water otherwise they die of thirst. So this thing about water rights it's about to get real people with that show silent sea. Essentially people who had more money Or who were wealthy had access to better and clean water those who did not got dirtier polluted nasty water. And what a surprise the people without the money worked the most jobs that rich people needed and who got sick more often than not.
I’m starting to think this not not a drought problem but a population one
$20 million worth of land- but HOW MANY acre-feet of water?! How does this factor into the cuts being made?
Now wall street is taking off our water sounds like another nestle deal
This is so BS, this is what government need to step in n help the people n not their own pocket
This is so disgusting. Greed is an insatiable beast
If the 1% could charge us for breathing air they would.
Humans: the only animal on the planet who will soon have no right to have a free drink of water. You'll watch a cat lapping freely at a stream but you'll be arrested for attempting the same thing.
Nothing exceeds like Capitalism. Gotta luv it!
It is plainly wrong to use water the same way as oil. People can live without oil but but they can only live for a few days without water.
For years the state of Arizona refuses to discuss atmospheric water generators, water from air towers and devices. It is up to We The People to implement wise solutions. That goes for the Mississippi River too.
Any ideas for how to get our government to speak with atmospheric water generator inventor Moses West, check the Moses West Foundation, to print AWGs, as described on the EPA site - water from air towers and devices. Also, to clean water, check Ralph Suddah's Hydreva magnetic water cleaning system. We can give farmers as much water as they need. Live from abundance instead of lack.
My prayer stands - Dear Lord - Thank you for delivering us from evil and stupid. It's time for better water management.
Well this sounds like a bad idea. What could possibly go wrong?
Isn’t Colorado one of those states that don’t allow you to collect rainwater from your own roof?
Nestle owns a lot of water rights
This is a crime.
I have always said that if Republicans could figure out how to charge us $$$$$ for the air we have to breathe to live they would do it! Water is equally critical to "LIFE"!!!
This is terrible. This is why politicians aren’t doing anything about the water crisis. They want to charge a premium for water.
In a monopoly game I would consider this a crucial move to effectively bankrupt everybody beneath