Skip to comments.The smell of money ( Carbon Trading and the Money behind the Global Warming Hoax )
Posted on 05/03/2010 1:51:14 PM PDT by Ernest_at_the_Beach
Thanks to Glenn Beck, we get bit more insight into the tangled web that The House of Global Warming was built on.
Who would have thought? Goldman Sachs has been working hard to save the environment for years.
Generation Investment Management (GIM) was founded by Al Gore, and a few friends, which included David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman). They are the fifth largest shareholder in the Chicago Climate Exchange (CCX). Then in 2006, when the CCX needed some extra funding, who should step up to buy 10% of the company Goldman Sachs.
CCX is an exchange that wont be doing a heck of a lot if carbon trading doesnt become mandatory. All of these players have a vested interest in Cap N Trade legislation.
But its not just Goldman Sachs getting in on the deal to make money out of the trading-scheme-based-on-thin-air.
In 2001, a man was apparently working on a device (?) to make carbon trading possible. He filed a patent, then died. His wife onsold this patent application to Franklin Raines, the CEO of wait for it, Fannie Mae. The same CEO who has committed massive accounting fraud.
Now the story gets more slippery: In 2000 the Chicago Climate Exchange was helped to get started by the Joyce Foundation. Its a charity set up years ago, that now manages around a billion in funds. Heres how Beck tells it:
The Joyce Foundation is like the George Soros TIDES Foundation. In fact, its actually bigger than TIDES and even funds TIDES. Think of it as a place where uber-rich and powerful liberals like to dump their money into, so the cash can be spread around to their pet projects without a direct link.
There was one influential member on the board of the Joyce Foundation at the time the Chicago Climate Exchange got its seed money; someone instrumental in steering the funds towards the creation of the Chicago Climate Exchange. They were on the board from 1994-2002. The founder of the Chicago Climate Exchange, Richard Sandor, said that he knew (this person) well, which is perhaps how the money was awarded to the Kellogg Graduate School of Management, where Sandor was a research professor. Ill get back to that person in a minute.
Who could it be that one influential member of the board, who was active in getting the CCX started? Apparently it was a man named Barack Obama.
And that patent application owned by the Fannie Mae CEO? It was finally approved by the patent office on Nov. 7, 2006. Coincidentally the day after the Democrats took control of Congress.
So now, Fannie Mae, who is congressionally mandated to make housing more affordable, is poised to reap billions on a system that has nothing to do with housing except for that it would make housing costs go up.
Remember when Fannie purchased risky mortgages from banks, bundled them together and sold to investors as mortgage-backed securities? And then the housing market was absolutely destroyed? Well, former Fannie VP Scott Lesmes was responsible for that bundling.
Well, heres the good news: Not only will this new carbon trading system try the exact same bundling method (except with air); they are using the exact same guy: Scott Lesmes.
The full Glenn Beck piece. He has challenged the media to report and investigate these connections
Hat tip to Larry
BTTT—should have included you to #19.
All crooked roads lead to Chicago.
Bump for reference.
First the Democrats invented the subprime mortgage scam and Goldman benefits. Then the Dems event cap and trade and Goldman benefits again. And, oh yes, Goldman gave $1,000,000 to the Obama campaign. Things couldn’t any more obvious.
May 4th, 2010 at 5:22 am
Soros is a Fabian!
AT this web site:
in 1947 George Soros took off for London. There he worked as a waiter at Quaglinos Restaurant, as a house painter and an apple picker, enrolling in 1949 at that famous Fabian Socialist institution, the London School of Economics (LSE), where he studied philosophy and economics.
Also found on the web:
A notable recent member of the Joyce Foundations Board of Directors was Barack Obama. While Obama was a director of the Joyce Foundation, the Foundation issued
* a $347,600 grant to Richard Sandor to design a mid-western pilot program for the voluntary trading of carbon dioxide and other emissions that cause climate change, with the goal of answering methodological questions and resolving operational issues. (2000)
* a $760,100 grant to the J. L. Kellog School of Management at Northwestern University, working with Sandor, to fund the design of the Carbon Climate Exchange, otherwise known as the CCX. (2001)
The President of the Joyce Foundation in 2000, when the foundation made its first grant to the Climate Exchange, was Paula DiPerna, who is now executive vice president of the Chicago Climate Exchange in charge of corporate recruitment and public policy, as well as president of CCX International.
DiPerna left the foundation in November 2001 and joined the Exchange. It was the same year in which the foundation gave its second and much larger grant to the exchange. The Exchange launched in 2003.
The Fabian Society has three global goals, one is to centralize credit in the hands of the Fabians which theyve done with this huge fund at 10 Downing Street which has fifty-five trillion dollars in it parked in the Carbon Disclosure Project. The Fabians goal is to centralize credit with the state and control spending, lending and taxing and in fact, they want a global carbon tax in the global common so everyone pays them for the right to breath out. The second is to have global governance through a global elite of teachers at university level. And the third is eugenics, that is, the depopulation of the earth through sterilization, or abortion, or genocide. Fabians are known most amongst the Oxford-educated Rhodes Scholars. The Fabians just had a conference in early 2010 which the Prime Minster of Britain, Gordon Brown, gave a keynote speech in which 700 delegates were in attendance.
Of course you know that William Jefferson Clinton is a Rhodes Scholar along with Robert Reich US, Malcolm Turnbull AU, Tony Abbott AU, among others.
Finally look here to tie all of this together with Tony Blair and Maurice Strong.
I think I want to go into hiding now ..
See #25...might be something new in there.
Spotlight on Gore s Dual Role As an Advocate and Investor
New York Times, Nov 3, 2009, By JOHN M. BRODER
Abstract: Al Gore finds himself in position of having to defend decision to invest, through his venture capital firm Kleiner Perkins Caufield & Byers, in Silver Spring Networks, which produces hardware and software to make electricity grid more efficient.
Gore and his partners invested $75 million in Silver Spring, which wanted to expand its partnerships with utilities seeking to install millions of smart meters in home and businesses; deal appears to have paid off now that Energy Dept has announced $3.4 billion in smart grid grants, with $560 million going to Silver Spring.
Gore and his partners could reap great returns from investment and he is defending that investment against critics who say he stood to benefit personally from energy and climate policies he urged Congress to adopt. Gore contends his investmenet activities are consistent with his public advocacy. (snip)
Gore is a founder of Generation Investment Management, based in London and run by David Blood, a former head of Goldman Sachs Asset Management (the firm was quickly dubbed Blood and Gore).
Mr. Gore earns a partners salary at Kleiner Perkins. He has substantial personal finances invested at both firms, officials of the companies said. He also serves as an adviser to high-profile technology companies including Apple and Google, relationships that have paid him handsome dividends over the last eight years.
Mr. Gores spokeswoman would not give a figure for his current net worth, but the scale of his wealth is evident in a single investment of $35 million in Capricorn Investment Group, a private equity fund started by his friend Jeffrey Skoll, the first president of eBay. Ion Yadigaroglu, a co-founder of Capricorn, said that Mr. Gore does not sit on the funds investment committee, but obviously agrees with the partners strategy of putting long-term money into promising ventures in energy, technology and health care around the globe.
Aspirationally, said Mr. Yadigaroglu, who holds a doctorate from Stanford in astrophysics, were trying to make more money than others doing the same thing and do it in a way that is superior in ethics and impacts.
Mr. Gore has said he invested in partnerships and funds that try to identify and support companies that are advancing cutting-edge green technologies and are paving the way toward a low-carbon economy.
He has a stake in the worlds pre-eminent carbon credit trading market and in an array of companies in bio-fuels, sustainable fish farming, electric vehicles and solar power.
Capricorn holds a major stake in Falcon Waterfree Technologies, the worlds leading maker of waterless urinals. Generation has holdings in