Sub-prime carbon is coming ( The real objective of the Global Warming Fraud )

JoNova Blog ^ | December 1st, 2009 | JoNova

[Ernest_at_the_Beach]

Behind the scenes, large financial houses are moving in stealthily. In 2008, carbon trading worldwide reached $126 billion and is projected to grow to become a $2-$10 trillion dollar market, or “The largest commodity traded world wide”. The largest. That’s bigger than oil, coal, gas, or iron.

Banks want us to trade carbon

JP Morgan, Morgan Stanley, Citigroup, BNP Paribas, Barclays, Deutsche Bank, Citigroup, Credit Suisse are just a few financial houses calling for emissions trading schemes. (None of them seem to be calling for a tax?) Those who broker the trades are guaranteed to make money.

Journalists who repeat IPCC press releases without investigation are unwittingly acting as unpaid agents for large financial players.

This “free market” is not free, and is not based on a commodity, but on unverifiable, unauditable permits for actions that depend on “motivations”. They are issued to companies to build clean factories they would otherwise not have built (who can tell?). The top two auditors in Europe have both been suspended in the last 12 months. Carbon permits have no value other than by government decree. It’s another fiat currency to be exploited by financial institutions.

Bankers benefit — you pay

The potential for fraud and corruption is limited only by what the voting public will put up with (and what they are aware of). Once this legislation is in place it will be impossible to unwind without major compensation claims. Big bankers win either way.

It sucks wealth from those who produce real goods.

* Gun? What gun? Try not paying your carbon taxes and say “hello” to four grey walls.

Sources: Carbon Trading, World Bank Report.

Predictions: Commodities and Futures Trading Commission (CFTC) USA.

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This is page 5 of The Skeptics Handbook II, a 20 page PDF.

This is the html version of The Skeptics Handbook II. Posted here for discussion, feedback and for wider reading. With the links, sources and a few extra graphs and notes not available in the PDF.

[Ernest_at_the_Beach]

fyi

[gibtx2]

it has always been about money. Look at Gore, others in the community. They have made careers with it.

FOLLOW THE MONEY

[smokingfrog]

Carbon trading is nothing more than a massive redistribution of wealth scheme, and the bankers are the middle man.

[4rcane]

we can use Greed against the Environmentalist. All they care about is rewarding their Big corporations buddies

[Just mythoughts]

bttt

[CottShop]

bump- this is unfrickin believable- This fraud WILL go through- the scammers simpyl are NOT goign to give up on this no matter what

[240B]

I’d rather invest in tulip bulbs.

[SunkenCiv]

In 2008, carbon trading worldwide reached $126 billion and is projected to grow to become a $2-$10 trillion dollar market, or "The largest commodity traded world wide". The largest. That’s bigger than oil, coal, gas, or iron.

Okay, somehow this has to be the fault of farmers. Thanks Ernest. :')

[thouworm]

ping

[IncPen]

[steelyourfaith]

 

Beam Me to Planet Gore !

[carolinablonde]

This is one of the many parts of this whole massive fraud that I don't get. The gov't is basically going to create an artificial bubble for an artificial commodity. And, as we all know, all bubbles burst eventually.

If the housing bubble caused the current economic crisis, what's going to happen when the carbon bubble bursts?

This whole idea of carbon trading was invented by Enron/Ken Lay.

Anybody know how things worked out for them? /sarc

[Tolerance Sucks Rocks]

JP Morgan, Morgan Stanley, Citigroup, BNP Paribas, Barclays, Deutsche Bank, Citigroup, Credit Suisse are just a few financial houses calling for emissions trading schemes. (None of them seem to be calling for a tax?) Those who broker the trades are guaranteed to make money.

Die, corporate scum.

D0000MAGE!

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[SERKIT]

Algore is the Madoff of the carbon credit scam.

[Mike Darancette]

In 2008, carbon trading worldwide reached $126 billion and is projected to grow to become a $2-$10 trillion dollar market, or “The largest commodity traded world wide”. The largest. That’s bigger than oil, coal, gas, or iron.

Kenny Lay's dream is coming to fruition, I'm glad he's dead to miss it.

[justa-hairyape]

The gov't is basically going to create an artificial bubble for an artificial commodity. And, as we all know, all bubbles burst eventually.

But this time we know it is a bubble and we know it will be worthless and counter productive and we know it will burst.

[GOPJ]

Thanks for the ping.

[combat_boots]

Ken Lay from the grave.....

[opentalk]

Journalists who repeat IPCC press releases without investigation are unwittingly acting as unpaid agents for large financial players.

This is well said, thanks for posting this.