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Sub-prime carbon is coming ( The real objective of the Global Warming Fraud )
JoNova Blog ^
| December 1st, 2009
| JoNova
Posted on 12/04/2009 7:49:52 PM PST by 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. Thats 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. Its 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.
TOPICS: Business/Economy; Conspiracy; Science
KEYWORDS: carbontrading; climategate; globalwarminghoax; globalwarmingscandal; gorebalism
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To: xcamel; BIGLOOK; Grampa Dave; SierraWasp; Marine_Uncle; NormsRevenge; SunkenCiv; blam; ...
To: Ernest_at_the_Beach
it has always been about money. Look at Gore, others in the community. They have made careers with it.
FOLLOW THE MONEY
3
posted on
12/04/2009 7:55:33 PM PST
by
gibtx2
(End Tenure)
To: Ernest_at_the_Beach
Carbon trading is nothing more than a massive redistribution of wealth scheme, and the bankers are the middle man.
4
posted on
12/04/2009 7:57:51 PM PST
by
smokingfrog
(I'm from TEXAS -- what country are YOU from?)
To: Ernest_at_the_Beach
we can use Greed against the Environmentalist. All they care about is rewarding their Big corporations buddies
5
posted on
12/04/2009 8:00:06 PM PST
by
4rcane
To: Ernest_at_the_Beach
To: Ernest_at_the_Beach
bump- this is unfrickin believable- This fraud WILL go through- the scammers simpyl are NOT goign to give up on this no matter what
7
posted on
12/04/2009 8:09:02 PM PST
by
CottShop
(Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
To: Ernest_at_the_Beach
I’d rather invest in tulip bulbs.
8
posted on
12/04/2009 8:09:52 PM PST
by
240B
(he is doing everything he said he would'nt and not doing what he said he would)
To: Ernest_at_the_Beach; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Fred Nerks; ...
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. Thatâs bigger than oil, coal, gas, or iron.
Okay, somehow this has to be the fault of farmers. Thanks Ernest. :')
9
posted on
12/04/2009 8:16:54 PM PST
by
SunkenCiv
(https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
To: cripplecreek
10
posted on
12/04/2009 8:17:09 PM PST
by
thouworm
To: Ernest_at_the_Beach
11
posted on
12/04/2009 8:19:49 PM PST
by
IncPen
(SEC PROSECUTE AL GORE FOR TRADE FRAUD - GIVE BACK THE OSCAR! - GIVE BACK THE NOBEL!)
To: Ernest_at_the_Beach; Defendingliberty; WL-law; Normandy; TenthAmendmentChampion; FrPR; ...
12
posted on
12/04/2009 8:49:54 PM PST
by
steelyourfaith
(Time to prosecute Al Gore now that fellow scam artist Bernie Madoff is in stir.)
To: Ernest_at_the_Beach
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
13
posted on
12/04/2009 8:50:46 PM PST
by
carolinablonde
("The Constitution protects all of us, not just those on the left." - Gov. Sarah Palin)
To: Ernest_at_the_Beach; 11B40; A Balrog of Morgoth; A message; ACelt; Aeronaut; AFPhys; AlexW; ...
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.
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14
posted on
12/04/2009 9:02:40 PM PST
by
Tolerance Sucks Rocks
(Don't eat your dog; eat obnoxious, liberal humans to save the planet!)
To: gibtx2
Algore is the Madoff of the carbon credit scam.
15
posted on
12/04/2009 9:12:21 PM PST
by
SERKIT
("Blazing Saddles" explains it all.....)
To: Ernest_at_the_Beach
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. Thats bigger than oil, coal, gas, or iron. Kenny Lay's dream is coming to fruition, I'm glad he's dead to miss it.
16
posted on
12/04/2009 9:20:22 PM PST
by
Mike Darancette
(Copenhagen Climate Summit; Shovel Ready)
To: carolinablonde
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.
To: Tolerance Sucks Rocks
18
posted on
12/05/2009 4:35:47 AM PST
by
GOPJ
(Anthropogenic global warming-the most costly and widespread scientific FRAUD in history-James Lewis)
To: Ernest_at_the_Beach
Ken Lay from the grave.....
19
posted on
12/05/2009 5:46:14 AM PST
by
combat_boots
(The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
To: Ernest_at_the_Beach
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.
20
posted on
12/05/2009 6:04:48 AM PST
by
opentalk
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