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Green market risk (Likely disaster in Cap and Trade Market)
nationalpost.com ^ | November 07, 2008 | Lawrence Solomon

Posted on 11/09/2008 6:20:28 AM PST by pending

If you think the causes of the financial crisis are complicated, just wait until we start trading carbon 

"To the layers of confusion that now exist in our financial markets we are about to add another, as opaque and volatile as the others, and as unhinged from the real world — a carbon currency. President-elect Barack Obama wants it, Prime Minister Stephen Harper wants it and their European counterparts, to some extent, already have it."

(Excerpt) Read more at network.nationalpost.com ...


TOPICS: Business/Economy; Editorial; Foreign Affairs; US: California
KEYWORDS: 110th; envirowhackos; greens
I would not put 5 cents into this. It is such a scam,does nothing to actually solve the problem. If there is a problem.

This is completely nuts.

1 posted on 11/09/2008 6:20:28 AM PST by pending
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To: pending

It’s all about CONTROL!


2 posted on 11/09/2008 6:21:31 AM PST by ronnie raygun ( When CHANGE comes let me know, I'll put my tin foil hat on and sit in front of myTV)
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To: pending
unhinged from the real world — a carbon currency.

BINGO!!!!

3 posted on 11/09/2008 6:22:16 AM PST by org.whodat ( "the Whipped Dog Party" , what was formally the republicans.)
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To: pending

Trust me, newly oppressed people... incredible fortunes will be made in this sector by those whe donate to Democrats.

Think hundreds of billions in personal wealth. And... because its an international carbon market... you get to park most of in in Switzerland, tax free. Oh to be a Democrat! The riches! The Power!

Puke...


4 posted on 11/09/2008 6:24:54 AM PST by April Lexington
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To: pending
unhinged from the real world — a carbon currency

Actually it's a non-carbon, NOTHING currency.

Definitely "unhinged from the real world."

5 posted on 11/09/2008 6:26:48 AM PST by angkor (Conservatism is not a religious movement.)
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To: pending

This is essentually the same as these cash infusions and buying up bad risk. Smoke and Mirrors. No substance.


6 posted on 11/09/2008 6:28:38 AM PST by wolfcreek (I see miles and miles of Texas....let's keep it that way.)
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To: pending

Carbon credit = tax by another name


7 posted on 11/09/2008 6:31:35 AM PST by 6SJ7 (Atlas Shrugged Mode: ON)
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To: 6SJ7

Another issue is Global warming dissenters are suppressed.

This entire scheme is vulnerable to new data.

This would be a huge financial incentive to maintain the fantasy,the basic premise that there is a problem.

Obama is down with this whole comedy.
Pelosi calls it her flagship issue.

It may be time to buy Gold,sit still for a while?


8 posted on 11/09/2008 6:51:52 AM PST by pending (TODAY)
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To: pending
Maryland PA and Delaware are already in a 3 state scheme to tax utility producers for “Carbon credits”

Maryland for its share, was proud to collect $16 million from our utility providers, in new taxes, for just first month of this scheme. Taxes collected by an unelected body, giving utility businesses the right to bid with this unelected body, to stay in business.

Oh, $8 million of that supposedly goes into a fund to pay the inevitably rising bills of “poor people”.

The rest...well, it supports the bureaucracy of collecting ever more taxes...and lots of high paying executive and lobbyist jobs for the well connected.

The business on which this new tax empire is being built?? keeping us warm this winter. keeping the lights on. Keeping businesses open.

All this stuff is buried in the back sections of your newspapers.

BOHICA America

9 posted on 11/09/2008 6:59:43 AM PST by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: pending
WSJ article in 9/2006 talked about the damage this was doing to the German economy.
10 posted on 11/09/2008 7:07:09 AM PST by sionnsar (Iran Azadi|5yst3m 0wn3d-it's N0t Y0ur5 (SONY)|http://trad-anglican.faithweb.com/|RCongressIn2Years)
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To: pending
I would not put 5 cents into this.

You have no choice if they enact this.

11 posted on 11/09/2008 7:08:24 AM PST by Erik Latranyi (Too many conservatives urge retreat when the war of politics doesn't go their way.)
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To: pending

Obama wants to have a flat base tax on carbon on top of a cap and trade scheme.


12 posted on 11/09/2008 7:38:26 AM PST by Thunder90
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To: pending

You shall not crucify mankind upon a cross of carbon!


13 posted on 11/09/2008 7:39:24 AM PST by billorites (freepo ergo sum)
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To: pending; calcowgirl; Horusra; CygnusXI; Entrepreneur; Defendingliberty; WL-law; Genesis defender; ..
 




Beam me to Planet Gore !

14 posted on 11/09/2008 11:30:26 AM PST by steelyourfaith
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To: xcamel; Tolerance Sucks Rocks; steelyourfaith

GW ping.


15 posted on 11/09/2008 3:06:55 PM PST by TenthAmendmentChampion (Don't blame me, I voted for John McCain and Sarah Palin. Well, for Sarah Palin, anyway.)
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To: steelyourfaith; xcamel

Oops I should have scanned the posts first!


16 posted on 11/09/2008 3:09:34 PM PST by TenthAmendmentChampion (Don't blame me, I voted for John McCain and Sarah Palin. Well, for Sarah Palin, anyway.)
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To: steelyourfaith

I need to get me a couple hundred of those!

8<)


17 posted on 11/09/2008 5:05:03 PM PST by Robert A Cook PE (I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
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