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 ...
This is completely nuts.
It’s all about CONTROL!
BINGO!!!!
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...
Actually it's a non-carbon, NOTHING currency.
Definitely "unhinged from the real world."
This is essentually the same as these cash infusions and buying up bad risk. Smoke and Mirrors. No substance.
Carbon credit = tax by another name
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?
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
You have no choice if they enact this.
Obama wants to have a flat base tax on carbon on top of a cap and trade scheme.
You shall not crucify mankind upon a cross of carbon!
GW ping.
Oops I should have scanned the posts first!
I need to get me a couple hundred of those!
8<)
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