Banksters Love Cap-and-Trade

The Corbett Report ^ | Thursday, July 2, 2009 | James Corbett

[Delacon]

The well-placed and well-connected are set to make trillions off new climate bill; economic collapse about to accelerate

The sweeping new bill which just passed the House last Friday, the Clean Energy and Security Act of 2009 ^[2], is ostensibly about climate change, but it is in fact a bill of staggering economic ramifications that is going to accelerate the takeover of the economy by the well-placed financiers who have already plundered the Treasury and the Fed of $12+ trillion and counting ^[3]. It was rushed through the House in the tradition of such nightmarish legislation as the Patriot Act and the banker bailout of last October: hundreds of pages were added to it at the last minute and it was humanly impossible for anyone to have read it ^[4] before they voted on it. This, of course, is exactly what Obama promised ^[5] his administration would never allow to happen, and for good reason; bills passed in this manner are always the result of fear and panic and inevitably results in legislation that would never be passed upon sober second thought.

In this case, the rush to pass this new bill was an attempt to stop any scrutiny of a plan that is going to utterly transform the American economy, further centralize control of citizens’ lives in the hands of unaccountable federal bureaucrats and complete the transfer of the American economy from Main Street to Wall Street. And all of this in the name of fighting a threat which itself is a demonstrable fraud. In short, the banksters and bureaucrats are sharpening their knives, preparing to butcher what’s left of the carcass of the United States, and a good portion of the public are not only willing to allow it but are actually clamoring for it.

The first thing that needs to be understood about the brand new trillion dollar carbon-trading commodities market that will be brought into existence if this bill passes the Senate is that it is a ripoff designed by and for the very corporate interests the environmentalists claim to be fighting. For an historical precedent of what is being proposed under this cap-and-trade scam one can look to Enron, which immediately found ways to plunder billions of dollars from new energy market legislation ^[6] passed by the Clinton Administration in 2000. They gave schemes for manipulating billions of dollars out of Californians funny little names like Death Star ^[7] and even went so far as to rig up a completely fake trading floor in their offices ^[8] in order to bamboozle investors who were interested in the company’s remarkable success. They got away with it because they were The Smartest Guys in the Room ^[9], much brighter than the government bureaucrats who were supposed to stop them from committing such blatant fraud (assuming the regulators weren’t simply paid to look the other way). And now supporters of this new bill are putting their blind faith in these same bureaucrats to regulate a scheme to create a vastly more complex market with hundreds of times as much money at stake. Is it any wonder Enron was a booster for cap-and-trade ^[10]?

That the new carbon trading market can and will be manipulated by the very same financial oligarchs and government bureaucrats who have brought the world to the brink of economic Armageddon is laid bare in a must-read article ^[11] by Matt Taibi in the latest issue of Rolling Stone. In “The Great Bubble Machine” Taibi meticulously documents how the amazingly well-connected Goldman Sachs has managed to manipulate and profit from every financial bubble since the Roaring Twenties and how they’re getting set to do it all over again with the creation of a carbon trading bubble:

“The bank owns a 10 percent stake in the Chicago Climate Exchange, where the carbon credits will be traded. Moreover, Goldman owns a minority stake in Blue Source LLC, a Utah-based firm that sells carbon credits of the type that will be in great demand if the bill passes. Nobel Prize winner Al Gore, who is intimately involved with the planning of cap-and-trade, started up a company called Generation Investment Management with three former bigwigs from Goldman Sachs Asset Management, David Blood, Mark Ferguson and Peter Harris. Their business? Investing in carbon offsets. There’s also a $500 million Green Growth Fund set up by a Goldmanite to invest in green-tech … the list goes on and on. Goldman is ahead of the headlines again, just waiting for someone to make it rain in the right spot.”

In effect, this bill creates an entirely new commodity that is guaranteed to generate ever-increasing profit for those who have already spent millions preparing to get in on the ground floor. Here’s a hint: that does not include your average mom and pop investor or your dual-income family struggling to make ends meet in a crashing economy. Here’s another hint: it does include financial juggernauts like Goldman Sachs who have been investing in solar, wind, and biofuels ^[13] for years and now just happen to find themselves in the perfect position to start reaping vast profits from their headstart in the new carbon credit economy (and you thought Paulson was into going green for any other reason than making green?). It also includes Obama, who was instrumental in helping set up the Chicago Climate Exchange ^[14] for his political cronies like Al Gore, who already has a company which he uses to buy carbon credits from himself ^[15] and who had made multi-million dollar investments ^[16] in companies developing carbon tracking software that will be essential to the new carbon-swindle economy.

There are still those out there, however, who believe that this time it’s going to be different. This time the government is going to set up a new trillion dollar industry overnight, make sure it is regulated by angels of unquestionable integrity and goodwill, prevent it from being manipulated by big business, and create scores of new “green” jobs in the renewable energy industry (presumably to replace the hundreds of thousands of jobs that the economy is already hemorrhaging or the hundreds of thousands more that will be shed when these carbon taxes and penalties really ratchet up in the next decade). Well, let’s assume for a moment that we have crossed into just such a fantasy world. It still does not change the fact that the bill itself only offers phony solutions to a problem that doesn’t exist.

The phony solution is the “Clean Energy” part of the Clean Energy and Security Act. What feelgood platitudes about pumping billions of dollars into solar, wind and alternative energy projects obscure is that throwing money hand over fist at inherently ^[17] flawed ^[18] technologies ^[19] will not actually make them work, nor will it make the money-hungry charlatans who promote them any more honest. Just ask Albert Lanier. He’s a freelance journalist who has been writing a series of articles ^[20] about First Wind, a Massachusetts-based wind developer that is currently being investigated by the New York Attorney General’s office. In a recent interview ^[21] with The Corbett Report he revealed how the Mafia has been linked to the Italian wind farm industry ^[22], which might say more about the industry than it does about the mob.

Of course, the entire idea of “cleaning” the atmosphere of carbon dioxide seems a bit ridiculous when you realize that by historical levels we are living in a CO2-starved environment ^[23], that global surface temperatures are dropping ^[24], that global ocean temperatures are dropping ^[25], that key proponents of the manmade global warming theory have been caught faking data to support their arguments ^[26], that Arctic sea ice is expanding ^[27], and that sea levels are not rising ^[28]. But why let actual science get in the way of a good scare story, especially when that scare story can be used to create a new trillion dollar industry for the banksters?

For those who cannot be convinced to consider an issue until it affects them personally, rest assured this draconian new legislation will reach into every American citizen’s living room…literally. As Congressman Steve Scalise has already pointed out, this “climate bill” contains within it a new national building code that supersedes all existing state codes. If enacted, this legislation will create an entirely new class of federally-funded green brigades with the mandate to perform house-to-house inspections to look for violations of this new “green” building code. They would even be able to impose civil penalties for code violations (like having the wrong windows or lightbulbs). Watch Congressman Scalise’s comments in the player below:

This bill is not only unnecessary, it is dangerous. It is not only economically reckless, it is economically suicidal. It’s passage will be a particularly dark day in American legislative history, something almost unthinkable given the constitution-destroying atrocities passed during the Bush years. There is only one thing left for Americans to do: call their senators and let them know that it’s time to make a decision: vote against the Clean Energy & Security Act of 2009 or join the unemployment line come next election.

[Delacon]

 

Al, when I am done pushing this through, you owe me a night on the town.

[Delacon]

ping

[xcamel]

Carbon Tax, Cap & Scam Ping - (POGW)

---

Nothing to see here... Move along..

[Jack Hammer]

The United States is rapidly becoming as corrupt as any African Republic.

[cranked]

Not only the largest tax on the American people in US history, but the largest scam ever perpetuated in world history.

[norraad]

Ping. ., $h!1 we’re bein’ Pimped ! !

[rabidralph]

Savage was talking about this on last night's show. He reference an article in the latest issue of Rolling Stone. It's about Goldman Sachs manipulating the markets since the Great Depression.

[Delacon]

From the article:

 

That the new carbon trading market can and will be manipulated by the very same financial oligarchs and government bureaucrats who have brought the world to the brink of economic Armageddon is laid bare in a must-read article ^[11] by Matt Taibi in the latest issue of Rolling Stone.

[parsifal]

FR needs to invent a new name for this stuff. Cap and trade hmmmm. My first vote is for “crap” instead of “cap”. So now we have “crap and trade”

crap and wade (you know wade thru it)

parsy, who is substituting consonants like crazy. (PS I’ve already invented “frippery slope” so ya’ll be sure to credit me on that. And yes, frippery is a word.)

[ding_dong_daddy_from_dumas]

Anti-American bankers? Who would have thought?

[parsifal]

To me:

1 syllable:
ade, aid, aide, bade, bayed, blade, braid, cade, dade, eyde, fade, fayed, flayed, frayed, gade, glade, grade, hade, haid, heyd, heyde, jade, kade, lade, laid, made, maid, mayde, paid, played, prayed, preyed, quade, quaid, raid, rayed, schade, schrade, slade, spade, spaid, spayd, spayde, sprayed, stade, staid, stayed, strayed, suede, swayed, they’d, trade, wade, waid, waide, weighed, zaid

2 syllables:
afraid, air raid, allayed, arcade, arrayed, band aid, betrayed, blockade, brascade, brigade, brocade, buffeted, cascade, charade, cliched, conveyed, crocheted, crusade, decade, decayed, degrade, delayed, dismayed, displayed, dissuade, ditch spade, downgrade, evade, fan blade, first aid, first grade, forbade, free trade, get laid, goldade, gold braid, granade, grenade, handmade, home-made, homemade, horse trade, invade, kincade, kincaid, knife blade, leaf blade, manmade, marcade, mccade, mcdade, mcdaid, mcglade, mcquade, mcquaid, mcquaide, mislaid, obeyed, okayed, old maid, outweighed, parade, persuade, pervade, portrayed, prepaid, remade, repaid, replayed, sauteed, sayed, slave trade, surveyed, tirade, unmade, unpaid, unswayed, upgrade
Source(s):
www.rhymezone.com

so maybe “crap and played” like its a bunch of crap and we have been played?

parsy, who still has his thinking cap on.

[KoRn]

We should take all of these “banksters” and corporate types that jump in bed with government to infringe upon our freedoms for profit, and decorate light posts with them!

[dcwusmc]

Agreed. After we have treated them on a sliding scale for their evils...

Start with tarring and feathering, then proceed to such delights as drawing and quartering, the Iron Maiden and the ever popular cleansing vat of boiling oil. Include the politicians who voted for and support this monstrosity in the “consequences” treatments... AND the inevitable bureaucraps who would attempt to enforce it...

[Freedom'sWorthIt]

bump

[hedgetrimmer]

America’s population in spite of the best efforts of these crooks, a corrupt congress and virtually unstopped illegal immigration has only a population of 300 million (only!)

These crooks are slavering after the countries will a billion or more, countries who are only too eager to do business with the bankers, if only they gut the American domestic economy first and redistribute the wealth— they are poor nations, sob!, and they need the wealth shifted to them so the bankers can have their billion person markets.

[Tolerance Sucks Rocks]

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[ding_dong_daddy_from_dumas]

These crooks are slavering after the countries will a billion or more, countries who are only too eager to do business with the bankers, if only they gut the American domestic economy first and redistribute the wealth— they are poor nations, sob!, and they need the wealth shifted to them so the bankers can have their billion person markets.

And if their plan works, we will all be slaves to the debt they foisted on us. That's the basic plot of the movie "The International." The honest cop and prosecutor could not take down the multinational bank, because the governments kept protecting it.

[Free Vulcan]

Ah Enron. They were the ones that wanted the cap n trade system in the first place, to make billions.

One of their first consultants: James Hansen. Yeah that James Hansen.

http://www.investigatemagazine.com/archives/2006/03/investigate_oct_5.html

[Attention Surplus Disorder]

BFL

[palmer]

Please, someone, explain how heavier-than-air car emissions can get 6-8 miles up where weather is generated?

That link has very good explanations of the money flows and politics, but it was written without much knowledge of the science. Most greenhouse gasses are well mixed, not generally heavier than air. Most weather is generated at 850 mb which is about a mile up (more in summer, less in winter).

[bamahead]

If enacted, this legislation will create an entirely new class of federally-funded green brigades with the mandate to perform house-to-house inspections to look for violations of this new “green” building code. They would even be able to impose civil penalties for code violations (like having the wrong windows or lightbulbs).



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[Jo Nuvark]

Knee-cap and Traitor.

[wolfcreek]

GS is also a major contributor to the World Wildlife Fund whose founder Prince Philip said in 1981,

“Human population growth is probably the single most serious long-term threat to survival. We're in for a major disaster if it isn't curbed... We have no option. If it isn't controlled voluntarily, it will be controlled involuntarily by an increase in disease, starvation and war.”

— HRH Prince Philip, interview “Vanishing Breeds Worry Prince Philip, But Not as Much as Overpopulation”, People Magazine, Dec. 21, 1981

[FreeKeys]

If enacted, this legislation will create an entirely new class of federally-funded green brigades with the mandate to perform house-to-house inspections to look for violations of this new “green” building code.

This would be America's version of the Iranian religious police. And make NO mistake -- this enviromania IS ENTIRELY as IRRATIONAL, MYSTICAL AND UNRELATED TO REALITY as fundamentalist Shiite Islam; but it sure gives the true believers a reason to push around and even brutalize everyone who doubts their closely-held blind faith. It would be OUR religious police.

The American Ecological Church of Global Warming (Amendment I of the Constitution of the United States says: "Congress shall make no law respecting  an establishment of religion..." BUT: this does NOT apply to US because OURS is THE ONE, THE TRUE, THE ETERNAL RELIGION OF ALL MANKIND ! *) Now, bow down!   BELIEVE, OBEY and  ESTABLISH !

-- from THIS page

[investigateworld]

There is an excellent novel on the Web by Larry Niven and Jerry Pournelle called, " Fallen Angels" that gives a senario like you described.

[Young Werther]

I agree with US Energy Secretary Steven Chu who wants to paint roofs white and cover asphalt roads with a paler color. In effect, we would be changing the albedo, reflectance, of the planet.In this way more of the solar energy would be bouncd back into space.

I agree with this strategy and would take it one step further. A pigmentation pallette of all humans would be produced and those deemed too dark would be euthanized for the good of mankind. Not only would they be not absorbing as much solar radiation but with about 50% of the inhabitants gone there would be a lower need for food and shelter. they also would not be exhaling that evil CO2!

Albinos Rule!

[Dead Corpse]

mandate to perform house-to-house inspections to look for violations of this new “green” building code.

Well... That's certainly going to get a lot of folks hurt...

[PGalt]

Thanks for the post; link; links; ping/link. BUMP-TO-THE-TRUTH!

[Panzerlied]

Lord I believe; it’s my data which disagrees!

[steelyourfaith]

Thanx !

 

Beam me to Planet Gore !