Noteworthy:
"Carbon credits are a form of fiat currency, yet as calls for carbon trading grow,ironically, another fiat currency collapses—destroying life savings, wiping out jobs, and taking down historic institutions overnight.
Fiat money has a long history of failure, corruption and fraud. The inevitable booms, busts and inflation act as an
invisible tax, transferring wealth from people who work and save to speculators,middle men, and crooks.
The US dollar—sovereign issue of a great capitalist,democratic nation—is on life support. So far at least eight hundred billion dollars has been created from thin air to stop the banking system from crashing."
...and:
"There is no way through the god of taxation that the US government can rescue its balance sheet. Fisher points out that the government would need to pull in two thirds more tax revenue each year, every year, ad infinitum, or cut discretionary spending by an unthinkable 97%. The fate of the US dollar hangs in the balance. There are only two ways out:
1. Salvation through Inflation: The cheat’s way. Think ‘Weimar Republic’ and wheelbarrows of cash—all debts become payable as dollars are created from thin air and the US dollar devalues. It didn’t work that well for the Germans, Hungarians, or Argentinians. And there’s no rush to migrate to Zimbabwe right now.
2. Prosperity through Productivity: The hard work way—and usually, the American way. Fix the trade deficit by making things other countries want.
The best way for the US to get out of this mess is by making real goods and services to export. Anything that hinders that productivity should be put under a microscope.
Since carbon underlies most forms of energy generation and agriculture, it’s obvious that a tax on carbon could not possibly enhance the productivity of these central industries—at least not until a realistic alternative could be found, tested and mass produced. Energy use on its own accounts for 7-8% of the entire GDP.
Meanwhile, global warming alarmists are asking us to create another fiat currency, this time based on hot air. Large multinational conglomerates are already pouring billions into exchanges and derivatives in anticipation of carbon trading. There are ‘options’ to buy credits in the future.
There’s no longer any evidence that carbon matters much to our climate; and in the unlikely event that carbon might matter, the benefits of trading carbon don’t add up.
If the US adopted Obama’s strict 80% reduction in emissions tomorrow, thus transforming the main energy source used by Americans since Columbus1, the savings in carbon merely delay the claimed warmer-Armageddon by six years.
Currencies based on nothing are powerful tools that have reshaped civilizations. But they draw out the darkest elements of human nature. We open this Pandora’s Box with trepidation."
And finally, THE key point:
"Using a fiat currency system to control a harmless natural gas is like using a combine harvester to prune the roses. It might get the job done, but there’s a risk you’ll lose the house."
Europe is seeing the results of adopting this scam set forth by Sir Nicholas Stern and Al Gore. Many of the countries are doing their best to rid themselves of the burden this has placed on their industries and their economy. Australia, though not a signee of the Kyoto BS adopted some of the carbon trading scams and with that they see just how dangerous signing on under the Kyoto Accords is. Carbon trading is only a way for the IMF and WTO to take over the economies of the world. It's another one of the Soros schemes for the NWO. Be afraid, be very afraid.
ReplyDeleteCarbon trading really is nonsense. And yet, we're about to see another bubble.
ReplyDeleteIn a shocking development, the Associated Press reports on some specific examples of the carbon credit trade and finds that (a) they are costing people a lot of money, (b) they may do nothing to lower greenhouse gas emissions and (c) they incentivize the destruction of the environment and people's homes .
ReplyDeleteThe AP quotes one Chinese man:
"Nobody asked if we wanted to move. The government just posted a notice that said, ‘Your home will be demolished.'"
The AP also quotes a Stanford University expert that the carbon trading mechanism "is an excessive subsidy that represents a massive waste of developed world resources."
What's happening is that the "developing world", spelled "China," is being paid money, mostly from Europe, to build hydro-electric dams. When those dam locations include natural habitat or people's homes, so long to habitat for flora, fauna and humans. The environmentalists are in a tizzy: global warming or habitat loss -- what to do, what to do?
As they ponder that conundrum, China, with the world's third largest economy, siphons money -- hundreds of millions of dollars -- from Europe and other Kyoto signatories of the developed world.
If the US joins Kyoto, as Barack Obama wants, it will join the crowd of countries paying China to evict people from their homes and build massive hydro-electric dams. In fact, it would become the biggest player in a market worth hundreds of billions of dollars in the near future. Guess which way the money will flow in that market -- into or out of the US?
None of this is surprising - except that the AP is reporting
From where I sit the whole carbon scam is an absolute disaster for the environment. By subordinating almost every very real environmental concern to CO2 (Greenhouse Gases, Global Warming) and so forth, who is going to listen to these same people now when REAL environmental issues need addressing - water and air quality, habitat and species protection, clean energy, and water conservation to name a few. Al Gore and a few other fat cats got rich, and in the end it is the environment itself that will pay the price for this nonsense. It makes me angry.
ReplyDelete"...who is going to listen to these same people now when REAL environmental issues need addressing - water and air quality, habitat and species protection, clean energy, and water conservation to name a few."
ReplyDeleteIndeed.
None of that matters to the alarmmists, whose ultimate goals have absolutely nothing to do with preserving the environment and everything to do with their political, social, and economic agendas.