The carbon trading system being pushed here has spawned crime and fraud across the pond. Cap-and-trade is not about saving the planet. It's about money and power, and absolute power corrupting absolutely.
We’ve written much about the organized crime syndicate that is the Obama regime. It’s bad enough that Obama is a radical Marxist, hell bent on the destruction of society as we know it, the fact that he is also a money and power hungry crook is just icing on cake.
In what we call The Greatest Swindle In Human History ©, we lay out what we feel is a prima facie case of corruption and greed the likes of which this world has never known. We are talking about a criminal enterprise, based on a cruel hoax, that can make the perpetrators as much as $10 TRILLION ($10,000,000,000,000) annually [gross].
As one commenter put it: "This is a scam, based on a sham, wrapped in corruption. The community organizer way!"
You can read our extensive take on this here.
Doug at The Patriot’s Flag has done yeomen’s work in researching all of this as well. You can read all of his great works here.
What this boils down to is a conspiracy to defraud that includes Barack Obama, his boss...George Soros, Al Gore, Maurice Strong, disgraced Fannie Mae chair Franklin Raines, terrorist William Ayers’ brother, the Joyce Foundation, the Chicago Climate Exchange, Goldman Sachs, several labor unions, and who knows how many smaller bit players. As Joe Biden would say: "This is a big f-ing deal!"
The troubling thing about all of this is, instead of investigating, and arresting all of these absolute crooks on charges of organized crime and racketeering, Marxist elements in our Congress are planning to introduce legislation THIS WEEK, to put make this scam the law of the land!
Carbon trading is the biggest nonsensical idea since the Pet Rock. The only difference is folks who purchased the Pet Rock actually got something of value, something they could hold in their hand that had at least some value as entertainment.
Carbon credits are literally nothing. There is absolutely no value to them, nor do they solve any problem. They create nothing, except great wealth for those who seek to traffic in them. Global warming is a proven hoax, and frankly, with all of damage people like Al Gore have caused: Millions of jobs lost, unnecessary deaths due to ignorant and ill-advised policies, and just the general mayhem and misery they have caused, there should be long prison sentences and public floggings in their future. These people are evil.
However, just for fun, lets pretend that global warming is real. What would trading carbon do for it? How would buying carbon credits from one person, and then selling them to another, make any difference whatsoever? The short answer is, it wouldn’t. You would still have the same amounts of carbon in the air, the same amount of pollution. The only thing effected in how much lighter your wallet is about to be, and how much heavier Crime Inc.’s will be!
Here’s how this scam will work. Everyone will be assigned "carbon credits" based on whatever the government decides. This of course, is a worldwide scheme. People (businesses and countries) who actually produce things,... commodities,... and of course JOBS, will not have enough of these credits to function.
On the other hand, countries that do not produce, will have all the "credits" one could need.
Now, there has to be a way for those countries that have all of these "credits" to sell them to People who actually contribute to society, who produce things like products, and JOBS. This is where Obama and Crime Inc. Come in. By now you know Obama was key in setting up the Chicago Climate Exchange as the mechanism for selling these bogus carbon credits. $100's of millions have already been invested in this scheme, in hopes of making $10's of TRILLIONS.
The way Obama and his crime syndicate will get rich beyond anyone’s wildest dreams is simple. When a non-producing entity wants to sell a "credit" they will have to do that on the Chicago Climate Exchange. Along the same lines, when a productive member of society needs a "credit" in order to remain a productive member of society, they will have to purchase this "credit" through the Chicago Climate Exchange. Of course, Obama and Crime Inc. will make commissions from both the seller and the buyer. It’s a beautiful scam!
Look, a few years back when these reprobates started this activity, it was a menace. But now we have one of the conspirators, sitting in the Oval Office, with the ability to sign into law legislation that will actually make this criminal enterprise a reality.
As this will effect the price of pretty much every thing you buy. You can expect the cost just to survive to be unsustainable. Obama has actually bragged that under his plan energy prices would "necessarily sky rocket." This is "necessary" so that Obama and the rest of his criminal enterprise can become wealthy!
If this outrageous scheme is allowed to become reality it’s over. As pretty much everything we do needs energy, and pretty much every business will be effected by the carbon credit trading scam, absolutely every product we buy will cost more, a lot more. Energy prices, already out of control due to inept government policies, will double, and possibly triple. So will the price of everything else. Even the most basics like food, clothing, and shelter will be priced out of reach for many. Right down to the last morsel of bread.
Investor’s Business Daily has more on this. Europe already has a carbon trading scheme and corruption is out of control:
Europe's Carbon Mafia, And Ours
Corruption:
The carbon trading system being pushed here has spawned crime and fraud across the pond. Cap-and-trade is not about saving the planet. It's about money and power, and absolute power corrupting absolutely.
All across Europe authorities have been conducting raids, rounding up individuals involved in a new version of Climate-gate. This time the data aren't corrupted. Europe's Emissions Trading System is. The system is so sick, it's turned out to be a scam built upon a scam.
Twenty-five people have been arrested in raids by British and German authorities as part of a pan-European crackdown on carbon credit VAT tax fraud.
U.K. officials announced raids on 81 offices and homes, nabbing 13 people in England and eight in Scotland. The operation involved 450 investigators from Her Majesty's Revenue and Customs office.
German authorities raided 230 locations, including the headquarters of Deutsche Bank in Frankfurt and the offices of RWE, one of the largest energy firms in Europe. The German operation involved 1,000 investigators targeting 50 companies and 150 suspects.
The amount of money involved in carbon trading is huge and the temptations vast. While our Congress demagogues about banks and their "complex financial instruments," they are simple compared to cap-and-trade, which as we have noted involves essentially the buying and selling of air. Throw in an oppressive value-added tax and you have a recipe for corruption and fraud.
Last December, Europol, the European criminal intelligence agency, announced that Emissions Trading System fraud had resulted in about 5 billion euros in lost revenues as Europe's carbon traders schemed to avoid paying Europe's VAT and pocket the difference. In announcing the raids, the agency said that as much as 90% of Europe's carbon trades were the result of fraudulent activity.
"Carbon markets are highly susceptible to fraud, given their complexity and the fact that it's not always clear what is being traded," says Oscar Reyes of Carbon Trade Watch.
Climate change has been found to be a fraud. Now the system to fight it has been. Yet it's that system the administration and others want to establish here through cap-and-trade legislation such as Waxman-Markey and Kerry-Boxer.
As we also have noted, the mechanism for such phantom carbon trading here has already been established in the form of the Chicago Climate Exchange. The Joyce Foundation in 2000 and 2001 provided the seed money to start CCX when Barack Obama sat on its board.
CCX founder Richard Sandor estimates the climate trading market could be "a $10 trillion dollar market." It is an invitation to fraud that would make Europe's ETS scandal seem like petty theft.
In 2000, according to Joyce Foundation records, $347,600 was allocated to Northwestern University's Kellogg Graduate School of Management, where Sandor was a research professor, "to design a Midwestern pilot program for the voluntary trading of carbon dioxide and other emissions that cause climate change."
Now President Obama would make such carbon trading mandatory, limit total emissions and make carbon as valuable a commodity as booze during Prohibition.
The Joyce Foundation's two grants totaled just over $1 million. CCX has proved very lucrative for Sandor, whose 8 million shares in the exchange has grown to more than $260 million even before a national cap-and-trade system like Europe's is established.
Al Gore, who recently increased his carbon footprint by spending $8.9 million on an oceanview villa near Santa Barbara, Calif., sitting on 1.5 acres with a swimming pool, spa, fountains, five bedrooms, nine bathrooms and no fewer than six fireplaces, is co-founder of Generation Investment Management LLP, the fifth largest shareholder in CCX.
The largest shareholder is, uh, Goldman Sachs. Other CCX founders include former Goldman Sachs partner David Blood, as well as Mark Ferguson and Peter Harris, also of Goldman Sachs. Presumably they know a lot about playing shell games with other people's money.
What has happened in Europe is going to happen here and may already have begun. We, too, can save the earth for fun and profit.
For Obama and his minions this scam, and the upcoming legislation that will force it upon the world, will serve several purposes. First it will feed Obama’s communist heart as this will be the greatest re-distribution of wealth in history. Rich nations, nations that produce, will be forced, under the threat of law, to pay tribute to non-producers...just for the privilege of producing and being valuable members of society.
Of course, along the way, a large portion of this wealth re-distribution will finds it’s way into the pockets of Obama and his cohorts. Tens of TRILLIONS of dollars will find their way into Crime Inc.’s pockets!
As a bonus, this scheme will destroy the American economy, collapsing it, which will also make Obama and the other anti-American Marxists happy. This will give Obama a chance for Government to come in and take total control of your lives, to "help you." He can then build the communist Utopia his parents and grandparents often spoke of.
This is dangerous to no end folks. We are only days away from the introduction of a bill that will make this nightmare a reality. If you don’t think Obama and Congress won’t use every trick in the book to shove this down America’s throat, then you weren’t paying attention with ObamaCare! That was simply a test to see if they could pull it off. Cap and trade legislation is the Holy Grail, the Golden Goose. With tens of TRILLIONS of dollars on the line, a fortune beyond the wildest of fantasy about to be realized, you can bet that this bunch will do absolutely anything to make this a reality!
It is the Responsibility of the Patriot to protect his Country from it’s government.
~Thomas Paine
What can you do?
Take action. Let members of Congress know that even an attempt at this will have dire consequences for them. You can also organize, protest and DEMAND this entire set up be investigated and all of those involved, including Obama, Gore, Soros, and the rest, be prosecuted to the fullest extent of the law. Prison is too good for them, but sadly, that’s all we got.
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