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Subprime carbon is coming [Copy link] 中文

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Post time 2013-2-18 11:19:01 |Display all floors
Subprime carbon is coming


There are people out there who manufacture money from nothing. Literally. The rest of the world has to earn it, but some are in it from the start–where money is created from the ether.

                                                                                                                                                


Banking is not a secret but no one tells you how it works…it’s hard to get your head around it, but if everyone understood, some aspects would be outlawed tomorrow (just like they used to be).Greens and bankers make strange bedfellows. The bankers know where the Greens are coming from, but the Greens need to find out why bankers, “the paper aristocracy”, are so keen to save the planet. It’s an unholy alliance.

                                                                                                                                                         



This is the US Money Base graph. Base money is cash and reserves at the central bank. It’s a graph to stop you in your tracks, starting from 1918 and going up to this week. It took 90 years to grow the US money base up to about 800 billion dollars, then in four months from August 2008  it doubled. This is the parlous state of our “managed” paper currencies. Just as one fiat system collapses, some people want to set up another. In a free market economy the one price of the most important, most central item is fixed by a group of bureaucrats we don’t elect. The price of money. That’s the interest we have to pay to those who made our sovereign dollars from nothing. Carbon credits are a fiat currency, the market will have the same players and similar rules: governments decree everyone must pay tax in dollars and… trade in carbon credits. The units are worthless without government backing. It’s a “free market” but at the point of a gun. There is no box on purchases where you can opt out from sending some money to men in dark suits based in London and New York. Once we let this system in there is no easy way to back out The vested interests are already massive. Last year alone $126 billion dollars was traded in carbon markets according to the World Bank. Projections are in the trillions. Literally.It will be the largest commodity market in the world–which is all the more ironic given that there is no commodity to back it– we don’t trade carbon, we trade the right to air that could have had more carbon in it. The coulda-had-carbon-market just doesn’t have the same ring.David Evans has written up a paper that describes just what kind of Octopus we are dealing with, and it’s bigger and more insidious than almost anything you can imagine. It’s a long paper, but if you are not aware of how our currencies are created out of thin air, backed by nothing, and why the Global Financial Crisis was not a surprise to those of us watching the money supply, then stand back, hold onto your hats and take a deep breath. It’s like living in The Matrix.                                                                                                                                                                                                     
The summary:
  • Modern money is paper, manufactured by banks out of thin air. Banks make something from nothing. This is the story of the rise and abuse of that great power, a high-level view of the current financial bubble and its causes and consequences.
  • Modern money is created by debt. The growth of the bubble is tracked by the ratio of debt (money) to GDP (size of the economy). It started at its normal level of 150% in 1982. By 1987 it had reached 235%, the previous record set in 1929 on the eve of the Great Depression. By 2007 it had soared to 340%, and by mid 2009 it was 375%—nearly 20% of GDP is now spent on interest. There is now scarcely any more disposable income for taking on yet more debt. We are hitting the wall.
  • The newest game by the banks is carbon emissions trading. The plan is to manufacture emission credit certificates out of thin air, trade them between big financial companies, and compel the rest of us pay for them by producing real goods and services. The new financial slavery.
  • Carbon emission permits are the latest paper currency, brought to you by the same crowd who profited from the world’s largest financial bubble. Same structure, same modus operandi, same beneficiaries, same use of exaggerations, half-truths, and tricky government statistics.
  • Banks want carbon trading. They do not make a profit from a carbon tax, which would be fairer and simpler. Governments are not offering a carbon tax, only cap and trade. Ever wondered why?
                                                                                                                                                                                                                           

Read the full Science and Public Policy Institute original paper Manufacturing Money, and Global Warming by Dr David Evans.                                          


This is a story that has been years in the making.It’s time has come.
You can get updates of the money base (and all other monetary aggregrates) at the St Louis Federal Reserveweb site.
I wrote a shorter synopsis of carbon as a fiat currency in February.

The corruption is inevitable: Carbon casino caught with it’s pants down.                                                                                               


Tiny URL: http://tinyurl.com/jonova-sub-prime-carbon




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Post time 2013-2-18 11:49:02 |Display all floors
You are really obsessed .

Who financed your special interest group?


Studies show Koch Brothers and the same donors to tobacco industry
The same donors to Tea party
The same donors who financed the Republican extremists....

The same group of people who tried to defend the tobacco industry earlier.


So, rat.....what you a Malayan jungle rat think you are doing?



I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2013-2-18 11:53:16 |Display all floors
Carbon Credits: Another Corrupt Currency?

Summary for Policy Makers

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.

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 Columbus, 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. Is the risk worth the benefit?
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Post time 2013-2-18 12:02:28 |Display all floors


Scientists do the hard pain staking works
Rats and rats sponsors deposit their rat sh its.

That is what it is all about.


I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2013-2-18 18:52:19 |Display all floors
mention tax and regulations.......................sans souci the rat freezes up.


only recourse left.........jail time for all rats.
I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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Post time 2013-2-19 16:46:11 |Display all floors
seneca Post time: 2013-2-18 17:05
I have always suspected our weaselly Sans Souci to be a MONEY MAKER PROFITEERING AND PROFITING FROM  ...

Excerpt:

Carbon credits are a fiat currency, the market will have the same players and similar rules: governments decree everyone must pay tax in dollars and… trade in carbon credits. The units are worthless without government backing. It’s a “free market” but at the point of a gun.

FIRST NATIONS ( LAKOTA PEOPLE ) Heartbreaking - (Google Search for video) "to stay true to who you are. Never allow anyone make you different or think different about what it is you are created to be ...

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Post time 2013-2-19 17:23:16 |Display all floors

RE: Subprime carbon is coming

Excerpt:

Carbon Credits
Another Corrupt Currency?


Any new tax lets bankers, lawyers, politicians, con men and crooks slice more money from the people who are building, making, healing or teaching. The potential new renewable technologies sound great, but restoring vision to blind children only costs 27 pounds per child, so $100 million spent on a wind farm could have been used to rescue 151,000 blind children.

FIRST NATIONS ( LAKOTA PEOPLE ) Heartbreaking - (Google Search for video) "to stay true to who you are. Never allow anyone make you different or think different about what it is you are created to be ...

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