Posted on 07/03/2009 7:37:46 PM PDT by FromLori
You may not care for Matt Taiibi but I think his article is well worth reading in it he points out how Government (Goldman) Sachs wants Cap and Trade. I think it is important to know who your enemies are. In the article which is now available on line he adds one more bubble to the list: the "global warming bubble," or specifically, the proposed cap-and-trade legislation that would allow companies to trade pollution credits on an open market. Taibbi's argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.
Because emissions caps will continually be reduced, Taibbi argues, pollution credits will constantly be growing in value, and Goldman Sachs wants in on the ground floor.
Taibbi writes: "The plan is (1) to get in on the ground floor of paradigm-shifting legislation, (2) make sure that they're the profit-making slice of that paradigm and (3) make sure the slice is -- a big slice. Goldman started pushing hard for cap-and-trade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues."
The Great American Bubble Machine Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression
In Rolling Stone Issue 1082-83, Matt Taibbi takes on "the Wall Street Bubble Mafia" — investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi's piece is "an hysterical compilation of conspiracy theories" and a spokesman adding,
(Excerpt) Read more at bluelori.blogspot.com ...
Not really a startling observation. I’ve been wondering what kind of qualifications/licensing you would need to have in order to be a carbon trade broker.
You probably just need an “In” with tax cheat timmy and BO
Goldman Sachs has billions in profits and everyone else is dying. Their ex-CEOs had named the Treasury Secs for how long? I think the last non-Goldman guy was under Bush 1 and was a Dillon Read guy. I forget his name Nicholas something.
The cap & trade exchange is next to the CBOE and CME in Chicago where the crashed was engineered in the options and futures markets. When it was all blowing up - the hedge funds shorts wiped everyone else out and then went after Morgan Stanley and Goldman. They both ran to Treasury (Paulson) and the SEC and they instituted no shorting for financials. This was after Goldman and Morgan’s competitors had been wiped out and they were next.
The public is an easy swindle for all these people.
Don’t forget a few bog banks own the Fed and can go to the discount window and borrow whatever they want. Goldman is one of them.
His problem for one, is that he overstates Goldman’s uniqueness. They may be the best, but they are not alone.
Also, Goldman caused the dot com bust? I think no.
Interesting how our past three Treasury secretaries have been greens. Paul O’Neil was constantly ventilating global warming nonsense as is little Timmy, while Hank Paulson was on the board of the Nature Conservancy.
Q. Who is Maurice Strong?
A. Former business partner of Al Gore, Creator of Kyoto Accord, owns shares in Chicago Climate Exchange as does Goldman Sachs.
http://www.canadafreepress.com/index.php/article/5216
So how does UN Poster Boy Maurice Strong intend to harness America’s middleclass?
This is what Strong told a reporter back in 1990, when he was describing what he called a fantasy scenario for the World Economic Forum meeting in Davos, Switzerland—where 1,000 diplomats, CEOs and politicians gather annually “to address global issues”.
What if a small group of these world leaders were to conclude that the principal risk to the earth comes from the actions of the rich countries?…
In order to save the planet, the group decides: Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring this about?
“This group of world leaders forms a secret society to bring about an economic collapse,” Strong told the reporter in painting his so-called fantasy scenario.
“With little media monitoring, Strong and Gore are cashing in on the lucrative cottage industry known as man-made global warming.” (Canada Free Press, March 13, 2007). “Strong is on the board of directors of the Chicago Climate Exchange, described as “the world’s first and North America’s only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil.
Wow thank you !
More on Maurice Strong:
http://www.canadafreepress.com/index.php/article/3618
http://www.canadafreepress.com/maurice-strong.htm
http://www.freerepublic.com/focus/f-news/1389719/posts
Obama, Maurice Strong, Al Gore key players cashing in on Chicago Climate Exchange
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http://www.klamathbasincrisis.org/globalwarming/gorestrongobamaclimatechange033109.htm
Al Gore, Maurice Strong, Obama’s involvement in Chicago Climate Exchange—the rest of the story
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http://www.freerepublic.com/focus/news/2137505/posts
The new world devised by Maurice Strong and George Soros
Another good article from FromLori. I think you and I would not wholeheartedly agree with some parts of it, e. g. "Thanks to the rescue effort, the bank ended up getting paid in full for its bad bets: By contrast, retired auto workers awaiting the Chrysler bailout will be lucky to receive 50 cents for every dollar they are owed." That is true, but it does not mention the secured investors who were really sc***ed.
Perhaps this reveals that Taibbi hates not only Wall Street crooks, but honest investors and businesses too.
. I think you and I would not wholeheartedly agree with some parts of it,
Exactly but the reason I read all sorts of news is to find the underlying problems i.e., cap and trade and who wants it and why $$$$
Well writen article. Note the interesting comment as well.
File Links
http://theeprovocateur.blogspot.com/2009/07/george-soros-unholy-alliance-with-acorn.html
http://www.newmediajournal.us/staff/p_hollrah/2009/07082009.htm
Follow the money. Watch who benefits.
Tides Foundation
Note the interconnection of characters and interests between the the ACORN groups and the Soros groups, e.g., Wade Rathke connected to both.
http://www.activistcash.com/organization_overview.cfm/oid/225
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