BOR must have been reading my FR post from last month when I pegged it. The least he could do is give me a little credit..........here is what I wrote in the middle of last month after watching the President of UBS America on CNBC...................................................................................................................
While watching CNBC this morning the whole cap and tax scheme crystalized in my mind. They had a guest host there from UBS and the he was espousing the Messiah’s economic plans. he went into the whole green jobs thing, and then two Congressmen came on. The one anti tax and kill Congressmam pointed out how ludicrous the UBS bankers arguments about green jobs was. Like the Spanish study just out from their ‘green economy’ showing for every green job created, two regular ones are lost. Also that it took subsidies of 750K per job to create each job.
The whole time the UBS guy on split screen just sat there and smiled, his smile getting bigger the longer the Congressman spoke. The UBS guy knows what the MSM and most americans do not, and this came to me like a bolt of lightning as I watched the UBS guy smile.
Cap and Trade is the replacement for Subprime and securitized mortgages, 50 to 1 leverage the banks used the last 10 years, etc. Without a housing bubble, the only way the bankers can continue to make money at our expense is cap and trade. Why? BECAUSE THEY WILL BE RUNNING THE MARKET FOR CARBON OFFSETS!!! The UBS’s, Goldman Sachs, etc of the world will game the system the same way they made liar loans, 110% mortgages, etc.
Cap and Tax is the bankers next big thing, and the main reason Enron went down and the Jeff Skilling and Andy Fastows of the world were hauled off to jail was cap and tax, not manipulating the energy prices.
Kenny Lay, Skilling and company actually met with Clinton in the White House to start this ball rolling. Once the bankers found out about this, they had to stop them by any means necessary to keep the pot of gold for themselves.
The smile on the UBS bankers face was like the cat who caught the canary, he can taste the money they will make by selling nothing but air. No cost, 100% profit. To the corrupt bankers, it does not get better than that.
“...selling nothing but air...”
I like that, and it is so true. A lot of people are going to make a fortune off of the misery the warming fraud is going to cause. I keep thinking that the warming fraud could never get the traction it has, if it were only the ranting of environmentalists kooks. It’s all about transferring the wealth of the energy market to socialist elites and governments, and with the wealth comes control. It’s about the creation of an elitist oligarchy to rule over the world’s serfs.