Skip to comments.
Cap-and-Trade Treason
Canada Free Press ^
| 25 April 2010
| Alan Caruba
Posted on 04/25/2010 2:23:17 PM PDT by K-oneTexas
If you thought that the way the Obama administration and its cohort of Democrats in Congress rammed through the takeover of the nations healthcare system was appalling, prepare to watch the same process applied to Cap-and-Trade. Your government no longer represents you, the voter, the citizen.
Cap-and-Trade is an act of betrayal because it will destroy the U.S. economy, destroy jobs, and further impoverish Americans in a variety of ways.
It is the perfect storm. It is treason.
(Excerpt) Read more at canadafreepress.com ...
TOPICS:
KEYWORDS:
To: K-oneTexas
It is a scam that will make Oil for Food look like penny ante.
2
posted on
04/25/2010 2:27:31 PM PDT
by
marron
To: K-oneTexas
Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select
individuals in the "green" movement were inventing a patented system to trade residential carbon credits.
Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 --
the day after Democrats took control of Congress. Former Sen. John Sununu, R-N.H.,
criticized the award at the time, pointing out that it had "nothing to do with Fannie Mae's charter, nothing to do with making mortgages more affordable."
"It wasn't about mortgages. It was about greenbacks. The patent, which Fannie Mae confirmed it still owns with Cantor Fitzgerald subsidiary CO2e.com, gives the mortgage giant a lock on the fledgling carbon trading market, thus also giving it a major financial stake in the success of cap-and-trade legislation."
Here comes the next bubble -- carbon trading
Forget CDOs and other inventions of the great credit bubble. Thats all old hat.
Investment bankers are moving on to an area of securities trading that is potentially even
more lucrative, and whats more, even has a social value saving the planet.
.According to Mr Schapiro, carbon trading is now the fastest growing commodities
market on earth. Since Kyoto signatories bought in to the cap and trade concept in 2005,
there have been more than $300bn carbon transactions, prompting several investment
banks, including Goldman Sachs and Barclays, to set up their own carbon trading desks.
But thats just the start. If President Obama and his supporters can institute a cap-and-
trade system in the United States and thats a big if for this increasingly marooned
presidency demand could explode into a $2 to $3 trillion market.
And heres the great thing about it. Unlike traditional commodities markets, which will
eventually involve delivery to someone in physical form, the carbon market is based on
lack of delivery of an invisible substance to no-one. Since the market revolves around
creating carbon credits, or finding carbon reduction projects whose benefits can then be
sold to those with a surplus of emissions, it is entirely intangible.
Carbon developers, many of them employed by large multinationals, travel the world
in search of carbon reduction projects to sell, while firms of carbon accountants have been
established to verify on the United Nations behalf that those reductions are real.
The whole thing, though well intentioned, looks wide open to abuse and scams.
3
posted on
04/25/2010 2:30:31 PM PDT
by
Diogenesis
(Article IV - Section 4 - The United States Â… shall protect each of them against Invasion)
To: Diogenesis
4
posted on
04/25/2010 2:33:38 PM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: Diogenesis
It all sounds like Enron Creative Accounting 101.
5
posted on
04/25/2010 2:39:04 PM PDT
by
K-oneTexas
(I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
To: K-oneTexas; Amagi; rdl6989; Tunehead54; Clive; Little Bill; tubebender; marvlus; IrishCatholic; ...
6
posted on
04/25/2010 2:49:24 PM PDT
by
steelyourfaith
(Warmists as "traffic light" apocalyptics: "Greens too yellow to admit they're really Reds."-Monckton)
To: K-oneTexas
It is treason that is based on a hoax, and ALL of our politicians know this.
7
posted on
04/25/2010 2:52:32 PM PDT
by
abclily
To: cripplecreek
Well, since they’re selling carbon credits to save trees, I was thinking of selling corn credits to save the corn.
8
posted on
04/25/2010 2:55:57 PM PDT
by
abclily
To: abclily
Yeah they know very well that its crap.
Richard Sandor, known as the father of the carbon market had this to say...
Once you price CO2 and put a price on it, you find, as you would with any other product, it tends to be rationed. We as a people on this planet have lived under the false concept that air and water were free. And weve learned with a planet of 7 billion people, that we have to ration these precious goods. And the good old price system is the best way to do it.
You get your money for nuthin and your chicks for free
9
posted on
04/25/2010 2:58:53 PM PDT
by
cripplecreek
(Remember the River Raisin! (look it up))
To: K-oneTexas
ALL Congressmen who voted for Cap & Trade MUST be REMOVED.
They are either Traitors or simply too stupid to hold public office. NO EXCEPTION!
Here is the list:
Updated Congressional Vote Score Card>
http://www.freerepublic.com/focus/f-bloggers/2406579/posts
Then, after exhausting the list of those who consistently voted Yes (yellow highlight), we need to go after those who gave aid to the enemy within.
Treason is the only word that describes what they have done.
10
posted on
04/25/2010 3:01:09 PM PDT
by
Texas Fossil
(Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
To: K-oneTexas
A hoax wrapped in a scam folded into a commie takeover.
11
posted on
04/25/2010 3:32:12 PM PDT
by
JPG
(Mr. Gore, we have a warrant for your arrest...put your hands behind your back.)
To: Diogenesis
"Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select individuals in the "green" movement were inventing a patented system to trade residential carbon credits. Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 -- the day after Democrats took control of Congress."
I hadn't heard about Fannie Frank's cap-and-tax scam to monopolize residential trading! I know big-Al is scheming to control the global commercial markets.
Think of the residential $ and trade volume, as well as the accumulation of private household data, the ability to monetize the data (knowing what brand / type of appliances everyone uses, when, how long, etc.), and the ability to control all electronic household activities (he's surfing Free Republic or watching Fox News - time for a blackout)...!
There's a big push for "smart" residential meters. It's all being tied together with very granular management control. I think "going green" means eliminating reliance on external energy sources.
12
posted on
04/25/2010 3:43:45 PM PDT
by
uncommonsense
(Conservatives believe what they see; Liberals see what they believe.)
To: K-oneTexas
13
posted on
04/25/2010 4:18:04 PM PDT
by
ExTexasRedhead
(Clean the RAT/RINO Sewer in 2010 and 2012)
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson