[[ 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.
7 posted on Friday, June 26, 2009 12:29:58 PM by milwguy ]]
[ http://www.freerepublic.com/focus/bloggers/2280038/posts?page=7#7 ]
‘he can taste the money they will make by selling nothing but air’
Creating money from thin air...
Why produce anything from manufacturing with all it’s regulations and restraints, when you can produce money for nothing, (and the chicks are free)?
Just sit back and let it roll in because even breathing will be taxed and everyone breathes...
This is spot on and needs to be screamed far and wide.
The cap and trade scam is one of the biggest ripoffs in history, and it's being perpetrated largely because corporations such as GE and GS have been set up nicely by their Washington cronies to make a killing off it should it pass.
These bloated (abeit well-connected) modern robber barons don't have a "post bubble" business plan, so now they're counting on the quisling politicians they've purchased to save their bacon by allowing them to suck massive amounts of wealth out of American families and small businesses.