http://www.rollye.net/BlogArchivesCapTrade709.html
The Money behind cap and trade.
Rather long piece, but worthwhile....
excerpt...
Fox: A ten trillion dollar market, for emissions trading?
Sandor: “We are also trading in the United States—its very important for the listener to understand that this is not a market of tomorrow: it’s a market of yesterday and today. In August, we began trading the Regional Greenhouse Gas Initiative, which is a mandatory carbon market that stretches from Maine to Maryland. And since January, we’ve been trading 440,000 tons a day, 743, 16 a day—
Fox: Explain, how does this market get created in the first place? Is this government created in terms of credits, or is this an association where the actual amount of carbon emissions is traded in contracts?
Sandor: No. The way it works is, the government sets a cap. Let’s say you’re a utility, and the cap is 1 million tons. And each year, you have to reduce by a certain amount, to 900,000 to 800,000 to 700,000. If you’re particularly good at it, and you have a 1 million base, and a requirement to go to 900,000, but you go to 500,000, you can sell those. Suppose I’m not so good because I can’t switch easily from coal to natural gas. It takes me three years to build a new technology, then I can buy your emissions, and the systemic emissions will be lower, but you as the low-cost driver, can allow me to buy your credits temporarily to hedge myself. So its mandated by the government. The emissions are capped. The cap goes down every year. And then those people who get below their cap are incentivized to do so, because they can sell them to people who can’t put the technology in very quickly
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Can the Joyce Foundation produce records on how they spent tax-exempt money? Oh, nevermind. The IRS, SEC, FBI, Congressman Issa and the GAO can find out (/snix).
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REFERENCE: the IRS has targeted "foundations" as the locus classic for money laundering and tax evasion. The biggest foundation fraud is one tax-exempt writing checks to another tax-exempt---the way these crooks siphon off tax-free money for themselves......... and perhaps for politicans like Obaba.
Common tax-exempt insider transactions involve:
(1) loans, the (2) sale, (3) exchange or (4) leasing of property to non-profit officers and others;
Falsified reporting of "excess benefit transactions" and executive pay on the official Form 990.
And infamous tax-exempt scheme siphoned off mmillions through fraudulent accounting entries for “administrative fees” and for “maintenance fees” that were paid to phantom recipients, then illegally converted, and laundered.
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L/E should scrutinize this foundation, and might consider:
(a) conspiracy to defraud the IRS, and evade US banking laws,
(b) international money laundering,
(c) conspiracy to commit money laundering, and,
(d) aiding and abetting the preparation of false federal/state income tax returns.
Authorities might examine the tax-exempt's receipts to falsely verify bogus charitable contributions (kickbacks) and multiple conspiracies and transfers of funds as part of a money-laundering conspiracy.
Audits might show off-the-books bank accounts that were accessed solely by insiders, and that tax-exempt funds were used in various illegal schemes that might have integrated:
(1) money laundering,
(2) tax evasion (stolen money is taxable),
(3) violations of US banking and currency laws,
(4) conspiracy to commit wire fraud,
(5) commercial bribery in various financial schemes,
(6) establishing secret offshore bank accounts outside the purview of the IRS and US banking laws,
(7) fraudulent and casual accounting practices,
(8) non-existent financial oversight,
(9) having a hidden financial interest in companies doing business with SPLC,
(10) putting phantom employees on the payroll (money laundering).
Graver violations, in connection with fraudulent uses of tax-exempt monies for personal and political purposes that might include: felony charges for first-degree tampering with public records, first-degree offering a false instrument for filing, fourth-degree grand larceny, first-degree falsifying of business records, defrauding the government, and colluding with publicly-funded agencies to conduct illegal activities by engaging in the facilitation of illegal conversions and currency frauds.
Falsifying tax-exempt records for the purposes of money-laundering, offering false instruments for filing, and engaging in mail and computer fraud, illegal structuring of cash transactions and collusion in multiple