The $10 Trillion Climate Fraud (Cap-And-Trade and CCX)

Investor's Business Daily ^ | 04/28/2010 | IBD Editorials

[pyx]

Cap-And-Trade: While senators froth over Goldman Sachs and derivatives, a climate trading scheme being run out of the Chicago Climate Exchange would make Bernie Madoff blush. Its trail leads to the White House.

Lost in the recent headlines was Al Gore's appearance Monday in Denver at the annual meeting of the Council of Foundations, an association of the nation's philanthropic leaders.

[pyx]

Hat's off to Glenn Beck and Fox News for shining the Light of Truth on this.

[combat_boots]

The Emerald Cities CCX thread..........

http://www.freerepublic.com/focus/f-news/2503020/posts

Have at it, pyx.

[Kimberly GG]

AMEN. And please keep them in your prayers everyone...we KNOW what they are capable of.

[Logical me]

Glen really hit them hard. And it makes sense. How do we stop that machine? The fix is in and it will take more than just praying and marching to get the job done. Even November will may be too late to stop the damage since it is so massive.

[Eric in the Ozarks]

Beck’s been pounding this for a couple of days.
It’s starting to get through to the scribbling class...

[cripplecreek]

We had a good Beck thread yesterday. He points us in the general direction and we go collecting info. Beck didn’t say much about Phil Angelides but he led us to a place where we couldn’t miss him.

http://www.freerepublic.com/focus/f-news/2503310/posts

[Marty62]

FINALLY SOMEONE IS PAYING ATTENTION. i WILL BE THE FIRST TO ADMITT I HAVE BEEN HARD ON BECK. BUT HE HAS HIT A HOME RUN WHERE THE CCX AND THE ORGANIZED CRIME INC GROUP CALLED THE CHICAGO MAFIA ARE CONCERNED.

EMERALD CITIES...SOUND FAMILIAR.. WIZARD OF OZ.
AND GLENN NAMED THE MAN BEHIND THE CURTAIN. Might surprise you.

[snowrip]

Copying and emailing to everyone I know.

Spread the word.

[Thrownatbirth]

Glen’s show yesterday just kept firing one jaw-dropper after another. Will anyone in Congress connect the dots?

[ChiMark]

To those who pooh-pooh Glenn Beck should watch his past two programs where he illustrate, on his blackboard, the details of this scam.

...meanwhile at the LSM, crickets chirp...

[BOBTHENAILER]

Pass along to all the CLIMATE FRAUD TROOPS.

[Moorka]

Interesting news about the co-founder of the Chicago Climate Exchange

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agiJLRUop9AE

[Sandor Exits Carbon Trading, Selling Climate Exchange to ICE
Share Business ExchangeTwitterFacebook| Email | Print | A A [A By Mathew Carr

April 30 (Bloomberg) — Richard Sandor agreed to sell Climate Exchange Plc to Intercontinental Exchange Inc., exiting the biggest carbon market before achieving his goal of establishing a global mechanism for curbing pollution....(more at link)]

[cripplecreek]

“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 we’ve 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.”

Richard Sandor

[USCG SimTech]

“They’ll never find out how we made the coal mine and oil rig disasters. Once we stop all energy production in th US Cap & Trade is a shoe-in. Hey Rahm, make sure those union workers get paid for those wack jobs. Then it’s trillions and CCX”

Isn’t this like that Bruce Willis movie where it APPEARED terrorists wanted a bunch of demands met when in reality is was a good old fashioned bank robbery.

[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. 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. That’s all old hat.
Investment bankers are moving on to an area of securities trading that is potentially even
more lucrative, and what’s 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 that’s just the start. If President Obama and his supporters can institute a cap-and-
trade system in the United States – and that’s a big if for this increasingly marooned
presidency – demand could explode into a $2 to $3 trillion market.

And here’s 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. “

[combat_boots]

Apollo Alliance > Joel Rogers > Angelides

http://www.muckety.com/Joel-Rogers/88389.muckety

---

Meanwhile, out in Montecito, all is well and there are wonderful houses for sale. Algore must feel right at home now: http://www.realtor.com/realestateandhomes-detail/1174-Glenview-Rd_Montecito_CA_93108_1115711014

http://p.rdcpix.com/v01/l26668042-w0m.jpg

[combat_boots]

Yippie Kay-yea..........

[Kimberly GG]

We should be seeing this, or at least one of the CCX threads, on Breaking News (News/Activism) ?

[pyx]

I also have to take my hat off to both Canada Free Press' Judi McLeod and Freeper maggief. Judi McLeod and maggief spotted the CCX and Cap-and-Trade oddities way back on Saturday September 27, 2008 with this post on Free Republic.

maggieg named names in Post #6 on that thread. Talk about being, first to the punch ! Remind me never to be anywhere around when you're throwing upper-cuts, maggief ! LOL.

For those who would like a quick catch-up or a video review of the background on CCX and Cap-and-Trade, Glenn Beck has an archive of his Fox television programs. You can watch the Glenn's archive show from April 29, 2010 to catch up.

Lastly, Glenn Beck and many others such as Rush Limbaugh make mention that, "We The People" should look into CCX and Cap-and-Trade and not rely nearly as much as we have on the mainstream media. Therefore, if its OK with others, I will be posting follow up posts on this thread on, HowTo very simply be a Citizen Journalist. As Citizen Journalists, many of us are very effective and are by-and-large quite savvy when it comes to using new media on the Internet. All it takes is, knowing how and actually following through.

[steelyourfaith]

 

Beam me to Planet Gore !