From the same people that gave you the "subprime" mortgage crisis, the so-called financial engineers and derivative geeks, comes the latest opportunity to create assets out of "thin air." This is an opportunity for the rich to become richer and the poor to, well, become poorer as they transform their hard-earned labor into increasing "big government" tax revenues and government subsidies for the wealthy.
All based on "global warming." Oops, now called "climate change" as the scientists were unsure if the earth was either warming or cooling as they prescribed exactly the same remedy: higher taxes, more government control and a suspicious financial concept involving "offset credit" trading.
Let's start with the science.
U.S. Scientist Sees New Ice Age Coming
"NASA scientist James E. Hansen, who has publicly criticized the Bush administration for dragging its feet on climate change and labeled skeptics of man-made global warming as distracting "court jesters," appears in a 1971 Washington Post article that warns of an impending ice age within 50 years."
"U.S. Scientist Sees New Ice Age Coming," blares the headline of the July 9, 1971, article, which cautions readers that the world "could be as little as 50 or 60 years away from a disastrous new ice age, a leading atmospheric scientist predicts."
"The scientist was S.I. Rasool, a colleague of Mr. Hansen's at the National Aeronautics and Space Administration. The article goes on to say that Mr. Rasool came to his chilling conclusions by resorting in part to a new computer program developed by Mr. Hansen that studied clouds above Venus."
These esteemed scientists found "no need to worry about the carbon dioxide fuel-burning fuels puts in the atmosphere.
They didn't know then -- and they do not know now...
The truth is that climate cycles are almost impossible to determine over a short time span. What is needed are good observations over hundreds and thousands of years. Since most observational techniques are flawed by dirty data, improper positioning of sensors, and bad bookkeeping, many scientists turn to computer models based on a limited number of fundamental assumptions which may or may not be based on hard science. One such example of a flawed assumption is the United Nations' belief that population growth progresses linearly (which it does not) and that everyone will live a lifestyle comparable to the energy-driven United States citizen (which they do not). This is the single most popular source for "cataclysmic" projects. The United Nations' also reports the results of several computer models, some of which produce outlandish and probably false results. By refusing to assign probabilities to these climate scenarios (stories in UN-speak) the outlandish tales are allowed to be reported in the media with an equal weight to some of the more mild projects.
Since the UN is driven by money and politics, there is no one who will stand up for any proposal that would lessen the UN's impact on the world stage. That is, who in the government is going to argue against increased government controls over their populations and collecting hefty tax revenues. Who among the mostly anti-American United Nations is going to argue against wealth distribution from the United States to less wealthy nations... or will fight the UN mandate that they or one of their commissions be allowed to exert control over a sovereign nation.
They wouldn't attempt such a feat with Russia or China -- who openly encourage any UN effort which has the potential to damage the United States economy or reduce its military might. It is our liberals and anti-America leftists who empower our enemies.
So with specious science which does not yield a result that will withstand a peer challenge and the interference of politics with science -- what is the driving factor that allows intelligent people to be co-opted into this scheme. The answer is simple: money and power!
- the governments: increased control and tax revenues;
- the media: fills countless hours and pages with pseudo-science and scenic vistas;
- the corporations: the financial engineers who will make money out of thin air and the gross polluters who will escape their ecological responsibilities; and
- the do-gooders: who can increase their donation base and the salaries of their executives while producing little more than "educational materials.
... except the people!
The people who will collectively surrender their freedoms and hard-earned income to the politicians and those already wealthy.
Amazing entry from the society gossip pages...
From the famed Page Six feature of the New York Post...
"THERE'S more to Colombia than coffee and cocaine - there's also carbon. Court TV's Ashleigh Banfield and her husband, Howard Gould, dined the other night at Megu Tribeca with Francisco Santos, the former journalist who is Colombia's vice president. Gould is one of the founders of Equator Environmental, which is in the eco-friendly business of carbon credit-trading, whereby energy consumers can ease their guilt by buying carbon oxygen-producing acreage in the Andes. But Banfield seemed more interested hearing Santos tell how he was kidnapped by Pablo Escobar and held in chains for eight months, the subject of the best seller "News of a Kidnapping."
Note the confluence of money, politics and media.
Now, let us see what Equator is all about. From Equator's website:
"EQUATOR specializes in the generation and management of high-quality carbon credits and environmental assets derived from reforestation projects, forest conservation and sustainable land management."
"EQUATOR uses state-of-the-art financial structuring techniques to create diversified revenue streams that benefit the Governments, timberland managers and local communities who are our clients and partners."
"EQUATOR advocates policies that support the development of ecosystem markets and create sustainable cash flows related to the protection and enhancement of the world’s ecosystems."
EQUATOR was founded as an independent enterprise by the same individuals that created Chatham Energy Partners, LLC; one of the most active energy derivatives groups in the USA. Two of Chatham’s principals and a forestry conservationist, joined forces with forestry experts with extensive domestic and Latin American experience, and the combined team then recruited partners with policy, NGO and international relations expertise.
EQUATOR is now an international business headquartered in New York, with operational locations in Berkeley, California and São Paulo, Brazil.
From the ATLANTA, Sept 10, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
"IntercontinentalExchange, Inc. (NYSE: ICE), the leading electronic energy marketplace and soft commodity exchange, announced that it has entered into an agreement to acquire the assets of Chatham Energy Partners, LLC ("Chatham"). The new business will be operated as a wholly owned subsidiary of ICE that will be called Chatham Energy, LLC. Chatham is a leading brokerage firm that specializes in structuring and facilitating transactions in the over-the-counter (OTC) markets for energy options. Chatham's clients include many of the world's largest commercial energy firms, utilities and financial institutions. Chatham will support the execution of ICE's strategic plans to develop the leading electronic marketplace for the execution of OTC energy options."
"We are eager to leverage our electronic platform in the vast OTC energy options markets through the acquisition of Chatham. By bringing experienced options professionals in-house, we can more effectively execute on our strategy to build our electronic options business," said ICE Chairman and Chief Executive Officer Jeffrey C. Sprecher. "Chatham's proven team will join our global OTC sales and marketing efforts as we work to bring the benefits of electronic trading, including speed, efficiency and transparency, to the OTC options markets."
While the above companies are assumed to be operating within the law, one must wonder how much havoc will be created by the creation and trading of "carbon offset credits."
Following the money...
People who can generate some form of offset credit will profit. The traders and middlemen who package and sell the credits will profit. The investors in companies associated with the creation, packaging and selling of offset credits may profit. The polluters who use offsets to "offset" their ecological responsibilities will profit. The people who live next to gross polluters will continue to die of pulmonary-related disease and forced to pay for the privilege as will all other citizens forced to pay the higher prices that represent the "offset" costs passed along by the energy, industrial and transportation corporations.
What can YOU do?
Understand the misuse of the global climate science to push political and financial initiatives. The ice age never happened in 2001 and it should come as no surprise that Al Gore's apocalyptic predictions also pass in the night.
Understand that this scheme represents the biggest wealth transfer from the poor to the rich ever attempted.
Do not support any politician or candidate who supports this scheme in order to secure their political future by pandering to the "financial engineering" special interests.
Do not allow gross polluters to mitigate their ecological responsibilities. Something not being shouted from the rooftops by such politicized green advocates such as Joe Kennedy.
You owe it to yourself, your family, your community, your state and your nation -- as well as your fellow citizens, to study the global climate change issue and separate it from the need to pursue a reckless and imprudent course of action based on barely understood scientific principles.
Do not let the bastards screw you without complaining. Vote against unregulated and un-policed international offsets which do nothing to help the environment and everything to enrich their promoters.
A reminder from OneCitizenSpeaking.com: a large improvement can result from a small change…
The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane. -- Marcus Aurelius
“Nullius in verba.”-- take nobody's word for it!
“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw
“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”
“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS "The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius “A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell “Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar “Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS
“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS
"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius
“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell
“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar
“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS