Globaloney - A Multi-Trillion Dollar Profit Scam Hatched by Banksters

After central banking, the 2nd biggest fraud ever perpetrated upon humanity is the globaloney fraud. The planet is cooking; we are all going to fry. Sorry, the planet is cooling, we are all going to freeze to death because the planet is frying. Go figure! Then global warming and global cooling were simply replaced with climate change. Well, weather does happen and always has. To be sure, there is nothing static about the weather and nearly 100% of our climate is attributable to factors outside of human control, like the sun.

Australia just imposed a whopper of a carbon tax that will significantly hurt businesses and allow energy prices to rise to levels so high that energy will in fact become un-affordable for the poor and middle class. The carbon tax is quite naturally very unpopular and the Australian government is threatening to criminalize the free speech of anybody who speaks out against it.

Australians Face Huge Fines For Speaking Ill Of New Carbon Tax

These days, whenever a new tax to confiscate the wealth of ordinary citizens is concocted, it's always instigated by banksters and thieving governments who share in the proceeds of the heist.

What’s really important for Americans to inhale on the Cap and Trade monster is that every time the government and Banksters get together it’s all about profits for Wall Street and tax revenues for the government and that's precisely how cap and trade carbon taxes work in every nation on the planet.

In 2009, the House Democrats passed the Clean Energy and Security Act of 2009 but thankfully it died in the Senate. What's really important to understand is how the bill was sold and who would benefit. Even the Corbett Report chirped in.

Banksters Love Cap-and-Trade

The sweeping new bill which just passed the House last Friday, the Clean Energy and Security Act of 2009, is ostensibly about climate change, but it is in fact a bill of staggering economic ramifications that is going to accelerate the takeover of the economy by the well-placed financiers who have already plundered the Treasury and the Fed of $12+ trillion and counting. It was rushed through the House in the tradition of such nightmarish legislation as the Patriot Act and the banker bailout of last October: hundreds of pages were added to it at the last minute and it was humanly impossible for anyone to have read it before they voted on it....

In effect, this bill creates an entirely new commodity that is guaranteed to generate ever-increasing profit for those who have already spent millions preparing to get in on the ground floor. Here's a hint: that does not include your average mom and pop investor or your dual-income family struggling to make ends meet in a crashing economy. Here's another hint: it does include financial juggernauts like Goldman Sachs who have been investing in solar, wind, and biofuels for years and now just happen to find themselves in the perfect position to start reaping vast profits from their headstart in the new carbon credit economy (and you thought Paulson was into going green for any other reason than making green?). It also includes Obama, who was instrumental in helping set up the Chicago Climate Exchange for his political cronies like Al Gore, who already has a company which he uses to buy carbon credits from himself and who had made multi-million dollar investments in companies developing carbon tracking software that will be essential to the new carbon-swindle economy.

Why on earth would the Democrats become the willing pawns of Wall Street and its vast crime syndicate?  Tax revenue of course.  The WSJ clarifies this point.

White House Official Boosts Cap and Trade Revenue Estimate

A top White House economic adviser told Senate staff a proposed cap and trade system could raise "two-to-three times" the administration's existing $646 billion revenue estimate, according to five people at the meeting.

This could mean the cap and trade system could actually generate between roughly $1.3 trillion and $1.9 trillion between fiscal years 2012 and 2019.

Jason Furman, deputy director of the National Economic Council, offered the estimate at a Feb. 26 meeting on Capitol Hill with a bipartisan group of staffers, most of whom are attached to the Senate Finance Committee, according to five Senate aides who attended the meeting. They spoke on condition they wouldn't be identified by name.

But besides government revenues and the willingness of the Democrats to rape and plunder the poor and middle class, the Cap and Trade carbon profits for Wall Street are immense. The financial bloggers went nuts over Cap and Trade for various reasons, from salivating over the trillions in profits to the sheer horror of it all. Astute folks on the right and left also saw Cap and Trade as a fraud so evil that dubbing it Armageddon was not an understatement. Just about everybody in America with only half a functioning brain cell can implicitly grasp that Cap and Trade was never anything more than a Bankster scheme to rake in, not millions not billions, but TRILLONS!

Townhall.com (website of the conservative Heritage Foundation) reported that Cap and Trade profits might be a $2 trillion market, here.

The regulatory scheme would place federal caps on carbon emissions, and could lead to the creation of the largest commodity market in the world. A commissioner of the Commodities Futures Trading Commission estimated that, "even with conservative assumptions, this could be a $2 trillion futures market in relatively short order." That would make the carbon market potentially bigger than futures markets of oil and natural gas.

However, the $2 trillion estimate might be low and a financial blog believes the carbon trading market could be a $10 trillion dollar market. The website Investors.com posted an article on 4/28/10 titled The $10 Trillion Climate Fraud that said:

Sandor estimates that climate trading could be "a $10 trillion dollar market." It could very well be, if cap-and-trade measures like Waxman-Markey and Kerry-Boxer are signed into law, making energy prices skyrocket, and as companies buy and sell permits to emit those six "greenhouse" gases.

$2 trillion? $10 trillion? The one thing that everyone agrees on is that trillions will be made by Wall Street on the Cap and Trade carbon trading schemes and that government will get its share of the plunder. The poor and the middle class will be royally stiffed as usual if America ever imposes Cap and Trade carbon taxes.

While the WSJ tends to be Wall Street's Huckster-in-Chief, even the WSJ was so appalled by this Cap and Trade monster and it devoted considerable ink to blasting it, here.

House Speaker Nancy Pelosi has put cap-and-trade legislation on a forced march through the House…Despite House Energy and Commerce Chairman Henry Waxman's many payoffs to Members, rural and Blue Dog Democrats remain wary of voting for a bill that will impose crushing costs on their home-district businesses and consumers…..When the Heritage Foundation did its analysis of Waxman-Markey, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy $161 billion in 2020, which is $1,870 for a family of four. As the bill's restrictions kick in, that number rises to $6,800 for a family of four by 2035…..Even as Democrats have promised that this cap-and-trade legislation won't pinch wallets, behind the scenes they've acknowledged the energy price tsunami that is coming.

Gosh, it sounds like the Dems who voted for Cap and Trade are admitting that it’s an absolute horror that is destined to bring on an “energy price tsunami”. Then the WSJ went on to quote a taxpayer organization in Britain, where Cap and Trade has been in effect for several years, and stated that in Britain Cap and Trade has thus far cost the average family $1,300 a year in green taxes. “Green taxes” is just a code word for financially raping the folks for the benefit of the elites, the politicos, the Banksters and the insatiably “hungry for money” Al Gore types.

But in America the Cap and Trade gang doesn't even need Congress.  Our criminal government is such an unaccountable shadow crime syndicate that what it can't get passed through the front door of Congress, it gets implemented through the back door of government agencies.  The EPA apparently is imposing Cap and Trade anyway.

EPA imposes Obama's cap and trade regs- energy prices 'skyrocket'

Sen. Inhofe: EPA Trying to Impose Cap and Trade All Over the World

America, a nation of the people, by the people and for the people? No way. America is a nation of the banksters, by the banksters and for the banksters.