Banksters are Defrauding  Millions Through the Global Warming Hoax

This is a biggie!!

We recently featured an article exposing the great Climate Change scam, arguably the biggest and slickest con-job in history with dear old Al Gore right there at the forefront of the Global warming crusade.

Put bluntly, global warming is a lie, a large dose of fear-mongering with a money-making scam at the bottom of it.

How does the money making scam work and who are the godfathers of the Global Warming fake threat who are is running it?

Well, to explain that part of it, here is an exerpt from an excellent little ebook called “Anatomy of a Massive Con Job” which is a neat and very readable summary of the scam by John Truman Wolf. Read the excerpt (we have added some emphases in block capitals) but also read  the full ebook and watch the video in this article to bring yourself up to speed on the whole sorry affair.

You will discover as you read that behind the Climate Change agendum are our old friends (surpise surprise) the banksters. They stand to make a packet from this fraud (as if they were not making enough money from their other frauds) so expect them to stop at nothing to protect the myth of global warming and prevent the debunking it thoroughly deserves because if it comes to pass that people see through the Big Lie they have created, they stand to lose an absolute packet.- editor

Con #5: CARBON CREDITS

I know you are going to be shocked when I tell you that the bankstershave their teeth in the climate change agenda like a pit bull on crystal meth.

You have heard the mantra “the planet is a space-borne oven that is melting the polar ice caps, destroying the polar bears and turning Des Moines into beachfront property.”

The solution? Pass laws that “disincentivize” the production of carbon dioxide by taxing its use. Oh, and turn the tax into derivatives so Goldman Sachs and friends can pig out. (See the chapter “The Goldman Connection” in my e-book Crisis by Design at www.behindthewizardscurtain.com.)

The marketing folks have branded this scheme “carbon credits.”

Kyoto Protocol

The skyline of Kyoto, Japan, is dotted with many of the country’s oldest Buddhist temples. One of these ancient shrines is built on a lake. The water in the lake is so pristine that the best way to tell the real temple from the reflection is to throw a rock in the water and see which of the images ripples.

This, an introductory allegory, is to make the point that things are not always as they seem, even in the land of many Buddhas.

In 1997, an international agreement was signed in Kyoto seeking to limit greenhouse gas emissions. It was named after the host city and carries a handle better suited for a Robert Ludlum novel: The Kyoto Protocol.

The Kyoto Protocol and a subsequent agreement called the Marrakech Accords set “caps” or quotas on the maximum amount of greenhouse gas a country could emit. In turn, each country was to then assign carbon emission “caps” or quotas to its own businesses and other organizations, which are referred to as operators.

Thus, every business in every country that signed the Kyoto Protocol is supposed to have an allowance of “carbon credits.” Businesses that exceed their allowance must buy some carbon credits. These can be purchased from “green” companies that have not used their allocation of carbon, or they can be bought on a “carbon exchange.”

Let’s take, for example, a furniture factory. The factory is emitting 125 tons of carbon dioxide per year, but its allowance is 100 tons. The factory must now cut its production to bring it into alignment with its 100-ton quota, or buy 25 credits from, say, a biofuel company that is producing “carbon neutral” fuel—an entirely different view of the biofuel craze.

As the population grows, as new companies are created and existing ones expand their productivity, the use of energy (and thus carbon-based fuels and emissions) will increase. The quotas for a country, however, will actually be lowered.

Of course, as carbon quotas (or caps) are lowered, the value of carbon credits increases.

You get the picture: the rules of supply and demand will prevail and the cost of carbon credits has a built-in price increase.

Cap-and-Trade Legislation

Moreover, while the U.S. did not sign the Kyoto Protocol, and Copenhagen turned out to be little more than a cacophonous blizzard of press releases, President Obama has committed to a goal of reducing carbon dioxide emissions to 17 percent below the 2005 levels this year and reducing emissions by 80 percent by 2050.

This is exactly what the “cap-and-trade” legislation that passed the U.S. House of Representatives in June of last year mandates. That’s right, the same circus act that brought you last year’s $1.5 trillion budget deficit has passed a bill to force you to use less energy—because CO2is creating global warming.

Except, there is no global warming, temperatures have continued to cool over the last decade, and even if they hadn’t, man-made carbon dioxide has nothing to do with any kind of harmful climate change—nada, zero, zip.

Can you imagine what this kind of legislation would do to American industry and commerce?

To get the full magnitude of where this insanity is going, consider the British. The UK Secretary of State for the Environment has promised legislation there that will set legally binding lower carbon emissions of 60 percent by 2050. He has also conducted a feasibility study to issue carbon “credit cards” to every citizen under a nationwide carbon rationing system.

Under this plan everybody would get an annual allowance of carbon they could spend on products such as food, energy and travel. Individuals would have to swipe their carbon card every time they bought gas, paid a utility bill or booked an airline flight.

Go ahead, read that again. The words won’t change.

The British Parliament, which appears to be a collective mental disorder, has gone so far as to give local bureaucrats the power to enter a person’s home without a warrant to, among other things, check for refrigerators that do not carry eco-friendly energy ratings.

We have here a system literally going mad before our eyes.

Carbon emission limits, and the buying and selling of “credits” to deal with them (called Cap and Trade), are a solution created to deal with a catastrophic—though nonexistent—problem created by what is arguably the most well-orchestrated PR campaign in history.

The solution not only establishes a system of planetary economic control by setting carbon emission limits down to every business (and in the UK down to every citizen) but will make its creators and their allies rich beyond all imaginings.

On a tactical level, Cap and Trade does three things: it suppresses productivity and thus increases unemployment; it drives a biofuel agenda (for carbon credits) that is destroying the earth’s ecosystem, and, if continued, will destroy the very air we breathe; and it creates a massive new international Ponzi scheme that has the international banks orgasmic with delight.

Five “climate exchanges” have already been set up that deal in the buying and selling of carbon credits. The two larger exchanges are the Chicago Climate Exchange (CCX), which is the only U.S. firm that claims to trade carbon credits, and Europe’s European Climate Exchange (ECX), which is half owned by CCX.

There is the stock market, where stocks and bonds are traded, and a commodities market where things like gold and silver and corn, wheat and soybeans are traded. Now comet the carbon exchanges where carbon credits in the form of derivatives will be bought and sold.

And derivatives sure did a nice job for us last year, didn’t they?

In short, derivatives are essentially contracts that package up some kind of product into a financial instrument that can be traded—bought and sold. A contract for 100 ounces of gold is a derivative, because the contract isn’t the gold itself.

Banks and other entities will be buying carbon credits, packaging them up, and selling them by the trillions. This is already well in motion in Europe, where carbon offsets have been being traded since 2005.

The carbon market is projected to be in the trillions, and will be turned lose in the U.S. the moment the Senate passes a cap-and-trade bill. That bill will have to be reconciled with the House bill and sent to President Obama, who has made this legislation a key policy initiative second only to health care.

Everyone is set up and ready to go. The big banks have been investing in carbon friendly enterprises—Goldman Sachs, J.P. Morgan, Bank of America and Citigroup are some of the players. Not to be outdone, the World Bank has joined the CCX and now operates a Carbon Fund for Europe that helps countries meet their Kyoto Protocol requirements.

Isn’t that special?

Major corporations, including the large oil companies, are strong supporters of cap-and-trade legislation and are members of these carbon exchanges as well. Why would an oil company be interested in this game?

As generators of lots of CO2, oil companies will have to buy a lot of carbon credits. If the price of oil skyrockets, they make handsome profits from the oil business. However, as the price of oil rises, so, too, will the price of carbon credits. You see, as oil gets expensive, people turn to less costly coal-fired energy. Coal generates roughly twice the CO2 of oil—which means the demand for carbon credits will increase to offset the coal emissions.

So the oil company scores both ways. Profit on their oil and profit from the increase in value of their carbon credit portfolio.

You see, this is a market that is created only if governments (or international bodies with the authority to do so) mandate emissions standards. By doing so, they instantly create a carbon market because many businesses will have to buy carbon offsets.

If governments impose a limit on carbon emissions, the market will come. If not, it won’t.

The carbon markets in Europe crashed after the Copenhagen conference failed to establish legally binding emission caps for the major industrialized nations.

You see how this works?

And remember, the emission standards do not increase with population growth or increases in the number of plants or factories or their output. They are capped and are then lowered. Therefore carbon credits will continue to rise in price, as the supply will steadily decrease, driving higher demand. Escalating profits are built in if governments mandate the standards.

And standing on deck to become the first carbon billionaire is none other than . .

Albert Arnold Gore, Jr.

Read the full ebook here