It looks like an Emissions Trading Scheme (ETS) might go down with Goldman Sachs. Goldman-Sachs is the main financial power behind carbon trading...worldwide. Did Kevin Rudd and Penny Wong decide to deep-freeze their own ETS because Goldman Sachs was caught manipulating a housing subprime-mortgage-based scheme and charged with fraud? The new "no-nonsense" boss of the previously slack Security and Exchange Commission, Mary Schapiro, has started a lawsuit against them. Their GREED was legendary.
Goldman owns 10% of Al Gore's Chicago carbon exchange. Al Gore's partners in his Generation Investment Management hedge fund in London are all former Goldman Sachs executives. Then there is Liberal Party member, Malcolm Turnbull, the man who almost delivered the ETS to Australia, by cutting a deal with K. Rudd (sounds like "CRUD") without his party's support. He is Goldman Sachs' main man in Australia. David Mapley, a former executive director of the local Basis Yield Alpha Fund, said the Australian Securities & Investments Commission (ASIC) should closely examine the role of Goldman Sachs/JB Were (Australia) in marketing the mortgage-related investment product that ultimately led to the Fund's demise in August 2007. What was Malcolm doing at the time and what part, if any, did he play in the selling process that caused a lot of Australian investors to get caught out?
In "The Great American Bubble Machine" published in the July, 2009 edition of Rolling Stone magazine, author Matt Taibbi characterised Goldman Sachs as a "great vampire Creature (like in the Alien movie) wrapped around the face of humanity, relentlessly jamming its feeding funnel into anything that smells like money." Their formula is relatively simple: G-S positions itself in the middle of a speculative bubble, selling investments they know are crap. I was amazed to find out that they've been pulling this same stunt over and over since the 1920's! Now they are preparing to do it again, creating what may be the biggest and most audacious bubble yet. The new game in town is carbon credits...a groundbreaking new commodities bubble, disguised as an "environmental save-the-world plan" called cap-and-trade.
President Obama has been convinced by Gore and his fellow Eco-fascists to go along with this Cap-and-Tax idea and has stated that people can "expect energy prices to skyrocket under my cap-and-trade plan!" The huge donations by G-S to his campaign fund saw him pay-back G-S with bale-out money to save their bacon. So this new commodities-market in selling Air will be kind to G-S with a one delicious new wrinkle: If the plan gets past by Congress the price raises will be government mandated. Goldman Sachs won't even have to rig the game. It will be rigged in advance!
The way I see it.....the ETS was always going to be a scam, an attempt to create a new global derivatives bubble on a trade in thin air (carbon dioxide), to replace the bubbles in real estate, investment funds and stocks that have been imploding lately. However, due to the uprising Tea Party movement, with the white-hot rage being directed to Washington/Wall Street by a fed up public, the regulatory authorities have been forced to crack down on the fraud and deceit that characterises the entire derivatives-based financial system....and "Goldman-Sucks" has finally been caught out. If Goldman goes down, it will take down its entire worldwide derivatives scam with it. I wonder if Malcolm will be in the middle of the fall out.
Goldman owns 10% of Al Gore's Chicago carbon exchange. Al Gore's partners in his Generation Investment Management hedge fund in London are all former Goldman Sachs executives. Then there is Liberal Party member, Malcolm Turnbull, the man who almost delivered the ETS to Australia, by cutting a deal with K. Rudd (sounds like "CRUD") without his party's support. He is Goldman Sachs' main man in Australia. David Mapley, a former executive director of the local Basis Yield Alpha Fund, said the Australian Securities & Investments Commission (ASIC) should closely examine the role of Goldman Sachs/JB Were (Australia) in marketing the mortgage-related investment product that ultimately led to the Fund's demise in August 2007. What was Malcolm doing at the time and what part, if any, did he play in the selling process that caused a lot of Australian investors to get caught out?
In "The Great American Bubble Machine" published in the July, 2009 edition of Rolling Stone magazine, author Matt Taibbi characterised Goldman Sachs as a "great vampire Creature (like in the Alien movie) wrapped around the face of humanity, relentlessly jamming its feeding funnel into anything that smells like money." Their formula is relatively simple: G-S positions itself in the middle of a speculative bubble, selling investments they know are crap. I was amazed to find out that they've been pulling this same stunt over and over since the 1920's! Now they are preparing to do it again, creating what may be the biggest and most audacious bubble yet. The new game in town is carbon credits...a groundbreaking new commodities bubble, disguised as an "environmental save-the-world plan" called cap-and-trade.
President Obama has been convinced by Gore and his fellow Eco-fascists to go along with this Cap-and-Tax idea and has stated that people can "expect energy prices to skyrocket under my cap-and-trade plan!" The huge donations by G-S to his campaign fund saw him pay-back G-S with bale-out money to save their bacon. So this new commodities-market in selling Air will be kind to G-S with a one delicious new wrinkle: If the plan gets past by Congress the price raises will be government mandated. Goldman Sachs won't even have to rig the game. It will be rigged in advance!
The way I see it.....the ETS was always going to be a scam, an attempt to create a new global derivatives bubble on a trade in thin air (carbon dioxide), to replace the bubbles in real estate, investment funds and stocks that have been imploding lately. However, due to the uprising Tea Party movement, with the white-hot rage being directed to Washington/Wall Street by a fed up public, the regulatory authorities have been forced to crack down on the fraud and deceit that characterises the entire derivatives-based financial system....and "Goldman-Sucks" has finally been caught out. If Goldman goes down, it will take down its entire worldwide derivatives scam with it. I wonder if Malcolm will be in the middle of the fall out.
No comments:
Post a Comment