You Killed Cap and Tax, AKA: Al Gore Money Train

This is too funny.

Hey folks,

Yup. YOU did it. YOU killed Cap and Tax. You derailed Al Gore's Money Train. I know, they are blaming the GOP and people telling you the truth like Fox News and Rush Limbaugh. But the truth is. YOU did it. How? You Voted the Kooks out of the House.

I'm not kidding folks. They even ACTUALLY admit it. According to Investor's Business Daily - The Crash Of The Climate Exchange Posted 11/09/2010 06:51 PM ET

Climate Fraud: As the case for global warming and cap-and-trade has collapsed, so too has the market that was to exploit this manufactured crisis for fun and profit. The climate-change bubble has burst.

Lost in the hubbub leading up to the Republican and Tea Party tsunami on Nov. 2 was the collapse of the Chicago Climate Exchange (CCX). But its implications for the future of the American economy and the business climate are staggering: It is an acknowledgment that both the case for climate trade and cap-and-tax legislation has also collapsed.

They are admitting that this was all about Power, Control, and Money. They are admitting that, as I have pointed out many times, those in charge of the whole SCAM, KNOWS it is nothing more than a SCAM.

On Oct. 21 the exchange announced it was ending carbon trading, which, as Pajamas Media's Steve Milloy points out, was "the only purpose for which it was founded." Launched as a "voluntary" method of trading "carbon credits," CCX rested on the hope that cap-and-tax legislation would make such trading mandatory — and profitable.

CCX billed itself as "North America's only cap-and-trade system for all six greenhouse gases, with global affiliates and projects worldwide." Barack Obama served on the board of the Joyce Foundation from 1994 to 2002, when it issued CCX start-up grants. Presidential adviser Valerie Jarrett also once sat on the Joyce board. As president, cap-and-trade is one of Obama's highest priorities.

The exchange's founder, Richard Sandor, says he knew Obama as far back as when the Joyce Foundation awarded money to the Kellogg Graduate School of Management, where Sandor was research professor. He estimated that climate trading could be "a $10 trillion market," which it very well might have been if cap-and-trade legislation like Waxman-Markey and Kerry-Boxer made into law. But now, in the wake of Climate-gate and other scandals, as well as recent election results, that's an unlikely event.

For his efforts, Sandor was named as one of Time magazine's "Heroes of the Planet" in 2002 and one of its "Heroes of the Environment" in 2007. Sanders eventually sold his 16.5% stake in CCX for $98.5 million, making him a hero of take-the-money-and-run.

The biggest losers are CCX's two biggest investors, Al Gore's Generation Investment Management and Goldman Sachs, that champion of sound money management that serves as the farm team for administration staffing.

Other CCX founders include former Goldman Sachs partner David Blood, as well as Mark Ferguson and Peter Harris, also of Goldman Sachs. In 2006, CCX received a big boost when another investor purchased a 10% stake on the prospect of making a great deal of money for itself. That investor was Goldman Sachs, accused of selling financial instruments it knew were doomed to fail.

A mechanism for extending carbon trading on the exchange to residences was purchased and patented by none other than Franklin Raines, who was CEO of Fannie Mae at the time. Raines profited to the tune of some $90 million by buying and bundling bad mortgages that led to the collapse of the American economy.

Yup, you read that right. From one SCAM to another. These people are all in bed together. World Governments were jumping on board because they too would stand to profit MUCH and receive Power and even more Control over their Citizen's Private Lives. But because the Kooks were thrown out of the House, and the Senate became more balanced, they KNOW that it is even more unlikely to come into being. So? It collapsed.

His interest in climate trading is curious until one realizes cap-and-trade would make housing, like energy, more costly. Cap-and-trade and carbon regulation extended down to the homeowner level would have raised the cost of homes and homeownership and made him richer that way and through his patent.

CCX's collapse was inevitable as both the enthusiasm for cap-and-trade — and the world itself — cooled. After the e-mail exchanges from the Climate Research Unit at the University of East Anglia reveled the extent to which global climate data were being manipulated to "hide the decline" in global temperatures, hopes for profiting off the scam with another scam evaporated.

Nor did the global recession create a hospitable environment for pushing another job-killing Kyoto-style agreement. People were lining up for jobs, not electric cars, and bills such as the House-passed Waxman-Markey suddenly were going nowhere. Carbon trading at CCX all but dried up as prices plunged from over $7 a ton in 2008 to just 10 cents as of August.

Like Dracula, cap-and-tax may yet rise from the grave. Anything can happen in the lame-duck session, and the EPA still conspires to regulate carbon and other emissions through the back door. Still, CCX's carbon-trading demise is reassuring evidence that eventually all houses of cards will collapse.

It will as long as THE PEOPLE keep it up. Look, I've given this example before. Lets just say it was real. Global Warming is Real, and we are killing the planet. Now lets say that all the insane projections and prediction are right. The Seas will rise, the Planet will burn, ETC. NOTHING would stop ANYONE from coming together and trying to fix it. In other word, an Asteroid is coming. The World Scientists all agree. They can point it out. They can give us a true Prediction as to where it will hit. The WORLD would come together to stop it. It would not matter how much it costs. NOTHING else would actually matter. If that Asteroid actually hits, we are all dead, nothing else would matter anyway.

But this is NOT the case with Global Warming. We just had another summit on it. Right? What did they agree on? To talk more in a year or so. Now that the Kooks are out, and it's looking an awful lot like Obama's days are numbered, the whole thing collapses. The SCAM is falling apart. Why? Because it was never real to begin with. And they KNEW it the whole time. I will be willing to be that this will go back under the Rock of which it came until it appears that the Democrats may pull off a miracle, and get back into power. Then we will start seeing more and more stories popping up again. Why else do you think that the EPA came out ON Election Day to announce they are shelving "New Ozone Standard?"

Now what we need to do is take advantage of the time we have received and make sure that we KILL this thing all together. We need to make sure that more and more of the People, get educated in the TRUTH. That this IS all a SCAM. Then we need to make sure that the Elected understand we will have none of it.
Peter

Sources:
Investor's Business Daily - The Crash Of The Climate Exchange
OPNtalk - EPA, One of Many Things, Needs To Be Reeled In