Black People : Global Warming is Real, but the Globalists riding the ish at Copenhagen for Chedda$$

Discussion in 'Black People Open Forum' started by Ankhur, Dec 8, 2009.

  1. Ankhur

    Ankhur Well-Known Member MEMBER

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    Global warming is a irrefutable fact of science, verified by various devestation and harm to Mother Earth, unrelated to cosmic influence or solar flares, but due to corporate excess and an addiction to fossil fuels and refusal to use, Free Energy Technologies that the heads of the G 20 anmd thier military are well aware of.
    Rather then unilataraly comply with the Kyoto accord, these slick factory emmissions pimps, devized a way to get you and I to pay for their air polluting excesses with a global carbon tax.A tax to be paid to who??????????????
     
  2. Ankhur

    Ankhur Well-Known Member MEMBER

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    Copenhagen’s Hidden Agenda: The Multibillion Trade in Carbon Derivatives
    Text size
    Washington’s Blog
    December 8, 2009

    As I have previously shown, speculative derivatives (especially credit default swaps) are a primary cause of the economic crisis.

    And I have pointed out that (1) the giant banks will make a killing on carbon trading, (2) while the leading scientist crusading against global warming says it won’t work, and (3) there is a very high probability of massive fraud and insider trading in the carbon trading markets.

    Now, Bloomberg notes that the carbon trading scheme will be centered around derivatives:

    The banks are preparing to do with carbon what they’ve done before: design and market derivatives contracts that will help client companies hedge their price risk over the long term. They’re also ready to sell carbon-related financial products to outside investors.

    [Blythe] Masters says banks must be allowed to lead the way if a mandatory carbon-trading system is going to help save the planet at the lowest possible cost. And derivatives related to carbon must be part of the mix, she says. Derivatives are securities whose value is derived from the value of an underlying commodity — in this case, CO2 and other greenhouse gases…

    Who is Blythe Masters?

    She is the JP Morgan employee who invented credit default swaps, and is now heading JPM’s carbon trading efforts. As Bloomberg notes (this and all remaining quotes are from the above-linked Bloomberg article):

    Masters, 40, oversees the New York bank’s environmental businesses as the firm’s global head of commodities…

    As a young London banker in the early 1990s, Masters was part of JPMorgan’s team developing ideas for transferring risk to third parties. She went on to manage credit risk for JPMorgan’s investment bank.

    Among the credit derivatives that grew from the bank’s early efforts was the credit-default swap.


    A d v e r t i s e m e n t

    Some in congress are fighting against carbon derivatives:

    “People are going to be cutting up carbon futures, and we’ll be in trouble,” says Maria Cantwell, a Democratic senator from Washington state. “You can’t stay ahead of the next tool they’re going to create.”

    Cantwell, 51, proposed in November that U.S. state governments be given the right to ban unregulated financial products. “The derivatives market has done so much damage to our economy and is nothing more than a very-high-stakes casino — except that casinos have to abide by regulations,” she wrote in a press release…
     
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