THE UNTOLD STORY BEHIND THE CAP & TRADE SCAM:
Cap and Trade is a corruption scandal that is bigger than any other in the history of the United States. It could explain the 'why' behind the Climategate scandal that broke last year – a scandal that was largely ignored by the American mainstream media. Not only are several former Goldman Sachs executives working inside Obama's Administration, but also, the banking giant has a 10% stake in Cap and Trade technology via the Chicago Climate Exchange (CCX), an entity that then Senator Obama helped form while a Board member of the Joyce Foundation.
Cap and Trade is being sold as a means for reducing carbon emissions and other greenhouse gases to levels 80% below those of 1990. The system would put a Cap on the amount of emissions allowed by a given entity in increments of carbon credits. If a company used up their credits, they could "purchase" more credits from another entity that had credits available. The exchange (or "Trade") of these credits would be brokered through the CCX. The CCX would receive a fee for every credit purchased as well as every credit sold. Those already in the game stand to reap a fortune on the backs of average Americans who will see their energy bills, in the words of President Obama, "necessarily skyrocket."
Equally troubling is the blatant acknowledgement by those involved in this high stakes green rush that power and profit are the only real benefits to be had. As Joel Rogers explains: "I hope you all realize that you could eliminate every power plant in America today and you can stop every car in America. Take out the entire power generation sector and you still would not be anywhere near 80 percent below 1990 levels. You would be closer to around 60 percent... it would be around 68 percent and this is with bringing the economy to a complete halt… basically."
The odds of all these connections between all of these entities, tying each back to a $10 Trillion scam, are far too long to be strictly coincidence. The climate-trading scheme being stitched together here will do more damage than Goldman Sachs, AIG, and Fannie Mae combined. Nevertheless, it will bring great power and riches to its architects.
Here are the players and their roles:
– A group founded in 1948 that took a sharp turn to the left after its founder, Beatrice Joyce Kean, died in 1972.
– An exchange dealing exclusively with Cap and Trade style carbon credit trades. Its formation was largely due to Obama's role as Board member of the Joyce Foundation. Obama oversaw the funneling of money from that foundation to the CCX, as well as to an entity headed by John Ayers. (John’s brother, William, was the co-founder of the Weather Underground, a radical anti-government organization that, among other things, attempted to blow up Federal buildings, including the Pentagon.)
– One time Board member of the Joyce Foundation. While Senator, was largely responsible for creating the CCX by financing it with money funneled from the Joyce Foundation.
– Senior advisor to President Obama and current Board member of the Joyce Foundation.
– Founder of London-based Generation Investment Management (GIM).
Generation Investment Management (GIM)
- owns 10% of the CCX.
– Banking giant that also owns 10% of the CCX and the recipient of billions of taxpayer dollars from the TARP bailout.
Also worthy of note is that at least six former Goldman Sachs executives work inside the Obama Administration.
Meanwhile, Congress puts on a dog and pony show publicly chastising other Goldman execs about their supposed complicity in the financial crisis.
– Former head of Fannie Mae. While there, Raines used taxpayer dollars from Fannie Mae to purchase Cap and Trade technology. Raines profited handsomely to the tune of some $92 million by buying and bundling bad mortgages that led to the collapse of the American economy. His interest in climate trading is curious until one realizes Cap and Trade would make housing costlier as well.
– Co-founder of the Weather Underground and co-founder of the Apollo Alliance.
– an influential left-wing environmentalist group that helped write President Obama’s Stimulus legislation, the recipient of $60 Billion in Stimulus funds, and co-author of Obama’s Health Care legislation.
– Self-proclaimed Communist, former White House Green Czar, and former Board member of the Apollo Alliance.
- "The Wizard" behind the curtain, the brains behind the money funnel that will become a progressive crime syndicate once a mandatory Cap and Trade machine is turned on.
Emerald Cities Collaborative (ECC)
- Another recipient of Joyce Foundation funding, ECC was founded by Richard Sandor in December 2009. The ECC includes unions, labor groups, community organizations, social justice activists, development intermediaries, and touts "research and opportunities for fit and affordable housing." The Joyce Foundation funneled money toward the establishment of ECC for the enlistment of "technical assistance providers, socially responsible businesses, and elected officials" - all with the mission of "rapidly greening America’s cities."
The environmental impact of Cap and Trade will be so minimal that it will essentially be immeasurable.
Many Western European nations adopted the carbon-trading scheme in 2005. The results have been dismal as evidenced by increased energy costs (often doubling them), an overall increase, rather than decrease in emissions, substantial job losses, and overwhelming fraud and abuse within the system.
Cap and Trade has nothing whatsoever to do with saving the environment. It has everything to do with the personal enrichment and empowerment of a select group of political elites; a massive government power-grab; and a thorough fleecing of the American citizenry.
CAP & TRADE LEGISLATION MUST BE STOPPED!!
Comment by Gordon Ray Kissinger on June 16, 2010 at 4:13pm
Comment by Darlene Littlejohn on June 16, 2010 at 2:54pm
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