Carbon dioxide is one of the 3 essential elements of life, yet some people wish to eradicate it. Go figure. But not all Gaia worshipers support cap and trade.
James Hansen, director of the NASA Goddard Institute for Space Studies and the original global warming prophet scientist says:
Cap and trade, they attempt to put a cap on different sources of carbon dioxide emissions. They say there’s a limit on how much a given industry in a country can emit. But the problem is that the emissions just go someplace else. That’s what happened after Kyoto, and that’s what would happen again, if—as long as fossil fuels are the cheapest energy, they will be burned someplace. You know, the Europeans thought they actually reduced their emissions after Kyoto, but what happened was the products that had been made in their countries began to be made in other countries, which were burning the cheapest form of fossil fuel, so the total emissions actually increased.
More from James Hansen here: World's Leading Scientist Fighting Against Global Warming is Opposed to Cap And Trade
Re-thinking the World's Largest New Derivatives Market
In particular, it raises concerns about "subprime carbon," risky carbon credits based on unsuccessful offset projects (projects designed to sequester or reduce greenhouse gases).
Subprime carbon credits may ultimately fail to reduce greenhouse gases and, like subprime mortgages, could collapse in value, yet they are already being securitized and resold in secondary markets. The report recommends that lawmakers include carbon trading in current debates about financial reform, and warns against hastily creating carbon markets without proper oversight.
Cap-and-Trade's Unlikely Critics: Its Creators
In the 1960s, a University of Wisconsin graduate student named Thomas Crocker came up with a novel solution for environmental problems: cap emissions of pollutants and then let firms trade permits that allow them to pollute within those limits.
Now legislation using cap-and-trade to limit greenhouse gases is working its way through Congress and could become the law of the land. But Mr. Crocker and other pioneers of the concept are doubtful about its chances of success. They aren't abandoning efforts to curb emissions. But they are tiptoeing away from an idea they devised decades ago, doubting it can work on the grand scale now envisioned.
"I'm skeptical that cap-and-trade is the most effective way to go about regulating carbon," says Mr. Crocker, 73 years old, a retired economist in Centennial, Wyo.
Obviously the above quoted people (and there's more) have a different opinion concerning global warming than I or my readers do, but seeing that our 2 opposing sides agree that cap and trade is a bad idea should tell everyone one thing. Cap and trade is a scam!
Carbon Trading is a Scam
A big red flag is that our bailout buddies over at Goldman Sachs, JP Morgan, Morgan Stanley, Citigroup and the other Wall Street pirates are buying heavily into carbon trading.
Since these firms contributed so heavily to Obama's campaign, they will exert enormous pressure on Obama to push a huge carbon trading program.
We now know the evidence for global warming is fake, and that even environmentalists agree carbon trading is a scam. So what are our Washington Overlords up to? Why the rush to pass sweeping legislation that will only result in economic devastation while enriching (already bailed-out at taxpayer expense) bankers who wish to trade air?
"The common enemy of humanity is man. In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. All these dangers are caused by human intervention, and it is only through changed attitudes and behavior that they can be overcome. The real enemy then, is humanity itself." - Club of Rome
Current members of the Club of Rome include, Al Gore, Maurice Strong, Mikhail Gorbachev, Kofi Annan, David Rockefeller, Bill Clinton, Jimmy Carter, Ted Turner, George Soros, Tony Blair, Desmond Tutu, and Henry Kissinger.
Hmmmm ... David Rockefeller ... Nope, there's no "conspiracy" here.
Just because David Rockefeller, one of the wealthiest, most powerful men in the world is involved with every group attempting to destroy the United States, doesn't mean he's a bad guy. C'mon ... he's a Republican!
For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as "internationalists" and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that's the charge, I stand guilty, and I am proud of it. - David Rockefeller, Memoirs, p. 401
Nope. Nothing to see here.
[...] I am all for a cleaner planet and trying to reduce pollution, but all this green talk about how carbon emissions is killing the planet is not proven science. The Classic Liberal has a good post on the other side of the Global Warming hysteria. [...]