The $10 Trillion Climate Fraud

algore-pollution-money-200Cap-And-Trade: While senators froth over Goldman Sachs and derivatives, a climate trading scheme being run out of the Chicago Climate Exchange would make Bernie Madoff blush. Its trail leads to the White House.

Lost in the recent headlines was Al Gore’s appearance Monday in Denver at the annual meeting of the Council of Foundations, an association of the nation’s philanthropic leaders.

“Time’s running out (on climate change),” Gore told them. “We have to get our act together. You have a unique role in getting our act together.”

Gore was right that foundations will play a key role in keeping the climate scam alive as evidence of outright climate fraud grows, just as they were critical in the beginning when the Joyce Foundation in 2000 and 2001 provided the seed money to start the Chicago Climate Exchange. It started trading in 2003, and what it trades is, essentially, air. More specifically perhaps, hot air.

The Chicago Climate Exchange (CCX) advertises 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 the CCX startup grants were issued. As president, pushing cap-and-trade is one of his highest priorities. Now isn’t that special?

Read the rest of this story at Investors Business Daily.

17 Responses to The $10 Trillion Climate Fraud

  1. Hal Groar May 7, 2010 at 1:04 pm #

    If there is any silver lining to all of this it is that this information is out there before any cap’n’tax bill can come out of the closet. I feel this will help to raise eyebrows before any votes are cast. Although Pelosi may try to get it passed “to find out what is in the bill”. Who votes these idiots into office?

  2. paul wenum May 7, 2010 at 11:05 pm #

    Dan, A simple question. Who benefits? Gore and investors in this scam or the true American’s that don’t read the news? The reason I’m asking is that over 20 people I’ve asked have no knowledge of what is about to happen to their pocketbook in the future if Cap N Trade passes. Please enlighten us. Thanks.

  3. Hal Groar May 8, 2010 at 8:51 pm #

    I would say the American people are the losers in all this. It’s sad, they are the ones who are about to get nailed with the major share of the bill and are unaware it is even happening. I know what you mean when you say people don’t realize what is going on. I get those funny looks too, then the response “No Way! That will never happen!” Of course they said that about the Health care bill…now they find out it was true and blame big corporations for it. Amazing huh! People don’t get it. I do think they will soon though. I have told many what to look for in the cap’n’tax bill and what will happen. After the rejection phase is over with, they say they will keep an eye on it. We’ll see.

    • Rob N. Hood May 14, 2010 at 7:55 am #

      Data from the Bureau of Economic Analysis: Americans paid their lowest level of taxes last year since Harry Truman’s presidency. Which is to say — tax collection is at its lowest level since 1950.

      All income taxes, and property, sales and other taxes combined equaled 9.2 percent of all personal income in 2009. The historic rate for the last half century is 12 percent. All told, taxes paid for 2009 dropped 23%, contributing to the federal debt growing to $8.4 trillion dollars.

      Is the cause tax cuts, income declines or the continuing havens offered high income earners? A bit of all three. But one thing’s crystal clear: Reality to Tea Party people: high taxes are the very last thing we should be screaming about.

      • Neil F. AGWD/BSD May 14, 2010 at 9:16 pm #

        Well gee that couldn’t be from people spending less money could it? Oh, and collections from payroll taxes are at their highest since 1950, but you don’t mention that. Nice try, but it is misleading because you have not divulged all of the factors involved in that determination. Do a little more research.

      • John June 21, 2010 at 3:27 pm #

        Are you kidding me? You can slice teh statistics any way you want, but if you are making over $100,000 you are paying an effective tax rate of over 50%.

  4. Neil F. AGWD/BSD May 9, 2010 at 7:03 pm #

    See, this is what it’s all about. This is the heart of the AGW scam. The reason to perpetuate the lie? Butloads, and butloads of money. What a shocker!!!

    • Rob N. Hood May 14, 2010 at 11:28 am #

      Butloads? What is that, some new currency I never heard of before? (I’m pretending to be Neil now and ask an inane question to divert attention from anything remotely insightful or intelligent.)

      • Neil F. AGWD/BSD May 14, 2010 at 9:17 pm #

        Is that a little projection there Rob? Because that’s what you do, not me.

  5. Neil F. AGWD/BSD May 11, 2010 at 5:23 am #

    Here is a story that relates to this, in a way. I thought it was interesting.
    “Wind energy comes for free, but it does not follow that electricity generation using wind is also free. The hardware costs money and energy to build. The energy required for this is typically derived from fossil sources. More importantly, one needs to maintain a conventional back-up power generator capacity roughly equal to the installed wind power capacity.
    The wind may be free of charge, but it is not provided in the desired doses. Wind varies. The variations do not match the electricity demand. Because there is as yet no economically viable method to store electricity, the variations in wind generated electricity levels that do not match demand levels have to be met by adjusting the output of conventional power stations. In his recent thesis1 Ummels concludes on the basis of computer modelling studies that such adjustments can be made “without problems” even when wind would generate electricity equivalent to 33% of the Dutch demand.
    Others are less positive. We quote from the study2 ”De regelbaarheid van elektriciteitscentrales” (The adjustability of electric power stations) which was published in Dutch in April 2009:
    “Increasing the rate of reaction of the power station assembly can only be achieved by using inefficient open-cycle gas turbines or by cannibalising on the reliability and lifetime of large and efficient power stations. This means that flexibility translates into inefficiency and higher fuel consumption and CO2 emission than one can expect on the basis of average efficiency. (our note: i.e. without the additional requirements of adjusting for wind fluctuations).”

  6. Neil F. AGWD/BSD May 11, 2010 at 6:01 am #

    Here is another story that I think is very interesting.
    “Over the next 30 months, global temperatures are expected to make another dramatic drop even greater than that seen during the 2007-2008 period. As the Earth’s current El Nino dissipates, the planet will return to the long term temperature decline brought on by the Sun’s historic reduction in output, the on-going “solar hibernation.” In follow-up to the specific global temperature forecast posted in SSRC Press Release 4-2009, the SSRC advises that in order to return to the long term decline slope from the current El Nino induced high temperatures, a significant global cold weather re-direction must occur. According to SSRC Director John Casey, “The Earth typically makes adjustments in major temperature spikes within two to three years. In this case as we cool down from El Nino, we are dealing with the combined effects of this planetary thermodynamic normalization and the influence of the more powerful underlying global temperature downturn brought on by the solar hibernation.”

  7. paul wenum May 11, 2010 at 9:08 pm #

    Thanks Neil, from what I have read and observed fishing the west coast,Washington, Oregon, California etc. since the early 70’s El Nino has a hell of a lot to do with what is happening as well as El Nina. Thanks again and keep it up!! Enjoy your posts!

  8. Cubanshamoo May 18, 2010 at 4:06 am #

    I have been trying to participate again and again, but all my posts are blocked. Have a nice time guys and teach Rob as much as you can.

  9. Rob N. Hood May 21, 2010 at 3:07 pm #

    The Vast Leftwing Conspriacy wins again!! mmmmuuuuuaaaahhhhhhhaaaaaa !!!!!!!!!!!!!!!

  10. paul wenum May 25, 2010 at 10:30 pm #

    Use your spell check this is getting annoying.

  11. Rob N. Hood May 30, 2010 at 12:36 pm #

    so sorry Massah! please don’t whip me again!

  12. paul wenum June 15, 2010 at 11:45 pm #

    Man, I didn’t think you were into stuff like that. No wonder you think different than I. Now that’s Scary!

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