Still clinging to the smoke & mirrors of Obama’s hope & change?
You won’t be much longer…
In case you haven’t caught on to how Obama’s stimulus plan and Al Gore’s “Green Agenda” is going to work, it’s going to work much like the bank bailout plan worked.
We gave nearly $800 billion dollars of our money to Treasury Secretary Hank Paulson, who told us he was going to do one thing, and then did another. Instead of buying up bad mortgages, Hank Paulson just handed our money over to the banks.
And what did the banks do?
Did they reinvest that taxpayer money back into the community to create jobs?
Did they use our money stimulate the economy and consumer spending by making new loans?
No, they did the opposite.
They turned around and hiked interest rates on our credit cards, gouged us with junk fees, and cut off credit to both consumers and small business.
Now let’s take a look at Obama’s Stimulus plan and tell me if you see any similarities.
Here’s a couple of examples of how Obama’s Stimulus plan and the Green Agenda of Cap & Trade are going to work.
Let’s start with this…
Here’s an announcement of a stimulus spending plan from President Obama.
http://www.reuters.com/article/newsOne/idUSTRE59Q1AC20091027
WASHINGTON (Reuters) - President Barack Obama on Tuesday will announce $3.4 billion in government grants to help build a “smart” electric grid that will save consumers money on their utility bills, reduce blackouts and carry power supplies generated by solar and wind energy, the White House said.
Now let me give you three examples of how they’re actually spending your money, along with proof of more lies and deception coming from our government, on how the Stimulus Plan and the Green Agenda of Cap & Trade are really going to work.
http://www.wsbt.com/news/local/66819962.html
Whirlpool to get $19.3 million in stimulus funds for “smart” appliance development.
By WSBT 24/7 News
Oct 28, 2009During a Florida speech Tuesday, President Barack Obama announced $3.4 billion in government support for 100 projects aimed at modernizing the nation’s power grid.
And more than $19.3 million is coming to Benton Harbor-based Whirlpool for the development of “smart” appliances that will work more efficiently in tandem with those upgraded power grids.
Whirlpool Corporation was named as a grant recipient for appliance projects that will allow customers to reduce costs and peak electricity demand, through scheduled or deferred energy use, according to the U.S. Department of Energy.
Hmmm? Sounds good so far doesn’t it? The Whirlpool Corporation is being given your taxpayer dollars so it can build “smart appliances” to work more efficiently in tandem with the new upgraded power grid that’s going to be built.
But, who’s going to build those new “smart grid” appliances? New Jobs for America as Mr. Obama promised, or banker bailout deja vu all over again?
How ’bout some banker bailout deja vu…
http://www.indianaeconomicdigest.net/main.asp?SectionID=31&SubSectionID=132&ArticleID=49671
“Whirlpool will close Evansville plant in 2010 and move 1100 production jobs to Mexico.”
Evansville’s Whirlpool factory, which has employed several generations of Tri-Staters and once gave backing to the city’s claim as “Refrigerator Capital of the World,” will close next year, leaving at least 1,100 people unemployed as production moves to Mexico.
Hmmm? Fat Cat multi-national corporation Whirlpool is given $19.3 million of your dollars, so it can close it’s appliance plant in Evansville, Indiana and move those jobs to Mexico.
Okay, that’s just one example, maybe it’s just a one-off, unique exception.
Think again…
In President Obama’s press release above about stimulus spending, he talks about all the jobs going to be created in the solar industry. If that’s so, why did General Electric just close down it’s only U.S. solar panel manufacturing facility in Vice President Joe Biden’s home state of Delaware?
http://money.cnn.com/news/newsfeeds/articles/djf500/200911060915DOWJONESDJONLINE000459_FORTUNE5.htm
NEW YORK -(Dow Jones)- “General Electric Co. (GE) plans to shut down its only solar-panel manufacturing facility, as it found that prices for panels fell below production costs, Clean Technology Insight has learned.
“On October 23 we announced the restructuring of our solar business to employees and our intent to close the Newark [Del.] facility,” said Milissa Rocker, spokeswoman for the company, in an interview.
GE’s production facility is a victim of a rapidly evolving solar market, where older U.S. plants are shutting down, reducing production, or outsourcing abroad…”
Outsourcing abroad…
Can you say NAFTA & GATT deja vu all over again?
I knew you could.
But what about wind? They can’t be outsourcing jobs for wind power can they?
Oh, Yes,we can…
“Senator Charles E. Schumer, the New York Democrat, is calling on the Obama administration to block the use of stimulus funds for a utility-scale wind farm in West Texas that would make use of turbines manufactured largely in China.
As Green Inc. reported last week, the $1.5 billion wind venture — announced by a coalition of American and Chinese companies — was planning to seek $450 million from funds set aside in the economic stimulus package for clean-energy development. “
They were going to get $450 million of your taxpayer dollars to create jobs in China.
How about we all bend over and grab our ankles and say:
Thank You Mr. Obama, may I have another!
And wait, because it get’s even better…
President Obama in his speech announcing $3.4 billion in government grants [funny how they call giving away our money to big business - government grants] said that this stimulus spending would not only create new American jobs, but would “save consumers money on their utility bills.”
Are your ready for the biggest inconvenient truth of them all ?
Not only is the Green Agenda about lowering America’s carbon footprint by de-industrializing the country, and outsourcing more jobs than NAFTA & GATT every thought about doing… it’s going to make your utility bills skyrocket.
But wait, when the President announced giving away $3.4 billion dollars of your stimulus money to fat cat utilities and mutli-national corporations, didn’t he say it was to quote: “save you money on your utility bills”?
Well here’s what’s really going to happen to your utility bills under Obama’s Cap & Trade bill…
“Under my plan of a cap and trade system, electric rates would necessarily skyrocket.”
Your utility bills are going to “skyrocket.”
Bill Clinton told us it depended on what our definition of “is” is… I guess under President Obama, it depends on what our definition of “save money” is?
It’s called telling the noble lie. And both Al Gore and Barack H. Obama are masters at it. To them lying to the public is acceptable, if it’s for the greater good (as they perceive it). And in this case, the green agenda is more important than American jobs.
Here’s an international research paper in which President Obama acknowledges that in Europe, the green agenda has cost 2.2 existing jobs, for every 1 new green job it’s created. He also makes the point that industry needs to be subsidized, as the green agenda in most cases, is also unprofitable as well [ie: GE closing it's only US solar panel plant.]
“The Noble Lie: 2.2 Existing Jobs Lost For Every 1 Green Job Created”
http://www.juandemariana.org/pdf/090327-employment-public-aid-renewable.pdf
The following are key points from the study:
1. As President Obama correctly remarked, Spain provides a reference for the establishment of government aid to renewable energy. No other country has given such broad support to the construction and production of electricity through renewable sources. The arguments for Spain’s and Europe’s “green jobs” schemes are the same arguments now made in the U.S., principally that massive public support would produce large numbers of green jobs. The question that this paper answers is “at what price?”
2. Optimistically treating European Commission partially funded data1, we find that for every renewable energy job that the State manages to finance, Spain’s experience cited by President Obama as a model reveals with high confidence, by two different methods, that the U.S. should expect a loss of at least 2.2 jobs on average, or about 9 jobs lost for every 4 created, to which we have to add those jobs that non-subsidized investments with the same resources would have created.
And how about making America energy independent? That was supposed to be a big part of Obama’s stimulus spending plan, right? The stimulus bill was supposed to be about jobs, about jump starting the US economy, and about American energy independence.
Well here’s yet another incidence of US taxpayer’s money used in the stimulus bill, and instead of the money going to create jobs in America, or to stimulate the American economy, it instead went to foreign countries and into companies in which Obama political insiders like George Soros, and fat cat bankers like the Rothschild group, were heavily pre-invested in…
How about $1 billion dollars of American taxpayer dollars going to a Brazilian GM plant?
http://www.laht.com/article.asp?CategoryId=12396&ArticleId=320909
Latin American Herald Tribune
February 1, 2009SAO PAULO — General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to “complete the renovation of the line of products up to 2012.”
And instead of creating American energy independence, how about giving Brazilian oil company Petrobras, $10 billion in US taxpayer loan guarantees? And what a coincidence, the man who kicked off the fund raising for Barack Obama’s Presidential campaign, and the man who funds Move On.org, as well as ACORN, STORM, and the APOLLO group through his his TIDES foundation, is one of the largest shareholders of Petrobras!
http://www.drudge.com/news/124299/us-loans-brazil-10-bill-drill-baby-drill
Can you say quid pro quo?
I knew you could.
But wait, it get’s even better.
Obama political insider, George Soros not only upped his stake in Petrobras right before the stimulus funding was announced, he dumped it after Petrobras got the money and the stock popped.
So simple, even a inside trading Caveman could do it…
Here he buys low…
http://www.marketwatch.com/story/soros-reports-735-increase-petrobras-stake
“Soros reports 73.5% increase in Petrobras stake”
Feb. 17, 2009, 9:20 p.m. EST
“Billionaire investor George Soros on Tuesday reported that during the fourth quarter he increased his already considerable stakes in Brazilian state-controlled oil company Petroleo Brasileiro S.A.”
And thanks to Mr. Obama, here he sells high, after the stock doubled…
http://www.bloomberg.com/apps/news?pid=20601087&sid=a.V5sgGzdsQY
Aug. 14 (Bloomberg) — Billionaire George Soros cut his stake in his biggest holding, Petroleo Brasileiro SA, in the second quarter while buying more shares of other energy producers.
His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras,
It sure pays, and pays well, to be a friend and political supporter of Barack Obama, now doesn’t it?
On my forum at Silicon Investor, I’m often called a “conspiracy theorist” by the pseudo-intelligentsia (emphasis on pseudo) for saying that the Green Agenda and Cap & Trade are trojan horse vehicles for rolling America into global governance, and that the US economy is going to be taken down by design.
To be honest, I’ve cracked no great global conspiracy, because conspiracies by definition are hidden, and secret. And this, for the most part, is being done out in the open and in broad daylight.
Without getting into the agenda of global governance (I’ll do that in a forthcoming post), let’s address the oldest agenda in the world, money and profit. And let me introduce yet another inconvenient truth, this one about Mr. Inconvenient Truth himself, Al Gore…

“The Real Inconvenient Truth — PROFIT!”
When trying to find the truth, I’ve always been a believer in “following the money.” So let’s follow the money behind Cap & Trade… and find out who profits?
First, let’s examine the trading of carbon credits under Cap & Trade and trace who will actually profit from that trade. Let’s start with North America’s only carbon exchange, The Chicago Climate Exchange.
“Al Gore, Goldman Sach’s, UN insider Maurice Strong, and Barack Obama’s Chicago Cronies get monopoly on carbon trading at the Chicao Climate Exchange
http://www.canadafreepress.com/index.php/article/9629
It’s good to know that the truth will always come out—even when you’re Barack Obama.
“Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress” is a FOXNews story by Ed Barnes. In short, “While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.”
The charity was the Joyce Foundation on whose board of directors Obama served and which gave nearly $1.1 million in two separate grants that were “instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”
And that’s only the beginning of this tawdry tale, Mr. Barnes.
The “privately-owned” Chicago Climate Exchange is heavily influenced by Obama cohorts Al Gore and Maurice Strong.
For years now Strong and Gore have been cashing in on that lucrative cottage industry known as man-made global warming.
Strong is on the board of directors of the Chicago Climate Exchange, Wikipedia-described as “the world’s first and North America’s only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil.”
Gore, self-proclaimed Patron Saint of the Environment, buys his carbon off-sets from himself—the Generation Investment Management LLP, “an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C., of which he is both chairman and founding partner. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist, including the Chicago Climate Exchange.
Strong, the silent partner, is a man whose name often draws a blank on the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of an Oil-for-Food beleaguered Kofi Annan, the Canadian born Strong is little known in the United States. That’s because he spends most of his time in China where he he has been working to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is the big cheese in the underworld of climate change and is one of the main architects of the failing Kyoto Protocol.
Full credit for the expose on the business partnership of Strong and Gore in the cap-and-trade reduction scheme should go to the investigative acumen of the Executive Intelligence Review (EIR).
The tawdry tale of the top two global warming gurus in the business world goes all the way back to Earth Day, April 17, 1995 when the future author of “An Inconvenient Truth” travelled to Fall River, Massachusetts, to deliver a green sermon at the headquarters of Molten Metal Technology Inc. (MMTI). MMTI was a firm that proclaimed to have invented a process for recycling metals from waste. Gore praised the Molten Metal firm as a pioneer in the kind of innovative technology that can save the environment, and make money for investors at the same time.
“Gore left a few facts out of his speech that day,” wrote EIR. “First, the firm was run by Strong and a group of Gore intimates, including Peter Knight, the firm’s registered lobbyist, and Gore’s former top Senate aide.”
(Fast-forward to the present day and ask yourself why it is that every time someone picks up another Senate rock, another serpent comes slithering out).
“Second, the company had received more than $25 million in U.S. Department of Energy (DOE) research and development grants, but had failed to prove that the technology worked on a commercial scale. The company would go on to receive another $8 million in federal taxpayers’ cash, at that point, its only source of revenue.
“With Al Gore’s Earth Day as a Wall Street calling card, Molten Metal’s stock value soared to $35 a share, a range it maintained through October 1996. But along the way, DOE scientists had balked at further funding. When in March 1996, corporate officers concluded that the federal cash cow was about to run dry, they took action: Between that date and October 1996, seven corporate officers—including Maurice strong—sold off $15.3 million in personal shares in the company, at top market value. On Oct. 20, 1996—a Sunday—the company issued a press release, announcing for the first time, that DOE funding would be vastly scaled back, and reported the bad news on a conference call with stockbrokers.
“On Monday, the stock plunged by 49%, soon landing at $5 a share. By early 1997, furious stockholders had filed a class action suit against the company and its directors. Ironically, one of the class action lawyers had tangled with Maurice strong in another insider trading case, involving a Swiss company called AZL Resources, chaired by Strong, who was also a lead shareholder. The AZL case closely mirrored Molten Metal, and in the end, Strong and the other AZL partners agreed to pay $5 million to dodge a jury verdict, when eyewitness evidence surfaced of Strong’s role in scamming the value of the company stock up into the stratosphere, before selling it off.
In 1997, Strong went on to accept from Tongsun Park, who was found guilty of illegally acting as an Iraqi agent, $1 million from Saddam Hussein, which was invested in Cordex Petroleum Inc., a company he owned with his son, Fred.
These are the leaders in the Man-made Global Warming Movement, who three years later were to be funded by the man who was to become President of the United States of America.
If we follow the time line on where Obama was during the funding of the Chicago Climate Exchange, he was still a professor at the University of Chicago Law School teaching constitutional law, with his law license becoming inactive a year later in 2002.
It may be interesting to note that the Chicago Climate Exchange in spite of its hype, is a veritable rat’s nest of cronyism. The largest shareholder in the Exchange is Goldman Sachs. Chicago Mayor Richard M. Daley is its honorary chairman, The Joyce Foundation, which funded the Exchange also funded money for John Ayers’ Chicago School Initiatives. John is the brother of William Ayers.
What a flap when it was discovered that the senator from Chicago had nursed on Saul Alinsky’s milk, had his political career launched at a coffee party held by domestic terrorist Bill Ayers, and sat for 20 years, uncomplaining in front of the “God-dam-America pulpit of resentment-challenged Jeremiah Wright.
Folk were naturally outraged that the empty suit who would go on to become TOTUS was spawned from such anti-American activism.
But the media should have been hollering, “Stop Thief!” instead.
The same Chicago Climate Exchange promoting public rip-off was funded by Obama before he was POTUS.
Even as man-made global warming is being exposed as a money-generating hoax, Obama is working feverishly to push the controversial cap-and-trade carbon reduction scheme through Congress.
Obama was never the character he created for himself in the fairy-tale version in “Dreams of My Father”. He’s the agent of Change and Hope for cohorts making money down at the Chicago Climate Exchange.
The Barbarians are pushing at the gate of the Global Warming fraud, and to borrow a line from children playing Hide and Seek, Here they come, ready or not!
And in case you think this just might be a singular biased article, let me share a couple more…
“Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress.”
“In 2000 and 2001, while Barack Obama served as a board member for a Chicago-based charitable foundation, he helped to fund a pioneering carbon trading exchange that is likely to fill a critical role in the controversial cap-and-trade carbon reduction scheme that President Obama is now trying to push rapidly through Congress.
During those two years, the Joyce Foundation gave nearly $1.1 million in two separate grants that were instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”
One of those gases is carbon dioxide, the most ubiquitous greenhouse gas and the focus of the most far-reaching — and contentious — efforts to combat “climate change.” On Monday, Obama’s Environmental Protection Agency declared carbon dioxide a public health threat.
In response to questions from FOX News about Obama’s relationship to the project a White House spokesman said “the President has long believed that a market-based cap-and-trade system is the best way to reduce harmful greenhouse gas emissions and to promote our energy security. The success of the cap-and-trade approach in reducing acid rain demonstrates that providing incentives for companies to reduce their emissions is effective.”
Obama’s espousal of cap-and-trade, a system that is intended, among other things, to increase the price of fossil fuels and force their replacement by energy sources that produce less greenhouse gases, has drawn fire from many economists as a huge energy tax that will weigh heavily on an economy that is already in steep recession. The price tag has been put high as $2 trillion dollars over eight years. That figure, nearly three times higher than originally projected, was given in a White House briefing to Senate staffers last week and reported by US News and World Report and the Washington Times.”
And since no self-respecting financial swindle would be complete without the presence of Goldman Sach’s. Here’s Rolling Stone Magazine’s latest expose on Goldman Sach’s by Matt Tabbai…
“The Great American Bubble Machine”
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they’re about to do it again with the next bubble - global warming.
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine/print
Fast-forward to today. It’s early June in Washington, D.C. Barack Obama, a popular young politician whose leading private campaign donor was an investment bank called Goldman Sachs — its employees paid some $981,000 to his campaign — sits in the White House. Having seamlessly navigated the political minefield of the bailout era, Goldman is once again back to its old business, scouting out loopholes in a new government-created market with the aid of a new set of alumni occupying key government jobs.
Gone are Hank Paulson and Neel Kashkari; in their place are Treasury chief of staff Mark Patterson and CFTC chief Gary Gensler, both former Goldmanites. (Gensler was the firm’s cohead of finance.) And instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits — a booming trillion dollar market that barely even exists yet, but will if the Democratic Party that it gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an “environmental plan,” called cap-and-trade.
The new carboncredit market is a virtual repeat of the commodities-market casino that’s been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won’t even have to rig the game. It will be rigged in advance.
Here’s how it works: If the bill passes, there will be limits for coal plants, utilities, natural-gas distributors and numerous other industries on the amount of carbon emissions (a.k.a. greenhouse gases) they can produce per year. If the companies go over their allotment, they will be able to buy “allocations” or credits from other companies that have managed to produce fewer emissions. President Obama conservatively estimates that about $646 billion worth of carbon credits will be auctioned in the first seven years; one of his top economic aides speculates that the real number might be twice or even three times that amount.
The feature of this plan that has special appeal to speculators is that the “cap” on carbon will be continually lowered by the government, which means that carbon credits will become more and more scarce with each passing year. Which means that this is a brand new commodities market where the main commodity to be traded is guaranteed to rise in price over time. The volume of this new market will be upwards of a trillion dollars annually; for comparison’s sake, the annual combined revenues of all electricity suppliers in the U.S. total $320 billion.
Goldman wants this bill. The plan is (1) to get in on the ground floor of paradigmshifting legislation, (2) make sure that they’re the profitmaking slice of that paradigm and (3) make sure the slice is a big slice. Goldman started pushing hard for capandtrade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues. (One of their lobbyists at the time was none other than Patterson, now Treasury chief of staff.) Back in 2005, when Hank Paulson was chief of Goldman, he personally helped author the bank’s environmental policy, a document that contains some surprising elements for a firm that in all other areas has been consistently opposed to any sort of government regulation. Paulson’s report argued that “voluntary action alone cannot solve the climatechange problem.” A few years later, the bank’s carbon chief, Ken Newcombe, insisted that capandtrade alone won’t be enough to fix the climate problem and called for further public investments in research and development. Which is convenient, considering that Goldman made early investments in wind power (it bought a subsidiary called Horizon Wind Energy), renewable diesel (it is an investor in a firm called Changing World Technologies) and solar power (it partnered with BP Solar), exactly the kind of deals that will prosper if the government forces energy producers to use cleaner energy. As Paulson said at the time, “We’re not making those investments to lose money.”
The bank owns a 10 percent stake in the Chicago Climate Exchange, where the carbon credits will be traded. Moreover, Goldman owns a minority stake in Blue Source LLC, a Utahbased firm that sells carbon credits of the type that will be in great demand if the bill passes. Nobel Prize winner Al Gore, who is intimately involved with the planning of cap-and-trade, started up a company called Generation Investment Management with three former bigwigs from Goldman Sachs Asset Management, David Blood, Mark Ferguson and Peter Harris. Their business? Investing in carbon offsets. There’s also a $500 million Green Growth Fund set up by a Goldmanite to invest in greentech … the list goes on and on. Goldman is ahead of the headlines again, just waiting for someone to make it rain in the right spot. Will this market be bigger than the energyfutures market?
“Oh, it’ll dwarf it,” says a former staffer on the House energy committee.
Well, you might say, who cares? If cap-and-trade succeeds, won’t we all be saved from the catastrophe of global warming? Maybe — but capandtrade, as envisioned by Goldman, is really just a carbon tax structured so that private interests collect the revenues. Instead of simply imposing a fixed government levy on carbon pollution and forcing unclean energy producers to pay for the mess they make, cap-and-trade will allow a small tribe of greedy-as-hell Wall Street swine to turn yet another commodities market into a private taxcollection scheme. This is worse than the bailout: It allows the bank to seize taxpayer money before it’s even collected.
“If it’s going to be a tax, I would prefer that Washington set the tax and collect it,” says Michael Masters, the hedgefund director who spoke out against oilfutures speculation. “But we’re saying that Wall Street can set the tax, and Wall Street can collect the tax. That’s the last thing in the world I want. It’s just asinine.”
Cap-and-trade is going to happen. Or, if it doesn’t, something like it will. The moral is the same as for all the other bubbles that Goldman helped create, from 1929 to 2009. In almost every case, the very same bank that behaved recklessly for years, weighing down the system with toxic loans and predatory debt, and accomplishing nothing but massive bonuses for a few bosses, has been rewarded with mountains of virtually free money and government guarantees — while the actual victims in this mess, ordinary taxpayers, are the ones paying for it.
It’s not always easy to accept the reality of what we now routinely allow these people to get away with; there’s a kind of collective denial that kicks in when a country goes through what America has gone through lately, when a people lose as much prestige and status as we have in the past few years. You can’t really register the fact that you’re no longer a citizen of a thriving first-world democracy, that you’re no longer above getting robbed in broad daylight, because like an amputee, you can still sort of feel things that are no longer there.
But this is it. This is the world we live in now. And in this world, some of us have to play by the rules, while others get a note from the principal excusing them from homework till the end of time, plus 10 billion free dollars in a paper bag to buy lunch. It’s a gangster state, running on gangster economics, and even prices can’t be trusted anymore; there are hidden taxes in every buck you pay. And maybe we can’t stop it, but we should at least know where it’s all going.
And not only is Al Gore going to profit from the monopoly position of the Chicago Climate Exchange, he’s going to reap a windfall directly from taxpayer stimulus funding going to utility companies serviced by his private equity holdings…
“Gore’s Dual Role: Advocate and Investor”
http://www.nytimes.com/2009/11/03/business/energy-environment/03gore.html?_r=2
November 3, 2009
Gore’s Dual Role: Advocate and Investor
By JOHN M. BRODERWASHINGTON — Former Vice President Al Gore thought he had spotted a winner last year when a small California firm sought financing for an energy-saving technology from the venture capital firm where Mr. Gore is a partner.
The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient. It came to Mr. Gore’s firm, Kleiner Perkins Caufield & Byers, one of Silicon Valley’s top venture capital providers, looking for $75 million to expand its partnerships with utilities seeking to install millions of so-called smart meters in homes and businesses.
Mr. Gore and his partners decided to back the company, and in gratitude Silver Spring retained him and John Doerr, another Kleiner Perkins partner, as unpaid corporate advisers.
The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants. Of the total, more than $560 million went to utilities with which Silver Spring has contracts. Kleiner Perkins and its partners, including Mr. Gore, could recoup their investment many times over in coming years.
Silver Spring Networks is a foot soldier in the global green energy revolution Mr. Gore hopes to lead. Few people have been as vocal about the urgency of global warming and the need to reinvent the way the world produces and consumes energy. And few have put as much money behind their advocacy as Mr. Gore and are as well positioned to profit from this green transformation, if and when it comes.
Critics, mostly on the political right and among global warming skeptics, say Mr. Gore is poised to become the world’s first “carbon billionaire,” profiteering from government policies he supports that would direct billions of dollars to the business ventures he has invested in.
Representative Marsha Blackburn, Republican of Tennessee, asserted at a hearing this year that Mr. Gore stood to benefit personally from the energy and climate policies he was urging Congress to adopt.
Mr. Gore says that he is simply putting his money where his mouth is.
“Do you think there is something wrong with being active in business in this country?” Mr. Gore said. “I am proud of it. I am proud of it.”
In an e-mail message this week, he said his investment activities were consistent with his public advocacy over decades.
“I have advocated policies to promote renewable energy and accelerate reductions in global warming pollution for decades, including all of the time I was in public service,” Mr. Gore wrote. “As a private citizen, I have continued to advocate the same policies. Even though the vast majority of my business career has been in areas that do not involve renewable energy or global warming pollution reductions, I absolutely believe in investing in ways that are consistent with my values and beliefs. I encourage others to invest in the same way.”
Mr. Gore has invested a significant portion of the tens of millions of dollars he has earned since leaving government in 2001 in a broad array of environmentally friendly energy and technology business ventures, like carbon trading markets, solar cells and waterless urinals.
He has also given away millions more to finance the nonprofit he founded, the Alliance for Climate Protection, and to another group, the Climate Project, which trains people to present the slide show that was the basis of his documentary “An Inconvenient Truth.” Royalties from his new book on climate change, “Our Choice,” printed on 100 percent recycled paper, will go to the alliance, an aide said.
Other public figures, like Speaker Nancy Pelosi and Robert F. Kennedy Jr., who have vocally supported government financing of energy-saving technologies, have investments in alternative energy ventures. Some scientists and policy advocates also promote energy policies that personally enrich them.
As a private citizen, Mr. Gore does not have to disclose his income or assets, as he did in his years in Congress and the White House. When he left government in early 2001, he listed assets of less than $2 million, including homes in suburban Washington and in Tennessee.
Since then, his net worth has skyrocketed, helped by timely investments in Apple and Google, profits from books and his movie, and scores of speeches for which he can be paid more than $100,000, although he often speaks at no charge.
He is a founder of Generation Investment Management, based in London and run by David Blood, a former head of Goldman Sachs Asset Management (the firm was quickly dubbed Blood and Gore). Mr. Gore earns a partner’s salary at Kleiner Perkins. He has substantial personal finances invested at both firms, officials of the companies said.
He also serves as an adviser to high-profile technology companies including Apple and Google, relationships that have paid him handsome dividends over the last eight years.
Mr. Gore’s spokeswoman would not give a figure for his current net worth, but the scale of his wealth is evident in a single investment of $35 million in Capricorn Investment Group, a private equity fund started by his friend Jeffrey Skoll, the first president of eBay.
Ion Yadigaroglu, a co-founder of Capricorn, said that Mr. Gore does not sit on the fund’s investment committee, but obviously agrees with the partners’ strategy of putting long-term money into promising ventures in energy, technology and health care around the globe.
“Aspirationally,” said Mr. Yadigaroglu, who holds a doctorate from Stanford in astrophysics, “we’re trying to make more money than others doing the same thing and do it in a way that is superior in ethics and impacts.”
Mr. Gore has said he invested in partnerships and funds that try to identify and support companies that are advancing cutting-edge green technologies and are paving the way toward a low-carbon economy.
He has a stake in the world’s pre-eminent carbon credit trading market and in an array of companies in bio-fuels, sustainable fish farming, electric vehicles and solar power.
Capricorn holds a major stake in Falcon Waterfree Technologies, the world’s leading maker of waterless urinals. Generation has holdings in Ausra, a solar energy company based in California, and Camco, a British firm that develops carbon dioxide emissions reduction projects. Kleiner Perkins has a green ventures fund with nearly $1 billion invested in renewable energy and efficiency concerns.
Mr. Gore also has substantial interests in technology, media and biotechnology ventures that have no direct tie to his environmental advocacy, an aide said.
Mr. Gore is not a lobbyist, and he has never asked Congress or the administration for an earmark or policy decision that would directly benefit one of his investments. But he has been a tireless advocate for policies that would move the country away from the use of coal and oil, and he has begun a $300 million campaign to end the use of fossil fuels in electricity production in 10 years.
But Marc Morano, a climate change skeptic who until recently was a top aide to Senator James M. Inhofe, Republican of Oklahoma, said that what he saw as Mr. Gore’s alarmism and occasional exaggerations distorted the debate and also served his personal financial interests.
Mr. Gore has testified numerous times in support of legislation to address climate change and to revamp the nation’s energy policies.
He appeared before the House Energy and Commerce Committee in April to support an energy and climate change bill that was intended to reduce global warming emissions through a cap-and-trade program for major polluting industries.
Mr. Gore, who shared the 2007 Nobel Peace Prize for his climate advocacy, is generally received on Capitol Hill as something of an oracle, at least by Democrats.
But at the hearing in April, he was challenged by Ms. Blackburn, who echoed some of the criticism of Mr. Gore that has swirled in conservative blogs and radio talk shows. She noted that Mr. Gore is a partner at Kleiner Perkins, which has hundreds of millions of dollars invested in firms that could benefit from any legislation that limits carbon dioxide emissions.
“I believe that the transition to a green economy is good for our economy and good for all of us, and I have invested in it,” Mr. Gore said, adding that he had put “every penny” he has made from his investments into the Alliance for Climate Protection.
“And, Congresswoman,” he added, “if you believe that the reason I have been working on this issue for 30 years is because of greed, you don’t know me.”
“If you believe that the reason I have been working on this issue for 30 years is because of greed, you don’t know me.”
Sorry Al, not only do we know you, not only are we aware of your greed, but we know who positioned you as the pitchman for climate change… the Club of Rome Think Tank. And here’s what they said about the reason why “climate change” was chosen, and what the agenda really was…
“In searching for a new enemy to unite us [under global governance], we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill.”
- Club of Rome, The First Global Revolution
From The National Review September 1, 1997, By Ronald Bailey
“The concept of global governance has been fermenting for some time. In 1991, the Club of Rome Think Tank issued a report called “The First Global Revolution”, which asserted that current problems “are essentially global and cannot be solved through individual country initiatives [which] gives a greatly enhanced importance to the United Nations and other international systems.” Also in 1991 Maurice Strong claimed that the UN Rio Earth Summit, of which he was Secretary General, would play an important role in “reforming and strengthening the United Nations as the centerpiece of the emerging system of democratic global governance.” In 1995, in Our Global Neighborhood, the CGG agreed: “It is our firm conclusion that the United Nations must continue to play a central role in global governance.”
And here’s a quote from Club of Rome managing director David Rockefeller concerning global governance and the desired end of American democracy and self-determination.
“The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination [Democracy] practiced in past centuries.”
– David Rockefeller, founder of the Trilateral Commission, and Managing Director of “The Club of Rome” Think Tank, in a June, 1991 speech to the Bilderberg Conference.
And I know the whole “global governance” issue is a bit much for many to get their arms around, but for anyone who doubts the global governance agenda, please familiarize yourself with what just happened in Europe with the Lisbon Treaty.
Apathy over what was presented as a “treaty” and sold with lies, stealth, and deception, has now cost 27 nation states and half a billion people their sovereignty, their vote, and the protection of their individual courts and constitutions.
I wrote about the Lisbon Treaty in a prior post you can find here.
“The End Of Nations And The Death Of America”
America needs to familiarize itself with not only what the Lisbon Treaty is, but how it was sold, because the same methods are now being used on the United States with Cap & Trade and the Copenhagen Treaty.
I’ll dig deeper into the global governance agenda in future posts, but I also want to take a look at the issue of the “science being settled” regarding climate change.
The mainstream media in America is doing a propaganda job with the Green Agenda that would make Pravda proud. And once again, there is no dark and sinister conspiracy theory to unravel regarding the science… because the very authors of Cap & Trade and the UN’s Green Agenda are on the record, in public, for acknowledging that the science doesn’t support their agenda. The only thing the public needs to do, is stop accepting the spoon fed propaganda from the mainstream press and start doing their own research.
Here’s some public quotes from the architects of Cap & Trade and the global warming hoax…
“We need to get some broad based support, to capture the public’s imagination… So we have to offer up scary scenarios, make simplified, dramatic statements and make little mention of any doubts… Each of us has to decide what the right balance is between being effective and being honest.”
- Stephen Schneider, Stanford Professor of Climatology, lead author of many IPCC reports
“Unless we announce disasters no one will listen.”
- Sir John Houghton, first chairman of IPCC
“It doesn’t matter what is true, it only matters what people believe is true.”
- Paul Watson, co-founder of Greenpeace
“We’ve got to ride this global warming issue. Even if the theory of global warming is wrong, we will be doing the right thing in terms of economic and environmental policy.”
- Timothy Wirth, UN Foundation President
“No matter if the science of global warming is all phony, climate change provides the greatest opportunity to bring about justice and equality in the world.”
-Christine Stewart, Former Canadian Minister of the Environment
Read those quotes above from IPCC members Sir John Houghton and Timothy Wirth, because the IPCC (Intergovernmental Panel On Climate Change) which is the lead UN agency in charge of the entire climate change agenda, is now stating ‘the science is settled’ on man-made Global Warming. Their most recent set of reports declares that “the debate over the science of climate change is well and truly over. Unified international political commitment is now urgently required to take action to avoid dangerous climate change.”
The science settled?
The science is far from settled…
From www.green-agenda.com
“Many renowned climatologists strongly disagree with the IPCC’s conclusions about the cause and potential magnitude of Global Warming. More than 20,000 scientists have now signed “The Oregon Petition” which criticizes it as ‘flawed’ research and states that “any human contribution to climate change has not yet been demonstrated.” Dr Chris Landsea resigned from the IPCC because he “personally could not in good faith continue to contribute to a process that I view as both being motivated by pre-conceived agendas and being scientifically unsound.”
The IPCC claims that more than 2,500 respected scientists and policy makers collaborate to write its climate change assessments but less than a tenth of these ‘experts’ actually hold qualifications in climatology, most were in fact educated in the political and social sciences. The panel that edits and approves the reports are appointed by the United Nations, and more than half are actually UN officials. Dr Richard Lindzen, who is a genuine climate expert, resigned from the IPCC process after his contributions were completely rewritten by the panel.
“It’s not 2,500 people offering their consensus, I participated in that. Each person who is an author writes one or two pages in conjunction with someone else. They travel around the world several times a year for several years to write it and the summary for policymakers has the input of a handful of scientists, but ultimately, it is written by representatives of governments, and of environmental organizations, each pushing their own agenda.” - MIT’s Professor of Atmospheric Science Dr. Richard Lindzen on the IPCC report.
Czech President Klaus stated “It is not fair to refer to the UN panel as a group of scientists. The IPCC is not a scientific institution. It’s a political body, a sort of non-government organization of green flavour. It’s neither a forum of neutral scientists nor a balanced group of scientists. These people are politicized scientists, and UN bureaucrats, who arrive there with a one-sided opinion and a one-sided assignment.”
Asserting ‘the science is settled’ ignores the debate that still rages, and the constant shrieking by alarmists like Al Gore reveals that Global Warming is being used to push a hidden agenda. They are not really interested in the science at all. Even their much vaunted consensus is a myth. The Global Warming Petition Project has been signed by more than 31,000 American scientists, including more than 9,000 with PhDs. Signers include world renowned physicists such as Prof. Edward Teller and Prof. Freeman Dyson. Nearly 4,000 signers are scientists trained in specialties directly related to the physical environment of the Earth and the past and current phenomena that affect that environment.
The petition states: “There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gasses is causing or will, in the foreseeable future, cause catastrophic heating of the Earth’s atmosphere and disruption of the Earth’s climate. Moreover, there is substantial scientific evidence that increases in atmospheric carbon dioxide produce many beneficial effects upon the natural plant and animal environments of the Earth.”
And this isn’t the first time they’ve insisted “the science is settled”…
”There are ominous signs that the earth’s weather patterns have begun to change and cool dramatically and that these changes may portend a drastic decline in food production - with serious political implications for just about every nation on earth. The drop in food production could begin quite soon. The evidence in support of these predictions has now begun to accumulate so massively that meteorologist are hard-pressed to keep up with it.” - Newsweek, April 28, (1975)
“This cooling has already killed hundreds of thousands of people. If it continues and no strong action is taken, it will cause world famine, world chaos and world war, and this could all come about before the year 2000.” - Lowell Ponte “The Cooling” (1976)
“The continued rapid cooling of the earth since WWII is in accord with the increase in global air pollution associated with industrialization, mechanization, urbanization and exploding population.” - Reid Bryson, Global Ecology (1971)
“The battle to feed humanity is over. In the 1970s, the world will undergo famines. Hundreds of millions of people are going to starve to death in spite of any crash programs embarked upon now. Population control is the only answer.” - Prof. Paul Ehrlich - The Population Bomb (1968)
“In ten years all important animal life in the sea will be extinct. Large areas of coastline will have to be evacuated because of the stench of dead fish.” - Prof. Paul Ehrlich, Earth Day (1970)
“This cooling trend will reduce agricultural productivity for the rest of the century.” - Peter Gwynne, climatologist, Newsweek (1976)
“If present trends continue, the world will be about four degrees colder for the global mean temperature in 1990, but eleven degrees colder by the year 2000…This is about twice what it would take to put us in an ice age.” - Kenneth Watt, Earth Day (1970)
How many times are they going to try to sell us the same messianic Malthusian message?
First if was global cooling and the coming ice age.
Then it was global warming and the polar ice caps were all melting.
And now they’ve covered both bets by calling it “climate change.”
America, you’d better put down your remote control, turn off sports center and stop texting and tweeting long enough to cut through all the mainstream propaganda and understand what the Green Agenda, Cap & Trade, and the Copenhagen Treaty are all about, because what just happened to Europe with the Lisbon Treaty, is about to happen to America.
I’ll close with a presentation by Christopher Monckton, a former adviser to British Prime Minister Margaret Thatcher, on the Copenhagen Treaty and how the Green Agenda and environmental treaties are being used as a Trojan Horse to bypass the U.S. Constitution and roll America into global governance.
Please share the truth on the Green Agenda. And please contact your Senators and member of Congress, and urge them to VOTE NO on the Obama Cap & Trade bill, and to keep America out of the Copenhagen Treaty.
It’s two outs in the bottom of the 9th people…
They used the banker bailouts and the stimulus bill to loot the public wealth of the U.S. Treasury, and now they’re about to use Cap & Trade and the Green Agenda to loot America’s private wealth, your wealth.
Wake Up America, this is not a drill.
SliderOnTheBlack
5 responses so far ↓
1 jan burger // Nov 12, 2009 at 4:06 pm
I will tellyou this once more, The sun causes all climate change and don.t forget it. Now I will read this.
2 J erry Binker // Nov 13, 2009 at 8:36 am
Slider, provide a complete discourse on the potential of the mother of all carry trades - via the US dollar. You knew how the Japan carry trade played out, now how will the unwinding of the US Dollar carry trade work out?
3 SliderOnTheBlack // Nov 13, 2009 at 9:12 am
Jerry,
re: How will the dollar carry trade play out?
First, I think people asking about how it will end are a bit premature, as the single most misunderstood point about the dollar carry trade, is it’s just getting started.
Think both time and price.
The US Dollar needs to be depreciated by nearly 50% to monetize the debt. There’s only two choices, depreciate, or default.
The Fed prefers depreciation via a slow, controlled, and managed descent of the dollar.
Much of the rest of the world prefers default, as in dumping the dollar and creating a new global reserve currency, preferably a basket of currencies, including IMF SDR’s.
The final outcome?
That depends…
Will the U.S. adopt the Copenhagen Treaty and pass Cap & Trade?
Pass Obamacare?
Pass a 2nd Stimulus Bill?
Dump the Democrats in 2010?
Will the US & Israel attack Iran?
The bet for now, is a lower dollar with occasional bounces, and prop jobs via intervention. How fast, and how far, may be up to unknowable, and perhaps… uncontrollable world events.
That’s my .02 cents,
SOTB
4 J erry Binker // Nov 13, 2009 at 12:36 pm
Foreigners (and countries) are still buying treasuries (ie- US Dollars) and at the same time knowing that this asset will depreciate? Why would they do that? (since the dollar will depreciate one way or another).
5 Bob // Nov 18, 2009 at 11:37 pm
Here’s another (better) link for the Copenhagen Treaty.
http://unfccc.int/resource/docs/2009/awglca7/eng/inf02.pdf
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