Carbon trading: Sell a product you don’t have and can’t deliver to a buyer who doesn’t want it.

That is the very definition of easy money, yet the NZ Government has proposed that process and legalised it in what they call the “Emissions Trading Scheme.” Though they created it to “fight climate change” they now openly admit it will have no effect upon the climate. But, persuading us to agree to something on grounds later admitted to be false is the definition of fraud. And, since they claim to be “fighting climate change” while admitting the climate will be unaffected, they reveal a distinct denial.

So, regrettably, our Government is controlled by fraudsters and climate deniers.

Since the Government knows about the climate through the climate specialists in NIWA, is NIWA’s scientific advice also controlled by fraudsters and climate deniers? Since the climate specialists in NIWA are also the climate specialists in the NZ Royal Society, is the Royal Society, too, controlled by fraudsters and climate deniers?

The following quotes are from a NZ Herald article, The Carbon Detectives, published Dec 20, 2010.

Bart Chilton, a commissioner at the US Commodity Futures Trading Commission, says if the US creates a nationwide cap-and-trade market, carbon could become the world’s most widely traded commodity.

But it’s a “commodity” in fiction, not truth. The commodity of “carbon” is unlike oil, pork bellies or platinum. You don’t possess the commodity you sell, it’s impossible to deliver and anyway the buyer has no reason to receive it.

Such a contract is witless, created only to extract money from the unwitting. If you’re awake, you might become rich, but at the expense of your fellow citizens, who don’t really get a poor bargain: they get no bargain, for the price of everything connected with “carbon” emissions rises and they must pay the increase or go without. There is no benefit.

In a society where getting to work needs a few litres of petrol and keeping the house liveable in winter needs a few kilowatts of electricity, going without is not an option.

Gregg Marland, a staff scientist at the US Department of Energy’s Oak Ridge National Laboratory, says, “If you’re selling oil, you’re actually transferring something tangible. If somebody lies, somebody loses,” he says. “In a CO2 transaction, you can lie and both win.” The seller gets paid, and the buyer has his credit for compliance. “We’re going to create a situation where both sides can win by cheating,” Marland says.

The consequence of this spectacular foolishness cannot be a reduction in atmospheric levels of CO2. Not that that’s a tragedy, because nobody cares and the climate won’t notice. But the money it’s costing us to not reduce CO2 is perfectly scandalous!

The only precedent for such willing self-delusion lies in the Dutch tulip bulb craze, the South Sea Company bubble and the original 1920 Ponzi scheme.

Wake up, my people!

Visits: 55