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Cap and Trade is a Goldman Sachs and Enron Scam

Cap and Trade is a Goldman Sachs and Enron Scam

NoWorldSystem.com
December 8, 2009

Rolling Stone’s author Matt Taibbi wrote an article about Goldman Sachs titled, “The Great American Bubble Machine“, he writes how they are about to engineer the next great bubble — the trillion dollar carbon cap and credit market.

To my surprise, Enron, one of the most corrupt gangsters besides the Goldman Sachs mafia also take part in this new carbon-credit scheme. (pay no mind to the AGW propaganda):

http://www.youtube.com/watch?v=pA6FSy6EKrM

“the first thing you need to know about Goldman Sachs is that it is everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” -Matt Taibbi

UPDATE:

When Al Gore was vice-president in 1997 he met Enron CEO Ken Lay at the White House to discuss the development of a new carbon-cap and tax scam.:

http://www.youtube.com/watch?v=sH0Ryek7rHk

Gore’s Inconvenient Truth: Enron and Goldman Sachs Crooks Created His Cap-and-Tax Scam!

Aaron Dykes
TruthNews.us
April 27, 2009

After insisting once again that there is a consensus on man-made global warming (while paradoxically comparing those not in consensus with those who deny the moon landing), Al Gore obfuscates, downplays and refuses to discuss the role that CEOs have played in crafting his Cap-and-Trade C02 trading schemes and carbon swapping systems.

Al Gore tries to put a lid in Congressional committee testimony on a little reported but vitally important subject in the global warming, carbon-tax ‘debate’– the new derivatives bubble in the emerging green-energy credit-swap market.

Gore’s body language makes clear he does not want to dwell on the issue, as he spins every point critical of the carbon-schemes’ financial structure in light of the current financial meltdown into another dire warning about the much-heralded global warming meltdown that is said to be coming.

But Rep. Scalise and others try to turn focus on the huge financial burden that will be pinned on American taxpayers and U.S. industry. Scalise claims that President Obama has already scheduled in his budget an estimated $650 billion that would be generated under the carbon taxes proposed in the bill.

The point from Rep. Scalise that is gaveled over by the chairman and stuttered-over by Gore is that many of the Congressmen are ‘concerned about turning over our energy economy over to firms like Enron and some of these Wall Street firms that wrecked out financial economy.’

Fmr. Vice President Al Gore denies that Ken Lay and other CEOs developed carbon scheme: “I didn’t know him well enough to call him ‘Kenny-boy’.”

But the point is a fair one. Gore’s founding partner in his carbon-trading / sustainability investment firm is none other than David Blood, CEO of Goldman Sachs’ asset-management division until 2003.

Gore & Blood founded Generation Investment Management, LLC in 2004– giving Gore an obvious conflict of interest in pushing a carbon tax.

Yet Gore ridicules the question: “I guess what you’re trying to say– state there is… some kind of guilt by association- is that–”

“I’m saying there are going to be big winners and big losers in this bill– big winners and big losers. Some of the big winners are some of the very financial experts that helped destroy our financial marketplace. And I think it should be noted that companies like Enron helped come up with this trading scheme that we’ve got,” Scalise notes.

Read Full Article Here

 



EPA to Bypass Congress to Regulate CO2

EPA to Bypass Congress to Regulate CO2

NoWorldSystem.com
December 8, 2009

http://www.youtube.com/watch?v=5At6a3c4eVE

The EPA declares itself the regulator of CO2 emissions, allowing itself to cut CO2 emissions without the approval of Congress, bypassing legislation that is currently stalled in the Senate.

Obama’s administration formally declared that CO2 is a dangerous pollutant and will “endanger the public health and welfare of the American people” empowering the EPA to regulate across the country under the law of the Clean Air Act that seeks emissions cut by roughly 17 percent by 2020.

The ruling was welcomed at the opening day of the talk in the Danish capital; “This is very significant in the sense that if…the Senate fails to adopt legislation (on emissions), then the administration will have the authority to regulate,” Yvo de Boer, head of the UN Climate Change Secretariat, told Reuters in Copenhagen.

But top congressional republican James Inhofe warned that EPA’s new “endangerment finding” will “lead to a wave of new regulations, new bureaucracy that will wreak havoc on the American economy and destroy millions of jobs and of course consumers to pay more for electricity and gasoline”. Many republicans are calling for the EPA to rebuke its claims that CO2 is a dangerous pollutant.

http://www.youtube.com/watch?v=81RaMybU1ug

Lisa Jackson, the EPA administrator said the move to declare CO2 a toxic pollutant “relied on decades of sound, peer-reviewed, extensively evaluated scientific data”. Jackson denied any manipulation was carried out by the ClimateGate scientists saying that there’s “nothing in the hacked emails that undermines the science upon which this decision is based”.

http://www.youtube.com/watch?v=Vj1goTq3-rk

President Barack Obama and Al Gore will be attending the Copenhagen conference late next week to further push the illusion that CO2 is a toxic gas. On the same day of the EPA’s announcement, Al Gore visited the White House.

http://www.youtube.com/watch?v=Js8stuihg4M

The Copenhagen globalists including the EPA base their entire argument on the back of the UNIPCC’s CRU scientists which are involved in one of the greatest scandals in modern science, ClimateGate which consists of; Manipulation, Deception, Suppression of Evidence, including having AGW-skeptics fired and removed from the peer-reviewed process and of course breaking FOIA requests by deleting emails and urging other scientists to do so as well. [Source]

With that in mind, EPA’s decision to call CO2 a dangerous pollutant falls flat on its face. The entire Copenhagen summit is all about creating another bubble by the same crooks that gave us the dot-com bubble and the subprime mortgage crisis; Enron and Goldman Sachs.

http://www.youtube.com/watch?v=pA6FSy6EKrM

From a massive cap-and-trade derivatives scheme, to a global carbon tax, this is all about plummeting what’s left of the U.S. economy and shutting down life on the planet by reducing CO2 in the atmosphere.

WITHOUT CO2 THERE IS NO LIFE!

“CO2 is not a pollutant. In simple terms, CO2 is plant food,” notes John R. Christy, professor of Atmospheric Sciences at the University of Alabama. “The green world we see around us would disappear if not for atmospheric CO2. These plants largely evolved at a time when the atmospheric CO2 concentration was many times what it is today. Indeed, numerous studies indicate the present biosphere is being invigorated by the human-induced rise of CO2. In and of itself, therefore, the increasing concentration of CO2 does not pose a toxic risk to the planet.”

http://www.youtube.com/watch?v=LPNiBVU2QIA

In fact, as S. Fred Singer, Professor Emeritus of Environmental Sciences at the University of Virginia has noted, an increase in CO2 would raise GNP and therefore average income. “It’s axiomatic that bureaucracies always want to expand their scope of operations. This is especially true of EPA, which is primarily a regulatory agency,” writes Singer.

The EPA is may soon be tasked with regulating life in the United States at the behest of a coterie of globalists who are keen to limit economic and industrial activity and check the growth of the herd which they despise and want to scale back to 500 million, as they have proudly announced on the Georgia Guidestones. [Source]

 

Fox News Analysis: ClimateGate, EPA Ruling, Copenhagen

http://www.youtube.com/watch?v=Lp9ABzPgC5g

 



The Elderly Need to Fear Health Care Reform

The Elderly Need to Fear ObamaCare – Coburn’s Message: ‘You’re Going To Die Soon’

http://www.youtube.com/watch?v=KuRDFeqmZNk

Obama’s Adviser Robert Reich: OLD PEOPLE MUST DIE

ObamaCare: Just Another Tax On The Middle-Class

Wall Street to Make a Killing On Early Deaths

Obamacare: ZERO compassion for the Disabled

Obama Adviser: No Health Care For The Disabled

 



Obama care’s final cloture vote passes Senate

Obama care’s final cloture vote passes Senate

The Heritage Foundation
November 21, 2009


What Reid thinks about Americans. . .

The Senate voted this evening by a 60-39 majority to commence debate on Senate Majority Leader Harry Reid’s bill that would radically expand government control over private health care decisions. The bill is over 2000 pages long, costs an estimated $2.5 trillion over the first ten years of implementation and carries a half trillion dollars in new taxes. Many Americans have to be thinking right now — they have heard from their dissenting constituents at Town Hall meetings and have seen the poll numbers for Obama’s health care bill dropping like a rock so why would they keep moving this bill forward?

This debate will center around many issues including huge taxes increases, economy-killing employer mandates and:

1. Abortion: Congressman Bart Stupak (D-MI) offered an amendment to the House bill to ban all federal funds flowing into the health care system from funding abortion. Senator Reid put language in the bill that allows some funds to go to abortion services by using an accounting gimmick. This issue could take the bill down, because the House approach is far different from the Senate approach. If this bill becomes a referendum on abortion policy, it may fail.

2. Cost: Senator Reid has promoted his bill as costing the federal government $849 billion and as a budget cutting bill. Conservatives in the Senate have pointed out that the costs are more accurately $2.5 trillion over the first 10 years of implementation because the benefits are not even scheduled to be paid out until 2014. There is a huge disparity between the two sides as to the cost of the bill and if it gets bigger and bigger on the Senate floor, then it may suffer a legislative implosion.

3. The Public Plan: Senator Joe Lieberman (D-CT) has pledged to support a filibuster of any bill containing the public option. Senator Olympia Snowe (R-ME) will only accept a public option with a trigger. Other Senators have expressed reservations about different permutations of the public option. A bill with a too strong public option may not have the support to pass the Senate.

4. Wild Card: As with all these debates, there may be an issue that comes out of the blue and becomes central to the bill. There were debates over “death panels” during initial stages of the debates and controversies over coverage for illegal immigrants. Some other issue may be offered as an amendment or may be buried in the 2000 pages of the bill that may become the next controversy to prevent passage.

The week after Thanksgiving, the Senate will start the process of considering and voting on amendments to the bill. This process may go in one of two directions. It is possible that Reid uses the amendment process to buy just enough votes to pass the bill through targeted special interest amendments. Expect Connecticut, Nebraska, Arkansas, and, yet again, Louisiana to receive special treatment in the amendment process. If Senator Reid is able to buy support during this process, the bill will pass and the President will sign Obamacare before his State of the Union.

Scenario two kicks in if opponents of the bill play hardball. If opposing Senators offer non-germane amendments, like the legislation to restore the 2nd Amendment in the District of Columbia or a resolution of disapproval for Attorney General Eric Holder’s decision to try Kahlid Sheik Mohammed in federal courts, then the Senate would be mixing some volatile issues into the health care mix. Regardless the course of action, this bill will either pass or fail as a direct result of the actions of a handful of Senators.

 

CBO: By 2019, Taxpayers Will Pay $196 Billion A Year for Obamacare, But 24 Million People Will Remain Uninsured

CNS News
November 19, 2009

Under the health care bill introduced by Senate Majority Leader Harry Reid (D-Nev.) on Wednesday, by 2019 taxpayers will be paying $196 billion per year to subsidize other people’s health insurance coverage, but there still will be 24 million uninsured people in America, according to the Congressional Budget Office and the Joint Committee on Taxation.

Reid’s proposal mandates that all individuals legally resident in the United States purchase health insurance and offers subsidies to people making up to 400 percent of the poverty level ($88,200 for a family of four) to purchase insurance as long as they buy a federally regulated and approved plan sold in a federally regulated insurance exchange.

According to an analysis published Wednesday by the CBO and JCT, this subsidy will cost taxpayers $196 billion per year by 2019 but will still leave 24 million people uninsured in America, about 8 million of whom will be illegal aliens. The estimate assumes that there would otherwise be about 55 million uninsured people in the United States.

“The gross cost of the coverage expansions, consisting of exchange subsidies, the net costs of expanded eligibility for Medicaid, and tax credits for employers: Those provisions have an estimated cost of $196 billion in 2019, and that cost is growing at about 8 percent per year toward the end of the 10-year budget window. As a rough approximation, CBO assumes continued growth at about that rate during the following decade,” says the joint CBO and JCT analysis.

“By 2019, CBO and JCT estimate, the number of nonelderly people who are uninsured would be reduced by about 31 million, leaving about 24 million nonelderly residents uninsured (about one-third of whom would be unauthorized immigrants),” says the CBO and JCT analysis.

Table 3 in the report indicates that when the health-insurance mandate and subsidy program becomes fully operational in 2014 there will be 35 million uninsured in the United States and this number will drop to 23 million by 2018 before rising back to 24 million in 2019. The report does not indicate how many uninsured people will remain after 2019, or whether the upward trend between 2018 and 2019 will continue.

Table 3 also shows that the cost to taxpayers of paying the insurance subsidies in the bill as well as the cost for increased eligibility for Medicaid and the Children’s Health Insurance Program (CHIP) instituted under the bill will dramatically escalate over the next decade.

In 2010, the year of the next congressional election, the gross cost of the subsidies is expected to be $0. In 2012, the year of the next presidential election, the gross cost of the subsidies in the bill is expected to be only $4 billion. But in 2014, the costs are expected to dramatically escalate to $48 billion for the year. From that point on, the costs increase every year, jumping to $147 billion by 2016 and then to $196 billion by 2019.

Michael Moore Slams Health Care Bill

 



Michael Moore Slams Health Care Bill

Michael Moore says Democrats’ healthcare bill is giveaway to insurance industry

Raw Story
November 18, 2009

http://www.youtube.com/watch?v=52QtplJGgzQ

In a speech broadcast on Canadian television Tuesday, Michael Moore savaged the Democrats’ healthcare bill, calling it a gift to the health insurance industry, which he argues will make $70 billion more as a result of mandated health insurance.

“The health insurance companies are going to make an extra $70 billion dollars as a result of Americans being forced to buy their health insurance,” Moore quipped. “What company wouldn’t love this bill?”

Moore argues that the health insurance industry isn’t really upset about healthcare reform. His assertions — which mirror those of some on the left — highlight the challenge that Democrats in Congress face on healthcare reform. On the left, critics say that the bill doesn’t go far enough in ensuring universal care; on the right, critics say the proposal will lead to a government takeover of healthcare.

“So all of the wailing that they’re doing about this bill — believe me, the health insurance companies are not that upset about it,” Moore said. “In fact, they helped write this bill.”

“It’s not universal health care,” he continued. “Thirteen million people will still not have health insurance in the United States.

“And the drug companies signed a deal with Obama to keep them out of it, because they agreed to reduce their prices by $8 billion in the first year of the healthcare bill,” he asserted.

17 Tax Increases in Senate Health Care Bill = $370.2 Billion

Senate bill weighs in at 2,074 pages

Health bill could get 34-hour reading in Senate

Senate bill includes the Botox tax

China questions costs of U.S. healthcare reform

 



ObamaCare: Just Another Tax On The Middle-Class

Baucus Bill Will Impose 23% Tax Rate Increase on Middle Class

TaxProf
October 14, 2009

Following up on last week’s post (80% Marginal Tax Rates After Health Care Reform), there is an op-ed in today’s Wall Street Journal by former Director of the Congressional Budget Office Douglas Holtz-Eakin, The Baucus Bill Is a Tax Bill; Middle-Class Families Would Get Hit With a Double-Digit Increase in Their Marginal Tax Rate:

Most astounding of all is what this Congress is willing to do to struggling middle-class families. The bill would impose nearly $400 billion in new taxes and fees. Nearly 90% of that burden will be shouldered by those making $200,000 or less.

It might not appear that way at first, because the dollars are collected via a 40% tax on sales by insurers of “Cadillac” policies, fees on health insurers, drug companies and device manufacturers, and an assortment of odds and ends.

But the economics are clear. These costs will be passed on to consumers by either directly raising insurance premiums, or by fueling higher health-care costs that inevitably lead to higher premiums. Consumers will pay the excise tax on high-cost plans. The Joint Committee on Taxation indicates that 87% of the burden would fall on Americans making less than $200,000, and more than half on those earning under $100,000.

Industry fees are even worse because Democrats chose to make these fees nondeductible. This means that insurance companies will have to raise premiums significantly just to break even. American families will bear a burden even greater than the $130 billion in fees that the bill intends to collect. According to my analysis, premiums will rise by as much as $200 billion over the next 10 years—and 90% will again fall on the middle class.

Senate Democrats are also erecting new barriers to middle-class ascent. A family of four making $54,000 would pay $4,800 for health insurance, with the remainder coming from subsidies. If they work harder and raise their income to $66,000, their cost of insurance rises by $2,800. In other words, earning another $12,000 raises their bill by $2,800—a marginal tax rate of 23%. Double-digit increases in effective tax rates will have detrimental effects on the incentives of millions of Americans.

 

Obamacare Means $1,700 More in Insurance Premiums for a Typical Family

Dick Morris
Townhall
October 14, 2009

Will a young, healthy, childless individual or couple buy health insurance costing 7.5 percent of their income as required by Obama’s health legislation? Not until they get sick. Then, they can always buy the insurance — and the Obama bill requires the insurance companies to give it to them. And, if the premiums come to more than 7.5 percent of their income because they are now sick, no problem. Obama will subsidize it.

Instead, young, healthy, childless people will likely opt to pay the $1,000 fine (a.k.a., slap on the wrist) mandated in the bill. After all, even if they make as little as $50,000 a year, the fine is a lot cheaper than 7.5 percent of their income (or $3,500 a year)!

So … these young households will not contribute to the coffers of any health insurance company until they are sick and need the coverage. By then, their costs will come to vastly more than their premiums.

Who will subsidize the difference? We will.

The insurance industry estimates that the bill will drive up premiums for the average family by $1,700 a year. By the time the bill takes effect in 2013, it estimates that the average annual family health insurance premiums (now $12,300) will rise to $17,200 if the Obama bill is passed, but only to $15,500 if it is defeated.

And who do you think the voters will blame for the hike in their premium? The Democrats who passed the bill.

Supporters of the bill are quick to counter that greater efficiency, etc. will hold down premiums. But they have little to answer the argument that, without higher fines, the young and healthy will not consent to pay an arm and a leg for insurance they don’t need.

Any lingering motivation to pay the premiums will disappear once the Obama bill requires insurance companies to cover them when they do, finally, limp in the door, desperately in need of insurance. Why pay now when you can always pay later? And, with a government subsidy, you gain nothing by paying for all those years when you don’t need insurance.

So Obama’s program turns out not to be one to spread insurance and thus spread the risk of costly illness, but one to make people pay 7.5 percent of their incomes once they get sick, with the government picking up their remaining premium and the health insurance customers paying for the medical expenses. Some deal!

So tote up the cost of this bill on the middle class:

— $1,700 more in insurance premiums for the average family.

— Medical devices like wheelchairs and hearing aids get taxed.

— Those who are sick must pay an average of about $600 more a year in income taxes because the bill raises the threshold for deducting medical expenses from 7.5 percent of income to 10 percent.

— A $404 billion cut in Medicare.

— Ending the subsidized Medicare Advantage insurance for costs over and above Medicare. Without Medicare Advantage, the elderly can only augment Medicare by buying Medigap coverage for which no subsidy is available and whose premiums are higher (offered, conveniently enough, by Obama’s buddies at the AARP).

— No importation of Canadian medicines and no competitive bidding to hold down prescription drug costs (Obama’s deal to get Pharma’s support and advertising dollars).

— A shortage of medical personnel and equipment as 30 million new patients are added without any expansion of the population of doctors and nurses. This shortage will make rationing inevitable, even if it shortens life expectancies among the elderly.

And, all of this assumes that the House bill, which imposes a 4.5 percent payroll tax (which will discourage new employment), does not pass — and that the cost estimates of this program prove realistic. Despite the Congressional Budget Office’s concurrence, one can’t help noticing that Massachusetts’ program was estimated to cost $200 million in 2005 and now costs $700 million!

This health care bill is, indeed, Obama’s first tax on the middle class.

http://www.youtube.com/watch?v=rL7ak__MGyw

 



ObamaCare Moves Forward

ObamaCare Moves Forward
Senate Finance Committee passes a $829 billion Baucus’ health care bill by a 14-9 vote, with the support of one Republican (Olympia Snowe R-Maine). There are many more bills health care reform has to pass before Obama signs the final bill into law.

http://www.youtube.com/watch?v=84KkFwSHAqs

 

The Truth About the Baucus Healthcare Bill

http://www.youtube.com/watch?v=Nj6GyFEA3FI

Max Baucus Placed Gag Order On Medicare Companies Concerning Cuts