Location: Pantego, Texas, United States

Sunday, November 09, 2008

A lot of the people who brought about the sub-prime loan fiasco have a new scam. This time it the carbon cap and trade system being pushed by Al Gore and Maurice Strong. The system has been in effect in Europe and is failing. But, it offers great opportunity for investment bank houses and other rent-seeking scammers including a lot of major corporations. Actually a lot of extreme environmentalists don't like carbon cap and trade because they recognize that it actually does little or nothing to reduce carbon emissions. George Bush would never go along with the cap and trade scam, but most Democrats including Obama seem to be on board. I expect Obama to issue regulations requiring cap and trade soon after taking office. This will be the final nail in the coffin of the US economy. Look for a deep depression followed by re-emergence of the dark ages. Here is an article describing the situation. The mainstream media are failing to investigate this situation at all.


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