Thursday, December 17, 2009

Welcome to the next massive Wall Street con game and Mother of all Bubbles, the "Cap and Trade Scheme"

The Story of Cap & Trade is a fast-paced, fact-filled look at the leading climate solution being discussed at Copenhagen and on Capitol Hill. Host Annie Leonard introduces the energy traders and Wall Street financiers at the heart of this scheme and reveals the "devils in the details" in current cap and trade proposals: free permits to big polluters, fake offsets and distraction from whats really required to tackle the climate crisis. If you've heard about Cap & Trade, but arent sure how it works (or who benefits), this is the film is for you.


Hundreds and hundreds of billions going to Wall Street each year to blow up this bubble which will, like the Internet bubble and the Housing bubble, sooner or later BURST.

And when it does, the Congress and the 'Blight House' will rush to their aid with YOUR money. Which means another economic depression, more jobs lost and the further decline of America, all to enrich and protect some of the richest fucks on the planet.

Barack Obama: "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket." (January 2008)

If "Cap and Trade" is passed into law, a lot of us will have to choose between paying the electric bill or paying your rent/mortgage.

"Welcome to the New Dark Ages, peasant"

First of all, cap and trade programs are easy to cheat. In Europe, where carbon trading has been under way since 2005, energy corporations were asked how many permits they needed and were given that amount for free. But they made out like bandits when they still raised consumer prices as if they had paid top dollar. The result: more than $30 billion in windfall profits. And to add insult to injury, emissions didn't decline because corporations had overestimated how many permits they needed. Under the U.S. cap and trade law snaking its way through Congress, 85 percent of the carbon credits would be given away to polluting industries for free.

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