Climategate

"Carbon (Dioxide) trading is now the fastest growing commodities market on earth.....And here’s the great thing about it. Unlike traditional commodities markets, which will eventually involve delivery to someone in physical form, the carbon (dioxide) market is based on lack of delivery of an invisible substance to no-one. Since the market revolves around creating carbon (dioxide) credits, or finding carbon (dioxide) reduction projects whose benefits can then be sold to those with a surplus of emissions, it is entirely intangible." (Telegraph)

This blog has been tracking the 'Global Warming Scam' for over ten years now. There are a very large number of articles being published in blogs and more in the MSM who are waking up to the fact the public refuse to be conned any more and are objecting to the 'green madness' of governments and the artificially high price of energy. This blog will now be concentrating on the major stories as we move to the pragmatic view of 'not if, but when' and how the situation is managed back to reality. To quote Professor Lindzen, "a lot of people are going to look pretty silly"


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Thursday 27 January 2011

A levy to fix a flood of spending

Andrew Bolt,Herald Sun (Australia)
"JULIA Gillard’s flood levy proves how criminally wasteful Labor has been, and so do her cuts to green schemes.The Prime Minister’s levy will raise $1.8 billion of the more than $5 billion the Government expects to spend to fix flood damage in Queensland and Victoria.And, while Gillard wraps the levy in the flag, talking tearily of Australians looking after their mates, it’s designed not to save Queensland but her.Gillard’s most solemn election promise was to return the Budget blown by Labor to surplus by 2013.But even before the floods, Labor was in strife.

A Royal Bank of Scotland analysis noted: “The risk of a delayed return to surplus already seems possible in that the monthly Budget data show that the deficit was running an annual rate of $60 billion as at November.”You can guess why Gillard is out of cash by comparing the $1.8 billion she wants from her levy with the billions Labor once recklessly shovelled out."
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1 comment:

  1. Chip28 January 2011 at 01:55

    I subscribe to the guy from australia and his FFT economic newsletter at http://www.forecastfortomorrow.com he is saying this levy will be not good for us... that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.

    I am worried about my financial future. Is anyone else nervous out there?

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