"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 five 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"

PS: If you have arrived here on a page link, then click on the HOME link...

Saturday, 26 September 2015

UN Wants Another $5 Trillion PER YEAR

E M Smith
Looks like the first thing that House Speaker Boehner’s replacement can do is stop having the US Government sign stupid crap like this at the UN. I’ve bolded the ‘hook’ to Global Warming. I’ve also bolded places where some other issues caught my eye.
UN summit to approve 15-year blueprint to eradicate extreme poverty and combat climate change
Danish Prime Minister Lars Lokke Rasmussen, right, and United Nations Secretary-General Ban Ki-moon celebrate after the passing of a draft resolution during the 2015 Sustainable Development Summit, Friday, Sept. 25, 2015 at United Nations headquarters. (AP Photo/Seth Wenig)
Note the “Sustainable Development” line straight out of Agenda 21 and the push for UN control of your life and property.    ..........
The only really good news for me out of this is that there simply isn’t $5 Trillion / year to be had. The EU is on the brink of collapse with only Germany and a couple of other northern states doing well. UK is marginal. Australia is hitting the skids as China slows down purchase of iron ore, coal, etc. USA (as mentioned) is $19 Trillion in the hole and sinking fast into the abyss of poverty. China is still growing, but down from 12% / yr to more like 6% (and 3 or 4% of that might be fictional…).
Things are so bad globally that the collective Central Banks of the world are far far closer to zero interest rates than anything sane in a failed attempt to use monetary policy inflation to fix fiscal policy failures. Layering on an even greater fiscal policy failure of $5 Trillion / year will just make the “busted flush” come sooner. "

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