After the failure of (1) Fuel Watch,(2) Grocery Watch, the (3) Education Revolution and School Building Programme, the (4) Childcare Centre Building Program, and the (5) Home Insulation Scheme, Kevin 07 has now also scrapped the (6) Emissions Trading Scheme (ETS).
The ETS was always a scam, an attempt to create a new global derivatives bubble on a trade in thin air, to replace the derivatives bubbles on real estate and stocks that are imploding.
Did Kevin Rudd and Penny Wong decide to deep-freeze their emissions trading scheme, because Goldman Sucks was caught out and charged with fraud?
Remember, Goldman Sucks is the financial power behind carbon trading worldwide:
- Goldman owns 10 per cent of Al Gore’s Chicago carbon exchange;
- Al Gore’s partners in his Generation Investment Management hedge fund in London are all former Goldman Sachs executives—David Blood, Mark Ferguson and Peter Harris;
- Malcolm Turnbull, the man who almost delivered the ETS, by cutting a deal with Rudd without his party’s support, is Goldman Sachs’ main man in Australia.
In “The Great American Bubble Machine” published in the July 2009 edition of Rolling Stone magazine, author Matt Taibbi characterised Goldman Sachs as “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."
“The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. … They’ve been pulling this same stunt over and over since the 1920s—and now they’re preparing to do it again, creating what may be the biggest and most audacious bubble yet. … the new game in town, the next bubble, is in carbon credits … a groundbreaking new commodities bubble, disguised as an ‘environmental plan,’ called cap-and-trade. The new carbon-credit market is a virtual repeat of the commodities-market casino that’s been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won’t even have to rig the game. It will be rigged in advance.”
If Rudd and Wong dropped the ETS because they were afraid of being drawn into another Goldman Sachs fraud, that’s good.
Of course, they didn't say so. What they did say, in the usual Kevinese gibberish, was something about "extending the implementation phase of the emissions trading scheme".
So this is the 6th failure. Will the new health scheme that no-one understands be Number 7 ? After all, he hasn't been called Kevin 07 for nothing!
P.S. As a rule, I don't pass along these "add your name" lists that appear in emails, BUT this one is important. It has been circulating for months and has been sent to over 20 million people. We don't want to lose any names so just click here, add your name to the end of the list and send it on.
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