By Gary P Jackson
It is the Responsibility of the Patriot to protect his country from it’s government.
Ten trillion dollars. That’s the conservative estimate of the amount of money Barack Obama, Albert Gore Jr., and a whole cast of criminals stand to make yearly (gross) off of the greatest scam in human history: “global warming.”
If you have ever sat back, scratching your head and wondering why the Marxists are pushing for a “cap and trade” bill that would not only make energy costs “necessarily skyrocket,” to quote Barack Obama, but do absolutely nothing to effect fictional “climate change, ” one way or the other, you are about to find out.
We have long known this Marxist idea was nothing more than a continuation of the communist desire to “spread the wealth” by forcibly stealing from those who create and earn, and giving to those that don’t. This is an inbred mental defect that can’t be cured, only contained, the most effective way being: not to elect these evil, corrupt bastards in the first place!
When we first learned of the Chicago Climate Exchange (CCX) we smelled a rat. No one has been more radical than Barack Obama when it comes to pushing the “global warming” hoax, and the “cap and trade” scheme. Being based in Chicago, common sense told us that Obama was somehow involved, and it was as corrupt as the day is long.
It took Glenn Beck to put it all together, and he has done a remarkable job of spelling it all out. In the videos below, Glenn documents Obama’s ties to the multi-trillion dollar carbon trading scam, Goldman Sachs, the Joyce Foundation, domestic terrorist Bill Ayers’ brother, Al Gore, George Soros, Maurice Strong and a whole cast of nerdowells.
Beck does a great job of connecting the dots here, as well as spelling out the scam itself. It’s quite interesting to note that all of the Marxist-democrats were pounding Goldman Sachs in their “show trial” for their handling of derivatives, a “synthetic” financial product, created out of thin air. Never mind it was the Marxist-democrat Party controlled Fannie Mae and Freddy Mac who were involved in the creation of this product, and President Bill Clinton who sanctioned it.
Even Obama’s boss, George Soros, got in on the act writing an essay on his website speaking to the dangers of derivatives.
And yet, this is what carbon trading is, in a way. You are not buying a real product, or producing a benefit. Trading carbon credits can best be described as a “sin tax” with the “sinner” being able to purchase the ability to continuing “sinning,” without stopping the “sinful behavior” in any way whatsoever. You are simply redistributing wealth. In this case, those who actually produce will be forced to purchase the right to continue to produce from those who don’t produce. A real triumph for the glorious communist revolution!
But stealing money from the producers, and giving it to the non-producers is only half the story. These carbon credits will have to be tracked and traded. These credits will be treated as any other commodity, and traded on the open market. This is where the Chicago Climate Exchange comes in. They will be the only exchange for trading these credits and will make hefty commissions buying and selling these credits. (They get paid coming and going)
Energy prices will “necessarily skyrocket” because of two factors. One, because producers will have to purchase these credits, adding to the cost of doing business, a cost that will be passed on to the consumer, and two, these producers will be forced to buy the privilege of continuing to produce, from the Chicago Climate Exchange, which will raise the cost of doing business even more, again this will be passed on to the consumer.
This is where Obama, and the rest of what Beck is calling Crime, Incorporated come in. Conservative estimates are Obama, Gore and the other scam artists involved in this deal will gross ten trillion dollars yearly, selling nothing but thin air.
They are lengthy, about 10 minutes each, but watch Glenn as he systematically spells out the entire scam. Pay particular attention to the “shadowy figure” he introduces partway into all of this.
As you see it’s pretty easy to understand why, despite mounting evidence that every single “scientific calculation” declaring the existence of “global warming” is fraudulent, much of it deliberately skewed to show a result that doesn’t exist, Obama, Gore, and a whole host of corrupt-o-crats are pushing harder than ever for a “fix” to a non-existent problem.
Ten trillion dollars is a whole lot of money to be made for essentially doing nothing.
Beck offers more insight into this swindle and the criminal activity the Obama regime is engaged in here:
I know what the radical left is going to say, “Glenn Beck is crazy” or something. Well, we did some research and found this article from March of 2009 that appeared in the Canada Free Press written by the unflappable Judi McLeod:
Obama’s involvement in Chicago Climate Exchange—the rest of the story
Good news to know that the truth will always out—even when you’re Barack Obama.
“Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress” is a FOXNews story by Ed Barnes. In short, “While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.”
The charity was the Joyce Foundation on whose board of directors Obama served and which gave nearly $1.1 million in two separate grants that were “instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”
And that’s only the beginning of this tawdry tale, Mr. Barnes.
The “privately-owned” Chicago Climate Exchange is heavily influenced by Obama cohorts Al Gore and Maurice Strong.
For years now Strong and Gore have been cashing in on that lucrative cottage industry known as man-made global warming.
Strong is on the board of directors of the Chicago Climate Exchange, Wikipedia-described as “the world’s first and North America’s only legally binding greenhouse gas emission registry reduction system for emission sources and offset projects in North America and Brazil.”
Gore, self-proclaimed Patron Saint of the Environment, buys his carbon off-sets from himself—the Generation Investment Management LLP, an independent, private, owner-managed partnership established in 2004 with offices in London and Washington, D.C., of which he is both chairman and founding partner. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist, including the Chicago Climate Exchange.
Strong, the silent partner, is a man whose name often draws a blank on the Washington cocktail circuit. Even though a former Secretary General of the 1992 United Nations Conference on Environment and Development (the much hyped Rio Earth Summit) and Under-Secretary General of the United Nations in the days of an Oil-for-Food beleaguered Kofi Annan, the Canadian born Strong is little known in the United States. That’s because he spends most of his time in China where he he has been working to make the communist country the world’s next superpower. The nondescript Strong, nonetheless is the big cheese in the underworld of climate change and is one of the main architects of the failing Kyoto Protocol.
Full credit for the expose on the business partnership of Strong and Gore in the cap-and-trade reduction scheme should go to the investigative acumen of the Executive Intelligence Review (EIR).
The tawdry tale of the top two global warming gurus in the business world goes all the way back to Earth Day, April 17, 1995 when the future author of “An Inconvenient Truth” travelled to Fall River, Massachusetts, to deliver a green sermon at the headquarters of Molten Metal Technology Inc. (MMTI). MMTI was a firm that proclaimed to have invented a process for recycling metals from waste. Gore praised the Molten Metal firm as a pioneer in the kind of innovative technology that can save the environment, and make money for investors at the same time.
“Gore left a few facts out of his speech that day,” wrote EIR. “First, the firm was run by Strong and a group of Gore intimates, including Peter Knight, the firm’s registered lobbyist, and Gore’s former top Senate aide.”
(Fast-forward to the present day and ask yourself why it is that every time someone picks up another Senate rock, another serpent comes slithering out).
Second, the company had received more than $25 million in U.S. Department of Energy (DOE) research and development grants, but had failed to prove that the technology worked on a commercial scale. The company would go on to receive another $8 million in federal taxpayers’ cash, at that point, its only source of revenue.
With Al Gore’s Earth Day as a Wall Street calling card, Molten Metal’s stock value soared to $35 a share, a range it maintained through October 1996. But along the way, DOE scientists had balked at further funding. When in March 1996, corporate officers concluded that the federal cash cow was about to run dry, they took action: Between that date and October 1996, seven corporate officers—including Maurice strong—sold off $15.3 million in personal shares in the company, at top market value. On Oct. 20, 1996—a Sunday—the company issued a press release, announcing for the first time, that DOE funding would be vastly scaled back, and reported the bad news on a conference call with stockbrokers.
On Monday, the stock plunged by 49%, soon landing at $5 a share. By early 1997, furious stockholders had filed a class action suit against the company and its directors. Ironically, one of the class action lawyers had tangled with Maurice strong in another insider trading case, involving a Swiss company called AZL Resources, chaired by Strong, who was also a lead shareholder. The AZL case closely mirrored Molten Metal, and in the end, Strong and the other AZL partners agreed to pay $5 million to dodge a jury verdict, when eyewitness evidence surfaced of Strong’s role in scamming the value of the company stock up into the stratosphere, before selling it off.
In 1997, Strong went on to accept from Tongsun Park, who was found guilty of illegally acting as an Iraqi agent, $1 million from Saddam Hussein, which was invested in Cordex Petroleum Inc., a company he owned with his son, Fred.
These are the leaders in the Man-made Global Warming Movement, who three years later were to be funded by the man who was to become President of the United States of America.
If we follow the time line on where Obama was during the funding of the Chicago Climate Exchange, he was still a professor at the University of Chicago Law School teaching constitutional law, with his law license becoming inactive a year later in 2002.
It may be interesting to note that the Chicago Climate Exchange in spite of its hype, is a veritable rat’s nest of cronyism. The largest shareholder in the Exchange is Goldman Sachs. Chicago Mayor Richard M. Daley is its honorary chairman, The Joyce Foundation, which funded the Exchange also funded money for John Ayers’ Chicago School Initiatives. John is the brother of William Ayers.
What a flap when it was discovered that the senator from Chicago had nursed on Saul Alinsky’s milk, had his political career launched at a coffee party held by domestic terrorist Bill Ayers, and sat for 20 years, uncomplaining in front of the “God-dam-America” pulpit of resentment-challenged Jeremiah Wright.
Folk were naturally outraged that the empty suit who would go on to become TOTUS was spawned from such anti-American activism.
But the media should have been hollering, “Stop Thief!” instead.
The same Chicago Climate Exchange promoting public rip-off was funded by Obama before he was POTUS.
Even as man-made global warming is being exposed as a money-generating hoax, Obama is working feverishly to push the controversial cap-and-trade carbon reduction scheme through Congress.
Obama was never the character he created for himself in the fairy-tale version in “Dreams of My Father“. He’s the agent of Change and Hope for cohorts making money down at the Chicago Climate Exchange.
The Barbarians are pushing at the gate of the Global Warming fraud, and to borrow a line from children playing Hide and Seek, Here they come, ready or not!
These are world class crooks we are dealing with here, and these plans have been in motion for quite some time. As you can easily see, hyping the “global warming” scam is nothing more than a scheme by a very few über corrupt Marxists who want to gain unbelievable wealth for themselves and their cronies, as well as the complete and total domination over all mankind.
This is nothing short of pure evil, and this group wishes to build a worldwide power base that absolutely no one will be able to escape the reach of. It’s a diabolical scheme that will not only destroy the United States, but every civilized nation on earth. It will wipe out the very concept of personal Liberty and Freedom world wide. The entire world will be little more than slaves to the whims of a few deranged sociopaths whose desire for wealth and power is without limit.
Investors Business Daily has also addressed this incredible mess:
The $10 Trillion Climate Fraud
Cap-And-Trade: While senators froth over Goldman Sachs and derivatives, a climate trading scheme being run out of the Chicago Climate Exchange would make Bernie Madoff blush. Its trail leads to the White House.
Lost in the recent headlines was Al Gore’s appearance Monday in Denver at the annual meeting of the Council of Foundations, an association of the nation’s philanthropic leaders.
“Time’s running out (on climate change),” Gore told them. “We have to get our act together. You have a unique role in getting our act together.“
Gore was right that foundations will play a key role in keeping the climate scam alive as evidence of outright climate fraud grows, just as they were critical in the beginning when the Joyce Foundation in 2000 and 2001 provided the seed money to start the Chicago Climate Exchange. It started trading in 2003, and what it trades is, essentially, air. More specifically perhaps, hot air.
The Chicago Climate Exchange (CCX) advertises itself as “North America’s only cap-and-trade system for all six greenhouse gases, with global affiliates and projects worldwide.” Barack Obama served on the board of the Joyce Foundation from 1994 to 2002 when the CCX startup grants were issued. As president, pushing cap-and-trade is one of his highest priorities. Now isn’t that special?
Few Americans have heard of either entity. The Joyce Foundation was originally the financial nest egg of a widow whose family had made millions in the now out-of-favor lumber industry.
After her death, the foundation was run by philanthropists who increasingly dedicated their giving to liberal causes, including gun control, environmentalism and school changes.
Currently, CCX members agree to a voluntary but legally binding agreement to regulate greenhouse gases.
The CCX provides the mechanism in trading the very pollution permits and carbon offsets the administration’s cap-and-trade proposals would impose by government mandate.
Thanks to Fox News’ Glenn Beck, we have learned a lot about CCX, not the least of which is that its founder, Richard Sandor, says he knew Obama well back in the day when the Joyce Foundation awarded money to the Kellogg Graduate School of Management at Northwestern University, where Sandor was a research professor.
Sandor estimates that climate trading could be “a $10 trillion dollar market.” It could very well be, if cap-and-trade measures like Waxman-Markey and Kerry-Boxer are signed into law, making energy prices skyrocket, and as companies buy and sell permits to emit those six “greenhouse” gases.
So lucrative does this market appear, it attracted the attention of London-based Generation Investment Management, which purchased a stake in CCX and is now the fifth-largest shareholder.
As we noted last year, Gore is co-founder of Generation Investment Management, which sells carbon offsets of dubious value that let rich polluters continue to pollute with a clear conscience.
Other founders include former Goldman Sachs partner David Blood, as well as Mark Ferguson and Peter Harris, also of Goldman Sachs. In 2006, CCX received a big boost when another investor bought a 10% stake on the prospect of making a great deal of money for itself. That investor was Goldman Sachs, now under the gun for selling financial instruments it knew were doomed to fail.
The actual mechanism for trading on the exchange was purchased and patented by none other than Franklin Raines, who was CEO of Fannie Mae at the time.
Raines profited handsomely to the tune of some $90 million by buying and bundling bad mortgages that led to the collapse of the American economy. His interest in climate trading is curious until one realizes cap-and-trade would make housing costlier as well.
Amazingly, none of these facts came up at Senate hearings on Goldman Sachs’ activities, which may be nothing more than Ross Perot’s famous “gorilla dust,” meant to distract us from the real issues.
The climate trading scheme being stitched together here will do more damage than Goldman Sachs, AIG and Fannie Mae combined. But it will bring power and money to its architects.
Lest you forget the communistic “spread the wealth” and “economic justice” angle to all of this, here’s a bit of video of Obama’s head of the Environmental Protection Agency, Lisa Jackson. Notice, she isn’t saying much about actually protecting the environment, but sure is interested in “gettin’ paid!”
The Chicago Climate Exchange (CCX) is projecting a $10 trillion a year gross profit if the Obama regime’s cap and tax scheme passes. It will destroy the nation’s economy.
Barrack Obama, while a board member of the Joyce Foundation, provided the funding for the formation of the CCX. Valerie Jarrett, Obama’s top adviser, still sits on the board. The money to form the CCX was funneled by Obama to the brother of a murdering domestic terrorist, who declared war on the United States and set off bombs in the Capitol, the Pentagon, as well as police stations, Army recruiting centers, and other government buildings nationwide.
London-based Generation Investment Management (GIM), realizing this was a license to print money, purchased a significant stake in CCX. (fifth largest shareholder) GIM was founded by none other than former Vice President, and chief “global warming” hoaxer, Albert Gore, Jr., along with a cabal of former and present Goldman Sachs people such as David Blood, a former Goldman executive, as well as Mark Ferguson, and Peter Harris, who are still part of Goldman Sachs, just to name a few. Read more here.
Franklin Raines, perhaps one of the most crooked men alive, the man who stole $90 million dollars, for himself, while head of Fannie Mae…by cooking the books, a deed that most certainly helped cause the housing collapse and economic hardships we are in now, used taxpayer money to buy the technology to measure and manage “carbon.” The “big board.” The patent for this nonsense was granted the day after Obama won the presidential election. More reading here.
GIM, the collaboration between Al Gore and the Goldman Sachs people owns 10 percent of CCX, and it’s potential $10 trillion yearly take, Goldman Sachs also owns 10 percent of CCX. This is an incredible weave of corruption, deceit, and greed. Remember when Obama said last week that at some point one has “made enough money” ? Obviously this vile concept doesn’t apply to Obama himself or his crooked friends.
There is only one way to stop this nightmare from reaching it’s full potential, and the destruction of civil society as we know it, and that is to make sure no legislation mandating cap and tax, or any other “climate change” tomfoolery ever comes to fruition.
With the enviro-moonbattery that is being ginned up over the tragedy in the Gulf, you can bet Obama and his co-conspirators will be working at breakneck speed to get the legislation in place that will make them wealthy beyond all description, and enslave mankind to their will for all eternity.
This must be stopped and stopped now. In a just society, men like Al Gore, George Soros, Barack Obama and the rest of this criminal enterprise, would be thrown in a dark prison to rot, never to see the light of day again.
I’m not sure we can make that happen, but we can expose these people and make sure none of their plans come to fruition. We can then start voting all of those who sympathize with this nonsense out of office until there are no more Marxists, progressives, or any other corrupt beings serving in any elected office, at any level. This is the only way we can save the nation, and the world.