Banksters here, banksters there, banksters everywhere: carbon markets

[c1ue]

You want to know why prominent financiers (banksters) so often seem to believe in CAGW?

http://joannenova.com.au/2012/06/glo...llion-in-2011/

There you have it: $176 billion dollars in market value created out of literally thin air in less than 7 years.

And when you look at the breakdown of the actual 'carbon credits' - it is clear that derivatives are a big part of this number:

Ugh

[photon555]

Re: Banksters here, banksters there, banksters everywhere: carbon markets

If a group of banksters are ever marooned on a desert island, we must make sure they are never rescued. If they are recovered, we will discover to our horror that they have created a multi-trillion dollar debt based derivative balance sheet based on sea shells that will endanger the entire world financial system.

[gwynedd1]

Re: Banksters here, banksters there, banksters everywhere: carbon markets

You want to know why prominent financiers (banksters) so often seem to believe in CAGW?

http://joannenova.com.au/2012/06/glo...llion-in-2011/



There you have it: $176 billion dollars in market value created out of literally thin air in less than 7 years.

And when you look at the breakdown of the actual 'carbon credits' - it is clear that derivatives are a big part of this number:



Ugh

They have already monetized all the other original elements, dirt, water and fire. It was obvious that air would be next.

[don]

Re: Banksters here, banksters there, banksters everywhere: carbon markets

Al Gore, Mr. Carbon Off-Sets himself, made richer in FIRE's "Carbon Market".

Send him to the island as well (see above)