Sen. Chris Dodd: Need Carbon Markets

DriftingByTheStorm

Uh.
Dodd was just speaking on CNBC,
partly to announce that he will be staying with the senate banking committee.
He also talked about a lot of market reforms (like transparency, and more comprehensive regulation, blah blah blah) and some ostensibly sensible policies.

But he ALSO talked some about environmental regulation, and thinks like setting up an "Obama Eco Team", and such.

And then he threw in the "necessity" (i believe is what i heard) of a "Carbon Market" ...

and i just have to ask if people really understand the implications (and severe dangers) of letting large banking cartels essentialy control the "interest rate" on our primary global fuel supply. You think the OIL market is manipulated?

I just don't get it.
The necessary price hike put on the consumer ALONE should be enough to scare the shit out of people, with regard to Carbon Credit\Trading legislation.

But why the hell would you want to let them get away what is self described as a "new financial world order" where carbon credits "replace gold as the world currency" and so forth?

Its NUTS!

:( :( :(

polaris

do you think climate change is a serious problem facing the US and the world?

if so - what is your solution?

beachdweller

DriftingByTheStorm wrote:

Uh.
Dodd was just speaking on CNBC,
partly to announce that he will be staying with the senate banking committee.
He also talked about a lot of market reforms (like transparency, and more comprehensive regulation, blah blah blah) and some ostensibly sensible policies.

But he ALSO talked some about environmental regulation, and thinks like setting up an "Obama Eco Team", and such.

And then he threw in the "necessity" (i believe is what i heard) of a "Carbon Market" ...

and i just have to ask if people really understand the implications (and severe dangers) of letting large banking cartels essentialy control the "interest rate" on our primary global fuel supply. You think the OIL market is manipulated?

I just don't get it.
The necessary price hike put on the consumer ALONE should be enough to scare the shit out of people, with regard to Carbon Credit\Trading legislation.

But why the hell would you want to let them get away what is self described as a "new financial world order" where carbon credits "replace gold as the world currency" and so forth?

Its NUTS!

:( :( :(

what's nuts is thinking gold has anything to do with world currency anymore, as for the carbon credits, it really doesn't matter until we can stop living on credit. If the country is going to continue running up it's debt, what the currency is won't matter, will implode regardless. In fact the last two months is nothing compared to what's waiting for us if this shit isn't cleaned up. We do that, then we can talk carbon credits.

nothinghead

beachdweller wrote:

what's nuts is thinking gold has anything to do with world currency anymore, as for the carbon credits, it really doesn't matter until we can stop living on credit. If the country is going to continue running up it's debt, what the currency is won't matter, will implode regardless. In fact the last two months is nothing compared to what's waiting for us if this shit isn't cleaned up. We do that, then we can talk carbon credits.

But, but, but...the addition of Carbon Markets gives us a new kind debt to fall into! That counts for something, right?

Sludge Factory

nothinghead wrote:

But, but, but...the addition of Carbon Markets gives us a new kind debt to fall into! That counts for something, right?

The problem is, are you okay with having to pay a tax in order to breath? I think that is essentially what it boils down to.

beachdweller

nothinghead wrote:

But, but, but...the addition of Carbon Markets gives us a new kind debt to fall into! That counts for something, right?

yes, that counts as something, but I think regardless of what the currency is, the process will kill us, kind of like it's not the fall but the sudden stop that get's ya.

DriftingByTheStorm

polaris wrote:

do you think climate change is a serious problem facing the US and the world?

if so - what is your solution?

Yes.
I'm not convinced it is primarily an anthropogenic disaster, but i am convinced it is a a serious concern.

I do NOT however feel like imposing further burden upon the people does ANYthing to alleviate general human suffering. If anything it will significantly worsen the human condition.

Global power consumption is relatively inelastic (baring massive economic slowdowns like present).
You NEED heat and electricity to survive in this modern world.

I don't see how imposing further financial burden on the consumer in ANY way alters that pattern of consumption.

The international bankers will get MANY FOLD RICHER off of a carbon market.
Again, you need only look to the recent fiasco in the OIL market for the ground truth on the matter.

Carbon markets will be used to further tighten control upon the populace, squeeze our pockets, and at the end of the day, limit our numbers. They will also be used by the powermongers of this world to control nations, subserve them to the system, limit THEIR growth, suppress 3rd world wealth, restrict global growth and prosperity, further deny livable conditions for much of humanity, and to massively transfer EVEN MORE WEALTH back from the bottom 90% up to the top 1%.

Can anyone explain to me how what amounts to a global auction on energy is going to do ANYthing SIGNIFICANT to reduce consumption?

DriftingByTheStorm

beachdweller wrote:

what's nuts is thinking gold has anything to do with world currency anymore

i wasn't coining an original thought, there.
That was a direct quote off of a Rothschild propaganda piece as discussed here ...

The financial elite of this planet have already stated THEIR intention to replace the dollar (which itself suplanted gold late last century) with Carbon Credits as the new "world reserve currency".

Read the article.
Not my words.
THEIR PLAN!