My mother was very good at throwing out adages at appropriate times when I was a child. She sort of left me to figure them out on my own. I’d ask myself, “What do you suppose she meant by that?” One of the things she often said was, “There is nothing new under the Sun.” She was an impatient mother. She had an air of authority that said, “Don’t question me, I know what I’m talking about.” Later, I would go on about my life when those adages would pop back into my mind and I would then say to myself, “Oh, that’s what she meant by that.” Today is one of those days. I was reminded of this by someone who made a comment at WattsUpWithThat. The article was regarding the carbon credit market crashing and the comment was regarding something called Tulip Mania. Up popped my mother again, “There is nothing new under the Sun.”
According to the Wikipedia encyclopedia, Tulip Mania is a marketing craze over tulips that took place in the 1600′s. Part of the description of Tulip Mania says this: “The term “tulip mania” is now often used metaphorically to refer to any large economic bubble (when asset prices deviate from intrinsic values.”
That pretty much describes a craze of no substance, which is what carbon trading is; no substance. Which took me back to Enron. Isn’t carbon trading fraud what the Enron debacle was about? M. Simon at Power and Control Blog writes:
How about a carbon dioxide cap-and-trade program? The problem was that CO2 is not a pollutant, and therefore the EPA had no authority to cap its emission. Al Gore took office in 1993 and almost immediately became infatuated with the idea of an international environmental regulatory regime. He led a U.S. initiative to review new projects around the world and issue ‘credits’ of so many tons of annual CO2 emission reduction. Under law a tradeable system was required, which was exactly what Enron also wanted because they were already trading pollutant credits.
Thence Enron vigorously lobbied Clinton and Congress, seeking EPA regulatory authority over CO2. From 1994 to 1996, the Enron Foundation contributed nearly $1 million dollars – $990,000 – to the Nature Conservancy, whose Climate Change Project promotes global warming theories. Enron philanthropists lavished almost $1.5 million on environmental groups that support international energy controls to “reduce” global warming. Executives at Enron worked closely with the Clinton administration to help create a scaremongering climate science environment because the company believed the treaty could provide it with a monstrous financial windfall. The plan was that once the problem was in place the solution would be trotted out.
But I digress.
The reason I am writing about this now (and again) is because it is all tied into the fraud the environmentalists, energy companies, and government are perpetrating on the public in the form of forced carbon reduction through taxing, tax incentives, and Smart Meters.
As I go about educating myself and hopefully my readers on these subjects, I can tend to get sidetracked a bit when I come across some tangential information. That happened today when I came across a great site with a timeline history of money. As I read through it, I was instantly fascinated by the creation of money out of thin air. Which is what carbon credits are exactly; creating money out of thin air. It was interesting to find that “money changers” established the first central bank in the Netherlands in 1609, which is just before the timeline on Tulip Mania.
This post may seem like a stream of consciousness, moving back and forth from my mother to carbon trading schemes, to Tulip Mania, to “the money changers.” That is where my mind went today. Connecting the dots throughout. History is a great teacher.
Our legislators and elected officials, (read from Presidents on down through the entire chain of government) have been corrupt and derelict in their duties to protect the public from such frauds. Worse than complicit, they are perpetrating the frauds. The American public (That means you and I) are going to have to wake up and clean house. I’m sick of this. You are, too. Just remember, we aren’t the first generation to be scammed and ruined by “money changers.” We are just the latest. It could be the end of America this time. In the past, countries have been ruined. The difference today is we have communication tools that allow the public to seek and find the truth.
Every time you see another policy being set in place that relates to Climate Change (Smart Meters would be one, anything “green” would qualify) or redistribution of wealth based on “regional” land use, please go after your local, state, and national representatives. Tell them “No”, not just “No”, but “Hell no!”