CAP AND TRADE:
Cap and Trade, Carbon offsetting and Carbon credits. What does it all mean, how is this being implemented and what are the future implications?
Louis Redshaw head of Environmental Markets at Barclays Capital recently said that Carbon will be the worlds biggest commodity market and it could become the worlds biggest market overall. But he didn’t mean carbon as in charcoal or diamonds or even carbon dioxide gas, as none of these things are new to commodities markets. What Redshaw was really referring to was the right to emit CO2. Since 2005 the right to emit CO2 has been traded on the stock market. But the right to emit CO2 is a fundamental human right, so how can it be traded like a commodity on the stock market?
Welcome to the cult of CO2 hate.
The value of a commodity is inversely proportional to its relative scarcity. A substance in abundance has little or no worth. In order to turn the right to emit CO2 into a valuable commodity first you must create a scarcity. But it would have been impossible to create a scarcity of a fundamental human right without employing a clever reality flip. The most important element in this sleight of hand was of course human compliance. This has been achieved by pseudo environmentalism or more accurately the cult of CO2 hate. Pseudo environmentalist are very easy to spot. They are the ones that think CO2 is polluting the environment but don’t actually give a damn about the multitude of examples of real pollution. The cult of CO2 hate has been perpetuated by indoctrination of a purely irrational fear of carbon dioxide. CO2 is an essential life giving gas, invisible and no more a pollutant than oxygen. Yet all across the world it is being talked about as though it is some form of toxic waste purely because it is a by-product of our existence. Healthy levels of CO2 much higher than todays paltry 385 ppm will be nothing but a boon to life on Earth, yet the cult of CO2 hate has been built into a crooked consensus and out of that consensus, restrictions on emissions have been and are being imposed.
Having created a scarcity out of the right to emit carbon dioxide, all that was required was a system by which credits for the right to emit CO2 could be issued and voila, our human right to emit CO2 has become a tradable commodity, listed on the stock market as carbon credits.
CO2 Slavery
So now, a fundamental human right is being traded on the stock market in the form of carbon credits. How is this different from any other form of slavery? At the moment the scheme is being applied to industry and corporations but how long will it be before it is applied to individuals? It may not be common knowledge but essentially in the eyes of the law, a corporation has the same legal rights as an individual. So similarly it could therefore be argued, and indeed has been argued, that the environmental obligations of the corporation must also apply to the individual. This is precisely the message we hear being implied in the Mainstream Media repeatedly, “reduce your carbon footprint”, “cut your CO2 emissions”, “stop polluting the environment”. You can bet that before you know it, a CO2 emissions limit will be applied to each individual. If this happens it will be potentially by far and a way the most dangerous and criminal act ever perpetrated against the human race. We are all made of carbon, we eat it, we drink it and we produce it when we breath. We have a carbon based economy, our entire wealth and development as a species depends 100% on our right to emit carbon dioxide. When you examine the difference between so called first and third world countries with a view to understanding what makes them poor or rich, the disparity is rooted in their various carbon based technologies or lack there of. Mankind needs to produce CO2 for our very existence and we have been doing so ever since the discovery of fire. It is one of the main human characteristics which sets us apart from all other animals. If there is no new viable, carbon neutral, alternative source of energy in the pipe line that we as individuals will have access to, then the future will be one where all children who are not born to the very wealthy, will be born into carbon slavery.
The Consequences of Cap and Trade
These are the key findings of a study recently conducted by the Obama administration to formulate an “economic model” that will lead to an “emission reduction path.”
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• reduce cumulative U.S. emissions by 38% to 49%, about 110 to 140 billion metric tons CO2.
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• reduce total personal consumption by 0.3% to 0.5%, or about $1 to $2 trillion in discounted present value from 2010 to 2050.
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• reduce level of U.S. GDP by around 2.5% relative to what it otherwise would have been in 2050.
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• reduce employment levels by 0.5% in the first decade, with large differences across sectors.
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• create an annual value of emission allowances peaking at around $300 billion by 2030, and a total value of about $9 trillion from 2012 to 2050.
If this little list of bullet points didn’t scare you rigid perhaps you should read it again. Just remember America, this is what you voted for. 0.5% reduction of employment in the first decade, with large differences across sectors, what ever the hell that means! So lets suppose that if the Obama’s, Clinton’s and Brezinski’s of this “Brave New World” can precisely engineer these goals so that this figure is realised with some degree of accuracy, that would mean that at least 1.5 million Americans will be denied the right to feed their families and pay their bills over the next ten years. And you can bet your life that it will not end there. If this figure of enforced unemployment is exceeded who in the Obama administration is going to conduct a policy reversal when the current policy is to destroy jobs?
Finally, the Earths CO2 content although variable, is and always has been at atmospheric proportions that help facilitate the proliferation of all life-forms. Variations in atmospheric levels of CO2 can be matched particularly well with the historical abundance of organisms and plant life on this planet. Most importantly for this discussion, man’s contribution to current CO2 levels is so tiny as to be utterly insignificant.
The reason that this CO2 story falls apart when it is scrutinised is because it is a snake oil scam. The news media have lapped up AGW because they love a scare story, they certainly sell more papers with traumatising headlines. What has to be considered is that in the days when newspapers were most people's main source of information, all that was needed to manipulate the general public was the odd scare story here and bit of nonsense there. No doubt they all took their turn in this duty so as not to blow their cover or indeed destroy the magic of the overall effect. These days though with the internet, things are very different. Newspapers have lost so much ground that what we see now seems to be signs of pure desperation regarding the stories the papers are currently willing to run. One thing is for sure, what on many occasions seems to pass for front page news would not even pass for idle gossip at the local bingo hall in truth. This is a very dangerous situation for a democracy and evidence that the erosion of our current form of democracy has taken a firm hold. More evidence can be found directly in the political arena itself. In the UK the current level of corruption and deceit has reached unprecedented levels. It is important to realise that such levels of corruption can be no mere coincidence. Such widespread dishonesty can only be viewed as highly organised. It is a deliberate act designed to herd the general public into election choices that they would not normally make. The timing of all this current criminality, with an election looming in the next 12 + months, is most telling. Some sort of political fringe party are preparing themselves to be the benefactors of all this deceit. Whether it be the Green Party, UKIP, the BNP, or who knows maybe even the CONservatives, it has all been done before. They say that those who do not learn from the past are doomed to repeat it. Our current predicament can draw parallels from the rise of any previous dictatorships throughout history but this time with a difference. This time it is set to be fully, a global dictatorship.
Dictatorships have certain characteristics and one of the more discernible, is usually some form of slavery. For this particular "New World Order" dictatorship, the slavery will come in the form of Cap and Trade and Carbon Credits. Placing limits on peoples rights to emit CO2 might convince the gullible that this will help reduce CO2, an environmentally beneficial gas. But that is not what is happening of course. What is happening is that rights to emit CO2 are being restricted, creating a scarcity and thus adding value to those rights, which are then being sold like commodities on stock markets to those who can afford to buy them, namely large corporations owned by the rich. This produces even more uneven wealth distribution and makes poorer people worse off, as the rights to emit CO2 become ever more restricted, scarce and therefore more valuable. But as long as there are rich corporations with enough capital to buy those rights, and who then can offset the expense against their tax obligations or better still pass those costs on to the end consumer, this will inevitably cause ordinary taxpayers to fund their own enforced slavery. But it will surely do nothing whatsoever to reduce overall CO2 levels.