-
Happy Birthday ICMag! Been 20 years since Gypsy Nirvana created the forum! We are celebrating with a 4/20 Giveaway and by launching a new Patreon tier called "420club". You can read more here.
-
Important notice: ICMag's T.O.U. has been updated. Please review it here. For your convenience, it is also available in the main forum menu, under 'Quick Links"!
5000 barrels a day of oil (210,000 gallons) leak off the coast of Louisiana
- Thread starter MoldyFrogToe
- Start date
- Status
I noticed that they went way down yesterday,2.83 a gall from 3.03 the other day.Thought it would go up myself but nope...
FACT:
Goldman Sachs Dumps 44% of it's BP Stock Weeks before Oil Rig
Golman Sachs sells largest ever chunk of BP stock 2 days before
Goldman Sachs sells largest ever chunk of BP stock 2 days before accident.
The latest revelations in the British Petroleum gulf drilling disaster indicate that international banking firm Goldman Sachs sold over 4.68 million shares of British Petroleum stock just two days prior to the explosion of the British Petroleum drilling platform. This sell-off of petroleum stock is now recognized as the largest single liquidation of petroleum stocks in the history of modern markets. With this liquidation taking place just 48 hours prior to the gulf explosion which now looms as America's worst ever ecological disaster, any intelligent mind must ask these questions, "Was this sell-off an act of insider trading? Did someone at Goldman Sachs have foreknowledge of this disaster? Could the disaster have been man-made? If so, who would be the ultimate beneficiary of this event?"
FACT:
Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.
Mr Hayward, whose pay package is £4 million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2 million.
There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history.
His decision, however, means he avoided losing more than £423,000 when BP’s share price plunged after the oil spill began six weeks ago.
Goldman Sachs Dumps 44% of it's BP Stock Weeks before Oil Rig
Golman Sachs sells largest ever chunk of BP stock 2 days before
Goldman Sachs sells largest ever chunk of BP stock 2 days before accident.
The latest revelations in the British Petroleum gulf drilling disaster indicate that international banking firm Goldman Sachs sold over 4.68 million shares of British Petroleum stock just two days prior to the explosion of the British Petroleum drilling platform. This sell-off of petroleum stock is now recognized as the largest single liquidation of petroleum stocks in the history of modern markets. With this liquidation taking place just 48 hours prior to the gulf explosion which now looms as America's worst ever ecological disaster, any intelligent mind must ask these questions, "Was this sell-off an act of insider trading? Did someone at Goldman Sachs have foreknowledge of this disaster? Could the disaster have been man-made? If so, who would be the ultimate beneficiary of this event?"
FACT:
Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.
Mr Hayward, whose pay package is £4 million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2 million.
There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history.
His decision, however, means he avoided losing more than £423,000 when BP’s share price plunged after the oil spill began six weeks ago.
F
feral
I was just thinking......
Maybe this is Britain's way of a payback since we kicked their ass's twice over the past 250 some years.
Maybe this is Britain's way of a payback since we kicked their ass's twice over the past 250 some years.
A
Amos Moses
Here's some lite reading:
Key Obama Climate Change Exchange Being Swayed by Top U.N. Officials
By Edward Barnes
Published April 20, 2009
A greenhouse gases trading system funded with the support of then-Illinois State Sen. Barack Obama, which is likely to play a major role in his $650 million cap-and-trade initiative, lists five present or former top-ranking U.N. officials on its board of directors and advisory board who've had enormous influence over climate change matters -- including one who received $1 million from a convicted South Korean lobbyist.
The most controversial figure of the five, board of director Maurice Strong, was one of former Secretary General Kofi Annan's key aides at the U.N. for years until the Iraq Oil-for-Food scandal forced him to leave. Since then Strong has lived mostly in China. Calls to the exchange for comment about Strong's role, and that of other U.N. figures, were not returned.
The Climate Exchange, which began operations in 2003, provides trading in carbon emissions and their offsets, along with those of other greenhouse gases, is among a group of companies and institutions that voluntarily participate in the program. It bills itself as the only voluntary, legally binding exchange of its kind in North America. Among its member companies are Ford, DuPont and United Technologies as well as a number of electric utilities; other participants include the City of Chicago and Miami-Dade County.
In the latest budget submitted to Congress last month, President Obama proposed backing cap and trade as the nation's primary response to reduce global warming; a bill with that aim has also been submitted in the House of Representatives. Under the cap and trade plan a fixed number of carbon producing "permissions" would be made available to manufacturing and other industries each year; the totals would be reduced over time, forcing down the overall total of carbon dioxide emissions.
To meet their targets, companies would either have to cut production of the offending carbon-based gases or buy "offsets," or credits from companies that do not reach their allowed levels or actively create projects that reduce carbon in the atmosphere. Offsets also include planting trees and other activities that remove carbon from the atmosphere. However it is used, the scheme is guaranteed to boost the cost of fossil and other gas producing forms of energy in the U.S., as well as the costs of every economic sector that relies on that energy.
The likelihood of cap and trade or a similar scheme being enacted got a significant boost last week, when the Environmental Protection Agency officially announced that greenhouse gases pose a threat to public health and welfare via global warming, a prelude to official regulation of the emissions.
The Chicago Climate Exchange is the brainchild of Richard Sandor, an economics professor who has worked for the both the Chicago Mercantile Association and the Chicago Board of Trade. Known as "Mr. Derivative," for his work in creating interest rate futures markets, Sandor first proposed the creation of the climate exchange in 2000, just before the signing of the Kyoto Accord on greenhouse gas reduction.
Initial funding of almost $1 million which was crucial to the exchange's launch came in 2000 and 2001 from the Chicago-based Joyce Foundation, whose board of directors, which approved the funding, included Barack Obama, then an Illinois state senator.
Paula DiPerna, the Joyce Foundation's president at the time funding was approved, became the Climate Exchange's vice president by the time the foundation gave a second, and larger, tranche of money to the budding venture. Barack Obama, by that time an Illinois state legislator, was still on the foundation board.
Along with Maurice Strong, the other current or former U.N. officials on the climate exchange's 18-member advisory board are: Elizabeth Dowdeswell, former head of the UN Environmental Program (UNEP); Rajenra Pachauri, head of the U.N. Intergovernmental Panel on Climate Change; Michael Jammit Cutajar, former executive director of the U.N. Framework Convention for Climate Change (UNFCCC); and Thomas Lovejoy, former science adviser to UNEP and currently senior adviser to the president of the U.N. Foundation, which was originally founded with a $1 billion gift from CNN founder Ted Turner. The foundation calls itself "an advocate for the U.N. and a platform for connecting people, ideas and resources to help the United Nations solve global problems."
On one level Strong's involvement in the exchange is not surprising. He has been a player in virtually all the U.N.'s environmental initiatives over the past four decades. His work includes organizing the 1972 U.N. conference on the environment in Stockholm, which was a launch pad for the worldwide environmental movement, as well as the 1992 Earth Summit and the Kyoto Accords.
The New York Times once called Strong, a native Canadian, "The Custodian of the Planet." In 1972 Strong also became the first head of the United Nations Environmental Program. In 1997, he helped Annan launch a program of internal reform of the U.N., and subsequently served as Annan's special envoy to North Korea.
Strong left the U.N. under a cloud in 2005, after an investigation into the corruption ravaged Oil-for-Food Program revealed that he had received nearly $1 million in cash from Tongsun Park, a South Korean businessman who was later convicted of conspiring to bribe U.N. officials who ran the program. Strong claimed that the money was an investment by Park in a company owned by Strong's son. He admitted personally taking other money from Park but claimed it was for an "office rental." After the revelations Strong resigned his last U.N. post as Annan's North Korea envoy and moved to China.
Contacted to comment on his involvement in the exchange, Strong originally agreed to accept a list of questions from FOX News. However, after receiving the e-mail, he failed to respond. Among the questions: What was his role on the board? Because President Obama was involved in the early funding of the exchange, did he meet with members of the exchange? Is Strong involved in setting up a similar exchange in China?
The Climate Exchange's 18-member advisory board is made up of leaders in business, science and academia. According to interviews with members who cooperated more than Strong did, membership is an unpaid position and the advisory board rarely meets. It was originally used to advise the company on "procedures and standards," such as calculating carbon emissions and setting prices, when the company was being formed, according to one participant. Today most of the advisory board's work is done over the phone on an as-needed basis, according to a board member.
Also on the board of advisors is another Canadian and close associate of Strong's: Elizabeth Dowdeswell, another former head of the United Nation's Environmental Program who is remembered for leading the organization into the deepest crisis in its history during her five-year tenure from 1993 to 1998.
In 1997, the State Department charged that the UNEP under Dowdeswell's tenure suffered "from a lack of focus, strategic vision and influence." It also charged that the organization had been "marginalized to a perilous extent." As a result of the crisis of confidence in her leadership both the US and Britain threatened to withhold funding from the organization.
Dowdeswell, a former school teacher and home economist, was also attacked by environmentalists, financial donors, governments and her own staff for inept management that left the agency "irrelevant," according to critics.
In response to the firestorm of criticism Dowdeswell announced that she wouldn't seek a second term in the UNEP position.
Her record shows that she has often followed in Strong's footsteps. She spent much of her early career as a Canadian bureaucrat in the environmental field dominated by Strong. Her public career began as Saskatchewan's deputy minister for youth and culture and later Canada's deputy assistant minister of Environment. From there she followed Strong to the United Nation's Environment Program as executive director, a post that Strong had created and previously held. She was involved with him in organizing the Rio Summit.
Dowdeswell was also sent a list of questions about her involvement with the Chicago Climate Exchange. She has not responded.
Another member of the advisory board is Rajendra Kumar Pachauri, who has headed the U.N.'s Intergovernmental Panel on Climate Change since May 2002. The panel was co-recipient, with Al Gore, of the Nobel Peace Prize in 2007 for bringing global warming to the top of the world's agenda.
The panel's reports over a 10 year period tracked scientific studies and in 2007 concluded that the weight of scientific evidence now showed not only that global warming was occurring, but that it was a man-made phenomenon and that its consequences were immediate and dire. The reports have become the basis for all the proposals to bring about drastic reductions in man-made greenhouse gases, starting immediately.
But the panel's conclusions did not come without major controversy.
The IPCC reports, compiled by hundreds of scientists around the world, were meant to provide definitive up-to-date answers to questions about global warming based on current scientific data. Yet when the reports were issued, a number of scientists who had contributed to them challenged the conclusions.
They charged that Pachauri, who is an economist and industrial engineer and not a climate scientist, had written the final draft of the report in collaboration with other political figures before it was released, adding errors and unsubstantiated conclusions. The critics also charged that he had over-stepped the mandate of the IPCC by advocating policy, something the panel was supposed to avoid.
In January 2005 Chrisopher Landsea, a leading hurricane expert with National Oceanic and Atmospheric Administration resigned from work on the IPCC report, saying that it was "both being motivated by pre-conceived agendas and being scientifically unsound." He said that the panel had deliberately linked recent hurricane severity with global warming when no scientific link had been established.
Pachauri is enthusiastic about his involvement with the Chicago exchange. "I believe the exchange has an extremely important role in view of President Obama's inclusion of cap and trade in the new budget. I see it emerging as the principal market in the U.S. and beyond when cap and trade becomes a reality," he said in response to questions submitted by FOX News.
He said he joined the exchange board in December 2006 at the invitation of the exchange's founder, Richard Sandor. He said the advisory board is "designed to consist of thought leaders in the environmental, business, public policy and academic fields from India and all around the world."
He also said that he has no financial interest in the exchange or any other role except to provide advice. However, he was hopeful that the exchange would become a powerful force in the global marketplace.
Malta native Michael Jammit Cutajar was a former Assistant Secretary General of the UN and the former executive director of the United Nations Framework Convention for Climate Change (UNFCCC) until his retirement from the UN in early 2002. The UNFCCC is supposed to keep the Kyoto Accords process moving forward by setting up meeting between member states. It is currently organizing a major summit on climate change in Copenhagen later this year, where a successor to the Kyoto Accords is expected to be drafted and signed.
Currently Malta's Ambassador on Climate Change, Cutajar most recently chaired a U.N. forum on climate change in Bonn where unsuccessful negotiations took place to update the greenhouse gas emission cuts promised by participants at Kyoto. He too was sent a list of questions by FOX NEWS and has not responded.
The fifth former UN official on the board is Thomas Lovejoy, who says he was also recruited by Sandor after giving a talk about the need for a carbon exchange "years ago" at the University of Oklahoma. Lovejoy said he served as science advisor to UNEP while Dowdeswell was in charge.
He is also chief biodiversity advisor to the World Bank and senior adviser to the president of the United Nations Foundation. He is noted for developing "debt-for-nature swaps," under which environmental groups purchase troubled foreign debt at low prices. They then convert the discounted debt into local currency to purchase environmentally sensitive tracts of land. Critics of the scheme argue that the plan deprives poor nations of a chance to extract raw materials that are critical to their economic growth.
Lovejoy says he has not had the same depth of involvement in the exchange as many others on the board because his scientific specialty is forests and the exchange is just beginning to look into reforestation as part of the cap and trade process.
He says his involvement is voluntary, unpaid and that there are few meetings. "We are called as needed," he said.
"I just wanted to see if it works," he said in a phone interview.
--------
Hey, hey hey! Gets deeper, eh?
Amos
Key Obama Climate Change Exchange Being Swayed by Top U.N. Officials
By Edward Barnes
Published April 20, 2009
A greenhouse gases trading system funded with the support of then-Illinois State Sen. Barack Obama, which is likely to play a major role in his $650 million cap-and-trade initiative, lists five present or former top-ranking U.N. officials on its board of directors and advisory board who've had enormous influence over climate change matters -- including one who received $1 million from a convicted South Korean lobbyist.
The most controversial figure of the five, board of director Maurice Strong, was one of former Secretary General Kofi Annan's key aides at the U.N. for years until the Iraq Oil-for-Food scandal forced him to leave. Since then Strong has lived mostly in China. Calls to the exchange for comment about Strong's role, and that of other U.N. figures, were not returned.
The Climate Exchange, which began operations in 2003, provides trading in carbon emissions and their offsets, along with those of other greenhouse gases, is among a group of companies and institutions that voluntarily participate in the program. It bills itself as the only voluntary, legally binding exchange of its kind in North America. Among its member companies are Ford, DuPont and United Technologies as well as a number of electric utilities; other participants include the City of Chicago and Miami-Dade County.
In the latest budget submitted to Congress last month, President Obama proposed backing cap and trade as the nation's primary response to reduce global warming; a bill with that aim has also been submitted in the House of Representatives. Under the cap and trade plan a fixed number of carbon producing "permissions" would be made available to manufacturing and other industries each year; the totals would be reduced over time, forcing down the overall total of carbon dioxide emissions.
To meet their targets, companies would either have to cut production of the offending carbon-based gases or buy "offsets," or credits from companies that do not reach their allowed levels or actively create projects that reduce carbon in the atmosphere. Offsets also include planting trees and other activities that remove carbon from the atmosphere. However it is used, the scheme is guaranteed to boost the cost of fossil and other gas producing forms of energy in the U.S., as well as the costs of every economic sector that relies on that energy.
The likelihood of cap and trade or a similar scheme being enacted got a significant boost last week, when the Environmental Protection Agency officially announced that greenhouse gases pose a threat to public health and welfare via global warming, a prelude to official regulation of the emissions.
The Chicago Climate Exchange is the brainchild of Richard Sandor, an economics professor who has worked for the both the Chicago Mercantile Association and the Chicago Board of Trade. Known as "Mr. Derivative," for his work in creating interest rate futures markets, Sandor first proposed the creation of the climate exchange in 2000, just before the signing of the Kyoto Accord on greenhouse gas reduction.
Initial funding of almost $1 million which was crucial to the exchange's launch came in 2000 and 2001 from the Chicago-based Joyce Foundation, whose board of directors, which approved the funding, included Barack Obama, then an Illinois state senator.
Paula DiPerna, the Joyce Foundation's president at the time funding was approved, became the Climate Exchange's vice president by the time the foundation gave a second, and larger, tranche of money to the budding venture. Barack Obama, by that time an Illinois state legislator, was still on the foundation board.
Along with Maurice Strong, the other current or former U.N. officials on the climate exchange's 18-member advisory board are: Elizabeth Dowdeswell, former head of the UN Environmental Program (UNEP); Rajenra Pachauri, head of the U.N. Intergovernmental Panel on Climate Change; Michael Jammit Cutajar, former executive director of the U.N. Framework Convention for Climate Change (UNFCCC); and Thomas Lovejoy, former science adviser to UNEP and currently senior adviser to the president of the U.N. Foundation, which was originally founded with a $1 billion gift from CNN founder Ted Turner. The foundation calls itself "an advocate for the U.N. and a platform for connecting people, ideas and resources to help the United Nations solve global problems."
On one level Strong's involvement in the exchange is not surprising. He has been a player in virtually all the U.N.'s environmental initiatives over the past four decades. His work includes organizing the 1972 U.N. conference on the environment in Stockholm, which was a launch pad for the worldwide environmental movement, as well as the 1992 Earth Summit and the Kyoto Accords.
The New York Times once called Strong, a native Canadian, "The Custodian of the Planet." In 1972 Strong also became the first head of the United Nations Environmental Program. In 1997, he helped Annan launch a program of internal reform of the U.N., and subsequently served as Annan's special envoy to North Korea.
Strong left the U.N. under a cloud in 2005, after an investigation into the corruption ravaged Oil-for-Food Program revealed that he had received nearly $1 million in cash from Tongsun Park, a South Korean businessman who was later convicted of conspiring to bribe U.N. officials who ran the program. Strong claimed that the money was an investment by Park in a company owned by Strong's son. He admitted personally taking other money from Park but claimed it was for an "office rental." After the revelations Strong resigned his last U.N. post as Annan's North Korea envoy and moved to China.
Contacted to comment on his involvement in the exchange, Strong originally agreed to accept a list of questions from FOX News. However, after receiving the e-mail, he failed to respond. Among the questions: What was his role on the board? Because President Obama was involved in the early funding of the exchange, did he meet with members of the exchange? Is Strong involved in setting up a similar exchange in China?
The Climate Exchange's 18-member advisory board is made up of leaders in business, science and academia. According to interviews with members who cooperated more than Strong did, membership is an unpaid position and the advisory board rarely meets. It was originally used to advise the company on "procedures and standards," such as calculating carbon emissions and setting prices, when the company was being formed, according to one participant. Today most of the advisory board's work is done over the phone on an as-needed basis, according to a board member.
Also on the board of advisors is another Canadian and close associate of Strong's: Elizabeth Dowdeswell, another former head of the United Nation's Environmental Program who is remembered for leading the organization into the deepest crisis in its history during her five-year tenure from 1993 to 1998.
In 1997, the State Department charged that the UNEP under Dowdeswell's tenure suffered "from a lack of focus, strategic vision and influence." It also charged that the organization had been "marginalized to a perilous extent." As a result of the crisis of confidence in her leadership both the US and Britain threatened to withhold funding from the organization.
Dowdeswell, a former school teacher and home economist, was also attacked by environmentalists, financial donors, governments and her own staff for inept management that left the agency "irrelevant," according to critics.
In response to the firestorm of criticism Dowdeswell announced that she wouldn't seek a second term in the UNEP position.
Her record shows that she has often followed in Strong's footsteps. She spent much of her early career as a Canadian bureaucrat in the environmental field dominated by Strong. Her public career began as Saskatchewan's deputy minister for youth and culture and later Canada's deputy assistant minister of Environment. From there she followed Strong to the United Nation's Environment Program as executive director, a post that Strong had created and previously held. She was involved with him in organizing the Rio Summit.
Dowdeswell was also sent a list of questions about her involvement with the Chicago Climate Exchange. She has not responded.
Another member of the advisory board is Rajendra Kumar Pachauri, who has headed the U.N.'s Intergovernmental Panel on Climate Change since May 2002. The panel was co-recipient, with Al Gore, of the Nobel Peace Prize in 2007 for bringing global warming to the top of the world's agenda.
The panel's reports over a 10 year period tracked scientific studies and in 2007 concluded that the weight of scientific evidence now showed not only that global warming was occurring, but that it was a man-made phenomenon and that its consequences were immediate and dire. The reports have become the basis for all the proposals to bring about drastic reductions in man-made greenhouse gases, starting immediately.
But the panel's conclusions did not come without major controversy.
The IPCC reports, compiled by hundreds of scientists around the world, were meant to provide definitive up-to-date answers to questions about global warming based on current scientific data. Yet when the reports were issued, a number of scientists who had contributed to them challenged the conclusions.
They charged that Pachauri, who is an economist and industrial engineer and not a climate scientist, had written the final draft of the report in collaboration with other political figures before it was released, adding errors and unsubstantiated conclusions. The critics also charged that he had over-stepped the mandate of the IPCC by advocating policy, something the panel was supposed to avoid.
In January 2005 Chrisopher Landsea, a leading hurricane expert with National Oceanic and Atmospheric Administration resigned from work on the IPCC report, saying that it was "both being motivated by pre-conceived agendas and being scientifically unsound." He said that the panel had deliberately linked recent hurricane severity with global warming when no scientific link had been established.
Pachauri is enthusiastic about his involvement with the Chicago exchange. "I believe the exchange has an extremely important role in view of President Obama's inclusion of cap and trade in the new budget. I see it emerging as the principal market in the U.S. and beyond when cap and trade becomes a reality," he said in response to questions submitted by FOX News.
He said he joined the exchange board in December 2006 at the invitation of the exchange's founder, Richard Sandor. He said the advisory board is "designed to consist of thought leaders in the environmental, business, public policy and academic fields from India and all around the world."
He also said that he has no financial interest in the exchange or any other role except to provide advice. However, he was hopeful that the exchange would become a powerful force in the global marketplace.
Malta native Michael Jammit Cutajar was a former Assistant Secretary General of the UN and the former executive director of the United Nations Framework Convention for Climate Change (UNFCCC) until his retirement from the UN in early 2002. The UNFCCC is supposed to keep the Kyoto Accords process moving forward by setting up meeting between member states. It is currently organizing a major summit on climate change in Copenhagen later this year, where a successor to the Kyoto Accords is expected to be drafted and signed.
Currently Malta's Ambassador on Climate Change, Cutajar most recently chaired a U.N. forum on climate change in Bonn where unsuccessful negotiations took place to update the greenhouse gas emission cuts promised by participants at Kyoto. He too was sent a list of questions by FOX NEWS and has not responded.
The fifth former UN official on the board is Thomas Lovejoy, who says he was also recruited by Sandor after giving a talk about the need for a carbon exchange "years ago" at the University of Oklahoma. Lovejoy said he served as science advisor to UNEP while Dowdeswell was in charge.
He is also chief biodiversity advisor to the World Bank and senior adviser to the president of the United Nations Foundation. He is noted for developing "debt-for-nature swaps," under which environmental groups purchase troubled foreign debt at low prices. They then convert the discounted debt into local currency to purchase environmentally sensitive tracts of land. Critics of the scheme argue that the plan deprives poor nations of a chance to extract raw materials that are critical to their economic growth.
Lovejoy says he has not had the same depth of involvement in the exchange as many others on the board because his scientific specialty is forests and the exchange is just beginning to look into reforestation as part of the cap and trade process.
He says his involvement is voluntary, unpaid and that there are few meetings. "We are called as needed," he said.
"I just wanted to see if it works," he said in a phone interview.
--------
Hey, hey hey! Gets deeper, eh?
Amos
A
Amos Moses
And, how about this one:
-------------------------------------------------------------
Obama, Gore, Goldman, Joyce Foundation CCX partners to fleece USA
If Goldman is really the bad guy, why are these people still on the job? The Goldman suit is a put up job!
• William C. Dudley, president of the Federal Reserve Bank of New York; was a partner and managing director at Goldman
• Gary Gensler, chairman of the Commodity Futures Trading Commission; spent 18 years at Goldman
• Mark Patterson, chief of staff to Tim Geithner; former Goldman lobbyist
• Philip Murphy; nominated for ambassador to Germany; former Goldman executive
• Diana Farrell; deputy director of the National Economic Council; formerly with Goldman
• Emil Michael; White House fellow; former investment banker with Goldman
In case you didn't know the Chicago Climate Exchange existed - it does and it started trading in 2003. It's billed as: "North America's only cap-and-trade system for all six greenhouse gases, with global affiliates and projects worldwide." Members agree to a voluntary but legally binding agreement to "meet annual Green House Gas emission reduction targets."
What's cap-and-trade? A scheme designed to transfer wealth from the companies that have to the companies that have not through the regulation of invisible gases. Remember, it was ENRON who lobbied heavily for this type of system, because they knew how to swindle a profit out of it.
In 2000 and 2001, Chicago Climate Exchange received start-up grants from the Joyce Foundation. The Joyce Foundation is like the George Soros' TIDES Foundation. In fact, it's actually bigger than TIDES and even funds TIDES. Think of it as a place where uber-rich and powerful liberals like to dump their money into, so the cash can be spread around to their pet projects without a direct link.
The Joyce Foundation supports such luminaries as John Ayers (William Ayers' brother).
There was one influential member on the board of the Joyce Foundation at the time the Chicago Climate Exchange got its seed money; someone instrumental in steering the funds towards the creation of the Chicago Climate Exchange. They were on the board from 1994-2002. The founder of the Chicago Climate Exchange, Richard Sandor, said that he "knew (this person) well," which is perhaps how the money was awarded to the Kellogg Graduate School of Management, where Sandor was a research professor.
London-based Generation Investment Management sees the earning potential as well. That's why they purchased a stake in Chicago Climate Exchange and are the fifth largest shareholder. The cofounder of the London-based firm? Former Vice President Al Gore. I say cofounder because some of the other founders include David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman).
In 2006, the Chicago Climate Exchange got a nice boost of confidence when an investor stepped to the plate and ponied up to purchase 10 percent of the combined company. Cofounder of the Chicago Exchange said the investment was big and welcome news. The investor? Goldman Sachs.
Oh and I almost forgot: The person at the beginning of it all? The one on the board of the Joyce Foundation that secured the initial funding for this project? Barack Obama.
This is so weird. It's almost like those our government says are responsible for the financial collapse are the ones directly involved in the "solutions." So much for "changing the locks.
OK, now let's look at this. What you have is a structure. This is the building: the Exchange. You've got the structure, all the players.
So what are we missing? Well, we're missing the bill and the technology to make it happen; the machinery to make it happen.
You are trading air; it's hard to keep track of air. The good news is, the bill is being worked on by Republicans and Democrats. That's cap-and-trade.
The machinery, the device? A patent for such a device was worked on by CO2e.com CEO Carlton Bartels. Shortly after he filed for the patent on his system to trade residential carbon credits, he was killed in the 9/11 attacks. Bartels wife then shopped the idea around and was able to find a buyer. The buyer ended up being a guy who wasn't really a good guy, he committed massive accounting fraud and manipulated earnings in his company in order to make huge bonuses.
That person was Franklin Raines, who just happened to be the CEO of Fannie Mae at the time. The patent was eventually approved by the U.S. Patent and Trade Office on Nov. 7, 2006 - coincidentally the day after Democrats took control of Congress. Thanks to Barbara Hollingsworth of the Washington Examiner for pointing this out to us.
So now, Fannie Mae, who is congressionally mandated to "make housing more affordable," is poised to reap billions on a system that has nothing to do with housing except for that it would make housing costs go up.
That's great.
Remember when Fannie purchased risky mortgages from banks, bundled them together and sold to investors as mortgage-backed securities? And then the housing market was absolutely destroyed? Well, former Fannie VP Scott Lesmes was responsible for that bundling.
Well, here's the good news: Not only will this new carbon trading "system" try the exact same bundling method (except with air); they are using the exact same guy: Scott Lesmes.
But, please, don't worry. The only ones involved in this are the corrupt Franklin Raines, Mr. redistribution of wealth Barack Obama, and all the people who the House and Senate are currently saying are the bad guys. Other than that, this should work out great.
It's almost like Goldman is willing to take a little heat now, in order to get a little piece of the $10 trillion green pie later. I challenge the media: Will anyone pick this story up? Will anyone question this and the timing of it all?
All of a sudden illegal immigration has leap-frogged global warming? Is it because Goldman has to take hits to get the global government structure done? And then they get the payoff? Or will you continue to say oh, he's crazy and not talk about the facts.
Know the crooks and their roles:
George Soros, Joyce Foundation and connection to CCX. What is CCX, the Chicago Climate Exchange, projected to gross 10 Trillion a year is Cap-N-Tax passes. Obama played a pivotal role in the formation of the CCX. (Click here for expose)
Barrack Hussein Obama, Board Member of the Joyce Foundation, funded the formation of the CCX.
( Valerie Jarrett is still on the board, Obama's top adviser.)
Obama sat on board and funneled money to Ayer's brother (wild huh, just a guy in his neighborhood) and to form the CCX.
AL Gore--Goldman Sachs-- GIM: Hold on to your britches, London-based Generation Investment Management sees the Trillion and they purchased a huge stake in Chicago Climate Exchange (fifth largest shareholder.) The founder of GIM is none other than former Vice President Al Gore along with Goldman people.
For example other founders are David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman) to name a few. " Franklin Raines, mega crooked banker and bust Fannie Mae head, uses Fannie Mae (taxpayers money) to buy the technology to measure and manage carbon. The patent was award the day after Obama and Dems won the election. Goldman Sachs owns ten percent of the CCX and its 10 Trillion a year potential. (CCX is 10% owned by Goldman Sachs (GS) and 10% owned by Generation Investment Management (GIM).) Gore, Goldman, and Cap and Trade - Tangled Web of Corruption
http://warofillusions.wordpress.com...ayers-cashing-in-on-chicago-climate-exchange/
Obama, Maurice Strong, Al Gore key players cashing in on Chicago Climate Exchange
Fannie Mae owns patent on 'cap and trade' exchange
http://findarticles.com/p/news-arti...0420/fannie-mae-owns-patent-cap/ai_n53232169/
When he wasn't busy helping create a $127 billion mess for taxpayers to clean up, former Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select individuals in the "green" movement were inventing a patented system to trade residential carbon credits.
Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 -- the day after Democrats took control of Congress. Former Sen. John Sununu, R-N.H., criticized the award at the time, pointing out that it had "nothing to do with Fannie Mae's charter, nothing to do with making mortgages more affordable."
It wasn't about mortgages. It was about greenbacks. The patent, which Fannie Mae confirmed it still owns with Cantor Fitzgerald subsidiary CO2e.com, gives the mortgage giant a lock on the fledgling carbon trading market, thus also giving it a major financial stake in the success of cap-and-trade legislation.
Besides Raines, the other "inventors" are:
Former Fannie Vice President and Deputy General Counsel G. Scott Lesmes, who provided legal advice on Fannie Mae's debt and equity offerings;
Former Fannie Vice President Robert Sahadi, who now runs GreenSpace Investment Financial Services out of his 5,002-square- foot Clarksburg home;
2008 Barack Obama fundraiser Kenneth Berlin, an environmental law partner at Skadden Arps;
Michelle Desiderio, director of the National Green Building Certification program, which trains "green" monitors;
Former Cantor Fitzgerald employee Elizabeth Arner Cavey, wife of Democratic donor Brian Cavey of the Stanton Park Group, which received $200,000 last year to lobby on climate change legislation
-------------------------------------------
Something is beginning to smell like dead, rotting fish, eh?
Amos
-------------------------------------------------------------
Obama, Gore, Goldman, Joyce Foundation CCX partners to fleece USA
If Goldman is really the bad guy, why are these people still on the job? The Goldman suit is a put up job!
• William C. Dudley, president of the Federal Reserve Bank of New York; was a partner and managing director at Goldman
• Gary Gensler, chairman of the Commodity Futures Trading Commission; spent 18 years at Goldman
• Mark Patterson, chief of staff to Tim Geithner; former Goldman lobbyist
• Philip Murphy; nominated for ambassador to Germany; former Goldman executive
• Diana Farrell; deputy director of the National Economic Council; formerly with Goldman
• Emil Michael; White House fellow; former investment banker with Goldman
In case you didn't know the Chicago Climate Exchange existed - it does and it started trading in 2003. It's billed as: "North America's only cap-and-trade system for all six greenhouse gases, with global affiliates and projects worldwide." Members agree to a voluntary but legally binding agreement to "meet annual Green House Gas emission reduction targets."
What's cap-and-trade? A scheme designed to transfer wealth from the companies that have to the companies that have not through the regulation of invisible gases. Remember, it was ENRON who lobbied heavily for this type of system, because they knew how to swindle a profit out of it.
In 2000 and 2001, Chicago Climate Exchange received start-up grants from the Joyce Foundation. The Joyce Foundation is like the George Soros' TIDES Foundation. In fact, it's actually bigger than TIDES and even funds TIDES. Think of it as a place where uber-rich and powerful liberals like to dump their money into, so the cash can be spread around to their pet projects without a direct link.
The Joyce Foundation supports such luminaries as John Ayers (William Ayers' brother).
There was one influential member on the board of the Joyce Foundation at the time the Chicago Climate Exchange got its seed money; someone instrumental in steering the funds towards the creation of the Chicago Climate Exchange. They were on the board from 1994-2002. The founder of the Chicago Climate Exchange, Richard Sandor, said that he "knew (this person) well," which is perhaps how the money was awarded to the Kellogg Graduate School of Management, where Sandor was a research professor.
London-based Generation Investment Management sees the earning potential as well. That's why they purchased a stake in Chicago Climate Exchange and are the fifth largest shareholder. The cofounder of the London-based firm? Former Vice President Al Gore. I say cofounder because some of the other founders include David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman).
In 2006, the Chicago Climate Exchange got a nice boost of confidence when an investor stepped to the plate and ponied up to purchase 10 percent of the combined company. Cofounder of the Chicago Exchange said the investment was big and welcome news. The investor? Goldman Sachs.
Oh and I almost forgot: The person at the beginning of it all? The one on the board of the Joyce Foundation that secured the initial funding for this project? Barack Obama.
This is so weird. It's almost like those our government says are responsible for the financial collapse are the ones directly involved in the "solutions." So much for "changing the locks.
OK, now let's look at this. What you have is a structure. This is the building: the Exchange. You've got the structure, all the players.
So what are we missing? Well, we're missing the bill and the technology to make it happen; the machinery to make it happen.
You are trading air; it's hard to keep track of air. The good news is, the bill is being worked on by Republicans and Democrats. That's cap-and-trade.
The machinery, the device? A patent for such a device was worked on by CO2e.com CEO Carlton Bartels. Shortly after he filed for the patent on his system to trade residential carbon credits, he was killed in the 9/11 attacks. Bartels wife then shopped the idea around and was able to find a buyer. The buyer ended up being a guy who wasn't really a good guy, he committed massive accounting fraud and manipulated earnings in his company in order to make huge bonuses.
That person was Franklin Raines, who just happened to be the CEO of Fannie Mae at the time. The patent was eventually approved by the U.S. Patent and Trade Office on Nov. 7, 2006 - coincidentally the day after Democrats took control of Congress. Thanks to Barbara Hollingsworth of the Washington Examiner for pointing this out to us.
So now, Fannie Mae, who is congressionally mandated to "make housing more affordable," is poised to reap billions on a system that has nothing to do with housing except for that it would make housing costs go up.
That's great.
Remember when Fannie purchased risky mortgages from banks, bundled them together and sold to investors as mortgage-backed securities? And then the housing market was absolutely destroyed? Well, former Fannie VP Scott Lesmes was responsible for that bundling.
Well, here's the good news: Not only will this new carbon trading "system" try the exact same bundling method (except with air); they are using the exact same guy: Scott Lesmes.
But, please, don't worry. The only ones involved in this are the corrupt Franklin Raines, Mr. redistribution of wealth Barack Obama, and all the people who the House and Senate are currently saying are the bad guys. Other than that, this should work out great.
It's almost like Goldman is willing to take a little heat now, in order to get a little piece of the $10 trillion green pie later. I challenge the media: Will anyone pick this story up? Will anyone question this and the timing of it all?
All of a sudden illegal immigration has leap-frogged global warming? Is it because Goldman has to take hits to get the global government structure done? And then they get the payoff? Or will you continue to say oh, he's crazy and not talk about the facts.
Know the crooks and their roles:
George Soros, Joyce Foundation and connection to CCX. What is CCX, the Chicago Climate Exchange, projected to gross 10 Trillion a year is Cap-N-Tax passes. Obama played a pivotal role in the formation of the CCX. (Click here for expose)
Barrack Hussein Obama, Board Member of the Joyce Foundation, funded the formation of the CCX.
( Valerie Jarrett is still on the board, Obama's top adviser.)
Obama sat on board and funneled money to Ayer's brother (wild huh, just a guy in his neighborhood) and to form the CCX.
AL Gore--Goldman Sachs-- GIM: Hold on to your britches, London-based Generation Investment Management sees the Trillion and they purchased a huge stake in Chicago Climate Exchange (fifth largest shareholder.) The founder of GIM is none other than former Vice President Al Gore along with Goldman people.
For example other founders are David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman) to name a few. " Franklin Raines, mega crooked banker and bust Fannie Mae head, uses Fannie Mae (taxpayers money) to buy the technology to measure and manage carbon. The patent was award the day after Obama and Dems won the election. Goldman Sachs owns ten percent of the CCX and its 10 Trillion a year potential. (CCX is 10% owned by Goldman Sachs (GS) and 10% owned by Generation Investment Management (GIM).) Gore, Goldman, and Cap and Trade - Tangled Web of Corruption
http://warofillusions.wordpress.com...ayers-cashing-in-on-chicago-climate-exchange/
Obama, Maurice Strong, Al Gore key players cashing in on Chicago Climate Exchange
Fannie Mae owns patent on 'cap and trade' exchange
http://findarticles.com/p/news-arti...0420/fannie-mae-owns-patent-cap/ai_n53232169/
When he wasn't busy helping create a $127 billion mess for taxpayers to clean up, former Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select individuals in the "green" movement were inventing a patented system to trade residential carbon credits.
Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 -- the day after Democrats took control of Congress. Former Sen. John Sununu, R-N.H., criticized the award at the time, pointing out that it had "nothing to do with Fannie Mae's charter, nothing to do with making mortgages more affordable."
It wasn't about mortgages. It was about greenbacks. The patent, which Fannie Mae confirmed it still owns with Cantor Fitzgerald subsidiary CO2e.com, gives the mortgage giant a lock on the fledgling carbon trading market, thus also giving it a major financial stake in the success of cap-and-trade legislation.
Besides Raines, the other "inventors" are:
Former Fannie Vice President and Deputy General Counsel G. Scott Lesmes, who provided legal advice on Fannie Mae's debt and equity offerings;
Former Fannie Vice President Robert Sahadi, who now runs GreenSpace Investment Financial Services out of his 5,002-square- foot Clarksburg home;
2008 Barack Obama fundraiser Kenneth Berlin, an environmental law partner at Skadden Arps;
Michelle Desiderio, director of the National Green Building Certification program, which trains "green" monitors;
Former Cantor Fitzgerald employee Elizabeth Arner Cavey, wife of Democratic donor Brian Cavey of the Stanton Park Group, which received $200,000 last year to lobby on climate change legislation
-------------------------------------------
Something is beginning to smell like dead, rotting fish, eh?
Amos
F
feral
I don't use a SS#, pay taxes or drive and haven't since the early '90's.
So they may have my SS# that was issued when I was born, but it's useless if not being used.
They still lay claim to your ass, since you were issued an SS. And because you did receive an SS, you legally agreed to the ownership.
I just wanted to bring that to your attention since your blissfully ignorant to what and who britain controls and who has kicked whos ass.
Im sure you being pointed out as wrong will irritate you and you will call me a troll. thats what im here for.
I just wanted to bring that to your attention since your blissfully ignorant to what and who britain controls and who has kicked whos ass.
Im sure you being pointed out as wrong will irritate you and you will call me a troll. thats what im here for.
F
feral
SS numbers are issued when your born. Under the LAW a minor CANNOT agree/negotiate/etc. to a contract contrary to what you beleive.
BUT this is O/T to the original post. If you wish to discuss this PM me or start another thread. I would like to see the proof of this. Hell I've had people looking for years for me and can't find me because I have nothing for them to follow me on. I live under the scope so to speak. The less you have and comply with the harder for them to find you and take what is yours.
Under the LAW a minor CANNOT agree/negotiate/etc.
If you had ever done any trust, corporate or estate legal research you would know how far that is from reality.
I dont really feel like digging up the proof anymore, been there done that, got the Tshirt.
I just wanted to plant the seed so if anyone really wants to look they will be pretty amazed.
The people that have been looking for you just werent very skilled.
And on that topic let me ask you, Do you have any pets?
If your pet has ever been to the Vet, its the easiest way to find you.
If you had ever done any trust, corporate or estate legal research you would know how far that is from reality.
I dont really feel like digging up the proof anymore, been there done that, got the Tshirt.
I just wanted to plant the seed so if anyone really wants to look they will be pretty amazed.
The people that have been looking for you just werent very skilled.
And on that topic let me ask you, Do you have any pets?
If your pet has ever been to the Vet, its the easiest way to find you.
F
feral
kaiser_soze
Member
I dont think there is any conspiracy here.
HillBillMt
Member
goldman sacs sells 4,680,000 bp stock one week prior to rig fire... hmmm, seems to have saved them 96 mill so far... hmmm .. wheres my rope, 
Last edited:
Guido Sarducci
Member
Or...you could just click here:
http://www.bp.com/genericarticle.do?categoryId=9033572&contentId=7062605
and get the same feed...
http://www.bp.com/genericarticle.do?categoryId=9033572&contentId=7062605
and get the same feed...
A
Amos Moses
In all honesty, I really don't know if a conspiracy exists. If there is one, I'm sure nobody that is part of it would say a word.
You have to admit though, there sure are enough actual connections between Obama and his friends to the CCX, Goldman Sachs, Al Gore, George Soros and BP to make you really step back and pause for a moment.
The connections of Rahm to Freddie and Goldman and Obama are another one.
Have you ever wondered why the news media has been MIA on all of these issues? You know in your heart that if this were GW and his cronies there would be blood on the streets!
Y'all watch yer butts now!
Amos
You have to admit though, there sure are enough actual connections between Obama and his friends to the CCX, Goldman Sachs, Al Gore, George Soros and BP to make you really step back and pause for a moment.
The connections of Rahm to Freddie and Goldman and Obama are another one.
Have you ever wondered why the news media has been MIA on all of these issues? You know in your heart that if this were GW and his cronies there would be blood on the streets!
Y'all watch yer butts now!
Amos
- Status
