The Back Alley Archives

There appears to be a consistent pattern of overstatement related to Arctic ice loss.

The recent Global Warming conference in Poznan in Poland was visited by 650 eminent scientific minds to refute the very basis of the Global Warming debate. Though Al Gore had said previously that the facts are in and the debate is over, it would seem he has a long way to go before he convinces everybody. The statements of these scientists have been compiled in to a minority report on the U.S. Senate committee on Environment and Public Works.

If we assume that Global Warming is indeed a political potpourri of half truths and lies, then we have to see why so much trouble has gone in to its creation. One simple answer? Money. When we look at the campaign donors to Obama's campaign, you could be forgiven your inevitable cynicism when we see the list contains the biggest players on Wall St.

JPMorgan Chase, Goldman Sachs, Citigroup and Morgan Stanley have already benefitted enormously from the T.A.R.P...
JP Morgan Chase used some of it to buy Washington Mutual for $1.9 Billion and Bear Sterns $1.1 billion. JPMorgan along with Goldman Sachs control the Depository Trust & Clearing Corporation which is responsible for reporting on the derivatives market. Citigroup after receiving Billions in taxpayer money to try and get them out of a hole, have been using the money to create new derivatives that will be overseen by the DTCC. The interdependence between these Wall St. giants and their revolving door with Government power has been amply demonstrated by the policies of Ben Bernanke and Henry Paulson. While there was unlimited money for the banking giants, the taxpayer was ignored and robbed. These are the same players who financed the new administration and packed the ranks of Obama's transition team with its acolytes. Remember Obama voted without hesitation for the Bailout Bill and encouraged his fellow democrats to do likewise. So what does Obama owe his benefactors?

By ignoring the real science and perpetuating Al Gore's fraudulent disaster scenario, Obama has taken up the torch and will carry it high for the profit of those who bankrolled him in to office. It will come as no surprise that Goldman Sachs has bought in to the Carbon offsets business. That is exactly what it has become; a huge business opportunity that will bring enormous potential for profit. The article sums it up quite succinctly "that banks buying into the offsets business could benefit if a federal carbon-trading system took hold in the United States. President-elect Barack Obama favors such a system, but some experts think that the financial crisis will cause Congress to delay passing a cap-and-trade bill." So now we can see the dots connecting between a project which started as a "Save the Planet campaign" to a lucrative business venture. Obama's insistence that Global Warming is top priority only goes to show just how quickly he intends to make good on his deal with Wall St.. Even Al Gore himself has his own investment in the Carbon Trading scam through his firm Generation Investment Management. Everybody except the general public, whose welfare, we are told, is such a top priority, is getting on the latest Investment gravy train. They tapped out the taxpayers by bleeding them until they were dry so now it's time for a new investment opportunity that will cause untold hardship for the poor, impose a tax burden on industries trying to get to their feet after being knocked flat and inject another poison arrow in to the real economy.