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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Tuesday, May 5, 2009

Al Gore's "Carbon Trading" Scam Reeks of Who Else? Goldman Sachs

Is there any end to how deep Goldman's claws dig into America? Obviously not.

Via Investor's Business Daily, Al Gore's real objective exposed - should we be all that surprised to find this too reeks of Goldman? Nah:

Last Friday, Gore was the star witness at the hearings on cap-and- trade legislation before the House Energy and Commerce Committee. Blackburn asked Gore about Kleiner-Perkins, noting that at last count they "have invested about a billion dollars invested in 40 companies that are going to benefit from cap-and-trade legislation that we are discussing here today."

Blackburn then asked the $100 million question: "Is that something that you are going to personally benefit from?" Gore gave the stock answer that "the transition to a green economy is good for our economy and good for all of us, and I have invested in it but every penny that I have made I have put right into a nonprofit, the Alliance for Climate Protection, to spread awareness of why we have to take on this challenge."

It's a scheme that will make traders of this new commodity rich and Bernie Madoff look like a pickpocket. The other founder is former Goldman Sachs partner David Blood. [my emphasis]

As Stephen Milloy, author of "Green Hell," points out, Goldman Sachs is lobbying for climate change legislation and is part owner of the Chicago Climate Exchange, where carbon credits from cap and trade would be traded.

"Subprime carbon assets" bwhahahaha. That's classic. Al Gore did not invent the Internet, the Earth is screwed, and everything stinks of Goldman's not-so-invisible hand. Good times! At least we know what sort of "green" our buddy Al is in it for.

Read the full article - click here


Anonymous said...

Today we give thanks to the Russians who opened the worlds eyes to those who want to totally control us and tax the air that we breathe.

Jr Deputy Accountant said...

Amen, Anon! :)

Anonymous said...

Chicago Carbon Market, Al Gore, Goldman Sachs, Cap & Trade, $10 Billion dollars, Fanny Mae, Franklin Raines and oh, yea.....President Obama starting it all by helping start the carbon market in where else? Chicago. It does not take a dumb ass to draw the lines on this Ponzy Scheeme and we the public gets the shaft! Only in America. Stand on guard Comrades!

Anonymous said...

bring down these parasitic bankers and corporations , ban derivates , futures etc make these well educated people earn a living trading the way the stock market was originaly created . These are the people who can do the most to make the world a better place , but instead due to there greed are destroying it.

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