Tuesday, November 9, 2010

The Global Warming Fraud: R.I.P.: Al Gore's Chicago Climate Exchange Has Died (Finally!)

Global Warming is a complete fraud.  People have been led down the wrong path by very evil corporations, criminals, and a controlled media, by their usage of fear propaganda, into the false belief that we must bring in "Green Taxes" and  "Climate Legislation" to save the planet from ourselves.  

Now with the full exposure of the Intergovernmental Panel on Climate Change (IPCC) fraud and the ever increasing revelations that it is all a massive scam to make rich criminals even more richer, people have awakened and are turning their anger against the scam artists themselves.

One of the biggest corporations that was behind the entire Global Warming scam was the Chicago Climate Exchange, which included the main scam artist behind Global Warming itself, Al Gore.  Now, I want to present the following important article from a fellow  blogger: Poor Richard (Poor Richard's Blog) at www.poorrichards-blog.blogspot.com, that states that the Chicago Climate Exchange has finally (thankfully) died!  Here is that article:

Tuesday, November 9, 2010

R.I.P.: Al Gore’s Chicago Climate Exchange Has Died 

By Greg Pollowitz nationalreview.com

Steve Milloy at PajamasMedia writes:

Global warming-inspired cap and trade has been one of the most stridently debated public policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading – the only purpose for which it was founded – this year.

Although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub of the mandatory carbon trading established by a cap-and-trade law, like the Waxman-Markey scheme passed by the House in June 2009.

At its founding in November 2000, it was estimated that the size of CCX’s carbon trading market could reach $500 billion. That estimate ballooned over the years to $10 trillion.

Al Capone tried to use Prohibition to muscle in on a piece of all the action in Chicago. The CCX’s backers wanted to use a new prohibition on carbon emissions to muscle in on a piece of, quite literally, all the action in the world.

The CCX was the brainchild of Northwestern University business professor Richard Sandor, who used $1.1 million in grants from the Chicago-based left-wing Joyce Foundation to launch the CCX. For his efforts, Time named Sandor as one of its Heroes of the Planet in 2002 and one of its Heroes of the Environment in 2007.

The CCX seemed to have a lock on success. Not only was a young Barack Obama a board member of the Joyce Foundation that funded the fledgling CCX, but over the years it attracted such big name climate investors as Goldman Sachs and Al Gore’s Generation Investment Management.

But a funny thing happened on the way to the CCX’s highly anticipated looting of taxpayers and consumers – cap-and-trade imploded following its high water mark of the House passage of the Waxman-Markey bill. With ongoing economic recession, Climategate, and the tea party movement, what once seemed like a certainty became anything but.

CCX’s panicked original investors bailed out this spring, unloading the dog and its across-the-pond cousin, the European Climate Exchange (ECX), for $600 million to the New York Stock Exchange-traded Intercontinental Exchange (ICE) – an electronic futures and derivatives platform based in Atlanta and London. (Luckier than the CCX, the ECX continues to exist thanks to the mandatory carbon caps of the Kyoto Protocol.)

The ECX may soon follow the CCX into oblivion, however – the Kyoto Protocol expires in 2012. No new international treaty is anywhere in sight.

Read More At The Source nationalreview.com

NTS Notes: Although this article puts some of the blame for the downfall of these scam artists on the economic recession that has gripped the planet, we all know the real facts that people have been awakened to the truth that it was all a massive scam to make these criminals filthy rich!   But in the long run, I for one am glad that the masses have put an end to this fraud, for now....

There is still a strong possibility that even with the failure of the Chicago Climate Exchange that these criminals may still try again to bring in their fraudulent global "Green Tax" system.   It is therefore up to us to stay vigilant and keep a close eye on Al Gore and his criminal cronies for the next while....

More to come


1 comment:

Snowing in the Sahara said...

Another good article denouncing the usual shysters' Global Warming Tax Scam.

"Global Warming and the Undead"