JoNova

A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).


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How Green is Your Bankster? Bank of America spends $50 billion to save the world.

Bank of America Pledges $50 Billion to Combat Climate Change

The unholy alliance between bankers and government is on naked display.

It’s the black hole in the kitchen: huge, obvious, and silent. And boy does it suck. As Climate Depot points out, Bank of America got a $45 billion bailout from the government during the global financial crisis. Now it’s promising $50 billion to “address Climate Change”. How Green is your Bankster?

It’s a feeding frenzy:

The bank’s new initiative includes lending, equipment finance, capital markets and advisory activity and carbon finance, as well as advice and investment help.

Bank of America will focus on promoting energy efficiency; renewable energy, including wind, solar and hydropower; lower-carbon transportation like electric and hybrid vehicles; and water and waste treatment and disposal initiatives. [Capitalgr]

They already spend nearly $20bn on climate and did it four years ahead of schedule. So why not $5obn?

The company has spent $17.9 billion toward its initial pledge, including $8.4 billion for energy efficiency activities, including low-cost loans and grants for retrofitting low-income neighborhoods for energy efficiency. It spent $5 billon on renewable energy projects, including helping the San Jose Unified School District in California to run on solar energy. An additional $1 billion went to consumer financing of hybrid vehicles. [WSJ]

A billion here, a billion there, and soon they’ll be talking real money.

Marc Morano asks “is that more than Heartland spends?” / sarc

Well Marc, says Jo, don’t forget it is spread over 10 years. ;-) It’s only a thousand times the Heartland budget. Expect the guys at DeSmog to immediately set up a Bank-of-America-Secrets site to protest at the evil influence large corporates have over democracy.  SourceWatch will graphically connect Bank of America to scientists, solar companies, wind investors, Green Foundations, donors to the Democrats and on and on into one spaghetti bunker of vested interests. We look forward to it.

Meanwhile the  global carbon market hit $176 Billion in 2011. The bankster-government self feeding loop operates independently but coincidentally in concert with the corporate-media loop:  GE owns NBC, the Weather channel and lots and lots of wind turbine factories.

Any day now, the innumerate chanters of the “Big-Oil Funded Deniers” cult will learn to count past 10, and realize that they’ve been the useful idiots for the Money Masters. And pigs will fly (collect their dividends and end-of-year bonuses).

Does Climate Money matter? Is a monopoly good for a market?

Meanwhile the sleeping public dozes on zzzzzzzzzzzzzzzzzzzzzzzzzzz….

 

 * * *

If you think the public needs to be woken up to the real conflicts of interest,

please support those who work against the billion dollar politico-industrial complex.

Every dollar for truth appears to be worth $1,000 for those pushing a self-serving agenda.

h/t Marc Morano

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How Green is Your Bankster? Bank of America spends $50 billion to save the world., 8.7 out of 10 based on 58 ratings

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66 comments to How Green is Your Bankster? Bank of America spends $50 billion to save the world.

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    Groundhog Day

    Well Jo,
    Those who disapprove of BofA’s behaviour should simply close their accounts, and place funds in financial institutions who apply prudent economic & business practices.
    If enough people do it, BofA would change their tune.
    If I had a BofA account it would be closed ASAP.


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    Oh dear, could have developed a lot of African agriculture with that money. Forgot, us parasites, called humans are secondary in the great scam of things.

    I suspect the FED will be cranking up the printing presses or will it be that new modern sports model? Electronic fiat currency? Like trading in air!


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    Fred Allen

    Don’t forget GE also had a large stake in promoting the change from incandescent to CFL lightbulbs! But that’s just small bikkies right? No one really expects much profit from lightbulbs right?
    From http://www.earth-policy.org/book_bytes/2010/pb4ch04_ss2
    “CFL production in China, which accounts for 85 percent of the world total, climbed from 750 million units in 2001 to 3 billion units in 2007. Sales in the United States climbed from 21 million CFLs in 2000 to 397 million in 2007. Of the estimated 4.7 billion light sockets in the United States, close to 1 billion now have CFLs.”


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    crosspatch

    Recipe for instant success: Select the 50,000 Americans with the longest commute. Give each one $1 million. Bingo, instant carbon footprint reduction.


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    ExWarmist

    Just another set of malinvestments to be unwound as the debt deleveraging goes on.

    Will Bank of America survive the unwinding of the deriviatives mountain. REF: http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html

    (Scroll down – they have the 3rd largest deriviatives exposure of banks in the world – only eclipsed by Citbank and JP Morgan.)

    Bank of America

    Bank of America has a derivative exposure of $50.135 Trillion dollars.

    BofA is sticking the tax-payers with a MASSIVE bill, by moving derivatives to
    accounts insured by the federal government @ total of $53.7 trillion as of 06/2011.
    During 2011-12 BofA has been in need of cash, so Warren Buffett gave BofA $5 billion.
    Same year BofA sold its stake in China Construction Bank to raise $1.8 billion in cash.

    Bank of America paid $22 million to settle charges of improperly foreclosing on active-duty troops
    BofA recruited 3 cyber attack firms to attack WikiLeaks. but the Anonymous hacker group hacked the security firms first.
    BofA was sued for $31 billion in home-loan losses in 2011, the bank is involved in many lawsuits, too many to document.
    BofA also received a SECRET $1.344 trillion dollar bailout from the Federal Reserve.

    Links to the content in the block quote are in the REF.


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    MadJak

    Whats this?

    A Northern Hemisphere bank being reckless with other peoples money through obscure schemes which are far removed from the practice of banking? With some other people footing the bill?

    Surely not. You must be kidding.

    /s


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    connolly

    Thanks for that link ExWarmist. They hope that the ETS will be the next financial bubble – housing gone, IT gone, eurobonds gone. Does anyone notice an ex-Goldman Sachs CEO loitering around this? O yes Malcolm.


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    kramer

    Here’s another $50 billion from Citi used for the same purposes:

    Citi has mobilized over $24.3 billion to date as part of 10-year, $50 billion initiative to address global climate change announced in 2007
    http://www.citi.com/citi/press/2010/101018c.htm

    Interestingly, about a year earlier, Citi was given $50 billion in bailout funds courtesy of US taxpayers:
    http://www.upi.com/Business_News/2009/11/02/Small-business-loans-scarce-at-large-banks/UPI-69151257198709/

    “Citibank, whose parent company Citigroup Inc., accepted $50 billion in federal funds, made eight SBA 7(a) loans in the state in the same period, lending $2.4 million.”

    Do you know what I see here? I see a *possible* scenario where Citi and BofA are sending these billions to developing countries and sticking US taxpayers with the tab. If this is the case, then this is a form of stealth ‘North to South’ redistribution of wealth.


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    Garry Stotel

    This is really sad and scary stuff. In the absence of checks and balances this can, and already is, getting real ugly.

    In the XX century we had Eugenics, Nazism, Communism, all in the space of a few short decades. I believe the AGW theory is the next popular elitist lie seeking control and superiority over the world.

    The public now are sooo complacent, and complacency will cost us all dear – already is.


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    Athlete

    Something tells me that Bank of America’s definition of “The Cause” is slightly different from Phil Jones or Michael Mann’s definition of “The Cause”.


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    With trillions of dollars at stake, no one asks the magic question: What is the Energy Returned On Energy Invested (EROEI) for alternative energies like solar, carbon sequestration, or wind.

    By My calculations, the EROEI for the Livermore Pass Project wasn’t 14.83 as advertised, but 0.29. Wind power is unsustainable.

    Next time anyone proposes a wind farm, ask then for the EROEI using Embodied Energy analysis.


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    Another Ian

    O/T but “How green is your electric care?”

    “Electric Vehicle Mileage Fraud”

    More at

    http://www.coyoteblog.com/coyote_blog/2012/06/electric-vehicle-mileage-fraud.html


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    Ross

    On top of what the banks are doing we have the following reported on WUWT

    http://wattsupwiththat.com/2012/06/12/unfccc-wants-immunity-from-prosecution-prior-to-rio20/

    It is like this whole AGW situation is really a party of scamsters all trying to out do each other with the best and biggest scam.
    In the past alot of these people would have valued their individual reputations but I doubt whether many of them could spell the word now.
    The situation has got so big, widespread and above all intervoven now I struggle to think of how it will eventually fall apart.It certainly has nothing to do with the environmant any more.


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    Grant (NZ)

    One correction I would make – the Bank is not spending the money. They don’t spend one dollar of their own money. They are effectively taking it out of the interest they would otherwise pay to their depositors and are charging higher interest to those who borrow from it for all purposes.


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    Jim2

    GE also owns CNBC. They have a presence in all the right places.


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    Mit Yrennalf

    Carbon Pricing in Australia and Green Tech investment begins in 17 Days….

    WOOOOO HOOOOO

    Who care who’s investing or spending money to clean up our mess it is about time.. Those so called skeptics do not get a say anymore game is over and people are acting on fixing the mes they have made..

    ENJOY


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    Bulldust

    Completely off topic (hey, it’s me), but I thought I’d share my latest brainf4rt. I was reading the following story in The Oz:

    http://www.theaustralian.com.au/national-affairs/treasury/budget-behind-worst-conditions-since-gfc-business/story-fn59nsif-1226393620676
    (Use the usual Google search of the story title and click the link to bypass the paywall).

    Swan and gillard are trying to convince the business community that everything is peaches… hard to explain why all the leading indicators are pointing down then, but hey…

    Then it occured to me that Hollywood is always fond of concatenating names of power couples, so I thought we should do the same with the PM-Treasurer couple … I dub them … /drumroll …

    SWILLARD

    I don’t know, but I think it could catch on…


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    pat

    the banksters got the taxpayer bailouts when the sub-prime bubble burst; the banksters are up to their necks in setting up the carbon dioxide bubble, but it’s always someone else’s money:

    24 May: SustainableBusiness: Goldman Sachs Commits to $40 Billion in Green Economy Investments
    At its annual meeting this week, Goldman Sachs will announce its intention to reduce carbon emissions to zero by 2020 and invest $4 billion a year for the next 10 years in green economy projects, reports Reuters…
    ***A majority of those funds won’t be it’s own, most will come from clients, and Goldman Sachs will set up the deals…
    Last year, when the Dept of Energy awarded its final loan guarantees for renewable energy projects, the $1.46 billion in partially guaranteed loans for First Solar’s Desert Sunlight Project, were to be funded by a group of investors led by Goldman Sachs and Citigroup…
    At the same time, Goldman got an “F” in the latest edition of “Dirty Money,” which rates the largest US banks on financing coal generation (mountaintop removal coal mining and coal-fired power plants…
    http://www.sustainablebusiness.com/index.cfm/go/news.display/id/23728


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    pat

    remember this misleading headline and the 1.4bn tonne emissions gap:

    10 June: Reuters: China Emissions Suggest Climate Change Could Be Faster than Thought
    “The paper identifies a 1.4-billion tonne emission gap (in 2010) between the two datasets…”
    http://www.scientificamerican.com/article.cfm?id=china-emissions-study-suggests-clim

    add on the surplus that exists without the above gap, and tell me how credible any carbon dioxide bubble would be:

    12 June: BusinessGreen: Emissions trading scheme could be oversupplied until 2024
    A surplus of around 1.42 billion emission allowances is predicted by the end of the decade in a report prepared by the Oko-Insitut for campaign groups WWF and Greenpeace and published yesterday to coincide with a meeting of EU environment ministers in Luxembourg…
    http://www.businessgreen.com/bg/news/2183454/emissions-trading-scheme-oversupplied-2024

    name a single MSM which is even mentioning the ongoing frauds and inherent dangers of a carbon dioxide bubble.


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    pat

    Reuters only needs FIVE individuals to craft their latest “let’s blame China” piece on the UNILATERAL, EXTRA-TERRITORIAL money grab by the bankrupt EU:

    12 June: Reuters: Alison Leung and Anurag Kotoky: China ready to impound EU planes in CO2 dispute
    Additional reporting by Tim Hepher; Editing by Daniel Magnowski and Jane Baird
    China will take swift counter-measures that could include impounding European aircraft if the EU punishes Chinese airlines for not complying with its scheme to curb carbon emissions, the China Air Transport Association said on Tuesday…
    A new stand-off looms after EU Climate Commissioner Connie Hedegaard said the carriers would have until the end of this week to submit their data or face enforcement action.
    “Chinese airlines are unanimous on this. We won’t provide the data,” Wei Zhenzhong, secretary general of the China Air Transport Association, said on the sidelines of an International Air Transport Association (IATA) meeting in Beijing…
    EU member states can fine airlines for non-compliance or carry out other reprisals including impounding aircraft.
    “We would not like to see a situation of ‘you hold up my planes and I hold yours’,” Wei said…
    http://www.reuters.com/article/2012/06/12/us-iata-china-emissions-idUSBRE85B09W20120612


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  • #
    John F. Hultquist

    GE and US cable TV operator Comcast announced a buyout agreement for the company on December 3, 2009. Following regulatory approvals, the transaction completed on January 28, 2011. Comcast now owns 51% of NBC Universal while GE owns 49%.
    http://en.wikipedia.org/wiki/NBCUniversal


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    pat

    a thought – is there someone besides jo, who already works so tirelessly, who has the expertise to put up a website strictly for Public Action to kill any ETS.

    i have long ago recommended converting Super Funds (or other retirement funds) to the Cash Option as one such option many have, and China (plus other Countries who are just as angry about the EU’s brazen behaviour) has shown there are other methods, including delaying plane orders worth up to $14 billion from European planemaker Airbus over the row, so we are told.

    we should not be passive in this fight. anyone else got suggestions as to how we can fight back. the CAGW scam is not a left/right scam, so we need to come up with actions that will work no matter who tries to create a carbon dioxide bubble.


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    pat

    headline uses the average, Labor Opposition demands a bigger rebate (LOL), while electricity increases post July 1 are just one tiny factor in rising costs caused by the CAGW scam.

    if anyone does do a website for Public Action, it would be great if it could attempt to include all the funding, bureaucracies, desal plants, etc that have already cost the Australian taxpayers untold billions:

    13 June: ABC: Power pain hits NSW with 18pc price increase
    New South Wales electricity prices are set to rise an average of 18.1 per cent from next month, after a final determination by the regulator…
    IPART chairman Peter Boxall says half of the overall increase is because of rising transmission costs for poles and wires, while the other half is due to the introduction of the carbon tax…
    Household bills for Energy Australia customer will increase by 20.6 per cent, an average of an extra $364 a year.
    Country Energy customers will be slugged on average an extra $427 a year, an increase of 19.7 per cent.
    Integral Energy will be hit by the smallest increase of 11.8 per cent, which translates to an extra $208 a year on average.
    Gas prices are also set to increase, by between nine and 15 per cent.
    Yesterday’s state budget included a $75 rebate to help struggling households with power costs.
    But Opposition Leader John Robertson says the rebate is not enough to off-set rising costs…
    “It’s not going to be enough because Barry O’Farrell’s selling off our electricity generators. That’s going to push power prices even higher,” he said.
    “He’s already increased prices by 18 per cent and if this IPART determination is applied that’s another 20 per cent.
    “That’s 38 per cent in two years and the rebate isn’t going to be enough to off-set the increased costs that are going to be felt right across New South Wales.”
    http://www.abc.net.au/news/2012-06-13/power-pain-hits-nsw-with-18pc-price-increase/4068266


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    Mark D.

    Banks are Fu**ed, markets are Fu**ed, we,? WE are worse off……….

    Unless you are well prepared.

    PS, good luck if you think and believe that governments (and their oversight) will help you.


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    Geoff Sherrington

    Has it not become clear by now that the financial strife of countries is in rough proportion to the enthusiasm with which they discarded old, reliable electricity and spent big on alternative energy?
    Spain is a classic case. Once the shining example of solar and wind power, now broke. Spent too much on windmills, money that went into the pockets of shallow people who would sell the Harbour Bridge to a sucker.
    Germany, now having second thoughts about closing down nuclear, nearly broke. Too many windmills that perform at about 30% of anticipated.
    Not a country, but big enough, California was always strange. Tally ho, alternative energy and electric cars … but … but … why is business leaving California as fast as it can run?
    ………………………….
    Australia, is there nothing more we can do to turn back the carbon tax before the theft starts on 1 July, just over a fortnight off?


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    [...] How Green is Your Bankster? Bank of America spends $50 billion to save the world. [...]


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    Truthseeker

    I just wanted to share this excellent offering from Delingpole about only in America


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    (Attention Mods – If you could, might you post this image here with this comment. I have included the image as a .gif file image) [no probs tony. mod oggi]

    This is way way off topic, (hey, what’s new Tony) but this was just too irresistible to pass up.

    There I was, cruising the sites we have permission from to copy their Posts to our site, and lo and behold this appeared, at a major U.S. site no less, NewsBusters.

    Most sites now have advertisements placed down the sidebars of their sites, and those ads could come from anywhere, and often I’ve seen ads from Australia, and that’s understandable, and I would say it’s a case of ….. ‘insert your own ad here’.

    There it was, an ad for a new course at Adelaide University, and that course is a Master of Applied Innovation and Entrepreneurship.

    Nothing new and sort of what I might expect from them. However, something made my eyes dwell on the ad for longer than the usual microsecond I devote to these ads.

    Then it hit me.

    The guy in the ad is holding forth something.

    It’s a damned incandescent light bulb.

    Can you believe it?

    What a pack of idiots.

    Say, isn’t that the Uni that our own team Maxine has her B.Sc. from?

    Now just so you don’t think I’m making it up. here’s the link to that image.

    This is just classic.

    Adelaide University Masters Degree Advertisement (.gif file image)

    Adelaide University Masters Degree Advertisement (.jpg image)

    Tony

    image


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    Neville

    A bit O/T but this is very mportant.
    There seems to be no stopping Steve McIntyre and this anti hockey stick graph could be his best job yet. Very, very inconvenient truth indeed.

    http://wattsupwiththat.com/2012/06/12/the-longest-most-high-resolution-most-inconvenient-paleoclimate-data-that-hasnt-been-published/#more-65583


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    Juliar

    No wonder guys like Malcolm Turnbull, Paul Keating, John Hewson etc have all jumped on the bandwagon. Plenty of money in it for their back pockets.


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    gallopingcamel

    One by one my friends and relatives have been closing their accounts at Bank of America. Now they are about to drink the Green Koolaid. For me it is the last straw so my two remaining accounts will be closed ASAP.

    This used to be a great bank when Hugh McColl was running it. The fish rots starting with the head.


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    The first question that comes to mind is whether Bank of America is really addressing the issue of climate change, or are they only after extending the cycle until they trample upon someone powerful. Bank of America has been pledging here and there, and in the end, they have been benefitting because of the government bail-outs. There have been discussions going about that this cycle will just repeat itself, and nothing will happen to our community. It won’t go greener; climate change will not be lessened. I hope that this is not true, because if it does, then we have little to no hope of addressing this issue.

    Large companies together with the government can make a difference in this issue, but if all they are after is money, then hope is pretty much lost. They are the ones who should serve as role models since they have greater power. They should be the one making effective measures to see that this problem is solved, but what are they doing? What have they been up to all this time? Are they just sitting there earning and waiting for us to lose everything – loved ones, material goods, and our world? The government and bank should work hand in hand to make projects that actually benefit the society and Mother Earth.


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    [...] How Green is Your Bankster? Bank of America spends $50 billion to save the world. [...]


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  • #

    Just something to add…haven’t been around these parts for awhile. Been up to no good. You’ve most probably seen this here but I will put it up again.

    http://www.youtube.com/watch?v=CZ-4gnNz0vc&feature=youtu.be

    Just replace America with Australia. Still won’t give in, this is wrong and we will get the tax repealed.


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    Kevin Moore

    Electronic fiat currency? Like trading in air!

    When you think about it we are ruled simply by numbers and pieces of paper with those in charge of the system exchanging their interest bearing impossible to repay numbers for real estate and the productivity of those enslaved by the system.

    It’s odd that we give a number on a computer screen a value comparable to real wealth.The Banks create numbers, the borrowers repay with something of substance.

    What is their that could stop the skeptics from starting up a bank and creating electronic digits the same as all banks do – out of thin air?


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    memoryvault

    .
    Good to have you back, Scaper.

    Not a lot happening in your absence – Libs crawling out of the woodwork supporting an ETS – laying the groundwork for Turnbull to replace Abbott the moment Gillard is replaced with Rudd and a snap election is called.

    http://joannenova.com.au/2012/06/gone-feudal-oregon-state-uni-osu-sack-and-attack-skeptics/#comment-7480

    Oh, and you’re probably aware Ms Rinehart got her sweat-shop cheap semi-slave labour Enterprise Migration Agreement passed – can’t have any young Australians quitting their MacJobs and actually learning any real, marketable skills, can we?

    .
    All in all, much of the same old same old.


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    memoryvault

    .
    In theory, nothing as far as I know.

    To be an “official” bank I think you need something like $10 million in liquid assets, but there are plenty of “unofficial” community-based co-ops doing the same thing. In Maleny QLD for instance, a significant amount of local business is done in “Bunyas” (1 Bunya = 1 dollar, no actual “hard” currency, just computer entries).

    It’s been running for at least 20 years that I know of, so it must work at least at some level.


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    Brett_McS

    I would agree, but you must admit that the short term Obama Donation Fund (ODF) Portfolio has had a stellar ROI these last few years. An investment portfolio in ODFs of a few hundred thousand has typically returned multi-millions of dollars in ‘green energy’ grants and subsidies. Can’t argue with that performance!** Contact your broker for more investment information. This can’t last!

    ** Actual performance not guaranteed beyond November this year.


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    MadJak

    Ah Malcolm, the sitting member for G.S.


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    ExWarmist

    Precisely Connolly.

    Once a member of the vampire squid fraternity – always a member of the vampire squid fraternity.

    The financial elite are the primary beneficiaries of any movement to a global ETS.

    Turnbull belongs in the ALP, and I would be happy to see him go there.


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    ExWarmist

    The bubble of the moment is US Treasuries – when that Pops watch out below – also should be very bad news for the UN as the US is it’s primary revenue stream.


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    memoryvault

    .
    Turnbull and his ilk belong in a tumbrel, and I hope to live long enough to be there, knitting.


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    Manfred

    “In the XX century we had Eugenics, Nazism, Communism, all in the space of a few short decades. I believe the AGW theory is the next popular elitist lie seeking control and superiority over the world.”

    “The public now are sooo complacent, and complacency will cost us all dear – already is.”

    Kevin, I’m wondering about this. None of the previous scourges visited upon people by a Ministry-of-We-Know-Best (MWKB) resulted in a rapid democratic reality-check. In fact, it took decade(s) to evolve into a monster, grasping individual lives, liberty and self-determined destiny…and that was without the internet.

    Today, given the substantial increase in population, and complexity, I am inclined to think that we’re not doing to badly in pushing back against the current tyranny of the MWKB. The task is more complex and the social inertia greater, but time discloses the truth and The People are beginning to visualise stark, contrasting choices.

    My concern rests with the doctrine of political correctness that was a superb stage setter, where people were educated to believe that all perspectives assert equal merit, irrespective of evidence or sense. In short, it became impolite to disagree. I think we may have to relearn to stridently disagree, and in addition, relearn the ability to see through emotive smoke screens like ‘Save the Planet’.

    The time it takes to do this, as you have said, has already cost us dearly.


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    Bob Malloy

    The truth about electric cars
    Much has been said and written about the fabulous future awaiting electric cars. Some manufacturers are actively offering some electrical vehicles, others are selling hybrid cars, and a lot of talk goes around about hydrogen cars, fuel cells, and so on. Prompted by the ever increasing prices for fossil fuels, many people are given serious thought to the idea of replacing their present, expensive to operate conventional car by a modern electrical, hybrid or hydrogen-powered “ecological” car. The companies making them are aggressively promoting their products, promising much reduced operational costs, almost complete environmental friendliness, and so on.

    It’s interesting to note that electric cars hit the roads well before gasoline driven cars did. But they fell out of favor, and gasoline won over batteries and all else as the energy carrier of choice. Why? Pure greed and power of the oil companies? Hardly…

    I have kept silent for a long time, but I feel I must now contribute a little bit to public knowledge and clear up some myths and misconceptions surrounding these issues, and de-base the outrageous claims made by manufacturers of electric vehicles! To avoid any misunderstandings, I would like to state that I’m in no way connected to any fossil fuel interests, and that I would like most dearly to see the present cars replaced by something better and more ecological. But I hate seeing ignorant people misled by other, more clever people, who don’t see anything wrong in misrepresenting some facts and in obscuring others, in order to sell their products.

    http://ludens.cl/philo/electric.html


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    Kevin Moore

    It certainly has nothing to do with the environmant any more.

    The Real Julia -

    http://jaimartinkovits.com.au/index.php?option=com_content&view=article&id=51&Itemid=34

    ……

    Labor Has a Cuckoo in its nest -

    http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/gillards_plan_for_power/

    …….

    The Fabian Socialist Contribution to the Communist Advance

    http://www.alor.org/Library/FabianSocialistContributiontotheCommunistAdvance.htm


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    Philip Bradley

    Electric cars were originally a solution for air pollution, but catalytic converters and other emissions controls solved that problem. So, they became a very expensive solution in search of a problem.

    This is why electric cars are pushed as a solution to CO2 emissions, at the expense of much better solutions such as LPG vehicles.


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    Kevin Moore

    Capitalism and Communism are the two wings of the same bird.

    ………Without exploring here the reasons for the relationship between Big Finance and Socialism, it is necessary to stress the fact that the mentality of the financier, particularly the international financier, is quite different from that of those who actually operate the competitive, free-enterprise economic system.

    While many students of revolution and subversion are familiar with the tremendous financial assistance to revolution in Russia by the international financier, Jacob Schiff of Kuhn, Loeb and Co., New York, and his associates, insufficient attention has been directed to the relationship between the same type of financiers and Fabian Socialism.

    In her autobiography, Our Partnership, Mrs. Webb reveals how she and her husband were helped to finance the London School of Economics by the Rothschilds, Sir Julius Wernher, and similar financiers.
    Sir Ernest Cassel, the influential German financier, and associated with Kuhn, Loeb and Co., was the biggest financial contributor to the London School of Economics.
    In 1920 he saved this Fabian enterprise from serious financial difficulties with a donation of £472,000.

    In The Quarterly Review for January, 1929, Professor J. H. Morgan, K.C., wrote:
    “When I once asked Lord Haldane why he persuaded his friend, Sir Ernest Cassel, to settle by his will large sums on . . . the London School of Economics, he replied, ‘Our object is to make this institution a place to raise and train the bureaucracy of the future Socialist State’.”

    It would take a large work to outline the tremendous world-wide influence of the London School of Economics during the time it was dominated by such outstanding Socialists as Professor Harold Laski. Apart from the fact that its teachings have penetrated Universities in all parts of the world, it is interesting to note the number of key Government advisers of the English-speaking countries who were trained at the London School of Economics……..
    http://www.alor.org/Library/FabianSocialistContributiontotheCommunistAdvance.htm


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    Andrew McRae

    Au contraire, faux Flannery.

    People will be inefficiently “fixing” around 5% of 1.5% of 3% of the colourless, odourless, tasteless, invisible, botanically beneficial “mess” that Australia made.

    Your namesake in the USA is completely supportive of such usury and, after being undemocratically installed as Prezident in January, will be moving the USA towards a carbon tax at around the same time that China is due to become the world’s largest economy and continues CO2 emission with a mere $1.50 per tonne in pointless UN fees. Of course, with China being near the beginning of the global supply chain, how could one conscionably charge them any more? We need to save the world, but not if it makes cheap widgets from China more expensive. Funny how the environment is ruined by CO2 for which money was charged but is immune to CO2 vented in vast quantities the old fashioned way.

    But keep up your coy pretense, be carefree, there’s nothing serious happening here. The carbon tax scam won’t disadvantage you at any time in your future. Not at all. The carbon tax is fully sick ay! Chick-chick, boom!


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    Mark D.

    Tim Flannery: Ass Backwords! Just like your understanding of the world.

    Mit Yrennalf = DUMBASS!


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    brc

    Prize idiocy on display here.

    How many power stations will close after the carbon tax comes in? Answer :zero.

    How many power stations have closed (and not been replaced with a bigger one) since the outbreak of global warming scares in the late 1980s? Answer : zero.

    Do you really, honestly think this was ever about reducing co2 emissions? Not that they are a problem anyway, but still…

    Giving money to the government who then gives it back to someone else doesn’t actually change the generation of power, you know. About the only thing it does is close down heavy industry, which then relocates offshore, and continues to do the same thing.

    I wish I was young and naive again. It’s much less of a burden to have a head full of idiotic ideaology and zero brains.


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    ExWarmist

    Look up the meaning of the word “Malinvestment” and then add it to the following sentence “Green technology is a “.

    Have fun – ExWarmist


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    Sonny

    Self immolation is probably the strongest message we could send.
    But I don’t want to die. Lol


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    Llew Jones

    Our business just got this in the mail today from TRU energy:

    Your TRUenergy gas (natural) prices are changing. (letter dated 8 June 2012)

    I’m writing to let you know that your gas prices will increase from 1 July 2012. You’ll find your new prices on the back of this letter…………..

    The increase is largely related to the introduction of the carbon price by the Australian Government on 1 July 2012, as part of their Clean Energy Legislation……….

    Yours sincerely

    Adrian Merrick

    Group Executive Manager, Retail

    Here are the price increases on the back of the letter:

    First 100,000 MJ +9.8%.

    Up to 500,000 MJ +13.2%.

    Balance of MJ +14.1%

    And we were told it was only the big polluters who would pay. Lying bastards.


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    Sonny

    It’s shocks like these that will wake people up faster than ever.


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    Llew,

    this is just a fraction of what will be happening.

    With Natural Gas, be it town gas, or bottled gas, the tax applies (at CO2 X 20) to the suppliers, and they then pass the cost on to consumers.

    Oh, for all you people who like barbecues, be prepared to pay extra when you next fill up your barbecue gas cylinder, (CO2 X 20)

    Anyone thinking of buying a new fridge, (The gas in that is CO2 X thousands) Same applies for new aircon units. Same applies for servicing existing aircon units, both commercial, and for the home. Same applies for car aircon units.

    For anyone who pays rates, be prepared for you rates notices to go up. (Methane in the council landfill tip) and the same will apply for visits to the tip with a bootful of rubbish.

    Watch as Coles and Woolies raise the price of your weekly shop.

    Shop anywhere and the price goes up.

    And on and on and on.

    Then there’s the GST on top of all that.

    Keep in mind also, that the increase is only part of the total, as the Government is giving away credits to the big emitters and they are only passing on what they actually have to pay, rising next year, and the year after and the year after.

    The spin is that the increase only applies to a tiny portion of your residential electricity bill, but the extrapolated cost increases are horrendous.

    Labor thinks that this will be a case of ‘what were we worried about?’

    Just wait until the bovine excrement comes in violent contact with the rotating wind generating machine.

    Tony.


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    CameronH

    If you want to know why the cost of living, as well as the cost of energy, has gone up you only need to go here to see the number of parasitical organisations that are working with the government to interfer with our lives.


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    Llew Jones

    Tony as well as using heaps of piped natural gas for maintaining steel parts being hardfaced at about 850C we use lots of oxy/aceytlene in the application of hardfacing alloys such as Stellite (Co/Cr/W/C). Thus we will get hit with a compounding double cost whammy from the carbon tax.

    Incidentally we are able to beat equivalent imports from Germany and the US on price and significantly greater wear life.

    So much for the the brain dead, industry clueless who run the present federal government and who have sold out their fellow Australians to a half baked science. Too many semi educated lawyers and economists in both parties who let activist climate scientists do their thinking for them.


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    Kevin Moore

    World Citizen Guide to the World Constitution -

    http://www.worldparliament-gov.org/citizen_guide.html


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    ExWarmist

    Hi Llew,

    And how much will your prices have to increase to your customers, and so on, and so on,

    How many jobs will it cost?


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    ExWarmist

    By Zeus – that realy needs wider exposure.

    The hopeless nutters can’t even stay on message?

    And they make claims of Competance???

    Maxine, Silly Fish, Ross – you gotta see this!!!

    ROFL…


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    Angry

    Fabian Society and the London School of Economics……..

    http://www.spartacus.schoolnet.co.uk/Pfabian.htm

    Very frightening stuff!


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