JoNova

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



The Skeptics Handbook

Think it has been debunked? See here.

The Skeptics Handbook II

Climate Money Paper


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GoldNerds

The nerds have the numbers on precious metals investments on the ASX



When is a free market solution *not* the answer? When it isn’t free.

Profit through regulation of markets

Which caring environmentalists are trying to save the world through carbon credits? That would be the Banksters. Watch how the banks  are working to “fix” the free market, via intervention and regulation, and milk the system to maximize profit. The so called capitalist pigs are really working in the style of the Soviets.

How sick is the EU carbon market? “It’s a dead man walking” according to Johaness Teyssen, chairman of EON.

The price of carbon hit record lows recently:

Carbon permits plunged to a record after European Union data showed emissions from factories and power stations in the region fell more than expected last year amid milder-than-normal weather.

EU carbon for December dropped 11 percent to close at 6.34 euros ($8.45) a ton, the biggest loss since April 28, 2006 on the ICE Futures Europe exchange in London. The previous low was 6.38 euros on Jan. 4. Power-industry emissions dropped to 2009 levels, said Matteo Mazzoni, an analyst for NE Nomisma Energia Srl in Bologna, Italy.

“That is the elephant in the room,” he said today by e- mail. “And then, of course, you have stagnating industrial production.”

But wait. Isn’t “lower industrial [...]

Carbon ship sinking: Barclays bank closes its carbon desk

Gillard once lauded the genius of the carbon market. That part of the “free” market which is free to move, is moving — and right out. The smart money is saying that carbon trading is a dead dog. It’s a has-been-tulip, a sick puppy, a sinking ship.

The future of global carbon trading is so “certain” that Barclays Bank is not even bothering to leave one part time guy in the US office with a post box, so they can pretend they still have an interest in it. The mood has so changed, they see an advantage in letting the world know they’re not wasting a single cent more on carbon trading in the United States of America. Well that made my day. .

“That is not good news for carbon-dioxide trading, especially not in the US,”

Barclays was the first UK bank to set up a carbon trading desk, and fast to move into carbon trading: “Barclays Capital is the most active player in the emissions trading market, having traded some 300 million tonnes as at February 2007″.

Barclays Closes US Carbon Desk In Latest Cap And Trade Setback

[...]

Deutsche Bank — A Wunch of Bankers

Carbon credits: Just another excuse to "print money"

… If this was Exxon pushing a PDF promoting skeptical views, it would be on the front page tomorrow. Where are the front page headlines?

“Bankers feed scare-mongering report”

Instead it’s just Deutsche Bank try to save the world their profit line.

Just in case you are missing your daily dose of being spoon fed propaganda by Bankers who want your money, see Climate Spectator Balancing reason and risk, where Deutsche Bank is helping the skeptics by giving us yet another example of just how desperate they are to get carbon trading running.

Q: When will the bankers worry about whales?

(Ans: When they can trade Humpback Credits.)

The good news is we are getting to them, and we are marking the lines they need to jump over. They now admit it looks bad when they denigrate scientists (they finally “get” that they shouldn’t call scientists deniers):

Although the scientific community has already addressed the sceptic arguments in some detail, there is still a public perception that scientists have been dismissive of the sceptic viewpoint,

Watch how they pretend to care about the science (science-schmaltz), [...]

I was once a Green who believed in man-made global warming

Since time immemorial people have been inventing or exaggerating scares to gain power. I used to think carbon dioxide posed a real threat, and I even used to be an active member of the Australian Greens. Then I discovered all the things we weren’t being told (like this and this), and how much money was involved and I was shocked.

There are many good people among the Greens who will be outraged when they realize how they have been used.

The most selfish aims are always cloaked in “good intentions”

Some Greens really believe a market based trading system is the best way to deal with pollution. But this pollution is not a pollutant,  and this “free market” is not free. Last year the carbon market reached $130 billion dollars. It’s projected to reach $2 Trillion, and you can be sure that “sub-prime” carbon is coming too. The market depends wholly on government mandate; it’s “fixed” from beginning to end. Who would buy a carbon credit if they weren’t forced to? In a free market, no one.

Worse, funneling money through fake markets is like inviting corruption to a three course meal.

[...]

Deutsche Bank *really* wants us to trade carbon

Six months ago, Deutsche Bank was overcome with concern about the planet—bless its soul–and launched this 70 ft. vision of climate doom opposite Madison Square Gardens, New York. You can feel relieved. The bank paid for the carbon credits (no doubt through one of its own funds), so the 40,960 low-energy light-emitting diodes are “carbon-neutral.”

Kevin Parker for Deutsche Asset Management said: “We hope with this sign that it is going to foster a sense of urgency about the problem, raise public awareness, create a need for education and really spur a call for action”

Spurring action indeed. “Sign Copenhagen; Sign Cap N Trade; Give us that $2 trillion dollar market based on meaningless paper permits, and funded by consumers everywhere. Please!”

In a more candid moment, Parker said: “Well, what we’d like to see is a price on carbon. That is absolutely foremost in everyone’s minds involved in the climate change debate. The governments around the world have to get on with regulations…”

Yes, the real agenda is the legislation: forced payments from citizens.  We all know we aren’t going to see the Deutsche Bank Top-Soil Clock coming [...]

Sub-prime carbon is coming

Behind the scenes, large financial houses are moving in stealthily. In 2008, carbon trading worldwide reached $126 billion and is projected to grow to become a $2-$10 trillion dollar market, or “The largest commodity traded world wide”. The largest. That’s bigger than oil, coal, gas, or iron.

Banks want us to trade carbon

[...]

Turnbull awarded Order of the Bankers Prize for 2009

SOURCE: SATIRICAL PRESS. Don’t believe a word.

Malcolm Turnbull, leader of The Australian Opposition has been announced as the outstanding winner of the coveted Order of the Banker.

Victor Mosely, the chairman of the Bankers Awards committee, announced the win this evening, in anticipation of the passing of the Australian Emissions Trading Scheme. “This man has done more than anyone to improve future banking profits world wide”. When pointed out that it was merely an Australian scheme, Mosely replied, that “in the fraught lead up to Copenhagen he has done what no one else could, he’s given us hope.”

Carbon trading in 2008 was a $126 billion market. The CFTC in the United States was forecasting a trillion dollar market by 2012. More than ever, banks need help with their balance sheets, and nothing else will expand the power of financial houses as fast as carbon trading will.

His work in defying science, polls, and any semblance of democracy is really rising above and beyond the call.

[...]

Bankers, lawyers, investors disappointed: shucks

Hopes for carbon hub in jeopardy

The Australian – Full story here.  Note who is protesting at the slow delivery of an ETS….

AUSTRALIA’S ambitions to establish itself as an Asian carbon trading hub risk being dashed because of delays in the emissions trading scheme….

This was the assessment of bankers, lawyers and investors yesterday at the second Carbon Markets Expo on the Gold Coast. The expo has experienced a sharp decline in delegates this year, with numbers down from 1200 in its inaugural year to 750…

“As much as people talk about Australia creating a new carbon finance hub, I don’t think it will happen,” said Optim Legal’s Cameron Kelly, a lawyer specialising in carbon markets and credits. “If the CPRS does not get up, we’ll miss the boat.”

So a lawyer is afraid we’ll miss the boat. Which boat? That would be the boat-full of money from Australian workers that’s headed for major international banks, right?

(Isn’t that the kind of boat we would want to catch, but with a tactical nuclear sub and an armed SWAT team?)

[...]

Six words to expose the scam

After two years of distilling this down, it’s come to me that it only takes six words:

Banks want us to trade carbon

Banks want us to trade carbon.

Years from now historians will write about gullible leaders who go down in history as the ones who sold their nations to Goldman Sachs. Fools who thought they might look important trying to save the planet, but who instead were negligent, ignoring the science and slavishly committing their productive workers to pay tribute to a parasitic layer of financial houses.

Just as Woodrow Wilson came to bitterly regret setting up the US Federal Reserve. Josiah Stamp (1880-1941, Director of the Bank of England) warned us.

[...]

Climate money: Bigger money moves in

Climate Money is poised to rocket—creating even larger pools of vested interests. Once it starts, how could we unwind trillions of trading rights?

Say hello to the real new force in climate science—banks.

The Shadow of Stratospheric Climate Money. Far north South Australia, Aug 2009.

First Up. Governments Up the Ante.

In the 2008-2009 financial year, Bush threw billions on the table with financial rescues and tax credits, only to be wildly outdone by Obama.

The new funding provisions made since the financial emergency of Sept 2008 are not included in the previous table of climate funds that amounted to $79 billion (so far). It’s difficult to assign the rescue package figures into strict financial years—yet the new numbers are titanic, and step right out of the scales drawn on the past funding graphs.

[...]

Massive climate funding exposed

Climate Money

The Climate Industry: $79 billion so far – Trillions to come

For the first time, the numbers from government documents have been compiled in one place. It’s time to start talking of “Monopolistic Science”. It’s time to expose the lie that those who claim “to save the planet” are the underdogs. And it’s time to get serious about auditing science, especially when it comes to pronouncements that are used to justify giant government programs and massive movements of money. Who audits the IPCC?

The Summary The US government has provided over $79 billion since 1989 on policies related to climate change, including science and technology research, foreign aid, and tax breaks. Despite the billions: “audits” of the science are left to unpaid volunteers. A dedicated but largely uncoordinated grassroots movement of scientists has sprung up around the globe to test the integrity of the theory and compete with a well funded highly organized climate monopoly. They have exposed major errors. Carbon trading worldwide reached $126 billion in 2008. Banks are calling for more carbon-trading. And experts are predicting the carbon market will reach $2 – $10 trillion making carbon the largest single [...]

Carbon credits: another corrupt currency?

Carbon credits are a form of fiat currency, yet as calls for carbon trading grow, ironically, another fiat currency collapses—destroying life savings, wiping out jobs, and taking down historic institutions overnight. [...]