Bankers plot ways to get paid carbon credits for emissions they might have emitted, but didn’t

 

Bankers Find Way to Claim Credit for Avoided Emissions

https://www.bloomberg.com/news/articles/2024-12-03/bankers-to-start-including-counterfactuals-in-carbon-accounting

By Jo Nova

What other industry gets paid for what they could have done, but didn’t?

The carbon market is the perfect scam-quasi-tax currency for our banker overlords. They were always trading reductions in an invisible gas, now they’re trading reductions from an imaginary increase that may never have occurred.

Carbon credits were always atmospheric nullities that “might theoretically change the weather”. Now they’re even less real…

It’s a nice gig if you can get it. This elastic game can expand to cover as much of the economy as feasible. The bankers payout is limited only by how much they can squeeze out of their political vassals. Homeowners will not get a “carbon credit” for turning a heater off that they might have left on, or for not-buying a second-hand Dodge Challenger Hellcat. This is a game only the uber rich money-changers can play. The Blob has effectively set up a secondary fiat currency in the world that has a Byzantine web of rules that they control but has no physical products for delivery.

As Steve Milloy says — Coming soon: Unending bank climate fraud

Bankers Find Way to Claim Credit for Avoided Emissions

Bankers will soon be able to claim credit for emissions they say their financing has helped avoid, as the world’s largest voluntary carbon accounting framework for the finance industry works on broadening standards.

Under the approach, banks can assume a counterfactual scenario in which emissions remain elevated, and contrast that with the CO2 avoidance their loans or bonds enable, according to the Partnership for Carbon Accounting Financials.

Note the galactic size:

PCAF’s proposed standards are part of a larger package of changes and additions that will result in at least 90% of assets under management globally being covered by the carbon accounting system.

Why stop at 90%? When will it end?

The idea came from the Monster Banker Cartel, so we know it will benefit the bankers:

The Glasgow Financial Alliance for Net Zero, the largest finance sector climate coalition, introduced the idea of a new metric last year to drive transition finance, calling it expected emissions reductions (EER). The basic principle is that finance firms compare the emissions associated with the entity or asset in a business-as-usual scenario with those achieved if that company implements a science-based transition plan, or if a polluting asset is eventually shut down. The so-called delta is the EER.

Of course, companies drop inefficient products in favor of better ones all the time, but now, they’ll be able to say they’ve reduced the emissions they expected to have, and thus earn some carbon credits that they can sell to some other sucker, or use to offset their charter jet flights to Azerbaijan.

This will work best for corporate behemoths who can afford to pay “climate lawyers” to fill in the forms, and “climate lobbyists” to bend all the rules to suit themselves. It’s another tool to make life harder for small businesses and customers but easier for the Big Guy.

Note there is another monster banker cartel called PCAF — in this case with assets of $92 Trillion.

PCAF was created by Dutch financial institutions during the 2015 Paris Climate summit to encourage banks and investors to play their part in delivering a transition to a low-carbon economy.

Since then, the number of financial institutions committed to or already applying its accounting methods has climbed to more than 550, with combined financial assets of $92.5 trillion, according to PCAF’s website.

It’s time for a monster round of Anti-Trust suits.

Thanks to Tom Nelson and @JunkScience

 

9.8 out of 10 based on 94 ratings

82 comments to Bankers plot ways to get paid carbon credits for emissions they might have emitted, but didn’t

  • #
    Peter C

    Trump pulls America out of the Paris accords on 20 Jan 2025.
    Then a lot of things will start to happen. Hopefully a monster round of anti trust suits is part of the process!

    490

  • #
    Eng_Ian

    Why aren’t the ‘legitimate’ claimants of these funds up in arms about these payment requests for NOT doing something. Maybe it’s because they are on the same gravy train and if anyone rocks the boat the whole lot might just be exposed to the public for the rort that it is.

    What’s the long term plan here, no food, no services, no utilities? If there is a government plan behind this, something that can be expressed in a few paragraphs, then it’s time for it to be published.

    Let the people see what the government ultimately wants you to endure. Let’s see them try to sell that journey prior to the next election. A change of government from one uniparty to the other is not going to fix this. It’s time for real change.

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    • #
      Tel

      They all know it’s nonsense … there is no long term plan.

      60

    • #
      Bushkid

      Look into the detailed planned timeline of the Sustainability Goals.
      That lays out how the effetes (maybe not quite an accurate description, but I refuse to call them “elite”) plan to restrict our lives over time.
      They have a plan to restrict how many items of new clothing you will be permitted to buy each year, how many times you can travel by air, how much meat you should be allowed to eat etc. Old Klaus has even laid out how many times you should be able to wash which items of clothing; if I can find that reference I’ll post it. I saved it a while ago.
      That people to voluntarily accept this level of intrusive restrictions on their lives is hard to believe. That would take either incremental restrictions coupled with manufactured shortages that accelerate to the point of overwhelming public resistance; or it will take serious violence on the part of government or outside players.

      40

  • #
    David Maddison

    After TRUMP liberates his country from the Paris Accords, I wonder if the more fanatically woke countries like Australia, itself an insignificant “carbon” (sic) producer, and likely a net “carbon” (sic) sink will redouble their obsession with reducing “carbon” (sic) emissions and subsequent self-destruction?

    Meanwhile, the world’s largest carbon dioxide producer, China, with more than twice the emissions of the next biggest emitter, the United States, continues to rapidly increase emissions and continues to build two coal power stations per week without limits (not that CO2 emissions matter).

    461

    • #
      Graeme No.3

      I’ve just done a spreadsheet on those (after Trump exits the Paris Accord) which calculates that those countries that want to reduce their emissions are emitting 11.2% whereas those not doing anything about reductions are responsible for 85.7% of emissions. (slight errors as there are lots of minor emitters e.g. Saint Helena/British Virgin Islands etc.)

      80

  • #
    Another Delcon

    The whole climate thing has become a parody of itself .
    There has never been a explanation of the process by which extra CO2 can change the temperature . Thousands of years ago when CO2 levels were much higher than now there was no overheating and in some cases it was cooler .
    This nonsense is all based on baseless assertions , biased computer models that still can’t predict the weather in 2 days time , and doctored temperature records .
    The whole thing is a hoax and should be shut down .
    We just need a strong , NON-corrupt government .
    There is a DA for a proposed 6.3MW ” solar farm ” and 11MW battery , just down the road from us . Still researching details .
    https://wagga-web.t1cloud.com/T1PRDefault/WebApps/eProperty/P1/WWCustom/Applications/DocsExhibition.aspx?r=WW.P1.WEBGUEST&f=WW.P1.EPR.DOCEXHIBIT
    available to view until 16th December .
    https://greengoldenergy.com.au/
    https://www.zoominfo.com/pic/green-gold-energy-pty-ltd/456563066
    This despite a glut of solar ?

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    • #
      Neville

      Another Delcon I hope this doesn’t go ahead because at best it will generate electricity for just 15% of the time and will end up in landfill after 15 to 20 years.
      Why are we still wasting billions of $ on these toxic disasters and only have erratic electricity and for zero change to the weather or climate?
      But China and Russia will be very pleased.

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    • #
      RickWill

      This despite a glut of solar ?

      There is no glut of dispatchable generation. A fully charged 11MWh battery could return almost $200k per day serving the evening peak in NSW on good days.

      Today, you would need to decide if you dump you charge into the evening peak which might earn $10k or wait till the looming early morning shortage and get $100k.

      The battery should cost around $5M so would only need 254 good days to pay for itself. A poor day would be around $3k so about 5 years if there are no more good days (unlikely).

      56

      • #
        Peter C

        I think Rick’s comment has been misunderstood by red thumbers

        40

      • #
        Another Delcon

        Rick , I think that things are not as simple as some would hope .
        Firstly – There IS a glut of solar :
        http://nemlog.com.au/gen/region/nsw/
        Just have a look at the huge lumps of unwanted solar in the middle of the day during a dip in demand , which disappears just before the peak in demand of the evening .
        Using environmentally damaging batteries to shift that energy from midday to the evening is not a good solution . That those rent-seekers who run those subsidy farms can make big money the way they do just proves how broken the energy “ market “ ( sarc* ) is . * It’s not a real market , it is an expletive ! The best way is to generate the power as it is needed with either Nuclear or coal , both are more environmentally friendly than either wind or solar if you start with the mines in third world countries and follow through to end of life . And MUCH cheaper !
        There are some practical issues with these solar installations which don’t get mentioned .
        This proposal , along with at least 2 other similar ones have to get their power to the grid initially via the Uranquinty Zone substation . The Uranquinty Sub has recently been upgraded and the 2MVA transformers have been replaced with new ones of between 5 and 10 MVA .
        The Burkes Creek Rd solar installation is to feed in via a 22Kv line that probably normally has about 150Kva load ( 3 amps @ 22Kv ) . Probably 10 amp fuses in the dropout . The rural branch line is strung with rusty “ Jap steel “ that was installed about 1955 . If the battery was to discharge into the grid over a 3 hr period it would need about 100 amps to do that . That would burn the line down . Probably also the main line this spur connects to , to get back to the Z Sub .
        The 2 other similar projects have been “ approved “ some time ago but so far haven’t been started .
        Just one of those projects , if it went ahead would max out the transformer at ‘Quinty . There are 2 additional solar projects nearby that are under dispute but I don’t know which Z Sub they would connect to .
        But wait , there’s more :
        The Uranquinty zone sub connects to the “ Southern 66Kv line “ that goes back to the Transgrid transformer in Coplan St in Wagga . The same transformer that the gas fired power station at Uranquinty uses to get it’s power into the grid . This is currently a bottleneck as already the power station is sometimes constrained from generating ( even though it is needed over East ), partly because other solar installations in the broader area also have to squeeze through here to get back to the main load which is on the other side of the great divide .
        Turning the existing grid inside out to accommodate what is in many ways a stupid idea is stupid squared !

        50

  • #
    Neville

    Sooner rather than later we’ll need to see some very strong action against the banks etc and this will probably come from the Republican states and Trump at the Federal level.
    These big money lenders and climate con merchants will have to be tamed or life will be much more difficult for the average voter across the OECD countries.
    And hopefully the voters will start to change, but how long before they start to wake up?

    230

    • #
      czechlist

      Perception is reality. Checked your investment portfolio lately? I know people who check theirs’ several times each trading day. The financial industry has investors focussed on immediate returns that they are oblivious to the chicanery in the background. Most are invested in some type of mutual funds and have little or no awareness of what their investments are funding
      e.g. How many are mournful and complaining about the cost and suffering in Ukraine while
      joyful at the increase in their 401k?
      Avarice and ignorance are ubiquitous.

      50

  • #
    Kalm Keith

    As Jim said on the previous thread; it’s time to put an end to this abuse of taxpayers trust.

    https://www.joannenova.com.au/2024/12/renewables-star-state-urgently-wants-to-force-two-diesel-plants-back-to-stop-blackouts/#comment-2817245

    When all is said and done the dangerous CO2 basis for all the abusive activity by pollies is not only incorrect, it’s deliberately incorrect, and this deserves la punition.

    It’s not an innocent mistake and perhaps Madame G should come back to make the point.

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    • #

      ” . . perhaps Madame G should come back to make the point.”
      Some may think it more fun with multi-pronged manual hay-tossing tools …

      Auto, just observing.

      30

  • #
    Dennis

    06:43 PM ET 02/10/2015
    Economic Systems: The alarmists keep telling us their concern about global warming is all about man’s stewardship of the environment. But we know that’s not true. A United Nations official has now confirmed this.

    At a news conference last week in Brussels, Christiana Figueres, executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.

    “This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,” she said.

    Referring to a new international treaty environmentalists hope will be adopted at the Paris climate change conference later this year, she added: “This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model for the first time in human history.”

    The only economic model in the last 150 years that has ever worked at all is capitalism. The evidence is prima facie: From a feudal order that lasted a thousand years, produced zero growth and kept workdays long and lifespans short, the countries that have embraced free-market capitalism have enjoyed a system in which output has increased 70-fold, work days have been halved and lifespans doubled.

    200

  • #
    Robert Swan

    banks can assume a counterfactual scenario in which emissions remain elevated…

    Ah, the amazing powers of modelling alternative realities. There’ll be good money to be made in that field:

    Barrister: My lord, my client admits that he drove his vehicle into the rear of Mrs Jones’s car, killing the unfortunate Mrs Jones and her infant son. However, my client has employed a counterfactual modeller who has determined that Mrs Jones would have had a grandchild who would become an arch-terrorist and would have been responsible for the deaths of millions. Those lives have been saved by my client.

    Judge: Very good. Case dismissed, and a commendation to your client.

    290

  • #
    Ross

    They say science advances one death at a time. Maybe it will be the same for the climate banking blob, which is influenced by politics. I’ve been actively consuming the whole Climate change debate since the early 1990’s. Back then there was still some real science debate involved. Then that great American Southern blowhard Al Gore came along and he realised he could ascend to the US Presidency based upon the debate around the subject. Very nearly did. That was 30 years ago. Hence, the great AGW tanker ship is going to take maybe a similar time to turn around. I think Trump this time will help big time, but there’s too many entrenched financial interests at stake here. Follow the money always. For me it’s not about the science anymore, you have to not only reverse politics but also significant financial interests.

    230

  • #
    TdeF

    A lot of Carbon Credit Cash went to China for hydro which they were building anyway, but the story was the saving on the coal fired power plants they could have built but didn’t. So the one country which is close to exceeding all other countries combined is being sent our cash for their heroic efforts in reducing CO2.

    And under our new 35% CO2 law we are forcing our 250 ‘biggest polluters’ to contribute more cash, money stolen in turn from all Australian consumers without our knowledge. Like all carbon credit schemes, silent theft. Government crafted, legislated and policed. None of it mandated at an election or noticed by the press. no one seems to know who is paying for all those windmills? We pay for them and we pay again for the ‘free electricity’ and we give the ‘owners’ a total tax break on the income. Windfall politics with Chinese windmills and solar panels.

    310

    • #
      David Maddison

      And the fake conservative Liberal Party faction of the Uniparty goes along with this.

      If he had a clue, Dutton would come out and tell the truth about this fraud.

      Instead, Dutton is a True Believer.

      Admittedly he wants to commission nuclear power but that will be too little, too late.

      Realistically, remember we are talking about Australia, the “can’t do” country. How long do you think it would take to get approval for six nuclear reactors or even just one?

      If a decision was made TODAY I doubt Australia could have a nuclear power reactor delivering power to the grid in less than 15 to 20 years.

      Australia won’t exist as a viable country in 15 to 20 years as our electricity grid continues to be dismantled. There will be nothing left worth saving and in any case the country will be bankrupt and unable to afford one or six reactors.

      In 15 to 20 years, households lucky enough to have rooftop space and a safe location for lithium batteries away from the house will be living off-grid. Those forced into shoebox size apartments by government policy will have severe power rationing, enough for a bit of nightime lighting, once a day use of a small electric cooking appliance for ten minutes and a computer device like a tablet for you to receive government propaganda and to monitor you.

      150

      • #
        TdeF

        One new big HELE coal plant would fix the grid.

        But all politicians agree that Coal is evil. Or they are too scared to say otherwise.

        It’s the parable of Henny Penny/Chicken Little. The lie is so big that people cannot believe it is a lie.

        190

  • #
    Neville

    Andy May looks at CC over thousands of years and the loss of millions of lives during those very tough times.
    Of course many donkeys want to return to the pre industrial era and the colder LIA.
    Today most people have enough to eat and very few die from starvation caused by droughts and floods etc and only a small minority have to endure hard physical labor, at least in OECD countries. In 1770 most people had short and brutal lives and life expectancy was about 28.5 years, while today the 8.1 billion people have an average life expectancy of about 73 years. And much higher in most OECD countries, see OWI Data

    https://wattsupwiththat.com/2024/12/03/climate-change-over-the-past-4000-years/

    50

  • #
    Mike Jonas

    Bankers? The correct term is banksters.

    70

  • #
    Neville

    Victorian upper house Libertarian MP David Limbrick makes sense with his talk about energy, but I’m not convinced about Japan’s Victorian Hydrogen adventures.
    But good to see him rip into the clueless Vic Greens.

    https://www.youtube.com/watch?v=bZofVkHPPTI

    30

  • #
    STJOHNOFGRAFTON

    Banks have become the enemy.

    80

  • #
    David Maddison

    It’s a perfect scam.

    You “create” a non-physical non-product out of nothingness and get to charge for it.

    It’s all book keeping entries based on nothing. No generation of wealth, no hard work, no manufacturing of useful items.

    In fact, it’s a net drain on society’s wealth, just like the whole anthropogenic global warming fraud. Why can’t people see that, present company excepted?

    160

  • #
    Anton

    A decade or two ago various versions of this letter were doing the rounds in the UK…

    Dear Secretary of State,

    My friend, who is in farming, recently received a cheque for £3000 from the Rural Payments Agency for not rearing pigs. I would now like to enter the business of not rearing pigs.

    In your opinion, what is the best kind of farm not to rear pigs on, and which is the best breed of pig not to rear? I want to be sure I approach this endeavour in keeping with all government policies, as dictated by the EU under the Common Agricultural Policy. I would prefer not to rear bacon pigs, but if this is not the type you want not rearing, I will gladly not rear porkers. Are there any advantages in not rearing rare breeds such as Saddlebacks or Gloucester Old Spots, or are too many people already not rearing these?

    Would you please also pass this letter on to the Department for Business and Enterprise, which I understand provides start-up grants for small businesses?

    The hardest part of this programme would appear to be keeping an accurate record of how many pigs I haven’t reared. Are there any Government or Local Authority courses on this?

    My friend is very satisfied with this business. He has been rearing pigs for forty years or so, and the best he ever made on them was £1422 in 1968. That is until this year, when he received double that for not rearing any.

    If I get £3000 for not rearing 50 pigs, would I get £6000 for not rearing 100?

    I plan to operate on a small scale at first, holding myself down to about 400 pigs not raised, which will mean about £24,000 for the first year. As I become more expert in not rearing pigs, I plan to become more ambitious, perhaps increasing to, say, 40,000 pigs not reared for my second year, for which I should expect about £2.4 million from your department. Incidentally, I wonder if I would be eligible to receive tradeable carbon credits for all these pigs not producing harmful and polluting methane gas? Or for trees on my farm which I do not cut down?

    A further point: these pigs that I plan not to rear will not eat 2,000 tonnes of cereals. I understand that you also pay farmers for not growing crops. Will I qualify for payments for not growing cereals to not feed the pigs that I don’t rear?

    I am also considering the “not milking cows” business, so please send any information you have on that too. Would you please also include the current DEFRA advice on set-aside fields? Can this be done on an e-commerce basis with virtual fields (of which I can readily set up several thousand hectares)?

    In view of the above you will realise that I shall be unemployed. I understand that the government now pays people not to work. I shall be not working for only a few hours in the first month, but would intend to not work for progressively longer as the number of pigs I don’t rear increases. Can the unemployment benefit be linked to my hours of not working, or to how hard I don’t work?

    Yours sincerely

    320

  • #
    Neville

    Again, we’ve been told repeatedly that we must become a net sink for co2.
    But the CSIRO tells us that the entire SH has always been a net sink of co2 and the NH is a net source.
    Here’s their quote from their Tassie Cape Grim site. So where are our reparations payments for the last 230 years?
    This should be worth 100s of trillions of $ today.

    “Seasonal variation”

    “Carbon dioxide concentrations show seasonal variations (annual cycles) that vary according to global location and altitude. Several processes contribute to carbon dioxide annual cycles: for example, uptake and release of carbon dioxide by terrestrial plants and the oceans, and the transport of carbon dioxide around the globe from source regions (the Northern Hemisphere is a net source of carbon dioxide, the Southern Hemisphere a net sink)”.

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  • #
    RoHa

    “What other industry gets paid for what they could have done, but didn’t?”

    It used to be common for EU farmers to get paid for not growing crops. Maybe still is.

    And just now the UK govt is paying wind farms to turn off in windy weather.

    But I don’t expect the Australian govt will pay me to turn off my solar power during the afternoon.

    60

    • #
      Ronin

      “But I don’t expect the Australian govt will pay me to turn off my solar power during the afternoon.”

      Why not, big industry gets paid to shut off so why shouldn’t we plebs.

      50

      • #
        Mike Jonas

        We have reached the point that on some sunny days more solar power is being generated than can be used. At those times the feed-in price goes negative, ie, solar panel owners have to pay the grid to take their solar power. That’s not quite being paid to turn solar panels off, but it’s close.

        30

    • #
      ozfred

      But I don’t expect the Australian govt will pay me to turn off my solar power during the afternoon.

      I will settle for them not requiring me to purchase grid energy when my panels are still capable of producing all that I would currently be using. Turn the inverter export connection off, not the conversion of DC to AC.

      20

  • #
    David Maddison

    Remember the “cash for ash” “renewables” scam from Ireland.

    https://en.wikipedia.org/wiki/Renewable_Heat_Incentive_scandal?wprov=sfla1

    The Renewable Heat Incentive scandal (RHI scandal), also referred to as RHIgate and the Cash for Ash scandal, is a political scandal in Northern Ireland that centres on a failed renewable energy (wood pellet burning) incentive scheme that has been reported to potentially cost the public purse almost £500 million. The plan, initiated in 2012, was overseen by Arlene Foster of the Democratic Unionist Party (DUP), the then-Minister for Enterprise, Trade and Investment. Foster failed to introduce proper cost controls, allowing the plan to spiral out of control. The scheme worked by paying applicants to use renewable energy. However, the rate paid was more than the cost of the fuel, and thus many applicants were making profits simply by heating their properties.

    SEE LINK FOR REST

    40

  • #
    David Maddison

    All renewables schemes (i.e. scams) have only two purposes.

    1) Harvest subsidies from hard-working people for the super-rich Elites of the Left.

    2) Destroy Western Civilisation allowing China to become the dominant world power. Australia and many other Western countries have numerous corrupt politicians who are more loyal to China than their own countries and who are assisting in this endeavour.

    TRUMP is America’s and the West’s only hope.

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    • #
      RoHa

      I’m sure the super-rich elites of the Right are not denying themselves the chance to harvest subsidies from hard working people. They never have done in the past.

      Australia’s corrupt politicians are mostly loyal to the USA. Their loyalty to China probably comes second. They sell our land to China, and our souls to the USA.

      05

      • #
        Honk R Smith

        One problem we have is outdated nomenclature.
        The elite class in both Oz and here in the US are still mostly organized under Right and Left.
        Red and Blue.
        Now we have Orange (not the Irish one, the Trump one.)
        Populism.
        Now we have the the laughable absurdity of your ABC guy complaining about Joe Rogan.
        Clueless that Rogan is a trad 90s early 2000s progressive.
        Trump is elected because elites, that still deal both sides of the deck, exposed their insidious corruption, already visible to many with the Carbon Scam … made obvious to the masses with Plandemic.
        To the point that Biden may give Fauci a blanket pardon.
        Gee, I wonder what Dr. Science would need a pardon for?

        The Trump Triumph has reduced the elite to ‘pardoning’ each other for ‘things’ they didn’t do.

        90

      • #
        Brenda Spence

        super-rich elites of the Left….fixed it for you.

        30

  • #
    David Maddison

    What exactly will it take to make the Left realise their huge mistake (those that actually believe in catastrophic anthropogenic global warming, not the actual scammers)?

    Since being a Leftist is a psychological defect, I don’t think they will ever see it.

    A book was written about this madness (liberal means Leftist in American terminology):

    Lyle H. Rossiter, Jr. M.D. et al

    The Liberal Mind: The Psychological Causes of Political Madness

    Book overview

    The Liberal Mind is the first in-depth examination of the major political madness of our time: The radical left’s efforts to regulate the people from cradle to grave. To rescue us from our troubled lives, the liberal agenda recommends denial of personal responsibility, encourages self-pity and other-pity, fosters government dependency, promotes sexual indulgence, rationalizes violence, excuses financial obligation, justifies theft, ignores rudeness, prescribes complaining and blaming, denigrates marriage and the family, legalizes all abortion, defies religious and social tradition, declares inequality unjust, and rebels against the duties of citizenship. Through multiple entitlements to unearned goods, services and social status, the liberal politician promises to ensure everyone’s material welfare, provide for everyone’s healthcare, protect everyone’s self-esteem, correct everyone’s social and political disadvantage, educate every citizen, and eliminate all class distinctions. Radical liberalism thus assaults the foundations of civilized freedom. Given its irrational goals, coercive methods and historical failures, and given its perverse effects on character development, there can be no question of the radical agenda’s madness. Only an irrational agenda would advocate a systematic destruction of the foundations on which ordered liberty depends. Only an irrational man would want the state to run his life for him rather than create secure conditions in which he can run his own life. Only an irrational agenda would deliberately undermine the citizen’s growth to competence by having the state adopt him. Only irrational thinking would trade individual liberty for government coercion, sacrificing the pride of self-reliance for welfare dependency. Only a madman would look at a community of free people cooperating by choice and see a society of victims exploited by villains. [From The Liberal Mind; The Psychological Causes of Political Madness by Lyle H. Rossiter, Jr., MD]

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  • #
    Neville

    The young monk Martin Luther described Rome as a hell on Earth after he witnessed the sins of the city.
    This was in 1510 and within a few years he attempted to start a new church which led to the Protestant Reformation.
    He hated the Catholic Church’s sale of indulgences whereby poor peasants could pay to have a loved one or relative taken out of purgatory.
    I have to wonder how far we’ve come since the 1500s when today greedy bankers try to dream up ways to further indulge themselves and then find new and sinister ways of making more money.

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    • #

      LOL. The CBA just tried it and then had to back track after Public condemnation.

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      • #
        Strop

        They haven’t backtracked on the cash withdrawal fee. They’ve just decided to postpone it.

        We pay a bank fee to access our money electronically at the point of sale. Now they want us to pay a fee to access cash at a branch.
        Basically, put money in the bank and they won’t give it back unless you pay a fee. Or you have to withdraw it gradually over days via an ATM if the amount is more than the daily limit.

        60

  • #
    David Maddison

    Matt Walsh, recently made some comments on what he called “girl math”, the idea that you have saved money by purchasing something on sale, when you would have never purchased it in the first place had it not been on sale. In fact, even at the sale price it cost you money you would have never spent. It seems to be a related concept to the subject under discussion.

    https://youtu.be/TUMgX7-yZZs

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  • #
    David Maddison

    Not only do renewables produce expensive electricity for the purpose of harvesting subsidies, but now th ey are harvesting subsidies for something that doesn’t actually exist.

    60

    • #
      RoHa

      Those are the best sort of subsidies. No downside.

      But I don’t see any chance of me getting my hands on any.

      40

  • #
    MeAgain

    or if a polluting asset is eventually shut down – or in other parlance ‘asset stripping’

    20

  • #
    another ian

    FWIW

    I crossed this to Chiefio

    One reply

    “H.R. says:
    5 December 2024 at 3:47 am
    @another ian – I was going to burn down a forest, set an oilfield on fire, and change my diet to beans and Brussels sprouts, but I didn’t.

    How much do they owe me? I want my money… now!”

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    MeAgain

    https://brownstone.org/articles/decouple-trade-and-ip-protection/ – persisting with IP while pursuing ‘innovation’ in renewables….

    “Notice that free trade agreements never dictate to the developing country that they must respect their citizens’ property rights, not engage in eminent domain, not engage in confiscatory taxation, and so on. So then why do these “free trade” agreements require IP rights to be protected in the developing country?”

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    Tel

    I would like to get paid for staying sober … all offers welcome, please state you terms below. Highest bidder wins.

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    More good news, I suppose: –
    https://uk.style.yahoo.com/most-popular-baby-names-uk-boys-girls-list-102336531.html
    Top boy’s name in the UK for 2023 [ONS, so since it’s ‘Official’, take with a grain of salt] – Muhammad.
    And this has happened in my lifetime.
    And I was offered a ‘consultation’ on this – when?
    And Sir Starmer has doubled down on his pledge to build 1,500,000 houses by the next Election [I missed where he said how this was to be achieved – presumably the details are for the little people to manage]. And we were short of housing 2 years ago – since then we have had some 1,600,000 people [net] come in, most seeking green credits, and a job as a banker, conjuring large amounts of money from taxpayers . . .

    Auto

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      David Maddison

      I believe that has been the top boy’s name for quite a few years now, taking into account a variety of different spellings. By tradition Mohammedans name their first boy by that name.

      Brits didn’t think their country, which brought Civilisation to much of the known world, was worth preserving so now the character of Once Great Britain has permanently changed.

      Sweden is trying to correct their problem by paying migrants about US$34,000, A$52,500 to voluntarily leave. https://m.economictimes.com/nri/migrate/sweden-wants-to-pay-immigrants-up-to-350000-swedish-kronor-to-leave-the-country/articleshow/114206841.cms

      Even paying people to leave will not change the fundamental demographic change caused by many years of open border immigration of people who are frequently unprepared to assimilate, work or accept Western values.

      Charles Martel, Rodrigo Díaz de Vivar, Charlemagne and Vlad Dracula would be appalled.

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    I’ll put this here as there hasn’t been a Thursday or Friday, and it is actually a clarification on #21. Joe Rogan has 3hrs of Mike Benz, who would be the male version of Whitney Webb, with a different angle! He is a real ‘control freak’, in the sense he has immersed himself in that niche for years. I think I saw him on Tucker, and maybe it is just familiarity, but this just lays it all out. He has everything at his fingertips.
    ‘The powers that be’ now define ‘Democracy’ as the Institutions – the government, the universities, the banks, the NGOs, Big Business and the MSM, and that ‘Democracy’ is under threat from the Populous, and elections! Terrorism has been replaced by Populism as the enemy! These institutions have been beavering away for at least 10 years, seminaring, and war gaming how to control the people. He is saying 5 years ago it would have been easier to nip this movement in the bud, now, and after the covid practice run, it will be much harder.
    This is a must keep. I still have an hour to go, and 2 hours at X 1.5 was pretty intense.
    https://www.youtube.com/watch?v=rrJhQpvlkLA&t=114s

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    Interesting there have been no updates since last evening? And no daily?

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      Ross

      Jo’s doing her Xmas shopping.

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        Sorry. Our main large fridge-freezer broke (mice ate the wires and the plastic drip tray above the condenser). I am trying to solve that (which means buying a new one), and buying ice.

        There are no equivalent fridges in WA. Hard to believe. No left hinged 528L bottom mounted less than 85cm wide in SSteel. “January” they say.

        Some days we get reminders we are an outpost of civilization.

        Haha- like finding that “Bi-Rite” sells fridges and the nearest store to Perth is “Cleve SA 1,934km”. The second closest is “Alice Springs 1,990 km. I’ll just pop in…

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    Ronin

    Hope Jo’s ok.

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    David Maddison

    FRIDAY MORNING (AUSTRALIA) wake up music.

    Black Betty, Ram Jam. 1977

    https://youtu.be/I_2D8Eo15wE

    In case you are wondering what the song means, there is no agreed meaning. See https://en.wikipedia.org/wiki/Black_Betty?wprov=sfla1

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    This guy cant come out of this alive. If he gets to court, he would be such a folk hero, the establishment would be severely shaken.
    https://www.youtube.com/watch?v=0faAKxyXQ7c&t=70s

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    STJOHNOFGRAFTON

    The Green Energy Apocalypse

    Plunging ourselves into extinction.

    Someday our descendants will look back on the Age of Climate Change and marvel how a civilization with so much wealth, scientific knowledge, and sophisticated technologies could have willfully wrecked their economies and plunged themselves into poverty or extinction.

    More astonishing to them, this civilizational suicide had been based on an unproven hypothesis like Anthropogenic Catastrophic Global Warming––the idea that human-produced atmospheric CO2 emissions would destroy their civilization unless fossil fuels, the cheap, abundant energy that created the modern world, were abandoned.

    https://www.frontpagemag.com/the-green-energy-apocalypse/

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      Dave in the States

      the idea that human-produced atmospheric CO2 emissions would destroy their civilization unless fossil fuels, the cheap, abundant energy that created the modern world, were abandoned.

      Cross reference that to beliefs of the Aztecs.

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        Greg in NZ

        SNOW BLIZZARD hit Mt Cook Tuesday, 3 climbers still missing; SNOW BLIZZARD to hit Mt Cook this Sunday with heavy snow, 90 km/h winds, -30 windchill; a 3rd snow storm is expected Wed/Thur as well… Summer, ya gotta love it.

        MetService issues ‘heat alerts’ as downwind east coast towns ‘may’ reach 30C, ie. too hot to snow.

        NZ Climate Change Commission, headed by an ex-bankster, claims NZ isn’t “lowering planet-heating pollution [PHP]” enough, and the $4,000,000,000 we’ve already been fleeced of may not be enough to “do our bit” to slave the panet.

        Aztec or Munted – it’s all the same tribe.

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          Neville

          Yes Greg and Aussies and Kiwis combined only emit about 1.1% of Human co2 and according to the CSIRO the entire SH is already a net sink for co2 and methane and nitrous oxide.
          So where’s our trillions of $ compensation?

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    Neville

    Here’s another way to look at the super expensive toxic W & S disasters with CFs of just 30% and 15%. This is for Australia.
    So for Wind every year you’d only get 3.6 months generation and for Solar 1.8 months.
    Every 10 years W 36 months and S just 18 months electricity generation. Think about it?
    Every 20 years wind just 72 months and solar 36 months electricity generation. And that would be the end of these toxic disasters and then the entire mess would be torn down and buried in landfill forever.
    Anyone still think this is the best way to spend / WASTE trillions of $ for SFA change to CC or weather, or cyclones or temperature or SLR or Polar bears or the GBR or ….?
    Just asking?

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