ETS goes down with Goldman Sucks

ETS goes down with Goldman Sucks

Did Kevin Rudd and Penny Wong decide to deep-freeze their emissions trading scheme (ETS), because Goldman Sucks was caught out and charged with fraud?

Remember, Goldman Sucks is the financial power behind carbon trading worldwide:

Goldman owns 10 per cent of Al Gore’s Chicago carbon exchange;
Al Gore’s partners in his Generation Investment Management hedge fund in London are all former Goldman Sachs executives—David Blood, Mark Ferguson and Peter Harris;
Malcolm Turnbull, the man who almost delivered the ETS, by cutting a deal with Rudd without his party’s support, is Goldman Sachs’ main man in Australia.
In “The Great American Bubble Machine” published in the July 2009 edition of Rolling Stone magazine, author Matt Taibbi characterised Goldman Sachs as “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. …

“The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. … They’ve been pulling this same stunt over and over since the 1920s—and now they’re preparing to do it again, creating what may be the biggest and most audacious bubble yet. … the new game in town, the next bubble, is in carbon credits … a groundbreaking new commodities bubble, disguised as an ‘environmental plan,’ called cap-and-trade. The new carbon-credit market is a virtual repeat of the commodities-market casino that’s been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won’t even have to rig the game. It will be rigged in advance.”

The ETS was always a scam, an attempt to create a new global derivatives bubble on a trade in thin air, to replace the derivatives bubbles on real estate and stocks that are imploding.

However, due to the mass strike uprising in the U.S. especially, where white-hot rage is being directed at the Washington/Wall Street nexus by a fed-up population, the authorities have been forced to crack down on the fraud that characterises the entire derivatives-based financial system, and Goldman Sucks has been caught out.

If Goldman goes down, it will take its entire derivatives scam with it.

Today, Citizens Electoral Council leader Craig Isherwood observed, “If Rudd and Wong dropped the ETS because they were afraid of being drawn into another Goldman Sachs fraud, that’s good.

“While they are at it, they should drop all the other financial system frauds which their policies are aiding and abetting—such as the privatisation of public assets and the private construction of infrastructure, which funnels money into banks like Rothschild and Macquarie, or the government manipulation of the property market, through tax breaks, grants and direct investment, which is driving up property prices to support the faked balance sheets of Australia’s major banks.”

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