Has anyone seen this man?
As I have previously shown, speculative derivatives (especially credit default swaps) are a primary cause of the economic crisis. And I have pointed out that (1) the giant banks will make a killing on carbon trading, (2) while the leading scientist crusading against global warming says it won’t work, and (3) there is a very high probability of massive fraud and insider trading in the carbon trading markets. Now, Bloomberg notes that the carbon trading scheme will be centered around derivatives…
Carbon trading fraudsters may have accounted for up to 90pc of all market activity in some European countries, with criminals pocketing an estimated €5bn (£4.5bn) mainly in Britain, France, Spain, Denmark and Holland, according to Europol, the European law enforcement agency.
The estimate for this Copenhagen Carbon Orgy is 41,000 tonnes of “carbon dioxide.” This is estimated to be more carbon than is being emitted by 60 small countries in one full year.
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The thing to understand about the 12-day UN meeting on climate change starting in Copenhagen today, is it’s not an environmental conference. It’s an economic mugging. . . . They know they will make a fortune brokering carbon trading, at least before the speculative bubbles burst yet again, costing millions more jobs.