Hot air trading beats Tulip fraud!
Commendations are due to your brilliant environment writer Graham Lloyd for his A Plus article Going for broke. The Australian 30/8.
Our incipient Carbon Trading scam plainly beats the Tulip bulb sham of 1690 and the Albanian pyramid / Ponzi scheme of 1997.
It seems even those involved in policing it all admit that ''Given the recent experience with corruption, EU negotiators have highlighted the difficulty in policing an open global scheme.''
And worse: this asinine government is unaware that it is plainly our planned involvement with the corrupt European Carbon Trading system that is keeping a floor under the ever - sinking price!
Never mind the lack of a commodity: exactly what are you supposed to deliver to fulfil obligations? Hot air?
Never mind even the lesser – known disasters they glibly create – like farmers being encouraged to grow trees and not cash crops!
There are so many more; yet these twirps gayly contemplate that the sky has not [yet] fallen in!
''Carbon prices on the European exchange have been erratic, if not chaotic. Huge spikes in prices have come crashing back to earth in the wake of the global financial crisis and revelations of corruption and the involvement of organised crime.''
This Labor government feels no obligation to answer the hundreds of questions rational people need to ask.
1997 rebellion in Albania - Wikipedia, the free encyclopedia
Going for broke
Swings and roundabouts in EU carbon price link
Lining up with Europe carries inherent risks
Carbon floor price had to go to protect our economy
- The Australian
- August 29, 2012