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Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (24866)	6/25/2009 3:38:38 PM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 36917

There is going to be a phenomenal speculative frenzy as Goldman Sachs rides this next speculative bubble for all it's worth. Funny "discussion point" <What are some ways a government could invest the revenue earned from the sale of pollution permits to firms? > The answer is the traditional way, namely pour it down the drain. The chance of a good investment these days is low. So called Health, Education and Welfare gobble most of the money. Debt gobbles lots. Wastrelism takes care of most of the rest; environmental jamborees, development conferences, commissions of enquiry, consultancy, public relations, that kind of thing. What will be funny is when governments realize in a decade or maybe two that they were wrong about CO2 being a problem and not a solution. The whole cap and trade circus will then be dumped as a dumb idea leaving those holding the permits to "pollute" with zero value. The sensible strategy to adopt is to buy some permits now, put the squeeze on CO2 producers, who will be forced to shut down production or waste vast amounts of money on cutting CO2 emissions. That will zoom the price of CO2 emission rights to the sky. As the economy crumbles and the next glaciation arrives, politicians and the public will realize that they are broke, with a wrecked economy and ice up to their knees. They will then dump the cap and trade scam. The suckers who bought at the peak will wish they were as lucky as those who bought houses at the peak on 100% borrowed money who at least still have a warm climate [slightly colder but still warm] so they can sleep in a park with an old sack for warmth. Goldman Sachs, as usual, will have made their money and paid their bonuses leaving the suckers holding the bag. Make sure you sell your CO2 rights at the peak. Mqurice