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21 August 2009 Thought for the Week:
“The bank [Goldman Sachs] owns a 10 percent stake in the Chicago Climate Exchange, where the carbon credits will be traded. Moreover, Goldman owns a minority stake in Blue Source LLC, a Utah-based firm that sells carbon credits of the type that will be in great demand if the bill passes. Nobel Prize winner Al Gore, who is intimately involved with the planning of cap-and-trade, started up a company called Generation Investment Management with three former bigwigs from Goldman Sachs Asset Management, David Blood, Mark Ferguson and Peter Harris. Their business? Investing in carbon offsets.
Cap-and-trade is going to happen. Or, if it doesn't, something like it will. The moral is the same as for all the other bubbles that Goldman helped create, from 1929 to 2009. In almost every case, the very same bank that behaved recklessly for years, weighing down the system with toxic loans and predatory debt, and accomplishing nothing but massive bonuses for a few bosses, has been rewarded with mountains of virtually free money and government guarantees - while the actual victims in this mess, ordinary taxpayers, are the ones paying for it.
The Big Takeover: The global economic crisis isn't about money - it's about power… The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron — a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers…"
- - Matt Taibbi in “The Great American Bubble Machine” Rolling Stone 9-23 July 2009
EMISSIONS TRADING SCHEME
from David Flint’s Opinion Column:
But even then the government may not be able to put in place an ETS if it does not control a majority in the Senate. This demonstrates the importance of the upper house in our constitutional system.
As Glenn Milne reports in The Sunday Telegraph of 8 August “ETS disillusion and dissolution,” although the government’s ETS framework is based in law, “its real mechanics - what makes it actually work - are based on a myriad of regulation, particularly the most contentious aspects regarding protections for export and job-exposed sectors such as the coal industry.”
According to Harry Evans, the retiring Clerk of the Senate, the Prime Minister could find himself in a situation similar to that of Prime Minister Bob Hawke after the double dissolution in 1987. He prepared to call a joint sitting to pass the Australia Card legislation but in a dramatic day in the Parliament that stunned Hawke and his senior ministers, opposition leader John Howard revealed the Australia Card legislation had a fatal flaw, declaring it ``dead - stone dead''.
“Howard's charge rested on the fact that the ID card legislation required the start-up date for the card to be set by "regulation''. Regardless of any joint sitting of Parliament passing the legislation, this meant the anti-Labor Senate still had the power to strike down the regulation that would be needed to bring the card into law,” says Glenn Milne. The government gave in.
...the legislative framework...
....a double dissolution?
Because of wide media support for an ETS, the failure of much of the mainline media to allow dissenters a voice, and the support in principle for an ETS by the opposition leader and the shadow cabinet, little has been heard about the arguments against an ETS, as well as the costs involved. This may well change in a double dissolution election.
ACM has no position on either anthropogenic global warming or an ETS. Our role is to defend the constitutional system which provides checks and balances against rushed legislation and ensures the people are consulted. The system is designed to ensure an informed vote by the people, and nothing could be more democratic than that.
LOCAL COUNCIL CONCERNS OVER 'FLOW OF FUNDS '
by Betty Luks
The President of the Australian Local Government Association, Geoff Lake, has written to Mr Rudd telling him there is anxiety within local government that the court’s decision could cast doubt on the Federal Government’s ability to provide money directly to councils. Cr Lake says local government would be concerned if any “road blocks” made the delivery of funding from Canberra to the sector needlessly cumbersome. He says if current or future funding is placed in jeopardy it would have serious implications for councils and ratepayers.
Councillor’s short-sighted answer:
Time for local councils to ‘come clean’ ?
He continued: “The scale of the problem in Australia: Australian Banks have a combined exposure of $13,785 Billion (or $13.785 Trillion) to derivatives and other “off balance sheet business” as at 30 June 2008. These are the most recent figures publicly available. Readers can verify these figures by getting a copy of the Reserve Bank Bulletin, September 2008, and look at Table B4, and it is the last figure on the page. The source is credited to APRA or the Australian Prudential Regulatory Authority.”
“Counter party failure:
"Bet the wrong way:
Shouldn’t the next step be along the following lines? The local councils should call public meetings of their ratepayers to discuss constitutional means of implementing a sounder financial system based on Australia’s sovereignty. Jeremy Lee in his paper “A+B – Mending a Mortgaged World” insisted that under the Commonwealth Constitution, Section 51, the clear responsibility belongs to the Federal government AND States via their own State banking powers.
ADVANCE NOTICE: DVD - BORROWING TO PAY THE BANKER ?
Jeremy Lee will be releasing a new DVD within the next few weeks dealing with this absurdity. "Mending a Mortgaged World" addresses the insanity of all nations, including Australia, trying the impossible - to borrow themselves out of debt! In spite of endless conflict and destruction, the haunting idea of peace on earth persists - we KNOW this a world of superabundance!
THE RACIAL DESTRUCTION OF AMERICA
by Brian Simpson
A few years ago the US Census Bureau said that “White” Americans would be a minority by 2050. Now, Whites, said to make up 66 per cent of the US population will be a minority by 2042, swamped by Hispanics and Asians. High birth rates and mass immigration mean that White children will be a minority by 2023, the workforce will be predominantly non-White by 2023 and by 2028 the majority of young adults aged 18 to 29 will be non-White.
My guess is that “White” is defined so broadly by the US Census Bureau, that Whites in the sense of broadly Nordic-Alpine-Mediterranean racial types, are already a minority, especially when illegal immigration is taken into account. At best, I think that by 2023 Whites will be visibly swamped, as Whites are now in, say, some parts of Sydney and Melbourne.
What will America be like when two massive populations struggle for supremacy? And – both populations do not have a sense of collective guilt about the Holocaust. What will that mean?
THE SECRET LIFE OF SWISS PINKOS
by James Reed
Back in the 1970s I read a book entitled “The Secret Life of Plants” which argued that plants may be sentient, despite lacking a nervous system. I thought of this book when I read Jewish philosopher Peter Singer on animal rights: animals have rights and only species-racism prevents us from recognising them.
HOSING DOWN ASIA MANIA
by James Reed
We do not need to spend billions on learning Chinese: behind this is a slave mentality that the mighty Chinese are going to conquer us. What schools need is scientific and technological literacy. More mathematics, less talk, talk, talk. Hard science, physics, chemistry. This will bring national regeneration. The entire Asian language debate is about the terms of Australia’s surrender to Asia.
THIS ONE REALLY DID WANT HIS 'POUND OF FLESH '!
The Brooklyn man arrested for dealing in black-market kidneys was identified to the FBI seven years ago as a major figure in a global human organ ring. Levy-Izhak Rosenbaum's name, address and even phone number were passed to an FBI agent in a meeting at the Roosevelt Hotel in Manhattan by a prominent anthropologist who has been studying and documenting organ trafficking for more than a decade. Nancy Scheper-Hughes of the University of California, Berkeley, was and is very clear as to Rosenbaum's role in the ring.
Her sources include a man who started working with Rosenbaum imagining he was helping people in desperate need. The man then began to see the donors, or to be more accurate, sellers, who were flown in from impoverished countries such as Moldova. "He said it was awful. These people would be brought in and they didn't even know what they were supposed to be doing and they would want to go home and they would cry," Scheper-Hughes said.
The man called Rosenbaum "a thug" who would pull out a pistol he was apparently licensed to carry and tell the sellers, "You're here. A deal is a deal. Now, you'll give us a kidney or you'll never go home.' " Scheper-Hughes felt she had to stop Rosenbaum. She met with the FBI. "I always thought of it as my Dick Tracy moment," she said Thursday.
She waited and waited for something to be done. The FBI may have been following the lead of the State Department, which dismissed organ trafficking as "urban legend." "It would be impossible to conceal a clandestine organ trafficking ring," a 2004 State Department report stated.
Back in Brooklyn, Rosenbaum stayed busy. He was contacted by an FBI informant who introduced Rosenbaum to an undercover agent who supposedly wanted to buy a kidney for her uncle. "I'm doing this a long time," Rosenbaum was recorded saying. The undercover asked how many organs he had sold. "Quite a lot," he answered.
The FBI called Scheper-Hughes, who is putting her findings into the upcoming, "A World Cut in Two, The Global Traffic in Humans for Organs." She asked why they were calling her now! Seven years after her Dick Tracy moment with the FBI at the Roosevelt Hotel, Rosenbaum was finally arrested.
LETTERS: 1... to Israel Shamir
“I am what you call a matchmaker," Rosenbaum is quoted as saying at a July 13 meeting with the two undercover agents. "I'm doing this a long time," the complaint says Rosenbaum told the two agents. He then added: "Let me explain to you one thing. It's illegal to buy or sell organs. … So you cannot buy it. What you do is, you're giving a compensation for the time." As we learn from Liberal Democrat Shadow Home Secretary Chris Huhne that “Britain is setting a shameful new record in anti-Semitic incidents this year,” we also happen to be informed by every press outlet about the massive New Jersey Corruption Sweep: A shocking tale of money-laundering and human organ trading led by a bunch of Rabbis.
The New York Times reports:
And Letter 2… to Wallace Klinck, Canada. Small is beautiful:
Wally responded: The reality of the "mantra" is more aptly stated as "export AND die." Armaments sent against foreign nations are exports which fall in this category. But war provides "work for all" and "profitability" to banking and industry. Anything to serve the moral imperative to "work"!
CORRUPTION OF UNIVERSITIES : REED DEBATE CONTINUES
by James Reed
Ponder this article: “UNE Accused of Allowing Plagiarists to Graduate” The Australian, 29/7/09 p.29. At the University of New England in a masters programme 220 out of 230 theses were plagiarised, “the worst case of plagiarism in Australian history”. The course was attractive to full-fee paying students looking for permanent residence. Most of the students were from India. Material had been copied from a variety of easily identified sources.
Let them stay at home:
It is good news for the poor suffering exploited victims of racism that the Indian student market looks like it is collapsing with a severe fall in applications. (The Australian 30/7/09 p.1) Let us hope that the continual debate about these scams punctures the Indian student market further.
FEMINIST LOBBY AND JOINT PARENTING
by Ian Wilson LL.B.
Both Family Court judge Richard Chisholm, the Australian Law Reform Commission and the Institute of Family Studies are undertaking various reviews of the Family Law system. The Attorney General Robert McClelland cited the case of a three-year old child who was thrown from Melbourne’s Westgate bridge by her father, as a reason for the review.
A hard-left feminist contingent in the Rudd government doesn’t like the shared parenting laws. They want a return of Family Law to the good old days. The Family Law Act is anti-male. Who would want to get married or live in a de facto relationship these days?
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