Tuesday, Jul 20, 2010

A major cause of budget deficits

Hindustan Times: Carbon trading a front for money laundering

Governments look solely for ways to cut expenditure instead of looking too at increasing tax revenues from the world's tax-avoiding rich - globalisation is a tax-avoidance scheme, e.g. the carbon trading nonsense is becoming a good way for the rich to launder their swag. This will be a massive market in assets that can be securitised and derivatised (e.g. futures contracts to deliver an agreed number of allowances at an agreed price and time), allowing Wall Street et al to speculate, manipulate and game it as with the MBS markets. The financial services industry now has numerous lobbyists working on "climate issues" in order to develop this huge market to their advantage. Meanwhile, back at the Big Society.....

Posted by icarus @ 06:59 PM (467 views) Add Comment

1 Comment

1. Crunchy said...

Good to see you back Icarus, on fine form as usual.

Do the truely rich and influencial involve themselves in such 'swag?' Why never Sir! Just another money laudering activity.

Black ops, black money.

Recaptcha - Lauderdale Lefferts

Wednesday, July 21, 2010 08:51AM Report Comment
 

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