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There are only two things in this world that I can't stand...people who are intolerant of other people's cultures, and the Dutch.
  • The Ten Trillion Dollar Per Year Market 26 comments
    Apr 26, 2010 5:52 PM
    If you missed Glenn Beck today, stay up until 1AM and watch the replay.

    According to Beck, Goldman Sachs holds a huge stake in the CCX, the Chicago Climate Exchange.

    Al Gore owns shares. And, then Illinois State Senator Obama was a key player in the establishment of the CCX in 2002.

    If Congress passes cap and trade legislation, all of the above will become true masters of the universe.

    It's no wonder Obama doesn't seem to care about a second term.

    He's a made man.
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  • Mayascribe
    , contributor
    Comments (10502) | Send Message
     
    A triumvirate of (more) evil is about to befall upon us.

     

    Thing is, there are so many pork-laidened aspects of this Cap'n Trade bill that are unconstitutional, the implementation may be stuck in the courts for years. Battle is not over, yet.

     

    Good to hear from you, Hoard!
    26 Apr 2010, 07:27 PM Reply Like
  • yellowhoard
    , contributor
    Comments (1508) | Send Message
     
    Author’s reply » Seriously Maya, check out today's Beck.

     

    You'll freak when you see the details.

     

    Take care buddy.
    26 Apr 2010, 08:39 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5038) | Send Message
     
    Crappin trade: Obama's involvement since 2002 makes everything clear- Now I understand his vested interest and how that is more important than the future of our country and that explains Obama's willingness to accept false science.
    26 Apr 2010, 11:20 PM Reply Like
  • yellowhoard
    , contributor
    Comments (1508) | Send Message
     
    Author’s reply » Obama was on the board of the Joyce Foundation from 1994.

     

    The Joyce Foundation is a secret group of liberal billionaires.

     

    They, with Obama at point, established the CCX as a voluntary exchange for ecologically minded businesses.

     

    When Capintrade is law, businesses will be forced by law to buy an estimated 10 trillion per year in credits.
    27 Apr 2010, 08:34 AM Reply Like
  • ScroogeMcduck
    , contributor
    Comments (515) | Send Message
     
    This financial reform bill is frighteningly similar to Cap n Trade. They both really are a hidden tax on us and give the government control over a huge some of money.
    27 Apr 2010, 09:03 AM Reply Like
  • ScroogeMcduck
    , contributor
    Comments (515) | Send Message
     
    Here's two articles I found about this

     

    www.examiner.com/exami...~y2009m11d17-Watch-the...

     

    www.examiner.com/x-278...~y2009m11d23-Obama-and...

     

    www.chicagoclimatex.co...

     

    Hoard you should notify He-man right away.
    27 Apr 2010, 10:44 AM Reply Like
  • concrete guy
    , contributor
    Comments (165) | Send Message
     
    The Australians just suspended their carbon trading program (scheme), the French have sh1t-canned theirs, Arizona has pulled out of the western states environmental alliance, and the British are on the brink of open revolt over carbon taxation. And the geniuses in congress are feverishly working to finalize an American cap and tax program. November can't get here soon enough.

     

    The good news is that the skeptics have real momentum, and Americans are slowly waking up. People are sick and tired of the fear-mongering and just want to get back to basics (jobs, jobs, jobs).

     

    Good to see you posting here again YH.
    27 Apr 2010, 08:24 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10502) | Send Message
     
    Hoard: I tried to watch GB last night, but the program did not air. Also tried to find it on YouTube, without any luck.

     

    Please shoot me an SA email if you find an edition of the show on the Web.
    27 Apr 2010, 09:44 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5038) | Send Message
     
    try watch glenn beck dot com and click on April 26th, 2010:
    www.watchglennbeck.com/
    27 Apr 2010, 09:48 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (5150) | Send Message
     
    How many Billions can they (the owners of the exchange: Gore, Obama, Soros, Buffett, Goldman, etc) skim in small incremental transaction charges from a volume of $10 Trillion per year? Health care, VAT, and everything else are just smoke to hide the Cap & Trade and grease the skids for passage of what really matters to them: a humungous money vacuum redistributing as much wealth from American to their own personal pockets.

     

    Great post Hoard!
    27 Apr 2010, 10:21 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10502) | Send Message
     
    OG & Hoard: Every voting American should be forced to watch how Beck unveils this diabolical hipocracy.

     

    Not sure you caught this over in chat, Hoard, but a few days ago I wrote about how someday, Uncle Sam intends to force you to have a "house license." This is part of the Cap and Trade bill. This is what I wrote:

     

    Do you hear that rumbling coming from over the hill? Do you hear it?

     

    That's Uncle Sam leading a new mob of civil servants who are going to be coming after your air conditioner, your water heater, furnace, dishwasher, refrigerator, your oven, stove, shower head, even your friggin toilet. They are going to tell you to replace that lightbulb that shines down on your favorite picture. Tell you what lightbulbs you can use in your bathroom, or to illuminate your patio. These civil clowns will have the authority to dictate where you can or can't plant a tree! And speaking of trees they are going to do everything in their power to induce you to upgrade your old wood stove.

     

    Oh, sure, Uncle Sam is going to give you a thirty percent kickback in the form of a subsidy, which all Americans are going to have to pay for. But then, think of all the people who don't have an extra $10,000 or $15,000 or $40,000 dollars to "modernized" all their appliances. That's every home in the US built before 1990.

     

    Health Care Reform is beginning to look cheap!

     

    Time to throw some more tea into the water.

     

    ####

     

    Here's the link to what led me to write the above:

     

    www.nachi.org/forum/f1.../
    27 Apr 2010, 10:37 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (5150) | Send Message
     
    Boy of boy! Am I glad that my house was built in 1991!
    28 Apr 2010, 04:01 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10502) | Send Message
     
    OG: Thanks for the link!
    27 Apr 2010, 10:44 PM Reply Like
  • yellowhoard
    , contributor
    Comments (1508) | Send Message
     
    Author’s reply » The MSM will not advance this story.

     

    It strikes at the very core of their masters.

     

    Everyone here needs to get as many people as possible to view this presentation by Beck.

     

    We are on the edge of the abyss.

     

    Thanks for the link OG!
    28 Apr 2010, 02:15 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (5150) | Send Message
     
    I absolutely agree with Maya and Hoard!

     

    Maya - I already borrowed your idea in a comment on another post. I probably should have asked for you consent before plagiarizing you. But, I just got enraged after reading the article you sent me and felt (as I still do) that this message needs to get out there to as many as possible. With your permission, I would like to continue to raise this issue wherever I can do raise awareness.

     

    OG - Likewise, I hope you will consent to allowing me (and all of us, for that matter) to display the BG link in comments to also encourage greater awareness.

     

    If either of you desire a reference as the source of the original info, please let me know and I'll be glad to comply. This is really, really big and it needs to permeate as much of our society as possible. MSM won't do it, so it's up to the little guys to get the word out the best we can.
    28 Apr 2010, 04:08 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10502) | Send Message
     
    Me too, Mark. Go completely wild! After seeing Beck's show I was so mad I couldn't even spit.
    28 Apr 2010, 06:15 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5038) | Send Message
     
    Mark: You go, man! Spread the truth. Post it friggin everywhere.
    .
    28 Apr 2010, 05:44 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5038) | Send Message
     
    Maya: Snopes on Cap and Trade. That article is false. www.snopes.com/politic...
    28 Apr 2010, 09:25 PM Reply Like
  • Silentz
    , contributor
    Comments (714) | Send Message
     
    Snopes is essential anymore. I see it as my duty to double check any weird sounding email against their database. If it's a hoax, I reply all. I hate that kind of misleading information. It makes us dumber as a whole...
    28 Apr 2010, 10:54 PM Reply Like
  • yellowhoard
    , contributor
    Comments (1508) | Send Message
     
    Author’s reply » Go Mark!

     

    Tell ten people and tell them to tell ten more.
    28 Apr 2010, 09:32 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6783) | Send Message
     
    "Go tell it on the mountain,
    Over the hills and everywhere."
    4 Jun 2010, 06:55 PM Reply Like
  • Mayascribe
    , contributor
    Comments (10502) | Send Message
     
    Thanks, OG. I thought that was unconsitutional. I hate the Internet! Bums!

     

    Also, thanks for a new favorite site!

     

    Mark will be very relieved.
    28 Apr 2010, 09:34 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (5150) | Send Message
     
    Following are some sections from the Library of Congress on HR 2454 (Cap & Trade Bill passed by the House and being considered in the Senate).

     

    (Sec. 202) Requires the EPA Administrator: (1) in consultation with the Secretary, to develop and implement standards for a national energy and environmental building retrofit policy for single-family and multi-family residences; and (2) in consultation with the Secretary and the Director of Commercial High-Performance Green Buildings, to develop and implement standards for a national energy and environmental building retrofit policy for nonresidential programs. Declares that: (1) programs to implement such standards shall together be known as the Retrofit for Energy and Environmental Performance (REEP) program; and (2) the purpose of REEP is to facilitate the retrofitting of existing buildings to achieve maximum cost-effective energy efficiency improvements and significant improvements in water use and other environmental attributes. Requires the EPA Administrator, in consultation with the Secretary, to establish goals, guidelines, practices, standards, and specified program elements for accomplishing such purpose.

     

    Requires the EPA Administrator to: (1) consult with and coordinate with the Secretary of Housing and Urban Development (HUD) in implementing the REEP program with regard to retrofitting of public housing and assisted housing; and (2) establish standards to ensure that retrofits of public housing and assisted housing funded are cost-effective.

     

    (Sec. 204) Requires the EPA Administrator to: (1) establish a building energy performance labeling program with broad applicability to the residential and commercial markets to enable and encourage knowledge about building energy performance by owners and occupants and to inform efforts to reduce energy consumption nationwide; (2) develop model building energy labels for new residential and commercial buildings; and (3) conduct building energy performance labeling demonstration projects for different building types.

     

    (Sec. 311) Amends the CAA to require the EPA Administrator to promulgate regulations to cap and reduce GHG emissions, annually, so that GHG emissions from capped sources are reduced to 97% of 2005 levels by 2012, 83% by 2020, 58% by 2030, and 17% by 2050.

     

    The last one will be nearly impossible, IMHO, to achieve without significant expenditures, both public and private. My read on this thing tells me that the government is going to be providing incentives to achieve improvements. Initially, incentives will be in the form of tax credits for homeowners. The one provision that really worries me is section authorizing EPA to provide funding to local Code Enforcement Offices (up to $1 million per jurisdiction). This will cut both ways. It will help identify homeowners who have been ignored maintenance. It will also require the poor to move to more expensive housing options when either they or their landlord isn't financially or morally capable of retrofitting the residence. There is also a section that provides incentives to owners of mobile homes built before 1976 to render their home unusable (smells like the CARS program); they could receive up to $7,500 to purchase a new mobile home.

     

    In summary, it's going to cost the government (taxpayers) billions each year. I am not against the awareness programs. I just think that what the government has done so far in this area has been very ineffective.
    29 Apr 2010, 01:16 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (5150) | Send Message
     
    I forgot to mention one more thing: In order to achieve the goals set forth in section 311, it would almost certainly be necessary for a lot of negative incentives to be used. Perhaps this is how the article got distorted in the first place. It may be just one person's opinion of what will be necessary to achieve the required targets. From that point of view, it may not be that far-fetched. It does appear that the EPA will be able to set standards and raise the bar over time. The enforcement part is a little vague, though.
    29 Apr 2010, 01:19 AM Reply Like
  • concrete guy
    , contributor
    Comments (165) | Send Message
     
    IBD Editorials just picked up the story.

     

    www.investors.com/News...
    29 Apr 2010, 08:53 AM Reply Like
  • yellowhoard
    , contributor
    Comments (1508) | Send Message
     
    Author’s reply » Good job concrete.

     

    The left is doing everything possible to discredit Beck.

     

    I'll source IBD when I mention this story to others who tend to side with the left.
    29 Apr 2010, 12:21 PM Reply Like
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