Cap-n-Trade: Now 10% Fraud-Free!
by Christopher C. HornerHere’s something to consider for those who wondered why the usual suspects flew up in arms earlier this week over reports that ‘Circle of Commitment’, countries including the U.S., were seeking to wrest control of the Kyoto revenue mechanism to the World Bank (there’s no such move afoot, incidentally; that was merely an overwrought reaction to said suspects finding something that they hadn’t been allowed to write).
That of course would have implications for the “global carbon offset market” if Kyoto II ropes us in and finally begins chugging down the tracks, next stop “Oil for Food on Steroids”.
Today’s Open Europe press briefing includes the following item (in bold in original):
A press release from the European police force Europol states that the VAT fraud afflicting the EU’s Emissions Trading Scheme in the past 18 months, has resulted in the loss of approximately €5 billion euros for several national tax revenues. It is estimated that in some countries, up to 90% of the whole market volume was caused by fraudulent activities. Europol
It seems so hard to believe that a scheme concocted by Ken Lay and the boys at Enron in the mid-1990s, adopted recently by derivatives-types as their next playground, pushed all along by Goldman Sachs and feverishly demanded by George Soros should have to suffer the indignity of such charges.
Email this to a friend | Print |
Share on Facebook
| Tweet this
| 
Follow Us on Twitter
Subscribe via RSS
Got a Tip?
281 Comments
VAT fraud is easy, low risk, and there's no territory to protect from rivals so there's virtually no violence. Everything tangible is a facade, easy to assemble and disassemble. I caught a 20/20 report the other day on MediCare fraud. Same rules apply.
A principle arises out of these observations: The more money there is at government's disposal, the more crooks there'll be to swipe it. Therefore, limiting government taxing and spending also limits crime.
[...] This post was mentioned on Twitter by MB King, Amy Ridings. Amy Ridings said: Cap-n-Trade: Now 10% Fraud-Free! http://bit.ly/7w404Y [...]
Just because one method of fraud is NOT in the plans doesn’t mean that 100% of the current plans can be subverted by fraud.
Silly title. I get the point, and I loved the read… but you can’t garauntee that it’s going to be fraud free any more than you can say that I spelled everything in this comment correctly.
'up to 90% of the whole market volume was caused by fraudulent activities.'
In some countries it sure came close to 100%. This is a scammers' paradise.
I would submit that the fraud is classifying an essential part of our atmosphere (CO2) and ecosystem as a pollutant! This is so absurd as to be criminally moronic. I also submit that the so-called 'homogenized' (read: altered to look like warming occurs-yes, there is evidence of this) data and its conclusions are a fraud. Their climate models are now known to require so much 'artificial data' that it is hardly surprising that for predicting the last decade's climate based on CO2 the model was worse than a failure. It predicted strongly in the opposite direction. The entire AGW, CO2 hypothesis is based on a fraudulent foundation.
NO! You are using the old method of logical math. New emotional math dictate it is worth 90% fraud rate to save just 10% of the planet, it's for the Children, you know.
I think the "for the children" thing means something a little different than what we thought I think after reading all the School Safety Czar stuff, "To the Children" might be better
But this AGW things works for that as well
Jeez-can I buy something to "offset" the stench from ALWHOREGORE.?
Blow the whistle on liberal crapola and it's illegal … Whoever leaked the files is a hero to the world.
The whole Cap and tax is nothing more thatn a world slush fund to pay their Fascist friends with.
I wonder how they think armed Americans figure into the calculations?
the looting of the world continues unabated…
And,like the proverbial Grinch, they will steal until there is nothing left but a crumb too small for a mouse.
Value Added Tax is the worst of these because it layers tax (fraud!) at every level of production.
Europe loves it because it gives their feckless leaders the slush fund they desire. To the average personit works like this:
Item leaves the farm for $1. He is taxed 10%- cost $1.10. Goes to storage/grainery. Taxed 10%. total $1.11.
Notice you are taxing the tax! Nice, eh? Goes to food producer. Taxed 10%. On to distributor, store, you…
Whoever thought of this is a bad man…
And another thing, I completely agree 100 percent with what you just said…there is one other thing…
Does any one remember the criminal UN's handling of the Iraq trade sanctions? We were ripped off for millions only someone intellectually challenged or with a hidden agenda would give them any money.
Great job Chris
Fraudulant tax into a fraudulent gov yields fraudulant spending!
Yes, I'm referring to our fraudulent gov!
Yes, Fraudulent spending is well documented.
As the fraudulent taxes they TAKE is increased, the gov becomes more corrupt and fraudulent spending increases.
Fraudulant tax into a fraudulent gov yields fraudulant spending!
Yes, I'm referring to our fraudulent gov!
Yes, Fraudulent spending is well documented.
As the fraudulent taxes they TAKE is increased, the gov becomes more corrupt and fraudulent spending increases.
Go Andrew ….
Andrew Breitbart Announces Launch of New “Big” Sites
http://www.mediaite.com/online/andrew-breitbart-l...
I think you mean: $1.00 +10% = $1.10, then $1.10 + 10% = _$1.21_ ?
I smell the Rothschilds IMF or World Bank in there somewhere????? Collapse the economy, depress and deflate assets, devalue currency ….then simmer slowly with hyperinflation????? You know, Soros, Rockefeller, Euro Private Banks, Bank of England, Federal Reserve, et al. Swiss BIS meeting coming up soon?????
you get the idea. It is a true 'progressive' (there's that damn word again!) tax…
Lies And Fists.
What more could a 14 year old want?
Hey, it's that dead guy, Ken Lay. I wonder where he's living now….
Nice report but you forgot Al Gore(isly) is in the middle of this
If the coal fired power plants would simply shut down for 10 days. That may get peoples attention. The cutting of our CO2 by 80% will close them forever now would be a good time to show what no power feels like.
Here is a chart that shows 1950 Electricity use. That is where we will be with Cap and Trade, and Obamas COP15 Promise.
http://www.eia.doe.gov/emeu/aer/eh/elec.html
Ask your grandfather how much electricity he used. Practice saying "Shut off that light (or fill in the blank).
I think I read Denmark rejected C&T just days before the summit in Copenhagen. But, I also like the idea of shutting down coal fired generators for a few days. Sorry, but I'm also drilling my own well.
Let's face it. This administration will continue to force its destructive Socialist agenda upon America no matter what. Facts don't mean anything to them because they are the ones who make up the facts. Logical argument means nothing to them because they make up the rules of logic. The only thing that will stop them is political defeat. Defeat at the polls, starting next year with Congress. I will be in the voting line no matter what.
Does 10% fraud free leave 90% fraud?
ever get the feeling the saudis will step up and crush bho when he threatens their cash flow ???????
That's a good one! I laughed so hard I almost Obama'd in my pajamas.
Then let's take the bad man (or men, or men and women…whatever's the case, ya know) and beat them senseless with steel D!LD0s.
That's along the lines of a George Carlin suggestion. Who said liberals can't come up with a good idea?
Count me in. Defeat of all Democrats next year. Stop the socialists plaguing this nation.
like your 'thrust', heh heh heh…
The Islamic B Obozo wants Crap & Trade to Punish the American People. He wants the money as well. Lowering our standard of living is his goal, we have been getting a good life on the expense of others. Ask his mentor Jerimiah Wright. He is damaging our economy almost every day. His reckless spending is getting scary, the defeict cannot be payed in 100 yrs. Congress is raising the debt ceiling to 14 Trillion, OUR ECONOMY COULD COLLAPSE, Obozo doesnt care, OUR DOLLAR WORTHLESS, He approved 23 Billion to CHAULK private homes. Is there an Army Base near the WH, I hope so.
It is more important to look at the estate agents condition then at ‘Circle of Commitment’, U.S and other countries., who seeking to control the World Bank revenue mechanism. small estate agens as estate agents Golders Green need help as property prices crush.
Very nice information.
Great Site……
[...]check this out as this contains important information about[...]…
Sites we Like……
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]……
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
[...]‘This is to certify that the Bearer[...]…
not? ‘ Pilate gave the word ‘not’ more emphasis than was proper in a court of law and his look seemed to be trying to project a particular thought into the prisoner’s mind…
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
Momma is one cool chick…
Momma says check this site out!…
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
Sites we Like……
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]……
Websites worth visiting…
[...]here are some links to sites that we link to because we think they are worth visiting[...]……
Websites you should visit…
[...]below you’ll get the link to some websites that we believe make sure you visit[...]……
sites you should visit…
[...]below you’ll find the link to some sites that we think you should visit[...]……
Websites you should visit…
[...]below you’ll find the link to some sites that we think you should visit[...]……
Online Post……
[...]The information mentioned in the Post are some of the accurate available [...]……
Online Article……
[...]The information mentioned in the article is some of the best available [...]……
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
Superb website…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]……
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
Online Article……
[...]The information mentioned in the article are some of the best available [...]……
Blogs ou should be reading…
[...]Here is a Great Blog You Might Find Interesting that we Encourage You[...]……
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
Sources…
[...]check below, are some totally unrelated sites to ours, however, they are most trustworthy sources that we use[...]……
I Have A Lot to Learn…
[...]The Original Article Here[...]……
Links Trackback…
[...]Sites of interest we have a link to[...]……
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
Awesome website…
[...]the time to read or visit the content or sites we have linked to below the[...]……
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
Superb website…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]……
You should check this out…
[...] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well [...]……
Gems form the internet…
[...]very few websites that happen to be detailed below, from our point of view are undoubtedly well worth checking out[...]……
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
Superb website…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]……
Sites we Like……
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]……
Gems form the internet…
[...]very few websites that happen to be detailed below, from our point of view are undoubtedly well worth checking out[...]……
Blogs ou should be reading…
[...]Here is a Great Blog You Might Find Interesting that we Encourage You[...]……
Visitor recommendations…
[...]one of our visitors recently recommended the following website[...]……
Read was interesting, stay in touch……
[...]please visit the sites we follow, including this one, as it represents our picks from the web[...]……
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
I do not agree but…
[...]Very well, I absolutely do not agree to what you may have brought up at the article, but I do value your standpoint[...]……
Blogs ou should be reading…
[...]Here is a Great Blog You Might Find Interesting that we Encourage You[...]……
On the internet Marketing Article…
[...]The info mentioned in the write-up are a few of the finest offered [...]……
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
Sources…
[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]……
Visitor recommendations trackback…
[...]one of our visitors recently recommended the following website[...]……
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
Cool sites…
[...]we came across a cool site that you might enjoy. Take a look if you want[...]……
Websites worth visiting…
[...]here are some links to sites that we link to because we think they are worth visiting[...]……
Links…
[...]Sites of interest we have a link to[...]……
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
You should check this out…
[...] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well [...]……
Websites you should visit…
[...]below you’ll find the link to some sites that we think you should visit[...]……
Check this out…
[...] that is the end of this article. Here you’ll find some sites that we think you’ll appreciate, just click the links over[...]……
Online Article……
[...]The information mentioned in the article are some of the best available [...]……
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
Related……
[...]just beneath, are numerous totally not related sites to ours, however, they are surely worth going over[...]……
Check this out…
[...] that is the end of this article. Here you’ll find some sites that we think you’ll appreciate, just click the links over[...]……
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
You should check this out…
[...] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well [...]……
[...]Getting a same day cash advance loan. No credit payday loans[...]…
Cash Advance With No Job Is Possible…
Visitor recommendations…
[...]one of our visitors recently recommended the following website[...]……
Websites we think you should visit…
[...]although websites we backlink to below are considerably not related to ours, we feel they are actually worth a go through, so have a look[...]……
Read was interesting, stay in touch……
[...]please check out the sites we follow, especially this one, as it represents our picks among the list of[...]……
Links…
[...]Sites of interest we have a link to[...]……
Websites we think you should visit…
[...]although websites we backlink to below are considerably not related to ours, we feel they are actually worth a go through, so have a look[...]……
You must be logged in to post a comment.