Hook, Line And Sinker
link SEC Charges Seven in Global Warming Pump-and-Dump Scheme; 2011-46; February 18, 2011.
Hmm. When you read some of the language used in the charges against these fraudsters, it makes me wonder exactly how that is materially different from the entire industry of global warming. For instance:
“…Zigdon caused the materially false and misleading information about CO2 Tech to be disseminated in press releases and on CO2 Tech’s website…” and,
“…thereby creating the false appearance that the market for the stock was deeper than it actually was. This coordinated misconduct enabled stock sales at artificially inflated prices for profits of more than $7 million at the expense of unsuspecting investors…”
Just replace the name CO2 Tech with global warming and reference to stock market with the word hysteria and you have essentially the same charade going on with global warming. Except that it’s blessed by a Nobel Laureate and the financial swindle is of an order many, many magnitudes higher. The victims however are different. In the case of CO2’s victims, they were characterized as ‘unsuspecting investors’, which really means gullible people. The victims in the global warming charade encompass vastly more people creating innumerate losses, mainly on the part of taxpayers. The worst part is, people who aren’t even naive enough to buy into the pump and dump are victimized anyway because of policies implemented by the influential promoters, I mean Nobel winners.
At least with the SEC around, there is some regulatory body overseeing and ‘protecting’ the public’s interests. If only there were such body looking after the interests of people at large. At the very least, if people are allowed to give speeches and influence policy with very questionable and spurious science there should be a voluminous prospectus issued spelling out the risk factors. At the the very top in bold letters should be the disclaimer printed on most investments sold to the public with the appropriate adjustment for context.
THERE IS NO MARKET FOR GLOBAL WARMING
SOME OF THE PROJECTIONS CONTAINED HEREIN INCLUDE CERTAIN FORWARD LOOKING STATEMENTS ARE BASED ON ASSUMPTIONS AND PROJECTIONS WHICH MAY BE UNPROVABLE AND THEREFORE WHICH MAY NOT HAVE VALIDITY
ACTUAL RESULTS MAY VARY SUBSTANTIALLY FROM PROJECTED CALAMITIES
Of course, there’s no guarantee that having such warnings will deter those committed to investing in global warming. Back in the day, Jim Jones, of Kool Aid fame, had his ardent followers in Jonestown, Guyana. His followers fell for the promise of a communal paradise and many faithfully took the fatal swigs of the infamous drink in blind loyalty to their leader. If anyone out there still thinks the global warming/environmentalism cult is all about healing, then they should start buying Kool Aid by the crate.
No less than the pioneer of environmentalism, Patrick Moore, one of the original forces behind Greenpeace, has been very clear and outspoken about just how the movement has been hijacked and transformed into its economically destructive guise today. In a recent interview with a Vancouver Province reporter, Moore says:
“I’m trying to change the way people see the entire issue of environmentalism. “I’m trying to get people to recognize that human beings are part of the environment . . . and that we are not a plague or a cancer as many suggest, and that we are part of the solution and that there are solutions to these issues. The trouble is, he says, many of these solutions are opposed by environmentalists who, for example, say they want to stop fossil-fuel consumption, yet oppose nuclear energy and hydroelectric power…And those are the two main technologies that could actually replace fossil fuels,” he says. “Wind and solar haven’t got a hope in hell of ever doing that, partly because you can’t count on them.”Moore says the subsidies to highcost wind and even higher-cost solar power that Ontario and various European countries have adopted are unnecessarily driving up energy prices. And poverty, he notes, is the worst environmental problem of all…. Moore strongly questions the so-called consensus on human-induced global warming: “I’m a skeptic in the healthy sense…”
On the other hand, all global warming activists have at their core, one main goal; to redistribute money from mainly western industrialized nations into the hands of non-elected and non accountable bodies that would dictate which of their inner circle of supporters will get it. The ideal outcome is to create an overriding world authority not beholden to any nation state, funded of course, by those same nation states. Sort of like the U.N. but with even crazier people. This movement has as much to do with world healing as the U.N. has to do with world peace. If by a series of fortuitous events, the alarmists get their way, some will become obscenely wealthy. The much ballyhooed Climate Exchange in which corporations would exchange ‘climate credits’ mandated by goofy laws on cap and trade initiated by these geniuses including Al Gore, is owned in large part by…Al Gore! What a coincidence! Luckily, even without a prospectus, the Chicago Climate Exchange, or CCX mercifully died of stupidity.
Whatever the perps in the CO2 fraud get in penalties, should apply infinitely more to the Global Warming proponents. Like the defrauded investors in CO2 now, in the near future, the general public will be saying the same thing to themselves. “How could I have been that dumb?”