Best of the Week
Most Popular
1.Gold Price Crash Through Key Support, Crude Oil in Freefall - Clive_Maund
2.Marc Faber Warns Japan's Bond-Buying Program is a Ponzi Scheme - Bloomberg
3.Silver Price and Powerful Forces - DeviantInvestor
4.Stocks Bear Market Catastrophe as Stocks Flash Crash to New All Time Highs - Nadeem_Walayat
5.Marc Faber Warns Not to Hold Any Gold in the U.S. - GoldCore
6.U.S. Housing Market San Francisco at Critical Mass - Harry_Dent
7.Global Scramble For Silver - Coins “Hard To Get,” “Premiums Likely To Jump” - GoldCore
8.Major World Stock Market Indices Analysis: SPY, QQQ, DAX, FTSE, CAC, HSI - Michael_Noonan
9.Japan's kaput?! - Axel_Merk
10.Tesco Empire Strikes Back, £5 off £40 Discount Voucher Spend Explained, Exclusions Warning! - Nadeem_Walayat
Last 5 days
Manipulated Stock Market Short Squeezes to Another All Time High - The China Syndrome - 23rd Nov 14
Gold Price 2015 - 22nd Nov 14
Stock Market Medium Term Top? - 22nd Nov 14
Is the Gold And Silver Golden Rule Broken? - 22nd Nov 14
Malaysia's Subsidy and Budget Deficit Conundrum - 22nd Nov 14
Investors Hated Gold at Precisely the Wrong Time: What About Now? - 22nd Nov 14
Gold and GLD ETF Selloff - 22nd Nov 14
Currency Wars, the Ruble and Keynes - 21st Nov 14
Stock Market Investor Sentiment in The Balance - 21st Nov 14
Two Biotech Stocks Set to Double on One Powerful Catalyst - 21st Nov 14
Swiss Gold Poll Likely Tighter Than Polls Suggest - 21st Nov 14
Gold's Volatility and Other Things to Watch - 21st Nov 14
Australia Stock Market and AUD Dollar Analysis (ASX200 and AUDUSD) - 21st Nov 14
New Algae Research May Have Uncovered an “Energy Forest” Under the Sea - 21st Nov 14
The Cultural and Political Consequences of Fiat Money - 20th Nov 14
United States Social Crisis - No One Told You When to Run, You Missed the Starting Gun! - 20th Nov 14
Euro-Zone Tooth Fairy Economics, Spain Needs to leave the Euro - 20th Nov 14
Ebola Threat Remains a Risk - New Deaths in Nebraska and New York - 20th Nov 14
Stock Market and the Jaws of Life or Death? - 20th Nov 14
Putin’s World: Why Russia’s Showdown with the West Will Worsen - 20th Nov 14
Making Money While The World Burns - 20th Nov 14
Why This "Quiet Zone" Is Now Tech Stocks Biggest Profit Sector - 20th Nov 14
My Favorite Stock McDonalds Just Got Kicked Off My “Buy” List - 19th Nov 14
European Economies in Perpetual State of Shock, What's Scarier Than Deflation? - 19th Nov 14
Breakfast with a Lord of War and Nuclear Weapons - 19th Nov 14
The U.S. Economy’s Ebb and Flow - 19th Nov 14
What You Need to Know Before Investing in Alibaba - 19th Nov 14
Forget About Crude Oil Price Testing 2009 Low - 19th Nov 14
What Blows Up First? Part 5: Shale Oil Junk Bonds - 19th Nov 14
Bitcoin Price Did We Just See an Important Slump? - 18th Nov 14
How to Profit From Oversold Crude Oil Price - 18th Nov 14
Stock Valuations Outrunning Profits Growth - And the Band Played On - 18th Nov 14
ECB Buy Gold Bullion? Japan's Monetary Policy Dubbed "Ponzi Scheme" - 18th Nov 14
Gold, Silver, Crude and S&P Ending Wedge Patterns - 18th Nov 14
How High Could USD/JPY Go? - 18th Nov 14
On Obama and the Nature of Failed Presidencies - 18th Nov 14
Globalism Free Trade Immigration Connection - 18th Nov 14
An Epiphany From Hell - Buy Gold and Silver - 18th Nov 14
Too Difficult to Get a U.S. Home Loan - 18th Nov 14
Has the Gold Bear Trap Been Set - 18th Nov 14
Gold Price and Miners Soar on Huge Volume - 17th Nov 14
Cameron Says Second Global Economic Crash is Loomin, Japan in Recession - 17th Nov 14
How to Play the Stock Market 2014 Year-End Rally - 17th Nov 14
What The Fed Has Wrought, Who Needs Wage Earners Anyway? - 17th Nov 14
Stock Market Indexes Fluctuate Along Record Levels - Will Uptrend Continue? - 17th Nov 14
Stock Market Trend Deceleration Tends To Precede Corrections - 17th Nov 14
Stocks Bull Market Set to Continue After Consolidation - 17th Nov 14
The World Is Run By Fools, And We Let Them - 17th Nov 14
Gold Price Golden Bottom? - 17th Nov 14

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Gold Report 2015

Cap & Tax , The Sun Causes Global Warming and Cooling…Climate

Politics / Climate Change Sep 29, 2009 - 02:56 AM GMT

By: Mark_B_Rasmussen

Politics

Best Financial Markets Analysis ArticleThe Sun Causes Global Warming and Cooling…Climate Change!! 

This is not my opinion; links to the most comprehensive and current scientific reports are included below.


The (unread) Waxman/Markey (Cap & Tax) Energy Bill (1,428 pages) is the largest regressive tax (hurting the poor the most) ever proposed.

"Energy costs will necessarily skyrocket." (Barrack Obama in his own words)

Bankrupt coal industry and coal electrical generation in his own words (49%% of our electrical generation)

(start at 55 seconds if you are in a hurry).

Cap & Trade Exposed

Let me be clear.  I have a dream, that one day men will not be judged by the color of their skin or the quality of their rhetoric, but by their actions, truthfulness and the content of their character!

The Science

Founder of The Weather Channel and 30,000 scientists sue Al Gore for Fraud.

On 03/09/2009 a 98-page report on climate change was produced by the Environmental Protection Agency (EPA).  This is the most comprehensive and up-to-date report by the EPA on climate change. Author - Alan Carlin (38 years with the EPA, B.S. – Physics from California Institute of California (Cal Tech), PhD. Economics - Massachusetts Institute of Technology (MIT). 

     1.2     Global Temperatures Have Declined Significantly   

Global temperatures have declined (Figure 1a) - extending the current run of time with a statistically robust lack of  global temperature rise to eight years (Figure 1b), with some people arguing that it can be traced back for 12 years (Figure 1c). 

Here is the full report with great tables, graphs and bibliography. http://cei.org/cei_files/fm/active/0/DOC062509-004.pdf 

This report has been ignored by our political representatives; it has been suppressed and is not on the EPA website any longer.  The whole premise of the legislation is a hoax and a fraud that would cost all Americans $Trillions and millions of jobs. 

Climate Change Reconsidered – 880 page 2009 report – Heartland Institute

http://www.heartland.org/full/25358/Climate_Change_Reconsidered.html

In April, the Polish Academy of Sciences published a document challenging man-made global warming….Dr. Kiminori Itoh, a Japanese environmental physical chemist who contributed to a U.N. climate report, dubs man-made warming "the worst scientific scandal in history." Norway's Ivar Giaever, Nobel Prize winner for physics, decries it as the "new religion."

From the “Better Than Fiction Files –Record low temperatures in Al Gore’s hometown of Nashville.

http://www.examiner.com/..

The Analysis

A similar scheme has been implemented in Europe and has been an abysmal failure.  

Job Loss Analysis (1,145,000 per year)

http://www.heritage.org/research/energyandenvironment/tst062609a.cfm

The Charles River Associates, a Harvard based economics consulting firm, estimates a net loss of jobs from the bill of about 2.5 million each year.

This is being proposed while we are having the fastest job losses and highest unemployment in at least 26 years…so far.

Cap & Trade Dementia

http://spectator.org/archives/2009/07/01/cap-and-trade-dementia

CEI (Competitive Enterprise Institute) released a memo, written by the presidential transition team 11/06/2008, "economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation."

The CEI (Competitive Enterprise Institute) obtained a memo from the U.S. Treasury Department (Dated 03/09/2009) through a Freedom of Information Act request (the memo removed from the website), and said: "The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent." They added: "At the upper end of the administration's estimate, the cost per American household would be an extra $1,761 a year."

305 Million people / $141.43 Billion Annual Carbon Tax (1% of GDP) = 463.70 per person per year or $1,854 per year ($154.50 per month) for a household of 4.

Mr. Obama and Mr. Waxman (Bill sponsor) having access to the above reports have repeatedly stated that it would cost “approximately the cost of a postage stamp per day” $.43 X 365 = $156.95 per year, understated by 1181%. 

Now, China and many other nations will be very happy to accept businesses leaving America and filling our lost jobs with their own citizens, due to higher energy costs for everything in this country. They will increase global CO2 emissions more than we reduce them because those countries are less energy efficient than we are. Some companies will close in America, sell their CO2 credits and set up in China, India, and Vietnam, etc. What a gift we are giving the rest of the world. Fifty-two percent of our electricity is produced by “dirty coal.”  We import over 70% of our liquid fossil fuels (from several unfriendly and unstable countries, i.e., Nigeria, Venezuela and Mexico (unprecedented production decline)). Ninety seven (97%) of our transportation system depends on liquid fossil fuels. Airplanes, ships, trains, large trucks, agricultural and mining equipment do not run on solar panels (only when there is sunlight), wind turbines (only when there is wind), geothermal, tides, biomass, hydroelectric or nuclear power. There is no short term alternative and we have no viable “Plan B.” One million electric cars (that don’t exist} is less that 0.5% of the estimated 220 million car fleet in the U.S. The average rate of turn over of our vehicle fleet is less than 5% per year, taking 22 years to convert our entire vehicle fleet if not one more new conventional fuel car is ever sold again – delusional.  How long will it take and how much will it cost to replace 150 years of “dirty coal” burning power plants (49% of total electrical generation)?  Our Energy Policy is an impending disaster with a Capital “D,”.

We will have climate change—it has happened over the entire history of the earth, with or without mankind.

The deceit, treachery and lying (not misinformation, disinformation or untruth) done to impose this on the American public is an OUTRAGE!!  This is not an honest mistake.  The whole premise is a lie and there are 1,428 pages of cryptic, hidden, buried and undesirable provisions in there.  The prima facie case is that the whole premise is a deliberate lie and therefore none of its contents can be trusted…..again!

"If a nation expects to be ignorant and free, it expects what never was and never will be."  - Thomas Jefferson

A better idea.

The American Society of Civil Engineers (ASCE) has given the U.S. an overall "D" grade in 15 categories of infrastructure and we need to spend $2.2 trillion over the next 5 years or have more (broken power line in Ohio causing a 55 million person blackout) catastrophic levee failures like New Orleans and the Midwest last year, the bridge failure in Minneapolis in 2007—an urgent and immediate need providing real jobs for many already skilled and qualified Americans. 

House of Representatives (Roster by State)

http://www.house.gov/house/MemberWWW_by_State.shtml

(Cap & Tax)  American Clean Energy and Security Act of 2009 (Placed on Calendarin Senate) [H.R.2454.PCS] (1,428 pages)

http://thomas.loc.gov/cgi-bin/query/D?c111:13:./temp/~c111XfYu3t

http://clerk.house.gov/evs/2009/roll477.xml .

Senate (Roster by State)

http://www.senate.gov/general/contact_information/senators_cfm.cfm?OrderBy=state&Sort=ASC

Senate (Active Legislation)

http://www.senate.gov/pagelayout/legislative/b_three_sections_with_teasers/active_leg_page.htm

By Mark B. Rasmussen

Mark is a real estate appraiser/broker by profession

Copyright © 2009 Mark B. Rasmussen

Mark B Rasmussen Archive

© 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Free Report - Financial Markets 2014