What about all of the bovines being scalped feeding their money into a machine to pay for "carbon credits" for their flights at airports? I guess you could call it a "stupidity tax". Put money into machine, Goldman Sachs collects it and uses it to pay executive bonuses and to host expensive meals and champagne for their execs who fall about laughing at how easy it is to part gullible fools from their money. The UN uses their share of the booty to buy guns and pay their army and to throw expensive parties where they laugh at the gullible fools too.
I recently listened to an audio session about the US potentially adopting a carbon tax, and some general discussion about this climate change stuff. Quite interesting, and quite against the tax: http://www.financialsense.com/finan...ano/global-warming-fact-fiction-or-conspiracy Goes for an hour.
what do you think of these guys who trade carbon credits? Apparenty 15% rtns are on offer http://www.capitalalternatives.com.au/
the ultimate form of paper to buy at the ultimate end of the paper game... Do your self a favor and buy a cylinder of C02 and then at least you will get a return of your investment. Unless you think the worlds future currency will be backed by C02 as opposed to gold/(SDRs)
Did anyone see last Sunday's ABC Landline (11/11/12). A good story on an inland cattle station the Federal Government bought with much Green fanfare, with the aim of destocking it and generating dry land carbon credits. Surprise surprise the generation of carbon credits was harder than imagined, they have achieved nothing, all the allocated money is gone, generated no credits at all. The commercial partners meant to run it, a subsidiary of RM Williams, have sacked their managers in charge of the project and ready to cut their losses and walk off the land. The neighbouring farmers are wondering where all the taxpayers money has gone, and are seriously worried the station will just become fallow. Further to this Peter Garret and his Green backers have said the station will never be restocked. Which in practice means it will be declared an unstaffed National Park, and become a haven for weeds and rabbits that of course spread onto genuine farms for the rest of time. Carbon Credits. They're obviously the way of the future.
^^^ :lol: Has strong parallels to the Menindee Lakes saga. Forget the nuances, but broadly the gubbmint bought a large inland NSW farm where the property owners had built a huge series of dams decades ago. Destocked it for the purpose of releasing water for "environmental flows" for Murray-Darling river system but then found out they couldn't release the water because brolgas nested there. So now they have an unproductive farm bought for water assets they can't use.
