Saturday, September 26, 2009


MLB promotes 'carbon credits', a business which is proven to easily lend itself to crime. The world's biggest bullies back it (Goldman Sachs, Soros, etc.) so most either join in the scam to fleece taxpayers or keep silent out of fear.
  • Most US media aggressively promote this global joke. Do not expect them to be the 'watchdog' they claim to be.
When Goldman Sachs, Soros et al. are involved, most media support the heck out of them.
  • Following is but one story of the lavish lifestyle available in carbon trading scams:
(UKMail Online): "They are meant to be the key to unlocking a greener future. But yesterday it was claimed that carbon credits are being traded as part of a VAT fraud scheme.

These are effectively 'permits to pollute' granted as part of a

  • European Union scheme to create a market in greenhouse gasses.

Carbon credits are issued to firms that emit carbon dioxide, such as big electricity firms, and can be bought and sold.

  • The idea is that over time fewer carbon credits will be issued to companies, forcing them to pare back their greenhouse gas emissions.

But now, tax authorities fear organised crime may be muscling in on the act. Officers yesterday made arrests in the Gravesend and Greater areas and searched 27 properties.

  • HMRC said: 'Further arrests are likely and the investigation continues.'

The fraudulent companies are alleged to have purchased carbon credits from overseas VAT-free sources and then sold them on to businesses in Britain at a VAT-inclusive price. But the VAT charged is never paid over to HMRC.

  • This is part of a phenomenon called 'missing trader fraud' that has afflicted the trade in electronic goods for several years.

HMRC claimed yesterday the proceeds of the latest scheme were used

Les Beaumont, deputy director-of Criminal Investigation for HMRC, said: 'We always aim to recover the proceeds of crime, restoring that money to the public purse where it belongs. That is our intention in this, and all similar cases.

  • 'The government took decisive action to prevent this type of fraud recurring by zero rating carbon credits for VAT.'

Officers employed UK Border Agency and police sniffer dogs to search the properties for cash, HMRC said in its statement. All those arrested have been taken to police stations in the region for questioning by investigators."

"Mafia in on wind farm "green credits"--"
  • The US media will continue to aggressively promote this global scam to enrich Goldman Sachs and others.

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Saturday, September 19, 2009

Goldman Sachs launches son of sub-prime--investors make more if you die sooner

  • Real US President Goldman Sachs creates market to make sure we're really dead:
"Wall St. Wants to do to Life Insurance What it Did to Housing," by Daniel Tencer, Raw Story, 9/5/09:
  • "The New York Times reports that large investment banks are lining up to begin securitizing “life settlements,” life insurance policies that ill and elderly people sell so that they can get cash before they die....


  • The Times names two companies that it evidently believes to be heading up the effort to securitize life insurance. One is the Swiss bank Credit Suisse, and the other
  • "Some financial firms are moving to outpace their rivals. Credit Suisse, for example, is in effect building a financial assembly line to
buy large numbers of life insurance policies, package and resell them — just as Wall Street firms did with subprime securities.

The bank bought a company that originates life settlements, and it has set up a group dedicated to structuring deals and one to sell the products.

Goldman Sachs has developed a

tradable index of life settlements,

enabling investors to bet on whether people will live longer than expected or die sooner than planned.

The index is similar to tradable stock market indices that allow investors to

bet on the overall direction of the market without buying stocks.

According to the Economist, the life-settlement market in existence today is worth about $18 billion to $19 billion, meaning that about that amount of life insurance policies is bought and sold every year.

  • $500 billion."
via mention in article 9/18, Al's Morning Meeting


Sunday, September 06, 2009

Ridicule is man's most potent weapon--Saul Alinsky Rule #5

Information is highly controlled in centralized organizations such as MLB and the SEIU. Ridicule is used to freeze out opposing views. In MLB, this function is carried out by Bud Selig's stenographers, the baseball writers. Now, an SEIU official laments that opponents are catching on to the technique:
  • "It's kind of scary! They have learned all of the tricks," said Sue Esty,
the assistant director of American Federation of State County and Municipal Employees Maryland."...
  •, 9/4/09, "Why democrats lost the health care debate," via Free Republic
Alinsky's Rules for Radicals or how to break a society.