Denmark Gives Away $7B USD, or 2% of GDP to Carbon Credit Traders

Jack H Barnes's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
anonnn's picture

Control-fraud is fraud at a level where games can be controlled, such as rule-makers or rule-regulators.

This VAT trading scandal is another control-fraud.

Kr600,000 cash [$100,000] to a rulemaker or regulator is pocket-change...As is paying the tuition for her child's college...As is the deed to property in Switzerland to his niece...As is the free mistress services.

What did you expect?

A prosecutor is always junior to higher-level controller...who can easily enable rule-avoidance.

dizzyfingers's picture

I believe you're correct. We can't see it or prove it, but the real powers that be are out there, and they don't fear anything or anyone. They are beyond borders, beyond laws, beyone governments, beyond everything. They are unreachable.


Diogenes's picture

"They will enrich themselves by selling things that don't exist and don't ever have to be delivered, while at the same time driving prices down.  In the end we will be subsidizing pollution, enriching Wall Street, and getting less tax revenue from corporations."

In other words, the same system we have now.

Quinvarius's picture

I can't wait until we get that system here and JPM and GS just dump paper short credits into the system.  They will enrich themselves by selling things that don't exist and don't ever have to be delivered, while at the same time driving prices down.  In the end we will be subsidizing pollution, enriching Wall Street, and getting less tax revenue from corporations.

benburnyanki's picture

well FMD (fook me dead) if this ain't the damn Jew Mafia at work in every nook and crany of the world to rob every government taxpayer of every last dollar. Hitler was not a cool dude but said he was uneasy with crooked bankers due to the crazy expression on the banker's faces when they had swindled a bloke of a $100 dollar bill. (that Madoff Smile)

The Jewish/Russian Mafia has taken over the USA. All Bush's cabinet was Jewish. Hollywood is Jewish Mafia controlled. Banks are Jewish Mafia controlled. Universities back East are Jewish Mafia controlled. FBI, CIA, NSA, DEA, DHS, EPA, FDA, FCC, and Treasury are all Jew Mafia controlled.

Mayer Lansky Jew Mob Boss ran america, not the Sicialian Mafia folks.

We are so f**ked its not funny and all the crazy bitches that had babies in a world run by the Mafia are Mafia Dona Pigs who only care about what goes in and what comes out of their little fat asses.

Having babies around Mafia like smokin' cigarettes in gunpowder factory!

Now repeat after me: this is my rifle this is my gun, this one's fer mafia, this one's for cun(t).

Ben Burnyankee say: "We wacked Jesus & JFK for Bank Bustin' and walked, and have a 40 foot container of Gringo Bar-B-Q sauce"

Read Best Bank Book "None Dare Call It Conspiracy":

Video shows CIA & LAPD Import Cocaine:

dizzyfingers's picture

Stop eating so much sugar, and stop with the coffee too; you're obviously over your limit.

Yancey Ward's picture

And this doesn't even count all the rent-seekers looking to cash in legally on cap and trade.

Rodent Freikorps's picture

I have put this down as poetic justice.

You go carbon credit thief dudes!!!111!!!!

The gov wanted to rob its people, but got robbed in return. Score one for Robin Hood.

dizzyfingers's picture

Hmmmm, what an odious but somehow compelling response.

I think... no, I know...I have to side with you, Robin.

liberal sodomy's picture

europe deserves it's fate for it's fatal embraces of communism and islam (white genocide).

fuck em in the ass.


Joe Sixpack's picture

I wonder if that fat schmoozing pig Al Gore scored on this action.

RockyRacoon's picture

Yep.  And Henry Ford is responsible for auto accidents.

Azannoth's picture

Let them eat their own shit(in Netherlands) I say, Eat shit!

gwar5's picture

Is it just me, or does Harvard Business require classes now on how to be a Super Villain?


lamont cranston's picture

Yes - HBS requires all students to watch Snidely Whiplash and Boris Badenov cartoons, instructing them to analyze their nefarious schemes and emulate their behavior.

digalert's picture

Shhh, you're telling the secret of global warming. Don't you realize that whole "cap-n-trade" scam er uh plan is about saving the planet?

ToNYC's picture


...saving  the planet Goldest Slax.

Jasper M's picture

They should have been reminded that "green" also means "naive".

Drag Racer's picture

so which is the real news, that fact they got swindled by a round robin or that they fell for the carbon credit global warming world will fry due to cow farts scam!!!

Gunther's picture

The VAT fraud in Carbon Trading happen(ed) in Germany too.
The older reported damage was small, 3 million euro; the newer reported damage is 5 billion Euro. The higher number is reported on december 25 when nobody listens.
Links in German:

OldTrooper's picture

Reported damage?  Was this some kind of bad storm or earthquake?

A state-sponsored extortion racket didn't steal as much as it could have because some people bucked the system.  Good.  There was no more 'damage' here than there is when any potential victim evades or fights off a criminal.

Herd Redirection Committee's picture

Well, yeah, because TPTB are criminals.  The mainstream media has been completely taken over, TV and print media.  Why do you think newspapers are going bankrupt? 

PsychoNews: Exposing the Oligarchy, one Psycho at a time.

ThirdCoastSurfer's picture

"An international trader would buy VAT free credits from one nation,

and then resell them to a VAT added customer in a second nation,

pocketing as much as 25% of the cost of the trade as a personal commission."

This is no scam, this is capitalism. 

Diogenes's picture

Not capitalism, tax fraud.


"The fraud occurs when a trader of carbon credits in one EU country buys some from another country free of VAT, then sells them on, charging the VAT to the buyer. The seller then disappears without handing the VAT to the taxman.

Some criminals re-export the credits, reclaiming VAT as they do so, then re-import them. They can do this repeatedly, reclaiming VAT many times, hence the "carousel" label."

In other words they charge their customers tax but instead of handing it over to the tax collector, they stick the money in their pocket for an illegal profit.

OldTrooper's picture

Tax fraud?  Yes.

Sympathy for the blood-sucking leeches that live off the VAT?  No.

Surprise, surprise...people cheat on their taxes and the higher the taxes are the greater the incentive to cheat.  Who'd have guessed.

Buck Johnson's picture

Well, this is what happens when you deregulate or fail to regulate.

IQ 145's picture

 It's what happens when you drink the kool-aid.

Ahmeexnal's picture

Paging Mr. Al Komeini Gore.

IQ 145's picture

 That fat, fraudulent fool has a lot to answer for; that's for sure.

RockyRacoon's picture

Al Gore ran the Danish system into the ground.  I must have missed that part of the story since I was just reading the black part.  Thanks for adding the parts I missed.

nmewn's picture

CCX predators bitchez.

sacrilege's picture

Interesting thoughts. I'd love to hear anything anyone has on the EU treaties on individuality v. their continued, and aggressive stance towards a unified policy. It seem as though they're facing the same shit we were facing pre state-agreements on insurance.