This page has been archived and commenting is disabled.
Guest Post: Federal Reserve Carbon Footprint And The End Of Cheap Coal
Submitted by Joaquin Ferrer Benat of Qmunty
Federal Reserve Carbon Footprint And The End Of Cheap Coal
When analyzing the Federal Reserve
monetary expansions, pundits only assess economic issues like inflation,
balance sheets, bubbles or public debt. Significant as they are, it
will be very useful that all this smart people were added to the camp of
those who want to “save the planet”. Let me to try pin down it.
On January 27 OTC Derivatives Supervisors Group (ODSG) and major market participants met at the Federal Reserve Bank of New York
to discuss how to improve infrastructures and reduce risks in
derivatives markets, supporting G20 objectives. They agreed to set out
those plans in a letter to the ODSG by March 31.
We will continue to focus on increasing
standarization and transparency, as well as the further development and
innovation of central clearing facilities to reduce counterparty credit
risk. We must continue to advocate for solutions that will extend
central clearing benefits to a broader set of participants in a safe and
sound manner.
These are the words of Mr. William
Dudley of the New York Fed. But before the letter reaches its
destination, the President sould take a look at this charts.
Direct relationship between OTC market
growth, foreign purchases of US debt and China’s coal consumption is
obvious. And of course also between the disorderly monetary expansion
cheered by the Fed, american deficits, global imbalances and Asian
country CO2 emissions. This chart is enough.
We are in luck, because ODSG wants to support “G20 objectives” and we can read the notes of an attendee
of the 2010 G20 meeting. According to the documents, the delegates
concluded that a process of fiscal consolidation would be the key
solution to the crisis, involving country-specific ideas with central
coordination. Although the delegates evidently discussed the need to
address the sovereign debt crisis “through cutting expenses and not
through increased taxes”, that statement is immediately followed in this
attendee’s notes by the idea of introducing carbon taxes.
I have never bought “save the planet”
lema, because to save something we need first to find the culprit and
the fault. And in this case the matter is really subjective. But now I
like it so much, because to reduce carbon footprint G20 wants to tax
everybody. But brother, is necessary to see first financial institutions
practising what they preach and began to grab the taxes where the root
is. OTC markets are the key to reduce carbon emissions and we need more
“fiscal consolidation” and “increased transparency” indeed to do it.
Otherwise they were watching the straw in the eyes of others, but not
the beam in them.
If someone wants to audit the Fed, what
will need first is to change the moto and search something banks seems
to understand very well: the carbon footprint. And this is a really
pretty one:
»
- 8511 reads
- Printer-friendly version
- Send to friend
- advertisements -
first. go green by shorting China and... uhhh... how do you short the Fed? Buy_____(fill in the blank)
Gold.
It would appear that these ACO2CC looting frauds thinks the worlds masses are their bitchez!
Just what I was going to say!
TBT. Easier to trade than gold.
PMs
Agenda 21
Indeed..
http://www.un.org/esa/dsd/agenda21/res_agenda21_00.shtml
Bring on $5-7 dollar gas prices, watch their revenue stream come to a halt. The Government Motors Volt deserves an award. Best in class for 100% coal power vehicle with little interest @ $40K drive away cost. Watch for new TV commercials to offer added taxpayer subsidies. Dealerships are panicking to unload product. Keeping the car charged for peasant test drives was an unforeseeable dealership expense.
Well said, Atomizer.
Take down your pictures of the FORD Edsel and replace them with the Chevy Volt.
Save the bees, save the trees, save the whales, save the snails.
Solution to all the world's problems: "We need to tax the people more. "
Solution for the people: "Bring back the Guillotine."
I like the way you think. Milestones
+QEinfinity
There are nefarious interests behind "climate change".
You mean man-made climate change as the climate is always changing.
The battle is already won on this issue.
I spent 18 months on Watts Up With That killing the carbon tax deal.
what i find fascinating is that our current supply of oil was created when the planet heated up so much that the ice caps melted and turned the oceans into oceans of death that "reduced carbon based units to carbon based units." how ironic! "we've unleashed the beast" called oil which will "kill us all by turning us into the next proven reserve"! and then "the next carbon based life form can rinse and repeat." i don't know why i find that funny but i do. i really do. and to think "we're ready to kill for the stuff, too"! icing on the "cake of death." how's that for DOOOOOMMMMMMMM. does anyone really know if humans existed before humans? maybe we've around a lot longer than we realize but we keep killing ourselves off so quickly we haven't figured it out yet.
People should google and read ocean anoxic event. It is a little scary that our oil supply is from a planet-wide ecological catastrophe.
Ashes to ashes, flesh to oil
Hey bernank, go jump in the Yellow River.
Save the Planet! Snuff a Lib.
(Sorry, couldn't resist.)
What have Libs ever done for the Planet: ethanol?
I junked you. But only because I can't make it through any article without you making a statement like this.
At least youre consistent.
"What have Libs ever done for the Planet"
Oh, gee, I don't know...how about the National Parks. And from, gasp...a Progressive.
Heh, indeed.
I'm not even sure what the thesis is of this poorly written piece. But if this guy thinks developing Asian countries are going to willingly retard their growth by paying a carbon tax to some sort of (Western, let's face it) "world" government he's smoking crack.
You so misread the piece. You pay the carbon tax so China can grow!
And continue polluting their rivers, cuz that ain't carbon.
Algore sez so, so it shall be done.
You both misunderstand.
You tax and regulate the growth of otc derivatives and you get to keep bankers on a short leash, gain some revenue, and slow china growth and carbon output.
According to this thesis at least, which is partly tongue in cheek.
I need some of that yer taking, Troll. Heaven on Earth.
Ooops, I just farted!
"John Spartan, that is 10 credits"
Carbon Tax will really spur economic growth.NOT!.
Senator Cornyn, from Texas, says the carbon credit tax will cost Texas alone over 60,000 jobs.
I am all for anything that could put china into a recession. The decreased resource utilization and resultant commodity and energy deflation would take the pressure off, and.we could run a loose monetary policy a lot longer.
If we can just get the world temporarily to deflate a little while we inflate we win!
'world temporarily to deflate'
Hence Billary as SoS.
Wishful thinking, if you think that you will reflate anything except hyper inflated assets with QE3. China's economy is on a trajectory that may become decoupled with that of USA in the next five years. That's the time frame for a 'reflation strategy' available to USA in the best of conditions. But it must be complemented by a mega fiscal/govt. bud. red. policy to make it even 'ball park' compatible.
it's the end of cheap EVERYTHING ! ........... except houses, of course .
You mean horses?
Go Green! Erin Go Bragh!
Geez, of course you have to have carbon tax credits. What else can you base the next derivative platform on? The latest tech bubble is about to blow up with twitter and faceweb and you need a replacement. It's all about pipeline product management.
Funny how that Chinee graph exploded after Algore came up with the now defunct 'global warming' carbon credit fund, the name of which always escapes me, as Algore invented it.
Geez, Libs.
(trolling for junks)
Just another boring Sunday night in the big shitty ...
Nothing on the tube
Guess I'll waste some time on ZH
So it goes
/sarc
The 'World Carbon Emissions' graph is from Reuters, no other source. Guess it is more believable than an AP graph.
My ocean view home Registered 37F last night. Check out John Coleman. He co- founded the Weather Channel.
Human Gullibility
75% | ^
| / \
| /
| /
60% | /
| -
| /
_______________________________________________________________
2007 2008 2009 2010 2011
(source: mynhair)
Nice work, but US voter gullibility peaked in November of 2008.
Well, not really. Had to extrapolate the uptrend until early 2010.
I can't believe this ACO2GW nature worshiping looting the world fraud has come this far....Good lord.
High labor rates driven higher by Government rules and regulations accelerate the consumption of energy. When labor rates go sky high economic forces push companies to burn more energy and higher fewer people. I have watched many businesses dump equipment, scrap useful materials, and abandon works because the cost of labor was so high it wasn't worth fixing. When they built a high-rise in Chicago recently they used Chinese steel. It was made from scrap steel exported from the U.S. to China, fabricated there using coal from Australia, shipped across the Pacific and railed from Seattle to Chicago. This was cheaper than buying the steel from Gary using iron ore from Wisconsin. Just remember this ... high labor rates mean wasting energy.
Audit the Fed. Stiff the Fed. Short the Fed. End the Fed.
As Michael asked earlier today, I preach again:
Show us our Gold! FED delenda est!
Show us our Gold! FED delenda est!
Show us our Gold! FED delenda est!
Show us our Gold! FED delenda est!
Show us our Gold! FED delenda est!
Show us our Gold! FED delenda est!
Show us our Gold! FED delenda est!
Show us our Gold! FED delenda est!
Well, thanks for answering my question with such a fascinating correlation.
I'd asked yesterday, on the marc faber peice:
prognostications such as these (Faber's) always make me think about finance and technology as quite a chicken and egg thing. Who birthed the run-away metastasis that is current technology and current finance. Their mutually parasitic and beneficial relationships should be clear enough to one and all.
Hu made who?
And what will take it down? A butlerian jihad or a proletariat jihad?
Because it's all going down, for sure.
It's quite obvious now, the correlation. Technology and "finance" have dovetailed and tail-winded each others metastasis.
ORI
http://aadivaahan.wordpress.com/2011/02/27/the-fascinating-dr-chippalone/
Patent # 6904336
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=7133750.PN.&OS=PN/7133750&RS=PN/7133750
The voting peasants get hoodwinked again
Gillard evades carbon tax questions
Harvard Marxist unveil well cited plan to continue looting taxpayers:
http://docs.google.com/viewer?a=v&q=cache:VZestVBsJEUJ:www.economics.harvard.edu/faculty/aghion/files/Carbon%2520Taxes.pdf+carbon+tax+patent&hl=en&gl=us&pid=bl&srcid=ADGEESh_wrzzSMej0I6rWueX3t6wOlqRdUh0974-2El11zuIHhQx5G4hZKbPDImIRGYV0uS14gR3SwSVNKSlkJ9LcTnBkhfGkr122YD1Ap0B4pSDGnB-l-dgH8qCmZfgth8KznPFFQSf&sig=AHIEtbQevmbg1e0hkglN7a1SSG-Gl_eY4g
Thanks for the links...
Light a fire under Bernanke's ass.
Save the Planet! Burn water!
We burn more and more until we start running low, then we kill each other over what's left and start again at lower consumption. Rinse repeat. Until the last oil soldier slurps the last last drop and drops too.
plenty plenty cheap coal out there. 80% world's power comes from coal and 80% of that is uneconomic to mine but we know exactly where it is - most of which will be deployed using ucg-ctl (see linc energy) to create cleaner synthetic diesel fuels for transportation and power stations - at sub $50 a barrel. right now there only is a real 'peak' in one thing - paranoid bullsh*zer !
Rumor has it Great Britain plans to put a carbon tax on Iceland's Volcanos...in an effort to help pay for new snow shovels...
the mafia is modeled after the Governments of the world, except without the false pretense.
Taxes are extortion if you follow the premise.
The problem is government. Their only job is to sit around and find ways to squeeze money out of people, so they can have the rich and famous life style and benifits. And if you think they give one rat's ass about you, outside of what they can take from you, then I got a bridge to sell you. You've got to keep the masses ignorant and gullible.