Sunday, April 10, 2016

The Chicago Climate Exchange, Pt. 1: An Elitist Redistribution Scam


The amazing thing about elitist scams are how under the guise of social justice they make the elite richer and more powerful. Socialism historically is predicated on a group of elitists building a society that reduces all of its citizens to a common standard of living. The resulting society does not value the individual, their rights or their achievements.

Currently the global and U.S. elite are pushing their climate change/green agenda with the threat of a global catastrophe. With this as their launching pad they have set in motion hundreds of laws and regulations, both domestically and through the U.N. designed to drive the world toward some form of “global governance” all while making themselves richer and more powerful in the process.

With this as a back drop, let’s talk about the latest scam brought to you by: the President, Goldman Sachs, Van Jones, Al Gore, George Soros and Franklin Raines just to name a few. Without further delay, let me introduce you to – The Chicago Climate Exchange (CCX).

So what is the Chicago Climate Exchange? Well, if the financial projections are right and the administration can ram through some form of “Cap & Trade”, it will be a $10 trillion cash machine.

According to a Fox News story by Fred Barnes,
“While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.”
As a members of the board of directors of the Joyce Foundation, both Obama and Valerie Jarret served and were key players in providing nearly $1.1 million in two separate grants that were “instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now claims to be “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”

So why does a private foundation fund a private business? Who invests in a business that gets its start up funds from a private foundation? The list is impressive but we will get back to that in a minute. First a little history on CCX, from their website:
The institution that is today the Chicago Climate Exchange (CCX) began with a grant in 2000 from the Joyce Foundation, a leading philanthropy based in Chicago known for its innovative approach to public policy issues, which supported the inception, creation, feasibility and design of CCX. The support was provided as part of a series of special Millennium grants made by the Foundation to catalyze, support and reinforce ideas, concepts or institutions of lasting intergenerational significance.

An initial grant of $347,000 was made to the Kellogg Graduate School of Management at Northwestern University to provide technical support to Dr. Richard Sandor and colleagues to examine whether a cap-and-trade market was feasible in the U.S. to facilitate significant greenhouse gas reductions, using a voluntary regional Midwest model from which national and international lessons might be drawn.

A second grant of $760,000 was provided in 2001 to proceed with a design phase, which ran through 2002 and involved more than one hundred professionals in the corporate, public, non-governmental and academic sectors, who worked with Dr. Sandor, his colleague, Dr. Michael Walsh, and others to develop a core set of rules, protocols and design elements that would underpin and shape a pilot reduction and trading design.

In 2003, CCX launched trading operations, with the following 13 Charter Members:

American Electric Power, Baxter International Inc., City of Chicago, DuPont, Ford Motor Co., International Paper, Manitoba Hydro Corp., MeadWestvaco Corp., Motorola Inc., STMicroelectronics, Stora Enso North America, Temple-Inland Inc., Waste Management Inc.

Through their CCX membership, the above organizations were first in the world to make legally binding commitments to reduce all six greenhouse gases, in the world’s first multinational multi-sector market for reducing and trading greenhouse gases.

CCX is a U.S. corporation, and today remains the only emissions reduction and trading system for all six greenhouse gases and the only operational cap and trade system in North America. CCX has nearly 300 Members from all sectors and Offset Projects worldwide. See full Member list.

In 2005, CCX launched the European Climate Exchange (ECX), now the dominant exchange operating in the European Union Emissions Trading Scheme. CCX also launched the Chicago Climate Futures Exchange (CCFE), a CFTC-regulated futures exchange that offers standardized and cleared futures and options contracts on emission allowances and other environmental products, the world’s first environmental derivatives exchange. Since 2006, CCX, ECX and CCFE have been owned by Climate Exchange Plc (LSE: CLE.L), a publicly traded company listed on the AIM of the London Stock Exchange. Richard Sandor is Chairman of Climate Exchange Plc.
It all sounds so innocent on the surface but when you dig a little there is cause for concern. This story will be two parts because it is complicated and troubling.

We’ll start with a little background on Cap & Trade. What is cap and trade?

The Cap – It is a system that sets a limit or a cap on emissions generated by fossil fuel use. Companies and residences will be given an emission limit based on either a formula or a historical profile. Over time the limit would be reduced to achieve a target that in theory would reduce the cumulative global output to 80% of 1990 actual output by 2050.

The Trade – Companies and individuals (residential allotments) that perform below their allocated levels can bank the unused units and sell them to companies that exceed their allocated units.

Besides the ones already mentioned, some of the other key players in this story are:

Al Gore, founder of the London-based Generation Investment Management, GIM purchased a huge stake in Chicago Climate Exchange. They are the fifth largest shareholder. Former Vice President Al Gore partnered with people from Goldman Sachs such as David Blood, Mark Ferguson and Peter Harris to name a few.

Franklin Raines, the disgraced former CEO of Fannie Mae is now a member of the Board of Trustees of Enterprise Community Partners. The stated mission of Enterprise, “We create opportunity for low- and moderate-income people through fit, affordable housing and diverse, thriving communities. Central to our mission is Enterprise’s fundamental commitment to give people living in poverty an opportunity to move up and out. We believe that these opportunities are best provided in communities with a diverse mix of affordable and market housing options, access to jobs and social supports, and a strong commitment to the environment and civic participation.”

However, before leaving Fannie Mae, Raines used Fannie Mae funds, in other words, taxpayers money to buy technology to measure and manage carbon credits. Patent No. 6904336 was approved by the U.S. Patent and Trade Office for this technology on Nov. 7, 2006 the day after Obama and Democrats won the election and took control of the House. The patent, which Fannie Mae co-owns with Cantor Fitzgerald subsidiary CO2e.com. The patent gives Fannie Mae a leg up on the fledgling carbon trading market. The result is a quasi government agency now has a major financial stake in the success of cap-and-trade legislation.

The patent, gives Fannie Mae proprietary control over an automated trading system that pools and sells credits for residential carbon reduction upgrades like solar panels and high-efficiency appliances. These credits can be bought by companies and utilities that don’t meet emission reduction targets. Under Cap & Trade, the EPA will determine arbitrary CO2 standards that could affect every manufacturing company in country. Is it a stretch to think that Fannie and CCX will come to a licensing deal of some sort on this technology – or is the deal already in place?

There are concerns on Capitol Hill. Rep. Chaffetz (R-UT) and Rep. Issa (R-CA) have been asking a lot of questions saying, “ We are troubled by evidence that, while Fannie Mae was funding hundreds of billions of dollars in risky mortgages that were a primary cause of the financial crisis, it was simultaneously pursuing a patent to capitalize on the potential of legislative efforts that would have the effect of increasing costs to millions of Americans.”

Rep. Issa also said, “Fannie Mae appears to have served as a full-blown liberal think tank for crony-capitalist ideas. While the crony-capitalist Democrats who ran Fannie Mae like Franklin Raines and Jim Johnson used these kinds of ideas to enrich themselves, it was the American taxpayers who were left holding the bag after they failed. It’s disturbing that Fannie Mae executives were positioning themselves in 2005 for financial gain from an Obama Administration cap-and-trade system, but given the huge amount of campaign contributions Fannie Mae poured over President Obama it should be no surprise.”

And then there’s Goldman Sachs who owns ten percent of the CCX and its 10 Trillion a year potential. More on them later.

Additional players who we will cover in part 2 of this story: Goldman Sachs, Maurice Strong, Dr. Richard Sandor and Joel Rogers.

So the Chicago Climate Exchange will become the next NASDAQ. They will trade in the greatest derivative ever conceived – an immeasurable unit of gas. Or as I have heard it said, puffs of air! A $10 trillion market of nothing but trading certificates!

Theoretically, the system would be adopted worldwide and the total global cap would be designed to reduce global warming. This sounds great right? But wait: it turns out that global warming might not even be real. This is not about saving the Earth. There’s a lot of money and power riding on climate legislation.

Cap & Trade will be just another tax and financial burden on the citizens of the U.S. It is an international wealth shifting program designed to weaken the U.S. economy, make elite richer and secure their power for years to come. Remember these are the same people that said:
“Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about?” – Maurice Strong, a primary power behind UN Agenda 21, architect of the Kyoto Protocol and CCX Board Member.

“I believe it is appropriate to have an over-representation of factual presentations on how dangerous it is, as a predicate for opening up the audience to listen to what the solutions are, and how hopeful it is that we are going to solve this crisis.” and…

“Adopting a central organizing principle means embarking on an all-out effort to use every policy and program, every law and institution, to halt the destruction of the environment.” – Al Gore, founder of GIM and major investor in CCX
Wake up, America! Something is very wrong with this picture. Write your representatives and tell them we are not interested in Cap & Trade or subsidizing the cost of switching to alternative energy systems on an artificial schedule. We can be good stewards of the earth without destroying our country or making the elite richer. Through American innovation we will continue to move toward cleaner energy and more thoughtful environmental policies but not at the expense of our own economic security or personal liberties. This is a scam! This is redistribution of wealth and an elite power grab. More to come…

Saturday, April 9, 2016

Chicago exchanges head for green war over carbon emissions

Ann Saphir
July 21, 2009

Green may be the hue of environmentalism, but it's still the color of money to the Chicago futures exchanges vying for control of the nascent trading market in carbon emission credits.

CME Group Inc., the world's largest futures exchange, and the Chicago Climate Exchange, led by Richard Sandor, inventor of bond futures, are both angling to dominate a market that could generate $120 billion in carbon-credit trading annually if a so-called cap-and-trade system becomes the law of the land.
“We are talking about what will be the biggest commodity ever traded,” said Mr. Sandor, executive chairman of London-based Climate Exchange PLC, which owns the Chicago exchange. At 6 billion metric tons, the U.S. carbon emissions market is expected to be about three times the size of the European market, where another of Mr. Sandor's exchanges dominates trading. “Every time a mandated market has come through, it's provided us enormous opportunities.”
Such a mandate is in climate legislation that passed the U.S. House last month; the bill faces a tough fight in the Senate, but the Obama administration supports so-called cap-and-trade regulations as a way to reduce global warming.

Passage of the legislation would set off a furious race between Mr. Sandor's Chicago Climate Futures Exchange and CME. The Climate Exchange has an early lead — it handles the lion's share of carbon credits trading under the Regional Greenhouse Gas Initiative, the nation's first mandatory carbon-emissions reduction program. It also dominates across the pond, where Mr. Sandor's European Climate Exchange has an 87% market share in futures on European emissions permit trading.

And Mr. Sandor brings deep experience: He helped design the U.S. Environmental Protection Agency's acid-rain reduction program, launched with the 1990 Clean Air Act and credited with driving down emissions of acid-rain producing sulfur dioxide. In 2003, he built the Chicago Climate Exchange, the first U.S. voluntary carbon emissions market.

The 'offering to beat'

The Climate Exchange is the “offering to beat,” Chicago-based Raymond James analyst Patrick O'Shaughnessy said in a recent note summing up the competitive landscape of cap-and-trade.
“We believe that the Climate Exchange's dominance in the European and U.S. carbon markets will be too much for other challengers to overcome,” he said.
But if any exchange can overtake Mr. Sandor, it's CME. The Chicago juggernaut, which handled contracts tied to a quadrillion dollars of assets last year, is in talks with regulators over the creation of a Green Exchange owned jointly with market participants including Constellation Energy Group Inc., Goldman Sachs Group (GS) Inc. and J. P. Morgan Chase & Co. By waiting for legislation to take clearer shape, CME may be able to craft its exchange to match the new regime.
“We are not too late, but we're not too early,” said Randy Warsager, director of green products at CME, which recently launched several emissions-based contracts, including ones targeted at the European market. 
Those contracts will be moved to the Green Exchange once it is launched.



Christopher Rodriguez, CME's managing director of business development, said CME's advantage is partly sheer size, with its extensive list of clearing members and its global electronic trading system. Also important, he said, will be savings for traders, who will put up only one margin deposit to trade on the Green Exchange and the CME-owned New York Mercantile Exchange, which controls oil and natural gas futures.

Mr. Sandor, 67, points out that CME's dominance hasn't helped it establish much of a foothold in existing emissions markets like Europe, and that his clearing and technology agreements with IntercontinentalExchange Inc., Nymex's biggest rival in energy-futures trading, give him similar reach and efficiencies. Last month, Atlanta-based ICE took a 4.8% stake in Climate Exchange.
“We've done pretty well over the last three years of competition with the big boys,” Mr. Sandor said.


Will existing contracts go obsolete?

Still, Climate Exchange PLC has lost money during that time. And despite explosive growth in Europe, volume has tapered this year at its U.S. exchange in part because investors worry that existing contracts will become obsolete under the federally mandated cap-and-trade system.

As the bill currently is written, Climate Exchange contracts won't qualify for trading under cap-and-trade, said Allison Shapiro, who studies voluntary carbon emissions markets for Washington, D.C.-based Ecosystem Marketplace. Still, she said, if Mr. Sandor successfully petitions the EPA to admit the exchange's contracts to the federal system, trading “could see huge growth until 2012.” After that, she said, it's unclear what role, if any, established exchanges will have.
“The only thing definitive at this point is that the Commodity Futures Trading Commission makes the rules over this,” she said.
Ann Saphir is a reporter at Crain's Chicago Business, a sister publication of Pensions & Investments

Friday, April 8, 2016

Special Report: Carbon Trading: The World's Next Biggest Market

Green Chip Stocks
2006

If you haven't been following the debate surrounding capping and trading emissions, you're missing out. Not only does it have implications for how our nation — and the world — produces energy; it has the potential to offer a myriad of opportunities for well-informed investors.

You see, California has been asking for permission to regulate greenhouse gas emissions since 2004, but the philistines at the Environmental Protection Agency (EPA) have yet to grant it permission to do so.

For quite some time the EPA's excuse was that they didn't have the power to regulate emissions. That's funny. . .greenhouse gases harm the environment and the EPA is supposed to protect the environment. Maybe their organization should consider a name change.

Back in April, the Supreme Court ruled that the EPA did in fact have the authority to regulate greenhouse gas emissions. Like we didn't see that one coming.

After that decision, you'd expect everything to come up roses. But this administration doesn't make anything easy, even obeying Supreme Court decisions. So here we are, a substantial time since that decision, and the EPA still hasn't given California (or the eleven other states that would do so), permission to regulate emissions.

And while it would be nice to have the federal government's support, it looks like the rest of America is ready to move on without it.

Already, corporate behemoths like General Electric, DuPont, Johnson & Johnson, and others have come together to form the United States Climate Action Partnership.

Even oil juggernauts like Shell, BP, and ConocoPhillips have joined this coalition, which calls itself "an expanding alliance of major businesses and leading climate and environmental groups that have come together to call on the federal government to enact legislation requiring significant reductions of greenhouse gas emissions."

Now you can be certain the environmental groups that are a part of this alliance are there with pure intentions, but I'm willing to bet some of those companies are looking for a way to make a buck from the capping of emissions.

Carbon Market Potential

According to a recent New York Times article, carbon trading is one of the "fastest-growing specialties in financial services." And companies are scrambling to get a slice of a market now worth well over 100 billion and that could grow to $1 trillion within a decade.

The article, "In London's Financial World, Carbon Trading Is the New Big Thing," goes on: "Carbon will be the world's biggest commodity market, and it could become the world's biggest market over all."
If you doubt that assertion, consider this: Every year, humans generate about 38 billion tons of carbon dioxide.

And that number will continue to grow, as developing nations demand more energy that will likely be produced by coal and other carbon heavy sources of fuel.

As more international governments start to regulate their country's emissions, and as more companies start to voluntarily limit their emissions (as we're seeing in the U.S.), the demand for available carbon credits will skyrocket. And so will their price!

One need only revert to the simple law of supply and demand to see that this industry is going to be huge. If increased demand dictates an increase in price, getting in now could be one of the wisest investment moves you make in the first half of this century.

Carbon Trading: an Introduction

Europe has had a carbon market (surprise, surprise), for quite some time now. Each member state of the EU gets an annual emission allocation, which is then divvied up among its worst emissions-producing companies.
The companies are then legally obliged to produce no more emissions than they are allowed. If a company comes in under target, it can sell its excess allowance as "carbon credits" to other firms that have overshot their targets. But if it exceeds its target, it has to pay a penalty and then go to the market to buy credits to make up the difference.

Right now, with an abundance of carbon credits available, their price is relatively low. But with the second phase of the program (2008-2012), starting to rev up— bringing with it a reduced amount of credits and more stringent targets — the price of carbon credits is set to explode.

The United States has a version of a carbon market as well. . .

Established in 2003, the Chicago Climate Exchange (CCX) is one of North America's only voluntary and legally binding greenhouse gas (GHG) reduction and trading systems.

The companies that join the exchange commit to reducing their aggregate emissions from the same baseline used by the EU: 6% by 2010. Currently, the exchange has more than 200 members, ranging from corporations like Ford and Motorola; to municipalities such as Oakland and Chicago; to educational institutions such as Tufts University and the University of Minnesota; to farmers and their organizations such as the National Farmers Union and the Iowa Farm Bureau.

Emissions reductions are independently verified and count for about 4% of total U.S. GHG emissions — leaving plenty of room for growth.

Investing in Carbon

The only pure play is to buy Certificates in Emission Reductions (CERs). However, the sole way to currently do so is through an established carbon fund set up by huge capital firms. The most well-known firm that does this, Climate Change Capital, requires a minimum investment of $33.3 million — leaving little opportunity for small investors.

Or, you could invest directly in the company that owns the carbon exchange Climate Exchange Plc. (LSE: CLE).

These guys cornered the market early. They even own the Chicago Climate Exchange (CCX).
But if those shares are too pricey, there's still hope for getting into the carbon market.

More than One Way to Profit

Carbon isn't just a one trick pony. There are a few ways to make sure you get your share of this opportunity.

You see, as this industry grows and matures, companies are going to be looking to make money from it in any way possible.

So if you don't have the $33 million and change needed to break into trading CERs, there's still hope.
For starters, you could invest in companies that reduce emissions simply by the nature of their business. Companies that produce clean energy will soon be profiting on two fronts; they'll be selling their power and the carbon credits they acquired while making it.

For example, a company that produces electricity via a clean renewable resource may not only sell the electricity, but also the carbon credits earned from not burning fossil fuels. . . so long as the emission reductions are certified by an independent third party.
Recent Carbon Headlines Senate Committee Passes Bill to Force EPA Action on CA Waiver
GE, AES Ramp Up Venture Behind Green Credit Card
Global Voluntary Carbon Market Grows by 200 Percent in 2006
XShares to Develop Carbon Emission Credits ETFs
Blue Source Moving into Carbon Trade Standards
Lawmakers Unveil Industry-Backed Climate Bill

Of course, this arrangement would be much easier to understand and keep track of if a cap and trade system were implemented by the federal government. In fact, just capping the amount of emissions would do wonders.

Today, only 3% of our electricity is renewably produced. A 12% increase in the next twelve years would not only send renewables through the roof, but would create a pretty sweet carbon market as well.

As the demand increases for carbon credits, many companies are coming on the scene that specialize in reducing emissions. These are companies that help reduce the overall emissions of a variety of businesses, like farms, factories, and utilities.

These companies are not only getting premium consulting fees, but a portion of the carbon credit proceeds, as well.

You should take a look at Ecology & Environment Inc. (AMEX: EEI), which offers a range of environmental consulting services, including environmental planning, management, and regulatory compliance.

This is just one example of such a company, and there's yet another way to tap into this industry. As more governments begin to cap carbon emissions and initiate trading schemes, there will need to be regulatory bodies that measure and confirm reduced emissions. And those agencies will need new instruments and technologies to measure and record.

The bottom line is, the savvy investors that stay on top of this nascent industry will witness the birth of an entire new generation of dominant companies - and the making of legendary profits.


Thursday, April 7, 2016

NJ Gov. Jon Corzine, Hot Air, Obama and You

NJ Gov. Jon Corzine is working Barack Hussein Obama’s campaign. Word is Corzine is promised a high level position in the Treasury in an Obama Presidency. Corzine was former CEO of Goldman Sachs. A NJ local News Source said that Corzine told Merrill Lynch and his Wall Street buddies that this financial crash will be fixed in an Obama administration. No details on how though. Merrill Lynch has offices in NJ and it seems they are very worried.

Maurice Strong is involved with Chicago’s Climate Exchange. Al Gore is chairman of a private equity firm called Generation Investment Management. That firm invests money from institutions and wealthy investors in companies that are going green. Generation Investment Management purchases carbon dioxide offsets. The co-founder of Generation Investment Management is former Goldman Sachs CEO Hank Paulson, who is currently the Secretary of the U.S. Treasury. Goldman Sachs bought 10% of Chicago’s Climate Exchange shares for $23 million. Chicago’s Climate Exchange owns half of the European Climate Exchange, Europe’s largest carbon trading company.

Maurice Strong: Chicago Climate Exchange’s board member. Canadian Maurice Strong has made a career and a fortune out of financial rip-offs. Strong served on the board of the International Union for the Conservation of Nature (World Conservation Union) and was an advisor to the UN’s Kofi Annan. Among many other things, he was the first Executive Director of the United Nations Environment Program in the 1970’s and Secretary General of the 1992 UN Conference on Environment and Development, also known as the Earth Summit.

Goldman Sachs: The largest shareholder of the Chicago Climate Exchange and the second largest shareholder of the InterContinental Exchange. In fact, Goldman Sachs put Al Gore into the carbon offset hedge fund business in 2003 when David Blood, a former CEO of Goldman Sachs Assets Management, along with two other former Goldman Sachs officers, helped Gore establish his firm, General Investment Management, which focuses on “Sustainable Investing” by peddling carbon offsets.

Jon Corzine: Governor of NJ. He retired from Goldman Sachs in 1999 after taking the firm public and receiving at least $320 million worth of its stock. He ran for the Senate in New Jersey in 2000, spending more than $60 million of his fortune to win the seat. The bubble of high-priced technology stocks began to burst in March 2000. In August 2000, the SEC issued a warning against aftermarket sales, also known as “laddering.” “I’ve never even heard the term ‘laddering’ before,” Corzine said. However, Nicholas Maier of Cramer & Co. said it happened on Corzine’s watch. “For Corzine not to know of a common practice being utilized to generate and manipulate stock prices would be surprising,” Mr. Maier said. “He was obviously there during this time. I definitively saw his company engaged in illegal activity. They (the SEC) expressed to me that laddering is a trickier thing [to prove],” Maier said. “I will say it. They did it. They laddered. Whether the SEC can construct a case is a different story.”

Al Gore: Owns a carbon trading business, Generation Investment Management. They were banked with the Lehman Bros. The Generation Investment Management business has considerable influence over the major carbon credit trading firms that currently exist.

Merrill Lynch: Deeply involved in the Carbon trading business. They are a founding member and primary sponsor of the U.K.-based Carbon Disclosure Project. Merrill Lynch is headed by John A Thain, who is a Goldman Sachs alumni.

Lehman Brothers: Created a propaganda piece last year about climate change so that their investors would keep getting high profits from the Kyoto carbon trade scheme and the support of huge public subventions. All that, of course, with the applause of the usual choir of politicians, the entire media and the Greens. A year ago they couldn’t predict their bankruptcy but were predicting the climate 100 years ahead. Thousands of green militants have been using the Lehman report as a proof of global warming and impending chaos. The report is the basis for policies on climate change in Spain, Argentina and several other countries playing the progress game.

Chicago Climate Exchange: The Exchange owes it existence in part to the Joyce Foundation, the Chicago-based liberal foundation philanthropy that provided $347,000 in grant support in 2000 for a preliminary study to test the viability of a market in carbon credits. On the CCX board of directors is the ubiquitous Maurice Strong, a Canadian industrialist and diplomat who, since the 1970s, has helped create an international policy agenda for the environmentalist movement.

Joyce Foundation: Provided grant support to test the market in carbon credits. Barack Hussein Obama sat on their Board from 1998 until 2001.


Chicago Climate Exchange Scandal Obama/Gore/Goldman Sachs?

Fact of the matter is that, yes, this is very suspicious.

The people who called into question the Bush administration's connections with Halliburton were right. Maybe the previous administration did nothing wrong. Maybe this one hasn't done anything wrong either, but it is important for people to know about these connections and to realize that there might be conflicts of interest involved.

So I don't understand why people get so upset about bringing connections to light. We should all be on the same side here. Nobody wants a corrupt government. Nobody wants to have to play by the rules while others, who are well connected, get away with murder. That's not right.

I think this is as important a story as the story of Bush administration's connection to Halliburton. But I don't understand the double-standard about it. The media did a great job covering the Bush administration's connections with (and possible conflicts of interest with) Halliburton and, of course, supporter's ignored it and put down those who exposed it.

The media is doing a terrible job of covering Obama's corporate connections, and supporters are, of course, ignoring it and putting down those who are exposing it.

The Bush supporter's were wrong and now the Obama supporters are wrong. They are missing the same point missed by those who supported Bush. It's about transparency, stupid! It's about reducing the chances for corruption. It's about making sure that EVERYONE has to play by the same rules.

Someone I respect likes to say "It's about equal justice, not social justice."

These guys... they aren't interested in equal justice.  


Related:

Tuesday, April 5, 2016

Maurice Strong on climate 'conspiracy', Bilberberg and population control

Maurice Strong Speaks To Journalists At Beijing International Airport
Photograph: Wilson Chu/Reuters/Corbis Leo Hickman

Former UNEP boss and environmentalist Maurice Strong's interview with Leo Hickman
June 23, 2010

What's your reaction to how your name has been used and abused over the years?

I've got used to criticisms and, naturally, I try to make sure I don't listen to the more extreme ones because most of the people who have taken their rightwing extremist view of my life are people that I've never met. Most of my supporters are people who actually know me. I just continue to do the best I can and I don't bother to try and respond to every little bit because the best response is just to keep on doing what you think is right.

Is this a phenomenon that has happened over the past decade or so during the internet age, or have you attracted criticism all your career stretching back to the 1960s?

Way back when I headed the Stockholm Conference on the Environment in 1972, I was roundly criticised then. I learn something from criticism because when it comes from sources you respect you always examine it and learn. However, the extreme criticism and attacks exclusively come from people I don't know who have an ideological basis for their criticism, and, most often, very little factual basis. I remember years ago the rightwing magazine in the US, the National Review, had me on their cover saying something like Maurice Strong is not a household name, but it perhaps the most dangerous person around, but they didn't interview me or anything. But I've had my positives too. Just recently I was in the Netherlands receiving the Franklin Roosevelt Freedom award.

Some of the criticism, particularly in this internet age, can be like a virus, going completely unchallenged…

If I spent my time responding to it I'd be doing nothing else. The best thing is just to keep doing what you think is right. I have a website for people to get some factual information about me. That is a type of response, I suppose. Anyone who is seriously interested in me would usually do a little more homework and realise that the extreme criticisms are almost exclusively ideologically based. And they don't bother with facts, they just distort or misrepresent the facts. They haven't silenced me.

Are you now retired?

I passed retirement age at the UN long ago. I left after the role I was in most recently which was Kofi Annan's representative in the North Korean issue. But North Korea withdrew their support for the UN and, incidentally, I drew some negative comments about why I left the UN, too. But it just happened that my contract expired and I was already over retirement age.

So there's nothing in the allegations about your involvement in the oil-for-food scandal?

There was lots of controversy about it, but very little attention was paid when it become clear that I didn't [have any involvement]. I had nothing to do with the oil-for-food scandal and there was an enquiry that made this clear. But I did have a relationship with one of the people involved with helping me on North Korea, who came from North Korea itself. That gave rise to some controversy and then when there was a report on it that made clear that I had not done any of those things there was very little publicity for that.

I am retired from all my official roles, but I am still very active. I have close relationships at the UN. I don't have any role at the UN, but I'm still quite cooperative with a number of UN activities, in particular to China and that region. I don't have any government responsibilities or formal role. I continue to be active, though.

Have you wound down your business interests?

I don't do very much. My son is the main shareholder of my company and I help him explore some of those opportunities that are related to things I know about, such as energy and the environment. But I'm active because I can't think of anything else to do in my so-called retirement.

A lot of the criticism you seem to attract is founded on the belief that, via your extensive portfolio of business interests and bureaucratic roles, you are somehow plotting to establish a new world order. How do you respond to this accusation?

I think it exaggerates my influence, my power and my intention. Anyone who wants to look at the record over the years can see that I've been subjected to that kind of criticism, but I've always made it clear that I do not believe that global government is either necessary of feasible. What I do believe is that we need a system of global governance through which nations can cooperate and deal with issues they cannot deal with alone. Maybe that statement is too sophisticated for some but it shouldn't be.

The ultimate example is climate change. I prepared a piece recently on what I call the "Survival Agenda", pointing out that the UN agenda has something like 150 items on it and it is impossible to get an item off the agenda due to the constituencies that keep them on there. However, many just don't need to be on there. They can be dealt with by other organisations, or are no longer relevant compared to when they were put on the agenda. What we need is to give special priority to those issues that affect our actual survival and I've boiled this down to about seven issues. We've got to realise that we blithely assume that life will continue no matter what because it always has. But it's not correct that it always has.

Look at the history of planet earth – there's only a minute moment of time when the conditions have been conducive to human life. We are literally altering those conditions and my motivation is to alert people to this. I believe that we need a degree of cooperation on these issues that goes beyond anything we've ever seen before. During a war we get a lot of co-operation, but we also get a lot of rivalry. In the second world war, nations co-operated. There are examples of co-operation during periods of special need. But things are happening now that could really affect the future of humanity and that's what drives me. It doesn't mean I'm right about everything, but that is my purpose.

A common cry among your critics is that you are a socialist, a communist. Your links to China and North Korea give rise to that view with some. This, they argue, is all part of some secret agenda to create a totalitarian, unelected world government. Is this something you recognise? Are you – or have you ever been – a communist?

I've certainly never been a communist. [Laughs.] It doesn't mean that I don't look critically at all systems. The capitalist system has proved itself not able to deal with all of society's problems. In terms of socialism, yes, I've been accused of that. My belief is that the purpose of economic life is to meet the social needs of people.

My kids sometimes ask me: "Are you a socialist or a capitalist?" I'm a socialist only in the sense that I believe that the purpose of economic life is to meet the social needs of people. I'm a capitalist in that I believe that's the best way to do so. Capitalism is not an end in itself but a means of creating and managing wealth to help meet social objectives. To me some people define socialism as the ownership of enterprises by governments on behalf of society. Well, sometimes that is very necessary.

In Canada, we've never had a socialist government at the federal level, but we've had state corporations, or what we call crown corporations. There are times when every government has state involvement in the economy. In the US, take a look at the single biggest industry – the defence industry. It is very much state-controlled. I believe that the government is actually a very poor owner of enterprise. I've run enterprises in Canada that were owned by government and never believed that government was the best owner of enterprise.

Is the concept of a free market, given the environmental challenges we face, a dangerous concept for humanity?

It's not free and never has been. Just look at the level of subsidies that every government provides. Even today, governments continue to subsidise fossil fuels or other things that are environmentally counter-productive. The market economy has seldom ever been free and we've seen recently the dangers of an unregulated, unrestrained market economy. I think even those who believe in the market economy must accept that it produces some unwelcome by-products and economic winners and losers. It demonstrates that a totally free market economy simply isn't workable.

So an ever freer market is a wrong-headed goal in your view? And increased regulation is preferable?

Up to a point. There are extremes of regulation. There has to be a balance. The democratic system, in theory, permits this constant re-examination of this relationship between government and enterprise.

Given your understanding of China, what in your view is the better model in the decades ahead – the Chinese model or the Western model?

I don't think there is any perfect model anywhere. We know already that the US model is not working. With the bail-outs and takeovers some of the US's main companies are now controlled by the government. We know that pure capitalism hasn't worked. In China, they have used their system – which they call a socialist market economy – quite well to achieve their objectives. It's also in a continuous process of evolution. I've had a working relationship with China nearly all my adult life. I've seen the remarkable progress they've made and are still making. They're quick learners. They tend to be among the best in terms of business and industry. They have learned how to use the methods of capitalism to meet their own goals of socialism. China is among the best managed countries today. Not perfectly managed, of course

Where would you instinctively rather live? In China, or in the US or Canada?

I've spent a lot of time in China and, with my environmental interests, China is about as good a place to be at the moment. China was pretty slow at the beginning. [The environment] was a side issue compared to the economy. But China has now recognised that undermining the environment is one of the risks to development. They have become very environmentally minded.

After the Copenhagen summit there were lots of accusations that China had pulled the rug out from any agreement…

I was there, but didn't have any influence. That is a lame excuse for the West. China is actually doing more than most other countries in the world to reduce its emissions. For example, its automobile emissions standards are tighter than those of the United States. The problem is the economy is growing so fast. The Chinese will continue to do more on their own emissions than an international agreement asks them to do, but they are not prepared to do them under an international agreement unless and until those who created the problem in the first place, and brought us up to these thresholds of danger, are doing what they've got to do. China's position is very consistent.

What most people missed about Copenhagen was there was no agreement in prospect. But what it did do is underscore that China must be accorded the kind of political status that its economy now demands. It's interesting that the final statement at Copenhagen was a statement between two countries – China and the US. That in itself is very significant. China has its own internal dangers, of course, but it has never been one to take over its neighbours. It has boundary disputes. It could easily overrun its neighbours, but it doesn't do that and I don't think it is likely to. But China is on track to be the largest economy in the world and, with it, it has a growing political influence.

Does this please or displease you?

I would say neither of those things. It's a perfectly proper objective for it to pursue. It has already lifted more of its own people out of poverty than any other single nation. Whether it will work in the future, as it has done in recent times, I'm not sure, but I don't see any signs that China increasing its power is a great threat.

It sounds as if your heart and sympathies are more with China at the current time than with the West. Is that correct?

I wouldn't say that. I'm a westerner, but I believe that the rise of China is good. It's not a danger and it will be a benefit to create a little more balance in the world where it's not dominated by one country. The US will continue to be a major force in the world, and that's good, but it's not going to be exclusively dominant as it has been in the past. The rise of China, and others in Asia, means the centre of gravity in world geopolitics has now moved towards Asia. My sympathies are with the East to the extent that I believe that it's inevitable – and should be good – that the power structure of our world community is accommodating of the fact that Asia is the largest region in economic and population terms. I can see how it could go wrong, too, but Western leaderships haven't always provided the ideal world we all hoped for. We are still a minority in the west. We can't continue to have it all our own way.

One of the strongest criticisms that you face is that, because you have had a varied career involving business interests and roles at the UN, you somehow created the climate change issue to profiteer from your business interests via, say, cap-and-trade and the Chicago Climate Exchange. Or that it is all a Trojan horse for you to advance your political objectives. How to respond to this?

It shouldn't take anyone too long to understand that it would be pretty difficult for a single person to mount a conspiracy that involves most of the world's [climate] scientists and to get them all to join this conspiracy. I'm not a scientist, but I've been close to science and seen that scientists don't reach consensus very easily. There's a tremendous process of dialogue and differences. To see climate scientists reach the level of consensus that they have is a major thing and couldn't be the result of a conspiracy that one person could ever engineer.

And what about the idea that you are somehow profiteering from climate change? That it's a device for you to make money through cap-and-trade?

I was on an MIT panel on climate change in 1968, I think it was, before the Stockholm Conference. But I was lucky enough to have already made enough money from business at that time. It's true that I do get a modest fee from Chicago Climate Exchange, which I helped Richard Sandor to found, because I believe the cap-and-trade system, while not perfect, is one of the best ways to ensure that people have the incentive to reduce their emissions at the lowest cost. That's a long way from suggesting that I could invent the climate change issue to make profit. People call me very rich. I'm rich in experience, but most of my money has always been spent on the causes I'm interested in. No one should feel sorry for me for being poor, but I'm certainly not very rich.

You're painted as this billionaire figure who strides all these global institutions reaping profits from the so-called cap-and-trade "scam" and your interests in China. Do you just laugh this off?

Well, it's just not true. You can check my credit report and see that I'm credit worthy - but just barely [laughs] - and I've never been anywhere close to being a billionaire. Also, it's never been my main purpose in life. I have business interests, but they are pretty modest and I believe that business has to contribute to the solutions. To do that, they have to be profitable. If people think I shouldn't have ever made a living, then perhaps I should have just passed the hat around to keep my affairs going. But I think if you look at my business record you will see that not everything I have ever done has been successful, by any means, but I have fought to contribute to the solutions of these problems.

Will the BP disaster in the Gulf of Mexico help President Obama push through his climate-change legislation?

I don't have an inside track, but I think it could help and probably should help. But the oil industry has lobbyists and the power of money has tremendous influences. No other industry has more than the oil industry. It's a good industry and I was in it myself. I was jeered when I set up Canada's national oil company – Petro-Canada – because I made every proposal that came to management have to have an environmental assessment. People in the industry at that time laughed at it and that was another source of criticism for my crazy ideas. The oil industry is very important, but it, too, has its excesses and the BP disaster is demonstrating the tremendous consequences of its excesses. We have to move away from oil now – and are at the very early stages of doing so – not because the oil is running out, but because of the economic and environmental consequences.

Some of your critics claim that you are part of a shadowy elite who gather together and work out how to run the world. Your name has been linked to the Bilderberg Group, the Illuminati, and, with your connection to the Rothschilds on the record, the "Jewish banking conspiracy". What are your connections to these groups?

I have got lots of connections, but they're not among them. I've never been a member of the Bilderberg. I don't have any special relationship with the Rothschilds. I knew Edmund Rothschild at one stage. He's passed away now, but was a very creative fellow who took an interest in Canada. I don't think I've ever done a piece of business with the Rothschilds. I've been on various foundations: the Rockefeller Foundation, and I worked with Ted Turner in helping him to set up the UN Foundation. But I got off most of those things because I got a little older and attending all the formal meetings was difficult physically because I've had health problems. What was the other one?

Illuminati - a group that has its origins in 17th Century Bavaria and is said to be planning a new world government.

[Laughs] Well, I've certainly never had any contact with anyone from that organisation, or that I knew was connected to that group. Maybe someone I knew had a connection with it, but I certainly don't have any relationship with it. And I'm not in favour of a world government, as I've said. It's not even feasible. I do believe that governments have to work together. That's one of things that really concerns me about the future. I really do believe that our future is in doubt.

So are you pessimistic about the state of the world?

Analytically, I'm pessimistic. I believe the odds are against us for making the changes we need to make in time. But, operationally, I'm optimistic because I believe that it is still possible. Tougher the longer we delay it. That's why I'm trying all these things because I believe we should still be trying as long as it is still possible. My pessimism is based on whether I think we will actually make these changes. At the Rio Summit, which I ran, a group of enterprises prepared a report called "Changing Courses". These were not environmentalists, they were CEOs of major companies and they said our present industrial civilisation is not viable unless it changes course. That was back in 1992. The need to change the course – not to replace it with some communist system – on which we are now embarked was absolutely imperative way back then. Now we have more companies agreeing with us, but we also have more opposition. I do believe that we are at risk.

Your name is often associated with terms such as eugenics and population control. What is your definitive position on the human population? Do we need to radically reduce the number of people on this planet? If so, how?

There is no question that growth in the world population has increased the pressures on the Earth's resources and life-support systems. Now that doesn't mean that the Earth can't support this number of people. There are much more stringent and disciplined ways of supporting the increase in population. The increase in population is occurring today mostly in countries without the resources to look after these populations.

China's one-child policy is not a perfect policy by any means, but, on the other hand, how do you control growth in your population? China has done a remarkable job in increasing the well-being of one of the largest populations in the world, but it's not easy.

There's no question that if you look at the growth in population and the growth of the economy that the pressure on the environment and resources of the Earth have come not from the increase in population, but rather the impacts of the existing population.

All the people on the Earth aspire to a better life. If all of them enjoyed the same patterns of consumption that we in the West do, then we would have an unsustainable situation, and we're actually on the way to that now. We are in a situation that is unsustainable. In some of the densest city states, such as Singapore and Hong Kong, you see that it's possible to have a decent life, but only by reaching out to the rest of the world for supplies and support.

So they are financially successful, but they require a disproportionate share of the world's resources. On a global basis, that would inevitably create an unsustainable world.

So, with a global population approaching 7 billion and predicted to reach 9 billion by 2050, do we just let this rise happen, or, in the West, do we have to start thinking along China's lines by introducing rules and regulations about how many children people can have?

There is quite a lot of evidence to suggest that China's one-child policy hasn't been the only form of population control in that country. As the economy helps people in their lives, they tend to have fewer children.

So one child in the US, could equal the consumption levels of 10 children in Africa or India?

That's what I believe. It may be possible that the Earth can sustain a larger population, and seems inevitable with current trends, but it will require better constraint and discipline. It will be hard to enforce, therefore. The increase in population will create a huge dilemma and sources of conflict. For example, population growth in places like Europe used to be balanced by emigration, but today the borders of the world are closing and the pressures on Europe, for example, will grow. The combination of population growth and the growth in consumption is a danger that we are not prepared for and something we will need global cooperation on.

This is the toughest issue of all, surely. How do you go to someone - unless you live in a totalitarian government such as China's - and say to them that they must limit the number of children they have?

Nature will provide solutions much tougher than we could ever provide if we don't do something ourselves. Secondly, I was deputy minister in the Canadian government at a very young age and I made a speech in Canada in which I said that, with a growing global population, we will have to recognise that having children is not just a personal issue but a societal issue and at a certain point we may be faced with a need to have a permit to have a child. My minister was getting all sorts of calls from archbishops saying, "what is he saying?" I had to explain that I wasn't advocating this, just that this is what might happen if we don't find better ways of doing it. That was controversial and I've been used to controversy ever since. Over the years, I've also noticed that this is one way of getting attention. For example, you'd probably never heard of me if people weren't always attacking me. It is, perhaps, a peripheral benefit that the attacks call attention to the issue.

You don't lose sleep when Glenn Beck dedicates a show to attacking you?

You know what? I haven't actually seen that show. But we wouldn't be having this conversation if he hadn't attacked me. I'm never going to be immune from criticism. I've always had lots of it and the internet has given it a proliferation of dissemination. I don't respond to it all, but I listen to it. My family gets irritated by it, but it's something that's been part of my life for so long that at my age I'm philosophical. I concentrate on the positives such as being honoured with a professorship seven or eight times. I could just fade away and, at my age, to some degree I am, but I'm not going to fade away any more than I have to.

Sunday, April 3, 2016

Maurice Strong and the Collapse of Industrialized Civilizations


In 1990, a small, round faced Canadian described a scenario to a reporter. He envisioned a small group of world leaders concluding that the rich countries were the “principle risk to the Earth.” This group then created a plan to get the rich countries to “sign an agreement reducing their impact on the environment.” When the rich countries refused, the group decided “the only hope for the planet” was for the industrialized civilizations to collapse. He pondered, “Isn’t it our responsibility to bring that about?”

Two years later, he helped lay the foundation for the Kyoto Protocol at the Earth Summit in Rio De Janeiro. His name is Maurice Strong, and he would love to see America collapse.

Who is Maurice Strong?

Billionaire Canadian Maurice Strong is a man of profound influence. He’s the “Michelangelo of networking,” “an international traveling salesman with buts [sic] of paper in his pocket” and described as “a cross between Rasputin and Machiavelli.”

Life and Times: Maurice Strong

He is known as the “Godfather of the international environmental movement” and the “architect of the Kyoto Protocol.” Both of those are ironic titles for a man who started out in the oil business.

Strong traveled Africa in the 1950s, creating a network of service stations for Dome Petroleum and recruiting locals to man them. In the 60s, he took Ajax Petroleum, renamed it Canadian Industrial Gas & Oil Co., and turned it from almost busted into an oil giant. In 1975, Canadian Prime Minister Pierre Trudeau started a state-owned gas company. Strong accepted the position as president of Petro-Canada.

While his private sector resume is impressive, it is his public sector experience that is shaping environmental policy today. While he was dabbling in oil, he was also starting his political career. In 1966, Strong led the Canadian International Development Agency. After four years of that, he went to the United Nations.

In 1972, Strong was the secretary-general of the United Nations Conference on the Human Environment in Stockholm, Sweden. Later, he was executive director of the UN Environmental Program.

He has had other positions of influence at the United Nations, including “commissioners of the World Commission on Environment and Development, set up as an independent body by the United Nations in 1983″ and senior adviser to secretary-general Kofi Annan [see Men Who Run the World].

Journalist Elaine Dewar interviewed Strong and wrote about him in her book Cloak of Green. She writes:
“He could raise his own money from whomever he liked, appoint anyone he wanted, control the agenda.”
“He told me he had more unfettered power than a cabinet minister in Ottawa. He was right: He didn’t have to run for re-election, yet he could profoundly affect lives.”
That “unfettered power” led to his role in creating the Kyoto Protocol.

“An agreement reducing their impact on the environment”
 
In 1990, Maurice Strong gave an interview to WEST magazine, where he described how he envisioned the Earth being saved:
“Each year the World Economic Forum convenes in Davos, Switzerland. Hundreds of CEO’s, prime ministers, finance ministers, and leading academics gather each February to attend meetings and set the economic agendas for the year ahead.
“What if a small group of these world leaders were to conclude that the principle risk to the earth comes from the actions of the rich countries? And if the world is to survive, those rich countries would have to sign an agreement reducing their impact on the environment? Will they do it? Will the rich countries agree to reduce their impact on the environment? Will they agree to save the earth?
“The group’s conclusions is ‘no.’ The rich countries won’t do it. They won’t change. So, in order to save the planet, the group decides: Isn’t the only hope for the planet that the industrialized civilization collapse? Isn’t it our responsibility to bring that about?”
Two years after making that statement, Strong laid the foundation and helped in the creation of the Kyoto Protocol. According to Wikipedia, “The Kyoto Protocol is a protocol to the international Framework Convention on Climate Change with the objective of reducing greenhouse gases that cause climate change.” Another way of saying that is “an agreement reducing their impact on the environment.” What has been the result of the agreement? “The rich countries won’t do it. They won’t change.
Japan, Italy and Spain face payments of as much as $33 billion combined for failing to reduce greenhouse-gas emissions as promised under the Kyoto treaty …
Spain faces a $7.8 billion cost, and Italy and Japan each may owe about $13 billion, based on estimates by their governments and the current price for permits.
It seems the rich countries are up to their necks in fines, while the developing countries don’t have to worry about caps on emissions. Sound familiar?

If the United States were to sign the treaty, it is expected to have disastrous results:
…according to the U.S. Energy Information Agency, [ratifying Kyoto] could cost the economy $400 billion per year, raise electric utility rates by 86 per cent, hike the cost of heating oil by 76 per cent, and impose a permanent “Kyoto gasoline tax” of 66 cents per gallon. In total, each U.S. household would have to spend an extra $1,740 per year on energy. WEFA, an economic information and consulting firm, reports that 2.4 million jobs would be lost and manufacturing wages cut by 2.1 per cent.
Kyoto is actually destroying Europe’s economy. Strong, however, is not concerned with the success of the world’s economy. In fact, it seems that is part of the plan. When an economy grows, greenhouse gases tend to grow with it. Strong knows this and says:
“Economic growth is not the cure, it is the disease.” (Unless we are talking about Strong’s economic growth.)
He’s used environmentalism to make a lot of money.

“A socialist in ideology, a capitalist in methodology”
 
Maurice Strong
In the 1990s, Al Gore heaped praise on a company called Molten Metal Technology, Inc. This company, a hazardous waste management firm, claimed to have a new technology, “a promising adaptation of steelmaking chemistry to create a closed-loop system for turning industrial wastes into chemical feedstocks.”

Gore’s hype helped the company’s stock jump to $35 a share. After receiving over $25 million dollars in federal grant money from the Department of Energy, the DoE figured out that the techonology was a bust. It simply didn’t work.

Maurice Strong ran Molten Metals, and when the federal government decided to stop handing out grants, he and the other corporate officers sold off $15.3 million in personal shares of stock. The stock dropped to $5 soon afterward, but Strong had already made his money.

Today, Strong is on the Chicago Climate Exchange board of directors. The CCX “is North America’s only and the world’s first global marketplace for integrating voluntary legally binding emissions reductions with emissions trading and offsets for all six greenhouse gases.”

The more global warming gets hyped, once again by Al Gore, the more green technology is worth. So while Strong may be “a socialist in ideology,” he is definitely a “capitalist in methodology.”

The architect of Kyoto has made millions off of environmentalism, but still finds himself unable to pull America into the snare. But he has a plan for that also. In 2006, he described what he thought was necessary to keep the green movement alive… fear.

Speaking of the environmental movement post-2012, the year Kyoto expires, Strong laid out a vision for what he thinks it will take to keep the green movement alive in the hearts of world governments:
"What we really need are massive incentives for the right kind of behaviour," Strong explained at one seminar to an audience of roughly 400. "Economic incentives, but also moral incentives, ethical incentives, psychological incentives… fear."
"Political leaders cannot go far beyond what their constituents are prepared to accept, nor can those who are negative be more negative than what their constituents are willing to support," notes Strong, acknowledging that democratic solutions have their limits.
"So, politics really responds to public movements. If you look at the great movements in history, the abolishment of the slave trade and all that, they didn't start with individual policies from governments. They were forced on them by people's movements. And that's the same with the environmental movement. "
Later, he adds: "And remember: the communist revolution was a people's revolution."
Maurice Strong would not shed a tear at the collapse of the American economy or our way of life. He has stated before that “current lifestyles and consumption patterns of the affluent middle class involving high meat intake, consumption of large amounts of frozen and convenience foods, use of fossil fuels, appliances, home and work-place air conditioning, and suburban housing are not sustainable. A shift is necessary toward lifestyles less geared to environmentally damaging consumption patterns.”

In other words, the demise of the American way of life is necessary for the survival of the Earth. This perspective poses little threat from a normal environmentalist. In the hands of the “Michelangelo of networking,” “an international traveling salesman with buts [sic] of paper in his pocket” and “a cross between Rasputin and Machiavelli,” it is an all too real threat to America.

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