Thursday, June 07, 2007

The Impending Global Liquidity Crisis by Mike Whitney

ALL:

The Impending Global Liquidity Crisis by Mike Whitney
http://www.informationliberation.com/?id=22355

This article is not on WIND but underscores the nature of the global monitory scam that drive the global warming hysteria in order to achieve this conclusion: “Maybe this will finally convince the dozy American public that the corporatists who run Washington are a disloyal gaggle of traitorous swine. “Globalization” is public relations swindle designed to steal jobs, plunder the economy, and shift wealth to ruling elites."

In order to understand the reality of DC politics in Committee chairman backs off rules for wind turbines
http://clipmarks.com/clipmark/E7273DB4-B683-4438-B1ED-C7BB4B7E1AE2/
one needs to link the global warming mantra as the excuse for further economic globalization of the world economy.

“Natural Resources Committee Chairman Nick Rahall, D-W.Va., had put into an energy bill a requirement that the Interior Department regulate the siting and operation of energy wind turbines to ensure the safety of wildlife.

His action unleashed intense lobbying by the wind industry and renewable energy advocates, who argued that such restrictions would stop wind farm development at a time when wind is viewed as the most viable renewable alternative to fossil fuels and nuclear power for producing electricity.”


From - The Impending Global Liquidity Crisis:

“The name of the game now is to keep the stock market flying-high for as long as possible while the transfer of wealth continues unabated. That means the hucksters on Wall Street will have to devise even better scams for expanding debt---increasing margin limits, escalating derivatives trading, loosening accounting standards, inflating the booming hedge fund industry, and---the new darling of Wall Street---increasing the mega-mergers, the biggest swindle of all.”

The point in The Impending Global Liquidity Crisis article is that the debt far surpasses the economic means of repayment. WIND projects are a prime example of this principle. Only a hyper inflation increase in electric rates could offer any prospects of paying for industrial wind projects. The wealth transfer to developers, underwritten by public subsidy and paid for by taxpayers and consumers is part of the global scheme to impoverish ordinary people.

When combating destructive Wind Projects, raise the link to the hucksters on Wall Street that are devising even better scams for expanding debt . . .

James Hall

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