LAISSEZ FAIRE MAVERICK GONE GREEN CARBON CREDITS THE PRICE OF A BIG BUFORD

So called Western environmentalism, carbon market, and greenhouse abatements, mainly helped to artificially boom Asia, especially China, enrich liberal carpetbag traders, and help further hollow out Western industries generally:

BBC article:

"That means more tough times for financial institutions. Particularly troubled is the business of investing in greenhouse gas abatement projects like wind farms or hydroelectric dams in developing countries like China. JPMorgan Chase paid more than $200 million for one of the largest investors in these projects, EcoSecurities, in 2009.

 

Financiers say these projects used to be gold mines, generating credits that industrial companies could use to offset their emissions elsewhere. But so many credits have been produced by these projects — on top of the existing oversupply of credits in Europe — that they are trading at about a third of a euro."

' carbon credit printing ', similar to fiat currency printing.......

Term search, say: Maverick Executive