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Fraud in Europe's Cap and Trade System a 'Red Flag,'

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posted on Dec, 19 2009 @ 01:53 PM
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Fraud in Europe's Cap and Trade System a 'Red Flag,'


www.foxnews.com

In a statement released last week, the Europol police agency said Europe's cap-and-trade system has been the victim of organized crime during the past 18 months, resulting in losses of roughly $7.4 billion. The agency, headquartered in the Netherlands, estimated that in some countries up to 90 percent of the entire market volume was caused by fraudulent activities.
(visit the link for the full news article)



Related AboveTopSecret.com Discussion Threads:
Obama Admin: Cap And Trade Could Cost Families $1,761 A Year




posted on Dec, 19 2009 @ 01:53 PM
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Will the US repeat the mistakes of Europe and go ahead with this silly wasteful system of carbon credits?

Billions wasted in fraud!


"It's a lesson to be learned, critics of cap-and-trade say. Creating such a system in the United States would invite "corruption, illegality and criminal activity," much as it has in Europe, said Max Schulz, senior fellow at the Manhattan Institute.

"This is the problem with politicians trying to create a market for something that the free market otherwise doesn't value,"

www.foxnews.com
(visit the link for the full news article)



posted on Dec, 19 2009 @ 02:56 PM
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Wow a 7.4 billion dollar loss in just 18 months?

What an insane system


I never look at someone who drives an expensive car or lives in a big house and don't wonder if he/she is a criminal, either indirectly or directly.

I pray for an event that will shake people up and send everything crashing down. Our current system is beyond redemption or recovery.

These criminals will make sure our system stays the way it does.



posted on Dec, 19 2009 @ 03:15 PM
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I pray for an event that will shake people up and send everything crashing down. Our current system is beyond redemption or recovery.
reply to post by star in a jar
 


The Senate has not passed Cap and Trade so the bill is dead unless they do and prospects are good that they will not act.

All we need to do here in the US is insure that the insanity of Cap and Trade is not passed. And next November vote out as many of the Democrats as possible. They are the ones responsible!



posted on Dec, 19 2009 @ 03:36 PM
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You mean the new massive beaurocracy they have created is showing signs of curruption? I would have nevr imagined this in a thousand years. I'm shocked! I will be even more shocked if the money pledged to developing countries makes it's way into the hands of organised crime, banker accounts and tin pot dictators. Look I'm sure many of these neo-socialists have the best intentions but I just wish they would read what has happened previously in socialist/communist nations who have tried to micromanage their system and control/moniter their citizens.



posted on Dec, 19 2009 @ 03:52 PM
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I'm shocked! I will be even more shocked if the money pledged to developing countries makes it's way into the hands of organised crime, banker accounts and tin pot dictators. Look I'm sure many of these neo-socialists have the best intentions but I just wish they would read what has happened previously in socialist/communist nations
reply to post by Jacob08
 


Of course the money will be wasted by the 3rd would, there is no way to insure that it will not be! The tin horn dictators are waiting impatiently for their cut of the windfall!


You see, I spent over a year in Africa and I saw entire shiploads of American Aid laying
out on the piers rotting! If it made it past the piers to the interior then it went into the hands of the warlords and was sold for profit and to pay for guns.

Anyone that thinks to money from Cap and Trade will be used properly is smoking something!



posted on Dec, 19 2009 @ 10:23 PM
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reply to post by star in a jar
 





I never look at someone who drives an expensive car or lives in a big house and don't wonder if he/she is a criminal, either indirectly or directly.


Those who intend to profit from Cap and Trade would be the ones who are criminal. And they would be the tin horn dictators and other 3rd world leaders waiting for the windfall profits of Cap and Trade!

Can you imagine what Hugo Chaves will do with the profits?



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