Ladies and Gents,
Like with many puzzles, you can get a good view of the picture once you have assembled the edges, and a few key parts. Let’s look at the pieces:
1) Today congress made “major progess” in passing the bill in the house that would essentially make the carbon credit program a reality. http://www.foxnews.com/politics/2009/06/23/democrats-strike-deal-massive-climate/
2) The Chicago Credit Exchange is the entity which will trade all the carbon credits created by this legislation.
3) Obama is the Chicago Lawmaker who got the grant for the creation of the Chicago Credit Exchange: http://www.bloomberg.com/apps/news?pid=20601130&sid=aK_h9xuuMx7A
Now for those of you too opinionated to add that much up, Carbon Credits could be called credits, credits are similar to DOLLARS. What do exchanges do with things of value? They take them, bundle them together, and make this thing called a “Derivative”.
Do we remember what Derivatives played a critical role in? THATS RIGHT! the collapse of the housing market, which caused the collapse of the stock market, which was a major cause of the ECONOMIC DEPRESSION that you, me, your parents, your children are all apart of. Here is the post from the economists: http://www.economist.com/businessfinance/displayStory.cfm?story_id=12274112
So now, with Obama pushing this legislation through, to give life to the entity he helped create: The Chicago Credit Exchange, could this mean that we are creating the beginnings of the next bubble, which will explode and leave us EVEN WORSE than we are now?
With spending out the wazoo, twice as much money about to hit circulation, the rapid expansion of government, the neglect of the nations elected officials representing their constituency with regard for the national welfare, lets just add another HUGE bubble to explode.
I’m not saying i know whats going to happen, but i’ve been stocking up for the impending Zombie apocalypse. These wont be zombies like in the movies, but the zombies are the liberal, social, fascist pigs who are running this economy into the ground.
OK, that was crossing into conspiracy theory realm. Let’s not go there, thats crazy. Just do yourselves, your children, your great grandchildrens children a favor: wake up America, the people elected this mess, the people can change it. Read the constitution and the Declaration of Independence sometime people…
Turn off the TV, go get informed, raise hell.