By John Galt
July 17, 2011
So for some strange reason, the world’s allegedly third largest economy has suddenly decided to fear the MANBEARPIG (MBP), a mythical creature created by the envirocommies and the ultimate Nobel Prize winner who demonstrates that Madoff was a piker by comparison. The MBP has convinced the old time commies of, well, Communist China, that controlling the trading of emissions which have no actual financial value is a fantastic test bed for American and European modified Marxism where banksters are allowed to rape industrialists and the middle class for the expressed purpose of making them feel better about saving a polar bear from drowning. Even though polar bears, gasp, can swim believe it or not.
From Xinhua July 17th:
So even though the Euro version of the carbon emissions trading market has crashed and burned, the CCX was exposed by Glenn Beck (and yours truly) for the fraud that it was, and then the American public rejecting cap and trade for what it was as ‘cap and fraud’ the ChiComs are going to move forward with a test project anyways.
Here’s the story:
GUIYANG, July 17 (Xinhua) — China will start a pilot carbon emissions trading project, and gradually set up a carbon emissions trading market, said Xie Zhenhua, vice-minister in charge of the National Development and Reform Commission (NDRC), on Sunday at the 2011 Eco-Forum Global in Guiyang.
China would also accelerate building a standardized system for energy saving and environmental protection, and tighten regulation on identifying and labeling low-carbon products, Xie said
China was determined to straighten out prices of resource-based products, for example, further applying differential power pricing and punitive electricity tariffs, he added.
The government would provide more incentives to develop energy-conservation technologies and products, such as preferential taxation policies, according to Xie.
China would also continue to boost financial support for green energy and manage growth in energy-intensive industries, said the vice-minister.
The capacity of the eco-economy exceeded 1.6 trillion yuan (231.9 billion U.S. dollars) during the period of 11th Five-Year Plan (2006-2010), which created jobs for 28 million people, Xie said.
Let us get this straight; the ChiComs have a fantastic investment angle because if a company or investor does not purchase interests in something they want that company or individual to, the blindfold and cigarette option remains viable because it still is a dictatorship running a police state. Thus that is the missing element to solving the failing carbon emissions trading markets in the West:
Start shooting the naysayers and forcing people to dump their IRA’s and 401K’s into these mythical investing schemes.
Coming soon to a nation near you if the EnviroWhackos get their way….