Tag Archives: global warming

Combet Welcomes Talk Of Ten Years More Climate Talk

11 Dec

Too funny:

Climate Change Minister Greg Combet has praised the outcome of the United Nations Climate Change Conference in Durban as a significant breakthrough in tackling global warming.

The conference has agreed to begin negotiations on a new accord which would put all nations under the same legal regime.

Representatives of 194 countries agreed to move towards a new agreement to replace the existing Kyoto Protocol…

… Mr Combet said the new agreement was an important first step towards a comprehensive agreement covering all major economies.

The latte-sippers rag spins like the old newsreel footage:

A marathon United Nations climate conference has approved a roadmap towards an accord which for the first time will bring all major emitters of greenhouse gases under a single legal roof.

If approved as scheduled in 2015, the pact will be operational from 2020 and become the prime weapon in the fight against climate change.

In other news:

(Greenpeace International executive director) Mr Naidoo said the global climate regime amounts to nothing more than a voluntary deal that has been put off for a decade.

UPDATE:

Oh yes … and just by the way:

It’s been the coldest start to summer in decades for eastern Australia.

The unseasonably low temperatures started over southern states during the weekend as a mass of cold air from the Southern Ocean pushed north behind a cold front.

The cold air then travelled north through NSW and southern Queensland on Monday and combined with cloud cover has kept temperatures as much as 17C below average.

Sydney had recorded seven consecutive days below 23C, the city’s coldest start to summer in 51 years, The Weather Channel senior meteorologist Tom Saunders said.

Canberra is yet to reach 25C this month, its coldest start to summer in 24 years. Brisbane has also failed to record a day with above average temperatures over the past week, its coldest start to summer in at least 12 years.

The chilly summer weather will continue with Sydney forecast to remain below average for at least another week.

If Sydney makes it to next Thursday, December 15, without reaching its December average of 25C it will be the coldest start to summer in 77 years.

If Canberra does not reach 25C by Wednesday it will be the capital’s coldest start to summer since records began in 1939, Mr Saunders said.

More Proof That Support For Carbon Price Means Support For Killing Black People

9 Dec

Your humble blogger copped some flack via that paragon of intelligent public discourse (Twitter) for publishing a very similar headline in October.

Then, we saw how an Oxfam report shed light on the violent forced eviction and genocide of Ugandans by the UN-supported carbon credit ‘farming’ corporation, New Forests Company.

Today … in recognition of the final day of the UN IPCC’s warmageddonist conference in Durban, Africa … we look at a similar story from Honduras, as reported by Jeremy Kryt in the online In These Times.

Jeremy is a graduate of the Indiana University School of Journalism and the University of Iowa Writers’ Workshop. He has been reporting from Honduras since August 2009, and his coverage of the crisis there has appeared, or is forthcoming, in The Earth Island Journal, Huffington Post, Alternet and The Narco News Bulletin, among other publications.

Following is his report reproduced in full:

A boy stands next to a hut on a palm plantation in the Aguan Valley in August. The slogan reads "Area recovered by the MUCA," which stands for "United Peasant Movement of Aguan." (Photo by Orlando Sierra/AFP/Getty Images)

Carbon Credits in the ‘Valley of Death’

Uncovering the ugly effects of U.N.-backed ‘clean development’ in Honduras.

AGUAN VALLEY, HONDURAS–At 3,000 square miles, the Aguan River Valley in northeastern Honduras is about the same size as California’s Death Valley. But despite being green and fertile, the Aguan basin is becoming famous as a “valley of death.” Since January 2010, at least 45 displaced peasants have been killed in clashes over land rights in Aguan, and “the actual number of killings is probably much higher,” according to Annie Bird, co-director of the human rights advocacy group Rights Action (RA), who visited Honduras in September.

Bird and other critics say that the violence in Aguan is driven by competition over resources between local farmers and large-scale, biofuel production facilities. The valley is home to more than a dozen African palm plantations that supply “green” energy to Europe and Asia, as well as a pair of biogas plants that operate as part of a United Nations carbon-credit initiative.

“The agribusinesses are after all the prime farmland in Aguan,” Bird says. “That’s what’s driving the conflict here.”

African palm plantations have also been linked to land-based violence in Indonesia, Africa, and elsewhere in Latin America, as worldwide demand for biofuels has soared in recent years. But using arable land for fuels, as opposed to food production, has caused a spike in global food prices. In October 2011, the U.N. Committee on Food Security issued a report citing biofuel production as one of the leading causes of food shortages worldwide.

Ignoring its own committee’s report, the U.N. continues to endorse the two biogas plants attached to African palm plantations in the Aguan Valley as part of its controversial Clean Development Mechanism (CDM) program. A product of the Kyoto Protocol, CDMs allow governments and companies from Western countries to trade carbon credits with businesses in developing nations that utilize renewable energy and other carbon-saving techniques. Critics of the CDM program point to the food-vs-fuel dilemma, as well as the issue of “additionality”–that is, whether or not a given CDM would exist without U.N.-sanctioned investments. But Bird says there is a moral component as well.

“By approving investment in these projects, the U.N. has made itself an accomplice to a human rights crisis,” Bird says. “It’s just shameful.”

Killings and forced evictions

Both the CDMs in Aguan use the bacteria-rich wastewater left over from palm-oil extraction to produce methane for biogas. But the methane capture process is only cost-effective on a large scale–and observers say that gives local companies a direct incentive to expand operations.

David Calix, spokesman for the Campesino Movement of Aguan (MCA), says, “Within the last two years more than 1,500 peasant families have lost their homes, schools and communities due to forceful evictions,” all of which have been linked to African Palm expansion efforts in the Aguan valley.

In July, the International Federation of Human Rights (FIDH) released a report on Aguan alleging evictions and armed attacks against local communities by “plantation security guards and private militia groups” allowed to act with impunity. The FIDH paper forced a couple of powerful European investors to back out of the Aguan CDM project and caused the European Parliament to order a fact-finding mission. So far, however, these measures don’t seem to have had any impact on the escalating violence.

Over just two days in August, skirmishes between guards and peasants left 11 people dead. A few days later, two more campesino leaders were assassinated–one of them, Pedro Salgado, was shot down in his home along with his wife. An entire peasant village was burned to the ground. The international outcry became so severe that in early September, the Honduran government dispatched a force of about 1,000 special police officers and soldiers to occupy the valley.

But Bird says that instead of protecting peasants’ human rights, the occupation forces have aided in their persecution. Reports have emerged of police and soldiers cracking down on peasant communities, and even taking part in evictions. “Death squad” attacks on peasants have continued at about the same pace during the occupation, with four assassinations in the same week in early October. No arrests have been made in any of the killings, and no suspects have been named.

Hazardous occupation

“The troops say they have come to bring us security, but that is a lie,” says MCA President Rodolfo Cruz. “They are here to serve the interests of the rich land owners, the same ones who control the politicians back in [the Honduran capital of] Tegucigalpa.” Cruz is also acting mayor of a small peasant community called Rigores, which he claims has been threatened several times with eviction by both security guards and law enforcement.

Cruz also reports that citizens are being searched at random, and that there have been mass round-ups and arrests as the authorities hunt down leaders of the movement.

“They are accusing us of having weapons, of forming an insurgency,” says Cruz, whose 16-year-old son, Santos, was allegedly tortured for information while in police custody on September 19. Cruz maintains that the MCA and other organizations are pacifist movements dedicated to nonviolent resistance.

Bird, who has researched the case, believes there is no doubt that Cruz’ son was targeted by authorities because his father is a prominent spokesman for land reform. “It’s all part of their pattern of intimidation,” she says. “There is no functional justice system in Honduras.” As further evidence of legal dysfunction, Bird points out that the businessman with the most holdings in Aguan, Miguel Facusse Barjum, was recently revealed by WikiLeaks to have strong ties to Colombian cocaine traffickers. “The police are evicting peasants from the property of a known drug lord,” she says. “That just shows you how rotten the system is.”

Although in September there were hints in the Honduran press that the police have captured cell phones that prove the existence of a rebel army some 300 strong, Honduran Police Chief Julio Benitez is much more circumspect. “We really don’t know what is going on in Aguan,” Avila says. “We know there are armed groups. We know people are being shot up under mysterious circumstances. But it is very complicated.”

When asked about the charges of police brutality, Avila declined to respond, saying only, “[The Honduran police] are a professional organization. We behave in a professional manner. We are working hard to safeguard the peasants of Aguan and to protect them from violent criminals.”

Push for reform

“The situation in Honduras is, of course, of great concern to us,” CDM board Chair Martin Hession says. “We don’t want to be associated with this type of thing in any way.” Hession says that as a result of the violence in Aguan, the CDM Board has “increased surveillance” in regard to approving new projects.

But Eva Filzmoser, program director of the Brussels-based CDM Watch, believes that’s too little, too late. “We are deeply disappointed … that the [Aguan] project was registered despite the serious concerns about alleged human rights abuses,” Filzmoser wrote in an e-mail.

Filzmoser charges that Hession and the rest of the board chose to ignore early reports of violence coming out of Honduras when they approved the project in July of 2011. Part of the problem is systemic, she writes, stemming from a lack of stakeholder oversight by the CDM board itself. “The [Aguan] project would never have been registered if the proper rules were in place,” Filzmoser wrote.

Bird also sees an inherent flaw in the CDM program. “If you’re taking away land from poor people to generate biofuels, you’re effectively condemning them to death by starvation,” she says.

Hession says such things are beyond the purview of the CDM board. “We can’t be the arbiter of human rights across the world.” To which Bird responds: “That’s the single, fundamental mandate of the U.N. Human rights are what the U.N. was created to promote. And the CDM board is still part of the U.N.”

For Cruz, who is also a farmer, the issue at stake is less philosophical than practical: “All we want is a place to grow our corn, to grow our beans,” he says. “All we want is a right to work the land.”

I can think of no more apropos concluding comment, than to repeat that of my October 14th Ugandan genocide post:

This is just one [more] example of the unintended (?) consequences of the universally-ignorant support by multitudes of morally self-righteous, urban rich white people, for “pricing carbon” in the name of “saving the planet”…

As has been demonstrated countless times on this blog – including from the government’s legislation – the “carbon tax” has never had anything whatsoever to do with climate change.

It is, and always has been, all about money. Derivatives, to be precise.

“Putting a price on carbon” is all about legally enabling the predatory financial sector to rape the world all over again, with a new derivatives-based ponzi scheme, after their Western world real estate derivatives bubble exploded (GFC1).

It is a very simple scam.

Carbon “pricing” creates in law a new artificial ‘commodity’ called “carbon ‘units’, having an artificially-created (by proclamation) monetary value.

Who benefits?

On the lower level, governments. The basic carbon “price” for selling (on threat of gaol) their “permits” to “pollute”, represents a new cashcow for politicians. For handing out to their mates, favouring special interests, and bribing the ever-more welfare-dependent electorate to vote for them (ie, keep them in power).

On the higher (unseen) level, the international shadow banking sector. “Pricing carbon” means they can (a) cream off billions in fees and commissions on the trade in those permits, but far more importantly (b) instantly create unlimited quantities of wholly unregulated carbon derivatives, to gamble on unregulated international trading markets.

Exactly like the Western real estate bubble.

If you support “putting a price on carbon”, then what you are really supporting is two outcomes.

Impoverishing the West.

And genocide of black people.

All for the benefit of … not the environment … but bankers.

UPDATE:

And the push to use prime agricultural land for carbon credit “farming” includes our own backyard (h/t @HiggsBoson4):

Bio Lands Pty Ltd (Bio Lands) has compiled a substantial portfolio of grazing/biodiversity offset lands. The portfolio can provide the development industry with rapid access to strategically acquired, fully documented biodiversity offsets

Click to enlarge

And from ABC News yesterday:

Carbon farming starts today – in a limited way

Farmers can earn money from reducing carbon emissions from today.

The Federal Government’s Carbon Farming Initiative has opened for business, but there’s a catch.

Only two methods that farmers and landholders can use to cut emissions have been approved, one of which is capturing methane from piggeries.

Parliamentary Secretary for Climate Change Mark Dreyfus says more methods will be approved in coming months.

“We think it’s important to take time to make sure the methodologies have integrity, because the methodologies lead to the ability to sell carbon credits and companies that are purchasing carbon credits want to know that the credits represent real emissions reductions.”

I suggest that the “integrity” of carbon credit “farming” “methodologies” is already very evident indeed. One only need cast one’s eyes around the world, at the precedents that have been set elsewhere.

Where Are The “Banshees Screeching About Global Warming” Now?

9 Dec

Senator Joyce writes for the Canberra Times:

Feed the world or save the swamps?

The carbon tax must have done the trick. It has been considerably colder here in Queensland lately. In fact, Queensland has had its coolest maximum December daytime temperature, 13 degrees at Applethorpe, near Stanthorpe.

For many of the eastern states of Australia it is the coldest start to summer in decades. People have had to deal with the anomaly of turning on their heaters in summer. If instead of being cold it was hot, we would have these banshees screeching about global warming, imminent instantaneous human combustion, prior to catastrophic inundation from rising sea levels.

It would appear that we have proved that it merely takes the power of thought to cool the climate. The nation chanting ”Om”. It is the enlightened spirit working in conjunction with the passage of a new broad-based consumption tax collecting from the power point in your house. The alignment of these temporal and fiscal stars in this new age global astrology has delivered, quod erat demonstrandum, cold weather.

Many of the crops in eastern Australia are now being downgraded, not so much by global warming seawater, but by ”send it down, Hughie!” rainwater. I know this is slightly incongruous to the proclamations that it would never rain again and the place would be a desert.

It appears that the La Nina weather pattern has not been reading Professor Tim Flannery’s previous dire predictions that it is not going to rain any more unless we put up the price of power with a carbon tax.

We are now also currently investigating ways to put up the price of food. We are going to do this by reducing the amount of water available for irrigation needed to grow the food. In some areas, the requirements of frogs and swamps are superior to the needs of keeping the shopping trolley full of groceries within the affordability matrix of Australians to pay for them.

I was talking to tomato growers in southern NSW, and read and weep as you digest this; they get paid 11c a kilogram for the tomatoes they grow. I presume you may pay slightly more than that at your local supermarket, because of the power of over-excessive centralisation in the retail market.

In our national wisdom, however, we have decided that it is a lesser good to grow our own food in the Murray-Darling Basin and the righteous thing to do is to close down farming and import the food. The Greens literally want to close the whole show down. ”Green” is obviously not an abbreviation of ”green vegetables”.

The choice the Coalition has is to either to say no, or to try and catch and saddle this horse called ”Labor Incompetence” and get the Murray-Darling Basin Plan to a position where it does the least amount of damage to the economic and social fabric of the 2.1 million people who live in the basin.

I also have this naive, old-fashioned belief that an area of our nation which is responsible for 40per cent of our agricultural production, including the majority of fruit and vegetables, should be protected to do the job we have assigned to it, that is feeding us.

For many generations, the people in the towns such as Griffith, Deniliquin, Kyabram and Mildura, have done what the nation has asked them to do; ventured out into the countryside and gone without as they scratch a living from the dirt. These people brought up a family, built their community, fed their state, fed their nation and exported to the world. The rice production around Deniliquin, so I have been told, has the capacity to feed 30million people a day.

It is quite a noble thing to contribute to the global food task to stop children from starving. We must expand our moral horizon and realise that the trade off between environmental desires and a lesser standard of living is also a matter of life and death for those we have never met living on the edge of starvation in Southern Sudan, Uganda or the Thai-Burma border.

It really does become a trade-off between happiness for frogs and trees or the most noble of tasks, providing the sustenance for the human condition.

Great Global Warming Fizzle?

3 Dec

A great read from the Wall Street Journal. Click the link to read the whole thing:

How do religions die? Generally they don’t, which probably explains why there’s so little literature on the subject. Zoroastrianism, for instance, lost many of its sacred texts when Alexander sacked Persepolis in 330 B.C., and most Zoroastrians converted to Islam over 1,000 years ago. Yet today old Zoroaster still counts as many as 210,000 followers, including 11,000 in the U.S. Christopher Hitchens might say you can’t kill what wasn’t there to begin with.

Still, Zeus and Apollo are no longer with us, and neither are Odin and Thor. Among the secular gods, Marx is mostly dead and Freud is totally so. Something did away with them, and it’s worth asking what.

Consider the case of global warming, another system of doomsaying prophecy and faith in things unseen.

As with religion, it is presided over by a caste of spectacularly unattractive people pretending to an obscure form of knowledge that promises to make the seas retreat and the winds abate. As with religion, it comes with an elaborate list of virtues, vices and indulgences. As with religion, its claims are often non-falsifiable, hence the convenience of the term “climate change” when thermometers don’t oblige the expected trend lines. As with religion, it is harsh toward skeptics, heretics and other “deniers.” And as with religion, it is susceptible to the earthly temptations of money, power, politics, arrogance and deceit.

This week, the conclave of global warming’s cardinals are meeting in Durban, South Africa, for their 17th conference in as many years. The idea is to come up with a successor to the Kyoto Protocol, which is set to expire next year, and to require rich countries to pony up $100 billion a year to help poor countries cope with the alleged effects of climate change. This is said to be essential because in 2017 global warming becomes “catastrophic and irreversible,” according to a recent report by the International Energy Agency.

Yet a funny thing happened on the way to the climate apocalypse. Namely, the financial apocalypse.

The U.S., Russia, Japan, Canada and the EU have all but confirmed they won’t be signing on to a new Kyoto. The Chinese and Indians won’t make a move unless the West does. The notion that rich (or formerly rich) countries are going to ship $100 billion every year to the Micronesias of the world is risible, especially after they’ve spent it all on Greece.

Cap and trade is a dead letter in the U.S. Even Europe is having second thoughts about carbon-reduction targets that are decimating the continent’s heavy industries and cost an estimated $67 billion a year. “Green” technologies have all proved expensive, environmentally hazardous and wildly unpopular duds….

Barnaby: Australia’s War Against The Temperature

22 Sep

Senator Joyce writes for the Canberra Times:

Recipe for political distaste

The framed flyer enticed me to partake in the splendour of ”new season lamb with brioche parsley crumb, buttered peas and mash” and all for $34. I must say as a venue for an advertisement it had a captive audience as there being no graffiti on the back of the toilet cubicle door. It was unerringly incongruous though. The two products linked by a rather circuitous form that required a lot of forgiving latitude from the observer to entice purchase. Like the lavatory door advertisement for dinner, when I see Julia Gillard unveiling a statue of Curtin and Chifley, a rendition of Sesame Street’s ”One of these things is not like the others” starts ringing in my ears.

Curtin and Chifley gathered the reins in the darkest hour and saw Australia through its greatest crisis, the impending Japanese invasion during World War II. They were loyal to one another and their stature also carried the respect of their colleagues on the other side of the political fence. If they had failed then Australia was finished.

Now we have this shambolic Australian war against the temperature orchestrated by a person who was supposed to be the former prime minister’s most loyal lieutenant, prior to her walking to his office and informing him, in the most brutal form, of something else. Gillard’s actions have bedevilled all attempts to breathe authenticity into any belief that she could guide us through watering the roses let alone running the country.

Election Julia ”ruled out” sending asylum-seekers to a country that had not signed the UN Refugee Convention. Gillard, however, accuses the Opposition of ”bleating today about human rights issues” because they do not want to send refugees to a country where striking people with the rattan is on the statute books for illegal immigration.

The unerringly termed ”Malaysian solution” was bizarre. Why do we have to accept anything that Labor suggests by reason of the Executive says so, so there? If the next step of lunacy is the ”Antarctic solution”, is it plausible just because Labor says so? The return of Labor as the new age form of complicit convict flogger was for so many the final straw.

The Government now complains that the Parliament is not giving the Executive the powers it demands, but the Parliament has never been the writer of blank cheques. There is a time-honoured way for the Executive to resolve disputes between it and the Parliament. A very good mechanism to achieve consensus is the mechanism called an election.

The Malaysian solution is an alternate manifestation that closer observation is seen in the financial management of this country. Federal and state governments have gathered massive debts in a resource boom. In a world out of money and Australia relying on credit and an imported standard of living for a workforce employed predominantly in services, is a very dire mix.

We hope that Europe sorts its problems out but if does not, then I have concerns about Wayne Swan’s authority to handle a global liquidity meltdown. We stayed out of the last recession because of Asian demand for our resources not manic programs such as $900 cheques. He should not claim authority for geography and Asian economic growth.

Surely Labor has someone vaguely competent that could show some sense of consistency. Do we have to trudge like lemmings into two further years of abyss because we cannot rely on the honourable pulling of the pin by someone who does know that we cannot go on like this?

So, do not sell dinner at your restaurant on the back of a public lavatory door, it is the dilemma of the nation’s political incongruence. Minority government and authoritative government, Swan and financial management, Labor and policy, fish and bicycles and if statues could walk then I would have seen two remarkable men of metal politically walking assiduously away from a struggling lady and her incompetent sidekick.

Zen And The Art Of Environmental Maintenance

20 Sep

For all those who “believe” in the Warmageddonist faith.

And.

For our Green-Labor government, who constantly repeat the refrain in their mutually-dependent and mutually-contradictory Clean Energy bills, that these “ensure compliance with section 55 of the Constitution”:

“You are never dedicated to something you have complete confidence in. No one is fanatically shouting that the sun is going to rise tomorrow. They know it’s going to rise tomorrow. When people are fanatically dedicated to political or religious faiths or any other kinds of dogma or goals, it’s always because these dogmas or goals are in doubt.”

– Robert M. Pirsig
Zen and the Art of Motorcycle Maintenance

It’s The Sun, Stupid: CERN Confirms

3 Sep

Man-Made Global Warming Climate Change, huh?

Real scientists (ie, physicists) at CERN confirm what every rural person has known all along.

It’s the Sun, stupid:

CERN’s 8,000 scientists may not be able to find the hypothetical Higgs boson, but they have made an important contribution to climate physics, prompting climate models to be revised.

The first results from the lab’s CLOUD (“Cosmics Leaving OUtdoor Droplets”) experiment published in Nature today confirm that cosmic rays spur the formation of clouds through ion-induced nucleation. Current thinking posits that half of the Earth’s clouds are formed through nucleation. The paper is entitled Role of sulphuric acid, ammonia and galactic cosmic rays in atmospheric aerosol nucleation.

This has significant implications for climate science because water vapour and clouds play a large role in determining global temperatures. Tiny changes in overall cloud cover can result in relatively large temperature changes.

Unsurprisingly, it’s a politically sensitive topic, as it provides support for a “heliocentric” rather than “anthropogenic” approach to climate change: the sun plays a large role in modulating the quantity of cosmic rays reaching the upper atmosphere of the Earth.

Veteran science editor Nigel Calder, who brought the theory to wide public attention with the book The Chilling Stars, co-authored with the father of the theory Henrik Svensmark, has an explanation and background on his blog, here, and offers possible reasons on why the research, mooted in the late 1990s, has taken so long.

Svensmark, who is no longer involved with the CERN experiment, says he believes the solar-cosmic ray factor is just one of four factors in climate. The other three are: volcanoes, a “regime shift” that took place in 1977, and residual anthropogenic components.

When Dr Kirkby first described the theory in 1998, he suggested cosmic rays “will probably be able to account for somewhere between a half and the whole of the increase in the Earth’s temperature that we have seen in the last century.”

More from CERN here, and a video here.

What’s that you say, Julia? Bob?

A scientific, IPCC “consensus” that man is to blame, you say?

For a global “warming” that just ain’t happening?

Perhaps you and all these “consensus” scientists might well have heeded one of the most famous scientists of all time:

“No amount of experimentation can ever prove me right; a single experiment can prove me wrong

– Albert Einstein

“We’re All Talking About Something Here Which Isn’t Happening”

19 Jun

Indeed.

The fact that the world is cooling … not warming … might just explain why Global Cooling (not “warming”) was high on the agenda at the 2010 Bilderberg Meeting of the world’s elite (and mostly secret, to you and me) movers and shakers:

The 58th Bilderberg Meeting will be held in Sitges, Spain 3 – 6 June 2010. The Conference will deal mainly with Financial Reform, Security, Cyber Technology, Energy, Pakistan, Afghanistan, World Food Problem, Global Cooling, Social Networking, Medical Science, EU-US relations. Approximately 130 participants will attend of whom about two-thirds come from Europe and the balance from North America. About one-third is from government and politics, and two-thirds are from finance, industry, labor, education, and communications. The meeting is private in order to encourage frank and open discussion.

Compassion For Malcolm: He Just Wants His Balls Back

19 May

Malcolm Turnbull has again managed to anger his colleagues, thanks to his comments on the Coalition’s Direct Action climate policy on Lateline this week.

I for one think that we could all show a little more compassion for Malcolm’s eunuchly uncomfortable position.

You see, there is plenty of evidence to strongly suggest the – somewhat embarrassing – true reason why Malcolm Turnbull so fervently believes that an emissions trading scheme is the best way to address global warming.

Simply take the time to review the history of the HIH collapse in March 2001.

Consider the highly questionable role that Goldman Sachs Australia – of whom Malcolm Turnbull was chairman at the time – had to play in this, the biggest corporate failure in Australian history:

SMH, Oct 18 2007

Turnbull Accused Of Deceiving Directors

Consider the subsequent $450+ million lawsuit brought against the key players in the HIH collapse… including named defendant, Malcolm Turnbull:

Wall Street Journal (via The Australian), Sep 17, 2008

One time banker done with HIH, but scandal isn’t done with him

The Australian, Sep 19 2008

Malcolm Turnbull has one less immediate distraction, after a Supreme Court judge yesterday acknowledged that a big civil court case in which the new federal Liberal leader is an individually named defendant could be settled by early December.

Consider only a few years after the collapse of HIH, even as those legal proceedings were being prepared, Malcolm Turnbull’s (again, questionable) takeover from Peter King as the Liberal candidate for the seat of Wentworth gave him a ready-made entrance into Parliament in 2004.

Consider his rapid elevation to the key role of … Environment Minister. Followed by the big push for the Howard Government to adopt an ETS.

Consider the revelation only a short time later that then Opposition Leader Malcolm Turnbull was to be spared from appearing in court as a defendant in that $450+ million lawsuit.  Why?

Because his former employer Goldman Sachs had made a “confidential” settlement on his behalf:

The Australian, March 13 2009

HIH score settled for Malcolm

Opposition Leader Malcolm Turnbull looks set to emerge from his long court case over HIH Insurance with his former employer, the Goldman Sachs merchant bank, making a confidential settlement on his behalf.

Most importantly, consider which massive international banking power has been behind all the great market bubbles in modern history – and is again behind the global drive for a new derivatives-based trading bubble, the likes of which the world has never seen:

Business Pundit, June 25 2009

Matt Taibbi’s latest Rolling Stone article, “The Great American Bubble Machine,” undresses Goldman Sachs – and finds a “giant vampire squid wrapped around the face of humanity.” Not only do former Goldmanites essentially run the world, they help manufacture and burst economic bubbles, harvesting mean profits the entire time. Taibbi details how the bank manipulated investors, starting during the Great Depression.

Rolling Stone, July 9 2009 print edition

The Great American Bubble Machine

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they’re about to do it again.

The Telegraph UK, Feb 19 2010

Here comes the next bubble – carbon trading

Forget CDOs and other inventions of the great credit bubble. That’s all old hat. Investment bankers are moving on to an area of securities trading that is potentially even more lucrative, and what’s more, even has a social value – saving the planet. Or supposedly so, anyway.

Finally, consider that less than a month (less than 9 days*, in fact) after announcing his intention to retire from politics …

SMH April 16 2010

Turnbull quits politics

…  Malcolm suddenly changed his mind:

SMH, May 1, 2010

Former Liberal leader Malcolm Turnbull has made a dramatic return to politics, sparking a rethink on leadership and climate change within his party.

Or should that be, had it changed for him?

Herald Sun, April 25* 2010

Former Liberals leader Malcolm Turnbull is seriously reconsidering his decision to quit politics.

Although Mr Turnbull is overseas

Goldman Sachs is based in New York, with “tentacles” all over the world.

It hardly takes a rocket scientist to put two + two together.

Malcolm Turnbull, the former Goldman Sachs Australia chairman, named co-defendant in a $450+ million lawsuit, and beneficiary of a “confidential” settlement made on his behalf by his former employer, believes so strongly in Australia having an emissions trading scheme for a very good reason indeed.

But I personally harbour the gravest of doubts that “saving the planet” has anything whatsoever to do with it…

The Testicle Cookbook - By Goldman Sachs



*This is an updated reprise of my April 28, 2010 article (“Rudd Destroys His Ministers Beliefs“)

UPDATE:

22 May 2011:

From SmartCompany.com.au –

Turnbull also has a good track record as an investor in early stage companies.

In 1999 he made just under $60 million from the sale of pioneering internet service provider OzEmail, two years after selling his boutique investment bank Turnbull and Partners to Goldman Sachs.

What’s So Gay About Gaia?

13 May

I’m just a simple country bloke. So I’ll admit to finding this whole Gaia thing a bit confusing.

It seems to me that all these folk who are so concerned about Gaia, are a bit confused too.

After all, what’s so gay about Gaia?

The confusion begins with the pronunciation. Some say “GAY-a”. Some say “GUY-a”. Now, this is Mother Earth we’re talking about, right?

By all reports, Gaia is not gay at all. In any sense of the word.

On the contrary, we’re told that Gaia is most definitely a “she”. And that she is not happy, either.

We are told that Gaia has been getting hot and bothered. All steamed up, in fact. And that’s the real problem, apparently. They claim she can’t release it. So they say she’s getting hotter. And crankier.

With us.

In this age when someone else is always to blame for everything, unsurprisingly, “man” is responsible.

The confusion of mixed messages keeps coming. We’re always hearing how all these Gaia-loving folk want to “save the planet”. It seems that not getting some is now a life-threatening condition. Who knew.

If these folk were serious about helping Gaia get her rocks off, then they’ve been going about it all wrong. Frankly, I wonder whether they might not be a little confused about how to get one off themselves.

Could it be that they are suffering from the very condition that they so loudly ascribe to Gaia? It would explain a lot.

Think about it.

If nothing else, it certainly appears that Gaia-savers don’t quite understand the basic laws of physical attraction.

Every creature does things to enhance its pulling power. So you’d think that these lovers of Mother Nature might heed a few examples from … ummm … nature. And perhaps try to help Gaia to follow the example of her most advanced carbon life-forms.

Now I know there’s been a lot of complaining about cutting down rainforests. But we shouldn’t be hypocritical, or selfish. Gaia might just up her chances if word got around the Milky Way that she has a well trimmed Brazilian.

Come at that, why not get her some plastic surgery? I hear it’s all the rage these days. Especially with our most advanced carbon species – the educated, caffeinated, inner city folk. Which does beg the question though, why are they against more plastic for Gaia?

Perhaps they feel that they are already doing their bit, by quietly investing in all those wonderful mining companies. After all, “mining” is just the polite term for “planetary liposuction” in educated circles.

I hear tell that in the original story, Gaia was a “broad-breasted” woman who gave birth to Uranus. Which makes all the more confusing her latter-day devotees’ strange lack of support for sand mining. After all, silica is the essential ingredient in silicone. And how often do we hear ladies complain that gravity is a bitch.

At 4.5 billion years of age, Mother Nature is no spring chicken. So for all the confusion about Gaia in this New Age, one thing is crystal clear.

We all must pull together if we’re going to transform her into a MILF.

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