Tag Archives: greed

Oh Dear, Barnaby

15 Apr


From the Daily Telegraph:

BARNABY Joyce is kidding himself – and all the Australians planning to vote for the federal Coalition at next year’s election – with his latest policy thought-bubble of $10,000 baby bonuses for stay-at-home mothers.

Nobody would deny it’s hard work being a mum, or that the financial pressure on families is increased with every new baby.

But the Nationals Senator’s idea of handing $10,000 to women who choose not to take paid employment is a social policy nightmare.

It would be a tacit encouragement to women to stay at home instead of maintaining their careers with part-time or full-time work, contributing to the taxation system and building up their own superannuation balances in preparation for retirement.

It would, without a shadow of doubt, create a generation of women who opt out of the workforce.

Australia can’t afford that luxury.

Indeed, it is a social policy nightmare in the view of your humble blogger also.

But for the polar opposite reason of that propounded by Neil Breen, editor of the Daily Telegraph, who clearly thinks the biggest problem with the Nationals’ policy is that it would encourage mothers not to go back to doing their “modern” “enlightened” “liberated” duty … their “equal right” to be binary-digit earning, tax-paying, interest-paying lifelong debt slaves of The Machinery of “modern” society.

Back to that in a moment.

First, some balance.

All the lamestream media commentary I have seen on this subject fails to consider context and nuance.

As usual.

First, they are automatically, in typical knee-jerk style, sheeting home all responsibility for this policy suggestion to Barnaby Joyce. Even though it is not necessarily his personal suggestion – it is a revived Nationals policy:

Fearing a backlash over the generosity of the Coalition’s proposed paid-parental-leave scheme, which would offer wealthy working women up to $75,000, the Nationals have proposed a better deal for stay-at-home mums.

“It’s an incredible sacrifice for women to stay at home. You can see it in their superannuation and everything else,” Senator Joyce said.

“We want to make sure people don’t lose their house. Because everything is based on two incomes these days. All policies have a cost. But it’s a substantial sacrifice for people not to go to work.”

The Nationals first flagged the policy at the 2010 election …

Nationals leader Warren Truss stressed the plan to double the baby bonus was a policy of the Nationals rather than the Coalition and had not been endorsed by Mr Abbott.

It is clear to any thinking person that The Nationals revived policy suggestion is motivated primarily, if not entirely, by the gross inequality of Tony Abbott’s paid parental leave scheme, whereby working mums would receive 6 months paid leave at full pay for those earning up to $150K pa – meaning, up to $75K of taxpayers’ money for a high earner – while stay-at-home mums receive nothing.

Barnaby Joyce is nothing if not fair minded, and genuinely concerned for the many who get overlooked and left behind by the popular (social-engineering) politics of the day – witness his attempts to see justice done in the abhorrent Heiner Affair. So I applaud him for wanting to see a rebalance of the Abbott policy.

However. This is not the way to do it.

In my personal view, the baby bonus is bad policy. As with so many (all?) government “solutions” for society, it is classic good intention, bad outcomes. Indeed, the baby bonus is one of several major criticisms I have of the Howard government era.

Why?

For all the good intentions, it is my view that cash handouts for having a baby simply (1) encourages by reward the “handout” / welfare state dependency mentality, and (2) encourages the very young, the vulnerable, the desperate, and the foolish, to fall pregnant just to “get the cash”.

I have personally witnessed numerous examples of both those outcomes.

And so, for those reasons, I oppose the idea of a “baby bonus” as a matter of principle.

If Barnaby Joyce and/or the Nationals want to see government encouragement for, and a better and fairer deal for stay-at-home mums, that I strongly applaud.

Indeed, quite unlike Neil Breen of the Daily Telegraph, this blogger is all for a society where parents are actively encouraged to stay home and nurture and raise their children themselves – for the long haul, not just 6 months – rather than push their babies onto (government-regulated) “carers” a.s.a.p., so they can get back to “earning money” and “pursuing MY career” a.s.a.p.

Having witnessed many friends with young families who have followed the ever-growing trend in so-called “modern” “advanced” society to do exactly this, I see the results in the little individual horrors that others raise for them, and wonder at the collective horrors we may all face within a generation or two.

Back to Neil Breen, editor of the Daily Telegraph one last time:

It would, without a shadow of doubt, create a generation of women who opt out of the workforce.

Australia can’t afford that luxury.

Yes, we can.

The entire world can.

All it takes is a transformation of our “money” system.

From being our master … to being our servant.

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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.

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Starve The Beast

17 Oct

In observing the “Occupy” movement now growing around the Western World, your humble blogger recalls an old wisdom story, attributed to a Native American elder:

“Inside of me there are two dogs. One of the dogs is mean and evil. The other dog is good. The mean dog fights the good dog, all of the time.” When asked which dog wins, he reflected for a moment and replied, “The one I feed the most.”

On the weekend I was reminded of this wisdom, upon reading the following article in Australia’s Sunday Telegraph:

Banks are handing out bonuses to staff who upsize your debt

BANK staff are being offered Christmas party bonuses, free meals and other prizes to push more credit cards, loans, insurance policies and other products to customers.

Australia’s biggest lender – the CBA – has launched a “double up” campaign to push personal bankers and tellers into selling twice as many products, such as increasing credit limits, each week.

The other three major banks – the NAB, ANZ and Westpac – are also forcing branch staff to meet stringent weekly sales targets as the “big four” battle for market share.

An internal CBA document obtained by The Sunday Telegraph reveals the pre-Christmas push to supersize customers – increase their credit limits, convince them to take out home and contents policies and open up new accounts.

“We are under increasing pressure from competitors who are looking for a greater share of our retail banking business,” CBA retail banking boss Ross McEwan says in the document.

The briefing reads: “The campaign encourages sales teams to double their sales productivity during October and November to earn double the fun (and funds) at their end of year team celebrations.”

Staff at the four major banks, which are expected to record a combined profit of $24.2bn this financial year, have also revealed the tactics used to win over customers.

Sales targets differ depending on the branch size and location. Convincing a customer to roll their credit card debt into their mortgage is a target winner.

At Westpac, each personal banker has a revenue target of about $3750 a week.

Selling a credit card earns $150 towards that goal. At NAB, a city branch with four staff would have to sell 72 products a week, while a teller has to make 10 “quality” referrals to personal bankers that result in a sale.

Personal bankers have to sell 13-16 items. Debt products are worth the most because they are more lucrative for the bank.

All banks encourage staff to “cross sell” so when a customer opens a savings account, staff are likely to offer an increased credit card limit or income protection insurance.

“Staff get really desperate, to the point where they will convince customers they need something when they really don’t,” a Westpac staffer said.

Even more telling, the small inset story accompanying this article, in the paper’s print version:

Bank staff say their targets are so high and unrealistic they are selling customers products they don’t need or can’t afford.

Staff from Commonwealth, Westpac, ANZ and NAB describe work as a pressure cooker and say they are forced to meet stringent targets – a claim all four banks categorically deny.

Workers say white boards are used in branches to track sales.

“We don’t want to be pushing debt on to people but you have the pressure of your job security hinging on it,” a CBA staffer told The Sunday Telegraph.

“A home loan is a life long debt. We shouldn’t be selling it like a box of crackers.”

After three years as a CBA teller, the “cut-throat” environment became too much for 20-year-old Tyson Adams.

“The whole time your target is being pushed on you really hard and it is never negotiable … it doesn’t even matter if you are off sick, you have to make it up.”

An NAB worker said” “It is not about whether you are great with the customers; at the end of the day it is how much you have either referred or you have sold.”

A Westpac banker said: “They give us lists of customers who have almost paid out their home loans so we have to call them and get them to borrow more, go get an investment property or something.”

Your humble blogger has a word of advice for the growing thousands in the “Occupy” movement, who are (apparently) protesting against Greed.

Just DON’T Do It.

Borrow, that is.

They say that “money makes the world go ’round”.

They lie.

Our world runs not on “money”, but on debt.

Your agreement to borrow is The Beast’s daily bread.

In the old Native American wisdom tale, the winner in the fight of good versus evil was the one that he fed the most.

A simple, alternative view of the same tale, is that the loser is the one we feed the least.

Starve The Beast.

“After these things I saw another angel coming down from heaven, having great authority, and the earth was illuminated with his glory. And he cried mightily with a loud voice, saying, “Babylon the great is fallen, is fallen, and has become a dwelling place of demons, a prison for every foul spirit, and a cage for every unclean and hated bird! For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury.”

And I heard another voice from heaven saying, “Come out of her, my people, lest you share in her sins, and lest you receive of her plagues.”

* Please see also “The People’s NWO: Every Man His Own Central Banker”

UPDATE:

Paying down (y)our debt, and refusing to take out more, is the fastest way to kill the Beast. Most people don’t even realise that the simple act of paying down debt (and not taking out more) reduces the banks’ “assets” on their balance sheet. Eventually, all they have is Liabilities (your actual savings, plus outgoing interest payments owed to you on your savings) … and no Assets.

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Barnaby And The Gambling Addicted Sadomasochist Sex Worker

4 Aug

Senator Joyce writes (brilliantly) for the Canberra Times:

While in a capital city on one of my 200 or so days a year on the road, I had a meal by myself, always good company, then took a walk through one of our nation’s “premier” gambling venues.

I beelined for the establishment certain to be this town’s answer for Daniel Craig or a central character in Australia’s version of Ocean’s Eleven. I think somewhere during the conversation with the gambling-addicted, adult sex worker I came to a dull, pulsating, flashing-light, bell-ringing realisation that the pizazz was not quite there.

Instead, overwhelming sadness is what I felt as she informed me that most of the regulars were as addicted to gambling as she was.

She had blown about $20,000 in the last year and bounded in an out of relationships; the latest one giving her the greatest of encouragement and support to expand her professional development in sadomasochism. Meanwhile, the lucrative payments she received could support the opulent establishment currently graced with my presence.

She told me they had a loyalty scheme! You put your card into the card slot, punch in some numbers and if you lose buckets of money you get to go to the special room where you will not be disturbed as you lose even more. Tragically, she has not been losing enough lately, not that she has not been trying, just that she has not been getting the breaks in her acting career to allow her the spare funds.

I asked her what I could do to help her better enjoy her pastime and she said it had destroyed her life and the best thing I could do would be to shut all the gaming machines down. Absurd I know. It was obvious to me that it was all part of a wonderful experience, that she used to do tricks for and she assures me others still do. She was just a little tired and needed a good night’s sleep.

I asked her, with all that ‘‘loyalty’’ information collected from her, whether anyone from the establishment had ever suggested that maybe she had spent too much on something where the probability of you hitting the big one is slightly less than being hit by lightning. She said ‘‘no, never’’, obviously having too much fun and no one wanted to disturb her.

She said that the machines are kind of addictive; the lights, the bells, the rolling pictures. She said that you get in a zone and will stay ’till all your money is gone, but once she left with $3000! Maybe this was my chance to be Daniel Craig. It was just so glamorous with all those poor bastards glued to the screens into the dim hours of the morning surrounded by mortgage belt misery. Fortunes were going to be made if they could just get the computer chip in the machine to allow five funny pictures to line up.

I won’t reveal exactly which establishment I frequented but I will say it wasn’t in Western Australia. There pokies are only allowed in one casino, Burswood, a bit like the situation that existed in Queensland and Victoria before state Labor governments needed quick cash for a budget fix and rolled pokies out in pubs and clubs in the early 1990s.

There are almost 100,000 pokies in NSW. There are just over 1700 in Western Australia. Some argue that if pokies were banned addicts would just shift to other forms of gambling, Dapto dish-lickers, trots, Keno, Sportsbet, Centrebet, two-up or two flies walking up a wall.

How did one survive before coin- a-copia? But the average Western Australian spends only $670 a year on gambling, compared to $1200 in Victoria and $1300 in NSW. The amount spent on pokies in WA is about the same as what is spent in the ACT.

There is something insidious about poker machines.

If Mr Wilkie is good for his word then very soon we are going to have an interesting time in Parliament House. It is time to learn more about the noble art of sticking money into a rather large box via a slot.

Humans are weak. We all are, just some swim deeper from the hooks than others in the stream of temptations.

But is it right to exploit the weak and create excuses for the fishermen of misery? Or maybe they are on a hook themselves?

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Our “Squeeze Pop” Carbon Bank

17 May

Big bubbles, no troubles:

An independent carbon bank, similar to the Reserve Bank, should be set up to oversee a carbon price and investment in clean technology, the peak renewable energy lobby says.

The Clean Energy Council will today release a discussion paper proposing the carbon bank, which it says could be allowed to borrow money to invest in renewable energy projects against the future revenue of Labor’s proposed carbon tax and emissions trading scheme.

Hmmmmm.

An “independent” carbon bank.

Trading in … what you breathe out.

Borrowing … and “investing” … against the future government tax revenue.

In other words, the government … meaning taxpayers … the guarantor for any losses on those “investments”.

In a bankster-designed, multi-trillion dollar, global air-trading derivatives market:

What could possibly go wrong?

National Australia Bank Ltd, Westpac Banking Corp Ltd and the Reserve Bank of Australia (RBA) were all recipients of emergency funds from the US Federal Reserve during the global financial crisis, according to media reports.

Data released by the Fed shows the RBA borrowed $US53 billion in 10 separate transactions during the financial crisis…

The “independent” Reserve Bank is a great model to follow then.

Its track record certainly inspires con-fidence:

Why do we tolerate an “independent” Reserve Bank, whose first legal duty is to maintain a “stable” currency, when it is so clear that they have always utterly failed to do so.

And derivatives, well, they’re safe-as-houses too.

After all, the mortgage-backed derivatives market that blew up America is only a tiddling little market.

So there’s clearly no cause for concern about yet another bankster-driven scheme, to blow up a global, air-backed derivatives bubble:

To give an idea of the vast disconnect between our banks’ “Assets” (66% of which are loans), and their exposure to OTC derivatives, the following chart shows their total Assets – blue line – versus a red line of total Off-Balance Sheet “business” (click to enlarge):

$2.66 Trillion in "Assets" versus $15 Trillion in Off-Balance Sheet "Business"


They say that the main gimmick used to promote Hubba Bubba is that it is less sticky than other brands of bubble gum, and so burst bubbles are easier to peel from your skin.

No worries then.

Sure, we are going to get squeezed dry.

But there’ll be no needing to go shave our heads or rend our clothes when the biggest bubble ever goes POP!

I wonder which flavour we will get.

Raspberry?

Watermelon?

Squeeze Pop?

Or, will it be another new flavour …

Carbon Tax.

Emissions Trading.

“Independent” Carbon Bank.

Behave … debt slave.

Ka-Ching!

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