You're onto it.
In a deal that combines microloans in Mongolia with the sale of carbon credits on the European Union Emissions Trading Scheme (EU ETS),
Yes, scheme, that is, Ponzi scheme.
Citi's London-based Environmental Products Trading and Origination team, working with Citi Microfinance, has agreed to purchase 1.17 million metric tonnes of carbon credits over the next seven years from Seattle-based social enterprise MicroEnergy Credits.
C exchanges money for something that's worthless.
The carbon credits will be generated by capturing reductions
Capturing reductions is something that by definition has to be worthless. It's a reduction in a belief, and, it's a false belief too, which will be exposed once various participants are bankrupted.
of greenhouse gas emissions following the installation of more efficient household insulation and heating fixtures in Ulaanbaatar, the capital and largest city in Mongolia.
Why do the Mongols buy into this BS? Because they signed on with Kyoto when they received a bribe from the European gang?
The purchase and installation of the fixtures will be funded through microloans from Mongolia's XacBank.
Sounds like securitization, which, if there was any kind of housing market, the banks would love to engage it. The Demolitionists wouldn't mind, and most Americans would like to see it too.
You've got an international conspiracy to establish a market in socialism being developed here. World tyranny can only come from it. |
