http://www.thedailybell.com/1931/Anthony-Wile-Carbon-Exchange-Blossoms-in-Kenya-Say-What.html
Editorial
 Carbon Exchange Blossoms in Kenya ... Say What?

Saturday, March 26, 2011 – by  Anthony Wile 
Anthony Wile 

We've written a good deal about how elite promotions stumble forward in the era 
of the Internet, even if they've been discredited. Global warming is surely one 
of the best examples of this. We've also written about how the powers-that-be 
may intend for Africa to be the next China – an impoverished region brought to 
life by the miracle of fiat money-from-nothing and, generally, the miracle of 
"capitalism."
 
At least one of our Swiss gnomes has been traveling in Africa taking the 
temperature of this vast continent; the news that Kenya has just opened 
something called the Africa Carbon Exchange perfectly encapsulates the progress 
of both of these promotional trends. In this article, I'll try to drill down a 
little.
 
Global warming first. From a big picture point of view, the creation of a 
carbon-exchange in Kenya is worrisome development. Those who want to perpetuate 
the lie of global warming have apparently shifted course. Instead of trying to 
promote global warming head-on in the West, the powers-that-be are going to try 
to establish a carbon reduction infrastructure in the developing world and 
generate a kind of fait accompli in the next decade by creating a powerful 
industry that will be self-replicating and expansive.
 
This seems to be the plan anyway, born no doubt of the increasing pushback that 
Anglo-American elites have experienced regarding global warming, which surely 
ranks as one of the single-most ludicrous dominant social themes the 
Anglo-American elite has ever invented. Even now, despite a widespread public 
lack of credibility, there are earnest investigations about ways to "sequester" 
carbon dioxide – pulling the gas out of the air, generating a solid form and 
burying it deep down in stable rock formations!
 
Why is the concept of global warming – now renamed climate change – so 
important to the Anglo-American power elite? The idea that this most essential 
of all gases is some sort of environmental poison is apparently intended to 
allow the powers-that-be to control people's energy habits and thus their 
behavior. It is also intended that to create the world's largest phony 
securities market. It is one that will trade "carbon credits" and throw off 
huge amount of trading profits and commissions. It is likely supposed to be a 
replacement for currency markets. Money power, properly applied, can build 
academic scholarships, hire ad agencies and political lobbyists and generally 
create a full-fledged industry from thin air.
Can one blame the power elite for this effort? They have precedent on their 
side. Over 100 years ago, Anglo-American elites decided to propagate central 
banking around the world. Today well over a hundred central banks print 
money-from-nothing and thousands of enormously wealthy bankers and financiers 
pretend that such paper products and electronic digits are as valuable as gold 
and silver extracted from the ground – and the masses, aided by misleading 
mainstream media propaganda, buy into the whole Ponzi scheme. The logic seems 
to be simple: If one can fool people into thinking that money can be created at 
the touch of an electronic button, why can't people be promoted into believing 
that one of the world's two most important, life-sustaining gases is actually 
"changing" the weather?
 
We've suggested previously substituting oxygen for carbon dioxide to expose the 
fundamental insanity of what is taking place. But one could presumably develop 
a system for catching lightening in a bottle, too. Or perhaps one could build 
vast desalinization plants, extract sea-salt from the oceans and bury the 
resultant compacted saline in vast salty depositories. Perhaps one could take 
all the leaves that fall from trees in non-equatorial parts of the world, 
gather them together in large Hefty trash bags and bury them in specially 
designed subterranean chambers.
 
The mind simply strains without success at finding ways to express the lunacy 
of what is occurring. Whether the earth is warming up or cooling down is surely 
subject to scientific debate. But never before have Western elites had the gall 
to try to monetize weather. In fact, the global warming scandal – known as 
Cimategate – should have halted this elite promotion entirely; it did crush the 
movement from the point of public credibility. Yet we can see from this Kenyan 
climate change announcement (as reported by Reuters) that the powers-that-be 
are doing what they do best; manufacturing their own alternative reality and 
placing it once more in play.
 
The "real" reality is incontrovertible. Credibly leaked emails show clearly 
that prominent "warmist" scientists conspired to winnow out research papers 
that rebutted the fraud of global warming. These same scientists plotted to 
manipulate data to show atmospheric warming where there was none. Additional 
data was apparently further manipulated to project a "hockey stick graph that 
promised a global warming catastrophe.
 
All these manipulations and more, once exposed, should have guaranteed that the 
nonsensical movement would finally die. But the Anglo-American elites behind 
this craziness have fought off its full demise. Several "investigations" 
proclaimed the innocence of the scientists involved. A shrunken global warming 
"community" has soldiered on, grimly ignoring the scam's exposure. This is a 
hallmark of elite promotions as we've explained in the past. No matter the 
impracticality or rejection of a specific elite formulation, the powers-that-be 
push forward with their promotional methodologies.
When it comes to global warming, there have been continued setbacks, thanks to 
Climategate. America's only climate exchange last year shut down and was folded 
into the larger European effort. But as we track this meme, we can see how the 
Anglosphere continues to pursue it nonetheless. The Kenya climate exchange 
platform, just developed, is a case in point.
 
According to the Reuters article announcing the exchange, "Carbon markets are 
intended to cut the cost of fighting climate change by giving companies the 
flexibility either to reduce their own greenhouse gases or buy emissions 
permits ... The Africa Carbon Exchange in east Africa's biggest economy will 
provide holders of carbon credits with easier access to global markets and 
information, which in turn is expected to increase foreign investor interest in 
the region."
 
One can see how the elites are positioning this effort as one that will bring 
additional faux-prosperity to Kenya, which is one of Africa's more significant 
capitalist regions. Kenya we learn has some 17 projects awaiting registration 
by the executive board of the climate exchange, while three have already 
received approval. In the next five years, exchange executives claim Kenya will 
have attracted about $1 billion in foreign direct "energy-related" investments. 
Here's some more from the article:
 
Schemes, like those under the U.N. Kyoto Protocol's Clean Development Mechanism 
(CDM), promote investments in emission-reducing projects in the developing 
world by companies and governments in rich nations. In return for building wind 
farms or other projects, such investments can earn valuable carbon offsets 
called certified emission reductions (CERs) that can be sold for profit or used 
to meet mandatory targets to cut emissions…
 
GreenNext Sustainability Ltd, a Kenyan environmental management consulting 
firm, has been selling credits to international buyers who have access to 
global markets, but had to contend with low earnings due to high transactional 
costs. "They dictated prices and take off their commissions which means the 
prices we got for our clients are not as good," said James Mwangi, managing 
director at GreenNext. "With a local exchange we can probably try and influence 
the prices because the transactional costs are lower."
 
It all sounds so reasonable, until one realizes there is absolutely no 
definitive worldwide evidence that global warming exists, that it is melting 
polar ice-caps, that human beings are causing it (95 percent of the so-called 
greenhouse effect is caused by humidity, not carbon) or that warming – if it 
were occurring – would be "bad" for the world. Warming might open up additional 
farmland and generally increase productivity as new regions became more 
temperate and available for industrial expansion.
 
In any event, one can see how modern business is built in a fiat-money 
environment. The reality doesn't matter. Once one can print money-from-nothing, 
anything can be monetized, even the weather. Africa's planned "miracle" (we're 
pretty sure it's being planned) will be built on the chimera of climate change 
and other fantastical "business" concepts. It doesn't matter whether they make 
sense or not, whether they are credible, whether people actually accept them. 
What matters is that they provide trading opportunities and ways to wash fiat 
cash (money printed from nothing). The weight of all that money power is 
intended to drive the process.
 
In the 21st century, the elites have begun to perfect a capitalist system that 
is seemingly fraudulent from top to bottom. Large banks reportedly wash 
billions in drug money; the economies of developing countries are captured by 
fiat-money bubbles and stimulated until faux-booms are created – ultimately 
causing devastating collapses. Then the economic numbers are fudged to develop 
the perception that the resultant depression is actually a recovery, and the 
bubbles are reinflated as fast as central bankers can blow them back up.
Even now the Chinese "miracle" is collapsing; the monetary inflation rages out 
of control. Since the Chinese miracle likely cannot be sustained at its present 
rate, the elites are desperately looking elsewhere to develop cheap-wage 
industrial societies that will buy Western Treasuries and provide a bridge to a 
full-fledged global economic and monetary system. Africa, no matter its 
shortcomings, is high on the list of regions that can be developed for this 
purpose.
 
I have no idea if Kenyan climate exchange will succeed. Elite promotions – as 
we attempt to chart them daily – are in trouble the world over. The Internet 
itself has made these mainstream media elite promotions ever-more transparent 
and subject to ridicule on the blogosphere. This is in fact the reason that the 
elites have turned their collective Mordor-like eye on Africa. They have 
evidently decided to target the developing world where their manipulations are 
less evident and the promotional mechanisms are easier to implement. The UN, 
for instance, is very active in Africa in ways that would not be tolerated in 
the West.
 
A planned Union – similar to the failing European Union – is in the works for 
Africa too. There are already several regional central banks. Kenya and South 
Africa are the two major lynchpins of the planned African miracle. Of course 
more of the same is probably not what's needed. Millions of Kenyans live on a 
single dollar a day; the poverty is enormous; the human costs of the current 
system are incalculable. Western systems of regulatory democracy, grafted onto 
tribal politics, are a recipe for controlled chaos and, occasionally, genocide.
 
Into this place of Western-imposed dysfunction creeps the global warming meme. 
It is just as dishonest as the rest of the economic system that the West has 
imposed on this great, bleeding continent and its hard-working peoples. In the 
long-term, it will be no more successful. Africans will probably learn this the 
hard way.


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