Emergency in Copenhagen
Research for Online Investors

by John Dalt

12/07/09

The protesters are out for blood. “The clock has ticked down to zero. After two years of negotiation, the time has come to deliver”, according to the U.N climate chief Yvo de Boer. Oops, it seems some of the radicals are now in charge of the agenda. For the next two weeks, nearly 200 nation’s representatives will trade away our freedom and money on an elusive ‘problem’ in Copenhagen.

The contrarian in me wonders; if they are successful in elevating ‘global warming’ to a problem that requires billions in dollars in new taxes and regulations, how long will it be before we must spend billions more to fight ‘global cooling’? If you remember, that was the concern in the 1970’s.

The New York Times has the article, “Meeting on Climate Opens With Calls for Urgent Action.” There are two problems for the delegates to the confab, securing commitments to cut greenhouse gases from member Nations and convincing wealthy nations to pay for not only their own but everybody else’s costs. Poor nations do not think they should have to pay anything to correct the ‘problem’, since they are not industrialized, they could not have caused it.

The conference opened with a video of children plea’s for the delegates to save them from an ‘apocalypse’.   After all, we all know, “We all want what is best for the children.” The Guardian editorialized, “The politicians in Copenhagen have the power to shape history’s judgment on this generation: one that saw a challenge and rose to it, or one so stupid that we saw calamity coming but did nothing to avert it. We implore them to make the right choice.”

Every day we get closer to a remedy foisted on us by the ‘world improvers’. We no longer have an administration or congress that looks out for America’s interests. Perhaps it would be good to remember the words of F.A. Hayek written 65 years ago in The Road to Serfdom. “Planning unites almost all of the single-minded idealists, all the men and women who have devoted themselves to a single task.  The hopes they place in planning, however, are the result not of a comprehensive view of society but rather of a very limited view and often the result of a great exaggeration of the importance of the ends they place foremost.  This is not to underrate the great pragmatic value of this type of men in free society like ours, which makes them the subject of just admiration.  But it would make the very men who are most anxious to plan society the most dangerous if they were allowed to do so.”

Make no mistake, the planners are alive and well. They are in control of the levers of power, they live among us, and they will enslave us to their grand dream. The U.S. Environmental Protection Agency (EPA) is set to announce that greenhouse gases pose a danger to human health. This will allow the EPA to regulate carbon dioxide, completely bypassing the congress. The only way to stop this is for the congress to change the legislation that empowers the EPA to regulate greenhouse gases. Good luck!

Thomas J. Donohue, president of the Chamber of Commerce said that regulating greenhouse gases “could result in a top-down command-and-control regime that will choke off growth (in the U.S.) by adding new mandates to virtually every major construction and renovation project.” Command and Control, what is not to like with that? That is exactly what the politicians want, people make such a mess of things when allowed to pursue their own dreams and goals. Again, the New York Times has the story, “E.P.A. Sets Carbon Crackdown.”

Free markets would cure this ‘problem’, as the price of crude oil goes higher, its use will go down. It is simple economics, but the world improvers don’t want to wait on the free market to regulate the use of energy. If the same ‘green coalition’ that is promoting climate change would stop blocking construction of nuclear plants, coal used in electricity generation would go down. No my friends, the problem is the free market does not include aid to developing nations to limit their emissions. With 200 nation’s voting, we lose. The U.S. is running the largest deficits ever, has unfunded mandates coming due, and piling up a national debt that can never be paid back.

How would it look for Maobama to oppose more foreign aid after winning the Nobel Peace Prize? The dangerous part of this wealth transfer is it would be mandated and run by the U.N. rather than renewed yearly by our congress and administration. We would give away money with no strings attached, another chip at our sovereignty.

The information presented in this newsletter is based on generally available news releases, corporate filings, current events, interviews and the editor’s opinions. It may contain errors and you should not make investment decisions based solely on what you believe you have read here. Do your own research, it is your money. If you lose it, it is your responsibility, not ours or your grandmothers! The editor may or may not have a position in any securities discussed. The editor may have held a position in a security earlier, or in the future.

MarketToday Home Page

Back to Top