Tuesday, December 1, 2009

Watching the next financial trainwreck coming

JoNova warns:

Sub-prime carbon is coming
Behind the scenes, large financial houses are moving in stealthily. In 2008, carbon trading worldwide reached $126 billion and is projected to grow to become a $2-$10 trillion dollar market, or “The largest commodity traded world wide”. The largest. That’s bigger than oil, coal, gas, or iron.

All those trillions invested in hot air. Here’s a smash you can see coming from miles off.
http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/hand_it_to_hustling_gore/

Posted via email from Garth's posterous

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