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Super lost to Gore’s hot air

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Media Release  11th of July 2009

Craig Isherwood‚ National Secretary
PO Box 376‚ COBURG‚ VIC 3058
Phone: 03 9354 0544 Fax: 03 9354 0166

Super lost to Gore’s hot air

Retirement money that Australian workers are required by law to
hand over to the $6 billion VicSuper superannuation fund is being
sucked into the Goldman Sachs carbon bubble machine, and Al Gore is
coming to town this week to make sure it keeps coming.

VicSuper is a major investor in Gore’s Generation Investment
Management hedge fund, which is managed by former Goldman Sachs
executive David Blood, just one of an array of current and former
Goldman Suckers who are orchestrating a bigger financial scam than the
Dutch Tulip Bubble of 1637, premised on conning people into believing
they can change the weather.

The Goldman Sucks bubble machine was exposed by Matt Taibbi in a current Rolling Stone magazine feature entitled “The Great American Bubble Machine”.

Taibbi characterises Goldman Sucks as “a great vampire squid
wrapped around the face of humanity, relentlessly jamming its blood
funnel into anything that smells like money…

“The formula is relatively simple: Goldman positions itself in
the middle of a speculative bubble, selling investments they know are
crap… They’ve been pulling this same stunt over and over since the
1920s—and now they’re preparing to do it again, creating what may be
the biggest and most audacious bubble yet.”

The article documents the role of Goldman Sachs in every
bubble since the 1920s, including the IT bubble, the housing bubble,
etc. and then defines Goldman’s newest scheme, “the new game in town,
the next bubble, is in carbon credits—a booming trillion-dollar market
that barely even exists yet, but will if the Democratic Party that it
gave $4,452,585 to in the last election manages to push into existence
a groundbreaking new commodities bubble, disguised as an ‘environmental
plan,’ called cap-and-trade. The new carbon-credit market is a virtual
repeat of the commodities-market casino that’s been kind to Goldman,
except it has one delicious new wrinkle: If the plan goes forward as
expected, the rise in prices will be government-mandated. Goldman won’t
even have to rig the game. It will be rigged in advance.”

Goldman specialises in peddling influence, by making their
executives fabulously wealthy, and then deploying them to key positions
in government and public service. Well known Goldman Suckers include:
former U.S. Treasury Secretary Henry Paulson, George W. Bush’s chief of
staff Joshua Bolten, AIG white knight Ed Liddy (who funnelled $13
billion of AIG’s bail-out money to Goldman), the heads of the Canadian
and Italian central banks, the head of the World Bank, the head of the
New York Stock Exchange, the last two heads of the Federal Reserve Bank
of New York, Al Gore’s partner David Blood, and former Australian
Environment Minister and current Opposition leader Malcolm Turnbull.

(Is Turnbull’s Goldman Sachs connection the reason he is
forcing a deal on Rudd’s ignorantly-named Carbon Pollution Reduction
Scheme (CPRS), onto his very reluctant party room?)

Citizens Electoral Council leader Craig Isherwood blasted
Gore’s cap-and-trade scam: “Super funds are now rapidly pumping
Australian savings into a carbon bubble, which will evaporate in Gore’s
hot air, just as dupes lost money in the dot-com bubble bolstered by
the Y2K hoax. Remember those dot-com companies that produced nothing,
yet had millions of dollars in market capital? Well, we’re being sucked
into the same type of fraud again with carbon trading.”

Isherwood concluded, “However, this swindle is much worse,
because we’ll be pumping money to shut down productive industries and
attempting to replace them with inefficient so-called alternatives,
which will collapse our economy into dark age conditions, and kill


Written by Greg Naylor

14 July 2009 at 4:14 pm

Posted in PERSONAL

2 Responses

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  1. Well, Greg, if this is true, all shareholders in VicSuper are in for a very bumpy ride to nowhere.


    16 July 2009 at 8:40 am

    • Hi Jim. CEC make some intersting claims in their press releases. Some are too far to radical to be believable whilst others make you question them. Too many people dismiss the CEC as crackpots without ever following their direction and tactics.

      rGreg Naylor

      17 July 2009 at 12:49 am

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