Carbon trading is stupid

Besides Al Gore and the oligarchs, the simple truth is that
Carbon trading is stupid. It does not produce anything, and will
not help the environment in any way. It is just the creation of another
speculative bubble.
The financiers do not want to admit that their system is finished, and
that we need a Franklin Roosevelt style New Bretton Woods system. We need
fixed exchange rates, and the ability to make long term investments in the
physical economy.

The financial bubble can be put through a bankruptcy reorganization, but the
key question is can we save people and save the nation (link). Some of my friends have a lot of ideas on these subjects.