Why Trump Left The Trans-Pacific Partnership

(Straight from the source)

(Trump: T.P.P. is “rape” of our country)

(Trump says T.P.P. would have to be much better)

(Video from Brookings Creative Lab, omits key details)

(Government link for TPP, now referred to as CPTPP)

(Canada’s Bill C-79, October 2018)

1. Offshoring, Globalization, Free Trade

The other posts on outsourcing/offshoring are available here. It focuses on the hidden costs and trade offs society as a whole has to make. Contrary to what many politicians and figures in the media claim, there are always costs to these kinds of agreement. These include: (a) job losses; (b) wages being driven down; (c) undercutting of local companies; (d) legal action by foreign entities; (e) industries being outsourced; and (f) losses to communities when major employers leave. Don’t believe the lies that these agreements are overwhelmingly beneficial to all.

2. Important Links

(1) https://www.parl.ca/LegisInfo/BillDetails.aspx?Language=E&billId=9970461&View=5
(2) https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/cptpp-ptpgp/index.aspx?lang=eng
(3) https://www.forbes.com/sites/peterpham/2017/12/29/why-did-donald-trump-kill-this-big-free-trade-deal/#28d62e0b4e62
(4) https://www.brookings.edu/blog/unpacked/2017/03/24/trump-withdrawing-from-the-trans-pacific-partnership/
(5) https://www.nbcnews.com/business/economy/why-trump-killed-tpp-why-it-matters-you-n710781
(6) https://www.businessinsider.com/heres-why-trump-hates-the-trans-pacific-partnership-so-much-2016-11
(7) https://www.reuters.com/article/us-usa-trump-business-idUSKBN1571FD

3. Media Reviews On T.P.P. Withdrawal

President Trump believes otherwise. Throughout his election campaign, he referred to the TPP as a “horrible deal”, and would withdraw the U.S. from it when elected. When he became president, getting the U.S. out of the TPP was one Trump’s first acts, since he believed that it steals American jobs while benefiting large corporations.

Trump wasn’t entirely wrong. Companies from developed countries that signed up to the deal, such as Japan and the United States, would have outsourced to developing countries that have low-cost labor and fewer labor laws, such as Vietnam. In which case, unemployment in developed countries could have risen.

The Forbes article very bluntly points out that Donald Trump viewed TPP not as an opportunity, but as a threat to American jobs and American prosperity. While corporate heads would have gained from the treaty, those gains would not be shared with the U.S. public. The following NBC article, goes on to explain further.

As divisive as that language sounds, whoever got into the White House was likely to ditch the TPP. Hillary Clinton, adopting a progressive issue from Bernie Sanders, also came out against the deal during her run, saying in August, “I will stop any trade deal that kills jobs or holds down wages, including the Trans-Pacific Partnership. I oppose it now, I’ll oppose it after the election and I’ll oppose it as president.”

The idea was that if everyone brought down taxes on exported goods, U.S. companies would pay less for imports — while benefiting from cheaper labor overseas.

“Companies love free trade,” said Velshi. “Companies get to share profits with shareholders, the government gets the taxes, but workers don’t get their fair share.”

The article is extremely critical of free trade agreements, such as T.P.P. In short, jobs can and are outsourced to the 3rd world because it is so much cheaper. In turn, workers on the developed world are forced to accept much lower standards of living in order to compete.

Other media reports much the same content. Overall, Donald Trump believes that T.P.P. would be incredibly harmful to America as a whole.

In a Reuters article, Trump laid it out very plainly what he thinks of exploitive trade agreements:

“A company that wants to fire all of its people in the United States, and build some factory someplace else, and then thinks that that product is going to just flow across the border into the United States – that’s not going to happen,” he said.

Is this an attack on international trade as a whole? No. It is a rejection of lopsided treaties which one side benefits greatly at the expense of another. It is not a rejection of trade agreements which are MUTUALLY beneficial.

4. “National Treatment” Clause Returns

The so-called “national treatment” provisions were a very harmful part of NAFTA, which was signed in 1995. It allowed governments and companies to sue other governments if their business plans or environmental laws were considered unprofitable. From Chapter 11 of NAFTA.

Article 1102: National Treatment
1. Each Party shall accord to investors of another Party treatment no less favorable than that it accords, in like circumstances, to its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
2. Each Party shall accord to investments of investors of another Party treatment no less favorable than that it accords, in like circumstances, to investments of its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
3. The treatment accorded by a Party under paragraphs 1 and 2 means, with respect to a state or province, treatment no less favorable than the most favorable treatment accorded, in like circumstances, by that state or province to investors, and to investments of investors, of the Party of which it forms a part.
4. For greater certainty, no Party may:
(a) impose on an investor of another Party a requirement that a minimum level of equity in an enterprise in the territory of the Party be held by its nationals, other than nominal qualifying shares for directors or incorporators of corporations; or
(b) require an investor of another Party, by reason of its nationality, to sell or otherwise dispose of an investment in the territory of the Party.

This clause has caused all sorts of headaches in the name of “free trade”. (See Free Trade #2 for more details). No longer are there countries, but merely “economic zones”.

Now take a look at the Trans-Pacific Partnership.

Article 9.4: National Treatment
1. Each Party shall accord to investors of another Party treatment no less favourable than that it accords, in like circumstances, to its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments in its territory.
2. Each Party shall accord to covered investments treatment no less favourable than that it accords, in like circumstances, to investments in its territory of its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
3. For greater certainty, the treatment to be accorded by a Party under paragraphs 1 and 2 means, with respect to a regional level of government, treatment no less favourable than the most favourable treatment accorded, in like circumstances, by that regional level of government to investors, and to investments of investors, of the Party of which it forms a part.

Look familiar? It should. It is virtually the identical language that formed the basis of lawsuits (many successful), in Canada. Being a part of this agreement means signing away a good deal of your sovereignty.

5. Impact Of Previous “Free Trade” Deals

The Economic Policy Institute, a think-tank in Washington, releases reports and findings related to trade and commerce. Here are some of the their more interesting reports.

claims that trade with China has grown the bilateral trade deficit between 2001 and 2017 cost 3.4 million U.S. jobs, with losses in every state and congressional district. Keep in mind this wasn’t really free trade, but liberal trade.

This one claimed in 2003 that NAFTA had led to a net loss of 879,000 jobs in the United States, with most of them going to Mexico, where wages are much lower.

This one outlines the growing trade deficit with Canada and Mexico under NAFTA. While some deficit or surplus is to be expected in trade, it should never be one sided.

This one is another report about the mounting job losses as work continues to be outsourced, hurting American families.

This one outlined many harmful effects of free trade policies. One particularly rough one was forcing workers to accept much lower pay in order to keep their jobs. These trade policies bring cheap foreign labour into the equation as new competitors, and have the effect of driving down wages.

There are many other articles on these topics, but the 5 provided here should be enlightening on the dark side of putting profit over societies.

6. Currency Manipulation In “Free Trade”

Donald Trump has repeatedly called out the practice of currency manipulation, particularly with China. By manipulating the currency, nations can sell goods at what amounts to a much lower price.

First, a bit of background. The Chinese currency, called the renminbi, is what’s known as a policy currency. That means that unlike the U.S. dollar, which rises and falls in value in free market trading, the currency’s value against the dollar is set by the People’s Bank of China, an arm of the Chinese government.

While the PBOC has gradually tried to make the value of the renminbi more reflective of market forces, setting trading bands in which the renminbi is allowed to fluctuate every day, in the last analysis it is still under government control. Put another way, the value of the renminbi is manipulated by the government and always has been. It’s just that when Beijing was manipulating the value so that the renminbi appreciated against the dollar in the last few years, nobody in Washington complained.

When the Chinese Government manipulates its currency, it does so in order to artificially cheapen the costs of its products, and to gain an advantage over competitors.

In a “free market” world, this sort of thing should never be allowed.

It’s not free trade if all the nations involved aren’t playing by the same rules. It causes resentment and reduces goodwill.

7. Populism Is Protecting Your People

Leaders should protect the employment prospects of their citizens. The livelihood of the nation depends on there being opportunities for people to work and create lives for themselves. Countries should not be signing one-sided agreements which benefits others exclusively to the detriment of themselves.

So-called economic libertarianism promotes free trade throughout the world. This is sold as economic freedom, but it glosses over the hard truths involved. Outsourcing the employment of your nation is just corporate globalism. There is nothing populist or nationalist about throwing your people out of work en masse.

Perhaps Tucker Carlson lays it out the best. He uses the example of automated truck driving putting millions of drivers out of work.

Donald Trump’s pledge to pull the U.S. out of the Trans-Pacific Partnership was the right decision for the American public. He promised to bring jobs back to the country and create opportunities at home, and that was extremely popular.

In fairness, he has dangled the possibility of rejoining at some point, though the terms would have to be much better.

Response From Finance Department Questions On National Debt

(30% of Canada’s debt held by foreigners)

(Archived debt information is available)

(If data hard to see, written information in Section #4)

(Will Abram explains the issues here)

CLICK HERE, for response from Elections Canada

1. First Email Back

Hello ****,
.
1) Budget documents going back to 1995, they are available here: https://www.budget.gc.ca/pdfarch/index-eng.html
2) The Debt Management Reports and Fiscal Reference Tables may be useful. I am still looking to see if I can find more. You may want to try reaching out to the Bank of Canada for more information.
.
Regards,

2. Second Email Back

Hello again ****,
.
After asking around, here is what I was told regarding your second question:
.
Government of Canada marketable debt, which includes treasury bills and marketable bonds, is distributed cost-effectively through competitive auctions to Government Securities Distributors, a group of banks and investment dealers in the domestic market. These Government Securities Distributors then resell securities bought at auctions to their wholesale and retail clients in the secondary market.
.
Ultimately, the majority of Government of Canada debt is held by Canadian households, institutions and governments. The participation of international investors in Government of Canada securities markets is of benefit to Canadians, as they serve to increase competition, increase the diversity of the Government’s investor base, and ultimately reduce borrowing costs for Canadian taxpayers.
.
For more information, you may also wish to review the Debt Management Report 2017-2018 (e.g., Chart 9) at https://www.fin.gc.ca/pub/dmr-rgd/index-eng.asp.
.
Hope this helps.
.
Regards,

3. Information On Debt Summary

This chart, and the information from it is provided by the sources which the Ministry of Finance has provided here.

Chart 1
Snapshot of the Federal Balance Sheet, as at March 31, 2018
Unmatured debt
.
Market debt
$704.3 billion
.
(marketable bonds, treasury bills, retail debt, and foreign currency debt)
Market debt value adjustments and capital lease obligations
$16.9 billion
.
Other liabilities
.
Pensions and other liabilities
$281.4 billion
.
Accounts payable and accrued liabilities
$154.8 billion
.
Total Liabilities $1,157.4 billion
.
Less financial assets
$398.6 billion (cash, reserves, loans)
.
Net debt
$758.8 billion
.
Less non-financial assets
$87.5 billion (capital assets)
.
Federal debt
$671.3 billion (accumulated deficit)

4. Looking At The Debt Tables

Recent report is here. See page 9.

The staff was helpful enough to direct me to this table, and hence, the data within it. Now, let’s see how much interest or “Public Debt Charges” we have been paying off since 1966.

Year Interest ($Mil) Cum. Since 1966
1966-67 1,162 1,162
1967-68 1,286 2,448
1968-69 1,464 3,912
1969-70 1,694 5,606
1970-71 1,887 7,493
1971-72 2,110 9,603
1972-73 2,110 11,703
1973-74 2,565 14,278
1974-75 3,238 17,516
1975-76 3,970 21,486
1976-77 4,708 26,194
1977-78 5,531 31,725
1978-79 7,024 38,749
1979-80 8,494 47,243
1980-81 10,658 57,901
1981-82 15,114 73,015
1982-83 16,903 89,918
1983-84 20,430 110,348
1984-85 20,430 110,348
1985-86 27,657 138,005
1986-87 28,718 166,723
1987-88 31,233 197,956
1988-89 35,532 233,488
1989-90 41,246 274,734
1990-91 45,034 319,768
1991-92 43,861 363,629
1992-93 41,332 404,961
1993-94 40,099 445,060
1994-95 44,185 489,245
1995-96 49,407 538,652
1996-97 47,281 585,933
1997-98 43,120 629,053
1998-99 43,303 672,356
1999-00 43,384 715,740
2000-01 43,384 715,740
2001-02 39,651 755,391
2002-03 37,270 792,661
2003-04 35,769 828,430
2004-05 43,384 871,814
2005-06 33,772 905,586
2006-07 33,945 939,531
2007-08 33,325 972,856
2008-09 28,269 1,001,125
2009-10 26,652 1,027,687
2010-11 28,610 1,056,297
2011-12 29,038 1,085,335
2012-13 25,533 1,110,868
2013-14 24,729 1,135,597
2014-15 24,207 1,159,804
2015-16 21,837 1,181,641
2016-17 21,232 1,202,873
2017-18 21,889 1,224,762

Note: This only applies to interest payments on the NATIONAL debt. The Provinces, particularly Ontario and Quebec, have been piling on their own debt.

To be fair, we can largely exclude the payments before 1974, which is when Trudeau Sr. forced fiat banking on Canada. That would remove $14,278M. leaving Canada with $1,210,484 in interest paid as of 2018. $1.21 trillion, just in interest (or public debt charges).

Although I didn’t get names of specific bond holders, it was not a total loss. Our debt is bought an sold, just like a collections agent would do, and about 30% is sold to foreign buyers.

5. No Political Will To End Debt

Although political parties pay lip service to the idea of balancing a budget, they tap-dance around the idea of paying it off.

Why though? If merely “balancing the budget” means paying interest payments forever, why is that all that is talked about? Why is this open-ended drain on the public purse not discussed?

Anyone who has ever held a credit card knows that it is senseless to let the charges keep accumulating. Eventually, the interest and fees will exceed the cost of the initial charge.

So why DON’T politicians want to get rid of our debt? Are these “interest” payments really a form of money laundering? Are they being told (or paid off) not to get rid of the debt?

6. Reason Behind The Debt: PRIVATE Borrowing

The idea of dumping central (fiat banking) is never brought up. Even so called “deficit hawks” never address the reason of why this exists is the first place. They never talk about the Bank for International Settlements, nor do they discuss the Basel Committee.

In 1974, Pierre Trudeau changed Canada’s monetary system, and did so without a democratic mandate. Since the 1934 Bank of Canada Act, the Federal Government had effectively been borrowing money from itself. This meant that interest payments amounted to the Canadian public being paid. See PART 1 of the series for more information.

However, since 1974, Canada has been borrowing from private lenders. Quite simply, we now have to pay other parties, instead of ourselves.

The reason for doing this has never been made clear. Vague claims have been made about stability of currency and inflation control. But a cause-and-effect has never actually been demonstrated. Nor has any benefit been shown that would counter the endless repayments, and ever growing debt.

And while this article is aimed at the Federal Government, the Provinces do not get a pass. More on them in another article.

7. Who’s Pushing For Continuation Of Scheme?

Remember this quote from the Ministry of Finance. Though specific people, institutions and parties were not named, it is reasonable to assume that this is a profitable business. After all, it is buying and selling — and reselling — national debt on the open market.

Government of Canada marketable debt, which includes treasury bills and marketable bonds, is distributed cost-effectively through competitive auctions to Government Securities Distributors, a group of banks and investment dealers in the domestic market. These Government Securities Distributors then resell securities bought at auctions to their wholesale and retail clients in the secondary market.

Ultimately, the majority of Government of Canada debt is held by Canadian households, institutions and governments. The participation of international investors in Government of Canada securities markets is of benefit to Canadians, as they serve to increase competition, increase the diversity of the Government’s investor base, and ultimately reduce borrowing costs for Canadian taxpayers.

The Ministry has been contacted again asking for specific names. If they won’t release any, then perhaps a freedom of information request will be needed. However, it’s unwise to drop names without any proof.

It’s reasonable to believe that the people profiting the most from this scheme are the ones pushing to keep fiat going. If any specifics are provided, they will be added as an update.

(1) https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=1010004801#timeframe
(2) https://en.wikipedia.org/wiki/Bank_for_International_Settlements
(3) https://www.bis.org
(4) https://www.bis.org/about/member_cb.htm
(5) https://www.bis.org/bcbs/organ_and_gov.htm
(6) https://www.fin.gc.ca/pub/dmr-rgd/index-eng.asp
(7) https://www.budget.gc.ca/pdfarch/index-eng.html
(8) https://www.fin.gc.ca/pub/frt-trf/index-eng.asp

Max Boykoff’s Revenge On Science: Creative Climate Communications, Part I

1. Important Links

CLICK HERE, for the Climate Change Scam Part I.
CLICK HERE, for Part II, the Paris Accord.
CLICK HERE, for Part III, Saskatchewan Appeals Court Reference.
CLICK HERE, for Part IV, Controlled Opposition to Carbon Tax.
CLICK HERE, for Part V, UN New Development Funding.
CLICK HERE, for Part VI, Disruptive Innovation Framework.
CLICK HERE, for Part VII, Blaming Arson On Climate Change.
CLICK HERE, for Part VIII, Review Of Green New Deal.
CLICK HERE, for Part VIII(II), Sunrise Movement & Green New Deal.
CLICK HERE, for Part IX, Propaganda Techniques, Max Boykoff.
CLICK HERE, for Part X, GG Pollution Pricing Act & Bill C-97.
CLICK HERE, for part XI, Dr. Shiva Ayyadurai Explains Paris Accord

2. US & Canadian Copyright Laws

Disclaimer #1: The Canadian Copyright Act has a “fair dealing” provision, which allows for copyrighted material to at times be used for specific purposes: research, private study, education, parody, satire, criticism, review and news reporting. Click Here and also Click Here for more information.

Disclaimer #2: The U.S. Copyright Act has a “fair use” provision, which states that the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. Click Here to read the text.

This should be obvious, but just to clarify, this article is about criticizing, commenting on, teaching and researching purposes.

3. About The Author, Maxwell Boykoff

His professional biography is available here.

Max’s research and creative work has developed primarily in two arenas:
(1) cultural politics of science, climate change and environmental issues = this refers to ways that attitudes, intentions, beliefs and behaviors of individuals and groups shape (and are shaped by) the perceived spectrum of possible action in the context of science-policy, climate change and environmental issues.
.
(2) transformations of carbon-based economies and societies (with emphasis on the interface of science and practical action) = this refers to decarbonization politics, policies and decision-making, with particular interest in how these activities find meaning in people’s everyday lives, as well as how they, in turn, feed back into science-policy decision-making.

Feel free to check into his other works.
Now for the book itself.

4. Table Of Contents

(1) Here And Now
(2) How We Know What We Know
(3) Do The Right Thing
(4) Ways Of Learning, Ways Of Knowing
(5) It’s Not You, It’s Me…. Actually It’s Us
(6) Academic Climate Advocacy & Activism
(7) Silver Buckshot
(8) Search For Meaning

5. Quoting Creative Climate Communications

(From back cover) Conversations about climate change at the science-policy interface and in our lives have been stuck for some time. This handbook integrates lessons from the social sciences and humanities to more effectively make connections through issues, people and things that everyday citizens care about. Readers will come away with an enhanced understanding that there is no “silver bullet” to communications about climate change; instead a “silver buckshot” approach is needed where strategies effectively reach different audiences in different contexts.

One thing that will be clear right away: this is not about using scientific methods to PROVE that climate change is a serious threat. Rather, it is about using scientific methods to CONVINCE people that climate change is a serious threat. Very different things.

We live in remarkable times. Amidst high-quality and well-funded research into the causes and consequences of climate change, conversations in our lives — and climate communications — are stuck. Consciously or unconsciously, a feeling of complacency has often weighed on our collective and our individual selves.

Another point made early on, Boykoff expresses no doubt whatsoever in the “scientific findings” of the climate change movement. The entire focus of the book is about using social science and humanities research to persuade people this is a problem.

(Page 2) Responding to these emergent needs, in recent years has been a blossoming of valuable research in the peer-review literature addressing various elements of this larger challenge. More research groups, organizations, institutions and practitioners around the world have increasingly explored creative spaces of climate communication to better understand what works where, with whom (what audiences), when and why.

Boykoff makes an important note here. He is not by any means a revolutionary here. “Climate communications” is a growing field, with people all over the world trying to determine better methods for “selling” the climate change claims. In short, this is research about marketing. Not science.

(Page 2) Creative approaches involve the deployment of multimodal communications. A mode is a system of choices used to communicate meaning. What might count as a mode is an open-ended set, ranging cross a number of systems, including but not limited to language, image, color, typography, music, voice, quality, dress, posture, gestures, special resources, perfume and cuisine.

What superficial points are listed?

  • language
  • image
  • colour
  • typography
  • music
  • voice
  • quality
  • dress
  • posture
  • gestures
  • special resources
  • perfume
  • cuisine

We are still just on the second page, and already getting an introduction into the very superficial traits which can subtly be used to convince people of our arguments.

Forget facts, research, data, and logic. This is all about presenting a good sales pitch.

(Page 3) Among many elements seeping into the environments, I consider the dynamics that shape creative and potentially effective messages as well as messengers of those climate change communications. Over time, broad references to communications through media platforms have generally pointed to television, films, books, fliers, magazines, radio and internet for pathways for largescale communications.

Additional modes and manifestations of communications also include (analyses of) documentary films about dystopian futures, stand-up comedy about climate and cultures, podcasts about climate science and policy interactions.

Boykoff notes the traditional forms of media, but laments that they are not enough by themselves to do the job. The job of course, is “pitching” the climate change agenda.

(Page 4) Meeting people where they are takes carefully planned and methodical work. It does not mean “dumbing things down” for different audiences. Through this process of assessment of research and practice in these areas, conversations can more capably seek answers to a provocative question Mike Hulme posted in 2009, “How does the idea of climate change the way we arrive at and achieve our personal aspirations and our collective social goals?”

(Page 5) KNOW THY AUDIENCE
These creative (climate) communication endeavors must start with consideration of the audience. These may be imagined, (un)intended or actual audiences. Researchers and practitioners have increasingly paid attention to differentiated audiences as key components to deliberate development of effective communication.

Knowing who your audience is actually a useful piece of advice, regardless of circumstances. However, in context of this book, it comes across as manipulation.

(Page 6) Audience segmentation and consequent message alteration has been a part of marketing and associated communications strategies since the 1950s (Smith 1956, Slater 1996). Audience segmentation endeavours as they relate to climate change communications, have proliferated over the last decade (Leal Finho 2019).

This book is about marketing strategies of climate change “communications”. Nothing more. It is about manipulative techniques designed to persuade by non-factual means.

6. Where Things Go From Here

The book is 300 pages, the last 60 of which are references. No doubt that an awful lot of work has gone into this. Yes, the intro article is relatively short, but it is setting the stage for later. Sequels will be longer and quote much more.

As alluded to earlier, this is really a book about marketing. It’s not about research done to prove that humans are causing climate change, but rather research to CONVINCE people that they are.

Rather than going into environmental research, the book delves in sociological and social psychological research methods. It looks at work previously done in the fields of persuasion, and applies those principles to “climate communications”.

Boykoff appears to have no doubts about humans causing climate change. Nor does he seem to have any reservations about using these social studies techniques to pursue what is essentially a political goal. He straightforwardly admits that it’s a growing field, and many have contributed to this area of research.

Boykoff admits that this area is “selling” or “pitching” the climate change narrative. While acknowledging it is a start, he has no problems with it. Seems the scientists have given up on the research area of climate science, and are throwing their resources into the marketing aspect.

It’s both nefarious and creepy.

UN Global Taxation Efforts & Schemes

(Ways to raise money)

(Details of proposed global tax scheme)

These are not the only examples, but should serve as an illustration for the “taxation” efforts the UN is undertaking in order to finance its various agendas. Of course its ultimate goal is world domination. It’s quite the rabbit hole, and this is just surface level.

(Shiva Ayyadurai, Republican and former Senate Candidate explains how the Carbon tax really works.)

1. Paris Accord Is All About Taxation

(This is the Paris Accord, and “Conservative” Garnett Genuis’ dishonest spin in supporting it in Parliament.)

This is not an exaggeration, or hyperbole. The entire point of the agreement is to generate an enormous slush fund. The UN IPCC and select partners can then put that money into the commodities market and make trillions from it.

If you have any doubts about that, read Article 9 from the Paris Agreement. It spells out the “financial flow” in no uncertain terms.

1. Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention.

2. Other Parties are encouraged to provide or continue to provide such support voluntarily.

3. As part of a global effort, developed country Parties should continue to take the lead in mobilizing climate finance from a wide variety of sources, instruments and channels, noting the significant role of public funds, through a variety of actions, including supporting country-driven strategies, and taking into account the needs and priorities of developing country Parties. Such mobilization of climate finance should represent a progression beyond previous efforts.

4. The provision of scaled-up financial resources should aim to achieve a balance between adaptation and mitigation, taking into account country-driven strategies, and the priorities and needs of developing country Parties, especially those that are particularly vulnerable to the adverse effects of climate change and have significant capacity constraints, such as the least developed countries and small island developing States, considering the need for public and grant-based resources for adaptation.

5. Developed country Parties shall biennially communicate indicative quantitative and qualitative information related to paragraphs 1 and 3 of this Article, as applicable, including, as available, projected levels of public financial resources to be provided to developing country Parties. Other Parties providing resources are encouraged to communicate biennially such information on a voluntary basis.

6. The global stock take referred to in Article 14 shall take into account the relevant information provided by developed country Parties and/or Agreement bodies on efforts related to climate finance.

7. Developed country Parties shall provide transparent and consistent information on support for developing country Parties provided and mobilized through public interventions biennially in accordance with the modalities, procedures and guidelines to be adopted by the Conference of the Parties serving as the meeting of the Parties to this Agreement, at its first session, as stipulated in Article 13, paragraph 13. Other Parties are encouraged to do so.

8. The Financial Mechanism of the Convention, including its operating entities, shall serve as the financial mechanism of this Agreement.

9. The institutions serving this Agreement, including the operating entities of the Financial Mechanism of the Convention, shall aim to ensure efficient access to financial resources through simplified approval procedures and enhanced readiness support for developing country Parties, in particular for the least developed countries and small island developing States, in the context of their national climate strategies and plans.

These are quotes directly from the Paris Accord. In particular, Article 9 makes it abundantly clear that this is all about “financial flow” and a transfer of wealth from the developed world to the developing world.

Actual environmental changes seem almost to be an afterthought. This is a giant wealth transfer scheme.

2. New Development Finance, Bait-and-Switch

Okay, what are these “revenue sources”?

  • SDR (or special drawing rights), from IMF $150B-$270B
  • Carbon taxes, $240B
  • Leveraging SDR, $90B
  • Financial transaction tax, $10B-70B
  • Billionaire tax, $90B
  • Currency trading tax, $30B
  • EU emissions trading scheme, $5B
  • Air passenger levy, $10B
  • Certified emission reduction tax, $2B
  • Current ODA Flow, $120B

If these numbers are accurate, then the US is viewed as a cash cow somewhere to the tune of $627 billion to $807 billion. Yes, this only refers to revenue potential from the United States. I believe this is annually.

What does the report say about SDAs?

These include taxes on financial and currency transactions and on greenhouse gas emissions, as well as the creation of new international liquidity through issuance of special drawing rights (SDRs) by the International Monetary Fund IMF), to be allocated with a bias favouring developing countries or leveraged as development financing. Though their potential may be high, these proposals are subject to political controversy. For instance, many countries are not willing to support international forms of taxation, as these are said to undermine national sovereignty.

No kidding. There is a lot of political opposition to taxes which are deemed to undermine national sovereignty. Could that be because these taxes AREN’T being used to support the well being of the citizenry? Instead the money is being funnelled out of the country in the name of some global good project.

This is how bait-and-switch works:
(1) Raise money using cause A.
(2) Actually spend the money on cause B.

An array of other options with large fundraising potential have been proposed (see figure O.1 and table O.1), but have not been agreed upon internationally thus far. These include taxes on financial and currency transactions and on greenhouse gas emissions, as well as the creation of new international liquidity through issuance of special drawing rights (SDRs) by the International Monetary Fund IMF), to be allocated with a bias favouring developing countries or leveraged as development financing. Though their potential may be high, these proposals are subject to political controversy. For instance, many countries are not willing to support international forms of taxation, as these are said to undermine national sovereignty.

(Page 86) Debt-conversion mechanisms
Debt conversion entails the cancellation by one or more creditors of part of a country’s debt in order to enable the release of funds which would otherwise have been used for debt-servicing, for use instead in social or environmental projects. Where debt is converted at a discount with respect to its face value, only part of the proceeds fund the projects, the remainder reducing the external debt burden, typically as part of a broader debt restructuring.

Debt to developing nations can be “forgiven”, at least partly, if certain conditions are met. However, the obvious question must be asked:

Can nations be loaned money they could never realistically pay back, in order to ensure their compliance in UN or other global agenda, by agreeing to “forgive” part of it?

(Page 86) Debt conversion first emerged, in the guise of debt-for-nature swaps, during the 1980s debt crisis, following an opinion article by Thomas Lovejoy, then Executive Vice-President of the World Wildlife Fund (WWF), in the New York Times in 1984. Lovejoy argued that a developing country’s external debt could be reduced (also providing tax relief to participating creditor banks) in exchange for the country’s taking measures to address environmental challenges. Estimates based on Sheikh (2010) and Buckley, ed. (2011) suggest that between $1.1 billion and $1.5 billion of debt has been exchanged through debt-for-nature swaps since the mid–1980s, although it is not possible to assess how much of this constitutes IDF, for the reasons discussed in box III.1.

If debt can be forgiven in return for environmental measures, then why not simply fund these environmental measures from the beginning? Is it to pressure or coerce otherwise unwilling nations into agreeing with such measures?

(Page 88)
There have been two basic forms of debt-for-nature exchanges (Buckley and Freeland, 2011). In the first, part of a country’s external debt is purchased by an environmental non-governmental organization and offered to the debtor for cancellation in exchange for a commitment to protect a particular area of land. Such transactions occurred mainly in the late 1980s and 1990s and were generally relatively small-scale. An early example was a 1987 deal under which Conservation International, a Washington, D.C.-based environmental non-governmental organization, bought $650,000 of the commercial bank debt of Bolivia (now Plurinational State of Bolivia) in the secondary market for $100,000, and exchanged this for shares in a company established to preserve 3.7 million acres of forest and grassland surrounding the Beni Biosphere Reserve in the north-east part of the country. In the second form, debt is exchanged for local currency (often at a discount), which is then used by local conservation groups or government agencies to fund projects in the debtor country. Swaps of this kind are generally much larger, and have predominated since the 1990s. The largest such swap came in 1991, when a group of bilateral creditors agreed to channel principal and interest payments of $473 million (in local currency) into Poland’s Ecofund set up to finance projects designed to counter environmental deterioration. The EcoFund financed 1,500 programmes between 1992 and 2007, providing grants for conservation projects relating to cross-border air pollution, climate change, biological diversity and the clean-up of the Baltic Sea (Buckley and Freeland, 2011).

We will “forgive” your debt if:
(1) A portion of your land is off limits; or
(2) Debt converted to currency to fund “projects”

The entire document is 178 pages. While a tedious read, it’s worthwhile.

3. UN Wants $400B In Global Taxation

(UN supports global tax to raise $400B)

New York, 5 July 2012 –The United Nations is proposing an international tax, combined with other innovative financing mechanisms, to raise more than $400 billion annually for development and global challenges such as fighting climate  change. In its annual report on global development, World Economic and Social Survey 2012: In Search of New Development Finance, (WESS 2012) launched today, the UN says, in the midst of difficult financial times, many donor countries have cut back on development assistance. In 2011, for the first time in many years, aid flows declined in real terms

The survey finds that the financial needs of developing countries have long outstripped the willingness and ability of donors to provide aid. And finding the necessary resources to achieve the Millennium Development Goals and meet other global challenges, such as addressing climate change, will be tough, especially for least developed countries. 

The need for additional and more predictable financing has led to a search for new sources not as a substitute for aid, but as a complement to it . A number of innovative initiatives have been launched during the past decade, mainly to fund global health programmes aimed at providing immunizations, AIDS and tuberculosis treatments to millions of people in the  developing  world.  The  UN  survey  finds  that  while  these  initiatives have successfully used new methods to channel development financing to combat diseases, they have hardly yielded any additional funding on top of traditional development assistance. 

This source explains it straight from the horse’s mouth. The UN is not taking in enough money for its various schemes. In fact, real contributions are shrinking. Therefore it is necessary to come up with new and innovative ways to tax developed nations.

Of course one of the most common ways is with the “climate change” scam. But it is hardly the only one. The UN views many forms of wealth simply as money to tap into.

4. UN Eyeing Up African Pensions

(Pensions are also being eyed as a funding source)

(Page 10) III. PENSION FUNDS DIRECT INVESTMENT IN INFRASTRUCTURE
International experience At 36.6 percent of GDP, assets of the pension funds in OECD countries are relatively large. As of end-2013, pension-fund assets were even in excess of 100 percent in countries such as the Netherlands, Iceland, Switzerland, Australia, and the United Kingdom (Figure 1). In absolute terms, pension funds in OECD countries held $10.4 trillion of assets. While large pension funds (LPFs) held about $3.9 trillion of assets, assets in public and private sector and public pension reserves (PPRFs) stood at $6.5 trillion.

(Page 30) C. Policy framework for investment in infrastructure Pension funds—just like other investors, domestic and foreign—need a fair, transparent, clear, and predictable policy framework to invest in infrastructure and other assets. This is important as infrastructure assets have a number of characteristics that increase investors’ perception of risk. First, infrastructure projects typically involve economies of scale and often lead to natural monopolies with high social benefits and, at times, lower private returns. As a result, infrastructure projects may require heavy government involvement. Second, infrastructure projects are often large and long-lived with a significant initial investment but with cash flows that accrue over a long horizon.

In this regard, improving the policy framework for investment can be useful to countries seeking to develop the investor base for infrastructure. For instance, the OECD’s Policy Framework for Investment (PFI) uses self-assessments and/or an external assessment by the OECD to help a country elaborate policies for capacity building and private sector development strategies, and inform the regional dialogue (OECD, 2015b). The PFI’s investment policy refers not only to domestic laws, regulations, and policies relating to investment but also goals and expectations concerning the contribution of investment to sustainable development, such as infrastructure

(Page 31) D. Infrastructure financing instruments available to pension funds Even in well-performing pension systems where the governance, regulation, and supervision of pension funds are conducive to investment in infrastructure and there is a sound policy framework for investment, there is still a need for adequate instruments to channel pension fund assets into the infrastructure sector. Pension funds can use a number of channels to invest in infrastructure. Direct exposure is gained mainly through the unlisted equity instruments (direct investment in projects and infrastructure funds) and project bonds, while indirect exposure is normally associated with listed equity and corporate debt. More specifically, pension funds can rely on a number of options such as

The paper itself is quite long, but here is the gist of it. (See archive). The UN wants to take African pension funds and use them to “invest” it UN type of schemes.

While this seems harmless enough, remember the Paris Accord. The UN thinks nothing of taxing the developed world hundreds of billions of dollars under false pretenses in order to invest in the commodities market. Nor does the UN object to giving “infrastructure loans” to nations that will likely never be able to pay it back.

It should alarm people that an organization with no inherent loyalty to the region would want to use African pension funds to finance its own agenda.

5. UN Environment Programme (UNEP)

(UN Environment Programme)

United Nations Environment Programme – Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 250 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them.

UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.

Here are the members of the Global Steering Committee. In short, this is a partnership between the UN and banking sector.

Keep in mind the “New Development Financing” agenda discussed earlier. Money is taken and used to “invest” in 3rd World Development Programs. Countries that are unable to pay back are forced either to give up sovereignty, or comply with other arrangements.

Banks are in the business of making money. Alternatively, they are in the business of acquiring assets which can be converted into money, or otherwise make them money. What if this banking alliance has no altruistic roots, and is meant to be predatory?

Uppity Peasants has an interesting take on the UNEP.

Make no mistake, this is exactly what happens to these people, by the way. One cross-country comparison between microloan recipients in Bangladesh and payday loan recipients in Canada found that both ‘products’ tend to attract the same kinds of people to them from very similar backgrounds, for largely the same reasons — i.e., neither group tends to use these loans for re-investment, such as starting a business; rather, they use them to cover day-to-day expenses at exorbitant interest rates, thus entrapping themselves in a cycle of never ending debt (Islam & Simpson, 2018). If you know how bad the consequences of payday lending can be for people in the first world, imagine how bad it is for someone who’s already living in third world-levels of poverty.

Now, part of the reason why the UNEP, of all possible agencies, is so heavily invested (emotionally and literally) into fintech and other start-up technologies is because many of the “incumbent banks” — the top-players of our current system — don’t think that completely up-ending the global financial system to move the focus away from profits and toward complying with heavy-handed, UN-decided environmental regulations is a particularly attractive road to go down. In the next excerpt, the UNEP openly admit that start-ups in this area are better to invest in for the pursuit of ‘change’, specifically because their owners tend to be new to the world of business and, as such, don’t know enough about what they’re doing to avoid being manipulated — and that’s where the UNEP comes in.

Uppity Peasants argues that the UNEP is driven much more on a business model than on any kind altruistic path. Further, the circumstances which the aid recipients require the resources to cover essential expenses means they are unable to invest anything. This is similar to a payday loan type of system.

6. Green Finance For 3rd World $5-7 Trillion

(Green finance for developing countries)

(Page 13)In 2015, governments adopted three major agreements that set out their vision for the coming decades: a new set of 17 sustainable development goals (SDGs), the Paris Agreement on climate change and the ‘financing for development’ package. Finance is central to realizing all three agreements – and these now need to be translated into practical steps suited to each country’s circumstances.

Sustainable Energy for All estimates that annual global investments in energy will need to scale up from roughly US$400 billion at present to US $1-1.25 trillion. Of that, US$40-100 billion annually is needed to achieve universal access to electricity. Overall, US $5-7 trillion a year is needed to implement the SDGs globally. Developing countries are estimated to face an annual investment gap of US$2.5 trillion in areas such as infrastructure, clean energy, water and sanitation, and agriculture.

(Page 14) The challenge for financial systems is twofold: to mobilize finance for specific sustainable development priorities and to mainstream sustainable development factors across financial decision-making.

Capital needs to be mobilized for inclusion of underserved groups (e.g. small and medium enterprises), raising capital for sustainable infrastructure (e.g. energy, housing, transport, urban design) and financing critical areas of innovation (e.g. agriculture, mobility, power).

Sustainability needs to become mainstream for financial institutions. This starts with ensuring market integrity (e.g. tax, corruption, human rights) and extends to integrating environmental and social (E&S) factors into risk management (e.g. climate disruption, water stress). Sustainability also needs to be incorporated into the responsibilities and reporting of market actors to guide their decision-making. Momentum is building to align financial systems with the financing needs of an inclusive, sustainable economy. This is complementary to ‘real economy’ actions such as environmental regulations, reform of perverse subsidies and changes to resource pricing. However, while these are critical, it is increasingly recognized that changes are also needed in the financial system to ensure that it is both more stable and more connected to the real economy.

Some interesting points here:

  • $5 to $7 trillion (yes trillion) needed annually fulfill these goals. The billions stated before was lowballed.
  • The “sustainability” agenda needs mass marketing.
  • Finance needed for:
    1. 17 goals of Agenda 2030
    2. Paris Climate Accord
    3. Finance for development
  • 3 above items to be integral part of national agendas.
  • Most of this has nothing to do with the environment

In fact, it reads like a global version of the US Green New Deal, proposed by Alexandria Ocasio-Cortez. In fact, her Chief of Staff, Saikat Chakrabarti, admitted it was about changing the economy, not the environment.

7. International Chamber Of Commerce

(International Chamber of Commerce)

THE INTERNATIONAL CHAMBER OF COMMERCE ICC is the world’s largest business organization with a network of over 6 million members in more than 130 countries. We work to promote international trade, responsible business conduct and a global approach to regulation through a unique mix of advocacy and standard setting activities—together with market-leading dispute resolution services. Our members include many of the world’s largest companies, SMEs, business associations and local chambers of commerce.
.
We are the world business organization.

That quote came from their policy guide. Pretty straightforward. They want to run business on a global level. Now, let’s get to the meat and potatoes, the tax proposals:

Interplay between tax policy making and economic growth The world’s population is predicted to increase by 2 billion people by 2050, and the population of the world’s least developed countries is projected to double by 2053, in some countries even tripling. By 2025 half of the world’s population will be living in water-stressed areas. Under such circumstances, the need for large-scale investment in economic growth and development becomes evident.

Whilst there is no panacea, it is evident that greater alignment of investment and tax policies would be essential in promoting investment, job creation and economic growth. International commerce remains a powerful mechanism to help lift people out of poverty. Tax is intrinsically linked to development as taxation provides the revenue that states need to mobilize resources and reinforce a country’s infrastructure. Taxation “provides a predictable and stable flow of revenue to finance public spending, and shapes the environment in which investment, employment and trade takes place.”

Further, it is important to have a fair, efficient, and effective revenue collection infrastructure to promote economic and social development. Domestic resource mobilization (DRM) has been proposed as a way to meet the SDGs with the development finance already available. However, DRM can be impeded by unclear and confusing tax systems. It is imperative that companies are able to move products and services into areas where they are most needed without unnecessary administrative impediments.

Having a reliable and consistent taxation policy seems reasonable enough. However, the ICC is not being clear on the reason behind the push. They want better taxation methods in order to INCREASE the amount of revenue available.

Governments often side with these groups, even when it is not in the best interests of the citizens themselves. “Investment” dollars are then shovelled into infrastructure projects.

Tax the people, so that the money can be “properly” spent, as the UN and their partners see fit.

8. Addis Ababa Action Agenda

(Addis Ababa Action Agenda)

(Page 10) DOMESTIC PUBLIC RESOURCE
For all countries, public policies and the mobilization and effective use of domestic resources, underscored by the principle of national ownership, are central to our common pursuit of sustainable development, including achieving the sustainable development goals. Building on the considerable achievements in many countries since Monterrey, we remain committed to further strengthening the mobilization and effective use of domestic resources

(Page 10) 22. We recognize that significant additional domestic public resources, supplemented by international assistance as appropriate, will be critical to realizing sustainable development and achieving the sustainable development goals. We commit to enhancing revenue administration through modernized, progressive tax systems, improved tax policy and more efficient tax collection. We will work to improve the fairness, transparency, efficiency and effectiveness of our tax systems, including by broadening the tax base and continuing efforts to integrate the informal sector into the formal economy in line with country circumstances.

23. We will redouble efforts to substantially reduce illicit financial flows by 2030, with a view to eventually eliminating them, including by combating tax evasion and corruption through strengthened national regulation and increased international cooperation. We will also reduce opportunities for tax avoidance, and consider inserting anti-abuse clauses in all tax treaties. We will enhance disclosure practices and transparency in both source and destination countries, including by seeking to ensure transparency in all financial transactions between Governments and companies to relevant tax authorities. We will make sure that all companies, including multinationals, pay taxes to the Governments of countries where economic activity occurs and value is created, in accordance with national and international laws and policies

(Page 13) 27. We commit to scaling up international tax cooperation. We encourage countries, in accordance with their national capacities and circumstances, to work together to strengthen transparency and adopt appropriate policies, including multinational enterprises reporting country-by-country to tax authorities where they operate; access to beneficial ownership information for competent authorities; and progressively advancing towards automatic exchange of tax information among tax authorities as appropriate, with assistance to developing countries, especially the least developed, as needed. Tax incentives can be an appropriate policy tool. However, to end harmful tax practices, countries can engage in voluntary discussions on tax incentives in regional and international forums.

(Page 45) 98. We affirm the importance of debt restructurings being timely, orderly, effective, fair and negotiated in good faith. We believe that a workout from a sovereign debt crisis should aim to restore public debt sustainability, while preserving access to financing resources under favourable conditions. We further acknowledge that successful debt restructurings enhance the ability of countries to achieve sustainable development and the sustainable development goals. We continue to be concerned with non-cooperative creditors who have demonstrated their ability to disrupt timely completion of the debt restructurings.

In no way does this cover the entire document. However, there are 3 themes which get repeated over and over again.

  1. Efficient tax collection
  2. Global tax regulations and data sharing
  3. “Sustainable” debt and borrowing

There is very little in this document, about actually improving lives, improving infrastructure, or improving the environment. Instead, it is all about implementing a global taxation system, while eliminating “off the books”, or illicit cash.

9. Global Tax Avoidance Measures

(Global tax avoidance measures)

Exchange of information for tax purposes
Exchange of information has long been included as a feature of tax treaty models. By agreeing to exchange information with respect to taxpayers, countries can become more aware of the global activities taxpayers are engaging in and impose tax that should be due.

The upcoming 2017 revision of the United Nations Model Double Taxation Convention between Developed and Developing countries is expected to bring a new revised version of the exchange of information provision, following the approval of the new United Nations Code of Conduct. The Committee agreed in 2016 to a proposal for a United Nations Code of Conduct on Cooperation in Combating International Tax Evasion. This Code supports the automatic exchange of information for tax purposes as the way forward for countries generally, but recognizes that it is vital for developing countries to exchange information, even if they are not ready for automatic exchange. The Code of Conduct has been approved by the Committee of Experts in 2016, and set automatic exchange of information as the new universal standard after ECOSOC adopted the Code of Conduct in a Resolution in 2017, during the ECOSOC Special Meeting on International Cooperation on Tax Matters. .Furthermore, the OECD model convention and commentaries is expected to broaden the scope of the exchange of information article to allow triangular, or multi-party exchange of information requests.

While this certainly sounds like some well meaning way to prevent money laundering and tax fraud, there is another angle to look at.

Having a global (or at least more centralized) database of people and their taxable income will allow for more efficient and effective tax collection. This is especially true whenever a new “development project” needs funding.

Furthermore, if there is such a global system, it will be easier to determine who isn’t paying “their fair share” when it comes to contributions. Those national governments can then act accordingly. Also, who doesn’t view this as becoming a global version of Revenue Canada, or the American IRS?

10. From Billions To Trillions (SF 2.0)

(Why stop at just billions?)

Achieving the Sustainable Development Goals (SDGs) will require an enormous increase in external financing flows to developing countries. Development Finance Institutions (DFIs) have gradually started to shift their business model towards de-risking services to crowd in long-term, low-risk private capital. However, the targeted scaling up of private investment from billions to trillions to realise the SDGs contains massive risks for stability. And good macro-policies are needed, in turn, to address such underlying risks. Countries that need the greatest amount of development finance are often those that have domestic financial resource constraints and underdeveloped markets. Financing their growth and investment opportunities makes the management of exchange rate risks, which are inherent in development finance, a critical challenge.

Merely supplying development finance is not enough. It needs to be done in socially and economically sustainable ways, where risks are allocated to those who can best manage and sustain them. Efficient use of limited public resources, through improved policies and regulatory processes, is required to achieve the SDGs and related efforts. Governments around the world must work together to offer feasible business opportunities to the private sector that are in line with domestic and international development objectives. Only with such coordinated action will we succeed in moving from billions to trillions to realise sustainable progress for all.

This article should serve as a warning to anyone who thinks that this global development system is going to be steady. Wrong. Once considered “fully operational”, the next step is to upscale it, and make it far bigger.

It is not governments who will be paying for these globalist schemes. It is the working class tax-payers who will see more and more of their wealth transferred to these projects.

Of course, once your money leaves Canadian soil, there is little to no accountability or control over what happens to it. But that it routinely downplayed.

11. What To Make From All This?

To state the obvious: these agendas and agreements are bringing nations towards a global taxation model. Countries (presumably under UN control) will be expected to share data on tax paying citizens and other people earning money. While this is touted as an anti-tax avoidance measure, the real goal is making sure the global order accounts for all money and where it goes.

Going towards a “cashless society” also helps in that regard. Hence the push for more and more electronic options, while making cash payments more difficult.

Beyond enforcement, knowing which nations have money and how much will make it easier to determine who shall pay how much as their “fair share” of future projects. We won’t have nations in the traditional sense, just shareholders.

International agreements like the Paris Accord have nothing to do with the environment. That is just the sales pitch. Instead, it an excuse to funnel huge sums of money to the UN to finance their business model. It is taking advantage of an altruistic goal.

This is about having a globalist, centralized economy and taxation. The environmental and humanitarian claims are just talking points.

(1) https://www.un.org/en/development/desa/policy/wess/wess_current/2012wess.pdf
(2) 2012.new.development.finance
(3) https://www.un.org/en/development/desa/policy/wess/wess_current/2012wesspr_en.pdf
(4) 2012, Call To Raise $400 Billion
(5) https://www.fsmgov.org/paris.pdf
(6) https://sustainabledevelopment.un.org/content/documents/2051AAAA_Outcome.pdf
(7) Addis Ababa Action Agenda
(8) https://iccwbo.org/publication/tax-united-nations-sustainable-development-goals/
(9) https://iccwbo.org/content/uploads/sites/3/2018/02/icc-position-paper-on-tax-and-the-un-sdgs.pdf
(10) http://unepinquiry.org/wp-content/uploads/2016/08/Green_Finance_for_Developing_Countries.pdf
(11) Green_Finance_for_Developing_Countries
(12) https://developmentfinance.un.org/international-efforts-combat-tax-avoidance-and-evasion
(13) https://www.un.org/en/africa/osaa/pdf/pubs/2017pensionfunds.pdf
(14) https://www.un.org/pga/72/wp-content/uploads/sites/51/2018/05/Financing-for-SDGs-29-May.pdf
(15) Financing-for-SDGs-29-May
(16) https://mnetax.com/un-releases-updated-model-tax-treaty-adding-new-technical-service-fees-article-27765
(17) “https://oecd-development-matters.org/2018/07/31/development-finance-2-0-from-billions-to-trillions/
(18) https://developmentfinance.un.org/sites/developmentfinance.un.org/files/FSDR2019_ChptII.pdf
(19) Financing for Sustainable Development 2019
(20) https://www.unepfi.org/about/
(21) https://www.uncdf.org/
(22) https://oim.unjspf.org/
(23) https://www.unfcu.org/home/
(24) https://uppitypeasants.home.blog/2019/08/10/fintech-for-sustainable-development-assessing-the-implications/
(25) https://canucklaw.ca/guest-post-sunrise-movement-and-the-green-new-deal/

The Trans-Pacific Partnership, Bill C-79

(Government link for TPP, now referred to as CPTPP)

(Canada’s Bill C-79, October 2018)

1. Offshoring, Globalization, Free Trade

The other posts on outsourcing/offshoring are available here. It focuses on the hidden costs and trade offs society as a whole has to make. Contrary to what many politicians and figures in the media claim, there are always costs to these kinds of agreement. These include: (a) job losses; (b) wages being driven down; (c) undercutting of local companies; (d) legal action by foreign entities; (e) industries being outsourced; and (f) losses to communities when major employers leave. Don’t believe the lies that these agreements are overwhelmingly beneficial to all.

2. Important Links

(1) ttps://www.parl.ca/LegisInfo/BillDetails.aspx?Language=E&billId=9970461&View=5
(2) https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/cptpp-ptpgp/index.aspx?lang=eng
(3) https://www.epi.org/publication/the-china-toll-deepens-growth-in-the-bilateral-trade-deficit-between-2001-and-2017-cost-3-4-million-u-s-jobs-with-losses-in-every-state-and-congressional-district/
(4) https://www.epi.org/publication/webfeatures_snapshots_archive_12102003/
(5) https://www.epi.org/blog/naftas-impact-workers/
(6) https://www.epi.org/publication/webfeatures_snapshots_archive_11052003/

Note: After the US withdrew from the agreement, it was renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

3. Trading Partner Brunei, Stoning Gays

On a side note, Brunei, a small nation governed by Islamic law, announced it would stone gays to death in accordance with religious law. It seems extremely hypocritical for the virtue-signaling Prime Minister Trudeau to have such a trading partner. However, under public pressure, Brunei has apparently backed down from the measure.

4. Portions Of Bill C-79

Causes of action under sections 9 to 13
.
8 (1) No person has any cause of action and no proceedings of any kind are to be taken, without the consent of the Attorney General of Canada, to enforce or determine any right or obligation that is claimed or arises solely under or by virtue of sections 9 to 13 or an order made under those sections.

Causes of action under Agreement
.
(2) No person has any cause of action and no proceedings of any kind are to be taken, without the consent of the Attorney General of Canada, to enforce or determine any right or obligation that is claimed or arises solely under or by virtue of the Agreement.
.
Exception
.
(3) Subsection (2) does not apply with respect to causes of action arising out of, and proceedings taken under, Section B of Chapter 9 or Article 11.‍22 of the TPP.

Right away is a red flag. If you are a private party, there may be instances where litigation is required to protect your interests (from unfair trade practices perhaps). However, the wording makes it clear that legal action is not possible here unless the Attorney General signs off on it.

As for the exceptions, Chapter 9, Section B refers to disputes among investors, and encourages the parties to resolve the problems themselves. Article 11.22 outlines dispute mechanisms for financial services.

Payment of expenditures
.
12 The Government of Canada is to pay its appropriate share of the aggregate of
(a) any expenditures incurred by or on behalf of the Commission,
(b) the general expenses incurred by the committees, working groups and other bodies established under the Agreement and the remuneration and expenses payable to representatives on the Commission and those committees and to members of those working groups and other bodies, and
(c) the expenses incurred by panels and arbitration tribunals established under the Agreement and the remuneration and expenses payable to the panellists on those panels, to arbitrators and to any experts retained by those panels or arbitration tribunals.

Not only will Canada be forced to pay its “share” for Commission expenses, but will in effect pay to set up an alternative quasi-judicial system. Not only will Canada have to pay for that, but legal and expert expenses, and any judgements awarded against.

Orders — Article 28.‍20 of TPP
.
13 (1) The Governor in Council may, for the purpose of suspending benefits in accordance with Article 28.‍20 of the TPP, by order, do any of the following:
(a) suspend rights or privileges granted by Canada to another party to the Agreement or to goods, service suppliers, investors or investments of investors of that party under the Agreement or any federal law;
(b) modify or suspend the application of any federal law, with respect to a party to the Agreement other than Canada or to goods, service suppliers, investors or investments of investors of that party;
(c) extend the application of any federal law to a party to the Agreement other than Canada or to goods, service suppliers, investors or investments of investors of that party; or
(d) take any other measure that the Governor in Council considers necessary.

The Governor in Council can apparently:

  • Suspend rights or privileges
  • modify or suspend application of Federal law
  • extend Federal law to others not previously included
  • Do anything else deemed necessary

Without clarification or at least guidance of the topic, this is extremely vague. Worse, is the Governor in Council can make these changes without requiring consent of the public.

Most of the rest of the Bill goes into detail about how tariffs on many different items will be reduced to zero.

However, like with most free trade agreements, Bill C-79 does not address an important topic: protection of jobs for people at home. That will be addressed later.

5. Sections Of CPTPP Text

While the agreement is very long, let’s look mainly at Article 9, as it has some of the more unsettling information in it. To be blunt, it removes nations’ abilities to protect their people from foreign competition. The downside to free trade.

Article 9.4: National Treatment
1. Each Party shall accord to investors of another Party treatment no less favourable than that it accords, in like circumstances, to its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments in its territory.
2. Each Party shall accord to covered investments treatment no less favourable than that it accords, in like circumstances, to investments in its territory of its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
3. For greater certainty, the treatment to be accorded by a Party under paragraphs 1 and 2 means, with respect to a regional level of government, treatment no less favourable than the most favourable treatment accorded, in like circumstances, by that regional level of government to investors, and to investments of investors, of the Party of which it forms a part.

This is basically the same language used in NAFTA, where no preference could be given to host countries. In short, it doesn’t matter if another party can outbid and outcompete you. Terms just as favourable must be given.

Article 9.5: Most-Favoured-Nation Treatment
1. Each Party shall accord to investors of another Party treatment no less favourable than that it accords, in like circumstances, to investors of any other Party or of any non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments in its territory.
2. Each Party shall accord to covered investments treatment no less favourable than that it accords, in like circumstances, to investments in its territory of investors of any other Party or of any non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
3. For greater certainty, the treatment referred to in this Article does not encompass international dispute resolution procedures or mechanisms, such as those included in Section B (Investor-State Dispute Settlement).

This is much the same idea. If you treat a non-party (someone outside the agreement) a certain way, then a party within the agreement must get at least the same, if not better, treatment.

A bit misleading is the use of the term investment. Most people think of stocks and bonds as investments. While true, this agreement considers basically anything to be an investment. Here is a quote from the definitions section of Article 9.

investment means every asset that an investor owns or controls, directly or indirectly, that has the characteristics of an investment, including such characteristics as the commitment of capital or other resources, the expectation of gain or profit, or the assumption of risk. Forms that an investment may take include:
(a) an enterprise;
(b) shares, stock and other forms of equity participation in an enterprise;
(c) bonds, debentures, other debt instruments and loans;
(d) futures, options and other derivatives;
(e) turnkey, construction, management, production, concession, revenue-sharing and other similar contracts;
(f) intellectual property rights;
(g) licences, authorisations, permits and similar rights conferred pursuant to the Party’s law; and
(h) other tangible or intangible, movable or immovable property, and related property rights, such as leases, mortgages, liens and pledges,

Beyond the traditional sense of investments there is more. Any business itself, business contracts, property, or tangible or intangible items are also considered investments.

And what about countries wanting to nationalise (take public ownership), of their “investments”? Remember, under the definition provided, an investment is pretty much anything.

Article 9.8: Expropriation and Compensation
1. No Party shall expropriate or nationalise a covered investment either directly or indirectly through measures equivalent to expropriation or nationalisation (expropriation), except:
(a) for a public purpose
(b) in a non-discriminatory manner;
(c) on payment of prompt, adequate and effective compensation in accordance with paragraphs 2, 3 and 4; and
(d) in accordance with due process of law.
2. Compensation shall:
(a) be paid without delay;
(b) be equivalent to the fair market value of the expropriated investment immediately before the expropriation took place (the date of expropriation);
(c) not reflect any change in value occurring because the intended expropriation had become known earlier; and
(d) be fully realisable and freely transferable.
3. If the fair market value is denominated in a freely usable currency, the compensation paid shall be no less than the fair market value on the date of expropriation, plus interest at a commercially reasonable rate for that currency, accrued from the date of expropriation until the date of payment.
4. If the fair market value is denominated in a currency that is not freely usable, the compensation paid, converted into the currency of payment at the market rate of exchange prevailing on the date of payment, shall be no less than:
(a) the fair market value on the date of expropriation, converted into a freely usable currency at the market rate of exchange prevailing on that date; plus
(b) interest, at a commercially reasonable rate for that freely usable currency, accrued from the date of expropriation until the date of payment.

This actually does make some sense, as it provides some protections to companies and insures that their property won’t just be converted into the government’s.

However, the wording is such that any legitimate measures a nation might make to go about its business might be construed as “expropriating” or as “nationalising”. The language seems worded poorly on purpose.

And it doesn’t mention that nations have legitimate interests in protecting the jobs of its people, and the local economy. Governments are supposed to protect their people first and foremost.

Article 9.9: Transfers
1. Each Party shall permit all transfers relating to a covered investment to be made freely and without delay into and out of its territory. Such transfers include:
(a) contributions to capital;
(b) profits, dividends, interest, capital gains, royalty payments, management fees, technical assistance fees and other fees;
(c) proceeds from the sale of all or any part of the covered investment or from
the partial or complete liquidation of the covered investment
;
(d) payments made under a contract, including a loan agreement;
(e) payments made pursuant to Article 9.7 (Treatment in Case of Armed Conflict or Civil Strife) and Article 9.8 (Expropriation and Compensation); and
(f) payments arising out of a dispute.

Pull the covered investments freely and without delay? Again, almost anything is an investment under this agreement. This actually has the potential to do serious harm. Businesses wishing to leave could pull all of their “investments” and drain the country of its wealth quite quickly.

Article 9.11: Senior Management and Boards of Directors
1. No Party shall require that an enterprise of that Party that is a covered investment appoint to a senior management position a natural person of any particular nationality.
2. A Party may require that a majority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be of a particular nationality or resident in the territory of the Party, provided that the requirement does not materially impair the ability of the investor to exercise control over its investment.

This ignores a basic reality. People are loyal first and foremost to their homes and their tribes. Do people want a bunch of foreigners, with in-group preference for their homelands to be controlling so much? Probably not, but free trade deals do not deal with nations, but “economic zones”.

Inserting a condition that it not “materially impair” is vague and open to interpretation. As such, it seems almost worthless.

Article 9 is the most troubling in the agreement. But it is worth addressing one point in Article 28, which covers dispute resolution.

Article 28.4: Choice of Forum
1. If a dispute regarding any matter arises under this Agreement and under another international trade agreement to which the disputing Parties are party, including the WTO Agreement, the complaining Party may select the forum in which to settle the dispute.
2. Once a complaining Party has requested the establishment of, or referred a matter to, a panel or other tribunal under an agreement referred to in paragraph 1, the forum selected shall be used to the exclusion of other fora.

An interesting detail, parties filing complaints can shop around. There is no fixed place to do so. While this sounds fine on the surface, such could be open to gaming the system.

6. Potential For Huge Job Losses

Companies close down and new ones start up. That is normal in a capitalist society. However, free trade deals in general pose a complication. When it becomes more advantageous (ie “cheaper”) to produce a good in another country, there is always a risk. What will stop a company from closing down, laying off all its staff, and relocating in the foreign nation? Legally, nothing, at least in many cases.

The previous pieces on NAFTA addressed some on the downsides to free trade deals. The CPTPP would likely cause the same sorts of issues.

Let’s use the United States as an example. It lost 3.4 million jobs to China between 2001 and 2017 due to “liberalized trade”. Further, another 879,000 jobs have been lost as a direct result of NAFTA.

Beyond the direct job losses, trade deals have the effect of driving down wages. This is especially true for manufacturing jobs, which are traditionally well paid. The reason is leverage. If a company can threaten to relocate in order to pay its (new) workers much less, then current employees can be forced to accept significantly less compensation. One reason tariffs are applied to goods is to counter the vast discrepancies that can exist between nations.

In very lopsided trading arrangements, the benefits are not equal. Again, referring to the US, trade deficits can balloon very quickly. While some surplus or deficit is inevitable, the trading relations cannot continue unless the parties benefit fairly equally. Large trade deficits drain wealth from a nation. This is money being taken out of the country and not being spent on people here.

The CPTPP addresses NONE of these issues. Is this a form of protectionism? Yes, and there’s nothing wrong with that.

7. Conclusions Regarding C-79 & CPTPP

NAFTA was tricky enough, even with just 3 nations, all on one continent. CPTPP has more, and it covers a much larger geographic area. The wealth discrepancies are even larger.

While this is touted as an economy growth tool, the CPTPP doesn’t indicate at all how the citizens will benefit. Under the “National Treatment” provisions, foreigners must be given the same considerations as locals. If it becomes more economical to lay off people and move assets, then it’s done. There can be no protection for locals, which is what a government should be doing.

Free trade agreements tend to create a “race to the bottom”. If it becomes more profitable to ship work and jobs to another country, it is done. Locals will have to accept far less in order to compete, driving down their standards of living.

Communities benefit when there is work and wealth. Exporting it for overall economic growth is cold, and reduces people to mere cogs in a machine.

Difficult to see how average people will benefit from CPTPP.

CCS #16: Dr. Shiva Ayyadurai On How The Carbon Tax Works

(Shiva Ayyadurai, Republican and former Senate Candidate explains how the Carbon tax work.)

(Alternative explanation: Cosmic rays and the sun contribute far greater to climate change than does Carbon Dioxide)

(“Conservative” Garnett Genuis defends Paris Accord)

(UN Green Climate Fund)

(Getting rich off Carbon credits)

The first video explains plainly in the first video how the UN IPCC system works. It is all about generating revenue in order to use in creating climate bonds. The money is acquired through underhanded and deceptive means.

The second video offers a much more plausible explanation for variations in temperature: Cosmic rays and the sun. This half hour video gets into it.

Although Dr. Ayyadurai explains this from an American perspective, the issues are much the same in Canada. As such, it is very related to our situation.

It’s a shame that he ended up losing to Elizabeth Warren in the Senate race. Dr. Ayyadurai would have made a fine Senator. But Pocahontis (or Faux-cahontis) has name recognition and is able to run on that alone.

1. Debunking The Climate Change Scam

CLICK HERE, for #1: major lies that the climate frauds tell.
CLICK HERE, for #2: review of the Paris Accord.
CLICK HERE, for #3: Bill C-97, the GHG Pollution Pricing Act.
CLICK HERE, for #4: in 3-2 decision, Sask. COA allows carbon tax.
CLICK HERE, for #5: controlled opposition to carbon tax.
CLICK HERE, for #6: controlled opposition Cons ==> Supreme Court.
CLICK HERE, for #7: climate bonds pitched as $100T industry.
CLICK HERE, for #8: Joel Wood pitching various pricing options.
CLICK HERE, for #9: Mark Carney and UN climate finance.
CLICK HERE, for #10: Goldman Sachs, Obama, Clinton, Chicago CX.
CLICK HERE, for #11: Coronavirus, Pirbright Inst, Gates, Depopulation.
CLICK HERE, for #12: AOC and the “Green New Deal”.
CLICK HERE, for #13: UN seeks new development financing.
CLICK HERE, for #14: New Development Fund, bait-and-switch.
CLICK HERE, for #15: UN exploring global taxation ideas.

CLICK HERE, for BOLD Like A Leopard Guest Posting.

2. Important Links

CLICK HERE, for the Paris Accord, full text.
CLICK HERE, for the UN Green Climate Fund.
CLICK HERE, for WEF explaining carbon credits and trading.
CLICK HERE, for a Forbes article explaining the carbon credit scheme..

3. Dr. Ayyadurai Video In Point Form

 

  1. (Pre-Carbon tax) Products are made
  2. (Post-Carbon tax) Products are still made. Now taxes charged.
  3. Carbon taxes are paid to UN IPCC, others
  4. UN IPCC issues “Carbon credits”. In essence, this is permission to “pollute”. Never mind that Carbon Dioxide isn’t pollution, but a natural byproduct of combustion, or even breathing. But anyway….
  5. So called “Carbon credits” actually go into the bond market, and allow the UN (and approved others) to use it as an investment vehicle. This is a trillion dollar industry.
  6. Former U.S. Vice President Al Gore once monopolized the market.
  7. UN IPCC used their PR branch (or propaganda arm) to pressure the US into playing ball with the Paris Accord, despite the obvious fraud.
  8. US pressured to create $100B “Green Fund”
  9. “Green Fund” used to bribe 190 other nations into joining Paris Accord, and thus legitimizing the UN scam. Odd wording here
  10. Advisors and NGOs who used US Green Fund money to influence joining of Paris Accord ended up enriching themselves in the process
  11. Scientists “alter” findings to make situation seem worse.
  12. Developing countries allowed to make situation worse. As an example, China puts out 11B tons/year now, and will be able to emit 22B tons in 2030.
  13. After 2030, China will be able to buy “Carbon credits”.
  14. UN paid “influencers” convince their nations to join Paris Accord
  15. Paying $100B to the influencers is pocket change, as the Carbon credit commodities market will generate trillions in the end. A great investment.
  16. This is really about virtue signalling.
  17. Environmental data manipulated to generate support.
  18. No conclusive evidence of temperature rise.
  19. 1st world nations will pay more for everything.
  20. 3rd world will (for years) be exempt.
  21. UN IPCC and allies are only ones who will benefit.
  22. Trump made right decision to pull out of Paris Accord.

Just 12 minutes in this video and Dr. Shiva Ayyadurai completely and thoroughly explained it. These Carbon taxes would end up in the UN, and go into the commodities market, generating trillions of dollars in revenue. The “Green Fund” is just a fund to bribe corrupt officials into playing along. And none of this would do anything to cut pollution.

One small criticism: it would have been nice to point out that Carbon Dioxide is not pollution. It is a naturally occurring compound. If it was reduced to zero, life would stop altogether.

However, in the other video provided, a sound and plausible explanation is offered. It is cosmic rays and solar activity that leads to significant variations in temperatures.

4. The Paris Accord: Articles 2, 4, 9

(Article 2)

1. This Agreement, in enhancing the implementation of the Convention, including its objective, aims to strengthen the global response to the threat of climate change, in the context of sustainable development and efforts to eradicate poverty, including by:

(c) Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.

(Article 4)

3. Each Party’s successive nationally determined contribution will represent a progression beyond the Party’s then current nationally determined contribution and reflect its highest possible ambition, reflecting its common but differentiated responsibilities and respective capabilities, in the light of different national circumstances.

4. Developed country Parties should continue taking the lead by undertaking economy-wide absolute emission reduction targets. Developing country Parties should continue enhancing their mitigation efforts, and are encouraged to move over time towards economy-wide emission reduction or limitation targets in the light of different national circumstances.

5. Support shall be provided to developing country Parties for the implementation of this Article, in accordance with Articles 9, 10 and 11, recognizing that enhanced support for developing country Parties will allow for higher ambition in their actions.

6. The least developed countries and small island developing States may prepare and communicate strategies, plans and actions for low greenhouse gas emissions development reflecting their special circumstances.

(Article 9)

1. Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention.

2. Other Parties are encouraged to provide or continue to provide such support voluntarily.

3. As part of a global effort, developed country Parties should continue to take the lead in mobilizing climate finance from a wide variety of sources, instruments and channels, noting the significant role of public funds, through a variety of actions, including supporting country-driven strategies, and taking into account the needs and priorities of developing country Parties. Such mobilization of climate finance should represent a progression beyond previous efforts.

4. The provision of scaled-up financial resources should aim to achieve a balance between adaptation and mitigation, taking into account country-driven strategies, and the priorities and needs of developing country Parties, especially those that are particularly vulnerable to the adverse effects of climate change and have significant capacity constraints, such as the least developed countries and small island developing States, considering the need for public and grant-based resources for adaptation.

5. Developed country Parties shall biennially communicate indicative quantitative and qualitative information related to paragraphs 1 and 3 of this Article, as applicable, including, as available, projected levels of public financial resources to be provided to developing country Parties. Other Parties providing resources are encouraged to communicate biennially such information on a voluntary basis.

6. The global stock take referred to in Article 14 shall take into account the relevant information provided by developed country Parties and/or Agreement bodies on efforts related to climate finance.

7. Developed country Parties shall provide transparent and consistent information on support for developing country Parties provided and mobilized through public interventions biennially in accordance with the modalities, procedures and guidelines to be adopted by the Conference of the Parties serving as the meeting of the Parties to this Agreement, at its first session, as stipulated in Article 13, paragraph 13. Other Parties are encouraged to do so.

8. The Financial Mechanism of the Convention, including its operating entities, shall serve as the financial mechanism of this Agreement.

9. The institutions serving this Agreement, including the operating entities of the Financial Mechanism of the Convention, shall aim to ensure efficient access to financial resources through simplified approval procedures and enhanced readiness support for developing country Parties, in particular for the least developed countries and small island developing States, in the context of their national climate strategies and plans.

These are quotes directly from the Paris Accord. In particular, Article 9 makes it abundantly clear that this is all about “financial flow” and a transfer of wealth from the developed world to the developing world.

Actual environmental changes seem almost to be an afterthought. This is a giant wealth transfer scheme.

5. The Green Climate Fund

The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.

It was set up by the 194 countries who are parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism. It aims to deliver equal amounts of funding to mitigation and adaptation, while being guided by the Convention’s principles and provisions.

When the Paris Agreement was reached in 2015, the Green Climate Fund was given an important role in serving the agreement and supporting the goal of keeping climate change well below 2 degrees Celsius.

Responding to the climate challenge requires collective action from all countries, including by both public and private sectors. Among these concerted efforts, advanced economies have agreed to jointly mobilize significant financial resources. Coming from a variety of sources, these resources address the pressing mitigation and adaptation needs of developing countries.

GCF launched its initial resource mobilization in 2014, and rapidly gathered pledges worth USD 10.3 billion. These funds come mainly from developed countries, but also from some developing countries, regions, and one city (Paris).

GCF’s activities are aligned with the priorities of developing countries through the principle of country ownership, and the Fund has established a direct access modality so that national and sub-national organisations can receive funding directly, rather than only via international intermediaries.

Source is right here.

To reiterate from before: the Paris Agreement isn’t really about reducing greenhouse gases. It is a way of extracting large sums of money from “polluters” in order to finance the UN’s various agendas.

While the website sounds well meaning enough, an important detail is left out: namely the huge profit that will be derived from using these funds. As such, the conflict of interest isn’t being disclosed.

6. A $100 Trillion Industry

This was addressed in a previous article. While the public is roped into supporting the agenda on humanitarian and compassionate grounds, the truth is quite different.

Climate bonds is an industry. It’s an industry that has potential for explosive growth, as long as governments keep pouring money into it.

The climate change agenda has nothing to do with protecting the environment. It is all about the “illusion” of protecting the environment. And money.

7. Carbon Credit Profiteering

Gore and Blood, the former chief of Goldman Sachs Asset Management (GSAM), co-founded London-based GIM in 2004. Between 2008 and 2011 the company had raised profits of nearly $218 million from institutions and wealthy investors. By 2008 Gore was able to put $35 million into hedge funds and private partnerships through the Capricorn Investment Group, a Palo Alto company founded by his Canadian billionaire buddy Jeffrey Skoll, the first president of EBay Inc. It was Skoll’s Participant Media that produced Gore’s feverishly frightening 2006 horror film, “An Inconvenient Truth”.

Still, the U.S. Government Accounting Office can’t figure out what benefits taxpayers are getting from those many billions of dollars spent each year on policies that are purportedly aimed at addressing climate change. A May 2011 GAO report noted that while annual federal funding for such activities has been increasing substantially, there is a lack of shared understanding of strategic priorities among the various responsible agency officials. This assessment agrees with the conclusions of a 2008 Congressional Research Service analysis which found no “overarching policy goal for climate change that guides the programs funded or the priorities among programs.

As noted in the Forbes article, Al Gore has been able to become extremely wealthy with this scheme. Huge sums of money are taken as “Carbon taxes” and then plowed into the climate bonds industry.

While this hunger for Carbon taxes is spun as necessary for the planet, too little attention is paid to the profiteering that goes on behind it. It is difficult to take these pleas seriously when there is such a compelling profit motive.

And as the Government has noted, it’s very unclear what — if anything — taxpayers are actually getting in return for their money. It also isn’t obvious what goals or direction these programs are actually working towards.

The answer is very simple: the people running the scam want it to stay operational as long as possible. The goal is money, not ideology.

This is just one article. A quick internet search will reveal more details and examples of cashing in on this “environmental” agenda.

Either we tax countries for continuing to “pollute”, or we force them to shut down significant parts of their economy. Since the latter can’t happen without dropping the standard of living, it becomes necessary to pay up.

It’s like the mafia, except disguised as environmentalism.

8. Various UN Taxation Schemes

(A) New Development Financing: Carbon Tax Alone Could Generate $250/year, 2012
(B) UN: “Int’l Tax” To Raise $400B, 2012
(C) Paris Accord “Financial Flows”, 2015
(D) Addis Ababa, Financing Devel’t, 2015
(E) Green Financing, Sust Develop, 2016
(F) Leverage African Pension Plans, 2017
(G) Finance 2030 SDG, $5-7T Needed, 2018
(H) From Billions To Trillions, 2018
(I) Sustainable Financing Report, 2019
(J) UN Enviro Program, Finance Initiative
(K) Capital Development Finance

A few of these have been addressed in other articles. Please visit the “Climate Change Scam” section on the righthand toolbar.

This should alarm people. The UN is regularly coming up with new and innovative taxation methods. This is only a handful of them.

The Paris Accord is hardly an isolated cause.

9. Closing Thoughts On Subject

Dr. Shiva Ayyadurai is right regarding his explanation of the Paris Accord. It is an elaborate scam. While billions are pumped into climate funds, that is not the whole story. Those billions are then used to entice other nations to join the Paris Accord, thus giving it more legitimacy. The final goal is the trillions that can be gained later.

Furthermore, his explanation that cosmic radiation and solar activity play a greater role in fluctuating temperatures seems to make sense.

The Paris Accord has nothing to do with improving the environment either. All of its “mitigation” strategies are just talk. The Agreement is about generating large transfers of wealth on a continuous basis. Read the Agreement, in particular Article #9. The text leaves no doubt that money is the driving force behind it.

Climate bonds, and related “investments” are a huge industry, worth perhaps $100 trillion. This is the reason behind it all. So much opportunity. But the Carbon taxes (and other related fees), are entirely based on false pretenses.

The real losers are consumers and taxpayers, particularly from the developed world. These Carbon taxes (or “price on pollution” as claimed in Canada) will be used to funding for the UN IPCC and select allies to enrich themselves.