(Natural News) One of the greatest scams of the 21st century started with former vice president Al Gore, who influentially introduced the concept of “global warming” to the world. Now, the truth about Gore’s “global warming” scam is documented in a new book by Marc Morano, titled, The Politically Incorrect Guide to Climate Change, available at Barnes and Noble.
At the turn of the century, Al Gore’s assets totaled between $780,000 and $1.9 million. After years of scaring the public with “threat of global warming” and convincing legislators to invest taxpayer money into climate change initiatives, Gore’s wealth multiplied. By 2007, Gore’s net worth was “well in excess” of $100 million. Gore had successfully used a climate panic to sway the government to invest in the economic sectors he was poised and ready to profit from. Under the Obama administration, taxpayer money flooded Gore’s investments, with energy stimulus packages awarding Gore’s tremendous hoodwink on the public.
Al Gore, the world’s first “carbon billionaire”
MIT scientist Richard Lindzen called Gore out for wanting to become the first “carbon billionaire.” By 2008, Gore put $300 million into a campaign to promote climate fears while offering carbon reduction solutions that benefited the firms he was invested in. In fact, when the Obama Administration introduced a “renewable energy” solution for the economy, fourteen of the tech firms Gore was invested in had received and/or benefited from over $2.5 billion in loans, grants, and tax breaks. Indeed, Gore had become the first “carbon billionaire.”
Congressman Fred Upton from Michigan called out Gore for using his circle of influence within the investment world and in Washington to profit off taxpayer funds. “Global warming” had done nothing but make Al Gore and his friends rich, while siphoning off billions of dollars from the taxpayers of the U.S. (For more on this topic, visit ClimateScienceNews.com.)
(Natural News) The collapse of cryptocurrency is continuing apace, and yet there are still far too many people who continue to believe it really has a future. In recent days the U.S. Securities and Exchange Commission made a major move against cryptocurrency firms, issuing dozens of subpoenas — perhaps topping 100, some groups estimate — to companies that either conducted or advised on initial coin offerings, or ICOs, according to Simon Black for Sovereign Man.He added that readers of his are not surprised by that because, as he’s “long warned,” the ICO market is a scam and one of the largest bubbles he has ever seen.
He notes further:
A lot of people view ICOs as an asset class like stocks, bonds or real estate. But that couldn’t be further from the truth.
Initial coin offerings are simply a funding scheme.Companies looking to raise money will post a white paper on a website, post some pictures of their “C-suite executives,” and set up a Twitter account… that’s basically it.
The goal is to raise funds by issuing “tokens.” These tokens typically serve as pre-paid credits that can be used within the ecosystem of the company raising the funds. In other words, you’re not actually getting equity in the company… you’re buying a gift card.
“Think of it like the in-game credits you would buy (with real money) to get ahead in the old Facebook game Farmville. Outside of Farmville, those credits are worthless,” he added.
Black said that in the ICO markets investors are expected to pony up with almost no information and obvious, inherent risks to buying a prepaid service, often without fully evaluating whether there exists a legitimate secondary market for the purchased tokens.