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Have no fellowship with the unfruitful works of darkness, but rather reprove them - Ephesians 5-11
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Showing posts with label green energy scam of agenda 21. Show all posts
Showing posts with label green energy scam of agenda 21. Show all posts
That's one way to shove a programming agenda deep in your subconscious and earn some illicit coin while in the process.
Global Warming or whatever it is they are calling it this week has been well-proven in this site for the total mind control scam that it is. It's about Agenda 21/30. If you don't know what that is, then how can you possibly understand what is going on around you?
Any establishment that does this, either by choice or force, loses my business. Bet they don't announce the fee, it just appears there as some kind of service charge.
DB
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As
the state with one of the highest costs of living, largely due to its
'green' regulations on vehicle emissions and other initiatives that have
earned it the nickname 'taxifornia', the last thing most Californians
want to do is pay even more in unnecessary surcharges, fees and taxes.
Yet that's exactly what one militant climate-change advocacy group is asking them to do.
According to CBS Sacramento,
a group called the Perennial Farming Initiative is asking restaurateurs
to sign up for passing an "optional" 1% surcharge along to their
patrons. The money will be funneled to the California Air Resource
Board, and spent on plans to implement "carbon plans on farms and
ranches."
The plan, called the Restore California Renewable Restaurants,
ultimately aims to take carbon emissions out of the air and transplant
them into the soil, where they can help plants grow.
But unsurprisingly, people in liberal-leaning Sacramento appeared to be split on the plan.
"There’s always going to be the people who say, why is this on the bill? I don’t want to pay it. I don’t care what it’s for. I don’t want to pay it," Christopher Barnum-Dann, the owner of Localis, said.
Though the group argued that the 1% surcharge would be insignificant
to most people, and diners relying on a fixed income can avoid it by
simply preparing their meals at home.
"We’re not asking our fixed-income people to pay that on their
property tax. We’re asking that of someone who had made a choice to go
out and spend money," another resident, John Peters, said.
Also, because the program is intended to be 'optional', diners who
don't want to contribute to saving the environment can simply ask the
have it taken off the bill (that is, if they even notice it's there).
Still, for all the talk about how the 1% charge is 'insignificant', one resident pointed out that California is already 'pretty freaking expensive', and
that asking people to keep paying new fees and surcharges in a state
with one of the highest tax burdens in the country is tantamount to
asking them to spend money that they don't have.
"Well I live in California and I don’t know if you know this or not it’s pretty freaking expensive here. One
percent to somebody who doesn’t make that much money ain’t a lot but
it’s a lot more than they have," resident Mike Mattingly said.
Undeterred by these complaints, the campaign's organizers are
pressing ahead: They hope to have 200 restaurants signed up by the end
of the year. Ultimately, one organizer said that if they can get 40,000
of the state's nearly 90,000 restaurants to sign up, they'd be pulling
in "a decent chunk of money".
The
Tesla chart: government subsidized technology is developed and musk
cashed in. Then cashed out. Then left stock holders holding the bag.
It's like the Simpsons monorail episode.
In light of Tesla's earnings miss and Musk's admission of
the firm's cash crunch just a month after Tesla announced it would bail
out its weaker cousin, Solar City, We ask you: how can a visionary such
as he not see 30 days down the road?
Tesla Misses, Burns Nearly Half A Billion, Warns It Has Hit "Funding Limit" With A Bank-ZH.
Here is a repost from our observations just 3 weeks ago on the likelihood of fraud at Tesla and Musk's other companies.
Summary
Businesses cannot stand on their own
feet without some form of Government aid. Whether that be in QE form or
direct subisidies, the marketplace is no longer a "Free Market". Tesla
and its dependents are an example of what is wrong with our capital
market system. Elon Musk is using the Government as
a backstop for his businesses. He is depending on easy money to support
companies that would otherwise fail from debt. In short, the business
structure of Tesla, SolarCity and SpaceX is a microcosm of the problem
with our current capital markets. - By Soren K. with contributions by Doug and Dinsdale
Piranha and the CFO of a prominent hedge fund that has no position in
the stock. The Business of Crony Capitalism Overview
Elon Musk has controlling stakes in 3 companies: Tesla, SolarCity,
and SpaceX. Tesla and SolarCity are publicly traded. SpaceX is not
publicly traded. This document's focus will be soley on the financial
interdependencies of the companies. There are also incestuous business
practices, and nepotism within the leadership of each company Musk
controls.
We hope to illustrate simply and clearly the immense risk the US
government has taken with your money by giving it to a man who is
essentially telling them what they want to hear while picking their
pockets doing it.
Background Tesla borrowed Venture Capital (VC) money from Elon Musk at VC rates. It borrowed VC money from taxpayers at non-VC rates
Tesla needed $500MM to get started in 2008. The US Government lent
$465MM to Tesla at 3% interest under its push for Green Energy. Elon
Musk lent the company $38MM at10% interest plus stock options. Here are
the profits on those loans:
Elon Musk’s $38MM generates profit of $1.4BB, or 3,600% ROR- a VC payout
Taxpayers’ $465MM- generates profits of $12MM or 2.6%ROR- not a VC Payout
Taxpayers took VC risk without VC returns. The table is set
for Elon to arbitrage the Government’s largesse much more. All in, the
US Government committed about $4.9BB to finance Tesla’s operations
Musk Gets More Government Money Using Government loans, Elon Musk creates 2 more companies;
SolarCity and SpaceX. He now controls three government sponsored clean
energy companies financed by taxpayer money. The Companies Tesla- makes electrical cars, develops technology for same. Loses money hoping for future profits
Loans money to SolarCity via its own stock
Borrowed $465MM from Gov’t at 3% and $38MM from Elon Musk at 10% plus stock options
Does not make money
SolarCity- makes and leases solar panels to homeowners. Loses money hoping for a back-end profit
Borrows money from Tesla
Borrows Money from SpaceX
Does not make money
SpaceX- will provide future service related to satellite launches. It makes money via prepaying customers
Loans money to SolarCity at approx. 10%
Borrows Money from Government at approx. 4%
Makes money
Elon Musk now has 2 companies that do not make money. He has
1 that makes money from prepayments for services yet to be given. All
are financed by the US taxpayer at ridiculously below market rates. The
table is now set for financing using inflated currency (sound familiar?)
in the form of Tesla stock to get real cash in Mr. Musk's pockets.
The SolarCity Problem Despite gov’t subsidies SolarCity still needs money to operate.
SpaceX, while not profitable, has cash on hand form prepayments and
Gov’t subsidies. Tesla, also not profitable, has no cash, but has highly
(over)valued stock it can use as currency or loans for cash. Elon Musk
owns major stakes in all 3 companies.
SolarCity borrows $165MM from SpaceX at market rates of about 4.4%
SpaceX uses govt loans (2.0%?) to lend $165MM SolarCity
SolarCity borrows another $90MM from SpaceX to avoid defaulting on first SpaceX loan
Yet SolarCity is still in trouble. It needs cash. Government
subsidies are on hold. Its stock price is sinking and it is in danger
of defaulting on existing loans. Enter Tesla and Elon Musk
Tesla and Musk Bail Out SolarCity
Elon Musk and Tesla loan stock to SolarCity. SolarCity margins that
stock for cash so they can make their loan payments to SpaceX.
Elon Musk used money loaned to him at 2.6% to generate 3,600% from Tesla stock sales
SolarCity was failing. If It failed, it likely would take SpaceX with it.
Elon Musk and Tesla used his govt sponsored inflated currency (Tesla stock) to prop up a failing SolarCity.
Not Enough
But that was not enough money. Tesla then makes a bid outright to buy
all of SolarCity at above market valuations using Tesla stock. This
essentially ensures a payout to himself and his partners at SolarCity
while eliminating the SpaceX debt. Now it all depends on the price of
Tesla stock. And Tesla has been punished by the market since the
announcement.
Finally there is the loaned stock by Elon Musk to SolarCity. If Tesla
drops enough for amargin call, it is all over in our opinion. what we
have not covered includes the valuation offerred to buy SolarCity.
Public shareholders of Tesla should be incensed atthe price being paid
for SolarCity. Meanwhile, much of SolarCity's stock is still in the
hands of Musk and family members. If Tesla stock drops enough, it could take out potentially all 3
companies. Essentialy Musk is at the center of an American Keiretsu.
Conclusion
The interdependent relationships between the 3 government subsidized
companies Elon Musk owns or has a controlling stake in are an abuse
ofgovernment largesse towards Green Energy. Taxpayer money is being used
at market risk without market returns to prop up 3 unprofitable
companies. While we do not debate the technology Tesla
has developed, we question the leverage with which these companies are
able to operate under. If something were to go wrong, we feel an
eventual Solyndra Greenmail situation would occur. Tesla would be TBTF
to the Government and have to pay. We feel Elon Musk knows this and is
will play that card if need be.
Not Discussed: Business practices, Neoptism, valuations used for
buyouts and other in depth proofs of what we are merely glossing over
for now. In a Graph Here is a simple flowchart of the cash-flow situation between the
3 companies and the Goverment. None of these companies make money. Only
SpaceX has positive cash flow from prepaid "orders". The"currency that
supports it all is the Tesla's stock Price
