Friday, August 20, 2010

You Just Had To Know It. Goldman Sachs Is Behind The Government's Big Nuclear Energy Push.

What is a financial firm doing delivering uranium? I'll tell you what they are doing. They are inserting themselves into the supply chain for commodities to tax consumption and to manipulate prices. It is a massive and unnecessary tax on society. The commodities corruption is one of the most underreported problems in the U.S. today. Something we have been writing about since starting this blog. Something that never seems to gain any traction.

We should ban financial firms from any involvement in the commodities business without exception. That includes their ability to offer hedging services to nonfinancial firms. Additionally, we don't need nuclear energy. The industry has a dubious safety record and the unintended consequences and risks cannot be quantified. There is no other energy source in the world where, if there is a human-initiated disaster, and there always will be in any endeavor, the outcome could be millions of deaths and an area the size of a state that is unproductive for thousands of years. If nuclear energy is going to be a party of our future, it should be after we have developed future generations of the technology. This effort is currently in process within U.S. government labs.

Title link also here.
posted by TimingLogic at 12:31 PM