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We're in a CarbFix now
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It’s likely that you have never heard of what could be the next mega-business, but there’s a good chance you soon will.
CarbFix is the name of a firm that could eventually rival China for America’s debt, if some advocates have their way.
And just in case you aren’t clear, that debt has your address on its mailing label.
CarbFix is a corporation that is preparing to try a new industry that is aimed as “solving” global warming by injecting huge amounts of seltzer into porous rock, and thereby trapping carbon dioxide as rock.
“Chemically disposing of CO2, the chief greenhouse gas blamed for global warming, is a kind of 21st-century alchemy that researchers and governments have hoped for to slow or halt climate change.
“The American and Icelandic designers of the CarbFix experiment will be capitalizing on a feature of the basalt rock underpinning 90 percent of Iceland: It is a highly reactive material that will combine its calcium with a carbon dioxide solution to form limestone — permanent, harmless limestone.
“The researchers caution that their upcoming 6-to-12-month test could fall short of expectations, and warn against looking for a climate ‘fix’ from CarbFix any year soon,” according to an Associated Press report.
The issue here is certainly not whether there is a problem or not. The issue is not even whether CarbFix and its developers deserve to lead a new generation of worldly wealthy industrialists.
But the issue IS that what is being established is another program that is clearly going to be incredibly expensive. And just as was the case in 1999, the bill will be dropped in your mailbox.
You remember 1999 when we were assured that unless the government spent billions of dollars all over our appliances and cars and TVs and telephones and emergency room medical equipment — you get the picture — would just shut off because of Y2K.
Then New Year’s Day 2000 came and went and nothing happened.
The money had all been spent. Taxpayers got the bill. A new industry had been created. Taxpayers got the bill for that, too.
What we did NOT get was a refund.
The real issue in this entire situation is the realization that government does not make money. Taxpayers make money. They just get to keep less and less of it every time a new taxpayer-funded industry is embraced by the world government.
This is yet another example of a huge bill that will come down with absolutely no opportunity for us to do anything but pay it, leaving less for us.
We were told to expect to pay a lot more for energy. Apparently, we were told right.
— Chuck Smith