Instead they gave the Nobel Peace Prize to Al Gore for a slideshow on global warming

Discussion in 'Politics' started by gwb-trading, Dec 22, 2013.

  1. gwb-trading

    gwb-trading

    This is the lady who should have gotten the Nobel Prize Prize...

    [​IMG]

    ...instead they gave the Nobel Peace Prize to Al Gore for a slideshow on global warming.
     
  2. Al Gore sucks. He should never have stolen it from that nice old lady. Now I REALLY hate him.








    LOL gwb, you're such a deluded douche bag. It's actually kind of funny, the level of ignorance and delusion you exhibit. But you're just being a good Republican. You can't help it.
     
  3. gwb-trading

    gwb-trading

    FC... you are so amusing. The facts never seem to alter your opinion.

    The idea that the Noble Peace Prize was given to some someone who fabricated propaganda to further his own hedge fund business interests doesn't seem to phase you. Shouldn't the first criteria for the awarding of a Noble Peace Prize be that you solely are doing the activity for the benefit of mankind and don't have a vested monetary interest in the activity.
     
  4. So let's see. He has lots of money and he has a cause. A very important cause. He puts his money to work in the area. Gee, what a terrible guy.


    He didn't fabricate anything in any substantial way. The hockey stick is correct. CO2 is a greenhouse gas. Man has increased it by 40% (BTW, are you ever going to uphold your end of the bargain and answer). The earth is rapidly warming due to it. Simple. Only a moron Republican pawn for the Koch bros would deny it.
     
  5. Lucrum

    Lucrum

    You forgot to mention AL Whore has gotten rich off of the GW hysteria he helped create.







    Yeah Irena definitely got fucked out of a prize she deserved. But then that's what happens when politics trumps facts and reality.
     
  6. gwb-trading

    gwb-trading

    Let's outline Al Gore's money-making scheme once again. He did not put his money to work in the area. He scammed the public to make money - hundreds of millions of dollars.

    Generation Investment Management (GIM) was co-founded in 2004 by David Blood and Al Gore. Website - http://www.generationim.com/

    Generation Global Equity Fund has $6 Billion in assets under management in early 2011 and is said to return more than 50% during the 12 months ending in March 2010.
    http://www.insidermonkey.com/hedge-fund/generation+investment+management/146/

    Filings indicate that for an non-operational role, Al Gore gets 0.5% of assets under management each year and 5% of the profits. This amounts $30 Million each year in asset under management fees and an average of $60 Million each year in performance fees over the life of the fund (it has had an average of a 19% return). Of course, these fees have built up over time as the fund grew after inception in 2004.

    The fund was established in 2004 before he departed on his "Inconvenient Truth" film and tour in 2006 with the obvious intent of creating a scare that would drive money to the fund and it's carbon credit trading schemes. IMDb - Inconvenient Truth: [urlhttp://www.imdb.com/title/tt0497116/[/url]

    In 2008, Al Gore invests $35 million with the Capricorn Investment Group. "That’s a big wad of cash for someone who reported barely $2 million in assets in 2000, when his job as vice president came to an end."
    http://dealbook.nytimes.com/2008/03/06/al-gores-big-investment/?_r=1

    Al Gore’s Inconvenient Loot
    http://riehlworldview.com/2007/03/al_gores_inconv.html

    Al Gore has thrived as green-tech investor
    http://articles.washingtonpost.com/...02345_1_clean-energy-clean-tech-firms-al-gore

    "Just before leaving public office in 2001, Gore reported assets of less than $2 million; today, his wealth is estimated at $100 million." (Actually other news reports indicate his wealth in 2012 was over $250 Million before getting $100M more in his recent Current TV deal.)

    You can make the case that Al Gore is a very savvy business person who has generated out-sized returns for investors and signficant wealth for himself. The reality is his fund can more properly be described as "Green Cronyism". Since 2008, most of the firms invested in by the fund had funding from the Obama administration. Of the 11 companies he mentioned in his 2008 slide show (e.g. Iberdrola Renovables), nine received or directly benefited from stimulus or clean energy funding.

    The Obama administration also supported the carbon credit trading scheme that makes a significant amount of the fund's trading profits.

    Bottom Line: Al Gore creates a hedge fund where he has no day-to-day operational role and then pushes the "Inconvenient Truth" to drive money for the fund. It is hard to made the case that Al Gore is driven by personal charity, true environmentalism (how about all those jet rides) or any type of real belief about 'global warming' --- it is all about making money... something he has been very successful at since leaving office.
     
  7. JamesL

    JamesL

    At least Obama deserved his, right?
     
  8. Lucrum

    Lucrum

    Well, half of it anyway. Ya know, cause he's half black. :)
     
  9. Since then, his net worth has skyrocketed, helped by timely investments in Apple and Google, profits from books and his movie, and scores of speeches for which he can be paid more than $100,000, although he often speaks at no charge.

    Mr. Gore has invested a significant portion of the tens of millions of dollars he has earned since leaving government in 2001 in a broad array of environmentally friendly energy and technology business ventures, like carbon trading markets, solar cells and waterless urinals.

    He has also given away millions more to finance the nonprofit he founded, the Alliance for Climate Protection, and to another group, the Climate Project, which trains people to present the slide show that was the basis of his documentary “An Inconvenient Truth.” Royalties from his new book on climate change, “Our Choice,” printed on 100 percent recycled paper, will go to the alliance, an aide said.


    “I believe that the transition to a green economy is good for our economy and good for all of us, and I have invested in it,” Mr. Gore said, adding that he had put “every penny” he has made from his investments into the Alliance for Climate Protection.

    “And, Congresswoman,” he added, “if you believe that the reason I have been working on this issue for 30 years is because of greed, you don’t know me.”


    http://www.nytimes.com/2009/11/03/business/energy-environment/03gore.html?_r=0
     
  10. LEAPup

    LEAPup

    You probably just blew the top of fc's head off.:D
     
    #10     Dec 22, 2013