The Docktor Nickolas Roadshow

The Docktor "Dick" Nickolas Roadshow.

I have the answer ladies and gentlemen! The answer to all your ills, chills, maladies and a cure for that itchy scalp, baldness and those smelly feet.

So step right up folks, step right up and see what I have for you, for a sum I can fix all your problems! Yes folks I have the answer that will save not just your problems but this city, no this country, no folks the world's problems!!

I am talking about genuine, no nonsense, all purpose, Government guaranteed, personally backed by myself, a qualified purveyor of all that cures, quality gilt edged carbon credits!

Yes folks carbon is what it is and credit is what you will get if you purchase, but you have to purchase now before time runs out!!!

What was that Sir?!

No, No, No, its real, its based on reele cience and backed by those that have been making this stuff up for years!!

What is that Sir?!

Folks, that man over there asks does it work, I cant tell you those things but folks you just have to give it a go and you will find out, trust me I am qualified, I'm a docktor !!

What is that Sir?!

He asks how much it costs folks!

Mere pennies ladies and gents, mere pennies.

What was that Sir?

Sir says he doesn't believe me!!!!

Don't listen to him folks, I know most of you believe me and after all I have cience on my side!!

The crowd leaves having bought all the credit they could lay their hands on.

Docktor Nickolas leaves with heavy pockets having picked everyone elses in the crowd, all except the lone wolf with the big mouth who just lit an open fire to warm his cold hands with the paper that the crowd had given him after they found out quite quickly that the doctor had in fact conned them.

This really is the best way to keep warm he thought to himself.


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c Share Investor 2010

NZX sneaks out embarassing carbon disclosure after dark

In an announcement sneaked out after market close on Friday 12 February (the day traditionally used by companies to hopefully hide embarrassing and bad news) The New Zealand Stock Exchange Ltd [NZX.NZ] has indicated that it has had to write down the value of a "performance payment" from the sale of its carbon registry, TZ1 last year.

Curiously the NZX valued this payment at $ US 37.1 million (seems quite arbitrary considering there is no set "value" for a "carbon credit") but have now decided to write this down to another arbitrary figure of US$21.4 million.

So, the NZX have been winners and losers in the carbon credit lark. They sold to some poor sucker at the height of the scam and lost out by missing on a performance bonus.

An interesting finish to the NZX release today:

In spite of tough operating conditions, the TZ1 registry business continues to lead the field in customer acquisition worldwide. As such it is very well-placed to benefit when the carbon agenda, and corporate willingness to commit voluntary spend in this field, return. The past 12 months was a planned, intensive growth phase for the carbon registry business, and that growth has been slowed by macro headwinds. NZX remains confident around the long-term success of the this business.

They admit that the carbon trading business is an "agenda", it is indeed one of those, a political one used by people like the folk at NZX to make money from thin air but they say they are also confident that the business will be a long-term winner.

I would have to argue again that this statement seems a little confusing because they sold TZ1 in the first place and it also looks to be collapsing into itself in a heap of smelly shareholder losing red ink on the NZX balance sheet.

I have to say, in terms of disclosure by the NZX and Mark Weldon, to be this sneaky about releasing this information, it sets a very poor example for the listed companies that it manages on behalf of shareholders and goes to show when you mess with an "investment" that is based on fraud and when you don't understand that investment, you can quickly come unraveled.

NZX shareholders are the big losers here and there will be more losses to come as carbon trading continues to unravel.

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c Share Investor 2010

Carbon Trading: A good reason to exit the Stockmarket

When your taxi driver, next door neighbour and friends at barbecues start talking about how much money they have made buying carbon credits on the NZX, which start trading in New Zealand in July 2010, you will know it is time to exit the New Zealand Stockmarket, and other global stockmarkets as well.

Whether you think the theory behind climate change, which carbon trading is supposed to help ameliorate, is true or not - and it has been proven it isn't - carbon trading is going to be the buzz phrase of 2010 and beyond. As the price for these carbon credits increases, and it will, it is going to take stockmarkets on a ride with it not seen since the Internet boom on the late 90s.

Like that boom though, Carbon Credits have no real assets behind them to back them up, they are simply "made up" and the revenue that flows from these credits is based on political maneuvers and manipulation rather than real economics, so the ride isn't going to last forever.

As I picked almost 2 years ago I expect a bull run for the NZX in 2011, for different reasons back then but the carbon trading market is going to be part of the resurgence.

This isn't about knocking global warming or carbon trading though, because others do it better and quite frankly it is easy to do because of the sheer kookiness of it all. This is about my strategy to get out of the stockmarket before the carbon trading market inevitably collapses and takes everything else down with it.

I prefer my own exit strategy, I don't like being pushed. but I reckon i will have little choice once this pile of bullshit gains momentum.

How bad it will be nobody knows but the carbon trading market is likely to get intertwined in every facet of our lives as well as our financial markets so any fallout from its collapse will be significant.

I just have to wait for those first signs to come and for every Al (oh hang on HE already is and is already making moola out of it), Dick and Harriet to start blabbing constantly about it and I know the market will be near its peak.

Keep that in mind if you are going to get into carbon trading directly or the stockmarket in general and head for the exits if you dont want to lose your carbon neutral shirt.

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c Share Investor 2009

The Carbon Fairy has no clothes on

In what is clearly gearing up to be one of history's greatest financial explosions and implosion when it all inevitably collapses, is news today that the carbon trading "market" tripled in size to US$30 Billion last year.

With this market built on failed "science", lies and spruiking by the likes of wealthy green investors Al Gore and Leonardo Di Caprio, like all markets built on such flimsy backgrounds the money made, and there will be billions, will be made by those that get on the greenwagon first:

Since co-founding Climate Change Capital in 2003, James Cameron and his business partner Mark Woodall have turned their company into a powerhouse in the burgeoning global market in greenhouse gases. Driven by the Kyoto Protocol on global warming, an accord Cameron helped write, this corner of the derivatives arena is growing as never before.


Clearly, Cameron and Woodall are smart cookies but these self interested scam artists, who have written their own rules and now profit from them by "investing" other peoples hard earned cash into worthless carbon credits will be the first to withdraw their own funds when the climate change hysteria is revealed for what it is, that the sun simply getting hotter.


A Carbon footprint recently traded on Ebay for
US$1 Million.

I am old enough to remember similar things happening during the dot com era where mum and dad investors piled into worthless "businesses" and the big boys got out first before the truth about the bulk of silicon valley Internet companies hit the investment fan.

The same thing is going to happen with the carbon trading market.


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Carbon Credit Trading puts markets at extreme risk
Mark Weldon Strikes out on Carbon Trading
Quote of the year
Of Tulip bulbs and Tooth fairies
Global warning: Tax iceberg ahead
Mark Weldon in two minds about carbon trading

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Kristen Byrne: Ponder the Maunder - a 15 year old schoolgirl debunks climate change myth

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c Share Investor 2007