Vulture Funds

“Vulture funds; Wealthy foreign investors buy up distressed sovereign debt at pennies on the dollar – typically at a 90% discount – then reap vast profits when those debts are repaid in full. One trick is to make sure that influential locals (aka Economic Hitmen) are secretly part of the investor group buying the discounted debt: these locals will then do battles inside the developing country governments to make sure the debts get paid in full. Their involvement, of course, must be hidden behind a shield of offshore secrecy, so that the impoverished nation’s citizens can never find out how their nation’s wealth was stolen… 

… Economists have not ignored these issues entirely, but they almost always break them down into discrete, country level local problems that only blame corrupt local elites. These matter of course but such analyses doubt what all the disasters have in common. Offshore.

.. Two bodies set rules and models and standards in this field: the OECD (Organisation for Economic Cooperation and Development), a club of rich nations, and the UN, where poor countries have a stronger voice. Unsurprisingly, the OECD dominates and it works hard to ensure that its treaty models, which tilt the treaty models in favour of the rich countries at the expense of the poor ones, is dominant.”
(Nicholas Shaxson, Treasure Islands.)

Along the surface of this Iceberg, the math equals that the 3rd world countries as the most resourceful, are robbed of 14 times the amount of their Aid income while 850 million remain in starvation? 

Popular posts from this blog

Analysis of the Televised Revolution from my distance

Image
The immediate gratification of almost anywhere at the touch of your worn out psychotronic button, the death of exchange value, the absence of hemisphere followed by an annihilation of seductions distance. Hidden bangers and salad beyond the horizons that seem reduced to a net village, left with the critical analysis of the average dick head, base chakra language on a one star dessert all day, gradually appearing obvious yet performing denial in public? An oblivion of the social political with the velocity of ignorance eventually reaching nihilism, conforming to and reinforcing those running vulture loan funding's, with a body count of 60.000 a day, are evident of the predatory. Pseudo institutions for monsters such as the United Nations, established to protect the 3rd World, yet sabotaged by the whores of Satan for decades, are now exposed raping profit from war torn refugee children. (1) Conclusion:  The televised revolution obviously evaluates to the most exstensive c
Read more

Competing with the Jones's

"Their competion with the Jones's,  is a slaves ownership,  corrupt with GDP sadist destructive? That's why I apply DIY GPI, Terraforming Paradise." Genuine progress indicator (GPI) is a economic metric suggested to replace our gross domestic product (GDP). Compared to our currently applied GDP, the GPI fully respects and wishes to maintain the well-being of a nation, other than considering colonisation and warfare as profitable, for which the GDP is prominent.  The concept of the GPI splits the value of society's motion from economic growth.
Read more