-Caveat Lector-
Linda Minor wrote:
>My research indicates that the money used to finance new industry in many
>cases comes from so-called "investment trusts" based in Scotland, which are
>affiliated with banks in Montreal and Toronto. If you read Tarpley and
>Chaitkin's Unauthorized Biography of George Bush, you'll see that's exactly
>where he got his "venture capital," as did Eugene Meyer, one of his
>investors. This "capital" was earned from vice--first slavery, piracy,
>opium, prohibited liquor; then from mining of strategic minerals from
>colonies like South Africa, South America and Canada. The chartered
>companies like British East India Company and Hudson's Bay Company were set
>up to loot the resources for the benefit of shareholders. The profits went
>back to the company and were reinvested in bonds of American railroad
>companies, utility companies, and even agricultural and land development
>syndicates like United Fruit. The so-called CIA front companies can be
>traced in their origin to these Scottish investment trusts, the Bank of
>Montreal and Toronto-Dominion Bank as well as the HongKong and Shanghai
>bank. It's the biggest business there is, and the men who are set up in
>business--who receive the "venture capital"--are part of the network
>maintained by secret societies such as Skull and Bones and the advanced
>Masonic degrees.
>
>The companies which issue the securities learned about 50 years ago to take
>stock in lieu of cash, and to demand a seat on the board of directors. If
>the company does well, they get more stock in order to acquire control of
>the company. But the securities issuers are only as powerful as the
>connections they have to the people who market the securities--that is, the
>mutual fund companies and insurance companies who use money invested by
>hard-working people to fund their evil empire.
>
I read about investment trusts a couple of years ago in a book
with a cheesy title like "The Coming Mutual Fund Collapse". The
author implicated the trusts in the depressions of 1870 and
1929 (there were investment trust in the U.S. in the '20s) because
they suck the money out of the real economy, beginning the
deflationary spiral.
Of course the author didn't really dig into the darker aspects
beyond noting the mutual funds companies being in the forefront of
the "shareholders' rights" movement (i.e. fire your employees and
sell your assets to pay us higher dividends) but he did mention
one thing that struck me at the time as humourous (rather than
sinister). He blamed a mutual fund rush for an economic slump in
the late '60s and said that George Bush was promoting mutual funds
in Redbook magazine! (*sigh* I've been saving the Unauthorized bio
on floppies to read later. I guess I'll have to have a quick peek
at the web page.)
Interesting that you should mention strategic minerals. The largest
deposits of these are found in South Africa and the (former)
Soviet Union. *That's* why the U.S and Britain were so dead set
against sanctions and why the apartheid gov't collapsed so soon
after the demise of the Communist bloc -- it had nothing to do
with all those morons who are breaking their arms patting themselves
on the back. The gold and diamonds were just baubles to distract
the masses.
The Canadian bank mergers have been disallowed as they were an
affront to the public's sensibilities. But the "experts" claim
that they are just being delayed until a more propitious moment
(like, say, five minutes after the next federal election). Until
a MAI-like agreement is reached the powers-that-be are probably
happy enough exploiting the differences in various countries
banking laws to play their little shell games anyway.
Gerry
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