Saturday, 4 July 2015

London: "The money laundering capital of the world"

The sad story of what´s in for London:

The reason new money floods to London isn’t necessarily sentimental but pragmatic: London sells itself to the 21st century as, in the words of English satirical magazine Private Eye, “the money laundering capital of the world.” Nowhere is this more striking than in the property market.
“London has become a safe haven for corrupt capital from around the world,” says a new report by Transparency International, “facilitated by the laws which allow UK property to be owned by secret off-shore companies.” In this new order the “proper” English are increasingly becoming the service class. The new English hero of the age is the elite estate agent (they prefer to be known as “property brokers”). You find them in the lobbies of the Park Lane hotels and at the after-parties of art auctions, looking to snag a client and sell off a bit more of London.
But how do the new elite see the English?
At brunch with the wife of a Russian minigarch at a Mayfair club, I noticed one smart young Englishman after another come up to our table to offer his services as a wine merchant, landscape gardener or interior designer. She leaned over to me: “You have to watch the English like a hawk when they come do any work — they’re lazy and always try to rip you off.” It was just the way the English had once talked of their colonial subjects and foreign “help.”
So will this be the future of London? A globalized elite serviced by a class of English butlers, estate agents and money launderers? It’s hard not to notice the historical irony — the nation that once ruled over half the world reduced to being, if not colonized, then at least relegated to second class in the postcodes of its own privilege.

Read the entire article here

Tuesday, 30 June 2015

Republicans promise to prevent Obama from wasting taxpayers´ money on Green Climate Fund

"Foreign aid might be defined as a transfer of money from poor people in rich countries to rich people in poor countries."
Douglas Casey

Thank God there are still some sane people in the US Senate! :

Sen. James Inhofe, chairman of the Environment and Public Works Committee, said he would "do everything in my power to prevent $3 billion in taxpayer dollars from going to the Green Climate Fund, where the money will be spent by unelected U.N. bureaucrats to dictate U.S. policy and hinder developing countries' ability to aggressively address the economics of poverty." Senate Majority Leader Mitch McConnell's office has indicated Republicans would block the funding.