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Donald Trump
is about to break the record of withdrawing his promises faster than
any other US president in history. It's not only the fact that his
administration has been literally taken over by Goldman Sachs, the
top vampire-bank of the Wall Street mafia.
Recently,
Trump announced another big alliance with the vulture billionaire,
Paul Singer, who, initially, was supposedly against him. It looks
like the Trump big show continues.
The
'anti-establishment Trump' joke has already collapsed and the US
middle class is about to be eliminated by the syndicate of the united
billionaires under Trump administration.
As Greg
Palast told to Thom Hartmann:
Paul Singer
whose nickname is "the vulture", he didn't get that
nickname because he is a sweet and honest businessman. This is the guy
who closed the Delphi auto plants in Ohio and sent them to China and
also to Monterrey-Mexico. Donald Trump as a candidate, excoriated the
billionaires who sent Delphi auto parts company down to Mexico.
Paul Singer
has two concerns: one of them is that to eliminate the banking
regulations known as Dodd–Frank. He is called 'the vulture' cause
he eats companies that died. He has invested heavily in banks that
died. He makes his billions from government bail-outs, he has never
made a product in his life, it's all money and billions made from
your money, out of the US treasury.
He is
against what Obama created, which is a system under Dodd–Frank,
called 'Living Wills', where if a bank starts going bankrupt, they
don't call the US treasury for bail-out. These banks go out of
business and they are broken up so we don't have to pay for the
bail-out. Singer wants to restore the system of bailouts because
that's where he makes his money.
The Mercers
are the real big money behind Donald Trump. When Trump was in trouble
in the general election he was out of money and he was out of ideas
and he was losing. It was the Mercers, Robert, who is the principal
at the Renaissance Technologies, basically investment banking sharks,
that's all they are. They are market gamblers and banking sharks, and
that's how he made his billions, he hasn't created a single job as
Donald Trump himself like to mention.
Both the
vulture and the Mercers, they don't pay the same taxes as the rest.
They don't pay regular income taxes. They have a special billionaires
loophole called 'carried interest'. They were two candidates who said
that they would close that loophole: one was Bernie Sanders and the
other, believe it or not, was Donald Trump, it was part of his
populist movie, he said 'These Wall Street sharks, they don't
build anything, they don't create a single job, when they lose we
pay, when they win, they get a tax-break called carried interest. I
will close that loophole.' Has he said a word about that
loophole? It passed away.
Full
interview:
Take a taste
of Paul Singer from Wikipedia
:
His
political activities include funding the Manhattan Institute for
Policy Research and he has written against raising taxes for the 1%
and aspects of the Dodd-Frank Act. Singer is active in Republican
Party politics and collectively, Singer and others affiliated with
Elliott Management are "the top source of contributions" to
the National Republican Senatorial Committee.
A
number of sources have branded him a "vulture capitalist",
largely on account of his role at EMC, which has been called a
vulture fund. Elliott was termed by The Independent as "a
pioneer in the business of buying up sovereign bonds on the cheap,
and then going after countries for unpaid debts", and in 1996,
Singer began using the strategy of purchasing sovereign debt from
nations in or near default—such as Argentina, ]— through his NML
Capital Limited and Congo-Brazzaville through Kensington
International Inc. Singer’s business model of purchasing distressed
debt from companies and sovereign states and pursuing full payment
through the courts has led to criticism, while Singer and EMC defend
their model as "a fight against charlatans who refuse to play by
the market’s rules.”
In
1996, Elliott bought defaulted Peruvian debt for $11.4 million.
Elliott won a $58 million judgement when the ruling was overturned in
2000, and Peru had to repay the sum in full under the pari passu
rule. When former president of Peru Alberto Fujimori was attempting
to flee the country due to facing legal proceedings over human rights
abuses and corruption, Singer ordered the confiscation of his jet and
offered to let him leave the country in exchange for the $58 million
payment from the treasury, an offer which Fujimori accepted. A
subsequent 2002 investigation by the Government of Peru into the
incident and subsequent congressional report, uncovered instances of
corruption since Elliott was not legally authorized to purchase the
Peruvian debt from Swiss Bank Corporation without the prior approval
of the Peruvian government, and thus the purchase had occurred in
breach of contract. At the same time, Elliott's representative, Jaime
Pinto, had been formerly employed by the Peruvian Ministry of Economy
and Finance and had contact with senior officials. According to the
Wall Street Journal, the Peruvian government paid Elliott $56 million
to settle the case.
After
Argentina defaulted on its debt in 2002, the Elliott-owned company
NML Capital Limited refused to accept the Argentine offer to pay less
than 30 cents per dollar of debt. With a face value of $630 million,
the bonds were reportedly bought by NML for $48 million, with Elliott
assessing the bonds as worth $2.3 billion with accrued interest.
Elliott sued Argentina for the debt's value, and the lower UK courts
found that Argentina had state immunity. Elliott successfully
appealed the case to the UK Supreme Court, which ruled that Elliott
had the right to attempt to seize Argentine property in the United
Kingdom. Alternatively, before 2011, US courts ruled against allowing
creditors to seize Argentine state assets in the United States. On
October 2, 2012 Singer arranged for a Ghanaian Court order to detain
the Argentine naval training vessel ARA Libertad in a Ghanaian port,
with the vessel to be used as collateral in an effort to force
Argentina to pay the debt. Refusing to pay, Argentina shortly
thereafter regained control of the ship after its seizure was deemed
illegal by the International Tribunal for the Law of the Sea.
Alleging the incident lost Tema Harbour $7.6 million in lost revenue
and unpaid docking fees, Ghana in 2012 was reportedly considering
legal action against NML for the amount.
His
firm... is so influential that fear of its tactics helped shape the
current 2012 Greek debt restructuring." Elliott was termed by
The Independent as "a pioneer in the business of buying up
sovereign bonds on the cheap, and then going after countries for
unpaid debts", and in 1996, Singer began using the strategy of
purchasing sovereign debt from nations in or near default—such as
Argentina, Peru—through his NML Capital Limited and
Congo-Brazzaville through Kensington International Inc. In 2004, then
first deputy managing director of the International Monetary Fund
Anne Osborn Krueger denounced the strategy, alleging that it has
"undermined the entire structure of sovereign finance."
More than a year ago we wrote that “Trump's
rhetoric is concentrated around a racist delirium. He avoids to take
direct position on social matters, issues about inequality, etc. Of
course he does, he is a billionaire! Trump will follow the
pro-establishment agenda of protecting Wall Street and big
businesses. And here is the fundamental
difference with Bernie Sanders. Bernie says no more war and he means
it. He says more taxes for the super-rich and he means it. Free
healthcare and education for all the Americans, and he means it. In
case that Bernie manage to beat Hillary, the establishment will
definitely turn to Trump who will be supported by all means until the
US presidency.”
Yet, we would never expect that Trump would verify us,
that fast.
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