When Glencore, the world's biggest commodities brokerage firm, went public in May 2011, the initial public offering (IPO) on the London and Hong Kong stock exchanges made headlines for weeks in the Financial Times and the trade-industry press, which devoted endless columns to the company's astonishing valuation of nearly $60 billion -- higher than Boeing or Ford Motor Co. The massive new wealth turned nearly 500 employees into overnight multimillionaires and made billionaires of at least five senior executives, including CEO Ivan Glasenberg.
Indeed, going public, according to the sources I spoke with, means building on the business model created and perfected by Marc Rich, who, before his controversial pardon by U.S. President Bill Clinton, was a legendary fugitive, a regular fixture (along with Osama bin Laden) on the FBI's Most Wanted list.
-- Ken Silverstein - "A Giant among Giants"
Marc Rich would set up shell companies in other countries where he would sell the mineral wealth of Africa to one of his shell companies for peanuts in order to minimize the African taxes he had to pay on the transaction in the African country where the mineral was dug up.
Jews claim to be the defenders of blacks, but when it comes to their making money, they will take food from the mouth of babes, as seen in countries like Zambia, fabulously rich in copper mines, but filled with the most desperate of starving children.
How does a rich Jewish trader like Marc Rich assuage his guilt of abandoning the poor in Africa where he personally refuses to pay their taxes?
Easy --- he gets his Jewish Hollywood friends to con American Taxpayers to feed, cloth and give health-care to the starving Africans.
Bill Clinton, the President who pardoned Marc Rich for his crimes of getting illegally rich on African commodities, was also instrumental in giving billions of American taxpayer dollars to help feed Africa's poor. President George Bush was probably conned into doing the same.
This allowed Marc Rich to pay the most minimum of wages in Africa with hardly no taxes, while insuring that American and European Christian tax dollars were providing the "food stamps" and the AIDS drugs to those same desperately needy Africans.
Give Us the Money
How do you change the world?
From Live Aid to Make Poverty History, celebrities have become activists against poverty.
Bob Geldof and Bono have been the most prominent voices advocating on behalf of the poor.
But have the concerts and campaigns really lifted millions out of poverty? Geldof, Bono and Bill Gates speak candidly about how to lobby effectively and how to play to politicians' weaknesses for glitz and popularity.
-- Why Poverty, by Director Bosse Lindquist; Producer David Herdies. Produced by Momento Film.
