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Public Inquiry
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The Saker
A bird's eye view of the vineyard

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[this analysis was written for the Unz Review] Well, that didn’t take too long.  Let me summarize what just happened in the Ukraine. Everything was looking oh-so-promising and then suddenly…

offsite link And now, a message from our wannabe masters about Syria Wed Oct 16, 2019 21:44 | The Saker
this just came to my inbox: Dear The Saker, The American Jewish Congress opposes the U.S. decision to withdraw troops from Syria and strongly condemns Turkey’s actions in Syria against

offsite link US Withdraws From Syria With Tail Between Legs! Russian Troops Move In to Keep the Peace! Wed Oct 16, 2019 21:31 | amarynth
American troops have left their military bases in Syria in the district near Dadat town and Um Mial locality and headed for Iraq. Syrian government forces have entered the districts

offsite link Wanna see how fast the US forces ran from northern Syria? Wed Oct 16, 2019 19:17 | The Saker
Then check out this video (in Russian, but not translation needed): also, notice how these “invincible warriors” are used to fight with refrigerators full of Coca-Cola to sustain them in

offsite link The West?s Long War Against Serbia; The Paradoxes of Yugoslav History Wed Oct 16, 2019 16:57 | The Saker
The Archibald Reiss Institute: Serbian patriot and war hero Mihailovic takes center stage again Introduction by “Serbia Unchained”: Political and military analyst The Saker recently stirred considerable controversy with a

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Human Rights in Ireland
A Blog About Human Rights

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Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link Peace in Our Time: Update and some questions?. 18:45 Wed Oct 16, 2019 | WorldbyStorm

offsite link ILHS & ICTU Joint Conference The Irish Congress of Trade Unions 1959 ? 2019 18th, 19th October 2019 18:30 Wed Oct 16, 2019 | guestposter

offsite link 1989 revisited: October 16th ? Over 100,000 protest in Leipzig 13:10 Wed Oct 16, 2019 | WorldbyStorm

offsite link An all island economy and loyalism? 10:34 Wed Oct 16, 2019 | WorldbyStorm

offsite link What you want to say ? 16 October 2019 07:58 Wed Oct 16, 2019 | WorldbyStorm

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Credit Suisse Banker Pleads Guilty in Mozambique Loan Scandal

category international | economics and finance | news report author Monday July 22, 2019 23:08author by Kate Zeller - Jubilee USA Network Report this post to the editors

On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country.

Washington DC - On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country. Pearse and six others are accused of taking $200 million in the scheme.

“Mozambique, one of the poorest countries in the world, is dealing with a financial crisis because of the greed of corrupt bankers," said United Nations corruption and finance expert Eric LeCompte and Executive Director of the religious development group Jubilee USA Network. “This behavior is only possible because of a lack of global loan transparency and a lack of public budget transparency in Mozambique.”

US prosecutors argue that Credit Suisse and Russian-based VTB finance group hid secret loans to the Mozambique government by bribing bank and government officials. The loans were supposed to support the tuna fishing industry, but instead supported the outfitting of boats for military attack crafts. When the secret loans to Mozambique were revealed in 2016, the IMF and World Bank cut ties with the country, halting development funding. This year, Mozambique was hit with two cyclones further impacting the debt ridden and poverty stricken country.

"Mozambique is struggling to recover from a debt crisis and terrible natural disasters," noted LeCompte.

Related Link: http://www.jubileeusa.org
author by Tpublication date Mon Jul 22, 2019 23:16author address author phone Report this post to the editors

This form of financial colonialism was well documented by John Perkins who worked for the World Bank and eventually his conscience got the better of him and he revealed all in his book. Confessions of an Economic Hit Man

And many years earlier the economist Michael Hudson wrote in 1972: Super imperialism : the economic strategy of American empire

So giving loans to poor countries to make them poorer and use it as a means to steal all their resources has been part of the plan all along. It is unclear why now they are putting people on trial in court. Perhaps it is American banks are competing with European banks in the robbery and Trump has ordered behind the scenes the investigation so that the competition is removed and American banks can get in there and doing the robbing.

 
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