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Beware of the next Big Financial Scam: the SOVEREIGN FUNDS
Posted by elitethinker • 6/13/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: sovereign fund
This is what I forecast:
The reform the G7/G20 will propose will be to give the power to the IMF or World Bank under the promise to "regulate" whereas in truth it is to strengthen the Financial Oligarchy and in the future we will have even more big crisis. The US Central Bank was created also under the same crisis pretext of 1907: supposedly no more financial crisis would be possible, oh really ? what about 1929, what about now ?
You want to know what the next big hype will be: SOVEREIGN FUNDS. After the Mutual Fund Scam, after the Hedge Fund Scam, it will be the Sovereign Fund Scam. These funds are theorically owned by the Gov of each country (US, China, France, etc) but in truth as usual it is controlled by the same financial crooks who will use them to pump even more money and then empty the funds at the end.
When they "democratized" the hedge funds, I have warned people it will be a scam, and now I'm warning the SOVEREIGN FUNDS WILL BE THE NEXT BIG FINANCIAL BIG CORPORATES AND GOV UNITED SCAM !
As these Funds are even more gigantic than Hedge Funds because it is Gov Money controlled by the same Banking Crooks, the Crisis Waves will increase even more dramatically ! They're going to pump all the retirement money of US and European People to send it offshore and create their "dream" of total Globalization and Control.
User Comments
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Interesting. Will need to look into this a bit further. Won't the SCAM just be that peoples savings will be inflated away (as happens in any fiat money system)?
In France, for example, the sovereign funds were introduced last year a a way to channel money for financing - as banks were not lending - as we know that in a debt based money system debt must ever increase...
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