The 1972 US Coup Against Australia

2 May

The Most Revolutionary Act

Hot Money and the Politics of Debt

RT Naylor

McGill-Queens University Press (2004)

Book Review

Hot Money is about the trillions of dollars of global financial activity that is never recorded in official economic statistics. Corporate money laundering of illegal narcotics profits is the form of “hot money” that gets the most publicity. However according to Naylor, it accounts for a relatively small proportion of “hot money” percolating through offshore banks and dummy corporations.

Most “hot money” starts out as funds generated via “legitimate” business which rich elites sebd offshore to avoid taxes or in anticipation of economic calamity or regime change. All the world’s most ruthless dictators stashed funds in Swiss banks or similar financial havens prior to being deposed.

A sizeable chunk of hot money is generated from other illegal enterprises, such as gun running, illegal arms deals, prostitution, phony charities and religious groups (eg Reverend Moon’s Unification…

View original post 250 more words

2 Responses to “The 1972 US Coup Against Australia”

  1. auntyuta May 2, 2017 at 8:57 am #

  2. auntyuta May 2, 2017 at 9:34 am #

    Here is a link to another blog that I just discovered:

    https://theaimn.com/rifles-and-racketeers/

    It was written \written by: The AIM Network, October 20, 2015

    It says: “Nestled in the Necker Valley in the Black Forest region of southern Germany is the town of Obendorf. , , , , Like gnomes out of a Grimm’s fairy-tale Obendorf’s people are good at making things. Sewing machines, drilling machines, machine tools, machine parts, and its specialty: a two-century tradition of weapons-making. Oberndorf’s biggest employer is Heckler & Koch (H&K), one of the world’s leading makers of firearms and these precision engineered killing instruments have been fired in every corner of the world. . . . “

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: