Joyanna Adams

Nobody's Opinion

Obama: Smashed, then Grabbed

 

Nobody Wins:

One of the important facts about the corruption of our politicians was described in the book by Pert Schweizer, Secret Empires.

It’s called, SMASH AND GRAB. Guess who made a lot of money off of this? Obama, and his ‘climate change’ buddies who went around talking down the oil industry…they’d destroy the oil company, then their ‘friends’ and I’m SURE they too, bought the stock, at pennies on the dollar, and became that much richer.

From the book:

Globalization has both exposed and accelerated corruption.

The government by their own words or policies, “smashes” the industry on the grounds that it is bad, destructive, or dangerous. This is often done because an industry or company is deemed harmful to the environment or damaging to public health, or it exploits vulnerable people. Once “smashed” the valuation of that industry or company drops dramatically. But then, something else happens. Investors or financiers closely tied to the politician suddenly buy the company or buy into the industry for pennies on the dollar. The company or industry is then resurrected to its previous luster and its valuations rise dramatically under new owners who have close ties to the politician.

The politician gets to claim a virtuous act done in the public’s interest, while his or her closest friends and money supporter clean up financially. Smash and grab is profoundly destructive because it not only manipulates the economy, but also generates wealth for the close friends of politicians by first destroying someone else’s wealth.

Example’

In December 2010, Obama ordered new drilling restrictions placing “the entire Pacific Coast, the entire Atlantic Coast, the Eastern Gulf of Mexico, and much of Alaska off-limits to future energy production.” 

It cost thousands of people their jobs. 

Shares of the many coal companies plunged more than 90 percent.

Yet in the midst of that financial avalanche, many of Barack Obama’s closes friends rushed in, buying up coal company shares. This is not 

public information. Many of them appear to have profited from well-timed investments. 

Can you say…Martha’s Vineyards?

Global warming takes on a whole other meaning doesn’t it?

 

January 29, 2020 - Posted by | Barack Obama, Uncategorized | ,

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