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Shankapotomus

(4,840 posts)
Sun Jun 1, 2014, 07:05 AM Jun 2014

Wall Street Mega-Banks Are Buying Up The World’s Water

A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall Street banks and elitist multibillionaires — are buying up water all over the world at unprecedented pace.

Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays Bank, the Blackstone Group, Allianz, and HSBC Bank, among others, are consolidating their control over water. Wealthy tycoons such as T. Boone Pickens, former President George H.W. Bush and his family, Hong Kong’s Li Ka-shing, Philippines’ Manuel V. Pangilinan and other Filipino billionaires, and others are also buying thousands of acres of land with aquifers, lakes, water rights, water utilities, and shares in water engineering and technology companies all over the world.

The second disturbing trend is that while the new water barons are buying up water all over the world, governments are moving fast to...

continued at source:http://www.popularresistance.org/wall-street-mega-banks-are-buying-up-the-worlds-water/

33 replies = new reply since forum marked as read
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Wall Street Mega-Banks Are Buying Up The World’s Water (Original Post) Shankapotomus Jun 2014 OP
Greedy, lowlife, unscrupulous, fuckers !!!!!!!!!!! SamKnause Jun 2014 #1
I'm surprised that Bechtel is not on that list. L0oniX Jun 2014 #29
Maybe the list is SamKnause Jun 2014 #30
i went to link Leme Jun 2014 #2
Must be nice Shankapotomus Jun 2014 #5
Oh others too are invested down there lunasun Jun 2014 #24
They think we will not take it from them Uben Jun 2014 #3
I thought so too Shankapotomus Jun 2014 #6
Was it in Bolivia that they tried this before? JDPriestly Jun 2014 #26
du rec. xchrom Jun 2014 #4
Enron was moving bigtime into public water systems and I believe beachbum bob Jun 2014 #7
well, Leme Jun 2014 #8
It's a toll based ecology they want Shankapotomus Jun 2014 #10
truly disturbing cali Jun 2014 #9
will only get worst at sources of water for human use continues to dwindle beachbum bob Jun 2014 #11
666 sulphurdunn Jun 2014 #12
It would be nice if someone hacked into the accounts of these scumbag billionaires. Crowman1979 Jun 2014 #13
Right? Where are all the white hats when we need them?? ancianita Jun 2014 #16
Busy with NSA revelations. nt kelliekat44 Jun 2014 #18
They had their politicians (the ones they bought) starve the state, county, and city governments Dustlawyer Jun 2014 #14
It should be declared a universal resource not lable-able as a commodity. Ever ever. ancianita Jun 2014 #15
I warned about this three years ago. Sent letters to folks in Congress and the Pres. to start kelliekat44 Jun 2014 #17
Do they really think the masses will just lie down and die of thirst when they run out of cash? Scuba Jun 2014 #19
If they're good capitalists, they will (nt) Shankapotomus Jun 2014 #21
These parasites must be destroyed or they will kill us. L0oniX Jun 2014 #20
I want them to die. Enthusiast Jun 2014 #32
They want us to die ...after we run out of money for their water. L0oniX Jun 2014 #33
Keep on keeping on, that's capitalism for you...... socialist_n_TN Jun 2014 #22
the bastards should invest in desalinization instead. mopinko Jun 2014 #23
Add that to the list of rental properties, single-family homes, and farmland. drokhole Jun 2014 #25
+1 Shankapotomus Jun 2014 #27
yes, and in addition Leme Jun 2014 #28
The world's water should not be for sale at any price. Enthusiast Jun 2014 #31

SamKnause

(13,088 posts)
30. Maybe the list is
Sun Jun 1, 2014, 11:07 AM
Jun 2014

incomplete, or they changed their name like Blackwater.

I am glad they were not successful in Bolivia.

 

Leme

(1,092 posts)
2. i went to link
Sun Jun 1, 2014, 07:25 AM
Jun 2014

I was not aware of the specifics. But it did not surprise me that "big money" was trying to own as much of the water sector as possible. It is a limited resource. Thanks for reminding me.

edit: upon further reading I found this interesting:

Former President George H.W. Bush’s Family Bought 300,000 Acres on South America’s and World’s Largest Aquifer, Acuifero Guaraní

In my 2008 article, I overlooked the astonishingly large land purchases (298,840 acres, to be exact) by the Bush family in 2005 and 2006. In 2006, while on a trip to Paraguay for the United Nation’s children’s group UNICEF, Jenna Bush (daughter of former President George W. Bush and granddaughter of former President George H.W. Bush) reportedly bought 98,840 acres of land in Chaco, Paraguay, near the Triple Frontier (Bolivia, Brazil, and Paraguay). This land is said to be near the 200,000 acres purchased by her grandfather, George H.W. Bush, in 2005.

Shankapotomus

(4,840 posts)
5. Must be nice
Sun Jun 1, 2014, 07:47 AM
Jun 2014

to be able to buy up huge tracts of foreign land like it was nothing when you're only 24. And to combine the land grab with a humanitarian visit. Pretty sick stuff.

Uben

(7,719 posts)
3. They think we will not take it from them
Sun Jun 1, 2014, 07:32 AM
Jun 2014

They are wrong. Humans have to have water. These bastard's greed will end up being their demise.

JDPriestly

(57,936 posts)
26. Was it in Bolivia that they tried this before?
Sun Jun 1, 2014, 10:07 AM
Jun 2014

The Cochabamba protests of 2000, also known as the Cochabamba Water War or the Water War in Bolivia,[1] were a series of protests that took place in Cochabamba, Bolivia's third largest city, between December 1999 and April 2000 in response to the privatization of the city's municipal water supply company Semapa. The wave of demonstrations and police violence was described as a public uprising against water prices.[2]

The tensions erupted when a new firm, Aguas del Tunari – a joint venture involving Bechtel – was required to invest in construction of long-envisioned dam (a priority of Mayor Manfred Reyes Villa) - so they had dramatically raised water rates. Protests, largely organized through the Coordinadora in Defense of Water and Life, a community coalition, erupted in January, February, and April 2000, culminating in tens of thousands marching downtown and battling police. One civilian was killed. On April 10, 2000, the national government reached an agreement with the Coordinadora to reverse the privatization. A complaint filed by foreign investors was resolved by agreement in January 2006.

http://en.wikipedia.org/wiki/2000_Cochabamba_protests

Bechtel -- all about it during the Bush administration.

Bechtel gave $1.3 million in individual, PAC, and soft money contributions; 59 percent went to Republicans, 41 percent to Democrats.

http://www.sfweekly.com/2003-06-18/news/the-world-according-to-bechtel/2/

Corruption.

 

beachbum bob

(10,437 posts)
7. Enron was moving bigtime into public water systems and I believe
Sun Jun 1, 2014, 08:00 AM
Jun 2014

that conditions were place on loans from world bank that kinda forced countries to privatize their water systems at the time Enron got busted for their illegal financial reporting and business model. I know public entities are under severe financial pressure and many are selling their assets like the water system to generate a short term financial gain, just like states are selling their highway systems and such.........

- food
- water
- shelter


thats what people need and that is where big money is moving to with buying up farmland and foreclosed housing and water systems.....I owe my soul to the company store will be the new norm, for America soon enough

 

Leme

(1,092 posts)
8. well,
Sun Jun 1, 2014, 08:28 AM
Jun 2014

you owe it to the company store and you owe your existence to programs controlled by the government...and we know /suspect who owns the government.

Shankapotomus

(4,840 posts)
10. It's a toll based ecology they want
Sun Jun 1, 2014, 08:31 AM
Jun 2014

A price tag on everything in nature except the resources they take for themselves and resell.

Dustlawyer

(10,494 posts)
14. They had their politicians (the ones they bought) starve the state, county, and city governments
Sun Jun 1, 2014, 09:19 AM
Jun 2014

so they would need to sell off their highways, water systems, government land... This has to stop soon!
Fight for Publicly funded elections and complete campaign finance reform! Let's get the money out of our politics and we will get our Representatives back!

ancianita

(35,945 posts)
15. It should be declared a universal resource not lable-able as a commodity. Ever ever.
Sun Jun 1, 2014, 09:21 AM
Jun 2014

People and government need to fight these stealth, thieving vampire squids. By any means necessary.

 

kelliekat44

(7,759 posts)
17. I warned about this three years ago. Sent letters to folks in Congress and the Pres. to start
Sun Jun 1, 2014, 09:24 AM
Jun 2014

planning for how to protect citizens from these vulture capitalists. Nothing yet.

 

L0oniX

(31,493 posts)
20. These parasites must be destroyed or they will kill us.
Sun Jun 1, 2014, 09:38 AM
Jun 2014

It's just a matter of time before the mass revolt begins. BTW by the term "destroyed" I mean take away their operations.

socialist_n_TN

(11,481 posts)
22. Keep on keeping on, that's capitalism for you......
Sun Jun 1, 2014, 09:50 AM
Jun 2014

But of COURSE, all we need is a little "regulation". We don't need a total systemic change, just a few tweaks!

This it yet another symptom of end stage capitalism. Acquiring ALL of the resources that people need to live. THIS type of shit is the reason that revolution is inevitable. Maybe or maybe not soon, but inevitable. Unless somebody seriously thinks that this rotten system will check itself?

mopinko

(70,023 posts)
23. the bastards should invest in desalinization instead.
Sun Jun 1, 2014, 09:53 AM
Jun 2014

they could actually be useful in that capacity, as the main problem with that is getting the clean water where it needs to be.

i suppose they prolly are.

 

Leme

(1,092 posts)
28. yes, and in addition
Sun Jun 1, 2014, 10:58 AM
Jun 2014

private millionaires own "hobby" farms and get a great benefit from farm subsidies.
----read some of your farmland link
http://www.motherjones.com/tom-philpott/2014/03/land-grabs-not-just-africa-anymore

-
Almond growing caught my eye. I think I remember something about the government spending money to promote the almond market overseas... which generally raises the price I pay.

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