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The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.? We are also making archives of the blog available for free download in various formats (see below).?

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link AfD Classified as Extreme-Right by German Intelligence, Paving Way for Ban Fri May 02, 2025 15:00 | Will Jones
The AfD has been designated as Right-wing extremist by Germany's Federal Office for the Protection of the Constitution, enabling surveillance of the party to be ramped up and paving the way for it to be banned.
The post AfD Classified as Extreme-Right by German Intelligence, Paving Way for Ban appeared first on The Daily Sceptic.

offsite link Making Sense of Trump?s Tariffs Fri May 02, 2025 13:00 | Ramesh Thakur
There's method in Trump's tariff madness, says Ramesh Thakur. Uniting his America First, anti-Net Zero and anti-DEI policies is an imperative to untangle the US from strategic dependence on an ascendant China.
The post Making Sense of Trump’s Tariffs appeared first on The Daily Sceptic.

offsite link The Capture of the IMF and World Bank by Eco-Zealots is Hurting Poorer Countries Most Fri May 02, 2025 11:00 | Tilak Doshi
The IMF and World Bank have been captured by eco-zealots and lost sight of their original purpose, says Tilak Doshi. Developing countries, desperate for energy and growth, are the biggest losers.
The post The Capture of the IMF and World Bank by Eco-Zealots is Hurting Poorer Countries Most appeared first on The Daily Sceptic.

offsite link Reform Wins Runcorn By-Election by Six Votes, Overturning Labour Majority of 14,700 and Triggering P... Fri May 02, 2025 09:00 | Will Jones
Reform has won the Runcorn and Helsby by-election from Labour by just six votes, overturning a majority of 14,700 and triggering a political earthquake that threatens to shatter the hegemony of Labour and the Tories.
The post Reform Wins Runcorn By-Election by Six Votes, Overturning Labour Majority of 14,700 and Triggering Political Earthquake appeared first on The Daily Sceptic.

offsite link The End of American Empire? ? With Doug Stokes Fri May 02, 2025 07:00 | Richard Eldred
Special Episode of the Sceptic: Doug Stokes on what?s next for Ukraine, the future of NATO, the significance of Trump?s trade war and why Europe needs?to?get?serious.
The post The End of American Empire? ? With Doug Stokes appeared first on The Daily Sceptic.

Lockdown Skeptics >>

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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