Tuesday, October 13, 2009

Euromoney has a history of backing tyrants....Flaherty is but the latest

Photo: Oswald Mosley and the British Union of Fascists

Euromoney is 70% owned and controlled by the Daily Mail, who have a history of backing tyrants like Flaherty, as follows:

"In 1922 Lord Rothermere acquired control of the Daily Mail newspaper and to this date, Rothermere's descendants continue to control the Daily Mail and General Trust. Rothermere and the Mail were editorially sympathetic to Oswald Mosley and the British Union of Fascists and he wrote an article, "Hurrah for the Blackshirts", in January 1934, praising Mosley for his "sound, commonsense, Conservative doctrine". Rothermere visited and corresponded with Hitler. On 1 October 1938, Rothermere sent Hitler a telegram in support of Germany's invasion of the Sudetenland, and expressing the hope that 'Adolf the Great' would become a popular figure in Britain. Secret British government papers released in 2005 show that Rothermere wrote to Adolf Hitler congratulating him for the annexation of Czechoslovakia in 1938, and encouraged him to march into Romania. Rothermere also purchased estates in Hungary in case Britain should fall to a Soviet invasion. There is a memorial to Rothermere in Budapest. To this date Rothermere's descendants continue to control the Daily Mail and General Trust."

By killing income trusts by employing the totally false and utterly fabricated argument that income trusts cause tax leakage. Flaherty was promoting and preserving the purity o his idea of the “Aryan race”, in this case corporations. Flaherty came to the arbitrary decision that corporations needed to be kept pure from the upstart income trust model, as reported in the Globe on November 2, 2006:

““High-profile directors and CEOs, meanwhile, had approached Mr. Flaherty personally to express their concerns: Many felt they were being pressed into trusts because of their duty to maximize shareholder value, despite their misgivings about the structure. Paul Desmarais Jr., the well-connected chairman of Power Corp. of Canada, even railed against trusts in a conversation with Prime Minister Stephen Harper during a trip to Mexico.”

Notice who is doing the lobbying here. It is the paid managers of these public corporations lobbying the government to act in a way that they KNOW to be COUNTER to the interests of their shareholders, the true owners of these businesses. This is nothing more that corporate manager sabotage, that Flaherty is both too dumb and too willing to fall for and be enjoined by.

So not only is Flaherty a dilettante and a complete tyrant who had ZERO regard for his actions that caused investors to lose $35 billion of their life savings, he is also an impressionable fool, who is easily swayed and manipulated by those with an agenda, in this case those with an agenda to preserve all the abuses that are inherent in the corporate model and motivated by reasons strictly related to preserving their abusive compensation schemes.

Congratulations Euromoney. Once again you’ve put your money and reputation behind a tyrant to the detriment of the people (in this instance) of Canada. Not only did you pick a petty tyrant this time, but you picked a complete fool as well. You are deserving of some type of award yourselves perhaps Tyrant Picker of the Year Award, or perhaps simply the disdain of those, like me, who you are attempting to bamboozle by wrapping tyrants in meaningless awards in order to make them more palatable to the larger public, that they actually disdain, as witnessed by their every action of mindless conduct.

The danger in all of this is that we are dealing with tyrants. The last thing that a tyrant like Flaherty needs is an ounce of validation for his actions, which is bad news for all Canadians who have to live under this tyrant’s regime of Lie Conceal Fabricate, or as a Globe reader observed upon learning of this nonsense Euromoney award:

“What was that sound? The sound of Flaherty going from arrogant to insufferable.”

That said, I think it’s time for Euromoney to retract this ill-conceived and poorly researched award of its, unless it wishes to be known in the image of Lord Rothermere, a promoter of tyrants. Flaherty being the most recent instalment proffered up by Euromoney, to all of our detriment. Euromoney’s included, as pointed out by this Globe reader:

“This won't help Euromoney's reputation in Canada.....I think Euromoney is playing in Canadian politics."


Proud Canadian said...

Give it a rest cause you and your merry band sound like a bunch of buffoons. Why don't you run for the Liberals again. If you win you can still call peoples name in the house of commons like school yard bullies,but this time you would have the national media paying attention to your little name calling games. Don't you see whatever you're doing it isn't working? They're just ignoring you here on this blog. Why stay with the same losing strategy is beyond me. Peace out!

Dr Mike said...

So Proud Canadian , if a policy is a bad one , which this one has proven to be , we should just live with it.

Just because the malaise in Ottawa does not allow any one to care , we should just live with it.

Even the Conservatives realize this policy , as it was set-up , was not done in the most efficient way--grandfathering existing trusts with no growth restrictions of those same trusts would have saved the small investor--it would have cost the gov`t nothing.

It would have been different if this policy was required in the first place but the claims of tax leakage proved erroneous.

As another proud Canadian , it is my right to raise these issues.

Dr Mike Popovich

PS---how about supplying me with a name behind the anonymity---running around in the shadows reminds me too much of the bed-sheet brigade in the southern US.

If you are so deeply convinced of what you say , then anonymity is nothing more than a way to save face.

I have no patience to those who hide like this.