Mexico's Illicit Economy Is Worth $50 Billion Per Year By Shannon K. O'Neil
Jan 31 2012, 10:58 AM ET
Yesterday Global Financial Integrity released a new report, "Mexico: Illicit Financial Flows, Macroeconomic Imbalances, and the Underground Economy," which provides an in-depth look at flows of illicit money from Mexico. The study finds that nearly $1 trillion in illicit capital left Mexico from 1970-2010, averaging about $50 billion a year this past decade.
---> The report's most interesting finding is that this illicit capital is not necessarily or mostly drug money. Instead it comes from Mexico's large underground economy.
MF Global Lowered European Risk in August, Stockman Says
By Silla Brush and Phil Mattingly - Jan 31, 2012 5:06 PM MT
MF Global Holdings Ltd (MFGLQ)., the broker that filed for bankruptcy last year and saw as much as $1.2 billion in *client funds go missing*, began limiting its positions in European debt three months before collapsing, according to Michael G. Stockman, the company’s former chief risk officer.
Stockman said in testimony prepared for a U.S. House hearing on Feb. 2 that he warned the broker’s board of risks to the company’s bets on European sovereign debt. He told the company’s senior management in July and the board in August of higher default and liquidity risks to the trades.
On its pages, over four hundred years of Canada-U.S. history come to life in clear, vivid language, from the founding of Canada to the North American Free Trade Agreement (NAFTA). In a gripping and powerful way, The Fight for Canada sketches the early invasions of Canada from south of the border — in 1690, 1711, 1775 and 1812 — as well as the famous free trade elections of 1891, 1911 and 1988.
Orchard tells the stories of the Avro Arrow, the Hal Banks led busting of the Canadian Seamens Union which resulted in the dismantling of Canada's merchant marine, the construction of Canada's railroads, the CBC, the Canadian Wheat Board and more, and probes the legacy of John A. Macdonald, Georges-Étienne Cartier, Louis Riel, Henri Bourassa, Pierre Trudeau, John Turner and others. He explains the evolution, content, economic and political effects of the Canada-U.S. Free Trade Agreement (FTA) and NAFTA, provides a primer on the Meech Lake and Charlottetown constitutional accords, and considers what lies ahead for Canada. www.davidorchard.com/online/2do-index.html
Post by rio barrack on Jan 31, 2012 19:08:53 GMT -8
Monday, January 30, 2012 CIDA doles out corporate welfare to mining giants A couple of months later in January 2011, Bev Oda, Minister of 'Not Kairos' and International Cooperation, acknowledged that Canadian tax dollars were subsidizing mining companies' CSR (corporate social responsibility) projects through CIDA - half a million to Barrick Gold, another half million to Rio Tinto, etc etc up to a total of $50-million for the year. creekside1.blogspot.com/2012/01/cida-doles-out-corporate-welfare-to.html
KAIROS Canada www.kairoscanada.org/ KAIROS: Canadian Ecumenical Justice Initiatives unites eleven churches and religious organizations in faithful action for ecological justice and human rights.
Wednesday, June, 13, 2012 - 10:10:40 AM Municipalities concerned about proposed changes with CETA
The City of Waterloo has joined a number of municipalities expressing concern about the Comprehensive Economic Trade Agreement (CETA) being negotiated between the Government of Canada and the European Union.
CETA is a proposed free trade agreement that began with the Canada-EU Summit in March 2004.
But Steven Sachs, secretary with the Waterloo Regional Labour Council, said it would limit municipalities’ ability to promote buy local initiatives.
1960s: Canada helped set up banks in the Caribbean sector (Scotiabank, Royal Bank of Canada). Minister of Finance of the Bahamas also sat on the Board of Directors of the Royal Bank, Sir Stafford Sands. Cayman Islands, Bahamas.
Barbados 1980, signed agreement
1960s to 1980s: 60-90% were Canadian banks. British Colonial Dependencies in the Caribbean.
behind closed doors, business elite, political elite, loopholes, tax havens, transfer pricing, tax information exchange agreements, profit registered in offshore country, tax avoidance, designed to obfuscate figures.
2008, Canada $146billion+ in offshore tax havens, a low estimate, 10s of billions per year in public treasury in lost tax revenue. instead, tax collectors: tips (waitresses, hairdressers).
offshore economy, underground economy
**Alain Deneault is a sociologist at the University of Quebec in Montreal. He is co-author of "Black Canada: Pillage, Corruption, and Criminality in Africa," a book that details well-sourced human rights abuses by the multinational resource companies Barrick Gold and Banro Corporation. The companies have responded with $11 million in lawsuits, aimed at bankrupting their critics with court fees. and the publisher for a total of $11 million.
Mr. Alain Deneault (Researcher, Chaire de recherche du Canada en mondialisation, citoyenneté et démocratie, Université du Québec à Montréal) at the Finance Committee. On February 1st, 2011... Switzerland must not become the tree that prevents us from seeing the forest. The United States, China and the United Kingdom, among other countries of the G20, freely criticize Switzerland but spare their comments with regard to Delaware, Macao, London and a host of other countries that constitute, in the Caribbean or elsewhere, the most controversial tax havens on the planet. Canada does not seem to be an exception among the members of the G20. Within Canada itself, Halifax plays the role of offshore centre in close contact with Bermuda and the City of London, with insurance companies and venture capital firms, a sector that was in the forefront of the 2008 economic crisis, and benefits from major tax advantages. openparliament.ca/committees/finance/40-3/55/alain-deneault-1/only/
On the international scene, Canada appears to be the ally of Caribbean tax havens that have yet in the past been targeted internationally by the OECD, the FATF or the IMF, for instance. Our country, Canada, sits within the bodies of the World Bank next to an array of Caribbean tax havens: Antigua and Barbuda, the Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, St. Kitts-Nevis, St. Lucia, as well as St. Vincent and the Grenadines. One of these countries is under surveillance by the Geopolitical Drug Observatory, and many international criminologists consider several of these countries as clearing houses for drugs coming from Colombia.
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Sept 17, 2013 8:24:45 GMT -8
KS Chua: I noticed someone was waiting in the dark for me on my way home tonight. I believe someone is trying to kill me. -kok SeNg chUA
Nov 17, 2013 13:35:49 GMT -8
Mark Iannicelli: The perps used an acoustic device projecting noise and pretended tobe mafia hitmen and I broke a windshield to get in jail and be safe . I was surgically implanted in New York Long Island's Nassau County jail. Perps hate for you to yell and threaten them.
Dec 13, 2013 18:04:49 GMT -8
Mark Iannicelli: I have had probes surgically implanted and V2K and nobody helps me because these lowlifes pay everyone off or use counterintelligence to disinform the people who try to help me. The perps are Meriwether from Brunswick, Georgia U.S.A. and a Joe Moody
Dec 13, 2013 18:07:32 GMT -8
Mark Iannicelli: The money from the torture and murder that these rednecks are getting here in the United States is from the Dept. of Defense's Office off Ssience and Technolgy, the Dept. of Justice Office of Science and Tecnology, the Dept. of Commerce Office of Science
Dec 13, 2013 18:10:43 GMT -8
Mark Iannicelli: BIuS
Dec 13, 2013 18:11:19 GMT -8
Mark Iannicelli: dEPT. OF cOMMERCE oFFICE OF sCIENCE AND tECHNOLOGY
Dec 13, 2013 18:12:01 GMT -8
Mark Iannicelli: Senator Shelby a Republican from Alabama has appropriated Defense spending for victims to be violated inhumanely with probes that itch , burn, shock and some have Global Positioning Systems (GPS)from companies like Positive I.D..
Dec 13, 2013 18:15:47 GMT -8
Mark Iannicelli: Di HAVE BEEN A v2k VICTIM FOR 23 YEARS AND HAVE TRAVELED THE WORLD WOTH LOWLIFES THAT GET MONEY FOR RESEARCH IN THE FORM OF GRANTS FOLLOWING ME AND TELLING PEOPLE I AM, A COMMUNIST TERRORIST WITH ALQAIDA, HOMOSEXUAL THAT MUTILATES HIMSELF , HITMAN AN MAFIA
Dec 13, 2013 18:18:07 GMT -8
Mark Iannicelli: The United States Constitution is suppose to protect us citizens but in reality it is not woth the ink that it is written in unless you are a millionaire.
Dec 13, 2013 18:19:23 GMT -8
Mark Iannicelli: I will visit you the next time I am in England if you can get the V2K out of my head.You all need to form a V2K Victim Security Task Force and post security at the hospital generators , fire alarms, inside and outside the operating and recovery rooms.
Dec 13, 2013 18:22:51 GMT -8
Mark Iannicelli: In direct conflict with christian ideology I am an advocate of assasinating the doctors and their accomplices that implant victims involuntarily with V2K because I have been tortured for 23 years.
Dec 13, 2013 18:24:23 GMT -8
Mark Iannicelli: The lowlifes when they travel abroad get help from the U.S. State Dept. with diplomatic passports and they always try to get next to the [police with an offer to train them in neighborhood watch and vehicular surveillance and pursuit.
Dec 13, 2013 18:26:34 GMT -8
Mark Iannicelli: Please check out the book The COINTELPRO PAPERS for an understanding how the F.B.I. conducts counterintelligence operations. Can you help me get the V2K out of my head?
Dec 13, 2013 18:28:11 GMT -8