When I lived in a tiny yurt in Jackson Hole, Wyoming (1985-2002), and witnessed that beautiful wild valley begin to Aspenize into giant, “tasteful,” stone and old timber homes set back on large private acreages in gated “communities” circulated with sleek, black SUVs, I always wondered why people would so publicize their privilege. For, I thought to myself, and muttered to other Subaru-driving peons, doesn’t enormous wealth always imply enormous crimes, whether ethical and/or legal? Isn’t that the very essence of predatory capitalism?
Oh, but wait! Of course what we now identify as the 1% would publicize their “status” by showing off their material “goods.” Why not? They are sociopaths. They don’t care what us little people, the “useless eaters,” think of them.
I wouldn’t have been able to write the above paragraph when I lived there. That kind of utterly jaundiced perspective has sunk into me only within the past few years.
Romney’s predatory Bain Capitol is a good example. Most investigations have focused on how Bain gobbles up small companies for a pittance, spits out their employees in the interests of “efficiency,” then sells them for enormous profit to benefit “investors.” but then Gordon Duff’ upped the ante, with a post on 10/15/12 in Veterans Today outing Romney as a drug-money launderer:
Now Duff says his piece echoed an LA Times story from July. But because the label “drug-money launderer” was not used, the story didn’t spread.
October 17, 2012
by Gordon Duff
Back in July, the Los Angeles Times — not VT, Infowars or Truth Jihad Radio — broke the story that Mitt Romney is a drug money launderer.
How did we all miss this story (Until John Hankey and then Gordon Duff picked it up).
Mitt Romney made his fortune rolling in druglords’ C-notes.
Maybe it’s because the Times story never comes right out and says “drug money laundering.”
It doesn’t have to.
What the Times article does say translates directly and unambiguously as DRUG MONEY LAUNDERING, in caps, exclamation point. According to the Los Angeles Times, Romney’s company, Bain Capital, “paid out a stunning 173% in average annual returns over a decade.”
“Stunning” is not the word. “Criminal” is more like it.
Bernie Madoff was arrested and went to jail because he was paying 10% annual returns. That’s how it came to light that he was running a criminal enterprise. You just cannot possibly pay 10% returns consistently, year in and year out, with legitimate investments. Never happened, never will.
Ponzi schemes sometimes pay as high as 20% – and soon collapse, and the perps go to jail.
But a 173% annual return is far beyond the range of the craziest, most short-lived ponzi scheme.
Romney wasn’t running a ponzi scheme. He was running a drug money laundry. His clients, the Times explains, were shady characters from Panama.
Here’s how it works:
A druglord hands Romney, a.k.a. Bain Capital, ten million dollars in cash. Romney puts it on his books as a one million dollar investment in Bain Capital.
At 173% interest, it only takes Romney a few years (officially) to return ten million laundered dollars to the druglord.
When the druglord is asked where he got his ten million dollars, he explains that he made a lucky investment with Bain Capital. And he has the papers to prove it.
Getting caught paying out an average 173% interest over ten years is like getting caught with a hundred pounds of cocaine. If you’re busted with a hundred pounds of cocaine, the presumption is that you’re dealing. If you’re caught paying 173% interest, the presumption is that you’re laundering drug money.
Romney, you are SO BUSTED.
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