Fox News Host Tucker Carlson blasts Wall Street billionaire, Paul Singer, and shows how hedge funds, like Singer’s Elliot Management Fund, have destroyed American small towns and economies in their quest for quick profits. Carlson explains how hedge funds, like Singer’s Elliott Management company, have made billions by buying large stakes in American companies, then firing workers, driving up short-term share prices because of their improved balance between revenue and expenses, and then selling out quickly before the companies collapse. In some cases, they even take government bailouts.
To clarify how this works, Carlson presents a case study in Sidney, Nebraska that was home to the headquarters of the mega-sporting goods store Cabela’s. After buying a stake in Cabela’s, Singer pushed the company to sell, despite the company’s profit of more than $1 billion a year. One year after Singer entered the equation, Bass Pro Shops announced the purchase of Cabela’s. This news caused the the company’s stock price to surge. Within one week, Singer cashed out with a profit of at least $90-million, but 2,000 workers lost their jobs and the economy of the town was destroyed. -GEG
Fox News Host Tucker Carlson dedicated a segment of his show Tuesday night to torching the Wall Street billionaire Paul Singer. Carlson’s show featured an investigation into how hedge funds, like the the one Singer manages, have destroyed American towns and economies for the sake of lining their pockets.
Carlson described how Singer and his hedge fund Elliott Management has made billions of dollars from their style of “vulture capitalism,” exploiting financially distressed countries and American companies.
“Elliott Management has made billions by buying large stakes in American companies, then firing workers, driving up short-term share prices, and in some cases taking government bailouts,” he said.
This 4-minute video excerpt focuses on what Mr. Gates thinks the future will hold following the Covid-19 pandemic, which was underway at the time. Mr. Gates is an oligarch with the money and power to make things happen globally. What he sees for the future has a good chance of coming to pass.
Approximately one-third of the entire population of the globe now is under some sort of a lockdown order. A few are able to work at home, but the vast majority are forcibly unemployed. Many small businesses will not survive the folly of their leaders, and the number of homeless will drastically rise.
Projection for COVID-19 infections is about one one-thousands as severe as for the common flu. [1-billion infections of flu compared to approximately one-million infections of COVID-16.] In other words, the common flu is a thousand times more dangerous than COVID-19.
Chicago Mayor Lori Lightfoot threatened fines and arrest for people who defy her stay-at-home order. She said that outdoors is only for brief respite, not long long exposure. The mandate that carries a $500 fine, if violated once. Repeat offenders will be arrested. This is the face of martial law.
The web site for CovidActNow, that is being used by media, state governors, local leaders, and county judges as a reason to quarantine, says: “this [computer] model is designed to drive fast action, not predict the future.” [In other words, the predictions are propaganda, not science.]
Scientist and Imperial College author Neil Ferguson several weeks ago warned that the coronavirus would kill 500,000 people in the United Kingdom. He now says that, if all goes as expected, the death toll will be 20,000 people or fewer. Ferguson has tested positive for COVID-19 and is not expecting to die.
National Economic Council Director Larry Kudlow announced the total coronavirus relief package will come to around $6-trillion, with $2-trillion in “direct assistance” to Main Street and “roughly $4-trillion in Federal Reserve lending power” for Wall Street.
These experts’ concerns include: the fact that the destruction of the economy will cause more deaths than the coronavirus, there are no scientific standards for testing for the presence of the virus, most deaths are only in the elderly population, and more!
The mayor said that water and power would be turned off for nonessential businesses to force them to close. He called the businesses that have yet to close “irresponsible and selfish.” While small business owners are fighting for economic survival, the Mayor enjoys a handsome salary with no interruptions or reductions.
Federal Reserve Chairman Jerome Powell cut interest rates to zero, launched unlimited quantitative easing (money creation), has committed to buy $1-trillion in Treasury Bonds and mortgage-backed securities, and municipal bonds. All this adds up to a death warrant for the American economy.
India’s economy has come to a screeching halt as residents in 75 districts across the country, including in major cities, such as the capital New Delhi, Mumbai, and Bangalore have been forced into mandatory quarantine by the government until March 31.
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Hedge funds, globally, are in a financial tail spin, and many have already blocked investors from withdrawing their money. True to form, the Federal Reserve is preparing to infuse these firms with super low-cost loans that will help to bail them out – at taxpayer expense, of course.