Sunday, May 23, 2010

INVEST IN MED, GREECE FOR SALE and TIAA-CREF


My previous post just below highlighted Beirut's Arab Economic Summit juxtaposed with Greek strikes and Greek PM Papandreou's sickening, ridiculous supplication for Arab, Chinese and any other private investment at Beirut's Economic Summit.
Why Papandreou did not get down on his knees, prostrate himself and kowtow I do not know.
Or, perhaps, appear with tin cup in hand and don a sign reading;
"Country/Greece for Sale."
I might add, to the highest bidder.
And, of course, a proposed, scheduled Arab/Middle East Common Market/Free Trade Zone and currency.
Next, a scheduled, upcoming "Invest in Med" Conference, I do NOT invent these names, for June, 2010 which appears to be delayed, postponed.

Various reasons given for the delay.
I have my own ideas.
Recall my former post on Union for the Mediterranean, or, Club Med, or, more to the point, Invest in Med:

HERE

http://karlmarxwasright2.blogspot.com/2010/03/union-for-mediterranean.html

AND, in my post immediately BELOW, I included a link reporting that Turkey's NAZI AKP Erdogan, "who passion is to sell state enterprises," arrived in Greece with a large entourage accompanied by approximately 100 businessmen:

HERE

http://finance.yahoo.com/news/Greece-woos-China-Arab-apf-3463736339.html?x=0&.v=2

That number jarred my memory.
I recollected a previous post I did, an excerpt from a WSJ 1997 article.
So, to refresh everyone, here it is:

HERE

http://karlmarxwasright2.blogspot.com/2008/11/turkey-faces-political-turmoil-from.html

Back here, in the insecure Homeland of the good ole, greatest United Suckers and Assholes country on the planet, our Fascist led labor unions, despite ALL pretense, noise and smoke to the contrary, are PARTNERED in the above joint venture through their PENSION FUND INVESTMENTS.

As an EXERCISE, ILLUSTRATION a friend gave me a brochure, "Prospectus," she received the other day in the mail from a large, well known, institutional umbrella pension fund, TIAA,
its acronym signifying "Teachers Insurance and Annuity Association of America," also known as TIAA-CREF.
ALL "Trustees and Officers" listed on TIAA's Prospectus incestuously are associated, affiliated, overlapping with major private corporate, investment, institutional and government names.
I'll pick ONE name out of a bunch to highlight from the Trustees/Officers list because he is a "member of President Obama's Economic Recovery Advisory Board."
He is
Roger W. Ferguson, Jr.
If you wish, you can peruse the TIAA-CREF website further to read about other names and their investments:

HERE

http://www.tiaa-cref.org/public/about/press/management/executive_bios/ferguson_roger_w.html

And, here's a bit more info to flesh out the otherwise stingy, small snippet provided about Ferguson above:

HERE

http://en.wikipedia.org/wiki/Roger_W._Ferguson,_Jr.

Since TIAA-CREF's website is so extensive, here's an "Overview."
Both Ferguson's bio, above, and Overview, below, describe TIAA-CREF ACCURATELY as a FORTUNE 100 FINANCIAL INVESTMENT CORPORATION.
No if, and, but, ambiguities about whom and what they are/represent:

HERE

http://www.tiaa-cref.org/public/about/press/about_us/overview/index.html

The point of this EXERCISE is NOT to isolate Ferguson, or, TIAA-CREF, as unusual, isolated.
Just the opposite.
He/they represent organized labor's NORM.
We also have CALPERS, the nation's largest, representing California Public Employees Retirement System, present at JP Morgan Chase Annual Shareholder meeting in NYC last week since they are amongst Morgan's MAJOR institutional investors and clients.

So, that is WHERE AND WITH WHOM organized labor's FINANCIAL interests intersect and their pension fund incomes emanate.
No amount of empty rhetoric, knee jerk jargon, apologists, Kabuki style theatrics or obscurantist politics can change this underlying, existential, contradictory, FACT, REALITY.
An expression exists, "you vote with your feet."
To paraphrase, "you vote with your BLOOD money."
It's an entirely mundane, terrestrial, not ethereal, proposition.

Likewise, the above for EVERYONE, EVERYWHERE else, from the Middle East, Africa, Asia, Europe, Russia to Latin America, across the globe.

No comments: