While Donald Trump and Kim Jong Un are playing double-or-nothing with the survival of Koreans, Trump’s billionaire sugar-daddy is taking advantage of political upheaval to attempt a seizure of one South Korea's major employers: Hyundai Motor. Paul Singer, known as The Vulture, is mounting an attack on ...more
There are two dangers in the media howl over Trump’s computer gurus Cambridge Analytica, the data-driven psy-ops company founded by billionaire brown-shirts, the Mercer Family. The story is that Cambridge Analytica, once directed by Steve Bannon, by shoplifting Facebook profiles to ...more
There are two dangers in the media howl over Trump’s computer gurus Cambridge Analytica, the data-driven psy-ops company founded by billionaire brown-shirts, the Mercer Family. The story is that ...more
Progressives should not be cheerleaders for the FBI when it shaves the truth, even if the bureau is now portrayed as Donald Trump's enemy. This is, after all, the FBI infamous for the wiretap of Martin Luther King Jr., the broader COINTELPRO operation, and, recently, smearing ...more
By Greg Palast with Dennis J. Bernstein
When the FBI applied to the rubber-stamp FISA court for a warrant to surveil Trump associate Carter Page they were more than a little economical with the truth. Basing their warrant request, in part, on information contained in the now-infamous Fusion GPS dossier, they omitted to mention that …more
The FBI should have disclosed to the court that the Steele dossier was originally paid for by Paul "The Vulture" Singer — who has a record of creating what James Comey himself calls "salacious and unverifiable" files on his enemies. I know, Singer created a dossier on me.
Apparently, it claimed fantastical sex and ethics nonsense ...more
By Greg Palast for Truthout
A napkin can be a dangerous thing in the hands of fools. Especially when the D students sit in the Oval Office.
President Donald Trump’s mind-blowing $2 trillion tax cut, according to his Treasury Secretary Steve Mnuchin, “Will pay for itself with growth.”
The storied economist John Maynard Keynes once said, “Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.”
The scribbler, in this case, is my old professor and mentor, Art Laffer. Famously, he did his scribblings on napkins, a corollary of his addiction to greasy cheeseburgers.
In 1974, over burgers at the University of Chicago student grill, he scribbled a curve on a napkin, illustrating a curiosity: the higher the tax rate, the lower the total tax collection. Or, turned around: a cut in taxes can pay for itself.
But, alas, Art told me, this economic magic trick only works …more
by Greg Palast for OpedNews
When RyanCare-TrumpCare finally ended up face-down in the swimming pool, triumphalist Democrats whooped and partied and congratulated themselves on defeating the Trump-Ryan monstrosity.
But deep in their counting house, counting their gold, three brothers cackled with private jubilation.
David and Charles Koch knew the day was theirs.
Joining them in the celebration was Brother Billy, William Koch, who will share in their $21 billion windfall that the President arranged for them only hours before TrumpCare crashed—when Trump announced his State Department had formally approved the Keystone XL Pipeline.
Let’s start with that $21 billion.
The XL Keystone Pipeline would take the world’s heaviest, filthiest crude from Canada’s tar sands, and snake with it all the way down to Texas.
In fact, Texas is drowning in oil, choking in it. But the Kochs’ Texas refinery can’t use much local crude. The Koch Industries Flint Hills refinery on the Texas Gulf Coast was designed specifically to crack only the world’s “heaviest” (i.e. filthiest) crude.
Texas crude ain’t heavy enough, ain’t dirty enough, for the Kochs’ Gulf Coast operation, originally designed for imports for the world’s major source of heavy crude: Venezuela. The price the Kochs paid for Venezuela’s oil was set by its President Hugo Chavez, and now, by Chavez’ chosen successor, Nicolas Maduro.
Chavez and Maduro both told me they’d squeeze the Kochs by their tankers. They have.
Enter the Mounties: Canadians sell their super-heavy crude at a $12 to $30 a barrel discount to the Venezuelan price. If the XL Pipeline is complete, the Kochs can suck down Canada’s cheap cruddy crude for a minimum savings of $1.27 billion in a single year.
The Kochs pocket billions while we fry: burning the Canadian tar sands reserve will, all by itself, raise the temperature of the entire planet by 0.7 degrees Fahrenheit.
Over the life of the XL Keystone Pipeline, the various Koch operations will put at minimum …more
[Greg Palast has investigated Paul “The Vulture” Singer for BBC TV and The Guardian for the last 9 years.]
Paul Singer, known as The Vulture, won a $4.65 billion payment from Argentina — nearly ONE HUNDRED TIMES his “investment” of $50 million in old Argentina bonds. It was, in finance speak, the most successful “vulture attack” ever.Singer’s actions are outlawed in most of the civilized world. Hillary Clinton, as Secretary of State, attempted to stop Singer’s predatory act, but Singer did a brilliant end-run: he used his cash to help elect a new President in Argentina that would jump to his tune and pay him billions.
Now, he’s attempting to do the same to the USA: pick a president for us who will feather his vulture’s nest. He’s the number one donor sugar daddy for Marco Rubio’s candidacy [See, “Who Hatched Rubio“]. Singer is also the big bankroller of Karl Rove, to make sure that, even if he can’t sell Rubio to the GOP base, at least The Vulture can use “Turdblossom” Rove to ensure that Hillary won’t become President and put him out the of vulture business.
Rubio, in fact, skirted some ethical lines in his attempts to pressure the State Department to side with his corpse-chewing donor against Argentina.
As I’ve said, Singer directs his fellow billionaires’ investments in candidates. So, it is not surprising to see The Koch’s lend their top …more
HuffPo reports that former Republican Presidential nominee Mitt Romney will endorse Senator Marco Rubio. Why? The answer is: the financier known as The Vulture, Paul Singer—donor Number One to the GOP—and top sugar daddy to the Rubio campaign.
Back in 2012, we broke The Nation cover story exposing how Singer, Mitt Romney’s finance chair, secretly stuffed the “blind trust” of Ann Romney with up to $115 million. For $115 million, a politician will wash your car — with his tongue. So, of course, Mrs. Romney’s husband will endorse the Vulture’s choice. Blind trust=blind endorsement.
More to come on Singer candidate shopping spree in our upcoming movie: The Best Democracy Money Can Buy.
You can read more about the Vultures here:
* * * * *
In 2016 Greg Palast will be releasing his new feature film The Best Democracy Money Can Buy—A Tale of Billionaires and Ballot Bandits, which includes his award-winning investigation Jim Crow Returns.
Greg Palast is the author of several New York Times bestsellers including The Best Democracy Money Can Buy and Billionaires & Ballot Bandits, Armed Madhouse and the highly acclaimed Vultures’ Picnic.
Make a tax-deductible donation and support our ongoing investigation into voter suppression.
The big boys are confident that Sen. Marco Rubio has locked up the Republican nomination. But who’s locked up Rubio?
I called my bookie in London. The betting professionals were not surprised at Marco Rubio’s big Iowa showing. The smart money has been on Rubio since October 31–despite the fact that Rubio was polling at just 9%.
Paul Krishnamurty, politics odds analyst at Betfair.com, told me that, among professional betters, over just two days, Rubio soared from zero to odds-on favorite to win the GOP nomination.
Why would the guys who bet the rent money place it all on Rubio—and what suddenly changed on October 31?
Because, despite the fact that 9 of 10 Republicans rejected him, on Halloween, Rubio won the only vote that counts: The Vulture’s.
It was page one news in the New York Times: Paul Singer, Influential Billionaire, Throws Support to Marco Rubio for President.
I’ve been hunting Singer, AKA The Vulture, for nine years across four continents. And now the carrion-chewing billionaire has decided who will be your next President.
The Vulture, not the Kochs, has become the Number One funder of the Republican Party. The Vulture’s blessing signals to the other billionaires where to place their bets.
Singer doesn’t “donate” to candidates. He invests in them. And he expects a big, dripping return on his money.
But why Rubio? Because Singer’s little hatchling is doing The Vulture’s bidding already. Singer has launched a murderous financial “vulture” attack on Argentina. Singer is shaking down the gaucho nation for $3 billion.
Here’s the story. Decades ago, Argentina’s military dictatorship issued bonds that sucked the nation dry. When democracy returned, 97% of the banks that had funded the dictatorship agreed to take …more
The untold story of the sources of the loot controlled by Paul “The Vulture” Singer and why he needs to buy the White House
by Greg Palast
Greg Palast has been investigating Singer and other finance vultures for BBC Television’s Newsnight.
It’s out of the closet –– or, more accurately, out of the coven. The list of the billionaires who have given at least $2.5 million to Conservative Solutions, the pro-Rubio Super PAC, is headed by Paul Singer. Singer and his hedge fund crew at Elliott Associates, with their donations to the Republican National Committee and other “independent” groups like “Solutions”, makes it likely that Singer is now the top funder for the GOP.
For BBC-TV, I’ve been tracking Singer for nine years. And this is the key fact you need to know about the man whose cash would pick our President: Paul Singer likes to breakfast on decayed …more