Tag Archives | Rockefellers

Rockefellers Selling Fossil Fuel Investments, Buying ‘Clean’ Energy Assets

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John D. Rockefeller

If the archetypal American oligarchs, the Rockefellers, are divesting themselves of fossil fuel assets and replacing them with so-called clean energy assets, have we moved past a tipping point or is it just propaganda? From BBC News:

Heirs to the Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy, reports say.

The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than $50 bn (£31 bn) in fossil fuel assets.

The announcement will be made on Monday, a day before the UN climate change summit opens on Tuesday.

Some 650 individuals and 180 institutions have joined the coalition.

It is part of a growing global initiative called Global Divest-Invest, which began on university campuses several years ago, the New York Times reports.

Pledges from pension funds, religious groups and big universities have reportedly doubled since the start of 2014.

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Silver, But No Silver Lining

By Robert Singer

The end of our consumer society is on the horizon, which should be no surprise to anyone who took Economics 101. Do we really expect to spend our way out of this mess by buying and selling each other useless cheap stuff from China?

As the financial collapse gathers steam, gold and silver oracles like Butler, Friedman, Morgan and Turk who have been predicting for years the launch of the price of silver to the moon will see their prophecy fulfilled, but a celebration is not in order.

Being wealthy during the last 60 years of unprecedented prosperity at the expense of the Third World and the environment is one thing, but profiting from a bull market in silver when millions of hungry Americans are living in tent-cities next door is quite another.

A default at the Comex that will ignite the explosion in the price of silver and gold is in progress.… Read the rest

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2008 Financial Collapse: An Inside Job

By Robert Singer

Maybe it’s the smoke from Mt. Vesuvius that keeps Arianna Huffington and the financial community from seeing that the economic collapse has nothing to do with the Fed “missing” the warning signs leading up to the October meltdown.

“Things do not happen. Things are made to happen.”   John F. Kennedy

The Fed didn’t miss anything; the October meltdown was an inside job.

Capitalism never made sense

Professor Ebeling, the Ludwig von Mises professor of Economics at Hillsdale College, understood something was wrong when he wrote: “the perverse development and evolution of historical capitalism, the institutions necessary for a truly free-market economy have been either undermined or prevented from emerging.”

But when he claimed, “it is the principles and the meaning of a free-market economy that must be rediscovered” in order to overcome the burden of historical capitalism and save liberty, he should have written that principles must be rediscovered in order to prevent the planet from attempted murder (ecocide).… Read the rest

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