The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
TelAviv update. The £billion pound Uranium mine was stolen by Peter Melissa Steinepreis JSS Medvedev on behalf of us and Russia by misrepresenting it, hiding valuable data fraudulently, not explaining properly , and refusing to raise capital in market. Theft relied on gang and maintaining control of company .
Let them off hook by not calling EGM before theft/delist but can't help trusting. But these people by their actions have shown themselves to be such outright congenital liars that the truth of the theft is beyond doubt
Have all not got off with main asset yet
Maybe you shouldn't have sent crooked business people and networks around the world Vlad. Worse than ours? Director + friend on renum committee = massive transfer of unfair misdirected* austerity taxes into own pocket
* Are we all now agreed that as I modelled in 2003 that would have been better at least half had gone on green energy all paid for and built and cheap.
No let's run everyone's noses in landlord power , rights and enshrined importance in society. Or right to be total numbskulls.
Austerity 1-2-3 trillion. New nuclear power station 20billion for 7% UK electricity come rain wind snow. Build 5 back in 2008. Who cares if Vlad turns off the gas
Up yours British lack of intelligence
The investment community should not tolerate the abuse of self awarded unearned bonuses AFTER a whole industry has been rescued humiliatingly and tragically* by the tax payer.
* Green energy infrastructure should have been built but tax avoiders, property unit investors, their lawyers and advisors etc ( who do so well from servicing this sector) made sure all the countries money was diverted to save them and their little game. I don't mind they have this game BUT to make it the only one on town is criminal and stupid for all of us. Austerity was a collosal robbery. Biggest ever. Hmq and big landlords increased wealth massively at expense of doing right thing, and bankrupting those trying to do right thing. Should be ashamed not celebrate
The arch corrupt JF and DJ here awarded themselves bonuses after their system and way of life was rescued by cruel massive Austerity Taxes, £1-2-3 trillion. Usually a bonus is for doing something clever. Usually directors do not award themselves bonuses for no reason or especially after tax payer is crushed for their benefit.
When I see HM smirking like Cheshire hamster and crown estate paying themselves bonuses it's all part of same apolitical scam.
Money that should have built green energy infrastructure was stolen. Actually from pre 2008/9 when I for one modelled why we should be building energy.
The crooked tax avoiding establishment have just used austerity to boost their assets ,at same time massively reducimg tax payers assets/prospects at circa 50% year on year rate ,,(see previous). This isn't political because TB is tax avoider as are probably DC and GO.
The problem is JF and DJ and others across many sectors think they deserve huge payout for leaving country and its people much worse off and weaker. They can't actually make what we need because they are all fingers and thumbs ! So they steal from own people instead
Looking forward to fines Gunn and Barbie will have to pay into my pocket after their fraud against shareholders at listing and directly after, when they both together contrived to illegally regain majority control using a hidden prearranged plan, induced considerably losses to me.
Lenigas was also duped by these two. They are part of a certain countries network of highly dubious tax avoiding business people who follow no rules and seem to be fully supported by the ignorant numb skull medieval nits in whatever homeland they have.
Wiscos I think the abuse of tax payers is so obscene here* (and across few other sectors) that all right thinking investment managers should desist from recommending this company -PSN specifically- until JF and DJ return their austerity made and wickedly awarded bonuses back in entirety and plus interest and fines.
:::To mirror the interest and fines I had to pay to RC because of austerity. Me who never asked one penny off state and paid full taxes:::
Deliberately dropped HM from RC because I think clarity is needed. Was in favour of austerity ? or was mislead by DC and GO? ( As non tax payer who had asset prices rescued by austerity and at expense of green energy infrastructure that should have sensibly been built at that time for sale of country and by grace of sound captaincy).
.....Forcing into rental accommodation.
This is a further 10-20 financial disadvantage.
Conclusion: you can argue that austerity have a 50% year on year advantage to tax avoiders. It also cancelled green energy provision. It negatively affected the prospects of many children. It should be reversed. Tax avoiders assets paid into European treasuries and green energy infrastructure built. Illegal bonuses returned plus interest
This share is proof that establishment are crooked. JF saw this and wrote his bonuses because he figured nobody would come after him due fact would shine light on massive abuse of tax system.
Let's run through it.
Tax avoiders are immoral people who gain a 20% minimum competitive advantage every year over tax payers.
Property prices were rescued from oblivion via extra austerity taxes loaded onto tax payers. This results in a further 10-15% competitive disadvantage over tax avoiders.
Establishment got extremely average stooge politicians chosen and groomed to rubber stamp it.
They crookedly valued their own property assets higher than building a strong green economy with inbuilt social mobility via cheap energy.
JF and others now write their bonus schemes chronologically and fully aware of what they are agreeing to-
The pushing lower of the tax payers , lowering of their standards and rewarding those who willingly hold back progress and endanger security.
The lowering of standards for tax payers is further reinforced by the provision of minimum standard housing with no facilities given go ahead by councils told presumably by the building industry lobby that it's not their place to get involved but it is their job to build of bridge or pavement to supposedly convey residents to a facility.
To further rub in crazy system tax avoiders from all round world are encouraged to invest in multiple units to support prices and push tax payers lower into rental.
British law totally support s tax avoiders. What a sad waste of talent that could have built great future. My generation!
The silence from establishment and bankers to me proves guilt and ingrained immorality.
I'm trying to work it out but it seems bankers and lawyers will fall over themselves to better represent tax avoiders because quite simply they pay handsomely. This group is over representative via political system . It was main driver in disgrace of austerity taxes
It's off scale unfair (breaks taxation principles) that tax avoiders get assets bailed out by tax payers. Builder directors (and other sectors) basically saw this behaviour from 'higher ups' and said to themselves 'give me some of that' and wrote themselves crooked bonuses(see previous explanations).
We are told at elections that financial sector is 15% of economy. So why does rescuing property prices via complete rescue of bank loans/banking system swallow up '1015'%!!! of tax payer finds and future taxation leaving absolutely ZILCH for provision of green energy infrastructure, which should have been built, payed for and now operational decade ago.
Conclusion tax havens need closing down, back tax all avoiders, force return of crooked bonuses. This gives more than enough to start vital green energy building.
I don't think any of us want instability of climate change to increase arms sales and risk of conflict over something that can easily be solved and paid for.
Imo European countries should start looking for new royals from pool of landlords who do not avoid tax .
Posturing against Russia and by them is absolute nonsense. It is vast country with relatively tiny population and entirely reasonable people just like us. So why are we letting bankers and legal dunces use our tax funds to boost their own prominence in society and world to point where they build nothing and make world more dangerous.
Just because they are basically too stupid to build , invent, invest properly doesn't mean they have to cowardly drag us all with them . What is so special about the tax avoiders they idolise? Easy money and great parties??
I have been talking about the bully JF and so many many directors across many sectors paying themselves bonuses following the highly unfair , illegal , crippling austerity taxes which served to rescue completely all banking assets, loans , AND PROPERTy PRICES. At this point JF and many others realising their companies were saved because their properties would now be sold profitably , responded by immediately writing themselves bonus plans. This is cynically corrupt. It is morally illegal****. It is poor brained because austerity should not have rescued their assets completely OR with no claw back clauses to return money to tax payers .
What I wanted was to build the green energy infrastructure. All the money , and I mean all of it for decades was stolen. When you add in that the property assets rescued across board are often in hands of tax avoiders incl HMQ it looks even more like a thoroughly rotten deal , abusive deal for tax payers and for their future and the future economy.
What is depressing is that establishment do not do right thing at right time. They are bad leaders. Whole attitude is reminiscent of 'gentlemen and players' situation that used to be prevalent in sport. Did establishment do best for country post 2008/9. Did they preferentially bail out property assets and make sure they suffered no losses. Did the losses transfer to tax payers from tax avoiders. Are establishment the most talented we can find to run economy ( definitely not imo). Would establishment really ever get stuck in to position economy correctly, lead by example (definitely not imo). Would establishment ever suffer fair losses to their property portfolios (no imo). Do they understand that building the green energy infrastructure from 2003 at least onwards , and it now being built and paid for would have been much better for EVERYONE (no they don't understand that imo) .
The establishments idea of an economy is they pay nothing, invent nothing, have assets that never fall in value, never build anything, push losses they would have had onto tax payer.
Then get intellectual creeps to try and muddy waters and go off to 'the restaurant' or wherever giggling.
It's gentlemen and players and thoroughly bullyingly corrupt
*** The point of crispy creme is that the move is in the direction that the bully JF and others who took bonuses(huge cynical tax payer abusive bonuses) will be judged to have acted illegally. About time I say.
Crown estate admin have also paid themselves bonuses. And lots of other business leaders
how long does it take to act on the most cynical abuse of the tax payer post WW2 by poor brained cynical immoral director cheats , ftse 100 directors no less who act like gangsters
https://www.irishtimes.com/business/from-krispy-kreme-to-newbridge-silverware-the-companies-paying-dividends-while-on-taxpayer-covid-subsidies-1.4756964
I know thats covid but the principle is the same. (1)Rescued by tax payer, (2)ignore tax payer hardship or what else definitely should have been done with the money/future national debt/ future resulting inequality , (3)Pay themselves bonuses
no statements from any groups they are memberes of (all is fine?)
Can we have statement from HMQ as exactly how austerity taxes to rescue her own and other landlord property prices and portfolios has helped the country, the economy or shown a direction that would help world stability. I paid extra 100k tax and fines and would much rather have built cheap green energy which could all have been finished and fully paid for by now.
Not only hasn't this been done but we have been insulted to the core by builders, bankers, insurance co.s, builder supply executives all paying themselves UNEARNed , undeserved bonuses on back of austerity.
We also see the calibre of the politicians who rubber stamped it all, and some of their clear biased links to who got rescued/bailed out. We also see clearly that democracy at the moment makes sure that the people are not asked which they would rather do or have done. Rescue rch landlord portfolios in entirety or build and have paid for the green energy infrastructure and let landlords/property holders suffer fair losses (or lost assets go to state ownership so could be borrowed against and austerity avoided all together)
Which would have been better choice?
What about the fraud at listing as described before. Nomad knew said nothing. Gunn and Barbie took back complete control of co after listing by deliberately cancelling the promised dividend and stagnating Share price so could pretend to buy out someone at cost who supposedly supported listing on own account . This was all arranged before hand because it happened do quickly after listing showing they always intended to have the option of screwing shareholders later with complete majority control. The listing was only I presume to get licenses or access to markets. It was not a growth co therefore to be promoted to prospective UK shareholders. All advisors knew this. All profits would be paid to the inner circle. All shares would be mopped up at ultra low prices. The promise of a growth company that might use its valuable banking licenses to grow investor funds and challenge banking sector was never going to happen.
I think Lenigas discovered this afterwards. These people if they are allowed a way to cheat take it with both hands. Barby must essentially be a director. He and Gunn act together but it was essential B looked like a shareholder so could buy back the arranged stake after listing.
I honestly don't know where these people come from....
Maybe it's because it is illegal to put all austerity money into rescuing property prices , AND directors across board pay themselves off scale bonuses. Maybe it's illegal to build without facilities. Maybe it's illegal for tax payers to rescue assets of tax avoiders (hmq incl) . Maybe it's illegal to put in place TB or DC and GO who convert democracy into rescuing the landlords. Maybe it's illegal bankers didn't go bankrupt. (Fred definitely should but got super pension instead). Maybe it's illegal a whole generation of politicians didn't plan and implement green energy. Is Rupert tax avoiding too. Dyson was only accepted as gentleman when he started it apparently. Maybe that's enough illegal for HMRC to be turning attention to or is it sufficient for them to say ' contact your MP'. Actually I'll call it corruption
What happens to broken promises at listing and pre meditated plan by Gunn and Barby to stagnate Sp and take back majority holding straight after listing. Am having trouble with J people over at URA but don't want to get involved for obvious reasons. But need other J people to intervene and self regulate. Fast, faster than Weinstein's or Madoffs or Blankf. Is this possible?
Spot on. Modelled it all back in 2003 and had slob from lack of intelligence blowing smoke in face saying who's going to publish it. Then 2008/9 bankers and their beneficiaries the landlords, builders, property investors, got their puppet public school pinbrains to levy austerity and cancel progress . Hmq was direct beneficiary. Tax avoiders were direct beneficiaries. The model predicts that democracy cancels if energy is not shared down . At moment it is being centralised into tax avoider ownership. It is imagined that grooming puppet politicians is not a corruption of democracy. (Complete nonsense)
Just to put money were mouth is we found cheap we found and supported discovery of cheap uranium, isr not mined, but unfortunately the asset was stolen by network or gang of tax avoiding J ollygarchs.
1-2 or maybe 3 or 4 trillion of austerity would have easily completely greened the whole country if not the European continent.
DC and GO cynically cheated
TB we now know for sure is tax avoiding Ch
It's funny if you have witnessed a country being built up, the landlords aren't very influential. They are lost to recommend direction. When the economy is rescued/built over long period by many sacrifices , property demand obviously increases and then landlords want to pick the politicians, pay no tax, build no facilities, and should their investments suffer put tax payer on hook to underpin them, so they suffer no losses. I paid extra 100k to austerity, was essentially bankrupted. Wouldn't mind if infrastructure had been built. But nothing . Only Blair's, or Abramovich or etc property price rescued so they all can spread ignorance and cheating around the world. Intelligence services of all Europe need to clarify if this is their supported policy. If eg Russia offers more favourable terms to our tax avoiding property owners do they all upsticks. Over there Putin might say, 1 for the money(stolen) , 2 for the show (trial) , 3 to pay no tax let's go go go ( and a drop of poison to cover tracks- the extra carrot)
Anyway have few Ukog
very glad to see that new economic text books will contain the following advice to students...... (?)
'when your industry or company is completely rescued by the tax payer it is incumbent on the directors at the time to award themselves huge off the scale bonuses across the board. This can be done by simply increasing wages or making personal share awards at the pre bailout level. To not do so is against capitalism. Further if the tax payer could have used the money in much better ways to serve the interest of the majority of the peolpe and future generations (like build green energy power stations) this annoying fact is to be completely ignored. If it is recognisable to many that the tax burden has further resulted in real and unnecessary hardship to many tax payers this too is to be psychotically ignored .(it helps at this point to seek out some psychological reinforcement from like minded or religions or power circles already paying no tax)
It must therefore be the short term interest of all graduates by whatever means necessary to raise themselves above tax payer level , to make sure their sorry stories are never written and to go on to join the 'Authority of non-Contribution' (copyright!). At this level of society one is never asked to contribute intellectually or (god forbid) financially.
The name of this new rule is the Fairbairn Crown estate Banker Landlord Rule, FCBL Rule
Long live the 'Authority'.........
I even forgot Medvedevs unbelievable decision to not promote the results of the ISR pump test done next door. We 'd been waiting years for that because it added tens millions to the project. Why we hadn't done our own all that time mystery also. All ties in with deliberate theft. Putin involved. Tax havens and Israel involved and should open books on these people IMMEDIATELY. Investors expecting fair treatment so hugely outnumber the thieves it is amazing it is tolerated or allowed to happen in these times. Points to few bad apples having far to large say in markets and over politicians. Their actions all arranged through tax avoidance havens. Some groups or gangs will close ranks to protect their own unless the burden of wrongdoing is so great that they think it unwise to do so or be seen to out their name to it (like here)