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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

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offsite link Solar Panel Fault Known a Year Before School Fire Sat Jul 26, 2025 15:00 | Will Jones
Potential safety issues with solar panels were known to a council for more than a year before a fire broke out at a primary school this month, following a similar fire at a community centre in June 2024.
The post Solar Panel Fault Known a Year Before School Fire appeared first on The Daily Sceptic.

offsite link Ozzy Osbourne, Oasis of Heavy Metal Sat Jul 26, 2025 13:00 | James Alexander
Professor James Alexander, who once played in a Heavy Metal band, pays tribute to Ozzy Osbourne as a pioneer of the genre that for many young men supplies an identity and lifestyle. Yes, it's weird. But it has its place.
The post Ozzy Osbourne, Oasis of Heavy Metal appeared first on The Daily Sceptic.

offsite link Oh-So Biased Public Broadcasting Sat Jul 26, 2025 11:00 | Dr James Allan
The Republicans have finally done it ? they've cut funding to NPR, the public broadcaster so biased every single one of its 87 editorial staff are Democrats. If only the BBC were next, says Professor James Allan.
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offsite link Is the US Losing the World to China? Sat Jul 26, 2025 09:00 | Noah Carl
Two major cross-national surveys published this year show that China is now perceived more positively than the US?by a sizeable margin. Is the US losing the world to China?
The post Is the US Losing the World to China? appeared first on The Daily Sceptic.

offsite link The Frightening Cost of Net Zero Sat Jul 26, 2025 07:00 | Paul Homewood
In a conversation with a GB News editor last week, Paul Homewood was reminded just how little understanding there is in the media of how much Net Zero is going to cost us. Time to spell it out in terrifying detail.
The post The Frightening Cost of Net Zero appeared first on The Daily Sceptic.

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Voltaire Network
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offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

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Credit Suisse Banker Pleads Guilty in Mozambique Loan Scandal

category international | economics and finance | news report author Monday July 22, 2019 23:08author by Kate Zeller - Jubilee USA Network Report this post to the editors

On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country.

Washington DC - On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country. Pearse and six others are accused of taking $200 million in the scheme.

“Mozambique, one of the poorest countries in the world, is dealing with a financial crisis because of the greed of corrupt bankers," said United Nations corruption and finance expert Eric LeCompte and Executive Director of the religious development group Jubilee USA Network. “This behavior is only possible because of a lack of global loan transparency and a lack of public budget transparency in Mozambique.”

US prosecutors argue that Credit Suisse and Russian-based VTB finance group hid secret loans to the Mozambique government by bribing bank and government officials. The loans were supposed to support the tuna fishing industry, but instead supported the outfitting of boats for military attack crafts. When the secret loans to Mozambique were revealed in 2016, the IMF and World Bank cut ties with the country, halting development funding. This year, Mozambique was hit with two cyclones further impacting the debt ridden and poverty stricken country.

"Mozambique is struggling to recover from a debt crisis and terrible natural disasters," noted LeCompte.

Related Link: http://www.jubileeusa.org
author by Tpublication date Mon Jul 22, 2019 23:16author address author phone Report this post to the editors

This form of financial colonialism was well documented by John Perkins who worked for the World Bank and eventually his conscience got the better of him and he revealed all in his book. Confessions of an Economic Hit Man

And many years earlier the economist Michael Hudson wrote in 1972: Super imperialism : the economic strategy of American empire

So giving loans to poor countries to make them poorer and use it as a means to steal all their resources has been part of the plan all along. It is unclear why now they are putting people on trial in court. Perhaps it is American banks are competing with European banks in the robbery and Trump has ordered behind the scenes the investigation so that the competition is removed and American banks can get in there and doing the robbing.

 
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