EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

09.07.10

How the Gates Foundation is Sometimes Starving — Not Feeding — African People

Posted in Africa, Bill Gates, Deception, Finance at 4:10 am by Dr. Roy Schestowitz

Gates at Harper's Magazine

Summary: An analysis of banking interests in Africa, Gates’ role in them, and their impact on the population

IN a later post about GMO we are going to address one aspect on this sensitive subject, but in this post we are going to explore the impact of Gates Foundation investments in Goldman Sachs (going back to this report from August 16th, as well as others, e.g. [1, 2, 3, 4]). Taken into consideration there ought to be a plethora of factors which we shall summarise at a later stage.

Gates’ investment in Goldman Sachs is a subject we wrote about two weeks ago following literally thousands of links Techrights posted about Goldman Sachs over the years, e.g. about government influence. “Feeding the hungry” is the sort of sound bite everyone loves to hear and Gates sings it to the public many times. It’s valuable PR, but what exactly happens on the surface? Today we won’t be addressing the GMO agenda; however, we will be addressing the role of financial interests in food. By giving money to Goldman Sachs, for example, the Gates Foundation is actually feeding the bankers who starve the hungry. These are investments that achieve the very opposite of what’s publicly stated, as we last discussed in the previous post (conflicts abound).

For a little bit of background (we put about a dozen links about it all in all), read articles like “The great hunger lottery – How banking speculation causes food crises” (it’s not just Goldman Sachs, but it’s probably the largest culprit). Warren Buffett too is investing in this whole thing. From several days ago in the news:

Buying Goldman stock will put you in good company

[...]

The Bill and Melinda Gates Foundation, the world’s largest philanthropic foundation, bought 500,000 shares in Q2.

Warren Buffett’s Berkshire Hathaway famously bought $5-billion in Goldman preferred shares at the bottom of the 2008 financial meltdown, and acquired warrants for another $5-billion. Charlie Munger, Berkshire’s vice-chairman, commented that “we felt their merits outweighed their defects.”

It was just some days ago that we found out about the deadly effect of price hikes in Mozambique’s food:

The UN has called an urgent meeting on rising global food prices in an attempt to head off a repeat of the 2008 crisis that sparked riots around the world.

Seven people, including two children, were killed in Mozambique this week during three days of protests triggered by a rise in the cost of bread. There has also been anger over increasing prices in Egypt, Serbia and Pakistan, where floods destroyed a fifth of the country’s crops.

Read the article titled “Goldman Sachs makes $1 billion profit on food price speculation” and then take into account other banking connections, the World Bank for example. To suggest that solutions for third-world countries will come from banks is to assume that debt can resolve/substitute hunger and that putting people under the control of international banks is truly in their interest. Banks don’t produce food and often they create long-term liabilities.

We previously wrote about the Grameen Foundation [1, 2, 3, 4, 5, 6], which has roots in Microsoft and works with the Gates Foundation to put Western banking systems into places that are under-developed. Here is the Gates Foundation getting involved again, pushing US-based micro-payment technology that can only increase such dependence (see what was done in Haiti for example):

The Grameen Technology Center, formed nine years ago by a former executive at Microsoft, has deployed applications in Uganda that send text-message reminders for neo-natal patients in Ghana to take medication and tests. Through a partnership with Google and the local telecom service provider, Grameen is able to collect data through smart phones on how farmers are dealing with crop disease and then serve up instructions from the cell phones on how farmers can keep their crops from getting infected.

They are essentially enabling some businesses in the West. Maybe it’s good, maybe that’s bad, maybe it’s a bit of both. It’s up for the local population to make informed choices rather than foreigners deciding for these nations what’s good for them.

China finds it rather offensive on the face of it. The financial press in the West shows how the world’s wealthiest are suddenly relabeled “do-gooders” (following the money and using PR in the Financial Times), but such expansionism is frowned upon by China. They won’t let Buffett and Gates play a role as “world’s parents” and to be fair, China too is increasingly taking control and colonising poor nations, including some in Africa. Feeding the hungry is not a priority, it’s a convenient excuse for getting in while having some consent from the exploited, occupied population (use of the local press for propaganda is crucial here too).

We are at risk of going off topic here, but one of the most fascinating things in Africa is the use of patents against it by the developed world (maybe about 10% of the world’s population, depending where the line gets drawn). This helps show how notions which are taken for granted in the West are actually extremely harmful to the large majority of the world’s people. Europe and the US each account only for about 5% of the world’s people and assuming democracy amongst all living humans, there is magnanimous, abject, unjust, powerful, and hostile relationship that needs to be accounted for. It’s a moral issue.

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

What Else is New


  1. Links 20/4/2014: EFF FOSS, Easter Drone Strikes, Copyright Industry Fear of Google

    Links for the day



  2. Links 19/4/2014: Slow Easter News Day

    Links for the day



  3. Links 18/4/2014: New KDE, Kubuntu, and More

    Links for the day



  4. Some Perspective on Heartbleed®

    Our views on the whole Heartbleed® bonanza, which seems like partly a PR stunt (for multiple stakeholders)



  5. Microsoft is Leaving Windows -- Including Vista 8.1 -- Vulnerable to Non-Government Crackers, Not Only to NSA

    Microsoft makes it ever more evident that securing users of Windows is not at all a priority, and perhaps not even a desire



  6. Links 17/4/2014: Android RDP, New Ubuntu, RHEL 7 Milestone

    Links for the day



  7. Racing to 1984: Mass Surveillance, Cracking, 'Targeted' Assassinations, and Illegal Torture

    Links for the day



  8. More Microsoft Subsidies to Patent Troll Intellectual Ventures

    Microsoft hands money to Bill Gates' close friend who is the world's largest patent troll



  9. Aiding Microsoft Under the Disguise of 'Pro-FOSS'

    Not everything which is FOSS necessary becomes, by virtue of existence, a positive contribution, as we are constantly reminded by projects that help proprietary software and/or restrictions get a strong grip on FOSS



  10. Links 16/4/2014: Red Hat PR, Ubuntu LTS Imminent

    Links for the day



  11. Links 15/4/2014: Lots of PCLinuxOS Releases, Ukraine Updates

    Links for the day



  12. Apple and Microsoft Actively Lobbying Against Patent Reform in the US

    Apple and Microsoft are reportedly intervening/interfering with US law in order to ensure that the law is Free/libre software-hostile



  13. Lawsuit by Microsoft Shareholder Targets Fine for Crimes Rather Than the Crimes Themselves

    A new lawsuit by a Microsoft shareholder shows everything that's wrong with today's model of accountability, where those who are responsible for crimes are accused of not avoiding fines rather than committing the crimes



  14. Public Institutions Must Dump PRISM-Associated Software

    Another reminder that taxpayers-subsidised services should refuse, as a matter of principle, to pay anything for -- let alone deploy -- proprietary software with back doors



  15. GNU/Linux News: The Opportunities Amid XP EOL

    Links for the day



  16. Microsoft Gets Its Money's Worth From Xamarin: PlayStation 4 Now Polluted by Microsoft

    The Trojan horse of Microsoft, Xamarin, is pushing .NET into Microsoft's console competitor



  17. After Brendan Eich Comes Chris Beard

    Having removed Brendan Eich using bullying and blackmail tactics, his foes inside Mozilla achieved too little as we have yet another man (coming from inside Mozilla) acting as CEO



  18. Healthcare News: Free Software in Health, Humanitarian Causes

    Links for the day



  19. Links 14/4/2014: MakuluLinux, Many Games, More Privacy News and Pulitzer Prize for NSA Revelations

    Links for the day



  20. TechBytes Episode 87: Catching up With Surveillance (NSA, GCHQ et al.)

    The first audio episode in a very long time covers some of the latest happenings when it comes to privacy and, contrariwise, mass surveillance



  21. Server News: KVM, ElasticHosts, Other GNU/Linux Items, and Open Network Linux

    Links for the day



  22. Hardware News: Freedom, Modding, Hackability on the Rise

    Links for the day



  23. Distributions News: GNU/Linux Distros

    Links for the day



  24. GNOME News: Financial Issues, Mutter-Wayland, West Coast Summit, Community Participation

    Links for the day



  25. KDE News: Kubuntu at the Centre Again KDE Applications Updated

    Links for the day



  26. Techrights Rising

    Effective immediately, Techrights will do what it takes to bring back old volume and pace of publishing



  27. Links: Surveillance, Intervention, Torture and Drones

    Links for the day



  28. Mobile Linux Not Just Android: Jolla, WebOS, and Firefox OS News

    Links for the day



  29. Google's Linux Revolution: New Gains for Android, Chrome OS (GNU/Linux)

    Links for the day



  30. Free/Libre Databases News: MongoDB, NoSQL, and MySQL Branches/Forks

    Links for the day


CoPilotCo

RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

CoPilotCo

Recent Posts