But this really puts it into context for me at what the future holds, not just the DOE coming with SWAT teams to collect on your defaulting ass.
Not content to only ruin/run the lives of the indentured educated on this continent, now the ivory towers are going to be waging war on literally some of the poorest people on the planet.
Here's the full story
Harvard and other major American universities are working through British hedge funds and European financial speculators to buy or lease vast areas of African farmland in deals, some of which may force many thousands of people off their land, according to a new study.
My first thought is why the fuck does Harvard and other universities want to own land in Africa? Then I realized....
This is a fascinating development. I'd be willing to bet you a shiny buffalo nickel that at some point in the future you're going to see universities using these massive land purchases as "real world laboratories" for their students in the fields of agriculture, biology, international development, etc. Or they may not be that inventive, and just use it as a major money making venture for the coming food shortage.
Hey! Why don't we use the same techniques with food production that we used with financial products and derivatives!!! Nothing bad happened because of that!!!
The new report on land acquisitions in seven African countries suggests that Harvard, Vanderbilt and many other US colleges with large endowment funds have invested heavily in African land in the past few years. Much of the money is said to be channelled through London-based Emergent asset management, which runs one of Africa's largest land acquisition funds, run by former JP Morgan and Goldman Sachs currency dealers.
Researchers at the California-based Oakland Institute think that Emergent's clients in the US may have invested up to $500m in some of the most fertile land in the expectation of making 25% returns.
I also guaran-fucking-tee you that they will use the same kind of spin and public relations language the King Leopold of Belgium used when describing his raping and pillaging in the Congo. Oh wait here we go...
Emergent said the deals were handled responsibly. "Yes, university endowment funds and pension funds are long-term investors," a spokesman said. "We are investing in African agriculture and setting up businesses and employing people. We are doing it in a responsible way … The amounts are large. They can be hundreds of millions of dollars. This is not landgrabbing. We want to make the land more valuable. Being big makes an impact, economies of scale can be more productive."
Yes, because American Universities have done such a fantastic job "investing" and "employing" their own graduates at home I'm sure we should be exporting it. You know Subprime regularly covers financial data and commodities like gold and silver etc. I thoroughly enjoy reading those posts as well as his perspective.
However, all of that shit is worthless compared to the coming fight for basic Food and Water. Similarly, in Africa this has been going on for years to little or no attention being paid.
I'm just fascinated by the universities getting in on this as well. I guess it would be similar to defense contractors in the military industrial complex like Lockheed Martin expanding beyond their big moneymaker into other markets and products. I mean Harvard is going to be launching it's own fashion line.
So where does business end and education begin in today's world?
"We have seen cases of speculators taking over agricultural land while small farmers, viewed as squatters, are forcibly removed with no compensation," said Frederic Mousseau, policy director at Oakland, said:
"This is creating insecurity in the global food system that could be a much bigger threat to global security than terrorism. More than one billion people around the world are living with hunger. The majority of the world's poor still depend on small farms for their livelihoods, and speculators are taking these away while promising progress that never happens."
Till Next Time!!! We are all pawns on a chess board!!!