EXPLOSIVE CONFLICT OF INTEREST: WHO PROFITS FROM THE NATIONAL HEALTH PLAN? AND FROM OTHER INVESTMENTS
john
AND FROM OTHER INVESTMENTS.
By Jon Rappoport
www.insolutions.info
www.nomorefakenews.com
DECEMBER 25, 2009. I have to begin by saying you need to know about Walter
Burien. http://CAFR1.com
Walter curls people's hair. For many years, he has been investigating the
investments made by governments. The what? I know. This sounds like a
non-sequitur. Governments aren't businesses, are they?
It turns out they are. Well, when you think about it, it's obvious. They
run, for example, retirement funds for their employees, and those funds make
investments, they don't just store money in shoe boxes.
Recently, Walter provided a link to the New York State Retirement Fund Asset
Listing (March 31, 2006). You can find it at:
http://cafr1.com/STATES/NEWYORK/RETIREMENT/NYRINV2006.PDF
This document shows the investments this fund makes, and the value of each
stock holding. The implications are enormous. For example, when you
pinpoint the many pharmaceutical stocks, you realize New York State
government will be a primary beneficiary of any national health plan. Why?
Because drug companies, under such a plan, will be selling far more drugs as
millions of new, previously uninsured people come under the federal
umbrella.
Any piece of news that makes the pharma landscape glow tends to shoot up
stock values.
From a financial point of view, it would be ridiculous to assume New York
State government would oppose national health insurance. It's good for
business. The business of, yes, New York State government.
And by the way, to the extent that some of these drug companies manufacture
vaccines (and they do), the New York State government would be a big-time
supporter of the mass vaccinations that accompany each new phony epidemic,
such as Swine Flu. Again, for business reasons. In fact, we may now
understand a new reason why, until huge protests derailed it, New York tried
to make the H1N1 vaccine mandatory for all state health workers.
Here are some of the pharmaceutical listings in the New York Retirement
Fund. The value of each stock holding is as of Mar.31, 2006.
Schering-Plough: $138,013,129
Barr: $39,152, 525
Baxter: $105,606, 745
Gilead: $127,348,101
Roche: $87,762,875
MedImmune: $46,942, 968
Sanofi-Aventis:$153,887,891
Bayer: $39,318,918
Bristol-Myers Squibb: $195,807,422
GlaxoSmithKline: $137,729,350
Pfizer: $834,756,329
Novartis: $131,221,033
Merck: $344,768,742
Eli Lilly: $249,409,636
Vertex: $17,947,395
Drug companies. $2.5 billion and change. One retirement fund in one state.
Walter Burien goes much further�and here you would have to consult his site
for supporting evidence. He states that, when you look at the various
investment funds of the 50 state governments, and when you consider the
possibility that many of these funds act (invest) in concert, governments
turn out to be controlling stockholders in some of the biggest corporations
in America.
Turn that thought over in your mind a few times.
Here's another explosion: To what degree did the federal bailout bail out
the New York State government? Well, among the 2006 NY Retirement Fund
listings, we have:
Goldman Sachs: $268,770,613
Bank of America: $896,993,638
Citigroup: $1,036,682,080.
This gives another perspective on what a fed bailout means. It functions as
profit protection. For a state government.
Imagine state legislators and other state officials consulting THE
INVESTMENT PORTFOLIO of their state government before they vote for or
against legislation.
The hits keep coming.
"As governor of your state, my friends, I am taking every action I can to
assure the profits of this administration continue to rise. As taxpayers,
you are the stakeholders. What you pay us, we invest. Of course, we never
show you the balance sheet, and we never indicate whether we need your
taxes, or whether our profits alone are sufficient for running the state.
But that's the way the game works. You stay in the dark. When we raise
your taxes, we give you reasons�which may be accurate or sheer nonsense.
The point is, we keep taking your money and investing it."
JON RAPPOPORT
www.insolutions.info
www.nomorefakenews.com