Their lack of social responsibility to the communities they raped and pilaged is due to the fact that "they do not come from these communities so why should they care". There are those of us, who, way back when these foreign corporate pigs first started butting in and taking over figured this would likely happen.

They came, they poisened, they made their billions, and now they will be moving on. Have a nice day ya'll.

The same thing will happen with oil & Gas

This is an illustration of why its important to make sure that when a company is extracting resources they are paying the full cost for cleaning up environmental damage - and paying for it at the time of extraction.

These 2 posts say it all.
Take the money and run, and it is also what happens when you have a bunch of politicians who's heads are interchangable
with their asses!
Where are they now?
(Oh sorry...they are all in Victoria collecting their 29 percent gratuity and signing up for the pension plan!)

Don''t forget the mining industry too! It's poised to explode in northwestern BC..a great deal of environmental damage possible there!

Can we take down the name of "you know who corporation" from the sports building at unbc?

Jimmi, you hit the nail on the head! The question is how does one deal with a new company coming into a community promoting its 100 jobs, 300 jobs, 800 jobs, whatever? Everyone in the community that is politically oriented has blinders on at that time, blinded by the political hay it will make and the tax dollars which it will pull in for the municipality. Then there are the job multipliers – 1.5, 1.9, 2.5, whatever to sweeten the pie even more.

No one really does a true cost/benefit analysis over anything much longer than 12 months. Certainly not over 10, 20, 30 years. It’s all smoke and mirrors on both sides. On one side people are pissed off because “this community feeds the rest of the province” without any real hard information about how the economies of regions change over time – many decades.

Anyway, I think we have the ability to look at such things honestly to give us a picture much closer to reality than any one really wants to bother with. However, most prefer flying by the seat of their pants. It is the most expedient thing to do. Has been in the past, and will continue to be in the near and likely distant future.

So, we can continue to complain and enjoy throwing typically unverified theories about.

This I believe is true: the next economy for this region will hit us more by serendipity than by design.

Stop blaming....

Local communities allowed all this to happen because one over riding fact:

Humans have come to worship money.

It has been interesting to note that the culture - European - that most worships money is the same culture that holds up Jesus Christ as the son of God, a man that condemned in the strongest terms the evil of money worship.

Irony... gotta love it.

Kevin, you have it all wrong. It is the Jewish people that worship money, and the Christians that are enslaved by it.

Facts are the Rothschild’s (Bank of London) and the British Empire starting with the defeat of Napoleon, the taking of India, the opium trade, the US civil war, right through to the present day World Bank run by the IMF-US Federal Reserve and their derivative ponzi scheme are all the brain child of and owned by Jewish bankers funded by the Rothschild dynasty.

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J.P. Morgan was thought by many to be the richest man in the world during the second world war, but upon his death it was discovered he was merely a lieutenant within the Rothschild empire owning only 19% of the J.P. Morgan Companies.

"There is but one power in Europe and that is Rothschild."
19th century French commentator 1

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"Let me issue and control a nation's money and I care not who writes the laws."
Mayer Amschel Rothschild, 1790

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"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
Napoleon Bonaparte, 1815

For both sides of a war to be loaned money from the same privately owned Central Bank is not unusual. Nothing generates debt like war. A Nation will borrow any amount to win. So naturally if the loser is kept going to the last straw in a vain hope of winning, then the more resources will be used up by the winning side before their victory is obtained more resources used, more loans taken out, more money made by the bankers; and even more amazing, the loans are usually given on condition that the victor pays the debts left by the loser.

In 1803, instead of borrowing from the bank, Napoleon sold territory west of the Mississippi to the 3rd President of the United States, Thomas Jefferson for 3 million dollars in gold; a deal known as the Louisiana Purchase.

Three million dollars richer, Napoleon quickly gathered together an army and set about conquering much of Europe.

Each place he went to, Napoleon found his opposition being financed by the Bank of England, making huge profits as Prussia, Austria and finally Russia all went heavily into debt trying to stop him.


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Thomas Jefferson's
Warning To America
5-21-5

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

* Letter to the Secretary of the Treasury Albert Gallatin (1802) and later published in The Debate Over The Recharter Of The Bank Bill (1809)

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No commodity known to man combines as gold does the qualities of durability, unlimited marketability, portability, homogeneity, steady demand, stability of supply growth, fitness for being stored, low cost of storage per unit of value and, last but not least, independence from authoritarian manipulation of the total supply. This is why totalitarians (and their dedicated or subconscious fellow-travellers) are violently opposed to its private ownership that provides the citizen with a large measure of freedom. By having gold he can hedge against arbitrary policies of the Omnipotent State, or even slip out from its clutches.
Melchior Palyi (1892-1970),

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The gold hoarder must be prepared to, and mentally capable of, using gold exclusively as his numeraire in calculating asset values as well as pofit and loss. He must understand that profit/loss accounting in terms of the paper dollar is tantamount to trying to measure length with an elastic measuring-tape. 2007 Antal E. Fekete
Gold Standard University

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communism=command pricing, public ownership
socialism=market pricing, public ownership
fascism=command pricing, private ownership
capitalism=market pricing, private ownership

Under this proper definition of fascism the US is a fascist state as long as it continues market intervention to set prices.

----------------------------

As John T. Flynn, the liberal-turned-‘Old Right' opponent of the New Deal put it:

"When fascism comes it will not be in the form of an anti-American movement or pro-Hitler bund, practicing disloyalty. Nor will it come in the form of a crusade against war. It will appear rather in the luminous robes of flaming patriotism; it will take some genuinely indigenous shape and color, and it will spread only because its leaders, who are not yet visible, will know how to locate the great springs of public opinion and desire and the streams of thought that flow from them and will know how to attract to their banners leaders who can command the support of the controlling minorities in American public life. The danger lies not so much in the would-be führers who may arise, but in the presence in our midst of certain deeply running currents of hope and appetite and opinion. The war upon fascism must be begun there."

Flynn, one of FDR's bitterest opponents, wrote these words in As We Go Marching, his indictment of a postwar America that had fought national socialism – and was beginning to fight Soviet totalitarianism as the book was published – but, he feared, would lose the fight against incipient authoritarianism on the home front. Flynn defined fascism in a way that was congruent with the rising Welfare-Warfare State, founded on the principle of Big Government at home and militarism abroad. "First let us state our definition of fascism," he writes:

"It is, put briefly, a system of social organization in which the political state is a dictatorship supported by a political elite and in which the economic society is an autarchic capitalism, enclosed and planned, in which the government assumes responsibility for creating adequate purchasing power through the instrumentality of national debt and in which militarism is adopted as a great economic project for creating work as well as a great romantic project in the service of the imperialist state."

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" I have chiefly had men's views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." The New Freedom. Woodrow Wilson, 1913

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"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance."
President James Madison

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Once money is accepted as a form of exchange, those who produce, loan out and manipulate the quantity of money are obviously in a very strong position. They are the "Money Changers".

BTW:Today banks are allowed to loan out at least ten times the amount they actually are holding9Called Fractional Reserve Banking), so while you wonder how they get rich charging you 11% interest, it's not 11% a year they make on that amount but actually 110%.

As hard as it might be to believe, in times of economic upheaval, wealth is rarely destroyed and instead is often only transferred. And who benefits the most when money is scarce? You may have guessed. It's those controlling what everyone else wants, the money changer's.

When the majority of people are suffering through economic depression, you can be sure that a minority of people are continuing to get rich.

---------------------------

During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin how he would account for the new found prosperity in the colonies. Franklin replied.

"That is simple. In the colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.

In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one."
Benjamin Franklin 1

In Response the world's most powerful independent bank used its influence on the British parliament to press for the passing of the Currency Act of 1764.

This act made it illegal for the colonies to print their own money, and forced them to pay all future taxes to Britain in silver or gold.

Here is what Franklin said after that.

"In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed."
Benjamin Franklin

"The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."
Benjamin Franklin's autobiography

By the time the war began on 19th April 1775 much of the gold and silver had been taken by British taxation. They were left with no other choice but to print money to finance the war.

What is interesting here is that Colonial Script was actually working so well, it became a threat to the established economic system of the time.

The idea of issuing money as Franklin put it "in proper proportion to the demands of trade and industry" and not charging any interest, was not causing any problems or inflation. This unfortunately was alien to the Bank of England which only issued money for the sake of making a profit for its shareholder's.


"I wish it were possible to obtain a single amendment to our Constitution - taking from the federal government their power of borrowing."
Thomas Jefferson, 1798

How the privately owned Federal Reserve can produce money from thin air. Here's how it's done.

1. The purchase of bonds is approved by the Federal Open Market Committee.

2. The Fed buys the bonds which it pays for with electronic credits made to the sellers bank. These credits are based on nothing.

3. The receiving banks then use these credits as reserves from which they can loan out ten times the amount.

To reduce the amount of money in the economy they simply reverse the process.

The Fed sells bonds to the public and money is drawn from the purchasers bank to pay for them.

Each million withdrawn lowers the banks ability to loan by 10 million.

The Federal bank in this way has overall control of the US money supply, as each country's central bank does in the same way. The bankers, through the magic of fractional reserve banking have been delegated the right to create 90% of the money supply. This control makes a mockery of any elected government. It places so called leaders behind a toy steering wheel, like the plastic ones, set up to amuse small children.

Or as Rep.Charles Lindbergh father of famous aviator Lucky Lindy puts it when commenting on the Federal Reserve Act:

"This act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalised.

The people may not know it immediately, but the day of reckoning is only a few years removed... The worst legislative crime of the ages is perpetrated by this banking bill."
Rep. Charles Lindbergh (R-MN)

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"To cause high prices all the federal reserve board will do will be to lower the re-discount rate..., producing an expansion of credit and a rising stock market; then when... business men are adjusted to these conditions, it can check... prosperity in mid-career by arbitrarily raising the rate of interest.

It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by greater rate variation, and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down.

This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed.

The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.

They know in advance when to create panics to their advantage. They also know when to stop panic. Inflation and deflation work equally well for them when they control finance..."
Rep. Charles Lindbergh (R-MN)

The bankers now own Canfor, and it will be no different when it comes to creating profits for their ends....

Chad, the love of money is a universal affliction, not unique to any group or race of people.

Your lengthy post demonstrates among other things how truly ignorant people are that allow themselves to be sent to far away countries like Vietnam, Afghanistan and Iraq to kill and maim civilians while being killed and maimed themselves for some nebulous purpose related to religionism, imperialism or some other fabricated *ism* that isn't worth dying for.

Those that pull the strings are never to be found in the front lines facing mortal dangers.

Often decades later when additional information emerges people realize (maybe) that all the trumpet blowing and war mongering was for the benefit of an elite that was rubbing their hands with glee when the enormous profits of war filled their bank accounts.

The term *Christian soldier* is an oxymoron like *military intelligence."

Have a good day!

And the beat goes on, and on, and on.

You will know that the end of the world has come when a Jew throws away a nickel and a Scotchman doesnt pick it up.


Have a nice day.

"Humans have come to worship money."

Actually not all humans. Some worship wampum. Others collect gifts till there is no space left. Then they trade the gifts they no longer want, for others they do want ... for now.

Then there are baseball cards. I'll give you two of my Joe Dimaggio cards for one of your Mickey Mantle cards. If you don't like that, how about I mow your lawn every week for 5 years? A deal?

;-)

Define Diatribe ...

a bitter and abusive speech or writing.

Use diatribe in a sentence......

Chadermando's most recent post about Jews is diatribe.

Ironic coming from Owl.

I think you missed the point completely, which doesn't surprise me. Nowhere did I attack the Jews, but rather I laid out some known verifiable facts supported by some quotes on the subject matter regarding bankers and the workings of our monetary system that western society is built upon. I began by correcting the false statement by Kevin that Europeans of Jesus Christ are the ones that worship money and created the financial system that now governs us. European generalization of Jesus Christ money traders was a wrong simpleton statement based on racism and a misunderstanding generalization of Europeanism that I provided background to support a counterstatement based on facts and not racism.

I do not how ever attack an opinion by insinuating that it is based on hate because no argument can be made against the statement of opinion. A way of attacking democracy because it is easier to call something a diatribe, than challenge your own bias and assess the facts for the facts. Owl goes to a new low.

Facts are that money traders of the factional banking system create the value of money through the discount rate they apply and the liquidity they pump into the market. It used to be a US dollar was tied at $35 dollars an ounce of gold and now it is nearly 20 times ratio that 30 years later. Facts are hedge funds are the worst for manipulating markets to create value for their shareholders through trading fictional assets in cyber space designed to bet on the movement of markets. The hedge funds were created by and for the bankers, backed up by the US treasury. The sole purpose of hedge funds is not to insure against volatility, because in a volatile market all hedges lose, but rather hedge funds are in the business of stealing real assets with paper dollars created through manipulations of the banking system.

Canfor was bought by a hedge fund, and its policies will be not much different than those of the banking elite. In fact all of Canada's hard assets are up for grabs right now being bought with fake paper money created by the bankers in the US and China and beyond. In the end we will all be slaves to the debt that is being created today in the housing bubble, and all our corporations will be foreign owned and calling all the shots after the banks take their money back.

If anything it is a diatribe against multinational corporate hooliganism and the banking elite that control our society in all aspects of economics and governance.

BTW the longest ever source of money in the modern world was the Tally Stick method of payment created by King Henry of England, which lasted for 750 years. A tally stick was a notched piece of wood split in half with one half kept by the king as proof of value. Ironically it was the tally stick that was first used by the Rothschild’s to purchase the Bank of England stocks before the Tally Stick method was abolished.

"Ironic coming from Owl."

And you are now accusing me of writing abusive speech? Unlike you, I hold no conpiracy theories and most certainly do not write against a racially, religiously or defined peoples or social classes.

I did not say it was the Jewish people who worship money, you did Chadermando. You may not recall that those were virtually the first words you typed. You thereby stated that it was not the Europeans in general, but those of a particular faith and/or race (for those who think of Jews as a race) who worshipped money.

As to responding to Kevin, I do not know what he values most in his life. However, whatever it is that he values, he may or may not adore or worship it.

I value the ability to do many things, the freedom to do so, and the security to continue to do so. I worship none of those values.

I work to achieve the ability to do so, just as much as the squirrel gathers food at a time when it is abundant for the time when it is not so that the squirrel has the security of being able to live through harsher times. The process is a natural one and, in the case of the suirrel, happens inuitively.

In the case of humans, who have a much more complex social system, other methods are used to provide such security. For most it is actually not money, but commodities such as real estate. There are few who have $200,000 dollars in the bank for security. There are millions in Canada who have that much equity in a tradeable commodity such as real estate.

"If anything it is a diatribe against multinational corporate hooliganism and the banking elite that control our society in all aspects of economics and governance."

There will always be someone in control and always others who do not mind being controlled as long as they feel secure. That has been the way of humanity for thousands of years. There will always be those who will rally against such control. There will always be disagreement of whi the chief culprits are. To some it is government, to others the bankers, to others the biker gangs, to others yet, the religious right.

9/11 made Americans living in the USA feel insecure for the first time since the Civil war. Look at what they have been willing to give up to those who have promised them to never have to feel insecure again.

Whatever Chander. Quoting dead presidents from the 19th century to back up your zionist/Jewish global banking BS dosen't make it correct. The federal reserves workings are just a tad more involved than some mytholigical jewish banking conspiracy. BTW, hedge funds make a ton of $$$$$ on market volatility, up and down. But don't let the facts spoil a good global conspiracy.

Dow, hedge funds do make a ton of money on market movements up and down. Not the case when a market is highly volatile such as the gas market for example over the last few years, which at best is nothing short of a casino market when trying to hedge that. A hedge can be a double edged sword. Hedges work best when dealing with one time uncertainties such as the ENRON fiasco, or a collapse in a commodity. IMO the liability of hedge instrument will bring the collapse of the US treasury in our life time, possibly in the next few years.

Owl, you are right about one thing. It is wrong to generalize Jews as the ones responsible for our banking system even though members of that faith were highly involved and sanctioned by their faith.

The real responsibility for the thievery in our banking system lies with the zionist political movement (headed by the Rothschild’s (Jewish)) that has as its members atheists, Jews, even some Muslims, and so called Christians. The zionist will pretend to be of many political ideologies, but at the end of the day they are a racist movement preoccupied with global domination through the monetary system with a sanctuary state to shield them from their crimes in the holy land (ie Russian oligarch’s), protected by the holocaust religion they use as their cover and impose on the world through hate laws against free speech, which in turn are policed and funded by ideological tax free political charities.

---------

BTW:
"The General Assembly determines that zionism is a form of racism and racial discrimination."

UN General Assembly Resolution 3379

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But your right its not politically correct…..

IMO we should do with zionism what we did with nazism. It should be discredited in public life and treated as a hate ideology that should not be accepted as a legitimate or acceptable ideology in anyway. Both zionism and nazism are both competing ideologies for world domination that share more in common than should be comfortable for any freedom loving citizen of this planet Earth.

IMO the end of zionism would mean the end to the wars in the Middle East, and the first big step to ridding the world of poverty, conflict, and civil oppression.

IMO we should do with zionism what we did with nazism. It should be discredited in public life and treated as a hate ideology that should not be accepted as a legitimate or acceptable ideology in anyway. Both zionism and nazism are both competing ideologies for world domination that share more in common than should be comfortable for any freedom loving citizen of this planet Earth.

IMO the end of zionism would mean the end to the wars in the Middle East, and the first big step to ridding the world of poverty, conflict, and civil oppression.

opps

Owl had it right. A diatribe. If you can find anyone within a thousand miles that cares it would suprise the H out of me.

We have bigger and better things to do than to rant about all the conspiracys that are taking place. People come and go but conspiracies live forever.

Chad. I think you are confusing the concept of hedging with "hedge funds". The term hedge funds is misleading since they a rarely used for standard hedging. They make bets on every conceivable financial instrument and their derivitives, both up and down. They are used by private investors, pension money, and other pools of capital. Since most have a open investment mandate they are for sophisticated and institutional investors and require a very high minimum investment.

Hedging a volitile commodity is what makes hedging a standard risk manegment tool when done properly. The volitilty dosen't stop a contoller from hedging, it's the main reason to do it. This practice has gone on for years. I seriously doubt the US treasury is at risk. However a hedge fund that makes a big bet and losses costs there investors, not the US treasury.

Comparing zionism to Nazism is just whacked. Did you spend your summers as a child in a compound somewhere in Montana getting fed this crap? There is help available for you.

Dow, I read a lot of Rense.com. No compound in Montana... yet....lol

How about when a person wins for their investors, then who covers that? Is it the banks issuing the hedge? And then who guarantees the banks stay solvent…the central bank? It really would be nice if the bank shareholders went bankrupt for gambling in risk 'instruments', but it doesn't seem to be the case.

With liabilities in the tens of trillions; I'm not sure society would be prepared to pay for that even in a police state.

I think we can all agree that hedge funds are an efficient way to short an emerging company; starve it from cash in equity financing at critical times; and then take it over in bankruptcy financing. A true piranha market where the bloated feed on the young and dynamic whether for political reasons or trade advantage.

Hedge funds (ie 3rd Avenue) are total scum of the markets that use financial 'instruments' to manipulate a public companies (ie potentially Canfor) future value based not on the financial ability of a company, but rather on the ability to suck a company dry of all profit potential by liquidating the interests of all other external stakeholders.

I would prefer a market where only real people can make investments in real assets. If a companies stock goes up or down it should be based purely on supply and demand.

With .10 cent dollars bringing back 100% returns the system is designed for money changers and not the working class who earn their profits the old fashion way through real work providing real goods and services.

Dow might argue that it is only our pensions and stock funds that benefit from these arrangements?

IMO hedging is unethical, and therefore maybe the small investors shouldn't be involved competing with the banksters at the banksters own game. In the end it’s the banksters and fund managers that control the voting rights and skim the top with insider knowledge. Then after their greed and management fees they throw a nice return your way. Meanwhile the fund managers fiduciary duty to you the provider of capital, has determined the corporate voting rights for the Board of Directors of the many public companies the fund owns equity in, who then through industry itself are able to influence society to much more extent then even our government itself.

Facts are that he who determines the appointment of the heads of industry holds the power in our society. No doubt about that in my mind.

"Facts are that he who determines the appointment of the heads of industry holds the power in our society."

This is sort of like the philosophical question of who created God?

I think the person that determines who determines the appointment of the heads of industries actually holds the power in our society.

Or may it is the person that determines who determines who determines the appointment of the heads of industries that actually holds the power in our society.

I think that Yoda holds supreme power in our society.

;-)

"I think we can all agree that hedge funds are an efficient way to short an emerging company"

You realize, of course, you are "speaking" jargon. Jargon is an effective way of cutting out most of those who are not part of a particular industry.

It seems to me the topic of the lead article Ben wrote deals with the community responsibilities of companies who have planted themselves into a community, and have caused that community and various levels of governments to create the infrastructure required for the companies to have easy access to a "happy" workforce and physical infrastructure built for such companies to be able to carry out their business.

Sort of like building a super magnet, drawing all the people to it, and then removing the magnet and leaving the people, and the assets they have built, stranded without anything to fill the gap.

The most recent "local" examples we have of that would be Prince Rupert and Tumbler Ridge. It is one of the key problems associated with single industry towns or towns that are close to being single industry towns. It is why a diverse economy is so important for the sustainability of a community.

"hedging is unethical" ,tell that to a farmer hedging his crop or locking in natural gas prices for several years. With financial instruments the government isn't on the other side of the trade. BMO's big natural gas loss of 750 million(even the evil banks can be wrong, they must not be jewish) dosen't mean the us treasury made that money. Chances are it was another hedge fund taking the opposit position, or a market maker, or an investment bank or who ever. That is the essence of capital markets. for every transaction there is a buyer and seller. There are margin requirments for every instrument and if you don't meet them, your sold out and you eat the loss. The US financial markets are the deepest, largest, liquid and most active in the world. Predicting it's collapse is your perogative, I'll take the other side of that trade.