Posted on 02/01/2005 7:37:41 PM PST by rbacon
Hopefully American Conservatives will push this with your congressmen and help bring down the Liberal/Sodomite Party of Canada. We could sure use your help. Thanks. --------------------------------------------------------------------------------
http://www.newsmax.com/archives/articles/2005/1/17/133225.shtml
The Oil-for-Food Scandal the Canadian Connection
Charles R. Smith Tuesday, Jan. 18, 2005
"Its all about the oil" was the chant issued by a vast army of protesters around the world.
Yes, it may have been "all about the oil" but it didn't involve Americans, who did not own any of the oil in Iraq, but rather a horde of rich global fat cats who wanted to make millions in a so-called U.N. humanitarian program.
One of those who made out like a bandit is a rich Canadian whose bank made millions and whose Paris-based holding companies include the originally French-Belgian oil company TotalFina Elf, which cut lucrative deals with Saddam's Iraq and is currently operating in war-torn Sudan.Various congressional committees have launched hearings into what has been described as the biggest corruption scandal in history. Not surprisingly, U.N. officials have refused to cooperate with the congressional investigations.
The investigations have turned up a number of damning facts that point directly to the incompetence at best, complicity at worst of the most senior U.N. officials and those involved.
It is now well known, for example, that U.N. Secretary-General Kofi Annan's own son was getting big cash payments from a Swiss firm that profited from the program, in return for his "expert" opinions and advice. Recently published evidence shows that Annan's son was paraded as a high-level contact within the U.N.
The congressional investigations have surfaced preliminary accounting figures that show that Saddam Hussein likely siphoned off as much as $15 billion, almost a quarter of the entire funds transferred.
While the anti-U.S. critics wailed at the impact of the embargo on the Iraqi people, their attention miraculously centered on the nation that liberated the victims of Saddam's original aggressions and not on the Thug in Chief or his numerous continental 'partners'.
Free to "govern," Saddam did so with a vengeance, and the rest, as they say, is history which, thankfully, Congress is now exposing after the U.S. military put an "Out of Business" sign on Baghdad.
Hussein was not alone in his corruption, and several others involved in the money flow, including government firms and politicians in Europe, are now nervously following the investigations while checking out one-way flights to Paraguay.
BNP Paribas
Top among these is the European-based BNP Paribas bank, which the U.N. chose to administer the program and which reportedly received nearly $1 billion for its efforts. Congressional investigators reviewing the bank's actions have discovered broken rules, missing documents and improper transfers by BNP Paribas, which up until now has been assumed to be a French bank.
In fact, BNP Paribas is actually controlled by Power Corporation, an appropriately named Canadian company that has a shocking track record of 'business' relationships with the worst gangsters and tyrannical regimes in the world.
BNP Paribas also has one other distinguishing feature: a direct corporate and familial relationship with the persons running the government of Canada for the last 20 years.
The truth about BNP Paribas and Power Corp. sheds a new light on Canada's seemingly bizarre anti-American foreign policy in the Middle East, in China and elsewhere.
BNP Paribas bank is part of a holding company, Pargesa Holding, which is jointly owned and controlled by the Frère and Desmarais families. Paul Desmarais Sr. is the chairman of the group, while Albert Frère is the vice-chairman. Gerald Frère, Albert's son, is one of three general managers who oversee day-to-day operations, and Paul Desmarais Jr. is also an officer.
Pargesa, and thus Power Corporation and the Canadian Desmarais family, holds a controlling significant stake in TotalFina Elf, the Belgian-French petroleum multinational corporation formed from the merger of Total and Petrofina.
BNP Paribas and TotalFina may have blood-stained corporate histories, but the intimate and intricate connections of Power Corp. to Canada's governing elite raise the truly disturbing questions.
Power Corporation CEO Andre Desmarais is the son-in-law of former Prime Minister Jean Chretien, who went out of his way to oppose U.S. intervention in Iraq, where the family's business interests with the Saddam regime would be jeopardized.[/b]
[b]Current Canadian PM Paul Martin is a former Power Corporation employee who made his fortune when he bought Canada Steamship Lines from Power Corp. aided by loans from Power Corp. To this day both CSL and Power are reported to have mutual equity interests in each other.
The most senior foreign affairs/international trade adviser to current Canadian PM Paul Martin is Maurice Strong, former CEO of Power Corp. and a longtime U.N. and Kofi Annan adviser.
TotalFina Elf
So, who is TotalFina Elf? Just an oil company that cut a deal with Saddam to develop and exploit the Majnoon and Nahr Umar oil fields in southern Iraq. These properties are estimated to contain as much as 25 percent of the country's oil reserves.
With Saddam under arrest, the Canadian-controlled company has expanded its "client base" and now has a deal with the murderous Sudanese regime to quietly extract its oil and funnel profits back to Khartoum for its infamous social programs.
Disgusted by the lethargic pace and willful blindness of the U.N.-led investigation of itself headed up by Paul Volcker, the U.S. Congress opened its own investigation. Committee investigators found that eight government agencies notified BNP Paribas about "deficiencies" in handling money in the U.N. program.
No wonder Congress smelled a rat when it watched the deliberately ineffectual U.N. 'review' of the 'Food-for-Oil' program. Thankfully, it followed up on that and launched its own investigations which, if allowed to follow their natural course, will inevitably expose fraud, corruption, sleaze, theft, incompetence and, perhaps in the long run most significantly, the corrupt political and personal motivations of supposedly friendly governments, including Canada, in this entire mess.
For our Canadian friends and supposed partners, we are left with the disturbing question: Who's really in charge and whose interests are they really serving? _________________ At the core of modern liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied, demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats . (PJ O'Rourke)
This is not actually new. It was pointed out at the time that Chretien's daughter was married to one of the largest shareholders in TotalFinaElf, the French oil monopoly with large interests in Iraq. That, of course, was also why Chirac was so adamantly determined to block any U.S. effort to upset his extremely profitable applecart.
The problem, really, is how to get this news out. I daresay that many journalists and their editors and owners are aware of these connections, but they will never abandon their coverup.
FoxNews tonight reported that no less a personage than Paul Volker, former Federal Reserve chief, who heads the entire investigation of the U.N. for the U.N., has major league ties to TotalFinaELF, the French oil company which handled the illegal oil transfers, and Bank Paribas, the French bank which laundered billions of Saddam dollars. Paging Senator Coleman!
Imagine if the UN was "right wing" and this were the cold war era they'd already have an a$$ kicking documentary out on this. We need better conservative media.
Paul Martin is walking the tight-rope above several scandals at the moment. Some international pressure on this one could really do him in.
Don't forget that Mr. Martin bought the company (Canada Steamship Lines) at wholesale prices from from Maurice Strong, the man behind the Rio Summit and Kyoto Accord.
I think it was sold to Martin for around $190 million when it had a book value of over $350 million. A real nice business deal. Especially for Martin.
It is also interesting to note that Mr. Strong's now heads a company which has a major ownership (at least 90%) in China's coal and gas fields, who are not hamstrung by the Kyoto Accord with regards to CO2 emissions, unlike all the developed nations who foolishly signed into this agreement.
Maurice Strong
Maurice Strong is a senior advisor to United Nations' Secretary General Kofi Annan. Annan has appointed Strong to lead U.N. reforms, positioning him to be the next U.N. Secretary General. But placing Strong in charge of U.N. reform could pose a significant threat to the American way of life as Strong has used his position to centralize power in the U.N. at the expense of national sovereignty.
Strong, a native of Canada, grew up during the Great Depression and lived in poverty. He was able to escape poverty and became a successful businessman. During the 1950s and 1960s, Strong was involved in the oil and utility industries and was quite successful. By the time he was 35 Strong was president of a major holding company, the Power Corporation of Canada. As successful as he was, Strong nonetheless felt the need to embellish his achievements. According to National Review, Strong claimed to have had a $200,000 salary when he left the Power Corporation of Canada. But the magazine was informed by an official with the Power Corporation of Canada that Strong's salary was in fact $35,000 upon his departure.
In the early 1970s, U.N. Secretary General U Thant tapped Strong to organize and direct the Stockholm Conference on the Human Environment. The conference came to be known as the first Earth Summit. In the following year, Strong became the first director of the U.N. Environment Program. These two U.N. positions marked the beginning of Strong's methodical march toward global governance.
Strong's most significant role at the U.N. to-date has been his position as Secretary General of the 1992 U.N. Conference on the Environment and Development, the Rio Earth Summit. In the opening session of the Rio Earth Summit, Strong commented: "The concept of national sovereignty has been an immutable, indeed sacred, principle of international relations. It is a principle which will yield only slowly and reluctantly to the new imperatives of global environmental cooperation. It is simply not feasible for sovereignty to be exercised unilaterally by individual nation states, however powerful. The global community must be assured of environmental security." Interestingly, Strong had initially been blocked from participating in the conference by the U.S. Department of State. When Strong learned of this, however, he persuaded then-President George Bush to overrule the State Department.
Strong is also involved in the U.N. Education Scientific and Cultural Organization (UNESCO). Through his work in UNESCO, Strong promotes Gaia, the Earth God, among the world's youth. Strong is also the director of The Temple of Understanding in New York. He uses The Temple to encourage Americans concerned about the environment to replace Christianity with the worship of "mother earth."
Strong also directs the U.N.'s Business Council on Sustainable Development. Under his leadership, the council tries to affect peoples' lives through U.N. policies that attempt to reduce the availability of meat products; limit the use of home and workplace air conditioners; discourage private ownership of motor vehicles; encroach on private property rights; and work to reduce the number of single family homes.
bttt
Martin, however, is loath to broach the subject and becomes sensitive when it's suggested he might find it difficult to relate to average Canadians.
He started his business career toting the bags of the president of the influential Montreal-based Power Corp. But in less than 20 years, Paul Martin owned his own worldwide shipping empire.
By the time Martin arrived at Power Corp. in 1965, he was ready to learn the ropes from some of the country's business elite.
Maurice Strong was the president of Power and asked Martin to be his executive assistant. It was an impressive-sounding title to outsiders but Strong made it clear Martin was going to learn from the bottom up.
RAPID RISE
"I said, 'Paul if you're willing to carry my bags and put in some hard work (it's your job),' " he recalled in an interview with Sun Media.
He warned his protege: "I'm very difficult to work for."
Martin would begin a rapid rise up the corporate ladder, but not before a few hard knocks from Strong, who remembered taking Martin to a meeting of top insurance company executives in New York.
"He frankly talked a lot," Strong said. "He was a little bit more forthcoming than perhaps he should have been."
When the meeting broke up and the two were walking down Park Ave., Strong let Martin have it.
"I said, 'Paul, you're not going to make it.' I said, 'Here you are, the youngest, most inexperienced person in a room full of the top insurance people in the world, and most of those people are quite predisposed to bright young people. But not to brash young people.' "
Strong admitted he had been tough but said the young Martin learned a lesson.
Indeed, almost four decades later, businessmen who sat on corporate boards with Martin say one of his qualities is that he listens and encourages input on important matters.
Matthew Gassenbeek, the founder and chairman of Northern Crown Capital in Toronto, sat on two boards with Martin.
The self-described Red Tory said of Martin: "He doesn't lose his temper. He's interested; he's willing to look at all sides of the question.
"I think he can listen, which is a real advantage."
Before Maurice Strong left Power Corp. in 1966 to head the Canadian International Development Agency in Ottawa -- a job offered to him by Martin's politician father -- he struck a deal for Power Corp. to buy Canada Steamship Lines.
"We put Paul on that file," Strong said. "He kept in touch with the company and prepared the briefs for me. That's how he really got to know CSL."
When Strong departed, William Turner and Martin teamed up as president and vice-president respectively at Power Corp. The two later moved to run a merged Consolidated Bathurst, a major pulp and paper operation, after Paul Desmarais took over the reins of Power Corp.
Turner says the move was a financial bonanza for Martin. The company's stock soared over four years.
In 1974, Martin was appointed president of Power Corp's CSL. He liked it so much, he bought the company from Desmarais in 1981 with partner Laurence Pathy for $189 million.
Martin bought out Pathy in 1988, the same year he won a seat for the opposition Liberals in the House of Commons.
* * *
A day before he transferred control of Canada Steamship Lines to his sons last month, Martin told Sun Media in an interview at his riding office that he had no idea what he was worth.
"No. I guess when the kids take over, not very much," he said.
The Mapleleaf Web site, which has been keeping track of Martin's international shipping empire of 37 bulk cargo vessels, claims CSL controls assets of almost $700 million and in March 2001 had annual revenues of $280 million.
Asked how a man who owns a sprawling farm in Iron Hill, Que., a home in Montreal and a condo in Ottawa connects with people who have a hard time paying the rent, Martin became testy.
"Let me tell you. You know, my father didn't have any money. The fact is my father's family, my mother's family -- they don't come from money. My mother's family were farming people."
"To put it another way, if I didn't understand that what life is all about was, in fact, exactly the people who live around the corner from here and who look at you to make life better for them -- if it wasn't for that, then I wouldn't be in public life."
Martin's holdings have been the source of controversy since 1988, even though he tried to protect himself from this through public disclosure. The scrutiny intensified when Martin became finance minister in 1993 and placed his holdings in a blind trust.
There were questions about CSL ships being flagged in offshore tax havens and the use of low-paid foreign workers. And there have been questions about how blind his blind trust really was. Allegations of conflict of interest have been dismissed by the government's ethics counsellor every single time.
The fallout from all of this hasn't put a political dent in Martin. His success since taking over CSL from Power Corp. 22 years ago is widely admired among business and union leaders.
Strong advocates ratification of the Kyoto treaty to stop the impending crisis. Negotiated by the Clinton Administration in December 1997, the treaty requires the U.S. to cut carbon dioxide emissions by 30 to 40 per cent by 2010. But according to the U.S. Energy Information Agency, that could cost the economy $400 billion per year, raise electric utility rates by 86 per cent, hike the cost of heating oil by 76 per cent, and impose a permanent "Kyoto gasoline tax" of 66 cents per gallon. In total, each U.S. household would have to spend an extra $1,740 per year on energy. WEFA, an economic information and consulting firm, reports that 2.4 million jobs would be lost and manufacturing wages cut by 2.1 per cent.
This gives Strong no pause. Indeed, he seems to want to inflict economic damage on Western industrial democracies. When it comes to environmental policy, Strong says, "Economic growth is not the cure, it is the disease."
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