Illustration of how retirement fund can be legally pumped off

Discussion in 'Trading' started by harrytrader, Apr 26, 2003.

  1. This is an example how retirement fund can be stealthed legally
    http://www.angelfire.com/dragon/sha...rs/equities.htm

    CCCCH

    Canadian Committee To Combat Crimes Against Humanity



    Press release

    Immediate publication


    To small shareholders and depositors in College Retirement Equities Fund-Stock Account.

    Two activist organizations notify the small shareholders and depositors in College Retirement Equities Fund-Stock Account, so as to provide the safeguard of their investments against actions that in the future shall be taken against COSTCO, a buccaneer corporation that has destroyed the National patrimony in Cuernavaca, Mexico. College Retirement Equities Fund-Stock Account is an institutional COSTCO shareholder.

    Montreal, Cuernavaca, April the 12th., 2003.-


    According to College Retirement Equities Fund-Stock Account’s, annual report, December 2002, a great majority of people working at universities, schools and investigation centers in the United States and United Kingdom have decided to deposit their savings in the mutual fund, College Retirement Equities Fund-Stock Account, as a means to multiply their investments towards a golden pension.

    What those workers probably ignore is that College Retirement Equities Fund-Stock Account, to be able to hand on to them a golden pension, invests massively in war industries.


    College Retirement Equities Fund-Stock Account own assets for $76,878.216 thousands , of which it invests 0.89% in aero-space and defense. College Retirement Equities Fund-Stock Account owns important parts, among other companies, of BAE System (6,125,578 shares / $12,228 million), of Lockheed Martin (2,179.917 / 125,894 million), of Boeing (3,994.369 / $131,774 million) of General Dynamics (1,085.544 shares/ $86.160) of Ratheon (2,142.282 shares / $ 65.875 million), etc. 0.89% of the assets may seem a minimum participation, but just add up numbers in this sample to conclude that participation is not that minimum. Its participation, for the sample of war corporations mentioned here is about half a thousand dollars.


    Don’t forget:


    Bae System commercializes JAS 39 Gripen, air war machine, built by the Swedish corporation SAAB. South Africa readily bought several dozen of those machines. The South African Council of Churches (SACC) begged the Swedish governmental authorities to reconsider this arms sale, and asked them to “pay a particular attention to the consequences for peace, safety and sustainable development in South Africa, The South of Africa, and the whole Continent”. But their pleas fell on barren land. SAAB is the principal partner in British Aerospace (BAE, a conglomerate of companies, including Astrium, Thomson Marconi, STN Atlas, Alenia Marconi Systems and Airbus, and associated to Roll-Royce, Boeing and Raytheon.

    etc. see
    http://www.angelfire.com/dragon/sha...rs/equities.htm