OK..... So we know google reads our emails under the pretense of checking spam, and we know that they have been caught out using our personal information gleaned from our private emails for "personalized advertising" (those annoying adds that pop up and seem to know when we have been inquiring or searching for something) ....now we also know that facebook have been caught out selling personal profiles of 50m US voting age citizens for the Donalds voting campaign....both have been caught out and have said sorry to senate committees and promised to change their ways...but have they....? and how does this affect us as FAR shareholders....??? read on;
OK so what happens if I buy FAR shares. I get an email confirmation attachment from my broker of the purchase price and quantity. I'm now officially recorded by google as a FAR holder and stamped date/price/quantity.....Its not a big leap to imagine a fund/bank/institution who wants to make a move on our little oiler (or any other Aus Co. for that matter) to pay google (they are in the information business after all) and bingo! google use their massive computing power to weed us all out for the buyer who uses the same AI tech to profile all holders (cross reference all your other captured info regarding your personal life and finances)to find the best method of attack/manipulation ....the bots do the rest and they can monitor the results in real time as we buckle under or as we change our positions.......Uh Oh!
Oh.....you dont use Gmail or google services, then its a big bet your broker does....Why?
Control of our top 50 companies, and by extension, our top banks and their subsidiaries (you know tag-ons like Commsec etc) are controlled by a small group of string pullers in the US. Dont believe me well read on;
Search any top 20 company(you too Whisky because NZ is caught up as well), just for starters, and you will see, for every single one of them, the following holders; HSBC roughly 25% (and up to 60%), JP Morgan(and subs) 6-10% and Citigroup(and subs) 4-8% etc.. etc..... A lot of you here will already know this but it gets deeper. We all know that these companies just run local shops here so that we can invest with them on our stock exchanges...no worries...even if the profits on their banking operations go back to their shareholders in the US we get our dividends etc. here in Aus..no sweat...well....Wrong!.
Its about block voting rights using custodians/nominees (read this 2013 article
**promotion blocked**/business/business-display/who-owns-corporate-australia,5033) Its all about boardroom control and company directions. You may or may not try to influence HSBC on what you would vote for but most people dont and at the end of the day an HSBC person will sit at the meetings and has the voting power block...you know,...simple little details like voting in/voting out directors (very threatening if you want to retain your job).
Matters of control of our Aus companies have far reaching consequences for you and I.... the least of all being stipulations such as which internet services company to use when sending out your statements of accounts on your FAR purchases and banking transactions.
So...HSBC is an English company you say, maybe headquartered in London, but mostly Asian operation and shareholders....well NO...all the top 10 shareholder funds and institutions are based in...you guessed it...the US....we already know who controls Citi and JP........voting block control and direction, again!
Maybe you are wondering why that SP hovers around that annoying price...you know just around your average holding price (this applies to a great deal of us that bought in during the Tim induced spike, where there was massive turnover and lots of cheaper holders exited)...well perhaps an AI computer has figured it all out and with bots could be annoying you (via the SP) to the point than when 5c or more is added to the price...your outa here! Hey presto mums and dads out, JP and the gang are in.......
Thats it for me about FAR but if you hold funds in a bank in Aus you may want to read the following;
What follows when you control the boards of sovereign countries largest enterprises is that you can have power over politicians with regards to seating and unseating. Most major party politicians across the face of this planet are beholden to the corporations and businesses that paid the massive costs of their election campaigns. Consequently you can influence policy making. And here's the rub .....bank depositors,in Aus, are now relegated behind covered bondholders.........Whats a covered bondholder? well in about 2011 our very own "worlds greatest treasurer" allowed your bank deposits to become subordinated to foreign bond holders. Something that had never been allowed here before...depositors always got first bite of the cherry when a bank went under....Now,thanks to Swanno, the very best assets of our top banks are ring fenced for covered bond holders in pools that are set aside (off the books) for the benefit of mostly US bankers and untouchable by Govt. regulators such as APRA...(read
http://theconversation.com/banks-want-covered-bonds-but-could-taxpayers-be-left-with-the-risk-3877)
So the reason they allowed the covered bonds is because the Govt. guarantees all our bank deposits right?...well NO;
Under the financial claims scheme (FCS) we are meant to be covered to $250,00 per account holder per approved deposit taking institution(ADI )....... but the govt has applied a limit to each ADI which includes the ADIs subsidiaries under the same licence (other held banking businesses).
Should you be worried?..YES! because the limit is $20bn per ADI.....for example WBC has about $480bn deposits...how far do you think $20bn will go if they F@#K up.
With each and every budget we get a govt. mandated Statement of Risks;
This is from....... Statement of Risks since the 2016-17 Budget and the 2016-17 MYEFO
(Statement 9 page 16)
"The Australian Prudential Regulation Authority (APRA) is responsible for the Financial Claims Scheme. Under the Financial Claims Scheme, any payments to account-holders with eligible protected accounts or eligible claimants would be made from APRA’s Financial Claims Scheme Special Account. Under the legislation, upon activation, up to $20 billion per institution would be available to meet Financial Claims Scheme payments and up to $100 million for administration costs per institution."
All this wonderful and free to use stuff like searching the internet, sharing facebook and instagram or just sending an email......we are their product. They profile/record us. If you use a computer they know what you bought/sold, what you watched, what you like and where you live. If you applied online for a car license/passport/bank account/phone and power account then they have even more detail on you. If you use your phone for the above then they know where you have been at what time and for how long. All of this stuff is for sale to any interested party.
The US govt. pretends to be dismayed at all of the above and pretends to look out for our interests with their phony senate investigations but that is BS...their intelligence agencies are linked to these computers 24/7 (under the guise of anti terrorism). Proven by the fact that any new immigrants to the USA are now to have to have 5 years of their social media history scanned/processed to satisfy immigration standards. The USA has all our info and their biggest corporations and agencies get to USE IT!
All in my opinion but you get the drift.
Please share and have a great day!
CV
(20min delay)