Carlyle Group set to go on a spending spree
Posted by unbrand on 14 October 2002 | 0 Comments
The Carlyle Group, the investment group run by Reagan/Bush folks (including former Secretarty of State James Baker, former Secretarty of Defense Frank Carlucci, former UK Prime Minsister John Major, and George H. W. Bush) which invests in global and domestic “interests,” recently announced a $600 million fund. What does this mean?
The Carlyle Group just raised $600 million from pension fund managers, institutional investors, and high-net-worth individuals so they can invest it and return profit for the investors. All this at a time when our economy is in the toilet. During the dot-com boom, you would hear about high-flying Silicon Valley venture capital firms raising that kind of money, but the economy isn’t what is was then, and the Carlyle group is much more interested in more conservative ventures. When a country is at war, or about to be at war, what kinds of investments do well? Some domestic investments might do well under those circumstances, but there is far more money to be made from international investmensts.
Other investors in the Carlyle Group include members of the bin Laden family. They pulled out when things got too hot. See Red Herring article below or do a search for “bin laden carlyle group” on Google.
The Red Herring has a good overview of the Carlyle Group. There are many more articles on the net about the Carlyle Group, and the Bush family’s involvement in funding nefarious interests around the globe. In the past couple of years, mainstream media has published artlicles about this connection, including slate.com and The Boston Globe. It is well documented that our current presindent’s grandfather, Prescott Bush, was investing in, and helped industrialize the Nazi regime. In fact, the federal government had to invoke the “Trading with the Enemy Act” in order to get Prescott Bush to divest from the Nazis.
So where does that leave us? Well, I’m not sure, but there’s an awful lot of precedent here for some scary profit-making from the blood of war. Of course, it will be difficult to trace exactly where that $600 million will go, but it looks like there are some time-honored Bush family traditions to be upheld.