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Part 1:The Looting Machine Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa’s Wealth ..A Curse of Riches ..Futungo, Inc.

Posted By: oldmaninthedesert
Date: Monday, 16-Aug-2021 22:21:18
www.rumormill.news/179883

Good read here by Tom Burgis, on the rape of Africa in The Looting Machine Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa’s Wealth....

...Opposite the New York Stock Exchange, at what the tourist information sign calls the “financial crossroads of the world,” the stately stone façade of 23 Wall Street evokes the might of the man whose bank it was built to house in 1913: J. P. Morgan, America’s capitalist titan. The exterior is popular with Hollywood—it doubled as the Gotham City stock exchange in the 2012 film The Dark Knight Rises—but when I visited in late 2013 the red carpet lay grubby and sodden in the drizzle blowing in off the Atlantic. Through the smeared glass in the shuttered metal gates, all that was visible in the gutted interior where once a vast chandelier glittered were a few strip lights, stairways covered in plywood, and a glowing red “EXIT” sign.

Despite its disrepair, 23 Wall Street remains an emblem of the elite, a trophy in the changing game of global commerce. The address of its current owners is an office on the tenth floor of a Hong Kong skyscraper. Formerly the site of a British army barracks, 88 Queensway has been transformed into the mirrored towers of Pacific Place, blazing reflected sunlight onto the financial district. The sumptuous mall at street level, air conditioned against the dripping humidity outside, is lined with designer boutiques: Armani, Prada, Chanel, Dior. The Shangri La hotel, which occupies the top floors of the second of Pacific Place’s seven towers, offers suites at $10,000 a night.

The office on the tenth floor is much more discreet. So is the small band of men and women who use it as the registered address for themselves and their network of companies. To those who have sought to track their evolution, they are known, unofficially, as the “Queensway Group.”1 Their interests, held through a web of complex corporate structure and secretive offshore vehicles, lie in Moscow and Manhattan, North Korea and Indonesia. Their business partners include Chinese state-owned corporations; BP, Total, and other Western oil companies; and Glencore, the giant commodity trading house based in a Swiss town. Chiefly, though, the Queensway Group’s fortune and influence flow from the natural resources that lie beneath the soils of Africa.

Roughly equidistant—about seven thousand miles from each—between 23 Wall Street in New York and 88 Queensway in Hong Kong another skyscraper rises. The golden edifice in the center of Angola’s capital, Luanda, climbs to twenty-five stories, looking out over the bay where the Atlantic laps at southern Africa’s shores. It is called CIF Luanda One, but it is known to the locals as the Tom and Jerry Building because of the cartoons that were beamed onto its outer walls as it took shape in 2008. Inside there is a ballroom, a cigar bar, and the offices of foreign oil companies that tap the prodigious reservoirs of crude oil under the seabed. https://exploringrealhistory.blogspot.com/2021/08/part-1the-looting-machine-warlords.html




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