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mitty14u2

(1,015 posts)
Wed Aug 10, 2016, 04:35 PM Aug 2016

Wall Street Mega-Banks Are Buying Up The World’s Water

A disturbing trend in the water sector is accelerating worldwide. The new “water barons” — the Wall Street banks and elitist multibillionaires — are buying up water all over the world at unprecedented pace.

Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays Bank, the Blackstone Group, Allianz, and HSBC Bank, among others, are consolidating their control over water. Wealthy tycoons such as T. Boone Pickens, former President George H.W. Bush and his family, Hong Kong’s Li Ka-shing, Philippines’ Manuel V. Pangilinan and other Filipino billionaires, and others are also buying thousands of acres of land with aquifers, lakes, water rights, water utilities, and shares in water engineering and technology companies all over the world.

The second disturbing trend is that while the new water barons are buying up water all over the world, governments are moving fast to limit citizens’ ability to become water self-sufficient (as evidenced by the well-publicized Gary Harrington’s case in Oregon, in which the state criminalized the collection of rainwater in three ponds located on his private land, by convicting him on nine counts and sentencing him for 30 days in jail). Let’s put this criminalization in perspective:

Billionaire T. Boone Pickens owned more water rights than any other individuals in America, with rights over enough of the Ogallala Aquifer to drain approximately 200,000 acre-feet (or 65 billion gallons of water) a year. But ordinary citizen Gary Harrington cannot collect rainwater runoff on 170 acres of his private land.

https://www.popularresistance.org/wall-street-mega-banks-are-buying-up-the-worlds-water/

Beware when you buy property, it was just mineral rights, now its water, greed has no boundaries.

11 replies = new reply since forum marked as read
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Wall Street Mega-Banks Are Buying Up The World’s Water (Original Post) mitty14u2 Aug 2016 OP
Bayer-Monsanto. Depletion of aquifers. The TPP. This. cali Aug 2016 #1
+ 1,000 RapSoDee Aug 2016 #4
The rich just want to own everything Angry Dragon Aug 2016 #2
Nah, they really don't. Just commodities that will become Hortensis Aug 2016 #11
Nestle's in on this, too. Qutzupalotl Aug 2016 #3
kick... think Aug 2016 #5
Maybe they can capture the oxygen out of the atmosphere someday... Buckeye_Democrat Aug 2016 #6
Going full circle ... JustABozoOnThisBus Aug 2016 #7
And poisoning what they can't. Shandris Aug 2016 #8
can you sue the water right owners if you're injured in a flood? Demonaut Aug 2016 #9
The BFEE bought huge portions of Paraguay for the aquafers back 10 or so years ago Doremus Aug 2016 #10
 

cali

(114,904 posts)
1. Bayer-Monsanto. Depletion of aquifers. The TPP. This.
Wed Aug 10, 2016, 04:45 PM
Aug 2016

These are real issues. They are world wide threats and they underline the increasing power of corporate entities.

And we ignore them at our peril.

RapSoDee

(421 posts)
4. + 1,000
Wed Aug 10, 2016, 05:37 PM
Aug 2016

This is The Republican Way, Inc.

We will all be consuming corporate GMO-glyphosate food-like 'product'
and begging for thimbles of corporate 'purified' water-like fluid.
And we WILL pay to 'like' it. Or else.

Hortensis

(58,785 posts)
11. Nah, they really don't. Just commodities that will become
Thu Aug 11, 2016, 06:24 AM
Aug 2016

more valuable over time. We can't live without fresh water. Fresh water supplies are becoming scarcer over much of the planet. Therefore the price will go up. Obviously, further privatization of this incredibly important national resource is not in OUR interests.

Qutzupalotl

(14,313 posts)
3. Nestle's in on this, too.
Wed Aug 10, 2016, 05:06 PM
Aug 2016

They own San Pellegrino, the only commercial mineral water I like. When I found that out, I got a SodaStream and a Brita pitcher. Now I make as much as I want, and it's cheaper (and doesn't line Nestle's pockets)!

Buckeye_Democrat

(14,854 posts)
6. Maybe they can capture the oxygen out of the atmosphere someday...
Wed Aug 10, 2016, 06:04 PM
Aug 2016

... and then sell it to us?

All with government approval.

 

Shandris

(3,447 posts)
8. And poisoning what they can't.
Wed Aug 10, 2016, 06:22 PM
Aug 2016

Three separate articles on cities with fouled water today in North America alone, and a continuing but completely and TOTALLY hushed up incident happening rather locally.

Three times is enemy action.

I'm sure the self-sufficiency thing is no big deal. Venezuelans, for one, sure do know the power of trusting their government to take care of food supplies! I wouldn't give it a second thought.

Doremus

(7,261 posts)
10. The BFEE bought huge portions of Paraguay for the aquafers back 10 or so years ago
Wed Aug 10, 2016, 06:47 PM
Aug 2016

It was when junior was in office. At the time it was said to be the largest individual water holdings in history and a major tipoff of the coming water wars.

Poor kids being born today are going to have to learn to fight the oligarchy for the barest necessities.

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