Is Blair Actually Selling The Keys To The United Kingdom --- To Carlyle ?
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The following shocking story was run by the BBC in December 2002, and it frightened the f*ck out of This Old Brit.
Others with knowledge of the two companies concerned were equally alarmed but alas, few chose to articulate their shared 'scared-shitless' sentiments in such colourful language as he so often does .
You should start reading here, to get the gist of where we're going.
US firm (Carlyle) buys stake in UK defence labs
Then take a look at this:
QinetiQ has branched out from defence to modern technology
The Ministry of Defence (MoD) has sold a third of its defence research business, Qinetiq, to the US private equity group Carlyle
The public-private partnership (PPP) follows the government's decision in March to seek a strategic partner for Qinetiq.
The deal will see Carlyle, whose European chairman is the former prime minister John Major, take on some management control at QinetiQ.
While it's doubtful that few readers won't have heard something at sometime, about the Carlyle Group -- undisputed masters of the there's-money-in-misery business -- the opposite is probably true of QinetQ.
As for Tony Blair, well we dare say almost all the world's people have heard of him. But we bet far fewer ever read the report quoted next, from 'Truthout'. And even among those who may have, how many have really remembered?
Sunday 21 August 2005
He's eyeing up £250K job with arms trade link firm.
Tony Blair is expected to join one of the most exclusive groups of businessmen in the world after he leaves Downing Street.
The PM is being lined up for a highly lucrative position with the Carlyle Group - an American-based investment giant with strong links to the White House and the defense industry.
The firm has been nicknamed "The Ex-Presidents Club" because it has had a host of former world leaders on its books including George Bush Senior, his former secretary of state James Baker and former British PM John Major. There a also a large number of former US Army top brass.
Then, earlier this month we learned this.
Government 'to sell off Qinetiq'
Qinetiq's military products are much in demand
The government is preparing to sell its remaining majority stake in defence group Qinetiq and float the business, according to press reports.
Defence secretary John Reid could announce the £1.1bn float as early as this week, said the Sunday Telegraph.
Qinetiq is currently 56% owned by the Ministry of Defence, 31% by US private equity firm Carlyle Group, and 13% by its managers and other staff members.
Then a little later, that report was followed by this one.
Labour condemned over QinetiQ flotation
Friday January 13, 2006
The government came under fire from opposition MPs yesterday when it finally gave the go-ahead for the controversial stock market flotation of its QinetiQ defence and research arm.
The Tories accused Labour of trying to make a "quick buck" to shore up its sagging public finances while the Liberal Democrats said the sell-off - expected to raise up to £1.1bn - should be scrutinised by the National Audit Office.
The disposal was formally unveiled in parliament by the defence secretary, John Reid, who called it the logical "next step" for a business partly privatised in 2002.
The government, which owns 56% of QinetiQ, will retain a 25% stake in the business to "ensure that the taxpayer continues to benefit after the flotation".
Carlyle will also retain a holding after the listing. The investment group has a 31% stake but 51% control of the voting rights, which it bought for just £42m but are now believed to be worth £340m.
In case anyone ever doubted it, this is yet more evidence of how & why certain 'selected'' conglomorates are constantly booming in the money-in-misery business. And all at the cost of intentionally uncounted innocents' blood.
In fact, it could quite safely be said that never before in the field of human greed, have so many suffered so much for the profits of so few.
In better days under better, more honourable and honest politicans such shameless selfishness was precisely the kind of thing called 'war profiteering'. And rightly so.
For if mad Maggie Thatcher in her heyday, was quite correctly accused of having sold off Britain's so-called 'family silver', then this latest quick-cash-fix caper is akin to flogging off the very 'keys to the (United) Kingdom'.
Please believe This Old Brit when he tells you; Britain is being buggered - by the BlairBush ilk - on an almost hourly basis.