News & Analysis
Sic Transit Bill Gates?
Bill Gates is leading a group of U.S. investors committing $1 billion for a stake in construction and fertilizer company OCI NV in one of Egypt's largest foreign currency inflows since the 2011 uprising. OCI will absorb all local stock and global depositary receipts of Orascom Construction Industries under a share exchange offer that has attracted more than $2 billion in commitments, said the company, which is relocating from Cairo to Amsterdam. Its shares will be traded in both locations. ... Orascom is Egypt's biggest publicly traded company. After exchanging their GDRs for OCI shares, the Sawiris family and Abraaj Group expect to at least maintain their holdings relative to their Orascom stakes, according to a statement today. Orascom Construction Industries, headed by billionaire Nassef Sawiris, has a market value of 55.8 billion Egyptian pounds. – Bloomberg
Dominant Social Theme: Now the smartest man in the world is an investor, too.
Free-Market Analysis: This caught our beady eye because we can never figure what Bill Gates is up to, and he is certainly a man to follow. Or at least, he was. But after announcing he was going to keep his fortune intact until he died, he changed and decided he was going to give much of it away to a friend, Warren Buffet.
Together, they created a US$ 30 billion non-profit that has been providing children overseas with various kinds of vaccines. Now our position on vaccines – following various exposes on the Internet – is that makers ought to be thoroughly investigated to make sure that the medicines do what they are held to be doing and that they do not have destructive "side effects" (which are merely other effects, not "side" ones.)
Bill Gates doesn't seem very interested in investigating vaccines, however, despite good evidence that they DO have injurious effects and cause such syndromes as autism in certain sensitive children. As we've pointed out before, Gates's interest in a variety of projects – including his own fortune – seems to be markedly on the wane.
It all started after the US government sued Microsoft successfully for monopoly practices. Of course, a company cannot maintain a market in a non-socialist country if consumers do not wish for that market to exist in its current manner. In other words, a voluntary monopoly is not really feasible, but as the US is more socialist than not these days (or perhaps fascist), it is perfectly possible that Gates was guilty ... of something, anyway.
The verdict was the beginning of the end for Gates. We noticed after that his father – a powerful lawyer – seemed to take over more and more of his affairs. And soon after that, one of his father's acquaintances, Warren Buffet, seemed to become Gates's "BFF."
It was announced that Gates had decided after all that he was going distance himself from his huge fortune and go into the philanthropy business full time. Interestingly, Gates had not seemed to us the philanthropic type. We never heard him mention the word "vaccine" before he met fellow billionaire Buffet.
Just as interestingly, Gates's wife seems as involved in his charitable endeavors as Gates himself. She seems to give lots of speeches on public health, vaccines, etc. Also, we hardly ever hear from Gates anymore, or not in any high-profile way. Used to be a pronouncement from Gates was big news; not anymore.
So we were a bit surprised to find that Gates has become an investment mogul. We are told by Business Insider that In 2012, he wound up $7 billion ahead with a net worth of $63.4 billion, according to Bloomberg's Billionaires Index published today. That means two things: One, he kept a good deal of his fortune, and two, he's been making a lot of money with his money.
Much of Gates's investing is run through Cascade Investments. According to FranklySpeaking.com, "Cascade is run by Michael Larson, a value investor who reportedly follows Buffett's principles in investing on behalf of Gates (and, indirectly, Buffett himself, since Cascade manages the portfolio of the Bill and Melinda Gates Foundation, which is the beneficiary of Buffett's pledged largesse)."
High profile Cascade investments include Coca Cola and John Deere, investments that are held – no surprise to us – by Buffet, too. And now there is this investment in OCI. Wonder if Buffet is there, as well? Here is more from the article:
Microsoft Corp. (MSFT) co-founder Gates' Cascade Investment LLC joins Southeastern Asset Management and Davis Selected Advisers in helping fund expansion in Egyptian infrastructure projects as well as other activities. The Sawiris family and Dubai-based buyout firm Abraaj Group, which together owned 60 percent of Orascom, will take part in the tender.
"The transaction underpins genuine investor appetite to invest in Egypt," said Nassef Sawiris, who was chief executive of Orascom and will be an executive director of OCI. "Unlike local shareholders who monitor events on a daily basis, sophisticated investors see the evolution of democracy having a long-term positive impact on the economy."
The Egyptian economy has struggled to recover from the chaos that followed the ouster of President Hosni Mubarak Mubarak, as foreign direct investments tumbled. The government is in talks with the International Monetary Fund for a $4.8 billion loan to help stem the decline in foreign-currency reserves.
Notice Dubai, please, one of the very favorite places of what we call the power elite, a group we figure wants an increasingly globalized world. Dubai is a kind of test tube for Islamic/Western investing and, again, we are not surprised that Gates is involved both with Egypt (which needs stabilizing) and some of Dubai's wealthiest investors.
We've observed before that Gates has provided us with a lesson about how wealth is handled in the 21st century. The elites are not about to leave the owners of large fortunes alone, in our view. Make over a certain amount – billions and billions – and you attract their attention.
The top elites are mercantilist, running governments behind the scene. After Gates was sued his father entered the picture, we believe, to smooth things over. Buffet was brought in, as well.
Conclusion: Now Gates runs a foundation and an investment company. But one seems to involve his wife and the other Buffet. How much control does Gates really have over his assets or his even his professional existence at this point? His money is obviously "in use." Sic transit gloria mundi.
Posted by Joelg on 01/20/13 04:19 PM
I'm a little late getting to this article, being woefully behind in my reading. But really nothing new here, if my memory serves me correctly. Bill Gates began selling off some of his Microsoft shares during the dotcom peak price; so the buyers of his Microsoft shares are net losers. This must be more than a dozen years ago, and the stated reason was to diversify his investments a bit; which is standard portfolio management. But I think it was also to unload the stock at the top of the market. Anyway, this was more than a dozen years ago, and back then Bill Gates was buying up shares of a company in the USA making ships (probably military ships). With as much money as he has, a company in Africa is small change for this guy. I imagine he has many other investments over the past dozen years, though I've never cared enough or thought it important enough to investigate. He could very well be carrying out policy for someone else, but maybe he has some beliefs behind this Egyptian investment or maybe it is someone else doing it all for him or some combination. Not sure what it all means, but not new; more a continuation of what began over a dozen years ago.
Posted by Marybrusse on 01/19/13 06:07 PM
May I suggest to some of you, please read John Lufton's " America's Nazi Secret: An Insiders History."
Posted by Marybrusse on 01/19/13 06:02 PM
This guy is pure evil.
Posted by stevor on 01/18/13 05:12 PM
So, more BIG BROTHER of the Corporatist crowd.
No, they can't possibly TEACH locals to do it. They never heard of the choice betwee TEACHING somebody to fish and giving them a fish.
Bil Gates is a DUFUS puppet of the Elite.
Posted by dkmeller1 on 01/18/13 05:04 PM
Thank you, Nithsdale for very informative post. I could be wrong, but as long as we are talking about the Dutch Royal Trust, wasn't Prince Bernhard a member of the Dutch Royal family, and didn't he form the infamous group of criminal financiers and globalists called "Bilderburgers" in 1954?
Are either-or both-Bill Gates or Warren Buffet Bilderburg members or directors?
Posted by dkmeller1 on 01/18/13 04:54 PM
VERY interesting questions! It will certainly be interested to see how the Gates/ Buffet/ Moslem fortune cited in that article is managed, who give what to whom, and under what conditions?
The promotion of vaccines in impoverished third-world countries, which already have vulnerable populations even less able to resist their toxic consequences (or to defend themselves or their children against badly manufactured, stored, or distributed vaccines than we are) raises profound medical and ethical issues itself.
Billions of dollars going to infect third world people using vaccines of questionable quality and safety? Makers of these vaccines aren' the only people who should be subject to investigation here. If I didn't know better, these mass vaccinations may be reminiscent of the infamous Tuskegee syphilis experiments of the early XX century!
I wouldn't put it past them!
Posted by nithsdale on 01/18/13 04:36 PM
Interesting development expose by The Daily Bell. Kudos!
There is a connection between Buffett and Gates nobody likes to mention, Both Buffett and Gates are linked to the Rockefellers, Buffett thanks to his "conservative" congressional father and Gates thanks to his grandfather who served the famous philanthropic New Yorkers.
Further, Gates' maternal grandfather was a banker heavily involved with Britain's famous Royal Trust, representing it in financial matters concerning expropriated British properties in Mexico and South America. Originally in Vancouver, he moved to the states to facilitate those duties.
These facts should give you more ammunition as you try to uncover the links to the "elites".
The Dubai "operation" is an extension of big oil's interest in the Middle East, amd the emergence of a small desert leader as a new financial heavyweight has provided shelter for their global operations. The fact that Gates, Buffett and their new Islamic partners are settling their new organizaion in The Netherlands is easily explained again with the concept of Royal Trust. The Dutch Royal Family has one that equals the British one and may be more important since the Dutch family's dalliance with the Spanish Hapsburgs certainly was a merger of two trust interests. It also explains the remarkable "expulsion" of the Dutch Prime Minister who advocated control of Islam, its actions in The Netherlands just this past year. Den Haag operates like Washington when it comes to Middle Eastern affairs! Like Germany, The Netherlands cherishes its connections to the old Ottoman Empire and seeks now to renew that compact that served both nations so well in the 19th Century! Islam is the road both must travel to do so and Egypt, with access stil to American capital through our Federal givernment, is the key to that ambition.
Gates and Buffett are going with Europe and The West is gone with them!
Posted by Kansas She Says on 01/18/13 02:16 PM
More proof that these people can--and will--use anyone to further their plans.