March 2023
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Is Sunak just another corrupt multi-cultural (self-)enricher?

Wednesday/Thursday blog

Pakistan’s pretend pilots

Let’s start in Pakistan. After a plane crash in 2020, an investigation revealed that more than 30% of civilian pilots in Pakistan had fake licenses and were not qualified to fly, Addressing Pakistan’s National Assembly, Ghulam Sarwar Khan the cesspit’s aviation minister said 262 pilots in the country “did not take the exam themselves” and had paid someone else to sit it on their behalf. Pakistan has 860 active pilots serving its domestic airlines – including the country’s Pakistan International Airlines (PIA) flagship – as well as a number of foreign carriers, Khan said.

I suspect that if you looked at any other area of qualification in rotten Crapistan – doctors, engineers or whatever – you’d get similar results. Qualifications in Crapistan are often obtained by bribery, cheating and, in the case of attractive females by providing sexual services to teachers and examiners.

Crapistan is number 140 out of 180 countries on Transparency International’s Corruption Index. Denmark and Finland are ranked as the least corrupt countries with the UK coming in an number 11 – around the same level as countries like Germany, Austria and Canada.

India – almost as rotten as Pakistan?

That brings us to Pakistan’s neighbour – India. India is where our eminent Prime Minister’s family originally came from I believe. India is at number 85 on Transparency International’s Corruption Index – close to countries like Belarus, Colombia and Ethiopia. So, India is considerably less corrupt than Pakistan. But it’s not the kind of place where honesty is key to success.

Our Prime Minister, Rishi Sunak was a founding partner of Theleme Partners and one of the executives managing its US office. He left the firm in 2013, returning to the UK to pursue his political career.

The Guardian reported that: ‘It is not known whether Sunak retained any investment in the Theleme fund after leaving. Theleme is registered in the Cayman Islands, a tax haven which does not make company records public. Ordinarily, a partner in a hedge fund would own a stake in the management company and have money invested in its fund.’

A standard rule of investment, I think, is that one should have a diversified portfolio in order to be shielded from share price collapses in any one sector. And you certainly wouldn’t have more than say 10% in just one company. But Theleme Partners has a massive 34.63% of its money in just one company – Moderna – a leading supplier of mRNA vaccines.

Theleme’s next largest stake is 29.42% in Wells Fargo Company. But after that, no other company represents more than 7.8% of Theleme’s holdings and most are around just 4% to 5%.

So Theleme has more than 64% of its money in just two companies. That’s not very diversified. In fact, a cynic might be tempted to suspect that an investment company would only have such a concentrated portfolio if it either had inside knowledge about or the ability to influence the share prices of its main holdings.

In December 2022 it was announced that Moderna and the UK government have entered a ten-year strategic collaboration to build a messenger ribonucleic acid (mRNA) research, development and manufacturing facility in the country. The latest development comes after the parties announced an agreement in principle in June this year.

Moderna has, if I remember correctly, done similar deals with the Australian and Canadian governments.

The Moderna Innovation and Technology Centre (MITC) in the UK is expected to offer access to a locally produced future mRNA vaccine portfolio against respiratory viruses, subject to regulatory evaluation and licensure. The vaccine manufacturing facility will also offer National Health Service (NHS) patients access to the company’s Covid-19 vaccines that can provide protection against various variants.

The Guardian reported that: ‘Sunak declared in the list of ministers’ interests that he was the beneficiary of a blind trust. The contents of the trust have not been disclosed to the public.’

I guess Moderna must be a pretty smart investment for those in  the know. After all, soon you won’t be allowed to work, travel, study in school or university or even leave your home unless you can prove you’ve had the latest round of Moderna mRNA fake (and potentially dangerous) supposed ‘vaccines’.

By the way, Moderna’s stock-market listing code is MRN. Looks somewhat to mRNA as in mRNA vaccines? What a coincidence.

If Sunak’s blind trust happens to still have money in Cayman Islands-based Theleme Partners with their massive investment in Moderna, who seem to have become the main supplier of largely untested and potentially harmful vaccines to several governments, then it would seem that Mr Sunak is a very lucky man!

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