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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: sandintoes who wrote (674653)3/9/2005 9:15:00 PM
From: sandintoes  Read Replies (1) | Respond to of 769670
 
March 07, 2005
More on Power Corp and Volcker
Mr. Volcker has to explain

When you add it all up, contemporary Canadian influence abroad has all the intrigue of a fast-moving spy novel.


Andre Desmarais also sits on the China International Trust & Investment Corp (CITIC), described as the alleged investment arm of the PLA, the Chinese military. Through its subsidiaries, the CITIC could be the largest manufacturer of weapons and arms in the world.

Maurice Strong, special ambassador to the UN, has publicly stated his belief that China is the economic and ecological future of the world, a sentiment echoed only last week by Prime Minister Martin. When it comes to global influence, Canada’s Montreal-based Power Corporation is an octopus with tentacles everywhere.

Both Prime Minister Paul Martin and his mentor Maurice Strong, senior advisor to UN Secretary General Kofi Annan, worked for Power Corp.

Martin’s immediate predecessor is former Prime Minister Jean Chretien, whose daughter, France is married to Andre Desmarais, son of Power Corp’s founding father, Paul Desmarais.

Desmarais Sr. is a major shareholder and director of TotalFinaElf, the biggest oil corporation in France, which has held tens of billions of dollars in contracts with the deposed regime of Saddam Hussein.
Continuing to join the dots on Volcker and potential conflicts of interest is Volcker’s number two man on the IIC, Reid Morden. Morden has connections to Desmarais in his role of selling nuclear plants to China and others for companies dominated by Desmarais. Although he is Canada’s former intelligence chief, Morden does not answer to the Canadian government. As CFP letter writer Peter Herberg puts it, "Can you imagine the uproar if a former CIA chief did this and took part in a UN investigation that refused to cooperate with congress?

As Canada Free Press (CFP) revealed, Paul Volcker, who heads up the Independent Inquiry Commission into the oil-for-food scandal, held a seat on Power Corp’s international advisory board.

Those are some of the ties of Power Corp., oil-for-food and Fracophonie’s Land of the fleur de lis.