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Thread: The New “Water Barons”: Wall Street Mega-Banks are Buying up the World’s Water

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    Gunco Good ole boy Black Blade's Avatar
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    Default The New “Water Barons”: Wall Street Mega-Banks are Buying up the World’s Water

    The New “Water Barons”: Wall Street Mega-Banks are Buying up the World’s Water / by Jo-Shing Yang, Global Research / May 26, 2014

    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:


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    Gunco Member Plan B's Avatar
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    My understanding is in Oregon if the rain hits the ground it belongs to the state. If it is collected off of roof or collection system it belongs to whomever collects it. Figure that one out.

    They have thought about making us put meters on our wells.

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    Gunco Veteran SouthTexasGuy's Avatar
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    Meters on your well? Holy Chit! That's crazy.

    I guess next they will want to own the clouds and the sun too.

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    Gunco Addicted for life j427x's Avatar
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    yep-- out here their making it tougher and tougher to drill new water wells.

    at the same time their pushing to get everybody signed up on "city" water-- if you sign up on city water your supposed to seal off your well.

    i don't know how they expect me to irrigate anything on city water--

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