The Mysterious Death Of A UN Secretary General

“Fight Against Stupidity And Bureaucracy”

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UN Secretary General Dag Hammarskjöld

Not quite up there with the Kennedy assassination conspiracy, but still a mystery, is the death of UN General Secretary Dag Hammarskjold who was killed in an airplane crash – some say assassinated – on September 17, 1961.

On that fateful day, a Douglas DC-6 transport aircraft with Hammarskjöld on board crashed in the British-administered territory of Northern Rhodesia (now called Zambia). Not only Hammarskjold, but everyone on board was killed in the crash.

Three investigations into the crash were held, conducted by the Rhodesian Board of Investigation, the Rhodesian Commission of Inquiry, and the United Nations Commission of Investigation.

Dag Hammarskjöld plane shot down

As usual in these non-investigation investigations, “pilot error” was noted as the most likely cause of the tragedy.

But the UN Commission of Investigation held in 1962 said that deliberate sabotage could not be ruled out as a likely cause of the tragedy, which of course set the conspiracy theorists on over drive.

Since then many academics and independent investigators, such as Swedish development expert Göran Björkdahl and British academic Susan Williams, have raised the possibility that the plane carrying Secretary General Hammarskjöld may have been “shot down by an unidentified second plane”.

Just after the tragedy the eagerness shown by British colonial administrators in Northern Rhodesia to obscure the details of the incident has also been highlighted and has provided further impetus for those pointing to foul play.

Like many others who have met similar fates, Hammarskjöld probably contributed to his own downfall because he was an independent thinker, not content to remain in the pockets of the powers that be. He was, for example, a fierce supporter of anti-colonial movements that were sweeping the African continent, many of which were not in the interests of their colonial masters at the time.

Congolese Prime Minister Patrice Lumumba

This is borne out by the fact that on the day of his death, Hammarskjöld was flying to the Congo’s mineral-rich Katanga region to meet European-supported chieftains who in 1960 had seceded from the Marxist government of Congolese Prime Minister Patrice Lumumba.

Lumumba had been assassinated in a Western-backed coup exactly eight months before Hammarskjöld’s own death. The person said to have arranged his assassination was Daphne Park, one of MI6’s top female intelligence agents and known by some as the “Queen of Spies”.

Moving on in time to three years ago, in 2012, the independently funded Hammarskjöld Inquiry Trust appointed an international team of jurists, called the Hammarskjöld Commission, to study all available evidence on the plane crash. The team was composed of a diplomat and three judges from the Netherlands, the United Kingdom, South Africa, and Sweden.

The Commission reported in 2013 that “significant new evidence” had emerged, which suggested that American intelligence agencies, notably the National Security Agency and the Central Intelligence Agency, had “crucial evidence” that could help clarify the causes of the crash.

UN Secretary General, Ban Ki-moon

This led to the current UN Secretary General, Ban Ki-moon, appointing a UN-sponsored panel of experts to examine the new evidence and present it before the UN General Assembly. The three-member panel traveled to several countries, including Zambia, the US, Britain and Belgium, to access government, as well as private archives.

That ‘new evidence’ is said to include written testimony by a Belgian pilot who says he shot down the plane carrying Hammarskjöld by error while trying to divert it on orders by a government entity, and a statement by a former intelligence officer with the US National Security Agency, admitting he listened to a recording of a pilot who said he shot down the UN Secretary General’s plane.

Damning stuff – if true.

Is it really possible that more than half a century later the truth about  “one of the enduring mysteries of the 20th century” is finally going to be heard?

Don’t hold your breath on that one. It all depends if those who ordered the assassination think they can get away with it after all these years.

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So who really did kill JKF, more importantly, why, and how long are we going to have to wait to find out?

JFK assassination headline

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“No Credit. Bad Credit. All Credit. 100 Percent Approval.”

“Fight Against Stupidity And Bureaucracy”

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We had it with the real estate market. Billions of dollars being lent to people who obviously couldn’t afford it.

We saw the trouble, hardship, misery and financial woes that were caused as credit dried up, real estate prices began to tumble, and bankruptcies and foreclosures increased.

And we know the damage it did to the economy when irresponsible banks and other lenders went bust and almost brought down the entire financial system. 

Smart people would learn from such a situation.

Smart people would never contemplate doing such a thing again.

But despite what they would like to have you believe, bankers are not smart people. They’re dumb and they are greedy, a deadly combination.

bad credit 100 percent financing

As a result of the financial crisis millions of Americans (and people in other countries too) have been left with poor credit scores. Yet remarkably they are now able to easily obtain auto loans from used-car dealers, including some who fabricate or ignore borrowers’ abilities to repay. Even if you are bankrupt or living only on social security, banks like Wells Fargo will lend you thousands of dollars to buy a used car.

It’s called the new sub-prime boom, because the lack of caution resembles the frenzied sub-prime mortgage market before its collapse. And it is already bringing misery to many people who have been suckered into taking out loans that they clearly could not afford.

Worse than that, these sub-prime auto loans often come with terms that take advantage of the most desperate, least financially sophisticated customers, with interest rates that can exceed 20 percent. And many of the loans can be at least twice the value of the second hand cars they are being used to purchase!

wall street car crash

This creates a vicious circle for some borrowers, who still owe money on a car that they are trading in when they purchase another one, meaning that the former debt is rolled over into the new loan and they end up, not just paying too much for their current car, but also continue to pay off the loan on their previous car that they don’t even have!

This is the way loan sharks operate. Eventually you end up borrowing your own money and paying them interest for the privilege!

This surge in sub-prime auto lending is being driven by some of the same dynamics that were at work in sub-prime mortgages. There is a veritable deluge of money pouring into sub-prime autos, as the high rates and steady profits of the loans attract investors.

And just as Wall Street stoked the boom in mortgages, some of the nation’s biggest banks and private equity firms are now feeding the growth in sub-prime auto loans by investing in lenders and making money available for loans.

To quote some of the figures, auto loans to people with bad credit have risen more than 130 percent in the five years since the immediate aftermath of the financial crisis, with roughly one in four new auto loans last year going to borrowers considered sub-prime, that is, people with credit scores at or below 640. Wells Fargo, mentioned earlier, made $7.8 billion in auto loans in the second quarter of this year, up 9 percent from a year earlier, and has at least $50 billion in auto loans on its books.

greedy bankers

Even worse, as was the case with sub-prime mortgages before the financial crisis, many sub-prime auto loans are being bundled up into complex bonds and sold as securities by banks to insurance companies, mutual funds and public pension funds. They are all scrambling for these, which in turn creates ever-greater demand for loans, and leads to the banks issuing more and more sub-prime credit.

Unbelievably it’s the same crooks doing exactly the same thing, including using incorrect information about borrowers’ income and employment, so that people who had lost their jobs, or were bankrupt, or living on Social Security, could qualify for loans that they could never afford.

carbuying credit report

Admittedly, the size of the sub-prime auto loan market is only a tiny fraction of the sub-prime mortgage market at its peak, and its implosion would not have the same far-reaching consequences.

For the banks the investors silly enough to buy their bonds, that is.

But the misery is just as great for the people who are suckered into accepting credit they cannot afford.

Illegal it may not be, but immoral it certainly is.

Political leaders who sit astride high horses and purport to be working on behalf of the ordinary people should be doing something about it.

But, as I’ve said before, don’t hold your breath!

obama used car salesman

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