Meet Paul Singer: the greedy capital vulture forcing whole nations into poverty

31 Jul

Pride's Purge

(not satire – it’s the world today)

The fact you’ve probably never heard of Paul Singer says a lot about the way the world is run today.

Whole nations have been driven into poverty by Mr Singer and millions of people forced to live in extreme penury by his greed.

Singer doesn’t lend money  – he buys up old debts then like an old-style gangster he demands outrageous interest payments for them.

The private companies which do this are known as vulture funds and Singer is the greediest vulture of them all.

As just one example example of his activities, a few years ago Singer bought up the Republic of Congo’s historic debts for $10 million and demanded the poverty stricken nation pay him back at a rate of over 1,000%.

The country – scared of the consequences of defaulting – duly paid Singer $127 million, money which could have been spent on roads…

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