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Fritz Walter

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Member since: Sat Mar 21, 2015, 07:08 PM
Number of posts: 3,161

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Want to stop money laundering? Require names of "Beneficial Owners"

While spending a few days visiting “up north,” I saw this editorial in today’s Globe and Mail.

Apparently, Canada is also seeing a huge impact of money laundering. For instance, in British Columbia,
...reports estimated that $5-billion was washed through the province’s real-estate market in 2018, inflating prices by 5 per cent.

There is good reason to believe that the same is happening in other Canadian cities. A report in March from Transparency International tallied almost $30-billion of “unknown funds” – from entities whose true ownership is cloaked – that have been pumped into the Greater Toronto Area housing market since 2008. Of that figure, $9.8-billion worth of deals were done in cash, avoiding the few checks on money laundering that exist in real estate.

B.C.’s money-laundering reports – on casinos, luxury cars and real estate – are the beginning of the story, not the end. The province last week announced a public inquiry, which should be a prelude to action.

It appears that our northern neighbors (neighbours?) have legislators with actual backbones. In this province, their parliament has come up with an effective solution: name names. Presumably, ass-kickings may follow.

An essential first step is a public registry of who owns what real estate. B.C. has taken the lead with first-in-Canada legislation introduced this spring that will reveal beneficial owners – the names of actual people – behind structures such as numbered companies.

As Transparency International argues, disclosure of beneficial ownership “should be a prerequisite for any property transfer.”

Just out of curiosity, has this idea ever occurred to our own* public servants?

Perhaps it’s the local climate. Or the great dining experiences I’m enjoying here, but is it “aluminium” hat-worthy to suggest that this is part of Putin’s scheme? Encourage (require?) Russian oligarchs to buy up property in western countries. No only to avoid taxes and other, pesky government “interference”, diversify holdings, and other easily recognizable advantages of money laundering; but also add to the destabilization of Western economies. Hyper-inflate real estate and luxury commodity sales, then watch the local/regional/national economies recede if not outright crash. Which provides even more opportunities for hidden investors to scoop up even more assets.
Nah! Must be the weather here...

We all know who owns the RepubliCONs. A list of names would read like the Moscow phonebook!

WaPo: The Red Hen Restaurant owner speaks up almost a year after asking Sarah Sanders to leave

Resistance isn't Futile.

I’ve been getting hate mail for almost a year now, ever since I asked White House press secretary Sarah Sanders to leave my Lexington, Va., restaurant, the Red Hen, last June.

At the time, the country was in turmoil over the Trump administration’s heinous practice of separating children from their parents at our southern border. In our tiny 26-seat restaurant, the horror felt simultaneously immediate and far away.

Faced with the prospect of serving a fine meal to a person whose actions in the service of our country we felt violated basic standards of humanity, we balked. We couldn’t do it.


In the days following, I tried to balance fears for the safety of my family and staff against the reality of being well-protected in a small, loving community. Overhanging it all was a sense that I’d seen this show before; don’t we all have ringside seats to the outrage circus these days? But there was plenty I couldn’t predict or assess: How likely was it, really, that the guy texting me from a Minneapolis area code was really going to come to town to set fire to our restaurant? It felt impossible to know.

There's a happy ending, and I won't spoil it for you here, other than to say that the Red Hen Restaurant is still in business.

If you can't get past the pay-wall, I'll try to add a few more great quotes in the comments.

Randy Rainbow is back!

NOW THIS: A "Glaring Double-Standard Which Is Nothing Short of Incredible"


"A new supercut video shows Fox News hosts slamming former President Barack Obama for the same actions that they either ignore or praise when it comes to President Donald Trump."

The only suggestion I would make is to change the background music. To something more appropriate, like "Yakety Sax" (The Benny Hill Show theme) for instance.

If you're unable to view the Twitter-link video, it's also available at Huffington Post.

Boomers! Remember this? Everyone else: check it out!

From the description by "Rhino" on YouTube:
You're watching the official music video for Crosby, Stills, Nash & Young - "Teach Your Children" written by Graham Nash. Originally released on the 1970 CSNY studio album "Deja Vu", "Teach Your Children" is featured on a 2018 Graham Nash career retrospective entitled "Over The Years..."

"I'm ____, and I approved this message."

A technician from the home security company I use was at my house today, and I heard his smart phone play an unusual tone: “I’m (cadet bone spurs) and I approved this message.” Apparently, someone just sent him a text message, and he’d programmed his phone to play that sound clip whenever a message is received. Very clever for a drumpf-humper!

Because I needed him to finish the installation, I decided that — since discretion is the better part of valor — I’d valiantly ignore it for the time being.

And after he left, it occurred to me: let’s fight fire with fire (instead of ire). Why don’t we program our phones to play a similar tone when a text message arrives?

So here’s my idea: in replies to this post, please include a link to your favorite Democratic candidate saying s/he approved “this message.” And then program your phone to play it with your incoming texts. The links should include a downloadable MP3 file which could be copied and converted to a tone playable on various devices.

Let’s show others that we’re just as clever as — and even more resourceful than — people who (blindly) follow the inevitable 2020 presidential opponent!
Posted by Fritz Walter | Thu Apr 4, 2019, 06:48 PM (3 replies)

Cruella DeVos, by Randy Rainbow

You certainly want to look into that:

Another classic!

Posted by Fritz Walter | Tue Apr 2, 2019, 11:43 AM (5 replies)

Randy's back... with the Mueller Blues!

Be sure to watch to the very last word!

Feeling nostalgic: Obama's best Comebacks and Rebuttal Moments, Vol.s 1, 2 and 3

Two years ago, liberalnarb posted one of these video clips here; THANK YOU FOR THAT. I hadn't seen it then, but this morning all three popped up on my YouTube feed.

It's well worth the time to watch all of them, although I must add a caution: Vol. 1 includes some exchanges between Hillary Clinton and Barack Obama during their campaign lo these many years ago.

In contrast to what we're seeing and hearing from the illegitimate occupier of the Oval Office, these are most refreshing.


Volume 1

Volume 2

Volume 3

Randy Rainbow: HE'S IN LOVE (and we're all gonna die!)

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