Monday, December 8, 2025
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FRAUD AS A WAY OF LIFE

When a world system collapses it doesn’t always go with a bang, it can also whimper along for quite a while! At times it takes decades, if not more. In the case of the Roman Empire demise took centuries. Nonetheless, the tale-tell signs of impending collapse are/were always there, particularly in the last phase of the dying system. The establishment or acceptance of outright fraud as the modus operandi of the system is one such tale-tell sign. In our prevailing modern world system, fraud is clearly the operating principle cutting across nations, economies and institutions of all kinds. Without the regime of pervading fraud spanning the breadth and depth of late modernity, the system will collapse in no time! See Smith’s article next column.
As an appendage or as a microcosm of the interstate system, the nation state itself has become an embodiment of generalized fraud! To sustain the prevailing global fraud, the interstate system continuously employs, amongst other things, protracted lies all over. For instance, the underlying faulty conviction of the status quo, which assumes that nonstop growth is possible on a finite planet, is one. Once such monumental lies are well established, the little lies follow automatically. Force or coercion is also used to maintain the idiotic narratives. No significant body with a critical mass is allowed to interrogate the fraudulent foundations of the world order. Obviously, the sufficiently numbed sheeple (human mass) as expected, goes along with all the lies that are preached by the establishment. The whole orientation processes, starting from the early years all the way to tertiary education, are all geared to support and reinforce the lies that flow from the powerful and numerous institutions of entrenched interests! One can also mention the other private/semiprivate institutions of indoctrinations, particularly those of the entertainment genre; movies, music, spectator sports, etc. These are some of the staunch cohorts of the global fraud system!
The modern private sector, to a large extent, is a creation of the prevailing global fraud system. On top of the above foundational lie of infinite growth on a finite planet, we also have its associated fraudulent component in finance, which is by far, one of the well-established criminal entities of the systems! As we never tire of proclaiming; Fractional Reserve Banking (FRB) on which the world’s financial/economic system is erected, is the worst (supposedly) nonviolent crime of the millennium. What is FRB? In short, FRB is a financial/banking system whereby money is created out of thin air and is lent to existence. Besides favoring those connected to the money spigot, it widely/globally encourages mal-investments and the utter destruction of the planet’s ecosystem!
The definition or even the very notion of civil society in our modern world system has become problematic. We will not engage that problematic in full, instead, we will contain ourselves within the universe of the common narratives. When a component of civil society is created and supported by capital, in various forms, surely these entities cannot be regarded as civil societies. Since many of these so-called civil society institutions form a portion of the sanctioned entities under the thumb of capital and its states, their independence is bound to remain, at best superficial. Objectively that is what prevails in many of the current nation states. Suffice is to say these entities continue to take active role in the protracted fraud system, lest they lose their direct or indirect support, financial or otherwise. NGOs (Non Governmental Organizations) are nothing more than institutional instruments in the support of the existing global order. In fact, we claim they are WSD, Weapons of State Destruction. This has always been our stand in regards to NGOs unending pronouncements. According to James Corbett; ‘NGOs are the deep state’s geopolitical ‘Trojan horses’! To think that NGOs will bring about positive change to the global system is preposterous! All in all, the major components of modern societies are engaged, directly or indirectly, in furthering the existing global fraud system. Where can one get some respite?
As it stands, the compromised elites and intellectuals of the world system are neither bold nor kosher enough to start widespread integrity systems in support of a resilient existence favoring the global sheeple. It seems the sheeple is on its own in its multifaceted struggle against the prevailing comprehensive fraud, which continues to undermine its welfare. The vacuous ‘good governance’ that is preached all over (by the status quo) doesn’t take into account the myriad consequences of the two fundamental frauds; i.e., that of unlimited growth and FRB doctrines. Therefore, besides lacking credibility, the so-called ‘good governance’ remains absolutely vacuous and frivolous. Luckily, the sheeple has started to take its own initiative to challenge this shortsighted and dangerous system built on lies and fraud. The on going movement of the ‘Yellow Vests’ in France, which just celebrated its sixth months on the streets, is one such sign! Other ascending movements that are dismantling the old guards include, the ‘populists’ (by the status quo). But what is the new populism?
The Princeton dictionary defines populism as ‘a political doctrine that supports the rights and powers of the common people in their struggle with the privileged elite.’ All new movements are still awaiting their organic activist-intellectuals to emerge to the fore and in all likelihood these movements are not going to go anywhere soon. In fact, they might well be the beacons heralding the accelerated collapse of the existing order. “The shepherd always tries to persuade the sheep that their interests and his own are the same.” Stendhal (Marie-Henri Beyle).
Good Day!

Study to be revised to allow foreign investors in commercial housing

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The Ministry of Finance, after reviewing the proposal sent from the Ministry of Urban Development and Construction (MoUDT) has expressed concerns over a proposal allowing foreign investors to participate in condo and real estate construction.
The Ministry of Finance said the proposal will cost too much money for both the government and house buyers and will not create enough jobs for citizens. Due to the fact that the ministry recommends that MoUDT take at least three years to make a deep study to provide affordable housing by inviting foreign investors.
MoUDT who accept the criticism to improve this study is currently looking back part of the study on the bid document.
A source in MoUDT told Capital that inviting foreign investors is becoming a hard task for the government.
“Some years ago like the Turkish and Chinese showed interest to participate in the housing construction but the government needed a formal guidance to participate this investors and we conducted a study but the government was not convinced and now we are looking back to the study to answer the government demand in terms of accessing finance, job opportunity that will be created when the work start here.’’
But according to the sources the current demand of house cannot be fulfilled by the current financial capacity of the local contractors.
In the current figure estimation 75 percent of the total population of the city is living in overcrowded houses or dilapidated structures, under unhygienic conditions, lacking basic urban services like safe drinking water and sewage, and in sprawling informal settlements with a growing number of shacks.
Eighty five percent of the housing structures in Addis Ababa are dilapidated and would have to be demolished or rehabilitated which would be expensive. They don’t have the minimum basic infrastructure such as flushing toilets and connection to the sewer system.
An estimated 80 percent of the 150,000 kebele houses have serious maintenance problems and are in a very bad shape. Up to 50 percent of the population is without fixed employment.
The accumulated housing backlog is estimated to be 300,000 units. Moreover, 60,000 units are needed annually to accommodate the population increase of 7 to 8 percent per year mainly as a result of migration from rural areas.
Many other urban areas such as Gonder, Dire Dawa, Harar, Mekelle, Adigrat, Shire Endasillasie, Maichew, Humera and Ambo also have similar housing problems.

Wheat imports face port problems

The government’s order to prioritize fertilizer over wheat, when being transported from the Port of Djibouti to Ethiopia has meant increased demurrage costs for wheat cargo and delay in getting wheat to the local market.
The Ethiopia Trading Business Corporation (ETBC) is responsible for distributing the wheat being imported to stabilize the market and supplied to basic institutions like higher educational facilities. However, in the past few weeks the government has given priority to importing fertilizer to be distributed to farmers before the coming rainy season which begins in June.
Sources say a huge amount of wheat has been stored at the port in Djibouti called Doraleh Multipurpose Port (DMP). Currently the wheat transported to the centre is about 20 percent of what was expected, according to sources.
Sources affiliated with Promising International, one of the major wheat suppliers for the government, told Capital that at least 2,700 tons of wheat should be transported every day but the current status is very low.
The sources claimed that lack of coordination in the procurement process has created disorder on the transportation of the country cargo from the port to the centre.
“Due to the delay at the port, which is a very hot area, the wheat may face infestation at the warehouse so this will need to be disinfected which will cost more. Then there are additional charges for demurrage and scarcity in the local market,” sources said.
In late April the Federal Transport Authority in a letter signed by Abdissa Yadeta, Director General of the authority, indicated that transporting companies should fully focus on the transportation of fertilizer before the rainy season comes.
The corporation’s acting head Tariku Berasu has also asked the Ministry of Transport, to use some of the trucks to carry out the transportation of wheat.
Tariku told Capital that they have agreed with the Ministry that some of the trucks should transport wheat. “Currently wheat is being transported from the port but it is not as much as we want,” he said. He added that the issue is not only related with fertilizer and wheat but sugar as well. That cargo is being transported in a similar manner into the country.
He said that the corporation faces extra charges due to the demurrage but he does not have further information of insect infestation.
On Wednesday May 22 Promising wrote a letter to the corporation indicating any damage would be handled by the corporation. “There have been many letters sent to you on a daily basis raising concerns about slow truck deployment from your side and warning about the possibility that infestation may develop, I regret to admit that advice has not been taken into consideration by ETBC and today we have been informed that living insects have been found at the warehouse leading to the freeze of cargo uplift,” the letter stated.
“Since our contract is governed by cost and freight all liability has been passed to ETBC after goods passed the ship’s rail in discharging the port,” it added.
Experts said that lack of coordination or some sort of sabotage that the government is unaware of may be the reason for the current incident.
“Some sort of liability has to be put on those engaged in the procurement process. They apparently did not learn a lesson from last year’s incidents,” sources told Capital.
“The case is directly related with politics since wheat is distributed for daily consumption via bread factories’ millers. If the product is delayed at the port, local market will be affected by shortage,” a source said.
Tariku said that the case may be directly related with lack of planning and coordination of assigning transporters or buying some of the products early.
Tariku further said that currently the corporation is supplying the full quota to institutions and some wheat to other consumers.

Ministry issues five mining exploration licenses

The Ethiopian Ministry of Mines, Petroleum and Natural Gas has granted five licenses to international and local firms allowing them to explore and produce Gold, Bromine, Gypsum and Gemstone minerals in Tigray and Afar regions.
The signing ceremony was held at the Ministry hall in the presence of the Minister Samuel Urkato, regional mining office heads and mining company’s managers last Thursday.
Tigray Resources Plc., a local mining firm, obtained two licenses to produce gold, copper and silver in Tigray regional state, which is expected to invest a total of 90.4 million USD to mine the minerals in two areas – Matso Bula and Databuk in north western Tigray.
The Ministry also signed a 12-year long Bromine production deal with Tanarmu Plc., a Chinese mining firm to explore and mine Bromine in Afar regional state, and invest over 57 million USD, according to the agreement.
Two other local companies, Best Gypsum Industry and Jimruk Ethiopia Mining, have secured licenses to explore gypsum and Gemstone, respectively.
Best Gypsum agreed to invest 2.7 million birr while Jimruk is going to spend 5.1 million birr during their three-year exploration activities.
According to Samuel Urkato the projects are expected to create over 600 job opportunities.
“The Five year contract agreements could be renewed depending on the performances of the companies and if the Ministry accepts the renewal,” said Samuel.
Samuel also informed the mining firms to adhere with their agreements and keep the safety of the public and the environment of their working areas safe while doing their job.
For the last nine months, the country earned the lowest revenue of 39.6 million USD from exporting mine products against the projected 766.9 million USD in the stated period.
According to the ministry, there are more than 200 foreign and local licensed mining companies engaged in the exploration and mining of minerals.