Canadian Financial Institutions See Potential For Next “Killer” Investment: Modernized Nuclear Weapons
One of the biggest complaints against major financial institutions and global corporations is that they put profits before morals, and the safety of others. These corporations spends millions of dollars annually to improve public perception about their activities and purposes, and often times it works. Unfortunately just because these large institutions preach and throw money towards social responsibility,it doesn’t take much investigating to uncover some of their dirtier secrets.
To start, ask yourself what do the Ontario Teachers Pension Plan Board, Royal Bank of Canada, Bank of Montreal, Scotia Bank, TD Bank, and PowerCorp, have in common? For starters they are all some of the most powerful, influential, and wealthy organization within Canada, but that isn’t the only thing binding these organizations together. Aside from sheer size and power, these institutions have found a common interest, trying to find the next killer investment, and it seems they think, they may have found it in modernized nuclear weapons. Thats right, Canada’s biggest banks, and largest teacher pension plan, have invested billions of dollars in companies whose purpose is to modernize Nuclear Weapons, but why?
According to a recent report released by the International Campaign To Abolish Nuclear Weapons (ICAN) 4 of Canada’s big 5 banks, along with major corporate powers like PowerCorp and the Ontario Teachers Pension Board have invested upwards of 5 billion dollars in international companies whose mission is to design and modernize nuclear weaponry. Although this type of behaviour should be a concern during any period, the fact that it comes amid economic, political, and religious tension around the world adds fuel to the fire. Besides, What does modernization of nuclear weapons even mean? Does it mean to kill less people? kill the right people? kill more people? We’re talking about modernizing weapons of mass destruction, the end goal will be to commit atrocities. More people should be outraged by such activity, unfortunately this story seems to have been ignored by many if not all, Canadian media outlets.
Susi Snyder, co-author of the report was quoted as saying that “After all the financial scandals, crises, and promises to act in more responsible ways, here is evidence that these same financial institutions continue to make unethical investments, into the likes of weapons of mass destruction”. Her quote pretty much sums up the situation beautifully. In a week where JP Morgan was fine 13 billion by the U.S. government for their role in the financial crisis, similar institutions are engaging in even more reckless and dangerous investment activities.
Nuclear proliferation has become a major political talking point in the global arena since the fallout of the cold war. It is common knowledge that current nuclear weapons stockpiles, if used, have the capability to destroy our planet serval times over. In other words the threat of mutual destruction has likely prevented countries from using such weapons since Japan during the 2nd world war. So why would anyone invest in companies who create such weapons? Unfortunately the answer to that question can be answered by the history books. Throughout history influential and wealthy individuals and corporations have profited and benefited significantly from war and conflict, and this time is no different. With all the tension in the world, whether it be economic or political, between Syria and the U.S, or Israel and Iran, there is conflict in the air. Are big banks taking these tensions as their cue for the next big investment opportunity? It wouldn’t be the first time after all.
Susi Snyder, again said it best by stating that “As we have seen from the chemical weapons attacks in Syria, there is a real risk that as long as weapons of mass destruction are not comprehensively eliminated they may be used — these investments in terror must be stopped!. This should be a real concern for not just Canadians, but all citizens of the world. The modernization of nuclear weapons is a watered down way of saying “more effective, and more predictable killing machines” is this really the type of investment our banks should be making? How about our teachers? Is this the kind of top down example we want to be setting for generations to come? I think not.
Of course, this isn’t a problem just limited to on Canada, the report found major multinational companies from all over the world have began to turn to such investment opportunities, which should make this development that much more concerning. As more and more of these institutions are able to get away with immoral, and unethical business practices, the more the problem will spread throughout the economy. Is this a direction our society really wants to be heading?
If you’d like to read the original Yahoo Finance article on the topic visit – http://ca.news.yahoo.com/blogs/canada-politics/canadian-banks-investing-companies-involved-nuclear-weapons-report-173715446.html
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