We can’t say she didn’t warn us…
1. To commit (money or capital) in order to gain a financial return: invested their savings in stocks and bonds. 2. To spend or devote for future advantage or benefit
See: Gina Raimondo Math Convinces Rhode Island of America’s Prospects
12:01 AM EST
January 10, 2012
By Michael McDonald
“Once I decided I was going to do it, I went for it,” Raimondo said in a Dec. 19 interview last month in her statehouse office. “I believed. I would call people and say, “I never ask for a contribution, I ask for an investment.”
Let there be NO misunderstanding about it… The Raimondos’ belong to – an insiders’ network we call the Powers That Be (PTB), the ultimate controllers, for their own benefit.
Raimondo and hubby have their OWN “special interests” and agendas, along with the Wall Street elites; Because immediately upon assuming office as Treasurer in 2011, Raimondo spearheaded a plan to move billions of dollars of pension money into higher-risk, higher-fee alternative investments, resulting in Rhode Island paying higher fees to Wall Street.
According to GoLocalProv, documents from the Treasurer’s office showed that before Raimondo took office, Rhode Island “investment fees were among the lowest of any state pension fund in the country,” but that “under Raimondo, the cost of investment fees nearly tripled” increasing fees for her Wall Street contributors almost 700 percent under her brief control.
No one knew that part of Raimondo’s strategy as Treasurer involved handing more than $1 billion – 14 percent of the state fund – to hedge funds, including a trio of well-known New York-based funds: Dan Loeb’s Third Point Capital was given $66 million, Ken Garschina’s Mason Capital got $64 million and $70 million went to Paul Singer’s Elliott Management. The funds now stand collectively to be paid tens of millions in management fees every single year by the already overburdened taxpayers of our flat-broke state.
The confluence of new investments, increased fees, below-average returns for Rhode Island taxpayers and Wall Street campaign contributions inevitably raised questions. Seeking to investigate the pension investment shift initiated by Raimondo, the Providence Journal in April of 2013 asked Rhode Island’s government to release details of deals between the state’s public pension system and major financial firms. Raimondo’s office denied and fought the request.
So, why did Raimondo fight so hard to keep secret the hedge fund managers compensations?
Because “major Wall Street firms “CONTRIBUTED” millions into her election and she was just making good on their “INVESTMENTS”!
Remember…“ ‘I never ask for a contribution, I ask for an investment.’”
According to the Institute on Money in State Politics, “the intertwined relationships were easiest to see in Rhode Island, where the state Treasurer’s office openly demanded secrecy as a way to protect the financial industry, which in turn spent big on Raimondo’s political campaigns.”
The New York Times reported that in the few years since Raimondo assumed office as Treasurer, “the Rhode Island pension system ramped up its investments in hedge funds, private equity and venture capital from zero to almost $2 billion, or more than one-quarter of its assets under management.”
A 2013 Maryland Public Policy Institute report found that “state pension systems that pay the most for Wall Street money management get some of the worst investment returns” — and Rhode Island seems a case in point. As the Times noted, “Raimondo’s move has delivered below average returns for Rhode Island’s pension fund, but has been a fee jackpot for the financial industry”, while ‘Rhode Island’s middle-class workers were forced to sit by and watch helplessly loosing huge chunks of their retirement money to Raimondo’s scorched-earth takeover of their retirement savings.’
Raimondo’s huckster financiers liked so much what she did for them as Treasurer, they needed her to move up to the Governorship – so she can wield greater havoc in implementing the next globalist agenda in taking over our public educational system along with her husband – Andy Moffit, a key principle of McKinsey and Company.
So, If you think her run for Governor was just about being Governor of Rhode Island…
Just ask husband of Gina Raimondo, Andy Moffit who specializes in school projects for McKinsey and Company. In education reform, McKinsey & Company appears to be a kind of Skull and Bones club.
A key player in all areas of so-called educational reform, (her husband) Andy Moffit of McKinsey has situated himself to be the delivery boy, and financial recipient of billions of education dollars for himself and their globalist friends.
Those involved in the charade of education reform know the names of the elite (aka Billionaire’s boys club) like Rhee, Murdoch, Broad, Walton, and Gates. But there is another BIG key player: McKinsey and Company, the most powerful “behind the scenes” operation you’ve most likely never heard of, but its stake in the game of education reform is huge and their their finger prints can be found everywhere in educational “research” and McKinsey and Co. was a key provider for research and support for the voucher model system as early as 2008 and their philosophy on education reform comes right out of a playbook by ALEC.
McKinsey & Company has followed the steps to privatize public education to the letter. First, use “research” to create a crisis. Then, promise to bring solutions to this crisis, advocating the “need” for more data. They then become the central warehouse for storing and using that data for their own purposes. There is a great deal of money to be made by McKinsey and the clients they serve every step of the way. And there is great power in being the holder of that data. The goal is to place public data, test scores from children among the most valuable data sets, into private hands for corporate profit and control.
However, in reality. if you peel back the layers of legislation, policy, reports from “think tanks,” relationships between and across education “non profits,” and political wrangling you will find the central players: the same folks who brought you the financial crisis of 2008 now – behind the scenes – spear heading education reform, along with billionaire’s selling new technological materials. There are two central themes to all of this: Profit (to them) and surveillance (of our children). Profits to be made in surveillance disguised as accountability, and surveillance is used to make profits. Privatization disguised as “choice.”
And who are their clients? Not children. They do not provide services for us. Our children are providing services for them.
This data is needed to propel education into a free market enterprise, where hedge fund managers (once stuffing their faces at the trough of the housing and banking markets) now feed off of education. They use brilliant marketing strategies, using key terms to sell their markets and services under false pretenses. For example, streamlined data collection via online learning (which benefits for-profit online educational companies like Connections Academy and Bill Gates) is marketed as “individualized learning.” School turnarounds, using vouchers and corporate model charter schools, are promoted in the name of “equity” and “access” (never mind that this surge of charter schools has increased racial segregation in many cities). Uniform and accessible data sets needed to create big data sets, created through a National Common Core, standardized testing, and the Teacher Professional Assessment (all in contracts with Pearson) are touted in the names of “accountability” and “quality control.”
But the Common Core and the mandatory standardized tests, as profitable as they are, are not the ends. They are the means. The ends are much larger. The ends lie with owning personal student data. And this is their area of greatest expertise.
In their promotional flyer “Transforming Learning through mEducation”McKinsey and Co. promote the values of hand held and mobile devices so that they can now have direct access to children as the consumers of their learning products with no messy overhead or interference from a teacher, peers, or a community of learners. They state “the market for mEducation products and services today is worth 3.4 billion dollars.” They add that, “By 2020, mEducation may address up to 70 billion” of the anticipated 8 trillion dollars spent globally.
Privatization is their goal and a compelling reason why they needed Gina Raimondo to be Governor. Because once again, she can use the power of office for herself, her husband, and their 1% of the 1% clique they belong to for their own private gains.
Her husband, Andy Moffit of McKinsey Management Consulting hires the elite to serve the elite. According to one report “McKinsey has a reputation for prioritizing profits over people, and for doing so opaquely and without public accountability.” Sound familiar? That is exactly what Raimondo did as Treasurer in protecting the elite of Wall Street in hedge funds.
These Deformers have discovered that education is the 2nd most lucrative market in America and once they create chaos and havoc, they will not let go…they are creating their worker drones for the future…there is money to be made in public ed…public money all for easy taking. All this chaos…to divert attention from the criminality in the financial and political world.
So, please understand,
RAIMONDO IS A GLOBALIST PUPPET – MARRIED TO A GLOBALIST INSIDER -WHO BOTH WORK FOR THE GLOBAL ELITE!
She produces and in return – is protected, much like their good friends, the Obamas and the Clintons – because these are The Powerful Forces That Put Her In The State House.
And if you don’t believe it – do your own homework …
* An article in The News Observer said McKinsey’s internal culture was “collegiate and ruthlessly competitive” and is sometimes described as arrogant.
* A 1993 profile story in Fortune Magazine said McKinsey & Company was “the most well-known, most secretive, most high-priced, most prestigious, most consistently successful, most envied, most trusted, most disliked management consulting firm on earth.” According to BusinessWeek the Firm is “ridiculed, reviled, or revered depending on one’s perspective.”
* But like any elite club to which membership is granted exclusively by its members, those who believe in the institution brush aside such critiques. McKinsey’s mystique may be an illusion, but the curtain has yet to be pulled back to reveal this Oz.
* The Firm: The Story of McKinsey and Its Secret Influence on American Business Hardcover –
September 10, 2013 by Duff McDonald (Author)
“They played a critical role in building the bomb known as Enron.
To an outsider, they are a consulting firm. To themselves, simply, The Firm. This revealing book uncovers the inner workings of what just might be the most influential private organization in America.”