Announcement

Collapse
No announcement yet.

Real Estate in the City of London

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Real Estate in the City of London

    http://www.vanityfair.com/society/20...de-park-london

    5 pages

    "Arkady Gaydamak, a Russian-Israeli oilman and financier, explained his elite view of accumulating wealth to me in 2005. “With all the regulations, the taxation, the legislation about working conditions, there is no way to make money,” he said. “It is only in countries like Russia, during the period of redistribution of wealth—and it is not yet finished—when you can get a result. . . . How can you make $50 million in France today? How?”

    "Russia’s former privatization czar Anatoly Chubais put it less delicately: “They steal and steal. They are stealing absolutely everything.”

    "London real-estate agents confirm that these commodity plutocrats dethroned the financiers some time before the financial crisis hit. “I can’t remember the last time I sold a property to a banker,” says Stephen Lindsay, of the real-estate agency Savills. “It’s been hard for anyone to compete with the Russians, the Kazakhs. They are all in oil, gas—that is what they do. Construction—all that kind of stuff.”"

  • #2
    Re: Real Estate in the City of London

    Corporate Sovereignty or Sovereign Corporation?

    Nations that possess enormous natural resource wealth that become unstable and fall certainly seems good for business in The City.

    I wonder where Libyan oil money will go to hide?

    Angolan?

    Equitorial Guinea?

    In a way it feels like the joint attacks by the likes of US/UK and others against tax havens like Switzerland and Caymans is simply to chase the money out and into The City.

    Hypothetically, I wonder what would happen to plundered wealth if Saudi fell?

    It would be pretty fascinating to see some charts of the money flow into The City with each crisis.

    Comment

    Working...
    X