Skip to comments.Clintons Shutter Global Initiative as Donations Dry Up
Posted on 01/16/2017 10:34:23 AM PST by VitacoreVision
The Clinton Global Initiative (CGI) filed a WARN Worker Adjustment and Retraining Notification with New York States Department of Labor on Thursday, announcing that, effective April 15, 2017, it would be closing its doors and laying off 22 employees. The CGI's stated reason: Discontinuation of the Clinton Global Initiative.
Following the election, foreign governments that had been regular donors began cutting their contributions to the Clinton Foundation, some severely. For example, news.com.au noted that the Australian government has not renewed any of its partnerships with the scandal-plagued Clinton Foundation, effectively ending 10 years of taxpayer-funded contributions worth more than $88 million. The government of Norway, which had been contributing as much as $20 million a year to the foundation, cut its contribution by nearly 90 percent.
As noted by the New York Observer, these cuts indicate that the organizations clout was predicated on donor access to the Clintons, rather than its philanthropic work.
Suggestions that the CGI, which called itself a "networking" adjunct to the Clinton Foundation, was primarily an influence-peddling scheme to enrich the Clintons in exchange for access arose in October. That's when the anti-secrecy group WikiLeaks published e-mails from Doug Band, a co-founder of CGI, indicating how the pay for access scheme worked. The Washington Post, a supporter of the Clinton candidacy for president, laid bare the details:
"The memo, made public Wednesday [October 26] by the anti-secrecy group WikiLeaks, lays out the aggressive strategy behind lining up consulting contracts and paid speaking engagements for Bill Clinton that added tens of millions of dollars to the familys fortune, including during the years that Hillary Clinton led the State Department. It describes how Band help run what he called 'Bill Clinton, Inc.', obtaining 'in-kind services for the President and his family for personal travel, hospitality, vacations and the like.'"
The closing of CGI confirmed Peter Schweizers conclusions in his book Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich, that there are "serious and alarming questions of judgment, of possible indebtedness to an array of foreign interests, and ultimately, of [Hillarys] fitness for high public office."
As Forbes noted in its review of the book, The timing of policy decisions or international deals relative to donations, transcends coincidence while Harvard Law School professor Lawrence Lessig observed, On any fair reading, the pattern of behavior that Schweizer has charged is corruption.
As Schweizer reveals, the pattern is predictable and repeated frequently: "Introductions are made. A deal is struck usually to exploit natural resources such as uranium, oil, or timber, on a large and highly profitable scale. Soon after that, enormous contributions are made to the Clinton Foundation from those who benefited from the deal, while Bill is commissioned to deliver a series of highly-paid speeches. Moreover, some of these deals require approval or review by the U.S. government [which] fall within the purview of a powerful senator [Hillary] or secretary of state [Hillary]."
Schweizer revealed how Hillary was involved in facilitating the transfer of nearly 50 percent of U.S. uranium output to Russia, benefiting large donors to her foundation. He revealed how Bill was paid enormous sums for speeches given to foreign governments and businesses which just happened to have matters pending before the State Department while Hillary was secretary. He exposed how a visit by the Clintons to Colombia was followed by the grant of lucrative logging rights to a Canadian billionaire who also happened to be a Clinton Foundation donor.
But the river of financial largesse in exchange for access has dried up. After all, when theres no influence to peddle, what other reason would there be to contribute?
Gee . . .I WONDER WHY?
But had the election gone the other way, this would be “legitimate” Presidency, right John Lewis et al?
No more influence to sell so donations dried up.
It was never a charity.
It was a money laundering scheme.
Why pay to not play?
When any business runs out of its primary product (i.e. influence) and has little to no chance of restocking, it has little choice but to shut down.
>>It was a money laundering scheme.<<
You were right the first sentence — it was influence peddling scheme.
Pure and simple.
Is there any doubt at all now as to what these people were doing?
Lock her up!
Q. What does the Clinton Global Initiative have in common with Ringling Brothers Barnum and Bailey Circus?
A. Both went out-of-business in the Spring of 2017.
Q. How were they different?
A. The circus smelled better.
Gee, I wonder why the funds are ‘drying up’?........I mean, with all the GOOD stuff the CGI is doing around the world and everything................
Scattering the potential witnesses in hope that those most in the know escape scrutiny? I hope for their families’ sakes they are up to date on their life insurance...
From $250,000 “speeches” down to $0.25. So sad. We have the Russians to thank for this, right? lol
Does that include the 'returns and refunds' department?
Not only that, but the poor and downtrodden, in these 3rd world countries will probably be better off without the Clinton's selling the population of those nations as slaves to various Donor Corporations.
Heh heh, good one!
I would renege on every deal possible that had it’s birth in the CGI and Foundation.
Let them sue and explain their bribes under oath.
Not only that but the poor and downtrodden, in these 3rd world countries, will probably be better off without the Clintons selling the population of those nations as slaves to various Donor Corporations.
No more influence to sell so donations dried up.
They were never donations. They were fees paid in advance for the PROMISE of services to be rendered.
Here’s hoping more of these hanger-ons who can NOT find jobs in DC.
Let them try to ‘earn an honesty living’ for a change.
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