How is it that Warren Buffett’s Kraft can purchase Cadbury’s for £11.5bn, then has to borrow £7bn to pay for it?
The compounded interest, debt servicing and payments in kind will be put onto Cadbury’s account, thereby plunging a healthy bottom line careering into a unmanageable debt.
How can this be allowed?
The debt derivative game is killing the world, and yet the mechanism that contributed to the chase of a $700 trillion bubble is continued to flourish unimpeded.
The sad truth is that in Britain everything is for sale, our politicians sell their souls on a daily basis, all of our utility companies are in foreign hands, the stealth invasion of Britain has been underway for many a year through free market economics, not the bullshit raving neo-con inspired conspiracy theories of Britain becoming “Islamified”.
I remember when I lived in France, the company I was contracted with was bought out by the yanks, however under European law, 51% of the company had to be owned by French nationals, just like the “Kafeel”, “sponsor” system employed throughout the Emirates, safeguards industry.
The Akh has fond memories of growing up spending his pocket money on Cadbury’s classics like Curly Wurly’s, Wispa’s, Flakes and the sickly sweet Cream Egg. Now I’ve tasted “Candy” as the yanks call Chocolate, Hershey’s Kisses and the like, and let me tell you something, it’s absolutely disgusting, which is why the number one request whenever I travel to the USofA is Cadbury’s chocolate, last time it was to the tune of 10kg.
To increase their bottom line (not their fat asses, i’m talking about profit margins) Kraft will cut back the quality of ingredients used, less milk, more corn starch, so be warned, start to stock up now. The video below shows the Kraft boys already hard at work in new product development:
As for the inevitable job losses that will follow as the company will be restructured (more BS business unspeak for job losses) to Eastern Europe perhaps the Government would like to explain the failings of their economic policies that are only benefiting the owners, while putting the workers on the scrap heap.
John Cadbury will be turning in his grave to know that his Quaker beliefs that instilled such great values in the company have been sold by the suits that sit round the corporate table.