Palm oil and the old saying about grease my palm may share more than you imagine.
If you're a reader of labels like we are then you know about palm oil, also known as vegetable oil. It's been around for years. And if it were any more wide spread it'd be one of my old girl friend's waistline. Note here the emphasis on old.
Trails usually start out wide and get narrower as you go along. Like a lot of things in big finance, however, this one is just the reverse. But keep going you just might discover some big names.
Hello, The World Bank and Deutsche Bank and Allianz, the owner of Pimco, the huge bond mutual fund run by Bill Gross, to name a few. Recall along the way Voltaire's comment about following a banker if he jumps out of a window 'cause there's mostly likely a profit in it.
Back to palm oil. Nearly one of every two products on your grocer's shelf contains palm oil. From cosmetics to food to household products, look carefully and you'll likely find some palm oil. It's even been mentioned as a possible bio-fuel to replace the fossil burning stuff. Much of it comes from Indonesia.
So that should tell you something about greasy palms.
http://www.spiegel.de/international/world/indonesian-villagers-driven-from-villages-in-palm-oil-land-theft-a-967198.html
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