Finance
Lawyer releases new book on how FETO scams US taxpayers to finance its schools
ISTANBUL
Canadian worldwide lawyer Robert Amsterdam unveiled his second e book on the Fetullah Terrorist Group (FETO) and the way it defrauds the US training system and taxpayers to fund its community of constitution faculties within the nation throughout a presentation Thursday at a resort in Istanbul.
In “Empire Of Deceit: Vol II: Internet of Affect,” Amsterdam sheds mild on the group of the FETO-affiliated faculties within the US and the corruption surrounding them, together with monetary violations and misconduct.
“It’s completely no doubt clear that not solely have the Gulen faculties served because the important supply of funding for the Gulen group and FETO however that the corruption of US procurement is widespread,” mentioned Amsterdam, referring to FETO’s US-based chief Fetullah Gulen, who the Turkish authorities blames for orchestrating a failed coup try in Türkiye on July 15, 2016 by which 251 folks have been killed and a couple of,734 injured.
“We’re speaking about what we estimate to be $4 billion… going into FETO’s coffers on account of the general public funding and taxpayer funding of the now 250 FETO faculties all through the US,” added Amsterdam, who’s the proprietor of the legislation agency Amsterdam & Companions (LLP).
“Let me simply say that the Gulen faculties are like an important organ for the group. That is each economically necessary and organizationally. We’re speaking about an estimated $4 billion economic system. The economic system in these faculties is extra just like the American economic system. It goes out of the pockets of taxpayers and 250 faculties are financed with this cash. These deceptions of FETO are included within the 700-page e book,” he added.
Amsterdam mentioned the colleges, which pledge allegiance to Gulen, have been established and strengthened because of connections with influential foundations just like the Rumi Discussion board, whose conferences have been attended by main American political figures together with Hillary Clinton, which enabled the FETO associates to develop sturdy relations with the politicians there whereas the American public weren’t conscious of such a company’s shut ties with the phobia group.
However FETO’s operations within the US are not clean for the reason that US Division of Training took a take a look at Amsterdam’s first e book, “Empire of Deceit: An Investigation of the Gulen Constitution Faculty Community,” and now FETO should be clear in its actions, together with actual property contracts by way of which it generates income by rising its prices, based on Amsterdam.
One other spotlight of his speech on the presentation have been the relations between FETO and Enes Kanter, a former NBA basketball participant and the self-styled “adopted” son of FETO chief Gulen who now provides lectures within the US neighborhood on human rights whereas growing deep ties with American politicians.
“A human-rights activist (that’s) self-appointed, a critic of Turkey, however a person whose Gulenist credentials by no means appear to return out within the American press. He lectures the Republican Get together. He has his personal conferences in Congress. And nobody within the Republican Get together has taken the time to ask this international coverage genius about his relationship to the Gulen group,” he mentioned.
One thing “very fascinating” got here up as Amsterdam’s agency was investigating the ties of Kanter’s basis – the Enes Kanter Freedom Basis – with different institutions within the US because it simply occurs that this basis occupied the identical deal with with an organization referred to as Arlington Strategic Provides and Manufacturing LLC.
“This man (Kanter), who’s parading as a human rights determine, has lots to elucidate by way of his relationship to Gulen…the very nature of the human rights he’s making an attempt to defend. As a result of on the finish of the day, you can’t be a cult member and be an advocate for human rights, as a result of the very nature of this cult is to disclaim important freedoms for non-believers,” he mentioned.
Furthermore, the FETO constitution faculties within the US cost US taxpayers for training whereas favoring white kids and discriminating towards Black and minority-linked kids, he mentioned, underlining that this strategy totally contradicted with US rules.
Likening the terrorist group to a “most cancers,” he mentioned FETO additionally posed a risk to US safety. The group is a fancy mafia-like entity stealing from even the poorest folks and is a international coverage drawback.
Ankara accuses FETO of being behind a long-running marketing campaign to overthrow the Turkish state by way of the infiltration of Turkish establishments; notably the army, police and judiciary.
*Writing by Ali Murat Alhas
Anadolu Company web site incorporates solely a portion of the information tales provided to subscribers within the AA Information Broadcasting System (HAS), and in summarized type. Please contact us for subscription choices.
Finance
Personal finance lessons from Warren Buffett’s latest letter
Last Nov. 25, Warren Buffett announced that he would donate a substantial portion of the shares he owned in Berkshire Hathaway to his four family foundations.
In his announcement, he included a letter which contained some important personal finance lessons that we can apply to our own situation.
One of my favorites is his comment that hugely wealthy parents should only leave their children enough so they can do anything but not enough that they can do nothing.
Despite being one of the richest men in the world, Buffett shared that his children only received $10 million each when his wife died. Although $10 million is a lot of money, it’s less than 1% of his wife’s estate.
I am not hugely wealthy, nor do I have $10 million. However, Buffett’s comment about just giving our children enough made me reflect on the importance of also making our children resilient.
Many of us want to make sure that our children will be financially secure by the time we pass away. While there is nothing wrong with this, sometimes we go overboard in making sure that this goal is met.
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For example, sometimes my husband and I are guilty of overindulging our children.
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Warren Buffett’s comment reminded me that we should also allow our children to go through difficulties so that they will become resilient and learn how to survive comfortably with less. Aside from letting them know that they shouldn’t expect much in terms of inheritance, this could mean limiting their allowance, allowing them to commute to school when there is no car available, and saying “no” to their request to buy nice and expensive things like the latest top of the line gadgets.
Another thing that we are guilty of (especially if you are Filipino Chinese like me) is thinking that we need to build a successful business so that our children will eventually have a steady source of income and the bragging rights of being their own boss.
Although there is nothing wrong with building a successful business, passing it on to our children should not be a priority. This is because there’s no guarantee that our children will want to run our business. In fact, they might not be equipped to run the business properly. If that is the case, they may end up running our business to the ground. This would put them in a worse position, especially if they were raised to think that they do not have to worry about money because they have a business that will take care of them.
Another personal finance lesson Warren Buffett shared is the importance of being grateful and learning to give back.
In his comments, Warren Buffett acknowledged the role of luck in making him wealthy—being born in the US as a white male in 1930 and living long enough to enjoy the power compounding.
However, he recognized that not everyone is as lucky as he is. Because of this, Buffett and his family are focused on giving back so that others who were given a very short straw at birth would have a better chance at gaining wealth.
Learning how to be grateful is very important. We cannot be truly happy unless we are grateful for what we have. In fact, many people who are rich are unhappy because they constantly compare themselves to others who have something that they don’t.
Meanwhile, giving back is a natural outcome of being grateful. It is also very fulfilling. For example, in my company COL Financial, we believe that everyone deserves to be rich. This is why we actively educate Filipinos on personal finance and the stock market.
Helping Filipinos better manage their hard-earned money is one of the greatest fulfillments of my career as an analyst. In fact, this is one of the reasons why I have stayed as an analyst despite the availability of other higher paying jobs.
Finally, Warren Buffett shared the importance of learning how to say no.
People who are wealthy will always be approached by friends, family and others seeking help. Although giving back is important, there is a limit as to how much we can give. Because of that, we need to learn how to say no, even if it is difficult or unpleasant.
To make it easier for his children to say no, Buffett’s foundations have a “unanimous decision” provision which states that unless all his three children agree, the foundations cannot distribute funds to grant seekers.
Although most of us are not as rich as Buffett, we can also benefit from having an accountability partner to help us say no to requests for help. That person can be our spouse, our sibling, or someone who shares our values and understands that while we want to be generous, our resources are limited. Our accountability partner can also help us decide who we should or should not help which is also a difficult task.
Warren Buffett ended his letter by saying that his children spend more time directly helping others than he has and are financially comfortable but not preoccupied with wealth. Because of that, his late wife would be proud of them and so is he.
As a parent, I’d be happier to have children who grow up to become productive citizens with good values rather than to have children who become very rich but are dishonest and greedy. INQ
Finance
Personal finance guru Dave Ramsey warns over 'mind-blowing' Christmas debt
Holiday spending is putting a big strain on American wallets and leaving some in debt well past the holiday season; however, personal finance expert Dave Ramsey said ‘mind-blowing’ debt can be avoided.
“The average over the last several years has been that people pay their credit card debt from Christmas into May,” The Ramsey Solutions personality shared during an appearance on “Fox & Friends” on Wednesday. “So it takes them about half the year to come back, and because they don’t plan for Christmas… it sneaks up on them like they move it or something.”
According to a study conducted by Achieve, the average American will spend more than $2,000 for the 2024 holiday season, breaking down the outflow of cash into travel and holiday spending on hosting parties, food, clothing, and other gifts.
STOP OVERSPENDING OVER THE HOLIDAYS AND START THE NEW YEAR OFF FINANCIALLY STRONG
Another recent survey by CouponBirds indicated that parents will spend an average of $461 per child and that 49% of parents will go into debt to pay for this Christmas.
The Ramsey Solutions personality balked at the amount of money shelled out for the season while explaining that the holiday should not come as a shock, and that spending for it should be planned out.
“Those numbers are mind-blowing when you look at the averages there. That’s a lot of money going out,” Ramsey added, “all in the name of happiness comes from stuff, and it doesn’t.”
He also weighed in and agreed on advice from fellow expert, Ramsey Solutions personality and daughter Rachel Cruze, who suggested making a list of people to shop for and noting how much to spend on each.
“You know, I’m old, and I met a guy from the North Pole,” the expert joked. “He said ‘make a list and check it twice,’ so Rachel’s right.”
Ramsey followed up by expanding on his daughter’s suggestion: “If you do that, and you put a name beside it, and then you total up those dollar amounts, you have what’s called a Christmas budget.”
“If you stick to that, you won’t overspend,” “The Ramsey Show” host remarked.
The money guru pointed out what he sees as problematic with the holiday season – not taking a shot at Christmas itself – but referring back to the spending issues.
“The problem with Christmas is not that we enjoy buying gifts for someone else. That’s a wonderful thing,” he reassured. “The problem is we impulse our butts off, and we double up what we spend because the retailers make all their money during this season.”
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Ramsey concluded by advising shoppers to be wary of retailers and to not be ensnared by their marketing strategies.
“They’re great merchandisers,” he warned. “They’re great at putting stuff in front of us that we hadn’t planned to buy.”
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