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TOPIC: Church of England has up to £10m invested in arms firm

Church of England has up to £10m invested in arms firm 08 Sep 2013 15:56 #1

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Surprised I am not. It's what the church does best and has done for a good couple thousand years. Religion is evil. Don't forget the Vatican has shares in the Berretta arms company



The Church of England has invested up to £10m in one of the world's major arms firms, which supplies systems and technology for unmanned drones and jets to conflicts around the world. The discovery, on the eve of what is set to be the biggest day of protests against DSEi – the UK's leading arms fair – in Docklands, London, tomorrow, has led worshippers to accuse church leaders of profiting from conflict.

The Church Commissioners and Church of England Pensions Board are both shareholders in General Electric (GE), with shareholdings up to £10m. Yesterday, the Church defended the investment, claiming less than 3 per cent of GE's business was based in arms sales.

But the firm, along with its key subsidiary General Aviation, is a leading supplier of "integrated systems and technologies" for combat aircraft, military transport, helicopters, land vehicles and unmanned aerial vehicles – better known as drones.

It is the 20th-highest-ranking firm in the world when it comes to defence sales, which accounted for almost 3 per cent of its total revenue last year – an estimated £4bn.

GE also makes the F101 aircraft, which took part in combat in Afghanistan and Iraq. Designed as a "strategic nuclear bomber", it was modified to carry a "diverse range of conventional weapons", according to GE's website.

While the Church of England is not breaching its own rules by investing in the firm – investments in companies that derive less than 10 per cent of turnover from strategic military sales are allowed – some church members reacted angrily to the news.

Keith Hebden, an Anglican priest who was arrested earlier this year for breaking into RAF Waddington – from where drones used in Afghanistan are remotely controlled – said the Church of England's policy was wrong. He explained: "We're going to end up with problems. This means we have a stake in wanting there to be war."

Symon Hill, co-founder of the anti-cuts campaign group Christianity Uncut, said: "Investments in GE conform to the letter but not the spirit of the Church of England's investment policy."

A Church spokeswoman pointed out that GE produces dishwashers, lighting, aircraft engines and power plants. She added: "Some of GE's engines and other products are supplied for military planes, boats and land vehicles. Our research provider estimates that less than 3 per cent of GE's turnover comes from strategic military supplies."

The Campaign Against Arms Trade added: "GE is undoubtedly an arms company – why else would it be exhibiting its wares at one of the world's largest arms fairs? If the Church is committed to following an ethical investment policy, it should drop the GE shares from its portfolio and invest it in companies producing more ethical and beneficial products, including renewable energy technologies."

Today's revelations come months after the Church admitted it invested in funds that provided money for the Wonga payday loans company. The Archbishop of Canterbury, Justin Welby, had previously said he would try to force the firm out of business by helping credit unions compete with it. He wanted the Church's investment rules to be reviewed following the row

www.independent.co.uk/news/uk/home-news/...ms-firm-8803469.html
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Church of England has up to £10m invested in arms firm 08 Sep 2013 16:00 #2

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Religion has worked hand in hand with TPTB for centuries and is neck deep in it.
It comes as no surprise at all, profit motive dictates that they invest in whatever is most profitable and here it is in action, simple as.
“Fascists are not human. A snake is more human.” - Hugo Chávez
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Church of England has up to £10m invested in arms firm 08 Sep 2013 16:18 #3

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andyh wrote:
Religion has worked hand in hand with TPTB for centuries and is neck deep in it.
It comes as no surprise at all, profit motive dictates that they invest in whatever is most profitable and here it is in action, simple as.

If profit motive is the cause of crime then why do we see so much mass murder in under Communism?

"How can we understand all this killing by communists? It is the marriage of an absolutist ideology with the absolute power. Communists believed that they knew the truth, absolutely. They believed that they knew through Marxism what would bring about the greatest human welfare and happiness. And they believed that power, the dictatorship of the proletariat, must be used to tear down the old feudal or capitalist order and rebuild society and culture to realize this utopia. Nothing must stand in the way of its achievement. Government--the Communist Party--was thus above any law. All institutions, cultural norms, traditions, and sentiments were expendable. And the people were as though lumber and bricks, to be used in building the new world.

Constructing this utopia was seen as though a war on poverty, exploitation, imperialism, and inequality. And for the greater good, as in a real war, people are killed. And thus this war for the communist utopia had its necessary enemy casualties, the clergy, bourgeoisie, capitalists, wreckers, counterrevolutionaries, rightists, tyrants, rich, landlords, and noncombatants that unfortunately got caught in the battle. In a war millions may die, but the cause may be well justified, as in the defeat of Hitler and an utterly racist Nazism. And to many communists, the cause of a communist utopia was such as to justify all the deaths. The irony of this is that communism in practice, even after decades of total control, did not improve the lot of the average person, but usually made their living conditions worse than before the revolution. It is not by chance that the greatest famines have occurred within the Soviet Union (about 5,000,000 dead during 1921-23 and 7,000,000 from 1932-3) and communist China (about 27,000,000 dead from 1959-61). In total almost 55,000,000 people died in various communist famines and associated diseases, a little over 10,000,000 of them from democidal famine. This is as though the total population of Turkey, Iran, or Thailand had been completely wiped out. And that something like 35,000,000 people fled communist countries as refugees, as though the countries of Argentina or Columbia had been totally emptied of all their people, was an unparalleled vote against the utopian pretensions of Marxism-Leninism."

https://www.hawaii.edu/powerkills/COM.ART.HTM
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Church of England has up to £10m invested in arms firm 08 Sep 2013 16:38 #4

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What makes you think the commies weren't in it for profit?

What makes you think they were communists anymore than the yanks were capitalists? :)

Again a small few gained at the expense of the many, same story the world over regardless of what colour or flavour of regime.
They were dictators and tyrants, complete psychopaths and as you have pointed out yourself, they run gov to fuck people over, its the same everywhere, some of em do it with more style and panache as in the UK and some of 'em don't bother to cover it up as with Polpot,Mao,Lenin etc.
They all do whatever profits them the most, simple as.
“Fascists are not human. A snake is more human.” - Hugo Chávez
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Church of England has up to £10m invested in arms firm 08 Sep 2013 16:39 #5

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The one factor that always fucks any 'ism' is people.
What we are today comes from our thoughts of yesterday, and our present thoughts build our life of tomorrow: Our life is the creation of our mind.

-Buddha
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Church of England has up to £10m invested in arms firm 08 Sep 2013 16:56 #6

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Had they been doing openly and it for profit, there would not have been a scandal.

How fucked up is that?
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Church of England has up to £10m invested in arms firm 08 Sep 2013 17:28 #7

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Ab Origine wrote:
The one factor that always fucks any 'ism' is people.

Exactly yep, and any 'ism' that doesn't take account of that little fact is going to fail :)
Its a tall order of course, important though and part of the human experience. Its something everyone should be thinking about, only outside the box ideas are going to work because more of the same mindset won't get rid of the same issues.
“Fascists are not human. A snake is more human.” - Hugo Chávez
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Church of England has up to £10m invested in arms firm 08 Sep 2013 17:28 #8

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mikey mikey wrote:
Had they been doing openly and it for profit, there would not have been a scandal.

How fucked up is that?

Like a bank does? hehehe :)
“Fascists are not human. A snake is more human.” - Hugo Chávez
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Church of England has up to £10m invested in arms firm 08 Sep 2013 17:32 #9

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Precisely.

As if your average vicar is peddling arms ffs.

As the con man says: PRS
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Church of England has up to £10m invested in arms firm 08 Sep 2013 18:12 #10

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mikey mikey wrote:
Precisely.

As if your average vicar is peddling arms ffs.

As the con man says: PRS

Well they are albeit indirectly. Plausible denial I suppose lol :D
“Fascists are not human. A snake is more human.” - Hugo Chávez
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Church of England has up to £10m invested in arms firm 08 Sep 2013 18:43 #11

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Your average vicar is Daily Mail Fete iin the community at best.

THis is accountant to leak (whoops) to destabilising the community.

YOU HAVE NO ONE ELSE TO TRUST!
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Church of England has up to £10m invested in arms firm 08 Sep 2013 18:51 #12

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I thought Islam was the religion of violence and war :think:
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Church of England has up to £10m invested in arms firm 08 Sep 2013 19:20 #13

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ANY religion is the violence and war religion. Especially when it stands in the way of freedom, liberty and intervention for humanitarian ends. co. uk.
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Church of England has up to £10m invested in arms firm 09 Sep 2013 20:26 #14

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The original Christian movement was pretty much destroyed and then hijacked from day one like virtually every other socio political group.

I won't bother naming every one.

Modern organisations are changed from the inside by people joining them who then go on to alter the group.

Look at all the cuckoo's in the labour party for example,cunts.
naivety attracts evil and evil attracts naivety
Last Edit: 09 Sep 2013 20:33 by humanspirit.
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Church of England has up to £10m invested in arms firm 09 Sep 2013 23:41 #15

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So the saying goes....Praise the lord and pass the ammunition :coffee:
I Speak Four Languages Sarcasm English Profanity, And Real Shit...

When we hang the capitalists they will sell us the rope we use.
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