AGL has been likend to a Ponzi Scheme .

Jennifer  is no stranger to being in front of AGL Headquarters in Sydney and protesting the Gloucester Gas Project that plans to put over 110 Csg Wells with further plans to increase this to over 330 wells near her home. She visits here regularly. 

We had the Farewell AGL Party here on the footpath earlier in the year at North Sydney on the swanky Miller Street at 101 Miller Street which incidentally has a lane running off called Gas Lane.  How bloody quaint... for them.

 

Jennifer has been researching the corrupt business practices of the company and she was pleased as was I when ICAC announced they had uncovered donations of a $100,000 from both political parties who seemingly think they can run this country on bribery and handshakes and secret deals and do all of this with the public money and with share holders money.

READ WHAT A PONZI SCHEME IS

The shareholders are funds that are managed funds which are the retirement savings of Mr and Mrs Ordinary Working Australian who pays his or her superannuation which I might add is a law they introduced saying it was good for everyone.  What it did what extract a bunch of money from the people without their say so and ammassed the cash to make a significant number of these people very wealthy.  A ponzie scheme is not this you may say.  Yes there are differerences but at the end of the day it is extracting money from people to so something that is doomed to fail as this Csg Industry will.

These Energy companies propped up by government corruption is money in the bank you would say so therefore that part does replica a Ponzi Scheme.

Good on Jennifer for continuing her fight in the big city while others are on the ground in Gloucester manning the gates of AGL Hell.

Images @ Eminpee Fotography