Monsanto And Bayer: Two Horrific Companies Are Merging, Forming Ultimate Monster

Bayer has won approval for its plan to purchase agriculture giant Monsanto. But what does this mean for consumers? Ring of Fire's Mike Papantonio and Farron Cousins discuss this.

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Okay, so now we've got Monsanto teaming up with Bayer. All right, now, how ugly can that possibly get? You've got the two companies on the globe that are probably in the top five companies sued more than any company on the globe. Now, they're coming together to start BS, BASF, because the truth is the rap on these companies is so bad, they have to hide behind a new name.

Well yeah, Bayer ... I think it was like two days after the DOJ here approved the merger ... it still has a little bit more to go through, but Bayer immediately came out and said, "Hey great, we're gonna drop the Monsanto name. We're not gonna use Monsanto." As if that's somehow going to exempt them from all of the liabilities that that company has built up over the last few decades. It won't. They're still-

Well, that's what they do, right?

Matter of fact, I've caught DuPont, as we've talked about before, poisoning the water up in the Ohio River Valley. What DuPont tried to do was create another company and say to that other company, "You're responsible for all the liability, all the death, all the poisoning, all the problems that you've caused internationally, you're responsible for that now. And oh, by the way, you probably don't have enough money to pay for all of it, so declare bankruptcy and we'll tie the whole thing up in bankruptcy court." That's kinda what we see happening here. Monsanto knows the gig is up. They know people are dying from Non-Hodgkin's Lymphoma, blood cancers, a whole host of physical problems, so that's their next move.

Well, it's a corporate shell game, really. DuPont's done it. We've seen companies here down in South Florida do it when they buy an area where the water was just contaminated because they bought the corporation. They'll spin off a shell company, say, "Okay, you own the liability on this water thing but we're gonna fund you $100 million dollars, but you're facing $2 billion in liability."

Yeah, yeah.

And I guarantee you ... we have not seen it yet, but Bayer is gonna try to do the same thing with Monsanto, and maybe create Bayer-Mon Chemical, and they've only got a hundred delays.

Yeah. But it's simply to say, "We know we've killed all you people out there. We know we've made your children sick. We know we've destroyed your waterways. Now, your food, your wine, your beer ... we've destroyed all of that, and now we know we're gonna be sued. So, we're gonna create a company over here and they're the ones that are gonna be responsible for the liability, and then we're gonna declare bankruptcy for that company."

Life goes on in Corporate America. This is, by the way, another story. Nestle has agreed, for the moment at least, to stop pulling water out of the San Bernardino National Forest as they try to sort out this new deal with the government. I'm not even sure what the new deal with the government is because the government let these boneheads for years pump water out of an aquifer that is the most troubled aquifer in the United States.

We got California ... California's on fire, right? They don't have enough money to go around ... they don't have enough water to go around, even though they've had one of their wettest winters, they still don't have enough water because these freaks, this Swiss company, has been drawing water out of the aquifer as deep as 450 feet. And so, everybody says, "Well we don't have any water." Of course you don't because you idiots didn't do your job, regulators didn't do their job, until these environmental folks came along and said, "Wait a second. They're stealing our water and not paying for it."

30 years ago ... 30 years ago, Nestle's permit in San Bernardino expired. 1988. So at that point, they should not have been able to take a single drop of water out but instead, not only did they keep operating for those 30 years, they were taking tens of millions of gallons extra per year than what their other permit had even allowed-