Guns, George Soros, Freedom Group & Cerberus !!! Debunked ???

Buying up American gun and ammunition manufacturers WOW! Should we worry??? You betcha! In checking investor relations information no stock symbol is shown for this company and it appears to be owned by a privately held equity by the name of Cerberus Capital Management. FYI: Cerberus 1] or Kerberos 2] in Greek and Roman mythology, is a multi-headed hound (usually three-headed) which guards the gates of the Underworld, Go figure…

For the last several years a company called “The Freedom Group” has been buying up American gun and ammunition manufacturers.

Some of these companies are:

Bushmaster,
Marlin,
Remington,
DPMS,
Dakota Arms and
H&R.
DPMS Panther Arms
NEF
Dakota Arms
LC Smith
Parker
AAC
Barnes Bullets
EOTAC
INTC

Some people worry that Freedom Group is going to control most of the firearms companies in the United States . Of course, If you control the manufacturers you can decide not to sell to civilians, or, you can raise the prices to ridiculous levels or you can make the supply of guns and ammo scarce – all sorts of logjams.

What a perfect way to control America ‘s guns!

If you do some digging you will see that The Freedom Group is owned by a Wall Street investment company called “Cerberus Capital Management”.

“Cerberus” in the epic book “The Inferno” by Dante Alighieri, is a three-headed demon hound (from Roman mythology) that guards the Gates of Hell to prevent those damned souls who have just crossed the river Styx, from escaping back to the world.

Investor GEORGE SOROS owns Cerberus ! Really??

Please pass this on to all your freedom loving friends. This needs to come out – and quickly! Why have we not heard about this in the “mainstream” media? I would think this would be BIG news.

The absence of big media coverage on this important subject should be BIG news to you, too!

Click on below link for verification.

http://en.wikipedia.org/wiki/Freedom_Group

guns – 2A – NRA – GOA

DO YOU KNOW ABOUT THE FREEDOM GROUP’S MAJOR ROLE IN AMERICAN GUNMAKING?
Posted on November 29, 2011 at 6:16am by Buck Sexton Print »Email »
Comments (244)
The Freedom Group has become one of the most important gun-makers in the United States, but its “quiet takeover of the American gun industry” has spawned rumors and even conspiracy theories.

Bushmaster Carbon 15 M4 Carbine
On Sunday, The New York Times wrote up a profile of the Freedom Group intended to whip-up gun control advocates more than educate the public about the firearms industry. Despite its political bent and subtle swipes at the 2nd Amendment, the piece did provide some historical background and supporting factual data regarding Freedom Group and its operations.

Freedom Group, which is privately held, currently owns many top-selling U.S. gun brands — including the 195-year-old Remington Arms, as well as Bushmaster Firearms and DPMS.

A series of acquisitions have led Freedom Group to become most powerful force in the American commercial gun market, and the single biggest long gun manufacturer. About 20% of all long guns and 1/3 of all ammo in certain major chain stores such as Cabela’s are estimated to be products of the Freedom Group.

Remington MODEL 887™ NITRO MAG TACTICAL
By its own count, the Freedom Group sold 1.2 million long guns and 2.6 billion rounds of ammunition in the 12 months ended March 2010, the most recent year for which figures are publicly available, according to the Times.

This rapid expansion into the national and international firearms markets appears to be the result of a series of aggressive and strategic acquisitions, which started with buying out Bushmaster, and has since included purchasing the storied Remington brand as well as taking out:

“DPMS; Marlin Firearms, a classic maker that came with two niche shotgun brands, Harrington & Richardson and L. C. Smith; and Dakota Arms. The Freedom Group also bought S&K industries, which supplies wood and laminate for gun stocks, as well as the Advanced Armament Corporation, which makes silencers. It acquired Barnes Bullets, which makes copper-jacketed bullets popular with precision shooters and police departments.”

Marlin Classic Model 1895
Rumors that George Soros is behind the company and is trying to dismantle the 2nd Amendment are apparently quite false. It’s not Soros behind the group, it’s actually Cerberus, a major company which is run by CEO Stephen Feinberg. According to the Times, Feinberg’s empire is vast on its own account, as his conglomerate rivals:

“some of the mightiest public companies in the land. Cerberus manages more than $20 billion in capital. Together, the companies it owns generate annual revenue of about $40 billion — more than either Amazon or Coca-Cola last year.”
The entire U.S. gun market has sales of about $4 billion a year, but the N.R.A. estimates that about 70 million to 80 million Americans collectively own 300 million firearms. It‘s a market that isn’t going away anytime soon, and could be poised to grow in the years ahead, despite the Times’ insinuation that the gun market is already saturated.

DPMS Panther 7.62NATO Sportical
In fact, not only is the U.S. firearms market in a position to expand (some 220 million Americans don’t own guns yet), but Freedom Group has been able to capitalize on the global market for firearms. In recent years this has included the sale of weapons to governments including:

“Afghanistan, Thailand, Mexico and Malaysia, among others, and [it] obtained new business from the United States Army, including a contract worth up to $28.2 million, to upgrade the M24 sniper weapon system.”
Many analysts think the next frontier for Freedom Gropup seems to be concealed carry handguns. Freedom Group’s Remington corporation has put out a model 1911R handgun to enter the pistol market.

Remington 1911 R
Whether Freedom Group makes an effort to strengthen its position in the concealed-carry market or not, the company appears to be weathering tough times reasonably well.

Despite a difficult economic climate in 2010, gun sales at the Freedom Group were up 5.6 percent during the first nine months of this year, according to the company’s most recent earnings report, though it suffered a loss of about $6 million for the same period.

For more details on the acquisition of Bushmaster, and Freedom Group growth initiatives , you can read the full NY Times profile here (editor’s note: beware of imprecise language such as “military-style” weapons and anti-gun biases).

The Times’ account of Freedom Group has raised the ire of gun bloggers, including Nick Leghorn of The Truth About Guns, who wrote of the piece above that:

“The Times views the firearms industry as some sort of cancer. And substitutes stats and quotes for genuine insight. Still, it could have been worse. And no doubt will be, again, soon. Good thing this article was published on Sunday, when the Times’ readership is at its peak.”
The TTAG post also took umbrage with the Times mention of the Bushmaster company with the weapon used by the D.C. Sniper in 2003. This New York Times non-sequitur was the most egregiously partisan incident in a piece that held many.

Apart form the political biases, the Times profile of Freedom Group doesn’t tackle other obvious questions raised. For one, what would be a successful strategy for Freedom Group going forward?

Some gun bloggers have suggested that Freedom Group so far is just a roll-up of the fractured American gun manufacturing industry, without any new direction to it. A better approach to improve sales could involve marketing to younger shooters, for example. Others have noted that buying up gun and ammunition makers during a Democrat presidency could just be attributed to good business sense, and may mean that the largest gun manufacturer in the U.S. in not ideologically driven in any meaningful way.

In any event, the long-term impact of the consolidation of the gun industry into one high-powered conglomerate has yet to be seen. In the mean time, gun enthusiasts will closely watch the craftsmanship and quality of the weapons coming off the Freedom Group line, and competitors like Colt Manufacturing will surely have to sit up and take notice.


Wall Street Buys Up Guns
Wednesday, December 07, 2011 – by Staff Report

Mystery company buying up U.S. gun manufacturers … Some gun enthusiasts have claimed that the power behind the company is actually George Soros, the hedge-fund billionaire and liberal activist. Soros, these people have warned, is buying U.S. gun companies so he can dismantle the industry, Second Amendment be damned. The chatter grew so loud that the National Rifle Association issued a statement in October denying the rumors. “NRA has had contact with officials from Cerberus and Freedom Group for some time,” the NRA assured its members. “The owners and investors involved are strong supporters of the Second Amendment and are avid hunters and shooters.” Soros isn’t behind the Freedom Group, but, ultimately, another financier is: Stephen Feinberg, the chief executive of Cerberus. Cerberus is part of one of the signature Wall Street businesses of the past decade: private equity. – New York Times

Dominant Social Theme: It’s just business, nothing more to it.

Free-Market Analysis: Another subdominant social theme? It’s always the same. The Anglosphere power elite is on its way to buying up all the oil, water and farmland in the world (with or without China), or so it seems, and we are told it is the evolution of the free-market economy. Sure …

And now … guns. Not George Soros, mind you. The NRA – an elitist, Trojan Horse of an organization itself – has assured us that the folks behind the purchases are “strong supporters of the Second Amendment.” The NRA added, “We have a mighty fine bridge connecting Manhattan to Brooklyn that we’d like to sell you.”

Oh, sorry – we just made up that last part. Anyway, this is how the power elite likes to work, it seems to us. Every move to support global governance is likely cloaked and hidden. There are always justifications. If it is not a war, or a “human tragedy” that necessitates further centralization, then it is “market forces” at work. But in fact, it is always directed history …

Is it possible that Feinberg is doing the bidding of a larger and more powerful elite? We are well aware that one of the goals of the powers-that-be is to rid the US of guns. It is a major stumbling block to declaring one-world government, or so it is said by directed history observers. Here is something about Feinberg, via Wikipedia:

Stephen Feinberg was born in the Bronx, NY. At eight his family moved to Spring Valley, New York, a relatively poor suburb of New York City. His father was a steel salesman. He attended Princeton University in New Jersey, graduating with a degree in politics in 1982. While there, he captained the tennis team and joined the Reserve Officer Training Corps.

After graduating from college, Feinberg worked as a trader at Drexel Burnham and Gruntal & Co. In 1992 Feinberg teamed up with William L. Richter to found Cerberus Capital Management with just $10 million under management. Feinberg has been at the helm of the firm since its founding. Later alliances with J. Ezra Merkin were important for raising capital.

Subsequent hirings of former politicians and lobbyists John Snow, Dan Quayle and others have served as door-openers in Washington and abroad. The 2007 Cerberus purchase of Chrysler Corp. from Germany’s Daimler Benz became a major and, as of 2009, unsuccessful initiative by Feinberg into a higher-profile investment. Feinberg and others at the firm explicitly presented the investment as patriotic, but many critics ultimately questioned that characterization, especially after Chrysler had to seek and take federal aid. Chrysler now, with federal help, has been sold to Fiat.

As of 2009, Cerberus was facing major calls from its investors for redemptions, and had written down its investment in Chrysler to 19 cents on the dollar. Had there not been the federal bailout, the investment could have been worth nothing.

Well, it’s nice to know that Feinberg has friends in the federal government. Suspicious people (even more paranoid than ourselves) might suggest a quid pro quo: Feinberg gets a bailout and in return, the US gun manufacturing industry gets a roll-up. Well, on second thought, no … That’s just too darn paranoid!

Nonetheless, there is a roll-up. And the activity seems frenetic. Cerberus-controlled Freedom Group, Feinberg’s vehicle, has purchased one high profile gun manufacturer after another. The article tells us that it began with Maine-based Bushmaster before the biggest prize of all fell into its lap, Remington.

After pocketing Remington, the “Freedom Group” targeted Marlin Firearms, then DPMS Firearms, “a maker of semiautomatic, military-style rifles, as well as manufacturers of ammunition and tactical clothing.”

But there was more to come: Harrington & Richardson and L.C. Smith, and Dakota Arms – makers of rifles and something called Barnes Bullets. And more! The article mentions S&K Industries, which supplies wood and laminate for gun stocks, as well as the Advanced Armament Corp., which makes silencers.

This is a pretty hefty swath, no? The Freedom Group itself seems to think so. According to the Times article excerpted above, the Freedom Group said in a filing last year with the Securities and Exchange Commission, “We believe our scale and product breadth are unmatched within the industry.”

We are sure this is just the market at work … aren’t we? Or will there come a day in the not too distant future when the NRA announces that in order to buy a rifle you will need to be formally licensed and fingerprinted. You will need an ID or a microchip implant.

And then, perhaps, the NRA will announce that the Freedom Group, America’s number one gun owner, is firmly behind the measure! “The industry supports it,” we shall be told. “And so should you!”

Conclusion: “We fight for the independence of recreational gun owners and hunters everywhere,” the press release might continue. “And that’s why we stand side-by-side with the NRA in welcoming this most important initiative. Call your Congressperson today!” Mr. Feinberg, the wire reports inform us, could not be reached for comment …

DEBUNKED – YOU DECIDE IS IT EVER HEALTHY FOR ONE GROUP TO HAVE A NEAR MONOPOLY ???? What is Annenberg’s Agenda ??? Is this NRA source data accurate ??

• Ask FactCheck • George Soros’ Gun Grab?
George Soros’ Gun Grab?
Posted on October 21, 2011

Q: Does George Soros own the company buying many firms that make guns and ammunition?
A: No. Contrary to a fanciful claim made in a viral email, the Freedom Group is not linked to the liberal billionaire. The National Rifle Association says the real owners are “strong supporters” of gun rights.

FULL QUESTION

Searched your archives and viral stories, couldn’t find. Is there any truth to this?

I googled “Cerberus capital management freedom group buying guns” and found many stories about this. Without lots of research, it looks like it is true!

For the last several years a company called “The Freedom Group” has been buying up American gun and ammunition manufacturers.

Some of these companies are:

⬐ Click to expand/collapse the full text ⬏

FULL ANSWER

The anonymous author of this chain letter asks why the media haven’t reported that George Soros is connected to a company that is buying a lot of other companies that make guns and ammunition. The answer to that question is simple: because it isn’t true.

Soros doesn’t own Cerberus Capital Management, a private equity firm founded in 1992 by Stephen Feinberg and William Richter. Both Feinberg and Richter currently serve as two of the firm’s senior managing directors. And Feinberg, also the firm’s chief executive officer, is an avid hunter.

Soros, a billionaire philanthropist and known supporter of Democratic causes, isn’t even one of the company’s 26 senior executives. But the firm’s senior executives do include former Republican Vice President Dan Quayle and former Republican Treasury Secretary John Snow.

It’s true, however, that Cerberus Capital Management owns Freedom Group, a leading company in the manufacturing and marketing of guns and ammunition. And it’s also true that in recent years Freedom Group has acquired many of the firearms and ammunition manufacturing companies mentioned in the email, including Bushmaster Firearms (in April 2006), Remington (in May 2007) and Marlin (in January 2008). But that’s about all the author of this latest viral message gets right.

It has even been taken apart online by none other than the National Rifle Association, the largest gun-rights lobbying organization in the United States. The NRA’s Institute for Legislative Action called the rumor “completely false and baseless.”

NRA-ILA, Oct. 14: Recently, an old rumor regarding Cerberus–the private equity firm that owns Freedom group, a holding company that in turn owns a number of firearms manufacturers, including Remington, Marlin, Bushmaster, and DPMS–was in some way tied to George Soros.

This rumor is completely false and baseless.

NRA has had contact with officials from Cerberus and Freedom Group for some time. The owners and investors involved are strong supporters of the Second Amendment and are avid hunters and shooters.

In reality, at no time has George Soros ever been a part of the ownership group of Freedom Group or Cerberus, and as a privately traded corporation, there is no possibility that he will be in the future.

This unsubstantiated rumor has caused a great deal of unnecessary concern for gun owners. NRA-ILA urges our members to take great care before repeating baseless rumors found on the Internet.

So, there’s no need to pass this one on to “all your freedom loving friends” as the email asks.

– D’Angelo Gore

Sources
Freedom Group Inc. Annual Report for Fiscal Year 2010.

National Rifle Association Institute for Legislative Action. “Internet Rumors About Cerberus, Freedom Group Are Patently False.” 14 Oct 2011.

Petzal, David. “How Not To Write Rot and Evil.” Fieldandstream.com. 12 Oct 2011.

Sorkin, Andrew Ross. “A Recluse Lifts the Veil a Little.” New York Times. 15 Apr 2008.

POSTED BY DANGELO GORE ON FRIDAY, OCTOBER 21, 2011 AT 3:35 PM FILED UNDER ASK FACTCHECK. TAGGED WITH GEORGE SOROS, GUNS.

2 Responses to “Guns, George Soros, Freedom Group & Cerberus !!! Debunked ???”

  1. Steve Johnson Says:

    This is total bullshit.

    http://factcheck.org/2011/10/george-soros-gun-grab

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