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Secret Banking Cabal Emerges From AIG Shadows

By David Reilly

Jan. 29 (Bloomberg) — The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.

Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.

We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system — apart from the matter of AIG’s bailout — deserves further congressional scrutiny.

The New York Fed is in the hot seat for its decision in November 2008 to buy out, for about $30 billion, insurance contracts AIG sold on toxic debt securities to banks, including Goldman Sachs Group Inc., Merrill Lynch & Co., Societe Generale and Deutsche Bank AG, among others. That decision, critics say, amounted to a back-door bailout for the banks, which received 100 cents on the dollar for contracts that would have been worth far less had AIG been allowed to fail.

That move came a few weeks after the Federal Reserve and Treasury Department propped up AIG in the wake of Lehman Brothers Holdings Inc.’s own mid-September bankruptcy filing.

Saving the System

Treasury Secretary Timothy Geithner was head of the New York Fed at the time of the AIG moves. He maintained during Wednesday’s hearing that the New York bank had to buy the insurance contracts, known as credit default swaps, to keep AIG from failing, which would have threatened the financial system.

The hearing before the House Committee on Oversight and Government Reform also focused on what many in Congress believe was the New York Fed’s subsequent attempt to cover up buyout details and who benefited.

By pursuing this line of inquiry, the hearing revealed some of the inner workings of the New York Fed and the outsized role it plays in banking. This insight is especially valuable given that the New York Fed is a quasi-governmental institution that isn’t subject to citizen intrusions such as freedom of information requests, unlike the Federal Reserve.

This impenetrability comes in handy since the bank is the preferred vehicle for many of the Fed’s bailout programs. It’s as though the New York Fed was a black-ops outfit for the nation’s central bank.

Geithner’s Bosses

The New York Fed is one of 12 Federal Reserve Banks that operate under the supervision of the Federal Reserve’s board of governors, chaired by Ben Bernanke. Member-bank presidents are appointed by nine-member boards, who themselves are appointed largely by other bankers.

As Representative Marcy Kaptur told Geithner at the hearing: “A lot of people think that the president of the New York Fed works for the U.S. government. But in fact you work for the private banks that elected you.”

And yet the New York Fed played an integral role in the government’s bailout of banks, often receiving surprisingly free rein to act as it saw fit.

Consider AIG. Let’s take Geithner at his word that a failure to resolve the insurer’s default swaps would have led to financial Armageddon. Given the stakes, you might think Geithner would have coordinated actions with then-Treasury Secretary Henry Paulson. Yet Paulson testified that he wasn’t in the loop.

“I had no involvement at all, in the payment to the counterparties, no involvement whatsoever,” Paulson said.

Bernanke’s Denials

Fed Chairman Bernanke also wasn’t involved. In a written response to questions from Representative Darrell Issa, Bernanke said he “was not directly involved in the negotiations” with AIG’s counterparty banks.

You have to wonder then who really was in charge of our nation’s financial future if AIG posed as grave a threat as Geithner claimed.

Questions about the New York Fed’s accountability grew after Geithner on Nov. 24, 2008, was named by then-President- elect Barack Obama to be Treasury Secretary. Geither said he recused himself from the bank’s day-to-day activities, even though he never actually signed a formal letter of recusal.

That left issues related to disclosures about the deal in the hands of the bank’s lawyers and staff, rather than a top executive. Those staffers didn’t want details of the swaps purchase to become public.

New York Fed staff and outside lawyers from Davis Polk & Wardell edited AIG communications to investors and intervened with the Securities and Exchange Commission to shield details about the buyout transactions, according to a report by Issa.

That the New York Fed, a quasi-governmental body, was able to push around the SEC, an executive-branch agency, deserves a congressional hearing all by itself.

Later, when it became clear information would be disclosed, New York Fed legal group staffer James Bergin e-mailed colleagues saying: “I have to think this train is probably going to leave the station soon and we need to focus our efforts on explaining the story as best we can. There were too many people involved in the deals — too many counterparties, too many lawyers and advisors, too many people from AIG — to keep a determined Congress from the information.”

Think of the enormity of that statement. A staffer at a body with little public accountability and that exists to serve bankers is lamenting the inability to keep Congress in the dark.

This belies the culture of secrecy obviously pervasive within the New York Fed. Committee Chairman Edolphus Towns noted during the hearing that the bank initially refused to disclose even the names of other banks that benefited from its actions, arguing this information would somehow harm AIG.

‘Penchant for Secrecy’

“In fact, when the information was finally released, under pressure from Congress, nothing happened,” Towns said. “It had absolutely no effect on AIG’s business or financial condition. But it did have an effect on the credibility of the Federal Reserve, and it called into question the Fed’s penchant for secrecy.”

Now, I’m not saying Congress should be meddling in interest-rate decisions, or micro-managing bank regulation. Nor do I think we should all don tin-foil hats and start ranting about the Trilateral Commission.

Yet when unelected and unaccountable agencies pick banking winners while trying to end-run Congress, even as taxpayers are forced to lend, spend and guarantee about $8 trillion to prop up the financial system, our collective blood should boil.

(David Reilly is a Bloomberg News columnist. The opinions expressed are his own.)

January 29, 2010 - Posted by | Corruption, Deception, Economics

11 Comments »

  1. Lemme guess….somewhere in the food chain of A.I.G. corportatocracy, is a money trail straight to Tel Aviv, and ultimately, the ROTHSCHILDS ZIONIST BANKING CARTEL, isn’t there? I mean, c’mon folks, back when 2.3 TRILLION went missing from the Pornogon and was being aired out by Cynthia McKinney on Capitol Hill on Sept. 10th., 2001….the money trail was via Dov Zackheim straight to Israeli bank holdings, but magically, just totally coincidentally, the very next day, the portion of the Pornogon that was investigating Zackheim and the missing 2.3 TRILLION, gets struck by one of those NERVE B-757 airliners that neither leaves engine holes or wreckage behind when they crash..but instead they bounce off and disintegrate, leaving a notably CORDITE stench behind when they do that. Hmmmmmm???? (AGM-65 maverick, me thinks)

    And now, were several years later, finding that once again, a secret (ROTHSCHILDS) banking cartel may in fact be at the heart of the A.I.G. destruction. Though you didn’t mention the ROTHSCHILDS in your piece, would it not be a fair assumption that if it wasn’t specifically them, that it was the CARLYLE GROUP, who is more or less a tentacle of the global zionist war mongering and hedge betting on WAR, cartel that has bankrolled both sides of virtually every conflict since Christ was a fucking corporal???

    Why are you surprised at these revellations?? Why???

    at the core of the entire global financial problem, are zionist jew bankers who organ harvest when they cannot shekel grub. And that’s sad. And, unfortunately, too true.

    Comment by R. U. Surprized? | January 29, 2010 | Reply

    • Great post. I couldn’t have said better myself.

      Comment by jw | January 29, 2010 | Reply

  2. [...] like the majority of people's reaction to bail-out gate "Well I'll be damned!" Edit: http://alethonews.wordpress.com/2010…m-aig-shadows/ __________________ ask questions, get answers. Last edited by The Realist; Today at 07:57 [...]

    Pingback by Amplification of Global Warming Significantly Less than Thought - Page 2 - The Environment Site Forums | January 29, 2010 | Reply

  3. SOME NOTES ON THE HISTORY OF MONEY
    by Tom Dennen, author of ‘Grand Theft, Planet or Heidi’s Free Bar & Grill’ – (free on the Internet).
    Most of this is probably deliberately scattered all over the Internet, and, if one just looks around a bit, people like me can pretend we have connected some dots.
    There is, incidentally, nothing here about the role Switzerland played in the years under scrutiny.
    “Apocalypse” is a Greek word meaning “the lifting of the veil between you and God,” (or Knowledge or Reality).
    “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin … Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again … Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in … But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit. ”
    Sir Josiah Stamp, director of the Bank of England and the second richest man in Britain in the 1920s, speaking at the University of Texas in 1927.
    “In a dark time, the eye begins to see,”
    Theodore Roethke.
    “CAPITALISM IS A SYSTEM THROUGH WHICH WEALTH IS REGULARLY TRANSFERED (STOLEN) FROM THOSE WHO CREATE IT TO THOSE WHO ARE ALREADY WEALTHY, WHILE THOSE WHO CREATE IT ARE KEPT UNAWARE OF THE THEFT BY ‘THE MATRIX’ ” – t.d.
    “All wealth is created by work.” – Adam Smith.
    It’s becoming clear to many more people every day how the ‘matrix’ – the system – works, and how the Internet is the leaky bucket out of which the truth (Apocalypse) is flying and the leaks – Ellen Brown, are hopefully out of control.
    Since the early goldsmiths discovered fractional (reserve) banking, (created money out of thin air) and introduced predatory lending, they have been thrown out of every courntry they set up in, after which those countries returned to resource-based economies and went through several decades of economic recovery.
    Until the sixteenth century, in Holland.
    Then and there, when the goldsmiths were discovered plying their usurious debt / lending system, the already wealthy government and merchant classes simply joined them in the first full “collusion among corporatocracy, authoritarian government, controlled media and education.” – Fascism. (Global Research).
    Add bankers to that conspiracy and you have the recipe for the last three hundred years of fiscal theft through market manipulation by ‘The Establishment’, The ‘Elite’, the ‘Illuminati’ or the “Rothschild Family’, take your pick, but once government was in on the scam, the wealth that the lower and middle classes created by work was harvested every fifty years or so.
    Holland was, I believe, the site of the first experiment in money market manipulation by this collusion of classes.
    ‘Tulip Mania’ is regarded as seriously silly season stuff among some debunkers, but which today is also a generic for an ‘out-of-control’ Bull Market.
    The thing is, it was for keeps.
    ‘Tulip Mania’ is a controlled boom situation; controlled by those who run the Great Wealth Shift every generation, starting with the South Sea Bubble crash in 1720.
    This set of conclusions is largely gathered from a monetary history according to James Dale Davidson and William Rees-Mogg: Every fifty years or so since the South Sea Crash, financial markets have peaked – and exactly nine years later, crashed – followed by a depression during which, bracketed by expensive wars, vast amounts of properties have been foreclosed and the ‘masters’ transfered huge amounts of the wealth accumulated by the working class – “all wealth is created by work” (Adam Smith) – who were left to starve.
    Just like today.
    THE SHIFT IN WORLD ECONOMIC PREDOMINANCE
    “All long-term credit cycles end with asset crashes in the markets of the leading economy. Measuring from crash to crash the dates of the modern credit cycles are as follows:”(starting with the South Sea Bubble)
    Span Duration
    1720 – 1772 52 years
    1772 – 1825 53 years
    1825 – 1873 48 years
    1873 – 1929 56 years
    1929 – 1990 61 years
    “The crashes and resulting depressions appear to be less intense and traumatic when the end of the cycle does not coincide with a shift in world economic predominance.” – The Great Reckoning, James Dale Davidson & William Rees-Mogg, 1993.
    Recent benchmarks are Common Cause:
    1907 Financial Panic
    1913 The privately-owned American Federal Reserve (FED) System Created
    1929 The Great Depression – (Nice work, FED and Benjamin Shalom B. is returned to office!!)
    1933 Theodore Roosevelt’s Executive Order 6102 outlaws owning gold
    1934 Gold Reserve Act freezes gold at $35 per ounce
    1971 United States abandons gold standard
    1974 U.S. citizens allowed to own gold
    2009 Gold exceeds $1100 per ounce
    The depression following the 1990 crash is fully upon us and the consequences are global because we are in the middle of the biggest shift in world economic predominance.
    We will not see the end of it for a long while – all we will see are futile reports of the transfer of huge amounts of money to the banking cartels and hear their stories of ‘green shoots’ and ‘recovery’.
    Until people are back to work there is no recovery.
    The essence of fiscal control is not race, religion or nationality but just a passion for control over other humans.
    SOVEREIGN MONEY
    Both Lincoln and Kennedy were assassinated after introducing sovereign currencies, which were quickly removed from circulation after the killings.
    What happened to Schwartzenegger’s IOUs? They were de facto sovereign currency paid back on maturity by the state at a 3.75% interest.
    (It took the entire western world including Russia, incidentally, to crush Hitler who had also introduced sovereign money against the web of banking debt).
    When the directors of the Bank of England asked what was responsible for the booming economy of the young American colonies, Benjamin Franklin explained that the colonial governments issued their own money, which they both lent and spent into the economy:
    “In the Colonies,” he said, “we issue our own paper money. It is called ‘Colonial Scrip.’ We issue it in proper proportion to make the goods pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one. You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need.
    “Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that which circulates, all bears the endless burden of unpayable debt and usury.” (Wikipedia)
    One of the most significant – and Apocalyptic – leaks is Ellen Brown’s book, ‘Web of Debt’ along with the Global Warming lies now out in the open.
    The Bilderbergs / governments / banks / merchants / landowners / fake scientists / Big Pharma and the rest are now too big not to fail at keeping their secrets.
    Solution?
    This will set us free:
    Return to resource-based economies.
    Do not borrow unless it’s from a state, county, city or people-owned bank that does not charge interest.
    Gather together and itemize all the resources of your community and learn to barter.
    Keep your wealth to yourselves. – you created it.
    Above all, don’t listen to snake oil salesmen like Obummer and Al Bore who are just stealing while callously killing your children for money.
    (Required reading: http://www.lexrex.com/enlightened/articles/warisaracket.htm
    Tacitus, “The Annals of Rome”, Book Six).
    (Optional: http://whatreallyhappened.com/WRHARTICLES/grandtheft.php)
     
    THE BUSINESS OF BANKERS IS WAR, SO:
    “I am as intolerant of imperialistic designs on the part of other nations as I was of such designs on the part of Germany. The choice is between two ideals; on the one hand, the ideal of democracy, which represents the rights of free peoples everywhere to govern themselves, and, the ideal of imperialism which seeks to dominate by force and unjust power, an ideal which is by no means dead and which is earnestly [sought] in many quarters still.” U.S. President Woodrow Wilson, July 1919
    “Fight and kill the disbelievers wherever you find them, take them captive, harass them, lie in wait and ambush them using every stratagem of war.” The Qur’an (9:5), Islam’s holy book
    “We are fighting them (the terrorists) over there so that we won’t have to fight them here at home.” Former U.S. President George W. Bush.
    “I, like any head of state, reserve the right to act unilaterally if necessary to defend my nation.” U.S. President Barack Obama, December 10, 2009
    “When the tyrant has disposed of foreign enemies by conquest…and there is nothing to fear from them, then he is always stirring up some war.” Plato, ancient Greek philosopher (428/427-348/347 B.C.)

    Comment by Tom Dennen | January 30, 2010 | Reply

    • Good stuff, Tom.

      I especially like:
      “I, like any head of state, reserve the right to act unilaterally if necessary to defend my nation.” U.S. President Barack Obama, December 10, 2009

      Of course, thinking people must ask just which nation is Obama’s “my nation”. Could it be… maybe… the “Great Nation” promised to Abraham’s children? Could it be the nation of “masonic” (if you like) rulers that spans the globe?

      Babylonian contract rule is very tricky. They must obey their own contracts and words. This is why it is key to analyze things that key politicians say, write, and sign. After all, even the US Code and UCC (the REAL laws of the U.S.) redefines several hundred words to confuse the shit out of non-BAR card holders.

      Comment by james bond | January 30, 2010 | Reply

    • Note that the poster Tom Dennon above spends most of his life or time on internet spamming propaganda for the British Lord William Rees-Mogg and the SEC protected money launderer James Dale Davidson,both authors of scammy offshore ‘investing’ books like The Soveriegn Individual and Blood In The Streets(yech).As David Marchant of offshorebusiness.com pointed out long ago they promoted LOM to lure investors TO THIS STOCK FRAUD AND MONEY LAUNDERING OFFSHORE ENTITY LOM OR LINES OVERSEAS MANAGEMENT WITHOUT EVER DISCLOSING THE FACT THAT THEY WERE MAJOR SHAREHOLDERS WHO STOOD TO PROFIT.They,Davidson and Rees-Mogg are very well connected in the UK and the USA and have defrauded untold numbers of individuals with their penny stock money laundering frauds,myself included.
      I am a strong believer in free speech but not in Tom Dennon’s promotion of the ‘fraud speech’ of Davidson and his Lard William Rees-Mogg.Davidson is founder of Steve Forbes’ NTU or National Taxpayers Union in Alexandria, Virginia near the corrupt office of the U.S.Securities Exchange Commission that has allowed them to launder stolen money from their stock frauds for deacdes.Do a google search on ‘Tom Dennon’ and you will discover the chief reason behind his posts is to spam the names of Davidson and Rees-Mogg who are known securities criminals witrh far right ‘intelligence’ connewctions around the internet.He knows he is promoting fraud by promoting Davidson who also founded newsmax and Agora Inc penny stock ‘holding’ and dumping ‘company’ of Baltimore, Maryland.
      I posted my comment below regarding James Dale Davidson in response to his latest article-promotion of himself and his scammy wingnut and penny stock and pseudo-news website named newsmax.com that cheerled the war on Afhanistan and Iraq while promoting his stock cyberfraud ops and lies.The article promtion of it that no doubt originated from James Dale Davidson’s fraudulent newsmax.con itself is,’Davidson: Obama White House Is Lying to You (There is NO Recovery)’.
      Here is my response:

      Anyone familiar with James Dale Davidson,(I corresponded with him personally in 2004 re his lie that his Endovasc and Genemax biotech penny stock pump and dump shares were ‘naked shorted’,a term he virtually made up to distract from his illegal stock promotions).I know Obama is covering up for the Israeli stock fraudsters and money launderers of ICTS International who ‘guarded’ Logan Boston Airport on 9/11 as well as DeGualle Paris when Richard Reid ‘the shoe bomber’ boarded after 911 and more recently at Amsterdam’s airport on Christmas and Barack Osama is covering that up. But then James Dale Davidson, founder of National Taxpayers Union, as well as Agora Inc penny stock holding (and dumping)‘company’, lies all the time to pump and dump worthless shares (so someone(s) in the U.S.government and Mary Schapiro’s SEC is looking out for him).
      Davidson pumped and dumped Genemax biotech pump and dump out of the same Blaine,Washington office that he had his NAANSS or National Association Against Naked Short Selling.He and Genemax lied about a cancer vaccine in 2002 and made up the term ‘naked short selling’ (and NAANSS or National Association Against Naked Short Selling)since used by stock fraudsters and even ex SEC Chair Chris Cox to claim Fannie Mae and Freddie Mac were ‘naked shorted’.
      And yet if Fannie Mae and Freddie Mac shares had been ‘naked shorted’,(a strange term to mean counterfeited),then the result would have been that some shares would not have received dividends through DTCC!So his multi billion dollar false claim is a provable lie – but the SEC has promoted James Dale Davidson’s lie as the truth and refuses to provide any proof! James Dale Davidson touted and promoted Bill Clinton like another of his worthless penny stocks before then startng the rumor that Clinton killed Vince Foster. More recently Davidson has pumped and dumped Pluristem a penny stock ‘biotech’ fraud claiming to use stem cells from placentas)with Israeli and Leumi Bank,(that won’t pay holocaust survivers money owed),connections that uses American incorporation(Delaware) for the fraud because the Israeli gov would put them in jail if they defrauded Israelis like they do Americans and launder the money offshore.So Davidson as well as ex Carlyle CEO Frank Carlucci has used Pluristem to steal money from his fellow Americans and launder it offshore which has been his life long means of income and to fund his political dirty tricks money including his newsmax.con site that may have been naed for his Genemax fraud or vice versa. When you subsidize James Dale Davidson by buying his worthless stock shares you are subidising fraud.The corruption of Barack Obama does not prove any integrity in James Dale Davidson.
      – Tony Ryals

      Comment by Tony Ryals | January 30, 2010 | Reply

      • Thanks for posting about Tom Dennon. While you may be right about his actions on the internet, his posting on this comment board was just a collection of quotes showing how America is now exactly what Woodrow Wilson spoke out against in the first quote(although, ironically, he was instrumental in creating this circumstance).

        I find it interesting that you refer to the current puppet president as Barrack “Osama”. I would have to contend that Osama bin Laden is no different than most CIA field agents and was probably dead even before 9/11 from any number of events (not the least being his dialysis). A more fitting nickname, I think, would be Barrack “O-Brahma” (or the Hindu creator God) since he’ll be setting the final stones for the New Order of Ages.

        Comment by james bond | February 1, 2010 | Reply

  4. Uh, the idea of “secret” (a great word to get sheeple to stop paying attention) banking “cabals” (another great word to get sheeple to stop listening) is mainly for people who stockpile ammo, bottled water, and peanut butter? Are you on drugs? I don’t even like peanut butter and any asshole can research all the crap they put in tap water.

    If you have half a brain, the ability to read, and an actual DESIRE to know the history of US currency and, in fact, ACTUAL US HISTORY (ie more than the 5% provided in text books published by companies owned by bankers), then you’d know there is NO secret about the bankers. It’s completely documented throughout officially recorded history. It just isn’t seen fit to be printed in textbooks. Kinda like how we never get to read all the treaties that were signed to end the American “Revolution” nor are we taught about all the battles between banks and gov’t for the ability to print money.

    The “people who stockpile…may actually be right” have always been right. This just goes to show you how easy it is to manipulate the most intelligent of people to think that anything out of their understanding of “reality” can’t be true. It’s sad and funny simultaneously.

    No matter how much information you’ve posted here, I’ve found the artilcle infinitely insulting and elitist right from the first sentence. The only way this information is actually surprising is if your entire reality is based on corporate media (including major book publishers) and public/private schooling. If you actually went out of your way to read the treaties that are signed to end wars, quotes from our very own Senate and House of Rep from history, laws passed either through Congress or via Executive Orders, and even what our Presidents had to say on the matters, you’d already know that bankers/lawyers/religious leaders control everything.

    It takes a happily blind/ignorant person to believe that this is difficult. Just go watch a political rally and see the people worship their masters.

    Comment by james bond | January 30, 2010 | Reply

  5. The Vatican’s KGB, the Secret Service par excellence Jesuits, led by their military commander, the Jesuit General also known as His Grey Imminence, is in control of the Federal Reserve through their international banksters, Rothschild, Rockefeller and there like. The Vatican’s white pope is controlled by the Jesuits black pope and right now he is winning the contest for world domination between the Soviets and the Capitalists system. This is prophesied in Revelations as the Whore (Vatican) riding the back of the Beast (International banking cartel) temporarily holding the reigns of power, BUT in ONE HOUR the Beast will turn on the WHORE and dump them to their utter destruction. How soon will this happen, only God knows.

    Comment by Ed Largy | January 30, 2010 | Reply

  6. @ Ed Largy:

    “…winning the contest for world domination between the Soviets and the Capitalists system. ”

    Your information is heavily flawed or misconstrued if you think the so-called “Soviet” system is not the same as the current “Capitalist” system. It is one of the best jokes the elite have pushed onto the sheeple.

    1871, via 14th Ammendment, corporations are given the status of “person” (legally) allowing corporations the same rights as human beings with regards to trade, property/ownership, and law suit proceedings, but NOT the ability to incarcerate (since you cannot incarcerate a legal entity that has no physical being).

    After that, the creation of US Code (usurped the Constitution as our main legal document), the UCC (admiralty law applies in all courts in the US), the Federal Reserve Act of 1913, the Gold Confiscation Act of 1933, the Social Security Act, and the Birth Certificate scheme (corporatizes you into a corporate “person” at birth making you subject TO “the state” and surety upon the legal person which is why you can legally be put in prison for smoking pot).

    Long story short, “The State” is a combination of government + corporations + spiritual/religious institutions to provide a control structure. “The government owns everything.” – FDR 1933. You are ONLY allowed equitable title to anything you think you “own”. This means you are permitted usage by “The State” as long as you pay your “usage taxes” which include everything from buying things in grocery stores to paying your income and property taxes. At any time, the State may re-assume control of “your” property and they are NOT required to provide any moneys in exchange. The only reason they do currently provide $ for forcably usurped land(emminent domain) is because they have not yet disarmed the population (banning guns).

    This is why the government can determine what you put into your body (weed is “illegal”… where? not in the Constitution that’s for damn sure). They can govern how you raise your children (Child Protective Services generally expose children to far greater abuses in their “care” than most so-called abusive parents). They can seize your property and incarcerate your body. All while corporations are responsible for tens of thousands of deaths a year alongside a plethora of “treasonous” crimes (IBM provided logistics equipment for Hitler, Dubbya’s grandfather made the family fortune serving as a consultant for Hitler and providing the economic connections to build Auschwitz) and most modern fatal disease such as cancer, diabetes, and even AIDS.

    Capitalism was created to allow the completely un-enlightened masses to accumulate property in the name of the elite (in the form of corporations whose owners sitting on class-A shares/boardroom). Everything from natural gas, oil, food resources (they are currently copyrighting every plant and animal’s DNA on the planet), water resource (!!!), and free land is being purchased and recorded as property of either the gov’t or the corporations (or the Vatican) all pieces of the overall “The State”.

    You will quickly seen in the next few years how “money” has been used to create a MORE PERFECT SOVIET SYSTEM right here in the US and every nation that has a central bank answering to the IMF. We are all unwilling participants in the usurpation of every single thing on the planet. When everything is all set up and bought up and in the hands of the elite, they will make it known planet-wide that we are all servants to “The State”.

    The Bible is their BLUEPRINT. It was written by their ancestors in order to provide the very first control structures.

    Comment by james bond | February 1, 2010 | Reply


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