Layered Capitalism: Part Two

In Part One we discussed the relationship of each of the following banks and their investment pools: (i) JP Morgan; (ii) Barclays Global Investors UK Holdings Ltd; (iii) State Street Corporation; (iv) FMR Corporation (Fidelity Management & Research Corp); (v) Vanguard Group, Inc.; (vi) Mellon Financial Corporation; (vii) Legg Mason Inc.; (viii)Morgan Stanley; (ix)Bank Of America Corporation; (x) Franklin Resources, Inc.; (xi) Goldman Sachs Group Inc.; (xii) Janus Capital Management, LLC; (xiii) Price (T. Rowe) Associates Inc.; (xiv) Bank of New York Mellon Corporation; (xv) Northern Trust Corporation; (xvi) AXA (Paris, France); (xvii) Wellington Management Company, LLP; (xviii) Capital Research Global Investors, in addition, the following two are also investment pools containing these banking interests; (xviii) Marsico Capital Management, LLC. and Davis Selected Advisers, LP.

In this part we will discuss how they hold their ownership, what percentage of ownership they maintain and why and how we can capitalize with them.

The Bank’s and their investment pools own between 1.25% and Generally no more than 4.5 % of all Major US companies with only a very few exceptions; for example State Street Corporation owns 16.37% of Morgan Stanley, which gives the top 10 Major investors in this case control of 43.29% of Morgan Stanley.

The reason, SEC requires certain disclosure forms to be filed upon a transfer of an interest from a Beneficial owner or an insider, everyone who owns 5 % or more of a public company must disclose their ownership interest and stock transfers on the following forms:
Form 3, Initial Statement of beneficial ownership of securities;
Form 4, Statement of changes in beneficial ownership of securities
Form 5, Annual Statement of Changes in beneficial ownership of securities

By holding under 5% of a company these disclosures are not required and the banks can continue to control any company through their pools which collectively control between 30 to 50% of a company stock. For example:

Goldman Sachs Group: The following are the major shareholders:
(1) Barclays Global Investors UK Holdings Ltd, Share Amount 17,175,818, Percent of ownership in Goldman Sachs 4.36% Value of shares $3,004,050,568:
(2) Marsico Capital Management, LLC, Share Amount 16,007,387, Percent of ownership in Goldman Sachs 4.06 % Value of shares $2,799,691,986:
(3) State Street Corporation, Share Amount 13,865,548 Percent of ownership in Goldman Sachs 3.52% Value of shares $2,425,084,345:
(4) FMR LLC (Fidelity), Share Amount 12,362,649 Percent of ownership in Goldman Sachs 3.14 % Value of shares $2,162,227,310:
(5) Vanguard Group, Inc. Share Amount 11,595,291Percent of ownership in Goldman Sachs 2.94 % Value of shares $2,028,016,395:
(6) Wellington Management Company, LLP. Share Amount 10,567,674 Percent of ownership in Goldman Sachs 2.68 % Value of shares $1,848,286,182:
(7) AXA (Paris, France). Share Amount 10,168,295 Percent of ownership in Goldman Sachs 2.58 % Value of shares $1,778,434,795:
(8) Janus Capital Management, LLC Share Amount 7,251,949 Percent of ownership in Goldman Sachs 1.84 % Value of shares $1,268,365,880
(9) Price (T.Rowe) Associates Inc., Share Amount 6,783,264 Percent of ownership in Goldman Sachs 1.72 % Value of shares $1,186,392,873
(10) Northern Trust Corporation Share Amount 6,294,008 Percent of ownership in Goldman Sachs 1.60 % Value of shares $1,100,821,999

Eight percent (8%) of the Shares are held by ALL insiders and 5% beneficial owners.
Of 984 Institutional Investors the above listed 10 control 28.44 % of the company.
Vanguard manages three funds that control 2.18%.
Fidelity manages two funds that control 1.33%.

Add these Bank controlled investment pools together and the TOP 10 Major Bank Holders control 31.95% of Goldman Sachs.

Let’s analyze J.P. Morgan Chase Co.
(1) Barclays Global Investors UK Holdings Ltd, Share Amount 157,667,999, Percent of ownership in JP Morgan 4.59 % Value of shares $5,409,589,045:
(2) AXA (Paris, France). Share Amount 140,498,887 Percent of ownership in JP Morgan 4.09 % Value of shares $4,820,516,812:
(3) State Street Corporation, Share Amount 131,086,954 Percent of ownership in JP Morgan 3.81 % Value of shares $4,497,593,391:
(4) Vanguard Group, Inc. Share Amount 107,840,912 Percent of ownership in JP Morgan 3.14 % Value of shares $3,700,021,690:
(5) FMR LLC (Fidelity), Share Amount 97,127,149 Percent of ownership in JP Morgan 2.83 % Value of shares $3,332,432,482:
(6) Davis Selected Advisers, LP. Share Amount 74,560,855 Percent of ownership in JP Morgan 2.17 % Value of shares $2,558,182,935:
(7) Morgan Stanley. Share Amount 55,908,016 Percent of ownership in JP Morgan 1.63 % Value of shares $1,918,204,028:
(8) Bank of New York Mellon Corporation. Share Amount 54,224,873 Percent of ownership in JP Morgan 1.58 % Value of shares $1,860,455,392:
(9) Capital Research Global Investors. Share Amount 51,293,900 Percent of ownership in JP Morgan 1.49 % Value of shares $1,759,893,709
(10) Northern Trust Corporation. Share Amount 42,740,560 Percent of ownership in JP Morgan 1.24 % Value of shares $1,466,428,613

Shares held by ALL insiders and beneficial owners of 5 % or more of the company equal one (1) Percent of the Company. The top 10 Investors from above out of the 1373 Institutional Investors control 26.57% of JP Morgan.
Vanguard manages four funds that control 2.97%.
Capital Group manages a fund that controls 1.49%.
Davis Advisers manages a fund that controls 0.96%.

In total, the TOP 10 Major shareholders control 31.99% of JP Morgan Chase Co.

Who Controls ABC and its news:
ABC is owned by Walt Disney Co. in part, but is controlled by the following investors:
(1) FMR Corporation (Fidelity Management & Research Corp). ownership interest 4.26%
(2) State Street Corporation. ownership interest 3.43%
(3) Barclays Global Investors UK Holdings Ltd. ownership interest 3.21%
(4) Wellington Management Company, LLP. ownership interest 3.21%
(5) Legg Mason Inc. ownership interest 2.77%
(6) Vanguard Group, Inc. ownership interest 2.63%
(7) Morgan Stanley. ownership interest 2.06%

Shares Held by All Insider and 5% beneficial Owners 20.00%
Total ownership held by of Barclays and their "associates" 11.47%
Total ownership and control by this Group 29.83%
Total control by all insiders including this group 49.83%
Remember it only takes 10% to control a company.

Who Controls CBS and its news:
There are two investment pools that have not been mentioned they are as follows: NAIRI, Inc., and NWQ Investment Management Company, LLC.
They are also Bank investment pools
(1) NAIRI, Inc. Controls 6.14% of CBS
(2) NWQ Investment Management Company, LLC. Controls 4.72% of CBS
(3) Wellington Management Company, LLP Controls 4.47% of CBS
(4) Barclays Global Investors UK Holdings Ltd. Controls 3.96% of CBS
(5) Franklin Resources, Inc. Controls 3.73% of CBS
(6) T. Rowe Price Associates Controls 3.34% of CBS
(7) Harris Associates L.P. Controls 3.30% of CBS
(8) Morgan Stanley controls 2.96% of CBS
(9) State Street Corporation controls 2.94% of CBS
(10) Vanguard Group, Inc. controls 2.69% of CBS
(11) Capital Research And Management Company Controls 2.43 % of CBS
Total Control by Barclays and their associates 21.65%
Total Control of CBS by Banking interests 58.37%

Who controls NBC and its news:
NBC is owned by General Electric Co. (a government contractor) and controlled by the following Banking Interests:
(1) Barclays Global Investors UK Holdings Ltd controls 3.77% of NBC Stock
(2) Capital Research And Management Company controls 3.01% of NBC stock
(3) FMR Corporation (Fidelity Management & Research Corp) controls 2.90% of NBC Stock
(4) State Street Corporation controls 2.85% of NBC
(5) Vanguard Group, Inc. controls 2.55% of NBC
(6) AXA (Paris, France) controls 1.79% of NBC
(7) Northern Trust Corporation controls 1.44% of NBC
(8) Mellon Financial Corporation controls 1.38% of NBC
(9) T. Rowe Price Associates controls 1.17% of NBC
(10) JP Morgan Chase & Company controls 1.09% of NBC

Total percentage controlled by Barclays and "associates” 11.70% of NBC Stock
Total Bank control of NBC 29.88%, remember only 10% is needed to control a company

FOX is owned by NEWS CORP. and is controlled by the following Banking Interests:
(1) AE Harris Trust controls 6.08% of FOX
(2) Legg Mason Inc. Controls 4.35 % of FOX
(3) FMR Corporation (Fidelity Management & Research Corp). Controls 3.02 % of FOX
(4) Morgan Stanley. Controls 1.26 % of FOX
(5) Harris Associates L.P. Controls 1.25 % of FOX
(6) Southeastern Asset Management, Inc. Controls 1.04% of FOX
(7) Mellon Financial Corporation Controls 0.85% of FOX
(8) JP Morgan Chase & Company Controls 0.70% of FOX
(9) Capital Research And Management Company Controls 0.65% of FOX
(10) UBS AG Controls 0.53% of FOX
(11) Citigroup Inc. Controls 0.52% of FOX

Total percentage FOX controlled by Barclays and "associates" 7.68%
Total Control of FOX by Banking Interests is 27.93%

CNN is owned by Time-Warner Inc. and controlled by the following Banking interests.
Percent of shares held by all insiders and beneficial ownership of 5% or more is only 4.00%
(1) Legg Mason Inc. controls 4.38% of CNN
(2) AXA (Paris, France) controls 3.72% of CNN
(3) Dodge & Cox, Inc. controls 3.62% of CNN
(4) Barclays Global Investors UK Holdings Ltd controls 3.29% of CNN
(5) State Street Corporation controls 3.08% of CNN
(6) Capital Research And Management Company controls 3.02% of CNN
(7) UBS AG controls 2.88% of CNN
(8) Vanguard Group, Inc. controls 2.63% of CNN
(9) Goldman Sachs Group Inc controls 2.22% of CNN
(10) Deutsche Bank Aktiengesellschaft controls 1.95% of CNN

Total percentage controlled by Barclays and "associates" 12.97%
Total Control of CNN by Banking Interests is 40.47%

Again the point being made, if we are going to go to war with a country, for example “IRAQ”, do you really believe the Media will question the motive or the purpose, when ABC, CBS, NBC, CNN, and FOX and each newspaper, magazine and radio station that provides us our “nightly news” are ALL controlled by the Banks and their investment pools. And when the war profiteers such as Halliburton, Brown and Root, Bechtel, and each company the Government contracts with to carry on the war effort are controlled by these same Banks and their investment pools?

Ok, now that we understand how the system is set up, do you honestly believe you can successfully invest in the stock market long term?

Well you can and you can reap large profits, if you find a start up and get lucky, but the safest bet is to acquire shares in these banks and their investment pools, in that way you own what the Banks own and profit as the Banks profit, from the dividends. No need to invest in individual Fortune 500 companies when you can invest in JP Morgan or State Street Corporation or any one of the companies we have disclosed in this article, and own a piece of everything.

There is an old saying, if you can’t beat them join them, in this case by investing with the Banks, you also can win!

Layered Capitalism and the Fall of Democracy

The Banks have taken control over all major American Corporations. With this they control not only the corporation, but our very existence as a free people. Our media, (Radio, Television, and Print) are controlled, our medical care can be denied, as they own the hospitals and insurance companies. Our jobs can be terminated by their will as they control every one of the fortune 500 companies. Credit can be denied as they are the providers. The Banks today touch and control every aspect of our lives.

The Facts:

The Federal Reserve System, established by Bankers, has allowed moneyed monopolies, which they control, to spring board control over all of our lives, whether our industries, the Media (Radio and Television), our hospitals, our manufacturing, our Newspapers, our Pharmaceutical companies, our oil companies, or any of the fortune 500 companies. The Banks and their investment vehicles control every single corporation that is a part of any facet of our existence. It is by virtue of this complete control over the financial resources of our industry and employment that they control without limit those very individuals who are elected to public office and through them the government of the United States.

These same corporations control everything and even control each other in layers, having set up their own investment vehicles in which each of these players own an interest. It doesn’t matter if one corporation such as Lehman Bros. fails they own Goldman Sachs also, in fact they own them all!

These insidious corporations controlled by possibly 10 families are: (i) JP Morgan; (ii) Barclays Global Investors UK Holdings Ltd; (iii) State Street Corporation; (iv) FMR Corporation (Fidelity Management & Research Corp); (v) Vanguard Group, Inc.; (vi) Mellon Financial Corporation; (vii) Legg Mason Inc.; (viii)Morgan Stanley; (ix)Bank Of America Corporation; (x) Franklin Resources, Inc.; (xi) Goldman Sachs Group Inc.; (xii) Janus Capital Management, LLC; (xiii) Price (T. Rowe) Associates Inc.; (xiv) Bank of New York Mellon Corporation; (xv) Northern Trust Corporation; (xvi) AXA (Paris, France); (xvii) Wellington Management Company, LLP; and (xviii) Capital Research Global Investors. Each company is related to the others.

The observer will notice an overlay of corporations that control not only the “target” Corporation, but the entity that invests in the target corporate. In the Examples below you will see that State Street Corporation, for example, invests in Price (T. Rowe) while Price (T. Rowe) invests in State Street Corporation, yet the investors in each are the same players, using these vehicles to layer and conceal their identity while they control another corporation such as Hewett Packard or Alcoa or American Express or A T & T or any of the other fortune 500 companies.

Another example is JP Morgan and Northern Trust Corporation, follow the money and you will see that these Banks and investment pools they control, own or control everything in the United States. Thus all of our income, wherever we spend it, goes to them. What ever we want, what ever we need we pay the Banks for the privilege of acquiring it. If we work for Wal-Mart, we are working for these banks and their investment pools e.g. Barclays Global Investors UK Holdings Ltd; State Street Corporation; Vanguard Group, Inc.; FMR LLC (Fidelity); Morgan Stanley; Dodge & Cox Inc..; AXA (Paris, France); Capital World Investors; Bank of New York Mellon Corporation; Wellington Management Company, LLP.

If you work for Verizon you are working for these same banks e.g. Barclays Global Investors UK Holdings Ltd.; Capital World Investors; State Street Corporation; Vanguard Group, Inc.; AXA (Paris, France); Capital Research Global Investors; FMR LLC (Fidelity); Morgan Stanley; and Northern Trust Corporation.

If you need a prescription drug or over the counter product you would buy a product manufactured by either: Pfizer, Johnson & Johnson, Novartis, AstraZeneca, Merck, Abbott Laboratories, Wyeth, Eli Lilly & Co., Bristol-Myers Squibb Co., or McKesson Corp. In either event these competing companies are all controlled by the same banking interest e.g. Barclays Global Investors UK Holdings Ltd; State Street Corporation; Vanguard Group, Inc.; FMR LLC (Fidelity); Morgan Stanley; JP Morgan, Wellington Management Company, LLP, AXA (Paris, France), Bank Of America Corporation, Goldman Sachs Group Inc., and Janus Capital Management, LLC.

The Banks even invest in each other for example the investors in JP Morgan are: Barclays Global Investors UK Holdings Ltd; AXA (Paris, France); State Street Corporation; Vanguard Group, Inc., FMR LLC (Fidelity) Morgan Stanley, Bank of New York Mellon Corporation, Capital Research Global Investors, and Northern Trust Corporation.

The investors in Goldman Sachs Group for example are: Barclays Global Investors UK Holdings Ltd.; State Street Corporation; FMR LLC (Fidelity); Vanguard Group, Inc.; Wellington Management Company, LLP.; AXA (Paris, France); Janus Capital Management, LLC; Price (T. Rowe) Associates Inc.; and Northern Trust Corporation.

If you get seriously ill and are hospitalized, you will be admitted to one of these hospitals, HCA Inc, Health Management Associates Inc., Tenet Healthcare Corp., Triad Hospitals Inc., or Community Health Systems, Inc., your insurance will benefit these investors; FMR Corporation (Fidelity Management & Research Corp); T. Rowe Price Associates; Barclays Global Investors UK Holdings Ltd.; Mellon Financial Corporation; Franklin Resources, Inc.; Vanguard Group, Inc.; JP Morgan Chase & Co.; and State Street Corporation.

The investors in Janus Capital Group Inc. who invests as a separate entity are: AXA (Paris, France); Vanguard Group, Inc.; Barclays Global Investors UK Holdings Ltd.; State Street Corporation; Price (T.Rowe) Associates Inc.; FMR LLC (Fidelity).

The investors in Legg Mason Inc., are AXA (Paris, France); Price (T. Rowe) Associates Inc.; Barclays Global Investors UK Holdings Ltd.; Vanguard Group, Inc.; Goldman Sachs Group Inc.; State Street Corporation; Franklin Resources, Inc. Legg Mason has subsidiaries such as Private Capital Management Inc. and Royce & Associates, these entities may invest separate from or in addition to Legg Mason.

Do you get the picture?

We’ve been suckered because of corruption that began before we were even born, bribery and deception and the total control over the money of America, the 1913 passage of the Federal Reserve Act. Because of this control over our money, the banks have become so powerful, that they are no longer capable of being restrained. The Government has and will continue to cower before them, as we have already observed, with the trillions of dollars in bailouts, all at our expense.

Did the banks need the bail out money?

Absolutely not! They could have sold shares in one or more of the companies they control! The value is in the Trillions. It’s now strictly a give and take, we are required to give, and they to take the remainder of our wealth, until we as a nation are bled to death, and then the form of this government will change more to their liking. If we allow this travesty to continue unabated, Democracy is finished, and so too is America.

Health Care, the War of Attrition

Real Health Care in the United States first attempted in1902 by Theodore Roosevelt remains today as aloof as ever.

The issue of Health Care, now in its 107th year of debate has become a war of attrition, a wearing down of the opposition until they finally “if ever” understand that Money is not the true god of man. Only then may we finally obtain, both for ourselves, our posterity and all of humanity, what is a natural and fundamental right of birth, an entitlement as human beings, to universal health care. Real universal health care that includes alternative therapies, frowned upon by the establishment elite.

The powerful corporate interests, motivated by the bottom line, control our government, they have pitted the Natural right of American citizens to a free, open, and affordable health system, against the monopolies of the health care industry, the Hospital, Insurance, Medical (AMA) and their allies, the Banking cartels.

Our interests are not related to Profits nor motivated by a bottom line. Our interests are the initiatives related to the right to access medical care free of the fear of bankruptcy, a natural right consistent with birth.

Most civilized nations today have some form of National Health Care, these include; but are not exclusively listed, Brazil, Canada, Columbia, Mexico, Peru, China, Hong Kong, India, Israel, Singapore, Taiwan, Thailand, Finland, Germany, The Netherlands, United Kingdom, England, Northern Ireland, Scotland, Wales, Australia, Cuba, Japan and New Zealand the list is endless.

Strikingly absent from this list is the United States, The United States is the only wealthy, industrialized nation that does not have a universal health care system.

The Primary reason for this failure: our elected officials are so easily bribed by any industry that will donate to their campaign finances. This legal form of Bribery is called lobbying. Bribery allowed by legislators who set their own standard, which by any definition, is very low.

As is often said, we in the United States have the best government money can buy! And I would add, often very cheaply.

The revolution of 1775 was fought over a long line of abuses consisting of, inter alia (i) Taxation without representation and (ii) The issue of Currency control.

These abuses, over which a revolution was fought and won, have once again returned. We have no representation, indeed in any office of government. Corruption, having again become inbred in our system, our representation at best an illusion, overrun by the dictates of the moneyed monopoly, the masters of congress.

The Banking interests who pay their servants control our destiny! And we are taxed for their benefit, both in our finance and in our blood.

How can a people who have struggled long years under oppression throw off their oppressors and again re-establish a free society?

The problems though immense, the solution is simple, it lies in the education and enlightenment of our people, and the re-emergence of a spirit that will once again serve as a cornerstone for independence and self-government, a foundation free of corporate control over our destiny. To this end is required a free and open media, unrestrained of government interference and control.

The Last Republic

One of the Founding Fathers; Thomas Jefferson is credited with the following warning:

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

There is substantial debate as to whether this comment is rightfully awarded to Jefferson. We do know that Jefferson was an antagonist to a Central Bank, and fought Hamilton during the 1790 debates over the chartering for the First Bank of the United States. By the verbiage claimed of Jefferson, it would seem that this comment was designed sometime after the first great depression following the passage of the Federal Reserve Act of 1913, and not, however relevant this observation, letters written during 1802 to1809 of which no credible evidence exists.

It is In any event axiomatic. The prediction having come now to full measure!

Examples of the large corporate interests that have sprung up around the banking interest are many, for example, look at the mega corporations, DuPont, United States Steel Corp, (a JP Morgan Co.) Halliburton, Brown and Root, Alcoa Aluminum, AOL-Time Warner, Bertelsmann, Viacom, News Corporation, General Electric (owner of NBC), Westinghouse Inc. (owner of CBS), Disney (owner of ABC), Sony (owner of Columbia and TriStar Pictures and major recording interests), Seagram (owner of Universal film and music interests), Standard Oil (now Exxon), General Motors, and ITT, there are more than 200 large corporations with intermixed ownership and control in the hands of only 5 families.

In the book “The Last Republic”, you will discover how these families obtained their wealth, and, you should be outraged. While we toil for a living, they break every law of nations, and we, the pawns in a global conspiracy, protect their interest with the blood of our children.

But even more concerting, you will learn that they, the bankers, have planned and implemented two great depressions since 1913, through which they have confiscated our wealth. But this aside, through bankers intent or incompetence or greed, we have had (9) recessions in the 121 years prior to the passage of the Federal Reserve Act, and (16) in the 96 years since its adoption. These later experiences have been more frequent and more devastating to our economy.

Each has a common denominator “Control by a Central Bank”, creating an artificial boom then bust, inflating then deflating our medium of exchange. By inflating the currency through excessive money creation, the banks cause all prices of goods and services to rise, then by detracting or deflating the currency, they cause all prices and services to fall thus causing the Boom/Bust business cycle, resulting in bankruptcies, foreclosures and often these devastating conditions cause despair and loss of human life.

If the Federal Reserve remains in control of our monetary system, by its past performance we “will” endure, in the next 26 years, between 4 and 7 additional recessions of varying degree and intensity.

Certain immutable truths: Banks like governments have a propensity to self corrupt. Of necessity they have an inherent overlay, a matrix of an ideology based upon greed which necessitates control. Unlike government, Bankers possess the means to advance their corruption. It is called money, that over which the banks have now total and complete control. The purse strings of the nation. Both obtain their wealth from the people they serve, and just as money is power, so too then is knowledge. It is this lack of knowledge that allows us to be controlled, both by government and by those within government to whom they answer.

I am not one easily taken to conspiracy, but after much assiduity, I have come to the only conclusion evidence supports, there is a conspiracy to control the resources of the world, and we are part of that resource.

As you read “The Last Republic” you will learn of an attempt by several public people including Prescott Bush (Grandfather of George W. Bush) and JP Morgan (of the banking empire), to overthrow this government, the government of the United States, this is not a fantasy or an alleged conspiracy, or an imagination on overload, it is fact supported by evidence, the congressional record and newspaper articles of the time. It is documented as true!

It appears, as history suggests, that capitalism thrives in an atmosphere of corporate governance, more commonly understood as Fascism (that which became a predominant factor under George W. Bush) it is for that reason that the constitution had to be nullified, and it was accomplished in short order.

Revolutions can take many forms, from the silent and deceptive revolution, accomplished in secret, as we have ourselves witnessed, to the sonant revolution that often lead to violence and blood shedding accomplished in the streets of nations.

Plato, centuries ago, already understood, that first and foremost there is power, this power we have all a right to possess. It is called knowledge. We have unwittingly allowed this power, the power of knowledge to be conciliated by the enemy. To be transmuted and eviscerated by their indiscretion, withheld us through the tools by which we are informed “The Media”, now fully in league with government, which is fully in league with the Banks. We are become of the dark ages of Christianity, cowering before the gods of gold, the money changers, as we have thus given up our power. We are no longer an enlightened people.

This nation has been overthrown by a revolution quietly mounted and carried out secretly, yet in plain view of a public arena overloaded by the stresses of daily living, and “intentionally” dummied down by the excitement of the entertainment complex and their version of the nightly news. We as a people have been subdued and seduced by the opiate known as Television.

Time to say “Good Night and Good Luck” to the Fed

The Federal Reserve Act of 1913 creating the private Federal Reserve System has been responsible for more bank failures than during the entire history of America, and that includes the beginning of the colonial empires, and now its time to say to the system as Edward R. Murrow would say, good night and good luck.

The current bantering between Ken Lewis (CEO Bank of America) and Congress regarding the potential for Bank of America failure is fueled by none other than Ben Bernanke (Chairman of the Federal Reserve). As we have come to find out, Merrill Lynch was teetering on the edge of catastrophe as the losses on their toxic assets were no longer able to be contained, they were about to implode under the weight of a $78 Billion dollar loss ($78 Billion).

Bank of America in December after discovering the extent of Merrill’s looming losses considered retreating from the deal. The Fed determined that this deal MUST be made, and that if the deal were completed at that time the losses that would be disclosed to the public and BOA shareholders could be much less. As BOA took over Merrill January 09, Merrill reported a $15.8 billion loss for the fourth quarter. Everyone at the Fed and the FDIC were happy, only the Shareholders of BOA stock, when the deception was discovered, were not.

The takeover by BOA allowed Merrill to disclose a mere $15.8 Billion in losses in their January report. What happened to the remainder, well that is now the problem facing BOA, and the subject of their current financial distress, which will require a further bailout of BOA with taxpayer money, (our money).

BOA at the time of the merger was in no better shape, with losses on a much lower scale but losses nevertheless. Bernanke intimidated Lewis to take over Merrill, through “gentle persuasion” pointing out all of the reasons that the deal MUST be completed which included the potential for BOA to also fail if they backed away.

Memos that have been released establish communications between members of the Fed, but particularly between Kevin Warsh, Scott Alvares, and Ben Bernanke at the crucial period, November and December 2008, in which a plan was devised to intimidate Lewis to takeover Merrill Lynch. The discussions circled all of the reasons that the merger MUST go forward, including the potential failure of BOA and Merrill if they did not proceed, and included discussions of the potential collapse of the financial market fully.

The e-mails show that the Fed engaged in a cover-up and deliberately hid concerns and pertinent details regarding the merger from other Federal Regulatory agencies and from the public. The Fed did this fully understanding the implications that the merger might create additional problems of viability for BOA, as such the Fed had agreed and promised BOA left over TARP money to assist them in the takeover. The Fed also promised Loans, which Lewis declined in favor of gifts or incentives.

In light of all the adverse publicity surrounding the Banks and their continuing Fraud, Wall Street has now retained PR groups to clean up their public image employing two former aides to Treasury Secretary Henry Paulson in eschewing that image.

The Banks now “pledge” to “embrace change” and “accountability”. (right) The PR campaign plan targets policy makers in congress and the media in New York, London, Washington and Brussels and calls for a “city-by-city, grass roots approach. The Banks plan is to make the public “believe” they are part of the solution. (The PR Firm believes the forgetful public may well embrace this concept over time) .

The Bank program crafted by polling, lobbying and public relations companies paid and continue to pay out more than $85,000 a month from bailout funds which were placed in their reserves and invested in Oil and other commodity futures.

“It is imperative that in this historic period of reform, the industry be recognized as playing a positive role in seeking change and providing solutions to the problems we face,” one of the documents from the PR firm explains. “There is currently widespread skepticism about the industry’s commitment to this needed change.” An astute observation garnered by public outrage.

The plan calls for the use of regional securities firms, which have escaped notoriety in the financial crisis, to push the industry’s message with their local assets in Congress, members of the house and senate who are on the receiving end of the Banking industry bribe money.

The Brunswick Group LLC an entity consisting of Michele Davis, Secretary Paulson’s former spokeswoman, and Jim Wilkinson, his former chief of staff, are running the show at a retainer of $70,000 a month. Paulson as you may recall had an interest in Goldman Sachs which he saved with Government bailout money. Henry Merritt "Hank" Paulson Jr. was the Chairman and Chief Executive Officer of Goldman Sachs and cut the company a sweet deal with our money, at the same time securing the value of his securities in the firm. Paulson gave a $10-billion "gift" to Goldman Sachs, the firm Paulson headed before joining the Bush team.

Assisting Davis and Wilkinson is a Democratic polling company, Brilliant Corners Research and Strategies, which is paid $5,000 a month. Brilliant Corners is run by pollster Cornell Belcher, who worked on Obama’s campaign. BKSH & Associates Worldwide, a lobbying firm chaired by Republican strategist Charlie Black, signed on for an additional $10,000 a month. In all the cost for this phase of the plan is $85,000 a month, spread out where everyone gets a slice of the pie.

The real thrust and motivation of the Banks is a two fold frontal attack (i) to clean up their damaged image, and more subtly (ii) to promote the creation of a federal systemic risk regulator (FRR) that has increased government power to wind down financial firms that don’t own banks, (the competition).

About 600 securities firms, brokerages and asset-management companies are members of the trade group SIFMA which is funding the PR campaign, through its members. It counts among its members the biggest U.S. banks, including Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co., which have received capital injections from the $700 billion Troubled Asset Relief Program.(TARP)

The Banks’ real concern is that Wall Street can not afford to be left out as the Obama administration and Congress push for increased oversight, executive-pay limits and other restrictions likely to affect the industry and its players for decades. It is because of this concern that the Banks intend to invest Millions in bribes to accomplish their agenda, and to possibly draft the legislation they will approve. After all they, the Bankers are the Masters, the puppeteers, and Congress and Obama the mere servants and puppets.

Obama, the Bankers puppet in office plans to expand the power and authority of the FED the single most troubling agency, which is not part of the Federal Government, an agency that has mismanaged the economics of this country from its inception, in favor of the Banking Interests, while destroying the Volatility of numerous private enterprises and families through its manipulation and mismanagement of the money and credit supply.

This includes Greenspan, who was the chief architect in discarding Glass Stiegel Don’t be fooled, the Banks Must be fully restrained and controlled, what has already happened on more than one occasion, will happen again, and again, Bankers CAN NOT be trusted, we have the ability to control the Banks even if Congress will not, its called the power of the purse. Banks can not survive without our deposits, consider that.