It has been said that the end of our republic would come about through the courts! Today that proverb has come home to nest.
The US supreme court as expected has ended limits on corporate spending for US political campaigns, which will effect this year's congressional races and the 2012 presidential contest. This ruling marks the beginning of the end for our Republic.
The 5-4 ruling on Thursday was a defeat for the law's supporters who said that ending the limits would unleash a flood of corporate money into the political system to promote or defeat candidates. A further argument which seemed to also fail was that the First Amendment guaranteeing free speech did not guarantee that right to corporations.
The ruling by the Bush appointments, and conservative majority transformed the political landscape and the rules on how money can be spent in future presidential and congressional elections, which have already broken new spending records with each political cycle.
The justices on Thursday overturned supreme court precedents from 2003 and 1990 that upheld federal and state limits on independent expenditures by corporate treasuries to support or oppose candidates. The ultra conservative court has continually since the Bust appointments were first seated over turned precedents that were based on good and sound law.
Writing for the majority, Justice Anthony Kennedy said the limits violated constitutional free-speech rights. "We find no basis for the proposition that, in the context of political speech, the government may impose restrictions on certain disfavored speakers," he wrote.
How the court determined that a Corporation was a natural person and had the rights of individuals is still an enigma. It is a stunning defeat for literacy.
A corporation is not a natural person it is a creation of law, and as such DOES not possess the rights garnered by the US Constitution, for example: Both the fifth and the fourth Amendment have been found not to apply to corporations: A recent 1st Circuit Court of Appeals case has a nice summary of the various decisions and doctrines preventing corporate entities from asserting 5th amendment privileges against self-incrimination. The case, Amato v. US, involved a subpoena to produce corporate records for a corporation whose sole shareholder, officer and employee was the target of a criminal investigation. The plaintiff in the case (who was the sole shareholder) attempted to quash a subpoena for corporate records by asserting 5th amendment privileges. The Appeals Court ultimately upheld the subpoena holding that corporations may not assert 5th amendment privileges to avoid producing documents.
But as the court today “incorrectly” noted: the same entity that does not possess constitutional rights now possesses the constitutional right of free speech?
Dissenting views
The court's conservative majority, with the addition of Chief Justice John Roberts and Justice Samuel Alito, both Bush appointees, previously voted to limit or strike down parts of the law designed to regulate the role of money in politics and prevent corruption.
The court's four liberals, including its newest member, Justice Sonia Sotomayor, who was appointed by Obama, dissented.
In his sharply worded dissent, Justice John Paul Stevens said: "The court's ruling threatens to undermine the integrity of elected institutions across the nation."
The case began when a conservative group, Citizens United, made a 90-minute film called “Hillary: The Movie” that was very critical of Hillary Clinton, now-secretary of state, as she sought the Democratic presidential nomination.
Film controversy
Citizens United wanted to air advertisements for the film and distribute it through video-on-demand services on local cable systems during the 2008 Democratic primary campaign.
But federal courts said the film looked and sounded like a long campaign
advert, and therefore should be regulated like one.
Hillary: The Movie was advertised on the internet, sold on DVD and shown in a few theaters.
Campaign regulations do not apply to DVDs, theaters or the internet.
The court first heard arguments in March, then asked for another round of arguments about whether corporations and unions should be treated differently from individuals when it comes to campaign spending.
After a special argument session in September, the conservative justices gave every indication that they were going to take the steps they did on Thursday.
Was the decision correct? The right of Free speech applies to individuals, not corporations, and it stems from the first amendment to the US Constitution:
"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances."
In an intelligent reading of the language of the First Amendment it is clear that it was meant strictly for individuals, “people” are individuals, not corporations” to interpret it otherwise as the Supreme Court has now done is to nullify the very existence of our republic. We will from this day forward no longer be a democracy; instead we are now to be ruled by “corporate control” through its vast economic resources, over our government. In short welcome to Fascist America.
Showing posts with label Democracy. Show all posts
Showing posts with label Democracy. Show all posts
Friday, January 22, 2010
Friday, July 24, 2009
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.
Labels:
banks,
Capitalism,
Democracy,
Federal Reserve,
Insurance,
Jack Ferm,
Manufacturing
Subscribe to:
Posts (Atom)
