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.

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.

Oil Prices Continue to Rise in Anticipation of Dollar Collapse

American Taxpayers have given Wall Street Banks almost 14 trillion dollars in bailout money, yet they fail to do what they promised, to loosen credit, help those facing foreclosure and provide the liquidity that businesses and consumers need to jump start an economy trashed by these very same bankers.

While we go in debt for future generations, the Banks use our money to hire lobbyists who work to prevent legislation planned to help us and the economy.

And who stands up to stop them?

Certainly not Congress and certainly not President Obama! In short we have the best government money can buy, and the price isn’t all that much. The Legislative Ethics Law forbids a Legislator or a member of his or her immediate family from accepting a “gift” (other than a campaign contribution) from persons affected by legislation or who have an interest in a business affected by proposed legislation, where it is known or reasonably should be known that the purpose of the donor in making the gift is to influence the Legislator in the performance of his official duties or vote, or is intended as a reward for action on his part. For more information, please see Section 1014(B) of the Legislative Ethics Law. The caveat here is “other than a campaign contribution” luckily all bribes to members of Congress are now paid in campaign contributions.

This has been a problem not only in Washington but in each state as well and there seems to be no way to end the practice, as such we will never have meaningful legislation to protect the consuming public from the banks and their unlawful control over our lives, which includes the confiscation of the wealth of our country.

The Bankruptcy provision to cram down the debt of owner occupied homes was a very good law aimed at preventing foreclosures, yet it was defeated with the aid of 12 democrats who favored the bankers’ interest over their constituents’ interest, and we can only surmise why! It will be interesting to see which banks provide their campaign money.

The Credit Card Bill of Rights is not all it purports to be, it does not rain in the banks control over credit card interest rates, nor the effect of the Bankruptcy code which does not allow the discharge of credit card debt except under strict guidelines.

Thanks to us, the taxpayers, and a Congress easily bribed, bankers still and always will "own" the US Senate, as Sen. Dick Durbin (D-Illinois) put it. Thanks to us, the taxpayers, and a Congress easily bribed the insurance companies and health maintenance organizations still have the clout to keep single-payer health care "off the table." And thanks to us, the taxpayers, and a Congress easily bribed the huge financial supermarkets like CitiBank can still block a reenactment of anything like the New Deal's Glass-Steagall Act, which since 1933 kept the high-rollers in investment banks from gambling with "our savings". For those who forgot, Wall Street pushed the repeal of Glass-Steagall in 1999 and Bill Clinton signed the repeal into law.

Why we as Americans put up with - and pay for - Wall Street and our own Congress's continued corruption, and the corruption of the Federal Reserve System that allows and promotes it, is a question that still needs to be answered. Wall Street's power remains a fact of life, kept alive by taxpayer dollars, government printing presses, and a Congress easily bribed.

Now consider, we have given the banks some 14 trillion dollars, which they are holding in reserve, because of our fractional reserve system (The Federal Reserve System) - this 14 trillion dollars would allow the banks, if they were inclined to loan money, to loan 140 Trillion Dollars. Investors around the globe are concerned about hyperinflation, as such large capital investors are hedging against this impending inflation by buying oil futures, the purchase of which is driving up the price of oil and subsequently the price of gas at the pump. In short the dollar is actually collapsing because of the volume of it, and this is again being promoted and advantage taken by none other than Wall Street!

Wall Street Bankers take our money then use it to compound the problem by deflating the currency and making more money as the price of oil rises.

Does anybody care?