“It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principal within a given term.”
“Perhaps it is a universal truth that the loss of liberty at home is to be charged to provisions against danger, real or pretended, from abroad.”
“The right of self defense never ceases. It is among the most sacred, and alike necessary to nations and to individuals, and whether the attack be made by Spain herself or by those who abuse her power, its obligation is not the less strong.”
“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.”
John Quincy Adams
Robin: Don’t you think we should make these election posters a little bigger, Batman?
Batman: I think these are quite large enough, Robin. After all, the voters are interested in issues, not window-dressing.
Robin: Sure Batman, but a little showmanship wouldn’t hurt us any.
Batman: No Robin, I want to conduct a campaign that deals with the issues. I’m convinced the American electorate is too mature to be taken in by cheap, vaudeville trickery. After all, if our national leaders were elected on the basis of tricky slogans, brass bands and pretty girls, our country would be in a terrible mess, wouldn’t it?
Batman episode Hizzonner the Penguin (1966)
The United States presidential election of 2016, constitutionally prescribed to occur on Tuesday, November 8, 2016, will be the 58th quadrennial U.S. presidential election. Voters will select presidential electors who in turn will vote for a new president and vice president through the Electoral College. As of today we know that the presidential ballots in a majority of states are to include Hillary Clinton, Gary Johnson, Lloyd Kelso, Jill Stein, and Donald Trump. Iowa, specifically, is one of 8 states that count write in votes without pre-filing. There are two ways that we could end up with a historic election in 2016. The first way is for Clinton or Stein to win, making the victor our first female President. The second way is to for anyone outside of the two major parties to win the 270 Electoral College votes needed to assume the Presidency. No matter who one votes for it is likely that the President will get to help decide on the next supreme court appointment and on a number of pressing bills in congress. As a proud member the fourth estate, I do not dwell on party loyalty, yellow journalism, fear mongering, and least of all on conspiracy so let us take a look deeper into what is actually at stake in this election shall we? Please bear with me as this peice is a bit of a doozy.
The closest third person to clinching a place in the debates with Trump and Clinton, is Gary Johnson. Johnson’s highest national poll result so far has been 13 percent, but he needs an average of 15 percent across five as-yet-unnamed surveys to be determined later by the Democrat/Republican-controlled Commission on Presidential Debates before debate season begins in late September. The Libertarian and Green parties filed suit last September with U.S. District Court in Washington, D.C., seeking to get the 15 percent requirement waived on antitrust grounds, since the two existing market entrants have created an entity which has created rules designed specifically to blunt competition. It’s now just a month before the first presidential debate is scheduled to be held, and Judge Rosemary Collyer still hasn’t ruled on the motion. In terms of all other candidates, it is important to remember that the polls only recently starting including anyone still in the running besides Trump and Clinton. They do not include independents like Lloyd Kelso. An Evolving Strategies poll currently has Gary Johnson, Libertarian, with 16% in Iowa.
Evolving Strategies is a private, Virginia-based research firm that gathers data, performs complex analysis, and implements randomized-control experiments to gain insight into human political behavior. The firm’s findings provide its clients with guidance for the development of effective communications strategies. Ballotpedia is a nonprofit, nonpartisan professionally curated encyclopedia designed to connect people to politics and elections at the local, state and federal levels. Ballotpedia partnered with Evolving Strategies and surveyed voters across seven states (June 10 – 22) regarding their vote preference. In all seven states, Clinton polled higher than Trump. The tightest battleground race between the two frontrunners was in Iowa, where Clinton leads Trump by a weighted 4 percentage points. Clinton saw the largest lead in Michigan, where she leads Trump by a weighted 17 percentage points. Comparatively, John Kasich polls ahead of Clinton in five of the seven states, and Paul Ryan polls ahead of Clinton in three states. With 16% Gary Johnson is doing better in Iowa than in any other battleground state.
No principled vote is ever a wasted vote, nor ever a vote for candidate that you do not like. Abraham Lincoln would take umbrage with those who say a third party can never win. This two-term congressman from a six-year-old party beat the sitting vice president and a two-term senator, former War secretary, and speaker of the House to be president of the United States with almost 40 percent of the popular vote and 60 percent of the electoral vote. You don’t need a majority, or even a plurality, of electors to win the presidency. If no candidate for president receives a majority of electoral votes, then the House of Representatives decides the election—the next House of Representatives. So the third-party candidate wouldn’t need to win a majority outright so long as no other candidate does either. Trump likes to brag about winning more than 10 million votes. He leaves out the fact that almost 16 million people voted for someone other than Trump. Of the 27 contests Trump won before he became the presumptive nominee, he only received majorities in seven of them. If you recall, Iowa was not one of these seven. Bernie Sanders took more than 9 million of the nearly 22 million votes cast in Democratic primaries. The combined Not Trump and Not Hillary votes total more than 25 million out of the about 48 million votes cast, for more than 52 percent.
According to gallup, a new record of 43% of the citizens of the USA are political independents. While the two main parties nominations are fending off internal insurgencies, lawsuits, and potential felonies, the platforms for both major parties do share one glaring plank in common. A call for a banking act, as in a modern day Glass-Steagall Act. It is worth noting that President Bill Clinton publicly declared, “the Glass–Steagall law is no longer appropriate”, shortly before it was repealed in 1999. Many commentators have stated that the GLBA’s repeal of the affiliation restrictions of the Glass–Steagall Act was an important cause of the financial crisis of 2007–08.
The repeal of the original “Glass-Steagall Act” of 1933 was perhaps the single greatest criminal act committed against the economic welfare of the American people in the 20th Century. Following the financial crisis of 2007-08, the first act of Congress should have been to correct their folly by restoring Glass-Steagall, thus eliminating the massive bubble of gambling values and erecting a firewall between the uncontrolled speculation on Wall Street and the livelihood of the American people. Instead, under the threats and intimidation of the largest financial institutions, Congress passed an unprecedented bailout of the Wall Street banks. From the period between December 2007 and June 2010, the Federal Reserve secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned — and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious. The American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs. Thanks to heroic efforts of Congressman Ron Paul, Congressman Alan Grayson and Congressman Bernie Sanders to audit the Federal Reserve, we now know that the Federal Reserve secretly lent out over 26 trillion dollars’ worth of American money from 2007 to 2010 — much of it to foreign banks.
So how much could this figure have done if it were redirected into the United States economy, on behalf of the people — rather than rewarding the banks and financial institutions who started all this mess in the first place? To place $16 trillion into perspective, remember that the GDP of the United States is “only” $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is “only” around $19.5 trillion. The last budget that is being debated so heavily in Congress and the Senate was “only” $3.5 trillion. Take all of the outrage and debate over the deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. In late 2008, the TARP Bailout bill was passed — and loans of $800 billion were given to failing banks and companies. That was a blatant lie — considering the fact that Goldman Sachs alone received 814 billion dollars. As it turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.
Here is a small part of the letter where Congressman Alan Grayson reveals how he found this number, in the newly-audited Federal Reserve balance sheets, to John Hively — “The World’s Most Accurate Economic Forecaster Since 1989”.
Breakdown of the $26 Trillion the Federal Reserve Handed Out to Save Incompetent, but Rich Investors
CONGRESSMAN GRAYSON: I wouldn’t want anyone to think that I’m dramatizing or amplifying what this GAO report says, so I’m just going to list some of my favorite parts, by page number.
Page 131 – The total lending for the Fed’s “broad-based emergency programs” was $16,115,000,000,000. That’s right, more than $16 trillion. The four largest recipients, Citigroup, Morgan Stanley, Merrill Lynch and Bank of America, received more than a trillion dollars each.
The 5th largest recipient was Barclays PLC. The 8th was the Royal Bank of Scotland Group, PLC. The 9th was Deutsche Bank AG. The 10th was UBS AG. These four institutions each got between a quarter of a trillion and a trillion dollars. None of them is an American bank.
Page 205 – Separate and apart from these “broad-based emergency program” loans were another $10,057,000,000,000 in “currency swaps.” In the “currency swaps,” the Fed handed dollars to foreign central banks, no strings attached, to fund bailouts in other countries….
These currency swaps and the “broad-based emergency program” loans, together, totaled more than $26 trillion. That’s almost $100,000 for every man, woman, and child in America.
That’s an amount equal to more than seven years of federal spending — on the military, Social Security, Medicare, Medicaid, interest on the debt, and everything else. And around twice America’s total GNP….
If the Fed had extended $26 trillion in credit to the American people instead of Wall Street, would there be 24 million Americans today who can’t find a full-time job?
Congressman Bernie Sanders revealed that in addition to handing out 16 trillion dollars, (not counting the ten trillion in “currency swaps” Congressman Grayson pointed out), the Federal Reserve also owns the financial agencies they are supposed to be regulating:
The GAO [audit] also revealed that many of the people who serve as directors of the 12 Federal Reserve Banks come from the exact same financial institutions that the Fed is in charge of regulating.
Further, the GAO found that at least 18 current and former Fed board members were affiliated with banks and companies that received emergency loans from the Federal Reserve during the financial crisis. In other words, the people “regulating” the banks were the exact same people who were being “regulated.” Talk about the fox guarding the henhouse! For example, the CEO of JP Morgan Chase served on the New York Fed’s board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Getting this type of disclosure was not easy. Wall Street and the Federal Reserve fought it every step of the way. But, as difficult as it was to lift the veil of secrecy at the Fed, it will be even harder to reform the Fed so that it serves the needs of all Americans, and not just Wall Street. But, that is exactly what we have to do. This next part makes me angry, and it should make you angry to, but I ask you to please channel your anger and focus it into your own personal activism and aim it at the right individuals!
Imagine if your family had a quarter million dollars saved — and then someone robbed you. What if the thief then told everyone what he did – but no one cared enough to do anything? That’s what just happened to every single family in the United States of America. Every single adult in the United States who was unemployed or on public assistance could have been given a job – so they can lead a happy, fulfilling and prosperous life – with plenty of money to spare. A vast public works program could easily have been created to stimulate the economy – so that the money would become an investment, not a one-time gift.We could have built high-speed bullet trains to make it easier and faster than flying to travel through congested urban areas — such as the East Coast megalopolis — and other corridors between nearby cities. We could have secured the borders, and restored our archaic, battered fleet of passenger airliners, (which still have ashtrays in the bathrooms,) with all new jets – and bigger, more comfortable seats. (Many flights are delayed or canceled for maintenance. This is a consistent problem when I fly.)
We could have restored our crumbling roads and bridges – increasing comfort, safety and gas mileage.
We could have transformed the inner cities with massive construction and refurbishing projects, and dramatically improved public transportation – making it easier for people to work. We could have massively upgraded the nation’s fiber-optic capabilities – bringing our Internet access up to speed with most of the rest of the developed world. We could have completely modernized public schools with enough computers for every kid. We could have trained or hired teachers to educate our children in the skills and software needed to be competitive in today’s evolving workforce – including touch typing, word processing, spreadsheet, Photoshop, web design, video editing, motion graphics, computer animation and music sequencing. We could have noticed the enormous popularity of Guitar Hero and RockBand and built sound-proofed music studios in schools, where kids earn lessons and studio time on real musical instruments as an incentive for good grades. If they sign a record deal, a figure such as 25 percent of their advance would be paid back to help finance the school. We could have boldly invested in clean energy technologies to heal the environment – as China is now doing, to the tune of half a trillion dollars. And, as Foster Gamble revealed in his groundbreaking independent film Thrive, we could have ended poverty and environmental destruction for as little as 200 billion dollars a year.
Instead of doing any of this, the “one percent” continued to live the lifestyles of the rich and famous — while the poor sank ever deeper into the Next Great Depression, as economist Paul Krugman recently called it. Thanks to deregulation, such as the repeal of the Glass-Steagall act, these institutions were allowed to hold one dollar in the bank, but then spend like they had 5, 10, 30 or even 100 dollars.
To put it in perspective, if you had ten thousand dollars in your checking account, you would suddenly become a millionaire if you could leverage it at the “100X” point in one single “trade”.
These financial institutions have manipulated and abused this system to do casino gambling, on a global scale — to the tune of hundreds of trillions of dollars. I personally do not think it is a bad thing to let these companies fail. I fight back with facts – and think for myself instead. The real money of ordinary people holding accounts in those banks could have been protected for much less than the cost of even the first public TARP bailout. Just to prove the point, let’s go to billshrink.com and get some provable statistics:
The average American household income was 50,000 dollars in 2010. The overall tax rate is 19 percent, leaving $40,500 in disposable income. Overall, Americans spend an incredible 94 percent of their disposable income. The remaining 6 percent is saved in the bank. This adds up to a mere $2,400 dollars per household. This is not a guess, but a provable statistic. With 114,825,428 households in the US, it would only take one payment of 275 billion, 581 million dollars to guarantee the savings of all American citizens. The Fed’s secret bailout of 26 trillion dollars was nearly 100 times greater than that.
Again, the Federal Reserve is a private corporation that prints money for the United States. The US then pays interest for the rights to use these “Federal Reserve Notes.” The Federal Reserve secretly handed out 26 trillion dollars in bailout money between 2007 and 2010. The top four bailed-out banks are now doing 95.9 percent of all the gambling. Their total risk adds up to 600 trillion dollars – ten times more than all the money in the world. At this point, it may seem that all we have to do is dismantle the Federal Reserve, let the US Treasury print its own money, back up everyone’s bank accounts for 275 billion dollars, and then allow a handful of “too big to fail” financial institutions to collapse — and be restructured in smaller pieces.
However, we now have scientific proof that this problem goes much deeper than just the Federal Reserve and a few of their closest banking buddies. Instead, the Federal Reserve appears to be at the epicenter of a vast “interlocking directorate” of companies that may earn up to 80 percent of all the world’s wealth. Swiss scientists quickly found a total of 43,060 trans-national corporations in the Orbis 2007 database. From this group, Glattfelder’s team revealed that a ‘core’ of 1,318 companies directly controlled 20 percent of the world’s wealth. However, these corporations also appeared to own and control the stock in a majority of the world’s largest companies — whose profits added up to an additional 60 percent of global revenues:
Although they represented 20 per cent of global operating revenues, the 1318 [corporations] appeared to collectively own, through their shares, the majority of the world’s large blue chip and manufacturing firms — the “real” economy — representing a further 60 per cent of global revenues. [This] core of 1318 companies [had] interlocking ownerships. Each of the 1318 had ties to two or more other companies, and on average they were connected to 20 [other corporations]. If that isn’t surprising enough for you, then how about this? Glattfelder’s team then crunched the numbers even harder – and found a very deeply hidden “super-entity” of only 147 corporations – and “much of it” was connected to the 1,318-company ‘core’. These 147 companies were all interconnected with each other in an “even more tightly knit” pattern than the 1,318 corporations in the ‘core’. To put it simply, they all owned each other’s companies. [Specifically, each company within the “super-entity” owned shares in all 146 others.] Together, this super-elite, good-old-boys-club of 147 companies directly earns a whopping 40 percent of all the wealth in the world:
When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies — all of their ownership was held by other members of the super-entity — that controlled 40 per cent of the total wealth in the network.Without the advanced technology of supercomputers and chaos theory, no one would have been able to discover this. History has caught up to the Powers that Were. Next question: What kind of companies do you think these top 147 corporations are? Remember – they control a staggering 40 percent of the world’s wealth. As it says on page 6 of the paper, 75 percent of the corporations within the “super-entity” were financial institutions. The top 20 financial institutions within the “super-entity” should sound pretty familiar to you by now. They include Barclays Bank, JP Morgan Chase & Co., Merrill Lynch, UBS, Bank of New York, Deutsche Bank and Goldman Sachs. Our results show that, globally, top holders are at least in the position to exert considerable control, either formally (e.g., voting in shareholder and board meetings) or via informal negotiations. “Informal negotiations” would be one way to describe the Federal Reserve System secretly handing 26 trillion dollars to the “top holders” within the “super-entity” of 147 corporations. Remember what we learned from Congressman Bernie Sanders after they audited the Federal Reserve? The directors and board members of the 12 Federal Reserve banks are also running the top financial institutions. They just printed 26 trillion dollars of American money and gave it to themselves. There’s nothing “natural” about this at all. Our next task is to “follow the money” – and see if we can find out what corporations and industries are owned, either publicly or in secret, by the Federal Reserve “super-entity”. (Glattfelder’s team has not yet published the full list.) It’s not that hard to do. If 80 percent of all the world’s profits are going to the Federal Reserve “super-entity”, then they would need to control many of the most profitable industries. As Glattfelder’s team already said, this entity controls “the majority of the world’s large blue chip and manufacturing firms.” In case you are unfamiliar with the term “blue chip,” it refers to any large company that consistently draws profits. The Dow Jones Industrial Average tracks the top 30 “blue chip” companies. The Number One industry on the list is Network and Other Communications Equipment, earning a 20.4 percent profit margin. Number Two on the list is Internet Services and Retailing, at 19.4 percent. Financial Data Services do not appear until sixth place – at 11.7 percent. Pharmaceuticals squeak into third place at a 19.3 percent margin. However, this is misleading – because the overall healthcare / pharmaceutical industry is broken up into fully seven different categories: Pharmaceuticals – 19.3%. Medical Products and Equipment – 16.3%. Insurance: Life, Health (stock) – 4.6%. Health Care: Pharmacy and Other Services – 3.0%. Health Care: Medical Facilities – 2.4%. Health Care: Insurance and Managed Care – 2.2%. Wholesalers: Health Care – 1.3%. There are only 43 industries on the Fortune 500 list that actually generated profits – and seven of them are healthcare. Healthcare therefore accounts for 16.28% of all the money-making industries on the Fortune 500 list. Nothing else captures that many different categories. The second most-profitable American industry, based on the number of categories it has on the list and how high of a percentage they make, is the petroleum and energy business – which controls six out of 43 spots:
Mining, Crude Oil production – 11.5 percent. Oil and Gas Equipment, Services – 10.2 percent. Utilities: Gas and Electric – 8.7 percent. Petroleum Refining –2.1 percent. Pipelines – 1.5 percent. Energy – 0.9 percent. The oil companies therefore enjoyed 13.95% of all the most profitable categories of American businesses in 2008. Together, oil and pharmaceuticals occupy 13 out of 43 slots on the Fortune 500 list of the most profitable American industries – or a stunning 30.23 percent of all the money there is to be made. 80 percent of the world’s profits are being earned by a ‘core’ group of 1,318 corporations. As we look even deeper, we find this ‘core’ is mostly run by a “super-entity” of 147 companies that are totally interlocked. 75 percent of them are financial institutions.The top 20 companies in the “super-entity” include Barclays Bank, JP Morgan Chase & Co., Merrill Lynch, UBS, Bank of New York, Deutsche Bank and Goldman Sachs. Many key Federal Reserve personnel work for these companies – and they secretly handed themselves trillions of dollars in free money between 2007 and 2010. The 147-part “super-entity” has controlling interest in the 1318-part “core”, which in turn has controlling interest in 80 percent of the world’s wealth. It would be utterly essential for the Federal Reserve corporations, and their beneficiaries, to be heavily invested into oil and pharmaceuticals — as well as the United States defense system — in order to earn such a tremendous percentage.Is there any proof that the Federal Reserve elites are, indeed, invested in these and other top businesses? Absolutely.
Let’s now do some historical research on the top two Federal Reserve names we always read about – the Rockefellers and Rothschilds – and see what we find. John D. Rockefeller, one of the top architects who founded and bankrolled the Federal Reserve System, also owned and ran Standard Oil Company, beginning in 1870. He soon became America’s first billionaire. Rockefeller’s spectacular oil profits ultimately allowed him to be in a position to essentially buy the United States government — and its ability to print money – via the Federal Reserve. Standard Oil had a virtual monopoly on producing, transporting, refining and marketing oil up until 1911, when it was broken up by an alarmed United States Supreme Court in antitrust legislation. Standard Oil of New Jersey became Esso, later to be renamed Exxon – which became a key part of ExxonMobil, currently the most profitable company in the world — earning 30 billion, 460 million dollars. Standard Oil of California became Chevron – currently the third most profitable company in the world at 19 billion, 24 million dollars per year. Continental Oil Company became Conoco, now a part of ConocoPhillips – currently the sixteenth most profitable company in the world at 11 billion, 358 million dollars. BP Amoco is a conglomerate of several Standard Oil splinter companies. Yahoo Finance currently lists BP Amoco’s gross profit at 16 billion, 28 million dollars. Therefore, four out of the six “supermajors” in the oil industry are direct Rockefeller spinoffs – BP, Chevron, ExxonMobil and ConocoPhillips. Our Swiss scientists proved that these companies never really broke apart. The 1,318 in the “core” and 147 “super-entity” corporations are extremely interlocked with one another.
Though this information is a closely-guarded secret, there have been enough leaks to confirm the identities of the key banking families who founded the Federal Reserve. By now, many of them should sound familiar to you – since they used the Federal Reserve to bail themselves out:
J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US. They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome. CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches. He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York. Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed.  The Schiffs are insiders at Kuhn Loeb. The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century. Eustace Mullins came to the same conclusions in his book The Secrets of the Federal Reserve, in which he displays charts connecting the Fed and its member banks to the families of Rothschild, Warburg, Rockefeller and the others.  Foster Gamble’s “Fact Checking” section of the Thrive Movement website reveals that the American Medical Association was financed by the Rockefellers (Federal Reserve). If you own and control the pharmaceutical industry, it would certainly make sense to secretly run the agency in charge of regulating your products:
Fact: The American Medical Association (AMA) is largely funded by the Rockefellers, who in turn use their funding to influence AMA research and decision-making. The Rockefeller Foundation website points to various connections between the American Medical Association and the Foundation. Here are a few examples:
Rockefeller Foundation Annual Report, 1932
Rockefeller Foundation Annual Report, 1957
Making the eHealth Connection: Participants
The Long Road to Universal Health Coverage
The American Medical Association has been accepting money from the Rockefeller and Carnegie Foundations from as early as 1910. In The World Without Cancer G. Edward Griffin makes the argument that the Rockefeller and Carnegie Foundations began to support the AMA in an effort to control the medical schooling establishment and to gain power over this “large and vital sphere of American life.”
If the pharmaceutical industry is putting profits over people, and gouging money out of an already strapped economy, then why would we keep it? Johann Hari reveals the answer – they literally bought the government.
Why would we keep this system, if it is so bad? The drug companies have spent more than $3 billion on lobbyists and political “contributions” over the past decade in the US alone. They have paid politicians to make the system work in their interests. If you doubt how deeply this influence goes, listen to a Republican congressman, Walter Burton, who admitted of the last big health care legislation passed in the US in 2003: “The pharmaceutical lobbyists wrote the bill.”
This is where the lines between government, military, finance, defense contractors and corporations all begin to blur. At the core of all this is a “super-entity” of 147 companies – 75 percent of which are financial institutions. A hugely popular Rolling Stone article by Matt Tabibi systematically revealed how Goldman Sachs is at the center of an incestuous relationship between Wall Street, the elected government and the Federal Reserve. This article earned 23,000 Facebook Likes and 268 written comments, within a week, as a result of its stunning journalism – most of which I won’t include here due to its complexity:
[Goldman Sachs] seemed to count on the unwillingness or inability of federal regulators to stop them — and when called to Washington last year to explain their behavior, Goldman executives brazenly misled Congress, apparently confident that their perjury would carry no serious consequences….Goldman… [is] a powerful, well-connected firm, with the ear of the president and the Treasury, that appears to have conquered the entire regulatory structure — and stands now on the precipice of officially getting away with one of the biggest financial crimes in history. The fact that this evidence [covered throughout the article] comes from a U.S. senator’s office, and not the FBI or the SEC, is itself an element in the worsening tale of lawlessness and despotism that sparked a global economic meltdow. If the Justice Department fails to give the American people a chance to judge this case — if Goldman skates without so much as a trial — it will confirm once and for all the embarrassing truth: that the law in America is subjective, and crime is defined not by what you did, but by who you are.
Most people go with the “gut” rather than with scientific facts. Go ahead and try to tell someone that a “super-entity” of 147 corporations appears to be running the world, and those corporations are completely interconnected with the Federal Reserve – which handed out 26 trillion dollars in bailouts, without any regulation or oversight from the American government.You may find yourself coming face-to-face with very strong denial, ridicule and attack — even in the face of undeniable evidence.
Our Swiss scientist James Glattfelder, who used supercomputers to prove that a small number of companies control the majority of the world’s wealth, spoke directly to the skeptics in this next quote:
“Reality is so complex, we must move away from dogma, whether it’s conspiracy theories or free-market,” says James Glattfelder. “Our analysis is reality-based.”
The Federal Reserve created the National Education Association via the Rockefeller family:
In the early 20th century both the Rockefeller and Carnegie Foundations were donating large sums of money to education and the social sciences. They supported, in particular, the National Education Association.
By way of grants, they spent millions of dollars — money which was used to radically bend the traditionalist education system toward a new system that favored standardized testing over critical thinking, toward “scientific management” in schools. This was part of a calculated plan to make the schooling system benefit corporate America, at the expense of the American school child. Powerful foundations with private interests, such as the Ford Foundation, continue to support, and thereby influence the policy of, the NEA to this day. Additionally, an unprecedented U.S. Congressional investigation into tax-exempt foundations identified the Rockefeller and Carnegie Foundations engagement in an agenda for vast population control. Norman Dodd, Research Director for the Congressional Committee, found this statement in the archives of the Carnegie endowment:
“The only way to maintain control of the population was to obtain control of education in the U.S. They realized this was a prodigious task… [so] the portion of education which could be considered as domestically oriented [was] taken over by the Rockefeller Foundation and that portion which was oriented to International matters [was] taken over by the Carnegie Endowment.”…
In order for such a vastly interconnected group to avoid detection for this long, it would also be an absolute requirement for them to buy, own and control the media. You will soon see compelling, documented proof that the power elite were already bragging about this accomplishment by 1815 – the same year Nathan Rothschild won the British government on a bet. However, we will review recent history first, so as to better understand how today’s world of seemingly hundreds of independent media sources is actually quite tightly controlled. In 1983, there were 50 different independent media companies in the United States. By 2004, this number had reduced to five key players: Time Warner, Disney, News Corporation (FOX), Bertelsmann of Germany and Viacom (formerly CBS). Ben Bagdikian expertly lays out all the proof for this media in his updated 2004 edition of The New Media Monopoly.
These five huge corporations — Time Warner, Disney, Murdoch’s News Corporation, Bertelsmann of Germany, and Viacom (formerly CBS) — own most of the newspapers, magazines, books, radio and TV stations, and movie studios of the United States….These five are not just large — though they are all among the 325 largest corporations in the world — they are unique among all huge corporations: they are a major factor in changing the politics of the United States, and they condition the social values of children and adults alike. A more recent investigation by FAIR.org revealed that the vast majority of media in the United States is dominated by six mega-corporations: General Electric, Walt Disney, News Corp, Time Warner, Viacom and CBS. [As you delve into the individual categories of cable, television, print, telecom and radio, you find a few more companies chasing behind the Big Six – but not many.]
These companies often control the entire creative process of a film or television show from beginning to ending – making it an ideal environment for creating propaganda:
The U.S. media landscape is dominated by massive corporations that, through a history of mergers and acquisitions, have concentrated their control over what we see, hear and read.In many cases, these giant companies are vertically integrated, controlling everything from initial production to final distribution. Three of these mega-conglomerates appear on Fortune 500’s Top 50 Most Profitable list for 2010:
This includes General Electric at 11 billion, 644 million; Walt Disney at 3 billion, 963 million; and Comcast at 3 billion, 635 million. General Electric is also the world’s third biggest public company – according to the Forbes 2000 list. You may not realize that most of the cable channels on American television are international. Subtitles are used in foreign countries. This is part of why so many people now speak English. Therefore, the scope of this media consolidation is truly worldwide. Bertelsmann is the only company among Ben Bagdikian’s “Big Five” that is not primarily centered in the United States.
In his seminal work, Bagdikian reveals how these five main companies are shaping and molding society:
These Big Five (with General Electric’s NBC a close sixth) do not manufacture automobiles, or clothing, or nuts and bolts.They manufacture politics and social values.The media conglomerates have been a major force in creating conservative and far right politics in the country. They have almost single-handedly as a group, in their radio and television dominance, produced a coarse and vulgar culture that celebrates the most demeaning characteristics in the human psyche — greed, deceit, and cheating as a legitimate way to win (as in the various “reality” shows). All this being said, it would be a terrible mistake to arrest and imprison the lower, middle and upper-mid-level staff in the media as if they are all complicit in the problem. CEOs may not fully understand what’s going on either. They are well-paid to be the scapegoats when all hell breaks loose. The biggest powers are always those who work behind the scenes.
Key managers and directors are likely being bribed, blackmailed and threatened into doing the biddings of the Federal Reserve corporate super-entity – partly by not wanting to disappoint their advertisers.
This was well underway by 1948, with a little-known CIA project called Operation Mockingbird. Many documents have since been leaked or declassified on this subject. Spartacus Educational is overflowing with documentation and links you can read – including references to multiple academic books investigating the subject.
In 1948 Frank Wisner was appointed director of the Office of Special Projects. Soon afterwards it was renamed the Office of Policy Coordination (OPC). This became the espionage and counter-intelligence branch of the Central Intelligence Agency. Wisner was told to create an organization that concentrated on “propaganda, economic warfare; preventive direct action, including sabotage, anti-sabotage, demolition and evacuation measures; subversion against hostile states, including assistance to underground resistance groups, and support of indigenous anti-Communist elements in threatened countries of the free world.”
Later that year Wisner established Mockingbird, a program to influence the domestic American media. Wisner recruited Philip Graham (Washington Post) to run the project within the industry….
According to Deborah Davis (Katharine the Great): “By the early 1950s, Wisner ‘owned’ respected members of the New York Times, Newsweek, CBS and other communications vehicles.”…
The New York Times actually revealed a small part of this explosive story in 2007.
The C.I.A. monitoring of journalists in 1963, 1971 and 1972, including wiretapping their phones and setting up observation posts across the street from their offices to track their comings and goings and their visitors, was a practice that the White House itself employed during the Nixon administration….
As with other questionable or illegal C.I.A. activities that were endorsed by top government officials, this account shows that spying on reporters was approved at the highest levels of the Kennedy administration….By ordering the director of central intelligence to conduct a program of domestic surveillance, Kennedy set a precedent that Presidents Johnson, Nixon, and George W. Bush would follow. The top investigative books on this subject include A Very Private Woman by Nina Burleigh, Mockingbird: The Subversion of the Free Press by the CIA by Alex Constantine, The Mighty Wurlitzer: How the CIA Played America by Hugh Wilford, Who Paid the Piper? by Frances Stonor Saunders and The Very Best Men by Evan Thomas. This consolidated control did not fizzle out in more recent years. It has only gotten worse.
One of my favorite TV personalites growng up has always been Conan O’Brien. After a shocking betrayal via NBC, Conan O’Brien led the pack in revealing how centralized the media still is today.
Very few entities within the mainstream media have ever risen up against their own companies – but Conan O’Brien is a rare exception who should definitely be mentioned at this point. Conan O’Brien was spectacularly humiliated by Big Media in January 2010 – only seven months after NBC made him the host of the Tonight Show, fulfilling a long-term contract from 2004. NBC felt Conan’s ratings weren’t high enough. In a classic power-play attempt, NBC tried to force Conan to give the coveted 11:30 slot back to Jay Leno and settle for a show that didn’t begin until 12:05 am. Conan refused to cave in to their power move – and quit. He soon won a 40 million-dollar settlement for him and his staff due to this obvious breach of contract – and gave a healthy portion of his side of the settlement to his staff as well.
After this stunning public humiliation, Conan sank into a deep depression:
“I felt like I’d just been in a car accident,” O’Brien admits to the mag. His wife Liza Powel says Conan suffered from depression…”I hated to see him in such a state of tension and unhappiness,” Powel says on a more serious note. “It was very painful for him to let go of this hallowed ground that he’d finally got a chance to stand on.
In late September 2011, Conan announced on his relatively-new TBS show that he was going to officiate over the first same-sex wedding on television – between his costume designer Scott Cronick and his partner David Gorshein. Fully eighteen different news and entertainment shows, from all different networks, were shown reading the same script – almost always word-for-word. The key phrase revealed on Conan’s show was “Conan O’Brien may be about to push the envelope on late-night television.” Conan thinly disguised this as comedy – when in fact it was a shocking, unprecedented expose’ of just how thoroughly centralized and controlled the media really is: These facts clearly establish that the mainstream media is heavily consolidated and controlled – despite there being seemingly limitless television channels and media sources. However, we still haven’t proven that the largest media corporations are interconnected with the Federal Reserve banking families – which dominate the “super-entity” of the top 147 corporations on Earth. I was surprised to find out that nine of the biggest media corporations on Earth are also controlling partners in the pharmaceutical / healthcare industry.
A recent FAIR study of nine major media corporations and their major outlets, Disney (ABC), General Electric (NBC), CBS, Time Warner (CNN, Time), News Corporation (Fox), New York Times Co., Washington Post Co. (Newsweek), Tribune Co. (Chicago Tribune, L.A. Times) and Gannett (USA Today) found connections to six different insurance companies. Five out of the nine media corporations studied shared a director with an insurance company; two insurance companies—Chubb and Berkshire Hathaway—were represented by more than one media corporation director. The study also found crossover between these media corporations and several large pharmaceutical companies, such as Eli Lilly, Merck and Novartis….Out of the nine media corporations studied, six had directors who also represented the interests of at least one pharmaceutical company. In fact, save for CBS, every media corporation had board connections to either an insurance or pharmaceutical company.
Insurance & Pharmaceutical Companies
Procter & Gamble
Chubb, Novartis, Procter & Gamble, Merck
AIG, Health Cap, Paratek Pharmaceuticals
GlaxoSmithKline, Genentech, Hybritech
New York Times Co.
First Health Group, Eli Lilly
Abbott Labs, Middelbrook Pharmaceuticals
What can be done about all of this crony capitalism and tyranny? Well, Senator Rand Paul (R-KY) is close to getting the 60 votes he needs in order to pass Audit the Fed. Speaking to Kitco News after Freedomfest, Paul was hopeful that he would get another vote soon.Paul first got a vote back in January, where it received 53 votes of the 60 needed for it to pass, with 44 voting in opposition. Three senators missed the vote, including Senator Ted Cruz (R-TX).
I believe that we can and should return to sound money via both ending the private fed and passing modern Glass -Steagall legislation. By restoring the separation between commercial and investment banking, Glass-Steagall divides the obligations in question into two distinct and separate categories: legitimate and illegitimate, the latter being far greater than the former. Immediately, we declare that the government has no responsibility to pay back losses accrued through speculative activity, thus transferring these trillions in liabilities off of the government’s books. We force the megabanks—JP Morgan Chase, Citigroup, Morgan Stanley, etc.—to split themselves in two parts: the so-called “investment arms” on the one side, and plain, old-fashioned commercial banking on the other. Under the original Glass-Steagall law, only commercial banks receive federal guarantees; “investment houses” do not enjoy such protection. Though their trillions in outstanding “assets” might not be explicitly cancelled or eliminated by law, we will simply declare that these debts are their own, their responsibility, and not the American people’s. Not one penny of bailout goes to pay them off, and, without this artificial protection, these assets will quickly dry up on their own. We as a nation would have our commercial banking system restored to its necessary and indispensable function.
Today, in the 114th Congress, Representatives Marcy Kaptur (D-OH) and Walter Jones (R-NC) are the co-sponsors of H.R. 381, the current bill calling for the reinstatement of FDR’s Glass-Steagall Act. In the Senate, Senators Elizabeth Warren (D-MA), John McCain (R-AZ), Maria Cantwell (D-WA) and Angus King (I-ME) have introduced S.1709, the “21st Century Glass-Steagall Act of 2015.”
“Burke said that there were Three Estates in Parliament; but, in the Reporters’ Gallery yonder, there sat a Fourth Estate, more important far than they all.“
Marco Battaglia writes for the Iowa Free Press and is a proud member of The Fourth Estate