David Degraw has written an outstanding comprehensive explanation of what’s really happening in the US economy. He’s given me permission to reprint it here. I also recommend his site “For Our Economy” for citizen grass-roots activism for economic justice.
Regarding the title of Americans starting a new government, I remind readers of the Declaration of Independence; our core American principles of government. The below links document that US political “leadership” is not even close to following our constitutional limitations and therefore are “leading” unlawfully. Americans with an oath to defend the US Constitution against all enemies, foreign and domestic, should choose to either honor their oath or admit allegiance to the current fascist imposter of the greatness this nation is on paper and in our ideals.
Another excellent summary is economist James Galbraith’s recent expert testimony to the US Senate Judiciary Committee of what will become “emperor has no clothes” obvious: the US economy is a rigged casino. Here is my best pitch to explain and document the fraud. Here is my best explanation of the obvious solutions. Here are my comprehensive resources to understand the US oligarchy in all its unlawful infamy in unlawful wars, war lies, torture and indefinite detention (including against Americans), and our controlled economic demolition.
I’ll present David’s documentation and analysis in 13 segments; each with his introduction. Use the “previous” and “next” buttons under the title to navigate to the different segments. Please share broadly with the understanding that all our economic problems really exist on paper only. They are propagandized and managed frauds; solved almost instantly by an economic structure designed for the public good rather than designed for an oligarchy. I stake my professional reputation on the factual reality of these statements and prove their objective existence in the data in the above links.
I appreciate David Degraw’s leadership to research and communicate the facts, and help us all embrace the terrible truth of US fascism that We the People must expose and end in order to unleash humanity and build a brighter future for all of us.
Look and verify for yourself. Res ipsa loquitur.
Is It Time for Law Abiding American Citizens to Stop Paying Their Taxes and Start a New Government?
The evidence is now overwhelming. The United States government has facilitated the theft of trillions of dollars of national wealth and 99% of the US population no longer has political representation.
Now that I have your attention, I want to make it clear to you that I am being rational and serious when I ask this question: Is it time for law abiding American citizens to stop paying their taxes and start a new government?
Before you roll your eyes and dismiss me as some “extremist,” let me explain the situation to those who are unfamiliar with my past reports. In my report on the Economic Elite Vs. The People of the United States
, I lay out the case proving that our economy and tax system has become an organized criminal operation. I defy anyone who spends time researching and analyzing the facts and overwhelming evidence to support this claim to prove otherwise. I invite anyone who thinks I’m wrong to a debate on national television. I’m talking to you, Tim Geithner, Ben Bernanke, Larry Summers, Lloyd Blankfein, Jamie Dimon and President Obama!
I torturously spend 60 plus hours a week researching this and the torrent of devastating news and evidence is mounting by the minute. The staggering level of theft continues unabated. As I am watching this unfold, I am horrified thinking about the severe consequences that have only just begun to reap their toll. Our nation is being raped and pillaged. Our future is going up in flames and our government isn’t even making the slightest effort to put out the fire. In fact, they are purposely pouring gasoline all over it.
“There’s a time when the operation of the machine becomes so odious—makes you so sick at heart—that you can’t take part. You can’t even passively take part. And you’ve got to put your bodies upon the gears and upon the wheels, upon the levers, upon all the apparatus, and you’ve got to make it stop. And you’ve got to indicate to the people who run it, to the people who own it that… the machine will be prevented from working at all.” – Mario Savio
So let me take a deep breath and back up for a minute… and explain the urgent gravity of our current crisis.
III: Osama bin Bank of America
Let’s also not forget that Bank of America kept pumping money into the terrorist financing bank, Bank of Credit and Commerce International (BCCI), as I detailed in a report I put together back in 2004. Bank of America single-handedly kept BCCI alive by secretly funneling them a BILLION dollars a DAY, even after BCCI was caught funding Pakistan’s nuclear weapon’s project, Saddam Hussein’s chemical weapons, Osama bin Laden’s al Queada network, the Palestinian Liberation Organization, Manuel Noriega’s drug trade, the drug war in Nicaragua, the Iran-Contra Affair, along with the vast majority of the world’s largest drug dealers and terrorists. BCCI also pioneered most of the tricks used on Wall Street that led to the economic crisis. They were a significant player in the Savings and Loan scandal as well, and were the financing arm for the largest covert operations in the CIA’s history.
The harsh truth is that most of today’s biggest terrorist networks wouldn’t even exist if it wasn’t for Bank of America’s support of BCCI. In “The Outlaw Bank
,” investigative reporters Jonathan Beaty & S.C. Gwynne revealed the significant role Bank of America played:
“Five of Bank of America’s senior officers were either on BCCI’s board of directors or helped to manage Abedi’s bank. For the next decade the two banks would move billions of dollars a week through each other’s international offices, and the Bank of America would be an invaluable, if hidden, ally, since it would continue to accept BCCI’s letter-of-credit business after virtually no other Western bank would touch it. Indeed, it could be argued that Bank of America became the single most important financial institution helping BCCI stay afloat.
In the United States alone, Bank of America transferred more than $1 billion a day for BCCI until the moment of BCCI’s global seizure in July 1991.
Thus Bank of America acted as a sort of global vacuum cleaner, sucking up many BCCI branch deposits and thereby providing the fuel Abedi needed to keep his Ponzi scheme alive….”
Most everyone on the planet, thanks to a “news” system that has no memory of these issues, seems to have conveniently forgotten that BCCI was, literally, al Queada. How is it that our multi-million dollar “news” operations can’t seem to connect these dots and don’t have any memory of this highly significant chapter in US history? This proves that these media companies are in the business of propaganda, not informing the public as they are legally obligated to do. Bank of America surrogate, Khalid bin Mahfouz, who is a Saudi and was known as the most powerful banker in the Middle East, also was business partners with Dick Cheney, George Bush, Enron’s Ken Lay and 9/11 Commission Chairman Thomas Kean - so it’s not surprising that this was all left out of the 9/11 commissions report.
Here’s some more significant information that seems to have been redacted from the history book…
Mahfouz was BCCI’s Chief Operating Officer and also Bin Laden’s main money man. He was intimately involved with James Baker and Dick Cheney’s “Strategy of the Silk Route” plan to build an oil pipeline through Afghanistan in a joint venture called CentGas. Hamid Karzai, Afghanistan’s current Prime Minister, was a lobbyists for the CentGas venture with close ties to the Pakistani ISI and was a key CIA asset at the time. When the US-funded Taliban was unable to gain control of the region by force, which is what Ken Lay’s feasibility study demanded, the CentGas pipeline deal fell through. Cheney knew control of the Caspian oil basin was of the highest geo-strategic value in securing control of the earth’s remaining oil supply, so he drew up plans for an invasion of Afghanistan. Then, of course, 9/11 happened, and all of this significant history was buried in the rubble of the World Trade Center.
I don’t want to get side-tracked into Bank of America’s scandalous past involvement in US intelligence, so I’ll get back to the current Wall Street accounting racket.
As Max Keiser’s report makes clear, the accounting scam works by keeping massive losses off-the-books. This way, they can report huge profits, which of course leads to them being able to give themselves huge bonuses. There is still well over a trillion more in hidden off-the-books
losses, “toxic” debt yet to fall and be made public. The first debt bomb went off in 2008, the second BIGGER one is ticking away right now, and it will be a much more devastating blast when it goes off. This global Ponzi scam has gone on for years with no one regulating or enforcing the law to stop them. It’s going to blow and take us all down with it. That’s why they are dishing out record bonuses now, they know we are on the Titanic and they are stepping on us and jumping into the lifeboats.
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