2011, Aug 21 SUMMARY OF FRIDAY NIGHT HARD NEWS, AUGUST 19th
Opening, Meditation: Angelsu
Rainbird: Rama has his new drivers license! He received $300.03 + enough to put a little gas in!
• Still need food and gas; we can help by eating and gassing up for them when we do it for ourselves.
• They still need $ for food, gas, paying other bills as well as the BBS bill.
• Call Marietta Robert as you can help and as you don't have a computer
• Cynthia says it is not impossible, just highly possible!
• his friend Betty Rubble was foreclosed on; known for taking pictures of the ships right over Santa Fe on her blackberry and selling them on the street corners for money
• She gets to get a house via people in Habitat from Humanity
• Jimmy Carter heard about her, and talked to her – she got an e-mail from them on her phone
Jimmy Carter saw a craft and wants the world to know, but was ridiculed at the time
He is the brother of JFK Senior, not talked about; has to do with the bloodlines
• KOS and KOE told R that we're in the window of 18 days of Night 5 of Galactic Underworld and the destruction of what has to go – the lunatic fringe on the right has their freak on
• Rick Perry a distraction, but he is being put in the limelight with the stories bringing up the ancient feuds that go back to the Orion War which brings up other issues
• Our friends are already here - the Madi, Lord Maitreya , doing the walking and the talkin ; the others are broke, shitting bricks, St. G has their money - won't be touching Hugo Chavez' gold – don't mess with the naqual on that side of the equator – has to do with the energy of the naqual which is unpredictable -
• Mr Obama is in Martha's Vineyard and doing all the walkin & talkin in spite of all the false stories having nothing to do with reality: dirty tricks that go as far as wanting to pull off Armageddon with the story of revelations -including a fake jesus coming to beam everyone up
• There is truth on both sides of the story: goal is to find the silver lining – they want to do the great destruction, but the real thing is that they've been trying to keep the knowledge of the galactics from us
• The elitist, the wealthy & powerful were worshipped as false gods – had money, power, everything but love which cannot be faked; this divine quality is what gets us through
• The ones that were here before the gods were here, Creator Source – we are the ones with the Creator Source who helped to co-create the story of this universe
• The screaming in his head is that these folks are about Race – the people who came from so many cultures have an ability to aid our evolvement to divine Creator Source like the miracles we have heard about of the masters and avatars who sit before the throne of the father
• when you get to the level of Sanat Kumara, Ancient Eternal and Supreme of Days and understand, you know who has contributed what - at that level – it's happening!
• KOE saying this is the time; they are broke, St. G has their money
• They are playing a fake game – they did have $10B to get the ball rolling for themselves;
they are very dangerous at this last moment. They have nothing except the ancient technologies from Pine Gap and Area 51 which are non-functional as Ashtar and Sananda are already here
• No turning back
Reading: Ben Fulford - August 15
• when Ben talks about removing funding for Israel, he usually means the Khazarian faction, the Asian factions and the dark ones of that faction: Khazarian - Zionist - Bolsheviks
• Both KOS and KOE told Rama: the Sirian Commander has things well in hand, and those who have
taken us to the edge of Armageddon have nothing but the fear card are taking themselves out with their own hand
• Ben is talking of, as we go through the 18 days, the destruction period – everything that is unlike what the Sat Yuga is, is being deconstructed & these guys know it – St. G has all their money
• The people are rising up; they can only play so long now
• Ed Schultz played on the radio the part of the tape where Perry said if Bernanake went to Texas, things would get very ugly very fast – Ed said that's a direct threat; Perry has also made threats against Obama
• They don't want Obama to do anything to help the people
• This is also why no one wanted Aristide because his energy is pure
Biggest sentence in the whole report: Obama and his pentagon backers are hoping to preside over a forgiveness of US debt and a new financial system: REF TO NESARA - pentagon friends are white knight generals, as are some flag officers
• Work that whistle blowers are doing to wake up both sides is welcome right now
• Conflict within cabal: some want to keep stock market going; others no
• Re: printing presses – only one left for printing money; it is Washington – no more in other parts of the world
• T here may well be invasion of Turkish invasion of Syria [KOE says NO] – has to do with warlords in the roles in the UN. We are going from a UN based in the 13 families to a world congress based on love, truth, wisdom, peace, freedom and justice; this comes from the inter galactic justice league – help for Nada!
• It's about the indigo crystal children + the prophets showing
• Help to Israel is being slowly withdrawn – a slow weaning from US money, help - in spite of Hillary – this is confirmed
• Air strikes in Palestine yesterday; killed six and nine – rockets have ended up killing people in a tourist town and people get confused and are blaming Hamas – but not so; those pulling this off are playing both ends against the middle – this is pre-meditated.
• results “may be thousands of arrests of prominent financiers:” they have learned that those 400 indictments have resulted in arrests and people are going to the Hague as we speak
• a CIA official promised to put the financiers in the already prepared FEMA camps
• Ref to Japanese underground; shows how much is being orchestrated! Obama was ordained to do this
• KOE said Putin is not happy with those wanting to put Assad out – he is saying don't do this
• Must be Hillary that is force feeding the whole thing: Assad is mouthing what he is told by Hillary
• Why did KOE tell you that? What he should be saying is that no one wants the west to have any power anywhere anymore because they have misused it everywhere. But Assad has to go, and so does the west
• Rama has to keep taking it to the impossible which is the possible: galactic disclosure
• Putin was warned not to disconnect with Syria – in the bigger story, there is a delicate balance with Israel - without saying it, we are seeing the gnashing of teeth to the max! Galactic disclosure would bring love and balance in a good way – presence would increase the love
• Ref to Khadafi and his African financial system with its own currency, independent of BIS cartel
• What Khadafi is doing is great – Notice who is doing the bombing: England, France, Italy who can't afford to buy Libyan oil now. They also have exploitative neo-colonial interests in Africa
• International Criminal Court is criminal; UN is criminal, even in World Court there are judges who are twisted – only thing that is OK is Lady Master Nada and who she has helping her
[Maddow in her orange suit – Debunktion Junction – privatized prison system -WATCH ON MSNBC]
Conference Call - 570-310-0170, 232323#
Back to BBS
Song: Light one candle – Cat Stevens
Reading: Is the SEC covering up Wall Street Crimes? [SEE BELOW]
Reading: Did Tenet Hide Key 9/11 Info? By Ray McGovern
Reading: Hugo Chavez to nationalize gold industry in Venezuela [SEE BELOW]
Reading: Charlie Reece's final column
Reading: Evidence of ancient supercontinent found
The financial cyber-warfare witnessed in US stock markets following S&P’s downgrading of US debt was clear proof deep division remain at the very top of the global financial system. One side was trying to bankrupt Bank of America and cause the market to tank, while the other wanted to keep their stock Wall Street cash cow pumped up with fake money in order to draw more suckers with real money into the market. The result was a bloody draw. It is now certain there will be increasing global turbulence heading into the autumn as this secret war intensifies.
The first new dramatic event in the fall may well be a Turkish invasion of Syria, according to both Japanese Middle-Eastern experts and Turkish media reports. The fall of the Syrian government would remove a major Iranian ally from Israel’s borders but does not mean a pro-Israeli regime would replace it.
The other possible autumn surprise still remains a nuclear terrorist attack within Europe or the US. This would amount to nothing more than blackmail by the old world order thugs as they try to avoid bankruptcy and the loss of power by any means possible. Reports of such a planned attack appearing in both “alternative” and propaganda media outlets are a clear sign of this.
The situation in Israel is also expected to continue to destabilize as the US corporate government hurtles towards bankruptcy. Without US financial aid, Israel would not be able to maintain anything close to the living standards and defense budget it now has. The mass demonstrations by poor Israelis may well be a sign the aid cut-off has already been started by the Obama regime. Obama and his pentagon backers have already overseen a purge of Jewish Whitehouse staff, notably in the economics team, which is bad news for aid dependent Israel.
Obama and his pentagon backers are hoping to preside over a forgiveness of US debt and a new financial system. However, the controllers of the old financial system are doing everything in their power to prevent this from happening. The result may well be thousands of arrests of prominent financiers by a soon to be announced US military government. “We will put them in the Fema camps they prepared for ordinary Americans,” one CIA official promised.
Confirmation of this possibility came from both senior Rothschild and Japanese underground sources who say North Korea has promised shelter for over 1 million refugees expected to be fleeing the US but only if they promise to help reunify Korea on terms that are favorable to the North.
Former Japanese Prime Minister Junichiro Koizumi has also been hiding in North Korea for the past month to avoid a hit contract rumored to have been taken out on him.
However, this contract may have been rescinded recently. The Japanese yakuza underground, including the Yamaguchi Gumi, the Inagawa Kai and the Sumiyoshi Kai have all united into a single group and are under orders from their top bosses to lay low and take no action. The political right wing activists who want radical action “are poor and have very little influence,” a senior gang source said.
The Japanese underground sources have also confirmed that Columbia University Professor Gerald Curtis is now the senior CIA officer in Japan. Curtis would be wise to contact the White Dragon Society for an exchange of opinions.
The gang source also told this writer he had independently heard of the split in the ranks of the formerly unified cartel that presides over the printing of US dollars. He said Rockefeller and his oil company allies had offered a job in the dollar cartel to a Hong Kong Chinese. If this is true, it would indicate that side of the syndicate no longer has any major allies in either Taiwan or the mainland.
The source, who presides over a large network in Russia, also said that close to 200 Western oil company allies in Russia “vanished,” before the oil majors gave up and abandoned Russia to Putin and his allies. This was a major blow to the former Western oil cartel.
Another Japanese underground figure, meanwhile said he dealt directly with the Israelis who were arming Libya’s Khadafi. He confirmed, as did a Japanese cabinet source, that Khadafi was being attacked because he set up an African financial system independent of the BIS cartel. African countries were now able to buy oil from Libya using this new gold back currency but England, France and Italy could no longer afford to. These countries are also attacking Libya because their exploitative neo-colonial interests in Africa are being harmed by this currency. The Japanese government source said negotiations were now under way to split Libya in half and leave Khadafi in power amongst his own fellow tribesmen.
In Japan, meanwhile, negotiations are taking place to set up a grand coalition government consisting of the Komeito, Liberal Democratic and Democratic parties. This government would be able to have a large influence on the US political situation by declaring which faction has the rights to use Japan’s vast US Treasury holdings. Right now, the bias is towards Obama and his pentagon allies.
Overall, the deadlock will continue into autumn.
By Matt Taibbi
August 17, 2011 8:00 AM ET
Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file – "Hey, chief, didja know this guy had two wives die falling down the stairs?" No more burglary sprees cracked when some sharp cop sees the same name pop up in one too many witness statements. This is a different world, one far friendlier to lawbreakers, where even the suspicion of wrongdoing gets wiped from the record.
That, it now appears, is exactly how the Securities and Exchange Commission has been treating the Wall Street criminals who cratered the global economy a few years back. For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation's worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – "18,000 ... including Madoff," as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history.
Under a deal the SEC worked out with the National Archives and Records Administration, all of the agency's records – "including case files relating to preliminary investigations" – are supposed to be maintained for at least 25 years. But the SEC, using history-altering practices that for once actually deserve the overused and usually hysterical term "Orwellian," devised an elaborate and possibly illegal system under which staffers were directed to dispose of the documents from any preliminary inquiry that did not receive approval from senior staff to become a full-blown, formal investigation. Amazingly, the wholesale destruction of the cases – known as MUIs, or "Matters Under Inquiry" – was not something done on the sly, in secret. The enforcement division of the SEC even spelled out the procedure in writing, on the commission's internal website. "After you have closed a MUI that has not become an investigation," the site advised staffers, "you should dispose of any documents obtained in connection with the MUI."
Many of the destroyed files involved companies and individuals who would later play prominent roles in the economic meltdown of 2008. Two MUIs involving con artist Bernie Madoff vanished. So did a 2002 inquiry into financial fraud at Lehman Brothers, as well as a 2005 case of insider trading at the same soon-to-be-bankrupt bank. A 2009 preliminary investigation of insider trading by Goldman Sachs was deleted, along with records for at least three cases involving the infamous hedge fund SAC Capital.
The widespread destruction of records was brought to the attention of Congress in July, when an SEC attorney named Darcy Flynn decided to blow the whistle. According to Flynn, who was responsible for helping to manage the commission's records, the SEC has been destroying records of preliminary investigations since at least 1993. After he alerted NARA to the problem, Flynn reports, senior staff at the SEC scrambled to hide the commission's improprieties.
As a federally protected whistle-blower, Flynn is not permitted to speak to the press. But in evidence he presented to the SEC's inspector general and three congressional committees earlier this summer, the 13-year veteran of the agency paints a startling picture of a federal police force that has effectively been conquered by the financial criminals it is charged with investigating. In at least one case, according to Flynn, investigators at the SEC found their desire to bring a case against an influential bank thwarted by senior officials in the enforcement division – whose director turned around and accepted a lucrative job from the very same bank they had been prevented from investigating. In another case, the agency farmed out its inquiry to a private law firm – one hired by the company under investigation. The outside firm, unsurprisingly, concluded that no further investigation of its client was necessary. To complete the bureaucratic laundering process, Flynn says, the SEC dropped the case and destroyed the files.
Much has been made in recent months of the government's glaring failure to police Wall Street; to date, federal and state prosecutors have yet to put a single senior Wall Street executive behind bars for any of the many well-documented crimes related to the financial crisis. Indeed, Flynn's accusations dovetail with a recent series of damaging critiques of the SEC made by reporters, watchdog groups and members of Congress, all of which seem to indicate that top federal regulators spend more time lunching, schmoozing and job-interviewing with Wall Street crooks than they do catching them. As one former SEC staffer describes it, the agency is now filled with so many Wall Street hotshots from oft-investigated banks that it has been "infected with the Goldman mindset from within."
The destruction of records by the SEC, as outlined by Flynn, is something far more than an administrative accident or bureaucratic fuck-up. It's a symptom of the agency's terminal brain damage. Somewhere along the line, those at the SEC responsible for policing America's banks fell and hit their head on a big pile of Wall Street's money – a blow from which the agency has never recovered. "From what I've seen, it looks as if the SEC might have sanctioned some level of case-related document destruction," says Sen. Chuck Grassley, the ranking Republican on the Senate Judiciary Committee, whose staff has interviewed Flynn. "It doesn't make sense that an agency responsible for investigations would want to get rid of potential evidence. If these charges are true, the agency needs to explain why it destroyed documents, how many documents it destroyed over what time frame and to what extent its actions were consistent with the law."
How did officials at the SEC wind up with a faithful veteran employee – a conservative, mid-level attorney described as a highly reluctant whistle-blower – spilling the agency's most sordid secrets to Congress? In a way, they asked for it.
On May 18th of this year, SEC enforcement director Robert Khuzami sent out a mass e-mail to the agency's staff with the subject line "Lawyers Behaving Badly." In it, Khuzami asked his subordinates to report any experiences they might have had where "the behaviour of counsel representing clients in... investigations has been questionable."
Khuzami was asking staffers to recount any stories of outside counsel behaving unethically. But Flynn apparently thought his boss was looking for examples of lawyers "behaving badly" anywhere, including within the SEC. And he had a story to share he'd kept a lid on for years. "Mr. Khuzami may have gotten something more than he expected," Flynn's lawyer, a former SEC whistle-blower named Gary Aguirre, later explained to Congress.
Flynn responded to Khuzami with a letter laying out one such example of misbehaving lawyers within the SEC. It involved a case from very early in Flynn's career, back in 2000, when he was working with a group of investigators who thought they had a "slam-dunk" case against Deutsche Bank, the German financial giant. A few years earlier, Rolf Breuer, the bank's CEO, had given an interview to Der Spiegel in which he denied that Deutsche was involved in übernahmegespräche – takeover talks – to acquire a rival American firm, Bankers Trust. But the statement was apparently untrue – and it sent the stock of Bankers Trust tumbling, potentially lowering the price for the merger. Flynn and his fellow SEC investigators, suspecting that investors of Bankers Trust had been defrauded, opened a MUI on the case.
A Matter Under Inquiry is just a preliminary sort of look-see – a way for the SEC to check out the multitude of tips it gets about suspicious trades, shady stock scams and false disclosures, and to determine which of the accusations merit a formal investigation. At the MUI stage, an SEC investigator can conduct interviews or ask a bank to send in information voluntarily. Bumping a MUI up to a formal investigation is critical, because it enables investigators to pull out the full law-enforcement ass-kicking measures – subpoenas, depositions, everything short of hot pokers and water boarding. In the Deutsche case, Flynn and other SEC investigators got past the MUI stage and used their powers to collect sworn testimony and documents indicating that plenty of übernahmegespräche indeed had been going on when Breuer spoke to Der Spiegel. Based on the evidence, they sent an "Action Memorandum" to senior SEC staff, formally recommending that the agency press forward and file suit against Deutsche.
Breuer responded to the threat as big banks like Deutsche often do: He hired a former SEC enforcement director to lobby the agency to back off. The ex-insider, Gary Lynch, launched a creative and inspired defense, producing a linguistic expert who argued that übernahmegespräche only means "advanced stage of discussions." Nevertheless, the request to proceed with the case was approved by several levels of the SEC's staff. All that was needed to move forward was a thumbs-up from the director of enforcement at the time, Richard Walker.
But then a curious thing happened. On July 10th, 2001, Flynn and the other investigators were informed that Walker was mysteriously recusing himself from the Deutsche case. Two weeks later, on July 23rd, the enforcement division sent a letter to Deutsche that read, "Inquiry in the above-captioned matter has been terminated." The bank was in the clear; the SEC was dropping its fraud investigation. In contradiction to the agency's usual practice, it provided no explanation for its decision to close the case.
On October 1st of that year, the mystery was solved: Dick Walker was named general counsel of Deutsche. Less than 10 weeks after the SEC shut down its investigation of the bank, the agency's director of enforcement was handed a cushy, high-priced job at Deutsche.
Deutsche's influence in the case didn't stop there. A few years later, in 2004, Walker hired none other than Robert Khuzami, a young federal prosecutor, to join him at Deutsche. The two would remain at the bank until February 2009, when Khuzami joined the SEC as Flynn's new boss in the enforcement division. When Flynn sent his letter to Khuzami complaining about misbehaviour by Walker, he was calling out Khuzami's own mentor.
The circular nature of the case illustrates the revolving-door dynamic that has become pervasive at the SEC. A recent study by the Project on Government Oversight found that over the past five years, former SEC personnel filed 789 notices disclosing their intent to represent outside companies before the agency – sometimes within days of their having left the SEC. More than half of the disclosures came from the agency's enforcement division, who went to bat for the financial industry four times more often than ex-staffers from other wings of the SEC.
Even a cursory glance at a list of the agency's most recent enforcement directors makes it clear that the SEC's top policemen almost always wind up jumping straight to jobs representing the banks they were supposed to regulate. Lynch, who represented Deutsche in the Flynn case, served as the agency's enforcement chief from 1985 to 1989, before moving to the firm of Davis Polk, which boasts many top Wall Street clients. He was succeeded by William McLucas, who left the SEC in 1998 to work for Wilmer Hale, a Wall Street defense firm so notorious for snatching up top agency veterans that it is sometimes referred to as "SEC West." McLucas was followed by Dick Walker, who defected to Deutsche in 2001, and he was in turn followed by Stephen Cutler, who now serves as general counsel for JP Morgan Chase. Next came Linda Chatman Thomsen, who stepped down to join Davis Polk, only to be succeeded in 2009 by Khuzami, Walker's former protégé at Deutsche Bank.
This merry-go-round of current and former enforcement directors has repeatedly led to accusations of improprieties. In 2008, in a case cited by the SEC inspector general, Thomsen went out of her way to pass along valuable information to Cutler, the former enforcement director who had gone to work for JP Morgan. According to the inspector general, Thomsen signalled Cutler that the SEC was unlikely to take action that would hamper JP Morgan's move to buy up Bear Stearns. In another case, the inspector general found, an assistant director of enforcement was instrumental in slowing down an investigation into the $7 billion Ponzi scheme allegedly run by Texas con artist R. Allen Stanford – and then left the SEC to work for Stanford, despite explicitly being denied permission to do so by the agency's ethics office. "Every lawyer in Texas and beyond is going to get rich on this case, OK?" the official later explained. "I hated being on the sidelines."
Small wonder, then, that SEC staffers often have trouble getting their bosses to approve full-blown investigations against even the most blatant financial criminals. For a fledgling MUI to become a formal investigation, it has to make the treacherous leap from the lower rungs of career-level staffers like Flynn all the way up to the revolving-door level at the top, where senior management is composed largely of high-priced appointees from the private sector who have strong social and professional ties to the very banks they are charged with regulating. And if senior management didn't approve an investigation, the documents often wound up being destroyed – as Flynn would later discover.
After the Deutsche fiasco over Bankers Trust, Flynn continued to work at the SEC for four more years. He briefly left the agency to dabble in real estate, then returned in 2008 to serve as an attorney in the enforcement division. In January 2010, he accepted new responsibilities that included helping to manage the disposition of records for the division – and it was then he first became aware of the agency's possibly unlawful destruction of MUI records.
Flynn discovered a directive on the enforcement division's internal website ordering staff to destroy "any records obtained in connection" with closed MUIs. The directive appeared to violate federal law, which gives responsibility for maintaining and destroying all records to the National Archives and Records Administration. Over a decade earlier, in fact, the SEC had struck a deal with NARA stipulating that investigative records were to be maintained for 25 years – and that if any files were to be destroyed after that, the shredding was to be done by NARA, not the SEC.
But Flynn soon learned that the records for thousands of preliminary investigations no longer existed. In his letter to Congress, Flynn estimates that the practice of destroying MUIs had begun as early as 1993, and has resulted in at least 9,000 case files being destroyed. For all the thousands of tips that had come in to the SEC, and the thousands of interviews that had been conducted by the agency's staff, all that remained were a few perfunctory lines for each case. The mountains of evidence gathered were no longer in existence.
To read through the list of dead and buried cases that Flynn submitted to Congress is like looking through an infrared camera at a haunted house of the financial crisis, with the ghosts of missed prosecutions flashing back and forth across the screen. A snippet of the list:
6/99 - 4/00
11/01 - 7/02
2/02 - 8/02
3/02 - 7/02
11/09 - 12/09
One MUI – case MNY-08145 – involved allegations of insider trading at AIG on September 15th, 2008, right in the middle of the insurance giant's collapse. In that case, an AIG employee named Jacqueline Millan reported irregularities in the trading of AIG stock to her superiors, only to find herself fired. Incredibly, instead of looking into the matter itself, the SEC agreed to accept "an internal investigation by outside counsel or AIG." The last note in the file indicates that "the staff plans to speak with the outside attorneys on Monday, August 24th , when they will share their findings with us." The fact that the SEC trusted AIG's lawyers to investigate the matter shows the basic bassackwardness of the agency's approach to these crash-era investigations. The SEC formally closed the case on October 1st, 2009.
The episode with AIG highlights yet another obstacle that MUIs experience on the road to becoming formal investigations. During the past decade, the SEC routinely began allowing financial firms to investigate themselves. Imagine the LAPD politely asking a gang of Crips and their lawyers to issue a report on whether or not a drive-by shooting by the Crips should be brought before a grand jury – that's basically how the SEC now handles many preliminary investigations against Wall Street targets.
The evolution toward this self-policing model began in 2001, when a shipping and food-service conglomerate called Seaboard aggressively investigated an isolated case of accounting fraud at one of its subsidiaries. Seaboard fired the guilty parties and made sweeping changes to its internal practices – and the SEC was so impressed that it instituted a new policy of giving "credit" to companies that police themselves. In practice, that means the agency simply steps aside and allows companies to slap themselves on the wrists. In the case against Seaboard, for instance, the SEC rewarded the firm by issuing no fines against it.
According to Lynn Turner, a former chief accountant at the SEC, the Seaboard case also prompted the SEC to begin permitting companies to hire their own counsel to conduct their own inquiries. At first, he says, the process worked fairly well. But then President Bush appointed the notoriously industry-friendly Christopher Cox to head up the SEC, and the "outside investigations" turned into whitewash jobs. "The investigations nowadays are probably not worth the money you spend on them," Turner says.
Harry Markopolos, a certified fraud examiner best known for sounding a famously unheeded warning about Bernie Madoff way back in 2000, says the SEC's practice of asking suspects to investigate themselves is absurd. In a serious investigation, he says, "the last person you want to trust is the person being accused or their lawyer." The practice helped Madoff escape for years. "The SEC took Bernie's word for everything," Markopolos says.
At the SEC, having realized that the agency was destroying documents, Flynn became concerned that he was overseeing an illegal policy. So in the summer of last year, he reached out to NARA, asking them for guidance on the issue.
That request sparked a worried response from Paul Wester, NARA's director of modern records. On July 29th, 2010, Wester sent a letter to Barry Walters, who oversees document requests for the SEC. "We recently learned from Darcy Flynn... that for the past 17 years the SEC has been destroying closed Matters Under Inquiry files," Wester wrote. "If you confirm that federal records have been destroyed improperly, please ensure that no further such disposals take place and provide us with a written report within 30 days."
Wester copied the letter to Adam Storch, a former Goldman Sachs executive who less than a year earlier had been appointed as managing executive of the SEC's enforcement division. Storch's appointment was not without controversy. "I'm not sure what's scarier," Daniel Indiviglio of The Atlantic observed, "that this guy worked at an investment bank that many believe has questionable ethics and too cozy a Washington connection, or that he's just 29." In any case, Storch reacted to the NARA letter the way the SEC often does – by circling the wagons and straining to find a way to blow off the problem without admitting anything.
Last August, as the clock wound down on NARA's 30-day deadline, Storch and two top SEC lawyers held a meeting with Flynn to discuss how to respond. Flynn's notes from the meeting, which he passed along to Congress, show the SEC staff wondering aloud if admitting the truth to NARA might be a bad idea, given the fact that there might be criminal liability.
"We could say that we do not believe there has been disposal inconsistent with the schedule," Flynn quotes Ken Hall, an assistant chief counsel for the SEC, as saying.
"There are implications to admit what was destroyed," Storch chimed in. It would be "not wise for me to take on the exposure voluntarily. If this leads to something, what rings in my ear is that Barry [Walters, the SEC documents officer] said: This is serious, could lead to criminal liability."
When the subject of how many files were destroyed came up, Storch answered: "18,000 MUIs destroyed, including Madoff."
Four days later, the SEC responded to NARA with a hilariously convoluted nondenial denial. "The Division is not aware of any specific instances of the destruction of records from any other MUI," the letter states. "But we cannot say with certainty that no such documents have been destroyed over the past 17 years." The letter goes on to add that "the Division has taken steps... to ensure that no MUI records are destroyed while we review this issue."
Translation: Hey, maybe records were destroyed, maybe they weren't. But if we did destroy records, we promise not to do it again – for now.
The SEC's unwillingness to admit the extent of the wrong doing left Flynn in a precarious position. The agency has a remarkably bad record when it comes to dealing with whistle-blowers. Back in 2005, when Flynn's attorney, Gary Aguirre, tried to pursue an insider-trading case against Pequot Capital that involved John Mack, the future CEO of Morgan Stanley, he was fired by phone while on vacation. Two Senate committees later determined that Aguirre, who has since opened a private practice representing whistle-blowers, was dismissed improperly as part of a "process of reprisal" by the SEC. Two whistle-blowers in the Stanford case, Julie Preuitt and Joel Sauer, also experienced retaliation – including reprimands and demotions – after raising concerns about superficial investigations. "There's no mechanism to raise these issues at the SEC," says another former whistle-blower. Contacting the agency's inspector general, he adds, is considered "the nuclear option" – a move "well-known to be a career-killer."
In Flynn's case, both he and Aguirre tried to keep the matter in-house, appealing to SEC chairman Mary Schapiro with a promise not to go outside the agency if she would grant Flynn protection against reprisal. When no such offer was forthcoming, Flynn went to the agency's inspector general before sending a detailed letter about the wrongdoing to three congressional committees.
One of the offices Flynn contacted was that of Sen. Grassley, who was in the midst of his own battle with the SEC. Frustrated with the agency's failure to punish major players on Wall Street, the Iowa Republican had begun an investigation into how the SEC follows up on outside complaints. Specifically, he wrote a letter to FINRA, another regulatory agency, to ask how many complaints it had referred to the SEC about SAC Capital, the hedge fund run by reptilian billionaire short-seller Stevie Cohen.
SAC has long been accused of a variety of improprieties, from insider trading to harassment. But no charge in recent Wall Street history is crazier than an episode involving a SAC executive named Ping Jiang, who was accused in 2006 of enacting a torturous hazing program. According to a civil lawsuit that was later dropped, Jiang allegedly forced a new trader named Andrew Tong to take female hormones, come to work wearing a dress and lipstick, have "foreign objects" inserted in his rectum, and allow Jiang to urinate in his mouth. (I'm not making this up.)
Grassley learned that over the past decade, FINRA had referred 19 complaints about suspicious trades at SAC to federal regulators. Curious to see how many of those referrals had been looked into, Grassley wrote the SEC on May 24th, asking for evidence that the agency had properly investigated the cases.
Two weeks later, on June 9th, Khuzami sent Grassley a surprisingly brusque answer: "We generally do not comment on the status of investigations or related referrals, and, in turn, are not providing information concerning the specific FINRA referrals you identified." Translation: We're not giving you the records, so blow us.
Grassley later found out from FINRA that it had actually referred 65 cases about SAC to the SEC, making the lack of serious investigations even more inexplicable. Angered by Khuzami's response, he sent the SEC another letter on June 15th demanding an explanation, but no answer has been forthcoming.
In the interim, Grassley's office was contacted by Flynn, who explained that among the missing MUIs he had uncovered were at least three involving SAC – one in 2006, one in 2007 and one in 2010, involving charges of insider trading and currency manipulation. All three cases were closed by the SEC, and the records apparently destroyed.
On August 17th, Grassley sent a letter to the SEC about the Flynn allegations, demanding to know if it was indeed true that the SEC had destroyed records. He also asked if the agency's failure to produce evidence of investigations into SAC Capital were related to the missing MUIs.
The SEC's inspector general is investigating the destroyed MUIs and plans to issue a report. NARA is also seeking answers. "We've asked the SEC to look into the matter and we're awaiting their response," says Laurence Brewer, a records officer for NARA. For its part, the SEC is trying to explain away the illegality of its actions through a semantic trick. John Nester, the agency's spokesman, acknowledges that "documents related to MUIs" have been destroyed. "I don't have any reason to believe that it hasn't always been the policy," he says. But Nester suggests that such documents do not "meet the federal definition of a record," and therefore don't have to be preserved under federal law.
But even if SEC officials manage to dodge criminal charges, it won't change what happened: The nation's top financial police destroyed more than a decade's worth of intelligence they had gathered on some of Wall Street's most egregious offenders. "The SEC not keeping the MUIs – you can see why this would be bad," says Markopolos, the fraud examiner famous for breaking the Madoff case. "The reason you would want to keep them is to build a pattern. That way, if you get five MUIs over a period of 20 years on something similar involving the same company, you should be able to connect five dots and say, 'You know, I've had five MUIs – they're probably doing something. Let's go tear the place apart.'" Destroy the MUIs, and Wall Street banks can commit the exact same crime over and over, without anyone ever knowing.
Regulation isn't a panacea. The SEC could have placed federal agents on every corner of lower Manhattan throughout the past decade, and it might not have put a dent in the massive wave of corruption and fraud that left the economy in flames three years ago. And even if SEC staffers from top to bottom had been fully committed to rooting out financial corruption, the agency would still have been seriously hampered by a lack of resources that often forces it to abandon promising cases due to a shortage of manpower. "It's always a triage," is how one SEC veteran puts it. "And it's worse now."
But we're equally in the dark about another hypothetical. Forget about what might have been if the SEC had followed up in earnest on all of those lost MUIs. What if even a handful of them had turned into real cases? How many investors might have been saved from crushing losses if Lehman Brothers had been forced to reveal its shady accounting way back in 2002? Might the need for taxpayer bailouts have been lessened had fraud cases against Citigroup and Bank of America been pursued in 2005 and 2007? And would the U.S. government have doubled down on its bailout of AIG if it had known that some of the firm's executives were suspected of insider trading in September 2008?
It goes without saying that no ordinary law-enforcement agency would willingly destroy its own evidence. In fact, when it comes to garden-variety crooks, more and more police agencies are catching criminals with the aid of large and well-maintained databases. "Street-level law enforcement is increasingly data-driven," says Bill Laufer, a criminology professor at the University of Pennsylvania. "For a host of reasons, though, we are starved for good data on both white-collar and corporate crime. So the idea that we would take the little data we do have and shred it, without a legal requirement to do so, calls for a very creative explanation."
We'll never know what the impact of those destroyed cases might have been; we'll never know if those cases were closed for good reasons or bad. We'll never know exactly who got away with what, because federal regulators have weighted down a huge sack of Wall Street's dirty laundry and dumped it in a lake, never to be seen again.
Editor’s Note: The online version of this article has been amended from the print version to reflect that the SEC’s case against Deutsche Bank proceeded beyond a Matter of Inquiry to a full-blown investigation.
Posted by Ram Arjuna on August 18, 2011 at 10:24am
August 17, 2011 "Information Clearing House"
With few exceptions, like some salacious rumour about the Kennedy family, the mainstream U.S. news media has shown little interest in stories that throw light on history — even recent, very relevant history. So it comes as no surprise that, when a former White House counter-terrorism czar accuses an ex-CIA director of sitting on information that could have prevented a 9/11 attack, the story gets neither ink nor air.
Bulletin for those of you who get your information only from the New York Times, the Washington Post and other outlets of the Fawning Corporate Media (FCM): Former White House director for counter terrorism Richard Clarke has accused former CIA Director George Tenet of denying him and others access to intelligence that could have thwarted the attack on the Pentagon on 9/11.
Deliberately withholding critical intelligence from those who need it, and can act on it, is — at the least — gross dereliction of duty. The more so if keeping the White House promptly and fully informed is at the top of your job jar, as it was for Director of Central Intelligence Tenet. And yet that is precisely the charge Clarke has leveled at the former DCI.
In an interview aired on Aug. 11 on a local PBS affiliate in Colorado, Clarke charges that Tenet and two other senior CIA officials, Cofer Black and Richard Blee, deliberately withheld information about two of the hijackers of American Airlines Flight 77 — al-Hazmi and al-Mihdhar. The two had entered the United States more than a year before the 9/11 attacks.
Clarke adds that the CIA then covered it all up by keeping relevant information away from Congress and the 9/11 Commission.
Lying by senior officials is bad enough, and there is now plenty of evidence that former CIA Director George Tenet and his closest agency associates are serial offenders. Think for a minute about the falsehoods spread regarding Iraq’s non-existent “weapons of mass destruction” stockpiles.
But withholding intelligence on two of the 9/11 hijackers would have been particularly unconscionable — the epitome of malfeasance, not just misfeasance. That’s why Richard Clarke’s conclusion that he should have received information from CIA about al-Hazmi and al-Mihdhar, “unless somebody intervened to stop the normal automatic distribution” amounts, in my view, to a criminal charge, given the eventual role of the two in the hijacking on 9/11 of AA-77, the plane that struck the Pentagon.
Tenet has denied that the information on the two hijackers was “intentionally withheld” from Clarke, and he has enlisted the other two former CIA operatives, Cofer Black (more recently a senior official of Blackwater) and Richard Blee (an even more shadowy figure), to concur in saying, Not us; we didn’t withhold.
Whom to believe? To me, it’s a no-brainer. One would have to have been born yesterday to regard the “George is right” testimony from Black and Blee as corroborative.
Tenet is the same fellow who provided the “slam dunk” on the existence of “weapons of mass destruction” in Iraq, as well as the “artist renderings” of equally non-existent mobile laboratories for developing biological warfare agents, based on unconfirmed information from the impostor code-named (appropriately) “Curveball.”
It was Tenet who, under orders from President George W. Bush and Vice President Dick Cheney, ordered up and disseminated a fraudulent National Intelligence Estimate on WMD in Iraq, the purpose of which was to deceive our elected representatives out of their constitutional prerogative to authorize war. No small lies.
After a five-year investigation by the Senate Intelligence Committee, Chairman Jay Rockefeller described the intelligence adduced under Tenet to “justify” attacking Iraq as “uncorroborated, contradicted, and non-existent.” Good enough to win Tenet the Presidential Medal of Freedom, though. The corruption of intelligence worked just fine for the purposes of Bush and Cheney, thank you very much.
It is a actually a matter of record that Tenet lies a lot — on occasion, displaying what I would call chutzpah on steroids. Recall, for example, Tenet in April 2007 snarling at Scott Pelley on “60 Minutes” — five times, in five consecutive sentences — “We do not torture people.”
Tenet has lied about 9/11, too. The joint statement from Tenet, Black and Blee – orchestrated by former CIA spokesman Bill Harlow – concludes: “We testified under oath about what we did, what we knew and what we didn’t know. We stand by that testimony.”
Almost made me laugh … almost.
In his sworn testimony to the 9/11 Commission on April 14, 2004, Tenet said he had not spoken to Bush — even on the telephone — during the entire month of August 2001.
But Tenet did fly down to see the President in Crawford — not once, but twice during August 2001, and briefed Bush again in Washington on the 31st.
After the TV cameras at the 9/11 Commission hearing were shut off, Bill Harlow phoned the commission staff to say, Oops, sorry, Tenet misspoke. Even then, Harlow admitted only to Tenet’s Aug. 17 visit to Crawford (and to the briefing on the 31st).
How do we know Tenet was again in Crawford, on Aug. 24? From a White House press release quoting President Bush to that effect — information somehow completely missed by our vigilant Fawning Corporate Media.
Funny, too, how Tenet could have forgotten his first visit to Crawford on Aug. 17. In his memoir, At the Center of the Storm, Tenet waxes eloquent about the “president graciously driving me around the spread in his pickup and me trying to make small talk about the flora and the fauna.” But the visit was not limited to small talk.
In his book Tenet writes: “A few weeks after the August 6 PDB was delivered, I followed it to Crawford to make sure the president stayed current on events.” The Aug. 6, 2001, President’s Daily Brief contained the article “Bin Laden Determined to Strike in the US.” According to Ron Suskind’s The One-Percent Doctrine, the president reacted by telling the CIA briefer, “All right, you’ve covered your ass now.”
If, as Tenet says in his memoir, it was the Aug. 6, 2001, PDB that prompted his visit on Aug. 17, what might have brought him back on Aug. 24? I believe the answer can be found in court documents released at the trial of Zacarias Moussaoui, the fledgling pilot in Minnesota interested in learning to steer a plane but indifferent as to how to land it.
Those documents show that on Aug. 23, 2001, Tenet was given an alarming briefing focusing on Moussaoui, titled “Islamic Extremist Learns to Fly.” Tenet was told that Moussaoui was training to fly a 747 and, among other suspicion-arousing data, had paid for the training in cash.
It is an open question — if a key one — whether Tenet told Bush about the two hijackers, al-Hazmi and al-Mihdhar, while keeping that key information from the person who most needed it — White House counter-terrorist czar Richard Clarke. Clarke finds the only plausible explanation in his surmise that Tenet was personally responsible. Clarke says:
“For me to this day, it is inexplicable, when I had every other detail about everything related to terrorism, that the director didn’t tell me, that the director of the counterterrorism center didn’t tell me, that the other 48 people inside CIA that knew about it never mentioned it to me or anyone in my staff in a period of over 12 months.”
But Tenet’s aide-de-camp Bill Harlow has branded Clarke’s statements “absurd and patently false.” And the statement Harlow shepherded for Tenet, Black and Blee adds “reckless and profoundly wrong … baseless … belied by the record … unworthy of serious consideration.”
And Harlow never lies? Right. I’m reminded of Harlow’s reaction to Newsweek’s publication on Feb. 24, 2003, of the intelligence information provided by Saddam Hussein’s son-in-law, Hussein Kamel when he defected to Jordan in 1995. Kamel brought with him a treasure trove of documents and unique knowledge of Iraq’s putative “weapons of mass destruction.”
Most significantly, he told his U.S. debriefers there were no WMD in Iraq. He knew. He had been in charge of Iraq’s chemical, biological, nuclear and missile programs for almost a decade, and he ordered what weapons existed destroyed before the U.N. inspectors could discover them after the war in 1991. In his words:
“I ordered the destruction of all chemical weapons. All weapons — biological, chemical, missile, nuclear were destroyed.”
He told the U.S. much more, and the information that could be checked out was confirmed. But Kamel’s information didn’t fit with the Bush administration’s propaganda regarding its certainty that Iraq did have WMD stockpiles and was defying United Nations demands that the WMD be destroyed.
Those pushing the Iraq War juggernaut in early 2003 almost had a conniption when Newsweek acquired a transcript of Kamel’s debriefing and published this potentially explosive story barely three weeks before the invasion.
Newsweek noted gingerly that this information “raises questions about whether the WMD stockpiles attributed to Iraq still exist.” It was, in fact, the kind of impeccably sourced documentary evidence after which intelligence analysts and lawyers lust.
But this was not at all what Bush, Cheney, and — by sycophantic extension — Tenet wanted Newsweek readers, or the rest of us, to learn less than a month before the U.S./U.K. attack on Iraq ostensibly to find and destroy those non-existent weapons.
Bill Harlow to the rescue: he told the FCM in no uncertain terms that the Newsweek story was, “incorrect, bogus, wrong, untrue.” And the media cheerleaders for war breathed a sigh of relief, saying, Gosh, thanks for telling us, and then dropped the story like a hot potato.
By all indications, Harlow is still able to work his fraudulent magic on the FCM, which have virtually ignored this major Clarke v. Tenet story since it broke six days ago.
If Harlow says it’s not true … and hurls still more pejorative epithets and adjectives, in a crude attempt to discredit the very serious charge Clarke has made … well, I guess we’ll have to leave it there, as the FCM is so fond of saying.
No matter Clarke’s well-deserved reputation for honesty and professionalism — and Tenet’s for the opposite. And so it goes.
Ray McGovern works with Tell the Word, a publishing arm of the ecumenical Church of the Saviour in inner-city Washington. As a CIA analyst, he served under seven presidents and nine CIA directors; he is co-founder of Veteran Intelligence Professionals for Sanity (VIPS).
A version of this column was first published at Consortiumnews.com
Posted by Ram Arjuna on August 18, 2011 at 10:27am
Published on Wednesday, August 17, 2011 by Reuters
by Louise Egan
CARACAS -- Venezuelan President Hugo Chavez said on Wednesday he will nationalize the gold industry, including extraction and processing, and use its output to boost the country's international reserves.
Venezuela's President Hugo Chavez, left, and Maria Emma Mejia, secretary-general of South America's UNASUR organization, walk during a meeting at Miraflores presidential palace in Caracas, Venezuela, Tuesday, Aug. 16, 2011. Chavez said he's improving after undergoing a second round of chemotherapy in Cuba to treat his cancer, and boasts that he has never felt healthier. (AP Photo/Ariana Cubillos) The move follows a dispute between his government and foreign miners who say the rules limiting the amount of gold that can be exported from the South American nation hurt their efforts to secure financing and create jobs.
Toronto-listed Rusoro, owned by Russia's Agapov family, is the only large gold miner operating in Venezuela. It produced 100,000 ounces last year.
The gold industry will be just the latest part of the economy to be put under state control by the socialist leader, who said he would issue the necessary decree in the coming days and called on the military to help control the sector.
"I have here the laws allowing the state to exploit gold and all related activities ... we are going to nationalize the gold and we are going to convert it, among other things, into international reserves because gold continues to increase in value," Chavez said in a phone call to state television.
The announcement came a day after an opposition legislator revealed a report showing the government's top finance officials were recommending the repatriation of 90 percent of Venezuela's gold reserves held abroad.
The government has not commented on the report, which the opposition legislator said Chavez had yet to approve.
"We've managed to increase the international reserves. We have close to 12 or 13 billion dollars in gold reserves. We can't allow it to continue to be taken away," the president said, referring to reserves held in banks overseas.
According to the report revealed by the opposition legislator, Venezuela has total international reserves of $29.1 billion. About 63 percent of that is in gold worth $11 billion held overseas and $7 billion at home, according to the report.
Venezuela has some of Latin America's largest gold deposits, buried below the jungles south of the Orinoco river. According to official figures, formal mining in the country produces 4.3 tons a year.
Chavez agreed last year to let gold miners export up to 50 percent of production, from 30 percent previously. The other 50 percent must be sold to the central bank.
But that did not satisfy foreign companies like Rusoro, which said the limits made it much harder for them to secure financing abroad, develop projects and create local jobs.
One victim of the dispute has been a huge but long-troubled project called Las Cristinas. It has been in limbo since the government canceled a development license with another Canadian miner, Crystallex, in February.
Rusoro had expressed interest in Las Cristinas, which has not been developed since the 1980s but has reserves estimated at 17 million ounces. Locals once found a 1-kilo (2.2-lb) nugget there.
But the company's chief executive told Reuters in an interview in June that it could not take on the project unless the government scrapped its export rules.
Sources at Rusoro said the company planned to make a statement on Wednesday's developments in the coming days.
Posted by Ram Arjuna on August 19, 2011 at 2:02pm
A very interesting column.. COMPLETELY NEUTRAL
Be sure to Read the Poem at the end. This is so true.
Charley Reese's final column for the Orlando Sentinel...
He has been a journalist for 49 years.
He is retiring and this is HIS LAST COLUMN.
Be sure to read the Tax List at the end.
This is about as clear and easy to understand as it can be. The article below is completely neutral, neither anti-republican or democrat. Charlie Reese, a retired reporter for the Orlando Sentinel, has hit the nail directly on the head, defining clearly who it is that in the final analysis must assume responsibility for the judgments made that impact each one of us every day. It's a short but good read. Worth the time. Worth remembering!
545 vs. 300,000,000 People
-By Charlie Reese
Politicians are the only people in the world who create problems and then campaign against them.
Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?
Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?
You and I don't propose a federal budget. The President does.
You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.
You and I don't write the tax code, Congress does.
You and I don't set fiscal policy, Congress does.
You and I don't control monetary policy, the Federal Reserve Bank does.
One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.
I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.
I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.
Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.
What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The President can only propose a budget. He cannot force the Congress to accept it.
The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House now? He is the leader of the majority party. He and fellow House members, not the President, can approve any budget they want. If the President vetoes it, they can pass it over his veto if they agree to.
It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted -- by present facts -- of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.
If the tax code is unfair, it's because they want it unfair.
If the budget is in the red, it's because they want it in the red.
If the Army & Marines are in Iraq and Afghanistan it's because they want them in Iraq and Afghanistan ...
If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.
There are no insoluble government problems.
Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like "the economy," "inflation," or "politics" that prevent them from doing what they take an oath to do.
Those 545 people, and they alone, are responsible.
They, and they alone, have the power.
They, and they alone, should be held accountable by the people who are their bosses. Provided the voters have the gumption to manage their own employees...
We should vote all of them out of office and clean up their mess!
What you do with this article now that you have read it... is up to you.
This might be funny if it weren't so true.
Be sure to read all the way to the end:
Tax his land,
Tax his bed,
Tax the table,
At which he's fed.
Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.
Tax his work,
Tax his pay,
He works for
Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.
Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.
Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.
Tax his cigars,
Tax his beers,
If he cries
Tax his tears.
Tax his car,
Tax his gas,
Find other ways
To tax his ass.
Tax all he has
Then let him know
That you won't be done
Till he has no dough.
When he screams and hollers;
Then tax him some more,
Tax him till
He's good and sore.
Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid...
Put these words
Upon his tomb,
'Taxes drove me
to my doom...'
When he's gone,
Do not relax,
Its time to apply
The inheritance tax.
Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Marriage License Tax
Personal Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world.
We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.
What in the heck happened? Can you spell 'politicians?'
I hope this goes around THE USA at least 545 times!!! YOU can help it get there!!!
GO AHEAD. . . BE AN AMERICAN!!!
Sent with Peace and Love by,
Moabites Lillie Williams Akali-El
Matriarch; Aboriginal Moabite Nation
Life is short, Forgive quickly, Love truly, Laugh uncontrollably...
2011, Aug 8
Published: Aug. 8, 2011 at 5:31 PM
BOULDER, Colo., Aug. 8 (UPI) -- U.S. and international geologists say they've discovered a billion-year-old piece of North America they can trace back to Antarctica.
Researchers say it's the strongest evidence yet found suggesting North America and Antarctica were connected 1.1 billion years ago, long before the supercontinent Pangaea formed, a Geological Society of America release reported Monday.
"I can go to the Franklin Mountains in West Texas and stand next to what was once part of Coats Land in Antarctica," study leader Staci Loewy, a geochemist at California State University, Bakersfield, said. "That's so amazing."
The geologists found rocks collected from both locations have the exact same composition of lead isotopes, are the same age and have the same chemical and geologic properties.
The finding lends credence to the theory that ancestral North America and East Antarctica were once joined in an earlier supercontinent called Rodinia, the researchers say.
The study has been published in the journal Geology.
© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.