economic elite

8/6/2019 Economic Elite

1/35

[ The Economic Elite Vs. The United States of America -- David DeGraw, AmpedStatus.com ][ The Economic Elite Vs. The United States of America -- David DeGraw, AmpedStatus.com ]
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=SERT6SDBCLMQNhttps://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=SERT6SDBCLMQNhttps://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=SERT6SDBCLMQNhttps://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=SERT6SDBCLMQNhttps://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=SERT6SDBCLMQNhttps://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=SERT6SDBCLMQNhttps://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=SERT6SDBCLMQN


2/35

[ The Economic Elite Vs. The United States of America -- David DeGraw, AmpedStatus.com ]

The Economic Elite Vs. The People of

the United States of AmericaB y D a v i d D e G r a w , A m p e d S t a t u s R e p o r t

-I: Casualties of Economic Terrorism, Surveying the Damage

-II: The Rise of the Economic Elite

-III: Exposing Our Enemy: Meet the Economic Elite

-IV: The Financial Coup dEtat

-V: Overcoming the Divide and Conquer Strategy

-VI: How to Fight Back and Win: Common Ground Issues That Must Be Won

The American oligarchy spares no pains in promoting the belief that it does not exist,but the success of its disappearing act depends on equally strenuous efforts on the part ofan American public anxious to believe in egalitarian fictions and unwilling to see what is

hidden in plain sight. -- Michael Lind, To Have and to Have Not

Its time for 99% of Americans to mobilize andaggressively move on common sense political reforms.

Yes, of course, we all have very strong differences of opinion on many issues. However,like our Founding Fathers before us, we must put aside our differences and unite to fighta common enemy.

It has now become evident to a critical mass that the Republican and Democratic parties,along with all three branches of our government, have been bought off by a well-organized Economic Elite who are tactically destroying our way of life. The harsh truth is

that 99% of the US population no longer has political representation. The US economy,government and tax system is now blatantly rigged against us.

Current statistical societal indicators clearly demonstrate that a strategic attack has beenlaunched and an analysis of current governmental policies prove that conditions for 99%of Americans will continue to deteriorate. The Economic Elite have engineered afinancial coup and have brought war to our doorstep. . . and make no mistake, they havelaunched a war to eliminate the US middle class.

2
http://ampedstatus.com/the-economic-elite-vs-the-people-of-the-united-states-of-america-part-i#terrorhttp://ampedstatus.com/part-ii-the-rise-of-the-economic-elite-economic-elite-vs-the-peoplehttp://ampedstatus.com/part-iii-exposing-our-enemy-meet-the-economic-elitehttp://ampedstatus.com/part-iv-the-financial-coup-detat-the-economic-elite-vs-the-people-of-the-united-states-of-americahttp://ampedstatus.com/part-v-overcoming-the-divide-and-conquer-strategy-the-economic-elite-vs-the-people-of-the-usahttp://ampedstatus.com/part-vi-how-to-fight-back-and-win-common-ground-issues-that-must-be-won-the-economic-elite-vs-the-people-of-the-usahttp://ampedstatus.com/part-vi-how-to-fight-back-and-win-common-ground-issues-that-must-be-won-the-economic-elite-vs-the-people-of-the-usahttp://www.hartford-hwp.com/archives/45/006.htmlhttp://www.hartford-hwp.com/archives/45/006.htmlhttp://www.hartford-hwp.com/archives/45/006.htmlhttp://ampedstatus.com/part-vi-how-to-fight-back-and-win-common-ground-issues-that-must-be-won-the-economic-elite-vs-the-people-of-the-usahttp://ampedstatus.com/part-v-overcoming-the-divide-and-conquer-strategy-the-economic-elite-vs-the-people-of-the-usahttp://ampedstatus.com/part-iv-the-financial-coup-detat-the-economic-elite-vs-the-people-of-the-united-states-of-americahttp://ampedstatus.com/part-iii-exposing-our-enemy-meet-the-economic-elitehttp://ampedstatus.com/part-ii-the-rise-of-the-economic-elite-economic-elite-vs-the-peoplehttp://ampedstatus.com/the-economic-elite-vs-the-people-of-the-united-states-of-america-part-i#terror


3/35


To those who feel I am using extreme rhetoric, I ask you to please take a few minutes ofyour time to hear me out and research the evidence put forth. The facts are there for theunprejudiced, rational and reasoned mind to absorb. It is the unfortunate reality of ourcurrent crisis.

Unless we all unite and organize on common ground, our very way of life and the idealsthat our country was founded upon will continue to unravel.

Before exposing exactly who the Economic Elite are, and discussing common sense waysin which we can defeat them, lets take a look at how much damage they have alreadycaused.

I: Casualties of Economic Terrorism, Surveying the Damage

The devastating numbers across-the-board on the economic front are staggering. Ill gothrough some of them here, many we have already become all too familiar with. We hear

some of these numbers all the time, so much so that it appears as if we have alreadybegun to normalize the unthinkable. You may be sick of hearing them, but behind eachnumber is an enormous amount of individual suffering, American lives and families whoare struggling worse than they ever have.

America is the richest nation in history, yet we now have the highest poverty rate in theindustrialized world with an unprecedented number of Americans living in dire straitsand over 50 million citizens already living in poverty.

The government has come up with clever ways to downplay all of these numbers, but wehave over 50 million people who need to use food stamps to eat, and a stunning 50% of

US children will use a food stamp to eat at some point in their childhood. Approximately20,000 people are added to this total every day. In 2009, one out of five US householdsdidnt have enough money to buy food. In households with children, this number rose to24%, as the hunger rate among US citizens has now reached an all time high.

We also currently have over 50 million US citizens without healthcare. 1.4 millionAmericans filed for bankruptcy in 2009, a 32% increase from 2008. As bankruptciescontinue to skyrocket, medical bankruptcies are responsible for over 60% of them, andover 75% of the medical bankruptcies filed are from people who have healthcareinsurance. We have the most expensive healthcare system in the world, we are forced topay twice as much as other countries and the overall care we get in return ranks 37th in

the world.

In total, Americans have lost $5 trillion from their pensions and savings since theeconomic crisis began and $13 trillion in the value of their homes. During the first fullyear of the crisis, workers between the age of 55 - 60, who have worked for 20 - 29 years,have lost an average of25% off their 401k. Personal debt has risen from 65% of incomein 1980 to 125% today. Over five million US families have already lost their homes, intotal 13 million US families are expected to lose their home by 2014, with 25% of current

3
http://www.usatoday.com/news/health/2009-02-01-economy-stress_N.htmhttp://rawstory.com/2009/2009/10/americans-poverty-study-finds/http://www.washingtonpost.com/wp-dyn/content/article/2009/11/16/AR2009111601598.html?wpisrc=newsletterhttp://www.google.com/hostednews/afp/article/ALeqM5huS1aDImykHCJxUuyNW-fbMSAbMAhttp://www.google.com/hostednews/afp/article/ALeqM5huS1aDImykHCJxUuyNW-fbMSAbMAhttp://www.reuters.com/article/idUSTRE60P65N20100126http://www.reuters.com/article/idUSTRE60P65N20100126http://www.washingtonpost.com/wp-dyn/content/article/2009/11/16/AR2009111601598.html?wpisrc=newsletterhttp://news.yahoo.com/s/ap/20100104/ap_on_bi_ge/us_bankruptcy_boomhttp://news.yahoo.com/s/ap/20100104/ap_on_bi_ge/us_bankruptcy_boomhttp://money.cnn.com/news/newsfeeds/articles/marketwire/0579922.htmhttp://www.nytimes.com/2009/07/01/business/01meddebt.html?_r=1&ref=ushttp://www.oecd.org/dataoecd/46/2/38980580.pdfhttp://www.photius.com/rankings/healthranks.htmlhttp://www.huffingtonpost.com/elizabeth-warren/america-without-a-middle_b_377829.htmlhttp://www.commondreams.org/view/2010/01/17http://www.usnews.com/money/personal-finance/retirement/articles/2009/02/23/401k-fixes-for-every-age.htmlhttp://www.commondreams.org/view/2010/01/17http://www.ctpost.com/opinion/article/Foreclosures-an-American-tragedy-338470.phphttp://blogs.reuters.com/felix-salmon/2009/07/29/foreclosure-chart-of-the-day/http://blogs.reuters.com/felix-salmon/2009/07/29/foreclosure-chart-of-the-day/http://www.ctpost.com/opinion/article/Foreclosures-an-American-tragedy-338470.phphttp://www.commondreams.org/view/2010/01/17http://www.usnews.com/money/personal-finance/retirement/articles/2009/02/23/401k-fixes-for-every-age.htmlhttp://www.commondreams.org/view/2010/01/17http://www.huffingtonpost.com/elizabeth-warren/america-without-a-middle_b_377829.htmlhttp://www.photius.com/rankings/healthranks.htmlhttp://www.oecd.org/dataoecd/46/2/38980580.pdfhttp://www.nytimes.com/2009/07/01/business/01meddebt.html?_r=1&ref=ushttp://money.cnn.com/news/newsfeeds/articles/marketwire/0579922.htmhttp://news.yahoo.com/s/ap/20100104/ap_on_bi_ge/us_bankruptcy_boomhttp://news.yahoo.com/s/ap/20100104/ap_on_bi_ge/us_bankruptcy_boomhttp://www.washingtonpost.com/wp-dyn/content/article/2009/11/16/AR2009111601598.html?wpisrc=newsletterhttp://www.reuters.com/article/idUSTRE60P65N20100126http://www.reuters.com/article/idUSTRE60P65N20100126http://www.google.com/hostednews/afp/article/ALeqM5huS1aDImykHCJxUuyNW-fbMSAbMAhttp://www.google.com/hostednews/afp/article/ALeqM5huS1aDImykHCJxUuyNW-fbMSAbMAhttp://www.washingtonpost.com/wp-dyn/content/article/2009/11/16/AR2009111601598.html?wpisrc=newsletterhttp://rawstory.com/2009/2009/10/americans-poverty-study-finds/http://www.usatoday.com/news/health/2009-02-01-economy-stress_N.htm


4/35


mortgages underwater. Deutsche Bank has an even grimmer prediction: The percentageof underwater loans may rise to 48 percent, or 25 million homes. Every day 10,000 UShomes enter foreclosure. Statistics show that an increasing number of these people are notfinding shelter elsewhere, there are now over 3 million homeless Americans, the fastestgrowing segment of the homeless population is single parents with children.

One place more and more Americans are finding a home is in prison. With a prisonpopulation of2.3 million people, we now have more people incarcerated than any othernation in the world - the per capita statistics are 700 per 100,000 citizens. In comparison,China has 110 per 100,000, France has 80 per 100,000, Saudi Arabia has 45 per 100,000.The prison industry is thriving and expecting major growth over the next few years. Arecent report from the Hartford Advocate titled Incarceration Nation revealed that anew prison opens every week somewhere in America.

Mass Unemployment

The government unemployment rate is deceptive on several levels. It doesnt countpeople who are involuntary part-time workers, meaning workers who are working part-time but want to find full-time work. It also doesnt count discouraged workers,meaning long-term unemployed people who lost hope and dont consistently look forwork. As time goes by, more and more people stop consistently looking for work and arediscounted from the unemployment figure. For instance, in January, 1.1 million workerswere eliminated from the unemployment total because they were officially labeleddiscouraged workers. So instead of the number rising, we will hear deceptive reportsabout unemployment leveling off.

On top of this, the Bureau of Labor Statistics recently discovered that 824,000 job losses

were never accounted for due to a modeling error in their data. Even in their initialJanuary data there appears to be a huge understating, with the newest report saying theeconomy lost 20,000 jobs. TrimTabs employment analysis, which has consistentlyprovided more accurate data, estimated that the U.S. economy shed 104,000 jobs inJanuary.

When you factor in all these uncounted workers involuntary part-time anddiscouraged workers the unemployment rate rises from 9.7% to over 20%. In total,we now have over 30 million US citizens who are unemployed or underemployed. Therarely cited employment-participation rate, which reveals the percentage of thepopulation that is currently in the workforce, has now fallen to 64%.

Even based on the official unemployment rate, just to get back to the unemploymentlevel of 4.6% that we had in 2007, we need to create over 10 million new jobs, and mostevery serious economist will tell you that these jobs are not coming back. In fact, we arestill consistently shedding jobs, on just one day, January 27th, several companiesannounced new cuts ofmore than 60,000 jobs.

4
http://www.bloomberg.com/apps/news?pid=20603037&sid=adBYDzUMt68khttp://www.huffingtonpost.com/arianna-huffington/its-time-to-treat-america_b_167429.htmlhttp://www.huffingtonpost.com/arianna-huffington/its-time-to-treat-america_b_167429.htmlhttp://www.guardian.co.uk/world/2009/nov/12/un-investigator-us-neglect-homelesshttp://www.hartfordadvocate.com/article.cfm?aid=16455http://www.prisonpolicy.org/http://www.hartfordadvocate.com/article.cfm?aid=16455http://www.businessinsider.com/trimtabs-heres-why-the-real-jobs-loss-number-was-5x-worse-than-what-the-bls-reported-2010-2http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6962632/America-slides-deeper-into-depression-as-Wall-Street-revels.htmlhttp://www.businessinsider.com/trimtabs-heres-why-the-real-jobs-loss-number-was-5x-worse-than-what-the-bls-reported-2010-2http://pubrecord.org/nation/6819/government-labor-statistics-damned/?utm_source=rss&utm_medium=rss&utm_campaign=government-labor-statistics-damnedhttp://www.businessinsider.com/trimtabs-heres-why-the-real-jobs-loss-number-was-5x-worse-than-what-the-bls-reported-2010-2http://www.businessinsider.com/trimtabs-heres-why-the-real-jobs-loss-number-was-5x-worse-than-what-the-bls-reported-2010-2http://www.shadowstats.com/http://www.shadowstats.com/http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches.aspx?post=1535132http://www.nytimes.com/2010/01/05/opinion/05herbert.html?ref=opinionhttp://www2.timesdispatch.com/rtd/business/national_international/article/CUTS27_20090126-222242/189470http://www2.timesdispatch.com/rtd/business/national_international/article/CUTS27_20090126-222242/189470http://www.nytimes.com/2010/01/05/opinion/05herbert.html?ref=opinionhttp://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches.aspx?post=1535132http://www.shadowstats.com/http://www.shadowstats.com/http://www.businessinsider.com/trimtabs-heres-why-the-real-jobs-loss-number-was-5x-worse-than-what-the-bls-reported-2010-2http://www.businessinsider.com/trimtabs-heres-why-the-real-jobs-loss-number-was-5x-worse-than-what-the-bls-reported-2010-2http://pubrecord.org/nation/6819/government-labor-statistics-damned/?utm_source=rss&utm_medium=rss&utm_campaign=government-labor-statistics-damnedhttp://www.businessinsider.com/trimtabs-heres-why-the-real-jobs-loss-number-was-5x-worse-than-what-the-bls-reported-2010-2http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6962632/America-slides-deeper-into-depression-as-Wall-Street-revels.htmlhttp://www.businessinsider.com/trimtabs-heres-why-the-real-jobs-loss-number-was-5x-worse-than-what-the-bls-reported-2010-2http://www.hartfordadvocate.com/article.cfm?aid=16455http://www.prisonpolicy.org/http://www.hartfordadvocate.com/article.cfm?aid=16455http://www.guardian.co.uk/world/2009/nov/12/un-investigator-us-neglect-homelesshttp://www.huffingtonpost.com/arianna-huffington/its-time-to-treat-america_b_167429.htmlhttp://www.huffingtonpost.com/arianna-huffington/its-time-to-treat-america_b_167429.htmlhttp://www.bloomberg.com/apps/news?pid=20603037&sid=adBYDzUMt68k


5/35


Due to the length of this crisis already, millions of Americans are reaching a point wherethe unemployment benefits that they have been surviving off of are coming to an end.More workers have already been out of work longer than at any point since statistics havebeen recorded, with over six million now unemployed for over six months. A record 20million Americans qualified for unemployment insurance benefits last year, causing 27

states to run out of funds, with seven more also expected to go into the red within thenext few months. In total, 40 state programs are expected to go broke.

Most economists believe that the unemployment rate will remain high for the foreseeablefuture. What will happen when we have millions of laid-off workers without anyunemployment benefits to save them?

Working More for Less

The millions struggling to find work are just part of the story. Due to the fact that we nowhave a record high six people for every one job opening, companies have been able to

further increase the workload on their remaining employees. They have been able toincrease the amount of hours Americans are working, reduce wages and drastically cutback on benefits. Even though Americans were already the most productive workers inthe world before the economic crisis, in the third quarter of 2009, average workerproductivity increased by an annualized rate of 9.5%, at the same time unit labor costdecreased by 5.2%. This has led to record profits for many companies. Of the 220companies in the S&P 500 who have reported fourth-quarter results thus far, 78% ofthem had better-than-expected profits with earnings 17% above expectations, thehighest for any quarter since Thomson Reuters began tracking data.

According to the Bureau of Labor Statistics, the national median wage was only $32,390

per year in 2008, and median household income fell by 3.6% while the unemploymentrate was 5.8%. With the unemployment rate now at 10%, median income has been fallingat a 5% rate and is expected to continue its decline. Not surprisingly, Americans jobsatisfaction level is now at an all time low.

There are also a growing number of employed people who, despite having a job, are stillliving in poverty. There are at least 15 million workers who now fall into this rapidlygrowing category. $32,390 a year is not going to get you far in todays economy, and halfof the country is making less than that. This is why many Americans are now forced towork two jobs to provide for their family to hopefully make ends meet.

A Crime Against Humanity

The mainstream news media will numb us to this horrifying reality by endlessly talkingabout the latest numbers, but they never piece them together to show you the wholedevastating picture, and they rarely show you all the immense individual suffering behindthem. This is how they normalize the unthinkable and make us become passive in theface of such a high casualty count.

5
http://www.pbs.org/moyers/journal/01292010/watch2.htmlhttp://www.propublica.org/feature/unemployment-funds-in-the-red-propublica-predicts-nine-more-within-0119http://www.propublica.org/feature/unemployment-funds-in-the-red-propublica-predicts-nine-more-within-0119http://www.propublica.org/feature/unemployment-funds-in-the-red-propublica-predicts-nine-more-within-0119http://www.propublica.org/feature/unemployment-funds-in-the-red-propublica-predicts-nine-more-within-0119http://www.washingtonpost.com/wp-dyn/content/article/2009/12/21/AR2009122103269.html?hpid=topnewshttp://www.nytimes.com/2009/09/27/business/economy/27jobs.html?_r=1&hphttp://www.msnbc.msn.com/id/32374533/ns/business-eye_on_the_economy/http://www.cbsnews.com/stories/2007/09/03/business/main3228735.shtmlhttp://www.cbsnews.com/stories/2007/09/03/business/main3228735.shtmlhttp://www.dailyfinance.com/story/u-s-worker-productivity-surges-as-labor-costs-fall/19224423/http://www.dailyfinance.com/story/u-s-worker-productivity-surges-as-labor-costs-fall/19224423/http://www.latimes.com/business/la-fi-petruno30-2010jan30,0,5398030.columnhttp://www.bls.gov/news.release/ocwage.htmhttp://www.bls.gov/news.release/ocwage.htmhttp://www.census.gov/Press-Release/www/releases/archives/income_wealth/014227.htmlhttp://www.foxnews.com/opinion/2010/02/04/mallory-factor-obama-jobs-create-recovery/http://www.foxnews.com/opinion/2010/02/04/mallory-factor-obama-jobs-create-recovery/http://www.ekantipur.com/2010/01/05/Business/Americans-job-satisfaction-falls-to-record-low/305800/http://www.workingpoorfamilies.org/http://www.boston.com/business/articles/2009/12/30/having_a_job_or_more_is_far_from_enough/http://www.boston.com/business/articles/2009/12/30/having_a_job_or_more_is_far_from_enough/http://www.usatoday.com/news/health/2009-02-01-economy-stress_N.htmhttp://www.usatoday.com/news/health/2009-02-01-economy-stress_N.htmhttp://www.boston.com/business/articles/2009/12/30/having_a_job_or_more_is_far_from_enough/http://www.boston.com/business/articles/2009/12/30/having_a_job_or_more_is_far_from_enough/http://www.workingpoorfamilies.org/http://www.ekantipur.com/2010/01/05/Business/Americans-job-satisfaction-falls-to-record-low/305800/http://www.foxnews.com/opinion/2010/02/04/mallory-factor-obama-jobs-create-recovery/http://www.foxnews.com/opinion/2010/02/04/mallory-factor-obama-jobs-create-recovery/http://www.census.gov/Press-Release/www/releases/archives/income_wealth/014227.htmlhttp://www.bls.gov/news.release/ocwage.htmhttp://www.bls.gov/news.release/ocwage.htmhttp://www.latimes.com/business/la-fi-petruno30-2010jan30,0,5398030.columnhttp://www.dailyfinance.com/story/u-s-worker-productivity-surges-as-labor-costs-fall/19224423/http://www.dailyfinance.com/story/u-s-worker-productivity-surges-as-labor-costs-fall/19224423/http://www.cbsnews.com/stories/2007/09/03/business/main3228735.shtmlhttp://www.cbsnews.com/stories/2007/09/03/business/main3228735.shtmlhttp://www.msnbc.msn.com/id/32374533/ns/business-eye_on_the_economy/http://www.nytimes.com/2009/09/27/business/economy/27jobs.html?_r=1&hphttp://www.washingtonpost.com/wp-dyn/content/article/2009/12/21/AR2009122103269.html?hpid=topnewshttp://www.propublica.org/feature/unemployment-funds-in-the-red-propublica-predicts-nine-more-within-0119http://www.propublica.org/feature/unemployment-funds-in-the-red-propublica-predicts-nine-more-within-0119http://www.propublica.org/feature/unemployment-funds-in-the-red-propublica-predicts-nine-more-within-0119http://www.propublica.org/feature/unemployment-funds-in-the-red-propublica-predicts-nine-more-within-0119http://www.pbs.org/moyers/journal/01292010/watch2.html


6/35


Behind each of these numbers, is a tremendous amount of misery, the physical toll is onlyoutdone by the severe psychological toll. Anyone who has had to put off medical care, orwho couldnt get medical care for one of their family members due to financialcircumstances, can tell you about the psychological toll that is on top of the physicalsuffering. Anyone who has felt the stress of wondering how they were going to get their

childs next meal or their own, or the stress of not knowing how you are going to pay themortgage, rent, electricity or heat bill, let alone the car payment, gas, phone, cable orinternet bill.

There are now well over 150 million Americans who feel stress over these things on a

consistent basis. Over 60% of Americans now live paycheck to paycheck.

These are all basic things that every person should be able to easily afford in atechnologically advanced society such as ours. The reason why we struggle with thesethings is because the Economic Elite have robbed us all. This amount of suffering in theUnited States of America is literally a crime against humanity.

II: The Rise of the Economic Elite

The war against working people should beunderstood to be a real war. Specifically in theU.S., which happens to have a highly class-conscious business class. And they have longseen themselves as fighting a bitter class war,except they dont want anybody else to knowabout it. -- Noam Chomsky

As a record number of US citizens are struggling to get by, many of the largestcorporations are experiencing record-breaking profits, and CEOs are receiving record-breaking bonuses. How could this be happening; how did we get to this point?

The Economic Elite have escalated their attack on US workers over the past few years;however, this attack began to build intensity in the 1970s. In 1970, CEOs made $25 forevery $1 the average worker made. Due to technological advancements, production andprofit levels exploded from 1970 - 2000. With the lions share of increased profits goingto the CEOs, this pay ratio dramatically rose to $90 for CEOs to $1 for the averageworker.

As ridiculous as that seems, an in-depth study in 2004 on the explosion of CEO payrevealed that, including stock options and other benefits, CEO pay is more accurately$500 to $1.

Paul Buchheit, from DePaul University, revealed, From 1980 to 2006 the richest 1% ofAmerica tripled their after-tax percentage of our nations total income, while the bottom90% have seen their share drop over 20%. Robert Freeman added, Between 2002 and

6
http://www.usatoday.com/news/health/2009-02-01-economy-stress_N.htmhttp://www.mcclatchydc.com/227/story/76733.htmlhttp://www.mercedsunstar.com/580/story/1290699.htmlhttp://www.mercedsunstar.com/580/story/1290699.htmlhttp://www.alliancetoendhunger.org/TheAlliancetoEndHunger_jan-2010-poll.htmhttp://www.alliancetoendhunger.org/TheAlliancetoEndHunger_jan-2010-poll.htmhttp://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?id=pr525&sd=9%2f16%2f2009&ed=12%2f31%2f2009&siteid=cbpr&sc_cmp1=cb_pr525_&cbRecursionCnt=2&cbsid=c0d674c1d02e4f5ba2ff96fb164e0465-318455384-wo-6http://www.chomsky.info/http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7010492.ecehttp://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7010492.ecehttp://www.jstor.org/pss/3592881http://www.jstor.org/pss/3592881http://www.jstor.org/pss/3592881http://www.jstor.org/pss/3592881http://www.jstor.org/pss/3592881http://www.commondreams.org/view/2010/02/04-7http://www.commondreams.org/view/2010/02/04-7http://www.commondreams.org/view/2010/02/04-7http://www.commondreams.org/view/2010/02/04-7http://www.jstor.org/pss/3592881http://www.jstor.org/pss/3592881http://www.jstor.org/pss/3592881http://www.jstor.org/pss/3592881http://www.jstor.org/pss/3592881http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7010492.ecehttp://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7010492.ecehttp://www.chomsky.info/http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?id=pr525&sd=9%2f16%2f2009&ed=12%2f31%2f2009&siteid=cbpr&sc_cmp1=cb_pr525_&cbRecursionCnt=2&cbsid=c0d674c1d02e4f5ba2ff96fb164e0465-318455384-wo-6http://www.alliancetoendhunger.org/TheAlliancetoEndHunger_jan-2010-poll.htmhttp://www.alliancetoendhunger.org/TheAlliancetoEndHunger_jan-2010-poll.htmhttp://www.mercedsunstar.com/580/story/1290699.htmlhttp://www.mercedsunstar.com/580/story/1290699.htmlhttp://www.mcclatchydc.com/227/story/76733.htmlhttp://www.usatoday.com/news/health/2009-02-01-economy-stress_N.htm


7/35


2006, it was even worse: an astounding three quarters of all the economys growth wascaptured by the top 1%.

Due to this, the United States already had the highest inequality of wealth in theindustrialized world prior to the financial crisis. Since the crisis, which has hit the

average worker much harder than CEOs, the gap between the top one percent and theremaining 99% of the US population has grown to a record high. The economic top onepercent of the population now owns over 70% of all financial assets, an all-time record.

As mentioned before, just look at the first full year of the crisis when workers lost anaverage of25 percent off their 401k. During the same time period, the wealth of the 400richest Americans increasedby $30 billion, bringing their total combined wealth to $1.57trillion, which is more than the combined net worth of 50% of the US population. Just tomake this point clear, 400 people have more wealth than 155 million people combined.

Meanwhile, 2009 was a record-breaking year for Wall Street bonuses, as firms issued

$150 billion to their executives. 100% of these bonuses are a direct result of our taxdollars, so if we used this money to create jobs, instead of giving it to a handful of topexecutives, we could have paid an annual salary of $30,000 to 5 million people.

So while US workers are now working more hours and have become dramatically moreproductive and profitable, our pay is actually declining and all the dramatic increases inwealth are going straight into the pockets of the Economic Elite.

If our income had kept pace with compensation distribution rates established in the early1970s, we would all be making at least three times as much as we are currently making.How different would your life be if you were making $120,000 a year, instead of

$40,000?So it should come as no surprise to see that we now have the highest inequality of wealthin the industrialized world and the highest inequality of wealth in our nations history.The backbone of America, a hard-working middle class that has made our country aworld leader, has been devastated.

Now that we have a better understanding of how our income has been suppressed overthe past forty years, lets take a look at how the economy has been designed to take thelimited money we receive and put it into the hands of the Economic Elite as well.

Costs of LivingOutside of the workplace, in almost all our costs of living the system is now blatantlyrigged against us. Lets take a look at it, starting with our tax system.

In total, the average US citizen is forced to give up approximately 30% of our income intaxes. This tax system is now strategically designed to flow straight into the hands of theEconomic Elite. A huge percentage of our tax dollars ultimately ends up in their pockets.

7
http://www.commondreams.org/view/2010/01/17http://www.businessinsider.com/us-income-inequality-is-frightening-and-much-worse-than-we-thought-2009-9http://www.commondreams.org/view/2010/01/17http://www.google.com/hostednews/ap/article/ALeqM5gxz-S2c5uZHq2M70LJ6mfnyYBnyAD9BNGK700http://ampedstatus.com/during-economic-crisis-wealth-of-400-richest-americans-increased-by-30-billionhttp://ampedstatus.com/during-economic-crisis-wealth-of-400-richest-americans-increased-by-30-billionhttp://www.commondreams.org/view/2010/01/17http://blogs.alternet.org/speakeasy/2010/02/05/150-billion-reasons-why-wall-street-loves-political-gridlock/http://blogs.alternet.org/speakeasy/2010/02/05/150-billion-reasons-why-wall-street-loves-political-gridlock/http://www.commondreams.org/view/2010/01/17http://ampedstatus.com/during-economic-crisis-wealth-of-400-richest-americans-increased-by-30-billionhttp://ampedstatus.com/during-economic-crisis-wealth-of-400-richest-americans-increased-by-30-billionhttp://www.google.com/hostednews/ap/article/ALeqM5gxz-S2c5uZHq2M70LJ6mfnyYBnyAD9BNGK700http://www.commondreams.org/view/2010/01/17http://www.businessinsider.com/us-income-inequality-is-frightening-and-much-worse-than-we-thought-2009-9http://www.commondreams.org/view/2010/01/17


8/35


The past decade proves that whether its the Republicans or the Democrats running thegovernment our tax money is not going into our community; it is going into thepockets of the billionaires who have bought off both parties - it is obscene.

For an example of how this system flows to the Economic Elite, just look at the Wall

Street bailout. The real size of the bailout is estimated to be $14 trillion - and could endup costing trillions more than that. By now you are probably also sick of hearing aboutthe bailout, but stop and think about this for a moment Do you comprehend how much$14 trillion is?

What could be accomplished with this money is almost beyond common comprehension.

And this is just the tip of the iceberg that has hit us. On top of the trillions given to theWall Street elite, we already have a record $12.3 trillion in national debt - and we nowhave to pay $500 billion in interest to the Economic Elite on this debt every year, yetanother way they are milking us dry. When you add in unfunded liabilities owed, like

social security payments, we actually owe a stunning $74 trillion. That adds up to a debtof $242,000 for every man, woman and child in America.

Trillions more, 25% of taxpayer dollars allocated to military spending goes unaccountedfor every year, not to mention the billions spent on overcharging and outright fraud.During the War on Terror, the Economic Elite have used our tax money to build a privatearmy that has more soldiers deployed than the US military - a congressional studyrevealed that 69% of the US fighting forces deployed throughout the world in our nameare in fact private mercenaries, 80% of them are foreign nationals. Private contractorsregularly get paid three to five times more than our soldiers, and have been repeatedlycaught overcharging and committing fraud on a massive scale. A congressional

investigation revealed this and strongly recommended that we seize wasting tax dollarson these private military contractors. However, under Obama, there has actually been adrastic increase in total tax dollars spent on them.

In 2009, just over $1 trillion tax dollars were spent on the military. Its safe to say that atleast $350 billion of that was needlessly wasted.

When you research our tax system you see an unprecedented level of waste and fraudrampant throughout most expenditures. Our tax system is a national disaster of epicproportions. It is literally an organized criminal operation that continues to rob us inbroad daylight, withzero accountability.

Politicians and mainstream news outlets will not tell you this, but most every seriouseconomist knows that due to so much theft and debt created in the tax system, the onlyway to fix things, other than stopping the theft and seizing the trillions that have beenstolen, will be for the government to cut important social funding and drastically raiseour taxes. Other than the record national debt, many states are running record deficits andbarreling toward economic disaster, raising the likelihood of higher taxes, more

8
http://motherjones.com/politics/2009/12/behind-real-size-bailout?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+motherjones%2Fmain+%28MotherJones.com+Main+Article+Feed%29http://www.truthin08.org/http://www.truthin08.org/http://www.cbsnews.com/stories/2002/01/29/eveningnews/main325985.shtmlhttp://www.youtube.com/watch?v=3kpWqdPMjmohttp://www.youtube.com/watch?v=3kpWqdPMjmohttp://www.cbsnews.com/stories/2006/02/09/60minutes/main1302378.shtmlhttp://tpmmuckraker.talkingpointsmemo.com/2009/12/as_obama_sends_more_troops_giant_shadow_army_of_co.php?ref=fpbhttp://rebelreports.com/post/121172812/u-s-war-privatization-results-in-billions-lost-inhttp://rethinkafghanistan.com/blog/?p=1474http://rebelreports.com/post/121172812/u-s-war-privatization-results-in-billions-lost-inhttp://rebelreports.com/post/121172812/u-s-war-privatization-results-in-billions-lost-inhttp://www.huffingtonpost.com/2009/12/17/wasteful-spending-by-priv_n_396383.htmlhttp://www.workers.org/2009/us/pentagon_1112/http://www.wsws.org/articles/2010/feb2010/budg-f02.shtmlhttp://www.cbpp.org/cms/index.cfm?fa=view&id=711http://channel2.typepad.com/sf_mortgage_crisis/2009/11/florida-nine-other-states-are-barreling-toward-economic-disaster-report-says.htmlhttp://channel2.typepad.com/sf_mortgage_crisis/2009/11/florida-nine-other-states-are-barreling-toward-economic-disaster-report-says.htmlhttp://www.cbpp.org/cms/index.cfm?fa=view&id=711http://www.wsws.org/articles/2010/feb2010/budg-f02.shtmlhttp://www.workers.org/2009/us/pentagon_1112/http://www.huffingtonpost.com/2009/12/17/wasteful-spending-by-priv_n_396383.htmlhttp://rebelreports.com/post/121172812/u-s-war-privatization-results-in-billions-lost-inhttp://rebelreports.com/post/121172812/u-s-war-privatization-results-in-billions-lost-inhttp://rethinkafghanistan.com/blog/?p=1474http://rebelreports.com/post/121172812/u-s-war-privatization-results-in-billions-lost-inhttp://tpmmuckraker.talkingpointsmemo.com/2009/12/as_obama_sends_more_troops_giant_shadow_army_of_co.php?ref=fpbhttp://www.cbsnews.com/stories/2006/02/09/60minutes/main1302378.shtmlhttp://www.youtube.com/watch?v=3kpWqdPMjmohttp://www.youtube.com/watch?v=3kpWqdPMjmohttp://www.cbsnews.com/stories/2002/01/29/eveningnews/main325985.shtmlhttp://www.truthin08.org/http://www.truthin08.org/http://motherjones.com/politics/2009/12/behind-real-size-bailout?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+motherjones%2Fmain+%28MotherJones.com+Main+Article+Feed%29


9/35


government layoffs and deep cuts in services. Our nations biggest state economies, likeCalifornia and New York, are the ones in most trouble.

To merely say that things will not be improving economically is to be a delusionaloptimist. The truth that you will not hear: we have been hit by an economic deathblow

and the United States lays in ruins.Its not just this criminal tax system; the theft is now built into all our costs of living.

Trillions more in our spending on food and fuel have been stolen due to fraudulent stocktransactions and overcharging. Just ten years ago, in 2000, American families paid 7% ofour income on food and fuel. We now pay 20%. This drastic increase is primarily drivenby fraudulent market manipulation that drives up stock prices. Congress uncovered this in2006, as part of the Enron investigation. They found that companies manipulated the oilmarket to create major spikes in stock values, but then Congress didnt do anything aboutit. Nothing to see here,just move on.

As mentioned before, we have the most expensive health care system in the world and weare forced to pay twice as much as other countries, and the overall care we get in returnranks 37th in the world. On average, US citizens are now paying a record high 8% oftheir income on medical care.

One of the reasons why foreclosure rates are so high is because the percentage of incomeAmericans pay on their housing has risen to 34%.

So for these basic necessities - taxes, food, fuel, shelter and medical bills - we havealready lost 92% of our limited income. Then factor in ever-increasing interest rates on

credit cards, student loans, rising prices for cable, internet, phone, bank fees, etc., etc.,etc. We are being robbed and gouged in all costs of living, in every aspect of our life.No wonder bankruptcies are skyrocketing and the number of people suffering frompsychological depression has reached an epidemic level.

The American worker is screwed over every step of the way, and it all starts with theexplosion in the cost of a college education. This is one of the Economic Elites mostdevastating weapons. To have any chance of succeeding in this economy, it is commonlybelieved that you must attend the best college possible. With the rising costs involved,todays students are graduating with record levels of debt from student loans. At the sametime, the unemployment rate among recent college graduates has risen higher than the

national average, and those who do find work are making significantly less than theyexpected to make. This combination of extreme debt and reduced pay has crippled anentire generation right from the start and has put them in a vicious cycle of spiraling debtthat they will struggle with for the rest of their lives. The most recent college graduatesare now known as a lost generation.

9
http://www.mcclatchydc.com/227/story/80777.htmlhttp://www.silverbearcafe.com/private/02.10/bankrupt.htmlhttp://ampedstatus.com/af-pak-war-racket-the-obama-illusion-comes-crashing-down#profitshttp://feinstein.senate.gov/03Speeches/engcr1081b.htmhttp://feinstein.senate.gov/03Speeches/engcr1081b.htmhttp://www.oecd.org/dataoecd/46/2/38980580.pdfhttp://www.photius.com/rankings/healthranks.htmlhttp://www.healthreform.gov/reports/hiddencosts/index.htmlhttp://www.healthreform.gov/reports/hiddencosts/index.htmlhttp://www.usatoday.com/news/health/2009-02-01-economy-stress_N.htmhttp://www.nytimes.com/2009/10/21/education/21costs.html?_r=1http://blogs.wsj.com/economics/2009/12/01/college-graduates-facing-mounting-debt-rising-unemployment/http://blogs.wsj.com/economics/2009/12/01/college-graduates-facing-mounting-debt-rising-unemployment/http://blogs.wsj.com/economics/2009/12/01/college-graduates-facing-mounting-debt-rising-unemployment/http://business.theatlantic.com/2009/10/student_loans_and_payback_time.phphttp://business.theatlantic.com/2009/10/student_loans_and_payback_time.phphttp://www.businessweek.com/magazine/content/09_42/b4151032038302.htmhttp://www.businessweek.com/magazine/content/09_42/b4151032038302.htmhttp://business.theatlantic.com/2009/10/student_loans_and_payback_time.phphttp://business.theatlantic.com/2009/10/student_loans_and_payback_time.phphttp://blogs.wsj.com/economics/2009/12/01/college-graduates-facing-mounting-debt-rising-unemployment/http://blogs.wsj.com/economics/2009/12/01/college-graduates-facing-mounting-debt-rising-unemployment/http://blogs.wsj.com/economics/2009/12/01/college-graduates-facing-mounting-debt-rising-unemployment/http://www.nytimes.com/2009/10/21/education/21costs.html?_r=1http://www.usatoday.com/news/health/2009-02-01-economy-stress_N.htmhttp://www.healthreform.gov/reports/hiddencosts/index.htmlhttp://www.healthreform.gov/reports/hiddencosts/index.htmlhttp://www.photius.com/rankings/healthranks.htmlhttp://www.oecd.org/dataoecd/46/2/38980580.pdfhttp://feinstein.senate.gov/03Speeches/engcr1081b.htmhttp://feinstein.senate.gov/03Speeches/engcr1081b.htmhttp://ampedstatus.com/af-pak-war-racket-the-obama-illusion-comes-crashing-down#profitshttp://www.silverbearcafe.com/private/02.10/bankrupt.htmlhttp://www.mcclatchydc.com/227/story/80777.html


10/35


The American dream has turned into a nightmare. The economic system is a sophisticatedprison cell; the indentured servant is now an indebted wage slave; whips and chains haveevolved into debts.

There are two ways to conquer and enslave a nation.

One is by sword. The other is by debt.-- John Adams

Concealing National Wealth

Liberty in the concrete signifies release from the impact of particular oppressive forces;emancipation from something once taken as a normal part of human life but nowexperienced as bondage. Today, it signifies liberation from material insecurity andfrom the coercions and repressions that prevent multitudes from participation in the vastcultural resources that are at hand. -- John Dewey

When you take the time to research and analyze the wealth that has gone to the economictop one percent, you begin to realize just how much we have been robbed. Trillions upontrillions of dollars that could make the lives of all hard-working Americans much easierhave been strategically funneled into the coffers of the Economic Elite. The denial ofwealth is the key to the Economic Elites power. An entire generation of massive wealthcreation has been strategically withheld from 99% of the US population.

The US public doesnt have any understanding of how much wealth has been generatedand concentrated into the hands of the Economic Elite over the past 40 years; there is nohistorical frame of reference. This withholding of wealth is truly the greatest crimeagainst humanity in the history of civilization.

What could be done with all the money that has been hoarded by the Economic Elite isextraordinary!

Lets consider what we could do with the money that has been stolen from us. On top ofwhat should be our average six-figure yearly income, we could have:

* Free health care for every American,* A free 4 bedroom home for every American family,* 5% tax rate for 99% of Americans,* Drastically improved public education and free college for all,* Significantly improved public transportation and infrastructure,

The list goes on

This is not some far-fetched fantasy. These are all things that Franklin D. Roosevelttalked about doing in the 1940s, long before the explosion of wealth creation in ourtechnologically advanced global economy. The money for all this is already there,stashed into the claws of the Economic Elite. The denial of wealth to the masses is the

10
http://en.wikipedia.org/wiki/John%20Adamshttp://en.wikipedia.org/wiki/John%20Adamshttp://en.wikipedia.org/wiki/John%20Adamshttp://dewey.pragmatism.org/http://www.worldpolicy.org/projects/globalrights/econrights/fdr-econbill.htmlhttp://www.worldpolicy.org/projects/globalrights/econrights/fdr-econbill.htmlhttp://dewey.pragmatism.org/http://en.wikipedia.org/wiki/John%20Adams


11/35


key to the Economic Elites power. Outside of outdated and obsolete economic modelsand theories and incredibly short-sighted greed there is no reason why all thismoney should be kept in the hands of a few, at the immense suffering and expense of themany.

If Americans could just understand how much wealth is being withheld from us, wewould have a massive uprising and the Economic Elite would be swept away, into thehistory books alongside the evil despots of the past.

For if leisure and security were enjoyed by all alike, the great mass of human beingswho are normally stupefied by poverty would become literate and would learn to think

for themselves; and when once they had done this, they would sooner or later realize thatthe privileged minority had no function, and they would sweep it away. In the long run, a

hierarchical society was only possible on a basis of poverty and ignorance.-- George Orwell

Now that we have a better understanding of how the Economic Elite dominate our lives,lets take a look at exactly who they are.

III: Exposing Our Enemy - Meet the Economic Elite

The money powers prey upon the nation in times of peace and conspire against it intimes of adversity. It is more despotic than a monarchy, more insolent than autocracy,

and more selfish than bureaucracy. It denounces as public enemies, all who question itsmethods or throw light upon its crimes As a result of the war, corporations have beenenthroned and an era of corruption in high places will follow, and the money powers ofthe country will endeavor to prolong its reign by working upon the prejudices of thepeople until all wealth is aggregated in a few hands and the Republic is destroyed.

-- Abraham Lincoln

11
http://books.google.com/books?id=BfeuNrOWTd8C&pg=PA198&lpg=PA198&dq=%22For+if+leisure+and+security+were+enjoyed+by+all+alike,+the+great+mass+of+human+beings+who+are+normally+stupefied+by+poverty+would+become+literate+and+would+learn+to+think+fohttp://books.google.com/books?id=BfeuNrOWTd8C&pg=PA198&lpg=PA198&dq=%22For+if+leisure+and+security+were+enjoyed+by+all+alike,+the+great+mass+of+human+beings+who+are+normally+stupefied+by+poverty+would+become+literate+and+would+learn+to+think+fohttp://books.google.com/books?id=BfeuNrOWTd8C&pg=PA198&lpg=PA198&dq=%22For+if+leisure+and+security+were+enjoyed+by+all+alike,+the+great+mass+of+human+beings+who+are+normally+stupefied+by+poverty+would+become+literate+and+would+learn+to+think+fohttp://www.ratical.org/corporations/Lincoln.htmlhttp://www.ratical.org/corporations/Lincoln.htmlhttp://www.ratical.org/corporations/Lincoln.htmlhttp://books.google.com/books?id=BfeuNrOWTd8C&pg=PA198&lpg=PA198&dq=%22For+if+leisure+and+security+were+enjoyed+by+all+alike,+the+great+mass+of+human+beings+who+are+normally+stupefied+by+poverty+would+become+literate+and+would+learn+to+think+fo


12/35


U.S. Elite

Institutions:Federal ReserveBusiness CouncilBilderberg GroupConference BoardBrookings InstituteAdvertising CouncilHeritage Foundation

Trilateral CommissionBusiness Round TableChamber of Commerce

Federal Trade CommissionCouncil on Foreign RelationsAmerican Petroleum InstituteAmerican Enterprise Institute

American Bankers AssociationPharm Research & Manufacturers

Public Relations Society of AmericaAmerican Psychological AssociationProject for a New American CenturySecurities and Exchange Commission

Committee for Economic DevelopmentNational Association of Manufacturers

Carnegie / Ford / Rockefeller foundationsMilitary / Media / Prison Industrial Complex

I dont view the Economic Elite as a small group of men who meet in secrecy to controlthe world. They do feature elements of conspiracy and are clearly composed of secretiveorganizations like the Bilderberg Group - this is not a conspiracy theory, this is aconspiracy fact - but as a whole the Economic Elite are primarily united by ideology.Theyre made up of thousands of individuals who subscribe to an ideology of exploitationand the belief that wealth and resources need to be concentrated into the fewest handspossible (theirs), at the expense of the many.

12
http://en.wikipedia.org/wiki/List%20of%20Bilderberg%20participantshttp://en.wikipedia.org/wiki/List%20of%20Bilderberg%20participants


13/35


That being said, there are some definite lead players in this group and it is important thwe are not too vague and expose the individuals who publicly lead them

at. Focusing on the

fundamental structure of the US economy, we have people like Hank Paulson, TimGeithner, Ben Bernanke, Robert Rubin, Larry Summers, Alan Greenspan, LloydBlankfein, Jamie Dimon, John Mack, Vikram Pandit, John Thain, Hank Greenberg, Ken

Lewis, John J. Castellani, Edward Yingling and Tom Donohue.In total, the Economic Elite are made up of about 0.5% of the US population. At thecenter of this group is the Business Roundtable, an organization representing Fortune 500CEOs that is also interlocked with several lead elite organizations. Most Americans have

rporateas the most powerful role. The

Roundtables interlocks with other policy groups and with think tanks are presented

never heard of the Business Roundtable. However, in my analysis, it is the mostinfluential and powerful Economic Elite organization.

The Business Roundtable joined the Business Council at the heart of both the cocommunity and the policy-formation network and now h

[below]. -- G. William Domhoff, Who Rules America?

The Roundtables first year of operation was 1972, which coincided with the beginningof the CEO salary explosion, and has been the driving force behind the unprecedentedconcentration of wealth since their inception. Their dominance over the US economy andgovernment is unparalleled. Their members are a Whos Who of everything that is wrongwith our economy. Here is a partial list of some oftheir lead members:

-Lloyd C. Blankfein, Goldman Sachs-James Dimon, JPMorgan Chase & Co.-James P. Gorman, Morgan Stanley

ncorporateds Company

-Vikram S. Pandit, Citigroup, Inc.-Brian T. Moynihan, Bank of America-Brendan McDonagh, HSBC-Robert W. Selander, MasterCard I-Kenneth I. Chenault, American Expres

13
http://www.amazon.com/gp/product/0767416376?tag=apture-20http://www.amazon.com/gp/product/0767416376?tag=apture-20http://www.businessroundtable.org/about/membershttp://www.businessroundtable.org/about/membershttp://www.amazon.com/gp/product/0767416376?tag=apture-20


14/35


-Rupert Murdoch, News Corp-Glenn A. Britt, Time Warner Cable Inc.-Philippe Dauman, Viacom, Inc.-Jeffrey R. Immelt, General Electric C-Brian L. Roberts, Comcast Corporation

-Steven A. Ballmer, Microsoft Co-John T. Chambers, Cisco Systems, Inc.-Randall L. Stephenson, AT&T Inc.-Ivan G. Seidenberg, Verizon Communicatio-David G. DeWalt, McAfee, Inc.-Steven R. Loranger, ITT Corporation-Paul T. Hanrahan, AES Corporation, The-Riley P. Bechtel, Bechtel Group,-W. James McNerney , Boeing Compan-Rex W. Tillerson, Exxon Mobil Corporatio-Marvin E. Odum, Shell Oil Company

-John S. Watson, Chevron Corporation-James J. Mulva, ConocoPhillips-John B. Hess, Hess Corporation-James E. Rogers Duke Energy Corpora-J. Larry Nichols, Devon Energy C-Ronald A. Williams, Aetna Inc.-David Cordani, CIGNA-Jeffrey B. Kindler , Pfizer Inc.-Angela F. Braly, WellPoint, Inc.-John C. Lechleiter, Eli Li-Edward B. Rust, Jr., State Farm-Andrew N. Liveris, Dow Chemic-James W. Owens, Caterpillar Inc.-Ellen J. Kullman, DuPont-Edward E. Whitacre Jr., General Mo-Michael T. Duke, Wal-Mart Stores

The Business Roundtable is the most powerful activist orgTheir leaders regularly lobby members of Cong

oration

ompany

rporation

ns

Inc.y, The

n

tionorporation

lly and Company

al

tors Company, Inc.

anization in the United States.ress behind closed doors and often meet

privately with the President and his administration. Any legislation that affects

e militarystry

Roundtable members has almost zero possibility of passing without their support.

For three major examples, look at healthcare and financial reform, along with thbudget. The healthcare reform bill devolved into what amounts to an insurance indubailout and was drastically altered by Roundtable lobbyists representing interests likeWellPoint, Aetna, Cigna, Pfizer, Eli Lilly and Johnson & Johnson. Obama and Congressare trying to please the Roundtable with a bill that supports their interests. This led to thedropping of the public-option put forth in the House bill. However, when it came tofinishing the bill, Roundtable members began to walk away from the process. Thats thereal reason why the reform bill has stalled. Obama will be meeting with the Roundtable

14
http://abcnews.go.com/GMA/HealthCare/howard-dean-health-care-bill-bigger-bailout-insurance/story?id=9349392http://thehill.com/homenews/house/65161-anxious-ceos-criticize-any-public-insurance-optionhttp://thehill.com/homenews/house/65161-anxious-ceos-criticize-any-public-insurance-optionhttp://abcnews.go.com/GMA/HealthCare/howard-dean-health-care-bill-bigger-bailout-insurance/story?id=9349392


15/35


on February 24th, in hopes of getting healthcare reform back on track. After that meehe will then hold a bipartisan healthcare meeting with members of congress.

Also being addressed in Obamas upcoming meeting with the Roundtable are

ting,

issuesconcerning financial reform. Almost every aspect offinancial reform has been D.O.A.

thanks to Roundtable lobbyists representing the interests of Goldman Sachs, JP Morgan,Morgan Stanley, Citigroup, Bank of America, HSBC, Master Card and AmericanExpress. They even pushed to make sure Ben Bernanke was reconfirmed as the head ofthe Federal Reserve and they have also guided Obama into focusing on deficit reduction,now that their member companies are healthy again and making record profits aftereceiving trillions in government subsidies. The Roundtable played a pivotal role in the

r

appointment of Hank Paulson, formerly the CEO of Roundtable member Goldman Sachs,who replaced Roundtable member John Snow as US Treasury Secretary. The Roundalso strongly lobbied on behalf of current

tableTreasury Secretary Tim Geithner and White

House National Economic Council Director Larry Summers. Although there has beenrecent talk of Geithner being replaced at the Treasury, the lead choice to replace him is

Jamie Dimon, Roundtable member and CEO of JP Morgan Chase.The drastic rise in military spending is also a result of Roundtable lobbyists pushing theinterests of large military companies like Boeing and Bechtel, along with the largest oilcompanies like ExxonMobil, Shell, Hess and Chevron.

The Roundtable tells politicians what they want done, and the politicians do it. At times,Roundtable members even write the laws themselves. On financial reform alone, thoserepresenting Wall Street firms gave $42 million to lawmakers, mostly to members of theHouse and Senate banking committees and House and Senate leaders. During the 2008election cycle, they gave $155 million: $88 million to Democrats and $67 million to

Republicans. Keep in mind, this is the spending on just their financial reform initiative.When it came to health reform, they gave even more.

When it comes to getting elected, over 90% of the time the candidate who simply spendsmore money on their campaign wins the election. The Roundtable and politiciansrecognize this fact, so the overwhelming majority of current elected officials reliedheavily on campaign funding from Roundtable members, including President Obama.

Shortly after Obamas inauguration he held a meeting with Roundtable members atSt. Regis Hotel. The president of the Business Roundtable is John J. Castellani.

the

Throughout the first nine months of Obamas presidency, Castellani met with him at the

st timeWhite House more than any other person, with the exception of Chamber of CommerceCEO Tom Donohue. If you look at the records of people who have spent the mowith Obama in the White House, other than these two, another frequent visitor is EdwardYingling, the president of the American Bankers Association.

These organizations - the Business Roundtable, Chamber of Commerce and the AmericanBankers Association - along with the Federal Reserve, a secretive quasi-governmentprivate institution, form the center of the Economic Elites power structure. Since the

15
http://www.politico.com/news/stories/1209/30502.htmlhttp://www.politico.com/news/stories/1209/30502.htmlhttp://www.politico.com/news/stories/1209/30502.htmlhttp://www.politico.com/news/stories/1209/30502.htmlhttp://rawstory.com/2010/02/obama-takes-rosier-view-obscene-shameful-ceo-bonuses/http://www.timesonline.com/bct_news/news_details/article/1528/2009/october/16/all-business-lobbyists-influence-financial-reform.htmlhttp://dealbook.blogs.nytimes.com/2009/10/14/lobbyists-mass-to-try-to-shape-financial-reform/http://www.businessroundtable.org/news/business_roundtable_statement_bernanke%E2%80%99s_confirmationhttp://thehill.com/blogs/congress-blog/economy-a-budget/79005-the-big-question-will-the-budget-deficit-be-an-issue-for-votershttp://www.businessroundtable.org/news/business_roundtable_welcomes_hank_paulson039s_nomination_treasury_secretaryhttp://www.huffingtonpost.com/jane-hamsher/why-is-ellen-tauscher-hel_b_171165.htmlhttp://robertreich.org/post/371113369/whos-killing-financial-reformhttp://www.opensecrets.org/bigpicture/topcontribs.php?cycle=2008http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638http://blogs.wsj.com/washwire/2009/03/12/obamas-remarks-to-the-business-roundtable/tab/article/http://blogs.wsj.com/washwire/2009/03/12/obamas-remarks-to-the-business-roundtable/tab/article/http://blogs.wsj.com/washwire/2009/03/12/obamas-remarks-to-the-business-roundtable/tab/article/http://blogs.wsj.com/washwire/2009/03/12/obamas-remarks-to-the-business-roundtable/tab/article/http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638http://www.opensecrets.org/bigpicture/topcontribs.php?cycle=2008http://robertreich.org/post/371113369/whos-killing-financial-reformhttp://www.huffingtonpost.com/jane-hamsher/why-is-ellen-tauscher-hel_b_171165.htmlhttp://www.businessroundtable.org/news/business_roundtable_welcomes_hank_paulson039s_nomination_treasury_secretaryhttp://thehill.com/blogs/congress-blog/economy-a-budget/79005-the-big-question-will-the-budget-deficit-be-an-issue-for-votershttp://www.businessroundtable.org/news/business_roundtable_statement_bernanke%E2%80%99s_confirmationhttp://dealbook.blogs.nytimes.com/2009/10/14/lobbyists-mass-to-try-to-shape-financial-reform/http://www.timesonline.com/bct_news/news_details/article/1528/2009/october/16/all-business-lobbyists-influence-financial-reform.htmlhttp://rawstory.com/2010/02/obama-takes-rosier-view-obscene-shameful-ceo-bonuses/http://www.politico.com/news/stories/1209/30502.htmlhttp://www.politico.com/news/stories/1209/30502.html


16/35


bailout, the Federal Reserve has been working closely with private firm BlackRock. Dueto this relationship, BlackRock has emerged as the worlds largest money manager annow manages more assets than the Federal Reserve. They also manage many of theTreasury Departments

d

big investments.

On a global level, you have economic institutions like the World Trade Organization(WTO), the International Monetary Fund (IMF) and the World Bank, and internationaltreaties like NAFTA. These organizations already form a de facto world government that

s ahas rights beyond our constitutional rights and national sovereignty. If the WTO makeruling that goes against US law, the WTO ruling supersedes US law and wins out.

Here is how Global Exchange explains these global institutions:

The World Trade Organization is the most powerful legislative andgenda of

multinational corporations above the interests of local communities,

teralions.he

judicial body in the world. By promoting the free trade a

working families, and the environment, the WTO has systematicallyundermined democracy around the world. Unlike United Nationstreaties, the International Labor Organization conventions, or multilaenvironmental agreements, WTO rules can be enforced through sanctThis gives the WTO more power than any other international body. TWTOs authority even eclipses national governments.

[World Bank and International Monetary Fund (IMF)]

When the Bank and the Fund lend money to debtor countries, the moneyorm of policy

prescriptions called structural adjustment policies. These policiesorto

and

In addi havealready itary. Their private military is now more powerful

comes with strings attached. These strings come in the f

SAPs, as they are sometimes calledrequire debtor governments to opentheir economies to penetration by foreign corporations, allowing accessthe countrys workers and environment at bargain basement prices.Structural adjustment policies mean across-the-board privatization ofpublic utilities and publicly owned industries. They mean the slashing ofgovernment budgets, leading to cutbacks in spending on health careeducation. And, as their imposition in country after country in LatinAmerica, Africa, and Asia has shown, they lead to deeper inequality andenvironmental destruction.

tion to dominating our political and economic system, the Economic Elitecreated their own private mil

than the US military. As mentioned earlier, private mercenaries now outnumber US

d ofThese are the highly

rofitable and powerful entities that the Economic Elite turn to when national militaries

soldiers and receive the lions share of military spending.

Corporations like SAIC, Blackwater, Bechtel, Raytheon and Halliburton are composethe most elite worldwide intelligence and military officers.p

16
http://ampedstatus.com/bailout-player-blackrock-becomes-bigger-than-federal-reservehttp://ampedstatus.com/bailout-player-blackrock-becomes-bigger-than-federal-reservehttp://ampedstatus.com/bailout-player-blackrock-becomes-bigger-than-federal-reservehttp://ampedstatus.com/bailout-player-blackrock-becomes-bigger-than-federal-reserve


17/35


and intelligence agencies - like the CIA, FBI or other government run entities - cant getthe job done.

For instance, SAIC, a stealth company that most people have never heard of, isconsidered to be the brains of the entire US intelligence apparatus, more powerful than

e much more popularly known CIA, NSA and FBI - all agencies that SAIC is deeplypowerthintertwined with. I urge you to research SAIC to get a crash course in how the truestructure functions. You can start by reading an excellent investigative report by DonaldL. Barlett and James B. Steele titled, Washingtons $8 billion shadow.

The Economic Elite dominate US intelligence and military operations. Other than theobvious geo-strategic reasons, the never-ending and ever-expanding War on Terrorsbjective is to drain the US population of more resources and further rob US taxpayers,

Sowhile using our tax money to create a private military that is more powerful than the Umilitary.

I think any logical person can see the ominous implications of having such a vast andpowerful private military and intelligence complex, created for and used, in secrecy, bye Economic Elite. Outside of the blatant economic policy attacks, heavily armed and

isk

and intelligence corporations, form the core of the Economic Eliteower structure.

le, but removing the sanctuaries, removing the support systems.-- Paul Wolfowitz

thsophisticated covert powers led by small groups of Economic Elite are now a serious rand present danger.

In conclusion, these economic and government policy forming organizations, along withtheir private militarypI think one has to say its not just simply a matter of capturing people and holding them

accountab

IV: T

Although most of the Economic Elitelive and operate inside the US, they are

S

hey

eas to

he Financial Coup dEtat

not concerned for our future. To them,the entire world is theirs and they workintimately with other elites throughout

the world against the interests of the Upublic. Ever since the days of Henryg US middle class to increase growth andiew the US middle class as obsolete. T

ould rather pay cheap labor in countrieslike China and India. On top of the millions of jobs they have already shipped oversincrease profits at our expense, they are planning to ship an additional

Ford, the Economic Elite have needed a thrivinprofits, but now, in the global economy, they vincreasingly look globally for profits and they w

25% of current USjobs overseas as well.

17
http://www.vanityfair.com/politics/features/2007/03/spyagency200703?printable=truehttp://www.businessweek.com/magazine/content/10_03/b4163032935448_page_4.htmhttp://www.businessweek.com/magazine/content/10_03/b4163032935448_page_4.htmhttp://www.businessweek.com/magazine/content/10_03/b4163032935448_page_4.htmhttp://www.businessweek.com/magazine/content/10_03/b4163032935448_page_4.htmhttp://www.vanityfair.com/politics/features/2007/03/spyagency200703?printable=true


18/35


They now see us as the biggest obstacle to their continued consolidation of wealth andresources. This is why they have stepped up their attack on us.

If you want further proof of this, all one needs to do is study the Wall Street bailout. The

the definition of coup

entire bailout is strategically designed to eliminate the US middle class. Every time you

hear the word bailout, you should think coup dtat. Here isdtat:

establishment to replace the deposed government with another. Acoup dtat succeeds when the usurpers establish their legitimacy if the

n-

ssume

uttwak says: A coup consists of theinfiltration of a small, but critical, segment of the state apparatus, which is

re

The bai

A coup dtat or coup for short, is the sudden unconstitutional depositionof a government, usually by a small group of the existing state

attacked government fail to thwart them, by allowing their (strategic,tactical, political) consolidation and then receiving the deposedgovernments surrender; or the acquiescence of the populace and the noparticipant military forces.

Typically, a coup dtat uses the extant governments power to apolitical control of the country. In Coup dtat: A Practical Handbook,military historian Edward L

then used to displace the government from its control of the remainder,thus, armed force (either military or paramilitary) is not a defining featuof a coup dtat.

lout was a financial coup, an intelligence operation to seize control of they and tax system. It is similar to what the Economic Elite have done throug

tional Monetary Fu

USeconom h the

Interna nd (IMF) in many other countries throughout the world. It isclearly a case of economic imperialism. When financial coups are carried out in othercountries, they call it a Structural Adjustment Program (SAP). The end result is the thof working class wealth, the privatization of public functions and resources, risingunemployment, the elimination of the middle class and increasing taxation and debt thatturns the overwhelming majority of the nation into a peasant class. This is exactly the

eft

track we are on now.

Just look at how they have already done this in many other countries, and then look at thebailout.

The success of the coup is clear by the control of the US Treasury by Goldman Sachs

serve by Ben Bernanke.criminal masterminds Hank Paulson and Tim Geithner, and the continued control of theFederal Re

18
http://ampedstatus.com/news-reports-from-inside-the-financial-couphttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://www.globalissues.org/article/3/structural-adjustment-a-major-cause-of-povertyhttp://ampedstatus.com/news-reports-from-inside-the-financial-coup


19/35


In 1970, Hank Paulson began his career in the Pentagonworking for Secretary of Defense Melvin Laird. In 1972, hethen moved to the White House, where he worked for theNixon Administration. He was the assistant to JohnEhrlichman during the events of the Watergate scandal for

which Ehrlichman was convicted, and sentenced to prison.After Paulsons disgraced exit from the political worldjoined Goldman Sachs in 1974, eventually becoming CEO1999 when he led an effort to force out Goldmans previousCEO John Corzine. While leading Goldman, Paulsondeveloped very intimate relations with

, hein

emembers of the Chineselite, visiting the country over 70 times.

s Chairman and CEO of Goldman Sachs, Paulson personallyet the SEC to remove the

In 2004, during his time aled a successful effort to g net capital rule, which was arequirement that their brokerages hold reserve capital that limited their leverage and risk

tover

exposure. This was the biggest reason why the economic crisis happened. With the necapital rule out of the way, Goldman Sachs and other major Wall Street firms with$5 billion in assets were free to engage in high risk/high reward behavior. This led to thehousing bubble with the creation ofhigh risk speculation, essentially rigged Ponzi-stylescams like mortgage-backed securities, credit derivatives, and credit default swapsand other exotic structured finance instruments that only highly-trained mathematiciansunderstand, based on models that are beyond the comprehension of most traders.

After making over $700 million on these shady high risk activities that created a tickingtime bomb in our economy, Paulson left Goldman Sachs to run the US Treasury. Shortlyfter that, the speculative trading scams blew up, and there was the man who played thea

most pivotal role in causing the economy to crash now running the US Treasury and incharge of maneuvering trillions of dollars in national wealth to fix the economy. Itwas time for Paulson, along with his close confidant Tim Geithner, then heading the NYFederal Reserve Bank, and Federal Reserve Chairman Ben Bernanke, to engineer thegreatest theft of wealth in history with the bailout.

Paulson quickly brought in several former Goldman Sachs partners to help him enginethe coup. A pivotal Paulson asset was former Goldman executive Dan Jester, who

er

aulson quickly hired as a contractor. As Robert E. Prasch recently reportedP , Jester

twas never appointed by Congress or otherwise vetted before taking up his role as theTreasurys de facto central player in the crucial decisions that marked that falls bailouof Wall Street. Paulsons most publicized move was the $700 billion Troubled AssetsRelief Program (TARP). This was a blatant no-strings attached giveaway of taxpayermoney, handed directly to Wall Streets biggest players. To oversee the TARP operationPaulson brought in Goldman Sachs Vice President

,Neel Kashkari.

Another egregious unilateral move by Paulson was installing Edward Liddy, one of hisformer board members at Goldman Sachs, as CEO of AIG. Liddy was the Chairman of

oldmans Audit Committee, making him the most knowledgeable person regardingG

19
http://en.wikipedia.org/wiki/Henry%20Paulson#Early_careerhttp://en.wikipedia.org/wiki/Henry%20Paulson#Early_careerhttp://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2793309/US-faces-global-funding-crisis-warns-Merrill-Lynch.htmlhttp://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2793309/US-faces-global-funding-crisis-warns-Merrill-Lynch.htmlhttp://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2793309/US-faces-global-funding-crisis-warns-Merrill-Lynch.htmlhttp://en.wikipedia.org/wiki/Net%20capital%20rulehttp://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=4458http://www.atimes.com/atimes/Global_Economy/KI17Dj04.htmlhttp://www.huffingtonpost.com/david-fiderer/the-times-story-on-goldma_b_454135.htmlhttp://www.huffingtonpost.com/robert-e-prasch/emshadow-eliteem-on-the-t_b_466951.htmlhttp://www.youtube.com/watch?v=xyew29DsxRchttp://online.wsj.com/article/SB122325337693906423.htmlhttp://online.wsj.com/article/SB122325337693906423.htmlhttp://online.wsj.com/article/SB122325337693906423.htmlhttp://online.wsj.com/article/SB122325337693906423.htmlhttp://www.youtube.com/watch?v=xyew29DsxRchttp://www.huffingtonpost.com/robert-e-prasch/emshadow-eliteem-on-the-t_b_466951.htmlhttp://www.huffingtonpost.com/david-fiderer/the-times-story-on-goldma_b_454135.htmlhttp://www.atimes.com/atimes/Global_Economy/KI17Dj04.htmlhttp://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=4458http://en.wikipedia.org/wiki/Net%20capital%20rulehttp://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2793309/US-faces-global-funding-crisis-warns-Merrill-Lynch.htmlhttp://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2793309/US-faces-global-funding-crisis-warns-Merrill-Lynch.htmlhttp://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2793309/US-faces-global-funding-crisis-warns-Merrill-Lynch.htmlhttp://en.wikipedia.org/wiki/Henry%20Paulson#Early_careerhttp://en.wikipedia.org/wiki/Henry%20Paulson#Early_career


20/35


Goldmans collateralized debt obligations (CDOs). Paulson knew these CDOs would gobust because they were based on fraudulent activities, essentially a massive Ponzischeme. So Paulson and Goldman Sachs covered their risk by insuring them throughAIG, making it pivotal to save AIG and have one of his most trusted allies run thecompany. With Liddy in place, billions of taxpayer dollars were secretly funneled by the

Geithner-led NY Federal Reserve through AIG to Goldman Sachs and several other WStreet elite counterparties. Without the AIG bailout, Goldman Sachs would havecollapsed as a result of their own Ponzi scheme.

The assassinations of Goldman rivals

all

Bear Stearns and Lehman Brothers, and theBank of America acquisition of Merrill Lynch we

forcedre all equally scandalous actions as

well. The hidden hand of the Bernanke-led Federal Reserves secret blackmagic tactics which created anddistributed trillions of dollars turnedMorgan Stanley and Goldman Sachs into

bank holding companies overnight, whicgave them access to trillions of dollarfurther

hs tomanipulate the market and crea

record setting profits.

rganization led by Paulson, Geithner anding that all their demand

te

Bernanke held our economy hostage by declar s must be met ore entire economy would be destroyed

Every step of the way, the economic terrorist o

th , as a result of the very actions the players beingrewarded had taken. (I dont use the words economic terrorists as hyperbole. The threatposed by them and the amount of death, destruction and misery they have already causedthe United States is much greater than that caused by Bin Laden and Al-Qaeda - its noteven close.)

Through the crisis, the fundamental structure of the stock market has been proven to be ascam. The Ponzi scheme activities, outright market manipulation and massive worldwidefraud perpetrated by Goldman Sachs, JP Morgan, Morgan Stanley, Citigroup, AIG, thethree major ratings agencies and several other Wall Street elite firms are blatant. Just inthe housing and oil futures markets alone, the criminal activity and economic theft is inthe multi-trillions.

By looking the other way, the SEC, Congress and Presidents Bush and Obama arecomplicit. An analysis of actions taken, or most often not taken, by the leaders of both the

epublican and Democratic parties prove that they are now accomplices. They have notaws,

Ronly let it happen; they continue to look the other way and have been stonewalling linvestigations and prosecutions in what is clearly criminal activity.

If we had a nation of law, none of these things would have happened. This proves toanyone who cares to look that we now live in a Banana Republic. Our democracy haslearly become a farce.c

20
http://www.huffingtonpost.com/david-fiderer/the-times-story-on-goldma_b_454135.htmlhttp://news.goldseek.com/GoldSeek/1266345000.phphttp://www.huffingtonpost.com/david-fiderer/the-times-story-on-goldma_b_454135.htmlhttp://www.huffingtonpost.com/david-fiderer/the-times-story-on-goldma_b_454135.htmlhttp://www.democracynow.org/2009/11/4/sachshttp://www.huffingtonpost.com/david-fiderer/how-paulsons-people-collu_b_435549.htmlhttp://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/printhttp://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/printhttp://ampedstatus.com/one-person-in-the-mainstream-media-who-gets-it-the-greatest-theft-in-history-videoshttp://www.marketwatch.com/story/goldman-sachs-morgan-stanley-to-become-bank-holding-companieshttp://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.htmlhttp://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.htmlhttp://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.htmlhttp://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.htmlhttp://www.mcclatchydc.com/homepage/story/81466.htmlhttp://www.mcclatchydc.com/homepage/story/81465.htmlhttp://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/printhttp://www.mcclatchydc.com/100/story/77791.htmlhttp://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=4702http://www.youtube.com/watch?v=Rz1b__MdtHYhttp://www.youtube.com/watch?v=Rz1b__MdtHYhttp://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=4702http://www.mcclatchydc.com/100/story/77791.htmlhttp://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/printhttp://www.mcclatchydc.com/homepage/story/81465.htmlhttp://www.mcclatchydc.com/homepage/story/81466.htmlhttp://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.htmlhttp://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.htmlhttp://www.marketwatch.com/story/goldman-sachs-morgan-stanley-to-become-bank-holding-companieshttp://ampedstatus.com/one-person-in-the-mainstream-media-who-gets-it-the-greatest-theft-in-history-videoshttp://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/printhttp://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/printhttp://www.huffingtonpost.com/david-fiderer/how-paulsons-people-collu_b_435549.htmlhttp://www.democracynow.org/2009/11/4/sachshttp://www.huffingtonpost.com/david-fiderer/the-times-story-on-goldma_b_454135.htmlhttp://www.huffingtonpost.com/david-fiderer/the-times-story-on-goldma_b_454135.htmlhttp://news.goldseek.com/GoldSeek/1266345000.phphttp://www.huffingtonpost.com/david-fiderer/the-times-story-on-goldma_b_454135.html


21/35


The overwhelming majority of our politicians are now on the Economic Elite payroll.This financial coup started under Hank Paulson in the Bush Administration and has beecarried through, without

neven the slightest hitch, under Geithner in the Obama

dministration, and all along Ben Bernanke has been leading the Federal Reserve.ABernankes reconfirmation shows you who the co-conspirators are - just look at the

members of Congress who voted for it.All three branches of our government are now complicit in what is literally the greatesttheft of wealth in history, along with a mainstream news media that keeps going abtheir reporting, as if this wasnt a crime,

outbusiness as usual. Nothing to see here

toose who study policy decisions, that Obamas rhetoric is very far from the reality of his

of the tough talk Obama gives concerning Wall Street Bankers, all

vidence clearly demonstrates that he is their puppet

Obamas Role

As hard as it is for many Americans to admit, after a year in office it is now obvious,thactions. Outside

e . The list of decisions that he has

ign

made to support the Economic Elite at our expense is already extensive.

As mentioned before, the fact that the bailout started under Bush and went straightthrough without a hitch under Obama is proof enough. On top of this, Obamas campawas heavily financed by Goldman Sachs, and prior to the election Obama often spokewith Paulson. An analysis of phone records shows that Obama and Paulson engaged in 26direct callsprior to the election. Paulson placed more than twice as many individuoutgoing calls to [candidate] Obama (14) as to President Bush (6).

As soon as Obama was elected, he got rid of all the economic advisors he had during hiscampaign and replaced them with Wall Street insiders who were committed to

al

turningthe bailout into an all-out giveaway. He took the main players that caused the economicrisis to begin with, and put them in charge of economic policyc .

oldman Sachs lobbyist, then became

Right from the start he appointed TimGeithner, Paulsons right-hand man, to runthe US Treasury. Mark Patterson, a formerGGeithners Chief of Staffwith the direcapproval of Obama. Geithner hassurrounded himself with many aides thatformerly worked for Goldman Sachs,

t

nnone of whom faced Senate confirmatio . Obama also allowed Adam Storch, aief operating officer of the Securities andion

Goldman Sachs VP, to become thExchange Commissions

e first chisenforcement div . Obama even nominated Goldman

Sachs executive Gary Gensler to headwhich regulates futures markets. Gensler was a high-level Treasury official in awhen he helped create a law that exempted the

the Commodity Futures Trading Commission,2000,

t$58 trillion credit default swap marke

21
http://robertreich.org/post/371113369/whos-killing-financial-reformhttp://blogs.wsj.com/economics/2010/01/28/tally-of-senate-votes-on-bernanke/http://blogs.wsj.com/economics/2010/01/28/tally-of-senate-votes-on-bernanke/http://www.buffalobeast.com/136/Credibility%20Default.htmlhttp://ampedstatus.com/the-critical-unraveling-of-us-society#obamahttp://www.thedailybeast.com/blogs-and-stories/2009-10-12/paulsons-revealing-phone-records/fullhttp://www.thedailybeast.com/blogs-and-stories/2009-10-12/paulsons-revealing-phone-records/fullhttp://www.thedailybeast.com/blogs-and-stories/2009-10-12/paulsons-revealing-phone-records/fullhttp://www.d1040331.dotsterhost.com/applications/serendipity/index.php?/archives/203-Treasurys-Lobbying-Loopholes.htmlhttp://www.bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJghttp://www.bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJghttp://www.bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJghttp://www.salon.com/opinion/greenwald/2009/10/16/goldman/index.htmlhttp://www.reuters.com/article/politicsNews/idUSTRE52G0BI20090317?feedType=RSS&feedName=politicsNewshttp://www.reuters.com/article/politicsNews/idUSTRE52G0BI20090317?feedType=RSS&feedName=politicsNewshttp://www.salon.com/opinion/greenwald/2009/10/16/goldman/index.htmlhttp://www.bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJghttp://www.bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJghttp://www.bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJghttp://www.d1040331.dotsterhost.com/applications/serendipity/index.php?/archives/203-Treasurys-Lobbying-Loopholes.htmlhttp://www.thedailybeast.com/blogs-and-stories/2009-10-12/paulsons-revealing-phone-records/fullhttp://www.thedailybeast.com/blogs-and-stories/2009-10-12/paulsons-revealing-phone-records/fullhttp://www.thedailybeast.com/blogs-and-stories/2009-10-12/paulsons-revealing-phone-records/fullhttp://ampedstatus.com/the-critical-unraveling-of-us-society#obamahttp://www.buffalobeast.com/136/Credibility%20Default.htmlhttp://blogs

economic elite

Documents