Commentary - 10/16/2007

Owning The Earth (In Fee Simple)

While reading this news article from the Associated Press (AP) "Banks Set Plan to Revive Credit Market" I could not help but recall the goal specified in the old 1889 Great Red Dragon book about the Money Power's sociopathic desire to "own the earth in fee simple." This means acquiring TITLE, not just investing.

The article refers to three separate Money Center banks, as quoted here:

"The Treasury Department introduced the idea of a bailout in recent talks with Citigroup Inc., Bank of America Corp., JPMorgan Chase & Co and others"
Now here is where things get interesting. We know Henry Paulson, who currently heads the US Treasury, came from Goldman-Sachs, so take a look at the Major Holders of that company.

Symbol Name Of Corporation
GS

Major
Holders
Goldman Sachs Group Inc. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional HoldersShares2007Value2006
Barclays Global Investors UK Holdings Ltd22,514,5395.55%$4,880,026,3285.61%
Marsico Capital Management, Llc12,927,4413.19%$2,802,022,8363.76%
State Street Corporation12,689,7943.13%$2,750,512,8493.04%
Vanguard Group, Inc. (The)11,006,8042.71%$2,385,724,7672.47%
AXA (Paris, France)9,765,2922.41%$2,116,627,0413.72%
FMR Corporation (Fidelity Management & Research Corp)7,343,2321.81%$1,591,645,5361.47%
Mellon Financial Corporation7,078,7091.75%$1,534,310,1751.57%
Wellington Management Company, LLP7,053,8801.74%$1,528,928,4901.68%
Northern Trust Corporation6,598,3701.63%$1,430,196,6971.73%
Janus Capital Management, LLC6,130,0981.51%$1,328,698,741-.--%
% of Shares Held by All Insider and 5% Owners:3%2%
Top 10 [1%] of 1001 Institutional Holders Control25.43%26.88%
Percentage of Barclays and "Associates" Control12.06%11.95%

Next, the article mentions Citigroup, so take a look here:
Symbol Name Of Corporation
C

Major
Holders
Citigroup Inc. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional HoldersShares2007Value2006
Capital Research And Management Company230,517,1774.63%$11,823,226,0083.59%
Barclays Global Investors UK Holdings Ltd179,123,5203.60%$9,187,245,3404.70%
State Street Corporation150,346,2923.02%$7,711,261,3163.11%
AXA (Paris, France)144,848,2382.91%$7,429,266,1273.43%
Vanguard Group, Inc. (The)139,606,1012.81%$7,160,396,9202.55%
Wellington Management Company, LLP104,426,2062.10%$5,356,020,1052.39%
FMR Corporation (Fidelity Management & Research Corp)87,306,8111.76%$4,477,966,3361.42%
Morgan Stanley69,711,3061.40%$3,575,492,8841.28%
UBS Global Asset Management (Americas) Inc68,769,9851.38%$3,527,212,5301.28%
Mellon Financial Corporation57,947,5341.16%$2,972,129,018-.--%
% of Shares Held by All Insider and 5% Owners:1%1%
Top 10 [0.7%] of 1479 Institutional Holders Control24.77%25.01%
Percentage of Barclays and "Associates" Control9.18%10.35%

And then here for Bank Of America:
Symbol Name Of Corporation
BAC

Major
Holders
Bank of America Corporation (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional HoldersShares2007Value2006
Barclays Global Investors UK Holdings Ltd216,775,4484.89%$10,598,151,6524.15%
State Street Corporation134,600,7503.03%$6,580,630,6672.99%
FMR Corporation (Fidelity Management & Research Corp)132,450,5652.98%$6,475,508,1223.35%
AXA (Paris, France)129,794,7332.93%$6,345,664,4962.65%
Vanguard Group, Inc. (The)126,717,1892.86%$6,195,203,3702.58%
Wellington Management Company, LLP107,157,5252.41%$5,238,931,3972.82%
Capital Research And Management Company101,852,5122.30%$4,979,569,3112.03%
Mellon Financial Corporation59,495,0001.34%$2,908,710,5501.39%
Northern Trust Corporation53,361,4401.20%$2,608,840,8011.29%
Goldman Sachs Group Inc49,079,2391.11%$2,399,483,994-.--%
% of Shares Held by All Insider and 5% Owners:1%1%
Top 10 [0.7%] of 1375 Institutional Holders Control25.05%24.42%
Percentage of Barclays and "Associates" Control11.57%9.82%

And finally here for JPMorgan Chase & Company.
Symbol Name Of Corporation
JPM

Major
Holders
JPMorgan Chase & Co (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional HoldersShares2007Value2006
AXA (Paris, France)177,718,2485.25%$8,610,449,1153.91%
Barclays Global Investors UK Holdings Ltd173,206,9805.12%$8,391,878,1815.05%
State Street Corporation108,849,3053.22%$5,273,748,8273.12%
Vanguard Group, Inc. (The)98,145,8192.90%$4,755,164,9302.54%
Capital Research And Management Company79,813,9012.36%$3,866,983,5033.32%
FMR Corporation (Fidelity Management & Research Corp)76,899,6392.27%$3,725,787,5092.00%
Legg Mason Inc.75,441,5802.23%$3,655,144,5512.20%
Davis Selected Advisers, LP74,599,9782.20%$3,614,368,9342.05%
Mellon Financial Corporation47,720,6851.41%$2,312,067,1881.28%
Morgan Stanley47,578,7051.41%$2,305,188,2571.25%
% of Shares Held by All Insider and 5% Owners:0%0%
Top 10 [0.7%] of 1277 Institutional Holders Control28.37%26.72%
Percentage of Barclays and "Associates" Control13.39%12.90%

See HOW these groups can work together? Just a tad bit incestuous, wouldn't you say? No insider information being exchanged here. Of course not.

Now, the story talks about buying "distressed securities." What underlies those securities is a TITLE, somewhere, or those securities would not be worth anything to anybody. So THEY get the TITLE, and someone else takes the loss. You should also notice that "Insiders and 5% Owners" are all less than 5%. What this means to me is that these Money Center banks are financial "plantations" with absentee owners. Of course, you have a president of each corporation, but it's easy to think of them as highly paid "plantation management." That's why they're so easily shuffled from one company to another. They all work for the same absentee owners.

Okay, where do you think these Major Holders get the money to play these games? They get their REAL play money from the interest we pay to create our own money! Imagine just how much mischief you could cause receiving part of the yearly interest on 9 TRILLION DOLLARS, without giving anything in return. There IS a solution to all this nonsense.

You will find it in this commentary: A REAL Solution To REAL Economic Problems.

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2007 by Edward Ulysses Cate

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