Commentary - 09/30/08

Absolute Power Absolutely Corrupts

As if you need another example, today's Washington Post publishes the article Ex-CIA Official Pleads Guilty in Corruption Case:

The story of the CIA officer, his mistress and his wealthy businessman friend appears to have come to an end, with the intelligence agency's former executive director likely facing about two years behind bars.

Kyle "Dusty" Foggo, the former No. 3 official in the CIA, pleaded guilty yesterday in federal court to one count of wire fraud stemming from sweetheart contracting deals he awarded to a friend and a high-level CIA job he got for his mistress.

Prosecutors say he received $1,000 meals and lavish vacations from his friend, California businessman and GOP donor Brent R. Wilkes, in exchange for helping Wilkes score CIA contracts. Foggo, 53, was originally charged last year with 28 counts of wire and mail fraud, unlawful money transactions and making false statements.

It goes on to say that:
Foggo first was implicated in the corruption scheme back in March 2006, when former Rep. Randy "Duke" Cunningham, a California Republican, was sentenced to more than eight years in prison for accepting bribes and gifts. As part of his sentence, Cunningham admitted using his seats on the House appropriations and intelligence committees to earmark funding for programs intended for business associates, including Wilkes.
. . .
Wilkes later pleaded guilty to bribery for giving Cunningham money and other gifts in exchange for nearly $90 million in work from the Pentagon. He was sentenced in February to 12 years in prison.
That's the problem I'm having with the bailout. The honest, tax-paying citizens are being saddled with enormous debt, WITH INTEREST, to cover up the trails of the "Snakes In Suits" that would easily show up if the deals unravelled. The bailout is like using a tree branch to obliterate the trails in the dust that could easily be followed to their lairs when the deals collapse.

This is NOT an accusation of ALL CIA personnel nor Congresspersons. You only need slightly more than half for control. This is what governments feed on to grow out of control. If anyone complains, they're either physically or character assassinated. When you tie corruption with very long-term planning, this is how countries like ours are taken over and taxed into Dark Ages.

What kind of long-term planning? How about 10, 20, 50, 100 years! Think I'm making this up? This JPMorgan executive got caught telling the truth about how imperialistic capitalists think, as quoted in this Reuters article:

"They basically bought the company for nothing," said John Stein, co-founder of investment firm FSI Group. Stein added that, if JPMorgan's assumptions about WaMu's holdings are right, "It's a great deal."

Jamie Dimon, JPMorgan's hard-charging chief executive, sees the deal as a boost to the empire he has been building since he arrived from Banc One four years ago.

"We're building this franchise for the long term -- not for next year or the next five years, but for the next 100 years," he said on a call with investors.

If you wonder what results this kind of thinking produces, go back about 100 years from today. What do you find? The Panic of 1907! Also known as the 1907 Bankers' Panic. This is a related commentary written earlier this year: 1907 to 1913 -- 2007 to 2013.

What followed? The creation of the Federal Reserve in 1913! What was the result? Today's financial collapse of America! That's what financial predators consider "long-term planning."

So what do I think is their plan now? The same plan we were warned about in 1889: "To own the earth in fee simple. That means they want us in so much debt that we have to eventually give up TITLE to our property. ALL OF US! When we cannot afford the taxes, the sheriff will confiscate our property, just like they did in the 30's.

This is exactly what will happen if we continue to go further into debt to bail out the imperialists. This is not capitalism. This is imperialism. This is the end-game of the economic war that's been going on since the founding of our country.

Financially speaking, we are already seriously wounded. Now they're going in for the kill by saddling the American population with so much debt that our children, and their children, can never pay it off. My children are in their early 20's. When they have children, that easily covers 100 years.

We must consider this warning by Thomas Jefferson:

"If the American people ever allow private banks to control the issuance of their currencies, first by inflation then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered."

We cannot let The Dragon Win!
Let's accept our failures now. Pass the American Monetary Act to prevent giving away TITLE to our homeland.

2008 by Edward Ulysses Cate
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