MyFoxDetroit

A newspaper burns in the sand, and the headlines say ‘Man destroys Man!’
Extra! Extra! Read all the bad news on the war for peace that everybody would lose
The rise and fall, the last great empire, the sound of the whole world caught on fire
The ruthless struggle, the desperate gamble
The game that left the whole world in shambles
The cheats, the lies, the alibis
And the foolish attempt to conquer the skies
Lost in space, and what is it worth, huh?
The president just forgot about Earth
Spending multi billions, and maybe even trillions
The cost of weapons ran into zillions
There’s gold in the street, and diamonds under feet
And the children in Africa don’t even eat
Flies on their faces, they’re living like mice
And the houses even make the ghetto look nice!
The water tastes funny, it’s forever too sunny
And they work all month and don’t make no money
A fight for power, a nuclear shower
And people shout out in the darkest hour
Of sights unseen and voices unheard
And finally the bomb gets the last word
Christians killed Muslims, and Germans killed Jews
And everybody’s bodies are used and abused!
Minds are poisoned and souls are polluted
Superiority complex is deep rooted
Leeches and lice’s, and people got prices
Egomaniacs control the self-righteous
Nothing is sacred and nothing is pure
So the revelation of death is our cure
Hitler and Caesar, Custer and Reagan
Napoleon, Castro, Mussolini and Begin
Ghengis Khan and the Shah of Iran
Mixed with the blood of the weaker man
The peoples in terror, the leaders made the error
And now they can’t even look in the mirror
‘Cause we gotta suffer while things get rougher
And that’s the reason why we got to get tougher
To learn from the past and work for the future
And don’t be a slave to no computer
‘Cause the Children of Man inherits the land
And the future of the world is in your hands
So just throw your hands in the air
And wave ‘em like you just don’t care
And if you believe that you’re the future
Scream it out and say ‘Oh yeah!’ (‘Oh yeah!’)
‘Oh yeah!’ (‘Oh yeah!’)

Beat Street Breakdown

October 18, 2008, 1:48 pm Obama Rally Draws 100,000 in Missouri

Amy Chozick reports on the presidential race from St. Louis.

Barack Obama attracted 100,000 people at a Saturday rally here, his biggest crowd ever at a U.S. event.

The crowd assembled under the Gateway Arch on a sunny Saturday afternoon to hear Obama speak about taxes and slam the Republicans on economic issues.

Lt. Samuel Dotson of the St. Louis Police Department confirmed the number of attendees piled into the grassy lawn by the Mississippi River.

To be sure, big crowds don’t always signal a big turnout on Election Day. But Obama’s ability to draw his largest audience yet in a typically red state that just weeks ago looked out of reach, could signal a changing electoral map.

For months Missouri polls put Obama as much as ten percentage points behind Republican John McCain. It was widely believed that McCain’s pick of Alaska Gov. Sarah Palin as his running mate would have won over the state’s conservatives and boosted his chances there. So far, that hasn’t happened.

A Rasmussen poll released on Friday shows Obama leading in Missouri 52% to 46% for McCain.

Missouri Sen. Claire McCaskill had harsh words for Palin when she introduced Obama on Saturday. Referring to comments Palin made earlier this week in North Carolina about “pro-America” states, McCaskill said “We have reached a new low in America politics when a candidate dares to say that one part of America is pro-America and another part is anti-America.”

She also took a dig at McCain for selecting a vice presidential nominee with limited experience. “One [candidate] picked one of the strongest candidates for vice president he could’ve picked in the United States and well, the other didn’t.”

Recognizing that big rallies don’t always result in cast ballots, the Obama campaign has dispatched thousands of field organizers and volunteers to Missouri to knock on doors in a statewide get out the vote effort. (Photo: Associated Press)

Permalink | Trackback URL: http://blogs.wsj.com/washwire/2008/10/18/obama-rally-dr
aws-100000-in-missouri/trackback/

posted by Max Blumenthal on 10/14/2008 @ 01:55am

On April 29, 2008, 14 leaders of Alaska's black community met with Gov. Sarah Palin to voice discontent with her minority hiring record. Palin's response, which was first reported by journalist Earl Ofari Hutchinson, only compounded her icy relationship with her African-American constituents.

Gwen Alexander, the president of the African-American Historical Society of Alaska, told me that Palin stated defiantly that she had no intention to hire any minority staffers. And according to Bishop Dave Thomas, senior pastor of Anchorage-based African-American church Jesus Holy Temple, the Palin administration excluded black business owners from the Alaskan oil and gas pipeline board. "We wasn't even able or allowed to go into the meetings" to seek contracts for the pipeline, Thomas told me.

Palin further alienated Alaska's black community by becoming the first Alaskan governor in recent memory to not recognize the Juneteenth celebration of the emancipation proclamation. "She doesn't hire any black people, she doesn't have any on her staff, so it's not a surprise that she doesn't support our Juneenth celebration," Alexander said.

These revelations and many more are contained in my latest video, which was produced with support from the Nation Institute Investigative Fund.

Campbell Brown Blasts McCain Campaign For "Race Baiting"

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Huffington Post | Danny Shea | October 8, 2008 11:13 PM

Read More: Campbell Brown, Campbell Brown McCain Race Baiting, Campbell Brown No Bias No Bull, Campbell Brown Race Baiting, Media News Show your support.
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In her "No Bias, No Bull" segment Wednesday night, Campbell Brown pleaded with the McCain campaign to stop what she referred to as "race baiting."

"It is getting very, very ugly," Brown said. "Tonight, we are cutting through the bull on the issue of race and this campaign."

Brown blasted McCain surrogates for injecting race Obama's race into the campaign narrative by invoking his middle name or referring to him as a terrorist, and she called on McCain to deliver a "much stronger denunciation than a campaign-generated paper statement":

Look, everybody, we all know that we are in unchartered territory here. Never before has there been an African-American presidential nominee. So without question, race is going to be part of the conversation. Race baiting doesn't have to be. And yet, it is happening in this campaign.

Twice this week, surrogates for Senator McCain had made a point of calling Senator Obama "Barack Hussein Obama." The implication here is clear. It's foreign sounding. It's Muslim sounding. It's un-American sounding. It's dangerous sounding.

What it is, is race baiting. And that is what is dangerous. Inciting crowds, encouraging their angry outbursts. McCain supporters shouting "treason" and "terrorist" about Obama at these rallies — that is dangerous.

Earlier in the campaign, McCain denounced this stuff. He strongly denounced it. And today, it requires a stronger response, a much stronger denunciation than a campaign-generated paper statement.

Brown also cautioned Obama supporters not to accuse McCain of racism over his "that one" remark from Tuesday's Presidential debate, as she reported some have done. "Give me a break," she said. "I can hear my grandfather talking about one of his kids or grandkids as 'that one.' He used it a lot. Maybe it's a generational thing. Maybe it wasn't a term of endearment
the way it was when my grandfather used it. Maybe McCain did mean to be disrespectful, but racist? I don't think so."

She ended the segment with a plea for candidates, supporters, and the media:

You know, we should be holding these candidates accountable for what they say during the campaign, and hope that in these final days, they do try to maintain a little dignity. But we have also got to check ourselves. We have a responsibility, too, to not get overheated. What we say matters, too.

Whoever wins this election, we are all going to have to rally around that person. Given what is happening to our economy, all that is going on in this country right now, none of us wants the next president to be a failure, whoever he may be, do we?

Over the weekend, Brown's shift towards the role of nonpartisan commentator was highlighted in a New York Times article. A collection of recent links in which she has kept politicians' feet to the fire appears below:

Campbell Brown Pleads: 'Don't Let This Devolve Into A Campaign That...We Are Sickened By'
Campbell Brown Holds Paulson, Bush Accountable For Crisis: "Seriously, What Were You Thinking?"
Campbell Brown Rips McCain Camp's "Sexist" Treatment Of Palin
McCain Spokesman Stumped Trying To Explain Why Palin Is Ready To Be Commander-In-Chief

Do you wonder how the Wall Street Welfare plan
(aka the bailout plan) ever passed Congress.

In most Congressional offices opposition
by voters ran 10 to 20 to 1 AGAINST it.

And for good reason.

The bailout is a total and complete fraud.

It does nothing to solve the root problem which
is a severe crisis of confidence in the banking
industry.

Instead it gives George Bush dictatorial powers,
through his Secretary Treasury, over three
quarters of a TRILLION dollars in tax payer
money.

(Part of the bill gave Bush $100 billion in
his own personal discretionary fund.)

http://www.brasschecktv.com/page/441.html

The banking crisis is real, but there was
a much simple, cheaper solution.

Go behind the scenes and hear about the
fraud, bribery and even threats of violence
that were used get this corrupt piece of
legislation passed...

Legislation which never had a public hearing
and likely no one who voted "yes" for it ever
read:

http://www.brasschecktv.com/page/441.html

- Brasscheck

P.S. Please share Brasscheck TV e-mails and
videos with friends and colleagues.

That's how this independent news service grows.
Thanks.

JohnMcCainRecord.com Sign Up:Email Zip

Three things every voter should know about John McCain and:

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Previous Issue Next Issue

Keating Economics: The Making of a Financial Crisis

The current economic crisis demands that we understand John McCain's attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than his central role in the savings and loan scandal of the late '80s and early '90s.

John McCain was accused of improperly aiding his political patron, Charles Keating, chairman of the Lincoln Savings and Loan Association. The bipartisan Senate Ethics Committee launched investigations and formally reprimanded Senator McCain for his role in the scandal -- the first such Senator to receive a major party nomination for president.

At the heart of the scandal was Keating's Lincoln Savings and Loan Association, which took advantage of deregulation in the 1980s to make risky investments with its depositors' money. McCain intervened on behalf of Charles Keating with federal regulators tasked with preventing banking fraud, and championed legislation to delay regulation of the savings and loan industry -- actions that allowed Keating to continue his fraud at an incredible cost to taxpayers.

When the savings and loan industry collapsed, Keating's failed company put taxpayers on the hook for $3.4 billion and more than 20,000 Americans lost their savings. John McCain was reprimanded by the bipartisan Senate Ethics Committee, but the ultimate cost of the crisis to American taxpayers reached more than $120 billion.

The Keating scandal is eerily similar to today's credit crisis, where a lack of regulation and cozy relationships between the financial industry and Congress has allowed banks to make risky loans and profit by bending the rules. And in both cases, John McCain's judgment and values have placed him on the wrong side of history.

Home

Full Documentary Available at 12:00 PM Eastern

Download .mov | Watch high quality

--> Top News

Revisiting McCain’s Keating 5 history
Seattle Times - Sept. 4, 2008
Keating 5 ring a bell?
Los Angeles Times - Sept 25, 2008
McCain’s recent history
Sioux Falls Argus Leader - Sept. 15, 2008
Did McCain Learn From the S&L Crisis?
The Washington Independent - Sept. 29, 2008
John McCain’s Presidential Campaign and the Keating 5: A Fresh Look at a Dead Scandal
American Chronicle - Sept. 26, 2008
McCain’s role in S&L collapse rouses bitter memories
Orange Country Register - Sept, 26, 2008
The Keating Five is more relevant now than ever
The Daily Voice - Sept. 23, 2008
Ignoring Keating
Media Matters - Sept. 26, 2008
John McCain & The Ghost of Keating Five
The Nation - Sept. 17, 2008
Remember the S&L Bailout? John McCain Hopes You Don’t
Mother Jones

More Videos --> Research & Downloads (permalink) The ABCs of John McCain, Charles Keating & The Savings & Loan (S&L) Crisis Downloads

During S&L Crisis, 747 Savings & Loans Banks Failed, Costing US Taxpayers $124 Billion; Deregulation Allowed Riskier Investments By S&Ls, Leading To Widespread Collapses And Fraud. In the 1980’s and early 1990’s the US economy was badly shaken by the failure of 747 savings and loan (S&L) institutions that had to be taken over and bailed out by the federal government. In total, the failures cost taxpayers $124 billion. One of the main causes for the epidemic of failures was the unregulated expansion of S&L’s, which had traditionally only dealt with home loans, into more exotic and riskier investments. When many of those investments failed, the institutions collapsed. [Chicago Tribune, 7/3/98, Los Angeles Times, 9/17/08]

S&L’s Risky Investments With Federally-Insured Money Led To Call For More Regulation. In the early 1980’s, Charles Keating’s American Continental Corporation purchased a California S&L named Lincoln. At that time, S&Ls like Lincoln were able to go beyond their traditional purpose of offering home loans and engage in riskier forms of investment. Since the deposits of S&Ls were insured by the federal government, regulators began to take notice of the investments being made by Keating and at other S&Ls. The Federal Home Loan Band Board (FHLLB), which had regulatory authority over the S&Ls, began to worry about the risks of this trend, and proposed a “direct investment” regulation to limit the money S&Ls could direct to these riskier investments. [Senate Ethics Committee Keating Five Investigation, 1990]

At Keating’s Request, McCain Wrote 5 Letters, Supported Bill To Forestall Direct Investment Rule. Keating was unhappy with the direct investment rule and began actively lobbying against it. Senate Ethics Committee Special Counsel Robert Bennett explained during the 1990 Keating Five hearings that John McCain wrote at least five letters to regulators, Treasury and White House officials to argue against these proposed restrictions on risky investments by S&Ls. Bennett said that “In 1984 and ‘85, then Congressman McCain wrote several letters to Chairman [Edwin] Gray [of the Federal Home Loan Bank Board] and White House officials urging them to postpone promulgation of the direct investment ruleâ€¦ There is evidence that Senator McCain did so at the urging of Mr. Keating or other representatives of Lincoln.” McCain’s work for Keating also included signing onto a bill to delay the direct investment rule in 1984 [Senate Ethics Committee Keating Five Investigation, 1990; HCONRES 363, 98th Congress]

With New Regulations In Place, Officials Began Investigation That Found That Keating’s Lincoln S&L Had Operated As Massive Fraud. After the direct investment rule was enacted the Federal Home Loan Bank Board began a more vigorous investigation into Lincoln’s practices, beginning to uncover a vast web of fraud and accounting irregularities designed to embezzle money to Keating and his family and friends. Top regulator William Black later said that Lincoln “operated like a Ponzi scheme, or financial pyramid dependent on an ever-increasing churning of assets.” Black said, “Its parent, Keating's American Continental Corp., was no more than a shell that siphoned dividends from Lincoln and distributed them through inflated salaries to Keating, his family members and associates.” [Senate Ethics Committee Keating Five Investigation, 1990; Associated Press, 12/5/90]

Keating Asked McCain And Other Senators To Whom He Had Contributed To Intervene With Regulators. In the most well-known episode of the scandal, Charles Keating asked five U.S. Senators including McCain to intervene with regulators from the Federal Home Loan Bank Board on his behalf. The Senators attended two meetings with the regulators in 1987. Reports of the meetings and the fact that Keating had contributed heavily to those Senators led to an investigation by the Senate Ethics Committee in 1990 into what became known as Keating Five scandal. [Senate Ethics Committee Keating Five Investigation, 1990; Chicago Tribune, 6/14/90; Los Angeles Times, 5/30/89]

Keating Admitted He Was Trying To Buy Influence. Keating was asked if his contributions bought him influence with the Senators, to which Keating replied, “I want to say in the most forceful way I can, I certainly hope so.” [Los Angeles Times, 5/30/89]

Ethics Committee Special Counsel Said McCain Had Closest Relationship to Keating. Robert Bennett, the Special Counsel for the Senate Ethics Committee said during the 1990 hearings: “of the five senators here before you, Senator McCain had the closest personal friendship with Charles Keating. Their friendship predated Senator McCain's political career. Senator McCain also was the only one who received personal as well political benefits from Charles Keating.” [Senate Ethics Committee Hearing into the Keating Five]

McCain Received $166,000 In Campaign Contributions from Charles Keating and his Associates. “Together with friends and associates, Keating contributed $56,000 to McCain's first House race, another $56,000 to the second and $54,000 to his 1986 Senate campaign,” contributions that were key to early success as a politician. [New York Times, 5/25/97]
McCain Used Keating’s Private Planes on Nine Occasions. “From August 1984 to August 1986, Sen. John McCain and his family flew across the country and to the Bahamas on at least nine occasions at Charles H Keating Jr.'s expense,” often to stay at the Keatings’ exclusive Cat Cay getaway. [Arizona Republic, 10/8/89]
McCain Had Direct Financial Ties To Keating. Keating brought in McCain’s wife and father-in-law as the largest investors in an Arizona shopping center investment. Fountain Square Shopping Center was a no-risk investment that virtually guaranteed a 25% return and a “significant tax write-off” through a tax shelter technique available to the wealthy that was soon outlawed. When reporters first questioned the deal, McCain said to reporters “It’s up to you to find that out, kids.” [Arizona Republic, 10/8/89]
McCain Originally Denied Reports of Connection. “When the story broke, McCain did nothing to help himself. ‘You're a liar,’ McCain said” when asked about the investments. He challenged reporters saying, ‘It's up to you to find that out, kids.’” [Arizona Republic, 3/1/2007]

McCain Rebuked By Senate Ethics Committee For Exercising “Poor Judgment.” In 1990, the bipartisan (three members of each party) Senate Ethics Committee rebuked McCain “for exercising ‘poor judgment’ for intervening with the federal regulators on behalf of Keating.” [Arizona Republic, 3/1/2007]

Keating’s S&L Was Declared Insolvent; $3.4 Billion Bailout Most Expensive in Meltdown. Federal regulators declared Lincoln Savings and Loan insolvent. It ended up costing taxpayers $3.4 billion to clean up the mess and cover federally-insured deposits at Lincoln, making it the most expensive failure in the entire S&L meltdown. [Washington Post, 11/29/92; New York Times, 2/21/08]

Keating Also Bilked 23,000 Investors – Many Elderly – With Junk Bonds. As his deeds unraveled under the scrutiny of regulators and civil and criminal court cases, it became clear that he had sold worthless junk bonds to 23,000 investors, many of them elderly retirees who had thought their investments were insured and lost their lost savings to Keating’s crimes. [Associated Press, 2/23/08]

Keating Was Found Guilty of 73 Counts of Fraud, Lost Two Criminal And One Civil Case. “a federal jury convicted him of 73 counts of wire and bankruptcy fraud in the collapse of American Continental and Lincoln,” a keystone of the Savings & Loan scandal as Keating “looted” the bank. Keating was also found guilty in civil court and lost a massive class action suit by investors he bilked. [Arizona Republic, 3/1/2007; Associated Press, 4/7/99]

Learn More Top News Revisiting McCain’s Keating 5 history

Seattle Times - Sept. 4, 2008

Keating 5 ring a bell?

Los Angeles Times - Sept 25, 2008

McCain’s recent history

Sioux Falls Argue Leader - Sept. 15, 2008

Watch the Trailer

Learn about a part of history that some wish we could just forget. Keating Economics: the Making of a Financial Crisis is a new in depth documentary exploring the causes and people involved in the Keating Five Scandal.

Watch the 30 second trailer

--> Research and Downloads

Learn about a part of history that some wish we could just forget. Keating Economics: the Making of a Financial Crisis is a new in depth documentary exploring the causes and people involved in the Keating Five Scandal.

Watch the 30 second trailer

-->

BIOGRAPHIES

NELSON W. ALDRICH (1841-1915)

Senator from Rhode Island; head of National Monetary Commission; his daughter Abby Aldrich married John D. Rockefeller, Jr.; he became the grandfather of his namesake. Nelson Aldrich Rockefeller, as well as the present David Rockefeller and Laurence Rockefeller.

WILLIAM JENNINGS BRYAN (1860-1925)

Woodrow Wilson’s Secretary of State, three times losing presidential candidate of the Democratic Party, in 1896, 1900, and 1908, and head of the Democratic Party.

ALFRED OWEN CROZIER (1863-1939)

A prominent attorney in Grand Rapids, Cincinnati, and New York, Crozier wrote eight books on legal and monetary problems, focussing on his opposition to the supplanting of Constitutional money by the corporation currency printed by private firms for their profit.

CLARENCE DILLON (1882-1979)

Born in San Antonio, Texas, son of Samuel Dillon and Bertha Lapowitz. Harvard, 1905. Married Anne Douglass of Milwaukee. His son, C. Douglas Dillon (later Secretary of the Treasury, 1961-65) was born in Geneva, Switzerland in 1909 while they were abroad. Dillon met William A. Read, founder of the Wall Street bond broker William A. Read and Company, through introduction by Harvard classmate William A. Phillips in 1912 and Dillon joined Read’s Chicago office in that year. He moved to New York in 1914. Read died in 1916, and Dillon bought a majority interest in the firm. During World War 1, Bernard Baruch, chairman of the War Industries Board, (known as the Czar of American industry) asked Dillon to be assistant chairman of the War Industries Board. In 1920, William A. Read & Company name was changed to Dillon, Read & Company. Dillon was director of American Foreign Securities Corporation, which he had set up in 1915 to finance the French Government’s purchases of munitions in the United States. His righthand man at Dillon Read, James Forrestal, became Secretary of the Navy, later Secretary of Defense, and died under mysterious circumstances at a Federal hospital. In 1957, Fortune Magazine listed Dillon as one of the richest men in the United States, with a fortune then estimated to be from $150 to $200 million.

ALAN GREENSPAN (1926- )

Appointed by President Reagan to succeed Paul Volcker as Chairman of the Board of Governors of the Federal Reserve System in 1987. Greenspan had succeeded Herbert Stein as chairman of the President’s Council of Economic

187

Advisors in 1974. He was the protégé of former chairman of the Board of Governors, Arthur Burns of Austria (Bernstein). Burns was a monetarist representing the Rothschild’s Viennese School of Economics, which manifested its influence in England through the Royal Colonial Society, a front for Rothschilds and other English bankers who stashed their profits from the world drug trade in the Hong Kong Shanghai Bank. The staff economist for the Royal Colonial Society was Alfred Marshall, inventor of the monetarist theory, who, as head of the Oxford Group, became the patron of Wesley Clair Mitchell, who founded the National Bureau of Economic Research for the Rockefellers in the United States. Mitchell, in turn, became the patron of Arthur Burns and Milton Friedman, whose theories are now the power techniques of Greenspan at the Federal Reserve Board. Greenspan is also the protégé of Ayn Rand, a weirdo who interposed her sexual affairs with guttural commands to be selfish. Rand was also the patron of CIA propagandist William Buckeley and the National Review. Greenspan was director of major Wall Street firms such as J.P. Morgan Co., Morgan Guaranty Trust (the American bank for the Soviets after the Bolshevik Revolution of 1917), Brookings Institution, Bowery Savings Bank, the Dreyfus Fund, General Foods, and Time, Inc. Greenspan’s most impressive achievement was as chairman of the National Commission on Social Security from 1981-1983. He juggled figures to convince the public that Social Security was bankrupt, when in fact it had an enormous surplus. These figures were then used to fasten onto American workers a huge increase in Social Security withholding tax, which invoked David Ricardo’s economic dictum of the iron law of wages, that workers could only be paid a subsistence wage, and any funds beyond that must be extorted from them forcibly by tax increases. As a partner of J.P. Morgan Co. since 1977, Greenspan represented the unbroken line of control of the Federal Reserve System by the firms represented at the secret meeting on Jekyll Island in 1910, where Henry P. Davison, righthand man of J.P. Morgan, was a key figure in the drafting of the Federal Reserve Act. Within days of taking over as chairman of the Federal Reserve Board, Greenspan immediately raised the interest rate on Sept. 4, 1987, the first such increase in three years of general prosperity, and precipitated the stock market crash of Oct., 1987, Black Monday, when the Dow Jones average plunged 508 points. Under Greenspan’s direction, the Federal Reserve Board has steadily nudged the United States deeper and deeper into recession, without a word of criticism from the complaisant members of Congress.

COLONEL EDWARD MANDELL HOUSE (1858-1938)

Son of a Rothschild agent in Texas. Succeeded in electing five consecutive governors of Texas; became Woodrow Wilson’s advisor in 1912. Cooperated with Paul Warburg to get the Federal Reserve Act passed by Congress in 1913.

ROBERT MARION LAFOLLETTE (1855-1925)

Served in Senate from Wisconsin 1905-25. Led agrarian reformers in opposing Eastern bankers and their plans for the Federal Reserve Act. Ran for President in 1924 on Progressive-Socialist ticket.

188

CHARLES AUGUSTUS LINDBERGH, SR. (1860-1924)

Congressman from Minnesota (1907-1917) who led the fight against enactment of the Federal Reserve Act in 1913. He served until 1917 when he resigned to run for governor of Minnesota. He ran a good campaign despite adverse newspaper attacks led by The New York Times. His campaign was adversely affected when Federal agents burned his books, including Why Is Your Country At War? and the papers and contents of his home office in Little Falls, Minnesota.

LOUIS T. McFADDEN (1876-1936)

Congressman and Chairman of the House Banking and Currency Committee, 1927-33; courageously opposed the manipulators of the Federal Reserve System in the 1920’s and the 1930’s. Introduced bills to impeach Federal Reserve Board of Governors and allied officials. After three attempts on his life, he died mysteriously.

JOHN PIERPONT MORGAN (1837-1913)

Considered the dominant American financier at the turn of the century. Who’s Who in 1912 stated he "controls over 50,000 miles of railroads in the United States." Organized United States Steel Corporation. Became representative of House of Rothschild through his father, Junius S. Morgan, who had become London partner of George Peabody & Company, later Junius S. Morgan Company, a Rothschild agent. John Pierpont Morgan, Jr. succeeded his father as head of the Morgan empire.

DAVID MULLINS (1946- )

Appointed Governor of the Federal Reserve Board May 21, 1990, David Mullins’ term runs to Jan. 31, 1996. He was recently nominated to serve as Vice Chairman of the Federal Reserve Board, and served as Assistant Secretary of the Treasury for Domestic Finance 1988-90, receiving the department’s highest award, the Alexander Hamilton Award, for his service in such programs as synthetic fuels, federal finance, Farm Credit Assistance Board, and author of the President’s Plan for rescuing the savings and loan institutions. He is a distant cousin of the author, descended from John Mullins, the first recorded settler in the western area of Virginia, hero of the battle of King’s Mountain, and recipient of a 200 acre grant of land for his service in the American Revolution.

WRIGHT PATMAN (1893-1976)

Congressman and Chairman of the House Banking and Currency Committee 1963-74. Led the fight in Congress to stop the manipulators of the Federal Reserve System from 1937 to his death in 1976.

CONGRESSMAN ARSENE PUJO

Served in Congress 1903-1913. Democrat from Louisiana. Chairman of House Banking and Currency Committee. Chairman of "Pujo Hearings" Subcommittee, 1912.

189

SIR GORDON RICHARDSON (1915- )

Head of the Bank of England since 1973. Chairman J. Henry Schroder Wagg, London, 1962-72; director of J. Henry Schroder Banking Corporation, New York; Schroder Banking Corporation, New York; Lloyd’s Bank, London; Rolls Royce.

JACOB HENRY SCHIFF (1847-1920)

Born in Rothschild house in Frankfurt, Germany. Emigrated to United States, married Therese Loeb, daughter of Solomon Loeb, founder of Kuhn, Loeb and Co. Schiff became senior partner of Kuhn, Loeb and Co., and as representative of Rothschild interests gained control of most of railway mileage in United States.

BARON KURT VON SCHRODER (1889- )

Adolph Hitler’s personal banker, advanced funds for Hitler’s accession to power in Germany in 1933; German representative of the London and New York branches of J. Henry Schroder Banking Corporation; SS Senior Group Leader; director of all German subsidiaries of I.T.T; Himmler’s Circle of Friends; advisor to board of directors, Deutsche Reichsbank (German central bank).

ANTHONY MORTON SOLOMON (1919- )

Educated at Harvard, economist Office of Price Administration, 1941-42; financial mission to Iran, 1942-46; Agency for international Development South America, 1965-69; president international Investment Corporation for Yugoslavia 1969-72; advisor to Chairman, Ways and Means Committee, House of Representatives, 1972-73; Undersecretary Monetary Affairs, U.S. Treasury, 1977-80; president Federal Reserve Bank of New York, 1980-

SAMUEL UNTERMYER (1858-1940)

A partner of the law firm of Guggenheimer and Untermyer of New York, who conducted the "Pujo Hearings" of the House Banking and Currency Committee in 1912. Counsel for Rogers and Rockefeller in many large suits against F. Augustus Heinze, Thomas W Lawson and others. Earned a single fee of $775,000 for handling merger of Utah Copper Company. Reported in The New York Times May 26, 1924 as urging immediate recognition of Soviet Russia at Carnegie Hall meeting. Untermyer’s prestige and power is illustrated by the fact that this front page obituary in The New York Times covered six columns. His listing in Who’s Who was the longest for thirteen years.

FRANK VANDERLIP (1864-1937)

Assistant Secretary of Treasury 1897-1901; won prestige for financing Spanish American War by floating $200,000,000 in bonds during his incumbency for what is known as "National City Bank’s War" President of National City Bank 1909-19. One of the original Jekyll Island group who wrote Federal Reserve Act in November, 1910. No mention of this important fact is made in extensive obituary in The New York Times, June 30, 1937.

190

GEORGE SYLVESTER VIERECK (1884-1962)

Author of the definitive study The Strangest Friendship in History, Woodrow Wilson and Col. House, Liveright, 1932. A leading poet of the early 1900’s, reviewed on the front page of The New York Times Book Review, and known as the leading German-American citizen of the United States.

PAUL VOLCKER (1927- )

Chairman of the Federal Reserve Board of Governors since 1979, appointed by President Carter, reappointed by President Reagan for another four year term beginning August 6, 1983. Educated at Princeton, Harvard and London School of Economics; employed by Federal Reserve Bank of New York, 1952-57; Chase Manhattan Bank, 1957-61; Treasury Department, 1961-74; president Federal Reserve Bank of New York, 1975-79.

PAUL WARBURG (1868-1932)

Conceded to be the actual author of our central bank plan, the Federal Reserve System, by knowledgeable authorities. Emigrated to the United States from Germany 1904; partner, Kuhn Loeb and Company bankers, New York; naturalized 1911. Member of the original Federal Reserve Board of Governors, 1914-1918; president Federal Advisory Council, 1918-1928. Brother of Max Warburg, who was head of German Secret Service during World War I and who represented Germany at the Peace Conference, 1918-1919, while Paul was chairman of the Federal Reserve System.

SIR WILLIAM WISEMAN (1885-1962)

Partner of Kuhn, Loeb and Company; head of British Secret Service during World War I. Worked closely with Col. House dominating the United States and England.

SECRETS

OF THE

FEDERAL RESERVE

Full video 42 min

G. Edward Griffin on the Federal Reserve System

Jim Crow in Cyberspace: The Unreported Story of How They Fixed the Vote in Florida

The Unreported Story of How They Fixed The Vote In Florida

In the days following the 2000 presidential election, there were so many stories of African Americans erased from voter rolls you might think they were targeted by some kind of racial computer program.
They were.

I have a copy of it: two silvery CD-ROM disks right out of the office computers of Florida Secretary of State Katherine Harris. Once decoded and flowed into a database, they make for interesting, if chilling, reading. They tell us how our president was elected—and it wasn’t by the voters.

Here’s how it worked: Mostly, the disks contain data on Florida citizens—57,700 of them. In the months leading up to the November 2000 balloting, Florida Secretary of State Harris, in coordination with Governor Jeb Bush, ordered local elections supervisors to purge these 57,700 from voter registries. In Harris’s computers, they are named as felons who have no right to vote in Florida.

Thomas Cooper is on the list: criminal scum, bad guy, felon, attempted voter. The Harris hit list says Cooper was convicted of a felony on January 30, 2007. 2007?

You may suspect something was wrong with that list. You’d be right. At least 90.2 percent of those on this “scrub” list, targeted to lose their civil rights, are innocent. Notably, over half—about 54 percent—are Black and Hispanic voters. Overwhelmingly, it is a list of Democrats.

And the process looks like it will be repeated for the 2004 Presidential election.

Contract Secrets

Contract Secrets. This is a photocopy of a page from the contract that won the election for George W. Bush-- between the State of Florida and DBT online to identify "felon"voters to remove from the registration rolls. DBT was paid $2,317,800 for the first year's work to include "manual verification using telephone calls." The work was paid for but not done-- with the approval of the state. Why?

Mr. Roberts Does A Runner

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Reaction to the document above: Clayton Roberts, Katherine Harris's elections division chief, runs for cover, caught on video by my BBC Television crew and by filmmaker Danny Schecter.

Mismatches Made In Heaven: The "Scrub List" 2000

Scrub List . This is a screenshot of a reformatted version of the Florida "felon" scrub list, which was used to tag thousands for removal from the voter registration rolls. Click the magnifying glass to see the screenshot and for more information about the list and examples of its inaccuracy.

Switched Letters

Switched Letters. Note that the letter dated September 18, 2000, six weeks before the presidential election, requires ex-felons to seek executive clemency from Gov. Jeb Bush before they can vote. That directly violates court rulings. The letter is dated February 23, 2001, written three months after the election and a week after the U.S. Civil Rights Commission began to investigate the matter, says the opposite: These voters need not apply for clemency. The voters need not seek Governor Bush's "clemency."

The Bushes and the Billionaires Who Love Them

The Best Democracy Money Can Buy

Who owns America? How much did it cost? Was the transaction cash, check or credit card? Was it a donation to my son who’s running for president? Or a consulting contract to my wife’s former law partner to comfort him on his way to the federal penitentiary?

And what do you give a billionaire who has everything? That gold mine in Nevada they so covet? Immunity from prosecution? Then there’s the practical difficulty of gift wrapping the U.S. Congress.

George W. Bush may have lost at the ballot box but he won where it counts, at the piggy bank. The Fortunate Son rode right into the White House on a snorting porker stuffed with nearly half a billion dollars: My calculation of the suffocating plurality of cash from Corporate America (“hard” money, “soft” money, “parallel” spending and other forms of easy squeezy) that smothered Al Gore runs to $447 million. They called it an election but it looked more like an auction.

Did Our President Spike the Investigation of bin Laden?

FBI documents: “Secret.” The designation “199” means “national security matter.” This is the first of over thirty pages of documentation obtained by BBC and the National Security News Service (Washington) indicating that the FBI was pulled off the trail of “ABL” (Abdullah bin Laden)—until September 13, 2001. Abdullah is reportedly Osama’s cousin, and should not be confused with another Abdullah, Osama’s brother, a businessman in Boston.

Ken Lay and Enron

Ken Lay and Enron. This letter shows Ken Lay's "suggestions" for appointees to various Texas State offices as well as policy directives for the newly elected Governor, George W. Bush to adopt. Ken asked and he received.

In this document, Ken Lay offers reading advice to the Governor and presidential candidate, George W. Bush. Now that Bush has finished reading Harry Potter, Lay suggests he move on to the Mien Kempf of globalization.

Jim Hightower on Enron

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Jim Hightower discusses Ken Lay and Enron and the association with President Bush.

The Political Payback Trail

The political payback trail. This documents shows a commitment by two Enron lobbyist to raise 100,000 for Bush.

Documents Trashed?

George W Bush's Air Guard General's assistant, Major Bill Burkett, discusses how Bush's war recorded was trashed.

George Wins the Lotteries

The Bush family daisy chain of favors, friendship and finance goes way back to Dubya's "War Years." Junior Bush was a fighter pilot during the war in Vietnam; not in the United States Air Force, where one could get seriously hurt, mind you, but in the Texas air force, known as the Air Guard. Texas's toy army, an artifact of Civil War days, is a favorite club for warmongers a bit squeamish about actual combat. Membership excused these weekend warriors from the military draft and the real shoot-em-up in 'Nam. During the war, Senator Prescott Bush and his son, Congressman George Bush Sr., were more than happy to send other men's sons and grandsons to Southeast Asia. However, there were not enough volunteers for this suspect enterprise, so Congress created a kind of death lottery: If your birth date was picked out of a hat, off to the army you went. But the Air Guard flyboys were exempted form this macabre draft lotto.

George Bush Goes AWOL

Bush's retirement papers from the Air Guard- pages mysteriously missing.

Bush's Points Earned?

When tested for the coveted Air Guard get-out, young George W. tested at twenty-five out of one hundred, one point above "too dumb-to-fly" status, yet leaped ahead of hundreds of applicants to get the Guard slot.

Bush Gets Suspended

Bush Allies Are Sole War on Terror Winners?

Despite all my investigations with all the players in the current war on terror, I still have one impertinent question that is unanswered. Who won the war on terror? "The war on terror hasn't been decided yet, but a few winners are emerging," business magazine Forbes says cheerily. "Background checking services . . . are high up on the list of businesses that will benefit from [the] government proposal to beef up security in the world's largest economy . . . services provided by companies like . . . ChoicePoint Inc., would increase further when the U.S. Immigration and Naturalization Service steps up immigrant tracking." Here is the peculiar contract between ChoicePoint and the Department of Justice.

California Reamin': Deregulation and the Power Pirates

Andersen's Magic Show

In 1989, I was brought into an investigation of Horton's employer, Southern Company of Atlanta, by Georgia civic groups suspicious that Southern had overcharged its several million electricity customers in Georgia, Alabama, Mississippi and Florida. I focused on transcripts of tape recordings made a year earlier by accountant Gary Gilman. Wearing a hidden microphone, Gilman recorded his fellow executives detailing the method by which Southern charged customers $61 million for spare parts which, in fact, had not been used. Like all good accountants, Southern's kept a careful record of the phantom parts in electronic ledgers-found in the trunk of one executive's car. I obtained copies of the documents, spending months decoding the accounts, gaining an insight into what would, a decade later, lead to blackouts and bankruptcies from California to Argentina.

Spare Parts

Take a look at a bit of what I saw… There’s two sets of numbers—one for government and one for the boys at the top of the company structure to keep track of reality. Here’s where it turns a little technical. The parts held in inventory should have been “capitalized,” that is, listed as an investment in “Account 154.” In fact, they were “expensed”—to use the accounting lingo—and charged as if they were used. The difference between capitalizing and expensing is the difference between having your cake (investing) and eating it (using it up). Moving numbers from one account to the other cheated the IRS and bill payers out of millions.

Money for Nuthin'

I looked into the December 2000 blackouts in Southern California. The wholesale price of electricity there jumped 1,000 percent over the previous year and the price of natural gas, fuel for the power plants, rose 1,000 percent in one week. The big spike-- over $50 per unit for natural gas-- was charged to Californians. At the same time, Texas paid less than $10 from the "Henry Hub."

Inside Corporate America

What Price a Store-gasm?

At Wal-Mart’s 1992 general meeting, company founder Sam Walton asked his shareholders to stand and sing “God Bless America.” The 15,000 Wal-Martians responded emotionally to Sam’s call, even though Mr. Walton had been dead for two months.

Walton’s request to the stockholder-cum-revival meeting in rural Arkansas—channeled through an executive, spotlit and on bended knee, speaking to the departed Deity of Retail—was not surprising. Wal-Mart is the most patriotic, flag-waving company in America.

Until you look under the flags. Stores are decked out like a war rally, with Stars and Stripes hung from the ceiling and cardboard eagles shrieking BUY AMERICA! But one independent group sampled 105,000 store items and found only 17 percent made-in-the-USA items. Many gewgaws on sales carts marked “Made in America!” came from such red-white-and-blue locales as Honduras and Indonesia.

Honduras Child Labor: Wendy Diaz Testifies

This is disturbing testimony of a 15 year old girl, Wendy Diaz-- a Honduran former worker for Kathie Gifford pants.

How the Filth Turned Green

British Petroleum has repainted all their U.S. gas stations green, and if that isn’t enough to convince you that Big Oil is the environment’s best friend, then just consider corporate USA’s plans, endorsed by our biggest environmental groups, to bring market mechanisms to the rescue of Mother Earth.

Documents and text from "The Best Democracy Money Can Buy" by Greg Palast,
© Greg Palast, 2002, 2003, 2004. Published by Plume Books. available at www.gregpalast.com.

Some illustrations by Winston Smith. Designed by Duane Fitzgerald Andrews

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The Bush-Bin Laden Money Connection

"Former President George Bush met with King Fahd, right, on a trip to Saudi Arabia last year as part of his work for the Carlyle Group." (NYT, 3/5/01)

A Second Bush Oil Deal To Come With Murky Ties To Saudi Financiers And Osama Bin Laden

"On September 24, President George W. Bush appeared at a press conference in the White House Rose Garden to announce a crackdown on the financial networks of terrorists and those who support them. “U.S. banks that have assets of these groups or individuals must freeze their accounts,” Bush declared. “And U.S. citizens or businesses are prohibited from doing business with them.”

"But the president, who is now enjoying an astounding 92 percent approval rating, hasn’t always practiced what he is now preaching: Bush’s own businesses were once tied to financial figures in Saudi Arabia who currently support bin Laden.

"In 1979, Bush’s first business, Arbusto Energy, obtained financing from James Bath, a Houstonian and close family friend. One of many investors, Bath gave Bush $50,000 for a 5 percent stake in Arbusto. At the time, Bath was the sole U.S. business representative for Salem bin Laden, head of the wealthy Saudi Arabian family and a brother (one of 17) to Osama bin Laden. It has long been suspected, but never proven, that the Arbusto money came directly from Salem bin Laden. In a statement issued shortly after the September 11 attacks, the White House vehemently denied the connection, insisting that Bath invested his own money, not Salem bin Laden’s, in Arbusto.

"In conflicting statements, Bush at first denied ever knowing Bath, then acknowledged his stake in Arbusto and that he was aware Bath represented Saudi interests. In fact, Bath has extensive ties, both to the bin Laden family and major players in the scandal-ridden Bank of Commerce and Credit International (BCCI) who have gone on to fund Osama bin Laden. BCCI defrauded depositors of $10 billion in the ’80s in what has been called the “largest bank fraud in world financial history” by former Manhattan District Attorney Robert Morgenthau. During the ’80s, BCCI also acted as a main conduit for laundering money intended for clandestine CIA activities, ranging from financial support to the Afghan mujahedin to paying intermediaries in the Iran-Contra affair.

"When Salem bin Laden died in 1988, powerful Saudi Arabian banker and BCCI principal Khalid bin Mahfouz inherited his interests in Houston. Bath ran a business for bin Mahfouz in Houston and joined a partnership with bin Mahfouz and Gaith Pharaon, BCCI’s frontman in Houston’s Main Bank.

"The Arbusto deal wasn’t the last time Bush looked to highly questionable sources to invest in his oil dealings. After several incarnations, Arbusto emerged in 1986 as Harken Energy Corporation. When Harken ran into trouble a year later, Saudi Sheik Abdullah Taha Bakhsh purchased a 17.6 percent stake in the company. Bakhsh was a business partner with Pharaon in Saudi Arabia; his banker there just happened to be bin Mahfouz.

"Though Bush told the Wall Street Journal he had “no idea” BCCI was involved in Harken’s financial dealings, the network of connections between Bush and BCCI is so extensive that the Journal concluded their investigation of the matter in 1991 by stating: “The number of BCCI-connected people who had dealings with Harken—all since George W. Bush came on board—raises the question of whether they mask an effort to cozy up to a presidential son.” Or even the president: Bath finally came under investigation by the FBI in 1992 for his Saudi business relationships, accused of funneling Saudi money through Houston in order to influence the foreign policies of the Reagan and first Bush administrations.

"Worst of all, bin Mahfouz allegedly has been financing the bin Laden terrorist network—making Bush a U.S. citizen who has done business with those who finance and support terrorists. According to USA Today, bin Mahfouz and other Saudis attempted to transfer $3 million to various bin Laden front operations in Saudi Arabia in 1999. ABC News reported the same year that Saudi officials stopped bin Mahfouz from contributing money directly to bin Laden. (Bin Mahfouz’s sister is also a wife of Osama bin Laden, a fact that former CIA Director James Woolsey revealed in 1998 Senate testimony.)

"When President Bush announced he is hot on the trail of the money used over the years to finance terrorism, he must realize that trail ultimately leads not only to Saudi Arabia, but to some of the same financiers who originally helped propel him into the oil business and later the White House. The ties between bin Laden and the White House may be much closer than he is willing to acknowledge." --Wayne Madsen, 10/22/01

Wayne Madsen, an investigative journalist based in Washington, is the author of Genocide and Covert Operations in Africa 1993-1999.

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