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SAIC Banks Billions from Top Secret America, Millions to Put DHS in an Asylum

November 29, 2011 Leave a comment

SAIC Banks Billions from Top Secret America, Millions to Put DHS in an Asylum

The Terrorism Industrial Complex a.k.a. “Top Secret America” may sound like tin foil hat conspiracy to some, but many of you will remember it as the name of an extensive investigation by the Washington Post, whose editors’ intro says:  “[This] is a project nearly two years in the making that describes the huge national security buildup in the United States after the Sept. 11, 2001, attacks…  When it comes to national security, all too often no expense is spared and few questions are asked – with the result an enterprise so massive that nobody in government has a full understanding of it.  It is, as Dana Priest and William M. Arkin have found, ubiquitous, often inefficient and mostly invisible to the people it is meant to protect and who fund it.”

http://topsecretamerica.com

Short of storming the Beltway, the American people may never learn just how much of their money has been pillaged, plundered and simply wasted in the name of “national security” since 9/11, but our research suggests it could easily be an amount that exceeds not only the billions in bailout bucks given to the Banksters since 2008 but the trillions paid to the War Profiteers since 2001.  In fact, just as the money being squandered on militarily useless F-22 and F-35 fighter jets  will probably exceed our $1.3 trillion federal deficit (see our previous reports), the often untraceable trillions poured into the post-9/11 “too big to fail”, “war on terrorism”, “homeland security” and “black ops” troughs by our corporate-owned politicians and well-lobbied bureaucrats might easily approximate our $15 trillion national debt.

http://www.usdebtclock.org

One of the hundreds of “security contractors” feeding at those troughs is SAIC – formerly Science Applications International Corporation.  Headquartered in McLean VA, SAIC is “a Fortune 500 scientific, engineering, and technology applications company working in national security, energy and the environment, critical infrastructure, and health”.  The company’s 46,000+ employees serve the Department of Defense (DoD), the intelligence community, the Department of Homeland Security (DHS) and other federal government agencies.  SAIC had revenue of $11.1 billion for its fiscal year 2010.

http://tinyurl.com/d4vd3uz

Since 1995 SAIC has contributed over $3.8 million to political campaigns, split evenly between Democrats and Republicans, with Barack Obama and John McCain being the top recipients.  That amount is eclipsed by the more than $24 million they’ve invested in lobbying since 1997.  And over that same period, SAIC’s penalties for federal contractor misconduct have far exceeded their pay-to-play payola:  SAIC paid a $24.9 million settlement for rigging bids on General Services Administration (GSA) contracts, $5 million to the Air Force for false claims and defective pricing, and all told over $32 million for a dozen different instances of government fraud, ethics and other violations.  Of course, all their penalties and payola combined is chump change compared to the more than $63 billion in defense, security and other federal contracts SAIC has bagged over the past ten years.

http://tinyurl.com/c68db7n

http://tinyurl.com/cwuk6wc

http://tinyurl.com/coczcbn

Apparently its all forgive and forget at the GSA, because just last week they awarded SAIC a $5 billion telecom systems contract – forgiving their history of bid-rigging, and forgetting that the City of New York recently demanded a $600 million refund on the botched and corruption-riddled “CityTime” system that SAIC installed for them.

http://tinyurl.com/bowbm2a

http://tinyurl.com/3toghua

http://tinyurl.com/ceulphp

SAIC will also be getting at least a $90 million bite out of the $4 billion or so that’s been budgeted to relocate the Department of Homeland Security to what was once St. Elizabeths Hospital, an insane asylum.  Conceived in the Mad Hatter days of Bush-Cheney, the megabucks DHS relocation boondoggle is yet another fiscal insanity that has continued unaffected by any imagined wave of “Change” in 2008.  SAIC’s piece is to implement a “secure and scalable” IT infrastructure.

http://tinyurl.com/n9f8hz

http://tinyurl.com/d8g79de

Why SAIC would be trusted to provide DHS with a “secure” anything for their new 4.5 million square foot Ministry of Truth facility is a mystery to me.  After all, it was only a few weeks ago that they acknowledged the theft of tapes containing the confidential personal information of 4.9 million Tricare military beneficiaries that were allegedly sitting in the car of one of their employees.

http://tinyurl.com/cxj2735

Anyway…  False flag op or not, there can be no debate that since 11 September 2001 trillions of taxpayer dollars have been spent to beat the boogeymen, real or contrived.  Has it been worth it?  Do you think Americans are “safer” today than we were ten years ago?  If so, has any security gained been worth the cost, and the personal privacy and freedoms lost?

Related Image:

http://ldrlongdistancerider.com/images/SAIC_Terrorism_Industrial_Complex.jpg

Related Videos:

http://projects.washingtonpost.com/top-secret-america/

http://www.youtube.com/watch?v=cQgImAQ3pCE

http://www.youtube.com/watch?v=BlkKwI3TThI

 

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Bayer Behind BPA Study That Preserves Their Profits By Prolonging Your Risks

November 27, 2011 1 comment

Bayer Behind BPA Study That Preserves Their Profits By Prolonging Your Risks

Bayer Group (Bayer AG) is a German holding company that ranks #147 on the Forbes Global 2000 and #1 on the Toxic 100 Air Polluters list:

http://tinyurl.com/yfzjvvk

With more than 111,000 employees and over $47 billion in annual revenues, the company’s (dirty) business operations are organized into three subgroups: HealthCare, CropScience and MaterialScience, supported by the service companies Bayer Business Services, Bayer Technology Services and Currenta.  Bayer HealthCare is involved in the research, development and manufacture of health products for “people and animals”.  Bayer CropScience is engaged in crop protection and “non-agricultural” pest control.  Bayer MaterialScience supplies polymers for a wide range of applications.  Bayer AG operates through numerous subsidiaries, affiliates and joint ventures located in Europe, Latin America, Africa, Middle East, North America as well as the Asia/Pacific region, e.g. Bayer Chemicals AG in Germany, Cotton Growers Services Pty. Limited in Australia and Polygal 1998 Ltd. in Israel, among others.

http://tinyurl.com/6ptf6n8

When you hear the name “Bayer” you may think immediately of their flagship product, but Aspirin is only one of many brands you’ll find on their Products A-to-Z List:

http://tinyurl.com/cyqelk

Notably missing from this list is Bisphenol-A, or “BPA”, of which Bayer is the world’s largest producer.  In the U.S., the only 5 companies producing it are Bayer, Dow, Momentive Specialty Chemicals (formerly Hexion), SABIC Innovative Plastics (formerly GE Plastics), and Sunoco, “collectively bringing in $6 billion a year in revenue from BPA alone.”

http://tinyurl.com/3o69fss

And just what is BPA?  Some sources define it as an “organic compound”, while others say it is “made from petroleum”.  And guess what?  They’re both correct!  Just like Con-Agra can legally label genetically-modified foods as “All Natural” – in the United States at least – it is acceptable in many circles to refer to petroleum as “organic”.  That should make it easy for Big Oil to “Go Green”, since it’s all just a matter of packaging:

http://tinyurl.com/84g68w6

And in the U.S. food and beverage industry, that’s just how Bisphenol-A is used.  BPA, an estrogen-mimicking chemical, is used to make plastic containers like baby bottles and to line food and drink cans.  Thousands of BPA studies have been conducted over the years, and many of them have linked the chemical to breast cancer, early puberty, infertility, obesity and a whole host of other health problems.  That was enough for the Canadian government to declare Bisphenol-A to be a toxic substance last year:

http://tinyurl.com/2439sxr

http://tinyurl.com/7pm8nxr

That has not been enough, however, for the U.S. Food & Drug Administration or our food and beverage companies to follow suit.  One reason is that some “scientific” studies of the effects of BPA exposure and consumption by people and animals have reported different results.  Studies like this recent one, which concluded that “…the available evidence indicates that BPA exposure represents no noteworthy risk to the health of the human population, including newborns and babies”:

http://tinyurl.com/8a8vf8w

And what other conclusion would one expect from such a study, when BPA producers like Bayer AG were behind it?  As CaliforniaWatch.org disclosed:

“Four authors of a new report concluding that bisphenol A is safe have ties to companies and groups that benefit from the controversial chemical.  Two of the researchers – Hermann Schweinfurth and Wolfgang Volkel – reported their affiliations in the report’s ‘declaration of interest.’  Two others – Werner Lilienblum and Peter-Jurgen Kramer – have professional websites linking them to the chemical industry…  Schweinfurth acknowledged in his declaration that he works for Bayer Schering Pharma AG, the largest producer of bisphenol A, or BPA, in Europe.  Volkel reported receiving funding from the international industry group BPA Global in the past.  Lilienblum runs a ‘consultancy for the industry.’  And Kramer describes himself as a ‘leading toxicologist in the chemical and pharmaceutical industry’ who is currently ‘developing and shaping’ toxicology in Germany and throughout Europe.”

http://tinyurl.com/88qalta

Using the tainted conclusions of Bayer-sponsored “research” like this as an excuse, profit-before-people corporations like Coca-Cola continue lining their cans with a toxic chemical that they claim to be safe while at the same time assuring the public that they are actively pursuing alternatives.  The obvious inconsistency should give you pause.  After all, if BPA is as safe as they say, then why are they looking for alternatives?

http://tinyurl.com/cs7a3z2

http://tinyurl.com/yhx5shh

BPA is not the first product Bayer continued to push on the public long after they knew it was a health hazard:

“A division of the pharmaceutical company Bayer sold millions of dollars of blood-clotting medicine for hemophiliacs – medicine that carried a high risk of transmitting AIDS – to Asia and Latin America in the mid-1980’s while selling a new, safer product in the West, according to documents obtained by The New York Times.”

http://tinyurl.com/cdyp

Actually, Bayer AG has a long history of knowingly selling chemicals that kill people.  During World War II, for example, the company was “…part of IG Farben, a conglomerate of German chemical industries that formed a part of the financial core of the German Nazi regime.  IG Farben owned 42.5% of the company that manufactured Zyklon B, a chemical used in the gas chambers of Auschwitz and other extermination camps.”

http://tinyurl.com/248zcl

You can follow the more recent atrocities of the Bayer Group at the “Coalition Against Bayer Dangers” website:

http://www.cbgnetwork.org/4.html

Related Image:

http://ldrlongdistancerider.com/images/Bayer_AG_BPA_Bisphenol-A.jpg

Related Videos:

http://www.youtube.com/watch?v=N3_cYZKksvI

http://www.youtube.com/watch?v=fPO8wIaKQ5Y

http://www.youtube.com/watch?v=7dplvb_0vqY

http://www.youtube.com/watch?v=s58hE7cXyDI

 

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This document may contain links shortened using http://tinyurl.com to facilitate emailing. If you are concerned that we would use them to cloak phishing or malware, you should open them with this: http://longurl.org. Also our thanks to the miami beach web design, miami beach web designer and miami beach web developer who support our efforts.

Mighty Monsanto, King Corn & The End of Family Farms

November 25, 2011 Leave a comment

Mighty Monsanto, King Corn & The End of Family Farms

Video 1 of 3: The World According to Monsanto

“Monsanto supplies 90 percent of the GE [genetically engineered] seeds used by the US market. Monsanto’s long arm stretched so far that, in the early nineties, the US Food and Drugs Agency even ignored warnings of their own scientists, who were cautioning that GE crops could cause negative health effects. Other tactics the company uses to stifle concerns about their products include misleading advertising, bribery and concealing scientific evidence.”

http://www.youtube.com/watch?v=YH4OwBYDQe8

Video 2 of 3: The Future of Food

“Patenting of life is now permitted, no labeling of genetically modified organisms (GMO’s) in food is required, research is conducted on these issues by universities beholden to the “agri-corps” who fund them, and the major regulatory agencies are run by former execs from these very companies.”

http://www.youtube.com/watch?v=EnD-DiDRIJA

Video 3 of 3: King Corn

“The film shows how the perception of industrialization in corn has all but eliminated the image of the family farm, which is being replaced by larger industrial farms. Cheney and Ellis suggest that this trend reflects a larger industrialization of the North American food system.”–Wikipedia

http://www.hulu.com/watch/255609/king-corn

The General Electric Company (“GE”): Misinformation at Work

November 25, 2011 Leave a comment

The General Electric Company ("GE"): Misinformation at Work

1.a. GE (the General Electric Company, founded by Thomas Edison) is one of world’s largest multinational conglomerate corporations, and ranks as the 14th most profitable company in the Fortune 500 for 2010:

http://tinyurl.com/3bvzzsq

1.b. Despite reporting 2010 worldwide profits of $14.2 billion with $5.1 billion of the total coming from its operations in the United States, GE paid no federal income taxes for that year. In fact, GE claimed a tax benefit of $3.2 billion.

http://tinyurl.com/3fbktst

2.a. GE has been one of the Top 100 federal government contractors and war profiteers for many years:

http://tinyurl.com/4vc7aez

2.b. GE has also maintained a Top 100 ranking in the Federal Contractor Misconduct Database for many years:

http://tinyurl.com/5sxt4jz

3.a. The GE “Ecomagination” PR (propaganda) program herald’s their “…commitment to imagine and build innovative solutions to today’s environmental challenges while driving economic growth.”

http://www.ecomagination.com

3.b. Historically, however, GE has always valued earnings over the environment.  The Political Economy Research Institute listed GE as the fourth-largest producer of air pollution in the U.S. in 2000, with more than 4.4 million pounds of toxic chemicals released into the air.  And according to the EPA, only the U.S. Government, Honeywell, and Chevron Corporation are responsible for producing more Superfund toxic waste sites:

http://tinyurl.com/4lh5too

4.a. Jeffrey Immelt has been CEO of GE since 2001, and a top economic advisor to U.S. President Barack Obama since 2009:

http://tinyurl.com/68hflmn

4.b. This means “Bushbama” apparently saw no reason to hold Immelt accountable for GE defrauding not only the government but its own investors repeatedly over the course of his tenure:

http://tinyurl.com/mztvfq

5.a. GE claims its “…nuclear performance services business develops innovative and proven solutions that preserve and optimize nuclear power plants.”

http://tinyurl.com/67f65u2

5.b. That claim is contradicted by the fact that GE designed the nuclear reactors that failed in Japan’s Fukushima Dai-ichi plant (of which there are 23 similar units in service in the U.S. right now), and GE placed those units in service even though one of its own scientists resigned rather than attest to their safety:

http://tinyurl.com/69yyh37

6.a. A global greed-based corporation like GE has more than a minor motivation to “manage” their public image, which is why GE has long been a major stakeholder in NBCUniversal, which in turns controls an alarmingly significant portion of what gets broadcasted on American airwaves (be sure to scan the entire list):

http://www.nbcuni.com/corporate/about-us/

6.b. So before you get led down the wrong path by righteous-sounding Judas goats like MSNBC’s Dylan Ratigan, think long and hard about who’s buttering their bread.  That should help you distinguish champion from charlatan:

http://tinyurl.com/5vncsaq

Q. Why does a greedy Kleptocrat like GE tolerate and underwrite a gaggle of “Left Wing” talking heads on MSNBC?

A. To counterbalance the “Right Wing” talking heads on Fox News, and keep us attacking each other and not THEM!

http://tinyurl.com/3owuw8m

Lockheed Martin: First in Federal Funding, First in Government Fraud

November 25, 2011 Leave a comment

Lockheed Martin: First in Federal Funding, First in Government Fraud

Part 1 of 4: Lockheed Martin, First in Federal Funding

Lockheed Martin is by many measures the U.S. government’s top contractor, raking in $16.7 billion in new contracts related to “IT products and services, systems integration, telecommunications, professional services and engineering services” in 2010 alone:

http://tinyurl.com/4vc7aez

And that is only a fraction of what they bank as the top defense contractor at the Pentagon, where on any given day they announce billions in new contracts awarded to Lockheed Martin and other members of the Military Industrial Complex:

http://www.defense.gov/Contracts/archive.aspx

Part 2 of 4: Lockheed Martin, First in Government Fraud

Lockheed Martin also ranks #1 in the Federal Contractor Misconduct Database (FCMD) of the Project On Government Oversight  (POGO) – a toothless Washington watchdog – with 57 documented cases of fraud and other illegal activities since 1995:

http://www.contractormisconduct.org/index.cfm

Lockheed Martin routinely pays fines, penalties and settlements measured in the millions.  That may create a false sense of accountability in the public’s eye, but with trillions in federal contracts at stake it’s a small price to pay:

http://tinyurl.com/3oa3osr

Part 3 of 4: For Lockheed Martin, Uncle Sam is Much More Than Just a Valued Customer

“When Lockheed Martin wanted to sell C-130 military transport planes to the government of Chad in early 2007, the U.S. embassy in N’Djamena was ready to lend a hand. Nevermind that, by the embassy’s own reckoning, the Chadian government probably could not afford the planes, was dishonest about their purpose and planned to use the aircraft to crush a pro-democracy rebellion. ‘Our conclusion is that, like it or not, our interests line up in favor of allowing the sale in some form to go forward,’ the then-ambassador wrote to the State Department.”

http://tinyurl.com/4db7pbd

Part 4 of 4: For Americans, Lockheed Martin is Much More Than Just a Defense Contractor

“Have you noticed that Lockheed Martin, the giant weapons corporation, is shadowing you?  No?  Then you haven’t been paying much attention.  Let me put it this way: If you have a life, Lockheed Martin is likely a part of it.”

“True, Lockheed Martin doesn’t actually run the U.S. government, but sometimes it seems as if it might as well.  After all, it received $36 billion in government contracts in 2008 alone, more than any company in history.  It now does work for more than two dozen government agencies from the Department of Defense and the Department of Energy to the Department of Agriculture and the Environmental Protection Agency.  It’s involved in surveillance and information processing for the CIA, the FBI, the Internal Revenue Service (IRS), the National Security Agency (NSA), the Pentagon, the Census Bureau, and the Postal Service.”

“Oh, and Lockheed Martin has even helped train those friendly Transportation Security Administration agents who pat you down at the airport. Naturally, the company produces cluster bombs, designs nuclear weapons, and makes the F-35 Lightning (an overpriced, behind-schedule, underperforming combat aircraft that is slated to be bought by customers in more than a dozen countries) – and when it comes to weaponry, that’s just the start of a long list. In recent times, though, it’s moved beyond anything usually associated with a weapons corporation and has been virtually running its own foreign policy, doing everything from hiring interrogators for U.S. overseas prisons (including at Guantanamo Bay in Cuba and Abu Ghraib in Iraq) to managing a private intelligence network in Pakistan and helping write the Afghan constitution.”

http://tinyurl.com/4wdh66z

Related Image:

http://ldrlongdistancerider.com/images/HTV-2_DARPA_Lockheed_Martin_BOONDOGGLE.jpg

Related Video:

http://www.c-spanvideo.org/program/297069-1

 

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This document may contain links shortened using http://tinyurl.com to facilitate emailing. If you are concerned that we would use them to cloak phishing or malware, you should open them with this: http://longurl.org. Also our thanks to the mobile web design, mobile web designer and mobile web developer who support our efforts.

Like the Patriot Act, There is Nothing Patriotic About the Raytheon Patriot Missile

November 25, 2011 Leave a comment

Raytheon Prisoner Produced Patriot Missiles

The prime contractor for the Patriot Air and Missile Defense System is Raytheon Integrated Defense Systems, a component of the Raytheon Company that in 2010 banked some $14.8+ billion in U.S. military and other government contracts that we are allowed to know about:

http://tinyurl.com/4g5dh63

And Raytheon’s Patriot missiles are not sold exclusively to defend the good ole Red, White and Blue.  Any country with a wad of cash and a wink from the State Department can stockpile them, including Arab nations like Kuwait and the UAE.  Osama Bin Laden’s Saudi Arabia homeland, for example, just ponied up $1.7 billion for a Patriot “upgrade”:

http://tinyurl.com/3vy5lec

Yes, this is the same Raytheon that is working on HAARP (see video below).  And along with Lockheed Martin, Boeing Company, Northrop Grumman, and General Dynamics, it ranks perennially not only as a “Big 5” defense contractor (ie. war profiteer) but also as a top offender in the Federal Contractor Misconduct Database (FCMD) maintained by the Project On Government Oversight (POGO) – a toothless Washington watchdog:

http://www.contractormisconduct.org/index.cfm

And although historically Raytheon’s false performance claims, taxpayer overcharges and contractor kickbacks have not been focused exclusively on pushing Patriots out the door, even sans irregularities the cost/benefit ratio of their flagship missile program is a real eyebrow raiser:  Even using PRISON LABORERS paid as little as 23 cents an hour in their manufacture, each Patriot missile produced sports a price tag as high as $5.9 million:

http://tinyurl.com/4bjzsbp

Julian Zdzislaw Starostecki – the Polish-born principal designer of the original Patriot missile – was himself a prisoner in the Soviet Gulag before immigrating to America after World War II.  So in a sense it would be accurate to note with irony that this icon of “freedom” was both developed and produced by prisoners.  Perhaps that explains the constrained success rate of the optimistically-named “Scud Busters” in the first Bush Gulf War, when the probability of a Patriot missile (cost: $1 to $6 million) actually taking out a Scud missile (cost: $0.22 to $1 million) was only 9 percent.

http://tinyurl.com/lwpe4

In all fairness though, we should mention that a dozen years and many billions of taxpayer dollars later the Patriot missile’s targeting accuracy was significantly better in the second Bush Gulf War, although enemy identification continued to be an issue.  Confirmed kills included:  a British Panavia Tornado of RAF Squadron 13 and crew … a U.S. Navy F/A-18C Hornet and Texas pilot Lt. Nathan Dennis White … and perhaps dozens if not hundreds more friendlies and innocents recorded only as “Collateral Damage”.

Related Image:

http://ldrlongdistancerider.com/images/Raytheon_Prisoner_Produced_Patriot_Missiles.jpg

Related Video:

http://www.youtube.com/watch?v=2ul7Q5Wcu0g

 

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This document may contain links shortened using http://tinyurl.com to facilitate emailing. If you are concerned that we would use them to cloak phishing or malware, you should open them with this: http://longurl.org. Also our thanks to the miami beach web design, miami beach web designer and miami beach web developer who support our efforts.

Who Actually Owns the Fed and Why That Must End

November 25, 2011 1 comment

Who Actually Owns the Fed and Why That Must End

Few questions of late have been asked more frequently or answered with less transparency than this one:

WHO OWNS THE FED?

The domain name for the official website is FederalReserve.gov, the “.gov” extension of which suggests that the Federal Reserve System (a.k.a. the “Fed”) is part of the United States government and therefore owned by the American taxpayers.  But that is not the case.  As the Fed itself states…

“The Federal Reserve System fulfills its public mission as an independent entity within government.  It is not ‘owned’ by anyone and is not a private, profit-making institution.  As the nation’s central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.”

http://www.federalreserve.gov/faqs/about_14986.htm

Parts of that statement are true, sort of, and parts of that statement are not.  Factcheck.org provides a better answer:

“There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks.  But the banks don’t necessarily run the show.  Nationally, the Federal Reserve System is led by a Board of Governors whose seven members are appointed by the president and confirmed by the Senate…  The concept of ‘ownership’ needs some explaining here, however.  The member banks must by law invest 3 percent of their capital as stock in the Reserve Banks, and they cannot sell or trade their stock or even use that stock as collateral to borrow money. They do receive dividends of 6 percent per year from the Reserve Banks and get to elect each Reserve Bank’s board of directors.  The private banks also have a voice in regulating the nation’s money supply and setting targets for short-term interest rates, but it’s a minority voice. Those decisions are made by the Federal Open Market Committee (FOMC), which has a dozen voting members, only five of whom come from the banks. The remaining seven, a voting majority, are the Fed’s Board of Governors who, as mentioned, are appointed by the president.”

http://www.factcheck.org/2008/03/federal-reserve-bank-ownership/

That’s a better answer, but not a totally complete or correct one.  Yes, there are 12 Federal Reserve Banks, all of which are owned by private banks, and all of which must pay dividends to their owners.  So contrary to what it claims, the Fed is not only privately-owned but a for-profit enterprise.  And yes, there *should* be 7 members of the FOMC appointed by the government and 5 appointed by the banks.  In fact, however, for unstated reasons and for some time now there have been only 5 people seated on the FRB Board of Governors, none of whom are celebrated consumer advocates…

http://www.federalreserve.gov/aboutthefed/default.htm

…which means government appointees do NOT outnumber bank appointees on the FOMC, and you can rest assured that the private banks DO “run the show”:

http://tinyurl.com/6346ltz

So the question then becomes:

WHICH PRIVATE BANKS CONTROL THE FED?

The Web is awash with lists and percentages on this one supported by nothing more than links that refer to other links that refer back to the original and often anonymous post.  A notable exception is the work of Jake Towne, who in March of 2009 applied an admittedly imperfect but plausible engineering approach to the problem and, after some extensive research and number-crunching, concluded the following:

“[The] top 4 banks – Bank of America (BAC), JP Morgan Chase, Citigroup, and Wachovia – would control roughly 50% of the stock of the Federal Reserve Bank, and the top 10 banks, including Wells Fargo (WFC), HSBC (HBC), and the Bank of New York (BK), would control over 68% of the stock.”

http://seekingalpha.com/article/123381-who-owns-the-fed

So according to Jake, whoever ultimately controls these ten banks thereby also controls the Federal Reserve:

Bank of America Corp.
JPMorgan Chase & Co.
CitiGroup
Wachovia Bank (subsequently acquired by Wells Fargo)
Wells Fargo N.A.
US Bank
State Street Corp.
HSBC Bank
Suntrust Bank
Bank of NY Mellon

TO RECAP…  The Federal Reserve System that has used its debt-based currency to exploit our economy since 1913 is a private banking cartel consisting of 12 regional Federal Reserve Banks.  Each of those banks are required to pay dividends to their shareholders, which makes them for-profit enterprises.  Those shareholders are all private banks and obviously also for-profit enterprises that exist not to maintain the welfare of humankind – or even the American subset thereof – but rather to maximize the wealth of their shareholders.

AND WHO ARE THEIR SHAREHOLDERS?

Keep tracing your way up the ownership pyramid, and you may find some have (in)famous names like Rothschild, Rockefeller or Buffett.  Others in this global elite we collectively refer to as “the 1%”.  Either way, their interests align with those of the rest of us – “the 99%” – only in the same manner as those of shepherds and the sheep that they shear in good times and slaughter in bad.

This must end.  And that is why the Fed must end.

Related Image:

http://img338.imageshack.us/img338/9514/fedmembersgraph.jpg

Related Video:

http://tinyurl.com/kleptocracytutorial

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