-- Posted Friday, 31 December 2010 | | Source: GoldSeek.com
By R. D. Bradshaw
Because of the current Rothschild Cabal imposed depression, many state and local government entities are scrambling to find new sources of revenue to support their huge taste and appetite for money. One of the prime sources of money for local government has turned out to be traffic fines and court costs for ripped off drivers who become entrapped by traffic patrolmen/state police units who are increasingly operating on quotas and vastly increased fines and costs for traffic violations.
Many states are increasing traffic fines and costs to the hundreds/thousands of dollars for speeding tickets. Not only do they have patrolmen all over the roadways, but local government entrapping people are turning to more and more advanced technology to further rip people off with cameras and other electronic sensitive devices. Our highways are now being loaded down by these measures to get every last cent they can from the public—through hook or crook.
I live near Spokane, Washington and Interstate 90. Since Montana and Idaho are liberal on speed limits, motorists from those states get into trouble on I 90 when they enter Spokane County. The Washington State police with regularity operate a speed trap along I 90 just as you enter Spokane Valley where the speed limit is 60MPH. Montana drivers especially hit this trap and of course get ticketed for huge fines and payoffs to Spokane County where a speeding violation can cost an entrapped person up to a thousand dollars.
Spokane County is so successful that the County Sheriff there was allowed to hire two additional deputies to patrol the highways on the premise that they would write enough traffic tickets to justify their salaries. Although local officials deny it, but there is evidence that more and more jurisdictions are using quotas for their traffic patrolmen. They want to be sure that they milk the public for every last cent possible.
Of course, this is helping the take through the rip off of motorists who have to pay these huge fines which are merely going to the category of court costs and fees to father subsidize the revenues of the states/counties/cities involved. But what is this doing for justice. This may look good on paper and to the greedy bureaucrats looking for more money, but it is usually not good for right and wrong. It’s just a crooked game to soak the public for more money.
This backdrop takes us to the Federal government. What are the feds doing to further rip off the public and bring on some new sources of revenue?
The Increasing Federal Moves
Just as many states have upped vehicle speeding costs to the hundreds and thousands of dollars and are putting new emphasis on traffic cops and enforcement of traffic laws, Washington, DC is finding a new way to increase their take besides just tax increases. This takes us to the US regulatory agencies which are charged by law to rein in and do something about the crooks and fraud artists which are stealing our people blind, right and left, and especially in our modern times.
While there are any number of people pursuing this fraud and rip off of the public, perhaps the worst offenders of all are turning out to be the Rothschild Cabal band of crooks and fraud artists who operate both individually (like Bernard Madoff) and in too big to fail institutions (like in the big Rothschild Cabal banks).
Rothschild Cabal bank crooks and thieves are being discovered and either accused or investigated by various federal regulatory agencies with increasing regularity. None of the crooks involved have yet to go to jail or be prosecuted as criminals in criminal courts (though they should be going to jail). Yet, their companies do not get totally off the hook. They are being made to pay or agree to pay multiplied millions/billions in settlements/fines/restitution to keep their crooked employees and agents out of jail.
This money goes largely to the Federal government—either to the regulatory agency involved or to the US Treasury. It is not clear how much we are talking about but it is in the billions of dollars in total for the last several years. This backdrop then brings up the question--are government regulators purposely not prosecuting criminals with the tacit understand that the companies involved will pay these huge fines and settlement costs to the US government to keep their people out of jail?
It seems that almost weekly we read of the discovery of a new white collar criminal in the too big to fail banks ripping off the public. I have seen no instance of any of these criminals being prosecuted for crimes and being punished in jail as criminals. In all cases, the US regulatory agency makes an investigation and discovers the criminal; but then allows the criminal’s company to pay a fine/restitution to supposedly right the wrong done by the crook to the public. This usually ends up as no big loss for the companies involved as they have government and Fed connections which allow them to soak the taxpayers for any losses they incur.
All this process does is make the dummy voters out there believe that their government regulators are cracking down when all they are doing is getting some small take from the crooked companies; but then turning around to allow the companies to receive reimbursements for their losses at the Fed or through government operations with its various bail out and assistance programs. The fraud and crooked operation merely ends up being a wash transaction as far as both the government and the too big to fail companies involved. But the dummy voters think something is being done and that’s why the government is doing it.
As far as the Rothschild Cabal companies involved, they are able to continue to steal much larger/vast sums of money ($trillions) in the rigging of the markets in comparison with the few penalties and fines they end up having to pay. So for every dollar they have to pay out in a fine, they are secretly making a million or billion times more dollars in operations which are never investigated by Cabal controlled government regulators. The few fines and penalties they have to pay out is a pittance small nothing compared to the total amount these crooked Rothschild Cabal banks are stealing in their financial operations.
If these fines/penalties were a serious issue with these companies, you can bank on it that government regulators would not be pursuing that option at all. One must remember that the US government is almost totally controlled at the top levels by the Rothschild Cabal bankers and plutocrats. What the government does is what the Cabal allows. They are allowing these petty fines and penalties to make the dumb sheep voters continue to vote for the status quo and the continuation of present policies. In other words, it’s all smoke and mirrors.
Some Examples
Here are some examples:
The August 22, 2010 www.rense.com had a report by Paul Drockton at www.moneyteachers.org on the Rothschilds and JP Morgan Chase.
Drockton wrote: (The) “thing that the Rothschild dynasty has done quite well, is hide its control over and involvement in the United States. First came the nation's financial affairs: ‘J.P. Morgan had been appointed head representative of the Rothschild interests in the United States. As the result of the London Conference, J.P. Morgan and Company of New York, Drexel and Company of Philadelphia, Grenfell and Company of London, and Morgan Harjes Cie of Paris, M.M. Warburg Company of Germany and America, and the House of Rothschild were all affiliated.’ Apparently unaware of the Peabody connection with the Rothschilds and the fact that the Morgans had always been affiliated with the House of Rothschild, Carr supposed that he had uncovered this relationship as of 1899, when in fact it went back to 1835.
“Then its political affairs: After World War I, the Round Table became known as the Council on Foreign Relations in the United States, and the Royal Institute of International Affairs in London. The leading government officials of both England and the United States were chosen from its members. In the 1960s, as growing attention centered on the surreptitious governmental activities of the Council on Foreign Relations, subsidiary groups, known as the Trilateral Commission and the Bilderbergers, representing the identical financial interests, began operations, with the more important officials, such as Robert Roosa, being members of all three groups.’
“While we have already established that the House of Rothschild was behind the establishment of the Federal Reserve Bank, it is also important to note that the Rothschilds/Bank Of England, have hidden this ownership through JP Morgan, Lehman Brothers, Kuhn-Loeb and other so-called American institutions that were funded and created by the House of Rothschild through the Bank of New York, which is owned by the Bank of England. Interestingly enough, JP Morgan received 25 billion dollars in TARP funds during the taxpayer funded bailout. Claims of paying the money back may be obfuscated by the fact that the Federal Reserve, which is owned in part by JP Morgan, possibly lent them the money to pay back the government. It is further obfuscated by the fact that the SEC has now closed its books, and is unwilling to honor any Freedom of Information Act requests from myself or any other investigative journalists.”
In a detailed look at JP Morgan Chase, Drockton wrote of just some of its investment banking operations which led to financial scandals and charges of misconduct by Chase/its employees in recent years. For example, Drocton wrote:
“Enron: ‘Chase paid out over $2 billion in fines and legal settlements for their role in financing Enron Corporation, which collapsed amid a financial scandal in 2001. In 2003, Chase paid $160 million in fines and penalties to settle claims by the Securities and Exchange Commission and the Manhattan district attorney’s office. In 2005, Chase paid $2.2 billion to settle a lawsuit filed by investors in Enron.’ (Ibid)
“WorldCom: ‘J.P. Morgan Chase, which helped underwrite $15.4 billion of WorldCom's bonds, agreed in March 2005 to pay $2 billion; that was 46 percent, or $630 million, more than it would have paid had it accepted an investor offer in May 2004 of $1.37 billion. J.P. Morgan was the last big lender to settle. Its payment is the second largest in the case, exceeded only by the $2.6 billion accord reached in 2004 by Citigroup. In March 2005, 16 of WorldCom's 17 former underwriters reached settlements with the investors.’ (ibid). An Investment Bank is the ‘underwriter’ or link between a company and the financial markets. Investment Banks help companies raise capital through stock and bond offerings. In theory they have a responsibility to investors to make sure that they are not buying worthless paper. The failure to do so can and does lead to fines, lawsuits, and charges of fraud.
“Even more intriguing is JP Morgan Chase's role in the derivatives market and Hedge Funds.
“Jefferson County, Alabama: In November 2009, J.P. Morgan Chase & Co. agreed to a $722 million settlement with the U.S. Securities and Exchange Commission to end a probe into sales of derivatives that helped push Alabama’s most populous county to the brink of bankruptcy. The settlement came a week after Birmingham, Alabama Mayor Larry Langford was convicted on 60 counts of bribery, money laundering, and tax evasion related to bond swaps for Jefferson County, Alabama. The SEC alleged that J.P. Morgan, which had been chosen by the county commissioners to underwrite the floating-rate sewer bond deals and provide interest-rate swaps, had made undisclosed payments to close friends of the commissioners in exchange for the deal. J.P. Morgan then allegedly made up for the costs by charging higher interest rates on the swaps. (ibid)
“And its leveraged buy-out of Bear Stearns: ‘The ‘rescuer’ was not actually JPMorgan but was the Federal Reserve, the ‘bankers’ bank’ set up by J. Pierpont Morgan to backstop bank runs; and the party ‘rescued’ was not Bear Stearns, which wound up being eaten alive. The Federal Reserve (or ‘Fed’) lent $25 billion to Bear Stearns and another $30 billion to JPMorgan, a total of $55 billion that all found its way into JPMorgan’s coffers. It was a very good deal for JPMorgan and a very bad deal for Bear’s shareholders, who saw their stock drop from a high of $156 to a low of $2 a share. Thirty percent of the company’s stock was held by the employees, and another big chunk was held by the pension funds of teachers and other public servants. The share price was later raised to $10 a share in response to shareholder outrage and threats of lawsuits, but it was still a very ‘hostile’ takeover, one in which the shareholders had no vote.
“The deal was also a very bad one for U.S. taxpayers, who are on the hook for the loan. Although the Fed is privately owned, the money it lends is taxpayer money, and it is the taxpayers who are taking the risk that the loan won’t be repaid. The loan for the buyout was backed by Bear Stearns assets valued at $55 billion; and of this sum, $29 billion was non-recourse to JPMorgan, meaning that if the assets weren’t worth their stated valuation, the Fed could not go after JPMorgan for the balance. The Fed could at best get its money back with interest; and at worst, it could lose between $25 billion and $40 billion. In other words, JPMorgan got the money ($55 billion) and the taxpayers got the risk (up to $40 billion), a ruse called the privatization of profit and socialization of risk. Why did the Fed not just make the $55 billion loan to Bear Stearns directly? The bank would have been saved, and the Fed and the taxpayers would have gotten a much better deal, since Bear Stearns could have been required to guaranty the full loan.’”
But JP Morgan Chase is not the lone ranger in fraud and corruption (which never gets prosecuted). The Bank of America has been in the news many times over in the past several years for all kinds of complaints and allegations of fraud and corruption. To show how our too big to fail banks and their supposedly regulatory agencies operate, here is just one recent story from the Dec 10, 2010 London Daily Mail on National Debt & Deficit Portal. Bailout News. QE - The New American Bloodsport. This report noted that “Jamie Dimon thinks about the culture of fraud he's built at Chase. Bid-rigging always seems like such an easy game. At least until someone at Bank of America gets scared and starts talking to the Feds…”
Thereupon, the Mail cited Bloomberg and an agreement that Bank of America had made with the US Justice Department to pay $137 million in restitution for taking part in a nationwide bid-rigging conspiracy for municipal-investment contracts. Thus, Bank of America got off the hook by paying this $137 million and presumably telling what it and the other too big to fail banks have been doing to the people of the United States and the world.
As the Mail reported, this thing was only the tip of the iceberg and added that the government had identified more than a dozen firms—including JPMorgan Chase & Co., UBS AG, and Societe Generale as unindicted co-conspirators in a criminal case brought by the Justice Department against a Los Angeles investment broker. JPMorgan, UBS, a unit of General Electric Co. and a former subsidiary of Belgian bank Dexia SA have also reported in regulatory filings that they face civil suits by the U.S. Securities and Exchange Commission.
Please notice that the big thing faced by the crooks operating with the companies face “civil suits,” not criminal actions that could send them to jail. The Mail also quoted Andrew Gavil, a law professor at Howard University in Washington, D.C., who said that other conspirators (besides Bank of America) may pay much higher penalties. Again please note the word penalties and not criminal charges sending anyone to jail.
And now for months following the BP-US Government pollution of the Gulf of Mexico, the government has had on again and off again investigations of BP and its colleague businesses. While it seems very clear that no one will be prosecuted and sent to jail, there is a high probably that BP or one its ally businesses will be hit with a big fine. Such a move will pacify the dummies out there who keep voting for the status quo. Soon, we can all forget about BP and go back to sleep.
Yes, the name of the game will not be to prosecute the crimes and criminals; but rather file some civil complaints and sock their companies with some fines and penalties. This will allow the criminal crooks to beat the rap as their too big to fail companies pay off the fines as restitution. The Mail article then quoted William Black with Dylan Ratigan who said: "There Is Bank Fraud Everywhere And BERNANKE Is Leading The Cover-Up."
The Bottom Line
Yes, it seems that our modern times is producing crooks and bank fraud artists at the highest levels who are ripping off our people, right and left, and they never seem to get prosecuted for criminal acts. They are let off the hook if their companies agree to pay some fine or penalty. Admittedly, this pay off process may or may not help the Treasury; but what about justice and right and wrong? Of course, even if these white collar criminals were to be prosecuted the worse jails they would face would be the special country club prisons operated to make jail time easy for white collar crooks. These country club jails are far different places than the usual jails used for the rest of the American society.
And what about the innocent people who have been ripped off and stolen from by these professional criminals linked to the Rothschild Cabal gang of thieves and bandits? Is there any justice in these maneuvers? Why should these crooks be allowed to manipulate the financial markets and steal billions (like in the gold and silver markets) from me and you and never face any criminal complaints over conspiracy, fraud and crooked dealings? While the government regulators may call these petty fines and penalties restitution, what about restitution to me, you and the rest of people in the public domain who have been ripped off, cheated and defrauded by the Rothschild Cabal gang of banking crooks and thieves?
What about the people of Jefferson County, Alabama and their losses to the big Rothschild Cabal banks? Where is their restitution? What about the victims of Bear Stearns, Worldcom, Enron, municipal investment contracts and Washington Mutual (as reported upon in the Goldsmiths 98, 104, 110, 123, 130, 137 and 141)? Where is their restitution? What about you, me and all of us who have lost money in the Rothschild Cabal manipulated markets? Where is our restitution? What about the people of the US whose currency is being manipulated and destroyed daily by the Rothschild Cabal in order to put money into the pockets of its too big to fail banks? Where is the restitution to our people and the restitution to our children who no longer have a future thanks to the Rothschild Cabal of crooks and bandits? Where is our restitution?
____________________________________________________________________
Back issues of the Goldsmiths, by the editor of the Analysis of News, can be accessed from a Google or Yahoo search engine by typing in “R. D. Bradshaw” Goldsmiths. Several hundred web sites can be found with the back issues and with translations to Spanish, Italian, German, Dutch, Polish, Chinese, Japanese, Indonesian, Serbian, and other foreign languages. Finally, the “Archives-Goldsmiths” of this website (www.analysis-news.com ) has all of the Goldsmith articles issued to date.
Besides the revelations contained in the Goldsmiths’ articles, the work of the plutocratic financial market manipulators to conspiratorially manipulate and control the financial markets (to make more profits and install a world government under their management) is also addressed at length in the periodic analysis of the news and in other articles produced at www.analysis-news.com. This website has an article of interest to any person interested in understanding the market Manipulators. It is the Hidden Secret of the Manipulators, why they succeed and how to follow their manipulations.
Readers of the above articles are invited to visit www.analysis-news.com and become a subscriber to regularly read some of the material from the world of information which will further reveal how extensive the manipulation, control and dishonesty realities are in the financial, currency and commodity markets, not only in the US but indeed around the world. To go to the Home Page of this web site, click here: www.analysis-news.com.
-- Posted Friday, 31 December 2010 | Digg This Article
| Source: GoldSeek.com
