-Caveat Lector-
Begin forwarded message:
From: [EMAIL PROTECTED]
Date: September 4, 2007 11:18:59 AM PDT
To: [EMAIL PROTECTED]
Cc: [EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED],
[EMAIL PROTECTED]
Subject: Bush, Bechtel & “the Boys” + Rothschilds USA = Financial
Coup d’Etat *1998*
Catherine Austin Fitts' Mapping the Real Deal
A Serialised Story (publishing August/September 2007)
Mapping The Real Deal is a column on Scoop supervised by Catherine
Austin Fitts.
Ms Fitts is the President of Solari, Inc. http://www.solari.com/.
Ms. Fitts is the former Assistant Secretary of Housing-Federal
Housing Commissioner during the first Bush Administration, former
managing director and member of the board of directors of Dillon
Read & Co. Inc. and President of The Hamilton Securities Group, Inc.
Dillon Read & Co. Inc.
and the Aristocracy of Stock Profits
By Catherine Austin Fitts
http://www.scoop.co.nz/stories/HL0708/S00302.htm#2
Why I Wrote This Story
I made the decision to write “Dillon, Read & Co. Inc. and the
Aristocracy of Stock Profits” in the middle of a vegetable garden
in Montana during the summer of 2005. I had come to Montana to
develop a venture capital model to support a healthier, fresher
local food supply. If we want clean water, fresh food, sustainable
infrastructure, and healthy communities, we are going to have to
finance and govern these resources ourselves. We cannot invest in
the stocks and bonds of large corporations, banks and governments
that are harming our food, water, environment and all living things
and then expect these resources to be available when we need them.
Surviving and thriving as a free people depends on creating and
transacting with currencies and investments other than those
printed and manipulated by Wall Street and Washington to the
eventual end of our rights and assets.
What I found in Montana, however, was what I have found in
communities all across America. We are so financially entangled in
the federal government and large corporations and banks that we
cannot see our complicity in everything we say we abhor. Our social
networks are so interwoven with the institutional leadership —
government officials, bankers, lawyers, professors, foundation
heads, corporate executives, investors, fellow alumni — that we
dare not hold our own families, friends, colleagues and neighbors
accountable for our very real financial and operational complicity.
While we hate "the system," we keep honoring and supporting the
people and institutions that are implementing the system when we
interact and transact with them in our day-to-day lives. Enjoying
the financial benefits and other perks that come from that intimate
support ensures our continued complicity and contribution to
fueling that which we say we hate.
Standing among the beautiful vegetables and flowers that Montana
summer day, I was facing the futility of trying to craft investment
solutions without some basic consensus about the economic tapeworm
that is killing us and all living things — while we blindly feed
the worm. In a world of economic warfare, we have to see the
strategy behind each play in the game. We have to see the economic
tapeworm and how it works parasitically in our lives. A tapeworm
injects chemicals into a host that causes the host to crave what is
good for the tapeworm. In America, we despair over our
deterioration, but we crave the next injection of chemicals from
the tapeworm.
With this in mind, I decided to write “Dillon Read & Co Inc. and
the Aristocracy of Stock Profits” as a case study designed to help
illuminate the deeper system. It details the story of two teams
with two competing visions for America. The first was a vision
shared by my old firm on Wall Street — Dillon Read — and the
Clinton Administration with the full support of a bipartisan
Congress. In this vision, America's aristocracy makes money by
ensnaring our youth in a pincer movement of drugs and prisons and
wins middle class support for these policies through a steady and
growing stream of government funding and contracts for War on Drugs
activities at federal, state and local levels. This consensus is
made all the more powerful by the gush of growing debt and
derivatives used to bubble the housing and mortgage markets,
manipulate the stock and precious metals markets and finance
trillions missing from the US government in the largest pump and
dump in history — the pump and dump of the entire American economy.
This is more than a process designed to wipe out the middle class.
This is genocide — a much more subtle and lethal version than ever
before perpetrated by the scoundrels of our history texts.
This case study provides a detailed example of the financial
kickback machinery that makes the process go. It works something
like this. A group of executives and investors start a company.
Rather than build a business the old fashioned way, company profits
are pumped up with government legislation, contracts, regulation,
financing, subsidies and/or enforcement. This dramatically
increases the value of the company's financial equity. The company
and its initial investors then sell their stock at a profit. Such
profits replenish contributions made to the kind of politicians who
can arrange such government benefits. Such profits also fund
philanthropy to foundations and universities that have large
endowments that invest along side the investors. These tax-exempt
organizations provide graduates to staff positions in the game,
intellectual justification to attract popular support and photo
opportunities which bestow legitimacy and social stature. Personnel
cycle through the management and boards of business, government and
academia, as real productivity falls and government deficits grow.
The second vision was shared by my investment bank in Washington —
The Hamilton Securities Group — and a small group of excellent
government civil servants and appointees who believed in the power
of education, hard work and a new partnership between people, land
and technology. This vision would allow us to pay down public and
private debt and create new business, infrastructure and equity. We
believed that new times and new technologies called for a revival
that would permit decentralized efforts to go to work on the hard
challenges upon us — population, environment, resource management
and the rapidly growing cultural gap between the most
technologically proficient and the majority of people. We believed
that private and public capital should flow to that which was most
economically productive rather than be mixed in a complex cocktail
of insider deals designed to hollow out the American economy and
culture.
My hope is that “Dillon, Read & the Aristocracy of Stock Profits”
will help you to see the game sufficiently to recognize the
dividing line between two visions. One centralizes power and
knowledge in a manner that tears down communities and
infrastructure as it dominates wealth and shrinks freedom. The
other diversifies power and knowledge to create new wealth through
rebuilding infrastructure and communities and nourishing our
natural resources in a way that reaffirms our ancient and deepest
dream of freedom.
My hope is that as your powers grow to see the financial game and
the true dividing lines, you will be better able to build networks
of authentic people inventing authentic solutions to the real
challenges we face. My hope is that you will no longer invite into
your lives and work the people and organizations that sabotage real
change. If enough of us come clean and hold true to the intention
to transform the game, we invite in the magic that comes in
dangerous times.
Yes, there is a better way and, yes, we can create it.
*************
*************
Table of Contents
Introduction. Why I Wrote This Story
I made the decision to write “Dillon, Read & Co. Inc. and the
Aristocracy of Stock Profits” in the middle of a vegetable garden
in Montana during the summer of 2005.
.
.
.
.
1. Brady, Bush, Bechtel & “the Boys”
Dillon Read’s Chairman, Nicholas F. Brady, was considered one of
George H. W. Bush’s most intimate friends and advisors ...
.
.
.
.
2. A Rothschild Man
The French Rothschilds, in response to the nationalization of
Banque Rothschild by President Mitterrand, moved significant
operations
and focus to the U.S. ...
.
.
.
.
3. RJR Nabisco
In 1984 and 1985, Dillon Read helped RJR merge with Nabisco Brands,
making the combined RJR Nabisco one of the world’s largest consumer
products corporations ...
.
.
.
.
4. Narco Dollars in the 1980s — Mena, Arkansas; South Central L.A.
Gary Webb’s "Dark Alliance" story was persuasive that the U.S.
government and their allies were involved in narcotics trafficking ...
.
.
.
.
5. Leveraged Buyouts
Perhaps KKR had simply sheltered one of the worlds premier money
laundering networks and, behind the veil of a private company,
taken this network to a whole new level ...
.
.
.
.
6. A Parting of the Ways
That was when I decided that we might be losing sight of the line
between financial engineering and financial fraud. I left the
boardroom to make a call to Washington, D.C. There was nothing else
to learn at Dillon Read ...
.
.
.
.
7. “HUD is a Sewer”
When I told Nick Brady in 1989 that I was going to work at HUD, he
said, “You can’t go to HUD — HUD is a sewer.”
.
.
.
.
8. Dillon’s Investment in Cornell
To understand Dillon’s investments in Cornell it is essential to
understand who governed Dillon Read, who at Dillon invested
personally, as well as who at Dillon helped to govern the venture
funds that invested in Cornell ...
.
.
.
.
9. Cornell Corrections
Cornell arranged for the prison to be constructed by Brown & Root
of Houston, Texas, a subsidiary of Halliburton.
.
.
.
.
10. The Clinton Administration: Progressives for For-Profit Prisons
The Clinton Administration took the groundwork laid by Nixon,
Reagan and Bush and embraced the promotion of federal support for
police, enforcement and the War on Drugs with a passion that was
hard to understand ...
.
.
.
.
11. Hamilton Securities Group
One of Hamilton Securities’ goals was to map out how the flows of
money worked in the U.S. and create software tools that would make
this information accessible to communities ...
.
.
.
.
12. A Note on Protecting the Brand with Dirty Tricks
The supremacy of the central banking-warfare investment model that
has ruled our planet for the last 500 years depends on being able
to combine the high margin profits of organized crime with a low
cost of capital ...
.
.
.
.
13. “You are Going to Prison” — 1996
One day I was a wealthy entrepreneur with a successful business and
money in the bank. The next day I was hunted, business assets
seized, living through eighteen audits and investigations, a smear
campaign directed not just at me but also members of my family ...
.
.
.
.
14. Enforcement Terrorism — 1997
My favorite Judge Sporkin quote was his retort from the bench,
something to the effect of “I disagree with the law and if you have
a problem with that, take it up with Congress.”
.
.
.
.
15. Dillon Read — Cashing Out on Cornell
These are the kind of profits you get when you buy stock for a
price of $3.8 million and several years later sell that stock for
$29.9 million — or an almost 800% increase on your investment ...
.
.
.
.
16. Financial Coup d’Etat — 1998
In June of 1999, Richard Grasso, Chairman of the New York stock
exchange, went to Colombia to visit a Revolutionary Armed Forces
of Colombia Commander to encourage him to reinvest in
the New York Stock Exchange ...
.
.
.
.
17. Private Banking & the Profitable Liquidation of Every Place
An all-to-familiar impersonal financial mechanism was now in place
that created yet another incentive system with global reach, to
drive the financial returns of investors up by driving down the
Popsicle Index of faceless people and communities, far removed.
.
.
.
.
18. Through the Via Dolorosa
The Via Dolorosa is the street in the Old City of Jerusalem which
Jesus is said to have walked on the way to his crucifixion. It
means “the way of grief.”
.
.
.
.
*************
Get a sneak peek of the all-new AOL.com.
www.ctrl.org
DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substance—not soap-boxing—please! These are
sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.
Let us please be civil and as always, Caveat Lector.
========================================================================
Archives Available at:
http://www.mail-archive.com/[email protected]/
<A HREF="http://www.mail-archive.com/[email protected]/";>ctrl</A>
========================================================================
To subscribe to Conspiracy Theory Research List[CTRL] send email:
SUBSCRIBE CTRL [to:] [EMAIL PROTECTED]
To UNsubscribe to Conspiracy Theory Research List[CTRL] send email:
SIGNOFF CTRL [to:] [EMAIL PROTECTED]
Om
