Tax, Fundations and the consequences on American Economy

Discussion in 'Economics' started by harrytrader, Nov 8, 2003.


    "The best way for the Rockefeller-Morgan Insiders to eliminate growing competition was to impose a progressive income tax on their competitors while making sure the law contained built-in escape hatches for themselves. Actually, very few of the proponents of the graduated income tax realized they were playing into the hands of those they were seeking to control. As Ferdinand Lundberg notes in The Rich And The Super rich:

    What it [the income tax] became, finally, was a siphon gradually inserted into the pocketbooks of the general public. Imposed to popular huzzahs as a class tax, the income tax was gradually turned into a mass tax in a jujitsu turnaround ....

    The Insiders' principal mouthpiece in the Senate during this period was Nelson Aldrich of Rhode Island, the maternal grandfather of Nelson Aldrich Rockefeller. Lundberg says that "when Aldrich spoke, newsmen understood that although the words were his, the dramatic line was surely approved by 'Big John' [D. Rockefeller] . . . .- In earlier years Aldrich had denounced the income tax as -communist and socialistic,- but in 1909 he pulled a dramatic and stunning reversal. The American Biographical- Dictionary comments:

    just when the opposition had become formidable he (Aldrich) took the wind out of its sails by bringing forward, with the support of the President (Taft) a proposed amendment to the Constitution empowering Congress to lay income taxes.

    The escape hatch was ready. By the time the Amendment had been approved by the states, the Rockefeller Foundation was in full operation. The careful orchestration of both parts of the campaign represents one of the most successful financial coups in history. The money the Rockefellers have made by it is incalculable.

    By exempting themselves from the burden they forced on their competitors, the Rockefellers were able to operate in a world of near laissez-faire capitalism while foisting the weight of more and more socialism on their competitors. It is the equivalent of a sprinter forcing every other runner in a race to carry a sixteen-pound shot.

    Backing the graduated income tax had another timely advantage for old John. It was about the same time that Judge Kenesaw Landis was ordering the breakup of the Standard Oil monopoly. Wily John D. was able to kill several flying feathered creatures with a single hard object. He not only avoided taxes by creating four great tax exempt foundations; he used them as repositories for his -divested- interests in the various Standard Oil entities. In the switch, Rockefeller had made his assets non-taxable so that they might be passed down through generations without being ravaged by the estate and gift taxes which everyone else had to pay. As Lundberg observed, old John D. planned ahead.

    Each year the Rockefellers can dump up to half their incomes into their pet foundations and deduct the "donations" from their income tax. Nelson admitted at the confirmation hearings:" . . the foundation pays no capital gains tax and no income tax so those funds can continue to multiply. They not only can, they do.

    Having the foundations as a tax-free piggy bank is only one of the advantages they provide the family. As Business Week has observed: -"The real motive behind most private foundations is keeping control of wealth. "In the foundation world, where - not for profit- really means not-for- taxation,- one exchanges ownership for control.

    The Rockefellers have further advantages with their foundations. They can buy, sell or hold real estate, stocks and other securities. Congressman Wright Patman, chairman of the House Banking Committee, has charged that the Rockefellers and other foundations act in concert, using their enormous portfolios to perform maneuvers which used to be known indelicately as -rigging the market.-

    So powerful have the major foundations become that the Patman Committee concluded: "Unquestionably, the economic life of our Nation has become so intertwined with foundations that unless something is done about it they will hold a dominant position in every phase of American life."
  2. Not astonishing then that they need also to create a socialist mentality for that tax burden to be maintained

    "The Carnegie and Rockefeller foundations had jumped into the financing of education and the social sciences with both Left feet. For example, the foundations (principally Carnegie and Rockefeller) stimulated two-thirds of the total endowment funding of all institutions of higher learning in America during the first third of this century. During this period the Carnegie-Rockefeller complex supplied 20 % of the total income of colleges and universities and became in fact, if not in name, a sort of U.S. Ministry of Education. The result was a sharp Socialist-Fascist turn. As Rene Wormser, Counsel for the Reece Committee, reports:

    A very powerful complex of foundations and allied organizations has developed over the years to exercise a high degree of control over education. Part of this complex, and ultimately responsible for it, are the Rockefeller and Carnegie groups of foundations.

    These foundations were, by way of grants amounting to hundreds of millions of dollars, responsible for the nationwide acceptance of avowed socialist John Dewey's theories of progressive education and permissiveness -the products of which have been marching on our college campuses for the past two decades.

    Traditionalist teachers, who had been strongly resisting Deweyism, were swamped by education propagandists backed with a flood of Rockefeller-Carnegie dollars. At the same time the National Education Association, the country's chief education lobby, was also financed largely by the Rockfellers and Carnegie foundations.

    It, too, threw its considerable weight behind the Dewey philosophies. As an NEA report maintained in 1934:

    A dying laissez-faire must be completely destroyed and all of us, including the "owners," must be subjected to a large degree of social control.

    Since America's public school system was decentralized, the foundations had concentrated on influencing schools of education (particularly Columbia, the spawning ground for Deweyism), and on financing the writing of textbooks which were subsequently adopted nationwide. These foundation-produced textbooks were so heavily slanted in favor of socialism that Wormser concluded:"- It is difficult to believe that the Rockefeller Foundation and the National Education Association could have supported these textbooks. But the fact is that Rockefeller financed them and the N.E.A. promoted them very widely.-"
  3. "Religion is also an important molder of public opinion.

    For many years the Rockefeller Dynasty has bankrolled the Union Theological Seminary of New York, which has done so much to turn the clergy towards state socialism fascism, and to destroy the tenets of traditional Christianity. The highly influential seminary is known for turning out " Christian-Communists.

    The family's chief religious philanthropy for a number of years was the notorious Federal Council of Churches, which was pronounced by US Naval Intelligence in 1936 as one of the most dangerous, subversive organizations in the country. According to Naval Intelligence:

    It is a large radical -pacifist- organization, and probably represents 20,000,000 Protestants in the United States. However, its leadership consists of a small group which dictates its policies. It is always extremely active in any matters against national defense.

    In its many official pronouncements, the Federal Council attacked free enterprise, capitalism and the American way of life, and boldly advocated Socialism. In an official report in 1932,the Federal Council stated:

    " The Christian ideal calls for hearty support of a planned economic system.... It demands that cooperation shall replace competition as a fundamental method."
  4. ===
    With all due respect Harrytrader, interesting read;
    actually book of Proverbs & whole counsel teaches capitalism, free enterprize.

    Sounds like Navy intelligence is right.

    J.P. Morgan quipped, when President Teddy Roosevelt went on safari''I pray the lion does his duty''
    -Timberlines 2003, Fall mag.

    Give me a central bank and a kindergarten ;
    and I'll rule the world'' - Napolean
    Got any other quotes from Napolean???

  5. maxpi


    Interesting read Harry. If something is screwed up than go looking for who wants it that way. In this case it leads to the Rockefellers. Maybe one of them is the Anti-Christ?

    I heard that they declared themselves sovereign and that anybody in the US could do the same and pay no taxes at all.

  6. Moderator Gregg;
    I assume that foundational law or rule of elite trader is still the same;

    one can mention a company or website once and after that it is considered ads and requires payment???

    Baron posted that foundational rule a long time ago.
  7. I'm not a believer in any God, what I know is the facts and that every important facts from past to today link with the Rockfeller. Besides from facts look at Rockfeller's position today: he is at the head of the Bank of New York which is the Chief Bank of the twelve banks that compose the FED. Since the Fusion with JP Morgan it is now the first bank of the World. Well if it stops there it's still ok - of course he also has huge control of Petroleum sector since his origin of wealth. But what is this guy doing at the head of the CFR, the Council of Foreign Relation which controls the NSA which control itself the CIA. And the CFR also "advice" if not ordered government policy. He is also at the head of the International Organisations like the Trilateral which dictates the International Law and World Democracy. Do you think that it is for American interests ? No in the trilateral there are 2/3 of Europeans and Europe is already socialist and that's what they want America to become also, worst it's a kind of socialism that hasn't much to do with the socialism that people think it is, he uses socialism as a path to communism/fascism which appear to be extreme but in fact the extremes rejoin. He uses both Bush at right wing and extreme left forces to oppose themselves whereas they are creating the ideal substratum for the regim of "total order" it doesn't matter if it is left or right : that had a name in the past National-Socialism which is exactly the Union of Right and Left wings both fascist. True Democrats as well as true Liberals should be able to see the difference but some if not the majority seem to reason with only labels or like in a catch ring : they care about appearances and not about the profound significance that hide behind words.

  8. It is the same Rockfeller's Bank with others (same in Europe so it's a global affair in fact) that has transfered America's Wealth and Debt for TRILLIONS into the Hand of the Criminals of the planet. Imagine what kind of ideas these criminals can have one day.

    "Dirty Money" Foundation of US Growth and Empire - Size and Scope of Money Laundering by US Banks From La Journada [Mexico], 5/19/01, [Reprinted with permission, James Petras]


    James Petras - Professor of Sociology, Binghamton University

    -- There is a consensus among U.S. Congressional Investigators, former bankers and international banking experts that U.S. and European banks launder between $500 billion and $1 trillion of dirty money each year, half of which is laundered by U.S. banks alone. As Senator Carl Levin summarizes the record: "Estimates are that $500 billion to $1 trillion of international criminal proceeds are moved internationally and deposited into bank accounts annually. It is estimated that half of that money comes to the United States".

    Over a decade then, between $2.5 and $5 trillion criminal proceeds have been laundered by U.S. banks and circulated in the U.S. financial circuits. Senator Levin's statement however, only covers criminal proceeds, according to U.S. laws. It does not include illegal transfers and capital flows from corrupt political leaders, or tax evasion by overseas businesses. A leading U.S. scholar who is an expert on international finance associated with the prestigious Brookings Institute estimates "the flow of corrupt money out of developing (Third World) and transitional (ex-Communist) economies into Western coffers at $20 to $40 billion a year and the flow stemming from mis-priced trade at $80 billion a year or more. My lowest estimate is $100 billion per year by these two means by which we facilitated a trillion dollars in the decade, at least half to the United States. Including the other elements of illegal flight capital would produce much higher figures. The Brookings expert also did not include illegal shifts of real estate and securities titles, wire fraud, etc.

    In other words, an incomplete figure of dirty money (laundered criminal and corrupt money) flowing into U.S. coffers during the 1990s amounted to $3-$5.5 trillion. This is not the complete picture but it gives us a basis to estimate the significance of the "dirty money factor" in evaluating the U.S. economy. In the first place, it is clear that the combined laundered and dirty money flows cover part of the U.S. deficit in its balance of merchandise trade which ranges in the hundreds of billions annually. As it stands, the U.S. trade deficit is close to $300 billion. Without the "dirty money" the U.S. economy external accounts would be totally unsustainable, living standards would plummet, the dollar would weaken, the available investment and loan capital would shrink and Washington would not be able to sustain its global empire. And the importance of laundered money is forecast to increase. Former private banker Antonio Geraldi, in testimony before the Senate Subcommittee projects significant growth in U.S. bank laundering. "The forecasters also predict the amounts laundered in the trillions of dollars and growing disproportionately to legitimate funds." The $500 billion of criminal and dirty money flowing into and through the major U.S. banks far exceeds the net revenues of all the IT companies in the U.S., not to speak of their profits. These yearly inflows surpass all the net transfers by the major U.S. oil producers, military industries and airplane manufacturers. The biggest U.S. banks, particularly Citibank, derive a high percentage of their banking profits from serving these criminal and dirty money accounts. The big U.S. banks and key institutions sustain U.S. global power via their money laundering and managing of illegally obtained overseas funds.
  9. And it the same Political Power that allow Law for Criminals to prosper at the expense of the huge majority of honest people that lose their jobs and money because of these criminals !

    Released in 2001
    "FALSE WITNESS" Released on August, 2001. False Witness is fiction based on true events. In some cases the names have been changed to protect the guilty. In South Florida anything is possible. It is the end of the criminal funnel, where sooner or later all the major crimes and criminals wind up, basking in the sun, in the Southern end of the great state of Florida. The allure of easy money, endless sunshine, long white-sand beaches that snake the coast for miles, bikini clad women and windsurfing tan men.

    In this story the FAA and the DEA raid a stolen aircraft chop-shop. They are surprised to learn it is a rogue U.S. Customs operation. They are also unaware that the illegal secret operation is sanctioned from the highest levels of U.S. political power. One man decides to defy them and that's when the action starts.

    The story includes a new subject, the theft and re-selling of small aircraft, which in reality is a major business. The story takes us from the secret sweaty dens of iniquity in South Florida, to the mysterious Great Swamp-The Everglades, to a hot nightclub in Little Havana, and finally to the island of Cuba, where we learn that Fidel and his brother Raul are up to their ears in all forms of crime and contraband.

    Cuba is the new official 'Criminal Free Zone', a high tech free-trade illegal global marketplace, designed to accommodate the new breed of global criminal. A tropical home for world wide desperadoes, international criminals, who need a global 'Free Trade Zone' an open marketplace facility for their criminal enterprises. This includes: storage and repair for stolen aircraft, arms running, drug warehouses, the sale of stolen advanced computer contraband and modern hotels and pleasure palaces for the new global criminals to meet and conspire, with no threat from the long arm of law enforcement.

    One man is thrust into this world through no fault of his own. He is crossed and double-crossed by the U.S. Government until he has to take matters into his own hands, and that's where the action spirals, as he falls deeper and deeper into a complicated web of deceit.

    This book is the basis for the headlines yet to come as the world is about to witness its first glimpse at how "global gangsters" and crooked men and women of great international political power really work.
  10. Could you imagine that this criminal money now "far exceeds the net revenues of all the IT companies in the U.S. and all the net transfers by the major U.S. oil producers, military industries and airplane manufacturers ?"

    Do you think that this dirty money will wait for your 401K when you will need it ? They will do like they did in Japan: they will retire before the Baby Boom retire. As you can foresee it is not a question of moral but of direct consequence for the life and quality of life of the majority of americans - and also europeans since europe depends on America and that it is touched by the same level of corruption.
    #10     Nov 15, 2003