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Banks: Are they really the bad guys? (Clint Richardson)
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Big Boss



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PostPosted: Thu Jan 12, 2012 11:03 pm    Post subject: Banks: Are they really the bad guys? (Clint Richardson) Reply with quote

Another tidbit by Clint Richardson concerning the Banks. Interesting reading. Wondered what others may think about his article posted below.

Quote:
Banks: Are they really the bad guys?
By admin

We are constantly bombarded in print, radio, and other media that banks have somehow taken over and are the most evil of institutions.

We hear that banks have taken over everything, even our own government, with their money printing and interest loaning schemes.

We even hear that they control the economy, and that they make the decisions as to what will happen to the economy, as if the whole world is simply hanging off of the simple pen stroke of the Federal Reserve or the less than humble “mayor” of banking, Sir Rothschild and sons.

But are these stories true?

Are the banks indeed above the law and in control?

Well… the short answer is absolutely not!

The long answer, however, will take some doing…

–≈–

National Banks Are Made By The Government!

–≈–

National banks in the United States are” chartered” by the Federal Government of the United States. And, just like any other corporation in the Corporation that is United States Incorporated (government), these banks are controlled and regulated by said government. To suggest that banks are above the government or have control over said government is ridiculous, since these banks are U.S. Corporations. If you start a corporation, your business will be under the same regulations of Federal and State tyranny. And, as long as you cooperate, pay your taxes, and never interfere with the governments “take” in the form of profits and ownership in its investment held corporations (all Fortune 500 corporations and most major international corporations), you can run your little business as you wish within the limitations and constraints of government corporate law.

So what makes you think that national banks and the Federal Reserve are any different?

They too are government chartered, regulated by, and must follow the laws set forth by the Federal government: though they often bypass state laws since Federal statute allows for banks to follow only the usury laws of the state they are incorporated within (which is why the majority of banks are incorporated in Delaware).

So to suggest that banks have somehow gotten out of control or that they are running the government is preposterous!

And here’s why…

–≈–

The Government Owns These Banks Through Collective Stock Investment!

–≈–

As of June 30, 2009…

California State Teachers Retirement System (CalSTRS) owned 15,178,407 shares of JP Morgan Chase stock, with a market value of $517,735,463

California Public Employees’ Retirement System (CalPERS) owned 11,096,822 shares of JP Morgan Chase stock, with a market value of $378,513

New York State Teachers Retirement System owns 230,612,653 shares of JP Morgan Chase stock, with a market value of $430,617,943

New York State and Local Retirement System owned 15,401,817 shares of JP Morgan Chase stock, with a market value of $689,231,311 – it also owns 36,845,430 shares of Bank of America stock ($657,690,926) – and 19,391,801 shares of Wells Fargo stock ($603,472,847)

Utah Retirement Systems owned at least 1,620,455 of JP Morgan Chase stock, with a market value of at least $67,542,360 – it also ownes at least 1,357,950 shares of Wells Fargo Bank

As of December 31, 2009…

Texas County and District Retirement System owned $38,100,000 worth of JPMorgan Chase Stock, and $37,800,000 worth of HSBC Holdings PLC stock

Teacher Retirement System of Texas owned 24,645,636 shares of Citigroup Inc. ($1,078,739,488) – 18,847,368 shares of Bank of America Corp. ($811,002,245) – 12,846,591 shares of American International Group Inc. ($760,518,187) – 12,749,900 shares of HSBC HLDGS Plc. ($204,776,965) – 3,900,940 shares of Royal Bank Scot Grp Ord ($113,730,029) -

As of June 30, 2009…

The State Government of Florida owned $503,973,296 worth of JP Morgan Chase stock. And it has ownership stock in all of the following in just one pension fund…

AMERICAN EXPRESS CO CONSUMER FINANCE $143,108,183

BANK OF AMERICA CORP OTHER DIVERS FINCL SVCS $453,561,129

BANK OF CHINA LTD CNY1 CHINA $27,043,166

CAPITAL ONE FINANCIAL CORP CONSUMER FINANCE $67,724,069

CITIGROUP GLOBAL MARKETS HLDGS VIETNAM $265,547
CITIGROUP GLOBAL MARKETS HLDGS VIETNAM $709,060
CITIGROUP INC OTHER DIVERS FINCL SVCS $224,134,769

DEUTSCHE BANK AG ORD NPV REGD (GERMANY) $36,968,333

DISCOVER (Card) FINL SVCS COM CONSUMER FINANCE $30,331,427

FIFTH THIRD BANCORP REGIONAL BANKS $42,679,179

HSBC HLDGS ORD USD0.50 (UK) $188,386,651
HSBC HLDGS USD0.50 (HONGKONG) $58,863,130

MASTERCARD INC DATA PROCNG/OUTSRCD SVCS $89,987,830

MORGAN STANLEY INVESTMNT BKG & BROKERAGE $98,343,415

T ROWE PRICE GROUP INC ASSET MGMT & CUSTODY BNKS $46,325,847

VISA INC DATA PROCNG/OUTSRCD SVCS $142,862,149

WELLS FARGO & CO DIVERSIFIED BANKS $413,485,056

ZIONS BANCORPORATION REGIONAL BANKS $15,469,162

BANK ALFALAH LTD PKR10 (PAKISTAN) $292,115
BANK BNI TBK LKD SHS(IDR7500 & INDONESIA) $508,749
BANK CENTRAL ASIA IDR62.50 INDONESIA $3,054,626
BANK COOP AG CHF20(BEyes roll SWITZERLAND $79,655
BANK HAPOALIM B.M. ILS1 ISRAEL $12,772,437
BANK LEUMI LE ISRAEL B M ORD ISRAEL $5,284,179
BANK MARIN BANCORP COM REGIONAL BANKS $176,668
BANK MUTUAL CORP THRIFTS & MTG FINANCE $749,510
BANK OF AYUDHYA ALIEN MKT THAILAND $1,570,987
BANK OF BARODA INR10 (DEMAT) INDIA $11,704,380
BANK OF COMMUNICATION – RIGHT CHINA $212,530
BANK OF COMMUNICATIONS CO LTD CHINA $3,878,244
BANK OF COMMUNICATIONS CO. LTD CHINA $40,386
BANK OF CYPRUS PUBLIC CO LTD CYPRUS $1,478,907
BANK OF EAST ASIA HK$2.50 HONG KONG $6,240,641
BANK OF GEORGIA-144A GDR GEORGIA REPUBLIC $443,495
BANK OF HAWAII CORP REGIONAL BANKS $11,141,387
BANK OF JORDAN JOD1 JORDAN $61,920
BANK OF KYOTO Y50 BANKS $1,936,581
BANK OF MAHARASHTRA INR10 INDIA $94,739
BANK OF MONTREAL CDN DIVERSIFIED BANKS $18,975,552
BANK OF NAGOYA JPY50 BANKS $193,200
BANK OF NEW YORK MELLON CORP/T ASSET MGMT & CUSTODY BNKS $108,977,067
BANK OF NOVA SCOTIA CDN DIVERSIFIED BANKS $47,674,638
BANK OF PIRAEUS EUR4.77 GREECE $841,568
BANK OF QUEENSLAND LTD AUSTRALIA $1,437,587
BANK OF RYUKYUS Y500 BANKS $407,035
BANK OF SAGA Y50 BANKS $204,022
BANK OF THE OZARKS INC COM REGIONAL BANKS $5,534,880
BANK OF THE PHILIPPINE ISLANDS PHILIPPINES $8,042,154
BANK OF YOKOHAMA Y50 BANKS $3,708,115
BANK PEKAO PLN1 POLAND $14,415,466
BANK PPH POLAND $54,518
BANK RAKYAT INDONESIA INDONESIA $13,911,437
BANK VOZROZHDENIYE RUB10 RUSSIA $1,813,633
BANK ZACHODNI WBK PLN10 POLAND $898,968
BANKERS PETROLEUM LIMITED CDN OIL & GAS EXPL & PROD $630,984
BANKFINANCIAL CORP THRIFTS & MTG FINANCE $147,801
BANKINTER S A EUR0.3 REGD SPAIN $951,705
BANKMUSCAT (SAOG) OMR0.1 OMAN $6,748,653
BANQUE AUDI SAL GDR REG ‘S’ LEBANON $378,680

BANQUE CANTONALE DE GENEVE SWITZERLAND $150,858

BANQUE CENTRALE POPULAIRE MOROCCO FRS DB $84,804
BANQUE MAROCAINE DU COMM MOROCCO $164,962
BANQUE NATIONALE DE BELGIQUE BELGIUM $370,079

BANCA GENERALI EUR1 ITALY $491,953
BANCA MONTE DEI PASCHI DI ITALY $1,213,561
BANCA POPOLARE DI MILANO ITALY $1,945,436
BANCFIRST CORP REGIONAL BANKS $1,042,517
BANCO BILBAO VIZCAYA SPAIN $18,329,664
BANCO BPI SA PORTUGAL $48,869
BANCO BRADESCO SA BRAZIL $46,650,450
BANCO COMMERCIAL PORTUGUESE PORTUGAL $1,049,155
BANCO COMPARTAMOS SA COM STK MEXICO $9,264,537
BANCO CRUZEIRO DO SUL SA PRF BRAZIL $34,127
BANCO DAYCOVAL SA PRF STK BRAZIL $744,519
BANCO DE ORO UNIBANK INC PHP10 PHILIPPINES $243,857
BANCO DE SABADELL SA NEW SPAIN $2,091,606
BANCO DE VALENCIA EUR0.25 SPAIN $523,964
BANCO DI DESIO E DELLA BRIANZA ITALY $675,331
BANCO DO BRASIL SA COM NPV BRAZIL $14,595,199
BANCO ESPIRITO SANTO SA PORTUGAL $1,006,972
BANCO ESTADO RIO GRANDE DO SUL BRAZIL $2,199,193
BANCO GUIPUZCOANO EUR0.25 SPAIN $4,922
BANCO INDUSTRIAL ET COMMERICAL BRAZIL $288,894
BANCO LATINOAMERICANO DE DIVERSIFIED BANKS $1,551,208
BANCO MACRO SA ARGENTINA $571,330
BANCO NOSSA CAIXA SA NPV BRAZIL $489,086
BANCO PASTOR SA EUR0.33 SPAIN $209,471
BANCO PATAGONIA SA BDR EACH ARGENTINA $201,033
BANCO PINE SA PRF STK NPV BRAZIL $188,972
BANCO POPOLARE SOC COOPERATIVA ITALY $2,123,982
BANCO SANTANDER (BRASIL) SA BRAZIL $3,419,902
BANCO SANTANDER BRASIL-ADS BRAZIL $12,792,145
BANCO SANTANDER CHILE NEW CHILE $35,964,440
BANCO SANTANDER SA – RTS SPAIN $1,552
BANCO SANTANDER SA EUR0.50 SPAIN $163,738,535
BANCO SANTANDER SA EUR0.50 SPAIN $266
BANCO SOFISA S A PFD SHS NPV BRAZIL $67,937
BANCOLOMBIA SA COLOMBIA $4,984,486
BANCOLOMBIA SA COLOMBIA $27,109,681.8
BANCORP INC DEL REGIONAL BANKS $220,641
BANCORP RHODE ISLAND INC COM REGIONAL BANKS $229,119
BANCORPSOUTH INC REGIONAL BANKS $3,693,111

BB&T CORP COM REGIONAL BANKS $64,779,613

CAPITAL CITY BANK GROUP INC REGIONAL BANKS $390,873
CAPITAL GOLD CORP GOLD $297,012

MF GLOBAL HLDGS LTD COM INVESTMNT BKG & BROKERAGE $2,775,197

SURUGA BANK LTD Y50 BANKS $2,230,253

SUMITOMO MITSUI GR NPV BANKS $39,559,087

SWS GROUP INC INVESTMNT BKG & BROKERAGE $427,534

UNION BK OF ISRAEL ILS0.01 ISRAEL $69,596
UNION BNK OF INDIA INR10 INDIA $4,237,967

Now if the enormousness of this is lost on you for God knows what reason, this is a very incomplete list of banks that the State of Florida has financial stock ownership investments in.

Since the State of Florida is just one of thousands and thousands of governments in the United States, the combined or “collective” ownership of banks should be apparent.

The government owns the banks.

The government regulates and de-regulates the banks.

The government pretends to be tough on banks… but why would they do that if the banks are making them money. Would a king prosecute himself if the people asked him to???

The government is the courts. And the attorney’s on both sides of the court work for the government (the court).

The government votes on mergers and acquisitions, Board’s of Director’s (and CEO’s through the boards, and other corporate governance issues. Each government with stock investments above gets a certain number of votes, depending on stock type and amount.

The banks fund political campaigns and were the same top contributors to Obama’s and McCain’s campaigns. Left and right, Democrat and Republican are illusion at the top of the pyramid.

When the banks fund both sides of a war, the government is voting to do this through proxy vote as majority shareholder.

The government runs the banks, not the other way around.

The banks are just one strongarm of government. To blame banks for the downfall of the economy would be like blaming an atomic bomb for destroying your city, without ever putting the blame on the government or military who built and launched that bomb.

QUIT BLAMING THE BANKS!!!

START PUTTING THE BLAME WHERE IT BELONGS!!!

THE GOVERNMENT IS THE BANKS!!!

THE GOVERNMENT IS THE PHARMACEUTICAL AND MEDICAL INDUSTRY!!!

THE GOVERNMENT IS THE AUTO INDUSTRY!!!

THE GOVERNMENT IS THE MEDIA!!!!!!!!!!

THE GOVERNMENT OWNS EVERYTHING… ALL PIECES OF THE CONTROL GRID!!!

-Clint Richardson-


Source: http://thecorporationnation.com/?page_id=53
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Plato



Joined: 09 Dec 2010
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PostPosted: Fri Jan 13, 2012 1:41 am    Post subject: who owns the banks.... Reply with quote

First of all, pension funds are NOT government as such, they are pension funds, the gov't does not control them;
market cap JP Morgan at the closing bell on 12/1/2012; 140 BN (!) USD, all the pension funds together posted here own say 2-3 % tops, same goes for Citigroup, market cap USD 92 BN, pension funds own less than 2%.
same goes for Bank of America and Wells Fargo, the other US banking giants.
I did not see the Fed (the most important one of all) posted in this post by mr Richardson, who is he, some cranky uber conservative anti government tea party freak...

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leon



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PostPosted: Fri Jan 13, 2012 5:50 am    Post subject: Reply with quote

It's The Empire stupid!

It is amazing that no one in “conspiracy community” even trying to raise the question about possibility of foreign intervention in the National Affairs.
And that is given the long history of the British meddling with US.

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bardo_being



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PostPosted: Fri Jan 13, 2012 9:10 am    Post subject: Reply with quote

According to Clint Richardson (and Walter Burien) there are close to 200,000 governmental corporations each with their own investment portfolio, with a combined value today of around $100 trillion. They refer to this as "Collective Government" (cities, counties, states, federal, pensions, associations, enterprises and others). The examples he gave in the above article were not intended to be all-inclusive, so there's no use in dismissing them because they only add up to 2-3% of the market cap of JP Morgan. He says as much below the list.

In the first installment of his Corporation Nation series he says that very few of the governmental corporations list the details of their investment holdings in their CAFR's (Comprehensive Annual Financial Report). Most of them list only a summary line item called "Investments" or something similar, so there's no way to know the exact amount in such detail. What both men argue using the proof contained within the CAFR's is that Collective Government owns massive amounts of investments that the people are unaware of and that their claims of being in debt and on the verge of bankruptcy are a deception—they are wealthy beyond imagination.

He's making a very interesting argument about "who owns and controls who", i.e. private sector corporations versus collective governmental corporations. What I've yet to see from him (though this doesn't mean he hasn't covered it) is to answer the question—who owns these 200,000 governmental corporations? Who are the shareholders?
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Rom



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PostPosted: Fri Jan 13, 2012 9:50 am    Post subject: Reply with quote

"THE GOVERNMENT IS THE MEDIA!!!!!!!!!!"

I don't buy that assumption. I don't buy that "government" owns Goldman Sachs. I think a president is pretty helpless by himself. Obama don't understand economics, he has to ask his advisors, and the advisors are Wall St guys. When you are facing someone with 200+ years of experience of banking (Rothschild) you are pretty disadvantaged with marxist studies in "community organisation" or alike. That is too light. Obama's hair grew grayish pretty fast. He does not have control, he lost that to be President. Now he is a puppet.
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bardo_being



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PostPosted: Fri Jan 13, 2012 10:10 am    Post subject: Reply with quote

Rom, this is why I think it's so critical to know the answer to the question—if all of these governments are actually corporations, then who owns these corporations?

First off, I'm not at all convinced of his arguments, though I find them intriguing...

He's not arguing that Barrack Obama has any more authority than the appointed president of a private corporation. Both must answer to the Board of Directors who must answer to the shareholders. In the case of publicly traded corporations we know who these people are.

We know that Barrack Obama is a tool for more powerful interests, so the issue isn't "does he answer to someone", but rather "who does he answer to"? Most of us assume that he answers to his campaign contributors, or the lobbyists and special interest groups (eg. CFR) of the wealthiest individuals and corporations in the country/world (eg. banking, finance, war industry, energy, big pharma, etc.).

What Clint is suggesting, I think, is that he (Obama) is answering to the hidden shareholders and directors behind the corporation that is the U.S. government, and because this and other governmental corporations own the majority of the private sector (as disclosed in their CAFR's), then it's in their best interest to make these corporations as profitable as possible (hence the bailouts, subsidies, war mongering, forced vaccinations, bloated Health Care program, etc.)

If, say, for example, the U.S. Government is a corporation and is owned secretly by a collection of private individuals or institutions, then there could be a chance that the someone like the Rothschild family could have a controlling interest in both Goldman Sachs and the U.S. Government corporation. I'm not saying this is true, I'm saying that more needs to be known, and that this could be one possibility. If it were true to any degree, then what we'd be seeing is not one group controlling the other, but rather both groups (large private corporations and large government corporations) owned by the same group, and working in cooperation with one another.
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Rom



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PostPosted: Fri Jan 13, 2012 10:28 am    Post subject: Reply with quote

Ok, I will look into the specifics of the semantics.
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bardo_being



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PostPosted: Fri Jan 13, 2012 10:40 am    Post subject: Reply with quote

Let me qualify where my contribution is coming from. I've been aware of this matter for a whopping 72 hours. In that time I have viewed three videos that total about 7 hours and are as follows:

The Corporation Nation by Clint Richardson (3h13m)
http://www.youtube.com/watch?v=QkfMuvVuETQ
http://thecorporationnation.com/

The Biggest Game in Town by Walter Burien (2h16m)
http://video.google.com/videoplay?docid=2860538828528453481
http://cafr1.com/

Ending Taxation - The Only Game in Town by Walter Burien (1h12m)
http://www.youtube.com/watch?v=bn3hUcmNDdA

Hope that helps.
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leon



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PostPosted: Fri Jan 13, 2012 11:35 am    Post subject: Reply with quote

Just look at all those hours of videos and appreciate the brain washing potential of the Internet.

99.99% will be fluff to divert your attention from real culprits.

no morir un idiota - don't die an idiot
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Plato



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PostPosted: Fri Jan 13, 2012 12:56 pm    Post subject: Reply with quote

bardo_being wrote:
According to Clint Richardson (and Walter Burien) there are close to 200,000 governmental corporations each with their own investment portfolio, with a combined value today of around $100 trillion. They refer to this as "Collective Government" (cities, counties, states, federal, pensions, associations, enterprises and others). The examples he gave in the above article were not intended to be all-inclusive, so there's no use in dismissing them because they only add up to 2-3% of the market cap of JP Morgan. He says as much below the list.



This goes to show you that you should never take at face value what a person says, regardless of whether they're called Clint Richardson or whatever; USD 100 trillion USD is a lot of money, especially if you consider the fact that the total value of the combined market value of all world equity is something like USD 45-50 USD trillion and the combined value of ALL outstanding bonds worldwide is something like USD 85-90 USD trillion. These are the major and most important investment categories; my god gov't US entities own the entire world
source; http://en.wikipedia.org/wiki/Equity_market; http://en.wikipedia.org/wiki/Bond_market

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Plato



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PostPosted: Fri Jan 13, 2012 1:25 pm    Post subject: Reply with quote

200,000 government entities; where on earth does that number come from? There 50 states in the US and more than 3000 counties, 275 cities have more than 100,000 inhabitants; even if they do have an pension fund each that does not amount to more than 3,500 "entities". By the way, many cities in the US participate in their state's pension fund.

Once again, a pension fund does not equal the government, the only concern of these funds is the investment of pension premiums to their fund by the working participants and the payment of pensions to retired participants.

A total amount of USD trillion 100 in US retirement plans is, as you guessed, total BS; from a research piece by watsonwyatt;
http://www.watsonwyatt.com/europe/research/pdf/PI_300_Analysis_2007.pdf

Combined investments of 300 largest pension funds world wide USD 10.4 trillion USD at the end of 2006; of which not even half coming from North America...

Oh, by the way, scattered equity holdings are good, because this way it is easier to control a bank by having a smaller stake, in other words, you don't need half the stock to have the most important voice

Will be back...

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bardo_being



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PostPosted: Fri Jan 13, 2012 1:29 pm    Post subject: Reply with quote

I was paraphrasing, possibly poorly. Please don't disregard their research because I threw out the number $100 trillion. I remember it as a very large number, maybe $80 trillion, and they made it clear that it was an estimate because they can't possibly add up 184,000 separate financial statements.

Know also that these government corporations own enormous amounts of land and natural resources, as well as assets such as ports, highways and bridges, plus large amounts of foreign currencies and precious metals, in addition to global equities and debt instruments.

It still sounds like a reach, but maybe not as big as it seems. Hope that helps.
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