- Politics and Social Issues»
- Economy & Government
Who Owns Your Money?
Is it really yours?
Firstly, a dollar bill is just a promissory note, an IOU. It is a promise to pay the holder the value of one dollar. It is easy to use but the dollar bill remains the property of the people that printed it. In the United States it is the Federal Reserve.
The Federal Reserve is not Government.
The Federal Reserve is comprised of 12 Banks, represented by a board of 7 people.
These Banks are owned by shareholders.
Major shareholders in all these Banks are a group of 4 companies; I will call them the “big four”.
The big four are: State Street Corporation, Vanguard Group, BlackRock and FMR [Fidelity].
These companies are major shareholders in the top ten financial groups in the US: Bank of America, JP Morgan, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley and others.
So the big four not only have representatives on the boards of all the major US financial Corporations but also on the board of the Fed.
- Who are the Leaders?
Are there a group of powerful people that really rule? They control the politicians and all their actions. They consider themselves Demi- Gods and beyond the law.
Parts of the big four
The big four are not only major shareholders in financial groups; they are also major shareholders in companies that have other influences in your life: Boeing Co., Coca-Cola Co., DuPont, Exxon Mobile Corp., General Electric Co., and General Motors Corporation.
They hold influence in your telecommunications being major shareholders in AT&T Inc., Hewlett Packard, Honeywell International Inc., Intel Corp., Microsoft Corp. and Verizon Communications Corp.
The list goes on: Home Depot Inc., Johnson & Johnson, Wal-Mart Stores Inc. and McDonalds Corp.
If you didn’t know any of this, it is probably because the big four are also major shareholders in many of the news sources: Time Warner, Walt Disney, Viacom, Rupert Murdoch’s News Corporation, CBS Corporation and NBC Universal.
- Is the United States Third World?
By many criteria the US is third world. Is this possible and what does it mean?
International In fluence
The big fours influence does not just stop in the US though.
They also have controlling interests in some of the tax havens in the Cayman Islands, Monaco and also in the legal Shell companies of Liechtenstein.
Representatives who run international institutes such as the IMF, Central European Bank and the World Bank were trained by and are probably still paid by the big four.
So, you don’t own your money; at best you just borrow it.
The big four have more influence on your life than the elected government which in turn is influenced greatly by them.
It is easy to find out the information on the big four companies but you will never know the names of the actual people that own them and hold the influence on your life, let alone get to vote on them. Well I guess that is the reality of democracy at work.
When it comes to the US deficit, who will pay it?
You can bet your borrowed dollar that it will not be the “big four”.
- Is Democracy, Hypocrisy?
Democracy is supposed to be good, but with more people refusing to vote, has it become hypocrisy. Is there a better way?
- Who Profits from War?
Do countries really profit from war, or is it just companies and shareholders?
- The Dangers of the Deficit
We have all heard of the deficit but what does it really mean? Could it result in the break up of the US? How and why?
- A Weighty Economic Problem
The three things that are growing in the US are: the debt, peoples size and health costs. Is it possible to combine the three to find a solution?
- Debt, a Word of the Past
The word debt seems to have been replaced with deficit. No matter how often you change the word, the meaning is still the same.
- War of Wealth
With the politicians continuously bickering about taxes, is there a solution to at least part of the problem?