Tuesday, September 4, 2012

Warnings from Former Presidents re: the “Invisible Government” Running the U.S.


Warnings from Former Presidents re: the “Invisible Government” Running the U.S.

04 September 2012

Thank You to The biggerpicture2012


So, if it’s been going on for so long, how could we sleep through it? Why didn’t we respond sooner? Sheeple, we did it to ourselves. We may have finally learned the lesson.
Verified Warnings From Former U.S. Presidents About the “Invisible Government” Running the U.S. With “No Allegiance To the People”
“Those who do not learn from history are doomed to repeat it.”   ~ George Santayana
Past presidents of the United States and other high profile political leaders have repeatedly issued warnings over the last 214 years that the U.S. government is under the control of an “invisible government owing no allegiance and acknowledging no responsibility to the people.”
According to half-dozen of our former presidents, one vice-president,  and a myriad of other high profile political leaders, an invisible government that is “incredibly evil in intent” has been in control of the U.S. government“ever since the days of Andrew Jackson” (since at least 1836).  They “virtually run the United States government for their own selfish purposes. They practically control both parties… It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection.”
As a result, “we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”
The sources for the above quotes (and more) are listed below. All of the quotes listed in this article have been verified as authentic and have associated links to the source materials.  Also included below are statements made by David Rockefeller, Sr, former director of the Council on Foreign Relations (CFR), and Federal Reserve Chairman’s Alan Greenspan and Ben Bernanke that appear to confirm some of the warnings.
Warnings About the Invisible Government Running the U.S.
The warnings listed below, which appear in chronological order, began with our first president – George Washington.  The last president to speak out was JFK, who was assassinated.    Read what they and other political leaders have said about the invisible government.
George Washington wrote that the Illuminati want to separate the People from their Government.
“It was not my intention to doubt that, the Doctrines of the Illuminati, and principles of Jacobinism had not spread in the United States. On the contrary, no one is more truly satisfied of this fact than I am. The idea that I meant to convey, was, that I did not believe that the Lodges of Free Masons in this Country had, as Societies, endeavoured to propagate the diabolical tenets of the first, or pernicious principles of the latter (if they are susceptible of separation). That Individuals of them may… actually had a separation [sic] of the People from their Government in view, is too evident to be questioned.” – George Washington,  1st President of the United States (1789–1797), from a letter that Washington wrote on October 24, 1798, which can be found in the Library of Congress.  For an analysis of Washington’s warning, see the article “Library of Congress: George Washington Warns of Illuminati
“I sincerely believe, with you, that banking establishments are more dangerous than standing armies.” —Thomas Jefferson, 3rd President of the United States (1801–1809) and principal author of the United States Declaration of Independence (1776), in a letter written to John Taylor on May 28, 1816
“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.” – John C. Calhoun, Vice President (1825-1832) and U.S. Senator, from a speech given on May 27, 1836
Note that it appears that Washington’s and Jefferson’s concerns regarding bankers and separation of the people from the government was realized by 1836.  This fact was confirmed in a letter written by FDR in 1933 (see below) in which he wrote that “a financial element in the large centers has owned the government ever since the days of Andrew Jackson.”  Jackson was the seventh president of the United States (1829-1937).  Calhoun served as Jackson’s vice-president from 1829-1932.
“Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the peopleTo destroy this invisible government, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of the day.”— Theodore Roosevelt, 26th President of the United States, Theodore Roosevelt, An Autobiography, 1913 (Appendix B)
A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men[W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized worldno longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.” – Woodrow Wilson, 28th President of the United States, The New Freedom, 1913
“Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something.  They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.” – Woodrow Wilson, 28th President of the United States, The New Freedom, 1913
“The real menace of our Republic is the invisible government, which like a giant octopus sprawls its slimy legs over our cities, states and nation… The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both parties, … and control the majority of the newspapers and magazines in this country. They use the columns of these papers to club into submission or drive out of office public officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government. It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection.”  - New York City Mayor John F. Hylan, New York Times, March 26, 1922
“Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt…Mr. Chairman, when the Federal Reserve act was passed, the people of the United States did not perceive that a world system was being set up here… and that this country was to supply financial power to an international superstate — a superstate controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” – Congressman Louis T. McFadden, from a speech delivered to the House of Representatives on June 10, 1932
“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson.” — Franklin Delano Roosevelt, 32nd President of the United States (1933–1945), in a letter to Colonel Edward M House dated November 21, 1933, as quoted in F.D.R.: His Personal Letters, 1928-1945.
“Today the path to total dictatorship in the U.S. can be laid by strictly legal means… We have a well-organized political-action group in this country, determined to destroy our Constitution and establish a one-party state… It operates secretly, silently, continuously to transform our GovernmentThis ruthless power-seeking elite is a disease of our century… This group…is answerable neither to the President, the Congress, nor the courts. It is practically irremovable.” – Senator William Jenner, 1954 speech
“The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists. The American mind simply has not come to a realization of the evil which has been introduced into our midst. It rejects even the assumption that human creatures could espouse a philosophy which must ultimately destroy all that is good and decent.”  —J. Edgar Hoover, The Elks Magazine, 1956
“For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence–on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations. Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed.” — John F Kennedy, 35th President of the United States, from a speech delivered to the American Newspaper Publishers Association on April 27, 1961 and known as the “Secret Society” speech.  Listen to Kennedy’s speech.
The Rockefellers and their allies have, for at least fifty years, been carefully following a plan to use their economic power to gain political control of first America, and then the rest of the world.  Do I mean conspiracy? Yes, I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent.” Congressman Larry P. McDonald, November 1975, from the introduction to a book titled The Rockefeller File.
There exists a shadowy government with its own Air Force, its own Navy, its own fundraising mechanism, and the ability to pursue its own ideas of national interest, free from all checks and balances, and free from the law itself.” – Daniel K. Inouye, US Senator from Hawaii, testimony at the Iran Contra Hearings, 1986

The Federal Reserve

A power has risen up in the government greater than the people themselves…” – John C. Calhoun
… owing no allegiance and acknowledging no responsibility to the people.” – Theodore Roosevelt
“… one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Bank.“  – Louis T. McFadden
In an interview with Jim Lehrer that was aired on PBS’ News Hour on September 18, 2007 that you can watch on YouTube, formal Federal Reserve Chairman Alan Greenspan said, essentially, that the Federal Reserve was above the law and that no agency of government can overrule their actions:
Jim Lehrer: “What is the proper relationship, what should be the proper relationship between a chairman of the Fed and a president of the United States?”
Alan Greenspan: “Well, first of all, the Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take. So long as that is in place and there is no evidence that the administration or the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don’t frankly matter.
The fact that the Fed is above the law was demonstrated by current Fed chairman, Ben Bernanke, during his appearance before Congress on March 4, 2009 (as shown in this video). Senator Bernie Sanders asked Bernanke about $2.2 trillion in American tax dollars that was lent out by Federal Reserve.  Bernanke refused to provide an answer:
Senator Sanders: “Will you tell the American people to whom you lent $2.2 trillion of their dollars? … Can you tell us who they are?”
Bernanke: “No”

David Rockefeller and the Council on Foreign Relations (CFR)

We have a well-organized political-action group in this country, determined to destroy our Constitution and establish a one-party state…” – William Jenner
The Rockefellers and their allies have, for at least fifty years, been carefully following a plan to use their economic power to gain political control of first America, and then the rest of the world.” – Larry P. McDonald
In 1921 the stockholders of the Federal Reserve financed an organization called the “Council on Foreign Relations” (CFR).  A full discussion on the CFR is beyond the scope of this article.  Suffice it to say that the CFR likely plays a prominent role in the invisible government that we have been warned about.   The CFR is alleged to be the arm of the Ruling Elite in the United States. Most influential politicians, academics and media personalities are members. The CFR uses its influence to push their New World Order agenda on the American people.
David Rockefeller, Sr is the current patriarch of the Rockefeller family. He is the only surviving grandchild of oil tycoon John D. Rockefeller, founder of Standard Oil.  Rockefeller began a lifelong association with the CFR when he joined as a director in 1949.  In Rockefeller’s 2002 autobiography “Memoirs” he wrote:
“For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as internationalists and of conspiring with others around the world to build a more integrated global political and economic structure — one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”
James Warburg, son of CFR [Council on Foreign Relations] founder Paul Warburg, delivered blunt testimony before the Senate Foreign Relations Committee on February 17, 1950:
“We shall have world government, whether or not we like it. The question is only whether world government will be achieved by consent or by conquest.”

Cognitive Dissonance

The American mind simply has not come to a realization of the evil which has been introduced into our midst. It rejects even the assumption that human creatures could espouse a philosophy which must ultimately destroy all that is good and decent.”  —J. Edgar Hoover
Because of a deep rooted beliefs that the U.S. government is “for the people” and the protector of the free world, many will reject the notion of an evil shadow government.  When our beliefs are challenged or when two beliefs are inconsistent, cognitive dissonance is created. It’s human nature to try to hold our beliefs in harmony with our world view and avoid disharmony (or dissonance).
For those of you who having difficulty believing the information presented in this article, I fully  understand.  For the first 57 years of my life, I would not have believed it.  Three years ago my world view changed. While on vacation in Mount Shasta, I came across a book titled “Global Conspiracy” that seemed strangely out of place in a metaphysical book store.  I had never heard of the author before – some guy named David Icke.  I scanned through the book and frankly didn’t believe 99% of what I read.  But, I saw one thing that caught my attention in that I knew that I could easily verify Icke’s assertion.  I did my own research and turned out what Icke had stated was true (at least in that one instance).  That led me down a rabbit hole and many, many hundreds of hours of independent research.
Keep an open mind, do your own research, and use discernment.   Beware that there is a ton of disinformation on the internet, much of which is intentionally placed to confuse the public.  At a CFR meeting on geoengineering (see the article “Millions Spent to Confuse Public About Geoengineering“),  M. Granger Morgan stated (it’s captured on video for you to see and hear for yourself):
First of all, of course, there is a lot of money getting spent to make sure that a very substantial portion of the public stays totally confused about this. And, I mean, it’s been really quite pernicious. But there’s been literally tens of millions of dollars spent on every little thing that comes along that might, you know, relate to some uncertainty.

What Can We Do?

“Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has.” – Margaret Mead
In addition to doing your own research, please spread the word (feel free to share this article), and get involved.  The Thrive Solutions Hub is an excellent place to join with others who are taking positive action steps expose corruption and to create a world in which we can all thrive.  You can watch the full Thrive movie on YouTube here.

24 Facts

Under Barack Obama, the U.S. economy has performed worse than it did under any other president since the end of the Great Depression. After every other recession since World War II, the U.S. economy always regained what was lost and got even stronger before the next recession began. During this "economic recovery", we have not even come close to getting back to where we were in 2008. In fact, the number of Americans living in poverty and the number of Americans that are dependent on the government both continue to explode even as Barack Obama runs up trillions of dollars of new debt.
Anyone that believes that Barack Obama is going to "fix the economy" if he is given another four years in the White House has taken way too many sips of the Obama kool-aid. The truth is that Barack Obama is not going to save you. Barack Obama has royally messed up our economy (along with a lot of other things) and that is not something we should be thanking him for.
Yes, Barack Obama is not solely responsible for the economy. In fact, he does not even have the most influence over the direction of the economy.
However, if he had been willing or able to actually do what was necessary to fix the economy, he certainly had ample opportunity.
For example, the Democrats had full control of Congress during Obama's first two years in office.
They were in a position to push through just about anything that they wanted to.
But just about everything that did get through Congress during those two years was full of really, really bad ideas.
More importantly, Barack Obama has done absolutely nothing to stand in the way of the nightmarish policies of the Federal Reserve.
Yes, the Federal Reserve does have more power over the U.S. economy than Barack Obama does.
But Barack Obama has made no moves to reign in the Fed or to stop their idiotic policies.
In fact, Obama has had nothing but good things to say about Federal Reserve Chairman Ben Bernanke, and he nominated Bernanke for another term.
Talk about stupid.
If you were the owner of a pro football team and your coach had lost every game for several years in a row would you give him a new contract?
Of course not.
But even though Federal Reserve Chairman Ben Bernanke has a track record of failure that would make the Washington Generals blush, Obama has given Bernanke his unquestioning support.
Obama insists that it would be a really bad idea to ever question the "independence" of the Fed. Obama believes that it is a good thing that U.S. monetary policy is determined by a panel of "experts" that work for a secretive organization that has no direct accountability to the American people whatsoever.
Yet their decisions have a huge impact on all our lives every single day.
So since Barack Obama has steadfastly refused to stand up to the Federal Reserve and has had nothing but wonderful things to say about Federal Reserve Chairman Ben Bernanke, it is fair to hold Obama at least partially responsible for the nightmarish economic conditions that Fed policies have helped create.
In the final analysis, basically every single decision that Barack Obama has made regarding the economy has been wrong. He has added trillions to our debt while flushing our economic future down the toilet at the same time.
Thanks Obama - you really have been awful.



The following are 24 stats that show just how much Obama has royally messed up our economy...
.
#1 Under Bill Clinton, the average unemployment rate was 5.2 percent. Under George W. Bush, the average unemployment rate was 5.3 percent. Under Barack Obama, things have been much worse. The month after he took office the unemployment rate rose above 8 percent and it has stayed there ever since.



#2 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.


#3 Real median household income has decreased by more than 4000 dollars since Barack Obama entered the White House.


#4 The United States has plenty of oil and we should not have to import it from the Middle East. Unfortunately, Barack Obama has an absolutely nightmarish energy policy. Under Bill Clinton, the number of drilling permits approved rose by 58 percent. Under George W. Bush, the number of drilling permits approved rose by 116 percent. Under Barack Obama, the number of drilling permits approved decreased by 36 percent.


#5 When Barack Obama took office, the average price of a gallon of gasoline was $1.85.

      Today, the average price of a gallon of gasoline is $3.71.



#6 Under Barack Obama, the United States has lost more than 300,000 education jobs.



#7 Since Barack Obama became president, the number of long-term unemployed Americans has risen from 2.7 million to 5.2 million.



#8 For the first time in the post-World War II era, the employment-population ratio has not bounced back after a recession. The percentage of working age Americans with a job has been below 59 percent for 35 months in a row.



#9 While Barack Obama has been president, U.S. home values have fallen by another 12 percent.


#10 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.



#11 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row. Thanks Obama.



#12 When Barack Obama first entered the White House, an ounce of gold was going for about $850. Today, the price of gold is over $1630 an ounce.



#13 Since 2008, our economy has lost 1.3 million jobs while at the same time 3.6 million more Americans have been added to Social Security's disability insurance program.



#14 The number of Americans on food stamps has grown from 31.9 million when Barack Obama took office to 46.4 million today. How much more "hope and change" are we going to be able to endure?



#15 As I wrote about the other day, it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls
.
#16 If you can believe it (and this really is hard to believe), more than half of all Americans are now at least partially financially dependent on the government.



#17 The total amount of money that the federal government gives directly to the American people has grown by 32 percent since Barack Obama became president.



#18 Under Barack Obama, federal spending as a percentage of GDP (25 percent) is the highest that it has been since World War II.


#19 The Obama administration has been spending money on some of the most insane things imaginable. For example, in 2011 the Obama administration spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop.



#20 The U.S. government has run a budget deficit of well over a trillion dollars every single year under Barack Obama.


#21 Under Barack Obama, U.S. debt was downgraded from AAA status for the first time ever.


#22 Since Barack Obama took office, the U.S. national debt has increased by 50 percen


#23 Since Barack Obama became president, the U.S. national debt has increased by an average of more than $64,000 per taxpayer.



#24 During the Obama administration, the U.S. national debt has grown more than it did from the time that George Washington became president to the beginning of Bill Clinton's second term as president.




MORE PROOF--Hutchison eliminates radioactive contamination


IMPORTANT UPDATE
Bismuth, an alpha emitter and in the uraninite change of decay was tested with John Hutchison's radiation elimination equipment. A massive rapid transmutation occurred.
Samples are being sent for analysis.
Video visually shows the transmutation.
Pellets of Bismuth were placed directly in front of one of the interferometers, at the point the frequencies are projected.


Previously, uraninite was tested with Hutchison's equipment. The results from this previous test proved Hutchison was able to rapidly advance the radioactive decay of the uraninite. (3 billion years if decay was achieved in a matter of 30 days).

Hutchison is currently creating a "frequency shield" to intercept the radioactive particles hitting the Earth from the ongoing Japan nuclear disaster. The radioactive particles contact the shield and are transmutated into inert, non-radioactive elements.

Peace. Be well.
Earth Protectors are on duty.

Nancy (Lazaryan) Hutchison

Valerie B. Jarrett


Valerie B. Jarrett
AKA Valerie Bowman
Born: 14-Nov-1956
Birthplace: Shiraz, Iran
Gender: Female
Race or Ethnicity: Black [1]
Sexual orientation: Straight
Occupation: Business, Government
Party Affiliation: Democratic [2]
Nationality: United States
Executive summary: White House Office of Public Liaison

[2] Treasurer for the Hopefund, a Barack Obama PAC.
Father: James E. Bowman (pathologist, b. 5-Feb-1923, d. 28-Sep-2011 renal cancer)
Mother: Barbara Taylor
Husband: William Robert Jarrett (m. 1983, div. 1988, one daughter)
Daughter: Laura
    High School: Northfield Mount Hermon School, Northfield, MA (1974)
    Law School: BA, Stanford University (1978)
    Law School: JD, University of Michigan Law School (1981)
    Administrator: Trustee, University of Chicago
    White House Staff Director, Office of Public Liaison (2009-)
    The Habitat Company President and CEO (2007-09)
    The Habitat Company EVP (1995-2007)
    Illinois State Official Chairman, Chicago Transit Authority (1995-2003)
    Illinois State Official Chicago Department of Planning and Development Commissioner
    Illinois State Official Deputy Chief of Staff for Mayor Richard M. Daley
    Illinois State Official Chicago Deputy Corporation Counsel, Finance and Development
    Member of the Board of Chicago Stock Exchange (2000-07, as Chairman, 2004-07)
    Member of the Board of Federal Reserve Bank of Chicago (2006-07)
    Member of the Board of Navigant Consulting, Inc.
    Member of the Board of USG (1998-)
    Chicago Museum of Science and Industry Trustee
    Carol Moseley Braun for President
    Democratic Senatorial Campaign Committee
    Gephardt for President
    German Marshall Fund Board of Directors
    John Kerry for President
    Joyce Foundation Board of Directors
    New Leadership for America PAC
    Obama for America
    Obama for Illinois

Old Valerie Jarrett by Drake


Drake posted: "              Obama's handler?              How long has Valerie Jarrett been looked at?             http://www.blogster.com/joannemor/obamas-keeper-valerie-jarrett            Think about her calling the shots "

New post on ANMilitia


Old Valerie Jarrett

by Drake
             Obama's handler?
             How long has Valerie Jarrett been looked at?
           Think about her calling the shots ever since it all started.
             ~ Drake
Drake | September 4, 2012 at 11:03 am | Categories: News | URL: http://wp.me/p2tRr3-os

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Power & Corruption by Drake



New post on ANMilitia


Power & Corruption

by Drake
          Here is Valerie Jarrett:
           ~ Drake
Drake | September 4, 2012 at 10:59 am | Categories: News | URL: http://wp.me/p2tRr3-op

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More? – Classified? by Drake


Drake posted: "       Classified? Not according to this:        So how could SEALs book be classified? http://www.judicialwatch.org/press-room/press-releases/judicial-watch-obtains-4-to-5-inch-stack-of-overlooked-cia-records-detailing-meetings-with-bin-laden-"

New post on ANMilitia


More? – Classified?

by Drake
       Classified? Not according to this:
       What does the military think about Obama?
       A loud Silence...
       ~ Drake
Drake | September 4, 2012 at 10:54 am | Categories: News | URL: http://wp.me/p2tRr3-om

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More? – G-20 by Drake


Drake posted: "       This is more from the G-20 intentions to rule the planet and us...        http://www.youtube.com/watch?v=0G7Z-GUYWEc&feature=share&list=PL27117E37A532D117        Global UN Parliamentary Assembly proposal by the CEUNPA - pa"

New post on ANMilitia


More? – G-20

by Drake
       This is more from the G-20 intentions to rule the planet and us...
          ~ Drake
Drake | September 4, 2012 at 10:49 am | Categories: News | URL: http://wp.me/p2tRr3-oh

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>>>ALERT<<< by Drake


Drake posted: ">>>ALERT<<< RAF is on standby to enter Syria. NATO is on alert as well. This is an attempted distraction from the present political problems in the US. These people are willing to start WW III in order to remain in power by use of nation"

New post on ANMilitia


>>>ALERT<<<

by Drake
>>>ALERT<<<
RAF is on standby to enter Syria.
NATO is on alert as well.
This is an attempted distraction from the present political
problems in the US.
These people are willing to start WW III in order to remain
in power by use of national alert status and stopping the elections.
This is one of several 'targets' to be used in this way.
~ Drake
Drake | September 4, 2012 at 10:45 am | Categories: News | URL: http://wp.me/s2tRr3-alert

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Navy Seals Taken Off Duty by Drake


Navy Seals Taken Off Duty

by Drake
       How can published info cause this?
     Especially after it was RELEASED/LEAKED by the White House?
Drake | September 4, 2012 at 10:40 am | Categories: News | URL: http://wp.me/p2tRr3-ob

Another Notice from the good guys: by Drake


Look Who Parks Their Cash At Bain Capital


Look Who Parks Their Cash At Bain Capital

Tuesday, September 4, 2012 8:39

“If.. these institutions relish the yields that Bain Capital generates by supporting start-ups and rescuing distressed companies, 80 percent of which have prospered, then this money is honest — and Team Obama isn’t.”

Democrats convened in Charlotte, NC, will double down on their claim that Bain Capital is really the Bain crime family. They will accuse Republican nominee Mitt Romney and Bain’s other “greedy” co-founders of stealing their winnings, evading taxes and lighting cigars with $100 bills on their yachts.
But Bain’s private-equity executives have enriched dozens of organizations and millions of individuals in the Democratic base — including some who scream most loudly for President Obama’s re-election.
 _______________________________________________________________________________________________________________
 “Bain Capital is one of the world's leading private, alternative asset management firms, with approximately $65 billion in assets under management.”
http://www.baincapital.com/
________________________________________________________________________________________________________________
Government-worker pension funds are the chief beneficiaries of Bain’s economic stewardship.
New York-based Preqin uses public documents, news accounts and Freedom of Information requests to track private-equity holdings. Since 2000, Preqin reports, the following funds have entrusted some $1.56 billion to Bain:
* Illinois Municipal Retirement Fund ($2.2 million)
* Indiana Public Retirement System ($39.3 million)
* Iowa Public Employees’ Retirement System ($177.1 million)
* The Los Angeles Fire and Police Pension System ($19.5 million)
* Maryland State Retirement and Pension System ($117.5 million)
* Public Employees’ Retirement System of Nevada ($20.3 million)
* State Teachers Retirement System of Ohio ($767.3 million)
* Pennsylvania State Employees’ Retirement System ($231.5 million)
* Employees’ Retirement System of Rhode Island ($25 million)
* San Diego County Employees Retirement Association ($23.5 million)
* Teacher Retirement System of Texas ($122.5 million)
* Tennessee Consolidated Retirement System ($15 million)
 These funds aggregate the savings of millions of unionized teachers, social workers, public-health personnel and first responders. Many would be startled to learn that their nest eggs are incubated by the company that Romney launched and the financiers he hired.
 Leading universities have also profited from Bain’s expertise. According to Infrastructure Investor, Bain Capital Ventures Fund I (launched in 2001) managed wealth for “endowments and foundations such as Columbia, Princeton and Yale universities.”
 According to BuyOuts magazine and S&P Capital IQ, Bain’s other college clients have included Cornell, Emory, the Massachusetts Institute of Technology, Notre Dame and the University of Pittsburgh. Preqin reports that the following schools have placed at least $424.6 million with Bain Capital between 1998 and 2008:
 * Purdue University ($15.9 million)
* University of California ($225.7 million)
* University of Michigan ($130 million)
* University of Virginia ($20 million)
* University of Washington ($33 million)
 Major, center-left foundations and cultural establishments also have seen their prospects brighten, thanks to Bain Capital. According to the aforementioned sources, such Bain clients have included the Charles Stewart Mott Foundation, the Doris Duke Foundation, the Metropolitan Museum of Art, the Ford Foundation, the Heinz Endowments and the Oprah Winfrey Foundation.
 Why on Earth would government-union leaders, university presidents and foundation chiefs let Bain oversee their precious assets?

 “The scrutiny generated by a heated election year matters less than the performance the portfolio generates to the fund,” California State Teachers’ Retirement System spokesman Ricardo Duran said in the Aug. 12 Boston Globe. CalSTRS has pumped some $1.25 billion into Bain.
 Since 1988, Duran says, private-equity companies like Bain have outperformed every other asset class to which CalSTRS has allocated the cash of its 856,360 largely unionized members.
 Is Bain really a gang of corporate buccaneers who plunder their ill-gotten gains by outsourcing, euthanizing feeble portfolio companies and giving cancer to the spouses of those whom they fired? If so, union bosses, government retirees, liberal foundations and elite universities thrive on the wages of Bain’s economic Darwinism.
 If, however, these institutions relish the yields that Bain Capital generates by supporting start-ups and rescuing distressed companies, 80 percent of which have prospered, then this money is honest — and Team Obama isn’t.