Is Fukushima Radiation Contaminating Tuna, Salmon and Herring On the West Coast of North America?

By Washington's Blog

Global Research, August 26, 2013

Washington's Blog

Region: Asia, Canada, USA

Theme: Environment

 Demand that Fish Be Tested for Radiation
We’ve extensively documented that radioactivity from Fukushima is spreading to North America.
More than a year ago, 15 out of 15 bluefin tuna tested in California waters were contaminated with radioactive cesium from Fukushima.
Bluefin tuna are a wide-ranging fish, which can swim back and forth between Japan and North America in a year.
But what about other types of fish?

Sockeye salmon also have a range spanning all of the way from Japan to Alaska, Canada, Washington and Oregon:

Associated Press reports that both scientists and native elders in British Columbia say that sockeye numbers have plummeted:

Sockeye salmon returns plunge to historic lows.
***
Last month, [the Department of Fisheries and Oceans] noted returns for the Skeena River sockeye run were dire.
[Mel Kotyk, North Coast area director for the Department] said department scientists don’t know why the return numbers are so low…. “When they went out to sea they seemed to be very strong and healthy and in good numbers, so we think something happened in the ocean.”
***
“We’ve never seen anything like this in all these years I’ve done this. I’ve asked the elders and they have never seen anything like this at all.” [said Chief Wilf Adam]

Vancouver News 1130 notes that Alaskan and Russian salmon stocks have crashed as well:

“The sockeye runs way up north in the Skeena are low. The [fish] out of Bristol Bay, Alaska is down 30 to 35 per cent over last year. Russia has got a limited number of fish in the market. They are down about 40 per cent over all their salmon fisheries.”

(Russia’s East Coast sits on the Sea of Japan.  Indeed, Japan is closer to Russia than to Korea.)
Alaska’s Juneau Empire newspaper writes:

We are concerned this hazardous material is hitching a ride on marine life and making its way to Alaska.
Currents of the world’s oceans are complex. But, generally speaking, two surface currents — one from the south, called the Kuroshio, and one from the north, called the Oyashio — meet just off the coast of Japan at about 40 degrees north latitude. The currents merge to form the North Pacific current and surge eastward. Fukushima lies at 37 degrees north latitude. Thousands of miles later, the currents hit an upwelling just off the western coast of the United States and split. One, the Alaska current, turns north up the coast toward British Columbia and Southeast Alaska. The other, the California current, turns south and heads down the western seaboard of the U.S.
The migration patterns of Pacific salmon should also be taken into consideration. In a nutshell, our salmon ride the Alaska current and follow its curve past Sitka, Yakutat, Kodiak and the Aleutian Islands. Most often, it’s the chinook, coho and sockeye salmon migration patterns that range farthest. Chum and pink salmon seem to stay closer to home. Regardless of how far out each salmon species ventures into the Pacific, each fish hitches a ride back to its home rivers and spawning grounds on the North Pacific current, the same one pulling the nuclear waste eastward.
We all know too much exposure to nuclear waste can cause cancer. And many understand that certain chemicals, such as cesium-137 and strontium-9, contained in said waste products can accumulate in fish by being deposited in bones and muscle permanently.
We are concerned our Alaska salmon are being slowly tainted with nuclear waste. We are worried about the impact this waste could have on our resources, and especially the people who consume them.
***
We urge scientists in Alaska to be proactive about conducting research and monitoring our salmon species.

Similarly, the Canadian Broadcasting Corporation reports that salmon are migrating through the radioactive plume, but Canadian authorities aren’t testing the fish:

[Award-winning physician and preventative health expert Dr. Erica Frank, MD, MPH]: There are Pacific wild salmon that migrate through the radioactive plumes that have been coming off of Fukushima. Then those fish come back to our shores and we catch them.
CBC Reporter:  The Canada Food Inspection Agency says it now relies on Japan for test results concerning radiation.

(American authorities aren’t testing fish for radioactivity either.)
Another example – pacific herring – is even more dramatic.   Pacific herring is wide-ranging fish, spanning all the way from Japan to Southern California:

Every single pacific herring examined by a biologist in Canada was found to be hemorrhaging blood.  As Ene News reports:

 See also: Alexandra Morton via Vancouver 24 hrs,  Vancouver 24 hrs, Alexandra Morton)

 The Globe and Mail, Aug 13, 2013 (Emphasis Added):
Independent fisheries scientist Alexandra Morton is raising concerns about a disease she says is spreading through Pacific herring causing fish to hemorrhage. [...] “Two days ago I did a beach seine on Malcolm Island [near Port McNeill on northern Vancouver Island] and I got approximately 100 of these little herring and they were not only bleeding from their fins, but their bellies, their chins, their eyeballs.  [...] “It was 100 per cent … I couldn’t find any that weren’t bleeding to some degree. And they were schooling with young sockeye [salmon]”
Sun News, Aug 12, 2013:
[Morton] dragged up several hundred of the fish this past weekend and found the apparent infection had spread – instead of their usual silver colour the fish had eyes, tails, underbellies, gills and faces plastered with the sickly red colour. “I have never seen fish that looked this bad,” [...] In June, the affected fish were only found in eastern Johnstone Strait, but have since spread to Alert Bay and Sointula, she said.
Canada.com, Aug 16, 2013:
Morton [...] pulled up a net of about 100 herring near Sointula and found they were all bleeding. “It was pretty shocking to see,” said Morton [...] Herring school with small sockeye salmon and are also eaten by chinook and coho.
‘Response’ from Canadian Government

Vancouver 24 hrs, Aug 11, 2013:
[Morton] says Fisheries and Oceans Canada [FOC] is ignoring the problem. [...] According to emails from FOC, the federal authority had asked the marine biologist to send in 20 to 30 herring in September 2011, saying that would be “more than sufficient for the lab to look for clinical signs of disease and provide sufficient diagnostics.” She did, and hasn’t heard back since. [...] FOC officials did not respond to a request for comment by the 24 hours presstime.
Canada.com, Aug 16, 2013:
Fisheries and Oceans Canada is trying to confirm reports from an independent biologist that herring around northern Vancouver Island have a disease that is causing bleeding from their gills, bellies and eyeballs. [...] Arlene Tompkins of DFO’s [Department of Fisheries and Oceans'] salmon assessment section said staff in the Port Hardy area have not found bleeding herring. “We are trying to retrieve samples, but [Monday] we were not successful because of heavy fog,” she said. “We haven’t had any other reports of fish kills or die-offs [see salmon report below].” Tompkins has seen photographs provided by Morton [...]

There have been many other reports of mysterious sickness among West Coast North American sealife.  For example, sea lions’ main food is herring:

Sea lions will eat a lot of different prey items: octopus, squid, small sharks. But their bread and butter is herring ….

Given that pacific herring are suffering severe disease, it is worth asking whether the “unusual mortality event” of Southern California sea lions is connected.
The bottom line – as nuclear experts said 4 days after the Japanese earthquake and tsunami – is that we all need to demand that fish be tested for radiation.
Postscript: Apologists for reckless nuclear policy claim that low-level radiation is safe.  Scientists have thoroughly debunked those claims.

Exclusive: CIA Files Prove America Helped Saddam as He Gassed Iran

Source: Foreign Policy

The U.S. government may be considering military action in response to chemical strikes near Damascus. But a generation ago, America’s military and intelligence communities knew about and did nothing to stop a series of nerve gas attacks far more devastating than anything Syria has seen, Foreign Policy has learned.
In 1988, during the waning days of Iraq’s war with Iran, the United States learned through satellite imagery that Iran was about to gain a major strategic advantage by exploiting a hole in Iraqi defenses. U.S. intelligence officials conveyed the location of the Iranian troops to Iraq, fully aware that Hussein’s military would attack with chemical weapons, including sarin, a lethal nerve agent.
The intelligence included imagery and maps about Iranian troop movements, as well as the locations of Iranian logistics facilities and details about Iranian air defenses. The Iraqis used mustard gas and sarin prior to four major offensives in early 1988 that relied on U.S. satellite imagery, maps, and other intelligence. These attacks helped to tilt the war in Iraq’s favor and bring Iran to the negotiating table, and they ensured that the Reagan administration’s long-standing policy of securing an Iraqi victory would succeed. But they were also the last in a series of chemical strikes stretching back several years that the Reagan administration knew about and didn’t disclose.
U.S. officials have long denied acquiescing to Iraqi chemical attacks, insisting that Hussein’s government never announced he was going to use the weapons. But retired Air Force Col. Rick Francona, who was a military attaché in Baghdad during the 1988 strikes, paints a different picture.
“The Iraqis never told us that they intended to use nerve gas. They didn’t have to. We already knew,” he told Foreign Policy.
According to recently declassified CIA documents and interviews with former intelligence officials like Francona, the U.S. had firm evidence of Iraqi chemical attacks beginning in 1983. At the time, Iran was publicly alleging that illegal chemical attacks were carried out on its forces, and was building a case to present to the United Nations. But it lacked the evidence implicating Iraq, much of which was contained in top secret reports and memoranda sent to the most senior intelligence officials in the U.S. government. The CIA declined to comment for this story.
In contrast to today’s wrenching debate over whether the United States should intervene to stop alleged chemical weapons attacks by the Syrian government, the United States applied a cold calculus three decades ago to Hussein’s widespread use of chemical weapons against his enemies and his own people. The Reagan administration decided that it was better to let the attacks continue if they might turn the tide of the war. And even if they were discovered, the CIA wagered that international outrage and condemnation would be muted.
In the documents, the CIA said that Iran might not discover persuasive evidence of the weapons’ use — even though the agency possessed it. Also, the agency noted that the Soviet Union had previously used chemical agents in Afghanistan and suffered few repercussions.
It has been previously reported that the United States provided tactical intelligence to Iraq at the same time that officials suspected Hussein would use chemical weapons. But the CIA documents, which sat almost entirely unnoticed in a trove of declassified material at the National Archives in College Park, Md., combined with exclusive interviews with former intelligence officials, reveal new details about the depth of the United States’ knowledge of how and when Iraq employed the deadly agents. They show that senior U.S. officials were being regularly informed about the scale of the nerve gas attacks. They are tantamount to an official American admission of complicity in some of the most gruesome chemical weapons attacks ever launched.

 Top CIA officials, including the Director of Central Intelligence William J. Casey, a close friend of President Ronald Reagan, were told about the location of Iraqi chemical weapons assembly plants; that Iraq was desperately trying to make enough mustard agent to keep up with frontline demand from its forces; that Iraq was about to buy equipment from Italy to help speed up production of chemical-packed artillery rounds and bombs; and that Iraq could also use nerve agents on Iranian troops and possibly civilians.

Officials were also warned that Iran might launch retaliatory attacks against U.S. interests in the Middle East, including terrorist strikes, if it believed the United States was complicit in Iraq’s chemical warfare campaign.
“As Iraqi attacks continue and intensify the chances increase that Iranian forces will acquire a shell containing mustard agent with Iraqi markings,” the CIA reported in a top secret document in November 1983. “Tehran would take such evidence to the U.N. and charge U.S. complicity in violating international law.”
At the time, the military attaché’s office was following Iraqi preparations for the offensive using satellite reconnaissance imagery, Francona told Foreign Policy. According to a former CIA official, the images showed Iraqi movements of chemical materials to artillery batteries opposite Iranian positions prior to each offensive.
Francona, an experienced Middle East hand and Arabic linguist who served in the National Security Agency and the Defense Intelligence Agency, said he first became aware of Iraq’s use of chemical weapons against Iran in 1984, while serving as air attaché in Amman, Jordan. The information he saw clearly showed that the Iraqis had used Tabun nerve agent (also known as “GA”) against Iranian forces in southern Iraq.
The declassified CIA documents show that Casey and other top officials were repeatedly informed about Iraq’s chemical attacks and its plans for launching more. “If the Iraqis produce or acquire large new supplies of mustard agent, they almost certainly would use it against Iranian troops and towns near the border,” the CIA said in a top secret document.
But it was the express policy of Reagan to ensure an Iraqi victory in the war, whatever the cost.
The CIA noted in one document that the use of nerve agent “could have a significant impact on Iran’s human wave tactics, forcing Iran to give up that strategy.” Those tactics, which involved Iranian forces swarming against conventionally armed Iraqi positions, had proved decisive in some battles. In March 1984, the CIA reported that Iraq had “begun using nerve agents on the Al Basrah front and likely will be able to employ it in militarily significant quantities by late this fall.”
The use of chemical weapons in war is banned under the Geneva Protocol of 1925, which states that parties “will exert every effort to induce other States to accede to the” agreement. Iraq never ratified the protocol; the United States did in 1975. The Chemical Weapons Convention, which bans the production and use of such arms, wasn’t passed until 1997, years after the incidents in question.
The initial wave of Iraqi attacks, in 1983, used mustard agent. While generally not fatal, mustard causes severe blistering of the skin and mucus membranes, which can lead to potentially fatal infections, and can cause blindness and upper respiratory disease, while increasing the risk of cancer. The United States wasn’t yet providing battlefield intelligence to Iraq when mustard was used. But it also did nothing to assist Iran in its attempts to bring proof of illegal Iraqi chemical attacks to light. Nor did the administration inform the United Nations. The CIA determined that Iran had the capability to bomb the weapons assembly facilities, if only it could find them. The CIA believed it knew the locations.

Hard evidence of the Iraqi chemical attacks came to light in 1984. But that did little to deter Hussein from using the lethal agents, including in strikes against his own people. For as much as the CIA knew about Hussein’s use of chemical weapons, officials resisted providing Iraq with intelligence throughout much of the war. The Defense Department had proposed an intelligence-sharing program with the Iraqis in 1986. But according to Francona, it was nixed because the CIA and the State Department viewed Saddam Hussein as “anathema” and his officials as “thugs.”
The situation changed in 1987. CIA reconnaissance satellites picked up clear indications that the Iranians were concentrating large numbers of troops and equipment east of the city of Basrah, according to Francona, who was then serving with the Defense Intelligence Agency. What concerned DIA analysts the most was that the satellite imagery showed that the Iranians had discovered a gaping hole in the Iraqi lines southeast of Basrah. The seam had opened up at the junction between the Iraqi III Corps, deployed east of the city, and the Iraqi VII Corps, which was deployed to the southeast of the city in and around the hotly contested Fao Peninsula.
The satellites detected Iranian engineering and bridging units being secretly moved to deployment areas opposite the gap in the Iraqi lines, indicating that this was going to be where the main force of the annual Iranian spring offensive was going to fall, Francona said.
In late 1987, the DIA analysts in Francona’s shop in Washington wrote a Top Secret Codeword report partially entitled “At The Gates of Basrah,” warning that the Iranian 1988 spring offensive was going to be bigger than all previous spring offensives, and this offensive stood a very good chance of breaking through the Iraqi lines and capturing Basrah. The report warned that if Basrah fell, the Iraqi military would collapse and Iran would win the war.
President Reagan read the report and, according to Francona, wrote a note in the margin addressed to Secretary of Defense Frank C. Carlucci: “An Iranian victory is unacceptable.”
Subsequently, a decision was made at the top level of the U.S. government (almost certainly requiring the approval of the National Security Council and the CIA). The DIA was authorized to give the Iraqi intelligence services as much detailed information as was available about the deployments and movements of all Iranian combat units. That included satellite imagery and perhaps some sanitized electronic intelligence. There was a particular focus on the area east of the city of Basrah where the DIA was convinced the next big Iranian offensive would come. The agency also provided data on the locations of key Iranian logistics facilities, and the strength and capabilities of the Iranian air force and air defense system. Francona described much of the information as “targeting packages” suitable for use by the Iraqi air force to destroy these targets.
The sarin attacks then followed.
The nerve agent causes dizziness, respiratory distress, and muscle convulsions, and can lead to death. CIA analysts could not precisely determine the Iranian casualty figures because they lacked access to Iranian officials and documents. But the agency gauged the number of dead as somewhere between “hundreds” and “thousands” in each of the four cases where chemical weapons were used prior to a military offensive. According to the CIA, two-thirds of all chemical weapons ever used by Iraq during its war with Iran were fired or dropped in the last 18 months of the war.
By 1988, U.S. intelligence was flowing freely to Hussein’s military. That March, Iraq launched a nerve gas attack on the Kurdish village of Halabja in northern Iraq.
A month later, the Iraqis used aerial bombs and artillery shells filled with sarin against Iranian troop concentrations on the Fao Peninsula southeast of Basrah, helping the Iraqi forces win a major victory and recapture the entire peninsula. The success of the Fao Peninsula offensive also prevented the Iranians from launching their much-anticipated offensive to capture Basrah. According to Francona, Washington was very pleased with the result because the Iranians never got a chance to launch their offensive.
The level of insight into Iraq’s chemical weapons program stands in marked contrast to the flawed assessments, provided by the CIA and other intelligence agencies about Iraq’s program prior to the United States’ invasion in 2003. Back then, American intelligence had better access to the region and could send officials out to assess the damage.
Francona visited the Fao Peninsula shortly after it had been captured by the Iraqis. He found the battlefield littered with hundreds of used injectors once filled with atropine, the drug commonly used to treat sarin’s lethal effects. Francona scooped up a few of the injectors and brought them back to Baghdad — proof that the Iraqis had used sarin on the Fao Peninsula.
In the ensuing months, Francona reported, the Iraqis used sarin in massive quantities three more times in conjunction with massed artillery fire and smoke to disguise the use of nerve agents. Each offensive was hugely successful, in large part because of the increasingly sophisticated use of mass quantities of nerve agents. The last of these attacks, called the Blessed Ramadan Offensive, was launched by the Iraqis in April 1988 and involved the largest use of sarin nerve agent employed by the Iraqis to date. For a quarter-century, no chemical attack came close to the scale of Saddam’s unconventional assaults. Until, perhaps, the strikes last week outside of Damascus.

Situation report on the Iran-Iraq war, noting that each side is preparing for chemical weapons attacks (July 29, 1982) 
Iran-Iraq Situation Report by Foreign Policy
Top secret memo documenting chemical weapons use by Iraq, and discussing Iran’s likely reactions (Nov. 4, 1983)
Iran’s Likely Reaction to Iraqi Use of Chemical Weapons by Foreign Policy
Memo to the director of Central Intelligence predicting that Iraq will use nerve agents against Iran (Feb. 24, 1984)
Memo Predicts Use of Nerve Agents by Foreign Policy
CIA predicts “widespread use of mustard agents” and use of nerve agents by late summer (March 13, 1984)
CIA Predicts Widespread Use of Mustard Agents and Use of Nerve Agent by Late Summer byForeign Policy
CIA confirms Iraq used nerve agent (March 23, 1984)
CIA Confirms Iraq Used Nerve Agent by Foreign Policy
CIA considers the consequences for chemical weapons proliferation now that Iraq has used mustard and nerve agent (Sept. 6, 1984)
Note on Chemical Weapons Proliferation and Posisble Consequences by Foreign Policy
Intelligence assessment of Iraq’s chemical weapons program (January 1985)
Intelligence Assessment of Iraqi Chemical Weapons Program by Foreign Policy

More Tight End Production: A Case for Derek Carrier

By James Keane @JeromesFriend on Aug 16 2013, 

Howard Smith-USA TODAY Sports

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Tight ends are becoming increasingly important in the NFL. Can the Philadelphia Eagles capitalize on the phenomenon.

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By many accounts, young tight end Derek Carrier has not had a superb camp. Admittedly, it’s tough for the second year practice squadder to stand out and get the reps needed when James Casey, Brent Celek, Zach Ertz, and Clay Harbor are on the field ahead of you. But Derek, do not let that deter you. Against the Carolina Panthers, you made a great catch that made Brandon Lee Gowton swoon. Yes, there was a flag, but shake it off, big guy. Your position on the team is way more important than LeSean McCoy’s.

On the surface, this seems a ridiculous statement to make. It actually is. But it’s also meant to illustrate a point: tight ends matter. The tight end position is evolving, quickly. Tight ends used to be offensive linemen with sure hands. Then, after the freakish Tony Gonzalez entered the league (can you think of a better turning point?), that perception changed. Today, the tight end position is the most versatile in the NFL, responsible for blocking as well as an offensive tackle and running and catching as well as a wide receiver. And thanks to the New England Experiment, one of these tight end hybrids is not enough to have on the roster. Instead two or three are now necessary. But exactly how necessary? Is the tight end position really that important? Is Derek Carrier really that important?

Yes, I think so. I compiled statistics from 2009 to 2012 and used linear regression to see how, or if, tight end production correlates to the number of team wins over a season. For this purpose, I define tight end production uniquely, by multiplying together catches, yards, and touch downs (so six catches carry the same weight as one touchdown). The correlation is not strong, .139, but it is statistically significant.

The weak correlation is both expected and surprising at the same time. First, it’s expected because, quarterback aside, can we really expect any one position on the team to have such a large impact on wins over the length of a season? I don’t think so. Second, it’s surprising because .139 seems almost too high! We’re essentially saying that 14% of team wins can be attributed to tight end production.

Primarily to see if I was losing my mind, I performed the same exercise with running back production. My thinking here was running back stats can become inflated due to teams running more when protecting a lead, so there should be a higher correlation for running back production (that is, winning may dictate RB production rather than the opposite). Yet, when comparing running back production to team wins, the correlation is much weaker than tight end production (.039) and not statistically significant. Events are simply too random.

Note how tight end production is skewed more left than running back production. Exceptional tight end production seems to benefit teams more than exceptional running back production.

This surprised me. To validate the finding that tight end production correlates to wins (more than running back production), I performed a logistic regression to see just how tight end production impacts team success on a game-by-game basis. It turns out, when teams have no production from their tight end, they historically have had a 48.75% chance of winning. When teams really maximize production from their tight end position, like the New England Patriots did in 2011, they increase their odds to 70%.

These results seem to indicate that the tight end position is indeed that important. Is it really more important than running back? Hard to say for sure. But given their new found affinity for tight ends, the Philadelphia Eagles find themselves in a unique situation. Due to Jeremy Maclin’s injury, TE Clay Harbor may see some time at wide receiver; new free agent signee James Casey can line up anywhere on the football field; and Zach Ertz is an unproven, albeit talented, rookie. If Chip Kelly truly relishes the tight end position, it’s possible that Carrier, a Division III standout with great hands and 4.4 speed, can play himself onto the roster. More likely, however, is that Kelly will keep four tight ends, and if the statistical trends hold true, those tight ends will have the opportunity to produce. Big time.

Conspiracy Theory From the Mouth of the Establishment

Some great quotes from Presidents and pillars of the establishment describing how the world really works in the USA since the time of President Andrew Jackson.


"These capitalists generally act harmoniously, and in concert, to fleece the people, and now, that they have got into a quarrel with themselves, we are called upon to appropriate the people's money to settle the quarrel."- Pres. Abraham Lincoln, January 11, 1837

"The mischief springs from the power which the monied interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining...and unless you become more watchful in your states and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of government have been given or bartered away…." — Pres. Andrew Jackson

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves." — Pres. Andrew Jackson

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance."- Pres. James Madison

"Our 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…who necessarily by very reason of their own limitations, chill and check and destroy genuine economic freedom.” — Pres. Woodrow Wilson

“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson.” — Pres. Franklin D. Roosevelt in a letter to Col. Edward Mandell House (1933); as quoted in F.D.R.: His Personal Letters, 1928-1945 pg. 373

“It must be realized that whoever controls the volume of money in any country is absolutely master of all industry and commerce. And when you realise that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” — Pres. James Garfield

“The real rulers in Washington are invisible and exercise their power from behind the scenes.”— Justice Felix Frankfurter, U.S. Supreme Court

"I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected."- Sen. John Danforth

“It is well enough that the people of this nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford  


"Since I entered politics, I have chiefly had men's views confided to me privately.  Some of the biggest men in the U.S. in the field of commerce and manufacturing, 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." - President Woodrow Wilson - 1913

Posted 29th June 2011 by PJMULVEY

Parasite on a Parasite on a Parasite

“This is by no means a new idea, nor is it the least bit radical; it is deeply conservative and highly traditional. It was Aristotle who first defined the economy as an exchange of goods and services for money, commerce as a parasite on the economy (where those who create nothing extract a share by trading) and finance a parasite on commerce (which extracts a share by switching money from hand to hand – a parasite on a parasite). A typical US politician, such as the president, who counts financial companies such as Goldman Sachs among his top campaign donors, could be characterized as a parasite on a parasite on a parasite – a worm infesting the gut of a tick that is sucking blood from a vampire bat, if you like.” – Dimitri Orlov – The Five Stages of Collapse

The bastardized form of capitalism that passes for our economic system today is based upon a parasitic relationship between Too Big To Trust Wall Street banks, powerful mega-corporations, connected wealthy cronies, and bloodsucking politicians, with the American people as the debt bloated host. The parasites have put the host on life support in critical condition. It took forty years, since Nixon unleashed immoral bankers and devious politicians by decoupling our currency from gold, but the financialization and gutting of America through the false promises of globalization is almost complete. The quaint days of the 1950s and 1960s, when the country was supported by an economy that produced goods, invested in productive assets and citizens who saved money to buy things they desired, are long gone. The insane concepts espoused in the mid-1960s that created our current day welfare/warfare state required Americans to stop using their brains and start using their credit cards. The degenerate Wall Street banking cabal were thrilled to oblige by providing vast sums of debt to the government and the masses. Constant war, uncontrolled materialism, and an ever expanding welfare state is the triple crown of profits for unscrupulous bankers and corporate CEOs. Once the inconveniant anchor of gold was cut loose by Nixon, the bankers and politicians were free to guide the U.S. Titanic towards its ultimate destination.
The decades long shift from a productive manufacturing society based on savings and investing in productive capital assets to a predatory consumption society based on borrowing and spending has enriched the Wall Street financial elite and destroyed the working middle class. An economy where 25% of its GDP was produced by manufacturing products allowed all boats to rise. A hard working middle class family had a chance to move up the social ladder. An economy where more than 20% of its GDP is dependent upon parasitical financial intermediaries that produce nothing and add no value creates the extreme wealth inequality we have in our society today. Only the yachts rise in such a society. The shift has been slow and methodical and we’ve crossed the point of no return. The propaganda being spewed by the mainstream corporate media and the connected crony capitalists like Jeffrey Immelt about a U.S. based manufacturing revival is designed to pacify the distracted masses. The pillaging by the FIRE sector will continue until the host is deceased.

The growth as a percentage of our GDP in business & professional services from 5% of GDP in 1970 to 12% today provides further evidence of a country in a downward spiral. The country wastes billions hiring “experts” (lawyers, accountants, consultants) to interpret the millions of pages of indecipherable laws, regulations and tax codes created by politicians used to control, monitor, tax and bilk the masses. The 3,300% increase in spending on healthcare and education since 1970 has created tens of millions of sickly functional illiterates. The corporate food conglomerates mass produce processed poison, Madison Avenue maggots peddle the poison to the masses through relentless Bernaysian propaganda marketing, creating nauseatingly obese human beings, and then the corporate healthcare conglomerates treat the dozens of diseases created by this insane process with their drugs, while corporate profits soar ever higher. We all know that superstar corporate CEOs like Jack Welch, Jamie Dimon, Angelo Mozillo, and Mark Zuckerberg deserve hundreds of millions in compensation for adding so much value to our everyday lives. How would we survive without a Best Buy credit card through GE Capital at 21% interest, or a JP Morgan created credit default swap sold to customers and then shorted, or a subprime negative amortization liar loan used to purchase a $750,000 McMansion, or having a place to post every inane thought we have so employers and the NSA can keep up to date on our status.

The corpulent populace have been so dumbed down by the public educational system run by social engineers and union teachers, along with the 24/7 corporate media propaganda inundating them since childhood, they are content to stare into their boob tubes, play with their iGadgets, or read what a friend of a distant relative ate for breakfast, on Facebook. The government provides enough welfare handouts to keep the increasingly larger lower classes from rioting by borrowing $1 trillion per year from future unborn generations. When the middle class shows signs of discontent regarding their declining wages and lack of jobs, the government and the military industrial complex use the bogeyman of impending terror threats and evil foreign dictators to wage undeclared wars and distract the willfully ignorant masses. Plus, there are always fantasy football leagues, paying $300 to take your family to watch drug enhanced millionaire baseball players not run out a ground ball at a $1 billion taxpayer financed stadium, shopping at a suburban ghost mall with one of your nine credit cards to dull the pain of a meaningless pathetic life, or watch eight year old Honey Boo Boo dress like whore and parade before adult judges on the Discovery Channel. Our choice to ignore the basic mathematics of our lives has resulted in creating a nation of sub-humans wandering through life like zombies in a bad horror movie.

“Anyone who cannot cope with mathematics is not fully human. At best, he is a tolerable subhuman who has learned to wear his shoes, bathe, and not make messes in the house.” ― Robert A. Heinlein

And we owe it all to the bankers and politicians that have procured undue influence over the political, economic, and financial mechanisms that control the country. The 2008 financial collapse, systematically created by the pathologically egomaniacal financial elite who are programmed to thrust their vampire squid blood funnels into every potential pot of untapped wealth in the world, should have led the American people to tear down their criminal enterprise and throw the treacherous predators into prison. Instead, the fearful masses begged the Wall Street bankers and the pandering politician flunkies in Washington D.C. to steal more of their money. The bankers won again.

“They have been able to pay off politicians with political campaign funds and have been granted informal and unspoken yet complete immunity from prosecution, setting the scene for even bigger confiscations of investor capital. With the risk of legal repercussions so small and the temptation to steal so large, why would any of them not take advantage? What do they have to do to stop people from entrusting them with their savings? Put up neon signs that say, “We steal your money”?” – Dimitri Orlov – The Five Stages of Collapse

This capturing of unwarranted power by an unelected group of rich powerful men through deceitful means has left the country at the mercy of these psychopaths as their increasingly desperate measures insure the ultimate destruction of wealth across the planet. There are four central bankers (U.S., EU, Japan, China) who are the front men for the oligarchs. They are empowered with control over 70% of all the money on the planet. Do you think they have your best interests at heart? The financial crisis was caused by excessive levels of debt, created to benefit the issuers of the debt and the politicians who used the debt to promise voters more goodies than they could ever possibly deliver. Those politicians would be long gone before the IOUs came due, but the promises got them re-elected and made them rich. The “solutions” put forth by our owners since 2008 to solve our debt crisis have been to create debt at an even more rapid pace. Total credit market debt in the U.S. has surged by $6 trillion since 2007 to $57 trillion, 345% of GDP (it was 150% in 1970). The entire world is awash in un-payable levels of debt as reckless central bankers and gutless politicians know only one response to every crisis they cause – PRINT!!!

The decline in U.S. household debt has been solely due to write-offs, as the bad debt was shifted from reckless households and gluttonous bankers to the government books, where those who prudently abstained from the debt orgy are now on the hook for trillions of newly created unfunded obligations. Despite a moribund economy, with the lowest percentage of the population employed since 1983, consumer spending tanking, interest rates rising, gas prices near record highs, and poverty levels at all-time highs, corporate profits are off the charts. It seems the “solutions” implemented by the Ivy League MBA financial elite bankers and bureaucrats have had the desired result – enrichment of the criminal class who financialized the nation. The establishment and their media propaganda machine have somehow convinced a vast swath of Americans to believe that record profits accruing to the largest corporations in the world and stock market gains accruing to the 1% are beneficial to their lives. It’s a testament to the power of propaganda that people can be convinced to cheer on their own downfall as they are dehumanized and enslaved by the plantation owners who run this country.

“Crime follows money like a shadow. The more money there is within a society, the greater are its social inequalities. Financialization dehumanizes human relationships by reducing them to a question of numbers printed on pieces of paper, and a blind calculus for manipulating these numbers mechanically; those who take part in this abstract dance of numbers dehumanizes others and, in turn, lose their own humanity and can go on to perform other dehumanizing acts. Money is, in short, a socially toxic substance.” – Dimitri Orlov – The Five Stages of Collapse

There is no more revealing statistic than real median household income to gauge the winners and losers from the financialization and dehumanization of America. The real median household income of $52,100 is still 8% below the early 2008 level of $56,600. It is still 5% lower than it was in 1999, before the Federal Reserve/Wall Street bubble blowing wealth destruction machine really got going. In fact, real median household income has only risen 9% in the last 35 years. Prior to that, most families could live comfortably with only one spouse working. I’d be remiss if I didn’t point out that these calculations are based on the fraudulently manipulated CPI figures which are understated by at least 3% per year. Using a true measure of inflation would reveal median household income to be lower today than it was in the mid-1960s. The bottom 80% have seen a decline in their standard of living since the mid-1960s as inflation has robbed them of purchasing power and the financial elite have skimmed the cream off the top of our economic system. The economic gains have accrued to the top 5%, with astronomical gains being amassed by the .1% ruling elite, who have rigged the game in their favor through laws written by their lobbyists, regulatory shenanigans, tax code manipulation, and buying off politicians. Thank you Bob Rubin, Larry Summers, and Phil Gramm for repealing Glass Steagall and stopping any regulation of financial derivatives. Where would the country be without those two courageous acts on your part?

Those in control of the system have succeeded beyond their wildest dreams as 72% of all the wealth in the US is held in the hands of 5% of the population, with 42% of this in the hands of the top 1%. The top 1% now “earn” over 20% of all the income in the U.S., a level exceeded only once before in the 1920s prior to the Great Crash of 1929 and ensuing Depression. During the heyday of middle class upward mobility, from 1950 through 1970, the top 1% earned 10% of all income. Today, the top 1% is dominated by debt peddling bankers creating derivatives of mass destruction, hedge fund egomaniacs in collusion with bankers to syphon capital away from productive ventures, mega-corporation job destroying executives, entertainment personalities, and shyster lawyers preying on the weak and feeble minded. Our insane society heaps accolades on these rich and famous narcissists, who add no value, produce nothing, create economic havoc, and drain the lifeblood from the dying carcass of a once great nation. The nearly extinct middle class owes their fate to the malevolent men that turned the country into a gambling casino of debt, derivatives, delusion and dreams of jackpots that will never materialize. The bankers and their cronies run the casino and the house always wins, as the chart below confirms.

It is mind boggling that we have allowed ourselves to be brainwashed by the ruling class about the tremendous benefits of globalization, efficiency, productivity, and profitability. When academia, the mass media, and government leaders use their power and influence to convince the masses that ever higher mega-corporation profits benefit the well-being of the country, you end up where we are today. Globalization was nothing more than a scheme by our biggest corporations to use labor arbitrage as a way to increase profits. As American jobs were disappeared overseas to countries that allow slave labor conditions and wages, median household income declined.
The banking cabal stepped to the plate and convinced the increasingly poorer middle class to replace that lost income with easily accessible debt. Just whip out that credit card and use your house as an ATM and you still give the appearance of increasing wealth. You might be in debt up to your eyeballs but, by God, at least the neighbors would think you were doing great. Until the foreclosure sign went up in front of your house in 2009. The marriage of corporations outsourcing American jobs to China with consumer debt peddled by the predator banks was a match made in heaven until the country ran out of decent paying jobs, one in six people was on food stamps, and the average middle class family was drowning in debt. People are beginning to wake up to the fact that corporate efficiency and productivity means firing American workers, cutting benefits, and bigger bonuses for corporate executives as their stock price is boosted by the announcement of more layoffs. The country has been gutted by the predator class in their unquenchable thirst for more. Human nature never changes. Greed, desire, avarice and stupidity will always rear their heads, leading to predictable outcomes.

“Indeed, it had not – not when the nation’s most sophisticated corporate financiers and their accountants were constantly at work finding new instruments of deception barely within the law; not when supposedly cool-headed fund managers had become fanatical votaries at the altar of instant performance; not when brokers’ devotion to their customers interest was constantly being compromised by private professional deals or the pressure to produce commissions; and not when the style-setting leaders of professional investing were plunging as greedily and recklessly as any amateur.” – John Brooks

The psychopaths controlling this country have fashioned untenable financial conditions by further weakening an already structurally deficient economic structure that will result in an epic flood of financial destruction destined to destroy the lives of millions in the U.S. and around the globe. Those who put their faith in financialization and interconnected globalization will reap what they have sowed. We will all feast at a banquet of consequences. Encouraging central bankers across the world to print trillions of fiat currency out of thin air as the solution to our debt problem is the ultimate in idiocracy. The unsustainability of this scheme should be evident to even an Ivy League economist. But the dimwitted government apparatchiks, overeducated economists, greedy corporate executives, vacuous media talking heads, and intellectually dishonest journalists cheer on Ben Bernanke and his central banker brethren.
When you see a Bloomberg bimbo interviewing an Ivy League Wall Street economist about the tremendous merits of QE to infinity, you have a millionaire interviewing a multi-millionaire, with both working for corporations owned by billionaires. Their jobs depend upon the sustenance and further enrichment of the establishment. Therefore, they will lie, obfuscate and mislead their audience about the criminality of their bosses and the true consequences of these crimes against humanity. The existing hierarchy will not willingly surrender their control, power and illegitimately acquired wealth. Only the process of economic collapse, war and revolution will end their reign of terror.
We’ve seen it all before. The cycles of human history have provided us with centuries of proof that a few evil men can gain control over a civilization and procure an inordinate amount of wealth and power before ultimately relinquishing it due to their myopic pathological desire to acquire more. Powerful wealthy narcissists are never satisfied with what they have. Their arrogance and hubris will always be their downfall. Their foolish belief in their own omniscience reveals their true ignorance. Their enormous egos and confidence in the linearity of history blind them to their impending demise. Time is no longer on their side. A reckoning will happen within the next decade. Their gated communities and penthouse doormen will not keep them safe.
The American people cannot shirk their responsibility for this ongoing tragedy. The evil men could only pull off this bank heist with the silent consent of the governed. And that is exactly what has happened. The American people have been gradually persuaded through propaganda and fear to willingly give up freedom, liberty and self-responsibility for safety, security and government provided succor. Over the last forty years the Americans people have allowed themselves to be enslaved in debt by bankers, corporations and politicians, who realized all the riches, while binding the citizens in chains made of credit cards and mortgages. Now that the system has reached its breaking point and the further issuance of debt no longer generates the appearance of growth, the ruling class have resorted to more authoritarian measures, all done in the name of protecting us from phantom terrorists and evil dictators. It’s for the children.
Decisions about our economy are made in secret meetings by unelected officials and with sparse details announced with great fanfare by the corporate media. The President, with the full support of the military industrial complex, chooses which dictators are evil and which are good, with each being interchangeable depending upon the circumstances. The iron fist of American democracy attacks countries at will, without a declaration of war as mandated by the U.S. Constitution. Twenty five hundred page laws, indecipherable reams of regulations, and 60,000 pages of tax code are rammed down the throats of Americans without the benefit of even a debate. Each crisis caused by the previous government solution is met with more laws and regulations, designed and written by the very entities they were supposed to control. The farce of party politics is used to give people the appearance of choice, when there is not an iota of policy difference when the opposing party assumes power.
The people are told every situation is too complicated for them to understand and they should let the “experts” solve the problems. Every authoritarian measure used to control dissent among those capable of thinking is done in the name of national security. Edward Snowden is declared a traitor for revealing the traitorous actions of our own government, and the people silently consent. The head of the NSA is caught lying to Congress, and no one cares. The Department of Homeland Security locks down one of the biggest cities in America looking for a teenager and the people cower and beg Big Brother for more protection. The NSA and other secretive government agencies treat the 4^th Amendment like toilet paper, and the people feebly respond by breathlessly texting, twittering and facebooking about Anthony Weiner’s cock. The U.S. military desensitizes the masses by conducting live fire exercises in American cities, and the people just change the channel to Bridezillas or I Didn’t Know I Was Pregnant.
Each new economic “surprise”; each new foreign “threat”; each new government “solution” is met with secrecy, spin, and no avenue for the people to impact the decisions made by our owners. The people no longer matter. They can’t change the course of the country through legal means or the ballot box because the system has been captured. It has happened before. The American people are under the mistaken impression we are free. That boat has sailed. Our economic, financial and political systems have been usurped by malicious men posing as gangsters in this saga. We have allowed this to happen. We mistakenly put our trust in bankers, academics and politicians and will suffer the consequences of our choices, just as the German people experienced during the last Fourth Turning.

“What happened here was the gradual habituation of the people, little by little, to being governed by surprise; to receiving decisions deliberated in secret; to believing that the situation was so complicated that the government had to act on information which the people could not understand, or so dangerous that, even if the people could not understand it, it could not be released because of national security.

Each step was so small, so inconsequential, so well explained or, on occasion, ‘regretted,’ that unless one understood what the whole thing was in principle, what all these ‘little measures’… must someday lead to, one no more saw it developing from day to day than a farmer in his field sees the corn growing…. Each act… is worse than the last, but only a little worse. You wait for the next and the next. You wait for one great shocking occasion, thinking that others, when such a shock comes, will join you in resisting somehow.” – Milton Mayer, They Thought They Were Free, The Germans 1933-45

In the fourth and final installment of this seemingly never ending treatise on a world gone insane, I’ll address how the disintigration of trust will ultimately lead to a collapse of the worldwide Ponzi scheme and how the collapse could lead to a rebirth of a society built upon family, community, cooperation, local commerce, compassion, freedom and liberty. I can dream, can’t I?                 http://www.washingtonsblog.com/

TRYING TO STAY SANE IN AN INSANE WORLD – PART 3

Posted on August 26, 2013 by JimQ

In Part 1 of this article I documented the insane remedies prescribed by the mad banker scientists presiding over this preposterous fiat experiment since they blew up the lab in 2008. In Part 2 I tried to articulate why the country has allowed itself to be brought to the brink of catastrophe. There is no turning back time. The choices we’ve made and avoided making over the last one hundred years are going to come home to roost over the next fifteen years. We are in the midst of a great Crisis that will not be resolved until the mid-2020s. The propagandists supporting the vested interests continue to assure the voluntarily oblivious populace the economy is improving, jobs are plentiful, inflation is under control, and housing is recovering. Bernanke and his band of merry money manipulators, Obama and his gaggle of government apparatchiks, and their mendacious mainstream media mouthpieces have enacted radical measures in the last five years that reek of desperation in their effort to give the appearance of revival to a failing economic system. Stimulating the net worth of bankers and connected corporate cronies through engineered stock market gains has not trickled down to the peasants. Our owners try to convince us it’s raining, but we know they’re pissing down our backs. Our Crisis mood is congealing.

“But as the Crisis mood congeals, people will come to the jarring realization that they have grown helplessly dependent on a teetering edifice of anonymous transactions and paper guarantees. Many Americans won’t know where their savings are, who their employer is, what their pension is, or how their government works. The era will have left the financial world arbitraged and tentacled: Debtors won’t know who holds their notes, homeowners who owns their mortgages, and shareholders who runs their equities – and vice versa.” - The Fourth Turning – Strauss & Howe – 1997

The core elements of this Crisis have been discernible for decades. The accumulation of private and public debt; the civic, moral, and intellectual decay of our society; the growing power of the corrupt corporate fascist surveillance state; growing wealth inequality created by crony capitalist skullduggery; the peak in cheap easily accessible oil; and global disorder caused by overpopulation, scarce resources, religious zealotry, and war; combine in a toxic brew of unimaginable pain, anguish and tragedy. The Crisis began in September 2008 and the sole purpose of the deceitful establishment has been to avert a catastrophe that is destined to extinguish the wealth, power and control they’ve treacherously procured over the last few decades.
The appearance of stability is illusory, as the civic fabric of the country continues to tear asunder. Record high stock markets do not trickle down. The debt engineered stock market gains enrich the .1% at the expense of the working class. Bernanke’s “wealth effect” theory is a charade. He has backed the country into a corner with no escape for the prisoners of his QE prison (he’ll escape to collect his Wall Street paycheck in January). He knows that without the combined $300 billion per month being pumped into the veins of zombie U.S., European and Japanese insolvent zombie banks by central bankers, the worldwide financial system will implode. He blathers on about tapering while awaiting the next government manufactured crisis to give him an excuse to continue or increase his money printing exercise. Control P is the only key on Bennie’s laptop. To think dropping trillions of dollars into the laps of Wall Street will somehow stimulate Main Street is beyond laughable. Some ideas are so ridiculous that only intellectuals and academics could possibly believe them.
The masters of propaganda seem baffled that their standard operating procedures are not generating the expected response from the serfs. They have failed to take into account the generational mood changes that occur during Fourth Turnings. Propaganda loses its effectiveness in proportion to the pain and distress being experienced by the citizenry. Goebbels’ propaganda enthused and motivated the German people during the 1930s as Hitler re-armed, scrapped the Versailles Treaty and took over countries, as well as when he was conquering Poland and France in the early phase of World War II. Propaganda didn’t work so well when the U.S. Air Force was obliterating Dresden, Hitler was hunkered down in his bunker about to put a bullet in his skull, and the Russians were on the outskirts of a burning Berlin. Propaganda works when the people want to believe the falsehoods. When the cold harsh reality slaps them in the face, propaganda no longer works.
Propaganda Working Well Propaganda Not Working So Well

The American Empire propaganda machine continues to gyrate but the gears are getting clogged with the gunk of mistruths revealed. Even the willfully ignorant masses are beginning to realize they have been screwed by those running the show. After five years of debt bankrolled “no Wall Street banker left behind solutions” and Keynesian crony capitalist handouts, real median household income is 8% lower, there are 5 million less full-time jobs, there are 19 million more Americans on food stamps, gasoline prices hover near all-time high levels, health insurance premiums are skyrocketing, local, state and Federal taxes relentlessly rise, and the national debt has gone hyperbolic – up by $6.7 trillion in five years.

This 67% increase is more debt than the country accumulated in the 214 years from its founding in 1789 through 2003. The $6.7 trillion of new debt, along with Bernanke printing almost $3 trillion of new fiat dollars and handed to his puppet masters on Wall Street, have generated a pitiful $1.8 trillion of GDP growth. We know Main Street has not benefitted from this insane expansion of our empire of debt. But, someone benefitted.

Shockingly, those who profited from the actions of Bernanke, Obama, Congress, and the U.S. Treasury are the very same malevolent predators that created the financial disaster and prompted the emergency response in the first place. QE to infinity has not been a failure. It has done exactly what it was designed to do. In September 2008 every major Wall Street bank was insolvent. Orderly bankruptcy under existing law was the solution. The richest, most powerful men in the world would have seen vast amounts of their illicitly acquired wealth vaporized. Hundreds of billions in bad debt would have been written off, with no lasting impact on the average American. A brief violent depression would have ensued, but with the bad debt purged from the system and only prudent sensible bankers left, the economy would have rapidly recovered. Instead, a small cadre of financial elite hatched a plan to preserve their ill-gotten gains through accounting fraud, and manipulation of monetary and fiscal policy.
Bernanke and Paulson compelled the pocket protector wearing accounting weenies at the FASB to allow Wall Street banks to mark their assets to make believe rather than market. Bernanke then proceeded to buy up toxic assets from the Wall Street banks, providing a never ending flow of QE heroin injected directly into the veins of Wall Street bankers, and paying .25% on all deposits made by the Wall Street banks. Bernanke didn’t do this so the banks could make loans to John and Susie Q Public and small time entrepreneurs with great business ideas. He did it so Wall Street could repair their insolvent balance sheets on the backs of American taxpayers. The $2 trillion of excess reserves parked at the Federal Reserve by Wall Street banks is “earning” $5 billion of risk free profits for the Too Big to Trust autocrats. Wall Street has generated billions of additional accounting entry “profits” by pretending their future losses on worthless loans will be minimal. Lastly, the “Bernanke Put” allows the Wall Street traders to use their HFT supercomputers and advanced notice of economic data to front run the muppets and syphon billions of risk free trading profits from the real economy. The chart below reveals all you need to know about the true purpose of Bernanke’s QEfinity.

You’d have to be blind, deaf and dumb to not realize who Bernanke is really working for. But it seems the majority of people in this country don’t care, don’t understand or don’t want to know the truth, as long as the ATM keeps spitting out twenty dollar bills, there are still Cool Ranch Doritos on the shelf at the Piggly Wiggly, and the EBT card gets recharged on the first of the month.

“The mischief springs from the power which the monied interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining…and unless you become more watchful in your states and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of government have been given or bartered away….” ― Andrew Jackson