|“[The Civil War*] has indeed been a trying hour for the Republic, but I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices** [emphasis added] of the people until all wealth is aggregated in a few hands and the Republic is destroyed “-- President Lincoln, in a letter to a friend in 1864.
*Read also as the so-called “War on Terror”
**Read as the newly created racism on Arabs/Muslims/Islam through the diabolically engineered “clash of civilizations” scenario. See Dick Eastman’s quote in Six Six Six, The Power Behind a Destructive World, The Not Nice New World Order People Menu, and How The “Clash of Civilizations” Doctrine was Manufactured in An Unhealthy Kind of Globalization Menu -- NewWorldPeace.com
Why do I think the time has come for a neighborhood to determine how local sources and uses of federal tax dollars and other resources could be reengineered?
Every few months someone sends me a matrix that is an aggregation of quarterly statistics issued by the Bureau of Economic Analysis (see Appendix.)
It provides one snapshot of all the players in the US economy for that quarter. How's the government doing? How are corporations doing? How are citizens doing?
The latest matrix shows that the average American has an annual income of $32,137, annual expenses of $37,099 and negative savings of $4,962. This "negative savings" per citizen number has been at this approximate level for several years. I presume that this means folks have been borrowing or liquidating assets to pay the rent.
That is what I see here in Hardeman County, Tennessee as well as driving around the country. I knew we were in trouble when I started to see more car sales as yard sales. A car sale is when someone sells the possessions from the back of your car because they don't have a yard and a house. Another economic indicator is the growing number of passenger cars that serve as "motel rooms" at the highway rest areas. More and more highway rest areas are taking on a nightly residential life of their own.
I find this number $4,962 of "negative savings" fascinating because it has such a complimentary ring to another number that I use constantly --- $4,835. Let me explain this second number.
Based on 1999 IRS statistics and the April 2000 census, we pay taxes equivalent to $5,688 per American resident --- that is every man, woman and child in America. Of that amount, in the federal budget prior to the 9-11 increases, $4,835 goes to federal agencies that do not produce reliable financial systems and audits as required by law. (See Appendix below for a per state breakdown and links to articles) Two of these agencies, the Departments of Defense (DOD) and Housing and Urban Development (HUD) have over $3.3 trillion of undocumentable adjustments to their books in fiscal 1998-2000. That is approximately $11,700 per citizen. Bureau of Economic Analysis statistics for the same period show that as citizens savings are negative, corporations wealth grows.
In a nutshell, the American people are liquidating their assets and those assets are being transferred to large corporations. The Enron story is a case study that explains that this transfer has nothing to do with market performance. Indeed, the government is playing a critical role in helping to facilitate this process both through the market place with market regulation, enforcement and insider trading or through government budgets with government contracts and subsidies. This is one of the reasons that control of federal agencies and their information and accounting systems by private government contractors is so disturbing.
The reality is that we pay almost $6,000 a year to the IRS, almost $5,000 a year goes unaccounted for, and essentially much of it is spent in a way that helps the rich get richer and the poor get poorer. Instead of doing what we pay them to do, government uses the money to help large corporations get rich in a way that makes us poor. It is a double hit to our bottom line. One, we are not getting the services that we are paying for. Two, we are paying the government to help corporations take over our land, markets and businesses using our tax money and our retirement savings. Many of us have supported and promoted this system, because it offered more short term benefits and cash. We are promoting our own financial demise.
The Transfer of Our Wealth
By Catherine Austin Fitts
Posted on the Independent Newswire on 1 May 2002
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Global Conspiracy and the Beast Merge