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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Wednesday, August 24, 2011

The Federal Government Is Our Servant Not Our Master

Larry's Corner
Does the government fear us? Or do we fear the government? When the people fear the government, tyranny has found victory. The federal government is our servant, not our master!
The above quote is taken from the Thomas Jefferson  Monticello site.  Jefferson is often quoted.  There seems to have been an understanding and a vision by our forefathers that has been lost somewhere along the way. 

Here we are, American, the wealthiest and most powerful nation in the world yet we are quickly becoming a third world country as Ariana Huffington writes in her book Third World America. (click read why she wrote this book)

The danger in all this is that much of the power that we have can and someday might be used against us.  I speak not only of military power, yet that is very definitely a concern, I speak of the power to intimidate and hold captive the population as a whole allowing only a very small minority access to the freedoms and opportunities we are all entitled to.

What prompts me to write this are the comments received on Joyce's last post, Blankfein and Others Lawyer Up at Goldman Sachs.

Most of the readers comments relate to the disbelief that fraud is so blatant yet no one in government seems to do anything about it.  In fact, government seems to be protecting the fruadsters and even more alarming the fact that government gives them more of our money to continue their criminal, fraudulent activities.

The old saying, the rich get richer and the poor get poorer is very true today.  The elimination of the middle class and the growth of the poor in contrast with the ever increasing wealth of the already rich (be they corporations or individuals) is alarming. 

As we sit in our living rooms every night, we witness the people of countries who for years and even centuries have been governed under dictatorial rule, take control of their lives and overturn their oppressive dictatorships.

There is a transformation in Africa and the Middle East.  People wanting freedom which leads to opportunity.  An amazing turn of events if you think about it.

Yet, as we sit and watch these events unfold in real time around the globe we seem to be immune to the oppressions being forced upon us right here in the good ole USA.

Mike Morgan, our founder, said it when he first began this blog, "WAKE UP AMERICA".  He saw - as did others of us who joined him - the dangers of the actions of the leaders of our major corporations like Goldman Sachs.  Lloyd Blankfein in conjunction with his predecessor, Hank Paulson - former Treasury Secretary - orchestrated what I believe to be the greatest fraud and ponzi scheme in the history of the world. 

Now we sit idly by as these many frauds are paraded around in front of our faces almost mockingly daring us to take action against them.  But to do so would mean to take action against our very own elected officials but their power instills the fear in us so we won't.  TYRANNY!

For the few people like New York's AG Eric Schneiderman retribution came by his removal  from a leadership role in negotiating a nationwide foreclosure settlement with U.S. banks because his office “actively worked to undermine” the effort, as reported by a state official.

In addition, two attorneys working for the Florida Attorney General's office - under the previous administration bank fraud were fired by the new AG, Pam Biondi who works for another corporate crook, our governor, Rick Scott.  They were too knowledgeable and probably getting to close to bringing charges.  End result, the investigations came to an abrupt end.  

Now Governor Scott was founder of Columbia/HCA Hospitals who during his reign as Chairman and CEO defrauded medicare for over 10 years.  While again, no indictments or convictions resulted from this (the rich have an open ended "get out of jail free" card) the company paid the largest fine EVER - $1.7 billion.  The company he lead plead guilty to 14 felony charges but no admission of guilt required by the leader when you just pay a fine which is just a fraction of your earnings.  But even more important and astonishing is that NO jail time for this massive criminal act for anyone.

We, The People, are being led like sheep to the slaughter.  Hence we are now known as The Sheeple.  We seem to be to afraid to speak up and out.  We live in fear of our government who can do as they will against us to maintain their status quo. 

Gone are the 60's where the masses rallied against the government to stand up for what they believed was right.  The people had an effect.  Were it not for the massive outcry from the people, the Viet Nam war would have raged for many more years.  The 50,000 plus death toll could have easily doubled or tripled.  Then the government feared the people.  LIBERTY!

We need not take up arms in order to accomplish regaining our Liberty.  We can use the voting booths at every election.  We can start by joining the party of 'NON INCUMBANTS'.  We clean house every chance we get of the old regime -yes they are a regime - and put into place people like you and me.  People who will understand the basic principal that Jefferson wrote in the quote at the top of this post.  The Federal Government is our SERVANT not our MASTER.  The sooner we get back to that base, the sooner we can begin to control the corporations who seem to have captured our government turning them into their servants.

A friend and neighbor said to me a couple of years ago, "this is a battle for control between the banking industry and the government and the banks are winning".  His words ring very true today.

We will keep reporting and aggregating the news against Goldman Sachs and the other bandits of our time.  I will continue to speak up and out and continue to editorialize in this forum as well  as in my sister publication, TheForeclosureDetonator.

As I always say, "Together We CAN Make A Difference".  "The Law Is The Law For EVERYONE"!
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Anonymous said...

Where Are We?

There has never been a time in history when debt problems globally have been this monstrous. At the beginning of the year, I quoted 87 year old Harry Schultz. He is now retired but is widely respected for his economic and market calls. In his last newsletter, Schultz summed up the calamity we face by saying, “Roughly speaking, the mess we are in is the worst since 17th century financial collapse. Comparisons with the 1930’s are ludicrous. We’ve gone far beyond that. And, alas, the courage & political will to recognize the mess & act wisely to reverse gears, is absent in U.S. leadership, where the problems were hatched & where the rot is by far the deepest.”

Anonymous said...

Another headline to placate?

SEC Officials Are Focus of Inquiry

The Securities and Exchange Commission's internal watchdog is investigating whether enforcement officials misled the government's archives agency last year by saying the SEC was "not aware" of the destruction of certain probe-related records, according to people familiar with the matter.

The matter is part of a broader, continuing investigation by the SEC's Inspector General office into whether the Wall Street regulator improperly destroyed thousands of records connected to "matters under inquiry," or MUIs. MUIs are the enforcement division's preliminary looks into potential violations of securities law at hedge funds, Wall Street banks and other firms. MUIs sometimes lead to formal ...

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