Friday, November 19, 2010

Worth Watching

This video is long and very worthwhile. I beg you to watch the whole thing. It tells you who/what really owns this country. I had previously shown how government pensions own Harrah's casinos.

The truth is that public enterprise organizations and public pensions control the corporations by owning the stock. The Wall Street crash and the federal "bailout" took the stock away from the state and local funds and federalized them. That is why the Federal government now owns GM, Chrysler, the banks...

The issue that this man discusses is about taxes not being necessary. People will like that; but, the bigger issue is the ownership and control of the corporations. The public retirement funds are used to achieve political ends.