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When the U.S. Congressional Pujo Committee investigated the conspiracy of interlocking directorates (the fact that multiple corporate boards were made up of the same people across multiple industries including ones with conflicts of interest) in 1912 and 1913, they realized that, in the decades following the Civil War, the United States had become effectively controlled (through its monetary system) by a few life insurance and banking interests.<\/p>\n
The mechanisms were very transparent.\u00a0\u00a0Wages were set to be barely sufficient to motivate persistence of labor.\u00a0\u00a0Not surprisingly, the knowledge of labor costs was shared by, you guessed it, directors who got inside knowledge of each other\u2019s businesses and could thereby control the labor supply.\u00a0\u00a0Consumption was encouraged to keep people addicted to whatever was \u201cnew\u201d or \u201cmodern\u201d.\u00a0\u00a0And all of this was an elaborate scheme concocted to enrich the life insurance industry and their capital beneficiaries \u2013 banks.<\/p>\n
And why do I call them beneficiaries?\u00a0\u00a0Simple.\u00a0\u00a0The principal beneficiary of the life insurance payout in the rare instance that happens is the banks who hold unpaid debt \u2013 both consumer credit and mortgages.\u00a0\u00a0To this day, have you ever wondered why purchasing a home often involves the usurious practice of also buying Private Mortgage Insurance (PMI)?\u00a0\u00a0That\u2019s because the real beneficiary of your home purchase is the: a) bank that creates your debt asset; and, b) the insurer who seldom, if ever, pays out.<\/p>\n
To keep it simple \u2013 here\u2019s how the scam worked then AND WORKS NOW!<\/p>\n
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- Keep people paid just at the margin of \u2018enough\u2019 but encourage them to live just a little beyond their means to ensure that indebtedness was persistent and would incentivize indentured obligations;<\/li>\n
- Encourage credit \u2013 particularly in mortgages \u2013 by incentivizing \u2018home ownership\u2019 for the purpose of manufacturing debt \u2018assets\u2019 for banks;<\/li>\n
- Sell life insurance to settle indebtedness in death never telling the public how much present value was lost in meeting actuarial obligations in death; and,<\/li>\n
- Set the maturity of life insurance to lead many people to buy products that never would pay out in death (term policies).<\/li>\n<\/ol>\n
In my film,\u00a0American R\/evolution<\/em><\/strong>\u00a0(https:\/\/winderwebdesign.com\/davidmartin\/american-r-evolution\/<\/a><\/b>) \u2013 a two hour history of the death denominated U.S. economy \u2013 I discuss the thinly veiled control that life insurance has had on our country since the Civil War.<\/p>\n
So, as I was musing about who might be benefiting from the charade playing out before us now and in which we are all thought to be simpletons, I wondered how much has changed.<\/p>\n
\u201cWhy not,\u201d I thought, \u201cread House Resolution 6312 recently introduced by Congress entitled the \u201cCOVID\u201319 Relief for Small Businesses Act of 2020<\/strong>\u201d.\u00a0\u00a0Heralded as a landmark rescue package for the businesses that employ an estimated 90% of America, this $350 billion out of the $2 trillion package (yes, you should pause and think about how horrific the mismatch ratio is), I was optimistic that I\u2019d see the best interest of Small Business as the leading priority.<\/p>\n
Then came the bad news.<\/p>\n
Before payroll for small business is even mentioned, the real beneficiaries are named.\u00a0\u00a0Have a look for yourself.\u00a0\u00a0The $350 billion bailout is so that:<\/p>\n
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- banks can get their loans repaid<\/u><\/em><\/strong>; and,<\/strong><\/li>\n
- \u00a0life insurers can keep getting their premiums<\/u><\/em>.<\/u><\/strong><\/li>\n<\/ol>\n
See for yourself!\u00a0\u00a0Paying wages is the third priority.<\/p>\n
Where were any of the real or fake news outlets when they were fawning over this bill?\u00a0\u00a0That\u2019s right.\u00a0\u00a0NOT READING IT! Your tax dollars are being spent on yet another banking and life insurance protection racket!<\/p>\n
- \u00a0life insurers can keep getting their premiums<\/u><\/em>.<\/u><\/strong><\/li>\n<\/ol>\n
- banks can get their loans repaid<\/u><\/em><\/strong>; and,<\/strong><\/li>\n