Dillon, Read & Co. Inc. and the Aristocracy of Stock Profits

Here is an 0n-line version of Catherine Austin Fitts' story about trying to find answers to her questions about how aristocracy of the American economic system essentially high jacked the financial mechanisms of our government.

Here is excerpt:

"I decided to write “Dillon Read & Co Inc. and the Aristocracy of Stock Profits” as a case study designed to help illuminate the deeper system. It details the story of two teams with two competing visions for America. The first was a vision shared by my old firm on Wall Street — Dillon Read — and the Clinton Administration with the full support of a bipartisan Congress. In this vision, America's aristocracy makes money by ensnaring our youth in a pincer movement of drugs and prisons and wins middle class support for these policies through a steady and growing stream of government funding and contracts for War on Drugs activities at federal, state and local levels. This consensus is made all the more powerful by the gush of growing debt and derivatives used to bubble the housing and mortgage markets, manipulate the stock and precious metals markets and finance trillions missing from the US government in the largest pump and dump in history — the pump and dump of the entire American economy. This is more than a process designed to wipe out the middle class. This is genocide — a much more subtle and lethal version than ever before perpetrated by the scoundrels of our history texts."

I recommend that you go to the Table of contents link and tackle one chapter at a time. It is a little long but I think that this is a very important read that every American should digest.

Many things that Fitts describes is probably not all that surprising when it comes to the graft and corruption that has eaten away at our nation and it's financial institutions. What is amazing to me is the complete buy-in of the 'go along to get along' attitude by the business leaders and government officials as they fleece the tax payers and destroy any real chance of a sustainable and free market economy in this country.

Catherine Austin Fitts is one of American's true heros. It took a lot of courage to standup for what is right and just. She sacrificed all but her life and family. I hope that her efforts and ideas find some solid footing in our effort to fix the economic and social mess we find ourselves in today.