March 19, 2011

Corporation Nation

Clint Richardson

The (Government-owned) Corporation Nation

Clint Richardson interviews

01/22'11 Richardson on Gnostic Media with peace revolutionary Jan Irvin

@ 22 min) Government owns collective stock investments, meaning all of the 185.000 different corporations that are governments collectively own controlling stock within all Fortune 500 companies, many many international companies as well as smaller corporations. We're also talking about golf courses, we're talking about malls, movie theatres – these are enterprise operations. They build condos, our government is building condos all over the world. There is so many aspects to this that it's really frightening in its implications.
So what I did in the actual documentary is to ... just on actual CAFRs for pension funds, they actually have the top ten stock holdings and they are also invested in real estate and mortgage-backed securities, they actually lend money like a bank – it's a huge business with billions and billions in profit each year, aside from 2008 to 2009 where the stock market fell. [...]

Jan) Can you explain exactly what the Comprehensive Annual Financial Report is?

Clint) Sure. It's actually a federal law that all corporations, whether they be government or other, must file the annual report. It's sometimes called the "CAFR", sometimes it's called "Financial Statements", it can be just called "Annual Report" but it is the ... With government: The difference between the CAFR which is not given to the public and the taxpayer budget which is given to the public and shown every year – it's what they base their budgets on: Basically, the taxpayer budget only accounts for tax in, or tax collected from the people, and tax out. So, when you see the budget and when you see that every year the budget is ... you know, they're spending more money than they're taking in and therefore they have to raise taxes or raise property taxes and what not, they are not showing you the full financial report which is the CAFR. Now, in the comprehensive report you see everything else.
You see all of the investments, you see several different funds:
for instance, the city of Detroit has about 32 different funds. They can be designated for construction, for land beautification. They can be structured to build a mall, they can be structured for all kinds of different things. The point is there are extreme amounts of money hidden within these funds and hidden within government. The report actually shows a great majority of this.

For instance, I pulled up the Salt Lake County CAFR and just one fund, which is a state fund that's not reported in any way except on the CAFR, is 300 million dollars just in the state investment fund. And that's sitting there, it can be used. All they have to do is give, I think, a couple of day notice that they're gonna withdraw more than two million dollars, and that money can be used for anything. It can be used to pay any budgetary obligation.
And that's the case with all municipalities, cities, counties and states. They all have this money hidden within these investment funds. And it's not necessarily hidden, it's just not reported to the taxpayers, it's only reported on the CAFR which is a full financial statement of each individual government.

Jan) If the governments don't have stockholders then where is all that money going that they are profiting?

Clint) That's a good question and something I haven't gotten far enough to really comprehend.
I do know that it's being invested in other countries.
I do know that there is major discrepancies when it comes to these reports [...]
I wouldn't say that they're scratching anyone's back because literally, they control these corporations [...] they have over fifty percent of the stock in all of these corporations, so they literally own those corporations. And collectively, because it's not all in one government, it's all over the whole spectrum of government corporations across America. We can see that in their own reports: They say that we vote through proxy vote because we have the control, we have the stock. You know, () has 30 million shares of Microsoft stock and therefore it gets that many votes towards the companies what they call corporate governance or the way that each of these governments vote for things like mergers and acquisitions ... everything, everything that happens: The board of directors, they vote on who is gonna be the board of directors and, of course, the board of directors votes on who is gonna be the CEO of the company. So government has control of everything that happens within the Fortune 500 stock of corporations, because it votes on all of these proxy issues that come up with the board of directors. So scratching a friend's back is an understatement.
This is complete ownership of the corporate structure of America – thus "The Corporation Nation".

Jan) Okay, so they literally take ownership of this company and then they are bringing in all of this money and sucking these companies and society dry. But is there ... I'm just trying to figure out who ... you know, the money has to be going upwards to some place ...

Clint) Most people want to think of this in a way that you think of a shadow government, the shadowy elite who are running things, and I have no doubt that those people exist.
("Fight the N.W.O. with Global Non Compliance" pt 2 of 3)
I think we can all agree that the Rothschilds are quite prominent within the world economy, but that's not really what we're talking about. What we're talking about, and this is a very important concept to get because this is a collaborative effort, and it's people that are doing this. People, you know ...
[I like how Clint laughs at the neuralgic points of the interview.]

What's happened with government and with the corporate work force is that we have lost something called ethics.
We've lost morals and we've lost values – especially when it comes to business.
In fact, I would argue that you cannot get ahead in government or in any type of corporate structure without lying, and cheating, and stealing your way to the top.
Jan) I would certainly agree with that.

Clint) Okay. So, what we have is a situation where people, if they do go and work for government, are either a part of the corporation or are not a part of the corporation. If you don't agree, if you have this crisis of conscious, which I'm hoping people will start having, and you say I can't be a part of this: you're hoarding trillions and trillions of dollars from the people while you let them starve, I don't want to be a part of this.
I actually call for a boycott of everything that is government and that includes all of their corporations that they own through stock investment.

The important thing to understand though is there's a lot of people out there that are only interested in getting ahead [...] feeding their family and supporting themselves, and to do that you become part of this corporate structure. Because, you know, it's really hard to really get into business for yourself now, because every aspect of business and all the products are pretty much spoken for. And if you want to get into business you have to sell to Walmart and Toys.R.Us and all these big corporations that pay you pennies on the dollar.

And so the majority of us had to go and work for these big corporations in order to get any type of ... you know, get ahead in any way you really have to give up your soul. You have to give up your morals and your values and you have to forget ethics, because ethics have no place in the corporate structure: The purpose of any corporation is to make a profit. Generally they say the purpose is to make a profit for the shareholders – in this case, honestly, I wish I could answer who the shareholders are, but as far as I can tell, it's just people.

[...] "What we are talking about is a grand lie. When you see reports that pension funds are underfunded, when you see reports that cities, municipalities, states and counties are underfunded, you're talking about one of the most grandiose lies you've ever come across, because the government literally has trillions." (@ 42 min)

02/01'11) "The problem with capitalism is capitalism, the problem with socialism is that it's fundamentally still capitalism. 'Capitalism' is where material production is undertaken not for the provision of the needs of the society, but exclusively for the continuous expansion of profit: the accumulation of value – through ever-expanding material production. It's an ongoing siphoning up a social pyramid – a pyramid supported and enforced by state power."
cca) "Capitalist Corporatism" or "Communist", "Socialist", "Solidarist" "Distributism" are both dialectical variations of the same neo-feudalistic agenda. In the words of James Arrabito: "The Roman Catholic Church will rule the world again." Unbelievable? I know.

Walter Burien on "the biggest game in town"