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USA, Inc. - Part 2: If America Were A Corporation, It Would Be Broke-er

Tyler Durden's picture




 

When Mary Meeker, formerly of pre-IPO bubble analyst fame, released her "USA, Inc." presentation last year, which assayed the US government as if it were a corporation, her conclusion was simple: the country is broke, and can not continue along the path it is on now. Fast forward to today, when the US debt balance is over $1 trillion higher, and the next edition of Mary Meeker's presentation which she released at last week's Ira Sohn conference. Her conclusion: the US is now broke-er than ever.

The summary bullets of the must read cover to cover 50 page presentation.

  1. America is losing its edge - some of this is inevitable as other countries improve their competitiveness, some of this is self inflicted.
  2. Financial strength is vital to competitiveness – it’s core to a healthy economy, job creation, vibrant education / culture and military leadership.
  3. Positive cash flow and a strong balance sheet are key to financial strength – bottom line, it’s bad to spend more than one brings in, as America is doing. In effect, as each day passes – with our rising losses and debt load – we rob just a little bit more from the future.
  4. America does not need to lose its edge, it needs conviction and leadership to move its ‘business model’ in the right direction – we are all in this together, we need to understand and acknowledge our problems and agree to move forward with collective inspiration and sacrifice.
  5. American tax dollars fund our government – we all need to understand where our taxes go and decide if we believe our hard-earned dollars are put to their highest-and-best use. The politicians we elect decide where our money goes.

As everyone who has worked in finance knows, the first page of every presentation is the Sources and Uses table. USA, Inc., has one two. We fail to see, however, who in their right mind would consider this a sane investment.

To be sure, the full name of the corporation should be Welfare USA, Inc. as can be seen below from the consolidated Healthcare spending for the US in context...

 

And the percent of households paying taxes vs those receiving government benefits. Houston: we have inversion!

 

 

Full hair-raising presentation below:

 

 

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Thu, 11/01/2012 - 21:16 | 2939589 Tijuana Donkey Show
Tijuana Donkey Show's picture

Healthcare is nothing more that wealth extraction, plain and simple. When was the last time you were offered a cure instead of a treatment?

Thu, 11/01/2012 - 21:31 | 2939620 IndicaTive
IndicaTive's picture

Actually there was this time back in '87...yada yada yada, went to the Doc, and my dick hasn't hurt since.

Thu, 11/01/2012 - 22:04 | 2939718 Tijuana Donkey Show
Tijuana Donkey Show's picture

See if you get the same answer today. Bet it's 10x more, and has a long tail of tests and visits. My dick hurts after seening the doctor, because I'm getting punched in it for the bills. 

Thu, 11/01/2012 - 22:53 | 2939869 AldousHuxley
AldousHuxley's picture

there is no cure....it is just postponing death.

 

that's why healthcare is so profitable. nobody wants the inevitable....death.

socialization of medicine will bring quality down, but we have enough quality medicine to have dumb fat fucks live till 80....

unless you want fat fucks suck up millions to live another 10 years, why waste money on healthcare? it is not like 80 year olds are living the life anyways since most of their senses are dulled.

 

if you don't smoke, drink too much, do stupid things like jump off of a building, suntan, eat too much, you will be ok unless you have shitty genes in which case it is your fault.

 

spend $1M to alternative energy instead of some old fat NY city cop who beat on the young.

 

also rich evil people need to die soon for change of the guards.

 

Fighting nature is worse than fighting the Fed.

Fri, 11/02/2012 - 01:12 | 2940106 alien-IQ
alien-IQ's picture

I agree. That's why I don't go to the dentist. Let nature take it's course.

Consequently, both of my teeth are killing me.

Fri, 11/02/2012 - 02:53 | 2940235 IBelieveInMagic
IBelieveInMagic's picture

This story about how much the US is broke-er is missing the point. As long as the US and OECD countries control the energy and key mineral sources, it does not matter. Unless the rest of the world can wrest control of these key resources, they will have to play ball with us.

It is as simple as that.

Fri, 11/02/2012 - 05:17 | 2940322 zhandax
zhandax's picture

That simple?  ZH much?  It is not about controlling energy; it is about controlling the currency energy is traded in.  If it was all about controlling energy, and we were 'only in Iraq for the oil', why didn't we end up with any of it?  Not like we didn't spend a little effort to 'control' things there.  Getting the oil wasn't the objective.  Were you reading last week?  The US is about to pass Saudi Arabia in oil production.

Fri, 11/02/2012 - 06:05 | 2940347 malikai
malikai's picture

From the looks of the tables in this article, one might be forgiven for concluding that the USA is heading in the way of Teldar Paper.

Fri, 11/02/2012 - 08:46 | 2940616 Peterus
Peterus's picture

In fact - you believe in magic.

You may "play ball" with the rest of the World and live in misery and poverty. What "US wants" is the flow of products inside. Right now it trades for it with dollars and uses military power to "enhance" these trade relations. When US really goes off the financial cliff nobody will take these dollars and there is huge difference between coercive hegemony and plain old school pilliging. USA would have to literally put troops all over the World where it "controls resources" to get enough of a straglehold  to sell them for what it now buys.

When USA is no longer going broke, but actually broke standards of living will collapse even with full scale occupation of entire Middle East and some kind of special oil deals out of it.

Fri, 11/02/2012 - 01:27 | 2940128 natty light
Fri, 11/02/2012 - 09:40 | 2940834 I am more equal...
I am more equal than others's picture

Having recently spent an extended period in China and inspecting their health system it would shock most American that this 'communist in name only' country requires its people to pay the bill prior to recieving services.  A simple deposit of 10,000 RMB and you can get your surgery.  China has figured out how to ration health care - make the people pay for it.  Imagine if everyone had to actually pay for it without the benefit of insurance.  The initial shock would be onerous but prices would soom plummet as provider would seek to restrain costs.  It works well for China.  Service are limited - no food services - the family cooks in the room for the patient - equipment is limited and by American standards - dated and in poor condition.  I saw equipment that would have been thown away long ago but still used. 

Thu, 11/01/2012 - 21:22 | 2939598 LetThemEatRand
LetThemEatRand's picture

"Because soon it won't be USA Inc., it will be Collective Enterprise of the People formerly known as the USSA: in a historic shift, 49% of 18-29 view socialism positively, while only 43% do so negatively."

I'm sure that has nothing whatsoever to do with the immense greed of the .01% who have managed to take most of the nation's wealth.   This is what happens when the system becomes demonstrably inequitable, whatever "ism" you want to attach to what caused it.  Cutting government services to the bone, taking away "welfare" that people paid their entire lives to collect in their retirement, and telling the poor to go fuck themselves is not going to cause the 400 people who have more than 1/2 of all Americans combined to give it back.  

Thu, 11/01/2012 - 22:55 | 2939872 Dburn
Dburn's picture

I'm always amazed at the corporate tax bill. It comes to less than 10% of receipts. In 2009 I think it was 59B. Since this year they found they were cutting muscle and had used up all the accounting tricks to show profits to keep stock prices inflated we should see about 80b. Actually it may be less as I think this is going to be one very RED Christmas. I'm not sure how much lower America can go in Corporate taxes since all they have to do with their trillions is buy back shares, horde it or build plants in developing countries as the not only the job count goes down, the pay rates and the hours worked go down too. 

 We don't need new tax laws. We can keep everything just as it is. All we have to do is enforce the laws that we have and Corporate taxes would start to be 25-35% of revenue. Every dollar spent at the IRS returns 12, yet it is completely and totally understaffed and under gunned to go against the welfare mamas of the Corporate world like GE who sucks 180 Billion out of the taxpayers then hires 1000 tax experts to keep their tax bills at zero forever. 

What's with taking seriously Mary Meeker of Morgan Stanley fame? Since when did anyone take her seriously after she pushed one bullshit.com after another in Wall Street's first pass at large wealth transfers to the upper class. Finally, why would anyone find Romney appealing. The fucking guy is a piker millionaire. Where is the billionaire candidates. I mean those are the motherfuckers we worship. Let one of those assholes walk around taking death threats 100s of times a day instead of hiding in their lairs spending billions to get slick hair gel into office. They know where the bodies are buried. Then we have a new incentive plan for the President. Do your job and live.

Fri, 11/02/2012 - 00:50 | 2940079 alien-IQ
alien-IQ's picture

You're gonna love this (and by "love" of course I mean it'll make your head explode)

10 Filthy-Rich, Tax-Dodging Hypocrites Pushing Disastrous Austerity on America
http://www.ips-dc.org/articles/10_filthy-rich_tax-dodging_hypocrites_pus...

Fri, 11/02/2012 - 05:29 | 2940328 zhandax
zhandax's picture

This should make all of us happy.  I propose one corporate tax rate; 90%.  We don't need those blood-sucking, tax-evading, liability-limiting, government-buying leeches in our society.  If you want to do business in the US, you put your name, face, and signature on the line.

Fri, 11/02/2012 - 07:19 | 2940412 StandardDeviant
StandardDeviant's picture

90%?  Speaking of leeches...

Just to be devil's advocate for a moment, what would be the point?  Whether the corporate tax rate is 90%, 50%, 15%, or 1%, companies will simply pass it along as with any other cost of doing business.  The end customer pays the bill, as always.

The only beneficiary is government, which gets to steal more from us while deflecting the blame for the ensuing higher prices to those greedy corporations.

Fri, 11/02/2012 - 12:08 | 2941444 Diogenes
Diogenes's picture

Do they still call her "Meeker the Heat Seeker" LOL she used to be famous for recommending one tech stock after another just before they imploded. Hope the same thing doesn't happen to the federal government.

Thu, 11/01/2012 - 21:22 | 2939599 salvadordaly
salvadordaly's picture

It's done!!!!!!!!

In the percent of households paying taxes vs those receiving government benefits chart, THEY CROSSED THE STREAMS!!!!!!!

Welcome to life as you have never known it America!

Fri, 11/02/2012 - 00:45 | 2940073 alien-IQ
alien-IQ's picture

Define "paying taxes".

Thu, 11/01/2012 - 21:27 | 2939612 The big unzip
The big unzip's picture

Makes me long for the good old days when Carter had interest rates at 18% (MOL).  I can now see the end of tracks from from where I'm standing.

Thu, 11/01/2012 - 21:29 | 2939616 Thucydides
Thucydides's picture

Its my turn! FUCK YOU BERNANKE!

Thu, 11/01/2012 - 21:30 | 2939618 reader2010
reader2010's picture

They've got tons of ink jets at the Fed. Why worry? In the end, American Hitler will take us to WWIII.

Fri, 11/02/2012 - 04:30 | 2940280 toomanyfakecons...
toomanyfakeconservatives's picture

The U.S. military won't go along with WWIII or else it would have already happened. They've been trying desperately to start it, but the U.S. military and the world at large won't have it.

Fri, 11/02/2012 - 04:48 | 2940295 AnAnonymous
AnAnonymous's picture

Nah. 'Americans', due to their eternal nature, are warmongers. 'Americans' are always looking for their next war.

The US military would love a WW3.

But, unfortunately for 'americans', while they claim to be able to overcome their environment to support any of their whims, it appears reality is different.

The lack of opportunities is what explains that 'americans' can not trigger a new WW. The environment no longer supports that.

The most hardcore straight rapist has a harsh time in an environment devoid of any female to rape. It has nothing to do with lack of will, self limitation, change in nature. Nope, it is simply a manner of opportunity missing out.

'Americans' have risen from the ranks as the best extorters of the weak, farmers of the poor human history has ever recorded.

The price to be paid is the lack of opportunity to trigger a WW as there is no longer enemies to foster that event. Only 'americans'.

It happened already. US americans did not change in 1900 when they stopped robbing land from the Indians. There was simply no more indian land to be robbed, the transfer being ended in 1898.
This constraint on the expression of the 'american' nature culminated in the GD, 2 WWs and many others.

But this was on a local scale: the north american continent. So much room to look elsewhere.

This time, it is on the global scale, not that much room left to look elsewhere.

Fri, 11/02/2012 - 12:10 | 2941453 Diogenes
Diogenes's picture

WW3 AKA The War On Terror started 9/11/01 under the Bush administration. Where have you been?

Thu, 11/01/2012 - 21:35 | 2939631 max2205
max2205's picture

Govt jobs are a make work program. Sickening

Thu, 11/01/2012 - 21:44 | 2939633 JustObserving
JustObserving's picture

Defense is not $706 billion as stated in this article.  It is about $1000 billion.

The article claims unfunded liabilities are $66 trillion when actual number is $121.2 trillion (with Kotlikoff claiming $222 trillion).

We are far more broke-er than the article claims.

http://www.theatlantic.com/politics/archive/2012/02/the-real-defense-budget/253327/

http://www.bloomberg.com/news/2012-08-08/blink-u-s-debt-just-grew-by-11-trillion.html

 

Fri, 11/02/2012 - 00:42 | 2940068 alien-IQ
alien-IQ's picture

Nobody really knows what the true numbers are. They vary depending on what point or fiction the person presenting the numbers wishes to emphasize. It's a farce.

Thu, 11/01/2012 - 21:47 | 2939670 hustler etiquette
hustler etiquette's picture

Mademoiselle Mary Meeker is cool.  After glancing through her report, I noticed she never took into consideration the bigger gun effect.  The guns only come out when business is bad. The current state of the llello cartels in Mexico come to mind.  Bloody money.

Thu, 11/01/2012 - 21:58 | 2939682 Yen Cross
Yen Cross's picture

 He with the most drones controls the "tungsten".

  I always read the charts Tyler. Never look a "gift horse" in the mouth. I have destroyed many a conversation, with your in the face realisms/charts.

Thu, 11/01/2012 - 22:03 | 2939713 tempo
tempo's picture

The consequences of socialism are not apparent at this time.  Interest rates are low which helps young people (hurts retirees but they don't care).  Young people want financial aid to party at college for 6 to 8 years and don't care about debt.  Without debt then austerity and pain.  At this time, the cost of socialism is minimal as long as we have NFL and college football and social networking.  The market is reaching all time highs and housing is rebounding, so what the hell is the problem with debt (socialism).

Thu, 11/01/2012 - 22:06 | 2939725 Tijuana Donkey Show
Tijuana Donkey Show's picture

I care not for solient retirees... they're not people. 

Fri, 11/02/2012 - 01:08 | 2939852 Yen Cross
Yen Cross's picture

 Why did I even waste my time?  Long> Caves in tropical rainforests.

Thu, 11/01/2012 - 23:30 | 2939975 Excursionist
Excursionist's picture

The per-capita vs. life expectancy chart caught my eye... Americans should either live to an average age of 110 or be able to save ~$5k per person per year.  Not exactly an optimized system we have.

Fri, 11/02/2012 - 00:02 | 2940055 zebra
zebra's picture

 

MMTers will tell you USA is a currency issuer, not a user, and just keep printing and everything would be fine.

i just hope someone could shut them up for good.

 

 

Fri, 11/02/2012 - 00:38 | 2940061 alien-IQ
alien-IQ's picture

Must everything be compared to a corporation? Is that really a fitting model for our lives?

For those who haven't seen it and might care to, here's an interesting documentary that, in part, looks at a "Corporation" from the standpoint of human psychology.

"To assess the "personality" of the corporate "person," a checklist is employed, using diagnostic criteria of the World Health Organization and the standard diagnostic tool of psychiatrists and psychologists. The operational principles of the corporation give it a highly anti-social "personality": it is self-interested, inherently amoral, callous and deceitful; it breaches social and legal standards to get its way; it does not suffer from guilt, yet it can mimic the human qualities of empathy, caring and altruism. Four case studies, drawn from a universe of corporate activity, clearly demonstrate harm to workers, human health, animals and the biosphere. Concluding this point-by-point analysis, a disturbing diagnosis is delivered: the institutional embodiment of laissez-faire capitalism fully meets the diagnostic criteria of a "psychopath." "

http://www.youtube.com/watch?v=nmXgedNKgjI

It's an excellent documentary.

Fri, 11/02/2012 - 02:18 | 2940142 Radical Marijuana
Radical Marijuana's picture

Yeah, that is a good documentary!  It is important to be aware of the legal steps that were taken to separate contracts and responsibilities from their old common law foundations, in ways that permitted the runaway triumphant frauds to take over. "Legal fictions" such as that corporations are "persons," are better seen as legalized lies. In fact ALL human laws are legalized lies, backed up by legalized violence, otherwise they would not exist, or not be necessary.

I would generalize to a far greater extent than that documentary does. I would say that ALL churches and countries, as well as corprorations, are systems of organized lies, operating organized robbery. I would say that the ONLY way we can perceive and talk about anything is to define it as being separated from its environment, which is ALWAYS only relatively true, but otherwise ALWAYS a relative illusion, or a relative lie. Everything that human beings "know" is necessarily always a relative lie, since nothing is actually ever separated from its environment. There is an ineffable Oneness of the same energy that flows through everything, and none of the standing patterns in that transformation are ever actually separated from the Whole they are part of. Therefore, everything we ever say is based on an Original Subtraction. After we engage in that Original Subtraction, then everything that is relatively separated and defined in those ways can NOT create any energy out of nothing, by itself, nor can that thing send any energy from itself, to nothing. What is ALWAYS actually happening is the continuous flow of energy THROUGH. However, that continuous flow has no beginning, middle and end. There is no story that can be told about that. There is no useful information about the Whole. Such a Whole is sublimely paradoxical. It is the truthless-Truth, the realityless-Reality, and so on and so forth, through the possible gamut of transcendental poetry about "God" bla, bla, blah, yadda, yadda yadda ...

Human beings constantly engage in telling stories, and organized our lives through those stories. Those stories are always based on different systems of subtracting parts of the whole, and then combining those parts into assemblies that have beginnings, middles and ends, and therefore, have meanings. The most obvious ways that we do that is to define ourselves, as separated from others, and thereafter, we are relatively stuck within those boundaries. Thus, as soon as we subtract ourselves from the Whole that we are part of, we simultaneously subtract a myriad of others. Thereupon, we have to engage in killing other organisms, and eating them, in order to keep ourselves alive. In social circumstances, we have to be inside some systems whereby some human beings can rob other human beings, simply because they can, and nobody else can stop them.

Thus, the perpetual human realities are ALWAYS organized systems of lies operating organized robberies. Therefore, ALL churches, countries, and corporations are ALWAYS necessarily doing that. Any sufficiently good analysis of any social system ALWAYS discovers that, because that discovery is built right in to the Original Subtractions that defined, and thus appeared to create that system in the first place.

Therefore, it is NOT just corporations that are psychopathic!  Every possible system of human organization must be built on stories which are relatively false, and every possible system of behaviour is therefore operated by some systems of illusions and lies.

Therefore, perceiving America Inc. as a corporation is to see that as yet another entropic pump of energy. The deeper perception that I urge is to understand that the established mainstream concepts about entropy are BACKWARDS. When the entropy equations were first developed in thermodynamics, there was an arbitrary minus sign inserted, so that the power being measured would end up with positive values. When thermodynamics was extended into information theory, the same profound philosophical mistake was also extrapolated. The true mathematics, without the arbitrary minus sign inserted into the entropy equations, produces negative values for all measures of power and information!

In FACT the correct understanding of energy laws, and general systems, ALWAYS results in those being relative illusions and lies, engaged in relative separations and robberies. In FACT, the subtractions are never absolute, and the processes of robbery are never finished. Basically our entire accounting system is the triumph of frauds. That is not merely the manifestation of privatized fiat money, made out of nothing, as debts, although that is the main manifestation of those distortions. Due to us understanding almost everything backwards, that fraud is actually everywhere, all the time, in everything that human beings do, when they tell stories, and organize their behaviour on the basis of those stories.

In the mirror, everything is backwards. If we do not know that we are looking in a mirror, then everything we do will be backwards, but we will not be able to understand that! Our society is organized mostly according to the biggest bullies' bullshit social stories, which are the most adamantly absolutist, with respect to promoting and defending their own sets of organized lies and robbery. Indeed, there are good reasons, within the energy laws, and general systems theory, to understand WHY both militarism and the money system evolved to select for those who were the best at being dishonest, and backing that up with violence, to prevail, and be selected for. There are good reasons WHY our combined money/murder systems made War King, and then morphed to make Fraud King.

The REALITY of America Inc. was due to those processes, and America Inc. can not be understood outside of those processes. The long history of militarism made and maintained the money system. What generated the systems that survived through the trials of warfare, then developed into governments. Those who controlled governments, by being the best of the best at being dishonest, and backing that up with violence, became the Fraud Kings, that controlled the powers of governments, for their benefit, in the most extreme positive feedback loops!

(Maybe see my other comment, that I previously posted here, for more discussion of what that means, in the context of this article?)

Fri, 11/02/2012 - 04:29 | 2940279 toomanyfakecons...
toomanyfakeconservatives's picture

Using illusion to scare the masses has been going on since ancient times when rulers paid the scientists of their day to create steam pumps to force animal blood to flow from stone statues. Little has changed since then.

Fri, 11/02/2012 - 02:12 | 2940069 Radical Marijuana
Radical Marijuana's picture

If America is regarded as a corporation, then it is seen as a money laundering racket for organized crime. It would be seen as a fake business, which was a cover to disguise its real business. It would be seen as having different sets of books, which were being cooked in different ways, in order to misrepresent and mislead others regarding what was actually happening.

This article is another extraordinary demonstration of how intelligent people can get caught in the trap of attempting to solve puzzles using the same old methods, when the ONLY way to solve that puzzle is to adopt a radically different paradigm. That paradigm is to face the facts that human beings always actually operate organized crime gangs, and that doing that in radically different ways is the only path to possibly go forward. Thus, there needs to be at least a two step process. The first is to face the real facts, and the second is to NOT then collapse back to the same old impossible ideals as the source of any solutions.

The REAL American Business Model is the control of the country by a banking cartel, that has bought up domination of the political processes and the mass media, etc.! The REAL American Business Model is organized crime, which excels in denial of that, and disguising that with bullshit about itself. The REAL American Business Model is a state religion based on fiat money, which is controlled by a tiny elite, for their own benefit.

That REAL American Business Model depends upon keeping the vast majority of Americans too ignorant, and/or afraid to do anything to change it, especially since they have been completely conditioned to not want to understand it. This paper was just another example of classic reactionary revolution, doing a great job of analyzing the problems, within their own frame of reference, but then getting STUCK inside that frame of reference when it comes to solutions.

The REAL American Business Model is fraud, backed by force. The ONLY possible REAL solutions have to be different systems of lies, operating different systems of robbery. The current money system, and its runaway debt slavery, becoming debt insanity, PROBLEMS are due to the triumph of organized crime, and NOTHING else but a different application of the methods and principles of organized crime could actually change things. There is a REAL American Business Model, which is a combined money/murder system, which depends upon the maximum possible deceits in order to continue to operate. What has ACTUALLY happened is that a tiny elite have been able to effectively privatize the power to rob and to kill, and have channelled that through the established monetary and taxation systems, and have been able to back that up with their control over the powers of government. The vast majority of the American people have been rendered nothing more than Zombie Sheeple inside that system, and they are constantly being told that they should be better Sheeple by the wolves that taught them to bleat their morality.

The magnitude of paradigm shifts that American politics SHOULD go through goes utterly off the scale of anything discussed in this paper. The ONLY thing it does is correctly identify the runaway facts that the numbers demonstrate America has passed the threshold of debt slavery into debt insanity. However, there is nothing else worthwhile there, since it stays inside the same set of presumptions that enabled the debt insanity to develop in the first place!

Fri, 11/02/2012 - 04:22 | 2940276 toomanyfakecons...
toomanyfakeconservatives's picture

If force and fear or force is all they have to control us with, they had better pack their bags and flee the planet. Word is speading like wildfire. The so-called sheeple at the local pizza shop are openly discussing the worthless, debt-based nature of the Federal Reserve Note. The cries for justice from the murder of JFK, to 9/11, to debt-slavery, and beyond are louder than ever.

 

"They" don't stand a chance against informed, motivated patriots from around the globe, especially the 10+ million crazy, armed Americans, veterans, active duty military, and the good guys in the legal and law enforcement professions who know the score.

Fri, 11/02/2012 - 15:49 | 2942469 Radical Marijuana
Radical Marijuana's picture

See my reply to the comment made by BLOTTO in the previous article about Barclays bank paying a fine for repeating Enron style schemes to rig electricity prices

http://www.zerohedge.com/news/2012-11-01/barclays-fined-record-amount-channelling-enron-manipulating-californias-electricity-

I agree that there is a significant increase in the awareness of these issues which you mentioned. However, so far, I can not see any practical and realistic ways to make things better. I WISH I could, and I have been doing my best to work on those projects for several decades. HOWEVER, all of my actual experiences have more proven that these problems are still getting way worse, way faster, than the possible solutions are emerging.

Fri, 11/02/2012 - 01:22 | 2940121 TPTB_r_TBTF
TPTB_r_TBTF's picture

 

 

The #1 Gang in the Country is labeled "The GovT". 

All other Gangs are labeled "The Mob".

We are "The Family".

 

The #1 Gang set up the FBI to monitor the activities of the other gangs and

the IRS to collect "protection" fees.

Al Capone was unwilling to pay "protection fees" and we know how that ended.  Pay your protection fees by April 15th!

Fri, 11/02/2012 - 02:32 | 2940217 Michaelwiseguy
Michaelwiseguy's picture

The USA Government is already a De Facto Corporation.

The established enterprise known as “A new order of the ages” and “He (God) has favored our undertakings”, as emblazoned with its pyramid seal on the back of millions of one dollar Federal Reserve notes that means, this is a very exclusive club and you are not allowed in the club.

A Game of World Domination where either the Red Team wins a Totalitarian Fascist Feudalistic Prison Planet, or the Blue Team wins a Totalitarian Marxist Socialistic Prison Planet.

The 16 Trillion Dollar District of Columbia Corporation Debt Is Not National Debt!

The debt of the Federal Government Of The United States Of America Corporation as Enacted is theirs and theirs alone! You Don’t Have to Pay on It!

The District of Columbia Organic Act of 1871 aka “An Act to provide a Government for the District of Columbia (41st Congress, 3d Sess., ch. 62, 16 Stat. 419, enacted 1871-02-21) is an Act of Congress, which revoked the individual charters of the City of Washington, the City of Georgetown, and the County of Washington and created a new city government for the entire District of Columbia. The legislation effectively merged what had been separate municipalities within the federal territory into a single entity. It is for this reason that the city, while legally named the District of Columbia, is still commonly known as Washington, D.C. However, this act was abolished in 1874, and while the name did not change, the territorial Governor was replaced with a three-member Board of Commissioners appointed by the President. This system existed until 1974 when the District of Columbia Home Rule Act allowed for District residents to elect their own mayor.

http://www.nikolasschiller.com/blog/index.php/archives/2009/01/30/2215/

District of Columbia Home Rule Act – As Amended Through 1997

http://www.nikolasschiller.com/blog/index.php/archives/2011/01/22/7354/

The Stock Share Holders of the Washington D.C. Corporation are alone responsible for the 16 trillion dollar debt, made so by the Act of 1871 and subsequent Act revisions.

It also follows, The Federal Reserve Act of 1913 created a Banking Corporation with Stock Share Holders.

The accumulated debt held on the Federal Reserve Corporation’s balance sheet belongs to The Stock Share Holders of the Federal Reserve Corporation, and the owners of its Member Banks, period.

http://land.netonecom.net/tlp/ref/federal_reserve.shtml

http://www.llsdc.org/FRA-LH/

District of Columbia Act of 1871 Defacto formed 1
http://www.youtube.com/watch?v=XPkauG6qE8k

District of Columbia Act 1871 De Facto formed 2
http://www.youtube.com/watch?v=JzmUuKd6ucM

District of Columbia Act 1871 De Facto formed 3
http://www.youtube.com/watch?v=jpMMnJWExNU

President George H.W. Bush kicked The NWO into high gear By bringing Agenda 21 to the USA.

Note the date of this GHWB SR speech.

George Bush Sr. New World Order Live Speech Sept 11 1991
http://www.youtube.com/watch?v=byxeOG_pZ1o

Bush Sr. New World Order Speech Rare
http://www.youtube.com/watch?v=oN-flYaXNLQ

US TAKES ORDERS FROM UN !
http://www.youtube.com/watch?v=WSzZAOQnYFI

In Conclusion;

We have all been partaking in this grand laboratory experiment.

9/11 was just one more step in the process,

In driving us towards,

The Goals of;

AGENDA 21 and Total World Domination under the control of a select group of people!!!

Fri, 11/02/2012 - 04:01 | 2940264 toomanyfakecons...
toomanyfakeconservatives's picture

Little or no argument here. I'm just glad that if we cannot kill the Federal Reserve Note ourselves, the 100+ nation BRICs alliance will do it for us.

Also, the folks behind the NWO, TBTF, and Agenda 21 are being defunded, defanged, and hedged against at every turn. They are about to have their curtain torn down permanently and will soon go the way of the dinosaur.

Fri, 11/02/2012 - 05:54 | 2940340 Amagnonx
Amagnonx's picture

"The USA Government is already a De Facto Corporation."

Not true - it is a literal corporation, defined as a 'Soveriegn Corporation' - that is it has the ability to levy taxes.  Birth certificates are held as collateral - that is the basis upon which its debt is funded - it is not unsecured debt.

Fri, 11/02/2012 - 13:12 | 2941695 TPTB_r_TBTF
TPTB_r_TBTF's picture

go Red Team go!

Fri, 11/02/2012 - 04:56 | 2940305 Money 4 Nothing
Money 4 Nothing's picture

America is a Corporation, all states are franchises of said restructure. The 9th district court just recently made people a Corporation too. Know your 1871 Constitution. > http://www.abodia.com/2/United-States-is-a-corporation.htm

Fri, 11/02/2012 - 07:48 | 2940445 NoDebt
NoDebt's picture

"The politicians we elect decide where our money goes."

I keep voting in different ones and my money keeps going to the same places!

One might begin to think there's some larger system working against me.  Yeah, I'll vote again in a few days but whoever wins I know they will do little more than "play in the margins."  The core of the problem isn't going to budge an inch.

Fri, 11/02/2012 - 08:37 | 2940558 LawsofPhysics
LawsofPhysics's picture

The irony is that America is fully owned by corporations.  Isn't fascism great?

Fri, 11/02/2012 - 16:49 | 2942708 Money 4 Nothing
Money 4 Nothing's picture

Untill you run out of Other People's Money... yea.

Fri, 11/02/2012 - 09:03 | 2940693 d edwards
d edwards's picture

Hell, if the US gov't was a corporation, all the executives would be in PRISON, which wouldn't be a bad idea for the current "executive" bunch!

Fri, 11/02/2012 - 09:23 | 2940761 SheepDog-One
SheepDog-One's picture

She assayed the US 'as if' it were a corporation? LOL wow theres a lot of waking up to do.

Fri, 11/02/2012 - 13:33 | 2941804 The Laughing Man
The Laughing Man's picture

"If America Were A Corporation, It Would Be Broke-er"

Too late.

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