The Via Dolorosa is the street in the Old City of Jerusalem which Jesus is said to
have walked on the way to his crucifixion. It means the way of grief.
I believe if Dillons Chairman John Birkelund and I were free to speak openly
about his investment in Cornell Corrections, he would say that decisions had been
made to significantly grow narcotics trafficking, War on Drugs arrests and incarcerations
and to privatize many aspects of government, including prisons. He was simply investing
based on the directions that things were going to go. On the other hand, Hamiltons
investments in communities were fighting the tape. The expression never
fight the tape. is a Wall Street saying. It means never try to oppose the market
always go with the market's trend and direction.
John and I would not discuss the reality of what would happen if there were an
application of criminal law to the officers and directors of Dillon Read of the kind
that was applied to me and to all the young people regularly rounded up by Operation
Safe Home during that time. I worked at Dillon Read for over a decade. I remember
the department head that tried to persuade me to help engineer an insider-trading
scheme. I remember the trader coming up in the elevator just after having gone outside
to snort cocaine. I remember the gossip about drug use in certain parties in the Hamptons.
I remember my office mate complaining that Moet & Chandon had given John Haskell
cases of champagne to give the associates who worked on Moets private placement
and that Haskell had kept them for himself. I remember the head trading partner confiding
to me that Dillons capital had been below our required National Association
of Securities Dealers capital requirements, but that Nick had insisted that we not
Did I think of these as alleged felonies at the time? Of course not. I thought
of them as humans muddling through equally difficult or unpleasant options, of people
making mistakes most of which got fixed. The trader got fired, our capital
was increased, and my office mate had a nice life on a nice salary without free champagne.
The reality is, however, that in my personal experience, the personal lawfulness
of the people at Dillon Read was no more or less than the young people being rounded
up by HUD and DOJ on Operation Safe Home and the War on Drugs. Indeed, I have generally
found the poor to be more careful in their legal transgressions than the well-to-do
Then, of course, there is the question of what Dillon Reads liabilities would
have been in an evenhanded application of the law for its investment banking services
to RJR. In the case of money laundering, saying you dont know may not be enough
to get you off the hook. And if you did know, thats supposed to be serious jail
time and disgorgement of profits, not to mention the physical takeover of your premises
as was done to Hamilton Securities. Last but not least are the many unanswered questions
I have about what role, if any, Dillon and former Dillon partners and their investment
partners and network played in AMS, the HUD accounting software contractor. This includes
questions about the $59 billion plus that went missing from HUD, billions lost through
HUD mortgage fraud and how those cash and financing flows related to the money that
bought Dillons Cornell Correction stock and other private prisons stocks and
John Birkelund and I would not discuss all of this because we would both understand
that enforcement has nothing to do with law as described in civics classes. Enforcement
is a game a deadly game meant to maximize insiders organized crime profits
and operations worldwide, and to organize and implement class privilege and ensure
that the insiders win in the game of winner-takes-all economic warfare.
If I did bring it up, John would most likely get frustrated with me the way he used
to in the old days. Because John does not have the power to change the rules of the
game, just to play within them. John knows how hard it is to make money even when
you do your very best to go with the flow. That is why the safe thing to do is to
rig cash flow through government laws, regulations and contracts and to arrange for
government to get rid of your enemies. This is one of the reasons why the blur of
people cycling between high-level Wall Street and Washington positions at some point
helps us to understand the extent to which there is no longer any sovereign government.
If I were to sit down with Al Gore, Elaine Kamarck, Jamie Gorelick and Chris Edley,
I would expect their explanations would involve more obfuscating policy discussions
but it would ultimately come down to a similar notion of going with the flow. As would
the hundreds of thousands of highly credentialed, well-paid Americans who have actively
lead the day-to-day implementation of policies that when we pierce the veil
are really dictated by powerful private interests outside of the law as most
believe it to be. All these policies and actions add up to genocide of our
families and communities and of all living things, both throughout America and around
Toward the end of the Clinton Administration, I sat down with a piece of paper
and made a list of all the people who I believed had died as a result of actions by
the U.S. banks, corporations, government and our allies including economic
warfare in Russia and Latin America, narcotics trafficking and War on Drugs both in
the U.S. and abroad as well as limited military engagements. I estimated that in a
decade, we were intentionally responsible for the death of many millions of people
throughout the world. For example, note this interview from May 1996 about the death
children in Iraq:
U.S. Secretary of State
(DoD photo by Sgt. Joseph M Billups, U.S. Army)
Lesley Stahl, 60 MINUTES: "We have heard that a half million children
have died [because of sanctions against Iraq]. I mean, that's more children than died
in Hiroshima and you know, is the price worth it?
U.S. Secretary of State Madeleine Albright: "I think this is a very hard
choice, but the price
we think the price is worth it."
I have not repeated this exercise for the current Bush Administration. I expect,
if I did, that it would show that the killing machine is steadily growing hungrier
as it has for every Administration for a long time. And with $4 trillion missing
from the U.S. government and more missing from a "pump and dump" of U.S.
stock and other markets, I suspect that the private offshore deposits have continued
to rise with the falling of the Popsicle Index.
The story of Cornell Corrections is not a story of powerful evil men doing racist
and sexist things. I have known truly evil men. My former partners at Dillon Read
are not among them. With rare exception, they were people that I liked and respected
when I worked with them. Like the senior appointees in the Clinton Administration,
they are well-to-do and well educated people who embrace the way things are.
Conversion to a war economy and migration from democracy to authoritarianism are the
way things are. There are big bucks and jobs at Harvard and universities like
it for people like Elaine Kamarck who will give this force a socially respectable
face with complex partisan distractions which help obfuscate how the Harvard Endowment
continues to profit from something far deeper and far more malevolent than most of
us most likely including Elaine are willing to face.
The power of the killing machine rests in part in the broad based popular support
it receives through the investment system and the financial markets. How are we to
plead ignorance if the profits and growth in our 401(k) plans and investment portfolios
have been enriched from prison stocks and the securities of the banks, homebuilders,
property managers, mortgage bankers and other groups who managed this process of ethnic
and economic cleansing and the gentrification it made possible? What can our socially
responsible investment managers say when they invest in the stocks of banks,
like Citibank and JP Morgan-Chase, and government contractors, like IBM and AT&T,
who are running critical parts of government as these manipulations occur including
the disappearance of $4 trillion from government bank accounts and the manipulation
of the gold markets and inventory in a silent financial coup detat? What can
all those who benefited financially in the stock market, or from cheap mortgage and
consumer loans or reduced ATM and checking fees say? We disassociated the source of
our financial benefits from what we saw happening around us that we knew was wrong.
In the summer of 2000, I asked a group of 100 people at a conference of spiritually
committed people who would push a red button if it would immediately stop all narcotics
trafficking in their neighborhood, city, state and country. Out of 100 people, 99
said they would not push such red button. When surveyed, they said they did not want
their mutual funds to go down if the U.S. financial system suddenly stopped attracting
an estimated $500 billion-$1 trillion a year in global money laundering. They did
not want their government checks jeopardized or their taxes raised because of resulting
problems financing the federal government deficit. Our financial profiteering and
complicity is not limited to aristocrats and the elites who do their bidding. Our
financial dependency on unsustainable economics is broad, ingrained and deep.
Are minorities, women and children being impacted disproportionately? Yes, but
that is merely because those with little or no power are easiest to steal from or
kill. However, the survival of a parasite dictates that it must keep on eating when
the easy pickings are done. After the U.S. Governments intentional decision
to provide no relief in New Orleans in the early days after Katrina, a faster way
to set the stage for urban gentrification then the War on Drugs and private prisons,
the first female African-American Secretary of State Condoleezza Rice went shopping
for $200 shoes while men and women of all ages and backgrounds black, brown
and white lost businesses, homes, families and lives together in the floods.
This is the true face of the New World Order.
Drowns, Rice Soaks in N.Y.
| Did New Yorkers chase Condoleezza Rice back to Washington
Like President Bush, the Secretary of State has been on vacation
during the Hurricane Katrina crisis, with Rice enjoying her downtime in New York Wednesday
and yesterday. The cabinet member's responsibilities are usually international, but
her timing contributed to the "fiddling while Rome burns" impression given
by her boss during the disaster, which may have claimed thousands of lives.
On Wednesday night, Secretary Rice was booed by some audience members at "Spamalot!,"
the Monty Python musical at the Shubert, when the lights went up after the performance.
Yesterday, Rice went shopping at Ferragamo on Fifth Ave. According to the Web site
www.Gawker.com, the 50-year-old bought "several thousand dollars' worth of shoes"
at the pricey leather-goods boutique.
A fellow shopper shouted, "How dare you shop for shoes while thousands are dying
and homeless!" - presumably referring to Louisiana and Mississippi.
The woman expressing her First Amendment rights was promptly removed from the store.
A Ferragamo store manager confirmed to us that Rice did shop there yesterday, but
refused to answer questions about whether the protester was removed, and whether by
his own security or the Secret Service.
At the State Department's daily briefing yesterday morning, before the New York
incident, spokesman Sean McCormack responded to a journalist who asked whether Rice
was involved with hurricane relief efforts by saying, "She's in contact with
the department as appropriate." He made no mention that his boss had any plans
to leave New York.
But yesterday afternoon, Rice had done just that. Department spokeswoman Joanne
Moore told us: "The secretary is back in Washington, and she is being briefed
on the situation." Moore did not know whether Condi had planned a longer stay
Source: New York Daily News http://www.nydailynews.com/
When Hamiltons offices were seized, I found myself before a battery of new attorneys
brought in by our insurance company. At one point, one of them suggested that we shift
the responsibility for an action to a corporate subcontractor in a manner that would
abrogate our verbal contract with them. When I made clear I would not do that, they
said I had no choice. If I did not do what they said, the insurance carrier would
pull their representation and with no attorneys -- like the young people being rounded
up by Operation Safe Home -- I would go to jail. And so I decided it was time to lay
down a few ground rules that would help newcomers understand what was involved with
working with me. I said:
Gentlemen, I am obedient to the laws of God and there is nothing that
you can say or do that will cause me to violate them. If that means that I am going
to jail, then I am going to jail, if only to organize the last group of entrepreneurs
I need to run the country when the government collapses. Because if people like me
are going to prison, then it is only a matter of time until this government fails.
Interestingly enough, the lawyer who threatened me, told me many months later that
this was the moment in which he realized that we were going to win.
Here is my prediction for the New World Order. I dont know when. I dont
know where. I dont know how many satellite systems, electromagnetic weapons,
subliminal programming broadcasters, computer hackers, bio weapons labs, cocaine plantations
and how much environmental destruction they will enlist along the way. I dont
know how many patents on fundamental life process that Monsanto will claim sufficient
to not let me cough without paying them a fee. I dont know how many people the
New World Order will reduce to poverty, assassinate and torture before they fail.
I just know that they will fail. Because ultimately large complex systems cannot be
held together by greed, technology and fear alone. Suspicion, lawlessness and smallness
of mind ultimately cause implosion from within.
Seeing the New World Order as they are accelerates their failure, particularly
as it inspires withdrawing our resources from their control and shifting investment
to alternatives to govern our global resources on a responsible, wealth creating basis.
That is why we gather power for life as we withdraw from people, organizations and
efforts that are not authentic and shift our social affirmation, our time and attention,
our currency and deposits, and our investments and our donations to authentic people,
enterprises and decentralizing solutions.
There was a time in my life when I believed that I was part of a culture of people
call us the English speaking people who were excellent. The way of grief
was the path through which I learned that we have not yet achieved this standard.
Long ago, I made a promise that I would never act against the best interests or the
excellence of my own people that I would do my best to ensure that we were
worthy of the stewardship of our world and that we did our best to leave a better
world for generations yet to come. To make and keep such a promise is to understand
that money and position are tools, not goals, and that death is not the worst thing
that can happen. John Birkelund would probably accuse me of fighting the tape
and not being good at the game. I would tell John that now is not the
time in the history of our people for a failure of imagination.