But Isn’t Enterprise Corruption Illegal?
Index for this page:
- Quiet Waivers & Exemptions
- Samuel Insull & Kenneth Lay
- The Perfect Is The Enemy Of The Good
- Justice Department Overhauls
- Insider Trading.. In Corrupt Companies
- Investigative Media?
- The Difference Between Right & Wrong
Is enterprise corruption illegal?
Is monopolization of industry illegal?
The interesting thing about monopolies and enterprise corruption? They both have to appear to be illegal.. to make them possible.
Samuel Insull & Kenneth Lay; Historic Example Of Enterprise Corruption
Samuel Insull was a globalist.
Samuel Insull was a technology pirate.
Samuel Insull pirated technology from England to America.
The tastefully correct way of stating this is “Samuel Insull changed English licensing rights to come up with a way to afford the plan”.
This is actually a good example of the actual purpose of patent law.
In 1884 Thomas Edison made Samuel Insull his business manager. This way Edison could avoid credit for English patent theft.
Juror & Shareholder Reminder: Enterprise corruption builds empires.
In 1892 Samuel Insull moved to Chicago and began to build his empire of utility and transportation companies.
An empire of utility and transportation companies and there still “ain’t no jobs”.. but there sure are a lot of industrial moguls just around the corner.
There are now industrial revolutions in electricity, transportation, skyscraper construction (due to the elevator) and energy utilities and what results is great wealth for a few and grinding poverty for many. Truth is, this is the central plan laid-out prior to most industrial revolutions.
Europe made canals “cheap” in America since 1607 and in 1892 Europe is about to make electricity cheap in America.
And, to kick globalism up a notch, GE which broke off of Edison General Electric in 1892 is about to make electricity cheap in India as well. Note: Thomas Edison was so great that GE.. dropped his name. Sorta like WorldCom & MCI.
Sometimes England transfers technology to its foreign competition because England is “strapped for cash”.
Regardless of the reasons for doing it.. it seems that in the 1880s for some unknown reason England wanted to make electricity cheap in the former English colony of America.
Rule Britannia?
Those English buffoons mess up once again.
This was just one more in a long series of parting gifts to the New World for its decision to “severe all ties” with England.
It is amazing how easily England and Europe in general comes to closure with theft of patented technology following the whole “revolutionary war” thingy.
Prostitution may be the oldest profession in the world but stealing technology from the nation you live in and installing it in every and any other nation is the second oldest profession in the world.
And it is easier to do if one is:
- a “citizen of the world”
- a statesmen
- a President
- a guest in the Lincoln bedroom
- a cleric
List of reasons to transfer technology that are later accepting without questions by future historians:
- to afford the plan
- strapped for cash
- memorized plans in head
- dressed like farm laborer
- leader was a liberal
- ending world poverty
In 1911 the Federal government created the National Safety Council to promote business interests over the safety of the workforce and the government also passed the Public Utilities Act which gives a good opportunity to see how “big government” really works.
Somehow this ”big government” regulation is so feared by the industrial robber barons that it seems to assist in bring this generation of American people to their knees at the shrine of private enterprise and industry.
The National Safety Council’s first big project:
- Increase productivity at the Triangle Shirtwaist Company
- Send Army regiments to China to protect international banking cartel railroad interests
- Machine-gun women and children in Colorado mines
- Execute labor leaders to silence organizer’s voices across the country
- Order police to beat women and children in textile mills
Since none of these tactics seemed to promote business interests over the safety of the workforce the Public Safety Council decided to just start a general massacre of the union members across the nation. This massacre program was called “winning the hearts and minds” in the war at home.
In 1863 President Lincoln freed the slaves and at the turn of the 20th century management adjusts to the inflationary effect of Lincoln’s Emancipation Proclamation by massacring the workforce.
The Public Utilities Act started to create more utility and transportation monopolies then ever before. UBS was founded in 1912 to start cooking their balance-sheets.
Question: Why do accountancies like UBS and Arthur Anderson cook corporation’s balance-sheets?
Answer: Because Lincoln ended slavery.
The following list shows the general progression of events following the passage of the 1911 utilities legislation:
- Public Utilities Act
- quiet waivers and exemptions
- war
- Public Utilities Act
- quiet waivers and exemptions
- war
- repeat
In 1912, a year after the Public Utilities Act, Samuel Insull created MiddleWest Utilities.
There is virtually no difference between Samuel Insull and Kenneth Lay.
If you want to balance global wages and outsource jobs to other nations.. those nations are going to have to have electricity.
Just like the crash of 2000-2003 the objects of speculation in 1928 was private companies going public, existing and merged companies.
In December of 1928 Samuel Insull and his Chicago-based investment bankers, Halsey & Stuart formed a new company, Insull Utility Investments, which opened large blocks of shares in all the companies under the Middle West banner.
The stock was offered at $12.00 a share and finished the day at $30.00. By January of 1929 the stock was at $169.00 a share.
By August of 1929 Insull’s MiddleWest Utilities was at $529.00 a share.
AT&T stock was trading at a high of $310.25 a share and fell to $69.75 a share by 1932. General Electric fell from $403 per share to a low of $8.10 during the crash.
November 03, 1929 was the start of the 4th worst market crash of the 20th Century lasting a total of 71 days. The DJIA started at $381.17 and ended at $198.69 with a total loss of 47.9%.
When the stock market first collapsed Treasury Secretary Andrew Mellon is said to have given President Hoover some “good advice. perhaps the only sound advice of his Presidency”. Andrew Mellon urged Hoover to let the crisis take its toll and accept the pain. “liquidate labor,” he said.. “liquidate stocks, liquidate the farmers, liquidate real-estate, and so purge the rottenness from the economy.”
The Dow Jones Industrial Average did not recover its 1929 levels until the 1940s, and it took a war to restore the dynamism of the American economy. And, the American economy and the world’s economy.. is the reason war happens.
And just like clockwork.. in 1929 Arab “terrorists” murdered 60 Jews in Hebron and killed 45 Jews in Safed and dozens more all over Palestine and political leaflets were seen in Jerusalem stating: “O Arab! Remember that the Jew is your strongest enemy and the enemy of your ancestors since olden time.”
Some have theorized that the individual dropping the leaflets in Jerusalem was Sam Insull from MiddleWest Utilities or possibly Judge Crater or possibly Eliot Spitzer or his dogs Jessie & James.
Question: What would have happened to the “dynamism” of the American economy if the German Parliament (Reichstag) hadn’t have burnt down in February of 1993. In fact, what would have happened to the dynamism of the Austrian (1931), German (1927,1931), Brazil (1927), British (1931), and Japanese (1931) economies if the Reichstag hadn’t have burnt down? All five of their economies crashed at the same time. All five of these nations “purged the rottenness” (just like Andrew Mellon advised) from their economies at the same time. To take this one step further, what would have happened to the dynamism of the economies of Austria, Germany, the United Kingdom, Japan, and the United States without a holocaust? If an economy needs war, then an economy needs reasons to go to war.
If economies need war to restore economic dynamism then to what length would leaders go to start one? Nobody benefited more from the Reichstag more then the central planners of Sam Insull’s MiddleWest Utility scam and nobody benefited more from 9-11 than the central planners of the Enron scam.
Treasury Secretary Andrew Mellon and the banking system wanted cheap depression labor and eventually cheap war-labor. And they got both.
The “rottenness” in the economy was.. wage inflation.
The rottenness in the economy was.. labor. Mellon did not advise Hoover to “liquidate management”.
Mellon didn’t advise Hoover to “liquidate enterprise corruption” either. But obviously enterprise corruption happened otherwise legislation to follow such as the Glass-Steagal Act of 1933, the Securities Act of 1933, the Securities & Exchange Act of 1934, and the Public Utility Holding Company Act of 1935 would not have been enacted. Why pass broad legislation to end accounting fraud and financial corruption if accounting fraud and financial corruption didn’t happen?
Juror & Shareholder Note: Enron received a waiver from the Public Utility Holding Company Act in late 1993. This is how enterprise corruption gets kicked into gear because the purpose of law.. is to give waivers and exemptions.. from law. This is why America is considered to be.. the land of law.
What was the need for Sarbanes-Oxley legislation soon after 9-11? Could it have been passed to curb book-cooking that occurred just after 9-11? How could any company company or anybody have responded to the attacks of 9-11 by cooking their balance sheets?
The truth is, Sarbanes-Oxley was passed after 9-11 to pretend to control the systemic, enterprise-wide, book-cooking that took place.. before 9-11.
The corruption of the 1920s created more millionaires then ever before which is what Mellon referred to as “accepting the pain”.
After management and the insiders and the politicians and the bankers and the lawyers sold their share holdings they.. ”let the crisis take its toll” as Andrew Mellon advised.
That which was actually ”liquidated” as Andrew Mellon advised were the shareholdings of.. labor.
Juror & Shareholder Note: It took about 30 months to pass the Glass-Steagal Act following the crash or 1929 and about 30 months to pass Sarbanes-Oxley after the crash of 2000.
Can you say.. “quiet waiver”?
Irv Krueger (Time Magazine’s “man-of-the-year” cover on October 29, 1929) shot himself “through the heart” within two weeks of the passage of Glass Steagal and Richard Scrushy’s personal accountant William Massey shot himself the day Sarbanes-Oxley was passed into law. You could say Glass-Steagal took its “toll” on Irv Krueger.
If Glass Steagal was anything like Sarbanes-Oxley they probably started give Glass-Steagal’s budget a “hair-cut” within months of its passage. This “budget haircutting” is how enterprise corruption gets covered-up.. so it can happen again.
Another good identifier of enterprise corruption is to look for name changes of nations or cities. Example: Persia and Iran (Standard Oil).. and Mumbai and Bombay (Enron).
On Friday the 16th, 1932 the defense in the Samuel Insull trial rested. Samuel Insull told a heart tugging rags to riches immigration story. The jury spent two hours deliberating to make it appear that they hadn’t been bribed and announced Samuel Insull not guilty on all charges.
You can bet there was a Tyco-style “juror #4″ around here somewhere.
To make a long story short Sam Insull made electricity universal and cheap. So cheap, in fact.. the federal government passed the Public Utility Holding Company Act to make it illegal to do it again.. until Kenneth Lay and 60 other major utility companies decided they wanted to make electricity disappear.. in California and make electricity universal and cheap (again).. in India.
In the 1990s Tyco’s Dennis Kozlowski, Mark Schwartz, Mark Belnick, Warren Rudman, and Global Crossing’s Gary Winnick all (at the very same time?) decided they wanted to make telecommunications universal and cheap.. in India as well.. so homeland businesses could make computer-programming universal and cheap.. in (you guessed it) India.
So in 1993 Kenneth Lay was given the first of many ”quiet waivers” from the depression-era legislation previously mentioned above but the federal government only did this because.. Kenneth Lay was greedy.
India received a infrastructure upgrade free of charge.. because Kenneth Lay was greedy?
Juror and investor tip: If something is illegal.. why give a company a waiver to do it?
The popular platitude repeated ad-nauseum regarding the demise of Sam Insull? “He died penniless” which means that when he died there were no pennies found on his person.. only thousand dollar bills.
Insider Trading.. In Corrupt Companies
Trading in company holdings based on inside information is one thing but inside trading in company holdings in a company that has been and still is putting s__t on their corporate balance sheets is another thing altogether and nothing less than theft by taking.
Investigative Media?
It is noteworthy to mention that it is odd that in the land of law the regardless of the impropriety uncovered the so-called “investigative media” never takes anybody to court.
The Difference Between Right & Wrong
The difference between right and wrong, good versus evil, truth versus lie, and honesty versus dishonesty is what marks the difference between wealth and poverty and master and.. slave.
if enterprise corruption were punished, reinhardt’s journal wouldn’t have to follow it
continue tour: How Is Enterprise Corruption Covered-Up?
..I Knew We’d Screw It Up.
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