In my first article "Architect of Decay", I named James Baker III as a man in the middle of
The "Plutocratic Round-table" and that I was using this Blog as a tool of exposure. This is the link that connects the dots from the Iraq War to the bailouts of big business, all the way to Media control and James Baker III, who is one of many Key Players! There is a clear and obvious group of powerful conspirators. The head of the beast.
The war in Iraq does not seem to be over at all, but in the meantime the rebuilding has already started. This has unleashed fierce competition for contracts, which are mainly awarded to American (ed: U.S.) companies.
What is remarkable about these companies, is that they have people on their payroll from American politics and the military. Is this a conflict of interest, or is this the new global way of doing business? One of the companies that operates in this manner is the Carlyle Group.
On their payroll are people like : George Bush (Sr.), James Baker III and old premier John Major.
The Carlyle Group is a private investment bank which doesn't come to the public's attention very often but it is one of the biggest American (ed: USA) investors of the defense industry, telecommunication, property and financial services.
What is the Carlyle Group? Who are the people behind the name? And how much power does Carlyle have?
The Carlyle Group was literally born out of profits made from tax loopholes. In 1987, David Rubenstein and three partners saw an opportunity to profit off the financial troubles and bankruptcies of Native Alaskan Corporations. Taking advantage of new tax laws that allowed struggling Native Corporations to sell their (tax deductible) debt to other parties, who could then write off the debt on their own corporate taxes, the partners did an estimated $1 billion worth of deals, and their share--approximately $10 million--allowed them to set up the Carlyle Group.
Carlyle continues to benefit from favorable tax rules. Rubenstein himself pays only the 15% capital gains tax rate on his take of buyout profits rather than the 35% income tax that regular wage earners in his tax bracket are required to pay (Business Weekly- Jan. 2008). The IRS is investigating whether private equity firms may also be using offshore corporate structures, cross-border loans and improper accounting methods to shield earnings and assets from the taxman. Carlyle and other firms have paid dearly to protect their tax break--both through big lobbying bills and big political contributions--arguing alternately that it is "equitable" and that it is justified simply because it's long been on the books.
But the carried interest debate is just the tip of the private-equity-tax-avoidance iceberg; by loading up the companies it buys with high levels of debt, Carlyle -- like every other private equity firm -- benefits from big tax deductions. Already, corporate taxes account for only 7% of the country's tax revenues, and this practice has the potential to drive big business' share even lower.
How does this play out in practice? Consider the proposed Carlyle buyout of Manor Care nursing homes. Because the buyout includes $4.6 billion in new debt, under Carlyle ownership Manor Care will be required to pay little or no corporate taxes. This practice of avoiding corporate taxes is especially troubling in the case of Manor Care because, like most nursing home companies, the company receives two-thirds of its revenue from federal and state taxpayer-funded payments, including Medicare and Medicaid.
Like everyone else in the United States, the group stood transfixed as the events of September 11th unfolded. Present were former secretary of defense Frank Carlucci, former secretary of state James Baker III, and representatives of the bin Laden family. This was not some underground presidential bunker or Central Intelligence Agency interrogation room. It was the Ritz-Carlton in Washington, D.C., the plush setting for the annual investor conference of one of the most powerful, well-connected, and secretive companies in the world: the Carlyle Group. And since September 11, this little-known company has become unexpectedly important...
And as the Carlyle investors watched the World Trade towers go down, the group's prospects went up. In running what its own marketing literature spookily calls "a vast, interlocking, global network of businesses and investment professionals" that operates within the so-called iron triangle of industry, government, and the military, the Carlyle Group leaves itself open to any number of conflicts of interest and stunning ironies. For example, it is hard to ignore the fact that Osama bin Laden's family members, who renounced their son ten years ago, stood to gain financially from the war being waged against him until late October, when public criticism of the relationship forced them to liquidate their holdings in the firm. Or consider that the former U.S. president George W. Bush was in a position to make budgetary decisions that could pad his father's bank account. But for the Carlyle Group, walking that narrow line is the art of doing business at the murky intersection of Washington politics, national security, and private capital; mastering it has enabled the group to amass $12 billion in funds under management.
This is one of many conservative groups that work together with the same base agenda. Control the World economy to secure the elites position of power and keep the masses hopeless and powerless. Conservatism discards Prescription, shrinks from Principle, disavows Progress having rejected all respect for antiquity, it offers no redress for the present, and makes no preparation for the future. Democracy is their enemy!
I'm going to keep connect the pieces, exposing the evil and it's work. I pray that the world wakes up and takes action against this powerful enemy, before it's too late. If you have anything that ties to this or any of my articles, please write me at
DarkAgent2010@gmail.com
