Which two Corporations Control All Spending in D.C.?

My Bunny Brain | 12/1/11 | b.b.e.b.

[big bad easter bunny]

There are two corporations which control all spending in Washington, these two corporations don't pay taxes, their members make billions from their membership, they are not the 1%, they are the.000001%, they are aloud to do insider trading, they get outrageous pensions, they get so much cream it's not funny! Who are they? Which 2 corporations are bending the American public over every day?

The DMC and the RNC! If you read the RICO act: they should be broken up and prosecuted; RICO is an acronym for the Racketeer Influenced and Corrupt Organizations Act, enacted into law as part of the Organized Crime Control Act of 1970. The law designates dozens of federal statutes and certain state common law crimes (such as murder and gambling) as forms of “racketeering activity.” RICO enables the government to bring massive prosecutions of groups of criminals loosely affiliated as a single “association-in-fact” enterprise and gives prosecutors enhanced tools in the evidence gathering process.

In 1969, late in the legislative process, Congress added a civil cause of action, allowing private citizens to use the law to recover money damages when they have been injured by a “pattern of racketeering activity.” This “private right of action” was modeled on the treble damages provision of the Clayton Antitrust Act. Little attention was paid to this provision until 1985 when a 5-4 Supreme Court decision in a dispute between two businesses over unpaid commissions permitted the case to proceed under RICO even though neither party had any connection to “organized crime.” The result was a proliferation of civil RICO case filings for all manner of commercial disputes, most of which were nothing more than standard contract or single-episode fraud disputes in which the U.S. mails were used to transmit documents.

In the 1990’s the federal appellate courts across the country rejected, on various technical grounds, the use of RICO in most “garden variety” commercial and consumer disputes. The upshot of all these cases, several of which were written by Judge Richard Posner of the Seventh Circuit in Chicago, is that a RICO plaintiff must allege a long-term pattern of racketeering activity and an enterprise, which is something more than an association of affiliated corporations, such as a parent and its subsidiaries. These decisions severely curtailed the use of civil RICO, and consequently, Congress left the law intact (except for the removal of securities fraud and the addition of some immigration crimes as forms of “racketeering activity”). According to one commentator, 70% of reported civil cases were disposed of by motions to dismiss or for summary judgment, and 80% of appellate decisions were rendered for the defendants.

However, the last decade saw a revival of civil RICO. In 2000 the Supreme Court noted that its civil provisions were devised “to turn [victims] into private prosecutors, private attorneys general dedicated to eliminating racketeering activity.” And that has occurred in the immigration cases that Howard Foster has successfully prosecuted in four appellate circuits (see our firm’s history page). In 2009 the Supreme Court issued one of its most pro-plaintiff opinions in a civil RICO case, noting, “We have repeatedly refused to adopt narrowing constructions of RICO in order to make it conform to a preconceived notion of what Congress intended to proscribe.” We think civil RICO is an appropriate legal remedy in cases involving long-term patterns of racketeering activity and the victimization of numerous parties. Judges are rightly skeptical of civil RICO cases predicated upon mail and wire fraud, and Plaintiffs should have experienced RICO counsel if they hope to prevail. All civil RICO cases face determined summary judgment motions to dispose of them before trial.

Jeff Grell at RicoAct.com has additional information about RICO that is both readible and helpful. RICO Act

[Grunthor]

“The DMC and the RNC!”

hehehe

[Mariner]

This post hasn’t been pulled yet?

[mnehring]

bfltr

[theBuckwheat]

Um, er, you are one level of corporations too low. The Federal Reserve is a corporation and IT does in fact control every dollar in circulation. Moreover, it can create as many new dollars as it pleases.

Who owns shares in this federally-chartered entity? The member financial institutions in proportion to their assets. Does the federal government own any shares? Not a single one.

Question: With respect to the reporting requirements of Sarbanes Oxley, for the purposes of putting a value on these shares, how much would they be worth? Answer: the shares of the corporation with the government monopoly on creating that government’s fiat money are worth an infinite amount, in terms of that currency.

The DNC and RNC can only spend the money that the Federal Reserve makes available to them. Of course, should that arrangement prove unsatisfactory, the DNC and RNC will conspire to pass laws to change the level of control that government exercises over the Federal Reserve Corporation.

So, the Fed clearly has free rein with respect to creating or destroying amounts of currency and therefore its value relative to goods and services, but it does so with its eye always open to the political implications of its actions, lest it raises the ire of too many in Congress.

[ataDude]

"...they are aloud to do insider trading..."

You lost me right there.