Tag Archives: looting

Globalists: Looting Your Pension Money

Kiss Your Pension Fund Goodbye

Martin Armstrong: 

William K. Black :

“Why have a totally fraudulent financial system? Dr. Black, who is an expert in white-collar crime, says, “It’s hard to make money with competition.  It’s really hard.  People who have never been in business don’t understand how hard real competition is.  Real competition makes it hard to prosper, but if you rig the system, it makes it easy.  The reward for rigging is phenomenal.  We are talking every year, hundreds of billions of dollars in bonus compensation.  It’s far more than their straight salaries, and it is going to folks that it wouldn’t go to them if they didn’t rig the system.  And, no one is prosecuted.  They don’t even give back the fraud proceeds, even when they catch them red-handed.”

This means that when banks donate to top candidates in both parties, they are donating fraudulent banker profits. So, both the political system and the financial system are based on fraud.  Can fraud destabilize the entire system?  Dr. Black, who is also a professor of both economics and law at UMKC, says, “Obviously, it is the worst possible thing to do in terms of stability.  The way you rig these things doesn’t just make you wealthy, it creates asset bubbles, massive asset bubbles, the biggest in history...”

Read the full article

 

 

Reality Bullseye archives: Banking

 

 

Policing For Profit: Institutionalization of Government Looting Results in Police Robbing Citizens

Via: Institute for Justice

Policing for Profit: The Abuse of Civil Asset Forfeiture

by Marion r. Williams, PhD., Jefferson E. Holcomb PhD., Tomislav kovandzic PhD., Scott Bullock

 

Civil forfeiture laws represent one of the most serious assaults on private property rights in the nation today.  Under civil forfeiture, police and prosecutors can seize your car or other property, sell it and use the proceeds to fund agency budgets—all without so much as charging you with a crime.  Unlike criminal forfeiture, where property is taken after its owner has been found guilty in a court of law, with civil forfeiture, owners need not be charged with or convicted of a crime to lose homes, cars, cash or other property.

Americans are supposed to be innocent until proven guilty, but civil forfeiture turns that principle on its head.  With civil forfeiture, your property is guilty until you prove it innocent.

 

 

 

 

Policing for Profit: The Abuse of Civil Asset Forfeiture chronicles how state and federal laws leave innocent property owners vulnerable to forfeiture abuse and encourage law enforcement to take property to boost their budgets.  The report finds that by giving law enforcement a direct financial stake in forfeiture efforts, most state and federal laws encourage policing for profit, not justice.

Policing for Profit
 also grades the states on how well they protect property owners—only three states receive a B or better.  And in most states, public accountability is limited as there is little oversight or reporting about how police and prosecutors use civil forfeiture or spend the proceeds.

Federal laws encourage even more civil forfeiture abuse through a loophole called “equitable sharing” that allows law enforcement to circumvent even the limited protections of state laws.  With equitable sharing, law enforcement agencies can and do profit from forfeitures they wouldn’t be able to under state law.

It’s time to end civil forfeiture.  People shouldn’t lose their property without being convicted of a crime, and law enforcement shouldn’t be able to profit from other people’s property.

 

Looting By U.S. Government at All-Time Highs

Operation Mini-van: NYPD still using scantily clad female officers as bait to forfeit the vehicles of men looking for sex

Cato Institute: Policing For Profit Podcast

Man Loses $160,000 in New Policing For Profit Case

Forbes: Cops In Texas Seize Millions By Policing For Profit

Romulus (MI) Police Chief accused, with fellow officers, of using asset forfeiture funds to pay for drugs, hookers and personal enrichment

Property On Trial: Texas vs. One 2004 Chevy  Silverado

Police ‘Shakedown’: Where Is The Money?  Give Us The Money And You Can Go!