The Black Budget Grows: 1934-95
||Gold Reserve Act creates Exchange Stabilization
Fund, receiving booty seized during and after WWII.
growth in US Treasury debt finances significant military and intelligence
The US intelligence agencies working with telecoms and IT companies
build a global surveillance machinery, as described repeatedly in
movies such as Enemy of the State, The Listening
and The End of Violence.
corporations assume control of the most powerful, secret technology
in the world, funded with government money. The financial resources
provided are in the trillions.
Black technologies are reengineered to create new digital technologies
leading to explosive growth and wealth creation in the high tech
corridors such as those around San Francisco, Boston and Denver.
|| National Security Act
|| CIA Act - With ’47 Act creates mechanisms
for US appropriations to be diverted to a “black budget.”
|| By Executive Order, private corporations can
manage secret, highly classified projects as government contractors.
|| Memorandum of Understanding between CIA and DOJ
exempts the majority of CIA personnel and contractors from reporting
narcotics trafficking to DOJ.
||Iran Contra financial
fraud and narcotics trafficking (Mena, Arkansas, Los Angeles, California)
explodes; S&L and HUD mortgage scandals and subsequent 1989-93
Financial Coup d’ Etat: 1995-2006
||The North American Trade Agreement comes into
the “rebalancing” of the global economy, which ultimately
leads to the creation of the G-20
US government and corporate media suppress stories re: government
drug running operations at Mena, Arkansas and in Los Angeles
US government targets Hamilton Securities, stealing their digital
infrastructure, including Community Wizard, making a housing bubble
Issuance of fraudulent mortgage securities and probably Treasury
bonds and related derivatives explode.
with US and European intelligence agencies, private corporations
use invasive digital surveillance systems and covert operations
to build out a global network of investments interests in companies
and assets globally.
The private intelligence systems and capacity continue to grow.
Financial deposits and assets in the offshore tax havens explode.
Uruguay Round of
GATT is adopted, creating the WTO
As “strong dollar policy” and a housing bubble take
hold, significant capital is moved legally and illegally from North
America into the emerging markets as highly organized operations
engineer international policies and financing to cause companies
and assets to be acquired, often at bargain basement prices.
Missing Money & Telecom-Tech Pump and Dump: 1996-2005
||$4 trillion goes missing from US accounts. See: The
||Significant liabilities remain
on government balance sheets – insurance and credit programs,
retirement and health care programs and other treaty and legal obligations.
A Congressional investigation reports that a majority of US federal
agencies are not in compliance with financial management laws. The
US government defies laws requiring audited financial statements.
9/11 destroys significant documentation relating to ONI, SEC &
FBI investigations into missing money and financial fraud used to
finance the financial coup d’état. Destruction includes
the headquarters of the largest US treasury dealer.
US government operations and accounting and payments systems are
by now completely dependent on private companies to run their operations.
|Corporate asset and valuations
steadily increase, although the stock market drops significantly with
the crash of the tech bubble.
Wall Street enjoys record profits
Private investors and endowments continue to amass control of larger
and larger pools of private capital.
||Significant venture capital moves into Internet companies, bubbling
the stock market, shifting enormous capital to those engineering the
bubble and shifting Silicon Valley focus from decentralized value
creation to facilitating central control. The IPO market shifts significant
capital to players behind the bubble.
|September 10, 2001
||Secretary of Defense Donald Rumsfeld admits
at press conference that the Pentagon had $2.3 trillion of “undocumentable
adjustments” in its financial accounts the prior year.
Bailouts, QE1, QE2, QE3: 2006-2013
||Bailouts refinance up to an estimated
$27 trillion of fraudulent securities and derivatives, nationalizing
Fannie and Freddie and using up the FHA reserves.
||Governmental liabilities explode.
This includes insurance and credit programs, along with health care
and retirement obligations.
Household expenses and unemployment
continue to rise, while household income falls.
|Tensions over criminal liabilities
related to financing the financial coup d’état are high,
making reinvestment on scale problematic. Thanks to popular support
of a new President, politicians manage to reappoint coup leaders to
run the new Administration and to transfer trillions to refinance
fraudulent securities that financed the coup without ever requiring
that anyone of significance be fired or prosecuted.
Wall Street and corporate bonuses continue to be relatively high
despite being financed with taxpayer dollars.
||QE 1, 2 and 3 provide significant additional refinancing of fraudulent
mortgage (and possibly Treasury) securities.
||European governments provide significant bailouts to European banks.
||The President of the United States delegates
to the National Security Advisor the ability to waive SEC regulations
that applies to the reporting and disclosure of corporate finances
in the interests of National Security.
Fiscal Cliff, Healthcare Act, Fed Tapering: 2009-2013
||Congress passes landmark health care legislation, dubbed Obamacare.
||Governmental liabilities explode.
This includes insurance and credit programs, as well as health care
and retirement obligations at federal, state and local government.
Structural unemployment remains high.
Upon observing government liabilities and the diminution of the
middle class, many financial observers predict the demise of the
US dollar or a global financial collapse.
Obamacare provides unprecedented control over the economy and access
to private data and further squeezes middle-income families. An
estimated four million Americans lose their health care policies.
American Airlines engineers a bankruptcy to abrogate retirement
obligations. Detroit bankruptcy is upheld by the courts threatening
pension funds and health care for municipal workers.
G-7 announces that it is targeting off shore tax havens, after
the US forces Switzerland to surrender banking privacy and submit
to US jurisdiction and regulation for institutions accepting American
Proposals to delay retirement ages under Social Security and require
small businesses to create mandatory 401k plans grow.
The Obama Administration announces a privatization policy for the
US Space Program.
|With the statue of limitation
passed on most financial fraud and fraudulent securities extinguished,
the pools of capital shifted into 3.0 during the financial coup d’état
Significant technology is shifted from black projects into the
high-tech centers for corporate development.
Numerous high-tech billionaires invest in and build space companies.
Wealth and income of the richest Americans continue to grow.
The Shadow Banking system continues to grow.
||US grapples with “the fiscal cliff,” including a government
shutdown and debt limit challenges. See: Coming
Clean Beyond the Fiscal Cliff
||The Federal Reserve balance sheet balloons at the Federal Reserve
bond purchase grow to an amount equal to approximately 85% of US government
||Congress passes the Jobs Act, designed to ease capital raising for
start-ups and early venture.
||Fed announces that it will start tapering
QE in 2014
The Breakaway Civilization: 2014
||With the majority of potential corporate and personal liabilities
extinguished, the “breakaway civilization” is free to
reinvest in the broad commercialization and application of technology
developed in the black budget programs.
Governmental surveillance systems are privatized as the NSA dark
fiber partners in social media, search engines, computing and telecoms
grow in power and market valuations.
The G-20 proceeds with balkanization of the Internet and Satellite
systems in an attempt to protect themselves from Friendly Fascism