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The Aristocracy of Prison Profits - The whistle has been blown!

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LiberalUprising Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-12-07 03:29 PM
Original message
The Aristocracy of Prison Profits - The whistle has been blown!
Edited on Mon Mar-12-07 03:50 PM by LiberalUprising
This is a rather long article we are linking to, but it is a well-written exposé of immense import and Earth-shaking proportions. The length is most certainly justified by the depth of information provided and the nature of what is revealed. I assure you that, after reading it over,(when you have some time) your views about the higher echelons of our society, culture, and government will lay scorched with the illuminations provided in one, fell swoop. The ramifications assure no turning back.


Dillon, Read & Co. Inc.

And the Aristocracy of Prison Profits

by Catherine Austin Fitts


I made the decision to write “Dillon, Read & Co. Inc. and the Aristocracy of Prison Profits” while gardening at a community farm in Montana during the summer of 2005. I had come to Montana to prototype Solari Investor Circles, private investment partnerships that practice financial intimacy — investing in people and products that we or our network know and trust. If we want clean water, fresh food, sustainable infrastructure, sound banks, lawful companies and healthy communities, we are going to have to finance and govern these resources ourselves. We cannot invest in the stocks and bonds of large corporations and governments that are harming our food, water, environment and all living things and then expect these resources to be available when we need them. Nor can we deposit and do business with the banks that are bankrupting our government and economy. ....

It details the story of two teams with two competing visions for America. The first was a vision shared by my old firm on Wall Street — Dillon Read — and the Clinton Administration with the full support of a bipartisan Congress. In this vision, America's aristocracy makes money by ensnaring our youth in a pincer movement of drugs and prisons and wins middle class support for these policies through a steady and growing stream of government funding, contracts for War on Drugs activities at federal, state and local levels and related stock profits.....

....The second vision was shared by my investment bank in Washington — The Hamilton Securities Group — and a small group of excellent government employees and leaders who believed in the power of education, hard work and a new partnership between people, land and technology. This vision would allow us to pay down public and private debt and create new business, infrastructure and equity. We believed that new times and new technologies called for a revival that would permit decentralized efforts to go to work on the hard challenges upon us — population, environment, resource management and the rapidly growing cultural gap between the most technologically proficient and the majority of people.

My hope is that “Dillon, Read & the Aristocracy of Prison Profits” will help you to see the game sufficiently to recognize the dividing line between two visions. One centralizes power and knowledge in a manner that tears down communities and infrastructure as it dominates wealth and shrinks freedom. The other diversifies power and knowledge to create new wealth through rebuilding infrastructure and communities and nourishing our natural resources in a way that reaffirms our ancient and deepest dream of freedom.

My hope is that as your powers grow to see the financial game and the true dividing lines, you will be better able to build networks of authentic people inventing authentic solutions to the real challenges we face. My hope is that you will no longer invite into your lives and work the people and organizations that sabotage real change. If enough of us come clean and hold true to the intention to transform the game, we invite in the magic that comes in dangerous times.


http://www.dunwalke.com/

By way of

http://sensiblyeclectic.com/news/index.php/mainsite/2007/03/10/dillon_read_aamp_co_inc



Catherine is the founding director of Solari, Inc. She previously served as Managing Director and Member of the Board of Directors of the Wall Street investment bank, Dillon, Read & Co., Inc. She also served as Assistant Secretary of Housing/Federal Housing Commissioner at HUD in the first Bush Administration, and was the President and Founder of The Hamilton Securities Group, Inc., a broker-dealer/investment bank and software developer. Catherine has a BA from the University of Pennsylvania, an MBA from The Wharton School, and studied Chinese at the Chinese University of Hong Kong. Catherine publishes the column "Mapping the Real Deal" in Scoop Media in New Zealand and serves on the board of the Gold Anti-Trust Action Commitee, GATA.org.
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porphyrian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-12-07 03:31 PM
Response to Original message
1. I'll kick that. Fuck mandatory minimums for slave labor. - n/t
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qwlauren35 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-12-07 03:41 PM
Response to Original message
2. And not a single reply????????????
I am blown away by the irony. I was writing in another forum a while ago about this general topic. A conversant had said that jails are filled with thieves, rapists and murderers.

And it's so NOT true. What I found out is that:
- in California, one of the top 3 reasons for incarceration is drug possession
- in Maryland, one of the top 4 reasons for women in jail is failure to appear in court.
- in the US, over 60% of those incarcerated are there for non-violent crimes.

Also found out that prisons bring ~350 jobs to a local area while also providing extremely cheap labor for local industries. This doesn't take into account the accessorized businesses, such as cheap motels or fast food restaurants and diners which can spring up to feed and house inmate visitors.

Among US citizens, there is apparently a misperception of crime rates, which is partially brought on by news media - because crime sells, and by television dramas and real-life police footage... because crime sells. When in fact, violent crime rates have not risen... but drug possession has remained stagnant.

The last thing I learned is that much of this was brought about by "the War on Drugs", which apparently started out as a relatively good idea because it was MEANT to address things that came as a result of drug use, but people weren't comfortable talking about... and mandatory sentencing, again which probably sounded like a good idea for those trying to be "tough on crime", but in fact has led to some really pathetic cases of people going to jail because alternative sentencing isn't allowed.

I'm not happy about this.

You name the Clintons as culprits. I guess I need to read into that a bit.
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izzie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-12-07 04:03 PM
Response to Reply #2
4. It goes to the basic thoughts on what you think govt. is for
Odd as so many of these very people who think anything the govt. does is a hand out to the lazy them self always has their hand out to take. Bush and Chaney are the 100 percent guys who made money off what they could get the govt. to buy. Every one knows that the people still pay a 'tax' so that Bush's baseball team could get a packing lot and then they made money on it by selling the team. The tax stays on. Same with Chaney who makes his money from who he knows and what contrast his co,. gets. Yet both say govt. taking over the health care system is a hand out. And we all recall the endless welfare mother in her Caddy. Bush and Chaney have got the Caddy.
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Wickerman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-12-07 04:14 PM
Response to Reply #2
5. Catherine Austin Fitts - Republican. She paints Clinton with innuendo
yet has the hard goods on Bush I. She calls prison corruption a bi-partisan issue yet in the table above that statement she lists correction-related political contributions - nearly every recipient is a Republican.
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Cobalt Violet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-13-07 07:06 AM
Response to Reply #2
9. Hopefully people are so absorbed in the reading...
I've skimmed it and am about 1/2 way through reading it. It is a very long read. But I do get the feeling that too many people don't care because as you stated, people ignorantly believe "jails are filled with thieves, rapists and murderers".


Under GWB 5.8 times as many blacks males are in prison than 1993 South Africa under apartheid. I'm not buy that it's all Clinton's fault. But He did sign into law some of those dumb laws.
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Benhurst Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-12-07 03:41 PM
Response to Original message
3. Recommended #4
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-12-07 04:31 PM
Response to Original message
6. God Bless Catherine Austin Fitts! K&R!
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northofdenali Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-12-07 06:01 PM
Response to Original message
7. Those who support "mandatory minimums" and
"three strikes" laws should look at the explosion of prison populations and hence: prison guards, prison administrators, private prison contractors (:hi: Halliburton), specialized agencies within police and sheriff's departments etc.
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Morgana LaFey Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-12-07 10:05 PM
Response to Original message
8. I spent my entire evening reading this
Edited on Mon Mar-12-07 10:06 PM by Morgana LaFey
And I don't consider it all that well spent. Yes, it's good stuff. Yes, it's important stuff. It is, in fact, another facet (or arm/tentacle) of The Octopus. More players named, more damning info re the Clintons. Yes, I bookmarked it.
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Tsiyu Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-13-07 08:49 AM
Response to Original message
10. Kicking


:kick:
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RestoreGore Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-13-07 12:03 PM
Response to Original message
11. Mandatory Minimums Are State Sanctioned Slavery
Edited on Tue Mar-13-07 12:04 PM by RestoreGore
http://www.famm.org/

And not all those in prison in this country deserve to be there or deserve their fate. The ignorance and stigmatism surrounding this must be addressed. The lock the door and throw the key away forever mentality has only shown the character of this nation to be bereft of anything near what I once thought it stood for. So many families destroyed, so many lives forever taken. All for their precious profit. What a damned disgrace.
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