Citizens Dedicated To Preserving Our Constitutional Republic
Dear Fellow Patriots:
What follows is a letter that I recently forwarded to Congressman Allen West regarding the Congressional Insider Stock Market Trading and Agenda 21 (Land Grab Movement) issues:
Letter to Congressman West:
“December 7, 2011
Dear Congressman West:
I again would like share the following letters that I recently forwarded to my NM U.S. Senator Tom Udall and Congressman Martin Heinrich regarding the supposedly legal insider stock market trading by some of our elected officials in Congress that occurred in the days leading up to the 2008 economic crash that seems to be an ongoing practice to this date, along with Agenda 21, which is an ongoing land grab movement by certain hedge managers and other elites, to include some members of Congress:
Letters to NM U.S. Senator Udall and Congressman Heinrich:
December 7, 2011
The Honorable Tom Udall
United States Senate
110 Hart Senate Office Building
Washington, DC 20510-3101
Congressman Martin Heinrich
336 Cannon HOB
Washington, D.C. 20515
Phone: (202) 225-6316
Fax: (202) 225-4975
Dear Senator Udall/Congressman Heinrich:
I am writing to inform you that I have become extremely concerned about the supposedly legal, but questionable insider stock market trading by some of our elected officials in Congress, which occurred in the days leading up to the 2008 economic crash and seem to continue to this date.
The reasons for my concerns are as follows:
On or about March 5, 2011, there was an article published by Nancy Morgan, a columnist and news editor, that revealed that after two full years following the 2008 economic crash a Pentagon contractor had finally issued a report on the series of events that led to the crash. The report suggested that financial subversion was carried out by unknown parties, such as terrorists or hostile nations, which contributed to the crash by covertly using vulnerabilities in the U.S. financial system and that “there was sufficient justification to question whether outside forces triggered, capitalized upon or magnified the economic difficulties of 2008.”
What follows are pertinent excerpts from this article:
“Notable for its absence is any suggestion that the economic events that arguably catapulted Obama into the White House may have originated in our own political system.
Consider: The economic house of cards started tumbling on June 26, 2008, when Senator Chuck Schumer leaked a memo questioning the solvency of IndyMac bank. This memo precipitated a run on IndyMac, which led to its failure. Federal regulators pointedly cited U.S. Sen. Charles Schumer, D-N.Y., in explaining the bank's failure.
"The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York."
As I wrote in February of 2009, this event, coupled with the Lehman Brothers collapse in September, marked the beginning of the current economic meltdown and provided the environment that enabled Barack Obama to focus on the economy instead of his position on Iraq - and, not incidentally, resulted in his election as President.
For the last two years, the media has neglected to connect the dots regarding the strange gyrations in our financial markets that started in the summer of 2008. After Schumer caused the run on IndyMac in June, the government moved in:
July 12, 2008: The federal government takes control of the $32 billion IndyMac Bank. *
* Six months later, Jan 2, 2009, a seven-member group of investors agreed to buy the remnants of failed lender IndyMac for $13.9 billion. Other investors included a fund controlled by billionaire George Soros' Fund Management.
Sept. 6, 2008: Fannie Mae begins its downward spiral, which will end with a crash in November. This crash was avoidable, as the problems with Fannie Mae and Freddie Mac were identified in June of 2006, when 15 Republicans on the Senate Banking Committee introduced legislation to address the problem. Democrats, led by Barney Frank, killed the reform efforts.
Sept. 15, 2008: Obama and McCain are virtually tied in their race for the presidency. Out of no-where, in the space of less than 2 hours, the Federal Reserve noticed a tremendous drawdown of money market accounts in the U.S. to the tune of $550 billion. Rep. Paul Kanjorski of Pennsylvania said that if authorities had not closed the banks, $5.5 trillion would have been withdrawn from US banks, which would have caused the collapse of the US within 24 hours.
This seminal event marked the ascendancy of Obama's candidacy, and arguably resulted in his election as president.
Fast forward to February of 2009:
The markets reacted to Obama's proposal to bail-out mortgages and Senator Christopher Dodd's talk of nationalizing banks by reaching 11-year lows.
Obama continues to stoke the fears of imminent crisis, actually using the word 'crisis' a total of 26 times in one speech.
Enter George Soros. The infamous one-worlder, billionaire George Soros adds his voice to the media doomsayers by opining that the world financial system has effectively disintegrated, adding that there is yet no prospect of near-term resolution to the crisis.*
The series of 'inadvertent errors', deliberate obstruction, political shenanigans, behind the scenes manipulation of the money markets and non-stop calls for immediate infusions of taxpayer cash brought the U.S. to its knees by February 2009. And continues to this day.
The newly issued Pentagon report, along with the media and our elected officials, seem intent on not connecting the dots, considering only foreign enemies as the possible cause of the financial meltdown:
Suspects include financial enemies in Middle Eastern states, Islamic terrorists, hostile members of the Chinese military, or government and organized crime groups in Russia, Venezuela or Iran. Chinese military officials.
This author believes there is enough information to at least consider that this crisis was manufactured for political gain. Right here at home.”
Was the Economic Crisis Manufactured?-Posted on American Thinker-By Nancy Morgan-On March 5, 2011:
What crossed my mind when I initially read the above article was that it had to be another conspiracy theory because I couldn’t imagine that any individual and/or individuals within our own government would be that corrupt, unethical and heartless to either allow and/or do anything that would contribute to an economic crash that literally destroyed so many American’s lives, but much to my dismay, I discovered that it was no conspiracy theory when I read a CBS News Report that was published on November 13, 2011, along with viewing a CBS 60 Minutes broadcast that aired on November 14, 2011, that revealed that in the days leading up to the 2008 economic crash some of our elected officials in Congress had made a variety of insider stock trades, which ultimately enriched them and their families while millions of Americans lost their jobs, homes and life savings.
What follows are pertinent excerpts from this CBS News report:
“The next national election is now less than a year away and congressmen and senators are expending much of their time and their energy raising the millions of dollars in campaign funds they’ll need just to hold onto a job that pays $174,000 a year.
Few of them are doing it for the salary and all of them will say they are doing it to serve the public. But there are other benefits: Power, prestige, and the opportunity to become a Washington insider with access to information and connections that no one else has, in an environment of privilege where rules that govern the rest of the country, don’t always apply to them….
Most former congressmen and senators manage to leave Washington - if they ever leave Washington - with more money in their pockets than they had when they arrived, and as you are about to see, the biggest challenge is often avoiding temptation.
Peter Schweizer: This is a venture opportunity. This is an opportunity to leverage your position in public service and use that position to enrich yourself, your friends, and your family.
Peter Schweizer is a fellow at the Hoover Institution, a conservative think tank at Stanford University. A year ago he began working on a book about soft corruption in Washington with a team of eight student researchers, who reviewed financial disclosure records. It became a jumping off point for our own story, and we have independently verified the material we’ve used.
Schweizer says he wanted to know why some congressmen and senators managed to accumulate significant wealth beyond their salaries, and proved particularly adept at buying and selling stocks.
Schweizer: There are all sorts of forms of honest grafts that congressmen engage in that allow them to become very, very wealthy. So it’s not illegal, but I think it’s highly unethical, I think it’s highly offensive, and wrong.
Steve Kroft: What do you mean honest graft?
Schweizer: For example insider trading on the stock market. If you are a member of Congress, those laws are deemed not to apply.
Kroft: So congressman get a pass on insider trading?
Schweizer: They do. The fact is, if you sit on a healthcare committee and you know that Medicare, for example, is—is considering not reimbursing for a certain drug that’s market moving information. And if you can trade stock on—off of that information and do so legally, that’s a great profit making opportunity. And that sort of behavior goes on.
Kroft: Why does Congress get a pass on this?
Schweizer: It’s really the way the rules have been defined. And the people who make the rules are the political class in Washington. And they’ve conveniently written them in such a way that they don’t apply to themselves.
The buying and selling of stock by corporate insiders who have access to non-public information that could affect the stock price can be a criminal offense, just ask hedge fund manager Raj Rajaratnam who recently got 11 years in prison for doing it. But, congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws, even though they have daily access to non-public information and plenty of opportunities to trade on it.
Schweizer: We know that during the health care debate people were trading health care stocks. We know that during the financial crisis of 2008 they were getting out of the market before the rest of America really knew what was going on.
In mid September 2008 with the Dow Jones Industrial average still above ten thousand, Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke were holding closed door briefings with congressional leaders, and privately warning them that a global financial meltdown could occur within a few days. One of those attending was Alabama Representative Spencer Bachus, then the ranking Republican member on the House Financial Services Committee and now its chairman.
Schweizer: These meetings were so sensitive—that they would actually confiscate cell phones and Blackberries going into those meetings. What we know is that those meetings were held one day and literally the next day Congressman Bachus would engage in buying stock options based on apocalyptic briefings he had the day before from the Fed chairman and treasury secretary. I mean, talk about a stock tip.
While Congressman Bachus was publicly trying to keep the economy from cratering, he was privately betting that it would, buying option funds that would go up in value if the market went down. He would make a variety of trades and profited at a time when most Americans were losing their shirts….”
Congress: Trading stock on inside information?-Posted CBS.com-On November 13, 2011:
Video: ‘60 Minutes’ Blows The Lid Off Congressional Insider Trading!-Posted on Business Insider-By Zeke Miller-On November 14, 2011:
I have to admit that I totally agree with Mr. Schweizer’s statement contained in the above CBS News report, which is that “it is unethical, highly offensive, and wrong for members of Congress to be able to legally use non-public insider information they obtain during their official duties to make well-timed stock market trades in the very industries that they regulate” and believe that those members that used the non-public insider information to make stock market trades in the days leading up to the 2008 economic crash while millions of Americans lost their shirts and are still trading should be impeached or voted out of office and not be allowed to serve in public again.
Additionally, the following recent article and video revealed an ongoing land grab movement by members of both the Democratic and Republican party, along with other hedge fund managers, which will require Americans to give up their individual freedoms, personal property and redistribute their wealth. Also included are recent articles that revealed that Sheriffs around the country, to include here in New Mexico, are now rising up against this despicable movement:
Agenda 21 and the Threat in Your Backyard!-Posted on The Heritage Foundation-By Mike Brownfield-On December 5, 2011:
Video: How your community is implementing AGENDA 21!
Sheriffs Up-Rising Against Agenda 21:
Sheriffs Rise Up Against Feds!-Posted on American Free Press-By Pat Shannan-On November 2011:
New Mexico Law and Local Sheriff Trump the Feds in Agenda 21 Land Grab!-Posted on The Truth is Treason-By KEVIN HAYDEN-On November 8, 2011:
I am outraged that American’s across the country are not out in the streets protesting these repulsive actions by our elected officials and hedge fund managers. I also wonder why the “Occupy Wall Street” protestors were not protesting some of their own Congressmen that are still taking part in the insider trading and land grab movement, along with Wall Street, big corporations and banks.
What I find just as deplorable, reprehensible and unforgiving is not only that these actions are contributing to the further destruction of so many American’s lives, but now, as a result of the failure of the Congressional defense-reduction super-committee to do their job, which I now see as another distracter, we will experience additional tax hikes for the middle class, along with cuts to the Defense budget, especially when we’re asking our military to do more, will not only send a “horrible message” to Americans here at home and abroad, but “our adversaries and our enemies all across the world.” And, if our President (Commander-In-Chief) is willing to put politics over the men and women that we have in uniform serving all over this country and world that were asked to stand on freedom’s ramparts and protect us so that we could enjoy a Merry Christmas, instead of looking at places within the executive branch where he can look at agencies, failed programs, and duplicative programs that could be put on the table for now, I believe the president is being misguided.
I hope and pray that you were not one of our elected officials that profited by making well-timed stock market insider trades during the economic events that led to the 2008 economic crash, along with the ongoing land grab movement and would urge you to consider sponsoring and/or supporting a bill that would prohibit members of Congress and staffers from using knowledge gained from their jobs to trade in securities and a bill that would put a stop to the land grab movement.
I look forward to hearing back from you regarding this extremely disturbing matter, along with the numerous other issues that I shared with you in my letter of November 23, 2011, which I believe are just as important and, if not immediately dealt with, they will continue to covertly erode our Constitutional Rights and/or Bill of Rights and ultimately destroy our state, country and our Republic, which seems to be the ultimate goal by some within our own government or country.
May you and your loved ones have a Merry Christmas and a Happy and Prosperous New Year.
Thank you again for your continued public service to this state and our country.
Jake L. Martinez
Automatic Electronic Response Received From Senator Udall’s Office Regarding My Email Above:
Thank you for your message!
I look forward to reviewing your comments and questions.
Before you leave, I hope you'll explore my website. On this page, you can learn more about the work that I've been doing on important issues and legislation as your U.S. Senator.”
Note: My following blog post contains numerous articles and/or blog posts and videos that relate to this disturbing issue:
Was the Economic Crisis Manufactured?
Please be aware that I am not senile enough (YET) to believe that any of my NM Representatives will ever respond to my numerous letters regarding this or any other issues that I feel will eventually destroy this great country of ours, but that's not going to discourage or stop me from corresponding with them, which I will do until the day I get called home by my beloved Creator who has graciously allowed me to survive two colon cancer surgeries to continue the fight so that my four sons, fourteen grandchildren and one recent great grandson can enjoy the great opportunities that I've enjoyed in my 65 years of life on this earth, which includes the opportunity to honorably serve this great country of ours as a Marine Mustang Officer for twenty years. I honestly couldn't live with myself if I did what so many other Americans seem to be doing at this crucial time when our Republic needs us more than ever, which is to take the easy road by sticking their heads in the sand hoping that this disturbing issues would all go away like a bad nightmarish dream-not going to happen!
My purpose and/or reason for sharing these and other letters with you that I have forwarded to my NM Representatives is simply to get your feedback because I know that there is probably nothing you can do when it comes to getting them to respond to me, but after having some time to observe your actions since being elected to Congress, along with your honorable service to our country as an Army Officer, I feel that you are someone that I can trust to provide me with some direction, which would assist me in getting my concerns addressed or at least letting me know whether or not there is any validity to my concerns.
I look forward to hearing from you regarding this disturbing and time sensitive matter.
Here's Wishing You & Your Loved Ones A "Very Merry Christmas" & A "Prosperous New Year."
God Bless You and God Bless the U.S.A.!
Jake L. Martinez
Automatic Electronic Response Received From Congressman West’s Office Regarding My Email Above:
Thank you for your email
Email Received From Congressman Wests’s Office Regarding My Email Above:
Congressman Allen West responding to your message
Wednesday, December 7, 2011 10:07 PM
From: "Congressman Allen West" <email@example.com>
To: Jake Martinez
Thank you for contacting me. I appreciate hearing from you and having the benefit of your views.
As you can understand, each day my congressional staff responds to the hundreds of letters, emails and telephone calls my office receives. We are doing our best to respond as quickly as possible. Please be assured you will receive a response in the near future.
I would suggest that you review my website, as well as my Facebook http://www.facebook.com/AllenWestFL and Twitter www.twitter.com/AllenWestFL, to keep informed on the many issues I am involved in the United States House of Representatives. While you are visiting my website www.west.house.gov, I would ask that you please be sure to sign-up for my electronic newsletter and my weekly updates on what I am doing on Capitol Hill and in Florida.
I greatly appreciate the time and thought that went into your correspondence to me. Again, thank you for contacting me.
Allen B. West“
Note: My following blog posts relate to and/or support my above letter-You Decide:
Was the Economic Crisis Manufactured?
Who or What Was Behind the Financial Crisis?
ACORN-The Community Reinvestment Act (CRA)-Automaker Labor Unions!
New York Times Finally Admits It Spiked Obama/ACORN Corruption Story!
What do Obama, Tim Geithner, The Ford Foundation, Fannie Mae/Freddie Mac, China and Muslims have in common?
Tyrannical Takeover of Our Financial Services Sector By the Federal Government!
The Obama Fiscal Responsibility Farce Continues!
Manipulation Behind Market Plunge!
Is it important to understand the Marxist assault on the foundations of our system?
New World Order By Executive Order!
Nearly 80 percent don’t trust the government!
Note: If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial. Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.
“Food For Thought”
God Bless the U.S.A.!