The big lie of the Reagan and Bush Sr.

The big lie of the Reagan and Bush Sr. years/ How George Bush Sr.
Almost Got Indicted for Fraud

by Al Martin

11/20/02 -- (After Pres. Clinton took office) It must have been a
shock. Clinton thought he was inheriting a $360 billion federal
budget deficit when it was in fact twice as much. He thought he was
inheriting a nation with a $5.6 trillion debt and it turns out to be
a $14 trillion debt.

By April Pres. Clinton had learned how the Bush Cabal denuded the
Social Security General Trust Fund and 43 other public trust funds
out of $5 trillion and then stuffed them full of worthless non-
marketable US Treasury securities.

They had denuded the federal treasury of all of its reserve funds,
and they had illegally taken from the Federal Reserve its emergency
currency stabilization fund. They had drawn out all collateralized
letters of credit. They had issued as much debt equity as they could
under the federal agencies - Ginny Mae, Freddy Mae, etc. They had
sold as many notes as they could and they had issued as many
restricted and worthless notes as they dared.

It is considered a High Crime for an administration to take money
out of the sacrosanct public trust funds. The money does not belong
to the United States Government. It belongs to the people of the
United States.

Greenspan pointed out in 1992 that the nation could not have
survived another 4 years of Bushonomics because what they had been
doing could simply not be hidden for another 4 years.

Realizing the enormity of the fraud he had inherited, Clinton
actually started thinking about indicting George Bush Sr. on charges
of fraud and malfeasance.

The reason Clinton never considered indicting Reagan (as well as
Bush Sr) is because Clinton knew that Reagan didn't realize what
George Bush was doing. Clinton understood that Ronald Reagan was a
figurehead and that it was really the Bush Cabal, which was running
things for all of those 12 years.

Pres.Clinton could not go public with the truth (and indictments) at
this time because it would have lead to the total collapse of the US
economy.

check out the whole article at:
http://news4florida.tripod.com/indexfraud.html

Comment: Also remember that during these 12 years of Reagan and
Bush Sr. remember there was the $325 to 500 billion bailout of the
Savings and Loans Industry, which got into trouble due to the lack
of federal regulations of the industry.

1992 New York Times reports that three of Bush's top fundraisers
are being sued in connection with bank failures and another pleaded
guilty to mail fraud in connection with an S&L. These men include the GOP
national finance chair, vice chair and two co-chairs of the President's
Dinner,which raised $9 million for Republican causes.


Also over the last 20 years, big bank laundering of criminal funds
and looted funds has increased geometrically. Over a decade then,
between $2.5 and $5 trillion criminal proceeds have been laundered
by U.S. banks and
circulated in the U.S. financial circuits. This amount does not
include illegal
transfers and capital flows from corrupt political leaders, or tax
evasion by overseas businesses. [1]

1. (Source: Size and Scope of Money Laundering by US Banks From La
Journada [Mexico],5/19/01, by James Petras - Professor of Sociology,
Binghamton University)

Source via Martin Daniel

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NEWSLETTER has no affiliation whatsoever with the originator of this
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