The Pirates of Manhattan II: Highway to Serfdom
In “The Pirates of Manhattan II: Highway to Serfdom” Barry James Dyke warns us that America is an empire in decline. We have an asset management industrial complex which controls the nation’s savings and credit for the enrichment of Wall Street, mutual fund companies, global asset managers, executive insiders and the media. You will discover:
– Congress no longer makes regulations. Lawmakers delegate financial regulation to regulators who are controlled by lobbyists. Through lobbying, General Electric, one of the country’s largest banks, is a poster child for corporate welfare and crony capitalism.
– The two key financial watchdogs for consumers, The Securities and Exchange Commission and Finra are impotent to correct any financial wrongdoing and imbedded in Wall Street finance.
– The media giants Bloomberg, CBS, Disney, News Corp., CNBC/NBC/Comcast, The Tribune Company, The Washington Post, NPR, PBS and Marketplace Money have a dysfunctional co-dependent relationship with the asset management industrial complex. Financial gurus SuzeOrman, Dave Ramsey and Jane Bryant Quinn are systematically misinforming Americans with inflated claims about mutual funds—the core investment for American’s 401(k)s and retirement savings.
– Elites in the America Empire (bankers, The Federal Reserve, government employees, highly compensated executives) do not speculate with their savings in mutual funds. The prefer guaranteed products backed by company balance sheets and life insurance companies.
– While inside executives accumulate vast fortunes with lavish pay packages, rank and file employees are being corralled into complex volatile mutual funds controlled by the asset management industrial complex. The author reports how Apple, Best Buy, Borg Warner, CBS, Cisco, Coca-Cola, Computer Sciences, COSTCO, Disney, Eastman Kodak, EMC, Ford Motor, Fortune Brands, Fluor, The Gap, Gannett, Goodyear, Honeywell, Humana, IBM, Kroger, McKesson, Medtronic, Microsoft, News Corp., New York Times, Nextera, Oracle, Parker-Hannifin, Pepsi, Raytheon, Rite Aid, Rockwell, SAIC, Stanley Tools, Target, Textron, Thermo Fisher Scientific, United Airlines, Valero, Waste Management, Wells Fargo, WellPoint, Whirlpool, Whole Foods and hundreds more have put their employees retirements at risk by steering their people into mutual funds without any guarantees.
If you want to protect your freedom and financial future, you must read “The Pirates of Manhattan II: Highway to Serfdom.” It will be an eye-opener of the first order. Read this book. Understand how your savings are being robbed in broad daylight.
The Pirates of Manhattan
“The Pirates of Manhattan” was published in May of 2007 and gives consumers and financial advisors a detailed historical overview of the under lying problems within the American financial system. The Pirates of Manhattan is unique in that it warned of the financial crisis before it happened. The book has sold throughout the United States and the world off the internet, and has become a best seller. Major themes in “The Pirates of Manhattan” are:
– How the U.S. financial system has evolved into one huge speculative casino. Excessive speculation has become woven into the fabric of American economy from Enron to mutual funds to the most recent financial crisis. The author was one of the first to document the inside connections between Wall Street, banking and the government.
– The Pirates of Manhattan documents the enormous powers commercial and Wall Street investment banks exert over the American financial system. Through deregulation, de-supervision and subsidization by the tax payers banks have become major power centers in economies throughout the world. There is no meaningful regulation of banks or other asset managers.
– In the chapter, “Never Met A Man Who Made His Millions in Mutual Funds” the author gives the reader a behind the curtain view of the massive corruption of the mutual fund industry within the United States. The author’s claims are backed up with extensive SEC and NASD enforcement actions and violations. Yet regrettably, if Americans save today, it is like to be in stock based mutual funds.
– In “The Human Life Value “chapter, the author provides research about the value of a human life and why life insurance should be a cornerstone of a financial plan. The author documents the $6 billion life insurance payment made by the U.S. government to the victims of the 9/11 World Trade Center Disaster—and how The World Trade Center Victim Compensation Fund was the largest life insurance payment ever.
– In Bank Owned Life Insurance chapter, the author documents that one of the most important financial assets any bank holds and owns is a high cash value life insurance. Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, U.S. Bank, KeyBank, Bank of New York Mellon, PNC Bank and thousands more invest billions in cash value life insurance to give bank reserves a solid foundation. Often banks have more invested in cash value life insurance than they do in hard assets [bank premises, computers and real estate].
– In Corporate Owned Life Insurance, the author documents how key executives from General Electric to Starbucks use life insurance as a valuable form of compensation.
– Author wraps up the book showing how life insurance is a wonderful financial tool for the consumer, showing how the product is a financial work horse which has stood the test of time. The author maintains that high cash value life insurance is more valuable to consumers than to banks and corporations.