Letter to the Editor

Wars and Wall Street

Wednesday, May 25, 2011

John Perkins wrote in his book, "Confessions of an Economic Hit Man," that his work may have created 9/11. Bin Laden also mentions Perkins' book. Perkins writes of people who were covertly killed when they did not cooperate with government agents. Prior to our invasion of Iraq, our embargo caused the death of over 500,000 Muslim youth. Was this motivation behind 9/11?

Was Wall Street in back of the invasion of Iraq to get oil? Our invasion of Iraq resulted in the death of over 100,000 Muslim women and children. This makes a mockery of the Christian virtue of, "Love your enemy and save the fetuses," campaign. Did any Christian Bishops speak out in protest about what we were doing to the innocent victims of war?

Another book, "Treasure Islands," describes "off shore" banking that enables corporations to get by without paying taxes. It is written on page 112 that George W. Bush helped corporations shift 360 billion dollars to the U.S. through a Bush loophole. Bush claimed this amnesty was to "provide jobs." Much of it went into share buy backs, boosting executive bonuses. A watch dog group said "it created not one single job." Journalist Bill Moyer lists Bear Sterns, Morgan Stanley, A.I.G., and Goldman Sachs, involving 596 trillion dollars, as the ones who had us on the verge of depression. Seventy people control 70 percent of the economy. How many taxes do they pay? We are being robbed. The churches are silent. The senators condone it.

The twin towers disaster should be looked at as a a rebellion against Wall Street. FDR tamed the beast with the Glass-Steagall act which separated investments from banking. But in 1999 Gramm-Leach-Bliley replaced that act opening abuse that brought us to the edge of financial depression through deregulation. The beast was let out of prison and at the end of Bush's term we faced financial disaster. Wall Street masters have more power than Presidents and are involving us in more wars to make money for the corporations. They are calling the game plays around the world. Their tax havens suck money from the poor and middle class of every nation and give it to the rich. It doesn't trickle down, it floats up. We are in a class war that Wall Street has created. The other wars are a diversion. Again, where is the moral leadership? Read the books and see what conclusions you come to.