controlling corporations

Thu Sep 1 10:32:10 BST 2011

You may care to send this letter to your MP.

Mr Vince
Cable, MP

Sec of
State Business Innovation  and Skills,

1 Victoria Street,  SW1H 0ET                                              1
Sep 11

Dear Mr Cable, ,                    Alternative finance for
deficit repayment 

It is argued that the
deficit needs to be repaid.  Here’s how. 

Charging a levy on each
corporation for trading on Adam Smith’s ‘Golden Highway’ – the inestimable
privileges of  both incorporation and
freedom to carry out business in Britain,- would yield not only  sufficient to recoup public handouts to  private firms –“the deficit” – but could go
on to pay off the national debt –without difficulty. 

The cash

The capitalization of the FT
100 shows the scale of their wealth.

The justification

1 Multi £million fines
by  regulators show corporations are out
of control

 2 Trading in 
credit worthy English speaking affluent educated, stable , un corrupt UK is a privilege which no miulti national can forego.

The precedent

The directors and sponsors
of the Bank of England  paid a hefty
premium  for incorporation in 1694 

-and many times therafter to
have their charter of incorporation renewed.

By graft and payments to
corrupt nineteenth century ministers  the
control which justifiably  skeptical society
exerted over corporations via this renewable charter, was lifted and  to-day is forgotten but sorely needed – the
proof is the list of £m fines attached 

The rogues now run the Bank
of England as directors, nominees and on mpc.

The proof  

“of all… the worst is the
banking system we now have”…..Mervyn King 

And we know that the City of
London Corporation blackmails the Treasury and the Bank.

The solution                                                                                         and funds politicians.

1  An annual 
fee for the inestimable privilege – the illusion of artificial  ‘incorporation’  from just one corporation- the City of London –
would pay off the fiscal deficit and go on to pay off the national debt, then ,
if HMG freed itself from voluntary bondage to the banks – allow debt free state
expenditure.

2 Set a renewable
termination date (RTD) for each corporation and shorten it for fraud 

etc or extend it for
compliance. This is not a new idea but has impeccable 1694 precedent 

You may want to reconsider
whether you really want to ‘go into service’ as a servant (minister) of a
servant HMG of the City rogues inc. .

Yours faithfully,             James Armstrong   

             List of corporate rogues and the
scale of their roguery 

    (fines by 
SEC, FSA, OFT regulators  free
them from prosecution and so decriminalize them. )

EU  Fines

1 April 2011 Proctor and Gamble & Lever
Brothers £240million 

 Source BBC News  website

2 Microsoft
Fined     £680million   2008

3 Intel
Fined              £1bn               2009

4 13 Global
airlines cartel fined      euros   800m (Quantas $6.5m 07

5      Heineken 
Fined  Euros        219m  
with 3 others in Netherlands 
07 

MULTINATIONALS’  FINES 
PAID BY CORPORATIONS

List
Compiled by George Draffen     see
endgame.org website

Johnson and
Johnson   16m euros  (Portugal) 

Amro  Bank                     $80m             2005                                         

AIG
(insce)                  $1.6bn              2006                        Credit Suisse   $150m   
02

100                                  
01

American
Electric         $4.6bn              2006                                         
300               03

American
Express         $ 3.7m             2007                 De Beers           10m

                                       $
7.4m            2005            Delloite Touche      $50m            05              

Astra
Zeneca                  $355m                                Deutsche
Bank         $87m           04

Bank of America            $375m           2005              Enron                      $1.5bn         05

Bayer                              $250m                           First American
Bank     $6m            04

                                        66m                                    
Walmart                  $11m          05

33m            
2004              Nike                            $1.5bn      03

55m                                    Paypal                         $10m        03           

15 m                                   Pfizer                      $ 430,000 

Bear
Sterns                     $ 80m          2003               Philip Morris             $1.2bn        04

                                                                      2.75m       04

Boeing                            $100m                   Pilgrim Bowker, Old
Mutual   $100m  

$600m         06     Prudential Financial                   $600m

Bristol
Myers                  $150,000               Roche Hldgs                             462m euros

$300,000              Royal D
Shell                           $120m

Cargill                              $24m                                                                     
30m

 Chevron                           $6 m                        Samsung                                $300m

Citigroup                          $400m                   Sony                                        $ 10m

300m                 TAP
Pharma                              $885m       

215m                Time Warner                              $210m      05

70m                            
do                                    
$300m     05

$2.4bn   04                   do                                     $3bn       05

$2.0bn     

Tobacco                               Reynolds, PH
Morris…$ 590m   05      

Add to
these the multi million fines imposed on corporations  by Office of Fair Trading , and by F SA  in this country and you have a 

stark proof
of  rogue traders on Adam Smith’s  ‘Golden Highway’ 

Goldman
Sachs.       This firm, from whom the Bank of England
recruits mpc members and directors (Willem Buiter and Lord Griffiths) has
agreed to pay $550million to settle fraud charges  and 
been fined  in UK, £17.5million by
FSA. Goldman  Sachs  staff pay in 2010 was $16.2bn and their profits $12.2bn . 

ROBERT
PESTON  writing, in ‘Who Runs Britain’,

  giving the example of a Walmart employee in
US.  who bought a house he could not really
afford – 

“such
mortgages became known as  liars’ loans
.The point is that somewhere near $1.3trilllion dollars of these loans  were sold to investors all over the world…..”

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