[UPDATE: So Pat Powers has taken notice of this post, and does not want to talk about Janklow's legacy, how about Citibank: Lords of Corruption:
Citibank did not invent corruption. It was brought to America from Europe; the Revolution and new Federal government changed little. Banks were considered by many to be corrupt in and of themselves, like usury, and there were no banks in the Colonies at the time of the Revolution. Citibank was born in 1812 to serve the interests of a few New York City merchants who bribed the New York State legislature to get a charter.
In 1998, the brother of former Mexican President Carlos Salinas, Raul Salinas was caught transferring hundreds of millions of dollars out of Mexico to Citibank in New York. Citibank was then sending the money to banks in Switzerland.
The Salinas family is believed by both U.S. and Mexican law enforcement to have received nearly a billion dollars from Mexican and Colombian drug cartels. Raul Salinas was released from prison in 2005, after serving ten years for the murder of his brother-in-law.
Upon consideration of the fact that many U.S. banks have engaged in laundering drug profits for the powerful and violent cartels, the $700 billion bank bailout engineered by Bush administration Treasury Secretary Hank Paulson, seems even more questionable.
The fact that none of that bailout money actually went to help homeowners facing foreclosure, combined with the Treasury´s refusal to specifically tell Congress where large amounts of it went...makes you wonder if the relationship between the banks and the drug cartels goes far beyond what we are being told by the Justice Department.
Instead Pat Power has his readers into a misogynistic discussion based on the premise the Democrat political leaders and Republicans leaders have to be both males. And there woudl be a lot less conspiracy theories if Pat Powers had a few less secret espionage spies.]
First, I need to remind Cory Heidelberger about what he posted in regard to South Dakota's Bank Franchise fees:
The state banking association sees more harm than good in trying to do away with the bank franchise tax. But I suggest the real reason the bank franchise tax does not drive banks away from South Dakota because we have structured it as a Romney-Ryan regressive reverie. Check out the tax table on page 5 of the state bank franchise tax form...
Our regressive bank franchise tax thus means the smaller community banks pay a higher percentage of their income to the state, while the jumbo banks that move here to take advantage of our lax usury laws pay a lower percentage.
Bob Mercer has a report that explains how the impact of the regressive income tax on banks is going to fund the Building South Dakota's New World Order fund:
In the next few years, South Dakota’s state treasury is expected to start receiving a large annual windfall of cash that belongs to people who don’t live here.
If experience holds true, much of this money, known as unclaimed property, probably won’t ever be claimed. Knowing the odds, the Legislature and the governor reached final agreement in the past week to take a gamble and start spending a large chunk of it.
That begins less than two years from now. A stream of the money will be automatically channeled into the new Building South Dakota fund. It will pay for incentives for economic and community development.The timetable calls for 25 percent, or about $7 million, of the unclaimed property money to be transferred into the fund during the 2015 budget year.
That will be followed by 50 percent, or about $15 million, in the 2016 budget year. The 50 percent share will continue annually after that.
“It doesn’t cost us anything. It doesn’t cost the banks anything. It’s one of those things that comes along with us being a welcoming state for banking,” said Republican Sen. Bruce Rampelberg, a retired banker from Rapid City.
...Just a decade ago, South Dakota netted little from unclaimed property. Depending on the year, it might be $1 million or less.
That is changing fast. Unclaimed property revenue collected by the state treasury rose past $10 million in each of 2011 and 2012. For 2014, it is forecast to be about $30 million and remain at that level going forward.
This surge was fueled when several major banking corporations, such as Citi and Wells Fargo, consolidated their charters in South Dakota for tax reasons. That means money left behind in accounts throughout the nation will become unclaimed property here.
So in order to entice the Democrats away from referring this to the vote of the people again, they were bought off with a portion of this new found money by adding more funds to education, including education funding for illegal immigrants.
Now for what Cory and the rest of liberals (including RINOs) don't want the people to know. Research shows the Banking Cartel are in favor of a one-world government:
The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.
According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.
In 1903 Banker’s Trust was set up by the Eight families. Benjamin Strong of Banker’s Trust was the first Governor of the New York Federal Reserve Bank. The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate.
BIS is the most powerful bank in the world, a global central bank for the Eight Families who control the private central banks of almost all Western and developing nations. The first President of BIS was Rockefeller banker Gates McGarrah- an official at Chase Manhattan and the Federal Reserve. McGarrah was the grandfather of former CIA director Richard Helms. The Rockefellers - like the Morgans - had close ties to London and ran the American operation for the European Rothschilds.
BIS is owned by the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank, Bundesbankand Bank of France.
Historian Carroll Quigley wrote in his epic book Tragedy and Hope that BIS was part of a plan, “to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements.”
It is no coincidence that BIS is headquartered in Switzerland, favorite hiding place for the wealth of the global aristocracy and headquarters for the P-2 Italian Freemason’s Alpina Lodge and Nazi International. Other institutions which the Eight Families control include the World Economic Forum, the International Monetary Conference and the World Trade Organization.
Bretton Woods was a boon to the Eight Families. The IMF and World Bank were central to this “new world order”.
And why most people have no clue about this:
The control that these banking families exert over the global economy cannot be overstated and is quite intentionally shrouded in secrecy. Their corporate media arm is quick to discredit any information exposing this private central banking cartel as “conspiracy theory”. Yet the facts remain.
Most of Citibank's biggest historic losses came as a result of war and revolution. It favors one world government because it would be insured against such losses. It would be able to penetrate every market in the world and suck the economic blood out of every citizen. This is also critically important to Citi's allies, international corporations and other super-banks.
And now with SB235, the international banking cartel will sink its teeth even deeper into the good people of South Dakota. And this legislation was done in secrecy, until the last minute. Now the South Dakota Democrats are rubbing the backs of the SDGOP Establishment as the New World Order continues its grip on this supposedly conservative red state. Time to face it, both parties want the New World Order...they are just fighting over which faction will have the most control. And they don't want the common folks to know anything about their real agenda.