The Great Bank Heist of 2008
By Dr. Ridgely Abdul Mu’min Muhammad
As I read the headline in the news “Sanders Releases Explosive Bailout List” and read about the staggering amount of money being siphoned from America, I became numb. Sen. Bernie Sanders revealed the report of the Government Accountability Office, which stated that more than $4 trillion in near zero-interest Federal Reserve loans and other financial assistance went to the banks and businesses of at least 18 current and former Federal Reserve regional bank directors in the aftermath of the 2008 financial collapse. This $4 trillion dollars that went to bailout banks using money printed by the Federal Reserve was in addition to the $700 billion bailout money “stolen” from the Treasury Department at the end of the Bush administration.
However, seven years earlier in September of 2001, there was another great theft that went unnoticed because of the bombing of the World Trade Center and the Pentagon on September 11, 2001 (9/11). Then-Defense Secretary Donald Rumsfeld announced on September 10, 2001 that $2.3 trillion of the defense budget could not be accounted for. Donald Rumsfeld declared war—but not on foreign terrorists: “the adversary’s closer to home. It’s the Pentagon bureaucracy,” he said. This money wasted by the military posed a serious threat. “In fact, it could be said it’s a matter of life and death,” he said. Of course all was forgotten after the next day’s great calamities.
With these great inside-job thefts are we witnessing the “Fall of America”? The Most Honorable Elijah Muhammad published a book in 1973 with this ominous title, which included such chapters as “‘Mystery Babylon, The Great,’” “The Judgment of America,” “America surrounded with The Judgment of Allah,” “Four Great Judgments of America,” “The Fall of America Foretold, Separation Is the Answer,” “The House Doomed to Fall,” “The Destruction and Fall,” “The Day of America’s Downfall” and “Modern Babylon Is Falling.” When The Messenger delivered these warnings, he was mocked because America was the greatest super power both militarily and economically. But now as we read these stories of America being financially raped from within, we thank the Honorable Minister Louis Farrakhan for keeping the words of The Messenger alive and current. We can put what we see in perspective—prophecy is being fulfilled right before our eyes. In the chapter “Modern Babylon Is Falling,” The Messenger writes:
In the Bible, Rev. 18:4,5 in the Revelation of John, a people are warned to flee out of her. Here, we get the name Babylon to become a modern day people. The voice of an angel warns the people of a certain class to fly out of Babylon. “…Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues. For her sins have reached unto heaven, and God hath remembered her iniquities” (as being an evil people). So the angel notifies us saying, “Babylon the great is fallen.” Today, we see this same thing.
There is no people to be warned to come out of another people that answers to the description of this warning so clearly as the so-called Negro in America of lost-found people of our own Black kind does.
Here, the so-called Negro is warned to fly out of her and not to be partakers of her judgment—her torment. The angel says, so much evil has she done to thee Rev. 18:6, “Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double.”
When Bernie Sanders revealed that 18 present or former board members of the Federal Reserve had their hands in the cookie jar, the cry was “conflicts of interest,” not “get the thief,” which is cried when someone sees a Black person rob a liquor or convenience store. And when that Black “crook” is caught, he will get substantial time in prison because he stole maybe $864, which is the average amount stolen in grand larceny cases. And if his face is caught on a surveillance camera, you will be sure to see it on the 11:00 news.
How many Americans know about this $4 trillion heisted by the Federal Reserve? A Google search of the news in the week of June 16, 2012 reveals that there were only 85 news articles written nationwide on this story, while in this same week there were 12,200 news articles on store robberies and 109,000 news articles on the rumor that Kim Kardashian and Kanye West might get married. As the sports commentators might say, “C’mon man,” are we being taken for a ride as these bums hide? Is the news media’s job to fake the public out with trivia, while their cousins or brothers fleece the wealth of America? Of course 9/11 was not trivia, but it has been proven to be a diversionary inside job that blamed the bombing on Arabs while shifting attention away from the Pentagon’s hands in the taxpayers’ “cookie jar.”
While the crooks were backing the “getaway van” to the back door of the Federal Reserve and Treasury in October of 2008, America was drunk with the anticipation of electing her first Black president, who promised “change that we can believe in.” However, one of the first things that he did after his inauguration was to exonerate President George W. Bush and Vice-President Dick Cheney of any wrongdoing while they were in office.
And what does $4 trillion dollars look like anyway? Many of us have never had more than $10,000 cash money that we could put our hands on. The average American family in 2010 only made $45,800. At that rate it would take the average family 82.5 million years to earn $4 trillion. And you remember Bernie Madoff who made off with $18 billion of his investors’ money? It would take this same average American family 371.1 thousand years to make that kind of money, which Bernie stole in about 40 years.
When a Black man robs a convenience store for the average take of $864, what can he buy: a few loaves of bread or pay down some type of debt? It would take 4.7 billion people to steal this average $864 to equal the $4 trillion stolen by these sophisticated banker thugs. What can people like Madoff or those 18 Federal Reserve board members—whose average take in this heist was $222.2 billion—do with such wealth? After they buy some more mansions, boats and hookers, they would still have more money than we could ever imagine spending. They could gamble a part of this wealth on the stock market to raise the value of stocks so as to sucker more small investors into their financial traps, as they prepare the “sheep” to be fleeced yet another time. But what could a sociopath do with $222.2 billion? In America he could buy a governor, as in the case of Wisconsin, where the opposition candidate’s campaign budget was dwarfed by the out-of-state influence peddlers. Such a sophisticated crook could outfit an army with surplus military weapons—guns, boats, planes and ships—and start wars to control the resources all over the world, as many international bankers have in fact done.
These great bank and treasury heists have also had a great economic impact on the average American. The Federal Reserve released figures on June 11, 2012 that the net worth of the typical American family fell by 40% between 2007 and 2009. In fact, the typical American family was robbed to the point that their net worth is what it was in the 1990s—just like the American military bombed Iraq back into the “stone ages” in their “Shock and Awe” display in 2003. The Bush administration used 9/11 as the pretext for destroying Iraq, while somebody in his administration had walked off with $2.3 trillion in 2001 from the Defense Department, $700 billion in 2008 from the Treasury Department and $4 trillion from 2008 to 2009 from the Federal Reserve.
Not only has the net worth of the typical American gone down, but his/her income has also fallen from $49,600 in 2007 to $45,800 in 2010. America is sinking fast and taking on more foul birds. New immigration laws allow rich foreigners to basically buy their American citizenship, if they can bring in enough investment capital. So as America loses capital to the international banker, she has become the harlot of the world, inviting anybody with money to partake of her.
The only thing that I can say is to repeat the warning and admonition of The Honorable Elijah Muhammad as he makes Bible prophecy relevant to today’s headlines: “…Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues. For her sins have reached unto heaven, and God hath remembered her iniquities.”
(Dr. Ridgely A. Mu’min Muhammad, Agricultural Economist, National Student Minister of Agriculture, Manager of Muhammad Farms.)