Saturday, April 22, 2006

From Hip Hop To New World Order

Robert Johnson From Hip Hop To The New World Order

“In the three business days before the attack, put options on United and American Airlines skyrocketed. The Chronicle reports that on one day, put options on United Airlines shares jumped 25 percent from the year-to-date average. In the month before the attacks, short sales on American and United jumped by 20 and 40 percent, respectively. The trades were not replicated in the stocks of any other airlines. Some of the United Airlines put options were purchased through Deutsche Bank Alex Brown, which is the American investment banking arm of Deutsche Bank, one of the world's largest investment firms. Deutsche Bank was also the source in unusual trading patterns of Merrill Lynch stock, Morgan Stanley Dean Witter stock, and stock in Munich Re and the AXA Group, two of the insurers of the World Trade Center. What makes this particularly of note is that, until 1997, the head of Alex Brown was A.B. ‘Buzzy’ Krongard, who is now the third in command of the CIA. He is essentially the agency's chief operating officer. He was appointed to that position in March 2001, after serving for three years as a counselor to CIA Director George Tenet. Krongard presided over the sale of Alex Brown to Bankers Trust Corp in 1997. The new company was bought out by Deutsche Bank AG in 1999. Mayo Shattuck III was the CEO of private banking and asset management for the Americas at the time of the attacks. He had been Krongard's second-in command, and was a major player in both of the bank's recent mergers. In September of 2001, he resigned from his $7 million a year position. Where he turned up is interesting. According to his ‘Businessperson of the Year’ profile in the Baltimore Business Journal, Shattuck was named president and CEO of Constellation Energy in what the Journal described last October as "a surprise move." Even Shattuck described it as coming ‘from right field.’ The article points out that Shattuck has no experience in the energy industry, and "lacks in-depth knowledge on many issues facing Constellation.” http://www.apfn.org/APFN/WTC_case.htm

I received an E-mail containing an article from the Washington Post dated March 15, 2006 informing Robert Johnson creator and former CEO of Black Entertainment Television (BET) recently purchased a small Florida Savings and Loan thrift with the intention to turn it into a program that promotes financial services for African-Americans. The first paragraph of the article reads, “Robert L. Johnson, the founder and former chief executive of Black Entertainment Television, said yesterday that he acquired a tiny Florida savings and loan and plans to move it to Washington to use as the springboard for a large consumer financial services company aimed at black customers. The bank, to be renamed Urban Trust, is part of an effort by Johnson to build what he hopes will be the country's largest minority-owned financial services company, one positioned to attract major Wall Street investors as it seeks to foster and profit from rising black wealth. The company is meant to compete with the nation's most elite financial firms, but, its new chief executive said, it will also spend ‘a lot of afternoons in churches’ advocating homeownership.” http://www.washingtonpost.com/wp-dyn/content/article/2006/03/14/AR2006031401910.html - The E-mail was sent via a group list I’m a member of and it was really to pump up Robert Johnson and his latest efforts to build wealth in the African-American community. I started not to even read it but my Higher Consciousness told me to check it out. While the Post article is pretty bland about mid way through the article, something caught my eye, the names of two of the financial entities Johnson is teaming with caused the red light to go on in my head, Deutsche Bank AG a German and Dutch international bank with suspicious connections to 9-11, the US CIA and money laundering and the Carlyle Group one of the largest investment/take over equity funds with connections to world leaders and insiders such as George HW Bush, the former Director of CIA, Vice President , President (and father of the current US president), John Major former Prime Minister of Britain, James Baker III former Secretary of State and US Treasury, Frank Carlucci former Deputy Director of CIA and Secretary of Defense to name just a few of the international heavy hitters on Carlyle’s board . The Carlyle Group is making mad money off of the bogus “war on Terrorism”. What made my eyes light up is the fact numerous investigators have discerned that several days prior to the 9–11 “terrorist attacks” on the World Trade Center and Pentagon there were several unusually high “put” options on both United and American airlines which seem to indicate insider foreknowledge of the pending “attacks”. Many of these “put” options were funneled through the US investment arm of Deutshe Bank, Bankers Trust AB Brown . “Suspicious trading occurs on the stock of American and United, the two airlines hijacked in the 9/11 attacks. Between 6 and 7 September, the Chicago Board Options Exchange [sees] purchases of 4,744 put option contracts [a speculation that the stock will go down] in UAL versus 396 call options—where a speculator bets on a price rising. Holders of the put options would [net] a profit of $5 million once the carrier’s share price [dive] after September 11. On September 10, 4,516 put options in American Airlines, the other airline involved in the hijackings, [are] purchased in Chicago. This compares with a mere 748 call options in American purchased that day. Investigators cannot help but notice that no other airlines [see] such trading in their put options.' One analyst later says, ‘I saw put-call numbers higher than I’ve ever seen in ten years of following the markets, particularly the options markets.’ [Associated Press, 10/18/2001; San Francisco Chronicle, 10/19/2001] ‘To the embarrassment of investigators, it has also [learned] that the firm used to buy many of the ‘put’ options ... on United Airlines stock was headed until 1998 by ‘Buzzy’ Krongard, now executive director of the CIA. Krongard was chairman of Alex Brown Inc., which was bought by Deutsche Bank. His last post before resigning to take his senior role in the CIA was to head Bankers Trust—Alex Brown’s private client business, dealing with the accounts and investments of wealthy customers around the world.” http://www.cooperativeresearch.org/index.jsp

Since 9-11 there have been many investigators who pointed this out but no one in the Bu$H administration or the mainstream media followed through on this information. Quite as its kept, over 2.5 million dollars worth of put options went unclaimed. The 9-11 whitewash commission totally ignored this information as well as the fact Deutshe Bank was one of the banks of choice for the bin-Laden family. Getting back to Bob Johnson, the Washington Post article stated , “Johnson, since resigning as chairman of BET in December -- he sold the privately owned cable broadcaster to Viacom Inc. in 2000 for $3 billion -- has been assembling what he calls his 'second act': a large asset management and financial services firm from the Bethesda headquarters of his RLJ Cos. He has teamed with Deutsche Bank AG to form a hedge-fund investment business for wealthy individuals and institutions. And Washington's Carlyle Group, the biggest U.S. private equity firm, is helping him form a leveraged-buyout fund. Three years ago, Johnson began investing in hotels, and he now has a $3 billion portfolio of properties around the country.” So Bob Johnson former Hip Hop Video Channel entrepreneur is linking up with Deutshe Bank AG an entity with noted CIA connections which has been linked to the 9-11 insider trading and the Carlyle Group one of the most profitable private investment banking groups in the world! Hmm, Pretty high cotton for a black man from Mississippi whose family moved to Illinois when he was an infant. Johnson made his money with BET a low budget cable channel that broadcast music videos, infomercials and reruns of black sitcoms on numerous cable systems around the country. BET came under relentless criticism because of its dummy down programming, lack of public affairs and in depth news but Johnson remained adamant in his assertion BET was a business, it was not about race redemption!

Johnson owns an NBA franchise and now he is venturing into financial services. The article states he purchased the Savings and Loan thrift with plans to relocate it to Washington D.C. and launch an African-American financial service. “Robert L. Johnson, the founder and former chief executive of Black Entertainment Television, said yesterday that he acquired a tiny Florida savings and loan and plans to move it to Washington to use as the springboard for a large consumer financial services company aimed at black customers. The bank, to be renamed Urban Trust, is part of an effort by Johnson to build what he hopes will be the country's largest minority-owned financial services company, one positioned to attract major Wall Street investors as it seeks to foster and profit from rising black wealth. The company is meant to compete with the nation's most elite financial firms, but, its new chief executive said, it will also spend ‘a lot of afternoons in churches’ advocating home ownership.” http://www.washingtonpost.com While Johnson’s intent and efforts are commendable and I have no doubt he will be successful, my concern is he is getting into bed with some truly ruthless characters who would think nothing of using him or making him the fall guy in a criminal enterprise ala the Savings and Loan Scandals George HW Bu$h was involved in with his sons Jeb and Neil in the 1980's. Once his thrift is set up they could exploit his inexperience and naivete to initiate a scheme to launder huge sums of money something Deutsche Bank has allegedly been doing for quite some time. A joint press release dated October 14, 2005 between Duetshe Bank and the New York Federal Reserve Bank stated, “The Federal Reserve Board and the New York State Banking Department on Friday announced the execution of a Written Agreement by and among the Deutsche Bank Trust Company Americas, New York, N.Y., the Federal Reserve Bank of New York, and the New York State Banking Department. The Written Agreement addresses Bank Secrecy Act and anti-money-laundering compliance at Deutsche Bank Trust Company Americas, including policies and practices relating to the provision of correspondent banking services.” In essence the bank agreed to tighten up and come into compliance with anti money laundering statues. The bank has known CIA, New World Order ties so the agreement was just a formality to prevent legal action against them by the government.

The economy and the real estate markets are volatile and in transition and could be disasterous for black folks who don’t know the ins and outs of real estate investing and who are traditional victims of racist practices. If Johnson and his bank are not planning on providing education to his customers, his financial partners may be using Johnson as a Judas goat to dupe black folks out of their hard earned money via predatory lending, “Studies have shown that black and Hispanic homeowners are too often sold mortgages that require higher than normal interest rates. In 2005, a Federal Reserve Bank study revealed that in 2004, regardless of income levels, blacks were about three times as likely as whites to borrow through mortgages with excessively high rates. The target neighborhoods in the PACE pilot have foreclosure action rates two to four times higher than other neighborhoods in the City. The foreclosure filing rates in the target neighborhoods run approximately 10% of the total residential 1-4 family homes there.” http://www.nyc.gov/portal/index. . Bob Johnson is going where few black men have gone, he may reap even bigger rewards for his efforts or he may learn a hard lesson about dealing with white folks and their system.

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