On Wednesday Weill said, “What we should probably do is go and split up investment banking from banking,” He continued, “Have banks do something that’s not going to risk the taxpayer dollars, that’s not too big to fail.” “There is such a feeling among people, among regulators, among the political system all over the world, against the banking system, and I don’t think that’s going to change so soon.”

This is the same Sandy Weill, who was the one time CEO of Travelers Insurance, one of the world’s largest insurance companies. He cooked up a scheme in 1998 to merge his company with Salmon Smith Barney, one of the largest investment banks and John Reed’s Citicorp, one of the world’s largest commercial banks. The result was a super-bank called Citigroup. In 1998 Federal Reserve Chairman Alan Greenspan, President Bill Clinton and Treasury Secretary Robert Rubin approved the merger, even though it violated prohibitions enacted in the Glass-Steagall act of 1933.

In 1999, under the leadership of the Clinton administration, and with the encouragement of then Treasury Secretary Robert Rubin, the repeal of key provisions in the Glass-Steagall act by the Gramm-Leach-Bilely Act of 1999 gave legitimacy to the Citigroup merger.

The Glass-Steagall Act of 1933, also known as the Banking Act of 1933 (48 Stat. 162) was passed in response to the stock market crash of 1929 and the subsequent failures within the banking system. Essentially the Act’s purpose was to prohibit commercial banks from engaging in the investment business. The Gramm-Leach-Bilely Act of 1999 removed many of the barriers that Glass-Steagall had erected. Finally Gramm-Leach-Bilely set up the ability for banks, investment houses and insurance companies to become hopelessly intertwined and to grow so large as to become “too big to fail.” It was signed into law by President Clinton.

Gramm-Leach-Bilely blurred the line between investment, insurance and lending, and weakened the enforcement provisions against sub-prime and predatory loans. After the law’s passage, sub-prime lending skyrocketed. In a paper for the St. Louis Federal Reserve System, Souphala Chomsisengphet and Anthony Pennington-Cross point out: “the market share of the top 25 firms making sub-prime loans grew from 39.3 percent in 1995 to over 90 percent in 2003. Many firms that started the sub-prime industry either have failed or were purchased by larger institutions.” Such purchases which would have been prohibited before the Gramm-Leach-Bilely Act.

When asked if he would re-instate Glass-Steagall in 2007, Barrack Obama said, “Well, no. The argument is not to go back to the regulatory framework of the 1930′s because, as I said, the financial markets have changed substantially.”

Today former senator Chris Dodd, co-sponsor of the Dodd-Frank Act which is an attempt at renewed banking regulation, and though intended to reduce the chance of another banking crisis, actually exacerbates the problem by piling so many onerous regulations on small community banks that they are giving up and merging with large commercial banks, told CNBC’s “Squawk Box” “When I first heard about it (Sandy Weill’s comments) it sort of reminded me of Paul Bunyan becoming an ecologist.” He went on to say that forcing all large banks to downsize was “too simplistic,” saying that Citi’s former chief was wrong to call for an end to financial supermarkets. “Just breaking up the banks is not the solution,” Dodd said. He insisted the tools of Dodd-Frank could, in extreme circumstances, be used to break up a systemically risky institution.

“The legislation allows for that Draconian step to be taken if necessary, not just with banks but with institutions that pose substantial risk to the country. They have the power and authority under this legislation to actually do that.”

So while Sandy Weill is calling for a return to the type of regulation and banking system he himself destroyed, we will once again have to live with the unintended consequences of laws passed by those who know little about the subject of those laws.

I know that everything Gen. Boykin says is true. I was trained in counter insurgency techniques, including how they operate, what military and psychological tactics they use, and how they subvert the social system of a country to take over and enslave the people. I was also taught how to overcome those tactics and to present a way of life that highlights freedom and self-determination.

Marxists take control of every aspect of society (Nationalization) under the auspices of making life better for the “downtrodden”. The story sounds good, “some have more than they deserve and others have less than they deserve” (sound familiar?). They will tell the populace how life can be “more fair” for society in general. They gain control of everything and then a very small group of people decide who gets what. Have you heard “a matter of fairness” from Barack Obama and the media?

The Democrat Party, with help from many Republicans, essentially nationalized the auto companies by giving them “stimulus” bailout money. Who benefitted from this, the stockholders? No, the unions benefited in a case of cronyism over law. Obama’s friends came out good; their enemies, We the People, lost.

Look at the situation in the banking industry and Wall Street. The few banks that were “too big to fail” got billions in taxpayer funds while your home value and your stock values plummeted. How many retired people lost 60% or more of their savings, money they had put back for their retirement so they would not have to look to a broken social security system for their golden years? AIG got billions to prop them up, but what happened to that money? If you will do some looking you will find that most of the money wound up in foreign banks in The United Arab Emirates, Oman, and several other countries.

How many Wall Street and “too big to fail” bank executives took a beating when the economy tanked? Have you seen the figures on the bonuses they received? I heard about the proposed 90% tax on those bonuses from “outraged” members of Congress. Was that 90% tax ever implemented or was it bluster over substance to cover political tracks? Cronyism over “fairness” again? We see Socialism/Marxism at its finest in the bank bailouts.

General Boykin mentions the Marxist tactic of discrediting the opposition. The memorandum he refers to is real, not a figment of his imagination or some “out-there” conspiracy theory. Homeland Security actually labeled veterans, those like myself who have served the United States of America honorably, as a terror threat. They also labeled anyone belonging to any gun rights organization, the National Rifle Association, Gun Owners of America, or the National Association for Gun Rights, for instance, as right wing terrorists.

The memorandum Gen. Boykin talks about never mentions the groups that set off a bomb in the parking garage of the World Trade Center in 1993, blew up the USS Cole, the Khobar Towers, the embassies in Kenya and Tanzania, flew planes into the Twin Towers and the Pentagon. There isn’t any mention of Flight 93, diverted to a Pennsylvania field thanks to the actions of heroes who gave their lives to save people they didn’t know. The Flight 93 disaster was averted by those who DHS would today call terrorists. I call those brave men heroes and patriots but to Obama, Holder, and Napolitano they are terrorists.

Boykin is correct that most of the media is in the pocket of those who would subjugate us. In the summer of 2010 a Saudi prince bought a substantial piece of FOX News. Have you noticed FOX no longer reports the news the same way they used to? They are no longer what I consider a reliable source of news.

He also nails the “hate crime” issue. Pastor John Hagee is fighting against those who would shut him up; but he has the finances to do so. How many churches can afford to defend the myriad of lawsuits and criminal charges if they speak biblical truth openly and plainly? Pastors have been silenced by the IRS with the threat of losing their tax exempt status, and long prison sentences if they speak out. I believe they should speak out anyway but most won’t. I am not in a pulpit so I can only disagree with tolerating this. Truth is the enemy of Marxism and they will go to any means necessary to stifle the truth. Dietrich Bonheoffer, German a pastor, stood up to Adolf Hitler on the same grounds and died in a Nazi concentration camp.

Let me give you an example of Marxist stealth moves in the name of “crime fighting”. Does Operation Gunrunner/Fast & Furious sound familiar? If not let me clue you in. In 2009 Arizona gun dealers reported suspected “straw purchases” of weapons to BATFE as required by federal law. They were told to let the buyers walk and BATFE would follow the guns to see where they wound up. In December 2009 a border patrol agent, Brian Terry, was killed with one of these guns. And what was the reaction of the Obama administration? Do they express sympathy to Terry’s family? No, they want more gun control laws. When the truth came out so did the spin machine. The Obama machine wants to shut these dealers down for “violating” laws regarding the “non-reporting” of firearm purchases while Eric Holder sits and lies to Congress. A little ironic don’t you think?

Hillary Clinton says 90% of the crime in Mexico is committed with guns illegally purchased in the United States through “the gun show loophole”. This is a total lie but once again they cannot let the truth interfere with the implementation of tyranny. A few months ago I saw a video of weapons captured in Mexico. Included were M-79 grenade launchers, M-60 machine guns, Claymore mines, 60 mm mortars, and more. I often attend gun shows and can guarantee that none of those items are sold at gun shows in Oklahoma.

Obama also wants his own private army, pledging allegiance to him not the Constitution. He has made provisions for that army in the obamacare bill, passed by bribery and arm twisting. Is anyone aware of Hitler’s Brown Shirts or the terror brought by the Gestapo?
Please watch and listen to the video very carefully. Our very freedom is teetering on the brink of extinction. We the People, and our nation, are not finished yet but will be if we don’t turn things around very soon. Our children and grandchildren, the future generations, are depending on us to act now to save them from tyranny. The “Greatest Generation” suffered a great deal, and tens of thousands died, to leave my generation a free nation. I will not sit back and allow my heirs to inherit anything less, will you?

The big question is: What do we do to turn this around? First and foremost we need God, we need to PRAY. Every morning my wife and I pray 2 Chronicles 7:14, “if my people, who are called by my name, will humble themselves and pray and seek my face and will turn from their wicked ways, then will I hear them from Heaven and will forgive their sin and will heal their land”. My wife and I pray for our nation, our leaders, our military, their families, our family, and a host of other issues every day.

Attend TEA Party rallies when you can. Meet with your state and federal elected officials when possible. If they have the courage to hold a Townhall type meeting, attend and have your voice heard. Call, write, or fax them on a regular basis to let them know where you stand on issues. Please share this message with others. Many want to wait until violence is the only answer but I see that as a lose/lose option. Those nations who wait that long usually trade one despot for another. Our founding fathers were a unique group at a unique time in history. They gave us the guide for a free and prosperous nation. All we have to do is to take our country back to those principles and stand strong on individual responsibility, the Constitution and the Declaration of Independence. You have an opportunity now to stand for freedom, will you take that opportunity?

I submit this in the name of the Most Holy Trinity, in faith, with the responsibility given to me by Almighty God to honor His work and not let it die from neglect.

Bob Russell
Claremore, Oklahoma
March 14, 2012