Television Newsman Tells Truth On-Air

By TRB

It was tough for newsman Dylan Ratigan earlier in the week when for some unknown reason he just couldn't hold it back any longer and came right out and said what everyone is learning is the truth behind this financial mess the U.S., England and much of Europe finds itself in. Suddenly the veteran newsman exploded with the truth.

On the air.

Saying things like, "The banking system is fully corrupt and defrauding us," the journalist seemed to want to get it all off his chest. And so the following, or most of it (I had some things to say, too) is a word for word transcription of journalist Dylan Ratigan; his interpretation of what went wrong and when with our financial system.

Citing our almost $70 trillion in liabilities, Dylan Ratigan began his monolouge. The other guests on the show, not acquainted with anyone actuallly telling the truth on a news program looked like they wanted to dive under their seats.

"The president doesn't get it," Ratigan said of the current problems. "The democrats and republicans are equally to blame." And then the truth spilled out as Dylan Ratigan addressed our leaders who have been sitting on their hands or trying their best to sink the ship for a long time now. "You have lied and misrepresented the overall structure," Ratigan began. "There are misaligned interests in the banking system, in the trade agreements and in the tax code that have been extracting (stealing) money from our country for decades and it has been covered up through money printing and all the rest of this nonsense. . .

"Why am I less able to understand that my nation is being extracted systematically by millions of multi-variable mathematical equations (like derivative trading) that are happening constantly every day to my country. Why do I have to stay on the edge of my Bloomberg terminal monitor to understand the root of the problem?"

At this point one of his guests, Barry Ritholtz of Equity Research and the author of "Bail Out Nation," said "We used to be a democracy.Now we are a corporatocracy, and as long as the banks own Congress, the public is going to continue to get angrier. That the Supreme Court has given them permission to do this (to own Congress) is a radical change in our system."

"America is suffering from a vampiric extraction of wealth driven by the tax code, banking policy and trade, Ratigan chimed in, "And whoever the president is has to acknowledge that and reconcile that before we can move forward."

Ratigan was not through with getting things off his chest. He listend for a while to the musings of his "expert" guests, none of whom seemed to have any new ideas about anything. Meanwhile riots were at their height in London, the stock market was on the way to losing 4 percent of its total value and bond markets in Europe and America were in an uproar.

One of his guests pointed out that we seem to have a failed presidency. Speaking of the health care plan she said it was hard it was to believe that Obama would not even say whether or not he supported a single-payer plan. That has been the problem with Obama all along. He seems to believe he can sit on his one billion dollars in campaign funds and do nothing for four years straight. So far, he has done zip. The U.S. Navy got Osama bin Laden, it was just a matter of time. Obama can take credit for only one thing. He gave the banks everything they wanted, including their own executives to run the government agencies that are supposed to regulate them. This might help to explain why he is sitting on one billion dollars in campaign funds.

But Ratigan, who had been silent for maybe five minutes was just getting warmed up.

"I am saying that we have a real problem and I am tired of republicans and democrats, " he said. "Republicans want to burn the place (Washington) to the ground and the democrats want a plan that gets them through the second term and then screws me and my kids when it is over."

Stating that we had to be more honest about our problems, Ratigan said, "This is not an opinion, this is a mathamatical fact - tens of trillions of dollars are being extracted from the United States. Democrats aren't doing it. Republicans aren't doing it. An entire intergrated system, financial systems, trading systems, taxing systems that were created by both parties over two decades, and we're sitting here arguing whether we want to kick the can down the road for the president until 2017 or burn the place to the ground.

"I am sorry to lose my temper, but I have been coming on TV for three years doing this and the fact of the matter is there is a refusal on both the democratic and republican side of the argument to acknowledge a mathamatical problem which is that the United States of America is being extracted (stolen from). It is being extracted through banking. It is being extracted through trade. And it is being extracted through taxation.

"And there is not a single politician who will step forward to deal with it," He sat there with his hands in his lap. His guests didn't seem to know what to say. Finally a guest asked him if he had any answers. He did.

"If you are the President of the United States, go to the people and say 'People, your Congress is bought, . . your Congress is incapable of moving legislation on heath care, banking or taxes because if they do they wil lose their political funding and they won't do it.

"So I am not going to work with a bought Congress. I am going to abandon the bought Congress like Teddy Roosevelt did.

Ratigan has been fiesty on his show in the past, but this is the first time he has defined his political views so clearly. One of his guests simply threw up his hands saying that money and politics means corruption.

In a big way he is right. How can there be an electoral system which requires nealy one billion dollars simply to run for president that isn't corrupt to the core? If you think about it, such a system could not exist. As soon as the money comes into the picture, so do the favors, the bribes, the theft. Somehow, money has to be taken out of politcs.

On the question regarding what he would do to get us out of this present mess, Ratigan said. "Simple. Start an infastructure bank with two percent lending. Fund it with re-patriated off-shore money.

Ratigan didn't have to say whose money the U.S. should repatriate. "The banking system is fully corrupt and is defrauding us, he said.