If White genocide is happening then hedge funds are to blame.
The hedge fund industry is massive—total assets under management in the industry is valued at more than $3.2 trillion according to the 2018 Preqin Global Hedge Fund Report. Based on statistics from research firm Barclays hedge, the total number of assets under management for hedge funds jumped by 2335% between 1997 and 2018.
Hedge funds are generally only accessible to accredited [i.e. wealthy] investors—individuals with an annual income that exceeds $200,000 for the past two years or a net worth exceeding $1 million, excluding their primary residence. One aspect that has set the hedge fund industry apart is the fact that hedge funds face less regulation than mutual funds and other investment vehicles.
The massive amount of money earned by hedge funds comes from the productivity bonus that regular workers are no longer earning.
Damian Lewis’s character Robert “Bobby” Axelrod on Showtime’s Billions is based on Steve Cohen and his former hedge fund SAC.
What’s the point of having fuck you money, if you never say fuck you.
SAC Capital
SAC Capital, run by Steven Cohen, was one of the leading hedge funds on Wall Street with $50 billion in assets under management (AUM) at its peak. The SEC had been investigating the hedge fund for a number of years before conducting raids at offices of investment companies run by former SAC traders in 2010. A number of traders at the fund were charged with insider trading from 2011 to 2014. Former portfolio manager Mathew Martoma was convicted of conspiracy and securities fraud in 2014. In total, eight former employees of SAC Capital have been convicted.
The SEC never brought charges against Cohen personally, although it did file a civil suit against SAC Capital in 2013. SAC Capital ultimately agreed to pay a $1.2 billion fine and to stop managing outside money to settle the suit. As of September 2015, Cohen runs Point72 Asset Management, which manages his personal wealth of around $9 billion.
Hedge fund managers are notorious for their typical 2 and 20 pay structure whereby the fund manager receives 2% of assets and 20% of profits each year. It’s the 2% that gets the criticism, and it’s not difficult to see why. Even if the hedge fund manager loses money, he still gets 2% of assets. For example, a manager overseeing a $1 billion fund could pocket $20 million a year in compensation without lifting a finger.
2018 Top Hedge Fund Managers
James Simons
1. James Simons is the founder of the quantitative hedge fund firm Renaissance Technologies. His total hedge fund income was $1.6 billion last year, making his net worth $16.6 billion. Forty-three percent of this income, or $680 million, was in the form of fees. See below for continuation of list.
This is WHITE GENOCIDE
Brenton Harrison Tarrant, a 28-year-old man from Australia was charged with the murder of 49 Muslim worshippers in Christchurch, New Zealand. He posted a White nationalist manifesto online and streamed live video of the killings on Facebook.
The manifesto praised US President Donald Trump, Dylann Roof, an American white supremacist who murdered nine African-American people at Emanuel AME Church in Charleston, South Carolina in 2015, and Anders Breivik, the Norwegian white supremacist who murdered 77 people in Norway in 2011. The manifesto hailed Trump as “a symbol of renewed white identity and common purpose.”
The Christchurch shooter made frequent reference to the concept of “white genocide,” writing of immigration as an “assault on the European people” and adding, “This is ethnic replacement. This is cultural replacement. This is racial replacement. This is WHITE GENOCIDE.”
Cache of weapons of Coast Guard Lieutenant
In February, a “white nationalist” Coast Guard lieutenant in Maryland was accused of planning attacks on members of the media and left-leaning politicians. The Christchurch shooter and the Coast Guard lieutenant used similar language, made similar references, and revered the same people for their use of horrific violence in the furtherance of white nationalism.
Much blood will have to be spilled to get whitey off the couch
In a deleted email recovered from his computer, the Coast Guard lieutenant wrote:
Liberalist/globalist ideology is destroying traditional peoples esp white. No way to counteract without violence. It should push for more crack down bringing more people to our side. Much blood will have to be spilled to get whitey off the couch. For some no amount of blood will be enough. They will die as will the traitors who actively work toward our demise. Looking to Russia with hopeful eyes or any land that despises the west’s liberalism. Excluding of course the muslim scum. Who rightfully despise the west’s liberal degeneracy.
Trump has been good business for the media mogul Rupert Murdoch and their association goes back decades and stems from one thing: ‘These men value only power.’ His New York Post vaulted Mr. Trump from local housing developer to gossip-page royalty, and his Fox News Channel was pro-Trump in the 2016 general election. Currently, Rupert Murdoch is on the phone every week with President Trump, encouraging Trump when he’s low and arguing that he focus on the economy rather than detouring to other issues.
Donald Trump and Rupert Murdoch
Reporter: Do you see today White nationalism as a raising threat around the world?
President Trump: I don’t really. I think it’s a small group of people that have very, very serious problems. I guess, if you look at what happened in New Zealand, perhaps that’s the case. I don’t know enough about it yet. They’re just learning about person and the people involved. But it’s certainly a terrible thing, a terrible thing.
Mr. Trump, your words matter. Your policies matter. They impact the lives of innocent people at home and globally.
~Nihad Awad
Executive Director, CAIR
Robert Mercer
Robert Mercer and his daughter Rebekah Mercer attend the 2017 TIME 100 Gala. He announced that he is stepping down from the hedge fund he co-heads and is selling his stake in Breitbart News to his daughters.
Hedge-fund billionaire Robert Mercer was co-CEO of Renaissance Technologies with the above mentioned number one hedge fund manager James Simons. Mercer was also a major donor to Trump’s presidential campaign and the Brexit campaign. He gave at least $10 million to Steve Bannon’s media outlet Breitbart News. In addition, Mercer was a major investor in Cambridge Analytica, the company that had acquired and used personal data of about 87 million Facebook users.
Mercer is part of the Koch brothers’ conservative political donor network and funds climate deniers. Mercer has donated to the Heritage Foundation, the Cato Institute, the Media Research Center, Reclaim New York, and GAI.
He said that the Civil Rights Act of 1964, the landmark federal statute arising from the civil rights movement of the 1960s, was a major mistake. In 2017, David Magerman, a former Renaissance employee, alleged in a lawsuit that Mercer had said that African Americans were economically better off before the civil rights movement, that white racists no longer existed in the United States, and that the only racists remaining were black racists.
Mercer appears as a director of eight Bermuda companies in the Paradise Papers, some of which appear to have been used to legally avoid US taxes. The papers also name Facebook, Twitter, Apple, Disney, Uber, Nike, Walmart, Siemens, McDonald’s, and Yahoo! as corporations that own offshore companies to avoid paying billions of dollars in taxes.
Wealth Tax
Over the last thirty years, the United States has been taken over by an amoral financial oligarchy.
Predator Nation by Charles H. Ferguson:
Over the last thirty years, the United States has been taken over by an amoral financial oligarchy, and the American dream of opportunity, education, and upward mobility is now largely confined to the top few percent of the population.
The economic disaster was driven, Ferguson writes, by a combination of “very low interest rates, pervasive dishonesty through the financial system, massive lending fraud, speculation, demand for high yield securities, and not insignificantly, a squeezed American consumer desperate to maintain living standards, and told by everyone – including George Bush and Alan Greenspan, the brokers and the banks, that home borrowing was the way to do it.”
Charles H. Ferguson won an Academy Award for Inside Job.
Productivity is one way to measure the wealth of any nation. The top line above shows, we’ve been producing more and more per hour since World War II. The lower line shows average weekly wages (after factoring out inflation) for non-supervisory workers (who comprise about 85 percent of the workforce.)
From World War II to the mid-1970s, those two lines danced together. As productivity rose, so did the standard of living of working people. But something big happened in the mid-1970s — the government adopted a new economic philosophy based on deregulation and tax cuts.
The gap between those two lines represents an enormous amount of money — more than $3 trillion for 2012, for example. Where did it go? In the early 1970s, less than 9 percent of national income flowed to the top 1 percent. By 2007, it was nearly 24 percent.
The bankroll that stakes hedge funds comes from the productivity bonus that we are no longer earning.
2018 Top Hedge Fund Managers (con’t)
Ray Dalio
2. Ray Dalio he founder of the world’s biggest hedge fund, is regularly identified as one of the wealthiest in the industry. In 2018, his fortune rose $1.3 billion, powered by Bridgewater’s approximately $160 billion of assets. He reaped $610 million in fees.
Kenneth Griffin
3. Ken Griffin, founder of Chicago-based Citadel, has been making headlines for buying penthouses and mansions across the globe, purchasing art and giving away millions of dollars to charity. His spending spree has been comfortably financed by strong performances from Citadel’s multi-strategy hedge funds.
Citadel’s flagship Wellington fund gained over 9%, while its global equities and tactical trading funds returned almost 6% and 9%, respectively. Those impressive performances saw Griffin’s personal fortune swell by $870 million in 2018, making him the 45th richest person in the world, according to Forbes. Of his total hedge fund income, $360 million is estimated to be from fees.
John Overdeck
4. John Overdeck raked in $770 million in 2018, including $370 million in fees. Overdeck is the co-founder of Two Sigma Investments, a hedge fund that tracks large amounts of data to predict the prices of securities. In 2018, Two Sigma’s Absolute Return fund returned 11%, while its global macro Compass fund generated a 14% gain. Forbes ranks Overdeck as the 118th richest person in the world with a total net worth of $6.1 billion.
David Siegel
5. David Siegel, Two Sigma’s successful year also benefited its other co-founder David Siegel. Like Overdeck, Siegel netted $770 million after their hedge fund made $3.2 billion for investors last year.
From Winner-Take-All Politics: How Washington Made the Rich Richer—And Turned Its Back on the Middle Class by Jacob S. Hacker and Paul Pierson:
Practically every aspect of labor and financial markets is shaped by government policy, for good or ill. As the great political economist Karl Polanyi famously argued in the 1940s, even the ostensibly freest markets require the extensive exercise of the coercive power of the state—to enforce contracts, to govern the formation of unions, to spell out the rights and obligations of corporations, to shape who has standing to bring legal actions, to define what constitutes an unacceptable conflict of interest, and on and on. The libertarian vision of a night-watchman state gently policing an unfettered free market is a philosophical conceit, not a description of reality.
The intertwining of government and markets is nothing new. The frontier was settled because government granted land to the pioneers, killed off, or rounded up Native Americans, created private monopolies to forge a nationwide transportation and industrial network, and linked the land settled with the world’s largest postal system. Similarly, the laissez-faire capitalism of the early twentieth century was underpinned by a government that kept unions at bay, created a stable money supply, erected trade barriers that sheltered the new manufacturing giants, protected entrepreneurs from debtors’ prison and corporations from liability, and generally made business the business of government.
When the political economy of the Gilded Age collapsed, it was government that reinvented American capitalism. With the arrival of the New Deal, the federal government took on a much more active role in redistributing income through the tax code and public programs. But the activist state that emerged did not just involve a new layer of redistribution. It fundamentally recast the national economy through the construction of a new industrial relations system, detailed and extensive regulation of corporations and financial markets, and a vast network of subsidies to companies producing everything from oil to soybeans. It also made huge direct investments in education and research—the GI Bill, the National Science Foundation, the National Institutes of Health—promoting the development of technological innovations and a skilled workforce that continue to drive American economic productivity….
Once we see policy, rather than electoral victory, as the grand prize of political conflict, we see politics for what it is: a contest with big and often enduring stakes—a contest more like the one that gladiators played in the Roman Colosseum than the one the Celtics and Lakers play in the Staples Center. And who are the contestants? Who are the political gladiators? They are not, for the most part, atomized voters. The main competitors, the ones in the ring from start to finish wielding their weapons and enduring each other’s blows, are organized groups….
What does it take for weakly informed and aware voters to attract Washington’s sustained notice? It takes organization. To be more than bystanders in American politics wondering whom to shoot, voters need strong organizational mooring and consistent cues to recognize and respond to changes in public policy.
Liberty or death
The government has failed us. You can’t deny that.
He made the mistake of teaching me that Patrick Henry was a patriot, and George Washington – wasn’t nothing non-violent about ol’ Pat, or George Washington. “Liberty or death” is was what brought about the freedom of whites in this country from the English.
They didn’t care about the odds. Why, they faced the wrath of the entire British Empire. And in those days, they used to say that the British Empire was so vast and so powerful that the sun would never set on it. This is how big it was, yet these thirteen little scrawny states, tired of taxation without representation, tired of being exploited and oppressed and degraded, told that big British Empire, “Liberty or death.”
I wrote about many of the basic ideas in the Patriot Act, ten years before they were enacted.
The Patriot Act was signed into law on October 26, 2001. The final bill was 342 pages long and changed more than 15 existing laws. For such a law to be created and passed so quickly, the basic ideas for the Act had to already exist. And I wrote about many of the basic ideas in the Patriot Act, ten years before they were enacted.
Also, the threat posed by US terrorism to the security of nations and individuals was outlined in prophetic detail in a document called Rebuilding America’s Defenses, which was written in the summer of 2000. The document was produced by the Project for the New American Century and stated that what was needed for America to dominate much of humanity and the world’s resources, it said, was “some catastrophic and catalyzing event – like a new Pearl Harbor.”
The Project for the New American Century (PNAC) was a neoconservative think tank based in Washington, D.C. that focused on United States foreign policy. It was established as a non-profit educational organization in 1997, and founded by William Kristol and Robert Kagan. PNAC’s stated goal was “to promote American global leadership.” The organization stated that “American leadership is good both for America and for the world,” and sought to build support for “a Reaganite policy of military strength and moral clarity.”
Of the twenty-five people who signed PNAC’s founding statement of principles, ten went on to serve in the administration of U.S. President George W. Bush, including Dick Cheney, Donald Rumsfeld, and Paul Wolfowitz. Former President George W. Bush and PNAC co-founder Robert Kagan are also members of Skull and Bones, a secret society based at Yale University.
In Putting It All Together which included chapters about Skull and Bones, the Federal Reserve System and the history of banking in the United States. I quoted Carroll Quigley’s Tragedy and Hope and The Anglo-American establishment quite a bit.
Carroll Quigley was a professor at the School of Foreign Service at Georgetown University. President Bill Clinton mentioned Quigley in his 1992 acceptance speech at the Democratic National Convention. In Tragedy and Hope, Quigley wrote:
[T]he powers of financial capitalism had another far reaching aim, nothing less than 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. This system was to be controlled in feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent and private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. Each central bank… sought to dominate its government by its ability to control Treasure loans, to manipulate foreign exchanges, to influence to the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world. (p. 324)
In Putting It All Together, I also wrote about the work of Antony Sutton. In 1968, Sutton’s Western Technology and Soviet Economic Development was published by The Hoover Institute at Stanford University. Sutton showed how the Soviet state’s technological and manufacturing base, which was then engaged in supplying the North Vietnamese the armaments and supplies to kill and wound American soldiers, was built by US firms and mostly paid for by the US taxpayers. From their largest steel and iron plant, to automobile manufacturing equipment, to precision ball-bearings and computers, basically the majority of the Soviet’s large industrial enterprises had been built with the United States help or technical assistance.”
Sutton’s work includes writings about about Skull & Bones. Skull & Bones is a secret society based at Yale University. Their members include George W. Bush (43rd president of the United States), George H. W. Bush (41st president), John Kerry (former U.S. Secretary of State and former U.S. Senator), Stephen A. Schwarzman (founder of Blackstone Group and Chairman of Barack Obama’s Council of Economic Advisers), Harold Stanley (co-founder of Morgan Stanley), Frederick W. Smith (founder of FedEx) and Steven Mnuchin (current Treasury secretary).
In an interview with Kris Millegan we learn from Sutton, “I knew nothing of S&B until I received a letter in the early 80’s asking if I would like to look at a genuine membership list.” The interview continues:
KM – What do you see for the future?
AS – Chaos, confusion and ultimately a battle between the individual and the State.
The individual is the stronger; and will win. The state is a fiction sanctified by Hegel and his followers to CONTROL the individual.
Sooner or later people will wake up. First we have to dump the trap of right and left, this is a Hegelian trap to divide and control. The battle is not between right and left; it is between us and them.
The message is getting through. ASE has sold for 15 years, small but steady. No advertising. Its an underground work. But the breadth of interest is amazing. From Black Africa, to Russia (12,000 copies), right, left…it cuts across all ethnic, political, social lines.
The spirit of God is within us as individuals. Skull & Bones represents death. It has no life spirit and pretends that the State “is the march of God on earth”.
The thinking of immature juveniles, deadly and destructive and has almost totally infected Washington.
What to do? Find yourself and then go to work…..tell your friends and put out the message.
The answer is within you.
StartUpTown 