of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities, states and nation. At the head is a small group of banking houses... This little coterie...run our government for their own selfish ends. It operates under cover of a self-created screen...seizes...our executive officers...legislative bodies...schools...
courts...newspapers and every agency created for the public protection.”
N.Y. Mayor, John Hylan
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PROVIDERS OF CAPITAL A TIGHT GROUP
Jonathan May Makes Enemies of Providers of Capital Because of His Success.
The following is part 2 of the story of J. May, where he makes a discovery regarding the providers of capital.
Part 1 can be found at Jonathan May, Bankers’ Foe.
- "In 1969, lawyers advised us that the only problem we faced was the taxation authorities' propensity to arbitrarily state that our trusts were a non-entity but that they would be protected from taxation anywhere worldwide by legislation once proof positive was available that they had been alive as artificial persons for twelve years.
My local home-town lawyer had counter-endorsed the Register under every page, and the 4000 trusts were "born", i.e. chartered between September 19, 1969 and February 15, 1970.
Accordingly, I determined that I should continue my business enterprises for another twelve years and then simply sell or lease out the 3,999 trusts at either a flat fee or by the 20%-of-taxes-saved formula - and use the proceeds, in part, to re-determine the what, where, why, and when concerning the assets of the original trust.
During the years that followed, I became more and more diversified and made sound commercial contacts all over the globe.
Increasingly, my fees and commissions were being paid to me in differing currencies."
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PROVIDERS OF CAPITAL: A “MINUTE” CABAL CONTROLS IT ALL
- "This brought my attention to their differing interest rates and who, in fact, it is who determines which currencies are loaned at which rates. I discovered that a minute cartel controlled all banking policies worldwide, and that the provision or non-provision of "money" was all-controlling.
As my reputation as a finder of the unusual at a fair price grew, I with my colleagues began to realize that there was considerable resistance throughout the conventional financial markets to 'entrepreneurs'.
Highly determined but very independently-minded individuals were not at all welcome in "normal" banking circles. There was a very real need in the independent business communities throughout the world for alternative credit facilities to properly and fairly provide for entrepreneurial needs – a window in the market for them between new venture capital and died-in-the-wool conventional business capital."
MAY BECOMES ONE OF THE PROVIDERS OF CAPITAL
- "We decided that, in a wholly novel and independent manner, our loosely connected but highly respected circle of "middle-men" would become providers of capital for our
established clients all over the world.
Independent credit/capital sources in the Middle East and elsewhere, and several substantial private placement arrangements were made, first between ourselves and our investors and subsequently between ourselves and the users of those investments. We chose to take a minimal intermediary fee but retain a non-working but joint venture/profit-sharing interest in many of the enterprises capitalized by our investors.
We did find that there were never enough investors to be found. Otherwise, everyone seemed content."
PROVIDERS OF CAPITAL: TROUBLE BREWS
- "Like many arrogant and foolish young men before me, I tended to advertise my financial success. I grew headstrong. The local small town police force began to watch me and became a significant nuisance, stopping me for tires, speeding, etc.
I started a butcher business and again made a significant success of it, also in my hometown area. My success meant the loss of trade by my competition. My premises were burgled successively, and soon insurers would not insure me.
I provided my own deterrent. I rigged a "loaded shotgun" sign outside of my premises and inside the coldstore placed a very lifelike loaded shotgun and trip alarm system for anyone thinking of again stealing my property as uninsured thousands had already been stolen.
The local police arrested me for setting a man-trap with intent to endanger life. My intent, quite obviously, was to protect my property, so I was very properly acquitted of this foolish charge against me.
Having been advised not to rig up any such device again, I purchased a young mountain lion as a "guard dog" to continue to dissuade any would-be thieves. With 20-20 hindsight I realize that was not an appropriate thing to do."
PROVIDERS OF CAPITAL: INVESTIGATING THE POLICE
- "I began to be a minor celebrity in my little country town, and the local police were thoroughly incensed that the charges against me had been dropped. I had become something of a target.
My "high profile" was not working for me. By this time, because of my motoring offenses and the publicity resulting from the trial and the mountain lion, my family all but disowned me.
I made it my business to establish exactly who it was in the local police force who was instigating my problems. It was no lesser man than Inspector Goldsworthy. I hired people to watch his activities and it came out that he was involved with drug importing."
The above excerpt comes from Behold a Pale Horse (1991), by William Cooper (pp. 336-339).
Part 3 can be found at Fighting Corruption.
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