Mitt Romney, the Mormon Bain Capital front man - NEXUS

Mormon Church, Bain Capital or a multi-national corporation in disguised?

We are all familiar with the old adage of “follow the money”, right? Not with the Mormon Church or with Mitt Romney. In fact, the Mormon Church can be likened to a financial labyrinth that no one can ever find the exit.  One can argue that the Mormon Church is masquerading itself as a religious order, but in reality, it is a shadowy multi-national corporation worth in the tens of billions of dollars.  And someone wanting to unveil the mystery of the deep and clandestine financial empire of the church, a quantum mechanics scientist would be more likely to unravel the inside universe of subatomic particles. However, in the Mormon quantum business physics, if you scratch the surface, you will only find buckyballs within buckyballs – and endless shell companies where one will never see the business-God particle.

Today, the Mormon Church is knee-deep in cash and actively involved in real estate, securities, businesses, land holdings, publishing, TV, radio stations and countless other business enterprises, plus, subsidiaries within shadowy companies – all under a nut shell that no one can penetrate.  In fact, the Mormon Church conducts business world-wide, but is also the largest private land owner in the United States. Moreover, the Church has annual revenues in the billions of dollars, which derive from the steady contribution of church members, dividends, trust and of course, from investment income.  Fortune 500 pegs the wealth of the Mormon Church within ten points from the top 100 richest companies. However, how much wealth or income the church receives or has in acquisition, is truly an educated guess, as the Church has refused public review of its finances since 1959.

It’s a fact; the IRS does not have the wherewithal to delve into the business dealings of the Mormon Church as it is sanctioned pursuant to IRC Sec. 501(c)(3) giving Federal tax exemption to religious groups or non-profit organizations.  In addition, Church following is a behemoth curtain which would stand in the way of any government agency or any individuals wanting to peek. 

According to an ABC News report by Mark Mathews and Brian Ross, Mitt Romney, as a Mormon leader and head of the giant equity firm of Bain Capital, he “carved” his church a juicy slice of lucrative business deals, thus providing the church with millions of dollars worth of stock, stock, stock…!  Why the emphasis you may ask? Well, the concern of every American is with the higher tax bracket for the working poor as opposed to the very wealthy, especially those whose income derives from dividends or capital gains, such as with Mitt Romney, who end up paying less in taxes per capita – or nothing at all.

Stock contributions to LDS church, donations or tax scam?

However! Little known to the rest of the American public is, that contributing tithes to the Mormon Church by its members is not only a practice, it is a requirement  – preferably, in the form of stock. Why? Very well known to Church officials  is that stock donations provide for a more favorable tax treatment for the donor. Under IRS rules, an individual gifting stock to a tax-exempt organization or church will receive a tax deductable donation credit against the full value of the holding (value of stock), thereby also exempting the capital gain of the stock and the gain is also not taxed.  This greatly gives tax advantage to the donor but it also overwhelmingly helps the church by receiving capital gains which are untaxed. Therefore, having this latitude or IRS loophole, a fundamental question must be asked; why would the Mormon Church not be inclined to invest in businesses owned or controlled by the church, in which company owners or members of the same church, would be forced or urged to give contributions to the church in the form of stock – whereby, company stock and capital gains would go untaxed? The advantage to the church is that it gets more revenue.

Mitt Romney and Bain Capital - business prowess or church connections?

Candidate Mitt Romney has made it its hallmark that he is a successful businessman and that he understands and can fix the national economy.  He touts his credentials from his alleged start-up of his business and success of his venture and asset management company, Bain Capital. However, what is not widely known is that he was not instrumental in the start up of the company or perhaps the success of the businesses he claims to have managed or owned.  Instead, it is believed that men in black suits approached Mitt and was offered a leading position in a new business venture –where any and all decisions would be made by those men in black, driving cars with Utah license plates. He was not to know where the new venture capital came from or where it would ultimately end.  We do know of course, that by coincidence, his companies consistently contributed stock offerings to the Church of Latter Day Saints. We also now know, that he has untold holdings or cash stored in offshore accounts.

 Thus, the question remains as to whether many of his alleged assets and resources truly belong to Mitt Romney or owns them by proxy? That is still not clear and he is not talking.  In fact, now as the presumptive Republican nominee, he does not give interviews to the press freely and refuses to answer to questions about his business connections.  When he does appear on Fox News however, candidate Mitt Romney is cuddled with softball and leading questions, which only amount to lighting up the mythical little shinny city on the hill.  And yet, the unknown about Mitt Romney’s finances and connection to the Mormon Church agenda remains elusive.  

In sum, what is troubling about Mitt Romney and the connection with the Mormon Church is that he is known as changing his stripes as with the wind changing direction.  The American public does not know if Mitt Romney controls Mitt or if he would be a president that would be manipulated by extreme interest, either in Wall Street, Salt Lake City or from the Knesset in Israel.  The stakes are too high and the gamble too risky if Mitt Romney was to be elected.

This much we do know; he would provide for more loopholes to Wall Street, help the  very rich, he would arm the military to the teeth and place missile systems umbrellas through out, but, he would also cut much needed social programs.  In fact, he has made a promise that he would make the US military force so powerful, that no one would dare challenge.  Which coincidentally, the Mormon Church evangelical agenda is one which will make it the most prominent religion in the world.  So just imagine, if Mitt Romney was to become President, is in collusion with church agenda, and is given the reigns of US military power, would he not place the country into an apocalyptic course? 

Keep in mind, that Mitt Romney has also resurrected the cold-war with the Soviet Union, a system of government which no longer exist, but has also marked Red China as our mortal enemy.  So, what are we to expect from a man whose stripes can change as the wind blows.  Would he work for Wall Street, Zionism or would he legitimize the Mormon Church as the most powerful religion in the world – in which no one would dared question?  

BORN AGAIN FISCAL CONSERVATIVES RISE FROM THE RUBBLE LEFT FROM THE BUSH ADMINISTRATION

Out of the rubble, from a tattered and violated U.S. national economy, Republican legionnaires are once again becoming born-again fiscal conservative.

With the likes of Rush Limbaugh who has taken the helm of the Republican party -from the grip of Michael Steel (RNC Chairman); Joe the plumber who is now a book author with a ghost writer; Sara Paling who sees herself executive savvy and the future of the party; and Joe Six-pack who unabashedly waves the stars- and-stripes with blind devotion - these acolytes of corporate America are back once more, touting the virtues of the free-market forces vis-a-vis government oversight. However, these fellas conveniently forget that they were once blind to the free-market acts under the Bush Administration which led us to where we are.

Newt Gingrich, whose "Contract with America" was in reality, a contract on America, is on the speaking circuit damming the Democrats and President Obama's economic and social agenda. Sean Hannity, the Fox News show host and pundit, has asked his listeners, what kind of revolution they would like to see against the Democrats in control of government. His "let's take America back" message is becoming red meat for the intellectually-poor Joe six-pack crowd. In fact, the pompous Grand Old Party leader and dean for the center for conservative studies, Rush Limbaugh, has publicly announced that he wishes President Obama's agenda to fail, so the country will win.

Yes, these corporate-America apologist, are coming out of the economic rubble the Bush Administration left for President Obama, and they are fiercely joining the ranks of malcontent Republicans who want to start a ( fiscal conservative) revolution to take back America. Their rhetoric is so inflammatory, that many of the Joe six-pack crowd are confused with the message, and wait patiently for a call to arms. Glen Beck was so enamored with his pitch fork advocacy, that he left CNN and moved to Fox News where he could get a better feel of the grip.

Today, these Republican born-again fiscal conservatives, are denouncing President Obama's $787 billion dollar stimulus package designed to rescue the crumbling economy. An economy so severely damaged, that it may rival the 1930's great Depression. However, these individuals continue to argue that government over-spending is unnecessary, but propose, as they did before, that government should tax less and stay out of the private sector.
But excuse me? Do these nut-jobs not realize that the present economic situation is so dire? Do they not understand that our nation's economic state of affairs is, the result of the prior - Republican; get government off my back, let industry police itself, less taxes-less government, no bid-contracts, less paper work for less paper trail, and turn government over to the private sector by way of out-sourcing? Did they not raped and pillaged our economy?

In 2001, when former President George Bush took office, with a stroke of a pen, by Presidential Order, he ordered all government agencies under the executive branch, to immediately begin a transfer of government services and resources to the private sector. This became known as privatizing government or "outsourcing". In reality however, it was the beginning of ransacking public resources. In fact, the Bush Administration put in place a plan "to get to the green" for each federal agency. The plan was to privatize up to 50 per cent of services and resources for each federal agency. Yes, "green" as in money. Thus, each agency played the game to get to the green with incentives for the head of agencies receiving fat juicy bonuses.

But you know of course, that it was under the former Republican Bush Administration, that even part of the U.S. arm forces became out-sourced (private). Until recently, much of the Iraq war was in the hands of private security companies - under "no-bid contract" of course. Further, you should know that under the Bush Administration, mineral and oil claims were sold to the private sector for pennies on the dollar. You should also know that much of our industry became self-regulated. Peanuts anyone? In sum, industry pollution and profiteering became rampant.

But, what really sacked our kitty, was the investment banking industry. These necro-mongers lavishly lobbied the White House and Congress. Yet, the Bush Administration was the biggest capitulator or "the decider" and thus, the kitty went to bed as the rats ate the cheese. Where was government oversight you ask? Absent. Better yet, embedded with the enemy. In fact, the so called fiscally -conservative Republicans were so inebriated with the free market forces, that they made it possible for Wall Street to have an atmosphere of a free reign. A situation in which Wall Street become more of a gambling casino than an investment industry; Investment banking houses packaged mortgages into security schemes, hedge funds into derivatives and concocted monetary schemes such as credit-default-swaps (insurance for non-secure, non-existent investments).

And there is more; the gas and oil industry was well connected with the Bush Administration, and consequently - were allowed a free reign in the regulation of its own price controls and marketing. So free was the market forces, that the oil industry was putting billions of dollars into the commodities market, betting that the price of oil would be going up, knowing full well that they were controlling the rise and fall of the market. What a scheme. Consistently, oil companies enjoyed the historic billion(s) dollar profits. These oil fellas owe their fortune to their fellow Republican friends - George"W" and Darth Chaney.

But then, the casino free-market forces atmosphere came tumbling down. The American investor was once again beaten by the house, although the house also lost because, crooks within the casino were skimming the profits all along, until there was no more. And thus, the revered American economic model became the emperor with no clothes. Yet, believers of the GOP conservative doctrine are back again, preaching that "fiscal conservatism" is better and the only solution to the economic problem this country is having. They are sharpening their tongues and pitch forks. Sadly, their legion seems smaller and less credible.

So when Rush Limbaugh says, he wants President Obama's economic agenda to fail, I say, bite your tongue sir ! It is you and your like-minded that got us into this economic mess.

President Obama, god speed....
Joseph Chez

MALCONTENT CONSERVATIVE PUNDITS LEFT BEHIND BY HISTORY

Conservative radio pundits and the like, are all riled up about Democrats taking the whole cake. However, they do not accept the fact that their governance agenda of the last eight years, broke the bank, took our country to war in Iraq - without justification, degraded our environment, and ruined our national economy.
One radio hooch recently alluded to predicting that President Obama's agenda will fail. Even during the historic event of the inauguration of our new President, where two million plus Americans braved the below-freezing weather, these fellows such as the Ryliies, Hanaddies, Rush Bimbos, Beckies and Savages, could not stomach the sight of Libbies rejoicing in their victory. Instead, these necro-mongers have began their campaign of demagoguery, misinformation and pompous outcry. But, not wishing our new president success, well, that is like wishing our country ill. To use their own lingo, that is un-American!!!

In sum, neo-con(s) as well as these viperous pundits are in reality, sad. It seems that history has left them behind - and they are all alone. No need to worry, though, for in the annal's of history, they are just now a CRACK IN THE WIND.

Joseph Chez