2 River Cities’ Reader • Vol. 19 No. 809 • July 19 - August 1, 2012 Business • Politics • Arts • Culture • Now You Know • RiverCitiesReader.com T:9.25" Goodbye shakedowns. Hello upgrades. T:9.75" Our rewards program gets you free phones, accessories and faster upgrades. Switch to U.S. Cellular® and you won’t have to wait an eternity for a phone upgrade. No new contracts. No strings attached. ® uscellular.com VENDOR RELEASED TO Vendor: Williams Vendor: Date: 6/28/12 Release © 2012 U.S. Cellular Job # USC1-12-04739 150 Version # 1 Document Name USC1-12-04739-150_N082_9.25x9.75-shakedowns.indd Last Modified 6-29-2012 4:09 PM Linked Graphics Colors In-Use Job Description N082 Art Director TBD User Printer output Date USC-12-SS-GS3-Blue-Left-Dandelion-4CNP.psd CMYK 562 ppi Cyan ma-jdicicco 10iexp250 6-29-2012 4:09 PM Bleed None Mech Scale 100% Copy Writer TBD USCC Hello Better_4CNP_2012.eps Magenta USCC logo_4CNP_horizontal_2012.eps Yellow Mechd By: mdanish RTVd By: mdanish Trim 9.25" x 9.75" Print Scale 101.66% Proj Mgr ldesmond Black USCC Hero Slate Live None Stock None Acct Svc TBD newsprint USCC Blue newsprint Folded Size None Prod Mgr afinnan USCC Red newsprint CD/ACD CoPYWRITER AD CoNTENT Finishing None Art Buyer TBD Colors Spec’d 4CNP Copy Edit TBD ACCT SERVICE PRoD CoPY EDIT Special Instr. None Mac mdanish 6-29-2012 4:09 PM BY SIGNING YoUR INITIALS ABoVE, YoU ARE STATING THAT YoU HAVE READ AND APPRo Publications None VED THIS WoRK. Business • Politics • Arts • Culture • Now You Know • RiverCitiesReader.com River Cities’ Reader • Vol. 19 No. 809 • July 19 - August 1, 2012 3 WORDS FROM THE EDITOR by Kathleen McCarthy [email protected] Get Active or Get Swallowed Whole fter nearly 20 years of opining every bank and brokerage firm in the what occurs. He/she will likely tell you unfettered powers to suspend the U.S. in these pages, I am going to try United States. According to Wikipedia, in that registered ownership and beneficiary Constitution, including the Bill of Rights, Aa shock-and-awe approach to 2011, the DTC held approximately $1.7 ownership are virtually the same thing, by declaring a national emergency informing. Hopefully readers will be either quadrillion of the world’s wealth, with especially because you receive dividends, and seizing all the country’s resources, inspired or outraged, or at least curious many of the rights of legal ownership, voting rights, etc. You will also likely including its labor and privately owned enough to pursue the topics here, and to if not the benefits derived therefrom, be told that a central clearinghouse for assets. not just verify but also to help better con- accruing to it via modern digital securities transactions is safer and more It is a nightmare scenario that has nect relevant dots, adding substantially to transactions replacing the traditional efficient. This is patently false. Cede & merit when you connect other seemingly the scope of knowledge required to effect certificate system. Company is the fictitious name, or street unrelated dots. Recall that this asset grab real change. If you happen to have stock or bond name, used by the DTC to legally hold already happened in the 1930s, when For instance, did you know that certificates in your name from old- your stock as the rightful owner, while Franklin Delano Roosevelt confiscated when you purchase stocks and bonds in fashioned trades of the past, then you are allowing you the benefits of ownership all the privately owned gold. Americans today’s market, you don’t actually own still the registered owner and have all the without actually passing to you – the were told that it was to shore up the them? Instead, you are only purchasing benefits and attributes of true ownership. actual buyer – any legal title to the economy during the Great Depression, beneficiary rights that come with each But if you trade in the current system physical property that the stocks and but history tells us the real reason was unit. The real owner of your stocks of digital transactions, you are not the bonds represent. because we borrowed funds from France, and bonds is the little known Cede & true owner, but merely the beneficiary It is speculated, with good reason, that which in turn insisted on, and succeeded Company, a division of the Depository of the stocks and bonds you paid your the Federal Reserve System holds this in, redeeming their notes in gold. We Trust Company (DTC), which handles hard-earned money for. It is a deception wealth as collateral against the fiat money suddenly had no gold in reserve to back 99 percent of all securities trades in the of the highest order, yet it is perfectly it prints for the federal government’s our own currency. So Roosevelt claimed United States and the majority of trades legal under the modern U.S. Treasury unsustainable borrowing. Eventually, the gold belonging to American citizens abroad. In other words, this privately held regulations that have been implemented when Federal Reserve Notes (U.S. dollars) under penalty of law if we refused. It was corporation (approximately 35 percent of under the radar since the mid-1990s are no longer accepted by creditors, the a form of theft, even though we traded which is owned by the New York Stock without our consent. assets held in trust by Cede & Company for Federal Reserve Notes, which were Exchange), which is actually a division It is hard to believe, but it is absolutely for the DTC will be surrendered in lieu essentially useless otherwise. of the Federal Reserve System, processes true. Just try and get a physical stock or of payment. This is permitted under the Continued On Page 22 all book-entry securities transactions for bond certificate from your broker and see War Powers Act, giving the President The sandwiches of summer...a cool choice. 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FREE sandwich. 4 River Cities’ Reader • Vol. 19 No. 809 • July 19 - August 1, 2012 Business • Politics • Arts • Culture • Now You Know • RiverCitiesReader.com ILLINOIS POLITICS by Rich Miller CapitolFax.com Southern-Illinois District Looks to Be a Challenge for Democrats new poll taken last week has Re- them. He’s never run for any office before publican congressional candidate this one, and he’ll have to raise a ton of A Jason Plummer leading his new money to defeat Plummer. He also has no Democratic challenger by 11 points. combat experience to highlight during his The poll, taken July 9 by We Ask campaign. America, found Plummer ahead of And Enyart is a Metro East guy, which Democrat Bill may not play Enyart 45-34. The well in the more automated poll of In theory, this is a district “southern” portions 1,510 likely voters of the district. had a margin drawn for Democrats. In His campaign of error of 2.5 points out that he percentage points. reality, it was drawn for led the National Plummer is Guard’s efforts significantly below one Democrat. during the 2011 50 percent, and flood, which hurt 23 percent of voters are undecided, so several southern counties, and that he has he doesn’t have this one in the bag yet. family in the southern section (Sparta) Enyart was appointed to the ballot late and opened his first law office in Monroe last month, so he has barely had any County. Still, though, he’ll be perceived as time at all to make an impression on St. Clair County’s guy, which, in fact, he the voters of the 12th Congressional is. He was also appointed to the National District. Guard post by Rod Blagojevich, and his It appears that Enyart’s newness is law firm twice contributed small sums to hurting him with fellow Democrats. Blagojevich’s campaign fund. While Plummer is backed by 79 percent Perhaps the best news for Democrats of Republicans, Enyart is supported by in this district is that President Barack just 62 percent of Democrats. More than Obama appears to be doing a little 29 percent of Democrats are undecided, better than expected. Just under 46 so as they “come home,” Enyart should percent of voters approve of Obama’s tighten this race up some more. Just job performance, while 52 percent 43.5 percent of African Americans are disapprove. Yes, he’s upside down, but supporting Enyart right now, according Obama has not been doing well at all to the poll, and that will definitely outside Cook County, and he’s been doing increase. And a full 28 percent of especially bad in southern Illinois. A independents are undecided, compared 46-percent approval rating is better than to 25 percent who support Enyart and some had figured.