Short update from Heather on her situation. https://www.bitchute.com/video/USmHoK3VdfOn/
Heather has been released from the Dublin facility. There were paperwork glitches on the way out of Dublin, and also upon her arrival in Tacoma. They were not expecting her in Tacoma, so someone in the BOP didn’t communicate she was being released.
Denice tracked down Heather and called her via the staff. Denice said the Feds were investigating an issue with one of the record keepers at Dublin. Many prisoners have been held who should have been released because of this clerk (who may have been on the take). This person was apparently adding rule infraction points and extending sentences by altering prisoner records. I don’t have many details and what I have may not be the complete story. I’ll let Heather relate the details of what happened when she’s settled in.
The debit card they gave her didn’t work at first, but that must have been resolved as she took a taxi from the airport. Everything about her trial and imprisonment has been a little odd.
Heather was supposed to go home last night but had to wait for the paperwork to get straightened out. At least she’s out of Dublin and in a safe place for the moment. And her family can visit.
I got three phone calls from Heather today, one quite brief the other two very long. She shared a lot of details with me about her last three years. I was feeling most of what she went through the last three years but didn’t have the context to know what was causing those emotions. I found the first 18 months of her sentence the most difficult, somehow I learned to cope with the intuitive data I was getting and push on through it. When you work with someone as long as I have, you get tuned to them. Same thing has happened with Denice, if I just think of Denice she will either call or write me.
What phone calls she was allowed from prison I wanted her to use with her family. She couldn’t say much on prison email because they do face retribution and recrimination by the staff. There is no recourse for prisoners regardless of their innocence in the US Penal system. She said “it is said 20% of the prison population should not be there”, she said “the percentage is far higher than 20%”.
It was very good to hear her voice again after all this time. She is still in the halfway house, the paperwork snafu is being worked on and she’ll be home once that is straightened out. I think it will be within days. They didn’t know she was coming.
She asked me to not publish what she shared about the last 3 years. She said the particulars doing those things will “self implode with self disclosures”, and that “it goes faster if it’s not published first”. She did say over the last 3 years 1/3 of the prison management has been fired, quit or jailed. While they say they provide medical and dental care to prisoners, they in fact do not. There are still scandals to come out, but that will happen organically. She said if she has anything to say publicly on it she will make it clear when she wants it published. I will honor her wishes in that regard.
Heather is happy, joyous, enjoying real food and a real bed. She is unable to smoke cigarettes, it makes her ill now. Her hair is now down to her waist, she joked she didn’t like the idea of anyone holding sharp scissors behind her back in jail. She has seen her husband and youngest son, and hopefully will see the other 3 children (who are now over 6 feet tall!) soon.
From: TUCCI-JARRAF, HEATHER ANN
Subject: Update 4.21.2021
Date: Apr 21, 2021 at 10:05 PM
Youssef, Zac, Leila, BZ, Bill, Paul, Denice, and Lili…As of 4.21.2021:
Release to Home Confinement (walk out the gate) on Monday, May 10, 2021. The Case Manager is obtaining information to clarify whether I will be placed in quarantine or not, prior to May 10, 2021, since release to home confinement and not half-way house. (Quarantine was a term negotiated contractually between Half-way Houses and Government entities.) I could go into quarantine as early as tomorrow (with no access to phones, computers, my property, addresses for mailing, etc….with showers only twice a week.)
The Case Manager will also obtain clarifying information whether I am to report to a Half-Way House immediately upon arrival in Tacoma on May 10th, and then they will have home confinement set up from there.
The Secretary still has to notify me whether I am flying or traveling by bus. The Case Manager, Secretary, and I were interrupted this afternoon when they attempted to tell me the news, when lunch was called…and then an immediate shakedown of every room in our unit was done right after, lol. “Good times.” 😉
My love to my family. My love to each of You. My love to All. <3
In Love, Gratitude, Heartitude, Joy, and Celebration, with All, by All, for All. A presto!
From: TUCCI-JARRAF, HEATHER ANN
Subject: RE: Recent documents
Date: Mar 23, 2021 at 6:36 PM
Outflowing and “incoming”: The complete transparency, with total context, of the UNITY/Unity/unity that is, always has been, and always will be. Brilliant, beyond brilliant. 🙂
COMPASSION ON “MAX” SETTING.
Love, Gratitude, and Heartitude to You and All.
I was prepared to do this without assistance in that manner, well, in many “manners”…”graceful and easy” as we say. Teams came out of the “woodworks” in unthinkable ways, positions, and places. The unity throughin has been perfect and perfectly done. A gift in every “way”. To me, my family, everyone in existence. “Universal” is as an inadequate word as any other one attempts to label with.-Heather
FINAL BULLET REPORT
In October of 2008, the Authorization Lead ordered an investigation to be launched to streamline internal operations and time management of the house and its members due to extreme amounts of waste being incurred as a result of large quantities of fraudulent “assets” being presented from the banking, trade, and finance industries. The original goals of the investigation were solely internal, and they were to:
Primary Investigations (Annex1): concluded approx. January of 2010.
Follow-Up Investigations: concluded approx. July of 2010.
Summary of Findings: The general entry points of fraudulent “assets” originally identified as the brokers and reverse engineering led to the origin source consisting of the highest levels of banking. Follow-up intel and tracking revealed that highest levels of banking [are] actually [the] general entry point and creator of fraudulent “assets”.
‘Assets” then generally given to brokers, directly or indirectly, and then taken back up through the system. This finding was supplemented and further supported with data obtained that banking officers were covertly sifting sensitive client information to selective external person(s), “groups”, in finance industry for banker’s personal enrichment. The cloaked external investment opportunity usually starts in generally one of three ways:
CONCLUSION: THE FRAUD AND CORRUPTION ARE TOO DEEP; THE EFFECTS GLOBAL; THE OF THE PRIVATELY HELD BANKING SYSTEM AS WE HAVE KNOWN IT FOR NEARLY LAST 100 YEARS, THE PRIVATE-MONEY-FOR PUBLIC-USE SYSTEM, HAVE ERODED THEIR OWN CREATION FUELED BY THEIR OWN GREED, TO THE POINT THE SYSTEM IS IMPLODING ON ITSELF; BANKING TOUCHES EVERY INDUSTRY, EVERY PERSON, EVERY ACTION ON THE PLANET AND THE EFFECTS ARE GLOBAL AND SYSTEMIC; THE BANKING SYSTEM IN ITS CURRENT FORM CANNOT SURVIVE THE EXPONENTIAL AND PERPETUAL AWAKENING OF THE COLLECTIVE CONSCIOUSNESS AS THE INHERENT POWER BALANCES THE INJUSTICE; THE PERPETRATORS’ CONVERSION(S) OF THEIR PERSONAL ASSETS TO SUBSTANCE TO AVOID THE FINAL EQUITY CALL IS USELESS, AS SAID CONVERSION(S) ARE ALREADY DULY RECOGNIZED TO BE PURCHASED BY UNCLEAN FUNDS, FUNDS PRODUCED BY SLAVERY, TRACKED EVERY STEP OF THE WAY.
In March of 2009, the Authorization Lead ordered the investigation’s parameters to be expanded in correlation to the data gathered and obtained by the Investigation Lead. As the data base and comprehension expanded exponentially regarding the various systems and the extremely sensitive and restricted data, the Authorization Lead ordered the Investigation Lead to alter the goals to external, and they were to:
Preliminary Investigations*: concluded approx. February 2009.
Investigations Plan for Follow-Up***: concluded approx. March of 2009; testing forthwith implemented.
Summary of Findings: An old paradigm is at the end of its operation and existence. Its current central method of implementation bas been the private-money-for-public-use system and the “for-profit corporation” system. The original government in America was ingeniously converted and grudgingly accepted by other world Principals through threat, coercion, and force; Unknowingly accepted by the people of America and other world peoples, resulting in involuntary servitude; implemented and enforced by and through illegal and unconscionable, deceptive, non-transparent means and methods, void of any accountability.
Casualties are in the billions. Many possible alternative solutions for operating in the current private banking system were explored and policies and protocols were created, adjusted; of all tested-all failed.
Principal of the private banking system in America, most notably headed by the conservator, House of Rothschild, is finding that their own hidden intent, agendas, presumptions and arrogance, are being over-shadowed by those of their Agents, resulting in the self-destruction of the private banking system and global stability.
This would not be of concern to the head of the Principal nor the other world Principals, except that the public collective conscious has grown at rates unexpected and unpredicted to the point that their expected replacement system cannot be implemented without full out breach of peace and annihilation of the public by the Principals and their Agents. The agents have been permitted to some degree to practice breach of peace and annihilation when it served the purpose and intent of Principals, however, the Principals are now subject to victim of the breach of peace and annihilation. Dis-accord and greed within a Principal has always been a reality, but now the head of the Principal has the opportunity to see the level of power of political and financial influence of their Agents, often fueled by the junior membership or other world Principals. Regardless, ALL PRINCIPALS will find that the Agents, and junior membership, being at first necessary, then tolerable, are now unacceptable.
The most notable of the rogue Agents warned as the Texas Camp. All attempts to contain the Agents and their established networks have been time and resource intensive and an inconvenience to the head Principal and the other world Principals. ALL PRINCIPALS are going to realize that the Agents now pose a detriment and threat to the head of the Principal, and the other world Principals, and not just the pre-selection of humanity. The fraud cannot be controlled or eliminated in the private banking system because it is inherent in its existence.
The head of the Principal and other world Principals have lost control over its Agents due to the Agents addiction to self-interest, profit and arrogance. Inaction by ALL THE PRINCIPALS is their estoppel and destroys their ability for self-correction, threatening their viability and survivability.
The creation of the Internet was the most life changing and is still a key threat to the private banking system. The internet is the sole problem they have yet to contain. It is humorous that ALL PRINCIPLES acquire the talents of those to contain the internet and yet ALL PRINCIPALS are blinded by the arrogance of their own presumptions and have failed to recognize that the true masters of the technology, young to old, are inherently aware that the old paradigm has no purpose and are assisting aggressively, yet ever so covertly, in the shift to the new collective conscious paradigm.
The public trustees initiated contact with the Investigation Lead on December 10, 2010, and gave details that they possibly not have known about the Authorization Lead, the Investigation Lead, the Swiss custodians of the public wealth, and details related to prior investigations and current issues plaguing the highest levels of trade, bank and finance.
By “social standards” review, they are the least likely to be in possession of this information. An extensive check with the Authorization Lead and intel sources proved the opposite. Per Authorization Lead’s order, the trustees were invited to watch and assist at the tail end of the investigation in order for the Investigation Lead to establish an assessment of the trustees’ competency, intent, and position. It was a mutual assessment that took place. Their intent was the same as the leads, if not more comprehensive as they included that the new banking system could only work and survive if the Judicial house in America operated on full transparency secured by the full personal liability of each Judicial officer, agent, and assign. Investigation Lead spent two months testing the Judicial House and investigating the current system of liability of its officers, agents and assigns. While generally the agents work under full personal liability and the judicial is required to be bonded, in practice, accountability and liability does not exist, ie. Codes and statutes require a bond to be posted before taking judicial or public office, however, private contracts, employment or other, contain “hold harmless clauses” or a simular immunity not disclosed to the public, and the lower levels are protected to a limited degree by restricting access and process of claims, which are self-administered by the counties where the judicial house resides and in conjunction with the Insurance Industry.
Investigation Lead reported findings and conclusions (identified herein) to Authorization Lead = resounding “Green Light” to prepare the forums for implementation of the public-money-for-private-use system, state and national levels. Individual report can be issued on foreclosure and judicial issues with greater detail.
CONCLUSION: (GLOBAL). THE PRIVATE BANKING SYSTEM IN AMERICA IS A THREAT TO STATE, NATIONAL AND INTERNATIONAL SECURITY. IT IS A THREAT TO HUMANITY WHO HAS BEEN ENSLAVED AND UNJUSTLY CONTRIBUTED TO THE SELECTIVE WEALTH OF THE PRINICIPALS. MORE INTERESTING, THE PRIVATE BANKING SYSTEM HAS BECOME A THREAT TO THE SECURITY ALL PRINCIPALS (HEAD OF THE PRINCIPAL OF THE AMERICAN PRIVATE BANKING SYSTEM AND
WORLD PRINCIPALS) THE THREAT CREATED BY THE UNCONTROLLABLE AGENTS CAN BE MITIGATED CONSIDERABLY BY AGREEMENT BETWEEN ALL PRINCIPALS AND THE public trustees. AS THIS PROCESS OF AGREEMENT FOR FINAL SETTLEMENT OF INVOLUNTARY SERVITUDE AND UNJUST ENRICHMENT BEGINS, INDIVIDUALS, ESPECIALLY THE UNCONTROLLABLE AGENTS, COVERTLY AND BLATENTLY SERVING SELF-INTEREST, SELF-PROFIT, AND SELF-PRESERVATION SHALL REVEAL THEMSELVES TO BE MADE EXAMPLES OF BY THEIR OWN CHOICE.
*PRIME INVESTIGATION CATALYST TRIGGERS: (NOTE-WELLS FARGO MATTER
REGARDING TIGRAN SARGYSIA SCAM INCLUDING, BUT NOT LIMITED TO, AGAPE
CHRISTIAN FOUNDATION AND MAKARIZO (PANAMA) ACCOUNTS, NOT INCLUDED IN THIS REPORT AS STATUS OF AUTHORITIES INVESTIGATION IS UNKNOWN; UPON REQUEST)
|CATALYST 1||: 2008-2009 HSBC-UBS “RENAUD” INVESTIGATION|
|BANKS||: HSBC (LONDON, BEJING), UBS (SWITZERLAND)|
|ORIGIN PERSON||: PATRICK WANG SHUI CHUNG (HSBC Director); others withheld for cause|
|ORIGIN TIME||: cir. Summer 1998 (USA De-reg period of Glass-Stealy Act)|
|INTEL CONTACT||: WONG SHUI LUNG (GEN. WONG)–CHINA|
: (SCOPE LIMITED TO BANKER CORRUPTION) Microscopic Investigation for assessment of(amended to include solution to release) High Net-Worth ($500M USD equiv. and greater) clients in bank initiated and maintained contracts that created an unregulated and untrained industry ofleased Proof of Funds, Capital Accounts, and other contractual structures to enhance financial positions of persons of the general global public; brokers industry.
:At least one or more Origin Person(s) created, implemented and maintained an internal bank infrastructure of core persons that could be used complimentary or quid pro quo externally amongst financial institutions. The infrastructure was discovered to be highly complex, running the divisions with plants, bought or coerced, from the wire room to the board room. Complexity of design was prima facia of pre-meditation, willful intent, and long-term commitment, strategies and implementation at the highest levels. De-regulation permitted bank contracts to be implemented; subsequent laws rendered bank contracts illegaL Bank contracts were purposefully kept in-house with no copies permitted to leave, thus clients funds were essentially rendered irretrievable, hence this investigation in 2008. Microscopic case revealed bank contract induced by long-time relationship and trust built with Origin Person. Investigation ceased prior to determining whether Sir Peter Davis was complicit or had knowingly benefited from Origin Person; deemed not-relevant as deceased. It was determined that although Sir John Bond was removed as HSBC Chairman for his previous tapping of client gold reserves and moved to the private banking arm, his infrastructure inside HSBC London main was not extinguished. Patrick Wang Shui Chung had access and opportunity for implementation and his operation ran internationally with damages to the public globally and intel reported terrorist ties and possible activity.
|ACTIONS||: Recommended=Meeting with General Wong; Held; Hand-off to BIG 3 & withdrawal|
: Microscopic client’s funds discovered buried in Switzerland by Origin Person and his agents. Three (3) or more high level executives (HSBC-London) reported dead; mid to low management/employees; quiet international “investigation” by various global alphabets / political pressures from China, USA, & Canada; CHINA received special tax treatment of investment in the US. PUBLIC-US demand for Swiss disclosure of American clients for “tax evasion” and other various allegations. Tabled.
|CATALYST2||:2008-2009 POON I LI SHA INVESTIGATION|
|ORIGIN PERSONS||:POON KONG I LI SHA|
:To investigate and assess origin persons and assets for pending Asset Management Contract
|CONTACT||:Authorization Lead, and Jonathan D. Betts of Atlantica|
|INTEL CONTACT||:Authorization Lead; WONG SHUI LUNG (GEN. WONG).|
:(SCOPE LIMITED TO BANKER CORRUPTION) Microscopic Investigation for assessment (amended to include solution to case account with request for official assistance from China; branched into informal semi-global negotiations regarding master accounts and AU) of one or more case accounts vith signatory Poon Kong. Allegations involved high level bankers who performed tasks, in the normal course of banking, pursuant to client orders up to last required step and certain bankers demanded “personal payments” prior to making normal banking external confirmations to third parties/institutions.
:Parties and Factors initially deemed sensitive and amended to critically sensitive due to international master accounts and historical parties, treaties and agreements. Complexity involved in microscopic case was minimal, more a matter of “unauthorized and illegal institutional practices by world~wide bankers”; POON/LISHA due to their failure/inability to follow pre~set and party-mandated secret protocols of enactment and engagement, the fmal report recommended termination
|CATALYST 3||:2008-2009 PANAMA-COOSEMUPAR INVESTIGATION|
|BANKS||:VARIOUS, PRIMARY-HSBC (PANAMA)|
|PURPOSE||:To investigate and assess all levels of corruption and political/fmancial influence|
|INTEL CONTACT||:Authorization Lead, Coosemupar Counsel|
:(SCOPE LIMITED TO BANKER CORRUPTION) Microscopic Investigation for assessment (amended to include solution to case account with request for official assistance from China). Follow-up investigation by global team discovered more complex “land grab” and money laundering by “mirror” World Bank loan as used by Saddam’s food for oil program. Involved parties included but were not limited to senior officials of Torrijos Administration, major Panamanian law firms, and bank officials. Subsequent data was collected on possible involvement of senior American officials with direct or indirect interests in agriculture and food industries, exerting financial and/or political influence in Panama; other Latin American similar influence;
:Parties and Factors initially deemed semi-sensitive and amended to critically sensitive on Authorization Lead’s order based on notice given by internationals of their intent to intervene, directly or indirectly. First deliver of Report to Mr. Torrijos, ineffective as it was later discovered that he and his wife were investigated for “unjust enrichment”. Second delivery to Mr. Martinelli, used but data collected at the tail-end of investigations uncovered the beginning of undisclosed/disclosed relations and partnerships resulting in prima facia knowing and willing complicitness on his part.
|CATALYST 4||:2008-2009 FANNIE/FREDDIE INVESTIGATION|
|BANKS||:VARIOUS, PRIMARY- JP MORGAN|
|PURPOSE||:To investigate and assess difficulties with securities: Freddie/Fannie securities, CMO, and other MBS|
|INTEL CONTACT||:managed- Authorization Lead, supplemented (dove-tail World Bank Loan investigation)|
:Microscopic Investigation for assessment of validity of various Securities, including, but not limited to Freddie/Fannie Securities; Monetization of said securities, and options for trade.
:Parties and Factors initially deemed not sensitive and amended to critically sensitive due to investigation’s preliminary findings. Securities reported on screens (NASDAQ, ETC.); attempts to investigate behind the screens were thwarted, prevented or otherwise hindered externally by issuers stating fraud, and yet no actions were taken by issuers to remove, handle, or report them as fraud to take them off the market. Investigation report recommended tabeling in February ’09, for further investigation plan completed in March ’09, and structuring possible solutions through testing from March ’09 and completed February 16,2011. Final report recommendation for solution, “Green Light” for implementation of solution given February 16, 2011, by Authorization Lead.
|CATALYST 5||2010 ECUADOR|
|BANKS||COUNTRY CENTRAL BANK|
To assess and assist with a “Letter of Credit” for an external “contract” for state energy equipment and infrastructure
|CONTACT||BROWN ENERGY GROUP (BEG), LOCAL COUNTERPARTS, MINISTERS|
|INTEL CONTACT||Managed- Authorization Lead; supplemented|
BEG wanted assistance with monetizing a purported Letter of Credit issued by the state central bank/governrnent. Preliminary assessment revealed that Letter of Credit had not been issued, contract had not been officially awarded; main objective changed by client to securing contract.
Parties and Factors initially deemed sensitive and amended to critically sensitive due to international political and financial influence. Investigation discovered corruption of governrnent officials, suspected from data gathered to be organized and covertly controlled by cousin of President. A funding solution was presented that did not demand or require state concessions detrimental to the state and its people; no potential bidders/parties could compete with offer; China left table only to come back later indirectly through Venezuela; Caterpillar implemented deceptive practices and undue political and possibly fmancial influence over the situation; All was predicted and the funding solution presented was purposefully designed by terms and conditions to ferret out government and third party corruption, and political/financial influence; China came back through Venezuela. International media reported that China had agreed to a 50 Billion arrangement with Venezuela’s Chief for oil. First report recommendation was to terminate involvement with Ecuador due to time intensity required to resolve. Investigative Intel reports were that it was actually to be a sale of the frozen Venezuela USA accounts to China disguised by the oil arrangement and Venezuela’s influence on Ecuador to indirectly re-enter table of energy project. Ecuador President was called to Venezuela and preliminary deal cut for a “loan”. Subsequently, Ecuador returned to request funding solution reporting that all agreements with Venezuela failed, due to failure of China-Venezuela agreement. Follow-up Investigative Intel revealed that USA intervention on frozen accounts with China was the cause. Report recommended termination of interaction with Ecuador due to other obligations already engaged.
WTF… ? With the delivery of complete consciousness, the resulting fireworks are brilliant! Cued and looping through exponentially through it all:
PS: ~ It took even MORE “poking of the bear” to hyper accelerate this that it did for D.C.! Pffffft! LOL… at least Pat Benatar’s HIT ME WITH YOUR BEST SHOT can be retired now. 🙂
~ Hugs, Love, Gratitude, Heartitude, Joy and Celebrations for All, With All, By All!
HATJ-From:Heather Ann Tucci-Jarraf
To: BZ Riger
Date: 12/8/2020 10:21:02 AM
tsk, tsk, tsk…I am aware (and have been aware) that there are some that would prefer to pretend that all described in that article hasn’t been the case all along…of course, they more than lowballed the billions that are actually made on each individual globally…I am aware especially that they would prefer to pretend that they weren’t aware of it, too.
I am also very aware that they definitely would prefer the world (public) wasn’t made aware that it has always been the case and that such “pretenders”, “perpetrators”, and “predator’s” faces would not be identified to the world (public).
As I informed Karl Langenstein, back in Boston, when “imminent threat” and “by any and all means necessary” were being batted around overseas and by their domestic flunkies over their morning coffees, opium dens, and deciding what gold would be priced that day…by their very actions, and refusal to self-correct, and of course the ultimate activation on July 25, 2017, they precluded any and all anonymity…and more.
Thank You, BZ, for overlighting the data.
From:Heather Ann Tucci-Jarraf
To: BZ Riger
Date: 12/8/2020 11:07:07 AM
Subject: RE: ..give every American cash at birth so they ca
I do clarify one point: Within the most expansive consciousness and awareness, everyone has always, all ways been known as “on the same side” and “working for the same goal”, with each playing their part…seeing past all that “isn’t” and all “appearances” determines how “rough” playing said part would be.
I do not subscribe to the particular and specific “shame and shun” implemented and practiced by some “regimes”. There was BEING AND DOING COMPASSION and LOVE written into that Universal Security Agreement…for each BEING…along with recognition and acceptance of each BEING’S free will choice. Any and all mitigations and completions experienced in this NOW are activated by each individual’s choice, and in part and whole, constitute that universal wave experienced by All. It always has been…however, either, one took off their “mask”, or their “mask” was removed for them…with love and compassion beyond any and all measures, known and not known. ?
My continued and eternal Heartitude, Love, Grace, Dedication, and Compassion for All, with All, by All.
—-Riger, Bz on 12/7/2020 7:36 PM wrote:
|The billionaire investor Bill Ackman.||
Mike Blake/ Reuters
Billionaire investor Bill Ackman says the US should give every American cash at birth so they can retire a millionaire
by Marguerite Ward, published on Business Insider, on December 4, 2020
Bill Ackman, the chief executive of the hedge fund Pershing Square Capital Management, says the American dream has become a “disappointment” for many because of economic inequality.
In The New York Times’ DealBook, Ackman says the wealth that upper-middle class and rich Americans generate from equity and other investments has far outpaced wage growth.
The billionaire is proposing a plan, called “Birthright,” where the US government would give every American a stock investment upon birth.
Birthright funds would be invested at birth in zero-cost equity index funds, be prohibited from withdrawal until retirement, and compound tax-free for 65 years or more.
At historical rates of equity returns of 8% annually, a $6,750 at-birth retirement account would provide retirement assets of more than $1 million at age 65, Ackman wrote.
Over the past several months, top business and finance leaders — from Ray Dalio to Melinda Gates — have been sounding the alarm on inequality in America, saying something is broken with our current state of capitalism.
Now the billionaire Bill Ackman, the chief executive of the hedge fund Pershing Square Capital Management, is joining the ranks, saying that wages haven’t kept up with the rate of wealth creation from the stock market, which has benefited the rich and the upper-middle class, while leaving everyone else behind.
The American dream has become what Ackman called “a disappointment” for many — but he has a solution.
Ackman is proposing “a way for those with no investment assets to participate in the success of capitalism,” he wrote in The New York Times’ DealBook.
Here’s how it would work: The US government would create an investment account for every child born in the country, a program that the billionaire calls “Birthright.”
Birthright funds would be invested at birth in zero-cost equity index funds, be prohibited from withdrawal until retirement, and compound tax-free for 65 years or more.
At historical rates of equity returns of 8% annually, a $6,750 at-birth retirement account would provide retirement assets of more than $1 million at age 65, or $2 million at age 74, Ackman wrote.
Ackman said his plan would cost the government $26 billion a year based on the average number of children born in the US each year.
The billionaire’s plan is a universal basic income (UBI) of sorts. UBI is a policy that guarantees a minimum income for citizens or residents, usually paid in the form of cash handouts by the government. In this case, it would be in the form of equity.
A rising UBI tide
The concept of UBI dates back to the 16th century but has picked up steam since the 1970s, notably in 2019, when former presidential candidate Andrew Yang proposed a “Freedom Dividend,” which consisted of guaranteed payments of $1,000 per month, or $12,000 per year, to all US citizens over the age of 18.
But during the pandemic, UBI has begun to be implemented as a governmental policy. In Spain, the country’s minister for economic affairs told the Spanish broadcaster La Sexta that the government was planning to introduce cash handouts to low-income Spaniards as a way to help people financially recover from the pandemic. She also said the government hoped it would become “a permanent instrument,” Business Insider reported.
In early May, Scotland First Minister Nicola Sturgeon, who leads the government’s Cabinet, said “the time has come” to seriously consider a UBI policy that would guarantee a minimum income for every citizen in the form of cash handouts from the government, The Times reported.
In Germany, researchers are giving 120 Germans approximately $1,400 every month for three years as part of a study conducted by the German Institute for Economic Research.
And in the US, congress’ Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, passed in March gave qualifying Americans a onetime cash payment of up to $1,200. In April, House Democrats introduced the Emergency Money for the People Act, which would give $2,000 a month to Americans over the age of 16 who make less than $130,000 a year.
Yang recently launched a cash-handout experiment in upstate New York, testing his hypothesis that it would help lower-middle-class and middle-class people make ends meet and generate more wealth.
Yang says cash handouts wouldn’t dampen people’s work ethic but strengthen it, making the investment in Americans one with real returns.
UBI “would actually give Americans more reason to work because you would actually be able to get ahead and have a foundation as opposed to in some cases now, it feels like you can run and run and never get ahead,” he told NPR.
Ackman seems to agree.
“In addition to helping all Americans build wealth for retirement, Birthright would encourage greater financial literacy, and give all Americans the opportunity to participate in the success of capitalism,” he wrote.
This is a semi personal conversation with Heather where I was expressing that I had reached peak “YUCK”… with all the “revelations of corruption”. So many are posting so much of what is going on I don’t feel I need to repeat what others are doing. And I get a lot of articles and videos sent to me, but honestly I am more interested in enforcement and pulling these squealing mandrakes of planetary corruption out by the roots.
I find myself in these moments feeling like I am already at the destination and just waiting for the rest of the hiking troop to catch up on the long trail. I don’t mean that in a condescending way, there are others who began this journey long before me. I know the ending. I don’t know which trail people choose to the mountain. I also feel lately a growing sense of bi-location within the all of me. There’s the me who is on this end and there’s the me who never left to come here. We are all multidimensional beings.
There are moments that I find somethings on this planet very odd indeed. Even given all the years I have lived here. And I find that puzzling too, that sensation of oddness and surrealism.
I also observe people retreating into organized religion as a form of comfort against the storm, which is a reflex, without realizing how fully corrupted those institutions are, men who project themselves as intermediaries to the divine yet they are curiously quiet about it all…
Ladies here get “bargain book” catalogs that they have family/friends order from for them…I took a look at my bunkie’s catalog the other day, and some of the titles are hilarious…and in it was a DVD section…I laughed so hard at one of the titles that I had tears in my eyes…it was called TRUMP V. ILLUMINATI, and the description was of a cloned Trump (a Chinese cloned Trump at that) that escapes and then takes on the so-called illuminati. I can’t remember if it was in Chinese with English subtitles…i was surprised that lots of italian movies were advertised, and wanted to remember to browse the catalogs, lol
…my love to Denice…to You…to All.
—– Terran on 12/4/2020 2:21 PM wrote:
Finding it increasingly difficult to read much of anything on current politics and voting scandals. Everything is so deeply corrupted. I don’t need convincing I know.
Talk of free markets and free thinkers means nothing in a world run by tricksters and liars and cheats. Am I unique in that I saw things were utterly corrupt in the early 2000s?
It’s not just that there’s incompetence by design, it’s becoming increasingly clear that those who are competent (in spite of imposed structural impediments) and who are not compromised are specifically and deliberately targeted and shackled as direct threats to the status quo.
Saw one of those bizarre films that come out Japan, where a Yakuza faction are actually vampires. They limit their blood sucking of “civvies” (civilians) because if they turn the civvies into vampires there won’t be enough crop left to feed the vampire Yakuza… and civvies taste better…. than other Yakuza… of course one renegade Yakuza can’t help himself and is rapidly depleting the supply of civvies so the “sustainable farming” Yakuza turns to the police who station chief is snarling with his palm out for payment “we don’t work for you for free!” Some really twisted metaphors for what is actually going on. Curiously the movie did not address judges.
Is there a fast forward button?