Internet Babel

This is a piece of video that makes you glad that for the existence of the medium, and of the Internet.

Invaluable experience and knowledge that otherwise could have been lost forever. It will explain much about what is going on today, but the events recalled are more than sixty years past and the interview itself was conducted in 1982.

G. Edward Griffin interviews Norman Dodd, congressional Director of Research for the Reece Committee, 1953-1954. The Reece Committee’s purpose was to investigate the seemingly unconstitutional activities of tax-exempt foundations such as Ford, Rockefeller or Carnegie Endowment.

There’s a lot of talk about BP being a purely British company. Actually, the ownership structure and control of the company is a lot more complex.

Some facts that have not been reported in the news:

1. 29% of BP is owned by JP Morgan and US companies own 39% of it total

2. Halliburton, one of the main contractors on the rig, is considered the party responsible for failing to cap the well properly. They moved their headquarters out of the US to Dubai recently.

3. The former CEO from 1997 to 2009 who was ousted by a sex scandal was also Chairman of Goldman Sachs. Goldman sold a massive amount of its BP holdings in early 2010 and one of its employees bragged in an e-mail in early April that they were “shorting” the Gulf and looking forward to huge profits from an environmental disaster there.