The Cody Word
  • June 15, 2009 11:55 AM EDT by Cody Willard

    Citigroup and the World Bank Illuminati are stealing our money

    Citigroup has taken in tens of billions of dollars in direct welfare infusions from TARP in order to make payroll and keep the lights turned on. Vikram Pandit, the CEO who's also the guy who started a hedge fund using money fronted from giant investment banks like Citigroup and sold the start up hedge fund to Citigroup so that it could risk and lose its depositors money in the stock market, had to come back and beg for more just-for-Citi money from taxpayer largesse since Citigroup did indeed risk and lose every cent their depositors, lenders and shareholders had given them.

    And now Citigroup wants to take the money they've begged to have confiscated from the private market and funnel it to the most IMF-politically-connected people who "run" companies in developing nations around the world. We don't have enough welfare money in this country to feed hungry kids in the projects a few blocks away from Citigroup's headquarters...but apparently, we have enough welfare money in this country for corrupt bureaucracies and politicians in other countries to plunder as they pretend that redistributed money is "Intended to stimulate the growth of trade in the emerging markets over a three-year timeframe, this funding is expected to support estimated trade flows of up to $7.5 billion (through the origination of $1.25 billion six times over during the three-year period)"

    The money at Citigroup is supposed to be depositors' savings lent out to companies and individuals whom Citigroup thinks will pay them back. The government's supposed to make sure everybody involved in that doesn't lie, cheat or steal. That's how money flows where it's most needed and markets are created and prosperity built.

    Instead, the US government has confiscated taxpayer money and given it to fraudulent management at Citigroup and Citigroup's now taking that confiscated taxpayer money and telling us that it will only lend that money out to those can properly work the World Bank system.

    Virtuous cycles create growth and prosperity and can only be created, by definition, on virtuous terms and with profit to fuel them. There's nothing virtuous about Citigroup's newfound politically-motivated and politically-CONTROLLED policies and actions.

    And the billions of people in the emerging countries who aren't politically-connected enough to get their hands on all that confiscated money coming into their countries won't benefit from the endlessly vicious cycle of politically-driven markets either.

    Even if these policies at Citigroup were to generate earnings for the company, the company has NO RIGHT to the profiteering they are doing with all this taxpayer largesse they have begged for.

    Don't we want Citigroup to deal with its insolvency and sold off in pieces to private co's asap once and for all?

    And what's good for Citigroup is NO LONGER what's good for the United States "public good" and we have to change that.

Charlie

A great post here reveals what you really feel about the current stature of the economy, Every single thing is coming back at the average american and hitting him back at the right chords.

June 17, 2009 at 12:20 pm

Bob Butcher

Cody, Again, you are right on target. This entire "crisis" is being managed by global financial interests bent on a new world order. Of course this will fail, as man's history has repeatedly demonstrated over the course of recorded civilization. The natural correction for this is always the same-war, severe shortages, and civil discord. I am afrain we are in for a rough ride for a very long time.

June 16, 2009 at 6:41 am

Citigroup and the World Bank Illuminati are stealing our money | Truth Nuke

[...] Willard Fox Business June 15, [...]

June 16, 2009 at 12:06 am

streamfortyseven

It's been interesting reading your blog entries. I'd never heard of you since I don't watch TV, but you seem to be right on target with your diagnosis of the problem. The Republic began to die with the dissolution of the Articles of Confederation back in 1787, took another hit with the Civil War won by the 1860s military-industrial complex, and the process was finished in 1913, with the establishment of the Federal Reserve and direct election of Senators. The establishment of the National Security State in the early 1950s, and the shadow government with its black budget, ensured that the Military-Industrial complex would continue to rule. Eisenhower was too late, the horse had already left the barn. Now, with the 20th Brigade Combat group established as the enforcement arm of Northern Command, active resistance will result in lots of dead people. There is no way to fight the government, and no way to change it. The only thing to do is to make it irrelevant...

June 15, 2009 at 8:49 pm

Tim Seretis

Be very careful Cody, you are thinking too much for yourself and Janet Napolitano and the rest will consider you an extremist. LOL

June 15, 2009 at 8:40 pm

Dumb bastid . . .

Second reply, and just sharing with others who have had the misfortune of having to deal with CitiBank: http://www.funnyordie.com/videos/c130f64d6f/the-new-f-ing-citibank Cheers and good luck.

June 15, 2009 at 5:21 pm

SAP

Just want to share with others who have the misfortune of currently having to deal with Nationalized CitiBank: http://www.funnyordie.com/videos/c130f64d6f/the-new-f-ing-citibank

June 15, 2009 at 4:58 pm

MICHAEL

YOU ARE SO RIGHT CODY I AGREE WITH YOUR ECONMIC VIEWS ALSO WITH YOUR POLITICAL VIEWS ITS TIME TO CHANGE THE WAY THE BANKS TRYING TO OPERATE IN THIS COUNTRY. THE WAY CITI BANK IS OPERATING WILL DESTROY THE U S IN MANY WAYS. THANK YOU FOR YOUR VIEWS KEEP IT GOING.

June 15, 2009 at 4:47 pm

rebelman

Your right again but who is listening? The socialists and communnists now running this country into the ground do not care what is right or wrong! Capitalism and the American way of life is dead!

June 15, 2009 at 12:20 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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