Who are the Puppet Masters?
Foxes Follow the Money to Find the Puppet Masters.
A wise older Fox taught all the Pup Foxes that the best way to find truth in a world of deception was to follow the money. The Occupant of the White House had a long, long career representing the interests of the tiny, tiny state of Delaware for nearly a half-century. How could a politician from such a tiny state with seemingly little to offer have acquired so much wealth and power as a “public servant” to rise to the top spot in the nation? A man who clearly lacks the capacity and capability to be in control of his bowel movements, where he is, and who he’s with, who he’s singing to, much less say anything coherent without a script in front of him. And even in his best days graduated at the bottom of his class in law school and was a serial plagiarizer his entire career.
So if not him, who really is in charge? Who has been behind Joe Biden for fifty years? Who are his puppet masters? Foxes following the money have a good idea:
‘Delaware is Everywhere’: How a Little-Known Tax Haven Made the Rules for Corporate America
““What’s the Matter with Delaware?” which sheds light on the lax corporate tax laws that have allowed the more than one million companies registered in Delaware to cloak themselves in secrecy and, in some cases, engage in illicit or dodgy financial activity.”
Why has Delaware, as a tax haven, flown under the radar?
“Delaware was sort of like someone in the Witness Protection Program.”
What makes Delaware a tax haven?
“Companies and wealthy individuals can use Delaware to avoid paying some taxes in other states. So there’s a thing called the Delaware Loophole, which essentially enables companies to avoid paying state corporate income tax where they earn the revenue.”
“The policy that Delaware has championed and defended, the system against attempts to reform it, is ‘don’t ask, don’t tell.’ I spoke to the secretary of state in Delaware last year, to their office, and I just wanted to be 100% clear before I said it publicly: “Do you know where the owners of corporations registered in Delaware are located?” And they said they don’t. And there’s no way of knowing because they just don’t even ask the information.”
What role has Joe Biden, who served as Delaware’s senator for 36 years, played in either defending or reforming the status quo of financial secrecy in his home state?
I’m not sure that Joe Biden has been directly involved in either defending it or reforming it. But he’s certainly been a beneficiary of it. The one thing I would say about Biden is, if you look at his top donors over the years, they are the law firms that benefit hugely from the system. Attorney fees, lawyer fees in Delaware are the most expensive in the country, on average, more expensive than New York, more expensive than California. And Washington, D.C., they’re the most expensive hourly rates. And those powerful firms are even more powerful than just enjoying the fat of the industry because they determine the rules. They write the Delaware corporate code, which is America’s corporate code, which is, in many senses, the global corporate code. So the whole thing is a very, sort of hermetically sealed system that bypasses any democratic oversight. So those firms have been the biggest donors to Biden consistently over his political career.”
“The Delaware Court of Chancery is a specialized court of equity with specific jurisdiction over corporate disputes. Without juries, and with only five expert jurists”
“One of the key concepts embodied in Delaware case law is the “business judgment rule,” which is a judicial recognition that law-trained judges should not second-guess business decisions made by directors in good faith and with due care— even if the decisions turn out badly.”
“Delaware has an ample supply of lawyers”
“Find out why foreign investors select Delaware as the home of their U.S. operations.”
“Yet, nearly 1.5m businesses from all over the world are incorporated there, including 68% of all Fortune 500 firms. Among them:
“In this so-called “race to the bottom,” Delaware emerged victorious.
In Delaware, the incorporation process can take less than one hour to complete — and the state doesn’t require companies to disclose the names of officers and directors, allowing for anonymity.
“Delaware is the state that requires the least amount of information,” a business registration agent in Delaware told The New York Times in 2012. “Basically, it requires none. Delaware has the most secret companies in the world and the easiest to form.”
Carl Levin, a retired senator from Michigan, has said that it’s easier to set up a corporation in Delaware than obtain a driver’s license.
This expediency, coupled with the allure of anonymity, has attracted a slew of shady enterprises to Delaware in recent years:
Viktor Bout, a Russian arms dealer once known as “the merchant of death,” had nearly a dozen Delaware shell companies.
Tim Durham used a Delaware shell company to run a $207m Ponzi scheme on more than 5k elderly Americans.
Carl Ferrer used a Delaware shell company to house the sex trafficking website Backpage.com.
El Chapo used a Delaware LLC to hide cartel drug money.”
And, (not so) coincidentally, it was these same Delaware corporations that were behind the violent, deadly, destructive, “mostly peaceful” BLM riots of 2020. Following the money. Are the real puppet masters pulling the strings coming a bit more into focus?
Note: Behind these puppet masters there’s another set of puppet masters. Who are shielded by Delaware’s privacy laws. But that’s for another story.
This recent article is very relevant to Who are the Puppet Masters:
A Historic Breach of Fiduciary Duty
Wall Street Journal, May 15, 2023
https://archive.vn/hCnx3
"The number of proposals on environmental issues has increased 51% since 2021. Proposals on social issues have increased 20% over the same period. Though these measures diminish returns for shareholders, many will pass with the help of proxy advisory firms and the asset managers upon which working Americans rely to protect their interests."
...
"Though the SEC exists to protect investors, the current commission is little more than a political tool that harms investors with its climate-change and social-justice obsessions. The destruction of wealth for everyday Americans whose futures depend on reliable returns is an afterthought.
With the SEC blessing illegal and otherwise value-destroying shareholder proposals, and with unregulated proxy advisory firms pushing political agendas, institutional investors must vote for what is in the best financial interest of shareholders."
Now consider the excerpts about Delaware corporate law that applies to the:
"nearly 1.5m businesses from all over the world...incorporated there, including 68% of all Fortune 500 firms."
And the corporate legal philosophy in practice in Delaware is:
“One of the key concepts embodied in Delaware case law is the “business judgment rule,” which is a judicial recognition that law-trained judges should not second-guess business decisions made by directors in good faith and with due care— even if the decisions turn out badly.”
Which, remember:
"the Delaware corporate code, which is America’s corporate code, which is, in many senses, the global corporate code...a very, sort of hermetically sealed system that bypasses any democratic oversight"
Meaning breach of fiduciary duty isn't much of a consideration by the corporations and their majority institutional shareholders and proxies.
The unaccountable Puppet Masters. By design.
I naively thought that Obama might be different and voted with enthusiasm for his first-term. He only served the donor class, and his policies -- the cash for trash bailout of Wallstreet and much more -- wreaked fast and slow havoc on the working class and much of the middle class.
Even Obamacare was not only thoroughly compromised -- it represented an unprecedented intrusion. The government -- to which people were already paying taxes -- would now fine people if they did not contract with an approved private corporate healthcare insurer. So this was another tax in truth, but one which went directly to the corporations -- with Uncle Sam as the shakedown man, the enforcer. You WILL be a long-long profit point to one of the corporations of our choice. Fortunately, the penalization section of Obamacare went largely unenforced. But how did it become law in the first place? And please no talk of how things are done in Sweden, Denmark, or Japan -- where universal healthcare means exactly that.
Victor Davis Hanson, for my money, in his book The Dying Citizen (2022), gets all this largely right. We are headed for neo-fuedalism, with the vast majority of Americans not as citizens but as serfs, if we continue to allow our corporate-government to run amok with bureaucratic control over all aspects of life.