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Watch "Inside Job" - The Wall Street Horror Movie, For Free

Tyler Durden's picture


Courtesy of Open Culture, Inside Job, the scariest Wall Street "horror movie" ever produced can now be seen for free. Charles Ferguson's masterpiece is a must watch for anyone and everyone who has even a passing interest in the intersection of finance, economics, politics, corruption, crime, complacency and above all, the human inability to predict the future when the only driving force is pure greed. And as Open Culture notes, "Inside Job can be purchased on DVD at Amazon.
We all love free, but let’s remember that good projects cost real
money to develop, and they could use real financial support. So please
consider buying a copy." We can only hope that more commentators ilke Ferguson will step up and present the criminal events leading to the greatest economic and market crash since the Great Depression.

Open Culture's brief commentary is most appropriate:

Hopefully watching or buying this film won’t be a pointless act, even
though it can rightly feel that way. As Charles Ferguson reminded us
during his Oscar acceptance speech, we are three years beyond the Wall
Street crisis and taxpayers (you) got fleeced for billions. But still
not one Wall Street exec is facing criminal charges. Welcome to your


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Sat, 04/02/2011 - 21:44 | 1128995 FunkyMonkeyBoy
Sat, 04/02/2011 - 21:53 | 1129006 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

Paging Dr. Steinfeld!

You think the radiation stories are hyperbole?

Sat, 04/02/2011 - 21:57 | 1129013 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Some strange s**t going down...

What are the odds?

Sun, 04/03/2011 - 10:55 | 1129667 Rusty Shorts
Rusty Shorts's picture

Authentic Frontier Gibberish

...and Miss Teen South Carolina Gibberish

Sun, 04/03/2011 - 11:39 | 1129732 margaris
margaris's picture

for those who have problems watching the movie. You can officialy download it here:

Sun, 04/03/2011 - 13:05 | 1129878 Youri Carma
Youri Carma's picture


Sun, 04/03/2011 - 13:56 | 1129961 dogismyth
dogismyth's picture

THUMBS DOWN!  The movie has no "teeth".  They are interviewing all the crooks...whattya expect them to say?

Get BILL BLACK on there and I might watch the entire thing.

Boring film which most americans will turn off after 15-20 minutes...guaranteed!

Sun, 04/03/2011 - 14:19 | 1130010 Youri Carma
Youri Carma's picture

Yeah that confirms what I already thought ... have seen a piece of the flick and turned it off after a few minutes and had forgotten about it.

And indeedy BILL BLACK is the real deal. Maybe better alternative:

The Warning Docu history of Brooksley Born's attempt to regulate OTC derivatives
Sun, 04/03/2011 - 14:40 | 1130080 Max Hunter
Max Hunter's picture

You're right.. No one should try to make a movie exposing our criminal financial system.. asshole..

Sun, 04/03/2011 - 16:40 | 1130339 In Fed We Trust
In Fed We Trust's picture

If it's anything like "The Heist" or "Money Never Sleeps"

then it trys to glorify/justify the crimes of the culprits. 

Wouldn't be surprise if they were funded by Wall St pr firms to brainwash the public.

If you actually want to learn something, go watch Bill Black.

Sun, 04/03/2011 - 16:30 | 1130316 High Plains Drifter
High Plains Drifter's picture

If this film told the real truth, it would not make it off of the cutting room floor.......ha ha ha

same ole same ole......

the sheep are restless. where is the beef?

the trouble with iceland is, its just too damn white. this is a problem for some.

so while the vikings slept............the enemy crept in

On a similar note, historically speaking, the Empire of Rome was doing pretty good until they invaded the middle east..Then came new "citizens" from the middle east with new ideas on banking and loans.....same ole same ole........when are these white folks going to smell the coffee??????

Sun, 04/03/2011 - 20:46 | 1130867 Cleanclog
Cleanclog's picture

At a screening and follow up panel with Charles Feguson last week.  He is articulate, angry and deeply concerned about wealth disparities, unfixed contributors to fin crisis, etc

Sun, 04/03/2011 - 00:37 | 1129181 blindman
blindman's picture

not to be inappropriate but that is pretty good

programming for cbs news.  it works and ....

i get it !  if they did all their news in that dialect

i would watch.  makes me nostalgic....


and this

Sun, 04/03/2011 - 07:42 | 1129511 Lord Welligton
Lord Welligton's picture


Have any of these people had medical procedures?

Sun, 04/03/2011 - 14:02 | 1129983 dogismyth
dogismyth's picture

don't ya know....they come from human/reptilian DNA.  They are not us, just pretending.  LOL.

And the earth is hollow.  Don't believe me?  Prove it otherwise!!

Sun, 04/03/2011 - 01:01 | 1129252 Zero Govt
Zero Govt's picture

all Judges talk gibberish, as do all lawyers as is the law and the entire judicial system itself... so one judge gets carted off to hospital talking insane crap, is this news???

Sun, 04/03/2011 - 00:55 | 1129242 LudwigVon
LudwigVon's picture

As far as the fight club goes

Where the fuck did Marla go?


Sun, 04/03/2011 - 09:56 | 1129617 Bob
Bob's picture

We couldn't see the destination placard, but in this universe she actually got on the bus, never to return. 

Sat, 04/02/2011 - 21:22 | 1128950 Dan The Man
Dan The Man's picture

-----  i guess that's why the world's capital is moving to china.

---If these banksters resided in beijing, they'd have been executed a while ago.  

Sat, 04/02/2011 - 23:40 | 1129145 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

Jews don't like chop suey, not kosher.

Sun, 04/03/2011 - 08:11 | 1129533 Hedge Jobs
Hedge Jobs's picture

sure were / are a hell of a lot of jews in key financial positions as the shit went down. They are synonymous with fraud and banking crime.....always have been so this is not a surprise.

What is frightening is the key positions jews hold in US universities where they continue to poision young minds with this sick economic ideology.

Sun, 04/03/2011 - 08:50 | 1129561 MSimon
MSimon's picture

The answer is Sharia Banking. We will not only get the money under control but the women as well.

Sun, 04/03/2011 - 09:27 | 1129592 Savyindallas
Savyindallas's picture

I'm very serious-- Shariah banking run by the taliban would be far less dangerous to Americans than the current finanacial terrorists who are plundering this country  -protected by their media, crooked, worthless politicians, and far too many American sheeple with their heads buried far up their asses.

Sun, 04/03/2011 - 10:43 | 1129659 TIMMAYYY
TIMMAYYY's picture

when queen elizabeth ruled england she defeated the banksters...

her token prophet was Shakespeare

anyone read merchant of venice? he knew the troubles of interest banking.



Sun, 04/03/2011 - 13:59 | 1129970 dogismyth
dogismyth's picture

do you understand who Q of E (QE) is??  Her lineage???  Get a clue please

Sun, 04/03/2011 - 14:35 | 1130071 Blankman
Blankman's picture



I still trying to figure out what the hell shakespeare was saying.  Reads like chinese

Sun, 04/03/2011 - 11:20 | 1129697 tsx500
tsx500's picture

".... American sheeple with their heads buried far up their asses. "                       how DARE you insult my fellow Americans like that !     by the way, does anyone know  who got kicked off American Idol this week ? 

Sun, 04/03/2011 - 11:21 | 1129700 tsx500
tsx500's picture

".... American sheeple with their heads buried far up their asses. "                       how DARE you insult my fellow Americans like that !     by the way, does anyone know  who got kicked off American Idol this week ? 

Sun, 04/03/2011 - 21:07 | 1130917 lynnybee
lynnybee's picture

Shariah banking does not believe in "usery" .......... unlike the Anglo/American banking (fraud) model of gouging people for every last cent they can extract out of a person, like those 29% credit card rates or getting all our young people in debt up to their eyeballs or mortage fraud .     Something tells me that there aren't a lot of Jewish people in Shariah banking.    yes, junk me for the truth ........ please do .

Sun, 04/03/2011 - 00:03 | 1129177 markmotive
markmotive's picture

...also why prices are skyrocketing around the world.

Unintended consequences. Here's Peter Schiff on inflation and the toilet paper dollar:

Sun, 04/03/2011 - 05:13 | 1129437 Hedge Jobs
Hedge Jobs's picture

"the toilet paper dollar" couldn't thave said it better myself!

Sun, 04/03/2011 - 01:05 | 1129258 Ras Bongo
Ras Bongo's picture

What the fuck are we waiting for?

One sniper shot and one bullet well placed. That's it. No more of it.

Sun, 04/03/2011 - 02:36 | 1129354 i-dog
i-dog's picture

How little you understand!

Sun, 04/03/2011 - 08:52 | 1129566 MSimon
MSimon's picture

It is not a person. It is a system.

Sun, 04/03/2011 - 13:26 | 1129908 Abitdodgie
Abitdodgie's picture

100 oz of gold and consider it done. You name the person . 

Sun, 04/03/2011 - 13:46 | 1129940 chumbawamba
chumbawamba's picture

That's a bargain.

Here he is:

Sat, 04/02/2011 - 21:25 | 1128954 indio007
indio007's picture

Inside Job is also here along with other mind blowing documentaries. I recommend Human Resources.

Sat, 04/02/2011 - 22:23 | 1129056 rookie
rookie's picture

I just watched Battle of Chernobyl on that website.  Everyone should watch it.

Sun, 04/03/2011 - 04:54 | 1129425 Sathington Willougby
Sathington Willougby's picture

link it then

Sun, 04/03/2011 - 10:35 | 1129651 snowball777
snowball777's picture

google it, lazy MF

Sun, 04/03/2011 - 10:12 | 1129629 Bob
Bob's picture

The Corporation is a few years old, but it is a must see:

After that, for a thoughtful bit of comedic social activism, take a look at The Yes Men:  (unfortunately, I can find only the trailer to the first movie at youtube, though their second movie, TYM Fix The World is there.)  These guys are real world pranksters who took Dow's stock down an aggregate of several billion dollars in a single day . . . and their first movie deals extremely well with the IMF and WTO. 


Sun, 04/03/2011 - 17:18 | 1130397 Papi_Al-Mahdi
Sat, 04/02/2011 - 21:27 | 1128959 TheObsoleteMan
TheObsoleteMan's picture

I have a book by the same title, but by a differant author, and about the OTHER Inside Job. Remember the S&L "crisis" from around twenty years ago? Same M.O. Same results {taxpayer bailout}. I have always thought the S&L scandel was a trial baloon for what has happend today. They figured if they could get away with it then on a smaller scale, they could just do it on a much grandeur scale a little later on. They were correct.

Sat, 04/02/2011 - 22:27 | 1129057 Joseph Jones
Joseph Jones's picture

Wrong!  Different result: President (rapist, mass murderer same as all presidents) Clinton imprisoned 1100 S&L criminals...this time, 1000x worse, none in prison.  

Sun, 04/03/2011 - 09:33 | 1129599 Savyindallas
Savyindallas's picture

Yeah -but these were largely texas christian boys. The result was that all the big Texas banks failed and their assets taken over by the Big Boys in new york. Has anyone ever gone after the Wall Street crowd in a big way? Doesn't appear itt's going to happen this time. Obama is in their back pocket, as is most of Congress. American sheep have their heads buried up their asses.

Sat, 04/02/2011 - 22:49 | 1129095 Pepe
Pepe's picture

Agree. and not done yet. They are coming for a third round

Sun, 04/03/2011 - 02:49 | 1129315 old naughty
old naughty's picture

OMG, 2nd: 1000X1100=? [I am a CFA - can't fxxking add]

3rd: ??? ?????????? ?????????? ??????????

Where will they put them? Perhaps help pour concrete in Fxk-u-island?

Will there be a 4th...

Sun, 04/03/2011 - 09:43 | 1129607 Savyindallas
Savyindallas's picture

They also got away with the nasdaq bubble, 9/11, the war on iraq based on lies and phony WMDs - seriously, they believe they can get away with anything. I always thought that pushing partial birth abortion (something that would get you 10 years in jail if you did it to a dog) was just the elites f@cking with us. I am totally convinced that with their orwellian system of mind control, that in a six month campaign, they could have more than half the people believing it is perfectly acceptable to eat their young.

Sat, 04/02/2011 - 21:33 | 1128972 silvertrain
silvertrain's picture

Do you see how they deal people trying to clean shit up like Brooksley Born form the CFTC? And people think that Bart Chilton is on there side? Give me a fuckin break...

I will 2nd the fact that people need to spare some change and buy a hard copy.. Like Tyler said, we love some free shit, but when its "same team" you gotta ante up...

Sat, 04/02/2011 - 22:13 | 1129032 bankrupt JPM bu...
bankrupt JPM buy silver's picture

If you were a member of the CFTC, and a gun was put to your head, would you vote in favor of position limits?  I doubt it.  You have no clue what you are talking about in regards to Bart.  The others can go fuck their hats, but leave Bartsky alone for now.

Sun, 04/03/2011 - 01:55 | 1129321 old naughty
old naughty's picture

Jack Benny: "I am thinking...I am thinking..."

Sun, 04/03/2011 - 10:13 | 1129630 silvertrain
silvertrain's picture

I like your site sgs and respect your work, which I read often..In this case we will have to agree to disagree..

Sun, 04/03/2011 - 09:32 | 1129595 unky
unky's picture

no, dont buy the DVD, instead u donate directly to the author and watch for free. if u buy the DVD 99% of the money goes to other people

Sun, 04/03/2011 - 10:10 | 1129627 silvertrain
silvertrain's picture

Point taken, donation then..

Sun, 04/03/2011 - 16:50 | 1130359 In Fed We Trust
In Fed We Trust's picture

Even the name is misleading.

"Inside Job" is better fit for a movie about 911.

A better name describing a Wall St movie would be like,

"The Big Short" or "We Crashed It Good" or "Same time, same place next year."

"Inside Job" is the understatment of the year.

"Inside the Cartel" would even be better.



Sat, 04/02/2011 - 21:32 | 1128973 surfsup
surfsup's picture

A study of how the nervous system of the depraved cave them from within.  Deception leads to an instability which becomes outwardly apparent.  Watch them twitch and ask yourself if they really got away with it. Nature doesn't think so and She rewards accordingly.  Money sure is expensive with side effects like that.

Sun, 04/03/2011 - 10:39 | 1129656 snowball777
Sat, 04/02/2011 - 21:37 | 1128978 Misstrial
Misstrial's picture

After seeing the film twice, I bought the dvd on amazon.

As you can can watch on this film, Bill Ackman, Roubini, and others had no problem seeing the blow-up develop in advance. Puts the pols to shame.

Best graphics of CDS and MBS I've seen. A work well worth supporting.


Sat, 04/02/2011 - 21:38 | 1128979 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Seen it. Learnt nothing i didn't already know. They will get away with this 'financial inside job', just like the powers that be have gotten away with the '9/11 inside job'.

It takes people to be 'awake' and actually care about their lives and the lives of humanity to put a stop to this obvious madness...

... i gave up hope on that happening a long time ago.

"I think we're being run by maniacs for maniacal ends" - John Lennon

Unfortunately, the elite and myself agree on one thing, there needs to be a lot of culling of human trash, they served their purpose in this ponzi-scheme, now they need to go, so i've got more leg room.

Sat, 04/02/2011 - 21:48 | 1129002 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

I really think that the 'flag as junk' feature should be replaced with a 'Nominate to be Tyler' button.

Whoever has the most popular opinion gets to be Tyler for the next day, the one who aggregates and publishes the more important stories.


Sun, 04/03/2011 - 01:57 | 1129323 old naughty
old naughty's picture

You get my vote for suggesting the button.

Sat, 04/02/2011 - 23:07 | 1129120 The Rock
The Rock's picture


Many inside jobs indeed!

Sun, 04/03/2011 - 00:00 | 1129174 Dave Thomas
Dave Thomas's picture

A lot of culling of human trash, right. You know Bill would have used that as a warning. Somehow I think you've lost the point. Change your avatar boy. You just got a dee minus. 



Sun, 04/03/2011 - 00:24 | 1129206 Ham Wallet
Ham Wallet's picture

"Seen it. Learnt nothing i didn't already know. "

Yeah, reading zerohedge every day kinda takes the oompf out of this documentary.  Like you already know Bruce Willis is dead while watching 'The 6th Sense'.  


This was my 1st time seeing it, kinda thought it was boring. 

Sat, 04/02/2011 - 21:40 | 1128983 ncdirtdigger
ncdirtdigger's picture

I enjoyed the doc. but more importantly, my spouse (the 'reality' show fan) did as well. Now she realizes I'm not alone in my condemnation of the banksters.

Sun, 04/03/2011 - 01:23 | 1129277 serotonindumptruck
serotonindumptruck's picture

"It's hardly sink or swim...when all is well if the ticket sells." --- closing credits "Inside Job"

Trying to find this song on YouTube. No luck so far. Any help out there?

Sun, 04/03/2011 - 02:44 | 1129363 i-dog
i-dog's picture

MGMT ... 'Congratulations'

You haven't heard of Google yet?!

Sun, 04/03/2011 - 10:45 | 1129660 TIMMAYYY
TIMMAYYY's picture

google is deleting history and writing it itself...



Sat, 04/02/2011 - 21:39 | 1128987 augie
augie's picture

This movie came up in my finance class. Some 20 year old blond explained that "she'd seen it and like there was to much talking." This is a fucking person who has been alive for twenty YEARS. The government has been frontrunning stupidity for the past ten Generations, THEY KNOW HOW DUMB WE ARE..... shit the tin foil hat just fell off my head.

Sat, 04/02/2011 - 21:43 | 1128992 10044
10044's picture

This film was made for the fans of "American Idol" and "Dancing with the stars" not the zerohedge community. Regardless it's a great film and kudos to Ferguson for exposing the corrupt politicians and psycho bankers

Sat, 04/02/2011 - 21:43 | 1128993 Subprime JD
Subprime JD's picture

Alan Greedscam is such a fucking crook. May he burn in hell forever

Sat, 04/02/2011 - 22:23 | 1129052 Joseph Jones
Joseph Jones's picture

Alan's an atheist.  It didn't stop him from swearing the oath of his office with his hand on the Talmud.  This must have been amuzing to Ayn Rand, who was in the audience at the time, as was then-President Ford.  Love those rascally Rebbes!   

Sun, 04/03/2011 - 16:03 | 1130244 Ruffcut
Ruffcut's picture

greedscum is a satanist, if anything. But really more of a puppet, like many before and after him.

Sat, 04/02/2011 - 22:07 | 1129025 ohbythebay
ohbythebay's picture

WHAT really pisses me off is we are making the material for INSIDE JOB II - The Final Apocalypse

And no one cars (I like the comment about th 20 year old blond ) ...Its the water I tell ya ..the water...Prozac courtesy of Ben B and the Goldman boyz

Sat, 04/02/2011 - 22:15 | 1129038 Bolweevil
Bolweevil's picture

bought it

Sat, 04/02/2011 - 22:29 | 1129065 tek77blu
tek77blu's picture

well, i think gold, silver, and commodity investors can't be anything but grateful for the stupidy and lack of foresight by many of these leaders.

It makes things like this possible:

Sat, 04/02/2011 - 22:30 | 1129070 Missing_Link
Missing_Link's picture

Terrific movie.  2 thumbs up.

Sat, 04/02/2011 - 22:51 | 1129097 augie
augie's picture

Well, he is obviously thinking gold, silver, and commodity investors can't be anything but grateful for the stupidy and lack of foresight by many of these leaders.

Sat, 04/02/2011 - 22:31 | 1129073 TheObsoleteMan
TheObsoleteMan's picture

Mass kulling? Not that bad. Refer back to the arrival of the trains at Auschwitz: As the people got off the train, they were assessed by a "selection officer". As long as you were deemed to be useful and productive, you lived and served your captors. If you were too old, sick, mentally ill, handicapped, etc, you were immediately "kulled". In the brave new world, scarce resources will not be wasted on the unproductive. Welcome to the new Reich.

Sat, 04/02/2011 - 22:52 | 1129100 augie
augie's picture

and thats why you're obsolte man because you would rather serve than die.

Sat, 04/02/2011 - 22:32 | 1129074 Dr. Engali
Dr. Engali's picture

I have a hard time swallowing this when 25 minutes into it Barney Frank and Elliot Spitzer are portrayed as white Knights. They were both just as dirty as the rest of them. I'll keep my money if there is no intellectual honesty.

Sat, 04/02/2011 - 22:35 | 1129075 cheesewizz
cheesewizz's picture

 I watched 26 minutes and turned it off, I Could not stand it. We all know how things have been playing out for years, But we do nothing. In truth, What are we suppose to do? I'm all ears, Tell me what we do!

 Do we boycott banks,Stop paying taxes, Go on strike, Take to the streets? You can't vote in a decent politician because they don't have 100 million dollars to run a campaign, Or the media quickly debunks him/her as a left wing liberal that will end us all. 

Just forgetaboutit and let nature take care of us all when shes good and ready...

Sun, 04/03/2011 - 01:23 | 1129292 serotonindumptruck
serotonindumptruck's picture

"You have three more minutes, sir. Give it your best shot!" -- Glenn Hubbard


Sun, 04/03/2011 - 06:47 | 1129487 Drag Racer
Drag Racer's picture

and right after he said that he looks at the camera out of the corner of his eye. the fear shows, the veil is lifted. money is all they have and if you put them in a position where their money can not control the situation they are powerless. they are completely worthless in the true scope of things.

Sun, 04/03/2011 - 13:18 | 1129893 A_MacLaren
A_MacLaren's picture

...I'm all ears, Tell me what we do!


Do we boycott banks,Stop paying taxes, Go on strike, Take to the streets? You can't vote in a decent politician because they don't have 100 million dollars to run a campaign, Or the media quickly debunks him/her as a left wing liberal that will end us all.

Some are trying to rally the couch potatoes.  Will you join them or will you be an Internet whiner?

Prepare For Revolution: The Empire State Rebellion Begins on June 14th

There is also a graphic containing code that reveals June 14th as the launch date for whatever it is they have planned. June 14th is a significant day in American history. It was the day the Revolutionary army was formed and it is the known as Flag Day.


So on this Flag Day, as we once again confront tyranny, let’s all stand up for ourselves in a decentralized manner and launch our own revolt. We've been talking with several organizations about turning the “Empire State Rebellion” into a reality by organizing a peaceful mass demonstration throughout New York’s Financial District – from Wall Street to the NY Federal Reserve, to the corporate offices of the six big banks and the ratings agencies. On June 14th, we will launch a massive display of non-violent force with this list of demands: End the “campaign finance and lobbying racket,” “break up the banks,” “enforce RICO laws” against the “organized criminal class,” and order “Ben Bernanke to step down.”

June 14th will also be a day when people who haven’t already moved their money out of the big banks finally withdraw their funds. The silver movement will have a “Buy Silver Day.” There will be many different actions from many different people.

Sun, 04/03/2011 - 16:55 | 1130369 In Fed We Trust
In Fed We Trust's picture

That would be a good start. Boycott banks and dont pay taxes. Spread the word. Dont vote. Spread the word.

Sun, 04/03/2011 - 20:16 | 1130798 victor82
victor82's picture

Ah, but move past the whole left/right thing. 

One of the things that HopeNChange proved beyond the shadow of doubt is that the Left was bought by the Banksters. Thirty Pieces of Silver, baby. The Left wanted their National Health Care monster, and the Banksters let them play with it, as long as they could continue the looting.

Same deal the German Industrialists made with the Fuhrer. What the Banksters know is that even the most principled ideologues will sell out for money.

Get past the L/R paradigm. That's the Bankster's three card monte game.

Sat, 04/02/2011 - 23:38 | 1129144 agrotera
agrotera's picture

In case you are reading Charles--thank you for this great gift of reporting....

I would ask you to please consider  next, a project that illustrates the dollar cost of having this private company (the federal reserve) insist (via mouth pieces and supported by legislation and a whole academic system, bought and paid for as an expense to us all) that we had to publicly pay for the failings of these entities--one estimate is $30,000 for every man, woman and child in today's money--when this is compounded and held as a responsibility of the taxpayer for generations, what is this number? How can this EVEN be tolerated? What about a claw back and redo? 

Just a few extrapolations like this might actually get people thinking we need a new way, and not a privately owned central bank, to coin and circulate our money.

Also, might want to throw in the fact that the President's Working Group has become an excuse to make a playbook for all the big players making all the rest of us market participants sucker patsies. 

Sun, 04/03/2011 - 08:49 | 1129565 augie
augie's picture



I would add 50% of America pays taxes. and perhaps those making over 250k 3% or something, could forgo their share of that 30k. Thats more than 60,000.00 to each family. They mean to tell me if we gave every family making less than 250k a year 60,000.00 that wouldn't stimulate consumer growth, education, and job growth? Not everyone would spend it on hookers and blow.. Not that i have any data that supports that claim, in fact plenty that refutes it. But if we have all given up on humanity, what the fuck are we doing here?

Sun, 04/03/2011 - 13:03 | 1129874 MSimon
MSimon's picture

If $60,000 will stimulate consumer growth  think how much $120,000 would do. Better yet we could really get stuff moving with $1,000,000. And $1,000,000,000? Nirvana.


The problem with you is that you don't think big enough.

Sun, 04/03/2011 - 19:00 | 1130618 augie
augie's picture

thats what she said?

Sun, 04/03/2011 - 21:39 | 1130984 agrotera
agrotera's picture

TARP is just a red herring--the real price tag on US debt is 23 trillion and counting in promises and guarantees (see ) and this number is two years old.

I believe we might have averted world powers threatening our country for the fraud that AAA garbage caused, and as a result, our country had to do some things to make good on the damage that AAA lies causes, but to not also put in jail the culprits is beyond comprehension except that we have learned that our government is run by the privately held Federal Reserve interests.

Anyhow, it is my belief that we should be able to sue the government, no revolution needed, but sue the government for malpractice or lack of proper fiduciary duty  for passing out money to entities that conveyed fraud...and the money should be clawed back...

23 trillion dollars, divided by our population of 310,000,000 is apx $74,000 per person....even if the new transparency SHUTS DOWN THE FED, that is not enough,  the heist has happened and unless the whole thing is revisited with forensic  accounting, calling into question the public officiials who lobbied for TARP instead of calling for a treasury facility to UNWIND the bankrupt corrupt system, we won't get back our "currency" that is, our integrity as a country...we need our money back, to protect our country's national security, and we need to name the crime that was the bailout of the so called toobigtofail banks.

It is time for our country to do the right thing to secure our future as a righteous nation instead of what  we have become now, a banana republic because our legislature legalizes laws that should be illegal and mortgages the future of our chance for security and prosperity.

There  would have been no shame to do something for the other nations that were damaged by the crooks packaging and selling AAA garbage, then to UNWIND the defunk corrupt entities that had leveraged themselves out of business.....if we had  done this, the pieces of this monopoly could have been broken up and sold which would have strengthened community banks instead of making the private federal reserve system's largest agents larger and more powerful.

Additionally, the President's working group runs capital markets.  I wonder how many every day people would keep their money in a brokerage account if they knew that the President's Working group managed the direction of all market trends, and that this group has some of the largest hedge fund operators as members?

Sat, 04/02/2011 - 23:42 | 1129150 I am Jobe
I am Jobe's picture

hang the bitchez I say. Get er done.

Sat, 04/02/2011 - 23:44 | 1129151 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

Isn't there a country we can invade? We need a distraction right about now.

By the way, notice how Summers can look straight into your face and lie? That is the same look Bernake gives you when he says he is not printing money.

Sun, 04/03/2011 - 00:28 | 1129209 I am Jobe
I am Jobe's picture

How about the other bittchez in the admininistration including Greenspan and others. Time to chop some heads.

Sun, 04/03/2011 - 02:37 | 1129356 Dugald
Dugald's picture

Have you built your Guillotine and are you willing to lead? I thought not!

Sat, 04/02/2011 - 23:50 | 1129157 Caviar Emptor
Caviar Emptor's picture

One key insight that only got brief coverage in the movie: FT's Martin Wolf saying that there was, in fact, a Global Ponzi scheme within the network of large Western banks. 

I emphasize this because the global dimension is a largely unrecognized facet of how bankers have cooked books and made phony profits by simply buying each other's paper. 

Today the financial services sector of most Western economies has not been downsized and is disproportionately large. That fact alone will lead to the next economic disaster because the sector needs to generate huge amounts of profits to maintain itself. 

Bankers will inevitably need to resort to a pyramid scheme in order to avoid becoming irrelevant and in order to bonus themselves in the manner to which they've become accustomed. 

Sat, 04/02/2011 - 23:56 | 1129169 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

God forbid they stop paying prostitutes or snorting cocaine.

Sat, 04/02/2011 - 23:56 | 1129171 Caviar Emptor
Caviar Emptor's picture

Guess that's what was missing in Iceland 

Sun, 04/03/2011 - 00:06 | 1129179 agrotera
agrotera's picture

I was busy telling someone how Elliott Spitzer was my hopeful for President right before he was taken down---

Imagine if instead of Obama, we had Eliott Spitzer as president elect in the fall of 2008 or a non-castrated ES even after the scandals surrounding the Bear Stearns deal...

I wasn't against doing SOMETHING to save our country from the wrath of the world for having been sold AAA fraudulent CRAM, but i am against being lied to by hank&ben, and being told there is no way to unwind LEH,MER, C, GS, MS and the rest of the bang (even though one day in front of congress with a request for support and a treasury facility to unwind this monopoly that just went bust)--but instead, we get three weeks of lobby lying to get TARP and this was just the start of unbridled stealing from the future of the US citizenry....with that, captured legeslators legalizing what should be criminal, we turned into a banana republic, and when a country loses it's integrity it loses belief in it's currency--currency is a reflection of  integrity (or lack of).


Sun, 04/03/2011 - 20:24 | 1130814 victor82
victor82's picture

People, do you realize how much protection Goldman and Citi PAID to Obama and the Democrats?

What do you mean "Elliot Spitzer"? Do you all think they would let their investment in Chicago Jesus go to waste? That's good Bankster's money there!

Of course, once Obama's usefulness is over, the Looters will have to look for some sad sack Republican standard bearer to get behind. 

Same same same same....

As long as we have Bananaland Law in this country, there's now way we would have Pecora Hearings or anything like them, and no Bankster, other than the Patsy, Bernie Madoff, would ever see the inside of so much as the U.S. Attorney's Office for the Southern District of New York.

Sun, 04/03/2011 - 01:06 | 1129263 wisefool
wisefool's picture

If you have ever observed a former prostitute, you would want the ponzi to continue, just to keep them out of casual upscale restraunts laboring to make some dude not buy them both desert.

Kinda like TARP money intermingled with QE money. Too sickly sweet. Taxpayers ended up "making money" on the deal.

Sun, 04/03/2011 - 01:32 | 1129305 serotonindumptruck
serotonindumptruck's picture

"...a former prostitute..."

Is that an oxymoron?

Sun, 04/03/2011 - 13:51 | 1129953 Unlawful Justice
Unlawful Justice's picture

Look on the back the of the dollar and see a pyramid with the Un-capped all seeing eye of elitist.  

Latin below the pyramid, NOVUS ORDO SECLORUM, means "a new order".  The phrase also appears on the coats of

Yale school of management and is often mistranslated as "New World Order".

Sun, 04/03/2011 - 00:17 | 1129185 Escapeclaws
Escapeclaws's picture

I was struck by what lowlifes all of these financial movers and shakers are. They must make some kind of private deal with the devil in the depths of their heart. They don't even lie well. Of course that's what were supposed to think as the film seemed to concentrate on the low level of personal integrity of all of these bigwigs, and as the interview with Charlie Rose showed, Ferguson had to softpedal their evil to avoid having viewers thinking he was on a vendetta. They are just as dirty as the mob. Strangely, the only one to emerge with his integrity intact was Elliot Spitzer. William Buiter was also impressive.

Sun, 04/03/2011 - 00:36 | 1129220 Caviar Emptor
Caviar Emptor's picture

That's the secret to any mafia: to be in it requires absolute loyalty to the other members, a belief that the cause is just and is more important than anything that can happen in the outside world or even in personal life. So you get the wall of silence. 

Sun, 04/03/2011 - 00:09 | 1129188 nah
nah's picture

me likey

Sun, 04/03/2011 - 00:12 | 1129191 Oh regional Indian
Oh regional Indian's picture

To take a cue from another article here (The Matrix referencing one), this movie, as is usual in the western mind, looks at the symptoms while leaving the cause well enough alone. Like western medicine, we will neutralize your pain, get you on your feet again...

The true cause effect mechanism at play is too vast, too vast even for most intelligent, eyes half open people on this site. With one hand jabbing buttons trying to please the Mammon goddess, you cannot wake up. if you do, resulting cog diss will make you jibber jabber like judge judy recently.

There is no such thing as half awake, you are still half asleep. Not good enough. Examine every aspect, not just the ones where it is easy enough to throw 20 bucks or spend 40 minutes in front of a movie.

Religion, society, culture, finance, governance, education, on and on and on....

Tis a wabbit hole Alice and the only way in is to dive...


Sun, 04/03/2011 - 01:10 | 1129264 Rick64
Rick64's picture

as is usual in the western mind, looks at the symptoms while leaving the cause well enough alone. Like western medicine, we will neutralize your pain, get you on your feet again...

 +100  Couldn't agree more.

Sun, 04/03/2011 - 02:42 | 1129361 old naughty
old naughty's picture

Half awake...Not good enough!

Well said, ORI.

Sun, 04/03/2011 - 03:01 | 1129371 i-dog
i-dog's picture

"Tis a wabbit hole Alice and the only way in is to dive..."


Sun, 04/03/2011 - 00:13 | 1129195 agrotera
agrotera's picture


In our country public officials have general immunity BUT, if a public official in a position to act as a fidiciary to the citizens of the United States, was self dealing instead of performing a role as public fiduciary and these acts weakened our country since our financial strength also equates to our national security, wouldn't this be a reason to consider action against this (these) official (s)?

Sun, 04/03/2011 - 00:20 | 1129198 Steve Evets
Steve Evets's picture

Any explanation of the Financial Crisis that is summed up by 'banker greed did this, and if we had more regulation none of this would have happened' falls short of being an explanation. In fact, that isn't an explanation of what caused our boom/bust, just a description of the inner workings of it all. It is like explaining a car crash by focusing on the intricacies of internal combustion. That's what Inside Job does, and very well I might add. What it doesn't do though, is mention that the driver tried to make a 45 degree turn at 100mph after going through a red light. There is no mention of terrible monetary policy, parabolic credit expansion etc and no discussion and application of hte economics involved.

That is the underlying issue, the real root. Unfortunately this film does not address it. As a result, it does nothing more than compel us to deal with the symptoms, leaving the disease to remain. In that context, its a great film.

Sun, 04/03/2011 - 00:18 | 1129199 agrotera
agrotera's picture




Treason against the United States, shall consist only in levying war against them, or in adhering to their enemies, giving them aid and comfort. No person shall be convicted of treason unless on the testimony of two witnesses to the same overt act, or on confession in open court.

The Congress shall have power to declare the punishment of treason, but no attainder of treason shall work corruption of blood, or forfeiture except during the life of the person attainted.

Sun, 04/03/2011 - 05:51 | 1129459 bjennings
bjennings's picture

I don't think anyone here is suggesting levying war against the United States.  I think they are suggesting levying war in defense of the United States.

Sun, 04/03/2011 - 14:19 | 1130028 agrotera
agrotera's picture

bjennings, let me clarify...

Our country needs financial security to have national security...

if certain people in power were to lobby to the country that we had to GIVE money to prevent the end of the world as we know it, and it turns out that that money was used to save failed entities and that these people go as far as getting a puppet legislature to pass a law to support this perpetuation of fraud, it seems to me that this put our national security in jeapordy...and that seems to be addressed in Article 3, Section 3 addresses.

Sun, 04/03/2011 - 00:35 | 1129216 Miss anthrope
Miss anthrope's picture

Thank you so much for the movie.



Sun, 04/03/2011 - 00:44 | 1129227 cbxer55
cbxer55's picture

Passed this on to my father, who has an e-mail list second-to-none.

I hope he takes the hour and 49 minutes and watches this, as I just did.

Sun, 04/03/2011 - 00:43 | 1129229 Cammy Le Flage
Cammy Le Flage's picture

I could stand it. Forget the obvious thievery. A lot of those mother fuckers are gay and not admitting it. God its the gay thing again. Just be gay fucktards. Don't fight it. Not admitting you are gay when you are creates problems. Obviously this truth is getting bigger. Ten bucks none of you can guess the gayest not admitting it interviewee.

Sun, 04/03/2011 - 00:50 | 1129238 Caviar Emptor
Caviar Emptor's picture

All 5 Presidents 

Sun, 04/03/2011 - 13:10 | 1129886 MSimon
MSimon's picture

John Holmes?

Sun, 04/03/2011 - 00:47 | 1129232 Caviar Emptor
Caviar Emptor's picture

In the US citizens have forgotten that life under mafia rule is usually the norm. Without the 'justice' cornerstone of government action, every guy who charges you a monthly fee just so you can operate your business safely is just considered a businessman and just a part of "the way things are". Skimming money from people who work and from productive businesses is considered necessary to avoid "chaos". 

The financial sector is currently operating under mafia rules. They are above the concept of "justice" and operate under their own set of rules. And they skim from taxpayers and the productive economy

Sun, 04/03/2011 - 08:34 | 1129553 benburnyanki
benburnyanki's picture

Love it Cavier Matey, you hit nail on head.

FUUUUUUK THE FED and you fix everything.

It like giving 20 year old blondes prozac so they send their checks to the Fed and fagetaboutit

Do not make medicine that fix problem, only make her feel good for few mo hours till she pay for next pill...

All that money for cancer research and they can't even fix half the world population to stop women bleeding for a week every three weeks.

De-Evolution is more money selling cotexes to stuff up bleeding asses. Hell we could not have Tampax go bankrupt. Its too big to fail....


Sun, 04/03/2011 - 00:48 | 1129237 TaxSlave
TaxSlave's picture

The movie completely ignores the elephant turd in the middle of the room, desperately trying to distract attention from it by beating the bloated carcass of class envy.

Is it anti-fascist propaganda put out by socialists, or anti-socialist propaganda put out by fascists?  The movie practically begs for a proper Hitler or Stalin to come along and throw them all in jail, plunder all the wealth of the rich for the benefit of the common man, dictate terms of trade, and let's not forget the fate of the academics when the thugs take over.

The implication is that a better class of criminals with more power will do better.  No thanks.  That's the formula that has failed every single time it's been tried, and it's been tried over and over again throughout history.  It just failed.  It will again.  Worse and worse each time until the empire collapses.

It is too late for this ploy to work.  The cat is out of the bag.  The movie is pushing a Dominant Social Theme that has been thoroughly discredited, in order to cover up the Big Lie.  That theme is, "We need a central bank to print money and plan the economy, because, because .... well just because".  This movie is a smokescreen to get the masses angry at the atavistic and avaricious players who cashed in, who are but pawns in the game.  This is the elite pushing them off the balcony into the angry crowd below.  They can always find more.  What they do not want anyone to discover is the big, fat, stinking elephant turd.  It's too late, millions upon millions of people are discovering the truth about paper money and are living its effects.  This time, we have the internet.  We have punctured the Big Lie.  The red herring will not distract us.

As long as there's a player in the game that can print money, you get the same result.  Every time.  And no, we're not going to go running and pleading to the bank-owned government that denies us property rights and fucks us out of our future to save us from the bankers that own them.  That would be insane.


Sun, 04/03/2011 - 01:49 | 1129314 serotonindumptruck
serotonindumptruck's picture

Holy shit. Your post is so depressing that it makes me want to go shoot myself in the head.

On second thought, how about I prepare for Civil War II in America? How about I pick up a weapon...and get ready to mete out some well-deserved justice to these sick, twisted bankster fucks who have destroyed the American Dream?

Sun, 04/03/2011 - 02:53 | 1129367 Creepy Lurker
Creepy Lurker's picture

Vote from the rooftops, bitchez.

Sun, 04/03/2011 - 03:08 | 1129374 StychoKiller
StychoKiller's picture

Watcha waitin' fer?

Sun, 04/03/2011 - 03:10 | 1129375 i-dog
i-dog's picture

"Your post is so depressing that it makes me want to go shoot myself in the head."

If that is your only reaction to hearing the truth, then go ahead ... please?!

"How about I pick up a weapon...and get ready to mete out some well-deserved justice to these sick, twisted bankster fucks who have destroyed the American Dream?"

That's what the film would like you to do ... TaxSlave's post is saying something else.

Sun, 04/03/2011 - 17:04 | 1130384 In Fed We Trust
In Fed We Trust's picture


Sun, 04/03/2011 - 22:10 | 1130922 JR
JR's picture

Excellent points but I have a difference conclusion.

The main attitude people take away from the movie is: Let’s get these crooks in jail. It doesn’t necessarily follow that people believe the system is okay.  

I would like to see Paulson put in jail; I would like to see Blankfein’s empire disassembled.  Yes, these are symptoms of the banker criminal culture but to treat the symptoms is certainly not wrong. It means the American people at last are responding to the excesses of these bankers.

Of course, these criminals still are free to walk around because of the Big Elephant in the Room, and of course, the problems with America’s (and now the world’s) financial travesty will not be solved until the Fed cartel is eliminated; its ability to print money for its friends to destroy their competition and the honest businessman, trader and American citizen is the reason we have the Paulsons and the Blankfeins

I say if Americans are ready to clamp down on these guys – the symptoms—I say let’s get started.  Because it won’t then be long before Americans start to ask: How did these people get where they are?

And the answer is, The Federal Reserve System.

The worst you can do, IMO, is to say: You know what, the problem is the Fed, not necessarily these guys, and we just can’t do anything until we get the Fed.  Instead, we need to say:  Let’s get these guys in jail and then let’s talk about how they were they able to do this.   As Ferguson said: Nobody has gone to jail! It’s time to change that.

Sun, 04/03/2011 - 22:13 | 1131068 TaxSlave
TaxSlave's picture

Yes, burn them at the stake.  But the movie promotes more of the same as a solution to the problem and ignores the source of the problem.  That's my complaint with it.  Another batch can easily be found for the right price.

Still, if it wakes people up, that's a good thing as far as it goes.

Sun, 04/03/2011 - 02:56 | 1129290 Zero Govt
Zero Govt's picture

this film is absolute crap... let's quickly recap:

banking - failed

accountancy - failed

credit ratings agencies - failed

Govt financial oversight - failed

regulations and regulators - failed

easy money (source: central banking) - failed

out of this long list of total failures Charles Ferguson picks out one clear failure, regulators/regulations, and tries lamely to underscore his entire film with the premise that if only we'd had better regulators, tougher regulations and wiser Govt over-sight/control of banking none of this would have ever happened. Absolute fuking bullshit Mr Ferguson

Regulation has already failed all systemic risk tests in every country in the world a hundred times over so Fergusons premise for "more of the same" needs to be added to the above list of failures (ie. non-performing problem solvers)

You cannot rest wisdom and knowledge in any one (monopoly) body. They always fail. Mr Ferguson needs to understand accountancy and auditing was supposed to protect investors. But that failed. How about Credit Ratings Agencies? They failed. How about Fergusons beloved regulators? They failed. And the biggest rule-maker of all, Govt. Yes that sack of crap also failed. Has the penny not dropped for Mr Ferguson yet???

We have one 'safety' system (accountancy), then add another 'safety' system (regulation), then add another (CRA's) and of course yet another (central banking) and then the biggest of all, Government financial over-sight. How many systems do you want (to fail) Mr Ferguson before you see the light that no 'safety' system works, has ever worked or will ever work. Period

Ferguson purports Iceland was "unfettered" capitalism. But he then recites 30% of Icelands regulators (ie. not unfettered at all but regulated) went to work for the banks! So yet again we entrust a body with wisdom and surprise surprise, it gets corrupted, cronied and run rings round by the parasites (see the SEC on Wall Street, see the FSA in London, see the ECB in Brussels etc, etc, etc).

This is why no system, no one body and no one person (inc Ferguson) is wise enough to be entrusted with over-sight. The only system that works is the free market (ie. unfettered by regulation). Because you cannot stop high risk activity and you cannot stop corruption. But the free market is the most efficient and effective regulator of all time at stopping the spread of dodgy business practise.

The list above proves beyond all reasonable doubt that every man-made 'safety' system, from accountancy to regulators, has failed every time. It is not unfettered (free market) systems that fail but fettered (central control rule based) systems

Sun, 04/03/2011 - 03:16 | 1129376 i-dog
i-dog's picture


Central planners never learn.

And, unfortunately, "the public" will certainly never learn to stop relying on central planners. It all started when they elected their first tribal chief to make decisions for them.

Sun, 04/03/2011 - 03:17 | 1129377 Broker NotBroke
Broker NotBroke's picture

Oh thank god I wasn't the only one who felt this way. The whole time, the people I watched it with are nodding and saying "yes...we needed more regulations" and I'm trying to open their eyes that "we had regulation, and it didn't work. We need the fear of failure to motivate these criminals. The fear of "a short drop and a sudden stop".

Sun, 04/03/2011 - 06:02 | 1129466 docj
docj's picture

Nicely done.

Sun, 04/03/2011 - 07:09 | 1129495 Escapeclaws
Escapeclaws's picture

What are you talking about? This is free-market capitalism, just like the drug trade is unchecked and unregulated free-market capitalism, pur et dur. Corrupting politicians and regulators and getting regulation that immunizes these free-marketers from prosecution is just what should be expected when financialization takes over. This represents your deity doing what invisible hands do.  Hopefully these same guys are cornering the potassium iodide market as we speak. We wouldn't want to constrain the Most High Invisible Hand Whose ways are mysterious but Whose wisdom is beyond our reckoning.


Sun, 04/03/2011 - 07:58 | 1129522 Dr. Engali
Dr. Engali's picture

This isn't free market capitalism. In capitalism I have the right to succeed and the right to fail. That is what makes capitalism work. Keeps risk on check. If there are bail outs of any industry capitalism fails.There will be excess risk if a CEO knows they can run to uncle sugar daddy if they blunder.

Sun, 04/03/2011 - 08:53 | 1129569 Escapeclaws
Escapeclaws's picture

No, you are talking about a special kind of capitalism, ie. Capitalism\{bailouts}.  That is capitalism mod bailouts or capitalism up to bailouts. To have that, we would need regulations that prevent bailouts.  But the whole libertarian creed (though I confess to not having seen the Holy Scriptures of same) is opposed to such regulation or any regulation for that matter, though I am in sympathy with your idea of letting them fail or at least nationalizing the insolvent banks and hitting the senior bondholders.

You seem to want to return to the days before monopoly captalism, but I question whether that is even possible.  A bit like the Protestant Reformation trying to return Christianity to the time of St. Paul. From that point of view, libertarianism could be characterized as an atavistic pie-in-the-sky cult.

Sun, 04/03/2011 - 08:58 | 1129576 Welfareisfraud
Welfareisfraud's picture

You sound like a rather stupid socialist, no offence. Regulation against bailouts? Honey, we'd rather get rid of the institution perpetrating them.


Monopoly capitalism? Wait, you mean state-assisted capitalism? All you've done so far is spew words too big for your little mouth to keep contained as if it'll impress anyone here. Atavistic. You seem to have confused doctrinaire statism (the sort that believes everything is "OK" and that the Great Chairman will provide) for libertarianism. "Nationalising" the banks is as stupid as bailing them out, because then not only are they effectively bailed out but they're run by someone who knows less economics than my local grocery store's cashiers.

Sun, 04/03/2011 - 09:23 | 1129586 Escapeclaws
Escapeclaws's picture

Well, riddle me this, is libertarianism falsifiable? By the way, I don't like the Fed.

Regarding somebody "knowing" economics, isn't that an oxymoron? To "know economics" is an epistomological non-sequitur. Sorry, my little mouth can't resist the big words, but since I assume one of your heros is Bill Buckley, why do you object to that?  Anyway, I thought "atavistic pie-in-the-sky cult" had a nice ring to it. Perhaps you do not appreciate nuances.

I think it would be great if we had the kind of capitalism you advocate. I just think such a thing is impossible at this point and that what we have now with the collusion between WS and WH is a natural Darwinian development. There is a kind of entropy in history which says you can't unmix the salt and pepper once they are mixed. My guess is that the Plutocracy loves libertarianism and they laugh all the way to the bank about it.

Sun, 04/03/2011 - 10:37 | 1129652 TaxSlave
TaxSlave's picture

May your chains rest lightly upon you.  Some of us see the cause as a torrent of air-money created from nothing, which buys evil.  Lots and lots of evil.  And some of us don't love our servitude so much.  Taking the red pill means waking up and realizing that our money is no longer wealth, but evidence of debt, our debt.  Each FRN is a promise to tax you more later.  You are not allowed to own property.  You exist at the pleasure of your masters.  The Plutocracy does laugh all the way to the bank, because they create money from thin air while you slave away for every dime you ever get hold of.  Hope it works out for you.

Sun, 04/03/2011 - 11:18 | 1129692 Dr. Engali
Dr. Engali's picture

The only thing regulation does is make it easier to obfuscate the truth. It also keeps small upstarts in check. The large megacorps already have fleets of lawyers and accountants.

Sun, 04/03/2011 - 11:18 | 1129694 Dr. Engali
Dr. Engali's picture

The only thing regulation does is make it easier to obfuscate the truth. It also keeps small upstarts in check. The large megacorps already have fleets of lawyers and accountants.

Sun, 04/03/2011 - 16:22 | 1130292 Dr. Engali
Dr. Engali's picture

The only thing regulation does is make it easier to obfuscate the truth. It also keeps small upstarts in check. The large megacorps already have fleets of lawyers and accountants.

Sun, 04/03/2011 - 09:20 | 1129584 MSimon
MSimon's picture

Drug Prohibition is a Government Program.

Sun, 04/03/2011 - 11:22 | 1129678 Zero Govt
Zero Govt's picture


your idea that capitalism or the free market leads to monopolists is the usual nonsense taught by our now well past their sell-by-date institutions and an inditement of the shit taught in schools

it is actually Govt that leads to corporate monopolies not only developing but being sustained. The 2 are both man-made parasitical organisms that need/feed each other with the bill sent to society (taxation). Check your worst fears of monopolies and you will find they only exist where there is Govt to protect and prop them up

the free market in contrast allows a constant churn of players, where established companies enjoy their time in the sun but eventually mature and get taken out by smaller new entrants (just like nature and Darwinism)

Take a look around the economic landscape for signs where there are big old monopolies dominating (eg. Oil, energy, automobiles, Big banks, Pharma, transport, tobacco, healthcare, software, media etc etc) and there you will find the corrupt hand of Govt propping up or protecting the old cancerous farts.

Dominant players in a free market simply run out of money defending their patch from new smaller young entrants. In a Govt regulated (mangled) market competition is crushed by regulation, subsidies and ultimately bailouts. A Big Govt-Big Corps protection racket (ie. fascism) paid for by society via taxation to stop the free market and competition working

Regards the 'salt and pepper' of Govt and market being too mixed to unwind it i suggest you look at how many US States are unwinding themselves (in bankruptcy). Go to a US town where the Govt is insolvent and the police, schools and (3rd rate) Govt services have all been shut down. There's not an outbreak of anarchy or social breakdown. There's an outbreak of peace, quiet, tranquility and normacy without the rotten clown show that is politics

And the US Govt are months from bankruptcy (a can that'll be kicked until its debt is so heavy it can be kicked no more, Circa 2014). The huge monopolists of the Western world are about to lose their biggest prop, their biggest protection racket, their busom bum-chum parasitical buddy. Then you will see the salt and pepper seperate

Sun, 04/03/2011 - 14:26 | 1130047 Escapeclaws
Escapeclaws's picture

You are looking at an embryo when you say "the free market in contrast allows a constant churn of players, where established companies enjoy their time in the sun but eventually mature and get taken out by smaller new entrants (just like nature and Darwinism)". Yes, that happens, as it did for the car industry back in the early 1900s or the dotcom phenomenon. But gradually a few titans come to dominate after this initial flurry of darwinian selection. It is also true that some big players lose their dominance during that stage.  However, there is then a natural consolidation that takes place. In terms of word processers I remember Edix + Wordix, a great word processer. There was also Wordperfect.  Now we have Word and one is forced to use it. I hate Microsoft's dominance and have gone over to Linux.

Nevertheless, you are defining capitalism strictly in terms of its early development which lasts but a very short time, like defining a mammal as an embryo and neglecting its future development.  In the case of capitalism, that includes financialization.

People who "believe" in the pure free market are really fundamentalists at heart and have the same mindset as fundamentalists in the religious sense. It's totally irrational, or rather rational in the sense of "roots".  It "roots" are psychological. That's why there is this quasi-war between conservatives and liberals. You can do a test to prove this to yourself. If you are conservative, think of the face of some liberal that you just detest. If you are liberal, think of the face of a conservative you hate--me, I hate everything about Phil Gramm, for instance--his voice, his flat round face, his diction, etc. Same reaction to Robert Rubin--he just gives me the creeps. That's psychological. Granted, Rubin is supposedly a liberal, but is he really?  He and Gramm worked together to dismantle Glas-Steagall. Those two make me want to projectile vomit.


Sun, 04/03/2011 - 18:03 | 1130504 Zero Govt
Zero Govt's picture


people who believe in free markets are not "fundamentalists.. in the religious sense." If you want a belief system look at Marxism, socialism and the equally loony belief in 'democratic government' and its non-performing failing authority structures (regulation, police and law/judiciary itself). All are false contructs that require a delusional belief they work when in fact all actual evidence demonstrates they don't

The free market (trade between producer and consumer) was here long before all of these loony ideas and has worked day in day out for 1,000's of years long before these sham beliefs were implanted by parasites onto the market. The free market is a working mechanism, it delivers maximum benefits to both parties and is fully sustainable (Govt, socialism etc is not, they constantly go bankrupt and fail to deliver)

You mention "natural consolidation" by players in the market but that's only in terms of a few players become 'King of the Hill' for some years and very rarely a decade or two. But don't forget small business is actually 90% of the actual private economy so big players are few and far between and aren't actually all that big in real market terms.

The "consolidation" you mentioned in the newly emerged auto industry in the 1900's didn't happen before the emergence of Govt intervention post 1929-35 Depression. Your progressive (closet-Marxist) President Rosevelt 'consolidated' with his centrally controlled economic planning, "The New Deal' which was a fuking disaster start to finish. He handed out price controls and Govt contracts which GM and i think Chrysler feeded on while Ford rejected the Govt contracts (as any good Co should to avoid becoming a zombie Corps)

And that "consolidation" (Govt mangling to prop up diseased dinosaurs) has continued to this day. Not only in propping up GM and Chrysler which is the biggest abuse of the free market and not allowing the Grim Reaper to do his worthwhile and essential job of culling the crap.

But it is also evident in the increasing protection racket for the Big Boys Club in the warehouses full of legislation new entrants need to 'comply' with to enter the auto market. Everything from safety belts, crumple zones, catalytic convertors, safety standards to pass yabba yabba. All barriers to entry and R&D expense for private business (notice private transport is regulated to hell while public transport has zip)

Finally capitalism is the economics of the market. It does not "develop" as it is the same economic rules that have existed for tens of thousands of years about productivity (return on capital or labour employed = profit). What does develop is technology but that doesn't change the rules, merely reinforces them.

Similarly belief systems like democratic Govt, feudalism, socialism etc that spin around capitalism like headless chickens do not change the rules of capitalism. Wether you erect Berlin Walls to reject capitalism as the socialists of Russia and China have done doesn't change the game. You can't piss on the rules of capitalism from your ivory tower and centrally controlled economy. Capitalisms Grim Reaper, as he does any un-economic belief system or company, always pays you a visit in the end (see tha bankruptcy of China 40 years ago and Russia 20 years ago) 

Sun, 04/03/2011 - 11:04 | 1129674 docj
docj's picture

You seem to be confused about a great many things, but let's see if I can't help put you to some knowledge...

Financialization - how ever you define it - is not "free-market capitalism".  It's crony capitalism, more commonly known as fascism, and cannot exist without government playing both enabler and nurturer.

Work that through and then see if anything you've said in this thread makes any sense.  I think you'll find it doesn't.  Good luck.

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