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Hillary Clinton Is Grooming A Former Goldman Banker To Become America's Next Treasury Secretary

Tyler Durden's picture




 

For years on end, many wondered how it is possible that Gary Gensler allowed Wall Street firms to manipulate, rig, and otherwise abuse the US commodity market which he, as head of the Commodity Futures Trading Commission from 2009 until 2014, was supposed to regulate.

Some, such as this website, suggested that what Gensler was doing was simply protecting his former colleagues from civil or criminal investigation and prosecution. After all Gensler is far better known for not only having worked at Goldman Sachs for 18 years most recently as co-head of finance, prior to joining the CFTC, but for becoming the youngest ever Goldman partner, at the tender age of 30.

Certainly, being the wealthiest member of the original Obama administration did not hurt: in 2009 the Wasingtonian reported his net assets as being between $15,533,000 and $61,745,000. We take the higher number. To be sure, he had been paid well at Goldman and now had a duty to his former employer: to keep Goldman (or any other Wall Street bank) off the hook of any regulatory investigation.

Overnight, this speculation was confirmed, and further explained why Gensler handled his former Wall Street colleagues with silk gloves: according to Bloomberg, "Hillary Clinton is planning to name Gary Gensler... as the chief financial officer of her campaign, according to a Democrat familiar with the decision." And as hard as we try when reading the Bloomberg assertion that Gensler was "a strong advocate for strict Wall Street rules", we can't help but burst in laughter.

The humorous spin continues:

For Clinton, who has been fighting her left flank’s concern that she is too cozy with Wall Street, Gensler is a notable hire. He became known as someone with sharp elbows —even during his negotiations within the Obama administration—in his push for tighter regulation.

Actually, the only thing he became known for is avoiding any notable charges against any banks that involved more than a wrist slap, and certainly against Goldman: the same Goldman which alongside JPMorgan tried and almost succeeded to corner the physical aluminum (and countless other markets) and become a commodity cartel, a charge Wall Street's banks are currently fighting in court.

But what is most amusing is how he fits in with the faux populism exhibited by Hillary. As Bloomberg notes "during her first visit to Iowa as a newly minted presidential candidate on April 14, Clinton struck a populist tone, saying "there’s something wrong when hedge fund managers pay less in taxes than nurses or the truckers I saw on I-80," a reference to her two-day roadtrip to the state from New York.  "I think it’s fair to say that if you look across the country, the deck is stacked in favor of those already at the top," the former secretary of state told a roundtable at Kirkwood Community College."

It got so bad a member of the Hillary SuperPAC almost caused the entire staff of CNBC to burst out in laughter when she said that "Hillary is certainly making it clear that she is running as a champion for everyday Americans. People who are looking how to get by, get ahead, stay ahead."

 

One may even be believe these lies until one sees just who Clinton's biggest US-based backers have been during her career: "everyday Americans" indeed:

 

Suddenly it all falls into place: Wall Street's banks paid Clinton handsomely so that, under the guise of endless populism, she would stack her staff with current and former Wall Street professionals, those who would never dare abuse the status quo in which Wall Street was, is and will remain at the very top in America's social and financial oligarchy. In other words, more of the same.

Oddly, Bloomberg yet again tries to paint Gensler as a person "of the people":

Though a former partner at Goldman Sachs Group Inc., Gensler became a champion for strict new Wall Street regulation and was viewed by financial reform advocates as one of their top allies throughout his time as chairman of the CFTC.

Actually no. Gensler was put in so that he would be a figurehead and to neutralize and undo all real attempts at change, those undertaken by his predecessor Brooksley Born, who was truly a focused on fixing America's runaway derivatives doomsday machine until she was shut down by the "committee to save the world" of Summers, Rubin and Greenspan.

In his role at the agency, Gensler pushed hard for rules transforming one of the most lucrative parts of Wall Street before the crisis: derivatives, the products investor Warren Buffett famously labeled "financial weapons of mass destruction.’’ In frequent speeches, public and private meetings at the agency and testimony to Congress, he used his nearly five-year tenure in the job to seek dozens of rules reining in Wall Street’s control of the $700 trillion market. Wall Street bristled at Gensler’s efforts. Banks, hedge funds and other companies visited the agency thousands of times pushing changes to the regulations. When they didn’t get what they want, the industry’s top lobbying groups then sued the agency multiple times.

Really? Wall Street "bristled"? Well Bloomberg may be shocked to learn then that until last quarter, there was a record of $239.3 trillion held by FDIC-insured commercial banks and savings institutions, as in the most ever!

 

A more skeptical mind may conclude that Gensler's "hard push" against Wall Street failed miserably and that all attempts to "rein in" the derivative market were met with epic disaster.

Of course, the reality is that Gary Gensler never even tried: he was siding with Wall Street all along. Because Bloomberg spin aside, here is the truth about Gary Gensler, from a 2011 Zero Hedge article:

Who was Gary Gensler?

 

When Gary Gensler was nominated to head the CFTC, most Americans had never heard of him. Yet he had been cruising the inner Beltway of D.C. and halls of influence for years under the radar of most.  Genlser succeeded Brooksley Born who was given a very rough time by the club of Summers, Rubin, Greenspan et. al  when she sounded the alarm bell on the rapid and unregulated growth of off-exchange derivatives. Born sought at least transparency as they “could pose potentially serious dangers to our economy.” Although appointed by Clinton, she never got his support and resigned from her post. For more on her prescient warnings, view this fascinating PBS documentary.  As more collapses happen, the failure to regulate off exchange derivatives from CDO’s to re purchase agreements are increasingly understood to be a prime source of financial collapse.

 

Lobbying for Loopholes

 

Back to U-boat Gary. While still at Goldman Sachs brought Robert Rubin (yes, also from GS) recruited Gensler in 1997 to join him as Assistant Secretary for Financial Markets. Later he was promoted to Undersecretary for Domestic Finance in 1999.  Here he worked on the changes to regulation assuring that credit default swaps and other off exchange derivatives were free from regulation.  During the Enron disaster these were called “The Enron Loophole.”

 

In 2000 Congress passed the Commodity Futures Modernization Act, sponsored by Senator Phil Gramm (and John McCain’s campaign Economic Adviser).  This act was written to keep off exchange derivatives unregulated and, as many are now discovering, opening “Mac Truck sized loopholes” allowing expanded access to customer funds for off exchange, but rated instruments beyond US Treasuries. Gary Gensler was the Treasury’s under secretary for domestic finance and it was his job to assure lobby that the CFMA got through Congress and signed into law.

 

Cheering the Confirmation

 

Gensler’s confirmation flew through Congress in 2009, but it was not cheered by all, especially the informed public.  The New York Times named it  “troubling”  at the time and Salon came out with a damming article, “The Oligarch’s President."    Senator Tom Harkin, of the Agriculture Committee, at the time  released a statement of “concerned about the de-regulatory orientation in this nominee’s past.” Senator Bernie Sanders tried to block it and was one of the two votes against Gensler with the strong statement:

 

… I cannot support his nomination. Mr. Gensler worked with Sen. Phil Gramm and Alan Greenspan to exempt credit default swaps from regulation, which led to the collapse of A.I.G. and has resulted in the largest taxpayer bailout in U.S. history. He supported Gramm-Leach-Bliley, which allowed banks like Citigroup to become “too big to fail.” He worked to deregulate electronic energy trading, which led to the downfall of Enron and the spike in energy prices. At this moment in our history, we need an independent leader who will help create a new culture in the financial marketplace and move us away from the greed, recklessness and illegal behavior which has caused so much harm to our economy.

 

Like Brooksley Born, Sander’s lone and prescient voice was ignored by the cheering mob in Congress. Gensler’s nomination was approved.

 

So how did a guy like this who was a key member of the Washington Beltway Demolition Derby get appointed as Chair of the CFTC?  How did this happen after it was known that the loopholes Gensler had a hand creating and defending known loopholes in regulation that were pivotal to the mortgage banking collapse? Those things do not matter in Washington. Independence has no value.

 

Gensler served as senior economic adviser to the Hillary Clinton in the 2008 campaign.  When her campaign closed shop, he jumped into the Obama camp as a fundraiser and adviser.  Once elected, the Obama transition team then charged him with charge of the reviewing the SEC.

 /p>

Prior to this Gensler was active in Democratic party politics, appointed treasurer of the Maryland Democratic Party in 2003. He emerged as a major donor contributing more than $220,000 to Democratic party candidates and committees from 2002.  This figure includes the more than $72,000 in 2008 shortly before his appointment.

 

Washington D.C. is filled with souless hacks.  Such men and women reduce themselves to be nothing more than instruments of others.

 

We saw that on display at the hearing this week called by the Agriculture Committee where Chairman Gensler was asked to testify.  His prepared statement did not address the purpose of the hearing, but instead offered more about the Swaps market concluding with meaningless platitudes, “This is why the CFTC is working so hard to ensure that swaps-market reforms promote more open and transparent markets, lower costs for companies and their customers, and protect taxpayers. Thank you, and I would be happy to take questions.”

 

As questions were asked, more than once Gensler replied he could only speak only as allowed by his legal council…

 

Mr. Gensler talked much, but said little.  On Monday, the CFTC will finally, and after much delay, vote on rule a required under the Dodd-Frank act removing a brokers’ ability to use their clients’ excess margin, or collateral for future trades, in corporate notes, bonds and commercial paper.  The very changes to CFTC rule 1.25 that Gensler worked so hard to put in place 12 years before.  The changes John Corzine and Laurie Ferber, MF Global’s general counsel, lobbied hard in recent months to protect and  keep in place.

 

Expect Mr. Corzine to say nothing when he appears to answer to the American people.  Such are the the government servants delivered to us.

Oh, yes, Jon Corzine. Almost forgot about him...

Why is all of this important? Because should Gary Gensler truly be Clinton's chief financial officer, and should Hillary become America's next president, then ladies and gentlemen, in the fine tradition started by Hank Paulson who nearly brought the entire wastern world to ruin, the next US Treasury Secretary will be the following fine former Goldman Sachs employee and "champion for everyday Americans."

 

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Fri, 04/17/2015 - 13:35 | 6003512 Kirk2NCC1701
Kirk2NCC1701's picture

Ibid: The Tribe is grooming Billary to be the next Puppet-In-Chief.

Fri, 04/17/2015 - 13:36 | 6003518 walküre
walküre's picture

Surprise!!! /NOT

Fri, 04/17/2015 - 13:49 | 6003576 sgt_doom
sgt_doom's picture

This one time, this one former GS type, I just might have to take issue with.

It was Gary Gensler who flipped and at least tried to do the one right thing of the Obama Administration:  trying to bring regulation over the credit derivatives market.

True, in the final analysis, at least he was able to install oversight of the 20% of the "most riskiest" derivatives, but that was a major step in the fantasy-financed and completely fraud based culture of Amerika today.

It was pseudo-liberal and faux crat, Barbara Mikulski who, during the final legislative session before the RepubliCON majority took over, gave it all back to them!

Recommended reading:

Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions, by Erin Arvedlund (Philadelphia Inquirer)

 http://www.amazon.com/Open-Secret-Conspiracy-Swindled-Investors-ebook/dp/B00DMCPLEI

Fri, 04/17/2015 - 13:53 | 6003599 El Vaquero
El Vaquero's picture

That dude looks a lot like the barron's doctor from the 1984 version of Dune.  I wonder if he sticks medical instruments into Hillary's cankles?

Fri, 04/17/2015 - 13:56 | 6003615 bania
Fri, 04/17/2015 - 14:03 | 6003651 Looney
Looney's picture

That dude looks like Popeye the Sailor Man infected with Mange.

I hope, he gives it to Hillary – she would look awfully cute with Mange ;-)

Looney

http://en.wikipedia.org/wiki/Mange

Fri, 04/17/2015 - 14:16 | 6003730 McMolotov
McMolotov's picture

I think he's wearing a mask. The skin looks too tight. If he takes it off, he probably looks like one of The Gentlemen from Buffy the Vampire Slayer.

https://www.google.com/search?q=the+gentlemen+buffy&source=lnms&tbm=isch...

Fri, 04/17/2015 - 14:27 | 6003793 El Vaquero
El Vaquero's picture

It should be pointed out that you can all get rid of your tinfoil now.  This shit is out in the open now.  It's not even a conspiracy fact.  It's just blunt, in your face corruption.

Fri, 04/17/2015 - 16:16 | 6004212 Miffed Microbio...
Miffed Microbiologist's picture

How anyone can read this and not come to the conclusion voting is nothing but a farce is beyond hope.

We are at war.

Miffed

Fri, 04/17/2015 - 17:33 | 6004496 Four chan
Four chan's picture

hang him high.

Fri, 04/17/2015 - 18:19 | 6004666 StychoKiller
StychoKiller's picture

"The script almost writes itself!"

Fri, 04/17/2015 - 17:45 | 6004535 Blankenstein
Blankenstein's picture

Nosferatu - one of my favorite posts by Williambanzai

 

Scroll down for the picture

http://www.zerohedge.com/news/watch-live-recusing-gary-gensler-tries-exp...

Fri, 04/17/2015 - 14:23 | 6003769 optimator
optimator's picture

Sometimes they try, but they always fail.  Planned.

Fri, 04/17/2015 - 13:41 | 6003533 Rusty Shorts
Rusty Shorts's picture

Cankles has already been appointed Criminal-In-Chief

Fri, 04/17/2015 - 13:42 | 6003550 Broken_Trades
Broken_Trades's picture

http://abcnews.go.com/International/car-bomb-explodes-us-consulate-erbil...

 

Us embassy in Erbil attacked with vbied

 

Videos and pictures available on kurdish news now

Fri, 04/17/2015 - 13:49 | 6003577 Colonel Klink
Colonel Klink's picture

Please stop the planet and let me off this twisted ride.

Fri, 04/17/2015 - 13:55 | 6003607 El Vaquero
El Vaquero's picture

There's only one way off, and you won't like it.  Just don't get sick and puke on me.

Fri, 04/17/2015 - 14:40 | 6003854 Handful of Dust
Handful of Dust's picture

He'll surely root for the "Everyday Merikans," right?

Fri, 04/17/2015 - 16:06 | 6004165 HardAssets
HardAssets's picture

Everyone's guaranteed a ride off this planet.

If people knew this in their bones they wouldnt be so timid and would refuse to think like slaves.

Fri, 04/17/2015 - 13:47 | 6003564 indygo55
indygo55's picture

Really? Who is gonna stand up and say:

https://youtu.be/WINDtlPXmmE

 

 

Fri, 04/17/2015 - 13:50 | 6003581 McMolotov
McMolotov's picture

This country has turned into a bad fucking joke. Everyone make sure you get out there and vote! It'll really make a difference this time — pinky swear!

Fri, 04/17/2015 - 13:57 | 6003620 El Vaquero
El Vaquero's picture

No Debt is of the opinion that the Rs are only slightly less destructive than the Ds, so if you want to bring the great reset about a bit quicker, do go out and vote straight D.  I'm not sure if I agree with him or not, but it is an interesting thought. 

Fri, 04/17/2015 - 14:10 | 6003683 McMolotov
McMolotov's picture

I'd rather withdraw consent than have those fuckers mistakely believe that our voting to speed up the trainwreck indicates support.

Some people say you have no right to complain if you don't vote. I say the only people who have a right to complain are those who refuse to vote. They're the only ones who see the system for the sham it is.

Fri, 04/17/2015 - 14:36 | 6003831 Stoploss
Stoploss's picture

And ensure it stays that way by not voting.

The oldest Democrat trick in the book is running off voters, by threatining the poll locations with their FSA tribes that make it very diffucult should one show up to vote.

 

Voting should be done with smart phones now any way, since most all have some type of biometric ID device built in.

But that would be seen as a progressive use of technology and therefore will be forbidden...

Fri, 04/17/2015 - 14:08 | 6003677 williambanzai7
williambanzai7's picture

Fri, 04/17/2015 - 14:36 | 6003837 tony wilson and...
tony wilson and saturn zion devils's picture

he certainly is a nice looking boy

could be the son of  ex homeland 911 mastermind chertoff security group head chertoff michael group.

is the nice boy jewish not that it matters i am sure it is all about abilities.

already

my life

 

You've got to pick-a-pocket or two, boys
You've got to pick-a-pocket or two.
Better pick-a-pocket or two.

Fri, 04/17/2015 - 15:27 | 6004003 Jumbotron
Jumbotron's picture

Fascism on Parade.

Move along.....nothing to see.....nothing can be done about it.

 

If you want to keep up with things that will really affect you....go here.

http://www.informationliberation.com/

See a cop being pulled over by a CITIZEN !

Oath Keepers musteriung up in Oregon for a showdown over a goldmine and the BLM.

THIS is where you go to see the war in the trenches.

Fri, 04/17/2015 - 15:52 | 6004103 Cornfedbloodstool
Cornfedbloodstool's picture

Jewy Jewison.

Fri, 04/17/2015 - 17:50 | 6004559 Monty Burns
Monty Burns's picture

Doesn't really matter.  Nobody not pre-approved will be allowed to partake in the kabuki election.  The rest will get the Ron Paul/Pat Buchanan treatment.

Fri, 04/17/2015 - 22:57 | 6005457 chilli sauce
chilli sauce's picture

I think, I can never earn over which I paid by my precedent employer, but I was wrong, world is so large to try their fate.but now I am making $92/hr even more, can easily minimum $1700/week, on the experience everyone must try to do work online, easy way to earn, here's an example what I do... www.globe-report.com

Fri, 04/17/2015 - 13:35 | 6003515 jaap
jaap's picture

W@as Corzine not available?

Fri, 04/17/2015 - 13:36 | 6003517 Ignatius
Fri, 04/17/2015 - 13:37 | 6003523 Kaiser Sousa
Kaiser Sousa's picture

any more questions?

Fri, 04/17/2015 - 14:14 | 6003718 chunga
chunga's picture

How funny is it that the best hope against the tribe is...Iran.

/semi-sarc

Fri, 04/17/2015 - 16:01 | 6004147 walküre
walküre's picture

don't seen any man better equipped to derail the tribe than Putin

Fri, 04/17/2015 - 13:38 | 6003525 pragmatic hobo
pragmatic hobo's picture

well ... that's one more reason to not vote for hillary.

Fri, 04/17/2015 - 13:38 | 6003528 brucyy
brucyy's picture

subsidize nail guns assembly lines ! 

Fri, 04/17/2015 - 13:43 | 6003535 ebworthen
ebworthen's picture

If that donor list doesn't convince you that politicians are paid whores for the bank/corporate/insurer hegemony nothing will.

And University of California?  WTF?  That is a .gov reach around with taxpayer money.  And Leahman Brothers?  ROFL!  Jeebus, what a cronyism clusterfuck!

Perverse, immoral, unethical, and utterly corrupt - but that is Amurika today!

Fri, 04/17/2015 - 14:03 | 6003650 madcows
madcows's picture

Don't forget, napolitano is now head of the university. 

Fri, 04/17/2015 - 13:40 | 6003538 PersonalRespons...
PersonalResponsibility's picture

-pro tip- keep picking off the scabs until you get the Caesium out.

Fri, 04/17/2015 - 15:14 | 6003968 Joe Sixpack
Joe Sixpack's picture

Fukushima off, dude!

Fri, 04/17/2015 - 13:42 | 6003542 Bumbu Sauce
Bumbu Sauce's picture

That list doesn't include all the foreign money she takes in thru the Clinton Global Initiative, where she sells influence for money.

http://www.wsj.com/articles/clinton-foundation-to-keep-foreign-donors-14...

 

Fri, 04/17/2015 - 13:42 | 6003546 KnuckleDragger-X
KnuckleDragger-X's picture

They aren't EVEN TRYING to pretend any more......

Fri, 04/17/2015 - 17:46 | 6004545 Monty Burns
Monty Burns's picture

That's becoming increasingly clear IMO. They used to hide in plain sight now they're just in plain sight.

Fri, 04/17/2015 - 13:42 | 6003547 Mrs. Cog
Mrs. Cog's picture

Where the hell are this woman's handlers? The creepy troll appointment ideas come after the election.

Fri, 04/17/2015 - 13:45 | 6003557 Ignatius
Ignatius's picture

"The creepy troll appointment ideas come after the election."

So what's that tell us?  ;-)

Fri, 04/17/2015 - 13:42 | 6003549 lynnybee
lynnybee's picture

oh no!  that's terrible news.  i have post traumatic stress syndrome from Robert Rubin days !  

Fri, 04/17/2015 - 13:43 | 6003553 Q-Q-Q
Q-Q-Q's picture

USA

Proud to be part of the Goldman Sachs group of companies

Fri, 04/17/2015 - 13:44 | 6003554 Joebloinvestor
Joebloinvestor's picture

Gensler, the LITTLE FUCKING COCKSUCKING PRICK who took off after he made one phone call and found out WTF his buddy Corzine was up to.

 

Fri, 04/17/2015 - 14:06 | 6003661 Colonel Klink
Colonel Klink's picture

Which LITTLE FUCKING COCKSUCKING PRICK are we talking about who made the phone call to Corzine?  The one in the White house or Gensler?

Fri, 04/17/2015 - 14:22 | 6003764 Joebloinvestor
Joebloinvestor's picture

I didn't say the black one.

Gensler made one phone call when his troops were digging into Corzines crap and he reclused himself after he found out his buddy was a CRIMINAL.

Fri, 04/17/2015 - 15:02 | 6003936 Colonel Klink
Colonel Klink's picture

In your defense you did start off with Gensler.  I must have been mentally blocking his name.

What a criminal scumbag.

Fri, 04/17/2015 - 13:46 | 6003561 brucyy
brucyy's picture

Doesnt matter , first woman president !

right ?

Fri, 04/17/2015 - 14:43 | 6003870 Handful of Dust
Handful of Dust's picture

Rumor has it she [or Pelosi] will honor the next $20 bill.

 

http://finance.yahoo.com/news/us-senator-says-time-put-135705034.html

Fri, 04/17/2015 - 18:24 | 6004691 StychoKiller
StychoKiller's picture

I vote for "Dr. Quinn, Medicine Woman"!

Fri, 04/17/2015 - 13:48 | 6003563 kchrisc
kchrisc's picture

Hillary is a distraction from Zion's already selected choice. Remember 2008, and how they slid CIA-Obama in there in the spring?

As for her so-called "grooming?" "Who's grooming who?"

The banksters need to repay us.

 

People can see the musicians and players performing and dancing as one. And yet they still cannot fathom a conductor or director.

Fri, 04/17/2015 - 13:48 | 6003569 Seasmoke
Seasmoke's picture

I'm voting for Obama.

Fri, 04/17/2015 - 17:26 | 6004468 kchrisc
kchrisc's picture

AK, AR, Glock, and I will be staying home and doing some cleaning and smithing, while continuing our effort to memorize the Constitution.

The banksters need to repay us.

 

Sheeple Census 2016
Your Vote Counts Like an Inventory

Fri, 04/17/2015 - 13:48 | 6003572 Icelandicsaga.....
Icelandicsaga...............................................'s picture

Excellent piece Tyers... thanks,,,we are an occupied country . occupied by bankers and power brokers... republican or democrat . .nothing will change.. remember republicans helped end Glass Steagal  changed bankruptcy laws that allowed Corzine to skate .. no matter who the next president is . republican or democrat . a banker or banker cabal will be in charge.

Fri, 04/17/2015 - 15:56 | 6004109 falak pema
falak pema's picture

not an occupied country but an Oligarchy country. Its the Pax Americana oligarchy, the new world aristocracy, that rules the roost in a global 1%er Empire on which the sun will never set, and too bad for the citizen 'cos the world belongs to the clickomaniac hyper-consumer of Apple/Google inc. world; the world the US Oligarchy protects to the point of sacrificing its Constitution written for that dying breed : The citizen ! 

Fri, 04/17/2015 - 17:32 | 6004492 kchrisc
kchrisc's picture

"not an occupied country but an Oligarchy country."

With respect, but the US governmnet, the DC US, was created by the states of the American country via the Constitution.

The DC US is criminally operating outside the strictures of the Constitution which makes them nothing more than criminal occupiers and interlopers of the American country, and oppressors of the American people.

The banksters need to repay us.

 

"I think therefore I am free."

Fri, 04/17/2015 - 17:37 | 6004503 falak pema
falak pema's picture

GWB: elected president said : the constitution? A piece of paper!

All those who followed, were elected and swore to uphold that "piece of paper" but under the Patriot Act legislation ! 

Some pieces of paper die in Abu Ghraib and Gitmo. But then, if you don't like that you can always vote if you be a Republican and democrat.

Yes you are "free" ...but to vote! 

Fri, 04/17/2015 - 19:39 | 6004938 kchrisc
kchrisc's picture

The time for voting has passed. All that remains is what Jefferson said for us to do:

"...Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."

 "...it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security."

  "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."

I'll see you on the battlefield, as I'm not going "camping."

The banksters need to repay us.

 

Kelly Thomas concurs with this statement.

Fri, 04/17/2015 - 13:50 | 6003573 Icelandicsaga.....
Icelandicsaga...............................................'s picture

So put your head between your knees and kiss it good bye.

Fri, 04/17/2015 - 13:49 | 6003574 davidalan1
davidalan1's picture

Seems he has a twin brother, should we be worried?

Fri, 04/17/2015 - 14:21 | 6003761 optimator
optimator's picture

They just look alike, google Die Sturmer cartoons!

Fri, 04/17/2015 - 13:49 | 6003578 anachronism
anachronism's picture

It is going to get worse.

Fri, 04/17/2015 - 13:50 | 6003580 gann1212
gann1212's picture

fuck the whole political system. hilary wants to hear what people have to say ha fucking ha. fuck them all fuck wall street fuck the banks fuck every fucking institution there is . if i left someone out i apologize fuck them all

Fri, 04/17/2015 - 14:20 | 6003744 optimator
optimator's picture

Gann, but she's like one of us.  Breakfast at Chipotle, proves she like mexican food,  ooops, forgot to tip, cute little minivan - ooops, parked in handcapped.  Carried own luggage to coach class on her trip back........talks to the people - that she selected to talk to.....poor too, but she's one of us.

Fri, 04/17/2015 - 13:52 | 6003592 Jameson18
Jameson18's picture

You can have him or Ted Cruzes wife either way the tribe is going to run the money.

Fri, 04/17/2015 - 13:54 | 6003604 buzzsaw99
buzzsaw99's picture

what cracks me up is that some people still bother to vote

Fri, 04/17/2015 - 14:17 | 6003733 optimator
optimator's picture

I enjoy voting.  Somtimes I spend too much time deciding whose name I'm going to write in.  Next election, I, and you should write in TYLER DURDEN.

Fri, 04/17/2015 - 16:04 | 6004157 SmedleyButlersGhost
SmedleyButlersGhost's picture

why? You do it in a booth alone, self gratifying, pretty meaningless and you lie about it to your friends

Fri, 04/17/2015 - 16:15 | 6004209 HardAssets
HardAssets's picture

The level of awareness of the American people will be gauged by the number who see through the fraud . . . and refuse to vote.

Fri, 04/17/2015 - 16:56 | 6004347 SmedleyButlersGhost
SmedleyButlersGhost's picture

Well - about 50% don't vote - so how is that working out? I respectfully suggest you are confusing apathy with protest by non participation

Fri, 04/17/2015 - 13:56 | 6003611 Soul Glow
Soul Glow's picture

Tenticles everywhere.

Fri, 04/17/2015 - 13:59 | 6003632 Ace Ventura
Ace Ventura's picture

Shocking. Shocking I say!  But seriously, this is interesting, because at this stage I still think TPTB are leaning towards elevating populist candidates like Ted Cruz or Rand Paul to the puppet post of POTUS. Actually, this 'potential nomination' may be part of the ruse, to herd legions of disgusted 'no more Clinton-Bush' voters into the Cruz/Paul camp. The more 'establishment' flavor they can season Hitlery's campaign with, the easier it will be to lead the sheeple to whatever GOP puppet is nominated.

Sorry folks, IMHO Ron Paul was our last chance to at least TRY and avoid the iceberg. Might as well crank up Vivaldi to Level 11 and enjoy the collapse.

Fri, 04/17/2015 - 14:14 | 6003720 optimator
optimator's picture

Doesn't matter who's pres.  I still remember kids back when that didn't like some of the puppets on Howdy Doody Time TV show.  I'm the one that said it's the same guy pulling the springs.

In those days, no blacks, no hispanics, For those too young:

https://www.youtube.com/watch?v=P7Py6ORWJ-w

Fri, 04/17/2015 - 14:00 | 6003634 Infinite QE
Infinite QE's picture

Corrected:

 

Goldman Zionist Overlords Grooming Clinton To Be Next Zionist Puppet Leader of Da Free World
Fri, 04/17/2015 - 14:02 | 6003646 dcohen
dcohen's picture

But surprisingly, he is a jew (add "chosen" to "indispensable" and "exceptional"), did not expect that.

Fri, 04/17/2015 - 14:07 | 6003667 optimator
optimator's picture

Not Jewish enough, she'd go with an ex chairman of the bank of Israel, he's already in line to be next.

Fri, 04/17/2015 - 14:05 | 6003647 Fix It Again Timmy
Fix It Again Timmy's picture

Looks like Hilarity is ready to give America another very good day....

In 1999, on signing Gramm-Leach-Bliley into law, Clinton said, “This is a day we can celebrate as an American day” and that ” the Glass-Steagall law is no longer appropriate for the economy in which we live” and “today what we are doing is modernizing the financial services industry, tearing down these antiquated laws and granting banks significant new authority” and “This is a very good day for the United States.”

Bill and Hilarity - king and queen of slime crimes in Washington, D.en of C.rooks..... The Universe is not large enough to hold all the comtempt and disgust that I have for these two psychopathic sleazebags....
Sat, 04/18/2015 - 12:04 | 6006324 TeethVillage88s
TeethVillage88s's picture

"Looks like Hilarity is ready to give America another very good day....

In 1999, on signing Gramm-Leach-Bliley into law, Clinton said, “This is a day we can celebrate as an American day” and that ” the Glass-Steagall law is no longer appropriate for the economy in which we live” and “today what we are doing is modernizing the financial services industry, tearing down these antiquated laws and granting banks significant new authority” and “This is a very good day for the United States.”"

worth repeating...

Fri, 04/17/2015 - 14:03 | 6003652 A is A
A is A's picture

Isn't "America's next treasury secretary and former goldman banker" a redundancy?

Fri, 04/17/2015 - 14:04 | 6003653 Colonel Klink
Colonel Klink's picture

Is anyone surprised there's another Jew Goldman banker waiting in the wings to shyster this country?

Fri, 04/17/2015 - 14:06 | 6003664 Chuck Knoblauch
Chuck Knoblauch's picture

S.O.P.

Fri, 04/17/2015 - 14:51 | 6003885 RagnarRedux
RagnarRedux's picture

As some other person pointed out in another article, you will soon be in deep trouble just pointing out that factual commonality.

Israel pushes to have “anti-Semitism” recognized as international crime


"And consider what the Jews did during the Bolshevik revolution almost as soon as they took over. They criminalized “anti-Semitism” and made it an offense punishable by death."

“As an expression of its radically anti-nationalist character, the fledgling Soviet government issued a decree a few months after taking power that made anti-Semitism a crime in Russia,” Mark Weber explains in his excellent treatise detailing the Jewish role in the Bolshevik revolution and subsequent Communist regime. “The new Communist regime thus became the first in the world to severely punish all expressions of anti-Jewish sentiment.”

"If you dared to criticize or expose Jewish criminality and treachery in the Soviet Union, particularly during and immediately after the Jewish engineered Bolshevik revolution, you’d be imprisoned, tortured, and/or murdered, oftentimes in the most depraved fashion. That’s exactly what the Jews are aiming to implement in the 21st century, only on a global scale."

http://davidduke.com/israel-pushes-to-have-anti-semitism-recognized-as-i...

http://www.haaretz.com/jewish-world/jewish-world-news/1.530857

 

Fri, 04/17/2015 - 15:04 | 6003940 Colonel Klink
Colonel Klink's picture

Fuck'em!  They don't have a lock on Semite.  There are many arabs who are semites too.

Israel, you won't find a greater hive of scum and villany. Well except Jew York and Zionington, which are very close second and third.

Fri, 04/17/2015 - 17:37 | 6004510 Monty Burns
Monty Burns's picture

They have a lock on the rest of us unfortunately.

Fri, 04/17/2015 - 17:36 | 6004504 Monty Burns
Monty Burns's picture

The early Bolsheviks also made mere possession of the Protocols Of The Elders Of Zion a capital offense.  Bullet to the back of the head.

Fri, 04/17/2015 - 14:10 | 6003685 vesna
vesna's picture

http://en.wikipedia.org/wiki/Gary_Gensler

 

he will save derivatives?????????

 

religion, judaism???????

 

convertite?

Fri, 04/17/2015 - 14:10 | 6003686 1stepcloser
1stepcloser's picture

She is going to name Bill pap smear czar

Fri, 04/17/2015 - 14:24 | 6003770 Caleb Abell
Caleb Abell's picture

So King Bill, the Priapic, will be wearing two hats.  He has already been designated to examine all female interns for breast cancer.

Fri, 04/17/2015 - 14:16 | 6003728 agstacks
agstacks's picture

"A Former Goldman Banker is Grooming Hillary Clinton to Become America's Next President." FIFY

Fri, 04/17/2015 - 17:30 | 6004485 Monty Burns
Monty Burns's picture

Touche!

Fri, 04/17/2015 - 14:21 | 6003759 Elliptico
Elliptico's picture

Irate Corzine flying in from Paraguay to discuss.  Expect fireworks.

Fri, 04/17/2015 - 14:22 | 6003762 GIABO
GIABO's picture

Let me guess? He's JEWISH...

And its gone!

 

https://www.youtube.com/watch?v=-DT7bX-B1Mg

Fri, 04/17/2015 - 14:23 | 6003768 Counterpunch
Counterpunch's picture

Gensler is relatively not that bad - but enough with the appointments of Jews to treasury, fed, irs, cbo, fdic, commerce, omb, cftc, council of econ advisors, and anything to do with money.

 

Hitler nazi antisemite?  go fuck yourself - this is a pattern of heavy over-rep of a tiny particular group because they also give outsized campaign contributions.

 

And largely control both news and entertainment media.

 

Seriously. 2.5% of the population being condistently and massively over-represented means less diverdity, no?

 

The Jewish/Israel lobby picks the president.  you just get to pretend you have a 'voice'.

 

Sometimes the only way to win is not to play.

 

 

 

Fri, 04/17/2015 - 17:30 | 6004482 Monty Burns
Monty Burns's picture

And 4 of the 9 SCOTUS judges.  That is almost as important when it comes to progressing The Agenda.

Fri, 04/17/2015 - 17:56 | 6004574 TeethVillage88s
TeethVillage88s's picture

What is goining on out west?

Tension Between BLM and Mining Operation, Oath Keepers Set Up Camp (Gold Mine).

By Kasey Kershner Apr. 14, 2015

NEAR MERLIN, Ore. -- A land dispute is creating tension between miners in Josephine County and the Bureau of Land Management. The owners of the mines say they are afraid their rights to due process will not be respected and have now called in reinforcements.

The Oath Keepers of Josephine County are gathering at a piece of property near Merlin. They're in the process of setting up a staging area, in order to step in if they are needed by the Sugar Pine miners.

“Because we are constitutional group,” said Mary Emerick with Oath Keepers. “We defend the Constitution… And we are here just to make sure that they receive their Fifth Amendment rights which is due process.”

The owners called them in to help protect the property that they have mined for more than 100 years. The miners say documents they have grandfathered-in their surface rights to the property.

But the BLM says the documents are outdated, and at some point, the property has changed hands which cancels out the grandfather process. Now, the BLM says the miners have to tone down their mining operation to stay in line with the regulations.

“We’ve sent them those letters,” said BLM’s Jim Whittington. “They also have the right to appeal our notice, that it requires either a plan of operation or notice, and some informal contacts with their lawyer…it sounds like they may appeal. So if they appeal, that starts another administrative appeal process.”

Fri, 04/17/2015 - 14:34 | 6003777 BullyBearish
BullyBearish's picture

It's all about Zionists maintaining and growing power at the expense of the world:

https://www.youtube.com/watch?v=HhFRGDyX48c

The truth about Zionism (not Judaism) by a former Zionist

 

The Difference between Judaism and Zionism (a Jewish Website)

http://www.nkusa.org/AboutUs/Zionism/judaism_v_zionism.cfm

 

Fri, 04/17/2015 - 14:39 | 6003849 Government need...
Government needs you to pay taxes's picture

Let the muppet Inquisition begin.  Torture them.  If they scream, they are terrorists.

Fri, 04/17/2015 - 14:43 | 6003869 RagnarRedux
RagnarRedux's picture

Let me guess, this person will be another Eskimo or a even a Norwegian nun? Those Eskimos always own and/or run the banks and media, quite the ethnic cabal they have!

Fri, 04/17/2015 - 15:02 | 6003935 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Not that it really matters, but I thought Eric Mindich was the youngest partner ever at GS at age 27 in 1994?

Fri, 04/17/2015 - 15:27 | 6003947 falak pema
falak pema's picture

Midsummer's night dream about a coming presidential change : America will have a Lady Macbeth as President who will be the same as her husband in terms of political corruption; aka Glass-Steagall revoke; and being "top of the heap"--  but different in terms of strategy.

Here is my dream, my fabulation about America the "wonderful"  : 

Hillary will surprise America by doing the unimaginable; she will rescind the US-Saud alliance and go whole hog with Iran.

She will make Israel a toothless entity and she will take India to a pinnacle to balance China's defiance of Pax Americana.

She will undo GWB and Obama past plays in "Sacred" oil patch, but she will not undo the global banks, the "precious bodily fluids" of Americana supremacy of God Greenback.

WIth the banks she will play the same game as ECB : try using inflation to blow away first world debt over twenty years and keep her hold on the USD global domination but without Saud's Oil monopoly. 

The Arabs are now out of the loop. And she will always say : that was Obama's legacy and I play along as Saud and Wahhabism are now the major Jihadi global "terrorista" problem that we must eradicate; and I mean eradicate with the Iranians playing the role Saddam played when we went after Ayatollah's Iran as the anti-American "satanic" big game.

Like all empires finding a new "fall guy" its not a question of morals but of political expediency ! 

Just ask Rumsfeld and Wolfowitz and all those others who made NWO...

America stays on top by protecting the Greenback but by changing its ME hobby horses

The Oil lobby of shale will suffer for two more years after 2016 and she hopes by 2018/19 the Saud crisis fall out will be over and oil from America will be the economic pillar along with renewables as peak fossils is no "joke" but a awesome poke at Nature's law against Man's Hubris!

The "new" reset age will then begin.

Some Habsburg dynasty deniers think they are "intemporal" like an ageless, universal Empire! 

But that's another story and still has to play out, like the Peace of Westphalia and the Treaty of Utrecht ended the Habsburg dynasty in Western Europe, as did Kaiser Wilhem's big "lebensraum" mantra post Bismarkian hegemony by liquidating it (the Habsburg age)  in 1918 in heartland Vienna! 

The empire went totally moribund... Something is rotten in the kingdom of...but that's 30 years down the road.

Fri, 04/17/2015 - 15:10 | 6003960 Loucleve
Loucleve's picture

There is a very good reason Bloomberg got rid of their Comments section, and this article is an example.

Fri, 04/17/2015 - 15:11 | 6003963 SillyWabbits
SillyWabbits's picture

I’m thinking that now is the time to invent another word.

I choose Gentaphobe.

A Gentaphobe is anyone who can’t tolerate the intolerances of the Straight White Christian Male.

 

Anyone who uses the term anti-Semite is automatically a Gentaphobe.

Any Straight White Christian Male who is intolerant of our intolerances is a self-hating Gentaphobe.

Anyone against Christmas is a Gentaphobe.

Etc….

I take this strategy directly from the Frankfurt School Institute of Social Research

Fri, 04/17/2015 - 15:23 | 6003993 Bill of Rights
Bill of Rights's picture

Amazing how Cunts congregate.

Fri, 04/17/2015 - 15:25 | 6004000 BigRedRider
BigRedRider's picture

 

 

"Hillary Clinton Is Grooming A Former Goldman Banker To Become America's Next Treasury Secretary"

 

You got to win the throne before you pick your lackey tools, you dipshit bitch.

Fri, 04/17/2015 - 15:29 | 6004011 madbraz
madbraz's picture

Gensler is a Rubin boy, much like Hillary is Rubin's peon.  I'd rather have the mafia run the country.

Fri, 04/17/2015 - 15:58 | 6004130 alexcojones
alexcojones's picture

How long before Hillary picks Bart Chilton for a part of her team?

Fri, 04/17/2015 - 16:28 | 6004258 Questan1913
Questan1913's picture

 

"A Former Goldman Banker and His Former Employer Are Grooming Hillary Clinton To Be The Next (sleazy) President of The United States"

Fri, 04/17/2015 - 18:58 | 6004804 Albertarocks
Albertarocks's picture

That's exactly what it is.  Hillary isn't grooming 'anybody'.  She's the one who has been groomed throughout her political career.  She's just another Goldman puppet who will appoint whoever they tell her to appoint.  And yes, she would definitely be the next sleazy president.  And so will whoever follows her.  And so on.  And so on.

Fri, 04/17/2015 - 17:09 | 6004407 q99x2
q99x2's picture

YeeeeeeeeeHaaaaaaaaaa I wonder what race he is.

Fri, 04/17/2015 - 17:23 | 6004454 nmewn
nmewn's picture

I'm shocked! Shocked I say to find graft, corruption and patronage going on around someone named Clinton!

Fri, 04/17/2015 - 17:26 | 6004469 Monty Burns
Monty Burns's picture

Well she had to select one of the Tribe so he's probably no worse than the alternatives.

Fri, 04/17/2015 - 17:36 | 6004506 dexter_morgan
dexter_morgan's picture

Hmm. Maybe Corzine will get a position on Hitlery's staff too.

Fri, 04/17/2015 - 17:46 | 6004546 ElixirMixer
ElixirMixer's picture

Should have gone with Bart Chilton aka Ashley Schaeffer. 

Fri, 04/17/2015 - 18:55 | 6004790 ImYourHuckleberry
ImYourHuckleberry's picture

Another Fucking Jew

Sat, 04/18/2015 - 12:01 | 6006321 TeethVillage88s
TeethVillage88s's picture

I am not a Number I am a Free Man. s/

You are not in the "Club". It is a big Club, but YOU ain't in it.

But in Global Financial World you are an Account and a Profit or Revenue Center. Not a human with rights, no natural rights, and you probably don't own a much as you think you do. In fact your Wealth & any Job with a big Organization is in Question.

"U-boat Gary Gensler: While still at Goldman Sachs brought Robert Rubin (yes, also from GS) recruited Gensler in 1997 to join him as Assistant Secretary for Financial Markets. Later he was promoted to Undersecretary for Domestic Finance in 1999. Here he worked on the changes to regulation assuring that credit default swaps and other off exchange derivatives were free from regulation. During the Enron disaster these were called “The Enron Loophole.”

"In 2000 Congress passed the Commodity Futures Modernization Act, sponsored by Senator Phil Gramm (and John McCain’s campaign Economic Adviser). This act was written to keep off exchange derivatives unregulated and, as many are now discovering, opening “Mac Truck sized loopholes” allowing expanded access to customer funds for off exchange, but rated instruments beyond US Treasuries. Gary Gensler was the Treasury’s under secretary for domestic finance and it was his job to assure lobby that the CFMA got through Congress and signed into law."

- Enron Loophole
- Commodities Futures Modernization Act (Actually the Opposite, it is Official Feudalism and Peonage)
- Robert Rubin
- Phil Gramm
- Gary Gensler
- Larry Summers
- Bill Clinton
- Hillery Clinton
- Alan Greenspan
- Henry Paulson
- Lloyd Blankfein
- Jamie Dimon
- Sandy Weil
- Hank Greenberg
- Ken Lay
- Jeffery Skilling
- Jon Corzine

Do NOT follow this link or you will be banned from the site!