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Rogue Government Traders
Submitted by Mike Krieger
Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show. The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046...The flow of federal dollars in and around the nation’s capital helped the region weather the economic slump better than most areas and is contributing to its recovery. The unemployment rate in the Washington metro area in August was 6.1 percent, compared with 10 percent in San Jose, according to Labor Department figures. Nationally, joblessness was 9.1 percent in September for a third straight month. “The region did experience a shorter, shallower recession than San Jose,” said Sara Kline, a Washington analyst at Moody’s Analytics Inc. in West Chester, Pennsylvania. “The federal government stepped in to take efforts to dampen the recession. It was focused to some extent in the D.C. area as well, given the presence of federal workers there and contractors. That insulated it from more of a downturn.”
- Bloomberg article from yesterday http://www.bloomberg.com/news/2011-10-19/beltway-earnings-make-u-s-capit...
As a result of an amendment by Sen. Bernie Sanders to the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Government Accountability Office completed its second audit of the Federal Reserve. This report focuses on the enormous conflicts of interest that existed at the Federal Reserve during the financial crisis.
Here is what the GAO found:
- The affiliations of the Federal Reserve's board of directors with financial firms continue to pose "reputational risks" to the Federal Reserve System.
- The policy of the Federal Reserve to give members of the banking industry the power to both elect and serve on the Federal Reserve's board of directors creates "an appearance of a conflict of interest."
- The GAO identified 18 former and current members of the Federal Reserve's board affiliated with banks and companies that received emergency loans from the Federal Reserve during the financial crisis including General Electric, JP Morgan Chase, and Lehman Brothers.
- There are no restrictions on directors of the Federal Reserve Board from communicating concerns about their respective banks to the staff of the Federal Reserve.
- Many of the Federal Reserve's board of directors own stock or work directly for banks that are supervised and regulated by the Federal Reserve. These board members oversee the Federal Reserve's operations including salary and personnel decisions.
- Under current regulations, Fed directors who are employed by the banking industry or own stock in financial institutions can participate in decisions involving how much interest to charge to financial institutions receiving Fed loans; and the approval or disapproval of Federal Reserve credit to healthy banks and banks in "hazardous" condition.
- The Federal Reserve does not publicly disclose its conflict of interest regulations or when it grants waivers to its conflict of interest regulations.
- 21 members of the Federal Reserve's board of directors were involved in making personnel decisions in the division of supervision and regulation at the Fed.
- The Sanders Report on the GAO Audit on Major Conflicts of Interest at the Federal Reserve.
You MUST READ THIS.
Rogue Government Traders
Everything that is happening around the world right now reminds me of the movie “Rogue Trader.” In case you haven’t seen it, it is the 1999 film where Ewan McGregor plays the role of Nick Leeson, the Barings Bank trader whose trades gone bad brought down Barings Bank, the oldest merchant bank in London at the time. The reason why this story is so compelling and why I recommend everyone go watch it is because it demonstrates what can happen when a small loss or mistake is ignored and then covered up in a futile attempt to get back to where you were. In this case, Nick Leeson started losing money trading futures in Singapore and rather than cutting his losses he kept trading more and bigger. Pretty quickly, the losses became so enormous he knew he would be forced to close them out if someone noticed and he might even be fired. So what did he do? He decided to transfer the losses to a hidden account. The 88888 account. He figured he would hide the losses there and then close the hidden account when he got back to even. He never got back to even and Barings went bankrupt.
Any of this sound familiar? Yes of course it does. Unfortunately for all of us, the story of Barings bank and Nick Leeson is merely happening on a global scale. However, rather than one trader making bad bets what we are dealing with is a gigantic credit bubble ponzi scheme created by TBTF banks, or as Bill Black more appropriately refers to them, Systemically Dangerous Institutions (SDIs) that now needs to be covered up. This ponzi first started unraveling back in 2008 and rather than deal with it the best we could, global “leaders” decided to bail them out with taxpayer money and guarantees. What did we get for this act of kindness? A dead economy, monstrous unemployment, 15% of Americans on food stamps and a frightening reality that shows Americans are having a much harder time than the Chinese putting food on the table. See this article http://www.shtfplan.com/headline-news/startling-survey-americans-are-str... Meanwhile, what did the banksters get? They consolidated even more power over their Washington D.C. puppets because now establishment politicians are “in” the doubled down Nick Leeson bet with Wall Street and of course they got record bonuses and no one was prosecuted.
So here is the world as I see it at the moment. You have a gigantic credit/derivatives ponzi scheme created by SDIs that cannot be settled or unwound without a lot of pain. The banks know this but of course they don’t tell the serfs. They did tell the governments this back in 2008, but with the caveat that if the politicians saved them they would save the economy and be considered heroes. Given the financial ignorance, stupidity and massive egos floating around that cesspool called Washington D.C. they fell for it line hook line and sinker. Well, nothing improved except for bank bonuses and now people are unsurprisingly out in the streets all over America. Now what?
Well since the politicians are now “in the bet” with the banksters they are just doubling down and doubling down on past mistakes and making things worse and worse. Except this time they won’t just blow up an old bank. They will blow up the entire planet. I mean did you see what Bank of America just did? They purposely moved their derivatives in with the FDIC insured deposits subsidiary and away from the Merrill unit. The FDIC is apparently not into this but the FED thinks it is a good idea. They are purposely putting a nuclear bomb in bed with customer deposits so they have a gun to the head of everyone again. Aren’t you glad we bailed them out? Read this http://www.bloomberg.com/news/2011-10-18/bofa-said-to-split-regulators-o... and this http://www.nakedcapitalism.com/2011/10/bank-of-america-deathwatch-moves-....
No Solution Announced in Europe. Why?
One of the most hilarious and disturbing things that has dominated market related news lately is the lack of any “solution” in Europe but rather commentary/rumors every other day about some master plan that is to be unveiled any moment. Of course nothing is ever unveiled and then they say oh it will be “next week.” It’s always next week. Just like every bankrupt country on the planet is supposedly going to have miraculous budget surpluses in 2020. They are lying folks. No solution has been announced in Europe because there is no solution. I think it is actually pretty simple. The extent of the debt problem is so enormous when you include Italy (which you need to do as yields reach back up to 6% on the 10 year bond and people are getting violent in the streets) that any “solution” would have to be so huge and involve a lot of new money/credit creation in the Eurozone that it would pass the buck entirely to Germany and lead to extremely high inflation in the Eurozone. This is why Germany rightly has not agreed to the bazooka approach that France and Tiny Timmy Geithner is trying to shove down their throats. While things may not be great in Germany, I don’t think they want a situation where their people have a harder time eating than the Chinese. That is what Americans have gotten as a reward for pulling out the bazooka in 2008 and bailing out the criminals at the government-ward banks.
Here is the other problem with the whole thing. Germany seems to be pushing for greater private sector write downs on Greek debt. The number floating around is 50%. While this is the responsible thing to do it isn’t really workable as a “solution.” Why? Because why would ANY other nation ever perform austerity and agree to pay their debt burden after that? They just saw that all you have to do is cheat and riot and the EU will give in because they will to do anything to save their precious little Euro project. So if Greece gets away with not honoring its debts no nation will ever honor them and then you will either see the biggest chain reaction of debt default in human history or the biggest money printing episode since Zimbabwe. This is completely binary and there are no good outcomes. That is why nothing has been announced. I still think the chance of Germany pulling itself out has a much higher probability than people realize. To see some of the friction between Germany and France read this quick piece from yesterday http://www.cnn.com/2011/10/18/business/france-euro-summit/.
Life in a Looted United States of America
Let this message serve as a warning to Germany. If you follow the path to mutually assured destruction with the rest of Europe you will end up with what we have here in America. In a post looted America, the landscape is dominated by criminal oligarchs running around spouting lies via the media to the ignorant sheep. You see states like Louisiana apparently banning cash for certain transactions. You see Washington D.C., home of nothing productive or creative but rather a nest of immoral parasites take over as the highest household income from San Jose, home of companies like Apple and Cisco. You have the only good news from our Nobel Peace Prize winner President this year being the murder of two people. Osama Bin Laden (which I believe was a totally fake story) and now today Gadhafi. Wow, America really is number 1.
This is how a nation descends from one of productivity and innovation to ruthless, corrupt feudalism in a very short period of time. My message for Americans follows up from my email of two weeks ago. The reason the liberal mainstream corporate media demonized the Tea Party is because it threatens the status quo. The reason the conservative corporate mainstream media demonizes Occupy Wall Street is because it threatens the status quo. These are textbook divide and conquer strategies being used on the American people. Do not fall for it. Yesterday I read a really interesting gallup poll that stated: “Not surprisingly, Americans who consider themselves supporters of the Occupy Wall Street movement (26% of all Americans) are more likely to blame Wall Street than the federal government for the nation's economic problems. Supporters of the Tea Party movement (22% of Americans) are overwhelmingly likely to blame the government.” What is most compelling to me is that 26%+22% = 48% so basically almost a majority. All we need to do is teach people that Washington D.C. and Wall Street are now the same corrupt entity. They are one gigantic rogue trader sucking the lifeblood out of America. If we can unite these forces, which I can say with certainty agree on the important issues, we can put an end to the status quo and free ourselves of this bondage.
Peace and wisdom,
Mike
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It so nicely easy to focus on the evil word government.... when actually, it was never the official government alone, that brought misery.... but rather, the relationship between the gov and other major powers.... with the gov providing authority, and its partners providing policies.....
....oh wait, could it be, that the problem isn't specifically government, but rather ANY cartell-like setup???
Yes? Great, now tell me, besides of the moral appeal to authority, how could not any other cartell-like setup do the same? I.e., let's follow the naive argument of SOME (not all) libertarians.... lets cut down the gov radically... BOTH in terms of spending, as well as in terms of regulation....... kay, nice - everything is lalaland?..... oh wait, what if the power which the gov gave up, was merely transported to a handful of very powerful PRIVATE agents, who can now continue the same as before, just with a smaller "official" government? And let's not forget, such a setup can also evolve the other way around: start out with a small gov, have no means in place to keep power-inbalances in check - et voila, in theory someone someday could via non-governmental means have created a cartell, that now inofficially rules the nation.
Those of you who just focus on the gov, not just regarding the current situation, but generally regardless of the circumstances, are just reactionaries... you look at current crap, point fingers at current enablers... and don't bother at all to dig any deeper and understand the structural problem. Actually, if i had to hazard a guess..... i'd be so arrogant to claim, that at least some of those people, aren't even mentally lazy, but actually do not really care about liberty, fairness and so on AT ALL... it just serves as an excuse, to demand more capital to oneself.....
TL/DR? The problem is "crony"...... regardless of the model, ideology, system.
Correct me if I am wrong, Rynak, but what you seem to be arguing is that there will ALWAYS be evil people willing to abuse the system --- any system. And I probably would not disagree with you.
What you are overlooking, though, is that the power that such sociopaths could exercise within a free (or relatively free) society is vastly limited, as their abuses would tend (not always, but tend) to drive people away from voluntary dealings and interactions with them. It is ONLY through the concentrated power of government, which claims an exclusive monopoly of force within a given geographical domain, that those with evil intent can exercise their power over the whole of society, and with few or no inhibitions or negative consequences --- precisely as we are seeing with financial leaders and central bankers, for example, today.
I can't help but notice that the CEO of Wal-Mart, for example, cannot funnel taxpayer funds to cronies of his own, nor can the president of my local bank depreciate the national currency, nor can the CEO of Mobil conscript his workforce against their will and invade a neighboring country. It is ONLY through government connections, and positions within government, that such evil can victimize society as a whole.
Really, I am no defender of the corporate world, which I see as mini-fascism and NOT a natural product of the free market whatsoever. But as much as I might loathe most of "corporate culture", and the business practices of many ruthless bastards in the business world, their "power" is not only not on the same level as that exercised by politicians, it is altogether qualitatively different, and of a vastly weaker nature. Those who rail against "Big Business" and corporate fascism, I have noted, should really be blasting the cronyistic ties of those entities with big government, from whom all or almost all of their negative power over society really flows.
Oh, the "efficient market"-argument - as if that hasn't been refuted often enough. Here's how i undermine this "efficient market" - two times (and this isn't purely theoretical - it has happened dozens of times):
Variant 1: At first, i provide services which actually benefit people - or at least, services where people choosing to use them, benefits them more, than not using them. This can happen by me actually providing a great service, or just being among the first players. This way, i gain more and more marketshare. As a first evil step, i then increasingly start to subdue competitors - while continueing to provide my usual services. Now my marketshare rises even more, until i'm at 75% or even more. At which point, i'm the market maker. Unless i fuck up with my finances, i can now keep competition down, and design my services so that i gain the most, and my buyers the least.
Variant 2: Multiple large players emerge after a while - and merge. Then merge again. After a while, so few are left, that gangs and collaboration becomes powerful enough, to achieve the same as in 1. And of course, 1. and 2. can be mixed.
The appeal of creating a fair and efficient market exclusively by appealing to market efficiency, can be summarized like this: As by magic forever and ever the market participants make no mistake.... so that it will never happen that very big guys appear - or alternatively, good big guys, never turn evil big guys. Seriously, how naive is that?
But there is more. Let me drop the nuclearbomb, of how the idea of a fair free market is fundamentally flawed anyways, UNLESS it is complemented with something else (in which case, it CAN work, which is why i consider "free markets" simply "incomplete"!):
The core of any free market, is individual trading transactions - the act of individual exchange itself. What makes a transaction "fair" and "free"? Well, it becomes so, if BOTH, the buyer as well as the seller, can say "No" to an offer. That is: No one is *forced* to accept. So, a transaction can only be free, if both have the option of not executing it. After all, if one party cannot say "No", the other party can set whatever conditions it wants.
Right? Fine, but there is a little problem with this. A ridicously simple one. In a nutshell, such a market requires, that no one depends on anything! Instead, basically there must be ONLY optional luxury! In other words: The free market model completely ignores existencial needs! It ignores why we originally started trading at all!
What to do about that? Well, obviously, if every (or at least most) trades need to be optional, but not all trades are optional, then either some trades must be mandatory (which conflicts with with FM principles as well), or those mandatory trades need to be covered by something else than the free market. This however in turn would mean, that the free market isn't "complete", but instead relies on something else complementing it. Basically, the free market's purpose would only be optional trades, not the entire economy.
Oh, and let's not forget the earlier mentioned issues about "efficient markets".... also not solveable without introducing new aspects not covered by the original design.
Now, what could be the reason, that there never has been a pure free market? Guess what: If you cannot deliver, something else must deliver.... and if there are no good concepts about the "something else", you get shit.
Oh dear, where do i begin with this. Perhaps split it up into two aspects. For starters, the mentioned CEOs are very capable of making taxpayers fund themselves, and extorting the workforce.... the gov is all too willing to do that for them :)
Oh yeah, i know, i know "the gov is doing it! The gov is doing it!"..... >.> Well, why do you think it's doing it? BECAUSE THAT IS THE CURRENT ROLE OF THE GOV! It is tasked with the role of the enabler - and since it covers all that shit already all so well, no one else needs to do it.
You're argument is like: X is doing evil Y! So, let's just ban X, then evil Y will stop existing. Again: Are you even listening to yourself? This is so incredibly naive, that i don't have words for it. It is right on par with argumentations like "Tool X is used to do Y! So, let's ban tool X!".
The symptoms! The symptoms! Let's always shoot the messenger, rather than the problem.... less we need to address problems.
Here's my word of advice: BAN all those fancy terms out of your mind. Ban the words gov, "the people", "the market", unions, lobbies, "free market", socialism, libertarianism, fascism, collectivism, individualism .... and all the other shit... ban all those terms from your mind...... and start thinking about MEANING, not shells and vague categories.... force yourself to explain what you mean to yourself, instead of just sponsering word-deathmatches.
Because, of you start doing this, you'll begin to understand the structures and patterns of things, that you actually dislike and like..... as well as the behaviours you dislike and like.... and when you figure that out, all those ideological debates will feel like kindergarden to you.... or alternatively, a lunatic asylum.
If 'kak took your advice, he wouldn't have anything left to say. I would suggest, rather than outright 'banning fancy words from his tiny little mind' he should simply make a concerted effort to try and actually comprehend a few of 'em before attempting to use them in any more of his sentences.
I'm impressed Rynak. Ever read "Zen and the Art of Motorcycle Maintenance"? You last paragraph could have come right out of its pages; quality.
I can deal with an Occupy Wall Street protestor who backs Ron Paul for President, but I cannot deal with a Tea Party member who considers the "Three 'G's" to be the top priority of government.
Check out the so-called "Christianist" and "pro-family" web sites and groups. They are demonizing the OWS movement.
The Amerikkkan Radical Religious Right scares me more than does the radical Muslim population of the Middle East.
Why? Because I don't live in the ME, I live in Amerikkka.
Seems to me that the Tea party crowd got Rand Paul elected.
The OWS'ers are the problem...where is the Jonestown Kool-aide when you need it.
Yeah, I guess we should watch out for all of the religious right suicide bombers. That's about as asinine a comment as I've read here.
Uh, I've got news...the Taliban is a conservative group. Project much?
I guess it would take a weinerdog to make such a boneheaded statement. Since you appear to need to "keep score", you should know that the Taliban is FUNDAMENTALIST not conservative. There's a rather significant difference. If you weren't such a bonehead, you would have already known that.
Hey there, Fl_Conservative! How you doin'?
I have been trying to figure out just what "conservative" means and all, 'cause I hear about it all the time, but still get confused. Sometime I think it means one thing, then along comes another issue, and damn if the 'conservatives' don't line up on the opposite side I would have guessed? I mean, WTF?
So, since you are one, could you please explain what a 'conservative' stands for? Clarity on this would be a big help, as I am trying to figure out if I, too, might just be one.
11b40, first let me say that there are lot of people and politicians that use the term "conservative" too freely, when they are anything but conservative. To be "conservative" should mean that:
1) One believes in liberty, freedom and equal protection under the law for each individual person, regardless what gender, race, religion and sexual orientation that individual might subscribe to;
2) Each individual has been bestowed with those inalienable rights by their Creator, of whatever religion or belief system they adhere to, and that no man (or government body) has the right to infringe upon that individual's rights; and
3) That government is by the people and for the people and was intended to be limited to the 18 powers enumerated Article 1, Section 8 of the US Constitution, and all remaining powers are left to the states to administer on behalf of their residents.
The problem with most so-called conservatives is that they pick and choose how each of these fundamental beliefs are interpreted. For instance, the belief that one religion in superior to another, or that an individual loses some of their rights because they are homosexual rather than heterosexual. It doesn't and can't work that way because that "slope" becomes too slippery to manage.
The other significant problem with today's generation is that everyone wants to assert their "rights", but ignore the personal responsibility they have for not infringing on the rights of others. As an example, many people today assert that they have a "right" to healthcare but ignore their personal responsibility to provide that for themselves. They immediately assume that someone needs to give them healthcare services, not recognizing that means they are infringing on the rights of others by placing the burden to subsidize that healthcare cost. It would be like a doctor being forced to provide service at gun point because a third person wanted health services but didn't want to pay for it them self. And yet, that is deemed acceptable by many because the one in question "can't afford" that cost. But, its okay for them to have an iPhone, high-speed internet service, cable or satellite, to smoke or do drugs, etc., and no one holds that person accountable for their choices.
The argument is similar for the TBTF banks and the bailouts/TARP. Those institutions made choices as to what risks they were going to enter into, so why is the financial burden now placed on each individual American to pay for TBTF's mistakes. If they fail, it's their fault and their problem, because it was their choices that led them to that result. Just the same, if they had made wise investments that reaped huge profits, then they should not be castigated or cast out for their success and the financial reward they generate from that.
Capitalism is treated like a dirty word when the real problem has been the crony special interest that has infected such a magnificent system. Career politicians and their desire to over-reach on behalf of the "little guy" is a convenient lie they tell to buy themselves votes every election. They've used and abused the "general welfare" clause to justify social security, medicare/medicaid, affirmative action laws and the creation of any number of the departments and agencies of the federal government. Republicans (like the "compassionate conservative", "W",) are just as guilty as Democrats in these areas, as all of them want to have a long career inside the beltway. It all won't stop unless enough individuals begin to vote for representatives that will respect the Constitution and the rights of each individual. Unfortunately, that will be a SLOW process. Hopefully, we'll be able to accomplish this before imploding from within.
Sorry for the long, rambling answer, as I could go off on tangents regarding various points here all night long. Hopefully, some of this helps you out.
Your answer is much appreciated, and based on your description, I find I am largely still a conservative. As someone who became politically active in high school as a Goldwater Conservative, I have been closely watching for a long time. Soon, however, the Republicans found themselves on the wrong side of the civil rights issues....and both parties lost me on the VN 'police action'.
Nixon escalated the war (illegally), did away with the gold standard, and opened up Communist China to trade with us....pitting slave labor against America's workers, industry, and tax base.
By the time Ronnie Raygun arrived in the White House, I was largely done with both parties. I still thought I was pretty conservative, but when the Gipper married his party to the 'Christian' right, I was confused again. Then, he went into full-blown deficit mode, and I realized I had no idea what folks were talking about when they said the word conservative. By the time we found out about Iran-Contra, and other military adventures conduted on our behalf illegally, and it was obvious that the Constitution had been shredded, I was pretty sure that I was not a conservative anymore. The Ne0-c0ns had taken over...and I'm not certain what ne0-c0n means, either, but I am pretty sure I don't like 'em.
I had hopes for George the Greater, but alas, his sell-out and pandering had been total.
When Clinton came on the scene, it semed that the GOP contracted a bad case of rabies and went full bore apeshit. NOTHING matered beyond getting rid of him. Not the Constitution, and not the good of the country, and certainly not unity. This was where the seeds for our totally dysfunctional government of today were planted by the likes of Newt Gingrich (G0-Pac) and Tom Delay. Man! If those dudes were conservatives, I was truly perplexed. Not only did I not know what a conservative was, I could not even figure out why anyone would want to be one.
Then came Bush the Lesser, with exploding deficits, never-ending war based on lies, Das Homeland Security Department, and tons of secret Presidential directives and 'interpretations'. This dude essentialy set himself up as an emporer and ignored the Constitution at will.
I, too, could go on and on....and include plenty of examples of Democrats abusing power as well, but the point here is this: We have much to agree on, especially when it comes to the basic issues...the big things that should command the focus of our leadership. All the labels and 'isms' are not helpful and only serve to divide. All of us should be calling out these scumbags that run for office on both sides when the labeling and name-calling starts. Negative advertising and demonizing of the "other side" may win elections, but it sure doesn't help the country.
Somehow, these 2 parties must come together for the greater good...or we have to go another way. A 3rd party? Maybe. I don't know, but the wheels have been set in motion, and something big is coming our way.
All the best to you, Fl_Conservative.
Nice post, 11b40.
I used to think I was a "conservative", or at least sympathized more with what are/were generally considered "conservative" positions, until I discovered what the word "libertarian" meant; then, I realized that THAT was what I truly was.
Today, I consider the slop buckets of political opinions labeled "conservatives" and "liberals" to be nothing but schizophrenic and nonsensical piles of mutually contradictory and logically absurd positions, with no rhyme nor reason for the division of beliefs within each. What makes opposing abortion AND being a kneejerk warmonger the "conservative" position, for example? Why is it "liberal" to be (relatively) strong in defense of so-called "civil' rights, but an automatic authoritarian when it comes to economic rights? Both camps, in my view, are composed of mutually conflicting beliefs assembled in the most arbitrary and nonsensical pattern.
I appreciate the complement, and agree that the contradictions are just too glaring to take any of the labeling seriously. It really is too bad that so many fearful mental midgets are caught up in the game and can't seem to understand what is really important. We all have so much in common, yet it's the ship on the margins that keeps us apart and paralyzed. Reckon who benefits from that?
at the risk of popping bubbles, here's my take:
Conservative/republican/whatnever rightwing party in a given country:
Supposedly: rejective, egoistic, reductionistic, traditionalistic, nationalistic (read, we'll destroy those foreigners)...
A combination of individual and national egocentrism. Or in short, self, national, national and creative introversion.
On the other hand, a supposedly "leftwing" party:
Supposidely: aggressive, altruistic, holistic, trendy, internaltional read: we'll assimilate those foreigners)...
A combination of individual and international altruism. Or in short, self, national and creative extroversion.
No implication of relationship at all of course.
Whoops, yeah right - entire ideology, politics, wars, stupid laws, morals - and really everything about braindead modern human culture, is based on: Assholes vs. whores. You know, the kind of assholes and whores, that REALLY like to fuck with each other, while claiming to reject each other.
I'm dead serious - i actually claim, that THIS is the current (and recent, and recently past) current state of civilization: Gender.
Yup! And no, it has nothing to do with natural, "human nature" or any other stupid modern god... it purely is cultural free choice, plus perhaps technology acting as an "enabler" (more on this aspect, some other time).
Yes, we really are waging wars, and ruining economies, at least on the justification and appeal, regarding pussies vs. penises.
Human civilization == brain-amputated lunatic asylum.
oh, and akak - i'm sorry for having interrupted in an earlier thread, without realizing, that your opponent, was either braindead, or a sockpuppet.
No problem, Rynak, and I appreciate your thoughts, and give you credit for having made a good faith effort to engage him, despite it having been for naught.
Ack! You left out domination & control..the lust for power.
Oh, you mean the ones that shoot doctors?
Like the idea, but it will never happen. Two different groups who are identifying different sides of the same coin as the problem...which is a start...but with radically different solutions. Tea Party won't put up with regulation of Wall Street and corporations, OWS won't put up with the removal of the government teat. No way to consolidate those ideologies. Sounds more like a recipe for Civil War II when the status quo finally goes.
Agree. This political atmosphere is what I'd imagine before a Civil War.
...but, but, wasn't President Sotero going to end that pernicious DC/Wall St symbiosis? Hope and change, I am sure that's what he said
the fed is a big fat piggie bank for the big fat piggie bankers.
And they have no exclusive legislative authority (jurisdiction) over the people of the uNited States of America unless you consent or you live in Washington dc or any of its territory. All laws repugnant to the constitution are null and void, Marbury v Madison.
The remedy is ours for the taking
Uniting mobs that are for the most part, quite fractured, is a bad idea. Many protesters are completely at odds with other protesters, they cannot will not be in line to back issues that they don't agree on.
Here's what probably happens: Mobs set out, we have another banking 'crises', government panics, mobs turn on each other, war plans get hatched and it all goes the way of all history, which is to say unpredictable.
Best to steer clear of major cities, have resources ready and have plans to rebuild.
Maybe the TP and OWS can form the new third party in politics
My 10 day chart looks like a heart monitor when someone is in VFIB.
CLEAR......I mean.....PRINT......1,2,3,4,5,6.........PRINT
Both sides (TP & OWS) have legitimate gripes yet neither has the proper solution(s). I just want some free granola and to be left the fuck alone.
Tea Partiers are the ignorant lackies of the 1%.
Hardly! Tea Party activists tend to be upper middle income, well educated, small business owners, families, and VERY anti-establishment. That's why establishment types and the news media malign and lie about them so much. Don't believe ANYTHING the MSM says any more -- especially about the Tea Party. The Tea Party stands for three things:
1) Constitutionally limited government
2) Fiscally SOUND government
3) Free enterprise
. . . and christian values shoved down your throat
and blind rejection of taxes, even if it means your own granny starves
and . . ahh screw you. You can't argue with a sick mind.
"You can't argue with a sick mind." You're proof that you can't argue with a bigoted mind.
Tell us. Do you whack it more to a Stalin doll or a Hitler doll?
Wow - you are really fucked aren't you? Like sick-twisted shit! Climb back into your cave, the future is gonna be really scary for imbeciles.
You are a disgrace to bagism.
And you're the posterchild the liberal media loves use to describe the OWS.
How about not throwing stones in your own glass house you bigot.
Ha, liberal media, haven't seen that in ages... what's next? The leftiest you have in the States is Amy Goodman... you have a long long way to go with your "liberals"...
Granny has a family, and if not we can bring back the county poorhouse.
The Feds have no business being involved in welfare and transfer payments.
Let each state decide how much socialism they want.
Bagism at its finest.
Tea Partiers were the first to stand-up against the 2008 bailouts. OWS only stood up after 99 weeks of free handouts expired. Who has the real spine here?
After Tea Party got hijacked by the neo-cons and became a castrated bastard of GOP, something was needed to be done. I still like TP, but I hate to see how they got destroyed.
Stood up by doing what? Buying Sarah Palin's book?
@note to self
Obviously, you are a victim of whole language reading instruction. You may want to try hooked on phonics so you can eventually become employable.
What about those of us who believe that BOTH the federal government and Wall St are to blame?
Bailouts, stimulus, and fed monetary chaos are welfare for Wall St. They are Wall St.'s eternal entitlement. BOTH are to blame!
People who think like that are Terrorists. Take your marginalization like a man and get back in line lest you be dealt with accordingly.
Thank you. Somebody has to say it.
Unfortunately, there are too many lunatics and dogmatic idiots on both sides for the coalition to materialize. It could be a real revolution.
If we can unite these forces, which I can say with certainty agree on the important issues, we can put an end to the status quo and free ourselves of this bondage.
can't see the USofOligarkistan being able to unite under a common cause, uniting red/blue, left/right, ying/yang, will not happen. Mediated propoganda, group think has been polarizing, factionalizing for so long now there is no point of reference left. The amorphous mass cannot focus it's energy in one direction, it is constantly being co opted, misdirected and lead away from the point of origin. you need a damn good sheep dog, but the minute one shows up it will get shot. good luck (no sarc)
I dunno. It would seem the religio-TPers are too filled with bile, hatred, and fear of the other in their utopian pursuits. Spewing the same shite as the priests since the middle ages: "Work you ass off, serf, and maybe you'll be rewarded in heaven."
At least #OWS has kindness, smiles and good music. Sheesh.
Get over the divisiveness, or go cower in your bunker, but whatever you do, don't go out in the street to express yourself, or stand up to the gov-bank corruption.
You seem to imply in this article that there is some sort of collusion between Wall St and DC. That’s just crazy - I mean that would be against the law as well as being unethical. These bankers and Congressmen come from the best families, they went to the best schools, to imply that they are not superior in both judgement and honesty is like saying that the whole system is corrupt. That just can’t be…..can it?
Is that you, MDB? ;--))
Alert alert last 15 mins in today's market. Watch the melt up
Who is OWS patient #1? In other words, who really started OWS, organizing the first protest? Does anyone know and if so, are they still involved?
George Soros funded Adbusters. The Daddy Warbucks of lefty causes.
I first knew about them through Anonymouse and AmpedStatus
Fuck. We are all pawns, pawned and pwned. There is no good way out of this.
I agree for the most part save one thing. There is one way, one truth and one way to life. Most will allow hypocrites and phony denominations to sway them. Along with manipulated history and science. The masses are and will be deceived. Once this all comes to a head every group will be looking for this to stop and accept darn near anything or THE one to end it all and save the world. However, there is truth and a way that leads to understanding. It's not going to be pretty but it will end well.
What an idiot this krieger buffoon is. OWS are ultra hard line communist-nihilists at best. Sounds representing nothing at worst
Did y'all see this yet? http://www.techdirt.com/articles/20111019/17424316421/louisiana-makes-it-illegal-to-use-cash-secondhand-sales.shtml
No more legal cash transactions for secondhand transactions. All in the name of catching crooks, of course. Probable cause for the Po Po at all times...
Doesn't that violate Unites States Legal Tender Laws?
for real. What about that fine print, that says some shit like "Legal for all public and private debts" ? I like how the VIPR and TSA teams are feeling up bus riders and truck drivers in Tennessee today, too.
What the hell is going on... did I miss something?
That's your great TP hero Bobby JINDAL for ya.
another tool and fascist in little sheep gettup.
Suck them off all the way to the chambers you fools.
Jindal and the rest never met a viper they didn't cream over.
What is most compelling to me is that 26%+22% = 48% so basically almost a majority. If we can unite these forces, which I can say with certainty agree on the important issues, we can put an end to the status quo and free ourselves of this bondage.
Basicallly White people. Uniting them would entail breaking the greatest taboo in our Judæo-Liberal Orthodox Church-State, and most would fight you or committ suicide before publicly breaking that taboo. That was apparent long before OWS and TP.
What is most compelling to me is that 26%+22% = 48% so basically almost a majority. If we can unite these forces, which I can say with certainty agree on the important issues, we can put an end to the status quo and free ourselves of this bondage.
Basicallly White people. Uniting them would entail breaking the greatest taboo in our Judæo-Liberal Orthodox Church-State, and most would fight you or committ suicide before publicly breaking that taboo. That was apparent long before OWS and TP.
What is most compelling to me is that 26%+22% = 48% so basically almost a majority. If we can unite these forces, which I can say with certainty agree on the important issues, we can put an end to the status quo and free ourselves of this bondage.
Basicallly White people. Uniting them would entail breaking the greatest taboo in our Judæo-Liberal Orthodox Church-State, and most would fight you or committ suicide before publicly breaking that taboo. That was apparent long before OWS and TP.
mikey for president!!!!!!!!!!!
"All we need to do is teach people that Washington D.C. and Wall Street are now the same corrupt entity. "
bout fucking time someone got it!!
This sums it up pretty well. http://www.youtube.com/watch?v=kBaSleQCl3I
Nice try Mike, or not. The USA Today front page this morning shows a couple idiot women with matching "Arrest the Tea Baggers, Not Us" signs. I truly believe that higher taxes on the middle class are a sacrament to these people. Either that or they are truly too stupid to do basic math.
Who am I trying to kid. I KNOW IT'S BOTH.
Australian bank default?
http://www.marketwatch.com/story/australia-pricing-in-higher-bank-default-risk-2011-10-19?link=kiosk
Good thing that the Tea party members have all the guns.
Yeah, makes me feel so secure to have a bunch of Christ-o-wackos/goobmint eeevil saatan/no-abortion-women-to-the-kitchen/we-don't-get-it-but-we're-the-front-for-Koch-and-friends kind of guys with all the guns. I feel so safe I need some more clonazepam...
It's better than a bunch of government loving social welfare-I have a lousy degree now I want everybody else to pay for my student loan- Eco fascist- al Gore worshiping / Obominoids- I don't want to work so I want some of everybody else's labor- lazy sclubs that contribute nothing but want piece of everything loosers having the guns. We already know that you are takers in society Lord help us if you actually got a job and bought guns.
I guess you'd rather want government haters (thus lovers of big business as owners of the political system)/big degrees on finance and failed economics of today/I want everybody else to pay for my bonuses/Milton Friedman worshippers/Reaganoids/I don't want to work in anything productive so I want some of everybody else's productive labor/ lazy sclubs that contribute nothing but extract a piece of everyone through complex financial schemes/merchants of weapons who instill permanent wars and occupations abroad. We already know you're the moneychangers at the temple Lord help us if you actually get a productive job and stopped pushing weapons on everybody and their grandmas.
I'd love to continue this exchange but I must go to work. You see I have a family of five to provide for. Plus I have to provide for lazy schlubs like yourself who like to take rather than produce. And for the record... Just because we have a healthy distrust of government (instead of a misguided blind faith) doesn't mean we support big business. Corruption if any sort is unacceptable. So you go back to your Xbox now. I'll go work towards your student loan.
I love your construction of myself as a straw man, as if you knew me. I also love how you want to escape the conversation through the "I'm better than you" kinda bullshit. Healthy mistrust of government is OK. What's not OK is the unhealthy distrust you see everyday here, that which goes hand in hand with that reduce government as to drown it in a cup ideology. I'm also very much distrustful of my own government (I'm not a US citizen, nor do I live there), but I recognize the importance of having a governmetn as a referee. And also I understand that if you're willing to allow BIG BUSINESS, you'll require BIG STATE to act as checks and balances. Don't want big govvie? Then don't let big biz to exist.
I'm going back to my work, in fact, I have to leave, it's 19hs here and I have classes to attend to. Thank you for your time and straw man construction, sir. And no, I don't own no gaming device a-la xbox or that sort of bullshit. The only gaming I do is i-go.
Professional student, or nitwit academician?
Student who works.
Wrong-o, Dr. E
This has always been: The Iron Fist Behind the Invisible Hand.
Well intentioned article but IMHO, the remaining 52% are so stunningly ill-informed and ignorant, no cohesive movement will ever be formed. Moreover, they will remain so of their own desire. I'm reminded of an old adage...you can tell someone they're ugly, you can tell them that their feet stink, but don't ever try and tell somebvody they're stupid.
To Tyler's point,
Some see America as a welfare-state.
But it's a corporate welfare state.
That's been the big lie during the last bunch of years and it intensified during the crisis. The taxpayer supported and supports supposedly private enterprises either directly (bailouts, QE, tax subsidized major oil companies) or indirectly (all major corporations are dependent on rolling huge debt monthly, and the Fed bailed out the capital markets and still is via the Bernanke put).
Who taught you arithmetic?
I'll say it again....
Are ya listening benny...
can ya feel the sentiment...?
United Snakes of America.
Corrupt,Bankrurt Nation.
Citizens exempt.
Special Delivery For Mr. Ben ... resign before we arrest you and put you in jail.
You might actually think about leaving the country. Not sure who'd take though.
Many years ago when ZH started, each exhortation against the corrupt system and impending crash was met with a "ok so what do we do about it" from the crowd. Well now there is the Tea Party and Occupy Wall Street for the activist minded who still want to DO something. Bringing together these two movements should be of the utmost importance for all involved.
Visit the websites, and let the groups both know what Kreiger has so presciently pointed out: Wall Street and the Government are one singular entity
http://www.nycga.net/ - Occupy Wall St General Assembly
http://www.teapartypatriots.org/
UNITE!
STEAK!
Steak, you always had it.
Come on everyone! Lets pull together and convince as many as possible to vote for the democrats next election. With 100 democratic senators, and 445 democratic congressman, and Obama re-elected, Utopia is right around the corner. Obama and the democrats will teach those rich bankers and wall street a thing or two.
But Mike, it's not so much about "divide and conquer" when the Tea Party originated from moneyed financial jocks, is still supported by moneyed financial jocks, and will never support a policy which will meanless for the moneyed financial jocks. They have proven that over and over. And more, many of the originating members (more moneyed financial jocks) have already left the TP considering it became a branch of the Republican Party, more interested in Christianity, abortions, not teaching Darwing and all that sort of Sarah Palin/Michelle Bachman kinda bullshit.
It's not "divide and conquer". It's pretty obvious the tea party is an astroturf FOR the Republican party, or let's better put it, moneyed financial jocks. The divide and conquer starts when the movement is about guns and christ rather than a fairier, more just system for all.
And again, it wasn't me who said that it would be easier to pass a camel through the eye of a needle than having a moneyed financial jock enter paradise. That will tell you whose priorities those who mantain the Tea Party have. Not with the 99% of course.
I will not support any legitimization of the Tea Party unless I see evidence that it's not a front for more of the same 1%. I've already seen evidence of it being a front. I'm waiting for a counter.
I thought you had to go to class? Moron
Yeah, I had. And this was my first post, check the time stamp. MORON that later.
but then who is going to argue if 2 homos want to marry each other
This website is cute if you are short or have a general consipracy bias but as a trader you guys can't bring headlines at a worse time. If I bought every "END OF THE WORLD" story you guys do, I would be Warren B. Your headline that the mtg was cancelled was at 12:14pm.....The bottom of today!!!
if your checking this site for trading ideas you need to come out of your mom's basement
herp-a-derp
Hint:
Develop the ability to
READ
-----> BETWEEN
THE
<-----
or you'll not fare well here.
without government, you would not care what wall street did. They could not offload the consequences of their bad actions through the coercion of government onto the tax serfs. The initiation of force against the tax cows, is the only problem. Without it you would withdraw your support from bad companies and their failure would not affect you. Now it does.
On the other hand without wallstreet, you would still be a tax serf of your government who would demand more and more of your income as long as they could get away with it. And given a strong enough coercive machinery, with brain washed public education kill bots, they would have nothing to fear of the tax slaves and would easilt increase their taxes untill they felt they had enough money.
Voting is no rescue. It is an suggestion box for slaves. You own yourself and your labour, stop thinking it is just that your money get pooled coercively in a big pot to be spend by others. Rethink your premises.
When there is no state, there is no law. There is no referee. And you know what happens when there ain't a clear set of rules enforced? Might is right. And thus, might=big business, will end up pushing their own privilege over everybody else. For your information, privilege comes from privi legos, private law.
the referee is the customer. Currently right is might. The people who call themselves gvt are right and might. You are an expendible slave. In a society without special privilige for an elite, companies would have no other choice than to make good products, which customers voluntary bought. Big companies will be companies that made lots of people very happy, because the voluntary choice for their products. Such companies are not to fear, but a blessing. You are not forced to buy their products.
You vote every day with your money. Spend it on this or that. Bussinesman would track your preferences and produce what is needed.
Now, the produce whatever and send a lobbiest over to DC to legislate it and make it mandatory. Pharma makes vaccinations mandatory, Monsanto makes their crappy food mandatory and controls all positions in the FDA. Now they have a coercive machine to dump their trash on you and you have to take it. In a voluntary society this coercive machinery would not be there.
Kinda idealist to believe the referee is the consumer. That would work on perfect market conditions, which mean, perfect flow of information. And that's just a theory postulation and doesn't exist in reality. In fact, the consumer knows very little about what's behind the products. More since the crazy deregulatory policies which allowed corporations to push products without disclosing potential problems with them.
why would that only work with perfect flow of information? If a product sucks it would even send customers away if not all of them were perfectly informed.
The question is:do you want to decide yourself about what you buy or sell, where you work and where not, even with imperfect information OR
do you want to be coerced by a politician who makes a law and commands you under threat of violence to buy some things and not others and work here for those wages, but not there for those wages.
If you answer that question with:I like to be force by a politician, who has my interest at hart and heas better information, it is enough to vote once every 4 year and he will take care of my interest,........ you are toast.
and if enough people are made to think that in gvt run schools, I am toast as well I am afraid. Colleteral damage of the welfare warfare state, which grows ever in power size and violence, to consume all.
It doesn't work because without perfect information, and without the state acting as a referee, you just can't make right decisions. For the simple reason that a good decision is based on good information. Bad informatio, bad decision. And companies might even collude with themselves (as they do now) to avoid any sort of meaningful informatoin to be known. If nobody forces them to be honest and to abide to a common set of rules, there's the incentive to cheat. And when there's money to be made by cheating, cheat there is. That's an historical constant.
"do you want to decide yourself about what you buy or sell"
What decision can I make without information? Without any enforced rule to make companies release truthful information about their products, I WOULD NOT BE DECIDING FOR MYSELF. I would be deciding on information they passed unto me, and which might be fraudulent (like them banks do with their proprietary research releases...). And thus, THEY decide for me, even though I might live in the fantasy that I'm deciding for myself.
"do you want to be coerced by a politician who makes a law and commands you under threat of violence"
The thing is that with politicians you have certain tools for checks and balances, like voting them out. You don't have such tools with corporations. After all, you vote your representatives. You don't vote the chairman of a corporation.
"and if enough people are made to think that in gvt run schools"
There are things which are done more cost efficiently when done in big scale. That's education and health, for example. I live in a country where during the 90's, the public thing was very much forgotten and covered by the shiny gadgets of individualism and "free market" washington consensus. Thus, public education funding failed. There were private schools, in fact everyone not below poverty lines goes to such schools. And they suck very much, and are a lot more expensive than the much better education public schools used to provide. But don't worry, you'll soon see that in the US too. We'll talk about it then.
It's all really simple. To concentrate power, not even being the equivalent of the great railroad robber barons or the giant petro cartels are big enough today. Lead pursuit to shoot down the productive economy and reap the spoils requires control of money as Rothschild et al knew over a hundred years ago. To protect their concentration and accumulation of wealth, the wealthy also need to control the politicians. How to do this? Simple. Bribe them. But this takes money. Gobs of money. So, establish a fractional banking system (Hello, Fed). But that needs money too. Where to get it? Simple. Tax the people. Use the money to give the politicians the means to give it all back to a majority of the people, mostly the non-productive eaters, who naturally think they will now be set for life, and are only too happy to vote themselves more gravy.
The banksters benefit from the first pass effect of new fiat money into the system. Just like a river that is tapped upstream, very little water, and mostly polluted at that, is left for those downstream, just like the consumer
who winds up with the money which as been stepped on, and becomes worth less by the day.
Welcome to chump city, all you working, productive middle class peoples.
The only thing politicians return for the bribes is legislation to force the serfs in the direction of the briber. If the serfs were not the mental slaves of their government, the politicians would have nothing to sell. Only the presence of universal coercive legislation, makes bribing the politicians who make this legislation, profitable. The politicians control a whole pyramid of serfs, so ofcourse smart people go there to get access to the income of these serfs. Politicians are the dealers in tax slaves, because most of the tax/regulation slaves believe the politicians. Those who don't will be forced by the threat of violence, jail. As long as there is a pyramid with a sensitive tip to control the whole base through coercion, you will have corruption.
The gvt has no objections to central banking and fraction reserve banking. They love it. Fot themselves. They want power over people, that is why they are in politics. A central bank gives them that. To think the gvt is really good, but corrupted by bankers, misses the point and wastes a lot of valueable time and effort. They coerce you to do what yo udo not want to do and are prepared to use deadly violence. They are not your friend. Gvt's killed 200 million people worldwide last century, google democide. That excluses wars.
Excellent post pcrs.
I like the cut of your jib.
@.." To think the gvt is really good, but corrupted by bankers, misses the point and wastes a lot of valuable time and effort."....
.
dear friend, it is not that government is good, it is
that government is... and must be made good or destroyed
and then....you will see, government will be made anew.
so, government appears. it is. it emerges inevitably
either as an expression or as a response to an expression. i am speaking of the real history of the species here. perhaps some day it will not exist at all and that will be in accord with the universe and its dynamics? perhaps not. as it is, government exists and it is up to you and me and all the people to make it good rather than make it a shit hole show.
government is like a hairdo. you can let it grow,
have a barber cut your quaff or cut it yourself.
ultimately, it amounts to little of significance.
show me the money! where resides your consciousness?
symbol? aka, how does the symbolic world relate to the
energetic world and what essential meaning is lost in
the transform or abstract dislocation? god forgive us
Maybe that is why I shave my head.
@ Million dollar bonus. Govt Regulation is what got us into this mess. We need to get money out of politics. Revert to a system similar to that of what Ludwig Von Mises described. It needs a modern twist but it is the only step in the right direction.
I dedicated a post to ievi
http://tradeonfire.blogspot.com/2011/10/ievi.html
Blow me....
and blow me again
$2.3 million
;) Got ya bitch
Excellent, Mike: “Taking on the status quo.”
"War Party conservatives” such as Kristol, Limbaugh, Hannity, et al., have tried to bend Tea Partiers to their pro-Pentagon, anti-Muslim masters while the welfare state public service unions, feminists, open-borderers and the Democrat Party have tried to get in front of the OWS parade (commentator Ed Schultz: Obama needs to get in there and make this protest his own).
The same identical reason brought Tea Partiers to the town halls and OWStreeters to the streets: they had finally had it with the tyranny of the U.S. financial system and the cartel running it to amass its own private store of obscene wealth and power.
Greetings JR
Like the Tea Party, the power brokers will attempt to marginalize OWS or co-opt it under a bigger tent before they smother it.
As Weimar debased their curency, many groups both left and right were in the streets.
Unfocused anger will become drawn towards a common thread, even if this boils down to bankster blood.
Under the guise of socialism, Hitler coalesced unemployed and disgruntled Germans.
#OccupyWallStreet should form a Grand Jury per Article 61 of the Magna Carta and file presentments against Congress, the TBTF and the SEC. This is Lawful with 900 years of precedent.
OWS can be a 2011 version of the continental congresses of the war for independence.
uh huh
If the OWS wanted to stop Wall Street they would have marched on DC back in September 2009 when everyone was pissed at the bailouts. Where were they?
Turns out money talks in Congress and not the protests or constituency phone calls that melted down Capitol Hill switchboards as they did during the Paulson-Bernanke dog and pony bailout performance in 2008.
Or does it? With four out of every five dollars of the $2.5 trillion in revenue collected in 2007 by the federal government from taxes, you’da thunk our “reps” would have listened to us.
But they didn’t.
It turns out that a paltry pay off of $2 billion by Wall Street banksters to federal candidates and political parties from 1989 to 2007 trumped our trillions and hit the bailout jackpot, winning for the TBTFs’ first bailout performance $700,000,000,000 to $1,300,000,000,000-and-growing-by-trillions per bailout jackpot.
The Center for Responsive Politics reported congressmen who voted for the bailout-the-bankers bill took in 151 percent more in campaign contributions from the FIRE (finance, insurance and real estate) lobby than those who voted against the giveaway.
How else then, to get Congress's attention?
God forbid we should ever be twenty years without such a rebellion.
The people cannot be all, and always, well informed. The part which is
wrong will be discontented, in proportion to the importance of the facts
they misconceive. If they remain quiet under such misconceptions,
it is lethargy, the forerunner of death to the public liberty. ...
And what country can preserve its liberties, if its rulers are not
warned from time to time, that this people preserve the spirit of
resistance? Let them take arms. The remedy is to set them right as
to the facts, pardon and pacify them. What signify a few lives lost
in a century or two? The tree of liberty must be refreshed from
time to time, with the blood of patriots and tyrants.
It is its natural manure." – Thomas Jefferson (1743-1826), U.S. Founding Father, drafted the Declaration of Independence, 3rd US President
WS has hi-jacked Washington and justice czar Holder is looking the other way!!
The proof is that during a recent press conference Obama declared that no laws were broken during Sub-prime and Tarp; yet the banksters were settling all sorts of fines left and right....so if the banksters were so innocent why the hell were they paying up so swiftly????
Hey Holder, when are you going to put yr pants on and do yr job!
Laws? Bankers don't need no stinkin' laws!
It’s official, bankers trumped justice by playing their “GET OUT OF JAIL FREE Monopoly card, according to Jesse’s Café Americain. Here’s the July 2011 story:
Not Prosecuting Corporate Crime Aggressively Has Been US Government Policy Since 2008 :In case you were wondering what the Congress and the Administration were doing with all those faxes, cards, phone calls, and letters you were sending in about the need for financial reform and tougher law enforcement, they decided to make it official policy not to aggressively prosecute the laws against white collar crime in 2008. Another innovation in outsourcing justice through extended self-regulation...
The guidelines left open a possibility other than guilty or not guilty, giving leniency often if companies investigated and reported their own wrongdoing. In return, the government could enter into agreements to delay or cancel the prosecution if the companies promised to change their behavior…
The guidelines left open a possibility other than guilty or not guilty, giving leniency often if companies investigated and reported their own wrongdoing. In return, the government could enter into agreements to delay or cancel the prosecution if the companies promised to change their behavior…
http://jessescrossroadscafe.blogspot.com/2011/07/not-prosecuting-white-collar-financial.html
Well put Mike, let's end this bullshit.
Solution is simple. Abandon the infinite growth paradigm that is driven by debt-based fiat currency and fractional reserve, compound interest banking. Nothing in the natural world can grow forever, especially exponentially. Return to local living, resource-based economies. Find our way back to nature and live with it rather than against it.
Yeah yeah yeah! I know. Not going to happen. May we all rest in peace.
I don't come for trading idea's. I at least expect the f-ing headlines to be correct. These guys (Tyler's) are a bear mkt blog/scam. They are reverse Jim Cramer. Look at ZH's track record!!!
Then we won't expect to see you here again. Bye bye.
Ron Paul for President !!!
Gerald Celente : Wall St is Washington and Washington is Wall St
Gerald Celente on RT America 19 October 2011
.
http://geraldcelentechannel.blogspot.com/2011_10_19_archive.html
.
9/11 Masterminds
http://www.youtube.com/watch?v=YEQOh2NVVLo
.
“It’s disconcerting to see how connected things really are.”
Posted on October 20, 2011 by maxkeiser
http://maxkeiser.com/2011/10/20/its-disconcerting-to-see-how-connected-t...
.
Webster Tarpley : cut Wall Street & Corporate welfare
http://geraldcelentechannel.blogspot.com/2011/10/webster-tarpley-cut-wal...
.
Testimony of Libya - Lizzy Phelan
http://www.youtube.com/watch?v=RFvpfkUyBqE&feature=player_embedded
.
In the second half of the show, Max Keiser interviews Michael Betancourt about the threat that Occupy Wall Street presents to our modern form of capitalism which relies on ignorance and passivity in the population in order to operate schemes of fraud and bubbles.
[KR199] Keiser Report – Live and Let Fail
http://maxkeiser.com/2011/10/20/kr199-keiser-report-live-and-let-fail/
.
http://www.informationclearinghouse.info/article29461.htm
The Son of Africa Claims a Continent’s Crown Jewels
By John Pilger
...
.
"Like the “victory” in Iraq, journalists have played a critical role in dividing Libyans into worthy and unworthy victims. A recent Guardian front page carried a photograph of a terrified “pro-Gaddafi” fighter and his wild-eyed captors who, says the caption, “celebrate”. According to General Petraeus, there is now a war “of perception … conducted continuously through the news media”.
For more than a decade the US has tried to establish a command on the continent of Africa, AFRICOM, but has been rebuffed by governments, fearful of the regional tensions this would cause. Libya, and now Uganda, South Sudan and Congo, provide the main chance. As WikiLeaks cables and the US National Strategy for Counter-terrorism reveal, American plans for Africa are part of a global design in which 60,000 special forces, including death squads, already operate in 75 countries, soon to be 120. As Dick Cheney pointed out in his 1990s “defence strategy” plan, America simply wishes to rule the world.
That this is now the gift of Barack Obama, the “Son of Africa”, is supremely ironic. Or is it? As Frantz Fanon explained in Black Skin, White Masks, what matters is not so much the colour of your skin as the power you serve and the millions you betray."
www.johnpilger.com
bottom line.
wall street wants africa and they
are going through washington, lawlessly
and immorally.
yep it's the same old game and neither the Tea Party fascist or the OWS socialists care as long as their drugs are paid for by the nanny state.
neither worth dog vomit.
hold on
.
"they hung a sign up in our town
if you live it up you won't live it down..."
.
Hold On
http://www.youtube.com/watch?v=ovuPvITFptc&feature=related
.
"standin' right here
you got to hold on."
EURO ZONE BANS NAKED SHORT SELLING & CDS RULE CHANGE,...
The proper response lies in adjusting the mechanics. If you want to kill speculation, you need to increase the cost of speculative credit. This is not yet the case, but two other flaws are now being adressed in Europe.
CDS (credit default swaps) derivatives owners will have to have the paper the CDS insures. This seems insignificant, but until now banks could trade insurance policies for risk they where not exposed to (for instance other peoples life insurances). This meant they had an incentive to bring about the insured defaults! This also meant a huge credit expansion that resulted in a highly connected 'financial system' that could 'collapse', through the 'suicide ribbons' each bank held of other banks. Tirggering a CDS means such a payout for the owner, that this could immediately crash the banks involved, and because they own CDSes on each other, they would all be history within hours. Now these ribbons will be cut, the start of recovery...
Naked short selling (selling short where the stock offered does not exist) will also be banned, it allows banks to trash a stock (by offering millions of shares for sale) without ever owning one share!
In other news it's announced that the European Commission will now raid financial companies unexpectedly to clamp down on percieved euribor cartel acitivity and derivatives irregularities. Didn't know the EC could do that, but this is again a positive development.
The EC also proposes to silence the rating agencies, which effectivly removes their ability to direct the market to put countries under financial stress.
I don't remember the exact details but back when the TEA party first formed, the Dept of Homeland Security released a statement about the people involved being threats to national security, along with militia members and returning veterans. I wonder if they feel the same about people affilliated with OWS?
The people the gvt was concerned about were NOT Tea Party,they outed themselves. know that for a fact.
We were never bought off by fascist Koch or socialist SORRos.
We know who the enemy is. feel that cool breeze on your neck..............
The Tea Party has been turned into another group of nanny state voter clones and the OWS clowns are in pens chanting protest songs.
Why in the world would either of those cause much concern.
They are done before they started.
"Anyone who believes in US (American) exceptionalism"
the term does not imply superiority, put simply it implies unique and non-traditional concepts rooted in individual human liberties and rights permanently endowed by a Creator, not to be granted or toyed with by government; with a unique Constitution strictly limiting government intervention and traditional forms of tyranny and collectivist excesses including triballism, monied interests, emperors, kings, monarchy and know-it-all politburo progressives (dickhead control freaks). Collectivist central bankers with fiat printing presses are primary among these groups of itinerant looters. That is the original meaning of the American Exceptionalism experiment, which is now severely bastardized along with the original intent and protections of the Constitution.
- tom
1. the majority is stupid. that works for either party.
2. the lefties dont want to play with the righties. and dont worry, the dumbocrats are co-opting the peoples charge.
3. the righties dont want to play with the lefties. the rupugnants already co-opted the Koch Bros tea-bag festival.
4. the stupid (Not! ignorant, you can educate and ignorant person) people will divide themselves just like 5th ave. wants them to..
5. so that wall street can continue to buy Government and rob from the other 99.9%.
I just cant wait for the crack downs! we need another Kent State!! maybe then we will have a ball game!
Washington, D.C. ... a nest of immoral parasites.
A jewel of a phrase.
Wall Street. ... a nest of immoral parasites.
A jewel of a phrase.
-fixed
http://www.youtube.com/watch?v=kKUjXM7SGHs Snooks Eaglin - I Get The Blues When It Rains . ... found . Guitar Slim - You Give Me Nothing But The Blues http://www.youtube.com/watch?v=1AsEmx8OpXs