According to a blogger over at The Atlantic:
It makes perfect sense that Goldman Sachs alums would end up in positions of power across the world for two reasons. First, they are some of the smartest people in the world — that’s why they get hired by Goldman Sachs, the premier investment bank. Smart, ambitious people always end up in positions of power, as they should. Second, they make boatloads of money at Goldman Sachs. As everyone knows, once you’ve got enough money, the next thing you want is power. That’s why they end up pursuing such positions post-Goldman.
Bankers are smart?
Okay, so bankers have come up with complex weapons of financial destruction that nearly blew apart the world financial system and they were smart enough to get the taxpayer to bail them out but are they really smart?
Remember Enron, one of the largest corporate frauds in history? It was filled with “smart people“:
Enron was a star system. “The only thing that differentiates Enron from our competitors is our people, our talent,” Lay, Enron’s former chairman and C.E.O., told the McKinsey consultants when they came to the company’s headquarters, in Houston. Or, as another senior Enron executive put it to Richard Foster, a McKinsey partner who celebrated Enron in his 2001 book, “Creative Destruction,” “We hire very smart people and we pay them more than they think they are worth.”
What is parading as “smart” is really just criminal behavior. You make and break rules at your whim, you destroy the wealth of others at your whim, you call yourself smart? I call that criminal.
In lieu of taxes, cities and municipalities in Texas have resorted to traffic laws as a means of extortion.
Working on the Chain Gang
A couple of weeks ago, the local paper printed names of El Pasoans with outstanding arrest warrants. 78,000 El Pasoans made the paper! What’s going on here?
Here are the facts. Of the 78,000 almost all are for moving violations. In fact, most are violations of the Texas Driver Responsibility Act of 2003.
There oughta be a law…
Ben Bernanke is shooting blanks, his bluff has been called. The last resort to protect the US Dollar is the US Military. While much is made of defending the value of the dollar for the sake of the US taxpayer, it is smoke and mirrors, the elite don’t care about what you can buy with a dollar, they are only interested in maintaining the dollar as the de facto world reserve currency (paper gold), this is what keeps them in power.
The Bluffing going on in the debt markets has been called, US debt is worthless. Nations are no longer playing the game of paper charades with the US Treasury and the Federal Reserve Bank. The administration will soon be unable to finance the vast empire that has become the USA, it stands to lose its influence and power. So, while herculean efforts have been made to prop up a hobbled economy with market manipulations that run under the guise of TARP, TALF, PPIP and other silly acronyms, there is one last card to be played: WAR.
Bernanke, Paulson and Lewis should be in jail, under indictment for securities fraud. According to New York State Attorney General Andrew Cuomo’s letter to the SEC and Senate Banking Committee on the Bank of America, Merrill Lynch Merger The three men conspired to keep investors in the dark as to the truth in regards to Merill Lynch’s deteriorating financial condition. This caused huge losses to stockholders of Bank of America. The stockholders are the “little people”, why should they get truthful information from the Federal Reserve, The US Government or the Company CEO. Because only little people take it on the chin when the elite need to line their pockets.
What the three men did is illegal.
Much has been said about how when the Federal Reserve prints dollars and creates money out of thin air, we will get hyper-inflation. Our economy will be like a banana republic. The truth is that when the powerful elite are above the law, we are not acting like a banana republic, we are one. When the rule of law is set aside, capital needed to restore the economy flees. The reason banana republics never make headway is because they are corrupt. Currency issues, inflation, even hyper-inflation can be remedied but when there is lawlessness, the investor has no safe haven, anywhere. Would you invest in an economy where rules don’t matter? Put your dollars into Somalia, Venezuela, Mexico? Probably not and the reason is because of widespread fraud, your investment simply wouldn’t be safe. Be prepared for worse, much worse as sophisticated investors continue to withdraw from our dying economy.
Note to Messrs. Bernanke and “Tax Cheat” Timmy Geithner:
Now that your bond auctions are failing due to the Chinese not wanting anymore US
Toilet Paper Treasury Bills, maybe you can start auctioning off cars and trucks.
You can offer the same financing you have given to the
criminal banking syndicate: no money down, give us paper for collateral and keep the car for as long as you need, no payments necessary. And for the warranty you give the “Tax Cheat Timmy Geithner Warranty”: You will receive lifetime, unconditional repairs, even if you drive your vehicle off a cliff, we have you covered (forever).
From a recent Charlie Rose Interview:
CHARLIE ROSE: All right. So you’re confident that these banks will be able to go raise this capital over the six-month period.
TIM GEITHNER: I’m reasonably confident. And they have a range of ways they can do it.
CHARLIE ROSE: And if they don’t?
TIM GEITHNER: If they don’t, they can come to us and we’ll provide it.
CHARLIE ROSE: The government will provide it.
TIM GEITHNER: That’s right.
This is crazy, I can’t believe the guy is saying this on national television.
You see, banks can drive their car off the cliff with out-sized risk, fraud and mismanagement and the government (you the taxpayer), will “take care of it”. Now that’s what I call a warranty!
A quote from United States Senator Dick Durbin:
“And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.”
Written by guest blogger Donna
The American people are being distracted from the more important issues at hand by the AIG bonus fiasco. Hundreds of millions is just a drop in the bucket compared to the massive bailout programs being instituted by a government that no longer represents the people of this once great nation.
Who managed to write these enormous bills hundreds of pages long, and then submitted to our Congress with mandates from Nancy Pelosi, Barney Frank, Harry Reid, Christopher Dodd and our illustrious president to pass them immediately without careful consideration and discussion in Congress of the repercussions to our already fragile financial system? I submit that Congress had to rely on the “experts,” who are nothing more than lobbyists.
When the American people learned that AIG executives were receiving bonuses, which, frankly, they do not deserve, all of a sudden our politicians are up in arms scrambling to rectify a situation that they themselves created, by passing bills that they did not have time to read. Of course, they do not want to take the blame for something that has inflamed the ire of their constituents, so they have to undo what they have done by ignoring the constitutionality of contract law. Again, consider the repercussions to all contract law, and the impact of using taxes as a punitive measure.
AIG stands for American International Group, Inc. The operative word here, my fellow Americans, is INTERNATIONAL. Our TARP money is going to sustain other countries, to maintain our credibility in an international market. American needs must take a back seat.
Would you allow your favorite chef to perform your much needed brain surgery, or ask your third grade English teacher to fly you through a hurricane? Then why do you allow your politicians to manage your financial system when their skill set is primarily focused on getting reelected?
The more our politicians try to manipulate a financial system they do not fully understand, the more Americans will suffer. “Too big to fail” is nonsense in a capitalist society. Let the free market work, and we will get through this debacle more quickly as Americans, instead of experiencing a long, protracted depression as “internationalists.”
Written by guest blogger Donna
It doesn’t take a Ph.D. in Economics to understand that printing trillions of dollars will devalue our currency. While we were blinded by the AIG smokescreen, Ben Bernanke decided to crank up the presses again while no one was watching. Americans have experienced a devaluation of their homes and investments, and the Federal Reserve seems hell-bent on making what little we have managed to salvage in currency valueless.
It is said that those who do not learn from history are doomed to repeat it. In July, it was estimated that Zimbabwe’s inflation reached 231,000,000%. This is not a typo; that is 231 million percent! Your calculator will not work on these percentages; you will need your computer to translate this type of inflation to the American dollar. The Zimbabwe dollar has lost all credibility as a trading currency, and if the Fed insists on keeping the presses running, we will be in the same situation. (Did I mention that the unemployment rate in Zimbabwe is 80%?)
Although I do not condone vulgarity to make a point, I have been known to make exceptions. I invite you to view a fellow American’s opinion of the Federal Reserve entitled F**k the Fed on YouTube –.
Start growing your own produce, fatten up your pets, and prepare your “Will Work for Food” signs. This is going to get ugly.
When the Nazis came for the communists,
I remained silent;
I was not a communist.
Then they locked up the social democrats,
I remained silent;
I was not a social democrat.
Then they came for the trade unionists,
I did not speak out;
I was not a trade unionist.
Then they came for the Jews,
I did not speak out;
I was not a Jew.
When they came for me,
there was no one left to speak out for me.
I am no fan of Wall Street sleaze bags that through blind greed and corrupt alliance with Congress and Senate put this nation into a financial free fall but and this is a huge BUT there is grave danger in jumping on the band wagon and letting the Gov’t dictate salary and bonus for financial workers. To pass arbitrary confiscation laws that are unconstitutional is a grievance that should be roundly rejected by all. You could be next.
You see, the plan is to create this uproar over bonuses, you are supposed to get mad at the workers, it takes the light off of the real culprits, the Paulsons and Thains, the Dodds and Franks, the CEOs and politicians that constructed this disaster from the top. Do not be fooled, do not be drawn into a tyrannical plan to limit or otherwise tamper with a citizens ability to earn or keep his or her money, to do so is to violate the basics of liberty. Sure, you may be angry with financial workers today and rightly so, but don’t let that anger stop you from seeing the bigger picture. The next worker to have his money confiscated arbitrarily by the US gov’t is you.
Please re-read the the poem.
Let’s not let history repeat itself.
On Friday, Wen called on the Obama administration to “maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.” (full article)
Tax cheat Timmy Geithner, Helicopter Ben Bernanke and all of Obamas clowns now answer to the Chinese. Actually, so do we. You see in order to finance all the bailouts, stimulus plans, earmarks, wars and other assorted frauds it costs money. The solution for the US up until now has been to simply print more money. Money that wasn’t earned, money that wasn’t saved, money that wasn’t in the Treasury, just paper converted into money via the magical Federal Reserve and instruments known as Treasury Bills, essentially IOUs backed up by the full faith of the US Government (you).
So now we have the folks that bought up these Treasury Bills (IOUs) getting a little antsy about whether they will get paid back and some of these folks don’t play nice. So like any other debt collector they will begin to dictate behavior. The only upside to the situation is that China and other creditors may force Bernanke, Congress and the Administrations hand and tell them to “Hold the Presses”, to quit making magic money. Or else.
While Obama and “Tax Cheat Timmy” Geithner roll out more solutions to float their financial predator buddies, there is only one solution. The financial predators that pillaged the system over the last few decades need to return their ill-gotten gains. They won’t do this voluntarily. They will do this only if given proper incentive:
Here is the bubble that is deflating, it was caused by Greenspan, Congress, Financial Wizards on Wall Street and every other predator that had their hand in the cheap money till. We are looking at a massive correction ahead, the reality is a Dow 2800. If you have money in the market, take it out, do not listen to the bobble head thieves on CNBC or anyone else who have only their own interests at stake and have no qualms whatsoever in causing poverty to come on your house. Do not listen to the Bull being spouted like “we are putting in a bottom”, “stocks are cheap here”, etc, etc.. You will be cleaned out if you take their advice. Go into cash and do it NOW.
The chart below illustrates where we are going (2800 Dow):
The annual Davos meeting of the World Economic Forum is where the global government/financial elite meet to develop and further the global agenda. The global agenda is of course a thinly veiled plot to destroy the United States of America.
Pay attention to who the attendees are and the outright conflicts of interest between global business objectives and National Sovereignty. Those who have conflicts of interest with the industries they bailout. Its all quite maddening.
The WEF’s mission: “Committed to improving the state of the world.”
Of course all of our banking buddies will be in attendance: Bank of America – Merrill Lynch, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley, all the usual suspects. Guys like John Thain and “Bailout Barney” Frank all rub shoulders in the heavily guarded compound/resort of Davos breaking bread and hanging out while you get the official version of events on C-span broadcasting the theatre of Congress “grilling” bankers. Its all too obvious what is going on here. Davos is nothing but a global elite fraternity club with all the frat boys and gals laughing at the rest of us.
A few other notables with Davos credentials:
Alphabetical listing of Davos Contributors can be accessed here.
Wikipedia entry for World Economic Forum here.
Government sleight of hand is at work. We are all entrenched in taking sides, wringing our hands over a “bailout” of the banking system, words like “institution”, “toxic assets”, “mortgage relief” are being used and debated in the halls of Congress and plastered all over the collective media.
What they are not telling you is that it is all theatre. There is no way the US Government can “bailout” the financial system.
Like the unpopular war in Iraq, the discussion always focuses on the diversions, things like “surge”, “terrorists”, the basic principle of unjust war is never publicly debated, it’s just buried in the mundane logistics of a war. So it goes with the financial terror being unleashed, we will all acquiesce to a solution that is ill-conceived, faulty and most likely criminal. Bernie Madoff is a piker when you compare him to the ponzi scheme the banking elite have have been perpetrating for the last decade. So the politicians won’t focus on if a bailout is just or right or even has the possibility of being effective, they are just going to bankrupt the United States of America. And they do this with their eyes wide open. They are not stupid, blind or naive, they are simply so utterly corrupt that that they don’t even have a concept of right and wrong anymore.
According to The Office of the Comptroller of the Currency, here are the numbers:
The notional value of derivatives held by U.S. commercial banks increased $14.7 trillion, or 9 percent, to
$180.3 trillion in the first quarter of 2008.
Thats 180.3 Trillion dollars that degenerate gambler-bankers have out on the street in mostly bad bets.
Do you now see why a “bailout” consisting of 800 or 900 billion or even a few trillion dollars is nothing but theatre?
Tune into CNN to watch propaganda puppet Fareed Zakaria barrel the collective mindset into embracing and accepting the notion that borders don’t matter, US sovereignty is a quaint notion from the past and all of his globalist buddies are the smartest guys on the planet.
Fareed has authored The Post-American World and is a strong advocate of “Global Rules”, he has had guests on his show that advocate for global elections for the President of The United States. The reasoning behind this is that US foreign policy affects everyone on the planet, so logically, every citizen on the globe should have a say in our elected offices.
Truly a nut job with a significant audience, this man is a danger to our country.
“Citizenship is not an entitlement program.”
“We’ve got to have a Civilian National Security Force”.
“He alone, who owns the youth, gains the future.”
- Crime is the New Smart
- Police State – 10% of Adult Texans Have Arrest Warrants
- TARP , TALF , PPIP = FAIL Final Stimulus Measure = WAR
- Fraud is The New Black – We Are a Banana Republic
- Government Motors – Maybe China will Take Cars
- Government Sachs – We Own You
- AIG Bonuses are Pure Subterfuge By Guest Blogger (Donna)
- Zimbabwe or Bust!! By Guest Blogger (Donna)
- They Came For The Bankers – How Tyranny is Set in Motion
- Meet The New Boss – We Guarantee Chinas Assets – Or Else
- A Real Stimulus -Tar and Feathers
- The Greenspan Bubble – Get Out Now