Showing posts with label federal reserve. Show all posts
Showing posts with label federal reserve. Show all posts

Monday, January 16, 2012

The Rich Rule so to be Poor is to be an Unperson


Seeking to cement his Title as President of the Plutocrats Mitt Romney related some of his favorite childhood stories, 'Once daddy told me To Be Rich is To Rule so in order to be as Rich as possible I began a career as a 'Job Cremator' because I like to able Fire, on a whim, the scared miserable plebeians who service me at my lesiure.'

The American Capitalist System is designed to impoverish a vast majority of Americans and enrich a very small few.

And still even so-called left-wing Media Villagers talk of Austerity programs for the Poor and Tax subsidies and bailouts for the Wealthy,
"This is just one piece, getting the money out of politics, the first step. But ultimately what's going to have to happen, and this is my little drumbeat, is that the American people are going to have to let members of congress go to Washington to make the tough decisions. To make the hard calls that are really going to be uncomfortable, maybe even painful," Jonathan Capehart.
Don't expect your Social Security funds to be there people, the 1% want it! You may find it uncomfortable. BUT, THE RICH! WANT! THAT! FUCKING! MONEY!

Medicare and Medicaid? Yeah, those are going away, too. Don't worry the amply rewarded Congress will still have programs they call Medicare it just won't help provide you with Medical Care.

Why would the 1% want programs which they have no need of? The 1% wants No Regulation and is involved in the Greatest Con Game in history, The American Capitalist Model, a system which privitazes profits and socializes losses. Everything else done by the Government is a effrontery.
"Because the education is a government function. Part of it is frankly because we have lousy teachers. Part of the reason we have lousy teachers is we have teachers union that say won't deal with those issues. So there are lots of reasons why education is not being properly handled in this country. But to me if I could think of one thing that would change it, it would be to change our system of education and make sure that our children were properly educated." - Mort Zuckerman,
No, Mort, you are incorrect. "Greedy teachers" are not to blame. They did not create Too-Big-To-Fail and the Military-Industrial-Complex. But, Zuckerman is a Billionaire (147th Richest) so of course he has nothing but animus towards Teachers as they do not properly instruct Americans to genuflect to him and the 1%.

And even if you had a scintillia of hope from your Congress member they're going to be kept in the dark.
On Thursday, the Fed released transcripts of its meetings in 2006, offering a new window into what was on the minds of some of the nation’s top economic and financial thinkers just ahead of the financial crisis and subsequent great recession. The transcripts, which are customarily released after five years, show that Fed leaders, armed with the best economic data available, had little idea of what was looming less than two years off.

Greenspan has acknowledged in recent years that he was “partially” wrong for allowing banks to operate without enough regulation.
The 1% are not content with making profits while paying for expenses like infrastructure or worker pensions. They've been getting their marionettes in Government to funnel them taxpayer dollars to cover the costs of their gambling. All the Corporations and Media talkers who intone the "Free Market" as a mantra actually want Government to cover their costs and provide them welfare.

And the 1% have enough right-wing rubes duped into carrying their banner of Corporate Corruption. Listen to every Tea Party demand, Regulation stifles Job Creation! The Free Market is best instrument for Capitalism! Privatize! Eliminate Capital Gains Taxes! Lower Taxes on Corporations!, they sound as if they were crafted in the criminal boardroom of Goldman Sachs and BP.

I would say all of the policies of Piss Down Your Back and Tell You It's Raining Economicshave failed, except they have not. They have succeeded brilliantly, as they were designed to, in transfer the bulk of the Wealth of Nations upward to the 1%. Since the advent of a Government which responded and aided the 99%, the 1% have been scheming for a Neo-Feudalist Revival.

And on cue, Republicans have explicitly demanded a Return to Feudalism.
New Hampshire House Bill 1580 is the product of a brainstorming session this summer between three freshman House Republicans: Bob Kingsbury of Laconia, Tim Twombly of Nashua and Lucien Vita of Middleton. "All members of the general court proposing bills and resolutions addressing individual rights or liberties shall include a direct quote from the Magna Carta which sets forth the article from which the individual right or liberty is derived."
It's all the part of the Con. It's not just the system of Debt, the Wage Slavery, or the billions-per-second trades by thousands of interconnected servers located physically next to Wall Street to gain that pico-second needed to rig the Stock Market. It's the fact that the Plutocracy has nothing in common and sees no reason to be part of the America populated by the 99%.

Monday, December 5, 2011

Capitalism at it's Finest! $7.77 TRILLION for the Banking Criminals

Yeah, you suckers thought the $700 Billion TARP was bad. Turns out the Federal Reserve decided to funnel 11 times that amount to the Wall Street Criminals!
It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.
Plus, over the last few years, the Fed and the Big Banks have been fighting to keep it hidden from the Public. In fact 3 years ago today Decemeber 5th 2008, the Federal Reserve allocated $1.2 Trillion to the Too-Big-To-Fail Banks.
Bankers didn’t disclose the extent of their borrowing.
$7.77 Trillion USC. This ridiculous sham is the Free Market? They call this massive amounts of Taxpayer Welfare Capitalism? The Banks then had the temerity to foreclose on injured veterans? The Bankers continued to claim that poor borrowers were the problem? And as the best and brightest these 'Job Creators' deserved the millions they've gotten as bonuses? Of course, the shameless Banks and their Criminal CEOs turned around and fought any and every effort to place any regulations upon them. American Capitalism is Feudalism.
A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.
The US Government has been transformed into the private slush fund of the Plutocracy. The 1% are not bought off anymore with the mere raiding of foreign lands, they want it all. And thanks to the tireless efforts of the Republicon Party and Corporate-Friendly Democrats they are going to steal the entire wealth of the United States.