Two new additions to the web illustrate, in plain English and for all to see, the systematic means by which Wall Street, Big Finance, and the Fed bankers are WAGING economic & financial WAR against the American people.
First, a video explaining how not only is current "Fed" Chairman Ben Bernanke a LYING TOOL of his Big Finance financial terrorist sponsors and career mentors (particularily GOLDDAMN-SACHS and JP Morgan-Chase), but that President Barack Obama is also a LIAR, a SWINDLER, and a FINANCIAL TERRORIST himself, for PROMISING the American people "CHANGE you can believe in!" while DELIVERING the DIAMETRICAL OPPOSITE, delivering MORE of the very Golddamn-Sachs sponsored financial terrorism that Bush, Cheney, Greenspan, Paulson, BERNANKE and co. had visited on America over the previous 8 years, leading millions of American voters to break the race barrier in 2008 and vote for a minority presidential candidate, a candidate pledging, promising, above all else, to "change" the ECONOMIC SITUATION in America -
It must be said: BLACK and minority voters have done EVEN WORSE under two years of IDIOT, LIAR, SWINDLER and "step-and-fetch-it" HIRED ECONOMIC HIT MAN Barack Obama and his PRETEND "liberal" but actually RIGHT-WING "of, by, and for Golddamn-Sachs" economic policies, than Black & minority families were doing back in November 2008 when they proudly voted for - and thought they were getting - positive "change."
As Professor Michael Hudson explained (posted earlier here at DemNationUSA) back in February, Obama's re-appointment of Ben Bernanke signaled that Obama was running a radical RIGHT-WING REPUBLICAN style presidency - JUST LIKE George W. Bush, dastardly Dick Cheney, and their Libby, Wolfowitz, Perle, Feith, Chertoff, Mukasey, and "Heckuva Job, Brownie" hatchet men had run for 8 long dismal years - and, indeed, at the behest of his Neo-Con sponsors and Big Finance puppet-master hatchet-men, Obama has been getting away with assaults on the American people that Bush could not have gotten away with -
Obama is enacting MORE RIGHT-WING big finance attack-on-America policies in 2 years, than Bush and Cheney delivered in EIGHT long years of trying!
Guns and Butter - Obama's Republican Class War Presidency - February 3, 2010 at 1:00pm
- the better to ENABLE the RIGHT-WING, big finance, war-lobby + treasury looters concentration of wealth & power ATTACK ON AMERICA:
- BOB RUBIN: "US In Terribly Dangerous Territory," Bond Market May Be Headed For "Implosion" (note: As Prof. Hudson explains very specifically in our 1 hr. audio link, above, ROBERT RUBIN, LAWRENCE SUMMERS, Goldman-Sachs, and Harvard were the architects, NOT of Russia's ECONOMIC REVIVAL, but of the TOTAL COLLAPSE of the post-Soviet Russian economy under "RADICAL PRIVATIZATION" in the early 1990s, that saw the wholesale transfer of trillions of dollars of Russian assets, to a handful of Western backed Russian oligarchs, who had done little to nothing to create those assets (which had been built up under decades of Communist rule). Those oligarchs and their Rubin. Summers, Harvard, Goldman-Sachs & JPM sponsors DEFRAUDED tens of millions of Russians out of their pensions, medical care, and other social services, while contributing and creating almost nothing for the Russian economy in return.)
- Karl Denninger: (our paraphrase) "90% of Americans WANT STIFF PROSECUTIONS for FINANCIAL FRAUD, and especially for LOOTING of BAILOUTS, pensions, and mortgage & foreclosure fraud" - a desire that America's TREASONOUS media, press, academic, and political ELITES have CRUSHED 100% - ESPECIALLY the Jewish (Sulzberger) owned New York Times, the Meyer/Graham family owned Washington Post, and the TIME/cnn/HBO/WARNER bros. corporation Hollywood & media propaganda mega-conglomerate.
- Dean Baker: "The Wall Street TARP [bailouts] Gang WANTS TO TAKE AWAY [steal] YOUR SOCIAL SECURITY."
- Karl Denninger: BEN BERNANKE is a FRAUD and a LIAR -
- IDIOT Obama: "More Aggressive Anti-Foreclosure Efforts Would Help People Who Don't Deserve It" (Is Obama TRULY THAT DELUSIONAL???? "People who DON'T DESERVE financial help" DEFINES Mr. Obama's fraudulent, criminal, financial terrorist BANKSTER BUDS at JP Morgan-Chase, Goldman-Sachs, Citi-bank, BoA, and Robert Rubin's other Swindler pals on Wall Street and at the Fed!)
- IDIOT Obama GIVES IN on extending BUSH TAX CUTS FOR RICH - in time of war, and during an economic crisis for America's non-rich families - who are forced to make good on the "BAILOUTS" with trillions of dollars of extorted wealth that land straight in the vaults of the wealthy and their bankers... "bailouts" EXTORTION not including the tax-cuts-for-rich!
video - http://www.msnbc.msn.com/id/21134540/vp/39836703#39836703
Under the tender mercies of the GODDAMN-SACHS dominated Obama administration, America's chief law enforcement and financial oversight regulators today - two long years after the scandal of Department of Interior 'regulators' literally sleeping with, and having drug parties with, the oil & mining company officials they were supposed to be overseeing - today under the Barack Obama "Democrat" administration, justice department & financial regulators ARE STILL IN BED with the Financial CRIMINALS attacking America's economy!
Writing an imaginary letter by Warren Buffet, on truth serum, to "Uncle Sucker" (formerly known as Uncle Sam), Barry Ritholtz explains how the United States government - the Congress, the executive (government) agencies, and BOTH political parties, INCLUDING the so-called "Democrats" - enabled what would become the decades-long LOOTING and GUTTING of both the productive (industrial) parts of the American economy, and specifically the TITANIC FRAUD in the critical financial markets.
As our above cartoon video on Bernanke, the Fed, and "Quantitative Easing" explained, the inherent nature of the Fed - a PRIVATELY OWNED BANKING CARTEL that "issues" ALL of America's (dollar) currency "money" - IS INHERENTLY FRAUDULENT, undemocratic, dictatorial, and PARASTIC - for it, the Fed Reserve very private banking cartel system, allows connected operators, to PREY ON American workers, companies, and especially pension funds, by using FAKE, FIAT, CREATED-out-of-THIN-AIR 'money' to SIEZE ALL PRODUCTIVE ASSETS in the country (and world), by organized financial, debt leveraging cartels, creating such concentrations of fiat money that large fund operators can use "PUMP & DUMP" tactics to EXTRACT the real wealth right OUT OF pension funds, COORDINATED pump-and-dump stock PRICE MANIPULATIONS by large funds operators working together.
(See Jim Cramer's "how large hedge-fund operators like me MANIPULATE markets and individual stock prices - he uses the word "fomenting"- and he uses as an example large companies like Apple (APPL) and Blackberry (RIM)"!! and video here. Jim Cramer worked FOR financial swindlers Golddamn-Sachs, and Warren Buffet PARTNERED WITH Golddamn-Sachs when Buffet, during the September 2008 stock market implosion, "injected" over a billion dollars into GS to stave off bankruptcy, making Buffet now a major stock holder of the "VAMPIRE SQUID" fraudulent, parasitic, criminal, IF NOT TREASONOUS treasury looting hedge fund....
WE KNOW who the FINANCIAL TERRORISTS engineering REPEATED ATTACKS on the American economy are: they are ROBERT RUBIN, LAWRENCE SUMMERS, ALAN GREENSPAN and BEN BERANKE and their pals at Golddamn-Sachs, JP Morgan-Chase, and other treasury looting big finance swindlers on Wall Street - and in the few short items listed below, WE KNOW HOW Rubin, Summers, Greenspan, their Republican hired economic hit-men Phil Gramm, Jim Leach, and Thomas Bliley
and their GS sponsors "DEREGULATED" the ENTIRE U.S. economy and financial markets.... which financial "DEREGULATION" was merely the ENGINEERED "loot consumers, savers, and pensioners as much as you can" prerequisite for TRASHING the economy, leading to the Lehman Bros, Bear Stears, Fannie, Freddie, Merrill-Lynch, AIG (etc.) economic failures, which gave the Big Finance terrorists the excuses they needed to just plainly EXTORT Congress & American taxpayers out of TRILLIONS of dollars of "bailouts" for failed, fraudulent bankers & financial sabotage traitors.
Dear Uncle Sucker . . .
By Barry Ritholtz - November 17th, 2010
(posing as Warren Buffet, on truth serum, writing a "thank you, suckers" letter to the SEC, Securities & Exchange Commission.)
Before I get to the bailouts, I have to remind you [the U.S. government, SEC, & Congress] that in:
• 1999, you passed the Financial Services Modernization Act. This repealed Glass-Steagall, the law that had successfully kept main street banking safely separated from Wall Street for seven decades. Even the 1987 market crash had no impact on Main Street credit availability, thanks to Glass-Steagall.These actions and rule changes were requested by the banking industry. Rather than behave as adult supervision, you indulged the reckless kiddies, looking the other way as they acted out. You were the grand enabler of the finance sector’s misbehavior. Hence, you helped create the mess by allowing the banking sector to run roughshod over decades of successful constraints. (Kudos again on that). (cont'd)
• 1997-2010, you allowed the Credit Rating Agencies to change their business model, from Investor pays to Underwriter pays — a business structure known as Payola. This change effectively allowed banks to purchase their AAA ratings, and was ignored by the SEC and other regulators.
• 2000, you passed the Commodities Futures Modernization Act. It allowed the shadow banking industry to develop without any oversight by the Commodity Futures Trading Commission, the SEC, or the state insurance regulators. This led to rampant creation of credit-default swaps, CDOs, and other financial weapons of mass destruction — and the demise of AIG.
• 2001-04, the Fed, under Alan Greenspan, irresponsibly dropped fund rates to 1%. This set off an inflationary spiral in housing, commodities, and in most assets priced in dollars or credit.
• 1999-07, the Federal Reserve failed to use its supervisory and regulatory authority over banks, mortgage underwriters and other lenders, who abandoned such standards as employment history, income, down payments, credit rating, assets, property loan-to-value ratio and debt-servicing ability.
• 2004, the SEC waived its leverage rules, allowing the 5 biggest Wall Street firms to go from 12 to 1 to 20, 30 and even 40 to 1. Ironically, this rule was called the Bear Stearns exemption.