Posts Tagged ‘Banksters’
NYT 09/26/14 [Some call it Capitalism- looks more like Cannibalism…..]
In 2009, the Atlantic published an article by Simon Johnson titled The Quiet Coup:
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.
I believe 70+ % of Americans agree about this state of affairs but most don’t know they have so much company – often because they are encouraged to use divisive rhetoric to express it so that gridlock appears to be the problem.
If TPP becomes a reality, we have no chance of ever getting our country back. Don’t you think it’s about time to loudly protest the theft of Democracy?? ISIL is no threat compared to this one! in fact it’s a joke.
Bank of America
by jonathanturley 6/26/13
Jeff Olson, 40, is facing a potential 13-year jail sentence for perhaps the world’s most costly sidewalk art. A former aide to the U.S. Senator from Washington, Olson used water-soluble statements like “Stop big banks,” and “Stop Bank Blight.com” outside Bank of America branches last year to protest the company’s practices. He eventually gave up his protest but prosecutors later brought 13 charges against him. Now a judge has reportedly banned his attorney from “mentioning the First Amendment, free speech, free expression, public forum, expressive conduct, or political speech during the trial.” It appears someone associated with Bank of American could finally go to jail, but it will not by the bank officials in the financial scandal. It is the guy writing slogans in chalk in the sidewalk.
Excellent article at Naked Capitalism: Free Trade and Unrestricted Capital Flow: How Billionaires Get Rich and Destroy the Rest of Us
tho I wonder if some who could benefit from reading this would quit too early because of finance-specific language? Take heart! read at least as far as this part:
There’s a straight line between “free-trade” — a prime tenet of both right-wing Milton Friedman thinking and left-wing Bill Clinton–Robert Rubin neoliberalism — and wealth inequality in America. In fact, if the billionaires didn’t have the one (a global free-trade regime) they couldn’t have the other (your money in their pocket). And the whole global “all your money are belong to us” process has only three moving parts. Read on to see them. Once you “get it,” you’ll get it for a long time…
And this part:
In its simplest terms, “free trade” means one thing only — the ability of people with capital to move that capital freely, anywhere in the world, seeking the highest profit. It’s been said of Bush II, for example, that “when Bush talks of ‘freedom’, he doesn’t mean human freedom, he means freedom to move money.” (Sorry, can’t find a link.)
At its heart, free trade doesn’t mean the ability to trade freely per se; that’s just a byproduct. It means the ability to invest freely without governmental constraint. Free trade is why factories in China have American investors and partners — because you can’t bring down manufacturing wages in Michigan and Alabama if you can’t set up slave factories somewhere else and get your government to make that capital move cost-free, or even tax-incentivized, out of your supposed home country and into a place ripe for predation.
Welcome to the Brave New World of pump and dump.
and another: When Capitalism only works for the wealthy