Sunday, February 27, 2011

Barack Obama, His Goldman Sachs Donors and the RAPE & PILLAGE OF A NATION

MEXICANOCCUPATION.blogspot.com


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Go to http://www.MEXICANOCCUPATION.blogspot.com and read articles and comments from other Americans on what they’ve witnessed in their communities around the country. While most of the population of California is now ILLEGAL, the problems, costs, assault to our culture by Mexico is EVERYWHERE. copy and pass it to your friends.

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DOES ANYONE STILL DOUBT THAT BARACK OBAMA IS A SERVANT OF HIS BANKSTER DONORS?

HE’S GIVEN THEM ANYTHING THEY DEMANDED! NO REAL REGULATION, CONTINUED NON-INTERFERENCE IN THEIR CRIME WAVES, AND NO PRISON TIME FOR HAVING DEFRAUDED AMERICAN INVESTORS OF TRILLIONS AND DESTROYING THE EQUITY IN MOST AMERICAN HOMES!



EVEN NOW, MOST AMERICAS ARE PAYING ON MORTGAGES THAT ARE WORTH HALF.



OBAMA IS ONE OF THE MOST CORRUPT POLITICIANS IN AMERICAN HISTORY.





“I’m not here to punish banks!” BARACK OBAMA, Floor of the Senate



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“Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).”

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“Goldman employees have maintained strategic positions within the U.S. government since 1965. Goldman hires former politicians and civil servants, as readily as it supplies them. Clinton had 8 previous Goldman employees in key decision-making positions in his Administration, Bush had 19, and Obama has 14. There is no distinguishable difference in political parties, once a donation is accepted the individual is compromised.”



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Wells Fargo said last month that first-quarter profit jumped 53 percent from a year earlier as borrowers rushed to refinance mortgages amid record-low interest rates.”



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Lou Dobbs Tonight

Monday, November 12, 2007



Mortgage giants Wells Fargo and Bank of America are accused of slapping dubious fees on homeowners struggling to save their homes. With fewer new mortgages being written, these

companies appear to be leaning on these lucrative fees to stay profitable—with devastating consequences for homeowners.



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IT’S RIGGED



By Al Duncan

February 25, 2011

NewsWithViews.com

Most now know that the Federal Reserve Bank (Fed), is a private central bank owned by International Bankers. Although the Fed masquerades as a Government institution it is no more a Government institution than Federal Express. Even though the Fed performs all the functions of a Central Bank, its name misleads the public into believing that it operates on their behalf.

The U.S. Constitution clearly states in Article 1 Section 8 that: “The Congress shall have Power To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures,” under the Federal Reserve Act of 1913 the private bankers can now create money, actually credit, and loan it to the U.S. with interest.

With every U.S. dollar borrowed from the Fed, a credit is recorded on the Fed’s behalf and a debit, including interest, is posted on behalf of the American public. The actual U.S. national debt owed to the International Bankers who make up the Federal Reserve Board, including the IOUs in the Social Security Fund, the IOUs in the Medicare Fund and all the rest of the debts normally uncounted in government statistics is approximately $62 Trillion.

On March 18, 1988, Ronald Reagan implemented Executive Order 12631, called The Working Group of Financial Markets; informally known as the Plunge Protection Team. Former Federal Reserve Board member Robert Heller explains E.O. 12631 in a Wall Street Journal article: “The Fed could support the stock market directly by buying market averages in the futures market in order to stabilize the market as a whole.”

To simplify Mr. Heller’s definition, E.O. 12631 enables the Fed, via the working group, to manipulate U.S. stock markets through the use of government (taxpayer) funds. The Fed can also use taxpayer money to buy stocks and other investments such as stock index futures, even though the law strictly forbids these manipulative and market-controlling acts.

On October 6, 2008, Paula Reid of CBS News stated in an article called Market Crisis of 2008, “The working group issued a statement indicating that it was taking multiple actions available to it in order to stabilize the financial system. The government (actually, the Fed) may wind up owning shares in the firms to which it has provided loans, as they will receive warrants as collateral for these loans.”

This means, the Fed, a private central bank owned and controlled by private businessmen, can at-will use taxpayer dollars to manipulate the stock market to enrich themselves.

This is Fascism, although corporatism would be a more accurate representation.

According to a government website, www.sec.gov, “The mission” of the U.S. Securities Exchange Commission (SEC), “is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.” Since the inception of the SEC in 1934, Goldman Sachs has provided the nation with a SEC Commissioner, a Chairman of the SEC, and a Head of the SEC’s Enforcement Division.

In an article dated April 7, 2010, CBS News stated, “The revolving door between Goldman and government reveals at least forty-eight former employees, lobbyists or advisers at the highest reaches of power both in Washington and around the world.”

The CBS News article continues, “For example, former Treasury Secretary Henry Paulson is a former Goldman CEO; Arthur Levitt, the head of the SEC is a now a Goldman adviser; and former House Majority Leader Dick Gephardt is now a paid lobbyist for the firm.”

Goldman employees have maintained strategic positions within the U.S. government since 1965. Goldman hires former politicians and civil servants, as readily as it supplies them. Clinton had 8 previous Goldman employees in key decision-making positions in his Administration, Bush had 19, and Obama has 14. There is no distinguishable difference in political parties, once a donation is accepted the individual is compromised.

Henry Paulson was Chief Operating Officer of Goldman Sachs averaging around $37 million a year and at that time he was also the owner of approximately $700 million in Goldman Sachs’ shares. Paulson, the great public servant that he is, left Goldman Sachs multi-million dollar salary to become U.S. Secretary of the Treasury at a salary of $174,000 a year. On September 19, 2008, Paulson, along with Chairman of the Fed, Ben Bernanke, obtained $700 billion dollars from Congress. Paulson, given complete authority of this money by the House, Senate, and the president of the U.S. gave American Investment Group (AIG) $200 billion, of which AIG gave Goldman Sachs $12.9 billion, enriching Goldman Sachs shareholders, including that great public servant, Henry Paulson, handsomely.

According to New York Times, May 7, 2009, Stephen Friedman, another great public servant, was a member of Goldman’s board at the same time he was chairman of the New York Fed. Friedman helped to put together the deal under which AIG’s CDS counter-parties were paid out at 100 cents on the dollar. By approving Goldman’s request to become a bank holding company, Friedman helped facilitate the most profitable advantage to Goldman’s existence thus far. He then inexplicably bought tens of thousands of Goldman shares in the open market—a clear conflict of interest given his position at the Fed—resulting in his resignation shortly afterwards.

On May 13, Jonathan Weil for Bloomberg wrote: “Rigged-Market Theory Scores a Perfect Quarter. He goes on to explain, “In a feat that would seem to defy all odds, Goldman said its daily net trading revenue topped $100 million 35 times last quarter out of 63 trading days.”



A May 13, 2010 Bloomberg article states, “The odds that you’d post a daily net gain 63 times in a row, would be about one in 5.7 billion. Even if you had a 95 percent likelihood of a winning day, you would have only a 3.9 percent chance of doing it 63 trading sessions in a row.

Considering Goldman Sachs’ million dollars an hour winning streak for 63 days straight (it was not just Goldman, it was also JPMorgan, Citigroup and Bank of America that disclosed similar eye-popping stats) we can better understand how they pulled off this thievery. And whose name do we discover as a major shareholder in all these conglomerates? None other than the notorious trillionaire David Rockefeller.

Weil continues, “If a too-big-to-fail bank’s traders were able to make money every day of a quarter, were they really trading in any normal sense of the word? Or would vacuuming be a more accurate term?”

According to the Wall Street Journal, April 17, 2010, “Goldman Sachs Group Inc. was charged with deceiving clients by selling them mortgage securities secretly designed by a hedge-fund firm, Paulson and Co., who made a killing betting on the housing market’s collapse.” The bank did not disclose the role of the hedge fund, that helped put together the deal as part of its bet against housing. And while Goldman paid a $550 million fine to settle the case, the SEC did not charge Paulson with any wrongdoing.

Zubi Diamond, author of the “Wizards of Wall Street,” states, "The hedge fund short sellers can now crash the market, panic shareholders out of their stocks, buy to cover their short positions for hefty profits, and then buy back in at the bottom to open long positions and then recover the whole market indexes to normal levels. These market manipulators have the ability to drive prices down and then drive them back up, all within a 15-minute period."

Many may have seen the tense inquisition between the Senate Permanent Subcommittee on Investigations and Goldman Sachs. But most aren’t aware that many of those asking the questions have been recipients of Goldman’s political donations. It’s the finest display of political theater, smoke and mirrors, a dog and pony show that keeps the gullible public appeased, thinking that they are experiencing history in the making.

According to the Center for Responsive Politics, ten of these senators have together received more than $1million in campaign contributions from a combination of Goldman’s political action committees and its employees and their families. Since the SEC filed no criminal charges, the entire hearing was a charade—political theater at its best. Civil charges result only in fines, when prison is warranted. At $1 million an hour for 63 days, a $550 million fine is merely a payoff to public officials, a cost of doing business and a green light for Goldman to continue its fraudulent business-as-usual.

Over the years, various loyal men in Congress have introduced Bills to repeal the Federal Reserve Act of 1913 and to redeem control of our money system. None of them has been acted upon by our alleged representatives who are sworn to uphold our Constitution.

Rep. Ron Paul, one of the only members of the House (or Senate for that matter) worth his salt, sponsored H.R. 1207, a bill requiring that the Federal Reserve be opened to audit by Congress. The plan compiled over 300 co-sponsors in the House before being sent to committee.

But in a later interview with a Bloomberg reporter, Paul stated, “The teeth have been ripped out of the bill and there’s nothing left; it’s been gutted. This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation would have helped them do that.”

I am no financial advisor, but I certainly have enough financial sense to know when the markets are rigged.



Like a giant octopus, the tentacles of corruption have infiltrated the Executive, the Legislative, and the Judicial branches of our government. The bankers, the corporate heads and the public officials are drinking from the same financial trough, funded by the unsuspecting public. Thus, an ominous darkness is engulfing America like a fog, and I don’t see even a flicker of light able to dispel it.

Nevertheless, for the believer in Christ, this is not our world; this is not our home. We are sojourners journeying to a heavenly, spiritual kingdom. Our hope is not anchored in this dark, failing, ominous world or any person residing in it. For we who serve Christ Jesus have a home awaiting us that out shines the sun, and our hope rest in Him. We serve the Father of lights and in Him there is no shadow or darkness. And whether He chooses to save us from the mounting depravity of this world is His choice alone. For Christ’s prayer to the Father was not to take His followers out of the world, but to [spiritually] protect them from the evil one while they are in the world. So here is a promise we can depend on, and live for, that He will never leave us nor forsake us and He will be with us even unto the end of this age.

Al Duncan writes a weekly column for the local newspaper, Lake County Record Bee, distributed by Associated Press. He basically address a secular reader that is unaware of the New World Order so his articles are written in an educating manner. He realize that NewsWithViews attracts informed readers that are seeking to expand their understanding of the truths behind the daily events and how these truths can help them best meet the challenges ahead.

Al is the fourth generation of Real Estate Brokers. For the past 8 years Al is the owner of Al Duncan Real Estate, Inc. in Clearlake, California.

Al is on the financial committee, a Sunday greeter and head usher at Lake County Bible Fellowship for the past seven years.



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Obama’s phony banking “reform”

27 April 2010

Debate on the Senate version of the Obama administration’s bank regulatory overhaul is expected to begin shortly. The House of Representatives passed its banking bill last December.

Neither bill does anything to curb the power of the banks or limit their parasitic and socially destructive activities. What the media is calling the “most sweeping overhaul” of the banking system since the Great Depression in reality sanctions the ever greater monopolization of the financial system by a handful of Wall Street giants, imposes no limits on executive pay, and allows the banks and hedge funds to continue gambling on exotic and largely unregulated securities such as collateralized debt obligations and credit default swaps.

The so-called bank “reform” is an exercise in mass deception—an attempt to placate popular hostility to the banks and provide the government with political cover while it continues to do the bidding of Wall Street.

The bills have been drawn up in the closest consultation with bankers and bank lobbyists. This collusion has been widely reported in the press and presented as a perfectly normal and acceptable fact of political life. The front-page lead article in Monday’s Wall Street Journal describes the intensive lobbying being carried out by billionaire investor Warren Buffet to alter the Senate bill’s provisions on derivatives.

Buffet, an Obama supporter, wants to exempt existing derivatives deals from collateral requirements in the current language of the bill—a change that would save him billions on his $63 billion derivatives portfolio. Both senators from his home state of Nebraska, one Democrat and one Republican, are championing his cause.

This is just one example of the web of corruption and bribery that extends from Wall Street to the White House and Capitol Hill. The banks have thus far spent $455 million lobbying Congress on the overhaul and handed out $34 million in 2010 election campaign donations, most of it to Democrats.

The circle of corruption includes the ratings companies such as Moody’s and Standard & Poor’s, which blessed toxic subprime mortgage-backed securities with triple-A ratings in return for fees from the banks they were rating, and government regulators who move seamlessly from regulatory offices to lucrative posts at the banks they were supposedly overseeing.

The colossuses of Wall Street amass their huge profits by means of fraud and swindling. Over the past few weeks systematic accounting fraud at Lehman Brothers has been exposed and the Securities and Exchange Commission has indicted Goldman Sachs for defrauding its clients in the run-up to the subprime mortgage crash. This is only the tip of the iceberg.

Obama’s so-called reform will do nothing to hold accountable the criminals at the head of the banks and hedge funds or break up the financial behemoths that exert a stranglehold on the economy. Instead, it will set up a mechanism to institutionalize government rescue operations of big financial firms to protect the interests of bank executives, shareholders and creditors, ultimately at public expense.

The lawless and reckless actions of Wall Street CEOs have had devastating consequences for tens of millions of people in the US and around the world. The wreckage left in the wake of the financial tsunami of 2008 is registered in millions of lost jobs, home foreclosures, utility shutoffs, and rising hunger, disease and poverty.

With the help of trillions of dollars in taxpayer bailouts, the bankers are making more money today than ever, even as schools are closed, libraries disappear and museums and opera houses are shuttered. There is, the people are told, “no money” for jobs or basic social services.

There is plenty of money. The problem is that it is concentrated in the hands of a financial aristocracy. The immense concentration of wealth among these individuals is not only morally repugnant, it is a menace to society. It is the result of the plundering of the social wealth to feed criminal appetites, at the direct cost of the productive forces.

During the rise of American capitalism as an industrial power, the vast fortunes of the corporate elite, while achieved through ruthless exploitation of the working class, were associated with the expansion of industry and the production of useful products. That is not the case with today’s financial elite. Its wealth is amassed on the basis of financial manipulation and outright fraud, linked to the destruction of the social infrastructure and industry.

The Socialist Equality Party advocates a policy that proceeds from the needs of the people and society as a whole, not the personal fortunes of the bankers and big investors. We call for:

• The criminal prosecution of bankers and speculators whose illegal actions contributed to the deepest economic crisis since the Great Depression. They must be held legally accountable and given appropriate sentences to prevent a recurrence of such practices.

• The expropriation of the wealth of the top bankers, hedge fund managers, traders and speculators. This would immediately free up several trillion dollars, money that could go to a public works program to provide jobs and rebuild the social infrastructure—schools, housing, clinics, libraries, cultural facilities, the energy system. This money could also be used to help provide relief to the victims of the economic crisis—to maintain full wages for those laid off, put a stop to foreclosures and utility shutoffs, provide full medical coverage.

• The nationalization of the banks and major financial institutions and their transformation into public utilities under the democratic control of the working population. This is a prerequisite for the rational and planned development of the economy and the allocation of resources to rebuild the social infrastructure, end poverty, raise living standards and overcome social inequality.

Only such a socialist program can break the grip of the financial aristocracy and liberate the productive forces for the benefit of society as a whole. It can be achieved only through the independent political mobilization of the working class against Obama, the two parties and big business, and the capitalist system that they defend.

Barry Grey

WSWS.org

Get on their free NO ADS E-NEWS!



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MEXICANOCCUPATION.blogspot.com

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Go to http://www.MEXICANOCCUPATION.blogspot.com and read articles and comments from other Americans on what they’ve witnessed in their communities around the country. While most of the population of California is now ILLEGAL, the problems, costs, assault to our culture by Mexico is EVERYWHERE. copy and pass it to your friends.

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