THE AMERICAN PEOPLE STOOD
PASSIVELY WHILE THE BANKSTERS
LOADED THE POCKETS OF THE
DEMOCRAT PARTY AND WENT TO
LOOTING A TRILLION DOLLARS OUT OF
THE HOME VALUES OF AMERICA.
EVEN BEFORE HE TOOK OFFICE, THE
PSYCOPATH HUCKSTER FROM
CHICAGO, BARACK OBAMA, HAD
ALREADY FILLED HIS POCKETS WITH
MORE BANKSTER BRIBES THAN ANY
PRESIDENT IN HISTORY.
WHAT DID THESE BANKSTERS KNOW
THAT THE REST OF US DIDN'T ABOUT
THE "HOPE & CHANGE" HUCKSTER?
OBAMA KEPT HIS PROMISE HANDING HIS
CRONIES BILLIONS IN NO STRINGS, NO
INTEREST LOANS AND MADE SURE HIS
BANKSTER-OWNED AG HOLDER WOULD
KEEP THEM OUT OF PRISON! OBOMB'S
SECOND AG, LORETTA LYNCH WAS ALL
BUT HAND PICKED BY OBAMA'S
BANKSTERS AND CAME FROM THE
BANKSTER SECTOR. SHE CONTINUES TO
PROTECT AND SERVE OBAMA'S
AND THEIR LOOTING ONLY CONTINUES......!
LONDON—Politicians and bankers have warned that a U.K. exit
from the European Union will cripple London’s financial sector.
But that argument gets the short shrift from East London
construction worker Steve McIlhagga.
McIlhagga, 53 years old, sees an independent U.K. as better for
working-class Britons—and said he wouldn’t be bothered by a
few bankers losing jobs.
are still getting millions in bonuses!” said Mr. McIlhagga, clad
in a dusty hard hat on his way home one recent afternoon. “They
want to stay in the EU because they are making money. But
where I live, there’s a lot of unemployment. I can’t afford things.
Everything’s gotten worse.”
“Leave” camp ahead of the June 23 vote, U.K. Prime Minister
David Cameron and the country’s business leaders have
continued to argue that Britain should stay in the EU, in large part
because its financial hub is on the line and firms might be forced
to relocate bankers out of the U.K.
the bankers is a difficult rallying cry.
Mark Boleat, chairman of the City of London Policy and
loss of access to the single European market in the case of a
British exit, or “Brexit,” would be a dire blow to London as a
regional business hub.
not just here in London but also in the financial services centers
we have in the country,” the prime minister said in a speech at a
World Economic Forum event last month, adding that “100,000
jobs could go in the City of London alone.”
consequences of a vote to exit the EU. In a visit to the U.K.
earlier this month, J.P. Morgan Chase JPM 0.10 % & Co. chief
James Dimon said the bank may need to move some of its 16,000
U.K staff to the Continent. HSBC Holdings HSBC 2.10 % PLC
has also said up to 1,000 staff could be moved.
Frankfurt, and Dublin,” said Lucy Thomas, deputy director of the
Britain Stronger in Europe campaign, in a report.
old London gallery assistant, who sees the vote as “a symbolic
thing about whether we leave Europe.”
about bankers and their jobs,” she said.
campaign to stay in the European market have tried to drive home
the point that a blow to Britain’s financial sector could cause job
losses in areas such as food services, hotels and property
development. The financial-services industry accounts for just
3.4% of the U.K.’s total jobs, but 8% of GDP, contributing
£129.9 billion ($186.41 billion) to the U.K. economy in 2014,
according to government data.
tax receipts in 2014, according to a report from consulting firm
PricewaterhouseCoopers and the City of London Corp., the
governing body of London’s financial sector.
districts. Residents often feel far removed from the shiny towers,
bustling exchanges and money making power of the U.K.
capital’s financial core.
financial center, said construction worker Andrew Wards, 29,
who of an industrial neighborhood near the Olympic Park. He
plans to vote to leave the EU.
workers spilling over into East London’s more desirable areas and
driving up housing costs, he said.
$360,000] and that’s more than double what it was 10 years ago.
It’s bloody ridiculous,” said Mr. McIlhagga, who earns £360, or
around $520, a week.
underestimated just how much ordinary citizens dislike bankers.
and Cambridge University found 83% of respondents thought
bankers were “greedy and get paid too much,” while 80% thought
banks weren’t doing enough to “get us out of this economic crisis
which they helped cause.”
RBS 5.02 % PLC and other banks had to be
bailed out by taxpayers during the
financial crisis, to the tune of more than £100
billion. Many chief executives still receive big
bonuses and their high-end lifestyles are splashed
across the front of U.K. tabloids.
“fat cat bankers” for receiving a total of £80 billion in payouts,
“while millions of families are still suffering.”
employees are considered wealthy and that financial services
companies are big employers of people from a range of
backgrounds and across many different business areas.
financial sector ahead of the vote backfired with Kieran Walsh, an
East Londoner who owns a food-delivery business.
convinced the campaign to remain in the EU has ordinary
Britons’ best interests at heart.
all the bankers went to school,” said the 54-year-old Mr. Walsh,
referring to the elite school near Windsor Castle. “They’re all in
each other’s pockets! They probably stand to make a lot of money
off [remaining in the EU.]”
developing industry and the north of England again,” he said, to
benefit struggling citizens. “Banking jobs will always just be for
2 May 2016
of the American Middle Class and the
staggering expansion of the LA RAZA
Mexican welfare state
The return of “secular stagnation”
The return of “secular stagnation”
17 June 2016
Yellen’s remarks point to the emergence of
what former Treasury Secretary Lawrence
Summers and others have referred to as
“secular stagnation.” This term was first by
coined by economist Alvin Hansen in 1938 to
describe a structural condition in the
capitalist economy where, no matter how low
interest rates go, there is no growth because
the level of demand, particularly investment,
is not in a cyclical downturn but permanently
insufficient to ensure economic expansion.
Hillary Clinton: Dedicated Servant of the Suer Rich, Obama’s Crony Banksters and the Mexican Fascist Party of LA RAZA