Saturday, October 1, 2016

HILLARY GIVES THE MIDDLE FINGER TO AMERICA'S YOUTH..... AGAIN! - Hillary Clinton was secretly recorded at a fundraiser for wealthy donors mocking and condescending to the millenials who backed Bernie Sanders. The recording and transcripts were released by The Intercept, a site financially backed by Pierre Omidyar,...

Hillary Clinton was secretly recorded at a fundraiser for wealthy donors mocking and condescending to the millenials who backed Bernie Sanders. The recording and transcripts were released by The Intercept, a site financially backed by Pierre Omidyar,...

Hillary caught on tape mocking millenials living in parents’ basement and wanting free college

Hillary Clinton was secretly recorded at a fundraiser for wealthy donors mocking and condescending to the millenials who backed Bernie Sanders. The recording and transcripts were released by The Intercept, a site financially backed by Pierre Omidyar, and edited by Glenn Greenwald, both left wingers.  
But evidently the spectacle if Hillary Clinton telling rich people the youngsters are naïve and free college is impractical, while currently touting free college to them on the campaign trail, is just too much to bear.
Clinton has been inconsistent in the past about espousing political labels. She has at times touted herself as stalwart liberal. For instance, she said last July: “I take a backseat to no one when you look at my record in standing up and fighting for progressive values.” But a few months later, she told a group in Ohio: “You know, I get accused of being kind of moderate and center. I plead guilty.”
The recording, apparently coming from a hacked email, was first released by theFree Beacon, which focused on Hillary opposing an upgrade of our nuclear forces. But, significant though that may be in substance, politically, the mockery of millenials is far more potent. For example:
CLINTON: It is important to recognize what’s going on in this election. Everybody who’s ever been in an election that I’m aware of is quite bewildered because there is a strain of, on the one hand, the kind of populist, nationalist, xenophobic, discriminatory kind of approach that we hear too much of from the Republican candidates. And on the other side, there’s just a deep desire to believe that we can have free college, free healthcare, that what we’ve done hasn’t gone far enough, and that we just need to, you know,  go as far as, you know, Scandinavia, whatever that means, and half the people don’t know what that means, but it’s something that they deeply feel. So as a friend of mine said the other day, I am occupying from the center-left to the center-right. And I don’t have much company there. Because it is difficult when you’re running to be president, and you understand how hard the job is —  I don’t want to overpromise. I don’t want to tell people things that I know we cannot do. 
CLINTON: Some are new to politics completely. They’re children of the Great Recession. And they are living in their parents’ basement. They feel they got their education and the jobs that are available to them are not at all what they envisioned for themselves. And they don’t see much of a future. I met with a group of young black millennials today and you know one of the young women said, “You know, none of us feel that we have the job that we should have gotten out of college. And we don’t believe the job market is going to give us much of a chance.” So that is a mindset that is really affecting their politics. And so if you’re feeling like you’re consigned to, you know, being a barista, or you know, some other job that doesn’t pay a lot, and doesn’t have some other ladder of opportunity attached to it, then the idea that maybe, just maybe, you could be part of a political revolution is pretty appealing. So I think we should all be really understanding of that and should try to do the best we can not to be, you know, a wet blanket on idealism. We want people to be idealistic. We want them to set big goals. But to take what we can achieve now and try to present them as bigger goals.


Clinton, in the guise of a “jobs” and “infrastructure” program, promoted yet another scheme to hand out tax cuts and other incentives for companies to hire workers at poverty-level wages, with the trade unions brought in to keep the workers in line in return for a cut in the spoils.


 “Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan THE AMERICAN


Build the La Raza Democrat Party base with open borders, no ID to vote Democrat, no E-VERIFY and NO DAMNED LEGAL NEED TO APPLY.

Keeping wages DEPRESSED with endless hordes of looting Mexicans invading keeps these corrupt politicians’ paymasters on Wall Street generous$.

"Republicans should call for lower immigration to stop the Democrat voter recruitment.  But more importantly, all Americans should call for lower immigration in order to offer a better opportunity of finding jobs for those millions of their fellow Americans of all political persuasions who would like to work."


On behalf of bankster-owned Barack Obama, Yellen vows to the rich and crony banksters that they will be protected and subsidized with no strings bailouts during the next looming economic meltdown around the corner from elections.

“In fact, these policies have already produced financial and asset bubbles that are unsustainable, and there are increasing signs of financial instability and crisis. There are growing warnings that the spread of negative interest rates is leading to a new financial meltdown even worse than the disaster that struck eight years ago.”

"The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s."

Deutsche Bank and the global financial crisis

"The turmoil surrounding Germany’s biggest bank demonstrates that all of the contradictions of the global financial system that led to the meltdown of 2008 are once again erupting."

Deutsche Bank and the global financial crisis

1 October 2016
Deutsche Bank’s shares plunged to record lows this week, sparking talk of a government bailout to avert a new financial crash. The turmoil surrounding Germany’s 
biggest bank demonstrates that all of the 
contradictions of the global financial system that led 
to the meltdown of 2008 are once again erupting. Now, however, these contradictions are fuelling and intersecting with economic and political tensions between the major powers. These geo-political conflicts are, in turn, intensifying the financial crisis.
The financial position of Deutsche Bank has been of concern for a number of years, with the International Monetary Fund saying last June that it appeared to be “the most important net contributor to systemic risks in the global financial system.” But the immediate cause of the present crisis was political.
After a protracted investigation, the US Department of Justice moved last month to impose a $14 billion penalty on Deutsche Bank for fraudulent practices in relation to the US sub-prime mortgage market in the lead-up to the 2008 crisis. Both the substance of this decision and the circumstances surrounding it indicate that it was a calculated move to hit Germany’s only major international bank.
The decision was leaked to the Wall Street Journal, rather than being discussed behind closed doors so that a private settlement could be reached. It emerged in the midst of rising tensions between the US and the European Union, particularly with Germany.
Following the EU decision to hit Apple with a €13 billion back tax bill—a step that met with trenchant criticism from US government and corporate circles—the Justice Department move in relation to Deutsche Bank was widely regarded in European circles as payback. Tensions over the Apple penalty and its implications for US investment and profit-making in Europe had been compounded by the virtual scuttling of the US-sponsored Trans-Atlantic Trade and Investment Partnership by Germany and France.
The Deutsche Bank share plunge was halted on Friday, at least for now, on the back of news that the US was prepared to lower its fine to $5.4 billion. This, however, will prove at most to be a short-lived ceasefire in an ongoing economic and financial war.
The conflicts are not temporary 
phenomena,but are rooted in two 
interconnected objective developments: the 
ongoing stagnation in the world economy, 
marked by low growth levels, declining trade, 
lower investment and falling productivity, and
the development of a massive financial bubble 
reflected in the rise of stock and bond 
The contradiction between booming financial markets and intractable slump in the underlying economy is assuming an ever more explosive form. Notwithstanding the illusion that money can simply beget more money through speculation and central bank stimulus, financial assets represent, in the final analysis, a claim on the wealth produced in the real economy.
For decades, financial assets were roughly equivalent in size to global gross domestic product. But the rise of financialisation, starting in the 1980s, led to a situation where, by the time of the 2008 crisis, these assets were more than 360 percent of global GDP. This ratio has only increased since then as a result of the extraordinary monetary policies—the pumping of trillions of dollars into the financial system and ultra-low and even negative interest rates—adopted by the world’s major central banks.
Commenting on the Deutsche Bank crisis, one financial analyst told the Financial Times: “Investors are now worried that sooner or later there will be a heavy price to pay for the current market distortions.” The market distortions, however, are only the immediate expression of profound contradictions in the very foundations of the global financial system.
Under conditions where financial asset 

claims vastly outweigh real wealth, each 

section of finance capital must turn ever more

viciously against its rivals in an attempt to 

eliminate them.
These tendencies find particular expression in Deutsche Bank. For decades, it worked in close collaboration with key sections of German large-scale industry. But with the growth of global finance capital, this business model became increasingly unviable, and at the end of the 1980s Deutsche Bank sought to turn itself into a global investment bank and aggressively targeted its rivals, particularly US banks. Its criminal activities in the US sub-prime market, mirroring those of US competitors such as Goldman Sachs, were part of this process.
While American banks were strengthened by the bailouts organised by the US government, the financial position of Deutsche Bank has been steadily eroded.
Without a bailout, it needs to raise more capital from the market in order to compete. But the ultra-low and negative interest rate regime, set in place by the major central banks, means that its basic business model has been adversely affected and profit expectations have been lowered. Under conditions where Deutsche Bank continues to hold on its balance sheet high levels of toxic derivative assets and the prospects for a serious revival of world trade and economic growth become increasingly remote, its counterparties demand ever higher rates of return on credit.
As the Wall Street Journal noted: “Deutsche Bank’s biggest problem isn’t just that it needs capital, but that it will find it very hard to raise any,” since it will “struggle to convince investors that it can make a return that beats its cost of capital in the years ahead.”
Just as rival gangs conduct a turf war of each against all in a bid to strengthen their own position, so Deutsche Bank has been targeted. Hedge funds and speculators have had a field day betting against the bank.
In a statement to employees on Friday, Deutsche Bank CEO John Cryan alluded to the forces at work, declaring that in banking, trust was everything, and that “there are currently forces at play in the market that want to weaken this trust in us.”
Deutsche Bank is not the only target. The wider dimensions of the conflict were given voice in a statement this week by Valdis Dombrovskis, a vice-president of the European Commission. He declared that reforms to global banking being pushed by the United States, which would lead to “significant increases in capital requirements shouldered by Europe’s banking sector,” would not be accepted.
While not directly naming the US, he said: “We want a solution that works for Europe and does not put our banks at a disadvantage compared to our global competitors.”
The way in which the insoluble contradictions of the global capitalist economy are fuelling geo-political tensions, and vice versa, as revealed in the Deutsche Bank crisis, is of profound significance. As the tormented history of the 20th Century shows, it is an indubitable expression of a global breakdown of the capitalist system that leads inexorably, unless prevented by the international working class, to world war.
Nick Beams



Fighting back Wall Street’s Looting and Rule





Under Obama-Clintonomics, the rich became VERY rich and we got the tax bills for their bailouts and crimes!


She would make a terrible president and Bill an equally terrible “First Gentleman” for these thirty reasons.


…..will pass right through Hillary Clinton’s Mansion door!


 “Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.” ---- Karen McQuillan THE AMERICAN