Hillary Clinton kicks off the 'stop Sanders' movement. Will Obama follow her lead?
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Clinton slams Sanders: 'Nobody likes him'
Welcome to 2020 Vision, the Yahoo News column covering the presidential race with one key takeaway every weekday and a wrap-up each weekend. Reminder: There are 13 days until the Iowa caucuses and 287 days until the 2020 election.
Nothing the Clintons do is accidental. And so when the news broke less than two weeks before the Iowa caucuses that in a forthcoming Hulu documentary, Hillary Clinton badmouths her 2016 rival Bernie Sanders as a “career politician” whom “nobody likes,” it didn’t just call attention to the ill feeling still lingering from that year’s bitter primary campaign.
It also signaled that Clinton has thrown her weight behind the nascent “Stop Sanders” movement gaining steam among Democratic power brokers.
It also signaled that Clinton has thrown her weight behind the nascent “Stop Sanders” movement gaining steam among Democratic power brokers.
The question now is whether Democratic voters will follow her lead — and whether Barack Obama himself might come out of semiretirement to join the cause.
Asked by the Hollywood Reporter whether she would endorse and campaign for Sanders if he were to win the nomination, Clinton refused to commit. “I’m not going to go there yet,” she said.
Clinton immediately added, however, that her beef is “not only” with Sanders but with “the culture around him” — a culture she considers sexist.
“It’s his leadership team,” Clinton said. “It’s his prominent supporters. It’s his online Bernie Bros and their relentless attacks on lots of his competitors, particularly the women. And I really hope people are paying attention to that because it should be worrisome that he has permitted this culture — not only permitted, [he] seems to really be very much supporting it. And I don’t think we want to go down that road again where you campaign by insult and attack and maybe you try to get some distance from it, but you either don’t know what your campaign and supporters are doing or you’re just giving them a wink and you want them to go after Kamala [Harris] or after Elizabeth [Warren].”
Then Clinton twisted the knife: “I think that that’s a pattern that people should take into account when they make their decisions.”
Clinton’s timing is conspicuous. Since the start of the 2016 primary, pundits and mainstream Democrats have refused to consider Sanders a serious threat for the nomination. That’s changed in recent weeks as Sanders has surged to the top of the polls in Iowa and New Hampshire, cementing his status as the nearest competitor to frontrunner Joe Biden while also out-fundraising the entire field. Meanwhile, the headlines about Clinton’s remarks come on the heels of Sanders’s clash with Warren over the same subject: his (and his campaign’s) alleged sexism.
In other words, this isn’t coming out of nowhere: Clinton is piggybacking on a fresh controversy at a pivotal moment.
“This argument about whether or not or when [Sanders] did or didn’t say that a woman couldn’t be elected, it’s part of a pattern,” Clinton opined. “If it were a one-off, you might say, ‘OK, fine.’ But he said I was unqualified. … I just think people need to pay attention because we want, hopefully, to elect a president who’s going to try to bring us together, and not either turn a blind eye, or actually reward the kind of insulting, attacking, demeaning, degrading behavior that we’ve seen from this current administration.”
Hillary Clinton and Bernie Sanders debate in the 2016 election in Flint, Michigan [Credit: AP Photo/Carlos Osorio, File]
ALL the Dems' banksters and billionaires want wider open borders!
Meanwhile, Citigroup has promoted mass immigration as a necessary component to growing the American economy in terms of increasing GDP. A report released by executives last year championed migration into the U.S., the United Kingdom, and Germany.
Democratic Party establishment wages war on Sanders
Top Democratic officials and Democratic-aligned media outlets are engaged in a coordinated offensive against the campaign of Vermont Senator Bernie Sanders.
In an extraordinary interview published Tuesday, the 2016 Democratic presidential candidate, Hillary Clinton, denounced Sanders and refused to commit herself to support Sanders if he wins the Democratic presidential nomination this year.
Clinton was being interviewed about a forthcoming documentary set to premiere at the Sundance Festival and air on Hulu beginning March 6. “He was in Congress for years. He had one senator support him,” Clinton says. “Nobody likes him, nobody wants to work with him, he got nothing done. He was a career politician. It’s all just baloney and I feel so bad that people got sucked into it.”
Hillary Clinton and Bernie Sanders debate in the 2016 election in Flint, Michigan [Credit: AP Photo/Carlos Osorio, File]
Asked if this characterization still held good, Clinton told the Hollywood Reporter that it did . Asked if she would support Sanders if he won the Democratic nomination this year, Clinton declined to say, adding, “I’m not going to go there yet. We’re still in a very vigorous primary season.”
She went on to denounce Sanders and his core advisers—who include his wife Jane, former Ohio state Senator Nina Turner and other women—as incorrigibly sexist. “It’s his leadership team. It’s his prominent supporters. It’s his online Bernie Bros and their relentless attacks on lots of his competitors, particularly the women,” she said, adding that Sanders “seems to really be very much supporting it.”
With this vicious personal smear, Clinton reminds the public why she was so hated in 2016. As the embodiment of the corrupt Democratic Party establishment, she managed to lose the presidential election to Donald Trump.
Her refusal to say that she would support Sanders is remarkable. In effect, Clinton is suggesting that she might side with Trump against the nominee of her own party.
Clinton’s statement is the culmination of a week of political provocations and personal attacks. The offensive was set off by the political stink bomb launched with the help of CNN by Senator Elizabeth Warren, who claimed that at a private meeting in 2018—attended only by the two senators, without aides—Sanders told her that a woman could not win the presidency in 2020.
Sanders has repeatedly denied this claim and pointed out its absurdity, since Hillary Clinton actually won the popular vote in 2016. Leading up to that campaign, he met with Warren and offered to support her in a challenge to Clinton for the Democratic nomination. Sanders ran himself only when Warren told him she would not.
New York Times columnist Paul Krugman, a long-time media mouthpiece for the Democratic establishment, provided his own contribution Tuesday by denouncing the Sanders campaign for allegedly lying about former Vice President Biden’s support for cuts in Social Security.
Krugman takes a minor campaign incident—a Sanders aide posted an out-of-context video snippet of Biden—as though it was a political crime, describing it as “bad… almost Trumpian.” He adds, “The last thing we need is another president who demonizes and lies about anyone who disagrees with him, and can’t admit ever being wrong.” In fact, Biden did at one time speak of cutting Social Security cost-of-living increases.
These denunciations coincide with the heavily publicized joint endorsement of Senator Warren and Senator Amy Klobuchar by the editorial board of the New York Times, in a statement published in its Monday print edition.
While the editorial was not headlined, “Anybody but Sanders,” that is the essential thrust of it. The Times’ effort to boost Warren against Sanders is deemed particularly urgent by the party establishment, given Sanders’ rise in the polls in both Iowa and New Hampshire, the first two states where voting will take place in early February. With greater enthusiasm, the newspaper also promotes Klobuchar, rather than former Vice President Joe Biden or former South Bend mayor Pete Buttigieg, as the candidate of what the Times terms the “realist” wing of the Democratic presidential field.
The joint endorsement of two female candidates, one for each “lane” of the nomination contest (“radical” and “realist” in the editorial’s phrasing) serves the Times’ relentless campaign to inject race and, in this case, gender, into American politics, while downplaying class and economic inequality. Thus the editorial concludes with the injunction, “May the best woman win.”
What do Clinton, Krugman and the Times editors fear? The Democratic Party has two principal constituencies: finance capital and the CIA. Both of these constituencies are opposed to a Sanders nomination. They do not want to run an election that makes an appeal to opposition to social inequality or war. Sanders has returned to the latter theme in the wake of Trump’s assassination of Iranian General Suleimani.
The vicious tone of Clinton’s declaration is revealing. If Sanders were to become the frontrunner for the nomination, the party establishment and the media would seek to wreck his campaign. If Sanders won the nomination, they would try to defeat him, either openly supporting Trump or running a third-party “independent” candidate such as billionaire Michael Bloomberg, who has already entered the Democratic contest for the purpose of blocking Sanders. If, despite such efforts, Sanders were to win the general election, they would seek to sabotage his administration and block any attempt to pass Sanders-backed legislation through Congress.
What this shows is the bankrupt and essentially reactionary role of Sanders himself.
In 2016, when the campaign of the self-styled “socialist” attracted the support of millions, staggering the political establishment and the senator himself, Sanders dutifully wound up his bid for the nomination despite brazen cheating by the Democratic National Committee, which was brought to light through documents published by WikiLeaks and Julian Assange. The senator, who won wide support decrying the influence of the “billionaire class,” turned on a dime and endorsed and campaigned for the chosen candidate of Wall Street, Hillary Clinton.
This year, while Clinton will not pledge to support Sanders, Sanders has already committed to supporting whichever candidate wins the Democratic nomination. This is under conditions where millions of workers and youth have already demonstrated through strike action and protests in the street that they are prepared to go far beyond the political limits prescribed by the Democrats, the second oldest capitalist party in the world.
Sanders portrays the Democratic Party, a ruthless defender of Wall Street and American imperialism, as a potential political vehicle for “revolution” against the corporate elite. In this exercise in mass deception, he has the assistance of an array of pseudo-lefts, from Representative Alexandria Ocasio-Cortez and the Democratic Socialists of America to Jacobin magazine and Socialist Alternative. They all seek to make sure that the mounting social anger in America does not escape the death-grip of the Democratic Party.
Sanders is not the spokesman of the political radicalization of workers and youth and the growing opposition to capitalism. Rather, his role has always been to contain this opposition within the framework of capitalist politics. His “political revolution” has boiled down to an effort to convince his supporters to support the Democratic Party.
For these services, Sanders is kicked in the teeth, which only demonstrates the futility of what he claims is possible.
To defend jobs, living standards and democratic rights and oppose the growing threat of imperialist war, workers and young people must break out of the straitjacket of the Democratic Party. Not a single step forward can be taken in the struggle against capitalism and imperialism without establishing the political independence of the working class from all the corporate controlled parties.
Hillary Clinton responds to uproar after bashing Sanders: 'I will do whatever I can to support our nominee'
Hillary Clinton on Tuesday appeared to walk back her strong opposition to Sen. Bernie Sanders, I-Vt., after she suggested in an interview that she would not support her former 2016 rival if he were to win the Democratic nomination in 2020.
Hillary Clinton on Tuesday appeared to walk back her strong opposition to Sen. Bernie Sanders, I-Vt., after she suggested in an interview that she would not support her former 2016 rival if he were to win the Democratic nomination in 2020.
During an extensive interview with The Hollywood Reporter about "Hillary," the new Hulu documentary series on her life, Clinton made headlines by refusing to say whether she would endorse Sanders. She blasted the self-declared democratic socialist senator on accusations of sexism that have plagued his campaign, especially in the wake of Sen. Elizabeth Warren, D-Mass., alleging Sanders told her a woman could not win a presidential election during a private conversation in 2018.
On Tuesday evening, Clinton followed those remarks with what seemed to be some clarification about aiding the Democratic Party ahead of the presidential election. Click here for more.
Hillary Unloads on Bernie Sanders in Upcoming Documentary
THAN A TRILLION DOLLARS IN AMERICAN HOME
VALUES AND NOW THEY'RE COMING BACK FOR MORE WITH THE BANKSTES' RENT BOY BIDEN!
Obama paid $600,000 for a single speech
OBAMA AND BIDEN: SERVANT OF THE 1%
Richest one percent controls nearly half of global wealth
Wealth concentration increases in US.
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
Former Vice President Joe Biden attended a fundraiser with Wall Street donors during President Donald Trump’s campaign kickoff rally in Florida on Tuesday.
AMERICA: THE RICH GET MUCH RICHER AND THE MIDDLE CLASS GETS BLUDGEONED…. Illegals get the jobs!
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“Today’s society benefits those who shaped it, and it has been shaped not by working men and women, but by the new aristocratic elite. Big banks, big tech, big multi-national corporations, along with their allies in the academy and the media—these are the aristocrats of our age. They live in the United States, but they consider themselves citizens of the world” Sen. Josh Hawley
"But what the Clintons do is criminal because they do it wholly at the expense of the American people. And they feel thoroughly entitled to do it: gain power, use it to enrich themselves and their friends. They are amoral, immoral, and venal. Hillary has no core beliefs beyond power and money. That should be clear to every person on the planet by now." ---- Patricia McCarthy - AMERICANTHINKER.com
"The tax overhaul would mean an unprecedented windfall for the super-rich, on top of the fact that virtually all income gains during the period of the supposed recovery from the financial crash of 2008 have gone to the top 1 percent income bracket."
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Millionaires projected to own 46 percent of global private wealth by 2019
While the wealth of the rich is growing at a breakneck pace, there is a stratification of growth within the super wealthy, skewed towards the very top.
By Gabriel Black
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
Despite a booming economy, many U.S. households are still just holding on
https://mexicanoccupation.blogspot.com/2019/05/the-recovery-that-never-happened-except.html
"One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."
Jim Carrey: America ‘Doomed’ If We Don’t Regulate Capitalism"
The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process."
Steven Mnuchin just completed the most
expensive purchase of a living artist’s work in
US history, spending over $91 million on a
three-foot-tall metallic sculpture. Ken Griffin,
the founder of hedge fund Citadel,
recently dropped $238 million on a
penthouse in New York City, the most
expensive US home ever purchased. And
Amazon’s Jeff Bezos, the world’s richest man,
has invested $42 million in a 10,000-year
clock.
$2,198,468,000,000: Federal Spending Hit 10-Year High Through March; Taxes Hit 5-Year Low
JPMorgan shares climb after the bank posts record earnings and revenue
"The Federal Reserve is a key mechanism for perpetuating this whole filthy system, in which "Wall Street rules."
Wall Street rules
the depression is already here for most of us below the super-rich!
"Overall, the reaction to the decision points to the underlying fragility of financial markets, which have become a house of cards as a result of the massive inflows of money from the Fed and other central banks, and are now extremely susceptible to even a small tightening in financial conditions."
Socialism haunts the American ruling class In the two months since Donald Trump vowed in his State of the Union Address that “America will never be a socialist country,” the right-wing demagogue president and the Republican Party have embraced anti-socialism as the defining theme of their campaign in the 2020 elections.
Wall Street Warms Up to Elizabeth Warren: ‘She’s the Smartest,’ ‘Most Policy-Oriented’ Democrat
Wall Street is warming up to the idea of Sen. Elizabeth Warren (D-MA) being the Democrat nominee for president against President Donald Trump in the 2020 election, interviews with executives and bankers reveal.
Hillary Unloads on Bernie Sanders in Upcoming Documentary
Hillary Clinton held nothing back in describing her former rival, Sen. Bernie Sanders, calling him a career politician no one likes or wants to work with.
The Hollywood Reporter’s Lacey Rose asked Clinton about those remarks, which she gave in an upcoming Hulu documentary about the 2016 election.
"In the doc, you're brutally honest on Sanders: 'He was in Congress for years. He had one senator support him. Nobody likes him, nobody wants to work with him, he got nothing done. He was a career politician. It's all just baloney and I feel so bad that people got sucked into it,'" she says, quoting the former secretary of state. "That assessment still hold?"
"Yes, it does," Clinton replied, but she would not say whether she would get behind him if he wins the Democratic nomination.
"I'm not going to go there yet. We're still in a very vigorous primary season," she said of a possible endorsement.
"I will say, however, that it's not only him, it's the culture around him. It's his leadership team. It's his prominent supporters. It's his online Bernie Bros and their relentless attacks on lots of his competitors, particularly the women," Clinton explained.
"And I really hope people are paying attention to that because it should be worrisome that he has permitted this culture — not only permitted, [he] seems to really be very much supporting it," Clinton added.
She also told Rose that some of the advice she has given the female Democratic candidates is to be prepared to push back against the “structural challenges” that will be presented by the GOP and its allies, accusing Republicans of election fraud.
“So, that means you've got to deal with voter suppression, because they'll steal votes or they'll prevent votes from happening. They're now trying to purge voters so that they can try to limit the electorate,” she said.
Additionally, Clinton cautions candidates about their emails getting hacked, fake news, and the unfairness they will face as female candidates.
“You've got to deal with the theft of your personal information, particularly your emails. I say to them, "If your emails haven't been stolen yet, they will be." Look what the Russians just did, hacking into that Ukrainian oil company to try to dig up something or make something up [about Joe Biden's son, Hunter],” she said. “Then you've got to worry about the propaganda, the fake news, the made-up stories. Now you have the additional worry of the deepfakes, and people putting words in your mouth. I've tried to tell all the candidates the same thing, but with the women, I say, "You're probably not going to be treated fairly, don't let it knock you off stride."
The four-part documentary "Hillary" will premiere March 6 on Hulu.
The list of predicate crimes is extensive and includes bribery, embezzlement, fraud, theft, money laundering, and obstruction of justice.
State: A RICO Criminal Conspiracy
Secretary Hillary Clinton and the Deep
State: A RICO Criminal Conspiracy
We who elected President Trump understood our elected officials and the Deep State were sandbagging Trump and self-dealing public funds. It was no secret that President Trump is no angel, unpresidential, blunt, and crude, and a disruptor. Trump was hired to drain the swamp.
I watched this kabuki theater unfold over the last several years. Through my eyes as a shopworn gumshoe, I will explain what is happening. My investigative curiosity was first piqued by the ATF Fast and Furious scandal and continues through the recent House impeachment show trial. There is a common element running through all of these cons — the actions of an organized crime conspiracy. A group of people either acting alone or in concert with others committed crimes with a common purpose - a criminal enterprise as described in "CRIMINAL RICO: 18 USC. §§1961-1968 A Manual For Federal Prosecutors."
The players acted together – in the usurpation of power, the abuse of power by public officials, bribery, thefts by fraud including federal funds, money laundering, perjury and the obstruction of justice, the violations of fundamental of civil rights, aided and abetted in the commission of these crimes and or to conceal these crimes. Criminals will lie and can't keep their lies straight. Their methods and behaviors are the same, whether engaging in street crimes or elaborate white-collar financial schemes. The only difference is when more money is involved, the perps are more adept in concealing, covering up their sins, and hiding where the money went. Many of these scandals are well known to the American Thinker readers. I will focus my comments on Hillary's home brew sever and the Clinton Foundation as an example of how RICO can be used to prosecute the players.
FBI Director James Comey indicted Hillary Clinton for her home brew server at his press conference. Comey then egregiously concluded that there was no evidence of criminal intent purportedly “required” to prosecute. Comey bastardized the Federal Espionage Act in absolving Hillary Clinton. FBI's investigation of Clinton's emails was low-balled. There was never a real search for the truth. The outcome was preordained. My jaw dropped wide open. I knew the fix was in. FBI Director Comey lied to the people with a straight face. Why?
The chance meeting of Bill Clinton and AG Loretta Lynch on the airport tarmac was no mere coincidence. This chat was not about the grandkids. Bill Clinton was there to convey a specific message to Lynch that there would be no indictment of Hillary. Hillary Clinton's email case must tank. This would have constituted bribery, if AG Lynch was assured she would continue as AG in Clinton Administration. This meeting took place only weeks before Comey's press conference dumping Hillary Clinton's email case.
The Deep State needed Hillary Clinton to win the 2016 presidential election, or the dike holding back the truth would burst. Trump, the disruptor, was an immediate threat to both the Republicans, Democrats, and the Deep State. If the truth were laid bare, it would expose the Obama Administration, Hillary Clinton, the Senate and House, and many executive departments for these abuses of power, corruption, bribery, frauds, and thefts of public funds.
High-level government officials and the Deep State committed many serious felonies either in furtherance of or to conceal the crimes committed in the pay to play scam. In exchange for favorable consideration by Secretary Clinton, those who benefited would donate to the Clinton Foundation. The FBI started and stopped investigations into the Clinton Foundation at least twice as reported by the Washington Post. Peter Schweizer's book, Clinton Cash, is the most damning. Dinesh D'Souza slammed the Foundation in the National Review, as did The Federalist.
The status of the investigation of the Foundation by US Attorney John Huber's is unknown. Rudy Giuliani said there was enough to pursue "Clinton Inc" as racketeering under RICO. The Foundation and its affiliated nonprofits require a real investigation with an in-depth forensic audit to determine where the money went. In financial crimes investigation, the prime rule is "follow the money, honey." Illicit nonprofits have many ways to divert funds by inflating salaries, expenses, and money laundering.
Illegal nonprofit schemes are difficult to prosecute without hard evidence and the testimony of insiders. The motive of Hillary Clinton's use of the home brew server was to conceal emails from FOIA requests that would provide the hard evidence. Hillary Clinton destroyed the data on her server and cell phones with the knowledge of the FBI. It took years for Judicial Watch and others to pry and recover some of these damning emails from the foot-dragging executive departments that were complicit and knew what was going on.
RICO initially was used to target mob families. RICO is also a useful tool to fight white collar conspiracies. They both have the same hierarchy of low-level crooks led by the top players, linked together with a common purpose. RICO has tools to squeeze the low-level operatives to gather evidence to prosecute, jail, and seize assets of the conspirators. The critical element required is a pattern of criminal or racketeering activity. This pattern is proved by showing two predicate crimes were committed within ten years. The list of predicate crimes is extensive and includes bribery, embezzlement, fraud, theft, money laundering, and obstruction of justice. The typical five-year statute of limitations for most federal felonies is extended to ten years from the last criminal act or acts committed to conceal the conspiracy, i.e., lying under oath and similar actions to obstruct justice. The prison sentences are steep. The effect is to cut off the head of the organization and not just the low-level players.
The criminal activity extends back to the ATF's Fast and Furious program through the House impeachment show trial to cover up the illegal acts of the Obama Administration, Hillary Clinton, the Department of State, the DOJ, the FBI, and the CIA. A telltale sign that the DOJ under US Attorney General Barr is willing to play hardball and may use RICO, came when he spoke to the Federalist Society: "Barr accuses liberal 'resistance' of trying to 'sabotage' Trump." AG Barr said this, "shows FBI launched Trump campaign investigation on the 'thinnest of suspicions." AG Barr is the new sheriff in town, he wears a badge, has guns and will travel, can impanel grand juries, indict and arrest people, and is not limited in his jurisdiction, like DOJ IG Horowitz.
The collective actions of the Deep State are and were a silent coup to delegitimize a Presidential candidate. Once elected to impede and resist the duly elected President. The President's law enforcement and intel agencies were corrupted at the highest level and went rogue.
Organized crime can't exist without corrupt law enforcement. As I wrote in a letter to President Trump earlier this year:
. . . I believe you understand the gravity of the situation and of its importance to the very survival of our Country as we know it. If the people involved are not held accountable for their actions, we will be no different than some Third World Banana Republic.
Failure to act will destroy our founding principle of the Rule of Law as stated by President John Adams, "We Are a Nation of Laws, Not of Men" and we cannot allow a two-tiered justice system to prevail.
Ron Wright is a retired detective from Riverside PD, CA. BA in political science CSUF, M. Adm. University of Cal, Riverside. Facebook at Ron T. Cop.
“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 AMERICAN THINKER.com
Peter Schweizer, author of “Secret Empires: How
OBAMANOMICS: THE ASSAULT ON THE AMERICAN MIDDLE-CLASS CONTINUES - The insider trading fix and class justice in America
THE COURTS UPHOLD DICTATOR OBAMA'S POLICIES OF CRIMINAL BANKSTER CRONIES ABOVE THE LAW!
CRIMES AGAINST AMERICA: Barack Obama, His Criminal
Banksters and the Mexican drug cartels
“I’m not here to punish banks!” Barack Obama in the faces of the American People his bankster donors looted – State of the Union Message
“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).”
OBAMA’S PROMISE TO CRONY
BANKSTERS: Not one day in prison!
“Nearly five years after the greatest financial crash since the
Great Depression, triggered by rampant illegality and fraud
on the part of the major banks, not a single major institution
or leading bank executive has been indicted, let alone tried,
convicted and jailed.”
Hillary has declared bankster looting will see even greater rewards from her administration!
“In reality, the settlement falls far short of holding JPMorgan
accountable for its fraudulent sale of mortgage-backed assets,
which netted the bank tens of billions of dollars in profits
while exacerbating the sub-prime mortgage crash that led to
over ten million foreclosures in the US and a global economic
downturn that thrust many millions more into
unemployment and poverty.”
“Nearly five years after the greatest financial crash since the
Great Depression, triggered by rampant illegality and fraud
on the part of the major banks, not a single major institution
or leading bank executive has been indicted, let alone tried,
convicted and jailed.”
Hillary has declared bankster looting will see even greater rewards from her administration!
“In reality, the settlement falls far short of holding JPMorgan accountable for its fraudulent sale of mortgage-backed assets, which netted the bank tens of billions of dollars in profits while exacerbating the sub-prime mortgage crash that led to over ten million foreclosures in the US and a global economic downturn that thrust many millions more into unemployment and poverty.”
The insider trading fix and class justice in America
Every day in America, workers and young people are set upon by the police. On most days, at least one is killed.
Over the seven days between March 27 and April 3, 28 people were killed by police officers across the US. Christopher Prevatt, 38, of Winchester, Virginia became the 28th fatality of the week, and the 298th of 2015, when he was shot and killed in his home at about 5 PM on April 3 by a Frederick County Sheriff’s deputy.
The same week, 11 educators in Atlanta, Georgia, including four former teachers, were convicted on state racketeering charges for inflating the results on standardized tests. An investigation by the governor’s office had concluded that the educators were threatened with the loss of their jobs or demotion if they failed to meet student achievement targets. Nevertheless, they were led away to prison in handcuffs to face sentences of 20 years or more. The judge denied their requests for bail, vindictively declaring that they had made their beds and now had to lie in them.
Also that week, a judge in Indiana sentenced a 33-year-old woman to a 20-year prison term for feticide. The woman, who had a miscarriage in 2013, was arrested after her doctor informed police that she might have used medication to terminate her pregnancy.
In America, “justice” for the working class and poor is remorseless, brutal and final. Millions are caught up in the vast gulag known as the prison system—the largest in the world. They are overwhelmingly poor and disproportionately black and Latino. According to the American Bar Association, 360 people are serving life sentences for shoplifting in California alone.
Occasionally, workers who have been imprisoned for years or decades on the basis of false evidence are released. Last November, Rickey Jackson, then 57, was exonerated of murder charges after spending more than 39 years in prison, several of them on death row. Such rare exceptions to the rule of permanent entombment for victims of police frame-ups provide a glimpse into the cesspool of injustice and cruelty for millions that is the American justice system.
It is entirely different for the rich and well connected, especially the denizens of Wall Street. On April 3, the last day of Christopher Prevatt’s life, the US Court of Appeals for the Second Circuit turned down a motion by the US Attorney for the district covering Wall Street to reconsider the court’s December ruling overturning the conviction on insider trading charges of two hedge fund executives.
Legal experts were surprised that the appeals court refused to accept the prosecutor’s motion, which included a request that the entire court review the ruling handed down in December by a three-judge panel. They were surprised because the December ruling sharply broke with judicial precedent to impose a novel and highly restrictive standard for prosecuting and convicting financial criminals who use insider information not available to the public to rig the markets for their personal gain.
The court brushed aside the prosecutor’s argument that its ruling “will dramatically limit the government’s ability to prosecute some of the most common culpable and market-threatening forms of insider trading.” The judges knew that, which is precisely why they ruled in the way they did.
The December ruling overturned the convictions of Anthony Chiasson, founder of Level Global Investors, and Todd Newman, a former trader at Diamondback Capital Management. Newman and Chiasson had received prison sentences of four-and-a-half and six-and-a-half years, respectively, after allegedly taking in $72 million by soliciting insider information about technology firms Nvidia and Dell.
In the wake of the December ruling, the Obama Justice Department has already dropped charges against several defendants it had accused of trading on insider information, including some who had pleaded guilty. The department said prosecutors could not prove allegations under the new legal framework.
It is believed that the ruling has set the stage for a reversal of the 2013 jury trial conviction of former SAC Capital Advisors portfolio manager Michael Steinberg. A longtime confidant of the multibillionaire manager of the SAC hedge fund, Steven A. Cohen, Steinberg was sentenced to three-and-a-half years in prison last May.
In 2013, the Justice Department arranged a settlement with SAC and Cohen under which the firm pleaded guilty and paid $1.2 billion in penalties for operating what prosecutors called insider trading “on a scale without known precedent.” No charges were brought against Cohen himself, who was allowed to keep the vast bulk of his $9 billion-plus fortune, obtained, according to the government, by criminal means.
These cases typify American class justice as applied to the financial aristocracy. The parasites who make their fortunes by speculating with other people’s money, playing fast and loose with securities and fraud laws, are shielded from any criminal accountability by the Obama administration, Congress and the courts. The media does its part by covering up or downplaying their crimes.
The new aristocrats, like the lords of old, are not bound by the laws that apply to the lower orders. Voluminous reports have been issued by Congress and government panels documenting systematic fraud and lawbreaking carried out by the biggest banks both before and after the Wall Street crash of 2008.
OBAMA CRONY DONORS Goldman Sachs, JPMorgan Chase, Bank of America and every other major US bank have been implicated in a web of scandals, including the sale of toxic mortgage securities on false pretenses, the rigging of international interest rates and global foreign exchange markets, the laundering of Mexican drug money, accounting fraud and lying to bank regulators, illegally foreclosing on the homes of delinquent borrowers, credit card fraud, illegal debt-collection practices, rigging of energy markets, and complicity in the Bernie Madoff Ponzi scheme.
One government-organized settlement has followed another,
utilizing “deferred prosecution” deals and other gimmicks to allow
Wall Street CEOs to get off scot-free. All the banks have had to do
is pay largely fictitious fines, much of the nominal amount written
off as tax credits.
Not a single top bank executive has been criminally prosecuted, let alone convicted or jailed, for illegal practices that led to the collapse of the financial system and a global depression. On the contrary, they have been rewarded by their bribed flunkies in government. They have seen their profits and personal fortunes soar on the basis of government bailouts and an endless stream of cash from the Federal Reserve.
Their plundering of the economy has continued unabated, while the
working class has been made to pay the cost through layoffs, wage
cuts and a ruthless assault on social programs and services.
The same week as the appeals court’s refusal to reconsider its
December ruling on insider trading, Barron’s magazine
emblazoned its March 30 edition with a photo of JPMorgan CEO
Jamie Dimon (known as “Obama’s favorite banker”) and the
headline “Back on Top.” The caption read: “After five years of
regulatory tumult, JPMorgan has emerged as the No. 1 US bank in
assets, credit cards, and investment banking. But CEO Jamie
Dimon is not finished yet. Why shares could rise 30 percent in a
year.”
Describing the bank’s annual investor day event, held in February,
the article quoted a banking analyst as saying, “If there was a theme
to investor day, it was Taylor Swift’s song, ‘Shake it off.’”
BASIC COURSE IN OBAMANOMICS: WHILE
THE LOOTING FOR OBAMA'S CRONY BANKSTERS ONLY
GETS BETTER AND BIGGER, HERE'S WHAT'S LEFT FOR
THE VICTIMS- THE AMERICAN PEOPLE...
* Nine million workers are officially unemployed, another six
million have dropped out of the labor force, eight million work
part-time when they want full-time jobs and 12 million work for
temporary employment agencies.
* Real wages have fallen steadily for American workers since
2007, dropping another five cents an hour in December 2014. The
real income of the average working-class family is now back to the
level of 2000—15 years of stagnation in living standards.
* The US poverty rate has risen from 12.6 percent in 2007 to 14.5
percent in 2013. Nearly half of all Americans and more than half of
all US school children are poor or near poor.
* One fifth of American children do not get enough to eat, while
the overall rate of food insecurity has jumped from 11 percent in
2007 to 16 percent in 2013. One million Americans will be cut off
food stamp benefits this year.
The (real) state of American society as 2015 begins
6 January 2015
As the New Year begins, the social crisis gripping tens of millions of working people in the United States is worsening. Hunger, poverty and long-term joblessness remain at the highest levels in decades, while vital social services continue to be slashed.
The constant of domestic
policy—enthusiastically pursued by both big-
business parties—is an unrelenting assault on
the working class.
CRONY CAPITALISM: How Obama’s Crony Capitalism destroyed the American Middle-Class and made his virtual dictatorship possible.
"Upon coming to office, however, Obama pursued the most right-wing agenda in US history. It quickly emerged that whatever vague promises he made were insincere, and that his administration was committed to an acceleration of the policies of the Bush administration— overseeing a historic transfer of wealth to the rich, escalating military violence abroad, and deepening the attacks on democratic rights within the United States."
“That President Obama would lawlessly bring in more cheap labor at the request of corporate interests at a time when tens of millions of Americans are unemployed speaks volumes.”
THE OBAMA YEARS – THE GOLDEN AGE OF BANKSTER LOOTING AND BANKSTER WELFARE…
INCEST! The case of bankster-owned Barack
Obama and crony Jamie Dimon of JP
MORGAN… their looting continues!
OBAMA’S CRONY BANKSTERS PARTY UP AND STILL
GIVE THE AMERICAN PEOPLE THE MIDDLE FINGER
'Not when those foibles had resulted in real harm to millions of people in the form of foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.'
SOARING INCREASE IN WEALTH FOR BILLIONAIRES….
soaring poverty, joblessness for LEGALS as billionaires push for
Obama’s AMNESTY to legalize Mexico’s looting and keep wages
depressed.
“The American political system is not a democracy; it is a plutocracy—a government of, by and for the rich. The financial aristocracy of bankers and financial parasites runs the country by means of the CIA, the military and a thoroughly bribed retinue of politicians from the White House and Congress down to City Hall.”
Income inequality grows FOUR TIMES
FASTER under Obama than Bush.
STAGGERING ACCUMULATION OF WEALTH BY THE WEALTHY UNDER BARACK OBAMA.
The American middle-class pays the cost!
OBAMANOMICS AT WORK: SOARING
POVERTY
POVERTY – HALF OF AMERICA HITS BOTTOM!
OBAMANOMICS: HALF or NEARLY HALF OF AMERICA TEETERS ON THE EDGE OF POVERTY… and yet the Democrat party is determined to legalize Mexico’s looting and hand millions more jobs to Mexicans… simply to keep wages depressed for their campaign contributing paymasters!
OBAMA’S BANKSTERS TO THE MEXICAN GET OFF –
BUT THEN UNDER OBAMA ALL BANKSTERS GET OFF!
BUILDING THE OBAMA DICTATORSHIP: BANKSTERS, LA RAZA FASCIST and the MEXICAN … business is good for them under the Obamanation!
“Not one banker was prosecuted for illegal involvement in the drugs trade.”
HSBC documents reveal criminal conspiracy of banks and governments
BANKSTERS TO THE MEXICAN DRUG CARTELS: Obama’s crony banksters at work for
the 1%, crooked politicians and the 1% - CALL IT OBAMANOMICS!
BANKSTER RAHM’S VICTORY FOR HIS 1% CRONIES –
FIRST ON THE RAHM AGENDA: CUT PENSIONS, MORE “BAILOUTS” FOR CRONY BANKSTERS.
RAHM EMANUEL…. only one more of Obama’s dirty crony banksters implementing OBAMANOMICS: loot from the middle-class and hand it to the 1%!
OBAMA BANKSTER CRONY RAHM EMANUEL:
“Mayor Emanuel embodies the foulest
characteristics of American politics in general
and the Democratic Party in particular. An
operative in the Clinton administration,
Emanuel made millions as an investment
banker before returning to the White House
as Obama’s chief of staff.”
TO WORK IN THE OBAMA ADMINISTRATION, ONE NEEDS TO BE CONNECTED AND ACTIVELY SERVING OBAMA’S CRONY BANKSTERS, or be a member of the MEXICAN FASCIST PARTY of LA RAZA, as both Obama’s Sec. of Labors, DHS Saldana, and Judge Sotomayor are!
Mayor Emanuel embodies the foulest characteristics of American politics in general and the Democratic Party in particular. An operative in the Clinton administration, Emanuel made millions as an investment banker before returning to the White House as Obama’s chief of staff.
As mayor, Emanuel has pursued the same policies in Chicago as Obama on the national level. He has presided over the closure of 50 schools, attacks on the jobs and pensions of teachers and public employees, and a wave of police violence against youth and working people. The money siphoned from essential services has funded tax cuts and other subsidies for corporations and wealthy investors.
The Democratic and Republican politicians endlessly proclaim that there is no money to meet pressing social needs. But the ranks of multi-millionaires and billionaires continue to grow, along with the obscene levels of wealth they control. These are the paymasters of both corporate-controlled parties.
HILLARY CLINTON VOWS THAT OBAMA’S CRONY CRIMINAL BANKSTERS WILL TAKE OUT ELIZABETH WARREN!
…. Hillary has filled her pockets with dirty Obama bankster money!!!!
CRONY CAPITALISM… predicated on keeping wages depressed to third world levels for his billionaire donors!
Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses…and Muslim Dictators
MEX DRUG ADDICTED AMERICA – BUILDING THE LA RAZA
OCCUPATION AND OBAMA DICTATORSHIP
THE OBAMA – LA RAZA CONSPIRACY: Will the Mexican Drug Cartels Help Obama finish off the American Middle-Class and advance his designs on being America’s first dictator?
From his first day in office, Barack Obama has sabotaged America’s borders and laws to facilitate Mexico’s invasion and wholesale looting of the American economy!
NOT ONE OF OBAMA’S CRONY BANKSTERS THAT LAUDER MEX DRUG CARTEL MONEY WAS EVER PROSECUTED!!!
TAKING DOWN AMERICA:
Obama and the LA RAZA Mexican Drug Cartels Hit Chicago!
THE RISE OF BARACK OBAMA and the
FALL of AMERICA
HOW A SOCIOPATH CONNED A NATION CALLING IT “HOPE & CHANGE” AND THEN BECAME GEORGE BUSH’S THIRD & FORTH TERMS ON STEROIDS.
THE OBAMA SUPER DEPRESSION AT HAND: Crony
capitalism and the Obama administration at work for the 1%
Global financial markets are on the road to another crash, with consequences even more serious than the collapse of September 2008. There have been a series of dire warnings from within the ruling class itself that present monetary policies have created massive financial bubbles with devastating consequences.
OBAMANOMICS: Did Obama’s Crony Banksters Destroy the Global Economy after sucking up trillions in tax payer-paid welfare?
You bet! That’s why they invested in Obama!
CRONY OBAMANOMICS – HOW OBAMA
SQUANDERED AMERICA FOR HIS
LOOTING WALL STREET BANKSTERS!
$3.39T Quantitative Explosion: Fed Owns More Treasuries and MBSs Than Publicly Held Debt Amassed From Washington Through Clinton.
OBAMA, HIS WALL STREET CRONIES, THE DEMOCRAT PARTY, BILLIONAIRES, UNIONS and the U.S. CHAMBER of COMMERCE CONSPIRE TO END THE AMERICAN MIDDLE-CLASS…. they call it amnesty!
"Notwithstanding these powerful trends, the stock markets continue to power on, providing a graphic demonstration of the degree to which the accumulation of wealth by global financial elites has become divorced from the actual process of production."
POVERTY... Obama destroys the American middle-class and builds his bankster-funded dictatorship.
STAGGERING EXPLOSION OF POVERTY IN AMERICA … as Obama eases millions of illegals into our jobs and hands them billions in welfare!
THE IMPENDING GLOBAL DEPRESSION –
OBAMANOMICS AT WORK… even as his crony banksters loot trillions.
HE SERVES HIS PAYMASTERS!
OBAMANOMICS: CLOSET REPUBLICAN BARACK OBAMA’S GIFT TO THE 1% and WALL STREET LOOTERS!
“As Obama and the Democrats know perfectly well, the supposedly “progressive” elements of his budget will be rejected by the Republican Congress, while the pro-corporate and militarist meat of the proposal will be enacted.”
Obama’s State of Delusion ... OR JUST ANOTHER "Hope & Change" HOAX?
22 January 2015
”The delusional character of Obama’s State of the Union
address on Tuesday—presenting an America of rising living
standards and a booming economy, capped by his declaration
that the “shadow of crisis has passed”—is perhaps matched
only in its presentation by the media and supporters of the
Democratic Party.”
“The general tone was set by the New York Times in its lead editorial on Wednesday, which described the speech as a “simple, dramatic message about economic fairness, about the fact that the well-off—the top earners, the big banks, Silicon Valley—have done just great, while middle and working classes remain dead in the water.”
OBAMANOMICS:
The report observes that while the wealth of the world’s 80 richest people doubled between 2009 and 2014, the wealth of the poorest half of the world’s population (3.5 billion people) was lower in 2014 than it was in 2009.
In 2010, it took 388 billionaires to match the wealth of the bottom half of the earth’s population; by 2013, the figure had fallen to just 92 billionaires. It fell to 80 in 2014.
THE OBAMA ASSAULT ON THE AMERICAN MIDDLE-CLASS
“The goal of the Obama administration, working with the Republicans and local governments, is to roll back the living conditions of the vast majority of the population to levels not seen since the 19th century, prior to the advent of the eight-hour day, child labor laws, comprehensive public education, pensions, health benefits, workplace health and safety regulations, etc.”
“In response to the ruthless assault of the financial oligarchy, spearheaded by Obama, the working class must advance, no less ruthlessly, its own policy.”
HILLARY CLINTON: CONFESSED CLOSET REPUBLICAN
Hillary Clinton’s vow to protect the 1%, banksters and buy the illegals’ votes with Obama’s amnesty hoax to legalize Mexico’s looting.
Her record speaks for itself!
HILLARY – A DEDICATED SERVANT OF WALL STREET MONSTERS and a CLONE of BARACK OBAMA!
HOW WELL DID JP MORGAN DO WITH
THEIR INVESTMENTS IN BARACK OBAMA,
THE HUCKSTER FROM CHICAGO???
CRONY CAPITALISM: OBAMA PROTECTS JP MORGAN, THE BIGGEST BANKSTER CRIMINALS IN AMERICAN HISTORY, AND ONE OF OBAMA’S BIGGEST BANKSTER DONORS!
Nearly five years after the greatest financial crash since the Great Depression, triggered by rampant illegality and fraud on the part of the major banks, not a single major institution or leading bank executive has been indicted, let alone tried, convicted and jailed.
Why aren’t the Wall Street criminals prosecuted?
In May 2012, only days after JPMorgan Chase’s Jamie Dimon revealed that his bank had lost billions of dollars in speculative bets, President Barack Obama publicly defended the multi-millionaire CEO, calling him “one of the smartest bankers we’ve got.” What Obama did not mention is that Dimon is a criminal.
JPMorgan is not the exception; it is the rule. Virtually every major bank that operates on Wall Street has settled charges of fraud and criminality on a staggering scale. In 2011, the Senate Permanent Subcommittee on Investigations released a 630-page report on the financial crash of 2008 documenting what the committee chairman called “a financial snake pit rife with greed, conflicts of interest and wrongdoing.”
These multiple crimes by serial lawbreakers have had very real and very destructive consequences. The entire world has been plunged into an economic slump that has already lasted more than five years and shows no signs of abating. Tens of millions of families have lost their homes as a result of predatory mortgages pushed by JPMorgan and other Wall Street banks.
OBAMANOMICS: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses…and Muslim Dictators
OBAMA’S HAREM OF CORRUPT BANKSTERS… DO A
GOOGLE FOR HOW MANY ENDED UP WORKING IN HIS
ADMINISTRATION.
“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).”
Obama now looting the American student
while he hands billions in DEM DREAM
ACTS of WELFARE to illegals… his bankster
cronies at JPMorgan cleaning up on students
also!
“But as the Federal Reserve attempts to lower borrowing costs for everyone from households and small businesses to large corporations and Wall Street banks, student borrowers have not been able to benefit.”
OBAMA and his bankster J P MORGAN LOOT AMERICA
It’s corporate welfare and regulatory robbery—it’s Obamanomics.
In reality, the settlement falls far short of holding JPMorgan accountable for its fraudulent sale of mortgage-backed assets, which netted the bank tens of billions of dollars in profits while exacerbating the sub-prime mortgage crash that led to over ten million foreclosures in the US and a global economic downturn that thrust many millions more into unemployment and poverty.
Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics.
“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).”
JP MORGAN: Obama's fave criminal crony bankster donor!
BARACK OBAMA’S BANKSTER-BOUGHT REGIME of CORRUPTION SERVING CRIMINAL BANKSTER DONORS, BILLIONAIRES, the 1% and LA RAZA ILLEGALS! …..the rest of us get the tax bills for their crimes and looting!
more here:
Rather than Hope and Change, Obama is
delivering corporate socialism to America, all
while claiming he’s battling corporate
America. It’s corporate welfare and regulatory
robbery—it’s Obamanomics.
BARACK OBAMA – JP MORGAN’S RENT BOY? OR SIMPLY
A SERVANT OF WALL STREET’S BIGGEST CRIMINAL
BANKSTERS, ALL OF WHICH END UP WORKING IN THE
CORRUPT OBAMA WHITE HOUSE!
THE OBAMA ASSAULT on AMERICANS for WALL STREET - Obama lays out program to slash higher education funding - WHILE HIS CRONY CRIMINAL BANKSTERS at JP MORGAN LOOT STUDENTS
PROBABLY THE ONLY TRUTH OBAMA EVER TOLD THE AMERICAN PEOPLE WAS THAT HE WAS “NOT HERE TO PUNISH BANKS!”… NOPE, AND HE NEVER HAS. THEIR CRIMES, LOOTING AND PROFITS HAVE SOARED UNDER OBAMA.
YOU WOULD NOT HAVE FOUND OBAMA’S DOJ GOING AFTER OBAMA’S PALS AT JP MORGAN. HOLDER IS TOO BUSY HISPANDERING FOR LA RAZA, SUING AMERICAN STATES AND SABOTAGING OUR LAWS AND BORDERS SO THE OBAMANATION CAN BUILD HIS LA RAZA PARTY BASE of ILLEGALS.
“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).”
OBAMA’S OLD PALS J.P.MORGAN STILL mUCKING OVER CONSUMERS…
IT’S LIKE OLD TIMES FOR THE BANKSTERS!
Headline: California lawsuit alleges illegal collection practices by JPMorgan Chase
THE LONG HISTORY of BARACK OBAMA and HIS
CRIMINAL BANKSTER DONORS JP MORGAN…
STILL LOOTING AMERICA AND THE WORLD!
more at this link –
This is the unadulterated voice of finance capital speaking. It
should be recalled that JPMorgan is deeply implicated in the
speculative operations that have devastated the lives of
hundreds of millions of workers around the world. In March
of this year, a US Senate committee released a 300-page
report documenting the criminal practices and fraud carried
out by JPMorgan, the largest bank in the US and the world’s
biggest dealer in derivatives. Despite the detailed revelations
in the report, no action will be taken against the bank’s CEO,
Jamie who enjoys the personal confidence of the US
president.
… now expanded to pillaging of AMERICAN STUDENTS
more at this link
IMF PREDICTS THAT OBAMANOMICS and the GLOBAL LOOTING BY OBAMA’S CRIMINAL CRONY BANKSTERS WILL SOON DESTROY THE AMERICAN ECONOMY.
The International Monetary Fund warned Wednesday that the world economy would remain locked in a pattern of slow growth, high unemployment and high debt for a prolonged period. The forecast, contained in the organization’s updated World Economic Outlook (WEO), marks a shift from previous economic projections in acknowledging that there is little prospect of a return to the growth levels that prevailed prior to the 2008 Wall Street crash.
The document’s grim analysis amounts to a tacit acknowledgement that the crisis ushered in nearly seven years ago by the financial meltdown is of a historical and fundamental character, and that the underlying problems in the global capitalist system have not been resolved.
Before his first day in office Barack Obama had sucked in more bribes from banksters than any president in history.
During the economic meltdown caused by Obama’s crony banksters, and Obama’s first two years in office, banks made more money than eight years under pro-bankster administration of George Bush.
Both of Obama’s Attorney Generals, Eric Holder and Loretta Lynch, were chosen by the banks because they were from law firms that had long protected big banks from their victims.
"This is how they will destroy America from within. The leftist billionaires who orchestrate these plans are wealthy. Those tasked with representing us in Congress will never be exposed to the cost of the invasion of millions of migrants. They have nothing but contempt for those of us who must endure the consequences of our communities being intruded upon by gang members, drug dealers and human traffickers. These people have no intention of becoming Americans; like the Democrats who welcome them, they have contempt for us." PATRICIA McCARTHY
A key factor in Obama’s newfound and growing wealth are those who profited from his presidency. A number of his public speeches have been given to big Wall Street firms and investors. Obama has given at least nine speeches to Cantor Fitzgerald, a large investment and commercial real estate firm, and other high-end corporations. According to records, each speech has been at least $400,000 a clip.
During his presidency, Obama bragged that his administration was “the only thing between [Wall Street] and the pitchforks.”
In fact, Obama handed the robber barons and outright criminals responsible for the 2008–09 financial crisis a multi-trillion-dollar bailout. His administration oversaw the largest redistribution of wealth in history from the bottom to the top one percent, spearheading the attack on the living standards of teachers and autoworkers.
“This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”
Joe Biden, the walking moron, was selected by Obama also because of his ties and servitude to big banks!
OBOMB'S CRONY BANKSTERS DESTROYED MORE
THAN A TRILLION DOLLARS IN AMERICAN HOME
VALUES AND NOW THEY'RE COMING BACK FOR MORE WITH THE BANKSTES' RENT BOY BIDEN!
Decades of decaying capitalism have led to this accelerating divide.
While the rich accumulate wealth with no restriction, workers’ wages
and benefits have been under increasing attack. In 1979, 90 percent of
the population took in 70 percent of the nation’s income. But, by 2017,
that fell to only 61 percent.
NO PRESIDENT IN HISTORY SUCKED IN MORE BRIBES FROM CRIMINAL BANKSTERS THAN BARACK OBAMA!
This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”
Income inequality grows four times faster under Obama than Bush …. we bankroll Mexico's welfare state in our borders as the number of Americans (Legals) sink into poverty! Illegals also get all the jobs!
The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.
OBAMA’S CRONY BANKSTERISM
THE FED'S OLD BOY NETWORK
By Attorney Jonathan Emord
Author of "The Rise of Tyranny" and
"Global Censorship of Health Information"
December 19, 2011
NewsWithViews.com
Bloomberg LP, parent of Bloomberg News, performed an enormous service for the American public when it sued the Federal Reserve and the Clearing House Association LLC, an institution created by several of the nation’s largest banks, to force disclosure of secret loans made by the Federal Reserve principally to the six largest U.S. banks but also to certain foreign banks. The treasure trove of evidence ultimately obtained by Bloomberg reveals that while the public Troubled Asset Relief Program (TARP) bailed out leading Wall Street firms for the whopping sum of $700 billion, the Fed at the same time doled out some $7.77 trillion (an astronomical sum equal to have the gross domestic product). To make matters worse, the Fed expanded its emergency discount lending program, giving tens of billions more to the same banks at an interest rate of 1%, while the prime lending rate stood at over 3%. The banks getting these funds often turned them into profit centers, lending out proceeds from them at higher interest rates and pocketing the difference, profiting on federal largesse.
The President and his top economic advisers bought the “too big to fail” concept, the notion that regardless of how profligate, irresponsible, even criminal, heads of the leading financial institutions in America had been, it would be worse for the nation if those institutions were to collapse. Consequently, while pushing a legislative agenda of public bail-outs, the Obama Administration maintained a secret program of multi-trillion dollar loans, including billions at below market interest rates. The principal recipients of the funding were JPMorgan, Bank of America, Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc. and Morgan Stanley.
The General Accounting Office audit of the Federal Reserve revealed that some $16 trillion was supplied in secret loans from the Federal Reserve between December 1, 2007 and July 21, 2010. The largest single recipients were Citigroup ($2.5 trillion); Morgan Stanley ($2 trillion); Merrill Lynch ($2 trillion); Bank of America ($1.3 trillion); Barclays PLC ($868 billion); Bear Stearns ($853 billion); Goldman Sachs ($814 billion); the Royal Bank of Scotland ($541 billion); JP Morgan Chase ($391 billion); and Deutsche Bank ($354 billion).
Bloomberg discovered that while top banks were touting in their press releases during the crisis that they had fiscal soundness, their balance sheets were made up primarily of federal funds, most from the Federal Reserve. Moreover, while many banks paid back the TARP funds, they most often did so in reliance on the secret receipts of tens of billions of dollars in Federal Reserve money (in other words, the pay back was in that sense a charade: federal money paid back federal loans). In short, the Administration was complicit in the orchestration of a massive fraud on the American public, making it seem that the banks largely responsible for the financial crisis were weathering the storm of their own accord when in fact they were on board the good ship U.S. Taxpayer.
Meanwhile, the bad lending and financial dealing practices that helped produce the financial crisis have been largely kept in place, underwritten by the federal government. The top banks suddenly realized that far from having to suffer ignominy and defeat for their abuses, they would be kept alive by a seemingly endless flow of federal cash. Indeed, the feds accepted as collateral for loans securities of virtually no worth and other properties that would never support private commercial lending. By propping up the major banks despite their irresponsible lending practices, the federal government has given them a privileged financial status whereby private lenders will give them terms far more favorable than their smaller competitors because they understand the federal government will not let them fail. Economist call this safety net a “moral hazard” (effective federal underwriting for heightened risk taking that permits these lenders to profit at above market rates of return in speculative investing without suffering financial liability for loss). The amounts doled out by the federal government to the banks could have paid off as much as one tenth of all of the delinquent mortgages, Bloomberg determined.
Rather than be forced to take their losses on their enormous junk portfolios and interbank lending practices, the top six banks were allowed to keep the junk portfolios, maintain their dubious lending practices, and turn to the Federal Reserve for money on demand whenever problems arose. Repeatedly when the banks should have gone under due to poor lending practices and grossly speculative profiteering, they were complimented by the Federal Reserve, rescued, and then allowed to tout the falsehood that their success came from sharp management rather than from secret loans. At the same time, these banks and others have shut down commercial lending for small businesses nationwide.
The “too big to fail” justification for the massive federal welfare dole to the top six United States banks was based on a faulty premise. Without question the demise of the leading banks would entail hardship, particularly for the employees of those institutions, but the long term prognosis was good for a restructuring of the financial market through bankruptcies and takeovers. The alternative to allowing the market to impose its own swift and harsh corrective involves imposing a massive burden on every American citizen for generations to come for the trillions spent to prop up a few dozen Wall Street moguls. Rather than have the taxpayers pay an inflated sum to keep the banks responsible for the financial crisis alive, the nation could have spared itself an assumption of massive debt and witnessed the demise of these banks and the rise of new competing financial institutions based on a solid financial model.
The Bush and Obama Administration’s role as Santa Claus for Wall Street has kept from Wall Street the needed lessons that would have otherwise come from the collapse of the major lending institutions. Painful as it may seem to some, it is far better to allow the market to experience a correction for profligate lending practices than to force the American taxpayers for generations to come to pay for the bad decisions made by a few and to let those few go without suffering a single consequence beyond temporary embarrassment.
Obama paid $600,000 for a single speech
In the two years since leaving the White House, former President Barack Obama has spent his time raising and solidifying his position in the uppermost echelons of the top one percent of Americans. Obama has raked in exorbitant amounts of money for public speaking events and made deals worth millions with multiple companies.
Despite his quip, made during the depths of the Great Recession, that “at a certain point you’ve made enough money,” there seems to be no such limit for the Obamas. His family has amassed so much wealth that even Obama himself said he was surprised in a speech in South Africa last year.
Since he left office, the former president has given an estimated 50 speeches a year to corporate audiences for hundreds of thousands of dollars per event. In 2017, the same year he left office, Obama was officially recognized as one of the top ten highest paid public speakers in the US.
Just last month, Obama was reported to have been paid nearly $600,000 to speak at the EXMA conference in Bogotá, Colombia. According to the Bogotá Post, EXMA is Colombia’s largest marketing and business event of the year and one of the largest in Latin America. Simply titled, “A conversation with President Barack Obama,” his talk purportedly addressed “influential growth strategies” in marketing and other aspects of the marketing economy.
Colombia is infamous for the corruption prevalent in its public sector and military,
which costs the country $17 billion a year, equivalent to 5.3 percent of its GDP.
Colombia exports half of the world’s cocaine and its drug cartels have been known
to have a hand in the government. Corruption and drug money are so rampant that
Colombia’s Inspector General likened it to “the new cartel.”
While Obama warns of the danger of “exploding inequality” in his speeches, the massive sum granted to him for one night in Bogotá is more than 10 times what the typical household in the US makes in a year, and 72 times the average worker’s annual income in Colombia.
Notably, Obama’s purse was nearly triple the amount Hillary Clinton was paid for her notorious speeches to Goldman Sachs that revealed her and the Democratic Party as Wall Street stooges. Former President Bill Clinton was paid just $200,000 per speech when he toured Latin America in 2005.
A key factor in Obama’s newfound and growing wealth are those who profited from his presidency. A number of his public speeches have been given to big Wall Street firms and investors. Obama has given at least nine speeches to Cantor Fitzgerald, a large investment and commercial real estate firm, and other high-end corporations. According to records, each speech has been at least $400,000 a clip.
During his presidency, Obama bragged that his administration was “the only thing
between [Wall Street] and the pitchforks.”
In fact, Obama handed the robber barons and outright criminals responsible for the 2008–09 financial crisis a multi-trillion-dollar bailout. His administration oversaw the largest redistribution of wealth in history from the bottom to the top one percent, spearheading the attack on the living standards of teachers and autoworkers.
Under Obama’s watch the stock markets soared as the Dow Jones Industrial Average increased by 149 percent. Meanwhile, the “war on terror” in the Middle East was expanded with Obama becoming the first president to spend every day of his two terms at war, much to the delight of the military-industrial complex.
As the wars raged on and the financial oligarchs fattened themselves off the ever-increasing mountain of wealth being concentrated at the top of society, real wages stagnated and an unprecedented opioid overdose crisis spun out of control. Rising numbers of “deaths of despair” during Obama’s tenure, particularly among the working class, resulted in a decline in life expectancy unprecedented in the modern era.
In addition to monetary rewards for his service to the financial elite and military-intelligence apparatus, Obama has been lavishly feted by socialites and billionaires such as Richard Branson. Obama was Branson’s special guest in 2017 on a private island where the pair were seen kite surfing and enjoying the amenities of Branson’s exclusive resort.
Michelle Obama has also benefited after the family’s departure from the White House. The couple signed a $65 million book deal with publishing company Penguin Random House for their political memoirs. Michelle’s memoir “Becoming” was the best-selling book of 2018 with over 10 million copies sold. The pair also signed multi-year deals with Netflix and Spotify to produce content aimed at “fostering dialogue” and promoting diversity in entertainment.
Obama’s lucrative post-White House career hobnobbing with the corporate, entertainment and financial elite epitomizes the revolving door relationship between the US government and the private sector. Obama’s rewards are simply retroactive bribery for services rendered to the capitalist elite, who have welcomed him with open arms.
They Destroyed Our Country
“They knew Obama was an unqualified crook; yet they promoted him. They knew Obama was a train wreck waiting to happen; yet they made him president, to the great injury of America and the world. They understood he was only a figurehead, an egomaniac, and a liar; yet they made him king, doing great harm to our republic (perhaps irreparable.)”
THE RISE TO POWER OF BANKSTER-OWNED BARACK OBAMA
'Incompetent' and 'liar' among most frequently used words to describe the president: Pew Research Center
The larger fear is that Obama might be just another corporatist, punking voters much as the Republicans do when they claim to be all for the common guy.
OBAMA'S ASSAULT ON AMERICA -WHY WALL STREET, ILLEGALS, CRIMINAL BANKSTERS and the 1% LOVE HIM, AND THE MIDDLE CLASS GETS THE SHAFT TO PAY FOR HIS CRONY CAPITALISM
CEO pay is higher than ever, as is the chasm separating the rich and super-rich from everyone else. The incomes of the top 1 percent grew more than 11 percent between 2009 and 2011—the first two years of the Obama “recovery”—while the incomes of the bottom 99 percent actually shrank.
Meanwhile, Obama is pressing forward with his proposal, outlined in his budget for the next fiscal year, to slash $400 billion from Medicare and $130 billion from Social Security… AS WELL AS WIDER OPEN BORDERS, NO E-VERIFY, NO LEGAL NEED APPLY TO KEEP WAGES DEPRESSED
OBAMA AND BIDEN: SERVANT OF THE 1%
Richest one percent controls nearly half of global wealth
The richest one percent of the world’s population now controls 48.2 percent of global wealth, up from 46 percent last year.
The report found that the growth of global inequality has accelerated sharply since the 2008 financial crisis, as the values of financial assets have soared while wages have stagnated and declined.
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
THE WALL STREET BOUGHT AND OWNED DEMOCRAT PARTY
SERVING BANKSTERS, BILLIONAIRES and INVADING ILLEGALS
“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 AMERICAN THINKER
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
THE CRONY CLASS:
Income inequality grows FOUR TIMES FASTER under Obama-Biden and their bankster regime than Bush.
“By the time of Bill Clinton’s election in 1992, the Democratic Party had completely repudiated its association with the reforms of the New Deal and Great Society periods. Clinton gutted welfare programs to provide an ample supply of cheap labor for the rich (WHICH NOW MEANS OPEN BORDERS AND NO E-VERIFY!), including a growing layer of black capitalists, and passed the 1994 Federal Crime Bill, with its notorious “three strikes” provision that has helped create the largest prison population in the world.”
“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 AMERICAN THINKER
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
INCOME PLUMMETS UNDER OBAMA AND HIS WALL STREET CRONIES
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
THE REAL ECONOMY:
US “retail apocalypse” expected to exceed annual high with more than 1,100 store closures announced in one day.
The declining living standards of the working class are feeding directly into the retail apocalypse and mass layoffs of retail workers will only exacerbate the issue. Workers’ wages have seen little to no growth in the last four decades, and any economic growth experienced since 2008 has gone to the wealthiest of the wealthy.
Why do all global billionaires want wider open borders, amnesty and no E-VERIFY?
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
AMERICA: THE ECONOMY IS RIGGED BY CONGRESS SO THE RICH BECOME SUPER RICH.
The American middle class gets the tax bills for Wall Street’s crimes and bottomeless bailouts!
Wealth concentration increases in US.
The latest research on wealth inequality by University of California economics professor Gabriel Zucman underscores one of the key social and economic trends since the global financial crisis of 2008. Those at the very top of society, who benefited directly from the orgy of speculation that led to the crash, have seen their wealth accumulate at an even faster rate, while the mass of the population has suffered a major decline.
The past 40 years have seen the consolidation of a plutocratic elite, which has subordinated every aspect of American society to a single goal: amassing ever more colossal amounts of personal wealth. The top one percent have captured all of the increase in national income over the past two decades, and all of the increase in national wealth since the 2008 crash.
“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 AMERICAN THINKER
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
BILLIONAIRE BETO “BETOMATIC” O’ROURKE PROCLAIMS AMNESTY FOR 40 MILLION INVADING “UNREGISTERED” DEMOCRAT VOTING ILLEGALS.
No word on America’s homeless, housing or jobs crisis for Legals!
Joe Biden Fundraises with Wall Street During Donald Trump Rally
CHARLIE SPIERING
18 Jun 201984
Former Vice President Joe Biden attended a fundraiser with Wall Street donors during President Donald Trump’s campaign kickoff rally in Florida on Tuesday.
The fundraiser was hosted by Eric Mindich, the CEO of Eton Park Capital Management with about 100 donors including Stephen Scherr, the executive vice president and chief financial officer of Goldman Sachs, H. Rodgin Cohen the senior chairman at Sullivan & Cromwell as well as former Clinton and Obama officials
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
“You know what I’ve found is rich people are just as patriotic as poor people,” he said. “Not a joke. I mean, we may not want to demonize anybody who has made money. The truth of the matter is, you all, you all know, you all know in your gut what has to be done.”
Biden warned that if Trump won re-election, he would “literally fundamentally change the nature of who we are and how we function.”
Biden boasted that Obama leaned on him to help bring members of Congress together during their administration.
“Folks, I believe one of the things I’m pretty good at is bringing people together,” he said. “Every time we had trouble in the administration, who got sent to the Hill to settle it? Me. No, not a joke. Because I demonstrate respect for them.”
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
AMERICA: THE RICH GET MUCH RICHER AND THE MIDDLE CLASS GETS BLUDGEONED…. Illegals get the jobs!
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Why do the billionaire class all want wider open borders and hordes more “cheap” labor illegals? It’s all about keeping wages depressed for greater profits!
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“Today’s society benefits those who shaped it, and it has been shaped not by working men and women, but by the new aristocratic elite. Big banks, big tech, big multi-national corporations, along with their allies in the academy and the media—these are the aristocrats of our age. They live in the United States, but they consider themselves citizens of the world” Sen. Josh Hawley
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“Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of today.” THEODORE ROOSEVELT
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"But what the Clintons do is criminal because they do it wholly at the expense of the American people. And they feel thoroughly entitled to do it: gain power, use it to enrich themselves and their friends. They are amoral, immoral, and venal. Hillary has no core beliefs beyond power and money. That should be clear to every person on the planet by now." ---- Patricia McCarthy - AMERICANTHINKER.com
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“The couple parlayed lives supposedly spent in “public service”
into admission into the upper stratosphere of American wealth, with incomes in the top 0.1 percent bracket. The source of this vast wealth was a political machine that might well be dubbed “Clinton, Inc.” This consists essentially of a seedy money-laundering operation to ensure big business support for the Clintons’ political ambitions as well as their personal fortunes."
into admission into the upper stratosphere of American wealth, with incomes in the top 0.1 percent bracket. The source of this vast wealth was a political machine that might well be dubbed “Clinton, Inc.” This consists essentially of a seedy money-laundering operation to ensure big business support for the Clintons’ political ambitions as well as their personal fortunes."
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"The tax overhaul would mean an unprecedented windfall for the super-rich, on top of the fact that virtually all income gains during the period of the supposed recovery from the financial crash of 2008 have gone to the top 1 percent income bracket."
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Graph from the Economic Policy Institute
Decades of decaying capitalism have led to this accelerating divide. While the rich accumulate wealth with no restriction, workers’ wages and benefits have been under increasing attack. In 1979, 90 percent of the population took in 70 percent of the nation’s income. But, by 2017, that fell to only 61 percent.
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Millionaires projected to own 46 percent of global private wealth by 2019
While the wealth of the rich is growing at a breakneck pace, there is a stratification of growth within the super wealthy, skewed towards the very top.
At the end of 2014, millionaire households owned about 41 percent of global private wealth, according to BCG. This means that collectively these 17 million households owned roughly $67.24 trillion in liquid assets, or about $4 million per household.
By Gabriel Black
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The massive increase in the value of the stock market, which only a small segment of the population participates in, means that the top 10 percent of the population controls 73 percent of all wealth in the United States. Just three men—Jeff Bezos, Warren Buffet and Bill Gates—had more wealth than the bottom half of America combined last year.
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
America Created Just 20,000 Jobs in February...and those all went to foreign born
Exclusive–Mo Brooks: ‘Masters of the Universe’ Want More Immigration to ‘Decrease Incomes of Americans’
Consequently, the pumping of ultra-cheap money into the financial system, fueling speculation and parasitism, together with ever-widening social inequality, is not a temporary measure but must be made permanent.
The declining living standards of the working class are feeding directly into the retail apocalypse and mass layoffs of retail workers will only exacerbate the issue.
Workers’ wages have seen little to no growth in the last four decades, and any economic growth experienced since 2008 has gone to
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
“US household net worth sees biggest fall since crisis”
“Trump Touts Legal Immigration System for ‘Our Corporations’ at Expense of
American Workers “– JOHN BINDER
Trump’s shift from a wage-boosting legal immigration system to one that benefits corporations and their shareholders coincides with recent big business lobby influence over his White House, at the behest of advisers Jared Kushner and Brooke Rollins.
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“Trump Abandons ‘America First’ Reforms: ‘We Need’ More Immigration to Grow Business Profits” JOHN BINDER
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
Despite a booming economy, many U.S. households are still just holding on
https://mexicanoccupation.blogspot.com/2019/05/the-recovery-that-never-happened-except.html
"One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."
“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 THEAMERICAN THINKER.com
“Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of today.” THEODORE ROOSEVELT
Jim Carrey: America ‘Doomed’ If We Don’t Regulate Capitalism"
The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process."
The father of US Treasury Secretary
Steven Mnuchin just completed the most
expensive purchase of a living artist’s work in
US history, spending over $91 million on a
three-foot-tall metallic sculpture. Ken Griffin,
the founder of hedge fund Citadel,
recently dropped $238 million on a
penthouse in New York City, the most
expensive US home ever purchased. And
Amazon’s Jeff Bezos, the world’s richest man,
has invested $42 million in a 10,000-year
clock.
Decades of decaying capitalism have led to this accelerating divide. While the rich accumulate wealth with no restriction, workers’ wages and benefits have been under increasing attack. In 1979, 90 percent of the population took in 70 percent of the nation’s income. But, by 2017, that fell to only 61 percent.
"This is how they will destroy America from within. The leftist billionaires who orchestrate these plans are wealthy. Those tasked with representing us in Congress will never be exposed to the cost of the invasion of millions of migrants. They have nothing but contempt for those of us who must endure the consequences of our communities being intruded upon by gang members, drug dealers and human traffickers. These people have no intention of becoming Americans; like the Democrats who welcome them, they have contempt for us." PATRICIA McCARTHY
In 2014 the Russell Sage Foundation found that between 2003 and 2013, the median household net worth of those in the United States fell from $87,992 to $56,335—a drop of 36 percent. While the rich also saw their wealth drop during the recession, they are more than making that money back.
Between 2009 and 2012, 95 percent of all the income gains in the US went to the top 1 percent. This is the most distorted post-recession income gain on record.
Additionally, Koch spokespeople at the donors’ conference said the network has its sights set on pushing amnesty for millions of illegal aliens this year.
Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.
NO PRESIDENT SUCKED IN MORE BRIBES FROM BANKSTERS BEFORE AND AFTER HIS PRESIDENCY THAT BARACK OBAMA.
Trump criticized Dimon in 2013 for supposedly contributing to the country’s economic downturn. “I’m not Jamie Dimon, who pays $13 billion to settle a case and then pays $11 billion to settle a case and who I think is the worst banker in the United States,” he told reporters.
“The response of the administration was to rush to the defense of the banks. Even before coming to power, Obama expressed his unconditional support for the bailouts, which he subsequently expanded. He assembled an administration dominated by the interests of finance capital, symbolized by economic adviser Lawrence Summers and Treasury Secretary Timothy Geithner.”
Practically every cabinet appointee of Obama’s has close personal connections to the ruling class, many having come directly from corporate boardrooms. Under Obama’s watch not a single executive at a major financial firm has been criminally tried, much less sent to jail, for their role in the financial crisis.
“Attorney General Eric Holder's tenure was a low point even within the disgraceful scandal-ridden Obama years.” DANIEL GREENFIELD / FRONTPAGE MAG
"One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."
This manufactured crisis has, in turn, been exploited by the Obama administration and both big business parties to hand over trillions in pension funds and other public assets to the financial kleptocracy that rules America.
“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 THEAMERICAN THINKER.com
“This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”
"One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."
$2,198,468,000,000: Federal Spending Hit 10-Year High Through March; Taxes Hit 5-Year Low
(Getty Images/Ron Sachs-Pool)
(CNSNews.com) - The federal government spent $2,198,468,000,000 in the first six months of fiscal 2019 (October through March), which is the most it has spent in the first six months of any fiscal year in the last decade, according to the Monthly Treasury Statements.
The last time the government spent more in the October-through-March period was in fiscal 2009, when it spent $2,326,360,180,000 in constant March 2019 dollars.
Fiscal 2009 was the fiscal year that began with President George W. Bush signing a $700-billion law to bailout the banking industry in October 2008 and then saw President Barack Obama sign a $787-billion stimulus law in February 2009.
JPMorgan shares climb after the bank posts record earnings and revenue
Jamie Dimon arriving to testify before Congress. Aaron P. Bernstein/Reuters
· JPMorgan reported first-quarter earnings results on Friday, kicking off another earnings season for the largest US banks.
JPMorgan Chase reported record first-quarter results on both the top and bottom lines Friday morning. Shares climbed 2.3% in early trading to $108.68.
Here's how the results stacked up with Wall Street's expectations as compiled by Bloomberg.
· Adjusted net income: $9.18 billion versus $7.7 billion expected
· Earnings per share: $2.65 versus $2.34 expected
· Revenue: $29.85 billion versus $28.4 billion expected
· Expenses: $16.4 billion versus $16.7 billion expected
"In the first quarter of 2019, we had record revenue and net income, strong performance across each of our major businesses, and a more constructive environment," CEO Jamie Dimon said in the earnings release. "Even amid some global geopolitical uncertainty, the US economy continues to grow, employment and wages are going up, inflation is moderate, financial markets are healthy, and consumer and business confidence remains strong."
A deeper look into the numbers showed the trading and investment-banking businesses exceeded expectations, though trading declined 17% from the year earlier:
· FICC sales & trading revenue: $3.73 billion versus $3.67 billion expected
· Equity sales & trading revenue: $1.74 billion versus $1.73 billion expected
· Investment-banking revenue: $1.75 billion versus $1.63 billion expected
"The Federal Reserve is a key mechanism for perpetuating this whole filthy system, in which "Wall Street rules."
The effect can be seen in the ever more staggering wealth of the financial oligarchy, which has consistently enjoyed investment returns of between 10 and 20 percent every year since the financial crisis, even as the incomes of workers have stagnated or fallen.
Wall Street rules
The Federal Reserve sent a clear message to Wall Street on Friday: It will not allow the longest bull market in American history to end. The message was received loud and clear, and the Dow rose by more than 700 points.
Hundreds of thousands of federal workers remain furloughed or forced to work without pay as the partial government shutdown enters its third week, but the US central bank is making clear that all of the resources of the state are at the disposal of the financial oligarchy.
Responding to Thursday’s market selloff following a dismal report from Apple and signs of a manufacturing slowdown in both China and the US, the Fed declared it was “listening” to the markets and would scrap its plans to raise interest rates.
Speaking at a conference in Atlanta, where he was flanked by his predecessors Ben Bernanke and Janet Yellen, both of whom had worked to reflate the stock market bubble after the 2008 financial crash, Chairman Jerome Powell signaled that the Fed would back off from its two projected rate increases for 2019.
“We’re listening sensitively to the messages markets are sending,” he said, adding that the central bank would be “patient” in imposing further rate increases. To underline the point, he declared, “If we ever came to the conclusion that any aspect of our plans” was causing a problem, “we wouldn’t hesitate to change it.”
This extraordinary pledge to Wall Street followed the 660 point plunge in the Dow Jones Industrial Average on Thursday, capping off the worst two-day start for a new trading year since the collapse of the dot.com bubble.
William McChesney Martin, the Fed chairman from 1951 to 1970, famously said that his job was “to take away the punch bowl just as the party gets going.” Now the task of the Fed chairman is to ply the wealthy revelers with tequila shots as soon as they start to sober up.
Powell’s remarks were particularly striking given that they followed the release Friday of the most upbeat jobs report in over a year, with figures, including the highest year-on-year wage growth since the 2008 crisis, universally lauded as “stellar.”
While US financial markets have endured the worst December since the Great Depression, amid mounting fears of a looming recession and a new financial crisis, analysts have been quick to point out that there are no “hard” signs of a recession in the United States.
Both the Dow and the S&P 500 indexes have fallen more than 15 percent from their recent highs, while the tech-heavy NASDAQ has entered bear market territory, usually defined as a drop of 20 percent from recent highs.
The markets, Powell admitted, are “well ahead of the data.” But it is the markets, not the “data,” that Powell is listening to.
Since World War II, bear markets have occurred, on average, every five-and-a-half years. But if the present trend continues, the Dow will reach 10 years without a bear market in March, despite the recent losses.
Now the Fed has stepped in effectively to pledge that it will allocate whatever resources are needed to ensure that no substantial market correction takes place. But this means only that when the correction does come, as it inevitably
must, it will be all the more severe and the Fed will have all the less power to stop it.
From the standpoint of the history of the institution, the Fed’s current more or less explicit role as backstop for the stock market is a relatively new development. Founded in 1913, the Federal Reserve legally has had the “dual mandate” of ensuring both maximum employment and price stability since the late 1970s. Fed officials have traditionally denied being influenced in policy decisions by a desire to drive up the stock market.
Federal Reserve Chairman Paul Volcker, appointed by Democratic President Jimmy Carter in 1979, deliberately engineered an economic recession by driving the benchmark federal funds interest rate above 20 percent. His highly conscious aim, in the name of combating inflation, was to quash a wages movement of US workers by triggering plant closures and driving up unemployment.
The actions of the Fed under Volcker set the stage for a vast upward redistribution of wealth, facilitated on one hand by the trade unions’ suppression of the class struggle and on the other by a relentless and dizzying rise on the stock market.
Volcker’s recession, together with the Reagan administration’s crushing of the 1981 PATCO air traffic controllers’ strike, ushered in decades of mass layoffs, deindustrialization and wage and benefit concessions, leading labor’s share of total national income to fall year after year.
These were also decades of financial deregulation, leading to the savings and loan crisis of the late 1980s, the dot.com bubble of 1999-2000, and, worst of all, the 2008 financial crisis.
In each of these crises, the Federal Reserve carried out what became known as the “Greenspan put,” (later the “Bernanke put”)—an implicit guarantee to backstop the financial markets, prompting investors to take ever greater risks.
In 2008, this resulted in the most sweeping and systemic financial crisis since the Great Depression, prompting Fed Chairman Bernanke, New York Fed President Tim Geithner and Treasury Secretary Henry Paulson (the former CEO of Goldman Sachs) to orchestrate the largest bank bailout in human history.
Since that time, the Federal Reserve has carried out its most accommodative monetary policy ever, keeping interest rates at or near zero percent for six years. It supplemented this boondoggle for the financial elite with its multi-trillion-dollar “quantitative easing” money-printing program.
The effect can be seen in the ever more staggering wealth of the financial oligarchy, which has consistently enjoyed investment returns of between 10 and 20 percent every year since the financial crisis, even as the incomes of workers have stagnated or fallen.
American capitalist society is hooked on the toxic growth of social inequality created by the stock market bubble. This, in turn, fosters the political framework not just for the decadent lifestyles of the financial oligarchs, each of whom owns, on average, a half-dozen mansions around the world, a private jet and a super-yacht, but also for the broader periphery of the affluent upper-middle class, which provides the oligarchs with political legitimacy and support. These elite social layers determine American political life, from which the broad mass of working people is effectively excluded.
The Federal Reserve is a key mechanism for perpetuating this whole filthy system, in which “Wall Street rules.” But its services in behalf of the rich and the super-rich only compound the fundamental and insoluble contradictions of capitalism, plunging the system into ever deeper debt and ensuring that the next crisis will be that much more violent and explosive.
In this intensifying crisis, the working class must assert its independent interests with the same determination and ruthlessness as evinced by the ruling class. It must answer the bourgeoisie’s social counterrevolution with the program of socialist revolution.
the depression is already here for most of us below the super-rich!
Trump and the GOP created a fake economic boom on our collective credit card: The equivalent of maxing out your credit cards and saying look how good I'm doing right now.
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Trump criticized Dimon in 2013 for supposedly contributing to the country’s economic downturn. “I’m not Jamie Dimon, who pays $13 billion to settle a case and then pays $11 billion to settle a case and who I think is the worst banker in the United States,” he told reporters.
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"One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."
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"Overall, the reaction to the decision points to the underlying fragility of financial markets, which have become a house of cards as a result of the massive inflows of money from the Fed and other central banks, and are now extremely susceptible to even a small tightening in financial conditions."
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"It is significant that what the Financial Times described as a “tsunami of money”—estimated to reach $1 trillion for the year—has failed to prevent what could be the worst year for stock markets since the global financial crisis."
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"A decade ago, as the financial crisis raged, America’s banks were in ruins. Lehman Brothers, the storied 158-year-old investment house, collapsed into bankruptcy in mid-September 2008. Six months earlier, Bear Stearns, its competitor, had required a government-engineered rescue to avert the same outcome. By October, two of the nation’s largest commercial banks, Citigroup and Bank of America, needed their own government-tailored bailouts to escape failure. Smaller but still-sizable banks, such as Washington Mutual and IndyMac, died."
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The GOP said the "Tax Cuts and Jobs Act" would reduce deficits and supercharge the economy (and stocks and wages). The White House says things are working as planned, but one year on--the numbers mostly suggest otherwise.
6 April 2009
A series of articles published over the weekend, based on financial disclosure reports released by the Obama administration last Friday concerning top White House officials, documents the extent to which the administration, in both its personnel and policies, is a political instrument of Wall Street.
Policies that are extraordinarily favorable to the financial elite that were put in place over the past month by the Obama administration have fed a surge in share values on Wall Street. These include the scheme to use hundreds of billions of dollars in public funds to pay hedge funds to buy up the banks’ toxic assets at inflated prices, the Auto Task Force’s rejection of the recovery plans of Chrysler and General Motors and its demand for even more brutal layoffs, wage cuts and attacks on workers’ health benefits and pensions, and the decision by the Financial Accounting Standards Board (FASB) to weaken “mark-to-market” accounting rules and permit banks to inflate the value of their toxic assets.
At the same time, Obama has campaigned against restrictions on bonuses paid to executives at insurance giant American International Group (AIG) and other bailed-out firms, and repeatedly assured Wall Street that he will slash social spending, including Medicare, Medicaid and Social Security.
The new financial disclosures reveal that top Obama advisors directly involved in setting these policies have received millions from Wall Street firms, including those that have received huge taxpayer bailouts.
The case of Lawrence Summers, director of the National Economic Council and Obama’s top economic adviser, highlights the politically incestuous character of relations between the Obama administration and the American financial elite.
Last year, Summers pocketed $5 million as a managing director of D.E. Shaw, one of the biggest hedge funds in the world, and another $2.7 million for speeches delivered to Wall Street firms that have received government bailout money. This includes $45,000 from Citigroup and $67,500 each from JPMorgan Chase and the now-liquidated Lehman Brothers.
For a speech to Goldman Sachs executives, Summers walked away with $135,000. This is substantially more than double the earnings for an entire year of high-seniority auto workers, who have been pilloried by the Obama administration and the media for their supposedly exorbitant and “unsustainable” wages.
Alluding diplomatically to the flagrant conflict of interest revealed by these disclosures, the New York Times noted on Saturday: “Mr. Summers, the director of the National Economic Council, wields important influence over Mr. Obama’s policy decisions for the troubled financial industry, including firms from which he recently received payments.”
Summers was a leading advocate of banking deregulation. As treasury secretary in the second Clinton administration, he oversaw the lifting of basic financial regulations dating from the 1930s. The Times article notes that among his current responsibilities is deciding “whether—and how—to tighten regulation of hedge funds.”
Summers is not an exception. He is rather typical of the Wall Street insiders who comprise a cabinet and White House team that is filled with multi-millionaires, presided over by a president who parlayed his own political career into a multi-million-dollar fortune.
Michael Froman, deputy national security adviser for international economic affairs, worked for Citigroup and received more than $7.4 million from the bank from January of 2008 until he entered the Obama administration this year. This included a $2.25 million year-end bonus handed him this past January, within weeks of his joining the Obama administration.
Citigroup has thus far been the beneficiary of $45 billion in cash and over $300 billion in government guarantees of its bad debts.
David Axelrod, the Obama campaign’s top strategist and now senior adviser to the president, was paid $1.55 million last year from two consulting firms he controls. He has agreed to buyouts that will garner him another $3 million over the next five years. His disclosure claims personal assets of between $7 and $10 million.
Obama’s deputy national security adviser, Thomas E. Donilon, was paid $3.9 million by a Washington law firm whose major clients include Citigroup, Goldman Sachs and the private equity firm Apollo Management.
Louis Caldera, director of the White House Military Office, made $227,155 last year from IndyMac Bancorp, the California bank that heavily promoted subprime mortgages. It collapsed last summer and was placed under federal receivership.
The presence of multi-millionaire Wall Street insiders extends to second- and third-tier positions in the Obama administration as well. David Stevens, who has been tapped by Obama to head the Federal Housing Administration, is the president and chief operating officer of Long and Foster Cos., a real estate brokerage firm. From 1999 to 2005, Stevens served as a top executive for Freddie Mac, the federally-backed mortgage lending giant that was bailed out and seized by federal regulators in September.
Neal Wolin, Obama’s selection for deputy counsel to the president for economic policy, is a top executive at the insurance giant Hartford Financial Services, where his salary was $4.5 million.
Obama’s Auto Task Force has as its top advisers two investment bankers with a long resume in corporate downsizing and asset-stripping.
It is not new for leading figures from finance to be named to high posts in a US administration. However, there has traditionally been an effort to demonstrate a degree of independence from Wall Street in the selection of cabinet officials and high-ranking presidential aides, often through the appointment of figures from academia or the public sector. In previous decades, moreover, representatives of the corporate elite were more likely to come from industry than from finance.
In the Obama administration such considerations have largely been abandoned.
This will not come as a surprise to those who critically followed Obama’s election campaign. While he postured before the electorate as a critic of the war in Iraq and a quasi-populist force for “change,” he was from the first heavily dependent on the financial and political backing of powerful financiers in Chicago. Banks, hedge funds and other financial firms lavishly backed his presidential bid, giving him considerably more than they gave to his Republican opponent, Senator John McCain.
Friday’s financial disclosures further expose the bankruptcy of American democracy. Elections have no real effect on government policy, which is determined by the interests of the financial aristocracy that dominates both political parties. The working class can fight for its own interests—for jobs, decent living standards, health care, education, housing and an end to war.
“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).”
OBAMA and HIS BANKS: THEIR PROFITS, CRIMES and LOOTING SOAR
CRONY KING OBAMA: CURL: The Obamas live the 1% life
OBAMAnomics:
FROM THE MAN THAT HATED AMERICAN BUT LOVED AMERICAN BANKSTERS:
OBAMA, THE BANKSTER OWNED LA RAZA DEM
THE GLOBALIST LEGACY OF A SOCIOPATH
Obama warns against “cynicism” at Ohio State commencement address
7 May 2013
At a commencement address on Sunday at Ohio State University, President Barack Obama counseled students not to be “cynical” about government and politics.
There was an almost comically absurd element to Obama’s remarks, delivered with his characteristic demagogy and attempted gestures at profundity. In his first four years in office, along with the first months of his second term, Obama proceeded to systematically repudiate every campaign pledge and to deflate every illusion that, with the assistance of a highly coordinated marketing campaign, led millions of people, including a large number of young people, to vote for him in 2008.
The Obama administration handed trillions of dollars to the banks; has overseen a massive attack on public education; is leading the campaign to slash Social Security and Medicare, the core federal retirement and health care programs; expanded the war in Afghanistan, led a war against Libya, and is preparing a new war in Syria; and has asserted the right to kill anyone, anywhere, including US citizens, without due process.
After this record of service to the corporate elite, he declares: “When we turn away and get discouraged and cynical… we grant our silent consent to someone who will gladly claim it. That’s how we end up with lobbyists who set the agenda; and policies detached from what middle class families face every day; the well-connected who publicly demand that Washington stay out of their business—and then whisper in government’s ear for special treatment that you don’t get.”
The references to the “whispers” of the wealthy and well-connected is particularly rich, coming only a week after Obama nominated Penny Pritzker for commerce secretary. The selection of Pritzker—a longtime Obama confidant, billionaire heiress and owner of a private equity company—only underscores the fact that the administration is a government of, by and for the financial aristocracy. She will be the wealthiest person ever to serve in a presidential cabinet.
Previous to his appointment of Pritzker, Obama appointed Mary Jo White to head the Securities and Exchange Commission (SEC), one of the main financial regulators. White made millions of dollars as an attorney for banks responsible for the financial crisis, including Bank of America and JPMorgan Chase, whose CEO, Jamie Dimon, called White the “perfect choice” to head the SEC.
Practically every cabinet appointee of Obama’s has close personal connections to the ruling class, many having come directly from corporate boardrooms. Under Obama’s watch not a single executive at a major financial firm has been criminally tried, much less sent to jail, for their role in the financial crisis.
As a whole, Obama’s speech was characterized by a complete separation from the actual conditions facing the graduates he spoke to, who confront joblessness, falling wages, and a lifetime in debt. “You have every reason to believe that your future is bright,” he told his audience. “You’re graduating into an economy and a job market that is steadily healing.”
He added later, “The trajectory of this great nation should give you hope.” Really? This is under conditions in which over 11 percent of college graduates are unemployed a year after getting out of school, and another 16.1 percent simply drop out of the labor force, according to the Bureau of Labor Statistics. Most of those who do find a job are paid barely enough to get by, let alone pay off student loans. Wages for young adults are falling faster than any other part of the population, and are down by 6 percent in the past four years.
Most of the students that Obama addressed Sunday will be so burdened with debt that they will delay or have to completely put off starting a family or buying a home.
It is not surprising that Obama should neglect to dwell on this disastrous situation, because his administration bears responsibility for it. In the government-sponsored restructuring of the auto industry, the White House insisted that the wages of new-hires be slashed in half, setting the stage for vast reduction of wages throughout the economy.
Obama sought to paint opposition to the government’s violation of democratic rights as right-wing hysterics. “Unfortunately, you’ve grown up hearing voices that incessantly warn of government as nothing more than some separate, sinister entity,” Obama said. “They’ll warn that tyranny is always lurking just around the corner. You should reject these voices.”
This comes from a president who has personally overseen the illegal assassination of thousands of people, including at least three American citizens, in weekly “Terror Tuesday” meetings. The assertions of executive power have been systematically expanded, going beyond those claimed even by the Bush administration. The specter of a police state—the response of the ruling class to growing social opposition—is in fact lurking around the corner.
The moribund state of American politics, of which the Obama administration is a principal expression, is, according to the president, the fault of the American people. “Democracy doesn’t function without your active participation,” he admonished. If politicians “don’t represent you the way you want… you’ve got to let them know that’s not okay. And if they let you down, there’s a built-in day in November where you can really let them know that’s not okay.”
Such limp efforts to encourage illusions in the viability of the “democratic process” in the United States will not go very far. The experience of the past four years has not passed in vain. Millions of people, including many of those in the audience at Ohio State, are drawing the quite justified, if “cynical,” conclusion that the entire political and economic system is rotten to the core.
Mounting evidence of international collusion in Libor rigging - THE RAPE OF THE ECONOMY BY THE BANKSTERS
Mounting evidence of international collusion in Libor rigging
OBAMA'S AND HIS CRIMINAL BANKSTER DONORS AT WORK:
JPMorgan’s investment arm, which includes its energy group, collects $14 billion annually; in comparison, six months’ worth of fines would amount to a paltry $180 million.
THERE IS A REASON WHY THE BANKSTERS INVESTED HEAVILY IN OBAMA’S CORRUPT ADMINISTRATION!
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).
Obama: JPMorgan Is 'One of the Best-Managed Banks'
By Mary Bruce | ABC OTUS News – 2 hrs 31 mins ago
Obama: JPMorgan Is 'One of the …
Lou Rocco / ABC News
Just hours after a top JPMorgan Chase executive retired in the wake of a stunning $2 billion trading loss, President Obamatold the hosts of ABC's "The View" that the bank's risky bets exemplified the need for Wall Street reform.
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JPMorgan Chase investigated for manipulating California energy market
By Oliver Richards
23 July 2012
The California Independent Systems Operator (CalISO), the nonprofit organization that coordinates the state’s electricity market, has alleged that JPMorgan Chase& Co. manipulated the state’s energy market, resulting in at least $73 million in improper payments—costs passed along to the state’s energy consumers.
OBAMA’S CRONY BANKSTERS:
STILL SUCKING THE BLOOD OUT OF AMERICA
This manufactured crisis has, in turn, been exploited by the Obama administration and both big business parties to hand over trillions in pension funds and other public assets to the financial kleptocracy that rules America.
“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 THEAMERICAN THINKER.com
“This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”
OBAMANOMICS TO SERVE BANKSTERS
AND GLOBAL BILLIONAIRES
"One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."
BILLIONAIRES, BANKSTERS AND THE RICH PARTNER WITH TRUMP TO FIGHT … economic equality.
"JPMorgan Chase CEO Jamie Dimon, who was known as Barack Obama’s favorite banker and who has been a major donor to
the Democratic Party, centered his annual letter to shareholders on a denunciation of socialism."
BANKSTER SOCIALISM
Dimon’s bank received tens of billions of dollars in government bailouts and many billions more from the Obama administration’s ultra-low interest rate and “quantitative easing” money-printing policies. He told his shareholders that “socialism inevitably produces stagnation, corruption” and “authoritarian government,” and would be “a disaster for our country.”… UNLESS IT IS SOCIALISM FOR BANKSTERS AND WALL STREET!
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"This paved the way for the elevation of Trump, the personification of the criminality and backwardness of the ruling oligarchy."
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"The very fact that the US government officially acknowledges a growth of popular support for socialism, particularly among the nation’s youth, testifies to vast changes taking place in the political consciousness of the working class and the terror this is striking within the ruling elite. America is, after all, a country where anti-communism was for the greater part of a century a state-sponsored secular religion. No ruling class has so ruthlessly sought to exclude socialist politics from political discourse as the American ruling class."
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Socialism haunts the American ruling class In the two months since Donald Trump vowed in his State of the Union Address that “America will never be a socialist country,” the right-wing demagogue president and the Republican Party have embraced anti-socialism as the defining theme of their campaign in the 2020 elections.
Wall Street Warms Up to Elizabeth Warren: ‘She’s the Smartest,’ ‘Most Policy-Oriented’ Democrat
22 Jul 201968
4:14
Wall Street is warming up to the idea of Sen. Elizabeth Warren (D-MA) being the Democrat nominee for president against President Donald Trump in the 2020 election, interviews with executives and bankers reveal.
A Politico report details how Wall Street insiders are becoming comfortable with Warren as the potential nominee to go up against Trump and his “America First” agenda:
“I think she is going to get the nomination because she’s the smartest, she’s charismatic and she’s the most policy-oriented,” said one former top executive at a large Wall Street bank who, like several interviewed for this story, declined to be quoted on record saying anything nice about Warren. “Wall Street is very good at accommodating itself to reality and if the reality is the party is going to be super-progressive, they may not like Warren but she’s a better form of poison than Bernie.” [Emphasis added]
…
“If she were the nominee, there will certainly be people who will say that Donald Trump represents everything that I’m against,” said Orin Kramer, a hedge fund manager who is raising money for Buttigieg. “And they will find stuff that they like about her and will vote for her.” [Emphasis added]
BLOG: THE DEMOCRAT PARTY OF CRONY CAPITALISM IS THE PARTY OF BANKSTERS AND BOTTOMLESS BANKSTER BAILOUTS... AND NO PRISON TIME!
Former adviser to President Obama and investor Robert Wolf told Politico that the financial industry has changed over the last few decades and that Wall Street-types are vastly more aligned with the Democrat establishment than Trump’s GOP.
“I don’t think the stereotypes of the industry serve the same purpose as they used to,” Wolf said. “People who work in corporate America and financial services may have the same views that she does on 95 percent of the issues such as income inequality, student loans, climate change, and others.”
Wall Street and Warren have at least one major policy initiative in common: A full repeal of Trump’s illegal and legal immigration reforms.
This month, Warren released her immigration platform that includes increasing overall legal immigration to the U.S. to provide business with an even greater flow of foreign workers to hire over Americans, as well as a decriminalization of illegal immigration, an amnesty for all illegal aliens in the country, and an end of Trump’s reforms such as his immigration ban from terrorist-sponsored countries and reduction of the refugee resettlement program.
Like Warren, Wall Street executives have railed against Trump’s immigration agenda — demanding that his zero-tolerance policy at the U.S.-Mexico border be ended and opposing his travel ban.
JPMorgan Chase CEO Jamie Dimon has supported amnesty for illegal aliens since at least 2016 when he announced support for the infamous “Gang of Eight” amnesty, saying, “Let them stay and let them build companies.”
Last month, Dimon said amnesty for illegal aliens was necessary to grow the economy, saying, “If we do these policies right, America will be growing a lot faster.”
Some of the top multinational banks — JPMorgan Chase, Citigroup, Goldman Sachs, and Morgan Stanley — have come out against Trump’s travel ban that effectively stopped all immigration from a handful of foreign countries that sponsor terrorism.
“This is not a policy we support, and I would note that it has already been challenged in federal court, and some of the order has been enjoined at least temporarily,” former Goldman Sachs CEO Lloyd Blankfein wrote in a letter at the time. “Let me close by quoting from our business principles: ‘For us to be successful, our men and women must reflect the diversity of the communities and cultures in which we operate … Being diverse is not optional; it is what we must be.'”
Meanwhile, Citigroup has promoted mass immigration as a necessary component to growing the American economy in terms of increasing GDP. A report released by executives last year championed migration into the U.S., the United Kingdom, and Germany.
For decades, the big business lobby, Wall Street, and donor class have said mass immigration is crucial to growing GDP in the U.S. though research has shown that increasing legal immigration levels to an enormous ten million admissions a year would only grow GDP by about 2.5 percent. Meanwhile, Trump’s low-migration, high-wage economy has translated to 3.2 percent annual economic growth.
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