Saturday, February 1, 2020

DEMOCRAT PARTY OF CORRUPTION - WHERE WAS OBAMA WHEN HILLARY AND BIDEN WERE SUCKING IN THE BRIBES???

“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

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.”


Biden defended the wealthy in his speech to the donors but begged them to be aware of wealth inequality.

When Joe became vice president, James was a welcomed guest at the White House, securing invitations to such important functions as a state dinner in 2011 and the visit of Pope Francis in 2015. Sometimes, James’ White House visits dovetailed with his overseas business dealings, and his commercial opportunities flourished during his brother’s tenure as vice president.




Peter Schweizer Unveils the Layers of Corruption Behind the Biden Family

Matt Perdie
Volume 90%
8:59

Despite former Vice President Joe Biden’s image of being a fighter for the working class, he has actually engaged in behavior that benefitted himself and his family members to the tune of millions of dollars in shady business deals, according to an interview with Government Accountability Institute (GAI) president and Breitbart News senior contributor Peter Schweizer, author of the new book Profiles in Corruption: Abuse of Power by America’s Progressive Elite.
Schweizer, in an interview on Wednesday with SiriusXM’s Breitbart News Daily with host Alex Marlow, said that dichotomy is represented by Biden being known for riding Amtrak home every day but also by his habit of holding up the train whenever he was running late.
“Yeah, Joe does ride the train all the time, but if Joe’s running late, Joe calls Amtrak, and they hold the entire train until Joe shows up, which is great for Joe [but] the other commuters are probably going, ‘What the heck’s going on? Why is the train not moving?'” Schweizer said. “So that to me represents the dichotomy between the image we have of Joe, which is Amtrak Joe, and the reality of how he abuses that power.”
Schweizer discussed several examples of Biden’s abuses of power he laid out in his book.
He said after Biden became vice president and the point person on China, his son Hunter Biden began to benefit from deals with the Chinese government. He said:
You have this situation where Joe Biden becomes vice president of the United States. He is the point person on China, he’s somewhat of an old hand on China because he’s on the Senate Foreign Relations Committee all those years, traveled to China. He becomes vice president and then suddenly, sort of out of the blue, his son Hunter gets these deals courtesy of the Chinese government.
As Schweizer detailed in a previous book, Secret Empires, Hunter Biden in 2012 inked a $1.5 billion deal with a subsidiary of the state-owned Bank of China to create a private equity fund called Bohai Harvest RST — only 12 days after he visited China with his father aboard Air Force Two.
Schweizer said during Wednesday’s interview:
The key on all this stuff you have to look at, I think with corruption, is timing. And you mentioned Ukraine. The timing is clear: February of 2014, Putin moves into Crimea, that creates this whole crisis. In March of 2014, Joe is point person on Ukraine policy. Within three weeks, Ukrainians suddenly decide, “Hey Hunter Biden is the guy, the expert, we want to join this company. And yeah, we need to pay him a million dollars a year.” You look at that and think, “This is absurd” … It’s not like he was advising Ukraine in 2005. Same thing with China.
They do the pivot to China in 2011, 2012. Joe goes over there on one of his first significant trips, and what does he do? His son comes with him, and ten days after the trip, the son suddenly announces this billon-and-a-half-dollar private equity deal. It’s clear, it’s crystal clear what’s going on.
Schweizer also discussed how Hunter Biden, while his father was vice president, set up a financial entity known as the Burnham Financial Group, along with business partner Devon Archer and then-Secretary of State John Kerry’s stepson Christopher Heinz, that benefitted from the Bidens’ political clout.
Schweizer said:
The Burnham Financial Group, when you go through — there was a court trial, so we got access to some of the corporate records — again, you’ve got deals with Kazakh officials, with a guy named [Kenes] Rakishev, who’s this Kazakh oligarch. You’ve got this reference in corporate documents to this $200 million deal that they have with Elena Baturina.
Now, Elena Baturina is the ex-wife of the mayor of Moscow, and if you spend five minutes on Google with Elena Baturina, you realize that law enforcement across the western world believes she’s at the center point of Russian organized crime.
Well, they’re saying in corporate documents we have a $200 million deal with this individual. This is all going on — doesn’t happen before he is vice president. It’s not really happening since he’s been vice president. It’s happening in this one island of eight years.
Schweizer said the Burnham Financial Group also set up a deal with the nation’s poorest Native American Indian tribe, the Oglala Sioux Tribe of South Dakota: “That’s an attempt to basically rip off these Indian tribes, and by the way, let’s rip off some labor union pension funds as well.”
Schweizer said although Archer is more involved then Biden in the scheme, the Bidens’ names “came up all the time” when meeting with pension fund officials. Joe Biden was known as a being “the big labor union guy,” Schweizer said.
The former vice president’s sister also benefitted from his connections, Schweizer said.
He said in June 2011, Biden brought founders of a start-up health care investment firm called StartUp Health into the White House to meet with President Obama, and they took a picture they later used for their website. The start-up was featured the next day at a federal data conference on health care despite it being a new company, Schweizer said.
Schweizer said over the next five years, through 2016, the vice president showed up at the company’s conferences and closed-door events for investors and partners. He said:
Well, the factor that I haven’t mentioned is that one of the three principals involved with this company is married to his daughter and I think explains what’s going on here. So how you do all of that and hold true to your statement that you’ve never had a conversation with a family member about business matters is patently absurd.
Lastly, Schweizer discussed how the former vice president’s brother, Frank Biden, has benefitted from his family’s connections.
Schweizer said in 2000, Frank Biden rented a Jaguar, which he let another man drive with three girls in the back. He continued:
The guy that’s driving it is going 70 in a 35. They hit this man who’s a single father who has two teenage daughters … He hits the car, goes over the top of the car, and of course dies. The three girls in the back of the car say that Frank — once this happened — told the guy driving, “Keep driving, keep driving.”
So the estate for the girls that have survived … sues Frank Biden. The driver, of course, is sent to jail for reckless driving. They go after Frank with a civil suit. Frank doesn’t show up to court, doesn’t really respond to the allegations, so the court says, you know, “you’re liable for $250,000.” The court’s now trying to collect this debt.
Schweizer said the daughters’ family hired a private investigator to find Frank Biden. He said after he is found living in Delaware with Joe Biden, the daughters wrote Joe Biden, telling him what happened and that his brother was liable.
Schweizer said the letter Joe Biden wrote back to them “is so cold and so calculating, particularly, by the way, for a man — Joe Biden — who lost his wife and his daughter in a car accident as well.” Schweizer said:
He says basically, “Well, you know Frank doesn’t have the money. I’m certainly not liable, and I just wish you well.” That’s basically what he says in this letter. And so that sort of sets up the entirety, in my mind, for a lot of what Frank is doing, which is Frank is doing overseas deals in places like Costa Rica and Jamaica because … that’s beyond the reach of the court. That debt has now ballooned to like nine hundred thousand dollars.
Schweizer said in the meantime, Frank Biden set up a company to make money off of tax-funded charter schools with questionable characters.
“He realizes is that there’s not much money to be made in running charter schools. The money is to be made in the real estate of charter schools. So basically he gets involved with investors, they buy properties, and then they lease these to charter schools. And charter schools, using taxpayer money, are essentially paying off their leases,” Schweizer said.
He said:
Some of the people [that] finance these deals, are the most sketchy of characters. There’s a guy that has a criminal record, a violent criminal record from the past, was widely believed in southern Florida for being involved in the drug trade. His brother actually was found in a shallow grave because of a major drug deal gone bad, and yet Frank Biden did major financial real estate transactions and deals with these guys and helped them make money through this charter school grift.
Marlow concluded: “The main takeaway I took from Biden is that Joe Biden is either too weak to stand up to his family or he is in on it, and both are terrible, especially if he’s running for president. It’s one or the other.”
Matt Perdie
Volume 90%
Follow Breitbart News’s Kristina Wong on Twitter or on Facebook.




Revealed: Pro-Biden Super PAC Bankrolled by Real Estate, Wall Street, Big Oil

Biden at the Oscars KEVIN WINTERGETTY IMAGES
KEVIN WINTER/GETTY IMAGES
3:39
A Super PAC working to elect former Vice President Joe Biden is being bankrolled by a bevy of real estate, financial, and oil interests.
Unite the Country, which is run by a lobbyist and longtime Biden confidant, disclosed its donors on Friday in filings made public with the Federal Election Commission (FEC). Between launching at the end of October and the December 31 filing deadline, the group raised more than $3.7 million in support of Biden’s candidacy. Although the money poured in from a number of high-dollar donors, some of Unite the Country’s largest contributors were individuals tied to real estate, Wall Street, and the fossil fuels industry.
The Super PAC’s most prolific donor by far was George Marcus, the leader of one of America’s largest commercial property brokerage firms. Marcus has been a longtime backer of the former vice president, donating to his campaign and even hosting a ritzy fundraiser on his behalf in San Francisco, California. After having maxed out to Biden’s official campaign, the billionaire real estate magnate found a new avenue with which to support Biden. In total, Marcus has donated one million to Unite the Country throughout the end of December 2019. It remains unclear, though, if he donated more since the end of 2019. FEC reports for the first month of 2020 will not be released until mid-February.
Marcus was not the only big name from the real estate world to underwrite Unite the Country’s efforts. Alan Leventhal, the chairman of the Massachusetts-based private real estate behemoth Beacon Capital, is also a top donor. At the end of December, he contributed $250,000 in support of the former vice president’s candidacy.
Unite the Country found similarly strong support on Wall Street. Another important donor is Roger Altman, a longtime investment banker and former deputy secretary of the treasury in the Clinton administration. Altman, who has donated $200,000 to the group, was forced to resign his government post in 1994 over the Whitewater controversy.
Since then, Altman has reinvented himself in high-finance, even helping shepherd General Motors through its bankruptcy in 2009. Altman most recently served as political adviser to the failed presidential campaigns of former Secretaries of State John Kerry and Hillary Clinton in 2004 and 2008, respectively. Now, he seems to be all in for Biden.
Other high-powered Wall Street figures, including Bernard Schwartz and Jonathan Gray, contributed to the Super PAC too. Scwartz, who leads BLS Investments, contributed $100,000 to Unite the Country. Likewise, Gray who serves as the president the Blackstone Group—a private equity giant, gave $50,000. Three senior members of Blackstone’s leadership team contributed a further $50,000 each.
Unite the Country is also bankrolled, in part, by oil interests. Richard Slifka, the chief executive of Global Petroleum Corp., contributed $50,000 to the Super PAC at the end of December. Global Petroleum is a commodity trading company specializing in crude oil and gasoline.
The money from Slifka and others has allowed Unite the Country to spend more than $4.3 million in hopes of creating a last minute surge behind the former vice president ahead of the Iowa Caucuses.


Biden was enriching more family members than just Hunter

 

On January 21, Peter Schweizer’s newest book, Profiles in Corruption: Abuse of Power by America’s Progressive Elite, will be released. It should sell well given that pre-sales have already put it at #14 on the Amazon charts. As a preview of coming attractions, the New York Post published an extract from the book detailing “How five members of Joe Biden’s family got rich through his connections.”
According to Schwiezer, Biden was fibbing when he announced last year, “I never talked with my son or my brother or anyone else — even distant family — about their business interests. Period.” The truth is that Biden’s business conversations not only benefited Hunter, they also benefitted Biden’s son-in-law Howard, his brothers James and Frank, and his sister Valerie. Loose lips enrich sibs.
James Biden was a welcome friend in the Obama White House. “Sometimes, James’ White House visits dovetailed with his overseas business dealings, and his commercial opportunities flourished during his brother’s tenure as vice president.” For example, just three weeks after Biden’s longtime friend Kevin Justice, president of HillStone International, a subsidiary of a huge construction management firm, visited the White House, HillStone announced that James Biden was its new Executive Vice President.
No one cared that Biden had no experience in construction management. What might have mattered was that, six months later, the firm got a contract to build 100,000 homes in Iraq, plus a $22 million U.S. federal government contract to manage a State Department project. An executive in the parent company later told investors it helped to have the vice president’s brother as a partner. 
The book excerpt also tells how Hunter -- a man known for drugs, alcohol, taking up with his brother’s widow, fathering a child on a stripper, dumping the stripper and his child, and marrying another woman –made bank in Ukraine thanks to  his father’s connections. It’s a complicated, unsavory story, but the bottom line is the same as for James: Hunter got an immensely profitable job for which he was completely unqualified because Biden allowed Hunter to piggyback off of Biden’s connections.
When it came to his kids, Biden didn’t stop with Hunter. His daughter, Ashley, married a doctor, Howard Krein. Howard and his siblings open StartUp Health, an investment consultancy firm. In 2011, when the firm had just opened, two of the firm’s executives were invited to meet with Obama and Biden. The next day, this barely hatched entity hit the big time:
The following day the new company would be featured at a large health care tech conference being run by the U.S. Department of Health and Human Services (HHS), and StartUp Health executives became regular visitors to the White House, attending events in 2011, 2014 and 2015.
How did StartUp Health gain access to the highest levels of power in Washington? There was nothing particularly unique about the company, but for this:
The chief medical officer of StartUp Health, Howard Krein, is married to Joe Biden’s youngest daughter, Ashley.
For years after, including his years in the White House, Biden made a point of promoting the company.
James also wasn’t the only one of his siblings Biden helped. In March 2009, Biden went to Costa Rica. The last time a high-ranking American official went to Costa Rica was in 1997 when Bill Clinton traveled there. Biden’s trip may not have been a coincidence:
Joe Biden’s trip to Costa Rica came at a fortuitous time for his brother Frank, who was busy working deals in the country. Just months after Vice President Biden’s visit, in August, Costa Rica News announced a new multilateral partnership “to reform Real Estate in Latin America” between Frank Biden, a developer named Craig Williamson, and the Guanacaste Country Club, a newly planned resort. 
[snip]
As it happened, Joe Biden had been asked by President Obama to act as the Administration’s point man in Latin America and the Caribbean.
Frank’s vision for a country club in Costa Rica received support from the highest levels of the Costa Rican government— despite his lack of experience in building such developments. He met with the Costa Rican ministers of education and energy and environment, as well as the president of the country.
The same amazing coincidences played out with Biden’s sister Valerie, to whom his campaigns ended up paying $2.5 million in consulting fees in 2008 alone.
Considering that the New York Post article is merely a short excerpt from Peter Schweizer’s Profiles in Corruption, readers can expect to be exposed to a massive, but readable data dump, explaining how taxpayer funds and political connections have been funding the lifestyles of the rich and progressive.


NY Post: ‘Profiles in Corruption’ Reveals How the ‘Biden Five’ Made Millions Off Joe Biden Connections

Spencer Platt/Getty, HarperCollins
 18 Jan 20202,346
1:47
Five family members of former Vice President Joe Biden have scored “sweetheart deals” and “favorable access” thanks to their connection to the 2020 Democrat White House candidate, reveals the forthcoming investigative book Profiles in Corruption: Abuse of Power by America’s Progressive Elite by five-time New York Times bestselling author and Breitbart News senior contributor Peter Schweizer.
The New York Post reports:
The Biden family’s apparent self-enrichment involves no less than five family members: Joe’s son Hunter, son-in-law Howard, brothers James and Frank, and sister Valerie.
When this subject came up in 2019, Biden declared, “I never talked with my son or my brother or anyone else — even distant family — about their business interests. Period.”
As we will see, this is far from the case…
Joe Biden’s younger brother, James, has been an integral part of the family political machine from the earliest days when he served as finance chair of Joe’s 1972 Senate campaign, and the two have remained quite close. After Joe joined the U.S. Senate, he would bring his brother James along on congressional delegation trips to places like Ireland, Rome and Africa.
When Joe became vice president, James was a welcomed guest at the White House, securing invitations to such important functions as a state dinner in 2011 and the visit of Pope Francis in 2015. Sometimes, James’ White House visits dovetailed with his overseas business dealings, and his commercial opportunities flourished during his brother’s tenure as vice president.
Read the rest here.



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.


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