THIS NATION IS RULED BY AND
FOR BIG BANKS!
“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.”
The Problem with Bernie
Supposedly in the new four-hour (yikes!) documentary Hillary the subject says of Bernie Sanders “Nobody likes him.” As with most of Hillary’s judgments, especially when it comes to gauging human desires, she is way off the mark. In fact, Sanders appears to be a reasonably likable guy, which accounts in part for his spike in the Democrat polls. There is a strong possibility he’ll end up the party’s nominee, a frightening prospect for the Democrat establishment and the country as a whole.
Current polling suggests Sanders might win the Iowa primary. He’s polling just below Biden (23-21%) within the margin of error. Nationally, he holds a slight lead among Democrat primary voters (27-26%) also well within the margin of error. The same poll has Warren at 15%.
This has reportedly alarmed top Democrats. Not only does Sanders present the type of truly radical socialist that wealthy Democratic elites really don’t want jiggling with the economy and their stock portfolios, they think a Sanders candidacy effectively will secure Trump’s reelection. Even worse, it might flip the House as well, mirroring the crushing defeat that befell Jeremy Corbin, the far-left British politician, who Sanders resembles in many respects.
President Sanders would attempt to radically remake the United States into a socialist state further to the left, further indebted, and further internationalized than even Western Europe’s most liberal polities. It would be a historical disaster of epic and perhaps irrevocable proportions.
Sanders ideas are so radical that his chances of beating Donald Trump in November appear marginal. It’s assumed he would not bring a heavy Democratic turnout, struggle with blacks, and alienate the critical independent voters who effectively will decide the election.
Relatedly, Sanders offers no “identity advantage” to the Democrats, which might also drive excitement within the party and push turnout. He’s an old white guy from New York (like Trump), plus he’s ethnically Jewish, not a plus with Democrats today.
Wealthy donors, for all their talk of “equality” and pandering to the myriad of “oppressed identities” that form the Party’s base, virtue signal as they do because they are confident that their own core wealth and privilege will either rise or remain unaffected in a Democrat administration. That would not be true under President Sanders. And sitting representatives and senators worry that they’ll be dragged down in a Sanders debacle.
For these reasons, it’s plausible that Donald Trump would love to run against Sanders. In Iowa, Republican operatives are moving hard against Joe Biden, not Sanders, evidently in bid to knock him out of the race early, giving Sanders the edge and momentum, which would be bolstered with a Sanders win in New Hampshire, where recent polls say he’s opened a 15-point lead.
One of Sanders strengths, but also a problem for the Democrat establishment, is that like Trump, Sanders has a solid and dedicated base. That base is made up largely of younger and also less wealthy people, who feel alienated. This includes so-called Bernie Bros, who think Bernie will give them a lifetime of handouts, even if they decide not to work -- God bless’em. But it’s not just the bros. Sanders is the candidate of Alexandria Ocasio-Cortez, the effective national leader of the young left, who is at risk of losing her own congressional seat due to her ignorance and dismissal of retail politics.
The problem for the establishment is that attacking Sanders or brokering a convention would almost certainly alienate this base. They might put down their video games and cellphones to vote for Bernie, but they ain’t gonna do it for Joe Biden (or Michael Bloomberg if it came to that.)
Even worse, this sense of alienation that affects many of Sanders supporters actually makes them more open to Trump than most other Democrats. Ten percent of Sanders supporters actually ended up voting for Trump in 2016, a reflection of the fact that personality rather than policy drives a lot of people, especially younger folks. Were that to happen again, especially given the growth in Sanders’ popularity, it could prove disastrous for Democrat hopes in 2020.
So knocking Biden out of the race to open the way for Sanders seems like a reasonable strategy for Trump and Republicans. But it is also a high-risk venture.
On a personal level, Sanders matches up rather well with Trump. Like Trump, Sanders is his own man, relatively authentic for a politician. Trump benefitted substantially from the strong dislike many Americans have for Hillary Clinton, a phony if there ever was one. Sanders isn’t like Hillary, other than that they are both people of the left.
Philosophically, Sanders has been more consistent than Trump, who has migrated variously over the political and social map. Trump has solidly staked a claim as a tough conservative President in the past three years, particularly through his judicial picks, but Sanders can shake off attempts by Trump to paint him as a phony.
The bottom line is that for all his myriad philosophical problems as a candidate, Sanders does well on a personal basis. He’s unlikely to be intimidated or shouted down, and while Sanders not as funny as Trump by a long mile, he’s less unfunny than most of his Democrat competitors. Trump will have to beat him by scaring the bejabbers out of people with the prospect of being led by Comrade Bernie.
Trump can do that, and would likely beat Sanders, flip the House Republican to boot, and hand the Democrats an epic defeat. Clearly this is what the Democrat establishment fears, and Trump seems to be trying to engineer. For Trump and Republicans, going against Bernie is a good bet, but with incredibly high stakes.
BARACK
OBAMA AND HIS CRONY BANKSTERS set themselves on America’s pensions next!
http://mexicanoccupation.blogspot.com/2015/04/obamanomics-assault-on-american-middle.html
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 law breaking carried out by
the biggest banks both before and after the Wall Street crash of 2008.
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.
JPMorgan Chase records the biggest profit of any bank in US history
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.”
http://mexicanoccupation.blogspot.com/2014/01/barack-obama-and-jamie-dimon-americas.html
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…
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 CAhttp://mexicanoccupation.blogspot.com/2015/04/right-wing-democrat-reelected-as.htmlRTELS: 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?
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!
WILL OBAMA
CAUSE THE IMPENDING GLOBAL ECONOMIC
MELTDOWN?
"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!
http://mexicanoccupation.blogspot.com/2014/09/hillary-clinton-and-1-billionaire-class.html
HILLARY – A
DEDICATED SERVANT OF WALL STREET MONSTERS and a CLONE of BARACK OBAMA!
http://fortune.com/2014/06/13/hillary-clinton-dealmaker-business/
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!
http://mexicanoccupation.blogspot.com/2014/01/barack-obama-and-jamie-dimon-americas.html
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?
By Barry
Grey
7 January
2014
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.
http://mexicanoccupation.blogspot.com/2014/01/why-arent-wall-street-criminals.html
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
http://mexicanoccupation.blogspot.com/2012/11/obamas-crony-capitalism-obama-was.html
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.”
http://mexicanoccupation.blogspot.com/2013/05/student-loan-profiteering-by-obama-on.html
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.
http://mexicanoccupation.blogspot.com/2013/11/crony-capitalismd-obamas-looting.html
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.
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).”
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.
INCEST! The
case of bankster-owned Barack
Obama and
crony Jamie Dimon of JP
MORGAN…
their looting continues!
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.
Amid poverty wages
and tax cuts for the rich
"This
decades-long ruling class offensive was accelerated in response to the 2008
financial crisis. President Barack Obama oversaw the channeling of trillions of
dollars to the banks and financial markets in order to pay off the debts of the
bankers and speculators, whose reckless and criminal activities had led to the
crisis, and make them richer than ever. At the same time, he imposed a
restructuring of the auto industry based on a 50 percent across-the-board pay
cut for new-hires and an expansion of temporary and part-time labor,"
The devastating human cost of the plundering of society by the
corporate-financial oligarchy is registered in declining life
expectancy, rising mortality and record suicide and drug addiction
rates.
BARACK
OBAMA AND HIS CRONY BANKSTERS set themselves on America’s pensions next!
http://mexicanoccupation.blogspot.com/2015/04/obamanomics-assault-on-american-middle.html
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 law breaking carried out by
the biggest banks both before and after the Wall Street crash of 2008.
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.
JPMorgan Chase records the biggest profit of any bank in US history
JPMorgan Chase, the most valuable private bank in the world,
made $36.4 billion in 2019, the biggest annual profit of any bank in American
history. The news, reported Tuesday, sent the company’s stock up by 2 percent.
In the fourth quarter of 2019, the company took in $8.5 billion, also a record,
making it the tenth largest publicly traded company in the world, with a market
cap of $437 billion.
JPMorgan Chase’s record profits were joined by Morgan Stanley,
which also reported both record profits and record revenues for 2019, sending
its stock price surging 6.6 percent on Thursday.
News of these record gains came as the six largest US banks
revealed that they saved a combined $32 billion last year from President Donald
Trump’s 2017 corporate tax cut. The tax windfall was up from 2018 for all but
one of the banks. JPMorgan’s tax cut went from $3.7 billion in 2018 to $5
billion last year.
At Wednesday’s signing ceremony for the phase one trade deal
with China, attended by an array of corporate executives, Trump turned to Mary
Erdoes, a top executive at JPMorgan Chase. Calling the bank’s earnings report
“incredible,” he joked, “Will you say, ‘Thank you, Mr. President,’ at least?”
The tax cuts for the corporations and the rich,
enacted with only token opposition from the
Democrats, are only one factor in the surge
in profits over the past year. When stocks
plunged at the end of 2018, Trump stepped
up his demand that the Federal Reserve
reverse its policy of gradually raising interest
rates to more normal levels, following years
of near-zero rates in the aftermath of the 2008
financial crisis. Acting as the mouthpiece of
Wall Street, he demanded that the Fed begin
cutting rates once again in order to pump
more cash into the financial markets.
Fed Chairman Jerome Powell dutifully complied, cutting interest
rates three times in 2018 and assuring the markets that he had no intention of
raising them again any time soon. Then, beginning in the late fall, the Fed
began pumping tens of billions of dollars a week into the so-called “repo”
overnight loan market, resuming the money-printing operation known as
“quantitative easing.”
This de facto guarantee of unlimited public funds to backstop
stock prices has produced record highs on all of the major US indexes, sending
billions more into the private coffers of the rich and the super-rich.
These measures are a continuation and intensification of
policies carried out on a bipartisan basis for four decades to redistribute
wealth from the working class to the corporations and the financial elite. They
have effected a fundamental restructuring of class relations in America,
drastically lowering the social position of the working class. Decent-paying,
secure jobs have been wiped out and largely replaced by poverty-wage,
part-time, temporary and contingent employment—the so-called “gig” economy
exemplified by corporations such as Amazon and Uber.
This decades-long ruling class offensive was accelerated in
response to the 2008 financial crisis. President Barack Obama oversaw the
channeling of trillions of dollars to the banks and financial markets in order
to pay off the debts of the bankers and speculators, whose reckless and
criminal activities had led to the crisis, and make them richer than ever. At
the same time, he imposed a restructuring of the auto industry based on a 50
percent across-the-board pay cut for new-hires and an expansion of temporary
and part-time labor.
The United Auto Workers (UAW) has actively participated in this
process, enshrining the new “flexible” labor system in sellout contracts in
2015 and 2019. This template of expendable, benefits-free labor has become the
new norm for labor relations across the country and throughout the world.
Meanwhile, state, local and federal government programs have
been dramatically slashed. Education, housing, Medicaid and food stamps have
been particularly hard hit. This process has been accelerated under Trump,
along with the removal of occupational safety and environmental regulations,
with no opposition from the Democrats, who represent sections of the financial
elite and wealthy upper-middle class.
The devastating human cost of the plundering
of society by the corporate-financial oligarchy
is registered in declining life expectancy,
rising mortality and record suicide and drug
Institution found that 53 million people in the US—44
percent of
all workers—“earn barely enough to live on.” The study found
that
the median pay of this group was $10.22 per hour, around
$18,000 a year. Thirty seven percent of those making $10
an
hour have children. More than half are the primary earners
or
“contribute substantially” to family income.
Similarly, a Reuters report from 2018 found that the average
income of the bottom 40 percent of workers in the United States was $11,600.
A recent study by Trust for America’s Health found that in
2017 “more than 152,000 Americans died from alcohol- and drug-induced
fatalities and suicide.” This was highest number ever recorded and more than
double the figure for 1999. Among those in their 20s and early 30s, the prime
working life age, drug deaths have increased more than 400 percent in the last
20 years.
At the other pole of society, the Dow Jones Industrial index is
now double what it was at its peak in 2007, prior to the implosion of the
financial system. Between March 2009 and today, the Dow has risen from 6,500 to
over 29,000. The stock market, buttressed by central bank and government
policy, has become the central instrument for funneling wealth from the bottom
of society to the top. As a result, the top 10 percent of society now owns
about 70 percent of all wealth, whereas the bottom 50 percent has, effectively,
nothing.
In the midst of this orgy of wealth accumulation at the very top
of society, every demand of workers for jobs, decent pay, education, housing,
health care and pensions is met with the universal response: “There is no
money.” Hundreds of thousands of teachers have struck over the past two years
to demand the restoration of funds cut from the public schools and substantial
increases in pay and benefits. None of their demands have been met. The same
applies to auto workers who struck for 40 days last fall to demand an end to
two-tier pay systems and the defense of jobs.
JPMorgan’s $36.4 billion profit in 2019 is more than half the
education budget of the US federal government.
Meanwhile, Americans are deeper in debt to JPMorgan and the
other banks than at any time in history. Collective consumer debt in the United
States approached $14 trillion last year. Credit card debt has surpassed $1
trillion for the first time. Auto debt is at $1.3 trillion and mortgage debt is
now $9.4 trillion. Student loan debt has increased the fastest, surging from
$500 billion in 2006 to $1.6 trillion today.
These are the conditions, rooted in the historical bankruptcy
and crisis of the capitalist system, that have sparked a global upsurge in the
class struggle and the growth of anti-capitalist and pro-socialist sentiment.
The past year has seen a dramatic expansion of working class struggle that is
only a glimpse of what is to come. India, Hong Kong, Mexico, the United States,
Puerto Rico, Lebanon, Iraq, France, Chile and Brazil are only some of the
places where mass struggles have erupted.
What is becoming increasingly clear to hundreds of millions of
people around the world is that the social problems confronting humanity in the
21st century—poverty, debt, disease, global warming, war, fascism, the assault
on democratic rights—cannot be solved so long as this parasitic and
oligarchical financial elite continues to rule. The turn is to the American and
international working class—to unite, take power and seize control of the
wealth which it produces to ensure peace, prosperity and equality for all
people.
No comments:
Post a Comment