BANKSTERS' RENT BOY BARACK OBAMA'S FAVE BANKSTER JAMIE DIMON WARNS 'CREDIT CARD' JOE BIDEN BAILOUTS ARE LOOMING!

“Judicial Watch’s records request is designed to expose how California state legislators are wasting tax dollars to take care of another corrupt politician – Eric Holder – under the guise of resisting the rule of law on immigration and other matters,” stated Judicial Watch president Tom Fitton.  “His record at the Clinton and Obama Justice Departments demonstrates a willingness to bend the law in order to protect his political patrons.

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.

The Republican staff of the US House Committee on Financial Services released a report Monday presenting its findings on why the Obama Justice Department and then-Attorney General Eric Holder chose not to prosecute the British-based HSBC bank for laundering billions of dollars for Mexican and Colombian drug cartels.

“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

 

https://globalistbarackobama.blogspot.com/2018/10/barack-obama-his-plundering-banksters.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."

TRY TO SEPARATE THE BANKSTER REGIME, STILL OPERATING, OF BARACK OBAMA, ERIC HOLDER AND 'CREDIT CARD' JOE BIDEN FROM BIG BANKSTERS! CAN'T BE DONE!!! GOOGLE IT!

https://mexicanoccupation.blogspot.com/2022/02/danger-to-american-democracy-three.html

The office thing might have been improper, but at this point, who cares? More at issue is the extraordinary run Holder just completed as one of history’s great double agents. For six years, while brilliantly disguised as the attorney general of the United States, he was actually working deep undercover, DiCaprio in The Departed-style, as the best defense lawyer Wall Street ever had.

ERIC HOLDER HAS long insisted that he tried really hard when he was attorney general to make criminal cases against big banks in the wake of the 2007 financial crisis. His excuse, which he made again just last month, was that Justice Department prosecutors didn’t have enough evidence to bring charges.

Many critics have long suspected that was bullshit, and that Holder, for a combination of political, self-serving, and craven reasons, held his department back.

A new, thoroughly-documented report from the House Financial Services Committee supports that theory. It recounts how career prosecutors in 2012 wanted to criminally charge the global bank HSBC for facilitating money laundering for Mexican drug lords and terrorist groups. But Holder said no.

ERIC HOLDER’S LONGTIME EXCUSE FOR NOT PROSECUTING BANKS JUST CRASHED AND BURNED

New evidence supports critique that Holder, for a combination of political, self-serving, and craven reasons, held his department back from prosecuting big banks.

 

CEO of World’s Largest Bank Hints at Historic Crash

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iStock/Getty Images

BIRCH GOLD (SPONSORED)

17 Jan 202472

2:15

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THERE'S A REASON WHY MOST ALL BILLIONAIRES ARE DEMS FOR OPEN BORDERS! KEEPS WAGES DEPRESSED AND BUILDS THE SERF CLASS.

Bank of America Earnings PLUNGE 50%. Accounts are being liquidated.

https://www.youtube.com/watch?v=YCDix232AS4

JOE BIDEN'S CRONIES:

The report begins by noting that since 2020 the world’s five richest men have more than doubled their fortunes, at the rate of $14 million per hour, from $405 billion to $869 billion, while almost 5 billion people, over half the world’s population, have been made poorer.

Oxfam report: A devastating indictment of monopoly power and inequality

Nick Beams

16 hours ago

As the gathering of the global elites at the annual World Economic Forum meeting in Davos, Switzerland gets underway, the international aid agency Oxfam has published a devastating report on the escalation of inequality.

It shows how the enormous growth of corporate power and wealth is reshaping the world, producing social devastation for billions and the accumulation of fabulous wealth for a handful of oligarchs.

A woman holds up the Spanish sign "Our soup kitchens need food" outside the Social Development Ministry during a protest demanding more government food aid for soup kitchens in Buenos Aires, Argentina, Friday, Dec. 22, 2023. [AP Photo/Rodrigo Abd]

The report begins by noting that since 2020 the world’s five richest men have more than doubled their fortunes, at the rate of $14 million per hour, from $405 billion to $869 billion, while almost 5 billion people, over half the world’s population, have been made poorer.

Speaking on the report, Oxfam interim Executive Director Amitabh Behar said: “We are witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom.”

“This inequality,” he continued, “is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else.”

Importantly, he also pointed to a trend which was emphasised in the New Year perspective statement of the World Socialist Web Site—the role of corporate power and concentration, not just the growth of individual wealth, in undermining all democratic structures and paving the way for extreme right-wing and fascist regimes.

“Runaway corporate and monopoly power,” he said, “is an inequality-generating machine: through squeezing workers, dodging tax, privatizing the state, and spurring climate breakdown, corporations are funneling endless wealth to their ultra-rich owners.

“But they’re also funneling power, undermining democracies and our rights.”

The opening chapter of the report, headlined “A new gilded age of division” highlighted the enormous growth of corporate concentration and profit in contrast to the “brutal world” for billions of people confronted with the “grinding reality” of the rising cost of food and other essentials.

It noted that 4.8 billion people are today worse off than they were in 2019, prices outpacing pay the world over, “with hundreds of millions of people seeing their wages buy less each month and their prospects for a better future disappear.”

This has meant that in the past two years some 800 million workers have lost $1.5 trillion because their wages have fallen behind inflation, equivalent to near a month (25 days) for each worker. Of the 1,600 largest corporations worldwide, only 0.4 percent of them have committed to paying workers a living wage and supporting a living wage in their value chains. 

For billions of people in lower-income countries, a new era of colonialism has arrived. The exploitation of the masses, which used to be carried out by direct control, has been replaced by the seamless, and even more efficient, operations of the global financial system.

In the words of the report, as governments find it impossible to stay afloat: “Low- and lower-middle-income countries are set to pay nearly half a billion US dollars a day in interest and debt payments between now and 2029, and they are having to make severe cuts to spending to pay their creditors.”

It details the vast increase in corporate profits at the top end, finding that the world’s largest corporations had an 89 percent jump in profits for the years 2021 and 2022 compared to the period 2017-2020, as data covering the first six months of last year indicates it is “set to shatter all records as the most profitable year yet for big corporations.”

Some of the numbers are: a 278 percent increase in 2023 for the profits of 14 oil and gas companies; the profits of two luxury brands up by 120 percent from the average in 2018-21; an increase in profits of 32 percent for 22 financial companies in 2023 compared to the average for 2018-21; an increase of 32 percent in the profits of 11 pharmaceutical companies in 2022 compared to 2018-21.

But even more significant than the profit increases themselves is the concentration of corporate power to an extent never before seen in history.

The report notes that the largest 0.001 percent of firms earn roughly one-third of all corporate profits.

The chapter on monopoly power was introduced with an image of the hand of a puppet master controlling the strings to point to the effect of corporate control of governments and their legislative agenda, ranging from taxation policy to corporate concentration, social spending and climate change.

“We are living through a new area of monopoly power,” according to the report. “A small number of ever-swelling corporations wield extraordinary influence over economies and government with ... largely unbridled power to price gouge consumers; suppress wages and abuse workers; limit access to critical goods and services; thwart innovation and entrepreneurship; and privatize public services and utilities for private profit.”

In his introductory remarks on the report, Behar said the world had not forgotten “how pharma monopolies deprived millions of people of COVID vaccines, creating a racist vaccine apartheid, while minting a new club of billionaires.”

Monopoly power goes across the board. Would be reformers of the capitalist system, including Oxfam itself, often point to increased taxation on corporations and the wealthy as a means of ameliorating, at least to some effect, social inequality. But such proposals fly in the face of the historical record, as detailed in the report.

It says that since 1980, corporations have waged a “sustained and highly effective war” on taxation, with the result that the statutory rate has more than halved, falling from 48 percent to 23.1 percent. But this is only part of the picture, because major corporations with their lawyers and tax accountants can exploit the loopholes in the legislation, write-offs and the like, deliberately put in place to enable avoidance, and end up paying tax far below the statutory rate, or in some cases no tax at all.

On top of this there is the use of tax havens. It is estimated that about $1 trillion in profits, 35 percent of foreign profits, were shifted to tax havens in 2022.

Another reform proposal often advanced is the break-up of monopoly power by government regulation. But as the report itself makes clear, the historical trend is in the opposite direction and that “far from being accidental, this power has been handed to monopolies by our governments.”

The degree of concentration is captured in some significant data. Ten giant “big pharma” firms have emerged from 60 over the past two decades; two global companies control over 40 percent of the global seed market, compared to ten 25 years ago; four firms control 62 percent of the world’s pesticide markets; three quarters of global online advertising is done through Meta (the owner of Facebook) and Alphabet (the owner of Google); and four companies control 74 percent of the global accounting market.

On the vital issue of global warming, the report notes that “corporate power is driving climate breakdown, in turn causing great suffering and exacerbating inequalities.”

The report continues:

Many of the world’s billionaires own, control, shape and financially profit from processes that emit greenhouse gases, and benefit when corporations seek to block progress on a fast and just transition, deny and spin the truth about climate change, and crush those who oppose fossil fuel extraction.

As with all of Oxfam’s previous reports, the conclusions it draws from the facts and figures it lays out, as well as the pronounced trends and processes it details, going back decades, stand in stark contrast to the completely empty “solutions” it advances.

In this case, where the focus is on the growth of corporate monopoly power, it advances the call to “revitalize the state.”

This is based on a fundamentally wrong conception—the notion that the state somehow stands above social classes, a kind of neutral instrument which through pressure can be made to act in the interests of society.

That conception was refuted long ago by the historical analysis of the Marxist movement going back to Marx’s remark that every capitalist government is but the executive committee for managing the affairs of the bourgeoisie.

That analysis is underscored by the Oxfam report itself. The conclusion which must be drawn by the working class is that it must seek not to reform the capitalist state or try to pressure it—that is impossible—but to take political power in its own hands and establish a workers’ state as the first step in reconstructing society on socialist foundations.

BEING THE WORST PRESIDENT IN AMERICAN HISTORY WILL NOT DISSUADE THE SUPER RICH. THE BILLARY CLINTON DEMS ARE THE PARTY OF THE RICH! THE LARGEST TRANSFER OF WEALTH TO THE RICH IN MODERN AMERICAN HISTORY OCCURRED DURING THE BANKSTER REGIME OF BARACK OBAMA, ERIC HOLDER AND 'CREDIT CARD' JOE BIDEN!

THE DEMOCRAT PARTY’S BILLIONAIRES’ GLOBALIST EMPIRE requires someone as ruthlessly dishonest as Hillary Clinton or Barack Obama to be puppet dictators.

http://hillaryclinton-whitecollarcriminal.blogspot.com/2018/09/google-rigged-it-so-illegals-would-vote.html

Globalism: Google VP Kent Walker insists that despite its repeated rejection by electorates around the world, “globalization” is an “incredible force for good.”

 

Hillary Clinton’s Democratic party: An executive nearly broke down crying because of the candidate’s loss. Not a single executive expressed anything but dismay at her defeat. 

 

Immigration: Maintaining liberal immigration in the U.S is the policy that Google’s executives discussed the most. 

 

This seems illegal BUT WHAT DOES THAT

MEAN TO A GAMER LAWYER?!?

https://www.youtube.com/watch?v=KKMZFO-2ZeI

The main objective of “political animals” like Obama and the Clintons is to get elected; it’s not to fix a broken America, nor to protect her. There are people who govern and there are people who campaign; Obama and the Clintons are the latter. Just look at the huge Republican electoral gains under Obama and the Clintons. It’s amazing that Democrats who still care about their party still support the very people who have brought it down.

 

“Protect and enrich.” This is a perfect encapsulation of the Clinton Foundation  (TWO GAMER LAWYERS - OWNED BY GEORGE SOROS) (WHAT ABOUT THE CHINA BIDEN PENN CENTER?)  and the Obama (TWO GAMER LAWYERS - OWNED BY GEORGE SOROS) book and television deals. Then there is the Biden family (FOUR GAMER LAWYERS - JOE, HUNTER, JAMES, FRANK - OWNED BY GEORGE SOROS AND LARRY FINK OF BLACKROCK)  corruption, followed closely behind by similar abuses of power and office by the Warren (GAMER LAWYER) and Sanders families, as Peter Schweizer described in his recent book “Profiles in Corruption.” These names just scratch the surface of government corruption (ADD GAMER LAWYER KAMALA HARRIS (WANTS TO BE OWNED BY GEORGE SOROS) AND HER LAWYER HUSBAND AND THE BANKSTERS’ RENT BOY, LAWYER CHUCK SCHUMER, OWNED BY LARRY FINK OF BLACKROCK WHO OWNS A BIG PIECE OF THE ‘BIG GUY’ JOE, AND GEORGE SOROS’ RENT BOY (GAMER LAWYER) TONY BLINKEN, AS WELL AS CON MAN (GAMER LAWYER) ADAM SHIFF) AND HIS CORRUPTNESS (GAMER LAWYER) BOB MENENDEZ STILL EVADING PRISON.

    BRIAN C JOONDEPH

 

Biden-Harris Campaign Claims 2024 War Chest Is Largest of Any Democratic Candidate in History

24

Alex Wong/Getty Images

SIMON KENT

16 Jan 2024

2:31

The Biden-Harris reelection effort is not running out of cash anytime soon. That was the claim Monday when party organizers boasted they had $117 million on hand, making it the largest sum for any Democratic candidate in history at this point in the race.

The Hill reports the president and vice president’s 2024 campaign team said it raised more than $97 million in the fourth quarter of 2023. The total includes fundraising efforts by the campaign, joint fundraising committees and the Democratic National Committee. The report sets out:

In the third quarter of 2023, the Biden-Harris campaign announced it raised more than $71 million and had nearly $91 million cash on hand.

The team raised more than $72 million in the second quarter of last year, with $77 million cash.

The campaign stressed grassroots fundraising efforts in the fourth quarter contributed to the haul and applauded the historic achievement, the report continues.

“This historic haul — proudly powered by strong and growing grassroots enthusiasm—sends a clear message: the Team Biden-Harris coalition knows the stakes of this election and is ready to win this November,” Julie Chávez Rodríguez, Biden-Harris campaign manager, said in a statement announcing the numbers as seen by The Hill.

“Across our coalition, we are seeing early, sustained support that is helping us scale our growing operation across the country and take our message to the communities that will determine this election,” Chavez added.

The amount represents the sum total of four entities: Biden’s campaign, his two joint fundraising committees and the Democratic National Committee.

The Biden-Harris campaign said 97 percent of donations in the fourth quarter were less than $200, for an average of $41.88.

Since the campaign’s launch, aides said, almost one million supporters have made contributions, for more than 2.3 million total contributions, The Hill report concluded.

Former President Donald Trump, Biden’s increasingly likely rival in the race for president, is yet to announce how much he raised throughout the last quarter.

Follow Simon Kent on Twitter:  or e-mail to: skent@breitbart.com