Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts
Wednesday, December 13, 2017
Capitalism Rothschild Goldman Style - An Idea Whose Time is Done?
Once upon a time there was a new nation formed from a repressive past and a fierce desire to achieve individual freedom. A gathering of Americans convened in Philadelphia that summer of 1787 to draft a new constitution for the new nation resulting from the stunning defeat of Great Britain in the American Revolution. Some say it was the greatest gathering of minds in the history of the world.
What emerged was a Constitution and Bill of Rights unlike anything before or since and to this day it has reigned as the predominant constitution in the world. But it was not without pain and debate, much of which centered around the distribution of powers between a strong federal government and state's rights.
By June of 1788 the required nine states had approved the constitution and in January 1789 the new Congress met for the first time. George Washington was elected President of the United States and John Adams Vice President and America was a viable entity.
The battle between advocates of a strong national government (federal) and state's rights would continue until this day but major changes took place under the George Washington administration through the efforts of Alexander Hamilton, Washington confidant and first Secretary of the Treasury. This was a time when the Rothschild's international banking family made it's first inroads into the fledgling and lucrative America money machine.
Now most people who slept through American history and economics classes in high school and college think capitalism was a creation of the Revolution along with the American style of Democracy. Wrong. In fact it is one of four major wrongs attributed to our revolution and founding fathers by modern day politicians and a liberal media overwhelmed by Alzheimer's forgetfulness.
Wrong number one, we did not invent democracy, we approved a Republic. Number two wrong, capitalism is not an American creation but European strategy to control countries. Wrong number three, slavery was not an American original but again European strategy to exploit America. Wrong number four, in America the separation of church and state did not separate God from America but the godless from America.
As for our favorite trillionaire family, the Rothschilds, they were there way back then as much as today. Mayer Amschel Rothschild, the patriarch of the House of Rothschild, was from Frankfurt, Germany where his grandfather and father had built a business. In 1755 and 1756 when he was 12 years old his parents died and he was sent to complete an apprenticeship in Hanover working for Wolf Jakob Oppenheimer whose family first exposed him to the benefits of working with royalty.
The Oppenheimer's were court agent to the Austrian Emperor and agent to the Bishop of Cologne. Upon completion of his apprenticeship in 1764 Mayer Amschel returned to his family in Frankfurt and established the House of Rothschild. It was the beginning of the most powerful banking family in history.
The French Revolution and English Industrial Revolution in the late 18th century gave Rothschild the chance to expand his enterprise from Germany to France and England and the House of Rothschild became the first international banking network managing the finances of nations. Of course the golden goose for international bankers was America just emerging from the Revolution and trying to become a nation.
Capitalism, as we know it today, dates back to the middle ages but most historians consider the Netherlands the world's first capitalist nation with the wealthiest trading city, Amsterdam, and the first full time stock exchange which led to insurance and retirement funds, asset and inflation cycles and manipulation of commodity markets in the early 1600's.
The British East India Company and the Dutch East India Company launched a new expansion of capitalism in the early 1600's as state chartered trading companies. Chartered as joint-stock companies they were monopolies with powers ranging from lawmaking to military and treaty-making privileges. This was the first attempt by nations to compete with individual business to acquire and control resources from agriculture to gold, oil to clothing. Individual investors bought into these creations to reduce debt exposure and greatly enhance profit potential.
Money to support the multiple wars and trading companies along with the industrial development and geographic expansion came from the network of international banks led by the Rothschild banks throughout Europe.
In 1791 Alexander Hamilton, one of the leading patriots of the American Revolution and aide-de-camp to General George Washington was serving the first president as Secretary of the Treasury when he got the first Congress to approve a 20 year charter for the First National Bank of America to be run by agents of the House of Rothschild. Considerable suspicion of the dependence on private banks to finance the government surfaced on the part of George Washington, James Madison and Thomas Jefferson and the role of the international bankers made it a highly controversial action.
When opposition to renewing the charter in 1811 peaked the banking family threatened the nation with a crippling war if the charter was not renewed. The charter was not renewed and in 1812 England, the base for the Rothschild banking empire, declared war against America. By 1816 a financially devastated USA chartered the Second National Bank of America to the Rothschild agents.
When Andrew Jackson was president from 1829 to 1837 he was opposed to the National Bank and removed federal money from it. There was an assassination attempt on him in 1835 which the assailant claimed was financed by European bankers. From 1836 until 1913 there was no National Bank but the government was dependent on the New York banks, many of which were controlled by the Rothschild network.
During the Civil War Lincoln went to the New York banks for money for the war effort and was offered funds with interest up to 36%. Furious he refused and began the first printing of money by the federal government issuing $450 million in bonds. Both the United States and Russia under the Czars resisted efforts to establish national banks to finance governments. Ironically both Lincoln and Czar Alexander II were assassinated.
From the founding of our nation our leaders were deeply suspicious of the international bankers and their motives for establishing national banks. The lack of loyalty to the nations, unrestricted usury (interest) fees and lack of assets to back the paper bonds were among the many issues raised against the banks.
"If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash."
George Washington
"I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale."
"The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution."
Thomas Jefferson
"I have two great enemies: the Southern Army in front of me, and the financial institutions to my rear. Of the two, the one in my rear is my greatest foe."
Abraham Lincoln
"No State shall enter into any treaty, alliance, or confederation; grant letters of marquee and reprisal; coin money; emit letters of credit; make any thing but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant any title of nobility." (Article I, Section 10)
The Constitution of The United States of America
A definition of capitalism might read an economic system characterized by private property ownership; where individuals and companies are allowed to compete for their own economic gain; and free market forces determine the prices of goods and services. Some claim that the protection of individual and property rights is an essential element of capitalism since individuals must be able to keep what they earn through a capitalistic system.
However, since capitalism has been the breeding ground for slavery, excessive usury, manipulation of prices and many other anti-individual matters it seems rather hypocritical to define it with such a noble purpose as individual rights.
In truth capitalism has no moral or ethical requirements, is more comfortable with atheism than Christianity, and has minimal loyalty to nations. First and foremost capitalism is expected to produce maximum profit for the private stockholders and bond holders.
The performance of Wall Street in the sub-prime mortgage market, the oil price speculation, the unwillingness of banks to provide loans, the excessive charges and fees by our banking community and the bonuses, bailouts, stimulus spending and many other economic tricks exercised in Washington would suggest morality is the farthest thing from the minds of the money manipulators.
Our democracy requires a degree of morality and ethics not found in the capitalist system of the House of Rothschild or any other capitalist advocates. Yet our democracy, which is founded on individual rights, freedom and the grace of God requires a degree of morality and ethics not found in the socialist system either which is the opposite of capitalism and has bred the fascist and communist movements of the past century.
The Obama administration gave us extreme doses of both capitalism and socialism at their worst. Bank bailouts, bonuses and market manipulation seem okay to Obama along with a socialized work force, a public medical system and a redistribution of wealth. How silly.
What is needed is a new Constitutional Convention devoted to developing a new system of economics that will support the principles of our American Constitution without abusing the rights of man and woman and our relationship to God.
We have demonstrated greed in government cannot be regulated by those with greed and that Wall Street cannot be regulated by those with profit and the pursuit of materialism as a primary objective. Our Christian foundation may not be present in our religions but it is present in our relationship to God. The only way we can protect and defend the spiritual laws of God, the natural laws of nature and our inalienable rights as man is to eliminate the opportunity for greed from our system.
Do we have the strength to again defend our nation from the clutches of greed, the motives of capitalism and the exploitation of socialism? We shall see. Do we have the will to demand our principles of morality, our exercise of ethics and our relationship to God be protected first and foremost above materialism and greed? We shall see.
Do we have the fortitude to declare our Christian values of charity, compassion and empathy more important than the accumulation of wealth and property? Do we have faith in God and our ability as God's creations to protect individual rights and freedoms for all people from the forces of evil? Do we really believe in anything anymore?
We shall see...
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Thursday, January 14, 2016
The Obama Goldman Rothschild Update - The Trillionaire Puppet Masters at Work
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The deeper we dig into the world economic chaos the clearer the picture becomes that what has happened the past two years in the international economic meltdown could be a strategic move to solidify control of the US and world economies. For three years this paper has projected market manipulations underway that resulted in the near collapse of world economies. From the sub-prime mortgages to oil and commodity price manipulations, swaps and derivatives to a credit crash, a cascading series of unlikely events sent the world to the brink of economic disaster.
In the process regulatory agencies were proven to be toothless when it came to enforcement, Congress was inept in identifying problems or solutions, hundreds of millions of dollars were poured into political campaigns from Obama to our congressional leaders while behind the scenes the puppet masters were busy carrying out the script. This week the long awaited bank stress test results were released and surprise, surprise, JP Morgan and Goldman Sachs continue to separate themselves from the rest of the world.
The world economy may have been on the precipice of disaster but these two companies benefited in ways it will take years to assess and one has to wonder why? If you followed the series of articles in the Coltons Point Times you would have known. You can see the index of the Economic articles in the recent past at the Coltons Point Times http://coltonspointtimes.blogspot.com/ .
Let's examine where we are today. First, the Rothschilds control JP Morgan as they have for most of the past century along with an astounding number of major banks, brokers and corporations around the world. Then it is no surprise that in terms of the Market Cap on investment banking institutions in America JP Morgan stands alone with over $130 billion. They along with Goldman also had the highest ratings in the bank stress test and do not need any additional capital.
Behind Morgan comes Wells Fargo $99.16 billion (Warren Buffett is a substantial investor), Bank of America $69.39 billion but dropping, and Goldman Sachs at $64.37 billion (Warren Buffett is also a savior of that bank). Bank of America was the worst of all banks but not bad all the same and Wells does need to raise some capital.
How about the stock prices the past year. JP Morgan lost 27.8% of value, Goldman Sachs lost 31.6% of value and Wells Fargo lost 22.5% of value. All outperformed the markets which are still down about 40-42%. In the banking sector Bank of America lost 73.6% of value and Citigroup lost 87.3% of value. Most important, since Obama got elected our golden boys JP Morgan and Goldman both more than doubled in value to lead the economic rebound.
During the past year virtually all the competition to the golden buys disappeared, Bear Stearns, Merrill Lynch and Lehman Brothers were wiped out, companies that were founded in 1923, 1914 and 1850. All other major competitors were left broken like Bank of America and Citigroup.
Goldman probably owes it's survival to the fact it has long served as a front or partner with JP Morgan, meaning the Rothschild empire, just as the JP Morgan company survived by being a front for the Rothschild family. While Morgan has a market cap of over $130 billion, the Rothschild fortune is estimated to be as high as $200 trillion, not billion. That is more than the annual budgets of every nation on earth, actually more than every nation's budget on earth combined. The largest budget by far is the USA at $3.44 trillion with $11.2 trillion in debt, pocket change to the Rothschild family.
If the Rothschilds are the puppet masters of the world Goldman is their star puppet being in the forefront of every major financial catastrophe in recent history and benefiting each time. They secretly backed Obama well before he was a candidate for President and have been getting dividends on their investment ever since.
Both Morgan and Goldman got billions in bank bail out money from the last Administration, approved by Congress and approved by Senator Obama. Neither needed or ever used it. Since becoming President Obama gave billions to bail out AIG and AIG turned around and paid off billions in debt owed to Morgan and Goldman. How do these things happen under the very nose of Congress and federal regulators?
Look at the record of where former Goldman executives have settled. Here is just a partial list and it makes you wonder if Goldman Sachs is controlling Wall Street and Washington?
Henry H. Fowler - 58th United States Treasury Secretary (1965-1969)
Goldman just hired former Barney Frank staffer Michael Paese to be top Washington lobbyist.
This position was formerly held by Mark Patterson, the current chief of staff at the Treasury.
Ed Liddy, who the government appointed as CEO of AIG was Goldman’s vice chairman
Akshaya Prasad has left Goldman's and joined investment company Greater Pacific Capital as co-head of their Indian business.
Of course these high-level appointments are probably just coincidental. Just as it was probably coincidental that on September 15, 2008, then New York Fed president Tim Geithner pressed for AIG’s biggest counterparty, Goldman Sachs, to help the insurer raise capital after it became clear that AIG was at risk of going bankrupt. And that on the same day Goldman’s current CEO, Lloyd Blankfein, was at the New York Fed. And that Goldman ended up in receipt of about $12 billion in tax dollars thanks to AIG’s wholesale credit-default swap and after the government bail out.
Just today we learned that the chairman of the Federal Reserve Bank of New York, Stephen J. Friedman, abruptly resigned on Thursday, days after the Wall Street Journal raised questions about his ties to his former employer, Goldman Sachs.
Because the New York Fed approved a request by Goldman to become a bank holding company, the chairman’s involvement in Goldman was a violation of Fed policy, The Wall Street Journal reported. The New York Fed had asked for a waiver, which, after about two and a half months, the Fed granted, the newspaper said. During that time, Mr. Friedman bought 37,300 more Goldman shares, which have since risen $1.7 million in value.
In fact the control of the Rothschilds and Goldman are so complex the following is a chart tracking some of the Goldman connections.
As the world economy improves which it must for the golden boys to benefit maybe you should look carefully at our politicians and Wall Street executives and look closely for the puppet strings from the real Master.
.
First Published September 24, 2009
The Obama Goldman Rothschild Update - The Trillionaire Puppet Masters at Work
The deeper we dig into the world economic chaos the clearer the picture becomes that what has happened the past two years in the international economic meltdown could be a strategic move to solidify control of the US and world economies. For three years this paper has projected market manipulations underway that resulted in the near collapse of world economies. From the sub-prime mortgages to oil and commodity price manipulations, swaps and derivatives to a credit crash, a cascading series of unlikely events sent the world to the brink of economic disaster.
In the process regulatory agencies were proven to be toothless when it came to enforcement, Congress was inept in identifying problems or solutions, hundreds of millions of dollars were poured into political campaigns from Obama to our congressional leaders while behind the scenes the puppet masters were busy carrying out the script. This week the long awaited bank stress test results were released and surprise, surprise, JP Morgan and Goldman Sachs continue to separate themselves from the rest of the world.
The world economy may have been on the precipice of disaster but these two companies benefited in ways it will take years to assess and one has to wonder why? If you followed the series of articles in the Coltons Point Times you would have known. You can see the index of the Economic articles in the recent past at the Coltons Point Times http://coltonspointtimes.blogspot.com/ .
House of Rothschild Family Crest
Let's examine where we are today. First, the Rothschilds control JP Morgan as they have for most of the past century along with an astounding number of major banks, brokers and corporations around the world. Then it is no surprise that in terms of the Market Cap on investment banking institutions in America JP Morgan stands alone with over $130 billion. They along with Goldman also had the highest ratings in the bank stress test and do not need any additional capital.
Behind Morgan comes Wells Fargo $99.16 billion (Warren Buffett is a substantial investor), Bank of America $69.39 billion but dropping, and Goldman Sachs at $64.37 billion (Warren Buffett is also a savior of that bank). Bank of America was the worst of all banks but not bad all the same and Wells does need to raise some capital.
How about the stock prices the past year. JP Morgan lost 27.8% of value, Goldman Sachs lost 31.6% of value and Wells Fargo lost 22.5% of value. All outperformed the markets which are still down about 40-42%. In the banking sector Bank of America lost 73.6% of value and Citigroup lost 87.3% of value. Most important, since Obama got elected our golden boys JP Morgan and Goldman both more than doubled in value to lead the economic rebound.
During the past year virtually all the competition to the golden buys disappeared, Bear Stearns, Merrill Lynch and Lehman Brothers were wiped out, companies that were founded in 1923, 1914 and 1850. All other major competitors were left broken like Bank of America and Citigroup.
Goldman probably owes it's survival to the fact it has long served as a front or partner with JP Morgan, meaning the Rothschild empire, just as the JP Morgan company survived by being a front for the Rothschild family. While Morgan has a market cap of over $130 billion, the Rothschild fortune is estimated to be as high as $200 trillion, not billion. That is more than the annual budgets of every nation on earth, actually more than every nation's budget on earth combined. The largest budget by far is the USA at $3.44 trillion with $11.2 trillion in debt, pocket change to the Rothschild family.
If the Rothschilds are the puppet masters of the world Goldman is their star puppet being in the forefront of every major financial catastrophe in recent history and benefiting each time. They secretly backed Obama well before he was a candidate for President and have been getting dividends on their investment ever since.
Both Morgan and Goldman got billions in bank bail out money from the last Administration, approved by Congress and approved by Senator Obama. Neither needed or ever used it. Since becoming President Obama gave billions to bail out AIG and AIG turned around and paid off billions in debt owed to Morgan and Goldman. How do these things happen under the very nose of Congress and federal regulators?
Look at the record of where former Goldman executives have settled. Here is just a partial list and it makes you wonder if Goldman Sachs is controlling Wall Street and Washington?
Henry H. Fowler - 58th United States Treasury Secretary (1965-1969)
Robert Rubin - Former United States Treasury Secretary, ex-Chairman of Citigroup.
Henry Paulson - Former United States Treasury Secretary.
Edward Lampert- Hedge Fund Manager of ESL Investments. Brought K-Mart out of Bankruptcy in 2003
Joshua Bolten - former White House Chief of Staff
Erin Burnett - CNBC Host
Jon Corzine - Governor of the State of New Jersey.
Michael Cohrs - Head of Global Banking at Deutsche Bank
Emanuel Derman - Author of My Life as a Quant and co-developer of the Black-Derman-Toy
model
Jim Cramer - founder of TheStreet.com, best selling author, and host of Mad Money on CNBC
Ashwin Navin - President and co-founder of BitTorrent, Inc.
Abby Joseph Cohen - Perma-bull market forecaster formerly of Drexel Burnham Lambert
George Herbert Walker IV - member of the Bush family and current managing director at Neuberger Berman
Robert Zoellick - Uniteed States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President.
Mark Carney - Current Governor of the Bank of Canada
Michael D. Fascitelli - President & Trustee of Vornado Realty Trust
Neel Kashkari - Assistant Secretary of the Treasury for Financial Stability
Charlie Haas - Wrestler, who is working for World Wreestling Entertainment
Malcolm Turnbull - Australian politician, currently the federal leader of the Liberal Party of Australia
John Thain - former Chairman and CEO, Merrill Lynch, and former chairman of the NYSE.
Thain was replaced at the NYSE by Goldman veteran Duncan Niederauer.
Thain was replaced at the NYSE by Goldman veteran Duncan Niederauer.
Robert Steel - Chairman and President, Wachovia Bank.
Reuben Jeffery III, Under Secretary of State for Economic, Business and Agricultural Affairs (2007-)
Romano Prodi, Prime Minister of Italy twice (1996-1998 and 2006-2008) and President of the European Commission (1999-2004)
Mario Draghi, governor of the Bank of Italy (2006- )
Massimo Tononi, Italian deputy treasury chief (2006-2008)
Goldman just hired former Barney Frank staffer Michael Paese to be top Washington lobbyist.
This position was formerly held by Mark Patterson, the current chief of staff at the Treasury.
Tim Geithner, Obama Secretary of Treasury was mentored by Gerald Corrigan, a former New York Fed president and current partner and managing director of the Office of the Chairman of Goldman Sachs. Geithner’s replacement as president of the New York Fed, William C. Dudley, is also a former Goldman executive
Ed Liddy, who the government appointed as CEO of AIG was Goldman’s vice chairman
Akshaya Prasad has left Goldman's and joined investment company Greater Pacific Capital as co-head of their Indian business.
Of course these high-level appointments are probably just coincidental. Just as it was probably coincidental that on September 15, 2008, then New York Fed president Tim Geithner pressed for AIG’s biggest counterparty, Goldman Sachs, to help the insurer raise capital after it became clear that AIG was at risk of going bankrupt. And that on the same day Goldman’s current CEO, Lloyd Blankfein, was at the New York Fed. And that Goldman ended up in receipt of about $12 billion in tax dollars thanks to AIG’s wholesale credit-default swap and after the government bail out.
Just today we learned that the chairman of the Federal Reserve Bank of New York, Stephen J. Friedman, abruptly resigned on Thursday, days after the Wall Street Journal raised questions about his ties to his former employer, Goldman Sachs.
Mr. Friedman, who led or co-led Goldman from 1990 until 1994 and remains a director, was chairman of the New York Fed at the same time. He also held a substantial stake in the firm as the Federal Reserve drew up plans to keep Wall Street’s banks afloat.
Because the New York Fed approved a request by Goldman to become a bank holding company, the chairman’s involvement in Goldman was a violation of Fed policy, The Wall Street Journal reported. The New York Fed had asked for a waiver, which, after about two and a half months, the Fed granted, the newspaper said. During that time, Mr. Friedman bought 37,300 more Goldman shares, which have since risen $1.7 million in value.
In fact the control of the Rothschilds and Goldman are so complex the following is a chart tracking some of the Goldman connections.
As the world economy improves which it must for the golden boys to benefit maybe you should look carefully at our politicians and Wall Street executives and look closely for the puppet strings from the real Master.
.
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Tuesday, June 10, 2014
Pope Francis Continues his assault on Global Capitalism - the Many Sides to the People's Pope
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When he took over as head of the Roman Catholic Church last year, Pope
Francis made it clear that he meant to be the leader of a “poor church” –
meaning that the Vatican would focus less on its own splendor and more on
finding ways to use its vast financial resources to benefit the world’s poor.
It’s turning out to be more of a struggle than Francis may have expected; last week he found it necessary to fire all five directors of theVatican ’s Financial Information Authority –
essentially the primary financial watchdog over the Papal State ’s
considerable financial operations.
The announcement on Thursday was only the most recent in a series of firings, replacements, and arrests that have rocked theVatican ’s
financial hierarchy. It turns out that for Francis, casting the moneychangers
out of the Temple
has proven to be a time-consuming task.
Last summer, a number of senior officials with the Vatican Bank resigned around the time that one of its senior accountants, Monsignor Nunzio Scarano, was arrested and charged with conspiring to smuggle more than $20 million fromItaly to Switzerland . Scarano, reportedly
known in Rome as “Monsignor 500” for his habit of displaying a wallet full
of €500 notes, has since been charged with multiple other offenses, including
money laundering.
In January, Francis fired four out of the five cardinals on the commission overseeing the bank, known as the Institute for Works of Religion, or IOR in its Italian acronym. Supposed to serve only priests, nuns, and religious orders, the Vatican Bank has been implicated in money laundering schemes and other illegal activity. Francis made it clear that he was open to closing down the bank completely.
In February, by Papal edict, he laid out multiple new transparency requirements for theVatican ’s
financial arm, and created a new Secretariat for the Economy, meant to act as
an auditor general for the Vatican .
The following month, he indicated that the Vatican Bank would survive, though
in a vastly different form, as a large number of accounts not related to its
central mission were shut down.
The edict, though, has not cleaned out all of the old guard who have made theVatican ’s
financial system a laughingstock among law enforcement professionals and a
haven for criminals.
Last week’s announcement came after Swiss money laundering expert René Brülhart, who was named to head the Financial Information Authority, complained that he was being obstructed by the board – made up of five Italians with connections to theVatican ’s
old guard.
In years past, it might have been Brülhart, at one point the head ofLiechtenstein ’s
respected Financial Intelligence Unit, who found himself out on the
street.
To Francis’s credit, there is a new board on its way in oversee the Vatican’s financial watchdog Its makeup is remarkable only because of its international nature: it’s made up of four international experts, including former financial regulators – one from the U.S., one from Switzerland, one from Singapore and a fourth from Italy. It is also notable that the Italian member is a woman, insurance executive Maria Bianca Farina, making her one of the few women with significant authority in theVatican .
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The People's Pope has
stayed true to his message of social justice and continued to say capitalism as
it is practiced today is a manipulation by the rich to control the lives of
everyone else. It is a message that
undermines the flamboyant living of a number of Bishops of the Church, a number
of whom have already sold off million dollar estates.
More important, it is a direct
challenge to the political leaders of America to stop protecting the rich
and start caring for the middle class and poor. It seems odd that all those defenders of the
people running for and holding political office are pretty much silent when it
comes taking on capitalism.
Capitalism is not
protected by our Constitution and did not even exist when our nation was
founded in this country. It evolved over
time and as it became more and more of a force in the evolution of America those
practitioners of capitalism seemed to create their own creed, their own
constitution and their own priorities far disparate from those of our
Declaration of Independence and Constitution.
Where our nation was
founded on equal opportunity and individual freedom, capitalism was based on
greed, power, accumulation and control. Once upon a time our nation was the model for
the world in terms of social justice and the good of the people was the goal of
the nation and it led us into combining charity and government assistance into
housing, medical practices, transportation, education and agriculture practices
that transformed our country and was a beacon to the world.
But somewhere along the
line serving the public good fell victim to the greed driven obsession of
wealth, power and control. It wasn't
enough to have more money than everyone else, it became fashionable to protect
your own wealth by denying it to others.
Our institutions of
commerce became more and more exclusive until financial vehicles like the stock
markets were thoroughly corrupted with the blind complicity of our very own
government. Corruption has seeped into
nearly every aspect of capitalism from financing to banks, to markets, to manufacturing,
distribution, sales, quality control and you name it.
The government, federal,
state and local, became the way to legitimize corruption and all it took was the
rich setting aside a small percentage of the trillions of dollars in our
economy to lobby politicians, set up kickbacks, insider trading deals,
political campaign contributions, arms deals and you name it as long as tax
dollars were used and there were no restrictions on bonuses whether corporate executives
or government employees.
When the dark side takes
hold the talons run deep, straight to the heart, and both those people who were
participating in corruption and those who were ignoring corruption became the normal,
not the exception to the rule.
Total it takes a Pope from
South America to point out the obvious to Americans because those here in America
responsible for what goes on are caught up in the game and long ago lost their
moral compass.
Long ago Jesus Christ went
ballistic when he found the merchants peddling their wares in the Temple and he drove them
away. There is no Jesus today and
instead of a Temple
we have a nation that is full of corrupt and unethical practices. Maybe instead of trying to fix economic
problems caused by greed we should eliminate the instruments of evil used to
cheat the people through capitalism and restore individual rights, freedom and
equality.
As for the Pope, well he
practices what he preaches. Just check
out the next article about how he has cleaned house in the Vatican Bank, a
corrupt partner to the American banking system. If only our elected representatives had the
same guts for protecting the people. Maybe
the multi-million dollar bonuses earned by defrauding the American people and
triggering a worldwide recession won't happen again.
Pope Francis Fires His Bankers…Again
By Rob Garver
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Pope Francis Fires His Bankers…Again
It’s turning out to be more of a struggle than Francis may have expected; last week he found it necessary to fire all five directors of the
The announcement on Thursday was only the most recent in a series of firings, replacements, and arrests that have rocked the
Last summer, a number of senior officials with the Vatican Bank resigned around the time that one of its senior accountants, Monsignor Nunzio Scarano, was arrested and charged with conspiring to smuggle more than $20 million from
In January, Francis fired four out of the five cardinals on the commission overseeing the bank, known as the Institute for Works of Religion, or IOR in its Italian acronym. Supposed to serve only priests, nuns, and religious orders, the Vatican Bank has been implicated in money laundering schemes and other illegal activity. Francis made it clear that he was open to closing down the bank completely.
In February, by Papal edict, he laid out multiple new transparency requirements for the
The edict, though, has not cleaned out all of the old guard who have made the
Last week’s announcement came after Swiss money laundering expert René Brülhart, who was named to head the Financial Information Authority, complained that he was being obstructed by the board – made up of five Italians with connections to the
In years past, it might have been Brülhart, at one point the head of
To Francis’s credit, there is a new board on its way in oversee the Vatican’s financial watchdog Its makeup is remarkable only because of its international nature: it’s made up of four international experts, including former financial regulators – one from the U.S., one from Switzerland, one from Singapore and a fourth from Italy. It is also notable that the Italian member is a woman, insurance executive Maria Bianca Farina, making her one of the few women with significant authority in the
Tuesday, May 13, 2014
The Games People Play Part 4 - Voodoo Economics - Who Loses?
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Oh the Games People Play Now
Oh the Games People Play Now
Every night and every day
now
Never meaning what they
say now
Never saying what they
mean now
Where is Dr. Who when you
need him? We gotta get out of this
place...
There are a few things
they forgot to teach us in Economics 101 and they have nothing to do with
algorithms, exchange rates, return on investment or earned income. You see, basic economics is a mathematical
function but the underlying factor in American Capitalism has nothing to do
with mathematics.
Our system of capitalism
has fallen into the age old trap of being controlled by ethics and morality
rather than math tables and the masters of capitalism are those who manipulate
the system for only one purpose, the accumulation of wealth and the power that
comes with it.
Once upon a time in America there
was such a thing as a fair and relatively honest system but it has long been
banished to the land of fairy tales and mythology as if it never really existed
in the first place.
Now we eat, sleep and
dream the lies that have been implanted in us as if we never knew better in the
first place. Economics must be derived
from the word control because that is what it is all about and because control
is what the 1% of the population have over all the money earned by the 99% .
In my studies and
experience over the years there are a handful of guiding principles I found in
all those who make their fortunes on the backs of the middle class.
1. OPM - Always use "Other People's Money"
to make money.
2. DOY - Always make the little people "Dependent
On You".
3. DTBS - Always "Dazzle
Them with Bull Shit" to keep them confused.
4. WCF - Always "Work to Create Fear"
to keep people in line.
As a result, if we have
any disposable income, money we don't need to survive, we invest it in the
stock markets based on the promise to grow your portfolio. Then, as a card-carrying member of what I
call the Raggedy People, we are
denied the right to buy new stock issues at the offering price.
Nor are we allowed to have
our money invested by the massive computer generated strategies of the super
rich (high frequency trading) in which they intercept your pension fund
strategy and beat you to the punch.
We are drowning in
financial news, analysis and misinformation.
What we need is a little truth.
Here is some.
On October 9, 2007 the Dow
Jones hit 14,164. By March 6, 2009 it
collapsed to 6,443, a loss of 54% of it's value. That is what happened to your investments and
pension funds other than your home equity which was also crashing.
As of today, May 13, 2014
it has risen to 16,715, an astonishing increase of 259% in just shy of 4
years. Ask yourself, do you now have
almost 3 times as much money from investments, or in your pension or 401k as
you did just 4 years ago?
As far as stocks, the
wealthiest 10% of Americans own 80% of all stock.
Just this year it was
reported that the wealthiest 1% of Americans possess 40% of the nation's wealth
while the bottom 80% possess 7% of the wealth.
The other 19% just below the super rich possess 50.5% of the nation's
wealth. As a result, the top 20% control
90% of all the nation's wealth.
Of course these are the
people sucking the stock market profits up.
So why invest in the
market - don't. You are only padding the
pockets of those who could care less about you.
And while you are at it demand that Congress protect the pension and
401k funds managed by the rich as these funds seem to make a lot less money
than the stocks owned by the people doing the managing.
It is too easy to use your
money to manipulate the market so the high frequency boys can steal a few
hundred million or billion dollars a day at your expense.
What can we do? Be aware of how you are being used. Keep abreast of the market fluctuations and
demand to know from your broker or pension manager why you aren't benefiting
just like the rich.
Pay attention to all the
things they say are right like inflation, are you really not seeing massive
increases in health care and food, and wild changes in gasoline? How could we be at a 1-2% inflation when the
price of meat can double?
The unemployment rate is
down but not because of economic recovery but because millions of people have dropped out of the labor force
because they can't find jobs.
In America all
people are entitled to equal opportunity but when it comes to capitalism that
is far from the truth. Demand answers to
how your money is being manipulated. Demand now before it is too late.
.
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