Tag Archives: Wall Street

Jim Hightower ~ Put A Pitchfork In It

“In the past 30 years, power elites (including you) drastically increased your share of America’s income by taking income from the middle class and the poor. Did you think we wouldn’t notice?” J Hightower

jimHightowerLloyd Blankfein is very concerned about income inequality. With his face reflecting both worry and perplexity, he recently called inequality “very destabilizing.”

Blankfein’s concern doesn’t come from the perspective of one experiencing inequality from the bottom of the income ladder — he’s certainly not an Occupy Wall Street sort of guy. In fact, he basically is Wall Street.

Having amassed a personal fortune of nearly half-a-billion bucks during his years at Goldman, he’s literally become a gold man. But in a June 13 CBS interview, Blankfein wrinkled his brow and uttered a very un-Wall Street, populist-like thought: “Too much of the (wealth) of the country has gone to too few people,” he said, adding that when that happens, “you’ll have an unstable society.”As the big banana at the financial gambling house Goldman Sachs, Blankfein raked in a stunning $23 million for his wheeling and dealing last year. Under his leadership, the bank grabbed a $13 billion bailout from us taxpayers in 2008. Continue reading

Jon Rappoport ~ One Day In 1913, Woodrow Wilson Had A Shocking Thought

“The shadow power Wilson refers to are the “framers of reality” for the masses.” ~J Rappoport

WoodrowWilsonPresident Woodrow Wilson was one of those men who saw a horrible danger to his country, looked it in the eye, and decided that, instead of trying to decentralize and dismantle that overarching power, he would hope against hope that greater cooperation among leaders of nations would bring sanity and peace and freedom of the individual.

Of course, he was wrong.

Wilson knew he was entangled with those very powers that were destroying the best of what American stood for.

Nevertheless, no modern President has made more revealing comments on the existence and nature of the shadow government, the real rulers of America.

This was his 1913 thought:

“…the control of credit…has become dangerously centralized…The great monopoly in this country is the monopoly of big credits. So long as that exists, our old variety and freedom and individual energy of development are out of the question.

“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.

“This is the greatest question of all, and to this statesmen must address themselves with an earnest determination to serve the long future and the true liberties of men. This money trust, or, as it should be more properly called, this credit trust, of which Congress has begun an investigation, is no myth; it is no imaginary thing. Continue reading

Pam Martens ~ Shhh. Don’t Wake Congress. Let Them Sleep Through the Next Wall Street Crash

“There is unassailable evidence that the U.S. stock exchanges which previously functioned as self-regulators to police their own members have turned into brothels (as the New York Post put it) with a pay-to-play business model.” ~P Martens

Congress_MarkTwainTwo Senate subcommittees held critically important hearings last week so Senators could gauge first hand the level of corruption and self-dealing on Wall Street and 72 percent of the members of those committees failed to show up. Missing in action were Senators Chuck Schumer, Bob Corker, Dick Shelby, David Vitter, Tom Coburn, Tammy Baldwin, and Rand Paul, among many others.

Failure to show up for committee or subcommittee hearings has been tolerated far too long in the U.S. Senate as we reported two years ago when not one member of an 18-member subcommittee, other than the chairman, showed up for a hearing on the failing initial public offering process on Wall Street. It is understandable that Gallup’s new poll last week showed that confidence in Congress has just hit an all-time, historic low of 7 percent.

So while the Senate debated why the American public has lost confidence in Wall Street, which is experiencing the lowest individual stock participation rate in 16 years, it has never occurred to most Senators that the public’s loss of confidence in Congress to properly regulate Wall Street might factor into that equation. Continue reading

David Quintieri Discusses The $5 Trillion Annual Silver Market Fraud [Audio]

David Quintieri, author of the Money GPS joins me to discuss the collapse of the international banking and monetary systems. We also cover the great Wall Street silver fraud in detail.

According to Bloomberg the “silver market” is a “$5 TRILLION DOLLAR market”. However, given that we know that only 700-800 million ounces of physical silver are mined from the ground every year, the actual gross silver market is at best worth $15-20 Billion a year! Bloomberg is admitting that the great Wall Street silver paper ponzi market is at least 250 times larger that the actual physical market… annually . Please share this one.

David’s sites:

SF Source SGTreport.com  June 23 2014

Guy Evans ~ Deconstructing Edward Bernays’ ‘Propaganda’ (Part 5)

“If you turn on a television set, you see in one minute that the goal of advertising is to create uninformed consumers making irrational choices.” ~Noam Chomsky

EdwardBernaysGuy Evans examines Chapter 5 of Edward Bernays’ ‘Propaganda’. Chapter 5 features several recurring topics; notably, aspirational culture, the manufacture of new customers, and controlling the public mind.

Guy looks at each of these key themes, and with the help of Mad Men‘s Don Draper investigates the strength of the emotional connection between ourselves and the products that we buy.

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Chapter 5 Transcript – “Business And The Public”

THE relationship between business and the public has become closer in the past few decades. Business to-day is taking the public into partnership. A number of causes, some economic, others due to the growing public understanding of business and the public interest in business, have produced this situation. Business realizes that its relationship to the public is not confined to the manufacture and sale of a given product, but includes at the same time the selling of itself and of all those things for which it stands in the public mind.

Twenty or twenty-five years ago, business sought to run its own affairs regardless of the public. The reaction was the muck-raking period, in which a multitude of sins were, justly and unjustly, laid to the charge of the interests. In the face of an aroused public conscience the large corporations were obliged to renounce their contention that their affairs were nobody’s business. If to-day big business were to seek to throttle the public, a new reaction similar to that of twenty years ago would take place and the public would rise and try to throttle big business with restrictive laws. Business is conscious of the public’s conscience. This consciousness has led to a healthy cooperation. Continue reading

Pam Martens & R Martens ~ Citigroup’s Dark Pools: Here’s Why the Public Doesn’t Trust Wall Street

“The ability to rig markets is always so much easier in the dark. And until Congress brings sunshine into the nether world of Wall Street’s dark pools, public confidence is not coming back any time soon.” ~P & R Martens

CitigroupJigsawPuzzle

In 2008, the sprawling global bank, Citigroup, created under the controversial repeal of the Glass-Steagall Act, blew itself up with toxic debt hidden in the dark in the Cayman Islands in an exotic framework called Structured Investment Vehicles or SIVs. The unwilling taxpayer was forced into servitude to bail out this hubris that had occurred at the hands of captured regulators, infusing $45 billion in equity, over $300 billion in asset guarantees, and $2.5 trillion in below-market loans.

At the time of its implosion, Citigroup had over 2,000 subsidiaries, affiliates or joint ventures, many of which operated in the dark in foreign locales.

Flash forward to today: in March, the Federal Reserve said Citigroup had flunked its stress test and the Fed prevented it from boosting its dividend. (The so-called stress test is how the Fed measures a mega bank’s ability to withstand a major economic upheaval.) In rejecting Citigroup’s capital plan for 2014, the Fed said that Citigroup “reflected a number of deficiencies in its capital planning practices, including in some areas that had been previously identified by supervisors as requiring attention, but for which there was not sufficient improvement. Practices with specific deficiencies included Citigroup’s ability to project revenue and losses under a stressful scenario for material parts of the firm’s global operations.”

Most Americans, and, sadly, members of Congress, believe that Citigroup is the parent of all those branch banks holding FDIC-insured deposits across America and bearing that angelic red halo over the word “Citi.” But Citigroup is far more than that. Continue reading

Jim Willie ~ We Are Losing our Country [Video]

“London and Frankfurt are being set up to become RMB hubs.  That stands for renminbi, which means the peoples’ money. . . . So, China is setting up London and luring them into becoming an RMB hub to do Chinese government bond trading.  London loves it.  They are a financial center.  I believe China is doing that to splinter off support for NATO activity against Russia.”  ~J Willie

Financial newsletter writer, Dr. Jim Willie, says,“The dollar is ready to die . . . I think the funeral march starts this year.  I have been saying the year is not going to close out the way it started.”  What will Americans increasingly see coming as the dollar crisis picks up speed?  Dr. Willie says, “I think they are going to see pink slips from their employers.  I think they are going to see higher prices for fuel and food.

I think they are going to start to see advertisements for jobs from Chinese run companies on U.S. soil.  We are losing our country.  I think we have already lost our country. . . . We’re going to lose our ability to make decisions independently now.  When decisions are made on various fronts, I think we consult the Chinese.  I think the Chinese have been consulted regarding the Ukraine action.  I think the Chinese have pretty much ordered the divorce between the Saudis and the United States.  We are losing control of our country.” Continue reading

Guy Evans ~ Deconstructing Edward Bernays’ ‘Propaganda’ (Part 3)

“A presidential candidate may be ‘drafted’ in response to ‘overwhelming popular demand’, but it is well known that his name may be decided upon by half a dozen men sitting around a table in a hotel room.” – Edward Bernays

EdwardBernaysGuy Evans examines Chapter 3 of Edward Bernays’ seminal text ‘Propaganda’. In this chapter, ‘The New Propagandists’, Bernays characteristically boasts that the public are not aware of the ‘invisible rulers’ that control elected figureheads behind the scenes. He suggests that public opinion must be molded by the ‘intelligent few’, and argues that in many aspects of our daily lives, we are influenced by deceptive trend-setters that manipulate our desires and cause us to make uninformed, irrational choices. Enjoy the podcast and share with a friend!

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Smells Like Human Spirit is a DAILY podcast that covers society, culture, and everything in between! Previous guests include Professor Noam Chomsky, Dan Carlin, Michael Ruppert and many others…

Chapter 3 Transcript – “The New Propagandists”

Propaganda

WHO are the men who, without our realizing it, give us our ideas, tell us whom to admire and whom to despise, what to believe about the ownership of public utilities, about the tariff, about the price of rubber, about the Dawes Plan, about immigration; who tell us how our houses should be designed, what furniture we should put into them, what menus we should serve on our table, what kind of shirts we must wear, what sports we should indulge in, what plays we should see, what charities we should support, what pictures we should admire, what slang we should affect, what jokes we should laugh at? Continue reading

Pam Martens ~ Eric Cantor Loses: Goldman Sachs, Blackstone, Citigroup & NYU Board Weep

NYU  has received withering criticism by both its faculty and the media for turning itself into a corporate model of obscene perks while students suffer under one of the highest rates of tuition in the nation and crushing student debt that has a decidedly unsavory odor to it.” ~P Martens

CantorTeapartyCartoonEric Cantor’s campaign may have eaten its way through $168,000 of steak dinners but big players on Wall Street are eating crow.

Between 2000 and 2007, Goldman Sachs’ Chairman and CEO, Lloyd Blankfein, personally stuffed $73,500 into the Democratic Senatorial Campaign Committee to help elect Democrats to Federal office. But by 2012, Blankfein had decided that “Every Republican is Crucial” and gave just defeated Virginia Republican and House Majority Leader Eric Cantor’s leadership PAC by the same name $5,000 in 2012 and another $5,000 in 2013. In addition, Blankfein gave the Cantor Victory Fund $10,200 on December 6, 2013 according to receipts at the Federal Election Commission.

In the 2013-2014 election cycle, Goldman Sachs’ employees and/or their family members gave a total of $88,500 to Cantor’s leadership PAC – which sluices money to Republican candidates around the country – and another $16,600 to Cantor’s campaign according to the Center for Responsive Politics.

Cantor’s “Every Republican is Crucial” leadership PAC (which goes by the acronym ERIC PAC) says on its web site that it is “determined to take our country back, House district by House district.” With the House Majority leader now soundly defeated in Tuesday’s primary in Virginia by an upstart economics professor supported by the Tea Party, David Brat, who took 56 percent of the vote and sprinkled his speeches with the phrase “crony capitalism,” Wall Street money may not be able to travel from Gotham across state lines as effectively as it once did. Continue reading