Tag Archives: Wall Street

Michael Krieger ~ Glenn Greenwald on Hilary Clinton: “Soulless, Principle-Free, Power Hungry…”

One attribute I like most about Glenn Greenwald is that he never pulls punches. One of his most prescient and cutting political lines came earlier this year when he made some observations on the upcoming 2016 Presidential election, in which two status quo, corrupt, bloodthirsty con-artists will compete for the Oval Office. While we don’t yet know which crony the GOP will put up, Hillary is pretty much a foregone conclusion for the Democrats. Greenwald observed:

HillaryClintonHillary is banal, corrupted, drained of vibrancy and passion. I mean, she’s been around forever, the Clinton circle. She’s a fucking hawk and like a neocon, practically. She’s surrounded by all these sleazy money types who are just corrupting everything everywhere. But she’s going to be the first female president, and women in America are going to be completely invested in her candidacy. Opposition to her is going to be depicted as misogynistic, like opposition to Obama has been depicted as racist. It’s going to be this completely symbolic messaging that’s going to overshadow the fact that she’ll do nothing but continue everything in pursuit of her own power. They’ll probably have a gay person after Hillary who’s just going to do the same thing.

You can read that and more in the post: Glenn Greenwald on the 2016 Elections – “They’ll Probably Have a Gay Person After Hillary.”

Well Greenwald is back, and this time he outlines exactly who’s excited about Hillary’s forthcoming run for the Presidency. Here are some excerpts from the Intercept:

It’s easy to strike a pose of cynicism when contemplating Hillary Clinton’s inevitable (and terribly imminent) presidential campaign. As a drearily soulless, principle-free, power-hungry veteran of DC’s game of thrones, she’s about as banal of an American politician as it gets. One of the few unique aspects to her, perhaps the only one, is how the genuinely inspiring gender milestone of her election will (following the Obama model) be exploited to obscure her primary role as guardian of the status quo. Continue reading

Wall Street, Money And The Merchant Class

“And Wall Street claims they are the Capitalists! Personal freedom is the ultimate casualty of this corrupt manipulation. The axis among the heirs of the House of Morgan, Corporate International and Federal Government, is the death of real business. With the demise of the Merchant Class, the last vestige of LIBERTY ceases to exist and the transition into an Empire of the ‘New Work Order’, becomes complete.” – Sartre

High premiums are being paid today not particularly for quality service or long-term building of a business but rather for making money quickly, getting rich, and getting out. And that’s wrong. – Willard C. Butcher

Wall Street, Money and the Merchant Class

WallStreetPigCapitalism is NOT Wall Street. In order to correctly comprehend the nature of the Free Enterprise system, one needs to understand the fundamentals of a business transaction. Real business requires that goods or services are purchased from a seller by a buyer, at a price that both agree upon. A tangible product, skilled service or intellectual property may qualify as an entity of substance. But when we closely examine the composition of equities, warrants, bonds, options, futures or derivatives; we enter a realm that falls outside the scope of normal business transactions.

Some will claim that a stock represents the equity ownership of a particular enterprise. In theory, that would be correct; but in practice the average shareholder has vitally no input into the management of a publicly traded company. A warrant is a right to exercise a future defined claim. Bonds are fixed promises to repay that trade in value as interest rates vary. An Option is the ability to buy or sell purchased at a strike price during a specified time period, for an agreed cost. Futures are leveraged speculation or hedged bets on price movements. And it’s anyone guess what a derivative is . . .

Wall Street was created ostensibly as an auction market for raising capital to finance new business ventures or additional funds to grow a company. The underlying value of the stock price of a company would trade as shareholders wager on the direction of the equity or changes in their needs. Bonds were sold as loans that companies have an obligation to pay and retire the debt. Warrants, options, futures and derivatives emerged as sophisticated methods of refining the general purpose of funding business endeavors.

As any investor knows, they assume the risk or loss of their capital when they gamble on any specific instrument in a financial venture. The Capital Markets offer no guarantee that profits are assured, and provide no pledge that losses will not result. Risk is always present. But the essential question is whether this culture of finance qualifies as legitimate business? Continue reading

Mediocrity of the Meritocracy

​”Mediocrity requires aloofness to preserve its dignity.” – Charles G. Dawes

MediocrityMany pundits have presented the case that society needs to reward the achiever. It is argued that the most talented should attain positions of authority, based upon their superior ability. The end result is the formation of a power structure of Elites – making the decisions, formulating policies and directing the organizations that carry out the plan. It is most difficult to quarrel with the notion that talent is not distributed equally, but it becomes a giant leap to conclude that the very attribute of aptitude, is the sole criteria that justifies positions of authority.

Democracy has failed miserably to ensure a Just society, but so has rule by a cadre of whiz kids. The problem with ALL attempts to design and implement social systems through central planning is that it ignores the dynamics of the market place of individual needs, aspirations and fears. Neither Government nor NGO Institutions have the ability to mold humanity to their conception of paradise. Only the accumulative interaction of countless individual dreams and nightmares, can set the course on this ‘ship of fools’. Mankind, by the nature of its common humanity, is unable to achieve perfection. Those who seek and scheme to be the architects of paragon, and those who lust and plot to be the regents of dominance, possess the same flaws.

‘Meritocracy’ attempts to establish a standard by which motivated crusaders can achieve success. Well, that’s fine and commendable if we could all agree upon the criteria for defining achievement. But society has such a varied view of significance in collective accomplishment, that consensus is virtually impossible. Continue reading

RT News ~ World News Links (August 28 2014)

Sub-glacial eruption of Iceland’s volcano forms row of ‘cauldrons’

A warning sign blocks the road to Bardarbunga volcano, some 20 kilometres (12.5 miles) away, in the north-west region of the Vatnajokull glacier August 19, 2014. (Reuters / Sigtryggur Johannsson)

A warning sign blocks the road to Bardarbunga volcano, some 20 kilometres (12.5 miles) away, in the north-west region of the Vatnajokull glacier August 19, 2014. (Reuters / Sigtryggur Johannsson)

Icelandic volcano activity increased on Wednesday, with scientists detecting 10-15 meters deep cauldrons of melted ice at the Vatnajökull glacier, prompting fears of an imminent eruption.

Icelandic scientists have detected a series of 10-15m deep cauldrons at Bardarbunga volcano glacier. They apparently are a result of melting following a sub-glacial eruption, the Icelandic Civil Protection Scientific Advisory Board reported. A surveillance flight over the surface of Vatnajokull has shown the cauldrons to be 1 km wide, located in a straight line some 4-6 kilometers south of the Bardarbunga caldera. Continue here . . .

Selected RT_News LInks

Pew Research: African-Americans think race relations have worsened under Obama

British Jews, Muslims issue joint call for peace

Ferguson aftermath: California city tells cops to get rid of armored vehicle

End occupation or face ICC: Palestine to ask UN set ‘timetable’ for Israeli withdrawal

ISIS: US-made monster running amok in Middle East

‘TTIP agreement is an attack on people, society and environment in both Europe and the US’

Carrots and sticks: New Iraq crisis is part of US agenda to target Syria and Iran

White House Press Secretaries have a history of avoiding questions – report

Childhood blues: English kids among world’s unhappiest

Black arts of banking: The higher rate dilemma

Cars in the US might soon be mandated to broadcast speed and location data

Over 60 Ukrainian troops cross into Russia seeking refuge

Space junkyard: New tech designed to combat dangerous trash in orbit

Rotherham child abuse: Crime commissioner urged to resign amid misconduct allegations

22 years for 100s of murders? Pablo Escobar’s favorite hitman walks free

Florida cops accused of beating driver for not rolling down his window all the way (VIDEO)

Danger, drones! Concerns as Amazon gets support over UAV delivery testing

SF Source RTNews

X22 Report ~ Episode 451 – August 26 2014 [Audio]

Central Bankers Sending In Drones To Map Out Targets In Syria

  • Argentina is collapsing and they just stopped Bank Of New York Mellon from operating.
  • Government confidence hits all time high, completely opposite from U Mich confidence.
  • Case Shiller reports housing prices are slowing and falling.
  • The Government is creating a “truthy” database system to monitor twitter to find anti-government speech.
  • British special forces arrive in Iraq.
  • Central bankers/US government sending in drones and surveillance equipment to Syria to map out targets to be used in bombing runs.
  • Obama administration says he doesn’t need congress approval. Be prepared for a false flag event.

All source links to the report can be found on the x22report.com site.

SF Source X22Report

RT News ~ World News Links (August 22 2014)

Clear some space! Russia to develop scavenger to collect cosmic debris by 2025

Most orbital debris is in low Earth orbit, where the space station flies. Image Credit: NASA

Most orbital debris is in low Earth orbit, where the space station flies. Image Credit: NASA

The Russian space agency is allocating around $297 million to design and construct a spacecraft that would clean circumterrestrial space of disabled communication satellites and upper-stage rockets currently cluttering up the geostationary orbit.

Roscosmos is ready to allocate 10.8 billion rubles (about $297 million) from 2016-2025 for the new mission: development of a space scavenger relieving terrestrial space of non-operating satellites and space exploration waste, Izvestia daily reported on Friday.

The announced tech specs of the future unmanned spacecraft, codenamed ‘Liquidator’, imply a weight of about four tons and the capability to get rid of at least 10 disabled satellites and rocket stages during a single mission that could last up to 6 months.

The ‘space cleaner’ will be able to run no less than 20 ‘cleaning missions’ during its 10-year lifespan, which means the elimination of up to 200 space objects, which obstruct new space vehicles and communication satellites. Continue reading . . .

Selected RT_News LInks

Veteran Russian nationalist demands Obama be stripped of Nobel Peace Prize

Solace for the struggling: E. Ukrainians without water, food crave Russian aid

Putin to Merkel: Further delays of aid delivery to Ukraine would have been unacceptable

User beware: Researchers have 92% success rate hacking into Gmail app

Banksters win again: BoA settlement with US govt allows Wall St fraudsters to ‘act with impunity,’ critics say

New York’s stop-and-frisk policy ineffective in recovering guns, stopping murders – report

3D printing drugs – New technology to revolutionize medical industry

Tel Aviv’s Islamic States crusader game plan is straight out of the Middle Ages

Serbia ready to start dairy deliveries to Russia in 2-3 weeks

Nobel prize winners: Eurozone recovery is ‘dismal failure’

Police lobbies pressure Congress to keep their military equipment

469 Gaza children killed, over 370,000 need ‘psychosocial aid’ – UNICEF

Clashes in Chile as thousands of students protest lagging education reform (PHOTOS, VIDEO)

SF Source RTNews