TIME TO DEAL WITH REALITY?
AMERICA UNRAVELS:
The Road to Revolution or Civil War
II
“Behind this year’s surge is a toxic mix of cuts
to social services, unemployment,
hopelessness…”
BEFORE HIS FIRST DAY IN THE WHITE HOUSE, BARACK
OBAMA HAD ALREADY SUCKED IN MORE BRIBES FROM
BIG BANKSTERS THAN ANY PRESIDENT IN HISTORY....
AND THEY ENJOYED 8 GOLDEN YEARS OF
UNFETTERED PLUNDER OF THE AMERICAN PEOPLE!
IN KEEPING WITH OBAMA'S PROMISE, NOT ONE WENT
TO PRISON! BOTH OF OBAMA'S ATTORNEY GENERALS,
ERIC HOLDER AND LORETTA LYNCH WERE HAND
PICKED BY OBAMA'S CRONY BANSTERS TO MAKE SURE
THEY DIDN'T. BOTH WERE FROM THE BANKSTER
SECTOR.
"JP Morgan Chase was fined billions of dollars in the
aftermath of the 2008 crisis for multiple violations of bank
regulations and laws, including fraudulent sub-prime
mortgage deals that contributed to the collapse of the US
housing market in 2007. A frequent visitor to the Obama
White House, Dimon was for a time known as “Obama’s
favorite banker."
Wikileaks exposes Obama’s bankster-infested
administration!
“Citigroup’s recommendations came just
three days after then-President George W. Bush signed into law the
Troubled Asset Relief Program, which allocated $700 billion in taxpayer
money to rescue the largest Wall Street banks. The single biggest
beneficiary was Citigroup, which was given $45 billion in cash in the
form of a government stock purchase, plus a $306 billion
government guarantee to back up its worthless mortgage-related assets.”
MUCH MORE HERE:
“As president, Obama not only
funneled trillions of dollars to the banks, he saw to it that not a
single leading Wall Street executive faced prosecution for the orgy of speculation and
swindling that led to the financial collapse and Great Recession, and
he personally intervened to block legislation capping executive pay at bailed-out
firms.”
“So
when Clinton was hobnobbing with Goldman Sachs CEO Blankfein in 2013,
while investigations of wrongdoing by Goldman and the other
Wall Street banks were still ongoing, she was consorting with a man
who belonged in prison.”
By Barry Grey
4 February 2017
4 February 2017
President Donald Trump signed executive
directives on Friday initiating a sweeping rollback of regulations on banks and
financial brokers enacted under the Obama administration following the Wall
Street crash of 2008.
Trump’s actions target in particular the 2010
Dodd-Frank bank regulations and a Labor Department rule set to take effect in
April requiring financial advisers to put the interests of retired clients
before their own monetary rewards.
The billionaire president seemed to flaunt his
promotion of Wall Street’s interests, signing
the two measures after meeting in the White
House with his business council. The council
is chaired by Stephen A. Schwarzman, the
multi-billionaire chief executive of the private
equity giant Blackstone Group.
promotion of Wall Street’s interests, signing
the two measures after meeting in the White
House with his business council. The council
is chaired by Stephen A. Schwarzman, the
multi-billionaire chief executive of the private
equity giant Blackstone Group.
Among the dozen or so corporate executives in
attendance were Jamie Dimon, another billionaire,
who heads JPMorgan Chase, the largest US bank,
and Laurence D. Fink, the mega-millionaire chief of
the investment firm BlackRock.
attendance were Jamie Dimon, another billionaire,
who heads JPMorgan Chase, the largest US bank,
and Laurence D. Fink, the mega-millionaire chief of
the investment firm BlackRock.
“We expect to be cutting a lot out of Dodd-Frank
because frankly, I have so many people, friends of mine that had nice
businesses, they can’t borrow money,” Trump said during his meeting with the
corporate bosses. He praised Dimon, who has bitterly campaigned against the
Dodd-Frank law. JP Morgan Chase was fined billions of dollars in the aftermath
of the 2008 crisis for multiple violations of bank regulations and laws,
including fraudulent sub-prime mortgage deals that contributed to the collapse
of the US housing market in 2007. A frequent visitor to the Obama White House,
Dimon was for a time known as “Obama’s favorite banker.”
“There’s nobody better to tell me about
Dodd-Frank than Jamie,” Trump declared.
Trump also had high praise for Fink, touting
BlackRock’s management of Trump money for earning “great returns.”
Nothing could more clearly expose the farce of
Trump’s pretensions to be a champion of the American worker.
Wall Street celebrated the attack on financial
regulations with a stock buying spree focused on bank and financial shares.
The biggest winners were JPMorgan, Goldman Sachs and Visa on a day that saw the Dow surge 186 points to recoup recent losses.
It closed once again above the 20,000 mark, ending at 20,071. The Standard & Poor’s 500 and Nasdaq indexes also recorded big gains, with the Nasdaq ending the trading session in record territory.
The biggest winners were JPMorgan, Goldman Sachs and Visa on a day that saw the Dow surge 186 points to recoup recent losses.
It closed once again above the 20,000 mark, ending at 20,071. The Standard & Poor’s 500 and Nasdaq indexes also recorded big gains, with the Nasdaq ending the trading session in record territory.
Trump’s assault on bank regulations is of a
piece with his moves to gut all legal and regulatory restrictions on corporate
profit-making. Since taking office two weeks ago, he has signed executive
orders mandating the lifting of regulations across the board, removed obstacles
to the construction of the Keystone and Dakota Access oil pipelines, and picked
long-time opponents of the Environmental Protection Agency, occupational health
and safety rules, and limitations on industrial and mining pollution to head
the federal agencies tasked with overseeing these activities.
The White House economic program—including sharp
tax cuts for corporations and the wealthy, an infrastructure program that
amounts to a tax windfall for private investors, a hiring freeze for federal
workers, and historic cuts in social programs such as Medicaid, Medicare and
Social Security—is the fulfillment of the wish list of America’s financial
oligarchy.
Trump and his aides have denounced the 2010
Dodd-Frank law as a “disaster” and an “overreach” of government authority, and
they have questioned its constitutionality. In fact, it is a largely token
measure passed mainly to provide political cover for Obama’s
multi-trillion-dollar bailout of Wall Street and the financial elite.
Under Obama, not a single leading banker
was prosecuted for the criminal activities
that led to the biggest financial disaster and
deepest slump since the 1930s, destroying
the jobs, life savings and living standards of
tens of millions of workers in the US and
around the world.
was prosecuted for the criminal activities
that led to the biggest financial disaster and
deepest slump since the 1930s, destroying
the jobs, life savings and living standards of
tens of millions of workers in the US and
around the world.
Despite the minimal restraints imposed by
Dodd-Frank,
during the Obama years bank profits soared, the wealth of
the richest 400 Americans increased from $1.57 trillion to
$2.4 trillion, the Dow rose by 148 percent, and the
concentration of income and wealth in the hands of the top
10 percent, and above all the top 1 percent and 0.01 percent,
reached historically unprecedented levels.
during the Obama years bank profits soared, the wealth of
the richest 400 Americans increased from $1.57 trillion to
$2.4 trillion, the Dow rose by 148 percent, and the
concentration of income and wealth in the hands of the top
10 percent, and above all the top 1 percent and 0.01 percent,
reached historically unprecedented levels.
But the financial oligarchy, whose grip on the
country increased under Obama, will brook not even minor limitations on its
“right” to plunder the American and world economy. The Obama years paved the
way for the emergence, in the Trump administration, of a government that
embodies the oligarchy not only in its policies, but also in its personnel,
beginning with the billionaire real estate speculator and reality TV star at
its head.
Besides Trump, at least three multi-billionaires
will occupy high posts in the administration, including Wilbur Ross, Betsy DeVos
and Carl Icahn. Mega-millionaires will include Stephen Mnuchin, Rex Tillerson,
Andrew Puzder, Elaine Chao and Gary Cohn, who gave up his number two post as
president of Goldman Sachs to become the director of Trump’s National Economic
Council.
Overseeing Wall Street as head of the
Securities and Exchange Commission
will be the longtime lawyer for
Goldman Sachs, Jay Clayton. In addition to Cohn, other Goldman alumni include Mnuchin and Trump’s top political adviser, Stephen Bannon.
Securities and Exchange Commission
will be the longtime lawyer for
Goldman Sachs, Jay Clayton. In addition to Cohn, other Goldman alumni include Mnuchin and Trump’s top political adviser, Stephen Bannon.
On Friday, Cohn told Bloomberg Television,
“We’re going to attack all aspects of Dodd-Frank.” He absurdly accused the law
of “shackling” US banks.
The White House could do “quite a bit” on its
own, he said, while making clear that the administration would work with the
Republican-dominated Congress to finish the job of ripping up bank regulations.
House Republicans are preparing to put forward a bill to replace Dodd-Frank in
the coming weeks.
Cohn singled out two provisions of the
Dodd-Frank law for particular attack. The first is the so-called Volcker Rule,
which restricts the ability of federally insured banks to make financial bets
on their own behalf, in what is known as “proprietary trading.” Such gambling,
including with depositors’ money, played a major role in the collapse of the
banking system in 2008. Wall Street banks, led by Goldman Sachs and JPMorgan,
have pushed relentlessly for the elimination of this provision.
The second provision is the Consumer Financial
Protection Bureau, a largely toothless body under the aegis of the Federal
Reserve Board that is tasked with shielding the public from the depredations of
the banks, credit card companies and other financial firms. Cohn indicated that
the White House might demand the resignation of its director, Richard Cordray, as
the first step in the bureau’s evisceration or outright elimination. “Personnel
is policy,” he said.
The second action Trump signed was a memorandum
instructing the labor secretary to delay implementation of the rule banning
financial advisers and brokers from recommending to their retired clients more
expensive investments for the purpose of generating greater returns to the
advisers. A 2015 report from the Obama administration concluded that
“conflicted advice” costs retirement savers $17 billion a year.
Even as Trump was issuing his executive
directives on Friday, Senate Republicans were voting to repeal a rule linked to
Dodd-Frank that requires oil companies to publicly disclose payments they make
to governments in connection with their business operations around the world.
Among those who lobbied against the Securities and Exchange rule was the new
secretary of state, Rex Tillerson, in his capacity as CEO of Exxon Mobil.
This amnesty for corporate bribery
and criminality reveals the essence of
the Trump administration’s scorched
earth campaign against business
regulations.
and criminality reveals the essence of
the Trump administration’s scorched
earth campaign against business
regulations.
The Democrats will do nothing to oppose these
policies. Their opposition to Trump is focused on differences over US
imperialist foreign policy, not opposition to his assault on the democratic and
social rights of working people.
But workers looking for an alternative to the
political establishment who may have entertained hopes in Trump’s promises to
restore decent-paying jobs will be rapidly disabused. The realization that they
have once again been conned will have socially explosive consequences.
FOLLOWING THE CRIMES OF BILL AND HILLARY CLINTON BECOMES AMERICA’S ROAD
TO REVOLUTION
http://mexicanoccupation.blogspot.com/2016/10/bill-and-hillary-clintons-global.html
Transcripts released by
WikiLeaks of Clinton speeches to Wall
Street bankers, for which she
received six-figure paychecks,
show her praising the
recommendations of the 2010 Simpson-
Bowles deficit-reduction
commission, which called for sweeping
cuts to Social Security,
Medicare and Medicaid; the elimination
of 200,000 federal jobs; a
tax on employees’
THE DEMISE AND ULTIMATE DESTRUCTION of HILLARY CLINTON
"Hillary Clinton is a known
liar, a criminal of monstrous proportions; others have gone to prison for
crimes she has committed over and over: lying to Congress, lying to the FBI,
violating national security laws by which she was bound as Secretary of State,
etc. It's a long list."
Clinton, the candidate favored by most of Wall Street and the corporate
elite and large sections of the Republican Party establishment, is seeking to
assemble something akin, within the framework of the US political setup, to a
grand coalition between the Democratic Party and the Republican leadership.
http://mexicanoccupation.blogspot.com/2016/10/clinton-preparing-bipartisan-government.html
Transcripts released by WikiLeaks of Clinton speeches to Wall Street
bankers, for which she received six-figure paychecks, show her praising the
recommendations of the 2010 Simpson-Bowles deficit-reduction commission, which
called for sweeping cuts to Social Security, Medicare and Medicaid; the
elimination of 200,000 federal jobs; a tax on employees’ health benefits; and
huge cuts in income taxes for the wealthy and corporate taxes.
CRONY
BANKSTER LOOTING OF
AMERICA
AMERICA
THEIR GOLDEN AGE OF PLUNDER IS
NOT OVER!
NOT OVER!
NO PRESIDENT IN HISTORY SUCKED IN MORE BRIBES FROM
BANKSTERS NOR INFESTED HIS ADMIN WITH BANKSTER
CRONIES MORE THAN OBAMA!
BANKSTERS NOR INFESTED HIS ADMIN WITH BANKSTER
CRONIES MORE THAN OBAMA!
And
while the Obama administration worked systematically to bail out the banks and
make the financial oligarchy richer than ever, shielding the architects of the
Great Recession from criminal prosecution, it did impose fines for some of the
banks’ grossest swindles, including the sale of worthless subprime
mortgage-backed securities, the rigging of key global interest rates such as
the London Interbank Offered Rate (Libor), drug money laundering, illegal home
foreclosures and other illicit activities.
BARACK OBAMA , HIS CRIMINAL
BANKSTERS AND THE
LA RAZA MEXICAN DRUG CARTELS….
LA RAZA MEXICAN DRUG CARTELS….
There’s more than one way to
destroy America’s white middle class!
HSBC laundered hundreds of
millions and perhaps billions of dollars for drug cartels responsible
for the deaths of tens of thousands of people over the past
two decades. The bank transferred at least $881 million of known drug
trafficking proceeds, including money from the Sinaloa Cartel in
Mexico, which is known for
dismembering its victims and publicly displaying their body parts.
THE IMPACT OF TRUMPERnomics
AND THE MASSIVE TRANSFER OF WEALTH TO THE SUPER RICH
AMERICA: One paycheck
and two illegals away from homelessness.
"The economists found that the pre-tax share of
national income received by the bottom half of the US population has been cut nearly
in half since 1980, from 20 percent to 12 percent, while the income share of the
top one percent has nearly doubled, from 12 percent to 20 percent."
TRUMPERNOMICS FOR THE SUPER RICH:
“In the US, the working class will confront a government unlike
any other in American history, which will continue and intensify a decades-long
social counterrevolution overseen by the Democrats and Republicans. The
incoming Trump administration is manned by billionaires, generals and arch
reactionaries. It is a government of, by and for the oligarchy, committed to
destroying every remaining gain won by workers over the past century.”
TRUMP
VOWS TO KEEP OBAMA’S
CRONY BANKSTERS LOOTING
CRONY BANKSTERS LOOTING
MNUCHIN:
THE FORECLOSURE MACHINE JOINS TRUMP'S GOLDMAN SACHS BANKSTER REGIME!
The FDIC paid OneWest $1 billion,
which Stein said went to “billionaire investors … to cover the close
of foreclosing on working class, everyday American folks.”
“But the bank came under fire for its foreclosure practices as housing
advocacy groups accused it of being too quick to foreclose on struggling
homeowners. In 2011, dozens of demonstrators descended on Mnuchin's $26.5
million home in he wealthy Bel Air neighborhood to protest OneWest's eviction
tactics, according to the Los Angeles Times.”
TRUMPERnomics:
AFTER
OBAMA-CLINTONIMCS, THE LOOTING OF AMERICA BY THE RICH TO CONTINUE UNDER THEIR
OWN, DONALD TRUMP
TRUMP
FILLS THE “SWAMP” WITH CRONY BILLIONAIRES!
"Far
from Trump’s demagogic claims that he would 'drain the
swamp,' the corrupt nexus between Wall Street and Washington is tighter than ever."
swamp,' the corrupt nexus between Wall Street and Washington is tighter than ever."
TRUMP VOWS TO SERVE THE RICH WITH
SUPER OBAMA-CLINTONIMICS
There is a vast chasm between this empty populist rhetoric
and the personnel that Trump has selected to populate his government. The
speech followed a series of cabinet picks, including billionaire asset
strippers, Wall Street bankers, and dedicated opponents of
financial and corporate regulations, public education and Medicare and
Medicaid, to lead the Treasury, Commerce, Education and Health and Human
Services departments.
TRUMP
IMPOSES OBAMA-CLINTONOMICS: Cut Federal Pensions and Medicare to Cover Tax
Cuts For the Super Rich
"Trump
is not the initiator of this class war against working people. It has been
underway for decades, beginning in earnest with the election of
Ronald Reagan in 1980 and continuing under every
succeeding administration, including the eight-year tenures of
Democrats Bill Clinton and Barack Obama. The colossal redistribution of
wealth and income from the bottom to the top of American society reached
record proportions under Obama, whose legacy of falling
living standards and worsening economic crisis for tens of millions
of workers was a decisive factor in the victory of the fascistic demagogue
and con artist Trump."
THE
TWISTED ROAD TO REVOLUTION CAME DOWN WALL STREET
FIRST
TRUMPERNOMICS
FOR THE SUPER RICH
"Between 2002 and 2015 annual
earnings for the bottom 90 percent of Americans rose by
only 4.5 percent, while earnings for the top 1 percent grew by 22.7 percent, according to the
Economic Policy Institute. Under the Obama administration, more than 90 percent of
income gains since the so-called “recovery” began have gone to the top one percent."
“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes. This is the way a great country is raided by its elite.” ---- Karen McQuillan THEAMERICAN THINKER.com
CRONY BANKSTER LOOTING OF AMERICA
THEIR GOLDEN AGE OF PLUNDER IS NOT OVER!
NO PRESIDENT IN HISTORY SUCKED IN MORE BRIBES FROM BANKSTERS
NOR INFESTED HIS ADMIN WITH BANKSTER CRONIES MORE THAN OBAMA!
And
while the Obama administration worked systematically
to bail out the banks and make the financial oligarchy richer
than ever, shielding the architects of the Great Recession
from criminal prosecution, it did impose fines for some of the
banks’ grossest swindles, including the sale of worthless
subprime mortgage-backed securities, the rigging of key
global interest rates such as the London Interbank Offered
Rate (Libor), drug money laundering, illegal home
foreclosures and other illicit activities.
to bail out the banks and make the financial oligarchy richer
than ever, shielding the architects of the Great Recession
from criminal prosecution, it did impose fines for some of the
banks’ grossest swindles, including the sale of worthless
subprime mortgage-backed securities, the rigging of key
global interest rates such as the London Interbank Offered
Rate (Libor), drug money laundering, illegal home
foreclosures and other illicit activities.
LUV FEST:
LIKE A WHORE AT AN ORGY…
HILLARY CLINTON and OBAMA’S CRONY BANKSTERS
http://mexicanoccupation.blogspot.com/2016/10/the-secret-life-of-hillary-clinton.html
“So
when Clinton was hobnobbing with Goldman Sachs CEO Blankfein in 2013,
while investigations of wrongdoing by Goldman and the other
Wall Street banks were still ongoing, she was consorting with a man
who belonged in prison.”
AMERICA’S TWISTED ROAD TO
REVOLUTION:
Fighting back Wall Street’s
Looting and Rule
http://mexicanoccupation.blogspot.com/2016/09/america-nation-ruled-wall-streets.html
SERVING THE SUPER RICH OFF MIDDLE AMERICA’S BACK:
The slow and painful death of America that
dominates American society."
http://mexicanoccupation.blogspot.com/2016/08/serving-super-rich-obama-clintonomics.html
OBAMA-CLINTONOMICS
FOR THE RICH:
On
behalf of bankster-owned Barack Obama, Yellen vows to the rich and crony
banksters that they will be protected and subsidized with no strings bailouts
during the next looming economic meltdown around the corner from elections.
“In fact, these policies have
already produced financial and
asset bubbles that are unsustainable, and there are increasing
signs of financial instability and crisis. There are growing
warnings that the spread of negative interest rates is leading
to a new financial meltdown even worse than the disaster
that struck eight years ago.”
asset bubbles that are unsustainable, and there are increasing
signs of financial instability and crisis. There are growing
warnings that the spread of negative interest rates is leading
to a new financial meltdown even worse than the disaster
that struck eight years ago.”
"The same period has
seen a massive growth of social inequality, with income and wealth concentrated
at the very top of American society to an extent not seen since the
1920s."
AMERICA THE HOME OF THE HOMELESS:
OBAMA-CLINTONOMICS AT WORK!
"The decline in homeownership is one sign of the deep
social crisis in the United States. As rents and housing costs have
soared, spurred on by financial speculation that has enriched the
ruling elites, incomes and jobs for most Americans have shriveled."
KAINE AND CLINTON-OBAMA’S CRONY BANKSTERS…. Has
their golden age of looting America only gotten brighter?
"Between 2009 and 2011,
Kaine served as the head of the Democratic National Committee, the leadership
body of the Democratic Party. He is close to Wall Street, having recently
backed measures to deregulate banks."
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