Income for the richest 1% grew 275% from 1979 to 2009. The financial crisis the media sold us is
holy fiction and assures the poor will never see justice. The global bankers now control more wealth
than any/all of the recognized nations on earth, and if they stumble so what, we the people are then
FORCED to bail them out!???

If any leader says fuck you for any reason he be fucked!


They have ALL the money on earth, the idea of "us" "bailing them out" is ludicrous. !!!!!!!!!!!!!!!!!!!!!
They just take the slave wages they previously gave us for our hard work,
and then laugh at the play they have set on the stage for their own enjoyment.

As far as the financial perpetrators were concerned there never was any financial crisis,
everything worked according to plan. The looting of the US and global public went right on schedule.
And WILL repeat.!! 500 trillion profit in black box unregulated global banking practices over just the last
decade makes the tens of billions in public debt and the 3 millions lives lost over Vietnam seem like nothing.

All because the gold standard was replaced by something with no checks and balances.

Politics Explained


A little boy goes to his dad and asks, "What is politics?"
Dad says, "Well son, let me try to explain it this way: I'm the
breadwinner of the family, so let's call me capitalism. Your Mom,
she's the administrator of the money, so we'll call her the
Government. We're here to take care of your needs, so we'll call you
the people. The nanny, we'll consider her the Working Class. And your
baby brother, we'll call him the Future.
Now, think about that and see if that makes sense,"

So the little boy goes off to bed thinking about what dad had said.
Later that night, he hears his baby brother crying, so he gets up to
check on him. He finds that the baby has severely soiled his diaper.
So the little boy goes to his parents' room and finds his mother sound
asleep. Not wanting to wake her, he goes to the nanny's room. Finding
the door locked, he peeks in the keyhole and sees his father in bed
with the nanny. He gives up and goes back to bed. The next morning,
the little boy says to his father,

"Dad, I think I Understand the
concept of politics now."

The father says, "Good son, tell me in your
own words what you think politics is all about."

The little boy replies,

"Well, while Capitalism is screwing the Working Class, the
Government is sound asleep, the People are being ignored and the
Future is in deep shit."

Bra-VO!

* Thrash stands and applauds the Tru gentleman from Ca *

Relax boys, I didn't write it.

Logical explanation of the financial crisis according to Reaganites and Keynesians:

"This would have never happened if the government were not regulating Wall Street."

Among others, this is the chief complaint I keep running into on the web, on radio, and on television. The Reaganites seem convinced that the Reagan administration was the cure-all for any financial crises. The story is: While mom and dad were toiling away in the 80s and early 90s trying to build up enough wealth to support their kids and save for retirement and college funds, the corporate elite were using deregulation to hyper-inflate their bank accounts and create investments where there were none. So by the time Junior makes it to college, where tuition has doubled to where he has to take out loans to afford it, the giant stack of cards (i.e. - the securities and financial investments sections of the market) comes tumbling down. And now circa 2011, Junior finally gets a job . . . as a part-time janitor. Sadly, I think Greenspan knew this was coming, but he was too balls deep in fucking our economy to care about the future, which, if anything, is contrary to capitalism's initial concept; the future is open pasture for investors, banks, and financiers to play in, but, until they actually get there, they will never realize the amount of bull shit they will be stepping in.

I think there are four big problems:

1. The financial industry has become dominant. 

Banks, stock exchanges, commodity markets, and the like all exist to facilitate the movement of capital between productive enterprises.  They are intermediaries that don't really produce anything of value - their profits come from skimming off the top of actual productive ventures. 

2. The failure to regulate the industry.

Which continues now, with the US providing only some token, toothless legislation on the issue.  There was a functional regulatory framework in place for banks 40 years ago.  Once you start to see that relaxed by multiple administrations, you start getting into trouble with the money-handlers and fraud.

3. Inappropriate government response to the crisis.

Politicians on both sides of the coin make dubious arguments about moral hazard all of the time when it relates to social policy.  They have a clear case on their hands where they chose the least appropriate course of action - bail out a fraudulent industry, and not only that, but help them to continue to consolidate.  They have done absolutely nothing to defuse the systemic risk caused by banks like Goldman Sachs and Bank of America.  I think they should have been nationalized and broken up.

4. Gross mismanagement by the US Treasury, the Fed, and the government as a whole.

It's a long term problem and one I don't quite get.  If you want to manage the economy and are trying to maintain stability, you need to ease on the brakes when it's speeding up and hit the gas when it's slowing down.  The US government has chosen to do the exact opposite - it sees a bubble, it punches the gas.  It sees evidence of widespread fraud, it punches the gas.  Now they're trying to hit the brakes before the car is even in gear, trying to see just how close to stalling they can take it.

I'm on my mobile but look up some graphs of currency reserves in circulation since the gold standard collapsed.

I'm a fan of Matt Taibbi:
http://www.rollingstone.com/politics/blogs/taibblog/one-last-note-on-michael-bloomberg-20111105

Having read all that and understanding that the banks were eager for the profits from these loans and their endless clones knowing full well the shit WOULD hit the fan before long, let me ask a question.

Is it even conceivable they would have operated in this fashion without prior knowledge that they would indeed be so called "bailed out?" Adding massively to their profits while further looting the people, almost as if it was all planed out years ahead of time?

It's easy to assume it was all a facet of greed at all levels and that they just got into a habit of writing bad loans for the short term gains. But the collusion among banks and the complete absents of any form of fraud policing seems to me to tell a bigger story. A story of banks engaged in a conspiracy to loot the entire nation with assurances from conspiring factions within the gov they would not only not face any real consequences, but be handsomely rewarded.     

Well, the US regulatory bodies are basically revolving doors with the mid-to-upper levels of management at big New York finance.  The ratings agencies are financed by the same groups and have the same revolving doors.  There has been a huge resistance to any external regulation or trying to enforce conflict of interest, with the claim that you can't understand what they're doing if you haven't been there.  And of course, in the cases where things even get to the courts, judges frequently have financial conflicts of interest and still decline to recuse themselves.

And you see what happens to people that actually take it upon themselves to pursue fraud on Wall Street, outside of the designated whipping boys like Bernie Maddoff - they have a quick fall from grace, like Eliot Spitzer.