Marxism-Schwabism: or the dictatorship of the tycoons 1

The silly-billy tyranny exerted shamelessly now by the Obama-Pelosi gang through a puppet president, nasty as it is, may be short-lived because nonsense cannot endure. But the real power, the serious power, lies elsewhere, with the financial institutions.

They have an agenda to reduce us all to serfdom.

We summarize an article by Justin Haskins at Townhall:

In June 2020, elites from around the world announced [from a “virtual Davos meeting”] the launch of a plan to “reset” the entire global economy.

Every country, from the United States to China, must participate in the Great Reset, and every industry, from oil and gas to tech, must be transformed. So wrote Klaus Schwab, the founder and executive chairman of the World Economic Forum.

Although Great Reset supporters call for dramatic expansions of government welfare programs, including job guarantees, government-provided health care, etc.,the heart of the Great Reset is something called environmental, social, and governance (ESG) metrics. Those include how “green” a company is, its “right” ratio of minorities, whether a business is involved in politically disfavored industries such as gun manufacturing and sales. According to its ESG metrics, a company is accorded a rating.

Bank of America, Citi, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Wells Fargo –  the six largest banks in the United States – have announced their commitment to the Great Reset. (So has Mastercard.)

Individuals should also expect to be “rated”   by these financial institutions. If you want a loan from one of those banks in the future, you’d better toe the globalist line on climate change.

If banks are allowed to collectively decide to stop financing any group of people they want, based not on financial concerns but ideological considerations, then banks and their Great Reset allies will have, in effect, near-total control over society.

In January 2021, the Trump-era Office of the Comptroller of the Currency issued a finalized Fair Access to Financial Services regulation that would have made it illegal for large banks to engage in that sort of discrimination. But just one week after entering the White House, President Joe Biden “paused” the rule’s implementation, signaling his clear intention to eliminate the rule before it ever has a chance to be published in the Federal Register. No surprise. The Biden administration’s “climate czar” John Kerry is an ardent supporter of the  Great Reset.

The time has come for a massive populist revolt against the Great Reset. The fate of the free world depends on it.

What has happened to America 19

… is worse than you fear.

Now the revelation bursts upon us that Donald Trump never really stood a chance of being re-elected, even if every living citizen had voted for him.

And Americans stood no chance of remaining free. 

The vast movement to dissolve the founder’s Republic of America was begun long before the 2016 election of Donald Trump. His four years were an unexpected interruption of the reorganization of the human world into a global community of helots ruled by an oligarchic dictatorship.

America will now have a system not only like China’s oligarchic dictatorship, but in partnership with it.

It took decades for China to gain the subservience of an American government. It was finally achieved with the defeat of President Trump and the election to the presidency of Joe Biden.

Trump had seen the danger and had tried to counter it. But the forces ranged against him were far too numerous and far too powerful.

It suits Communist China very well to have Joe Biden as a figurehead president of the United States. For the Chinese, his senility is an asset. In any case, they own him. They own his son, they own his family. They have filled the Bidens’ coffers. It was probably they who chose him to be the Democratic Party’s candidate. They own the Democratic Party.

Does all  this seem too far fetched?

Lee Smith, senior fellow at the Hudson Institute, explains how the process and the triumph were worked. The article is long. We select the telling points – which requires some change of the original order – and strongly recommend the reading of the whole thing.

The poisoned embrace between American elites and China began nearly 50 years ago when Henry Kissinger saw that opening relations between the two then-enemies would expose the growing rift between China and the more threatening Soviet Union. At the heart of the fallout between the two communist giants was the Soviet leadership’s rejection of Stalin, which the Chinese would see as the beginning of the end of the Soviet communist system—and thus it was a mistake they wouldn’t make.

Meanwhile, Kissinger’s geopolitical maneuver became the cornerstone of his historical legacy. It also made him a wealthy man selling access to Chinese officials. In turn, Kissinger pioneered the way for other former high-ranking policymakers to engage in their own foreign influence-peddling operations, like William Cohen, defense secretary in the administration of Bill Clinton, who greased the way for China to gain permanent most favored nation trade status in 2000 and become a cornerstone of the World Trade Organization.

The Cohen Group has two of its four overseas offices in China, and includes a number of former top officials, including Trump’s former Defense Secretary James Mattis, who recently failed to disclose his work for the Cohen Group when he criticized the Trump administration’s “with us or against us” approach to China in an editorial. “The economic prosperity of U.S. allies and partners hinges on strong trade and investment relationships with Beijing,” wrote Mattis, who was literally being paid by China for taking exactly that position.

Yet it’s unlikely that Kissinger foresaw China as a cash cow for former American officials when he and President Richard M. Nixon traveled to the Chinese capital that Westerners then called Peking in 1972. “The Chinese felt that Mao had to die before they could open up,” says a former Trump administration official. “Mao was still alive when Nixon and Kissinger were there, so it’s unlikely they could’ve envisioned the sorts of reforms that began in 1979 under Deng Xiaoping’s leadership. But even in the 1980s China wasn’t competitive with the United States. It was only in the 1990s with the debates every year about granting China most favored nation status in trade that China became a commercial rival”—and a lucrative partner. …

Just after defeating communism in the Soviet Union, America breathed new life into the communist party that survived. And instead of Western democratic principles transforming the Chinese Communist Party (CCP), the American establishment acquired a taste for Eastern techno-autocracy. Tech became the anchor of the U.S.-China relationship, with CCP funding driving Silicon Valley startups, thanks largely to the efforts of Dianne Feinstein, who, after Kissinger, became the second-most influential official driving the U.S.-CCP relationship for the next 20 years.

In 1978, as the newly elected mayor of San Francisco, Feinstein befriended Jiang Zemin, then the mayor of Shanghai and eventually president of China. As mayor of America’s tech epicenter, her ties to China helped the growing sector attract Chinese investment and made the state the world’s third-largest economy. Her alliance with Jiang also helped make her investor husband, Richard Blum, a wealthy man. As senator, she pushed for permanent MFN trade status for China by rationalizing China’s human rights violations, while her friend Jiang consolidated his power and became the Communist Party’s general secretary by sending tanks into Tiananmen Square. Feinstein defended him. “China had no local police,” Feinstein said that Jiang had told her. “Hence the tanks,” the senator from California reassuringly explained. “But that’s the past. One learns from the past. You don’t repeat it. I think China has learned a lesson.” …

Clearly, big money was to be made from China. Democrats could overlook little matters like what happened in Tiananmen Square. It wasn’t the Communist government’s fault. They had no police, so they had to use tanks. Anyway, it was a learning experience for them and they’ll never do anything like that again. Look on the bright side, where the money glitters.

The American elite decided that democracy wasn’t working for them. …

[That] disenchanted elite … impoverished American workers while enriching themselves. The one-word motto they came to live by was globalism—that is, the freedom to structure commercial relationships and social enterprises without reference to the well-being of the particular society in which they happened to make their livings and raise their children.

Undergirding the globalist enterprise was China’s accession to the World Trade Organization in 2001. For decades, American policymakers and the corporate class said they saw China as a rival, but the elite … saw enlightened Chinese autocracy as a friend and even as a model—which was not surprising, given that the Chinese Communist Party became their source of power, wealth, and prestige. Why did they trade with an authoritarian regime and by sending millions of American manufacturing jobs off to China thereby impoverish working Americans? Because it made them rich. They salved their consciences by telling themselves they had no choice but to deal with China: It was big, productive, and efficient and its rise was inevitable. And besides, the American workers hurt by the deal deserved to be punished—who could defend a class of reactionary and racist ideological naysayers standing in the way of what was best for progress?

Returning those jobs to America, along with ending foreign wars and illegal immigration, was the core policy promise of Donald Trump’s presidency, and the source of his surprise victory in 2016.  … The only people who took Trump seriously were the more than 60 million American voters who believed him when he said he’d fight the elites to get those jobs back.

As Lee Smith sees it, Trump himself was the creator of the “China Class” – because opposition to him united disparate interests which were all the beneficiaries of Chinese patronage. It’s an accusation, and as such unfair since that was not the president’s intention. Smith explains:

What [Trump] called “The Swamp” appeared at first just to be a random assortment of industries, institutions, and personalities that seemed to have nothing in common, outside of the fact they were excoriated by the newly elected president. But Trump’s incessant attacks on that elite gave them collective self-awareness as well as a powerful motive for solidarity. Together, they saw that they represented a nexus of public and private sector interests that shared not only the same prejudices and hatreds, cultural tastes and consumer habits but also the same center of gravity—the U.S.-China relationship. And so, the China Class was born.

A great many Americans in technology, sport, commerce, academia, bureaucracy, politics …

…benefited extravagantly from the U.S.-China relationship. These strange bedfellows acquired what Marxists call class consciousness—and joined together to fight back, further cementing their relationships with their Chinese patrons. United now, these disparate American institutions lost any sense of circumspection or shame about cashing checks from the Chinese Communist Party, no matter what horrors the CCP visited on the prisoners of its slave labor camps and no matter what threat China’s spy services and the People’s Liberation Army might pose to national security.

Think tanks and research institutions like the Atlantic Council, the Center for American Progress, the EastWest Institute, the Carter Center, the Carnegie Endowment for International Peace, Johns Hopkins School of Advanced International Studies, and others gorged themselves on Chinese money. The world-famous Brookings Institution had no scruples about publishing a report funded by Chinese telecom company Huawei that praised Huawei technology.

They “gorged themselves on Chinese money” – not without a trace of shame in some cases?

The billions that China gave to major American research universities, like $58 million to Stanford, alarmed U.S. law enforcement, which warned of Chinese counterintelligence efforts to steal sensitive research. But the schools and their name faculty were in fact in the business of selling that research, much of it paid for directly by the U.S. government—which is why Harvard and Yale among other big-name schools appear to have systematically underreported the large amounts that China had gifted them. …

But then came a freebie from China that was not welcome:

China was the source of the China Class’s power, [and] the novel coronavirus coming out of Wuhan became the platform for its coup de grace. So Americans became prey to an anti-democratic elite that used the coronavirus to demoralize them; lay waste to small businesses; leave them vulnerable to rioters who are free to steal, burn, and kill; keep their children from school and the dying from the last embrace of their loved ones; and desecrate American history, culture, and society; and defame the country as systemically racist in order to furnish the predicate for why ordinary Americans in fact deserved the hell that the elite’s private and public sector proxies had already prepared for them.

So there was really no need for the China Class to feel shame or guilt. Ordinary Americans “deserved” unemployment and poverty. Because … because … they’re racist.

For nearly a year, American officials have purposefully laid waste to our economy and society for the sole purpose of arrogating more power to themselves while the Chinese economy has gained on America’s. China’s lockdowns had nothing to do with the difference in outcomes. Lockdowns are not public health measures to reduce the spread of a virus. They are political instruments, which is why Democratic Party officials who put their constituents under repeated lengthy lockdowns, like New York Gov. Andrew Cuomo and Chicago Mayor Lori Lightfoot, are signaling publicly that it is imperative they be allowed to reopen immediately now that Trump is safely gone.

… Democratic officials intentionally destroyed lives and ended thousands of them by sending the ill to infect the elderly in nursing homes. … The job was to boost coronavirus casualties in order to defeat Trump and they succeeded

A startling accusation that – of human sacrifice on a huge scale! But it is true that it happened.

And the Chinese virus made no difference to the China Class’s opposition to President Trump:

The number of American industries and companies that lobbied against Trump administration measures attempting to decouple Chinese technology from its American counterparts is a staggering measure of how closely two rival systems that claim to stand for opposing sets of values and practices have been integrated. Companies like Ford, FedEx, and Honeywell, as well as Qualcomm and other semiconductor manufacturers that fought to continue selling chips to Huawei, all exist with one leg in America and the other leg planted firmly in America’s chief geopolitical rival. To protect both halves of their business, they soft-sell the issue by calling China a competitor in order to obscure their role in boosting a dangerous rival.

Nearly every major American industry has a stake in China. From Wall Street—Citigroup, Goldman Sachs, and Morgan Stanley— to hospitality. A Marriott Hotel employee was fired when Chinese officials objected to his liking a tweet about Tibet. They all learned to play by CCP rules.

“It’s so pervasive, it’s better to ask who’s not tied into China,” says former Trump administration official Gen. (Ret.) Robert Spalding.

Unsurprisingly, the once-reliably Republican U.S. Chamber of Commerce was in the forefront of opposition to Trump’s China policies—against not only proposed tariffs but also his call for American companies to start moving critical supply chains elsewhere …

Even the Trump administration was split between hawks and accommodationists, caustically referred to by the former as “Panda Huggers”. The majority of Trump officials were in the latter camp, most notably Treasury Secretary Steven Mnuchin, a former Hollywood producer. While the film industry was the first and loudest to complain that China was stealing its intellectual property, it eventually came to partner with, and appease, Beijing. Studios are not able to tap into China’s enormous market without observing CCP redlines.

“In the Trump administration,” says former Trump adviser Spalding, “there was a very large push to continue unquestioned cooperation with China. On the other side was a smaller number of those who wanted to push back.”

Apple, Nike, and Coca Cola even lobbied against the Uyghur Forced Labor Prevention Act. On Trump’s penultimate day in office, his Secretary of State Mike Pompeo announced that the United States has “determined that the People’s Republic of China is committing genocide and crimes against humanity in Xinjiang, China, targeting Uyghur Muslims and members of other ethnic and religious minority groups”. That makes a number of major American brands that use forced Uyghur labor—including, according to a 2020 Australian study, Nike, Adidas, Gap, Tommy Hilfiger, Apple, Google, Microsoft, and General Motors—complicit in genocide.

The idea that countries that scorn basic human and democratic rights should not be directly funded by American industry and given privileged access to the fruits of U.S. government-funded research and technology that properly belongs to the American people is hardly a partisan idea—and has, or should have, little to do with Donald Trump. But the historical record will show that the melding of the American and Chinese elites reached its apogee during Trump’s administration, as the president made himself [again we stress unintentionally – ed] a focal point [of shared hostility] for the China Class, which had adopted the Democratic Party as its main political vehicle.

That’s not to say establishment Republicans are cut out of the pro-China oligarchy—Senate GOP leader Mitch McConnell’s shipbuilder billionaire father-in-law James Chao has benefited greatly from his relationship with the CCP, including college classmate Jiang Zemin. Gifts from the Chao family have catapulted McConnell to only a few slots below Feinstein in the list of wealthiest senators.

Riding the media tsunami of Trump hatred, the China Class cemented its power within state institutions and security bureaucracies that have long been Democratic preserves—and whose salary-class inhabitants were eager not to be labeled as “collaborators” with the president they ostensibly served. Accommodation with even the worst and most threatening aspects of the Chinese communist regime, ongoing since the late 1990s, was put on fast-forward. Talk about how Nike made its sneakers in Chinese slave labor camps was no longer fashionable. News that China was stealing American scientific and military secrets, running large spy rings in Silicon Valley and compromising congressmen like Eric Swalwell, paying large retainers to top Ivy League professors in a well-organized program of intellectual theft, or in any way posed a danger to its own people or to its neighbors, let alone to the American way of life, were muted and dismissed as pro-Trump propaganda.

Smith omits to mention a fact that is germane to his case and strengthens it – that President Bill Clinton had insistently sold American scientific, technological and military secrets to China.

The Central Intelligence Agency openly protected Chinese efforts to undermine American institutions. CIA management bullied intelligence analysts to alter their assessment of Chinese influence and interference in our political process so it wouldn’t be used to support policies they disagreed with—Trump’s policies. …

Smith notes that the CIA – the agency created to protect the United States from foreign intrusion of all kinds – stores its information with Amazon Web Services, owned by China’s No. 1 American distributor, Jeff Bezos.

Joe Biden is China’s man. He is now openly demonstrating his compliance with the CCP’s wishes:

As head of the Center for American Progress think tank, Biden’s pick for director of the Office of Management and Budget, Neera Tanden, teamed up with a U.S.-China exchange organization created as a front “to co-opt and neutralize sources of potential opposition to the policies and authority” of the CCP and “influence overseas Chinese communities, foreign governments, and other actors to take actions or adopt positions supportive of Beijing”.

Biden’s special assistant for presidential personnel, Thomas Zimmerman, was a fellow at the Shanghai Academy of Social Sciences, flagged by Western intelligence agencies for its ties to China’s Ministry of State Security.

U.N. Ambassador Linda Thomas-Greenfield gave a 2019 speech at a Chinese-government-funded Confucius Institute in Savannah, Georgia, where she praised China’s role in promoting good governance, gender equity, and the rule of law in Africa. “I see no reason why China cannot share in those values,” she said. “In fact, China is in a unique position to spread these ideals given its strong footprint on the continent.”

The Biden family … was reportedly given an interest-free loan of $5 million by businessmen with ties to the Chinese military. Hunter [Biden] called his Chinese business partner the “spy chief of China”. The reason that the press and social media censored pre-election reports of Hunter Biden’s alleged ties to the CCP was not to protect him—$5 million is less than what Bezos has made every hour during the course of the pandemic. No, for the pro-China oligarchy, the point of getting Joe Biden elected was to protect themselves.

[For] the pro-China oligarchy [now in power in America – ed] … Chinese autocracy is their model. Consider the deployment of more than 20,000 U.S. armed forces members throughout Washington, D.C., to provide security for an inauguration of a president who is rarely seen in public in the wake of a sporadically violent protest march that was cast as an insurrection and a coup; the removal of opposition voices from social media, along with the removal of competing social media platforms themselves; the nascent effort to keep the Trump-supporting half of America from access to health care, credit, legal representation, education, and employment, with the ultimate goal of redefining protest against the policies of the current administration as “domestic terrorism”.

Yes, it all follows the Chinese example. The Democratic Party of America has fast become China’s star pupil.

Smith writes:

Witness their newfound respect for the idea that speech should only be free for the enlightened few who know how to use it properly.

And:

What seems clear is that Biden’s inauguration marks the hegemony of an American oligarchy that sees its relationship with China as a shield and sword against their own countrymen.

And:

The American oligarchy … are happy to rule in partnership with a foreign power that will help them destroy their own countrymen.

The writer concludes his article with a suggestion that the American oligarchy will not last long.

But why not? Now that Donald Trump has gone, who or what will work against it? Who or what can overthrow it?

The high price of pabulum 1

Hillary Clinton is not a thinker. A schemer, yes. A manipulator, yes. Cunning and devious by nature, yes. But a thinker, no. Her mind is vapid, her thoughts banal. Yet powerful corporations will pay her six-figure sums to utter her flat, dull, pointless ideas to their chief executives.

From Investor’s Business Daily:

Graft: In 2013 Goldman Sachs spent more than two-thirds of a million dollars on Hillary Clinton. And what did it get for its sizable investment? Very expensive pabulum. WikiLeaks has released the complete transcripts of Clinton’s three appearances at Goldman Sachs. These are the transcripts that Clinton adamantly refused to release during the primaries, when Bernie Sanders was calling for them to be made public. At the time, pundits wondered if the speeches contained remarks that might undercut Clinton’s support with the Democratic Party’s increasingly leftist base. But it turns out that Clinton was probably more concerned that the transcripts would reveal how banal her remarks were. That would, in turn, raise questions about why Goldman Sachs was willing to part with so much money for three hours of mostly worthless clichés and bromides. There’s only one real possible explanation. Clinton was cashing in on her tenure in government, and Goldman Sachs was buying influence. They used to call the former graft, and the latter crony capitalism. Despite their billing, these were not Clinton speeches, but Q&A sessions. As a reader service, we’ve read the complete transcripts of all three events, and have pulled together a sampling of the kind of “insights” for which Goldman Sachs paid Clinton $225,000 an hour to deliver.

IBD’s selection follows, and from it we have made a short selection of our own to illustrate what we assert about her mental insipidity:

“Now the way I look at this Tim, is it’s either going to work or it’s not going to work.”

“Elections are about winning and losing and who gets to make decisions.”

“One thing I’ve learned is that there’s no one that knows what’s going to happen in the Middle East.”

“We’re in a time in Syria where they’re not finished killing each other.”

“The sharing of intelligence requires the gathering of intelligence and the analysis of intelligence.”

“Xi is very much committed to coming up with some plans.”

“So that’s what you get paid all those big bucks for, being in positions like I was just in trying to sort it out and figure out what is the smartest approach for the United States and our allies can take that would result in the least amount of danger to ourselves and our allies going forward.”

“I believe that doing your job actually is the right thing to do.”

Find more such gems of wisdom, wit and insight here at IBD.

And of course, if one wants to be fair, one can search for anything better in the transcripts themselves here.

If anyone finds anything resembling an interesting idea, or a piece of information worth having, we would be grateful – and surprised – to have it brought to our attention.

Posted under corruption, United States by Jillian Becker on Tuesday, October 18, 2016

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Trump speaks 1

John Hinderaker writes at PowerLine:

Wikileaks has released transcripts of three speeches that Hillary Clinton gave for Goldman Sachs in 2013. These were events hosted by Goldman, presumably for clients – e.g., the “Builders and Innovators Summit”.  You can download the transcripts here. Hillary reportedly was paid $225,000 apiece. …

The first thing that struck him about the Goldman speeches was –

How utterly pedestrian they are. By 2013, Mrs. Clinton had served eight years in the Senate and four as Secretary of State, yet she never has an original observation or an insight worth paying for.Everything in them, you have heard 50 times before. They could have been delivered by anyone who has never held public office, but who spends Sunday mornings studying the New York Times. … I think her speeches reflect her limited ability.

Oh, yes! They are utterly pedestrian, they do reflect her limited ability – and her dull mind.

Trump is not eloquent. He distinctly lacks the gift of oratory. But what he is saying is worth listening to:

We quote from Breitbart:

“Our Independence Day is at hand, and it arrives finally on November 8,” Trump told voters.

Our great civilization, here in America and across the civilized world, has come upon a moment of reckoning. We’ve seen it in the United Kingdom, where they voted to liberate themselves from global government and global trade deal, and global immigration deals that have destroyed their sovereignty and have destroyed many of those nations.

But, the central base of world political power is right here in America, and it is our corrupt political establishment that is the greatest power behind the efforts at radical globalization and the disenfranchisement of working people. Their financial resources are virtually unlimited, their political resources are unlimited, their media resources are unmatched, and most importantly, the depth of their immorality is absolutely unlimited.

Trump highlighted the now well-documented collusion between the global special interests, corporate media, and Hillary Clinton who champions policies to cede “U.S. sovereignty in order to enrich these global financial powers, her special interest friends. and her donors”.

Trump slammed what he described as our “illusion of democracy”– explaining how our political process is controlled “by a small handful of global special interests rigging the system”.

Trump explained that the “Clinton machine”, working through its arm in the corporate media, has declared “war” not just against him, but against the American people, who want to reclaim their government to represent their needs and interests, rather than simply representing the desires of corporate donors and transnational elites. Trump said:

Let’s be clear on one thing. The corporate media in our country is no longer involved in journalism. They’re a political special interest no different than any lobbyist or other financial entity with a total political agenda, and the agenda is not for you, it’s for themselves.

And their agenda is to elect crooked Hillary Clinton at any cost, at any price, no matter how many lives they destroy. For them it’s a war, and for them nothing at all is out of bounds. This is a struggle for the survival of our nation, believe me. And this will be our last chance to save it on November 8, remember that.

The only thing Hillary Clinton has going for herself is the press. Without the press, she is absolutely zero. 

The political establishment that is trying to stop us is the same group responsible for our disastrous trade deals, massive illegal immigration, and economic and foreign policies that have bled our country dry … The Clinton machine is at the center of this power structure.

We’ve seen this first hand in the WikiLeaks documents, in which Hillary Clinton meets in secret with international banks to plot the destruction of U.S. sovereignty in order to enrich these global financial powers, her special interest friends, and her donors …

With their control over our government at stake, with trillions of dollars on the line, the Clinton machine is determined to achieve the destruction of our campaign… They knew they would throw every lie they could at me and my family and my loved ones. They knew they would stop at nothing to try to stop me. But I never knew how bad it would be. I never knew it would be this vile, that it would be this bad, that it would be this vicious …

I will not lie to you. These false attacks are absolutely hurtful. To be lied about, to be slandered, to be smeared so publicly, and before your family that you love, is very painful. What is going on is egregious beyond any words … It’s reprehensible beyond description, it’s totally corrupt.

But, I also know that it’s not about me. It’s about all of you and it’s about our country. I know that. I fully understand that. That’s why I got involved. It’s about all of us together as a country. It’s a movement the likes of which we have never in history in this country seen before. Never in history.

I take all of these slings and arrows gladly for you. I take them for our movement so that we can have our country back. …

The corrupt political establishment is a machine … I knew these false attacks would come. I knew this day would arrive; it was only a question of when. And I knew the American people would rise above it and vote for the future they deserve.

The only thing that can stop this corrupt machine is you. The only force strong enough to save our country is us. The only people brave enough to vote out this corrupt establishment is you, the American people. 

This election will determine whether we are a free nation or whether we have only the illusion of democracy, but are in fact controlled by a small handful of global special interests rigging the system, and our system is rigged. This is reality, you know it, they know it, I know it, and pretty much the whole world knows it.

The establishment and their media enablers will control this nation through means that are very well known. Anyone who challenges their control is deemed a sexist, a racist, a xenophobe, and morally deformed. 

They will attack you, they will slander you, they will seek to destroy your career and your family, they will seek to destroy everything about you, including your reputation. They will lie, lie, lie, and then again they will do worse than that, they will do whatever is necessary … 

This is our moment of reckoning as a society and as a civilization itself. I didn’t need to do this, folks, believe me — believe me. I built a great company and I had a wonderful life. I could have enjoyed the fruits and benefits of years of successful business deals and businesses for myself and my family. Instead of going through this absolute horror show of lies, deceptions, malicious attacks — who would have thought? I’m doing it because this country has given me so much, and I feel so strongly that it’s my turn to give back to the country that I love … 

This election is about every man, woman and child in our country who deserves to live in safety, prosperity, and peace … We will rise above the lies, the smears, the ludicrous slanders from ludicrous and very, very dishonest reporters. 

We will vote for the country we want. We will vote for the future we want. We will vote for the politics we want, and we will vote to put this corrupt government cartel out of business and out of business immediately. …  

They’ve betrayed our workers, they’ve betrayed our borders and, most of all, they’ve betrayed our freedoms. We will save our sovereign rights as a nation. …

Our Independence Day is at hand, and it arrives finally on November 8.

Posted under United States by Jillian Becker on Sunday, October 16, 2016

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Quantitative easing made easy 0

From RealEconTV

Posted under Commentary, corruption, Economics, United States by Jillian Becker on Friday, November 19, 2010

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To fatten a cat 0

Redistribution is Socialism. No need to go looking for some dead economist’s definition of the S word. If a central agency with the power of coercion, which is to say a government, takes money from some and distributes it to others, that is Socialism in practice.  The reach of government is widened, individual freedom narrowed.

It should not be called an economic system, because it cannot create wealth. It stultifies innovation and productivity. It kills incentive. It levels down. It is the primrose path to poverty.

Under the leadership of Obama and his gang of collectivists, redistribution is well under way in America. Change to Socialism is well under way.

And Obama’s vision is not just of a socialist America but of a socialist world.

The Investor’s Business Daily comments on how a small, failing, Chicago bank that – inter alia – redistributes US tax-payers’ money to Kenya (the homeland of Obama’s father) is kept going by effort of the redistributionists in the White House.

Sometimes banks are too small to fail, such as when they are in the president’s hometown, deal with the president’s friends and serve the president’s agenda. Or should we perhaps say too connected to fail?

ShoreBank’s Web site boasts: “Van Jones [Obama’s erstwhile ‘Environment Czar’ and admirer of Mao – JB] saves at ShoreBank so his money fights for green jobs just like he does.” …

While President Obama rails against the robber barons of Wall Street, the politically connected Chicago financial institution with a politically correct agenda gets a pass and gets a bailout all its own. It is the poster bank for hope and change.

Fox Business points out that “ShoreBank has ties to the Obama administration. Valerie Jarrett, President Obama’s senior adviser and a fixture in Chicago politics (as was the president), served on the board of Chicago Metropolis 2020, a civic organization which was run by Adele Simmons, a director at ShoreBank.”

ShoreBank was in trouble and needed financial help, either from the government or other financial institutions that have already received government money.

Rep. Judy Biggert, R-Ill., has joined Rep. Spencer Bachus, R-Ala., in a letter to Obama asking for records concerning ShoreBank and how it lined up at least  $125 million in capital from major banks to qualify for $75 million from the federal government.

ShoreBank has a history of making the very kind of risky loans that leftist agitators such as Acorn, with government help, pressured banks to do under the Community Reinvestment Act.

During his visit to Africa last year, Obama praised the bank for its involvement in projects in Kenya.

Kenya? Why is a struggling community bank in the Windy City involved in projects in Kenya? We hesitate to guess.

Ten other Illinois banks have already failed in 2010, according to the Federal Deposit Insurance Corp. ShoreBank has reportedly received $20 million from General Electric, $20 million from Goldman Sachs and $20 million from Citigroup — with more promised by JPMorgan Chase, Bank of America and Morgan Stanley.

Considering ShoreBank’s track record, is this where taxpayer money should be going?

Forgive us. We forgot for a moment about that whole sharing the wealth and redistribution thing. …

“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” President Obama said in an interview on the CBS “60 Minutes” program.

He did run to fundamentally transform America — and if those banks are on Main Street and they follow Obama’s agenda, they get help from those fat cats now in thrall to the government, not to mention all the president’s friends. Pretty sweet deal.

Al Gore and the sale of indulgences 3

In the dark ages, when Papacy held control of men’s consciences and few dared to think, one method which she practiced to supply herself with money was the sale of indulgences. The indulgence was a permission to sin and yet be free from its consequences. … Succeeding Popes and councils … argued that if they had a right to remit sins for service to the church, they had also the right to remit them for money for the church … and concluded that if they had a right to remit past sins for money, they had the same right to remit, or excuse, or grant indulgence for sins of the future. … It was the sale of these future indulgences for money which … gave rise to the Reformation movement, called Protestant, because of their protests and objections to this and other evils recognized in Papacy.

*

We do not believe that CO2 is a pollutant; that the earth is warming to any degree that should trouble us; that the planet is warmed by human activity; that a despotic world authority is needed to regulate human activity on the pretext of saving the planet from warming; that the wealth of the First World should be redistributed to the Third World; or that anybody’s wealth should be redistributed to Al Gore.

In the name of Climate Change, the new mysticism, Al Gore and his conspirators are selling indulgences. You pay them so you can carry on with living, manufacturing, traveling and so on, all the normal activities which they say is threatening Planet Earth. Ostensibly you are buying a certain amount of some Third Worlder’s CO2 ration, as determined by Al Gore and his conspirators, because you are exceeding your own ration, as determined by them. Some of what you pay will go to a Third Worlder, they say. Most of what you pay will go to Al Gore and his conspirators.

From Investor’s Business Daily:

While senators froth over Goldman Sachs and derivatives, a climate trading scheme being run out of the Chicago Climate Exchange would make Bernie Madoff blush. Its trail leads to the White House.

Lost in the recent headlines was Al Gore‘s appearance Monday in Denver at the annual meeting of the Council of Foundations, an association of the nation’s philanthropic leaders.

“Time’s running out (on climate change),” Gore told them. “We have to get our act together. You have a unique role in getting our act together.”

Gore was right that foundations will play a key role in keeping the climate scam alive as evidence of outright climate fraud grows, just as they were critical in the beginning when the Joyce Foundation in 2000 and 2001 provided the seed money to start the Chicago Climate Exchange. It started trading in 2003, and what it trades is, essentially, air. More specifically perhaps, hot air.

The Chicago Climate Exchange (CCX) advertises itself as “North America’s only cap-and-trade system for all six greenhouse gases, with global affiliates and projects worldwide.” Barack Obama served on the board of the Joyce Foundation from 1994 to 2002 when the CCX startup grants were issued. As president, pushing cap-and-trade is one of his highest priorities. Now isn’t that special? …

The CCX provides the mechanism in trading the very pollution permits and carbon offsets the administration’s cap-and-trade proposals would impose by government mandate.

Thanks to Fox News’ Glenn Beck, we have learned a lot about CCX, not the least of which is that its founder, Richard Sandor, says he knew Obama well back in the day when the Joyce Foundation awarded money to the Kellogg Graduate School of Management at Northwestern University, where Sandor was a research professor.

Sandor estimates that climate trading could be “a $10 trillion dollar market.” It could very well be, if cap-and-trade measures like Waxman-Markey and Kerry-Boxer are signed into law, making energy prices skyrocket, and as companies buy and sell permits to emit those six “greenhouse” gases.

So lucrative does this market appear, it attracted the attention of London-based Generation Investment Management, which purchased a stake in CCX and is now the fifth-largest shareholder.

As we noted last year, Gore is co-founder of Generation Investment Management, which sells carbon offsets of dubious value that let rich polluters continue to pollute with a clear conscience.

Other founders include former Goldman Sachs partner David Blood, as well as Mark Ferguson and Peter Harris, also of Goldman Sachs. In 2006, CCX received a big boost when another investor bought a 10% stake on the prospect of making a great deal of money for itself. That investor was Goldman Sachs, now under the gun for selling financial instruments it knew were doomed to fail.

The actual mechanism for trading on the exchange was purchased and patented by none other than Franklin Raines, who was CEO of Fannie Mae at the time.

Raines profited handsomely to the tune of some $90 million by buying and bundling bad mortgages that led to the collapse of the American economy. …

The climate trading scheme being stitched together here will do more damage than Goldman Sachs, AIG and Fannie Mae combined. But it will bring power and money to its architects.

Looming up – a permanent TARP 1

The financial regulation bill is another huge threat to America’s painfully diminished prosperity, and so ultimately to Big Business and Big Labor.

But Big Business and Big Labor cannot see that, being chronically short-sighted. Contrary to Obama’s contention, they actually welcome the legislation.

The Heritage Foundation examines the bill which it calls, with good reason, a “Wall Street Bailout Bill” – a permanent TARP. And that, it says, is “what Wall Street wanted all along”.

Speaking to an audience of big business and big labor executives (including Goldman Sachs’ Lloyd Blankfein, Bank of America’s Bruce Thompson and SEIU’s Andy Stern) at New York’s Cooper Union, President Barack Obama noted “the furious efforts of industry lobbyists to shape” the financial regulation bill “to their special interests.” Obama then admitted, “I am sure that many of those lobbyists work for some of you. But I am here today because I want to urge you to join us, instead of fighting us in this effort.” Obama should have saved his breath. Wall Street and big labor lobbyists have already joined forces to make sure the current Senate legislation has become a Wall Street Bailout Bill.

Big labor’s ties to this White House are already well documented. Less known is just how close Obama administration interests align with the big firms that benefit most from the TARP bailout. The Washington Examiner reports that at Goldman Sachs, the nation’s largest investment bank, four of the five in-house lobbyists were Democratic Capitol Hill staffers — the remaining one gave $1,000 to Hillary Clinton last election. And USA Today notes that Goldman Sachs alone has given nearly $900,000 since January 2009 to congressional candidates, with 69% of that cash lining Democrat pockets. Finally, then-candidate Obama collected almost $1 million from Goldman executives and employees in 2008, more than the combined Goldman haul of every Republican running for president, Senate and the House.

So what have Wall Street lobbyists bought with their campaign cash and high priced lobbyists? A bill that gives permanent TARP-like authority to Washington regulators, thus enshrining Washington as a permanent bailout machine. Specifically, the bill:

Creates a protected class of too big to fail firms. Section 113 of the bill establishes a “Financial Stability Oversight Council,” charged with identifying firms that would “pose a threat to the financial security of the United States” if they encounter “material financial distress.” While these firms would be subject to enhanced regulation, such a designation would also signal to the marketplace that these firms are too important to be allowed to fail and, perversely, allow them to take on undue risk.

Creates permanent bailout authority. Section 204 of the bill authorizes the Federal Deposit Insurance Corporation (FDIC) to “make available … funds for the orderly liquidation of [a] covered financial institution.” Although no funds could be provided to compensate a firm’s shareholders, the firm’s other creditors would be eligible for a cash bailout. The situation is much like the bailout AIG in 2008, in which the largest beneficiaries were not stockholders but rather other creditors, such as Deutsche Bank and Goldman Sachs.

Provides for seizure of private property without meaningful judicial review. The bill, in Section 203(b), authorizes the Secretary of the Treasury to order the seizure of any financial firm that he finds is “in danger of default” and whose failure would have “serious adverse effects on financial stability.” This determination would be virtually irreversible in court.

Establishes a $50 billion fund to pay for bailouts. Funding for bailouts is to come from a $50 billion “Orderly Resolution Fund” created within the U.S. Treasury in Section 210(n)(1), funded by taxes on financial firms. However, according to the Congressional Budget Office, the ultimate cost of bank taxes will fall on the customers, employees and investors of each firm.

Opens a “line of credit” to the Treasury for additional government funding. Under Section 210(n)(9), the FDIC is effectively granted a line of credit to the Treasury Department that is secured by the value of failing firms in its control, providing another taxpayer financial support.

Authorizes regulators to guarantee the debt of solvent banks. Bailout authority is not limited to debt of failing institutions. Under Section 1155, the FDIC is authorized to guarantee the debt of “solvent depository institutions” if regulators declare that a liquidity crisis (“event”) exists.

Imposes one-size-fits-all reform in derivative markets. … The Senate bill would require virtually all derivative contracts to be settled through a clearinghouse rather than directly between the parties. Applying such ill-designed blanket regulation would make financial derivatives more costly, more difficult to customize, and, consequently, less widely used—which would increase overall risk in the economy.

According to Rasmussen Reports, 64% of Americans are not confident that policymakers in Washington know what they’re doing with regards to Wall Street. They have every reason to be concerned. … The bill Obama is pushing would empower Secretary Geithner to repeat the AIG bailout ad infinitum. No need to ever go back to Congress for a new TARP. The Senate bill is a permanent TARP. Which is exactly what Goldman Sachs and the rest of their Wall Street lobbyists wanted all along.

Who really hates Obama? 2

Uncountable Republicans and conservatives express outrage over, loathing for, desperation about, fury with Obama, and are amply justified in doing so we believe.

But for sheer contempt for him and rage against him it would be hard to beat this rant – from the far left.

It comes from the pen, dipped in vitriol, of one David Michael Green, a professor of political science [!] at Hofstra University in New York.

His bitter denunciations and criticisms may in some instances coincide with ours, but they don’t of course arise for the same reasons. We deplore Obama’s rapid shifting of America to the left and his turning it into an impoverished, weak, welfare state.

Professor Green (how aptly named he is!) thinks that Obama is failing to take America far enough to the left, so that it is not rapidly becoming a disarmed, egalitarian utopia.

He hates Obama more for failing to transform America into a command-economy collective than we do for his failing to keep America free and strong.

He hates Obama so much – and this is truly astonishing – that he would rather have Sarah Palin as president if that would be the ultimate humiliation for ‘the little prick’.

That a man with such passionately leftist opinions as he obviously holds can become a professor of political science in an American university speaks volumes, if you’re looking for an explanation for how a disciple of the Marxist Saul Alinsky came to be elected to the presidency .

It can reasonably be assumed that the far left broadly shares the views uttered, or spat out, by Professor Green. But what did they expect? That as soon as he entered the Oval Office, Obama would nationalize every business, force the rural population on to collective farms, send all dissidents into re-education camps or forced-labor prisons, make heterosexual marriage illegal, execute Bush and Cheney, recall all American servicemen from Iraq and Afghanistan and punish them for having fought there, force Israel to surrender to Hamas, give trillions of dollars to the Third World to put out ‘the fire’ that the Greens claim is ‘burning up the world’, make us wait all day in line for a loaf of bread at a state store and put our names down for medical treatment at state-run hospitals in preparation for waiting patiently for years to be given the treatment that we might or might not eventually be allowed?

Has this Green, a professor of political science, never heard that politicians ‘cannot legislate too far ahead of public opinion’? Does he not realize, professor of political science though he is, that the Constitution and the institutions of government were designed to prevent such revolutionary change? The answer to both questions is, apparently not.

Here’s part of what he has to say (all of it can be found here):

You know, I’ve really been trying not to write an article every other week about all the things I don’t like about Barack Obama.

But the little prick is making it very hard.

Like any good progressive, I’ve gone from admiration to hope to disappointment to anger when it comes to this president. Now I’m fast getting to rage.

How much rage? I find myself thinking that the thing I want most from the 2010 elections is for his party to get absolutely clobbered, even if that means a repeat of 1994. And that what I most want from 2012 is for him to be utterly humiliated, even if that means President Palin at the helm. That much rage.

Did this clown really say on national television that “I did not run for office to be helping out a bunch of you know, fat cat bankers on Wall Street”?!?!

Really, Barack? So, like, my question is: Then why the hell did you help out a bunch of fat cat bankers on Wall Street?!?! Why the hell did you surround yourself with nothing but Robert Rubin proteges in all the key economic positions in your government? Why did you allow them to open a Washington branch of Goldman Sachs in the West Wing? Why have your policies been tailored to helping Wall Street bankers, rather than the other 300 million of us, who just happen to be suffering badly right now?

Are you freakin’ kidding me??? What’s up with the passive president routine, anyhow, Fool? …

But, really, are you going to spend the next three interminable years perfecting your whiney victim persona? I don’t really think I could bear that. Hearing you complain about how rough it all is, when you have vastly more power than any of us to fix it? Please. Not that.

Are you going to tell us that “I did not run for office to be shovel-feeding the military-industrial complex”? But what they’re just so darned pushy?

“…I did not run for office to continue George Bush’s valiant effort at shredding the Bill of Rights. It’s just that those government-limiting rules are so darned pesky.”

“…I did not run for office to dump a ton of taxpayer money into the coffers of health insurance companies. It’s just that they asked so nicely.”

“…I did not run for office to block equality for gay Americans. I just never got around to doing anything about it.”

“…I did not run for office to turn Afghanistan into Vietnam. I just didn’t want to say no to all the nice generals asking for more troops.”

Here’s a guy who was supposed to actually do something with his presidency, and he’s … being punked by John Boehner, for chrisakes. He’s being rolled by the likes of Joe Lieberman. He calls a come-to-Jesus meeting with Wall Street bank CEOs, and half of them literally phone it in. Everyone from Bibi Netanyahu to the Japanese prime minister to sundry Iranian mullahs is stomping all over Mr. Happy.

And he doesn’t even seem to realize it.

Did you see him tell Oprah that he gave himself “a good solid B+” for his first year in office? And that it will be an A, if he gets his healthcare legislation passed?

Somebody please pick me up and set me back on my chair, wouldya? …

I can’t even begin to describe how insulting Obama conducting a “jobs summit” is to me, or what an unbelievably ham-fisted piece of public relations that was for the White House, which is increasingly showing itself not just to be sickeningly regressive, but also fully inept. I think I speak for a whole lot of Americans when I say that, one year into his stewardship over a destroyed economy that was actually atomizing for at least six months before inauguration day, I don’t want my president sitting around a table, running a dog-and-pony show, pretending to kick around ideas on how to generate jobs. I wanted him to have those ideas, himself, before he was inaugurated. …

If Democrats think they’ll be screwed next November because of unemployment, wait till Congress passes this healthcare monstrosity. Or doesn’t. At this point, either way they’re gonna get slammed for it, and rightly so.

If they don’t pass anything, they will be seen as unable to govern. …

On the other hand, the Democrats and their hapless president are probably in worse shape if they actually pass this legislation. Especially now that it’s been stripped of nearly every real progressive reform imaginable, it has become an incredibly stupid bill, from the political perspective. …

This will be a total train wreck for the Democratic Party … You know, elite Republicans may be sociopaths, and they may be lower on the moral totem pole than your basic cannibal, but they’re not stupid. I bet they’re salivating at the idea that this thing passes. I bet they’d even have Olympia Snowe vote for it if necessary, just to put it over the top. They must be laughing their asses off at this gift. All they have to do is oppose it right down the line, then say “Told ya so!” at the next election, squashing the pathetic Demognats, one after the next. …

This is President Nothingburger’s great gift to America, along with doing nothing about jobs, doing nothing about the Middle East, nothing about civil liberties, nothing about civil rights, and now doing nothing at Copenhagen. Regarding the latter, the world is literally on fire, and he jets in, gives a speech haranguing the delegates that “Now is not the time for talk, now is the time for action”, then splits even before the vote in order to beat the snowstorm headed to the east coast that might delay him getting home to his comfy bed. I’m not kidding. You can’t make this shit up, man.

This guy is killing me, though at the same time I still can’t quite figure him out. …

Is he just massively deluded? I wouldn’t have thought so, but watching the guy give himself a very good grade for 2009 straight face and all during the same year he’s lost twenty points off his job approval rating, and at a moment when even blacks and gays are deserting him, you know, you have to wonder.

Is he happy just to be a one-term president just to say he’s been there and done that, and then sell some more books even if he is reviled as one of the worst in history? … Obama looked like he could’ve been something different. He ain’t. …

Fine and dandy. With the help of political enemies like this, the conservative right may regain the White House in 2012. Strange, though, to have to welcome such allies!