Category Archives: Idolizing the Rich
– Janwillem van de Wetering
Money doesn’t talk, it swears
As the cancer that is looter capitalism continues to devour America in order to perpetuate it’s necessity to show continuous growth as we now enter the final monopoly stages it would be wise to realize that none of this were to have happened had our society not glorified the rich, condemned the poor and become damned by greed and lack of compassion. The zero sum game that is big time American capitalism (which is not to be confused with free enterprise) the decades of pillage and conquer abroad not nearly enough to feed the insatiable rapacious monster which is fueled by pure greed has come home to roost. I am often reminded of that old Stephen King story Survivor Type where the dude is marooned on a barren and deserted island with nothing but a gargantuan amount of heroin and has to amputate parts of his body to eat in order to survive. This is the late stage of capitalism, the one that those foul devils Karl Marx and Vlad Lenin as well as every influential thinker with any common sense warned about. This is the continuation of the vaunted ownership society….they own your ass!
Forget the mass hallucination that was George W. Bush’s ownership society, the miraculous run up in home prices where the average shmoe could dream of becoming a real live real estate kingpin like the noxious Donald Trump by flipping houses just like the big boys. With the glorious magic of ever increasing property values Americans could just take out huge home equity lines of credit and live beyond their wildest means, filling their McMansions with shit that they couldn’t afford using money that they didn’t have, all of which debt was then being packaged off into derivitives, what the exalted high priest of the temple of American mammon Warren Buffett aka the Oracle of Omaha once himself called financial weapons of mass destruction. The big banks couldn’t lend money fast enough, with shoddier standards or any foresight of what might happen were the party to stop, largely because the loans were being pureed and repackaged into mortgage backed paper (more like toilet paper) that was immediately sold to investors while the con artists who created it were also using credit default swaps to bet against it. The pigs were gorging themselves in an unprecedented orgy of greed, corporations were getting fat while using the relatively new practice of offshoring to divest themselves of jobs for Americans in favor of lower paid workers in India and other locales and manufacturing was being systematically dismantled in favor of using plants in China. All of it was great until the waning days of the Bush administration when the shit hit the fan and the whole thing blew up.
While phony conservative pundits foist off the blame for the economic collapse on the usual bogeyman black people for taking out loans that they couldn’t afford to pay back, a fake narrative that the racist white trash teabaggers gobbled up like frosted bullshit biscuits it was just another big lie. It would be far more accurate to point the finger at the pasty white social climbers who turned into wheeler dealers as they churned housing, taking out risky loans (which the Wall Street temples of avarice pumped out with full knowledge of their toxicity) to plunk down on skyrocketing properties which they briefly held before selling to the next schmuck. It was only a matter of time until the music stopped and a good many of the greedy bitches and bastards were left without chairs, any sane person could see that it wasn’t real. Then there were the TV addled dopes, the Boobus Americanus who actually bought their dream homes, mini-mansions in exurbia with polished marble countertops, more rooms that they needed and had to be furnished by maxing out the plastic and the two and three car garages in which they could park their SUVs. It was of course a massive disaster waiting to happen and when it all came crashing down former Treasury Secretary Hank Paulson (also former CEO of Goldman Sachs) went on bended knee to Congress to get a one of those nice taxpayer funded bailouts for all of his criminal buddies on Wall Street. Then came TARP (interesting acronym for something used to cover up a massive swindle) which both Bush and Obama signed off on and in layman’s terms dry-fucked millions of Americans in the ass so that the banksters could continue to get their bonuses and the revolving door between Washington and Wall Street could keep spinning. Matt Taibbi has done a great job of muckraking journalism on the gross plunder and pillage that Wall Street, especially Goldman Sachs (or as I refer to them, the Great Satan) engaged in for Rolling Stone magazine. Taibbi’s work is must reading for those seeking to understand how viciously the anal rape of America by the big banks has been, see The Great American Bubble Machine or the book Griftopia for his writing on the crime of the century.
For awhile though it actually looked like there could be systemic change, had Obama had any balls he would have ordered the nationalization of the big banks, the liquidation of all derivatives and appointed a Wall Street crime czar with endless resources, subpoena power and a mandate to thoroughly cleanse the system. Back in early 2009 the financial racketeers were on the ropes, AIG executives were besieged by protesters at their homes, CNBC con-artist Jim “Mad Money” Cramer was being publicly pilloried and left-gatekeeper Bill Maher went on HBO and suggested that hanging two randomly picked bankers by the big board at the New York Stock Exchange with their balls in their mouth would set a good example. Then something happened, the tide turned in favor of the big banking racketeers who had bamboozled Americans by the millions to buy their yachts, only in America could something this obscene happen, a land where cunning hatchetman CEO’s are treated as gods and decades of incessant propaganda have effectively brainwashed a population that while incapable of understanding the most basic concepts of incremental losing into actually thinking that one day they too can be rich!
The bankster pushback actually started with CNBC’s greasy little pimp Rick Santelli went off on camera in the much hyped rant on the floor of the Chicago Mercantile Exchange that effectively co-opted the former libertarian tea party movement and brought it under Republican/Koch Brothers control. That would have serious implications later on with the mass counterattack by big business as they had in the blink of an eye with a big assist from FOX an army of angry, ignorant, racist fatties to mobilize as brownshirts against any sort of serious reform efforts. It has always amazed me (but not really) how so many could be so easily duped into action against their own economic self-interests, in a historical sense the Tea Party (just a rebranding of the die hard haters of the GOP base post-Bush) is on the side of the British Monarchy although rich in irony it is far beyond their comprehension. The next step of the bankster’s Battle of the Bulge was the ‘leaked’ internal memo by Citi’s Vikram ‘the bandit’ Pandit that things really aren’t that bad after all which put a floor on the stock market plunge. Then came the 60 Minutes appearance of Ben Bernanke, Obama’s re-appointed Bush holdover Fed Chairman that there were marvelous “GREEN SHOOTS” of an economic recovery already popping up, Bernanke’s jacking off of the public was followed by Tim Geithner’s obviously rigged stress tests of the banks. Lost in all of the hype and propaganda was another critical part of the effort to deceive the sheep into lining up for another shearing at the Wall Street casino tables, the Financial Standards Accounting Board (FASB) quietly changed the mark-to-market rules so that the worthless toilet paper mortgage backed securities could now be valued at whatever the pit bosses desired. The hustle had been pulled off, soon the media was focusing on the staged Tea Party bund rallies against Obamacare (really a massive giveaway to the insurance parasites) and Bernanke was crowned as Time’s Man of the Year (now changed to person of the year thanks to the political correctness Nazis).The greedheads got bailed out, the taxpayers got the shaft and the looting spree was back on. To borrow a great analogy from gadfly Webster Tarpley (which I paraphrase) in reference to the bailout – when Dracula is sucking the blood out of a victim the thing to do is to pull him off and drive a stake through his heart but the Obama administration is trying to save the victim by giving Dracula a blood transfusion and hoping that it would flow back into the victim or something along those lines, I don’t have the exact wording.
Now two years after the Santelli dog and pony show, the Citi memo and GREEN SHOOTS the economy is still a disaster, the dollar is in freefall, Bernanke has the printing presses set on ramming speed and there are widespread flareups of unrest largely thanks to food prices sent into the stratosphere by pigs who speculate in commodities. Look for matters to only get worse too, it’s now obvious that the Japanese government has been lying about the massive humanitarian catastrophe thanks to TEPCO’s Fukashima radioactive meltdown which I strongly suspect is motivated by the need to keep the global derivatives casino open for business and there is austerity coming to America along with a failed political system that has neither the will nor the desire to treat the rapidly metastasizing capitalist cancer. Food prices are about to explode her in Der Heimat thanks to gas prices well on the way to 4 bucks a gallon and yet another ruinous and expensive war. As Hunter S. Thompson once wrote: “In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: Not necessarily to Win, but mainly to keep from Losing Completely”.
There will be no help for anybody but the pigs at Goldman Sachs and JP Morgan Chase coming from the Obama administration, face it people, the only change that the Pope of Hope really ever stood for was left cover for the gargantuan redistribution of wealth upwards. Obama is quite obviously even worse than Bush as the wars continue and mount in number (under the malarkey guise of humanitarian interventions), the torture never stops, the constitution continues to be disemboweled and the airports are filled with dooling thugs in TSA uniforms with the full blessing of the U.S. government to feel up prepubescent little boys and girls. Hell, Bush never could have gotten away with that one and when it comes to economic relief, Le Enfant Terrible did actually send people checks for $600. I always got a sardonic little kick out of the silly liberals who only made excuses for Obama (and still do) in that he was the chess master, or Michael Jordan just studying the opposing team’s defense and ready to explode at any moment into a whirling dervish of athletic daredeviltry as he broke down the formidable defense of the Bad Boys for the championship hardware. The truth, and it is as dark as the proverbial black steer’s tookus on a moonless prairie night is that Obama is the chess master, it’s checkmate for the working class and he is just like Michael Jordan, a greedy, amoral, selfish multimillionaire prick who once commented “Republicans buy sneakers too” rather than doing the right thing in using his global celebrity to promote progressive social change.For some reason Jordan’s famous quote conjures up one of Obama’s, the one where he proclaimed that if Americans were being denied their right to collectively bargain that he would put on his own pair of comfortable shoes and join them on the picket lines. This alas like so many other things (wars,closing Gitmo, renegotiating trade pacts etc) was just more of the same bullshit about hope and change marketed by Wall Street’s soon to be new bagman at 1600 Pennsylvania Ave.
America is the wealthiest nation on Earth, but its people are mainly poor, and poor Americans are urged to hate themselves. To quote the American journalist Kin Hubbard “It ain’t no disgrace to be poor, but it might as well be.” It is in fact a crime for an American to be poor, even though America is a nation of poor. Every other nation has folk traditions of men who were poor but extremely wise and virtuous, and therefore more estimable than anyone with power and gold. No such tales are told by the American poor. They mock themselves and glorify their betters. The meanest eating or drinking establishment, owned by a man who is himself poor, is very likely to have a sign on its wall asking this cruel question: “If you’re so smart, why ain’t you rich?” There will also be an American flag no larger than a child’s hand glued to a lollipop stick and flying fom the cash register.
Americans, like human beings everywhere believe that many things are obviously untrue. Their most destructive untruth is that it is very easy for any American to make money. They will not acknowledge how in fact hard money is to come by, and therefore those who have no money blame and blame and blame themselves. This inward blame has been a treasure for the rich and powerful, who have had to do less for their poor, publicly and privately, than any other ruling class since, say Napoleanic times. Many novelties have come from America. The most startling of these, a thing without precedent, is a mass of undignified poor. They do not love one another because they do not love themselves.
When elevating the moneychangers to revered figures Americans have bought the disinformation funded by the plutocrats decades long spending spree on think tank ‘experts’, news manipulation and balls out bribery of public officials to rig the game for the rich. In a decomposing corpse of a once vibrant economy it is only natural that the biggest maggots eat the best. Donald Trump is a shining example, more visible than the rank and file crooks and robbers who don’t happen to be household names like Lloyd Blankfein, Dick Fuld, Ken Lewis and Jamie Dimon the mouthiest multi-millionaire in America is the one who is king. For all of his millions one would figure that a pathologically vain egomaniac like ‘The Donald’ could at least afford a decent rug to put on his head, so much for the beautiful rich. And now Trump is ready to make a presidential bid in 2012, he is already invoking the Birther bullshit to appeal to the peckerwoods and if he has any serious political sense soon will start dropping his g’s to appeal to the dumber than dogshit red state fascists. He will need someone with clout for V.P. though, likely the moonbat Michelle Bachman who can mobilize brigades of the fucked over by the system but too ignorant to blame it on anyone but the niggers and A-rabs of teabaggers. Sarah Palin has for the most part been kicked to the curb like yesterday’s garbage after her idiotic “blood libel” response to the Tuscon shooting where she portrayed herself as the real victim, not Congresswoman Gibson, a federal judge and a handful of others including a nine-year old girl who were murdered. Just imagine President Trump, Vice President Bachmann now that would be something for it would once and forever strip the veil of legitimacy from the gangster fascist state that is America and it’s population of fear-filled, overfed and undereducated nitwits, it would be there for the entire world to see.
I often reference the work of Chris Hedges, a man who I feel is the moral beacon of these heinous times. His latest piece, The Collapse of Globalization truly sums up the hopeless mess that is America in terminal decline and I excerpt the following below::
We are seduced by this childish happy talk. Who wants to hear that we are advancing not toward a paradise of happy consumption and personal prosperity but a disaster? Who wants to confront a future in which the rapacious and greedy appetites of our global elite, who have failed to protect the planet, threaten to produce widespread anarchy, famine, environmental catastrophe, nuclear terrorism and wars for diminishing resources? Who wants to shatter the myth that the human race is evolving morally, that it can continue its giddy plundering of non-renewable resources and its profligate levels of consumption, that capitalist expansion is eternal and will never cease?Dying civilizations often prefer hope, even absurd hope, to truth. It makes life easier to bear. It lets them turn away from the hard choices ahead to bask in a comforting certitude that God or science or the market will be their salvation. This is why these apologists for globalism continue to find a following. And their systems of propaganda have built a vast, global Potemkin village to entertain us. The tens of millions of impoverished Americans, whose lives and struggles rarely make it onto television, are invisible. So are most of the world’s billions of poor, crowded into fetid slums. We do not see those who die from drinking contaminated water or being unable to afford medical care. We do not see those being foreclosed from their homes. We do not see the children who go to bed hungry. We busy ourselves with the absurd. We invest our emotional life in reality shows that celebrate excess, hedonism and wealth. We are tempted by the opulent life enjoyed by the American oligarchy, 1 percent of whom control more wealth than the bottom 90 percent combined.The celebrities and reality television stars whose foibles we know intimately live indolent, self-centered lives in sprawling mansions or exclusive Manhattan apartments. They parade their sculpted and surgically enhanced bodies before us in designer clothes. They devote their lives to self-promotion and personal advancement, consumption, parties and the making of money. They celebrate the cult of the self. And when they have meltdowns we watch with gruesome fascination. This empty existence is the one we are taught to admire and emulate. This is the life, we are told, we can all have. The perversion of values has created a landscape where corporate management by sleazy figures like Donald Trump is confused with leadership and where the ability to accumulate vast sums of money is confused with intelligence. And when we do glimpse the poor or working class on our screens, they are ridiculed and taunted. They are objects of contempt, whether on “The Jerry Springer Show” or “Jersey Shore.”The incessant chasing after status, personal advancement and wealth has plunged most of the country into unmanageable debt. Families, whose real wages have dropped over the past three decades, live in oversized houses financed by mortgages they often cannot repay. They seek identity through products. They occupy their leisure time in malls buying things they do not need. Those of working age spend their weekdays in little cubicles, if they still have steady jobs, under the heels of corporations that have disempowered American workers and taken control of the state and can lay them off on a whim. It is a desperate scramble. No one wants to be left behind.