Category Archives: Wall Street Bandits

Money Doesn’t Talk, It Swears

Greed is a fat demon with a small mouth and whatever you feed it is never enough.

– Janwillem van de Wetering

Money doesn’t talk, it swears


-Bob Dylan

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”.

Advertising signs they con
You into thinking you’re the one
That can do what’s never been done
That can win what’s never been won
Meantime life outside goes on
All around you

-Bob Dylan
A good while back at my local grocery store I noticed that there was a big sign with red letters taped to the front of the service desk that emphatically stated: WE NO LONGER ACCEPT ROLLED CHANGE. It was more than a bit sad to think that things were so bad with rising costs and declining incomes that people were having to pay for food using scavenged rolls of pennies but some enterprising genius was going around down here in the diseased penis of America formally known as Florida putting in these machines that converted such coinage to an easy to use debit card – for a fee of course. When I first saw this new phenomenon the big economic collapse of 2008 was still in the future, there was still much hot air in the housing bubble, the cruel practice of ruthless real estate developers buying up trailer parks and then kicking retirees off of them was in full swing as was the conversion of shitbox apartments to 120,000 + per unit condos. The retirees, a good many of the likely stunned at the sucker punch given that they had played by the rules all of their lives but now found themselves homeless and today quite possibly without their pensions as the looting spree escalates were early victims in the enormous fleecing of the past five years. Now, wherever these old folks may be and that is presuming that they are still alive the coming threats to Medicare and Social Security are just over the horizon. The politically connected criminals on Wall Street need the money to gamble with, the new wave of Koch Brothers backed fascist governors such as Scott Walker, Rick Scott, Rick Snyder and John Kasich have taken the class war to the next level and there are more wars coming, you can count on that.

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.

People,at least those with jobs, are having to dig deeper these days, much deeper now that oil prices are setting records, food prices are spiking although the masses of asses don’t really get it yet because of the latest bit of trickery in hiding food costs in smaller containers and overinflated bags and the dollar is dropping like a bag of shit dropped from a tall building. Of course the official government line is that inflation is not a problem but most lies are of course comprised of half-truths mixed with outright lies and and one of the great lies is that core inflation doesn’t include either food or energy costs, it’s right up there with capitalism and democracy being interchangable.There is no real argument that can be made that financial sector hasn’t been gamed to the point of collapse by the economic chicanery of the same sort of scoundrels who George Washington once referred to as a “squadron of corrupt paper dealers” and Frankin D. Roosevelt called out the same unscrupulous bandits as “economic royalists”. There are of course other more profane things we can call them the pack of greed-headed traitors who sold out America for chump change like unscrupulous slumlords bleeding a depressed property before dumping it to find more suckers to leech off of but it was America’s delusional worship of such rapacious, monstrous psychopaths that allowed the grand fucking to occur.
For every fucker there must be at least one fuckee and in a country in which the idolization of money and wealth for the sake of the worship of false gods as Donald Trump, J.R. Ewing Jack Welch there is no shortage of either. With the rise of Reagan and the rolling out of that shining gold plated calf Americans lined up to suck it’s poisonous cock, maxing out the credit cards, being sucked into debt slavery by a sham system set up for that express purpose and by withdrawing into self-contained atmospheres of toxic greed and covetousness while ignoring those things that really and truly matter in order to pursue that cheap television electronic crack high of the pursuit of the mythical American dream. The greatest bait and switch in American history was that period after the Powell Memorandum laid out the game plan for the Reagan juggernaut that would destroy the unions, gut the regulatory agencies for fun and profit and produce a mutant generation that now believed that the path to success and prosperity came courtesy of the lottery and grotesquely insidious scams like winning it big on Who Wants to be A Millionaire or getting the chance to lick Donald Trump’s balls for a shot at the big time in The Apprentice rather than the unspoken traditional pact of loyalty and hard work between employee and employer mapped out a path to prosperity and created a middle class that was the envy of the world and made dreams possible of a unique national destiny to change the world for the better. Then the festering nest of fascist vipers that has always existed in this country hijacked that dream and turned it into a nightmare.
We are now reaping reaping the whirlwind for a quarter century of disastrously corrupt and fundamentally flawed economic philosophy rot from the demonic little gnome Milton Friedman and the amphetamine jacked goddess of greed Ayn Rand that rode in on Reagan’s coattails, or maybe it was the opposite but make no mistake, the average American will be the one left holding the proverbial flaming bag of dogshit while the looters have finished strip-mining the land and will laugh all the way to their offshore tax shelters and foreign banks. Americans have been indoctrinated to blame themselves for their lack of wealth and to view the poor as lazy lepers and the wealthy as superior human beings.
Howard W. Campbell Jr. from Kurt Vonnegut’s classic Slaughterhouse Five:
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.
Where are the role models? Our history has been scrubbed and sanitized by the economic royalists and the fascists to eliminate any mention of true heroes of the working class and of a real democratic society. The vast majority of those compliant little consumers that have for too long been churned out by a starved for funds and battered into submission school public school system that has been turned into a nationwide network of drone factories (one of the only things that we mass produce in America anymore) have never heard of those who sacrificed for those things that came to be taken to granted to the point where they are now being taken away.
Where is there any mention given of Eugene Debs or of Joe Hill or of Saul Alinsky or of Mother Jones? What about General Smedley D . Butler who called out the blood barters with his tract War Is A Racket and his exposure of the Business Plot where wealthy traitors schemed about a coup against FDR? What is taught about Huey Long? I mean other than the widely accepted narrative of a power mad, corrupt tyrant instead of the man who scared the living shit out of the elitist establishment with his “Share Our Wealth” program that made the New Deal look like Reaganomics. Long stood up to entrenched interests and the moral rottenness of looter capitalism, he built roads, bridges, hospitals and schools as well as provided free textbooks and he even dared to take on the almighty Rockefellers and Standard Oil. Long railed against institutionalized corruption with his “every man a king” type of populism and he was making dangerous noises about running for president. The ending of the Huey Long story is all too predictable and familiar: he was of course assassinated.
And what of Hellen Keller? The little girl who overcame blindness and deafness and whose struggles with her handicaps are taught to American children as an example of how to overcome adversity as they are indoctrinated to the lies of a society that demands sacrifice and backbreaking work from the lesser classes as unquestioning slaves to the whims of the modern pharaohs on Wall Street. She has been sanitized, turned into a Horatio Alger version of the little engine that could while her later life as a social activist goes ignored. Hellen Keller would grow up to be a champion of women’s suffrage, she would join the Industrial Workers of the World and to help to found the American Civil Liberties Union. She was a socialist who dared to speak out against the power base and their exploitation and for that sin her life has been through revisionist history turned into a perverse fairy tale and yet another myth to bolster the system that would make slaves of us all. The little engine that could was very quickly uncoupled from the rest of the train once the narrative switched tracks from one of inspirational value to one of social justice.
And there are others, there are many others who risked all to end child labor, to fight for equality and the forty-hour work week and unemployment protection and workers rights, workplace safety and a right to basic human decency but they go largely unheard of. A good and easy to read book about the working class American labor movements that I recommend is Sharon Smith’s Subterranean Fire because let’s face it, it is a hell of a rock that has to be rolled up that hill and education is necessary in order for the  deprogramming to occur. Official history is always written by the victors rather than the vanquished and because most of lying is through omission the banishment of American progressives from our history is a calculated and cynical effort to distort and distract until the final goal of a massive redistribution of wealth upwards and offshore has been completed and the country has been bankrupted and beggared by the economic royalists. Then the looters will either retreat behind the walls of their gated communities, hire private security firms for protection from the unwashed masses or flee this goddamned husk of a once great economic power altogether, their loyalty has always been to green and gold rather than red, white and blue.
With the American elevation of greed to a virtue and pigs like Trump and his ilk given adulation and honor instead of the shunning that they would receive by a sane society it is evident that the situation that we currently find ourselves in is in fact a prolonged, self-inflicted suicide.

 

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Greedy Pigs Launch Counter Offensive

Having brought our reality show TV prez to heel, stolen trillions from the taxpayers through their moles in the government and fat and happy from their record bonuses the evil empire that is Goldman Sachs is now fighting back. Bloomberg announced that Wall Street (aka Goldman Sachs) has enlisted two lackeys of the Frankenstein of financial chicanery Hank Paulson to take their propaganda and shove it down the throats of the American sheeple. The timing is a bit off though and so is their overestimation of the ability of the American Idiots to disengage from their electronic crackpipes, Whacko Jacko kicked the bucket yesterday so a lot of money for this sewage could be saved – but hey, it’s mostly TARP mad money anyway ain’t it. Anyway, while the corporate media vultures are picking the meat from Jacko’s still warm corpse the story that I refer to is Wall Street Sets Campaign on Populist Overreaction. Seems like the anger directed at AIG’s plundering and Jim Cramer and CNBC’s lies has the financial oligarchs a bit restive although that anger has been tamped down by the three months running Green Shoots public relations campaign.

Here is an excerpt from the Bloomberg piece:

June 25 (Bloomberg) — Wall Street’s largest trade group has started a campaign to counter the “populist” backlash against bankers, enlisting two former aides to Treasury Secretary Henry Paulson to spearhead the effort.

In memos of confidential meetings with top financial executives, the Securities Industry and Financial Markets Association said it began this month the “execution phase” of the operation, which pledges to “embrace change” and accountability. The plan targets policy makers and the media in New York, London, Washington and Brussels and calls for a “city-by-city, grass roots” approach.

The securities industry “must be perceived as part of the solution, which will allow it to better defend against populist overreaction,” the documents, prepared for a June 17 meeting of SIFMA’s board, said.

The board meeting minutes and staff-written papers, obtained by Bloomberg News, outline the program crafted by polling, lobbying and public relations companies paid at least $85,000 a month. The memos provide a glimpse, in often candid language, into how Wall Street is grappling with its pariah status.

“It is imperative that in this historic period of reform, the industry be recognized as playing a positive role in seeking change and providing solutions to the problems we face,” one of the documents said. “There is currently widespread skepticism about the industry’s commitment to this needed change.”

In other words LIES…LIES..LIES to lure the suckers back into the casinos that were propped up by the Pope of Hope rather than the serious structural problems that caused the implosion to occur be corrected. What Goldman Sachs did is best explained by Matt Taibbi in his latest piece from Alternet Suck On Our Yachts.

This isn’t really commerce, but much more like organized crime: it was a gigantic fraud perpetrated on the economy that wouldn’t have been possible without accomplices in the ratings agencies and regulators willing to turn a blind eye. Imagine a meat company that bred ten billion rats, fattened them on trash and sewage, ground their bodies into chuck, and then sold it all as grade-A ground beef to McDonald’s and Burger King, right under the noses of the USDA: this is exactly the same thing, only with debt instead of food. We’re eating it, they’re counting the money.

That is the best explanation of the swindlers’ financial alchemy that I have ever seen and one that even 200 million Michael Jackson mourners could understand. Now as I stated in a post that I did last week about the fascination over Iran’s phony ‘Green Revolution’ (Green shoots, Green Revolution…..yada fucking yada, you would think that for as much money as they are paid that the public relations shops would at least have some originality) that Americans love a good revolution as long as they don’t actually have to arise off of their sofas, put down their remotes and participate. What Goldman Sachs, the Great Satan has done to us all should have millions of pitchfork and torch bearing taxpayers marching on Wall Street demanding mass lynchings. They certainly have time on their hands now that they are fucking unemployed and homeless.

But American capacity for outrage is limited to silly wedge issues, who was it that once said that he could hire half of the working class to kill the other half. Anyway, in wrapping up I want to bring attention to this delightful little piece from the foreign press on what our vastly more sophisticated European cousins are capable of when ripped off by the greedmongers.

German pensioners ‘kidnap and torture their investment adviser’
http://www.timesonline.co.uk/tol/news/world/europe/article6565206.ece

A group of well-to-do pensioners who lost their savings in the credit crunch staged an arthritic revenge attack and held their terrified financial adviser to ransom, prosecutors said yesterday.

The alleged kidnapping is the latest example of what is being dubbed “silver crime” — the violent backlash of pensioners who feel cheated by the world.

“As I was letting myself into my front door I was assaulted from behind and hit hard,” the financial adviser James Amburn, a 56-year-old German-American, said. “Then they bound me with masking tape until I looked like a mummy. I thought I was a dead man.”

He was freed by 40 heavily armed policemen from the counter-terrorist unit last Saturday. The frightened consultant was in his underwear, his body lacerated by wounds allegedly inflicted by angry pensioners.

It appears that two couples had entrusted Mr Amburn’s investment company with €2.4 million (£2 million), which he ploughed into Florida’s boom-and-bust property market. The properties became forfeit during the sub-prime mortgage crisis but the couples wanted their money back.

After being bundled into the boot of an Audi in the west German town of Speyer, Mr Amburn was driven southwards to Chieming, close to the Austrian border, where one of the couples Roland K, and his wife, Sieglinde, 79, had a holiday home.

The financial adviser claims he was held there in a cellar for four days almost naked, fed soup twice a day and beaten. Another couple, Gerhard F, 63, and his wife, Iris, 66, both retired doctors, allegedly helped to torture the prisoner.

“I was beaten. They threatened again and again to kill me,” Mr Amburn said. At least two of his ribs were fractured.

Mr Amburn says he tried to escape once when he was permitted to smoke in the garden. He scaled the wall and ran though the rain in his underpants calling for help.

The pensioners pursued him in their car, shouting: “Stop that man! He’s a burglar!” Two locals pinned him to the pavement and he was taken back to the cellar, where he claims he received another beating.

The investment consultant’s break came when he was allowed to send a fax to a Swiss bank asking for the transfer of the funds demanded by the gang.

On the fax he pretended to refer to call options and to insurance policies (the German word for a financial policy is police). This came out as “call.pol-ice.”

They didn’t notice it but someone at the bank was bright enough to spot it,” Mr Amburn said.

The pensioners are under arrest on suspicion of deprivation of liberty, torture and inflicting grievous bodily harm. These charges carry a maximum of 15 years in prison.

“They were angry because they invested money in propertites in Florida and he lost it all,” Volker Ziegler, chief public prosecutor in Traunstein, said.

The numbers of attacks by elderly people had been rising fast even before the financial crisis hit savings. A three-man gang of pensioners is serving long jail terms for mounting 14 bank robberies across Germany to boost their retirement funds.

Rudolf Richter and brothers Wilfried and Lothar Ackermann were entitled only to modest state pensions of between €100 and €400 a month.

They became enraged by the size of bankers’ bonuses and over nine years — ending in their arrest in 2005 — netted more than €1.3 million. Police recovered only half that sum.

“It is unbelievable how easy it is to rob a bank,” Wilfried Ackermann, 73, boasted during the trial. The men held carrots in their pockets pretending that they had pistols.

On one of the raids Richter, 74, slipped on an icy pavement, dropped the loot and had to be carried to the getaway car.

I can’t happen here.

Fozzie Bear Fascism

“The most difficult choice a politician must ever make is whether to be a hypocrite or a liar.”

-Unknown

Despite some wonderful rhetoric in a major speech given in the a police state in total lockdown last week when he visited Cairo newly crowned President Barack Obama is by the nature of his position of figure head of the American Empire a major disappointment to this point. The Cairo speech was astonishing in that an American President actually went into the heart of the Muslim world, admitted U.S. culpability in the 1953 CIA coup to overthrow democratically elected Iranian leader Mohammad Mosaddeq. Now of course, in the age of the internet (prior to the coming Chinese style censoring of it) the Iranian coup and the installation of the blood drinking puppet the Shah of Iran and his savage torture regime there is really no sense in denying this anymore, it was a hell of a gesture and he deserves credit for it, especially since it puts a gigantic bug up the asses of the dark forces and their nearly half-century reign of malevolence on behalf of big U.S. corporations and the financial oligarchs.

Obama also dared to speak harshly of our very ’special friend’ Israel which is refreshing given the long history of their involvement in propagandizing America, shaping foreign policy through their vicious, take no prisoners intimidation tactics of a vast lobby here in The Homeland. The agents of Israel have long been engaging in spying on Americans, buying and blackmailing the Congress to ensure that they retain the upper hand and that the Palestinians are treated as sub-humans and terrorists in the U.S. media. The tough talk with Israel (let’s see some action instead of words now) is welcome and very ballsy and Obama is now going to face the withering attack of the fascist Republican neocons, the dead-ender brownshirts of their knuckle-dragging Rapture death cult base and the knives of the bought and paid for Democrats in a Congress that arch-conservative pundit Pat Buchanan referred to as “Israeli occupied territory”. With enemies like these diseased pigs I would certainly hope that Mr. Obama has some pretty damned good (and loyal) security. With the Newt Gingrich-Rush Limbaugh angry army being whipped into a foaming at the mouth frenzy the assassination plots will grow exponentially as the extremists grapple for the right conditions for their return to power in 2010 or 2012.

The speeches aside, as of this day it is beginning to look increasingly apparent that once again Americans have been suckered, duped, swindled and bent over at the ballot box. The grand campaign trail rhetoric of CHANGE is just another empty slogan as Mr. Obama continues to not only flip-flop like an oxygen starved carp on the shore of the sewage collection facility known as Washington D.C. but to slyly reinforce some of the worst transgressions of the more openly fascist Bush-Cheney Axis of Evil. Despite the promises of CHANGE we still live in a high-tech police state that has not been reigned in an inch, the Obama administration is still down with illegal domestic spying and is even going to the extreme in pushing for the ability to shut down the internet, the framework for an authoritarian system of oppression beyond anything ever dreamed of in America is not only being kept but it is being augmented with twisted Stalinist legal mechanisms like preventative detention. He reneged on the release of the torture photos (they reputedly include graphic images of the rape of children) under pressure from fascist elements in a contradiction (LIE) that his government would be open. The wars of course go on, only the venues change, drones are blasting civilians on a near daily basis and with the ruthless assassination specialist General Stanley McChrystal taking command in Afghanistan it looks like the Phoenix Program has been resurrected and of course the big lie of Al Qaeda as global villians invoked to justify the ongoing imperialism. The restarting of military tribunals is also a stab in the back.

Of course Obama screwed us all by saving the Wall Street looters, the presence of some of the most notorious fixers on the planet Tim Geithner and Larry Summers among others should never have been confirmed due to their conflicts of interest to the financial oligarchs. The price that you are now paying at the pump is a direct result of Obama’s refusal to close the casino window and instead of nationalizing the crooked banks, cleaning them up and then returning them to private hands they were allowed to survive. The ballyhooed stress tests were a fraud and the recent Lazarus style rise of the markets is more attributable to a ‘The Surge is Working’ style of propaganda campaign as well as the chaning of the mark to market accounting rules that allowed derivatives with the worth of used toilet paper to be booked at whatever value that the Wall Street jackals happened to pull out of their asses to show phantom profitability. Now the oil speculators are back in business and 4 bucks a gallon is on the way. With a great fix like that for the economy (the real collapse is still coming) one has scant hopes that any sort of a legitimate first world style national healthcare system is coming, it is a certainty that the insurance industry leeches will still be attached to our backs.

Obama has also slagged the so-called radical left (actually they are anything but in fascist USA) elements of his base by failing to implement liberal/progressive policies. The feckless shoot down of ‘don’t ask don’t tell’ being the latest. Being a veteran myself and having served with gays (who were closeted out of necessity) I must say that they served with honor and that I would share a foxhole with a gay soldier any day rather than with a dickless, cringing Republican chickenhawk. The corporatist Democrats treat the base the same way that the fascist Republicans do the Jesus juicing ‘Christian’ base, they fire them up and then once elected throw them under the bus. I voted for Obama, it was the threat of Sarah Palin being a heartbeat away from the presidency that made that choice for me, I kept seeing pictures of Hitler and Hindenberg in my mind. Now I wish that I had only done the right thing and voted for Nader or Cynthia McKinney, at least my dignity would be intact.

Anyway, if I were to spend much time on putting together a laundry list of Obama’s lies, half truths and prevarications it would take me just too long and it’s off to the salt mine time. I will however post this delicious piece from Ted Rall in it’s entirety:

Desperate and Afraid, People Trust Leader

WASHINGTON, NORTH AMERICAN PROTECTORATE, GREATER GERMAN REICH–From Honolulu to Portland, Maine, North American citizens of the Greater German Reich gathered on June 6th to celebrate the 65th anniversary of the victory of Axis forces at D-Day, the battle that decided World War II. Fallen heroes of the Wehrmacht and SS were commemorated at solemn ceremonies and Party rallies throughout the Reich, but the day held special meaning in Washington, which until 1945 was the capital of the former United States.

Speaking at the Supreme Kommandatur, which was built at the site of the former American presidential palace, Chancellor Adolf Hitler III said the war against the Western Allies paved the way for the years of peace and prosperity that followed. “It was unknowable then, but so much of the progress that would define the 20th century, on both sides of the Atlantic, came down to the battle for a slice of beach only six miles long and two miles wide,” he said.

Recollections of the National Socialist triumph at Normandy were clouded by several developments–a severe recession, a war with no apparent end in sight, and continuing concerns over human rights abuses.

Hitler III swept into power last November with a slogan–“change you can believe in”–that charmed members of the Reichstag across the political spectrum from far right to extreme right. Since that time, however, changes have proven either incremental or non-existent. For example, Hitler III promised during the campaign to help national comrades in danger of losing their homes–but instead spent trillions of marks to bail out feckless banks. He promised to withdraw from the Eastern Front, but has extended the pullout timeline by a year, is leaving tens of thousands of troops in place, and even plans to open a new front in South Asia.

Finally, he declared his intent to close Auschwitz (“Germany does not ‘do’ genocide,” he said) only to move the remaining inmates to other camps, which are being expanded.

Despite the lack of action, most people continue to support the charismatic new Leader. “He has a lot on his plate,” says Kristof Mathewsohn, the cable TV commentator. “Give the guy time.”

Indeed, five months into his chancellorship, the Leader remains the most trusted figure in North American politics. A new poll of homeless, recently dispossessed workers found that 72 percent trust Hitler III “to do the right thing.”

“In watching and listening to Hitler III’s press conferences, it’s easy to appreciate why people trust him,” said a man who preferred to remain anonymous because, as a Jew, he could be arrested and murdered by the state. “Sure, I wish he’d shut down the gas chambers and the ovens, but he has a lot of other problems to fix first. I’m sure he’ll get around to investigating the guys in the previous administration for their role in the Holocaust–nothing drastic, maybe a truth and reconciliation commission or something.”

Members of the media remain in thrall to the Leader’s suave persona, which is magnified by the glamour his statuesque wife and adorable daughters have brought to Germania (formerly Berlin). “Finally–parties we can believe in!” quipped a reporter as he slipped into a sold-out Wagner performance where Hitler III and his family appeared for a long-promised “date night.”

Few have forgotten that Hitler III offered the best alternative. “We live in a one-party system,” pointed out Rachel Maddoff, host of “The Rachel Maddoff Show.” “Can you imagine how much worse it would have been had Hitler III lost?”

We will be left with nothing but our mouths to laugh with due to the failures of this latest political administration of charlatans. Not that it wasn’t predictable given the vast amounts of Clinton era toxic waste that has been pumped back into Washington. The laughing may soon stop though as the Obama administration policies continue to totally alienate progressives and liberals by the thousands with each and every betrayal – hell, they seem to come every fucking day don’t they? The fascist Republican hydra is now in full regeneration mode, the blast furnaces of the hatred of the fucked, failed and doomed provide the fuel for the engine of this doomsday machine. Wanna think of something even worse than Obama’s Fozzie Bear Fascism? Imagine a return to power of a full blown fanatic party, boiled down to the purest and most potent form, like black tar heroin returning to power starting next November when progressives and liberals decide that they are finished having the big red, white and blue dick rammed up their poop chutes with a nice jellied red hot habanero pepper sauce for lube.

And the torture state apparatus is only being strengthened and institutionalized every day that Lord Obama and the Vichy Democrats allow it to exist.