The China Threat – Global Crisis Hot Spots & Pressure Points
Posted October 21, 2018
The global financial reset has begun.
Let it be known that the resolution of the financial crisis in Turkey can be regarded as the first critical step in the Global Financial RESET, which has already begun. This is according to consensus among the Jackass colleagues. The introduction to critical steps has been the ongoing Deutsche Bank rescue and Italian banking system life support, in the West. The introduction to critical steps has been the creation of the Gold-Oil-Yuan futures contracts in the East.
THE GLOBAL RESET BEGAN A FEW MONTHS AGO, WITH NO MARQUEE SIGNS, NO FLASHING LIGHTS, NO BANDS, NO HOOPLA. The banker cabal prefers that the public is ill-prepared, since the elites among them are busily preparing their positions for tremendous profits in the $trillions, equal to the losses expected by the clueless public. More…
The Game is Rigged: Congress Invites No Consumer Privacy Advocates to its Consumer Privacy Hearing
By Ernesto Falcon and India McKinney
Posted October 20, 2018
The Senate Commerce Committee is getting ready to host a much-anticipated hearing on consumer privacy—and consumer privacy groups don’t get a seat at the table. Instead, the Committee is seeking only the testimony of big tech and Internet access corporations: Amazon, Apple, AT&T, Charter Communications, Google, and Twitter. Some of these companies have spent heavily to oppose consumer privacy legislation and have never supported consumer privacy laws.
They know policymakers are considering new privacy protections, and are likely to view this hearing as a chance to encourage Congress to adopt the weakest privacy protections possible—and eviscerate stronger state protections at the same time.
It is no coincidence that, in the past week, two leading industry groups (the Chamber of Commerce and the Internet Association) have called for federal preemption of state data privacy laws in exchange for weaker federal protections. The upcoming hearing at the Senate Commerce Committee may be the launch pad for this strategy of undoing stronger state laws. More…
Once We Awaken
by Rudy Avizius
Posted October 19, 2018
As we move through the journey of life, many people are experiencing a sense of dis-ease, that something is off-kilter, that the narratives we are receiving do not match the reality we are experiencing. There is great hope in this knowledge because once one recognizes this dissonance the process of awakening begins.
Deep down way inside, you may have suspicions
that much what we’re told, are but veiled omissions
The narratives are controlled by a small handful of people who determine what issues and discussions we should be examining. As we watch the main stream news and follow social media, the news and discussions we see are mostly spectacle designed to boost ratings with little or no coverage of the real issues such as: our wars without end, corporate and big money control of government and media, or anything critical of the powers that be. Most of the journalists we see on the main stream media are basically celebrity faces who no longer practice journalism, but are simply parroting what those in power want them to say with little effort made to investigate and corroborate the stories. There is great hope in recognizing this knowledge, as it allows one to view the narratives more critically and to filter out what does not resonate with them. More…
Of course the tax cuts are good for the banks
By Emily Stewart
Posted October 18, 2018
Even without the Republican tax cuts, United States banks would have made $49.4 billion in the first three months of 2018 alone. But thanks to their reduced tax bill, they got an extra $6.6 billion, bringing in $56 billion in total. And there are plenty of signs the banking industry’s tax-bill boom is on track to continue — take Bank of America, which saw its tax bill fall to $1.7 billion in the second quarter of this year from $3 billion last year, a 43 percent drop.
It’s not a bad time to be in the banking industry, and the GOP tax bill has made it even better. More…
What Keeps Them Up At Night?
by Jim Quinn
Posted October 18, 2018
The tenth anniversary of the Wall Street created financial catastrophe brought back some bittersweet memories this week. I wrote my first articles during the summer/fall of 2008 for Seeking Alpha. I was full of piss and vinegar. I was outraged by the actions taken by Paulson, Bernanke and Bush in bailing out criminal bankers with our money. This ensemble of accurate and acerbic articles led to requests for appearances on Glenn Beck’s CNN show, Neil Cavuto’s show, and several others. My need for my day job led me to turning down the invitations. I did several radio interviews, but kept a relatively low profile.
Ten years later, I’m running low on piss and vinegar. Irrationality reigns. Abnormal is the new normal. Delusions and new paradigms rule the day. During manias it is virtually useless to try and use facts and rational arguments against propaganda, misinformation and hype. The delusional will have to be clubbed like a baby seal once again to regain some sense of reality. More…
Billionaires Are the Lethal Monkey on the Back of the American Public
by Robert Scheer
Posted October 17, 2018
This week on “Scheer Intelligence,” Anand Giridharadas, whose latest book is “Winners Take All: The Elite Charade of Changing the World,” discusses “how rich people and philanthropists and others are engaged in this well-meaning attempt to make the world better … but upholding through their actions an indecent system.” He describes this as a system in which the market and its needs come before the needs of the people, a system that allows the rich and powerful to be seen as philanthropic rather than the malignant force they represent. They would be, as Tolstoy opined, the guy on the American back, choking our society and destroying our economy.
They do so in the name of the distorted libertarian ideology that they use to subvert the American experiment in democracy, by denying the legitimacy of government intervention into the economy on the side of fairness and justice, including decent working conditions, fair wages, regulation of the economy and the right to form unions to represent workers and fight for their interests. More…
The Bailouts for the Rich Are Why America Is So Screwed Right Now
by Matt Stoller
Posted October 16, 2018
Did they prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all.
It’s worth reflecting on this quote on the ten-year anniversary of the financial crisis, because it speaks to how the architects of the bailouts shaped our culture. Tim Geithner, Ben Bernanke, and Hank Paulson, the three key men in charge, basically argue that the bailouts they executed between 2007 and 2009 were unfair, but necessary to preserve stability. It’s time to ask, though: just what stability did they preserve?
These three men paint the financial crisis largely as a technical one. But let’s not get lost in the fancy terms they use, like “normalization of credit flows,” in discussing what happened and why. The excessively wonky tone is intentional—it’s intended to hide the politics of what happened. So let’s look at what the bailouts actually were, in normal human language. More..
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