Quotes with Wisdom
In fairness to the impartiality of the Supreme Court, the poor as well as the rich have the right to spend unlimited amounts of money for political purposes.
In other words, the people of Iceland have not had their future mortgaged in order to bail out a bunch of greedy bankers.
Can you think of a better business model than being a Wall Street bank? You hand out 500 million credit cards to 118 million households, even though 60 million of the households make less than $50,000. You then create derivatives where you package billions of subprime credit card debt and convince clueless dupes to buy this toxic debt as if it was AAA credit.
Debt is backed with debt, based on debt, dependent on debt and leveraged with yet more debt. For example, today it is possible to buy a bond (i.e., lend money) on margin (i.e., with borrowed money).
Wall Street and major European banks usurped unprecedented money making power.
With complicit politicians, they make it the old fashioned way.
They steal it.
A tiny fraction of our society, a few hundred families, are in the process of purchasing our democracy, and they don’t plan to give it up once they own it. We are in a power struggle right now. People or donors?
A nation of sheep will beget a government of wolves.
— Edward R. Murrow
There’s no doubt that the banks are happy with this deal. You would be, too, if your bill for lying to courts and end-running the law came to less than $2,000 per loan file.
The mortgage debacle was equivalent to all the big car companies manufacturing cars that they knew were going to crash and buying life insurance on the people that they sold the cars to knowing that they would die so they could collect on both ends.
“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
President James Garfield, 2 weeks before his assassination.
Wealth inequality is not such a big problem when you are at the top of the income pyramid.
Food stamps really are a subsidy to businesses that do not pay their employees enough money to feed their families.
Whoever is in power in a society creates its money. If you want to know who is in power, look for the money-maker.
It is true that 50% of American workers pay no Federal income tax. It is also true that 50% of American workers make less than $25,000 per year. If these workers are employed in Philadelphia they pay 4% city income tax, 3% state income tax, 7.65% Social Security and Medicare tax, 6% sales tax on everything they buy, 15% state and federal taxes on gasoline, and they pay city and county property taxes whether they own or rent.
They keep talking about drafting a Constitution for Iraq …
Why don’t we just give them ours? It was written by a lot of really smart guys. It worked for over 200 years, and we’re not using it anymore.
If in the face of one medium-sized brokerage firm [MF Global] going under, the regulators will openly allow ordinary people to be ripped off for the sake of protecting the so-called “Systemically Important Financial Institutions”—in this case JPMorgan—what will happen if there is a system-wide run?
I’m left scratching my head trying to understand their animosity towards people drawing attention to the enormous debt based ponzi scheme that is our country, versus their silent acquiescence to the transfer of trillions in taxpayer dollars to the criminal bankers that have destroyed the worldwide financial system.
If governments everywhere are in debt, who are they in debt to? The answer is that they are in debt to PRIVATE BANKS. The “cruel hoax” is that governments are in debt for money created on a computer screen, money they could have just created themselves.
Ellen Brown, Author, Web of Debt
We are indentured to a Wall Street money machine that creates our money and lends it back to us at interest, money our sovereign government could be creating itself.
There is not much that the Federal Reserve won’t do behind the scenes to keep big banks flourishing. We just found out, 3 years after the fact, that they pumped a whopping $17.7 TRILLION in no interest money into the coffers of financial institutions whose lobbyists and media decry big government intervention and Socialism.
Have you ever bothered to wonder why there have been no real investigations and prosecutions of the bankers and the credit ratings agencies?
And why they have been permitted to continue to operate, largely unimpeded? Some of the banks may have become instruments of state policy, too big and important to prosecute. They and the state are becoming one.
Get a job….. after you take a bath
If you climbed out of your ivory tower
long enough you would be aware that there are over 25 million unemployed people in this country.
It’s amazing how so many millions of people became so lazy and shiftless after our economy was trashed in 2008 by the 1%ers, (yes people like you and those who bought YOUR influence).
Noun: An inner feeling or voice viewed as acting as a guide to the rightness or wrongness of one’s behavior.
Inequality hardens society into a class system, imprisoning people into the circumstances of their birth — a rebuke to the very idea of the American Dream
Elections are supposed to resolve conflicts in a great democracy, but our next one will not. The elites will face off against the elites to a standoff, and the issues animating the class war in both parties won’t even be on the table.
‘Occupy Wall Street’ is about saying “No.”
“No” to institutionalized greed of such vast width and breadth that it plunders our country even as it smiles around a mouthful of filet mignon.
“No” to the ocean of corporate cash that drowns our democracy.
“No” to rewarding the failure of frauds who proudly carry the banner of capitalism even as they enjoy the galloping socialism of the government bailout.
William Rivers Pitt
Since when have we Americans been expected to bow submissively to authority and speak with awe and reverence to those who represent us?
William O. Douglas
The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarch, more insolent than autocracy, and more selfish than a bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at the rear is my greatest foe.
In the Middle Ages, 2% of the people owned 90% of the wealth, now 1% of the people owe 95% of the wealth. We are worse than in the Middle Ages. We are serfs, and it is time for the serfs to revolt.
What is happening in Europe, and particularly in Germany, is beyond belief – a plan to prop up the hopelessly bankrupt financial states through deregulation of the financial sector. If legislation allow all this to happen you could have revolution in Germany and other countries. It is a frightful situation.
In the USA of all countries in the world, the police should have been deployed to PROTECT the protesters – not a giant brass bull that is the ultimate symbol of greed and corruption in America.
The police priority is to protect the biblical golden calf at the foot of the Temple of Greed where the elites worship their gods and Lloyd Blankfein does “God’s Work”. 2000 people occupy a square in New York to protest Wall Street greed, and there is hardly any mention of it in the corporate controlled media. More on this story…
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