Tag Archives: Wall Street

Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth, As the Economic Elite Make Off With $46 Trillion

Shocking statistics proving the economic elite have launched a deliberate systemic financial terrorist attack against 99.9% of the population.

by Alexander Higgins
Published: Aug. 12, 2011 -Alexander Higgins Blog

An all out campaign of corporate and government propagand has obscured the truth of the blatant reality that economic elite have raped and pillaged a generation of Americans.

The veil of secrecy that keeps us blinded to our oppressors is disguised beneath obfuscated financial data and blatantly manipulated government statistics.

The truth of the matter is every single American feels the stress and pain of  increasingly burdensome economic hardships on a daily basis.

While we have been fooled to believe our troubles are isolated the light of truth is revealed from the great dark beyond and the fog that clouds our thoughts begin to clear.

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The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System

Published: Oct. 20, 2011 – The Economic Collapse

Most people have no idea that Wall Street has become a gigantic financial casino.  The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end.  The word “derivatives” sounds complicated and technical, but understanding them is really not that hard.  A derivative is essentially a fancy way of saying that a bet has been made.  Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before.  Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion.  Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion.  The danger to the global financial system posed by derivatives is so great that Warren Buffet once called them “financial weapons of mass destruction”.  For now, the financial powers that be are trying to keep the casino rolling, but it is inevitable that at some point this entire mess is going to come crashing down.  When it does, we are going to be facing a derivatives crisis that really could destroy the entire global financial system.

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Blaming Wall Street Is Wrong

by Anthony Wile
Published: Oct. 01, 2011 – The Daily Bell

The Blame Wall Street meme is back. A popular movement called Occupy Wall Street is attracting attention by protesting in and around the US financial district. In this editorial, I want to examine what the protest means in a larger context.

The impulse of the demonstration is surely correct insofar as it goes. Today’s monetary system is likely creating a kind of globalist society verging on feudalism. But are the fingers pointing in the right direction? I’m not so sure. We’ve written about this in the past, here:

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“Business is Booming” – Wall Street’s Role in Narco-trafficking

by Mike Whitney
Published: Jun. 01, 2011 – Information Clearing House

Imagine what your reaction would be if the Mexican government agreed to pay Barack Obama $1.4 billion to deploy US troops and armored vehicles to New York, Los Angeles and Chicago to conduct military operations, set up check points, and engage in fire-fights that end up killing 35,000 US civilians on the streets of American cities.

If the Mexican government treated the United States like this, would you consider them a friend or an enemy?

But–the thing is–this is exactly how the US is treating Mexico, and it’s been going on since 2006.

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DOCUMENTARY – Inside Job (2010)

INSIDE JOB, 2010
by Charles Ferguson
Running time: 108 minutes
Distributed by Sony Pictures Classics
Country: United States

http://www.imdb.com/title/tt1645089/

‘Inside Job’ provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. The film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.

Imperialism – Bankers, Drug Wars And Genocide

by James Petras
Published: May 19, 2011 – Rense.com

In May 2011, Mexican investigators uncovered another mass clandestine grave with dozens of mutilated corpses; bringing the total number of victims to 40,000 killed since 2006 when the Calderon regime announced its “war on drug traffickers”. Backed by advisers, agents and arms, the White House has been the principal promotor of a ‘war’ that has totally decimated Mexico’s society and economy.

If Washington has been the driving force for the regime’s war, Wall Street banks have been the main instruments ensuring the profits of the drug cartels. Every major US bank has been deeply involved in laundering hundreds of billions of dollars in drug profits, for the better part of the past decade.

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The World’s Super-Rich

Billionaires Flourish, Inequalities Deepen as Economies “Recover”

by Prof. James Petras
Published: Mar. 23, 2011 – Global Research

Introduction

The bailouts of banks, speculators and manufacturers served their real purposes: the multi-millionaires became billionaires and the later became multi-billionaires. According to the annual report of the business magazine Forbes there are 1,210 individuals – and in many cases family clans – with a net value of $1 billion dollars (or more). There total net worth is $4 trillion, 500 billion dollars, greater than the combined worth of 4 billion people in the world. The current concentration of wealth exceeds any previous period in history; from King Midas, the Maharajahs, and the Robber Barons to the recent Silicon Valley – Wall Street moguls of the present decade

An analysis of the source of wealth of the super-rich, the distribution in the world economy and the methods of accumulation highlights several important differences with major political consequences. We will proceed to identify these specific features of the super-rich, starting with the United States and follow with an analysis of the rest of the world.

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Rumsfeld’s Award, Unrest in Egypt and Food Crises

by James Corbett
First Published: Feb. 14, 2011 – The Corbett Report

This is James Corbett of corbettreport.com with your Sunday Update for this 13th day of February, 2011.

Leading the news this week, war criminal Donald Rumsfeld was on hand at this year’s Conservative Political Action Conference in Washington, D.C. to receive an award signifying his status as a Defender of the Constitution.

The honour was particularly baffling to observers who noted that in his time as Secretary of Defense under George W. Bush, Rumsfeld oversaw the unconstitutional imprisonment of American citizens without trial, the unconstitutional torture of detainees under American detainment at Abu Ghraib, the unconstitutional Information Operations Roadmap, which instructed US psyops personnel that American military propaganda could be used against the American population and the unconstitutional declaration of the Coast Guard as a branch of military under the newly-formed and unconstitutional Department of Homeland Security in 2003 with the unconstitutional authority to administer martial law on civilians.

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Record pay for Wall Street executives in 2010

by Tom Eley
Published: Feb. 03, 2011 – WSWS

While the great majority of the American population is suffering from the consequences of mass unemployment, pay-cutting, record foreclosures, and ruthless cuts to all forms of social spending, America’s corporate elite are flush with record pay and profits.

According to a new study by the Wall Street Journal, total compensation handed out to employees at publicly traded Wall Street banks hit a record $135 billion in 2010, an increase of 5.7 percent over the combined payout in 2009.

The $135 billion in “compensation” given to the lords and ladies of Wall Street is $10 billion more than the combined budget deficit of $125 billion facing 44 states and the District of Columbia for fiscal year 2012—budget deficits that will be used to cut funding for schools, food stamps for the hungry, health care for the poor and working class, and unemployment compensation for the jobless.

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Food Speculation: ‘People die from hunger while banks make a killing on food’

It’s not just bad harvests and climate change – it’s also speculators that are behind record prices. And it’s the planet’s poorest who pay

by John Vidal
Published: Jan. 23, 2011 – Guardian

Just under three years ago, people in the village of Gumbi in western Malawi went unexpectedly hungry. Not like Europeans do if they miss a meal or two, but that deep, gnawing hunger that prevents sleep and dulls the senses when there has been no food for weeks.

Oddly, there had been no drought, the usual cause of malnutrition and hunger in southern Africa, and there was plenty of food in the markets. For no obvious reason the price of staple foods such as maize and rice nearly doubled in a few months. Unusually, too, there was no evidence that the local merchants were hoarding food. It was the same story in 100 other developing countries. There were food riots in more than 20 countries and governments had to ban food exports and subsidise staples heavily.

The explanation offered by the UN and food experts was that a “perfect storm” of natural and human factors had combined to hyper-inflate prices. US farmers, UN agencies said, had taken millions of acres of land out of production to grow biofuels for vehicles, oil and fertiliser prices had risen steeply, the Chinese were shifting to meat-eating from a vegetarian diet, and climate-change linked droughts were affecting major crop-growing areas. The UN said that an extra 75m people became malnourished because of the price rises.

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Wall Street celebrates record profits

by Tom Eley
Published: Jan. 18, 2011 – WSWS

JPMorgan Chase’s profit report for 2010, released Friday, has become the occasion for a celebration by the American plutocracy of the return of the good old days before the Wall Street crash of 2008. Jamie Dimon, JPMorgan’s CEO, summed up the general mood of the financial elite when he declared the bank’s record profits to be evidence of a “broad-based economic recovery,” adding, “I think the future is extremely bright.”

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The Vicious Circle of Debt and Depression

by Ismael Hossein-Zadeh
Published: May 14, 2010 – CounterPunch

Never before has so much debt been imposed on so many people by so few financial operatives—operatives who work from Wall Street, the largest casino in history, and a handful of its junior counterparts around the world, especially Europe.

External sovereign debt, as well as occasional default on such debt, is not unprecedented [1]. What is rather unique in the case of the current global sovereign debt is that it is largely private debt billed as public debt; that is, debt that was accumulated by financial speculators and, then, offloaded onto governments to be paid by taxpayers as national debt. Having thus bailed out the insolvent banksters, many governments have now become insolvent or nearly insolvent themselves, and are asking the public to skimp on their bread and butter in order to service the debt that is not their responsibility.

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With A Deficit Like Ours, Who Needs Enemies…?

by Giordano Bruno
Published: Feb. 09, 2010 – NeitherCorp Press

For decades, spurred by the alluring snake oil sales pitch of Keynesian Economics, U.S. financial analysts and Wall Street investors have operated on the assumption that indeed, “greed is good,” but debt… debt is better. Average Americans, bathed in an overwhelming deluge of “easy money,” were convinced to abandon their traditions of thrift and sound saving sense and throw caution to the wind. The U.S. government, along with an inviting Treasury and private Federal Reserve, took on a policy of historical deficit spending which has yet to relent. The rationale for this behavior being force fed to the masses was a strange one; somehow, by creating a significant margin of debt, we could conjure a kind of ‘financial gravity,’ a force of monetary physics that could drive our economy forward in perpetual motion. Of course, anyone who knows the laws of physics understands that energy, and thus motion, cannot be created from nothing. Something must be expended in order for something to be gained. America’s banking elite were attempting to defy the laws of physics and balance as they apply to finance; creating illusory wealth in the form of “credit” which they in fact never intended to be paid back.

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While America Drowns, Obama and the Elites Party

by Stanislav Mishin
Published: Jan. 26, 2010 – Pravda.ru

There is, yet again, something very Romanesque about the state of the Americans, their empire and their collapse. As the US continues to sink in its co-UK created economic armageddon, the ruling regime enjoys the fruits of its labour of looting and swindling. This is the great “Democracy” they sell us, overseas.

As the year ended, America suffered one of its worst months for employment. Sure, reading the official Ministry of Propaganda (so called free press) reports showed only a mere another 85,000 Americans as loosing jobs, or rather the work force shrinking by that amount, so it takes the UK Telegraph (America slides deeper into depression as Wall Street revels ) to report the real situation, that 650,000 unemployed were moved into a category named “No Longer Searching For Jobs”. This is how the American regimes “honestly” tell the population that the unemployment rate is not going up and the lie they tell the rest of us, fortunate not to live under this deceit. This is the category that DC uses to dump the unwanted, unneeded and unemployable waste, its workers who no longer get government unemployment help and can go starve for all the elites care. After all, judging by the head lines out of DC, for the Haitians there is money, for their own unemployed, shelters and bread lines. This category has been growing by nearly half a million every month for the last year.

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One year since Obama’s inauguration

by Jerry White
Published: Jan. 20, 2010 – WSWS

One year ago today, on January 20, 2009, Barack Obama was sworn in as the 44th president of the United States. The event was greeted with enthusiasm in the US, as well as in Europe, the Middle East and elsewhere. Many millions around the world hoped the long period of political reaction in the US was finally ending. A year later, this wishful thinking has turned into disillusionment, anger and opposition.

Some 2 million people gathered in Washington on Inauguration Day to celebrate the end of the Bush years. From the opening words of his address, however, Obama indicated that he would continue the policies of his Republican predecessor that had been repudiated by the American people.

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Pay at top Wall Street firms estimated at $145 billion in 2009

Jan. 16, 2010 – WSWS

The Wall Street Journal published an estimate Thursday that total pay at the largest Wall Street firms reached $145 billion last year. The Journal’s figure, based on preliminary figures, is more than any other year in history.

JP Morgan strengthened this prognosis Friday by announcing that it paid its employees $9.3 billion in 2009, 18 percent more than in 2008. The figure sets a new record for the bank, up from $7.9 billion in 2007 and $8.1 billion in 2006.

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Depleted Uranium a tool to depopulate the world

by Sepp Hasslberger
Published: Apr. 09, 2006 – IndyBay.org

War, Epidemics, Depopulation – Rough Times Ahead Having read this article of Justin Raimondo yesterday, I caught a glimpse of a vision of destruction. Something that might await us just around the bend, like starting in less than two-weeks’ time, when Iran is scheduled to open their new oil bourse where black gold will be traded in Euro, not in Dollars.

If you consider the dangers of man made pandemics, such as AIDS and the successor to last year’s SARS, the Bird Flu, the scourge of depleted uranium or even just of the normal application of pharmaceutical medicine, which has become one of the major causes of death, it does not take a vivid imagination to see destruction awaiting a significant part of the planet’s population…

… unless, of course, we should manage to wake up in time and take back control from those who would lead us to the brink of extinction to forward their policy objective of a marked reduction in population numbers.

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