Skip to main content

Home/ Socialism and the End of the American Dream/ Group items tagged financial-oligarchs

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
Paul Merrell

Article: Ukraine President Once Agent for U.S. State Department | OpEdNews - 0 views

www.opednews.com/...ate-Department-140609-372.html

war & peace U.S.-foreign-policy Ukraine puppet-state

shared by Paul Merrell on 11 Jun 14 - No Cached
  • Is he still working for his former masters in Washington, DC? Two diplomatic messages from the WikiLeaks Public Library on U.S. Diplomacy indicate that newly elected President of Ukraine, Petro Poroshenko was an agent for United States State Department. A confidential message from the U.S. Embassy in Kiev on April 29, 2006 mentions the newly elected Ukraine president twice. " During an April 28 meeting with Ambassador, Our Ukraine (OU) insider Petro Poroshenko emphatically denied he was using his influence with the Prosecutor General to put pressure on Tymoshenko lieutenant Oleksandr." " During an April 28 meeting with Ambassador, Our Ukraine (OU) insider Petro Poroshenko denied that he was behind Prosecutor General Oleksandr Medvedko's recent decision to issue an arrest warrant for Tymoshenko lieutenant Oleksandr Turchynov. " [to] question him about the alleged destruction of SBU [Ukraine intel] files on organized crime figure Seymon Mogilievich." [Russian Mafia Boss of Bosses] WikiLeaks Public Library of U.S. Diplomacy
  • Another mention of Poroshenko made it clear that the State Department saw the future value of Poroshenko's insider role. "OU-insider Petro Poroshenko was in the running for the PM job." WikiLeaks Secretary of State Hillary Clinton met with the current president in 2009 when he served as Ukraine Foreign Minister. The content of the meeting was described in a confidential message from the U.S. Embassy in Kiev on December 18, 2009: [Speaking to Ukraine Foreign Minister Petro Poroshenko] "She [Secretary of State Clinton] emphasized that the United States envisioned multiple pathways to NATO membership." WikiLeaks
  • Since he was doing his work in secret, and he was "our insider," it follows that Poroshenko played the role of agent:" someone hired or recruited by an intelligence agency to do its bidding. The person to whom the agent reports -- the actual agency employee--is known as an operative." Encyclopedia of Espionage, Intelligence, and Security Poroshenko is a Ukrainian oligarch, one of the fifty or so wealthiest citizens who run the country. It is unlikely the president got cash for his services but highly likely that he extracted financial advantage as a result.
  • Paul Merrell on 11 Jun 14
     
    Surprise, surprise. A tip of the hat to Bradley Chelsea Manning and Wikileaks. There's more on the article's second page.
Paul Merrell

Bernie Sanders Asks Fed Chair Whether the US Is an Oligarchy | The Nation - 0 views

www.thenation.com/...fed-chair-whether-us-oligarchy

U.S. oligarchy Sanders Yellen

shared by Paul Merrell on 09 May 14 - No Cached
  • If the US Senate really is the world’s greatest deliberative body, it ought to consider consequential questions. That does not happen often in a Senate where trivia tends too frequently to triumph over issues of substance. But Senator Bernie Sanders, I-Vermont, raised what might just be the most substantial issue of all Wednesday, at a Joint Economic Committee hearing where Federal Reserve board chair Janet Yellen was testifying. The senator began with the facts: “In the US today, the top 1 percent own about 38 percent of the financial wealth of America. The bottom 60 percent own 2.3 percent. One family, the Walton family, is worth over $140 billion; that’s more wealth than the bottom 40 percent of the American people. In recent years, we have seen a huge increase in the number of millionaires and billionaires, while we continue to have the highest rate of childhood poverty in the industrialized world. Despite, as many of my Republican friends talk about ‘the oppressive Obama economic policies,’ in the last year Charles and David Koch struggled under these policies and their wealth increased by $12 billion in one year. In terms of income, 95 percent of new income generated in this country in the last year went to the top 1 percent.“ Sanders then introduced an academic study, by Martin Gilens and Benjamin Page, that concludes, “The central point that emerges from our research is that economic elites and organized groups representing business interests have substantial independent impacts on US government policy, while mass-based interest groups and average citizens have little or no independent influence.” That sounds like an oligarchy.
  • So Sanders asked Yellen: “In your judgment, given the enormous power held by the billionaire class and their political representatives, are we still a capitalist democracy or have we gone over to an oligarchic form of society in which incredible enormous economic and political power now rests with the billionaire class?” Yellen did not answer “yes.” But she did say, “There’s no question that we’ve had a trend toward growing inequality and I personally find it a very worrisome trend that deserves the attention of policy makers.” She also expressed concern that trends toward growing inequality “can shape [and] determine the ability of different groups to participate equally in a democracy and have grave effects on social stability over time.”
Joseph Skues

Say goodbye to small farms - 0 views

trib.com/...50-581a-94fa-08bd1e8093c8.html

banksters financial-oligarchs finacial-crisis obama-socialism obammunism s.510 Banksters

shared by Joseph Skues on 19 Nov 10 - No Cached
  • Posted: Friday, November 19, 2010 12:00 am |
  • In effect, the federal government is gradually collectivizing the farms, although it is careful to use euphemisms for its activities such as "safety" and "modernization" to avoid getting us peasants in an uproar. Soon the only folks who will be able to comply with this regulatory quagmire will be the huge corporate farms; bye-bye small farmers and ranchers.
  • unny, I don't see their authority to enact this bill in the Constitution.
  • ...2 more annotations...
  • Sen. Mike Enzi has cosponsored S510
  • riday, November 19, 2010 12:00 am
Gary Edwards

American Thinker: Reality Check on the Record of Big, Bad Capitalism - 0 views

www.americanthinker.com/...ty_check_on_the_record_of.html

obammunism crony-capitalism financial-oligarchs Banksters banksters

shared by Gary Edwards on 22 Apr 10 - Cached
  • Gary Edwards on 22 Apr 10
     
    President Obama's core economic tenet is fairness; the unfairness of our economic system needs remedy in his view. Equality of outcome rather than equality of opportunity is the root principle. A forced redistribution of wealth will act as an equalizer for the past sins of capitalism.  The administration, the congressional majority, and an agreeable media are systematically dismantling free-market mechanisms and installing a centrally regulated command economy, all for the sake of fairness. Evidence over the last fifteen months is overwhelming:  government takeovers of major industries and individual companies; massive ramp-up of government regulations on industry; tax changes to force re-distribution of wealth; and lectures on behavior by our Grand Arbiter of Fairness, the president. The consequences for all 330 million Americans are enormous. But where is the clear, unemotional evidence of either how bad it's been under capitalism or how many more people will benefit under the new system? What is the alternative system? Where is it working today? All we have seen are a string of anecdotes and a parade of victims. Wall street bonuses are bad; out-of-work people are victim; millionaires don't deserve their wealth; change will make it better.
Gary Edwards

10 Things You Don't Know (or were misinformed) About the GS Case | The Big Picture - 1 views

www.ritholtz.com/...0-things-you-dont-know-gs-case

GS Goldman-Sachs SEC financial-oligarchs fraud barry-ritholtz Banksters banksters

shared by Gary Edwards on 23 Apr 10 - Cached
  • Gary Edwards on 23 Apr 10
     
    1. This is a Weak Case:  Actually, no - its a very strong case. Based upon what is in the SEC complaint, parts of the case are a slam dunk. The claim Paulson & Co. were long $200 million dollars when they were actually short is a material misrepresentation - that's Rule 10b-5, and its a no brainer. The rest is gravy. 2. Robert Khuzami is a bad ass, no-nonsense, thorough, award winning Prosecutor:  This guy is the real deal - he busted terrorist rings, broke up the mob, took down security frauds. He is now the director of SEC enforcement. He is fearless, and was awarded the Attorney General's Exceptional Service Award (1996), for "extraordinary courage and voluntary risk of life in performing an act resulting in direct benefits to the Department of Justice or the nation." When you prosecute mass murderers who use guns and bombs and threaten your life, and you kick their asses anyway, you ain't afraid of a group of billionaire bankers and their spreadsheets. He is the shit. My advice to anyone on Wall Street in his crosshairs: If you are indicted in a case by Khuzami, do yourself a big favor: Settle. 3. Goldman lost $90 million dollars, hence, they are innocent:  This is a civil, not a criminal case. Hence, any mens rea - guilty mind - does not matter. Did they or did they not violate the letter of the law? That is all that matters, regardless of what they were thinking - or their P&L. 4. ACA is a victim in this case: Not exactly, they were an active participant in ratings gaming. Look at the back and forth between Paulson's selection and ACAs management. 55 items in the synthetic CDO were added and removed. Why? What ACA was doing was gaming the ratings agencies for their investment grade, Triple AAA ratings approval. Their expertise (if you can call it that) was knowing exactly how much junk they could include in the CDO to raise yield, yet still get investment grade from Moody's or S&P. They are hardly an innocent party in this. 5
Paul Merrell

Dianne Feinstein, Strong Advocate of Leak Prosecutions, Demands Immunity For David Petr... - 0 views

firstlook.org/...emands-immunity-david-petraeus

feinstein patraeus elites prosecutorial-immunity leaks Assange Snowden

shared by Paul Merrell on 13 Jan 15 - No Cached
  • David Petraeus, the person who Feinstein said has “suffered enough,” was hired last year by the $73 billion investment fund KKR to be Chairman of its newly created KKR Global Institute, on top of the $220,000/year pension he receives from the U.S. Army and the teaching position he holds at Harvard’s John F. Kennedy School of Government. Let us all pause for a moment to lament the deep suffering of this man, and the grave injustice of inflicting any further deprivation upon him. In 2011, I wrote a book, With Liberty and Justice for Some, that examined the two-tiered justice system prevailing in the U.S.: how the U.S. imprisons more of its citizens than any other country in the world (both in absolute numbers and proportionally) often for trivial transgressions, while immunizing its political and economic elites for even the most egregious crimes. Matt Taibbi’s book, The Divide, examines the same dynamic with a focus on the protection of economic elites and legal repression of ordinary citizens in the wake of the 2008 financial crisis. This latest example from Feinstein is one of the most vivid yet. She wanted Julian Assange – who isn’t even a U.S. citizen and never served in the U.S. Government – prosecuted for espionage for exposing war crimes, and demanded that Edward Snowden be charged with “treason” for exposing illegal eavesdropping which shocked the world. But a four-star general who leaked classified information not for any noble purpose but to his mistress for personal reasons should be protected from any legal consequences.
  • Long-standing mavens of DC political power literally believe that they and their class-comrades are too noble, important and elevated to be subjected to the rule of law to which they subject everyone else. They barely even disguise it any more. It’s the dynamic by which the Obama administration prosecuted leakers with unprecedented aggression who disclose information that embarrasses them politically while ignoring or even sanctioning the leaks of classified information which politically glorify them. It is, of course, inconceivable that someone like Dianne Feinstein would urge the release of ordinary convicts from prison on the ground that their actions are “in the past” or that they have “suffered enough.” This generous mentality of mercy, forgiveness and understanding - like Obama’s decree that we Look Forward, Not Backward to justify immunity for American torturers - is reserved only for political officials, Generals, telecoms, banks and oligarchs who reside above and beyond the rule of law.
Paul Merrell

Greece delays EU agreement on Russia sanctions | World news | The Guardian - 0 views

www.theguardian.com/...-eu-agreement-russia-sanctions

economic-warfare EU Greece Russia Ukraine

shared by Paul Merrell on 02 Feb 15 - No Cached
  • The new Greek government has picked its first fight with the European Union, delaying agreement on further EU sanctions against Russian-backed separatists in Ukraine. The move raised European and Nato fears that Moscow might seek to exploit the hard left and extreme right coalition under Alexis Tsipras as a Trojan horse within the key western alliances.
  • Before the foreign ministers’ meeting, the 28 EU ambassadors in Brussels met to draft the decisions to be discussed by the ministers. The Greek ambassador refused to agree to the key passage on sanctions – prolonging the blacklisting of 132 individuals and 28 “entities”, mainly in eastern Ukraine and Crimea.
  • Nikos Kotzias, the new Greek foreign minister, said Greece wanted to “prevent a rift” between Russia and the EU, although both sides have been in acute conflict for the past 10 months over Moscow’s assault on Ukraine. Kotzias was later quoted by Reuters as telling the meeting: “We are not against every sanction. We are in the mainstream, we are not the bad boys.”
  • ...2 more annotations...
  • Tsipras said he was launching a war on Greece’s oligarchs and on tax evasion by the wealthy. He predicted that the negotiations with the EU over Greece’s debt burden would be long and difficult. While the financial dispute is by far the biggest issue in the fallout from the Greek election, diplomats and officials in Brussels are surprised that the new Athens team chose to pick a fight over Russia and Ukraine. The Greeks, like the Greek Cypriots, are broadly pro-Russian but have not previously threatened to veto EU action.
  • Officials speculated that Tsipras was using the Russia issue as a bargaining chip in the bigger fight over debt relief. If so, the gambit would go down badly as a crude blackmail attempt. With violence surging in eastern Ukraine and EU-Russia relations getting ever chillier, Moscow threatened to quit the Council of Europe, the Strasbourg-based human rights body which has nothing to do with the EU, after the council’s parliamentary assembly, grouping MPs from the member states, voted narrowly to strip Russia of its voting rights.
Paul Merrell

Foreign Secretary Warns Russian Sanctions "Will Hit UK Economy" | Zero Hedge - 0 views

www.zerohedge.com/...-sanctions-will-hit-uk-economy

war & peace Russia sanctions UK EU blowback

shared by Paul Merrell on 01 Aug 14 - No Cached
  • More blowback... UK Foreign Secretary Philip Hammond suggests imposing sanctions on Russia are a shared sacrifice that European nations must make. While the sanctions were "designed to maximize the impact on Russia and minimize the impact on EU economies," he warns his fellow Britons that, "It will affect our economy..." As RT notes, London will likely be hit hardest among the EU powers because of its intimate financial relationship with Moscow and we are already seeing UK home prices fall as oligarch flows slow.
Paul Merrell

Wall Street: The Trump-China missing link - RT Op-Edge - 0 views

www.rt.com/...61057-wall-street-trump-china-

economy China globalism banksters Trump Auction 2016 musto-read

shared by Paul Merrell on 01 Oct 16 - No Cached
  • The yuan is about to enter the IMF’s basket of reserve currencies this coming Saturday - alongside the US dollar, pound, euro and yen. This is no less than a geoeconomic earthquake. Not only does this represent yet another step in China’s irresistible path towards economic primacy; the Chinese currency’s inclusion in the Special Drawing Rights (SDR) basket will also lead central banks and hyper-wealthy funds – especially from the US – to increasingly buy more Chinese assets.At the first US presidential debate, Donald Trump took no prisoners, criticizing China’s currency manipulation. This is what he said:“You look at what China’s doing to our country in terms of making our product, they’re devaluing their currency and there’s nobody in our government to fight them… They’re using our country as a piggy bank to rebuild China, and many other countries are doing the same thing.”
  • Well, China is not “making our product”; the manufacturing process is Made in China – then exported to the US. Most of the profits benefit US corporations – everything from design, licensing and royalties to advertising, financing and retail margins. If the mantras manage to spell out a partial truth - the US has lost manufacturing jobs to China, China is the “factory of the world” – they don't spell out the hidden truth that those who profit are essentially major corporations.China does not “devalue their currency”; the People’s Bank of China periodically adjusts the yuan according to a very narrow band. The major practitioners of quantitative easing (QE) are actually the US, as well as Japan and the European Central Bank (ECB). And the currency of global consumer goods manufacturing continues to be the US dollar, not the yuan.
  • Beijing also is not “using our country as a piggy bank to rebuild China.” This is all about balance of payments. What US consumers spend on Made in China products – many of them delocalized by US corporations – is pumped back to the US as capital inflows that keep interest rates down and help to support the Empire of Chaos’s global hegemony.
  • ...6 more annotations...
  • For all his incapacity to formulate thoughts above the language skills of a third grader, Trump has been piling up astonishing proposals that resonate wildly, way beyond the “basket of deplorables” spectrum.
  • Trump’s attention span is notoriously minimalist. If his advisers managed to imprint – tweet? - a few one-liners on his brain, he would be able to explain to US public opinion how the US-China game is really played, something that all relevant parties in both nations know by heart.And the – crucial - missing link in the whole game is Wall Street.This is how it works.
  • The bottom line is that to recover US manufacturing jobs – as Trump has been forcefully promising – he will have to stare down the whole Wall Street finance oligarchy.So no wonder these oligarchs – responsible for shipping all those US manufacturing jobs to Asia and lavishly profiting from bailouts to the 'Too Big To Fail' racket – hate him with all their golden-plated guts.
  • He is against Cold War 2.0 and the pivot to Asia, when he says “wouldn’t it be nice to get along with Russia and China for a change?”He no less than pre-empted WWIII when he said he would be against a US nuclear first-strike.He totally abhors global “free trade” – from NAFTA to TPP and TTIP - because it has “hollowed out the lives of American workers”, as US corporations (under Wall Street’s “incentive”) delocalize and then import back into the US tariff-free.
  • Trump was even open to nationalizing Wall Street banks after the 2008 financial crisis.
  • So we’re faced with the ultimate surrealist spectacle of a billionaire denouncing corporate globalization, which has been responsible for stripping the US lower middle classes of countless, decent blue-collar jobs and social benefits – not to mention turning them into hostages of rotting public infrastructure. And all that with absolutely no one among the US establishment condemning the most astonishing wealth transfer to the 0.0001% in history.If in the next two presidential debates Trump points to the crucial missing link in the whole plot – Wall Street - he might as well lock on as a surefire winner.
« First ‹ Previous 41 - 49 of 49
Showing 20▼ items per page