Dirty Money

26 02 2016

“As stunning as it may sound, an argument can be made that neither the Nazi Party’s rise to power nor even WWII itself could have happened without the backing of U.S. industry and finance. Cash contributions through the 1920’s and ’30’s helped elevate Hitler’s brownshirts from mere street thugs to a political party and financed “off  hailhail01budget” ops for the SS. Before and after the U.S. entered the war, military equipment and critical technology transfers flowed from U.S. corporations and subsidiaries to the Third Reich.”

Loyal to their Class, Unhinged from Democracy
by Mike Ferner





A Dispatch from the Front – Berkeley

14 12 2014

Berkeley: How We Shut Down Peter Thiel And Ended Up With Guns In Our Faces

“On December 10th, 2014, the ambiguous multitudes of the Counterforce found themselves at the gates of UC Berkeley waiting for the fifth night of protests to begin. For the past weeks, the many cities of the Bay Area have been engulfed in an upheaval against the police and the racist, capitalist order they maintain. As we all know, the police are the dogs of the ruling class and serve as punching bags for the public to hit when angered. Unfortunately for the ruling class, these punching bags have egos, emotions, and psychoses that cannot be contained and sometimes overflow. The police have been given free reign to terrorize us all for centuries and are accustomed to murdering with impunity, spreading lies to the public, and engaging in every manner of criminal enterprise, just as lower classes have always known. The ruling class has no choice but to allow the various police brotherhoods their sick powers in exchange for maintaining capitalist order. But now that the police have grown out of control and are creating disorder, the ruling class is seeking to replace them. The only problem is that the robots are not quite ready yet.”

(more)      http://www.indybay.org/newsitems/2014/12/11/18765439.php

1pctHwy

 





Christmas Comes Early for Wall Street

13 12 2014

It’s beginning to look a lot like looting . . .

5 Awful Things Congress Snuck Into the Omnibus Budget Deal

LINK –  http://youtu.be/xh5yCKlK2Ak

More rottenness snuck into the budget from Zero Hedge.





Alarm bells sound louder over danger of financial collapse – WSWS

9 08 2014

World Socialist Website:

“Warnings are mounting internationally that the global financial system is heading for another disaster as a result of the flood of virtually free cash to the banks and speculators from the US Federal Reserve and other central banks.

On Tuesday, the British daily Telegraph published an article entitled “Global economy one shock away from another crisis.” It cited comments from the financial firm Fathom Consulting, run by former Bank of England economists, to the effect that the present calm in the markets is masking the build-up of risks in the global financial system. . . .  “

http://www.wsws.org/en/articles/2014/08/08/pers-a08.html

Zero Hedge:

How The Destruction Of The Dollar Threatens The Global Economy

“The failure to understand money is shared by all nations and transcends politics and parties. The destructive monetary expansion undertaken during the Democratic administration of Barack Obama by then Federal Reserve chairman Ben Bernanke began in a Republican administration under Bernanke’s predecessor, Alan Greenspan. Republican Richard Nixon’s historic ending of the gold standard was a response to forces set in motion by the weak dollar policy of Democrat Lyndon Johnson.

For more than 40 years, one policy mistake has followed the next.  Each one has made things worse. The most glaring recent example is the early 2000s, when the Fed’s loose money policies led to the momentous worldwide panic and global recession that began in 2008. The remedy for that disaster? Quantitative easing—the large monetary expansion in history.…”

http://www.zerohedge.com/news/2014-08-08/guest-post-how-destructio%3Fn-dollar-threatens-global-economy





NSA Sold Out by its OWN Director – Who Sold Spy Booty to Banks < UPDATED

5 08 2014

Former NSA director Keith Alexander may have sold classified info for $1M per month

The biggest scandal to ever roil the National Security Agency, compliments of Edward Snowden, happened on his watch, but that hasn’t stopped retired General Keith Alexander from demanding a seven-figure technical consulting fee now that he’s a civilian.

Alexander retired from the agency last year, and his name will be forever linked to Snowden’s vast data theft. When news of his million-dollar plus consulting fee leaked, Alexander was blasted my members of Congress, one of whom blamed him for profiteering by trading secrets for cash.

More directly, Florida Democratic Rep. Alan Grayson accused Alexander Wednesday of disclosing “classified information to bank trade groups for monthly fees of up to $1,000,000.” . . .

http://venturebeat.com/2014/07/31/former-nsa-director-keith-alexander-may-have-sold-classified-info-for-1m-per-month/

CNN – New leaker disclosing U.S. secrets, government concludes < has video

The CNN piece quotes from this article: Barack Obama’s Secret Terrorist-Tracking System, by the Numbers by Jeremy Scahill






Now: US Rounding Up the Homeless

14 07 2014

Anonymous – Homeless people in US deported to camps

LINK –  http://youtu.be/WGYIXsIevGI

Before It’s NewsCiti Pays $7Bn To Settle Mortgage-Backed Securities Investigation

Zero HedgeCiti Masks Crashing Mortgage, Trading Revenues With $3.8 Billion Settlement Charge

[snip] ” . . .  Citi magically beats consensus EPS of $1.05, reporting a non-GAAP number of $1.24. The only problem: reported GAAP EPS was a laughable $0.03. Where did the bulk of the company’s net income come from? Why the “one-time, non-recurring charge” of course: $1.21 of the $1.24 in Citi EPS was thanks to the “punishment” the government just served it with. “