Month: July 2020

The unquestioned and little understood competencies of the financial services industries stand as beacons of human ingenuity and progress towards scamming others.

 

Fine tuned with the best technology for maximum wealth extraction, the investors have created a high tech casino where anybody with some extra money can place a bet.

 

Like gambling, “trading” is a huge industry full of scammers and suckers. It’s a game where you can buy and sell fluctuating values. Buy low, sell high, repeat. You’ll make a fortune.

 

The lizard says it’s easy these days. You just watch for people’s pain and pick up the pieces. It’s sounds a little like a vulture to me, but this lizard prefers to be called a wolf. He’s a hunter not a scavenger.

 

Lizard language can be tricky.

 

The common perception when trading stocks is there is a winner and a loser in every transaction. The wolf eat the sheep for dinner, the saying goes. The wolf is the winner and the sheep is the loser.

 

The wolf gets the sheep’s money, fair and square.

 

The confusion in this interview is the lizard wolf doesn’t want to talk about all the money the government is injecting in the markets. The lizards pretend they are against that.

 

He doesn’t want to talk about taxpayer extraction, but the persistent questioning unleashes some rambling jaw-flapping from the lizard, trying to avoid the unavoidable truth.

 

The unavoidable truth is that the corporate lizards corrupt our government into the taxpayer extraction scam. They are the same team. The government is dysfunctional in his opinion, even though it’s making him, and the corporate lizard elite, tons of money.

 

We can only guess what the lizard meant by calling the government dysfunctional but the conversation was about printing money, to reward over-speculated profiteering by him and those with “capital”, at the expense of others.

 

Government “dysfunction” is intentional.

 

Lizards cry their crocodile tears all the way to the bank. The same bank being surrounded by tents full of homeless people because of the giant extraction scam. The lizards think homeless people are lazy, and should look for work. They understand the moral hazard of a handout.

 

They never have to see the people’s pain because their profits of extraction are electronic, and automatic, and arguably unjustified.

 

The lizards take no responsibility for the public dysfunction. People’s pain is their own fault, they’ll say, or the government’s fault, but not theirs. Even though Inequality is maximized to favor them, by law, the lizards don’t see a connection.

 

“Who are the sheep?” Asks the interviewer.

 

The lizard obfuscates. He goes right to the idea that hedge funds are the victims, without considering the taxpayers, like any big shot lizard would. They believe their money comes from the Fed. Theirs is a business model of harvesting wealth from a system of irrational exuberance made legal, fueled by the faith that the taxpayers will “backstop” their over-speculated profits.

 

Hedge funds are their world.

 

The truth is the money comes from the taxpayers. The taxpayers are the sheep. The taxpayer bailouts are the hedge now. The public guarantees lizard prosperity with bailouts and other extraction strategies, so why would lizards need to hedge their bets? Free at last, free at last!

 

Give yourself a raise!

 

The hedge now is a taxpayer guaranteed injection of a no limit no interest loan from the Fed, if their friends need it, to cover their bad bets. It’s like borrowing money to pay your bills, over and over, forever, and never having to pay it back.

 

Too bad the scam doesn’t work for the sheep.

 

It’s bizarre listening to the lizard rationalize the Fed as the remedy to government dysfunction, as if they are actually independent of each other. They are the same. They have a mutually beneficial arrangement of overcompensation.

 

And finally, you can really detect the depths of indoctrination as the lizard praises GW for telling Paulson to do what needs to be done back in the great scamming of 2008.

 

That’s why this lizard gets the big bucks, no doubt. With analysis like that who needs the truth. Just do what needs to be done, he says. Whatever that means, he didn’t say. But we know.

 

On behalf of the lizard elite everywhere, GW smashed a big money funnel into our treasury and normalized the draining of our nations wealth into their privatized, lizard-like pockets.

Frankenstein represents the bits and pieces of old news stitched together for resurrection in this video; the looting, the unregulated voting machines, Putin the Q, the deep state, Bush selling the scam, and the scam being normalized through regulatory negligence.

 

Dr. Frankenstein is a perfect metaphor for the establishment. They have created the monster they can no longer control. The fake news pundits would have you believe this all started with Trump, which is ridiculous. They’ve been building this monster for decades.

 

Major Frankenstein, as referred to in the video, is a deeper and darker dive into the history of the modern day monster that, as I write, is provoking protestors in Portland, and being deployed to Chicago.

 

Trump’s team is the metaphorical monster in this narrative. The doctor is the previous administrations, who have all spent the past five decades doing their part in building this authoritarian thing that now threatens our democracy, or what’s left of it.

 

The Trump crew simply fired the middlemen, by election, rigged or not. The political establishment that served him so well for so many decades was no longer needed. The monster roams free now, ransacking the country as angry protestors assemble to escelate the conflict.

 

You know how the story goes.

 

I think the video is self-explanatory but I’ll note a few comments here, just in case.

 

Look for GW selling capitalism as it failed. There couldn’t be a better example of complete disconnect between words and reality, except maybe when his father said we were going to war with Iraq to save democracy for Kuwait, the monarchy that is, if you recall.

 

Bush says, “Though economic reforms are necessary, the solution to our problem is sustained economic growth, from free markets.”

 

Meaning, the free market, having just failed requiring a taxpayer bailout, because it’s a scam, was a success. That’s how it works. The solution, according to him, is more of the same. That’s not reform. That’s the same old scam being sold as a solution, as it fails. It’s business as usual, sold with a shameless smirking face.

 

We need smarter government, he says, after being in charge of ours for eight long years. The irony of his failed leadership being self-critiqued as stupid goes right over his head, apparently.

 

Or, he knows he’s a duplicitous tool proud to celebrate the failure of the free market for investor profits. He and his audience know they have just scammed the public for trillions of dollars.

 

The corporate lizard elite applaud the market “failure” and the successful bailout. It’s one transaction, guaranteed by the taxpayer, as Bush said, some thought, implying they would have been wrong, when in reality they were right. It is Orwellian lizard speak. It can be tricky to parse if you’re new here.

 

The obvious but ignored contradiction in logic boggles the mind. Using taxpayer money to bailout capitalism is not capitalism at all. Like calling a monarchy a democracy, it’s a blatant lie that gets applause because the truth doesn’t matter, money does.

 

The truth goes without saying.

 

Capitalism doesn’t work. That’s why our government is broke and printing money for “economic growth”. It’s an absurd failure, yet still defended as a “success”.

 

The public treasury has been looted from inside and out by public policy. It was all legal more or less, they would say, I’m sure. It doesn’t matter who did it. Who didn’t? The result is the same and so is the remedy.

 

Lou nails the big news. We give money to foreign banks who turnaround and buy American assets with it. The scams don’t get much more simple, or blatant than that, but there it is. As if it is “normal”.

 

Like our elections. Funny how the pundits always focus on “voter fraud”. The problem is not voter fraud, Farheed. The problem is electoral fraud. We have an antiquated electoral system and that’s the government’s fault. It’s not a conspiracy. It’s a problem that needs to be fixed with an investment in democracy and electoral infrastructure.

 

And finally, Madoff and Markopolis. It’s the story of the lone scammer and the blind lawman, if you can believe that, who ignored the whistle-blower for over a decade. It’s a work of fiction with an inescapabe truth. The collusion and corruption are self-evident.

 

The markets are a Ponzi scheme where the underlying value of assets, if any, are hyper-inflated, cyclically, to maximize profits for investors, guaranteed by the taxpayers. In other words, it’s an extraction scam.

 

What say you?

 

Centuries of institutionalized slavery is proof enough that law and order can be misused by some to extract profits from others. When that happens, and it always does, enforcing law and order becomes an act of self-preservation, to protect and defend the privileged economic order of the establishment by preventing democracy and a peaceful political succession to a more representative government.

 

Slavery is illegal now. So in our so-called civilized society, inequality is maximized as a substitute, which creates an adversary and, without correction, conflict becomes unavoidable, and the slaves revolt, as expected, validating the need for more law and order.

 

When laws are written for unethical profits, permitting slavery for instance, they deserve to be criticized, and broken, until they are corrected and enforced for ethical compliance.

 

The slave trade as described by Marcus Rediker is a horrifying history of what people will do to others for profits. History is full of examples of terror and treachery and institutional betrayal, for profit.

 

Why would we think that’s changed?

 

Philosophically simplified here, and condensed for efficient literary consumption, consider the political spectrum to be freedom on one side and slavery on the other.

 

Freedom can be described as self representation with comparative choice. Slavery is exactly the opposite of that. A slave has no comparative choice, or self-representation.

 

That’s why citizenship of the nation state is so unique and important, comparatively. It’s an attempt to emancipate everybody based on geography, and democracy, and representation.

 

Money is representation now. Without money you are a slave to your needs. You are dependent on those who control your resources. You are at the mercy of their ethical benevolence almost as if they owned you, legally or not.

 

Slavery and freedom can be measured in amounts of wealth. They are not merely abstract terms of philosophical pontification. In our current monetary system, degrees of freedom can be quantified mathematically based on the amount of money people have.

 

Slavery is inequality maximized. Corporations exist to maximize profits for their shareholders, which results in maximizing inequality, which motivates markets to tolerate and even advocate, slavery.

 

Corporations facilitate slavery by exclusion.

 

The government subsidizing corporations and investors enslaves those who are not subsidized, comparatively. The enslavement is by overcompensating some and depriving others. The corporatizing of the the middle class has created two distinct competing classes.

 

One class squeezes the other for profits. Guess which one.

 

The uninvested taxpaying workers are forced into a constant money chase compared to those who are invested in the publicly subsidized corporate markets.

 

Institutional slavery is not motivated by racism, it’s about profits and privilege. Of all the despicable things people have done for profit, declaring ownership of others is about the worst.

 

Owning people is illegal now.

 

 

Globalism is a perfect example of resource control to maximize profits for investors. The byproduct of globalism is maximized inequality and therefore institutional slavery. It’s just a matter of degree.

 

The degree of inequality, like slavery, is a political choice.

 

Everything that can be made in America should be made in America, as a rule, and all imports regulated with tariffs to protect domestic commerce, to correct the institutionalized slavery that we have here.

 

Global trade and investment enables the extraction scam.

 

A never ending stream of IPO’s will attempt to eventually corporatize all commerce, to extract investor profits from as many transactions as possible. Corporations will monopolize commerce, if allowed, by using previously speculated profits to buy out Main Street, completely.

 

Which is a bad thing.

 

Investor profits equate to higher prices for consumers and lower wages for workers, not to mention higher inflation and taxes for everybody. The increasing inequality is by design and needs to be corrected to prevent the national demise.

 

The extraction scam happens on Wall Street, not Main Street.

 

Extracting profits from the public occurs in the “markets”, where money keeps making more money despite the ugly indicators of inequality and the ever increasing public debt.

 

The scam wouldn’t work if there was an honest sheriff in town protecting the taxpayers. But the sheriffs around here are all heavily invested in the scam, apparently. Who isn’t?

 

Market profits and public debt rise in tandem. They are the same transaction. Investing has become an extraction scam that siphons wealth from the public to profit investors with taxpayer money.

 

Private profits from the extraction scam create the public debt and make massive inequality the norm. The public is broke.

 

The reconciliation is self evident.