American Ruling Class

Geithner Joins the Wall Street Party

"He made sure of the solvency of Wall Street and of the City and having done this for four years – and no doubt seeing that the situation was deteriorating further – he decided to head for the exit. He has moved on to take the presidency of a white shoe Wall Street firm specializing in start-up investments. It is his first 'private sector' job, we're told, but one he will be good at because of his work ethic and 'commitment to leadership.'. We've been discussing the upcoming Wall Street Party, one Geithner is inviting himself to. Warburg Pincus is a big player in venture capital investing with a main focus, according to various reports on the company, in the areas of energy, technology and healthcare." Continue reading →

Continue ReadingGeithner Joins the Wall Street Party

Ron Paul: Federal Reserve Steals From the Poor and Gives to the Rich

"As recently as five years ago, it would have been unheard of for a Wall Street insider and former Fed official to speak so bluntly about how the Fed acts as a reverse Robin Hood. But a quick glance at the latest unemployment numbers shows that QE is not benefiting the average American. It is increasingly obvious that the Fed's post-2008 policies of bailouts, money printing, and bond buying benefited the big banks and the politically-connected investment firms. It would be a mistake to think that QE is the first time the Fed's policies have benefited the well-to-do at the expense of the average American. The Fed's polices have always benefited crony capitalists and big spending politicians." Continue reading →

Continue ReadingRon Paul: Federal Reserve Steals From the Poor and Gives to the Rich

What Janet Yellen Will Host and Why

"During her confirmation process, Yellen will give a spirited defense not only of money printing but of her own moral probity and will be clear that she views her life as one sanctified by public service. Whether she has devoted her life to a ruinous enterprise will not be discussed. Certainly the larger game will not be revealed. But hidden behind the policy discussions and concern over employment is the surety that Yellen will start her term by continuing to print vast gouts of money. This money will find its way into the stock market just as intended, continuing to create mountainous stock market averages and then eventually an equity mania." Continue reading →

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Convenient Illusions: The 12 Regional Federal Reserve Banks

"What is the function of the regional Federal Reserve banks? They are primarily political. They were specifically set up to provide the illusion of regional control, when in fact the Federal Reserve System is a true central bank, with the powers associated with all national central banks. The central bank creates the monetary base on which commercial banks make loans. The regional Federal Reserve banks do not do this. The regional Federal Reserve banks are now, and have always been, a convenient illusion for misleading taxpayers and voters into believing that the Federal Reserve System is not a central bank, with all of the authority, power, and cartel control of all other central banks." Continue reading →

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U.S. Deal With JPMorgan Followed a Crucial Call To Justice Department

"On Sept. 24, four hours before the Justice Department was planning to hold a news conference to announce civil charges against the bank over its sale of troubled mortgage investments, Mr. Dimon personally called one of Attorney General Eric H. Holder Jr.’s top lieutenants to reopen settlement talks, people briefed on the talks said. The rare outreach from a Wall Street C.E.O. scuttled the news conference and set in motion weeks of negotiations that have culminated in a tentative $13 billion deal. An account of the negotiations pulls back a curtain on the private wrangling to illuminate how the bank and the government managed to negotiate what would be a record deal." Continue reading →

Continue ReadingU.S. Deal With JPMorgan Followed a Crucial Call To Justice Department

Alexis Breaks Down The $13 Billion Chase Settlement

"Today, we'll be talking about the Department of Justice's proposed settlement with JP Morgan Chase for $13 Billion. This settlement is about making a number of open investigations and lawsuits go away. Now the good news is the settlement does NOT immunize JPMorgan from future criminal charges, but you should know that Jamie Dimon, the CEO of JPMorgan Chase has been getting really cozy with US Attorney General Eric Holder. He's been hacing personal phone calls with Holder and staff at the Justice Department since as early as July, negotiating his own settlement, as the NYTimes reported." Continue reading →

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In Fed and Out, Many Now Think Inflation Helps

"Some economists say more inflation is just what the American economy needs to escape from a half-decade of sluggish growth and high unemployment. Economists, including Janet Yellen, President Obama’s nominee to lead the Fed starting next year, have long argued that a little inflation is particularly valuable when the economy is weak. The school board in Anchorage, Alaska, for example, is counting on inflation to keep a lid on teachers’ wages. Retailers including Costco and Walmart are hoping for higher inflation to increase profits. The federal government expects inflation to ease the burden of its debts. Yet by one measure, inflation rose at an annual pace of 1.2 percent in August." Continue reading →

Continue ReadingIn Fed and Out, Many Now Think Inflation Helps

Salon: One World After All

"An article in Salon is entitled 'Elites' strange plot to take over the world.' It is basically an admission of the entire globalist enterprise over the past half-century or so. It clearly admits what we all know – that top Western elites have been in an open conspiracy to merge the world, at least the Western world, under one legislative, economic and military regime. What makes the article important? Well ... start with its writer, Matt Stoller, who 'has a background in financial journalism and was a fellow at the [technocratic/socialist] Roosevelt Institute and an editor of the financial site Naked Capitalism.'" Continue reading →

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Their Propaganda….Our Propaganda

"The Guardian was able to get a hold of some paintings that were made by a North Korean propaganda artist, for the North Korean people. The paintings depict their 'glorious neighbor' China. Keep in mind, when you see these, that most North Koreans have never been to China. What a glorious place...a Heaven on Earth mixed with The Land of Oz. Fortunately, here in the United States, we have freedom of the press, and it takes hard effort for that press to pull the wool over our eyes! Americans are not so easily fooled..." Continue reading →

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We All Know Who Janet Yellen Is, And That’s Terrifying

"The acclaim in the media sends a shiver down the spine. Janet Yellen, just nominated by President Obama as the next head of his Federal Reserve, will be 'the most powerful woman in the planet'. If we were living in a stable monetary order she would be the least powerful woman in the world. Think back to the era of the gold standard before 1914. Britain was the leader of the orchestra in the monetary system. But no one outside a few discount brokers in London knew the name of the Bank of England Governor, who changed each 2 years." Continue reading →

Continue ReadingWe All Know Who Janet Yellen Is, And That’s Terrifying