“Wall Street’s Favorite Democrat” Looks to Deregulate Derivatives Even More

by Scott Creighton

Former Goldman Sachs executive and current national finance chairman of the Democratic Congressional Campaign Committee, called “Wall Street’s Favorite Democrat” by Bloomberg, Rep. Jim Himes (D-Conn.), is pushing a new bit of legislation to make it easier for Wall Street and Goldman Sachs to make piles of money setting up the next financial catastrophe just like they did back when they got Clinton to repeal Glass-Steagall.

The bill would “allow banks to keep commodity and equity derivatives in federally insured units,” Politico reported on Wednesday, meaning that banks would no longer be forced to spin off their trading desks. It would weaken Dodd-Frank’s “push out” provision, otherwise known as the Prohibition Against Federal Government Bailouts of Swaps Entities, which bars federal assistance from being provided to any swaps entity.

Himes, who was recently named the national finance chairman of the Democratic Congressional Campaign Committee, is a former executive at Goldman Sachs, where he was a vice president.” Huffington Post

Jim, like President Obama, was born to do the “good work” of neoliberalizing America and Europe. His daddy worked for the Ford Foundation and UNICEF  in Lima Peru. His father worked under the presidency of Fernando Belaúnde who was particularly favored by the U.S. at the time because he basically handed over the nationalized oil industry to Standard Oil. Belaunde was forced to resign under threat of military coup in late 1968 and the new government did horrendous things like started a land reform program giving land back to the people and nationalized the oil industry again. They were also setting up  deals coming closer to Cuba and the Soviet Union. Eventually the Good old U.S. of A got their man back in the saddle again in 1980.

As you can see, a very similar path to greatness that our Glorious Leader had. Born to the Ford Foundation and neoliberalized dictators in far away lands and he ends up running things in the Democratic party. Small world for these oligarchs ain’t it?

The US Government Has Constructed a Ubiquitous Surveillance State

(In keeping with the article I just posted about how the Reagan White House helped the fascist state in Guatemala set up death squads and in understanding what the government did in conjunction with the brutally murderous state of Indonesia and so many others, here is a little current events note to make you think about the VERY NEAR future this country is racing to meet)

by Glenn Greenwald, the Guardian

The five right-wing justices hand Obama a victory by accepting his DOJ’s secrecy-based demand for dismissal…

Globalist Jesus Worshiped at Golden Globes While the “Other’ CIA Film Received It’s Award

by Scott Creighton

Globalist Jesus slipped out on stage at the Golden Globes yesterday and the idol worship and false praise rang out loud and clear from all those Hollywood elites who were afraid to be seen not rejoicing in his splendor. His background didn’t matter, his brutal corporate history didn’t matter, his lies and betrayal of his wife and the honor of his office didn’t matter. All that matters is the fact that he is as rich as the ancient dictators of old and the fact that his fascist fingers grip power with the help of Hollywood’s new team of acclaimed writers: the Central Intelligence Agency.

It was a despicable display of Orwellian servitude by a group of soulless, talentless hacks risen to the ranks of what is laughably called “the A-List” simply because they will bow to their new morally bankrupt neo-liberal god-king.

Post Tropical Cyclone Sandy: FEMA Stages Sandy PR Show For Gov Christie

by Scott Creighton

UPDATE 2: from status quo mouthpiece Huffington Post: Ed Gillespie, Romney Adviser, Admits Obama’s FEMA Doing A Good Job Responding To Sandy could they make it any more obvious that they are taking a dive?

UPDATE:I found this video from Higgins. He takes a camcorder around the outside of his home (doesn’t show damage inside the home for some reason) viewing all the damaged possessions he’s laid outside like his neighbors but I couldn’t see much if any damage to his home itself. Turns out, he owns a home on some kind of waterway and it looks like all the damage to his possessions are from the rising water. And though that is bad and a terrible loss for him, it seems like he still has a home which is good I suppose.

UPDATE 2: This Higgins guy sits in his car filming while “Hurricane” Sandy is a blowin. He claims the “roof is blown off a NAPA store” but what actually happened is the roll on roof section of rubberized roofing blew off the top of the store, not the ROOF itself. Here he has a video of a piece of siding blowing off a house and a downed tree. I guess this guy has never seen a real hurricane before.

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Take a look at this. Here is a guy, Alexander Higgins I think, who has lost his home due to Sandy. He needs help, that’s for sure. But what does FEMA do? They stand around, with the press, using him and others from his neighborhood as props lined up behind where Gov. Christie is going to make a PR speech about how FEMA is overworked trying to help the victims of Sandy. Notice how small the crowd actually is. If they wanted to actually help these people, they would have already done so. But they don’t. They WANT them to remain in a limbo status because they can USE that to garner more sympathy and a bigger check from the Federal government to be given to various crony companies linked to Christie and others. They are exploiting these legitimate victims for political and economic gains. Surprised? Ever heard of Katrina?

Post Tropical Cyclone Sandy: Online Social Marketers Comparing Sandy to Katrina

by Scott Creighton

UPDATE: See comparison videos of Sandy and Katrina at the end of this article

UPDATE 2: You think I’m making this up? Huffington Post: Hurricane Sandy vs. Katrina Infographic Examines Destruction From Both Storms notice how they inaccurately report that Sandy made landfall as a Cat 1 hurricane. That is untrue.

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Dear Social marketers and influence peddlers:

Just stop it. We aren’t that stupid. It’s a “Wag the Dog” natural disaster and it’s obvious and we are sick of it. We aren’t that stupid and you aren’t that smart so just stop it.

We understand that neo0liberal Christie and Bloomberg (Bloomberg Business Week “It’s Global Warming Stupid“) want to get as much money as they possibly can to hand over to various cronies of theirs to grow their personal fortunes once they leave office. We get that. But stop pretending this exaggerated crap tropical depression is worse than Katrina, it isn’t. Not even close.

And what you are doing is insulting: it’s insulting our collective intelligence and it’s insulting to the people who suffered through Katrina to have you belittle their losses and their grief for nothing more than a larger slice of the Disaster Capitalism pie. So go get your precious money, cash the damned checks an…

… just stop it.

Post Tropical Cyclone Sandy: Chris Mathews Drools Over Clinton; Calls Deniers “Luddites” and “Pigs”

by Scott Creighton

Chris Mathews proves his sycophancy and his ignorance once again.

It’s all about man-made global warming … I mean climate change … I mean global warming. Can’t question those scientists because we have to get Barack Obama ready to force the failed UK carbon credits market on the U.S. just as soon as the fraud election is over (read as “Romney takes a dive like McCain, Kerry, and Gore before him”)

Chris Mathews went on Hardball yesterday and breathlessly drooled over Bill Clinton saying that Sandy proves man-made global warming is real. He also called deniers of this new religion “pigs” and “Luddites” (for the “Luddites” quote see this)

Post Tropical Cyclone Sandy – Alternative Media Spins with Establishment

by Scott Creighton

Several “alternative” news sites are out there cheer-leading for the disaster capitalists in one way or the other whereas I have shown that though the storm was a bad one, it hardly lived up to the “Frankenstorm of the Century” billing it received and is now being over-hyped by people who look to use this storm to pocket billions in cash for themselves and their crony capitalist friends, to push their “global warming’ agendas and to possibly even effect the upcoming election (jobs numbers probably won’t be out before the election next week)

No, it is not a popular position to take, but it’s the truth. Several readers here have left comments about how relatively normal things in New York city are right now and of course the NYC marathon is still on track for this weekend. For those with damaged homes or stuck in areas hard hit by the storm, our sympathies are with you. But your suffering is not justification to let disaster capitalist ambulance chasers turn this post tropical cyclone into a 100 billion dollar corporate handout.

Spanish Townsfolk, Our Monster: Now What Are We Going to Do About It?

by Scott Creighton

UPDATE 3: “The French, Spanish and Greek governments all announced multibillion-euro austerity plans yesterday in the face of massive popular opposition.”

UPDATE 2: Slavery in the UK. The unemployed are being forced to work for major British corporations, for free, just so they can continue to receive their unemployment benefits. This plan is the same as one attempted here in the states, one that still has a great deal of support in congress. Imagine the profits retailers could pocket if they got free seasonal workers during the holiday buying season.

UPDATE: In Dubai, one of our close economic allies, they call slave owners “sponsors” and fine their slaves if they attempt to take their own lives when the desperation of their true situation becomes too unbearable to live with.

“I found myself thrown away and I thought of my poor family back home. I felt desperate and decided I should die,” she said. The National

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While Americans cheer for the return of  zebra striped officials to the NFL games today, the Spanish, the Greeks and many others across Europe are fighting for their very lives and the freedom to determine the quality of them on their own. Our apparent lack of concern is understandable when you consider that what they are desperately struggling against is in a large part, our creation. Not only is Dr. Frankenstein disinterested in the harm his creation inflicts on the people around him by choice, but the townsfolk themselves willingly turn a blind eye and a deaf ear to the cries of their neighbors in nearby villages just so long as the monster feeds elsewhere.

Spainish Anti-Austerity Protests Spreading

by Scott Creighton

The IMF “austerity measures” are nearly the exact same thing that we have imposed on other nations for decades. They were called the “economic brick” when Milton Friedman and his Chicago Boys imposed them on the people of Chile in 1973 after Kissinger and the CIA orchestrated the violent overthrow and murder of their elected president Salvador Allende on Sept. 11th, 1973.

The people of Spain are saying “no”. Let’s hope the rest of the world will as well and soon. We have to get off our asses here as well. Left cover or not, these fascists will take everything from us, no one is safe. The sooner you understand that, the better we will all be.

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Pure Brutality: Riot Police in Madrid Attack Auterity Protesters

by Scott Creighton

The Dark Knight pictured this the other way around and for that I called it pure propaganda. The riot squads across the world are using brute force to repel the people of their own communities as they struggle for social and economic justice in the face of the same crushing austerity measures that Obama himself will be pushing during the lame duck session of congress this year. They were swinging away at young girls and hitting men in the back as they tried to calm the crowds.

“Skirmishes continue between protesters and riot police in Madrid, with cops firing rubber bullets and tear gas at the crowd. Fourteen people have been injured and 22 arrested, local media report.

Madrid emergency services have confirmed that at least 14 people, including three policemen, have been injured in clashes between police and protesters. One of the wounded is believed to be in critical condition, according to local news.

Riot Police belted protesters, dragging some them by the arms and legs, who had tried to get through police lines. An uneasy order was restored and police have brought in reinforcements and have begun to try and disperse the crowd.

Thousands of activists have congregated in Madrid’s Plaza de Neptune, 100 meters from the Congress building, to protest Spanish austerity measures.” RT

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The Obama Justice Department vs Big Five Banks Settlement is Actually a Payoff for Services Rendered

by Scott Creighton

Keep this information in mind as you read the following article: The largest banks made a combined 13 billion dollars in profits from 7.77 trillion dollars of undisclosed emergency loans from the Federal Reserve bank over and above the 780 billion dollar banker bailouts. The loans and the bailouts were a direct reaction to the crisis caused by the criminal and fraudulent behavior of these same banks which the Obama administration now says will cost them roughly 1 billion a piece. 13 billion in profits for criminal activities (that we know of) and 5 billion in penalties (spread out over the course of a few years) while it is left to investors to foot the bill for the rest of the 26 billion dollar “settlement” deal. No further criminal prosecution, no further investigation required.

From Bloomberg News Nov. 2011 -

• The six biggest U.S. banks, which received $160 billion of TARP funds, borrowed as much as $460 billion from the Fed… JPMorgan, Bank of America, Citigroup Inc. (C), Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. (GS) and Morgan Stanley
• Bank of America and New York-based Citigroup each received $45 billion from TARP.
• Total assets held by the six biggest U.S. banks increased 39 percent to $9.5 trillion on Sept. 30, 2011, from $6.8 trillion on the same day in 2006, according to Fed data.
• Employees at the six biggest banks made twice the average for all U.S. workers in 2010, based on Bureau of Labor Statistics hourly compensation cost data.
• Bank of America took over Merrill Lynch & Co. at the urging of then-Treasury Secretary Paulson after buying the biggest U.S. home lender, Countrywide Financial Corp.
• Wells Fargo bought Wachovia Corp., the fourth-largest U.S. bank by deposits before the 2008 acquisition.
• JPMorgan absorbed the country’s largest savings and loan, Seattle-based Washington Mutual Inc., and investment bank Bear Stearns Cos. The New York Fed, then headed by Timothy F. Geithner, who’s now Treasury secretary, helped JPMorgan complete the Bear Stearns deal by providing $29 billion of financing, which was disclosed at the time.

original article below

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The Obama administration finalized their latest and most heinous betrayals of their 3 year history yesterday when they announced their settlement between the big five banks and state and federal governments on their “investigation” into the massive systemic mortgage fraud conspiracy. There will be no investigation. We will never know the full extent of the criminal conspiracy to decimate the economy of the United States of America because Barack Obama’s “Justice” Department has struck a deal. The economic hit-men who are running this country won out as Left Cover Obama sold us out. Again.

Beyond Pretense: The Global Free Market Wars Finally Acknowledged (and another U.S.S. Liberty event on the horizon?)

by Scott Creighton

UPDATE: After all attempts to frame Iran have failed thus far, a Jerusalem Post article (written by a former Israeli intelligence officer turned Operation Mockingbird style “journalist“) suggests Iran will provide the needed pretext for the war themselves by attacking a U.S. warship. Get that? They failed to frame Iran for everything from rigged elections to 9/11 and now, out of the blue, they expect Iran will make the unusually stupid move of attacking a U.S. warship and setting themselves up for regime change and perhaps a million dead Iranians in the process.

A Prison Planet article about this frightening prediction mentions Gulf of Tonkin and the USS Maine false flag attacks but for some reason never mentions the prolonged Israeli attack on the U.S.S. Liberty (see details at the end of this article) which looked to pull us into their conflict with Egypt until a Russian sub was spotted nearby watching the hours long attack and the Liberty simply refused to sink. Go figure.

UPDATE 2: Chris Mathews covered the Israeli assassination of the Iranian nuclear scientist yesterday. You might think that is good, but it is not because of HOW they covered it; they are setting up a narrative explaining WHY the Iranians would launch a military attack of some kind against the U.S. Navy. And that is EXACTLY the same thing the Jerusalem Post wrote about the other day.

The story line according the Hardball goes something like this:

• The Obama administration doesn’t want a conflict with Iran (even though it’s obvious that they do want a regime change in Iran)
• The new sanctions on Iran are making them desperate (even though South Korea, China, North Korea, Venezuela, Russia, Pakistan, India and others are not going to abide by them, and neither is Halliburton for that matter)
• The Israeli attack on a nuclear scientist is going to prompt Iran to attack the U.S. (even though they know it was not the U.S. that killed their scientist and even though there are Israeli ships in the Gulf as well as U.S. ships)
• There are mentions of Iran firing a missile at a U.S. warship or mining the Straight of Hormuz (does that remind anyone of the Cheonan incident, or is it just me?)
• Israel will then “help” the United States and be the good guys by striking back at Iran.

Mathews and Hardball are not helping us by exposing the underlying truth in this situation but rather they are laying the groundwork for the official narrative of another false flag attack even before it plays out. The Iranians would never launch an attack on a US warship because Israel killed another of their scientists. That premise is ludicrous at best. And yet, there it is.

UPDATE 3: British Prime Minister has gone to meet with the Saudi Royal family just days after the Saudi ruling regime killed protesters and hours after the British issue a warning to their citizens about traveling to that region due to “conflicts” escalating.

UPDATE 4: According to the complicit MSM, an “independent news service” known as irannuc.ir is claiming that the Iranian people buried the nuclear scientist chanting “death to the US. death to Israel” and they claim that Iran (quoting unnamed sources) is planning an attack against the West in retaliation. Of course the only videos of the burial show mourners saying “death to the terrorists”

It appears the “independent news service” (read as US financed destabilization campaign NGO) is helping to push the “Iran is going to attack” narrative.

This irannuc propaganda is already on Fox News and MSN alike.

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For years I have been using the phrase “The Global Free Market Wars” to explain what is happening around the world. I didn’t coin the phrase, I don’t know who did, I wish I had. The pretense is coming to a end.  The Global War on Terror is and has been since it’s inception, a fraud. A lie. 935 lies for Iraq; 1 Big Lie for Afghanistan (built on literally tons of smaller lies); NGO lies for Libya; a Fox News generated lie for Pakistan; a retroactive lie for Yemen; a lie of omission for Sudan; an opportunistic lie for North Korea; and finally, a string of lies for Iran.

MF Global bankruptcy-On the Edge with Max Keiser

Occupy the Education System: Students, Teachers and Parents Find New Spirit and Challenge the Attack on Public Schools

by Sarah Jaffe, Alternet

“I work hard, but my grades don’t matter. But I have a voice and I will be heard!”

Jordan is 13, and she’s speaking to a crowd of mostly adults, sitting on the granite steps of the New York City Department of Education at Tweed Hall. Or rather, she is speaking through them, as her words echo through the people’s mic used at Occupy Wall Street just few blocks south from where she’s speaking.

Tonight the steps of the DOE have been occupied and are packed with teachers, students, parents, and supporters holding a general assembly on the state of public education in New York.

The Icelandic Example? – Michael Hudson on GRTV