We are never going to restore legitimacy to our political system until we get the money out of politics. Typically, in federal elections the candidate that raises the most money wins about 90 percent of the time. In 2008, Barack Obama raised almost twice as much money as John McCain did. 3 of the top 7 donors to Obama’s campaign were big Wall Street banks (Goldman Sachs, JPMorgan Chase and Citigroup). Now Wall Street is doing it again. The big Wall Street banks are already trying to buy the 2012 election. So who do they want to win in 2012? Based on contribution patterns so far, the overwhelming favorite of the Wall Street banks to win in 2012 is Mitt Romney. The big Wall Street banks have given to Romney as pile of money that is more than 4 times larger than they have given to anyone else. Even though most Republicans really don’t want him, if history is any indication this means that Mitt Romney is going to be the Republican nominee for president in 2012. So why aren’t more people talking about this? (Read More...)
Wall Street
Buckle Up: America Is Getting Very Angry And The Protests Are Going To Become Much More Frightening
The Occupy Wall Street protests and the rise of the Tea Party movement have both changed America, but you haven’t seen anything yet. You better buckle up, because America is getting very angry and as the economy continues to decline the economic protests are going to become much more frightening in the years ahead. Americans have become very accustomed to prosperity. Now that our prosperity is vanishing, people are starting to become very angry. The scary thing is that the vast majority of our population now lives in tightly congested urban areas. That makes the potential for mass rioting and civil unrest much greater. Back in 1910, 72 percent of Americans lived in rural areas. Today, only 16 percent of Americans live in rural areas. So what happens when you have millions of incredibly angry people crammed into tightly congested metropolitan areas? Well, we are about to find out. (Read More...)
Occupy Wall Street: Mass Economic Riots Are Now Here And America Will Never Be The Same
Is Occupy Wall Street going to represent a major turning point in U.S. history? Over the past several years, many people have been warning that we would see mass economic riots in the United States if the economy continued to get worse. Well, the economic riots are now here and America will never be the same. The Occupy Wall Street protests are starting their third week and now similar protests have sprung up in major cities all over the United States. An increasing number of Americans have totally lost faith in the system and are looking for an outlet for their frustrations. Occupy Wall Street is a spark that has started a fire, but most Americans do not understand where all of this is going. In the years ahead, millions more Americans will lose their jobs, millions more Americans will lose their homes to foreclosure and millions more Americans will find themselves drowning in debt. As the economy continues to decline, millions upon millions of Americans will become even more frustrated. In particular, young Americans are really starting to become angry about the economy and our deeply corrupt financial system. Eventually we are going to see an explosion of anger and frustration on the streets of America that is going to be absolutely unprecedented. Occupy Wall Street is just the beginning. If most Americans could see what is coming next, it would chill them to their cores. (Read More...)
The Looting Of America: The Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends And The Media Is Ignoring The Eye-Popping Corruption That Has Been Uncovered
A one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act has uncovered some eye-popping corruption at the Fed and the mainstream media is barely even covering it. It turns out that the Federal Reserve made $16.1 trillion in secret loans to their bankster friends during the financial crisis. You can read a copy of the GAO investigation for yourself right here. These loans only went to the “too big to fail” banks and to foreign financial institutions. Not a penny of these loans went to small banks or to ordinary Americans. Not only did the banksters get trillions in nearly interest-free loans, but the Fed actually paid them over 600 million dollars to help run the emergency lending program. The GAO investigation revealed some absolutely stunning conflicts of interest, and yet the mainstream media does not even seem interested. Solid evidence of the looting of America has been put right in front of us, and yet hardly anyone wants to talk about it. (Read More...)
Our Politicians Are Selling Off Pieces Of America To Foreign Investors – And Goldman Sachs Is Helping Them Do It
All over the United States, politicians are selling off key pieces of infrastructure to foreign investors and big Wall Street banks like Goldman Sachs are helping them do it. State and local governments across the country that are drowning in debt and that are desperate for cash are increasingly turning to the “privatization” of public assets as the solution to their problems. Pieces of infrastructure that taxpayers have already paid for such as highways, water treatment plants, libraries, parking meters, airports and power plants are being auctioned off to the highest bidder. Most of the time what happens is that the state or local government receives a huge lump sum of cash up front for a long-term lease (usually 75 years or longer) and the foreign investors come in and soak as much revenue out of the piece of infrastructure that they possibly can. The losers in these deals are almost always the taxpayers. Pieces of America are literally being auctioned off just to help state and local governments minimize their debt problems for a year or two, but the consequences of these deals will be felt for decades. (Read More...)
10 Signs That Wall Street Is About To Go Into Panic Mode
Can you smell the fear? Right now world financial markets are visibly nervous and many are worried that Wall Street is about to go into panic mode. It really is eerie how 2011 is shaping up to be so similar to 2008. Major Wall Street banks are laying off workers in droves, oil prices are at very high levels, pessimism is permeating the financial markets, debt ratings are being downgraded all over the place and consumer confidence is stunningly low. Sadly, none of the fundamental things that were wrong with the financial markets back in 2008 have been fixed. In fact, many believe that Wall Street is even more vulnerable now. A ton of bad economic numbers have come pouring in lately and that has put investors in a really sour mood. All it would probably take is for one really significant “trigger event” to take place for Wall Street to go into full-fledged panic mode. (Read More...)
Out Of Control Greed? Wall Street Firms Are Projected To Pay Out $144 Billion In Compensation For 2010
Is greed out of control on Wall Street? Typically, liberals, Democrats and socialists say yes, and conservatives, Republicans and Tea Party supporters say no. But just because you are not a socialist doesn’t mean that you have to support the wild greed that is happening on Wall Street right now. As the rest of the U.S. economy deeply struggles, the major financial firms down on Wall Street are projected to pay out an all-time record of $144 billion in compensation for 2010. Just think about that. Not 144 million dollars – what we are talking about is 144 billion dollars. Not that making money is a bad thing. Capitalism is a great thing (although what the United States has now is not capitalism). Free enterprise is a great thing. But any economic system begins to break down whenever massive amounts of financial power is concentrated in just a few hands. Wall Street firms have spent hundreds of millions of dollars on lobbying to get the game rigged in their favor, and Wall Street firms have spent hundreds of millions of dollars on campaign contributions to keep things that way. For example, three of Barack Obama’s six biggest campaign donors were Wall Street firms (Goldman Sachs, JPMorgan Chase and Citigroup). These big Wall Street firms dominate the U.S. financial landscape to a degree that is almost impossible to understate. Now of course part of the American Dream is being able to work hard and make as much money as possible, but when monolithic financial firms are able to corrupt the game so severely and funnel such massive amounts of money to themselves, at what point are we going to finally admit that there is something fundamentally broken about the system? (Read More...)