Archive for the 'Elite' Category
Max Keiser on Bankers Bonuses… And Heroin
April 1st, 2009You guys will love this. Via: Solari: Max Keiser: ….they (Goldman Sachs, JP Morgan et al) are systematically undermining the entire system. They are creating a mechanism to carve out equity and capital for themselves at the expense of society at large. So in the United States, unemployment is skyrocketing. The uninsured is skyrocketing. The […]
Financial Rescue Nears GDP as Pledges Top $12.8 Trillion
April 1st, 2009This isn’t a rescue. It’s a shakedown. Via: Bloomberg: The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s. New pledges from the Fed, the Treasury Department and the […]
Pump and Dump Swindle Used Employee Retirement Funds
April 1st, 2009Via: Boston Globe: Just months before the start of last year’s stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks. Switching from a heavy reliance on bonds, the Pension Benefit […]
IBM: Another Public Menace
April 1st, 2009Via: Times Herald Record: As IBM was firing thousands of American workers last week, the U.S. Patent and Trademark Office published Big Blue’s application to copyright a computerized system that calculates how to offshore jobs while maximizing government tax breaks. Update: IBM withdraws its application, calling it an error.
More on What Kent Kresa Might Bring to GM
April 1st, 2009What technologies might someone like Kent Kresa be tasked with providing to GM? —Obama Fired GM’s CEO; What’s Stirring Behind the Black Curtain? Not only did the Obama administration fire GM’s CEO, the Los Angeles Times reports that they also installed Kresa as Chairman. Via: Bloomberg: Alternative Energy, Technology Kresa will probably help steer GM […]
Russia Wants Inclusion of Gold Bullion in the Basket-Weighting of a New World Currency Based on Special Drawing Rights
March 31st, 2009Lipstick on a pig? Via: Telegraph: Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system. Arkady Dvorkevich, the Kremlin’s chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency […]
Obama Fired GM’s CEO; What’s Stirring Behind the Black Curtain?
March 30th, 2009Most people would probably read over the AP piece below without thinking twice about the mention of GM’s new Chairman of the Board: Board member Kent Kresa, the former chairman and CEO of defense contractor Northrop Grumman Corp., was named interim chairman of the GM board. Woh. Hold on there. Who is Kent Kresa? In […]
Freedom Tower Name Changed to One World Trade Center
March 30th, 2009Via: Yahoo / AFP: The owners of the skyscraper being built at Ground Zero ran into controversy on Friday with the decision to strip the building of its patriotic unofficial name “Freedom Tower.” “No more freedom,” read the front page of the Daily News, declaring in an editorial that the site’s owner, the New York […]
Goldman Sachs and the Manipulation of Oil Prices
March 29th, 2009Anyone who “dismisses” the role of speculators in this shakedown is either stupid, or in on the scam… Henry Paulson was formerly the Chairman and Chief Executive Officer of Goldman Sachs. Well, well, well. Hank might have us believe that the Tooth Fairy has more to do with the price of oil than speculators. I […]
Economist Intelligence Unit: Manning the Barricades
March 28th, 2009Here are EIU’s probabilities on how the economic crisis will unfold: Scenario 1: Stimulus stabilizes system — 60% chance Scenario 2: Stimulus fails, leading to depression — 30% chance Scenario 3: Dollar collapse, social unrest, violent protest — 10% chance If I was forced to guess, these would be my numbers: Scenario 1: Stimulus stabilizes […]
