Wall Street Toady Obama's Buddies Conjure Visions of Economic Doom

Of all things that Barack H. Obama has accomplished during his lamentable tenure in the White House he has consistently been able to contort himself into a foot stool for Wall Street. Obama more than anyone is responsible for this rank era of economic malaise, the failure of capitalism and the open season for the finance vampires to feed on the all of the lesser cattle roaming the perimeters of Uncle Sam’s plantation. It was Obama and his slimy consigliere Rahm Emanuel now the Mayor of Chicago who long ago cast their lot with the corrupt banksters. It was he who appointed Timothy Geithner, a reliable bagman for Wall Street as Treasury Secretary and enabled the Federal Reserve’s subsidizing of failed institutions that were able to purchase political clout and push this once great nation closer to the brink of insolvency - if it isn’t already there which is debatable. Despite his silly and focus group tested rhetoric about “hope” and “change” the flim-flam man in chief was only delivering “false hope” and “chump change” to 99  or so percent of American high rollers, while giving the looters and parasites free reign to pillage with aplomb and to give the rest of us the royal shaft.

If the so-called tea party has ever done anything right (and I have yet to see it) I would love to see it be them pushing the country into default and crashing forever the schemes of money changers the  like Lloyd Blankfein and his ilk. The unpunished culprits who destroyed the economy and have been coddled by Barry and the boys ever since and the ONLY thing that this type of scum understands is money. Let them lose it out the ass when their rigged markets come crashing down the day after the debt ceiling isn’t raised. Fuck them!

A parade of scum led by Goldman Sachs’ Lloyd Blankfein, JPMorgan Chase’s Jamie Dimon and Bank of America’s Brian Moynihan arrived at the White House on Wednesday to present Barry with his marching orders.  Oh lord help us,  the sky is falling bleated the swine as the partial government shutdown went into day three. Despite the ongoing political circle jerk it was becoming incresingly possible that a small group of GOP lawmakers are not only going to keep on holding out but also will stick together to nix raising the limit on the national credit card - which should have been cut off long ago. The banksters seem to be getting restive at this point largely because much to their dismay they have run into a small block of resistance that is not susceptible to the standard high finance bribery and threats. From the beltway's ‘inside baseball’ report formally known as Politico there is this interesting bit entitled Government shutdown: Wall Street angry at tea party it has no influence over from which I excerpt:

Wall Street is clear about who’s to blame for the government shutdown and a looming debt default: tea party Republicans.

What’s less clear is what Wall Street can do about it.

The reality is that deep-pocketed financial services executives and their lobbyists have little leverage against tea party lawmakers who don’t much care for financiers or big banks and don’t rely heavily on the industry for campaign cash.

“Those are the ones who are most problematic for Boehner,” one D.C.-based lobbyist who represents financial services clients said of tea party lawmakers. “I don’t think there’s any way for Wall Street to punish the 25 to 50 hard core House Republicans. It’s not like [Reps. Steve] Stockman and Tim Huelskamp are doing a lot of Goldman Sachs events. I don’t think Justin Amash cares if Bank of America gives to him or not.”

The rise of tea party lawmakers’ influence is shift from years past when the Republican party was more business friendly and could be counted on by Wall Street to give great weight to its concerns.

For many members of Congress, wooing wealthy Wall Street donors and financial services PACs is a routine part of their reelection efforts and a source of frustration for industry critics who view this largesse as standing in the way of reforms. The reputation of the banking industry has taken a beating since the financial crisis, but it nevertheless remains a powerful lobbying force in Washington thanks in part to its generous political donations.

But the industry feels powerless when it comes to dealing with some members of the tea party, who are immune from one of Wall Street’s most potent tools: campaign donations.

“The extreme radicals are going to get reelected because they come from districts where they don’t need to raise that much money,” said Greg Valliere, chief political strategist of the Potomac Research Group. “This new tea party movement is not particularly pro-business. They certainly are not pro-Wall Street and pro-big banks. That is a new strain in the Republican party that worries many on Wall Street.”

It seems that some of the big boys in their Wall Street ivory towers, operating with total impunity to swindle the last fraction of a cent out of every living human being and who are above the law thanks to the protection racket that Obama heads may not get the equivalent of the bailout that saved them from their bad gambling bets in 2008.  Blankfein, who in any decent society would be rotting in one of the darkest dungeons in the land will find some way to once again fleece the taxpayers in order to fund his Goldman Sachs mega-casino but there may not be the accustomed political cover this time. He and his fellow financial jackals were able to successfully pull off a costly and brilliantly constructed propaganda campaign in the aftermath of the economic crash. This was fully aided and abetted by one Helicopter Ben Bernanke with his “Green Shoots” sloganeering which was enough for the sheep with their 401Ks to go back to their passive willful blindness and just tune out reality and tune in their televisions .  Then our prestigious head central banker fired up the printing presses at the Marriner S. Eccles Building for endless Quantitative Easing giveaways to take all of the worthless bad paper of the banksters onto the Fed’s bursting at the seams  balance sheet and provide them with even more money to gamble with while Americans lost their jobs, homes, insurance and their hope. It was the greatest crime in the history of the republic and nobody who was responsible ever went to prison let alone received so much as a slap on the wrist by Barry and the boys, only free food and drink on the taxpayer tab as they defiled the White House with their presence to one more time hold out their hats.

The “Oracle of Omaha” himself Warren Buffet once referred to Wall Street derivatives as financial weapons of mass destruction, let’s see the well dug in tea party renegades be the ones who do the world a favor and set it off, bringing down all of their illicit bets upon their heads and their corrupt system of financial fraud along with it. Like one of those cleansing rains of biblical proportion. Granted, that it will be rough for awhile but perhaps it will allow for a reset of what were supposed to be the free markets of capitalism.  In the process of reconfiguring the system, restoring the rule of law along American credibility and free enterprise. There could be search parties sent forth to dig through the rubble and find the scoundrels responsible for the collapse. The lines to the guillotines could begin forming up at the ass end of that golden calf of a bull statute that sits at the foot of Wall Street.

Oh, and the service academy college football teams will play on Saturday - nice to see where our priorities lie.

QE-UPHORIA

In a move that has been reported as shocking on a level right up there with Breaking Bad's classic just aired episode Ozymandias our esteemed top central bank racketeer eschewed the long predicted "tapering" of his Quantitative Easing lunacy. In a last shot to the gut of the American economic diaspora living in tent cities from sea to shining sea Helicopter Ben Bernanke made damned sure that his precious subsidizing of the same gamblers, con artists and ivory tower dwelling grifters who destroyed the economy in 2008 would have a very Merry Christmas again this holiday season. While the usual idiots in the state-corporate media gasped it was sure as hell not a surprise to me, nor to anyone else who has been onto this ongoing hustle for years.  Chairman Ben has presided over an unprecedented transfer of wealth upwards to the looter class that he and his private Federal Reserve have always served the interests of. In pre-collapse America the usurious bastards hold all of the cards and will not be satisfied until they own absolutely everything. It is the logical extension of the “ownership society” in that at the end of the day the banksters and their Washington embedded lackeys own all of our asses.

The ongoing Quantitative Easing under Bernanke is only allowing for the continuation of the ongoing thievery until he has safely left office and handed the keys to the printing presses over to Janet Yellen or some other establishment stooge - maybe Turbotax Timmy Geithner can be brought back for an encore performance. Rest assured that Chairman Ben will be have left the Marriner S. Eccles building and will be sequestered in some gated enclave of an elitist pig pen protected by the best mercenaries that money can buy when the shit does finally hit the fan and the economy implodes for good.  Ben knows very well that he is a “made man” and has nothing to fear while  once the streets erupt with violence when the monetary system has been rendered worthless and it will take the equivalent of the proverbial wheelbarrow full of Riechmarks to buy a bag of Doritos.

And ugly it will be, consider that a good many of the citizens of this giant lemming colony don't have more than a day or so of food on hand at any given time. When the ATMs are no longer functioning watch out because the absolute last place that you want to be would be anywhere the local supermarket which will be overrun with looters within a day or so. It will take complete martial law to prevent the total disintegration of society when Bernanke's financial WMD detonates but that after all is the inevitable endgame in a number of scenarios that would seal the fascist transformation of this once great country.

In the classic 1980's Bruce Willis movie Die Hard an international group of thugs invade and take over Nakatomi Plaza, holding hostages and all under the pretense of terrorism for political reasons. The real truth is that the terrorist ploy was designed to provide cover for a massive robbery and in the end all the hostages would be marched up to the roof of the building which mined with C4 explosives would be blown up, killing all of the hostages and allowing the perpetratorss to escape to their beaches of choice where they could bask in the sun collecting interest on their plundered loot.  It is a fitting metaphor for what Bernanke, Geither, Hank Paulson, Jamie Dimon, Lloyd Blankfein, Vikram 'the bandit' Pandit and a cast of tens of dozens of other sordid miscreants are in the process of successfully pulling off in America.

It is all abetted by the gross incompetence of a certain Barry H. Obama over at 1600 Pennsylvania Avenue who has not only the ticking down time bomb of the ruined American economy on his tab but also myriad other abortions including the NSA Stasi, another war that is currently in the gestation stage and of course Obamacare. His crowning achievement is a so-called health care ‘reform’ rip-off that will one day rank in the top ten in the bunco artists hall of fame. Not only does this law allow for the insurance parasites to feed off of millions of new customers who are forced by the police state to purchase the overpriced policies but it allows already bloated and greedy corporations to begin to kick family members off of insurance plans and into the arms of the bloodsuckers. Soon it will be all employees currently covered by employer provided insurance plans who will be sold down the river into bondage with the proverbial big government gun pointed at their heads and Obama will have his finger on the trigger. Welcome to modern day American, the land of ‘f**k you, I got mine”.

There is today much hullabaloo over the Republican led House bill to defund Obamacare as a condition to not shut down the government but don't pay attention it because it is total horseshit and only more political chicanery that provides cheap fodder for the talking heads and distracts from the real problems. Both parties are in on the con because the oligarchy owns both teams lock stock and barrel. Jimmy Carter had it right when he recently lamented the demise of a functioning democracy in America but he being shunned like a leper by the rulers can just be shushed like the drunken crazy old uncle who shows up once a year to ruin Thanksgiving and vomit into the sweet potato pie. Move along, nothing to see here.

But as to the travesty of the Federal Reserve’s continuation of bailing out the bankers and rigging the markets. Bernanke’s ‘unexpected’ move to continue full Q.E. had the pigs squealing with glee as they will continue to have their criminal schemes underwritten by the taxpayer and protected by the Obama administration. According to St. Louis Federal Reserve President Fred Bullard “While I expect to see inflation rise during the coming quarters, I want to see evidence of such an increase before endorsing less accommodative policy action by the FOMC”. This statement regarding inflation is as asinine as it is dishonest. One of the primary reasons that the criminals who run the big con are continually able to base their ongoing crack-ho economic policy of buying garbage mortgage backed securities it is due to this Hitlerian whopper. What is never mentioned is that core inflation rates conveniently omit food and energy prices, exactly the two areas where Americans are getting the screws put to them the hardest by the scum that runs the system. Just take a look at what you have been paying at the grocery store since this Q.E. game began, the prices are higher and the packages smaller and it is only going to get worse because this is the "new normal".

It is hard to hold the currently configured system in anything less than utter contempt - that is unless you are one of the TV addled, low-info drones who still believes what they tell you on cable news shows. As the late gonzo journalist Hunter S. Thompson once so brilliantly put it the rulers only stand for - ".. the systematic destruction of everything this country claims to stand for except the rights of the rich to put saddles on the backs of the poor and use public funds to build jails for anybody who complained about it.”  He was of course referring to his personal bête noire Richard M. Nixon but as we have seen with his paranoid streak, use of government agencies such as the IRS and DOJ to go after political foes and support of an all seeing surveillance state Barack Hussein Obama has left Tricky Dick in the dust.

And so it goes on, the tightening of the screws....