Wall Street Rejoices as Bernanke’s Policies Will Live On

The confirmation hearings for Obama’s new Federal Reserve head Janet Yellen are an indication that more of the same failed policies will continue to subsidize the Wall Street casinos. With the 2014 mid-term elections looming and Obamacare looking every bit the disaster that could have been expected by letting the insurance companies basically write the law much credit to Senator Max Baucus, one of the most corrupt swine in the U.S. Congress. The website rollout was a clusterfuck of monumental proportions, people were jettisoned from the policies that the liar in chief told them they could keep and the brutal realization that greedy corporations were going to use the program to dump dependents from coverage hit Americans like another punch to the gut. This is a pummeling that they should be accustomed to under the rule of the penultimate footstool for Wall Street and bagman for corporate interests Obama and it is about to get worse. Today’s Yellen hearings sent the markets soaring in inverse proportion to Barry’s approval rating but while the speculators are approaching orgasm the vampires are taking flight to suck the last remaining drops of blood from the besieged middle class.

Wall Street gamblers are chortling with unabashed glee that Chairman Ben’s replacement is now on record as not only not going to put the helicopter fleet on stand down but is a damned certainty to continue to use QEternity to create digital money and funnel it into buying bad paper of the same banksters who destroyed the economy. This should surprise absolutely nobody who has been any paying attention to this ongoing scheme to artificially inflate the markets to enrich only the big boys and beggar the rest of us peasants. The perversion of capitalism will roll on under Calamity Janet as the bubble just gets bigger and bigger along with the catastrophic shock wave that will be released when it eventually explodes and there is no way that it will not do exactly that. They key is for the elitists to stockpile enough real assets, hire private security firms (mercenaries) to protect their compounds, fill up their wine cellars and get the hell out before it does. Let the little people deal with it when the ATMs no longer work and hordes of desperate people take it to the streets to engage in an existential struggle for food. The dollar will collapse along with the economic system and it will take a proverbial wheelbarrow full of Reichmarks to but a bag of freaking Doritos. For those who survive the scrum there will be plenty of food in the for profit prisons and relocation facilities that they will be sent to but Yellen and her ilk will be sitting pretty and watching the show.

Expect Yellen’s ticket to be punched in the true bipartisan manner that is always mustered from our rancidly corrupt politicians whenver it comes to time to protect the interests of the true owners of what George W. Bush once referred to as “the ownership society” - what it really means is that they own all of our asses. As the late George Carlin once nailed it, “it’s a big club and you aren’t in it”. There will be some Republican resistance although it will be portrayed by the state-corporate media as largely being confined to the noisy rabble that is the now discredited and co-opted tea party. At least when Ron Paul was still in congress we could count on the old man giving a good roasting to Bernanke when the former Time Person of the Year showed up to testify but Janet Yellen won’t get the same treatment. Any serious questioning is likely to be spun as a part of the Obama spinmeisters bumper sticker  war on women and she will get the free pass afforded to the moneychangers.

The Christmas bonuses will be awarded to the looter capitalists on Wall Street and the New York Stock Exchange crowd will break into a chorus of “Joy to the World” as the greedy pigs gorge themselves on champagne and caviar as the sweet, sweet spike of the next fix is jammed into the arm of the junkie markets. Crack ho economics again, the holiday season will be one that is very festive in the enclaves of The Hamptons, Martha’s Vineyard and other posh retreats where the hedge fund hyenas are the dominant indigenous species. The rest of the schmucks can mournfully scrounge through the remnants of Chinese manufactured crap in the bargain bins come Black Friday.  In America the elite reign supreme, it is as though it were their divine right as codified and enforced by the power of the state. Decades of television and movies have fully indoctrinated the masses of asses into glorifying ghoulish fiend CEOs and full blown swine like Donald Trump are to be honored as though he were the Pope. While “class warfare” may be a dreaded and unspeakable term in the lexicon of the elite it is only because it is a war that they have not only won but crushed all in their path, a blitzkrieg of greed that has become a testament to American ingenuity when it comes to rigging the system, tilting the tables and fixing the game.

Howard W. Campbell Jr. from Kurt Vonnegut’s classic novel Slaughterhouse Five:

America is the wealthiest nation on Earth, but its people are mainly poor, and poor Americans are urged to hate themselves. To quote the American journalist Kin Hubbard “It ain’t no disgrace to be poor, but it might as well be.” It is in fact a crime for an American to be poor, even though America is a nation of poor. Every other nation has folk traditions of men who were poor but extremely wise and virtuous, and therefore more estimable than anyone with power and gold. No such tales are told by the American poor. They mock themselves and glorify their betters. The meanest eating or drinking establishment, owned by a man who is himself poor, is very likely to have a sign on its wall asking this cruel question: “If you’re so smart, why ain’t you rich?” There will also be an American flag no larger than a child’s hand glued to a lollipop stick and flying fom the cash register.

Seep will be sheep and along with lemmings they shall wander the land, an economic diaspora in a wasteland of their own choosing.  As their “owners” continue to gorge themselves the flock of the forlorn are incapbable of anything remotely resembling the sort of righteous indignation that could get them back into the game. Shorn of their money and their pride and brainwashed by reality television such as “who wants to be a millionaire” they engage in silly squabbles and accept their enslavement by the moneychangers. They have conditioned to worship mammon and call it God, a false religion that ensures that the fatted calves will continue to live large in their comfortably secluded strongholds secure in their knowledge that Obama, Helicopter Ben and Calamity Janet will deliver the goods.  The only thing missing from the legions of suckers who continue to put up with this bullshit is a candy coating and a stick shoved up their assholes.

You never know thought, that stick may end up being a spit when the food trucks stop rolling a few weeks after it all has collapsed.

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.