Tag Archives: Wall Street

Mar 11 2013

AU VIOL DES PEUPLES S’AJOUTENT LES CRACHATS DES TRADERS (ou: LE DOW JONES BAT DES RECORDS)

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Par Pierre JOVANOVIC

du 11 au 15 mars 2013 : Du jamais vu dans l’histoire humaine… Ben Bernanke a balancé aux banquiers et financiers pour 2.000 milliards de dollars de planches à billets depuis 2008. Deux mille milliards vous imaginez, ce qui a permis au Dow Jones de soi disant battre ses records historiques selon les crétins, pardon, journalistes économiques que voyez causer dans le poste. Des records qui vont en effet de pair, parfaitement synchronisés même, aux licenciements massifs que l’on voit depuis début 2008 et qui se poursuivent sans cesse depuis mai 2012.

Mais la presse vendue vous dit que tout va bien dans l’économie puisque le Dow Jones a battu son record… Elle a juste oublié ce qui s’est passé 6 mois après ce fameux record. Wall Street a tout simplement explosé!! Il n’y a que les “experts” pour ne pas voir l’évidence… Il se trouve que Zero Hedge et le FT ont eu la même réaction outrée que votre serviteur. ZH a même comparé les principaux indicateurs de 2007 vs 2013 et là, on voit bien LA GRANDE ESCROQUERIE DES AMERICAINS et aussi celle des journalistes économiques (et bien sûr des députés et ministres complices) qui laissent faire sans rien dire.

- GDP Growth: Then +2.5% – Now +1.6%

- Regular Gas Price: Then $2.75 – Now $3.73

- Americans Unemployed (in Labor Force) – Then 6.7 million – Now 13.2 million

- Americans On Food Stamps: Then 26.9 million – Now 47.69 million

- Size of Fed’s Balance Sheet: Then $0.89 trillion – Now $3.01 trillion

- US Debt as a Percentage of GDP: Then 38% – Now 74.2%

- US Deficit (LTM): Then $97 billion – Now $975.6 billion

- Total US Debt Oustanding: Then $9.008 trillion – Now $16.43 trillion

Au fait Monsieur Toutou, Bozo, Langlais, etc., comment expliquez-vous que, comme le Dow Jones, le CAC40 n’ait pas battu son record, environ 6200 points, de 2007? Hmmm? Pourquoi il se traîne à 3700 points?
Comment expliquez vous que le chômage ait explosé des deux côtés de l’Atlantique, malgré la (pseudo) bonne santé outrageuse du monde financier? Comment expliquez vous qu’au moins 30 HEDGE-FUNDS américains n’aient pas explosé après que le cours d’Apple se soit effondré de presque 40%?

La réponse est simple: parce que sur ces 2000 milliards, la Fed n’a balancé aux Européens que quelques milliards de dollars, juste pour mieux les endetter et leur garder la tête hors de l’eau, en réalité juste de quoi respirer… Tout le reste a sauvé les établissements US. Au passage, le peuple européen paye une partie du rétablissement de Wall Street avec du vrai argent, puisqu’il n’y a pas de vraie planche à billets européenne.

PS: Vous avez remarqué que la presse éco française se garde bien d’utiliser le terme “planche à billets”… ça ferait désordre. Les caniches utilisent “assouplissement”, si, si, genre Soupline, voyez?, que Madame verse dans sa machine à laver (c’est aussi une manière inconsciente de nous dire qu’ils nous servent bien de la soupe et pas de l’info)

PS2: le Telegraph non plus n’est pas tombé dans le panneau. “Central bank money printing and the mystery of soaring shares. ‘Why did nobody see it coming?”, the Queen asked four years ago on a visit to the London School of Economics, a brilliantly faux naïve question that cruelly exposed the failings of modern economics”… ha ha ha: “1) One reason is zero interest rates, allowing companies which, in a conventional recession, would have gone bust, to stay in business. At the same time, banks have been bailed out, so that bad debts have in effect been nationalised. Taxpayers rather than investors are being made to pay the price for past excesses. The insolvency problem has been transferred from the private to the public sector … It’s labour rather than capital which has been most damaged by the downturn … 2) The other related explanation is central bank money printing”.

Cliquez ici pour lire l’analyse perfide de la Perfide Albion

PS3: Lisez cet article de ZH “Fed Injects Record $100 Billion Cash Into Foreign Banks Operating In The US In Past Week”… pour que certaines banques bien de chez nous ne fassent pas faillite… ça ferait désordre au Dow Jones. Vous avez vu d’ailleurs que le cours du Crédit Agricole est monté? Faut-il y voir l’intervention de la FED??? ha ha ha… Le monde est entré dans un Weimar planétaire, et tout va sauter à un moment donné ou à un autre.

PS4: Lisez surtout ce papier de Caldwell dans le Financial Times ici “What looks like a rally may just be the effect of elites passing money among themselves. The Dow Jones rallied beyond 14,300 points this week, passing the highs it reached in 2007 just as the world economy was starting to wobble”… qui vous explique que tout ceci n’est qu’une cavalerie géante menée par nos politiques, sur le dos du peuple, c’est à dire vous et moi.

Apr 19 2012

Why Obama’s JOBS Act Couldn’t Suck Worse

President Barack Obama signs the Bill for the HR 3606, the 'Jump start Our Business Startups (JOBS) Act.'

Boy, do I feel like an idiot. I’ve been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks.

Then the JOBS Act happened.

The “Jumpstart Our Business Startups Act” (in addition to everything else, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market.

In fact, one could say this law is not just a sweeping piece of deregulation that will have an increase in securities fraud as an accidental, ancillary consequence. No, this law actually appears to have been specifically written to encourage fraud in the stock markets.

Ostensibly, the law makes it easier for startup companies (particularly tech companies, whose lobbyists were a driving force behind its passage) to attract capital by, among other things, exempting them from independent accounting requirements for up to five years after they first begin selling shares in the stock market.

The law also rolls back rules designed to prevent bank analysts from talking up a stock just to win business, a practice that was so pervasive in the tech-boom years as to be almost industry standard. Continue reading →

Apr 8 2012

Obama Authorizes Greater Wall Street Theft

By Stephen Lendman

On April 5, as expected, Obama signed the Jumpstart Our Business Startups Act (the JOBS Act).

Again, America’s 99% was betrayed. Overwhelming bipartisan House and Senate support backed the measure. The bill does nothing to create jobs. It facilitates greater fraud. America’s race to the bottom continues.

Wall Street’s again celebrating, and why not. Only bankers could love this type bill. They had to. They wrote it. It opens greater avenues for grand theft.

The SEC long ago abandoned its regulatory mandate. Under financial industry insider Mary Schapiro, it’s in safe hands. Her job just got easier. The bill eliminates SEC reporting requirements for enterprises with annual revenues up to $1 billion.

[Editor's note: The Security Exchange Commission: SEC, used to be the Police of Wall Street in charge of monitoring Frauds, and had the power to make investigations an to indict People and Companies.]

The implications are obvious. Not only will big fish steal freely, so will smaller ones.

The measure also makes it easier for companies to raise oversight-free capital online. They can have up to 1,000 investors without providing the SEC financial data. In addition, they can solicit them more freely. It’s similar to how drug giants promote toxic products. Users have no idea what they’re getting.

Former bank regulator/financial fraud expert Bill Black called the measure “insane on many levels. It creates an extraordinarily criminogenic environment in which securities fraud will become even more out of control.”

Leading up to passage, back room dealmaking ignored expert anti-fraud input. The best, brightest, and most honest independent analysts unanimously condemned the bill. Black calls it “the sick face of crony capitalism.”

Matt Taibbi’s “The Great American Bubble Machine” called Goldman Sachs “a great vampire squid wrapped around the fact of humanity, relentlessly jamming its blood funnel into anything that smells money.”

In fact, it’s much worse. Wall Street and other FIRE sector (finance, insurance, real estate) giants together comprise the GREATEST “vampire squid.” They’re all the stronger by Washington’s complicit role.

Their business model is grand theft. They’re crime families, not legitimate enterprises. They make money by stealing it. They wreck economies, communities, and households. Corrupt politicians let them. They’re bribed to go along. As bad as things are, they’re getting worse.

On April 5, The New York Times headlined, “Obama Signs Bill to Promote Start-Up Investments,” saying:

Surrounded by complicit lawmakers and industry crooks, Obama signed the JOBS Act. He called it a “potential game changer.” The Times article went along with the charade. It quoted him saying:

“For the first time, ordinary Americans will be able to go online and invest in entrepreneurs that they believe in.”

“Our economy has begun to turn a corner, but we’ve still got a long way to go. We’ve still got a lot of Americans out there who are looking for a job or looking for a job that pays better than the one that they’ve got.”

Unexplained was that 25 million are unemployed. Millions more are underemployed.

The real unemployment rate’s about 22.5%, not the fake 8.2% figure. The economy’s dead. Main Street’s in a protracted Depression. Force-fed austerity worsens it. Poverty or households approaching it’s at record levels.

Millions are suffering. Political Washington’s indifferent. No matter. Friday was a day for “celebrating a rare bipartisan achievement on legislation that had been pushed by Republicans and embraced by Mr. Obama in his (January) State of the Union address.”

House majority leader Eric Cantor (R-VA) said:

“I hope it represents the kind of bipartisan work that we can accomplish here in Washington over the next few months. We have a very difficult economic situation still. We are nowhere near out of the woods.”

House Speaker John Boehner (R-OH) called the bill a “key part of the Republican jobs plan,” adding:

It’s “good news for entrepreneurs and aspiring small businesspeople struggling to overcome government barriers to job creation.”

“The House will continue to lead the way on jobs, and with help from President Obama and Senate Democrats, we can get these things done for the people we serve and the country we love.”

It’s “good news” all right, but not for long-suffering households. This measure increases their torrent. It does nothing to alleviate it. As expected, Obama went along. Imagine conditions ahead if he’s reelected.

Continue reading →

Feb 9 2012

US Invading Syria by Proxy

By Tony Cartalucci

US “prepares military options” to back terrorists in Syria.

February 9, 2012 – After world opinion categorically denied Wall Street, London, and it’s NATO forces a replay in Syria of the destruction and pillaging of Libya, with Russia and China leading opposition to a planned escalation and overt NATO military intervention, the corporate-financier media led by CNN, and in particular CIA-asset Anderson Cooper, has conducted a non-stop propaganda campaign based entirely on “activist” say so centered around the Syrian city of Homs. Journalistic integrity and neutrality have been shamelessly abandoned, evident by CNN headlines reading, “Ruthless Assad rides wave of slaughter.”

Every claim is punctuated by “activists say,” with passionate pleas for NATO to rain Libya-style death and destruction upon Syria from alleged “activists” on the phone with CNN’s Anderson Cooper, “activists” who could just as easily be in the adjacent room at CNN’s studio or in London, as in Homs – since CNN and other corporate-media outlets have categorically failed to provide substantial, verified evidence of their most recent narrative. It is a narrative to dupe the West once again into what is essentially naked military conquest operating behind the tenuous fig leaf of “responsibility to protect” (R2P).

But even at face value, CNN reports “clashes” and features video footage of armed militants waving the “Free Syrian Army” flag while operating armored vehicles and brandishing weapons of war. One could scarcely imagine any Western nation faced with similarly armed militants terrorizing their city streets not responding with full military force, especially with recent historical examples such as the siege in Waco, Texas where US government forces ruthlessly killed 76 including over 20 children for much lesser crimes than sedition, treason, and openly declared foreign-backed armed-insurrection.

In fact, all the Davidians of Waco, Texas were convicted of were possessing “illegal weapons” and using them when attacked by armed federal agents – a far cry form the “Free Syrian Army” (FSA) who not only possesses weapons of war, but is demonstratively using them to terrorize and violently overthrow the sovereign government of Syria and forcibly seize populated districts. This includes FSA ultimatums immediately followed up by bombs tearing through civilians in the Syrian capital of Damascus and offensive attacks on security forces.

While the deceit and criminality of NATO’s feigned humanitarian campaign in Libya is still fresh in the mind of world opinion, the global corporate-financier elite, paraded round-the-clock on CNN (globalist warmonger Ann-Marie Slaughter being the most paraded), attempt to compare events in Syria instead with “Kosovo,” an intervention NATO hopes many are unfamiliar with and will just take their word when it is suggested that it was both “justified” and a “success.”

However, just like in Libya, the corporate-financiers peddling this war are not pursuing a humanitarian agenda, quite the contrary. They are fully arming, supporting, harboring, financing, and directing listed foreign terrorist organizations inside Syria to conduct an invasion by proxy. In fact, it is confirmed that the very same Libya Islamic Fighting Group (LIFG), on record having killed US troops in both Iraq and Afghanistan before returning to Libya to receive full UN, US, and NATO backing to overthrow Qaddafi, are now on the border of Syria operating under the auspices of NATO members including Turkey.

Now, open calls by the same familiar “elected” US representatives such as John McCain and Joe Lieberman, are being made to side-step the global corporate-financier’s own contrived international institutions, including the UN Security Council, and unilaterally meddle in Syria’s internal conflict well established to have been triggered by foreign-funded “opposition” groups in the first place, by overtly arming and backing a proxy army in Syria.

Just as in Libya, Wall Street and London with or without a UN resolution plan to fully fund, arm, back, and support, first covertly, then overtly with military force a mixture of domestic traitors in Syria’s US-funded opposition and foreign mercenaries like Libya’s LIFG terror organization to invade and overthrow the government of Syria. This will be done at any cost, just as in Libya, international law will be selectively enforced by the facade that is the UN, just as was done in Libya, until either the West is tactically defeated, or overwhelmed by growing international awareness and anger over the “R2P” racket.

Jan 18 2012

Romney and Obama Share Same Bankster Campaign Contributors

Kurt Nimmo
Infowars.com
January 17, 2012

Like Obama, Mitt Romney is a wind-up doll for Wall Street and the bankers. There is virtually no difference between them despite all the fetid air from the GOP propaganda machine.

Romney’s Bain Capital owns the “conservative” propaganda machine, Clear Channel.

This is revealed by a quick look at Romney’s top contributors. An Open Secrets page on top Romney contributors reads like a Who’s Who of Wall Street and the financial cartel. The top contributor is Goldman Sachs, followed by Credit Suisse Group, Morgan Stanley, Bank of America, JP Morgan Chase, UBS, Citigroup, Wells Fargo and Barclays – major players in the Wall Street and City of London bankster constellation.

Bain Capital is also on the list. It is a “financial services” and investment firm co-founded by Romney. Bain owns the establishment media propaganda conglomerate Clear Channel, which explains why “conservative” talk show hosts like Limbaugh, Hannity and Levin are supporting Romney, especially with the strong showing of Ron Paul in the primaries. Both Savage (real name Weiner) and Levin have gone so far as to call Paul a threat to the country.

In December, Mitt refused to release the identity of his “bundlers,” or people who gather contributions from many individuals in an organization or community and give the cash to the campaign.

In other words, the above list is only the tip of the iceberg. Romney’s lack of transparency about his bundlers indicates he is getting money from sources that want their identity concealed. Continue reading →

Oct 17 2011

JP Morgan Chase & the Looting of Iran

October 12, 2011 — Dean Henderson

(Excerpted from Chapter 1: David Rockefeller & the Shah of Iran: Big Oil & Their Bankers in the Persian Gulf…)

Yesterday the US Justice Department charged two men with conspiring with the Iranian government to assassinate Saudi Arabia’s US Ambassador Adel al-Jubeir. Today Occupy Wall Street protesters announced that they would target JP Morgan Chase. The historical irony of the two seemingly unrelated events is colossal.

Under the under-fisted rule of the US puppet Shah of Iran – who came to power after the BP-sponsored Mossadegh coup – Chase Manhattan, which later merged with JP Morgan to become JP Morgan Chase, issued letters of credit for all Iranian oil exports and monopolized deposits from the National Iranian Oil Company (NIOC), even after Iran nationalized Four Horsemen oil interests to create NIOC.

Chase controlled the Pahlevi Foundation which owned an oil company, 12 Iranian sugar refineries, electronics firms, cemeteries, mines, industrial bakeries, the country’s General Motors franchise, and a slew of banks – including the Shah’s personal piggy bank – the Bank Omran.  While “Omran” means “development”, the Pahlevi Foundation focused Continue reading →