Whenever you are overwhelmed by storylines, propaganda and misinformation, step back and think about who is really benefitting from wahtever bullshit is being forced down your throat by the MSM and politicians on both sides of the aisle. Jesse and Simon Johnson know who are benefitting from the policies inflicted on the American people since 2008.
If You Remember Nothing Else About the Financial Crisis, Remember This
The broad center, independents, and progressives are largely silent, having averted one almost certain disastrous choice in the most recent national election, only to find themselves still on unsteady ground with a weak and wavering ‘champion’ who may once more betray their trust for his own interests, and the deal.
And yet this is not nearly our darkest hour. That may be yet to come.
All the reform that has occurred so far has been largely window-dressing. Financial and political corruption is a tax that the real economy cannot support or endure while remaining free.
Until there is substantial reform, there will be no sustainable recovery. This is only the appearance of recovery in the empire of illusion.
“From 1973 to 1985, the financial sector never earned more than 16 percent of domestic corporate profits. In 1986, that figure reached 19 percent. In the 1990s, it oscillated between 21 percent and 30 percent, higher than it had ever been in the postwar period. This decade, it reached 41 percent.
Simon Johnson, 13 Bankers
“The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises.
If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.”
Simon Johnson, The Quiet Coup
TC says:
If you think about it, Bernanke and his band of financial engineers are pretty effin’ smart. They’ve figured out a way to rain trillions of dollars down on a handful of select financial institutions without letting any extra loose change fall upon the huddled masses. Exponentially increase banking profits while slamming down the velocity of money to help ensure wages stay low (and flat or falling over a period of decades.) Manipulate the reporting of the financial data and smile broadly high atop their marble perch while proclaiming God’s work. Brilliant, but in the most seriously deeply twisted shitfuck way.
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18th January 2013 at 9:03 am
Dorkus Maximus says:
“The broad center, independents, and progressives are largely silent, having averted one almost certain disastrous choice in the most recent national election, only to find themselves still on unsteady ground with a weak and wavering ‘champion’’
WTF? A dyed-in-the-wool Marxists was the better choice? Jesse’s a fool. Romney was no savior, but he wasn’t a stinking Marxist. If Jesse and Simon think marxism is the way to go they are idiots.
Like I wrote yesterday, otherwise intelligent people shut their brains off when it comes to the fool that is Obama.
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18th January 2013 at 9:46 am