CONCEPTS TO FIGHT PLUTOCRACY.
I Will Add Further Material To The Following Dictionary As Relevant Concepts Come To Mind.
(All the more since the crisis is extreme, & could turn (more) murderous, as it mutates into greater virulence. Readers’ help is respectfully suggested, as usual.)
Aid to Banks: In general, I approve aid to faltering banks, so that they can keep on operating. As long as it comes with big strings attached. After all, banks are public institutions, in charge of money creation, although they are privately managed (see fractional reserve). However, when a bank holding corporation is given financial aid by the public, the public should acquire ownership and control. If the bank does not like it, it can find somebody else to steal. And if it does not, then it has no choice.
American: word used by abuse of language to qualify the USA. That usage is clearly offensive to all of Latin America and Canada, which have significantly different civilizations. Although I try to use the qualitative “USA” as much as possible, “American” is so common, and flows so smoothly, that I will use it myself, in spite of the fact that Latin America is escaping the hegemony of the USA (known as the Monroe doctrine).
The nature of American civilization has made it most friendly to plutocracy. Actually the world headquarters of plutocracy are on Wall Street. So occupy it with a liberation army!
American Civilization: A deviant branch of European civilization, rendered possible as the colonies of the Americas stayed out of reach from European law (differently from, say, Siberia). This lawlessness allowed the physical extermination of the natives in North America.
That immense availability of riches, in turn, made American colonists the richest people in the world for 350 years: they found themselves with a gigantic continent to exploit, which had been spared abuse by middle age European agricultural technique. (The American colonists started by cutting the giant forests of the Eastern USA, with their giant trees, of a size unknown in Europe for millennia; actually places such as the Alps in Europe were still trying to repait their forestry, the main source of wealth, from the Roman over-exploitation, let alone the over-exploitation culminating in the early Fourteenth Century.)
The American holocaust happened initially in the Spanish empire, until emperor Charles Quint, made aware of the massacre by the outraged Las Casas, ordered various enquiries, judgement, debates and reforms. Finally the multilingual Charles Quint, born in Bourgogne, and elected emperor as a young adult, ordered the halt of the conquista. That is why so many of the natives survived in Latin America.
This is also why Spain did not colonize North America. Charles’ son, the fascist Catholic fanatic Philippe II respected his retired father’s orders, although he went out of his way to exterminate the French colonies on the Eastern seaboard of North America (as part of his total war against France, England and the Netherlands, which finished in total French victory, after no less than 160 years of war…).
As England experienced wars, republic, and revolutions, throughout the Seventeenth Century, she was unable to keep control of her American colony, which had re-instituted slavery as early as 1620 CE, followed by deliberate extermination of the natives as if they were vermin.
After England had unwisely got rid of France in North America, she tried to clamp down on her colonists, who were all too keen to invade Indian lands. That, plus a vengeful France, led to the “American war of Independence“.
Independence allowed the colonists’ full return to savagery, while paying lip service to civilization, to better obscure their outrageous practices. Presidents Jefferson and Jackson were particularly ferocious against the natives. However Jefferson is revered to this day, and has a grand mausoleum in Washington by a lake, probably the best looking edifice in the capital.
American civilization is characterized by the massive, industrial practice of slavery, and holocausts, for several long centuries. These markers of deep civilizational devolution left a deep imprint, explaining why, say, president Obama finds normal to kill those who are presented to him as a threat to the USA, without even a semblance of enquiry, or trial. Same old, same old. (English judges, in the 17C would hang seven year old children for, say, arson; however tough justice was in Europe, European society knew that it was crucial to keep the formal domination of the law, a crucial idea from the Roman republic, a big difference between 17C England and 21C USA!)
American left: The fundamental quandary of the American left has been that American plutocracy bought it off… The American middle class was by far, an order of magnitude, richer than any other middle class after 1945.
Nevertheless, subsequent to its tremendous defeat in Vietnam, the American pie started to shrink, as more and more countries, worldwide, became ever more independent of the USA, making the post WWII American empire ever less profitable.
A split within the Western left occurred in 1968, as youth rebelled both against the established order, and the established opposition.
In Europe the official left progressively accepted many of the ideas of 1968, as shown by the strong and lasting influence of the ecological movement. In the USA, though, the split persisted, as the unions refused to support McGovern against Nixon. It got worse after the pseudo left president Carter (see Afghanistan) made the bed for the outright pro-plutocratic regime of Ronald Reagan and his successors.
As the left was not united, and the army had become private, Reagan was free to crack down on unions. His employees Summers and Krugman helped establish a world order friendlier to chain reaction plutocracy.
Except for a few colorful, ineffectual old characters (Chomsky, Nader, etc.), the American left basically does not exist. Not anymore. It used to exist, for maybe a full century, and was often savagely repressed (May 1, celebrated worldwide, was a plot by American plutocracy to kill union leaders; repression by the McArthur led army in the 1930s was also savage).
No European leader could have stayed in power producing as much extreme right-wing legislation as Obama did. People would have revolted, and assaulted Congress and the White House, forcing power to show its true, savage, barbaric face.
American plutocracy: Its triumph in 1945, made it an ally of American democracy, for a full generation, as socialist minded presidents (Truman, Ike, JFK, LBJ, Nixon) ruled in times when the gigantic might of the (socialist minded) popular army of the USA weighted heavily in the minds of leaders. The un-election of Ford demonstrated, though, that the assent of the People was not really necessary. The privatization of the army did the rest (in 2011, the Pentagon employs officially about 300,000 private mercenaries, besides the regular professional army).
The Iraq and Afghan wars would have been impossible with a drafted army.
American Plutocrats: unsurprisingly, full-blown plutocracy did not appear in the USA before it became a wealthy empire, in the late 19C. After being bashed over the head by the Roosevelts, American plutocracy found a new line of expansion overseas by collaborating with fascist regimes hostile to the imperial West European democracies, mostly Britain, France and the Netherlands.
This was not just highly profitable at the time, but the government of the USA, by supporting one side, then the other, with exquisite timing, was capable of leveraging its entanglement of plutocracy with fascism. For example American plutocrats supported and encouraged the Nazis, like farmers support, fatten and encourage pigs. After 1945, Nazis were refurbished and re-used to further American plutocratic rule.
After Nixon went to China, it dawned on American plutocrats that they could repeat their performance with Hitler and his colleagues, by manipulating carefully the alliance with China. However, that remains to be seen, since China was not born yesterday.
Also, whereas American plutocracy and Wall Street were instrumental in giving birth to Nazism (above and below the surface), there again, Chinese civilization is more than 3,000 year old.
American plutocracy repressed: The first two manifestation of plutocracy in the USA were cracked down upon by the two presidents with the Roosevelt family name. The first, Teddy, having obviously inspired his spiritually very close cousin, FDR (the former indeed played father in law for the later, a significant fact those who describe them as distant cousins always omit).
So it all started with Teddy, a very aggressive man. Teddy killed bears, and charged Cubans on horseback. And he was just warming up. Later he ran as president, again, against all odds. A lesson for Obama: if you want to lead men up the righteous path, staying meek, cool, and respectful will not do it. Harsh, self-assured, domineering is more like it. (Those who throw the lamentable, self-contradictory Gandhi as a counter-example do not really know what they are talking about. Mandela, by the way, was a terrorist, and rightly so.)
Aristocracy: It means “Rule of the Best”. Even if that were true, it would still be wrong, because THE MANY IS BETTER THAN THE BEST. If nothing else, it’s more clever. (Contrarily to the self-serving legend promoted by plutocracy that just a few geniuses did it all.)
Assassin In Chief: “The United States conducted an operation [mini pause] to KILL [followed by another mini pause for accentuation] Osama Ben Laden…” This is a quote, word for word, accent for accent, pause for pause, announcing the assassination of the USA’s main ally in Afghanistan for two decades. Most Americans thought it was cool to have assassinated Ben Laden.
Having little knowledge of history, those Americans do not understand that what was assassinated, once again, was the primacy of the rule of law. Just when we thought we could not sink ethically lower than Bush!
In comparable situations, say with Jugurtha, the Roman republic arrested the perpetrator in a special operation led in person by a top general, Sulla. Jugurtha had famously said Rome was for sale, and his betrayal caused much greater losses to the Roman republic than 9/11 did to the USA.
The deliberate non application of the rule of law to Ben Laden goes hand in hand with the non application of law to banksters. It is the same meta principle: spare Bin Laden from the law, spare banksters from the law.
The prerogative of the King of France to make his own law with his own secret committee was one of the most important reason evoked to make the French revolution of 1789. The objects of the King’s own personal justice were imprisoned in the Bastille. One of them was Sade. He had six other fellow prisoners. The method was often used to spare the imprisoned the rigors of normal justice.
The last case when a French monarch ordered a traitor to be executed for all to see, was when King Henri III ordered the “45″ (his bodyguards) to kill the Duc de Guise who had fomented religious civil war in France in a plot with Philippe II of Spain for many years (Sixteenth Century). Henri III’s action was fully justified, in light of the ongoing full-scale war Guise was leading against state and society.
Balls: What Obama seems to have discovered he may need to stay president. Since that is a part of a very recent evolution towards common sense and populism, not to say popularity, I reserve my judgment. By the way, full-fledged women are also pretty aggressive (and several prominent women officials played a courageous role in fighting the plutocracy, whereas none sided with it: Sheila Bair, etc).
In general the Passion of the West explains its neurological superiority over the supine societies inspired by submissive slave religions, which have kept the East, well submitted. However all of South and East Asia has now adopted the Passion of the West (with the late increasing exception of Japan, smothered by its spiritual isolation, and vanishing demographics).
Banksters: The gangsters who manage the big banks, and make the mighty Mafia pale into insignificance. The more they lend to their friends from their class, the more powerful they get. They apparently hoped to destroy the economy, so that straightforward feudalism could be re-introduced, before the outraged People could revolt. After all, that trick was accomplished many times in history, and first of all, in Rome (although the Romans were well aware of the danger).
Banks’ president: Also known as “first black president” (although a president of the USA claimed before “black” ancestry, which, in Americana, is enough to qualify someone as “black”).
Obama banked his entire presidency into saving banks which deserved to disappear, be it only for the sake of the economy. Indeed, whether in ostensibly helping homeowners (but truly only 5 homeowners with a few pennies, and the all the big banks with trillions), or Quantitative Easing, it was all about helping banks, disguised under other semantics. By comparison, in his entire presidency, Obama gave less than ten billion for trains.
Bear Sterns: An investment banks which failed, as a forerunner of the Lehman failure. In this case the Treasury stepped in, and set-up a sweet gift to JP Morgan Chase, led by Obama’s “friend”, Jamie Dimon. That 30 billion dollar gift came to be known as the “Jamie Deal“. So Jamie swallowed Bear, and was viewed as a genius. Other may just view corruption therein.
Bernanke, Ben: Fallow head of the fed under Bush-Obama, playing wise old man behind his beard. Recruited Krugman at Princeton (it’s a small world…). A student of the Great Depression, he provided “liquidity” (= cash) to banks until the bulls came charging home (this had not been done in the 1930s, but was done continually by Greenspan, for more than a decade, for no good reason whatsoever; at least Bernanke had a good reason). Having run out of bullets, Bernanke admitted in Fall 2011 that it was for the politicians to find a way out. He added two weeks later that he “can’t blame” protesters for taking to the streets.
Big Banks: Private organizations given the monopoly of public money creation by their accomplices and co-conspirators the politicians. Politicians get financed and facilitated by the big banks and in turn allow them to create, or be given, as much money to put common job and property out of reach of common people, in a race to create a new serfdom before the masses revolt.
The top 6 banks in the USA have assets equal to 65% of the GDP of the USA.
Black: Unbelievably, it is all what Obama wanted to achieve by becoming president, in his own words. He is well on his way to total success that way, having achieved strictly nothing else.
In Suskind’s book, “Confidence Men“, brand new Senator Obama decides to run for president. Michelle Obama confronts her own husband in public, and asked him “what is he running for”? Obama thinks carefully. It is remarkable that those two never had a pillow talk about it, and Obama never even asked himself the question. After a bit of hard thinking, Obama says just having somebody with his skin color as president will be good enough. Well, good enough to re-awaken a lot of racism. As Deng Tsiao Ping nearly said, whether the monkey is black, brown or white does not matter, as long as he does his job. But if he does not his color does not matter. On top of that, Obama was born from a white woman and raised nearly exclusively by white people without a connection to Africa, in places such as Hawai’i, Indonesia with basically nobody of African ascendency. As a genuine African, I say this with perfect relaxation.
Black William: well-known professor of economy and law at the University of Missouri has condemned the present financial system. He described how some of the USA’s largest financial institutions engaged in massive fraud. He entitled his book The Best Way To Rob A Bank Is To Own One.
Bush: American dynasty founded by one of Hitler’s most important collaborators, Prescott Bush, manager of Auschwitz slave labor for Hitler’s most important defense company. Although the first president by this name was well-behaved after leading the CIA, his son engaged in a civilizational devolution, which, philosophically speaking, went further than the Nazis did, in some very important aspects. Torture and war of aggression (called “war of choice” in the USA) , for all to see, were initially enthusiastically welcomed by the American population. Although people who voted for him expected Obama to prosecute those violations, he endorsed them, and went further (while hypocritically claiming he did not).
Another aspect of Bush’s rule was the reduction of taxes on the richest lower than those on the lower middle class. As if that were not enough, Obama went further down that path to hell, brazenly boasting that it was “stimulating”.
Central Banks: Their nature and missions differ according to countries. In the USA: the “Fed” is a private organization masquerading as a public utility. In Europe: an academy of national central banks, with an insufficient mandate.
Clinton, Bill: United States president who allowed ex Reagan advisers and Goldman Sachs to finish the job allowing banks to do whatever with money, such as fake trading among themselves to mimic profits. Clinton became immensely rich after his miserable tenure, to reward him and inform his successors that they would be immensely rewarded too.
Clearly, as Obama became president, he got enticed by the Clinton example: help the plutocracy, and join it, since you cannot beat it.
Clinton, Chelsea: Hedge Fund princess, straight out of college. When she got married, the United States Secret Service closed airspace over a large part of the USA, thus training the common People to accepting, de facto, the notion of American Princess served by the state, greatly revered by simple folks, although she was never elected to anything.
Connivance: Connivance is how the 1% reign over the 99%. Connivance was at the heart of the globalization set-up before July 1914. It permitted the ever higher rise of plutocracy. That, in turn, incited the instauration in an advanced country such as Germany of a fascist system led that country to improve its economic performance less than perceived strategic threats such as democratic France and democratizing Russia. Thus German generals conspired, then plotted an attack, and finally assaulted the world at the first pretext they could find.
The connivence network is strong because, as a super organism, it supports its members, first, independently of all other considerations. That is why big banker CEOs are Too Big To Jail.
Colbert: French minister of the army and then of economy and finance who deployed a science oriented intervention of the government in the 1600s, following the ideas of Henri IV and his finance minster Sully (a reconverted top marshal of Henri IV’s army). Colbert is infinitely more modern, and superior to Keynes. Although they both speak warmly about state intervention, Keynes and Colbert are radically opposed.
Indeed, Colbert’s policy was radically opposed to that of the Roman emperors, who hated technology, and the advancement of the economy it provided with: if the economy advanced, why would not democracy advanced too? (Remember that, even under imperial form, Rome viewed itself as SPQR: Senate and People of Rome, so the return of the republic was always a threat, since, technically, it was not gone.) Instead emperors preferred to throw money at the People, exactly what Keynes advocated brazenly. OK, Roman emperors threw money at people, but Keynes wanted them to dig holes, and fill them up, to get the money, so Keynes had a sadistic side Roman emperors were deprived of (OK, I present my excuses to Sade, who was not like that; let’s just say Keynes was more cruel than Roman emperors, at least on paper).
Death Panel: According to Reuters, an American information company:”- American militants like Anwar al-Awlaki are placed on a kill or capture list by a secretive panel of senior government officials, which then informs the president of its decisions, according to officials.
There is no public record of the operations or decisions of the panel, which is a subset of the White House’s National Security Council, several current and former officials said. Neither is there any law establishing its existence or setting out the rules by which it is supposed to operate.”
One cannot emphasizes enough what a regression of civilization that is. It would not have been lawful, permitted or practice during the European Middle Ages. It would have been a no-no even in Imperial Rome, let alone Republican Rome, or Greek City-States (such as Athens; by the way, Socrates was legally judged, condemned, and executed).
The Reuters article gives the context. Let’s just say even the Nazis or the Stalinists did not sink that low.
Democracy: The natural organization of human society as found in the small bands which constituted human prehistory for millions of years of evolution. Democracy maximizes the production of ideas, so it is the optimal regime for civilization.
Derivatives: Fake accounting and conceptology to cook the banksters’ books. Suck all the world’s capital into the banksters, and other plutocrats’ possession and influence trafficking. Total GDP of derivatives is about ten times world GDP.
Should be allowed only as insurance for commercial operators with some reduced and tightly regulated liquidity from outside speculators with much lower, or no, leverage.
Education: is being made extremely expensive and private in the USA. Two interests: it is profitable, and it gives the higher class, the plutocracy, exclusive access to knowledge, and the ability to select as savant servants those who have the most submissive attitude.
European Leaders: A bunch of conservatives, friends of financial terror, masquerading as open to reasonable change, but desperate to change as little as possible from the piracy they profit so much personally from. They copied the American plutocratic method of giving public money and offering the entire economy, to the exact same banksters who caused the crisis, without any counterpart in any sense. Thus they make no sense socialistically, nor in a pure capitalistic system, and, of course, this is explained by their love of plutocracy. Plutocracy is not just the fundamental enemy of democracy, it’s also the enemy of free capitalism, and the free market.
Soon to be thrown out of their jobs by resurgent socialists (except in Spain, where the latter are too corrupt). Starting with the French presidency.
Euro: European currency. Malevolently and malignantly presented by the plutocracy, its servants and the enemies of the open society, as the cause, and scapegoat of the European Banking Crisis. In truth, not only the euro had nothing to do with the influence lending by banks, but the ECB, by going beyond its mandate, was able to attenuate the mauling of European economies by the plutocracy and its Weapons of Market Destruction.
Eurozone: 17 countries with insufficient institutions to cope with the gathering crisis. Fallow leaders, quite a bit like Obama, do not want to turn against their plutocratic sponsors, although it’s the only way out.
Exceptionalism, American: the doctrine that the USA is above normal civilization. Illustrated by Obama’s leitmotiv that only in the USA his story was possible (ignoring the glaring fact that French president Sarkozy has exactly the same story).
Unfortunately all the most significant objective makers of American exceptionalism are completely monstrous: slavery, holocaust of the native, and the worst civil war in many centuries (it killed many times more both absolutely and relatively than the French revolution and its attendant wars).
American exceptionalism is now used to justify invading other countries, torture, out of the law assassinations, and the general non respect of the law by the state, its representatives and its plutocratic allies. A very troubling devolution.
Esso/Exxon/Standard Oil Of New Jersey: A great supporter of European fascism, throughout World War Two (like IBM or Ford, etc.) To celebrate, the Italians hanged the fascist dictator Mussolini from an Esso/Standard Oil station in Milan.
Fed: Central American bank. Seven of its governors are appointed politically (i.e., with a semblance of democracy). However the remaining 12 members of the board are appointed by the private banks. In other words, the foxes sit inside the hen-house, and make policy. (It’s a bit like the CIA allying itself to Bin Laden, oops, wait…)
The individuals sitting at the Fed, among the most powerful financial individuals in the world, do not have to disclose personal conflict of interest, in a striking contrast with other central banks of the West, from Australia to Europe. In other words, the “Fed” is the most corrupt, most powerful large financial institution in the world.
There is evidence that 16 trillion dollars (more than the GDP of the USA, and even the EU) of loans were given by the “Fed” to a number of institutions and wealthy individuals, worldwide.
Right now the private bankers inside the “Fed” are voting against any stronger measures to fight the slump, which makes sense as the banks profit mightily from it, as all that has been organized is a rescue of their profits and machinations (all the more since some of the measures slowly adopted will prevent the full use of the old piratical methods, causing pain to the likes of Goldman Sachs…)
Financial Transaction Tax: One reform to implement right away, be it only because it is so simple to do so, and it can hurt only the worst speculators engaged in high frequency trading, especially methods to lead the market. The idea is to tax a small amount, say .1 of one percent. Normal investors will not see the tax. It will also establish a dynamic speed limit on transaction, thus re-establish causality.
If Obama is real about fighting plutocracy, he can go ahead with that. Apparently he suggested it earl in his administration, in accordance with the main train of thought here. But the agents of plutocracy in his government shut it down.
Foundations: A way for plutocrats to further their power without any interference from states. Allows the richest people in the world to also claim they are the best, and, moreover, humble and devoted servants of the People.
Fractional Reserve system: the private monopoly of money creation allowing the rich to lend ever more money to themselves with full public backing.
Ford Henry: Hated Jews, wrote a book who inspired Hitler. Earliest financial and mental backer of Adolf Hitler, before 1923. Later one of the pillars of the Nazi regime, which he armed all the way through. Got away with it.
Gangsters: Individuals constituting a gang for unlawful profits, personal, or that of their friends and, or family. Goldman Sachs bought at auction the Treasury Secretary job, and has held the position directly or through proxy for two decades. Paulson, Geithner, Bernanke, Holder, Summers, Bush, Mr. Clinton are responsible for the organization of a criminal racket, as I advocated to do under RICO since February 2009. However they could first be prosecuted under simple fraud (See the work of professor Black).
By the way, people such as Paul Krugman are accomplices too, because Krugman has never uttered the word FRAUD in connection with the rigged largest criminal organization ever.
GDP: Supposed to mean Gross Domestic Product, the sum of all transaction. In truth has come to mean Goldman Demonic Power. It is way too much about financial transactions, which, by themselves, detached from what financing can accomplish, mean nothing for the 99%. What we need instead is a Grand Divine Plan, to fit what our ancestors would have viewed as our divine powers.
Globalization: Fundamentally, in first order, a good idea. Everybody works, worldwide, and because people have different abilities, for different jobs, they trade, worldwide. It’s certainly better than the division, xenophobia, threats and wars, which constitute the alternative to globalization.
However globalization happened before, in somewhat similar circumstances. Moreover the globalization then was even more extensive than now, in many ways. For example identification papers were not needed for travel. And there was a lot of connivence. The kaiser was the grand son of the Queen Victoria of Britain, and his cousing was the Czar, etc. It all ended on August 1, 1914, when a half dozen military men acted on their plot, and attacked the world.
How come? Well, there was, first of all a globalization of plutocracy, just like now. When plutocracy is cornered, plutocracy calls onto Pluto and Mars, the gods of hell and war. Plutocracy, faced with the loss of its advantage, an existential threat, as far as it is concerned, prefer to launch armies, as it is never in the forefront of them, but leads them from behind. Example: in the Libyan war, Kaddafi was the last to be killed, or so, and then the war stopped. Same for Hitler, Mussolini, etc.
This is also exactly what happened to the Prussian plutocracy. By 1912, it had figured out that the march of democracy, outside (France, Russia), or inside (German socialists in the Reichstag), spelled its doom. So it doubled up, and went to war. World war, as it knew perfectly well.
Could it happen again? Yes, if we don’t pay attention, and let the erosion of civilizational standards proceed (the path Bush II engaged on).
Global (Democratic) Institutions: an indispensable way to keep the world out of the most outrageous clutches and machinations of plutocracy. The UN, UNESCO, WHO, IMF, World Bank, BIS, etc. are examples. They are not perfect, and they have to be improved democratically and that means transparently. Of course. But for that they have to be engaged.
Other international organizations, such as Mercosur, encourage trade instead of war, and that is good. Even NATO prevents war between Greece and Turkey (at least now). There is no doubt that more economic cooperation, including Israel would make things better in the Middle East.
Geithner Tim: Famous for never paying $40,000 he owed the IRS, on the ground that he got away with it (more than 3 years had elapsed between his fraud, and it being revealed). Now heading… the IRS.
As the well paid head of the New York Fed, he was main architect of giving trillions to his friends the banksters. Under Bush. yes, more than Paulson. Picked up by Obama to extent giving public money to his Wall Street friends, and his friends in the biggest banks, who had financed him much more than Hillary Clinton.
Now tiny Tim is furious that the conservative European leaders are slowly oozing towards asking the big European banks to take perhaps more than a 50% loss on Greek loans (the solution I have long advocated, and which was viewed as iconoclast, because it is equivalent to rejecting the rule of the wealthy). Tim knows all too well that would break the spell, and Americans would ask: if right-wing European leaders refuse to send public money to banks, why should our pseudo democratic president be allowed to keep on doing it (as he does through the housing crisis and “The Twist”)?
GE, General Electric: One of the largest American corporation. Sent millions of American jobs overseas. Declared it would transfer secret American aviation tech to China to gain influence. Pays no taxes. Its CEO, Mr. Immelt, is chief of economic advisers to Obama. As such he declared that what is good for GE is good for the USA, just as what is good for Siemens is good for Germany.
Such statements exhibit a total lack of knowledge of German Kurtzarbeit and other deals between German managers, companies and shareholders, and the rest of German society. The grandeur of Immelt, like that of most American CEOs is demonstrated by his immense physical size, thus making clear that bulk is smarter than smart. At least, for American plutocracy.
Goldman Sachs: An investment bank which has been at the forefront of the silent coup of plutocracy against democracy in the last few decades. Accurately depicted as “Government Sachs”. G-S has always several officers in the White House, telling their employees, that is, the politicians, what to say. G-S even allowed the right-wing Greek government to lie to Eurostat to dissimulate the extent of the Greek deficit.
G-S played a very important role in the sub-prime crisis. Having set-up an elaborate plot with AIG to insure derivatives, it would nevertheless had gone bankrupt. But the government of the USA stepped in, and offered to Goldman Sachs up to 60 billion dollars, without any counterparties. That was all the more remarkable, since, as an Investment Bank, Goldman Sachs was not protected by state insurance system (as deposit banks are).
Great Depression of the 1930s: A warning sign on the way to, and a lower dimensional version of the present Greater Depression. The Greater Depression we are enjoying has ecological and globalization dimensions not encountered before. Moreover, the plutocracy is now operating in plain sight, whereas in the 1930s its support for fascism was hidden by an opposite language.
Greater Depression: All the basic factors of the depression of the 1930s are present today, but others, even more drastic ones, have appeared. Thus this is a Greater Depression, and not a “Great Recession” as well compensated half-wits have soothingly called it.
The reason why there is no panic yet is that some of the stabilizers put in the 1930s (such as banks’ rescues, and deposit insurance) are in place. Also, this time, states have not been at each others’ throats.
Greece: Undermined by a combination of overspending on not sufficiently profitable investments plus too many plutocrats paying no taxes (the Orthodox Church, the state religion, and ship magnates and other plutocrats pay no taxes, as they plead that they are friends the People cannot do without). See PIIGS.
Greenspan, Alan: was made head of the central bank after his predecessor, the esteemed Paul Volcker, refused to play the plutocratic game. Certainly delusional and probably corrupt, he did exactly what president FDR had warned again, namely borrowing more to pay old debts.
Obama tried to use Volcker mostly as a verbal smokescreen. However some reforms Volcker advocated are more or less, or rather less rather than more, been adopted, threatening some of the feeding habits of Wall Street’s greatest sharks.
GSEs: Government Sponsored Enterprises: USA plutocratic propaganda depict Europe as the land of the welfare state, and the USA as the “land of the free“. Including the “free market“. However Europe has nothing comparable to the GSEs.
The GSEs were set-up to artificially make mortgage affordable to people, thus making the banks their lords, and people into serfs. They collapsed financially in 2008, and had to be nationalized to the cost of 150 billion dollars.
Since then, most mortgages were bought by the GSEs to allow banks to flourish again. So the GSEs carry toxic investments the banks have been cleansed from. There is evidence that the GSEs will collpase again, augmenting the taxpayers’ bill.
Gross, Bill: The California based manager of world’s biggest bond fund, PIMCO, declares that it’s no surprise that the 99% are fighting back “after 30 years of being shot at.”
Hessel Stéphane: French citizen born in Berlin, who escaped to France. Published in October 2010, Time for Outrage! (original: Indignez-vous!… Be outraged!). Hessel advocates to Occupy Wall Street. One has to find the time and energy to be outraged when human values are not respected says the 94 years old. He has been an immigrant to France, French Resistance fighter, concentration camp survivor, diplomat, advocate and author. A fighter caught by the Gestapo during World War II, he was sent to the Buchenwald concentration camp, escaped during transfer to Bergen-Belsen. Later he helped draft the United Nations Universal Declaration of Human Rights.
IBM: Famous for having the monopoly of computing in Hitler’s Germany, and occupied Europe. The Nazis leased all its equipment to IBM, which was managed from New York by CEO and founder Watson. every extermination camp had one or several IBM machine, managed directly from New York, as I said. See the book:”IBM and the Holocaust” (by Mr. Black). An example of an American plutocratic corporation, getting away with it. It was only fair: familiar with the American holocaust, the Nazis deliberately decided to copy the ways of the USA, but inside Europe (as they explained among the few who were in the know).
Imperialism: derived from the Roman term “imperator”, the supreme title given to a top Roman general, by acclamation, by his troops, and held until a triumph. Came to mean vast realms administered by a government. Empires can be good, or bad, depending. There is no doubt that the empire of the USA was excellent especially for the USA. It was an unmitigated disaster the way it came to be, through the connivance of American plutocrats and racist fascism of the hypernationalistic variety.
Income Inequality: One of the main causes of the Greater Depression. Income inequality does not just abate economic activity, it deprives most social actors of a share in society. Ultimately if just one plutocrat owns everything, nobody else does anything, or everybody else is a slave.
Inequality, Taxes: The higher the incomes of Americans, the less taxes they pay. It is not necessarily better overseas: de Bettemcourt, a wealthy French woman, owned an entire Seychelles island with a runway, without the French IRS knowing about it (among billions of property she had, unbeknowst to them). Don’t worry: far from getting in penal trouble, she was declared senile!
Iraq: Invaded because the invasion would pay for itself, by selling Iraqi oil, said the Neo-Conservatives at the time. The idea, exposed again and again on Fox News, at the time, by the elements of the U.S. regime, was a totally gross violation of the Geneva Conventions. When that fact dawned on the Bush administration, it could only decide to evacuate Iraq.
Keynes: Pro and proto-Nazi British economist famous for inventing in 1919 the thesis that the Versailles Treaty was a casus belli. Namely that the French republic, by making independent the gigantic portion of Eastern Europe that Germany and Austria occupied, had fatally weakened Germany, and was an offense against peace. The thesis was adopted by the Nazis, and Hitler in particular.
Keynesianism: The doctrine that the government should replace a meaningful participation in society with make belief work. Very popular with the fake opponents of plutocracy.
Philosophically and historically, Keynesianism is nothing new, it’s 2,000 year old. It was central to the undoing of imperial Rome. It is the idea that you pay the People to do nothing, to keep it occupied and peaceful. Keynes illustrates this by explaining how good it would be to pay people to dig holes in the ground, and they fill them up, and doing it again. It goes well with his Nazi like contempt for the People.
The Roman emperors used to distribute massive amounts of money and bread to the People of Rome. The result was no Roman revolution whatsoever (only military coups), and a slow plutocratic decomposition over a period of more than six (!) centuries.
Krugman Paul: Famous editorialist at the New York Times, later made Nobel Prize in economics. Started his career with his friend Larry Summers at the White House with B movie actor Ronald Reagan, one of the plutocratic figurehead presidents. Summers deregulated the finance industry, Krugman deregulated globalization. An ambivalent figure, like most individuals of the pseudo left of the USA (Pelosi, Obama, Clinton, etc.).
Krugman ardently supports Keynes and (Neo) Keynesianism.
Lehman Brothers: 158 year old Investment bank which got over leveraged and over extended in unprofitable investments. At the end its leverage was more than 50 (meaning it had four billion of assets when it lent 200 billion). Running out of cash, the Fed lent it 50 billion each morning, which it recovered in the evening. Hank Paulson, Treasury Secretary, who, as CEO of Goldman Sachs, two years before, refused to save it. It was a major mistake. The USA ought to have saved Lehman, by nationalizing it (which was done with the GSEs). There is evidence that Paulson had a personal grudge against Mr. Fuld, the head of Lehman, and may have thought the elimination of Lehman would profit Goldman Sachs.
The collapse of Lehman, a major bond market maker, made the banks unwilling to do business with each other, freezing the entire financial system, worldwide.
Lending: The more they lend, the more powerful banks get, especially if they lend to each other. As it occurred to the biggest banks that the government would save them, they did whatever. Solution: make all and any loan and the reason(s) why it was lent, public and transparent. Violations of that to be prosecuted, and the same for bad loans. Worldwide, from loans to aircraft makers, to loan to car buyers.
Some will say that I am promoting the end of the free market. But banks are private, secretive monopolies, with the full backing of the state: they already have nothing to do with the free market, and everything to do with the connivance between state and plutocracy.
To break that connivance, only one solution: bring in the enlightenment of democracy, plutocracy’s arch enemy. So I propose to replace the connivance of the state and plutocracy, which is unconstitutional and anti-civilizational, by the connivance of the state and democracy, which is both constitutional and civilizing.
Mafia: Pales in comparison with the present plutocracy.
Medicare: Existing national health care system in the USA. Covers people above 65. Extended to drug coverage by president G. W. Bush, in his one and lonely positive contribution. Forgot to pay for it. My suggestion was to transform it in Medicare For All. Everybody could have used it as health insurance in lieu of private insurance (and at equivalent spending levels). Advantage: permanent coverage, independent of government. By adjusting things carefully, Medicare For All could have paid for most uninsured. It ought to have been given full ability to negotiate with health providers and drug companies, as national health plans have in other countries. Medicare for All could have been signed into law in five minutes, by executive order.
Obama instead opted for Obamacare, which forces individuals into private contracts with for profit companies, and that is obviously unconstitutional in any democracy (when the government forces the public to serve the privates, that’s called servitude).
Money In USA: In 94% of cases the candidate who spent more money wins elections in the USA.
Median Income In The USA: Down 7% from 2000 to 2010. Everything indicates it will get worse, as no measure whatsoever was taken to stop that. Plus: the pillars of middle class’ well being, such as middle class free education, all the way to the PhD, are collapsing (whereas they have been instituted in say India, or China, or even Brazil).
“Militant”: Subject to assassination, upon recommendation to the president by a secret White House subcommittee. Will they come for Obama some day? Just asking.
Monroe doctrine: The ill disguised assertion that the American continents belong to the USA, and that the Europeans, in particular, should stay away from them. It is a natural extension of the doctrine that the land of the Americas belong to Washington and its agents. Put in practice by organizing plutocratic dictatorships all over the Americas for more than a century. Culminated with terror in Chili, Brazil and Argentina. It was de facto overthrown by the British counterattack (secretly helped by France) against the Argentinean dictatorship (Falkland war).
Nazism: is intimately tied to the rise of American plutocracy. However, this is suppressed in the USA, and in places such as Wikipedia. One can only suspect that agents are paid to do so. The reason is simple: to realize American plutocracy created a lever called Nazism, and then used it carefully, would open a whole can of worms about the nature of American plutocracy and the absolute viciousness it is capable of. It would also lead to worry about a possible repetition of the scheme.
Obama: Uncle Tom as president? (Since there are many non American readers let me explain. “Uncle Tom” is a derogatory term for a person who perceives themselves to be of low status, and is excessively subservient to perceived authority figures; particularly a black person who behaves in a subservient manner to white people.
Obama’s motivation to run for president? After Michelle Obama incisively asked him in public why he, her young and inexperienced husband, wanted to run for the highest office in the land, Obama, after lots of ponderous thinking, lamely replied that being “black” and sitting pretty as president would be enough. Well, he is not black, and it’s not enough. If he does not want to just been viewed as the most despicable “Uncle Barack” of history, he has to do way better. That means to chose between plutocracy and history. He has only a few months to do so.
Obamacare: Obama’s ways of ingratiating himself with the health care potentates (his friend Warren Buffet, another hypocrite, among them). Barack had forgotten to fund it, though, and so he dropped a major part of it October 14, 2011, demonstrating that Obamacare was mostly for show. Meanwhile Obamacare gave a pretext for health care premiums to go up 9% in one year, and health care from 16% to 18% of GDP.
Passion of the West: The real engine of Europe in the last 3,000 years. Already in evidence when the Greeks resisted stubbornly the Persians, and counterattacked devastatingly over the next two centuries, going all the way to India.
But it is not just the Greeks and Romans who were passionate. In a way, the Germans were even more passionate, as demonstrated during the Roman victory on the invading Teutones below the Sainte Victoire (thus its name!) next to Aix en Provence (102 BCE). To their dismay, the legionnaires found that German women had grabbed weapons and cut down some of their own men fleeing the legions, accusing them of cowardice. (In truth Consul Gaius Marius, with superior generalship, had hidden troops in ambush, and soon more than 100,000 Teutones were rotting in the sun, giving its name to the town of “Pourrieres”.)
Neurology’s engine is passion. Superior neurology leads to superior science, and then superior economics. Something China, India and Brazil have finally understood, but that Europe and especially its rogue American colony, seem to have forgotten.
Paulson Hank: Ex football player made bully in chief at Goldman Sachs. Became Secretary of the Treasury by Bush as the financial crisis loomed. Sent, with his boy Geithner and Bernanke, thousands of billion of dollars to fellow bankers and past alumni, like himself, at Goldman Sachs. Owns an island with seven villages.
Paulson John: Hedge Fund manager. Personally earned, for several years, after tax, enough to pay for 50,000 teachers, a year, with benefits.
PIIGS: Portugal Ireland Italy Greece Spain. Countries where big banks invested in private projects which were bound to be unprofitable. But they did not mind, because they knew that their friends the politicians would come to rescue them.
Philanthropists: Title used by plutocrats in the USA. Generally accompanied by an oath to give, free of taxes, the management of one’s immense fortune to oneself, and family, to increase further one’s importance and obsequious adulation.
Plutocrats: Plutocrats are more or less vicious. Some are like Soros, making a billion from breaking the pound, and then using his influence and money to give a PhD to Saif Al islam el Qaddafi. Some plutocrats are like Bill Gates, playing the foundation trick to the hilt. Others are even richer, like the Walton family (which controls more than 100 billion dollars), and unfriendly to organized labor. Some are outright promoting Pluto’s underground wealth, like the Koch brothers, also financing the Tea Party and those who believe that poisoning the atmosphere with CO2, CH4 and a monstrous cocktail of man-made greenhouse causing poisons, is what the doctor ordered.
And then there are outright genocidal plutocrats, like the Ceaucescus, Qaddafis, Assads, and the like. One has to understand that the Kaddafis controlled more than 150 billion dollars, managed overseas by Western banksters (who ought to be jailed as objective accomplices, and their properties seized).
Was Hitler a plutocrat? Of course! So was Stalin (who started by attacking and stealing banks, sometimes in a very bloody way). Not only do leaders of great nations have huge power, hence wealth, at their disposal, but the often rule using the Darkest Side imaginable, the one way down there, where Pluto dwells (before Pluto there was Hades; Hades got such a terrible reputation among the very ancient Greeks, that the word “Pluto” was rolled out to replace him!)
Plutocracy: Usually described as the rule of wealth. However, it is not just the rule of wealth, but also of Pluto himself, as the Greeks had already established.
Plutocracy is mode of mental organization of the multitude which civilization made possible. So it is a paradox that civilization created its own enemy. But so it is when one suppresses fire too much: the all too lush forest can turn into the ultimate inferno.
Plutocracy is the ultimate enemy of democracy.
Nowadays, with the god like technology of destruction we have, the return of plutocracy would probably mean the irreversible annihilation of civilization, and, soon, enough, humanity. Maybe that happened many times among the stars.
Nazism was just a warning. So was the rule of the Aztecs. The return of full blown plutocracy would do much worse than those two combined. There would be no limit, as everything has proven relative, except the limited resources of the planet. It does not require much imagination to realize what the largest, and troublesome, biomass is.
That the two latest presidents of the USA gloat of ordering torture and extra judicial punishments, incarcerations and arbitrary executions, is another warning that Pluto is becoming ever more arrogant.
This was all encouraged by the greatest fraud ever committed, the Wall Street machinations which culminated with the financial crisis of 2008. To this day, no prosecution was engaged against any of the perpetrators, thanks to their obsequious servants, the best politicians wealth ever bought.
Plutocratic Trans National Corporations: Complex systems theorists at the Swiss Federal Institute of Technology in Zurich mapped ownership among the world’s Trans National Corporations (TNCs). Previous studies had found that a few TNCs own large chunks of the world’s economy, but they included only a few companies and, naively, omitted indirect ownerships.
From Orbis 2007, a database listing 37 million companies and investors worldwide, the theorists pulled out all 43,060 TNCs and the share ownerships interlinking them. A core of 1318 companies with interlocking ownerships became apparent. Each of the 1318 had ties to two or more other companies. On average they were connected to 20. Although they represented 20 per cent of global operating revenues, the 1318 TNCs appeared to collectively own through their shares the majority of the world’s large bluechip and manufacturing firms – the “real” economy – representing a further 60 per cent of global revenues.
When the team untangled the web of ownership, it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Mr. Glattfelder, one of the authors. Most of those were the usual suspects, the top financial institutions. The top 20 included Barclays Bank, JPMorgan Chase, Bankf of A, UBS, and Goldman Sachs, and quite a few French and German financial giants exposed to Greece.
The apologists of plutocracy hasten to add that this does not prove conspiracy, thus demonstrating they do not know what conspiracy means. It means “breathing together“. A fortiori so if one owns each other.
Popular Arising: The USA is one hundred percent opposed to the suppression of popular demonstrations, as long as they are not happening in the USA.
Quantitative Easing: a technique hidden by technicalities to transfer thousands of billions of dollars to the banks, and their wealthy bankers and wealthy shareholders, from the 99%, while claiming to be helping “the economy”.
The technique consists into the USA central bank buying long term bonds so that banks which have bought them make plenty of money. How did the banks get the cash? From the zero interest rate policy Krugman and the like advocates. This way money has been transferred from the little savers and little grandmothers to the wealthiest people in the world, while forcing the rest into the bond and stock markets were their money disappear, thanks to market manipulations by the wealthiest people in the world, and their operators, such as both Paulsons. Now called the: “Twist“, to avoid criticism.
Radical: from the Fourteenth Century medieval philosophy, from the Latin radicalis “of or having roots” from radix “root“. Meaning “going to the origin, essential” is from 1650s. Political sense of “reformist” (via notion of “change from the roots“) is first recorded in 1802 (by then the fractional reserve public-private monopoly was established). In other words, not only there nothing wrong about being radical, but sometimes it is the only way.
Rating Agencies: The so called “Three Sisters”, Standard & Poors, Moody, and Fitch, rate how much the institutions which borrow money can be trusted. They rate companies, states, and even cantons. States don’t pay them, although the USA engaged a criminal inquiry after being downrated (a sort of negative payment!)
However companies (such as banks) do pay them. Thus during the subprime times, AAA ratings were given to junk. In the end, this was profitable to the entire big banks connected plutocracy, as it allowed the co-conspirators to create a super giant fraud which the plutocracy then was able to surf.
Reforming Finance: 1) A worldwide Financial Transaction Tax should be first, immediately, at the G20 in November, because it’s a no brainier.
2) To provide immediate relief, systematic and systemic default ought to be organized, as needed, throughout the financial system. Start with Greece. Address the problem of homeowners in the USA.
3) The next lines of reform would have to be derivatives, shadow banking and further lending. The first two ought to be mostly outlawed, and what’s left, made transparent. All and any lending ought to be made completely transparent, according to the philosophy that banks, are, truly, agents of the state (under private management).
Revolution, American: There was a strong anti-plutocratic component in the American Revolution, as the king, the plutocrat-in-chief, was vigorously attacked verbally and philosophically. But there was also a pro-plutocratic component, as the evil design of invading Indian lands was high on the agenda of land speculators such as Colonel Washington. The American states gave the right to vote under various conditions, such as property or religion.
Revolution, French: The Revolution started mildly, with the General States having proclaimed themselves a Constitutional Assembly. Under the impulsion of Sade, and thinkers such as Danton or Mirabeau (Comte de…) though, the Revolution took an ever stronger anti-plutocratic character. Finally all European plutocracies conspired to crush it, and a war to death between the republic and the plutocrats took shape.
There had been plutocratic republics in the European Middle Ages, but, being plutocratic, precisely, they were never perceived as threats against established plutocracies. The Holly Roman empire had no more problem being allied to the Venetian republic, than Charlemagne himself. Quite the opposite, as the republics were full of bankers leveraging through fractional reserve (to find money to pay mercenary armies!). Those republican bankers were keen to bankroll the likes of Francois Premier or Charles Quint (even when that was just to fight each other! The wars maintained plutocracy dynamically, by presenting with pretexts to crush popular energy).
But the French revolution was a completely different beast: it was a full return to the Roman republic, as every man was a citizen, and every citizen could vote. Plutocracy has dreaded such a return ever since Octavian became Augustus. In the end, the Revolution won: Europe is now covered with republics (even the so called monarchies are, de facto, republics). Even better: the whole planet is covered with French revolution style republic (with the notable exception of China’s PRC).
Meanwhile, fractional reserve has slowly eaten at democracy, and it’s time for an overall system reboot.
Rights of the Child, Convention On: the Convention On the Right of the Child is recognized by nearly all countries of the United Nations, but not by the USA, and its fellow soul, Somalia. what is the tie with plutocracy? No hand is small enough to work for a plutocrat. This also exemplifies the relationship between piracy on the high seas (practiced in Somalia) and financial piracy (practiced on Wall Street).
According to the Heritage Foundation and other similar ultra nationalistic organizations, American exceptionalism, can do no wrong, and thus stands way above the Rights of any Child.
The supine attitude of Americans about this scandal is another proof that there is no American left, and that, 60 years after McCarthyism, basic decency is still in short supply in the USA. Obama said he would review the Rights of the Child, but he has been too busy playing golf with Wall Street fat cats, a habit he acquired in 2007.
Rubin Bob: Ex CEO of Goldman Sachs, Sec. of USA Treasury, founder of Citigroup. Told Clinton that he would be re-elected if, and only if, he pleased Wall Street. Clinton used the F word, but obeyed, making him a good boy, thus insuring his fortune and lasting influence as a marionette.
Savings & Loans: Thanks to Summers Larry, a type of banks, the Savings & Loans, which loaned to homeowners, were deregulated under Reagan. The S&Ls were soon the object of massive fraud (deregulation made fraud possible, as Summers himself recognized: no watching, no conscience!) The entire industry disappeared. By the early 1990s, under Reagan and Bush senior, about 2,000 (two thousands) were nationalized and then resold. There were about 1,000 convictions for criminal acts.
The present financial crisis involves fraud on an incomparably larger scale. By professor Black’s estimate as the regulator he was, by his estimates there have been exactly zero convictions and zero indictments. So, when Obama riles against Wall Street, it may have to be taken with a grain of salt. In truth why would he feel the urge to bite the hand that fed him, right from the start? That would be antinomic to his credo of (self) “navigation” as the ultimate good.
Schools: After the 2008 financial crisis, 250,000 teachers were fired and not replaced in the USA, although the school age population is increasing rapidly. In 1960, attending the University of California was supposed to be open to all those qualified, and free. Now it costs $31,000, a year, for college (and it’s more expensive for graduate school). The money to have a superlative school system pales relative to the money spent helping banksters.
Slavery: Outlawed in Europe by the Franks in 660 CE, under the government of Bathilde, an ex English slave girl purchased by a rich Frankish merchant, who escaped, and was later bought, freed and married by the future king. Slavery was reintroduced in the Americas by its colonists, first in the Caribbean, and a century later, in the American English colony. In a notorious bulle, a Pope, to please the Portuguese monarchy, had declared that black Africans could be enslaved.
Summers Larry: Arrogant nephew of two American Nobels in economics. Reagan adviser for economics, greatest personal destroyer of president Roosevelt’s financial and economics architecture. Great partisan of unregulated derivative finance. Made millions given by a hedge fund. Dazzled the naïve Obama with his facile brilliance. Sexist, caused the loss of billions in Harvard endowment with fraught investment policy in… derivatives.
Parroting the great economist John Kenneth Galbraith, out of context, Summers’ motto is that ‘conscience is the knowledge that someone is watching.’ In other words, Summers has none, and wants even less, as he imposed secrecy, as Secretary of the Treasury, time and time again, say in the so called “derivatives” industry (an occasion for him to insult Sheila Bair).
Supreme Court USA: Thinks corporations are people and should be allowed to contribute secretly to fellow plutocrats. In other words, it wants people to have no conscience, even in summers’ restricted sense. The USSC takes itself for a Constitutional Court, although that function is not described in the American Constitution (while it is in, say, the French republic). Among other exploits, selected as president of the USA the one who has the fewer votes, but the higher plutocratic credentials. Now is allowing corporations, and plutocrats to give as much money as they want to influence the electoral process, in complete secrecy, in a desperate bid to establish feudalism before the otherwise unavoidable revolution.
TARP: Transferring Assets to Rich People. Astutely presented as the main give-away program for big banksters welfare, to detour attention from the much more massive help of Quantitative Easing. TARP was “reimbursed”, with massive publicity, from other gifts of the government, or other programs.
Teachers: 250,000 fired in the three years after 2008, in the USA alone.
Terrorism, Financial: Arguably worse than Muslim terrorism itself. Although, true a handful of Muslim terrorists killed thousands, financial terrorism, standing behind the mighty military-industrial complex of the West, killed millions (see Afghanistan; the wars involving Iraq, to a great extent contrived by the west, also killed millions, especially when one counts the children killed indirectly).
The Twist: As Quantitative Easing came to be perceived as outrageous no strings attached help to the banksters, presto, the Fed changed its name into “The Twist“.
“Too Big to Fail”: See below. The idea is that if big banks were allowed to fail, the economy will break. This is what happened in 1930s in the USA.however this forgets the point that individuals are insured up to $100,000 nowadays, by the FDIC. And similarly in Europe. The simplistic idea of “Too Big To Fail” also neglects the distinction between banks (the thing with deposits, ATMs, cashiers and advisors) and the bank holding corporations. One can fail the latter, while keeping the preceding intact. Actually the FDIC does this several times a week. With smaller, less political influential banks.
Too Big To Jail: Also known as “Too Big to Fail”. The idea is that, when one has enough influence, and one has become part of the Connivance network, one is above the law. It’s important that this principle be respected at all times, so that the members of the connivance network can act boldly, decisively. For example by inventing banking losses the vulgum pecus is then asked to pay for.
Wall Street: As the Suskind’ book, “Confidence Men” reveals, Obama was Wall Street’s secret candidate. and financed him massively, allowing him, Obama, to beat Hillary Clinton through money attrition (although, full disclosure, the present author did help Obama relatively more, especially during Obama’s nadir of November 2007; however, had I known the massive support of Wall Street for Obama, I would have still supported him. However, within a year it became obvious that Obama wanted to join Wall Street, rather than exercising an independent judgment he may have been unable of, many of the issues being technical, he had to turn towards his closest advisers, creatures from the depths such as Summers, obsequious servants of Hades).
Xenophobia: would not help anybody, as plutocracy is a worldwide conspiracy, plot, network, and conniving connivence. Thus plutocrats help each other, in their brotherhood of evil. For example, Bush and his CIA cooperated with their brother in arms, Muammar Qaddafi. A less well known example is that the American plutocrats who had helped Hitler so much, kept on helping the Nazis during the entire war, and even after the war.
Confronted to a worldwide conspiring jet-set, those who the plutocracy oppresses have to stand united too, and help each other. The plutocracy knows this, and will try to evoke ever more xenophobia.