Posts Tagged ‘Finance’

Macron, Bankster, Executioner

September 7, 2014

Humanity is facing its greatest crisis, ever. Clearly the situation of the biosphere is the most dangerous in 65 million years. And what do we do? We put in charge of everything individuals such as Mr. Hollande, an obvious half-wit with a vicious sense of contradiction (his ex-mistress revealed that “socialist” Hollande calls the poor “Sans-Dents”: “No-Teeth”).

Krugman wrote in the “Fall Of France”: “At this point, Europe is doing worse than it did at a comparable stage of the Great Depression. And even more bad news may lie ahead, as Europe shows every sign of sliding into a Japanese-style deflationary trap.” That has long been clear, as I pointed out in GREATER DEPRESSION, more than three years ago.

Hollande: Bankster To Lead France

Hollande: Bankster To Lead France

Krugman: “[Hollande] was elected on a promise to turn away from the austerity policies… Since the intellectual justification for these policies was weak and would soon collapse, he could have led a bloc of nations demanding a change of course. But it was not to be. Once in office, Mr. Hollande promptly folded…

Let it not be said, however, that he is entirely spineless. Earlier this week, he took decisive action… Mr. Hollande’s force was focused on purging members of his government daring to question his subservience… you need to understand two things. First, Europe, as a whole, is in deep trouble. Second, however, within that overall pattern of disaster, France’s performance is much better than you would guess from news reports. France isn’t Greece; it isn’t even Italy. But it is letting itself be bullied as if it were a basket case…”

(Actually French employment rate in the prime slice from 25 to 55 years of age is better than the USA’s!)

Hollande nominated an entire team of half-wits to lead France; several of whom apparently hoped that, being at the top of the state would put them above any suspicion, and allow them to engage in massive tax evasion.

The latest of these low lives was Trade Secretary only nine days before it came to light he did not declare his income for years. Not to worry: he is back to Member of Parliament again, where he will be presumably able to make discourses attacking those in the Middle Class who complain about confiscatory taxes, as he used to.

Hollande’s fate is reminiscent of Obama’s. Here are two presidents elected to enact real change profiting We The People. Yet, they soon surrounded themselves with people from the other side, the side of very high finance. Then they surrender to the reality they had themselves created.

In both cases, it has been a triumph of the bankers. In both cases individuals who worked in, and for banks, became pillars of the administrations. And not just any banks. The major banks, those entrusted by society to create massive credit, that is money, to support the economy.

Instead those giant banks spend all their muscles engaging of a casino of their own making, in which they make money off each other and a secretive universe of hedge funds and so called “Dark Pools” (more than half the world’s money).

Hollande just nominated Mr. Macron, 36 year old, Economy Minister. Macron is a graduate of ENA who worked as a Finance Inspector, before being employed by the Rothschild Bank for four years. Presumably Macron was using his know-how of the Finance Inspectorate to tell Rothschild how to avoid taxes and prosper. Macron made a huge fortune.

Rothschild had already pulled this trick over a twenty year period in the 1960s and 1970s, when another of its equally ignorant creatures, Pompidou, came to lead France as PM and then President.

The Daily Beast, in a burp of propaganda: …”[Macron] got rich on his wits. He is, by all accounts, brilliant; a dashing, urbane go-getter who exudes charm. A sharp intellectual. A prodigy. He is even a prize-winning classical pianist. The guy’s a winner… Nicknamed “the Mozart of Finance,” Macron spent short but extremely lucrative years as an investment banker at Rothschild Group. His key role in shepherding Nestlé’s $12-billion purchase of Pfizer’s infant-nutrition unit is said to have set Macron up financially for years to come.… ”

Key role? Let me laugh. One of the main reason for acquisitions right and left is so-called inversion, in other words, tax evasion. Sharp wits? No doubt it’s smart to be a crook, when being a creep puts the world at one’s feet.

This all begs the question: how extensive is corruption in the democracies? When all the leaders are bankrolled so extensively by the most powerful, most perverse financial system ever created, is it surprising that the leaders’ decisions favor private banking?

And how come that banks, those daily beasts, have acquired that much power?

Lest Americans congratulate themselves about such things not happening in the USA, let them know that what is going on in the USA is even worse. In the USA many of the tax avoidance schemes which are unlawful in France, are perfectly legal.

In all and any cases, the conclusion is the same: the definition of plutocrats is that they do not pay taxes.

This is exactly what happened with the French Ancient Regime aristocracy. Now top public servants (that is top politicians) are on the take from said plutocrats.

Even the educational system has been thoroughly tweaked: no instruction is ever given revealing the role bankers and plutocrats (most of them US plutocrats) played in the rise, one should even say the creation of Nazism and even World War One.

What remedy is there now? Why not try democracy? Real democracy, not the representative oligarchy we have, which insults us by calling itself democracy.

Direct democracy works in Switzerland (where banks have been reined in better than anywhere else, contrarily to repute). It could be tried in other countries. It is too bad that a call to direct democracy has not been made the main axis of the Scottish Independence referendum.

But it is not too late for more local entities to shake the slavery to extreme finance.

A last hilarious note about Macron. When “Macron” was named finance dictator of France, I could not believe it. Macro, in French “Macron”, was one of Tiberius sidekicks. Macron, a Roman prodigy similar to the French Macron, organized emperor Tiberius’ passing, and nominated Caligula. According to Tacitus and Suetonius, Tiberius was in no hurry to depart this world, and Macron, in the end, smothered the old Princeps below blankets and pillows.

But do not expect any of the French intelligentsia to react to this amusing historical connection: France used to be a place of high esprit and culture, but now it’s fading fast (with the USA) in the PISA OCDE classification of 65 countries. (Latest results: PISA 2012.)

In both the case of France and the USA, it was found that the elites themselves (the top fifth) are sinking fast in their ability to hold a rational discourse in math, science and reading. The differences are not small: Chinese students were found to be three years ahead of their somewhat lamentable Franco-American colleagues.

Moral, and then mental degeneracy has proven a strong force, throughout history. The Greco-Roman empire went down that way. So did the Jin and Song dynasties, let alone the Baghdad Caliphate.

So long live the prodigiously immoral Macron, fit for a brainless age, Caligula should be around the corner.

Patrice Ayme’

Pluto’s Dictators & Their Enablers

February 3, 2014

Plutocracy is bad, but it can be bent. Even some plutocrats develop hearts and minds. An example is the Warner Brothers (who were of Polish-Jewish origin). Their anti-Nazi campaign, started as early as 1933, and, no doubt, helped, for the best.

Sadly, Warner Brothers’ under order from Washington, would produce “Mission to Moscow”, which depicted Stalin the monster as a benevolent uncle. Stalin had invaded Poland, with his friend and ally Hitler, and proceeded to help massacre 15% of the population.

Never, ever, will we forget, or forgive, what happened. Thankfully German TV mentions Nazi horrors several times a day. (In the next part of its enlightenment, Germany may want to explain 1933 with the messianic fascist dictatorship it lived under 1918). This is how to terminate Plutocrats, when they go too far:

French Air Force Terminating Qaddafi’s Henchmen, 11/7/2011, Sirte, Libya.

French Air Force Terminating Qaddafi’s Henchmen, 11/7/2011, Sirte, Libya.

The Nazis ordered the arrest of 22,000 Jews in Paris during the Raffle du Velodrome d’Hiver (July 16, 1942). Because of help from the population only 13,000 were killed.

However, 4050 children were deported, and after months of torture, executed. Some of these children, while in detention, wrote heart breaking letters. Factual letters, full of dignity, asking for help, and the most basic decency. They did not get it. All they got was French adults horrified by the tortures the children were submitted to. Those adults narrated what they had seen, and it no doubt helped in the Nazi rout, two years later.

Reading from a ten year old girl, Marie, asking her papa, gently, to send a picture of him, and her mom, because she did not see them for so long, and wanted to be with them. Unbeknownst to all, the Nazis had already assassinated her mom in Auschwitz. How, why, so much evil?

Some will say, it cannot happen today. Sorry, it does. Maybe not quantitatively, but qualitatively.

Just have a good, cold look at what Bush and Obama have been doing. (Hitler was very good at claiming he had nothing to do with it, whatever it was; Adolf was all for peace, and excellent for posing as a victim: naive idiots, all over, still repeat word for word what Hitler was saying about the Versailles Treaty, and nearly cry.)

When Obama proclaims himself judge and executioner of civilians by drone, worldwide, and add that “ordinary people” are safe from the secret services, that’s the same inhumanity that he is projecting. OK, it’s less industrial. Less industrial at this point, but more obvious.

No wonder Obama’s popularity is low, in spite of the booming economy (in his stupidity, he does not know why he is getting so unpopular, because he does not understand he crossed a moral Rubicon, for all to see. And all have seen, precisely. Something wrong with a giver of lessons that acts in the exact opposite manner.

If we want to avoid the return of horrors such as Nazism or Stalinism. We have to be vigilant, and have tolerance zero for leaders showing patterns of abuse, against anybody whosoever.

The USA, at governmental level has, not just cooperated with infamy, but even organized it: see the complicated four way war set-up by Reagan, ordering Saddam Hussein to attack Iran, while selling to Iran weapons paying for Contra weapons transferred to Nicaragua, thanks to the airport of the governor of Arkansas (skirt chaser Bill Clinton).

A more recent example was the three way deal between Tony Liar Blair, George W. Bush, and Libyan dictator and torturer, Muammar Qaddafi. (The deal left France mostly out, and that proved a mistake, at least for Qaddafi.)

Anyway, the Oblabla administration is trying to make as if it wanted to clean house a bit. Here is the Wall Street Journal, February 3, 2014:

Probe Widens Into Dealings Between Finance Firms, Libya

Justice Department Joins Probe on Possible Violation of Antibribery Laws by Banks, Funds

The Justice Department has joined a widening investigation of banks, private-equity firms and hedge funds that may have violated antibribery laws in their dealings with Libya’s government-run investment fund, people familiar with the matter said. 

The criminal investigation, which has intensified in recent months, is proceeding alongside a civil probe by the Securities and Exchange Commission that began in 2011 and initially homed in on Goldman Sachs Group Inc. GS -2.62%  The Justice Department’s involvement hasn’t been reported previously. 

In addition to Goldman Sachs, federal investigators are examining Credit Suisse Group , J.P. Morgan Chase, Société Générale, private-equity firm Blackstone Group and hedge-fund operator Och-Ziff Capital Management Group these people said…

Authorities are examining investment deals made around the time of the financial crisis and afterward, these people said. In the years leading up to Libya’s 2011 revolution, Western firms—encouraged by the U.S. government—raced to attract investment money from the North African nation, which was benefiting from oil sales and recently had opened to foreign investment.

Investigators are trying to determine whether the firms violated the Foreign Corrupt Practices Act…The 1977 law prohibits U.S. companies and companies listed on U.S. stock exchanges from paying bribes to foreign officials. U.S. authorities consider employees of state-owned investment funds, such as the Libyan Investment Authority, to be foreign officials.”

Qaddafi ran one of the world’s worst regimes. I am happy to have, hopefully, contributed to his demise, by being the first philosopher to call for the dictatorship’s demise.

(Present troubles in Libya are pretty much part of the on-going liberations struggles, some from populations with their own 3,000 year old civilization, which have been oppressed for at least 13 centuries).

Next, of course, should be the butcher of Syria and the dictator of Ukraine. The former ought to be executed, as a matter of principle. Same overriding principle as with Hitler, and the like (too bad Stalin died in his bed; if he had not, maybe Putin would be more careful, and, thus, considerate!)

Notice that the definition of corruption according to today’s Washington, is very narrow: paying “bribes”, whatever that means. When Bill Clinton goes to Nigeria, one of the world’s most corrupt and poorest nations, and he is paid $100,000 for one hour of blah blah blah, is that a bribe? According to Washington, no. According to me, yes.

A bigger example? In 1933 FDR cracked down on Wall Street. Wall Street had provoked the 1929 crisis by speculating in finance instead of investing in the real economy, as its fiduciary duty should have been. In 2008-2009, though, Bush & Obama, instead of cracking down on Wall Street in a similar crisis, crawled down under Wall Street’s jackboot. Same crisis, opposed solution. The first moral, the second as plutocratic, thus immoral, as can be. No wonder We The People is starting to see through Mr. Obama mellifluous homilies.

In other news, New York City has authorized the construction of 15 square meters apartments. That’s a bit less than ten feet by 17 feet. We The People is not just treated like sardines, it will now live as sardines do, inside the cans.

Patrice Aymé