Posts Tagged ‘Yellen’

Hedge Funds And Financial Bandits Financed Biden: The List

January 31, 2021

BEST PRESIDENT THUGS’ MONEY WANTED TO BUY. Read All About The High Finance Thugs Below!

Janet Yellen received $810,000 in speaking fees in 2019 and 2020 from Citadel, the hedge fund wrapped up in the Gamestop saga. Citadel has spent $240k per year lobbying Congress and the Treasury Department. The Gamestop story has thrown a light on one of the many ways in which the elite colludes. 

The collusion between immense financial wealth and politics is not new. President Jackson, a duellist with unextracted bullets in his body, the greatest general of his time, massive invader of a giant swath of what became the present USA, ethnic cleanser of civilized Native Americans on an epic scale, defeater of the British, declared on his deathbed that he was most proud of having kept the USA safe from European bankers. 

Well, they finally arrived through the backdoor… For example by secretly financing some American banks. This helped bring World War One, but was not really noticed. Next came the crash of 1929-1930, which ushered the Great Depression. The bankers had pulled the strings during the boom… but the politicians took the erroneous decisions, mostly by rising tariffs too brutally and letting everything collapse… In any case, bankers hated President Roosevelt, and he “welcomed their hatred” as he put it… FDR signed the Banking Act of 1933, repressing the financial plutocracy by separating speculative banking (investing in the financial markets), and industrial banking (investing in the real economy). However, under the reign of king Clinton I, the Banking Act of 1933 was greatly dismantled. The consequences were the collapse of an elite hedge fund, LCTM, which threatened the entire financial system. The Fed intervened, saving the system. The work of Clinton I came to light again in 2008, with a somewhat similar crash. This time the Fed , and kings Bush II and Obama I intervened and saved the wealthy, with taxpayer money, to the great applause of the ignorant Commons.      

President Joe Biden’s electoral campaign raised a known total of more than $1.6 billion that we know of so far, according to OpenSecrets (January 2021). This amount includes donations to his official campaign committee and outside groups like single-candidate super Political Action Committees and hybrid PACs. Many of those contributing to Biden belong to the Financial Plutocracy, the core of the Global Deep Plutocracy (the sort that already existed in the Sixteenth Century, when Francois I and Charles Quint, fighting each other, were financed by bankers… And the sort which financed the war against the French Republic in the Eighteenth Century, and their descendants which never seemed to have seen since something nefarious enough not to finance…)

During the Gamestop scandal, some financial institutions blocked trading to buy shares, advantaging massive hedge funds which were short. When Internet critters spoke about it, Big Tech shut down their babbling… Because it is nefarious to the elite, by suggesting that the elite conspires, which, obviously it does on a planetary, global scale. Not much of that Internet censorship differs in essence upon what is done in the Chinese dictatorship. The only difference is that in China, it’s the government which represses, whereas in the “West”, it’s the bandits themselves, without any pretense at governance, as they claim to be driven by greed… Whereas the Chinese Communist Party claims to be driven by its desire to make We the People thrive (and can justify this to a great extent!)

Where Is Big Money Funneled?

Large donations in U.S. presidential elections are directed toward super PACs (super Political Action Committees), or hybrid PACs because of the $5,600 limit on how much an individual can give to a candidate’s official campaign committee per election.

Priorities USA Action, a liberal, hybrid PAC in its fifth election cycle, has received the most money of any pro-Biden, single-candidate organization. Millions of dollars have come into the PAC from the affiliated Priorities USA nonprofit, but since it doesn’t disclose donors, it is a “dark money” group: we can’t be certain who contributed to it. Biden supporters may also give to joint fundraising committees set up for the presidential campaign and the Democratic National Committee like the Biden Victory Fund and Biden Action Fund.

Top Industries

The biggest industries represented among Biden donors are (thuggish) Finance, Securities & Investment, and Internet plotters, known as “Big Tech”.

The following were the top donors to the Biden 2020 election cycle, according to processed Federal Election Commission data.

1. Donald Sussman, Paloma Partners – $9 Million

The founder and chief investment officer of hedge fund Paloma Partners, Sussman has been a long time major donor to Democrat candidates. He gave to the Priorities USA Action and Pacronym political action committees. What is the problem with hedge funds? First only the hyper wealthy have access to them. OK, next donor, and here comes evil so deep, most people are never heard about it, as they pursue their enslaved low lives:

2. James Simons, Euclidean Capital – $7 Million

Jim Simons, a mathematician of definite renown (“Chern-Simons differential form”), co-founded the legendary, but all too real, hedge funds of Renaissance Technologies. Renaissance was founded in the 1980s by Simons and other mathematicians (who crucially contributed mathematical trickery). Simon, an award-winning mathematician and former Department of Defense code breaker, is known as the “Quant King“. 

The idea is actually extremely primitive: it consists in stealing people before they know it. As the idea is rather embarrassingly simple, pigeons do this everyday to each other, it is hidden below a mathematical mumbo-jumbo to make the naive and easily dazzled, believe in wizzardy. All what Simons and his henchmen do is to process massive trades a tiny bit faster than everybody else, while leading the market where they want it to go (by using their size and an arsenal of tricks). 

This sort of trading is thoroughly unethical that it should be unlawful, because it is a sure way to transfer more wealth to the wealthier, by giving a systematic trading advantage to the wealthiest. From there to systemic racism, there is a distinction without any difference. Thus, Simons is a revered figure, especially among mathematicians (he gives them crumbs, founding an institute… where I was hosted, sort of). Simons gave to the Priorities USA Action and Unite the Country political action committees.

3. Deborah Simon, Retired – $6.1 Million

Her father was the late Melvin Simon, the co-founder of America’s largest mall operator, Simon Property Group. This self-declared friend of man, “philanthropist”, gave to the American Bridge 21st Century and Unite the Country political action committees. Her sister Cynthia also donated $1.75 million.

4. George Marcus, Marcus & Millichap Co. – $4 Million

The billionaire real estate magnate is the founder of Marcus & Millichap Company and chairman of Essex Property Trust. Last year he co-hosted a fundraising event for Biden, and he has contributed money to the Priorities USA Action, Unite the Country and American Bridge 21st Century political action committees.

PPP On September 23, 1998, the chiefs of some of the largest investment firms of Wall Street—Bankers Trust, Bear Stearns, Chase Manhattan, Goldman Sachs, J.P. Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley Dean Witter, and Salomon Smith Barney—met on the 10th floor conference room of the Federal Reserve Bank of New York 

5. Michael Moritz, Sequoia Capital – $3.5 Million

The Welsh native is a partner at venture capital firm Sequoia Capital. He’s also an author and former tech journalist. The venture capital firms and Silicon Valley in general have been operating in concert with the US Deep State. They too use tricks which should be illegal (founding startups which are bound to get sure contracts with Big Tech down the street, in exchange for what are basically kickbacks…)

It is better than the anti-innovation attitude of the Roman imperial state… But not that much better. After all, Louis XIV financed the famous physicist Huyghens… And this sort of pseudo-intellectual pseudo-goodism may have persuaded Louis he was a good person, enabling him to engage in repression against Protestants, which brought tremendous wars which were catastrophic for civilization and Europe in general and France in particular. Moritz gave to the Pacronym and American Bridge 21st Century political action committees.

6. Kenneth Duda, Arista Networks – $3 Million

Duda is the co-founder, chief technology officer and senior vice president (software engineering) at cloud networking solutions provider Arista. He gave to the Pacronym and American Bridge 21st Century political action committees.

7. Seth Klarman, The Baupost Group – $3 Million

Billionaire investor Seth Klarman is a longtime independent and has given to the Republican Party in the past. “I’ve seen meaningful numbers of people put aside what would appear to be their short-term economic interest because they value being citizens in a democracy,” he grandly told The New York Times in August. He gave to the Pacronym, Priorities USA Action and Unite the Country political action committees.

8.Reid Hoffman, Greylock Partners – $2.5 million

Hoffman is the co-founder and former executive chairman of LinkedIn. The billionaire tech investor is currently a partner at a venture capital firm. He backed Alloy, a data exchange platform for the Democratic party which will begin to wind down its operations next year. He gave to the American Bridge 21st Century and Unite the Country political action committees.

9.Stephen Mandel, Lone Pine Capital – $2.5 million

Mandel founded hedge fund Lone Pine, which has an excellent long-term track record. He was among the top 10 highest paid hedge fund managers in 2019, with an income close to $1 billion. He gave to the American Bridge 21st Century political action committee.

10. Phillip Ragon, Intersystems Corporation – $2.5 Million

Also known as “Terry,”Ragon is the founder and CEO of private healthcare software company Intersystems. He and his wife, Susan, have signed The Giving Pledge, a trick to persuade the Commons that the plutocracy will redistribute all its money to them: so no need to tax plutocrats, aka “philanthropists”. Ragon gave to the American Bridge 21st Century political action committee.

Other Biden Loving Plutocrats:

Renaissance Technologies director Henry Laufer and his wife, Marsha, together contributed $4 million to back Biden. Stewart Bainum Jr., the chairman of Choice Hotels International, gave $2 million to the Unite the Country political action committee.

Big donors from the media industry include director Steven Spielberg and his wife, Kate Capshaw, who together gave $2.5 million. Jeffrey Skoll, the first president of eBay and founder and chairman of Participant, which has produced more than 100 feature and documentary films, gave $2 million. Family Guy creator Seth Macfarlane donated $700,000 and media mogul Jeffrey Katzenberg gave $200,000. Kathryn Murdoch and James Murdoch, son of News Corporation executive chairman Rupert Murdoch, together contributed $1.6 million. That’s called hedging, in case you wonder. The demolition of Donald Trump by Fox News’ “moderator” Chris Wallace in the first presidential debate looks less of a coincidence in this light….

Is Biden hopeless for progress? Not necessarily. As he put it long ago:

Politics is a damn expensive business. I had one hell of a time trying to raise money as a candidate. I had to put a second mortgage on our house to get that campaign started, and I ended up spending over $300,000 to get elected. I believe that public financing of federal election campaigns is the only thing that will insure good candidates and save the two-party system. It is the most degrading thing in the world to go out with your hat in your hand and beg for money, but that’s what you have to do if you haven’t got your own resources.

Well, it’s not just about little Biden getting humiliated. This is about the planet. When vicious thieves become the wealthiest, most influential persons in the world, we get a world founded on vice and thievery. No way to ensure the survival of civilization, being guided by the most despicable. This is a lesson to meditate worldwide, including with the Russian and Chinese dictators.

These bandits did not steal pizza slices. They stole the future.

Patrice Ayme

Obama Was Indecent, Yellen Was Decent: Good Appointment, Joe!

November 24, 2020

Incoming Treasury Secretary Yellen Is Decent

TARP was Obama’s province, not Yellen. Yellen, Biden’s incoming Treas. Sec, long time economy prof at UC Berkeley, one of my alma mater, is decent. Obama’s policy of saving “banks” was indecent, and propelled inequality to heavens. And Obama still doesn’t get it, he is all proud to have saved the “banks”. Even Reagan & Bush didn’t do what Obama did. THEY nationalized THOUSANDS of banks. Obama nationalized NONE. https://patriceayme.wordpress.com/2009/01/25/tarp-transfer-of-assets-to-rich-people/

GINI measures in one number inequality in a society. Clearly it augmented under Obama, and as a consequence of Obama’s policies. Obama thinks he saved the banks, and talks like it. Actually he saved the rich from their own speculation (rendered possible by Clinton’s destruction of the Banking Act Of 1933. In other words, fake democrats all of them… But Yellen is much more the real thing, a real democrat, at least, when she writes and talks… Whereas Obama, to this day, understands nothing in this subject (and that’s why he kept getting 400K for every single speech he makes to the wealthiest… Good boy Obama…

From my TARP essay, which is nearly 12 years old:

Both US propaganda and way of life were fabricated by the plutocracy to serve itself better.  Those, and various plutocratic plots, need to be dismantled, starting with TARP, which is therein revealed in its full glory as the acronym for “Transferring Assets to Rich People“.

Furtherance of TARP is furtherance of the plutocratic plot that ruined the world, to enrich, and empower the fewOnce the political “leaders” exit power, having used it to serve the wealthiest, they get rewarded accordingly. Now the People have started to rebel by refusing to pay mortgage (which is French for waging one’s life on it, an obviously deplorable concept). Real change can only come through massive nationalization of the financial system, and declaring most of the derivatives’ markets null and void.

***

TRANSFERRING ASSETS TO THE RICH PLOT:

The economic crisis is rolling on, fostered by, and increasing inequality. It was fundamentally caused by the PLUTOCRATIC PHENOMENOM. Just as in the Late Roman empire, the Rich became so powerful, they invented and legislated for themselves ways to increase their wealth faster than the wealth of the nation(s). Not just by tax avoidance schemes [among others, the 15% maximum tax rate money manipulators pay], or exporting jobs overseas, but also by harnessing loans from (ultimately) central banks for speculation (something Clinton’s dismantlement of the Banking Act of 1933 enabled).

Patrice Ayme


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Patterns of Meaning

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in truth, only atoms and the void

West Hunter

Omnes vulnerant, ultima necat

GrrrGraphics on WordPress

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Skulls in the Stars

The intersection of physics, optics, history and pulp fiction

Footnotes to Plato

because all (Western) philosophy consists of a series of footnotes to Plato

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Learning from Dogs

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SoundEagle 🦅ೋღஜஇ

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Artificial Turf At French Bilingual School Berkeley

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Patterns of Meaning

Exploring the patterns of meaning that shape our world

Sean Carroll

in truth, only atoms and the void

West Hunter

Omnes vulnerant, ultima necat

GrrrGraphics on WordPress

www.grrrgraphics.com

Skulls in the Stars

The intersection of physics, optics, history and pulp fiction

Footnotes to Plato

because all (Western) philosophy consists of a series of footnotes to Plato

Patrice Ayme's Thoughts

Striving For The Best Thinking Possible. Morality Needs Intelligence As Will Needs Mind. Intelligence Is Humanism.

Learning from Dogs

Dogs are animals of integrity. We have much to learn from them.

ianmillerblog

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Defense Issues

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How to Be a Stoic

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Writer, Editor, Berliner

coelsblog

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