jron:
New story about to hit newsstands, via Politicalgates
So this is what they’ve been trying to pre-spin…
W-O-W.
Yeah. Does this mean we can now say the Tea Party movement is financed by Iran?
I feel like doing a little dance.
From Real Coastal Warriors:
Over 700 hundred Continental and United pilots, joined by additional pilots from other Air Line Pilots Association (ALPA) carriers, demonstrate in front of Wall Street on Tuesday
Solidarity forever, my friends! The Occupy Wall Street movement is growing and it’s a beautiful thing. Love the signs - how much is a pilot worth? A hell of a lot more than a Goldman Sachs executive if you ask me. So far, no one has asked me, much less them.
Maybe they should.
Welcome to the movement, captains.
-Joe
By now, many of you have seen yesterday’s BBC interview with investment trader Alessio Rastani. While many who watched were shocked by what Rastani had to say, within minutes Twitter was flooded with users speculating that the entire interview was a hoax. While the group he’s allegedly a member of, the Yes Men, have denied any connection to Rastani, his statements opened a new discussion about the motivations of investment traders today.
While it would be unfair to say that every trader goes to bed at night, dreaming of a recession, it is absolutely true that there are traders out there who do.
I know they exist, because I know their names.
What struck me is that we have basically signed over the keys to the economy to people who have vested interests that are in conflict with our needs, of needs the economy as a whole — never mind the world and the environment.
‘I Go To Bed Every Night And I Dream Of Another Recession’ - ThinkProgress
While European government and financial leaders are scrambling to prevent a financial crisis in the Eurozone that would likely throw the global economy into even more turmoil, stock trader Alessio Rastani took to BBC today to tell the world that traders were looking forwardto the possibility of a second big recession. “For most traders, it’s not about – we don’t really care that much how they’re going to fix the economy, how they’re going to fix the whole situation,” he said. “Our job is to make money from it.” Rastani, who also claimed “Goldman Sachs rules the world,” said, “Personally, I’ve been dreaming of this moment for three years…I go to bed every night and I dream of another recession. When the market crashes… if you know what to do, if you have the right plan set up, you can make a lot of money from this.”
Wall Street bankers like Rastani, meanwhile, are large donors to the GOP’s presidential frontrunners, who want to repeal the Dodd-Frank financial reform law that was aimed at preventing another financial crisis like the one that wrecked the American economy in 2008.
And when we take advice from, or elect people with a vested interest in collapse the whole world is in trouble.
(Source: youtube.com)
MICHAEL MOORE speaks about the OCCUPYWALLSTREET movement, and the dangers of CORPORATE CONTROL as well as his thoughts on Troy Davis and the DEATH PENALTY.
One of the main tenets of capitalism is that it allegedly creates competition, giving consumers higher quality and lower costs. But when competition drops from 37 national banks to 4, that “consumer wins out in the end” theory goes right out the window.
But don’t even think of regulating the banks!
Get #OCCUPYWALLSTREET news out there, and be there on September 17th. Take out nation back.
(Source: occupywallstreet)
This concern with the deficit is absurd on its face (if the markets were panicked about the deficit, the U.S. government would not be able to issue long-term debt at less than 3.0 percent interest), but it has the backing of powerful forces. Wall Street investment banker Peter Peterson is doing a full-court press, paying any budget analyst he can find to say how terrible the deficit problem is. The Washington Post and National Public Radio are also doing the full-court press, abandoning any pretext of objectivity as they highlight all the deficit news all the time – using a healthy dose of Peterson-funded experts to make the case.
The real goal of this hysteria is the dismantling, or at least scaling back, of the core social programs that working people depend upon: Social Security, Medicare and Medicaid. It is important to realize that this is not a traditional left-right battle. Polls consistently show that people across the political spectrum overwhelmingly support these programs and do not want to see them cut. Even the vast majority of Tea Party Republicans support these programs [CNN poll].
Rather than being a left-right split, this is a top-bottom split. There is a bipartisan consensus among the elites that these programs should be cut. The guiding philosophy of this drive is that public money that goes to programs for middle-income and poor people is money that could be in the pockets of the wealthy. For this reason, Social Security, Medicare and Medicaid are an offense to their sensibilities. They are programs that help ordinary working people, not the rich, therefore these programs conflict directly with their philosophy of government.
The remarkable part of this story is that elites are effectively using their incompetence in managing the economy as the core of their argument for cutting these social programs. After all, no one was talking about cutting these programs until the deficit exploded and the reason the deficit exploded was that the collapse of the housing bubble wrecked the economy.
If these elites had a clue about the economy, they never would have allowed the bubble to grow to such dangerous levels. The economy would not have collapsed, the deficit would be manageable and no one would be discussing cuts to Social Security and the other programs.
