Writing on Jewish involvement in the ongoing financial disaster is not something I relish. It’s not really my cup of tea because financial issues are not my area of expertise. But I do think the issues should be discussed at TOO.
When the meltdown began, the Internet was full of angry comments blaming Jews, much to the chagrin of the ADL. This is because it is common knowledge that Jews are vastly overrepresented among Wall Street executives. In the 1990s, Benjamin Ginsberg noted that 50% of Wall Street executives were Jewish, and it’s doubtless at least that high now.
As Kevin Phillips has pointed out, since the 1990s, economic expansions have not benefited the middle class; rather, they have benefited the financial elite. Financial services and complex financial products have assumed an ever larger percentage of the American economy, while manufacturing has steadily declined to the point where their relative percentages of the American economy have reversed.
And the entire pyramid is erected on a house of cards. Phillips writes:
My summation is that American financial capitalism, at a pivotal period in the nation’s history, cavalierly ventured a multiple gamble: first, financializing a hitherto more diversified U.S. economy; second, using massive quantities of debt and leverage to do so; third, following up a stock market bubble with an even larger housing and mortgage credit bubble; fourth, roughly quadrupling U.S. credit-market debt between 1987 and 2007, a scale of excess that historically unwinds; and fifth, consummating these events with a mixed fireworks of dishonesty, incompetence and quantitative negligence.
In the public mind, the firm most closely associated with Jewish financial power is Goldman Sachs. Ever since the financial meltdown, GS has been defending itself (e.g., here) against an avalanche of charges focused not only on financial improprieties but also on its ties to the government (e.g., Matt Taibbi and a series of articles in the New York Times, e.g., here.)
A document placed into the Congressional Record by Rep. Darryl Issa (R-CA), described in an article on Bloomberg.com strongly suggests corruption at the pinnacle of the financial profession. GS underwrote $17.2 billion of the $62.1 billion in the Collateralized Debt Obligations (CDO’s) that were insured by AIG — more than any other firm. Essentially, banks underwrote toxic securities and then bet against them. An observer notes, “It sounds to me a little bit like selling a car with faulty brakes and then buying an insurance policy on the buyer of those cars.”
Even worse, according to the article, they knew the car had faulty brakes. Managers of the CDO’s were substituting bundles of mortgages that they knew full well were deeply troubled. Unethical behavior is strongly implicated. An observer notes that the banks should have to explain how they managed to buy protection from AIG primarily on securities that fell so sharply in value. “If these banks had insight into the underlying loans because they had relationships with banks, originators or servicers, that’s at the least unethical.”
GS received $14 billion from the government when AIG was bailed out; the New York Times also reportedthat GS also received substantially more money from the AIG bailout as a result of a prior agreement with Societe Generale, a French bank that also received AIG bailout money from the US government. Finally, the New York Fed promoted a cover-up that prevented this information from coming out sooner.
The article makes clear that there are still many details that remain unknown about these transactions.
David Brooks noted in the NYTimes,
Fifty years ago, the financial world was dominated by well-connected blue bloods who drank at lunch and played golf in the afternoons. Now financial firms recruit from the cream of the Ivy League. In 2007, 47 percent of Harvard grads went into finance or consulting. Yet would we say that banks are performing more ably than they were a half-century ago?
Quite clearly they are not. The rise of a Jewish elite in the US is problematic for a great many reasons — most obviously because the Jewish elite remains motivated by ethnic paranoia and hostility toward Western cultural traditions, particularly Christianity. However, the behavior of the financial elite in the case of the recent meltdown is not something one would expect to see in a healthy society. Quite a few of the details remain unknown, so that it is difficult to get a clear image of how individual Jews and Jewish networking contributed to the meltdown. (By all accounts [e.g., here], Robert Rubin, Larry Summers, and Alan Greenspan were instrumental in getting rid of regulations on trading derivatives that would have prevented the meltdown.) The indications that Goldman Sachs was at the center of the meltdown strongly suggests that the Jewish role was important. GS has not commented on Issa’s document or the Bloomberg article.
Nevertheless, at this point there is a strong suggestion that the financial elite behaved much more like an organized crime syndicate than as an elite with a sense of civic responsibility or commitment to the long term viability of the society. Whereas organized crime stems from the lower levels of society, this meltdown was accomplished at the very pinnacle of society — the Ivy League grads mentioned by Brooks, the wealthy financial firms and investment rating agencies, the strong connections with government that facilitated the bailout and failed to provide scrutiny while it was happening. It seems highly doubtful that all this would have happened with the former elite — the people whom Brooks disdainfully describes as “well-connected blue bloods who drank at lunch and played golf in the afternoons.”
Phillips concludes with a quotation from British colonial secretary, Joseph Chamberlain, made in 1904 to a gathering of his country’s financiers:
Granted that you are the clearinghouse of the world, [but] are you entirely beyond anxiety as to the permanence of your great position? . . . Banking is not the creator of our prosperity but is the creation of it. It is not the cause of our wealth, but it is the consequence of our wealth.
That is the problem going ahead. The US has sacrificed wealth-production in favor of finance, and this has doubtless resulted in huge financial rewards to a few people at the very top. But it’s really hard to see how most of us are going to benefit from this transformation in the long run. A society without a healthy, civic-minded elite is doomed.
Facing the Future as a Minority
Thanks for writing this, very informative and I was curious what your take on the situation was.
I would also add that many people are doing so badly economically in the United States because it is largely a free market meritocracy even with affirmative action. Unfortunately, although the meritocracy does reward intelligence and virtuous trait of conscientiousness, it still does not produce good consequences for most people since it does not reward innovation over finance and it has eroded any sense of community for the values of globalist cosmopolitan individualism.
I also seriously doubt that white nationalism within the US can achieve the solidarity it needs to be a serious political movement because of the meritocratic aspect of society. Many people who are highly intelligent have succeeded in the meritocracy and are not working in humiliating low-prestige service jobs. Having succeeded through their innate ability and conscientiousness, these people have a sense of autonomy and feel they can easily handle the liabilities of personal responsibility. Those who are not cognitively gifted, however, do not have their interests served with the meritocratic free market although they might not be aware of that due their cognitive limitations leading them to rail against the demons of “socialism” and “big government”. Since they are incapable of handling responsibility due to their lack of intelligence and conscientiousness, their interests are best served through the welfare state where they can pass on some of their responsibilities to the benevolent state anthropomorphized as a loving mother. In other words, it is best to treat these people like children protecting them from adversity and harms as they are simply incapable to handle the responsibilities of adulthood in a free market. The prerequisite for this type of welfare state are civic-minded talented bureaucrats such as administrators and policy wonks acting as agents in the best interest of their principals, but the ideology of diversity and globalism seems to undermine that.
Because of the values divergence (one embracing the free market meritocracy and one seeking parental assistance), I doubt a uniform ideology of white nationalism that can appeal to the elite and poor whites is possible.
The diversity dream is getting out of hand for some:
http://www.jpost.com/Opinion/Columnists/Article.aspx?id=169478
Naturally, I think European rightists should support the right and will for Israel to be a Jewish state. Cultural-Marxism needs to be fought internationally. But, now and then, I due suffer from brief spells of schadenfroh.
I found this in the LA Times article:
Is this correct? I know manufacturing employment has fallen, but what about manufacturing as a percentage of GDP. I thought that was stable despite the employment drop.
See the charts here:
http://the-american-catholic.com/2009/02/17/inequality-and-the-new-aristocracy/
http://mpettis.com/2009/12/the-pace-of-change/
The Jews are evolved for parasitism, all their other culture subverting activities are a mechanism to facilitate their parasitism. Just why do you think major Jewish organizations talk openly about the coming decline of the West and the need for Jews to forge connections with East Asia and India? We are nothing to them, so much human trash to be consumed and thrown away at the side of the road. They know full well what they are doing, they just don’t give a damn – a race of sociopaths. Any accommodation with them is impossible! Do you honestly think we can continue on in this way with Jews running our societies? If not, then the logical conclusion of that mode of thinking is to strip them of their positions of power and assets. To do less is to leave a loaded gun in the hands of a maniac.
Anyways,
I think Kevin’s point here is important for a couple of reasons:
“the Jewish elite remains motivated by ethnic paranoia and hostility toward Western cultural traditions, particularly Christianity.”
First, Christianity, in addition to traditional anglo-European norms, regulated the social behavior of this society. The since the regulation was normative, it allowed for political and economic freedom. With those gone, we get what we are getting. There is no free lunch in societies.
Second, Many Jews have an instinctive hostility to an organic sense of society. Since functional societies have an organic sense, and since in these societies the Elite have to act as social archetypes and embody this sense, it’s difficult to see a functional Jewish elite.
Of course, Neocons try to push an adjusted JudeoChristianity to prevent outright socialism (and, of course, more non-European immigration to offset their worried consciences), but again, it’s hard to see them as archetypal Americans, instead of anti-Americans, in the model of the now popular Anti-Heroes.
Right. Half these bastards responsible for the financial disaster are Jews. But, even worse is that ALL of these bastards are well educated, most being graduates of America’s best universities, graduate & professional schools. They can’t plead ignorance—they knew damn well what they were doing.
CapChaos said
“The Jews are evolved for parasitism…”
These types of comments don’t help with the respectability of this or any European-right site.
“These types of comments don’t help with the respectability of this or any European-right site.”
In case you haven’t noticed, Lesacre, ‘racism’ and ‘anti-Semitism’ are also not ‘respectable’. “Respectability” is the cheap hypocrisy of those that would rather turn their backs on their dying people, whilst reaping the rewards of living amongst them. Half-measures will yield naught but our total racial destruction. Either one is loyal unto death or one is not, to hell with “respectability.”
Alan Greenspan made a casual comment that was overlooked by most of the media – when asked if Americans were better off – most americans, – he cadidly said no… but there was a bright side…the world was more equal as a result of his policies. I wonder who or what gave Alan Greenspan, or any united states official (or semi private one, in his case) the ‘right’ to use US law to redistribute the wealth of America to foreign countries.
As for wrecking america’s economy – they make money coming and going, many of these finanical house make money brokering or underwriting deals to sell off bankrupt american policies.
one more thing – all the while, the Wall Street Journal and Wall street were claiming this was the ‘free market’ – American industry was failing because it couldn’t compete – while they talked a free market, like public school integration -they never intended it for their own -Wall Street was constantly favored by the government the economy was assumed to work around wall street – not main street – so if millions of americans were losing manufacturing jobs – no big deal , that’s competition, if wall street was losing money it was time for the fed to act.
Look how the jewish papers reacted when the big three automakers asked for bailouts – they covered ever detail of their elite lifestyles, etc..
There is obvious underlying ethnic interest here too – trashing American industry is good for jews because it destroys WHITE wealth- and thus knocks out the competition . Despite the the Ford Families bending over backwards for them, I bet many a jew would still want to see Ford motors out of business.
CC:“The Jews are evolved for parasitism…”
“Lesacre:”These types of comments don’t help with the respectability of this or any European-right site.”
Apparently you aren’t familiar with the relevant research; read “The Biological Jew” by Eustace Mullins (RIP) — http://www.archive.org/details/BiologicalJew
Jewish biosociological behavior mimics the behavior of certain parasites found in Nature who ‘brainwash’ their hosts in to committing suicide; see – http://neurophilosophy.wordpress.com/2006/11/20/brainwashed-by-a-parasite/
Who Controls the United States Economy?
Benjamin S. Bernanke(Jew) – Chairman, Board of Governors, Federal Reserve System
Donald L. Kohn(Jew) – Vice Chairman, Board of Governors, Federal Reserve System
Stephen Friedman(Jew) – Chairman, Board of Directors, Federal Reserve Bank of New York
William C. Dudley(White European) – President and Chief Executive Officer, Federal Reserve Bank of New York
Timothy F. Geithner(Jew) – Secretary, United States Department of the Treasury
Neal S. Wolin(Jew) – Deputy Secretary, United States Department of the Treasury
Gary Locke(Chinese) – Secretary, United States Department of Commerce
Robert B. Zoellick(Jew) – President, The World Bank
Dominique Strauss-Kahn(Jew) – Managing Director, International Monetary Fund(IMF)
Lawrence H. Summers(Jew) – Director, National Economic Council
Christina D. Romer(Jew husband: David H. Romer) – Chairman, Council of Economic Advisers
Paul A. Volcker(Jew) – Chairman, Economic Recovery Advisory Board
Ron Bloom(Jew) – Senior Counselor for Manufacturing Policy, President
Steven L. Rattner(Jew) – Director, Presidential Task Force on the Automotive Industry
Neil M. Barofsky(Jew) – Special Inspector General, Troubled Asset Relief Program(TARP)
Kenneth R. Feinberg(Jew) – Special Master for Executive Compensation, U.S. Treasury Department
Jared Bernstein(Jew) – Chief Economist and Economic Policy Adviser, Vice President
Ronald Kirk(Black) – U.S. Trade Representative, Office of the United States Trade Representative
David R. Obey(White European) – Chairman, United States House Committee on Appropriations
Henry A. Waxman(Jew) – Chairman, United States House Committee on Energy and Commerce
Barney Frank(Jew) – Chairman, United States House Committee on Financial Services
Nydia M. Velázquez(Mestizo) – Chairman, United States House Committee on Small Business
Charles B. Rangel(Black) – Chairman, United States House Committee on Ways and Means
Daniel K. Inouye(Japanese) – Chairman, United States Senate Committee on Appropriations
Christopher J. Dodd(White European) – Chairman, United States Senate Committee on Banking, Housing, and Urban Affairs
Max S. Baucus(White European)- Chairman, United States Senate Committee on Finance
Mary L. Landrieu(White European) – Chairman, United States Senate Committee on Small Business and Entrepreneurship
Peter R. Orszag(Jew) – Director, Office of Management and Budget(OMB)
Douglas W. Elmendorf(Jew) – Director, Congressional Budget Office(CBO)
Douglas H. Shulman(Jew) – Commissioner, Internal Revenue Service(IRS)
Jon D. Leibowitz(Jew) – Chairman, Federal Trade Commission(FTC)
John E. Bowman(Jew) – Director, Office of Thrift Supervision(OTS)
Sheila C. Bair(Jew) – Chairman, Federal Deposit Insurance Corporation(FDIC)
John C. Dugan(White European) – Comptroller, Office of the Comptroller of the Currency (OCC)
Karen G. Mills(Jew) – Administrator, Small Business Administration (SBA)
Mary L. Schapiro(Jew) – Chairman, Securities and Exchange Commission(SEC)
Gary G. Gensler(Jew) – Chairman, Commodity Futures Trading Commission(CFTC)
Daniel J. Roth(Jew) – President and Chief Executive Officer, National Futures Association(NFA)
Craig S. Donohue(White European) – Chief Executive Officer, CME Group
Duncan L. Niederauer(Jew) – Chief Executive Officer & Director, NYSE Euronext
Robert Greifeld(Jew) – Chief Executive Officer, NASDAQ OMX Group, Inc.
Lloyd C. Blankfein(Jew) – Chairman and Chief Executive Officer, Goldman Sachs Group, Inc.
John J. Makhoul(Lebanese) – Chairman and Chief Executive Officer, Morgan Stanley
James Dimon(Greek) – Chairman and Chief Executive Officer, JPMorgan Chase
Vikram Pandit(Indian) – Chief Executive Officer, Citigroup
Richard D. Parsons(Black) – Chairman, Citigroup
Kenneth D. Lewis(White European) – President and Chief Executive Officer, Bank of America Corporation
Walter E. Massey(Black) – Chairman, Bank of America Corporation
John G. Stumpf(Jew) – President and Chief Executive Officer, Wells Fargo & Company
Richard M. Kovacevich(White European) – Chairman, Wells Fargo & Company
Jews are approximately 2% of the United States population. The probability that the heads of this many private and governmental organizations would be Jews is infinitesimally small. This extreme numerical over-representation of Jews cannot be explained away as a coincidence or as the result of mere random chance. You must ask yourself how such an incredibly small and extremely unrepresentative minority ethnic group that only represents 2% of the American population could so dominate all of these important and influential private and U.S. Government institutions.
Corruption at the pinnacle of the financial profession? Are you allowed to say that? You even used the loaded word “pyramid.” Enron, Jack Abramoff, LTCM, S&L, RTC … the Federal Reserve.
At some point you’ll have to say it. It’s like Las Vegas, isn’t it? The house always wins.
It only takes a few extra IQ points and some gee-gaw gullibility to set up a Bucket Shop, or say, Bloomberg terminals. The fraud has been semi-open for at least a decade now – naked short selling. When Goldman Sachs had it’s code stolen/leaked last year, they admitted it could be used to “manipulate” the stock market. Now, it’s discussed in every major financial paper that Goldman Sachs is basically front-running trades against their customers – not to mention all the exotic fraud with the derivatives. No one pretends any of this stuff is “legal” any more.
The main problem is that millions of white people actually believe this stuff is somehow a “free market.” It’s hard to admit gullibility, but this is only a few steps above a Nigerian postal scam.
Suckers.
“Banking was conceived in iniquity and born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take away that power, and all the great fortunes like mine will disappear – as they ought to in order to make this a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, then let them continue to create deposits.”
Sir Josiah Stamp (1880-1941), one time governor of the Bank of England, in his Commencement Address at the University of Texas in 1927. Reportedly he was the second wealthiest individual in Britain.
But gentlemen, there is always a silver lining! A big part of the problem with creeping multiculturalism and non-White immigration is that it expands because of “Cornucopianism”, meaning the cornucopia of wealth that the US generates. This allows the state to lavishly support a non-White underclass, and most people do not face the consequences. The destruction of the economy is probably a very, very good thing for Whites in the long term. Many people believe that Whites MUST feel the pain, before they can be awakened. Before this can happen, Whites need to see the ruination first hand, coming face to face with minorities without being able to move away to a Whitopia. Your typical drug addict has to hit rock bottom before he is forced to reform, and I think the same thing applies here.
Without the economic problems, the situation of White dispossession would probably be much worse, because Whites would be permitted to blithely go about their business, with wealth aplenty, without any need to worry about the long-term effects of losing their homeland. The Jewish fraudsters are probably doing a big favor to their host, making it very uncomfortable to live under the suffering caused by our ethnic financial parasites. Of course, in the meantime, the economic problems arent fun for your average American, but better the pain now than complete dispossession of their kind in the future.
There’s also the role of Fischer Black and Myron Scholes, and the field of “financial engineering” they spawned. While most investors understand that investing in common stocks is at best educated guesswork, Wall Street came to believe they had a truly scientific understanding of options pricing and securities with “optionality”–precisely the ones that tanked.
“Jews are approximately 2% of the United States population.”
I think this is another JewScam™ that needs to be investigated. I think they purposely report their population as low to maintain victim status. I spoke with a Russian Jew who said the population of Jews in the USA and the world is much higher than reported. He said, “They are everywhere.”
Andrew said:
February 25, 2010 at 1:21 AM
“The destruction of the economy is probably a very, very good thing for Whites in the long term. Many people believe that Whites MUST feel the pain, before they can be awakened. Before this can happen, Whites need to see the ruination first hand, coming face to face with minorities without being able to move away to a Whitopia.”
Yes, that is very true.
One of the main tactics we should be using right now is the sabotage of the U.S. economy.
Among other things, that means don’t buy anything on credit—take away the banks’ income, the interest they make on borrowed money.
It means starting your own barter fairs in your neighborhoods—try to avoid buying anything new.
Start bartering goods and services in a local barter network—not a barter exchange that you join—just informal direct bartering.
Do buy new cars. Grow and preserve your own food.
There are many other things we can do to bring the economy down. If you have ideas, please post them.
We need exposure on television if we wish to reach the masses. The tea party people, the gooog people, the Ron Paul people, all of these movements we need to attract to the A3P.
This is not a battle between the left and the right. This is a fight between Jewish globalization/Jewish controlled world government and Western Civilization so we need to appeal to both democrats and republicans.
We cannot afford to allow these movements to be taken over by Jews from within which is what they will try to do. We need to take them over for our side.
We need some sort of forum or debate which could be shown on C-Span and get some much needed attention and publicity. The people are searching for something different because they know that Washington DC, our financial institutions and economy, the foreign wars and culture are all destroying us and they wish to find a different way.
We could get a lot of people to join A3P just by talking about the economy without ever having to mention race. So its important for the A3P to seek economists to advise and for the party to have a strong emphasis upon the economy.
An A3P public debate about the economy could get our movement on C-Span which might lead to even more exposure on MSM programs.
Today’s NYTimes has an artilce implicating Goldman in the Greek financial debacle and stating that it’s the same procedures used in the US mortgage meltdown –buying insurance and then burning down the house. Excerpt:
“Echoing the kind of trades that nearly toppled the American International Group, the increasingly popular insurance against the risk of a Greek default is making it harder for Athens to raise the money it needs to pay its bills, according to traders and money managers.
These contracts, known as credit-default swaps, effectively let banks and hedge funds wager on the financial equivalent of a four-alarm fire: a default by a company or, in the case of Greece, an entire country. If Greece reneges on its debts, traders who own these swaps stand to profit.
“It’s like buying fire insurance on your neighbor’s house — you create an incentive to burn down the house,” said Philip Gisdakis, head of credit strategy at UniCredit in Munich.
As Greece’s financial condition has worsened, undermining the euro, the role of Goldman Sachs and other major banks in masking the true extent of the country’s problems has drawn criticism from European leaders. But even before that issue became apparent, a little-known company backed by Goldman, JP Morgan Chase and about a dozen other banks had created an index that enabled market players to bet on whether Greece and other European nations would go bust.” http://www.nytimes.com/2010/02/25/business/global/25swaps.html
Nevertheless, there are differences between the AIG situation and Greece. It was certainly reasonable for European banks to hedge their exposure to Greek debt and it’s not clear that Goldman’s actions rather than Greece’s budget situation actually pushed Greece over the edge. Kevin M
The new American financial economy is not longer primarily based on production or the creation of value. In our “new economy” we stumble (like a junkie looking for a fix) from government sponsored bubble to government sponsored bubble, each time seeking to realize an American dream that for most people is fading, is an illusion (funded by enormous credit card debt), or no longer exists. Each bubble is initially greeted with great skepticism, which of course does not last. Eventually, it seems to the average person that, “America has taken off again”, or, “We are back on track!” and they decide to venture into the fray. Just as confidence grows high enough for the average person to “jump in” and “stake their claim” The bubble is at a peak and ready to implode, devouring savings and dreams that took years to accumulate. In the 70′s we had mass inflation that devastated savings, insurance policies, and pension plans. In the 80′s we had the mass inflation, foreign loan crisis, 87 crash and s&l crisis. In the early 90′s we had the continuation of the S&L crisis, a real estate crisis, a foreign investment crisis, the rise and fall of the Internet bubble, and the biotech rise and crash, among others. In this decade we had the real estate bubble and crash. In hindsight it could seem amusing, but the human cost is high. The ones who win are the ones who realize from the beginning that it is a zero sum game. They profit from events but never believe, “the story” that has been sold to the public. They realize “The story” is promoted only so that there will be enough suckers at the top to be left holding the bag when the cronies decide to sell (Funny how Blackstone and the other crony companies issued stock at the EXACT peak of the last bubble, isn’t it?)
The new financial game was not in financing productive industry, but in creating financial “products” so confusing that the consumer (including institutional consumers) has absolutely no idea what they are getting. The purpose? To hide as many fees as possible, maximizing the “house take” and bonuses of the Investment bank. And if the investor gets hosed? Well, that is their problem. Buyer beware. The banking cartel has proven that the government will make sure the elite cronies will not be held accountable for their actions. Reform? The new “reform” laws will NOT target the guilty, but rather will be named “reform” while in substance the laws will work to block competition and further cartelize the financial sector for the benefit of the cronies (The best example being the proposed transaction tax, which will kill upstart entrepreneurial companies that have been successfully offering value to investors and eating wall streets lunch the past few years and massively increase the cost to private investors).
The greatest financial profit has gone to those who have worked to actively destroy American industry and the American dream. New economy finance is not productive finance, but rather finance as a form of legalized theft and plunder. The perfect example can be found in the business practices of one man, Ira Rennert. This moral cripple has truly mastered the fine art of sucking value out of the real economy and using the proceeds to line his pockets.
How much “Chutzpah” (To use the very appropriate Jewish phrase) does it require to steal (even if done by legal means) billions of dollars from the productive economy and get away with it? This sociopathic snake, and many others like him, have perverted the entire capitalist system for their own benefit. The zero sum game of, “the new capitalism” is something they have lobbied for and essentially created. Why? Because this is THEIR game, a commercial economy that has been freed from all moral and ethical constraints is the nectar of their existence and the genesis of their power. Create value? Such thinking is obsolete. Maddoff? Just the tip of a giant Iceberg! The real crooks are far more sophisticated, in that they know how to remain on the right side of law. The game they play is called Legalized plunder. To convert our productive economy into a parasitic economy rigged for their own benefit. The suffering they have created for “ordinary” Christian Americans may be just as valuable to their demented, twisted egos as the obscene quantities of wealth they have plundered in order to build their ludicrously vulgar 100,000+ square foot mansions.
This summer home is brought to you by the plundered pension funds and asset stripped ghost companies that were once America’s industrial base:
http://www.google.com/imgres?imgurl=http://i.pbase.com/g4/72/200972/2/64272973.yNKzQumC.jpg&imgrefurl=http://www.pbase.com/image/64272973&h=600&w=800&sz=107&tbnid=l2t6lqiizdmJhM:&tbnh=107&tbnw=143&prev=/images%3Fq%3Dira%2Brennert&hl=en&usg=__lbc6MuZjsJFdNUKEn910ULAjuU8=&ei=XYJwS-bzFoLeNbOjmdQE&sa=X&oi=image_result&resnum=5&ct=image&ved=0CBkQ9QEwBA
Here is one of the favored formulas:
1. Find a cyclical, yet cash rich (conservatively managed) company that has weak owners
2. Use massive borrowings to purchase the company
3. Leverage the balance sheet of the company
4. After mortgaging the future of the company to such an extent its stability and viability is at risk, use the proceeds to pay yourself a massive dividend.
Presto! The financial alchemist has just succeeded in a massive wealth transfer. Capital has been removed from a productive company and has been put into the financier’s hands. That much less capital will be available to fund both the company as well as the workers pension plans. It is a gamesmanship, a zero sum game where a company and its workers are damaged, and the thief has vastly enriched himself.
Just as guilty are the greater fool enablers, those moronic pension fund managers who purchase the bonds who make this rigged game possible. If they have not been directly bought and paid for, they have been conned by financial theories that suggest that if one abides by mathematical formulas, there is no need to look at reality and understand what is really going on. (Such thinking sure worked out well in the sub-prime crisis, did it not? Yet, these idiots have not given up on their theories. Why? Is it because systematic ignorance is valuable to those who rape the system?)
Of course, these plunderers have done their deeds by scoring points against an opponent who never woke up enough to realize which game was being played. Mass media propaganda, after all, does have this effect on most people. What would happen to their fortunes if the, “other side” ever wakes up?? Well, lets just hope for their sake they keep the private Jets fully fueled, for if the other “other side” awakens, they will need them (and fast!) to return to the rocks they first crawled out from under!!
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What the hell has gone wrong with American capitalism? Once upon a time America practiced (with a few blaring contradictions that were corrected over time) a form of capitalism that included our societies moral ideals. The vast majority of wealth and power was in Christian hands. Hands that may have worked tirelessly to create private fortunes, but that also through their work wished to demonstrate and live up to Christian moral ideals. The principle of service, and that private business affairs should serve some higher ideal and society at large, was a common notion. The former American economic elite by and large believed that accumulation and stewardship of capital was a calling from god that implied certain moral obligations. The notion that finance and “Wall Street” had a noble public purpose was a part of the culture of many implicitly Christian Wall Street firms not all that long ago, as hard as this notion is to believe today. We as a nation believed in production, not plunder, and our economic elite skillfully guided the private economy for just this purpose. Our business heroes provided quality goods and services to ordinary Americans, and provided employment that lifted the “average man” out of poverty (The perfect and classic example being Henry Ford).
What is wrong with our economy? Some answer this question by pointing to some economic law, esoteric regulation, or other minutiae. I will point to what I think is the elephant in the room: The elite economic power centers of our nation, including Wall Street, have just about completely fallen out of Christian hands. The Christian elite has been out-competed and essentially destroyed by a gang of vicious Machiavellian thugs. (…And we are to believe this transfer of power will not, and has not, created dire consequences for the economic quality of our nation?) These new psychopath-capitalists have used their economic, commercial, and political power in an organized campaign to subvert the America that existed, that many of us mistakenly believe still exists, and have remade American capitalism in their own Immoral, depraved image.
Christian Americans must learn to no longer expect our values to be reflected in the business practices partaken in by the elite economy. “They” have actively sought the destruction of our economy, our culture, and our way of life. So what in turn should we do for them? Should we close our eyes, open our wallets, and pretend “this time” they will give us a fair shake? I think not!
We must begin to care who is on the other side of the transaction. We must seek out and patronize small businesses and Christian lead businesses as exclusively as possible. We must vote for our values in the voting booth, but most importantly with our dollars. Only if a Christian elite (that shares our values) is able to regain economic power will the zero sum, flim-flam, bait and switch snake oil economy that has hollowed out American industry and corrupted its values be put to rest. As difficult as the Main Stream Media lie factory will make it to get this message out, It may be the one true and legitimate solution to the profound moral sickness that has infected our once productive economy. ( If we fail in this then our economy is doomed, and the best we can hope for is the temporary salve of one more boom and bust financial bubble)
We, as Christian Americans, must become a people who once again speak with one voice. We must DEMAND that the economy be run based on the principles that we believe in, the same principles shared by our founding fathers, and the same principles that originally gave us the highest living standards on earth. Nothing else will do and nothing else will work.
Ethnic strategies are an important part of it, but on my blog I have been highlighting a different aspect.
The much vaunted “Jewish love of scholarship” has actually been thousands of years of inculcating a Talmudic or even Qabalistic mindset.
Those “smart Jews” ["the smartest guys in the room"] who replaced the dumb goyim [remember when idiot sons went into banking? Anyone remember what 3-6-3 meant?] think “being smart” means “designing incomprehensible [to the goyim] non-entities that blasphemously imitate real creatures by reproducing indefinitely.”
From compound interest [take a look at your newest credit card statement; there's now a box "explaining" why it will take 40 years to pay off your balance] to CDS etc., the Jew lives in a mathematical fantasy world [Einstein!]
The goyim not only can’t understand these “financial weapons of mass destruction” they can’t even imagine sitting around dreaming them up. To the Jew, the ultimate Evil Dwarf, it’s perfectly “natural.”
The relevance to White Nationalism [or whatever it's called] is that until the Demon of the Economy [Evola] is exorcised, nothing significant can be accomplished.
Economics, like any other part of society, must not be allowed to take precedence over the State. “Free Market Capitalism” is “implicitly Jewish,” since it postulates the subservience of the state [and everything] to the Market. And guess who rules the Market?
Is it any surprise that Capitalism is the special province, among the goyim, of the judaizing Protestants?
The European Revolution of 1933 was largely about just that: removing, not the Jews [the error of biological racism] but the Jewish mindset from the State. [Spengler: Prussian Socialism; Yockey: Ethical Socialism]. That is why a world-wide coalition had to destroy it.
Ever notice that the European countries “in crisis” are Catholic/Orthodox nations that fought on the “wrong side”?
Portuagal-Italy-Ireland-Greece-Spain.
Piigs, get it?
Contrary to what so many good people — out of sheer terror of ‘Communism’ — think, Capitalism is not ‘free enterprise,’ an incentive for success, ‘a chance for all.’ Capitalism is trusts, speculation, parasitical usury. Capitalism is J. P. Morgan, Rothschild’s bank, ripping apart the nations like maddened swine. Capitalism is the Jewish frying pan in which culture is rendered down to the grease of money. Following it, as the night to day, is the thrice hotter Jewish fire of ‘Communism.’
–William Striker
We are living under a predatory economic system, whose parasitical elites have a clear lock on power and influence. Their greed and avarice in ‘harvesting’ everything that they could grasp, has led to the asset stripping of the White middle class, and the destabilization of the usurious system itself. America is in a state of undeclared bankruptcy. Create more credit and loan more money? To what avail? The economy is approaching a financial dead zone, with deeply indebted people who can’t pay their existing loans! Three percent of the population now own or control 70% of North America’s assets. This is a big problem and a basic distribution of wealth issue now. As this melt-down continues, and Whites realize that they have been dispossessed and lied to, envy and rage is the likely consequence. This Cargo Cult/Casino ‘economy’ will inevitably lead to one disaster after another.
This is where Andrew and other prescient posters are correct about the importance of politically seizing this crisis of opportunity. ‘Respectability’ will likely be cast aside in the melee’ to reclaim what was perceived to have been unfairly stolen. Envy and resentment are powerful negative emotions, but very real in the minds of those who have been financially injured. A potential army of the White ‘walking wounded’ is arising, and the question is: who will lead it, the enemy within that caused the problem, or an elite of the organized will of the White people themselves?
A different, perhaps a better, much better, way of economics.
The Good Society
Although KMac claims that the whole issue of finance is beyond his field of speciality, this is a topic just crying out for the KMac treatment and a new book!
The ferocity of National Socialist’s Germany response to Europe’s Jews is partially explained by financial manipulations perpetrated by Jewish financiers in the depths of Weimar Germany’s crisis – a fact unheeded today.Similarly the wholesale looting of Russia by Jewish oligarchs during the corrupt Yeltsin regime is another example – history is littered with extreme examples of Jewish financial elites overreaching themselves and causing a backlash.
The historian Edward Long in the 18th century wrote about this.
@kevin – a link about the connection between Jews and Greece was published before the NYT article.
http://www.realzionistnews.com/?p=482
Jews are doing to us the same things they did to the people of Europe. Where were our historians and politicians who should have been alert enough to keep them out?
As Americans we must find the ultimate solution to this Jew curse. We can start by getting rid of the Federal Reserve and then by making Jew financial practices illegal as they should be.
@alfred – the Jews were at war with Germany long before the rest of us were dragged into it and Jews were behind that war. Probably because Hitler had destroyed international financial control over Germany thur economic policies described in the link you provided.
in the same way the Rothschilds caused war in the USA until they got their central bank, the Federal Reserve.
In this day and age the entire world will rise up to stop the Jews.
Who Controls Goldman Sachs?
Executive Officers:
Lloyd C. Blankfein(Jew) – Chairman of the Board and Chief Executive Officer
Gary D. Cohn(Jew) – President and Chief Operating Officer
John S. Weinberg(Jew) – Vice Chairman
J. Michael Evans(White European) – Vice Chairman
Michael S. Sherwood(Jew) – Vice Chairman
David A. Viniar(Jew) – Executive Vice President and Chief Financial Officer
Gregory K. Palm(White European) – Executive Vice President, General Counsel and Secretary of the Corporation
Esta E. Stecher(Jew) – Executive Vice President, General Counsel and Secretary of the Corporation
Alan M. Cohen(Jew) – Executive Vice President and Global Head of Compliance
Board of Directors:
Lloyd C. Blankfein(Jew) – Chairman and Chief Executive Officer
Gary D. Cohn(Jew) – President and Chief Operating Officer
John H. Bryan(White European) – Director
Claes Dahlbäck(White European) – Director
Stephen Friedman(Jew) – Director
William W. George(White European) – Director
Rajat K. Gupta(Indian) – Director
James A. Johnson(Jew wife: Maxine Isaacs) – Director
Lois D. Juliber(Jew) – Director
Lakshmi N. Mittal(Indian) – Director
James J. Schiro(Jew) – Director
Ruth J. Simmons(Black) – Director
Management Committee:
Lloyd C. Blankfein(Jew)
Gary D. Cohn(Jew)
John S. Weinberg(Jew)
J. Michael Evans(White European)
Michael S. Sherwood(Jew)
Kevin W. Kennedy(White European)
Richard A. Friedman(Jew)
Timothy J. O’Neill(White European)
Gregory K. Palm(White European)
Masanori Mochida(Japanese)
David A. Viniar(Jew)
Christopher A. Cole(Jew)
Esta E. Stecher(Jew)
David B. Heller(Jew)
Marc A. Spilker(Jew)
Richard J. Gnodde(Jew)
Richard M. Ruzika(Jew)
Yoel Zaoui(Jew)
Gordon E. Dyal(White European)
David M. Solomon(Jew)
Edith W. Cooper(Black)
Isabelle Ealet(White European)
Edward K. Eisler(Jew)
Gwen R. Libstag(Jew)
John F.W. Rogers(Jew wife: Deborah M. Lehr)
Pablo J. Salame(Mestizo)
Donald R. Mullen(White European)
Harvey M. Schwartz(Jew)
Alan M. Cohen(Jew)
Of the nine(9) Goldman Sachs executive officers, seven(7) are Jews. This is a numerical representation of 78%. Of the twelve(12) members of the Goldman Sachs board of directors, six(6) are Jews or have Jewish spouses. This is a numerical representation of 50%. Of the twenty-nine(29) members of the Goldman Sachs management committee, nineteen(19) are Jews or have Jewish spouses. This is a numerical representation of 66%.
Jews are approximately 2% of the United States population. This means that Jews are over-represented among the Goldman Sachs executive officers by a factor of 39 times, or 3,900 percent, over-represented on the Goldman Sachs board of directors by a factor of 25 times, or 2,500 percent, and over-represented on the Goldman Sachs management committee by a factor of 33 times, or 3,300 percent.
This extreme numerical over-representation of Jews among the Goldman Sachs executive officers, board of directors, and management committee cannot be explained away as a coincidence or as the result of mere random chance. You must ask yourself how such an incredibly small and extremely unrepresentative minority ethnic group that only represents 2% of the American population could so completely dominate the world’s most powerful and influential investment bank.
They say Bernie Madoff didn’t make a single trade for decades, and they literally just made up invoices. Consider that level of brazen fraud.
Bernie Madoff was a founder of NASDAQ. Consider how influential he was among the financial elite.
The story seems to be that Madoff “fooled” a lot of people, but does that really seem likely? The legendary chief of a major financial establishment has people *literally just typing up fake invoices” for a decade, and they “fooled” everybody?
He’s the only one in prison as far as I know.
So that’s the level of brazen fraud going on in the financial industry at the highest levels. It’s quite staggering when you think about it.
James:”Economics, like any other part of society, must not be allowed to take precedence over the State.”
It would be better if you said that economics must not be allowed to take precedence over the RACE. Not even the state takes precedence over the race, much less money.
The only thing that trumps race is God and Nature, that’s it.
Christian Americans must learn to no longer expect our values to be reflected in the business practices partaken in by the elite economy.
promteous, great post – and even if we were not ‘perfect’ before at least the IDEA it was wrong to behave that way was there… now the IDEA it is wrong is ‘anti semitic’
steve sailer points that that many jews feel/suspect criticism of preditory lending is anti-semitic (no joke)
jame o’mera: Ever notice that the European countries “in crisis” are Catholic/Orthodox nations that fought on the “wrong side”?
wrong as usual Greece was on the side of the Allies, but I am sure you’ll find some way to twist that to fit your agenda.
Jewish charities receive $10 billion per year from the federal government. This year these charities received an addditional
$1 billion dollars. Surveys show that 90% of Jews feel
charity should be given only to Jews so undoubtedly
most if not all of this $11 billion goes to needy Jews.
Assuming 5 million Jews in the USA that works out to
$2200 per Jew per year. While gentiles go homeless
as we expend about $1 trillion a year for the endless
Zionist wars. Have you ever seen a homeless Jew?
“buying insurance and then burning down the house”
This used to be a common fraud among Jews, well known to insurance companies that refused on principle to sell certain kinds of policies to Jews.
I heard from a small stockbroker that Goldman Sachs was started by Jews who could not get a job on Wall Street, because they were Jews. “We’ll show them!” was the founders’ attitude. I guess they showed us….and they continue to show us…
Could it be that the percentage of racist sociopaths is higher in Jewish populations than among the “goyim”?
Well, good luck knitting sweaters, sighing over George Washington, and yearning for a “return to the Constitution” by electoral upset, fellas. I wouldn’t be surprised if one day I tuned in and saw that Mark Levin was A3P’s first presidential candidate.
Whoa…”A society without a healthy, civic-minded elite is doomed.” If that’s true, then hang it up…we’re doomed.
Much of the problem is that we chronically mis-identify the “elite”.
Ideally, the elite are supposed to be altruistic and enlightened leaders with the honesty, intelligence and discipline of demigods and saints; failing that, despotic philosopher-kings who are morally and intellectually second to none; at worst, affectionate patriarchs who make mistakes, but at least try to do the right thing when they finally snap out of it.
Sadly, what we actually have is a jar of ravenous tapeworms writhing in a bath of steroids, criminals bold and ruthless.
Where should we look for a true elite? Academia? With a very few notable exceptions (e.g., Dr. MacDonald), one might as well look in a cathouse. In government? Why not just take a midnight swim in Leech Lake? In the financial sector? Better leave your money at home…all of it! In the military or police? Not too likely; those are the paycheck-driven enforcers for the abovementioned tapeworms, whores, and leeches!
If we want a true elite, we’d better get out the fine-toothed comb and scrape one together from scratch. The best way to start is to give up any outdated illusion that a true elite exists within the current establishment. In fact, the establishment is expertly designed from the ground up to exclude and disenfranchise anyone even resembling a true elite. The secrets of success: anything goes if you don’t get caught, everything’s for sale, and everybody scratches everbody else’s back. To deviate from these rules is to have the social ladder slip out from beneath one’s feet like gold-plated banana peel.
In case it is unclear what this means, it means that we can’t trust academia about who’s smart, we can’t trust the government about who’s honest, and we can’t trust the financial sector, period. In this corrupt atmosphere, credentials carry negative weight across the board. Rare exceptions exist, but they can only be rooted out one by one, and by their deeds shall ye know them.
So the question is, how does one distinguish an elite from a tapeworm, or for that matter Joe Sixpack, without benefit of credentials and references from smooth-talking, well-tailored dirtbags in government, business and academia, especially when hostile aliens are forever trying to insert their own moles and dishrags in place of the genuine article?
One thing’s for sure: it will take almost as much insight as it takes to actually BE an elite.
“buying insurance and then burning down the house”
This used to be a common fraud among Jews, well known to insurance companies that refused on principle to sell certain kinds of policies to Jews.
arson is still known as ‘jewish lightening’
“Jewish lightning”, yep.
Re Jewish lightning, this is a passage from Separation and Its Discontents:
Sociologist Edward A. Ross (1914) perceived Jews as having some morally laudatory traits (e.g., intelligence and a lack of physical brutality), but he also commented on a greater tendency among Jewish immigrants to maximize their advantage in all transactions, ranging from Jewish students badgering teachers for higher grades to Jewish poor attempting to get more than the usual charita-ble allotment. In addition, “no other immigrants are so noisy, pushing and disdainful of the rights of others as the Hebrews” (Ross 1914, 150).
The authorities complain that the East European Hebrews feel no reverence for law as such and are willing to break any ordinance they find in their way. . . . The insurance companies scan a Jewish fire risk more closely than any other. Credit men say the Jewish merchant is often “slippery” and will “fail” in order to get rid of his debts. For lying the immigrant has a very bad reputation. In the North End of Boston “the readiness of the Jews to commit perjury has passed into a proverb.” (Ross 1914, 150)
“Jewish lightning” (Jewish arson to collect insurance monies) and all kinds Jewish insurance fraud is still VERY common.
Some think the attack on the World Trade Center was a case of Jewish insurance fraud for the owner, Larry “Pull It” Silverstein, to collect massive amounts of insurance money.
Cases of Jewish insurance fraud are constantly being uncovered; for instance, 3 days ago – http://jta.org/news/article/2010/02/25/1010816/jewelers-who-staged-hasidic-robbery-arrested
Hi Kevin. Excellent, balanced assessment of the destructive role of modern finance and the Jewish role in it. And I do think that it’s not over-the-top to accuse the Jews of (some degree of) parasitism, since the shoe fits.
I’m also glad that you referenced that Rolling Stones article on Goldman Sachs by Matt Taibbi. It is outstanding.
Is Tim Geithner Jewish? I looked at this and the information I found indicates otherwise.
As for the number of Jews in the world, when Mark Twain was confronted with the ‘fact’ that there were only some five million Jews in all the world (this was well over 120 years ago) he expressed skepticism, saying: “only five million Jews?–but I’m personally acquainted with at least that many!”
Indeed, the Jews seem to be everywhere. This disparity may be because there are probably as many half-Jews out there who identify as Jews but aren’t officially counted as Jews. These ‘shadow’ (under-counted) Jews probably doubles the number of Jews worldwide.
Great article! To me, it was so absolutely incredible that the American public let that “bailout” happen. It was quite obviously the largest corruption and kickback activity in the entire history of mankind. Seems like the “big lie” technique Hitler railed against has now become the “big crime” technique — crimes so big and destructive that people cannot imagine minds that would perpetrate such a thing and so they easily accept the idiotic explanations of a “financial industry” needing a “bailout” without questioning why or how the crash was fomented in the first place. Like Dr. Macdonald says, there is no “industry” about such destructive and pocket-lining financial chicanery.
Meanwhile our real industries are being shipped overseas…. or getting cheap labor from mexico. Why do I feel like our country is a dying animal upon which the financial vultures are in a feeding frenzy? It is as if we have no leaders — only scam artists trying to keep us ignorant while we are being destroyed by their avarice. I feel like I am in a ship with no captain, only pirates. I think it was William Pierce who used the analogy of the robbers who used to put up false lighthouse lights to mislead ships to their doom on rocks in storms, and then they would loot them after they crashed…
really……great……..nice……