How the scams worked
Matt Taibbi offers a schematic of how the big Wall Street bankers scammed the system, and continue to do so. Learn these scams and apply them to your personal self-defense as well.
Matt’s analysis throws into high relief the split between Wall Street financial manipulators and the folks who actually produce things. By now you should have completely grasped the corruption operating in the financial elite, the corporate elites, and the government. The NAFTA Conspiracy illustrates how many times they have pulled these scams in other countries. America is having its turn now.
“The post-bailout era in which Goldman thrived has turned out to be a chaotic frenzy of high-stakes con-artistry, with taxpayers and clients bilked out of billions using a dizzying array of old-school hustles.”
We never advocate buying stocks, bonds, or gold because the game is rigged against the little guy. Market trends do not reflect economic fundamentals, and market trends can turn on a single news story. If you are going to speculate, you need to be as sophisticated as the big guys and able to jump out of the car before it goes over a cliff. We don’t understand how the little guy can time market trends without being an inside conspirator. You also need to recognize that you are participating in legalized theft when you successfully game the system.
Everybody knows the game is crooked and unsustainable. Notice that we have corrupt parasites feeding off the ability of Wall Street to continue scamming, as well as socialists feasting off the corpse of bankrupt governments. We would like to make a contribution to our times by helping people turn away from the corrupt system to an honest life by describing specific alternatives. As you can see from our posts, we alternate between resistance and flight strategies. You are going to have to make the choices that fit your needs and beliefs in the coming era when large chunks of the ceiling start to collapse.
“At the same time the Fed and the Treasury were making massive, earthshaking moves like quantitative easing and TARP, they were also consulting regularly with private advisory boards that include every major player on Wall Street.”
The American and European political elites pushing the New World Order takeover are cooperating with the bankers at many levels. These hidden relationships are covered by nice-sounding press releases and policy statements that aren’t worth the paper they are written on. This big game of “move the money” has big winners and losers among the elites, but the people consistently lose.
We understand that it is difficult for one person, or a grass-roots political movement, to attack Goldman Sachs and J.P. Morgan, but at least identify the enemy and recognize the politicians who shield them and enable their continued looting. Until these guys get taken down, we don’t have a future.
It doesn’t help matters that the financial TV channels consistently boost the bankers and the corporate interests, as if we should be rooting for them to profit at our expense. And it doesn’t help to hear “conservatives” defending big capitalism, as if the “free markets” were the solution to widespread corruption. The media consistently portray the politicians and the corporate leaders and the big money men as celebrities who have great ideas that benefit the rest of us. Actually they form a tight elite of insider swindlers who should be prosecuted. There really isn’t any significant difference between Bernie Madoff and Alan Greenspan and Ben Bernanke, and no difference between the Bushes and the Clintons and the Obamas. The elites are our enemies.
Related: J.R. Nyquist writes about how intellectual elites spread bad ideas and wreck civilization. The Marxists’ aim, of course, is to wreck civilization and build their slave camp system on its corpse. The same elites who get rich at our expense are building the police state to monitor our every move.
Take a close look at your loyalties, and where your spending goes. The system that promises security is corrupt and bankrupt, and going along with it for the ride is not your best personal option.
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