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Ichingcarpenter

(36,988 posts)
Thu Aug 22, 2013, 11:39 AM Aug 2013

Larry Summers and the 'End Game' memo

THE CONFIDENTIAL MEMO AT THE HEART OF THE GLOBAL FINANCIAL CRISIS
By Greg Palast







When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it.

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

The memo is authentic.

I had to fly to Geneva to get confirmation and wangle a meeting with the Secretary General of the World Trade Organisation, Pascal Lamy. Lamy, the Generalissimo of Globalisation, told me,

“The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people... We don’t have cigar-smoking, rich, crazy bankers negotiating.”

Then I showed him the memo.

It begins with Larry Summers’ flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march:


http://www.vice.com/en_uk/read/larry-summers-and-the-secret-end-game-memo


It was a conspiracy ... oh wait I used that word....
127 replies = new reply since forum marked as read
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Larry Summers and the 'End Game' memo (Original Post) Ichingcarpenter Aug 2013 OP
Holy crap! This is explosive. hedda_foil Aug 2013 #1
Yes it is Ichingcarpenter Aug 2013 #2
Wonder if the Bat Signal is up yet? Junkdrawer Aug 2013 #6
Greg better watch out Ichingcarpenter Aug 2013 #8
just incredible questionseverything Aug 2013 #7
China signed on reluctantly Ichingcarpenter Aug 2013 #11
You're not supposed to say that!!! Fantastic Anarchist Aug 2013 #55
Is it OK to call it an agenda, a consensus plan HereSince1628 Aug 2013 #66
I was being facetious .... Fantastic Anarchist Aug 2013 #70
Yes, nothing is going to change. nt Mojorabbit Sep 2013 #127
4 years before 9/11. blkmusclmachine Aug 2013 #88
Savvy! blkmusclmachine Aug 2013 #90
re-reading Shock Doctine, and Klein's Rolling Stone piece on China nashville_brook Aug 2013 #3
if I recall... Locrian Aug 2013 #52
First thing I thought of when reading the OP was "Shock Doctrine." Fantastic Anarchist Aug 2013 #56
5th rec! elehhhhna Aug 2013 #4
Oh please, people! Let's get a little realistic here. Nuclear Unicorn Aug 2013 #5
And it's happening all over again, same people, in secret, with the TPP. pa28 Aug 2013 #9
The fix is in. blkmusclmachine Aug 2013 #91
K&R...Glad to see this! KoKo Aug 2013 #10
WRONG - whatever Wall St wants Obama gets for them FreakinDJ Aug 2013 #40
This is much closer to the truth - TBF Aug 2013 #43
Maybe because they threaten to destroy the world's economy again if Amonester Aug 2013 #81
Not a chance. Nothing other than imagination supports this assertion. AnotherMcIntosh Aug 2013 #82
What makes you so certain? Amonester Aug 2013 #83
You say, "They pulled it once." In reality, they never contacted Obama or anyone else at an AnotherMcIntosh Aug 2013 #84
Ok, but you also have no evidence they never contacted anyone in his administration Amonester Aug 2013 #85
Oh come on. delrem Aug 2013 #89
in some dream world of your own creation perhaps,. not in this reality though. Civilization2 Aug 2013 #103
"No evidence of never" means nothing. caseymoz Aug 2013 #104
Other than Wall St. Financiers funded his 2008 campaign FreakinDJ Aug 2013 #98
I agree 100% with you that Wall St. Financiers AnotherMcIntosh Aug 2013 #112
Criminal. blkmusclmachine Aug 2013 #92
Quite. nt bemildred Aug 2013 #12
K&R DeSwiss Aug 2013 #13
Exactly Hydra Aug 2013 #17
Love that quote. Fantastic Anarchist Aug 2013 #57
K & R n/t glinda Aug 2013 #14
KNR & Bookmarked. DirkGently Aug 2013 #15
In A Related Story The White Denied That Misogynistic Piece Of Shit Larry Summers is BlueManFan Aug 2013 #16
Of course Hydra Aug 2013 #18
The MSM RESPONSE IS...... BillyRibs Aug 2013 #19
Lol! whatchamacallit Aug 2013 #20
Old news (and therefore not worth discussing)... blkmusclmachine Aug 2013 #93
And these people are Obama's closest cronies Ocelot Aug 2013 #21
That's why I Laugh so hard when, BillyRibs Aug 2013 #22
he's the worst goddam socialist I've ever seen. nt navarth Aug 2013 #50
When they do that, Enthusiast Aug 2013 #67
Show the whole Memo ... GeorgeGist Aug 2013 #23
Post removed Post removed Aug 2013 #25
Good Thought gussmith Aug 2013 #44
A pdf is embedded in the article deutsey Aug 2013 #51
They really dont want to see the memo. nm rhett o rick Aug 2013 #60
in fact they hid the first posting of the direct link to it,. claimg the use of the word Civilization2 Aug 2013 #105
Greedy and sociopathic FlyByNight Aug 2013 #24
But Is The Memo Authentic? DallasNE Aug 2013 #26
Yep. I'll give this one a minute before dancing upon any figurative bankster graves Fire Walk With Me Aug 2013 #28
What's of equal concern to me is that if it's authentic deutsey Aug 2013 #39
Yep...but now I see it's from Greg Palast, whom I respect very much...this is huge...n/t Fire Walk With Me Aug 2013 #49
Concern was limited to that kid who got tazed at a Kerry appearance. arcane1 Aug 2013 #59
Doesn't it say Jon? StoneCarver Aug 2013 #30
Yes, it's "Jon" in the memo. deutsey Aug 2013 #33
From The Link In The Top Post DallasNE Aug 2013 #77
Its in the memo...JON Ichingcarpenter Aug 2013 #31
Watch the video that is linked to from Palast's article. JDPriestly Aug 2013 #37
The memo, while damning, is hardly the only "evidence" of this reality.., and it seems legit. Civilization2 Aug 2013 #106
K&R n/t myrna minx Aug 2013 #27
And then the CT becomes...reality nadinbrzezinski Aug 2013 #29
Most of us knew it was a conspiracy. Enthusiast Aug 2013 #32
plus one questionseverything Aug 2013 #34
K&R&ITYS Egalitarian Thug Aug 2013 #35
Agreed,. denial is a powerful force, when it lets one keep faith in clearly broken systems. Civilization2 Aug 2013 #107
We can't, and that's the hardest thing to accomplish. So many of the greatest minds throughout Egalitarian Thug Aug 2013 #124
And Obama Couldn't Love The Guy More colsohlibgal Aug 2013 #36
Cause Summers had E X P E R I E N C E avaistheone1 Aug 2013 #41
This message was self-deleted by its author avaistheone1 Aug 2013 #42
Yep - he talks a good 99% game but seems to love the 1% polichick Aug 2013 #46
That right there is some depressing shit to read. Pretzel_Warrior Aug 2013 #38
I can only hope that this 1% facade finally crashes blackspade Aug 2013 #45
And how is Obama's Catfood Commission coming along? blkmusclmachine Aug 2013 #99
K&R! Phlem Aug 2013 #47
Wait a second, this is from Greg Palast...oh shit, this is real...off comes the lid... Fire Walk With Me Aug 2013 #48
The same capitalist parasites who fucked things up so badly are now being entrusted to HardTimes99 Aug 2013 #53
Have they got us on our knees, yet?? blkmusclmachine Aug 2013 #94
Incredible. Fantastic Anarchist Aug 2013 #54
Win The Future! blkmusclmachine Aug 2013 #95
indeed,. this is a huge part of their sick game-plan, scapegoat the unions, social programs,. Civilization2 Aug 2013 #108
It's absolutely evil. Fantastic Anarchist Aug 2013 #113
"Speed it up" whatchamacallit Aug 2013 #58
I was thinking about that video too arcane1 Aug 2013 #61
Yeah it's a rare glimpse of the shape of things whatchamacallit Aug 2013 #63
They make $$$ the new fashioned way, blkmusclmachine Aug 2013 #96
Wow. What an indictment. Or as Prez Obama calls it, a 'resume builder' Maven Aug 2013 #62
You know, if Summers had been right, once, about anything, I might not be so pissed off hatrack Aug 2013 #64
actually he has been right every time; the 1% have won, and the rest of us have paid for it,. Civilization2 Aug 2013 #110
"Capitalism is the astounding belief that the most wickedest of men Egalitarian Thug Aug 2013 #65
Yeah. Enthusiast Aug 2013 #68
We must also break the cycle of class control. n/t Egalitarian Thug Aug 2013 #71
"The Goddamn Occupiers were right!" Fire Walk With Me Aug 2013 #69
+1,000 Berlum Aug 2013 #102
DURec leftstreet Aug 2013 #72
we should be able to have a good view of the back of the theater soon corkhead Aug 2013 #73
Hopefully Frank is looking down on all of this and gets to do a happy dance when the bad guys lose. Fire Walk With Me Aug 2013 #116
And this was orchestrated with Clinton goons, ... CRH Aug 2013 #74
BFEE Is Buy-Partisan Octafish Aug 2013 #86
We all got a good old fashioned bipartisan screwing blkmusclmachine Aug 2013 #97
Money does that to people. Octafish Aug 2013 #109
It's not personal, it's capitalism. nm rhett o rick Aug 2013 #114
HUGE K & R !!! - Thank You !!! WillyT Aug 2013 #75
How the TPP will impact financial regulations antigop Aug 2013 #76
+1! snot Aug 2013 #78
the TPP is just a continuation.... nt antigop Aug 2013 #79
Yup, they are not even done with the screwgie,. they will keep at it, till we take them down., Civilization2 Aug 2013 #111
k&r! n wildbilln864 Aug 2013 #80
A big heapin' helping of Shock Doctrine blkmusclmachine Aug 2013 #87
Is anyone really surprised by this? 99Forever Aug 2013 #100
"You smelly proles need to STFU. There's massive MoneyBuck profits to be made." L. Summers Berlum Aug 2013 #101
OK, so what are we gonna do about it? Dark n Stormy Knight Aug 2013 #115
Exactly, this is the most important question. If we do nothing, we'll become inured to the evil. n/t Fire Walk With Me Aug 2013 #117
We too are doped with religion and sex (porn) and tv Dark n Stormy Knight Aug 2013 #118
"..we are too tired to do much more than struggle to make a living." Fire Walk With Me Aug 2013 #120
I wish I knew. Dark n Stormy Knight Aug 2013 #121
They must be removed but fully expect protesting and civil disobedience. Fire Walk With Me Aug 2013 #122
Of course. Sorry, I was vague. It's not that I don't know what to do, I just don't think we have Dark n Stormy Knight Aug 2013 #123
Extremely creepy words from Plutonomist HW Bush regarding their then future plans: Fire Walk With Me Aug 2013 #119
The attitude of the rich is that money is THEIRS and the rest of us are thieves. Spitfire of ATJ Aug 2013 #125
Yes, Precious. n/t winter is coming Aug 2013 #126

questionseverything

(9,657 posts)
7. just incredible
Thu Aug 22, 2013, 11:59 AM
Aug 2013

The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.

Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”.

Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.

But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?

The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet -- in one single move. It was as brilliant as it was insanely dangerous.

How could they pull off this mad caper? The bankers' and Summers' game was to use the Financial Services Agreement (or FSA), an abstruse and benign addendum to the international trade agreements policed by the World Trade Organisation.

Until the bankers began their play, the WTO agreements dealt simply with trade in goods – that is, my cars for your bananas. The new rules devised by Summers and the banks would force all nations to accept trade in "bads" – toxic assets like financial derivatives.

Ichingcarpenter

(36,988 posts)
11. China signed on reluctantly
Thu Aug 22, 2013, 12:09 PM
Aug 2013

but only after they got the car parts deal which destroyed US jobs and Brazil backed out of it and then was punished.


Fantastic Anarchist

(7,309 posts)
55. You're not supposed to say that!!!
Thu Aug 22, 2013, 04:10 PM
Aug 2013

Of course, the left-wing (and by that, I mean us crazy far left-wing nutters) was correct again.

But let's just call it conspiracy nonsense and stick our collective heads in the sand.

Fantastic Anarchist

(7,309 posts)
70. I was being facetious ....
Thu Aug 22, 2013, 05:35 PM
Aug 2013

By all means call it a conspiracy, because that's what it is. It's also incredibly evil.

And the fact of the matter, despite protestations by the actual Left, and despite always being correct, no one listens to us, or relegates us to fringe status.

If no one is going to listen to us, nothing is going to change.

Locrian

(4,522 posts)
52. if I recall...
Thu Aug 22, 2013, 03:53 PM
Aug 2013

Summers is in Shock Doctine - wasn't it with the Russian economy?

In 1993 Summers was appointed Undersecretary for International Affairs and later in the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury.

Much of Summers's tenure at the Treasury Department was focused on international economic issues. He was deeply involved in the Clinton administration's effort to bail out Mexico and Russia when those nations had currency crises.[10] Summers set up a project through which the Harvard Institute for International Development provided advice to the Russian government between 1992 and 1997. Later there was a scandal when it emerged that some of the Harvard project members had invested in Russia, and were therefore not impartial advisors.[11] Summers encouraged then-Russian leader Boris Yeltsin to use the same "three-'ations'" of policy he advocated in the Clinton Administration-- "privatization, stabilization, and liberalization."[12]

Summers pressured the Korean government to raise its interest rates and balance its budget in the midst of a recession, policies criticized by Paul Krugman and Joseph Stiglitz.[13] According to the book The Chastening, by Paul Blustein, during this crisis, Summers, along with Paul Wolfowitz, pushed for regime change in Indonesia.[14]

Summers was a leading voice within the Clinton Administration arguing against American leadership in greenhouse gas reductions and against US participation in the Kyoto Protocol, according to internal documents made public in 2009.[15]



http://en.wikipedia.org/wiki/Lawrence_Summers

 

elehhhhna

(32,076 posts)
4. 5th rec!
Thu Aug 22, 2013, 11:50 AM
Aug 2013

And good morning, Agent Mike and other assorted NSA tools! Say hi to Kenny O. for me , we went to HS together.

Nuclear Unicorn

(19,497 posts)
5. Oh please, people! Let's get a little realistic here.
Thu Aug 22, 2013, 11:52 AM
Aug 2013

You can't expect a man who claimed in senate testimony to be too incapable to figure out retail tax filing software to understand something as complex as worldwide banking regulations, do you?

KoKo

(84,711 posts)
10. K&R...Glad to see this!
Thu Aug 22, 2013, 12:02 PM
Aug 2013

But, we all know that whatever Obama wants...he gets. Like with Penny Pritzger and other nominations that there was hugepush back on..(and rightful pushback) Summers will probably get it. And, if not Summers...he will come up with someone equally as unsuitable...and it won't be Janet Yellen, but probably some surprise name that when checked out will be a crony of Summers.

TBF

(32,084 posts)
43. This is much closer to the truth -
Thu Aug 22, 2013, 02:44 PM
Aug 2013

I really don't think Obama has a lot of leeway here. He is owned by the ruling class. They are calling the shots.

Amonester

(11,541 posts)
81. Maybe because they threaten to destroy the world's economy again if
Fri Aug 23, 2013, 12:07 AM
Aug 2013

he doesn't give them the billions they want, and he knows they can do it anytime they want?

 

AnotherMcIntosh

(11,064 posts)
84. You say, "They pulled it once." In reality, they never contacted Obama or anyone else at an
Fri Aug 23, 2013, 12:38 AM
Aug 2013

earlier time and "threaten to destroy the world's economy" if Obama "didn't give them the billions they want."

They did not pull that once.

You have nothing to support your implication that they or anyone else has ever threatened Obama. You likewise have nothing to support your implication that Obama has ever succumbed to threats. Or even that he cares about the economy.

Amonester

(11,541 posts)
85. Ok, but you also have no evidence they never contacted anyone in his administration
Fri Aug 23, 2013, 12:45 AM
Aug 2013

'recently' who then might have 'advised' him about it.

And if you think Obama 'doesn't care' about the economy, you're not paying attention.

delrem

(9,688 posts)
89. Oh come on.
Fri Aug 23, 2013, 06:55 AM
Aug 2013

Obama isn't being blackmailed.
No matter how someone wants to frame it.

The Pres. of the USA has the means to repel that kind of shit.

 

Civilization2

(649 posts)
103. in some dream world of your own creation perhaps,. not in this reality though.
Fri Aug 23, 2013, 08:16 AM
Aug 2013

The banksters hold all the cards and play them at will,. . money is power as they say.

caseymoz

(5,763 posts)
104. "No evidence of never" means nothing.
Fri Aug 23, 2013, 08:21 AM
Aug 2013

You're simply multiplying nothing by zero. All you have is a wild-ass guess.

But yes, it could happen. There are many more things that could happen that don't then are things that could and do. If that's your only evidence, statistics are stacked against you.

I'm afraid to say, given Obama's appointments (of Summers and Geithner, et al) and policies of not prosecuting the financial sector after they wrecked the world's economy, there's more evidence he's in the pocket of Wall Street. Though it's not conclusive, it's a better guess than what you're saying because anything is more than nothing.

Remember, Obama's reputation as an 11th dimensional chess player? Well, what makes you think he's not playing chess against us? Who would be easier to beat than the ones who forgive him for anything? Who don't even know they're being played?
 

FreakinDJ

(17,644 posts)
98. Other than Wall St. Financiers funded his 2008 campaign
Fri Aug 23, 2013, 07:30 AM
Aug 2013

and Obama immediately jumped into bed with Wall St. appointing Summers and Gietner to critical positions during the melt down. No Wall St. Financiers have been indicted, brought to justice, incarcerated or at least some of the "Too Big to Fail" institutions dissolved or broken up.

In short - they have been rewarded with over a $Trillion

No - nothing but imagination. You keep telling yourself that

 

AnotherMcIntosh

(11,064 posts)
112. I agree 100% with you that Wall St. Financiers
Fri Aug 23, 2013, 09:16 AM
Aug 2013
are involved.

I disagree 100% with the other poster's speculation that Obama is responding to threats from Wall St. Financiers to destroy the world's economy again if he doesn't give them the billions they want. For a person to believe such theory which is based upon threats, they have to disregard the fact that Obama immediately adopted Bush-carryovers and other Republicans for high positions in his Administration. They have to believe that he cares about threats affecting others rather than his personal money. Is he the first Chicago politician to be threatened into running for office, threatened into making liberal and progressive noises, threatened into adopting high-level Republicans and Republican policies, threatened into ...?

I also disagree with the poster who refers to "billions." I think, as you say that you do, that it is trillions.

Here's a guy who has a spy-upon-everyone apparatus and can be threatened into assisting the Wall St. Financiers? He's subject to threats? Somehow, I don't think so.
 

DeSwiss

(27,137 posts)
13. K&R
Thu Aug 22, 2013, 12:34 PM
Aug 2013
''Everybody who has ever worked for a corporation knows that corporations conspire all the time. Politicians conspire all the time, pot-dealers conspire not to get caught by the narcs, the world is full of conspiracies. Conspiracy is natural primate behavior.''
~Robert Anton Wilson

Hydra

(14,459 posts)
17. Exactly
Thu Aug 22, 2013, 12:50 PM
Aug 2013

I don't know why people swallow the lie that there are no conspiracies. Conspiracies are simply plans that a person or persons don't want other people to know about. Corporations and everyone else have meetings, short term goals and long term goals.

The fact that this is done in cases of planning a crime is seen as absurd...is beyond absurd.

BlueManFan

(256 posts)
16. In A Related Story The White Denied That Misogynistic Piece Of Shit Larry Summers is
Thu Aug 22, 2013, 12:45 PM
Aug 2013

being considered for the post of Chairman of the Fed. We'll see him at his swearing in. (Sorry for the re-post, but I posted this back on August 13 and I'm sure now more than ever that it is going to come to pass. Fed chair will be his reward for helping to break the god damn planet, financially.

 

Ocelot

(227 posts)
21. And these people are Obama's closest cronies
Thu Aug 22, 2013, 12:58 PM
Aug 2013

Nothing wrong with the word "Conspiracy" when it involves FACT, not theory (as in this case). Examine history, there have been many conspiracies which have been well-documented, for example the conspiracy to overthrow FDR by big-business tycoons. This is 100% for real.

Enthusiast

(50,983 posts)
67. When they do that,
Thu Aug 22, 2013, 05:08 PM
Aug 2013

it serves the purpose of generating an effective smoke screen. It gives the right's minions and talking heads something to repeat, no matter how many light years from the truth it is. And it helps cover up the President's true nature.

Response to GeorgeGist (Reply #23)

 

Civilization2

(649 posts)
105. in fact they hid the first posting of the direct link to it,. claimg the use of the word
Fri Aug 23, 2013, 08:22 AM
Aug 2013

"dumbass" defies 'community standards' when it clearly applies to the poster claiming that the link was missing in the first place,. another example of sad and lame denialism by the frightened little children who can not face reality.

EDIT: I just noticed that is was "Ichingcarpenter" that was juried down, for calling a commentor a "dumbass",. this mean they are now locked out of their own OP?!?!? I must say that is wrong! Can we be a little less thin-skinned with the whole "name calling" hurt feelings babying,.

I mean really, "dumbass" is hardly the worst insult I can think of;



I guess we have to keep playing Jeopardy and phrase our name-calling in the form of a rhetorical,. but I for one think it is a little pathetic.

FlyByNight

(1,756 posts)
24. Greedy and sociopathic
Thu Aug 22, 2013, 01:08 PM
Aug 2013

Summers seems a fine potential choice for Fed Chairman. (Sarcasm should be self-evident.)



DallasNE

(7,403 posts)
26. But Is The Memo Authentic?
Thu Aug 22, 2013, 01:29 PM
Aug 2013

I am reminded of the Bush National Guard memo that caused Dan Rather to resign from CBS.

Here I am drawn to Goldman-Sachs CEO John Corzine. As most people know, it is Jon Corzine -- not John.

Lack of attention to detail certainly makes me wonder how much faith you can put into this memo.

 

Fire Walk With Me

(38,893 posts)
28. Yep. I'll give this one a minute before dancing upon any figurative bankster graves
Thu Aug 22, 2013, 01:55 PM
Aug 2013

however strong my urge may be to dance upon figurative bankster graves.

deutsey

(20,166 posts)
39. What's of equal concern to me is that if it's authentic
Thu Aug 22, 2013, 02:19 PM
Aug 2013

that doesn't mean it will be mean a damn thing to most people.

I think Palast pretty much proved Jeb Bush's cronies conducted a massive purge of eligible African-American voters from Florida voter rolls before the 2000 election. If so, very few people (Democrats included) seemed to give a damn.

 

arcane1

(38,613 posts)
59. Concern was limited to that kid who got tazed at a Kerry appearance.
Thu Aug 22, 2013, 04:15 PM
Aug 2013

And look where that got him

DallasNE

(7,403 posts)
77. From The Link In The Top Post
Thu Aug 22, 2013, 10:42 PM
Aug 2013
Goldman Sachs: John Corzine (212)902-8281


Someone else then posted the link to the actual memo and it did show Jon but I came across that later. I just checked the link in the top post and it still says "John Corzine" and it just jumped out at me when I first read it, assuming it was a cut and paste from the not then available memo.

JDPriestly

(57,936 posts)
37. Watch the video that is linked to from Palast's article.
Thu Aug 22, 2013, 02:18 PM
Aug 2013

But be careful. My virus protection system found a Trojan when I turned on the video. I don't know what that means. I had just downloaded a new version of Adobe Flash Player so that might have caused the problem. I'm just warning people to be careful. The video tells you that the memo is probably authentic.

 

Civilization2

(649 posts)
106. The memo, while damning, is hardly the only "evidence" of this reality.., and it seems legit.
Fri Aug 23, 2013, 08:29 AM
Aug 2013

One simply needs to follow the money, read the "laws" implemented by these deranged fools, see how they move from gov. to bankster CEO jobs and havoc they have wrote on the world.

The memo is a nice bit of evidence, but it is hardly necessary to prove the point of the article,. the banksters are reckless terrorists exploiting for short term profits for themselves, at the expense of everyone, and everything on the planet. This is clearly the case, and easily observable to anyone who cares to have even a cursory look into it.

 

Civilization2

(649 posts)
107. Agreed,. denial is a powerful force, when it lets one keep faith in clearly broken systems.
Fri Aug 23, 2013, 08:34 AM
Aug 2013

Sadly, way too many folks are in the grips of denial, since they are having trouble altering their world view to coincide with reality.

Clearly a reality none of us want to be, yet until we see and accept the actual truth, how can we possible make any changes to it?

 

Egalitarian Thug

(12,448 posts)
124. We can't, and that's the hardest thing to accomplish. So many of the greatest minds throughout
Fri Aug 23, 2013, 01:06 PM
Aug 2013

history have told us this in a thousand different ways, and still delusion persists in defining us as a species.

"Those who can make you believe absurdities can make you commit atrocities." - Voltaire

colsohlibgal

(5,275 posts)
36. And Obama Couldn't Love The Guy More
Thu Aug 22, 2013, 02:17 PM
Aug 2013

Obama couldn't wait to hire Summers and the Rubin clan, Obama apologists have a hard time rationalizing that.

The Big D democratic party is in cahoots with Wall Street just like the republicans.

 

avaistheone1

(14,626 posts)
41. Cause Summers had E X P E R I E N C E
Thu Aug 22, 2013, 02:41 PM
Aug 2013

unfortunately not the kind that would really benefit this country.

Response to colsohlibgal (Reply #36)

 

blkmusclmachine

(16,149 posts)
99. And how is Obama's Catfood Commission coming along?
Fri Aug 23, 2013, 07:38 AM
Aug 2013

Just in time to tank 2014 for the Democrats, yes?

-

 

HardTimes99

(2,049 posts)
53. The same capitalist parasites who fucked things up so badly are now being entrusted to
Thu Aug 22, 2013, 03:57 PM
Aug 2013

repair the rotten capitalist system, enriching themselves on both the collapse and its repair. Meanwhile, the masses are fed a bullshit line of 'austerity' and 'balanced budgets,' all to protect the interests of the global 1%

Fantastic Anarchist

(7,309 posts)
54. Incredible.
Thu Aug 22, 2013, 04:06 PM
Aug 2013

And even as well-read and knowledgeable about this stuff as I am, I am still amazed at new revelations. This is straight out of Disaster Capitalism.

The thing about Greece really struck a chord, because in my conversations with people, both American and European, they blame the Greeks on their "welfare statism." I've been stressing that it's the Banksters and their fabricated derivatives con-jobs that destroyed Greece, not "left-wing welfare statism."

It's a total con-job. The capitalists get off scot-free and and manage to convince otherwise intelligent people that it's left-wing economics/politics that are to blame.

It's evil. It's, unfortunately, not going away. All one has to do is to elect so-called a "progressive democrat" and lull everyone back to thinking everything is going to get better.

Thanks for posting, Ichingcarpenter.

 

Civilization2

(649 posts)
108. indeed,. this is a huge part of their sick game-plan, scapegoat the unions, social programs,.
Fri Aug 23, 2013, 08:41 AM
Aug 2013

anything of social uplift is attacked as the "cause" of the havoc these 1% banksters and their corporate politicians have wrought!

It is sad, and more than a little pathetic, that so many people would rather blame the poor than acknowledge the very system itself is rigged to favor the rich.

Amazing really,. I suppose they still hold out hope that "one day" they will join the 1% wealth class, and they don't want to rock the boat till then,. . greed is a powerful force.

hatrack

(59,592 posts)
64. You know, if Summers had been right, once, about anything, I might not be so pissed off
Thu Aug 22, 2013, 04:38 PM
Aug 2013

But given his record, I haven't seen any evidence that would warrant not being pissed off . . . which is more than a little ironic, given the reverential status accorded economics as a predictive "science".

 

Civilization2

(649 posts)
110. actually he has been right every time; the 1% have won, and the rest of us have paid for it,.
Fri Aug 23, 2013, 08:55 AM
Aug 2013

while not even noticing that they 1% have gamed us!

In his calculation that they could "get away with it" he has been 100% correct every time!

Sad but true.

 

Egalitarian Thug

(12,448 posts)
65. "Capitalism is the astounding belief that the most wickedest of men
Thu Aug 22, 2013, 04:39 PM
Aug 2013

will do the most wickedest of things for the greatest good of everyone." - John Maynard Keynes

corkhead

(6,119 posts)
73. we should be able to have a good view of the back of the theater soon
Thu Aug 22, 2013, 06:11 PM
Aug 2013
"The illusion of freedom [in America] will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater." Frank Zappa

CRH

(1,553 posts)
74. And this was orchestrated with Clinton goons, ...
Thu Aug 22, 2013, 06:43 PM
Aug 2013

soon to be adopted by Obama. Can't blame this one on BFEE. And after 5 years of Obama, it seems BAU. How will we ever blame this one on the Repubs?

 

blkmusclmachine

(16,149 posts)
97. We all got a good old fashioned bipartisan screwing
Fri Aug 23, 2013, 07:12 AM
Aug 2013

(D)'s & (R)'s in cahoots. Tag teaming Main Street.

Octafish

(55,745 posts)
109. Money does that to people.
Fri Aug 23, 2013, 08:53 AM
Aug 2013

"Money trumps peace." -- George W Bush, Feb. 14, 2007

All who go along with that are complicit.

antigop

(12,778 posts)
76. How the TPP will impact financial regulations
Thu Aug 22, 2013, 08:28 PM
Aug 2013
http://www.exposethetpp.org/TPPImpacts_FinRegulation.html

The TPP would provide big banks with a backdoor means of rolling back efforts to re-regulate Wall Street in the wake of the global economic crisis.

The deal would require domestic law to conform to the now-rejected model of extreme deregulation that caused the crisis. The TPP would forbid countries from banning particularly risky financial products, such as the toxic derivatives that led to the $183 billion government bailout of AIG.

The TPP would threaten the use of "firewalls" - policies that are employed to stop the spread of risk between different types of financial institutions and products. While many in the United States have called for a reinstatement of the Glass-Steagall Act, that helped eliminate banking crises for four decades by prohibiting deposit-holding commercial banks from dealing in risky investments, the TPP would bar such reform. The TPP would ban capital controls, an essential policy tool to counter destabilizing flows of speculative money. Even the International Monetary Fund has recently endorsed capital controls as legitimate for mitigating or preventing financial crises.

The TPP would prohibit taxes on Wall Street speculation. That means that there would be no hope of passing proposals like the Robin Hood Tax, which would impose a tiny tax on Wall Street transactions to tamp down speculation-fueled volatility while generating hundreds of billions of dollars' worth of revenue for social, health, or environmental causes.

The TPP would empower financial firms to directly attack these government policies in foreign tribunals, and demand taxpayer compensation for policies they claim undermine their expected future profits.

 

Civilization2

(649 posts)
111. Yup, they are not even done with the screwgie,. they will keep at it, till we take them down.,
Fri Aug 23, 2013, 09:00 AM
Aug 2013

Why would they stop,. they get everything they want every time, and the bulk of the people blame it all on each other,. never the 1% banksters,. that would be a "crazy conspiracy" Oh no, that just cant be true,. .

99Forever

(14,524 posts)
100. Is anyone really surprised by this?
Fri Aug 23, 2013, 07:44 AM
Aug 2013

This IS WHY he is Barack Obama's first choice. 1%ers, protecting their own at the expense of everyone else.

Dark n Stormy Knight

(9,771 posts)
115. OK, so what are we gonna do about it?
Fri Aug 23, 2013, 11:17 AM
Aug 2013

That's why they knew they could get away with it, because we are virtually powerless.

Dark n Stormy Knight

(9,771 posts)
118. We too are doped with religion and sex (porn) and tv
Fri Aug 23, 2013, 11:46 AM
Aug 2013

(a quote, unlike so many attributed to him on the interwebs, that can be positively attributed to John Lennon. Not that I think he's a guru or anything, but that was a great and true line.) And now that the 1% has stolen most of our nation's wealth, we are too tired to do much more than struggle to make a living.

 

Fire Walk With Me

(38,893 posts)
120. "..we are too tired to do much more than struggle to make a living."
Fri Aug 23, 2013, 11:50 AM
Aug 2013

Which is all part of their plan. What about OUR plan? Think; what to do?

 

Fire Walk With Me

(38,893 posts)
122. They must be removed but fully expect protesting and civil disobedience.
Fri Aug 23, 2013, 12:00 PM
Aug 2013

That's what the surveillance state is for, to protect their interests. DHS militarizing police departments...it's all "part of the plan".

To beat them we'll have to think complex and multiplex instead of the simplex reaction of rage in the streets. Attack them in their profit centers. Defeat their legislation. Stop their globalisation. End the TPP. Occupy them where it HURTS them. Reveal their evil. Let no friend or family member remain unaware of this memo and its larger meaning. Activate. Agitate.

Dark n Stormy Knight

(9,771 posts)
123. Of course. Sorry, I was vague. It's not that I don't know what to do, I just don't think we have
Fri Aug 23, 2013, 12:17 PM
Aug 2013

a chance, no matter what we do. Too much of the power is in their hands for us to take it back. Whoever controls the money and the media controls the world. Have you read The Power Broker, by Robert Caro? I just finished it and it left me quite depressed.

I guess I must still hold onto a glimmer of hope or I wouldn't bother with DU at all, so thanks for keeping the faith. Maybe I'll rebound.

 

Fire Walk With Me

(38,893 posts)
119. Extremely creepy words from Plutonomist HW Bush regarding their then future plans:
Fri Aug 23, 2013, 11:47 AM
Aug 2013


"New World Order...When we are successful...and we will be..."

Considering the Bush disaster family are effectively behind the post 9/11 surveillance state, raking in $2 billion from their 2/3s stake in Booz Hamilton alone...and are part of the massive grab of water per their buddies Enron's early experiments...if you take the Bush family as Plutonomists, the NWO is the Plutonomy we've seen built since before the 2008 theft of trillions of taxpayer dollars by banks and corporations, it all begins to make sense.


All your money and privacy are belong to BushCo

http://www.democraticunderground.com/10023490164

Water privatization by the richest rich is happening now ("hydraulic empire&quot incl. the Bush family

http://www.democraticunderground.com/10023406830


The source of the term is a quotation in an October 17, 2004, The New York Times Magazine article by writer Ron Suskind, quoting an unnamed aide to George W. Bush (later attributed to Karl Rove[1]):

The aide said that guys like me were "in what we call the reality-based community," which he defined as people who "believe that solutions emerge from your judicious study of discernible reality." ... "That's not the way the world really works anymore," he continued. "We're an empire now, and when we act, we create our own reality. And while you're studying that reality—judiciously, as you will—we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors…and you, all of you, will be left to just study what we do."[2]

http://en.wikipedia.org/wiki/Reality-based_community


Download three “secret” Citigroup “Plutonomy” reports
http://our99angrypercent.wordpress.com/2011/11/27/download-citigroup-plutonomy-memos/
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