Shedding Some Light on the Pitiful Condition of Humanity’s Self-appointed Rulers

Listening to the politicians and pundits talking after this election clearly demonstrates their self-importance is monumental and unrelenting. It’s not just their default mode of awareness, it’s their only mode.  Thus they have an impenetrable barrier between them and the source of all inspiration and creativity.  No inner silence for these clowns, and no original ideas, except for the ones they can buy or steal.  Hence the same reheated tired old agendas, world domination, techno-feudalism, mass thought control, resource monopolies, slavery disguised as “free markets”, mass human sacrifice disguised as war, epidemics, starvation, and “natural” disasters, etcetera blah.  They live in fear of getting discovered and overthrown.  They are utterly blind to their connection with the web of life, and the intrinsic generosity and benevolence of nature.  The mass awakening of humanity is leaving them behind, and they are oblivious to the many bandwidths of perception the rest of us are learning to access.  They are so obsessed with domination and avoiding punishment, it’s never occurred to them that most of the rest of us will be too busy evolving to waste time punishing anyone.  And anyway it’s hard to imagine a worse punishment than being what they already are.

Let’s distinguish the human activities which are in our long-term best interests from those that demonstrate inability to cooperate with Nature or each other.  Behaviors in the second category invariably start with self-absorption, or self-significance might be a more precise term.  If this is not immediately self-evident, choose some examples and trace the misbehaviors back to the mental state required to induce them.  In all cases self-significance will be the initial condition for self-destructive or other-destructive actions.  Bear in mind that self-significance can manifest as self-pity, self righteousness, attention-seeking compulsions, sheer bloody-mindedness, the indifferent obliteration of habitats, and assorted sociopathies.  Note that all of these conditions involve a reduction of awareness.

Their central premise, at some deep level, is to prevent us (The 99.5%) from ever getting a handle on what’s really going on.  So we can pretty well bet that if anyone actually has identified the underlying thing that blocks humanity from reaching its full potential, and described detailed countermeasures, their work would be widely dismissed as fiction by minions of those who want to prolong the prevailing imbalance of power and wealth.

How else can you explain some otherwise inexplicable human behaviors, like the tendency to act against our own best interests? Notice how this baffling phenomenon finally starts to make sense when examined in this context.  Consider the contradiction between the accomplishments of human ingenuity and the absurdities of human belief systems.  How can people be so clever and so stupid at the same time?  What makes someone who can be brilliant at solving problems turn around and cause idiotic problems in their interactions with others? The “ruling class” is probably as unaware of being controlled as most people, although some apparently believe they’re serving the devil or something.

While we’re working on throwing off this influence, it will be easier for us to be more patient with each other if we can recognize that our flares of uncontrolled self-importance are being provoked to nourish the invisible energetic equivalent of some giant fleas. So instead of condemning them, it makes more sense to just give them a wide margin and plan on working around their disability.  That is certainly a challenge if such cabalists have seized command and control of much of humanity’s basic operating systems. Thom Hartmann called it “Goldman Sachs’ global coup’de’tat”.

However, that challenge can be overcome simply by self-awareness and a mass awakening. To offset the trend toward mass awakening and peaceful coexistence, these elitists are making sure the threat levels keep getting ramped up, to the point where it takes the prospect of mass extinction to keep humans sufficiently self-absorbed, and now more and more of us are even seeing through that. The recent vote at the UN recognizing the Palestinian State as a non-member state was a very good example of this awakening to basic human rights. A time to move on and resolve issues.

Starting with The Arab Spring and the Occupy Movement, and extending to the latest Wal Mart and fast food worker demonstrations, people globally are becoming aware and awakened. Frankly, we’re just not as dumb as we used to be.  Despite all the efforts to lower human awareness, more and more people are seeing the light or at least less dark. The sheer over-reaching of the would-be controllers has pushed many people past their disinformation-tolerance threshold.  And certain key principles about information are finally catching on. These facts are now more widely recognized than ever, and humans are experiencing an unprecedented collective impulse toward bringing out the truth. From this reality, we have more and more people stepping forward to help “illuminate” the dark corners of our world and bring into the light, those that wish to remain hidden and unseen.

This is what we should be talking about over a beer and with our friends and co-workers.  We are awake now, so how do we take back humanity’s basic operating systems and retune them to function in a manner that creates a global peaceful co-existence where abundance is the reality, not scarcity? Well, it really does start with us simply exerting our will. Once we state our will out loud, the ways that will be manifested will simple “pop” into reality. Ask any quantum physicist.

 

SPECIAL THANKS to HOW TO SHAKE OFF THE AWARENIVORES by Waves Forest,  [January 2012] for stimulating our thought process and help framing this article.

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Financial Sector Resignations Continue.. This Phenomena Really Has Legs.

In a continuation of our previous article, we continue with the assistance of those previously acknowledged to follow this seemingly mass migration of senior financial experts globally.  This now far exceeds “normal attrition”.  If we are to believe Benjamin Fulford and others, this is the “taking down” of the cabal that has been responsible for the biggest theft of wealth in history. As we also said, the nature of these resignations is most telling.  Fifty-one percent resigned or stepped down, 26 percent retired, and only 9 percent left to take other jobs….

I would welcome anyone in “the know” to comment.  I know a lot of financial industry folks read this blog.  Maybe it is time and it may be the only time to contribute positively to this discussion and the events unfolding.

Certainly, the evidence is supporting that events are unfolding as Fulford and others are contending.  If that is so, then we should be seeing some sort of major media announcement within the next week.  We will continue to follow this closely.  It does seem important enough to pay close attention.

Also, if this is what is happening (a complete do-over of the global financial system), it is the most important event of our lifetimes.  Anyone who can help us understand this correctly is welcome to join the discussion.

3/07/12 (AUSTRALIA) Customers Ltd, Tim Wildash has cashed himself out as chief executive of Australia’s largest ATM operator
http://goo.gl/eZJMb

3/07/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns
http://goo.gl/ub0ke

3/07/12 (USA) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune
http://goo.gl/Zv6Ny

3/08/12 (UK)  Schroders, Chairman  Michael Miles  depart as fees, inflows drop. UK’s biggest fund management firm.
goo.gl/TgURM

3/08/12 (USA NY) Schroders, CIO Alan Brown is steps down
http://goo.gl/ZTtYo

3/08/12 (USA IL) CBOE Executive Patrick Fay Put on Leave Amid SEC Probe
http://goo.gl/x5snO

3/08/12 (USA NH & RI) Bristol County Savings Bank president E. Dennis Kelly retires after 35 years
http://goo.gl/8KVKn

3/08/12 (GERMANY) Clearstream Banking AG – Katja Rosenkranz To Leave Deutsche Börse Group [stockmarket]
http://goo.gl/RiVNi

3/08/12 (UK) B&CE CEO Brian Griffiths is to retire later this year
http://goo.gl/AV7Sk

3/08/12 (UK) Invesco Trimark Ltd, portfolio manager Dana Love has resigned.
http://goo.gl/MyQ90

3/08/12 (ISRAEL) Bank of Israel Governor Stanley Fischer will hand in his shock resignation in the coming days and take up a new position as head of the Bank of Zambia. Finance Minister Yuval Steinitz is believed to be furious with Fischer’s decision. Treasury officials said he even canceled his participation in the office’s annual Purim party in order to convince Fischer to reverse his decision.
http://goo.gl/0DlSA

3/08/12 (SOUTH AFRICA) Standard Bank Group Limited (SBK), board member Sir Paul Judge retires.
http://goo.gl/SjSPg

3/08/12 (SOUTH AFRICA) Standard Bank Groupl Limited (SBK), board member Sir Sam Jonah retires.
http://goo.gl/SjSPg

3/09/12 (MONGOLIA) Mongol Bank President Alag Batsukh submitted his resignation letter to Speaker of Parliament D. Demberel at the end of last month. He described his reason for resigning as a lack of support by Parliament.
http://goo.gl/RDmNx

3/09/12 (MONGOLIA) Asia Pacific Securities, General Manager Narantuguldur Saijrakh recently resigned, to focus on his role as Director of Khan Investment Management, investment advisor to the Khan Mongolia Equity Fund – the first open-ended investment vehicle with monthly dealing that invests in Mongolia related equities listed both domestically and internationally.
http://goo.gl/2T4R6

3/09/12 (Côte d’Ivoire) Banque Central des Etats d’Afrique de l’Ouest (BCEAO) The Ivorian governor of the multi-billion dollar West Africa Francophone bank, Philippe-Henry Dacoury-Tabley, resigned his post.
http://goo.gl/CevLn

3/09/12 (UK) Lazard , co-head of investment banking Alexis de Rosnay quits. De Rosnay specialises in the healthcare sector, he has advised Teva Pharmaceutical and Novartis.
http://goo.gl/3gzbi

3/09/12 (UK) Deutsche Bank PWM, UK head of portfolio management Martyn Surguy resigned.
http://goo.gl/5Ti2p

3/09/12 (UK) Deutsche Bank PWM, head of discretionary management, Kypros Charalambous, having also stepped down.
http://goo.gl/5Ti2p

3/09/12 (HONG KONG) Bank of America Merrill Lynch, K.J. Kim, responsible for Southeast Asia, resigned
http://goo.gl/sE7xh

3/09/12 (HONG KONG) Bank of America Merrill Lynch, Jimmy Choi, who was in charge of high-yield debt, resigned.
http://goo.gl/sE7xh

3/09/12 (HONG KONG) Bank of America Merrill Lynch, Leonard Ng, a vice-president in Hong Kong resigned.
http://goo.gl/sE7xh

3/09/12 (AUSTRALIA) Bank of Queensland CFO Ram Kangatharan plans to leave the bank.
http://goo.gl/ieNea

3/09/12 (USA) Cerberus Capital Management LP, CEO Robert Nardelli resigns.
http://goo.gl/9uKVx

3/10/12 (AUSTRALIA) WESTPAC, Rob Chapman opted to quit running its regional subsidiary St George Bank.
http://goo.gl/G6MD

3/10/12 (TURKEY) Garanti Bank, The deputy CEO of Turkish lender Tolga Egemen, has decided to quit.
http://goo.gl/vAMzV

3/10/12 (CHINA) Korea Development Bank, Shanghai unit senior manager Stella Wen resigned.
http://goo.gl/55CqZ

3/10/12 (HONG KONG) Deutsche Bank, Johan Sudiman resigns as director.
http://goo.gl/6CYGP

3/12/12 (USA) John Lewis Partnership Pension Trust, head of investments Andrew Chapman, resigns
http://goo.gl/hevqh

3/12/12 (USA CA) California’s Department of Financial Institutions, commissioner William Haraf resigned. The DFI did not say why he is leaving.
http://goo.gl/zquTc

3/12/12 (KUWAIT) Gulf Bank, Chairman Ali Rashaid Al Bader quits
http://goo.gl/LDz9b

3/12/12 (UK and IRELAND) Allfunds Bank, head of UK and Ireland Alan Gadd is stepping down from his role at the end of April.
http://goo.gl/4DF6i

3/12/12 (USA) ICAP, CEO of the electronic broking business David Rutter step down following a restructuring of the business.
http://goo.gl/SUHqW

3/12/12 (UK) SVG Capital, chairman Nicholas Ferguson resigns. His departure left him well placed to succeed James Murdoch as chairman of BSkyB should the latter bow to investor pressure and step down. Other investors in the satellite broadcaster suggested Ferguson might be seen as too close to Murdoch to win the support of institutional shareholders.
http://goo.gl/z19wH

3/12/12 (UK) Park Hill Group – Blackstone Group’s fundraising advisory arm, Managing Partner of private equity and hedge fund distribution Chris Leach resigns
http://goo.gl/jnHax

3/12/12 (UK) Park Hill Group – Blackstone Group’s fundraising advisory arm, Managing Partner Justin Bower resigns
http://goo.gl/jnHax

3/12/12 (UK)  The chief executive David Rutter of the electronic broking business at interdealer broker Icap stepping down.
http://goo.gl/sxk4y

3/12/12 (SOUTH AFRICA) The Development Bank of Southern Africa (DBSA), CEO Paul Baloyi resigns.
http://goo.gl/yX4xo

3/12/12 (USA) Lehman Brothers Holdings Inc, CEO Bryan Marsal Resigns Title, Remains on as Adviser
http://goo.gl/1K9zV

3/12/12 (USA IL) CME Group Inc, CEO Craig Donohues will step down at year end.
http://goo.gl/lvzgC

3/13/12 (USA) Eaton Vance Corp, Treasurer and CFO Robert J. Whelan has stepped down.
http://goo.gl/oxmbL

3/12/12 (USA IL) CBOE Holdings Inc. (CBOE), senior compliance executive Patrick Fay has resigned. The options exchange being investigated by the Securities and Exchange Commission, Fay had been placed on leave after the SEC began investigating the options-market operator’s oversight of traders.
http://goo.gl/gj4W6

3/13/12 (USA) Mithras Investment Trust, chairman Mike Wooderson will step down
http://goo.gl/UjO2e

3/13/12 (USA) PHH Mortgage, President Luke Hayden resigned from to pursue what the company calls “other interests.” http://goo.gl/iaqQf

3/13/12 (USA) PHH Mortgage, Treasurer Mark Johnson.resigned
http://goo.gl/iaqQf

3/13/12 (AUSTRALIA) WESTPAC, head of corporate affairs after David Bell decided to step down from the role. Bell is the latest top executive to leave the bank.
http://goo.gl/FntUz

3/13/12 (UK) Capula’s Systemic Trading Head Qiang Dai to Leave Fund
http://goo.gl/zkrN2

3/13/12 (UAE) National Bank of Abu Dhabi, CEO Michael Tomalin, will retire from the post in a few months.
http://goo.gl/dzBW8

3/13/12 (ISRAEL) Osem Investments Ltd, CEO Gazi Kaplan has tendered his resignation, effective April 2, citing heath reasons. Nestlé SA owns 58.8% of Osem.
http://goo.gl/t032l

3/13/12 (USA) Paulson & Co.’s, partner and head of the global bank team Robert Lacoursiere has quit to form his own hedge fund
http://goo.gl/I8UNd

3/13/12 (AUSTRALIA) ASX Ltd, Chairman David Gonski will step down from his role at Australia’s main stock market operator after being appointed to oversee almost A$90 billion ($95 billion) in the nation’s sovereign-wealth funds.
http://goo.gl/gJN33

3/13/12 (UK) JP Morgan, Asset Management European chief Jamie Broderick is to step down more than 20 years at the firm.
http://goo.gl/MV65V

3/13/12 (UK) SVG Chairman Nicholas Ferguson retires.
http://goo.gl/hTDDY

3/13/12 (UK) SVG Director Edgar Koning retires.
http://goo.gl/hTDDY

3/13/12 (UK) SVG Director Denis Raeburn retires.
http://goo.gl/hTDDY

3/13/12 (UK) SVG Director Francis Finlay retires.
http://goo.gl/hTDDY

3/14/12 (UK) Goldman Sachs, executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa, Greg Smith, is resigning today.
http://americankabuki.blogspot.com/2012/03/why-i-am-leaving-goldman-sachs.html

3/14/12 (SOUTH AFRICA) ABSA chairman Garth Griffin to retire
http://goo.gl/Mhjb5

3/14/12 (UK)  WorldSpreads, CEO Conor Foley  resigns
http://goo.gl/GgT4z

3/15/12 (US WA) HomeStreet Bank, EVP and CFO  David Hooston  resigns
goo.gl/UUlc0

3/15/12 (DENMARK)  Sparekassen Faaborg board member  Steen Grønved Nielsen  resigns
http://tinyurl.com/6rd3m74

3/15/12 (UK)  RBC Capital Markets head of SSA syndicate desk Noel Williams  resigns
http://tinyurl.com/7zcf4z8

3/15/12 (UK)  Novia London sales manager Dave Chassell  quits
http://tinyurl.com/7gx6sn2

3/15/12 (US CA)  Prosper Finance (online venture captial services) CEO  Chris Larsen  steps down
http://tinyurl.com/6lhu8xx

3/15/12 (UK)  The Royal British Legion’s (fund) director of corp. communications  Stuart Gendall  resigns
http://tinyurl.com/7bhtysl

3/15/12 (IRELAND)  President of Sinn Fein USA (fund)  Larry Downes  steps down
http://tinyurl.com/7uqnwcg

3/16/12 (AUSTRALIA)  Investorfirst CFO and company secretary  Ariel Sivikofsky resigns
http://tinyurl.com/7jdshty

3/16/12 (MALAYSIA)  Amanah Raya Bhd (trust) managing director  Datuk Ahmad Rodzi Pawanteh  steps down
http://tinyurl.com/7wbujpm

3/16/12 (UK) Towry (investment & fin. advice)  Non-exec chairman Glyn Jones steps down
http://tinyurl.com/83g3y8b

3/16/12 (GERMANY)  Deutsche Bank Chief risk officer (CRO)of  Hugo Bänziger  steps down
http://tinyurl.com/7pmal9k

3/16/12 (US IL)  Henderson Global Investors Inc. head of the International Opportunities Fund  Iain Clark  steps down
http://tinyurl.com/7kfxz3j

3/16/12 (US CA)  Executive VP and Chief Compliance Officer of Heritage Bank of Commerce  Margaret Incandela  resigns
http://tinyurl.com/6wcaqaz

3/16/12 (US VA)  Genworth Financial board member  J. Robert Kerrey  resigns to campaign for senate seat
http://tinyurl.com/7566f74

3/16/12 (UK)  CEO of the FSA (Financial Services Authority)  Hector Sants  to leave
http://tinyurl.com/7av7v5n>

3/19/12 (US IA)  ISU Foundation (fund), President and CEO of the  Dan Saftig  to step down
http://tinyurl.com/7jvb24x

3/19/12 (BRAZIL)  HSBC Brazil CEO Conrado Engel  steps down
http://tinyurl.com/89uayoo

3/19/12 (UAE)  Finance head at SNR Denton Islamic  Sheikh Muddassir Siddiqui  resignsto pursue advisory role
http://tinyurl.com/84avxch

3/19/12 (SWITZERLAND)  Julius Baer bank’s chairman  Raymond Baer  steps down in a “surprise departure”
http://tinyurl.com/84gcl3z

3/19/12 (GERMANY) Deutsche Bank, asset management chief  Kevin Parker  to leave executive committee
http://goo.gl/ahZlJ

3/19/12 (GERMANY) Deutsche Bank, head of private wealth management Pierre de Weck resigns from executive committee
http://goo.gl/wRZkU

3/19/12 (HONG KONG)  China Development Bank HK branch CEO  Di Weiping  retires
http://tinyurl.com/7xcskmp

3/19/12 (US ID)  SunTrust Bank president and CEO  Thomas Rueger  to retire
http://tinyurl.com/7n2l6sr

3/19/12 (SWEDEN)  AP6 (private equity) CEO  Marianne Dicander Alexandersson steps down
http://tinyurl.com/7bnvygp

3/19/12 (SWITZERLAND)  FINMA (Swiss Financial Market Supervisory Authority)  Vice-chair Monica Mächler  to step down
http://tinyurl.com/7r9akho

3/20/12 (KUWAIT)  National Investments Co. chairman  Yousef Al Majid  resigns
http://tinyurl.com/7maw3xx

3/20/12 (UK)  Bank of America, Co-head of distressed debt at  Michael Guy  resigns
http://tinyurl.com/75eml6v

3/20/12 (US PA)  Penseco Financial Services Corp, Former state senator Robert J. Mellow resigns from board
http://tinyurl.com/6rxqeo9

3/20/12 (US TX)  Acquisition chief Dan Magder  quits Lone Star Investments
http://tinyurl.com/6qm2rj4

3/20/12 (NIGERIA)  Chairman of House Committee on Capital Markets  Hon. Herman Hembe  resigns due to allegations of bribery
http://tinyurl.com/7r6dk54

3/20/12 (Hong Kong)  Head of Deutsche Bank Asia-Pac  Loh Boon Chye quits
http://tinyurl.com/6muckmq

3/20/12 (US NY)  Deutsche Bank, head of asset management  Kevin Parker  steps down from executive committee
goo.gl/4NO66

3/20/12 (GERMANY) Deutsche Bank, Chairman and CEO  Josef Ackermann exits with pension of €18.7 million
http://goo.gl/eiF39

3/20/12 (UK) Coller Capital, CEO Charles Hippsley has left to help lead a Christian organisation in London.
http://goo.gl/rVFz0

3/21/12 (GERMANY)  Deutsche Bank AG, Co-head Wolfgang Hammes  leaves
http://tinyurl.com/74ks8jk

3/21/12 (UK)  Aviva Investor’s European equity head  John Botham  exits
http://tinyurl.com/7qwlc26

3/21/12 (CANADA)  National Bank’s Ontaria, Atlantic region manager  Mike Miller leaves
http://tinyurl.com/7kq4bdp

3/21/12 (UK)  Royal Bank of Scotland Group’s global head of equity prime services  Gregory Wagner  resigns
http://tinyurl.com/6vz8f8k

3/21/12 (US DC)  Liquidity Services Inc, Chief information officer Eric Dean  resigns
http://tinyurl.com/7v2c4ku

3/22/12 (UK)  Global equity head Neil Rogan  resigns from Henderson Global Investors
http://tinyurl.com/7v2c4ku

3/22/12 (NETHERLANDS) CIO at Nedlloyd Pension Fund  Bert Tibben  step down
http://goo.gl/NHE94

3/22/12 (UK) Bank of America Corp, chairman of global banking and markets, Andrea Orcel steps down, goes to UBS
http://goo.gl/AVXL2

3/22/12 (UK) Bank of America Corp, Jonathan Moulds steps down, helped build the bank’s over-the-counter derivatives trading business and held positions including global head of rate derivatives trading, head of global derivatives and head of global rates and commodities.
http://goo.gl/AVXL2

3/25/12 (EGYPT) National Bank of Egypt, CEO Tarek Amer said that he will step down from his position at the end of 2012.
http://goo.gl/tC7Ma

It is not however just the number of resignations, but more interesting is the nature of how a lot of these players are exiting.  Consider this very revealing OP-ED piece from the New Times Opinion Page, which appeared on 14 March.  It is like the saying, when it walks like a duck, talks like a duck, and now THE DUCK himself says it’s a duck.  Well, you be the judge.

Op-Ed Contributor – New York Times Opinion Section

Why I Am Leaving Goldman Sachs By GREG SMITH, Published: March 14, 2012

TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.

To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for.

It might sound surprising to a skeptical public, but culture was always a vital part of Goldman Sachs’s success. It revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients. The culture was the secret sauce that made this place great and allowed us to earn our clients’ trust for 143 years. It wasn’t just about making money; this alone will not sustain a firm for so long. It had something to do with pride and belief in the organization. I am sad to say that I look around today and see virtually no trace of the culture that made me love working for this firm for many years. I no longer have the pride, or the belief.

But this was not always the case. For more than a decade I recruited and mentored candidates through our grueling interview process. I was selected as one of 10 people (out of a firm of more than 30,000) to appear on our recruiting video, which is played on every college campus we visit around the world. In 2006 I managed the summer intern program in sales and trading in New York for the 80 college students who made the cut, out of the thousands who applied.

I knew it was time to leave when I realized I could no longer look students in the eye and tell them what a great place this was to work.

When the history books are written about Goldman Sachs, they may reflect that the current chief executive officer, Lloyd C. Blankfein, and the president, Gary D. Cohn, lost hold of the firm’s culture on their watch. I truly believe that this decline in the firm’s moral fiber represents the single most serious threat to its long-run survival.

Over the course of my career I have had the privilege of advising two of the largest hedge funds on the planet, five of the largest asset managers in the United States, and three of the most prominent sovereign wealth funds in the Middle East and Asia. My clients have a total asset base of more than a trillion dollars. I have always taken a lot of pride in advising my clients to do what I believe is right for them, even if it means less money for the firm. This view is becoming increasingly unpopular at Goldman Sachs. Another sign that it was time to leave.

How did we get here? The firm changed the way it thought about leadership. Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence.

What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym.

Today, many of these leaders display a Goldman Sachs culture quotient of exactly zero percent. I attend derivatives sales meetings where not one single minute is spent asking questions about how we can help clients. It’s purely about how we can make the most possible money off of them. If you were an alien from Mars and sat in on one of these meetings, you would believe that a client’s success or progress was not part of the thought process at all.

It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,” sometimes over internal e-mail. Even after the S.E.C., Fabulous Fab, Abacus, God’s work, Carl Levin, Vampire Squids? No humility? I mean, come on. Integrity? It is eroding. I don’t know of any illegal behavior, but will people push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client’s goals? Absolutely. Every day, in fact.

It astounds me how little senior management gets a basic truth: If clients don’t trust you they will eventually stop doing business with you. It doesn’t matter how smart you are.

These days, the most common question I get from junior analysts about derivatives is, “How much money did we make off the client?” It bothers me every time I hear it, because it is a clear reflection of what they are observing from their leaders about the way they should behave. Now project 10 years into the future: You don’t have to be a rocket scientist to figure out that the junior analyst sitting quietly in the corner of the room hearing about “muppets,” “ripping eyeballs out” and “getting paid” doesn’t exactly turn into a model citizen.

When I was a first-year analyst I didn’t know where the bathroom was, or how to tie my shoelaces. I was taught to be concerned with learning the ropes, finding out what a derivative was, understanding finance, getting to know our clients and what motivated them, learning how they defined success and what we could do to help them get there.

My proudest moments in life — getting a full scholarship to go from South Africa to Stanford University, being selected as a Rhodes Scholar national finalist, winning a bronze medal for table tennis at the Maccabiah Games in Israel, known as the Jewish Olympics — have all come through hard work, with no shortcuts. Goldman Sachs today has become too much about shortcuts and not enough about achievement. It just doesn’t feel right to me anymore.

I hope this can be a wake-up call to the board of directors. Make the client the focal point of your business again. Without clients you will not make money. In fact, you will not exist. Weed out the morally bankrupt people, no matter how much money they make for the firm. And get the culture right again, so people want to work here for the right reasons. People who care only about making money will not sustain this firm — or the trust of its clients — for very much longer.

Greg Smith is resigning today as a Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa.

All I can say is I expect an exciting next few months.  I also think it needs to be said here that it also appears that there is a major effort by some very courageous people (like Greg Smith), who are taking great personal risk, to assist in this “cleansing”.  We owe them a large debt of gratitude.

The Most Likely Explanation of What’s Up in Denver

On the 22nd of September I gave everyone the “heads-up” of what is happening in Denver and elsewhere.  The DEFCON1 exercise, the major FEMA Disaster Drill in Denver now on-going, the convergence of dignitaries arriving in Denver from the 25th of September, the facts related to the seemingly lack of PTB activity world-wide, and the strange activities in the various financial markets world-wide.

The question was and still is, what the heck do they know and why are they not telling “us” what the heck is going on?  The internet is abuzz with all kinds of theories, and certainly the “disinformation” machine is also running full bore, so “something” is up for sure, but what exactly?

Our monitoring center has been operating 24 hours per day since we first noted all of this strange activity around 19 September.  At this point we feel it is prudent for us to go out on a limb and issue an event warning.  Understand, we are NOT anything other than awake common folks who wish only to inform as many people as possible to events that may affect their lives and that such information is NOT available in MSM, either because of incompetence or because there are “official” gag orders under the auspices of “security” interests.

THE WARNING

We now believe that there is a greater than 50% chance we are about to experience a massive Coronal Mass Ejection for the sun that will at minimum disrupt electrical delivery systems world-wide in a major way.  This is expected to occur sometime between tomorrow (September 25th) and October 1st.  This may or may not be enhanced by the position of Comet Elenin during that period.

We believe that an X class flare greater than 3 can be expected during this period.  If such a flare was earth directed during that period, then there will be major disruption in communications and power delivery.  Power outages would be severe and of long duration, more than 4-6 weeks in some areas of the world.

Behemoth sunspot 1302 unleashed another strong flare on Saturday morning–an X1.9-category blast at 0940 UT. NASA’s Solar Dynamics Observatory recorded the extreme ultraviolet flash. Sunspot 1302 is just rotating into earth view and will expose the earth to more of these large flares for at least a week to 10 days, at a minimum.

NASA and others are “downplaying” the probabilities, but we have monitored the solar activity for nearly three years and we have NEVER seen anything like 1302.  It is a monster and very geo-magnetically complex.

A solar flare is an explosion on the Sun that happens when energy stored in twisted magnetic fields (usually above sunspots) is suddenly released. Flares produce a burst of radiation across the electromagnetic spectrum, from radio waves to x-rays and gamma-rays. [more information]

Scientists classify solar flares according to their x-ray brightness in the wavelength range 1 to 8 Angstroms. There are 3 categories: X-class flares are big; they are major events that can trigger planet-wide radio blackouts and long-lasting radiation storms. M-class flares are medium-sized; they can cause brief radio blackouts that affect Earth’s polar regions. Minor radiation storms sometimes follow an M-class flare. Compared to X- and M-class events, C-class flares are small with few noticeable consequences here on Earth.

Each of the dark cores in this snapshot of 1302 from the Solar Dynamics Observatory is larger than Earth, and the entire active region stretches more than 100,000 km from end to end. The sunspot’s magnetic field is crackling with sub-X-class flares that could grow into a larger eruption as the sunspot continues to turn toward Earth.

New sunspot 1302 has already produced two X-flares (X1.4 on Sept. 22nd and X1.9 on Sept. 24th), can another be far behind? NOAA forecasters put the 24-hour probability at 20%. The sheer size of the active region suggests the odds might be even higher than that.

Being forewarned is also being prepared.  We are recommending everyone be prepared to be able to survive being without power for more than 1 week.  Stock up on food and water.  One of our major concerns deals with the fact that if the power outages are massive, then within a few days, water may not be delivered to you by conventional means, so water availability is the critical issue.

A single EMP event may seriously degrade or shut down a large part of the electric power grid in the geographic area of EMP exposure effectively instantaneously. There is also a possibility of functional collapse of grids beyond the exposed area, as electrical effects propagate from one region to another.

The time required for full recovery of service would depend on both the disruption and damage to the electrical power infrastructure and to other national infrastructures. Larger affected areas and stronger EMP field strengths will prolong the time to recover. Some critical electrical power infrastructure components are no longer manufactured in the United States, and their acquisition ordinarily requires up to a year of lead time in routine circumstances. Damage to or loss of these components could leave significant parts of the electrical infrastructure out of service for periods measured in months to a year or more.

There is a point in time at which the shortage or exhaustion of sustaining backup systems, including emergency power supplies, batteries, standby fuel supplies, communications, and manpower resources that can be mobilized, coordinated, and dispatched, together lead to a continuing degradation of critical infrastructures for a prolonged period of time.

Electrical power is necessary to support other critical infrastructures, including supply and distribution of water, food, fuel, communications, transport, financial transactions, emergency services, government services, and all other infrastructures supporting the national economy and welfare. Should significant parts of the electrical power infrastructure be lost for any substantial period of time, the consequences are likely to be catastrophic, and many people may ultimately die for lack of the basic elements necessary to sustain life in dense urban and suburban communities.

As always, we hope we are very wrong about this, but the evidence is strong enough to issue this warning.  I am actually looking forward to being totally wrong about this, but there is enough evidence to issue this warning.  Good Luck to all and remember to take care of your neighbors and those who can’t help themselves.

The Week of September 25th…What is going on?

I have written several articles chronicling how markets and banks, politicians and PTB have been moving and acting in the world.  Recently, I warned that as the markets, and now even countries, are on the verge of collapse, that Red Flag Operations may be resorted to by the PTB.

A Red Flag Operation is an act or set of events that are orchestrated by the PTB to re-focus US to their desired focus point and NOT have our attention focused on what is really going on.  I am not a conspiracist, but must admit I have always had many questions about the assassination of JFK and MLK. I think a lot of sensible people would admit the same.

I think we all now know how Ole GW got us into Iraq and consequently Afghanistan under the guise of WMDs.  I would also venture to say that we all know instinctively that the good ole boys on Wall Street criminally raped us blind and continue to do so.

But all of these past events pale given what may be potentially unfolding.  There is a flurry of disinformation out there and most of it is focused on Comet Elenin, Planet X, End of Days, etc.  However, I believe, as I have warned my readers, “don’t believe your lying eyes.”

What I believe is more important are these facts:

The insiders have vanished.  Chief executives, board members, and the head honchos gone, everywhere. These are the people who know.  Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands.  No longer is that happening. They’ve disappeared, almost overnight.

“They’ve stopped buying,” says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data. “Insiders aren’t buying this rally.” Insider stock purchases, which surged above $100 million a day in the market slump last month, have now collapsed to just $13 million a day.

Specifically I am talking about CEOS and Execs from these companies for example:

Sun Microsystems          Royal Bank of Scotland                 Bank Leumi of Israel
Lenovo                                Wellpoint                                            Ingersoll-Rand
Gasco                                   Syntel                                                   Motion Picture Television Fund
AgResearch                       Zain Telecom                                    Ethan Allen Institute
Uranium International Corp                                                     Argentina Central Bank
Hong Kong Exchanges & Clearing (CFO)

These are but a selection of over 200 “players” Biderman was referring to in his quote.  I selected these particular ones, not necessarily because they were the biggest, but they represent the universal nature of this sudden move.  The pervasiveness of who acted and how they all suddenly acted in the very same way is very strange and really cannot be explained as “normal market behavior.”

Even if there was insider information that a large market adjustment was coming, there would not be this universal and coordinated response.  However, rumors of a world-wide conflict “could” trigger just this response.  Historically, just prior to WWII and even Korea, similar financial moves were made.

It is true that during the week of September 25, Elenin will make its closest approach to earth. However, here is where it gets a bit interesting and beyond coincidence, President Obama leaves DC during this week to Denver.  FEMA and 101 Colorado agencies will have a major disaster drill in Denver on that week.  The US military will conduct Operation Cocked Pistol, a DEFCON1 exercise on 27 September in Denver!   Many NASA staff will arrive that week in Denver.  The CIA has announced moving 10,000 people to their new Denver offices.  There are multiple military trains loaded with tanks, personnel carriers, fuel trucks, etc., moving towards Denver as we speak.

The Senate and House of Reps will be out of DC during this week. They always take the month of August. This is the first time they are recessing again the next month.  The British Parlament leaves for recess for this week.   The main British royalty are nowhere to be found on these dates, no scheduled events.
The UN will be off during these dates.  The Russian Duma will be in recess during this week.  The pope will be off during this week.

These various events may be just one giant coincidence, but whew!  Those are a lot of facts coming together in a very strange way.  It seems everyone is getting the Hell outta of Dodge!

And let us not forget the bizarre cryptic words of President Obama during the 911 speech.
“Psalm 46 – 1 God is our refuge and strength, a very present help in trouble.
2 Therefore will not we fear, though the earth be removed,
and though the mountains be carried into the midst of the sea;
3 though the waters thereof roar and be troubled, though the mountains shake with the swelling thereof.”

I will let you all be the judge of this information, but at the risk of sounding like a fool, I think we should look at this closely.  In war there is one fact I know from personal experience, those with the least amount of knowledge are the first causalities of conflict.

 

Keepin’ Myself Honest

Beginning last June or so, I began focusing my blog on the economy, solar activity, natural disasters, and political instability on a global basis.  I tried to understand and focus current events to understand what the near future may hold for us all.  While I don’t try to make predictions, I do try to give people heads up on what I think is coming.I fully understand that there are thousands of sites, threads, and forums dedicated to these “ so-called” alternative news “outlets”.  However, I have no agenda or need for recognition nor any desire for monetary gain, just a desire to share my knowledge and experience, along with my daily efforts to monitor the WORLD events around us.However, such efforts must be evaluated by the facts to insure we are “seeing” the real important issues, and NOT the     and disinformation.  So how did we do?

Thanks to a wonderful article in Homeland Survival I will let you be the judge by evaluating what is considered 32 most important events of the year so far.

January:

New Year’s Eve, 2010 more than 5,000 dead red-winged blackbirds and starlings were found in Beebe, Arkansas.

3rd-5th) 100 tons of dead fish washed ashore the Brazilian coast, near the port of Paranagua. 2 million fish died in Chesapeake Bay, Maryland, thousands of dead turtle doves were found in Faenza, Italy.

Egypt, the most populous country in the Arab world, erupted in mass protests.

10th) At least 8 people are dead and over 70 missing after massive flooding ravages Brisbane, Australia.

Feburary:

14th) Unrest in Middle East Spreads to Bahrain

14th) Sun Erupts With Most Powerful Solar Flare in Four Years

22nd) A 6.3-magnitude earthquake hits Christchurch, New Zealand, killing at least 75 people.

March:

19th) No-Fly Zone is Imposed in Libya

11th) Massive 9.0 Magnitude Earthquake and Tsunami Devastate Japan

April:

1st) Possible Shutdown of Federal Government Goes Down-to-the-Wire

27th) Series of Tornadoes Devastate Southern States. In one of the worst U.S. tornado seasons, 137 reported tornadoes sweep through the south, killing nearly 300 people in six states.

May:

5th) Floods Force Evacuations along the Ohio and Mississippi Rivers

22nd) One of the Deadliest Tornados in U.S. History Hits Joplin, Mo.

June:

1st) Tornados Continue to Strike in the U.S. For the first time in three years, seven tornadoes touch down in Massachusetts.

3rd) Unemployment Rises as Job Growth Slows

5th) Toxic E. Coli Outbreak Linked to German Sprouts

6th) Flooding in Iowa Forces Hundreds to Flee

11th) Wildfires Rage Through East Arizona. Two fires in Arizona merge into one runaway 600-square-mile blaze becoming the largest fire in Arizona’s history.

July:

1st) Minnesota Government Shuts Down

1st) New Mexico Wildfire Rages On

22nd) Two Related Terrorist Attacks Shock Norway

August:

1st) Last Minute Deal Reached to End Debt Crisis

5th) Standard & Poor’s Lowers the U.S. Credit Rating

6th) Violent Riots Spread Throughout Britain

8th) Stocks Nosedive After U.S. Credit Rating Is Lowered

8th) Mystery orange goo invades Alaska village

11th) East Africa Hit with Worst Drought in 60 Years

Heat wave in Texas grips state with 100 degree temperatures for over a month

23rd)  5.8 Virginia earthquake shakes east coast

26th) Hurricane Irene hits the east coast, millions lose power.

September:

Texas Wildfires destroy 1554 homes

8th) Power outage leaves 1.5 million in the dark in California, Arizona and Mexico

*9th) Four Major Solar CMEs and X-Ray events with more predicted in the next four to six days.

*11th) President Obama gives an almost cryptic warning in his 9/11 address.  Everyone should re-listen to that address in context to what you just reviewed.  * added by this editor since article was published.

Natural disasters, unexplained events, historic drought and flooding, economic uncertainty, civil unrest, and terrorism are the things we may face at anytime. You may not have been directly affected by the events listed here but events around the world can quickly change our daily life. We don’t know what tomorrow will bring but as we have seen so far this year, it might be a good idea to be prepared for whatever tomorrow brings.

Given the predictions for the increase in solar activity and the almost certain collapse of the EU within the next month I would hope we are ready.  On the financial side, I hope you are all sitting on the sidelines with your popcorn watching the show.  The markets are no place for arm chair investors right now.  Hell, it’s no place for pros either right now.

On the survival side, simply think what you need to do if you have no power for say 2 weeks and prepare for that contingency.  I think we have more than a 60% chance of that happening in the next thirty days.

However, even more important than all these things, I think you should not believe your lyin’ eyes as you watch the news for the next 30 days.  As political and financial system begin this final collapse phase of business as usual, in the PTB circles, things are beginning to be a bit frantic.  Just remember desperate people do desperate things.

Ultimately though, take care of each other.  We all act as one in face of challenges and disasters.  This must now, unfortunately, become daily habit.  We are all really in this together.  Live peacefully in love and compassion.  It really is the most important contribution you can make to getting things “right”.

What Goes Up….! Where is the Down?

A lot of people lament the lack of upward mobility in the U.S. right now and I share those sentiments. However, equally important is downward mobility. What makes the concept of America unique is not merely the concept that the poor can become rich but that the rich can become poor. It is this second part that is the most dangerous to social cohesion when it disappears. Unfortunately, the system that we have today of an unholy alliance between Wall Street, Washington D.C. and the multi-national corporations (including the military industrial complex of course) stands there holding onto all the levers of power to serve as gatekeepers of their own empires.

Consider this when we think about how the game is “rigged” right now.  From Matthew Cardinale of the
Inter Press Service on  28 Aug 2011.

Atlanta, Georga: The first-ever audit of the U.S. Federal Reserve has revealed 16 trillion dollars in secret bank bailouts and has raised more questions about the quasi-private agency’s opaque operations.   “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else,” U.S. Senator Bernie Sanders, an Independent from Vermont, said in a statement.   The majority of loans were issues by the Federal Reserve Bank of New York (FRBNY).

“From late 2007 through mid-2010, Reserve Banks provided more than a trillion dollars… in emergency loans to the financial sector to address strains in credit markets and to avert failures of individual institutions believed to be a threat to the stability of the financial system,” the audit report states.  “The scale and nature of this assistance amounted to an unprecedented expansion of the Federal Reserve System’s traditional role as lender-of-last-resort to depository institutions,” according to the report.   The report notes that all the short-term, emergency loans were repaid, or are expected to be repaid.

The emergency loans included eight broad-based programs, and also provided assistance for certain individual financial institutions. The Fed provided loans to JP Morgan Chase bank to acquire Bear Stearns, a failed investment firm; provided loans to keep American International Group (AIG), a multinational insurance corporation, afloat; extended lending commitments to Bank of America and Citigroup; and purchased risky mortgage-backed securities to get them off private banks’ books.

Overall, the greatest borrowing was done by a small number of institutions. Over the three years, Citigroup borrowed a total of 2.5 trillion dollars, Morgan Stanley borrowed two trillion; Merryll Lynch, which was acquired by Bank of America, borrowed 1.9 trillion; and Bank of America borrowed 1.3 trillion.  Banks based in counties other than the U.S. also received money from the Fed, including Barclays of the United Kingdom, the Royal Bank of Scotland Group (UK), Deutsche Bank (Germany), UBS (Switzerland), Credit Suisse Group (Switzerland), Bank of Scotland (UK), BNP Paribas (France), Dexia (Belgium), Dresdner Bank (Germany), and Societe General (France).

“No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the President,” Sanders wrote.   In recent days, Bloomberg News obtained 29,346 pages of documentation from the Federal Reserve about some of these secret loans, after months of fighting in court for access to the records under the Freedom of Information Act.  Some of the financial institutions secretly receiving loans were meanwhile claiming in their public reports to have ample cash reserves, Bloomberg noted.   The Federal Reserve has neither explained how they legally justified several of the emergency loans, nor how they decided to provide assistance to certain firms but not others.

“The main problem is the lack of Congressional oversight, and the way the Fed seemed to pick winners who would be protected at any cost,” Randall Wray, professor of economics at University of Missouri- Kansas City, told IPS.   “If such lending is not illegal, it should be. Our nation really did go through a liquidity crisis – a run on the short-term liabilities of financial institutions. There is only one way to stop a run: lend reserves without limit to all qualifying institutions. The Fed bumbled around before it finally sort of did that,” Wray said.

“But then it turned to phase two, which was to try to resolve problems of insolvency by increasing Uncle Sam’s stake in the banksters’ fiasco. That never should have been done. You close down fraudsters, period. The Fed and FDIC (Federal Deposit Insurance Commission) should have gone into the biggest banks immediately, replaced all top management, and should have started to resolve them,” Wray said.

For many years conventional wisdom has said that the whole world is controlled by the monied elite, or more recently by the huge multi-national corporations that seem to sometime control the very air we breathe. Now, new research by a team based in ETH-Zurich, Switzerland, has shown that what we’ve suspected all along, is apparently true. The team has uploaded their results onto the preprint server arXiv.

Using data obtained (circa 2007) from the Orbis database (a global database containing financial information on public and private companies) the team, in what is being heralded as the first of its kind, analyzed data from over 43,000 corporations, looking at both upstream and downstream connections between them all and found that when graphed, the data represented a bowtie of sorts, with the knot, or core representing just 147 entities who control nearly 40 percent of all of monetary value of transnational corporations (TNCs).

When we look to the East and watch our Arab brothers struggle against tyranny, I don’t think we connect their struggle to us.  However, I assure you that the roots of that struggle was economic slavery, not unlike we, both in the US and the EU, are rapidly marching (or is it being herded?) toward at this very minute.

As we awaken to these facts, it is apparent that the PTB, who wish to continue their “project”, are having more and more of a difficult time unfolding “their solutions” to our problems.  You know “solutions’ like raiding retirement and pension funds, eliminating worker’s unions, ending any “social programs” of any kind.

Probably the most important news story of September 7th won’t be reported by International MSM.  No, it won’t be Obama’s speech on Jobs, nor will it be the outcome of the first games in the NFL.  It will be this.

Seething discontent in Germany over Europe’s debt crisis has spread to all the key institutions.  German Chancellor Angela Merkel no longer has enough coalition votes in the Bundestag to secure backing for Europe’s revamped rescue machinery, threatening a constitutional crisis in Germany and a fresh eruption of the euro debt saga.

Mrs. Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country’s constitutional court rules on the legality of the EU’s bail-out machinery.   If the court rules that the €440bn rescue fund (EFSF) breaches Treaty law or undermines German fiscal sovereignty, it risks setting off an instant brushfire across monetary union.

The seething discontent in Germany over Europe’s debt crisis has spread to all the key institutions of the state. “Hysteria is sweeping Germany ” said Klaus Regling, the EFSF’s director.  German media reported that the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel’s own coalition plan to vote against the package, including twelve of the 44 members of Bavaria’s Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.

Christian Wulff, Germany’s president, stunned the country last week by accusing the European Central Bank of going “far beyond its mandate” with mass purchases of Spanish and Italian debt, and warning that the Europe’s headlong rush towards fiscal union strikes at the “very core” of democracy. “Decisions have to be made in parliament in a liberal democracy. That is where legitimacy lies,” he said.

A day earlier the Bundesbank had fired its own volley, condemning the ECB’s bond purchases and warning the EU is drifting towards debt union without “democratic legitimacy” or treaty backing.  Joahannes Singhammer, leader of the CSU’s Bundestag group, accused the ECB of acting “dangerously” by jumping the gun before parliaments had voted. The ECB is implicitly acting on behalf of the rescue fund until it is ratified.

Mrs. Merkel faces mutiny even within her own Christian Democrat (CDU) family. Wolfgang Bossbach, the spokesman for internal affairs, said he would oppose the package. “I can’t vote against my own conviction,” he said.   The Bundestag is expected to decide late next month on the package, which empowers the EFSF to buy bonds pre-emptively and recapitalize banks. While the bill is likely to pass, the furious debate leaves no doubt that Germany will resist moves to boost the EFSF’s firepower yet further. Most City banks say the fund needs €2 trillion to stop the crisis engulfing Spain and Italy.   Mrs. Merkel’s aides say she is facing “war on every front”. The next month will decide her future, Germany’s destiny, and the fate of monetary union.

I make all these points because we must think clearly and precisely now.  No politics, nor economic religion, just fix this now, and we can.  We start by taking some people DOWN.  Start to put some balance back into the equation.  I think the audit of the FED would be an excellent place to start that quest.

Secondly, we must be informed voters and place candidates that understand clearly the goals of restoring balance into our global economy through prudent but thorough regulatory changes.  That must, by its nature, start with the political process elements of our societies.   I cannot think of anything more important to you on a personal basis than this.

 

Finally A Step in the Right Direction

As a followup to my previous post calling out the fact that not one single bankster or Wall Street financial thug has been prosecuted for the giant fraud and ponzi schemes foisted on the world’s economy, it now appears that at least some in CONgress are beginning to fear the wrath of the people.  This is a start, but I suspect it will still be a long time before any of these crooks actually see jail time.  We all can help the process a bit by letting our Representatives and Senators that we demand justice.  They either do the right thing or we will do the right thing come next election.

This just released:

“They clearly misled their clients and they misled the Congress,”  Senator Levin added, announcing that he will recommend that his panel refer all of the Goldman executives who testified before the committee for criminal prosecution by the Justice Department and for sanctions by the SEC for violations of securities laws.

This is a fairly detailed and lengthy piece by Shahien Nasiripour.  It is worth reading in full at its source.  The only thing missing from Levin’s report is a perjury recommendation for Henry Paulson who lied before Congress repeatedly during various testimony given in 2007 and 2008 – see the right column of this website to watch his lies for yourself. Here’s the link: http://www.huffingtonpost.com/2011/04/14/goldman-financial-crisis-prosecution_n_848994.html

Huff Po

WASHINGTON — Goldman Sachs executives deceived clients in order to profit off the brewing financial crisis and then misled Congress when asked to explain their actions, concluded a top lawmaker who led a two-year investigation into Wall Street’s role in the meltdown.

Carl Levin, chair of the Senate Permanent Subcommittee on Investigations, will recommend that Goldman executives who testified before his panel, including chairman and chief executive Lloyd Blankfein, be referred to the Justice Department for possible criminal prosecution, the Michigan Democrat announced Wednesday. Members of the subcommittee will now deliberate Levin’s proposal.

A Goldman spokesman said its executives were truthful in their testimony, adding that the firm disagreed with many of the panel’s conclusions.

Two and a half years after a historic crisis that has yielded not a single criminal conviction of anyone who played a leading role in causing it, the prosecution of such a high-profile Wall Street executive may satisfy the public’s desire to see culprits brought to justice. Last year, the Securities and Exchange Commission settled a lawsuit it had brought against Goldman.

But the firm was just one target of a sweeping, 639-page report by the Senate panel into the causes of the crisis. Hardly a fluke occurrence, the meltdown was the product of a deeply corrupt financial system, one fueled by profit-hungry banks that deceived their clients, and overseen by lax regulators who were complicit in the firms’ chronic abuse of the most fundamental rules of the game, the report concludes.

The investigation found a “financial snake pit rife with greed, conflicts of interest, and wrongdoing,” Levin said.

More than any other government report produced in the wake of the crisis, this account names names, blaming specific people and institutions: Goldman Sachs, Washington Mutual, Moody’s Investors Service, Standard & Poor’s, the Office of Thrift Supervision and others. It targets four types of institutions, all of which it says played key roles in causing the crisis: mortgage lenders that offered prospective homeowners booby-trapped loans; regulators that were paid by the institutions they were regulating and cooperated in widespread deception; rating agencies that gave seals of approval to products they knew to be especially risky, all in the pursuit of market share; and Wall Street banks that duped investors into buying securities that only the insiders knew were destined to go bad.

“They clearly misled their clients and they misled the Congress,” he added, announcing that he will recommend that his panel refer all of the Goldman executives who testified before the committee for possible criminal prosecution by the Justice Department and for sanctions by the SEC for violations of securities laws.

This is a very rare time when YOU can really make a difference in the world.  Everybody call, write, email your Representatives and Senators and demand that they not only support the committee on this effort, but that they also continue hound the Justice Department to fully, completely, and swiftly investigate and prosecute these crooks.  These crooks have all but destroyed our future with their greed.  WE WANT OUR MONEY BACK!!!!