Skip to main content

Neoliberal cannibalism: free market fundamentalists start a transatlantic civil war


Finally, it is more than obvious. The banking/corporate transatlantic civil war has started, with highly uncertain results. Furthermore, this is probably the best proof that the banking/corporate crony establishment has completely taken over the institutions, which are now being used for its inner war:

       “Just a few weeks after the EU slapped Apple with a $14 billion bill for 'back taxes,' the U.S. has apparently responded with a $14 billion fine of their own to Deutsche Bank to settle an outstanding probe into the company's trading of mortgage-backed securities during the financial crisis. According to the Wall Street Journal, the proposed settlement would be largest fine paid by any of the banks related to similar charges. Unfortunately for DB, the fine is roughly equal to it's entire market cap and the stock is plunging nearly 8% in after hours trading.” [zerohedge]

Recall that, according to the US Financial Crisis Inquiry Commission (FCIC) report, Merrill Lynch and Citigroup together with Goldman Sachs, are those responsible for the "creation" of 30% of the destructive financial "tools" known as CDOs during 2004-2007, which contributed significantly to the creation of the housing bubble in US. Two more banks which had significant presence in CDOs that time are Deutsche Bank and UBS.

The two most obvious questions one could ask immediately here is, 1st: why the US authorities waited more than five years since the FCIC findings to fine Deutsche Bank? and, 2nd: why they actually ignored the other US megabanks that played the most crucial role in the 2007-08 financial crisis? Note that, Elizabeth Warren recently demanded some answers about this issue.

The most obvious answer is that the transatlantic war between the US banks/corporations and (mostly) the German ones (that actually control the EU through the German sado-monetarists), is taking place for a few years now, probably on the occasion of the transatlantic agreements and especially TTIP. Therefore, the US banking/corporate establishment was holding the card of Deutsche Bank involvement in the financial crisis, in order to use it if and when would be necessary.

Note also that recently, Germany's Economy Minister Sigmar Gabriel stated that “In my opinion, the negotiations with the United States have de facto failed, even though nobody is really admitting it,”.

He also accused the US of being "angry" about the deal that the EU struck with Canada, known as CETA. He said US officials believe that CETA contains elements that Washington does not want to see in the TTIP, AP reported. “We mustn't submit to the American proposals,” said Gabriel, who is also Germany's Vice Chancellor and the head of the country’s center-left Social Democratic Party.

Also, the response of the US authorities comes at a time where Deutsche Bank is significantly exposed to derivatives worth trillions.

The survivors of this war will re-write the transatlantic agreements according to their interests. Then, they will try to pass them through a new round of intense lobbying on controlled politicians. People must continue to fight against these agreements created by the neoliberal "jihadists", until the final victory.

Comments

Popular posts from this blog

Jeff Bezos and Elon Musk among the biggest billionaire profiteers of the COVID-19 pandemic

globinfo freexchange

A new report by the Institute for Policy Studies, shows that between January 1, 2020 and April 10, 2020, 34 of the US’s wealthiest 170 billionaires have seen their wealth increase by tens of millions of dollars.

Eight of these billionaires —Jeff Bezos (Amazon), MacKenzie Bezos (Amazon), Eric Yuan (Zoom), Steve Ballmer (Microsoft), John Albert Sobrato (Silicon Valley real estate), Elon Musk (Tesla and SpaceX), Joshua Harris (Apollo Global Management), and Rocco Commisso (Mediacom) — have seen their net worth surge by over $1 billion.

The Jeff Bezos Wealth Surge is an unprecedented dynamic in the history of modern markets. Tracking Bezos’ wealth requires a real-time hour-by-hour tracker. As of the publication of the report [April 23, 2020], Bezos’ wealth has increased over $25 billion since January 1, 2020 and $12 billion since February 21st, 2020, the beginning of the Covid-19 pandemic. 
The stock market crash initially left Bezos’ net worth deeply damaged, down to…

It has started: Greece becomes the blueprint for the 21st century corporate feudalism

globinfo freexchange
Greece has just become the blueprint for the 21st century corporate feudalism through a preposterous environmental bill passed on Tuesday.
Just when the neoliberal government lifted most of the restriction measures that were imposed to deal with the COVID-19 pandemic crisis, it rushed to pass the bill through unconstitutional actions. These have been strongly condemned by the main opposition party, SYRIZA.
As reported by the Associated Press:
Greek lawmakers approved a controversial environmental bill Tuesday that the opposition and environmental groups slammed for opening the door to exploratory oil and gas drilling in protected areas.

[...]

On the eve of the vote, Greenpeace and the World Wildlife Fund said they had collected 30,000 signatures in an online petition against the legislation, which they say will remove vital safeguards for environmental protection.

Beyond the drilling, this legislation is deeply problematic in many areas, as has already been estab…

New court files expose Sheldon Adelson’s security team in US spy operation against Julian Assange

An exclusive investigation by The Grayzone reveals new details on the critical role Sheldon Adelson’s Las Vegas Sands played in an apparent CIA spying operation targeting Julian Assange, and exposes the Sands security staff who helped coordinate the malicious campaign.
by Max Blumenthal
I was the CIA director. We lied, we cheated, we stole.

–Mike Pompeo, College Station, TX, April 15, 2019
Part 2 - Pompeo outlines the attack on Assange
Pompeo’s first public speech as CIA Director, hosted at the Washington DC-based Center for Strategic and International Studies think tank on April 13, 2017, was one of the most paranoid and resentful addresses ever delivered by an agency chief.
The former Republican congressman from Kansas opened his speech with an extended tirade against the “Philip Agees in the world,” referring to the CIA whistleblower who handed over thousands of classified documents to leftist publishers that revealed shocking details of illegal US regime change and assassination …

The neoliberal machine mocks Millennials and Gen Xers through a documentary about Bernie's awful mistreatment by the corporate media!

globinfo freexchange
Now that the "Bernie Sanders" threat for the establishment has been neutralized (for a second time), the neoliberal machine is free to pretend that it cares about the truth.
Kyle Kulinski speaks about a new documentary by VICE about the media bias against Bernie Sanders. Although the doc trailer is pretty impressive, Kulinski starts with a pretty remarkable argument he saw on Twitter:
                         Credit to VICE. Thank you for this documentary. Curious how it released after Bernie dropped out. 

Kulinski finds that the mainstream media still have enough power to neutralize an undesirable candidate, as they did with Bernie, despite the fact that most of the people don't trust them. He also explains the demographics of this year's race for the leadership of the Democratic party.

As he supports, Millennials and Gen Xers overwhelmingly supported Bernie Sanders against the Baby Boomers and the Silent Generation (in which Bernie actually be…

Το κίνημα Slow News: η απάντηση στα Fake News?

globinfo freexchange
Στον θαυμαστό καινούργιο κόσμο, ο αβάσταχτος όγκος πληροφοριών που καταναλώνουμε καθημερινά έχει γεννήσει ένα δυστοπικό παράδοξο: την ίδια στιγμή, αμφισβητούμε και πιστεύουμε τα πάντα. Το μυαλό μας έχει βυθιστεί σε μια δίνη από tweets, αναρτήσεις, βίντεο, hoaxes και fake news.
Τα τελευταία χρόνια, σε διάφορα μέρη του πλανήτη, νησίδες αντίστασης έρχονται στην επιφάνεια. Ολιγομελείς ομάδες ανεξάρτητων δημοσιογράφων αγωνίζονται να οικοδομήσουν ένα εναλλακτικό μοντέλο πληροφόρησης, το οποίο βασίζεται σε μια εξαιρετικά απλή αρχή: πρέπει να κόψουμε ταχύτητα. Ένα μαχητικό ντοκιμαντέρ που έχει βαλθεί να αποδείξει ότι η δημοσιογραφία παραμένει ο βασικός πυλώνας της δημοκρατίας.
https://www.filmfestival.gr/el/section-tdf/movie/1047/13001


Το ενδιαφέρον αυτό ντοκιμαντέρ του Alberto Puliafito, ερευνά ένα νέο είδος δημοσιογραφίας που γεννήθηκε από την ανάγκη για δημοσιογραφική αυθεντικότητα μέσα στο σημερινό, χαοτικό μιντιακό τοπίο.
Σε ένα σύστημα που χαρακτηρίζεται από μια αδι…

New court files expose Sheldon Adelson’s security team in US spy operation against Julian Assange

An exclusive investigation by The Grayzone reveals new details on the critical role Sheldon Adelson’s Las Vegas Sands played in an apparent CIA spying operation targeting Julian Assange, and exposes the Sands security staff who helped coordinate the malicious campaign.
by Max Blumenthal
I was the CIA director. We lied, we cheated, we stole.

–Mike Pompeo, College Station, TX, April 15, 2019
Part 3 - Journey to “the dark side”
On February 26, 2017, Wikileaks announced the forthcoming release of a major tranche of CIA files revealing details of the agency’s hacking and electronic surveillance tools. One such spying application called “Marble” allowed agency spies to implant code that obfuscated their identity on computers they had hacked. Other files contained evidence of programs that allowed hackers to break into encrypted messaging applications like Signal and Telegram, and to turn Samsung smart TVs into listening devices. 
Two days after Wikileaks’ initial announcement, on February …

Τίποτα δεν σταματάει το νεοφιλελεύθερο "οδοστρωτήρα" τους ...

globinfo freexchange
Αφού τελείωσαν τα χειροκροτήματα για τους γιατρούς του Εθνικού Συστήματος Υγείας, ο Μητσοτάκης επέστρεψε στην "κανονικότητα" της αποστολής του, που, με λίγα λόγια, είναι η ιδιωτικοποίηση και το ξεπούλημα των πάντων. Έτσι, μετά το διάλειμμα λόγω πανδημίας, φανέρωσε και πάλι το πόσο αδημονεί να οδηγήσει το Εθνικό Σύστημα Υγείας στο δρόμο της ιδιωτικοποίησης.
Όπως αναφέρει το tvxs.gr:
                         Δεν πρόλαβαν να περάσουν λίγες μέρες από την άρση του Lockdown και την απομάκρυνση, σε πρώτη φάση, του σοβαρού υγειονομικού κινδύνου της πανδημίας, και ο Κυριάκος Μητσοτάκης επανέφερε τα σχέδια για ιδιωτικοποίηση του ΕΣΥ, εγκαταλείποντας τα «χειροκροτήματα» και τις αναφορές στους «ήρωες» υγειονομικούς και στη σημασία του δημόσιου συστήματος υγείας. Παρά το «σκληρό μάθημα» που έδωσε η πανδημία στους νεοφιλεύθερους λάτρεις της «αγοράς», φαίνεται πως η κυβέρνηση δεν εγκατέλειψε ποτέ τους αρχικούς σχεδιασμούς της, παρά τον τρόπο που το δημόσιο σύστημα υγεία…

Δεν τους βγαίνει με τίποτα η "στρατηγική ήττα" ...

globinfo freexchange
Τα πράγματα φαίνεται να εξελίσσονται σχεδόν όπως τα είχαμε προβλέψει.
Όπως είχαμε επισημάνει ήδη από τα μέσα Απριλίου, στο επόμενο διάστημα αναμένεται να δούμε νέες, αλλεπάλληλες "φουσκωμένες" δημοσκοπήσεις από την φιλοκυβερνητική μηχανή προπαγάνδας, ώστε να προετοιμαστεί ψυχολογικά το κοινό για το επικείμενο αποτέλεσμα των εθνικών εκλογών.
Στις δημοσκοπήσεις αυτές θα βλέπουμε ενδεχομένως την ψαλίδα μεταξύ ΝΔ και ΣΥΡΙΖΑ συνεχώς να μεγαλώνει, με μια ταυτόχρονη πτώση του ποσοστού του κόμματος της αξιωματικής αντιπολίτευσης, σε βαθμό που να δικαιολογεί την στρατηγική του ήττα.  
Ωστόσο, το 20,3% του ΣΥΡΙΖΑ, δεν συνιστά στρατηγική ήττα στο βαθμό που επιθυμεί το καθεστώς και η ντόπια ολιγαρχία, εν όψει μάλιστα και απλής αναλογικής. Οπότε θα πρέπει να αναμένουμε στο αμέσως επόμενο διάστημα ένα νέο βομβαρδισμό από δημοσκοπήσεις στις οποίες το ποσοστό του κόμματος της αξιωματικής αντιπολίτευσης θα "ροκανίζεται" σταδιακά, έτσι ώστε να δημιουργηθεί το κ…

How the USA erased the USSR victory over Nazi Germany

Moderate Rebels
The Soviet Union played the leading role in defeating Nazi Germany in World War II, but the US government has tried to erase its unimaginable sacrifice. Historian Peter Kuznick discusses the real history of WWII, and how 80% of Nazis were killed on the Eastern Front with the USSR.

COVID-19 took Chicago black lives first & exposed structural racism

Democracy Now!
The coronavirus pandemic's disproportionate toll on African Americans through the story of Chicago's first 100 recorded deaths. 
A report by ProPublica found that 70 of the first 100 people to die were African American. Black people account for 30% of Chicago's population and 72% of COVID-19 deaths.
ProPublica reporter Adriana Gallardo, who contributed to the report "COVID-19 Took Black Lives First. It Didn't Have To.", says the story paints a picture of "sophisticated structural racism" in Chicago.