Your browser does not support the HTML5 canvas tag.
Εγχειρίδιο χειρισμού κρίσεων λόγω πολιτικών ΔΝΤ από τη CIA! / Already confirmed: Civil liberties under attack! / Greece's creditors gone completely insane! / How the global financial mafia sucked Greece's blood / ECB's economic hitmen / Η Μέρκελ επιβεβαιώνει τα σχέδια των γραφειοφασιστών! /Greece: the low-noise collapse of an entire country/ How the neoliberal establishment tricked the masses again, this time in France / Ενώ η Γερμανία προετοιμάζεται για τα χειρότερα, η Ελλάδα επιμένει στο ευρώ! / Ένας παγκόσμιος "proxy" πόλεμος κατά της ελευθερίας έχει ξεκινήσει! / McCarthyism 2.0 against the independent information / Ο επικεφαλής του "σκιώδους συμβουλίου" της ΕΚΤ επιβεβαιώνει ότι η ευρωζώνη είναι μια χρηματοπιστωτική δικτατορία! / Venezuela case as an emphatic example of why the mainstream media propaganda in the West was so successful in previous decades / Δημοψήφισμα για Grexit: η τελευταία ευκαιρία να σωθεί η Ελλάδα και η τιμή της Αριστεράς / Populism as the new cliche of the elites to stigmatize anyone not aligned with the establishment / Δεν γίνεται έτσι "σύντροφοι" ... / Panama Papers: When mainstream information wears the anti-establishment mask / The Secret Bank Bailout / The head of the ECB “shadow council” confirms that eurozone is a financial dictatorship! / A documentary by Paul Mason about the financial coup in Greece / The ruthless neo-colonialists of 21st century / First cracks to the establishment by the American people / Clinton emails - The race of the Western neo-colonialist vultures over the Libyan corpse / Επιχείρηση Panama Papers: Το κατεστημένο θέλει το μονοπώλιο και στις διαρροές; / Operation "looting of Greece" reaches final stage / Varoufakis describes how Merkel sacrificed Greece to save the Franco-German banks / France officialy enters the neo-Feudal era! / The US establishment just gave its greatest performance so far ... / A significant revelation by WikiLeaks that the media almost ignored / It's official: the US is funding Middle-East jihadists! / Οι αδίστακτοι νεο-αποικιοκράτες του 21ου αιώνα / How to handle political unrest caused by IMF policies! / Πώς το νεοφιλελεύθερο κατεστημένο ξεγέλασε τις μάζες, αυτή τη φορά στη Γαλλία / Οι Γάλλοι νεοαποικιοκράτες επιστρέφουν στην Ελλάδα υπό 'ιδανικές' συνθήκες

04 February, 2017

Frenzy celebrations by the Wall Street mafia for achieving primary target, thanks to Donald Trump!

Banksters must be drowning in champagne right now!


With Trump administration taken over by Goldman Sachs, nothing can surprise us, anymore. The fairy tale of the 'anti-establishment' Trump who would supposedly fight for the interests of the forgotten - by the system - Americans, was collapsed even before Trump election.

What's quite surprising, is how fast the new US president - buddy of the plutocrats, is offering 'earth and water' to the top 1% of the American society, as if they had not already enough at the expense of the 99%. His recent 'achievement', was to sign for more deregulation in favor of the banking mafia that ruined the economy in 2008, destroyed millions of working class Americans and sent waves of financial destruction all over the world. Europe is still on its knees because of the neoliberal destruction and cruel austerity.

From thehill :

President Trump Friday signed a pair of executive orders aimed at lightening the regulatory load on financial institutions, setting the stage for a broader push to scale back the Dodd-Frank financial reform law.

The orders are somewhat limited in scale but indicate the new administration will make an overhaul of Wall Street rules a priority going forward.

[...]

The order itself is limited, but Trump will be able to make his mark on the law going forward, primarily by filling out key regulatory positions with his own picks. But more wholesale changes to the overall structure of those rules will likely require help from Congress.

Early indications are that Democrats are eager to criticize any efforts to make life easier for Wall Street. “The Wall Street bankers and lobbyists whose greed and recklessness nearly destroyed this country may be toasting each other with champagne, but the American people have not forgotten the 2008 financial crisis — and they will not forget what happened today,” said Sen. Elizabeth Warren (D-Mass.) in a statement.

The second order would have a more immediate impact. That executive action directs the Labor Department to halt work on a contentious rule aimed at retirement investment advisers, known as the “fiduciary duty” rule. The rule would require financial advisers to act solely for the benefit of their clients, a requirement backers say is critical to ensuring customers are not steered into pricey and ineffective investments by advisers looking to boost their commissions. The financial industry has fought the regulation, painting it as overbroad and overly burdensome. That rule was finalized last summer by the Obama administration but was not planned to take effect until April 2017. But under the order, the government is delaying implementation of that rule and ordering it to be reviewed by the Labor Department. With Trump in power, and Republicans and the financial industry longtime opponents of the regulatory effort, it is highly unlikely the rule will ever take effect in a substantially similar format.

So far, the only direct action that could be considered anti-establishment and anti-globalist by Trump, was the withdrawal of the US from TPP agreement, which, however, some claimed that it was already dead. Apart from this, Trump is absolutely committed to the dominant neoliberal doctrine, therefore, to the establishment.

Take a good look at the picture. Focus on the man who stands at the right (as we see the picture) of Trump to understand who is the real boss. The one who passes him the papers to sign. Observe the joy and satisfaction on his face. The only good thing is that, at least Trump is not pretending that he is the one who governs America:


And take a good taste of Gary Cohn: recently on Fox News, he argued fanatically in favor of deregulation, using the common neoliberal narratives propagated by the system. That is, he pretended that he cares about small and medium businesses, saying that the banks should make capital available for them. And guess what's the problem: taxes and regulation. Once the banksters get free from taxes and regulation the miracle will happen: they will start lending small-medium businesses, the real economy will flourish, the unemployment will disappear! Who cares about free healthcare and free education after all, right?

Yet, the reality is that, more than forty years of uninterrupted waves of deregulation, have brought financial catastrophe, inequality, unemployment, more poverty for the working class, more profits for the Wall Street 'gurus'.

The reality is that, Wall Street mafia celebrated because it has just achieved a primary target: deregulation.

Recall that, a leaked document back in 2014 revealed that “the EU suggests a number of mechanisms that will both scale back existing regulation, and prevent future regulation that might contradict the interests of financial corporations from both sides of the Atlantic. The leak follows news that EU negotiators have increased political pressure on the US to accept negotiations on 'financial regulatory cooperation', which the US negotiators have so far refused. [...] the US banks see the EU initiative as another welcome opportunity to attack domestic regulation, and has teamed up with its European counterparts to pressure the US administration.

Looks like the Wall Street mafia finally found its best puppet!


Related:

Trump makes America Goldman’s again!


Actually, Goldman Sachs ‘hacked’ the presidential election


The Goldman Sachs Trump






2 comments:

  1. Anonymous4/2/17 13:12

    This "commentary" is absolute crap.

    "Yet, the reality is that, more than forty years of uninterrupted waves of deregulation"

    False. A commonly accepted falsehood, which just isn't correct. The US economy has never been more regulated. Regulations are highly complex also, so why commentate on them in black and white fashion the way you are? Saying removing regulations is 'bad'? Not that simple.

    You probably don't even know the first things about regulations and economics / finance etc.

    ReplyDelete
    Replies
    1. What? You are kidding, right?

      If not, obviously you have no idea about what neoliberalism means. Here, this is for a start:

      https://www.youtube.com/watch?v=soYQsecd-_U

      https://www.youtube.com/watch?v=7WHTYTvFNRU

      http://digamo.free.fr/stig2002.pdf

      https://en.wikipedia.org/wiki/Deregulation

      Neoliberalism (neo-liberalism)refers primarily to the 20th century resurgence of 19th century ideas associated with laissez-faire economic liberalism.:7 These include extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to increase the role of the private sector in the economy and society.These market-based ideas and the policies they inspired constitute a paradigm shift away from the post-war Keynesian consensus which lasted from 1945 to 1980.The implementation of neoliberal policies and the acceptance of neoliberal economic theories in the 1970s are seen by some academics as the root of financialization, with the financial crisis of 2007–08 as one of the ultimate results.

      https://en.wikipedia.org/wiki/Neoliberalism

      Tell me if you need more. This is only a small sample.

      Delete