Skip to main content

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






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

Post a Comment

Popular posts from this blog

New York Times accidentally destroys the Western propaganda on Venezuela

globinfo freexchange
In another rare 'real journalism' short crisis, the New York Times decided to reveal the truth about the trucks with 'humanitarian aid' on the Colombia-Venezuela border, that were set on fire.
As The Interceptreported:
On February 24, CNN told the world what we all now know is an absolute lie: that “a CNN team saw incendiary devices from police on the Venezuelan side of the border ignite the trucks,” though it generously added that “the network’s journalists are unsure if the trucks were burned on purpose.
Other media outlets endorsed the lie while at least avoiding what CNN did by personally vouching for it. “Humanitarian aid destined for Venezuela was set on fire, seemingly by troops loyal to Mr Maduro,The Telegraph claimed. The BBC uncritically printed: “There have also been reports of several aid trucks being burned – something Mr Guaidó said was a violation of the Geneva Convention.
That lie – supported by…

The underground war between Venezuela and the US big oil cartel confirmed through WikiLeaks

The WIKILEAKS Public Library of US Diplomacy (PlusD) holds the world's largest searchable collection of United States confidential, or formerly confidential, diplomatic communications. As of April 8, 2013 it holds 2 million records comprising approximately 1 billion words. The collection covers US involvements in, and diplomatic or intelligence reporting on, every country on earth. It is the single most significant body of geopolitical material ever published. The PlusD collection, built and curated by WikiLeaks, is updated from a variety of sources, including leaks, documents released under the Freedom of Information Act (FOIA) and documents released by the US State Department systematic declassification review.
globinfo freexchange
A document under the title VENEZUELA: AMERICAN OIL AND SERVICE COMPANIES ENGAGE AMBASSADOR, from July, 2009, depicts the agony of the US oil corporations to stay in Venezuela, as they had already lost control over country's rich reserves.
The summary…

Neoliberal fascists attempt to regain control over the European continent to prevent a Leftist revival

While the neoliberal regime is pushing Jeremy Corbyn for a second Brexit referendum, Brussels bureaufascists visit Greece to make sure that the country will remain on the path of neoliberal destruction.
globinfo freexchange
UK's neoliberal regime is now pushing Jeremy Corbyn to promise a second Brexit referendum, hoping to reverse current Brexit vote. As the Independentreported:
Jeremy Corbyn is under new pressure to fully back giving the public a Final Say on Brexit after his own version of EU withdrawal was emphatically rejected in the Commons. His vision of the UK leaving Europe was defeated by a margin of 240 votes to 323, meaning the leader will now be expected to fulfil a promise to bring forward or support a vote to approve a new referendum. The 83-vote defeat comes after Mr Corbyn told Labour MPs on Monday that he was ready to support moves to demand a public vote, having lost a string of MPs who resigned in part over his Brexit strategy.
It appears that the blackmail worked …

Fraudulent neoliberalism was born when it was assumed that the banking parasites produce real value

Democracy At Work
Adam Smith looked on bankers as if they were unproductive. Essentially said they're parasites who kind of live off the value created by others. Bankers - if you have a labor theory of value - it's hard to see how bankers can be producing value.
Before the 1970s, financial services were not included in the calculation of gross domestic product (GDP). In other words, they were considered as adding nothing to the total value of gross domestic product. Only after 1970 did they get included, and now, of course, they're considered to be great value producers. So, do financiers produce value? This starts to become a very important kind of question.

To save Labour from the wreckers, Corbyn needs big balls (and a willie)

In 2015, anti-war socialist Jeremy Corbyn caused a stunning shock when, as a 500-1 shot, he became elected as Labour Party leader. Corbyn’s campaign engendered great enthusiasm among those desperate for Labour to make a clean break with elite-friendly pro-war neoliberal Blairism.
by Neil Clark
In the 2017 general election Corbyn defied the odds, and the smug inside the tent pundits again, with Labour achieving its biggest increase in its share of the vote since 1945.
Corbyn seemed to be on an unstoppable path to Number 10. But since then momentum has been lost. Literally.
Let’s call out the elephant in the room. The pro-Israel lobby in Labour and outside of it has never been reconciled to having a pro-Palestinian peace activist as party leader and potential Prime Minister.
They have done everything possible to destroy Corbyn personally and professionally, with charges of ’anti-Semitism’ the weapon of choice. But Corbyn hasn’t done himself any favours by failing to fight back forcefully ag…

As mainstream journalists acknowledge Douma attacks were “staged,” the “humanitarian” Syria regime-change network tries to save a sinking ship

There is increasing desperation on the part of the “humanitarian” regime-change network to protect its influence and the power of its narratives, not just in Syria but in future conflicts.
by Whitney Webb and Vanessa Beeley
Part 3 - Global Public Policy Institute’s place in regime-change network
Beyond Schneider’s conflicts of interests by virtue of his work history and current associations, the organization that employs him — the Global Public Policy Institute — is directly connected to an oligarch-directed and oligarch-funded regime-change network that specializes in manufacturing “humanitarian” justifications for Western military adventurism abroad. The main oligarchs who drive this network, as detailed in a recent articles series at MintPress, include Jeffrey Skoll, George Soros, Pierre Omidyar, and Ted Turner — philanthrocapitalists aligned with the neoliberal, globalist agendas of the U.S/U.K alliance.
In addition to its stated mission of “improving global governance,” in line with…

Βενεζουέλα: Διαβολική επανάληψη της ιστορίας 120 χρόνια μετά

Ως «αδιόρθωτο» και «απαίσιο» περιγράφουν οι New York Times, η New York Herald και το Associated Press τον ηγέτη της Βενεζουέλας. Ο τελευταίος «απεχθάνεται τις πιο ιερές αξίες των πολιτισμένων εθνών», γράφουν τα δυτικά ΜΜΕ που υποστηρίζουν τον φιλελεύθερο «επαναστάτη», ο οποίος προσπαθεί να εξουδετερώσει τον «τύραννο». Ο τελευταίος είναι ο πλέον μισητός στον δυτικό κόσμο, το κράτος του, αν και πλούσιο σε πόρους, είναι υπερχρεωμένο, η διακυβέρνηση της χώρας διεκδικείται από έναν επαναστάτη που έχει συγκεντρώσει έναν στρατό και βαδίζει προς το Καράκας.
Βαγγέλης Γεωργίου
Μέρος 3ο - Η «κατασκευή» υποχρεώσεων
Οπωσδήποτε η Βενεζουέλα είχε νομικές και οικονομικές υποχρεώσεις απέναντι σε ξένα κράτη. Ωστόσο, αυτές δημιουργήθηκαν και χρησιμοποιήθηκαν με τέτοιο τρόπο από τις Μεγάλες Δυνάμεις που οδηγούσαν ουσιαστικά στην πλήρη υποταγή του αδύναμου λατινοαμερικανικού κράτους.
Ο ίδιος ο Βρετανός επιτετραμμένος στο Καράκας Richard Edwardes είχε ανακαλύψει από τη δεκαετία του 1860 τον μηχανισμό απάτης πο…

UK's panicked neoliberal regime desperate to build a third loyal party to halt Corbyn's progressive counterattack

globinfo freexchange
Right after the seven neoliberal Blairites left the Labour party towards the formation of a new "independent" party, three Tories decided to join them.
As the Guardianreported: “Three Conservatives have quit their party to join the new Independent Group of MPs, declaring that hard Brexiters have taken over and that the modernising wing of the party has been 'destroyed'. Anna Soubry, Sarah Wollaston and Heidi Allen explained their decision to join the new group, founded this week by seven Labour MPs, who also left their party.
It all happened too fast and someone would be rather naive to believe that these moves were not pre-agreed and fully coordinated.
All the picks appear to be carefully selected. The establishment takes back those who has raised carefully with the 'principles' of the neoliberal ideology in order to save them from the collapsing conservative party and the Corbynism-'contaminated' Labour. Next step, a third 'ind…

The war criminal Elliott Abrams and the liberals who love him

Elliott Abrams, who is steering Trump’s Venezuela policy, has a long track record of war crimes. Yet a number of liberal commentators are rushing to his defense.
by Paul Heideman
Part 1
Practically the entire American political establishment and corporate press are repeating the Trump administration’s claims to have humanitarian motives in Venezuela. As that administration inches closer to full-blown military invasion, whether direct or by proxy, it behooves us to look into the track record of the officials steering this so-called “humanitarian policy.” None other are more deserving of scrutiny than Elliott Abrams, whose crimes have spanned the globe, from El Salvador to Nicaragua to Iraq.
Before this month, Elliott Abrams was likely glad to have been largely forgotten by the U.S. public. When the Trump administration announced Abrams’ appointment as U.S. Special Representative in Venezuela in late January, the news caused some ripples on the Left, but across mainstream media outlets, the…

Βενεζουέλα: Διαβολική επανάληψη της ιστορίας 120 χρόνια μετά

Ως «αδιόρθωτο» και «απαίσιο» περιγράφουν οι New York Times, η New York Herald και το Associated Press τον ηγέτη της Βενεζουέλας. Ο τελευταίος «απεχθάνεται τις πιο ιερές αξίες των πολιτισμένων εθνών», γράφουν τα δυτικά ΜΜΕ που υποστηρίζουν τον φιλελεύθερο «επαναστάτη», ο οποίος προσπαθεί να εξουδετερώσει τον «τύραννο». Ο τελευταίος είναι ο πλέον μισητός στον δυτικό κόσμο, το κράτος του, αν και πλούσιο σε πόρους, είναι υπερχρεωμένο, η διακυβέρνηση της χώρας διεκδικείται από έναν επαναστάτη που έχει συγκεντρώσει έναν στρατό και βαδίζει προς το Καράκας.
Βαγγέλης Γεωργίου
Μέρος 1ο
Θα μπορούσαν όλα αυτά να συμβαίνουν το 2019, αλλά συνέβαιναν στη Βενεζουέλα του 1899, όταν η Δύση έπρεπε να τακτοποιήσει πάλι έναν μισητό δικτάτορα κάπου στην Καραϊβική.
Οι ομοιότητες διαβολικές. Η κατάληξη ίδια;
Πράγματι, η Βενεζουέλα την τελευταία δεκαετία του 19ου αιώνα είχε βυθιστεί σε εμφυλίους οι οποίοι ακύρωναν τις όποιες προσπάθειες είχαν γίνει από τις κυβερνήσεις των φιλελεύθερων των προηγούμενων δεκαετιών.