Skip to main content

Unbelievable Trump: instead of chasing the banksters, he puts them in key positions!

Couldn't get worse: guess who has just been hired by the 'anti-establishment' Donald Trump


Already since March, we have repeatedly stated through this blog, that Donald Trump is only a reserve of the establishment. It seems that Donald does everything he can to justify this estimation, day after day. Forget the cruel Far-Right members he has already picked. Forget that he met with Mitt Romney and that he appointed Steven Mnuchin, a former Goldman Sachs executive as Secretary of Treasury.

From Salon : “President-elect Donald Trump announced Friday that the new head of his White House National Economic Council will be another Goldman Sachs executive. Gary Cohn, who is president and chief operating officer at Goldman Sachs, joined the Wall Street firm in 1990 and has since served in leadership roles involving bond trading, according to Reuters. He eventually become co-head of broader securities at the company and was promoted to co-president in 2006.

Gary Cohn? Seriously?

We knew that Hillary was taking money from Wall Street. We knew the degree of corruption of the Clintonian dynasty. We knew how much the system is rigged to serve the interests of the banking mafia, but this is beyond imagination for a candidate that has been fully promoted as 'anti-establishment'.

Just take a small taste of the man that has just been hired by the new US president who will supposedly fight the corrupt elites. From NY times :

Even as the crisis was nearing the flashpoint, banks were searching for ways to help Greece forestall the day of reckoning. In early November [2009] — three months before Athens became the epicenter of global financial anxiety — a team from Goldman Sachs arrived in the ancient city with a very modern proposition for a government struggling to pay its bills, according to two people who were briefed on the meeting. The bankers, led by Goldman’s president, Gary D. Cohn, held out a financing instrument that would have pushed debt from Greece’s health care system far into the future, much as when strapped homeowners take out second mortgages to pay off their credit cards.

Guess what happened to Greece when the country refused this 'proposition':

While the negotiations were in process, the stock price of National Bank of Greece was rising in NY and Athens stock markets. At the same time, the pressure on Greek bonds and CDS stopped. Eventually, negotiations were not successful, as the Greek side rejected Goldman's proposal for good.

Nearly the next day of this rejection, massive stock selling of the National Bank of Greece was recorded again in NY stock market, as well as stocks of the big Greek banks Alpha and Eurobank, and finally, stocks of the whole Greek banking sector. Prices of the Greek bonds rapidly dropped while Greek CDS and loan interest were rising rapidly, bringing Greece closer to default, as it was more and more difficult to re-fund her debt.

On December 12, Fitch downgrades Greece further, rating the country with BBB+, while announced that further downgrades are possible. S&P with Moodys followed, downgrading Greece during December. The result was a massive selling of Greek bonds and skyrocketing of country's lending cost.

This means that, for at least 10 years there was no problem with interest, despite that everyone knew the real deficit figure, but the problem suddenly appeared in 2009 when, "accidentally", the Greek government rejected Goldman Sachs' proposal for a new "financial product". Within a short time, rating agencies downgraded Greece skyrocketing her lending cost.

In other words, as long as Greece was playing the game of Goldman Sachs, giving economic benefits inside the Greek territory, there was no problem with lending. When the new government stopped giving such benefits, probably because no one knew where would lead in the future, international banksters-speculators mobilized every mean that they had (rating agencies, media etc.), in order to show who is the boss and that there is no way for the country to avoid default, except of playing with their rules.

But it's getting 'better'. While Trump declared war on foreign jobs and earned votes from his crusade against foreign workers “Goldman has grown sharply in India under Gary Cohn, [...] As president of the bank for the past decade, Cohn regularly touted the benefits of moving jobs from financial centers like New York to lower cost areas like Bengaluru or Singapore, as well as Salt Lake City and Dallas.”, as Quartz reported. No surprise. That's how the neoliberal globalists of the establishment think and act.

But the article from Independent is really spot on:

Boom and bust economic theory suggests that, however we regulate banks, we should expect another financial crisis in the near future. With Goldman Sachs president and COO as the new national economic council director under Donald Trump, that theory might materialise a lot quicker.

Besides the anti-gay, anti-women, anti-Jewish, anti-Muslim men and women that are already in the cabinet of hell, Mr Trump has just appointed one of the most powerful men on Wall Street and a key architect of the 2008 financial crisis.

Pinning blame for the world’s financial crisis of 2008 on one man or one bank would not be fair, but Gary Cohn and his entourage at Goldman Sachs is a good place to start.

[...]

Mr Trump said he wanted to "drain the swamp" of Washington DC. So why did he hire someone who is second in command at one of the biggest Wall Street banks and who is known for his "abrasive" management style and his appetite for taking financial risks?

[...]

Cohn has given numerous speeches to universities and has consistently lobbied Congress, arguing that although banks are safer now than pre-2008, they are not better. His logic is that banks being hampered by regulations means that consumers suffer. Has he conveniently forgotten how much we suffered without regulations less than a decade ago? Forget the Dodd-Frank Act and large capital buffers for banks. The era of less regulation, no ring-fencing and big risk-taking will be back within a few months.

The barefaced hypocrisy of Trump’s cabinet seemingly has no limits. Thanks to an ignorant, narcissistic, self-entitled president-elect, people all over the world will face the consequences of a cabinet of yet more white, self-entitled, self-serving hypocrites who will rub their hands with glee every time they see a buying opportunity.

The golden rule in capital markets is that for every seller, there is a buyer on the other end of that trade, ready to take advantage. But Cohn and his generation forget that when he takes a risk, the world takes a risk with him.

Who could ever imagine: the 'anti-establishment' Trump not only wouldn't do anything to fight the corrupted establishment, but instead, he would put it straight inside the White House!

Related:



Comments

Popular posts from this blog

Why the US rushed to propagate the 'naval mine' scenario to explain recent attacks on two oil tankers in the Gulf of Oman

globinfo freexchange

The incident of the recent attack against two oil tankers in the Gulf of Oman elevated the heat between the US and Iran. Naturally, the attack also produced some level of turmoil in the oil global market.

Trump's hostile attitude against Iran was clearly evident even before his election. His totally unjustifiable and completely incomprehensible action to kill the Iran nuclear deal, destroyed any remnants of US reliability. Consequently, even the US Western allies refused to follow this evidently counterproductive strategy.

Under these circumstances and given the endless history of US manufactured incidents used to justify the start of another war, most people rightfully thought that this has been just another false flag operation.

And it makes sense actually. Why the hell Iran would attempt to blow up its relations with Japan in the midst of Japanese PM Shinzo Abe visit in the country? Only the US empire would have reasons to do it in order to force one of its…

Confirmed: the US empire seeks to 'clear' the path for the invasion of Iran

globinfo freexchange

Sometimes it's quite surprising how fast some estimations appear to be confirmed.

Only four days ago, we wrote that the US imperialists know that an all-out war with Iran would equal a suicide. The goal is probably a 'surgical' invasion on the south shores of the country that would last just as long as to permit the US and allies to control the Strait of Hormuz, and therefore, the global oil market. The first step towards such an operation would be the mine-clearing of the strait.

This probably explains why the Western media insisted to circulate the scenario of the 'naval mine'. They want to drag Western leaderships behind US in an operation to clear the mines in the Strait of Hormuz, in the name of global energy security.

Well, we were quite close actually. Three days later, the US leadership attempted a broader global alignment - including rival countries like China - towards the protection of "freedom of navigation in the region". …

Όσοι περνάν των χώρα της απόγνωσης παθαίνουν αμνησία ...

globinfo freexchange
Δανειστήκαμε αυτή τη φράση από ένα παλιό κομμάτι της Ελληνικής ροκ μπάντας "Τρύπες", για να περιγράψουμε με λίγα λόγια αυτό που φαίνεται να έχει πάθει η Ελληνική κοινωνία. 
Πώς είναι δυνατόν μια ολόκληρη κοινωνία να έχει ξεχάσει ποιοι τη χρεοκόπησαν; Ποιοι έστησαν το άθλιο σύστημα των κρατικοδίαιτων 'ημέτερων' και της οικογενειοκρατίας; Ποιοι έσωσαν τις τράπεζες με πακτωλό δισεκατομμυρίων σε βάρος της μεσαίας τάξης; Ποιοι έκαναν τη μίζα και το ρουσφέτι επάγγελμα; Πώς είναι δυνατόν αυτή η κοινωνία να ετοιμάζεται να ξαναφέρει στην εξουσία ένα κομμάτι αυτού του άθλιου πολιτικού κατεστημένου, με την επιστροφή μάλιστα του αμετανόητα νεοφιλελεύθερου Κυριάκου Μητσοτάκη και της ομάδας του;  
Η απόγνωση που έφεραν εννέα χρόνια βάρβαρων νεοφιλελεύθερων πολιτικών και σκληρής λιτότητας και που ανάγκασε τη χώρα να διαβεί τον εφιαλτικό μονόδρομο της μόνιμης χρεοκοπίας, πρέπει να έπαιξε σημαντικό ρόλο. 
Διότι ως γνωστόν, η απελπισία λίγο απέχει από τ…

The 'Julian Assange' index: another evidence that Elizabeth Warren is establishment's last resort

 globinfo freexchange

We should be grateful to Julian Assange and WikiLeaks for uncovering the ruthless and ugly face of the establishment. For the exposure of the biggest war crimes by the US empire in the Iraq war. For the exposure of the dirty war by the DNC against Bernie Sanders, and many more.
But even now, being in this extremely hard situation because of the absolutely inhuman treatment by this imperialistic crypto-fascist regime, Assange remarkably becomes the cause that forces more masks to fall.

Therefore, the 'Julian Assange' index can even help us identify the real and the fake progressives.

As The Interceptreported:
The Justice Department filed 17 charges against WikiLeaks co-founder Julian Assange on Thursday, deploying the controversial Espionage Act as a cudgel against First Amendment protections and press freedom. It’s the first time the U.S. government has used the Espionage Act to prosecute a publisher, according to the Committee to Protect Journalists.

[..…

Brussels bureaufascists are ready to replace Alexis Tsipras with their most faithful puppet in Greece

globinfo freexchange
The latest European election in Greece was a real shock for the government. Alexis Tsipras and his party SYRIZA took the second place and suffered a heavy defeat with almost 10 points behind the right-wing New Democracy. Tsipras was forced to declare national elections on July 7th and it seems that blog's predictions are about to become true.

As we wrote already in 2016, right after the internal elections for the new leadership in New Democracy:
The result for the leadership of the main opposition party, New Democracy, in Greece after Sunday's elections, must had brought waves of relief to the Brussels-Berlin axis. Brussels bureaufascists and Berlin directorate have now the best "backup" alternative in case that Tsipras administration attempt to diverge from the catastrophic policies imposed by the European Financial Dictatorship (EFD).
The new leader of New Democracy, Kyriakos Mitsotakis, is probably the ideal alternative solution. The man that co…

Το σύστημα της διαπλοκής παίζει τα ρέστα του, αλλά ο Τσίπρας δεν φαίνεται να βάζει μυαλό ...

failed evolution
Η εικόνα αρχίζει σιγά-σιγά να γίνεται όλο και πιο ξεκάθαρη. Όσο πλησιάζουμε προς την ημέρα των εθνικών εκλογών το σύστημα της διαπλοκής παίζει τα ρέστα του. Τα ιδιωτικά κανάλια των ολιγαρχών συνεχίζουν την προπαγάνδα και σε συνδυασμό με την Τρόικα εσωτερικού και εξωτερικού προωθούν 'με τα χίλια' το νεοφιλελεύθερο οδοστρωτήρα, Κυριάκο Μητσοτάκη.

Η απόπειρα σαμποτάζ ξεκίνησε από ένα κομμάτι της Τρόικας εσωτερικού, προκειμένου να δημιουργήσει σύγχυση και επιπλέον αγανάκτηση στους πολίτες μέσω του ευαίσθητου τομέα της υγείας. Προς το παρόν, η συγκεκριμένη φράξια της Τρόικας εσωτερικού αποφάσισε την αναστολή των κινητοποιήσεων, μετά τις αντιδράσεις που προκάλεσε το εκβιαστικό lock out με την υπογραφή του Γιώργου Πατούλη, σύμφωνα με το οποίο απαιτούσε από τους ασφαλισμένους να καταβάλλουν το 85% του κόστους των εξετάσεων. Φαίνεται ότι το σαμποτάζ δεν είχε πολύ μεγάλη επιτυχία.  
Στη συνέχεια είχαμε τις καταγγελίες Αγγελή, ο οποίος εμφανίστηκε 'όλως τ…

Έρχεται ο νεοφιλελεύθερος "οδοστρωτήρας" Κούλης που θα ισοπεδώσει τους εργαζόμενους

globinfo freexchange
«Επταήμερο εργασίας. Όχι ο εκβιασμός που γίνεται από τους ελέγχους εδώ πέρα, όχι εξαήμερο, επταήμερο! Απαιτούμε να γίνει πιο εύκολο, πιο ευέλικτο το θέμα των 7 ημερών και όχι να επικρέμεται η σπάθη των προστίμων», απαίτησε ο "ευγενής" επιχειρηματίας από τον Κυριάκο Μητσοτάκη που επισκέφτηκε την Κω. 
Δηλαδή, το "αφεντικό" δεν θέλει να έχει κανένα έλεγχο πάνω από το κεφάλι του και να κάνει ότι γουστάρει με τους εργαζόμενους. Αν μπορεί δηλαδή να τους βάζει να δουλεύουν και δωδεκάωρα (όπως πέρασε με νόμο στην Αυστρία η συντηρητική δεξιά) και να τους δίνει ένα ξεροκόμματο, ίσα-ίσα για να μπορούν να δουλεύουν.  Θεωρεί τον έλεγχο, δηλαδή αν τηρείται με λίγα λόγια η εργασιακή νομοθεσία, "εκβιασμό". Καταλάβατε νοοτροπία; 
Προσέξτε το ύφος του: το "αφεντικό" με θράσος απαιτεί, χτυπώντας σχεδόν το χέρι στο τραπέζι, να μπορεί ουσιαστικά να εφαρμόζει συνθήκες σύγχρονης δουλείας, όχι μόνο χωρίς καμία επίπτωση, αλλά ούτε καν ενόχληση.  

The prosecution of Julian Assange is an attack on our Freedom of Speech

The Intercept
The Trump Department of Justice has openly declared war on the First Amendment. And the case they have chosen to pave the way for criminally prosecuting journalists and publishers is that of WikiLeaks founder Julian Assange under the Espionage Act. It is the first time since the First Amendment to the U.S. Constitution was enshrined in law, that the government is criminally charging a publisher for publishing truthful information.
This indictment centers around the exposure of war crimes committed by the forces of the most powerful nation on Earth. It is about publishing documents that laid bare the blackmail, the backroom deals, the threats, the lies of the U.S. government in nations across the world. It is retaliation against an organization that presented to the world video evidence of a U.S. helicopter gunship massacre on Iraqi civilians and two Reuters news journalists. 
This prosecution is revenge for publishing documents on the U.S. kill campaign in Iraq and Afgha…

Οι λούμπεν μικροαστοί είναι έτοιμοι να επιλέξουν τον δήμιο τους που αποτελεί και την καλύτερη εφεδρεία για τους γραφειοφασίστες των Βρυξελλών

του system failure
Το πρόσφατο αποτέλεσμα των ευρωεκλογών δείχνει ότι το νεοφιλελεύθερο ιερατείο Βρυξελλών/Βερολίνου θεωρεί ότι έφτασε η ώρα να αντικατασταθεί ο Αλέξης Τσίπρας με την καλύτερη εφεδρεία του: τον Κυριάκο Μητσοτάκη. 
Πράγματι, οι προβλέψεις φαίνεται να επαληθεύονται εντυπωσιακά. Όπως είχαμε αναφέρει σε προηγούμενο άρθρο ήδη από το 2016 και αμέσως μετά την εκλογή Μητσοτάκη στην ηγεσία της ΝΔ, τα αποτελέσματα των εκλογών στη ΝΔ λύνουν τα χέρια του άξονα Βρυξελλών-Βερολίνου. Οι γραφειοφασίστες των Βρυξελλών και το διευθυντήριο του Βερολίνου έχουν τώρα μια πρώτης τάξεως εφεδρεία σε περίπτωση που τα πράγματα "στραβώσουν" με την σημερινή κυβέρνηση.  
Ήδη, η κυβέρνηση ΣΥΡΙΖΑ έδωσε κάποια μικρά σημάδια ανυπακοής ενάντια στη λιτότητα που επιβάλλει το ιερατείο, ρέποντας 'επικίνδυνα' προς μια πιο φιλολαϊκή πολιτική. Δεν είναι τυχαίο φυσικά ότι τα πρώτα αυτά σημάδια άρχισαν να γίνονται ορατά μόλις η χώρα βγήκε από το πρόγραμμα επιτήρησης που επέβαλε η Τρό…

Trump's top hawkish neocon gives signs that the US could possibly participate in a military coup against Jeremy Corbyn

globinfo freexchange

US Secretary of State Mike Pompeo and the United Kingdom’s Foreign Secretary Jeremy Hunt held a joint press conference in London after meeting for talks in the UK capital.
Pompeo condemned what he described as the support of certain UK and US leaders for Venezuelan President Nicolas Maduro. "It is disgusting to see leaders, not only in the United Kingdom but in the United States as well, who continue to support the murderous dictator [Nicolas] Maduro," said Pompeo.

What's disgusting is that Pompeo has gone so far as even to launch indirect threats against US/UK leaders who refuse to align with the empire's typical regime change operations against legitimate governments.

It's obvious that these warnings are targeting progressive anti-war leaders like Tulsi Gabbard, Jeremy Corbyn and Bernie Sanders.

Pompeo depicts the anxiety of the empire, as it finds more and more difficult to make countries and leaders align behind US regime change efforts. …