Archive for the Kleptocracy Category

Seeing 2020:  Federal Reserve Logic:  QE =/= QE.  Print, Lie, Print, Lie, Print, Lie.  The Great Financial Coup D’état Rages On. (January 6, 2020)

Posted in Banks and Banking System, Federal Reserve, Interest Rates, Kleptocracy, Repurchase Agreement on January 6, 2020 by e-commentary.org

. . .

K          “A year ago, Federal Reserve Chairman Powell repudiated a noble but doomed experiment.  After he raised interest rates in an effort to reach a normal, rational and traditional level, he and many others realized that interest rates can never ever ever ever ever be raised again and must be reduced to zero or less than zero to avoid financial collapse.”

J          “On January 30, as I recall, Powell relented because the Federal Reserve realized that the economic and financial system was again on the edge of collapse.  On September 17, as I recall, when the Federal Reserve again recognized that collapse was immanent, it opened up the coffers via the overnight repurchase market and shoveled free money to the banks and hedge funds.  And the free money is still flowing freely.”

. . .

K          “The entire financial and the political system is built on a deep and abiding faith in and reliance upon distrust.  Everyone in the banking and hedge fund world possesses enough self-awareness to know that she and he are corrupt and dishonest to the core.  And everyone in the banking and hedge fund world knows that the others in the banking and hedge fund world are corrupt and dishonest to the core.  Perfect knowledge in a world of otherwise imperfect knowledge.  Profound and well-founded distrust undergirds all decisions.”

J          “Actions and behavior are predictable, if one seeks to predict actions and behavior.  No banker or hedge funder wants to lend to another banker or hedge funder because each if given half an opportunity will not pay the money back.  Thus, they simply steal the money that is given freely by the Federal Reserve.  And the free money is still flowing freely.”       

. . .

K          “Now going on a dozen years, the Great Financial Coup D’état rages on and on and on.”

J          “And on and on and on and on and on without public input or congressional approval or MSM comment.  And the free money is still flowing freely.”

. . .

J          “Print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print. print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, print, and then rinse and repeat.”

K          “And then lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie, lie and then rinse and repeat.”

. . .

[See the incisive and insightful commentary in “Wall Street On Parade” researched and written by Pam Martens and Russ Martens; David B. Collum, the other Dave who provides a review of the events of the departing year, delivers his written “2019 Year in Review” in two parts and a podcast titled “Pandemonium” in his own inimitable way available at Peak Prosperity.]

[See the e-commentary at “Quantitative Easing = Money Printing (January 19, 2015)” published five years ago discussing the ongoing Quantitative Easing currently in overdrive and part of the Second Great Bank Bailout taking place without public input, congressional approval or MSM comment; “Coups d’état, Bail Outs And Bail Ins:  Clio’s Diary/Chronology.  Oh, And Happy Constitution Day! (September 17, 2018)” published on the ten year anniversary of the Great Financial Coup D’état; and “Twenty Sixteen (January 4, 2016)” published four years ago at the dawn of the year on the prospects for economic collapse in the near future.]

Bumper stickers of the week:

Print, baby, print

Lie, baby, lie

Not all debt is repaid, but all debt is paid

And the free money is still flowing freely

Does Any Institution In America Function? Oh, And Happy Friday The 13th! (December 9, 2019)

Posted in Academia, Banks and Banking System, Congress, Democrats, Federal Courts, Federal Reserve, Institutions, Jurisprudence Award, Kleptocracy, Law, Medicine, MIC, MICAC, Military, MSM, Noble Prize in Jurisprudence, Pushitzer, Pushitzer Prize In Commentary, Republicans, Supreme Court on December 9, 2019 by e-commentary.org

. . .

J          “I need one more day.”

. . .

K          “You don’t have to name three, just nominate one.”

J          “One institution after the other after the other after the other after the other after the other after the other has failed and continues to fail.  And that is even after lowering the standards to the point that the bar is on the floor.  One more day, I need.”

. . .

K          “The legal system at every level is a fraud and a racket.  We live in a country with many, many, many rules and many, many, many laws, but we do not live in a country that believes in or adheres to the rule of law.  There is no law, there is only ideology.”

J          “The medical and health care / sick careless system is a racket and a fraud.  I drive by the health insurance company skyscraper and reflect that not one person in the monolith has ever applied a band aid to a patient.  There is no care, there is only profitability.”

. . .

K          “The economic system is rigged at every step and turn to loot every last dollar from the people for the benefit of the Kleptocrats.  What is the end game for the expendable consumers who soon will have nothing left to bleed?”

J          “The MSM media is a wholly owned subsidiary of the Kleptocrats.  The message is tightly controlled by obedient droves of stenographers.  As a first step, everyone should skip ‘The Wall Street Journal’ and jump over to ‘Wall Street On Parade’ produced by Pam Martens and Russ Martens.”

K          “Academia is a substantially owned subsidiary of the Kleptocrats.  The message on the critical issues is also controlled and shaped by the corporate sponsors.  The campus buildings are all named for brigands; their kids and grandkids are admitted to skip the classes conducted in the namesake halls.  The hallowed halls are hollow holes.  The MIC is now expanded to include Congress and Academia in the MICAC.”

. . .

K          “Every agency from the Federal Aviation Administration (FAA) to the Federal Maritime Commission (FMC) – in the air and on the sea – is corrupt and incompetent.  Regulatory capture exists at just about every regulatory agency.”

J          “Furlough the ‘L’ out of the Bureau of Labor Statistics (B“L”S).  To determine the real rates of unemployment, a citizen must search in the shadows at “Shadow Government Statistics” prepared and analyzed by the dedicated and informed John Williams.”

K          “And then there is the Federal Reserve.  Probably no other institution, less one and perhaps two, has inflicted more grief and despair on the ordinary citizen with less publicity and notoriety than the Federal Reserve.”

J          “And related agencies such as the Securities And Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Federal Deposit Insurance Corporation (FDIC) are pernicious because they fool the citizen into believing that someone is watching out for him or her.”

K          “And the Department of Defense (DoD) exists primarily to spend money, drop bombs, and kill people but not to provide for the common defense.”

. . .

J          “The CIA and the FBI are a threat to every citizen at home and abroad and now may be affiliated with and advancing the interests of one political party.”

K          “The police in every burg and borough are paramilitary forces occupying the city and the county and the country.  Very few understand that the real Occupy movement in America grinds on.”

. . .

K          “Even many of the vaunted NGOs (Non-Governmental Organizations) surreptitiously serve the government’s interests.  The  Organisation for the Prohibition of Chemical Weapons (OPCW) is a front for the MICAC and shielded by the MSM that advances the propaganda.”

. . .

J          “Local EMTs and fire departments are generally contributing to the public good.”

. . .

J          “The National Credit Union Administration (NCUA) is a credit worthy institution administering its duties dutifully.”

K          “Despite unrelenting opposition from the White House, Republicans and industry, the Environmental Protection Agency (EPA) is doing what it can to reduce the plundering and the pummeling of the Planet.” 

. . .

K          “The ACLU is fighting the good fight.”

J          “Planned Parenthood is improving our plight.”

. . .

[See “Journalist:  Newsweek Suppressed OPCW Scandal And Threatened Me With Legal Action” and other articles in “caitlinjohnstone.com” by Caitlin Johnstone, the 2019 recipient of the Pushitzer Prize In Commentary, dated December 8, 2019 and the discussion of e-con-omics in “Against Economics” in “The New York Review of Books” by David Graeber dated December 5, 2019.]

[See the e-commentary at “Here Comes Da Judge; Dere Goes Da Justice (August 31, 2015)”, “The FBI File:  The American Imprimatur Of Success (January 18, 2016)”, “Suing Law Schools; Suing Gun Makers.  Oh, And Happy Law Day! (April 30, 2018)” and “Clinton, Inc., Trump, Inc., Bush, Inc., Kennedy, Inc., O’Bama, Inc. (October 24, 2016)”.]

Bumper stickers of the week:

“Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.”  Eric Hoffer

America is a racket not a republic.

“If the misery of the poor not be caused by the laws of nature, but by our institutions, great is our sin.”  Charles Darwin 

There is nothing you can do to make any material change of any kind in any way today.

“Start where you are.  Use what you have.  Do what you can.”  Arthur Ashe

Forfeiting Forfeiture (March 4, 2019)

Posted in Constitution, Drugs, Eighth Amendment, Forfeiture, Fourteenth Amendment, Kleptocracy, Supreme Court on March 4, 2019 by e-commentary.org

. . .

K          “In one case, the police had absolutely no interest in arresting the criminal activity and instead focused all their efforts on stealing an apartment building from a widow on the grounds that she should have known that there was drug activity in an apartment.  The widow alerted the police because of concerns that there appeared to be drug activity in some apartment.  The police alleged that privacy concerns purportedly prevented them from sharing any information that would have allowed her to identify and evict the allegedly offending tenant.  The police pulled off the scam and used the forfeiture laws to steal and sell the apartment building for their own profit.  Unreal.”

J          “How about a memorandum of understanding among multiple police agencies providing that the first member of a department to touch the airplane carrying the drugs would get the airplane in the forfeiture action.  When the word went out over the radio to make the bust, each department dispatched its fastest sprinter to fly across the tarmac to make first contact with the aircraft.  Surreal.”

K          “When you dwell in a Kleptocracy, you should expect kleptocratic behavior at every level.  Real.”

. . .  

K          “The people really did win.”

J          “The government really did not lose.”

K          “The Constitution really did win.”

. . .

[See “Supreme Court Limits Police Power to Seize Private Property” in “The New York Times” by Adam Liptak and Shaila Dewan dated February 20, 2019.]   

[See the e-commentary at “Police Police (November 24, 2014)”.]

Bumper stickers of the week:

Police Police  [But do not stick on your bumper!]        

Support your local police  [Aspirational!]

Happy International Women’s Day

Economic Nuremberg Trials?  The War On Economic Terrorism.  Oh, And Happy Solstice! (June 25, 2018)

Posted in Collapse, Democrats, Kleptocracy, Republicans, Rule of Law, War and Wall Street Party on June 25, 2018 by e-commentary.org

. . .

K          “The victors prosecute war crimes against the vanquished.  When he had extra ordinance after a mission, Chuck Yeager followed orders and strafed innocent German civilians on the way back to the air base.  He later commented that he counted on America winning the war so that there would be no untoward consequences.  In America today, the economic criminals are given carte blanche to commit crimes without consequence.”

J          “They are free to strafe the public.  ‘Economic Terrorism’ is the problem and the crime.  We the people are the vanquished, but if we are ever victorious we need to conduct public trials.  The Republicans are owned lock, stock and sinker by the financial interests; the Democrats are owned hook, line and barrel by the financial interests.  Neither party will ever hold those who commit economic terrorism accountable.”

K          “The ‘Economic Nuremberg Trials’ are the only answer.  The political system is too corrupt to offer recourse.  The legal system is too corrupt to offer recourse.  The only way there will be change is if the change is demanded and pursued by the populace.”

. . .

K          “Look.  Listen.  The public is restless and restive.  And may not continue to rest.  A restless friend remarked that the lights may not work in the near future, but the light posts will always work.”

J          “A co-worker says he regularly sharpens his semi-automatic pitch fork.”

K          “When the Collapse comes, there will be little public appetite to conduct something as dainty as a trial for the brigands who circumvented the rules and the laws and the rule of law in a country without the rule of law.”

. . .

J          “The grievances are percolating and festering, but too many are avoiding and opioiding.  At this time, the anger and the outrage are being directed inward not outward.”

K          “The populace is just barely getting by economically and psychologically.  God bless them, but they do not have the understanding, the fortitude, the energy or the courage to get behind the effort to combine due process and justice in a country without due process or justice.”

J          “When you get right down to it, the people are dispirited and defeated.  Nothing will be done.”

K          “Broken and broke.”

J          “But the truth and justice thing sure was a good idea while it lasted.”

. . .

[See the e-commentary at “The Residue of Unrelenting Fear:  PTSD Afflicts The Populace (August 28, 2006)”, “1000 AUSAs (February 9, 2009)”, “Close the Harvard Business School (February 23, 2009)”, “On The Digital Revolution (March 22, 2010)”, “High-Frequency Trading = Cybercrime (June 5, 2015)”, “The Court Of Truth And Justice (CTJ) (August 29, 2016)”, “Assigning Blame:  The Lawyers: 50 Percent; The Non-Lawyer Public: 50 Percent; The Judges: 100 Percent (December 3, 2012)” and “Perjury, the American Way (February 20, 2006)”.]

Bumper stickers of the week:

You show me a great fortune; I show you a great crime.

“Those who make peaceful revolution [resolution] impossible will make violent revolution inevitable.”  John F. Kennedy (Ted could have polished/improved/cadenced the statement by saying “peaceful resolution” rather than “peaceful revolution”.)

“I hold it that a little rebellion, now and then, is a good thing.”  Thomas Jefferson

We live in a country with many, many, many rules and many, many, many laws, but we do not live in a country that believes in or adheres to the rule of law.

You cannot get out of bed in the morning without violating some section of title 18 of the United States Code, the federal criminal code.  In fact, and as a matter of law, you cannot stay in bed in the morning without violating some section of title 18 of the United States Code, the federal criminal code.  In practice, the United States is a system of men not laws because men and women opt from the panoply of laws that punish all behavior and decide who is and who is not imprisoned.

There is no law.  There is only ideology.

Let’s call a truce in the war on drugs, on poverty, on women, on blacks, on browns and start a war on economic terrorism.

When the mountain calls, don’t let it go to voice mail

What Use [Are] People?  Oh, And Happy Father’s Day! (June 18, 2018)

Posted in Community, Consumerism, Kleptocracy on June 18, 2018 by e-commentary.org

. . .

K          “They function as consumers yet do not engage as citizens.”

J          “Exactly.  Someone remarked that Americans should be described as ‘consumers’ propelling an economy but not as ‘citizens’ participating in a Republic.”

K          “The kleptocracy does not desire citizens but does demand consumers who demand unreflectively the things they supply.”

J          “The kleptocracy or the kakistocracy?  What happens when they have consumed all they can afford to consume?  Are they consumed?”

K          “When they have spent all they can spend and have borrowed and borrowed and borrowed and borrowed all they can borrow, they are spent . . . and exspentable.”

J          “It is a very real question.  If they could not consume, would they be allowed to exist?  Do they exist?”

. . .

J          “They would be starved.”

K          “Aren’t 80 percent of them being starved?”

. . .

[See the e-commentary at “Is The American Consumer Irrelevant? (December 12, 2011)”, “The ‘Superfluous Consumer’ (July 27, 2015)”, “Kids As Consumer Durables (August 6, 2007)”, “Consume, Don’t Invest? (November 9, 2009)”, “Henrietta And Henry O, Two Young Lovers: The Contemporary Gift Of The Magi (December 27, 2010)”, “On Community (June 3, 2013)”, “On Roiling And Rolling Collapse (March 9, 2015)” and “The Taxonomy Of The American Economy (May 21, 2018)”.]

Bumper stickers of the week:

Fathers are people too, sort of

I consume, therefore I am

I consume, ergo sum

Plow Shares And Swords.  Oh, And Happy Memorial Day! (May 28, 2018)

Posted in Draft, Hypocrisy, Iran, Iraq, Kleptocracy, Perjury, Perjury/Dishonesty, Security State, Society, Syria, Terrorism, Vietnam, War on May 28, 2018 by e-commentary.org

. . .

K          “A sword in one hand, a plow share in the other.”

J          “On this planet, you cannot carry one without the other.”

. . .

K          “I’ll put down the plow and pick up the sword in defense of the village, but not based on a lie.”

J          “If not for lies, there would be far fewer wars.”

K          “They lied, kids died.”

J          “But not their kids.”

. . .

[See the e-ssay titled “The Flag (May 31, 2010)” and the e-commentary at “In Memoriam (May 26, 2014)” and “Reinstate The Draft; Reduce The Demand For War (Somewhat). Oh, And Happy Veterans Day! (November 6, 2017)”.]

Bumper stickers of the week:  [Big bumper]

When considering the reliability of information provided to you by the government of the United States of America, it is important that you recall and reflect:

They fibbed about Viet Nam.

They fibbed about Cambodia.

They fibbed about Laos.

They fibbed about Cuba.

They fibbed about El Salvador.

They fibbed about Nicaragua.

They fibbed about Guatemala.

They fibbed about Panama.

They fibbed about Honduras.                                                    

They fibbed about Venezuela.

They fibbed about Chile.

They fibbed about the Spanish American War.

They fibbed about the Mexican War.

They fibbed about Pearl Harbor.

They fibbed about 9/11.

They fibbed about Osama bin Laden.

They fibbed about Afghanistan.

They fibbed about Kuwait.

They fibbed about Iraq.

They fibbed about Saddam Hussein.

They fibbed about Libya.

They fibbed about Muammar Gaddafi.

They are fibbing about Yemen.

They are fibbing about Somalia.

They are fibbing about Sudan.

They are fibbing about Syria.

They are fibbing about Palestine.

They are fibbing about Iran.

They are fibbing about Ukraine.

They are fibbing about Niger.

They are fibbing about the War on Terror.

They are fibbing.

They do not seem to be telling the truth.

Things really did not turn out so super in Nicaragua, Grenada, Panama, Haiti, Bosnia, Serbia, Somalia, Afghanistan, Libya, Yemen, Pakistan, Iraq and Syria, but who is counting?

But who cares?

The Taxonomy Of The American Economy (May 21, 2018)

Posted in Class, Economics, Kleptocracy, Race on May 21, 2018 by e-commentary.org

. . .

K          “The economic and political system exists for the benefit of the one one-thousandths of one percenters (.001 %) and the remaining members of the One Percenters (.999 %).  The Four Percenters (4 %) include the schooled servants squiring to the needs of the One Percenters.”

J          “The tax lawyers, obeisant judges, lecherous lobbyists, teeth whitening dentists, pliant politicians, public relations spin doctors, officious bureaucrats, tummy-tuck plastic surgeons, and their ilk.”

K          “As long as they obey and play, they get the pay.”

J          “They say.  The Fifteen Percenters (15 %) may stay a pay check or two ahead of calamity, yet many are never really economically secure or free of the nagging concerns that haunt them at three in the morning.”

K          “The butcher, the baker and the candle stick maker.  The good old Middle Class.  The good old Middle Class has been badly butchered, baked and left in the dark and the dirt.  Is it even as high as fifteen percent if you factor in the insecure position of so many of them?”

J          “Beneath them are the Eighty Percenters (80 %) who have desperately little chance of ever participating in the American dream.”

. . .

J          “The Dow and the Russell 5000 Index and such metrics measure the economic situation and security of the Five Percenters, not of the general public.  Assessing the real economy requires one to study metrics such as the U6 measure of unemployment of those who were making under $50,000 when they were fired or laid off, opioid use, child mortality rates, consumer debt loads, etc.”   

K          “The poor, the dispossessed, the downtrodden, the unwashed masses, [the] hoi polloi, the sheeple are summoned on election day for an hour to vote their fears and hopes and summarily disregarded the rest of the time.”

J          “Seems we could do better.”

. . .

[See “Shadow Stats” collected by John Williams and navigate the site and the sources.]

[See the e-commentary titled “The Microeconomics of Suburban Subsistence (February 7, 2005)”, “The Microeconomics of Suburban Subsistence: Three Years Later (February 4, 2008)” and “Justice Is a Middle Class Creation, Delusion and Aspiration (March 20, 2017)”.]

Bumper stickers of the week:

Feed the homeless to the hungry

The beatings will continue until morale improves