Archive for the Kleptocracy Category

Trumpi [Tweets ?] To Followers:  “F@#$ You” (February 6, 2017)

Posted in Kleptocracy, Pensions, Retirement, Trump on February 6, 2017 by e-commentary.org

. . .

J          “The corporate owners of the government do not really want us to provide for our retirement or our future.  They just concoct more rackets to exploit and plunder the people.”

K          “Welcome to the Great American Kleptocracy.”

. . .

K          “The Department of Labor was scheduled to implement a policy known as the ‘Fiduciary Rule’ that requires a broker to act in the client’s best interest rather than in the broker’s financial interest.  And Trumpi killed it.”

J          “I describe the Rule as a ‘no brainer’ policy.  An attorney is obligated to act in the client’s best interest; a doctor is obligated to act in the patient’s best interest; a broker is obligated to act in the client’s best interest.  The word ‘client’ itself acknowledges the existence of a fiduciary duty.”

. . .

K          “There is very little trust in America today for the compelling and unimpeachable reason that there is no reason to trust in America.  The Rule would have meant that a person could trust his or her broker.  That would help the little man and the little woman.  Trumpi does not give a hoot for the little person.” 

J          “Trumpi ran as the candidate of the Middle Finger Party and never revealed to anyone that he really intended to give the middle finger to his voters.”

K          “Trumpi pulled off a legal and financial coup d’état without firing a shot and now is taking all kinds of shots at the little person.”

. . .

J          “We are watching a house on fire with no fire fighters and no bucket brigade in attendance.  A house on fire this divided cannot stand.”

K          “And Trumpi is giving sociopaths a bad name.”

J          “The biggest uncertainty of our time is determining what will transpire when a critical mass of Trumpi voters realize they have been deceived and duped.”

K          “The way Trumpi is dissing and dismissing the ‘deplorables’ is deplorable.”

. . .

[See “Trump Moves to Roll Back Obama-Era Financial Regulations” in “The New York Times” by Ben Protess and Julie Hirschfeld Davis dated February 3, 2017.]

[See the e-commentary at “The Donald:  Enough; Bastante; Basta (April 4, 2016)”, “High-Frequency Trading = Cybercrime (June 5, 2015)” and “On The Digital Revolution (March 22, 2010).”]

Bumper stickers of the week:

Donald J. Trumpi @unrealDonaldTrump:  “F@#$ You”

[Picture of Trumpi] Tired of me yet?

[Picture of O’Bama] Miss me yet?

Clinton, Inc., Trump, Inc., Bush, Inc., Kennedy, Inc., O’Bama, Inc. (October 24, 2016)

Posted in Awards / Incentives, Bush, Cameo In Courage Award, Citizens United Decision, Clinton, Collapse, Kleptocracy, O'Bama, Politics, Profile In Courage Award, Schooling, Supreme Court on October 24, 2016 by e-commentary.org

. . .

J          “The Kennedy Corporation is in remission.”

K          “Earnings are down, but the brand is still in play.  They are keeping a spot at the round table with their ‘Profile In Courage Award’ that is bestowed on other members of the Ruling Class.”

J          “That’s it.  I need to give an award to get a reward.”

. . .

J          “After the proclamation by the Republican wing of the Supreme Court in Corporations United that two step corruption is legal and encouraged, the ‘Clinton Global Initiative’ provided the template.  The rich and powerful now can formally invest in and own those in public office.” 

K          “The Owners now can formally own the owned.  ‘Bush, Inc.’ should get more credit because it was one of the first corporations to offer ‘preferred shares’ dubbed ‘Rangers’ and ‘Pioneers’ and the like.  The investment opportunity was first profiled in the e-commentary titled ‘The “Ownership State” and “Bush, Inc.” (April 11, 2005)’ years before Citizens United was foisted on us.”

J          “Trading interests in Senators is also discussed in the e-commentary titled ‘Commodities Futures / Future Commodities (March 8, 2010).’  Add a few shares of a United States Senator to your 401(k) portfolio.”

. . .

K          “Yet the ordinary citizen cannot be a large shareholder.”

J          “The ordinary citizen still can toil as a sharecropper for the shareholders.  The citizen cannot own anyone or anything of substance.  And only the Owners can own the apparatchiks.  It is very subtle.”

K          “There is no ‘Nader, Inc.’  I looked it up.”

. . .

K          “‘Kennedy, Inc.’ has executed a Memorandum of Understanding with ‘Harvard, Inc.’, ‘Bush, Inc.’ with ‘Yale, Inc.’, ‘Trump, Inc.’ with ‘Penn, Inc.’, ‘Clinton, Inc.’ with ‘Stanford, Inc.’ and now ‘O’Bama, Inc.’ with ‘Harvard, Inc.’ and ‘Chicago, Inc.’.”

J          “They sure have inked a lot of inside deals.  Yet ‘Clinton, Inc.’ plays the field and also owns and is owned by ‘Yale, Inc.’.”

K          “Clinton clearly plays the field, yet so do some of the others.  If there is a formal MoU, the kids just show up in the Fall; if there is not a formal MoU, the kids are encouraged to call ahead and let the administrators know they are matriculating.  Unless something more sexy comes up in the interim.”

J          “That’s what I heard.  Seems to work.  Well.”

. . .

K          “The kids who should not make it, do.  The kids who should make it, don’t.”

. . .

K          “There is so much inbreeding and cross breeding.”

J          “With predictable consequences.”

. . .

[See the e-commentary at “The ‘Ownership State’ and ‘Bush, Inc.’ (April 11, 2005)”, “Corporations United (February 15, 2010)”, “Commodities Futures / Future Commodities (March 8, 2010)”, “Schooling The Apparatchiks For the Kleptocrats (December 7, 2015)” and “On Merit and the Meritocracy (January 11, 2010).”]

[See the incisive commentary of America’s greatest political, economic and social commentator of the last century, George Carlin.  Professor G. William Domhoff’s classic examination of power in America, Who Rules America?, could serve as the written text and footnotes to accompany Professor Carlin’s public presentations.  Both develop observations developed earlier by Professor C. Wright Mills in The Power Elite.]

Bumper stickers (or window stickers) of the week:

Harvard, Inc. College            Yale, Inc. Law School

The Elite ain’t.

If Hamilton returned today to survey the outcome of his financial innovations, he would be appalled, outraged and disgusted by the degeneration of the American economy into a Kleptocracy. 

First Annual Noble Prize In Eco-nomics (October 10, 2016)

Posted in Awards / Incentives, Banks and Banking System, Courage, Credit Unions, Crime/Punishment, Economics, Economics Nobel, FDIC, Journalism, Kleptocracy, Law, Newspapers, Nobel Prize, Noble Prize, Press/Media, Rule of Law, Song Reference on October 10, 2016 by e-commentary.org

. . .

K          “An award dedicated to acknowledging and celebrating the work of someone on the planet who really knows something about eco-nomics.”

J          “Novel.  Appropriate.  Necessary.  And unprecedented.”

K          “The recipient of the first annual Noble Prize In Eco-nomics is . . . Professor William Kurt Black, Esq. professor of law and economics with the University of Missouri at Kansas City.  With decades of substantial and substantive real world experience, Professor Black examines and explicates the workings of banks and the banking system in the United States and the world with insight and conviction.  In his classic, timely and timeless magnum opus The Best Way to Rob a Bank is to Own One, he advances the conservative notion that those in the banking industry who commit systematic and rampant fraud should be convicted.  In an inspiring TEDxUMKC presentation available at TED the national public forum, he notes that bankers deploy banks as weapons of mass destruction against the public.  Unlike so many other law professors and judges who explore the interface of law and economics, he contends that law and economics should serve more than the interests of the wealthy and the powerful.  A felicitous contributor to the public discourse and dialogue, Professor Black’s continuing academic and personal commitment to the common weal and greater good is a good thing.”

. . .

[“This is Walter Kingsbury Brinkley, XYZ News, New York.  Earlier today, the highly coveted Noble Prize In Eco-nomics was awarded to Professor William K. Black, Esq. of the University of Missouri at Kansas City.  In his most celebrated work, Professor Black contends among other observations that the adoption of the rule of law in America is a swell idea.  In a related development, the Swedish bankers convened and announced the 2016 Nobel Prize in E-con-omics given to the individual who has or individuals who have done the most during his, her or their career to advance the interests of the wealthy and powerful.  . . . “]

[See the e-commentary at “Announcing The First Annual Noble Prize In Eco-nomics (May 2, 2016)”, “Award Deadlines (Livelines?) (July 25, 2016)”, “From e-con-omics to eco-nomics? (August 1, 2011)” and “Skip the Nobel in Economics (Oct. 6, 2009).”]

Bumper stickers of the week:

“Yes, as through this world I’ve wandered I’ve seen lots of funny men; Some will rob you with a six-gun, and some with a fountain pen.”  “The Ballad of Pretty Boy Floyd” by Woody Guthrie (c) 1958 (renewed) Woody Guthrie Publications, Inc.

Give a man a gun and he can rob a bank; give a man a bank and he can rob the world.

Government Bureaucracy 101 (September 26, 2016)

Posted in Bureaucracy, Global Climate Change, Global Warming, Government Regulation, Hypocrisy, Journalism, Kleptocracy, Newspapers, Press/Media on September 26, 2016 by e-commentary.org

. . .

K          “When you find the need for the government to be there, it is nowhere to be found; when you need the government to be off your back, it finds a way to be in your face.”

J          “To be or to be.  That is the quandary.”

. . .

J          “I find that so many individuals today do not want to work and do not want government to work so they go to work for the government and do not work and then the government does not work.  They rationalize their studied indifference by saying they are getting government off our backs.  At least this species of overpaid and underworked bureaucrats is not in your face, only in your pocket book.”

K          “So many times the bureaucrat with all the resources of the bureau could have done something in the face of a clear need for action.  If there is any possible downside to the bureaucrat or the activity requires effort, nothing is ever done.  At all.  And those terrified and overpaid bureaucrats include judges who are often the worst offenders.”

. . .

K          “That is still a problem.  There are those times when there is a need for the government to work.  I am trying to make the government work.”

J          “Sounds like a romantic to me.”

. . .

K          “Some bureaucrats in the Environmental Protection Agency are trying diligently to protect the environment.”

J          “There are exceptions.”

. . .

[See the e-commentary at “Go East, Young Person (August 25, 2014)” and “‘Titters’ v. ‘Self-Unemployed’ (September 1, 2014).”] 

Bumper stickers of the week:

The system works for most journalists, so most journalists report that the system works.

“When you find the need for the government to be there, it is nowhere to be found; when you need the government to be off your back, it finds a way to be in your face.”

“I find that so many individuals today do not want to work and do not want government to work so they go to work for the government and do not work and then the government does not work.” 

“All government, in its essence, is a conspiracy against the superior man: it’s one permanent object is to oppress him and cripple him. . . .  The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos.  Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane and intolerable, and so, if he is romantic, he tries to change it.  And even if he is not romantic personally he is very apt to spread discontent among those who are.

The notion that a radical is one who hates his country is naïve and usually idiotic.  He is, more likely, one who likes his country more than the rest of us, and is thus more disturbed than the rest of us when he sees it debauched.  He is not a bad citizen turning to crime; he is a good citizen driven to despair.”

H.L. Mencken

National Financial Literacy Month: Teaching Financial Literacy In The “Debt Age” (April 25, 2016)

Posted in Awards / Incentives, Consumerism, Economics, Economics Nobel, Federal Courts, Kleptocracy, Nobel Prize, Noble Prize, Schooling on April 25, 2016 by e-commentary.org

. . .

K          “But do they really want them to be financially literate.”

J          “Who wants a citizenry to be financially literate.  Illiteracy is so profitable.”

K          “What would they teach.”

. . .

K          “For a few hours, they should teach them simply to consume less.  That is the answer.  Devour less.  That goes against the spend and spend and spend and consume and consume and consume mantra they are fed every waking moment on every medium everywhere they venture.”

J          “The same corporations and institutions that ceaselessly propagandize them to spend then underwrite a few hours of instruction advising them, in effect, not to spend.”

. . .

K          “You could teach supply and demand, yet supply and demand no longer drive or dictate price.”

J          “Price/earnings ratios remain a sound financial metric in an economy with accurate price discovery.  With all the government and private sector manipulation and intervention, they are not relevant or reflective metrics of reality.”

. . .

K          “Markets do not exist.  The ‘stock market’ is a Racket.  What few insider trading cases are prosecuted are overturned and repudiated by obliging federal appellate courts doing their job protecting the Kleptocracy.”

. . .

K          “Personal finance courses would at core contradict all the carpet bombing saturation advertising inflicted on the public.  And look how the consequences define our age.  We have evolved from the ‘Stone Age’ to the ‘Bronze Age’ and now to the ‘Debt Age’.”

J          “Still prudent to avoid debt at any cost unless the return is nearly certain.  The debt one assumes to spend time around a college may not be worth the return.”

K          “To the individual and also to society.  Buying a used car and not eating at a restaurant are sound pieces of financial literacy advice.  However, someone must buy new cars and frequent restaurants on occasion.”

J          “The loans for new cars exceed the expected life of the cars.  Restaurants are moving to computer ordering and eliminating the wait staff.” 

. . .

K          “All prices are manipulated and manufactured.  What would you teach.” 

J          “Most current economic curricula in America’s colleges and universities is a secular religion built on inaccurate assumptions and the conviction that growth can continue forever.”

K          “To educate the Nobel Prize winners in Economics in economics, night classes in financial literacy could be offered.”

J          “The classes for them would need to be scheduled around their daily teaching schedules propagandizing the religious orthodoxy.”

. . .

[See the discussions of the “Save” program and the “Credit Abuse Resistance Education” program.]

[See the e-commentary at “Consume, Don’t Invest (Nov. 9, 2009).”]

Bumper sticker of the week:

“The more flak you get the closer you are to the target.”  World War Two bomber’s observation

The FBI File:  The American Imprimatur Of Success (January 18, 2016)

Posted in Awards / Incentives, Civil Rights/Civil Liberties, FBI, Genius, Kleptocracy, Police on January 18, 2016 by e-commentary.org

. . .

K          “In grammar school, they extol the sacrifices and accomplishments of Woodrow Guthrie, Martin King, John Kennedy and their like and ilk.”

J          “Artists, patriots, visionaries.  The usual suspects in America.”

K          “Only a few keep reading and realize that the true mark and measure of greatness in America is to be monitored and harassed by the FBI.”

J          “Nobels, Pulitzers, Grammys and Oscars are SO overrated.”

K          “How about calling it a ‘Hoover Award’ because he and his clan were hoovering information long before data mining was all the rage.”

J          “Outrage?”

. . .

K          “Some of the rank and file in the FBI have quietly and patiently collected a file on the real economic criminals in America, yet they are not allowed to act.”

. . .

J          “The machine gun demonstration at the end of the tour made an impression on a young mind.”

K          “Amazing that they still call it the ‘Hoover Building’ despite all the revelations.”

J          “I thought about becoming ‘Efrem Zimbalist, III’ every week.”

K          “Me too.”

. . .

[See the e-commentary at King Daze (January 20, 2014).]

Bumper sticker of the week:

FBI:  America’s Stasi?

Schooling The Apparatchiks For The Kleptocrats (December 7, 2015)

Posted in Bureaucracy, Education, Kleptocracy, O'Bama, Schooling, Wall Street on December 7, 2015 by e-commentary.org

. . .

J          “Harvard and Yale are in business to make a profit and provide the foot soldiers to protect those making a profit.  Columbia has stepped up its game.  Both Eric Holder and Lonny Breuer each bagged a pair of degrees from Columbia and dutifully served Wall Street while on the public pay roll.  First Covington & Burling, then time in the Department of Justice (?), and then back to C & B to protect the Owners.  They did their time in government, but they did not encourage the criminal banksters to do their time in government custody.”

K          “I have said for some time that Morningside Heights is in business to protect its friends down the road in Manhattan.  Once Wall Street took a controlling stake in O’Bama, Inc., it was game over.  The game was over on or before January 20, 2009, yet it did not make that night’s sports highlights.” 

J          “The grand irony is that rather than quash any and all prosecutions of Wall Street fraud, Holder and Breuer could have aided and abetted their past and future colleagues by allowing them to get rich quashing government subpoenas.” 

K          “And then toss in Glenn Hubbard, a deceptive and dishonest errand boy for the banks and corporations.  Where is he proselytizing and propagandizing?”

. . .   

K          “On the other hand, Columbia also provides a haven for Joseph Stiglitz and James Hansen.”

J          “And William Kunstler did not toil and moil for C & B.”

. . .

[See the e-commentary at America’s Fraud Factories (October 18, 2010)On Merit and the Meritocracy (January 11, 2010)Close the Harvard Business School (February 23, 2009) and Higher Education Tomorrow (November 27, 2006).]

Bumper stickers of the week:

Politicians should dress like race car drivers.  At least we would know who their corporate sponsors are.

74 years today.