Wall Street Demonstrators 'Confused?'
Various protestors have quoted the "occupy Wall Street" group's statement:
"1 percent of the people have 99 percent of the money."
They're incorrectly attaching the phrase to America's corporations and businesses; large and small. If they were able to reason out the problem, they'd find that that "1 percent" really refers to the federal government, chiefly to those who control the administration from 'behind the curtain.' Those hiding 'behind the curtain' are additionally controlled by financier and former Nazi employee, George Soros and the vast network of socio-fascist (read: Nazi), communist organizations he funds.
The "occupy Wall Street" group is forgetting:
**Back when the TARP bank-bailout was in it's infancy, the Treasury Department--in concert with other regime heads-- exercised dictatorial power over the U.S. banking industry in ordering Vikram Pandit (Citigroup), Jamie Dimon (JP Morgan), Richard Kovacevich (Wells Fargo), John Thain (Merrill Lynch), John Mack (Morgan Stanley), Lloyd Blankfein (Goldman Sachs), Robert Kelly (Bank of New York) and Ronald Logue (State Street Bank) to Washington 'for talks.'
**These 'talks' amounted to then-Treasury Secretary Henry Paulson gettin' these guys in a room and ordering them to accept TARP funds when in actuality, most did not need the funds! Some funds were used against TARP rules:
**Members of the JP Morgan Chase hierarchy publically stated:
"They would be using their capital base monetary strength to acquire new businesses, primarily due to the funds provided by TARP.(This is the 'against TARP rules' part)"
JP Morgan Chase CEO Jamie Dimon stated:
"JP Morgan would be fine if we stopped talking about the damn nationalization of banks. We've got plenty of capital. To the policymakers I say, where were they?.... They approved all these banks. Now they are beating up on everyone, saying look at all these mistakes, and we're going to come and fix it."
**Fed Chairman Bernanke instituted Quantitative Easing 1 in March, 2009 at a cost of $1.75Thousand-Billion in additional printed currency, plus $300Thousand-Million in longer term Treasuries. QE-1 failed miserably in it's attempt to free up credit to small businesses.
**Fed Chairman Bernanke instituted Quantitative Easing 2 in November, 2010, by buying an additional $600Thousand-Million in Treasuries by printing an equal number of 'dollar-bills.' QE-2 failed miserably in it's quest to significantly reduce the unemployment rate.
**Fed Chairman Bernanke can institute Quantitative Easing 3, pretty-much any time he wants to, for any reason.
The miscreants involved with 'occupy Wall Street' are a full 180 degrees 'out-of-phase' with their blame assignments. Instead of blaming their problems on the "Captains of Industry" and various purveyors of prosperity, they should be taking aim at the "Clown Prince ZERO-bama, The Narcissist" regime. These socio-fascists are the true economic destroyers through their various failed methods of control over the marketplace! The public has been forced into failed policies of The Federal Reserve Bank much like the nation's eight largest banks were forced to take TARP funds most didn't want, didn't need!!
The current fascist regime is gaining ground--much to the detriment of 'The American Dream'--in promoting and continuing the dependency mindset! This 'occupy Wall Street' demonstration is but the beginning of the ZERO-bama Revolution. Soon to appear will be the various labor, service and teachers unions. We can expect the New Black Panther Party as well, if for no other reason than to bash the heads of those who oppose the revolutionaries!!
[The 'victims' TARP agreements:] http://www.scribd.com/fullscreen/15403027