Hello reader…. Below is an article written in the early part of 2009. Please forgive any improper grammar or confusing graphics, as this was among one of my first feature articles. Enjoy!
In the global economic crisis public outrage is unavoidable. Outrage for the reward of failure, for the reckless practices of Wall Street, and the blurring of corporate and governmental power. But don’t worry the elites have got it covered. They’ve got the bus all fueled up, and the patsies bound and wedged under the tires. All they need is for the public to step on the gas.
click image to enlarge
The persecution of Ken Lewis, CEO of Bank of America is only the latest in the rather successful diversionary tactics or “controlled opposition” arranged by the media and it’s knee deep in Wall Street owners. After the inquisition of AIG, and the bomb being dropped on GM CEO to pack his bags, it might appear that progress is being made. That is the m.o. of Moveon.org, a political action organization of 3.2 million members. The organization claims nonpartisan allegiance but unwaveringly supports all of President Obama’s initiatives and continues to perpetuate the fallacious left-right paradigm. For months I have been receiving their newsletter with ridiculous initiatives to petition for Obama’s Stimulus Bill to be passed without further delay (or review of the insidious earmarks), to cap executive pay (which will ensure continued poor management when you consider that most qualified candidates will choose to work with smaller boutique banks and firms for easily twice the money.) and generally support the exponential growth of an already Big-Government, all in the name of “solving the problem”. And it has worked like gangbusters thus far. But I guess that’s what you get when your demographic are liberals, still steaming from the past eight years of incompetent leadership. Couple that with the fact that a fair majority of their audience are passive news consumers dependent on the corporate media for their world paradigm, and watered down economic coverage. What that results in is a segment of society with just enough information to have somebody to be angry at, regardless of his or her level of involvement.
The latest campaign follows the proven strategy that vilified AIG. Blame the execs for being irresponsible and greedy. Granted CEO Ken Lewis is a parasitic robber baron. MoveOn.org does a very good job of covering his shady actions including acquiring Merrill-Lynch while his company was in financial distress, securing $3.5 Billion in bonuses for top execs while laying off 35,000 employees, and conspiring to “defeat the Employee Free Choice Act, a bill that makes it easier for workers to form unions.”~2. There is no question Lewis should be fired. That I will not argue. But this responsibility lies entirely on Bank of Americas Directors and Shareholders; not on the government as MoveOn.org promotes.
The offered whipping boy, in this instance, is low man on the totem pole. He only made use of the instruments of corruption the very same people in government, tasked to fix the problem, provided for him. In the April 8th newsletter it states “We can’t trust the same people who got us into this financial mess to help lead us out. Replace the leadership at the bailed-out banks, starting with Bank of America CEO Ken Lewis.”. It goes on to say “sign our petition asking Treasury Secretary Geithner replace the leadership at bailed out banks.” The irony of those statements is that this request is akin to asking a mafia captain to banish one of his minions because they stole our money. With enough people making a ruckus he may very well do that, but he will continue to squeeze us on the individual level. Like reducing tax deductions for all Americans while raising and creating new taxes.
The fact of the matter is that this simply will not solve the problem, but rather allows those bankster/politician double agents doing the looting to continue doing so without drawing too much attention. Once we see this action for what it is… a distraction, we can begin to understand the scope and scale of this widely misunderstood fascist coup.
In the following articles I will outline exactly how it is, and to what extent the bankster elite are attempting to take their agenda to.
Org Chart Sources:
1. “Fire Them”, MoveOn.org Newsletter, April 8,2009
2. Sins of the CEO:
- a. “Bailout Recipients Hosted Call to Defeat Key Labor Bill” Huffington Post, January 27, 2009
http://www.huffingtonpost.com/2009/01/27/bank-of-america-hosted-an_n_161248.html
- b. “Thain tells investigators BofA’s Ken Lewis knew of bonuses,” CNN Money, February 20, 200
http://money.cnn.com/2009/02/20/news/companies/boa.merrill.reut/index.htm - c. “Bank of America CEO Ken Lewis scores another deal” Fortune, September 15, 2008
http://money.cnn.com/2008/09/15/news/companies/barr_merrill.fortune/index.htm
3. Explanation of Derivatives:
- a. Wikipedia Definition: http://en.wikipedia.org/wiki/Derivative_(finance
- b. “Finally, an understandable explanation of derivative markets”, simple-trading-system.blogspot.com, April 7, 2009.
http://simple-trading-system.blogspot.com/2009/04/finally-understandable-explanation-of.html - c. Blame Beyond Washington for the Financial Crisis – 12 deregulatory steps to financial meltdown KilltheFed.com, March 13, 2009 http://www.killthefed.com/financial-crisis/blame-washington-financial-crisis-12-deregulatory-steps-financial-meltdown/
- d. “Paralytic Debt Poisoning”, Huffington Post, April 1, 2009
http://www.huffingtonpost.com/max-keiser/paralytic-debt-poisoning_b_181577.html
4. Geithners involvement with the drafting of the TARP bail out plan:
- a: “Geithner botches bail out plan”, Euromoney.com, February 17, 2009
http://www.euromoney.com/Article/2103356/Geithner-botches-bailout-plan.html - b. “Panel: Treasury Has Overpaid $78B In TARP Transactions”, theatlantic.com, February 6, 2009
http://business.theatlantic.com/2009/02/panel_treasury_has_overpaid_78b_in_tarp_transactions.php - c. “Four Myths About the Obama / Geithner Plan”, seekingalpha.com, February 12, 2009 http://seekingalpha.com/article/120127-four-myths-about-the-obama-geithner-plan
5. Glass-Steagall Act and Commodity Futures Modernization Act:
- a. “Geithner’s Dirty Little Secret,” Asia Times, April 3, 2009
http://www.atimes.com/atimes/Global_Economy/KD03Dj02.html - b. “Rare Media Criticism for Obama’s Cabinet”, Fair.org, December 8th, 2008
http://www.fair.org/blog/tag/glass-steagall-act/
- c. “Shattering the Glass-Steagall Act”, Counterpunch.com, September 19, 2008
http://www.counterpunch.org/kaufman09192008.html
6. The $1.144 Quadrillion Dollar Global Derivitives Crisis:
- “The Size of Derivatives Bubble = $190K Per Person on Planet”,
Silicon Valley Watcher, October 16, 2008
http://www.siliconvalleywatcher.com/mt/archives/2008/10/the_size_of_der.php
7. “Financial Rescue Nears GDP as Pledges Top $12.8 Trillion”, Bloomberg, March 31, 2009
Being a marketing professional I tend to see the sales pitch in everything. In reality, P.R. and Propaganda are indistinguishable. So I have taken it upon myself to show you how I see things through trained eyes.
