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Nice illustration of criminal tricks used by private equity (from comment by jomellon to [Mar 30, 2009]The revival of American populism Will there be blood The Economist)
March 29, 2009The Problem that The Economist wants to talk about? Public Outrage a.k.a. Populism.
The other less important problem that a magazine called The Economist might want to address, but which it doesn't want to talk about: the economy is bust, and why.
Typical scenario for the last 18 years:
- January - Private Equity Investor (PEI) has 20 million. He uses it a security to borrow 200 mio from Bank1 to buy a company Widgets. Widgets is a solid manufacturing business with assets of land, factories, patents, a brand, good will and no debts.
- March - Widgets borrows 300 million from Bank2 – no problems, its a solid business – but here comes the bit where it all goes criminal, but not illegal... Widgets pays out 300 million to PEI its owner as a dividend, who repays 200 to Bank1. PEI now has 100 million cash, and has done nothing for it. Widgets however has to pay 20 million in interest per year. PEI now has 100 million.
- July - Widgets also sells its assets: land, patents and so on and leases them back for 30 million a year. The sales bring 200 million which Widgets also pays out to PEI its owner. PEI now has 300 million.
- August - Widgets Pension Fund is 'restructured' bringing a liquid 150 million onto the balance sheet. Widgets has liabilities to its pensioners with little to back them. 150 million is paid out to PEI as a special dividend., PEI now has 450 million.
- December - PEI sells the business to a pension fund, for 100 million, less than he paid as it has a lot of debt, but it is a good business. PEI now has 550
- Recap: Widgets now has 300 million debt causing 20 million a year in interest, plus 30 million in leasing payments. It has pension liabilities and the pension fund is almost worthless. PEI had 20 million at the start of the year and now has 550 million. But the business is still viable, as Widgets can meet its payments.
- 5 years later - Sadly hard times come. Turnover drops, prices drop, costs are cut, people lose their jobs, including engineers, managers, the shop floor and the sales team who did real work for years, created real value, invented the patents, built the brand. It doesn't help. The company has no stores of fat - it goes bust. The banks loans are sour. People lose their jobs, the pensioners cannot be paid.
This happens 100 times so the banks are bust too, but get bailed out by the taxpayer (that's those guys who lost their jobs and pensions at Widgets)
PEI lives happily in The Bahamas with the 550 million which he 'earned' in a fabulous year of 'value creation' made possible by the power of free and light touch regulated markets.
Sadly, due to the complexity of all this the bright chaps at The Economist can not quite see why this is a slightly problematic way to run an economy... Honi suit qui mal y pense.
And if you are wondering whether firms like hedge funds and private equity funds -- significant parts of the "shadow" banking system -- add real value to the economy, you might enjoy this article by Harlan Platt about private equity, The Private Equity Myth. Download Platt. The Private Equity Myth.
The juggernaut of Kohlberg Kravis Roberts & Co. began rolling in 1976 when Jerome Kohlberg and cousins Henry Kravis and George Roberts left Bear, Stearns with about $120,000 to spend. The three invented and dominated the leveraged buyout as they sought investors and borrowed money to acquire Fortune 500 companies in dizzying succession.
Time after time, the KKR men presented a tempting offer. The CEO could cash out his company's existing shareholders by agreeing to sell the company to a new group that would be headed by KKR, but would include a lot of room for existing management. The new ownership group would take on a lot of debt, but aim to pay it off quickly. If this buyout worked out as planned, the KKR men hinted, the new owners could earn five times their money over the next five years. Presented with such a choice in the frenzied takeover climate of the 1980s, manages and corporate directors again and again said yes… To top management a leveraged buyout was the most palatable way to ride out the merger-and-acquisition craze."
They put up very little money of their own funds, but their partnerships made out like bandits. Consider the case of Owens-Illinois: KKR pup up only 4.7 percent of the purchase price. The company's chairman earned $10 million within a few years, the takeover advisors got $60 million, Owens-Illinois was left "gaunt and scaled back," and about five years later, KKR took it public at $11 a share, more than twice what the KKR partnership had paid for it.
Discussing the $26.4 billion buyout of RJR Nabisco Inc., ``Anders goes beyond what has been previously published,'' Bianco wrote, with his convincing assertion that RJR's post-deal crises pushed KKR close to ruin. Leveraged buyouts in general Anders terms ``one of the most profoundly undemocratic ventures the United States had ever seen.'' Their only lasting impact, he says, was to shift wealth from the mass of corporate employees to a managerial elite allied with Wall Street.
"For the first fourteen years of KKR's existence, the buyout firm's hallmark could be expressed in one word: debt… As KKR grew evermore powerful, Kravis and Roberts derived their economic clout from a single fact: They could borrow more money, faster, than anyone else," according to the chronicler of this high-flying firm. KKR acquired $60 billion worth of companies in wildly different industries in the 1980s: Safeway Stores, Duracell, Motel 6, Stop & Shop, Avis, Tropicana, and Playtex. They made piles of money by deducting interest expenditures from their taxes, cutting costs in their new companies and riding a long-running bull market.
This behind-the-scene accounts shows the ambition, pride, envy and fear that characterized the debt mania largely engineered by KKR, a mania that put millions out of work and made a very few very rich.
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Feb 21, 2020 | www.nakedcapitalism.com
If you want proof that private equity is predatory, you need go not further than its concerted efforts to extend and intensify the devastating practice of surprise billing.
Bad enough that patients develop afflictions or have accidents that land them in the hospital. Recovering physically is hard enough. But to then have the stress and financial damage of large and unexpected bills, which are exercises in rent extraction, is the sort of thing that creates Madame DeFarges.
Private equity experts Eileen Appelbaum and Rosemary Batt did the sleuthing to document how private equity has greatly extended and profited from this abuse. What most people do not realize is the degree to which hospitals have outsourced what most people would assume were core functions provided by doctors on the hospital's payroll, such as emergency room doctors. With many large nominally not-for-profit hospital groups run by MBAs out to justify higher pay packages for themselves, many practice areas are in fact outsourced. Private equity has hoovered up these groups. They, and not the hospital, provide the personnel for a particular case, and they make sure to get some out of network practitioners on the team to pad the bills.
One metric: a Stanford study determined that the odds of getting a surprise bill had increased from 32% in 2010 to 43% in 2016, and the average amount had risen over that time period from $220 to $628. A new study in Health Affairs found that this out of network billing raises health care costs by $40 billion per year .
Appelbaum gave a high-level overview in a op-ed in The Hill last May :
Physicians' groups, it turns out, can opt out of a contract with insurers even if the hospital has such a contract. The doctors are then free to charge patients, who desperately need care, however much they want.
This has made physicians' practices in specialties such as emergency care, neonatal intensive care and anesthesiology attractive takeover targets for private equity firms .
Emergency rooms, neonatal intensive care units and anesthesiologists' practices do not operate like an ordinary marketplace. Physicians' practices in these specialties do not need to worry that they will lose patients because their prices are too high.
Patients can go to a hospital in their network, but if they have an emergency, have a baby in the neonatal intensive care unit or have surgery scheduled with an in-network surgeon, they are stuck with the out-of-network doctors the hospital has outsourced these services to .
It's not only patients that are victimized by unscrupulous physicians' groups. These doctors' groups are able to coerce health insurance companies into agreeing to pay them very high fees in order to have them in their networks.
They do this by threatening to charge high out-of-network bills to the insurers' covered patients if they don't go along with these demands. High payments to these unethical doctors raise hospitals' costs and everyone's insurance premiums.
Appelbaum cited Yale economists who'd examined what happened when hospitals outsourced their emergency room staffing to the two biggest players, EmCare, which has been traded among several private equity firms and is now owned by KKR and TeamHealth, held by Blackstone:
.after EmCare took over the management of emergency services at hospitals with previously low out-of-network rates, they raised out-of-network rates by over 81 percentage points. In addition, the firm raised its charges by 96 percent relative to the charges billed by the physician groups they succeeded.
The study also described how TeamHealth extorted insurers by threatening them with high out-of-network charges for "must have" services:
in most instances, several months after going out-of-network, TeamHealth physicians rejoined the network and received in-network payment rates that were 68 percent higher than previous in-network rates.
California and the Federal government tried to pass legislation to curb surprise billing. As we noted, the California bill was yanked suddenly and no one felt compelled to offer an explanation. The bi-partisan Federal effort also failed.
Appelbaum and Batt, in a new article at CEPR, explain how private equity has been throwing money at astroturf group to keep its scam going :
Early in the summer of 2019, Congress appeared poised to protect consumers from surprise medical bills and to hold insured patients financially harmless in situations where they were unable to choose their doctor .
Two solutions, both of which take surprise charges to patients out of the equation, have been put forward. Employers, patient advocates, and insurance companies favor paying out-of-network doctors a rate "benchmarked" to rates negotiated with in-network doctors to hold down health costs. Not surprisingly, this solution is opposed by large physician staffing companies and specialist physician practices that want to continue to charge prices higher than the in-network fees. These doctors' practices, some backed by private equity firms, have been lobbying intensively for a second option that would allow doctors dissatisfied with a negotiated rate to seek a higher fee via an arbitration process that they believe will ensure higher physician pay and higher company revenues and profits.
The campaign by Physicians for Fair Coverage, a private equity-backed group lobbying on behalf of large physician staffing firms, launched a $1.2 million national ad campaign in July to push for this second approach.8 The lobbying campaign bore fruit. In July, [sponsors of the House bill] Pallone and Walden accepted an amendment to allow arbitration, but only in special cases, and it required the arbitrator to use negotiated rates instead of provider charges when deciding on disputes over payment.9 But the private equity-owned physician staffing companies were not satisfied. In late July, a mysterious group called Doctor Patient Unity launched a $28 million ad and lobbying campaign (now up to nearly $54 million) aimed at keeping any legislation to protect patients from surprise medical bills from passing. In mid-September, a representative for Doctor Patient Unity finally revealed what many observers already suspected -- that PE-owned doctor staffing firms Envision Healthcare and TeamHealth were behind the campaign
Agreement on a joint House and Senate bipartisan bill by Senators Alexander and Murray and Congressmen Pallone and Walden nearly made it into the omnibus continuing resolution that passed in December 2019. It was stymied when Massachusetts Congressman Richard Neal, Chair of the House Ways and Means Committee, offered a last-minute alternative. The Neal bill protects consumers from surprise medical bills but requires disputes between providers and insurance companies to be resolved through arbitration. This, of course, is what the PE-owned staffing firms and the doctors' practices they own lobbied for. Lack of support from the Democratic leadership in the Senate and the House delayed passage of the legislation. In his September 2019 fundraising report, Neal reported receipt of $29,000 from Blackstone, owner of TeamHealth.
The entire article is very much worth reading , since it offers more detail on how the private equity firms tightened their grip on these chokepoints. And the threat of legal curbs has had an impact. As the piece also explains, the value of the debt on Envision, the parent of EmCare, and TeamHealth both fell into junk terrain and rebounded a bit when the bills were sidelined for 2019, but remains distressed:
Appelbaum and Batt are pessimistic that anything will get done in 2020:
In the current legislative session, Congress is again working to pass legislation to protect patients from surprise medical bills. But the disagreements in Congress remain unresolved Chances of a compromise bill emerging in this session of Congress do not look good as of this writing (mid-February 2020), and relief for insured patients from unexpected medical bills does not appear to be on the horizon.
However, bond investors clearly think there's still a risk of legislation with some teeth, although the earliest possibility is 2021. Keep your fingers crossed.
jackiebass February 21, 2020 at 6:31 am
Where I live the emergency room doctors are contracted out to a private group. This has been the practice for over a decade. Recently the local hospital got rid of their dialysis services by selling it to a private company. When a person is sick they don't think about asking if the provider is in their network. They simply want treatment to help recover.Another problem is in many areas there isn't a choice. Expensive services can have only one or no providers. That means you have to go out of you area and probably your network. I'm on medicare and chose to be on traditional medicare. You aren't locked into a small network of providers. My supplemental is through my former employer. Unfortunately it's network plan. Occasionally I have services not paid because they are out of network, even though medicare covers 80%. The deductible for out of network is so high that I end up with paying the 20%. I believe there is only one reason for network heart care. It's to increase profits and has little to do with reducing costs.
Shiloh1 February 21, 2020 at 8:02 am
If Al Capone was around today he would be in this criminal enterprise.
Criminal prosecution is the solution. Not "single payer for racketeering" or "mob protection for all".
Best government money can buy.
human February 21, 2020 at 1:05 pm
Capone famously once answered a reporter that, "Capitalism is the legitimate racket of the ruling class."
flora February 21, 2020 at 4:11 pm
I was thinking of Al Capone and his almost untouchable Chicago 'enterprise'. He was untouchable in Chicago because his racket paid off the judges, prosecutors, aldermen, and politicians. It took the feds stepping in to shut Capone down.
How many more people will go bankrupt, or avoid going to the doctor or hospital for fear of bankruptcy because of this PE surprise billing racket? Several state leges are passing or trying to pass legislation to block surprise billing.
Thanks for this post.
hoonose February 21, 2020 at 9:51 am
I hope that you've been negotiating your out of network billings! A third or half off may not be unreasonable. Heck, the hospital only collects about 25% of its total billings!
flora February 21, 2020 at 4:24 pm
This is one reason we need traditional M4A. Traditional Medicare has payment limits that the provider has to accept if they bill Medicare. (Medicare fraud is a problem, but it is tracked and prosecuted.)
Note: Medicare Advantage plans do not have this surprise billing limits protection. see:
https://pnhp.org/news/kathleen-sebelius-and-bill-frist-digging-for-the-medicare-advantage-gold/John Anthony La Pietra February 21, 2020 at 6:34 am
Maybe I'm missing something, but offhand I don't see how this can even be a thing under a single-payer health-care system. If someone knows better otherwise, please enlighten me.
If I've got that much right, could this be another part of the motivation against M4A?
human February 21, 2020 at 7:35 am
Of course it is. A single-payer system will have massive leverage to achieve fair pricing and compensation.
hoonose February 21, 2020 at 11:34 am
Of course providers are all worried that compensations will be too meager and oppressive. For instance if the docs' income expectations go unmet, then they will certainly buck!
Yves Smith Post author February 21, 2020 at 4:58 pm
But the "providers," as in the MDs, are not the beneficiaries, or at least not much. It's the companies that own the practices .which are owned by PE funds.
Cripes February 21, 2020 at 7:05 am
This reminds me of the TV ad running lately featuring a nice young couple opening their cable bill and declaring "Its a ransom note!" as if its the height of comedy that we are living in a kleptocracy where everyone is constantly subject to "your money or your life" banditry we pretend were left behind in central park muggings of the 1970s.
I have recently had multiple occasions that I needed to write on patient responsibility forms that out of network and balance billing is refused, followed with letters citing applicable state laws and CMS contracts barring conduct in my state. It's insane.
Still I have stacks of collection notices I must beat back and win every time. They only need to win once to destroy someone. Have we no prisons?The rapine and dispossession of late-stage American crapitalism (can we finally get to End Stage?) always exceeds our worst expectations.
Crime-infested swamp of a country.Dare we hope a movement can coalesce and endure after a decent man in his waning years is thrust into an historical opportunity to move this train wreck from disaster?
He's the community organizer Obama never was and the new dealer FDR never quite was.
In the flatness of our current political terrain, Bernie's grandfatherly menscheism makes him a moral colossus next to the sniveling careerists and the nefarious old crassus.
1776, 1860, 1932, 1968. What will we make of this year?
On to Milwaukee
John Anthony La Pietra February 21, 2020 at 7:29 am
Can you put the rebuttal into your own easily reproducible form? Either a neat page to staple thoroughly to the bills (copied/printed in needed quantities) or a big rubber stamp with blanks to fill in if applicable?
Yves Smith Post author February 21, 2020 at 5:01 pm
Yes, if you can provide it, I would make it a post. Your version with your state's language and how to find similar language in other states. This is VERY important.
Note I have heard one reader say that their doctors said they wouldn't schedule the surgery if she made an issue out of out of network MDs, that she needed to go elsewhere. So those doctors were completely on board with this practice.
DHG February 21, 2020 at 7:22 am
Anyone who has not made themselves judgment proof really is the fool. No assets, nothing for them to get.
floyd February 21, 2020 at 8:23 am
Disagree -as Chris Hedges says, those people have value as prisoners where they can generate $40K+/yr for some private prison.
flora February 21, 2020 at 5:35 pm
Yep.
"You wouldn't think you'd go to jail over medical bills": County in rural Kansas is jailing people over unpaid medical debt
fnx February 21, 2020 at 1:48 pm
Doesn't mean that can't get a judgment against you! Then you spend the rest of your life trying to avoid having people send money via Paypal or other services direct to your bank account since they can take it. Or winning the lottery or buying a new car the list is endless.
TG February 21, 2020 at 12:14 pm
I am currently visiting some old colleagues in Denmark. I told them about the new practice in the United States of "surprise medical billing."
They were shocked. "Sure that's something Trump would do, but surely the Democrats would stop it?"
Hahahaha.
Susan the other February 21, 2020 at 12:48 pm
As in "Privatize Sovereignty, Socialize Property" by David Cieplay, Blackstone and its ilk have this very business model. In this case they are buying up emergency room doctors' practices – with the promise they will make more money – and passing the cost on to insurance companies (poetic justice) and the state and federal gov. Because we have no laws against this sort of corporate privateering (heaven forbid congress should suddenly remember how and why to legislate), all the costs of health care are socialized and because the PE funds are untouchable they have effectively privatized sovereignty. When we all realize their useful function in this scam is one big nothing burger, congress will have to act. It's just another testament to how venal, immoral, lazy and rotten congress is. I can smell it from here.
Howard February 21, 2020 at 1:37 pm
Besides PE, it also makes sense that the real estate sector in general would be opposed to anything that reduces financial burden (particularly anything that would lessen medical debt) on middle- and lower-middle-income households, because foreclosures and desperation fire sales would then dry up.
TimH February 21, 2020 at 1:59 pm
Here's the California situation, from https://www.dmhc.ca.gov/Portals/0/HealthCareInCalifornia/FactSheets/fsab72.pdf
The law protects consumers from surprise medical bills when:
An enrollee goes to an in-network facility such as a hospital, lab or imaging center, but services are provided by an out-of-network health provider.An enrollee receives emergency services from a doctor or hospital that is not contracted with the patient's health plan or medical group.
JCC February 21, 2020 at 4:13 pm
Yet another anecdote
I've been a relatively healthy individual and so rarely use my insurance. I used it for the first time in 20 years for a full yearly physical (just because it was "that time", not for any health problems). The annual full checkup is, supposedly, fully covered, and I chose a local clinic in my network.
The various clinics involved ended up billing me directly, so far, for over $3500.00, and that was before the colonoscopy bill which still hasn't arrived. I checked my Insurance Portal and, sure enough, the supposed covered charges were listed as "Denied".
So, considering all these costs were supposed to be covered, I took a full day off work (6 solid hours on various phone calls) to get it straightened out. While going through all these bills and working through each charge I discovered 1 bill for a clinic appt (a subsidiary of CVS) that never happened and 1 very high bill for standard blood tests (Quest) that never happened due to a screwup initiated by the CVS-owned clinic. We'll see what happens.
But while talking with one of the Insurance Co. reps she told me a classic surprise billing horror story that happened to her. She gets occasional nosebleeds and one day got a serious one while on the highway before her exit. A CHP officer pulled up behind her after she pulled over to take care of the situation and refused to let her continue on without going to the nearest Emergency Room, so she went.
Her visit lasted 1/2 hour. She was handed a bucket of clean water and a towel. After cleaning up, she waited around for awhile, gave up waiting, washed the towel out, cleaned the bucket out and left. She went on to tell me that 30 days later she recieved a bill from the Emergency Services group at the hospital for $45,000.00. For a towel and a bucket of water.
It took her two days of unpaid time off to get it straightened out and the bill removed.
She then told me she's voting for Sanders, too.
So I've learned three lessons from this; 1) even with insurance things go wrong far too often when it comes to billing issues, and 2) Surprise Billing is far more common than I was led to believe, and 3) Health Insurance/care in this country is riddled with fraud and outright criminality.
Yves Smith Post author February 21, 2020 at 5:07 pm
Hate to tell you, but with a colonoscopy, the exam is covered by Obamacare, but any snipping of polyps is not, and that can easily run to $1000.
The US Is the only advanced economy where colonoscopies are recommended for everyone over 50. In other countries, they are recommended only for people in high risk groups.
If you get an annual ( and it needs to be annual ) fecal occult blood test (easy and cheap, MD puts gloved finger in you, wipes test panel, and tells you right there), the results in terms of detection are on par with colonoscopies.
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Dec 19, 2019 | www.unz.com
renfro December 19, 2019 at 6:23 am GMT 2,600 Words
Tucker could have done a number on Trump friend Schwarzman too.Mark my words you're gonna have another melt down now that all the people who lost their home and ended up in rentals stop paying their rent that is now 2 1/2 times what their mortgage was.
This is another fake bubble being securitized and sold off. Just like putting people into houses with ARMs who couldnt afford them when the rates went up, Scharzman will fill up his rentals to 99% occupancy with special deals to sell them to investors, when the special deal period runs out and the rent goes up people will move out looking for cheaper housing and the securities wont be worth shit.Blackstone Group , CEO Stephen A. Schwarzman Buys Houses in Bulk to Profit from Mortgage Crisis
https://corpwatch.org/article/blackstone-group-buys-houses-bulk-profit-mortgage-crisis
You can hardly turn on the television or open a newspaper without hearing about the nation's impressive, much celebrated housing recovery. Home prices are rising! New construction has started! The crisis is over! Yet beneath the fanfare, a whole new get-rich-quick scheme is brewing.
Over the last year and a half, Wall Street hedge funds and private equity firms have quietly amassed an unprecedented rental empire, snapping up Queen Anne Victorians in Atlanta, brick-faced bungalows in Chicago, Spanish revivals in Phoenix. In total, these deep-pocketed investors have bought more than 200,000 cheap, mostly foreclosed houses in cities hardest hit by the economic meltdown.
Wall Street's foreclosure crisis, which began in late 2007 and forced more than 10 million people from their homes, has created a paradoxical problem. Millions of evicted Americans need a safe place to live, even as millions of vacant, bank-owned houses are blighting neighborhoods and spurring a rise in crime. Lucky for us, Wall Street has devised a solution: It's going to rent these foreclosed houses back to us. In the process, it's devised a new form of securitization that could cause this whole plan to blow up -- again.Since the buying frenzy began, no company has picked up more houses than the Blackstone Group, a major private equity firm. Using a subsidiary company, Invitation Homes, Blackstone has grabbed houses at foreclosure auctions, through local brokers, and in bulk purchases directly from banks the same way a regular person might stock up on toilet paper from Costco.
In one move, it bought 1,400 houses in Atlanta in a single day. As of November, Blackstone had spent $7.5 billion to buy 40,000 mostly foreclosed houses across the country. That's a spending rate of $100 million a week since October 2012. It recently announced plans to take the business international, beginning in foreclosure-ravaged Spain.
Few outside the finance industry have heard of Blackstone. Yet today, it's the largest owner of single-family rental homes in the nation -- and of a whole lot of other things, too. It owns part or all of the Hilton Hotel chain, Southern Cross Healthcare, Houghton Mifflin publishing house, the Weather Channel, Sea World, the arts and crafts chain Michael's, Orangina, and dozens of other companies.
Blackstone manages more than $210 billion in assets, according to its 2012 Securities and Exchange Commission annual filing. It's also a public company with a list of institutional owners that reads like a who's who of companies recently implicated in lawsuits over the mortgage crisis, including Morgan Stanley, Citigroup, Deutsche Bank, UBS, Bank of America, Goldman Sachs, and of course JP Morgan Chase, which just settled a lawsuit with the Department of Justice over its risky and often illegal mortgage practices, agreeing to pay an unprecedented $13 billion fine.
In other words, if Blackstone makes money by capitalizing on the housing crisis, all these other Wall Street banks -- generally regarded as the main culprits in creating the conditions that led to the foreclosure crisis in the first place -- make money too.
An All-Cash Goliath
In neighborhoods across the country, many residents didn't have to know what Blackstone was to realize that things were going seriously wrong.
Last year, Mark Alston, a real estate broker in Los Angeles, began noticing something strange happening. Home prices were rising. And they were rising fast -- up 20 percent between October 2012 and the same month this year. In a normal market, rising home prices would mean increased demand from homebuyers. But here was the unnerving thing: the homeownership rate was dropping, the first sign for Alston that the market was somehow out of whack.
The second sign was the buyers themselves.
"I went two years without selling to a black family, and that wasn't for lack of trying," says Alston, whose business is concentrated in inner-city neighborhoods where the majority of residents are African American and Hispanic. Instead, all his buyers -- every last one of them -- were besuited businessmen. And weirder yet, they were all paying in cash.
Between 2005 and 2009, the mortgage crisis, fueled by racially discriminatory lending practices, destroyed 53 percent of African American wealth and 66 percent of Hispanic wealth, figures that stagger the imagination. As a result, it's safe to say that few blacks or Hispanics today are buying homes outright, in cash. Blackstone, on the other hand, doesn't have a problem fronting the money, given its $3.6 billion credit line arranged by Deutsche Bank. This money has allowed it to outbid families who have to secure traditional financing. It's also paved the way for the company to purchase a lot of homes very quickly, shocking local markets and driving prices up in a way that pushes even more families out of the game.
"You can't compete with a company that's betting on speculative future value when they're playing with cash," says Alston. "It's almost like they planned this."
In hindsight, it's clear that the Great Recession fueled a terrific wealth and asset transfer away from ordinary Americans and to financial institutions. During that crisis, Americans lost trillions of dollars of household wealth when housing prices crashed, while banks seized about five million homes. But what's just beginning to emerge is how, as in the recession years, the recovery itself continues to drive the process of transferring wealth and power from the bottom to the top.
From 2009-2012, the top 1 percent of Americans captured 95 percent of income gains. Now, as the housing market rebounds, billions of dollars in recovered housing wealth are flowing straight to Wall Street instead of to families and communities. Since spring 2012, just at the time when Blackstone began buying foreclosed homes in bulk, an estimated $88 billion of housing wealth accumulation has gone straight to banks or institutional investors as a result of their residential property holdings, according to an analysis by TomDispatch. And it's a number that's likely to just keep growing.
"Institutional investors are siphoning the wealth and the ability for wealth accumulation out of underserved communities," says Henry Wade, founder of the Arizona Association of Real Estate Brokers.
But buying homes cheap and then waiting for them to appreciate in value isn't the only way Blackstone is making money on this deal. It wants your rental payment, too.
Securitizing Rentals
Wall Street's rental empire is entirely new. The single-family rental industry used to be the bailiwick of small-time mom-and-pop operations. But what makes this moment unprecedented is the financial alchemy that Blackstone added. In November, after many months of hype, Blackstone released history's first rated bond backed by securitized rental payments. And once investors tripped over themselves in a rush to get it, Blackstone's competitors announced that they, too, would develop similar securities as soon as possible.
Depending on whom you ask, the idea of bundling rental payments and selling them off to investors is either a natural evolution of the finance industry or a fire-breathing chimera.
"This is a new frontier," comments Ted Weinstein, a consultant in the real-estate-owned homes industry for 30 years. "It's something I never really would have dreamt of."
However, to anyone who went through the 2008 mortgage-backed-security crisis, this new territory will sound strangely familiar.
"It's just like a residential mortgage-backed security," said one hedge-fund investor whose company does business with Blackstone. When asked why the public should expect these securities to be safe, given the fact that risky mortgage-backed securities caused the 2008 collapse, he responded, "Trust me."
For Blackstone, at least, the logic is simple. The company wants money upfront to purchase more cheap, foreclosed homes before prices rise. So it's joined forces with JP Morgan, Credit Suisse, and Deutsche Bank to bundle the rental payments of 3,207 single-family houses and sell this bond to investors with mortgages on the underlying houses offered as collateral. This is, of course, just a test case for what could become a whole new industry of rental-backed securities.
Many major Wall Street banks are involved in the deal, according to a copy of the private pitch documents Blackstone sent to potential investors on October 31st, which was reviewed by TomDispatch. Deutsche Bank, JP Morgan, and Credit Suisse are helping market the bond. Wells Fargo is the certificate administrator. Midland Loan Services, a subsidiary of PNC Bank, is the loan servicer. (By the way, Deutsche Bank, JP Morgan Chase, Wells Fargo, and PNC Bank are all members of another clique: the list of banks foreclosing on the most families in 2013.)
According to interviews with economists, industry insiders, and housing activists, people are more or less holding their collective breath, hoping that what looks like a duck, swims like a duck, and quacks like a duck won't crash the economy the same way the last flock of ducks did.
"You kind of just hope they know what they're doing," says Dean Baker, an economist with the Center for Economic and Policy Research. "That they have provisions for turnover and vacancies. But have they done that? Have they taken the appropriate care? I certainly wouldn't count on it." The cash flow analysis in the documents sent to investors assumes that 95 percent of these homes will be rented at all times, at an average monthly rent of $1,312. It's an occupancy rate that real estate professionals describe as ambitious.
There's one significant way, however, in which this kind of security differs from its mortgage-backed counterpart. When banks repossess mortgaged homes as collateral, there is at least the assumption (often incorrect due to botched or falsified paperwork from the banks) that the homeowner has, indeed, defaulted on her mortgage. In this case, however, if a single home-rental bond blows up, thousands of families could be evicted, whether or not they ever missed a single rental payment.
"We could well end up in that situation where you get a lot of people getting evicted not because the tenants have fallen behind but because the landlords have fallen behind," says Baker.
Bugs in Blackstone's Housing Dreams
Whether these new securities are safe may boil down to the simple question of whether Blackstone proves to be a good property manager. Decent management practices will ensure high occupancy rates, predictable turnover, and increased investor confidence. Bad management will create complaints, investigations, and vacancies, all of which will increase the likelihood that Blackstone won't have the cash flow to pay investors back.
If you ask CaDonna Porter, a tenant in one of Blackstone's Invitation Homes properties in a suburb outside Atlanta, property management is exactly the skill that Blackstone lacks. "If I could shorten my lease -- I signed a two-year lease -- I definitely would," says Porter.
The cockroaches and fat water bugs were the first problem in the Invitation Homes rental that she and her children moved into in September. Porter repeatedly filed online maintenance requests that were canceled without anyone coming to investigate the infestation. She called the company's repairs hotline. No one answered.
The second problem arrived in an email with the subject line marked "URGENT." Invitation Homes had failed to withdraw part of Porter's November payment from her bank account, prompting the company to demand that she deliver the remaining payment in person, via certified funds, by five p.m. the following day or incur "the additional legal fee of $200 and dispossessory," according to email correspondences reviewed by TomDispatch.
Porter took off from work to deliver the money order in person, only to receive an email saying that the payment had been rejected because it didn't include the $200 late fee and an additional $75 insufficient funds fee. What followed were a maddening string of emails that recall the fraught and often fraudulent interactions between homeowners and mortgage-servicing companies. Invitation Homes repeatedly threatened to file for eviction unless Porter paid various penalty fees. She repeatedly asked the company to simply accept her month's payment and leave her alone.
"I felt really harassed. I felt it was very unjust," says Porter. She ultimately wrote that she would seek legal counsel, which caused Invitation Homes to immediately agree to accept the payment as "a one-time courtesy."
Porter is still frustrated by the experience -- and by the continued presence of the cockroaches. ("I put in another request today about the bugs, which will probably be canceled again.")
A recent Huffington Post investigation and dozens of online reviews written by Invitation Homes tenants echo Porter's frustrations. Many said maintenance requests went unanswered, while others complained that their spiffed-up houses actually had underlying structural issues.
There's also at least one documented case of Blackstone moving into murkier legal territory. This fall, the Orlando, Florida, branch of Invitation Homes appeared to mail forged eviction notices to a homeowner named Francisco Molina, according to the Orlando Sentinel. Delivered in letter-sized manila envelopes, the fake notices claimed that an eviction had been filed against Molina in court, although the city confirmed otherwise. The kicker is that Invitation Homes didn't even have the right to evict Molina, legally or otherwise. Blackstone's purchase of the house had been reversed months earlier, but the company had lost track of that information.
The Great Recession of 2016?
These anecdotal stories about Invitation Homes being quick to evict tenants may prove to be the trend rather than the exception, given Blackstone's underlying business model. Securitizing rental payments creates an intense pressure on the company to ensure that the monthly checks keep flowing. For renters, that may mean you either pay on the first of the month every month, or you're out.
Although Blackstone has issued only one rental-payment security so far, it already seems to be putting this strict protocol into place. In Charlotte, North Carolina, for example, the company has filed eviction proceedings against a full 10 percent of its renters, according to a report by the Charlotte Observer.
About 9 percent of Blackstone's properties, approximately 3,600 houses, are located in the Phoenix metro area. Most are in low- to middle-income neighborhoods.
Forty thousand homes add up to only a small percentage of the total national housing stock. Yet in the cities Blackstone has targeted most aggressively, the concentration of its properties is staggering. In Phoenix, Arizona, some neighborhoods have at least one, if not two or three, Blackstone-owned homes on just about every block.
This inundation has some concerned that the private equity giant, perhaps in conjunction with other institutional investors, will exercise undue influence over regional markets, pushing up rental prices because of a lack of competition. The biggest concern among many ordinary Americans, however, should be that, not too many years from now, this whole rental empire and its hot new class of securities might fail, sending the economy into an all-too-familiar tailspin.
"You're allowing Wall Street to control a significant sector of single-family housing," said Michael Donley, a resident of Chicago who has been investigating Blackstone's rapidly expanding presence in his neighborhood. "But is it sustainable?" he wondered. "It could all collapse in 2016, and you'll be worse off than in 2008."
Rebel0007 , says: December 19, 2019 at 6:39 am GMT
This is not surprising that this has happened. All of the de-regulation on Wall Street, lobbied for by Wall Street has allowed this to transpire.sally , says: December 19, 2019 at 7:18 am GMTCongress does not even read the bills that they sign into law, let alone write them! Many are written by ALEC American Legislative Exchange Council, the Chamber of Commerce, the Realtor's assosiation, the Medical Industrial Complex, public employee unions, and various other special interest groups!
Why is it a pressing issue to actively promote homosexuality? What is the point? That is really strange! There is a difference between not actively discriminating and actively promoting!
Are they trying to worsen the AIDS epidemic or lower the birth rate? It does not make sense to be actively promoting and encouraging homosexuality.
@Colin Wright There are many venture capitalist that are not Jewish.. Venture Capitalist don't always advertise their wealth. Not everybody in Wall Street or the City of London is Jewish.mark green , says: December 19, 2019 at 7:23 am GMTI think it is important to separate the Jews from the Zionist , many in that small group (Zionist) are Jewish and Christian but most Jews and most Christians are neither Venture Capitalist nor Zionist. Time after time I have asked my Jewish friends are you are Zionist, and most say they do not really know what Zionism is? Zionism hosts many races among its members; in the states, Christian Zionism is big, maybe bigger even than Jewish Zionism.. see Christian Zionism : The Tragedy and the Turning: the cause of our Conflicts (on DVD) by http://www.Whit.org. .
Zionism is an economic system. Zionism is a winner take all system of Economics . Zionism is like an adult version of the game called King of the Mountain. In such a game, no one is allowed to play unless they first have sufficient resources to be counted, and are then willing to and believe they are personally capable of defeating the then residing well armed king (Oligarch). IMO, all Jews everywhere, would be well advised to avoid being labelled a Zionist<=hence the reason ?
Zionism is not the same as Judaism, its not a race, its not a religion, its not even a culture, it is an economic system with virus like attributes.
@Lot You are quibbling. You are prevaricating. You are obfuscating.Rebel0007 , says: December 19, 2019 at 7:28 am GMTJoyce has assembled a powerful case against a known cast of financial parasites. This phenomena is hardly new. It brings to mind another financial scandal of a generation ago that was chronicled in James B. Stewart's book 'Den of Thieves'.
The mega-wealthy swindlers of that era were also all Jews: Boesky, Siegel, Levine, Milken, among others. Some twenty years later, another Wall Street Jew, Bernie Madoff, succeeds in pulling off the biggest fraud in US history. There's a pattern here.
Yet all you can do, Lot, is deflect, denigrate, and deny.
Joyce is giving us more actual names. These are the actual perps as well as institutions they hide behind. These ruthless predators collude with one another as they exploit the labor of millions of gentiles worldwide, then shower Jewish causes and philanthropies with their loot. Their tribal avarice is revolting. And insatiable.
Do you deny this phenomena?
Is it all just another 'anti-Semitic canard'?
You even claim [Joyce] is
"retarded and highly uninformed".
Retarded?
He's brilliant and persuasive.
Uninformed?
He's erudite and scholarly.
You, Lot, are demonstrating again devious tribal dishonesty. It's glaring, it's shameful, and it's obvious. This is a trait I've observed in virtually all of your writings. You invariably deflect and deny. But Jewish criminality is real.
Joyce aptly concludes:
[T]he prosperity and influence of Zionist globalism rests to an overwhelming degree on the predations of the most successful and ruthless Jewish financial parasites.
So true. So tragically true.
This is a Jewish conspiracy to make Jews look terrible. Congress should slam the breaks here. The de-regulation of the powerful combined with the over-regulation of the powerless is criminally wreckless. Kind of like the friends don't let friends drive drunk approach.HammerJack , says: December 19, 2019 at 7:30 am GMTCongress slam the breaks, yeah right, that'll happen! Lol!
This won't end well.
@Colin Wright Andrew Carnegie left behind institutions like Carnegie Hall, Carnegie-Mellon University, and over 2500 Free Libraries from coast to coast, in a time when very little was done to help what we now call the "underprivileged".PetrOldSack , says: December 19, 2019 at 8:16 am GMTIn fact, he gave away 90% of his massive fortune–about $75 Billion in current dollars. Funding, in the process, many charities, hospitals, museums, foundations and institutions of learning. He was a major benefactor of negro education.
He was a staunch anti-imperialist who believed America should concentrate its energies on peaceful endeavors rather than conquering and subduing far-off lands.
Although they are even more keen to put their names on things, today's robber barons leave behind mainly wreckage.
@anon "Crowing on a pile of dung", global in scope, local and exclusive to thier own.Ghali , says: December 19, 2019 at 8:46 am GMTJews are destroying the world. Everywhere they go, they leave behind nations in ruins. Look at Europe, Africa and the Americas, Jews have left their ugly footprints. Corruption, prostitution, drugs and human trafficking are their trade.Just passing through , says: December 19, 2019 at 8:56 am GMT@anon A combination of both I would say, although some would like to make it out that Anglo-Saxons were the epitome of honour, they too resorted to morallly abject tricks and swindles to acquire their wealth.Sean , says: December 19, 2019 at 9:44 am GMTWASPs allowed Jews into their lands and both of them struck a sort of implicit contract to work together to loot the world, when the word had been sucked dry, the conflict between Jews and WASPs began and Hitler and the National Socialists were a last gasp attempt to save the WASP side from being beaten, in the end higher Jewish verbal IQ gave them the upper edge in the ability to trick people.
It is hard to feel sorry for WASPs, they struck a deal with the Jews centuries ago to work together and were backstabbed, what is happening to these Third World countries will now happen to WASP countries, it is poetic justice. Luckily the torch of civilisation will continue by way of East Asia and Eastern Europe, who were true conservatives in that all they wished was prosperity for their people in their own lands without any aggressive foreign policy moves.
Basically, WASPs thought that they could win in the end, but they were out Jew'd and now they are crying.
The one difference you will notice is that certain subsections of WASPs, notable the British, actually did build infrastructure in the countries they looted, this to me was borne out of a sense of guilt, so to be fair, WASPs were not as parasitic and ruthless as Jews.
But in the end, the more ruthless wins. To quote the JokerYou get what you fucking deserve
@Lot Kyle Bass's fund is called 'Hayman', maybe because the MSM loathe the Bass family that fellow Texican Bass is not related to. They are not the only ones aware of the drawbacks of a name. Elliot is Singer's middle one.silviosilver , says: December 19, 2019 at 9:48 am GMTThe article bounces back and forth between two completely different fields: private equity and distressed debt funds
If someone owes you money and you cannot collect, you factor the account, (sell it on) and then people who are going to be a lot less pleasant about it will pay them a visit and have a 'talk' with them. While it is good to have a domestic bankruptcy regime in which innovation and entrepreneurship is encouraged– to the extent that people are not routinely gaming the system–I don't see why Argentina should benefit. Singer became notorious for what he did to Argentina after he bought their debt, and he is pretty upfront about not caring who objects. Puerto Rico is neither foreign or protected by Chapter 9 of the U.S. Bankruptcy Code so it is a borderline case, which is probably why the people collecting that debt tried to hide who they were.
The way he took down Jonathan Bush and others led to Bloomberg dubbing Singer 'The World's Most Feared Investor'. Singer buys into companies where he sees the management as as failing to deliver maximum value to the shareholders, then applies pressure to raise the share price (in Bush's case extremely personal pressure) that often leads to the departure of the CEO and sale of the company. That immediate extra value for the shareholder Singer creates puts lots of working people out a job. Because of Singer and his imitators, CEO's are outsourcing and importing replacements for indigenous workers in those services that cannot be outsourced. All the while loath to foster innovation that could bring about long term growth, because that would interfere with squeezing out more and more shareholder value.
Singer is less like a vulture than a rogue elephant that is killing the breeding pair white rhinos on a game reserve, and they are going extinct. Well it's a good thing! Thanks to Singer et al (including Warren Buffett) Trump got elected. According to someone in jail with Epstein, he had an anecdote about Trump being asked by a French girl what 'white trash' was, and Trump replied 'It's me without the money'.
Trump is now essentially funded by three Jews -- Singer, Bernard Marcus, and Sheldon Adelson, together accounting for over $250 million in pro-Trump political money. In return, they want war with Iran.
All to the good. Iran won't leave Saudi Arabia (serious money) alone so Iran is going to have to be crushed as a threat to the Saud family like Saddam before it anyway. If the Jews think they are causing it, let 'em think so.
https://www.unz.com/pgiraldi/trump-creates-a-new-nation/
When the Israelis occupy nearly all of the West Bank with Donald Trump's approval and start "relocating" the existing population, who will be around to speak up? No one, as by that time saying nay to Israel will be a full-fledged hate crime and you can go to jail for doing soLoudspeaker goes off " All Anti–Zionist Jews to Times Square ".
@Colin Wright No judeophile, but it's 90% demagogic horsehit.J Adelman , says: December 19, 2019 at 9:53 am GMTGod forbid anybody should ever have to pay back money they borrow! Why, that's utterly Jewish!
These so-called "vulture" funds didn't originate the debt. They simply purchased already existing debt at deeply discounted prices either because the debt was already in default or was at imminent risk of defaulting, which is why the debt sells at a heavy discount, since existing debt holders are often happy to sell cheap and get something rather than hold on and risk getting nothing.
What Joyce zeroes in on is these vulture funds' willingness to use all legal avenues to force debtors to make good on their debts, including seizing the collateral the debtors pledged when they borrowed the money. Joyce chooses to characterize this practice as "Jewish," implying that gentile creditors would instead be overcome with compassion and let the debtors off the hook and wear the loss themselves.
What Joyce regards as a defect of "vulture" funds, others might regard as an benefit. The size of these funds, their legal expertise, and their political connections mean that borrowers can more successfully be held to account. If I owned, say, Puerto Rican debt in my retirement account, the chances that I could make Puerto Rico honor its obligations are much slimmer.
None of this is to suggest that finance, as we today know it, is perfect and that it couldn't be reformed in any way to make its operation more conducive to nationalistic social values, only that anti-cap ideologues like Joyce weave lurid tales of malfeasance out of completely humdrum market economics (which is precisely the same market economics that Tucker Carlson learned about too, btw).
Mr. Joyce
Your obsession with us will prove to be your downfall.
Jewish people have always stood against tyranny against the working class, the poor and other people of color.
The phrases and catch words that you used to vilify Jews are in many cases pulled from the age old tropes used to demonize Jews for centuries and are anti-Semitic through and through. They can't be overlooked nor hidden by claims of legitimate political disagreements.
We know that it is not only the Jewish community that is at risk from unchecked antisemitism, but also other communities that white nationalists target.
I find it very offensive that people like you continue to demonize us for no reason.I dare you to hold a debate with me on this so called "Jewish Influence".
I am not even hiding my name here.
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Jan 01, 2020 | www.unz.com
Mulegino1 says: December 19, 2019 at 5:08 pm GMT 300 Words @J Adleman
You and other whites here are like the bad guys in every horror movie ever made, who gets shot five times, or stabbed ten, or blown up twice, and who will eventually pass -- even if it takes four sequels to make it happen -- but who in the meantime keeps coming back around, grabbing at our ankles as we walk by, we having been mistakenly convinced that you were finally dead this time. Fair enough, and have at it. But remember how this movie ends. Our ankles survive.
YOU DO NOT.Talk about deflection. Any nation, empire, culture or civilization wherein the Jewish collective gains critical mass and ultimately absolute power turns into a real horror, not a movie. The Jews may be said to be the true prototype of the "bad guys in every horror movie", since they can only be gotten rid of by very rigorous means taken in the healthiest and most vigorous cultures and societies. Indeed, antisemitism itself is the healthy immunological reaction of a flourishing culture, and its lack thereof the pathology of a moribund one.
Woke Christians of European provenance have nothing to envy the Jew (the archetypal Jew) over. We realize that the true measure of success is not primarily monetary or the fulfillment of cheap ambitions, but a spiritual and cultural one. On the contrary, the Jewish hatred against Christian Europe and the civilization that it constructed is engendered out of sheer envy and malice, because Jewry understands that is would never be capable of constructing anything similar, and never has. In all of the arts, Jewry has produced nothing of note.
This is not to say that individual Jews have not made contributions to the arts and sciences, but they have done so only by participation in gentile culture, not qua Jews. Jewry only tears down and deconstructs; it is not creative in the sense of high art, and can thrive only in the swamp of gentile decadence and moral putrefaction. Whatever Jewry touches, it turns to merde.
Ilya G Poimandres , says: December 19, 2019 at 5:09 pm GMT
@Anon specifically push them away from materialism and desire for money and power, even at the expense of others. That is the exact point of religion (self-improvement) btw, so the next question is – is the Jewish religion effective?Rebel0007 , says: December 19, 2019 at 5:11 pm GMTAt which point, the Jewish ideology becomes the wolf in the hen house – because it fails to tame the human away from such materialistic desire (as it btw claims it does best).
Should the hens be allowed to point out what they see as a wolf? Yes.
That the supposed wolf then obfuscates and justifies their actions by pointing to others, mostly, betrays that it is, in fact, a wolf.
9/11 Inside job , says: December 19, 2019 at 5:25 pm GMTI have become totally disenchanted with the SEC. Stupid, Evil, Crazy! It would not surprise me if they are the ones that have been terrorizing me, with stupid, evil, crazy chants through appliances after illegallly implaced RFIDs, microchips, or sensors illegally implanted in my ears and nose that started after my first phone was hacked in 2017! Can't expect stupid people not to be stupid, evil people not to be evil, and crazy people not to be crazy! They were just born that way!
@J AdlemanAgent76 , says: December 19, 2019 at 5:33 pm GMTbrookings.edu :
"The US will become minority white in 2045 Census projects " :
"During that year [2045] whites will comprise 49.7 per cent of the population in contrast to 24.6 per cent for Hispanics , 13.1 per cent for Blacks , 7.9 per cent for Asians and 3.8 per cent for multi-racial populations " Are these projections good or bad for the "Jewish people " ?
Robjil , says: December 19, 2019 at 5:39 pm GMTJan 28, 2010 The Creature From Jekyll Island (by G. Edward Griffin)
A Second Look at the Federal Reserve
Nov 22, 2013 Thomas DiLorenzo – The Revolution Of 1913
From the Tom Woods show Loyola economics professor Thomas DiLorenzo discusses three events from 1913 that greatly escalated the transmogrification of America from the founder's vision (limited government) to its current state (unlimited government).
@Onebornfree 001. It just as murderous as the first Zion century.More R1b, Less H1B , says: December 19, 2019 at 5:45 pm GMTIf we had a free press that calls out the Jewish Zion Mafia that in itself would solve the problem.
This Zion Mafia is destroying our planet faster than any Climate Change or any pollution.
Yet, we can not speak about it. It is anti-S to speak about what the Big Js do.
Onebornfree, the J mafia roams the world without being bound to any nation. A nation-less world would not stop their menace.
The best way to stop this world wide menace is free speech to talk about it. Usury control is the next step to end this menace to our planet.
@Lot sons of Abraham name their businesses after themselves (I'm sure this will insincerely be attributed to some fear of native kulaks' repressed urge-to-pogrom, even in Finland or Japan.) The other is an observation made by an associate of a famous Austrian landscapist: even merely remarking on their origins causes these guys mental distress.Mefobills , says: December 19, 2019 at 5:51 pm GMTHere in the melting pot, the difference couldn't be any starker. You can make small talk with any flavor of goy based on it: that's a Polish name, isn't it? Yeah, how did you know! Try this one with Levy or Nussbaum down at The Smith Group or The Jones Foundation and watch them plotz.
Digital Samizdat , says: December 19, 2019 at 6:01 pm GMTJews have always weaponized usury. Long before Christianity, Jews operated the East/West mechanism on donkey caravan trade routes. Silver would drain from the West, and Gold would drain from the east, while Jewish caravaneers would take usury on exchange rate differences. This operated for thousands of years.
Haibaru donkey bones have been discovered outside of Sumer. The Aiparu/Haibaru (Hebrew) tribes were formed as merchants operating between city states. In those days, psychopaths and criminals would be excommunicated from civilized city states, and would take up with the wandering merchant tribe.
Why do you think the Jew is always interested in owing the money power? Why do you think the Jew perpetually stands outside the walls of the city state, plotting its destruction?
History tells us things, and we had better listen. That is – real history, not what you learned in (((public skool))). There are two ways to deal with the Jew: 1) Remove him from your country. 2) Limit him.
Limiting was done by Byzantium under Justinian. The Jew was limited FROM money counting/banking; limited from participation in government; limited from access to pervert young minds – especially as school teachers and professors.
It takes a King or Tsar who cares about his population, and is willing to eject or filter out toxins from the body politic. (((Democracy))) is a failed form of government, whereby monied Oligarchs control the polity by compromat and pulling strings.
You are not going to be able to vote your way out of the Jew problem.
@Colin WrightAgent76 , says: December 19, 2019 at 6:03 pm GMTEchoing words once supposedly used by Hermann Goering: whenever I here the word 'philanthropist' these days, I instinctively reach for my revolver!
Mefobills , says: December 19, 2019 at 6:07 pm GMTJan 23, 2012 Why the Constitution Had to Be Destroyed | Thomas J. DiLorenzo
Archived from the live Mises tv broadcast, this lecture was presented by Tom DiLorenzo at the Mises Circle in Houston on 14 January 2012.
@Ilya G Poimandres edina. Ergo, Wahabbi Islam and the Takfiri's are doctrinaly correct, while Judaizer Christians (those that worship the old testament) are out of alignment and heretics.Robjil , says: December 19, 2019 at 6:18 pm GMTJudaism is actually a new religion that came into being after 73 AD, when the verbal tradition (Caballa) became written down into Talmud.
Our Jewish friends have always been practicing usury, going back to since forever.
Our Jewish friends, I count as worse that Islamics. However two wrongs don't make a right. Islam badly needs reform or to be expunged. Talmudic Judaism is by far the worst religion on the planet, and its adherents must malfunction by definition.
@9/11 Inside jobMefobills , says: December 19, 2019 at 6:20 pm GMTJewish bigwigs think that the world will be their oyster if there are less White Euros in the world.
Yet, Jewish Advisors have been at the top of white Euro nations for centuries as their oyster to pillage the planet.
Non-White Euro people may not be so welcoming to Jewish Advisors at the top telling to them to go to war or pillage their fellow non-White Euros.
I don't think that the big Jews at the top thought this out too much.
@Onebornfree You are missing something because you are unwilling to adapt and learn with new information. This makes you an ideologue.Rebel0007 , says: December 19, 2019 at 6:30 pm GMTLibertarianism IS A JEWISH CONSTRUCT.
There are no such things as free markets. Money's true nature is law, not gold. Money didn't come into being with barter and other nonsense lolbertarians believe.
Most of the luminaries that came up with "libertarian" economics are Jews, and it is a doctrine of deception. The idea is to confuse the goyim with thoughts and ideas that make them easy pickings.
A determined in-group of predators operating in unison, will take down an "individual" every-time.
alex in San Jose AKA digital Detroit , says: December 19, 2019 at 6:34 pm GMTDon't expect anything to improve with Jay Clayton as SEC Chair, and his wife and her father Gretchen Butler Clayton who was CEO of CSC and mysterious WMB Holdings which share the same address in addition to many Goldman Sachs divisions. Gretchen was employed by Goldman Sachs as an attorney from 1999-2017. Many companies affiliated with the Panama Papers share the same address as well.
Secrecy has expanded under Clayton.
Digital Samizdat , says: December 19, 2019 at 6:36 pm GMTJewish people have treated me better than my own White Euro family.
Jews are tribal, gee what a surprise after 1000's of years of people trying to wipe them out . and so their charity is within the tribe, but there is no charity within the tribe among Whites.
Jews, along with Asians and at least some Africans, believe in not just climbing the ladder, but in actually helping others – at least family – up it also. Whites believe in climbing the ladder and then pulling it up after them.
I was explaining to a friend recently: My (relative) has proven that if I showed up at their door, starving, they'd not give me a cheese sandwich, while in my experience, strangers have been overall a fairly kind lot and a stranger, 50/50, might. Therefore, while I find the idea of robbing or burning down the house of a stranger abhorrent, I don't mind the idea so much when it involves a person who's proven to be cold and evil.
For more on this, see the book Angela's Ashes. The Irish family could have stayed in New York where they were being befriended by a Jewish family. There was a ray of hope. The Irish kids, at least, would have been fed, steered into decent schooling, etc. But foolishly they went back to Ireland, to be treated like utter dogshit by their fellow White family and "people".
Most of the predation going on in the US and worldwide is being done by WASPS who are using Jews as a convenient scapegoat.
@tono bungayDigital Samizdat , says: December 19, 2019 at 7:01 pm GMTFeel free to offer us some counter-examples, tono. How many such funds to you know of that aren't disproportionately Jewish? We're all ears!
renfro , says: December 19, 2019 at 7:16 pm GMTFinally! An intelligent criticism of Trump for a change. So tired of the brainless Democrat/MSM impeachment circus. They make me feel like a reflexive MAGAtard just for defending the constitution, logic, etc., from their never-ending stream of inanities. Meanwhile, the real problem with Trump is not that he's Hitler; it's that he's not Hitler enough!
I am also so tired of Zionist-loving cucks bleeting on about the evils of the CRA without ever considering the role played by the (((profiteers))) who lobbied such policies into law in the first place. Realize that what Paul Singer does for a living used to be illegal in this country up until recently. That's right: US bankruptcy law used to forbid investors from buying up debt second-hand at a discount and then trying to reclaim the entire face value from the debtor. But I see all kinds of people even on this thread blaming the victim instead -- 'Damn goyishe deadbeats!' Whatever
What Singer and the other Jewish vultures engage in is not productive, and isn't even any recognisable form of work or business. It is greed-motivated parasitism carried out on a perversely extravagant and highly nepotistic scale. In truth, it is Singer and his co-ethnics who believe that money can be printed on the backs of productive workers, and who ultimately believe they have a right to be "showered by free stuff promised by politicians."
Nuff said?
@anon maintain your honor, and manners and still succeed. Jews take the easy low road of deception and cheating. WASP take the higher road of harder work and ethical business practice.the grand wazoo , says: December 19, 2019 at 7:19 pm GMTWALL STREET'S LAST GENTLEMAN, Richard Jenrette
[MORE]Ilya G Poimandres , says: December 19, 2019 at 7:28 pm GMT"Permit me to issue and control the money of a nation and I" care not who makes its laws"
That is what Mayer Amschel Rothchild said in the 1750s. Now, is it a stretch of my imagination to believe the Central Banks of the West, all Jewish controlled, would unfairly favor their 'own' when issuing or disbursing the money they are permitted to create.
We are not allowed to audit the Federal Reserve, so we know not what they do with it beyond what they tell us. In 2016 it was discovered that between the year 1999 and 2016 well over $23 trillions had been stolen from just 2 departments of our government, the DoD and HUD. (Someone should look at NASA). Is it possible the seed money, for not only Venture capitalists schemes but also buying governments and law makers, has been diverted, shoveled out of the back door of these corrupt central banks and into the hands of their fellow jews?
Anyway, the more exposure articles like this get the closer we get to ending their reign.@Mefobills he pressure will only be towards violence – for any nation or faith!Colin Wright , says: Website December 19, 2019 at 7:31 pm GMTJudaism has monopolized for millennia though, and still acts as a victim. Different kettle of fish.
Also, you can debate the positives and negatives of Islam with a Muslim (not as a rabid ignoramus of course – you must be polite, and have learnt something, as well as be open to learning more). Almost every debate with a Jew about Judaism has started with, continued with, and ended with name calling for me however.
Judaism fails as a religion because it does not encourage the practitioner to look at themselves when confronted with error, Islam still does imo.
anarchyst , says: December 19, 2019 at 7:34 pm GMTSo I scanned through the posts quickly -- probably too quickly.
How many specific, gentile vulture capitalists currently prominent in the field have been named so far?
When you list them, please respond to my post so that I will be notified.
@Colin WrightMark Hunter , says: Website December 19, 2019 at 7:41 pm GMTYour statement: "Jews actually collaborated extensively in the imposition of tyranny on the working class in Eastern Europe from 1917 to 1991" not only applies to Europe, but the united States of America as well.
Digital Samizdat , says: December 19, 2019 at 7:55 pm GMT1. Re Sidney, Nebraska: Maybe I'm missing something but wasn't it Cabela's owners, for example co-founder and chairman Jim Cabela, who sold Cabela, not Elliot Management (Singer et al)? I gather Elliot Management owned only 11% of the company. Was that enough to force them to sell?
2. The article confuses honest straightforward loans with tax farming and government corruption. Loans can be very useful, e.g. for a car to get to a job, or for a house so you build up equity instead of paying rent.
@BannedHipsterAccording to the Talmud, we goyim are not the descendants of Adam and Eve, like the Jews. No, we are the bastard progeny of Adam's first wife, Lilleth, who eloped with the demon Samael. So we goyim are really all half-demons and therefore we are an abomination in the sight of Jew-hova, and we get what we deserve at the hands of his 'chosen people'.
All clear now?
Art , says: December 19, 2019 at 8:03 pm GMT.
@Colin Wright to get carried away with this. Figures such as Andrew Carnegie, while impeccably gentile, were hardly paragons of scrupulous ethics and disinterested virtue.Andrew Carnegie built something that made life better for people. Making steel is a beneficial thing.
These evil vulture Jews build nothing – they make people poorer. They suck the wealth out of people who have little. They know 100% what they are doing.
Jesus expressed anger against the money changers on the temple steps.
It is OK for you to have natural human feelings and be angry at these Jew bastards.
Do No Harm
Art , says: December 19, 2019 at 8:08 pm GMT
tomo , says: December 19, 2019 at 8:16 pm GMTMajor Kudos to these three heroes – Ron Unz, Tucker Carlson, and Andrew Joyce – for this article and discussion.
@anon ith him on this trip. It was an awful experience – consistent with all the books I read on psychopaths and also that book Jewish History, Jewish Religion, the weight of 3000 yearsOld and grumpy , says: December 19, 2019 at 8:22 pm GMTAnother very wealthy American mother of a friend asked her South African friends (also jews) to help her book trips in South Africa (and they of course recommended only their Jewish friends) – it's their son who told me this.
So a lot of backstabbing, cultural nepotism and actively (but in a hidden way as most psychopaths like to do) they do at wakening and isolating their host. That's their only advantage – not intelligence (at least in my experience )@DaveEthe grand wazoo , says: December 19, 2019 at 8:27 pm GMTI don't even know what capitalism means anymore. It doesn't seem like it's an actual free market system. Seems like it is slavery for the little guy, and parasitism for the rich. Maybe we should ditch the word capitalism for usuryism.
@RealistMefobills , says: December 19, 2019 at 8:31 pm GMTNo, not stupid whites, they're not to blame. It's the greedy corrupt politician: white, black, or white jew, who are to blame.
@Ilya G Poimandres o – including offensive war. I used the term political authority on purpose, because Islam is more than just a religion, it is a political-theocratic construct that is all-encompassing.annamaria , says: December 19, 2019 at 8:43 pm GMTThere may not be a specific verse allowing aggressive violence, but there is something going on based on the data. (I admit to being a lay-man and not an expert on minutia of Islam. I don't want to go there based on what I already know to be true.)
In Christianity, if there are calls for aggressive violence it is OUT OF ALIGNMENT because of super-session. Christian adherents who do this are Judaizers, and have to use the old testament for justification.
@GhaliAnon [271] Disclaimer , says: December 19, 2019 at 8:59 pm GMT'Everywhere they go, they leave behind nations in ruins. "
-- They always find the willing local collaborators ready to make a big profit. Who can forget Dick Cheney, the Enemy of Humanity? The same kind of unrestricted criminality and amorality lives on in Tony Blair the Pious.
The fact that this Catholic weasel and major criminal Tony Blair is still not excommunicated tells all we need to know about the Vatican.
Assange is rotting in a prison, while Tony Blair and Ghislaine Maxwell are roaming free. The Jewish connections pay off.
@J Adelman s as "strong advocates for a robust and close relationship with Ukraine," the Democratic senators declared, "We have supported [the] capacity-building process and are disappointed that some in Kyiv appear to have cast aside these [democratic] principles to avoid the ire of President Trump," before demanding Lutsenko "reverse course and halt any efforts to impede cooperation with this important investigationDaveE , says: December 19, 2019 at 9:00 pm GMTAnd yet Trump pulls the Jews ever closer. A ruling race of ubermenschen now.
'No reason'.
Can you imagine what American Blacks and savage Hispanics let alone whites are going to do if the US economy craters like the Russian economy, and everything is transferred to the banks?
@Old and grumpyMefobills , says: December 19, 2019 at 9:05 pm GMTYeah . fine idea. I've always maintained there are two uses of the word "capitalism" industrial capitalism or competition of ideas vs. financial capitalism, the Darwinian struggle for the most ruthless bankster to rig the "markets" most efficiently.
Whether we give it new terminology I don't care much . but I sure wish people would understand the difference, one way of another !
@alex in San Jose AKA digital Detroit as extended, and had aunts and uncles and cousins, who lived in the general area for centuries, then there would be a network to fall back on.Father O'Hara , says: December 19, 2019 at 9:06 pm GMTSee slaughter of the cities by Jones:
And yes, the FIRE sector and impetus behind the destruction of your extended family was JEWISH. The breakdown of neighborhoods and ethnics was on purpose.
The Jew is anti-logos, and whatever he touches he destroys. (There are exceptions of course – but these people no longer possess a negative Jewish spirit.)
Sorry your family was destroyed. When whites become un-moored they don't know how to act.
@J AdlemanAntares , says: December 19, 2019 at 9:06 pm GMTQuite bizarre post. First,he makes a half ass defense of Jew character.(Weinstein, Epstein don't represent jews! Well, they kind of do. Any jew who is called to accounts for his crimes automatically does not represent jews! )
@AnonHappy Tapir , says: December 19, 2019 at 9:12 pm GMTif you think it's wrong to buy or try to collect on defaulted debt, what is the alternative set of laws and behavior you are recommending? If debts can simply be repudiated at will, capitalism cannot function.
Capitalism includes money. You can't separate the risks in lending from other risks. Bad investors should be punished and good investors rewarded. Resources should be well allocated. Otherwise it's not capitalism.
@Rebel0007Anon [271] Disclaimer , says: December 19, 2019 at 9:12 pm GMTI looked at his book on amazon. Do you believe all that stuff? Are these people with psychoses or delusional disorders?
Adrian , says: December 19, 2019 at 9:20 pm GMThttps://www.trunews.com/stream/jew-coup-seditious-jews-orchestrating-trump-impeachment-lynching
These insane Boomers seem to think that there is a Jewish coup underway to remove Trump because of all the things that Jews are saying in Jewish publications and every single person involved being Jewish and stuff.
@Germanicus About the Carnegie donated "Peace Palace" in The Hague, presently the seat of the In ternational Court of Justice:Informed Reader , says: December 19, 2019 at 9:21 pm GMTGermanicus claims:
They are a function of Empire in Hague, who protect empire criminals, and assume a non existent legitimacy and jurisdiction as a private entity to take down empire opponents.
Such as this ruling for instance:
Guardian 3 Oct.2018:
International court of justice orders US to lift new Iran sanctions
Mike Pompeo indicates US will ignore ruling, after judges in The Hague find unanimously in favor of Iran
@Colin Wrightannamaria , says: December 19, 2019 at 9:24 pm GMTColin Wright: Tel Aviv University's Medical School is called the "Sackler Faculty of Medicine." Does that help answer your question?
@silviosilverutu , says: December 19, 2019 at 9:25 pm GMT"What Joyce regards as a defect of "vulture" funds, others might regard as an benefit. "
-- Of course. I hope you did not miss the fact that the Jewish vulture funds -- ruthless, unethical, and leaching on goyim -- contribute to the Jewish Holocaust Museum.
Is not it touching that the same bloody destroyers of nations demand from the same nations a very special reverence -- out of ethical considerations, of course -- towards the Jewish victims of WWII? But only Jewish victims.
All others were not victims but casualties. See Iraq, Syria, Libya, and Ukraine. See the unlimited hatred of ziocons towards Russia.
@AnonymousAnon [271] Disclaimer , says: December 19, 2019 at 9:33 pm GMT" but maybe a few leftist thinkers would receive a much needed electric shock if they were to see the JQ framed in marxist terms " – I would not count on the effect of the electric shock on the leftist thinkers. The role of Jewish Bolsheviks in the Cheka, NKVD, GULAGs, genocides by famine has been known from the very beginning and yet it left no impact on the leftist thinkers.
renfro , says: December 19, 2019 at 9:50 pm GMTBrowder's case is really interesting. http://www.ihr.org /jhr/v17/v17n6p13_Michaels.html
"According to Harvard University scholar Graham Allison, who is also a former US assistant Secretary of Defense, ordinary Russians have experienced, on average, a 75 percent plunge in living standards since 1991 -- almost twice the decline in Americans' income during the Great Depression of the 1930s. But in the midst of this widespread economic misery, a small minority has grown fabulously wealthy since the end of the Soviet era."
"Although Jews make up no more than three or four percent of Russia's population, they wield enormous economic and political power in that vast and troubled country. "At least half of the powerful 'oligarchs' who control a significant percentage of the economy are Jewish," the Los Angeles Times has cautiously noted. (See also: D. Michaels, "Capitalism in the New Russia," May-June 1997 Journal, pp. 21-27.)"
It's interesting how the appeal of Eduard Topol to Jews in Russia is now starting to echo Jewish calls in the United States for Jews to stop the path they are currently on.
Here is the complete text of Topol's extraordinary "Open Letter to Berezovksy, Gusinsky, Smolensky, Khodorkovsky and other Oligarchs," translated for the Journal by Daniel Michaels from the text published in the respected Moscow paper Argumenty i Fakty ("Arguments and Facts"), No. 38, September 1998:
Magnitsky and Bill Browder is also really interesting.
It turns out that a large measure of the Russiagate story arose because Russian lawyer Natalia Veselnitskaya, who traveled to America to challenge Browder's account, arranged a meeting with Donald Trump Jr. and other Trump campaign advisers in June 2016 to present this other side of the story.
Apparently that's collusion.
But this isn't collusion.
https://www.nationalreview.com/2017/08/left-red-scare-democrats-suddenly-hate-russia/
Remember when Obama literally said he would sell out US defence interests to the Russians on a hot mic?
https://www.americanthinker.com/articles/2019/10/corrupt_senators_took_ukraine_cash.html
Then we had Democrats actually literally word for word doing what they accuse Trump of doing in Ukraine.
"It got almost no attention, but in May [2018], CNN reported that Sens. Robert Menendez (D-N.J.), Richard J. Durbin (D-Ill.) and Patrick J. Leahy (D-Vt.) wrote a letter to Ukraine's prosecutor general, Yuriy Lutsenko, expressing concern at the closing of four investigations they said were critical to the Mueller probe. In the letter, they implied that their support for U.S. assistance to Ukraine was at stake. Describing themselves as "strong advocates for a robust and close relationship with Ukraine," the Democratic senators declared, "We have supported [the] capacity-building process and are disappointed that some in Kyiv appear to have cast aside these [democratic] principles to avoid the ire of President Trump," before demanding Lutsenko "reverse course and halt any efforts to impede cooperation with this important investigation."
What's the first rule of Communist and Satanist Saul Alinsky? Always accuse your opponents of what you are doing.
Imagine having a Grandfather as the literal Chairman of the American Communist Party, and all the amazing lessons you would learn about political maneuvering and ideology.
And it's amazing.
Browder's story is that Russian officials stole his companies seals and then fraudulently formulated a tax avoidance scheme with a complete paper trail that they fabricated against him in totem. Precisely matching the amount of money he was trying to remove from their country, like those other Jewish Oligarchs who imposed conditions that were multiples worse then even the American depression.
When under oath it turns out that Magnitsky wasn't even a lawyer at all, and didn't go to law school. Why did the media owned by Mormons of course keep saying that Magnitsky was Browder's lawyer?
Why did the Russians fraudulently fabricate a paper-trail for another Jewish Oligarch to steal money out of Russia? Just like they colluded with Trump when a Russian lawyer sought to explain what happened. Because that totally happened.
Maybe the problem isn't Capitalism. Maybe, when even the ur-Shabbos goys at National Review are shaking their head and washing their hands like Pilate, maybe it's a different problem.
Yet Trump holds these people ever close to his beating heart.
And then there are all these connections to Jeffrey Epstein that are like an explosion linking all these people.
Poor old Russia. Even Putin isn't worse then what came before.
@Anonymoussteinbergfeldwitzcohen , says: December 19, 2019 at 9:54 pm GMTt class is not tied to any territory has been observable since 1960.
I don't have time now to look up how many of 199 directors are Jews . but I know enough of the economic history of various countries to know that Jews were the first business and finance globe trotters,,,,.from Spain to Amsterdam, France to Africa , etc.etc. Jew were first hired as reps and facilitators by the gentile business owners especially because of their breather tribal contacts in many countries ..that was their stepping stone to becoming transnational capitalist themselves.
Understanding our global capitalist ruling elite and who they are is not rocket science
JUSA , says: December 19, 2019 at 9:59 pm GMTYet more evidence is piling up that Donald J Trump is the Great Betrayer. A man who had the biggest mandate in post war history to clean up the Swamp that is D.C., reform Immigration to save America and reform the economy for American workers. He has squandered all of it while pandering to Jews.
When the Donald is revealed as the Great Betrayer where will Jews run? Yes, they have several back up plans. Patagonia, Ukraine and Israel.
Imagine that. They have their own country and 2 back up plans. It is really tough being a hated, oppressed minority.
@Lotbike-anarkist , says: December 19, 2019 at 10:16 pm GMTbeing much more cautious in their borrowing since the borrowing cost is so high.
Instead, this current arrangement basically uses bond funds to put up a false front, telling a debtor they can borrow at 2% when the real rate should be at 20% given the known risks, then the debtor goes crazy borrowing because it's so cheap to borrow, and when they can't pay back, the bond gets sold to the vultures who come collecting at 20% or they seize assets.
This is no different than the subprime mortgage crap, except now that is regulated so they go after sovereign debt and corporate debt instead. These vultures need to go die period.
@Jimmy1969Anon [112] Disclaimer , says: December 19, 2019 at 10:27 pm GMTThis is a great, concise overview of Canadian media influence by the "silent" Jewish overlords via Golden Tree.
I tried copy/paste of your comment on CBC, but it did NOT last 2minutes before being suspended!!
I am sorry to have used your comment without your permission, but I am going to "misspell" some words to defeat the algorithm to get your message across.
@Lot e, and these golfy-sounding names (Elliot, Monarch, GoldTree, OakTree, Canyon, Tilden Park) fit the perception. We whites receive the society's hate for the wealth disparities created by high finance.steinbergfeldwitzcohen , says: December 19, 2019 at 10:27 pm GMT4. No, it is not difficult to do finance differently. Every other investor has higher patience for poor countries in Central America and Africa, and they all look at Elliot with confused scorn.
And, things would probably run fine without hyper-aggressive multi-billionaires in pushing the courts to f- over those who default on debts they owe to the maximum degree. Japan and Norway do quite fine with businesses that are run by gentle and humble goys who feel ashamed at the thought of getting "too rich."
@J AdlemanAnon [112] Disclaimer , says: December 19, 2019 at 10:31 pm GMTYou will be thrown out.
You will have to choose between Israel, Ukraine and Patagonia. No one else will take you.
You have destroyed our politics, media and economy.
You are not respected.
You buy compliance with money.
You have bankrupted the U.S. dollar with debt pursuing Israel's enemies.You should pack.
Real Soon.
Good Riddance.@Just passing throughthotmonger , says: December 19, 2019 at 11:02 pm GMTI accept the guilt for what whites have done in the past.
But whites have become incredibly generous and gentle with the Other. We have turned in the opposite direction, we are not the same.
Great Britain gave up many of its colonies with no fight. Kenya was given up before there was even an anti-colonial movement in Kenya!
We whites are fair-players, and we respect the right of other peoples to self-determination. We haven't in the past, but we have learned.
Mefobills , says: December 19, 2019 at 11:08 pm GMTBen Franklin and the American revolution was almost put in a similar pinch by the Amsterdam banker Jean DeNeufville. In a letter to John Adams, 14 December 1781*, Franklin explained that DeNeufville wanted as security for a loan "all the lands, cities, territories, and possessions of the said Thirteen States, which they may have or possess at present, and which they may have or possess in the future, with all their income, revenue, and produce, until the entire payment of this loan and the interests due thereon."
Franklin considered that "extravagant" but Newhouse rejoined, "this was usual in all loans and that the money could not otherwise be obtained". Franklin retold in this lengthy letter, "Besides this, I was led to understand that it would be very agreeable to these gentlemen if, in acknowledgment of their zeal for our cause and great services in procuring this loan, they would be made by some law of Congress the general consignee of America, to receive and sell upon commission, by themselves and correspondents in the different ports and nations, all the produce of America that should be sent by our merchants to Europe."
Talk about shooting the moon
While Wikipedia says DeNeufville was Mennonite, Franklin concluded with this colorful -- and bitter -- remark , "By this time, I fancy, your Excellency is satisfied that I was wrong in supposing John de Neufville as much a Jew as any in Jerusalem, since Jacob was not content with any per cents, but took the whole of his brother Esau's birthright, and his posterity did the same by the Canaanites, and cut their throats into the bargain; which, in my conscience, I do not think Mr. John de Neufville has the least inclination to do by us while he can get any thing by our being alive. I am, with the greatest esteem, etc., ✪ B. Franklin."
Perhaps it was just an expression based on an earlier stereotype?
*Bigelow, 1904. The Works of Benjamin Franklin, Vol. 9 Letters and Misc. Writings
@steinbergfeldwitzcohen o to Uganda and Ugandans were willing, but NO Zion had to have Palestine, and they got it through war, deception, and murder. It was funded by usury, as stolen purchasing power from the Goyim.Anonymous [147] Disclaimer , says: December 19, 2019 at 11:08 pm GMTThe fake country of Israel, is not the biblical Israel, and it came into being by maneuverings of satanic men determined to get their way no matter what, and is supported by continuous deception. Even today's Hebrew is resurrected from a dead language, and is fake. Many fake Jews (who have no blood lineage to Abraham), a fake country, and fake language. These fakers, usurers, and thieves do indeed have their eyes set on Patagonia, what they call the practical country.
@Digital Samizdat feel this makes me weird.Johan , says: December 19, 2019 at 11:15 pm GMTI've been to TOO. However I can't bring myself to start commenting on a white nationalist website. I will admit I am unable to articulate this discomfort presently.
As to your point about Marx – I actually forgot about his work on the JQ. The Saker, who is a columnist on this site, referenced Marx's essay on the JQ some time ago. I must have not read the whole thing or I'd have remembered it. I didn't know that Marxism originated with anti-Semitism, but that is fascinating. I have encountered some Marxists in my time and they focus exclusively (predictably) on the cis-white-male patriarchy, or whatever occupies their brainwashed minds after an Introduction to Gender Studies class.
@Anon repudiated at will, capitalism cannot function."secondElijah , says: December 19, 2019 at 11:18 pm GMTIs this children's capitalist theory class time? throwing around some simple slogans for a susceptible congregation of future believers?
Should be quite obvious that people, groups of people, if not whole nations , can be forced and or seduced into depths by means of certain practices. There are a thousand ways of such trickery and thievery, these are not in the theory books though. In these books things all match and work out wonderfully rationally
Then capitalism cannot function? Unfortunately it has become already dysfunctional, if not a big rotten cancer.
@J Adleman Ezekiel 21:25 25 'Now to you, O profane, wicked prince of Israel, whose day has come, whose iniquity shall endtomo , says: December 19, 2019 at 11:28 pm GMT
Jeremiah 5:9 Shall I not punish them for these things?" says the LORD. "And shall I not avenge Myself on such a nation as this?As Jesus said which of the prophets have you not killed or persecuted? The truth hurts. As for me I do not hate Jews ..I feel terribly sad for a people that are capable of greatness and squandered the gifts given to them by God. Are you a holy nation? Don't make me laugh. Repent. Your time is coming. No more running and hiding. Deception will no longer save you only acceptance of the Messiah.
@Father O'HaraClutch these pearls, sqrt, sqrt, sqrt , says: December 19, 2019 at 11:36 pm GMThe can't be bargained with,he can't reasoned with,he doesn't feel pity,remorse,or fear " In other words – a 'culture' as a PSYCHOPATH it's a well-oiled psychopath support group
tomo , says: December 19, 2019 at 11:41 pm GMTHey! Don't mention anything a Jew ever did, especially usury, or else the entire cult will go up in a holocaustal mushroom cloud of emo nasal whining. In Judaism you've got a fanatical sect that systematically selects and brainwashes its members to inculcate extreme values of two Big Five personality axes: high neuroticism and low intellect (where intellect means open-mindedness.) Note the existential crisis triggered by a straightforward lecture from The Society for the Study of Unbelievably Obvious Shit.
https://www.tabletmag.com/jewish-news-and-politics/295595/pride-and-prejudice-at-fieldston
Of course Israel is holocausting the Palestinians. This is what happens when the founding myth of a nation is, We wiped em all out and then they wiped us almost all out so now we gotta wipe em all out etc., etc., etc.
Fuck Israel. Fuck the Jewish State.
@J.W. en a narcissist and a psychopath is that the former need people to like them whereas psychopaths genuinely could not care less (although they learn early that acting as if they do can be very helpful , as can always trying to elicit sympathy etc).
As I noticed while reading a few books on psychopathy (I was inspired to after reading Steve Job's biography) – their whole 'culture' is structured as a (collective ) PSYCHOPATH.
It seems that (collectively) they cannot care about others even if they wanted to. Due to their sicknessI am not saying they are all that way – but overall their 'culture' seems to be that way
Skeptikal , says: December 19, 2019 at 11:56 pm GMT
@Colin Wrighttomo , says: December 20, 2019 at 12:04 am GMTThe Sacklers occupy a hoity-toity rung in the philanthropy universe, as they have given enough $$$ to Harvard for H to paste their name on its museum housing I believe its whole Asian art collection.
Students have now protested Harvard's high-profile gift of probity and cultural status to the Sacklers via, literally, an "Aushangerschild" on a major university museum. Harvard protests back: Jeez, if we don't take the Sacklers' dough we might be obliged to stop taking the dough from Exxon, etc.
@Anon ou are right that loans should be repaid – it is immoral to allow a well connected mafia to change all the laws and remove protections while pushing up prices of everything because it suits the lender (who has a licence to print).lavoisier , says: Website December 20, 2019 at 12:22 am GMT
They basically lend money that does not exist and get interest for that. So the more sheeple are tricked into borrowing the better for them, but the worse for everyone else
They should not be allowed to bribe politicians to remove all the protection that was there since 1920s I think.
It's a marriage from hell: easy to bribe Anglosheep meets the masters of predatory bribing who own the printing press@anonPCA , says: December 20, 2019 at 12:24 am GMTThat stupid cuck Trump just got impeached by the House. Thats a good lesson to everybody how much good Jew-ass kissing does for you .you get stabbed in the back anyway lol
Couldn't have happened to a more deserving and treacherous scumbag!
But he should have been impeached for his treachery to the constitution and to the American people for his slavish devotion to all things Jewish!
@mark greenBannedHipster , says: Website December 20, 2019 at 12:26 am GMTThe singular is PHENOMENON for God's sake. Phenomena is plural.
Have Americans always been this illiterate?
@Digital SamizdatDaniel Rich , says: December 20, 2019 at 12:31 am GMTTrue, but irrelevant. The Jews that matter don't read the Talmud or believe in "Adam and Eve."
It's 2020. The Jewish religion is "The Holocaust" and we're all "Nazis."
Frankly, it's these traditional religious notions of "anti-semitism" that get in the way of understanding what is, at the core, an ethnic issue. It's Sheldon Adelson, the Zionist entity in Palestine, and the ADL that are the problem, not some looney-tunes rabbi living in Brooklyn.
@Digital SamizdatRafael Martorell , says: December 20, 2019 at 12:47 am GMTBut I see all kinds of people even on this thread blaming the victim instead -- 'Damn goyishe deadbeats!' Whatever
The number of families who're unable to pay an $500 emergency bill is staggering as is the number of families being 1 paycheck away from bankruptcy.
Yes, some people are totally irresponsible and burn through their money faster than it can be printed, but not all 55,000,000 of 'em.
Milesglorious , says: December 20, 2019 at 12:50 am GMTThe other side of the explanation is the lacking of reaction of the victim, the american people. The least that the people that loot the world trough and with the USA power should do, is ,at least ,let us,the american people, a free ride.
@anarchystFrank Frivilous , says: December 20, 2019 at 12:51 am GMTAnd when it comes, vae victis.
Rafael Martorell , says: December 20, 2019 at 12:59 am GMTWell, DynCorp has a particularly insidious reputation beyond your run of the mill Usury.
Not illegal in the Talmud either but most certainly illegal in all of the countries that DynCorp was caught profiting from this type of business. For some reason they never seem to suffer for their exposure suggesting that they may be wielding the same influence that Epstein had over our elected officials.
Thomasina , says: December 20, 2019 at 1:14 am GMTWe dont have to get back to the Singer of this world but to our own politicians ,that allowed them to do this to us,and to the world.In this kind of abusive realtionship the 2 sides are to blame.
@Just passing through h and then moved over to the West with their newfound gains, buying up properties, forcing prices up for the natives. The western corporations not only wanted cheap products to export back to the U.S., but they were also developing a whole new market – Chinese consumers who would buy their products as well. Double plus good!Isthatright , says: December 20, 2019 at 1:23 am GMTAnd once in the West, the Chinese and the Indians stick to their groups. They hire their own, promote their own, do business together. A lot of corruption, money laundering, cheating, taking advantage of and bending laws. Rule of law? Code of ethics? Morals? Do unto others? They never learned it. Opportunistic dual citizens.
@Colin WrightFayez chergui , says: December 20, 2019 at 1:31 am GMTTucker is smart. He never uses the J word. Great article.
lavoisier , says: Website December 20, 2019 at 1:42 am GMTThe only path to understand the spirit of jews to money is to read the Old Testament : clear and sharp.
@utuRebel0007 , says: December 20, 2019 at 1:42 am GMTI would not count on the effect of the electric shock on the leftist thinkers. The role of Jewish Bolsheviks in the Cheka, NKVD, GULAGs, genocides by famine has been known from the very beginning and yet it left no impact on the leftist thinkers.
It unfortunately has not had much of an effect on a lot of people in the West, who remain ignorant or in denial of the role played by Jewish Bolsheviks in historic mass murders and totalitarian repression.
Waiting for the Hollywood movie to tell the story.
Mefobills , says: December 20, 2019 at 2:02 am GMT[Too much totally off-topic crackpottery. Stop this or most of your future comments may get trashed.]
@utu9/11 Inside job , says: December 20, 2019 at 2:10 am GMTThis is why you need to start with Zarlinga, as there is no BS to lead you astray. Hudson tends to drill the bulls-eye too. There is so much deception in the field of money and economy, that it is easy to get caught up in false narratives, like one-born free libertarianism. Usury flows fund the deception, even to the point of leaving out critical passages in translations, such as in Aristotle's works. Or, important works are bought up and burned.
Michael Hudson is the leading economist resurrecting Classical Economics. Reading all of Hudson and Zarlinga will take some time and effort, but it is good to take a first step.
@Anon According to Wikipedia : " The armed rebellion of the Mau Mau was the culminating response to Colonial rule . Although there had been previous instances of violent resistance to colonialism , the Mau Mau revolt was the most prolonged and violent anti-colonial warfare in the British Colonial colony. From the start the land was the primary British interest in Kenya ."Realist , says: December 20, 2019 at 2:17 am GMT
Just as the Kenyans suffered the consequences of British colonialism , the "Palestinians will suffer
the consequences of Zionist colonialism until Israel's original sin is boldly confronted and justly remedied " foreignpolicyjournal.com@the grand wazooCitizen of a Silly Country , says: December 20, 2019 at 2:20 am GMTNo, not stupid whites, they're not to blame. It's the greedy corrupt politician: white, black, or white jew, who are to blame.
Who votes these greedy corrupt politicians into office? Hint: It is Whites who are the majority.
@anonThomasina , says: December 20, 2019 at 2:22 am GMTdistinction of Jewish investors versus gentile investors – on average, of course – is their use of bribery to get the force of government behind them. Rather than taking a bet about some group being able to pay back some bonds and letting the chips fall where they may, Jews start bribing or influencing politicians to force that group to pay back the bonds.
Buy some bonds, charge outrageous fees, bribe officials in some form or other, get govt to force the payment of bonds and outrageous fees. Rinse and repeat. Jews have been doing this in some form aor another for 1500 years. It's why the peasants get a tad angry at both the Jews and their bribed politicians/nobility.
@lavoisierRobert Dolan , says: December 20, 2019 at 2:37 am GMTmoney. Dear me, wait until that comes out.
Trump is in league with the Jews? Yeah, who isn't? Obama's lips are still sore from kissing Jewish Wall Street bankers' asses (notice that none of them went to jail). Same with the Clinton's.
You can get politicians to pass all sorts of laws in your favor if you've got enough dirt on them. After all, your side owns the media, Hollywood, academia, the courts, the banks.
If dirt doesn't work, you can always threaten to impeach them in order to get what you want.
But Trump is also revealing every last dirty one of them (accidentally or on purpose). People see them now.
Colin Wright , says: Website December 20, 2019 at 2:49 am GMT...Trump sucks. All decent people should stand up and fight against these scumbags.
They can't play whack a mole with all of us.
@Informed Readertomo , says: December 20, 2019 at 2:50 am GMT'Colin Wright: Tel Aviv University's Medical School is called the "Sackler Faculty of Medicine." Does that help answer your question?'
That sort of thing is what led me to ask the question.
@Father O'HaraAlso Jewish , says: December 20, 2019 at 2:52 am GMTI now use therm 'Weinsteined' to mean 'raped' (by jewish banksters, investors etc)
@J Adelmantomo , says: December 20, 2019 at 3:00 am GMTJ Adelman comes out swinging. He's such a tough guy. But does he make sense? Does he care if he makes sense? The writer is talking about those Jews who are vulture capitalists. He's not talking about every Jew. Isn't it a little odd that nearly all of these funds are run by Jews? Can your corrupt mind accept that fact and address the question? Or are you going to bore us with your religion and by that I mean your obsession with anti-semitism, which is your religion.
@bike-anarkistColin Wright , says: Website December 20, 2019 at 3:04 am GMTI posted the same comment on the Facebook a few hours ago and it's still there
@Artmark green , says: December 20, 2019 at 3:23 am GMT'Hmm -- The day after Trump in inaugurated for his second term -- will Iran be in his crosshairs? We need to think very seriously about that!
My guess is Iran is in the crosshairs. Trump probably promised he'd start the war as soon as he was elected the first time -- but he putzed around, and now it's almost 2020. Adelson et al are pissed -- but Trump's got a point. If he starts the war now the unknown Democrat will win -- and do you trust their word instead? They just gotta trust Trump. Let him get reelected -- then he'll come through.
This is one of those cases where I'll be happy to be proved wrong -- but such is my suspicion.
@PCAredmudhooch , says: December 20, 2019 at 4:13 am GMTStop splitting hairs. Is this the best you can do? Are you one of Lot's cronies? I don't normally address petty matters of this kind but Joyce is describing a multitude of sins and misconduct orchestrated by various Jewish financiers around the globe. It is not merely one phenomenon; thus, 'phenomena' fits. Go troll someone else.
Thomasina , says: December 20, 2019 at 5:31 am GMTTypical Jew baiting article. Mitt Romney isn't a "Jew" Ashish Masih isn't. Many more examples of gentiles taking advantage of their brothers. May as well consider the Walton family of Wal-Mart to be vultures as well since they benefit the most from this system, they're so called Christians, not Jews.
The problem is capitalism. Author seems to suggest that a moral economic system has been corrupted. The system was designed in an era of widespread slavery folks. Its an immoral system that requires theft, slavery, war, immigration, all the things you hate, to survive. The system is working exactly as it is designed to work. Exploit workers, the environment and resources, shift all the profits from workers to the owners of capital, period. Welcome to the late stage, it eats and destroys itself
From the days of the colonists slaughtering the Injuns and stealing their land. The days of importing African slaves, and indentured servants. The days of child labor and factory owners hiring Pinkertons to gun down workers who protested shitty wages and working conditions. The good ol days of the gilded age. Now the age of offshoring to China or some other lower wage nation. Overthrowing leaders not willing to let their resources and people be plundered and enslaved, driving refugees to our borders fleeing violence and poverty. Importing H1B workers to drive down wages. It was always a corrupt system of exploitation/theft/slavery. This is nothing new and doesn't require "Jews" to be immoral.
And all these so called "Christians" like Pastor Pence approve. Usury and capitalism run amok. I'm sure Jesus is smiling down on all these Bible toting demons who allow their fellow man to be exploited by the parasites. Sad!
Good for Tucker. He has his moments I'd watch his show if he wasn't a partisan hack. But that will never happen working for Fox or any other corporate media.
@AnonThomasina , says: December 20, 2019 at 6:18 am GMTYou've read "Red Notice", but that is only Browder's side. To get the other side, read these articles from Consortium News:
@Colin Wright , maybe you're just assassinated.ivan , says: December 20, 2019 at 9:38 am GMTTrump loves his daughter and she is married to a Jew. If they're not getting their way, I could see them telling Trump: "Sad what happened at the Pittsburgh synagogue, isn't it? Sure hope nothing like that happens to your daughter."
I don't envy Trump. He not only is up against the Democrats, but he is also fighting the globalist neocons in his own party. Both parties want open borders and more war, something Trump does not believe in. As far as I can see, he's throwing them bones in order to shut them up. If he gets elected again, which I think he will, we might see a different Trump. Who knows.
PaddyWhack , says: December 20, 2019 at 9:58 am GMTRather amusing to read our resident Jewish apologists carrying on about the absolute sanctity of the necessity of collecting debts to the functioning of the capitalistic system. These nations and corporate entities that are now in thrall of the Wall Street Jews , were herded into debt by that other faction of the capitalist system, the dealers in easy money. Snookering the rubes into lifelong debt, telling them that money is on the tap, promoting unsustainable spending habits and then let the guillotine come down, for the vultures to feed on. They are two sides of the same coin.
Its damned funny that the rich Jews nowadays are absolutely addicted to usury, rentier activities, and debt collection, when the Bible itself condemns such activities. But they are our elder brothers in faith according to some.
@Colin WrightCalvin Simms , says: December 20, 2019 at 10:12 am GMTCarnegie was a Protestant. The Protestant cancer serves it's Jewish masters. Read 'The Jewish Revolutionary Spirit' by E. Michael Jones. There is definitely a revolutionary nature to the international Jew just as there is to their Protestant dupes. Jewish nature is to subvert the natural order and the west was built by the guidance of LOGOS. The Catholic Faith created by God guided the creation of the west. These Jewish exploits are a result of the Wests rejection of its nature and its enslavement
anno nimus , says: December 20, 2019 at 10:38 am GMTAmazing article from the ever insightful Andrew Joyce. The usual apologists are sputtering to try to mitigate the damage, but the game is almost up.
Wizard of Oz , says: December 20, 2019 at 10:38 am GMT1. rich or poor, creditor or debtor, in the final analysis, ultimately, all will become equal in the grave. the filthy rich might decide to lay their corpses in coffins made of gold, but it will be in vain. the sorrows and the joys of this fleeting world shall quickly pass like the shadow.
2. talmudics feel the need to accumulate money in order to have sense of security since they were stateless for two millennia. paradoxically, amount of wealth is indirectly proportional to a sense of security, provoking backlash from aggrieved host people.
3. establishment of State of Israel did not reduce the need for the accumulation but has only heightened it since now talmudics feel the need to support it so that she could maintain military superiority over neighbouring threats.
4. as long as Palestinians are not free and Israel does not make peace, talmudics will continue to meddle in American politics. if you don't want to save the Palestinians for the sake of humanity and truth or justice, at least you should do it for your own sake.
5. loan sharking, vulture whatever, etc., is the ugliness of big capitalism with capital C, what is beyond sickening is the promotion of sodomy. if one becomes poor or homeless, it's a pity. to go against nature is an abomination.
6. by using such words as "homosexual" you have accepted the paradigm of the social engineers and corruptors, and are therefore collaborating with them. words have consequences since that is how we convey ideas unless you own Hollywood and can produce your own moving pictures too.
7. talmudics is a better word than as a great American scholar says, since people who promote sodomy are absolutely opposed to the Torah (O.T.). those who still struggle to follow it couldn't care less what happens to benighted goyim, only becoming reinforced in pride of their own purity as opposed to disgraced nations. thus, practically, they too are talmudics, alien to the spirit of the ancient holy fathers and prophets of Israel. the word "Orthodox" has been stolen and now has lost all meaning or it means the exact opposite of what it originally meant.
8. Blessed are the meek, for they shall inherit the earth. Matthew 5:5@Colin Wright9/11 Inside job , says: December 20, 2019 at 11:30 am GMTWell there's nothing wrong in principle about specialists in valuing distressed debt and managing it nuying such debt and using the previously established mechanisms for getting value out of their investment. So the problem is how they go about enforcing their rights and the lack of regulation to mitigate hardship in hard cases.
Still it is notable that it should, overwhelmingly be a Jewish business and such a powerful medium for enriching Jewish causes and communities at the expense of poor Americans.
@Colin WrightRealist , says: December 20, 2019 at 12:07 pm GMTGeorge Bush needed Tony Blair's support to attack Iraq , Donald Trump now has the support of Boris Johnson to attack Iran : "Boris Johnson refuses to rule out military intervention on Iran ." metro.co.uk
It is said that the "deep state " removed Theresa May from office as she was "too soft" on Iran . As you suggest the attack will not happen until Trump's second term unless, in the meantime , there is a false flag attack like 9/11 which can be blamed on the Iranians .
@eahDigital Samizdat , says: December 20, 2019 at 12:09 pm GMTWhile Whites theoretically still have the numbers to affect/determine the outcome of elections, a majority of Whites usually stay home because they are tired of the 'evil of two lessers' choice they are offered -- even voting for Trump got them little/nothing.
I said nothing of an electoral solution to America's problems the problems will not be solved that way.
@ArtDigital Samizdat , says: December 20, 2019 at 12:18 pm GMTThat scary thought has crossed my mind, too, Art. I've even started wondering if this whole impeachment circus is really part of an elaborate plot to guarantee Trump's re-election. I mean, would Pelosi's insane actions make the slightest sense otherwise? And everyone has noted how this is such a 'Jew coup,' haven't they? It all looks so suspicious
@MefobillsThomasina , says: December 20, 2019 at 4:14 pm GMTWhat our Jewish friends have done to Argentina, through maneuvering the elections, killing dissidents, and marking territory, is a cautionary tale to anybody woke enough to see with their own eyes.
Yup. And don't forget that ongoing Zionist psy-op known as the AMIA bombing: https://thesaker.is/hezbollah-didnt-do-argentine-bombing-updated/
@geokat62Ilya G Poimandres , says: December 20, 2019 at 4:14 pm GMT"'I'm HARDCORE Zionist and so is president Trump!' – Roger Stone"
If Trump was hardcore Zionist, they wouldn't have been going after him since the day he announced he would run for President.
No, they see him as an absolute threat to their existence.
As they twist to fight him, they are all exposing themselves.
@Mefobills mo.. maybe other than when 100% of the Ummah agree on something, I read that could remove a surah of the Quran, like a voice of God. That rhymes nicely imo.Desert Fox , says: December 20, 2019 at 4:48 pm GMTOf course how to judge which ruling to use? I agree, it brings in a casuistry into the faith that generally helps to confuse.. I don't know much about it though yet.
I think Islam preaches a decent message, but the average practitioner is open to misinterpret it quite a bit. This is a failing of the teaching.. but I think Mohammed's message was corrupted like Christ's message pretty much straight after his death. Gospel of Thomas and Tolstoy's rewrites all the way for something closer imo.
@ThomasinaMefobills , says: December 20, 2019 at 4:51 pm GMTTrump is a hardcore zionist and the impeachment is another zionist scam to divide the American people, read The Protocols of Zion.
@sally n in iniquity, and that is where your eye should gaze, not necessarily at the FED or any central bank.Trinity , says: December 20, 2019 at 5:05 pm GMTThe debt money system and finance capitalism is state sponsored usury, and is a Jewish construct.
Vulture capitalism is simply vultures buying up or creating distressed assets and then changing the law, or using force to then collect face value of the debt instrument or other so called asset. Vultures will use hook or crook to force down what they are buying, and hook or crook to force up what they are selling. God's special people can do this because when they look in the mirror, they are god, and are sanctioned to do so.
Mefobills , says: December 20, 2019 at 5:09 pm GMTMaybe the vulture should replace the bald eagle as America's favorite bird since our dear shabbos goy President Trump and cohorts are undermining the First Amendment and trying to make it a crime to criticize Jews and/or Israel. Oh and don't think I am promoting the other Zionist and their shabbos goy on the demshevik side. The Jew CONTROLS both sides and "our" two party system has become Jew vs. Jew, not republican vs. democrat. Lenin said that the best way to control the opposition was to lead it and (((they))) are at it AGAIN.
@Ilya G Poimandres zies, who twist scripture. Judaism, especially Talmudic Judaism is Kabala and utterances of the sages, and it morphs and changes over time. For example, after Sabatai Sevi, the Kol-Neidre was weaponized, and this construct is used by today's Zionists to wreak havoc. Before Sabatai, there was Hillel, who weaponized usury.Digital Samizdat , says: December 20, 2019 at 5:31 pm GMTYes, I agree about Christianity changing quite a bit. In the first 300 years it was much different than today, especially after the Arien controversy was settled by Constantine's maneuvering of Bishops at council of Nicea. For example, before; reincarnation was part of Christian doctrine, and after; reincarnation was excluded.
@utu Great clip! I always loved Fry & Laurie.likbez , says: December 20, 2019 at 5:50 pm GMTI have long maintained that libertarianism/capitalism is really like a kind of Calvinism for atheists. Calvinists used to assume that, since whatever happened was God's will and God's will was invariable good, then whatever happened was good. Likewise, many modern cucks seem to have just substituted The Market for God. Morally speaking, it all lets man off the hook for anything that results–especially when those men happen to be Jewish financiers!
No, boys and girls, The Market is not inherently good. It requires that a moral system be superimposed on top of it in order to make it moral.
@Anon k of this MI6 asset (and potential killer) who tried to fleece Russia, you probably can benefit from watching a movie by Nekrasov about him. See references in:Anonymouse , says: December 20, 2019 at 5:59 pm GMTIt looks like it was Browder who killed Magnitsky, so that he can't spill the beans. And then in an act of ultimate chutzpah played the victim and promoted Magnitsky act.
@Colin WrightBrundlefly , says: December 20, 2019 at 6:04 pm GMTThere is no defending these jewish malefactors. It has been pointed out that immorality is a disposition to be found in every ethnicity. The problem is that the jews with that disposition are more clever than folks from other ethnicities with the same dispostion. Being more clever, they are outstandinly better at depradation. I don't see how and why the recognition of the existence of evil jews justifies the author's hatred of jews as a whole.
@Colin Wrightannamaria , says: December 20, 2019 at 6:27 pm GMTColin, I'm going to assume this is a rhetorical question, as there is not one example that would cause you to suspect there is really any doubt about the types of organizations that the Sacklers are donating their ill-gotten wealth to.
@Digital Samizdat ocities, including the murder of civilians, predominantly Jews and Poles under the Nazi German administration. The term Banderites was also used by the Bandera followers themselves, and by others during the Holocaust, and the massacres of Poles and Jews in Volhynia and Eastern Galicia by OUN-UPA in 1943–1944.The zionists have been asking hard for a backlash: https://katehon.com/article/riding-tiger-zionism-israel-and-far-right
[MORE]Mefobills , says: December 20, 2019 at 7:00 pm GMT
@Digital Samizdat and infest England, is not well understood by the average Goy.Mefobills , says: December 20, 2019 at 7:12 pm GMTOur modern world is a direct line back to this big-bang event. Christian Zionism goes back much further in time than to just Cyrus Scofield and Darby. Our Jewish friends in Amsterdam were even publishing bibles at great expense, to then push the narrative that the "people of god and old testament" deserve to return to England.
(The usurers had been previously kicked out of England by King Edward in 1290. The usurers had been plying their game, and "putting house to house" to where English citizens were being dispossessed from their own lands.)
Sound familiar?
@Anonymouse y Jewish as were the Bolsheviks of a hundred years ago, and they have greatly benefited from the political immunity provided by this totally bizarre inversion of historical reality. Partly as a consequence of their media-fabricated victimhood status, they have managed to seize control over much of our political system, especially our foreign policy, and have spent the last few years doing their utmost to foment an absolutely insane war with nuclear-armed Russia. If they do manage to achieve that unfortunate goal, they will surely outdo the very impressive human body-count racked up by their ethnic ancestors, perhaps even by an order-of-magnitude or more.ANZ , says: December 20, 2019 at 9:34 pm GMT@Mefobills ted into being seen as the greatest victims, a transformation so seemingly implausible that future generations will surely be left gasping in awe.Aided by no small part by chutzpah. The uncanny ability to ability to call black white and to call good evil. With no cultural love of truth to anchor them in reality. Thus detached, they are free to invent an alternate reality. I wonder if they do not suffer from cognitive dissonance. They seem genetically protected from it.
They are actually self-deluded and want to infect the rest of us with their visions of victimhood.
Long live the internet
alex in San Jose AKA digital Detroit , says: December 20, 2019 at 10:04 pm GMT
@Mefobillseah , says: December 20, 2019 at 10:21 pm GMTNot saying fellow Whites haven't helped me out, but Jews have, out of proportion to their numbers in the population by far.
I'm not sure how tons of Nobel prizes, advances in medicine, etc are "destroying everything they touch".
There was nothing done to my family to make them cold, short-sighted, selfish bastards. That's just White culture for ya.
@Realist ; votes these greedy corrupt politicians into office? Hint: It is Whites who are the majority.Mefobills , says: December 20, 2019 at 10:24 pm GMTMy first comment to you was #256 -- again "for the record": I did not give enough of a damn about you or your idiotic statement ("Stupid Whites are responsible for allowing this to happen") to comment/reply to you before you mentioned voting .
"LOL"
And I don't appreciate it when people attribute specific words, views, or thoughts to me that I did not express -- make a note of it, asshole.
You fucking prick.
@Thomasina ich changed the meaning of the Statue.Mefobills , says: December 20, 2019 at 10:40 pm GMTDescendants of this immigration wave are the liberal jews pushing the jew coup against Trump. This is why they are from Ukraine (former pale of settlement area) or Russian haters.
To my mind, Trump is a Christian Zionist and has naturally allied with Bibi and the Zionist religious factions, such as Chabbad/Likkud.
Since U.S. has been fully infiltrated, then having Mossad and its agents on your side, is a strategy to keep from being suicided by the deep state, like JFK.
I'm willing to give Trump some lee-way, given the circumstances of our current reality.
@alex in San Jose AKA digital Detroit n pale of the settlement, or in Polish Shtetls, they created nothing of import.Druid , says: December 20, 2019 at 10:52 pm GMTOnly when operating within the confines of Western Christian culture, or forced into western education by the Tsars, did Jews break free to be productive. And even then that production came at high cost to the host societies.
In other words, a good argument can be made, that if Jews had never infiltrated into Western Civilization, then said Westerners would have been much better off.
Sorry if real history is butt-hurting.
Today's Iran is another model on how to deal with the Jew problem. Jews are limited there in the same way as was done in Byzantium.
@sallyDigital Samizdat , says: December 20, 2019 at 11:03 pm GMTYour Jewish friends are, as they're wont to be, Zionist talmudists liars!!
@Colin Wright ow" href="https://www.counterpunch.org/2019/12/18/impeachment-what-lies-beneath/">over at CounterPunchArt , says: December 20, 2019 at 11:03 pm GMTSo here's my entirely speculative tea-leaf reading: If there's a hidden agenda behind the urgency to remove Trump, one that might actually garner the votes of Republican Senators, it is to replace him with a president who will be a more reliable and effective leader for a military attack on Iran that Israel wants to initiate before next November. Spring is the cruelest season for launching wars.
His story is that the Israelis consider Pence to be more reliable. Who knows
@Digital Samizdat Pelosi is a figurehead controlled by AIPAC.annamaria , says: December 21, 2019 at 1:28 am GMTThe most important committee chairmanships to Israeli interests, are all held by Jews.
Nita Lowey – Appropriations Committee
Adam Schiff – Intelligence Committee
Jerrold Nadler – Judiciary Committee
Eliot Engel – Foreign Affairs CommitteeThis ploy of holding back the impeachment documents sounds like something crazy Schiff would do.
I think that there is something mentally and culturally wrong with that guy – he has zero regard for truthfulness.
Pelosi has trashed her legacy. That's what happens when you get close to the Jews.
@ANZ 11/13/the-psychopathology-of-being-jewish-and-getting-away-with-it/"> https://vidrebel.wordpress.com/2012/11/13/the-psychopathology-of-being-jewish-and-getting-away-with-it/annamaria , says: December 21, 2019 at 1:49 am GMTNo wonder that the majority of Jews do not want to live in the Jewish State. too many Jews there.
They are quetching about antisemitism while attacking the western civilization -- from the assault on the First Amendment to the cheerleading for more wars for Israel in the Middle East.No one keeps the Jews from joining their brethren in Israel. There is no need to sing "Next year in Jerusalem." Enough already. Just go there -- and stay there.
@alex in San Jose AKA digital Detroit o humanity, the Jewish style.Buddy , says: December 21, 2019 at 2:34 am GMT@Mefobills ons that distract us from seeing the top of the pyramid. However, it would appear that Marx finally gets to finance in Volume Three of Capital. I could read the whole thing myself, but I would rather simply ask you what you think. How do you reconcile Marx the Illuminati Jewish agent with Marx the perspicacious critic of capitalism? Where were his real loyalties? Did he stick the dynamite at the end of his magnum opus instead of at the beginning in order to hide it from his finance masters, whom he knew would never actually read that far? Was he attempting to assuage a guilty conscience by sneaking the truth into a footnote?ANZ , says: December 21, 2019 at 3:31 am GMT@annamaria are quetching about antisemitism while attacking the western civilization -- from the assault on the First Amendment to the cheerleading for more wars for Israel in the Middle East.The complete lack of shame it takes to act like this is amazing to me. Also the hubris it would take. Though if you see yourself as a chosenite, those behaviors fit.
Apparently if you hang around then long enough, the behavior is contagious. Biden's shady Ukrainian dealings, which are 100% real are being denied and instead projected onto Trump. It's infecting our politics. The shabbos goy are emulating their masters.
Colin Wright , says: Website December 21, 2019 at 3:49 am GMT
@sallyAchilles Wannabe , says: December 21, 2019 at 4:48 am GMT'before I do, you must define venture capital.'
Vulture capital, actually. How many gentiles you can name in that category?
@redmudhooch ts since the cave but that is not capitalism. Capitalism is Usury – profit for the sake of profit independent of usefulness, welfare, community, lifestyle.Daniel Rich , says: December 21, 2019 at 4:51 am GMT
.
And as was argued by the great German economist/sociologist Werner Sombart, Capitalism was really invented by Jews However as E Michael Jones has argued, Protestantism – particularly Anglo Calvinism- was a backsliding of Christianity into Jewish materialism – the spiritual basis for capitalism. So everything seemingly goes around and around. Capitalism cannot be blamed solely on the Jews but Jews can never be abstracted from the evils of capitalism. We have to keep both balls in the air@BuddyAchilles Wannabe , says: December 21, 2019 at 4:53 am GMTGrab a small piece of paper. Add some fancy, symbolic stuff to it, like a fire-breathing dragon, with big, burning eyes, named ' Nimajneb , the faerie overlord, that hovers over an upside-down pyramid. Oh, and you'll need a number, let's say, '100.' Done. Print it out. Walk to the nearest person, say, "I've got here a $100 bill," and see what happens
Yet, the FED can take the same little piece of paper, sprinkle some magic dust on it, et voilà, you've got your $100 greenback [aka IOU $100 banknote].
Money makes the world go round?
Spin out of control into a state of utter madness, I'd say.
@redmudhoochMefobills , says: December 21, 2019 at 5:26 am GMTInteresting argument. Please see my comment -# 313
@Buddy can read through economic history or texts and spot the lies and fakery. So where does that leave the average layman to turn and not be hoaxed?Miggle , says: December 21, 2019 at 11:16 am GMTSorry it is so hard out there to navigate. I commend you for trying. I'm feeling pressure to write a book, because even Hudson does not initiate people from level zero up to someone advanced enough to resist the hoaxers.
Richard Werner is pretty good, but you have to navigate around his favoritism of private banking. Money is law.. and he doesn't want to acknowledge that. This is what you run into, and the only way is for you to navigate as best you can and see if things ring true.
@ArtNonny Mouse , says: December 21, 2019 at 11:27 am GMTThis ploy of holding back the impeachment documents sounds like something crazy Schiff would do.
I think that there is something mentally and culturally wrong with that guy – he has zero regard for truthfulness.
Wrong? Zero regard for truthfulness is mentally and culturally right for Schiffty. Very Jewish. The right way, if one is Jewish.
@anno nimusNonny Mouse , says: December 21, 2019 at 11:35 am GMTI think Talmud means Pentateuch, not O.T.
@Nonny MouseAnon [388] Disclaimer , says: December 21, 2019 at 11:46 am GMTSorry, I meat Torah, not Talmud. You called the Torah the O.T. It's only the first few books of the O.T., I think.
@Achilles Wannabe moral framework informing their behaviour.Robjil , says: December 21, 2019 at 12:02 pm GMTReal science has been suppressed and removed from the public sphere. Or it's been perverted for mass surveillance and social command and control and dual systems.
I fully believe that execrable demons like Soros never die because they're getting baby blood from orphans passed through some heinous engine into their vile bodies.
Meanwhile, we're forced to deal with nonsense like anthropogenic climate change, string theory, dark matter and other Jewry the sole purpose of which is to centralise power over mind and body in the hand of Jews and Masons.
The Capitalist Jew is the Science Jew.
The answer to both is the same.
George , says: December 21, 2019 at 12:39 pm GMTPoland created Askenazis by inviting them in 1025. They grew from 25,000 to the millions we have today all over the world.
Yet, now the Ashkenazi tribe wants to stick it to Poland for creating them.
The Zionist racial bigotry behind S447 was foreshadowed by Israel Singer of the World Jewish Congress in 1996:
"More than 3 million Jews died in Poland and Poles will not be the heirs of Polish Jews. We will never allow it. We will harass them until Poland is ice covered again. If Poland fails to satisfy Jewish demands, it will be publicly humiliated and attacked internationally . – secretary general of the World Jewish Congress"
Notice the guy's last name – Singer. This is another form of Jewish mafia vulture capitalism, using any means to hurt the masses.
What is S447?
Section 3 of Act 447, the provision for heirless property, is the part that reveals the law's intent. Under existing laws, heirless property becomes the property of the state. After WW2 there was a lot of property without owners (whether owned by Poles or Jews), and it has been sold ever since. This law has the potential to cause national havoc, as the vast majority of Poles own their own homes. Even in the relatively cosmopolitan capital of Warsaw, 79% of city-dwellers own their homes and apartments.
Under S447, any Polish-Jew or descendent of said Polish Jew can lay claim to property to property deemed heirless and sold after the war, thus all land that can be claimed to have been owned by Jews before 1939 will be transferred to the global Jewish diaspora. If this law is put into practice, approximately 30% of Warsaw homeowners will be forced to pay "rent" to random Jews claiming to be Holocaust survivors or their descendants in New York City and Tel Aviv.
How would this "law" work in Poland?
Under S447, any Polish-Jew or descendent of said Polish Jew can lay claim to property to property deemed heirless and sold after the war, thus all land that can be claimed to have been owned by Jews before 1939 will be transferred to the global Jewish diaspora. If this law is put into practice, approximately 30% of Warsaw homeowners will be forced to pay "rent" to random Jews claiming to be Holocaust survivors or their descendants in New York City and Tel Aviv.
Trump was "impeached" for not giving arms freely to ZUS controlled Ukraine. The arms have been used to shell and kill civilians in East Ukraine. Yet, Trump should be impeached for pushing this Jewish Mafia vulture like capitalism on Poland.
Pressure from the US government is only reason this law is even being considered. While Donald Trump appeals to the West and Polish patriotism in his speeches, his government's actions say something radically different. Last February, US Secretary of State Mike Pompeo demanded the Polish state pass this law. Last August, the American congress urged more pressure on the Polish state to get S447 through.
mcohen , says: December 21, 2019 at 12:40 pm GMT"Tucker Carlson's recent attack on the activities of Paul Singer's vulture fund"
Yup, the bricks and mortar outdoor gear shops, Cabela's + Bass Pro need 2 HQs. Nebraska could have stopped it but instead chose farm subsidies, forever war, and pensions for government workers. To have that much spending excess in the government spending you need high efficiency from the civilian sector.
The reaction in Nebraska seems to be a big yawn. My guess is Cabela was constantly trying to reduce their state and local taxes, at some point keeping the low wage retail jobs while dumping the high wage HQ jobs made sense, short term, so they sold Sidney NB down the river.
Candidate targets Sasse on Sidney response, other issues
"Nobody tried anything," was the compaint(sic) Innis heard on his visits to the struggling community.
https://www.mccookgazette.com/story/2656650.html
REI is probably safe as it is a Consumers' co-operative.
annamaria , says: December 21, 2019 at 1:31 pm GMTMefo says
"Forces jews into honorable laboring professions"
That is funny.I feel a laugh coming on.
Well mefo let me tell you a funny story.This guy i know made some nasty comments about jews and not long after he got cancer.His doctor,a jewish cancer specialist put him back on his feet.
Know what the funny part is.He still makes the same comments.From an article in the jew york times
Few escaped the pervasive prejudice, however. In the early 1900s, Dr. Paul Ehrlich, a German Jew who discovered a treatment for syphilis and is considered the father of chemotherapy, popularized the term "magic bullet" to describe a medical compound that would "aim exclusively at the dangerous intruding parasites" yet not "touch the organism itself."
But though Dr. Ehrlich was awarded the Nobel Prize in 1908, he was not made a full professor at a university until 1914, a year before he died. (That posting was at the University of Frankfurt, in the year of its founding.) In the 1930s, as the Nazis came to power, his name was removed from textbooks and taken off Frankfurt's street signs. Paul-Ehrlich-Strasse regained its name only after World War II.
@ANZ of bankers and religious fanatics or a land-based theocratic toy-state of Israel.annamaria , says: December 21, 2019 at 1:43 pm GMTIt is the spirit of parasitism that is "infectious" and works against patriotism. Hense the local profiteers, from Rumsfeld to McCain, Biden, Brennan, Pelosi, Rubio and the likes who have been hastening the demise of the US for the immediate monetary compensation tied to the allegiance to the Jewish cause. The zionized NYT and the presstituting stink tanks the Atlantic Council (affiliated with the openly subversive Integrity Initiative), American Enterprise Institute and such have been working openly against the US interests and for ziocon interests.
@Mefobillsannamaria , says: December 21, 2019 at 1:49 pm GMT"Herzyl admired the Germans of the day, and wanted Jews to be like the German's he so admired. Herzyl thought that if Jews had their own country of Zion, they would settle down and become normal people."
-- The dream was an illusion. When the meme "is it good for the Jew?" beats all and any moral principles, then the world gets a nation of thieves and murderers quetching non-stop about their eternal victimhood. Pathetic.
http://www.thehypertexts.com/Israeli%20Prime%20Ministers%20Terrorists%20Nakba.htm
annamaria , says: December 21, 2019 at 5:25 pm GMThttp://www.thehypertexts.com/Israeli%20Prime%20Ministers%20Terrorists%20Nakba.htm
[MORE]@mcohen spot.com/2012/10/czech-activists-accused-madeleine.html#moreFvS , says: December 21, 2019 at 6:44 pm GMTFrom the position of the USA Secretary of State, Madeleine Albright pushed for the bombing of the Federal Republic of Yugoslavia in 1999, when NATO planes bombed without a UN mandate. She also supported the jihad in Bosnia during 1992-1995, and the manipulation of the facts about Srebrenica, but also personally earned from the privatization of Kosovo Telecommunications. She should, therefore, bear the consequences of her political decisions and acknowledge responsibility for the bloodshed, in which thousands of civilians were killed.
@lavoisierMr. Anon , says: December 21, 2019 at 7:32 pm GMTBut in fairness, the Koch brothers are no damn good for the nation either.
No, they are (were) not. However, they also got a lot of negative media attention while these Jewish vulture capitalists have mostly been given a pass. Also, whites are about 55% of the population while Jews are about 2%.
Mefobills , says: December 21, 2019 at 7:52 pm GMT@silviosilver er because the debt was already in default or was at imminent risk of defaulting, which is why the debt sells at a heavy discount, since existing debt holders are often happy to sell cheap and get something rather than hold on and risk getting nothing.If A enters into a contract with B to borrow money, and then fails to be pay it back to B, why should C be able to come in and buy the debt from B and expect to be paid back? A entered into a contract with B, not C. And why should C expect to be able to employ the machinery of state coercion to force A to honor a contract that A didn't even make with C in the first place? Mr. Anon , says: December 21, 2019 at 7:37 pm GMT
@Colin WrightIt's important not to get carried away with this.
I agree. Mitt Romney was also a financial hustler. The over-representation is real, but not exclusive.
@Thales the Milesian ters sent representatives to a small central government. This form of government was usurped in 1913, by the "money powers," and these money powers use elections as a veneer to sanction their behind the scenes rule.Mefobills , says: December 21, 2019 at 8:10 pm GMTHere is another quote from the Ivan the Terrible article, which sums things up:
n 1601, just a few years after Ivan's death, Russia was starving, leaderless and under attack. Again, under elite rule, with no ruling monarch, Russia was plunged into years of war and violence. Fighting oligarchy has been the traditional job of any monarch and is the ultimate purpose of government.
@Robjil olves to the "were so smart" and look at the medical advances, nobel prizes, etc. we've contributed.niceland , says: December 21, 2019 at 8:11 pm GMTConveniently left out of account, is that these advances would have been done anyway in their absence. The goyim do possess the intelligence and fortitude to solider on without jews in our midst, and in-fact, when jews are absent from our civilizations, advancement accelerates.
The best thing for a jew to do is turn his back on the tribe, and re-join humanity.
To any Jew reading this . walk away from the tribe. Man-up and get some intestinal fortitude, leave the parasite method behind you, and join humanity.
@MefobillsMefobills , says: December 21, 2019 at 8:27 pm GMTI'm feeling pressure to write a book, because even Hudson does not initiate people from level zero up to someone advanced enough to resist the hoaxers.
Have you considered writing articles? Series of articles could later on become raw material for a book. Perhaps easier path to take and could perhaps provide useful feedback along the way.
It sure looks like you could write far more informative and interesting articles than many writers here on Unz because of your broad perspective. The big picture is always more interesting and I agree with you about the importance of the subject.
@Mr. Anon d by these degenerate types of people in order to take illicit gains.ThreeCranes , says: December 21, 2019 at 9:37 pm GMTIn the U.S., (I'm an American), these usury flows funnel into the press – to where the press becomes owned, so that these Oligarchic interests can continue to take rents and unearned income through their various schemes.
I might add, our intelligent UNZ readers, have noticed that the U.S. mainstream press is predominantly Jewish owned. Intelligent people notice patterns are some of us are unwilling to look away. No amount of deception through the mainstream press can reduce the revulsion moral people instinctively feel when watching vultures operate.
@Bookish1 ing whiteness has never been more urgent.' By Mark Levine"mark green , says: December 21, 2019 at 9:53 pm GMTWhen challenged for apparently encouraging genocide, Levine and his cronies answer that "whiteness", as they are employing the term, is merely an accidental property as opposed to an essential quality. So stripping an organism of its whiteness will not diminish it to any significant degree, does not threaten its very existence, merely prunes it into a more acceptable shape.
And yet when some poor misguided soul has the temerity to put up a sign saying "It's Okay To Be White", the Mark Levines of the world have a cow. Suddenly, "white" is not a mere accidental quality at all.
@FvSBuddy , says: December 21, 2019 at 11:50 pm GMTThe Koch Brothers (what's left of them; one died recently) are industrialists. They build things people want. They are innovators. Yes, the Koch Brothers are filthy rich but they employ tens of thousands of people in the US alone.
Most importantly, the Koch Bros. are not parasitic, money-skimming extractors or wealth like the vulture capitalists described by Joyce.
@Mefobills s and schemes. The advantage of their technique is that it does not leave a positive trace but a negative trace. It is much more difficult to notice absence than presence. You can't see all the money that is constantly being vacuumed out of the economy. It doesn't leave a visible hole. And since none of us has ever witnessed firsthand what a rent-free economy might actually look like (since they are not allowed to exist), we internalize the belief that such an economy goes against natural law, when in fact the contrary is true.mcohen , says: December 21, 2019 at 11:52 pm GMTIs there any way for you to link to more of your writing without giving away your identity?
@mcohen class="comment-text">Mefobills , says: December 21, 2019 at 11:52 pm GMTMefo
Lol
Ah so you're a team.interesting.protecting the ween.
How about this paul ehrlich.next generation
https://en.m.wikipedia.org/wiki/Paul_R._Ehrlich
Paul Ralph Ehrlich (born May 29, 1932) is an American biologist, best known for his warnings about the consequences of population growth and limited resources.[2][3] He is the Bing Professor of Population Studies of the Department of Biology of Stanford University and president of Stanford's Center for Conservation Biology.
@Thales the Milesianmcohen , says: December 22, 2019 at 12:01 am GMTStraw man argument. I am not for democracy or human rights. Apparently you don't want to let go of your false worldview.
@mark green dding.Stop posting on unz,its for adults only.Wally , says: December 22, 2019 at 12:11 am GMThttp://www.newyorker.com
A Whistle-Blower Accuses the Kochs of "Poisoning" an Arkansas Townhttp://www.rollingstone.com
Web results
David Koch Built a Toxic Empire -- with Human Consequenceshttps://m.huffpost.com › entry
Koch Brothers' Toxic Legacy Detailed In New Report | HuffPostReid right on claiming Kochs produce more pollution than oil giants
@Achilles WannabeDaniel Rich , says: December 22, 2019 at 12:19 am GMTDon't like a product or service that a "capitalist" makes or offers?
Fine & dandy, don't buy it, don't pay for it.
It's called choice .
There is no choice under your preferred Communism, as we have seen repeatedly.
@RobjilDingo jay b , says: Website December 22, 2019 at 12:20 am GMTUnder S447, any Polish-Jew or descendent of said Polish Jew can lay claim to property to property deemed heirless and sold after the war, thus all land that can be claimed to have been owned by Jews before 1939 will be transferred to the global Jewish diaspora.
Let's make a variant of the Polish S447 applicable to Palestinians and find out how much the illegal occupiers of Palestine like to see 'justice.'
Mefobills , says: December 22, 2019 at 12:42 am GMTTo be brief :Wasn't. Singer originally behind the dossier on Trump?
@mcohen eir factories full of low IQ but compliant workers. 3) The finance banking class who want new debts to pay off old debts. New Debtors help fund a new debt cycle. 4) New people through population replacement, destroy the history and cohesion of the host country. By de-racinating and destroying the host people, then Plutocrats can continue with their thefts unchallenged.anon [415] Disclaimer , says: December 22, 2019 at 12:46 am GMTThe debt money cycle is something like a pyramid, where it sucks upward toward plutocracy. Plutocrats and Oligarchs then emit hypnosis and propaganda through the owned press to maintain their status. The funnel, or bottom of the pyramid wants new debts and new debtors.
@Father O'HaraRobjil , says: December 22, 2019 at 12:55 am GMThow do entities like Puerto Rico get so far in debt in the first place? so many problems because of what appeared to be incompetent and comatose government.
Yes, ultimately the blame must lie with the voters: they picked douche, when they should have picked turd.
@Daniel Rich l, Germany and Russia were both strangled. The US's turn is now. The US wants to strangle Poland too with this s447 law. Trump should have been impeached for pushing this law on Poland.anon [415] Disclaimer , says: December 22, 2019 at 12:58 am GMT
Pressure from the US government is only reason this law is even being considered. While Donald Trump appeals to the West and Polish patriotism in his speeches, his government's actions say something radically different. Last February, US Secretary of State Mike Pompeo demanded the Polish state pass this law. Last August, the American congress urged more pressure on the Polish state to get S447 through.
@Svevlad uple of centuries, nearly took Europe too, and were a serious thorn in everyone's side for a thousand yearsMefobills , says: December 22, 2019 at 1:03 am GMTIn other words, they did much better than the Jews over the same period
Ball-breaking is a viable strategy, apparently
I think that all afroasiatic-speaking populations are like this, if they were to gain in intelligence the world would get weird real fast
Nah, no danger: it's just first-mover advantage, which, by definition, can belong only to one entity
Things went a little differently two thousand years ago, people like Joyce could just as easily have been writing about Kurds or Alawites or whatever
Mefobills , says: December 22, 2019 at 1:36 am GMTBuddy,
The real eureka moment for me came when I finally understood that money and debt were created at the same time on opposite sides of the ledger. Only the two columns are not equal. One column grows through magic while the other does not. Once the sorcery has been wrought, the creditors can simply sit back and wait as the mechanism eventually transfers all the wealth in the world to them.
That is pretty good. Economics and most equations do not codify time. The equal sign cannot comprehend time, so most of the math used in economics textbooks is telling lies.
Also, as I mentioned earlier, the bad guys put their thumb on the scale and call things equal. They do this with swaps of unlike kinds. For example, you can build up housing prices with bubble economics, then collapse the economy by preventing new loans, or doing call-in loans. That then forces prices downward. The bankster/vulture class then forces a swap of the asset to collapse (cancel) the debt instrument. In this case, the house is transferred to creditor to erase debts. The house transfers to collapse a money contract, which is a swap of unlike kinds. Vultures do the same thing, they don't necessarily want money in exchange for the debt instrument they have bought.
With regards to double entry hypothecation – at the first instance of time, when debt instrument is signed ONLY THEN IS IT A MIRROR. The credit created and the debt claims are 1:1 only at the instant (minus fees). Later in time, the debt claims grow while the credit created does not. This is why debt claims destroy the natural world, as people rape the world converting forests to board feet of lumber, to then make a price, to then fetch money.
In the first cycles of a loan it is ALL USURY. Worse it is seignorage. Seignorage is greater purchasing power now, whereas the money is worth less later.
In the first cycles of the loan, the bank credit that you pay back, virtually none of it goes to paying off principle. The credit decrements the asset side of your ledger (your savings go down) and then point at the banker, to increase the asset side of his ledger. In the first cycles of the loan, your liability column (principle on the loan) goes down only slightly or not at all.
This is pure usury, plain and simple. There is little to risk the loan emitter either, as a house is fungible and can be grabbed by law. If a real asset is attached to the double entry ledger, it is to lower risk to the creditor (banker), not the debtor. A double entry ledger can lie, or tell the truth. It would tell the truth if we used fees in this case and didn't hypothecate new credit. But, then again, as you mention most people are locked into a hypnotic trance.
The proper way to do things is with sovereign money, not private corporate bank money at usury.
Whenever a nations people demand their sovereignty, they are attacked by the usual suspects. A lot of people don't want to admit that both world wars were started by the finance class, with Jews as leading agents, to then demonize Germany.
Germany had the temerity under the Kaiser to run an Industrial Capitalist Mixed Economy using its own sovereign credit, and then Hitler resurrected this system in 1933.
@mcohen9/11 Inside job , says: December 22, 2019 at 1:40 am GMTHow about this paul ehrlich.next generation
Oh, sorry a different Paul Ehrlich.
You are only making my point. If a jew is in an honorable profession, he can be of benefit to the host society.
Maybe Jews should also be limited from the press too, so they may not have a malign influence on easily duped goyim minds.
But then, I don't want to lose the brave and honorable Jews like Ron Unz who are for the truth of things, even if it is damaging to their co-ethnics.
Bookish1 , says: December 22, 2019 at 1:41 am GMTrenegadetribune.com ; "US Court sentences Israeli CEO to 22 years for scamming Americans , media ignore it ":
"The company specifically targeted the elderly and the vulnerable , one of over 100 companies perpetrating a scam called binary options Israel permitted the scam to go on for a decade "
Will Trump pardon him before he leaves office ? The Jerusalem Post : " Trump pardons Israeli drug smuggler" after serving just 4 years of a 20 year sentence .
@ThomasinaBookish1 , says: December 22, 2019 at 1:51 am GMTTo get it straight: Trump is playing their game but not totally. He isn't invading Iran so the globalists aren't getting everything that they want.
@Digital SamizdatHibernian , says: December 22, 2019 at 2:31 am GMTMaybe the dems want Trump in because they see a world war coming and the Republicans in for that.
@Mr. AnonLot , says: December 22, 2019 at 3:11 am GMTContracts often have provisions for successors and assignees. The real question is whether the weaker party was sufficiently strong to know what they were signing and have a good chance of being able to carry out their side of the bargain. Many sovereign buyers are about as good risk as an unemployed man who wants to buy a car on credit.
@silviosilverDesert Fox , says: December 22, 2019 at 3:28 am GMTI agree this is a real problem, but no need to exaggerate. It isn't 99%. Outside of the USA, it is probably well under half.
@9/11 Inside jobKA , says: December 22, 2019 at 4:32 am GMTTrump will do anything his zionist masters tell him to do, I am sure they have enough videos of Trump to last a lifetime.
@Just passing through countries have been looted, the Jews have turned on the Whites and the latter are now crying that their criminal comrades have now betrayed them."mcohen , says: December 22, 2019 at 4:39 am GMTIt's called comeuppance.
But IQ doesn't explain fully but the readiness to believe the west . Congo is particularly a sad case. It has been fighting a war for last 60 years .
As far as Belgium is concerned, that nations should be swamped to the brim with Congolese making it burst at the seams .
Who cares if some moronic Trump supporters get all shook up in Battle Creek . Who gives a toss ?
Trump is a fraud , a huckster a corrupt filthy white thrash
@geokat62 iven the environmental damage said industries have caused. The vulture capitalists recover debt from failed states. A worthy cause indeed, especially for investors.hotrod31 , says: December 22, 2019 at 8:03 am GMTmark green says:
December 21, 2019 at 9:53 pm GMT • 100 Words@FvS
The Koch Brothers (what's left of them; one died recently) are industrialists. They build things people want. They are innovators. Yes, the Koch Brothers are filthy rich but they employ tens of thousands of people in the US alone.Most importantly, the Koch Bros. are not parasitic, money-skimming extractors or wealth like the vulture capitalists described by Joyce.
@Colin Wrightgeokat62 , says: December 22, 2019 at 2:20 pm GMTShould one suspect that your last question is, rhetorical? Quite, i'm sure.
@mcohen ly able to secure large amounts of debt at very favourable interest rates. But this very soon changed. The vultures at GS, after peering into the Greece's true financial records, knew how vulnerable Greek finances were and were betting heavily against Greek sovereign debt by shorting it. This soon drove borrowing rates sky high which made it nearly impossible for the Greek govt to roll over their short term debt obligations.ANZ , says: December 22, 2019 at 3:08 pm GMTSo, thanks to the vulture capitalists at GS, a large percentage of the Greek population has been suffering and will continue to suffer under the austerity policies that were introduced in the wake of the financial crises.
@annamaria d us out from the classic American tradition into the modern Zionist vision. These turncoats are a uniquely despicable lot since they come with smiles and handshakes to kill the soul of our nation.Thales the Milesian , says: December 22, 2019 at 6:20 pm GMTIf history serves as a guide, it will take a government led by s strongman to right this ship. Democracy has proven too easily corruptible by a private banking cartel that can print its way to dominance. This cartel will select, groom, install and maintain their double agents into our political, economic and cultural spheres.
Here is the most plain lesson I can take from this: don't allow privatized money as the national currency.
@MefobillsThales the Milesian , says: December 22, 2019 at 6:35 pm GMTI know you are not. Go and tell that to the World. Stop preaching democracy, and other crap.
Mr. Singer will prosper as this is the will of the American people and you can do nothing to change that.
@Thales the Milesianmcohen , says: December 22, 2019 at 8:10 pm GMTBy the way Mefobills people like you are the problem. Sitting on your butt, doing nothing and whining.
@geokat62Robjil , says: December 22, 2019 at 8:57 pm GMTGeo you cannot bullshit me.i am teflonika. Retitrement age was 55 but now it is 67.
Great people.Failed state."They"stole his money.lol http://www.ekathimerini.com/218552/article/ekathimerini/community/they-stole-my-money-greek-dreams-of-retirement-turn-sour
@mcohen oycott abroad. It did this by using a barter system: equipment and commodities were exchanged directly with other countries, circumventing the international banks. This system of direct exchange occurred without debt and without trade deficits. Germany's economic experiment, like Lincoln's, was short-lived; but it left some lasting monuments to its success, including the famous Autobahn, the world's first extensive superhighway.1Greece or any nation need not be in "debt". It is a game, a game of money printed out of thin air. All Greece has to do, is give up the debt game. Barter game is a better game.
MrFoSquare , says: December 22, 2019 at 10:42 pm GMT
@Buddy three.Mefobills , says: December 23, 2019 at 1:13 am GMTRoger Elletson, in his excellent book "Money: A Medium of Power"(Amazon), defines the purpose of usury: "Under the current monetary regime, the effect, and indeed the purpose, of usury is to create compounding (think 'little by little') monetary claims from usurers against the productive output and underlying assets of nations."
In his unpublished manuscript, "The Triumph of Western Civilization," Elletson says: "What Parapometrics© now reveals, however, is that usury is the ultimate expression of parasitic (or mammonic) monetary law; it is the life principle of satanic power and human parasitism."
@Robjil n proportion to the economies needs, as is what happened in Germany. Hitler laughed at the gold-men, and considered gold money as a tool used by the Jews in their "international capital game."NoseytheDuke , says: December 23, 2019 at 1:16 am GMTPurchasing power was put into the German economy using Oeffa and Mefo bills. When the bills were discounted (redeemed) at a bank, said bank turned around and presented the bills to the Central Bank (Reichsbank). Reichsbank then created new Reichsmarks to pay off the Bills. In this way millions of marks of new credit flooded into the German economy. By 1938 the tax roles in Germany had almost tripled, and it was not due to Gold or "international credit."
@Thales the MilesianRobjil , says: December 23, 2019 at 2:00 am GMTAll that you and I really know about Mefobills is that information about the nature of money and economics is being freely given and appears to be much appreciated according to other commenters. We don't know anything about what other activities Mefobills is engaged in so your comment is nonsense thinly disguised as petty insults.
@Mefobills ding began.5Caruthers , says: December 23, 2019 at 2:47 am GMTIn Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented:
Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years. Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took the whole Capitalist and Communist world to destroy the German power over Europe and bring Europe back under the heel of the Bankers. Such history of money does not even appear in the textbooks of public (government) schools today.
@Colin WrightCaruthers , says: December 23, 2019 at 2:54 am GMTThe underdog in Israel are Palestinians. The Chosen, in Israel and elsewhere, treat them like vermin. The Israeli chosen are the most color-conscious and racist people in the Western world.
@mcohenAchilles Wannabe , says: December 23, 2019 at 3:21 am GMTWhat benefit did the vulture capitalists give to the Greek people that they must now pay for with austerity?
@Just passing throughAchilles Wannabe , says: December 23, 2019 at 3:46 am GMTI would say WASP's and Jews savaged Germany in WW2. Perhaps then the Jews turned on the WASPS. But WASP's are a curious bunch. They seem to have absolutely no loyalty to their own people. Look at what they have done to the English white working class. WASP's also are very enamored of Jews. If anything their loyalty sees to be to the Jews and not their own
ivan , says: December 23, 2019 at 3:48 am GMT"we should ditch the word capitalism for usuryism."
Best idea I've heard in awhile. Likewise change Economics Departments to Usury Departments – at least in the Anglo=Judeo Sphere
@Nonny Mousemcohen , says: December 23, 2019 at 4:43 am GMTThat may be the case in the Exodus dramas but the idea of 'who is thy brother' was already made clear earlier in Genesis – the story of Abel and Cain. The later Jews and the Christians merely rediscovered what was the original plan : that is, that all mankind share one brotherhood under one God.
@MrFoSquareCaruthers , says: December 23, 2019 at 7:44 am GMTMr 4
Aah so more bullshit. https://en.m.wikipedia.org/wiki/Loans_and_interest_in_Judaism
@mcohenBuddy , says: December 23, 2019 at 11:53 am GMTSo the Greek debt was caused by the purchase of too many weapons to defend against other countries like Turkey in NATO, an American-led organization that promises to provide security to all its member states? So the populace of a treaty-bound ally should suffer US-enforced austerity to have weapons so that vulture capitalists can enjoy large profits which they largely funnel to Jewish causes while the Jewish state never is expected to suffer austerity for weapons?
@MrFoSquare . The texts are diabolically equivocal and ingeniously interlocking. The exoteric interpretation is innocent (Torah) and full of plausible deniability, the esoteric interpretation is malevolent (Talmud), and the ultra-esoteric interpretation (Kabbalah) is Satanic. At the very bottom you have the ultimate esoteric language of gematria. The good news is that it is easy to see through the necromancy once you understand how money magic functions. But this is only possible if we refuse the temptation of greed. We have not done a very good job of resisting greed, and those of us who succumb to this temptation deserve to be swindled.Just passing through , says: December 23, 2019 at 1:28 pm GMT@Achilles Wannabe re to be Jewish, people like Joyce would be on the case saying it was all da jooz, but he isn't very keen to blame WASPs for the black-on-white violence in American public schools, makes ya wonder.Hibernian , says: December 23, 2019 at 1:50 pm GMTWASP's also are very enamored of Jews. If anything their loyalty sees to be to the Jews and not their own
Jews have always been present in the elite, WASPs identify with Jews because they identfy with the elite. I am quite sure even to this day, WASPs and Jews are working together, it is just that the lower rungs of White society are being overwhelmed first and it seems unlikely that these North-Eastern WASPs will feel the pain any time soon.
@Achilles WannabeGeorge F. Held , says: Website December 23, 2019 at 2:00 pm GMTNew England Neo-Calvinists never saw Southern and Border Anglo-Celts as brothers. Not at all. Thus the Civil War. As for their closer kin, poorer Mayflower, etc., descendants, they mixed in with Germans, Scandinavians, and, horror of horrors, the Irish, as they moved West. Bing Crosby was a Mayflower descendant.
@Truth3silviosilver , says: December 23, 2019 at 8:31 pm GMTTrump is a bad president for the reasons you cite, but neither Pence nor any demorat would be better. So let him be
@eah conclusions?Joyce's conclusions -- that any of this behavior is uniquely "Jewish" -- are absurd. The facts he cites refer to no more than simply the standard operations of the market economy.
Some people just loath the very concept of credit and finance, so they reflexively praise any "analysis" which they believe justifies their anger.
Others are casting about for somebody or something to blame for their own incompetence -- the poor, downtrodden debtor "victims" -- and they too are happy to have their failings explained away.
On the substantive issues, this essay is just hot air.
silviosilver , says: December 23, 2019 at 8:39 pm GMT
@jack daniels e financial system by allowing widespread bank failures. But the banking executives whose criminal incompetence and, in some cases, corruption led to the crisis should definitely have been jailed, or at least permanently barred from ever working in the industry again. (Liberal egalitarianism shouldn't so lightly get off the hook either. After all, it is lunatic egalitarians who insisted that blacks and hispanics are just as good credit risks as whites, and who demanded that banks extend loans even to obvious deadbeats.)silviosilver , says: December 23, 2019 at 8:46 pm GMTThis is an infinitely more important issue than bellyaching about "vulture" funds and trying to portray them as uniquely Jewish.
@Wyatt what they owe – in other words, to just give their money away?Caruthers , says: December 23, 2019 at 9:38 pm GMTAnd if there's a predilection among jewish men to engage in predatory lending and collecting tactics that is disproportionate to their of the population, there's something about their genes or their culture that shapes them to be this way.
Okay, but so what? Given that there's nothing immoral – and much that is beneficial – about lending and borrowing, why should this be any more of an issue than that west Africans genes help them excel at sportsball or east Asians genes at math and engineering?
@Just passing throughFarrakhan.DDuke.AliceWalker.AllAgree , says: December 23, 2019 at 10:35 pm GMTJewish elites are infinitely more tribal and ethnocentric than WASP elites, which is demonstrated by their charitable giving, which is far more narrowly focused on specifically Jewish causes than that of WASP elites is focused on specifically WASP causes.
Given their small numbers, Jewish elites usually must make tactical alliances with Gentile elites; but when their ethnic interests conflict with general elite interests (e.g., Marxist class conflicts), the former will almost always prevail. Hence, any WASP "loyalty" to Jews as a group is foolish.
@Mefobills this month's Executive Order Jews extracted from Trump declaring Jews to be a distinct race/nationality.renfro , says: December 24, 2019 at 1:52 am GMTUsury is a power relation, where you steal from others because you can. Laws are changed to enable the thefts.
The people of Euro lineage, i.e., the descendants of Christendom, usually don't steal even when they easily could because they are naturally indifferent as to materialism, their complimentary instinctive drives being 1) for adventure in overcoming challenges while staying within the bounds of ethical self-restraint; and 2) intellectual curiosity to learn what's out there and how to harmoniously survive and coexist with realities discovered.
@silviosilver ws: An Overview – Jstorsilviosilver , says: December 24, 2019 at 2:33 am GMT
https://www.jstor.org/stable/42909635
by M Amir – 1971 – Cited by 3 – Related articles"The Jewish crime rate tends to be higher than that of non-Jews and other religious groups for white-collar offenses, that is, commercial or commercial finance.
*Also where special laws have been enacted for religious groups the crime rate among Jews tended to be even higher.
*Jews are found to be significantly over-represented in both fraudulent and genuine bankruptcies (almost ten times the rate of non-Jews)."@annamaria t's not news to me that hyperethnocentric Jewish financiers help fund hyperethnocentric Jewish organizations.silviosilver , says: December 24, 2019 at 2:45 am GMTUltimately, though, that funding is a consequence of Jewish participation in the economy. So if that in itself is wrong, then this essay is not so much a criticism of Jewish behavior, but crosses over into a criticism of Jewish existence – how are you supposed to live if you're barred from economic participation? – which to me is a different kettle of fish altogether. As much as I hate the term, that's something even I would call anti-semitic (note the absence of sneer quotes, which for me are practically mandatory).
@Mr. Anon er appetite for risk. See, sometimes I don't know that I'm not going to be repaid; it's just that I now assess the prospects of being repaid as failing to meet some risk criterion I have. Other people's risk assessments differ from mine, which creates a market for existing debt.Achilles Wannabe , says: December 24, 2019 at 4:59 am GMTSometimes the market highly irrationally prices financial assets – most evident (in hindsight) at market peaks and troughs – so there are certainly some good opportunities in distressed debt. I just don't see that "vulture" funds which scan the market looking for distressed debt are doing anything fundamentally different to any other buyers of debt.
@Hibernian ch and Germans from NY and the middle colonies like the Rockefellers Roosevelt's. Basically they are individualized deracinated people who are not even brothers to each other. They worship mammon – money and power. Jews are of course anything but deracinated. They are however the world's leading usurers so the WASP with his Protestant Ethic – usury sanctified – is bawled over by them – not just financially but psychologically. They have handed the Jews their universities, their cultural institutions. They are a people who gave themselves up to a people for whom there is no one but themselves. The rest of us are just along for the ride – treacherous as it isHibernian , says: December 24, 2019 at 5:13 am GMT@silviosilverMr. Anon , says: December 24, 2019 at 5:44 am GMTI'd be very surprised if the last sentence of the above excerpt was true. Also it's a no brainer that US courts are more favorable to foreigners than third world courts are.
@silviosilverMr. Anon , says: December 24, 2019 at 5:56 am GMTA bond is a financial asset, and like other financial assets it can be bought and sold virtually at will.
Yes, but a bond is also an agreement between two parties to lend money and to pay it back.
Robjil , says: December 24, 2019 at 12:12 pm GMT@silviosilver ought legal recourse to exact repayment?No, but they shouldn't necessarily expect to get it. They took the risk in lending to a bad credit-risk. At least they provided something of value – the money. Singer's fund provides nothing of value. They're just parasites.
Should they simply be forced to "lend" to people who are completely unwilling to pay what they owe – in other words, to just give their money away?
Nobody forced them to lend anything. They did it of their own accord. They didn't have to make the loans. They could have done something else with the money.
Elsztain and Mindlin, both Top Jews, now control Argentina.
Elsztain and Mindlin's close connections to a merging network of some of the most powerful globalists in the world today suggest their role to be one of sniffing out the opportunities and laying the groundwork for hostile take-over of resources and infrastructure by these elite scavengers who prey upon target nations, protected from view by the likes of Elsztain and Mindlin, who are little more than mafia outreach agents."
@silviosilver nterest in relations with Israel comes as a number of Central and South American countries, notably Brazil, have adopted increasingly pro-Israel positions in line with policies of US President Donald Trump.Caruthers , says: December 24, 2019 at 9:06 pm GMTGuatemala opened a new embassy in Jerusalem al-Quds in occupied Palestine shortly after the US formally transferred its embassy from Tel Aviv to the city in May 2018, which prompted worldwide condemnation and anger among Palestinians.
In August, Honduras also recognized Jerusalem al-Quds as the the so-called capital of Israel and announced that it sought to open a diplomatic office there.
@mcohen callously don't care about the suffering they cause, or sadistically delight in it. The more distressed mortgages they can find at a discount, the more homes they can seize, the more non-co-ethnics they can render homeless, the happier they are. Like Gordon Gekko, and unlike bankers who lend money for production of goods, they don't produce anything -- -they simply parasitize the lending and borrowing of the productive economy.mcohen , says: December 24, 2019 at 9:45 pm GMT
If they are an asset to society, if their activities are a boon to society, let them practice those activities exclusively in Israel and among their own coethnics elsewhere, and contravene Talmudic injunctions.@CaruthersRobjil , says: December 24, 2019 at 11:29 pm GMT"Co ethnics" lol
Just a matter of time before the arrive in your neighborhood.They love pork in a barrel
Talmudic indeed.Take your vanilla flavoured anti semitism and piss off.
@mcohenrenfro , says: December 25, 2019 at 4:19 am GMTThat is companies in China fighting with each other. It is vulture funds on a small scale.
It not hurting or attacking struggling nations on a grand scale such as Paul Singer and his ilk does.
@silviosilverannamaria , says: December 25, 2019 at 2:36 pm GMTOkay, but so what? Given that there's nothing immoral – and much that is beneficial – about lending and borrowing, why should this be any more of an issue than that west Africans genes
You don't get the difference between the Jewish white collar crime and Africans being good at sports ball?
That comparison doesnt make sense.@silviosilver history of Jews in Russia during the Bolshevik revolution? The kettle and fish fit right: Mr. Snger has been financing the Holo-museums while destroying the lives of the millions in South America. Pushing the ball-point (!) written story of Anne Frank upon American kids while immiserating hundreds of thousands of Argentian kids is morally ugly. Ugly.Achilles Wannabe , says: December 26, 2019 at 2:15 am GMTAs for antisemitism, the involvement of US leading zionists, and the Jewish State itself, in supporting Ukrainian banderites (self-proclaimed neo-nazi) has buried the canard of antisemitism forever. There is no hope for the moral recovery of your Holobiz Museums and "eternal victimhood" memes.
@annamariaeah , says: December 26, 2019 at 12:55 pm GMTActually we get the Jewish version of the history of Jews in Germany as we get the Jewish version of our own history – founding to Trump. It is breathtaking how Jews, Semophiles and people who are intimidated by Jews and Semophiles have created how we understand ourselves. This has been going on since Dec 7, 1941. There is almost no one left who remembers when stand up Euro Gentiles wrote history
@annamaria in a speech he gave at Brown in 1966, George Lincoln Rockwell addressed the role of Jews in the Russian Revolution -- you can listen to the speech here –> Brown link -- he covers similar material in a 1967 speech at UCLA –> UCLA link .Malla , says: December 26, 2019 at 5:22 pm GMTCaruthers , says: December 27, 2019 at 1:40 am GMTOne must take lessons from the great ruler Frederick the Great of Prussia about how to deal with Jewish scams. You see, Jewish scams have a long history. And most of these Jewish scamsters donate a lot of money to Jewish organisations.
Well Frederick the Great came up with a novel and effective solution to all this. He just charged the official Jewish organisations the amount in money in loss to Prussian society due to such scams. Guess What? The Jewish scams stopped. Totally stopped.
"Oy Vey" screamed the Jews, "All the money ended up in the hands of the cursed goyim and all our efforts and hard work in scamming went to waste. "
Makes me wonder if Democracy is really a better form of government than Monarchy.
@mcohenAchilles Wannabe , says: December 28, 2019 at 5:43 am GMTJoyce's article contends that the victims of these Jewish vulture capitalists are overwhelmingly goyim, while the ultimate benefactors (through their charitable donations) are Jews. You never dispute, let alone refute, this contention. However, you do contend that these vulture capitalists somehow benefit society as a whole (through some sort of economic "discipline" or whatever), but resent the suggestion that they confine this beneficial discipline (like they confine their charitable donations) to Jews, a suggestion you call "antisemitic".
@SkeptikalPlatypus jr , says: December 28, 2019 at 1:24 pm GMTYeah, that is it. In college I knew a Brahmin intimately. I was struck by the contrast between her quiet classic WASP disdain towards ordinary white conventionality and her near awe of what I thought of as Jewish vulgarity -chutzpah.
There was something ersatz Semitic in the original New England Puritanism = a sort of Jewish 1.0. Now the WASP's think the Jews are better at their game than they are. They are right of course. The question is should anyone be playing that game.
@sallysilviosilver , says: December 29, 2019 at 3:08 pm GMTZionism is a political ideology, not an economic system.
@annamariasilviosilver , says: December 29, 2019 at 3:16 pm GMTThere is no hope for the moral recovery of your Holobiz Museums and "eternal victimhood" memes.
Well, I'm not one of (((them))), so I actually hope you're proven right about this.
@Mr. Anoneah , says: December 30, 2019 at 12:53 am GMTSinger's fund provides nothing of value. They're just parasites.
We were talking about the nature of bonds. The fact bond/debt can be bought and sold does provide value – it makes it more likely that the credit which business need to expand and to hire workers will be provided, and provided at a lower interest rate. So the existence of the Singers of the world, troubling as it might be to you or me (in my case, given what he does with his money), is best regarded as providing indirect value – in the sense that they make our credit system possible.
@silviosilver thin air, then loaned out at interest and/or against real assets as collateral, and/or perhaps traded by 'vultures' -- or the part of the "credit system" that burdens millions of young adults with debt in the form of student loans, which ultimately is also money created out of nothing and loaned to them.Hibernian , says: December 30, 2019 at 3:28 am GMTWithin a few years, interest on the national debt will be the second largest federal expenditure, i.e. even greater than defense spending -- always left unexplained is why the US, a sovereign entity with the authority to issue currency, has to borrow money to run a deficit.
Yes, what a great "credit system".
@eaheah , says: December 30, 2019 at 9:53 am GMTFractional reserve banking (unstable and exploitative) and assignment of debt to assignees/purchasers (provided the borrower has agreed to a covenant allowing this) are two separate issues. It is possible to have either one without the other. The idea that you're released from your debt if your lender dies or moves to a far off city or gets worn out trying to collect or whatever is a notion worthy of a junior high school juvenile delinquent. Also if national sovereignty means the right to welsh on debts, then no one in his right mind will lend to a sovereign nation and then they cannot get credit.
@Hiberniansilviosilver , says: December 30, 2019 at 12:41 pm GMT(of course this will have consequences too; living beyond one's means indefinitely always does eventually).
Student loan debt is massively detrimental to affordable family formation -- I also see it as immoral to burden young people in this way.
Multi-generational national indebtedness is profoundly immoral -- it's a disgrace that there is little to no recognition of this, or outrage about what is going on.
@eah edit system" that burdens millions of young adults with debt in the form of student loans, which ultimately is also money created out of nothing and loaned to them.That's much more a consequence of the prevailing American attitude towards higher education – that individuals should pay for it rather than the state – than it is the monetary system.
If fractional reserve banking is nothing more than "creating money out of nothing," then don't you ever ask yourself how it is that a bank could find itself in financial trouble? Why doesn't it just create some more money out of thin air and put itself back in the black?
Hibernian , says: December 30, 2019 at 12:58 pm GMT
@eah ts, although for individuals some are protected, or a repayment plan (for individuals) or a reorganization plan (for corporations.) It requires the payment of often large legal fees. It's not equivalent to walking away (although sometimes it looks like close to the same thing) or having the debt forgiven based on political pressure, and it doesn't have anything to do with whether any of the creditors are assignees who bought the paper, or not.Hibernian , says: December 30, 2019 at 1:09 pm GMTPrinting press finance just means that government, instead of private interests, defrauds the people. Edison was a great inventor but hardly a sophisticated economic and /or political thinker.
@eah out better than others. If paying $0.10 on the dollar automatically made you rich, the world would have a lot more billionaires than it does now. The rate would quickly be bid up to $0.95 on the dollar in no time flat. Also, legal fees and other collection costs (towing away or storing ships, etc.) need to be taken into account.Hibernian , says: December 30, 2019 at 1:21 pm GMTI suspect that Mr. Singer may use his political influence to get the US, and likely some other governments, to aid in the collections. That is an issue in itself. That is where the ethical issue lies. As another poster mentioned, the way he uses his money (his idea of the good of society) is also an issue.
@silviosilvereah , says: December 30, 2019 at 2:08 pm GMTThe answer to your last sentence is that the government places limits through reserve requirements. If this were not so a run on the bank could end the charade. Sometimes these runs still happen and the FDIC steps in. Unlike the government, the bank has to redeem its paper (checks and passbooks) on demand. The government has not done this for private parties since 1933, or for foreign governments since 1971. It can and does tell you to just continue circulating the paper, which creditors are required to accept, no matter how watered down it is.
@Hibernian it has full authority to do, instead of selling debt , taxpayers, including future generations of taxpayers, are nor burdened with interest payments, nor with repayment of principal .eah , says: December 30, 2019 at 2:21 pm GMTEdison was a great inventor but hardly a sophisticated economic and /or political thinker.
Sure bud, whatever you say -- the essential question here is, was he correct in his statement re debt issuance and who benefits from it, also its disadvantages, vs dollar issuance? -- the answer is yes, he clearly was: it makes no sense for a government to sell debt when it can just spend money .
@silviosilver uch more a consequence of the prevailing American attitude towards higher education – that individuals should pay for it rather than the state – than it is the monetary system.Hibernian , says: December 30, 2019 at 5:39 pm GMTSure, right -- BOOM!, suddenly the "the prevailing American attitude towards higher education", also young people, just changed, and within a generation or so, it was decided to exploit the hell out of them and burden them with huge amounts of debt .
"LOL" -- you are naive.
Regardless of the etiology, student debt is immoral and something must be done about it.
Ginger Bread Man , says: December 30, 2019 at 7:56 pm GMTBankruptcy law, like other laws, limits the discretion of judges. Sure, in practice, this is aspirational. As is the notion that some judges deviations from the law are motivated by fairness.
"LOL" -- yeah, "what's the difference?" -- at least in the case of a government spending money into existence, which it has full authority to do, instead of selling debt, taxpayers, including future generations of taxpayers, are nor burdened with interest payments, nor with repayment of principal.
A super iconoclast vis a vis businessmen, especially if they're Jewish, but a true believer that Government is the same thing as The People, or at least represents them perfectly or almost perfectly.
it makes no sense for a government to sell debt when it can just spend money.
And it makes no sense to work, save, be frugal, borrow only as necessary, and pay back what you borrow, when you can write bad checks oh wait Government is Divinely Anointed! It is of the People, by the People, and for the People!
Which one of us is being obtuse? I'll leave it as an exercise for the student.
So, can anyone tell my why Jewish people would want to fund homosexual causes? What benefit does it give them? I'm just beginning to understand the mass migration thing, but still neither of these seem explicitly Jewish. Doesn't the Torah ban homosexuality? Just wondering
Barb Weir , says: December 31, 2019 at 1:52 am GMT
@HammerJack flak," said Standiford.Barb Weir , says: December 31, 2019 at 1:58 am GMTCarnegie was born in 1836 in Dunfermline, Fife. His father was a handloom weaver and an active Chartist who marched for the rights of the working man. So when Andrew went to sleep every night knowing he had starved, beaten and killed his factory workers, he spent his $$$$ trying to assuage his conscience.
Andrew is not a hero, hero's don't kill their employees by starvation and shooting!Despicable man, trying to pave his way to Heaven.
Similar to Mr. Bloomberg who states that his path to heaven is assured by his good works.
Gag me with a Gomulka please.
@Anon " said Standiford.Ginger bread man , says: December 31, 2019 at 2:57 am GMTCarnegie was born in 1836 in Dunfermline, Fife. His father was a handloom weaver and an active Chartist who marched for the rights of the working man. So when Andrew went to sleep every night knowing he had starved, beaten and killed his factory workers, he spent his $$$$ trying to assuage his conscience.
Andrew is not a hero, hero's don't kill their employees by starvation and shooting!Despicable man, trying to pave his way to Heaven.
Similar to Mr. Bloomberg who states that his path to heaven is assured by his good works.
Gag me with a Gomulka please.
@geokat62geokat62 , says: December 31, 2019 at 4:44 am GMTInteresting, where does it mention homosexuality?
@Ginger bread maneah , says: December 31, 2019 at 6:43 pm GMTThis was the Frankfurt School's great insight. The best way to undermine a sense of nationalism is to divide the people through the promotion of identity politics, including LGBTQ.
Some of what Paul Singer does with his money: create front organizations to recruit Christians in the effort to make the Middle East safe for Israel, and the world safe for Jews:
This guy is competing for world's top butt goy. Unfortunately there is a lot of competition. The author, Robert Nicholson, is President of Philos Project, a pro-Zionist "Christian" organization that is funded by Paul Singer.
The above tweet refers to this piece in the NY Post by Robert Nicholson, director of the 'Philos Project':
American Christians should lead the fight against anti-Semitism
An interesting blog post from a few years ago (2015) re the sudden appearance of the 'Philos Project' -- even today it is difficult to find info (eg financial) on this organization:
The Jewish Billionaire Behind A New Christian Anti-Iran Group
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Amerimutt Golems says: December 19, 2019 at 1:04 pm GMT 200 Words @Lot
The article bounces back and forth between two completely different fields: private equity and distressed debt funds. The latter is completely defensible. A lot of bondholders, probably the majority, cannot hold distressed or defaulted debt. Insurance companies often can't by law. Bond mutual funds set out in their prospectuses they don't invest in anything rated lower than A, AA, or whatever. Even those allowed to hold distressed debt don't want the extra costs involved with doing so, such as carefully following bankruptcy proceedings and dealing with delayed and irregular payments.
The author is not a finance expert but he correctly spotlights flaws of so-called 'predatory capitalism' which is disproportionately Jewish.
Private equity is rife with vices like asset-stripping and looting e.g Eddie Lampert ('Jewishness' member) plus El Trumpo appointee Steven Mnuchin at Sears.
Vulture funds often load all sorts of costs, even frivolous ones, and extra interest charges on the original debt to maximize profit.
Some countries have the Duplum rule which limits the amount you are liable to a creditor when you default on a debt.
Sears accuses Eddie Lampert of looting the company
https://nypost.com/2019/04/18/sears-accuses-eddie-lampert-of-looting-the-company/
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Robjil , says: December 19, 2019 at 6:56 pm GMT
@Robjil ssociates, was overwhelmingly effective. Before a crucial shareholder vote on the Lee's planned merger, Samsung Securities CEO Yoon Yong-am said:"We should score a victory by a big margin in the first battle, in order to take the upper hand in a looming war against Elliott, and keep other speculative hedge funds from taking short-term gains in the domestic market."
When the vote finally took place a few days ago, a conclusive 69.5% of Samsung shareholders voted in favor of the Lee proposal, leaving Elliott licking its wounds and complaining about the "patriotic marketing" of those behind the merger.
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secondElijah , says: Website December 19, 2019 at 1:10 pm GMT
@J Adelman perpetual victim .everyone hates me without a reason. My sin is greater than I can bear (Cain) everyone who comes across me will kill me. I spend my time wandering the earth (boo ho). And despite slaying your brother you are accorded divine protection.J.W. , says: December 19, 2019 at 1:39 pm GMTJesus said (paraphrasing here) that if the unclean spirit is cast out of a man and is not replaced with something wholesome he takes "seven other spirits" into himself and becomes totally insane. You did this to yourself and you will realize that your problem is no longer with man but with God himself. Jacob the deceiver has wrestled all his life against his fellow man and triumphed but now he will confront God himself. Get ready to meet your Maker and see how far your excuses will get you with the Almighty.
@J Adelman nder. Jewish business behavior has a retarding effect on societies. It's prominent, large, rapacious and extremely selfish.Hapalong Cassidy , says: December 19, 2019 at 1:44 pm GMTAs long as Jews made their money then fuck everybody else.
Yes, it's unfair when innocent Jews suffer. When the actions of other members of it's DNA choose schemes and dishonorable ways to make money it's going to happen.
Stop acting like innocent victims all the time. This narcissistic stance might explain why Jews are hated seemingly everywhere. Relationships with narcissists are no fun and the means necessary to break free are often hurtful and unfortunate for everyone involved.
BannedHipster , says: Website December 19, 2019 at 2:21 pm GMTNo mention of Mitt Romney's vulture fund Bain Capital? The one that destroyed Toys R Us, among others?
Realist , says: December 19, 2019 at 2:22 pm GMTIt's a simple ingroup/outgroup distinction.
Jews see themselves as the ingroup, and the "goyim" as the outgroup. Since Whites are the "outgroup" it's not just acceptable, but praiseworthy, to exploit them. To "beat" them at war.
The problem is that Whites wrongly do not see Jews as an outgroup – something that Jews themselves take great pains to discourage via their various front groups like the ADL.
There is no "technical" fix, there is no objective "system" that can change this dynamic. There is no "level playing field."
Whites need to ostracize Jews at all levels. Boycott, Divest and Sanction – not just their apartheid regime of Jew bigotry in Zionist-occupied Palestine, but at every level of society, business, civil institutions, etc.
@GhaliBannedHipster , says: Website December 19, 2019 at 2:31 pm GMTJews are destroying the world. Everywhere they go, they leave behind nations in ruins. Look at Europe, Africa and the Americas, Jews have left their ugly footprints. Corruption, prostitution, drugs and human trafficking are their trade.
Greed from all races is the problem.
@Just passing through obs time and time again throughout their history, to the point bishops and priests would harbor Jews in the cathedrals and lock the doors before the peasants could arrest them.Really No Shit , says: December 19, 2019 at 2:35 pm GMTIndeed, the infighting among Whites promoted by the likes of Jones is yet again another assist from Catholic powers to their partners, the Jews.
The popular "neo-reactionary/NRx" movement, started by the Ashkenazi Curtis Yarvin, is yet another "right-wing" fad that blames Calvinists for all the problems in the world. Jews are blameless, yet again another White ethnicity/religion is at fault.
No wonder Jews get away with what they do. Whites are too busy infighting over false history demonizing various rival cults.
Arnieus , says: December 19, 2019 at 2:37 pm GMTSo, the "vultures" flew out to the West after devouring the Russian empire and now with the help of the likes of the homeboy or more like a two bit whore, Ben Sasse, they've descended on America and have started gutting it out.
Where will they fly next? White Christians don't want them and black/brown Muslims can't stand them but perhaps China is their next destination being that they have shipped most of the jobs out there and the whole lot of them are marrying "Chinese-American" women in droves for good measure.
In the coming battle of the titans, the one who's name can't be pronounced, viz. Yahweh, hopefully has better guns than Jehovah and Allah, for it sure is gonna need it when the latter two gang up on it maybe Buddha will give it a helping hand being that they're practically in-laws now!
Just passing through , says: December 19, 2019 at 2:48 pm GMTDon't think the US will fair better than Puerto Rico when the fake money dries up and there is no way to keep paying the trillions in debt.
@Father O'Hara ians and Chinese (South Asians) are the richest in both countries (except for Jews of course).Satan Became President , says: December 19, 2019 at 3:03 pm GMTWhat I have found is that these two groups come from a debt-averse culture, their kids actually live with their parents until they have saved enough money for a house and other such things required to start a family.
Whites meanwhile are WAY to trusting of these faceless financial institutions, they get into debt very easily and thus become slaves, if you have kids, the first thing you should educate them about is finance and debt, don't throw them out to the dogs either, it's tragic to see some getting into debt and then having other problems like drugs and alcohol addictions.
Mulegino1 , says: December 19, 2019 at 3:14 pm GMTWow what a confused mess. Here's a summary: Vulture capitalism is bad for no particular reason but only an evil anti-Semite (like you) would dare criticize capitalism.
Happy Tapir , says: December 19, 2019 at 3:18 pm GMTI think the term "vulture capitalism" is calumnious to vultures, who, as carrion birds, perform a useful and purifying function in nature.
The Jews as a collective, i.e., the Jews who identify as such, concur in the death sentence of Christ handed down by their Sanhedrin and espouse the Talmudic mitzvah of killing the best of the gentiles (which naturally implies elevating the worst of the gentiles to power and prominence) are more to be likened to plague bearing rodents. Unlike vultures, rats feast on corruption and putrescence, spread disease and also kill the living.
We embrace the finance capitalist worldview at our peril. In its essence, it is nothing but the worship of money making and profiteering as the supreme aspiration of life, irregardless of its horrible effects on our compatriots and fellow humans. In doing so, we become Jews at heart.
There is nothing wrong with industry and the profit motive per se. Predatory finance contributes nothing to the well being of a nation and the needs of the physical economy- it is supremely toxic and corrosive of both. It must be expunged and its champions expropriated and exiled. People like the odious Peter Singer have no place in a moral world; they ought to be first expropriated, then exiled as far away from their host societies as possible.
Bookish1 , says: December 19, 2019 at 3:19 pm GMTI was personally wounded by the anti gay rhetoric peppered across this article. I can't help making the association that Paul singer's son came out as gay and that this must be the source of the author's animus against him and the others. Shakespeare, who was also homosexual, described this state of mind as "a green eyed monster," i.e. jealousy. I'm mortified that other members of the commentariat have not taken issue with this. Maybe we would be more compassionate to the denizens of middle America if they allowed our most basic civil rights.
@J AdelmanJimmy1969 , says: December 19, 2019 at 3:23 pm GMTOh those kind jews have always been for the working class? But there is a white working class and jews want them extinct from the face of the earth. Read 'Abolishing whiteness has never been more urgent.' By Mark Levine
@Arnieusjack daniels , says: December 19, 2019 at 3:25 pm GMTChina will then try to take us and Israel will make a deal with the winner.
@silviosilver ors to default was CAUSED BY the big Wall Street firms' irresponsible behavior.Desert Fox , says: December 19, 2019 at 3:39 pm GMTAlso, most people do tend to temper economic contracts with a degree of compassion. Gentile capitalism does not exist in a vacuum.
I recall reading about a young female environmentalist who was refusing to leave a venerable redwood tree that was scheduled to be cut down. The WASP businessman who owned the tree was extremely patient with the girl, tried to win her over, threw her food and drinks, and so on. The land with the tree was then sold to some Jewish firm. At that point the article left off. The tree was cut down with no further negotiation.
The greatest jewish vulture fund is the zionist privately owned feral reserve aka the FED , is creates money out of thin air and feeds this money to the otherwise bankrupt zionist banks and not just here in the ZUS but in Europe, and the BIS is the vulture fund of vulture funds owned by the zionists, the biggest scam in the history of the world.
By the way, Tucker Carlson said that 911 truthers were nuts, that says it all about him.
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Rebel0007 , says: December 19, 2019 at 4:19 pm GMT
Anon [491] Disclaimer , says: December 19, 2019 at 11:43 am GMTVulture corporatism = U.S. corporations consuming consumers.
@Colin Wright usual with Joyce (and not only Joyce of course). You take something that is human, talk of Jews, point to that something in Jews, and pretend, trusting that your readers will pretend the same, that it's a Jewish-specific something.Richard B , says: December 19, 2019 at 4:34 pm GMT
Because if you were to say: everyone does this, everywhere, but when Jews do it it's just on a larger scale, then you'd be shining light on the fact that what changes with Jews is just skills, and that they are intelligent enough to co-operate more than the others.
Like when Mac Donald speaks of Jewish self-deception.
I feel I am swimming in self-deception everytime I talk with people (more so with women), and they aren't Jewish. Do people do anything, but self-deceive?
So?@AnonJust passing through , says: December 19, 2019 at 4:38 pm GMTBravo!
Hands down one of the best comments on Jewish Supremacy Inc.'s psychopathy, lack of accountablity and corresponding projection.
Of course, you thought you were doing something else.
@Really No ShitRealist , says: December 19, 2019 at 4:41 pm GMTJews are doing to White countries what Whites and Jews did to India, no honour amongst thieves, the ones with the higher verbal IQ wins.
Also it is important to note that the reason India came under the sway of Anglo-Zionist banking cartels so easily was because how divided it was, I reckon that is why they are promoting mass immigration. Import lots of different groups, then run lots of race-baiting stories to distract the plebs from their financial machinations.
This is why Jews are well represented in non-antisemitic White Nationalist organisations like Jared Taylor's AmRen, they are great at playing both sides.
@AdrianJust passing through , says: December 19, 2019 at 4:44 pm GMTAnd he funded the building of the Peace Palace ("Vredespaleis") in The Hague, presently the seat of the International Court of Justice, an institution not held in high esteem in the home country of the generous donor.
That wasn't his intent.
@Wally 't really engage in lofty ambitons to dominate the world and as such are intact at the moment and seem like they will remain that way for a long time, they are the true conservatives, WASPs have always had a Jewish streak within their corrupt souls and are now paying the price for engaging with a criminal race.aandrews , says: December 19, 2019 at 5:07 pm GMTWhy do you think Epstein has all these Gentiles in his pocket? You think do-gooding gentiles just randomly decided to get into bed with Epstein and Co.? How many East Asians and Eastern Euros do you see terrified of being outed as paedophiles.
Don't deceive yourselves, all debts are paid in the end, especially when the creditors are Jews.
DaveE , says: December 19, 2019 at 5:08 pm GMT" it is truly remarkable that vulture funds like Singer's escaped major media attention prior to this ."
Not really. The Jew's grip is starting to slip now, though. More and more people are becoming aware that they are virulent parasites and always have been.
@Mulegino1 l capitalism is the competition of ideas, innovation, efficient manufacturing and quality products made and produced by honest companies. That competition can, in theory at least, make people (and companies) "try harder". But only when a company's success is determined by the strength of its products, not by the "deals" it cuts with Jewish financial, advertising, "marketing" and swindling rackets, designed to line the pockets of the Jew while destroying honest competition by Gentiles who struggle to play fair and innovate.Jewish vulture "capitalism" contributes NOTHING of value to any company or any culture. It never has and never will.
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HammerJack , says: December 19, 2019 at 7:30 am GMT
@Colin Wright sity, and over 2500 Free Libraries from coast to coast, in a time when very little was done to help what we now call the "underprivileged".Just passing through , says: December 19, 2019 at 8:56 am GMTIn fact, he gave away 90% of his massive fortune–about $75 Billion in current dollars. Funding, in the process, many charities, hospitals, museums, foundations and institutions of learning. He was a major benefactor of negro education.
He was a staunch anti-imperialist who believed America should concentrate its energies on peaceful endeavors rather than conquering and subduing far-off lands.
Although they are even more keen to put their names on things, today's robber barons leave behind mainly wreckage.
@anon who were true conservatives in that all they wished was prosperity for their people in their own lands without any aggressive foreign policy moves.Adrian , says: December 19, 2019 at 11:35 am GMTBasically, WASPs thought that they could win in the end, but they were out Jew'd and now they are crying.
The one difference you will notice is that certain subsections of WASPs, notable the British, actually did build infrastructure in the countries they looted, this to me was borne out of a sense of guilt, so to be fair, WASPs were not as parasitic and ruthless as Jews.
But in the end, the more ruthless wins. To quote the Joker
You get what you fucking deserve
@HammerJackAndrew Carnegie left behind institutions like Carnegie Hall, Carnegie-Mellon University, and over 2500 Free Libraries from coast to coast, in a time when very little was done to help what we now call the "underprivileged".
And he funded the building of the Peace Palace ("Vredespaleis") in The Hague, presently the seat of the International Court of Justice, an institution not held in high esteem in the home country of the generous donor.
https://www.youtube.com/embed/gqF-NcRXdEs?feature=oembed
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"If man will strike, strike through the mask!"
Ahab, Moby Dick
It was very gratifying to see Tucker Carlson's recent attack on the activities of Paul Singer's vulture fund, Elliot Associates, a group I first profiled four years ago. In many respects, it is truly remarkable that vulture funds like Singer's escaped major media attention prior to this, especially when one considers how extraordinarily harmful and exploitative they are. Many countries are now in very significant debt to groups like Elliot Associates and, as Tucker's segment very starkly illustrated, their reach has now extended into the very heart of small-town America. Shining a spotlight on the spread of this virus is definitely welcome. I strongly believe, however, that the problem presented by these cabals of exploitative financiers will only be solved if their true nature is fully discerned. Thus far, the descriptive terminology employed in discussing their activities has revolved only around the scavenging and parasitic nature of their activities. Elliot Associates have therefore been described as a quintessential example of a "vulture fund" practicing "vulture capitalism." But these funds aren't run by carrion birds. They are operated almost exclusively by Jews. In the following essay, I want us to examine the largest and most influential "vulture funds," to assess their leadership, ethos, financial practices, and how they disseminate their dubiously acquired wealth. I want us to set aside colorful metaphors. I want us to strike through the mask.
https://www.youtube.com/embed/IdwH066g5lQ?feature=oembed
Who Are The Vultures?
It is commonly agreed that the most significant global vulture funds are Elliot Management, Cerberus, FG Hemisphere, Autonomy Capital, Baupost Group, Canyon Capital Advisors, Monarch Alternative Capital, GoldenTree Asset Management, Aurelius Capital Management, OakTree Capital, Fundamental Advisors, and Tilden Park Investment Master Fund LP. The names of these groups are very interesting, being either blankly nondescript or evoking vague inklings of Anglo-Saxon or rural/pastoral origins (note the prevalence of oak, trees, parks, canyons, monarchs, or the use of names like Aurelius and Elliot). This is the same tactic employed by the Jew Jordan Belfort, the "Wolf of Wall Street," who operated multiple major frauds under the business name Stratton Oakmont.
These names are masks. They are designed to cultivate trust and obscure the real background of the various groupings of financiers. None of these groups have Anglo-Saxon or venerable origins. None are based in rural idylls. All of the vulture funds named above were founded by, and continue to be operated by, ethnocentric, globalist, urban-dwelling Jews. A quick review of each of their websites reveals their founders and central figures to be:
Elliot Management -- Paul Singer, Zion Shohet, Jesse Cohn, Stephen Taub, Elliot Greenberg and Richard Zabel Cerberus -- Stephen Feinberg, Lee Millstein, Jeffrey Lomasky, Seth Plattus, Joshua Weintraub, Daniel Wolf, David Teitelbaum FG Hemisphere -- Peter Grossman Autonomy Capital -- Derek Goodman Baupost Group -- Seth Klarman, Jordan Baruch, Isaac Auerbach Canyon Capital Advisors -- Joshua Friedman, Mitchell Julis Monarch Alternative Capital -- Andrew Herenstein, Michael Weinstock GoldenTree Asset Management -- Steven Tananbaum, Steven Shapiro Aurelius Capital Management -- Mark Brodsky, Samuel Rubin, Eleazer Klein, Jason Kaplan OakTree Capital -- Howard Marks, Bruce Karsh, Jay Wintrob, John Frank, Sheldon Stone Fundamental Advisors -- Laurence Gottlieb, Jonathan Stern Tilden Park Investment Master Fund LP -- Josh Birnbaum, Sam AlcoffThe fact that all of these vulture funds, widely acknowledged as the most influential and predatory, are owned and operated by Jews is remarkable in itself, especially in a contemporary context in which we are constantly bombarded with the suggestion that Jews don't have a special relationship with money or usury, and that any such idea is an example of ignorant prejudice. Equally remarkable, however, is the fact that Jewish representation saturates the board level of these companies also, suggesting that their beginnings and methods of internal promotion and operation rely heavily on ethnic-communal origins, and religious and social cohesion more generally. As such, these Jewish funds provide an excellent opportunity to examine their financial and political activities as expressions of Jewishness, and can thus be placed in the broader framework of the Jewish group evolutionary strategy and the long historical trajectory of Jewish-European relations.
How They Feed
In May 2018, Puerto Rico declared a form of municipal bankruptcy after falling into more than $74.8 billion in debt, of which more than $34 billion is interest and fees. The debt was owed to all of the Jewish capitalists named above, with the exception of Stephen Feinberg's Cerberus group. In order to commence payments, the government had instituted a policy of fiscal austerity, closing schools and raising utility bills, but when Hurricane Maria hit the island in September 2017, Puerto Rico was forced to stop transfers to their Jewish creditors. This provoked an aggressive attempt by the Jewish funds to seize assets from an island suffering from an 80% power outage, with the addition of further interest and fees. Protests broke out in several US cities calling for the debt to be forgiven. After a quick stop in Puerto Rico in late 2018, Donald Trump pandered to this sentiment when he told Fox News, "They owe a lot of money to your friends on Wall Street, and we're going to have to wipe that out." But Trump's statement, like all of Trump's statements, had no substance. The following day, the director of the White House budget office, Mick Mulvaney, told reporters: "I think what you heard the president say is that Puerto Rico is going to have to figure out a way to solve its debt problem." In other words, Puerto Rico is going to have to figure out a way to pay its Jews.
Trump's reversal is hardly surprising, given that the President is considered extremely friendly to Jewish financial power. When he referred to "your friends on Wall Street" he really meant his friends on Wall Street. One of his closest allies is Stephen Feinberg, founder and CEO of Cerberus, a war-profiteering vulture fund that has now accumulated more than $1.5 billion in Irish debt , leaving the country prone to a " wave of home repossessions " on a scale not seen since the Jewish mortgage traders behind Quicken Loans (Daniel Gilbert) and Ameriquest (Roland Arnall) made thousands of Americans homeless . Feinberg has also been associated with mass evictions in Spain, causing a collective of Barcelona anarchists to label him a "Jewish mega parasite" in charge of the "world's vilest vulture fund." In May 2018, Trump made Feinberg chair of his Intelligence Advisory Board , and one of the reasons for Trump's sluggish retreat from Afghanistan has been the fact Feinberg's DynCorp has enjoyed years of lucrative government defense contracts training Afghan police and providing ancillary services to the military.
But Trump's association with Jewish vultures goes far beyond Feinberg. A recent piece in the New York Post declared "Orthodox Jews are opening up their wallets for Trump in 2020." This is a predictable outcome of the period 2016 to 2020, an era that could be neatly characterised as How Jews learned to stop worrying and love the Don. Jewish financiers are opening their wallets for Trump because it is now clear he utterly failed to fulfil promises on mass immigration to White America, while pledging his commitment to Zionism and to socially destructive Jewish side projects like the promotion of homosexuality. These actions, coupled with his commuting of Hasidic meatpacking boss Sholom Rubashkin 's 27-year-sentence for bank fraud and money laundering in 2017, have sent a message to Jewish finance that Trump is someone they can do business with. Since these globalist exploiters are essentially politically amorphous, knowing no loyalty but that to their own tribe and its interests, there is significant drift of Jewish mega-money between the Democratic and Republican parties. The New York Post reports, for example, that when Trump attended a $25,000-per-couple luncheon in November at a Midtown hotel, where 400 moneyed Jews raised at least $4 million for the America First [!] SuperPAC, the luncheon organiser Kelly Sadler, told reporters, "We screened all of the people in attendance, and we were surprised to see how many have given before to Democrats, but never a Republican. People were standing up on their chairs chanting eight more years." The reality, of course, is that these people are not Democrats or Republicans, but Jews, willing to push their money in whatever direction the wind of Jewish interests is blowing.
The collapse of Puerto Rico under Jewish debt and elite courting of Jewish financial predators is certainly nothing new. Congo , Zambia , Liberia , Argentina , Peru , Panama , Ecuador , Vietnam , Poland , and Ireland are just some of the countries that have slipped fatefully into the hands of the Jews listed above, and these same people are now closely watching Greece and India . The methodology used to acquire such leverage is as simple as it is ruthless. On its most basic level, "vulture capitalism" is really just a combination of the continued intense relationship between Jews and usury and Jewish involvement in medieval tax farming. On the older practice, Salo Baron writes in Economic History of the Jews that Jewish speculators would pay a lump sum to the treasury before mercilessly turning on the peasantry to obtain "considerable surpluses if need be, by ruthless methods." [1] The activities of the Jewish vulture funds are essentially the same speculation in debt, except here the trade in usury is carried out on a global scale with the feudal peasants of old now replaced with entire nations. Wealthy Jews pool resources, purchase debts, add astronomical fees and interests, and when the inevitable default occurs they engage in aggressive legal activity to seize assets, bringing waves of jobs losses and home repossessions.
This type of predation is so pernicious and morally perverse that both the Belgian and UK governments have taken steps to ban these Jewish firms from using their court systems to sue for distressed debt owed by poor nations. Tucker Carlson, commenting on Paul Singer's predation and the ruin of the town of Sidney, Nebraska, has said:
It couldn't be uglier or more destructive. So why is it still allowed in the United States? The short answer: Because people like Paul Singer have tremendous influence over our political process. Singer himself was the second largest donor to the Republican Party in 2016. He's given millions to a super-PAC that supports Republican senators. You may never have heard of Paul Singer -- which tells you a lot in itself -- but in Washington, he's rock-star famous. And that is why he is almost certainly paying a lower effective tax rate than your average fireman, just in case you were still wondering if our system is rigged. Oh yeah, it is.
Aside from direct political donations, these Jewish financiers also escape scrutiny by hiding behind a mask of simplistic anti-socialist rhetoric that is common in the American Right, especially the older, Christian, and pro-Zionist demographic. Rod Dreher, in a commentary on Carlson's piece at the American Conservative , points out that Singer gave a speech in May 2019 attacking the "rising threat of socialism within the Democratic Party." Singer continued, "They call it socialism, but it is more accurately described as left-wing statism lubricated by showers of free stuff promised by politicians who believe that money comes from a printing press rather than the productive efforts of businesspeople and workers." Dreher comments: "The productive efforts of businesspeople and workers"? The gall of that man, after what he did to the people of Sidney."
What Singer and the other Jewish vultures engage in is not productive, and isn't even any recognisable form of work or business. It is greed-motivated parasitism carried out on a perversely extravagant and highly nepotistic scale. In truth, it is Singer and his co-ethnics who believe that money can be printed on the backs of productive workers, and who ultimately believe they have a right to be "showered by free stuff promised by politicians." Singer places himself in an infantile paradigm meant to entertain the goyim, that of Free Enterprise vs Socialism, but, as Carlson points out, "this is not the free enterprise that we all learned about." That's because it's Jewish enterprise -- exploitative, inorganic, and attached to socio-political goals that have nothing to do with individual freedom and private property. This might not be the free enterprise Carlson learned about, but it's clearly the free enterprise Jews learn about -- as illustrated in their extraordinary over-representation in all forms of financial exploitation and white collar crime. The Talmud, whether actively studied or culturally absorbed, is their code of ethics and their curriculum in regards to fraud, fraudulent bankruptcy, embezzlement, usury, and financial exploitation. Vulture capitalism is Jewish capitalism.
Whom They Feed
Singer's duplicity is a perfect example of the way in which Jewish finance postures as conservative while conserving nothing. Indeed, Jewish capitalism may be regarded as the root cause of the rise of Conservative Inc., a form or shadow of right wing politics reduced solely to fiscal concerns that are ultimately, in themselves, harmful to the interests of the majority of those who stupidly support them. The spirit of Jewish capitalism, ultimately, can be discerned not in insincere bleating about socialism and business, intended merely to entertain semi-educated Zio-patriots, but in the manner in which the Jewish vulture funds disseminate the proceeds of their parasitism. Real vultures are weak, so will gorge at a carcass and regurgitate food to feed their young. So then, who sits in the nests of the vulture funds, awaiting the regurgitated remains of troubled nations?
Boston-based Seth Klarman (net worth $1.5 billion), who like Paul Singer has declared "free enterprise has been good for me," is a rapacious debt exploiter who was integral to the financial collapse of Puerto Rico, where he hid much of activities behind a series of shell companies. Investigative journalists eventually discovered that Klarman's Baupost group was behind much of the aggressive legal action intended to squeeze the decimated island for bond payments. It's clear that the Jews involved in these companies are very much aware that what they are doing is wrong, and they are careful to avoid too much reputational damage, whether to themselves individually or to their ethnic group. Puerto Rican journalists, investigating the debt trail to Klarman, recall trying to follow one of the shell companies (Decagon) to Baupost via a shell company lawyer (and yet another Jew) named Jeffrey Katz:
Returning to the Ropes & Gray thread, we identified several attorneys who had worked with the Baupost Group, and one, Jeffrey Katz, who -- in addition to having worked directly with Baupost -- seemed to describe a particularly close and longstanding relationship with a firm fitting Baupost's profile on his experience page. I called Katz and he picked up, to my surprise. I identified myself, as well as my affiliation with the Public Accountability Initiative, and asked if he was the right person to talk to about Decagon Holdings and Baupost. He paused, started to respond, and then evidently thought better of it and said that he was actually in a meeting, and that I would need to call back (apparently, this high-powered lawyer picks up calls from strange numbers when he is in important meetings). As he was telling me to call back, I asked him again if he was the right person to talk to about Decagon, and that I wouldn't call back if he wasn't, and he seemed to get even more flustered. At that point he started talking too much, about how he was a lawyer and has clients, how I must think I'm onto some kind of big scoop, and how there was a person standing right in front of him -- literally, standing right in front of him -- while I rudely insisted on keeping him on the line.
One of the reasons for such secrecy is the intensive Jewish philanthropy engaged in by Klarman under his Klarman Family Foundation . While Puerto Rican schools are being closed, and pensions and health provisions slashed, Klarman is regurgitating the proceeds of massive debt speculation to his " areas of focus " which prominently includes " Supporting the global Jewish community and Israel ." While plundering the treasuries of the crippled nations of the goyim, Klarman and his co-ethnic associates have committed themselves to "improving the quality of life and access to opportunities for all Israeli citizens so that they may benefit from the country's prosperity." Among those in Klarman's nest, their beaks agape for Puerto Rican debt interest, are the American Jewish Committee, Boston's Combined Jewish Philanthropies, the Holocaust Memorial Museum, the Honeymoon Israel Foundation, Israel-America Academic Exchange, and the Israel Project. Klarman, like Singer, has also been an enthusiastic proponent of liberalising attitudes to homosexuality, donating $1 million to a Republican super PAC aimed at supporting pro-gay marriage GOP candidates in 2014 (Singer donated $1.75 million). Klarman, who also contributes to candidates who support immigration reform, including a path to citizenship for undocumented immigrants, has said "The right to gay marriage is the largest remaining civil rights issue of our time. I work one-on-one with individual Republicans to try to get them to realize they are being Neanderthals on this issue."
Steven Tananbaum's GoldenTree Asset Management has also fed well on Puerto Rico, owning $2.5 billion of the island's debt. The Centre for Economic and Policy Research has commented :
Steven Tananbaum, GoldenTree's chief investment officer, told a business conference in September (after Hurricane Irma, but before Hurricane Maria) that he continued to view Puerto Rican bonds as an attractive investment. GoldenTree is spearheading a group of COFINA bondholders that collectively holds about $3.3 billion in bonds. But with Puerto Rico facing an unprecedented humanitarian crisis, and lacking enough funds to even begin to pay back its massive debt load, these vulture funds are relying on their ability to convince politicians and the courts to make them whole. The COFINA bondholder group has spent $610,000 to lobby Congress over the last two years, while GoldenTree itself made $64,000 in political contributions to federal candidates in the 2016 cycle. For vulture funds like GoldenTree, the destruction of Puerto Rico is yet another opportunity for exorbitant profits.
Whom does Tananbaum feed with these profits? A brief glance at the spending of the Lisa and Steven Tananbaum Charitable Trust reveals a relatively short list of beneficiaries including United Jewish Appeal Foundation, American Friends of Israel Museum, Jewish Community Center, to be among the most generously funded, with sizeable donations also going to museums specialising in the display of degenerate and demoralising art.
Following the collapse in Irish asset values in 2008, Jewish vulture funds including OakTree Capital swooped on mortgagee debt to seize tens of thousands of Irish homes, shopping malls, and utilities (Steve Feinberg's Cerberus took control of public waste disposal). In 2011, Ireland emerged as a hotspot for distressed property assets, after its bad banks began selling loans that had once been held by struggling financial institutions. These loans were quickly purchased at knockdown prices by Jewish fund managers, who then aggressively sought the eviction of residents in order to sell them for a fast profit. Michael Byrne, a researcher at the School of Social Policy at University College Dublin, Ireland's largest university, comments : "The aggressive strategies used by vulture funds lead to human tragedies." One homeowner, Anna Flynn recalls how her mortgage fell into the hands of Mars Capital, an affiliate of Oaktree Capital, owned and operated by the Los Angeles-based Jews Howard Marks and Bruce Karsh. They were "very, very difficult to deal with," said Flynn, a mother of four. "All [Mars] wanted was for me to leave the house; they didn't want a solution [to ensure I could retain my home]."
When Bruce Karsh isn't making Irish people homeless, whom does he feed with his profits? A brief glance at the spending of the Karsh Family Foundation reveals millions of dollars of donations to the Jewish Federation, Jewish Community Center, and the United Jewish Fund.
Paul Singer, his son Gordin, and their Elliot Associates colleagues Zion Shohet, Jesse Cohn, Stephen Taub, Elliot Greenberg and Richard Zabel, have a foothold in almost every country, and have a stake in every company you're likely to be familiar with, from book stores to dollar stores. With the profits of exploitation, they fund campaigns for homosexuality and mass migration , boost Zionist politics, invest millions in security for Jews , and promote wars for Israel. Singer is a Republican, and is on the Board of the Republican Jewish Coalition. He is a former board member of the Jewish Institute for National Security Affairs, has funded neoconservative research groups like the Middle East Media Research Institute and the Center for Security Policy, and is among the largest funders of the neoconservative Foundation for Defense of Democracies. He was also connected to the pro-Iraq War advocacy group Freedom's Watch. Another key Singer project was the Foreign Policy Initiative (FPI), a Washington D.C.-based advocacy group that was founded in 2009 by several high-profile Jewish neoconservative figures to promote militaristic U.S. policies in the Middle East on behalf of Israel and which received its seed money from Singer.
Although Singer was initially anti-Trump, and although Trump once attacked Singer for his pro-immigration politics ("Paul Singer represents amnesty and he represents illegal immigration pouring into the country"), Trump is now essentially funded by three Jews -- Singer, Bernard Marcus, and Sheldon Adelson, together accounting for over $250 million in pro-Trump political money . In return, they want war with Iran. Employees of Elliott Management were one of the main sources of funding for the 2014 candidacy of the Senate's most outspoken Iran hawk, Sen. Tom Cotton (R-AR), who urged Trump to conduct a "retaliatory strike" against Iran for purportedly attacking two commercial tankers. These exploitative Jewish financiers have been clear that they expect a war with Iran, and they are lobbying hard and preparing to call in their pound of flesh. As one political commentator put it, "These donors have made their policy preferences on Iran plainly known. They surely expect a return on their investment in Trump's GOP."
The same pattern is witnessed again and again, illustrating the stark reality that the prosperity and influence of Zionist globalism rests to an overwhelming degree on the predations of the most successful and ruthless Jewish financial parasites. This is not conjecture, exaggeration, or hyperbole. This is simply a matter of striking through the mask, looking at the heads of the world's most predatory financial funds, and following the direction of regurgitated profits.
Make no mistake, these cabals are everywhere and growing. They could be ignored when they preyed on distant small nations, but their intention was always to come for you too. They are now on your doorstep. The working people of Sidney, Nebraska probably had no idea what a vulture fund was until their factories closed and their homes were taken. These funds will move onto the next town. And the next. And another after that. They won't be stopped through blunt support of "free enterprise," and they won't be stopped by simply calling them "vulture capitalists."
Strike through the mask!
Notes
[1] S. Baron (ed) Economic History of the Jews (New York, 1976), 46-7.
Colin Wright , says: Website December 19, 2019 at 2:33 am GMT
anon [631] Disclaimer , says: December 19, 2019 at 2:34 am GMT'It was very gratifying to see Tucker Carlson's recent attack on the activities of Paul Singer's vulture fund, Elliot Associates '
It'll be interesting to see -- or not see -- what happens to Carlson in consequence.
Will he be brought to see the error of his ways? Silenced? Allowed to continue to run amok?
It would actually be reassuring if it turned out he was genuinely able to get away with it but these days? Paul Singer? That's big game.
Don't go out there with a .22
Colin Wright , says: Website December 19, 2019 at 3:07 am GMTTo what extent is Jewish success a product of Jewish intellect and industry versus being a result of a willingness to use low, dirty, honorless and anti-social tactics which, while maybe not in violation of the word of the law, certainly violate its spirit? An application of "chutzpah" to business, if you will -- the gall to break social conventions to get what you want, while making other people feel uncomfortable; to wheedle your way in at the joints of social norms and conventions -- not illegal, but selfish and rude. Krav Maga applies the same concept to the martial arts: You're taught to go after the things that every other martial art forbids you to target: the eyes, the testicles, etc. In other sports this is considered "low" and "cheap." In Krav Maga, as perhaps a metaphor for Jewish behavior in general, nothing is too low because it's all about winning .
Colin Wright , says: Website December 19, 2019 at 3:21 am GMTOn a related subject
There's a rather good article on the New Yorker discussing the Sacklers and the Oxycontin epidemic. It focusses on the dichotomy between the family's ruthless promotion of the drug and their lavish philanthropy. 'Leave the world a better place for your presence' and similar pieties and Oxycontin.
The article lightly touches on the extent of their giving to Hebrew University of Jerusalem -- but in general, treads lightly when it comes to their Judaism.
understandably. The New Yorker isn't exactly alt-right country, after all. But can Joyce or anyone else provide a more exact breakdown on the Sacklers' giving? Are they genuine philanthropists, or is it mostly for the Cause?
@anonLot , says: December 19, 2019 at 3:36 am GMT'To what extent is Jewish success a product of Jewish intellect and industry versus being a result of a willingness to use low, dirty, honorless and anti-social tactics which, while maybe not in violation of the word of the law, certainly violate its spirit? '
It's important not to get carried away with this. Figures such as Andrew Carnegie, while impeccably gentile, were hardly paragons of scrupulous ethics and disinterested virtue.
Saguaro , says: December 19, 2019 at 3:37 am GMTI won't defend high finance because I don't like it either. But this is a retarded and highly uninformed attack on it.
1. The article bounces back and forth between two completely different fields: private equity and distressed debt funds. The latter is completely defensible. A lot of bondholders, probably the majority, cannot hold distressed or defaulted debt. Insurance companies often can't by law. Bond mutual funds set out in their prospectuses they don't invest in anything rated lower than A, AA, or whatever. Even those allowed to hold distressed debt don't want the extra costs involved with doing so, such as carefully following bankruptcy proceedings and dealing with delayed and irregular payments.
As a result, it is natural that normal investors sell off such debt at a discount to funds that specialize in it.
2. Joyce defends large borrowers that default on their debt. Maybe the laws protecting bankrupts and insolvents should be stronger. But you do that, and lenders become more conservative, investment declines, and worthy businesses can't get investments. I think myself the laws in the US are too favorable to lenders, but there's definitely a tradeoff, and the question is where the happy middle ground is. In Florida a creditor can't force the sale of a primary residence, even if it is worth $20 million. That's going too far in the other direction.
3. " either blankly nondescript or evoking vague inklings of Anglo-Saxon or rural/pastoral origins "
More retardation. Cerberus is a greek dog monster guarding the gates of hell. Aurelius is from the Latin word for gold. "Hemisphere" isn't an Anglosaxon word nor does in invoke rural origins.
Besides being retardedly wrong, the broader point is likewise retarded: when English-speaking Jews name their businesses they shouldn't use English words. Naming a company "Oaktree" should be limited to those of purely English blood! Jews must name their companies "Cosmopolitan Capital" or RosenMoses Chutzpah Advisors."
4. The final and most general point: it's trivially easy to attack particular excesses of capitalism. Fixing the excesses without creating bigger problem is the hard part. Two ideas I favor are usury laws and Tobin taxes.
Dutch Boy , says: December 19, 2019 at 5:09 am GMTVery true. What's really disgusting about Singer is that he funds startups in Israel. So as a Jewish American citizen he cares more for the well being of the average Israeli than Americans. There's nothing 'conservative' about these hedge fund Jews. I'm glad to be a Neanderthal according to Mr. Klarman's view. I happen to like Western Civilization and its inherent beauty especially when confronted against globalist Zionists who think nothing of the consequences of their behavior.
ANZ , says: December 19, 2019 at 5:26 am GMTJewishness aside, maximizing shareholder is the holy grail of all capitalist enterprises. The capitalist rush to abandon the American working class when tariff barriers evaporated is just another case of vulturism. Tax corporations based on the domestic content of their products and ban usury and vulturism will evaporate.
renfro , says: December 19, 2019 at 6:23 am GMTSomeone with the username kikz posted a link to this article in the occidental observer. I read it and thought it was a great article. I'm glad it's featured here.
The article goes straight for the jugular and pulls no punches. It hits hard. I like that:
1. It shines a light on the some of the scummiest of the scummiest Wall Street players.
2. It names names. From the actual vulture funds to the rollcall of Jewish actors running each. It's astounding how ethnically uniform it is.
3. It proves Trump's ties with the most successful Vulture kingpin, Singer.
4. It shows how money flows from the fund owners to Zionist and Jewish causes.This thing reads like a court indictment. It puts real world examples to many of the theories that are represents on this site. Excellent article.
Rebel0007 , says: December 19, 2019 at 6:39 am GMTTucker could have done a number on Trump friend Schwarzman too.Mark my words you're gonna have another melt down now that all the people who lost their home and ended up in rentals stop paying their rent that is now 2 1/2 times what their mortgage was.
This is another fake bubble being securitized and sold off. Just like putting people into houses with ARMs who couldnt afford them when the rates went up, Scharzman will fill up his rentals to 99% occupancy with special deals to sell them to investors, when the special deal period runs out and the rent goes up people will move out looking for cheaper housing and the securities wont be worth shit.Blackstone Group , CEO Stephen A. Schwarzman Buys Houses in Bulk to Profit from Mortgage Crisis
https://corpwatch.org/article/blackstone-group-buys-houses-bulk-profit-mortgage-crisis
[MORE]
renfro , says: December 19, 2019 at 6:41 am GMTThis is not surprising that this has happened. All of the de-regulation on Wall Street, lobbied for by Wall Street has allowed this to transpire.
Congress does not even read the bills that they sign into law, let alone write them! Many are written by ALEC American Legislative Exchange Council, the Chamber of Commerce, the Realtor's assosiation, the Medical Industrial Complex, public employee unions, and various other special interest groups!
Why is it a pressing issue to actively promote homosexuality? What is the point? That is realy strange! There is a difference between not actively discriminating and actively promoting!
Are they trying to worsen the AIDS epidemic or lower the birth rate? It does not make sense to be actively promoting and encouraging homosexuality.
@Lotsilviosilver , says: December 19, 2019 at 9:48 am GMTIn Florida a creditor can't force the sale of a primary residence, even if it is worth $20 million
Unless the law has changed in the last two years they can .. the Fla exemption says the affected property cannot be larger than half an acre in a municipality or 160 acres elsewhere.
I had a friend interested in a foreclosed horse farm in Fla .I think it was 200 acres, valued at about 6 million.
@Colin Wright se funds, their legal expertise, and their political connections mean that borrowers can more successfully be held to account. If I owned, say, Puerto Rican debt in my retirement account, the chances that I could make Puerto Rico honor its obligations are much slimmer.Bardon Kaldian , says: December 19, 2019 at 10:21 am GMTNone of this is to suggest that finance, as we today know it, is perfect and that it couldn't be reformed in any way to make its operation more conducive to nationalistic social values, only that anti-cap ideologues like Joyce weave lurid tales of malfeasance out of completely humdrum market economics (which is precisely the same market economics that Tucker Carlson learned about too, btw).
@silviosilverAnon [491] Disclaimer , says: December 19, 2019 at 11:43 am GMTOf course that Joyce is peddling his own obsessions, but I have to admit that Singer & comp. are detestable. I know that what they're doing is not illegal, but it should be (in my opinion), and those who are involved in such affairs are somehow odious. The same goes for Icahn, Soros etc.
Ethnic angle is evident, too: how come Singer works exclusively with his co-ethnics in this multi-ethnic USA? Non-Jewish & most Jewish entrepreneurs don't behave that way.
@Colin Wright usual with Joyce (and not only Joyce of course). You take something that is human, talk of Jews, point to that something in Jews, and pretend, trusting that your readers will pretend the same, that it's a Jewish-specific something.Anon [203] Disclaimer , says: December 19, 2019 at 1:08 pm GMT
Because if you were to say: everyone does this, everywhere, but when Jews do it it's just on a larger scale, then you'd be shining light on the fact that what changes with Jews is just skills, and that they are intelligent enough to co-operate more than the others.
Like when Mac Donald speaks of Jewish self-deception.
I feel I am swimming in self-deception everytime I talk with people (more so with women), and they aren't Jewish. Do people do anything, but self-deceive?
So?
I generally like Tucker but thought his piece on Singer was way off base and a silly hit job. As others above have commented, if you think it's wrong to buy or try to collect on defaulted debt, what is the alternative set of laws and behavior you are recommending? If debts can simply be repudiated at will, capitalism cannot function. (Also, while it would take too much time and space to debate the Puerto Rico situation here, it bears noting that the entire PR public debt burden of ~$75 billion comes to around $25,000 per resident -- about a third of the comparable burden of public sector debt per person in the United States, which itself ignores tens of trillions of "off balance" sheet liabilities for underfunded social security, Medicare, Medicaid and public sector pension obligations. The source of PR's problems lies pretty clearly at the feet of PR's long corrupt politicians -- not the incidental holders of its bonds who would simply like to be repaid or have the debt reasonably restructured.)
Other minor points worth noting:
Joyce names a few Jews associated with Baupost but misleadingly omits its president, the guy who is running the show: Jim Mooney, a proud graduate of Holy Cross and big supporter of Catholic and Jesuit causes. If memory serves, Jim was also the guy behind some of Baupost's biggest and most successeful distressed debt (or "vulture" to use Joyce's pejorative term) trades. The firm's Jewish founder (Seth Klarman) has also donated tons of money to secular causes, including something like $60 million for a huge facility at Cornell.
Speaking of donations and Jews, I believe Bloomberg (not technically a "vulture" capitalist but clearly just as bad -- I.e., Jewish -- on the Joyce scale) gave $1.5 billion to his alma mater, Johns Hopkins. If memory serves, that may have been the largest donation to any university ever. Maybe Carnegie's donations were greater in "real" dollars, but Bloomberg's donation is still pretty significant -- with likely more to come.
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Robjil , says: December 23, 2019 at 6:38 pm GMT
@Onebornfree No, knowledge, awareness is all that is needed.Light the darkness, and darkness ends.
We are in the dark in the west about this.
In the East, people see all this. They are not in the dark.
South Korea knows.
Earlier this week, the Observer reported on a spat that had broken out between a division of the giant Samsung empire and the American hedge fund Elliott Management. The most newsworthy feature of the dispute involved a series of articles on Korean business sites that pointedly criticized Elliott's CEO Paul Singer and directly attacked him for being Jewish, noting that "Jewish money has long been known to be ruthless and merciless" and claiming "It is a well-known fact that the US government is swayed by Jewish capital."
China knows.
https://www.tabletmag.com/jewish-arts-and-culture/books/167289/nanjing-jewish-studies
"Do the Jews Really Control America?" asked one Chinese newsweekly headline in 2009. The factoids doled out in such articles and in books about Jews in China -- for example: "The world's wealth is in Americans' pockets; Americans are in Jews' pockets" -- would rightly be seen to be alarming in other contexts. But in China, where Jews are widely perceived as clever and accomplished, they are meant as compliments. Scan the shelves in any bookstore in China and you are likely to find best-selling self-help books based on Jewish knowledge. Most focus on how to make cash. Titles range from 101 Money Earning Secrets From Jews' Notebooks to Learn To Make Money With the Jews.
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flora , December 21, 2019 at 7:41 am
re:impeachment redux
Interesting, to me at least, that the rocket docket timetable of the House impeachment coincided with the deadline to pass a budget to avoid a(nother) govt shutdown. While all msm eyes were transfixed by the hyperventilating spectacle, behind the scenes the budget passed through the Dem House was filled with more tax breaks for the corporations and the .001%, more money than the admin asked for the MIC, and killed a bill that would end medical 'surprise billing' (another gift to medical PE investors and giant hospital corporations), basically a whole neolib wish list.
Interesting the two events coincided, and, that Nancy decided not to sent on the articles to the Senate at this time. What gives? Is she hold on to them for a future time when she'll need to use them as another distraction for the msm to report on? (no, that could not be the reason. ;) )
Spring Texan , December 21, 2019 at 9:44 am
Schumer and a top House Democrat with ties to private equity were instrumental in defeating the surprise medical bill legislation: https://www.commondreams.org/news/2019/12/20/schumer-revealed-key-industry-ally-defeat-effort-curb-surprise-billing
https://www.salon.com/2019/12/18/top-house-democrat-kills-effort-to-end-devastating-surprise-medical-bills/
https://slate.com/business/2019/12/surprise-medical-bills-legislation-congress-democrats.htmlPat , December 21, 2019 at 2:31 pm
Pointed this out a couple of days ago (Slate and Buzzfeed). Happy that it is not just the online press pointing out it was Democrats killing this measure, Democrats in leadership positions. I also like that few, if any, of our media is falling for the kabuki used by Neal to stick the shiv in. Everyone gets that the 'competing plan' was there strictly to derail a law that end the hugely profitable but fraudulent price gauging of healthcare by private equity.
If he keeps this up, walking POS Schumer might make me miss Al D'Amato nah Al and Chuck are just two different colors of tulle, adding illusion to the political process.
Carey , December 21, 2019 at 3:51 pm
..and they could have just passed it for the good PR and then de-fanged it
administratively, but it looks like they wanted to press the point:
"No, Proles, we're not gonna let you breathe, not a bit."Good to know.
Joe Well , December 21, 2019 at 11:03 am
Where is AOC in all this? She was th e prime mover on impeachment, specifically impeachment over a phone call rather than concentration camps and genocide. And now with impeachment she gave Pelosi cover to sell the country out again. I was wondering why many libreral centrists were expreasing admiration for her, a socialist. Maybe they recognized something?
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Anon [491] Disclaimer , says: December 19, 2019 at 11:43 am GMT
@Colin Wright Intelligence and bias for co-operation may lead some groups to far greater achievements, in scams as well as in everything else.lavoisier , says: Website December 19, 2019 at 12:00 pm GMTThat aside, I think we daily meet plenty of individuals who'd sell their mothers, and maybe kill lives, for pennies. They are like machines not even conscious of what they are doing.
I meet them daily, in whatever activity, and none of them is Jewish. Also their shops, businesses, and so on are always the ones that prosper more: people love being scammed, and people love the show of power implicit in making you pay some extra for the service you requested, and still keeping plenty of customers with you.
So, it's the usual with Joyce (and not only Joyce of course). You take something that is human, talk of Jews, point to that something in Jews, and pretend, trusting that your readers will pretend the same, that it's a Jewish-specific something.
Because if you were to say: everyone does this, everywhere, but when Jews do it it's just on a larger scale, then you'd be shining light on the fact that what changes with Jews is just skills, and that they are intelligent enough to co-operate more than the others.
Like when Mac Donald speaks of Jewish self-deception.
I feel I am swimming in self-deception everytime I talk with people (more so with women), and they aren't Jewish. Do people do anything, but self-deceive?
So?@Colin Wright Bardon will counter with Buffet and the Koch brothers.Robjil , says: December 19, 2019 at 12:09 pm GMTBut in fairness, the Koch brothers are no damn good for the nation either.
Paul Singer is a world wide terrorist. Here is what he did to Argentina.Robjil , says: December 19, 2019 at 12:13 pm GMTElliott Management is perhaps most notorious for its 15-year battle with the government of Argentina, whose bonds were owned by the hedge fund. When Argentine president Cristina Kirchner attempted to restructure the debt, Elliott -- unlike most of the bonds' owners -- refused to accept a large loss on its investment. It successfully sued in US courts, and in pursuit of Argentine assets, convinced a court in Ghana to detain an Argentine naval training vessel, then docked outside Accra with a crew of 22o. After a change of its government, Argentina eventually settled and Singer's fund received $2.4 billion, almost four times its initial investment. Kirchner, meanwhile, has been indicted for corruption.
Where does Paul drop his bootie from his world wide theft? Israel, oh course.UncommonGround , says: December 19, 2019 at 12:28 pm GMTThis massive transfer of the American tech industry has largely been the work of one leading Republican donor -- billionaire hedge fund manager Paul Singer, who also funds the neoconservative think tank American Enterprise Institute (AEI), the Islamophobic and hawkish think tank Foundation for Defense of Democracies (FDD), the Republican Jewish Coalition (RJC), and also funded the now-defunct Foreign Policy Initiative (FPI).
Singer's project to bolster Israel's tech economy at the U.S.' expense is known as Start-Up Nation Central, which he founded in response to the global Boycott, Divest and Sanctions (BDS) movement that seeks to use nonviolent means to pressure Israel to comply with international law in relation to its treatment of Palestinians.
@Lot You give partial information which seem misleading and use arguments which are also weak and not enlightening.Amerimutt Golems , says: December 19, 2019 at 1:04 pm GMT1- Even if its natural that unsafe bonds are sold, this doesn't justify the practices and methods of those vulture fonds which buy those fonds which are socially damaging. I'm not certain of the details because it's an old case and people should seek more information. Very broadly, in the case of Argentina most funds accepted to make an agreement with the country and reduce their demands. Investors have to accept risks and losses. Paul Singer bought some financial papers for nothing at that time and forced Argentina to pay the whole price. For years Argentina refused to pay, but with the help of New York courts and the new Argentinian president they were forced to pay Singer. This was not conservative capitalism but imperialism. You can only act like Singer if you have the backing of courts, of a government which you control and of an army like the US army. A fast internet search for titles of articles: "Hedge fund billionaire Paul Singer's ruthless strategies include bullying CEOs, suing governments and seizing their navy's ships". "How one hedge fund made $2 billion from Argentina's economic colapse".
Andrew Sayer, professor in an English university, says in his book "Why we can't afford the rich" that finances as they are practiced now may cost more than bring any value to a society. It's a problem if some sectors of finances make outsized profits and use methods which are more than questionable.
2- You say that if borrowers become more protected "lenders become more conservative, investment declines, and worthy businesses can't get investments." I doubt this is true. In the first place, risk investments by vulture fonds probably don't create any social value. The original lenders who sold their bonds to such vulture fonds have anyway big or near total losses in some cases and in spite of that they keep doing business. Why should we support vulture fonds, what for? What positive function they play in society? In Germany, capitalism was much more social in old days before a neoliberal wave forced Germany to change Rhine capitalism. Local banks lended money to local business which they knew and which they had an interest that they prosper. Larger banks lended money to big firms. Speculation like in neoliberal capitalism wasn't needed.
3- The point which you didn't grasp is that there is a component of those business which isn't publicly clear, the fact that they funcion along ethnic lines.
4- It would be easy to fix excesses of capitalism. The problem is that the people who profit the most from the system also have the power to prevent any change.
@LotAnon [203] Disclaimer , says: December 19, 2019 at 1:08 pm GMTThe article bounces back and forth between two completely different fields: private equity and distressed debt funds. The latter is completely defensible. A lot of bondholders, probably the majority, cannot hold distressed or defaulted debt. Insurance companies often can't by law. Bond mutual funds set out in their prospectuses they don't invest in anything rated lower than A, AA, or whatever. Even those allowed to hold distressed debt don't want the extra costs involved with doing so, such as carefully following bankruptcy proceedings and dealing with delayed and irregular payments.
The author is not a finance expert but he correctly spotlights flaws of so-called 'predatory capitalism' which is disproportionately Jewish.
Private equity is rife with vices like asset-stripping and looting e.g Eddie Lampert ('Jewishness' member) plus El Trumpo appointee Steven Mnuchin at Sears.
Vulture funds often load all sorts of costs, even frivolous ones, and extra interest charges on the original debt to maximize profit.
Some countries have the Duplum rule which limits the amount you are liable to a creditor when you default on a debt.
Sears accuses Eddie Lampert of looting the company
https://nypost.com/2019/04/18/sears-accuses-eddie-lampert-of-looting-the-company/I generally like Tucker but thought his piece on Singer was way off base and a silly hit job. As others above have commented, if you think it's wrong to buy or try to collect on defaulted debt, what is the alternative set of laws and behavior you are recommending? If debts can simply be repudiated at will, capitalism cannot function. (Also, while it would take too much time and space to debate the Puerto Rico situation here, it bears noting that the entire PR public debt burden of ~$75 billion comes to around $25,000 per resident -- about a third of the comparable burden of public sector debt per person in the United States, which itself ignores tens of trillions of "off balance" sheet liabilities for underfunded social security, Medicare, Medicaid and public sector pension obligations. The source of PR's problems lies pretty clearly at the feet of PR's long corrupt politicians -- not the incidental holders of its bonds who would simply like to be repaid or have the debt reasonably restructured.)Anonymous [165] Disclaimer , says: December 19, 2019 at 1:10 pm GMTOther minor points worth noting:
Joyce names a few Jews associated with Baupost but misleadingly omits its president, the guy who is running the show: Jim Mooney, a proud graduate of Holy Cross and big supporter of Catholic and Jesuit causes. If memory serves, Jim was also the guy behind some of Baupost's biggest and most successeful distressed debt (or "vulture" to use Joyce's pejorative term) trades. The firm's Jewish founder (Seth Klarman) has also donated tons of money to secular causes, including something like $60 million for a huge facility at Cornell.
Speaking of donations and Jews, I believe Bloomberg (not technically a "vulture" capitalist but clearly just as bad -- I.e., Jewish -- on the Joyce scale) gave $1.5 billion to his alma mater, Johns Hopkins. If memory serves, that may have been the largest donation to any university ever. Maybe Carnegie's donations were greater in "real" dollars, but Bloomberg's donation is still pretty significant -- with likely more to come.
@sally Sally, please, knock it off. If you worked on Wall Street you'd know this article is just the tip of the iceberg of Jewish financial criminality. Years ago Jim Cramer of CNBC fame, who used to appear with Goldman Sachs' former and current PR man Larry Kudlow, also headed Wall Street's top hedge fund at the time, Cramer Berkowitz. A former employee and Jewish at that wrote an expose, Trading With the Enemy letting non-Jews in the reading public in on what's really going on. Of course there's a Jewish pipeline giving them the news before it's news, which is what it means to be a Wall Street insider. Or so says Jim Cramer, and the book establishes this with solid evidence and not speculation.secondElijah , says: Website December 19, 2019 at 1:10 pm GMTFor example, one of the Jewish anchors on CNBC would routinely call Cramer, which the author overheard at the trading desk, and tip Cramer off about a market moving news story about to be aired so Cramer could front run the market, fanatically divvying the orders out to avoid scrutiny. His most important client was Norman Podoretz of socialist fame, who put up the seed money for Cramer, who'd be on the phone to Cramer throughout the day checking on his investments when not pushing socialism on the stupid goys. That's what socialism means in America. The big names among Jewish stock and bond analysts at the big houses would also be on the line with Cramer right before market making analysis was about to be released.
It's also the case that no economy and society can survive the sort of FIRE parasitism this country's now burdened with, which as Spengler put it a century ago, amounts to tricking a profit off every penny of goyisher labor. A dog can handle a number of ticks and fleas sucking its blood, but will die soon enough when the ticks and fleas are consuming a quarter or more of its blood. As Dr Joyce points out in yet another brilliant article, DJT is demonstrably a puppet of the Jewish billionaires mentioned, who're in a rage to destroy the families and everything the fools attending his rallies hold dear.
@J Adelman Yes, the Jews have always stood up for the underdog (except when they were slave traders) and promoted social harmony (except for cultural Marxism) and "Jewish influence" is purely a figment of your imagination (except WWI and the Communist revolution .and and ). And they definitely have nothing to do with the financial industry or banks (it is all a conspiracy the protocols ya know).Do you really believe your own poopaganda? A little introspection goes a long way. Why have you been persecuted or kicked out of every country you have ever lived in? You never, ever do anything wrong?
No one is demonizing you. You do it to yourself. People like Epstein and Weinstein are your standard bearers. Events like 9/11 are your trophies. Your infiltration of the body politic and malign influence in society is once again becoming visible to everyone and it is making you afraid.
You have done it again. You never, ever learn. You play the perpetual victim .everyone hates me without a reason. My sin is greater than I can bear (Cain) everyone who comes across me will kill me. I spend my time wandering the earth (boo ho). And despite slaying your brother you are accorded divine protection.
Jesus said (paraphrasing here) that if the unclean spirit is cast out of a man and is not replaced with something wholesome he takes "seven other spirits" into himself and becomes totally insane. You did this to yourself and you will realize that your problem is no longer with man but with God himself. Jacob the deceiver has wrestled all his life against his fellow man and triumphed but now he will confront God himself. Get ready to meet your Maker and see how far your excuses will get you with the Almighty.
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It was very gratifying to see Tucker Carlson's recent attack on the activities of Paul Singer's vulture fund, Elliot Associates, a group I first profiled four years ago. In many respects, it is truly remarkable that vulture funds like Singer's escaped major media attention prior to this, especially when one considers how extraordinarily harmful and exploitative they are. Many countries are now in very significant debt to groups like Elliot Associates and, as Tucker's segment very starkly illustrated, their reach has now extended into the very heart of small-town America. Shining a spotlight on the spread of this virus is definitely welcome. I strongly believe, however, that the problem presented by these cabals of exploitative financiers will only be solved if their true nature is fully discerned. Thus far, the descriptive terminology employed in discussing their activities has revolved only around the scavenging and parasitic nature of their activities. Elliot Associates have therefore been described as a quintessential example of a "vulture fund" practicing "vulture capitalism." But these funds aren't run by carrion birds. They are operated almost exclusively by Jews. In the following essay, I want us to examine the largest and most influential "vulture funds," to assess their leadership, ethos, financial practices, and how they disseminate their dubiously acquired wealth. I want us to set aside colorful metaphors. I want us to strike through the mask.
https://www.youtube.com/embed/IdwH066g5lQ?feature=oembed
Who Are The Vultures?
It is commonly agreed that the most significant global vulture funds are Elliot Management, Cerberus, FG Hemisphere, Autonomy Capital, Baupost Group, Canyon Capital Advisors, Monarch Alternative Capital, GoldenTree Asset Management, Aurelius Capital Management, OakTree Capital, Fundamental Advisors, and Tilden Park Investment Master Fund LP. The names of these groups are very interesting, being either blankly nondescript or evoking vague inklings of Anglo-Saxon or rural/pastoral origins (note the prevalence of oak, trees, parks, canyons, monarchs, or the use of names like Aurelius and Elliot). This is the same tactic employed by the Jew Jordan Belfort, the "Wolf of Wall Street," who operated multiple major frauds under the business name Stratton Oakmont.
These names are masks. They are designed to cultivate trust and obscure the real background of the various groupings of financiers. None of these groups have Anglo-Saxon or venerable origins. None are based in rural idylls. All of the vulture funds named above were founded by, and continue to be operated by, ethnocentric, globalist, urban-dwelling Jews. A quick review of each of their websites reveals their founders and central figures to be:
Elliot Management -- Paul Singer, Zion Shohet, Jesse Cohn, Stephen Taub, Elliot Greenberg and Richard Zabel Cerberus -- Stephen Feinberg, Lee Millstein, Jeffrey Lomasky, Seth Plattus, Joshua Weintraub, Daniel Wolf, David Teitelbaum FG Hemisphere -- Peter Grossman Autonomy Capital -- Derek Goodman Baupost Group -- Seth Klarman, Jordan Baruch, Isaac Auerbach Canyon Capital Advisors -- Joshua Friedman, Mitchell Julis Monarch Alternative Capital -- Andrew Herenstein, Michael Weinstock GoldenTree Asset Management -- Steven Tananbaum, Steven Shapiro Aurelius Capital Management -- Mark Brodsky, Samuel Rubin, Eleazer Klein, Jason Kaplan OakTree Capital -- Howard Marks, Bruce Karsh, Jay Wintrob, John Frank, Sheldon Stone Fundamental Advisors -- Laurence Gottlieb, Jonathan Stern Tilden Park Investment Master Fund LP -- Josh Birnbaum, Sam AlcoffThe fact that all of these vulture funds, widely acknowledged as the most influential and predatory, are owned and operated by Jews is remarkable in itself, especially in a contemporary context in which we are constantly bombarded with the suggestion that Jews don't have a special relationship with money or usury, and that any such idea is an example of ignorant prejudice. Equally remarkable, however, is the fact that Jewish representation saturates the board level of these companies also, suggesting that their beginnings and methods of internal promotion and operation rely heavily on ethnic-communal origins, and religious and social cohesion more generally. As such, these Jewish funds provide an excellent opportunity to examine their financial and political activities as expressions of Jewishness, and can thus be placed in the broader framework of the Jewish group evolutionary strategy and the long historical trajectory of Jewish-European relations.
How They Feed
In May 2018, Puerto Rico declared a form of municipal bankruptcy after falling into more than $74.8 billion in debt, of which more than $34 billion is interest and fees. The debt was owed to all of the Jewish capitalists named above, with the exception of Stephen Feinberg's Cerberus group. In order to commence payments, the government had instituted a policy of fiscal austerity, closing schools and raising utility bills, but when Hurricane Maria hit the island in September 2017, Puerto Rico was forced to stop transfers to their Jewish creditors. This provoked an aggressive attempt by the Jewish funds to seize assets from an island suffering from an 80% power outage, with the addition of further interest and fees. Protests broke out in several US cities calling for the debt to be forgiven. After a quick stop in Puerto Rico in late 2018, Donald Trump pandered to this sentiment when he told Fox News, "They owe a lot of money to your friends on Wall Street, and we're going to have to wipe that out." But Trump's statement, like all of Trump's statements, had no substance. The following day, the director of the White House budget office, Mick Mulvaney, told reporters: "I think what you heard the president say is that Puerto Rico is going to have to figure out a way to solve its debt problem." In other words, Puerto Rico is going to have to figure out a way to pay its Jews.
Trump's reversal is hardly surprising, given that the President is considered extremely friendly to Jewish financial power. When he referred to "your friends on Wall Street" he really meant his friends on Wall Street. One of his closest allies is Stephen Feinberg, founder and CEO of Cerberus, a war-profiteering vulture fund that has now accumulated more than $1.5 billion in Irish debt , leaving the country prone to a " wave of home repossessions " on a scale not seen since the Jewish mortgage traders behind Quicken Loans (Daniel Gilbert) and Ameriquest (Roland Arnall) made thousands of Americans homeless . Feinberg has also been associated with mass evictions in Spain, causing a collective of Barcelona anarchists to label him a "Jewish mega parasite" in charge of the "world's vilest vulture fund." In May 2018, Trump made Feinberg chair of his Intelligence Advisory Board , and one of the reasons for Trump's sluggish retreat from Afghanistan has been the fact Feinberg's DynCorp has enjoyed years of lucrative government defense contracts training Afghan police and providing ancillary services to the military.
But Trump's association with Jewish vultures goes far beyond Feinberg. A recent piece in the New York Post declared "Orthodox Jews are opening up their wallets for Trump in 2020." This is a predictable outcome of the period 2016 to 2020, an era that could be neatly characterised as How Jews learned to stop worrying and love the Don. Jewish financiers are opening their wallets for Trump because it is now clear he utterly failed to fulfil promises on mass immigration to White America, while pledging his commitment to Zionism and to socially destructive Jewish side projects like the promotion of homosexuality. These actions, coupled with his commuting of Hasidic meatpacking boss Sholom Rubashkin 's 27-year-sentence for bank fraud and money laundering in 2017, have sent a message to Jewish finance that Trump is someone they can do business with. Since these globalist exploiters are essentially politically amorphous, knowing no loyalty but that to their own tribe and its interests, there is significant drift of Jewish mega-money between the Democratic and Republican parties. The New York Post reports, for example, that when Trump attended a $25,000-per-couple luncheon in November at a Midtown hotel, where 400 moneyed Jews raised at least $4 million for the America First [!] SuperPAC, the luncheon organiser Kelly Sadler, told reporters, "We screened all of the people in attendance, and we were surprised to see how many have given before to Democrats, but never a Republican. People were standing up on their chairs chanting eight more years." The reality, of course, is that these people are not Democrats or Republicans, but Jews, willing to push their money in whatever direction the wind of Jewish interests is blowing.
The collapse of Puerto Rico under Jewish debt and elite courting of Jewish financial predators is certainly nothing new. Congo , Zambia , Liberia , Argentina , Peru , Panama , Ecuador , Vietnam , Poland , and Ireland are just some of the countries that have slipped fatefully into the hands of the Jews listed above, and these same people are now closely watching Greece and India . The methodology used to acquire such leverage is as simple as it is ruthless. On its most basic level, "vulture capitalism" is really just a combination of the continued intense relationship between Jews and usury and Jewish involvement in medieval tax farming. On the older practice, Salo Baron writes in Economic History of the Jews that Jewish speculators would pay a lump sum to the treasury before mercilessly turning on the peasantry to obtain "considerable surpluses if need be, by ruthless methods." [1] S. Baron (ed) Economic History of the Jews (New York, 1976), 46-7. The activities of the Jewish vulture funds are essentially the same speculation in debt, except here the trade in usury is carried out on a global scale with the feudal peasants of old now replaced with entire nations. Wealthy Jews pool resources, purchase debts, add astronomical fees and interests, and when the inevitable default occurs they engage in aggressive legal activity to seize assets, bringing waves of jobs losses and home repossessions.
This type of predation is so pernicious and morally perverse that both the Belgian and UK governments have taken steps to ban these Jewish firms from using their court systems to sue for distressed debt owed by poor nations. Tucker Carlson, commenting on Paul Singer's predation and the ruin of the town of Sidney, Nebraska, has said:
It couldn't be uglier or more destructive. So why is it still allowed in the United States? The short answer: Because people like Paul Singer have tremendous influence over our political process. Singer himself was the second largest donor to the Republican Party in 2016. He's given millions to a super-PAC that supports Republican senators. You may never have heard of Paul Singer -- which tells you a lot in itself -- but in Washington, he's rock-star famous. And that is why he is almost certainly paying a lower effective tax rate than your average fireman, just in case you were still wondering if our system is rigged. Oh yeah, it is.
Aside from direct political donations, these Jewish financiers also escape scrutiny by hiding behind a mask of simplistic anti-socialist rhetoric that is common in the American Right, especially the older, Christian, and pro-Zionist demographic. Rod Dreher, in a commentary on Carlson's piece at the American Conservative , points out that Singer gave a speech in May 2019 attacking the "rising threat of socialism within the Democratic Party." Singer continued, "They call it socialism, but it is more accurately described as left-wing statism lubricated by showers of free stuff promised by politicians who believe that money comes from a printing press rather than the productive efforts of businesspeople and workers." Dreher comments: "The productive efforts of businesspeople and workers"? The gall of that man, after what he did to the people of Sidney."
What Singer and the other Jewish vultures engage in is not productive, and isn't even any recognisable form of work or business. It is greed-motivated parasitism carried out on a perversely extravagant and highly nepotistic scale. In truth, it is Singer and his co-ethnics who believe that money can be printed on the backs of productive workers, and who ultimately believe they have a right to be "showered by free stuff promised by politicians." Singer places himself in an infantile paradigm meant to entertain the goyim, that of Free Enterprise vs Socialism, but, as Carlson points out, "this is not the free enterprise that we all learned about." That's because it's Jewish enterprise -- exploitative, inorganic, and attached to socio-political goals that have nothing to do with individual freedom and private property. This might not be the free enterprise Carlson learned about, but it's clearly the free enterprise Jews learn about -- as illustrated in their extraordinary over-representation in all forms of financial exploitation and white collar crime. The Talmud, whether actively studied or culturally absorbed, is their code of ethics and their curriculum in regards to fraud, fraudulent bankruptcy, embezzlement, usury, and financial exploitation. Vulture capitalism is Jewish capitalism.
Whom They Feed
Singer's duplicity is a perfect example of the way in which Jewish finance postures as conservative while conserving nothing. Indeed, Jewish capitalism may be regarded as the root cause of the rise of Conservative Inc., a form or shadow of right wing politics reduced solely to fiscal concerns that are ultimately, in themselves, harmful to the interests of the majority of those who stupidly support them. The spirit of Jewish capitalism, ultimately, can be discerned not in insincere bleating about socialism and business, intended merely to entertain semi-educated Zio-patriots, but in the manner in which the Jewish vulture funds disseminate the proceeds of their parasitism. Real vultures are weak, so will gorge at a carcass and regurgitate food to feed their young. So then, who sits in the nests of the vulture funds, awaiting the regurgitated remains of troubled nations?
Boston-based Seth Klarman (net worth $1.5 billion), who like Paul Singer has declared "free enterprise has been good for me," is a rapacious debt exploiter who was integral to the financial collapse of Puerto Rico, where he hid much of activities behind a series of shell companies. Investigative journalists eventually discovered that Klarman's Baupost group was behind much of the aggressive legal action intended to squeeze the decimated island for bond payments. It's clear that the Jews involved in these companies are very much aware that what they are doing is wrong, and they are careful to avoid too much reputational damage, whether to themselves individually or to their ethnic group. Puerto Rican journalists, investigating the debt trail to Klarman, recall trying to follow one of the shell companies (Decagon) to Baupost via a shell company lawyer (and yet another Jew) named Jeffrey Katz:
Returning to the Ropes & Gray thread, we identified several attorneys who had worked with the Baupost Group, and one, Jeffrey Katz, who – in addition to having worked directly with Baupost – seemed to describe a particularly close and longstanding relationship with a firm fitting Baupost's profile on his experience page. I called Katz and he picked up, to my surprise. I identified myself, as well as my affiliation with the Public Accountability Initiative, and asked if he was the right person to talk to about Decagon Holdings and Baupost. He paused, started to respond, and then evidently thought better of it and said that he was actually in a meeting, and that I would need to call back (apparently, this high-powered lawyer picks up calls from strange numbers when he is in important meetings). As he was telling me to call back, I asked him again if he was the right person to talk to about Decagon, and that I wouldn't call back if he wasn't, and he seemed to get even more flustered. At that point he started talking too much, about how he was a lawyer and has clients, how I must think I'm onto some kind of big scoop, and how there was a person standing right in front of him – literally, standing right in front of him – while I rudely insisted on keeping him on the line.
One of the reasons for such secrecy is the intensive Jewish philanthropy engaged in by Klarman under his Klarman Family Foundation . While Puerto Rican schools are being closed, and pensions and health provisions slashed, Klarman is regurgitating the proceeds of massive debt speculation to his " areas of focus " which prominently includes " Supporting the global Jewish community and Israel ." While plundering the treasuries of the crippled nations of the goyim, Klarman and his co-ethnic associates have committed themselves to "improving the quality of life and access to opportunities for all Israeli citizens so that they may benefit from the country's prosperity." Among those in Klarman's nest, their beaks agape for Puerto Rican debt interest, are the American Jewish Committee, Boston's Combined Jewish Philanthropies, the Holocaust Memorial Museum, the Honeymoon Israel Foundation, Israel-America Academic Exchange, and the Israel Project. Klarman, like Singer, has also been an enthusiastic proponent of liberalising attitudes to homosexuality, donating $1 million to a Republican super PAC aimed at supporting pro-gay marriage GOP candidates in 2014 (Singer donated $1.75 million). Klarman, who also contributes to candidates who support immigration reform, including a path to citizenship for undocumented immigrants, has said "The right to gay marriage is the largest remaining civil rights issue of our time. I work one-on-one with individual Republicans to try to get them to realize they are being Neanderthals on this issue."
Steven Tananbaum's GoldenTree Asset Management has also fed well on Puerto Rico, owning $2.5 billion of the island's debt. The Centre for Economic and Policy Research has commented :
Steven Tananbaum, GoldenTree's chief investment officer, told a business conference in September (after Hurricane Irma, but before Hurricane Maria) that he continued to view Puerto Rican bonds as an attractive investment. GoldenTree is spearheading a group of COFINA bondholders that collectively holds about $3.3 billion in bonds. But with Puerto Rico facing an unprecedented humanitarian crisis, and lacking enough funds to even begin to pay back its massive debt load, these vulture funds are relying on their ability to convince politicians and the courts to make them whole. The COFINA bondholder group has spent $610,000 to lobby Congress over the last two years, while GoldenTree itself made $64,000 in political contributions to federal candidates in the 2016 cycle. For vulture funds like GoldenTree, the destruction of Puerto Rico is yet another opportunity for exorbitant profits.
Whom does Tananbaum feed with these profits? A brief glance at the spending of the Lisa and Steven Tananbaum Charitable Trust reveals a relatively short list of beneficiaries including United Jewish Appeal Foundation, American Friends of Israel Museum, Jewish Community Center, to be among the most generously funded, with sizeable donations also going to museums specialising in the display of degenerate and demoralising art.
Following the collapse in Irish asset values in 2008, Jewish vulture funds including OakTree Capital swooped on mortgagee debt to seize tens of thousands of Irish homes, shopping malls, and utilities (Steve Feinberg's Cerberus took control of public waste disposal). In 2011, Ireland emerged as a hotspot for distressed property assets, after its bad banks began selling loans that had once been held by struggling financial institutions. These loans were quickly purchased at knockdown prices by Jewish fund managers, who then aggressively sought the eviction of residents in order to sell them for a fast profit. Michael Byrne, a researcher at the School of Social Policy at University College Dublin, Ireland's largest university, comments : "The aggressive strategies used by vulture funds lead to human tragedies." One homeowner, Anna Flynn recalls how her mortgage fell into the hands of Mars Capital, an affiliate of Oaktree Capital, owned and operated by the Los Angeles-based Jews Howard Marks and Bruce Karsh. They were "very, very difficult to deal with," said Flynn, a mother of four. "All [Mars] wanted was for me to leave the house; they didn't want a solution [to ensure I could retain my home]."
When Bruce Karsh isn't making Irish people homeless, whom does he feed with his profits? A brief glance at the spending of the Karsh Family Foundation reveals millions of dollars of donations to the Jewish Federation, Jewish Community Center, and the United Jewish Fund.
Paul Singer, his son Gordin, and their Elliot Associates colleagues Zion Shohet, Jesse Cohn, Stephen Taub, Elliot Greenberg and Richard Zabel, have a foothold in almost every country, and have a stake in every company you're likely to be familiar with, from book stores to dollar stores. With the profits of exploitation, they fund campaigns for homosexuality and mass migration , boost Zionist politics, invest millions in security for Jews , and promote wars for Israel. Singer is a Republican, and is on the Board of the Republican Jewish Coalition. He is a former board member of the Jewish Institute for National Security Affairs, has funded neoconservative research groups like the Middle East Media Research Institute and the Center for Security Policy, and is among the largest funders of the neoconservative Foundation for Defense of Democracies. He was also connected to the pro-Iraq War advocacy group Freedom's Watch. Another key Singer project was the Foreign Policy Initiative (FPI), a Washington D.C.-based advocacy group that was founded in 2009 by several high-profile Jewish neoconservative figures to promote militaristic U.S. policies in the Middle East on behalf of Israel and which received its seed money from Singer.
Although Singer was initially anti-Trump, and although Trump once attacked Singer for his pro-immigration politics ("Paul Singer represents amnesty and he represents illegal immigration pouring into the country"), Trump is now essentially funded by three Jews -- Singer, Bernard Marcus, and Sheldon Adelson, together accounting for over $250 million in pro-Trump political money . In return, they want war with Iran. Employees of Elliott Management were one of the main sources of funding for the 2014 candidacy of the Senate's most outspoken Iran hawk, Sen. Tom Cotton (R-AR), who urged Trump to conduct a "retaliatory strike" against Iran for purportedly attacking two commercial tankers. These exploitative Jewish financiers have been clear that they expect a war with Iran, and they are lobbying hard and preparing to call in their pound of flesh. As one political commentator put it, "These donors have made their policy preferences on Iran plainly known. They surely expect a return on their investment in Trump's GOP."
The same pattern is witnessed again and again, illustrating the stark reality that the prosperity and influence of Zionist globalism rests to an overwhelming degree on the predations of the most successful and ruthless Jewish financial parasites. This is not conjecture, exaggeration, or hyperbole. This is simply a matter of striking through the mask, looking at the heads of the world's most predatory financial funds, and following the direction of regurgitated profits.
Make no mistake, these cabals are everywhere and growing. They could be ignored when they preyed on distant small nations, but their intention was always to come for you too. They are now on your doorstep. The working people of Sidney, Nebraska probably had no idea what a vulture fund was until their factories closed and their homes were taken. These funds will move onto the next town. And the next. And another after that. They won't be stopped through blunt support of "free enterprise," and they won't be stopped by simply calling them "vulture capitalists."
Strike through the mask!
Notes
[1] S. Baron (ed) Economic History of the Jews (New York, 1976), 46-7.
(Republished from The Occidental Observer by permission of author or representative)
anon [631] Disclaimer , says: December 19, 2019 at 2:34 am GMT
To what extent is Jewish success a product of Jewish intellect and industry versus being a result of a willingness to use low, dirty, honorless and anti-social tactics which, while maybe not in violation of the word of the law, certainly violate its spirit?Colin Wright , says: Website December 19, 2019 at 3:07 am GMTAn application of "chutzpah" to business, if you will – the gall to break social conventions to get what you want, while making other people feel uncomfortable; to wheedle your way in at the joints of social norms and conventions – not illegal, but selfish and rude.
Krav Maga applies the same concept to the martial arts: You're taught to go after the things that every other martial art forbids you to target: the eyes, the testicles, etc. In other sports this is considered "low" and "cheap." In Krav Maga, as perhaps a metaphor for Jewish behavior in general, nothing is too low because it's all about winning .
On a related subjectColin Wright , says: Website December 19, 2019 at 3:21 am GMTThere's a rather good article on the New Yorker discussing the Sacklers and the Oxycontin epidemic. It focusses on the dichotomy between the family's ruthless promotion of the drug and their lavish philanthropy. 'Leave the world a better place for your presence' and similar pieties and Oxycontin.
The article lightly touches on the extent of their giving to Hebrew University of Jerusalem -- but in general, treads lightly when it comes to their Judaism.
understandably. The New Yorker isn't exactly alt-right country, after all. But can Joyce or anyone else provide a more exact breakdown on the Sacklers' giving? Are they genuine philanthropists, or is it mostly for the Cause?
@anon 'To what extent is Jewish success a product of Jewish intellect and industry versus being a result of a willingness to use low, dirty, honorless and anti-social tactics which, while maybe not in violation of the word of the law, certainly violate its spirit? 'Lot , says: December 19, 2019 at 3:36 am GMTIt's important not to get carried away with this. Figures such as Andrew Carnegie, while impeccably gentile, were hardly paragons of scrupulous ethics and disinterested virtue.
I won't defend high finance because I don't like it either. But this is a retarded and highly uninformed attack on it.Dutch Boy , says: December 19, 2019 at 5:09 am GMT1. The article bounces back and forth between two completely different fields: private equity and distressed debt funds. The latter is completely defensible. A lot of bondholders, probably the majority, cannot hold distressed or defaulted debt. Insurance companies often can't by law. Bond mutual funds set out in their prospectuses they don't invest in anything rated lower than A, AA, or whatever. Even those allowed to hold distressed debt don't want the extra costs involved with doing so, such as carefully following bankruptcy proceedings and dealing with delayed and irregular payments.
As a result, it is natural that normal investors sell off such debt at a discount to funds that specialize in it.
2. Joyce defends large borrowers that default on their debt. Maybe the laws protecting bankrupts and insolvents should be stronger. But you do that, and lenders become more conservative, investment declines, and worthy businesses can't get investments. I think myself the laws in the US are too favorable to lenders, but there's definitely a tradeoff, and the question is where the happy middle ground is. In Florida a creditor can't force the sale of a primary residence, even if it is worth $20 million. That's going too far in the other direction.
3. " either blankly nondescript or evoking vague inklings of Anglo-Saxon or rural/pastoral origins "
More retardation. Cerberus is a greek dog monster guarding the gates of hell. Aurelius is from the Latin word for gold. "Hemisphere" isn't an Anglosaxon word nor does in invoke rural origins.
Besides being retardedly wrong, the broader point is likewise retarded: when English-speaking Jews name their businesses they shouldn't use English words. Naming a company "Oaktree" should be limited to those of purely English blood! Jews must name their companies "Cosmopolitan Capital" or RosenMoses Chutzpah Advisors."
4. The final and most general point: it's trivially easy to attack particular excesses of capitalism. Fixing the excesses without creating bigger problem is the hard part. Two ideas I favor are usury laws and Tobin taxes.
Jewishness aside, maximizing shareholder is the holy grail of all capitalist enterprises. The capitalist rush to abandon the American working class when tariff barriers evaporated is just another case of vulturism. Tax corporations based on the domestic content of their products and ban usury and vulturism will evaporate.ANZ , says: December 19, 2019 at 5:26 am GMTSomeone with the username kikz posted a link to this article in the occidental observer. I read it and thought it was a great article. I'm glad it's featured here.The article goes straight for the jugular and pulls no punches. It hits hard. I like that:
1. It shines a light on the some of the scummiest of the scummiest Wall Street players.
2. It names names. From the actual vulture funds to the rollcall of Jewish actors running each. It's astounding how ethnically uniform it is.
3. It proves Trump's ties with the most successful Vulture kingpin, Singer.
4. It shows how money flows from the fund owners to Zionist and Jewish causes.This thing reads like a court indictment. It puts real world examples to many of the theories that are represents on this site. Excellent article.
Adrian , says: December 19, 2019 at 11:35 am GMT
@HammerJackAndrew Carnegie left behind institutions like Carnegie Hall, Carnegie-Mellon University, and over 2500 Free Libraries from coast to coast, in a time when very little was done to help what we now call the “underprivileged”.
And he funded the building of the Peace Palace (“Vredespaleis”) in The Hague, presently the seat of the International Court of Justice, an institution not held in high esteem in the home country of the generous donor.
https://www.youtube.com/embed/gqF-NcRXdEs?feature=oembed
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Dec 20, 2019 | www.unz.com
Jimmy1969 says: December 19, 2019 at 2:12 pm GMT 200 Words Golden Tree Asset Management bought up Post Media in Canada at a fire sale years ago from the bankrupt Asper family. Post Media is a conglomerate that controls dozens and dozens of media outlets in all of Canada including 95% of all the major Newspapers in every large city. Therefore Canadian news is de facto controlled by an American New York Jewish hedge fund. That fact has been known for years and is joked about on all of the bar stools in Canada where reporters hang out .but not in the Press. No one writes about it none of the Nationalistic Professors, Journalists, Members of Parliament no one. One fact is certain you will never ever see a single bad word in any of their papers critical of Israel, or any actions of Israelis. Any comment critical of Israel or Zionist power, no matter how objective or moderate is immediately deleted. And sadly this is no joke. The world should take note of how Canada is strangled. Read More Replies: @bike-anarkist
Replies: @the grand wazoo , @eah Reply Agree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
I'm Tyrone , says: December 19, 2019 at 2:18 pm GMT
@silviosilver Paying what you owe is perfectly fine and moral. Paying double of what you owe on account of inflated fees and interest is blood sucking. Doing this to developing nations is downright cruel.BannedHipster , says: Website December 19, 2019 at 2:21 pm GMTLet's say Congo owes $10 billion. A finance firm buys that debt for $8 billion, collects the full $10 billion (which already includes interest) and make a $2 billion profit. That's not too terrible.
But to buy the debt for $8 billion and then force Congo to pay $60 billion is Jewish. Playing the victim while accusing Congo of financial mismanagement and forcing them to close their schools and hospitals – very Jewish. Evading the ethical implications of one's actions and seeking cover behind legalism like a coward –> Jew level – Godlike
What say AaronB? Do you concur chief?
It's a simple ingroup/outgroup distinction.Realist , says: December 19, 2019 at 2:22 pm GMTJews see themselves as the ingroup, and the "goyim" as the outgroup. Since Whites are the "outgroup" it's not just acceptable, but praiseworthy, to exploit them. To "beat" them at war.
The problem is that Whites wrongly do not see Jews as an outgroup – something that Jews themselves take great pains to discourage via their various front groups like the ADL.
There is no "technical" fix, there is no objective "system" that can change this dynamic. There is no "level playing field."
Whites need to ostracize Jews at all levels. Boycott, Divest and Sanction – not just their apartheid regime of Jew bigotry in Zionist-occupied Palestine, but at every level of society, business, civil institutions, etc.
@GhaliDaveE , says: December 19, 2019 at 2:30 pm GMTJews are destroying the world. Everywhere they go, they leave behind nations in ruins. Look at Europe, Africa and the Americas, Jews have left their ugly footprints. Corruption, prostitution, drugs and human trafficking are their trade.
Greed from all races is the problem.
Reading the (obvious) Jews commenting here on their various financial swindle-systems is a lot like reading zionists defending Israel. The basic tactics are always the same:BannedHipster , says: Website December 19, 2019 at 2:31 pm GMT1.) Focus on some small aspects or most recent events and make a comparison to Gentiles or other events with similar micro-narratives. "See? Everyone else does it! Why single out us poor, persecuted Jews?"
2.) Use these minute distractions to drown out the overall issues, underlying concepts, long history or guiding ideology in noise and minutiae.
3.) Never start at the beginning of the story and follow the trajectory though; always start in the middle and focus on some trivial detail, use it to defend the (never stated) sicko ideology that started the problem in the first place. Completely ignore any timelines or larger perspectives.
David Icke calls it (or used to call it -- - back when his backbone was healthy) the Reptilian Brain. The ability to manipulate trivial minutiae while never addressing underlying concepts or timelines.
I just call it Jew Noise.
@Just passing throughReally No Shit , says: December 19, 2019 at 2:35 pm GMTIt is hard to feel sorry for WASPs, they struck a deal with the Jews centuries ago
Catholic political powers have been "striking deals with Jews" for two thousand years. There is a synagogue in Rome right next to the Vatican which has been legally privileged since the days of Christ. As E. Michael Jones detailed in his book, Jewish Revolutionary Spirit , the Catholic Church itself defended Jews from the angry mobs time and time again throughout their history, to the point bishops and priests would harbor Jews in the cathedrals and lock the doors before the peasants could arrest them.
Indeed, the infighting among Whites promoted by the likes of Jones is yet again another assist from Catholic powers to their partners, the Jews.
The popular "neo-reactionary/NRx" movement, started by the Ashkenazi Curtis Yarvin, is yet another "right-wing" fad that blames Calvinists for all the problems in the world. Jews are blameless, yet again another White ethnicity/religion is at fault.
No wonder Jews get away with what they do. Whites are too busy infighting over false history demonizing various rival cults.
So, the "vultures" flew out to the West after devouring the Russian empire and now with the help of the likes of the homeboy or more like a two bit whore, Ben Sasse, they've descended on America and have started gutting it out.Arnieus , says: December 19, 2019 at 2:37 pm GMTWhere will they fly next? White Christians don't want them and black/brown Muslims can't stand them but perhaps China is their next destination being that they have shipped most of the jobs out there and the whole lot of them are marrying "Chinese-American" women in droves for good measure.
In the coming battle of the titans, the one who's name can't be pronounced, viz. Yahweh, hopefully has better guns than Jehovah and Allah, for it sure is gonna need it when the latter two gang up on it maybe Buddha will give it a helping hand being that they're practically in-laws now!
Don't think the US will fair better than Puerto Rico when the fake money dries up and there is no way to keep paying the trillions in debt.Just passing through , says: December 19, 2019 at 2:48 pm GMT@Father O'HaraUncommonGround , says: December 19, 2019 at 2:50 pm GMTMy question is how do entities like Puerto Rico get so far in debt in the first place?
For the same reason individuals get into debt, financial incompetence and sometimes a bit of bad luck.
I've personally never understood how people can take out loans from companies like Wonga or QuickQuid (both Jewish owned incidentally) seeing as they quite clearly advertise their exorbitant interest rates.
Look up income by ethnic group in the UK and US, you will find that Indians and Chinese (South Asians) are the richest in both countries (except for Jews of course).
What I have found is that these two groups come from a debt-averse culture, their kids actually live with their parents until they have saved enough money for a house and other such things required to start a family.
Whites meanwhile are WAY to trusting of these faceless financial institutions, they get into debt very easily and thus become slaves, if you have kids, the first thing you should educate them about is finance and debt, don't throw them out to the dogs either, it's tragic to see some getting into debt and then having other problems like drugs and alcohol addictions.
@AnonBoone , says: December 19, 2019 at 2:52 pm GMTI came out of that book with the utmost admiration for Bill Browder.
You don't seem to be serious, if I understood what you want to say. Even Der Spiegel has published a critical article in English about Browder, Browder is the one who pushed for sanctions against Russia because of the case Magnitsky:
Questions Cloud Story Behind U.S. Sanctions
The story of Sergei Magnitsky has come to symbolize the brutal persecution of whistleblowers in Russia. Ten years after his death, inconsistencies in Magnitsky's story suggest he may not have been the hero many people -- and Western governments -- believed him to be.
@Anonymous Sure, but you're talking utopia. The reality is that public entities issue bonds to finance special projects or even their operations. Somebody then buys the bonds and expects to be paid back.Just passing through , says: December 19, 2019 at 3:03 pm GMT@Realist There is something especially deficient with Whites when it comes to money matter, how can such a large number of Whites take short-term loans from companies like Wonga and QuickQuid, when the nature of their business (usury) is very clearly advertised. I was around 10 years old when I was astounded at the 5000% APR loans advertised on TV, and wondered if I understood interest right.Satan Became President , says: December 19, 2019 at 3:03 pm GMTParents, especially White ones, really need to educate their children on personal finance and debt, it seems a lot of Whites these days do not actually own anything and all their flashy gadgets and whatnot are being loaned out (buying Iphone on contract for example), these people are the hardest hit as they can't scrape together even a couple of hundred pounds/dollars/euros when hard times come. Its farcical albeit tragic.
Wow what a confused mess. Here's a summary: Vulture capitalism is bad for no particular reason but only an evil anti-Semite (like you) would dare criticize capitalism.Really No Shit , says: December 19, 2019 at 3:05 pm GMTAnd they want the island of Puerto Rico for themselves, save a few thousand able bodies to serve as maids and gardeners. But what about the triple-raced residents of the island itself? Well, that's easy! Dump them in states like Florida and New York and let the suckers pay for it. After all, it's not like they are going to vote for the other side we get to eat the cake and keep it too!Bookish1 , says: December 19, 2019 at 3:09 pm GMT@sally You can separate jews from Zionists but you cant separate zionist from jews. They are the same animal.Just passing through , says: December 19, 2019 at 3:10 pm GMT@J.W. https://research.calvin.edu/german-propaganda-archive/angrif03.htmMulegino1 , says: December 19, 2019 at 3:14 pm GMTAn article that appeared in Goebbels newspaper, Der Angriff (The Attack) titled "The Jew", a short excerpt that is relevant to your comment;
The Jew is immunized against all dangers: one may call him a scoundrel, parasite, swindler, profiteer, it all runs off him like water off a raincoat. But call him a Jew and you will be astonished at how he recoils, how injured he is, how he suddenly shrinks back: "I've been found out."
I think the term "vulture capitalism" is calumnious to vultures, who, as carrion birds, perform a useful and purifying function in nature.Happy Tapir , says: December 19, 2019 at 3:18 pm GMTThe Jews as a collective, i.e., the Jews who identify as such, concur in the death sentence of Christ handed down by their Sanhedrin and espouse the Talmudic mitzvah of killing the best of the gentiles (which naturally implies elevating the worst of the gentiles to power and prominence) are more to be likened to plague bearing rodents. Unlike vultures, rats feast on corruption and putrescence, spread disease and also kill the living.
We embrace the finance capitalist worldview at our peril. In its essence, it is nothing but the worship of money making and profiteering as the supreme aspiration of life, irregardless of its horrible effects on our compatriots and fellow humans. In doing so, we become Jews at heart.
There is nothing wrong with industry and the profit motive per se. Predatory finance contributes nothing to the well being of a nation and the needs of the physical economy- it is supremely toxic and corrosive of both. It must be expunged and its champions expropriated and exiled. People like the odious Peter Singer have no place in a moral world; they ought to be first expropriated, then exiled as far away from their host societies as possible.
I was personally wounded by the anti gay rhetoric peppered across this article. I can't help making the association that Paul singer's son came out as gay and that this must be the source of the author's animus against him and the others. Shakespeare, who was also homosexual, described this state of mind as "a green eyed monster," i.e. jealousy. I'm mortified that other members of the commentariat have not taken issue with this. Maybe we would be more compassionate to the denizens of middle America if they allowed our most basic civil rights.Bookish1 , says: December 19, 2019 at 3:19 pm GMT@J Adelman Oh those kind jews have always been for the working class? But there is a white working class and jews want them extinct from the face of the earth. Read 'Abolishing whiteness has never been more urgent.' By Mark LevineJimmy1969 , says: December 19, 2019 at 3:23 pm GMT@Arnieus China will then try to take us and Israel will make a deal with the winner.jack daniels , says: December 19, 2019 at 3:25 pm GMT@silviosilver You make several good points but you don't address the issue of capitalists manipulating the politicians with campaign contributions. If a fund gets paid off by public money due to politicians putting the fund owners ahead of the taxpayers, that's corrupt. What happened to the 'creative destruction' principle by which large IBs like Goldman would have been allowed to collapse and their principals carried off in leg-irons in 2008? Oh -- they are "too big to fail and too big to jail." So much for the free market myth.Desert Fox , says: December 19, 2019 at 3:39 pm GMTMoreover, most Jews support endless free money for "victim groups" to be forcibly extracted from the middle-class. Never mind if Mr. Jones has a lengthy criminal record, let's pay for him to go to college, let's pay his rent, let's pay his medical bills, etc. Why then take such a hard line on people who foolishly get into debt?
Moreover, the economic downturn that caused many mortgagors to default was CAUSED BY the big Wall Street firms' irresponsible behavior.
Also, most people do tend to temper economic contracts with a degree of compassion. Gentile capitalism does not exist in a vacuum.
I recall reading about a young female environmentalist who was refusing to leave a venerable redwood tree that was scheduled to be cut down. The WASP businessman who owned the tree was extremely patient with the girl, tried to win her over, threw her food and drinks, and so on. The land with the tree was then sold to some Jewish firm. At that point the article left off. The tree was cut down with no further negotiation.
The greatest jewish vulture fund is the zionist privately owned feral reserve aka the FED , is creates money out of thin air and feeds this money to the otherwise bankrupt zionist banks and not just here in the ZUS but in Europe, and the BIS is the vulture fund of vulture funds owned by the zionists, the biggest scam in the history of the world.Vaterland , says: December 19, 2019 at 3:39 pm GMTBy the way, Tucker Carlson said that 911 truthers were nuts, that says it all about him.
@J AdelmanIan Smith , says: December 19, 2019 at 3:49 pm GMTJewish people have always stood against
And here it comes:
tyranny against the working class,
Bolshevishm, Trotzkism and the Red Terror
the poor
Cultural Marxism
and other people of color.
Mass immigration for cheap labor, the weaponization of the grievance industry against white majority/European nations and the use for the production of anti-white race baiting media.
Much great work!! Very impressed. Would recommend to Moses himself.
But I agree, you should have a debate with Joyce.
@Colin Wright I remember seeing a clip where Jared Taylor was on some talk show. He was calmly citing statistics on how blacks are over represented among violent criminals. A sassy black women broken in with "Jeffrey Dahmer Ted Bundy they were all white!" Not her exact words but something to that effect. Naxalt, in other words.Colin Wright , says: Website December 19, 2019 at 3:55 pm GMTI don't think Joyce is suggesting that all unscrupulous capitalists are Jews, or vice versa. It is true that gentiles can be scumbags (the Enron boys.)
Now most Muslims are not terrorists, and many terrorists are not Muslims.
And yet it seems like there are many people who will notice patterns among other groups, rightfully roll their eyes when they hear PC arguments in favor of those groups, and then pull out the naxalt and what-about-isms when you notice patterns in Jewish behavior.
@Happy Tapir ' Maybe we would be more compassionate to the denizens of middle America if they allowed our most basic civil rights.'anarchyst , says: December 19, 2019 at 3:56 pm GMTThen again, maybe you wouldn't. It'd be nice if it were otherwise, but in my experience, the world doesn't work that way.
@Dutch Boy Your statement: "maximizing shareholder is the holy grail of all capitalist enterprises" statement is spot on.Ian Smith , says: December 19, 2019 at 3:58 pm GMTI've been saying that for decades.
Labor is never given value, but is a commodity-a "necessary evil" according to the Wall Street types and is to be minimized and marginalized at all costs.
Adolph Hitler's Germany monetized labor and gave it value. THAT is the reason that the jews went after Germany. Post WW1 Germany was successful in its economy due to throwing off the shackles (and shekels) of the internationalist banksters.
Henry Ford CREATED a market which had not existed when he paid his employees $5.00 per day when the average wage of the day was around $1.25 per day. His premise was not entirely altruistic as assembly line work was monotonous; a way had to be found to retain employees as well.
Of course, the wall street types and the banksters howled that Ford's wage rates would destroy capitalism (as they knew it-those at the top reap all of the benefits while the proles are forced to live on a bare subsistence wage, due to the machinations of those at the top).
Guess what??
The OPPOSITE happened. Henry Ford knew one of the basic tenets of a truly free, capitalistic society, that a well-paid work force would be able to participate and contribute to a strong economy, unlike what is taught in business schools today-that wages must be kept to a bare minimum and that the stockholder is king.
Our "free trade" politicians have assisted the greedy wall street types and banksters in depressing wages on the promise of cheap foreign labor and products.
A good example of this is the negative criticism that Costco receives for paying its employees well above market wages. These same wall street types praise Wal-Mart for paying its employees barely subsistence wages while assisting them in filling out their public assistance (welfare) forms.
Any sane person KNOWS that in order for capitalism to work, employees need to make an adequate wage. Unfortunately, this premise does not exist in today's business climate.
Henry Ford openly criticized those of the "tribe" for manipulating wall street and banksters to their own advantage, and was roundly (and unjustly) criticized for pointing out the TRUTH.
Catholic priest, Father Coughlin did the same thing and was punished by the Catholic church, despite his popularity and exposing the TRUTH of the American economy and the outsider internationalists that ran it . . . and STILL run it.
Our race to the bottom will not be without consequences. A great realignment is necessary (and is coming) . .
@lavoisier I'm not sure I'd put Buffett in that category. For example, in one of the companies he bought, he kept a factory with declining profits open as long as he could to avoid throwing a large chunk of people out of work overnight. He has mostly made his money by avoiding dopey fads and a disciplined buy-and-hold approach to stocks.Colin Wright , says: Website December 19, 2019 at 4:04 pm GMT@J Adelman ' Jewish people have always stood against tyranny against the working class, the poor and other people of color." 'Really No Shit , says: December 19, 2019 at 4:08 pm GMTRight. I'd say Jews actually collaborated extensively in the imposition of tyranny on the working class in Eastern Europe from 1917 to 1991. That'd be one counter-example. Should we explore others? The role of Jews in the medieval slave trade? After all, somebody had to castrate all those Christian boys who were to serve as harem guards.
No reason to dredge up ancient history -- except here you are, making a blatantly false claim about it. 'Always stood against ', my ass.
They are gunning for India now who do you think that brought in the Turks who ruled as the Moguls to exploit the Hindu wealth and later on who did in the Muslims?Colin Wright , says: Website December 19, 2019 at 4:09 pm GMTDisraeli and his ilk always knew that India was poor but their temples were rich with gold and it's that they are after one can't build one's own "Third Temple" without it.
Why are the black cohens being promoted (South Brahmins the most pliable ones) at Google, Microsoft and Pepsi etc.? Because the waterboys, and girls, will help rope in what's left of the Indian carcass for thirty pieces of silver!
@sally 'There are many venture capitalist that are not Jewish 'Rebel0007 , says: December 19, 2019 at 4:19 pm GMTCould you list them?. Name them and add them -- rank them in the list Joyce provides.
I'm perfectly willing to believe you -- but you've got to provide the data. After all, I can hardly go looking for unnamed venture capitalist firms.
Vulture corporatism = U.S. corporations consuming consumers.J Adleman , says: December 19, 2019 at 4:20 pm GMT@secondElijah You are probably the most antisemitic troll I have ever met online.Wally , says: December 19, 2019 at 4:24 pm GMT
So, when did Epstein and Weinstein become the standard bearers of the Jewish community?
It is your jealousy of the Jewish people that makes you spew such vile hatred here.
Smug, obnoxious white people like you who have always considered this country their private preserve are an endangered species. The demographic trends cannot be denied.
In less than 25 years white folks will become a minority in this country. So enjoy it while you can, Bubba, your days of driving the bus are numbered.
You and other whites here are like the bad guys in every horror movie ever made, who gets shot five times, or stabbed ten, or blown up twice, and who will eventually pass -- even if it takes four sequels to make it happen -- but who in the meantime keeps coming back around, grabbing at our ankles as we walk by, we having been mistakenly convinced that you were finally dead this time. Fair enough, and have at it. But remember how this movie ends. Our ankles survive.
YOU DO NOT.@Just passing through – What "WASP looting" was that?Rev. Spooner , says: December 19, 2019 at 4:27 pm GMT– And what "deal" was supposedly struck?
Y0u have no clue.
@Saguaro The soup has boiled over, the horse has bolted and the barn has burnt down and yet you Yankees haven't woken up.Your politicians are whores who cannot function without funding from the jews. And Jeffery got them all for Mossad. EnjoyJust passing through , says: December 19, 2019 at 4:29 pm GMT@Vaterland The "standing up for People of Color" schtick is particularly disingenous, as all the Jews have really done isuse their disproportionate control of the media to peddle false narratives and distort history. One good example of this is the case of then president of the Atlanda chapter of B'nai B'rith, Leo Frank. Frank had raped and murdered 13 year-old Mary Phagan and when he was found out, he used his connection with New York Jews to get lots of money and hire the best defence lawyers, his lawyer then launched vicious racial attacks on a Black semi-literate janitor who worked in the factory that Frank was in charge of (and where Phagan worked) to try and convict him of the horrible crime.Richard B , says: December 19, 2019 at 4:34 pm GMTJews will be friends of POC when it suits them. The funny thing about the Frank case is that the Jewish media has made it out that Frank was innocent and wrongly lynched (only after his death sentence had been commuted by a judge who was suspected to have been bribed by powerful New York Jews), and that the Black janitor was the guilty one. This is absurd seeing as the racist Southern jury would never favour a "White" man over a Black man (anti-semtism wasn't that big in the South, and especially so considering this was before the Bolsheviks took control of Russia), and that if Frank had truly been White, this case would be a landmark case in which the evil rich White man was tried and the Black man was given justice.
Blacks are slowly wising up though.
@Anon Bravo!Wally , says: December 19, 2019 at 4:35 pm GMTHands down one of the best comments on Jewish Supremacy Inc.'s psychopathy, lack of accountablity and corresponding projection.
Of course, you thought you were doing something else.
@BannedHipster True desperation:World Citizen , says: December 19, 2019 at 4:37 pm GMT– One questionable, alleged example in Rome, hardly "WASP", which you consider to be a trend.
– Then you site a contemporary fringe Jew, born after WWII, who you count on to explain things.
And finally, your hasbarist dead give away:
" Jews are blameless, yet again another White ethnicity/religion is at fault. ""Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!"Just passing through , says: December 19, 2019 at 4:38 pm GMTIslam stands in their way of usury-ripping of mankind of their resources and defrauding mankind via bank thefts.
Bring on the Shariah Law. I would much rather live under Shariah, God's Constitution than under Euoropean/Western diabolic, satanic, fraudulent monies, homosexual, thievery, false flag hoaxes, WMD's, bogus wars, Unprovoked oppression, tel-LIE-vision, Santa Claus lies, Disney hocus pocus , hollywood, illuminati, free mason, monarchy, oligarchy, millitary industrial complex, life time congressman/senators, upto the eye balls taxation, IRS thievery, Fraudulent federal reserve, Rothchild/Rockerfeller/Queens and Kings city of London satanic cabal, opec petro$$$ thievery, ISISraHELL's, al-CIA-da hoaxes, Communist, Atheist, Idol worshippers, Fear Monger's, Drugged and Drunken's oxy crystal coccaine meth psychopath, child pedeophilia, gambler's, Pathological and diabolical liars, Hypocrites, sodomites ..I can't think of any right now, because my mind is exploding with rage because of these troubling central banker's satanic hegemony!
Quran Chapter 30
39. The usury you practice, seeking thereby to multiply people's wealth, will not multiply with God. But what you give in charity, desiring God's approval -- these are the multipliers.
40. God is He who created you, then provides for you, then makes you die, then brings you back to life. Can any of your idols do any of that? Glorified is He, and Exalted above what they associate.
41. Corruption has appeared on land and sea, because of what people's hands have earned, in order to make them taste some of what they have done, so that they might return.https://www.youtube.com/embed/QlunSNY5B48?feature=oembed
@Really No Shit Jews are doing to White countries what Whites and Jews did to India, no honour amongst thieves, the ones with the higher verbal IQ wins.Realist , says: December 19, 2019 at 4:41 pm GMTAlso it is important to note that the reason India came under the sway of Anglo-Zionist banking cartels so easily was because how divided it was, I reckon that is why they are promoting mass immigration. Import lots of different groups, then run lots of race-baiting stories to distract the plebs from their financial machinations.
This is why Jews are well represented in non-antisemitic White Nationalist organisations like Jared Taylor's AmRen, they are great at playing both sides.
@AdrianJust passing through , says: December 19, 2019 at 4:44 pm GMTAnd he funded the building of the Peace Palace ("Vredespaleis") in The Hague, presently the seat of the International Court of Justice, an institution not held in high esteem in the home country of the generous donor.
That wasn't his intent.
@Wally You can act confused all you want, you know exactly what I am talking about, the fact of the matter is Whites like you and Joyce would be laughing it up at countries/territories like Puerto Rico, Congo, Vietnam etc etc being carved up and financially enslaved if Whites were also allowed a piece of the pie along with Jews (as was the case in the days of the British Empire when WASP's and Jews worked together), but now that the low-IQ countries have been looted, the Jews have turned on the Whites and the latter are now crying that their criminal comrades have now betrayed them.Germanicus , says: December 19, 2019 at 4:48 pm GMTYou quite clearly have a clue, you are just terrified and trying to divert because I am right, the Jews will do to the White nations what the White nations and Jews did to the non-White nations. All I can say is that you WASPs should have kept to youselves like Eastern Europeans and Eastern Asians, they didn't really engage in lofty ambitons to dominate the world and as such are intact at the moment and seem like they will remain that way for a long time, they are the true conservatives, WASPs have always had a Jewish streak within their corrupt souls and are now paying the price for engaging with a criminal race.
Why do you think Epstein has all these Gentiles in his pocket? You think do-gooding gentiles just randomly decided to get into bed with Epstein and Co.? How many East Asians and Eastern Euros do you see terrified of being outed as paedophiles.
Don't deceive yourselves, all debts are paid in the end, especially when the creditors are Jews.
@Adrian They are a function of Empire in Hague, who protect empire criminals, and assume a non existent legitimacy and jurisdiction as a private entity to take down empire opponents.Richard B , says: December 19, 2019 at 4:48 pm GMT
It is the very same kangaroo court as the IMT or Tokio show trials.@Bardon KaldianRichard B , says: December 19, 2019 at 4:58 pm GMTOf course that Joyce is peddling his own obsessions
Psycho-babble explains nothing.
It's a shame you include that remark in an otherwise on target comment.
@J Adleman When you're called an antisemite in the first line you know you've hit a nerve.Common sense Giuseppe , says: December 19, 2019 at 5:02 pm GMTTreason Against Jewish Supremacy Inc. Is Loyalty To Humanity!
Oh, it's ok for Noel Ignatiev to not only say
Treason Against Whiteness* Is Loyalty To Humanity,
but to actually "teach" it at Harvard.
And then protect himself and his ilk with accusations of "Hate Speech."
No wonder he died of colon cancer. He was always full of shit.
*typical of JSI to indulge in verbal weasling; by "Whiteness" he means Whites.
By the way, accusations of antisemitism don't work anymore.
It means nothing to us.
If anything, Supremacists like you make it a badge of honor.
Since you use at the drop of a hat.
In the book "Heaven is for real" a 4 year old boy who supposedly is dead for a short period, but actually visits heaven; when he returns, is asked : what is the meaning, the purpose of life on earth?Germanicus , says: December 19, 2019 at 5:05 pm GMTHis response is so simple, that it could only be true. And it could only come from knowing
"It's a contest between good and evil"
Evil
@Just passing throughaandrews , says: December 19, 2019 at 5:07 pm GMTDon't deceive yourselves, all debts are paid in the end, especially when the creditors are Jews.
It is a mathematical impossibility due to interest. The FED probably goes negative interest like ECB mafia.
Chances are higher they do a reset and start anew with an electronic ponzi scheme.
No one seriously plans to pay these "debts", they can't be paid, and are actually a nothing burger, pure fiction." it is truly remarkable that vulture funds like Singer's escaped major media attention prior to this ."DaveE , says: December 19, 2019 at 5:08 pm GMTNot really. The Jew's grip is starting to slip now, though. More and more people are becoming aware that they are virulent parasites and always have been.
@Mulegino1 Real capitalism is the competition of ideas, innovation, efficient manufacturing and quality products made and produced by honest companies. That competition can, in theory at least, make people (and companies) "try harder". But only when a company's success is determined by the strength of its products, not by the "deals" it cuts with Jewish financial, advertising, "marketing" and swindling rackets, designed to line the pockets of the Jew while destroying honest competition by Gentiles who struggle to play fair and innovate.Mulegino1 , says: December 19, 2019 at 5:08 pm GMTJewish vulture "capitalism" contributes NOTHING of value to any company or any culture. It never has and never will.
@J AdlemanIlya G Poimandres , says: December 19, 2019 at 5:09 pm GMTYou and other whites here are like the bad guys in every horror movie ever made, who gets shot five times, or stabbed ten, or blown up twice, and who will eventually pass -- even if it takes four sequels to make it happen -- but who in the meantime keeps coming back around, grabbing at our ankles as we walk by, we having been mistakenly convinced that you were finally dead this time. Fair enough, and have at it. But remember how this movie ends. Our ankles survive.
YOU DO NOT.Talk about deflection. Any nation, empire, culture or civilization wherein the Jewish collective gains critical mass and ultimately absolute power turns into a real horror, not a movie. The Jews may be said to be the true prototype of the "bad guys in every horror movie", since they can only be gotten rid of by very rigorous means taken in the healthiest and most vigorous cultures and societies. Indeed, antisemitism itself is the healthy immunological reaction of a flourishing culture, and its lack thereof the pathology of a moribund one.
Woke Christians of European provenance have nothing to envy the Jew (the archetypal Jew) over. We realize that the true measure of success is not primarily monetary or the fulfillment of cheap ambitions, but a spiritual and cultural one. On the contrary, the Jewish hatred against Christian Europe and the civilization that it constructed is engendered out of sheer envy and malice, because Jewry understands that is would never be capable of constructing anything similar, and never has. In all of the arts, Jewry has produced nothing of note.
This is not to say that individual Jews have not made contributions to the arts and sciences, but they have done so only by participation in gentile culture, not qua Jews. Jewry only tears down and deconstructs; it is not creative in the sense of high art, and can thrive only in the swamp of gentile decadence and moral putrefaction. Whatever Jewry touches, it turns to merde.@AnonRebel0007 , says: December 19, 2019 at 5:11 pm GMTIntelligence
European Jewish IQ has only gone 1/2 a standard deviation above the white norm in the last 100 years. Interesting to know why, but the belief Jews have always been more intelligent is just lack of data.
bias for co-operation
Nazis did this too – they worked reaaally well with each other. The issue was how they thought of and treated others.
That aside, I think we daily meet plenty of individuals who'd sell their mothers, and maybe kill lives, for pennies. They are like machines not even conscious of what they are doing.
Your 1 data point aside, are you saying all humans act in identical ways, regardless of how the ideologies they embrace ask them to act?
Take the ideology of Islam – it does not allow for aggressive war, surprise attacks, the killing of women or children (unless they take up arms)..
Judaism allows for aggressive war, surprise attack, and demands the killing of all when a state of war is declared.
Do you believe these declarations lead to identical actions by their practitioners? (in other words – people act how they would wish to act, and don't really engage in any belief systems beyond what pulls their own selves?)
So, it's the usual with Joyce (and not only Joyce of course). You take something that is human, talk of Jews, point to that something in Jews, and pretend, trusting that your readers will pretend the same, that it's a Jewish-specific something.
Yes, correct – no ideology is perfect at taming human action, and corruption is a human action, not a Jewish action. But we could still engage in comparative ideology, and this is what Joyce (and not only Joyce, of course) engage in.
Saying 'well, all peoples engage in force and deceit, so is there any actual difference between them and their beliefs?' is absurdism. In such a world, I will build a nation of priests, fashioned along the lines of the Aztek priesthood. Give me your children so I can rip out their hearts and make it rain – after all 'we are all the same'!!
The argument is that, for the proportion of the population, the fraction of monopoly power in Western economies that is taken up by Jewish power is much disproportional to other nations/belief systems.
It is fair to ask whether people who engage in other belief systems have the same level of desire for monopoly, just less skill to get it due to their belief systems.. I would say yes, they have the same level of desire (we are all human after all (not that if you read chapter 1 of the Tanya, you will be offered that point of view)) – but that their belief systems specifically push them away from materialism and desire for money and power, even at the expense of others. That is the exact point of religion (self-improvement) btw, so the next question is – is the Jewish religion effective?
At which point, the Jewish ideology becomes the wolf in the hen house – because it fails to tame the human away from such materialistic desire (as it btw claims it does best).
Should the hens be allowed to point out what they see as a wolf? Yes.
That the supposed wolf then obfuscates and justifies their actions by pointing to others, mostly, betrays that it is, in fact, a wolf.
I have become totally disenchanted with the SEC. Stupid, Evil, Crazy! It would not surprise me if they are the ones that have been terrorizing me, with stupid, evil, crazy chants through appliances after illegallly implaced RFIDs, microchips, or sensors illegally implanted in my ears and nose that started after my first phone was hacked in 2017! Can't expect stupid people not to be stupid, evil people not to be evil, and crazy people not to be crazy! They were just born that way!9/11 Inside job , says: December 19, 2019 at 5:25 pm GMT@J Adleman brookings.edu : "The US will become minority white in 2045 Census projects " :Agent76 , says: December 19, 2019 at 5:33 pm GMT
"During that year [2045] whites will comprise 49.7 per cent of the population in contrast to 24.6 per cent for Hispanics , 13.1 per cent for Blacks , 7.9 per cent for Asians and 3.8 per cent for multi-racial populations " Are these projections good or bad for the "Jewish people " ?Jan 28, 2010 The Creature From Jekyll Island (by G. Edward Griffin)Wyatt , says: December 19, 2019 at 5:38 pm GMTA Second Look at the Federal Reserve
https://www.youtube.com/embed/lu_VqX6J93k?feature=oembed
Nov 22, 2013 Thomas DiLorenzo – The Revolution Of 1913
From the Tom Woods show Loyola economics professor Thomas DiLorenzo discusses three events from 1913 that greatly escalated the transmogrification of America from the founder's vision (limited government) to its current state (unlimited government).
https://www.youtube.com/embed/Fj4HyL8pOy0?feature=oembed
@silviosilver Yes, and just because you can doesn't mean you should. And if there's a predilection among jewish men to engage in predatory lending and collecting tactics that is disproportionate to their of the population, there's something about their genes or their culture that shapes them to be this way.Robjil , says: December 19, 2019 at 5:39 pm GMTAlso, notice how you left out the part where they jack up the interest rates and debtor's fees to grossly inflate their income. Is there a reason to do this other than as a quick way to make money off already impoverished people? It's kind of like opening up a rent to own place in a low income place. The people who do that shit know exactly why they should set up among poor people; low wealth and bad decision making abound.
And yes, it does seem to be particularly jewish given how many jews are involved in its practice and given that it used to be frowned upon in Christian Europe. Hell, God himself (as Jesus) went and beat the shit out of a bunch of jews for their money lending in the temple. That's the best part of the Bible, frankly. God gets so sick of the his own chosen people that he sends himself to chastise and whip them for their greed and hubris. No lesson was learned.
And then they killed him. And they lost their homeland for 2000 years. And then were kicked out of a hundred plus kingdoms, cities and countries. And then a miserable liberal shows how vile and stupid their children are:
https://www.youtube.com/embed/1e_dbsVQrk4?feature=oembed
You know, maybe instead of making excuses, you can just acknowledge the wrongdoing and acknowledge that some jews are particularly malicious. Cuz eventually, people are gonna get sick of the shit jews pull and see jewish (or gentile zionist) people defending their obvious misdeeds and get pissed at them as well. Remember, the well is open to everyone.
@Onebornfree Freedom of speech would solve the problem. That is step one.More R1b, Less H1B , says: December 19, 2019 at 5:45 pm GMTThe next step to stop this menace is Usury control.
On 12.23.1913 FED – Jewish banksters took over the western world through the control of the US money supply.
The first century of Zion began that day. It was the most murderous century of all : WWI for the Balfour, WWII for Israel.
The second century of Zion rule began on 12. 23. 5761, Jewish calendar for 9.11.2001. It just as murderous as the first Zion century.
If we had a free press that calls out the Jewish Zion Mafia that in itself would solve the problem.
This Zion Mafia is destroying our planet faster than any Climate Change or any pollution.
Yet, we can not speak about it. It is anti-S to speak about what the Big Js do.
Onebornfree, the J mafia roams the world without being bound to any nation. A nation-less world would not stop their menace.
The best way to stop this world wide menace is free speech to talk about it. Usury control is the next step to end this menace to our planet.
@LotMefobills , says: December 19, 2019 at 5:51 pm GMTBesides being retardedly wrong, the broader point is likewise retarded: when English-speaking Jews name their businesses they shouldn't use English words. Naming a company "Oaktree" should be limited to those of purely English blood! Jews must name their companies "Cosmopolitan Capital" or RosenMoses Chutzpah Advisors."
Telling that you go with hyperbole here: the only two options must be Albion Whyteman Capital or Foreskin-Chewing Pornographers Incorporated!
There are two interesting things about the onomastics of the prepuce-free business world. One is that far fewer sons of Abraham name their businesses after themselves (I'm sure this will insincerely be attributed to some fear of native kulaks' repressed urge-to-pogrom, even in Finland or Japan.) The other is an observation made by an associate of a famous Austrian landscapist: even merely remarking on their origins causes these guys mental distress.
Here in the melting pot, the difference couldn't be any starker. You can make small talk with any flavor of goy based on it: that's a Polish name, isn't it? Yeah, how did you know! Try this one with Levy or Nussbaum down at The Smith Group or The Jones Foundation and watch them plotz.
Jews have always weaponized usury. Long before Christianity, Jews operated the East/West mechanism on donkey caravan trade routes. Silver would drain from the West, and Gold would drain from the east, while Jewish caravaneers would take usury on exchange rate differences. This operated for thousands of years.Digital Samizdat , says: December 19, 2019 at 6:01 pm GMTHaibaru donkey bones have been discovered outside of Sumer. The Aiparu/Haibaru (Hebrew) tribes were formed as merchants operating between city states. In those days, psychopaths and criminals would be excommunicated from civilized city states, and would take up with the wandering merchant tribe.
Why do you think the Jew is always interested in owing the money power? Why do you think the Jew perpetually stands outside the walls of the city state, plotting its destruction?
History tells us things, and we had better listen. That is – real history, not what you learned in (((public skool))). There are two ways to deal with the Jew: 1) Remove him from your country. 2) Limit him.
Limiting was done by Byzantium under Justinian. The Jew was limited FROM money counting/banking; limited from participation in government; limited from access to pervert young minds – especially as school teachers and professors.
It takes a King or Tsar who cares about his population, and is willing to eject or filter out toxins from the body politic. (((Democracy))) is a failed form of government, whereby monied Oligarchs control the polity by compromat and pulling strings.
You are not going to be able to vote your way out of the Jew problem.
@Colin Wright Echoing words once supposedly used by Hermann Goering: whenever I here the word 'philanthropist' these days, I instinctively reach for my revolver!Agent76 , says: December 19, 2019 at 6:03 pm GMTJan 23, 2012 Why the Constitution Had to Be Destroyed | Thomas J. DiLorenzoMefobills , says: December 19, 2019 at 6:07 pm GMTArchived from the live Mises tv broadcast, this lecture was presented by Tom DiLorenzo at the Mises Circle in Houston on 14 January 2012.
https://www.youtube.com/embed/wDyDxgJuaDY?feature=oembed
@Ilya G PoimandresRobjil , says: December 19, 2019 at 6:18 pm GMTTake the ideology of Islam – it does not allow for aggressive war, surprise attacks, the killing of women or children (unless they take up arms)..
Ilya,
There is deception in Islam. Sorry. You cannot make claims about Islam not allowing for aggressive war and surprise attacks.
These concepts even have names and doctrine that support them. Wahabbi/Salafist Islam is exactly in alignment with Islamic teachings, especially when using abrogation techniques.
Taqiyya is lying with intent to deceive. The analog in Judaism is the Kol-Niedre, which allows one pre-forgiveness for lying, cheating, even murder of Goyim.
Hudnas is are used to lay in wait, build up strength, to then attack the enemy.
Islam has derogatory terms to demean e.g. Kaffirs, which is similar to Goyim.
There is also deception in Christianity, but this deception is OUT OF ALIGNMENT WITH DOCTRINE. The doctrine of super-session means the old testament is superseded, completed, a historical record.
In Islam the doctrine of Abrogation means that the more pacific Meccan verses are abrogated (made less relevant) that post Medina. Ergo, Wahabbi Islam and the Takfiri's are doctrinaly correct, while Judaizer Christians (those that worship the old testament) are out of alignment and heretics.
Judaism is actually a new religion that came into being after 73 AD, when the verbal tradition (Caballa) became written down into Talmud.
Our Jewish friends have always been practicing usury, going back to since forever.
Our Jewish friends, I count as worse that Islamics. However two wrongs don't make a right. Islam badly needs reform or to be expunged. Talmudic Judaism is by far the worst religion on the planet, and its adherents must malfunction by definition.
@9/11 Inside job Jewish bigwigs think that the world will be their oyster if there are less White Euros in the world.Mefobills , says: December 19, 2019 at 6:20 pm GMTYet, Jewish Advisors have been at the top of white Euro nations for centuries as their oyster to pillage the planet.
Non-White Euro people may not be so welcoming to Jewish Advisors at the top telling to them to go to war or pillage their fellow non-White Euros.
I don't think that the big Jews at the top thought this out too much.
@OnebornfreeRebel0007 , says: December 19, 2019 at 6:30 pm GMTo ..kill all the Jewish, er, "vulture capitalists" , right? Or should we go "easy" on them all and merely ship them all off to special "re-education" camps? Or am I missing something here ?
You are missing something because you are unwilling to adapt and learn with new information. This makes you an ideologue.
Lolbertarianism IS A JEWISH CONSTRUCT.
There are no such things as free markets. Money's true nature is law, not gold. Money didn't come into being with barter and other nonsense lolbertarians believe.
Most of the luminaries that came up with "libertarian" economics are Jews, and it is a doctrine of deception. The idea is to confuse the goyim with thoughts and ideas that make them easy pickings.
A determined in-group of predators operating in unison, will take down an "individual" every-time.
Don't expect anything to improve with Jay Clayton as SEC Chair, and his wife and her father Gretchen Butler Clayton who was CEO of CSC and mysterious WMB Holdings which share the same address in addition to many Goldman Sachs divisions. Gretchen was employed by Goldman Sachs as an attorney from 1999-2017. Many companies affiliated with the Panama Papers share the same address as well.alex in San Jose AKA digital Detroit , says: December 19, 2019 at 6:34 pm GMTSecrecy has expanded under Clayton.
Jewish people have treated me better than my own White Euro family.Digital Samizdat , says: December 19, 2019 at 6:36 pm GMTJews are tribal, gee what a surprise after 1000's of years of people trying to wipe them out . and so their charity is within the tribe, but there is no charity within the tribe among Whites.
Jews, along with Asians and at least some Africans, believe in not just climbing the ladder, but in actually helping others – at least family – up it also. Whites believe in climbing the ladder and then pulling it up after them.
I was explaining to a friend recently: My (relative) has proven that if I showed up at their door, starving, they'd not give me a cheese sandwich, while in my experience, strangers have been overall a fairly kind lot and a stranger, 50/50, might. Therefore, while I find the idea of robbing or burning down the house of a stranger abhorrent, I don't mind the idea so much when it involves a person who's proven to be cold and evil.
For more on this, see the book Angela's Ashes. The Irish family could have stayed in New York where they were being befriended by a Jewish family. There was a ray of hope. The Irish kids, at least, would have been fed, steered into decent schooling, etc. But foolishly they went back to Ireland, to be treated like utter dogshit by their fellow White family and "people".
Most of the predation going on in the US and worldwide is being done by WASPS who are using Jews as a convenient scapegoat.
@tono bungay Feel free to offer us some counter-examples, tono. How many such funds to you know of that aren't disproportionately Jewish? We're all ears!Robjil , says: December 19, 2019 at 6:56 pm GMT@Robjil This is an example of what I was saying. Less Euro whites in the world is not going to be a good world for Big Js. Non-Euros believe in freedom of speech.jack daniels , says: December 19, 2019 at 7:00 pm GMThttps://www.abeldanger.org/vulture-lord-paul-singer-postmodern/
Jewish Bigwigs can't get control of businesses in East Asia. They have been trying. Paul Singer tried and failed. In Argentina he got lots of "success". Why? Lots of descendants of Europeans there went along with "decisions" laid out by New York Jews.
Little Paulie tried to get control of Samsung. No such luck for him in Korea. In Korea there are many family monopolies, chaebols. A Korean chaebol stopped him. Jewish Daniel Loeb tried to get a board seat on Sony. He was rebuffed.
I was moved to reflect on the universality of this theme recently when surveying media coverage on Korean and Argentinian responses to the activities of Paul Singer and his co-ethnic shareholders at Elliott Associates, an arm of Singer's Elliott Management hedge fund. The Korean story has its origins in the efforts of Samsung's holding company, Cheil Industries, to buy Samsung C&T, the engineering and construction arm of the wider Samsung family of businesses. The move can be seen as part of an effort to reinforce control of the conglomerate by the founding Lee family and its heir apparent, Lee Jae-yong. Trouble emerged when Singer's company, which holds a 7.12% stake in Samsung C&T and is itself attempting to expand its influence and control over Far East tech companies, objected to the move. The story is fairly typical of Jewish difficulties in penetrating business cultures in the Far East, where impenetrable family monopolies, known in Korea as chaebols, are common. This new story reminded me very strongly of last year's efforts by Jewish financier Daniel Loeb to obtain a board seat at Sony. Loeb was repeatedly rebuffed by COO Kazuo Hirai, eventually selling his stake in Sony Corp. in frustration.
Here is how the Koreans fought off Paul Singer.
The predominantly Jewish-owned and operated Elliott Associates has a wealth of self-interest in preventing the Lee family from consolidating its control over the Samsung conglomerate. As racial outsiders, however, Singer's firm were forced into several tactical measures in their 52-day attempt to thwart the merger. First came lawsuits. When those failed, Singer and his associates then postured themselves as defending Korean interests, starting a Korean-language website and arguing that their position was really just in aid of helping domestic Korean shareholders. This variation on the familiar theme of Jewish crypsis was quite unsuccessful. The Lee family went on the offensive immediately and, unlike many Westerners, were not shy in drawing attention to the Jewish nature of Singer's interference and the sordid and intensely parasitic nature of his fund's other ventures.
Cartoons were drawn of Singer being a vulture.
Other cartoons appearing at the same time represented Elliott, literally, as humanoid vultures, with captions referring to the well-known history of the fund. In the above cartoon, the vulture offers assistance to a needy and destitute figure, but conceals an axe with which to later bludgeon the unsuspecting pauper.
ADL got all worked about this. The Koreans did not care. It is reality. Freedom of speech works on these vultures. The west should try some real freedom of speech.
After the cartoons appeared, Singer and other influential Jews, including Abraham Foxman, cried anti-Semitism. This was despite the fact the cartoons contain no reference whatsoever to Judaism – unless of course one defines savage economic predation as a Jewish trait. Samsung denied the cartoons were anti-Semitic and took them off the website, but the uproar over the cartoons only seemed to spur on even more discussion about Jewish influence in South Korea than was previously the case. In a piece published a fortnight ago, Media Pen columnist Kim Ji-ho claimed "Jewish money has long been known to be ruthless and merciless." Last week, the former South Korean ambassador to Morocco, Park Jae-seon, expressed his concern about the influence of Jews in finance when he said, "The scary thing about Jews is they are grabbing the currency markets and financial investment companies. Their network is tight-knit beyond one's imagination." The next day, cable news channel YTN aired similar comments by local journalist Park Seong-ho, who stated on air that "it is a fact that Jews use financial networks and have influence wherever they are born." It goes without saying that comments like these are unambiguously similar to complaints about Jewish economic practices in Europe over the course of centuries. The only common denominator between the context of fourteenth-century France and the context of twenty-first-century South Korea is, you guessed it, Jewish economic practices.
The Koreans won. Paulie lost. Good win for humanity. The Argentines were not so lucky. They don't have freedom speech like the Koreans and East Asians have.
In the end, the Lee strategy, based on drawing attention to the alien and exploitative nature of Elliott Associates, was overwhelmingly effective. Before a crucial shareholder vote on the Lee's planned merger, Samsung Securities CEO Yoon Yong-am said: "We should score a victory by a big margin in the first battle, in order to take the upper hand in a looming war against Elliott, and keep other speculative hedge funds from taking short-term gains in the domestic market." When the vote finally took place a few days ago, a conclusive 69.5% of Samsung shareholders voted in favor of the Lee proposal, leaving Elliott licking its wounds and complaining about the "patriotic marketing" of those behind the merger.
@jack daniels Now that I think about it, it was unfair to make an anecdotal judgment that Jewish lenders are less forgiving. There are plenty of examples, I'm sure, of compassionate Jews and flinty gentiles.Digital Samizdat , says: December 19, 2019 at 7:01 pm GMTFinally! An intelligent criticism of Trump for a change. So tired of the brainless Democrat/MSM impeachment circus. They make me feel like a reflexive MAGAtard just for defending the constitution, logic, etc., from their never-ending stream of inanities. Meanwhile, the real problem with Trump is not that he's Hitler; it's that he's not Hitler enough!Rebel0007 , says: December 19, 2019 at 7:04 pm GMTI am also so tired of Zionist-loving cucks bleeting on about the evils of the CRA without ever considering the role played by the (((profiteers))) who lobbied such policies into law in the first place. Realize that what Paul Singer does for a living used to be illegal in this country up until recently. That's right: US bankruptcy law used to forbid investors from buying up debt second-hand at a discount and then trying to reclaim the entire face value from the debtor. But I see all kinds of people even on this thread blaming the victim instead -- 'Damn goyishe deadbeats!' Whatever
What Singer and the other Jewish vultures engage in is not productive, and isn't even any recognisable form of work or business. It is greed-motivated parasitism carried out on a perversely extravagant and highly nepotistic scale. In truth, it is Singer and his co-ethnics who believe that money can be printed on the backs of productive workers, and who ultimately believe they have a right to be "showered by free stuff promised by politicians."
Nuff said?
Dr. John R. Hall of ICAACT.org says that approximately 300,000 Americans have had micro-chips illegally implanted in people.Desert Fox , says: December 19, 2019 at 7:06 pm GMTDo you think that it is a coincidence that there are approximately 300,000 names associated with the Panama Papers?
@Robjil Agree.renfro , says: December 19, 2019 at 7:16 pm GMT@anonthe grand wazoo , says: December 19, 2019 at 7:19 pm GMTTo what extent is Jewish success a product of Jewish intellect and industry versus being a result of a willingness to use low, dirty, honorless and anti-social tactics which, while maybe not in violation of the word of the law, certainly violate its spirit?
The last Gentleman on WS was not a Jew. Bring back the WASP. You can maintain your honor, and manners and still succeed. Jews take the easy low road of deception and cheating. WASP take the higher road of harder work and ethical business practice.
WALL STREET'S LAST GENTLEMAN, Richard Jenrette
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The courtly Mr. Jenrette, who has been dubbed "the last gentleman on Wall Street" earned this sobriquet largely for his reputation of being particularly sensitive to the human dimension in an industry where such matters often get sidestepped. Nonetheless, despite Mr. Jenrette's modest demeanor, he's risen to the top in an often cutthroat business. He remained with Donaldson Lufkin through good times and bad, guiding it after its two other founding partners departed for other ventures and, next month, he will step down as the chairman of the Securities Industry Association, the brokerage trade group.
"Dick has been the one who carried the firm from its original promise through to closure," said Samuel Hayes 3d, an investment banking professor at the Harvard Business School.
"Dick's more in tune with human values and that's not frequently found on Wall Street."Richard Jenrette, 89, Wall Street power, Raleigh native, dies
https://www.wral.com › richard-jenrette-89-wall-street-power-and-preserva
Apr 23, 2018 – A courtly, soft-spoken North Carolina native whom The New York Times once called the "last gentleman on Wall Street," Jenrette (pronouncedWall Street's 'last gentleman' left behind these 24 lessons about life and success: At the time of his death late last month due to complications from lymphoma, these couple dozen rules to live by were left on his desk.
Stay in the game. That's often all you need to do -- don't quit. Stick around! Don't be a quitter!
•Don't burn bridges (behind you)
•Remember -- Life has no blessing like a good friend!
•You can't get enough of them
•Don't leave old friends behind -- you may need them
•Try to be nice and say "thank you" a lot!
•Stay informed/KEEP LEARNING!
•Study -- Stay Educated. Do Your Home Work!! Keep learning!
•Cultivate friends of all ages -- especially younger
•Run Scared -- over-prepare
•Be proud -- no Uriah Heep for you! But not conceited. Know your own worth.
•Plan ahead but be prepared to allow when opportunity presents itself.
•Turn Problems into Opportunities. Very often it can be done. Problems create opportunities for change -- people willing to consider change when there are problems.
•Present yourself well. Clean, clean-shaven, dress "classically" to age. Beware style, trends. Look for charm. Good grammar. Don't swear so much -- it's not cute.
•But be open to change -- don't be stuck in mud. Be willing to consider what's new but don't blindly follow it. USE YOUR HEAD -- COMMON SENSE.
•Have some fun -- but not all the time!
•Be on the side of the Angels. Wear the White Hat.
•Have a fall-back position. Heir and the spare. Don't leave all your money in one place.
•Learn a foreign language.
•Travel a lot -- around the world, if possible.
•Don't criticize someone in front of others.
•Don't forget to praise a job well done (but don't praise a poor job)
•I don't like to lose -- but don't be a poor loser if you do.
•It helps to have someone to love who loves you (not just sex).
•Keep your standards high in all you do.
•Look for the big picture but don't forget the small details."Permit me to issue and control the money of a nation and I" care not who makes its laws"Robjil , says: December 19, 2019 at 7:23 pm GMT
That is what Mayer Amschel Rothchild said in the 1750s. Now, is it a stretch of my imagination to believe the Central Banks of the West, all Jewish controlled, would unfairly favor their 'own' when issueing or disbursing the money they are permitted to create.
We are not allowed to audit the Federal Reserve, so we know not what they do with it beyond what they tell us. In 2016 it was discovered that between the year 1999 and 2016 well over $23 trillions had been stolen from just 2 departments of our government, the DoD and HUD. (Someone should look at NASA). Is it possible the seed money, for not only Venture capitalists schemes but also buying governments and law makers, has been diverted, shoveled out of the back door of these corrupt central banks and into the hands of their fellow jews?
Anyway, the more exposure articles like this get the closer we get to ending their reign.This Paul Singer is a true world wide criminal. His firm started in 1977, all his four partners where fellow Jews.Ilya G Poimandres , says: December 19, 2019 at 7:28 pm GMThttps://www.abeldanger.org/vulture-lord-paul-singer-postmodern/
As I noted in my previous examination of contemporary Jewish usury, Jews have been at the forefront of innovation in debt for many centuries, and remain its most adroit auteurs. Although obviously rooted in centuries of Jewish financial practice, Singer and his co-ethnics (all four equity partners of Elliott are Jewish, and its COO is the charmingly-named Zion Shohet) pioneered the finer points of the vulture-fund concept. The firm was born in 1977 when Singer pooled $1.3 million from family and friends,
His firm's first big "win" was the pillage of Panama in 1995.
but it only really took off in October 1995, when Elliott Associates L.P. purchased $28.7 million of Panamanian sovereign debt for the discounted price of $17.5 million. The banks holding those bonds, a group that included heavy hitters like Citi and Credit Suisse, had given up on repayment from Panama. To cut their losses, they sold their holdings to Elliott which, like a medieval tax farmer, went in with a heavy hand. When Panama's government asked for a restructuring of its foreign debt in 1995, the vast majority of its bondholders agreed – apart from Elliott. In July 1996, Elliott Associates, represented by one of the world's most high-profile securities law firms, filed a lawsuit against Panama in a New York district court, seeking full repayment of the original $28.7 million – plus interest and fees. The case made its way from a district court in Manhattan to the New York State Supreme Court, which sided with Elliott. In the end, Panama's government had to pay the Jewish group over $57 million, with an additional $14 million going to other creditors. Overnight, Singer's group made $40 million, and the people of Panama found their original sovereign debt had more than doubled.
@Mefobills If you could point to a verse in the Quran that allows for aggressive war, it would help me learn – when I read it I saw an explosive self defence at any infringment on the Ummah, but not much beyond that.Colin Wright , says: Website December 19, 2019 at 7:31 pm GMTOf course the origination story of the faith is one of fighting, and without any wise men to guide the laypeople, the faith has an issue in that it is easy for people to not follow what it teaches.
The lying, I agree – Majjhima Nikaya 61 https://www.accesstoinsight.org/tipitaka/mn/mn.061.than.html is a major reason why I embrace Dhamma over other faiths.
Islam has been assaulted for a millennium, and so the self defence aspect of its faith has become more active than the rest.. it needs reform I agree (and not in the direction the Salafists have taken it), but more so there is a need for the Ummah to have a few generations of non-aggression from the outside world.. without it the pressure will only be towards violence – for any nation or faith!
Judaism has monopolized for millennia though, and still acts as a victim. Different kettle of fish.
Also, you can debate the positives and negatives of Islam with a Muslim (not as a rabid ignoramus of course – you must be polite, and have learnt something, as well as be open to learning more). Almost every debate with a Jew about Judaism has started with, continued with, and ended with name calling for me however.
Judaism fails as a religion because it does not encourage the practitioner to look at themselves when confronted with error, Islam still does imo.
So I scanned through the posts quickly -- probably too quickly.Anon [515] Disclaimer , says: December 19, 2019 at 7:33 pm GMTHow many specific, gentile vulture capitalists currently prominent in the field have been named so far?
When you list them, please respond to my post so that I will be notified.
Does anyone here remember how John Leibowitz aka John Stewart spent months ripping Mitt Romney to shreds? Remember? Evil white man vulture capitalism at Bain? Remember? Romney was Adolf Hitler, and look he put his golden retriever on the roof once?anarchyst , says: December 19, 2019 at 7:34 pm GMTSay. How come that Mr Leibowitz never talked about the Jews who basically destroyed yes the entire Rust belt by acquisition and outsource?
That Mr Johnny Leibovitz sure did hate the goy a lot and all. He never talked about his own people. What a fair fellow Mr Johnny Leibovitz was. He even changed his name. Why change the name?
Remember. Bain Capital and that kind of merger pump and dumps is all done by Mormons goyim.
@Colin Wright Your statement: "Jews actually collaborated extensively in the imposition of tyranny on the working class in Eastern Europe from 1917 to 1991" not only applies to Europe, but the united States of America as well.Robjil , says: December 19, 2019 at 7:40 pm GMTIt's the JEWS it's always the JEWS
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Our present situation and the devolving into the morass of "multiculturalism" and "diversity" is no accident. The jewish talmud and that jewish invention-communism has "rules" for the debasement of (white) civil society.The following statements are a result of personal experiences–your mileage may vary
I came of age during the first so-called "civil-rights" movement and saw for myself the underhanded dealings, the demonization of decent, law-abiding whites, and in general, the deterioration of civil society.
Almost all of the "civil-rights" workers and demonstration "handlers" were of one persuasion–New York based leftist communist jews. They cared not one wit about true "civil rights", but were there to create hate and discontent among their black charges (who were too stupid or naive to see that they were being used to suborn and destroy legitimate government and society–a favorite communist tactic).
These New York-based "carpetbaggers" fomented their hate and discontent, only to become future "civil-rights" attorneys, race-hustlers, and America-hating leftist communists and the ADL and $PLC being invented.
Those of us whites who were in the middle of this "civil-rights" revolution had a saying: " Behind every negro, there is a jew ". No truer words were spoken.
Let's not forget their infestation of the nation's education and entertainment systems, (which continues to the present day), in which they can spread their jewish supremacist poison.
The so-called "non-violent civil-rights demonstrations" were anything but "non-violent". Robberies, rapes, and other criminal acts were common, but never reported, as even the "mainstream media" was "in on the game" and conveniently turned off their cameras during the acts of violence. You see, even then,"creating crises" was a part of the agenda.
The "beginning of the end" of America was the use of federal troops against white Americans, which, in itself was a violation of "posse comitatus"–the prohibition on the use of federal troops for domestic "law enforcement" purposes. As most whites were (and still are) law-abiding, they (we) were "steamrollered" by the use of federal troops to crush honest dissent. We never recovered from those unconstitutional actions. It was all downhill from there
The next step may be "civil-war" in which us whites will have to take back our birthright by force.
@Robjil This decision in Panama was "ground breaking". A nation state can be sued in regular courts.Mark Hunter , says: Website December 19, 2019 at 7:41 pm GMThttps://www.abeldanger.org/vulture-lord-paul-singer-postmodern/
"Foreign Policy described the court's decision as "a groundbreaking moment in the modern history of finance." By taking the case to a New York district court, Elliott broke with long-standing international law and custom, according to which sovereign governments are not sued in regular courts meant to deal with questions internal to a nation state. Further, the presiding judge accepted the case – another break with custom. It set the stage for two decades of similar parasitism on struggling countries by Elliott Associates, a practice that has reaped billions for Jewish financiers. "
A year later after the ground breaking decision. Paulie tries this scam on another nation, Peru.
Just one year after the Panama decision, Singer spent about $11 million on government-backed Peruvian bank debt in 1996. After Singer took Peru to court in the U.S., U.K., Luxembourg, Belgium, Germany, and Canada, the struggling nation finally agreed in 2000 to pay him $58 million. That meant he got better than a 400 percent return.
In 2001, the victim was Argentina.
In 2001, Elliott Associates purchased an Argentinian default for $48 million; the face value of that debt today is $630 million. The fund wants repayment for the full value of the debt to all of Argentina's creditors, as it did in 1995 with Panama. This amounts to $1.5 billion, which could rise to $3 billion including, again, that all-important interest and fees.
Another victim was the Congo in 2002-03.
..specific activities of Elliott Associates in Congo, where it originally bought $32.6 million in sovereign debt incurred by that country for the knockdown price of under $20 million. In 2002 and 2003, a British court (tactically chosen) forced the Congolese government to settle for an estimated $90 million, which included that all-important interest and fees. Elliott Associates rapidly became known as the quintessential "vulture fund."
1. Re Sidney, Nebraska: Maybe I'm missing something but wasn't it Cabela's owners, for example co-founder and chairman Jim Cabela, who sold Cabela, not Elliot Management (Singer et al)? I gather Elliot Management owned only 11% of the company. Was that enough to force them to sell?Digital Samizdat , says: December 19, 2019 at 7:46 pm GMT2. The article confuses honest straightforward loans with tax farming and government corruption. Loans can be very useful, e.g. for a car to get to a job, or for a house so you build up equity instead of paying rent.
@Hapalong Cassidy Bain's not much of an exception to Joyce's pattern: although Mitt, like the other three founders, was a goy, there were plenty of Chosen Ones associated with the company right from the start:Digital Samizdat , says: December 19, 2019 at 7:55 pm GMTIn addition to the three founding partners, the early team included Fraser Bullock, Robert F. White, Joshua Bekenstein, Adam Kirsch, and Geoffrey S. Rehnert Early investors included Boston real estate mogul Mortimer Zuckerman and Robert Kraft, the owner of the New England Patriots football team.
https://en.wikipedia.org/wiki/Bain_Capital#1984_founding_and_early_history
@BannedHipster According to the Talmud, we goyim are not the descendants of Adam and Eve, like the Jews. No, we are the bastard progeny of Adam's first wife, Lilleth, who eloped with the demon Samael. So we goyim are really all half-demons and therefore we are an abomination in the sight of Jew-hova, and we get what we deserve at the hands of his 'chosen people'.traducteur , says: December 19, 2019 at 8:02 pm GMTAll clear now?
improving the quality of life and access to opportunities for all Israeli citizens so that they may benefit from the country's prosperityArt , says: December 19, 2019 at 8:03 pm GMTRead 'all Jewish Israeli citizens'. I doubt they're going to do any life-enhancing or make opportunities available to any of the grunting subhuman goyim .
@Colin WrightArt , says: December 19, 2019 at 8:08 pm GMTIt's important not to get carried away with this. Figures such as Andrew Carnegie, while impeccably gentile, were hardly paragons of scrupulous ethics and disinterested virtue.
Andrew Carnegie built something that made life better for people. Making steel is a beneficial thing.
These evil vulture Jews build nothing – they make people poorer. They suck the wealth out of people who have little. They know 100% what they are doing.
Jesus expressed anger against the money changers on the temple steps.
It is OK for you to have natural human feelings and be angry at these Jew bastards.
Do No Harm
Major Kudos to these three heroes – Ron Unz, Tucker Carlson, and Andrew Joyce – for this article and discussion.renfro , says: December 19, 2019 at 8:09 pm GMT@Anon Romney is a Mormon, one of the church officials. The Mormons are closer to the Jews pattern of worshiping money and using charity donation for business investments.tomo , says: December 19, 2019 at 8:16 pm GMT
Mormons arent considered Protestants ."Although the church has not released church-wide financial statements since 1959, in 1997, Time magazine called it one of the world's wealthiest churches per capita.[147] In a June 2011 cover story, Newsweek stated that the LDS Church "resembles a sanctified multinational corporation -- the General Electric of American religion, with global ambitions and an estimated net worth of $30 billion." A whistle blower within the church reported them to the IRS for using their status as a non taxable religious groups to invest in business ventures instead of charities.
@anon Maybe I can answer your question.Alden , says: December 19, 2019 at 8:18 pm GMT
I studied and befriended many jews as a student (Imperial College, London etc) – none were above average intelligent, and although they were very geeky, they only got average grades.
When I moved to LA – most of my friends were jews and again, none were very bright (even though a few were famous). Most of these LA jewish friends were probably psychopaths – thinking back – very manipulative, exploitative and they lied a lot.
I think it's mostly through their cultural nepotism – they work on their own unity (they help promote each other) while at the same time they work on destroying unity in their host and everyone else.
Many have changed their Eastern European names.
And they go out of the way to help other jews (only) – a Serbian friend in Toronto looks very jewish (but is not religious) told me several times here in Toronto, other Jews (his boss etc) just offered to help him for no reason ("Is there anything I can do for you?" etc). He did not understand why they did that – then I realized he actually looks like a Jewish stereotype (as does his twin brother). So he thought he was helping his own tribe.
When I went to Cuba with a Jewish 'friend' from LA – he was actively looking for anything jewish (and nothign else – he did not want to see anything famous like a beautiful cemetery in Havana etc) – only synagogs etc – where he gave some money to jews he never even met. I was there with him and saw it. He was even angry if I suggested we see something nice , historical and not-jewish. We met a NY jew there and we gave his a ride in the car we rented – they immediately teamed up against me – for no reason – I regretted going with him on this trip. It was an awful experience – consistent with all the books I read on psychopaths and also that book Jewish History, Jewish Religion, the weight of 3000 years
Another very wealthy American mother of a friend asked her South African friends (also jews) to help her book trips in South Africa (and they of course recommended only their Jewish friends) – it's their son who told me this.
So a lot of backstabbing, cultural nepotism and actively (but in a hidden way as most psychopaths like to do) they do at wakening and isolating their host. That's their only advantage – not intelligence (at least in my experience )Off topicthe grand wazoo , says: December 19, 2019 at 8:21 pm GMTI recently learned that from about 1790 to 1967 the USState department refused to issue US passports to people who held foreign passports. State also didn't hire any dual citizens for any job from cafeteria dishwasher to ambassador.
Then in the mid sixties, an Israeli immigrant who became a US citizen applied for a US passport. State refused to issue the US passport. So the Israeli immigrant practiced lawfare. In 1967 the Supreme Court issued one of its usual detrimental and dangerous rulings. State was ordered to start issuing US passports to dual citizens.
Soon there were numerous applications to State depot jobs from Israeli citizens residing in the US. Knowing lawsuits loomed, State caved.
And that children is how and why State, commerce, DOJ CIA treasury, top security civilian departments in the Pentagon and other federal agencies became flooded with dual American Israeli citizens who divert money to Israel. Plus they work for Israel instead of the US. Mysterious how the only Whites who manage to make it past affirmative action barriers are jews.
Maybe there's a special affirmative action quota for Israelis residing in America.@J Adelman Adelman, be careful what you wish for, as in a debate you will be drowned.Alden , says: December 19, 2019 at 8:22 pm GMT
Being labeled an ANTISEMITE is the new badge of honor and courage.
Central banks and their fiat fractional reserve banking system is slowly collapsing, as more and more nations avoid using the BIS. Joyce's article fully explains why Russia is being promoted as some type of arch-enemy.@Digital Samizdat I thought we are just 2 legged animals intelligent enough to invent everything and do all the necessary useful work.Old and grumpy , says: December 19, 2019 at 8:22 pm GMT@DaveE I don't even know what capitalism means anymore. It doesn't seem like it's an actual free market system. Seems like it is slavery for the little guy, and parasitism for the rich. Maybe we should ditch the word capitalism for usuryism.EliteCommInc. , says: December 19, 2019 at 8:25 pm GMT"'It was very gratifying to see Tucker Carlson's recent attack on the activities of Paul Singer's vulture fund, Elliot Associates '"the grand wazoo , says: December 19, 2019 at 8:27 pm GMTI am going to avoid the Jew is bad mantra here. I read that article. But it was not an expose' of hedgefunds, at least not at the level i was expecting. They merged two companies and sold off or closed that which was least profitable.
In that article there was no clear discussion – about what could have prevented the closure. So it was hard to respond positively in favor of not closing. I am advocate of keeping work in the US, but I don't think it is unreasonable that companies be sustainable. I would have liked that exposure, that the hedge had no intention of exploring possible profit making alternatives.
And that is where Mr. Carlson lost me. He did not link the companies as you have. Nor provide the examples you bring to the fore.
@Realist No, not stupid whites, they're not to blame. It's the greedy corrupt politician: white, black, or white jew, who are to blame.Mefobills , says: December 19, 2019 at 8:31 pm GMT@Ilya G Poimandres Ilya,Old and grumpy , says: December 19, 2019 at 8:31 pm GMTWhat distresses me about Islam is that the pacific practitioners, e.g. Suffi's, many Shias and Sunnis are out of alignment, and hence are subject to violence from their coreligionists. I happen to believe there are many wonderful people within the religion what I am saying is that there is an elephant in the room, and it has a name: abrogation.
I'm going to use a smoke there is fire analogy using data.
If a religion launches repeated attacks against civilizations, then there is something "in" the religion that is used for justification of said aggression. I'm of the opinion that data matters, and you have to adjust your position to come into accord with real world data.
http://cspipublishing.com/statistical/jihad.html
Between 632 and 1922, Islam launched 548 offensive battles against classical civilization
These attacks were often brutal, especially with rapes being used to "convert women" rapidly.
In Islam (as in other religions as well) the Imam can turn knobs and get an output. This means that abrogation is used to pick and choose verses depending on situation, to maneuver the sheeple in the direction Imam's or political authority want them to go – including offensive war. I used the term political authority on purpose, because Islam is more than just a religion, it is a political-theocratic construct that is all-encompassing.
There may not be a specific verse allowing aggressive violence, but there is something going on based on the data. (I admit to being a lay-man and not an expert on minutia of Islam. I don't want to go there based on what I already know to be true.)
In Christianity, if there are calls for aggressive violence it is OUT OF ALIGNMENT because of super-session. Christian adherents who do this are Judaizers, and have to use the old testament for justification.
@Digital Samizdat Who the heck is Lillith? Where did she come from? Adam's apple? At least Samael is a step up from a talking snake. Talk about rewrite. Almost on par to the silly ones on the daytime soaps. Oh wait . probably same writers.annamaria , says: December 19, 2019 at 8:33 pm GMT@Rebel0007 "This won't end well."Charles Pewitt , says: December 19, 2019 at 8:36 pm GMT
-- They cannot help themselves. Two components make it impossible for the tribe to behave in a preservation mode:
1. the victimhood complex, despite all the recently displayed data about Jewish murderous ways in the host countries
2. the disproportionate number of psychopaths who are approved by tribal epos and mentalityPerhaps the only solution is to make the aggressive Jews become confined to their Jewish country. Like an infectious disease that needs to be quarantined. Otherwise, the Jewish psychopaths will continue leaching and destroying.
Not only the vulture bankers but a complete set of ziocons-infested stink-tanks should be relocated (with their immediate families) to the Jewish State and prohibited from crossing the Jewish State borders. Plus the limitations on their involvement in international commerce and banking. Let the Jews be finally in Jerusalem today, not "next year." Let them enjoy the company of other Jews.Jew billionaire globalizer money-grubber Paul Singer has bought and paid for politician puppet whore Marco Rubio.Anonymous [211] Disclaimer , says: December 19, 2019 at 8:38 pm GMTJEWS ORGANIZED GLOBALLY(JOG) -- of which Paul Singer is a shady participant -- have plans for after Trump and they involve the US Senators Marco Rubio and Josh Hawley and Tom Cotton and others.
Paul Singer pushes mass legal immigration and mass illegal immigration. Paul Singer wants to continue to use mass legal immigration and mass illegal immigration as demographic weapons to attack and destroy the historic American nation.
Paul Singer wants to continue to use the US military as muscle to fight endless wars on behalf of Israel.
I wrote this in February of 2019:
I just got reminded that Marco Rubio won a lot of the GOP billionaire Jew donor money away from Jebby Bush in the 2016 GOP presidential primary because the Jew billionaires -- Paul Singer in particular -- were not too thrilled with Jebby Bush's connection to James Baker. James Baker was a factor in the Jew billionaire decision to back Marco Rubio.
George W Bush had dragged the American Empire into a war in Iraq on behalf of Israel and the GOP Jew billionaire donors were still not convinced of Jebby Bush's slavish devotion to Israel.
Marco Rubio signalled his willing whoredom to the ISRAEL FIRST foreign policy of endless war on behalf of Israel in a way that left nothing to chance for the GOP Jew billionaire donors.
Marco Rubio is nothing more than a filthy politician whore for the GOP Jew billionaire donors who want to continue to use the US military as muscle to fight wars on behalf of Israel.
New York Times article:
Mr. Rubio has aggressively embraced the cause of wealthy pro-Israel donors like Mr. [Sheldon] Adelson, whom the senator is said to call frequently, and Mr. Singer, who both serve on the board of the Republican Jewish Coalition, an umbrella group for Republican Jewish donors and officials. Mr. Bush has been less attentive, in the view of some of these donors: Last spring, he refused to freeze out his longtime family friend James A. Baker III, the former secretary of state, after Mr. Baker spoke at the conference of a liberal Jewish group.
The lobbying of Mr. Singer intensified in recent weeks as Mr. Bush's debate stumbles and declining poll numbers drove many donors to consider Mr. Rubio anew. Last week, Mr. Bush's campaign manager, Danny Diaz, and senior adviser, Sally Bradshaw, flew to New York to make personal appeals on Mr. Bush's behalf, in the hopes of heading off an endorsement of Mr. Rubio, according to two people close to the former governor's campaign.
Tweet from 2015:
GOP Billionaire Shyster Rat Paul Singer endorses Marco Rubio -- RUBIO PUSHES MASS IMMIGRATION https://t.co/B86Lp18Y6P #nhpolitics @vdare
-- Charles Pewitt (@CharlesPewitt) November 1, 2015
This is a timely article for me as I have been pondering the relationship between Jews and neoliberalism for some time now.Father O'Hara , says: December 19, 2019 at 8:39 pm GMTAt university I studied under a brilliant Neo-Marxist professor who showed me some theory and arguments that went a long way towards explaining how to make sense of the global power structure. (Just a quick not for those who recoil at the mere mention of Neo-Marxist: the academics that use a marxist lens as a tool to criticize the powerful are not all the cuckold communist SJW types – some of these individuals are extremely intelligent and they make very powerful arguments backed by loads of data.) One of the theories I was introduced to was the notion of the Transnational Capitalist Class in this article called Towards A Global Ruling Class? Globalization and the Transnational Capitalist Class: http://media.library.ku.edu.tr/reserve/respring18/Intl313_ZOnis/3_Historical_Structuralism.pdf
The authors write the following:
Sklair's work goes the furthest in conceiving of the capitalist class as no longer
tied to territoriality
Inherent in the international concept is a system of nation-states that mediates relations between classes and groups, including the notion of national capitals and national bourgeoisi. Transnational, by contrast, denotes economic and related social, political, and cultural processes – including class formation that supersede nation-states
What distinguishes the TCC from national or local capitalists is that it is involved
in globalized production and manages globalized circuits of accumulation that give it an objective class existence and identity spatially and politically in the global system above any local territories and polities.Since reading your (Dr Joyce) work on the JQ I began to see the connection between age old complaints of Jews, and what Ford referred to as "The International Jew". In fact, replace the term "transnational capitalist class" from my passages quoted above (and many others) and what you have is perfect mirror image of the argument.
This question has come up often lately, synchronistically (or maybe not). I'm somewhat new to the JQ, having consumed many hours of work (including much of your own) after being sent down the rabbit hole by the ongoing Epstein case. I was pondering that perhaps, Jews take the blame for what the predatory capitalists are doing. Not even a week later you addressed this precise question in your piece about Slavoj Ziszek and now with "vulture capitalism" it is coming up yet again in Carlson's segment followed by the article right here. It also came up on the "other side" in the blog I follow of a professor of globalization in this article: https://zeroanthropology.net/2019/11/27/global-giants-american-empire-and-transnational-capital/
The link above is a review of the book Giants: The Global Power Elite . The review provides a summary of the book which once again could be a text about Jews if one were to replace the term "transnational capitalist class" with "Jews". Why I mention it, though, is the following: "Chapter 2, "The Global Financial Giants: The Central Core of Global Capitalism," identifies the 17 global financial giants -- money management firms that control more than one trillion dollars in capital. As these firms invest in each other, and many smaller firms, the interlocked capital that they manage surpasses $41 trillion (which amounts to about 16% of the world's total wealth). The 17 global financial giants are led by 199 directors. This chapter details how these financial giants have pushed for global privatization of virtually everything, in order to stimulate growth to absorb excess capital. The financial giants are supported by a wide array of institutions: "governments, intelligence services, policymakers, universities, police forces, militaries, and corporate media all work in support of their vital interests" (p. 60).
Chapter 3, "Managers: The Global Power Elite of the Financial Giants," largely consists of the detailed profiles of the 199 financial managers just mentioned.This caught my eye because I immediately wondered how many of those 199 directors are Jewish. It also pertains directly to this exact article because I am confident that the vulture capitalists you targeted here are profiled in the book, probably with many others.
Now, I am not in the business of writing about the JQ, so I wanted to suggest to anyone out there that is that if they were to obtain a copy of this book and determine how many of the 199 directors are jews. What this could accomplish is a marriage of the major two theories of the "anti-semites" (for lack of a better word) and the "Neo-Marxists". I would argue that perhaps both sides would learn they are coming at the same thing from two different angles. Most would ignore it, but maybe a few leftist thinkers would receive a much needed electric shock if they were to see the JQ framed in marxist terms. Perhaps some alliances could be forged across the cultural divide in this struggle. Personally I believe that both angles are perfectly valid, and that understanding one without the other will leaves far too much to be desired when studying the powerful.
@UncommonGround Without the Jews we'd be far better off.Sean , says: December 19, 2019 at 8:41 pm GMT@the grand wazoo Reagan relaxed the laws on takeovers and as a result what Galbraith called the technostructure (modern corporation in which the business was run by not with an eye on shareholder value but in the interests of everyone involved) was ripped apart.annamaria , says: December 19, 2019 at 8:43 pm GMTHowever the technostructure had come about in the 30s when the Depression led to mass lay offs, which had began to cause social unrest. The Chinese are have already cutting a swath through Western productive capacity, and now they are coming for the rest to the extent that the European Union is tightening the limits of foreign direct investment and takeovers. Trump is calling for negative interest rates, which were not adopted even during the 1930s when one-quarter of the labor force was idle.
Prospects for severe economic pain being imposed on ordinary working people and the consequent (eventual) establishment of a new technostructure are excellent. I hate to sound like an accelerationist, but Jews like Singer are bringing that day closer.
@Ghali 'Everywhere they go, they leave behind nations in ruins. "Anon [271] Disclaimer , says: December 19, 2019 at 8:59 pm GMT-- They always find the willing local collaborators ready to make a big profit. Who can forget Dick Cheney, the Enemy of Humanity? The same kind of unrestricted criminality and amorality lives on in Tony Blair the Pious. The fact that this Catholic weasel and major criminal Tony Blair is still not excommunicated tells all we need to know about the Vatican.
Assange is rotting in a prison, while Tony Blair and Ghislaine Maxwell are roaming free. The Jewish connections pay off.@J Adelman https://www.truetorahjews.org/DaveE , says: December 19, 2019 at 9:00 pm GMTI know some Torah Jews who are angry that Mischlings have no right of return to Israel, and apparently now aren't part of the ruling American Jewish nation, or American, or have anywhere to go now. They're also angry at what they see as a repeat of the cycle of international Jewish action and inevitable reaction they will have to bear the brunt of.
They referred me to this website: The Institute for Historical Review where they apparently contribute.
http://www.ihr.org/jhr/v17/v17n6p13_Michaels.html
" Although Jews make up no more than three or four percent of Russia's population, they wield enormous economic and political power in that vast and troubled country. "At least half of the powerful 'oligarchs' who control a significant percentage of the economy are Jewish," the Los Angeles Times has cautiously noted. (See also: D. Michaels, "Capitalism in the New Russia," May-June 1997 Journal, pp. 21-27. )"
So that was the context of who owned capital in Russia, what was the effect?
" According to Harvard University scholar Graham Allison, who is also a former US assistant Secretary of Defense, ordinary Russians have experienced, on average, a 75 percent plunge in living standards since 1991 -- almost twice the decline in Americans' income during the Great Depression of the 1930s. But in the midst of this widespread economic misery, a small minority has grown fabulously wealthy since the end of the Soviet era ."
But how is that possible? Swashbuckling international capitalists like Bill Browder were bringing their Ivy League MBA's to more efficiently manage all those assets. And he said how much he wanted to save the Polish Train-yards.
What happened? A Putin arose. He took the capital from the Jews, and the Jews were dispatched to the United States. Putin also aligned himself with a different Jewish faction less virulently dismissive of the needs of the people they ruled.
What do they do in the United States? Something similar as the economy careens towards another financial crisis and living standards, mortality rates, and the middle class plummet.
"Jewish power in Russia, Galushin continues, has resulted in millions of homeless children, widespread tuberculosis and cholera, a shortage of medicines, cheating retirees of their pensions, suicide in the armed forces, and the death of science. What do the Gusinskys, the Berezovskys, the Chubais, the Nemtsovs, the Kiriyenkos, the Smolenskys, the Livshits, and the Gaidars say about this? Millions of Russians have perished under their rule. Are the Russian people ready to judge these scoundrels for their crimes, Galushin ask",
Robert Maxwell was a Chezch Jew – he also robbed hundreds of millions worth of pensions. How is it possible that all these Jewish capitalists can be linked to readily to Jeffrey Epstein?
How did Robert Maxwell get his seed money?
Here is a letter sent to Boris Berezovsky nee Abramovich.
"In sharp contrast to the intense feelings expressed by such Russian writers over the catastrophic situation in their country today is the seeming indifference of American and German taxpayers who have unwittingly channeled billions of dollars and marks to the oligarchs -- who in turn have transferred this largesse to secret Swiss accounts. Who monitors the distribution of these billions through the World Bank, the IMF, the financial houses, and various banks? Who is responsible for this terrible injustice?"
That's really strange, because isn't that what the Russians accused Browder of doing? They say that he channelled billions of dollars out of Russia into the United States. Then we had the great Russian menace that is still ongoing in the media, and failing.
But Browder said that the Russian collusion story that was created by Fusion GPS, and then the FISA court warrants issued on the basis of the fabricated Steele 'pissgate' dossier and media stories was 100% true.
And Steele worked for the Russia desk of British Intelligence, and was being paid by the Democrats.
Even the proto-Shabbos goys at the National Review had to distance themselves from it. They showed that the date the FBI and Justice said it was verified it couldn't possibly have been verified.
https://www.nationalreview.com/2019/05/the-steele-dossier-and-the-verified-application-that-wasnt/
So why did so many Jewish capitalists like Browder support it?
And why aren't the Russians being permitted to trace Russian monies into Cyprus if Bill Browder and now Jewish captialist ever has every done a thing that is wrong?
https://www.zerohedge.com/news/2018-11-20/luongo-bill-browder-behind-anti-russia-interpol-propaganda
And now they accuse Browder himself of being involved in 5 assassinations.
Which would seem wild. Except, one of the first rules of Saul Alinsky is to accuse your opponents of what you are doing.
Why is this entire affair around the impeachment of Donald Trump and the depersoning of Russia and Putin so incredibly Kosher?
https://www.americanthinker.com/articles/2019/10/corrupt_senators_took_ukraine_cash.html
Because literally to the letter what is said about Donald Trump, the Democrats were actually doing.
"" It got almost no attention, but in May [2018], CNN reported that Sens. Robert Menendez (D-N.J.), Richard J. Durbin (D-Ill.) and Patrick J. Leahy (D-Vt.) wrote a letter to Ukraine's prosecutor general, Yuriy Lutsenko, expressing concern at the closing of four investigations they said were critical to the Mueller probe. In the letter, they implied that their support for U.S. assistance to Ukraine was at stake. Describing themselves as "strong advocates for a robust and close relationship with Ukraine," the Democratic senators declared, "We have supported [the] capacity-building process and are disappointed that some in Kyiv appear to have cast aside these [democratic] principles to avoid the ire of President Trump," before demanding Lutsenko "reverse course and halt any efforts to impede cooperation with this important investigation ."
And yet Trump pulls the Jews ever closer. A ruling race of ubermenschen now.
'No reason'.
Can you imagine what American Blacks and savage Hispanics let alone whites are going to do if the US economy craters like the Russian economy, and everything is transferred to the banks?
@Old and grumpy Yeah . fine idea. I've always maintained there are two uses of the word "capitalism" industrial capitalism or competition of ideas vs. financial capitalism, the Darwinian struggle for the most ruthless bankster to rig the "markets" most efficiently.Charles Pewitt , says: December 19, 2019 at 9:04 pm GMTWhether we give it new terminology I don't care much . but I sure wish people would understand the difference, one way of another !
Trump and the Republican Party puppets are nothing more than nasty politician whores for billionaire Jews such as Seth Klarman and Paul Singer and Shelly Adelson and Les Wexner and Bernie Marcus and many other money-grubber Jew donors.Mefobills , says: December 19, 2019 at 9:05 pm GMTThe Republican Party Jew donors want to continue to flood the USA with mass legal immigration and mass illegal immigration and the Jew donors want to continue to use the US military as muscle to fight unnecessary wars and endless wars on behalf of Israel.
The Republican Party Jew donors also want to have all their shady money-grubber scams protected by the Republican Party politician whores.
I wrote this in October of 2017 about Seth Klarman and Puerto Rican government debt:
Puerto Rico must be allowed to go belly up. The bond owners who own Puerto Rican debt must go tits up. The US government must not bail out the investors who purchased Puerto Rican government debt, or any debt whatsoever connected to Puerto Rico. Seth Klarman has been revealed as a person who has bought Puerto Rican bonds in hopes of cashing out big.
SETH KLARMAN must be given a salt shaker to sprinkle salt on his worthless Puerto Rican bonds before he eats them. Klarman must lose 100 cents on the dollar for his greedy purchase of Puerto Rican debt. Klarman has loads of loot, and the Puerto Rican government debt was purchased for one of his funds. I am sure his investors won't mind getting soaked by Seth for a bit of money -- it is not even a whole billion dollars, only close to it.
David Dayen says:
Klarman, who has been described as the Oracle of Boston, has a history of buying unpopular or distressed assets on the cheap in hopes of a payday. Baupost manages over $30 billion in assets. He is known as the top campaign contributor in New England and has been a major donor in Republican politics in Massachusetts, including largely secret support for 2016's Question 2, an ultimately unsuccessful effort to lift a state cap on charter schools. Klarman supported Hillary Clinton in 2016, calling Donald Trump "completely unqualified for the highest office in the land."
Klarman's involvement in Puerto Rican debt will surely come as a surprise to activists in Massachusetts and Puerto Rico, who have never mentioned him among the "vultures" who are causing undue pain for the island's U.S. citizens.
NO BAILOUT FOR PUERTO RICO BOND INVESTORS
@alex in San Jose AKA digital Detroit Alex,Father O'Hara , says: December 19, 2019 at 9:06 pm GMTYou make some important points.
Jewish people have treated me better than my own White Euro family.
White Euro people are/were evolved for small tribes. They were hunter gatherers, and evolved concurrently with dogs. In my opinion the pathological altrusim of whites has to do with the close relations to dogs, pets and later livestock. The whole "good shepherd" is more of a Western Construct of Cro-Magnon white people, than the insular goat-herding types of the middle east.
For example, in Scandinavia and most white countries, a 'baby sitter' can be a neighbor, while in middle eastern cultures, a baby sitter can only be from a family member.
In other words, white people extend trust to one another, while middle-eastern ethos is more familal then tribal. Ice age evolution, especially the fourth ice ages, selected for pathological altruism is whites; which is why whites extend their grace to foreigners, brown people, and are easily duped by Jews.
All you can do is try to rise above your own families failings. White people have to think it through intellectually, as it does not come naturally.
Jews are tribal, gee what a surprise after 1000's of years of people trying to wipe them out . and so their charity is within the tribe, but there is no charity within the tribe among Whites.
Yes, but what is being debated here is how Jews use their ethnocentrism and in-group methods to practice usury against out-groups. Euro-whites are a perfect host for the parasite. The parasitical methods EVOLVED over millenia to operate the usury mechanism, to take rents and unearned income. This is why they have been kicked out of 109 countries, because what they do is seen as immoral and against the common good. (Euro whites eventually smarten up and it always takes a King to eject the Jews.)
For more on this, see the book Angela's Ashes. The Irish family could have stayed in New York where they were being befriended by a Jewish family.
Let's not get cause and effect reversed. The potato famine in Ireland was devastating because high-value crops were being exported to England to pay for wait for it . usury on debts the Irish owed the English. The English in turn were operating the state sponsored usury system of the Bank of England, which came into being in 1694. The BOE in turn was JEWISH in construct, being maneuvered into place by Sephardic Jews from Amsterdam.
The Irish, being trusting souls, fell into the usury trap and could not keep up with the exponential debts.
A general statement: White people can build high trust civilizations that benefit all of their people, but are easily subverted when the wrong type of predators infiltrate. If your family was extended, and had aunts and uncles and cousins, who lived in the general area for centuries, then there would be a network to fall back on.
See slaughter of the cities by Jones:
And yes, the FIRE sector and impetus behind the destruction of your extended family was JEWISH. The breakdown of neighborhoods and ethnics was on purpose.
The Jew is anti-logos, and whatever he touches he destroys. (There are exceptions of course – but these people no longer possess a negative Jewish spirit.)
Sorry your family was destroyed. When whites become un-moored they don't know how to act.
@J Adleman Quite bizarre post. First,he makes a half ass defense of Jew character.(Weinstein,Epstein don't represent jews! Well,they kind of do. Any jew who is called to accounts for his crimes automatically does not represent jews!Antares , says: December 19, 2019 at 9:06 pm GMT
You are a used condom. Do you represent the jews? Id day yes.)
Your diatribe sounds like an alt righter's view of jews. Are you real?@AnonHappy Tapir , says: December 19, 2019 at 9:12 pm GMTif you think it's wrong to buy or try to collect on defaulted debt, what is the alternative set of laws and behavior you are recommending? If debts can simply be repudiated at will, capitalism cannot function.
Capitalism includes money. You can't separate the risks in lending from other risks. Bad investors should be punished and good investors rewarded. Resources should be well allocated. Otherwise it's not capitalism.
@Rebel0007 I looked at his book on amazon. Do you believe all that stuff? Are these people with psychoses or delusional disorders?Anon [271] Disclaimer , says: December 19, 2019 at 9:12 pm GMThttps://www.trunews.com/stream/jew-coup-seditious-jews-orchestrating-trump-impeachment-lynchingAdrian , says: December 19, 2019 at 9:20 pm GMTThese insane Boomers seem to think that there is a Jewish coup underway to remove Trump because of all the things that Jews are saying in Jewish publications and every single person involved being Jewish and stuff.
@Germanicus About the Carnegie donated "Peace Palace" in The Hague, presently the seat of the In ternational Court of Justice:Informed Reader , says: December 19, 2019 at 9:21 pm GMTGermanicus claims:
They are a function of Empire in Hague, who protect empire criminals, and assume a non existent legitimacy and jurisdiction as a private entity to take down empire opponents.
Such as this ruling for instance:
Guardian 3 Oct.2018:
International court of justice orders US to lift new Iran sanctions
Mike Pompeo indicates US will ignore ruling, after judges in The Hague find unanimously in favour of Iran
@Colin Wright Colin Wright: Tel Aviv University's Medical School is called the "Sackler Faculty of Medicine." Does that help answer your question?annamaria , says: December 19, 2019 at 9:24 pm GMT@silviosilver "What Joyce regards as a defect of "vulture" funds, others might regard as an benefit. "utu , says: December 19, 2019 at 9:25 pm GMT-- Of course. I hope you did not miss the fact that the Jewish vulture funds -- ruthless, unethical, and leaching on goyim -- contribute to the Jewish Holocaust Museum.
Is not it touching that the same bloody destroyers of nations demand from the same nations a very special reverence -- out of ethical considerations, of course -- towards the Jewish victims of WWII? But only Jewish victims. All others were not victims but casualties. See Iraq, Syria, Libya, and Ukraine. See the unlimited hatred of ziocons towards Russia.@Anonymous " but maybe a few leftist thinkers would receive a much needed electric shock if they were to see the JQ framed in marxist terms " – I would not count on the effect of the electric shock on the leftist thinkers. The role of Jewish Bolsheviks in the Cheka, NKVD, GULAGs, genocides by famine has been known from the very beginning and yet it left no impact on the leftist thinkers.Anon [271] Disclaimer , says: December 19, 2019 at 9:33 pm GMTBrowder's case is really interesting.renfro , says: December 19, 2019 at 9:50 pm GMT
http://www.ihr.org /jhr/v17/v17n6p13_Michaels.html"According to Harvard University scholar Graham Allison, who is also a former US assistant Secretary of Defense, ordinary Russians have experienced, on average, a 75 percent plunge in living standards since 1991 -- almost twice the decline in Americans' income during the Great Depression of the 1930s. But in the midst of this widespread economic misery, a small minority has grown fabulously wealthy since the end of the Soviet era."
"Although Jews make up no more than three or four percent of Russia's population, they wield enormous economic and political power in that vast and troubled country. "At least half of the powerful 'oligarchs' who control a significant percentage of the economy are Jewish," the Los Angeles Times has cautiously noted. (See also: D. Michaels, "Capitalism in the New Russia," May-June 1997 Journal, pp. 21-27.)"
It's interesting how the appeal of Eduard Topol to Jews in Russia is now starting to echo Jewish calls in the United States for Jews to stop the path they are currently on.
Here is the complete text of Topol's extraordinary "Open Letter to Berezovksy, Gusinsky, Smolensky, Khodorkovsky and other Oligarchs," translated for the Journal by Daniel Michaels from the text published in the respected Moscow paper Argumenty i Fakty ("Arguments and Facts"), No. 38, September 1998:
Magnitsky and Bill Browder is also really interesting.
It turns out that a large measure of the Russiagate story arose because Russian lawyer Natalia Veselnitskaya, who traveled to America to challenge Browder's account, arranged a meeting with Donald Trump Jr. and other Trump campaign advisers in June 2016 to present this other side of the story.
Apparently that's collusion.
But this isn't collusion.
https://www.nationalreview.com/2017/08/left-red-scare-democrats-suddenly-hate-russia/
Remember when Obama literally said he would sell out US defence interests to the Russians on a hot mic?
https://www.americanthinker.com/articles/2019/10/corrupt_senators_took_ukraine_cash.html
Then we had Democrats actually literally word for word doing what they accuse Trump of doing in Ukraine.
"It got almost no attention, but in May [2018], CNN reported that Sens. Robert Menendez (D-N.J.), Richard J. Durbin (D-Ill.) and Patrick J. Leahy (D-Vt.) wrote a letter to Ukraine's prosecutor general, Yuriy Lutsenko, expressing concern at the closing of four investigations they said were critical to the Mueller probe. In the letter, they implied that their support for U.S. assistance to Ukraine was at stake. Describing themselves as "strong advocates for a robust and close relationship with Ukraine," the Democratic senators declared, "We have supported [the] capacity-building process and are disappointed that some in Kyiv appear to have cast aside these [democratic] principles to avoid the ire of President Trump," before demanding Lutsenko "reverse course and halt any efforts to impede cooperation with this important investigation."
What's the first rule of Communist and Satanist Saul Alinsky? Always accuse your opponents of what you are doing.
Imagine having a Grandfather as the literal Chairman of the American Communist Party, and all the amazing lessons you would learn about political maneuvering and ideology.
And it's amazing.
Browder's story is that Russian officials stole his companies seals and then fraudulently formulated a tax avoidance scheme with a complete paper trail that they fabricated against him in totem. Precisely matching the amount of money he was trying to remove from their country, like those other Jewish Oligarchs who imposed conditions that were multiples worse then even the American depression.
When under oath it turns out that Magnitsky wasn't even a lawyer at all, and didn't go to law school. Why did the media owned by Mormons of course keep saying that Magnitsky was Browder's lawyer?
Why did the Russians fraudulently fabricate a paper-trail for another Jewish Oligarch to steal money out of Russia? Just like they colluded with Trump when a Russian lawyer sought to explain what happened. Because that totally happened.
Maybe the problem isn't Capitalism. Maybe, when even the ur-Shabbos goys at National Review are shaking their head and washing their hands like Pilate, maybe it's a different problem.
Yet Trump holds these people ever close to his beating heart.
And then there are all these connections to Jeffrey Epstein that are like an explosion linking all these people.
Poor old Russia. Even Putin isn't worse then what came before.
@AnonymousAnon [421] Disclaimer , says: December 19, 2019 at 9:53 pm GMTThe link above is a review of the book Giants: The Global Power Elite. The review provides a summary of the book which once again could be a text about Jews if one were to replace the term "transnational capitalist class" with "Jews". Why I mention it, though, is the following: "Chapter 2, "The Global Financial Giants: The Central Core of Global Capitalism," identifies the 17 global financial giants -- money management firms that control more than one trillion dollars in capital.
From the review .
"Robinson's claim that nation-states have become, "little more than population containment zones," while "the real power lies with the decision makers who control global capital" (p. 26). Both propositions are unconvincing: first, populations are clearly not being contained; second, if states matter so little, and the real decision-makers are global capitalists, then why do the latter need states
That is such stupid reasoning it blows the mind. He is trying to shift the global problem to institutions .. instead of the people who head those institutions
Institutions, agencies , financial firms, etc .are ALL run by PEOPLE .who make the policies,laws, take the actions.
Why does the 'transnational capitalist class' need states? well duh because people/labor/consumers are indeed "contained' in states subject to the states laws and system. The transnational capitalist class created the institutions he speaks of 'from within' those states thru their control of its system and their same goal partners who do the same from within their respective states.
That the capitalist class is not tied to any territory has been observable since 1960.
I don't have time now to look up how many of 199 directors are Jews . but I know enough of the economic history of various countries to know that Jews were the first business and finance globe trotters,,,,.from Spain to Amsterdam, France to Africa , etc.etc. Jew were first hired as reps and facilitators by the gentile business owners especially because of their breather tribal contacts in many countries ..that was their stepping stone to becoming transnational capitalist themselves.Understanding our global capitalist ruling elite and who they are is not rocket science
Buy your loans from another lender,steinbergfeldwitzcohen , says: December 19, 2019 at 9:54 pm GMT
change the terms (add fees, penalties, underhanded stuff),
reposses your collatteral.Outta be illegal.
White Gentiles, you must infiltrate and take over big business and big finance to help protect your people from predation .and to give all peoples principled, fair financial services. To help our society, and even others. Paul Singer doesnt seem to care about most of his fellow men. We could do better, and help the world be a better place.
Yet more evidence is piling up that Donald J Trump is the Great Betrayer.Digital Samizdat , says: December 19, 2019 at 9:55 pm GMT
A man who had the biggest mandate in post war history to clean up the Swamp that is D.C., reform Immigration to save America and reform the economy for American workers.
He has squandered all of it while pandering to Jews.When the Donald is revealed as the Great Betrayer where will Jews run? Yes, they have several back up plans. Patagonia, Ukraine and Israel.
Imagine that. They have their own country and 2 back up plans. It is really tough being a hated, oppressed minority.
@Anonymous Thanks for your comment. You've come to the right place. Unz is an ideal hangout for left/right fusionists who don't fit in perfectly with either side, but are interested in hearing from both. In addition, if you're looking for other good right-wing sites that aren't libertarian, Zionist or overly Christian, I can also heartily recommend Dr. Kevin MacDonald's Occidental Observer , where Dr. Joyce himself usually posts.Bardon Kaldian , says: December 19, 2019 at 9:58 pm GMTWhat this could accomplish is a marriage of the major two theories of the "anti-semites" (for lack of a better word) and the "Neo-Marxists". I would argue that perhaps both sides would learn they are coming at the same thing from two different angles. Most would ignore it, but maybe a few leftist thinkers would receive a much needed electric shock if they were to see the JQ framed in marxist terms.
Or, more correctly, it would be a re -marriage of anti-Semitism and Marxism. If you have a background in Marxism yourself, maybe you recall reading or hearing about Karl Marx's pre-Kapital classic, On the Jewish Question , where he basically identifies finance-capitalism as a Jewish phenomenon in essence and origin. Money quote :
"Let us consider the actual, worldly Jew – not the Sabbath Jew but the everyday Jew. Let us not look for the secret of the Jew in his religion, but let us look for the secret of his religion in the real Jew. What is the secular basis of Judaism? Practical need, self-interest. What is the worldly religion of the Jew? Huckstering. What is his worldly God? Money. Money is the jealous god of Israel, in face of which no other god may exist. Money degrades all the gods of man – and turns them into commodities . The bill of exchange is the real god of the Jew. His god is only an illusory bill of exchange . The chimerical nationality of the Jew is the nationality of the merchant, of the man of money in general.[ ] The Jew has emancipated himself in a Jewish manner, not only because he has acquired financial power, but also because, through him and also apart from him, money has become a world power and the practical Jewish spirit has become the practical spirit of the Christian nations. The Jews have emancipated themselves insofar as the Christians have become Jews. [ ] In the final analysis, the emancipation of the Jews is the emancipation of mankind from Judaism."
Marx himself, of course, came from a family of rich conversos, so he knew whereof he spoke.
Perhaps some alliances could be forged across the cultural divide in this struggle. Personally I believe that both angles are perfectly valid, and that understanding one without the other will leaves far too much to be desired when studying the powerful.
As a third-way national socialist, I hope so, too. Libertarianism/capitalism and mainline socialism are dead-ends, having both been thoroughly co-opted (founded?) by the Jews. Both fail to address the pink elephant in the corner; both put some hopelessly abstract ideology before the welfare of my people–while benefiting another. And so, as the original NS used to say: 'Neither godless Bolshevism nor soulless capitalism!'
@Ian SmithJUSA , says: December 19, 2019 at 9:59 pm GMTA sassy black women broken in with "Jeffrey Dahmer Ted Bundy they were all white!"
She was wrong even with that category. Blacks are over-represented as serial killers: https://www.scientificamerican.com/article/5-myths-about-serial-killers-and-why-they-persist-excerpt/
Myth #2: All Serial Killers Are Caucasian.Reality: Contrary to popular mythology, not all serial killers are white. Serial killers span all racial and ethnic groups in the U.S. The racial diversity of serial killers generally mirrors that of the overall U.S. population. There are well documented cases of African-American, Latino and Asian-American serial killers. African-Americans comprise the largest racial minority group among serial killers, representing approximately 20 percent of the total. Significantly, however, only white, and normally male, serial killers such as Ted Bundy become popular culture icons.
@Lot Your defense of bond holders do not hold water. They agreed to take the risk at the given price. If the debtor can't pay back, they have the eat the losses, period. Usury law needs to be put in place to outlaw these vulture funds. Then the bond funds will adjust by demanding better terms that truly reflects the risk from the get go, and the debtors will adjust by being much more cautious in their borrowing since the borrowing cost is so high.Art , says: December 19, 2019 at 10:03 pm GMTInstead, this current arrangement basically uses bond funds to put up a false front, telling a debtor they can borrow at 2% when the real rate should be at 20% given the known risks, then the debtor goes crazy borrowing because it's so cheap to borrow, and when they can't pay back, the bond gets sold to the vultures who come collecting at 20% or they seize assets. This is no different than the subprime mortgage crap, except now that is regulated so they go after sovereign debt and corporate debt instead. These vultures need to go die period.
bike-anarkist , says: December 19, 2019 at 10:16 pm GMTTrump is now essentially funded by three Jews -- Singer, Bernard Marcus, and Sheldon Adelson, together accounting for over $250 million in pro-Trump political money. In return, they want war with Iran.
Hmm -- The day after Trump in inaugurated for his second term -- will Iran be in his crosshairs?
We need to think very seriously about that!
@Jimmy1969 This is a great, concise overview of Canadian media influence by the "silent" Jewish overlords via Golden Tree.Anon [112] Disclaimer , says: December 19, 2019 at 10:27 pm GMTI tried copy/paste of your comment on CBC, but it did NOT last 2minutes before being suspended!!
I am sorry to have used your comment without your permission, but I am going to "misspell" some words to defeat the algorithm to get your message across.
@Lot For points 1 and 2, I think that you would learn a lot from reading his previous article ( https://www.theoccidentalobserver.net/2015/08/01/paul-singer-and-universality-of-anti-semitism/ ) on vulture capitalism. It is not just that they are recovering assets from defaults. These vulture groups will use the courts to increase the size of the debts and sue for extra "fees" on top, even when all other lenders are against it. They typically manage to get US courts in NYC to try these cases, which also is apparently abnormal (apparently it would be more normal to use international courts). This is what Joyce refers to here:steinbergfeldwitzcohen , says: December 19, 2019 at 10:27 pm GMT"This type of predation is so pernicious and morally perverse that both the Belgian and UK governments have taken steps to ban these Jewish firms from using their court systems to sue for distressed debt owed by poor nations. "
These funds do not do something that normal investors do, especially not to the bonds of governments of struggling third-world countries.
As for 3, you are misunderstanding. Joyce never demanded that they name their charities anything in particular, but it is obviously the case that your typical normie thinks that "white males," presumably golf-playing Episcopalians or something, are the ones running finance, and these golfy-sounding names (Elliot, Monarch, GoldTree, OakTree, Canyon, Tilden Park) fit the perception. We whites receive the society's hate for the wealth disparities created by high finance.
4. No, it is not difficult to do finance differently. Every other investor has higher patience for poor countries in Central America and Africa, and they all look at Elliot with confused scorn.
And, things would probably run fine without hyper-aggressive multi-billionaires in pushing the courts to f- over those who default on debts they owe to the maximum degree. Japan and Norway do quite fine with businesses that are run by gentle and humble goys who feel ashamed at the thought of getting "too rich."
@J Adleman You will be thrown out.Anon [112] Disclaimer , says: December 19, 2019 at 10:31 pm GMT
You will have to choose between Israel, Ukraine and Patagonia. No one else will take you.
You have destroyed our politics, media and economy.
You are not respected.
You buy compliance with money.
You have bankrupted the U.S. dollar with debt pursuing Israel's enemies.You should pack.
Real Soon.
Good Riddance.@Just passing through I accept the guilt for what whites have done in the past.ANZ , says: December 19, 2019 at 10:32 pm GMTBut whites have become incredibly generous and gentle with the Other. We have turned in the opposite direction, we are not the same.
Great Britain gave up many of its colonies with no fight. Kenya was given up before there was even an anti-colonial movement in Kenya!
We whites are fair-players, and we respect the right of other peoples to self-determination. We haven't in the past, but we have learned.
@mark green Mark, you called out Lot like Joyce called out Singer, et.al. Strong, unequivocal and straight for the jugular.Anon [271] Disclaimer , says: December 19, 2019 at 10:33 pm GMTI like your style here. That was a verbal beat down.
https://www.zerohedge.com/news/2016-08-01/hillary's-latest-headache-skolkovoMefobills , says: December 19, 2019 at 10:38 pm GMTDo any of you goys remember when the Jewish funded Democrats through the US State department gave Russia one third of the US strategic uranium reserve and also funnelled military tech to Russia's Skolkovo Valley? At a time when they were working on the Hypersonic ballistic missile engine?
It's almost like there was this plan for people to move back into Russia, just like China, but for some reason the Russians and Chinese didn't cooperate.
Remember when David Spengler wrote about this a few years back hence?
https://www.nytimes.com/2017/05/20/world/asia/china-cia-spies-espionage.html
Do you think disloyal Jews had anything to do with 18 American CIA assets getting captured and murdered by the Chinese Intelligence services through 2010 to 2012?
Could it be that there were loyal Americans who were interfering with Chinese pay for play with the Jewish nation in the United States? Or might have come upon it?
Imagine being an American military service member knowing that your Jewish commanders and Jewish senior officers have got your back.
It's amazing isn't it.
Clinton was receiving tens of millions of dollars from Skolkovo Valley Syndicate owners in Russia, and in exchange all she gave them were military secrets that may have given Russia for example it's lead in hypersonic military technology.
And then we're told China had a duplicate version of her emails in China, in exchange for what?
US Taxpayer money funded the Russian weapons program.
How much China tech was also funded by US taxpayers?
And then these people accused Trump of collusion with Russia, because the Russians were telling the Trump family that the Magnitsky Act was unjust because the Russians were trying to secure their assets against the kind of predatory practices that lowered Russian mortality to where it's headed in the Midwest. Right now. For the same reasons.
Yeah – this trend is absolutely going to be permitted to continue.
The American nation forewarned and forearmed is simply going to allow itself to go the way of the Russian Slav under a century of Jewish and proto-Jewish (the man who was made to call himself Stalin) leadership.
Maybe, just maybe, an American President might consider a Magnitsky Act the subjects of which were different. Maybe Trump is the last civic-nationalist President, maybe.
Look at how loyal the ruling nation in the United States is to their fellow Americans.
There aren't enough hours in the day to trace the labyrinthine set of Jewish betrayals and asset transferrals – remember the Panama Papers? Remember the Samson Option?
Why won't Browder let the Russians investigate Cyprus?
Maybe good old fashioned local corruption with noblesse oblige is preferable to this international corruption.
The Jews got out-leveraged by the Russians, and now, finally, the Empire might be able to take back Korriban from the Jewdi.
Of course that's impossible. You have to trade one for the other. Just one set for the other set.
If you want to find a list of these capitalists – you just look at who attends the World Jewish Congress Galas.
https://www.henrymakow.com/2019/11/putting-a-face-on-the-illumkinati.html
Here are a few:
" Ira Rennert (net worth $3 billion, previously, $6 billion, investor, known as a "junk bond billionaire," found guilty of corruption in 2015, placed a mill in Baltimore's outer harbor into bankruptcy, causing more than 2,000 workers to lose their jobs, owes Baltimore $8 million in unpaid city water bills, allegedly used money he looted from his business to build a 29-room mansion & compound – a garage holds 100 cars)
Dick Parsons (former Time Warner CEO, CBS chair, & Citibank chair; in 2012 shareholders filed a lawsuit against Parsons and some other executives for "stuffing their pockets while running the bank into the ground")
Ben Ashkenazy (net worth $4 billion, Israeli American real estate tycoon, a benefactor of the 2015 AIPAC Real Estate Luncheon at New York's Grand Hyatt Hotel)
Jack Chehebar (real estate mogul, sued for alleged breach of contract, accused of beating his son)
Ray Kelly (longest serving commissioner in the history of the New York City Police Department, for a period was an Interpol vice president, charged by Muslim groups of discrimination: "The commissioner oversaw a spying program that targeted Muslims based solely on their religion, showed poor judgment by participating in a virulently anti-Islamic film, and approved a report on terrorism that equated innocuous behavior such as quitting smoking with signs of radicalization."What did God say once?
In Genesis 18:32 He said he would spare Sodom and Gamorrah if Abraham could find just 10 honourable men. He couldn't find them. Only the family of Lot.
There isn't much time left. It might simply be the case that the rot goes too deep and too dark.
Valhalla is a worthy place. I think there might be some Russians there, along with the souls of those 18 Americans who were tortured and murdered in China for reasons unknown.
@AntaresJust passing through , says: December 19, 2019 at 10:45 pm GMTCapitalism includes money. You can't separate the risks in lending from other risks. Bad investors should be punished and good investors rewarded. Resources should be well allocated. Otherwise it's not capitalism.
There are different kinds of capitalism. It is part of today's hypnotism that people don't know the different types.
For example, there is finance capitalism, industrial capitalism, and what Andrew Joyce calls vulture capitalism.
Vulture capitalism is a subset of finance capitalism.
Industrial capitalism was invented in the American colonies, especially Massachusetts bay. The American system of economy (industrial capitalism with mixed economy and sovereign money) has since been lost to America, as it imported Jewish/British finance capitalism as the operating construct after 1913.
You can separate risks in lending. That is more hypnosis that you have been imbibing on. The entire corpus of Classical economics goes about trying to separate unearned from earned income, how to tax properly, what is site value, and it also is able to separate risk types.
The fact that you do not know these things is not surprising, as most of western man is living inside of a Jewish inverted reality bubble. The agents of mammon won, and classical economics is not even taught in university.
@Anon I agree about your opinion on Ehitsbike-anarkist , says: December 19, 2019 at 10:47 pm GMT@Happy Tapir Shakespeare was bisexual.Johan , says: December 19, 2019 at 10:56 pm GMTHomosexuality is present in our society, but doesn't register much in demographics and as such, I am happy to call gays as homosexuals. Tackling animus towards homosexuals requires NOT trying to enforce new nomenclature of gender etc., otherwise an unexpected nasty backlash can occur. Within your "ingroup", you can say what you like, but do not try and force ingroup dynamics on the majority that are not interested.
Otherwise, you are behaving by identity politics, just like the Jews force their identity upon the majority.@sally " Time after time I have asked my Jewish friends are you are Zionist, and most say they do not really know what Zionism is? "thotmonger , says: December 19, 2019 at 11:02 pm GMTZionism is a name which is more well known as an identifier by the critical (among the Goy), carrying by now negative connotations. Broadly it is not an ism which is well known to the man in the street. It could well be that among Jews, the name Zionism is only handled by certain groups.
The question should have been rephrased asking what position these Jewish friends take with regard to Israel. It comes down roughly to the same thing.To not know of Zionism might be strategically a good thing, it refers to convergent interests, actually a power block, you don't want to throw around such things, it could make people aware Keep it diluted, diversity, obfuscation.
Ben Franklin and the American revolution was almost put in a similar pinch by the Amsterdam banker Jean DeNeufville. In a letter to John Adams, 14 December 1781*, Franklin explained that DeNeufville wanted as security for a loan "all the lands, cities, territories, and possessions of the said Thirteen States, which they may have or possess at present, and which they may have or possess in the future, with all their income, revenue, and produce, until the entire payment of this loan and the interests due thereon."Mefobills , says: December 19, 2019 at 11:08 pm GMTFranklin considered that "extravagant" but Newhouse rejoined, "this was usual in all loans and that the money could not otherwise be obtained". Franklin retold in this lengthy letter, "Besides this, I was led to understand that it would be very agreeable to these gentlemen if, in acknowledgment of their zeal for our cause and great services in procuring this loan, they would be made by some law of Congress the general consignee of America, to receive and sell upon commission, by themselves and correspondents in the different ports and nations, all the produce of America that should be sent by our merchants to Europe."
Talk about shooting the moon
While Wikipedia says DeNeufville was Mennonite, Franklin concluded with this colorful -- and bitter -- remark , "By this time, I fancy, your Excellency is satisfied that I was wrong in supposing John de Neufville as much a Jew as any in Jerusalem, since Jacob was not content with any per cents, but took the whole of his brother Esau's birthright, and his posterity did the same by the Canaanites, and cut their throats into the bargain; which, in my conscience, I do not think Mr. John de Neufville has the least inclination to do by us while he can get any thing by our being alive. I am, with the greatest esteem, etc., ✪ B. Franklin."
Perhaps it was just an expression based on an earlier stereotype?
*Bigelow, 1904. The Works of Benjamin Franklin, Vol. 9 Letters and Misc. Writings
@steinbergfeldwitzcohen Adrian Salbuchi, an economist from Argentina, does a good job of exposing Zionist plans in Patagonia.Anonymous [147] Disclaimer , says: December 19, 2019 at 11:08 pm GMTIf you google his name along with Patagonia then it will come up with links in Spanish.
Here is a Rense translation:
https://rense.com/general95/pata.htm
What our Jewish friends have done to Argentina, through maneuvering the elections, killing dissidents, and marking territory, is a cautionary tale to anybody woke enough to see with their own eyes.
Zion had the opportunity to go to Uganda and Ugandans were willing, but NO Zion had to have Palestine, and they got it through war, deception, and murder. It was funded by usury, as stolen purchasing power from the Goyim.
The fake country of Israel, is not the biblical Israel, and it came into being by maneuverings of satanic men determined to get their way no matter what, and is supported by continuous deception. Even today's Hebrew is resurrected from a dead language, and is fake. Many fake Jews (who have no blood lineage to Abraham), a fake country, and fake language. These fakers, usurers, and thieves do indeed have their eyes set on Patagonia, what they call the practical country.
@Digital SamizdatJohan , says: December 19, 2019 at 11:15 pm GMTUnz is an ideal hangout for left/right fusionists who don't fit in perfectly with either side, but are interested in hearing from both
You just described me to a tee. I defy categorization, especially ideological ones (although I half jokingly refer to myself as a free-thinkist), and I feel this makes me weird.
I've been to TOO. However I can't bring myself to start commenting on a white nationalist website. I will admit I am unable to articulate this discomfort presently.
As to your point about Marx – I actually forgot about his work on the JQ. The Saker, who is a columnist on this site, referenced Marx's essay on the JQ some time ago. I must have not read the whole thing or I'd have remembered it. I didn't know that Marxism originated with anti-Semitism, but that is fascinating. I have encountered some Marxists in my time and they focus exclusively (predictably) on the cis-white-male patriarchy, or whatever occupies their brainwashed minds after an Introduction to Gender Studies class.
@Anon "If debts can simply be repudiated at will, capitalism cannot function."secondElijah , says: December 19, 2019 at 11:18 pm GMTIs this children's capitalist theory class time? throwing around some simple slogans for a susceptible congregation of future believers?
Should be quite obvious that people, groups of people, if not whole nations , can be forced and or seduced into depths by means of certain practices. There are a thousand ways of such trickery and thievery, these are not in the theory books though. In these books things all match and work out wonderfully rationally
Then capitalism cannot function? Unfortunately it has become already dysfunctional, if not a big rotten cancer.
@J Adleman Your God must be anti-Semitic as well?tomo , says: December 19, 2019 at 11:28 pm GMTIsaiah 1:4 4 Alas, sinful nation, A people laden with iniquity, A brood of evildoers, Children who are corrupters! They have forsaken the LORD, They have provoked to anger The Holy One of Israel, They have turned away backward.
Ezekiel 21:25 25 'Now to you, O profane, wicked prince of Israel, whose day has come, whose iniquity shall end
Jeremiah 5:9 Shall I not punish them for these things?" says the LORD. "And shall I not avenge Myself on such a nation as this?As Jesus said which of the prophets have you not killed or persecuted? The truth hurts. As for me I do not hate Jews ..I feel terribly sad for a people that are capable of greatness and squandered the gifts given to them by God. Are you a holy nation? Don't make me laugh. Repent. Your time is coming. No more running and hiding. Deception will no longer save you only acceptance of the Messiah.
@Father O'Hara he can't be bargained with,he can't reasoned with,he doesn't feel pity,remorse,or fear "utu , says: December 19, 2019 at 11:29 pm GMTIn other words – a 'culture' as a PSYCHOPATH
it's a well-oiled psychopath support group@Mefobills " classical economics is not even taught in university." – Could you recommend some books?Clutch these pearls, sqrt, sqrt, sqrt , says: December 19, 2019 at 11:36 pm GMTHey! Don't mention anything a Jew ever did, especially usury, or else the entire cult will go up in a holocaustal mushroom cloud of emo nasal whining. In Judaism you've got a fanatical sect that systematically selects and brainwashes its members to inculcate extreme values of two Big Five personality axes: high neuroticism and low intellect (where intellect means open-mindedness.) Note the existential crisis triggered by a straightforward lecture from The Society for the Study of Unbelievably Obvious Shit.tomo , says: December 19, 2019 at 11:41 pm GMThttps://www.tabletmag.com/jewish-news-and-politics/295595/pride-and-prejudice-at-fieldston
Of course Israel is holocausting the Palestinians. This is what happens when the founding myth of a nation is, We wiped em all out and then they wiped us almost all out so now we gotta wipe em all out etc., etc., etc.
Fuck Israel. Fuck the Jewish State.
@J.W. "Relationships with narcissists are no fun"Tusk , says: December 19, 2019 at 11:49 pm GMTWell, the only difference between a narcissist and a psychopath is that the former need people to like them whereas psychopaths genuinely could not care less (although they learn early that acting as if they do can be very helpful , as can always trying to elicit sympathy etc).
As I noticed while reading a few books on psychopathy (I was inspired to after reading Steve Job's biography) – their whole 'culture' is structured as a (collective ) PSYCHOPATH.
It seems that (collectively) they cannot care about others even if they wanted to. Due to their sicknessI am not saying they are all that way – but overall their 'culture' seems to be that way
@Digital Samizdat Indeed I cannot agree more. I quote from a 1923 interview of Hitler:Skeptikal , says: December 19, 2019 at 11:56 pm GMT"Why," I asked Hitler, "do you call yourself a National Socialist, since your party programme is the very antithesis of that commonly accredited to socialism?"
"Socialism," he retorted, putting down his cup of tea, pugnaciously, "is the science of dealing with the common weal. Communism is not Socialism. Marxism is not Socialism. The Marxians have stolen the term and confused its meaning. I shall take Socialism away from the Socialists.
"Socialism is an ancient Aryan, Germanic institution. Our German ancestors held certain lands in common. They cultivated the idea of the common weal. Marxism has no right to disguise itself as socialism. Socialism, unlike Marxism, does not repudiate private property. Unlike Marxism, it involves no negation of personality, and unlike Marxism, it is patriotic.
And so we see the truth of the matter revealed.
@Colin Wright The Sacklers occupy a hoity-toity rung in the philanthropy universe, as they have given enough $$$ to Harvard for H to paste their name on its museum housing I believe its whole Asian art collection. Students have now protested Harvard's high-profile gift of probity and cultural status to the Sacklers via, literally, an "Aushangerschild" on a major university museum. Harvard protests back: Jeez, if we don't take the Sacklers' dough we might be obliged to stop taking the dough from Exxon, etc.Skeptikal , says: December 19, 2019 at 11:59 pm GMT@Colin Wright "Lot had a go. Anyone else care to offer a rebuttal?"tomo , says: December 20, 2019 at 12:04 am GMTYou sound like a self-appointed moderator/sheepdog.
@Anon you are right about repaying the loanMarkinLA , says: December 20, 2019 at 12:14 am GMT
but Banksters have managed over decades I think starting with Clinton to remove protection laws (which were stating how much interest was the maximum a bankster could charge his pray etc). They also removed the rules of how much was the maximum they could lend (according to how much their victim makes a year etc).
So even though you are right that loans should be repaid – it is immoral to allow a well connected mafia to change all the laws and remove protections while pushing up prices of everything because it suits the lender (who has a licence to print).
They basically lend money that does not exist and get interest for that. So the more sheeple are tricked into borrowing the better for them, but the worse for everyone else
They should not be allowed to bribe politicians to remove all the protection that was there since 1920s I think.
It's a marriage from hell: easy to bribe Anglosheep meets the masters of predatory bribing who own the printing press@silviosilver https://qz.com/1001650/hedge-fund-billionaire-paul-singers-ruthless-strategies-include-bullying-ceos-suing-governments-and-seizing-their-navys-ships/lavoisier , says: Website December 20, 2019 at 12:22 am GMTYes, but the Argentine bond situation was particulary crappy and not what happens when a typical bondhoder is forced to take a hit.
@anonPCA , says: December 20, 2019 at 12:24 am GMTThat stupid cuck Trump just got impeached by the House. Thats a good lesson to everybody how much good Jew-ass kissing does for you .you get stabbed in the back anyway lol
Couldn't have happened to a more deserving and treacherous scumbag!
But he should have been impeached for his treachery to the constitution and to the American people for his slavish devotion to all things Jewish!
@mark green The singular is PHENOMENON for God's sake. Phenomena is plural.BannedHipster , says: Website December 20, 2019 at 12:26 am GMTHave Americans always been this illiterate?
@Digital Samizdat True, but irrelevant. The Jews that matter don't read the Talmud or believe in "Adam and Eve."Daniel Rich , says: December 20, 2019 at 12:31 am GMTIt's 2020. The Jewish religion is "The Holocaust" and we're all "Nazis."
Frankly, it's these traditional religious notions of "anti-semitism" that get in the way of understanding what is, at the core, an ethnic issue. It's Sheldon Adelson, the Zionist entity in Palestine, and the ADL that are the problem, not some looney-tunes rabbi living in Brooklyn.
@Digital Samizdatutu , says: December 20, 2019 at 12:45 am GMTBut I see all kinds of people even on this thread blaming the victim instead -- 'Damn goyishe deadbeats!' Whatever
The number of families who're unable to pay an $500 emergency bill is staggering as is the number of families being 1 paycheck away from bankruptcy.
Yes, some people are totally irresponsible and burn through their money faster than it can be printed, but not all 55,000,000 of 'em.
@Mefobills Market Forces and Santa ClausRafael Martorell , says: December 20, 2019 at 12:47 am GMTThe other side of the expalnation is the laking of reaction of the victim,the american people.Milesglorious , says: December 20, 2019 at 12:50 am GMT
The least that the people that loot the world trough and with the USA power should do, is ,at least ,let us,the american people, a free ride.@anarchyst And when it comes, vae victis.Frank Frivilous , says: December 20, 2019 at 12:51 am GMTWell, DynCorp has a particularly insidious reputation beyond your run of the mill Usury.Rafael Martorell , says: December 20, 2019 at 12:59 am GMTNot illegal in the Talmud either but most certainly illegal in all of the countries that DynCorp was caught profiting from this type of business. For some reason they never seem to suffer for their exposure suggesting that they may be wielding the same influence that Epstein had over our elected officials.
We dont have to get back to the Singer of this world but to our own politicians ,that allowed them to do this to us,and to the world.In this kind of abusive realtionship the 2 sides are to blame.Thomasina , says: December 20, 2019 at 1:14 am GMT@Just passing through "Look up income by ethnic group in the UK and US, you will find that Indians and Chinese (South Asians) are the richest in both countries (except for Jews of course)."Isthatright , says: December 20, 2019 at 1:23 am GMTAnd why is that? Think about it. These are members of the Indian and Chinese elite who the multinational corporations are doing business with.
In order to do business in China, the Chinese stipulated that the western corporations had to give one of the members of the Chinese elite half ownership in the company. They were also required to turn over the western technology to the China-based company. Western technology, western money, cheap Chinese slave labor, ability to pollute to your heart's content. For both sides, it was a win-win. The Chinese elite got filthy rich and then moved over to the West with their newfound gains, buying up properties, forcing prices up for the natives. The western corporations not only wanted cheap products to export back to the U.S., but they were also developing a whole new market – Chinese consumers who would buy their products as well. Double plus good!
And once in the West, the Chinese and the Indians stick to their groups. They hire their own, promote their own, do business together. A lot of corruption, money laundering, cheating, taking advantage of and bending laws. Rule of law? Code of ethics? Morals? Do unto others? They never learned it. Opportunistic dual citizens.
@Colin Wright Tucker is smart. He never uses the J word. Great article.Fayez chergui , says: December 20, 2019 at 1:31 am GMTThe only path to understand the spirit of jews to money is to read the Old Testament : clear and sharp.lavoisier , says: Website December 20, 2019 at 1:42 am GMT@utuRebel0007 , says: December 20, 2019 at 1:42 am GMTI would not count on the effect of the electric shock on the leftist thinkers. The role of Jewish Bolsheviks in the Cheka, NKVD, GULAGs, genocides by famine has been known from the very beginning and yet it left no impact on the leftist thinkers.
It unfortunately has not had much of an effect on a lot of people in the West, who remain ignorant or in denial of the role played by Jewish Bolsheviks in historic mass murders and totalitarian repression.
Waiting for the Hollywood movie to tell the story.
[Too much totally off-topic crackpottery. Stop this or most of your future comments may get trashed.]Mefobills , says: December 20, 2019 at 2:02 am GMT@utu Utu,9/11 Inside job , says: December 20, 2019 at 2:10 am GMTI recommend starting with Zarlinga and "The Lost Science of Money."
https://www.monetary.org/buy-the-book
This is an expensive, weighty, and important book, which will take some time to digest.
Classical economists re-learn the science of money, starting with Prodhoun and even Marx in Das Kapital volume 3. (Leftists are often correct about money, but wrong on social issues.)
The jew Marx does do some deception in volume 3 with a sneaky equation that does not compound interest, but otherwise he is pretty accurate. Marx was probably beholden to his finance masters.
This is why you need to start with Zarlinga, as there is no BS to lead you astray. Hudson tends to drill the bulls-eye too. There is so much deception in the field of money and economy, that it is easy to get caught up in false narratives, like one-born free libertarianism. Usury flows fund the deception, even to the point of leaving out critical passages in translations, such as in Aristotle's works. Or, important works are bought up and burned.
Michael Hudson is the leading economist resurrecting Classical Economics. Reading all of Hudson and Zarlinga will take some time and effort, but it is good to take a first step.
@Anon I respectfully disagree that "Kenya was given up [by Great Britain] before there was even an anti-colonial movement in Kenya ."Realist , says: December 20, 2019 at 2:17 am GMT
According to Wikipedia : " The armed rebellion of the Mau Mau was the culminating response to Colonial rule . Although there had been previous instances of violent resistance to colonialism , the Mau Mau revolt was the most prolonged and violent anti-colonial warfare in the British Colonial colony. From the start the land was the primary British interest in Kenya ."
Just as the Kenyans suffered the consequences of British colonialism , the "Palestinians will suffer
the consequences of Zionist colonialism until Israel's original sin is boldly confronted and justly remedied " foreignpolicyjournal.com@the grand wazooCitizen of a Silly Country , says: December 20, 2019 at 2:20 am GMTNo, not stupid whites, they're not to blame. It's the greedy corrupt politician: white, black, or white jew, who are to blame.
Who votes these greedy corrupt politicians into office? Hint: It is Whites who are the majority.
@anon A particular distinction of Jewish investors versus gentile investors – on average, of course – is their use of bribery to get the force of government behind them. Rather than taking a bet about some group being able to pay back some bonds and letting the chips fall where they may, Jews start bribing or influencing politicians to force that group to pay back the bonds.Thomasina , says: December 20, 2019 at 2:22 am GMTBuy some bonds, charge outrageous fees, bribe officials in some form or other, get govt to force the payment of bonds and outrageous fees. Rinse and repeat. Jews have been doing this in some form aor another for 1500 years. It's why the peasants get a tad angry at both the Jews and their bribed politicians/nobility.
@lavoisier "But he should have been impeached for his treachery to the constitution and to the American people for his slavish devotion to all things Jewish!"Robert Dolan , says: December 20, 2019 at 2:37 am GMTA purely political impeachment, right down party lines. I hear Schiff has got his hands full of Ukrainian-Jewish oligarchic money. Dear me, wait until that comes out.
Trump is in league with the Jews? Yeah, who isn't? Obama's lips are still sore from kissing Jewish Wall Street bankers' asses (notice that none of them went to jail). Same with the Clinton's.
You can get politicians to pass all sorts of laws in your favor if you've got enough dirt on them. After all, your side owns the media, Hollywood, academia, the courts, the banks.
If dirt doesn't work, you can always threaten to impeach them in order to get what you want.
But Trump is also revealing every last dirty one of them (accidentally or on purpose). People see them now.
The jews suck.Colin Wright , says: Website December 20, 2019 at 2:49 am GMTTrump sucks.
All decent people should stand up and fight against these scumbags.
They can't play whack a mole with all of us.
@Informed Reader 'Colin Wright: Tel Aviv University's Medical School is called the "Sackler Faculty of Medicine." Does that help answer your question?'tomo , says: December 20, 2019 at 2:50 am GMTThat sort of thing is what led me to ask the question.
@Father O'Hara I now use therm 'Weinsteined' to mean 'raped' (by jewish banksters, investors etc)Also Jewish , says: December 20, 2019 at 2:52 am GMT@J Adelman J Adelman comes out swinging. He's such a tough guy. But does he make sense? Does he care if he makes sense? The writer is talking about those Jews who are vulture capitalists. He's not talking about every Jew. Isn't it a little odd that nearly all of these funds are run by Jews? Can your corrupt mind accept that fact and address the question? Or are you going to bore us with your religion and by that I mean your obsession with anti-semitism, which is your religion.tomo , says: December 20, 2019 at 3:00 am GMT@bike-anarkist I posted the same comment on the Facebook a few hours ago and it's still thereColin Wright , says: Website December 20, 2019 at 3:04 am GMT@Art 'Hmm -- The day after Trump in inaugurated for his second term -- will Iran be in his crosshairs?Longfisher , says: December 20, 2019 at 3:13 am GMTWe need to think very seriously about that!
My guess is Iran is in the crosshairs.
Trump probably promised he'd start the war as soon as he was elected the first time -- but he putzed around, and now it's almost 2020.
Adelson et al are pissed -- but Trump's got a point. If he starts the war now the unknown Democrat will win -- and do you trust their word instead?
They just gotta trust Trump. Let him get reelected -- then he'll come through.
This is one of those cases where I'll be happy to be proved wrong -- but such is my suspicion.
No surprise here. They're Jews aren't they. Utterly predictable.mark green , says: December 20, 2019 at 3:23 am GMT@PCA Stop splitting hairs. Is this the best you can do? Are you one of Lot's cronies? I don't normally address petty matters of this kind but Joyce is describing a multitude of sins and misconduct orchestrated by various Jewish financiers around the globe. It is not merely one phenomenon; thus, 'phenomena' fits. Go troll someone else.anon [125] Disclaimer , says: December 20, 2019 at 3:44 am GMTLobelog ran some articles in Singer, Argentina, Iran Israel and the attorney from Argentina who died mysteriously . Singer is a loan shark. Argentinian paid dearly .mcohen , says: December 20, 2019 at 3:54 am GMTGoogle search –
NYT's Argentina Op-Ed Fails to Disclose Authors – LobeLog
https://lobelog.com/nyts-argentina-op-ed-fails-to-disclose-authors-financial-conflict-of-interest/
Dec 13, 2017 Between 2007 and 2011, hedge-fund billionaire Paul Singer contributed $3.6 million to FDD. That coincided with his battle to force Argentina toFollowing Paul Singer's Money, Argentina, and Iran – LobeLog
https://lobelog.com/following-paul-singers-money-argentina-and-iran-continued/
May 8, 2015 As Jim and Charles noted, linking Singer to AIPAC and FDD doesn't between Paul Singer's money and those critical of Argentina, Sen.Paul Singer – LobeLog
https://lobelog.com/tag/paul-singer/
Paul Singer NYT's Argentina Op-Ed Fails to Disclose Authors' Financial Conflict of Interest by Eli Clifton On Tuesday, Mark Dubowitz and Toby Dershowitz, two executives at the hawkish Foundation for Defense of Democracies (FDD), tookThe Right-Wing Americans Who Made a Doc About Argentina
https://lobelog.com/the-right-wing-americans-who-made-a-doc-about-argentina/
Oct 7, 2015 One might wonder why a movie about Argentina, in Spanish and . of Nisman's and thought highly of the prosecutor's work, told LobeLog, FDD, for its part, has been an outspoken critic of Kirchner but has From 2008 to 2011, Paul Singer was the group's second-largest donor, contributing $3.6 million.NYT Failed to Note Op-Ed Authors' Funder Has $2 Billion
https://fair.org/home/nyt-failed-to-note-op-ed-authors-funder-has-2-billion-motive-for-attacking-argentina/
Dec 16, 2017 Paul Singer FDD has been eager to promote Nisman's work. Singer embarked on a 15-year legal battle to collect on Argentina's debt payments by This alert orginally appeared as a blog post on LobeLog (12/13/17).@mark green Mark green the queen of self rightousness.Daniel Rich , says: December 20, 2019 at 4:02 am GMTThere are many non jews runny vulture funds worldwide with at least 100 in china alone.
The list joyce provided is selective and politically motivated.There are many more non jews who are guilty of financial crimes.The jails are full of them.
The vulture funds are a product of a system that punishes failure.Do not blame the funds,blame the system.
This story and like many that appear here is designed to pressure israel to change politically.Israels future lies in the hands of God not some mutt with a serious case of mutters.
sally , says: December 20, 2019 at 4:07 am GMTIt is not merely one phenomenon; thus, 'phenomena' fits.
You're absolutely correct.
On the upside, these trolls happily turn 'Vertebra' into Vertebron' just to p *** someone off :o]
@Lot venture capital funds are only made necessary because we have a federal reserve.. which is a private bank and private banks want to earn interest.redmudhooch , says: December 20, 2019 at 4:13 am GMTconsider the difference between when a private lender makes loans to the USA (treasury)
on the books of the feds is the followingdue from the USA $11,000
new cash printed and given to dumb clucks at the USA $10,000
profit on the loan $ 1,000
what happened here is the fed printed $10,000 in new bills.
Assume the loan made at 10% interest and it is due in 1 year.Ok so what is the loan on the USA books
cash $10,000
amount payable to the Federal Reserve $11,000
loss on the deal $ 1,000this loan becomes the loan on the local bank books
the government gives the bank its loan and its obligation to repay the principal plus interestIf there were no interest (that is the government printed its own money and made
venture loans to entrepreneurs at 0% interest the entries would look like this )
Amount due in one year from venture borrower $10,000
new cash printed and loaned to venture $10,000so if the venture guy spent the $10,000 and then went broke the treasury would still gets its money back in taxes from those who earned profit the money the venture paid.. no one has to beat somebody to pay the interest (the economy does not have the extra $1000 dollars in interest so somebody has to lose)
When interest must be paid its like musical chairs.. each time the music stops there are not enough chairs to go around, someone is left standing ( its like that in money lending, the debtors dance until the music stops, but because the private bank only put the principal amount $10,000 in circulation the guy needs $11,000 to pay the loan back where does he get the extra $1,000? <=If ten $10,000 loans are made, and 1 guy goes broke, there will be enough cash in the system for the 9 others to pay the interest they each owe and enough for the local private bank and lawyers to get paid for handling the bankruptcy. . <= we started with 10 loans, one loan went broke the 9 remaining borrowers each pay $11,000 to retire the debt , there are 9 loans "$99,000 to repay them and $1000 to pay debt service costs and legal fees.
if there were no interest on the loans, the bankruptcy would not matter.
What makes the venture capitalist have a business at all is the Federal reserve is a private profit making bank. Lending printed money from the Federal reserve requires interest to be paid, and that requirement of interest makes the economy horde its capital and the economic players playing king of the mountain to get the extra money they need to pay the interest . ..
Zionism brought private banking to the USA and the USA wrote a tax law to collect the money from the Americans it governs to pay the interest on the debt.
this is a really simplistic description of what is happening to our economy so don't rely on it but instead use its simplistic idea to model the impact of having interest on the national debt is having each year. If our government reversed what it privatized to the Federal Reserve, we could make the economy run more or less as we please. \we could eliminate the national debt and with it income tax es.
Typical Jew baiting article. Mitt Romney isn't a "Jew" Ashish Masih isn't. Many more examples of gentiles taking advantage of their brothers. May as well consider the Walton family of Wal-Mart to be vultures as well since they benefit the most from this system, they're so called Christians, not Jews. The problem is capitalism. Author seems to suggest that a moral economic system has been corrupted. The system was designed in an era of widespread slavery folks. Its an immoral system that requires theft, slavery, war, immigration, all the things you hate, to survive. The system is working exactly as it is designed to work. Exploit workers, the environment and resources, shift all the profits from workers to the owners of capital, period. Welcome to the late stage, it eats and destroys itselfThomasina , says: December 20, 2019 at 5:31 am GMTFrom the days of the colonists slaughtering the Injuns and stealing their land. The days of importing African slaves, and indentured servants. The days of child labor and factory owners hiring Pinkertons to gun down workers who protested shitty wages and working conditions. The good ol days of the gilded age. Now the age of offshoring to China or some other lower wage nation. Overthrowing leaders not willing to let their resources and people be plundered and enslaved, driving refugees to our borders fleeing violence and poverty. Importing H1B workers to drive down wages. It was always a corrupt system of exploitation/theft/slavery. This is nothing new and doesn't require "Jews" to be immoral.
And all these so called "Christians" like Pastor Pence approve. Usury and capitalism run amok. I'm sure Jesus is smiling down on all these Bible toting demons who allow their fellow man to be exploited by the parasites. Sad!
Good for Tucker. He has his moments I'd watch his show if he wasn't a partisan hack. But that will never happen working for Fox or any other corporate media.
@Anon You've read "Red Notice", but that is only Browder's side. To get the other side, read these articles from Consortium News:Thomasina , says: December 20, 2019 at 6:18 am GMT@Colin Wright I doubt Trump promised to go to war with Iran before he was elected. In his Inauguration Speech, Trump said he wanted to bring the troops home and stop the wars. He didn't have to say these things, he had already won the election, but he said them anyway.Wally , says: December 20, 2019 at 6:55 am GMTOne of the few times the media has laid off Trump was when he sent some missiles into Syria (after he gave them hours of warning ahead of time that the missiles were coming). If Hillary had been elected, Syria would have been leveled by now and flying an Israeli flag.
Obama brought us the destruction of Libya and the murder of Gaddafi, the coup in Ukraine, and through ISIS, which the U.S. armed, trained and paid for, tried to destroy Syria.
I don't really blame Obama or Bush Jr. or Clinton. They were all puppets who did as they were told. If they hadn't, in the words of Chuckie Schemer, there would have been "six ways from Sunday of getting back at them".
If you don't do what they want, you're impeached, some of your dirty laundry is aired, or they purposely crash the stock market on you. If you still don't get the message, maybe you're just assassinated.
Trump loves his daughter and she is married to a Jew. If they're not getting their way, I could see them telling Trump: "Sad what happened at the Pittsburgh synagogue, isn't it? Sure hope nothing like that happens to your daughter."
I don't envy Trump. He not only is up against the Democrats, but he is also fighting the globalist neocons in his own party. Both parties want open borders and more war, something Trump does not believe in. As far as I can see, he's throwing them bones in order to shut them up. If he gets elected again, which I think he will, we might see a different Trump. Who knows.
@Just passing through IOW, you can't answer my questions:Wally , says: December 20, 2019 at 7:01 am GMT– What "WASP looting" was that?
– And what "deal" was supposedly struck?
– You then desperately change "WASPS" to 'whites' and still flounder.
– Unproductive, lazy Puerto Rico? It has received much more than it deserved.
'It's so bad for them', yet they always vote against independence. Oops!– Vietnam & Congo can choose as they wish, it is they who vote for their leaders.
In fact, Congo was better off with colonialism.– Then you change the subject to Epstein. Pathetic.
@Robert Dolan Of those running for US President, who then do you prefer?A. Benjamine Moser , says: Website December 20, 2019 at 8:15 am GMTAnd why?
@Jimmy1969 I think this deal has already taken place. Israel has given away to China for 99 years the hall commercial incomming This deal has taken place 2 or 3 years agoThomasina , says: December 20, 2019 at 8:52 am GMTAndrew Joyce – that was an incredibly well-written and informative article. Thank you very much.Laurent Guyénot , says: December 20, 2019 at 9:11 am GMTDon't blame it on the Talmud. These Jews act in accordance to their Torah: "If Yahweh your God blesses you as he has promised, you will be creditors to many nations but debtors to none; you will rule over many nations, and be ruled by none" (Deuteronomy 15:6). "feeding on the wealth of the nations" (Isaiah 61:5) is Israel's destiny according to Yahweh.NoseytheDuke , says: December 20, 2019 at 9:12 am GMT@mcohen I took a squint at both your own and Mark Green's comment history. Your comment history cannot even begin to compare in value, but I should have already guessed that from the name-calling in the first line of your comment. Just weak, extremely weak.ivan , says: December 20, 2019 at 9:38 am GMTRather amusing to read our resident Jewish apologists carrying on about the absolute sanctity of the necessity of collecting debts to the functioning of the capitalistic system. These nations and corporate entities that are now in thrall of the Wall Street Jews , were herded into debt by that other faction of the capitalist system, the dealers in easy money. Snookering the rubes into lifelong debt, telling them that money is on the tap, promoting unsustainable spending habits and then let the guillotine come down, for the vultures to feed on. They are two sides of the same coin.PaddyWhack , says: December 20, 2019 at 9:58 am GMTIts damned funny that the rich Jews nowadays are absolutely addicted to usury, rentier activities, and debt collection, when the Bible itself condemns such activities. But they are our elder brothers in faith according to some.
@Colin Wright Carnegie was a Protestant. The Protestant cancer serves it's Jewish masters. Read 'The Jewish Revolutionary Spirit' by E. Michael Jones. There is definitely a revolutionary nature to the international Jew just as there is to their Protestant dupes. Jewish nature is to subvert the natural order and the west was built by the guidance of LOGOS. The Catholic Faith created by God guided the creation of the west. These Jewish exploits are a result of the Wests rejection of its nature and its enslavementCalvin Simms , says: December 20, 2019 at 10:12 am GMTAmazing article from the ever insightful Andrew Joyce. The usual apologists are sputtering to try to mitigate the damage, but the game is almost up.anno nimus , says: December 20, 2019 at 10:38 am GMT1. rich or poor, creditor or debtor, in the final analysis, ultimately, all will become equal in the grave. the filthy rich might decide to lay their corpses in coffins made of gold, but it will be in vain. the sorrows and the joys of this fleeting world shall quickly pass like the shadow.Wizard of Oz , says: December 20, 2019 at 10:38 am GMT
2. talmudics feel the need to accumulate money in order to have sense of security since they were stateless for two millennia. paradoxically, amount of wealth is indirectly proportional to a sense of security, provoking backlash from aggrieved host people.
3. establishment of State of Israel did not reduce the need for the accumulation but has only heightened it since now talmudics feel the need to support it so that she could maintain military superiority over neighbouring threats.
4. as long as Palestinians are not free and Israel does not make peace, talmudics will continue to meddle in American politics. if you don't want to save the Palestinians for the sake of humanity and truth or justice, at least you should do it for your own sake.
5. loan sharking, vulture whatever, etc., is the ugliness of big capitalism with capital C, what is beyond sickening is the promotion of sodomy. if one becomes poor or homeless, it's a pity. to go against nature is an abomination.
6. by using such words as "homosexual" you have accepted the paradigm of the social engineers and corruptors, and are therefore collaborating with them. words have consequences since that is how we convey ideas unless you own Hollywood and can produce your own moving pictures too.
7. talmudics is a better word than as a great American scholar says, since people who promote sodomy are absolutely opposed to the Torah (O.T.). those who still struggle to follow it couldn't care less what happens to benighted goyim, only becoming reinforced in pride of their own purity as opposed to disgraced nations. thus, practically, they too are talmudics, alien to the spirit of the ancient holy fathers and prophets of Israel. the word "Orthodox" has been stolen and now has lost all meaning or it means the exact opposite of what it originally meant.
8. Blessed are the meek, for they shall inherit the earth. Matthew 5:5@Colin Wright Well there's nothing wrong in principle about specialists in valuing distressed debt and managing it nuying such debt and using the previously established mechanisms for getting value out of their investment. So the problem is how they go about enforcing their rights and the lack of regulation to mitigate hardship in hard cases.eah , says: December 20, 2019 at 10:57 am GMTStill it is notable that it should, overwhelmingly be a Jewish business and such a powerful medium for enriching Jewish causes and communities at the expense of poor Americans.
@Realist Turnout in the 2018 midterms was only 50% , and that was the highest for a midterm election since 1914 -- normally turnout in midterms is < 40% -- even in the 2016 presidential election, which at least on the surface was fairly polarizing (largely due to Trump's rhetoric, which in the end was little more than just rhetoric), turnout was < 60%.PetrOldSack , says: December 20, 2019 at 11:02 am GMTWhile Whites theoretically still have the numbers to affect/determine the outcome of elections, a majority of Whites usually stay home because they are tired of the 'evil of two lessers' choice they are offered -- even voting for Trump got them little/nothing.
@Bardon Kaldian Change the sýstemics of society and the Jewish question will disappear. No less.9/11 Inside job , says: December 20, 2019 at 11:30 am GMT@Colin Wright George Bush needed Tony Blair's support to attack Iraq , Donald Trump now has the support of Boris Johnson to attack Iran : "Boris Johnson refuses to rule out military intervention on Iran ." metro.co.ukRobjil , says: December 20, 2019 at 12:01 pm GMT
It is said that the "deep state " removed Theresa May from office as she was "too soft" on Iran . As you suggest the attack will not happen until Trump's second term unless, in the meantime , there is a false flag attack like 9/11 which can be blamed on the Iranians .East Asians have freedom of speech. That is all that is needed to end Jewish Mafia vulture capitalism. If it was Italian Mafia vulture capitalism, the west would end it a few seconds. When one is in a "no see, no say, no hear" tribal group one can get away with everything. East Asians don't believe in hiding reality.Realist , says: December 20, 2019 at 12:07 pm GMTHere is more on how Samsung fought back against little Paulie.
This is a summary of the article.
Samsung published controversial sketches in response to row over merger
Jewish U.S. hedge fund boss Paul Singer was trying to stop a Samsung business deal
In response the firm released cartoons on its website depicting Singer as a vulture
A row has broken out in South Korea with media there describing Jews as 'ruthless' with money
Merger between Samsung C&T and Cheil Industries was approved todayThis is how Paulie's row with Samsung started.
These are the extraordinary cartoons Samsung posted on its website which reportedly depict a Jewish hedge fund boss as a money-grabbing vulture.
The row between Samsung and one of its major shareholders, Paul Singer, has sparked an anti-Semitism row in South Korea.
Harvard-educated Mr Singer, 70, whose hedge fund Elliott Management owns a seven per cent stake in Samsung C&T fell out with the company after he objected to a merger deal.
Cartoons shown what Paul's company did to the Congo, just one of many nations he pillaged.
In response Samsung posted a number of inflammatory cartoons on its website showing Mr Singer as a long-beaked vulture, which have since been taken down.
In one of the sketches a poor-looking man goes, cap in hand, to the vulture who has an axe hidden behind his back.
The caption reads: 'Elliott Management's representative method of earning money is, first of all, to buy the national debt of a struggling country cheaply, then insist on taking control as an investor and start a legal suit'
In another people appear to be dying in the desert from dehydration. Underneath is the caption: 'Because of it, Congo suffered even more hardship'.
This is believed to refer to Elliott Management's business dealings in the Congo.
Samsung wanted to keep their company in the Lee family. They did not want a Jewish Mafia tribal group take over.
The bitter fall out came because Samsung Group's founding family wanted to complete a merger with its holding company Cheil Industries and Samsung C&T to shore up its control of the firm as its chairman, Lee Kun-hee's health is in decline.
In the End, Samsung won. Paul lost.
The Lee family, who control Samsung, owns 43 per cent of Cheil Industries. The controversial merger was finally approved today.
South Koreans are not shy to express reality as it is. The west has to learn the value of freedom of speech before it too late for the west.
But the row has sparked an outpouring of anti-Semitism in South Korea.
One columnist described Jewish money as 'ruthless and merciless'.
And on Tuesday the former South Korean ambassador to Morocco Park Jae-seon expressed his concern about the influence of Jews in finance.
In an extraordianry outburst he said: 'The scary thing about Jews is they are grabbing the currency markets and financial investment companies.
'Their network is tight-knit beyond one's imagination,' Park added.
The next day, cable news channel YTN aired similar comments by local journalist Park Seong-ho.
'It is a fact that Jews use financial networks and have influence wherever they are born,' he said.
Neither Park Jae-seon and Park Seong-ho were available for comment.
In a piece published a fortnight ago, Media Pen columnist Kim Ji-ho claimed 'Jewish money has long been known to be ruthless and merciless'.
@eahDigital Samizdat , says: December 20, 2019 at 12:09 pm GMTWhile Whites theoretically still have the numbers to affect/determine the outcome of elections, a majority of Whites usually stay home because they are tired of the 'evil of two lessers' choice they are offered -- even voting for Trump got them little/nothing.
I said nothing of an electoral solution to America's problems the problems will not be solved that way.
@Art That scary thought has crossed my mind, too, Art. I've even started wondering if this whole impeachment circus is really part of an elaborate plot to guarantee Trump's re-election. I mean, would Pelosi's insane actions make the slightest sense otherwise? And everyone has noted how this is such a 'Jew coup,' haven't they? It all looks so suspiciousDigital Samizdat , says: December 20, 2019 at 12:18 pm GMT@MefobillsDigital Samizdat , says: December 20, 2019 at 12:33 pm GMTWhat our Jewish friends have done to Argentina, through maneuvering the elections, killing dissidents, and marking territory, is a cautionary tale to anybody woke enough to see with their own eyes.
Yup. And don't forget that ongoing Zionist psy-op known as the AMIA bombing: https://thesaker.is/hezbollah-didnt-do-argentine-bombing-updated/
@BannedHipsterJust passing through , says: December 20, 2019 at 12:33 pm GMTTrue, but irrelevant. The Jews that matter don't read the Talmud or believe in "Adam and Eve."
Whether they believe it or not, they act as though they do. That shows it is an ancient and essential part of their ethnic subculture. Who knows? Maybe Kevin MacDonald is right and it's actually genetic .
It's 2020. The Jewish religion is "The Holocaust" and we're all "Nazis."
The holo-hoax is just their modern version of 'chosenness'. Pretending to be the biggest victims evah! is just another way of making themselves appear collectively as morally superior to the rest of mankind–even the darkies:
https://hooktube.com/watch?v=fbuNOzrxLqw
But whether it's being wielded by the Zionists or the lefty Social Jewish Warriors, it's really just a power play down deep. It's really just another way of reminding us goyim–white and colored–that we are all just half-demons (so to speak) compared to The Chosen.
@Wally It is rather entertaining watching you kvetch, Jewish colonialism over WASP nations will be glorious.Robjil , says: December 20, 2019 at 1:12 pm GMTVietnam & Congo can choose as they wish, it is they who vote for their leaders.
In fact, Congo was better off with colonialism.America voted for Zion Don, he is now receving hundreds of millions of dollars from Jews to do their bidding. It is hilarious that you can't see the irony of your comments.
In fact, it is even more funny what the Jews will do to WASP nations, enjoy your future of transexualism and fast food, WASPs totally deserve everything that is coming at them.
Then you change the subject to Epstein. Pathetic.
If you had an IQ above room temperature, you would realise my segue into the Epstein affair was a response to your question of "What deal was supposedly struck".
@Just passing through Congo can not be independent. Just like Libya, Syria, Iraq, Bolivia, Honduras and so many other nations who tried to do so.anno nimus , says: December 20, 2019 at 1:21 pm GMTPatrice Lumumba tried to create an independent Congo after "independence" in 1960.
You killed Lumumba," she roared at the Belgian officials on the platform, before being escorted away by the police. The music and speeches resumed.
She was right: they did. Belgium was heavily implicated in the 1961 killing of the radical, first prime minister of an independent Congo, now the war-torn Democratic Republic of Congo. In 1975 a US inquiry also pointed conclusively to CIA involvement in the execution carried out by a Katangan police unit under a Belgian officer.
Paul Singer, a Jewish Mafia vulture capitalist did some "work" on the Congo too.
https://www.theguardian.com/business/2007/oct/17/debt.law
He also bought some of Congo's debt for $10m and sued for $127m. The Congolese government was found to be corrupt and under US racketeering law, Singer may be able to claim triple damages, reaping as much as $400m.
@anno nimusanno nimus , says: December 20, 2019 at 1:22 pm GMTand blessed are the peace makers.geokat62 , says: December 20, 2019 at 1:24 pm GMT@ThomasinaAnon [515] Disclaimer , says: December 20, 2019 at 1:55 pm GMTIf he gets elected again, which I think he will, we might see a different Trump. Who knows.
"I'm HARDCORE Zionist and so is president Trump!" – Roger Stone
What more do we need to know?
@J Adleman https://m.theepochtimes.com/nsa-director-rogers-disclosed-fisa-abuse-days-after-carter-page-fisa-was-issued_2692033.htmleah , says: December 20, 2019 at 1:57 pm GMTLook at what the disloyal Jews have been doing.
On March 9, 2016, Department of Justice (DOJ) oversight personnel learned that the FBI had been employing outside contractors who had access to raw Section 702 Foreign Intelligence Surveillance Act (FISA) data, and retained that access after their work for the FBI was completed.
This information was disclosed in a 99-page FISA court ruling on April 26, 2017, that was declassified by Director of National Intelligence Dan Coats.
That wasn't an isolated incident and the improper access granted to outside contractors "seems to have been the result of deliberate decisionmaking" (footnote – page 87).
The FISA court noted the "FBI's apparent disregard of minimization rules" and questioned "whether the FBI may be engaging in similar disclosures of raw Section 702 information that have not been reported."
"This is bigger than Watergate + 9/11 + the Bay of Pigs + almost every other conspiracy theory you can name combined. It is also why you're seeing definite signs of panic and desperation everywhere from the House of Representatives to the mainstream media to the boardrooms of the Fortune 500. This reaches from the heart of the Swamp in Washington DC to Silicon Valley and Seattle, Washington. In East Germany, it came out after the Wall fell that one-fifth of the population was involved in the surveillance of the other four-fifths of the population; now keep in mind that due to the mathematical reach of the FISA warrants, the 825 million surveillance orders issued actually exceeds the 320 million population of the USA.
Now we know how and why Google and Amazon and Facebook got so big, so fast. They were the corporate arm of the surveillance state."
You disloyal Jews used government resources and private contractors to surveil the entire country.
I wonder what's going to happen next?
Also why haven't you responded to any of the comments about what the Jews did in Russia?
@Realist I said nothing of an electoral solution to America's problemsColin Wright , says: Website December 20, 2019 at 2:17 pm GMTAnd I said nothing about an "electoral solution", or any other kind of "solution", to "America's problems" -- I said/implied that blaming Whites, or the way they vote, more or less exclusively, as you did, for the way things are, was not exactly a genius take -- there is literally no one for a race conscious white person, eg a WN, to vote (affirmatively) for at the moment -- and it is hard to imagine anyone emerging in the near future.
For the record: I (also) do not think just voting, especially in the current
onetwo party system with the usual 'evil of two lessers' choices offered, will do anything for Whites.@mcohen ' There are many non jews runny vulture funds worldwide with at least 100 in china alone 'Colin Wright , says: Website December 20, 2019 at 2:19 pm GMTList them. Please. I'm giving you the opportunity.
@Thomasina It would be wonderful if you were proved right.Skeptikal , says: December 20, 2019 at 3:14 pm GMT@Daniel Rich What Mark Green actually said was "this phenomena."Thomasina , says: December 20, 2019 at 4:14 pm GMT@geokat62 "'I'm HARDCORE Zionist and so is president Trump!' – Roger Stone"Ilya G Poimandres , says: December 20, 2019 at 4:14 pm GMTIf Trump was hardcore Zionist, they wouldn't have been going after him since the day he announced he would run for President.
No, they see him as an absolute threat to their existence.
As they twist to fight him, they are all exposing themselves.
@MefobillsDesert Fox , says: December 20, 2019 at 4:48 pm GMTWhat We abrogate (of) a sign or [We] cause it to be forgotten, We bring better than it or similar (to) it. Do not you know that Allah over every thing (is) All-Powerful?
2:106
The verses on abrogation read as to only allow Allah to abrogate, so any human action on this is stepping over the line imo.. maybe other than when 100% of the Ummah agree on something, I read that could remove a surah of the Quran, like a voice of God. That rhymes nicely imo.
Of course how to judge which ruling to use? I agree, it brings in a casuistry into the faith that generally helps to confuse.. I don't know much about it though yet.
I think Islam preaches a decent message, but the average practitioner is open to misinterpret it quite a bit. This is a failing of the teaching.. but I think Mohammed's message was corrupted like Christ's message pretty much straight after his death. Gospel of Thomas and Tolstoy's rewrites all the way for something closer imo.
@Thomasina Trump is a hardcore zionist and the impeachment is another zionist scam to divide the American people, read The Protocols of Zion.Mefobills , says: December 20, 2019 at 4:51 pm GMT@sallyTrinity , says: December 20, 2019 at 5:05 pm GMTventure capital funds are only made necessary because we have a federal reserve.. which is a private bank and private banks want to earn interest.
Sentiments are correct and you are hovering over the target, but some details are needed.
The federal reserve is the tail on the dog, not the dog. The Fed was created as a part of the corporate banking money trust. Before Fed the reserve loops of banks were not tied together, and they had to use treasuries (T bills or Lincoln Green-backs) to balance their ledgers.
Banksters wanted to extend their money power beyond their region. In the days before federal reserve bank money power would fall off the further you got away from the bank. Banks hypothecate new bank credit, and the credit has to swim home to the debt instrument. This "swimming home" is done easily when the ledgers are all connected through reserve loops (also called the overnight market).
After Federal Reserve (1913) and before Wright Pattman, the Federal Reserve was recycling its profits made on public debt back to its stock owners and member banks. The member banks especially, were guaranteed profits no matter how the economy did. After Wright Pattman (mid 60's) Fed has to rebate to treasury they couldn't face up to the allegations they were stealing from the commons, which they were.
Today, the FED rebates interest on TBills and public debt back to Treasury. The private banks within the system continue to hypothecate new money at interest, as that is their business model. This business model does not include morality, nor does it work in the public interest. It works to enrich finance at the expense of the working/laboring economy.
So, central banks are not profit centers, but instead they ensure profit lower down – within the private banking system. Central banks are backstops to prevent instability within the already unstable debt money system.
Recent Example: The Repo Crises, whereby FED is monetizing repurchase agreements. Non bank actors such as hedge funds, REIT's and others have been given access to the overnight market (where reserves are supposed to be traded). The FED now swaps new keyboard dollars for various finance paper to keep the non bank actors in the repo market liquid.
This action is artificial and props up the finance sector at the expense of the normal working economy, and hence it is usurious.
Usury is a word that has been normed out of our language. Why? Because our (((friends))) are agents of mammon, and they cannot help themselves. It may be genetic.
Usury is a power relation, where you steal from others because you can. Laws are changed to enable the thefts.
In the case of the FED it was taking 6 percent from the people on public debts. Public debts were funded by taxpayers. This money was then funneling backwards from FED into their crony banks and paid off sycophants.
We don't know what the FED is doing today because the bad guys won't allow an audit. The general statement is that private corporate banking is usurious, and was born in iniquity, and that is where your eye should gaze, not necessarily at the FED or any central bank.
The debt money system and finance capitalism is state sponsored usury, and is a Jewish construct.
Vulture capitalism is simply vultures buying up or creating distressed assets and then changing the law, or using force to then collect face value of the debt instrument or other so called asset. Vultures will use hook or crook to force down what they are buying, and hook or crook to force up what they are selling. God's special people can do this because when they look in the mirror, they are god, and are sanctioned to do so.
Maybe the vulture should replace the bald eagle as America's favorite bird since our dear shabbos goy President Trump and cohorts are undermining the First Amendment and trying to make it a crime to criticize Jews and/or Israel. Oh and don't think I am promoting the other Zionist and their shabbos goy on the demshevik side. The Jew CONTROLS both sides and "our" two party system has become Jew vs. Jew, not republican vs. democrat. Lenin said that the best way to control the opposition was to lead it and (((they))) are at it AGAIN.Mefobills , says: December 20, 2019 at 5:09 pm GMT@Ilya G PoimandresTruth3 , says: December 20, 2019 at 5:23 pm GMTI think Islam preaches a decent message, but the average practitioner is open to misinterpret it quite a bit. This is a failing of the teaching.. but I think Mohammed's message was corrupted like Christ's message pretty much straight after his death. Gospel of Thomas and Tolstoy's rewrites all the way for something closer imo.
The line of good and evil runs down the middle of each person's heart, and they have to decide.
My line of attack on Judaism, Islam, Christianity, or whatever, has to answer the question: "Is it good narrative for high civilization." Does the narrative make people malfunction?
There are branches of Islam that are good narrative – where people choose the better side of Islam.
The point is that these good branches, say the Suffi's, have to keep the crazy aunt in the basement.
Abrogation allows what comes later, to gain power over what comes earlier. And what comes earlier is the best part of Islam.
Christianity has the same problem, it does not do a good job of policing its crazies, who twist scripture. Judaism, especially Talmudic Judaism is Kabala and utterances of the sages, and it morphs and changes over time. For example, after Sabatai Sevi, the Kol-Neidre was weaponized, and this construct is used by today's Zionists to wreak havoc. Before Sabatai, there was Hillel, who weaponized usury.
Yes, I agree about Christianity changing quite a bit. In the first 300 years it was much different than today, especially after the Arien controversy was settled by Constantine's maneuvering of Bishops at council of Nicea. For example, before; reincarnation was part of Christian doctrine, and after; reincarnation was excluded.
Trump should be impeached and convicted. But not for the reasons in the two Articles passes by the House.Desert Fox , says: December 20, 2019 at 5:27 pm GMTHe should be for
Violating the Symington and Glenn amended 1961 Foreign Assistance Act to ban any aid to clandestine nuclear powers that were not NPT signatories. Trump increased aid to Israel.
Moving the US Embassy to Jerusalem in violation of numerous UN Security Council and General Assembly resolutions.
The abuse of Office via Nepotism in having totally unqualified Jared and Ivanka Kushner serve as US Government respresentatives.
Executive Order classifying Jews as a Nationality protected from Free Speech criticism of them, in violation of the First Amendment.
Of course those in Congress, that facilitated and cheered on the Israeli centric Trump acts, should all be voted out forever.
@Trinity Agree completely.Digital Samizdat , says: December 20, 2019 at 5:31 pm GMT@utu Great clip! I always loved Fry & Laurie.likbez , says: December 20, 2019 at 5:50 pm GMTI have long maintained that libertarianism/capitalism is really like a kind of Calvinism for atheists. Calvinists used to assume that, since whatever happened was God's will and God's will was invariable good, then whatever happened was good. Likewise, many modern cucks seem to have just substituted The Market for God. Morally speaking, it all lets man off the hook for anything that results–especially when those men happen to be Jewish financiers!
No, boys and girls, The Market is not inherently good. It requires that a moral system be superimposed on top of it in order to make it moral.
@Anon After reading the book of this MI6 asset (and potential killer) who tried to fleece Russia, you probably can benefit from watching a movie by Nekrasov about him. See references in:It looks like it was Browder who killed Magnitsky, so that he can't spill the beans. And then in an act of ultimate chutzpah played the victim and promoted Magnitsky act.
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tegnost , December 5, 2019 at 8:25 am
I have long thought that paul singer is representative of the worst people in the world (argentina wtf)
and I'm glad carlson put his face up there so many times for his victims to see, in case he ever ventures out of mordor undisguised. For all the money he has, a truly worthless pos, as the closing comment made so clear. Good for Carlson, though, almost seems like actual journalism. Kudos.Dalepues , December 5, 2019 at 10:00 am
Glad to see someone in the MSM point out the obvious .Carlson called out Singer, but in doing so he also called out the Republican Party, specifically Sen. Ben Sasse from Nebraska. It will be interesting to see if Sasse is reelected.
Mike Mc , December 5, 2019 at 11:43 am
Nebraskans – R and D both – should toss Sasse to the curb. He's angered regular bat-poo crazy Republicans by his "never Trump" blather, then angered Nebraska Democrats (both of us) by voting Trump/GOP well over 90 percent of the time.
Add to this his folksy BS appearances in the media and his execrable books, and he's a classic empty suit. Closer to a straight Republican Mayor Pete than any thing else – over-credentialed, over-ambitious and under performing.
Our Nebraska Democratic Party problem is two-fold: incredibly thin bench for decent candidates and preponderance of Clinton/Obama/HRC leftovers running the state party. Will be knocking on doors for Bernie come 2020 but state races are iffy at best.
Susan the Other , December 5, 2019 at 10:36 am
Tucker has good sense. Perhaps Paul Singer is probably retiring from vultury. He's old and it's a nasty fight. Singer is at the end of a 30 year stint of dispossessing other people. Being vicious really isn't enough to keep the federal government at bay. Nor are his bribes. There has been an unspoken policy of dispossessing poor and middle class people. Why? Is the United States actually looking at a specific future? That wouldn't align with the free market – tsk tsk. Or would it? Live free, die free. Somebody needs to define the word "free". Did TPTB decide to deindustrialize this country that long ago? That's when they attacked the unions. And the consensus might have been, "Go for it; get it while you can." So Paul Singer did just that, along with other creepy people like Mitt Romney. Because once the country has been hosed out by these guys we won't be pushing the old capitalist economy at all. We will be pushing a globally connected, sustainable economy. Paul Singer is just a dung beetle. And our government didn't want to discuss it because they would have had to create a safety net. If we despise Singer, we must also despise Congress.
Reply ↓Carolinian , December 5, 2019 at 11:05 am
He was born in 1944 so not that old. He could go on vulturing for a long time. Reply ↓
HotFlash , December 5, 2019 at 2:26 pm
If we despise Singer, we must also despise Congress.
But I do!
Reply ↓Sancho Panza , December 5, 2019 at 9:03 pm
If we despise Singer, we must also despise Congress. -Susan the Other
Agreed. I think you can argue Congress (and the Executive Branch) have done more to help the Chinese middle class than the American middle class over the last 30 years. Co-locating our industrial base with the CCP on communist soil should be looked upon as the most radical policy in our history but is not. Imagine if at the height of the Cold War we had told Kruschev hey..how about you make all the stuff we need and we'll pay you $20 or $30T in trade surplus over a number of years in hard currency which you can then parlay into geopolitical power in Africa, South America, the ME and else where. What would the America of the fifties think of this policy?
Reply ↓Carey , December 6, 2019 at 1:03 am
>Co-locating our industrial base with the CCP on communist soil should be looked upon as the most radical policy in our history but is not.
Truer words were never spoken. And that in a period of less than thirty
years"our leaders™"
Reply ↓Carey , December 5, 2019 at 11:39 pm
>Because once the country has been hosed out by these guys we won't be pushing the old capitalist economy at all. We will be pushing a globally connected, sustainable economy.
Can you expand a little on this?
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Recent Items2:00PM Water Cooler 12/5/2019 - 12/05/2019 - Lambert Strether 'Dark Waters' Tells the Origin Story of a Public Health Nightmare. We're Still Living It. - 12/05/2019 - Yves Smith Links 12/5/19 - 12/05/2019 - Yves Smith Questioning Innovation - 12/05/2019 - Yves Smith Tucker Carlson Tears into Vulture Capitalist Paul Singer for Strip Mining American Towns - 12/05/2019 - Yves Smith The Debt Delusion - 12/05/2019 - Yves Smith 2:00PM Water Cooler 12/4/2019 - 12/04/2019 - Lambert Strether CalPERS Still Owns Toxic National Enquirer Via Hedge Fund Chatham; CEO Marcie Frost Falsely Says It Was Sold; Columbia Journalism Review Depicts Pending Sale as a Sham - 12/04/2019 - Yves Smith Links 12/4/19 - 12/04/2019 - Lambert Strether
Tucker Carlson Tears into Vulture Capitalist Paul Singer for Strip Mining American Towns Posted on December 5, 2019 by Yves Smith In a bit of synchronicity, Lambert gave a mini-speech tonight that dovetails with an important Tucker Carlson segment about how hedge funds are destroying flyover. As UserFriendly lamented, "It is beyond sad that Tucker Carlson is doing better journalism than just about anywhere else." That goes double given that Carlson has only short segments and TV isn't well suited to complicated arguments.Lambert fondly recalled the America he grew up in in Indiana, before his parents moved to Maine, where most people were comfortable or at least not in perilous shape, where blue collar labor, like working in a factory or repairing cars, was viewed with respect, and where cities and towns were economic and social communities, with their own businesses and local notables, and national chain operations were few. Yes, there was an underbelly to this era of broadly shared economic prosperity, such as gays needing to be closeted and women having to get married if they wanted a decent lifestyle.
I'm not doing his remarks justice, but among other things, the greater sense of stability contributed to more people being able to be legitimately optimistic. If you found a decent job, you weren't exposed to MBA-induced downsizings or merger-induced closures. Even in the transitional 1970s, Lambert got his first job in a mill! He liked his work and was able to support himself, rent an apartment, and enjoy some modest luxuries. Contrast that with the economic status of a Walmart clerk or an Amazon warehouse worker. And even now, the small towns that remain cling to activities that bring people together, as Lambert highlighted in Water Cooler earlier this week:
Please watch this clip in full. Carlson begins with an unvarnished description of the wreckage that America's heartlands have become as financial predators have sucked local businesses dry, leaving shrunken communities, poverty and drug addiction in their wake.
Readers may wonder why Carlson singles out hedge funds rather than private equity, but he has courageously singled out one of the biggest political forces in DC, the notorious vulture capitalist Paul Singer, best known for his pitched battles with Peru and Argentina after he bought their debt at knocked-down prices. Carlson describes some US examples from his rapacious playbook, zeroing on Delphi, where Singer got crisis bailout money and then shuttered most US operation, and Cabela's, where a Singer-pressured takeover wrecked one of the few remaining prosperous American small towns, Sidney, Nebraska. Not only are former employees still afraid of Singer, but even Carlson was warned against taking on the famously vindictive Singer.
https://www.youtube-nocookie.com/embed/IdwH066g5lQ
Sound of the Suburbs , December 5, 2019 at 5:35 am
It is in my self-interest to make as much money as possible doing as little work as possible.
I can live a very comfortable life of leisure with a BTL portfolio extracting the hard earned income of generation rent.
Excellent.What would be the best thing to do?
1) Work really hard to build up a company myself
2) Asset strip a company that has been built up by someone elseIt's not even hard.
Kevin Hall , December 5, 2019 at 6:56 am
"it's not even hard"
And also very, VERY short sighted. Sure, it will make you an easy buck today.
It will also slit your throat tomorrow.
Just like Omar,
winter1789 is coming.jef , December 5, 2019 at 1:52 pm
Kev said; "It will also slit your throat tomorrow."
This, aggressive mergers and acquisitions, has been going on for a very long time and everybody always says that but I have yet to see any wealthy person suffer more than a small loss of a point or 2.
The fact is thats where we are at with capitalism. Money MUST become more money. There are no outside considerations not even human life.
We all talk about robots going rogue and killing off humanity. Well money is already doing that.
Sound of the Suburbs , December 6, 2019 at 1:18 am
This was the lesson Alan Greenspan learnt after 2008.
He hadn't realized bankers would bring the whole system down for personal gain, but they did.Starrman , December 5, 2019 at 9:48 am
Sound of the Suburbs, your comment suggests that this is the way things are and that there is nothing to do about it, but that is wrong. It's not inherent to markets or to nature. In fact, "it's not even hard" because we have agreed to it as part of the social contract, and created policies that enable it. We can reverse the calculation by changing the tax rules, accounting rules, and legal liability rules and this calculation reverses. TLDR; vote Bernie.
JTMcPhee , December 5, 2019 at 10:03 pm
Which "we" are you talking about? You assume an entity with agency, when there is no such thing. How do YOU suggest "WE" rewrite the non-existent "social contract?" Or change the tax rules, the accounting rules, the Delaware corporations law, the Federal Codes of Civil and Criminal Procedure, the current contents of the Code of Federal Regulations, the United States Code and all the other trappings of legitimacy that give "us" the looting we suffer and remove any access to 'agency" to re-fix things? I hope Bernie wins/is allowed to win, but he would need the skills of a Machiavelli and Richelieu and Bismarck to "drain the swamp" of all the horrible creatures and muck that swirls there.
Not to say it's not worth trying "our" mope-level damndest to make it happen.
Mr Broken Record , December 5, 2019 at 5:44 am
I can't believe this is Tucker Carlson wow
That said – it doesn't seem to me that Cabelas was 'forced' to sell. Singer owned less than 12% of the stock. Is he to blame for either managerial greed, or lack of cojones? I'm not praising Singer, just saying ISTM that he had couldn't have succeeded there without the greed or cowardice of management. I could be wrong.
Carlson said this behavior is banned in the UK, how does that work?
Yves Smith Post author , December 5, 2019 at 7:15 am
Tthis is standard operating procedure for takeovers and greenmail in the US. First, 11% is going to be way way above average trading volumes. Second, unless management owns a lot of shares or has large blocks in the hands of loyal friends, many investors will follow the money and align with a greenmailer.
When a hostile player is forced to announce that he has a stake >5% by the SEC's 13-D filing requirement, managements start sweating bullets. "Activist" hedge funds regularly make tons of trouble with 10% to 15% stakes. CalPERS was a very effective activist investor in its glory years (not even hostile but pushing hard for governance changes) with much smaller stakes.
The New York Post, which is very strong on covering hedge funds, confirms Carlson's take. From a 2016 article:
Hedgie Paul Singer hit another bull's-eye with his Cabela's investment.
Singer's Elliott Management bought an 11 percent stake in the hunting supply chain last October and pressed the Springfield, Mo., chain to pursue strategic alternatives -- including a sale.
On Monday, his suggestion was heeded as the 55-year-old company said it agreed to a $5.5 billion, $65.50-per-share takeover offer from rival Bass Pro Shops.
For Singer, who purchased much of his Cabela's stake at between $36 and $40 a share, Monday's news means that the fund gained roughly 72 percent on its investment.
The same story depicts Singer as able to exert pressure with even smaller interests:
The hedge fund had an 8.8 percent stake in the company and was expected to net $58 million in profits, The Post reported.
Elliott, which in June announced a 4.7 stake in PulteGroup, named three board members to the Atlanta-based homebuilding company.
Last Thursday, it readied a new target, taking an 8.1 percent stake in Mentor Graphics, a Wilsonville, Ore.-based developer of electronic design automation software.
Since then, shares of the company have risen 6 percent, to $26.24.
Mentor represents a "classic" Elliott investment, a source close to the matter told The Post, adding that it is a "perfect time" for the company to sell itself.
https://nypost.com/2016/10/03/cabelas-is-sold-for-5-5b-a-win-for-paul-singer/
Joe Well , December 5, 2019 at 9:56 am
You have a gift for explaining these things to people with a lot of education but not in finance. I was confused by this, too, until I read your comment.
WJ , December 5, 2019 at 11:17 am
+100 Very well put.
Roquentin , December 5, 2019 at 3:08 pm
Ditto on that.
Danny , December 5, 2019 at 1:39 pm
"CalPERS was a very effective activist investor in its glory years (not even hostile but pushing hard for governance changes) with much smaller stakes."
Does that mean they pulled the same parasitical stripping of companies to raise money to help pay pensions?
But, since it represents public employees and their paymasters, the taxpayers, couldn't CALPERS be forced to only effect deals that create the most employment, ideally in California, rather than destroy it? i.e. a ban on job destroying deals.
That would be a long term investment in California, rather than a short term means to raise cash, no?
Yves Smith Post author , December 5, 2019 at 6:38 pm
No, CalPERS was pushing for governance reforms like cutting the pay of obviously overpaid CEOs and fighting dodgy accounting. See here:
https://money.cnn.com/2012/05/02/markets/calpers-activist/index.htm
anon in so cal , December 5, 2019 at 9:55 am
Tucker Carlson has taken remarkably courageous positions on a number of issues, including Syria, Ukraine, Russia, etc.
Matt Stoller tweets praise of Carlson's report on Singer:
"There is a real debate on the right.
@TuckerCarlson just guts billionaire Paul Singer over the destruction of a Nebraska town through financial predation. And Carlson is merciless towards Senator @BenSasse for taking $$$ and remaining silent."https://twitter.com/matthewstoller/status/1202079677357207552?s=20
YankeeFrank , December 5, 2019 at 5:45 am
I get the sense sh_t's gonna get biblical soon. Its long past time for people like Singer to reap the whirlwind.
Ramon Zarate , December 5, 2019 at 6:23 am
I have noticed a considerable uptick in comments across a whole range of sites about things "going to get biblical".
When the next downturn happens there seems to be every indication that it's going to be on an unprecedented scale.
Traditionally that's always seem to be time to have a good war, you can get the country to focus on an external common enemy, you can ramp up industrial production providing full employment and you can use national security to clamp down on dissent. Nuclear weapons seems to have put paid to that idea unless our leaders convince themselves that they can survive and flourish in their bunkers (while simultaneously relieving themselves of a large surplus of global population)
The populations willing embrace of the security state through all our electronic devices will be a large hurdle for revolutionary elements as well as the crushing of dissent via institutions like the FBI and the mainstream media.
The French and the Russians succeeded in the past. I doubt if I will either live long enough to see it (being old) or even less likely to live through it.Synoia , December 5, 2019 at 12:20 pm
Biblical in the OT sense. In the NT going biblical was a sacrifice.
I'm not fond of the phrase as it is a euphemism for violence or war. Under that definition, the US, through declared and undeclared wars, has been going biblical for most of my life.
Boris , December 5, 2019 at 6:05 am
In the Jimmy Dore show this is almost a running joke now: He shows a clip with Tucker Carlson, where Tucker is doing what you would expect the "liberal" media to do, like going against the deep state, criticizing regime change wars (a few times with Tusi as his guest), or something like this great piece against Singer and the hedge funds. Jimmy Dore then, each time, shakes his head in disbelief and asks, "Why the hell is Tucker Carlson the only one who is allowed to say things like this? Its a mystery! I dont get it!"
-- indeed: Why, and why on Fox News?Isotope_C14 , December 5, 2019 at 6:26 am
Why is he allowed?
Because it sells. Can't let RT steal all the money with anti-war voices, Watching the Hawks, Jesse Ventura, On Contact with Chris Hedges, these shows have viewership, and the Fox news owners know it.
Perhaps they'll have to make Tucker Carlson FOX, the TCFOX news channel. An anti-establishment, pro-capitalism libertarianesque program experience, where they can decry all the pro-war democrats, and RINO's, while making a case that capitalism isn't working cause of "big government".
Of course "private property" requiires state enforcement, which, when you remind libertarians that they are "statists", they don't like that too much
funemployed , December 5, 2019 at 9:26 am
It sells, but also doesn't pose a real threat to the powers that be. He creates very accurate, specific, personally moving, well-produced, diagnoses of problems (he even names names!)
Then he and his ilk imply that the only solution is to magically create a government free white Christian ethnostate where the good non-corrupt capitalists (like, as he states in this video, the rockefellers and carnegies apparently were) will bring us back to the good ol days.
I strongly recommend sitting down for a good long policy discussion with a Tucker Carlson fan. In my experience they will, without exception, go to great lengths to convince you that a vote for Bernie will, undoubtedly, make all the problems Tucker describes worse, cuz gubmint bad and racist dog whistles.
I suspect absent Carlson and his ilk, Bernie would actually have an easier time making inroads into the republican base.
John Wright , December 5, 2019 at 11:00 am
I heard no Carlson mention of "magically create a government free white Christian ethnostate where the good non-corrupt capitalists (like, as he states in this video, the rockefellers and carnegies apparently were) will bring us back to the good ol days."
Carlson seemed to suggest that prior US capitalists "felt some obligation" while, to me, implying that current US capitalist versions do not feel this obligation.
Bernie could show he will listen to good ideas from all sides, even when the ideas surface on Fox.
Carlson did mention some "countries have banned this kind of behavior, including the United Kingdom" which suggests legislative changes are possible.
If Bernie were to pitch a legislative fix, he might pick up some Tucker Carlson fans.
Maybe Bernie might get mentioned favorably by Carlson.
Danny , December 5, 2019 at 1:58 pm
"a government free white Christian ethnostate"
Carnegie built hundreds of public libraries, Rockefeller donated thousands of acres of land, Sears founder
Julius Rosenwald funded the beginnings of the NAACP.funemployed , December 5, 2019 at 3:17 pm
Well, we can agree to disagree on whether or not Carlson's regularly invoked vision of deserving Americans is racist or ethnocentric, and I'll admit his view of the role of government can seem a bit schizophrenic at times – as far as I can tell he has strongly libertarian sensibilities but in recent years figured out that "free" markets do, in fact, require government regulations.
But I do strongly recommend reading a few social/economic histories of the US from the industrial revolution through the beginning of the great depression.
I promise those fellows you mention were not quite so swell as Tucker makes out, and that the relationship between philanthropy and capital hasn't changed as much as you seem to think.
Shiloh1 , December 5, 2019 at 3:54 pm
Didn't know that Tucker was a DNC Superdelegate or purveyor of trick coins last election.
Roquentin , December 5, 2019 at 3:20 pm
I'll just say this, if I were playing for the other team so to speak, and I were a GOP strategist trying to secure a future for the party, the easy move would be to adopt a degree of populist rhetoric and at least make some gestures towards easing the pain of towns which have been rendered post-industrial wastelands by people like Singer and acknowledge what's been done. It would be almost comically easy to paint the Democrats as the political party of globalized capitalism (because they are), even more so because most of the places that are key liberal constituencies are also centers of the financial industry (Manhattan and San Fransisco, for example). It wouldn't take much to graft the loathing of "urban elites" in these communities onto PE and hedge funds. This, combined with toning down the nationalist rhetoric, cutting back on the racism and homophobia (hell, even just keeping your mouth shut about it) would pretty much build an unstoppable electoral majority.
Back in the days when I was more optimistic about the Democrats, I always tried to warn people that if the Democrats (and other center left parties) waited too long and let the GOP be the first ones to the lifeboats when neoliberalism started to sink, they'd get stuck holding the bag even if the GOP had more to do with those policies historically. But pursuing this strategy would imply that the GOP is somehow less beholden to its donors than the Democrats, which it isn't, but maybe Tucker Carlson is the canary in the coal mine. Even people on the right realize the jig is up, and that they better start trying to cut some kind of deal with the rising populist currents in US politics if they want to stay in power.
flora , December 5, 2019 at 6:32 am
Thanks very much for this post.
divadab , December 5, 2019 at 6:34 am
Tucker Carlson on Fox is making sense, while MSNBC and CNN peddle nonsense. What better reason to cancel your cable and say adios to the fakery and programming.
The Rev Kev , December 5, 2019 at 6:40 am
In other unrelated news, Paul Singer has announced that he is providing funding to the Manhattan Institute for Policy Research to try and understand why so many "flyover" Americans give their votes to Trump. "It's a mystery. I have no idea why they would not vote for a good Republican candidate instead – like my boy Mitt Romney" he stated. "Why would they do that? Maybe I should run for President like my buddy Mike. Then they could all vote for me. Or else!"
Reading his Wikipedia page, I notice that he only donates money to things that effect him personally. He went to Harvard so he gives to Harvard. He lives in New York so he gives money to the Food bank and the Police – which both serve to keep the place calm. He is Jewish so he gives a ton to money to pro-Israel causes. He votes Republican so he helps fund Republicans that will defend wealthy people like him. One son comes out as gay so he gives to same-sex marriage & LGBTQ causes. He provides money to organizations that fight taxes being imposed on wealthy people like himself. It is a very narrow circle of concerns that he has. And the vast bulk of Americans are outside this circle I note.
But of all people to call him on his part in destroying the real economy of the United States. That which actually makes stuff and does stuff instead of financial bs. Of all the people to do so it is Tucker-goddamnn-Carlson. And on Fox News to boot. The same person that "liberal" protesters were demonstrating outside his home with his family inside because they did not like his beliefs. It is kinda funny when you think about it. A right wing commentator is attacking the Left. But from their left.
Jane , December 5, 2019 at 9:21 am
It is kinda funny when you think about it. A right wing commentator is attacking the Left. But from their left.
What better proof that there is no Left left in the Left any more? Today's Left is to the right of what used to be the Centre, Liberals are what used to be Conservative and Conservatives have moved into "here there be dragons" territory. .
jrs , December 5, 2019 at 11:48 am
This is nonsense, the DSA for example is to the right of what used to be the Center? They aren't left enough for some, including some of their members I suspect but .. But the left period has little actual power is the thing. And it's all about taking power.
polecat , December 5, 2019 at 12:17 pm
Like I've mentioned previously – politically .. our society has gone through a phase-shift. Mr. Carlson is but just one example. So are those of us who held our noses, after seeing how transparently conniving the DNC et al were, and voted for the Julius de Orange !
Math is Your Friend , December 5, 2019 at 12:23 pm
"the crushing of dissent via institutions like the FBI and the mainstream media"
This will be unnecessary. Recent research indicates that when people feel like they are being watched, they self-censor.
The growing number of activist special interest groups with a myriad of hot topics and disparate worldviews and interests just about guarantees that anything you say other than parroting the current majority opinion will offend someone.
Couple that with murky legal powers, the unpredictability of the Twitter/Instagram mob, doxing, and the expansion, both in extent and number of players, of ubiquitous surveillance, and significant dissent becomes more and more a thing of the past.
I wonder if this has anything to do with the growing unreliability of political polls?
Yves Smith Post author , December 5, 2019 at 6:42 pm
Another reason not to carry a smartphone or keep in mainly in a Faraday bag.
SB in StL , December 5, 2019 at 4:18 pm
There is a populist Left. Its figurehead is Bernie but there are growing local/state organizations like the DSA that may become relevant nationally in the not-too-distant future. AOC is a current/future leader for this faction.
There is a populist Right. Its figurehead is Trump. From what I can tell, they're primarily online but are also gaining strength in traditional conservative institutions like churches, community orgs, etc.. Tucker appeals to this group. Josh Hawley is a Senator from MO with presidential ambitions who I expect will lead this faction after Trump is gone. He is the slick-but-folksy and deadly serious neo-Fascist type many on this board worry/warn about taking power if a real Left does not arise to counter it/him.
Then there is the establishment elites (or ruling class, or deep state, whatever), which are primarily Neoliberal (domestic policy) and Neoconservative (foreign policy). There have long been these types in both parties, differing only by degree, but Trump has forced most of the "liberal" Republicans into the D party. This group controls the money and most of the key institutions, particularly the major media, tech, energy, and financial corporations, but their grip is slipping and the mask is falling off. Some will side with the populist Left, but most will welcome the new Fascism, i.e. the DNC apparatchiks who would rather lose to Trump than win with Bernie.
Danny , December 5, 2019 at 2:08 pm
Mitt Romney, Bain Capital, another species of parasite, sucking some of the last marrow out of the bones of America. Beware of billionaires who demonstrate that they are aliens to our society.
Tom67 , December 5, 2019 at 7:10 am
I read Tucker Carlsons book "ship of fools". It is all in there: criticism of the war fare state, Wall Street, TBTF bail outs a.s.o. He spares neither Republicans nor Democrats. Kinda crazy but he voices more or less exactly what Sanders is saying as well. Except he doesn´t get "Medicare for all" and he is social conservative. Still you might think that there is enough common ground to work together. Instead we get crazy idendity politics. I more and more believe that it is indeed so that the people on top have realised that "identity politics" is the best thing that ever happened to them: divice et impera. Divide and rule as already the Romans knew
tegnost , December 5, 2019 at 8:31 am
The biggest threat of Sanders is his cross over appeal to the lower orders.
GramSci , December 5, 2019 at 12:21 pm
And the biggest threat from Tucker Carlson is that the lower orders will believe that Carlson-cum-Trump are as much their friend as Sanders. One of the longest-standing Idpol divisions in US history has been unions vs. scabs. Over the past half-century, the Democratic Party has realigned its public image in favor of the scabs. The union leadership stayed with the Dems, but the rank-and-file long ago moved over to the Repubs. Old wine, new bottle.
JBird4049 , December 5, 2019 at 11:05 pm
Unions were weakened and made easier to destroy using IdPol. First by encouraging banning, sometimes expelling, blacks from the various unions and secondly getting rid of first the communists, then the socialists, and finally those deemed too liberal (not conservative enough).
Although the efforts by business interests, often helped by government at all levels, to segregate unions was mainly in the 19th century and the "Better Dead Than Red" campaign was in the 20th especially after 1947, the use of racism and anti-leftism was done in both centuries.
You can see similar successful splintering of the Civil Rights Movements. First separating the Suffragettes from from the anti-racism efforts. Then later the efforts to unite the Women's Rights Movement with the successful efforts against racism was the 1960s were thwarted.
Let us just say that reform movement of the past two centuries has been splintered. The earlier women's rights and the abolitionists, blacks and whites throughout the unions, suffragettes and the anti lynching efforts, communists from everyone else, anti poverty from equal rights ( MLK did get lead poisoning when he tried) and so.
So when I see the latest efforts to use IdPol to split poor people from everyone else or blacks from whites, and see people falling for the same tactics I just lose my mind. Obviously.
Carolinian , December 5, 2019 at 9:03 am
You might think but you'd be wrong. St Clair in Counterpunch calls hims Tuckkker Carlson–apparently because Carlson agrees with Trump on things like immigration. I read Carlson's book too and would say only about half of it was material I would agree with. But the notion that anyone who doesn't stand up to IDPol standards is a villain is crushing the left. They obsess over Trump while the wealthy of both parties wreck the country.
workingclasshero , December 5, 2019 at 1:48 pm
Yeah.those crazy folks who believe a sovereign nation might just have a right to control it's borders.
Carey , December 5, 2019 at 11:29 pm
I'd go along sooner with Tucker Carlson than Mr. St Clair, whose CP smeared both Caitlin Johnstone and CJ Hopkins. St Clair and CP are controlled "oppo", IMO.
The commenter you were replying to had it right: divide et impera is the order of the day; sometimes from unexpected sources, like the one mentioned above.
zagonostra , December 5, 2019 at 7:39 am
Tucker Carlson's trajectory is that of Keith Olbermann in reverse
Art , December 5, 2019 at 9:12 am
I hope that means he'll be anchoring sportscenter soon
WJ , December 5, 2019 at 4:05 pm
Hilarious.
ex-PFC Chuck , December 5, 2019 at 8:15 am
Great post! TC has strode out of the Fox News subset of the Overton window a number of times in recent years.
PS: Yves, some introductory text to the part about Lambert's speech apparently didn't make it into the post. It would fit between the 1st and 2nd paragraphs.
tegnost , December 5, 2019 at 9:26 am
I've been searching for lamberts speech, any tips as to where it is?
Fox Blew , December 5, 2019 at 8:19 am
In my opinion, Tucker Carlson represents a very real and very active right-libertarian view that has been consistently present within the Republican Party for decades. Anti-war, anti-imperialist, anti-big business/pro-small business, and of course, anti-big union. Robert Taft comes to mind. I don't share their "ideologies" but as a self-described socialist, I am deeply attracted to their criticisms. And criticisms ARE important and necessary, even if the solutions are left wanting. I dearly hope that his popularity is a sign of the realignment of politics, where issues of class and war become commonplace and issues of "to impeach or not to impeach" fall by the wayside. I recognize that my hopes may not turn to realities.
jrs , December 5, 2019 at 11:57 am
But for an employee it makes no difference if they work for a big or small business (only big business on average is LESS exploitative if anything – if for no other reason but they can afford to be – some of the worst exploitation out there is employees working for small business owners).
Carey , December 5, 2019 at 11:33 pm
That has most emphatically *not* been my experience.
With small business there is someone to talk to / point at.teacup , December 5, 2019 at 4:04 pm
Exactly, right libertarian. Within the libertarian spectrum there are real and then royal libertarians, Tucker is of the latter. http://geolib.com/essays/sullivan.dan/royallib.html
What are his immigration views? Are people motivated to come here because this global vulture octopus thing has ruined their home market?tegnost , December 5, 2019 at 8:25 am
I have long thought that paul singer is representative of the worst people in the world (argentina wtf)
and I'm glad carlson put his face up there so many times for his victims to see, in case he ever ventures out of mordor undisguised. For all the money he has, a truly worthless pos, as the closing comment made so clear. Good for Carlson, though, almost seems like actual journalism. Kudos.James , December 5, 2019 at 8:55 am
If we assume that good mergers achieve cost savings which ultimately benefit the consumer (they very often do, assuming a good merger), is it better that a relatively large number of people save money on goods, or that a relatively smaller number of people keep duplicate, unnecessary jobs?
Grebo , December 5, 2019 at 11:44 am
Can you name such a good merger? Mergers by definition must reduce competition, and by classical Liberal theory competition is what reduces prices for consumers.
In Neoliberal theory monopoly is the just reward for beating the competition. Sorry consumers! Bad luck workers!
By what criteria do you deem a job unnecessary? Neoliberal criteria.
John Wright , December 5, 2019 at 12:01 pm
Here are some ways a merger can be bad for the US consumer.
If a merger results in employee pensions being transferred to the Pension Benefit Guarantee Corporation (US government funded) then employee pension costs are being transferred to the US taxpayer/consumer.
Or consider that a merger might create a monopoly that can raise consumer prices.
How does one determine that a proposed merger will be a good one that will "ultimately benefit the consumer."?
eg , December 5, 2019 at 3:04 pm
Let them eat consumer surplus, eh?
/sarc
No thanks.
Memphis Paul , December 5, 2019 at 9:00 am
Good morning Yves.
Tucker Carlson invoke Paul Singer noted ultra vulture as vehicle to transport Yves, others to Fox News Commentary!
Seems the Good Night and Good Luck segue from Edward R Murro via Keith Olbermann to Tucker Carlson is complete.pjay , December 5, 2019 at 9:07 am
Thank you for this. It is a story that has been repeated countless times across the country, including the midwestern town where I was born and raised.
As for Carlson being the only source of occasional light in the MSM -- the clarification continues. It has truly become Bizarro World.
Bushwood , December 5, 2019 at 9:10 am
I wonder if the powers at be at Fox News allow Tucker to go on these rants because they know two things:
1.) 99% of bought and paid for Republican politicians will never do anything about this except perhaps some lip service here and there.
2.) The fact that it's on Fox News will cause the Vichy left to not believe it's real or perhaps a Russian phy op against American capitalism. Thus outside of the Sanders camp there will be no push/support for any change.Dalepues , December 5, 2019 at 10:00 am
Glad to see someone in the MSM point out the obvious .Carlson called out Singer, but in doing so he also called out the Republican Party, specifically Sen. Ben Sasse from Nebraska. It will be interesting to see if Sasse is reelected.
Mike Mc , December 5, 2019 at 11:43 am
Nebraskans – R and D both – should toss Sasse to the curb. He's angered regular bat-poo crazy Republicans by his "never Trump" blather, then angered Nebraska Democrats (both of us) by voting Trump/GOP well over 90 percent of the time.
Add to this his folksy BS appearances in the media and his execrable books, and he's a classic empty suit. Closer to a straight Republican Mayor Pete than any thing else – over-credentialed, over-ambitious and under performing.
Our Nebraska Democratic Party problem is two-fold: incredibly thin bench for decent candidates and preponderance of Clinton/Obama/HRC leftovers running the state party. Will be knocking on doors for Bernie come 2020 but state races are iffy at best.
Brian (another one they call) , December 5, 2019 at 10:24 am
In a wacky pre apocalyptic world, truth and justice is pined for by many. Conservation is a critical requirement. I now look at what is true and what is not, I know, very subjective. Those folks that tell us to do things that harm us are transparent. We follow them at our peril.
I consider Sanders the most conservative option we have for the nation. He intends to 'conserve' our nation and the people first. Something we have not had for decades, or ever, perhaps. Giving the people with the most to lose a voice in how things move forward is a critical point of distinction from the rest of the field.
so vote conservative. Protect that which makes us whole. Stop the looting and take back what has been stolen to benefit all instead of a small clique of criminals.
But I'm an optimist.Susan the Other , December 5, 2019 at 10:36 am
Tucker has good sense. Perhaps Paul Singer is probably retiring from vultury. He's old and it's a nasty fight. Singer is at the end of a 30 year stint of dispossessing other people. Being vicious really isn't enough to keep the federal government at bay. Nor are his bribes. There has been an unspoken policy of dispossessing poor and middle class people. Why? Is the United States actually looking at a specific future? That wouldn't align with the free market – tsk tsk. Or would it? Live free, die free. Somebody needs to define the word "free". Did TPTB decide to deindustrialize this country that long ago? That's when they attacked the unions. And the consensus might have been, "Go for it; get it while you can." So Paul Singer did just that, along with other creepy people like Mitt Romney. Because once the country has been hosed out by these guys we won't be pushing the old capitalist economy at all. We will be pushing a globally connected, sustainable economy. Paul Singer is just a dung beetle. And our government didn't want to discuss it because they would have had to create a safety net. If we despise Singer, we must also despise Congress.
Carolinian , December 5, 2019 at 11:05 am
He was born in 1944 so not that old. He could go on vulturing for a long time.
HotFlash , December 5, 2019 at 2:26 pm
If we despise Singer, we must also despise Congress.
But I do!
Sancho Panza , December 5, 2019 at 9:03 pm
If we despise Singer, we must also despise Congress. -Susan the Other
Agreed. I think you can argue Congress (and the Executive Branch) have done more to help the Chinese middle class than the American middle class over the last 30 years. Co-locating our industrial base with the CCP on communist soil should be looked upon as the most radical policy in our history but is not. Imagine if at the height of the Cold War we had told Kruschev hey..how about you make all the stuff we need and we'll pay you $20 or $30T in trade surplus over a number of years in hard currency which you can then parlay into geopolitical power in Africa, South America, the ME and else where. What would the America of the fifties think of this policy?
Carey , December 6, 2019 at 1:03 am
>Co-locating our industrial base with the CCP on communist soil should be looked upon as the most radical policy in our history but is not.
Truer words were never spoken. And that in a period of less than thirty
years"our leaders™"
Carey , December 5, 2019 at 11:39 pm
>Because once the country has been hosed out by these guys we won't be pushing the old capitalist economy at all. We will be pushing a globally connected, sustainable economy.
Can you expand a little on this?
Cafefilos , December 5, 2019 at 11:50 am
Tucker Carlson has been making comments like this for a long time. And he's not a libertarian. He believes in regulated capitalism.
What we might be seeing is a the beginning of the two parties flipping from left to right on economic issues. The social issues just obscure it, as they were designed to do.
jrs , December 5, 2019 at 12:13 pm
the only question then is to what extent social issues DERAIL the economic issues then. If social issues mean paid family leave must be opposed for example because women oughta be barefoot and pregnant, then that's derailing of real concrete material benefits period. Of course progressive socially is where demographics trend.
But of course using the example of paid family leave, we're starting from a country with almost no safety net to begin with, and there are bigger problems with the labor market as well (people having gig jobs with NO benefits, they aren't going to be helped by policy changes to job provided benefits period).
skippy , December 5, 2019 at 9:01 pm
Quibble there is no labour – cough – market labour pool yes
GramSci , December 5, 2019 at 12:29 pm
Medicare for All is the issue that most incisively cuts through this ruling-class kayfabe. Both the top-dog Dems and the top-dog Repubs get their jollies having their boots licked by workers in abject fear for the health and life of their families. It is a neon testosterone line that neither Carlson nor Trump will cross.
Montanamaven , December 5, 2019 at 6:27 pm
+100
Harrold , December 5, 2019 at 12:31 pm
Regulated as long as he benefits.
Synoia , December 5, 2019 at 12:31 pm
I find a good explanation for many behaviors is the human practice of favoring people in their circle of acquaintances, friends and families, and showing some degree of contempt to others.
Some phrases
He (She) is not one of us! (Typically in an upper class UK accent)
The Others (Typically in a string ulster accent)
Not on our team (US)
He's a Catholic
He's a peasantThe attitude of "them and us" coupled with Greed, appears to drive many bad Human behaviors.
HotFlash , December 5, 2019 at 2:33 pm
Indeed! My libertarian friend* is all about helping friends and family, I have seen him do it many times. I totally agree with him, but I have concluded that his definition of "friends and family" is just somewhat more restrictive than mine.
* True convo: "What about if listeria in the bologna at the nursing home kills your granny?" "Ah, a whacking great lawsuit!"
heresy101 , December 5, 2019 at 2:23 pm
Paul Singer is leading the hedge fund group that is trying to take over PG&E from the existing stockholders/hedge funds through the bankruptcy process. He even offered more money to PG&E fire victims ($2.5B), that PG&E almost met (they want to pay part of the funds in stock).
Does anyone have an idea how he plans to make money by taking over PG&E? While the stock is very low, its chance of going back to where it was is very low. Besides, PG&E is under pressure to actually maintain and fire proof the distribution/transmission system and that won't be cheap.
HotFlash , December 5, 2019 at 2:34 pm
I guess that political contributions would be involved?
Summer , December 5, 2019 at 4:09 pm
If Singer tries to sue T.C., Tucker should have John Oliver write him a musical roast of Singer
Like the on Oliver did of coal baron Bob Murray.YY , December 5, 2019 at 5:08 pm
Tucker went after Singer and this time also Koch as well as the problem that they represent for the GOP the next night, worth watching.
chuck roast , December 5, 2019 at 5:27 pm
Here's Jon Stewart roasting Tucker Carlson back in 2006 when he was just a clown with a bow-tie. A rare and well deserved confrontation.
https://www.youtube.com/watch?v=aFQFB5YpDZE
Since then Tucker has ditched his bow-tie and developed a conscience.
We used to call this "being Dutch uncle."Montanamaven , December 5, 2019 at 6:53 pm
Tucker has CHANGED his views on lots of things. Like I have. To be able to admit you were wrong is a big deal. He supported the Iraq War. I didn't. In retrospect, he realized he did this because of group think cool kids thing. Then he realized that he had been conned, He doesn't like being conned. I thought Obama's speech was the opposite of John Edwards "2 Americas". Obama was delivering a "con" I.e. "We are all One America". So now Tucker and I, from different sides, are more skeptical. I started questioning my groupthink Democratic viewpoint in 2004. Slowly I realized that I too had been conned. So some of those on the "right" and Some of those on the "left" have sought other ports to dock in as we figure this all out. Naked Capitalism is one of those docks. So soon we should introduce Tucker to Yves.
mrtmbrnmn , December 5, 2019 at 7:25 pm
As I have frequently pointed out to my once-upon-a-time "liberal" friends, Tucker Carlson is often these days a worthwhile antidote to the collective yelpings & bleatings of the brain-snatched amen corner on MSNBC & CNN. In this instance (and others) his observations are rational and clearly articulated. He makes sense! And he is on the correct (not far right) side of the topic. The continuing Iraq/Syria catastrophe, PutinGate and the hedge fund hooligan Paul Singer are just three recent examples. His arguments (and his snark) are well played. Alas, following these sensible segments, he is still a Fox guy and is obliged to revert to Fox boilerplate for most of the rest of the night. But in our present crackbrained media environment, be thankful for small mercies such as Tucker's moments.
Montanamaven , December 5, 2019 at 7:35 pm
How can we get Yves or Lambert on Tucker?
DSB , December 5, 2019 at 8:30 pm
Thanks for the post. I probably would have missed this without you.
There are a couple things that are interesting to me. First, why does Tucker Carlson call out Ben Sasse for accepting a maxed out campaign contribution from Paul Singer? The Governor of Nebraska then and now is Pete Ricketts. His father (Joe – TD Ameritrade, Chicago Cubs) is a "very good friend" of Paul Singer. Everyone believes Pete Ricketts wants to run for US Senate and the nearest opportunity is Ben Sasse's seat. More than meets the eye?
Two, a longtime director of Cabela's is Mike McCarthy of McCarthy Capital. [Former Secretary of Defense Chuck Hagel worked for McCarthy.] ES&S (electronic voting machines) is owned by McCarthy Group, LLC.
More here than just money?
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Dec 04, 2019 | www.nakedcapitalism.com
Big Tap , December 4, 2019 at 1:25 am
A video from Tucker Carlson. Every once in a while he's allowed to say things the mainstream media isn't allowed to say.
The video is about Paul Singer (Elliott Management) and his hedge fund buying into Cabela's which was headquartered in Sydney, Nebraska. Cabela's was merged with Bass Pro Shops and the town lost 2000 jobs and was hard hit by Singer and his fund but Elliott Management and Singer made a nice profit.
It shows the people and town left behind after the jobs leave. Watching this was depressing.
Pat , December 4, 2019 at 4:21 am
Just reading the written article was depressing enough. And Elliot Management only had 11% of the business, but they dictated the need to sell.
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Aug 23, 2019 | www.moonofalabama.org
Lochearn , Aug 22 2019 22:38 utc | 43
Bizarre reasons for resignation of Patrick Byrne as CEO of Overstock, an internet retailing company as per zerohedge today. I can't really understand what he is on about re the Clintons and Russia, and he was closely connected to to Maria Butina.What is interesting about Byrne is how he reacted to a vicious attack on his company by naked short sellers a few years ago. Naked short selling is mass selling of shares that you do not own. It is officially known as Failure to Deliver and has been in use for decades. It is illegal but people get away with it and the SEC rarely prosecutes. Byrne was so infuriated he set up a website called Deep Capture where, joined by some good investigative journalists, he started exposing the naked short selling scam that came to a head when Lehman CEO Fuld told Congress that naked short selling played a major role in undermining his company and setting off the 2008 crisis. It coincided with research I was doing into the naked short selling of a Spanish company with a subsidiary in the US and Deep Capture helped point in the direction of probable culprits.
Byrne's stuff went on to became rather hysterical and overly conspiratorial. Pity that.
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Jul 23, 2019 | www.nakedcapitalism.com
Elizabeth Warren's Stop Wall Street Looting Act , which is co-sponsored by Tammy Baldwin, Sherrod Brown, Mark Pocan and Pramila Jayapal, seeks to fundamentally alter the way private equity firms operate. While the likely impetus for Warren's bill was the spate of private-equity-induced retail bankruptcies, with Toys 'R' Us particularly prominent, the bill addresses all the areas targeted by critics of private equity: how it hurts workers and investors and short-changes the tax man, thus burdening taxpayers generally.
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Jun 27, 2019 | www.nakedcapitalism.com
Of all the inhabitants of the Little Shop of Horrors that is neoliberalism, surely the most gruesome cohort must be privatization of monopoly public services. And then within this best-worst category, privatization of potable water and wastewater treatment utilities can't be anything other than an outright winner of this ugly competition.
Where I live in southern England, the Thatcher administration – who else? – privatized the previously state-owned company which has a monopoly, as all water supply and sewage treatment inevitably requires, on providing potable water and treating wastewater which flows into the sewer system and eventually, via treatment plants, back into the watercourses.
The result has been a disaster for consumers, the environment and the condition of the infrastructure which was sold off as a result of the privatization. Wikipedia provides a helpful list of the past history of awful, depressing headlines the company has generated:
In 2007 Southern Water was fined £20.3 million for 'deliberate misreporting' and failing to meet guaranteed standards of service to customers. Southern Water Chief Executive Les Dawson said: "Today's announcement draws a line under a shameful period in the company's history".
In 2011 Southern Water Ltd was fined £25,000 when sewage flooded into Southampton water.
The company was ordered to pay £10,000 in fines and costs after sewage seeped into a stream at Beltinge in Kent.
A leak of sewage from Southern Water's plant at Hurstpierpoint pumping station, West Sussex, lead to fines and costs of £7,200 in 2011.
Southern Water was fined £50,000 in April 2011 for two offences relating to unscreened discharges into Langstone Harbour, Hampshire, between November 2009 and April 2010.
In June 2010 Southern Water was fined £3,000 after it admitted polluting 2 km of a Sussex stream with raw sewage, killing up to a hundred brown trout and devastating the fish population for the second time in five years. Crawley Magistrates' Court heard that the Environment Agency received calls from members of the public after dead fish were seen in the Sunnyside Stream in East Grinstead on 30 August 2009.
In November 2014 Southern Water were fined £500,000 and agreed to pay costs of £19,224 at Canterbury Crown Court after an Environment Agency investigation found that untreated sewage was discharged into the Swalecliffe Brook, polluting a 1.2 kilometre stretch of the watercourse and killing local wildlife. (www.gov.uk/government/news)
In December 2016 Southern Water was fined a record £2,000,000 for flooding beaches in Kent with raw sewage, leaving them closed to the public for nine days. The Environment Agency called the event "catastrophic", while the judge at Maidstone crown court said that Southern Water's repeat offending was "wholly unacceptable " . The company apologised unreservedly, as it did when fined £200,000 in 2013 for similar offences. Due to health concerns, Thanet district council was forced to close beaches for nine consecutive days, including the Queen's diamond jubilee bank holiday weekend. (The Guardian, 19 December 2016)
You would have thought, perhaps in hope rather than realism, that after this deluge of crap (literally), Southern Water (and their investors) might have, if you'll forgive the pun, wondered if it wasn't time to clean up their act. If so, you'd be, uncharacteristically for Naked Capitalism readers, rather naive. Southern Water has made their previous civil violations look like a spot of mustard on a necktie.
Southern Water was fined by the regulators here £126M on June 25th, which sounds a lot but is in reality in slap on the wrists territory in view of their latest misconduct.
Before delving into the details of that, to provide some context, the utility is the usual PE-orchestrated financial-engineering asset-sweating systematical reduction of a former public service to a hollowed out husk.
Here's the ownership structure, as explained by Southern Water :
Southern Water is owned by a consortium, which came together
Clive again, momentarily interrupting the flow, like a blocked sewer. The use of language there is almost an art form. "came together". Did they all hook up on Tinder or something? Not a bit of it. The "consortium" was a Private Equity instigated lash up of yield-hungry investors chasing, like everyone else these days, above-average rates of return. Why didn't they simply buy chunks of the publicly-traded equity tranches of the company to give themselves exposure to this particular asset class (public utilities)? Because this wouldn't have given them sufficient leverage and control over the institution to do their financial raping and pillaging. Back, reluctantly, to Southern Water
in 2007 solely for this purpose.
The consortium members are shareholders in Greensands Holdings Limited, the top holding company. [ ]
The Greensands consortium members comprise a mixture of infrastructure investment funds, pension funds and private equity. The infrastructure funds are managed by JP Morgan Asset Management, UBS Asset Management and Hermes Investment Management.
The pension funds are represented by JP Morgan Asset Management, UBS Asset Management, Hermes Investment Management and Whitehelm Capital or are self-managed. Cheung Kong Infrastructure and The Li Ka Shing Foundation are direct investors.
What have these fine upstanding custodians of our water supply been up to, then? Lying, cheating, bullying and polluting. Ofwat, the UK water industry regulator, started peering more closely at Southern Water in 2018. They didn't like the look of what they saw .
A board which was asleep at the wheel:
Water resources management plan and market information
What we found
Overall, we had serious concerns in key areas of this assessment such as options costing, Board involvement, assurance and leakage reduction presentation. The draft water resources management plan option costs were not presented clearly and a limited description of assurance was provided for both the plan and market information table. The late provision of the market information and the time taken to update option cost information did not provide confidence in the company's management of this data. The leakage reduction target, a key plan metric, was not consistently presented in the plan and there was no evidence of Board involvement or sign off.
Our assessment: serious concerns
A company that deliberately obfuscated the regulators:
What we found
[ ] We currently have four open cases – an enforcement case, a sewer requisition case and two requests to appoint an arbitrator.
[ ]
In terms of the enforcement case, we do not consider that the company has met our expectations and we have serious concerns. This is based on Southern Water not responding fully to our requests for information (for example, by providing documents with missing pages and/or text), not responding in a timely manner and providing relevant information that was unclear. This has affected our ability to rely on the information provided and has required us to take steps to seek further clarifications and grant extensions to previous deadlines for responses, impacting our ability to progress the investigation as quickly and efficiently as we would have liked.
Our assessment: serious concerns
These failings led the regulator to conduct a much wider-reaching inquiry. The full regulatory report has to be read in its entirety to convey the awfulness that went on. But edited highlights, or maybe that should be low-lights, were:
・Falsification of regulatory reporting for effluent discharge quality to avoid fines:
In summary, as a consequence of now restating past WwTW performance data, we have calculated that Southern Water has avoided price review penalties in past years amounting to a total of £75 million (in 2017-18 prices). This has arisen as a direct consequence of the practices in place within the company to implement ANFs at its WwTW (Clive: Waste-water Treatment Works) over 2010 to 2017. The total amount of avoided price review penalties reflects the restated figures that Southern Water has now provided about the numbers of WwTW that were potentially non-compliant with permit conditions relating to final effluent quality.
・Deliberate attempts at evasion -- government agencies monitor water treatment plants but the operator predicted when the inspections and sampling was due and intentionally halted to flow from treatment plants ("Artificial No Flow or ANF" events) so there was no output to sample:
The Sampling Compliance Report provides evidence (mostly in the form of email extracts between employees of Southern Water between 2010 and 2017), of staff anticipating the timing of planned OSM (Clive: On Site Monitoring) samples across numerous WwTW, in order to ensure that no effluent was available for sampling purposes. This deliberate practice (which took place through a number of different methods) of creating an artificial "no flow" event (described as an "Artificial No Flow or ANF") meant that a sample under the OSM regime could not be taken thus ensuring that the sample (and as a consequence the relevant WwTW) would be deemed as being compliant with permit conditions. As a result of this manipulation, a false picture of Southern Water's WwTW performance (and how this was being achieved) was provided internally within the company, to the Environment Agency (Clive: the UK's equivalent of the EPA, similarly gutted, but that's another story for another time ) and to Ofwat
・They even took waste water discharges away by tanker so nothing could be measured at the outfall pipes.
Staff then used the knowledge about sample dates to put in place ANFs. This included, for example, through the improper use of tankering (i.e. by tankering wastewater from one WwTW to another to cause an ANF). Another method included 'recirculating' effluent within a WwTW again to ensure there was no final effluent available for sampling.
・Senior management hassled and pressured employees to obfuscate performance measures.
The report also highlighted occasions where employees felt pressured by senior managers to create ANFs.
・The whistleblowing policy for employees actually started with a big red frightener threatening dismissal for using the wrongdoing reporting mechanisms:
Southern Water has acknowledged in its Action Plan that there were deficiencies in its organisational culture which prevented employees from being comfortable with speaking out about inappropriate or non-compliant behaviours. This included having in place ineffective whistleblowing processes which resulted in no staff coming forward to report their concerns despite certain staff being obviously uncomfortable about the implementation of ANFs and feeling pressured to act in an improper manner (as evidenced by emails we have seen that are referenced in the Sampling Compliance Report).
The whistleblower policy Southern Water had in place at the time included on its first page and highlighted in bold the following text: "Should any investigation conclude that the disclosure was designed to discredit another individual or group, prove to be malicious or misleading then that worker concerned would become the subject of the Disciplinary Procedure or even action from the aggrieved individual."
By pretending that waste water being discharged into watercourses was of a higher quality than it was, the investors pocketed profits that should have gone on infrastructure improvements and staffing to enable treatment plants to be safely operated and checked effectively.
Criminal investigations are pending . But we've seen this movie many times before. Protected by the best corporate lawyers money (public consumers' money, that is) can buy, a defence shield of auditors, layers of management on whom the blame can be pinned and a complex legal argument which has to be constructed to a high evidence threshold allowing jurors to be thrown off the scent to a degree that a reasonable doubt emerges, we shouldn't hold our breaths.
So we're left with the penalties imposed. Unfortunately there's less here than meets the eye initially from the headline figure. From the regulatory report:
This is a notice of Ofwat's intention to issue Southern Water with a financial penalty amounting to £37.7 million reduced exceptionally to £3 million for significant breaches of its licence conditions and its statutory duties. This is on the basis that Southern Water has undertaken to pay customers about £123 million over the next five years, some of which is a payment of price review underperformance penalties the company avoided paying in the period 2010 to 2017 and some of which is a payment to customers for the failures set out in this notice, paid in lieu of a penalty.
This means the regulator reduced the up-front cost (which would have come out of the profits for fiscal 2019-20 in one hit) for an arrangement which allows Southern Water eee-zee payment terms and to spread the cost over five years through a customer rebate initiative. And some of the rebate is itself merely penalties which would have been levied if the wrongdoing -- environmental pollution and missed targets for waste processing quality -- had been identified at the time. They are trying to bribe me with my own money.
The whole sorry saga shows how the entire publicly-overseen but privately-owned regulated utility model is completely broken. The system is a sitting-duck for gaming and, at best, the issues are uncovered well after the fact. If ever.
There is, however, a final failsafe currently still in place. Water quality standards in the EU are mandated by EU Directive with redress available through the Court of Justice of the European Union (CJEU). A Member State government can be fined and ordered to implement better oversight and governance of the utilities. Thus, any temptation which the U.K. government might succumb to, to "fix" problems like those entrenched in Southern Water by slackening off the potable and wastewater standards, are prohibited by the threat of EU / CJEU referral.
The U.K. government has promised that, post-Brexit, environmental protections will be "equivalent or better than" those specified in the EU Directive. I -- and similarly cynical readers -- might well harbour a few doubts about that.
Westken Tim , June 27, 2019 at 6:25 am
Mmm. I can't help but think that non-government ownership is not (necessariliy) the problem, but PE (an industry that has made a lot of people rich in the last 20y by pricing the same asset off ever-lower discount rates) certainly is.
Government ownership often results in unaccountable, faceless monopolies (I'm old enough to remember British Rail, which felt that it was an entirely acceptable plan to raise fares to push travellers off rail and onto the roads when the trains got too full) and the "taking private" of steady-state utility businesses, with cashflows that were "ripe" for securitisation and other smoke and mirrors moves, pushed accountability back into the dark ages.
There have been a number of cases of assets like this bought by JVs of PE and public pension plans. I wonder, were the latter just solicited to make the actions of the former look more respectable ?lyman alpha blob , June 27, 2019 at 1:02 pm
The government certainly doesn't always do a bang up job with everything it controls, but when the government runs things, citizens at least theoretically have some recourse.When a private corporation runs it, citizens can, literally in the case above, eat s**t.
PlutoniumKun , June 27, 2019 at 6:29 am
There is, however, a final failsafe currently still in place. Water quality standards in the EU are mandated by EU Directive with redress available through the Court of Justice of the European Union (CJEU). A Member State government can be fined and ordered to implement better oversight and governance of the utilities. Thus, any temptation which the U.K. government might succumb to, to "fix" problems like those entrenched in Southern Water by slackening off the potable and wastewater standards, are prohibited by the threat of EU / CJEU referral.
I do believe that the combination of Water Quality Framework Directives , along with the Habitats and Birds Directives , are a major 'hidden' driver behind the people behind Brexit. These Directives are written in such a way as to provide almost no wiggle room for national regulators to escape hitting hard quantitative targets for water and habitat improvements. The Fracking industry is a very significant example – the Water Frame Work Directive also sets standards for groundwater, and its exceptionally difficult for the industry to meet the standards of proof that they will not degrade the quality of these water bodies. The ECJ is dominated by judges from northern European jurisdictions, which tend to take a far more 'literal' approach to Directives and their associated national laws and regulations. They provide zero room to massage failures to hit targets.
Escaping those Directives will be worth billions to those two industries at the very least. Well worth shoving a bit of money to the various campaigns. There are plenty of other industries that likewise feel they will benefit from what will be an upcoming bonfire of the Regulations.
Clive , June 27, 2019 at 8:37 am
I think too that the wriggle-room on water quality -- wastewater especially, potable is generally not something that anyone would risk meddling with; well, unless you live in Flint, Michigan, anyway -- has not escaped the notice of or despicable elites here.
The temptation by government to play along, grant "temporary" "exemptions" in response to industry whining, sorry, lobbying, will prove difficult to resist, more than ever when the U.K. government will be in a position to know that its word is final (it can simply make new laws if it decides it doesn't like the old ones).
Will the U.K. as a society end up doing the right thing, or simply backsliding and acquiescence because it's just easier? At least in the short term. I wish I had a definitive answer to that one. Ask me again when we know for sure, although I suspect you'll have to dig me up and open the coffin first.
Susan the other` , June 27, 2019 at 10:16 am
International racketeering. First they hide the real "persons of interest" within a consortium of consortiums of funds of funds – much like some special purpose "vehicle" for wealthy investors – and then they lobby governments bye gaslighting them, saying 'We can do this economically and efficiently' and you are clearly running our of money, so sell this water district to us and we'll get it back on track.' Right. Makes me wonder if Bojo and his cronies are heavy into waste management. Pun intended.
pretzelattack , June 27, 2019 at 6:34 am
almost too depressing to read. thanks, though.
The Rev Kev , June 27, 2019 at 6:37 am
I can only see a change when laws are adjusted so that executives can face actual jail time. Spending a few months, if not a few years, in HMP Berwyn or HMP Bronzefield would definitely not look good on either a resume or on LinkedIn so would concentrate their minds wonderfully about the hazards of breaking laws. Till then, any penalties are merely costs-of-doing -business and so are not a great risk.
EoH , June 27, 2019 at 10:15 am
Prison time for top executives and board members. Real cash on the nail fines, to be paid in lump sums. Right to recover bonuses and distributions made to shareholders. Forfeiture of company ownership to the Crown. For starters.
Jesper , June 27, 2019 at 12:02 pm
Limited liability is a privilege not a right and if the terms for limited liability isn't fulfilled then the limited liability can, in some countries under certain conditions, become unlimited liability. An example, trading while insolvent in Sweden (in Swedish, as the laws are in Swedish and only concerns Sweden then it is unlikely to be found in many other languages):
In practice it seems to only happen for smaller companies .
Craig H. , June 27, 2019 at 11:18 am
How do you put people who sat around a conference table in a corporation committee meeting in jail? The entire process is designed and perfected to evade responsibility. Anytime I see something like this I class it as a complete fluke:
Is that scumbag really behind bars? I suspect it is total fake news.
Ignacio , June 27, 2019 at 8:16 am
While I was reading this I was feeling increasingly obfuscated by the similarities I find in the publicly-owned privately-managed sewage and waste plants in Madrid. I can easily understand the frustration of the regulator with managers opacity. Imagine how bored must I be sometimes, that I annually take a look at the reports that the managers of those plants produce. These are rubbish reports. You have to spend a lot of time, first trying to understand the real meaning of some concepts, second to gather the truly relevant variables in order to assess the real performance of the plants.
I have to say that the situation in Spain must be worse than in the UK because regulators, if they exist, never come up with auditing results, not to mention noticing misconducts. We are miles away from being able to even fine those misconducts of which only a few have been brougth to the public by NGOs.
Ignacio , June 27, 2019 at 12:21 pm
Interestingly the former progressive Major of Madrid Carmena, now replaced with conservatives in alliance with xenophobe populists, ordered the first audit (i believe it is the first) of the waste treatment plant, a huge facility called Valdemingómez. I guess that the current Major, whose name I don't want to recall, will hide audit results to the public given that his party set years ago the current model for waste management.
Tom Stone , June 27, 2019 at 10:20 am
Corporate motto "Eat shit and die".
Susan the other` , June 27, 2019 at 10:32 am
Good waste management/recycling is going to be the industry of the future. Instead of being publicly contrite about their excessive wealth, the Billionaires should all focus their resources on fixing what will otherwise be an overwhelming mess. We will all be, as the military says, "Overtaken by events" someday soon unless we get on top of this. Pollution, garbage and sewage are the byproducts of our irresponsibility. Coupled with overpopulation. Not good. Andrew Carnegie donated his money away on good things. Every little town in America was a beneficiary, with a "Carnegie Library" among other things. But it made us all laugh out loud when San Francisco named its new water treatment facility the "George W. Bush Sewage and Water Treatment Facility" (or stg. like that). Unfortunately, the joke is really on us unless we start demanding improvements and responsibility. The problem is already almost too big to fix, Houston.
Joe Well , June 27, 2019 at 10:52 am
I knew an English guy circa 1999 who was then 35 years old and a hard Thatcherite in his opinions (didn't do any actual political activism, of course) because the previous Labour governments had ruined everything to the point that the country had to go to the IMF. He was no fan of the NHS, either. NHS-reimbursed dentists had done a ton of unnecessary fillings on him and his young friends as children. Worse, NHS doctors had misdiagnosed a life-threatening illness for years until American emergency room doctors did a bunch of expensive tests and cured him.
I wonder what he would have to say 20 years later now that the faults of privatization on both sides of the Atlantic have been laid bare?
I don't think there is any alternative to constant watchdogging and activism by the general public.
Cal2 , June 27, 2019 at 12:45 pm
Sewage treatment is part of health care. Places without adequate sewage treatment suffer rampant diseases in potable water, fish, animals and people exposed to it. Sewage treatment facilities are the only example of publicly run health care in the U.S. Each homeowner, and renter, pays a certain amount for it and it is handled to scientific standards without a profit motive.
dk , June 27, 2019 at 12:58 pm
+100
And well done Clive.
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May 21, 2019 | www.counterpunch.org
May 20, 2019 Private Equity is a Driving Force Behind Devious Surprise Billings by Eileen Appelbaum
Surprise medical bills are in the news almost daily. Last Thursday, the White House called for legislation to protect patients from getting surprise doctor bills when they are rushed to the emergency room and receive care from doctors not covered by insurance at an in-network hospital.
The financial burden on patients can be substantial -- these doctor charges can amount to hundreds or even thousands of dollars.
What's behind this explosion of outrageous charges and surprise medical bills? Physicians' groups, it turns out, can opt out of a contract with insurers even if the hospital has such a contract. The doctors are then free to charge patients, who desperately need care, however much they want.
This has made physicians' practices in specialties such as emergency care, neonatal intensive care and anesthesiology attractive takeover targets for private equity firms.
As health reporter Bob Herman observed , acquisition of these health services "exemplifies private equity firms' appetite for buying health care providers that wield a lot of market power."
Emergency rooms, neonatal intensive care units and anesthesiologists' practices do not operate like an ordinary marketplace. Physicians' practices in these specialties do not need to worry that they will lose patients because their prices are too high.
Patients can go to a hospital in their network, but if they have an emergency, have a baby in the neonatal intensive care unit or have surgery scheduled with an in-network surgeon, they are stuck with the out-of-network doctors the hospital has outsourced these services to.
This stands in stark contrast to other health-care providers, such as primary-care physicians, who will lose patients if they are not in insurers' networks.
It's not only patients that are victimized by unscrupulous physicians' groups. These doctors' groups are able to coerce health insurance companies into agreeing to pay them very high fees in order to have them in their networks.
They do this by threatening to charge high out-of-network bills to the insurers' covered patients if they don't go along with these demands. High payments to these unethical doctors raise hospitals' costs and everyone's insurance premiums.
That's what happened when private equity-owned physician staffing firms took over hospital emergency rooms.
A 2018 study by Yale health economists looked at what happened when the two largest emergency room outsourcing companies -- EmCare and TeamHealth -- took over hospital ERs. They found:
" that after EmCare took over the management of emergency services at hospitals with previously low out-of-network rates, they raised out-of-network rates by over 81 percentage points. In addition, the firm raised its charges by 96 percent relative to the charges billed by the physician groups they succeeded."
TeamHealth used the threat of sending high out-of-network bills to the insurance company's covered patients to gain high fees as in-network doctors. The researchers found:
" in most instances, several months after going out-of-network, TeamHealth physicians rejoined the network and received in-network payment rates that were 68 percent higher than previous in-network rates."
What the Yale study failed to note, however, is that EmCare has been in and out of PE hands since 2005 and is currently owned by KKR. Blackstone is the once and current owner of TeamHealth, having held it from 2005 to 2009 before buying it again in 2016.
Private equity has shaped how these companies do business. In the health-care settings where they operate, market forces do not constrain the raw pursuit of profit. People desperate for care are in no position to reject over-priced medical services or shop for in-network doctors.
Private equity firms are attracted by this opportunity to reap above-market returns for themselves and their investors.
Patients hate surprise medical bills, but they are very profitable for the private equity owners of companies like EmCare (now called Envision) and TeamHealth. Fixing this problem may be more difficult than the White House imagines.
This column first appeared on The Hill .
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May 10, 2019 | www.zerohedge.com
Bernie Sanders, Ocasio-Cortez Propose 15% Cap On Credit Card Rates; Visa, MC Tumble
by Tyler Durden Thu, 05/09/2019 - 10:37 3 SHARES
America's revolution to a socialist, government-planned society complete with reserve currency helicopter money also known as "MMT", may or may not be successful but it certainly will be attempted, and every moment will be not only televised but also tweeted.
On Thursday morning, Visa and MasterCard tumbled after the democratic party's "progressive" socialist wing consisting of Bernie Sanders and Alexandria Ocasio-Cortez, announced they would introduce legislation on Thursday to cap credit card interest rates at 15%, a sharp drop from current levels . The proposal follows not long after AOC also proposed the "Green New Deal" - which among its various policy proposals urged to give a generous and recurring cash handout to any and every American, regardless if they work or not, and which according to analysts would cost the US as much as $100 trillion over the next several years.
In addition to a 15% federal cap on interest rates, states could establish their own lower limits, under the legislation.
Sanders, the socialist Vermont senator running for the Democratic nomination for president, told the WaPo in an interview that a decade after taxpayers bailed out big banks, the industry is taking advantage of the public by charging exorbitant rates. " Wall Street today makes tens of billions from people at outrageous interest rates," he said.
Ocasio-Cortez, the socialist New York representative who is expected to run for the Democratic nomination for president as soon as she is eligible, will introduce the House version of the bill.
According to some, the proposal is quite timely, and comes just as credit card rates recently hit an all time high despite artificially low interest rates, according to Creditcards.com, which has been tracking the data since 2007 and compiles data from 100 popular cards. The median interest rate was 21.36% last week compared with 20.24% about a year ago and 12.62% about a decade ago, according to the website.
Rates have been rising fastest for those with the lowest credit scores , said Ted Rossman, an industry analyst for Creditcards.com. "Issuers are taking an opportunity to charge people with lesser credit a bit more," he said.
https://www.dianomi.com/smartads.epl?id=4855
For borrowers with high credit scores the average rate was 17.73 percent last week compared with 16.71 percent a year ago. For those with poor credit scores, the average is now about 24.99 percent compared with 23.77 percent a year ago. The difference in the increase is about 20 basis points higher for customers with a low credit score. A basis point is a common way to measure changes in percentages.
"It may not sound like that much, but that is just in one year," Rossman said. And even small increases in rates can be crippling to a cash strapped borrower, he said. "It is the ultimate slap in the face when you're already down."
That may well be, but we wonder what Sanders and AOC will do when the bulk of their supporters, those with the lowest credit rating and by implication paying the highest interest rates - are de-carded as credit card companies tighten standards "just enough" to eliminate all those who would be in the 15%+ interest universe anyway . Will they then force credit card companies to issue cheap (or free) debt to anyone? Inquiring minds want to know...
Meanwhile, considering that in a time of inverted yield curves banks are scrambling for every dollar in interest income, the proposal is expected to meet stern resistance from the banking industry, which brought in $113 billion in interest and fees from credit cards last year, up 35 percent since 2012, according to S&P Global Market Intelligence. It also has zero chance of passing the Senate for at least the next two years, where Republicans hold the majority.
"I am sure it will be criticized," Sanders said of the legislation. "I have a radical idea: Maybe Congress should stand up for ordinary people."
Quoted by the WaPo , the 15 percent cap would be the same as the one Congress imposed on credit unions in 1980, Sanders said. (The National Credit Union Administration, the industry's regulator, raised that cap to 18 percent in 1987 and has repeatedly renewed it at that higher level.)
The full proposal is below
Archeofuturist , 6 minutes ago link
Posa , 6 minutes ago linkWhy not just ban all usury? Why stop at 15%?
Would that be considered anti-semitic?
Silver Willie , 7 minutes ago linkShrewd move from Sanders and AOC.. end usury now!
anduka , 14 minutes ago linkSubprime consumers would discover their credit lines would be eliminated overnight. Could create a wave of bankruptcies in short order. If they really want to crack down they need to start tinkering with the rates these payday loan companies charge.
3-fingered_chemist , 13 minutes ago linkThe banks own Congress. How is this ever going to pass?
beenlauding , 23 minutes ago linkInterest rate reflects that credit card debt is unsecured. If you cap it, most people will simply not have access to credit cards as the banks won't take the risk. Next, there will be a bill that ensures everyone has a credit card. Going into debt is an American past time, right?
elctro static , 31 minutes ago linkThis is an antisemitic attack on usury.
Wait, 15%-scratch that.
Sure, lowering the interest rates banks can charge on credit cards is a good idea - at first glance - but, in reality, it is simply another "gatekeeper" move. That means addressing a symptom of an issue, rather than it's real causative reason for existing. The central banking system, and the banks it controls internationally, including the Fed and headquartered in Basil, Switzerland - is a criminal enterprise designed to transfer the wealth of sovereign nations into the pockets of a tiny minority of fiends, and in the process, handing over all power to govern victim nations - through the influence of money in politics. This tiny group of very sick people are behind 90% of the misery and death in this world - including all wars and profits derived therein. Since they also control the media they have also foisted an incredibly successful mind control program on their victims. Here in the US, people run around after whatever the latest "big story" is purported to be - always making sure to box themselves into their manufactured personalities, repeating what they have been programmed to say. Everyone is watching the giant circus, and misses the machinations of profound evil - resulting in horrific consequences for all life on Earth.
The Fed and the banks need to exposed for what they are and destroyed, and the fiends behind them exposed, stripped of all assets, and sentenced to hard labor. Unfortunately, the US government and it's various branches of "justice" is owned by said fiends and would have to be overthrown to do what needs to be done.
Either way, apocalypse is approaching.
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May 06, 2019 | www.bloomberg.com
Warren Buffett, who has long slammed the hedge fund industry for charging high fees, escalated his criticism of private-equity firms that have been raising record sums of money in recent years.
"We have seen a number of proposals from private equity funds where the returns are really not calculated in a manner that I would regard as honest," Buffett said Saturday at Berkshire Hathaway Inc.'s annual meeting. "If I were running a pension fund, I would be very careful about what was being offered to me."
Buffett has a consistent history of blasting asset managers for charging high management fees and collecting performance fees on gains that sometimes don't beat broader markets. The presence of private-equity firms looking for leveraged buyouts of companies has also made it tougher in recent years for Buffett to find large acquisitions for Berkshire.
"We're not going to leverage up Berkshire," Buffett said.
Buffett and Berkshire Vice Chairman Charles Munger criticized how some private equity firms portray performance. Firms will include money that's sitting in Treasury bills waiting to be deployed when charging management fees, but will exclude it when calculating a so-called internal rate of return, the performance measure in which most funds are judged, Buffett said.
"It makes their return look better if you sit there a long time in Treasury bills," Buffett said. "It's not as good as it looks."
Munger described the practice as "lying a little bit to make the money come in." He added that many pensions are picking private equity because they don't have to mark down the value of the assets as steeply in a downturn, saying that this was "a silly reason to buy something."
Buffett has previously criticized the use of debt by private equity funds, saying in his 2014 letter to shareholders that Berkshire offers another, more permanent buyer, when people are looking to sell their businesses. He acknowledged on Saturday that leveraged investments would outperform in good environments, but he cited the 1998 collapse of hedge fund Long-Term Capital Management as an example of the downside.
While some have argued that Berkshire has embedded leverage by being able to use cash flows from its insurance businesses in acquisitions, Buffett said he wouldn't be adding debt to chase deals.
"Covenants to protect debt holders have really deteriorated," Buffett said. "I would not get excited about so-called alternative investments."
-- With assistance by Katherine Chiglinsky, and Hannah Levitt
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Apr 24, 2019 | www.moonofalabama.org
Lochearn , Apr 24, 2019 5:46:46 PM | link
@ 8 Dan
Yes, I mourn the dimming of Pepe Escobar's brilliance as he churns out article after article about the fucking silk or belt road, but I guess we have to live and to eat and in Pepe's case to travel.Trump was bought by the Zionists a long time ago. He had to go cap in hand to Carl Icahn in the early 1990s to get bailed out. That's Carl Icahn the famous greenmail crook of the 1980s. Greenmail consisted in buying a large stake in a company and making demands. Management would then make a very generous offer to just go away, much like the mafia operate. When greenmail was banned, Icahn carried on terrorizing companies by buying a hefty stake and demanding a seat on the board. From there he would insist on the sale of a subsidiary, the proceeds from which would swell his coffers. The company, now reduced in size, would then be attacked by another hedge fund in the form of a hostile takeover. Icahn and others, such as Nelson Pelz, were just two of a vast number of Jewish financiers who took full advantage of the liberalization of financial markets begun by Reagan and Thatcher and masterminded by Milton Friedman. The huge sums of money gained by private equity/hedge funds could now be used to finance the political campaigns of those supportive of Zionism, buy up media and a long etc.
Where I disagree with many on the right and some on the left is in the extent of Jewish power before this period. It is a tremendously complex area which I try to approach in my research without prejudice, more like a detective than a historian. I found out surprising things, such as Jewish people were not allowed into the top gentlemen's clubs in the US until the 1960s. The whole narrative about the Russian revolution being a totally Jewish conspiracy is also open to question. Lord Salisbury, three times British Prime Minister and of good English aristocratic stock (The Cecil family) was talking about fomenting revolution in Russia as early as 1888.
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Apr 22, 2019 | economistsview.typepad.com
anne , April 20, 2019 at 03:03 PM
https://cepr.shorthandstories.com/private-equity-pillage/index.htmlanne -> anne... , April 20, 2019 at 03:08 PMApril, 2019
Private Equity Pillage: Grocery Stores and Workers At Risk
By Eileen Appelbaum & Rosemary BattThe private equity business model is to strip assets from companies that they acquire. The latest victims: retail grocery chains.
Since 2015 seven major grocery chains, employing more than 125,000 workers, have filed for bankruptcy. The media has blamed "disruptors" -- low-cost competitors like Walmart and high-end markets like Whole Foods, now owned by Amazon. But the real disruptors in this industry are the private equity (PE) owners who were behind all seven bankruptcies. They have extracted millions from grocery stores in the last five years -- funds that could have been used to upgrade stores, enhance products and services, and invest in employee training and higher wages. As with the bankruptcies of common household names like Toys "R" Us, PE owners throw companies they own into unsustainable debt in order to capture high returns for themselves and their investors. If the company they have starved of resources goes broke, they've already made their bundle.
This is all perfectly legal. It should not be.
The media has blamed "disruptors" like Walmart, Whole Foods, and Amazon for grocery store bankruptcies. But the real disruptors in this industry are the private equity owners.
The bankrupted PE-owned grocery chains include East Coast chains A&P/Pathmark, Fairway, and Tops; West Coast chains Fresh & Easy and Haggen; the Southeastern Grocers chains (BI-LO, Bruno's, Winn-Dixie, Fresco y Más, and Harveys); and in the Midwest, Marsh Supermarkets. We could find no comparable publicly traded grocery chains that went bankrupt during this period....
[ This report is excellent, important but complex and long. A careful reading is warranted for those interested. ]
https://twitter.com/EileenAppelbaum/status/1119307516792512512point -> anne... , April 21, 2019 at 04:23 AMEileen Appelbaum @EileenAppelbaum
THREAD: The retail apocalypse in full swing: Gymboree closes 800 stores, Shopko 105, Payless 2300, Charlotte Russe 400. What's behind it? Some blame Amazon or changing taste, but the real culprit is private equity. We'll explain how PE makes money as these businesses fail. 1/12
11:31 AM - 19 Apr 2019
While grocery is outside my area, the story sure sounds like strategic use of the bankruptcy code for profit:anne -> point... , April 21, 2019 at 04:48 AMhttp://pages.stern.nyu.edu/~promer/Looting.pdf
George A. Akerlof and Pauil M. Romer
http://pages.stern.nyu.edu/~promer/Looting.pdfPlp -> anne... , April 21, 2019 at 11:38 AMApril, 1994
Looting: The Economic Underworld of Bankruptcy for Profit
By George A. Akerlof and Paul M. RomerDURING THE 1980s, a number of unusual financial crises occurred. In Chile, for example, the financial sector collapsed, leaving the government with responsibility for extensive foreign debts. In the United States, large numbers of government-insured savings and loans became insolvent-and the government picked up the tab. In Dallas, Texas, real estate prices and construction continued to boom even after vacancies had skyrocketed, and then suffered a dramatic collapse. Also in the United States, the junk bond market, which fueled the takeover wave, had a similar boom and bust.
In this paper, we use simple theory and direct evidence to highlight a common thread that runs through these four episodes. The theory suggests that this common thread may be relevant to other cases in which countries took on excessive foreign debt, governments had to bail out insolvent financial institutions, real estate prices increased dramatically and then fell, or new financial markets experienced a boom and bust. We describe the evidence, however, only for the cases of financial crisis in Chile, the thrift crisis in the United States, Dallas real estate and thrifts, and junk bonds.
Our theoretical analysis shows that an economic underground can come to life if firms have an incentive to go broke for profit at society's expense (to loot) instead of to go for broke (to gamble on success). Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations....
Once again akerloff is partPlp -> Plp... , April 21, 2019 at 11:39 AM
of a paradigm explorationA great thinker
Not enough follow upanne -> Plp... , April 21, 2019 at 12:20 PMLooting fraud etc
Firm failureHere is the follow-up:https://twitter.com/EileenAppelbaum/status/1119307516792512512
Eileen Appelbaum @EileenAppelbaum
THREAD: The retail apocalypse in full swing: Gymboree closes 800 stores, Shopko 105, Payless 2300, Charlotte Russe 400. What's behind it? Some blame Amazon or changing taste, but the real culprit is private equity. We'll explain how PE makes money as these businesses fail. 1/12
11:31 AM - 19 Apr 2019
Private Equity Pillage details the business model that allows private equity firms to bankrupt chains, throw workers out of jobs, stiff vendors and still make a profit, in the context of grocery stores. 2/12
https://cepr.shorthandstories.com/private-equity-pillage/index.html
Here's an overview of the business model. Private equity firms have rigged the process so they can extract profits not only from their investors (often public pension funds) but also from the companies that it "invests" in. Here's how: 3/12
Investors, using money from public employees' pensions for example, put their $$$ in a particular private equity fund. Right off the bat, the private equity firm makes a profit because they collect management fees for just accepting the money. 4/12
The traditional story is that private equity firms invest in already distressed companies. Yet more and more they are healthy, proven companies that the PE firm then forces to take on debt (which the company now pays interest on). This erodes its ability to stay competitive. 5/12
On top of the new financial pressures a company faces from this debt, it *also* pays monitoring fees to the PE firm. It may need to sell assets too, like real estate, and then pay rent to occupy the buildings it once owned. Where do the proceeds go? Usually, the PE firm. 6/12
With all this money being siphoned off from the company, it is in a much more difficult position to compete. 7/12
Case in point: Albertsons, the 2nd largest grocer, struggles to compete, unlike Kroger's (the largest). The difference? Albertsons is owned by PE firm Cerberus and lacks $$$ to invest in multi-modal retailing. Kroger's can do all that Amazon-owned Whole Foods does & more. 8/12
Now in a precarious situation, the company might liquidate, restructure, or be sold. None might be the PE firm's most desirable outcome, but financial engineering usually ensures that it comes out on top (and it might be first in line to divvy up assets). 9/12
Even if the PE firm doesn't make money from the bankruptcy, it has made money throughout the entire process via fees on its investors and the company it acquired, as well as from the assets the company sold off. The losers? Workers, investors like pension funds, vendors. 10/12
But common sense reforms can help. These could be limiting the debt an acquired company can take on, being transparent about fees, limiting payments to PE firms in the aftermath of a buyout, making PE firms joint employers, and protecting workers if a company goes bust. 11/12
Private equity gets away with all of this because of loopholes in current law. But that doesn't mean what the