Americans are angry, and they are getting angrier. Entire life savings were stolen, they’ve vanished. Men are embarrassed, humiliated and hopeless because they cannot work and cannot provide for their families. Unemployment is at all time highs. People are hungry and food lines are getting longer. The country is crumbling at its foundations because the economy has been utterly decimated.
The country’s economy has not been decimated because the workers and the people broke their social contract to work, to contribute and to provide. The economy has been decimated because a small group of men in New York City and Washington, DC conspired to take from Americans all across this country, using every lie and scheme and trick they could employ to do so. The bankers and brokers and Wall Street serpents convinced the American people to believe in a sophisticated web of lies and deception. They convinced the American people to believe in them because they are the titans at the pinnacle of American Exceptionalism, the heads of the banks and of the venerable trading houses that fund the American mythology.
They have bought and paid for the leaders in state houses and in Washington DC that normal Americans think they elected. The truth is, these titans elected these leaders and the leaders serve the titans. The American people buy into the lies and the deception and the fraud of the titans. Not figuratively, but explicitly and literally. They invest their entire life savings into the stocks and the financial products that the titans are ever more aggressively peddling. Our leaders are complicit because they create systems and policies that require Americans to buy into the lies of the titans.
And then it all come crashing down.
I’m talking of course about The Great Depression and 1933. Not today. But we are there all over again. And we are to be dammed because the very same thing has happened all over again….and some of the same players are involved all over again. In 1933, the vipers were National City Bank…today’s Citibank and J.P. Morgan. The term “bankster” first appeared. Prior to the crash, the Wall Street vipers were sucking every single dollar out of America, from the east coast to the west coast and everywhere in between. The life mission of the Wall Street vipers was to suck every last dime out of the pockets of every single American and every municipality and sucker and rube and dope from coast to coast. And if things got slow or they weren’t quite meeting their goals, their elected friends in Washington and state capitals passed laws or enacted policies or did whatever was necessary to help them march toward the goal.
Our nation was dumbstruck when it all came crashing down. How could this happen? Where did it all go wrong? Some facts are complex, but the primary reasons are very clear. What no one knew then was that the titans were betting against them all. In 2008 we had the credit default swap, in 1930 we had “shorts”. While the titans were busy whoring out their “well secured bonds” to the dupes that were the American people, they were putting their shorts on the failure of those very bonds. And the titans were making salaries that were exorbinate even by today’s standards…the titans then were making up to 33 times the average salary of Americans in 1929. The most notorious of the Wall Street viper of the day was the chairman of Citbank, Charles Mitchell earned the equivalent of $500 billion dollars over a three year period, 1927-1929. And just like today when the titans of industry and the vipers of Wall Street reap all the benefits, that you provide and do nothing to contribute….it was later determined that Charles Mitchell engaged in sophisticated transactions that resulted in him not paying one single dime in income taxes in 1929…a year when he took home $1.1 million in salary and bonuses.
America was dumbstruck in 1932, but today we’re just dumb. History is repeating itself all over again, and we’re all just sitting back and watching it happen. In 1933, a young lawyer named Ferdinand Pecora was picked to lead a congressional investigation of the Wall Street crime scene and his cross examination of the Wall Street vipers is legendary. The book is required reading for anyone who has even the slightest idea of the trouble we’re in in this country…click here for an audio version and review.
The Great Depression had Ferdinand Pecora, and we have Elizabeth Warren. Now I beg of each of you to watch this Video and see how this snivleling little twit of a Congressman calls Elizabeth Warren a liar. Just watch the reaction on her face after this twit breaks all rules of etiquette and frankly just lies right through his own teeth. Now go here for an excellent story on the whole dust up.
If you’re really committed, log on to the congressman’s Facebook page and tell him what you think.