Democrats Whining

Pirro Drops the Hammer on Wall Street

Jeanine Pirro Just Hit JPMorgan and Bank of America With Criminal Subpoenas Over Conservative Debanking

JPMorgan Chase already admitted in court it shut down over 50 of Trump's accounts after January 6.

Now the Justice Department wants to know who else they did it to. And the banks are going to have to answer.

US Attorney Jeanine Pirro's Washington, DC office has sent sweeping criminal subpoenas to JPMorgan Chase, Bank of America, Wells Fargo, and other major banks demanding the names of every customer they cut off – and a written explanation for why each account was closed.

This is not a polite inquiry.

Federal subpoenas carry legal weight, and ignoring them means contempt proceedings.

Read more about it...

Liberal Media upset with Wall Street Journal over printing Trump's op ed

Liberal social media furious after Wall Street Journal dares to allow Trump to attack Big Tech in scathing op-ed

Donald Trump issued a scathing rebuke of Big Tech in an op-ed published Thursday in the Wall Street Journal, detailing why he is suing Big Tech giants and how he believes certain corporations are complicit in squashing the speech and diverse ideas of everyday American people.

"One of the gravest threats to our democracy today is a powerful group of Big Tech corporations that have teamed up with the government to censor the free speech of the American people," he wrote.

Read about it...

Trump betrayal by Goldman Sachs?

Goldman Sachs paid $12 million to the Securities and Exchange Commission, and $4 million to the state of Massachusetts, in response to charges that a former banker in its Boston office worked daily for the 2010 gubernatorial campaign of former Massachusetts treasurer Tim Cahill while winning bond underwriting business in the state.

Goldman Sachs’ new policy only perpetuates the argument that Hillary Clinton is the preferred candidate of Wall Street. Clinton earned nearly $675,000 in speaking fees from Goldman Sachs and has refused to publicly release transcripts of those speeches.

Read about it...

Patrick Murphy involved with a Wall Street Wolf

Scammer pours cash into Patrick Murphy's campaign.  Read all about it...

Export-Import bank on edge of Extinction

Democrats love them some crony capitalism

I admit, I had to read the title of this story at the RedState about four times but it got my attention. In the body of it, it reads--

"American business, as personified by the Chamber of Commerce, Wall Street, and K Street are right to fear conservatism.  And the sooner that we conservatives come to the conclusion that our interests – free people and free markets – are not the same as the Chamber of Commerce, the sooner we can get about our business... Right now the US Export-Import Bank is teetering on the razor’s edge of extinction.

In June,  newly elected House Majority Leader Kevin McCarthy said  that he is in favor of letting the US Export-Import Bank die in September when its current authorization expires in September...he wouldn’t support reauthorizing the charter of the Export-Import Bank of the United States."

Read more... at the RedState to see what all of this means.

Paper Money and the Quick Buck

Every now and then I will get an anonymous poster (anonymous posting has now been disabled) that would crack me on the side of the head about Obama by bringing up the rise in the stock market to show me how great he is doing as a president. Yes, there are still forty something percent of people who still think of him as God or Jim Jones. They would say, well if Obama is really as bad as you say, "Look at the stock market." Of course these diehards would qualify that with the word "stupid."

One of today’s most common economic fallacies is that the soaring stock market is evidence of economic recovery. Nothing could be further from the truth.

"Stocks have almost tripled since the 2008 collapse, but that stock growth stems from Federal Reserve money printing (inflation) and near zero interest rates. The Fed’s balance sheet has grown more than fourfold since 2008 — to $4.3 trillion — and was used to prop up the “too big to fails.” That money had to go somewhere."

Read more... on the Immortality of Paper Money

DOW over 17,000 for the first time

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What does this do to the Bond Market?

The Investment Company Institute reported that investors last week actually pulled $2.19 billion from U.S. stock mutual funds in the week ended June 18, after pulling $2.8 billion the week before. Investors have pulled $10 billion out of U.S. stock mutual funds in the last five weeks, according to ICI. 

Aiding and Abetting Poverty

Those using food stamps through the Supplemental Nutrition Assistance Program (SNAP) increased by an average of 13 percent a year from 2008 to 2012.

Subsidized food assistance from the federal government has risen to 101 million, representing roughly a third of the U.S. population. The U.S. Department of Agriculture estimates that a total of 101,000,000 people currently participate in at least one of the 15 food programs offered by the agency, at a cost of $114 billion in fiscal year 2012. Read more... at CNS News.

View the chart

The government, instead of trying to raise people from poverty, are aiding and abetting. With the government about to pass amnesty, more and more Americans will be out of jobs and those who suddenly become "legal" will put pressure on the government for welfare services and benefits...the standard of living in America will keep falling.  The interesting thing is that the stock market is rising. Money has to flow somewhere, much like water in an open tap.  Beware a market pumped up mainly by the printing press. What goes up will go down.

Our system is not too big to fail

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The chart below shows how much PUBLIC debt has increased in America over the past 30 years....and how things have really gotten out of control in the past ten. Capital has become PUBLIC DEBT...a debt everyone owes. Wall Street Bankers portray that accumulating PUBLIC DEBT doesn't matter as they get rich bankrupting everything and everyone. It is no different than when bankers induced citizens to over leverage homes or buy dot.coms....but in the end, we learned they lied. By capitalizing PRIVATE wealth with PUBLIC debt, the bankers have financially reconstructed the moral equivalent of slavery or serfdom until things collapse. The wealthy are now rich due to a debt that they owe, PUBLIC DEBT, but can't pay back. So the bankers are creating the illusion of wealth by rolling over the debt on the next generation that bankers know can't be paid back.

Read more... on the system is failing--a perspective.

Inclusive Prosperity Act

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The “Inclusive Prosperity Act” (HR 6411) seeks to tax all Wall Street financial transactions to provide “the revenue needed to invest in the education, health and communities of the American people.”

If this bill becomes law, all financial transactions will be charged a tax (or penalty) which will be washed through a myriad of government giveaway programs so as to adhere to Islamic Finance Law. Congressman Ellison, our first U.S. Muslim representative is attempting to pass a law that will in effect make our entire financial services community covertly Sharia compliant.

The Nation says, "...the notion that radical Muslims are trying to take over the country seems to be catching on. A 2011 poll by the Public Religion Research Institute showed that 30 percent of Americans believe Muslims want to establish Sharia in the United States. The percentage was even higher—52 percent—among those who said they most trust Fox News."
Read more at Political Outcast

Stock Act signed

Back on January 24, 2012 State of the Union, the President said, “Send me a bill that bans insider trading by members of Congress; I will sign it tomorrow.”

Yesterday, Obama signed into law the STOCK Act, a bipartisan bill that prevents members of Congress from trading stocks based on nonpublic information they obtain in the position of their elected office. He failed to mention all his top bundlers, those 1 percenters he likes to diss when convenient, who recently were invited to a big March 14 Whitehouse event and gave nearly $11 million to his campaign...Wall Street insiders and fat cats who I guess never get any inside info.