Skip to main content

Frenzy celebrations by the Wall Street mafia for achieving primary target, thanks to Donald Trump!

Banksters must be drowning in champagne right now!


With Trump administration taken over by Goldman Sachs, nothing can surprise us, anymore. The fairy tale of the 'anti-establishment' Trump who would supposedly fight for the interests of the forgotten - by the system - Americans, was collapsed even before Trump election.

What's quite surprising, is how fast the new US president - buddy of the plutocrats, is offering 'earth and water' to the top 1% of the American society, as if they had not already enough at the expense of the 99%. His recent 'achievement', was to sign for more deregulation in favor of the banking mafia that ruined the economy in 2008, destroyed millions of working class Americans and sent waves of financial destruction all over the world. Europe is still on its knees because of the neoliberal destruction and cruel austerity.

From thehill :

President Trump Friday signed a pair of executive orders aimed at lightening the regulatory load on financial institutions, setting the stage for a broader push to scale back the Dodd-Frank financial reform law.

The orders are somewhat limited in scale but indicate the new administration will make an overhaul of Wall Street rules a priority going forward.

[...]

The order itself is limited, but Trump will be able to make his mark on the law going forward, primarily by filling out key regulatory positions with his own picks. But more wholesale changes to the overall structure of those rules will likely require help from Congress.

Early indications are that Democrats are eager to criticize any efforts to make life easier for Wall Street. “The Wall Street bankers and lobbyists whose greed and recklessness nearly destroyed this country may be toasting each other with champagne, but the American people have not forgotten the 2008 financial crisis — and they will not forget what happened today,” said Sen. Elizabeth Warren (D-Mass.) in a statement.

The second order would have a more immediate impact. That executive action directs the Labor Department to halt work on a contentious rule aimed at retirement investment advisers, known as the “fiduciary duty” rule. The rule would require financial advisers to act solely for the benefit of their clients, a requirement backers say is critical to ensuring customers are not steered into pricey and ineffective investments by advisers looking to boost their commissions. The financial industry has fought the regulation, painting it as overbroad and overly burdensome. That rule was finalized last summer by the Obama administration but was not planned to take effect until April 2017. But under the order, the government is delaying implementation of that rule and ordering it to be reviewed by the Labor Department. With Trump in power, and Republicans and the financial industry longtime opponents of the regulatory effort, it is highly unlikely the rule will ever take effect in a substantially similar format.

So far, the only direct action that could be considered anti-establishment and anti-globalist by Trump, was the withdrawal of the US from TPP agreement, which, however, some claimed that it was already dead. Apart from this, Trump is absolutely committed to the dominant neoliberal doctrine, therefore, to the establishment.

Take a good look at the picture. Focus on the man who stands at the right (as we see the picture) of Trump to understand who is the real boss. The one who passes him the papers to sign. Observe the joy and satisfaction on his face. The only good thing is that, at least Trump is not pretending that he is the one who governs America:


And take a good taste of Gary Cohn: recently on Fox News, he argued fanatically in favor of deregulation, using the common neoliberal narratives propagated by the system. That is, he pretended that he cares about small and medium businesses, saying that the banks should make capital available for them. And guess what's the problem: taxes and regulation. Once the banksters get free from taxes and regulation the miracle will happen: they will start lending small-medium businesses, the real economy will flourish, the unemployment will disappear! Who cares about free healthcare and free education after all, right?

Yet, the reality is that, more than forty years of uninterrupted waves of deregulation, have brought financial catastrophe, inequality, unemployment, more poverty for the working class, more profits for the Wall Street 'gurus'.

The reality is that, Wall Street mafia celebrated because it has just achieved a primary target: deregulation.

Recall that, a leaked document back in 2014 revealed that “the EU suggests a number of mechanisms that will both scale back existing regulation, and prevent future regulation that might contradict the interests of financial corporations from both sides of the Atlantic. The leak follows news that EU negotiators have increased political pressure on the US to accept negotiations on 'financial regulatory cooperation', which the US negotiators have so far refused. [...] the US banks see the EU initiative as another welcome opportunity to attack domestic regulation, and has teamed up with its European counterparts to pressure the US administration.

Looks like the Wall Street mafia finally found its best puppet!


Related:

Trump makes America Goldman’s again!


Actually, Goldman Sachs ‘hacked’ the presidential election


The Goldman Sachs Trump






Comments

  1. Anonymous4/2/17 13:12

    This "commentary" is absolute crap.

    "Yet, the reality is that, more than forty years of uninterrupted waves of deregulation"

    False. A commonly accepted falsehood, which just isn't correct. The US economy has never been more regulated. Regulations are highly complex also, so why commentate on them in black and white fashion the way you are? Saying removing regulations is 'bad'? Not that simple.

    You probably don't even know the first things about regulations and economics / finance etc.

    ReplyDelete
    Replies
    1. What? You are kidding, right?

      If not, obviously you have no idea about what neoliberalism means. Here, this is for a start:

      https://www.youtube.com/watch?v=soYQsecd-_U

      https://www.youtube.com/watch?v=7WHTYTvFNRU

      http://digamo.free.fr/stig2002.pdf

      https://en.wikipedia.org/wiki/Deregulation

      Neoliberalism (neo-liberalism)refers primarily to the 20th century resurgence of 19th century ideas associated with laissez-faire economic liberalism.:7 These include extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to increase the role of the private sector in the economy and society.These market-based ideas and the policies they inspired constitute a paradigm shift away from the post-war Keynesian consensus which lasted from 1945 to 1980.The implementation of neoliberal policies and the acceptance of neoliberal economic theories in the 1970s are seen by some academics as the root of financialization, with the financial crisis of 2007–08 as one of the ultimate results.

      https://en.wikipedia.org/wiki/Neoliberalism

      Tell me if you need more. This is only a small sample.

      Delete

Post a Comment

Popular posts from this blog

Protesters Stalk & Confront Israeli Minister Through NY Streets!

The Jimmy Dore Show   Israeli National Security Minister Itamar Ben-Gvir, who is also a convicted terrorist and Jewish supremacist, has been touring the US, speaking on college campuses and meeting with political groups, and he even traveled to Mar-a-Lago. His visit has been met with widespread protests, however. Ben Gvir was confronted by pro-Palestinian demonstrators in New Haven, Connecticut, following a speech he gave at Shabtai, a private Jewish society at Yale that’s not officially affiliated with the university. Jimmy Dore and Americans’ Comedian Kurt Metzger discuss how Ben-Gvir’s security detail was able to assault protesters with impunity — and that in fact police officers approach an assaulted protester to demand that he step away from Ben-Gvir’s group.

Deranged euroclowns want to revive a nazi-origin project!

globinfo freexchange   Behind the ridiculously cartoonish latest spot of the EU that gives "instructions" to the European citizens on how to deal with a major crisis during the first hours, lies a secret desire.    The deranged euroclowns of the crypto-fascist extreme center , are trying to build up a condition of consent inside the minds of Europeans, which is related to their biggest wet dream: an autonomous imperialist European army. The idea was not born suddenly because of Trump's hostile attitude against his own allies. From the early 50s, pan-European networks of neo-Nazis were created. In May 1951, the European Social Movement (MSE) was founded in Malmö, Sweden. Essentially, it was about projecting the ideology of the German SRP on a pan-European level. The MSE, which would remain active until the 1980s, proclaimed the need for Europe to emancipate itself from the divisive tutelage of the USA and the USSR, called for the defense of the “European race” against th...

Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny

globinfo freexchange   Does Trump know what he is doing? Well, yes and no. While many interpretate his latest move, mostly as an attempt to halt China, his main goal is to give the final blow to the neoliberal order on behalf of his oligarchs .  From this perspective, Trump's unprecedented decision to decide mass tariffs against almost everyone, was an act of strategic hit against the global free market neoliberalism, with the financial capital  at its top. And that's because this dominant-for-almost-half-century system, identifies restrictions and protectionism as major threats against its own existence. In other words, Trump acted as a commander of the capitalist faction that wants to beat its neoliberal rivals and put itself in charge, through a new transformation of capitalism into a 21st century corporate feudalism.   Concerning China, Trump's move may have some negative impact on its economy for a while, since China has chosen to partially play by the rule...

Neoliberalism Needs To Go

Second Thought  

Google Imports Ex Israeli Spies, The Genocide Resumes, Cruel Britannia

by Nate Bear   Part 3 - Cruel Britannia   The UK is moving ahead with large welfare cuts for disabled people, including those with cancer. On TV the other day, the UK’s health secretary Wes Streeting said that people with cancer should be in work, not at home resting. Alongside this, the government has said that to cut youth employment it will push young people to join the army. This, of course, is in the context of a massive expenditure on military weapons in the face of the Russian bogeyman.   What’s happening in the UK under a nominally centre-left Labour government is a good reminder that there is never a lesser evil if your leaders are neoliberals. Balancing the books on the backs of the poorest and most vulnerable in society is the north star of all neoliberals, whether they call themselves centrists, left wing or right wing. Cruelty is the policy and the point.    Yet the last few years have also been a good reminder that everything is a choice. Cov...

Trump Speeds Up FALL OF THE WEST With Tariff War

Owen Jones     Related:   Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny

US Official EXPOSES Truth About Gaza From The Inside

Owen Jones  

UN rapporteur Francesca Albanese: World is watching a live genocide in Gaza and doing nothing

The New Arab   As Israel’s war on Gaza enters its 19th month, UN Special Rapporteur Francesca Albanese is sounding the alarm louder than ever: the world is watching a live genocide — and doing nothing to stop it. In an exclusive interview with The New Arab , Albanese describes the devastation in Gaza as unparalleled since WWII. Entire neighbourhoods lie in ruins, tens of thousands are dead, and 91% of Gaza’s population is at risk of malnutrition. Over 60,000 children show signs of cognitive impairment due to starvation.  “This is not just war. This is genocide in real time,” she says. “What we are seeing now is the destruction of a people who refuse to leave.” Despite UN mandates and international law, Albanese says the global system is paralysed, and governments, corporations, and even universities are complicit. “If Palestine were a crime scene, it would bear all our fingerprints.”

Every Day The Gaza Holocaust Continues, The Empire Tells The Truth About Itself

Caitlin Johnstone   We do not live in a free society that is guided by truth and morality. We live under the most murderous and tyrannical power structure on the face of this planet. And we should distrust everything about it. That's what they're showing us with the Gaza holocaust. More and more people are opening their eyes to it every day.      Related:   Time for the anti-imperialist powers to take the keys of the planet from the declining and morally bankrupt West