TPN :: No Illusions with Cameron Reilly | Archive

The “Goldman Sachs” Administration: 1993 – ?

Posted on 27. Nov, 2009 by Cameron Reilly in banksters

On holidays in Melbourne, having an awesome time showing @fddlgrl all of my favourite haunts. Just have one quick thought to share with you.

We need to stop referring to the “Clinton” administration, the “Bush” administration and the “Obama” administration. We need to start referring to the last 16 years collectively as the “Goldman Sachs” administration.

I was prompted to think of this while reading this post on Crooks and Liars about the TARP bailout. The suggestion is that the bailout isn’t Obama’s fault, because Bush was still in power when it happened. They seem to be forgetting that the US Senate said NO to the original bailout vote, and it wasn’t until Obama took time out of his election campaign to “work Capitol Hill” that the bailout finally passed. I remember him getting the credit for it at the time. So he doesn’t get a pass on that shit.

The point, though, is that the US Treasury, under Clinton, Bush and Obama, has continued to be run by ex-Goldman Sachs executives. So let’s not fool ourselves about who is in power. Goldman were the single largest private investor in Obama’s election campaign. And now they are they have managed to wipe out their competition. As they say here, “Like on the TV program SURVIVOR – the last survivor standing is Goldman Sachs – who receives the grand prize. But in this case it is not just the fame and one million dollar prize. It is infamy with trillions of dollars in rewards.”

The banksters seem to be running things, at least in the USA. A friend of mine who works in finance told me recently how the big four banks in Australia have emerged from the GFC even more arrogant than ever. They managed to buy out most of their competition and now they have an even stronger lock on the marketplace, deciding who gets finance and at what usurious rates. Which is just another reason for all of your to join me on the “Million Bank March” campaign. It’s the only way I can see that we can start to reign them in.

Your Credit Card Has Been Compromised

Posted on 01. Oct, 2009 by Cameron in banksters, capitalism

It’s time for all of us to get rid of our credit cards, once and for all.

As if the "Global Financial Crisis" (or, as I like to call it, the "Greedy Fuckers Crisis") hasn’t already taught us that we need to wean ourselves off of this credit-based culture we’ve built for ourselves, then this story should. According to News.com.au, "one in five Australians is a victim of credit card fraud or computer hackers."

More quotes:

"Credit card crime is by far the biggest single fraud issue, with almost 10 per cent of those surveyed falling victim to card theft or skimming."

"The news will be an embarrassment to the banks, who repeatedly claim that their systems are secure."

The banks make BILLIONS and BILLIONS of profits every year and they STILL can’t stop credit card fraud. Why? Because they don’t care. It would cost more to fix it than it does to pay out the claims. It’s the same reason they can’t develop an e-banking system that doesn’t look like it was made my monkeys in 1993. THEY DON’T CARE ABOUT YOU. They care about profits, not people, not customers – PROFIT. That’s why their customer satisfaction scores are in the toilet.

Credit cards are just another way that the banks, corporations and the government manages to keep us up to our eyeballs in debt. They know that human nature means that if you CAN spend it, you WILL – eventually. And then they have you by the balls. And if you’re living on debt, you’re easy to manipulate. You can’t afford to quit your job – so they can screw you down a little bit more. You can’t afford to lose your job – so you put "the economy" ahead of other issues, like "the survival of the species" when you vote in elections. You dance to their tune.

Let’s get a campaign going to get a million people to cut up their credit cards this year. Along with my other campaign to get a million people to walk away from the "big four" banks and take their banking to a smaller, member-owned credit union.

Let’s take control of our destiny people.

UPDATE: Check out @mrshlee! He already decided to cut his up! (video)

It’s Official: The World’s Finances Are In The Hands Of The Few

Posted on 02. Sep, 2009 by Cameron Reilly in banksters, capitalism, geopolitics

I wonder how closely the names on this report map to the Bilderberg Group?

A recent analysis of the 2007 financial markets of 48 countries has revealed that the world’s finances are in the hands of just a few mutual funds, banks, and corporations. This is the first clear picture of the global concentration of financial power, and point out the worldwide financial system’s vulnerability as it stood on the brink of the current economic crisis.

A pair of physicists at the Swiss Federal Institute of Technology in Zurich did a physics-based analysis of the world economy as it looked in early 2007. Stefano Battiston and James Glattfelder extracted the information from the tangled yarn that links 24,877 stocks and 106,141 shareholding entities in 48 countries, revealing what they called the “backbone” of each country’s financial market. These backbones represented the owners of 80 percent of a country’s market capital, yet consisted of remarkably few shareholders.

The most pared-down backbones exist in Anglo-Saxon countries, including the U.S., Australia, and the U.K. Paradoxically; these same countries are considered by economists to have the most widely-held stocks in the world, with ownership of companies tending to be spread out among many investors. But while each American company may link to many owners, Glattfelder and Battiston’s analysis found that the owners varied little from stock to stock, meaning that comparatively few hands are holding the reins of the entire market.

via Research – ISNS.