Monday, July 25, 2016

Midday Musical Interlude: Juzzie Smith, “Bluesberry Jam”

Juzzie Smith, “Bluesberry Jam”

"The Only Thing..."

"If you are neutral in times of injustice, you have chosen the side of the oppressor."
- Desmond Tutu

“Our lives begin to end the day we become silent about things that matter.”
- Martin Luther King, Jr.

"Being Human On A Psychopathically Controlled Earth: Three Lessons From The Movie ‘Groundhog Day’"

"Being Human On A Psychopathically Controlled Earth:
 Three Lessons From The Movie ‘Groundhog Day’"
by Carl Herman

"The 1993 movie 'Groundhog Day' is the story of a person trapped to live the same day over and over. The main character responds to this situation in three phases:

• Manipulative control for selfish short-term desires.
• Depression and attempted rejection from no escape and no satisfaction.
• Self-expression for virtue and service with satisfaction.

After selfish desire is transcended, the character awakens on a new day with all the earned skills of practiced virtues. Five-minute overview:

2016 planet Earth is the story of humanity trapped to live the same psychopathic control system over and over. Relatively unaware humans are like the background characters in Groundhog Day, operational work animals for the .01%. Relatively aware humans respond to this situation in three phases:

• Manipulative control for selfish benefits (willfully operating within parasitic systems and/or joining the .01% psychopaths).
• Depression and attempted rejection (aware and disliking the system, refusing to join it, but also with resistance to embracing engagement)
• Acceptance of the factual condition of a psychopathic control system, with engaged self-expression for virtues.

Let’s consider three possible lessons from this analogy:

First: If the point of Life is evolution of experiencing and expressing virtue, be focused and go for it. Both in the movie and our lives, virtue (however we best define it) seems to be the purpose, both in experience (what we feel) and expression (thoughts, words, actions). The main character in the movie began in shallow self-gratification, with discovery in living the same day over and over that those experiences and expressions are ultimately manipulated, loveless, and unsatisfying.

In our lives, to the degree we associate with personal desires, we may trick others to get outcomes we think we want (money, agreement, dominance, etc.), but also discover a future of never-ending control to bullshit others to do what never satisfies us. Virtue, in contrast, is inclusive to connect with all Life, and recognizes our human mutual challenge to both experience and express virtue. This game of virtue and service is uncontrolled and bold discovery of the creative, with evolving nurturance in cooperative competitions. It’s a truthful partnership with Life.

Importantly, and what most people miss, practice for virtue includes to really feel virtue from others, not merely take actions to express virtue. We cannot control when and how virtue is expressed by others, and we can develop the art and science of nurturing it.

Second: Surrender control over Life; accept control over what is in our hands. 'Groundhog Day' is a lesson of surrender over what Life does to you. We, too, of course, can engage however we wish with Life, yet what happens is what happens. After exhausting simple desires, the movie’s character discovers openings to explore creative options: ice-sculpting, learning French, playing piano, discovering the lives of the people he lives with that includes what they feel most important about themselves, and that genuine service makes him feel best in his evolving experience of being connected to others.

We Earth humans also feel strongly to develop virtues with whatever time and openings available. For me, this includes virtuous behavior and experience with the other beings in my Life, the best work I can provide, service to others through research and writing, exercise and playing a sport, and a sensitivity to recognize and act upon opportunities of service for what others find important. This “service to others” has me rarely ever mention the most important work I do in Life that I believe serves others, such as working to end poverty, war, and constant “official” lying, and has my experience by sort of like a spy. Importantly, service to others has my personality disappear from the interactions.

Genuine virtue and service is attentive, and therefore has no room for negative experience. Attention on the acts of relating, work, play, service, etc., makes it impossible to experience anything outside of being with those choices. That is, any resistance, rejection, and complaint is dissolved when one is attentive.

Third: Sure, we’d rather win this game of .01% psychopath control, but make the best of what’s in front of you and the resources you have. In paradox, the movie’s character loses desire with attention on virtue and service, while in moments of thought surely imagines a better life than living the same day over and over. The character beautifully develops in genuine virtue and service from focus and practice on virtue and service.

On 2016 Earth, time moves forward, but the .01% control system engages in one lie-started illegal War of Aggression after another, loots trillions while constantly gaming economics to debt-enslave more, and constantly feeds bullshit lies of omission and commission to treat humans as their sheeple. It’s constant manipulative control, over and over and over and over and over…

Almost every day I desire for humans to win this game with our .01% opponents, with empathy for annual millions killed, billions harmed, and trillions looted from a planet that could be a really beautiful place for all its inhabitants. Almost every day I desire:

• Real leadership to name and end the ongoing war-murders, looting, and lying.
• Human freedom for us to love each other, and especially to evolve beyond the damaged human reactions of fear.
• Genuine creative intelligence of unleashed freedom, and especially to end the ongoing sheepish bullshit humans cling to connected to their own slavery.
• The art and science of harmonious relations; the mindful practice of evolving and enjoying human interactions and interactions with all nature.
• Unleashed technology and science to evolve the human experience.
• Spiritual practices to most fully experience and express our interconnectiveness with Life and each other.
• Unleashed efficiency to maximize our free time for creative exploration of Life.
• That we practice virtue and service so fully that all those desires disappear in the attentiveness of the moment, and attention on others’ well-being.

The movie’s character and we cannot control how long our captivity will be. He adjusted to his “captivity” with unimaginable virtue and creativity. We, too, cannot control how long our captivity to psychopaths will be. We, too, can respond with unimaginable virtue and creativity. Both scenarios, fictional and real, can be appreciated as “Red Team” stories: an apparent oppositional force strongly motivating to bring one’s best “game” forward.

“Forsan et haec olim meminisse iuvabit.” – Virgil’s "Aeneid" (book 1, line 203), “This suffering will yield us yet a pleasant tale to tell.” Or: “A joy it will be, perhaps, to remember even this.

For Americans still still believing the fiction that our “leaders” want to help us, please embrace the reality that 40% of US children live at least one year of their lives in under-measured poverty, while oligarchs most responsible literally laugh in grandiose glee of the poverty they euphemise as “income inequality.” Please absorb this 1-minute reality check:
Real-world Earth’s 'Groundhog Day' of day-after-day illegal and looting empire is an 'Emperor’s New Clothes' obvious story to anyone caring to not live in fiction."

"How It Really Is"

Greg Hunter, “Charles Ortel- Clinton Foundation $100 Billion Criminal Conspiracy, The Biggest Charity Fraud In History”

“Clinton Foundation $100 Billion Criminal Conspiracy, 
The Biggest Charity Fraud In History” 
By Greg Hunter’s

Financial expert Charles Ortel says “The Clinton Foundation is the biggest charity fraud in history.” Ortel, who does high powered research for top Wall Street investment firms, applied his skills to analyzing the Clinton Foundation and contends, “I feel one of the things that makes this country exceptional is the charitable spirit. Charity is a noble thing, particularly when you do it for no recompense. The Clintons are out there holding themselves out as if they are charitable philanthropists, and in reality I argue they are really Robin Hood in reverse.  They are stealing from the poor to reward the rich, and I find that reprehensible behavior.”

How much money has the Clinton Foundation raised globally? Ortel says it’s a “$100 billion criminal conspiracy” and goes on to say, “I think it is a disgrace. To put that number into perspective, depending on how you look at the Bernie Madoff Ponzi scheme, that was either $40 billion to $60 billion. This is $100 billion, and maybe more.”

How much Clinton Foundation money actually makes it to charitable causes? Ortel says, “It’s impossible to tell from the filings. You are supposed to tell from the filings, and it’s impossible to tell." One of the biggest expenses in the recent period in the Clinton Foundation is for pharmaceuticals for supposedly fighting HIV Aids. If this were a well-run charity, you would provide a detailed breakdown of what pharmaceuticals by type and at what price. There is none of that disclosure. You don’t know if that pharmaceutical number is completely made up or not. You have no way of telling, and the auditors have never done their work. This is why I say this is a text book case study in global charity fraud. It needs to be exposed as such.”

How did this so-called charity get so far off track? Ortel explains, “When you look at any foundation, and the Clinton Foundation in particular, you have to check and see what its authorized tax exempt purposes are. Because this entity raises money from the public continuously they have to be very specific. Their authorized tax exempt purpose, stated in their application dated 23 December 2007, was just supposed to be a Presidential archival research facility in Little Rock. They never have been authorized as far as I can tell from the public filings, they have never been authorized to fight HIV Aids, fight climate change, convene meetings in New York and set up these various initiatives. None of them has been validly authorized, which means they have been raising money with materially false and misleading public filings. They have been doing it using the mail, using the Internet and using telephones, all of which is a federal crime.”

Ortel says he will be publishing a new report on the Clinton Foundation in a few weeks. Ortel says he has published 40 reports on the Foundation so far. You can find his work free of charge on

"Join Greg Hunter as he goes One-on-One with Clinton Foundation investigator Charles Ortel."

"FBI Launches Probe Of 'Putin/Trump' DNC Cyber-Attack, But NOT Into The 'Biggest Charity Fraud' In History?"; A Comment

"FBI Launches Probe Of 'Putin/Trump' DNC Cyber-Attack,
 But NOT Into The 'Biggest Charity Fraud' In History?"
by Tyler Durden

"Following the release of greatly embarrassing emails that are forcing Hillary to lose control of the narrative, Politico reports, The Federal Bureau of Investigation has launched a probe into the hacking of the Democratic National Committee's emails. We are sure Director Comey will be closely watching and AG Lynch will once again take his word as gospel as somehow, we suspect, a narrative of Trump-Putin partnership will be created (or at the very least questions raised).

"The FBI is investigating a cyber intrusion involving the DNC and are working to determine the nature and scope of the matter," the agency said in a statement. "A compromise of this nature is something we take very seriously, and the FBI will continue to investigate and hold accountable those who pose a threat in cyberspace."

The Trump/Putin narrative has begun (via The Observer): "It turns out there’s hardly any mystery there. It’s no secret that the DNC was recently subject to a major hack, one which independent cybersecurity experts easily assessed as being the work of Russian intelligence through previously known cut-outs. One of them, called COZY BEAR or APT 29, has used spear-phishing to gain illegal access to many private networks in the West, as well as the White House, the State Department, and the Joint Chiefs of Staff last year. Another hacking group involved in the attack on the DNC, called FANCY BEAR or APT 28, is a well-known Russian front, as I’ve previously profiled. These bears didn’t make much efforts to hide their DNC hack- in one case leaving behind a Russian name in Cyrillic as a signature- and Kremlin attribution has been confirmed by independent analysis by a second cybersecurity firm.

The answer then is simple: Russian hackers working for the Kremlin cyber-pilfered the DNC then passed the purloined data, including thousands of unflattering emails, to Wikileaks, which has shown them to the world. This, of course, means that Wikileaks is doing Moscow’s bidding and has placed itself in bed with Vladimir Putin. In response to the data-dump, the DNC has said as much and the Clinton campaign has endorsed the view that Moscow prefers Donald Trump in this election, and it’s using Wikileaks to harm Hillary. This view, considered bizarre by most people as late as last week, is being taken seriously by the White House- as it should be."

But, as AP reports, Donald Trump on Monday dismissed as a "joke" claims by Hillary Clinton's campaign that Russia is trying to help Trump by leaking thousands of emails from the Democratic National Committee. "Clinton campaign chairman John Podesta added fuel to the debate Monday, saying there was "a kind of bromance going on" between Russian President Vladimir Putin and Trump. The Clinton campaign says Russia favors Trump's views, especially on NATO. "The new joke in town is that Russia leaked the disastrous DNC e-mails, which should have never been written (stupid), because Putin likes me," Trump wrote as part of a series of Tweets. "Hillary was involved in the e-mail scandal because she is the only one with judgement (sic) so bad that such a thing could have happened."

Director of National Intelligence James Clapper has said U.S. officials have seen indications of foreign hackers spying on the presidential candidates, and that they expect more cyberthreats against the campaigns."

Clinton's campaign stood firmly behind their claims of Russian involvement Monday. "There is a consensus among experts that it is indeed Russia that is behind this hack of the DNC," Clinton campaign spokesman Brian Fallon told CNN. On Sunday, Clinton campaign manager Robby Mook said that it was "concerning last week that Donald Trump changed the Republican platform to become what some experts would regard as pro-Russian." (See the misdirection?- CP)

Trump's senior policy adviser Paul Manafort called statements by the Clinton campaign "pretty desperate."
A comment: How very amusing to watch the rats scurrying around so desperately on their sinking ship! No mention that "Wikileaks has thrown an ugly wrench into Hillary’s coronation. DNC emails reveal a Clinton campaign that’s shady and dishonest, not to mention corrupt. Its secret dealings with Hillary’s opponents- whether Bernie Sanders or Donald Trump- have been distasteful and possibly illegal. To say this is an unflattering portrayal of Team Clinton is like saying the Titanic had issues with ice." No attempt to deny the factual authenticity of the contents of those emails, revealing all the dirty laundry, written by themselves! How could they possibly deny it? No mention of the collusion, nay, conspiracy, with their cheaply bought and sold money-whores in the press and main stream media! Instead here comes the big misdirection from these vilest of hypocrites, full of phony self-righteous wringing of hands and gnashing of teeth, covered in aggrieved sackcloth and ashes- "Oh, those horrid Russians! How dare they interfere in our sacred political process!" The old 'blame the messenger' routine, never mind what we really did, right? They're hoping and praying you get distracted by the (Oh-so-scary! We are SO violated! Be afraid, be outraged, but at them, not us!) "Russian menace" that you ignore the obvious and proven: “DNC Emails Don’t ‘Suggest’ Conspiracy Against Sanders, They PROVE It”, and that “The Democrat's Nomination Process Was A Corrupt, Rigged Lie" from the very beginning. Since you asked, I absolutely agree with this, too: "Finally, there must be a do-over, and it must be at the DNC’s expense. There is no precedent for this, of course, but Hillary Clinton can no longer be considered a democratically elected candidate, so her presumptive nominee position must be terminated and a new election called."

But be assured, Good Citizen Voter, our brave and intrepid FBI is on the case! Doesn't that comfort you, in light of recent events? Of course, while spewing righteous indignation about Russians they'll discreetly avoid any mention, let alone investigation, of the herd of elephants in the room, the "greatest charity fraud in history", the Clinton Foundation's sewer of corruption, since so very many rich and powerful people in government, industry and the financial sectors are themselves directly involved, and we wouldn't want to inconvenience any of them with truth now, would we? Truth they don't dare let YOU know, anyway... - CP
Watch it for yourself, and you decide:
"Clinton Cash"

Sunday, July 24, 2016

The Economy: "Derivatives Contracts "Not worth the paper they're written on" as Struggling Deutsche Bank Closes Nearly 200 Branches"

"Derivatives Contracts "Not worth the paper they're written on"
 as Struggling Deutsche Bank Closes Nearly 200 Branches"
by NewsRoom

"Germany's economy is on the brink of collapse as its largest bank shutters 25% of its branches. Deutsche Bank will close 188 branches across Germany in the coming months, with 51 of them in the North Rhine-Westphalia region. The lender has been forced to implement dramatic austerity measures after share prices plummeted by a staggering 48 per cent, marking an all-time low. It has also pulled out of 10 foreign markets, including Russia and Australia, and is poised to cut around 3,000 full-time jobs.

Earlier this year Wolfgang Schaeuble, Germany's Finance Minister, claimed he had "no concerns" about Deutsche Bank's plunging share prices. And co-CEO John Cryan insisted: "Deutsche Bank remains absolutely rock-solid, given our strong capital and risk position."

But financial expert Max Keiser has poured cold water on their claims, saying the bank is "technically insolvent" and runs a "ponzi scheme". Speaking on Russia Today's Keiser Report, he added: "The bank needs to go out of business, because they are not solvent. But politicians, including Schaeuble, allow for financial engineering products to come onto the market that mask insolvency. It's dead, it's insolvent, the bank is dead... This is a dead bank walking." That means the trillions of dollars in Derivatives Contracts sold by the bank, are not worth the paper they're written on! ($50-72 trillion by various reports. And who, precisely, are those trillions contracted with? - CP)

Before last month's historic vote to quit the EU, some experts feared Brexit would spark financial chaos for Germany's largest banks. Felix Hufeld, the head of Germany's financial watchdog Bafin, said he was worried about the possible impact in the event of a Leave vote. He said: "If Britain does not remain, the biggest banks would have the biggest problems. They have the most activities in and with London."

"If Deutsche Bank Goes Under It Will be Lehman TIMES FIVE!"
"Don't bet your money that Deutsche Bank will go down, but if it does, the next day its going to be Citi, Barclays, HSBC, Morgan Stanley, Soc Gen, and big threats to JP Morgan and Goldman Sachs!" 

"Deutsche Bank Scares You? You MUST Read This!"

Musical Interlude: Moody Blues, “The Voice”

Moody Blues, “The Voice”

Musical Interlude: Deuter, “Black Velvet Flirt”

Deuter, “Black Velvet Flirt”

"A Look to the Heavens"

“This intriguing trio of galaxies is sometimes called the Draco Group, located in the northern constellation of (you guessed it) Draco. From left to right are edge-on spiral NGC 5981, elliptical galaxy NGC 5982, and face-on spiral NGC 5985- all within this single telescopic field of view spanning a little more than half the width of the full moon. While the group is far too small to be a galaxy cluster and has not been catalogued as a compact group, these galaxies all do lie roughly 100 million light-years from planet Earth. 
 Click image for larger size.
On close examination with spectrographs, the bright core of the striking face-on spiral NGC 5985 shows prominent emission in specific wavelengths of light, prompting astronomers to classify it as a Seyfert, a type of active galaxy. Not as well known as other tight groupings of galaxies, the contrast in visual appearance makes this triplet an attractive subject for astrophotographers. This impressively deep exposure hints at faint, sharp-edged shells surrounding elliptical NGC 5982, evidence of past galactic mergers. It also reveals many even more distant background galaxies.”

Chet Raymo, “Retirement”

by Chet Raymo

    "Farewell, thou busy world! And may
    We never meet again!
    Here I can eat and sleep and pray,
    And do more good in one short day
    Than he who his whole age outwears
    Upon the most conspicuous theatres,
    Where naught but vanity and vice do reign."

"The first verse from a poem called "The Retirement" by Charles Cotton (1630-1687), a friend of Izaak Walton, about his private fishing retreat on the river Dove. The poem was incorporated into Walton's "The Compleat Angler." And what do I make of it, now, in retirement? All these hours on hand to eat, sleep and pray all I want? "Good God! How sweet are all things here!" enthuses Cotton, "How beautiful the fields appear!...How happy here's our leisure!...How innocent our pleasure!" Yes? No?

As I've mentioned, I've been rummaging lately in the junk room upstairs, which has been accumulating the intellectual detritus of my life for 50 years. It seems from the accumulated evidence that I always had sufficient hours on hand to eat, sleep and pray, if by prayer one means paying attention. I have mixed feelings about retirement. On the one hand I have all these hours of the day to use as I want, to read and walk and meditate. On the other hand, I miss the stimulation of the unending buzz. It is clear as I rummage through the upstairs archive that I got more done that was spiritually and intellectually rewarding while juggling what in effect were three full-time jobs than I do now without a care in the world.
    "How calm and quiet a delight
    Is it, alone
    To read and meditate and write,
    By none offended and offending none!
    To walk, ride, sit, or sleep at one's own ease;
    And, pleasing a man's self, none other to displease."

And yet, and yet. Where is the rush and dither of creativity, the frenzy of fantasy and foolishness, the clash and clamor of happenstance? Here I sit now, on the rocking-chair porch of life, with no one but myself to please, grateful for those of you who stop by to visit these increasingly self-indulgent ramblings. Nudge me. Keep me awake. I feel a nap coming on.”

Bertrand Russell, "Three Passions"

"Three Passions" 

 "Three passions have governed my life:
The longings for love, the search for knowledge,
And unbearable pity for the suffering of humankind.
Love brings ecstasy and relieves loneliness.
In the union of love I have seen
In a mystic miniature the prefiguring vision
Of the heavens that saints and poets have imagined.
With equal passion I have sought knowledge.
I have wished to understand the hearts of people.
I have wished to know why the stars shine.
Love and knowledge led upwards to the heavens,
But always pity brought me back to earth;
Cries of pain reverberated in my heart,
Of children in famine, of victims tortured,
And of old people left helpless.
I long to alleviate the evil, but I cannot,
And I too suffer.
This has been my life; I found it worth living."

- Bertrand Russell

"Three Things..."

"To live in this world, you must be able to do three things: 
to love what is mortal; 
to hold it against your bones knowing your own life depends on it; 
and, when the time comes to let it go, to let it go."
-  Mary Oliver

"If Politicians Were Klingons..."

If Politicians Were Klingons...
I'd guess more than a few folks are feeling like this right now...
- CP

The Daily "Near You?"

Kelowna, British Columbia, Canada. Thanks for stopping by!

“DNC Emails Don’t ‘Suggest’ Conspiracy Against Sanders, They PROVE It”

“DNC Emails Don’t ‘Suggest’ Conspiracy Against Sanders, They PROVE It”
by Caitlin Johnstone

"Reddit user noSine summed it up perfectly in a top post on the subreddit SandersForPresident today: “I’ve been seeing the word ‘suggest’ in headlines on US media including NYT, ABC News, Newsmax etc. This leaves the emails open to interpretation – they aren’t. They quite clearly showed a large degree of contempt and bias on the part of the D.N.C., and this still hasn’t been fully acknowledged by a lot of mainstream media.” This is absolutely true. It would take up all this article’s space to list all the media outlets sporting headlines about the emails containing the ambiguous words “suggests” and “appears to,” but here are a few of them:

From the New York Times, “Released Emails Suggest the D.N.C. Derided the Sanders Campaign.” Excuse me? “Suggest” the DNC derided Sanders’ campaign? It is quite clear from the NYT‘s own article that this is precisely what happened, from DNC communications official Mark Paustenbach calling Sanders’ campaign “a mess,” to the notorious Debbie Wasserman-Schultz saying Sanders “isn’t going to be president” (something that was unknowable at that time), it is indisputably obvious that the said derision was in fact happening, but the Times opted to paint a nebulous “maybe they did, maybe they didn’t” picture with its headline.

From the Huffington Post, "Leaked Emails Suggest DNC Was Conspiring Against Bernie Sanders." No, the emails do not “suggest” such a conspiracy was happening, they blatantly and unequivocally show DNC officials doing what can only be called conspiring, and the content of the author’s own article shows clearly that there was no reason for her to use such a deceptively equivocal title. The article quotes Paustenbach suggesting an anti-Bernie narrative they could spin in which the senator “never had his act together,” as well as quoting chief financial officer Brad Marshall suggesting ways in which Sanders’ religious beliefs could be manipulated to cast him in a negative light to the public. It also contains a link to a Heavy article with links to many more examples of DNC officials scheming and slandering against Sanders via email, consistently referring to themselves and the Hillary campaign as “we” while referring to Sanders in the second person.

This is important not just in the interest of unbiased journalistic integrity, but more importantly because these same leaked emails also reveal why media outlets would be so keen on biasing their content in order to stay on the DNC’s good side.

Some particularly chilling emails in the WikiLeaks archive reveal an ominous conversation between Wasserman-Schultz and NBC News political director Chuck Todd*, in which the DNC chair authoritatively told him that the negative coverage of her by Morning Joe‘s Mika Brzezinski “must stop,” that Brzezinski’s unfavorable statements about the DNC chair are “the LAST straw,” and that she “needs to apologize.” In other words, the head of the DNC called upon the boss of one of the only pundits on mainstream media to ever dare to openly criticize the DNC’s bias and instructed him to make her stop.

That’s right. Just a casual conversation between the media and a powerful political organization about censoring the news. If you’re still wondering if this should freak you out, the answer is yes.

As if that wasn’t bad enough, the emails also show a correspondence between Politico reporter Kenneth Vogel in which the writer sent an article to DNC officials in late April for their approval, before his own editors even read it. Just to be clear, it is not standard practice for journalists to get the authorization of the politicians they’re writing about before publishing. The subject line of the emails reads “per agreement… any thoughts appreciated.” What was that agreement and how many more like it exist? Who knows.

If it wasn’t already obvious to everyone that American politicians have the news media wrapped around their fingers, it should be now. The fact that the evidence of this is still being obfuscated by that same news media by deliberate understatement and ambiguity is just more icing on the cake."
*"Leaked Emails Show DNC Chair Told Chuck Todd Negative Coverage ‘Must Stop’"

"The Democrat's Nomination Process Was A Corrupt, Rigged Lie"

"The DNC Will Die Immediately Unless It Apologizes-
The Democrat's Nomination Process Was A Corrupt, Rigged Lie"
by Caitlin Johnstone

"The jaw-dropping emails leaked from the DNC showing blatant, relentless, and unmitigated collusion against one of their two candidates in the nomination process have left America stunned. This is unprecedented. It is now clear the Democrat’s nomination process was a sham. A show. There was no attempt at an impartial or even-handed voting process. The emails show a clear collusion in the party to conspire against one candidate Bernie Sanders in favor of Hillary Clinton, with a deliberate plan of attack. We are in unchartered territory. Americans rightly assume that the nomination election is always a democratic election, and these emails show clearly that that was not the case.

What must happen next? Well, first, there must be an apology, and quickly. A full admission of guilt must be forthcoming immediately. As much distance as possible be immediately made between the party and the conspirators if the DNC is to survive this in any sort of form. This has been a devastating blow to the DNC; they must make sure it’s not a fatal one.

Structurally, Debbie Wasserman-Schultz must step down as chair. The following is according to the DNC Charter and Bylaws: “Article 5, Section 4 of the charter and bylaws of the Democratic Party requires the DNC chair to remain impartial during the primary process. […] In the conduct and management of the affairs and procedures of the Democratic National Committee, particularly as they apply to the preparation and conduct of the Presidential nomination process, the Chairperson shall exercise impartiality and evenhandedness as between the Presidential candidates and campaigns.”

Debbie Wasserman-Schultz’s actions were repeatedly in clear defiance of the Charter. She did not abide by them. She is unfit to serve as chair. This must be done swiftly and without mitigation. If the DNC is to survive this without bleeding out altogether, they must distance themselves immediately from all persons implicated. If they are to regain the trust of the American people as a party committed to democracy, they must immediately sack all involved and issue a statement that shows they do not condone such behavior and strongly enforces their commitment to the democratic process.

Anyone junior who was implicated in these emails must receive stern warnings, so that this corrupt culture doesn’t continue to spread throughout the party. It must be made clear that democracy is not something you can fiddle with for fun or profit.

All journalists who have been colluding with the DNC to create “news” articles that swayed public opinion in Hillary’s favor must apologize immediately and face suspension or even termination. The fourth estate should always at all times maintain its objectivity and political impartiality. It is not and never should be the publicity arm of any political party or faction.

There must be a do-over. Even without the ruling on the Trust Vote lawsuit that shows widespread election fraud and voter suppression during the Democratic nomination cycle and proves that Bernie Sanders, in fact, won the public vote. Even without that evidence, these emails are more than enough to show that the process was not “impartial” or “evenhanded” so by the very rules of the DNC, it was not a legal nomination process.

All monies taken from Bernie Sander’s supporters in this blatantly rigged sham of a nomination “contest” must be returned to the supporters at the DNC’s expense. It is only right that the DNC pay back the Bernie Sanders supporters for monies for a candidate who they internally considered to be a non-candidate. If the DNC wishes to distance itself from this disaster and rebuild trust in its party, they must return these monies.

Finally, there must be a do-over, and it must be at the DNC’s expense. There is no precedent for this, of course, but Hillary Clinton can no longer be considered a democratically elected candidate, so her presumptive nominee position must be terminated and a new election called.

If the DNC doesn’t take these necessary steps to distance itself completely from this outrageous and blatant corruption, it will lose this election and fall out of the American consciousness as a viable liberal democratic alternative, and another progressive party will rise up to take its place. They must stop this sickness in its tracks now, loudly and publicly, before this kills the party off for good."

"Search the DNC Email Database"

"Search the DNC Email Database"
by WikiLeaks

"On Friday 22 July 2016 at 10:30am EDT, WikiLeaks released 19,252 emails and 8,034 attachments from the top of the US Democratic National Committee- part one of our new Hillary Leaks series. The leaks come from the accounts of seven key figures in the DNC: Communications Director Luis Miranda (10770 emails), National Finance Director Jordon Kaplan (3797 emails), Finance Chief of Staff Scott Comer (3095 emails), Finanace Director of Data & Strategic Initiatives Daniel Parrish (1472 emails), Finance Director Allen Zachary (1611 emails), Senior Advisor Andrew Wright (938 emails) and Northern California Finance Director Robert (Erik) Stowe (751 emails). The emails cover the period from January last year until 25 May this year."

"We Americans..."

“We Americans are not usually thought to be a submissive people, but of course we are. Why else would we allow our country to be destroyed?  Why else would we be rewarding its destroyers? Why else would we all- by proxies we have given to greedy corporations and corrupt politicians- be participating in its destruction? Most of us are still too sane to piss in our own cistern, but we allow others to do so and we reward them for it. We reward them so well, in fact, that those who piss in our cistern are wealthier than the rest of us. How do we submit? By not being radical enough. Or by not being thorough enough, which is the same thing.”
- Wendell Berry

"How It Really Is"

"Clinton Cash" Documentary FREE Online

"'Clinton Cash', is a feature documentary based on the Peter Schweizer book that the New York Times hailed as “The most anticipated and feared book of a presidential cycle.” 'Clinton Cash' investigates how Bill and Hillary Clinton went from being “dead broke” after leaving the White House to amassing a net worth of over $150 million, with over $2 billion in donations to their foundation. This wealth was accumulated during Mrs. Clinton’s tenure as US Secretary of State through lucrative speaking fees and contracts paid for by foreign companies and Clinton Foundation donors."
"Clinton Cash" Official Movie Premiere, viewable for free here:
And on SUNDAY, JULY 24 at 8:00pm ET at this link.

"Well, Isn't That Special?"

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The Economy: The Mogambo Guru, “The Law of Cosmic Imperative”

“The Law of Cosmic Imperative”, Introduction
by Brian Maher

"The market survived Brexit. Can it survive “Crexit”? “Crexit”: a stampede for the exits if a crisis of confidence rattles the credit markets. And with nearly $12 trillion of bonds trading at negative yields, it shouldn’t take much of a shove. S&P Global Ratings reported this week global corporate debt could balloon to $75 trillion over the next 3.5 years- $24 trillion higher than today. China is expected to account for most of the credit growth, followed by the United States.

The source of all that debt? Central banks and all their easy money. It’s the kindling that could spark a wildfire. From the S&P report: "Central banks remain in thrall to the idea that credit-fueled growth is healthy for the global economy. In fact, our research highlights that monetary policy easing has thus far contributed to increased financial risk, with the growth of corporate borrowing far outpacing that of the global economy."

The reams of central bank credit may have stopped a cataclysm in 2008. But now it’s a net negative, according to a June report by Thornburg Investment Management. Echoing S&P: "ZIRP and QE may have been effective in limiting the depth of the recession in 2009, but on their own, they have clearly been ineffective in generating robust or sustained growth in the U.S., Europe or Japan. To the contrary, they now seem to be a drag on growth, given higher sovereign and corporate debt levels."

And it’s these Himalayan debt levels, much of it highly leveraged, that could spark the crisis. One sharp economic slowdown, one sudden spike in interest rates and presto- “Crexit.” In fact, S&P believes a correction in the credit markets is nothing short of inevitable: "Nearly half of corporate debt issuers are estimated to be highly leveraged, strongly suggesting that a correction in global credit markets is unavoidable. In fact, analysts believe that the credit correction began in late 2015 and will likely stretch through the next few years as defaults spike."

Defaults are already on the upswing. Global corporate bond defaults have topped 100 so far this year- up more than 50% since this time last year. A straw in the wind? Perhaps. The last time defaults were this high was 2009, the depths of the financial crisis. Many of the latest defaults are limited to the energy industry for now. But once the dominos start falling...

S&P hopes for a gradual, orderly unwind of the debt markets. “Hopes.” But a worst-case scenario “would be a series of major negative surprises sparking a crisis of confidence around the globe. These unforeseen events could quickly destabilize the market, pushing investors and lenders to exit riskier positions.”

Finally: “If mishandled, this could result in credit growth collapsing as it did during the global financial crisis.” Ah, but rest well. Everyone knows the Fed and the rest of the gang never mishandle a crisis... Below, The Mogambo Guru shows you why as bad as things seem, they can always get worse. Read on for a good laugh."

"The Law of Cosmic Imperative"
By The Mogambo Guru

"Where have I been? I admit I was cowering, like the spineless little weasel that I am, in the Mogambo Secret Temporary Bunker (MSTB), which I cleverly constructed in the living room using an overturned couch and some strategically-placed cushions. That’s where I got an email from Junior Mogambo Ranger (JMR) Phil S., who sent an interesting essay he ran across. It was concerned with what we both, as educated people who recoil in mortal horror at suicidal Keynesian econometric lunacy, are both deeply, deeply concerned.

Namely, the incomprehensibly impossible conditions in the world economy, completely saturated, as we are, with massive, unpayable burdens of backbreaking debt, and now terrifyingly teetering, teetering, teetering on the very, very verge of complete cataclysmic collapse, which is not to mention the sudden-yet-stupid appearance of completely gratuitous alliteration.

Bad times, indeed.

In summation, the author dryly noted that “conventional and unconventional policy tools aren't working.” My Initial Arrogant Mogambo Reaction (IAMR), of course, is to reflexively snort in dismissive derision (“Ha!”) and predictably rise in loud, self-righteous rebuttal to say “Hey! You! Hold it right there! Policy tools of creating massive amounts of debt and the accompanying ballooning of the money supply aren’t working to goose the economy as they used to, alright, but in reality, they are working exactly as they always work: At first they can, and then they can’t! Because that’s the way it works! Hahahaha!”

I generously waited a moment for that superb Mogambo profundity to sink in, thus allowing time for journalists to eagerly jot down the delicious bon mot. Disappointingly noting neither, I disdainfully thought to myself “Pearls before swine! Morons! I hate you! I hate you all!”

Fortunately, I controlled myself and my fearsome Mogambo Fists Of Rage (MFOR) long enough to continue “It’s a law! It must be an economic law of some kind, emanating from some unseen order permeating space and time! A cosmic imperative! The Force is with us!”

I dare say this with some real authority because I actually know for a fact that this same thing, and I am talking Same Exact Damned Thing (SEDT), has happened thousands of times in the last 2,500 years here on Earth: A dirtbag government allows stupidity as concerns debt and the money supply, everything bankrupts itself, things collapse, everybody suffers, hordes of invaders sweep in, and then it starts all over again from nothing, an economy eventually rising from the ashes by turning the ruins into tourist attractions selling T-shirts and tasty food.

And in case you are as curious as most Earthling carbon-units, this SEDT has happened TRILLIONS of other times on countless other planets, too. And in just this one, lousy quadrant of the galaxy! In fact, innumerable intergalactic research papers have shown that, invariably, some dirtbag, low-IQ creatures living on some dirtbag, low-IQ planet decided “Hey! We should stop wallowing in slime on the bottom of the ocean, where everyone evolved with fins and a developed brain is always pooping on us from above! We need a fiat currency! That way, we can expand the money supply and buy an expanding, eternal prosperity for ourselves! Then we can evolve into higher-order beings, perhaps intelligent enough to understand that we can’t, in reality, do this kind of foolish fiat-money crap without paying a terrible price, and we should stop now before it’s too late. But we won’t! Whee!”

And they don’t. Like I said, trillions of times. “So, relax,” I keep telling myself. “There is still much malignant magic in a fiat currency, bubble, bubble, toil and trouble! Much more than is dreamt of in your nightmares, my dear Horatio!” Uh-oh! Alert Junior Mogambo Rangers (JMRs) instantly recognize that my bizarrely lapsing into a mishmash of misremembered Shakespearean soliloquies is always a bad sign, portending (dare I say it?) trouble ahead.

Then again, perhaps the hard, bitter lessons of marriage, children, stupid neighbors, crappy careers going nowhere but down, and bizarre Keynesian monetary policy portending bankruptcy and ruination have taught me, pausing for a little self-pity, that there is ALWAYS trouble ahead, and everything crappy can always get a lot MORE crappy. And usually does, too!

And, for me, it’s usually because I don’t have the money to buy myself out of another crappy mess by establishing making restitution, or establishing a fake alibi, or framing somebody else, or bribing lawyers, or intimidating witnesses, or faking my own death to start over with a new life in some tropical paradise driving a snazzy convertible with fancy hubcaps and a great sound system.

But- unlike real life!- the evil Federal Reserve can happily create as much money as it wants! Anytime it wants! And so can all the other central banks of the world, too! And (hold onto your hat!) they are! In fact (still holding onto your hat), according to something I read, I forget where, for at least the last 6 weeks, an incredible $1.5 trillion dollars in new credit was created worldwide! Every week! Every Freaking Week (EFW)!! And here in the USA, hundreds of billions of dollars are continually springing into being, overnight!

And the Federal Reserve has, believe it or not, given itself the power to create the money to buy financial assets for itself, thus reducing the supply of assets in the market, while at the same time increasing the supply of money looking for assets to buy! More demand and less supply means higher prices! With the awesome, towering power of buying unlimited assets with unlimited money the Fed creates for itself, you can be sure that nothing bad will permanently happen to the banks, the stock market, the bond market, the housing market, the auto loan market, the student loan market, the derivative market or government deficit-spending or anything else, because if they don’t, it’s “Game Over, Player One.”

Oh, sure, the Fed will let markets sink and rise, up and down, around and around, probably dramatically, so as to allow the sleazy banks and the ethically-bankrupt financial sector to profit from manipulating the markets and transferring investor money to themselves. Just like always. No problem. They’ve been doing it for years.

This fixes to assets markets. But what about the real commercial economy? You and me, and kids and spouse who never seem to shut the hell up about wanting things?

Well, it comes down to somehow getting a lot of new, free cash and credit into the hands of people who will spend it (especially by borrowing against future infusions of cash!), thereby goosing (honk!) consumer spending, goosing (honk! honk!) the economy and further goosing (honk! honk! honk!) prices in all the markets.

Ergo, putting on my Mogambo Memory Cap (MMC) and turning the power up to maximum, I begin to remember, remember, remember like it was yesterday, perhaps in that classic book "Economica Mogambo," that I have theorized that a 50% tax cut is just what the doctor ordered, and easily administered: At the bottom of your tax return, divide by 2. Send that, and keep the rest. “After all,” I added, “the total of personal and business federal tax paid is less than a few lousy trillions of dollars, while the government has been increasing the national debt by almost a trillion dollars a year for almost a decade! A Whole Freaking Decade (WFD)!”

So, waxing philosophic, what’s another trillion and a half of new government debt to cover the now-missing tax receipts? And, with a snotty air of contempt on my lips, I know that with their simplistic Keynesian mathematical mumbo-jumbo, the Fed will show that the multiplier of new money entering the economy (which was usually about 4) will increase to at least 6 because the lack of taxes on each new dollar no longer gradually erodes its buying power as it passes from hand to hand, giving the economy a sudden increase of a mind-boggling $9 trillion in new buying power!

And with a ludicrously out-of-control fractional-reserve banking (where reserves held against loans) are almost non-existent, we are suddenly talking over a (gulp!) quadrillion potential dollars, just from the Federal Reserve! Which is not to mention all the other desperate governments and central banks around the world who would LOVE to do this crap!

So why am I saying this again now? Because Ben Bernanke, disgraceful former chairman of the Federal Reserve, has, so the rumor holds, visited the government of bankrupt and massively over-indebted Japan to explain why his previous advice to drown in massive amounts of debt didn’t work, and now to advise them to literally give people money.

Unfortunately, it will end, years from now, in disaster when the skyrocketing cost of food and energy (“death by price inflation”) caused by this insane mega-expansion of the money supply makes people grumpy and things grind to a halt. And gold and silver prices? To the moon, baby! Talk about your cosmic imperatives! With such certainty, what can one say except “Whee! This investing stuff is easy!”
Richard Daughty (Mogambo Guru) is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the writer/publisher of the Mogambo Guru economic newsletter.

"The Importance Of Asking Good Questions"

"The Importance Of Asking Good Questions"

"Remember that your goal is to find the best answer;
 not to give the best one you have."
- Ray Dalio

"About 3 months ago I decluttered. Not the horrible kitchen cupboard which has everything from screw drivers to toothpicks, sea shells, and a hairbrush the dog chewed. I decluttered mentally. For the uninitiated or curious, you can read the background here. The results so far have shocked me. My productivity has quite literally blown through the roof. How? For a start. Focus! When I shared "Wild" with you I was very focused. And so, as part of creating better habits, I'm disengaging with people who waste my time and I strongly recommend it. It's been blissfully liberating.

In a world littered with information, it’s imperative to be discerning. You can't cover everything, nor should you try. Time is the one thing you're never getting back unless Elon Musk invents a time machine. But given his disastrous mess with Tesla and Solar City I'm not hanging around waiting. Let's run through typical things which happen every day in business but are a complete and utter waste of time. You may recognize them.

So, how do people waste your time? Here I'm talking almost exclusively about business-related interactions, though they can certainly apply to social communications.

Workmates forwarding you that article about Kim Kardashian snogging a donkey or some equally stupid and pointless event. Pure distraction porn. Or sending you emails which have no meaningful outcome attached to them but on the face of it fall into the theme of work. I can honestly say that over 80% of the business emails you're getting are likely a complete waste of time.

It gets worse. You get sent an email that the sender, in their misguided, knee-jerk, reactionary multi tasking and thoughtless mind, sent you and you reply, copying someone else and now 3 people or more are involved. Remember: the original topic is ultimately valueless. Then the questions start flying to identify if there is an outcome and who, if anyone, should do anything.

This goes back and forth a few times and more people get dragged into the fray before another email which is deemed more important arrives in your inbox. You begin to ignore the first email thread (still going but running out of steam) but annoyingly, because it remains unresolved, it is still seeking your attention. In your gut you know it's going nowhere but you keep engaged, partly due to the fact that you need to spend more than a few minutes to determine why it's been sent to you and how it fits into your outcome.

And then there is a part which is due to social etiquette. It gets left in your inbox- in that no man's land where it's neither dead nor alive but importantly there is never any outcome because it should never have been sent in the first place. But along its journey, it managed to chew up a good 10 to 20 minutes or more of your time and 10 to 20 minutes of 3 other people, amounting to a collective 30 minutes to an hour of wasted time. This happens dozens of times a day every single day. It amounts to a colossal and exhausting waste of time. Here's how to deal with them. 

Screw social etiquette. Tell the person kindly but firmly to please think about what they're sending you before hitting send. Explain why it's offensive (wasting your time) and if they persist, block them from future engagement. Your life is at risk, quite literally. Don't be shy about this. I mean it. You have no idea how much they are suffocating you until you rid yourself of them. Fail to kill this and you risk getting dragged into doing the same thing yourself. It's like a digital water cooler where all the laziest and stupidest people in the office linger, munching on potato chips and Mars bars.

I guarantee you that you're cementing your life into one of mediocrity and leading to a retirement blessed with cat food and bad hips because, of course there isn't going to be any government pensions to pay for them; something you'd know and understand, had you been forwarding useful articles like those on Capitalist Exploits and of course you'd have done something about, instead of forwarding pointless pictures of obese people in mankinis.

The reason people mindlessly forward information around like hyperactive 5-year olds is because they fail to think for themselves. It’s sheer laziness and should be punished harshly for the massive waste of time that it brings down on everyone that is unfortunate enough to be on the receiving end of it. I vote for the digital death penalty and I've instituted it myself already. In all seriousness, you have no idea how much they are suffocating you until you rid yourself of them. If you’re one of those people who does this. Here is a cure.

Ask Better Questions: With every single email sent, article forwarded, or text message sent, make sure you know what is being stated cold. Ask yourself what the value to the receiving party is. Think not only about the message being sent but what the receiving party will think of it and what the next step to the interaction is. Is there an outcome? Is that outcome realistic? Is that outcome achievable and is it in line with what you're working on?

If you can't think through the entire process then you've not given due consideration to the person whose time you're about to encroach on and you should be beaten with a stick. Do this and you'll find that your speed and quality of decision making will be greatly enhanced. And because it takes time to think through these processes you'll be far more discerning about how you spend your time in future.

One of the reasons people forward useless information around is because they are multi tasking - checking their Twitter feed, writing a report, and clicking on every email that pops up on their screen. Multi tasking is bullshit. At its core is a failure to concentrate and in order to concentrate we need to slow down, engage and be deliberate, thoughtful, and logical.

So when you’re tempted to engage in today's default of rapid fire, shoot first, think later trigger responses and forward a workmate some article, which on the face of it seems harmless but upon reflection provides zero benefit to either you or your workmate, realize that you’re destroying value. You’re actively pushing two parties further and further away from making productive decisions.

And so in conclusion. Think hard about it and then share this email with anyone that could use it and let me know your thoughts in the comments section below. I'm not alone on this, am I?”

Saturday, July 23, 2016

Musical Interlude: The Moody Blues, “Your Wildest Dreams”

The Moody Blues, “Your Wildest Dreams”

“Good as Goldman: Hillary and Wall Street”

“Good as Goldman: Hillary and Wall Street”
by Jeffrey St. Clair

“Nothing seems to rattle Hillary Clinton quite so much as pointed questions about her personal finances. How much she’s made. How she made it. Where it all came from. From her miraculous adventures in the cattle futures market to the Whitewater real estate scam, many of the most venal Clinton scandals down the decades have involved Hillary’s financial entanglements and the serpentine measures she has taken to conceal them from public scrutiny.

Hillary is both driven to acquire money and emits a faint whiff of guilt about having hoarded so much of it. One might be tempted to ascribe her squeamishness about wealth to her rigid Methodism, but her friends say that Hillary’s covetousness derives from a deep obsession with feeling secure, which makes a kind of sense given Bill’s free-wheeling proclivities. She’s not, after all, a child of the Depression, but a baby boomer. Hillary was raised in comfortable circumstances in the Chicago suburbs and, unlike her husband, has never in her life felt the sting of want.

Mrs. Clinton’s stubborn refusal to disclose the text of her three speeches to Goldman Sachs executives in the fall of 2013 fits this self-destructive pattern of greed and guilt. She was fortunate that Bernie Sanders proved too feeble a candidate to seize the advantage. Each time Sanders was asked to show a nexus between the $675,000 she was paid and any political favors to the financial vultures at Goldman, the senator froze, proving strangely incapable of driving a stake into the heart of her campaign.

A less paranoid politician would have simply released the tedious transcripts of the speeches on a Friday evening to bore insomniac readers to sleep. The real question, of course, was never about the content of the speeches, but about why Goldman was paying her $225,000 an hour to give them. Goldman executives weren’t huddling around Mrs. Clinton to listen to her recite the obscurantist mish-mash ghost-dictated by her top economic advisor Alan Blinder. Blinder, a well-known Wall Street commodity himself, is a former vice-chair of the Federal Reserve and co-founder of Promontory Interfinancial Network, a regulatory arbitrage outfit whose top executives pocket $30 million a year. Blinder has publicly assured his Wall Street pals that Clinton will not under any circumstances break up the big banks and neither will she seek to reanimate Glass-Steagall, the Depression-era regulatory measure whose exsanguination by her husband enabled the financial looting by firms like Goldman and Lehman Brothers that spurred the global economic collapse of 2008.

The lavish fee from Goldman for Hillary’s speeches was both a gratuity for past loyalty and a down payment on future services. Goldman’s ties to the Clintons date back at least to 1985, when Goldman executives began pumping money into the newly formed Democratic Leadership Council, a kind of proto-SuperPac for the advancement of neoliberalism. Behind its “third-way” politics smokescreen, the DLC was shaking down corporations and Wall Street financiers to fund the campaigns of business-friendly “New” Democrats such as Al Gore and Bill Clinton.

The DLC served as the political launching pad for the Clintons, boosting them out of the obscurity of the Arkansas dog-patch into the rarified orbit of the Georgetown cocktail circuit and the Wall Street money movers. By the time Bill rambled through his interminable keynote speech at the 1988 Democratic Convention in Atlanta, the Clintons’ Faustian pact with Goldman had already been inked, their political souls cleansed of any vestiges of the primitive southern populism Clinton had exploited so effortlessly during his first term as governor.

In 1991, the Clintons traveled to Manhattan, where they tested the waters for Bill’s then rather improbable presidential bid. At a dinner meeting with Goldman’s co-chair Robert Rubin, Clinton made his case as a more pliant political vessel than George H.W. Bush, who many of the younger Wall Street raiders had soured on. Rubin emerged from the dinner so impressed that he agreed to serve as one of the campaign’s top economic advisors. More crucially, Rubin soon began orchestrating a riptide of Wall Street money into Clinton’s campaign war chest, not only from Goldman but also from other banking and investment titans, such as Lehman Brothers and Citibank, who were eager to see the loosening of federal financial regulations. With Rubin priming the pump, Clinton’s campaign coffers soon dwarfed his rivals and enabled him to survive the sex scandals that detonated on the eve of the New Hampshire primary.

After his election, Clinton swiftly returned the favor checking off one item after another on Rubin’s wish list, often at the expense of the few morsels he’d tossed to the progressive base of the party. In a rare fit of pique, Clinton erupted during one meeting of his National Economic Council, which Rubin chaired, in the first fraught year of his presidency by yelling: “You mean my entire agenda has been turned over to the f*****g bond market?” Surely, Bill meant this as a rhetorical question.

When the time came to do the serious business of deregulating the financial sector, Rubin migrated from the shadows of the NEC to become Treasury Secretary, where he oversaw the implementation of NAFTA, the immiseration of the Mexican economy, imposed shock therapy on the struggling Russian economy, blocked the regulation of credit derivatives and gutted Glass-Steagall. When Rubin left the Treasury to cash in on his work at Citigroup, Clinton called him “the greatest secretary of the Treasury since Alexander Hamilton.” Nine years later, following the greatest upward transfer of wealth in history, the global economy was in ruins, with Clinton, Rubin and Goldman Sachs’ fingerprints all over the carnage.

In mid-May, Hillary announced her intention to make Bill the “economic czar” for her administration. This served to quell any anxiety that she might have been infected during the primary campaign by the Sanders virus. For Wall Street, the Clintons are still as good as Goldman. Quid pro quo.