CNBC: kid gloves for bankers, boxing gloves for bank critics
Interviews with Barofsky, Spitzer, and Krugman underscore the network’s capture
By Ryan Chittum
TAGS: Andrew Ross Sorkin, CNBC, Eliot Spitzer, Paul Krugman, Wall Street
We’re all for aggressively skeptical interviewing—I’ve often wished we could import Brits to do our presidential interviews, for instance. But it’s a problem when one group of people get interviewed adversarially and another group gets deferential treatment.
That contrast has been clear on CNBC in the last few weeks in a series of interviews with liberal bank critics Neil Barofsky, Paul Krugman, and Eliot Spitzer. The comparison to how the network has recently treated the bankers who actually created the financial crisis is striking.
Barofsky, the former special inspector general of the TARP, is one of a very few prominent government officials to take a sharply skeptical stance toward the big banks. He went on CNBC’s Squawk Box last week to talk his new book Bailout, which makes the case that the TARP bailouts staved off a complete financial collapse but failed to fulfill its mandate to spur lending and help homeowners. In other words, he says Treasury rescued and, importantly, re-empowered Wall Street, while “foaming the runway” for the banks with most everyone else (besides the car companies).
This shouldn’t be controversial or hard to understand, but then you have to actually listen to Barofsky’s argument instead of interrupting him when he tries to answer, as Steve Liesman repeteadly does.
At one point, when Barofsky criticizes “the general attitude, which was this level of deference to the banks. And it’s extended over the past two years to program after program… Again and again it was always from the perspective of Wall Street,” he might as well have been talking about CNBC instead of the Obama Treasury.
Here’s a clip of Becky Quick lecturing Barofsky that “Wall Street made good on its side of the bargain” on TARP because it paid back its megabailouts plus a bit of interest:
Click here to continue to the source post with lots of great videos
Thursday, August 30, 2012
Wednesday, August 29, 2012
#Solutions to our Status Quo problem offered free of charge - beyond #politics
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Solutions to our Status Quo problem offered free of charge
Solutions to our Status Quo problem offered free of charge
Will we Collapse by August 2013? --> Someone who knows
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Source link
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Former Clients familiar with the Economic Confidence Model have asked is this a rapidly advancing cycle as was the cast in 1989? The Answer to that question appears to be YES! There, we had the 1987 Crash on the half cycle followed by the collapse of Japan in 1989, and then the rise and fall of South East Asia as the US S&P 5oo bottomed precisely with the low of that wave in 1994. The accuracy was astonishing from the 1987 Crash right to the day, the peak in Japan 1989.95, and then the precise day of the low in 1994. This wave appears to be working in a very similar manner. This means August 7th, 2013 we must be very careful about next year. We will be looking at the global markets at the upcoming conferences around the world. So yes! This is a very serious development. We may not last until 2015.75 and that could be the complete economic meltdown.
The US Government is closing its Iron Curtain around everything. Not only are European banks throwing Americans out, HSBC will not deal with Americans in Asia, American Express will not issue any card to an American even working for a foreign company outside the USA. The Post Office will not allow you to mail any cash. European mutual funds are now refusing to accept American clients and US mutual funds are starting to retaliate refusing to accept Europeans. Even the Hedge funds are being put at risk from draconian US laws that any foreign entity who deals with an American, must report what that American is doing overseas or their own assets will be confiscated in the USA. This whole thing is going completely nuts. This is not freedom, justice for all, nor “capitalism” – it is authoritarianism! Any American who even lives overseas owes taxes to the USA because he was BORN American. There is no “fair share” because you used or even received anything. Americans have become economic slaved and everything they produce or own is subject to the whims of the government pleasure.
Everything possible is being done to confiscate wealth. This is rapidly causing the collapse in the VELOCITY of money and is spiraling the global economy into a dark crater. This is all to pay bondholders. Those who have been counting on HYPERINFLATION fail to realize that the bankers will not stand for that. They demand the world be shaken down to its roots. We are entering the age of Atlas Shrugged. Capital is contracting. Global investing is starting to collapse. We are headed into something far worse than the Protectionism of the Great Depression. This is how you destroy freedom and civilization. So while they keep the idiots focused on abortion and gay marriage as the ONLY important issues to waste their votes, your economic future is being destroyed. The youth are not getting married because they cannot afford it and may be only the gays will be left who want to marry at the end of the day. Unemployment among the youth is outrageous. It has exceeded 50% in Spain and this was the cause behind gangs roaming Philadelphia attacking random people on the street as well as in London. Unemployment among minority youth in the USA has exceeded 50%. By next year, it looks like HYPERINFLATION would have been a blessing. This is the worst of the worst.
Source link
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Former Clients familiar with the Economic Confidence Model have asked is this a rapidly advancing cycle as was the cast in 1989? The Answer to that question appears to be YES! There, we had the 1987 Crash on the half cycle followed by the collapse of Japan in 1989, and then the rise and fall of South East Asia as the US S&P 5oo bottomed precisely with the low of that wave in 1994. The accuracy was astonishing from the 1987 Crash right to the day, the peak in Japan 1989.95, and then the precise day of the low in 1994. This wave appears to be working in a very similar manner. This means August 7th, 2013 we must be very careful about next year. We will be looking at the global markets at the upcoming conferences around the world. So yes! This is a very serious development. We may not last until 2015.75 and that could be the complete economic meltdown.
The US Government is closing its Iron Curtain around everything. Not only are European banks throwing Americans out, HSBC will not deal with Americans in Asia, American Express will not issue any card to an American even working for a foreign company outside the USA. The Post Office will not allow you to mail any cash. European mutual funds are now refusing to accept American clients and US mutual funds are starting to retaliate refusing to accept Europeans. Even the Hedge funds are being put at risk from draconian US laws that any foreign entity who deals with an American, must report what that American is doing overseas or their own assets will be confiscated in the USA. This whole thing is going completely nuts. This is not freedom, justice for all, nor “capitalism” – it is authoritarianism! Any American who even lives overseas owes taxes to the USA because he was BORN American. There is no “fair share” because you used or even received anything. Americans have become economic slaved and everything they produce or own is subject to the whims of the government pleasure.
Everything possible is being done to confiscate wealth. This is rapidly causing the collapse in the VELOCITY of money and is spiraling the global economy into a dark crater. This is all to pay bondholders. Those who have been counting on HYPERINFLATION fail to realize that the bankers will not stand for that. They demand the world be shaken down to its roots. We are entering the age of Atlas Shrugged. Capital is contracting. Global investing is starting to collapse. We are headed into something far worse than the Protectionism of the Great Depression. This is how you destroy freedom and civilization. So while they keep the idiots focused on abortion and gay marriage as the ONLY important issues to waste their votes, your economic future is being destroyed. The youth are not getting married because they cannot afford it and may be only the gays will be left who want to marry at the end of the day. Unemployment among the youth is outrageous. It has exceeded 50% in Spain and this was the cause behind gangs roaming Philadelphia attacking random people on the street as well as in London. Unemployment among minority youth in the USA has exceeded 50%. By next year, it looks like HYPERINFLATION would have been a blessing. This is the worst of the worst.
Tuesday, August 28, 2012
$AUDJPY m5 stuck in this 23.6 - 61.8 range all day long
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Notice the bounce between the 23.6 & 61.8.. CCI bouncing off -200
I'm still "betting" lower
Click for larger image
Notice the bounce between the 23.6 & 61.8.. CCI bouncing off -200
I'm still "betting" lower
Click for larger image
Saturday, August 25, 2012
Friday, August 24, 2012
The bible speaks about the same #Annunaki that the #Sumerians do..
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The Sumerians wrote about the Annunaki
The bible calls them the children of Anak and the nephilim
Num 13:21 So they went up, and searched the land from the wilderness of Zin unto Rehob, as men come to Hamath.
Num 13:22 And they ascended by the south, and came unto Hebron; where Ahiman, Sheshai, and Talmai, the children of Anak, were. (Now Hebron was built seven years before Zoan in Egypt.)
Num 13:27 And they told him, and said, We came unto the land whither thou sentest us, and surely it floweth with milk and honey; and this is the fruit of it.
Num 13:28 Nevertheless the people be strong that dwell in the land, and the cities are walled, and very great: and moreover we saw the children of Anak there.
Num 13:31 But the men that went up with him said, We be not able to go up against the people; for they are stronger than we.
Num 13:32 And they brought up an evil report of the land which they had searched unto the children of Israel, saying, The land, through which we have gone to search it, is a land that eateth up the inhabitants thereof; and all the people that we saw in it are men of a great stature.
Num 13:33 And there we saw the giants, the sons of Anak, which come of the giants: and we were in our own sight as grasshoppers, and so we were in their sight.
CLASSIFIED BILL, HR 8791, UNCLASSIFIED.
"Congress shall now vote for approval of HR 8791, the Homeland Terrorism Preparedness Bill. Said bill request emergency response funding up to and including 1 TRILLION dollars to prepare for national level terrorist attack and/or attack from UNIDENTIFIED BEINGS. Funding for first responder personnel and vehicles will be doubled if said attack leads to more than 80% of national population being effected by UNIDENTIFIED BEINGS. This funding shall commence in conjunction to the first attack on THE UNITED STATES or the first large scale outbreak of VIRUS X depending on upon which comes first. Civillian and military units shall be trained in containment and combat of UNIDENTIFIED BEINGS including iratirated MUTANTS with possibility of VIRUS X BEING airborne, OR THE POSSIBILITY OF flesh eating, HOSTS and/or all the above. In such event as A DOMESTIC REVOLT ON US SOIL OR spewing/UNIDENTIFIED BEINGS escape or released or otherwise become uncontrollable, Air Force units may also be directed to combat said BEINGS due to their enormous size and other worldly strengths. Should event occur in urban areas, Jesus... That's DANGEROUS, far surpassing our darkest nightmares. Should casualties exceed 100,000,000 PEOPLE, body disposal actions should be holded and associated resources shall be reallocated through SEWAGE SYSTEMS underground FEMA-BASED protective birthing centers. A new bill of rights shall be drafted and approved by THE ELITE OF TEN. Having now reviewed the bill, I ask you to please cast your votes."
It sounds like FEAR PORN in its best!
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Giant Hominoids
Who were the Annunaki?
Giant hominoids, standing on average 8 foot tall and far heavier and more muscular than humans, visiting Earth from their home planet, termed the Planet of the Crossing by the ancient Summerians.
It seems obvious to me that the Sumerians and the bible are discussing the same "beings"..
Greg
The Sumerians wrote about the Annunaki
The bible calls them the children of Anak and the nephilim
Num 13:21 So they went up, and searched the land from the wilderness of Zin unto Rehob, as men come to Hamath.
Num 13:22 And they ascended by the south, and came unto Hebron; where Ahiman, Sheshai, and Talmai, the children of Anak, were. (Now Hebron was built seven years before Zoan in Egypt.)
Num 13:27 And they told him, and said, We came unto the land whither thou sentest us, and surely it floweth with milk and honey; and this is the fruit of it.
Num 13:28 Nevertheless the people be strong that dwell in the land, and the cities are walled, and very great: and moreover we saw the children of Anak there.
Num 13:31 But the men that went up with him said, We be not able to go up against the people; for they are stronger than we.
Num 13:32 And they brought up an evil report of the land which they had searched unto the children of Israel, saying, The land, through which we have gone to search it, is a land that eateth up the inhabitants thereof; and all the people that we saw in it are men of a great stature.
Num 13:33 And there we saw the giants, the sons of Anak, which come of the giants: and we were in our own sight as grasshoppers, and so we were in their sight.
CLASSIFIED BILL, HR 8791, UNCLASSIFIED.
"Congress shall now vote for approval of HR 8791, the Homeland Terrorism Preparedness Bill. Said bill request emergency response funding up to and including 1 TRILLION dollars to prepare for national level terrorist attack and/or attack from UNIDENTIFIED BEINGS. Funding for first responder personnel and vehicles will be doubled if said attack leads to more than 80% of national population being effected by UNIDENTIFIED BEINGS. This funding shall commence in conjunction to the first attack on THE UNITED STATES or the first large scale outbreak of VIRUS X depending on upon which comes first. Civillian and military units shall be trained in containment and combat of UNIDENTIFIED BEINGS including iratirated MUTANTS with possibility of VIRUS X BEING airborne, OR THE POSSIBILITY OF flesh eating, HOSTS and/or all the above. In such event as A DOMESTIC REVOLT ON US SOIL OR spewing/UNIDENTIFIED BEINGS escape or released or otherwise become uncontrollable, Air Force units may also be directed to combat said BEINGS due to their enormous size and other worldly strengths. Should event occur in urban areas, Jesus... That's DANGEROUS, far surpassing our darkest nightmares. Should casualties exceed 100,000,000 PEOPLE, body disposal actions should be holded and associated resources shall be reallocated through SEWAGE SYSTEMS underground FEMA-BASED protective birthing centers. A new bill of rights shall be drafted and approved by THE ELITE OF TEN. Having now reviewed the bill, I ask you to please cast your votes."
It sounds like FEAR PORN in its best!
---
Giant Hominoids
Who were the Annunaki?
Giant hominoids, standing on average 8 foot tall and far heavier and more muscular than humans, visiting Earth from their home planet, termed the Planet of the Crossing by the ancient Summerians.
It seems obvious to me that the Sumerians and the bible are discussing the same "beings"..
Greg
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