Good Times!!

          More lockdown, and the capitalist beasts are calling for more tax payers money to keep them in the style the think they are entitled to, and the media keeps blowing their trumpet on the need for businesses to be saved. However what is facing the ordinary people of this country, and other countries, is abject poverty for years to come. Where do you think all those bailouts of billions of pounds we taxpayers hand to the big businesses ends up, why in the coffers of the big financial Mafia, the big banks and investment companies. Most of them are doing very well thank you and with their loot cupboards stuffed with your money, they are well placed to face the tidal wave of poverty that will hit most of us, the people who created all that money in the first place.

 

         Of course this is nothing new, the present economic system has always functioned on the basis that we the people create the wealth and the owners and managers of the system plunder that wealth to create a pampered and privileged life for themselves and that small coterie parasites around them. Perhaps this latest phase of this brutal system of exploitation, will push us hard enough into poverty and deprivation that we open our eyes and see it for what it is, and force us to bring it crashing down. You know we can build a system that is fair and just, that sees to the needs of all our people, that is sustainable, brings an end to wars. We have the power and the imagination, all we need is the will to come together and show our true humanity. Just remember, it is your money that oils the wheels of the financial Mafia.
        The following extract refers to America, but the system is repeated across the globe, capitalism and the financial Mafia have no borders, borders are for us, to keep us in our place and to live according to their rules.

        The following extract is from World Socialist Web Site 

 

Bank of America (Image credit: Mike Mozart/Flickr)

          Hefty profits for top US banks as millions face social disaster
Shannon Jones, 13 October 2020
          Big US banks reported much stronger than expected profits in the third quarter while wide layers of the population face misery and hardship.
         Buoyed by government cash poured into the financial markets, JPMorgan Chase reported third-quarter profits of $9.44 billion, or $2.92 per share, well above the forecasts of economic experts. That figure compared with $4.76 billion last quarter and $9.08 billion one year ago.
        JP Morgan’s bond and stock trading operations accounted for a 20 percent year-over-year increase in revenues, offsetting declines in consumer loans and credit cards. The bank’s earnings rose despite a charge for $524 million for legal fees related to its criminal manipulation of global markets in commodities and US treasury notes.
       Citigroup reported $3.2 billion for the third quarter, despite a 13 percent drop in revenue from consumer banking as its trading and investment revenue rose 5 percent.
       BlackRock, the world’s largest asset manager, also reported strong third quarter profits, which rose to $1.36 billion. Fueled by US Treasury cash, its assets under management increased to $7.8 trillion, which is an increase of 12 percent from the third quarter of last year.
       Other large US banks, including Bank of America, Goldman Sachs and Morgan Stanley, are expected to show healthy third quarter profits when their reports come out later this month.
        The strong results for the banks come in the midst of the worst economic collapse since the Great Depression and mounting hardship across the US. The situation facing the unemployed is increasingly dire as the limited and inadequate support for the unemployed contained in the CARES Act long ago expired and funds released by the Trump administration for a $300 supplement are largely exhausted.
       Meanwhile, the US Treasury continues to pump cash into the financial markets, money that will have to be repaid at devastating cost to the working class in terms of social benefits, wages, working conditions and lives. The necessity of restarting production in order to repay the trillions handed over to the banks and corporations is the driving force behind the homicidal back-to-work policy of the US ruling class and governments around the world. This has led to a sharp increase in COVID-19 cases and deaths, with the number of fatalities surpassing one million internationally and 221,000 in the US.

Read the full article HERE: 

Visit ann arky's home at https://radicalglasgow.me.uk  

THE WORLD'S BIGGEST SCAM.

       A rather long winded, but detailed and honest, explanation of the Goldman Sachs financial fiddle that is still going on and and is responsible for the misery being inflicted on the developed world through the means of "austerity".

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14.5% ANNUAL PAY INCREASE, NICE ONE LLOYD.

        While the financial Mafia, lead by the likes of Goldman Sachs etc. continue with their slash and burn of the living standards of all the ordinary people across Europe, they have no qualms whatsoever in gorging themselves on the fruits of their plunder. It is not done surreptitiously, no it is done quite blatantly, their arrogance makes them feel they are entitled to such stratospheric payments.

It's hard being a banker, I have to make some tough decisions.

      Take Mr Lloyd Blankfein, head of Goldman Sachs, while you and I are suffering from a wage freeze or wage cut, this hard working gentleman received, for his 2011 annual pay, an increase of 14.5% taking his reward for a hard years work to the princely sum of $16.2million. This is approximately £10.3million a payment that makes up his salary, bonuses, long term share rewards and perks. You can rest assured that every penny/cent of that was gleaned from the “austerity cuts” and “deficit reduction” being imposed on the rest of us. Well, that's capitalism for you.

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GREECE TODAY - TOMORROW----??

          Having been a long term visitor to Greece and having a family connection there, I can tell you that the full extent of what the Greek people are suffering is unbelievable, it is criminal, it is brutal. It isn't reported on by the mainstream media, what they give you is what the financial Mafia are preaching and the need for “tighter fiscal policies”, never the human cost, or the real reason for these “austerity cuts”. The Greek people are expected to accept a life of severe third world deprivation for the next generation or two at least, and all that that entails, deprivation, increased health problems, homelessness, rapidly rising suicide rate, drug and alcohol addiction and massive unemployment. What is more, they are expected to accept it like good subservient serfs. Ask your self, what would you do? Would you kneel and accept this blatant plunder of the all public assets, the destruction of the social fabric of your society, see your kids and grand kids' future deposited in the bank account of the corporate fascists that rule this world, or would you stand up and try to do something about the situation? Well now is the time to stand up and do something. There is no point in appealing to your "elected" government, it has been taken over by a Goldman Sachs hit man with his heavy team waiting in the wings, the illusion of democracy has been shattered. What worries me is that we all tend to feel that it is all happening over there, and our media feed this type of illusion by spouting the usual crap about, it couldn't possible happen here, we don't have the failings of those people over there, but we are all in the same Ponzi scheme. It is all a matter of degree, and sooner or later our little illusion will be shattered and we will all be standing doing battle in our own little patriotic backyard. Mean while, the corporate fascists are organised world wide. This is not a national problem, this plunder of public assets is organised on an international basis and it can only be combated on an international basis, by pan-European action organised to change society, not to modify it. Of course you may feel that your government is more democratic and wont let it happen to you, they'll fix it before it really hurts you, more the fool you.

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YOU ARE ALSO IN THE PONZI SCHEME.

           Having been a long term visitor to Greece and having a family connection there, I can tell you that the full extent of what the Greek people are suffering is well beyond the propaganda on the media. What is not reported widely by the mainstream media are the facts on the ground, the people behind the statistics. Overall unemployment is running at over 22%, among the young it is over 50% and the IMF, (International Mankind Fuckers) has dictated that another 150,000 have to lose their jobs. On top of three years of wage cuts and tax increases, the Mafia at the IMF are demanding a further 22% cut in the minimum wage with further pension cuts. Think on these figures, try to see it happening where you live, what would you do? The Greek people are expected to accept a life of severe third world deprivation at least for the next generation or two, and accept it like good subservient serfs. Would you kneel and accept this plunder of the social fabric of your society, see your kids future deposited in the bank account of the corporate fascists that rule this world, or would you stand up and try to do something about the situation? There is no point in appealing to your "elected" government, it has been taken over by a Goldman Sachs hit man with his heavy team waiting in the wings, the illusion of democracy has been broken. The technocrat Papademos, installed by the IMF to run Greece in a manner suitable to the financial Mafia, obviously has double standards. In a statement about the mass protests taking place across Greece he said, ”Vandalism, violence and destruction have no place in a democratic country and it won't be tolerated.” Of course he believes that an international body imposing somebody to run that country, has a place in democracy and will be tolerated? Well perhaps it will be tolerated by the suits in parliament, but will it be tolerated by the people? The extent of the anger in Greece can be seen in the bitter clashes with that imposed authority. In Athens as the suits with their imposed leader sorted out the implementing of the IMF plan, riots covered the city. More than 150 shops were looted including at least one gun shop, 48 building were set alight. Also destroyed, perhaps symbolically, was the Asty cinema, which was used during the second world war by the Gestapo as a torture chamber. While this was going on, similar scenes were taking place in Thessalonika, other cities and on some of the Greek islands.

 

What worries me is that we all tend to feel that it is all happening over there, it couldn't possible happen here, but we are all in the same ponzi scheme, sooner or later our little illusion will be shattered and we will all be standing doing battle in our own little patriotic backyard. Mean while, the corporate fascists are organised world wide. This is not a national problem, this plunder of public assets is organised on an international basis and it can only be combated on an international basis, this is corporate fascism taking full control, the end of elected governments having a say in the fiscal policies of their country. Of course you may feel that your government is more democratic and won't let it happen to you, they'll fix it before it really hurts you, more the fool you.

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A PLAGUE ON OUR PLANET.

       The Cameron public school thug will go to any lengths to protect the “City”. He'll avoid any form of legislation that might hurt the financial leeches and prevent them from milking the system for all it is worth. He'll screw Europe and tell them to bugger off. His reasoning, well the “City” accounts for 10% of the total UK income. I wonder what proportion of our national income was produced by our shipyards, heavy and light engineering, steel works, and our coal mines, etc. and what was done to protect them? Well since they have all gone, what ever it was was not enough. Even with that lot gone, the “City” is only 10% of our total national income, what about the other 90%, where is that and what special protection will the Cameron parasite come up with for that. We have to accept that this system is under the total control of the financial parasites that shift their billions and trillions around, black-mailing country after country, making sure that no government has the power to interfere with their money making scams.

      

We're bankster, we don't obey no stinkin' laws.

        I have previously written about the coup taking place in Europe, first in Greece, where the thin veil of illusion of democracy was removed and a “technocrat” put in to replace the elected Prime Minister. This idea seemed to delight the financial parasites as it was quickly followed by the removal of the elected Prime Minister of Italy, who was replaced by a Goldman Sachs suit. Now a Leham Bros financial whiz kid who helped bankrupt that financial giant, has taken the reins in Spain, replacing the Prime Minister. Across the world country after country is told it has a deficit problem, even although it is one caused by the banks and their parasite billionaire/multimillionaire clients, they are told that the only answer is to get rid of the elected government and replace it with one of the banksters responsible for the problem in the first place. This is to ensure that no matter what happens, the parasite financial Mafia will not lose any of the money the greedily gambled. Leeches, parasites, vampire squids, call them what you will, there will never be a society of fairness and justice until we rid the planet of this plague.

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THEIR ROYAL HIGHNESSES, GOLDMAN SACHS!!

    
         So the IMF (International Mankind Fuckers) ECB (European Central Bank) and European governments are going to sort out the financial crisis by adding more zeros to the end of their bank balances and everything will be just fine. Well not according to those in the top echelons of the big boys gambling casino. It seems what I have been saying for some time now has been openly spouted on BBC TV, governments are no more than the managers for the banking system and Goldman Sachs rules the world. It makes you a proper twat, running to the ballot box and thinking that will sort the problems. When will we wise up and get this bunch of parasites off our backs?

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