Wall Street Capitalism: A Love Affair

Sartre
BATR
February 21, 2011

What once was a mercantile world has become a global playpen for moving hot money to squeeze out the highest return on investment. Replacing nation states with international capital is now sport. Undermining the sovereignty of countries by an elite club of financial manipulators is the purpose for the grand game. Illustrating this fact, David Callaway writes in Market Watch. “The sale of the New York Stock Exchange to Deutsche Boerse this week underscores the lack of historical antipathy for Germany, the world wars not withstanding, but also something more significant. The deal officially slammed the door on the surge of protectionist overreaction that sprang from the global financial crisis”.

The conquest of the NYSE by German economic dominance is ironic, since so much of the financial funding of the Third Reich came out of Wall and Broad Street.


Money is the ultimate leveler. The dilemma is that capital is not democratic. If you have money, you have options. If you do not, you are at the mercy of the transnational system of financial bondage. All too often people equate capitalism with free enterprise. Nothing could be further from the truth. Crony Capitalism destroys genuine free market competition. Wealth creation is the nature of authentic commerce. Command and control is the objective of cabal moguls. Entrepreneurship is the business plan for prosperity, while systemic usury is the formula used by banksters to enrich favored cohorts in crime.
The current article in Rolling Stone by Matt Taibbi asks a key question, Why Isn’t Wall Street in Jail?

“Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world’s wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people”.

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