Wall Street Capitalism A Love Affair
February 28, 2011
Contributed by Breaking All the Rules (BATR)
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."
Sensible citizens want an answer. Justice demands accountability. Yet, few people fully comprehend that the supra-capitalists of the imperial cult of the money-world ignore the rules of nation states. Above the fray, these Illuminati live in a sublime existence of self-established privilege. The reason that they can get away with murder is simple. They are the rulers and the designers of the laws. Countries adopt policies, follow instructions and shield the controllers of counterfeit money creation. Jails are for renegades, not for capital deities. Influence routinely bought, prepares the way for more mergers of Wall Street exchanges. The protected few are not subject to the same standards that destroy any ordinary transgressor.
A true hypocrite socialist, who masquerades as a prophetic filmmaker; Michael Moore, brings this lesson home. His latest project, Capitalism: A Love Story is available for viewing. He depicts Wall Street as financial whores effectively. However, his alternative for a paradise on earth reveals the lunacy of this buffoon in all his psycho glory. Two reviews of the movie offer substantial criticism. Capitalism: A Love Story by Michael Moore Movie Review and Michael Moore Mistake in "Capitalism: A Love Story" on FDR's Second Bill of Rights.
From the Mises Daily, Michael W. Covel in Michael Moore Kills Capitalism with Kool-Aid provides insight and the text for the brave new world of Democratic Socialism.
"What is his solution? Tugging on your idealistic heartstrings of course! Moore ends his film with recently uncovered video of FDR talking to America on January 11, 1944. Looking into the camera, a weary FDR proposed what he called a second Bill of Rights an economic Bill of Rights for all regardless of station, race, or creed that included:"
- the right to earn enough to provide adequate food and clothing and recreation;
- the right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
- the right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
- the right of every family to a decent home;
- the right to adequate medical care and the opportunity to achieve and enjoy good health;
- the right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
- and the right to a good education.
The context of this pious pontification of the patrician Franklin Delano Roosevelt needs to be seen for what it is, his true religion the supremacy of the Federal Government, at the cost of the destruction of free enterprise. Moore, a modern day charlatan is an apt surrogate for the Roosevelt legacy of Totalitarian Collectivism. Wall Street is no friend of 'Merchant Class' business. Only the speculator and the monopolist have a love affair with the financial culling that takes place in the rigged markets.
Moores delusory faith in a communal democracy is a paternal insult to the underclass that follows a pied piper into perpetual servitude that rests upon a one person, one vote equality myth. The film glorifies dysfunctional creatures, who behave as if they are in the formative stages of just learning to walk. Most demonstrate they are better at crawling on all fours. This kind of marginal human society will never rid the world from the scourge of international capitalism.