Tag Archives: American Ruling Class

Yellen tells graduates: Show grit like Ben Bernanke

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“Federal Reserve Chairwoman Janet Yellen on Wednesday delivered what you’d expect from a commencement speech: graduates, she said, should ‘tend the fires of curiosity,’ listen to others, and show grit in the face of failure. Yellen reminded New York University students in Yankee Stadium that even Babe Ruth, Lou Gehrig and Joe DiMaggio failed most of the time they stepped to the plate, according to a text of her remarks.  And what example did Yellen find for such an inspirational beacon of bravery?  Why, her predecessor, Ben Bernanke.”

http://blogs.marketwatch.com/capitolreport/2014/05/21/yellen-tells-graduates-show-grit-like-bernanke/

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Bill Bonner: Middle Class? What Middle Class?

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“Want a middle-class lifestyle… with middle-class finances… and middle-class attitudes?  Forget it. Trying to enter the middle class is like trying to get a job as a galley slave. You get chained to an oar. You sit. You row… until you drop dead.  The middle class, as Smith tells it, is desperate to continue its ‘aspirational consumption financed by debt.’ It’s a trap – set for you by the oligarchs and ‘poligarchs’ (people whose votes can be bought cheaply) who control Washington and its major industries.  And if you’re young, you face a lifetime of backache… trying to keep up the pace.  These heavy burdens didn’t ‘just happen.’ They are the result of dirty dealing by America’s goons and poltroons.”

http://www.bonnerandpartners.com/middle-class-what-middle-class/

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Wendy McElroy: The Most Influential Man You Haven’t Heard Of

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“‘Steyer hosted a recent fundraiser at his San Francisco home that netted the Democratic Senatorial Campaign Committee $400,000 and where Senate Majority Leader Harry M. Reid (D-Nev.) and the six other Democratic senators in attendance openly discussed plans for …[ the] talkathon, according to reports.’ In other words, the speechathon was planned at the billionaire’s home in Reid’s presence. The uber-influencial Reid is the same Democratic Senator who lambasted the billionaire Koch brothers for their donations to Republican causes and campaigns.  Apparently, Reid wants only the Senate to be up for sale, and only to a Democratic buyer.”

http://www.thedailybell.com/editorials/35284/Wendy-McElroy-The-Most-Influential-Man-You-Havent-Heard-Of/

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Bill Bonner: Here’s Proof That Wealthy Elites Control Washington

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“We had no proof. Just an observation. But it looks to us as though government always begins and ends as a tool for those who control it.  It is not the product of a ‘social contract.’ It is not an expression of the ‘general will.’ It is not the ‘price we pay for civilization.’ It is not ‘captured by wealthy special interests.’  On the contrary, it is as blunt and stupid as a crowbar. It is used by the elite to pry wealth, status and power away from everyone else.  Few victims of the public school system believed us, but now cometh a study from Princeton and Northwestern universities proving we were right.”

http://www.bonnerandpartners.com/heres-proof-that-wealthy-elites-control-washington/

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Oligarchy in the 21st Century … Get Used to It?

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“Alan Greenspan no doubt would have answered in a way that allowed for multiple interpretations.  But Yellen took the question with little equivocation. We can see that Yellen is being cautious, even as she is granting the possibility that the US is an oligarchy. Sanders has an agenda, but Yellen is certainly not about to discount it outright. That this question came up at all is the result of a Princeton study on the subject. A TalkingPoints post back in April reported on the study, which asks ‘who really rules the US.’ The study concludes that in the past few decades America’s political system has evolved from democracy to oligarchy.”

http://www.thedailybell.com/news-analysis/35289/Oligarchy-in-the-21st-Century–Get-Used-to-It/

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Superlawyer Jim Bopp takes on McCain-backed FATCA tax law

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“Jim Bopp, the hard-charging lawyer who persuaded the Supreme Court to strike down crucial elements in the McCain-Feingold campaign finance law, has a new target in his legal sights: a bank and taxation statute that hits Americans overseas.  Mr. Bopp is assembling a legal attack on the Foreign Account Tax Compliance Act, which he and other critics say intrudes on financial privacy and scares banks from doing business with Americans living overseas.  In addition to his authorship of the McCain-Feingold law, Mr. McCain was one of the main proponents of the tax compliance act, which takes full effect July 1 — unless courts intervene.”

http://www.washingtontimes.com/news/2014/may/5/superlawyer-jim-bopp-takes-on-mccain-backed-tax-ac/?page=all

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Sen. Blumenthal Wants You To Know Train Safety Is Very Important

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“During a track-side speech on railway safety Friday, Sen. Richard Blumenthal (D-Conn.) unintentionally demonstrated just how important railway safety is. Watch what happens as soon as the surprised senator says: ‘Safety, as you know, is paramount.’ Yes it is, senator, yes it is.  The video may go viral, but not for the reasons you would hope for.”

http://www.dailymail.co.uk/news/article-2608862/Stand-yellow-line-Senator-hit-train-speech-railway-safety.html

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Former US Consumer Finance Watchdog Voices Support for Bitcoin

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“Raj Date, the former Deputy Director of the US Consumer Financial Protection Bureau (CFPB), a consumer finance watchdog, said in an interview this week that he supports – and is now investing in – bitcoin.  During a segment of Bloomberg Television’s ‘Street Smart,’ Date commented that, on a personal level, he sees a lot of potential in digital currencies like bitcoin.  In the interview, Date said that bitcoin has the potential to deliver faster and more secure payments than is currently possible for most consumers, and remarked that the pace of innovation could result in a broader evolution in digital currencies.”

http://www.coindesk.com/former-us-consumer-finance-watchdog-voices-supports-for-bitcoin/

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Conspiracy Theory Goes Mainstream With Wall Street’s Mark Gorton

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“Everything, according to Gorton, has been an inside job. It is really something. The longest and most complete of Gorton’s essays is titled ‘Fifty Years of the Deep State.’ [..] Yesterday, we called Mark Gorton to ask him about the authenticity of these documents. After a long pause, he said that he was mulling over the ‘consequences for me’ if these documents came to light. Like what? ‘People killing me and my children,’ he said. ‘This has the potential to change my life.’ Gorton did confirm that he wrote the essays, though, which he described as works in progress.”

http://www.thedailybell.com/news-analysis/35214/Conspiracy-Theory-Goes-Mainstream/

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Atlantic Council, Bitcoin: The Future of Currency?

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“Please join us for a discussion with Jason Healey,Director, Cyber Statecraft Initiative; Kevin Houk, Bitcoin Miner; and Ronald Marks, President, Intelligence Enterprises LLC on April 11th at 10:30 a.m.”

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