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« Alan Grayson Asks Fed General Counsel Scott Alvarez: "Has The Federal Reserve Ever Tried To Manipulate The U.S. Stock Market?" (MUST SEE) | Main | Goldman Sachs Leads Bankers In Abandoning Obama »
Friday
Aug172012

Inside Job Director Charles Ferguson With Charlie Rose: "It's A Wall Street Government"

"The systemic corruption of the United States..."

Interview was recorded two days before the Oscar win for Inside Job in March 2011.

Though he's cognizant of the fraud, Ferguson also buys into the Kanjorski-Paulson martial law, blood-in-the-streets fear mongering, which as we've shown on multiple occasions was nothing more than highly granulated hyperbole meant to frighten a financially illiterate Congress and mainstream media into gentle acquiescence to the demands of their banking Sith Lords.

 

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Reader Comments (30)

Rose is an Obama-loving, cock-tailing, Wall St. sycophant. His hubris is subdued here, but his allegiance seeps out a little when he brings up Buffett and his "thank God" for The Bernank and Paulson position...Ferguson stayed the course and is right; The Bernank and Paulson saved the banks, not us...
Mar 1, 2011 at 12:02 PM | Unregistered CommenterJosie
I don't, for a second, believe that the government's ex-bankers responsible for both preventing and fixing this so called meltdown are incompetent. They did exactly what was expected of them: grab as much money as possible from the people of America and the World and shove it into their bottomless pockets. THE BANKS OWN THE GOVERNMENT!!...period. Until we wake up to this fact and grab these parasites by the throat we are lost.
Mar 1, 2011 at 12:02 PM | Unregistered Commentergreg
Wow. I hadn't watched this until just now. Rose is usually happy to fellate those in power, but he didn't even seem to try here. Something about Ferguson's unassuming, academic demeanor must cause people to let their guard down. Or he's just quietly very, very persuasive. He's definitely that. Either way, this came off really well, I thought. I never would have thought I'd see the band-aid come off on Charlie Rose, but it just did. That was amazing.
Mar 1, 2011 at 1:00 PM | Registered CommenterDr. Pitchfork
Charles H Ferguson is a wall street shill and his movie is a distraction: http://empirestrikesblack.com/2010/08/inside-job/
Mar 1, 2011 at 1:01 PM | Unregistered Commenternit2am
nit2am,

Do you have an argument, or just a Wikipedia citation? What a load of bunk. If you were being honest you'd retract what you said. Ferguson has even described how his PhD and CFR membership probably put his interview targets at ease -- at least initially. Whatever, I see you've been posting this crap all over the internet.
Mar 1, 2011 at 1:31 PM | Registered CommenterDr. Pitchfork
Sith Lords indeed.
Mar 1, 2011 at 1:49 PM | Unregistered Commenterspideydouble
@nit2am

Daniel Ellsberg, as an insider at RAND, had access to damning evidence and credibility as a source. Likewise, Charles Ferguson, as a CFR insider, had access to unguarded interview subjects and credibility as a documentarian. Not all members of these nefarious think tanks are as loyal as you would think to their dark lords. They are human, and may have consciences after all. Rather than attacking them, you should be applauding their courage and hope more like-minded insiders follow suit.
Mar 1, 2011 at 2:15 PM | Unregistered Commenterspideydouble
@nit2am

How is calling for wall street elites to see some prison time a distraction? It appears to be quite the opposite.
Mar 1, 2011 at 2:20 PM | Unregistered Commenterspideydouble
Charles Ferguson is now in the Honorable Mention category of A-Listers at www.capitalismwithoutfailure.com:

http://www.capitalismwithoutfailure.com/p/a-list.html
Mar 1, 2011 at 3:41 PM | Unregistered CommenterJaime
Yeah, I'm sure the CFR's doors are wide open to any old spy that wants access to all of their "damning evidence".

If you think Hollywood is going to produce an expose of the very corporate elite that owns it, you're beyond gullible.
Mar 1, 2011 at 3:55 PM | Unregistered Commenternit2am
On a side note, do you really think the CFR would still be carrying Ferguson if he were such an anti-Capitalist-hero-whistleblower?

They're throwing you a bone. Use some common sense and think for one second before you gallop after it.
Mar 1, 2011 at 4:01 PM | Unregistered Commenternit2am
The entire nation is in a bind of GIGANTIC AND SYSTEMIC FRAUD. The taxpayers were forced to purchase gigantic companies, and pay to bail out investments which were completely off banks books. Who is holding the checkbook in this counry? You know the answer to that.
There is way to organize, and hold the banksters accountable. The grass roots efforts already taking hold.
At WallStreetClassAction.com we organize a class action against the banks, the ratings agencies and other financial institutions involved in staging the colossal securitization fraud and subsequently crashing the economy and resulting in over $5 Trillion in asset losses in the US alone.Wall Street monopolistic, essentially rogue financial entities have destroyed the fabric of our society and broke our laws, making a mockery of fiscal prudence, ethics and justice. Even our very government is controlled and manipulated (by being an interdependent collosal trap) by this highly illegal banctel, where bank executive officers “retire” or transition into various government regulatory and controllership positions, futher aiding and abetting the ongoing fraud. And when the overleverages casino style betting and back-hedging finally tipples over and out of control, the losses are effectively socialized, while the injured parties are thrown out on the street.
By having repealed the essential laws and regulations beforehand banks had stepped up the level of their offense to premeditated obstruction of justice and outright conspiracy to wire fraud. Citibank – Travelers “merger” and “Glass-Steagall shattering” alone had cost us the taxpayers $2-3 Trillions in real asset losses. Hedging, backroom betting, trading fraudulently rated derivatives, all to be eventually back-stopped by the Nation’s books, while remaining off their own is an affront to feducuary trust, a mockery of fiscal prudence and ethics.
WE THE PEOPLE will hold the banksters legally liable.
SIGN UP ON THE SITE WallStreetClassAction.com
Mar 1, 2011 at 8:11 PM | Unregistered CommenterWall Street Class Action
Well, I certainly would like to see Ferguson's first cut of Inside Job. Maybe when the DVD comes out next week, we'll get to see some of those clips excoriating these SOBs, at least. Here's hoping.
Mar 1, 2011 at 9:32 PM | Unregistered CommenterGreg Diablo
@nit2am

Did you even watch The Inside Job or this Charlie Rose interview with Charles Ferguson? Other than his lamentation over Treasury's failure to save Lehman (they deserved to fail) and representation that the credit markets were frozen (this has been proven a falsehood), I think he has the core issues dead on target. You may be throwing the baby out with the bathwater. Is there anything specific you feel Charles Ferguson failed to address or any counterarguments to points you disagree with rather than just lobbing the usual ad hominem attacks?

I'll take this bone because it is getting mainstream international exposure and we need all the help we can get in calls for truth, justice, and acceptance that President Obama has failed at his once-in-a-decade chance to make the United States better for ALL of its citizens, not just finance industry elite bonuses.
Mar 1, 2011 at 10:14 PM | Unregistered Commenterspideydouble
@Wall Street Class Action, I agree with you statement "Even our very government is controlled and manipulated (by being an interdependent collosal trap) by this highly illegal banctel, where bank executive officers “retire” or transition into various government regulatory and controllership positions".....

It also works in reverse too. Without saying these individual are guilty of wrongdoing, this article demonstrates the concept quite nicely.

UBS Hires Hedge Fund Manager and Two Politicos

http://www.hedgefund.net/publicnews/default.aspx?story=12239

[snip]

Friedman was CIO for the Bill & Melinda Gates Foundation until March 2010. Prior to his work with the Gates’ foundation, he was an investment banker at Lazard and a Defense Department official in the Clinton administration.

Haefele, who will lead investment analysis, founded Boston-based hedge fund manager, The Sonic Funds in 1999 and was a managing director at Matrix Capital from 2005 to 2007. He has also been a lecturer in Harvard’s history department.

Sutphen, the former White House deputy chief of staff for policy for President Barack Obama, will head up macro analysis for the bank.
Mar 1, 2011 at 10:21 PM | Unregistered Commenterjohn
'hungry4food' is advocating the expansion of debt peonage.
Mar 2, 2011 at 7:34 AM | Unregistered CommenterDanaë
Hey Spidey, how is it going.
Mar 2, 2011 at 10:54 AM | Unregistered CommenterS. Gompers
The Islamic Banking methodology limits the FREE markets ability to generate capital formation from a Wide range of Investor and risk taker , both of which are needed to seek the highest level of Innovative Progress that can at a Minimum sustain Quality of life , but at least with a Risk taking entrepreneur market actively engaged in a Free market Environment driven by those that are willing to take the risk of funding such enterprises with a Interest bearing lending policy , this is what will excel when Shariah Finance Compliance Policy will only fail . So to have this Policy in the Under Pinnings of the Top Financial Firms in Capital Formation venues of Finance is going to Limit Supply-side Economic Growth and stall any hope of a sustainable Recovery .



http://en.wikipedia.org/wiki/Islamic_banking
Overview The Dow Jones Islamic Market Index
http://www.djindexes.com/islamicmarket/
“Shariah-Compliant Finance (SFC).”

http://www.washingtontimes.com/news/2008/nov/04/treasury-submits-to-shariah/ , in this article it talks about the TARP program being influenced by “Shariah-Compliant Finance (SFC).” it goes on to say that ; " Thanks to the extraordinary authority conferred on Treasury since September, backed by the $700 billion Troubled Asset Relief Program (TARP), the department is now in a position to impose its embrace of Shariah on the U.S. financial sector. The nationalization of Fannie Mae and Freddie Mac, Treasury’s purchase of - at last count - 17 banks and the ability to provide, or withhold, funds from its new slush-fund can translate into unprecedented coercive power.


Shariah Law Financing (Wall Street) Selling Our Souls
http://www.youtube.com/watch?v=12rYtc1Ss9k


#2 Shariah Islamic Law in America and Europe: What the West Needs To Know
http://www.youtube.com/watch?v=L7iHxl90CD0&feature=related

#3 Shariah Finance: Securities Fraud? , this Gal in this Video is a Democrat Financial Professor and a expert in “Shariah-Compliant Finance (SFC).” with a stiff warning about what is going on in US Financial Firms in Wall Street .
http://www.youtube.com/watch?v=Qbb5s8hALVE
Shariah Finance - USA Lawsuits and AIG - Tutorial #4 ,

http://www.youtube.com/watch?v=E4RcXPnJg5I
Exposing the Risks of Shariah Finance
http://www.shariahfinancewatch.org/blog/category/shariah-banking/
Court clears way for Shariah-based bank

http://www.thepeninsulaqatar.com/india/141389-court-clears-way-for-shariah-based-bank.html

CAIR LA Rep Explains Islamic Finance on Fox TV - Shariah Banking in Focus
http://www.youtube.com/watch?v=ZjP7mMyR3I8

U.S. Interest in Shariah Finance Opens Dangerous Doors, Critics Say

http://www.foxnews.com/story/0,2933,451416,00.html
Mar 2, 2011 at 12:18 PM | Unregistered Commenterhungry4food
Spideydouble, Greg Diablo, Dr. Pitchfork,

I've posted this comment once before but it was censored. Here goes nothing...

The financial elite pushes memes that are designed to avoid casting blame on the central

banking system which, in the modern era, involves printing money-from-nothing, with no

underlying asset base. The idea is to create diversionary blame that can then be translated

into further government action, usually regulation.

What this means in practice is that central banking blows up economies, leading to more

regulation (something which Ferguson calls for himself) which further concentrates power in the

hands of a few, allowing government and society to be even more efficiently run by the elite.

It's kind of a closed feedback loop. The more chaos, the more regulation, the more leverage the

elite has to reignite the process. Power is continually being centralised and the middle

classes themselves (the elite's ultimate target) will actually clamour for the regulation that

facilitates the process.

I'm not saying that the private sector (Goldman Sachs et al) had nothing to do with the crisis,

because they did. Only that they are not the ROOT of the problem; the money-from-nothing

central banking system is. Ferguson's dog and pony show distracts viewers from this by

focusing on a few fall-guy figures in the private sector. Hell, he can call for them all to go

to prison but get real, we all know that none of the big fish actually will.
Mar 2, 2011 at 5:22 PM | Unregistered Commenternit2am
Okay I wrote that in notepad with wordwrap on and it's not exactly readable. Here goes again:

Spideydouble, Greg Diablo, Dr. Pitchfork,

I've posted this comment once before but it was censored. Here goes nothing...

The financial elite pushes memes that are designed to avoid casting blame on the central banking system which, in the modern era, involves printing money-from-nothing, with no underlying asset base. The idea is to create diversionary blame that can then be translated into further government action, usually regulation.

What this means in practice is that central banking blows up economies, leading to more regulation (something which Ferguson calls for himself) which further concentrates power in the hands of a few, allowing government and society to be even more efficiently run by the elite. It's kind of a closed feedback loop. The more chaos, the more regulation, the more leverage the elite has to reignite the process. Power is continually being centralised and the middle classes themselves (the elite's ultimate target) will actually clamour for the regulation that facilitates the process.

I'm not saying that the private sector (Goldman Sachs et al) had nothing to do with the crisis, because they did. Only that they are not the ROOT of the problem; the money-from-nothing central banking system is. Ferguson's dog and pony show distracts viewers from this by focusing on a few fall-guy figures in the private sector. Hell, he can call for them all to go to prison but get real, we all know that none of the big fish actually will.
Mar 2, 2011 at 5:24 PM | Unregistered Commenternit2am
Hey S. Gompers. It is going.
Mar 2, 2011 at 11:18 PM | Unregistered Commenterspideydouble
@nit2am

I agree with you on the central banking system being a root problem. Many of us here do as you can tell by our comments over the years. However, I think you are missing what a success this interview, documentary, and academy award are though. Charlie Rose is sobering up to the reality of the absence of truth and miscarriage of justice in the worldwide economic meltdown. He gave up even trying to defend or advocate for Wall Street after some initial feeble attempts. Did you see his response to Ferguson's lamentation over Obama's failure? Charlie was speechless. Given Charlies Rose's interview subjects and audience, that in itself is huge! You can't be so dogmatic as to concede the little battles because you only care about the big ones. Ferguson has no dog in the End the Fed race, but that doesn't invalidate his work in executive management and government regulator accountability. You never know, his next documentary could be about the history of central banking, fiat currency and creation of the Federal Reserve System.

I think you also miss the point of regulation. More regulation isn't the problem. It is the failure of regulators (or as Jon Stewart affectionately calls enablers) to enforce existing regulations. Even William K. Black, Harry Markopolos, and dozens of other wise and knowledgeable authorities agree on that. Effective enforcement of banking regulation can and should be an appropriate check and balance to reign in the unruly finance industry executives and the corporations they run, protect future generations and prevent worldwide economic meltdowns.

I would hardly call this a dog and pony show. You would rather Ferguson focus our attention on figures who are even less likely to see any prison time? Georgie Bush? Dick Cheney? Don Rumsfeld? Alan Greenspan? Ben Bernanke? Hank Paulson? Turbo Timmy "the Tax Cheat" Geithner? Barney Frank? Chris Dodd? Paul Kanjorski? Barring negligence and immorality, each contributes what they can from their position, logical assumptions and experience. If you are not getting what you want from Ferguson, convince him that your battle is the one worth fighting for or pray he learns from personal experience, but by all means, don't attack the guy (and consequently his message) because it doesn't fulfill your chosen cause. Not everyone can be Ron Paul.
Mar 3, 2011 at 12:10 AM | Unregistered Commenterspideydouble
Spidey is correct, more regulation isn't necessarily the problem. It is the failure of the regulators to enforce existing laws. As well as many seeking to get rid of regulations, therefore if no law is broken, there is no crime, just your tough luck.
Mar 3, 2011 at 9:58 AM | Unregistered CommenterS. Gompers
In theory regulation is a good thing, if it is done by a democratic body and if it is genuine, transparent regulation.

In reality though, it isn't. It's done by the very same small, elite group of globalist financiers responsible for all the woes of the modern economic system.

The Fed was created after a similar panic, and the 'need for regulation'. How's that going for you? Rhetorical question...
Mar 3, 2011 at 10:41 AM | Unregistered Commenternit2am
nit2am,

We are all aware of that and it has been discussed here to great lengths. Both the incident you mention and today were both preceded by waves of deregulation and inept enforcement.

Even the panics are orchestrated to force their will and get what they want. in your case example it was the creation of another central bank.

It was not the first time...

We all say end the FED in response to your question.
Mar 3, 2011 at 11:05 AM | Unregistered CommenterS. Gompers
interesting discussion...good to see spidey around...
Mar 4, 2011 at 5:01 PM | Registered CommenterDailyBail
The interview with Ferguson is 17 minutes of pure validation. Great video, Thanks again DB!
Aug 24, 2011 at 12:51 AM | Unregistered CommenterDave
Wow. That was a great interview (on Ferguson's part).
Aug 17, 2012 at 2:31 PM | Unregistered CommenterPitchfork
"Though he's cognizant of the fraud, Ferguson also buys into the Kanjorski-Paulson martial law, blood-in-the-streets, 17th-century-you'll-be-milling-your-own-wheat fear mongering"

In addition, Ferguson praises Warren Buffett for his lip service in "calling out" other billionaires, while overlooking Buffett's blatant case of dumping shitloads of MCO stock based on insider information. Ferguson then identifies Ron Paul as a dangerous demagogue, lumping him in with Sarah Palin, Michele Bachman, and Rick Perry--but not Mitt Romney. This all occurs within a few short passages of "Predator Nation" at about page 319. (This is the point at which I put the volume back on the shelf in the bookstore.)

While there's a lot of great research packed into Ferguson's book, lapses like the foregoing make me question where he's really coming from.
Aug 17, 2012 at 3:45 PM | Unregistered CommenterCheyenne
First of all, Nit2am, you are an A--. I thought the interview was very spot on and revealing. Although I must preface, I have not
as yet seen In Side Job.

Furthermore Hungry4food, no one has said anything about Sharia law, and the limitation of investment opportunities of big business. The only stipulation is that there be a two tier type system where the average joe's savings do not become part of the trading, investing, casino type adventures, where all the risks lies. Glass-Stegal worked very well protecting the average citizen,
that is, until Bush and Clinton did away with that protection. Admittedly, I have not read the links you provided.

And, finally, thanks be to "God" for the Wall Street Class Action lawsuit. I will sign on.

Thank you for letting me express my opinion.

Sandora
Aug 18, 2012 at 8:46 PM | Unregistered Commentersandora

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