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.
Reader Comments (30)
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.
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.
How is calling for wall street elites to see some prison time a distraction? It appears to be quite the opposite.
http://www.capitalismwithoutfailure.com/p/a-list.html
If you think Hollywood is going to produce an expose of the very corporate elite that owns it, you're beyond gullible.
They're throwing you a bone. Use some common sense and think for one second before you gallop after it.
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
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.
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.
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
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.
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.
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.
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...
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.
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.
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