THE VAMPIRES OF WALL STREET / UNREGULATED DERIVATIVE TRADING

It’s time for a stake in the heart of unregulated derivative trading which represents over 150 trillion dollars in the United States alone with most of that risk backed up by the FDIC and ultimately American taxpayers. These unregulated financial vampires are sucking the blood out of Wall Street and leaving America vulnerable to another immense financial collapse: Allen L Roland

There are two ways to be fooled: One is to believe what isn't so; the other is to refuse to believe what is so: Kierkegaard

America is on the edge of an immense moral and financial collapse which is more than evident on Main Street America but still actively hidden and disguised on Wall Street. But behind the smoke and mirrors of a corrupt financial system are the vampires of Wall Street ~ the unregulated Derivative Traders whose feeding frenzy continues unabated and all backed up by the federal Reserve.

Here are some economic figures from 2011 to confirm the ongoing Main Street collapse;

1. A staggering 48 percent of all Americans are either considered to be "low income" or are living in poverty.

2. A Gallup poll from earlier this year found that approximately one out of every five Americans that do have a job consider themselves to be underemployed.

3. Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.

4. One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.

5. According to a recent study conducted by the BlackRock Investment Institute, the ratio of household debt to personal income in the United States is now 154 percent.

6. As I have written about previously, 19 percent of all American men between the ages of 25 and 34 are now living with their parents.

7. One study found that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt.

8. Today, one out of every six elderly Americans lives below the federal poverty line.

9. The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.

10.The retirement crisis in the United States just continues to get worse. According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

See full report:

http://www.informationclearinghouse.info/article30013.htm#.Tuw7gzAdmGQ.email

Obviously, Main Street is severely ill and deeply in debt. But Wall Street, on the other hand, is severely infected with the cancer of greed and the primary symptom is unregulated derivative trading.

Watch just the first 15 minutes of the enclosed Capital Account video of an interview with Janet Tavakoli, author of The New Robber Barons, who reveals more about derivative trading in a few minutes than most of the talking heads on the financial newscasts and asks the still pertinent question of why isn’t Jon Corzine in Jail?

Here are some of her other nuggets: The recently passed Jobs Bill is a total sell out to unregulated fraud on Wall Street and that the 600 trillion dollar derivative market is controlled fraud.

‘Video ( First 15 minutes )

http://www.realecontv.com/page/9971.html

Do you ever wonder why it’s possible for the top hedge fund manager in 2011 to make $1,442,308 an hour, while it takes the average American family over 29 years to earn that much? The obvious answer is that they have access to illegal insider information that is inaccessible to the rest of us. See How Hedge Fund Vampires Use Insider Info to Extract Their Dishonest Fortunes. http://www.alternet.org/occupywallst/154719

And who is at the center of this eminent financial Armageddon? The privately owned and secretive Federal Reserve Bank ( the mother of all vampires ) who continues to print money out of thin air and back stops ( via the FDIC ) well over 150 trillion dollars of unregulated derivative bets on bets for the United States ~ which only has a gross domestic product of 15 trillion dollars.

We are obviously in "game over" territory here. According to one new survey, approximately one-third of all Americans are not paying their bills on time at this point while the Federal Reserve is desperately trying to control interest rates. The Fed purchased approximately 61 percent of all government debt issued by the U.S. Treasury Department in 2011~ and this is the only thing that is keeping interest rates in the United States from soaring dramatically

The only question that remains now is when the collapse will take place and how bad it will be.

Watch this 3 minute video of a visibly shocked Progressive Radio Host Thom Hartman try to come to grips with the ticking $150 plus trillion derivative time bombs that are now backed up by the Fed and ultimately you and me as taxpayers.

http://www.realecontv.com/page/5513.html

The needed stake in the heart of the unregulated derivative vampires would be the resurrection of The Glass-Steagall Act, officially known as the Banking Act of 1933, which was a Depression-era reform that separated commercial banking from investment banking (repealed during Clinton administration) whereas an institution could either take deposits or trade securities, but it couldn't do both ~ and most certainly was never considered too big to fail nor could it be bailed out by secret Federal Reserve loans.

There are two times in a man's life when he should not speculate: when he can't afford it, and when he can: Mark Twain.

Allen L Roland

http://allenlrolandsweblog.blogspot.com/2012/04/vampires-of-wall-street-unregulated.html

Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website allenroland.com He also guest hosts a monthly national radio show TRUTHTALK on www.conscioustalk.net

Freelance Alternative Press Online columnist and psychotherapist Allen L Roland is also available for comments, interviews, speaking engagements and private consultations ( allen@allenroland.com )

OBAMA GOING DOWN WITH DOW / OBAMAGEDDON APPROACHES

President Obama has tied his administration to the Wall Street crime syndicate and will politically go down with Wall Street as the full extent of America’s economic and moral deficit is finally unveiled. It will eventually be referred to as Obamageddon.: Allen L Roland

The Rasmussen Reports daily Presidential Tracking Poll for Thursday showed that 20% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-two percent (42%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -22 (the lowest rating of his presidency and a red flag for his re-election prospects.

Obama is paying the political price of his allegiance to an unregulated Wall Street at the expense of Main Street as the economy continues to disintegrate.

On November 6, 2009, I wrote a column entitled WALL STREET CRIME SYNDICATE / GOLDMAN SACHS EXPOSED and shared that we are dealing with an Oligarchy, folks ~ the tyranny of the elites with government and Wall Street ruled by the powerful few ~ and the Obama administration is part of it. In other words, Wall Street is the only game in town and it's crooked! Ben Bernanke is a stooge for the Oligarchy along with former NY Fed chief and present Secretary of the Treasury ~ Tim Geithner. http://www.thepeoplesvoice.org/TPV3/Voices.php/2009/11/06/wall-street-crime-syndicate-goldman-sach

I used as an example, Greg Gordon, McClatchy News Investigative reporter, who revealed how Goldman Sachs didn't tell buyers of 40 Billion in toxic Mortgage securities that it was secretly betting the other way with their high flying derivatives ~ standard fare for a Wall Street crime syndicate that was about to become exposed.

But better yet I featured the highly respected Gerald Celente, who pulls no punches, correctly predicting that the political system is failing the America people and that the Banks ( Oligarchy ) are robbing us blind ~ "Worldwide we are being set up for the greatest Depression ~ and here, in the United States, it will be called Obamageddon."

Here’s Celente’s must see video interview at that time ~ ten minutes
Gerald Celente on King World News | Part 1/4
http://www.youtube.com/watch?v=oNiAAiSMu9Y&;feature=player_embedded

So let’s bring it up to date ~ Wall Street is still an active unregulated crime syndicate; Ben Bernanke and the federal reserve is its bagman (A bag man (or bagman), is a person or organization designated to collect the money to keep the syndicate in business) and Obama is the Shill for the syndicate (A shill, plant or stooge is a person who helps the organization without disclosing that he or she has a close relationship with that person or organization).

Obama was selected by the Oligarchy or global elite to finish what Bush and Cheney began. The Cheney/Bush administration literally shredded the Constitution with their abuses of power and the Obama administration is in the process of dismantling the Republic. That process has been accelerated with the unconstitutional Super Congress which replaces the representative voices of the people with a gang of six Democrats and six Republicans ~ thus placing more power in the hands of the Washington D.C. power players and thus limiting the power of the average congressman in determining what comes out of the current debt negotiations.

Thus, the voice of the people is effectively subdued and an Imperial presidency, beholden to Wall Street and the global elite, slowly assumes control. Meanwhile on Main Street, the length of unemployment is an astounding 40 weeks and unemployed workers 55 years and older are paralyzed by fear that they may never work again.

As to the bagman (The federal Reserve) ~ its secretive operations are just now coming to light. The Government Accountability Office (GAO) has released the results of its one-time, limited audit of the Federal Reserve System and the findings were breathtaking ~ with so-called “ money” tossed around like confetti to banksters, foreign banks, and favored corporations. From Dec. 1, 2007 - July 21, 2010, the Federal Reserve "created reserves in the banking system" (Bernanke slang for printing money) that exceeded not only the entire U.S. GDP for a year, but also the entire U.S. national debt accumulated over the past 224 years!

In addition, more than $3 trillion dollars were lent to overseas financial institutions in numerous countries, including in the U.K., Germany, and France. In addition, we learned just how much the big banks who contributed heavily to the financial crisis were rewarded ~ with nearly $8 trillion to banks like Citigroup, Morgan Stanley, Merrill Lynch, and Bank of America.

So what’s going on? It’s a planned demolition of the Republic ( much like the trade towers in 2001 ) where the global elite, fueled by the Federal Reserve, will eventually pick up the pieces of this accelerating depression for pennies on the dollar and Obama will preside over this transition ~ which makes his re-election imperative for his base ~ the Global elite or Oligarchy.

Last Monday and Wednesday’s stock market meltdowns are not because of a justified S&P downgrade from AAA to AA+ but instead the growing realization the rating is not low enough and that the economy is tanking.

Peter Schiff got it right in 2008 and he’s right again ~ Video

http://www.youtube.com/watch?v=SgNLTb58K_Y&feature=player_embedded

Rob Johnson explains on Real News that the fear of a continued deep recession is the real cause of the stock Market crash ~ Video

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=7143

And finally, Dylan Radigan freaks out on MSNBC and tells the truth ~ Obama needs to find the moral courage to tell the U.S. that Congress is bought !

But what Radigan doesn’t say or realize is that Obama is also bought! He’s doing exactly what the Oligarchy hired him to do ~ don’t rock the boat and maintain the status quo.

Must see video ~ Dylan Ratigan with his panel Karen Finney, Susan Del Percio & Jimmy Williams. Speaking with the show panel on the country's debt and credit rating on Tuesday, MSNBC's Dylan Ratigan decried economic plans put forth by Democrats and Republicans alike, calling them "reckless, irresponsible and stupid."

http://www.youtube.com/watch?v=aHgM8SUAwy8&feature=player_embedded#at=47

Obama’s lack of moral courage for taking a strong stand for what is right or wrong regarding our economy is not just because of his self imposed calm, pragmatic and unflappable persona, which he feels elevates himself above the conflict and chaos of the masses, but rather his innate fear of failure and offending his uber-wealthy corporate donors ~ which are right now his only true base.

“Few men are willing to brave the disapproval of their fellows, the censure of their colleagues, the wrath of their society. Moral courage is a rarer commodity than bravery in battle or great intelligence. Yet it is the one essential vital quality for those who seek to change a world which yields most painfully to change.”
- Robert F. Kennedy

Allen L Roland

http://allenlrolandsweblog.blogspot.com/2011/08/obama-going-down-with-dow-obamageddon.html

Freelance Alternative Press Online columnist and psychotherapist Allen L Roland is available for comments, interviews, speaking engagements and private consultations ( allen@allenroland.com )

Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website allenroland.com He also guest hosts a monthly national radio show TRUTHTALK on www.conscioustalk.net

American Dream Has Become Nightmare / Is Fascism Near ?

AMERICAN DREAM HAS BECOME NIGHTMARE / IS FASCISM NEAR ?

The American dream has become a nightmare of vanquished dreams, lost hope, unrealized expectations and virtually no trust in our political leadership or the top culprit, the Federal Reserve. Fascism could well be near at hand: Allen L Roland The stage has been set for a new American revolution where the people demand truth and transparency as well the change they voted for in 2008 ~ and did not get with Barack Obama. I can feel the general oppressive malaise in the air and it won’t take much to set it ablaze but believe me, it’s there, and you saw its first shot across the bow in the 2008 mid-term elections. The progressives and Independents, who carried Obama to victory in 2008, feel betrayed, disenfranchised and used by President Obama ~ who still doesn’t realize that this incredible Democratic defeat in November was a referendum on himself and his failure to exercise his mandate of change. Pelosi has become the scapegoat for Obama’s inability to take a principled strong stand for true change. To put it simply, the Corporatocracy ( Oligarchy ) rules and Obama answers to them and not the American people. I have never seen so many people so disappointed with our political leadership and these people are the dry tinder for a forest fire of public dissent which began burning on November 2nd and will be seemingly out of control within six months. According to an analysis by Isabel Sawhill and Emily Monea of the Brookings Institution, 10 million more Americans (including 6 million more children) will slip into poverty over the next decade The great American Dream has become a full fledged nightmare and the only man who clearly saw this and fully owned it publicly was the late George Carlin ~ whose video on WHO REALLY CONTROLS AMERICA remains as relevant today as it was several years ago. ( Video ~ Three minutes ) http://www.youtube.com/watch?v=hYIC0eZYEtI&feature=player_embedded We are owned lock, stock and barrel by the Corporatocracy or financial elite and Barack Obama answers to them ~ not you and I and Main Street America. The first step in change is always truth and transparency and the next step is individual action which is soon followed by collective action ~ which eventually will lead to the change many of us voted for and longed for in 2008. Let’s now look at the top culprit of our current economic quagmire in terms of the American dream ~ The federal reserve. Source: The American Dream “ Today, most American students don’t even understand what a central bank is, much less that the battle over central banks is one of the most important themes in U.S. history. The truth is that our nation was birthed in the midst of a conflict over taxation and the control of our money. Central banking has played a key role in nearly all of the wars that America has fought. Presidents that resisted the central bankers were shot, while others shamefully caved in to their demands. Our current central bank is called the Federal Reserve and it is about as “federal” as Federal Express is. The truth is that it is a privately-owned financial institution that is designed to ensnare the U.S. government in an endlessly expanding spiral of debt from which there is no escape. The Federal Reserve caused the Great Depression and the Federal Reserve is at the core of our current economic crisis. None of these things is taught to students in America’s schools today.” President Wilson, who was originally responsible for creating the federal reserve, later regretted that decision for obvious reasons ~ “A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men … [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world–no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.” As such, Truth and transparency should start with the federal Reserve. As David DeGraw correctly writes ~ “ On top of the many financial crimes already committed, their latest swindle is the Federal Reserve’s Quantitative Easing (QE2) program. QE2 is a money printing scheme that is in direct violation of the Constitution. The Constitution explicitly gives fiscal authority to Congress. The Federal Reserve, as a group of unelected global banking interests, cannot enact this policy without the direct approval of Congress. Therefore, Congress must take immediate action to stop this illegal activity, yet they remain completely silent on this usurpation of power. “ And DeGraw correctly concludes ~ “ American’s across the country are waking up completely broke, in debt they will never get out of and their job prospects are dire. The wrecking ball came through once and drove 50 million Americans into poverty. It is about to swing back again and take with it another 50 million of us. Our country has been attacked, looted and burnt to the ground economically. We need to understand that we are in an all out economic world war right now, and we are being viciously attacked without forming any resistance.The people attacking us are only one-tenth of one percent of the population. If we can recognize this fact and organize on common ground, we can win this war. Are you ready to fight back? I’ve made my decision. See you on the frontlines! “ http://ampedstatus.com/we-need-a-rally-to-restore-the-rule-of-law-andor-the-constitution Watch this short video on Quantitative Easing / What the Federal Reserve is up to, and how we got here. http://www.informationclearinghouse.info/article26818.htm Now note the striking similarity of the United States and Germany in the 1930’s with the resultant rise of fascism. In April 2010 Noam Chomsky, the leading leftwing intellectual, warned that fascism may be coming to the United States. “I’m just old enough to have heard a number of Hitler’s speeches on the radio,” he said, “and I have a memory of the texture and the tone of the cheering mobs, and I have the dread sense of the dark clouds of fascism gathering” here at home. “The level of anger and fear is like nothing I can compare in my lifetime,” he said. Chomsky correctly said “the colossal toll of the institutional crimes of state capitalism” is what is fueling “the indignation and rage of those cast aside.” “People want some answers,” Chomsky said. “They are hearing answers from only one place: Fox, talk radio, and Sarah Palin.” Chomsky invoked Germany during the Weimar Republic, and drew a parallel between it and the United States. “The Weimar Republic was the peak of Western civilization and was regarded as a model of democracy,” he said. And he stressed how quickly things deteriorated there. “In 1928 the Nazis had less than 2 percent of the vote,” he said. “Two years later, millions supported them. The public got tired of the incessant wrangling, and the service to the powerful, and the failure of those in power to deal with their grievances.” http://readersupportednews.org/off-site-opinion-section/72-politics/1489-chomsky-warns-of-risk-of-fascism-in-america In summary, fueled by a run away Military / Industrial Complex, the American dream has become a nightmare and the instigators are the Corporatocracy and a secretive Federal reserve in service to Wall Street and the financial elite. As Chomsky points out ~ we are not far away from a Fascist politico-economic system with a total corporate determination of economic, fiscal, and regulatory policy. If you’re not concerned, you’re on life support ! Allen L Roland http://allenlrolandsweblog.blogspot.com/2010/11/american-dream-has-become-nightmare-is.html Freelance Alternative Press Online columnist and psychotherapist Allen L Roland is also available for comments, interviews, speaking engagements and private consultations ( allen@allenroland.com )

Weblog: http://allenlrolandsweblog.blogspot.com Website: www.allenroland.com ONLY THE TRUTH IS REVOLUTIONARY