Tag: Wall Street
The American Way
by Jim on Oct.26, 2011, under Politics
My friend Bob sent me this outstanding investment opportunity from Goldman Sachs. Being an all inclusive blog, we share it for your perusal and action. Enjoy!
A Letter from Goldman Sachs
Concerning Occupy Wall Street
NEW YORK (The Borowitz Report)– The following is a letter released today by Lloyd Blankfein, the chairman of banking giant Goldman Sachs:
Dear Investor:
Up until now, Goldman Sachs has been silent on the subject of the protest movement known as Occupy Wall Street. That does not mean, however, that it has not been very much on our minds. As thousands have gathered in Lower Manhattan, passionately expressing their deep discontent with the status quo, we have taken note of these protests. And we have asked ourselves this question:
How can we make money off them?
The answer is the newly launched Goldman Sachs Global Rage Fund, whose investment objective is to monetize the Occupy Wall Street protests as they spread around the world. At Goldman, we recognize that the capitalist system as we know it is circling the drain – but there’s plenty of money to be made on the way down.
The Rage Fund will seek out opportunities to invest in products that are poised to benefit from the spreading protests, from police batons and barricades to stun guns and forehead bandages. Furthermore, as clashes between police and protesters turn ever more violent, we are making significant bets on companies that manufacture replacements for broken windows and overturned cars, as well as the raw materials necessary for the construction and incineration of effigies.
It would be tempting, at a time like this, to say “Let them eat cake.” But at Goldman, we are actively seeking to corner the market in cake futures. We project that through our aggressive market manipulation, the price of a piece of cake will quadruple by the end of 2011.
Please contact your Goldman representative for a full prospectus. As the world descends into a Darwinian free-for-all, the Goldman Sachs Rage Fund is a great way to tell the protesters, “Occupy this.” We haven’t felt so good about something we’ve sold since our souls.
Sincerely,
Lloyd Blankfein
Chairman, Goldman Sachs
Wall Street Update
by Jim on Oct.05, 2011, under Politics
When I wrote about the Wall St protesters on Tuesday, several readers suggested just ignoring them. While I would normally be in favor of this, I see evidence of a more serious problem. These anarchists are attacking the very foundation of our economy: Wall Street. Now we have unions joining in, money and celebrities supporting the protests, college students marching out of classes to create chaos.
Friends, this is not a joke. These people are attempting to bring down what is the greatest economic engine the world has ever known. The financial excahnge is what grows the economy; it is where pension funds and Ira’s and 401 K’s sit; it is the catalyst for new technology; it is where one can go and launch a startup or expand a company. It is the envy of the world, and these people want to bring it down.
Where is the President of the United States? Missing in Action of course. These are his people; his foot soldiers; his election team. I am disgusted beyond belief. Just in case there was any doubt about the demands of these cretins,below is their list for your perusal.
My feeling is Wall Street is a national treasure, like the capitol and congress. It should be defended at all costs. If that means using troops to protect access and ensure stability and continuous operation, so be it. These people are attempting to do what the terrorists tried on 9/11. However the terrorists were stopped. Now we have growing support for these anarchists. This is not the America I was raised in. They are spouting the policy of Marx and Obama. They hate success. Read their manifesto. Worse yet, this is what the community organizer brought our country to.
Occupy Wall Street demands
Demand one: Restoration of the living wage. This demand can only be met by ending “Freetrade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.
Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors.
Demand three: Guaranteed living wage income regardless of employment.
Demand four: Free college education.
Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.
Demand six: One trillion dollars in infrastructure (Water, Sewer, Rail, Roads and Bridges and Electrical Grid) spending now.
Demand seven: One trillion dollars in ecological restoration planting forests, reestablishing wetlands and the natural flow of river systems and decommissioning of all of America’s nuclear power plants.
Demand eight: Racial and gender equal rights amendment.
Demand nine: Open borders migration. anyone can travel anywhere to work and live.
Demand ten: Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observers system.
Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the “Books.” World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the “Books.” And I don’t mean debt that is in default, I mean all debt on the entire planet period.
Demand twelve: Outlaw all credit reporting agencies.
Demand thirteen: Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union.
These demands will create so many jobs it will be completely impossible to fill them without an open borders policy.
Wall Street
by Jim on Oct.04, 2011, under Politics
Regular readers of the Jasper Journal will notice that we have been off line for a week. The reason was the celebration of the wedding of my only daughter. It was a truly special day for all and we could not be more proud of this young couple starting out together with the love of family and friends behind them. Many of our readers were at the wedding, some coming from great distances, and I want to thank you all for lending your support and well wishes.
While I was gone however, I noticed something bizarre happening in my former hometown of New York City. Mobs of protesters dubbing themselves ” Occupy Wall St” have turned the financial district into a circus. This protest is going into its third week and to listen to the participants, it is a regular litany of every socialist, anarchist, anti capitalist harangue around. They are against greed, wealth, success, for income redistribution, and have targeted the so called rich and Wall St bankers for their most vicious attacks. It is really a disgrace.
I put the blame for these attacks directly at the feet of the Obama administration. He has made it ”cool” to go after the rich, the successful, bankers, industrialists, oil companies. This is the way of the community organizer. At first I didn’t think that Obama was really against the capitalist system. I have changed my mind. He is for income redistribution, government controls, socialistic policies, and a statist government. These protesters are his army.
He blames Wall St for every ill in the country. He blames the rich for the fact the economy isn’t turning around. He calls them greedy for wanting to keep their money. Today I read that Move -On . Org, an arm of the Obama reelection campaign is attempting to usurp these demonstrations for the president. Do we need more proof that these people want to change our very way of life?
Has this president ever talked about American exceptional ism? Or The successes of the great industrialists who made this country the economic engine of the world? Or the fact that Wall St is vital to our way of life? It embarrasses him and does not fit his world view.
As I have written previously, it is so ironic that democrats like Barney frank, Chris Dodd, Maxine Waters and others helped cause the economic collapse in 2008. The despicable Dodd-Frank regulatory bill that came after it, is guaranteed NOT to enable lending institutions to loan money.
When you see these unwashed anarchists on the news, remember that they are not alone. They are the street army of the Democrat establishment. Ignore them at our own peril. Wouldn’t it be great if the president actually gave a speech supporting the capitalist system? That is NEVER going to happen!
It’s good to be back; the fight continues.