Credit: John Tenniel

by Greg Palast

They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day.

But not this time. Stevie the Rat has a different plan for GM: grab the pension funds to pay off Morgan and Citi.

Here’s the scheme: Rattner is demanding the bankruptcy court simply wipe away the money GM owes workers for their retirement health insurance. Cash in the insurance fund would be replace by GM stock. The percentage may be 17% of GM’s stock – or 25%. Whatever, 17% or 25% is worth, well … just try paying for your dialysis with 50 shares of bankrupt auto stock.

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12 Comments

  1. Unfortunately, we don’t have the money nor the influential people from within our class structure to start our own “think-tank” to discuss how to change our country for the middleclass.
    I found this article that discloses the Biberberger agenda however……

    for more ……http://www.globalresearch.ca/index.php?context=va&aid=13808
    “The True Story of the Bilderberg Group” and What They May Be Planning Now
    A Review of Daniel Estulin’s book

    by Stephen Lendman
    excerpt…
    Bilderberg Objectives

    The Group’s grand design is for “a One World Government (World Company) with a single, global marketplace, policed by one world army, and financially regulated by one ‘World (Central) Bank’ using one global currency.” Their “wish list” includes:

    — “one international identify (observing) one set of universal values;”

    — centralized control of world populations by “mind control;” in other words, controlling world public opinion;

    — a New World Order with no middle class, only “rulers and servants (serfs),” and, of course, no democracy;

    — “a zero-growth society” without prosperity or progress, only greater wealth and power for the rulers;

    — manufactured crises and perpetual wars;

    — absolute control of education to program the public mind and train those chosen for various roles;

    — “centralized control of all foreign and domestic policies;” one size fits all globally;

    — using the UN as a de facto world government imposing a UN tax on “world citizens;”

    — expanding NAFTA and WTO globally;

    — making NATO a world military;

    — imposing a universal legal system; and

    — a global “welfare state where obedient slaves will be rewarded and non-conformists targeted for extermination.”

    Secret Bilderberg Partners

    In the US, the Council on Foreign Relations (CFR) is dominant. One of its 1921 founders, Edward Mandell House, was Woodrow Wilson’s chief advisor and rumored at the time to be the nation’s real power from 1913 – 1921. On his watch, the Federal Reserve Act passed in December 1913 giving money creation power to bankers, and the 16th Amendment was ratified in February creating the federal income tax to provide a revenue stream to pay for government debt service.

  2. This book tracks very much with my personal experience…

    http://solari.com/blog/?p=96

    I think you may find it useful if you have not read it yet.

    I would say that about 5% are fundamentally psychotic, 20% go along for a combination of fear and benefits and the rest can’t fathom what is happening and the more invisible and dangerous the system becomes the more they act based on fear, financial incentives and manipulation. What the 5% have found is that the most profitable systems are those which give people a positive cover story for their pain, manipulation, lack of freedom.

    This is one of the reasons that transparency is so powerful. We are like a large family that has been living in the dark for decades. Quite a shock if the lights should get turned on.

    So, ask the question, where do we want to go? Then ask the question, what is the most profitable way to get there? Then ask the question, what is the most profitable way to get everyone else supporting us getting us there? Then ask the question, what is the most profitable way to get everyone desiring us getting there? And so forth.

    It is a bit like livestock management.

  3. Catherine,

    That’s an interesting perspective. I’d always perceived that it is the sociopaths that are running the show at various levels, and are simply doing what sociopaths do, that is to grovel at the feet of higher power while striving for more power themselves. Are you suggesting that some don’t fall into the sociopath-camp, and are actually in positions of power (part of ‘the technocracy’) but are only going along out of fear of some kind? If you’re suggesting the latter, then any gut-level insight into what percentage fall into this fear-camp versus the sociopath-camp? And I wonder what action(s) can be taken to lesson the reluctant-technocracy’s fear?

  4. Doug:

    That is a good one. We posted it in Top Picks. There are so many good ones, perhaps some of these get buried.

    Bert:

    This is a two sided coin. I think perhaps the fear is invisible — the economic, financial and even physical dangers of not playing ball are very real. So things like magical thinking are made available to help people find a positive way of going along with something that deep down in side they chose out of fear.

    Catherine

  5. Is Larry Summers taking kickbacks from the banks he’s bailing out?

    Last month, a little-known company where Summers served on the board of directors received a $42 million investment from a group of investors, including three banks that Summers, Obama’s effective “economy czar,” has been doling out billions in bailout money to: Goldman Sachs, Citigroup and Morgan Stanley. The banks invested into the small startup company Revolution Money, right at the time when Summers was administering the “stress test” to these same banks.

    A month after they invested in Summers’ former company, all three banks came out of the stress test much better than anyone expected—thanks to the fact that the banks themselves were allowed to help decide how bad their problems were. (Citigroup “negotiated” down its financial hole from $35 billion to $5.5 billion.)

    The fact that the banks invested in the company just a few months after Summers resigned suggests the appearance of corruption, because it suggests to other firms that if you hire Summers onto your board, large banks will want to invest as a favor to a politically connected director.

    Last month, it was revealed that Summers, whom President Obama appointed to essentially run the economy from his perch in the National Economic Council, earned nearly $8 million in 2008 from Wall Street banks, some of which, like Goldman Sachs and Citigroup, were now receiving tens of billions of taxpayer funds from the same Summers. It turns out now that those two banks have continued paying into Summers-related businesses.

    http://www.truthdig.com/report/item/20090530_is_larry_summers_taking_kickbacks_from_the_banks_hes_bailing_out/

  6. A close friend is currently writing a history book on Lincoln and the forces behind the civil war. Let’s just say that there is a tonne of evidence to show that these same SOB’s were working insidiously behind the scenes to screw this country then.

    I think our Founders must have really pissed-off the British elite, because this is not just about destruction of the USA, this is a personal vendetta. They’re after Huxley’s Brave New World, and they have no plans to stop until they get it.

    Having recently delved into Paulo Freire’s material, I see he understood this paradigm of “magical thinking” that the population seems to be in.. a dynamic that’s allowed the elites to push us into war in the Middle East, close-down our domestic military, enact draconian “anti-terrorism” laws, pass gut wrenching economic packages such at GATT, etc. To stop the trend we must migrate sufficient numbers away from “magical thought” to “critical consciousness”, a state where people can accurately perceive social, political and economic contradiction and take action against the oppressive elements of reality. Unfortunately, we’re battling against a comprehensive culture media complex that has scientifically engineered programs to retain this “magical thinking” paradigm indefinitely.

  7. When I came out of the Bush Administration in 1990, I thought it was an emergency. I worked night and day to come up with a plan, an alternative. Then, in 1998, when it was clear that the leadership had decided to destroy my efforts and rather to do this — wipe out America — and that most everyone was eagerly going along, I tried to warn my family, friends and anyone who would listen. Literally, most people could not fathom what I was saying.

    I remember one day when I woke up and realized that most people literally could not fathom the extent of what had been planned for us and so I needed to calm down. This was a long distance run.

    In 1999, a very smart investment manager came to have lunch with me. We compared numbers. He said, but if all of this is true, the only logical exit plan is significant depopulation in the US.

    I said yes, unless we integrate significant technology that has been kept in the labs and/or radically transform the culture.

    I remember reading about a young African=American who saw a highway bridge collapse one night in Connecticut. He ran out into the middle of the road and tried to stop cars. They kept driving and drove off the bridge to their death.

    I know how it feels.

    The more we look at things as they are, the more opportunity we have to gather real power.

    Which is why we love you Bert!

  8. This is getting pretty damn hard to watch, even for a cynical SOB like me 🙁

  9. Well…..they aren’t going totally bankrupted, they will still be making 4 automobiles. And the Citi Bank and JP Morgan can not by law take company employees 401K’s and use it to pay back the loans that GM owes the banks.
    Again, though its appears that our government is more concerned about bailing out the Citi Bank and JP Morgan than they are about keeping 21,000 jobs.
    I had to laugh, when President Obama said, “Well I gave them 60 days to refit their factories with energy efficient cars and the time is up!”…..how does he think that a huge factory could tool and die a new energy efficient car in 60 days!!!!!!!!!!!!!!!!!!!! Of course, they haven’t been working on it like they should have for the past 10 years! Like GM CEO said…the market was in the Hummers and the Cadillac Escalade, that was were the profit was for them and the thought the supply and demand too. Well, for the rich maybe but not for the middleclass….who of us who work in this country can afford a car that cost as much as house used to?????????????
    For the past 20 years I’d drive a subdivision where they were building half million dollar houses and I asked……..who are those people that will be able to afford one of those houses and where do they work?????????????????????????
    I knew there was a trip being played on the working class in this country for years…….I didn’t know that the government and the corporations had it all planned.
    Even the crashes are helping them ………their pocket books……but we are being screwed royaly!@

  10. Speaking of more rats,

    On May 28, 2009, Jeffrey Taylor, the U.S. Attorney for the District of Columbia, resigned to take up a position with the accounting firm Ernst & Young. A former counselor to two ethically-tainted Attorneys-General, John Ashcroft and Alberto Gonzales, Taylor has held the position of interim U.S. Attorney since 2006 because his nomination never moved out of the Senate Judiciary Committee. Although Taylor withdrew his nomination last September, he continued to serve as U.S. Attorney for the nation’s capital during the first four months of the Obama administration.

    To say that Taylor lorded over a U.S. Attorneys office that was driven by politics over integrity and ethics would be an understatement

    Taylor’s major role was to declare “case closed” for a number of high-profile investigations that the Bush-Cheney administration did not want to see pursued further. Taylor declared U.S. Army Medical Research Institute for Infectious Diseases (USAMRIID) scientist Dr. Bruce Ivins single handedly carried out the post-9/11 anthrax attacks that saw Congress traumatized into passing without debate the draconian Patriot Act. Although there was and continues to be a wealth of evidence pointing to other culprits in the anthrax attacks, Taylor, with a straight face, stated on August 6, 2008, “Based upon the totality of the evidence we had gathered against him, we are confident that Dr. Ivins was the only person responsible for these attacks.”

    Of course, Taylor took the opportunity to close the anthrax case because of a fortuitous occurrence for the Bush-Cheney administration: Ivins had allegedly committed “suicide” on July 29, a little over a week before Taylor’s announcement that Ivins was their guy all along. The reported cause of Ivins’ death was an overdose of Tylenol with codeine. Of course, no autopsy was performed. …

    Taylor will now be heading up something called the Fraud Investigation & Dispute Services (FIDS) area within the Americas Assurance practice at Ernst & Young…., i.e. CIA.

    http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=103&topic_id=452970

  11. like an abandoned building, or auto plant, rats seem to be ubiquitous!

  12. Some more Government Sachs rat fodder,

    The new Yankee Stadium is ready for Primetime, and a revamped menu will greet fans small and LARGE.

    Last we knew Centerplate struck out – not getting the renewal for the newly built Stadium, which crushed the stock of (at the time CVP-AMEX traded) Centerplate:

    But little did we know the new vendor would have ties to the shadowy organization known as Goldman Sachs (GS-NYSE):

    Besides traditional ballpark fare, yes, Cracker Jacks included, concession stands will serve sushi, hot-pressed Cuban sandwiches and garlic fries among other treats.

    Legends Hospitality, the company founded by CIC Partners, Goldman Sachs, the Yanks and the Dallas Cowboys, led a tour and sampling of the ballpark concessions Wednesday, April 15, 2009.

    For Legends it’s all about serving a wide range of ball park fare fresh and hot. The company has spent four months training its staff of about 3,000 in cooking and customer service, according to Senior Vice President Mike Phillips.

    Legends should have an opportunity to feast on fans’ appetite for its food. Centerplate, the Yankees’ former concessionaire, took home $70 million in 2007 from its deal with the Bombers. The new stadium features 444 point-of-sale stands, compared with 298 in the old ball park

    http://www.1440wallstreet.com/index.php/site/comments/goldman_infiltrates_yankee_stadium_food_concessionaire/

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