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Klein Takes New Role Exposing "Hidden Agenda" of Trump's Disaster Capitalism


#1

Klein Takes New Role Exposing "Hidden Agenda" of Trump's Disaster Capitalism

Lauren McCauley, staff writer

Activist and author Naomi Klein, whose 2007 book The Shock Doctrine gave rise to the idea that politicians will exploit crises to further grab power and push forward a "radical pro-corporate agenda," as she put it, is now charged with monitoring the "shocks of the Trump era" from her new post with First Look Media's investigative outlet The Intercept.


#2

Seeking the truth will topple the evil emperor's cabal and I thank The Intercept and Naomi Klein for their pursuit of transparency while unmasking/pulling back the curtain on the Trump tyranny.


#3

Complimentary to the work of Klein, the Intercept et al - a conversation from Jan 28 between Chris Hedges and Alan Nairn
unlimited freedom to pollute
gov't subsidies to the reach
domestic repression of Black and Indigenous advocacy

a call to study repression that has been exercised abroad in order to to know the terrain of a right wing takeover to be accomplished in the first 100 days


#4

The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, is an act which repealed part of the Glass-Steagal Act of 1933. It opened up the market among banking companies, securities companies and insurance companies. The Glass-Steagall Act prohibited any one financial services institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. It was enacted to protect, the economy, banks and account holders from the dangerous financial speculations that caused the Great Depression of 1929.

The Gramm-Leach-Bliley Act allowed commercial banks, investment banks, securities firms, and insurance companies to consolidate. The law was passed to legalize these mergers on a permanent basis. Historically, the combined industry has been known as the "financial services industry".

Folks, it's all about transferring [legalized stealing] of massive amounts of wealth—mainly from the middle class to the extremely wealthy top 1% of wealth holders.

Much of the supposed wealth that powered the pre-Recession (i.e. pre-2007) boom, was artificial, i.e., those financial derivatives, inflated home values (i.e. inflated equity), credit, etc. Many people took out mostly adjustable rates mortgages (ARMS) based upon the illusory excess equity in their homes. It is also unfortunate that so much income was derived from housing construction, real estate sales, and related industries.

Sad but true, the banks, primarily through mortgage brokers, knowingly sold homes to folks whom they knew would eventually default. They enticed those naiive peoples with ARMs and similar mortgage scams. People were reassured that even in tough times that they had various options as to payment options. Also, they were told that the mortgage holders (e.g. mostly banks) could always later work out some agreeable, revised payment plan with them.

Unconscionably, the mid and upper level executives made obscene amounts of bonuses from the original mortgages. Then, subsequently, they once again earned even more bonuses when they later repackaged and bundled those worthless mortgages and sold them as derivatives to naiive investors, like pension funds, local and state governments, foreign governments, etc.

Meanwhile, because 70% of GDP is domestic spending, the bottom fell out when banks severely tighten credit. What related factor caused the economic implosion? Well, although, for years, the productivity rate had been approximately 5% per year, income did not increase. But, how did consumers afford to purchase all those goods and services? They borrowed money from the banks.

Many global financial leaders were certainly most instrumental in the intentional and methodical schemes and machinations which led to the economic collapse—in the first place.

You heard about "revolving doors," haven't you? Well, far too many of the top governmental posts for positions in the economic, banking, and financial regulatory agencies were filled by the very people who were former heads of these financial industry companies. So, the very people who caused the financial collapse—and profited lucratively as a result thereof—incredibly, were later placed in charge of fixing the problems which they were instrumental in creating in the first place. (Go figure!) It was as like having the fox was guarding the chicken-coop.

These large financial institutions colluded and conspired, among themselves, and with top global government officials, to run a financial scam of epic proportions upon the world. This included the banks, mortgage brokers, investment firms, insurance companies, and the major credit rating agencies.

First, the financial industry extensively lobbied the repeal or weakening of certain “inconvenient,”financial regulatory laws. Then, they ignored many rules of proper risk management. They—aggressively and deceptively—peddled countless sub-prime mortgages, which they knew would ultimately be defaulted upon. And finally,they intentionally bundled those worthless mortgages into complex structured finance packages, which they then unscrupulously and greedily sold to unsuspecting investors.

Such plans could not have been carried out without the complicity or acquiescence of key government officials—whose very job it was to protect us.There was definitely a wide-scale pattern of institutional fraud and deception, which was carried out over a period of years. Their deliberate, greedy, psychopathic schemes and machinations led to a collapse of the world’s economy.

Even the major bonds rating firms such as Moody’s, Standard & Poor's, and Fitch Ratings were among the co-conspirators. Bonds rating firms competed for lucrative business by trying to outdo each other. Sometimes, they unethically provided most favorable ratings, although they full well knew that many of those securities were "toxic".

That said, the POTUS is simply a manager, of sorts. In part, his job is to follow the instructions of certain members of the global elite—for better or for worse. The "ruling class" sets into motion a series of events that fit into 5, 10, 20, and even fifty year plans for a "new world order".

It is ever so easy for the ruling class to take advantage of perceived and actual problems—by introducing solutions that do not truly benefit the public-at-large. Instead, the proffered solutions substantially advance any number of agendas of the “power elite” themselves. It is a classic example of the Hegelian Dialectic: problem->reaction->solution (thesis->anti-thesis->synthesis). It is a great way to persuade the citizenry to accept something that actually is not in their best interest.

"Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety"
—Benjamin Franklin

It's all about social engineering and hegemony.

And, as the Borg (cyborgs) say, in several Star Trek episodes, “Resistance is futile.” After all, the powers-that-be truly believe that this is their world—and we are just in it.

You folks just don't understand this "divide-and-conquer" strategy. The "power elite" uses it to keep the status quo in their favor. Many people are fixated on labels such as liberal, conservative, democratic, republican, etc. Meanwhile, the very wealthy are truly united. Consequently, the gap between the rich and the poor is increasing; the middle class is disappearing.

At the highest levels of decision-making, the Democrats versus Republicans dichotomy becomes blurred, and substantially disappear. Things are not always what they seem, as their ostensible motives conceal their true ones. Practically speaking, it is analogous to playing "good cop/bad cop" in a police interrogation room. In the final analysis, they all serve the same master: the international ruling class ("power elite"). Such real power and control is manifested through the financial institutions; it is largely enforced via the media, national security, intelligence, and military apparatuses. "Divide-and-conquer" strategy takes care of the rest. This inertia is built into the system. So, is it such a surprise that—at the lower levels—the citizenry question little, and effectively "police" themselves?

The cold reality is that the deck is stacked against the ordinary person. Even if a particular group or cause wins a victory against the ruling class, it is actually a hollow or Pyrrhic victory. You can rest assured that—at some point in the future—the global ruling class will take back the value of what they gave away, with interest. Don’t you realize that they can manipulate world affairs to such an extent that you are more than happy to allow the government to take away your rights? Out of fear, you’ll all too willingly give up your rights—even those guaranteed by the Constitution and the Bill of Rights. What a scam!

Those in power will always seek a way to control and dominate—if not one way, then another. Who can say for sure how they will do it tomorrow?

Case in point: The House of Rothschild has been playing these types of manipulative games since the Napoleonic Era. In the long run, they always seem to win. (By the way, Goldman Sachs is actually an Illuminati front.)

"Qu'ils mangent de la brioche" or "Let them eat cake." That is a quote commonly attributed to the Queen of France, Marie Antoinette.

If the common man is able to survive on crumbs and scraps long enough, then there will always be hope—in the midst of despair!


#5

Unfortunately, Glen Greenwald (who is a Brazilian citizen and lives far from the USA) and The Intercept were chief proponents of the "Never Hillary-even-in-critical-states-to-prevent-Trump...who-won't-be-so-bad" meme. The Intercept never produced a single article critical of Trump throughout the long presidential campaign. And Glen Greewald has been peculiarly quiet regarding the right-wing coup in his own country lately. I appreciate their help, but it is a bit late to start criticizing Trump now.


#6

Klein's criticism of Trump will be welcome down here - because her PM sure isn't going to do so - read this and weep:

“the last thing Canadians expect is for me to come down and lecture another country on how they chose to govern themselves”

  • Trudeau, today

We may need to start a major mail/e-mail campaign explaining to Trudeau the idiotic "Electoral college", gerrymandering, and other things utterly strange and foreign to Canadians, and that under such a system, a considerable majority of USAns did not "choose" to be governed by Trump and extremist Republicans.


#7

Kleins forecast is inevitable

The millionaire isn't satisfied until he has grabbed the second million
The billionaire likewise.

The only source of their billions is from ordinary people, It used to be natural resources, oil coal and gas, but now they're running out, so the wealth source is no longer there.

So the new regime is staffed with billionaires intend on grabbing what they cn

But of course all assets derive from hydrocarbon fuels, so the grabbing is going to get more intense as time goes on---but few will understand that the oilparty really is over, and there's not going to be any more.

The book The End of More (Pagett amazon) explains why this is

it offers no solutions though


#8

Trudeau also made it clear that he would avoid all Democrats when he visited the US Congress. In an apparent confusion between the US system and parliamentary systems, he said that he is not going to talk to the party that is "out of power." Of course, the US system does not work like that - it is much more deliberative than the "ruling party way or the highway" of the Canadian/British systems.


#9

I have to agree with you about Greenwald. I thought he did a good job with the Snowden thing but has been a big disappointment when it came to presidential politics. I pretty much ignore him now. I am not a big fan of Klein but once in awhile she makes some good points. Right now I think the people really nailing it are the NY Times columnists Charles Blow and Paul Krugman. Those guys are on fire as you might say. Krugman apparently needed a fascist as president to get back on his game. Blow has just been hitting one home run after another since the election. Amazing vocabulary for describing Trump.


#10

"Predatory capitalism thrives on crisis,"

or

"Conservative greedheads thrive on crisis."


#11

Serious criticism of Clinton's foreign and trade policy was warranted, but it was never tempered by any criticism of Trump and the uniquely toxic mix of fascism and Ayn Randist hyper-capitalism that Trump would open the gates to. The main reason seems to be that both Greenwald, Assange, and many commenters here were under the irrational sway of this tin-foil-hat belief:

"Don't worry; 'The 'Elites' will rig the election so as to never allow Trump to be elected - so he can be ignored."

Assange and Greenwald actually expressed this in interviews.


#12

Seems to me she should be doing the same for her own country's handsome prime minister, Justin Trudeau, who is running a pipeline into the richest salmon river left on earth and plans to build a harbor there as well. Plus a pipeline into the the home waters of pacific whales in the Salish sea of Vancouver.

Not to mention tar sands oil extraction being the worst polluter on Eatth.

Then there's Canadian murders of people in central america for canadian mining companies who want gold and etc... Justin Trudeau is a real anti environmental monster that Canadians Like Naomi should control before he destroys Earth and Canadian democracy in the process.

People in Glass houses relly shouldn't throw stones.


#13

Well, Trump by his lonesome self is a pretty good Shock.

Klein has some good points but is limited in her thinking to "politicians will exploit crises " and will not entertain the deep state actually creating crisis for change and profit

I have said before that Trump is no mistake but part of a larger plan. The immediate objective may be unclear but the long term plan remains unchanged, dismantling rights and living standards (poor people too busy surviving to resist) and global corporate and military control.

Thinking more on The Intercept and Greenwald, I believe Snowden who was former CIA , was part of a psyops to remind people Big Brother is watching so watch what you say on the internet and as a warning to future Whistle Blowers. His being given sanctuary by Russia also serves the Deep States desire to villainize them to gain support for a future conflict.

How else to explain Stones movie Snowden being able to get airtime in US while his Ukraine on Fire seems to be banned in US?

So I am suspicious about Greenwald and his blog, and Kleins reluctance to see disasters as anything but accidents and opportunities reduces my interest in her work.


#14

Yes! The spoooky, spoooooky Deep State! Spooooky spooooky Deeeeep State! They control the horizontal! They control the vertical! They make the random fully deterministic! A single raindrop does not fall on the bald head of the great heroes Vladimir Putin and Bashar Assad without their prior planned consent in their dim rooms in Langley and Ft. Meade!

We and all the worlds peoples are are all helpless blobs of jelly in their hands, so stay at your keyboards and wail and wail at our helplessness, and state of utter zero agency for our own destiny!


#15

Well said


#16

When facts are regarded with disdain, words reduced to slogans, and science confused with pseudo-science then all is lost.

William Casey once said:
We'll know our disinformation program is complete when everything the American public believes is false."?"

Karl Rove : "We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality — judiciously, as you will — we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors . . . and you, all of you, will be left to just study what we do"

You may have never heard of the US Information and Educational Exchange Act of 1948, better known as the Smith–Mundt Act which was enacted to protect the citizens of the United States against propaganda directed from the State department at Foreign audiences

This act was struck down in its old form and "reborn" as the Smith-Mundt Modernization Act of 2012 when Hillary was at the State Dept.
This chang allows the government to Direct propaganda to its own citizens,

Shortly before Obama left office he signed H.R. 5181 which would task the Secretary of State with coordinating the Secretary of Defense, the Director of National Intelligence, and the Broadcasting Board of Governors to “establish a Center for Information Analysis and Response,” which will pinpoint sources of disinformation, analyze data, and to counter propaganda. Nice gift to hand Trump

In short, long before "fake news" became a major media topic, the government was already planning its crackdown on anything they deemed "fake news."

Making their job easier, is the fact MSM is controlled by only 6 entities and one of them just published a report listing 200 websites as Russian Propaganda and being fake news even though many of them report more truth than MSM

Call it what you will, Deep State or not, but both parties are engaging on an Orwellian War on Truth and have been for over 50 years , as we know from Operation Mockingbird .

Heck, propaganda has been used on Americans as far back as WWI was we know well from the Father of Propaganda, Edward Bernays.

Without a firm foundation of Truth and Reality, any hope of Change is doomed. Your disbelief of a Deep State shows you have been well conditioned


#17

They were doing what all good progressives should have been doing. Clinton was a horrible candidate, and they tried to get people to critically look at how horrible she was as a means of avoiding her nomination. She could have actually listened to the left, took their critiques of her and Democrats like her seriously and changed. Those critiques would have made her a far better candidate. Instead, what she did was court the two dozen Republicans that were open to voting for her, proudly touted support from hawkish neocons and war criminals like Kissinger. She arrogantly dismissed most left of center criticism of her, treated the long term structural changes the left wanted (which are long overdue) as unrealistic dreaming and she had no coherent campaign message as far as what to vote FOR. Working people and Millennials that are utterly screwed in this economy? Get real, stop dreaming, Trump is horrible, vote for me. Well, he was and is horrible, but people are struggling (in large part because of policies she has long supported). So, when the two parties nominate such unpopular candidates, the two most unpopular ever, the obvious end-result is a massively low voter turnout. That’s on the DNC and all that supported her, and the DNC can’t even get around to taking responsibility for what it did. As far as Trump goes, they DID cover him (I remember multiple articles on Trump University alone) but what the hell else needed to be said anyway? He was a buffoon that was collapsing at multiple points during the campaign. His approval rating as of the election was under 40% and Clinton outspent him two to one. There were massive scandals that came out that would have doomed any candidate, provided they weren’t running against a train wreck like Clinton. Too bad she decided to stay in her bubble and to not even bother with some states she needed. The ironic thing is that if the candidate that the Intercept wanted was on the ballot, Trump would have been far more likely to lose the election. Nothing is certain, but it is obvious that Sanders was a far better candidate and had better, and more popular, policies. I would have preferred her to Trump, but most of the country either didn’t bother to give a damn or voted for him. Do you see the Democrats critically self-reflecting and learning anything from this whole thing? I don’t, and they can go to hell if they nominate someone like Clinton in 2020. Oh, and why is he a Brazilian citizen? He explained this numerous times.


#18

Let me catch my breath. Yes! Welcome aboard, Naomi. I suddenly got a good feeling that we will be all right. Let me catch my breath, again. And timing couldn't be better. 'Cuz, things seem even weirder than weird with all the fascist shit flying around faster than can be catalogued or even noticed. Like some kind of diversion from noticing something vile and underhanded being puled-off right now under our noses. Something big. Something anti-democrstic. Something. Just saying'. Good that you and the Intercept are working together.


#19

That was chilling. The part about "willing to kill" to force protestors into submission. The "magical marketplace of infinite greed" will be protected. People? Jeez. It's turning into a nightmare existence, here, in America. But people are still "shopping", like there's nothing brewing! Right? Tell me it's not so. We REALLY need to organize, for reals, by direct non-violent actions. No more fun and games. The vultures have come home to roost. We really need to meet one another. The streets, at the protests, where the state may now use live rounds? Holy shit. Any doubt now that we are in deep shit? Protests are a must, if only for us to get to know one another. See you there. Occupy was the call. Trump answered. Thanks to Chris and Alan and OG.