Reply #8: What we are seeing is a Financial Oligarchy ..run by a few with all the power over all of us. [View All]

[flyarm]

What we are seeing is a Financial Oligarchy ..run by a few with all the power over all of us.

as i posted elsewhere today...from my journal:


What we are seeing is a Financial Oligarchy ..run by a few with all the power over all of us.
Posted by flyarm in Latest Breaking News
Mon Jul 20th 2009, 01:11 AM
Look who Obama has appointed to his Executive Branch...and their memberships to elite groups.



Timothy Geithner, Secretary of Treasury..former Pres of the Federal Reserve Bank
Bilderberg Group, Trilateral Commission, CFR

Ambassador to UN Susan Rice..Trilateral Commission

National Security Advisor, Gen James L. Jones: Bilderberg Group, Trilateral Comm, CFR

Deputy National Security Advisor, Thomas Donilon: CFR

Special State Dept Speical Envoy, Henry Kissinger: Bilderberg Group, Trilateral Commission, CFR

Chairman of Economic Recovery Committee, Paul Volcker: Bilderberg Group , Trilateral Comm., CFR

Larry Summers:

http://en.wikipedia.org/wiki/Lawrence_Summ ...


There are powers at work invested in marginalizing the truth tellers, they try to divide us and sub- divide us to take us into a financial Oligarchy..don't let them!

snip:
As Treasury Secretary, Summers led the Clinton Administration's opposition to tax cuts proposed by the Republican Congress in 1999. <10> Also during his stint in the Clinton Administration, Summers was successful in pushing for capital gains tax cuts. During the California energy crisis of 2000, then-Treasury Secretary Summers teamed with Alan Greenspan and Enron executive Kenneth Lay to lecture California Governor Gray Davis on the causes of the crisis, explaining that the problem was excessive government regulation.<11> Under the advice of Kenneth Lay, Summers urged Davis to relax California's environmental standards in order to reassure the markets.<12>

Summers hailed the Gramm-Leach-Bliley Act in 1999, which lifted more than six decades of restrictions against banks offering commercial banking, insurance, and investment services (by repealing key provisions in the 1933 Glass-Steagall Act): "Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century," Summers said.<13> "This historic legislation will better enable American companies to compete in the new economy."<13> Many critics, including President Barack Obama, have suggested the 2007 subprime mortgage financial crisis was caused by the partial repeal of the 1933 Glass-Steagall Act.<14>


snip:

National Economic Council
In 2009, he was tapped by President Obama to be the director of the White House National Economic Council<1><31>. He has emerged as a key economic decision-maker in the Obama administration, where he has attracted both praise and criticism. There has been friction between Summers and former Federal Reserve Chairman Paul Volcker, as Volcker has accused Summers of delaying the effort to organize a panel of outside economic advisers, and has cut Volcker out of White House meetings and has not shown interest in collaborating on policy solutions to the current economic crisis. <32> On the other hand, Obama himself was reportedly thrilled with the work Summers did in his first few weeks on the job. And Peter Orzag, andother top economic advisor, calls Summers "one of the world’s most brilliant economists." <33>

In January 2009, as the Obama Administration tried to pass an economic stimulus spending bill, Oregon Democratic Representative Peter DeFazio criticized Summers, saying that he thought that President Barack Obama is "ill-advised by Larry Summers. Larry Summers hates infrastructure." <34>. DeFazio, along with liberal economists including Paul Krugman and Joseph Stiglitz, has argued that more of the stimulus should be spent on infrastructure,<35> while Summers has supported tax cuts.

Summers has recently come under fire for accepting perks from Citigroup, including free rides on its corporate jet last summer.<36> According to the Wall Street Journal, Larry Summers called Chris Dodd asking him to remove caps on executive pay at firms which have received stimulus money, including Citigroup. <37>

On April 3, 2009 Summers came under renewed criticism after it was disclosed that he was paid millions of dollars the previous year by companies which he now has influence over as a public servant. He earned $5 million from the hedge fund D. E. Shaw, and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money.<38>

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and From an April post of mine here at DU: and please, don't believe me click the link..it was in the CFR publication!!!!!!!!!!!!!

Remarks by National Security Adviser Jones at 45th Munich Conference on Security Policy

Published February 8, 2009
Speaker: James L. Jones


U.S. National Security Adviser Jones ( edit to add: new advisor hired by Obama!!!!) gave these remarks at the 45th Munich Conference on Security Policy at the Hotel Bayerischer Hof on February 8, 2009.

"Thank you for that wonderful tribute to Henry Kissinger yesterday. Congratulations. As the most recent National Security Advisor of the United States, I take my daily orders from Dr. Kissinger, filtered down through General Brent Scowcroft and Sandy Berger, who is also here. We have a chain of command in the National Security Council that exists today.


Source: http://www.cfr.org/publication/18515/remar ... ...