If your intention is to drain the swamp, then it’s probably not a good idea to put an alligator in charge of the water level control valve. MAYBE that particular alligator is going to be a traitor to his brethren, but that’s not the way to bet. MAYBE Trump is crazy like a fox, and he put the alligator in charge of the water level to distract the other alligators while he takes on the pythons. But up til now we haven’t seen him to display a particular skill at subtle maneuvering.

It would have been a lot easier to believe it if it wasn’t just the usual parade of sharks from what’s universally considered to be the most dangerous gang on Wall Street.

For simplicity purpose one is doing what he is accustomed to do. If one is trained to invent various financial instruments and basically play numbers around I find it highly improbable for this person suddenly turn into industrial revival organizer.

I am not sure about US military , but in Soviet military schools people also received engineering degree and many civil engineers were drafted hence in this case you are right.
But in any case, people tend to do what they were trained to do and along with experience they received thereafter. Guys from Goldman hardly have any applicable education or experience background to organize US industry come back. They have great experience in dismantling US industrial potential , that’s true.

Those people know only two things. How to run Ponzy schemes and play shell games with accounting.

Well, I might agree (for simplicity’s sake) that Goldman, the institution, does these things. But that doesn’t mean that everyone who worked there at one time or another only knows these two things.

It’s like one might say that the army only knows how to kill people and destroy property. True enough. But someone who was in the army might be a brilliant mechanic, or talented manager, or communications expert.

Those people know only two things. How to run Ponzy schemes and play shell games with accounting.
Were Trump serious about bringing manufacturing back he would employ different folks.
The best thing is to wait for 4 years and see.
From the looks of it USA economy is a very large bubble waiting for a prickle to deflate and no amount of efforts by Trump is going to bring manufacturing back. it is gone. It took virtually decades to destroy it and it is far harder to build then to destroy.

So, although the reinstatement of Glass-Steagall was part of the 2016 Republican election platform, it’s likely to prove just another of Trump’s many tactics to gain votes.

That’s an interesting viewpoint that is supported by the contradictions between his pre-election statements and post-election actions:

He got elected by opposing the 0,1% and their special interest base – especially the great fortunes based on outsourcing manufacturing and the trillions of QE debt placed on the US public and pocketed by the 0,1% through speculative gains.

He may be moving against outsourcing, but, as the article says, he’s keeping the FED/Treasury “funnel” in place – the banks stay Too Big To Fail, speculating investment banks still have access to retail deposits, and they can still use SEC approved 30x leverage, so everything is set up in exactly the same way as it was in 2008, and presumably, when the next banking crisis arrives, it will be dealt with by the same people in the same way.

This more or less guarantees that the next crisis will be met with a flood of QE money to show everyone that financial sector is OK and recovering, while in reality the US has the same structural problems as always, with the US public going further into debt and the “liquidity” finding its way (once again) into the pockets of the 0,1%.

So if Trump isn’t going to do anything, and may in fact make the situation worse by provoking a $Trillion war with Iran (more likely every month despite his key campaign promise “No more useless MENA wars”) what could stop this cycle?

The answer may lie in QE and the article could have usefully explored the limits of public debt.

There’s an argument that the US has just about reached its limit, and this is in a very (artificial) low interest rate environment. At a more historically normal rate of 4 or 5% the US government probably couldn’t make interest payments (given non-discretionary spending) without an extra QE program specifically designed for the purpose (borrowing to pay the interest) – which is guaranteed to be inflationary even in the most depressed economy (e.g. Germany 1920).

If more QE is just going to feed into inflation and the depreciation of the US dollar, then no doubt team Goldman Sachs and the 0,1% would be the first to see it coming, and would be well placed to get their hands on the remainder of the public’s real assets than they don’t already own.

They may well follow the ground breaking Weimar System and award themselves giant loans to purchase whole swathes of real US assets (real estate, corporations etc.) to be paid back in what the German public came to call “confetti money”. It’s just one possible scenario, but may be realistic since it would offer Wall St. (once again) the maximum possibility of private gain at public expense – just through a different mechanism.

“Banks are businesses…”
Agree. This is why the $700 billions of QE plus another $600 billions of QE (all these money from the US taxpayers pockets) were wrong; the banksters should have been left to lose their shirts. Instead the scoundrels managed to preserve their wealth and even to claw out their bonuses (see above the source of the Quantitative Easing). None of the Wall Street criminals went to prison for wrecking the US economy with the blatant fraud and with numerous violations of all possible regulation.

Where i come from, TDS is “tiny d1ck syndrome”. It makes men act tough and more manly to compensate for their tiny
…. Self esteems…..
Usually accompanied by a raised truck and an over the top sense of manliness.

That is funny, because banks routinely advertise themselves as social welfare institutions. Blankfein knew how important it was to say “we do God’s work” but look closely at any number of non-profit 501(c)(3)’s (Goodwill et al) and you’ll see advertising space dedicated to the bankers – who, unlike what you’re saying, do want the public to perceive them as social welfare institutions. They are partially correct of course.

Well said, but it’s much more sophisticated then that. There are a nunber of former finance workers or spooks who share Nomi’s mockingbird credentials. More well known are Susan Webber (Yves Smith) and more obnoxiously Alexis Goldstein. These authors in particular have created an epic pretense that they are getting the truth out to the public, that they are morally superior to the so-called targets that they disparage. They promote themselves as being on the morally upstanding side of the consumer, all about fairness, and usually promote one party of the other. But it’s all a sham, many of these folks, like the politicians they allegedly criticize, get funding from financial institutions themselves! They work hard to obscure the swindle. There is simply no limit to controlling opposition. It’s ok to loathe Goldman Sachs, rest assured the powers that be encourage it.

You mean other than jacking up international tensions by telephone and threatening to invade Mexico? No, I guess not.

There is only so much Trump can do at once. He can’t start by fighting the banking power. He will be JFK’d. Or maybe we can call it being McKinley’d.

No, he has to consolidate power first. The CIA is full of rats that need poisoning. The FBI is better but not fully trustworthy. The military is full of Obama cucks and MBAs that need replacing. While certainly Trump has supporters in the military — esp among the fighting men — he has to get control over the organs of state power. He is a long way from that yet.

If he does manage to clean house, THEN he can take on the banking power. But he can only do that from a position of dominant strength. It will easily take his first term to get there. For now, he has to go along in order to implement other aspects of his program, and to give himself time.

Meanwhile, if he slashes immigration and puts up some trade barriers he will do wonders for the white working class. He needs to consolidate THAT power as well, to have real people power behind him.

His job makes Hercules cleaning the Augean stables look like a walk in the park. So far, I’m highly impressed with what he’s doing. Give him time. He may yet put a harpoon down the throat of the squid.

Your logic’s off, unless you’re implying that only working at Goldman makes one a shark. It may not

It’s not my logic; this piece is about the people hired by Trump who used to work at Goldman. It’s titled “The Goldman Sachs Effect”. So, now it’s about Prins not liking Mnuchin, and Goldman has nothing to do with it? Weasel much?

As for sharks being “what the doctor ordered”, Prins warns that the Trump crew look set to strip the economy bare not fix it.

Right, because they used to work at Goldman. As did she. Which is why I should believe her and not the Trump crew. Confusing, no?

Yes Jacques, I know you are suffering from Trump Derangement Syndrome. It’s been obvious for a while.

What needs to be said about this was already said by PCR:

…. I am encouraged by the One Percent’s opposition to Trump, or we have just experienced the greatest ruse in history. Indeed, a pointless ruse, as the Establishment had its candidate in Hillary…. – “Can Trump Deliver?” — Paul Craig Roberts, 31.01.2017

“Irony isn’t a concept with which Donald J. Trump is familiar.” Prins starts with an arrogant insult.

And you know what? From what she says there it follows that Trump is NOT engaged in a deliberate conspiracy.

She is so anti-Trump, she’s tied herself in a logical knot in the very first sentence. Of course, if faced with this comment, she’d respond she meant it not literally – bullshit.

Nice informative post Art. May 31, 2016 Who Are The Rothschild’s, A Look Into The Corporate Dynasty

Who are the Rothschild Family? This wealthy and influential family has funded wars, and helps sculpt the face of history. The 300 year old family line has become a corporate family dynasty, their wealth and influence are incalculable.

Here is the problem – the Rothschilds. It is so bad that NO mainstream media anywhere in the world will report their wealth. The world needs an accounting of all that they own and control.

Investopedia estimates the family’s total wealth at over $2 trillion in assets and holdings, including some of the world’s oldest living corporations:

“…their holdings span a number of diverse industries, including financial services, real estate, mining, energy and even charitable work.There are a few Rothschild-owned financial institutions still operating in Europe, including N M Rothschild & Sons Ltd in the United Kingdom, and Edmond de Rothschild Group in Switzerland. The family also owns more than a dozen wineries in North America, Europe, South America, South Africa and Australia.” [Source]

At $2 trillion plus, the family’s reported wealth is closing in on five times as much as the combined wealth of the world’s top 8 individual billionaires, meaning that the Rothschild family alone controls more wealth than perhaps three-fourths or more of the world’s total population.

http://www.wakingtimes.com/2017/01/20/rothschild-family-wealth-five-times-worlds-top-8-billionaires-combined/

“Irony isn’t a concept with which Donald J. Trump is familiar.” Prins starts with an arrogant insult. Right, she’s smart but Trump’s a moron who is not familiar with an ordinary idea. She’s cleverly cozied up to the Trump haters.

Her thesis is that Trump’s GS appointees “are likely to control the economy for years to come” and are sharks, and we, the people, will be the victims. These are just her assertions. She doesn’t back them up well and there are other possibilities. Trump picks heavyweights who are loyal and patriotic and who’s beliefs align with his. There’s no reason to think these appointees are any different. Trump must have had his reasons for choosing them. He doesn’t show his cards.

He says the economy will be run for ordinary people, and I put a lot more credence in him than in two-bit writer Nomi Prins.
Trump didn’t need GS money to get elected and is not beholden to them. He is not a bought and paid for puppet like Bill Clinton,W, Obama, and Hillary were. I think Trump will be the boss, not GS. He’s the real deal, a man of his word, and not a politician.

As Trump stood with his Supreme Court nominee last night he said he is a man of his word, and he continues to prove it every day …

Now that’s a hoot.

He sez all kinds of stuff. Seems to just throw it out there mostly for grins. He seems to know that people will hear what they want to hear and ignore the rest.

In that sense, he may as well have ripped a page right out of Marx’s playbook.

“ It’s possible that I shall make an ass of myself. But in that case one can always get out of it with a little dialectic. I have, of course, so worded my proposition as to be right either way.”

Karl Marx, Letter to Friedrich Engels, dated 15 August 1857

It’s funny (strange, not ha-ha) when a borrower defaults on their mortgage, and the lender (as a last resort) takes possession of the collateral by foreclosure, the lender is nefariously characterized as kicking people out of their home. Banks are businesses, not charitable social welfare institutions.

Funny (strange, not ha-ha) how bankrupt banks more often than not get bailed out rather than getting kicked out of business. Yeah, funny (strange, not ha-ha) how that works.

I think that calling banks businesses is pretty charitable. Today the big ones, at least, are more accurately described as money grubbing, government supported loan rackets.

It’s funny (strange, not ha-ha) when a borrower defaults on their mortgage, and the lender (as a last resort) takes possession of the collateral by foreclosure, the lender is nefariously characterized as kicking people out of their home. Banks are businesses, not charitable social welfare institutions.

So IOW, nothing has happened.

Wait for it. Bannon is now on the NSC. See what happens next.

Anybody writing about banking ( not about our regular mom and pop type old county bank and they are gone anyway ) has to breathe and live there for a while to rat them out .

True.

I know two bankers, one middle aged and one nearly 70. Both good guys, but it’s shocking how clueless they are regarding history and politics. They seem baffled even about the politics of banking even though are/ have been successful in their fields.

Right. It takes an insider who was part of the scam to see the light and become a hero. Usually after retirement, they then decide to write about the horrible swindles. The spooks at Tom’s Dispatch, some of them studied how to kill people from airplanes for most of their lives, but now they work to deliver the truthiness about peace to the readers. Chris Hedges worked at the newspaper that started the Iraq war, drew a paycheck, and wrote articles about it, but he was, you know, really a “rebel” at the time. Takes one to know one, you betcha. Tell us about the mafia Nomi, we’re ready to believe you.

Do tell, what have they done during Trump’s admin.?

Good knowledgeable post Max Havelaar and this is another good informative video as well.

Nov 22, 2013 Thomas DiLorenzo – The Revolution Of 1913

From the Tom Woods show, Loyola economics professor Thomas DiLorenzo discusses three events from 1913 that greatly escalated the transmogrification of America from the founder’s vision (limited government) to its current state (unlimited government).

“Actually, Goldman Sachs ‘Hacked’ the Election.”

I respectfully disagree with the above point.

First of all, Goldman Sachs Group (GSG) wields the power to render US presidential “elections” into an actual process of elimination of candidates who will defy Goldman Sachs financial needs. Thus the final two (2) Democrat & GOP POTUS candidates have successfully undergone a GSG purification-approval Test, and 21st century American voters don’t bicker very long about other alternatives that get thrown by the way side.

I liked this article very much, but I had hoped the author would have addressed how Goldman Sachs Group is putting pressure upon China’s leadership to allow them to indulge investments without having to carry the burden of Chinese partners. Also, to great US populist fanfare, as President Trump squeezes President Nieto’s to kick in to build his trademark wall, Goldman Sachs Group and China were awarded huge energy transfer (pipeline) contracts on mainland Mexico.

So all and all, I am disappointed how easy it was for successive US administrations & the Zionist Big 3 Media to coordinate and establish a national “cognitive dissonance” within the minds of Americans.

For one example, “Hooray… candidate Donald Trump exposed Hillary’s ties with Wall Street!”
After the inauguration, “Oh f*#uck… President Trump appointed Goldman Sachs vets Steve Mnuchin as Treasury Secretary and Gary Cohn as… oh shoot, I forget Cohn’$ cabinet title.

I feel that Americans could potentially either loosen or shed their Zionist (G.S.G.) chains by understanding the mass anti-comprehension influence of “cognitive dissonance” as practiced daily by the Corporate Media. Please consider reading Jon Rappoport’s (no cost) insight & antidote, below?

https://jonrappoport.wordpress.com/2015/02/24/the-news-mind-control-through-cognitive-dissonance/

Great ending: ..the blood will your own!

Funny but true: thanks to the FED’s unlimited money creation and bank deregulations the Wallstreet crime syndicat is booming at the cost of the large majority in the world.
(Killing the host: Michael Hudson/Gailbraith)

History is repeating: the morality of greed & controll from the ruling elitists (US billionaires, EU kings, queens, generals, colonals) is unchanged for centuries: nation building and eternal war’s for elitist profit.

A TRUE DEMOCRACY REQUIRES PARLEMENTARY CONTROLL OVER THE MONEY CREATION PROCESS TO ATTAIN FULL EMPLOYMENT.

If not so, like now, Amschel Bauer Rotschild get’s his money power and corrupts the body politic (confirmed by M. Friedman: capitalism and freedom).

All war’s are bankers wars (Rivero).

And Bill Still’s monetary solution: No national debt!

It’s rampant naked capitalism and corruption.

The last three appointees to the position of Undersecretary for Terrorism and Financial Intelligence in Treasury (Stewart Levey, David Cohen, Adam J. Szubin) were Zionists. How convenient for Israel that these sayanim hold the office that imposes sanctions on Iran. The position seems to be a zionist birthright. David Cohen moved on to be Deputy Director of the CIA (Mossad must have broken out the Champaign!).

One of the final acts of Obama was to provide a $1 billion dollar guarantee for Blackstone’s rent-backed securities. I assume that guarantee comes from the Treasury Department. Why does a financial parasite deserve a guarantee that will reduce their financing costs? Mnuchin threw homeowners out of their homes and Blackstone is now renting these homes with a subsidy from the federal government.

Prins is another head-in-the-sand moron who ignores the fact that Trump is bringing on board experts with the knowledge and skills necessary to implement his policies. Trump has been doing everything he promised to do without stopping since his inauguration. He has not taken a day off to golf or go on vacation, or have a beer summit like the head plantation nigger. As Trump stood with his Supreme Court nominee last night he said he is a man of his word, and he continues to prove it every day in spite of naysayers like Prins who think up is down and white is black.

Feb 1, 2017 How Government $ach$ Won The (s)Election

After appointing Goldman bankers to head the Treasury and the SEC and key economic advisory positions, it looks like the Trump era will be business as usual for Government Sachs. Today Carey Wedler of TheAntiMedia org joins us to discuss her recent article, “Actually, Goldman Sachs ‘Hacked’ the Election.”

[…] the election campaign, Donald Trump rightly denounced Hillary Clinton for her ties to Goldman Sachs, the predatory Wall Street banking firm, and especially the three $225,000 speaking fees she took […]

“To transfer this version of over-amped 1% opportunism . . .”

misprint for 100%

will read your book, thanx

Nomi Prins:

Thanks for your vital information that helps explain/reveal the true nature of the American Government.

We cannot fail but to notice the Religious links of the majority (almost all), of the Goldman Sachs bankers named by Prins. Indeed the very name of the Banking Conglomerate “Goldman Sachs“… (do I need a verb)?

Prins’ history of the Jewish & Zionist control over American Finance and Government (if only half correct, and it appears to be an understatement), displays just who controls our Nation, and our World.

Our American Republic was overthrown in Dallas, (in a hail of bullets), on November 22, 1963. The fingerprints of MOSSAD, and their junior partner, the CIA were all over the coup d’etat. Recall, the government’s Warren Commission was composed of 8 CIA officers, and Earl Warren, (who likely was also an employee of the CIA).

Prins’ summary: is damning.

“Running for office as an outsider is one thing. Instantly inviting Wall Street into that office once you arrive is another. Now, it seems that Donald Trump is bringing us the newest chapter in the long-running White House-Goldman Sachs saga. And count on Steven Mnuchin and Gary Cohn to offer a few fresh wrinkles on that old alliance.”

What don’t we know? The American elections are Hollywood Productions. The candidates are carefully chosen, and the votes carefully counted. Democrap or Republicrap; Green, or Libertarian; all are controlled; all work for the man (as we say in Brooklyn). The fix is in; It has almost always been in. The few Presidents who stepped out of the box suffered untimely deaths.

We can wait for someone to “come from the skies, Take away everything And make everybody feel high.” Bob Marley

Or we can “Get up, stand up.” Bob Marley

The elections, and American politics are fixed, until we “Get up” and fix our Republic. No one, or ones, will come magically down from the skies, or from a Casino, or from Kenya (joke), and fix our world, as we passively sit on our brains and watch the televised Mainstream Version of reality, so brilliantly depicted by Orwell in his 1984. Conversely, they will continue to assure the Fix is In, and that our beautiful Nation remains, minus its Sovereignty, at the beck and call of Foreigners, who are, own, and-or control the top 1%.

Either we fight, or we are slaves.

The VISION requires that we restore our Republic (complete with our democratic Rights and Liberties).

Our Republic is naked without Democracy being woven into its very fabric. We cannot have a Republic without Democracy, or Democracy without a Republic. They cannot be separated.

*[The great moral failure of Bolshevism and Fascist/Nazism, is that upon their achieving power, they dispersed (banned) their opposition. The Bolsheviks dispersed the elected Constituent Assembly, and Hitler’s Nazis banned the opposition parties, (Communist, Socialist, and all the others). The dispersals and bans took place – after their assumption of power, and was an unnecessary exercise of power. Power tends to corrupt…]

But I digress. or do I?

God Bless!

“For too long, a small group in our nation’s capital has reaped the rewards of government while the people have borne the cost. Washington flourished — but the people did not share in its wealth.” Under Trump, an even smaller group will flourish…”

Well, that should come as no surprise since N America was mostly colonized by corporations granted special favors by government and the US cornstitution was all about centralizing wealth and power in the hands of a few.

It looks like the anti-Federalists were correct and I’m somewhat happy that a few more people are starting to wake up to the fraud.

Congratulations and welcome aboard. Sometimes it takes a while to figger stuff out. But 2 centuries???

Patrick Henry was correct for boycotting the cornstitutional convention in Philly, saying, “I smell a rat.” But what did some dumb conspiracy theorist like him know anyway?

We are cautioned…against faction and turbulence: I acknowledge that licentiousness is dangerous, and that it ought to be provided against: I acknowledge also the new form of Government may effectually prevent it: Yet, there is another thing it will as effectually do” it will oppress and ruin the people…I am not well versed in history, but I will submit to your recollection whether liberty has been destroyed most often by the licentiousness of the people or by the tyranny of rulers? I imagine, Sir, you will find the balance on the side of tyranny.

The role of these two ex-Goldman guys now working in government is as referee. That is a far different role than as competitor, where one side is winner and the other loser. The author does a great job pointing out that the possibility is very high that these two ex-Goldman execs are going to do what no referee should ever do, and insert themselves into the game on behalf of wall street in a supersized Trumpian way. And that the same risk is at play for the entire Trump administration and for Trump himself, who all have supersized conflicts of interest. If the worst case scenario of what’s brewing here takes hold, the integrity of the entire system could be destroyed.

Washington flourished — but the people did not share in its wealth.” Under Trump, an even smaller group will flourish — in particular, a cadre of former Goldman Sachs executives

Well, you could be right but there isn’t much we can do about it right now, is there. Certainly there’s room to question whether it would have been any better left as it was – and so let’s see what happens. Since he is the democratic choice he deserves to be given a chance and prophesies of doom like this are just unhelpful, serving no purpose.

A lot of people voted Donald Trump BECAUSE they were aghast at the influence Wall Street had on Clinton. Well now they have to chew on what they have done.

Has anyone else noticed the never ending revolving employment door between Wall Street, US Treasury Department, and the Federal Reserve?

Is it naked crony capitalism or is it a mere coincidence?

This article can be best summed up as: “Anyone who worked for Goldman Sachs is an untrustworthy shark. Trust me, I would know, since I used to work for Goldman Sachs!”

it is precisely because nomi prins worked for those big banks that he is qualified to write about this.

you want some retard who knows nothing about the subject matter to write articles about it?

damn, like wtf damn.

and the craziest part, you want sharks to run our govt? where the preys are our own citizens? like wtf.

Your logic’s off, unless you’re implying that only working at Goldman makes one a shark. It may not. Mnuchin seems to have been a “shark” all along. So Prins has nothing to answer for.
As for sharks being “what the doctor ordered”, Prins warns that the Trump crew look set to strip the economy bare not fix it.

Anybody writing about banking ( not about our regular mom and pop type old county bank and they are gone anyway ) has to breathe and live there for a while to rat them out . Their reasons could run into thousands I just need the fact, correct information and the operative mechanics.

Their expulsion from Georgia opened the Deep South for white settlement

Thus leading to the War Between the States, or what?

I can’t believe we still have [email protected]#$ing libertarians after we memed Trump into the White House. You people are pathetic losers.

The removal of red Indians was a disgrace? Why? Because it violates the “non-aggression” principle?

Their expulsion from Georgia opened the Deep South for white settlement and cultivation–that’s a fact. Without, he area would’ve remained in the hands of the Indians. The “best case” scenario is that the Cherokee and other “civilized” tribes would’ve become partly Americanized and racially inferior ethnic minorities. Like our contemporary Mexican underclass.

Great outcome…

Who put the Supreme Court in charge of anything? I don’t see anywhere in the Constitution that they have any right to overturn laws. They claimed that right for themselves. Old Hickory was right to call their bluff, and I’m looking forward to President Trump doing the same thing.

I’ll grant that Jackson’s attack on the Bank was motivated by his populism (and some very sound political reason), but I doubt the Common Man much appreciated the subsequent Panic of 1837. There’s a reason his hand-picked successor became known as Martin van Ruin.

If Trump abolishes the FED it will show that the enemy media was in fact right all along in suggesting he’s crazy. The FED should certainly be overhauled, but in no way should we give into libertarian monetary crankery.

The alt right is the future of the right now. You libertarian losers are on the way out. Get lost.

Jackson’s forced removal of the Native Americans was a disgrace, and opened the way to abuses of presidential power of the sort we see on a grand scale in the 21st century, with Bush, Obama, and now Trump, unless he;s cucked by Congress and the SCOTUS (we should hope for such a result). His acting in defiance of the SCOTUS should have gotten him impeached. OTOH his abolition of the Second Bank showed his concern for the average man (as long as he wasn’t black or an Indian, that is). The Panic would have happened sooner if the bank had not been abolished.

If Trump abolishes the Fed he will have secured a place as a great president. Even more so if he turns against the alt-right.

You have Jackson exactly the opposite.

His expulsion of the Indians was superb and opened up the lower South to white settlement in a big way. His defiance of the Supreme Court is something Trump would do well to remember.

The abolition of the second bank, on the other hand, contributed to the Panic of 1837. The USA would be without a reasonable effective national banking system until the Civil War.

Of course, your code words like “warfare/welfare state” and obsession with the Federal Reserve indicate that you are a libertarian.

The alt right needs to ruthlessly mock people who are still [email protected]#$ing libertarian.

Devilishly clever of Trump!!
Lure the Goldmansteins into the lair.
Flatter and feed them.
Then destroy them.
Its pure Greek.

I do know one thing: he’s also a shark. And sharks do what they’re best at and what’s best for them. They smell blood in the water and go in for the kill. Think of it as the Goldman Sachs effect. In the waters of the Trump-Goldman era, don’t doubt for a second that the blood will be our own.

Great article.
But it’s a little surprising that the author worked in banking for many years.
It’s about winning, and to win you have to make others lose.
This idea that your wins should “benefit others” is so odd (coming from a banker).

What is a ‘heavily mortgage home’? Sounds to me like a house which the ‘owner’ has yet to pay. How little can one pay towards a house in order to become 100% entitled?

And do the laws of ownership bend when it comes to military? I suspect that they lure you with promises of money galore, but do these promises include an unlimited protection for what is essentially theft?

Since Trump has been an entrepreneur his entire career he is uniquely qualified to tame the banker beast. He must have come hat-in-hand countless times seeking funds and studying his adversaries closely. Now they serve at his pleasure. After a taste of the special power they now enjoy in DC, maybe the boss will give them new marching orders. Here’s hoping!
http://robertmagill.wordpress.com

I have read our 45th president is being compared to our 7th president. Jackson was a fire brand and it seems Trump is too. Most presidents do more harm than good. Jackson indian policy comes to mind as harmful and expanding executive power for sure. His position on terminating the second bank of the U.S. was good. If Trump would end the Federal Reserve and return this nation to a free market monetary system not controlled by the government the warfare/welfare state as we know it would end and most of our problems. The chance of this is just about nil but harming the Indians and expending executive power are just about assured.

Who even remembers the campaign moments when Trump claimed that “the guys at Goldman Sachs… have total control over Hillary Clinton” and tweeted that she was “owned by Wall Street”? Now, The Donald has smashed all past records by appointing six Goldman Sachs alumni to posts in his administration.

What’s with all this innuendo, Tom? Clinton was financed by Wall Street, so yes, she was owned by it. He hires people who used to work there – and who owns whom in this situation?

Why don’t you just skip to ‘he doesn’t hate Putin, therefore he’s a Putin’s puppet’?

I do know one thing: he’s also a shark.

But you also worked for Goldman, does it mean you’re also a shark?

In any case, no one is expecting the next four years to bring a workers’ paradise. There’s a very clear objective: to roll back the globalist momentum, and to steer towards a more national interest-focused economy. And there’s going to be fierce resistance, so perhaps a shark is exactly what the doctor ordered…

Don’t liberals understand the right doesn’t buy the idea of progress?

Congrats on the successful move AK. But it seems that in the process the images for this article were lost. I’m not seeing them, though maybe it is the browser (Chrome).

[…] groundwork is secure. Human capital is the foremost determinant of economic growth rates, and China’s today is far higher than South Korea’s two decades ago […]

Thanks.

@giuseppe,As for the article you linked, sorry but I don’t understand Russian language. Can you please summarize its content?Certainly. It outlines Russia’s spending/development plans for education to 2020. The main points are:1. Education spending to increase from 4.6% to 5.6% of GDP (the average in the G7 is 5.0%).2. Reform of universities to Western models (more tied in with the innovation economy).3. Bonuses for teachers to be tied with performance. State grants to higher education institutes with science and business sector links. Construction of 15 new university campuses.4. In 2013-17, the formation of 6-8 scientific-educational complexes of world stature is envisioned, rising to 10-12 from 2018-20.5. Creation of conditions for the participation of 20-25% of the labor force in improving their qualifications by 2013-17. Also focus on increasing the uptake of cadres into the system of professional education and increase the percentage of organizations and businesses offering in-house training programs to 20%.

Thanks for your answer, it’s an interesting explanation.As for the article you linked, sorry but I don’t understand Russian language. Can you please summarize its content?

@giuseppe,There is also a third explanation – that young people in the West in general, and the US in particular, are no longer attracted to science and engineering degrees. I think to a large extent this is because a) the highest paying jobs by far are now in investment banking / legal work and b) manufacturing employment is in long-term decline, being replaced by service industries that don’t require much in the way of scientific qualifications. Hence, the US, which has been “deindustrializing” in labor terms since the 1970’s, is furtherst advanced; Italy, where the process AFAIK began in the 1990’s, simply lags a decade or two, along with most of Europe.Meanwhile, industrial employment is growing in Asia in general and in China in particular, hence the burgeoning number of researchers. Areas like economics and management are underdeveloped there, and a science degree will be useful in the local economy as well as a stepping stone to emigration to richer countries.This all applies to Russia as well. Today, there are big intakes for science and engineering courses – but the vast majority of these graduates then go to work for the local economy (or overseas). Very few go into local academia. Go into any prestigious institution in Russia like MSU or MIPT and you will see that scientific researchers there are typically no younger than 60 years old (practically all the younger people left for private employment or overseas after 1990). This suggests some grave consequences for the future of Russian education, and I think the government has finally awoken to it. (http://www.rian.ru/society/20080317/101490460.html)

It’s true that blogs won’t change the people’s ideas, at least not dramatically, but they are a good source of information. The problem with MSM is that, besides being partisan while pretending to be objective, are often superficial. For example, many “technical” newspaper articles about the internet and/or computers, even from major newspaper, are simply laughable. The last of these articles I read, from “La Repubblica”, confused computer viruses with exploit techniques.About the relation between education and development: I’m an assistant professor in engineering and I have been involved in several conferences in the past 12 years. I have met with researchers from many countries and I have noticed (and it was a surprise) that US researchers are almost all immigrants that took their grade in their home country (mostly China and European countries), i.e. they’re not US-educated. The few US-educated researchers working in US universities are old peoples in their fifties or sixties.So, although US schools are not very bad according to the PISA survey, the US education system seems to be unable to educate a local researcher class. This can be explained in two ways:1) There is something wrong with the PISA surveys.2) It’s the time lag between the surveys and the universities graduation. I mean that the schooling system has deteriorated but this effect hasn’t yet reached in full the universities.If 2) is true we can expect a “brain crisis” in many European countries shortly. Surely, this is the case for Italy.

Hello giuseppe,Thank you for the compliments. While I doubt blogs like these will convince many people, they do at least expose them to a different perspective. I am not surprised the Italian MSM is Russophobic, considering that Italians (like French and Spaniards) have an even lower opinion of Putin than the Brits.:)I have doubts on the value of the PISA surveys. AFAIK, the PISA tests are made by questions followed by 3 answer, and the student has to find the correct one. This is an evaluation method widely used in schools in some countries, but almost unknown in others. So the former countries will get higher scores than the latter.Not always. Here are the 2006 questions:http://www.pisa.oecd.org/document/25/0,3343,en_32252351_32235731_38709529_1_1_1_1,00.htmlAs you can see, while some questions do follow the multiple choice format, others require you to fill in tables or answer in conventional writing.No standardized test can be perfect at measuring academic ability, IQ, etc. I am forced to use the evidence that is available. As you can see, I also factor in the TIMSS and PIRLS for those countries that have them.The thing is that if I only relied on stats like years of schooling, tertiary enrolment and literacy rate then the position of countries like Argentina, Italy and Russia will be artificially inflated, in comparison to countries like Germany or Japan where not a particularly big % of the populations attends university, but where the quality of the secondary education is, according to the tests, is significantly higher than in Russia or Italy, not even talking about Argentina.Because whatever the faults of PISA, I think it’s safe to say that if your country lags another by 50 points or more, you’ve got a worse school system.

Hello Stalker,first of all, I would like to thank you for the efforts you put in this blog. I’m Italian, and the MSM here in Italy are as russophobic as the english-language ones. Although, to my knowledge, there are not obsessed russophobes like Mr. Lucas.Now about your post: I agree that education is very important for economic development but I have doubts on the value of the PISA surveys. AFAIK, the PISA tests are made by questions followed by 3 answer, and the student has to find the correct one. This is an evaluation method widely used in schools in some countries, but almost unknown in others. So the former countries will get higher scores than the latter.I think so because a student trained with PISA-like tests learns to select the right answer among the available ones; whereas many of the differently trained students will try to formulate an answer them self and only after will look for the best matching answer, thus losing time. In other and shorter words, the examination method is not neutral.Besides this, there are other critics on the PISA survey in the internet.

Thank you for commenting. Do come again.

Very interesting analysis.