Taibbi: unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world.

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    5-10-12  An unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world.  The best way to explain where those hidden taxes come from is to compare a regulated market to an unregulated one. …. You go into a corner store and there’s a price tag on the soap, but you can always go across the street, or on the Internet, to see what soap costs someplace else.  -M. Taibbi http://www.rollingstone.com/politics/news/how-wall-street-killed-financial-reform-20120510#ixzz3NKiLVoZD

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. You just cannot have a society where people instinctively know that certain people are above the law, because it will create total disrespect for authority among everybody else. And that’s completely corrosive. You need to have people believing in the system to some degree — even if it’s just an illusion, you need to have them believing. And that was … another thing I was trying to get to in this book, the difference between what happened in the Bush years, with the scandals with Adelphi and Enron and Tyco, and what happened now, [when] they just stopped seeing the necessity of keeping up appearances. They didn’t even make a few symbolic prosecutions, and so it leaves the entire public with this glaring statistic that there were no prosecutions and there was massive crime. How does that make anybody else feel? How does it make you feel when you pay a speeding ticket, you can’t write that off, but HSBC can write off its $1.9 billion fine for drug trafficking? People start to think about these things, and they start losing their faith in the system and it doesn’t work anymore. It’s funny, because when they talk about income inequality on the campaign trail and in these elections … They always talk about it in this unthreatening, antiseptic way, and it’s just so much more extreme than that. It’s much broader and more disgusting problem than the way they typically present it in our political debate. So that was another thing I was trying to do, was to try to bring out the grotesque nature of the whole thing.  -Taibbi    http://www.salon.com/2014/05/19/it%E2%80%99s_total_moral_surrender_matt_taibbi_unloads_on_wall_street_inequality_and_our_broken_justice_system/ …………………………………………………………………………………………………

The argument that persuaded Washington to allow manic derivatives trading to go unchecked boiled down to the myth that financiers had a powerful self-interest in keeping one another honest. Wrong. As Tett reports, Greenspan went before Congress last October to admit that “he had made a ‘mistake’ in believing that banks would do what was necessary to protect their shareholders and institutions. ‘[That was] a flaw in the model . . . that defines how the world works,’ ” Greenspan confessed belatedly.

Based on Tett’s account, most former members of the Morgan derivatives squad haven’t acknowledged similar regret. That’s ominous, because while many on Wall Street have lost their jobs, a lot of the Morgan alumni are still out there, as are many of their competitors who displayed even greater irresponsibility during the derivatives madness. This book leaves one wondering whether we’ll be smart enough to rein them in with tougher regulations before they open their next bag of tricks.  http://www.nytimes.com/2009/06/14/books/review/Barrett-t.html?_r=0

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Voices of finance: an index to put the pieces in place

A handy list, broken down by activity, of the 70+ interviews so far with those working in and around the City of London  http://www.theguardian.com/commentisfree/joris-luyendijk-banking-blog/2012/aug/01/voices-of-finance-pieces-in-place
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Who will speak for these people who are defenseless against the bureaucracies and the gaining momentum of the power elite?    -Messenger E C Prophet:  7-4-1984 at RTR, Montana ………………………………………………………………………………………………………………………

Thus when individuals buy into businesses that are about to go bankrupt they must take on the debts if that bankruptcy is indeed to be avoided. Therefore understand, beloved, that in the case of this life, this planet and system of worlds the action of the Holy Spirit, the action of Shiva, has provided a recourse: the Destroyer (or the Dissolver, or Transmuter) must simply take the clay pot, break the vessel and let that clay go back to the Divine Potter and be remolded anew, fully stripped of its old pattern and energy, ready now to be formed in a higher matrix….

I think you can all immediately think of things that should be instantaneously consumed by the sacred fire such as houses of ill repute, such as pornographic films, child prostitution and all areas where such activities take place. So as you continue up the ladder from the most vile of hell–on which most would find accord–you come to a place where you cross the line and you say to yourself, “Where is freewill choice and how will individuals learn from the experience of life if all these situations are suddenly no more?”

There will be many malcontents if there are no bars left in the world,…gambling casinos and so forth. And so you will see that the very ones who have created these situations will re-create them again if they are given the opportunity to do so.

Therefore when considering what ought to be destroyed and preserved, regarding civilization in its decline, we realize that it is not only the removal of the miscreation but it is also the great and more serious deliberation of what to do about the lifewaves who have created those conditions. For when given a new place or a new civilization or a new opportunity they will re-create them immediately because their desire bodies contain the patterns as well as the lusts as well as the demons and entities which carry over to the next life and the next.

You can begin to see then just how very complicated the decisions of the Lawmakers and those who embody the Law must be when considering the great question of how to salvage souls and a civilization and a way of life–how to keep the good and extract the evil and still preserve an identity, still preserve a way and yet not take with it the old order and its corruption….

It is wonderful, beloved, to contemplate life and its opportunities before you and to be able to plan your life and plan it in keeping with the divine plan and find no pain in embracing the will of God and no sense of struggle in surrendering the anti-will. To see the rest of your life from this very moment on, as an opportunity to become God–this, beloved, is the greatest news of the Everlasting Gospel.

Amplifying it in your hearts now, multiplying your heart flame by my own to the fullest extent of the mercy of the Law, I, Mary, servant of the Most High God and of His sons, archeia of the fifth ray, the Beloved of Raphael and of all my children, sons and daughters, do now consecrate Central America, Cuba, all islands of the Caribbean to my Immaculate Heart with a fervor, a righteousness and a wrath of the Cosmic Christ.

Thus the fire that descends is heaven’s answer to your call.  It is more than a consecration, it is a purging and a judgment, it is a branding as with a branding iron, and it is a divine decree!

In the name of the Father and of the Son and of the Holy Spirit by the Shepherd’s crook of my Son, I, Mary, infuse the entire territory with light and I say to you, beloved, Onward, march!–north, south, east and west throughout Central America and onward to the very southern tip.  Let us keep in mind the God and Goddess Meru and their call to educate all people as to the knowledge of the hidden man of the heart, the Holy Christ flame, the interior light. This is our call and our calling.

And in this hour therefore our legions attack all centers of voodoo and witchcraft permitted by the church fathers throughout Central and South America right within our own tabernacles and temples and cathedrals.  Blessed ones, the accommodation of the Roman hierarchy to the superstitions and black magic of the people of Central and South America is a crime of the first magnitude against my Son and his little ones. For millions have been trapped into the astral plane, the psychic, and cursed to Death and Hell itself while the priests have stood by to allow the people their superstitious and evil practices rather than challenge them and perhaps lose members or control or money for their coffers.   -Archeia Mary:  4-21-1987 at Dallas via Messenger E C Prophet

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