TODAY'S HOLOCAUST

This car is a Maybach costing $1 million. Rush Limbaugh, who has 5 homes in Palm Beach, owns six Maybachs. (richest 400 people)



According to a study by the firm Deloitte, the rich elite in the USA now have $38.6 trillion.



In addition, they have an estimated $6.3 trillion hidden in offshore accounts.



So, the top 0.1% of the US population have $46 trillion in wealth.



(Analysis of Financial Terrorism in America.)





Photo by spencerscomet



David DeGraw has written "Who Really Rules: America's Hidden Oligarchs Revealed"



According to McGraw:



1. Deloitte reckons that the rich elite will have over $100 trillion within the next ten years.



2. The richest 1% of the US population have more wealth than 90% of the population combined.



3. According to an investment manager (an analysis):



"Most of the serious economic damage the US is struggling with today was done by the top 0.1% and they benefited greatly from it….



"For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and a 31% reduction in taxes, the latter due to profit outsourcing to low tax rate countries….



"The year 2010 was a record year for compensation on Wall Street, while corporate CEO compensation rose by over 30%.…



"In 2010 a dozen major companies, including GE, Verizon, Boeing, Wells Fargo, and Fed Ex paid US tax rates between -0.7% and -9.2%.



"Production, employment, profits, and taxes have all been outsourced….





"A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the US financial system.



"It allows them to protect and increase their wealth and significantly affect the US political and legislative processes...



"The American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability.



"The odds of getting into that top 0.5% are very slim and the door is kept firmly shut by those within it."



4. Here are some of the rich elite:



Former Goldman Sachs CEO and Bush Treasury Secretary Hank Paulson.



Current Goldman Sachs CEO Lloyd Blankfein.



Goldman’s President Gary Cohn.



Citigroup CEO Vikram Pandit.



JP Morgan Chase CEO Jamie Dimon.



H. Edward Hanway, former chief executive of Cigna (Health Insurance)



Ron Williams of Aetna Inc. (Health Insurance)



There are also the bosses of the companies involved with oil and war.



5. In 1995, the richest 400 Americans paid 30% of their income in taxes.



In 2011, they now pay only 18%.



1,470 Americans earned over $1 million in 2009 and didn’t pay any taxes.



6. Che Guevara said:



"The amount of poverty and suffering required for the emergence of a Rockefeller, and the amount of depravity that the accumulation of a fortune of such magnitude entails, are left out of the picture, and it is not always possible to make the people in general see this."



We have a Neo-Feudal-Fascist state.



The global economic top one-tenth of one percent, are genocidal fascists carrying out a holocaust.



Fascism has evolved.



There is no need to get blood on your hands while rounding up people and putting them into concentration camps when you can do it through economic policy while sitting in a jacuzzi on a corporate jet, or in a three-piece custom-made Armani, completely detached and insulated from the world in which you plunder.



~~~

BANKS CONSPIRACY; LIBYA, 9 11, 7 7

Jerome Kerviel lost €5bn due to 'rogue' trades.

Western Banks 'ripped off' Libya.

Libya was then hit by NATO and the USA.

The banks now say they don't have to pay back any money to Libya.

SocGen Made $1 Billion Derivatives Gamble for Libya, FT Reports



International bankers wasted billions of dollars invested by Libya.

The Financial Times says banks like Goldman Sachs were dealing with Libya's investments at a time when they needed to plug holes in their own balance sheets during the economic crisis.

Most of the money has been lost, but with what's going on in Libya any repayment seems unlikely.

Italians taking Libyans to an Italian concentration camp.

In early 2008, Société Générale lost €5bn due to 'rogue' trades by Jerome Kerviel.

Société Générale then arranged a transaction for Libya.

This transaction has lost 72% of its value.

But the transaction made money for Société Générale, helping to plug a hole in its balance sheet.

"The case is just one example of how leading global financial groups did big business with Col Muammer Gaddafi’s Libya in deals that rarely benefited the North African state’s lumbering $65bn sovereign wealth fund, but generated lucrative fees for the banks."

Goldman Sachs structured a $1.2bn equity and currency derivatives portfolio that lost 98.5 per cent of its value by June 2010.

Libya bet $1bn on SocGen shares
‎
Did top bankers know when 9 11 was going to happen?

Certain bankers seem to know in advance when terrorist attacks are going to take place, and so they can successfully bet on certain shares falling in price?

'Rogue trader' Jerome Kerviel worked for the French bank Societe Generale.

(SocGen rogue trader Jerome Kerviel 'hit the jackpot' on 7/7 ... / 'Rogue trader' Jerome Kerviel.)

According to Kerviel, "The best trading day in the history of Société Générale was September 11, 2001.

"At least, that’s what one of my managers told me.

"It seems that profits were colossal that day.

"I had a similar experience during the London attacks in July 2005."

On 7 July 2005, 52 people were killed by a series of bus and tube train attacks in London.

A few days before 7 July 2005, Kerviel bet on a fall in the share price of Allianz, the German insurance giant.

"Thanks to the positions I had, I earned €500,000 in a few minutes. It was the jackpot. I was jubilant," says Kerviel.

So, Kerviel made 500,000 euros as a result of London's 7/7 attacks.

Kerviel eventually lost £4 billion while working as a trader with Societe Generale, and now he is on trial.

Kerviel, 32, claims that his colleagues and bosses had been aware of his actions.

Entity drew our attention to:
9-11 And The Black Eagle Trust Fund - For those who want to know

~~

Goldman Sachs and Bubbles

Goldman Sachs Tower.


Goldman Sachs was founded in 1869 by German Jewish immigrant Marcus Goldman.[2]

In 1882, Goldman's son-in-law Samuel Sachs joined the firm.[3]

On 4 December 1928, Goldman sachs launched the Goldman Sachs Trading Corp. a closed-end fund with characteristics similar to that of a Ponzi scheme.

The fund failed as a result of the Stock Market Crash of 1929.

On 2 July 2009, Matt Taibbi, at Rollingstone.com, told us how how 'Goldman Sachs has engineered every major market manipulation since the Great Depression.'

Matt Taibbi: How GoldmanSachs Seized Washington

Among the points made:

1. Goldman Sachs is the world's most powerful investment bank.

2. 'Goldman Sachs has engineered every major market manipulation since the Great Depression.'

3. There is a two-tiered investment system - one for the insiders, and the other for the ordinary investor who is tricked into to buying investments at soaring prices which the banks know are too high.

4. Think of the profits to be made from selling houses to people who cannot afford them.

5. Think of the money to be made from huge rises in oil prices.

Goldman persuaded pension funds and other large institutional investors to invest in oil futures.

6. Henry Paulson was CEO of Goldman.

Henry Paulson was George Bush's last Treasury secretary.

Henry Paulson was the architect of the bailout, a plan to give trillions of Dollars to a handful of old friends on Wall Street.

Robert Rubin worked for Goldman for 26 years.

Robert Rubin became Bill Clinton's Treasury secretary.

People who worked for Goldman include:

The heads of the Canadian and Italian national banks,

the head of the World Bank,

the head of the New York Stock Exchange,

and the last two heads of the Federal Reserve Bank of New York.

It was Robert Rubin who believed that the American economy and the financial markets were over-regulated and needed to be set free.

7. Former Treasury secretary Paulson decided to let Lehman Brothers — one of Goldman's last real competitors — collapse without intervention.

8. Barack Obama's leading private campaign donor was Goldman Sachs.

Obama's Treasury chief of staff Mark Patterson and CFTC chief Gary Gensler both worked for Goldman.

9. The next bubble is in carbon credits.

The new carbon-credit market is 'a virtual repeat of the commodities-market casino that's been kind to Goldman'.

~