I try to remain optimistic. I am politically active voicing my concerns, and I make efforts to soothe my neighbors and friends who receive $800/month in social security. I receive more but not much. We live in subsidized housing, which helps. Yet we are the ones pointed at and criticized for 'living off the State.' When I read this clearly stated essay, it is a harsh light exposing the belly of the Beast. To know there are those, like Dimon, who have no understanding of the sinking of one's heart when medicine is not taken so that food can be put on the table, is gut wrenching. Or, hear the sound of the EMT arrive early morning or late in the night to take yet another human life away because she wasn't able to remain compliant in taking her needed medication for a heart condition. I find this maddening, intolerable, and tragic. I no longer know what to do, who to turn to, what to say. This is not my country.
And of course, the money that doesn't go to their exorbitant compensation goes to shareholders and to pay lobbyists to ensure that working-class people, schools, and cities do NOT get subsidies, tax breaks or any government support. Because government support is bad and for the lazy, weak and inefficient....except when it goes to those of us who move money around for a living and literally create nothing but risk. We're amazing!
Dimon is a big hypocrite! Supporting the Democratic party and espousing socialist values while actually doing the opposite. This makes me more angry than trump! Two faced bankers are much of the problem! Simon has no conscience. Outrageous! Thanks for calling out this guy again!
Because of Dimon's hypocracy and " I'm only in it for my own bottom line and that of my wealthiest shareholders" I am in the process of closing down my account and switching it elsewhere. I may only be one person but we all have to start somewhere.
Today is 2/22/22. We are once again witnessing Russian aggression. Stock market going up and down like a yo-yo. Gas prices going up again. Inflation the worst in over 40 years. America's southern border in chaos. The poor still poor. The rich still getting rich. No one knows when the next virus will hit. Recession will be here end of the year. All we do in America is non stop talk. Nothing changes unless we have something hit us like 9/11 or COVID. Even then, we can't agree on anything. The secret is to take care of your family and friends the best way you can. Help others if you have the time and resources. Stay healthy. Health is the TRUE wealth. Make a difference 1 person at a time. Your choice. Thank you to Robert for his time and in-depth knowledge of the system and sharing with us all. Or as someone else said: Understanding the "The Belly of the Beast".
Jeez , this Demon is the personification of ALL the inequities, shortcomings and blatant allowances bordering on criminalities facing our dysfunctional corptocracy today ! ! And referring to himself as a Democrat is significantly embarrassing to the "Party of the People" ! Yet it should be an eye opener to the people as to the depth of the corporate control over our elected officials. Be they Reps or Dems . He represents dooms day possibilities for our nation and people . If Thomas Jefferson were still with us, he'd be puking and never stop ! ! 🤮
Everyday, more and more, I say “F**k this country.”
Here I am trying to save peoples lives at my job everyday, and $100k in student debt, struggling with health issues and trying to keep up working full time hours so I can keep my electricity on.
Then banks get bailouts and the government operates with trillions of debt but that’s all fine and dandy.
I wonder if credit unions are better for working people with modest incomes than local banks. I would not choose Bank of America for my bank. Thank you for calling out the worst of the worst.
Jamie Dimon is a victim. He is a victim of Milton Friedman and Free Markets. They were sold on the psychology of Free Markets. I don't think either man bought into this ideal with the goal of wrecking the American economy or getting rich by stealing from the government or middle class. But once the tiger was let out of its cage, the game changed. All of a sudden Dimon and his company were making millions upon millions, and he found himself in a box. He has seen and observed what has happened to the American and world economy, yet he can't change it without killing the goose that laid the golden egg. And so, the Wall Street Banks hold a gun to the head of the American economy. They are right, if the government lets the banks fail, the economy fails. That doesn't mean the government can't let some of that capital bleed back into other sectors of the economy. The failure here isn't with DJT or Jamie Dimon. They are doing what our founders expected them to do. The failure is with the systems, Capitalism and the Republic. Capitalism is a great system, if regulated. Democracy is a great system, if not failed by the Congress. Reason is destroyed when you blame an individual for problems, emotion dominates. Politicians and the media love that response. Reason will return to our discourse when we leave individuals out of the argument and replace them with criticism of the systems. "It's the System Stupid"
My sincere wish during the last election cycle was that Elizabeth Warren would become the Democratic nominee, because more than any other nominee-including Bernie Sanders-Warren is greatly feared and disliked by Wall Street (and neoliberal Obama was no fan of Warren's, either).
If this country had done what Iceland did years ago and jailed criminal bankers, we wouldn't now be battling the scurge of Trumpism.
Jamie Dimon and the other big bank honchos are all hypocrites, railing against socialism while taking in all the government handouts they can get. We have to also remember that it was Bill Clinton who signed away the Glass-Stegal Act that allowed the big banks to get richer at the expense of American working and middle class folks struggling to be homeowners. It was Barack Obama who bailed out the big banks and not those homeowners when they inevitably tanked the economy in 2008. It was also Obama who, when starting his candidacy for President, pledged to run on matching campaign donations only, and then broke that promise and took the dirty money from the likes of Jamie Dimon. We need to back pols like Bernie, Elizabeth Warren and AOC, who don’t take the dirty money, and therefore are free to do what is right for the other 98%of us.
Example after example of corruption and self-serving greed are everywhere, so what's the answer? If the answer for labor is unions, then do we need some top-notch organizer to start a "concerned-citizens's" union? The only power we have over corrupt, powerful uber-wealthy is our numbers, but they're not organized, so we can't use them. So far, Trump has apparently done a better job of motivating and organizing his followers to break into our Capitol. Do we need a charismatic, attention-getting citizens' union leader to organize the much-needed revolt? If so, who? And when do they start? Immobile optimism and individual, isolated good deeds and good "thoughts and prayers" don't seem to be working. The cold, hard truth is, it could be too late. Or not. But it will if we continue to be "all talk" and too little, too unorganized action.
I cannot see why the banks are given so much power, there should be forced restrictions on them, like other businesses, they have become self restricted and protected by to large to fail. Time to change it.
So, if we have anti-trust laws like the Sherman Act 1890, the Clayton Act and the Federal Trade Commission Act how can we be sinking in a mire of monopolies? It may surprise you to discover that shortly after these Acts were approved by the US Congress, the majority of the businesses that were affected by these laws expanded into the Russian market where, with the help of Lenin's War Communism 1917-1921--which ousted all indigenous entrepreneurship and reorganized industry into TRUSTS and SYNDICATES--and New Economic Policy 1921-1929, they were awarded industry-wide concessions to monopolize the vast Russian economy, winning not only their own "nationalized" plants back, but the expropriated plants of Russian entrepreneurs and their competitors as well. General Electric, RCA, Westinghouse and the German giant Siemens founded the Soviet Electrical Trusts in 1918 and sat on their boards. Western lumber firms sat on the board of the Soviet Lumber Trust, same with the Petroleum Trust, the Agriculture Trust and all of the other Soviet trusts. All the big western firms which had made a killing off of WW1 profits flooded into Russia once the monarchy was dismantled (because it never would have allowed this), obliterated indigenous entrepreneurs and ousted other foreign competitors as well, (i.e, Nobel Oil was ousted from Baku leaving it open for Royal Dutch Shell and Standard Oil to buy up the Russian oil industry--cheaply). This is how they have not only maintained their monopoly in the U.S., but now reach across the globe. Are you shocked? Do you think I can't possibly be correct?--I understand...I felt that way too, because this is just so beyond what we've been inculcated with. Nonetheless, I have volumes of proof which I've included in my historical series (Fire on the Steppe). You see, Russia's evolving economy at the turn of the previous century would have proliferated just like ours did after the completion of the Union Pacific railroad, once their Trans-Siberian Railroad was completed in 1911. Russia would have developed wealthy barons just like we did, if they had of been given the chance, and they would have developed them faster and even wealthier because the Trans-Siberian, just like Russia, was 5-times the length of the United States and had even greater resource wealth than us. Germany knew this and had a plan. Insert, Lenin and his Bolsheviks, nationalize the entire economy and dole it out to their firms in the form of concessions. But Germany was too war-damaged after WW1, so the U.S. and Britian took over the plan... For the full story, look me up on Amazon...not for sales, but so that we as a nation see what has been done to us and others for corporate dominance of the global economy. Once we all see how it was accomplished, we'll know how to dismantle it. Thanks.
I try to remain optimistic. I am politically active voicing my concerns, and I make efforts to soothe my neighbors and friends who receive $800/month in social security. I receive more but not much. We live in subsidized housing, which helps. Yet we are the ones pointed at and criticized for 'living off the State.' When I read this clearly stated essay, it is a harsh light exposing the belly of the Beast. To know there are those, like Dimon, who have no understanding of the sinking of one's heart when medicine is not taken so that food can be put on the table, is gut wrenching. Or, hear the sound of the EMT arrive early morning or late in the night to take yet another human life away because she wasn't able to remain compliant in taking her needed medication for a heart condition. I find this maddening, intolerable, and tragic. I no longer know what to do, who to turn to, what to say. This is not my country.
And of course, the money that doesn't go to their exorbitant compensation goes to shareholders and to pay lobbyists to ensure that working-class people, schools, and cities do NOT get subsidies, tax breaks or any government support. Because government support is bad and for the lazy, weak and inefficient....except when it goes to those of us who move money around for a living and literally create nothing but risk. We're amazing!
Dimon is a big hypocrite! Supporting the Democratic party and espousing socialist values while actually doing the opposite. This makes me more angry than trump! Two faced bankers are much of the problem! Simon has no conscience. Outrageous! Thanks for calling out this guy again!
Because of Dimon's hypocracy and " I'm only in it for my own bottom line and that of my wealthiest shareholders" I am in the process of closing down my account and switching it elsewhere. I may only be one person but we all have to start somewhere.
Today is 2/22/22. We are once again witnessing Russian aggression. Stock market going up and down like a yo-yo. Gas prices going up again. Inflation the worst in over 40 years. America's southern border in chaos. The poor still poor. The rich still getting rich. No one knows when the next virus will hit. Recession will be here end of the year. All we do in America is non stop talk. Nothing changes unless we have something hit us like 9/11 or COVID. Even then, we can't agree on anything. The secret is to take care of your family and friends the best way you can. Help others if you have the time and resources. Stay healthy. Health is the TRUE wealth. Make a difference 1 person at a time. Your choice. Thank you to Robert for his time and in-depth knowledge of the system and sharing with us all. Or as someone else said: Understanding the "The Belly of the Beast".
The corruption will continue as long as average Americans don’t wake up and hold them accountable. Thank you for sharing
Jeez , this Demon is the personification of ALL the inequities, shortcomings and blatant allowances bordering on criminalities facing our dysfunctional corptocracy today ! ! And referring to himself as a Democrat is significantly embarrassing to the "Party of the People" ! Yet it should be an eye opener to the people as to the depth of the corporate control over our elected officials. Be they Reps or Dems . He represents dooms day possibilities for our nation and people . If Thomas Jefferson were still with us, he'd be puking and never stop ! ! 🤮
Everyday, more and more, I say “F**k this country.”
Here I am trying to save peoples lives at my job everyday, and $100k in student debt, struggling with health issues and trying to keep up working full time hours so I can keep my electricity on.
Then banks get bailouts and the government operates with trillions of debt but that’s all fine and dandy.
I wonder if credit unions are better for working people with modest incomes than local banks. I would not choose Bank of America for my bank. Thank you for calling out the worst of the worst.
Jamie Dimon is a victim. He is a victim of Milton Friedman and Free Markets. They were sold on the psychology of Free Markets. I don't think either man bought into this ideal with the goal of wrecking the American economy or getting rich by stealing from the government or middle class. But once the tiger was let out of its cage, the game changed. All of a sudden Dimon and his company were making millions upon millions, and he found himself in a box. He has seen and observed what has happened to the American and world economy, yet he can't change it without killing the goose that laid the golden egg. And so, the Wall Street Banks hold a gun to the head of the American economy. They are right, if the government lets the banks fail, the economy fails. That doesn't mean the government can't let some of that capital bleed back into other sectors of the economy. The failure here isn't with DJT or Jamie Dimon. They are doing what our founders expected them to do. The failure is with the systems, Capitalism and the Republic. Capitalism is a great system, if regulated. Democracy is a great system, if not failed by the Congress. Reason is destroyed when you blame an individual for problems, emotion dominates. Politicians and the media love that response. Reason will return to our discourse when we leave individuals out of the argument and replace them with criticism of the systems. "It's the System Stupid"
My sincere wish during the last election cycle was that Elizabeth Warren would become the Democratic nominee, because more than any other nominee-including Bernie Sanders-Warren is greatly feared and disliked by Wall Street (and neoliberal Obama was no fan of Warren's, either).
If this country had done what Iceland did years ago and jailed criminal bankers, we wouldn't now be battling the scurge of Trumpism.
Jamie Dimon and the other big bank honchos are all hypocrites, railing against socialism while taking in all the government handouts they can get. We have to also remember that it was Bill Clinton who signed away the Glass-Stegal Act that allowed the big banks to get richer at the expense of American working and middle class folks struggling to be homeowners. It was Barack Obama who bailed out the big banks and not those homeowners when they inevitably tanked the economy in 2008. It was also Obama who, when starting his candidacy for President, pledged to run on matching campaign donations only, and then broke that promise and took the dirty money from the likes of Jamie Dimon. We need to back pols like Bernie, Elizabeth Warren and AOC, who don’t take the dirty money, and therefore are free to do what is right for the other 98%of us.
Whatever happened to the proposal to tax stock trades?
Example after example of corruption and self-serving greed are everywhere, so what's the answer? If the answer for labor is unions, then do we need some top-notch organizer to start a "concerned-citizens's" union? The only power we have over corrupt, powerful uber-wealthy is our numbers, but they're not organized, so we can't use them. So far, Trump has apparently done a better job of motivating and organizing his followers to break into our Capitol. Do we need a charismatic, attention-getting citizens' union leader to organize the much-needed revolt? If so, who? And when do they start? Immobile optimism and individual, isolated good deeds and good "thoughts and prayers" don't seem to be working. The cold, hard truth is, it could be too late. Or not. But it will if we continue to be "all talk" and too little, too unorganized action.
I cannot see why the banks are given so much power, there should be forced restrictions on them, like other businesses, they have become self restricted and protected by to large to fail. Time to change it.
So, if we have anti-trust laws like the Sherman Act 1890, the Clayton Act and the Federal Trade Commission Act how can we be sinking in a mire of monopolies? It may surprise you to discover that shortly after these Acts were approved by the US Congress, the majority of the businesses that were affected by these laws expanded into the Russian market where, with the help of Lenin's War Communism 1917-1921--which ousted all indigenous entrepreneurship and reorganized industry into TRUSTS and SYNDICATES--and New Economic Policy 1921-1929, they were awarded industry-wide concessions to monopolize the vast Russian economy, winning not only their own "nationalized" plants back, but the expropriated plants of Russian entrepreneurs and their competitors as well. General Electric, RCA, Westinghouse and the German giant Siemens founded the Soviet Electrical Trusts in 1918 and sat on their boards. Western lumber firms sat on the board of the Soviet Lumber Trust, same with the Petroleum Trust, the Agriculture Trust and all of the other Soviet trusts. All the big western firms which had made a killing off of WW1 profits flooded into Russia once the monarchy was dismantled (because it never would have allowed this), obliterated indigenous entrepreneurs and ousted other foreign competitors as well, (i.e, Nobel Oil was ousted from Baku leaving it open for Royal Dutch Shell and Standard Oil to buy up the Russian oil industry--cheaply). This is how they have not only maintained their monopoly in the U.S., but now reach across the globe. Are you shocked? Do you think I can't possibly be correct?--I understand...I felt that way too, because this is just so beyond what we've been inculcated with. Nonetheless, I have volumes of proof which I've included in my historical series (Fire on the Steppe). You see, Russia's evolving economy at the turn of the previous century would have proliferated just like ours did after the completion of the Union Pacific railroad, once their Trans-Siberian Railroad was completed in 1911. Russia would have developed wealthy barons just like we did, if they had of been given the chance, and they would have developed them faster and even wealthier because the Trans-Siberian, just like Russia, was 5-times the length of the United States and had even greater resource wealth than us. Germany knew this and had a plan. Insert, Lenin and his Bolsheviks, nationalize the entire economy and dole it out to their firms in the form of concessions. But Germany was too war-damaged after WW1, so the U.S. and Britian took over the plan... For the full story, look me up on Amazon...not for sales, but so that we as a nation see what has been done to us and others for corporate dominance of the global economy. Once we all see how it was accomplished, we'll know how to dismantle it. Thanks.