Forum Post: A must read for OWS "It takes a Pillage" by Nomi Prins
Posted 12 years ago on Nov. 30, 2011, 9:51 p.m. EST by demcapitalist
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She worked at Goldman Saks and presents the clearest view I've read of how deregulation, excessive speculation and overuse of leverage created this crisis. She also presents a clear view of how wall street used the crisis to firmly plant themselves in our banking system for even more pillaging. 7 trillion in loans from the fed to the banks is the latest number I've read. here's a link to her site --------there's some nice blogs there as well http://www.nomiprins.com/it-takes-a-pillage/
And wow! look, she is a woman!
Occupy Wall Street's women struggle to make their voices heard http://www.guardian.co.uk/world/2011/nov/30/occupy-wall-street-women-voices
Nomi Prins is one very bright lady.+++++++++++++ qazsw123 is attempting to cause females not to join ows, and male ows members not to want them- because!!!! in this police state, all the enforcement is done my male cops- and those males find it easy to club and physically abuse other males. but when ows has female demonstrators, those same males find it
very stressful to pepper spray, club and physically assault females- that's why the system, is going thru a lot of trouble, to convince females not to join our protests and ows males not to want them- isn't that right QAZXW123 -- training web page http://tinyurl.com/7rvpv43
I believe you misread my post, JNK. I was being facetious. Ms. Prins's blog is one of my bookmarks. The Guardian article was an eye opener on the misogyny of the movement.
Meanwhile, I would direct you to Michael Lewis's latest book (Boomerang), in which he describes among other things the country of Iceland whose male population (overnight, fishermen became traders) literally took the country to the abyss, he speaks, for example, of a financial services business run entirely by women, as "...one of the very few profitable financial businesses left in Iceland.
"...now that they've seen their false future the Icelandic female will have a great deal more to say about the actual one."
Perhaps that is something that the US should consider doing for all of our sake.
Hey great post demcapitalist. I noticed this was floating around in the ethers today...
::::::::The Fed’s European “Rescue”: Another Back-Door US Bank / Goldman bailout?::::::::
Submitted by Nomi Prins, former Goldman Sachs Managing Director
http://www.zerohedge.com/news/guest-post-fed%E2%80%99s-european-%E2%80%9Crescue%E2%80%9D-another-back-door-us-bank-goldman-bailout
-12/01/2011-
I like her because she thinks like a trader--------well she knows what opportunists they are and she's not afraid to call them on it. Most folks don't understand the math of all these derivative products so they are willing to let the "experts" (read opportunists) advise them. She's not because she knows they are FOS, and the sooner we learn it the closer to solutions we'll be.
Strange how the bankers can lay economic and political ruin upon nations but the 99% will just not engage in targeted economic boycotts fearing more job loss or a label of economic terrorism ? Sad..pitiful actually....as George Carlin says...they got you by the balls.
Agreed, the original tea party had 'economic terrorism' Terrorism is such a meaningless word now. Kinda like the word nazi or communist is used. We will need a new word for real terrorists like 'genocidal bankers'.
My boycott list is slowly growing. Hopefully yours is too. Hang in there, rosewood, we'll get them to see the light eventually. We just have to keep at it, that's all. Never give up.
It's good that we're aware, but targeted economic boycotts may work better when we're all on the same page, which is difficult in a leaderless movement. While we can have many personal targets; unless the movement en masse is intent on one or two, you may look back and ask, why didn't it work.
Never give up....beautiful.
I'm all for targeted boycotts (PepsiCo is on my list, because of your info) and willing to join in anytime. But I will also continue my personal boycotts even if they never make a dent in their bottom line. It's all about self-respect. They may never know it, but at least I can go to bed at night knowing I'm not feeding the beasts. We need to talk with stuartchase. I know you disagree with his Toshiba boycott, but he is definitely a passionate and dedicated boycotter and has little tolerance for corporate malfeasance. Plus he knows a few people we may be able to get on board.
I've re-considered my position. People should have their own boycott list, as well as work with an official OWS boycott initiative. I was concerned because it doesn't entirely make sense to me to launch your first boycott by going after a foreign corporation when American corporations are destroying life itself, like Monsanto, J. P. Morgan, and collapsing the economy and legitamite government. Generally you start to clean house in your own backyard. Additionally boycotts are a form of economic warfare, so he'll have a young movement, OWS, economically attacking foreign interests. Seems a bit contradictory especially when GE nuclear plant design is severely implicated. Stewart seems fixated on one thing, which in itself seems questionable, so it would be better if I respected his single issue and moved on. If I were the opposition; and heard OWS discussing boycotts..I'd divert them away from American corporations, and focus them on foreign...it's a chess game.
Yes, the two-pronged approach seems best. My personal list has foreign, huge American (GE is one) and local businesses. I'm an equal opportunity boycotter ;-). Stuart has expanded his scope and added a second company to his hit list. We'll all probably adapt our techniques as time goes on and we find out what works and what doesn't, but the main thing is, DON'T give up. Boycotts do work, no matter what other people think. It'll take a long time to get enough people on board and even longer to put a dent in some of the bigger guys' bottom lines but it'll be worth the effort.
It's good to know you're out there ; )
Nomi Prins ( http://www.nomiprins.com/ ) talking to Max Keiser { http://maxkeiser.com/ } :
a) Ep. 190 : "Max talks to Nomi Prins, author of 'It Takes a Pillage' and 'Black Tuesday', about all the manic meetings happening around the world to save the global financial system facade when it is the system itself rotting from within that is the problem. Nomi Prins also compares the current financial crisis to the first Great Depression." ; http://rt.com/programs/keiser-report/central-bank-finance-crisis/ ,
b) Ep. 149 : "Max talks to a former banker at Goldman Sachs and Bear Stearns, Nomi Prins (author of It Takes a Pillage), about Matt Taibbi’s “The People versus Goldman Sachs” and about the IMF." ; http://rt.com/programs/keiser-report/finance-repression-usa-bank/ &
c) Ep. 117 : "Max talks to Nomi Prins, author of It Takes a Pillage, about Goldman Sachs' Facebook deal and more." ; http://rt.com/programs/keiser-report/keiser-bear-sterns-sachs/ .
fiat lux et fiat justitia ruat coelum ...
She's good right ? I love her view because she understands the gambling and aggressive power hungry state of mind that got us into this mess and she understands the manipulation that the investment banks used to gain even further access to our banking system in the guise of solving the crisis. 7 trillion in fed loans ---------I just can't get that number out of my head we have politicians telling us we can't afford our middle class government employees, we can't afford medicare, we can't afford social security and these same folks see no need to overhaul a banking system that has an extra 7 trillion to pay off wall street's gambling debts.
demcap : Dovetail your excellent posts with the facts contained in a) & b) below :
a) http://www.businessinsider.com/these-are-the-30-american-companies-that-paid-less-than-zero-income-tax-from-2008-2010-2011-11?op=1#ixzz1ejBOPiGq &
b) http://www.ctj.org/corporatetaxdodgers/CorporateTaxDodgersReport.pdf !!
fiat justititia ruat coelum ...