Working man needs to pay more attention

Where do you get your information? Who would you believe?

Editor, The Times:

Banks of America! Sounds solid, doesn’t it? Stars and stripes, statue of Liberty – bring us your huddled masses, etc.

In a proper world, Bank of America would be a solid institution, a pillar of financial stability holding up the finances of the country with caution and integrity. A vital cornerstone in the financial health of the United States, one might say.

Not so, according to Matt Taibbi of Rolling Stone (Yes, rock and roll’s Rolling Stone). Where do you get your information? The Wall Street Journal, Financial Post, Forbes, Fortune, Fox, Global or any of those propaganda outlets dedicated to propping up a collapsing system? Who would you believe?

As Matt Taibbi points out, Bank of America has been involved in insane financial gambles that have necessitated more than one massive U.S. government bailout.

As one might have heard, a number of U.S. cities and countries have been forced to declare bankruptcy. Why? Well, it appears that, while supposedly managing the finances of their various cities and countries, Banks of America, Goldman-Sachs and other pillars of finance were shorting the U.S. cities in the interest and pocketing the difference. Competitive bids were squelched. As Taibbi points out, there is nothing these super ‘money men’ fear more than competition.

During the financial crisis in Greece a similar scheme involved Goldman Sachs (Goldman Sachs again?), which included betting against Greece’s recovery or some such thing. Of course, we were told that it was those lazy socialistic Greeks who were totally responsible for their financed predicament.

I’ve already dealt with the who do you believe!

The bankrupt American municipalities answer to their financial woes was to offer minimum wages to those who keep the city alive: firemen, policemen, and municipal workers. As usual, the money mongers stray and the peasants pay!

And so it will be until the aforementioned ‘peasants’ pay more attention to the likes of Matt Taibbi and less to the Wall Street Journal or the Financial Post.

Dennis Peacock

 

Clearwater, B.C.

 

 

Just Posted

Charitable group seeks new members

100 People Who Care raise $1,350 for local food bank

UPDATED: Police nab suspect who escaped arrest

Man described to have several tattoos and is wearing dark pinstriped ‎pajama-style pants

West Fraser announces the permanent closure of Chasm sawmill

The third shift for the 100 Mile House location will also be eliminated

Winter Waterfalls project brings 7,500 visitors

Pilot project offered a unique waterfall viewing experience

VIDEO: Rare white killer whale captured by drone near Campbell River

The transient orca has been named Tl’uk, a Coast Salish word that means ‘moon.’

B.C. imposes interim moratorium on resource development to protect caribou

The caribou population in northeastern B.C. has dwindled over the last two decades

B.C. sculptor depicts epic eagle battle in latest piece that took 2,500 hours

Clasped in one of the raptor’s talons is each one’s desire: a living venomous diamondback rattlesnake

Students disciplined after anti-LGBTQ signs posted in Kamloops high school

Vessy Mochikas, SD73’s principal for inclusive education, called incident a learning opportunity

Air Canada expects Boeing 737 Max to resume flying by September or October

Air Canada isn’t worried about safety of the planes, says vice-president

‘The Fonz’ gives thumbs up in letter to dyslexic students at B.C. school

Students in Maple Ridge reached out to Henry Winkler after reading one his Zipster books.

PHOTOS: MP Mark Warawa loses brief battle with cancer

The Conservative Member of Parliament and long-time community advocate died in hospice this morning

B.C. teen killed by falling tree near Victoria

Second youth also injured in freak incident during field trip at Camp Barnard near Sooke

Most Read