A week ago I wrote an article on how fascism had fully integrated itself into the U.S. government, and where in a Wikileaks dissemination we found out that Citibank had given a list to incoming President Barack Obama on who to assign to his cabinet and as expected, many of these ‘suggestions’ were implemented.
But as we head towards the election of a new President in less than three weeks, an interesting op-ed by one of the largest Wall Street hedge funds suddenly takes this new role of fascism that was primarily used in a ‘guidance’ stage to a completely new level as the COO of Blackrock is now calling for a tax on all Americans that would go directly to Wall Street and provide them unending liquidity to keep propping up their stocks and speculations.
David Sirota just penned a very important and interesting article zeroing in on how Wall Street is maneuvering to propose and implement a new retirement tax on Americans under a Hillary Clinton Administration.
Leading the charge is billionaire financial oligarch Tony James, who is COO of private equity giant Blackstone. Mr. James is a generous contributor to Hillary Clinton’s Presidential run, and is listed as a “Hillblazer” by her campaign for having raised at least $100,000 toward her candidacy.
While many Americans already know that much, most of you will be totally unaware of his aggressive plan to force a 3% payroll tax on the public which will be immediately funneled to Wall Street management firms, including “alternative managers” such as hedge funds and private equity. It seems like a very bizarre time to initiate such a proposal considering many public pension funds are actively ditching alternative managers after realizing they’ve been paying extraordinarily high fees for pitiful performance. In other words, they’ve been ripped off. – Liberty Blitzkrieg
Wall Street, as well as the central banks, know the financial jig is up and have been conducting monetary policies over the past eight years to siphon wealth from the people into the hands of the 1%. And it appears that scheme is finally coming to a head as more and more people wake up to the fact that what they thought was wealth protection under the laws of the government was in fact a mirage that masked the reality that their pension funds, savings accounts, and nearly all of their money has not only been at risk, but has slowly been taken through mechanisms like ZIRP and price inflation.
In 2010 former Speaker of the House Nancy Pelosi proposed a bill that would have taken everyone’s 401K’s, IRA’s, and Mutual Funds and moved them into a government controlled fund that would have promised a 3% annual return. Then a few years later President Obama created a similar scheme known as MyRa, which tried to deceive people into investing in U.S. debt rather than tangible assets.
And now the banks and hedge funds that realize the system is collapsing are looking to Hillary Clinton to achieve their own theft of the American people, and since Congress holds the power to tax the populace into oblivion, it is not out of the realm of possibility that these bought and paid for tools would pass such a bill.
Kenneth Schortgen Jr is a writer for The Daily Economist, Secretsofthefed.com, Roguemoney.net, and Viral Liberty, and hosts the popular youtube podcast on Mondays, Wednesdays and Fridays. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.