Jon Stewart looks at the economy, the bail outs and the Stock Market.
Jon Stewart Smashes Jim Cramer and Exposes Stock Market Shenanigans
A collection of posts that illustrates how trustworthy Fox Business and it's allies really are...
Daily Show: The CBO Report - There's only one small problem with Fox News's apocalyptic, CBO report-based predictions. (02:33): (Hint: It's wrong. Outright lies would be even more accurate... but calling them liars is apparently not nice!)
"FOX FACTS" ARE MADE UP FACTS (BTW, MAKING UP FACTS IS NORMAL FOR FOX NEWS, WHICH IS WHY MEDIA NEEDS TO BE TRANSPARENT & CONTROLLED BY THE PUBLIC)...
IN REALITY, WELL... JUST WATCH THE VIDEOS ABOVE AND BELOW. IT REALLY IS QUITE INCREDIBLE WHAT LIES FOX NEWS CAN GET AWAY WITH...
Daily Show: Terror on Bulls#%t Mountain - The residents of Bulls**t Mountain champion the same "job lock" they once railed against. (02:01):
Notice at 1:27 into the video the Fox News anchor calls Health Insurance "Free Health Care"... either they are so clueless they don't know what insurance is or they are lying to create hysteria which can ONLY work if their audience ONLY watches them... and if they are lying then they are doing their viewers a great disservice and if they ever find out there will be hell to pay.
Note: If they are talking about the Medicaid increase to help the poorest of families... I'm just speechless. And they call themselves Christian!
Daily Show: Terror on Bulls#%t Mountain - Family First - Family comes first with conservatives, except when it goes up against capitalism. (03:54):
It's obvious from the above video that the GOP and Fox News don't care about America or Americans or American Families... just attacking Obama... LOSERS.
A Nightmare on Wall Street - The government executes a shakedown-witch hunt-scalping-jihad against JP Morgan Chase. (05:05):
1:15 - Key Word = Risky Mortgages
2:20 - EVERYONE ON FOX BUSINESS INCLUDING EX-JUDGE NAPOLITANO FOLLOW THE SAME TALKING POINTS
3:20 - Jon Stewart begin to prove that several "business" channels not only don't know how a purchase of a business work but they also don't remember history (or maybe they just don't have access to any records of what they have already said & since all the media is basically using a Rupert Murdoch rag, i.e. Wall street Journal, they end up thinking the same distorted thoughts!)
4:15 - Even the guy Fox Business & Co. are pretending to protect (based on my year of observation) said he put aside money for the asset/business they bought for any liabilities (basic accounting practice). He put aide $28 Billion.
As Jamie Dimon explains... "Any liability related to the assets themselves will come with us". The ex-Judge AND none of hi BUSINESS channel co-horts know what an asset is! & they are talking about business!
Note: 3:29 - What Jury? (threat by Rupert Murdoch through EX-Judge Napolitano to do what they did with the Zimmerman Trail again?)
In the following video you see a person, obviously bought by Rupert Murdoch, and how fearlessly she mocks the NY Times while backing AN EDITORIAL from Rupert Murdoch's paper The Wall Street Journal! How many stooges does Rupert Murdoch have in the "liberal" neo-con media? I'm guessing all of the big 3 i.e. his channel and the channels that existed when George Bush was in power.}
Wikipedia:Rupert Murdoch OWNS The Wall Street Journal
A Nightmare on Wall Street - JP Morgan Chase - CNBC criticizes the government shakedown of would-be government shakedowners JP Morgan Chase. (04:45):
New Phone Hacking Testimony Contradicts James Murdoch's Former executives say Murdoch knew of damaging email
Article background from Wall Street Journal: Rupert Murdoch Contradicts His Previous Testimony In The UK (Tactic Used: 'It's in all other new outlets so it must appear here as well to make this outlet seem legitimate')
BREAKING: Jury selection has begun in the trial of ex-News of the World journalists accused of phone hacking.
In this case you will notice that contract law is supported for Wall Street firms that have already gone bankrupt and only exist because of taxpayer money, while not supporting Public Unions who even Ronald Reagan said enhanced freedom as if you don't have the freedom to form public unions then "freedom is lost".
John Oliver's Arcane Details of Boron-Group Metals Pricing Update
Goldman Sachs bets on the future price of aluminum while simultaneously goosing the future price of aluminum by creating a supply bottleneck in its aluminum warehouse. (05:13) :
Monopoly, designed to teach capitalism,has removed the "go to jail" part of the game.
"Goldman can bet on the future price of Aluminum while simultaneously having the ability to Goose the future price of Aluminum if that's something they find interesting and/or profitable. In the Stock Market that's what's known as Insider Trading in the commodity market thats - (a daily occurrence)" John Oliver
This scheme is costing firm 3,6 billion dollars each year (i.e. this is outright theft through non-transparent stock manipulations)
AN EXPLANATION FOR THE EDUCATED DUMB OF THE US FINANCIAL MEDIA CIRCUIT FROM SUPERMAN III
Basically what Goldman Sachs are trying to pull is one of the oldest tricks in the book. Anyone born before 1980 will probably remember this movie with the simple embezzlement scheme that the Goldman Sachs people copied from (didn't I say somewhere that the GOP gets all it's is ideas from movie:
Superman III - 1983 - Official HD Trailer - Christopher Reeve
Richard Pryor - Computer Hacker - Superman 3
Synopsis Of Relevant Section of Superman 3:
Having now taken a job as a computer programmer at Webscoe Industries, Gus Gorman is extremely disappointed when he sees his first paycheck. "Where did it all go?" he asks. During lunch, Gus and a friend discuss all the percentages taken from a paycheck. When Gus tells him that there has to be fractions of cents left over, Gus's friend tells him that the checks are rounded down to the nearest "half-cent". "Where do those half-cents go?" asked Gus. Suddenly, another light bulb goes on above Gus's head. When everyone else is leaving, Gus is still busy programming.
It's another payday at Webscoe Industries. When Gus is handed his paycheck, he asks the courier if there isn't a second check for him. "I put in a voucherŠ for expenses," he says. "Right you are," says the courier and he hands Gus another envelope. Slowly breaking the seal, Gus pulls out a check for $87,789.90. Gus can barely contain his joy.
Ross Webster, head of Webscoe Industries is interrupted by his accountant who informs him that someone has shrewdly embezzled a large amount from the company coffers. "In the old days," says the accountant, "it was simple. We kept books. We knew what went in and what went out. If someone wanted to rob you, they walked in an said stick-em up. Now with computersŠ" "But, computers are the wave of the future," says Webster. Outraged that someone would dare steal money from them, Ross Webster's sister, Vera, insists that this person has to be caught. "He's bound to slip up," says the accountant. "No," says Ross Webster, "he'll not do a thing to call attention to himself, unless he's a complete and utter moron." Moving to the window Webster sees Gus squeal into the employee's parking lot with a bright shiny sports car.
Ross Webster calls Gus to his office, and he sheepishly enters the luxurious office. "Mr. August Gorman," says Webster, "you've been quite a naughty guy. You want to be rich. You're a genius. A naughty genius, but a genius none the less," he tells Gus. But rather than punish Gus, Webster realizes that someone smart enough to embezzle that kind of money right under his nose can be useful. "I've been searching for a long time for someone that can make computers do what they're not supposed to do. Under different company names, I control the price of coffee. In Venezuela, Brazil, Bolivia and Jamaica. Everywhere except Columbia. We're going to teach them a lesson; destroy their entire coffee crop down to the last bean. Gus, you are going to do that for me."
John Oliver's Arcane Details of Boron-Group Metals Pricing: Update - Aluminum Hoarding
In a scheme so simple a child could understand it, Goldman Sachs gets around commodity-hoarding laws by shuttling aluminum from warehouse to warehouse. (05:19)
BTW, Superman 3 isn't appreciated the way it should be. It's a Richard Pryor classic... and Superman gets drunk!
John Oliver's Arcane Details of Boron-Group Metals Pricing Update - Aluminum Hoarding
In a scheme so simple a child could understand it, Goldman Sachs gets around commodity-hoarding laws by shuttling aluminum from warehouse to warehouse. (05:19):
EVEN-THOUGH THE ACTUAL EMBEZZLEMENT SCHEME INVOLVED ASUPERMAN III TYPE STRATEGY BECAUSE OF THE TYPE OF MARKET THIS IS (COMMODITY MARKET, AS OPPOSED TO THE INSIDER TRADINGPRONE STOCK MARKET AND IT'S COKE FUELED MUSINGS), THERE ARE CERTAIN LAWS THAT EXIST. FORTUNATELY, AS THERE ARE NO WATCHDOGS (OF "WE THE PEOPLE"), AND THERE IS A PROFIT TO BE MADE BY A SIMPLE TRUCK DRIVING SCAM, WHAT WE HAVE IS IF THE NEWEST FORM OF CATTLE RUSTLING KNOWN TO MAN.
THE CORPORATION OVERCAME THE LAW BY DRIVING METAL THEY WERE HOARDING ROUND AND ROUND AND ROUND.
USING THIS METHOD THEY STOLE 3.6 BILLION DOLLARS FROM OTHER BUSINESSES. THIS ISN'T EVEN A VICTIM-LESS CRIME LIKE THE SUPERMAN III CLASSIC EVEN-THOUGH IT USES THE SAME STRATEGY