Wall Street Greed
By: Tom Eley
14 January 2010
One of the great historical dynamics in the world
today is the increasing speed at which REAL democracy is
disappearing - contrary to what one hears being trumpeted
from the mainline press. The fact is, the world is not becoming
more democratic, but less - and it is being driven forward
in this process by the ever quickening pace of globalization
and the inexorable division of the world into a small elite
of wealthy "worthies" and a huge population of
indigent "worker-serfs" - a division that follows
in the wake of the globalization process as surely as water
And it is important to note here
that the division of the earth's population in this fashion
is occurring not only in the so-called "Developing
World," but in the so-called "Developed World"
as well - so that now the meaning behind that mysterious
lyric in Rev. 6:6 becomes understandable:
"A measure of wheat for a
penny [literally - denarius, a Greek coin which represented
a WHOLE DAYS wages], and three measures of barley for a
penny; and see thou hurt not the oil and the wine."
The meaning of this lyric is that
the condition of man during this era (i.e., the "end
of days") will be reduced to such that he will have
to labor a whole day simply to buy a loaf of bread or three
measures of barley. But the second part of the lyric [i.e.,
"... and see thou hurt not the oil and the wine ..."]
means that the "hard times" of this period will
not extend to the elites. This is the common interpretation
- the one subscribed to by Ryrie, Pentacost, Ironside, Gaebelein,
SADLY, THE AMERICAN CHURCH HAS
BEEN A CATALYST IN THIS PROCESS. Please see our article,
in the Service of a Religio-Political-Corporate-Terrorist
State;" please also see our article, "The
New World Order: A Closer Look at Today's Ponzi Pyramid."]
In the midst of the greatest economic and social
crisis since the Great Depression, the major US banks are about to announce
multimillion-dollar year-end bonuses for their top executives and traders.
Bankers are able to resume full tilt their mad pursuit of personal enrichment
due to the plundering of the treasury carried out for the sole purpose of
bailing out the "financial wizards" whose speculative practices precipitated
This is a global phenomenon. In all the major centers
of world finance, the financial elites are emerging from the economic wreckage
stronger and more powerful than ever, and are dictating the terms of their
own enrichment to servile governments.
In the US, Goldman Sachs is expected to announce
bonuses totaling more than $20 billion, about the same amount as California's
state budget deficit. One analyst estimates that the average Goldman bonus
will approach $600,000, and that some executives may take home more than $10
million. It is anticipated that Goldman Sachs, Bank of America, Citibank,
JPMorgan Chase and Morgan Stanley will together pay out $90 billion in 2009
executive compensation, with more than half in the form of bonuses.
In a transparent attempt to preemptively divert and contain public outrage,
government announced a proposal to put in place a surtax on 20 banks that received
funds through the Troubled Asset Relief Program (TARP). According to the administration,
this would raise $120 billion over ten years—not much more than the five biggest
banks will pay their executives for 2009 alone.
The surtax proposal comes together with another public
relations stunt—the hearings held this week by the Financial Crisis Inquiry
Commission, the toothless body set up for the purpose of whitewashing the
criminal activities of the bankers.
Whatever the precise details of "the government's
gentle bank tax," as the Wall Street Journal calls the measure, it
can be said with certainty that it will result in no significant penalty for
Wall Street. The proposal will be blocked or watered down to the point of
irrelevance by a Congress comprised of politicians who depend on campaign
contributions and other bribes from the very banks they purport to regulate.
Such has been the fate of the much-vaunted proposals for pay restrictions,
the bank regulatory overhaul, credit card "reform," and the government's so-called
The response of the princes of Wall Street to even
the slightest encroachment on their right to salaries hundreds of times greater
than those of mere mortals is to bristle with indignation.
Much like the powdered wig-bedecked aristocrats of
the French Ancien Regime, these modern-day lords and ladies insist
on their unchallengeable right to unlimited personal enrichment. "I am a little
tired of the constant vilification of these people," an indignant JPMorgan
CEO Jamie Dimon said this week of the furor over bonuses. "I don't think it's
just whining," another unnamed executive said of the bankers' protestations.
"There are legitimate liquidity issues that people have."
These are people who produce nothing of value. Unlike
the captains of industry of an earlier period—associated with names such as
Carnegie, Rockefeller, Edison and Ford—whose enormous personal wealth was
bound up with the creation of vast industrial empires, today's robber barons
have made their fortunes through parasitic financial operations bound up
with the destruction of industry and a relentless attack on the living standards
of average people.
In the midst of soaring foreclosures and growing
hunger and poverty, the financial elite flaunts its wealth. "As traders and
investment bankers near the finish line of what looks like a boom year for
pay, some are spending money like the financial crisis never happened," the
Wall Street Journal recently reported. "From $15,000-a-week Caribbean
getaways to art auctions to $200,000 platinum wrist watches ... signs of the
good life are returning." New York's elite real estate brokers are "outright
giddy" over the bonuses, which will "boost sales, particularly in the $2 million
to $5 million range."
More than a year after the near-collapse of the US
and world economy at the hands of the bankers, nothing has been done to reform
the financial system. Nobody has been held accountable. On the contrary,
the banks have exploited the crisis of their own making to make more money
than ever, and the government, the courts and the media have revealed themselves
as mere handmaidens of what can rightly be called a financial aristocracy.
This demonstrates that the concentration of wealth
in the hands of a tiny elite and its unbounded pursuit of personal enrichment
are not mere excesses or aberrations of an otherwise rational and healthy
system. These characteristics are rooted in the very nature of today's American
economy as it limps into the 21st century.
We need your help to spread the word concerning Antipas Ministries and the
eschatological viewpoint it represents; WE NEED YOUR
HELP BECAUSE WE DO NOT "LINK" WITH OTHER SO-CALLED "CHRISTIAN"
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insofar as their loyalty to the United States is concerned
- a loyalty that has made them partners in the BLOODY
trail the American military has left in its TERROR-RIDDEN
rampage throughout the world, as well as making them partners
in the abject poverty that American corporations have
imposed on the peoples and nations the American military
machine has ravaged - A BLOODY, TERROR-RIDDEN RAMPAGE
THAT HAS TO A LARGE DEGREE BEEN CARRIED OUT IN THE NAME
OF THE "PRINCE OF PEACE." [Please see our articles,
"The Third World
as a Model for the New World Order," Inside
the American New World Order System" and "The
American Empire: The Corporate / Pentagon / CIA / Missionary
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