Joe Cambria is at it again. Trying to deflect criticism of his parasitical homeys with his own brand of idiocy and illogic. Here a commenter says the following:
“Matt Taibbi of Rolling Stone aptly and memorably described Goldman Sach and its equivalents as a “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money” – an accurate description of neoliberalism in action.
Which you defend.”
What would your response be? Well I might try and quibble with the original idea of neoliberalism. Which I see as a great idea. Unfortunately perverted by blood-sucker centrals loyal opposition. Our neoclassical economists who are weak on government parasitism, outright toady’s and betrayers of their field of study when it comes to fractional reservist profiteers, and never saw private debt that they didn’t like. So if the poster is calling that neoliberal, then one might be forced to agree. But I suppose I’d just try and put another term to it, just to try and save confusion. Because I’m a neoliberal. But I don’t want to be associated in any way with these money-debasers, and bailed out subsidised con-artists. Who make their money off high and unstable monetary growth.
How does Cambria handle this attack on the people he looks up to like some sort of house-nigger? He makes a series of flippant deflecting statements that make almost no sense at all. He makes these statements on behalf of people that have scuttled our most important ally, which has left us open to bullying and attack in a very harsh neighbourhood. And therefore he does so on behalf of a crowd who may have helped put an end to us as a civilisation. Isn’t he angry at Goldman Sachs and the others for exposing his children to a dangerous future in this way? No you see he himself is pumped up like a great fat blood-gorged tick. So he has to assume he’s got enough escape and bribe money, and its not he who will have to stick around, and fight or accept foreign overlordship.
But what got me most is his casual dismissal of the excellent and completely accurate work of a young journalist at Rolling Stone magazine. More than any writer in the financial press, young Matt Taibbi really put the Goldman Sachs story together. Matt is a bit of a lefty of course. But he’s a good journalist. And actually he’s one of the very few good journalists his age. If you know of even one other do let me in on the secret since they are incredibly thin on the ground these days.
One had been aware of individual rorts and political abuse from Goldman Sachs and others, but few could have been expected to have had the entire story in depth. So Matt really came through for us with the context of this crowd. And what incredible wealth destroyers Goldman and the other banksters are.
Incredibly Australian governments still deal with these thieves when we don’t need to. Our Feds are consulting with these utter criminals with regards to the national broadband network. As if they cannot decide whether this is to be a socialist or crony undertaking. No good can come with inviting organised crime into the national broadcast network undertaking. Debt ought not be part of this plan. But debt and Goldman Sachs is just asking for trouble. If the NBN is to be done it must be financed out of surplus budgets.
Not only that the Queensland government have involved Rothschilds and known failures Merrill Lynch in their ludicrous privatisation. And of course these charlatans and incompetents have advised the Premier to take a path that will ruin the prospects for an expanded rail network, surely the hope of many, for the rest of this century. The advisors being idiots and thieves. Thats the end of the dream of expanding the inherently economic rail network in that state.
The above youtube of Matt Taibbi is part of a four part interview. What we see is just how superbly Taibbi has mastered the facts and has them at his fingertips. But if you want a second opinion here is the bailed out and subsidised Cambria:
Personally…. I would have used octopus and the better description. Squid sounds so puny in these matters.”
Brilliant financial insight.
“El Cyd… Goldman Sachs political donations have favored the Demo(lition) party in the past 20 years.
You Troll Cydney.”
This to Cambria apparently makes Goldman Sachs less of a Vampire Squid. Their contributions to the Democratic party criminals and bloodsuckers. Go figure. Or it could be Cambria simply deflecting the issue. Perhaps he is focusing on the careless implied definition of “neoclassical.” Once people start mixing up their terminology it gives people like Cambria a chance to muddy the waters further.
Anyhow you can see the bailed out and subsidised welfare-queen-Cambria’s other brilliant insights at Catallaxy. But the main point here is that the fractional reservists are much more the enemy of liberty then your average honest lefty. Even more of an implacable enemy then the bloated public service. It is the bankers we have to go after first. Then we need to try and bring debts down, then we can have hard money. Only hard money can fight the bloated government bloodsucker under democracy. Only hard money leads to sound investment and resource allocation. But hard money without earlier debt reduction leads to years of crippling economic pain. Hence the bankers have to be the first dragon to slay. Then the debt. Then we have the hard money. Only then flow the superior economic and social benefits.