Wells Fargo and Class Action Settlements

I had a wonderful conversation with a "banker" at Wells Fargo at 877 924 8697 about whether or not Wells Fargo had opened any accounts in my name.  Why they would not know that already and arrange to return any money is of course, typical corporate bullshit and theft.  But we checked and there is no unauthorized account in my name (didnt think there was, really) so I cant claim any money on the class action settlement.

What I really want of course is for their CEO who retired with $120 Million, coincidentally nearly the amount of the class action settlement, to give all that money to charity, but that will never happen in America where the rich live by one rules and exploit the rest of us.

Communist Conspiracy or World Financial Collapse?

This post will attempt to channel certain belief systems from the long - over Cold War in order to explain current events in the world economy.

There is a lot of concern in certain circles that the crash of the Shanghai stock market will not only affect the Western stock markets, but that it signals a recession or depression in mainland China that will also affect the economies of the West.  No one really knows how this one will turn out and every day you read a different story as the stock markets in China and the west continue to evolve.

Back in the good old days of the Cold War, 1960 or so, America and the world-at-large would not have had to worry about the Chinese communist stock market crash.  This is because back in those days the communist Chinese were actually real Marxists and would never, ever have allowed that discredited tool of capitalism, the stock market, to exist as part of their economy.

Communist cadres would have fought to the death to prevent such an abomination from coming into existence.  So how can we explain that this modern communist government has a stock market?  There are only two explanations that seem possible: either they have fallen into sin and abandoned their most cherished beliefs in a shallow attempt to get rich or it is part of a larger plot to destroy the West by emphasizing the contradictions of decadent Western Capitalism.

Furthermore, the Shanghai stock market is not the only anomaly.  We also have the spectacle of the Chinese Communist Party selling their own people as disenfranchised slave labor to western capitalists in order to increase the profits of western corporations and make China the (cheap) manufacturing center of the global economy.

This is is a very odd situation it seems to me.  Karl Marx and Chairman Mao must be spinning in their graves.

And of course the potential collapse of the Chinese market threatens both the larger Chinese economy as well as the world financial markets since we are all part of the global economy whether we want to be or not   But surely the collapse of the Shanghai market could not have been a surprise to the Communist party.  Even the most casual student of capitalist economies of the last two centuries would have shown them that market crashes as a result of speculation and/or panic and the resultant economic depression is what unregulated markets do.   It is their nature.

Our managed press and slave-economists notice nothing and say nothing while the world holds its breathe and waits to see whether the economy is about to take another fall.  .

But in the more entertaining days of the cold war, things would have been different.   Back then, political and economic analysts would look at this implausible communist capitalist behavior and the uncertainty caused by the collapse of their finance market and suspect that we were witnessing some sort of implacable communist conspiracy to destroy western democracy.   I propose that the broad outlines of the perceived plot would be as follows: 

1. First, China would use their slave labor to attract manufacturing to its shores with the intent to utterly destroy manufacturing in target nations, such as the USA and rely on the self-destructive greed of the wealthy industrialists of the west to sacrifice any value or public good in order to increase short term profits.  In so doing, the wealthy industrialists put a huge number of people out of work in America while continuing their efforts to finally destroy any remnant of the labor movement.  Disenfranchised, impoverished and without help from their government who is indifferent to the misery of the poor, these unemployed people will be excellent recruits for future revolutionary movements.

2. The Communist elite then use standard capitalist techniques to stimulate their economy in specific sectors. Economic stimulation, trade barriers, and other policies create an overheated economic boom.  In this way, China becomes the fastest growing economy in the world, at least for a while. The International Communist Conspiracy is almost ready to pull the rug out from under the feet of the Western dupes who suspect nothing.

3.  In an astonishing rejection of fundamental Marxist theory, a Chinese stock market is created.   Stocks are traded, valuation goes through the roof, and investors from all over the world make substantial investments in Chinese ventures and Chinese billionaires make investments in American and other non-Chinese companies. 

4. Now, having made the stupid west dependent on your economy for their profits and integrated their financial markets with your own, you begin to pull the whole thing apart.  First you selectively stop overheating your economy, causing sectors like real estate to begin to implode. 

5. Your stock market collapses and takes the western markets with it.   The world economy collapses.

6. The communist cells created from the people whose lives were destroyed by the greed of the Western capitalists are activated and a revolution occurs in the west which soon becomes part of the international communist government controlled by Beijing.

7. Helpless, and with their traditions of freedom destroyed, you can now implement your evil plan to implement gun control, teach evolution, and force everyone to have socialized health care.

V. I. Lenin said, “The West will sell us the rope we will use to hang them”. And he may yet turn out to be correct.

I have one more thing to say before I drop this line of thought..

We live in a very strange time in American and the world.  I think it is much stranger than we, who are immersed in it every day, realize.  And I cite to you by example the fact that the last major Communist nation in the world should in fact both have a stock exchange and be suffering from the classic instability of an unregulated finance market.  Say what you will, explain it however you care to, but I think it is fair to say that this is a very weird situation.


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For more on the despicable Chinese way of war see the Art of War by that proto-commie, Sun Tsu. https://en.wikipedia.org/wiki/The_Art_of_War

My Letter to the President of the United States Requesting a Bailout

As a few of you know, I have been working with my representatives in Washington in order to prepare the way for a government bailout of one area of computer animation, research and production, in this country.  The particular bailout that I have been working for is, of course, for myself, but I have no doubt that once this first effort is approved, that others will be able to apply as well.  The following is the letter that was mailed to President Obama.

_____________________________________________________________________

Michael Wahrman

Rancho Rincon del Diablo, California 92026

michael.wahrman@gmail.com

President Barack Obama

The White House

1600 Pennsylvania Ave, NW

Washington, DC

December 9, 2013

Dear President Obama,

I have hesitated writing this letter for many years now but recent events have forced my hand. I hope you will understand.

Not to beat around the bush, so to speak, I have decided to request a government bailout.

My circumstances are that having done many years service, and having helped to create a billion dollar industry, computer animation, I find myself unemployed due in part to government policies (policies of globalization and of other government subsidies which our government does not protest). There are other reasons as well, but the impact of government action and inaction is certainly significant. Because of this, my financial well being has been severely damaged.

But I have hope. The US Government had no problems bailing out the malignant and incompetent financial industry in their time of need a few years ago, and I am neither malignant nor incompetent, merely guilty of misplaced enthusiasm and incorrectly assessing risk, just like Wall Street.

And lets be honest here, the US Government and society encourages people to be entrepreneurial without emphasizing the terrible risk of failure and the financial implications thereof. It seems only fair that the Government should therefore pick up some of the costs of risk just like they do for large corporations when it is convenient.

I know that times are tight in Washington these days, what with Sequester and the right wing Republicans out of control and on the warpath, but I feel certain that my request is so just and reasonable that you can find the money out of one of your discretionary funds. I feel certain of it.

So shall we say ten to twenty million $US? Too little and we might have to come back a second time which would be annoying.    Too much and people would think we were being extravagant. Lets split the difference and go for a clean $15M US. What do you think?

I know you are very busy, so feel free to assign the details of this request to one of your assistants for the details of the money transfer and other paperwork issues.

Of course, if you have any questions, feel free to ask. Probably email is the best way to reach me.

Congratulations on your reelection, keep up the good work.   By the way,  my family has been loyal Democrats for at least three generations.

                                                    Sincerely,

                                                   Michael Wahrman