“I know you robbed the liquor store and killed the owner but what will happen to your family without your financial support? Therefore we’re going to give you a thousand dollar fine as long as you don’t do it again.” -If people were tried like corporations.
@@SLagonia Yeah, as a casual observer from across the pond, even I can see the "reforms" on bail and other initiatives in cities such as NY and Chicago don't exactly seem to be helping anyone other than the very people who more often than not shouldn't be let back out on the streets at all, never mind being bailed without conditions?! Took a weeks holiday in NYC this past January, staying in a hotel on West 39th and the place felt "different" since my last trip there in 2009. I still love the city and will definitely be going back when I can afford it, but this time round I felt I had to be far more on-guard and aware of my surroundings, especially during the evenings. Still, it's an oasis of peace compared to London!!
Calling something too big to fail is a misnomer. The phenomenon it refers to is of big things not being allowed to fail. We should say, "Too big to not need external support and, by the way, we really should support this thing because it is so big that if it falls it will crush us." Rolls off the tongue.
@@cat-le1hf it wasn't when it was first coined. It was a bs propaganda term used to scare people, it was revived during the 2008 collapse of the housing market, since then it has become ironic
My husband shared this video with me since I’m in a white-collar crime class. I just finished writing my final, which actually touched on repeat offenders and discussed JPMorgan Chase as well. I suggested that if a business is “too big to fail” then we have not prevented a monopoly. I said we should prosecute them all, and, if a company fails, another company will eventually fill the vacuum! Great video!
Totally agree. But what do we do, when there will be extensive collateral damage in the process of failing and eventual replacement? To me the TBTF speaks as much about the fallout as the entity that's failed, if not more so.
During the talc lawsuits, Johnson & Johnson assigned liability to a company they created, and that company has filed for bankruptcy now, in an effort to avoid settling cases or minimize settlement payments. J&J is the worst.
Sounds eerily similar to another purveyor of finest quality deadly asbestos. Good to see they share notes. Easier to identify the culpable for future reference.
Not only should we prosecute more, we should have a corporate death penalty. That doesn't mean that anyone gets killed, but rather that any corporation found guilty of any sufficiently heinous malfeasance should undergo a total or partial structured dissolution; it's assets nationalized and possibly resold; lifetime bans on working in the industry for those higher in the corporate structure. Like anti-trust restructuring, but more complete, and with a possibility that the government simply absorbs the corporation. Ultimately, many industries work more justly with democratic oversight (cough: railroads) But really, this isn't just about reasonable economic and justice policy, it's about revenge.
The problem with anti trust cases is that it ultimately became leverage if you didnt lobby for the correct people. It's messed up. Nationalizing an entity almost always ends in disaster and tax payers pay the bill.
You are doing a legitimate moral good, Georg. Thank you for the fantastic journalistic pieces. Brought to you by Hip-Tang! Hip-Tang! Now Talcum powder free.
I just love this guy, he makes it look so easy to put all of this together, but it must have been a ton of work, and somehow I dont question a thing this guy says. Preach on brother.
After watching or reading something like this I'm always left with a feeling of, "what can I do? What can WE do? We, the ones who die from asbestos laced talc powder and lose our life savings in State allowed scams?". Then I take a sip of bleach, just to dull the pain a bit.
I don't think there is any real answer. You have to be either Trump levels of rich or be sponsored by these massive companies in order to get anywhere in politics. Any organization that is against this system is quickly turned into controlled opposition if it wasn't one from the start.
@frazzo83 General strike. Hit them where it hurts--their wallets. Find the pressure points where billionaires are at odds with other billionaires, then exploit those differences. Refuse to vote for anyone not pledging to get all money out of politics and make those pledges enforceable. Refuse to vote for anyone who takes corporate money or any donation over $1,000.
And people look at me aghast when I simply notice how Reagan was as destructive to the U.S. as any president in history. He set us on the road to a destroyed middle class, among other things, a job largely completed under Clinton.
I forget about these individual incidents over the years, because what am I going to be able to do, but when you string them all together it's even worse. But what goes up must come down, it will be a glorious fall.
I have a feeling this video isn't going to be promoted by UA-cam much. I'm happy I checked in on your channel again... You've really been knocking it out of the park Georg. I think these videos you've been making on some of the serious issues we face today shed much needed light
„Basically allied“ is really inaccurate here, because politicians are essentially bullied into doing this or else they lose their campaign funding without wich it is virtually impossible to get any public office
this is the important stuff that needs to be talked about. this is where the outrage belongs. it saddens me that people fill their days with the most trivial things to be upset about while the people at the top fill their pockets
I would say it's interesting what has occurred after the legal definition of 'corporation' was created, distinct from 'company'. But then again, that was the whole point.
SCOTUS considers multinational corporations to be “persons” who enjoy the rights that such recognition confers, but these entities will never spend a day behind bars because they’re “too big to fail” and…well, reasons.
Thank you for making these videos Georg. You’re doing important work. I’ve been talking about the corporatocracy in the US for years, and you’ve managed to put it all so eloquently.
Its the same people that tells us to hate eachothers all over the world. Meanwhile their hands goes in our pockets.. Wine an dine on worlds hate..yeck......Good work dude..Sir!
This is his best video yet, I've been screaming this for yrs. This is why REAL change isn't happening and why we don't actually live in a democracy, its a kind of republic. We can vote but we dnt have any say over policy. Its not a problem of our politicians, its us the people. We're the problem
@@JohnSmith-mc2zz i agree but id say it's more like a cult. People aren't voting for or supporting any person or idea, they're are just opposing the other side. It won't change till people rise up and demand the money gets out of politics.
Georg, I don’t know how you have the mental strength to make these videos, but I thank you for it. Most of the scandals you have covered are familiar to me, but I wouldn’t want to take the time you have done to document them so thoroughly. This stuff is corrosive to the soul. The fundamental principles which we think govern our world, simply don’t exist. The legal system is corrupt, the law making process is corrupt, the election process is corrupt and through the use of technology free speech has been neutered. Have you looked at the scientific community and the reproducibility crisis? Much of what we think of as settled science in some areas is nothing of the sort. Especially Diet, food pyramid, statins, heart disease, cholesterol. I’m sure you already familiar with the fact that psychology and economics are two disciplines with all the trappings of scientific rigour, but are essentially no more valid than witchcraft or astrology. Well done exploring these rabbit holes and not ending up in conspiracy land. Much easier to believe that reptiles are responsible for all this, than your fellow human beings. Keep up the good work, you are doing us all a great service.
Agree with this down to the last word. The writing and the research are thorough. Sometimes i think conspiracy theorists rather believe it's reptilians, because to know that something like the shoah can repeat itself because of the preparedness of so many to assist, is just too crushing. There's an animation or monster movie element, something fantastical, needed to cope. Anyways, video's of this level speak to what's on my mind but that no one wants to talk about, so next to being informing, it also makes me feel less alone.
You nailed the part about the knowledge of such things being corrosive. I feel this way about my workplace & it is unbearable sometimes- knowing about the unequal distribution of labor, the badly delegated responsibilities, the vital info that goes uncommunicated for devious reasons... & recognizing those who perpetuate these trends has done nothing but tank my mental health. Normally, I'm optimistic- always looking for the bright side, looking for ways to improve & make things more efficient. This sort of thing makes me want to give up entirely
I really enjoy your content Georg: the way you cast light to these topics, your dry humor, the atmosphere; every time I come to your channel with having zero knowledge on these topics and at the end finding it tremendously interesting, all of that, I love. Thank You so much for all the work you have put through these years
Love these videos. I'm so grateful for content creators like yourself, who I've followed since machinima days, who broadcast truth like a beacon of illumination.
The impression I always get from American corporate culture is that if one could find a way to control and monetize access to the very air we breath they would be given a license to do so. If you challenged them the response would simply be: " We are carrying on a legitimate business, pay up or stop breathing. Now get off my lawn!" In places American corporations have already done this with water. Do you really think there is some line in the sand due to the difference in imminent necessity between air and water?
Absolutely fantastic stuff. Loved it so much on your Patreon channel, I thought I'd come and watch it here as well. Thanks for all the work you do, especially on these longer videos. You're a star. If only there were more of us on Patreon we might get to see more of you.
speaking of too big/powerful to fail. **cough** Peloski's husband got into a car collision, found to be DUI. Gets off with a misdemeanor. I was charged as a fellon for being in possession of a 4" carbide locking utility knife. i work with metal sheets and wires. Thankfully the Judge has more sense than the cops and DA
@@068067 not to mention her telling poker face and demeanor when confronted about insider trading. Heck not even insider trading, but asjed on her opinion if law makers should be barred from trading stocks lol
Thanks for this one I knew I would be (enjoying?) the topic when I read the title. The protections available to our betters is disgusting. Laws for thee not for me should eventually bite them in the ass.
I've figured out that the people who say "oh come now, it's really not all that bad..." are wholly unaware of how bad it truly is. And I'm certain that is by design. I can't wait until they're drug out into the streets. Then they can't stand on our shoulders to call themselves tall anymore.
Geeezzz... i'm watching it the 3rd time now and it STILL kicks me in the guts! Thanks a lot for this beautiful, concise documentary. I'm gonna get a boat... there's no mobs offshore...if this /really/ sinks in with the majority of people, i really don't want to be anywhere near congregations of people ! Damnit... best regards from DeutscheBank-Country....sigh...🥴
Much more than $498 billion in bailouts. TARP alone was $800 billion! Plus you have "Quantitative Easing" with was essentially a series of bailouts - zero percent (or near-zero) money from the Fed.
Investment banking is , essensialy, another military branch - they get slap on the wrist if innocents start to suffer, but they won't make them stop operating, it's just too damn profitable. It's a golem situation: it's amazing when it works and fights your enemies, but can easily turn on you.
Marvellous! Would it be naïve of me to note that none of these guidance documents seem to have made any mention of right and wrong or justice? Is this because such basic principles are an absolute and obvious given or because they are not deemed worthy of consideration?
Many people regard this is "business corrupting democratic government," but as Martin Mayer said in the beginning this is impossible without first having the backing of the state. This is a cycle that has borne itself out over multiple administrations and under supposedly vastly different administrations, so it is not simply a party political or ideological issue. The trick most people miss is that as this cycle continues it reveals that the government, especially when it comes to providing housing, uses their underwriting of these institutions to provide housing liquidity where there really is none. Yes, people in these institutions get their payday but what it is really about is providing the illusion of affordable mass home ownership when the capital stock is too low to allow it. In this way the financial sector is subsumed by the goals of a "liberal democracy," Vis-à-vis the creation of illusory mass material progress to satiate a population, not the other way around. When government technocrats control The Federal Reserve, and can conjure mass amounts of money and fiduciary media out of thin air, money is meaningless at the apex of the power structure.
WTF! I been subscribed and this is one of maybe 3 channels I have the bell notifications turned on for so I know as soon as a news video is uploaded. But I didn't get any fuckin notification about the new video! Ahh well, fuck it. Happy to see more.
My career in finance ended with the spectacular implosion of the banking industry around 2009. It felt like the end of the world back then and I was sure things would change, people would demand justice of some sort. Wow was I wrong.
Regarding the saving and loan collapse: I worked with the government agency to examine and recover S&L losses. In short order I learned the agencies primary objective was to hide the fraud and losses. In fact, the agency hired the very fraudsters that collapsed the S&L's!
“I know you robbed the liquor store and killed the owner but what will happen to your family without your financial support? Therefore we’re going to give you a thousand dollar fine as long as you don’t do it again.” -If people were tried like corporations.
Hell, seeing how many big city DAs are acting, some people are.
Actually, we're starting to do that... And it's not helping.
@@SLagonia
Yeah, as a casual observer from across the pond, even I can see the "reforms" on bail and other initiatives in cities such as NY and Chicago don't exactly seem to be helping anyone other than the very people who more often than not shouldn't be let back out on the streets at all, never mind being bailed without conditions?!
Took a weeks holiday in NYC this past January, staying in a hotel on West 39th and the place felt "different" since my last trip there in 2009. I still love the city and will definitely be going back when I can afford it, but this time round I felt I had to be far more on-guard and aware of my surroundings, especially during the evenings.
Still, it's an oasis of peace compared to London!!
And if the thousand dollars was way less than you got away with, and stashed.
Without mentioning that they get to keep what they stole from the liquor store which is likely at least 10x the value of the fine
Profit.
If anything is too big to fail, then it's an unreliable, unstable, unsustainable system that deserves to collapse.
It's also a nonsensical illogical statement. In almost all instances the bigger thing tends to have a higher failure rate
Agreed. If you think you "need" corruption, you're lying. Lying to yourself, and the world.
Calling something too big to fail is a misnomer. The phenomenon it refers to is of big things not being allowed to fail.
We should say, "Too big to not need external support and, by the way, we really should support this thing because it is so big that if it falls it will crush us."
Rolls off the tongue.
@@iivin4233 I understand what it means but I would argue it's not a misnomer, it is a lie masqueraded as something it's not
@@cat-le1hf it wasn't when it was first coined. It was a bs propaganda term used to scare people, it was revived during the 2008 collapse of the housing market, since then it has become ironic
My husband shared this video with me since I’m in a white-collar crime class. I just finished writing my final, which actually touched on repeat offenders and discussed JPMorgan Chase as well. I suggested that if a business is “too big to fail” then we have not prevented a monopoly. I said we should prosecute them all, and, if a company fails, another company will eventually fill the vacuum! Great video!
Totally agree.
But what do we do, when there will be extensive collateral damage in the process of failing and eventual replacement?
To me the TBTF speaks as much about the fallout as the entity that's failed, if not more so.
During the talc lawsuits, Johnson & Johnson assigned liability to a company they created, and that company has filed for bankruptcy now, in an effort to avoid settling cases or minimize settlement payments. J&J is the worst.
Sounds eerily similar to another purveyor of finest quality deadly asbestos. Good to see they share notes. Easier to identify the culpable for future reference.
Not only should we prosecute more, we should have a corporate death penalty. That doesn't mean that anyone gets killed, but rather that any corporation found guilty of any sufficiently heinous malfeasance should undergo a total or partial structured dissolution; it's assets nationalized and possibly resold; lifetime bans on working in the industry for those higher in the corporate structure. Like anti-trust restructuring, but more complete, and with a possibility that the government simply absorbs the corporation. Ultimately, many industries work more justly with democratic oversight (cough: railroads)
But really, this isn't just about reasonable economic and justice policy, it's about revenge.
Brilliant.
Definitely agree with this.
Quite sure companies would just flock over to anywhere where these laws don't apply.
You've made capitalism somewhat bearable, that's a brilliant idea
The problem with anti trust cases is that it ultimately became leverage if you didnt lobby for the correct people.
It's messed up.
Nationalizing an entity almost always ends in disaster and tax payers pay the bill.
Georg is a unique content creator. Important topics, well written / researched and funny as sh*t. I love this channel!!
By far the best channel on this labyrinth of dirge.
It’s psychopaths and corruption all the way down.
In Ireland we pay a new ‘ temporary’ tax since 2008 called USC or universal service charge. If and when banks fail, you will pay
You are doing a legitimate moral good, Georg. Thank you for the fantastic journalistic pieces.
Brought to you by Hip-Tang! Hip-Tang! Now Talcum powder free.
I will increase my patreon donation to you knowing this will lead to my extradition to the US on conspiracy charges.
If you don’t know nothing, I don’t know nothing. Cheers
I just love this guy, he makes it look so easy to put all of this together, but it must have been a ton of work, and somehow I dont question a thing this guy says. Preach on brother.
After watching or reading something like this I'm always left with a feeling of, "what can I do? What can WE do? We, the ones who die from asbestos laced talc powder and lose our life savings in State allowed scams?". Then I take a sip of bleach, just to dull the pain a bit.
Then you realise that bleach bottle contains microplastics and you've just shortened your life by another decade... Bollocks...
vote harder
I don't think there is any real answer. You have to be either Trump levels of rich or be sponsored by these massive companies in order to get anywhere in politics. Any organization that is against this system is quickly turned into controlled opposition if it wasn't one from the start.
@frazzo83 General strike. Hit them where it hurts--their wallets. Find the pressure points where billionaires are at odds with other billionaires, then exploit those differences. Refuse to vote for anyone not pledging to get all money out of politics and make those pledges enforceable. Refuse to vote for anyone who takes corporate money or any donation over $1,000.
Find out where they live, and pump them full of mayonnaise.
Love your content thanks for all the hardwork you put in
And people look at me aghast when I simply notice how Reagan was as destructive to the U.S. as any president in history. He set us on the road to a destroyed middle class, among other things, a job largely completed under Clinton.
Putin 🤔
@@HassanSra Ah-Haa!
props for tackling this subject matter, the more this comes to the forefront on a mass level the better. it's honestly getting pretty dire
that jeffery cut away to the urn was editing gold
I forget about these individual incidents over the years, because what am I going to be able to do, but when you string them all together it's even worse. But what goes up must come down, it will be a glorious fall.
This has occurred regularly since the early 1800's
Brilliant. It's almost jarring to see American legal and political discourse that avoids culture war crap.
Just look at what’s coming out about Uber now. Politicians and corporations are now in a mostly symbiotic relationship. Great work as ever Georg.
Just hit the 27 second mark. Now strapping in and buckling up. This is going to be a ride.
I have a feeling this video isn't going to be promoted by UA-cam much. I'm happy I checked in on your channel again... You've really been knocking it out of the park Georg. I think these videos you've been making on some of the serious issues we face today shed much needed light
Corporations became untouchable because they basically allied with the politicians.
„Basically allied“ is really inaccurate here, because politicians are essentially bullied into doing this or else they lose their campaign funding without wich it is virtually impossible to get any public office
this is the important stuff that needs to be talked about. this is where the outrage belongs. it saddens me that people fill their days with the most
trivial things to be upset about while the people at the top fill their pockets
I enjoy your content, and now it's even better. I will buy that for a dollar.
I got that reference.
☝️
I would say it's interesting what has occurred after the legal definition of 'corporation' was created, distinct from 'company'. But then again, that was the whole point.
There's one line in a Dire Straits song that sums it all up perfectly:
"I've legalized robbery, called it believe" - Dire Straits - The Man's Too Big
belief
@@cloughie1981 You're right, my bad.
Gotta like and comment for this: better journalism than you get on TV Georg you're smashing it
really appreciate the work you do, I really hope your presence on UA-cam continues to grow, you deserve so much more subscribers and attention.
SCOTUS considers multinational corporations to be “persons” who enjoy the rights that such recognition confers, but these entities will never spend a day behind bars because they’re “too big to fail” and…well, reasons.
And who can argue with that logic.
Thank you for making these videos Georg. You’re doing important work. I’ve been talking about the corporatocracy in the US for years, and you’ve managed to put it all so eloquently.
Its the same people that tells us to hate eachothers all over the world.
Meanwhile their hands goes in our pockets..
Wine an dine on worlds hate..yeck......Good work dude..Sir!
This is his best video yet, I've been screaming this for yrs. This is why REAL change isn't happening and why we don't actually live in a democracy, its a kind of republic. We can vote but we dnt have any say over policy. Its not a problem of our politicians, its us the people. We're the problem
@@JohnSmith-mc2zz i agree but id say it's more like a cult. People aren't voting for or supporting any person or idea, they're are just opposing the other side. It won't change till people rise up and demand the money gets out of politics.
Read the Powell memo
Cheers for the video 🥂 and thanks for always bothering to include subtitles, it doesn't go unnoticed
Your choices of video topics get more and more interesting. Also catching & liking the Adam Curtis influences in the B-roll
Georg, I don’t know how you have the mental strength to make these videos, but I thank you for it. Most of the scandals you have covered are familiar to me, but I wouldn’t want to take the time you have done to document them so thoroughly. This stuff is corrosive to the soul. The fundamental principles which we think govern our world, simply don’t exist. The legal system is corrupt, the law making process is corrupt, the election process is corrupt and through the use of technology free speech has been neutered. Have you looked at the scientific community and the reproducibility crisis? Much of what we think of as settled science in some areas is nothing of the sort. Especially Diet, food pyramid, statins, heart disease, cholesterol. I’m sure you already familiar with the fact that psychology and economics are two disciplines with all the trappings of scientific rigour, but are essentially no more valid than witchcraft or astrology. Well done exploring these rabbit holes and not ending up in conspiracy land. Much easier to believe that reptiles are responsible for all this, than your fellow human beings. Keep up the good work, you are doing us all a great service.
Agree with this down to the last word. The writing and the research are thorough.
Sometimes i think conspiracy theorists rather believe it's reptilians, because to know that something like the shoah can repeat itself because of the preparedness of so many to assist, is just too crushing. There's an animation or monster movie element, something fantastical, needed to cope. Anyways, video's of this level speak to what's on my mind but that no one wants to talk about, so next to being informing, it also makes me feel less alone.
You nailed the part about the knowledge of such things being corrosive. I feel this way about my workplace & it is unbearable sometimes- knowing about the unequal distribution of labor, the badly delegated responsibilities, the vital info that goes uncommunicated for devious reasons... & recognizing those who perpetuate these trends has done nothing but tank my mental health. Normally, I'm optimistic- always looking for the bright side, looking for ways to improve & make things more efficient. This sort of thing makes me want to give up entirely
This channel is the best.
I really enjoy your content Georg: the way you cast light to these topics, your dry humor, the atmosphere; every time I come to your channel with having zero knowledge on these topics and at the end finding it tremendously interesting, all of that, I love. Thank You so much for all the work you have put through these years
I felt actually sick after watching this, and that really doesn't happen often.
@@chewcab8008 I really haven't, kiddo.
I love the evolution of your channel over the years
Fantastic Georg. You put a lot of hard work into this and I appreciate it.
Really like the editing you did with these visuals. Adam Curtis subconscious vibes in here
I think the biggest tragedy in this video is the lack of a "and here's Georg in a hottub explaining financial wrongdoings." segment. What a loss.
somebody has been watching munecat
Incredible video, totally well investigated and well explained. I hope to see more of this videos with this series of corruption stories and scandals.
Love these videos. I'm so grateful for content creators like yourself, who I've followed since machinima days, who broadcast truth like a beacon of illumination.
I haven't even seen this yet and o already hit the like button. Every time I see a new video I say to myself, "here we go"
Existential crises. Now THAT'S the Hiptang.
The impression I always get from American corporate culture is that if one could find a way to control and monetize access to the very air we breath they would be given a license to do so. If you challenged them the response would simply be: " We are carrying on a legitimate business, pay up or stop breathing. Now get off my lawn!"
In places American corporations have already done this with water. Do you really think there is some line in the sand due to the difference in imminent necessity between air and water?
Nestle is Swiss. 😓
Point being, this is not just a problem with "American corporate culture". It's capitalism.
Oh my God I am so greatful you are covering this topic.
Steal ten thousand dollars and go to jail. Steal 10 billion dollars and get a government bailout.
Absolutely fantastic stuff. Loved it so much on your Patreon channel, I thought I'd come and watch it here as well. Thanks for all the work you do, especially on these longer videos. You're a star. If only there were more of us on Patreon we might get to see more of you.
speaking of too big/powerful to fail.
**cough**
Peloski's husband got into a car collision, found to be DUI. Gets off with a misdemeanor.
I was charged as a fellon for being in possession of a 4" carbide locking utility knife. i work with metal sheets and wires.
Thankfully the Judge has more sense than the cops and DA
That plastic bag of a person was the first thing I thought of when I saw this video lol
@@068067 not to mention her telling poker face and demeanor when confronted about insider trading.
Heck not even insider trading, but asjed on her opinion if law makers should be barred from trading stocks lol
@@pyroromancer cheers to paying attention, I wish everyone else did too.
Thanks for this one I knew I would be (enjoying?) the topic when I read the title. The protections available to our betters is disgusting. Laws for thee not for me should eventually bite them in the ass.
I've figured out that the people who say "oh come now, it's really not all that bad..." are wholly unaware of how bad it truly is. And I'm certain that is by design.
I can't wait until they're drug out into the streets. Then they can't stand on our shoulders to call themselves tall anymore.
You could say that St. Ronald Of California still watches over us 🥲
Oh my God, Georg has pulled the Oxycontin plotline into this as well!
Geeezzz... i'm watching it the 3rd time now and it STILL kicks me in the guts! Thanks a lot for this beautiful, concise documentary. I'm gonna get a boat... there's no mobs offshore...if this /really/ sinks in with the majority of people, i really don't want to be anywhere near congregations of people ! Damnit... best regards from DeutscheBank-Country....sigh...🥴
Good thing I watched 'A Civil Action' before this to put me in the mood
Thank you.
I enjoy your work. Corporations need to be kept accountable.
"Nobody went to jail"
Punishable by fine means legal for a fee.
Phenomenal, if incredibly depressing, work! Very much looking forward to the rest of the series!
Great stuff; reminds me of Adam Curtis' documentaries, which is no bad compliment.
Cyberpunk 2022 - A dystopian present reality
Very nice, Cousin Jorge'.
Very nice indeed.
Thank you, Georg.
I enjoy you're using old adverts for beer and cigarettes instead of tired stock footage.
Much more than $498 billion in bailouts. TARP alone was $800 billion! Plus you have "Quantitative Easing" with was essentially a series of bailouts - zero percent (or near-zero) money from the Fed.
Investment banking is , essensialy, another military branch - they get slap on the wrist if innocents start to suffer, but they won't make them stop operating, it's just too damn profitable. It's a golem situation: it's amazing when it works and fights your enemies, but can easily turn on you.
Le Monde Diplomatique made fabulous articles about the revolving doors and the dictatorship of lobbies
Marvellous!
Would it be naïve of me to note that none of these guidance documents seem to have made any mention of right and wrong or justice?
Is this because such basic principles are an absolute and obvious given or because they are not deemed worthy of consideration?
It's not bribery. It's called lobbying!
I love this stuff. Well done again Georg…
or…
well done lava lamp.
Seems like the legal system in the US exclusively punches down.
Instead, the department of Justice goes after private citizens who are political opponents of the President.
These videoes are great. Just the thing I needed to cheer me up when I'm feeling down. Haha.
It hurts.
I’m a one issue voter. I’ll vote for anyone who demonstrates that they will nail criminal corporations to the wall.
What’s with the footage of the Waco Branch Davidian compound burning around 3:30?
thanks georg you are a cool guy
amazing research, and infuriating content. "no one went to jail" hits harder each time
alot of people like to believe this is an America only problem but the same is true in Canada, UK, etc
Opening with that gta 1 song brought back all kinda emotions.
Bravo sir bravo
I was about to write this comment, so thanks?!
Truly wonderful work.
Many people regard this is "business corrupting democratic government," but as Martin Mayer said in the beginning this is impossible without first having the backing of the state. This is a cycle that has borne itself out over multiple administrations and under supposedly vastly different administrations, so it is not simply a party political or ideological issue. The trick most people miss is that as this cycle continues it reveals that the government, especially when it comes to providing housing, uses their underwriting of these institutions to provide housing liquidity where there really is none. Yes, people in these institutions get their payday but what it is really about is providing the illusion of affordable mass home ownership when the capital stock is too low to allow it. In this way the financial sector is subsumed by the goals of a "liberal democracy," Vis-à-vis the creation of illusory mass material progress to satiate a population, not the other way around.
When government technocrats control The Federal Reserve, and can conjure mass amounts of money and fiduciary media out of thin air, money is meaningless at the apex of the power structure.
WTF! I been subscribed and this is one of maybe 3 channels I have the bell notifications turned on for so I know as soon as a news video is uploaded.
But I didn't get any fuckin notification about the new video! Ahh well, fuck it.
Happy to see more.
Hello George. I must say your giving off a unibomber vibe there. Thanks for the video.
I'm a huge fan of Georg becoming Adam Curtis recently. Just needs some more music and dancing scenes.
My career in finance ended with the spectacular implosion of the banking industry around 2009. It felt like the end of the world back then and I was sure things would change, people would demand justice of some sort. Wow was I wrong.
One rule for the Overclass, one for the rest of us.
Great work as ever!
Im feeling sick...
Thank you for the British Bar Association Esquire Criminals, who practice the Color of Law. Swear their oaths to Statutes.
You deserve 800,000 subscribers
cheers on a another great episode.
The only thing "Too Big to Fail" is citizenship and the government being born out of the people and not imposed above them.
Regarding the saving and loan collapse: I worked with the government agency to examine and recover S&L losses.
In short order I learned the agencies primary objective was to hide the fraud and losses. In fact, the agency hired the very fraudsters that collapsed the S&L's!
Great video, but super super quiet. Please boost the volume next time to where it's comparable with most UA-cam.
Stunning stuff!!
Colonialism never stopped, it just found a new avenue
Awesome vid, looking forward to more