Tag Archives: looting

  • Insider

    Off The Cuff: Quantifiying The Impact Of Hurricane Harvey

    Likely the most costly US storm -- ever
    by Adam Taggart

    Thursday, August 31, 2017, 11:32 PM


    In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

    • The Danger Has Not Yet Passed
      • Levee spillovers and other risks are still in play
    • The Impact On The Oil/Gasoline Market
      • Will be much larger than folks were originally expecting
    • The Costs To Rebuild Will Be Massive
      • Harvey will likely be the US' most expensive storm to-date
    • How To Prepare For Similar Disasters In The Future
      • Take action early. Don't lose urgency once the sun comes out

    In the midst of his hour-by-hour analysis of the situation in the Gulf in the aftermath of Harvey, Chris takes time to talk with Charles Hugh Smith about the repercussions of this mega-storm, both short and long-term.

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
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  • Blog

    Goldman Sachs’ Incredible Trading Returns are Literally Unbelievable

    by Chris Martenson

    Wednesday, August 5, 2009, 2:49 PM


    A long while ago (September 2008), I wrote an article entitled " The Greatest Looting Operation in History"  and followed it up with another entitled "America is Being Looted."

    What shocked me at the time was how brazen the perpetrators were being in their efforts, almost as if they had no fear of being exposed or being asked any hard questions.

    In an article that came out today, this was confirmed to an extraordinary degree.

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  • Blog

    The Big Takeover – Looting Continued, Part CXLIVXX

    by Chris Martenson

    Saturday, March 21, 2009, 2:44 PM


    On Wednesday of last week, I wrote these words in an Alert:

    Given the recent revelations that Goldman Sachs and other well-connected players in the AIG scandal got billions of dollars directly from the US taxpayers for their side-bets with AIG, I will not be at all surprised to find out in a few weeks or months that Goldman Sachs, JPM, and others were magically positioned to make a killing off of this move.

    That’s just raw speculation, but it fits with the general pattern of conflicted enrichment that has stalked every move in this grand looting operation so far.

    In fact, the constant drip-drip-drip of news about self-dealing by insiders with zero legal consequences for the perpetrators leaves me with the queasy feeling that every attempt at finding a legitimate resolution to this crisis will be thwarted by a crowd of Wall Street insiders who simply cannot resist an opportunity to redirect money into their own pockets. But that’s another story.

    Yesterday that story got published in Rolling Stone Magazine.

    Matt Taibbi, the author, deserves a standing ovation for the most outstanding explanation of how truly corrupt the situation is, and capturing the hubris and entitlement that infuse our entire power structure.

    It is the best I’ve yet read on the subject. You must read it. The whole thing.

    Here’s the link to it.

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  • Blog

    Separating policy from politics

    by Chris Martenson

    Saturday, February 21, 2009, 4:44 AM


    For the record, I think Obama seems a decent man and I am thrilled to have a president that can speak in complete sentences and does not have Dick Cheney as a vice president. All of these things are good and hopeful signs.

    And it is good to finally see some heated debate erupt into this conversation about bailouts. It’s about time! If you are not taken aback by what is happening, you are not paying attention. A good, vigorous debate is exactly what is needed. Passions should be riled here.

    There’s one thing in this discussion that I would like to set the record straight about. I have been a consistent and vocal critic of the bailout every step of the way. This spans a republican and now a democratic administration and you will not be able to detect any difference in how I approach my analysis of the policies of these adminstrations because that’s not how I work.

    Folks, this is just not a partisan issue.

    I don’t see this as a matter of “left vs. right”, but rather “right vs. wrong.”

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