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Goldman Sachs, JPMorgan Chase, and Russia??? Black Folk Want Answers. White Folks Should Too.

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Have you ever come across a news story that raises more questions than it answers?

A little over a year ago, an article published by nbcnews.com on March 10, 2022, written by Johnathan Allen, Stephanie Ruhle, and Charlie Herman, was such an article. The questions still remain unanswered. It began,

Goldman Sachs, the giant New York investment bank, is cashing in on the war in Ukraine by selling Russian debt to U.S. hedge funds — and using a legal loophole in the Biden administration’s sanctions to do it.

A shareholder of the privately owned New York Federal Reserve Bank is engaged in the business of selling Russian debt to U.S. hedge funds during the present Russian-Ukrainian ‘war’/’conflict’???

Conspiracy Theorists Ask ‘Who Owns the New York Fed?’ Here’s the Answer.

Over 100 years later, we finally get the answer. Luckily for us, Western hegemony is underpinned by the LIE that…

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That activity raises a few questions, and only because the New York Federal Reserve Bank, one of twelve privately owned Federal Reserve Banks in the United States, and the most powerful, is the Central Bank of the United States of America.

Why would a member of the Central Bank of the USA, while America is engaged in a ‘cold’ war with Russia, assist the Russian war effort by arranging the sale of Russian debt to U. S. hedge funds?

In interviews with a dozen investors, current and former U.S. government officials and financial analysts, a recurring theme emerged: The Biden administration’s concern for U.S. investors, including major companies that broker deals for a buck, has stopped it from cracking down harder on Russia and left open the possibility that unsanctioned Putin cronies could gain access to cash by selling debt through Goldman Sachs.

Goldman’s effort to profit from the war highlights the complexities the Biden administration faces in trying to punish Russia without harming Wall Street and the economies of the U.S. and its allies. And it is a stark reminder that no asset is too toxic to be traded when there are willing buyers, sellers and brokers.

As the Western world scrambles to defend Ukraine by locking down Russian money, the company is acting as a broker between Moscow’s creditors and U.S. investors, pitching clients on the opportunity to take advantage of Russia’s war-crippled economy by buying its debt securities low now and selling them high later, according to four [4] financial world sources familiar with the strategy.

It is a strategy they have employed for the past few centuries (The Battle of Waterloo in 1815, immediately comes to mind).

…That does not violate the U.S. sanctions regime, but it is very different from the public face Goldman is putting on its relationship with Russia. In an emailed statement, Goldman is telling the public that it is “winding down” its business in Russia, portraying its actions as supportive of America’s effort to stop Russian President Vladimir Putin.

There is nothing illegal about brokering Russian debt trades. In fact, the Biden administration gave investment firms a green light to trade in Russian assets.

Why is it not illegal, and why did the Biden Administration green light the trade?

A spokesperson for Goldman Sachs said in an email Thursday: “Winding down our operations in Russia and supporting our clients around the globe in managing and closing out their market obligations are not mutually exclusive.”

When U.S. officials sanctioned Russian banks this month, it became illegal for U.S. companies to do business directly with major Russian financial institutions. But the Treasury Department’s Office of Foreign Assets Control, or OFAC, issued a memo affirming the legal legitimacy of trading Russian assets in “secondary markets” — those not directly involving the Russian banks. That’s why Goldman can act as a broker.

Ain’t that sweet!

The sanctions action “does not prohibit trading in the secondary markets for debt or equity” of the Russian central bank, the Russian national wealth fund or the Russian Finance Ministry, as long as those institutions aren’t parties to the trades and the debts were issued before March 1”, OFAC wrote.

Why is Goldman Sachs not publicly disclosing the truth about their personal conflict of interests in the matter? Who are the Moscow creditors referred to in the article? Who does Moscow owe money to? Who are the U.S. investors purchasing Russian debt? Why would U.S. investors purchase bonds from persons or entities in a nation that their country is at ‘war’ with? According to the story, here is one thing to consider.

“Russian sovereign debt is awash throughout our economy,” said a senior administration official who spoke on the condition of anonymity to explain the administration’s reluctance to ban the trading of Russian debt. “It’s just infused into our economy. It’s so pervasive.”

Most of the sovereign debt in question is in Russian bonds issued through government channels, including the Russian central bank. Government bonds are tools for countries to raise money from investors. While the crumbling Russian economy has made Russian debt of little current value, some investors believe it will rebound at some point in the future, allowing them to turn a profit.”

Why are nations, including Russia and the United States, borrowing money; and from whom? Why don’t nations mint, print, and issue their own currency?

The official said blocking all Russian debt trades could mess — the official used a different four-letter word [fuck] — with financial markets in the U.S. and other countries in unintended ways.

“We can sanction new sovereign debt,” the official said, pointing to the recent ban on trading assets created after March 1. “We have not gotten into the game — and the Hill is looking into this — of how you could sanction debt that’s already in the marketplace.”

And speaking of sanctions,

The sanctions against Russia are more lenient than those the Trump administration imposed on Venezuela, which included a broad ban on trading government debt — with exemptions to allow for divestment — according to investors and former U.S. officials familiar with the policy.

…But a current U.S. official and a former U.S. official said an all-out ban could hurt U.S. investors — including major pension funds — that bought sovereign debt before the invasion of Ukraine.

How do you feel when you see and hear the truth?

Most investors have shied away from the obvious public relations risk of profiting from Russia’s war, but Goldman Sachs, JPMorgan Chase and many hedge funds have gotten in on the action. In most cases, the buyers do not know the identities of the sellers, and no regulation requires brokers to disclose the identities publicly.

Some folks have no shame.

Hoodwinked, Flim-flam, and Bamboozled!

That was my reaction to Paulo A. Jose’s post that appeared on February 17, 2023, at injustice.com. Brother Paulo knew…

medium.com

That means the public may never know whether profits are derived by pumping money into the pockets of Putin’s cronies when Russia faces a cash crunch. In other words, it is more clear that U.S. investors — and middlemen like Goldman Sachs — are profiting from the cheap cost of Russian debt and less clear who is benefiting from the sales.

While Goldman is dealing mostly in Russian government debts, JPMorgan Chase has brokered deals for the debt of private Russian companies as a “recovery play,” Bloomberg News reported.”

JPMorgan Chase Has A Black Woman On Its Board of Directors: Who Is Melody Hobson?

Let’s Start With, Who Is JPMorgan Chase?

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JPMorgan Chase, another large shareholder of the New York Federal Reserve Bank, has managed to avoid the spotlight but is still a major financial player in the ‘war’.

“JPMorgan announced late Thursday that it is also” winding down” its business in Russia while acknowledging that it has been assisting clients in Russia-related trades. On March 4, as Russia was attacking Ukraine, the investment bank’s research team issued a report recommending that clients buy Russian corporate bonds.”

Do you want answers to the questions this news story raises?

Please continue to watch this space.

I await your response.

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Jews, Christians, and Muslims: What Ten Commandments Would Moses Offer Today?

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Yes, the Hebrew Moses was an African, born and raised. He spoke Aramaic, a Semitic language.

I have exercised my artistic license to offer what I think Moses, an African, would offer today. With history in his rear view mirror, I believe he would accept my adjustments to Commandments 1–4; while 5–10 being mathematically correct, remain intact. I think we all agree that in today’s dystopic world, there is a dire need for the law enforcement of the 10 Commandments. Every day CHOOSA (Children of Stolen and Sold Africans) bear witness to the paucity of their implementation.

The BOLD print indicates my variation of Moses’s Commandments found in the Old Testament, in the Book of Exodus (The word ‘exodus’ will be dealt with another time). The bracketed is my brief commentary.

1

“Thou shalt have no other gods before me.” — Exodus 20:3

“Thou shalt not have a GOD, much less gods.”

[I offer the following as my commentary regarding ‘God’ and religion.]

“Religion keeps the poor from killing the rich.” — Napoleon Bonaparte

“We have used the Bible as if it were a mere special constable’s handbook, an opium dose for keeping the beasts of burden patient while they were being overloaded, a mere book to keep the poor in order.” — Charles Kingsley, Canon of the Church of England

“When the missionaries arrived, the Africans had the land and the missionaries had the Bible. They taught us how to pray with our eyes closed. When we opened them, they had the land and we had the Bible.” — Jomo Kenyatta

It’s not what you know that hurts you. It’s what you know, that just ain’t so.” — Leroy ‘Satchel’ Paige

2

“Thou shalt not make unto thee any graven image.” — Exodus 20:4

“Thou shalt not make the U.S. Dollar a GRAVEN IMAGE.”

[There is no greater example of a graven image than the fiat currency called the U.S. Dollar. Its worship has created a world of greed, corruption, and evil which humanity has endured for the last few centuries. I think we can all bear witness that it is indeed the root of all of the evil that exists and persists in the world today.]

3

“Thou shalt not take the name of the Lord thy God in vain.” — Exodus 20:7

“Thou shalt not allow the economic paradigm — Capitalism — to exist.”

[The evil of Capitalism is direct disrespect for humanity. My mantra, “economics is the driving force in humanity” makes me laser-focused on the economic paradigm governing our world. Allowing the unethical, immoral, unrighteousness, inequitable, and unjust practice of Capitalism is a CRIME against humanity; and is absolutely disrespectful to Creation/Existence.]

4

“Remember the sabbath day, to keep it holy.” — Exodus 20:8–10

“Remember that every day of your life requires WORK and REST, to keep it real.”

[Human beings require both work and rest for the sustenance of life. In order to sustain ourselves, we must respect ourselves by acting in accord with our nature, which is to be free. “Self-preservation is the duty of each and every living organism.” To practice such means no longer being a slave to the European banking cartels. They have ruled the world since the formation of the British East India Company (December 31, 1600), and the Dutch West India Company (June 3, 1621).]

5

“Honor thy father and thy mother.” — Exodus 20:12

“HONOR thy mother and thy father.”

[We must always love and care for those who cared for us first.]

6

“Thou shalt not kill.” — Exodus 20:13

“Thou shalt not KILL.”

[I won’t insult your intelligence by repeating all of the horrors of the Holocausts Europeans have perpetrated. You already know of the most atrocious. The Middle Passage cost the lives of 20–30 million Africans, and the European theft of the Americas cost the lives of over 50 million Native Indigenous Americans. The wars that the European has waged, not only among themselves, but against Africans, Asians, and Native Indigenous People throughout the world have cost the lives of another 20–30 million people. It is an indictment that must, and will be, adjudicated.]

7

“Thou shalt not commit adultery.” — Exodus 20:14

“Thou shalt not commit ADULTERY.”

[The sanctimony of marriage must be respected, preserved, and promoted.]

8

“Thou shalt not steal.” — Exodus 20:15

“Thou shalt not STEAL.”

[Taking anything that doesn’t belong to you is stealing. That is what the European has been doing since Alexander III invaded, pillaged, and conquered Egypt in 332 B.C. The British bragged that, “the sun never sets on the British Empire.” The Banking Cartels may have shifted locations, but they still carry on their work of world domination. North, Central (including the Caribbean), and South America; along with Asia, African, and Australia (including the South Pacific islands) is land that was stolen, and still is presently controlled by these bankers. Their greatest theft is USURY. As Thomas Alva Edison said, “Interest is the invention of Satan.”]

9

“Thou shalt not bear false witness against thy neighbor.” — Exodus 20:16

“Thou shalt not LIE.”

[Honestly, honesty is a Universal Law that must be adhered to. If you lie to someone, you are “bearing false witness,” and may cause harm to yourself and to others. The ultimate penalty could be your death.]

10

“Thou shalt not covet.” — Exodus 20:17

“Thou shalt not COVET.”

[Covet means to be so jealous of something someone else has, that you want it desperately. After living in the hills and caves of Europe for 40,000 years, the Caucasian emerged with a lust and desire for the world that Aristotle, Alexander III’s tutor and mentor described to him. Aristotle talked of a land that the Greeks named and called Africa; a wonderful glorious Continent that he learned from Socrates, via Plato.]

I conclude with two more Commandment that I believe Moses would offer today.

11

“Thou shalt not tell people that I have chosen you as my special people, privileged with Whiteness.”

[First, it is not true. ALL life is chosen from, and emanates from Creation. Our very existence if proof of Creation, an extremely random process favoring no one. Secondly, all that lie does is build up resentment and hatred against you. We are all special creations, with none being superior to others, notwithstanding our cultural differences.]

12

“Thou shalt not practice Usury.”

[The expression, “neither a lender nor a borrower be” is the best advice one can receive. Charging interest, which is a severe burden to the borrower, that need not be, has been forbidden in Christianity and Islam since they were formed. I offer the following for your consideration]

“Debt’s ancient origin is reflected in biblical admonitions [2,000 years ago] about debt, and the interest payments which often accompany debt. So Solomon warns, “The rich rules over the poor, and the borrower is the slave of the lender.

In Exodus, when God specifies the ordinances for the Jewish people, he includes the admonition that, “If you lend to any of my people with you who is poor, you shall not be to him as a creditor, and you shall not exact interest from him.

Secret Life of Money, Tad Crawford, 1994

That admonition should apply to all humanity, not just European Ashkenazi and Sephardic Jews.

Please offer your thoughts; and let’s talk about specific solutions.

Thank you.

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There Is No Nexus Between Black Nationalism and Marxism: It Is Nonsense To Propose Such!

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I have been following the writings of Dwayne Wong (Omowale) since I joined medium.com ten months ago. He has written some though-provoking essays that I have found interesting. Even though he wrote the following essay in March of this year, my jury is still out deliberating on my younger brother (I am 77, so I can call him my younger brother). I do believe he will be acquitted. 🙂

Why I’m Not a Marxist

This is the final in a series of articles that I published on the topic of Marxism in the Pan-African struggle. I want…

dwomowale.medium.com

Today, he posted an essay that grabbed my attention. My belief that “the driving force in humanity is economics” compelled me to respond.

“…So the lineage of capitalism passes naturally from the earliest Babylonian merchants through the medieval burghers to the early bourgeois and finally to the industrial capitalist.” — The Origin of Capitalism; A Longer View, Ellen Meiksins, 2002

Economics matters. Everything that one does each day, hour, minute, and second, is precisely determined by the economic paradigm that governs one’s life. I hope that he will not be offended by my assessment of his piece that my headline addresses. I certainly welcome his assessment of mine.

The Ideological Debate Between Black Nationalism and Marxism

The ideological debate between Black Nationalism and Marxism has been a topic of discussion and contention for decades…

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disagree with his statement that, the ideological debate between Black Nationalism and Marxism that has shaped the discourse on liberation and justice within the Black community, “is not an either-or situation, but rather an opportunity to embrace the strengths and insights of both ideologies.”

It is absolutely an either-or-situation.

There is not contest. Black Nationalism is the winner. (Similar to the ass-whooping (70–20) that the Miami Dolphins administered on the Denver Broncos last Sunday.)

There are NO strengths and insights in Marxist ideology that support African Liberation. Marxism is an eco-political European ideology that, by our brother’s admission, “does not directly address racial oppression.” Marx and Engels published their “Communist Manifesto” (1848), to address the issues facing European/Caucasian people, not us.

Just because Marx was an opponent of Capitalism, it does not make him an friend or advocate for the liberation of our people. Both Capitalism and Communism perpetuate our enslavement; and must be understood as an anathema to COLONIZED Africans, Asians, and Indigenous Americans worldwide. (As quiet as it’s kept, the Earth is a “Company Town” operating under European hegemony.

The Colony Called America: Company Town 3.0

How dare I call America a colony, much less a company town? The truth is the truth. I assume you will agree with me…

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Brother Dwayne correctly points out that, “Padmore, initially a communist, abandoned the Communist Party after realizing that white communists were not fully committed to African liberation. He became critical of the racism within the communist movement and praised Garvey for his understanding of white communists’ racism.”

My brother goes on to say that Garvey, “identified as a self-professed capitalist but was critical of exploitative practices within capitalism.” Rest assured that Garvey’s definition of capitalism was quite different than Adam Smith’s definition. Brother Garvey meant making use of Land and Labor to produce Capital (goods and services necessary for the growth and development of society) was his objective, as it should be for anyone wanting to live in a productive civilized society.

Adam Smith’s Capitalism, which began when Alexander III invaded and conquered Egypt in 332 B.C., advocates the ownership of “private property,” including the ownership of human beings, salaried or otherwise. Garvey did not.

As Brother Omowale said, “Black Nationalism is an ideology that emphasizes racial unity and self-determination for the Black community.” He also astutely observed that, “Garvey, a Jamaican-born activist, advocated for the establishment of a separate Black nation and the repatriation of Black people to Africa. He believed that economic empowerment was the foundation for Black liberation and encouraged Black people to be proud of their African heritage.” I am in 100% agreement with Brother Marcus, one of my icons and mentors.

Brother Garvey’s call for separation and repatriation of American Africans to Africa is the only opportunity we have to achieve Liberation and Freedom. Marcus’s thoughts are African centered. Marx’s thoughts are Eurocentric. The two ideologies will never coincide, correlate, nor coexist together.

The ideological debate between Black Nationalism and Marxism, is “a ship that has sailed.” There is no longer a debate. Black Nationalism, as defined by the Honorable Marcus Garvey, must be our life work. It is certainly my life work.

Adam Smith, Karl Marx, and Me; Capitalism, Marxism, and Equism; Black Folk Need To Know

On February 11, 2023, Rustam Seerat, posted the following essay on medium.com. It is an AI-generated imaginary…

medium.com

Please offer your thoughts; and let’s talk about specific solutions.

Thank you.

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What Does INTEGRATION Mean? Mathematically It Is The Truth; Racially It Is A Lie; Culturally It Is Critical to the Survival of Humanity.

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The Merriam-Webster Dictionary offers several meanings for this transitive verb integration. The importance of each meaning is critical to understanding my answers to the question posed in the above headline.

1: to form, coordinate, or blend into a functioning or unified whole : UNITE

2 a: to incorporate into a larger unit

b: to unite with something else

3 a: DESEGREGATE integrate school districts

b: to end the segregation of and bring into equal membership in society or an organization

I begin with #1, the mathematical definition of integration. “To form, coordinate, or blend into a functioning or unified whole: UNITE” is the whole truth, and nothing but the truth. “Mathematics is Truth.” The concept of unity is acceptable to everyone. Folk would agree that there is strength in UNITY.

But what is the purpose for unity? Are the KKK, the Proud Boys, and the Oath Keepers good purposes for unity? For Europeans, the answer is yes. For Africans, Asians, and Indigenous Americans living in European colonies, the answer is no.

Number 3 is where the ‘rubber meets the road.’ “DESEGREGATE, integrate school districts” and “to end the segregation of and bring into equal membership in society or an organization” speak directly to “Race Is a Lie.” Race, the false narrative propagated by the European is a man-made construct called that has deliberately divided humanity since its inception and is still in effect and in force today.

The belief that race accounts for differences in human character or ability, and that a particular race is superior to others, and that discrimination or prejudice based on race is justified by law is a total human fabrication. Scientifically, no valid fact regarding human behavior can be drawn from the melanin content of a human being’s skin. Melanin is a pigment — meaning color, nothing more, nothing less.

Human beings are shaped by our genetic heritage (bio-chemical package), our parents’ lessons, the “schooling” we receive, our own personal experiences, and “the proverbial environment” as we traverse ‘life’; also, learning from the experience of others who have already gone before.

The hatred, animosity, and divisiveness engendered and promulgated by Race are threatening human survival. The exigent circumstances that we face today demand immediate attention, and immediate action.

I will end with #2, which offers, “to incorporate into a larger unit” and “to unite with something else.” “…Culture is critical to the survival of Humanity.” What does cultural integration mean?

I am very clear that humanity’s survival is dependent on the mutual cooperation of its inhabitants. We absolutely need to incorporate into a larger unit, but caveat emptor. The man-made economic, political, and religious ideologies that perpetuate the hegemony of the ‘ruling elite’ cannot, and will not be carried forward by us.

Africans, Asians, and Indigenous Americans must, and will discard Capitalism, Democracy, and Monotheism in order to survive and thrive. “To unite with something else” is mandatory. That ‘something else’ is a new paradigm, an African centered paradigm.

I have no interest in overturning Capitalism or overthrowing Democracy, much less trying to stamp out Monotheism. If that is what folks want, I say, “let them have at it.”

Humanity wants and needs something different than what we experience today under European rule. Our present dystopia should be proof enough for you.

Capitalism, which has continuously evolved since Alexander III invaded Egypt (Africa) in 332 BC, established and articulated the reasoning for the European collecting and controlling all of the human and natural resources necessary for the production, distribution and consumption of the goods and services essential to the growth and evolution of an organized people.

It was both purposeful and deliberate. And it was concomitant with the Europeans having stolen lands and peoples. Capitalism works for Europeans. It does not work for 99% of humanity. European Capitalism created the problem humanity faces today.

“A problem cannot be solved by the consciousness that created it.” — Albert Einstein

Pope Francis’s recent statement is further proof.

An economic system that is fair, trustworthy and capable of addressing the most profound challenges facing humanity and our planet is urgently needed.”

Pope Francis and I agree.

Democracy, the political philosophy, was developed by Cleisthenes in Athens in 507 B.C. After less than 100 years, ‘democracy’ had reared its ugly head sufficiently for Plato to voice opinion. Founder of the Academy in Athens, “the first institution of higher learning in the Western World” — Wikipedia — and considered the founding father of political philosophy, Plato, was taught by Socrates, an African, and in turn, Plato taught Aristotle, Alexander III’s tutor, and mentor.

Plato believed that the democratic man was more concerned about his money over how he could help people. “He does whatever he wants whenever he wants to do it. His life has no priority.” [Capitalism in its infancy.] Plato did not believe that democracy is the best form of government. Plato’s Republic presents a critical view of democracy through the narration of our brother Socrates (a Greek African):

…foolish leaders of Democracy, which is a charming form of government full of variety and disorder and dispensing a sort of equality to equals and unequaled alike.”

Monotheism is a tool.

“Religion keeps the poor from killing the rich.” — Napoleon Bonaparte

Here is a more telling message.

“We have used the Bible as if it were a mere special constable’s handbook, an opium dose for keeping the beasts of burden patient while they were being overloaded, a mere book to keep the poor in order.” — Charles Kingsley, Canon of the Church of England

And one more, from an African centered perspective.

It’s not what you know that hurts you. It’s what you know, that just ain’t so.” — Leroy ‘Satchel’ Paige

Please offer your thoughts; and let’s talk about specific solutions.

Thank you.

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