"The Super Wealthy Have No Country"

This is a quote from Dylan Ratigan who Jimmy Dore recently interviewed. Dore posted the video below on November 11. I thought of trying to summarize the contents of this video, but it is so packed with information, that it is almost impossible to do it justice.

This video runs nearly two and a half hours so you will need time to watch it all. Some of the interview is on personal matters but when Ratigan gets into the financial collapse and other issues such as the Middle East, it is pure gold. In my mind, this is one of the best interviews I have ever seen because Ratigan gives us so much meat in his answers and opinions.

As well as having been a commentator on MSNBC, Ratigan actually worked in the financial field with Bloomberg as a reporter. He has a lot of inside insight to what really happened and called it early on. He links most of the problems in the world to the super wealthy and their control of the world's financial system. His insight into television news explains why we do not get "news." from television news shows.

Jimmy and Dylan cut this interview short at the two hour and 25 minute mark, but it could have gone on much longer. Ratigan said that he wants to come back on again. And I would look forward to seeing more of what he has to say.

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mhagle's picture

will get back to it now . . . . Thanks!

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Marilyn

"Make dirt, not war." eyo

gulfgal98's picture

@mhagle starts shortly after the 45 minute mark where they talk about the banking system and the financial crisis.

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"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

"Those who make peaceful revolution impossible will make violent revolution inevitable." John F Kennedy

ggersh's picture

@gulfgal98 monopolize everything, power equals inequality..

Thanks for posting this, in reality every ameriKan
oughta watch this.

Also love the part where tRumpolini is the small time
crook

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trump will be amerika's last president

What if the impeachment of tRumpolini is meant
to destroy the D party, makes sense doesn't it?

elections = tptb excuse for sayin ameriKa is a
democracy

gulfgal98's picture

@ggersh is a key here.

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"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

"Those who make peaceful revolution impossible will make violent revolution inevitable." John F Kennedy

@gulfgal98
I am now an hour in, and Dylan gives a succinct, and crystal clear summary of the situation, instruments, and law changes that led to the 2008 debacle. Listen to that, watch the Big Short, and I think anyone would then have a clear understanding of the shady, nefarious dealings, that were then further rewarded by the Obama administration at the taxpayer expense.

Dylan gives a great interview; I'm impressed with how clear he can make this for anyone.

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pertinent to the current issues.

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May we be united and strong -- laurel

I can't wait until he returns.
His view of capitalism was pretty spot on.
I also agree that his explanation of the crisis of 2008 was outstanding.
While he doesn't think his media colleagues are all liars, as Jimmy does, and as I do, he did pretty much call them dumbasses.
His stepping away from his MSMBC gig showed tons of integrity.
And he has a wonderful sense of humor!

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gulfgal98's picture

@on the cusp because of his analysis of the financial crisis. Even for people who may not agree with everything Ratigan has to say, his comments and analysis give us so much food for thought.

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"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

"Those who make peaceful revolution impossible will make violent revolution inevitable." John F Kennedy

@gulfgal98 And he commented that without a doubt, the Biden-Warren thingie is to Clinton on the ballot.
He is convinced.

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Lily O Lady's picture

group whose interests are likely opposed to those of citizens of various countries.

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"The object of persecution is persecution. The object of torture is torture. The object of power is power. Now do you begin to understand me?" ~Orwell, "1984"

@Lily O Lady I am trying to remember the young tech billionaire that actually gave up his US citizenship to become a citizen where his fortune would not be taxed. It was maybe 3 or 4 years ago. Obama was President. The young tech genius was basically applauded in the media for being so smart with his money. They didn't call him a traitor, or anti-American.
I cannot come up with his name or his company.

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gulfgal98's picture

@on the cusp Eduardo Saverin was one of the original founders of Facebook. Like Zuckerberg, he was another poor little rich boy.

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"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

"Those who make peaceful revolution impossible will make violent revolution inevitable." John F Kennedy

@gulfgal98 He is the exemplar! No attachment to a country, just money and power.
He is the type Ratigan is talking about.

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snoopydawg's picture

How to Crush a Bankers’ Dictatorship: A Lesson From 1933

This talks about how the banks rigged the Great Depression and the rise of fascism with links to the banker's coup and a few other articles. It touches on how FDR dug us out of the mess and once again shows how Obama had the chance to be the second FDR, but instead became the second Hoover.

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America is a pathetic nation; a fascist state fueled by the greed, malice, and stupidity of her own people.
- strife delivery

@snoopydawg I had never heard of Saverin until his spectacular disinterest, if not disdain, for his country he showed by his actions.

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gulfgal98's picture

@snoopydawg appears to be happening again today as pointed out in your article.

It is the same old extractive process that enriches a few at the top and impoverishes everyone else. And it is the same evil players behind it. It is a global banking cabal that has no allegiances to humanity or to a country, but only to themselves.

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"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

"Those who make peaceful revolution impossible will make violent revolution inevitable." John F Kennedy

ppnortney's picture

at about 46:30 or so that I hadn't thought about. Shareholders only care about making money but this could be achieved by creation instead of extraction. The political system has created a dynamic where extraction is easiest but this could change if it were made less accessible and profitable.

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The smaller the mind the greater the conceit. --Aesop

gulfgal98's picture

@ppnortney The government, through its law making ability, literally chooses winners and losers. Our tax code and the deregulation of so many businesses has created the vast wealth inequality in the wealthiest nation the world has ever known.

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"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

"Those who make peaceful revolution impossible will make violent revolution inevitable." John F Kennedy

@gulfgal98 is an opportunity....... a regulation, a de-regulation, a disaster, to make profit. The most disturbing part is that the wealthy wield enough power and control to essentially perform, or exploit, what should be government functions, with democracy in a subservient role.

All our elected officials are to some degree complicit in maintaining this system. All. I think that is what bothers us. Why do candidates we admire make choices that puzzle and disappoint us? Why are they so eloquent in arguing against something, and ultimately, reluctantly, turn around vote for it?

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k9disc's picture

Modern corporations don't give a rats ass about profits (Amazon, Uber, Google, YT, FB, etc) what they actually care about is marketshare.

A modern corporation will lose money hand over fist if it gains them marketshare. In fact, that looks to be the new business plan - bide your time with tepid or null profits until such a time as your market saturation is deep enough that you can control said market.

Corporations are highly conservative institutions these days. Working as hard as possible to maintain the markets as is - better to be #3 in a predicable market than to risk that vaunted position to try to make more money or hop up to #1.

Disruption is the danger these days, and any startup worth its salt will sacrifice profits to disrupt the markets. Any established player needs to smash the disruption, even it it costs them money, to maintain their marketshare and the predictable nature of their market segment.

Of course it's more complex than this, as barriers to entry (legislative, economic, technological) can protect an established company from disruptive moves (front-running in finance, building codes, real estate prices, monopsony, etc), but the gist is it's ok to lose money if you gain marketshare - it's become the American Way.
@ppnortney

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“Tactics without strategy is the noise before defeat.” ~ Sun Tzu

That interview was totally worth watching!

Thanks.

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ppnortney's picture

@ChezJfrey

Long but well worth the time investment. I kept pausing and replaying parts. He said he was neck deep in writing "Greedy Bastards" at the time of his rant, will have to check out that book.

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The smaller the mind the greater the conceit. --Aesop

snoopydawg's picture

to asset strip everything in this country and make it a failed one and then building up China or some other country to become more successful just so they can do it again. We are dealing with globalists who are taking their asset stripping on the road everywhere. Just like talked about here.

I loved them pointing out that during Obama's hellish tenure they transferred the most wealth than any other time. $29 trillion went to banks all over the world. Then the bank CEOs gave themselves huge bonuses with that money and Obama stood in front of pitchforks. I called him a Hoover instead of FDR. Looks like Hoover might have been a step ahead of Obama.
Just read that Warren bought a house for pennies on the dollar, kicked the owners out and then flipped it for 4 times as much. I knew she had gotten in on the foreclosure crisis and lent money to her family so they could get in on the fun, but to see the suffering she caused is something else.

Thanks for posting this. I will have to listen to the rest later. Dawg says we must go walk.

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America is a pathetic nation; a fascist state fueled by the greed, malice, and stupidity of her own people.
- strife delivery