One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society

Real life “eyes wide shut” story from the New York Times. Worth reading — the banksters are laughing their asses off about the bailouts they got.

2012: What's the 'real' truth?

By Kevin Roose
Source: Huffington Post

Thanks to P.

Recently, our nation’s financial chieftains have been feeling a little unloved. Venture capitalists are comparing the persecution of the rich to the plight of Jews at Kristallnacht, Wall Street titans are saying that they’re sick of being beaten up, and this week, a billionaire investor, Wilbur Ross, proclaimed that “the 1 percent is being picked on for political reasons.”

Ross’s statement seemed particularly odd, because two years ago, I met Ross at an event that might single-handedly explain why the rest of the country still hates financial tycoons – the annual black-tie induction ceremony of a secret Wall Street fraternity called Kappa Beta Phi.

Adapted
from Kevin Roose’s bookYoung Money, published today by Grand Central Publishing.

“Good evening, Exalted High Council, former Grand Swipes, Grand Swipes-in-waiting, fellow Wall Street Kappas, Kappas from the Spring Street and Montgomery…

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11 Responses to One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society

  1. zek says:

    OT: Shit is getting real in Ukraine. Looks like proxy war between U.S./Saudi and Russia/Gazprom. The former is trying to overthrow the anti-EU government and install the kike boxer Klitschko.

  2. I have been told of Kappa Beta Phi before. But this isn’t even close to Eyes Wide Shut, this is just comedy. I suspect Eyes Wide Shut is far closer to truth than people would like to think.

    Getting in was shockingly easy – a brisk walk past the sign-in desk, and I was inside cocktail hour.

    LOL – as long as you look the part, are dressed appropriately, and act like you belong – this sort of thing is easier than you might think. Wait until I get around to telling the story of the fundraiser, that I hinted at here:

    http://hipsterintelligenceagency.wordpress.com/2013/10/26/heartbreakers-v/

    But the extent of their worry wasn’t made clear until Ross offered himself up as a source for future stories in exchange for my cooperation.

    “I’ll pick up the phone anytime, get you any help you need,” he said.

    “Yeah, the people in this group could be very helpful,” Lebenthal chimed in. “If you could just keep their privacy in mind.”

    Nice! We need one of our agents to do this, and get a payoff to fund the cause.

    But the article is simply wrong to call these people “sad,” cowardly, or “out of touch.” This is nothing but the arrogance of power. Everyone on Main Street already knows, or suspects, that the 1% has this attitude. What will the 99% do about it? Bitch, complain, and vote for some politicians that will pay lip service to reform. Then, it’s back to the TV and video games (and blogs, to vent.) The rulers rule becaue they have the will to power, and the sheeple do not.

    As for the drag stuff, it’s sort of the same reason you have to kill someone to get in the mafia, if you have to do it to join, you won’t rat out the other members that have done it as well, and it serves the same purpose as a fraternity hazing.

    There’s also a sort of long standing tradition among Anglo and other European elites. See Matt Damon in The Good Shepherd (2006). Rudy Giuliani has done drag far more often that people would think.

      • Btw, might be a good idea to *not* click that link. Copy and paste the URL into your browser bar. It’s unlikely, but still possible, that they could figure out that you came from “Mindweapons in Ragnarok” which might not help your application…

      • @WI

        Oh, that is awesome! I’m nominating you for the 2014 Aryan Skynet Intelligence Award.

        Now, you have to do this like J. Edgar Hoover used to do, you gotta be slick about it. Hoover would have his guys take pictures of JFK going in and out of his mistresses house at night. Then, he tells JFK, “Mr. President, the FBI obtained these pictures of you, and if we can get this information, we are sure your political enemies could as well, so you need to be careful.” So, you keep his secret, but he knows full well that if he cross you, you have something damaging on him.

        So you’re a waiter at the BG, and you tell one of the members, “oh, Mr. 1%, I would never tell anyone about that gay midget orgy I saw you in at BG last year, but this reporter keeps offering me all sorts of money to tell what I know! He won’t leave me alone – what should I do?”

        He’ll get the hint.

  3. Denise says:

    Burn it with fire.

  4. eyeslevel says:

    Whether you’re communist, socialist, free market, crony capitalist, you’re always going to have a 1 percent. That’s natural law. The question is are they loyal to the people? Right now those in power are almost to a person anti-white. White people need leaders who are both white and pro-white.

    The 1924 Immigration Act kept America white. The 1965 Immigration Act did not. Our leaders turned on us and lost their authority to rule us.

    The only way lower classes are going to get a fair deal is if they have loyal leadership. The only thing that can cross class lines is blood ties.

    Attacking “the 1 percent” as an abstract concept accomplishes nothing. We need the right 1 percent.

  5. Mosin Nagant says:

    Classic mockery and disdain scene: http://www.youtube.com/watch?v=KxotH0P_1SU

  6. FWM says:

    “Venture capitalists are comparing the persecution of the rich to the plight of Jews at Kristallnacht.”

    Why? Did the rich kill a diplomat in a foreign country? Or did they burn their businesses down in a nation fed up with their antics, in order to collect the insurance money? Help me understand!

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