Elizabeth Warren Introduces First Bill: Students Should Get Educational Loans at Same Low Rate as Big Banks, 0.75 Percent

Senator Elizabeth Warren has introduced a bill in which student loans will be offered at the same rate banks pay the Federal Reserve. They pay 0.75 percent, less than one percent.

“In her Senate remarks introducing The Bank on Students Loan Fairness Act, Warren bluntly states her rationale: “‘If the Federal Reserve can float trillions of dollars to large financial institution, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.’”

Naturally, the entire Republican Party and 80 percent of Democrats will oppose this bill because it’s what they do; wage war against the middle class.

Click on the link below for the full story.

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The Scam of the 1 Percent: How the Dow Jones Industrials Blew Past 15,000

Yes, are we getting ripped off. From 2009 to 2011, the richest 8 million families (the top 7%) on average saw their wealth rise from $1.7 million to $2.5 million each. Wealth is what you own, income is money coming in. Income is what makes wealth grow, outside of say, the growth in value of an asset.

The Dow Jones just blew past 15,000, a record. How’d that happen? Easy. Income is being massively, and in many cases illegally, redistributed from the 93 percent to the 1 percent. See your-retirement-bottle-champagne-how-wall-street-fraudsters-ripped-you-again and breakdown-of-the-26-trillion-the-federal-reserve-handed-out-to-save-rich-incompetent-investors-but-who-purchase-political-power. The extra money the 1 percent receive in their rip-off scam is invested in the stock and bond markets, and it is precisely this redistribution scheme that is fueling the Dow Jones Industrials.

That’s why the rest of us, that’s 111 million families, suffered on average a decline of $6,000 each. It’s been redistributed to the 1 percent. Free trade treaties also play a role in this scam. Every year, one to three million jobs are exported from the United States to lower wage nations, according to the Federal Reserve. The difference between the old higher wages and the new lower wages are thrust into the pockets of the 1 percent via higher corporate earnings, rising dividends and soaring stock prices.

Do the math and you’ll discover that the top 7% gained a whopping $5.6 trillion in net worth (assets minus liabilities) while the rest of lost $669 billion. Their wealth went up by 28% while ours went down by 4 percent.

It’s as if the entire economic recovery is going into the pockets of the rich because it is. It’s no accident, it’s been carefully planned, whether it’s shipping jobs overseas, or giving bailouts to the 1 percent via the government and the Federal Reserve.

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Death Toll From the Collapse of the Bangladesh Factory Tops 1000

The collapse of the Rana Plaza building last week in Bangladesh, which housed five clothing factories, is the deadliest disaster in the history of the garment industry, with the death toll likely to keep rising as work crews now use heavy machinery to clear debris from some of the most devastated sections of the building. Over 1000 bodies have been pulled out from the collapsed eight story building. One person has been found alive. Several days ago, hours after the 500th body was pulled from the rubble, Bangladesh’s finance minister said the disaster wasn’t a big deal. One has to wonder whose payroll he’s on.

In the race to the bottom, more than a thousand people are dead so that Walmart’s stock price could go higher. The same is true for JC Penney and the Gap and a few others. It has been reported by various news sources that these companies had their products made in the factories that were in the building.

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How the Conservative Wing of the US Supreme Determines Equal Justice Under the Law

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wall street fraudsters ripped you off again and Guess what Obama’s Justice department is going to do about it for you

How would you feel if a bunch thugs stole your money in broad daylight, were caught red-handed, and they were immune from the law, could not be convicted, and they got to keep your money?

Guess who recently did that to you? The banksters! People are calling it the LIBOR scandal. Sixteen banks, like Citibank and Bank of America, decided not to compete with each other, which is normal business for them. But this time they got caught setting their interest rates at higher levels than if they’d been competing, which coincidentally, is illegal.

This was a massive income redistribution scam from the 99 to the 1 percent. We’re talking about hundreds of billions of dollars that was stolen by collusion from the 99 percent. Did you know that the 1 percent have gained $5.6 Trillion in this supposed economic recovery, while the rest of us have lost $669 billion?
That’s because most of their gains have been stolen from us.

The US Justice Department has decided the banks are too big to go after, even though they were caught months ago. This really means the banks have been handing out a ton of money to politicians to not go after them; they’ve been handing out the money they stole from us so that the political hacks such as Barack Obama and Eric Holder stand up for the right of the banks (which are tools of the 1 percent) to rip off every one else.

It’s time to end the madness of corruption. Let’s begin to form a broad alliance that can take back our government from thieves and liars, like Wall Street’s Senator Ron Wyden and his buddy, Wall Street Congressman Paul Ryan.

That’s what the Democratic and Republican parties stand for. Click on the link below for the full story.

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Founding Father Benjamin Franklin on the Bankers and the American Revolution

This statement has been credited to “A Modest Enquiry into the Nature and Necessity of a Paper Current,” a pamphlet written by Franklin. For more on this, check out the following link. Hidden History According to Benjamin Franklin

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US Taxpayers Are Doing What?

Each year since 2008, the U.S. has given $147.3 million to cotton farmers–in Brazil.

Shifting US tax dollars to foreign nations is one example of some of the consequences of free trade policies that redistribute income.

In 2008, Brazil argued before the World Trade Organization (WTO) that U.S. agriculture subsidies to cotton producers violated WTO agreements. Following the WTO’s secret tribunal ruling, instead of ending the subsidies or saying to hell with the WTO, Congress and the Administration agreed to pay the Brazilian cotton industry $147.3 million a year – the amount determined as the losses Brazilians incur as a result of U.S. cotton subsidies.

Now, not only are U.S. cotton farmers receiving millions in subsidies, but we are paying a $147.3 million fine to Brazil every year, year after year, instead of fixing the problem! It’s like choosing to pay a $150 parking ticket every day for your car to sit in front of a fire hydrant rather than in your own driveway.

$147.3 million is not going to solve the debt crisis, but we have better uses for this money here at home instead of Brazil. $147.3 million could be used to:

1 Reduce the deficit
2 Fund Meals on Wheels to deliver approximately 21 million meals to seniors who are struggling with mobility
3 Send up to 20,000 kids to Head Start for a year
4 Provide 26,000 Pell grants to students

The US government has been overwhelmed by a tidal wave of corruption and greed unleashed during the Reagan years. And so nothing will be done to end US taxpayer support of Brazilian cotton growers. That’s because in the corrupt climate of Washington D.C. profits are more important than people, even if such a thing isn’t in the US Constitution.

The US Constitution requires 2/3s of the US Senate vote for any treaty to become law. However, something called an Congressional-Executive Agreement has been made up and become some weird kind of “make believe” treaty. This Anti-Constitution agreement only requires majority yes votes from both houses of congress for the make believe to take effect, like the effects of a narcotic. The Congressional-Executive Agreements is clearly in violation of the US Constitution, although the Koch Brothers/Corporate wing of the US Supreme Court disagrees with this.

The secret tribunals in these treaties are also unconstitutional.

Article III Section 1. states, The judicial Power of the united States shall be vested in one supreme Court, and in such inferior Courts as the Congress may from time to time ordain and establish. Section 2 continues, “The judicial Power shall extend to all Cases, in Law and Equity, arising under this Constitution, the Laws of the United States and Treaties made, or which shall be made under their Authority….

In other words, only US courts can decide the legal issues that arise from treaties. And no free trade treaty has been passed with two-thirds votes of the US senate.

That suggests free trade treaties and their secret tribunals are illegal devices to subvert the will of 99 percent of US citizens and are used to redistribute their tax dollars, their incomes, and their political rights granted under the Constitution to the 1 percent.

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Why the 1 Percent Can’t See

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Thomas Jefferson on “Class Warfare” in the USA

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The Republican Party Continues to Wage War Against the United States

The US added 165,000 jobs in April, according to the Bureau of Labor Statistics. This was followed by upwardly revised gains of 332,000 in February and 138,000 in March. The three-month average pace of job gains of 211,000 was slightly above the average pace of 173,000 jobs over the last twelve months. The unemployment rate slid down a little to 7.5 percent. Here’s what the news reports won’t necessarily tell you.

The unemployment rate has now dropped 0.6 percentage point since April, 2012, but much of this is because of declining rates of labor-market participation rather than increases in employment. Worse yet, dropping so little makes this the worse job creation economic expansion probably in the history of the US, including during the Great Depression.

There are two factors at hand that make this so. The corporate media doesn’t like to report either, but sometimes they report that US government austerity is sinking America’s economic ship.

“While the Federal Reserve warned that “‘fiscal policy is restraining economic growth,’” the Republican National Committee released an ad crowing that “‘the sequester is here to stay.’” In other words, by sabotaging the US economy, the Republicans hope to reclaim the presidency and maybe even the senate.

So the public sector, especially, has been a drag on the economy in recent months. While the private sector has added roughly 2.2 million jobs over the past year, employment in state, local, and federal governments has declined by 89,000, including significant losses to teachers and emergency responders. In this challenging economic climate, there is growing concern about how sequestration—the across-the-board budget cuts to discretionary spending that took effect on March 1—may negatively impact the recovery even more. Indeed, forecasters at the Congressional Budget Office project that the sequestration could reduce overall GDP growth in the United States by 0.6 percentage point and cost the economy 750,000 jobs by the end of 2013.

Now here’s the part the press doesn’t want you to know. The redistribution of income and wealth over the last thirty-three years from the 99 to the 1 percent has played a much greater role in why the US economy sucks big time for working people. One percent of the population now takes in over 30 percent of the total income produced in the US, compared to 8 percent back then. That leaves less and less money for the rest of us to demand goods and services. That’s why the economy is so weak. The rich are sucking us dryer and dryer. Worse yet, they buy things like stocks, bonds and derivatives, rather than goods and services. So they don’t help the economy at all. In fact, the purchases of the rich suck us dry, but that’s another story.

Austerity, in other words, isn’t the primary culprit in why the American economy is so historically weak, although it plays a role. It’s almost all about income redistribution.

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