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Archive for June, 2016

According to Politico, Wall Street is calling the shots for Hillary Clinton. In this case, Wall Street executives told Hillary she can’t have Elizabeth Warren for her vice president, otherwise she won’t get any campaign cash from them. Wall Street clearly has Clinton on a leash. What else has Wall Street told Hillary to say and do?

This puts Wall Street’s darlin’ behind a rock and a hard place. She needs Warren in order to get Bernie Sanders supporters to vote for her. 33 percent of Bernie voters polled will not vote for Wall Street’s candidate. Nominating Elizabeth Warren as VP would guarantee Hillary most of those votes.

According to Politico, “If Clinton picked Warren, her whole base on Wall Street would leave her,” said one top Democratic donor who has helped raise millions for Clinton. “They would literally just say, ‘We have no qualms with you moving left, we understand all the things you’ve had to do because of Bernie Sanders, but if you are going there with Warren, we just can’t trust you, you’ve killed it.’” Italics mine.

Apparently, Hillary’s Wall Street fundraiser above doesn’t care that Hillary moves left because of Bernie Sanders, but notice the tone. This guy sounds like he’d assuming Hillary is saying pretty much whatever she needs to say to get elected. And if she gets into office, look out, here comes that jobs destroying Trans Pacific Partnership. That’s what Wall Street wants, along with a multitude of corporate CEOs.

Notice also that Wall Street is her base, and boss. Remember that when it’s time to vote. Check out the video above as to how Wall Street gets Hillary to do its bidding.

Read more: http://www.politico.com/story/2016/06/elizabeth-warren-wall-street-vice-president-224489#ixzz4D2adLDcH
Follow us: @politico on Twitter | Politico on Facebook

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tppPANEL

TransCanada Corporation made its intention clear in January to recover costs through arbitration for Obama refusing the company a permit for the Keystone XL pipeline. It is filing its claim for $15bn in damages under North American Free Trade Agreement (NAFTA) provisions.

Now a secret tribunal made up of corporate lawyers will determine if US taxpayers have to ante up $15 billion in order to not allow an environmentally hazardous pipeline to cut across the USA.

TransCanada took a risk that it might not get the presidential permit, as required by law. The management took a risk, and now via an unconstitutional secret tribunal they may be able to require US taxpayers to cover their losses.

Some of the biggest US investors in TransCanada include JP Morgan/Chase, Vanguard Corporation, and Prudential.
These companies are circumventing US law via the unconstitutional rules of NAFTA.

If the US government loses, there is no reason why we as taxpayers should not launch a class action lawsuit challenging these secret tribunals of NAFTA as unconstitutional. Since the US Supreme Court has ruled that corporations are people, a challenge can be issued under the equal protection clause of the US Constitution, which should render illegal the secret tribunal provision of NAFTA, depending on how corrupt the US courts are.

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Brexit-39-650
In other news about Brexit from the June 27, 2016 Investor’s Business Daily, winner of the Pulitzer Prize in journalism in 2009, the editors laid out the case for Brexit.

British citizens will enjoy “higher wages.”The editors didn’t explain why wages would rise, but reduced immigration means fewer workers to compete with British workers, which means a lower labor supply, which typically translates into higher wages.  That means corporate profits will decline, or not grow as briskly. That means three things; dividends, stock prices, and income inequality will all slow or decline in Britain.

The editors also claim British citizens will have “lower food costs” with Brexit. That’s good for working people, and bad for rich shareholders.

In addition, European Union regulations cost “5% of the UK’s GDP. That’s to say nothing of the loss of control that the country faces to increasingly arrogant bureaucrats in Brussels.”

The editors didn’t mention that the lower value of the British pound vis-a-vis other currencies will lower the profits of British companies that have exported British jobs overseas to lower wage nations, and then export these goods into the UK. This may force some jobs exporters to bring jobs back to Britain.

Finally, the fall of the British pound acts as an incentive for British corporations to not export any more jobs.

All of these things are bad for rich investors, but they are good for the 99 percent of Britain. Perhaps this is why British politicians and mega investors weren’t happy with Brexit.

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A Reuter’s poll last week showed that 44 percent of all Democratic party voters want Bernie Sanders to run for president as an independent. 20 percent of Republicans would vote for Sanders, and he’d sweep more than 50 percent of all independent voters. In other words, the polls show American voters would send Bernie Sanders to the White House by a significant margin over the other four candidates if he ran as an independent.

There is an economic hurricane coming down the pike. It should hit somewhere between October and next June. It will be worse than the last one. See The Coming Recession: It’s Going to be a Big One–JohnHively.wordpress.com.  The only person who will save the US economy is Bernie Sanders. We need a New Deal for all Americans, not just the rich ones. Bernie Sanders is still a Democratic candidate for president. Run Bernie Run!

Our government is controlled by a handful of billionaires who have been driving the US economy over a cliff for the last thirty-five years by using government to redistribute trillions of dollars of income from the 99 to the 1 percent. Bernie will stop this. Hillary, Wall Street’s darling, will not. It’s unlikely a billionaire like Donald Trump will stop this madness, but who knows given the looming crisis?

Run! Bernie! Run!

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brexit-1462470589PAa

 

Some people are suggesting the Brits are mad, as in mentally unstable, to leave the European Union. Some are suggesting the far right has taken hold and driven the British people over the cliff into a suicidal jump to get away from immigrants, many of whom, by the way, are from eastern Europe. Perhaps they’re right, but there is at least one interesting and positive impact for the 99 percent that the news pundits don’t want you to know about when it comes to Britain leaving the European Union.

The value of the British pound dropped by more than 10 percent last night against other currencies. That means British companies who have shipped jobs overseas will experience a drop in their profits when they export goods from wherever they’re produced and exported into Britain. This is particularly true of those British corporations that have exported British jobs to European Union members in lower wage nations, such as in Eastern Europe. See The Op-ed the liberal and conservative media doesn’t want you to see-JohnHively.wordpress.com

In other words, British corporations that have exported jobs may be enticed or forced to move production back to England if the British pound stays down in value, which will spur job growth in Britain, and enhance the tax base of the British people. Perhaps this is why the stock markets dropped on news of Britain’s exit. British corporate profits are likely to turn downward in the long run unless the British government can somehow manipulate the value of the currency upward.

 

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GMO

Vermont’s GMO labeling law will go into effect on July 1, 2016. The food industry spent tens of millions of dollars to try to stop this, but they apparently have given up the fight.

Last year, the Koch brothers controlled congressional representative, Mike Pompeo, attempted to get congress to pass the DARK Act, otherwise known as the Deny American’s the Right to Know Act, which would have stripped Americans voting rights across the United States when it came to voting on labeling GMO poisons.

Numerous independent studies link GMO’s to tumors, asthma, cancer, allergies, birth defects, deformities, kidney damage, liver damage, and several other maladies. For example, a French study showed that massive tumors began growing in rats fed only GMO foods after only three months. The industry studies, however, show that they only allegedly tested rats up to three months, which makes one wonder how many other tests the industry tried on rats that lasted longer than three months. See http://www.cbsnews.com/news/study-on-genetically-modified-corn-herbicide-and-tumors-reignites-controversy/. One has to wonder why the USDA approved GMO poison for human consumption back in 1996 considering they only looked at industry studies.

The industry studies, however, demonstrate absolute safety to humans, except for the studies that have been leaked to the public. See Cows Fed GMO Corn Died–Organic Authority. Also see A Valuable Reputation–the New Yorker.

For more information, click on the following link. Vermont GMO Labeling Law Going into Effect–Ecowatch

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globalization
There is a great right-wing Republican conspiracy to rewrite history, And there is a Democratic Party conspiracy to rewrite history. All of this is to misinform us, to divide the 99 percent, making it easier to financially rape us on behalf of the 1 percent.

The first duty of each major political party is to listen to their respective voter bases and tell them what they want to hear in terms of social issues. The second duty of the respective leadership of each political party is to reach relatively secretly across the aisle to each other, and use the levers of government to financially rape and pillage the 99 percent on behalf of the 1 percent.

The Trans Pacific Partnership (TPP), a massive income redistribution scam the political big boys call an international trade agreement is the most recent case in point. The TPP has almost nothing to do with trade.

The leading parasites of the Republican Party want us to believe that fewer governmental regulations and tax cuts for the rich will unleash greater prosperity. And it does, for the rich. The leadership doesn’t want you to know that the big money boys exercise quite a bit of market and political power, and they use this to rape and pillage the rest of us financially.

When this era tax cuts for the rich and fewer regulations began in 1981, the rich went from capturing 8 percent of all the income in the USA to 37 percent today. The US middle class has declined from 61 percent of the population in 1970 to 49 percent today. That’s what occurs when the government redistributes income from the 99 to the 1 percent. But the Republicans are not alone in causing these numbers. Far from it.

The Democratic Party has a different voter constituency than the Republican Party, such as labor unions. So the Democratic leadership has unleashed a rainstorm of misinformation over the last several years about how technology is destroying jobs, thereby creating a job shortage. Economists have been predicting this result for over two hundred years, and they’re still wrong. What we’ve discovered over those 20 decades is that technology creates more jobs than it destroys, but the leadership doesn’t want us to know this.

Think about how the computer industry displaced the typewriter industry and created tens of millions more jobs than the old industry supported. The same thing is also true of the auto industry transplanting the horse and buggy manufacturers. Notice nobody is suggesting that technology is replacing workers in China, Vietnam or Germany, for that matter. To see how this propaganda works, chech out A Review of Robert Reich’s AfterShock–JohnHively.wordpress.com

The news media always falls in line and prints whatever lies the leadership’s present, depending on the biases of the editors, and their advertisers.

The Dems and their allies point to technology as the primary culprit because the leadership has continuously supported exporting tens of millions of US jobs since Democratic President Bill Clinton caved in to Wall Street and signed NAFTA. Wall Street has since prospered, while main street is eviscerated, along with the American dream.

Like the Republican leadership, the Democratic leadership hide their real motives behind patently false propaganda in order to rape us financially. In the meanwhile, both leadership’s will issue proclamations about wars against women, and wars against Christmas, and rally the base around bathrooms for transgender people or wars against guns.

Don’t fall for this propaganda. Instead of remaining divided on social issues, unite on economic issues, like the Trans Pacific Partnership.

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