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Archive for December, 2017


GMO-Free USA reports, “Over 60 Rodent feeding studies find harm after feeding Roundup Ready and Bt toxin insecticide-producing varieties of genetically modified foods that are in our food today. Harmful effects included: Stomach barrier damage, increased risk of intestinal infections, high cholesterol, high blood sugar; reproductive issues including lower birth weight and increased mortality of offspring; organ disturbances in the pancreas, liver, kidneys, adrenal glands, ovaries and testes; other disturbances including disturbances to the immune system, blood biochemistry and functioning of the digestive system. No wonder there is no consensus on the safety of GMO foods. Feel like a lab rat?”

Your government continues to allow US food corporations to sell that stuff to you as being safe. Your government and the politicians that rule it is completely bought off by big business. Always increasing profits are more important than people.

You can find GMO ingredients in mustard, corn, potatoes, milk, beef, chicken, ketchup, processed foods, cereals, just about anything with corn, canola or soy in them. Unless labeled “organic” or “non-GMO” assume you are eating GMO foods.

GMO products are more cheaply produced than non-GMO products because insecticides and herbicides are placed directly into crop seeds. So, for example, corn producing plants have the Ht herbicide in them which kills any other plants within three feet of them; those plants also have the Bt toxin. When a bug bites a corn plant with the Bt toxin, their bellies begin to swell until they explode. When you consume the corn that is genetically modified to have the Bt and Ht toxins in them, you are also consuming those toxins.

And yet, in 1995, the US Food and Drug Administration under President Bill Clinton, one of the most corrupt presidents in the history of the United States, allowed the product into the US food chain. Reportedly, the USDA accepted the studies done by the GMO corporations, such as Monsanto, which reportedly only provided the results of GMO tests on rats up to three months, but not a second more than that. The corporate researchers and CEOs most likely knew what their product did to rats after three months.

For a complete list of studies of GMO’s on rats (other than the corporate GMO studies, and we all know how corrupt those studies were) click on the following link. Then click on “see more.” https://www.facebook.com/GMOFreeUSA/photos/a.468695639837571.108816.402058139834655/1958564994183954/?type=3&theater&ifg=1

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Donald Trump has been in office nearly a year, Republicans control the US House and the Senate, and nary a word has been voiced by Republican legislators or that guy in the white house about passing legislation prohibiting abortion.

Senate Republicans passed tax cuts for the rich with only 51 votes using a procedure called “Reconciliation.” Now “reconciliation” has to deal with budget matters and has nothing to do with, say, making abortion illegal. However, the Republican Senate could easily advance a motion that requires a simple majority vote on legislation outlawing abortion, but they are not likely ever going to do this.

The Republicans in the US Senate passed a motion to make certain that all nominees to the US Supreme Court are able to take a seat on the highest court in the land with only a majority vote in the Senate, and filibusters are forbidden.

So what gives? Why won’t the Republicans eliminate legal abortions?

The Republicans, quite naturally, play the folks on the religious right as much as the Democratic leadership plays labor union members. The last thing Republican leaders want to do is pass legislation banning abortions. Doing this would allow fundamentalist Christians to focus on other issues.

What would Jesus Christ focus on in the absence of the abortion issue? Something about rich folks getting into heaven via an eye of a needle comes to mind. That has to be a giant needle, or maybe Jesus meant rich folks don’t have a shot at the kingdom of heaven. Maybe Christians might begin thinking about things like wealth and income inequality. That’s a big issue nowadays because income and wealth inequality has become so lopsided in favor of 1 percent of the population (See In the USA, the 1 Percent Now Own More Wealth Than the Bottom 90 Percent–JohnHively.Wordpress.com). The last thing the Republican leadership wants is defections of its base to the other side on the issue of wealth and income inequality.

My best guess is the Republican leadership doesn’t want to lose its grassroots base, and keeping abortion rights alive is the key to keeping the base aroused and under control by maintaining the base’s eternal hope that abortion one day will be legally ended. This hope, of course, can only be kept alive by keeping legalized abortion alive.

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The United States Federal Reserve Bank issued a report in September 2017 showing that the top 1 percent of US income earners now own almost twice as much wealth as the bottom 90 percent of Americans. Notice the corporate media did not cover this report. They did not want us to know this stuff.

Anyway, wealth is defined as assets, such as stocks, bonds, futures options, houses, cars, clothes, trinkets and such.

The graph above is straight from the Federal Reserve Bulletin. Notice the bottom 90 percent have seen their wealth drop from nearly 38 percent of the total wealth in 1989 to 23 percent today, a 40 percent drop. Meanwhile, the 1 percent has seen their wealth grow from just under 30 percent in 1989 to 38.6 percent today. The 1 percent also own more wealth than those people among the 90 to 99 percent, but just barely.

The reason the 1 percent has gained so much wealth while the 90 percent has lost it is that the rich are stealing it from everybody else via their corruption of both major political parties, and such corrupt politicians as Donald Trump, Mitch McConnell, Orrin Hatch, Paul Ryan, and Ron Wyden.

In the same report, Federal Reserve researchers discovered the rich stole a record-high 23.8% of the overall US created income in 2016 (See graph below), up from 8 percent in 1980. However, the current figure appears to be understated. At least one report shows the rich are stealing 37+ percent of the total income produced in the United States. The Fed’s report showed the bottom 90% of families now make less than half of the country’s income. That figure slipped to 49.7% in 2016, down by more than 20% since 1992 (It is likely the drop is greater according to another study).

The reason why the billionaires are getting wealthier and the rest of us are becoming poorer is because of such things as trade agreements via political corruption, privatization scams, tax cuts for the rich, unrestricted campaign finance donations, mandatory testing of public school students K-12, student loans, Federal Reserve and US government rescue of mortgage-backed bondholders by the tens of trillions of dollars (See The $26 Trillion Dollar Bailout to Save the 1 Percent, a totally corrupt corporate wing of the US Supreme Court (John Roberts, Clarence Thomas, Samuel Alito, Neil Gorsuch, and Anthony Kennedy),  etc…. Corruption in US politics have not been this bad since the Gilded Age, and this is how the rich are getting richer by stealing from the rest of us.

Millions of US jobs have been exported since 1992, thanks to trade treaties negotiated to ensure US corporations can export jobs to low wage nations, as well as create jobs in these poverty-wage nations rather than here. The difference between the old higher US wages and the new lower extreme poverty wages in Mexico (where the minimum wage is $4.70 a day), China, Bangladesh, Vietnam and elsewhere goes straight into the already fat wallets of the well-to-do parasites of the millionaire and billionaire classes.

The job losers (the producers) might get unemployment insurance if they are lucky. The rich take their stolen loot and purchase wealth, such as stocks and bonds. The job losers often have to sell their assets to cover their expenses as they search for new jobs that typically pay less than what they once earned.

This is a nice income and wealth redistribution scam that every Democratic and Republican senator and member of the House of Representatives know very well. Every president since and including Ronald Reagan and Barack Obama have known this scam.

The billionaires continued their war against the 99 percent when the US Senate passed their tax cut for the rich and their corporations. And so the war continues against the 99.5 percent. This is class warfare at its most one-sided.

You can find the report from the Federal Reserve at https://www.federalreserve.gov/publications/files/scf17.pdf. The graphs are located on pages 11 and 12 if I remember correctly.

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You only need to look at the Bush tax cuts of almost 15 years ago to recognize how tax cuts for the rich destroy jobs and redistribute income from the 99 to the 1 percent in the process. George W Bush was the first president since Herbert Hoover to experience negative job growth during his presidency. Now Trump will be the second president since Hoover to experience negative job growth. Here’s how the scam works.

The tax cuts for corporations will increase their after-tax profits. This will be handed out to the rich in the form of higher stock prices (capital gains) and dividend payments.

Meanwhile, the tax-cuts for the rich will deliver them more after-tax income with which to purchase more speculative investments. Both corporations and the individual wealthy will then inflate the current stock market bubble by purchasing more stocks, futures options, and other things of those natures. (A futures market is an auction market in which participants buy and sell commodity and futures contracts for delivery on a specified future date)

Naturally, this will bid up the price we pay for commodities, such as food, natural gas and oil. The difference between the current prices and the new higher (inflated via tax cuts for the rich) prices we will pay means that more of our income will be redistributed from us to the 1 percent.

In other words, we will be made to pay more to the rich for the food we eat, the natural gas we use to heat our homes, and the gasoline we need to power our cars, as well as other things, and that extra money we will be forced to pay will go straight into the pockets of the billionaires, people like Warren Buffett, the Koch Brothers, and Donald Trump.

The stock market bubble, perhaps the biggest in US history, will now continue to grow as both corporations and the individual wealthy have more money to bid stock prices up. The stock market bears a remarkable resemblance to a Ponzi scheme. A Ponzi scheme is a form of fraud in which belief in the success of a nonexistent enterprise (or artificially high stock prices) is fostered by the payment of quick returns to the first investors from money invested by later investors. In this case, the rich will be paid more and more for so long as the bubble continues to inflate, and for so long as it takes for the bubble to fizzle out. Corporate management will feel the pressure to export more and more US jobs in order to pay what is necessary to prop up their stock prices.

In other words, the tax cuts will produce greater pressure on corporate managements to export more US jobs to low age nations whenever possible. The difference between the old higher US wages and the new lower overseas wages will go straight into the pockets of the superwealthy. The rich will get all the increasing returns on investment from us, the stakeholders, rather than later investors. In that way, along with one other way which I shall not go into now, the stock market closely resembles a Ponzi scheme.

Trump’s disastrous tax cuts will cause a one trillion dollar increase in the federal deficit over the next ten years. Naturally, in order to reduce the deficit, Republicans will demand reductions of federal expenditures on education, road maintenance, social security payments to the elderly and disabled, Medicare, Medicaid, Welfare, food stamps and other programs that benefit the middle class and the poor, because of the deficit they have created with their tax cuts for the rich. In this way, the billionaires will become richer at the expense of everybody else, thanks to the unnecessary tax cuts.

Meanwhile, quite naturally, Republicans will insist on increased federal military expenditures and expanded deportations of undocumented immigrants because these programs are highly profitable to their base, which is the billionaires who control the party, and not the grassroots. The US currently spends more on its military than the next 26 nations combined, 25 of who are US allies. Talk about overkill or unnecessary.

The tax cuts are unnecessary inasmuch as the 1 percent are stealing a record amount of the total national income, going from 8 percent in 1980 to 37+ percent nowadays. Three people, (Jeff Bezos, Warren Buffett, and Bill Gates now own wealth (assets) than the bottom 50 percent of the US population. The top 1 percent now own more wealth than the bottom 90 percent. In addition, corporate profits are at record levels. So neither corporations or the rich need the money except as a way to steal more money from the rest of us, and the money from their theft will keep those stock markets, futures market, and other markets boiling upward until the bubbles pop. And that will produce a disaster for Trump, the Republicans, and us.

Every Republican who voted yes on the bill knows everything that I have written above. Yet, they still voted yes. This shows that the billionaires are their real constituents and not the grassroots. They all know the bill was passed on a series of lies.

Read more: Futures Market https://www.investopedia.com/terms/f/futuresmarket.asp#ixzz507u73Y1m The d
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