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Archive for February, 2019

Bernie Sanders announced he is running to be the Democratic Party nominee for United States president in 2020. The billionaires who control the national news media immediately began the negative coverage of Sanders.

The New York Times, for example, immediately published a story about how incompetent the Sanders campaign had been in getting its message out to African-American voters.

CNN broadcast a story about how it will be more difficult for Sanders to win the nomination in 2020 than it was in 2016. The argument is that Sanders is now running against women, suggesting in the process that Hillary Clinton, the most politically powerful female in US political history, was not a woman. Or perhaps the folks at CNN decided to overlook the fact that Clinton was and still is a woman, who raised more money and received more votes while running for president than anybody in United States and perhaps world history.

Expect more negative stories and broadcasts about Sanders. The billionaires and Wall Street executives fear Sanders more than any other candidate, with the possible exception of Elizabeth Warren.

Expect Joe Biden to become the billionaire/Wall Street Democratic candidate and to enter the race relatively soon. The big money will be behind Joe, as well as the corporate news media. We can expect no less from the billionaires in the race to put a man or a woman of the people in the white house. They will try to stop Sanders, Warren, or any progressive, for that matter.

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The New York Times and MSNBC are flagships of Democratic Party control, along with other news outlets. The Republican Party wields similar control over such outlets as the Wall Street Journal and Fox News. Wall Street exercises massive influence over all of the above. And Wall Street does not want somebody to become president of the United States. Elizabeth Warren is that person.

Warren is one of the most pro-99 percent members of the United States Senate, along with Bernie Sanders, Jeff Merkley, Sherrod Brown and a few others. Alexandria Ocasio-Cortez us her closest competitor in the U.S. House of Representatives in this regard.

The last thing billionaire Wall Street executives want is a president who will put an end to their corruption of US politicians, end the production of legislation that redistributes income from the 99 percent to the billionaires, and put an end to the massive corruption of the corporate wing of the United States Supreme Court.

That is why the Wall Street controlled Democratic National Committee (DNC) and its political weapons of mass misinformation, such as the New York Times, are focusing all of their attention on Warren’s youthful claim of thirty-three years ago that she had Native-American ancestors, which Warren’s DNA test verified six months ago. The intent of this is to discredit and ridicule Warren as a presidential candidate. The real issues, such as income and wealth inequality and the legislation that has brought this about via the massive corruption of all three branches of the United States government, are not being mentioned, and deliberately so.

Warren is one of the very best candidates for president the 99 percent and uncorrupted democracy could have and the worst for the billionaires of Wall Street. For example, Warren is the sponsor of the Anti-Corruption and Public Integrity Act. Some of the features of this legislation would eliminate even remote possibilities of corrupting lawmakers and that is a scary prospect for the billionaires of Wall Street who count on that corruption to be able to get richer at the expense of everyone else. A few of the provisions of the legislation are below and notice the corporate news/propaganda outlets are deliberately not mentioning them.


Warren’s legislation would ban individual stock ownership by Members of Congress, Cabinet Secretaries, senior congressional staff, federal judges (such as the corrupt corporate wing of the United States Supreme Court), White House staff and other senior agency officials while in office. Prohibit all government officials from holding or trading stock where its value might be influenced by their agency, department, or actions. It would also:

• Apply conflict of interest laws to the President and Vice President through the Presidential Conflicts of Interest Act, which would require the President and the Vice President to place conflicted assets, including businesses, into a blind trust to be sold off.

• Require senior government officials and White House staff to divest from privately-owned assets that could present conflicts, including large companies and commercial real estate.

• Apply ethics rules to all government employees, including unpaid White House staff and advisors.

• Require most executive branch employees to recuse from all issues that might financially benefit themselves or a previous employer or client from the preceding 4 years.

• Create conflict-free investment opportunities for federal officials with new investment accounts managed by the Federal Retirement Thrift Investment Board and conflict-free mutual funds.

All of these provisions would help ensure the restoration of uncorrupted democracy in the United States, but the badly corrupted corporate news media would rather have you focus on other issues while attempting to discredit the author of the above provisions. Corruption clearly extends beyond easy purchases made in the political markets.

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In 2018, the world’s billionaires saw their wealth grow by $2.5 billion every day while the world’s poorest 3.8 billion people experienced an 11 drop in their wealth, according to a new report by Oxfam, a charity organization that tracks income and wealth inequality throughout the world.

The report noted the wealth of the rich grew by 12 percent last year. Much of that growth was because the billionaires extracted it from the lower 99 percent using their levers of political and judicial power, having corrupted democratic institutions in most nations of the world, most notably in the United States. So yes, the wealth of the rich grew at the expense of the lower 5O percent of the world’s population and most everybody else.

“Since the global economy collapsed, we have learned nothing—the number of billionaires has nearly doubled, with a new billionaire being minted every other day,” said Paul O’Brien, Oxfam America’s Vice President for Policy and Campaigns. “While corporations and the super-rich enjoy lower tax bills, millions of girls around the world have no access to a decent education and women are dying due to a lack of maternal health care.”

In the United States, 30 people hold as much wealth as the poorest half of the population. The Trump/Republican Party tax cuts favoring the wealthy and their corporations predominantly benefit men, who own 50 percent more wealth than women globally and control over 86 percent of corporations.

“The recent US tax law is a master class on how to favor massive corporations and the richest citizens,” O’Brien said. Corporations, coincidently, much like the corrupt corporate wing of the United States Supreme Court, are tools of the rich and are used to tilt the economic, financial and political markets in their favor, and against the interests of the 99 percent.

Globalization is a primary conduit for redistributing income from the 99 to the 1 percent. Exporting US jobs via free trade treaties, for example, is a perfect example. Income and wealth are redistributed by these government negotiated treaties as US jobs are exported; the difference between the old higher U.S. wages and benefits and the new poverty wages in third world nations is redistributed to the rich via higher corporate earnings, rising dividends, and surging share prices. The US workers, if they are lucky, might qualify for unemployment insurance for a few months.

Our economy has been broken by the rich using their ill-gotten gains to purchase the favor of politicians and US Supreme Court Justices, either with legalized bribes called campaign contributions, jobs for spouses, and/or their political and judicial actions are guided with a strong belief in class solidarity. Meanwhile, hundreds of millions of people live in extreme poverty while huge rewards go to those at the very top. The number of billionaires has doubled since the financial crisis and their fortunes grow by $2.5 billion a day, yet the super-rich and their corporations are paying lower rates of tax than they have in decades. The human costs, such as children without teachers, clinics without medicines, are huge. Piecemeal private services punish poor people and benefit the so-called global elites, who should be more accurately known as the global parasites.

“According to the report, “Women suffer the most and are left to fill the gaps in public services with many hours of unpaid care. We need to transform our economies to deliver universal health, education and other public services. To make this possible, the richest people and corporations should pay their fair share of tax. This will drive a dramatic reduction in the gap between rich and poor and between women and men.”

https://www.oxfamamerica.org/static/media/files/bp-public-good-or-private-wealth-210119-en.pdf

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