Feeds:
Posts
Comments

Archive for the ‘culture’ Category

Organized money is what controls politics in the United States. Money can be organized in any number of ways. A corporation is made up of money organized from investors. So too are hedge funds. In FDR’s time, organized mob meant organized crime. So what FDR said below should read,

“Government by the rich is just as dangerous as government by organized crime. Never before in all of our history have these forces been so united against one candidate as they stand today, They are unanimous in their hate for me–and I welcome their hatred.”

That’s the way it will be for Elizabeth Warren should she run for president.

In reality, in our government, organized money and organized crime are the same thing. That’s why so many Wall Street CEO’s can get away any crimes they desire, including fraud and money laundering for drug cartels. So, in reality, today, we have a government that is managed by politicians on the payroll of organized crime.

Perhaps this is why US middle class Senator Elizabeth Warren has refused to run for US president in 2016. She would be taking on the modern version of organized crime. Remember the golden rule; he who has the gold makes the rules. Guess who has the gold in the political markets? Just take a look below, and you’ll discover the answer.

Read Full Post »

The structure of the propaganda machine in their war against the middle class.

For an example of this propaganda see Why gasoline prices are rising; How the Corporate Propaganda Machine Lies to You

Read Full Post »

“A network of Republican lawmakers and their rightwing corporate funders are battling behind closed doors to block minimum wage increases in cities across the US, in a step-by-step counter-attack that could cut back the incomes of millions of Americans despite an economic upswing.

According to strategic details obtained by the Guardian, the American Legislative Exchange Council (ALEC) – along with its localized sister organization, ACCE – is trying to prevent elected city representatives from raising the minimum wage to levels above those set by their states. The group has launched an aggressive dual-track mission that combines legislation and litigation in what Alec calls a “new battleground” over worker compensation.”

Why would rich people want to stop poor people from earning more money? The answer is simple.

The financial markets are Ponzi schemes. More and more money has to be pumped into the financial markets, or the values of corporate shares that are traded on those markets will crumble into nothingness. For example, if shares of Weyerhauser climb to $50 per share, yet profits go down, more sellers will enter the market than buyers, and the value of the shares go down. However, the process is also true if profits stay the same from one quarter to the next. In which case, there might be exactly as many buyers as sellers of Weyerhauser shares if other stock prices are rising.

Why hold a static stock when when you can sell and purchase shares that are on the rise? The result of static corporate profits (and profits are the key to whether or not share prices rise), is to send share prices down. Weyerhauser’s stock plummeted from $50 to $1 per share from 1929 to 1933, which is when the Ponzi Scheme known as Wall Street collapsed. I demonstrated this in greater detail in The Rigged Game: Corporate America and a People Betrayed.

This is why ALEC opposes increasing the minimum wage anywhere except for shareholders, CEOs and corporate lobbyists. If corporations need to pay workers higher wages, that will reduce profits and potentially send share prices lower. This is also why the 1 percent wage war against the middle class, corrupt government at all levels with their ill-gotten gains, and have their legislators push legislation to redistribute income from the 99 to the 1 percent. This is also why we have much greater inflation today than the government lets us know about, but that’s another story.

Check out the rest of the story from the Guardian by clicking on the link below.

How a powerful rightwing lobby is plotting to stop minimum wage hikes–the Guardian

Read Full Post »

Read Full Post »

This is the reason why President Roosevelt successfully pushed for a 90 percent top marginal tax rate, to ensure the success of democracy for everybody, not just the rich.

Read Full Post »

Why do we have so much inequality of income and wealth today? The Reagan tax cuts unleashed billions of dollars into the political markets on behalf of the rich. The result has been massive corruption in government in all three branches, and both major political parties are now train wrecks of corruption. The result is large numbers of legislation and international income redistribution agreements falsely label trade agreements. These agreements are designed to redistribute income and wealth from the 99 to the 1 percent. That’s why and how the 1 percent steal over 36 percent of the income people produce in the USA yearly, compared to 8 percent in 1980. That’s also why the economy is historically weak.

The Trans Pacific Partnership (TPP) is the latest scam being pushed by the 1 percent through their President Barack Obama, as well as Wall Street Senator’s Ron Wyden, Orrin Hatch and Mitch McConnell. Among other things, the TPP will:

* TPP will give incentives for US corporations to export millions of US jobs. The Federal Reserve estimates that 28 million US jobs were exported between 1990 and 2010.

* TPP will increase US income and wealth inequality. The 1 percent have already taken 95 percent of all income growth in the United States since 2009. When the above jobs were exported, the difference between the old higher US wages and the new lower wages will go straight into the pockets of the 1 percent via higher corporate profits, rising dividends and surging share prices.

* Those lost jobs will no longer be paying the taxes for our infrastructure, social safety nets, schools, fire and police, but those lost jobs will push the stock markets higher.

* TPP will effectively eliminate your voting rights on local and state issues since it will unconstitutionally grant investors of the 0.01 percent special privileges to challenge labeling and health and safety local laws and regulations of the 99 percent, which most people call voter suppression, but in this case it should be called voter elimination,

* TPP will offer new monopolies for Big Pharma to raise medicine prices they charge you (which redistributes income from the 99 to the 1 percent),

* TPP will limit food safety standards (which redistributes and transforms your health into the profits of the 1 percent),

* TPP will block financial regulations aimed at preventing the next financial crisis (which will make it easier for Wall Street to redistribute your income and wealth to the 1 percent).

* TPP will destroy millions of jobs in Latin America (230,000 in the textile industry of El Salvador alone) forcing millions of undocumented immigrants into the United States.

* The result of the above will be to depress wages in both North and South America, all to the benefit of the 1 percent, and all at the expense of the 99 percent.

* And we can’t forget that TPP will increase the already massive US trade deficit with other nations, which is supposed to be a bad thing. The exported jobs will be producing goods overseas rather than here, and then US corporations will export their products from China and Vietnam into the United States, exacerbating the current trade deficit.

Read Full Post »

Inequality in the United States began with a simple idea; give more money to the rich so they can purchase the favors of government. This was called the Reagan tax cuts. The rich used their money to purchase more tax breaks in the political markets, and that’s exactly what the political area is; a market with buyers and sellers.

When President Franklin Roosevelt pushed for a 90 percent top marginal tax rate, he did it to act as a maximum wage, to save democracy from being purchased by the rich. Reagan let the genie out of the bottle.

Since Reagan, all sorts of legislation has been passed to redistribute income from the 99 to the 1 percent, including income redistribution treaties, falsely referred to as trade agreements.

Now President Obama is pushing the Trans-Pacific Partnership (TPP), the largest income redistribution agreement of all time. Since 2009, the rich have stolen 95 percent of all income growth. The TPP will increase this inequality. Wall Street Senator’s Orrin Hatch, Mitch McConnell and Ron Wyden are all for the TPP, since they have a history of siding with legislation that redistributes income from the 99 to the 1 percent.

In other words, Reagan’s tax cuts began rigging the game of economics and politics in favor of the 1 percent.

Read Full Post »

Older Posts »