Posts Tagged ‘share prices’

The corporate media consistently lies to us on behalf of the billionaires and has seemingly forever. A good example is Genetically modified crops (GMO’s). They were supposed to be safe and have higher yields than traditionally planted or organic crops.

Last year, a study by the United States National Academy of Sciences, Engineering and Medicine showed that GMO crop yields were less than many traditionally planted crops, such as rapeseed and sugar beets. Some GMO crop yields were about the same as traditionally planted crops, such as corn.

The corporate news media also claimed using GMOs would reduce the use of herbicides and insecticides, which is ridiculous since the GMO herbicides and insecticides are genetically placed into the GMO plants, and not sprayed outside the plant, and then you eat those bug and plant killers when you consume the plant. The folks of the corporate news media also don’t want you to know the information in the previous sentence.

When a bug bites into a GMO plant, the Bt toxin genetically placed into the plant kills the bug by swelling up its intestines until it explodes. The Ht toxin or herbicide placed into plants prevents weeds from growing near crops by killing them. You eat the Bt and the Ht toxins when you consume the crop.

In many cases, insects have adapted to the GMO Bt and Ht toxins and forced GMO farmers to use greater and stronger amounts of insecticides and herbicides. This is why herbicide use has grown in the USA, while insecticide use has stayed the same. Now if you count the pesticide genetically placed into GMO crops, it’s likely US insecticide use has grown. By way of contrast, in France, where GMO’s are not allowed to be planted, insecticide use has declined.

Herbicide use in the USA is the upper line, the lower line is herbicide use in Europe

“Safe” was the biggest corporate news media lie when it comes to GMOs. To this day they continue to express this lie to us, as do politicians of both major political parties. The Monsanto Corporation applied to get its GMO’s entered into the US food chain to the United States Food and Drug Administration (USDA) a couple of decades ago, which granted its request on the basis of Monsanto’s own unbiased (I mean that sarcastically) tests of its product on rats. It turns out the tests supposedly lasted all of three months, and the USDA failed to do any of its own testings. The USDA approved the GMO poison for the US food chain.

When an independent French study showed GMOs caused tumors in rats after eating GMOs for more than three months, the US corporate media establishment attacked the study, following the lead of the GMO corporations. Not once did a major US news outlet investigate to see if maybe Monsanto’s testers had a reason to study rats and GMO consumption for more than three months. Odds are the Monsanto researchers knew their product caused tumors in rats, but only after three months of feeding them the GMO poison. So they only supplied the data for the first three months of rats being fed GMOs. See Scientist Who Discovered GMOs Cause Tumors in Rats Wins Landmark Defamation Lawsuit in Paris–Healthnut.com

GMO crops are less labor intensive than traditionally planted crops, and therefore cheaper to grow and more profitable. There lies the reality behind all the liOddes. The corporate news media doesn’t want to offend food advertisers, such as Safeway, Walmart, Albertson’s, Krogers, Nestle, Coca-Cola, Pepsi-Cola, General Mills and many more because they all use GMO’s to increase their profit margins, and keep their share prices higher than they would otherwise be.

In addition, of course, keeping us misinformed helps giant GMO manufacturers like Bayer, which is currently the owner of Monsanto, as well as the powerful Wall Street investment banks, such as Goldman Sachs, Citibank and JP Morgan Chase.

All of these corporations keep the pressure on the corporate news media to keep us uninformed and misinformed about many issues, such as GMOs, which have been linked to tumors, autism, obesity, allergies and many more health issues in humans. Keeping us misinformed and uninformed on behalf of billionaires, hedge funds, both major political parties, major investment banks and food manufacturers is, in fact, their job.



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According to the Economic Policy Institute, “The state employment and unemployment figures for October, released today (Dec 4, 2015) by the Bureau of Labor Statistics, were slightly more encouraging than the previous few months. Job growth remained steady in most states and unemployment rates ticked down slightly more, on average, than was the case heading into fall. Still, the U.S. labor market is far from fully healed. In fact, this month’s report marks something of a bittersweet milestone: there are now 25 states that have reached their pre-recession unemployment rates. Only 25 more to go.

These statistics understate the level of unemployment by a fairly hefty margin. The number of full time jobs are at a low level not seen since 1980, when the economy and population were about half of what they are now.

These sobering statistics reveal that this is the worst economic expansion in US history for the middle class. It also is following a trend. The second worst economic expansion was the previous one. As predicted in The Rigged Game: Corporate America and a People Betrayed, the impacts of the next recession will be longer and deeper for the declining middle class, as well as for the working and poor classes. That’s because millions of jobs are being shipped overseas, and the difference between the old US wages and the new lower foreign wages goes straight into the pockets of the super rich via higher corporate profits, rising share prices, and surging dividends. That’s precisely why and how the 1 percent have stolen over 37 percent of all income produced in the United States in 2015, compared to 8 percent in 1980. Those figures are also why job and wage growth are the worst of any economic expansion in US history.

The 99 percent received only 63 percent of all the income in 2015, compared to 92 percent in 1980. This is why demand for goods and services is slack in 2015 compared to 1980, which is precisely why job growth is pathetic more than six years after the last recession ended. These figures are also why the stock markets have surged over the same period. The rich have used their ill gotten gains to bid up the price of stocks and bonds. The price for politicians has also surged, which is why the rich also heavily invest in politicians, which is why the rich have gotten richer at the expense of the 99 percent.

For example, Wall Street senator’s Ron Wyden, Mitch McConnell and Orrin Hatch have led the charge to ship jobs overseas, and redistribute income and wealth from the 99 to the 1 percent using government power. Nowadays, these scammers for the one percent are championing the Trans Pacific Partnership, the largest income and redistribution scam in US history, although it’s falsely marketed as a trade treaty. If this treachery passes congress, anticipate the middle class, currently 50 percent of all adults (down from 61 percent in 1970), will shrink down to 35-40 percent, and the rich will reach a milestone of stealing 50 percent of all US income by 2017, thanks to their henchmen in congress.

As for the report by the Economic Policy Institute, from July to October, 37 states and the District of Columbia added jobs, with Idaho (+1.5 percent), Nebraska (+1.2 percent), and Arizona (+1.1 percent) posting the largest percentage gains. The gains in Idaho and Arizona exemplify the strong growth experienced in a number of western states of the past year. Since October of 2014, states in the West—particularly those off the coast, such as Utah, Idaho, and Nevada—have had the strongest job growth nationwide. Job totals fell in 13 states from July to October, although only North Dakota’s (-0.7 percent) and Louisiana’s losses (-0.3 percent) seem indicative of a trend.

Unemployment rates fell in 40 states plus the District of Columbia since July. The largest reductions were in Missouri (-0.8 percentage points), South Carolina (-0.8 percentage points), Mississippi (-0.6 percentage points), New York (-0.6 percentage points), Ohio (-0.6 percentage points), South Dakota (-0.6 percentage points), Virginia (-0.6 percentage points), and West Virginia (-0.6 percentage points).”

Check out the whole story by clicking on the following link.

How Strong in the US Economic? Six years after the end of the last recession, unemployment is still higher than it was before the recession–Economic Policy Institute

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Federal Reserve Chairman Janet Yellen announced Wednesday, December 16 that the Fed will raise short term interest rates by .25 percent. That means interest rates are going to rise for the 99 percent; from 15 to 17 percent on credit cards, for example. Home mortgage rates, car loans, home equity credit lines, and student loans, among other loans, are going to rise. Home mortgage loans will rise from about 3 percent to roughly 5 percent.

Yet there are no signs of an inflationary spiral, which would in theory spur the Fed into raising rates, which is one of its falsely stated goals. Then there’s high (but not too high) employment, another cherished and false goal of the Fed. For the last six years the US economy has been creating less jobs every year (and with declining wages) than occurred under that alleged dreadful president, Jimmy Carter, whose four years as president also included rising real wages. Carter did this with an economy and population about half of today’s economy.

Preliminary indications are that the US is headed toward a recession deeper and longer than the last one, and we should arrive there somewhere between seven and seventeen months from now. The Fed’s actions exacerbate these indications by redistributing income from the 99 to the 1 percent, curtailing demand, and hurting the economy, such as a US durable goods sector that is clearly in recession. So what gives? What is the Fed up to?

Despite false statements to the contrary, the Fed actually has pretty much followed only two goals throughout its history, and its latest move is a classic example of this. One goal is to protect the profits and share prices of the big banks, and number two is to protect wealthy investors from their own bad investment decisions. Everybody else is expendable when the Fed undertakes its responsibilities. In other words, the 99 percent is expendable, and often the victims, of the Fed’s actions on behalf of its unstated goals, which is to financially protect the rich.

And so in this most recent Fed action, the Fed is doing its first duty; increasing the earnings and share prices of the big banks at the expense of the 99 percent, which makes it seem, quite accurately, that the relationship between the Fed/Big Banks and the 99 percent is akin to parasites unto their hosts.

Your higher credit payments are going toward greater bank profits, which will provide rising dividends to rich shareholders. Share prices might and should rise, at least in the short term. This is pure income redistribution, and the corporate propaganda network wants you to believe the Fed’s increase in interest rates is to stabilize the economy, or limit non-existent inflationary pressures, or who knows what. But the last thing the corporate press wants you to know is that more of your income is being redistributed by the US Federal Reserve Bank to the rich via higher bank profits, rising shares, and soaring dividends. The rich are going to get richer, and you are going to be more poor.

The ten biggest US banks have many things in common, and one of them is declining share prices since last summer. Clearly, the Fed’s action is intended to reverse the decline.

The ten biggest US banks are:

1 JP Morgan Chase
2. Bank of America
3. Citigroup
4. Wells Fargo
5. US Bancorp
6. Bank of New York Mellon Corporation
7. PNC Bank
8. Capital One
9. HSBC North America Holdings
10. TD Bank US Holding Company

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A new congressional study suggests that massive immigration increases in recent decades have hammered middle-class wages. Whether through taking jobs or casting votes, hyper-immigration is revolutionizing the U.S.

We are a nation of immigrants, it is often reflexively said. But it is a little-known fact that our foreign-born population dropped more than 11% in the quarter century after World War II.

Since 1970, however, we have become a nation of hyper-immigration, as the foreign-born among us have exploded from fewer than 10 million to more than 41 million as of 2013 — a staggering 324.5% increase.

If a job cannot be exported, then immigrants are encouraged by business and government leaders to enter the United States to generate greater competition among middle class workers, which lowers wages and benefits. For example, a recent study shows that three out of four high tech workers are unemployed in their areas of expertise, and wages in the high tech sector are the same as during the early 1990s, and yet congressional leaders want to admit more immigrants via the H1-B visa. In this way wages and salaries will continue to stay artificially low, which benefits the 1 percent at the expense of the middle class.

The difference between the old higher wages (what wages should be under normal immigration increases) and the new lower wages with hyper immigration, goes straight into the pockets of the super rich via higher corporate profits, rising dividends and soaring share prices.

The middle class is getting hammered by the loss of millions of jobs that are exported via international agreements falsely marketed as free trade agreements. But the middle and lower classes are also getting hammered by hyper immigration. These two governmental policies are income redistribution scams perpetrated by the leadership of both major political parties and their billionaire and corporate sponsors, such as the Koch Brothers and Warren Buffett.

How badly has immigration and free trade policies been for the middle and lower classes?

“A new analysis from the nonpartisan Congressional Research Service for the Senate Judiciary Committee finds that during this era of free trade and hyper-immigration, incomes of the bottom 90% of Americans flat-lined, then dropped starting in 2000. By comparison, middle-class wages increased between 1945 and 1970.

Last year, Karen Zeigler and Steven Camarota of the Center for Immigration Studies found that, according to federal government data, “since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal).”

In the fourteen plus years since 2000, less than six million net jobs have been created in the United States, and all of them have gone to immigrants. On the other hand, according to the Federal Reserve, 28 million jobs were exported from the USA from 1990 to 2010, and several million more have been exported since 2010.

Salaries, wages and benefits would be going up if the United States had six million less working age immigrants. More significantly, however, US wages would be surging and our tepid economy would be booming if those trade agreements hadn’t been conceived. In both cases, trade agreements and immigration, income and wealth inequality in the USA would not be nearly so significant as it is now.

While so-called international trade agreements are the major cause of the income and wealth inequality of the last thirty-five years, with the 1 percent going from taking 8 percent of all income created in the USA in 1980 to 37 percent today, immigration (legal and illegal) is another, though admittedly lesser, but still significant, culprit in the financial war the super rich are waging against the middle class.

The Trans Pacific Partnership (TPP) is the largest income redistribution scam of all time. It is falsely being marketed as a free trade treaty. The Wall Street wing of the Democratic Party, led by President Obama and Wall Street Senator Ron Wyden, have merged with the Wall Street wing of the Republican Party. The TPP will provide incentives for US corporations to ship millions of US jobs overseas, and drive millions of Latin American immigrants illegally into the United States simultaneously, just like NAFTA did.

That’s why the TPP is another income redistribution scam for the 1 percent.

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“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

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A new study by the Wall Street rating agency called Standard and Poor’s reveals what many already know. High income inequality suppresses the demand for goods and services, depressing GNP growth, and leading to more severe economic crashes than would otherwise be the case.

Here’s what the report won’t tell you. The rich invest their money in the political markets and in other investment areas such as stocks and bonds.

The money going into the political markets is used to convince politicians to pass legislation that redistributes income and wealth from the 99 to the 1 percent, such as free trade treaties. In other words, government corruption is far greater during times of inequality, and also because of it.

The investment money that goes into corporate stocks push up the value of those assets. It’s just a bidding process. So when more people purchase shares of any corporations than those who are selling their shares, the value of those shares go up. The same thing is true of bonds. None of these purchases add to GNP growth, and all of these purchases can result in redistributing income from the 99 to the 1 percent.

When corporate shares head down in value, CEO’s typically cut jobs or employee compensation, or ship jobs overseas to lower wage nations, which pushes profits higher, resulting in rising share and bond prices. The result is nothing more than income redistribution.

And so when inequality rises, it snowballs via the methods above, until such time as somebody decides such inequality is a bad thing. That only happens during the most severe economic crisis’s, such as during the Great Depression when there’s less money to go around to corrupt government.

Check out the story by clicking on the link below.

Wall Street Analysts Research: High Inequality Makes US Vulnerable to Crashes–Billmoyers.com

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What a difference a year makes! How is the United States going to create jobs over there, like the president says above?

The Trans Pacific Partnership (TPP), a treaty with 11 other Pacific rim nations, will make it easier to export jobs from the USA to those nations, especially extremely low wage, anti-labor union, Vietnam. That’s how President Obama plans to help them create jobs.

The difference between the higher US wages and the future extremely low Vietnamese wages will go into the already massively fat wallets of the 1 percent via higher corporate profits, soaring share prices, and rocketing dividends.

This will make worse the income and wealth inequality that has already been legislatively engineered during the last thirty years, and which has left the US economy tottering.

These economy and middle class destroying treaties have been supported by such generals in the war against the middle class as Wall Street President George W. Bush, Wall Street President Bill Clinton, Wall Street Secretary of State Hilliary Clinton, Wall Street Senators Ron Wyden, Orrin Hatch and Mitch McConnell, and we can’t forget Wall Street Congressman John Boehner.

Likewise, a similar treaty is being negotiated by the US with the European Union, and its low wage nations, such as Spain, Greece, Slovakia and Poland. It’s called the Trans-Atlantic Trade and Investment Partnership (TTIP). Guess where US jobs will be exported to due to this treaty? But that will help those nations create jobs, just like the president says above.

These legislative assaults on the middle class will eviscerate the tax bases around the nation for public goods, such as schools, roads and police.

The real purpose of both treaties is to override US laws, raise prices, export jobs to wherever the cheapest labor is located, and numerous other things, all of which will redistributed income and wealth from the 99 to the 1 percent. These actions will boast stock prices, and boost dividends of the 1 percent.

Rigging the economic and political game against the 99 percent; that’s what these treaties are all about. It also shows how immensely corrupt the US government has become.

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