Friday, October 21, 2011
Thought for the Day
To make any kind of gain in life....You must make a commitment of money, time, love, something. That is the law of the universe. Except by blind chance, it cannot be circumvented. No creature on earth is excused from obedience to this pitiless law. To become a butterfly, a caterpillar must grow fat; and to grow fat, it must venture out where birds are. There are no appeals. It is the law. Max Gunther
The Real Reasons for the Uprising
And what exactly is causing our economic problems? In short: inflation. Both the creation of new money unbacked by productive activity — literally, conjured up from nothing at the whim of a central banker — and the artificially low cost of borrowing to expand the amount of debt…again, thanks to central bankers buying government debt with the money they create in order to shove interest rates down.
Inflation erodes the value of savings. It causes middle-class wages to rise more slowly than prices over time. The well connected — mainly, commercial banks — get the money first and benefit, while their spending of the new money causes prices to rise. Everyone else has to beg and hope for cost-of-living increases to their wages.
http://whiskeyandgunpowder.com/the-real-reason-for-the-uprisings/
Thursday, October 20, 2011
Steve Jobs and Occupy Wall Street
The death two weeks ago of Steve Jobs, co-founder and longtime head of Apple Inc., is a great loss, but it offers a valuable teachable moment.
In a way it’s not surprising that protesters involved in Occupy Wall Street have been, as far as I can tell, silent about Steve Jobs because his death was so recent. At the same time, it’s a little surprising to me that Occupiers haven’t used the opportunity to condemn someone who has been one of the leading members of the “1%” — corporate billionaires — against whom they have expressed such disgust. From the perspective of most (though not all) of them, Jobs should have been Exhibit A in the case against capitalist exploitation. Even though his personal wealth is said to have exceeded $8 billion, I haven’t been able to find very much in the way of outrage against him or his company.
http://whiskeyandgunpowder.com/steve-jobs-and-occupy-wall-street/
Sunday, October 16, 2011
Why the State Demands control of Money
Because you can create paper money out of thin air, you can also create credit out of thin air. In fact, because you can create credit out of nothing (without any savings on your part), you can offer loans at cheaper rates than anyone else, even at an interest rate as low as zero (or even at a negative rate). With this ability, not only is your former dependency on banks and the banking industry eliminated; you can, moreover, make banks dependent on you, and you can forge a permanent alliance and complicity between banks and state. You don’t even have to become involved in the business of investing the credit yourself. That task, and the risk involved in it, you can safely leave to commercial banks. What you, your central bank, need to do is only this: You create credit out of thin air and then loan this money, at below-market interest rates, to commercial banks. Instead of you paying interest to banks, banks now pay interest to you. And the banks, in turn, loan out your newly created easy credit to their business friends at somewhat highe,r but still submarket, interest rates (to earn from the interest differential). In addition, to make the banks especially keen on working with you, you may permit the banks to create a certain amount of their own new credit (of checkbook money) in addition and on top of the credit that you have created (fractional-reserve banking).
Wednesday, October 5, 2011
Occupying Wall Street - Why are the Fed, Treasury and Capitol Ignored?
The protesters most likely fail to appreciate that everything associated with the Great Recession is a product of a long-standing and deep-seated partnership between big influential business/financial interests and government – the corporate state. Through most of American history, banks and other financial institutions have operated in league with government, especially since the Federal Reserve opened its doors nearly a century ago, and that this money-manipulating cartel has facilitated war, cheap credit to favored interests, and bailouts.
Tuesday, October 4, 2011
Proposed List of Demands For Occupy Wall Street Movement
These proposals are the antithesis of Free Market Capitalism!
Demand one: Restoration of the living wage. This demand can only be met by ending "Freetrade" by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.
Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors.
Demand three: Guaranteed living wage income regardless of employment.
Demand four: Free college education.
Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.
Demand six: One trillion dollars in infrastructure (Water, Sewer, Rail, Roads and Bridges and Electrical Grid) spending now.
Demand seven: One trillion dollars in ecological restoration planting forests, reestablishing wetlands and the natural flow of river systems and decommissioning of all of America's nuclear power plants.
Demand eight: Racial and gender equal rights amendment.
Demand nine: Open borders migration. anyone can travel anywhere to work and live.
Demand ten: Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observers system.
Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the "Books." World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the "Books." And I don't mean debt that is in default, I mean all debt on the entire planet period.
Demand twelve: Outlaw all credit reporting agencies.
Demand thirteen: Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union.
These demands will create so many jobs it will be completely impossible to fill them without an open borders policy.
Occupy Wall Street: A Story without Heroes
Although there is no single ideology uniting the movement, it does seem to have a general philosophical thrust, and not a very good one at that. OccupyWallStreet.org has a list of demands, and while the website does not represent all of the protesters, one could safely bet that it lines up with the views of most of them: A "living-wage" guarantee for workers and the unemployed, universal healthcare, free college for everyone, a ban on fossil fuels, a trillion dollars in new infrastructure, another trillion in "ecological restoration," racial and gender "rights," election reform, universal debt forgiveness, a ban on credit reporting agencies, and more power for the unions. Out of over a dozen demands there is only one I agree with — open borders — and, ironically, many on Wall Street probably favor that as well.
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