Tuesday, August 26, 2014
The Monopoly of the Government Education Cartel
6:14 am edt
Learning is a noble pursuit, but the ancient Greek text is one of the few places where the Socratic
Method survives. Sanctioned political doctrine of required thinking is the mainstay in today’s august temples of purification.
Forget about a classroom, the curriculum core of New Age studies has no room for the classics, much less instructions into
the process of thinking itself. Except, of course for the need to electronically check off the loan applications and assign
grants to the business office. In the end, university is big business and developing intelligent graduates happens as an afterthought,
if at all.
Tuesday, August 12, 2014
Calico Discussed at The Google Camp
5:56 am edt
When the billionaire tech jet set decides to let down their hair, what do they talk about around the
campfire? According to the New Your Times
, "Google is sponsoring an elite conference this week at a golf resort in Sicily, with a guest list of chief executives,
investors and celebrities, all of whom were invited to bring their families. On the agenda are high-minded discussions of
global issues — along with relaxation by the Mediterranean Sea." How quaint! . . . For the real scoop, Here's What Went On At Google's Exclusive Conference For The Rich And Famous In Sicily
Tuesday, August 5, 2014
IMF Energy Carbon Tax
6:20 am edt
Well, the International Monetary Fund is at it again. It looks like controlling entire economy
conditions of nations is not enough for the IMF. The IMF urges higher energy taxes to fight climate change
and lays out "exactly what it views as appropriate taxes on coal, natural gas, gasoline and diesel in 156 countries
to factor in the fuels' overall costs, which include carbon dioxide emissions, air pollution, congestion and traffic accidents."
Tuesday, July 29, 2014
Corporatism Stifles Innovation
6:20 am edt
For an economy to grow and create actual wealth, innovation is a bedrock component in the development
of enhanced prosperity. Prosperity is an intriguing concept. Simply making and accumulating money falls short of establishing
a successful economic model. This recent report illustrates a prime example. Facebook stock soars, as company briefly passes IBM in market value
. "By most measures, Facebook is dwarfed by IBM: With about 7,000 employees, ten-year-old Facebook is on track to garner
$12 billion in sales this year. The 103-year-old IBM has more than 400,000 workers and sold almost $100 billion of computer
hardware and software in 2013."
Tuesday, July 15, 2014
Corporatist Lobbying Replaced a Free Market
7:41 am edt
The practice of a pure free market is so rare that a plausible argument can be made that a free market economy never
existed. However, as the saying goes, Once Upon A Time, economic commerce did reflect a voluntary basis for business transactions.
The fortunes of trade rested upon the mutual benefit of all parties, since repeated satisfaction built sustaining economies.
Competition was the norm and the quality of goods and services developed that propelled expanding growth and prosperity for
the largest numbers of participating producers and consumers. In the corporatist economic model, the goal is to create and
protect monopolies, while stamping out any enterprises that challenge the Plutocrat system.
Read the entire article
Tuesday, July 8, 2014
Impact of IMF SDRs for Commercial Trade
1:14 pm edt
The global corporatist economy works differently from business transactions at your neighborhood convenience store.
Ostensibly, the International Monetary Fund was set up to allow the G20 nations to umpire the ground rules to play nice in macro trade. Platitudes about promoting job growth or third world development
are the realm of public relations for the central banks. The impact of the IMF on virtually all countries, vividly seen in
every crisis whether real or contrived, always has a political objective that underpins the economic functions. As confidence
in national currencies falter, the big sugar daddy loves to intervene, provided they pull the strings.
Read the entire article
Tuesday, June 24, 2014
Another Secret Trade Agreement - TISA
5:46 am edt
The significance of the TPP -Trans-Pacific Partnership Agreement and the TTIP - Transatlantic Trade and Investment
Partnership Agreement has your head spinning already, now add another globalist gift to the Corporatocracy
model of total trade domination, the TISA - Trade In Services Agreement. According to the trade group, Coalition of Service Industries, "the TISA is currently being negotiated in Geneva, Switzerland with 50 participants
that represent 70 percent of the world's trade in services . . . The TISA has the opportunity to address major and fundamental
barriers to trade in services affecting the United States and the globe. Some barriers to services trade include limited
movement of data across borders, unfair competition from state-owned enterprises, lack of transparency and need for due
process of law, and forced local ownership and discrimination in obtaining business licenses and permits."
Read the entire article
Tuesday, June 17, 2014
FATCA Reporting and Drug Money Laundering
6:23 am edt The Foreign Account Tax Compliance Act, is the latest government effort to eliminate financial privacy from the international banking system. Already
provisioned within the law are reporting requirements and penalties, so the intent of this regulation requisite, seems more
intent on closing down foreign bank relations for American citizens.
Tuesday, June 3, 2014
The Wealth Divide Never Wider
4:16 am edt
The Robber Barons of the 19th and 20th century had nothing over the elites of today’s globalist
transnational financial conglomerates. The Richest Americans
, listed in Forbes conceals the real power that controls the economy. Net worth is deficient in gauging dominance in financial
commercialism and monetary preeminence. The Top 50 Highest-Paid CEOs
as reported by ABC News ties into Michael Hiltzik’s account that CEO-to-worker pay gap is obscene
, "The average CEO-to-worker pay ratio in 2012 was about 350 to 1." Yet the divide in pay does not exemplify the
exact lose in a livable standard of living for the ordinary staffer.
Tuesday, May 27, 2014
Power in Military Black Budgets
5:57 am edt The top five military contractors by sales are Lockheed Martin, Boeing, Northrop Grumann, General Dynamics and Raytheon. In addition to the Department
of Defense allocations, the top five intelligence agencies that often provide military use applications are the Central Intelligence Agency, the National Security Agency, the National Reconnaissance Office, the National Geospatial-Intelligence Program and the General
Defense Intelligence Program. The actual amount of monies that go into funding off the books secret projects, estimated by
Bill Sweetman as cited in the Economic Crisis and the Pentagon`s Black Budget, exceeds rational comprehension. "The Pentagon’s ‘black’ operations, including the intelligence budgets
nested inside it, are roughly equal in magnitude to the entire defense budgets of the UK, France or Japan, and ten percent
of the total."
Tuesday, May 20, 2014
Internet 2 Corporate Governance
6:57 am edt
With the FCC policy to allow a two-speed internet, the die is cast that corporate favoritism is
the focus of government, as Internet 2 accelerates to replace the network that has served the public so well for decades.
Internet 2 turns 15, asks. Has it delivered on its promise?
"Internet 2 was created by
34 university research institutions in 1996, when the commercial and non-commercial branches of the Internet's evolutionary
tree split off and went their separate ways. The mission of Internet 2 was to provide reliable, dedicated bandwidth to support
the ever-growing demands of the research and educational communities, and in doing so, to develop technologies that would
advance the state of the 'commodity' Internet."
Tuesday, May 6, 2014
Corporate Inversion Relocation
7:00 am edt
Leave it to the corporatist tax attorneys, re-incorporating a company overseas in order to reduce the
tax burden on income earned abroad, by having a foreign company buy its current operations. The foreign company then owns
assets, and the old incorporation dissolves, so goes the strategy of corporate inversion
relocation. This Corporate Tax Shell Game
, practiced with keen enthusiasm by world-class tax evaders and administered through their legions of CPA accountants, all
rely upon a tax code designed to drive business overseas. Professor Kenneth P. Thomas cites the latest trend.
Tuesday, April 22, 2014
Repeal of Glass-Steagall and the Too Big To Fail Culture
7:15 am edt
During the 1990’s the conventional economic wisdom supported the repeal of Glass-Steagal
l. However, "10 years later
, the end of Glass-Steagall has been blamed by some for many of the problems that led to last fall’s (2008) financial
crisis. While the majority of problems that occurred centered mostly on the pure-play investment banks like Lehman Brothers
, the huge banks born out of the revocation of Glass-Steagall, especially Citigroup
, and the insurance companies that were allowed to deal in securities, like the American International Group
, would not have run into trouble had the law still been in place."
Tuesday, April 15, 2014
High-Frequency Insider Trading
8:51 am edt
No one has ever claimed that the financial markets are a level playing field. Equities, bonds,
currencies, options and futures are not arenas that operate by equivalent standards for all parties. Great fortunes were built
not by chance, but on superior information, known to the few. Professional traders are not risk gamblers, but operate on the
premise of special advantage. Through advance and proprietary techniques that reduce exposure hazards and provide exclusive
head start triggers, which virtually guarantee profits, the elite firms dominate Wall Street.
Tuesday, April 8, 2014
Corporate Profits and Tax Loopholes
7:22 am edt
Record US corporate profits
are the beneficiary of easy money, near zero interest rates and monopolist aided government tax policies. The upward
surge in earnings since the depths of the financial collapse proves one incontrovertible fact; namely, tax regulations, implemented
to aid favorite companies, is the operational model of the corporatist economy. Americans for tax fairness for 2013 report
on 10 Companies and Their Tax Loopholes
. Included in this examination on Bank of America, Citigroup, ExxonMobil, FedEx, General Electric, Honeywell, Merck, Microsoft,
Pfizer and Verizon, indicated "corporations have stepped into the fray with some of the most aggressive lobbying we’ve
seen in years – calling for cuts to corporate tax rates, a widening of offshore tax loopholes."
Tuesday, March 25, 2014
IMF and EU Capture of Ukraine
7:40 am edt
It should be obvious that the recent putsch and regime change in the Ukraine inspired and backed by the U.S. shadow government,
benefits the international banksters. For the average EU resident, only further economic displacement and diminished prospects
can be expected from any inclusion of Ukraine into the EU dictatorial structure. Not so, for the corporatists who expects
expanded opportunities as Consortium News analyzes agricultural and energy companies recent involvement within the Ukraine.
Read the entire article
Tuesday, March 18, 2014
Transnational Opposition to Russian Sanctions
7:49 am edt
The vast gulf between corporate economic interests and political gamesmanship is vividly made clear
with the calls for sanctions against Russia. Now that the Crimea referendum has resulted in a ninety-six plus desire to join
the Russian Federation, the politico chess players in the West are eager to make Putin suffer. Former Soviet chess master
Garry Kasparov, anti-Putin critic and activist said, “even if the West doesn’t want to be in a fight with Russia,
Putin has already decided to start one.”
Tuesday, February 18, 2014
Missing Military-Industrial-Complex Money
8:31 am est
When Major General Smedley Butler made his case,"War is a Racket" he did not pull any punches. "The normal profits of a business concern in the United States are six, eight, ten,
and sometimes twelve percent. But war-time profits – ah! That is another matter – twenty, sixty, one hundred,
three hundred, and even eighteen hundred per cent – the sky is the limit. All that traffic will bear. Uncle Sam has
the money. Let's get it." The business of military procurement has multiplied since his fateful revelations.
Read the entire article
Tuesday, February 4, 2014
No Bid Government Contracts
5:22 am est
Corporatocracy is distinctly the dominate practice when it comes to doing business with the federal government. The once
embryonic relationships between favored companies and agency bureaucrats, have germinated into distinctive hybrid organisms.
Grafting into self-generating species resistant and virtually immune from pest control methods can be found in every area
of government expenditures. The big daddy of cozy dealing is that preverbal military-industrial-security complex.
Read the entire article
Tuesday, January 28, 2014
The Selling of Energy Independence
6:20 am est
Any analysis of domestic fossil fuel production and use must acknowledge that independence for
U.S. energy has not been the national goal. Contrary to utopian dreamers and radical environmentalists, oil, natural gas and
coal are the backbone of power in any modern economy. This power extends both to the fuels themselves and to the political
security that is required for any economy to prosper. Therefore, it seems counterproductive to encourage corporatist to export
our own precious resources for the mere motive of higher profits. Unfortunately, their ill-conceived greed is at the core
of much of our countries instability.
Tuesday, January 21, 2014
Ben Bernanke's Banksters Legacy
3:11 am est
With Ben Shalom Bernanke set to depart on the last day of January 2014, the critique and speculation
of his tenure as Chairman of the Federal Reserve begins. The mainstream financial press is giving mostly favorable accounts.
Heretofore, such praiseworthy acclamations strike a shape contrast with the actual record of the state of the economy. However,
the admirers of the Fed and his specific enactments live in a time warp that only masters of the universe encounter. For the
remaining population, an intense struggle for survival is the actual experience, remembered from the Bernanke years.