Tuesday, October 21, 2014
Banks Hold Treasuries and Make Loans
6:35 pm edt
Ever since the 2008 financial collapse, banks have reduced their lending while accumulating U.S. Treasuries.
On the surface placing capital into the safest depositor may seem prudent. On the other hand, Why Big Banks Are Suddenly Interested in Talking to You Again? According to Inc, “After years of turning away small-business borrowers, the country's largest banks are now granting
one out of five loan applications they receive. The 20 percent benchmark represents a post-recession high for big banks (assets
of $10B+). Further, small banks have been approving more than half of the funding requests they receive.”
Read the entire article
Tuesday, October 7, 2014
Financial Regulators Bend Rules for Banksters
5:33 pm edt
Wednesday, September 24, 2014
Silicon Valley Corporatists
7:02 am edt
Remember the days when an entrepreneur would perfect their whiz kid ideas in a garage and bring them
to market? Did Steve Wozniak ever envision the behemoth that Apple would become and the cult camp that worships every new
product that flows from their robotic coolie assembly lines? Riots Over Rotten Apple Mania describes an example of the forbidding
underbelly of corporatist business model that Apple exemplifies so dramatically. Notwithstanding this record of 21th century
sweat factories, do the venture vulture capitalists of Silicon Valley interject added value in the products and services they
fund or do this culture of touting IPO offerings simply game a system to print money based upon imaginary dreams?
Tuesday, September 16, 2014
City of London vs. Scottish Independence
4:00 am edt
Scotland has a long and noteworthy history of banking. Money, savings and investing is entrenched in the culture and society.
Edinburgh is the fourth largest financial centre in Europe (after London, Frankfurt and Paris). Much of this reputation has
arisen from its history of innovation over the last three hundred years. The Bank of Scotland, established in 1695, one year
after the Bank of England by an Act of the Scottish Parliament, illustrates the prevailing attitude to the creation of money
in that era. A list of banking innovations is a useful background of Scottish banking activities.
Read the entire article
Tuesday, September 2, 2014
NCAA College Sports Oligopoly
3:04 am edt
The obsession over sports, long analyzed as half-crazed, defies logical explanation. Even so, it is
undeniable that organized athletics is big business. This standard certainly applies to professional leagues, but often it
is overlooked just how much money is involved in "so called" amateur games at the college level. A Brief History of the National Collegiate Athletic Association's Role in Regulating Intercollegiate Athletics
serves as a useful primer. Regulation of intercollegiate athletics may seem a desirable and necessary function to maintain
the integrity of sport. In spite of this noble objective, the supervision of the NCAA over college athletics usually comes
down to the excessive administration of football and basketball.
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