Tuesday, July 29, 2014

Corporatism Stifles Innovation

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."
 

6:20 am edt 

Tuesday, July 15, 2014

Corporatist Lobbying Replaced a Free Market

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.


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7:41 am edt 

Tuesday, July 8, 2014

Impact of IMF SDRs for Commercial Trade

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.


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1:14 pm edt 

Tuesday, June 24, 2014

Another Secret Trade Agreement - TISA

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."

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5:46 am edt 

Tuesday, June 17, 2014

FATCA Reporting and Drug Money Laundering

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.
6:23 am edt 

Tuesday, June 3, 2014

The Wealth Divide Never Wider

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. 
 
4:16 am edt 

Tuesday, May 27, 2014

Power in Military Black Budgets

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." 
 
5:57 am edt 

Tuesday, May 20, 2014

Internet 2 Corporate Governance

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." 
 

6:57 am edt 

Tuesday, May 6, 2014

Corporate Inversion Relocation

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. 
 
7:00 am edt 

Tuesday, April 22, 2014

Repeal of Glass-Steagall and the Too Big To Fail Culture

During the 1990’s the conventional economic wisdom supported the repeal of Glass-Steagall. 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." 
 
7:15 am edt 

Tuesday, April 15, 2014

High-Frequency Insider Trading

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.
 
8:51 am edt 

Tuesday, April 8, 2014

Corporate Profits and Tax Loopholes

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." 
 
7:22 am edt 

Tuesday, March 25, 2014

IMF and EU Capture of Ukraine

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 

7:40 am edt 

Tuesday, March 18, 2014

Transnational Opposition to Russian Sanctions

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.” 
 
7:49 am edt 

Tuesday, February 18, 2014

Missing Military-Industrial-Complex Money

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.

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8:31 am est 

Tuesday, February 4, 2014

No Bid Government Contracts

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.

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5:22 am est 

Tuesday, January 28, 2014

The Selling of Energy Independence

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.


6:20 am est 

Tuesday, January 21, 2014

Ben Bernanke's Banksters Legacy

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. 
 
3:11 am est 

Tuesday, January 7, 2014

Twenty Years of NAFTA Sucking Sound
 
Ah, what a better world the Free Traders built. With the rush to the bottom, the commemoration of the NAFTA 20th anniversary is a most hollow celebration. Those who have a memory of an actual economic prosperity, lament that H. Ross Perot’s warnings were ignored. Business literates urged the public to elect Perot as President. Establishment corporatist interests and corruptacrat officials joined forces to write a blueprint for economic consolidation and political futility. The fruits of this endeavor only satisfy the appetites of the select cabal of manipulation.
 
5:10 am est 

Monday, December 30, 2013

The World According to Monsanto

Corporate monopolies are not new, but ownership of patented grain seeds connotes that the control of the food supply is in the grasp of a private company. US supreme court rules in favor of Monsanto, "that a farmer in Indiana violated the intellectual property rights of the agricultural biotechnology titan Monsanto when he regrew the company’s genetically modified and herbicide-resistant soybean seeds by planting second-generation seeds."

Read the entire article

4:08 pm est 

Tuesday, December 17, 2013

Federal Reserve 100 Years of Failure

Researching economic publications on the first century of the Federal Reserve System provides a wealth of financial information that attempts to explain the way the central bank works. Rarely will the academic studies and official reports address the raw nature of a money creation by a private banking monopoly. The common practice of disparaging sources outside government or corporatist business circles, attempts to avoid addressing, much less confronting the plutocracy that controls the debt created money system.

Read the entire article 

6:02 am est 

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