Tag Archives: pbs

Business/Economics, International, U.S.

Global Economic War: The big jumps in stock markets have nothing to do with economic recovery. It’s all part of the new way the Elite 1% make money.

“…the markets are basically run by algorithmic trading these days… Nobody’s making investments in the stock market thinking they’re getting a long term investment in the company that they’re buying a stock for. So all we’re looking at is trading on news.”-Catherine Mann, Brandeis University International Business School, and former member of the Federal Reserve bank Board of Governors

“…what you have right now is massive amount of liquidity around the world sitting on the sidelines with very cheap equity markets. So any time there’s a little bit of positive news, you see this explosion in stock markets, and because it’s so cheap and there’s so much money just sitting there ready to move.”-David Smick, economic policy strategist

PBS Newshour interviewed two ‘experts’ on why the stock markets are seeing huge swings up and down.  Both basically said it had nothing to do with economic recovery, it’s basically a war being fought with cash, and is the new way the 1% are making even more money. It’s being done without the labor or services of the 99%, by simply day trading on the World’s stock markets instead of creating new products or hiring more employees.  If you’re a rich bastard or bitch and you could make more money day trading than actually making a product or service (requiring you to spend money on employees and transportation and benefits and other costs associated with traditional enterprise) then why not?

“…that’s the way that banks fund themselves, is that they borrow in the overnight market from each other. And since the summer, we have been looking at the interest rate that they charge each other has been rising and rising and rising. It’s now at a level or was earlier today at the level right before the crisis with Lehman Brothers.”-Catherine Mann

“If you look at today and you say, when’s the last time that the global central banks got together, it was three days after the Lehman crisis in 2008.”  “The problem is…a solvency [the ability to pay your bills] problem in Europe, not a liquidity [cash, meaning the 1% have plenty of cash on hand] problem.”-David Smick

“…one of the downsides of this additional liquidity being put into the global marketplace is that it provides more ammunition for the traders in the marketplace who want to bet against the central bank, or against the European Central Bank in particular, or, want to bet against some of those sovereign governments in Europe that are running some difficulties.  So this excess liquidity, or a lot of liquidity, does have a downside. And I think that we aren’t thinking exactly how that ammunition is going to be used. We’re thinking it’s going to be used for good [like providing more jobs, creating new products and services, etc.], but there’s no guarantee that it’s going to be used for good.”  “…this intervention in Europe…doesn’t even come close to addressing the political problem that they face…National governments have spent too much money, they have borrowed too much over a long period of time.”-Catherine Mann

“It’s a little bit like the house is on fire, and…the pluming is backed up. Well, today, we took care of the plumbing [referring to the central banks of Europe, North America and Japan/Pacific Asia Group (the three member regions of the one world government seeking Trilateral Commission) agreeing to provide dirt cheap loans to the 1%] , but the house is still on fire.”-David Smick

 

 

Business/Economics, International, U.S.

BBC finally admits to helping the United States overthrow democratically elected Iranian Prime Minister, BBC doing the same thing in the U.S.?

In 1951 Iranians elected a Prime Minister for the first time.  It meant the downfall of the British backed Pahlavi regime.  But not for long.

The U.S. CIA has admitted many years ago, that it was ordered by President Eisenhower to overthrow the democratically elected Mohammad Mosaddegh.

Now the BBC (British Broadcasting Corporation) has admitted they helped the CIA.

The British were upset about their Anglo-Iranian oil company (now called British Petroleum, aka BP) losing control of Iran’s oil fields.  They convinced Eisenhower that the democratically elected Mosaddegh was a proxy of the Soviet Union.  So begins the long history of the British government using the United States as a puppet to enact regime changes all over the world (most recently Afghanistan, Iraq, and ongoing efforts in Libya).

How did the CIA do it?  The way they did it is now a classic text book example in University political science classes.  They started small by finding corrupt news media sources within Iran.  They paid them to write false news stories about the democratically elected government.  The BBC now admits to taking a part in this role.

After getting enough media sources printing false stories, they then bribe corrupt individuals, and even unemployed people, to run a round claiming abuse at the hands of the government.  This escalates to riots.  In 1953 so many people in Iran were believing the false stories, and there were enough unemployed and disenfranchised Iranian people that there was a full blown coup.  The Pahlavi regime was returned to power.

If you look at some of the “revolutions” in North Africa and the Middle East right now, they smack of classic CIA/British regime change tactics.

One of the reasons these regime change tactics work is that some of the false news reports actually contain examples of true abuses.  However, the false media stories exaggerate the true abuses, to make it look like the government is out to get everybody.  If this tactic lasts long enough, and the number of riots, with the expected police crack downs, increases it will create a downward spiral in social politics within the affected country.

The BBC admitted to the Iranian people that they helped overthrow their democratically elected government, back in 1953, though a documentary which recently aired on the BBC Persian TV channel.

It was the 1953 U.S./U.K. backed coup that led to the 1979 Iranian Revolution against the U.S. and U.K.

People of the United States don’t think it can’t happen here.  You lovers of PBS should be aware that BBC now owns PBS.  Why do you think there are so many British TV programs now playing on a supposedly U.S. TV channel?  It’s not because the executives of PBS are Anglophiles.  Oh, and don’t forget Rupurt Murdoch’s take over of many so called independent U.S. news corporations.  Murdoch became a U.S. citizen solely so he could legally begin taking over U.S. media.  Murdoch is member of the British Empire (aka Commonwealth).

Business/Economics, U.S.

Dumb Americans, like Frogs in a Boiling Pot: New study shows economic inequality in the U.S. as bad as some African countries, yet most U.S. citizens think everything is fine

Psychologist Dan Ariely designed a test, a test to see how much the average Joe in the United States knows about their own country’s income equality, or lack of.

Not surprisingly, to me anyway, the overwhelming majority (in the 90% range) of U.S. citizens still think the U.S. is equal when it comes to income distribution.  The reality is that income distribution is so unequal it’s as bad as many African countries: “…if we were to compare us with African countries, dictators in different places, you know, taking a lot of the wealth from normal people, we would be among the top half of the African countries of inequality.  So, the U.S. really has reached an extraordinary level of income inequality.”-Richard Freeman, Harvard economist

Here’s some facts about who holds the most income, and who doesn’t: “People don’t understand how much wealth the top 20% have.  They actually have 84% of the wealth.  And they think they have much less.  And more disturbingly, people don’t understand how little wealth the bottom of the distribution have.  The bottom 40% of the U.S. have about 0.3% of the wealth, basically zero.  And people think they have much more than that.”-Dan Ariely

This is what I call frogs in a economic boiling pot; by the time they realize they’re being screwed it could be too late to do anything about it!

But here’s a really interesting fact: “In the last 30 years or so, the share of national, of income that has gone to the upper 0.1%, not to the upper 1.0%, 0.1%, rose by 10 percentage points. That is one of the most astounding patterns I have ever seen in data.”-Richard Freeman

That’s right, the segment of society in the United States, that’s seen the most growth to their wealth, makes up only 0.1% of the population!

To see more on this important study, and WAKE UP AMERICA, go to PBS News Hour.

Business/Economics, International, Opinion, U.S.

BBC beggars U.S. for money, while U.S. Congress mulls cutting PBS

More proof that the British Empire (aka British Commonwealth) is taking over the United States.

BBC (British Broadcasting Corporation) is asking for money from the U.S. taxpayer (Department of State). This while Congress debates cutting major funding from our own PBS (Public Broadcasting Service).

BBC is dealing with huge cuts from the government of United Kingdom (aka Britain).  U.S. State Department likes the BBC because of it’s world wide audience. It’s possible that the BBC might be used to spread U.S. propaganda (isn’t that what Voice of America is for?).

Is this what Hillary Clinton meant when she asked Congress to increase funding for a stronger “American” media presence around the world?

Britain taking over U.S. oil industry. Britain taking over U.S. municipal water systems. Now Britain taking over U.S. public television!  Our founding fathers would commit suicide if they were alive today!