Tag Archives: unemployment

Business/Economics, International, U.S.

Government Evil: U.S. Consumers who use Cash make F-B-I list of Terrorists! Working for cash in the U.K. is a crime?

“These kinds of schemes are where we are focusing our efforts, and they are all, to borrow a phrase from the chancellor, ‘morally repugnant’. These schemes damage our ability to fund public services and provide support to those who need it. They harm businesses by distorting competition. They damage public confidence. And they undermine the actions of the vast majority of taxpayers, who pay more in tax as a consequence of others enjoying a free ride.”–David Gauke, ass hole British exchequer secretary to the Treasury, referring to people who get paid in cash!

At the beginning of this year the U.S. Federal Bureau of Investigation (FBI) released Community Against Terrorism (CAT) warning signs, which include people who “Use cash for large transactions”!  But did you know that in the United Kingdom you can go to prison for being paid with cash!

Of course people who don’t report their cash earnings when they file their tax paperwork can end up spending time in prison, but, why are governments so focused on the small fry individual, who might owe hundreds to thousands in taxes, when a tiny minority of elites have gotten away with a combined total of USD $20-trillion in unreported income/revenues?!

Just last week, the U.K. government sent a plumbing company owner to prison for not paying USD $77-thousand in taxes.  Here’s the thing, British government officials claim they’re owed about USD $54-billion in unpaid taxes every year, but according to the latest study by the British government established Tax Justice Network, the big tax evaders are not the individuals getting paid in cash, but they are the teeny tiny minority of elites that sucked off USD $20-trillion from the western economies in the past few years!

Why don’t the elected and appointed officials get some balls and go after those elitist economic terrorists?!  At least those individuals who are being paid in cash are spending the money, keeping the Circular Money Flow of the economy going! The elites are money vampires sucking it out of the Circular Money Flow system, crashing the economy!

By the way I’m amazed how many people in the United States still can’t believe that the FBI (under orders from Homeland Security) considers the use of cash an act of terrorism, but just go to this link and read the FBI CAT lists for yourself.

Long ago cash became king, and barter became the enemy. Anyone entering a city to do business had to first do business with money changers, to acquire the authorized cash for that specific city state.  Now credit is king, and cash is the enemy. If you want to continue doing business in the new world order then you have to give up the cash ghost: “…and that no one may be able to buy, or to sell, except he who is having the mark, or the name of the beast, or the number of his name.”–Revelation 13:17, Young’s Literal Translation

Business/Economics

Evil Elites: $20 trillion stolen away and hoarded by Global Elites, that’s why the economy sucks! Money hoarding causes poverty, destroys economies, is a threat to National Security!!! Too Big to Fails & LIBOR involved!

“These estimates reveal a staggering failure: inequality is much, much worse than official statistics show, but politicians are still relying on trickle down to transfer wealth to poorer people. People on the street have no illusions about how unfair the situation has become.”-John Christensen, Tax Justice Network

According to a recent report by the Tax Justice Network (established by the British Houses of Parliament in 2003), the reason for the lack of money in the failing western economies, is that the elites are hording it, to the tune of $12.5 trillion to $20 trillion USD (that’s according to data from the world’s top 50 banks)!!!

Wealth is finite, there is not enough for everyone, money does not grow on trees!  But, the only way an economy works well is if that money/wealth is in circulation, being spent to buy services and products. That’s why some incompetent economists and analysts have been lambasting the working class consumers for not spending more money.

Most working class consumers are broke, they operate on credit/debt if they still have it, and more and more the governments of the United States and United Kingdom are criminalizing the use of cash (which most people don’t have much of anyway).

Most U.S. corporations are broke, they’ve been operating on debt.  They even pay their employees with payroll loans from the Too Big to Fail banks!  Governments are broke, cutting services and raising tax rates in the hopes they can squeeze more out of the working class! So where is the money?

Between 2005 and 2010, the elites managed to hide away, in plain sight using the help of the Too Big to Fails, trillions in untaxed revenues using offshore accounts, and other tricks, by the top 50 international banks.

Notice this is during the same time period of the Credit Crisis/Crunch, and first recessions of the U.S. and Europe! This is evidence that the credit crisis is really  caused by elites siphoning as much as $20 trillion out of the Circular Money Flow, with the effect of literally hitting the brakes on the western economies!

This should be considered a National Security Threat!  The elites are economic terrorists!

The Tax Justice Network explains how the elites get away with their cash hording.   This latest report suggests that the true percentage of world elites is only 0.001%!!!

Here’s a list of the top 10 banks involved, see if you recognize any: UBS, Credit Suisse, HSBC, Deutche Bank, BNP Paribas, JP MorganChase, Morgan Stanely/SSB, Wells Fargo, Goldman Sachs and Pitchet.

Note that these banks are also being investigated for the international currency/interest rate fixing scandal involving LIBOR, TIBOR and EURIBOR!

It’s time the people of the western economies stand up and demand their crony capitalist lap dog politicians, and their crony capitalists leaders to “Show us the money!!!”

Business/Economics, U.S.

Evil Elites: Check the facts, fithly rich are NOT the ones creating new jobs!

Right wing pro-unAmerican Corporate America supporters are spouting off that the evil elites are the ones we should thank for job creation.

Fact: According to the Congressional Research Service’s report titled Small Business and the Expiration of the 2001 Tax Rate Reductions: Economic Issues, cutting taxes would have little affect on job creation. Here’s why; business owners already deduct their employees’ wages off their company’s tax filings!

Fact: According to the Congressional Research Service, there is no evidence that tax breaks results in increased investment into businesses!

Fact: Traditionally, in a bad economy the main reason for reduced employment is that business revenues are down, due to reduced spending by consumers.  Reduced revenue means less taxes businesses have to pay anyway (why do you think local governments are going bust?)! Tax breaks to rich business owners do not solve that problem!

Fact: Recently the Center on Budget and Policy Priorities issued a report which showed that tax breaks to rich business owners has a net effect of…nothing!  In the extreme short term jobs might be created, or working hours lengthened, but in the longer run the rich business owners cut back so much they cancel out any employment increases made in the short run!!!

Fact: Studies show that the businesses creating the most new jobs are new small businesses. But the overwhelming majority of filthy rich are not involved in new small businesses, so why give the elites more tax breaks?  According to the U.S. Treasury (Department of the Treasury, Office of Tax Analysis Methodology to Identify Small Businesses and their Owners, Technical Paper 4, August 2011), only 7.6% of elites get their income from small business operations, and only 5.6% of those actually have employees!!!

 

Business/Economics, U.S.

Evil Elites: Check the facts, high taxes on the rich do NOT hurt small businesses!

Right wing pro-unAmerican Corporate America supporters are spouting off that raising taxes on the elites will hurt small business owners.

Fact: The U.S. Department of the Treasury’s own data (August 2011 technical paper titled Methodology to Identify Small Businesses and their Owners) shows that increasing taxes on the filthy rich will affect only 2.5% of small businesses!

Fact: According to the Small Business Administration, the reason is that about 21 million small businesses are “mom & pop” operations, meaning they have little to no employees (they are operated by the owners themselves), and the average yearly revenue is only $45,000!

Something else, the SBA says the overwhelming majority of U.S. businesses are “small businesses”, employing more than half the U.S. work force.  However, the SBA also points out that the survival rate is not good, with only 25% lasting 15 years or more.  Interestingly the SBA says the survival rate for the big corporations is almost the same!

What this tells me is that tax breaks for businesses, or the filthy rich, are not helping businesses to survive long term (20 years is long term).

Business/Economics, International, U.S.

Media Misleading: Some news sources continue to say Romney is king of “small dollar” donations! How is $50,000 per person “small dollar”? Fundraiser held by convicted U.S. war criminal! Oh, and Israelis can’t wait to pay it on July 29!

I’ve noticed some news media sources seem to be marveling at how much money vulture capitalist Mitt Romney has been raising.  They even mislead people by claiming his campaign donations are “small dollar”!

Maybe small dollar if you’re one of the elites!  Try $50,000 per plate dinner fundraisers, that’s at least $10,000 more than what Obama is asking!

The most recent fundraiser was on July 12, in Jackson Hole, Wyoming.  It was hosted by recently convicted (in absentia, in May of this year!) war criminal Dick Cheney: “At the end of the week-long hearing, the five-panel tribunal unanimously delivered guilty verdicts against Bush, Cheney, Rumsfeld and their key legal advisors who were all convicted as war criminals for torture and cruel, inhumane and degrading treatment.  Full transcripts of the charges, witness statements and other relevant material will now be sent to the Chief Prosecutor of the International Criminal Court, as well as the United Nations and the Security Council.”-Foreign Policy Journal

The Jackson Hole war criminal fundraiser started out with $2,500 per person minimum donation and worked its way up to $100,000 for couples who would get to eat right along side Romney and Cheney, and, become a Founding Member of Romney Victory.

Another $50,000 per plate fundraiser for Romney is coming up on July 29, but not in the United States. It will take place in Israel.

But July 29 is a day of fasting for many Israelis, Tisha B’Av, to remember the victims of World War 2.  Does that stop Romney? Nope, his people said they’ll work around it: “Don’t worry, they’re not going to not have a fundraiser. They’ll find a way around it maybe by having a breaking of the fast meal combined with a Romney fundraiser.”-Jonny Daniels, Republican political strategist based in Israel (isn’t that interesting, the U.S. Republican party has strategists based in Israel)

 

 

 

 

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

What Economic Recovery? GE outsources innovation, spends millions building new China Innovation Center!

“These facilities…will play an instrumental role in building out much needed local innovation capabilities in the critical industries that are key to the region’s long term growth.”-Mark Hutchinson, president and CEO of GE Greater China

On 18 July 2012, unAmerican Corporate America giant, General Electric (GE), announced they’ve opened the China Innovation Center.

This as the Obama administration has been calling for more spending on innovation, but I thought he meant in the United States!  Here’s what he said: “We now live in a world where technology has made it possible for companies to take their business anywhere. If we want them to start here and stay here and hire here, we have to be able to out build and out educate and out innovate every other country on Earth.”-Barack Obama, September 2011

How can you “out innovate every other country on Earth”, when your own corporations are outsourcing the innovation?

The GE China Innovation Center in Xi’an cost $60 million USD to build.  I wounder if GE somehow got any U.S. taxpayer money, or some kind’o U.S. tax break, for their China project?

U.S.

United Police States of America: California female cop shoots man already restrained!

“They had him in cuffs, and they shot him. Twice!”-Witness

On 18 July 2012, San Francisco police shot a man in front of the Federal Reserve Bank of San Francisco.  At least half a dozen witnesses say the victim was already restrained.

Two videos have been uploaded to YouTube.  In one video a witness says the cop who did the shooting was a woman.  In both videos witness after witness says the victim was already handcuffed when the female cop shoots him directly in the chest!

Police claim the man was armed with a knife and had attacked people earlier in the day.  They also claim the man attacked the female cop.

The problem is that most witnesses say they saw the man in cuffs first, then heard gun shots after they passed by the scene.

The man who posted the video asked police point blank why they did it, and got no response.  At one point he says “You shot a man dead, in cuffs, and you’re smiling?”

Interestingly, the police make no attempt to stop the camera man’s verbal assaults against them, he even called them NAZI pigs, which I was sure would result in him getting a beating from police.

According to media reports out of San Francisco, police say the incident happened at the intersection of Washington and Drumm streets. However, the San Francisco Fire Department reported the incident has taking place at Pier 17.

Police say the man stabbed a fellow employee, at the TCHO Chocolate Factory on the Embarcadero, for unknown reasons.  At last update the man was in critical condition.

International, U.S.

World War 3: Breaking news, Hezbollah Secretary General says Iran & Lebanon ready for war with U.S.! Iran offers Lebanon’s National Army latest weapons! Orders religious tolerance in Lebanon!

“We are ready to sacrifice our lives for our country!”-Hasan Nasrallah

18 July 2012, Hasan Nasrallah says the United States and Europe have given up on using sanctions, and it is clear the U.S./Israeli supported civil war in Syria is failing, so total war by the West is inevitable.

Says Lebanon will not fall into another civil war instigated by the West, such as what happened in Libya, and what the West is trying to do in Syria.  Says Lebanon is united, Hezbollah has made alliances with other political groups within Lebanon.

Nasrallah calling on Palestinians, and other Arab peoples, to come together and prepare for final war.  Warning Arabs to not allow western supported regimes to regain power, if that happens the Palestinian people “…will be lost forever!”

He also announced that Iran is ready to offer lines of credit to the Lebanese Army.

Announced policy of religious tolerance in Lebanon.  Shi’a Muslims of Lebanon ordered to respect other religions!

Says Muslims have been divided for decades because of Western propaganda, calling for all Muslims, regardless of ethnicity, to unite.

Hezbollah accepts responsibility for all repercussions against Lebanon, for any actions blamed on Hezbollah, whether those accusations are real or made up by the United States or Israel!

Business/Economics, International, U.S.

What Economic Recovery? IMF declares European economy in “Critical” condition, calls for Trilateral Commission style single banking system!

“Despite major policy actions, financial markets in parts of the region remain under acute stress, raising questions about the viability of the monetary union itself.”-IMF statement

18 July 2012, the International Monetary Fund has declared the European Union (EU) economy as “critical”.

The IMF is also pushing for the creation of a single banking union for the EU.  Germany is so far opposed to such an idea.

IMF officials say one of the reasons for the critical economic situation in the EU, is that people are pulling their money out of banks.  Example: Some wealthy Greeks pulled their money out of Greek banks and put it into banks of other European countries that were more financially sound.  By creating a single EU banking system it would prevent that.

Despite being “critical” the economy of the EU is still bigger than that of the United States, and directly affects U.S. business, which is why so many U.S. investors are glued to news from Europe.

Business/Economics, International, U.S.

World War 3: Russia about to pay off debts to Iran, announces financing deal to help Iran avoid U.S. & EU sanctions!

“The problem of the Iranian LCs [Letters of Credit] created by the U.S. and western states’ sanctions against the banking system (of Iran) can be solved by using the banks operating in the Russian regions.”-Alexander Vitalivic, Russian Head of the Iran-Russia Regional Cooperation Workgroup

17 July 2012, Russian officials announced, at the Iran-Russia Regional Cooperation Workgroup meeting, that Russia is willing and able to help Iran avoid any bad economic effects from U.S. and European Union sanctions!

“The presence of small and medium size banks and financial institutions of the (Russian) regions (on the scene of transactions with Iran) will be useful for motivating an increase in exchanges and preventing decrease in exports.”-Alexander Vitalivic

Also, Russian Head of Iran-Russia Joint Trade Council, Yuri Papoyev, announced that Central Bank of Russia (CBR) is ready to make due payments to Iranian parties: “After meetings with the Russian Central Bank officials, they agreed to make due payments and open LCs [Letters of Credit] for Iran in the least time possible.”