Wednesday, May 27, 2009

The Perfect Storm...

...for the influentually wealthy


What we have is a perfect storm for big business and banks to get a stranglehold on our economy and wealth. Except that as a former corporate banker (1st Chicago-Bank1-Chase) we could see this storm brewing for at least the past decade.


It's real simple.

Unemployment will drive down wages. Big business and banks have little risk with the government pumping bailout money into the banks. With everyone unemployed only big business will be able to use that money for loans. Also, with The Federal Reserve creating currency at the whim of the extremely influental wealthy so the government can pump more into the banks, they are creating inflation, so even though there is unemployment, prices will not go down. What with most everyithing we purchase distributed by big business, there will be no reason to drop prices.

NPR reports current college grads are looking ath $28.000/year jobs. I remember a discussion with several of my banker friends (from when I worked in a corporate bank) wondering how people could live on wages less than $38.000/year. That was over eight years ago and the CPI (Consumer Price Index) has been increasing by and averate of 3.5% per year. However, wages have been on a steady decline

If you don't think as I do, that this is orchestrated by a small perecentage of like-minded and very influential people and that this has happened completely due to circumstances, then you have a Perfect Storm of Circumstances


Yah, right

Time to get aware and then contact your Legislator and tell them to vote yes on H.R. 833 (Abolish the Board of Directors for The Fed) and H.R. 1207 to Audit and End The Fed.


I am not the only one to see this

This is not just the ramblings of a pissed-off pudgy middle aged guy Alternetjust posted a similar story today

Friday, May 15, 2009

Why Do We Take This Crap!

Last night I heard the CEO of GM, Fritz Henderson say that they “need to balance the balance sheets”, so 3,000 people are going to loose their jobs.

What did we give GM money for?

In this economy loosing one's job means, loosing one’s home, cars, perhaps the splitting up of families as they are dispersed to whomever can care for them; or for some it will be homelessness, or even death. And we sit here and say, “Oh, okay. That’s the way it is.” and go on Twiittering and Facebooking about buying pastries or deciding whether to go out or Tivo tonight.”

“Balancing the sheets” is corpo-speak for paying off the investors.

We have come to the point where money counts for more than the quality of human life, or even life itself. We accept that because the investor gave money that they are more deserving than those who have given commitment and time.

Bunk! Your job is not a risk venture.

But that is what GM has done! Turned jobs into a risk venture by making workers suffer a higher risk than the investors. Let the investors take the hit, not the workers. They knew and even considered the risks when they gave up money in hopes of making a more money without effort. A promise of return based on a façade of credit derived from an economy of aggregate (non-existent) currency and fractional loaning. Have you ever considered taking a job to be a risk venture? No! You trade your time and skills in return for money. The investors are the ones who took knowing took on a venture involving risk, managed on a shaky paradigm of greed pandering to a false consumer ideology. And they did it smugly knowing that people they would never meet or face might have to pay the price of abject hardship because they took too much risk.

And why should we just sit back and say this is the way it is.

In case you have been living in a cave for the last nine months, we have bailed out those investors; not only with our current tax dollars, but with our future economy.

So, it’s in our right to stand up and say

, “No don’t let GM off the hook. Let the risk-venture capitalists suffer the risk they paid lip service to. It’s our money and it’s our future. Let those who put in an honest day’s work off the hook. Let those who take risks, bear the costs of their risks.” Contact your representative and the President and tell him you are informed and will not stand this.

Are we a nation of cash flow or people?



What is more important to you?

Money or the quality of life for 3,000 people.? Think about it and answer as if you had to sit with one of those 3,000 people and their families and tell them this is the way it is. Don’t answer lightly just because you are spared that confrontation, as, apparently Fritz Henderson is spared.

You can go back to Twittering now.