Monday, January 16, 2012

Sunday, April 10, 2011

Iceland Shows America How Capitalism Works

Iceland Again Rejects Debt Deal - NYTimes.com
Iceland faces more economic uncertainty and a drawn-out European court case after its voters rejected for a second time a plan to repay $5 billion to Britain and the Netherlands from a bank crash.

Anti-US sentiment is 'rife' in Afghanistan and Pakistan

BBC News - Anti-US sentiment is 'rife' in Afghanistan and Pakistan
The deaths of 25 Afghans after nearly a week of anti-American rioting in a dozen cities across the country - coupled with a steady stream of anti-American demonstrations across Pakistan over several issues - signal new challenges for the US-led Western alliance as it tries to stabilise the region and pull its forces out of Afghanistan.

Is this really making us "safer?"

Saturday, March 26, 2011

US Finances Rank Near Worst in the World: Study

US Finances Rank Near Worst in the World: Study - CNBC
In the Sovereign Fiscal Responsibility Index, the Comeback America Initiative ranked 34 countries according to their ability to meet their financial challenges, and the US finished 28th, said David Walker, head of the organization and former US comptroller general.

"We think it is important for the American people to understand where the United States is as compared to other countries with regard to fiscal responsibility and sustainability," Walker said in a CNBC interview. "Americans are used to rankings and they're used to ranking very high, but frankly in this area we rank very low."

General Electric Paid NO TAXES on $14.2 billion in Profits

G.E.’s Strategies Let It Avoid Taxes Altogether - NYTimes.com
"The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.

Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion."

Dems and Repubs, the system is corrupt.  Do you see this yet?  The complex tax laws benefit those that can hire lawyers and accountants to find loopholes in those laws (the ones their lobbyists inserted into the laws).  Can you see this?  Simple systems close loopholes and promote equality.  A flat tax.  Simple laws.  Why do you all seem to think overly complex bureaucracy is somehow a virtue?

Let's Compare Candidate Obama to President Obama, Shall We?

Flashback 2007: Sen. Joe Biden: I Would Immediately Initiate Impeachment Proceedings Against Bush If He Attacked Iran Without Congressional Approval



What about Libya now, Joe?

Joe Biden: War Without Congressional Authorization Should Warrant IMPEACHMENT

General Wesley Clark Saying Plans for Iraq War in Place 5 Days After 9-11

Thursday, March 24, 2011

One reason for the sky-high unemployment rates may be that 65 million Americans, or nearly 1 in 4 adults, have a criminal record

Help wanted — sixty-five million need not apply - Yahoo! News
"Sixty-five million Americans—or one in four adults—have a criminal record. But employers—including major companies like Bank of America, Omni Hotel, and Domino's Pizza—routinely post job ads on Craigslist that explicitly exclude such applicants, according to a new report conducted by the National Employment Law Center (NELP), a labor-affiliated advocacy group."

If you make enough laws, we're all criminals.  Non-violent drug offenses account for a huge number of these "criminals."  Isn't it obvious to everyone that the negatives of America's drug puritanism far outweigh the positives?  Come on people!

Friday, March 18, 2011

How American multinational corporations avoid paying billions in taxes

How Offshore Tax Havens Save Companies Billions : NPR
"The top corporate income tax level in the United States is 35 percent. In the United Kingdom, it's 28 percent. But in Ireland, it's only 12.5 percent, and in Bermuda there's no corporate income tax at all. That means multinational companies that shift their earnings through Ireland or Bermuda can save billions of dollars in taxes each year.

On today's Fresh Air, Bloomberg News reporter Jesse Drucker, who has written extensively about corporate tax-dodging, explains how companies like Google, Pfizer, Lilly, Oracle, Facebook and Microsoft have managed to reduce their tax rates by hundreds of millions — and in some cases, billions — of dollars by taking advantage of offshore tax havens.

In October, Drucker reported that Google had saved $3.1 billion in taxes in the past three years by shifting the majority of its foreign profits into accounts in Ireland, the Netherlands and Bermuda using financial techniques called "the Dutch Sandwich" and "the Double Irish" arrangement. Basically, he says, Google credited its Irish office with the majority of its non-U.S. sales revenue — and then shuttled that money through various subsidiaries located in Ireland and other countries to save billions in taxes."

This is important to read for a couple reasons.  First, realize that in an Internet world, relocating a corporate entity is a simple click of some mouse buttons.  Your talk about "saving jobs" and "stimulating the economy" is meaningless.  Those invisible barriers you call national boundaries don't trap capital inside.  Please get that through your thick skull.
Second, all you damn whining Republicans whining about how rich people and corporations pay an unfair share...please stop saying that.  It's bullshit.  Rich people and corporations pay lawyers and accountants to avoid the high tax rates you so often quote.  Here's yet another example.

Tuesday, March 15, 2011

Ken Burns' "Goldman Sachs: The Movie"

Marauding Gay Hordes Drag Thousands Of Helpless Citizens From Marriages After Obama Drops Defense Of Marriage Act

Marauding Gay Hordes Drag Thousands Of Helpless Citizens From Marriages After Obama Drops Defense Of Marriage Act | The Onion - America's Finest News Source
"WASHINGTON—Reports continue to pour in from around the nation today of helpless Americans being forcibly taken from their marital unions after President Obama dropped the Defense of Marriage Act earlier this week, leaving the institution completely vulnerable to roving bands of homosexuals. "It was just awful—they smashed through our living room window, one of them said 'I've had my eye on you, Roger,' and then they dragged my husband off kicking and screaming," said Cleveland-area homemaker Rita Ellington, one of the latest victims whose defenseless marriage was overrun by the hordes of battle-ready gays that had been clambering at the gates of matrimony since the DOMA went into effect in 1996. "Oh dear God, why did they remove the protection provided by this vital piece of legislation? My children! What will I tell my children?" A video communique was sent to the media late yesterday from what appears to be the as-yet unidentified leader of the gay marauders, who, adorned in terrifying warpaint, announced "Richard Dickson of Ames, Iowa. We're coming for you next. Put on something nice.""

Sunday, March 13, 2011

MUST READ: iPad price remark gets Fed's Dudley an earful


iPad price remark gets Fed's Dudley an earful - Yahoo! News
"Best not to cite the price of the new iPad as an example of why inflation isn't a problem when you head into a working-class neighborhood.

In Queens, New York, on Friday, New York Fed President William Dudley did just that. He got an earful.

After being bombarded with questions about food inflation, Dudley attempted to reassure his audience by putting rising commodity prices into a broader economic context -- but that only made matters worse.

"When was the last time, sir, that you went grocery shopping?" one audience member asked."

The reason to read this article carefully is because it shows two key things. One, it shows how out of touch the Fed is to everyday people's experiences. Two, it shows how their CPI, inflation, calculation has NOTHING to do with the price level of common household purchases. It is a highly manipulated and over-intellectualized calculation, used to manipulate greater macroeconomic policies.

Tuesday, March 8, 2011

Welfare State: Handouts Make Up One-Third of U.S. Wages


CNBC's Fast Money: Welfare State: Handouts Make Up One-Third of U.S. Wages - CNBC
"Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement."

So, you thought we were a free-market, capitalistic society, huh?

Ron Paul Interview On The Dylan Ratigan Show



How can people call this guy a nut? He is, by far, the most reasonable man in Washington. LIBERALS...please pay attention to the part where he says he would attack MILITARY SPENDING first. Notice that he says he wouldn't take away social spending all in one instant. He recognizes that it would have to be gradual, and people would have to get used to it.

Saturday, February 26, 2011

Nassim Taleb Ridicules Geithner Publicly And Accuses Krugman Of 'Stealing Assets From Your Grandchildren'

Ratigan: "We Spent Four Times More On Clinton's Blowjob Than We Did Investigating The Financial Crisis"

Monty Python- The Annoying Peasant



"Moistened bint" Lol!

Bernie Sanders On What Banking Should Be: "It's Clear Bernanke's Magic Money Printing Is Working, It's Just Unclear For Whom"

Visit msnbc.com for breaking news, world news, and news about the economy



Bernie asks the right question. For WHOM did the bailouts work?

Banks Boosts CEO Pay by 34% as Bailout Loans Go Unpaid

SunTrust Chief Executive Wells's Pay Rises 34% as Pension Valuation Climbs - Bloomberg
"SunTrust Banks Inc., the Georgia lender that has yet to repay $4.85 billion in taxpayer bailout funds, reported a 34 percent increase in Chief Executive Officer James Wells’s 2010 compensation."

Durnit!  If there were only someway we could get bad banks with evil management to go out of business so good banks would be the only ones surviving!  Hmmmm....I'll have to think about that....

Monsanto Shifts ALL Liability to Farmers in its Contracts


Monsanto Shifts ALL Liability to Farmers
"Monsanto's Technology Stewardship Agreement shifts responsibility to growers for any and all losses, injury or damages resulting from the use of Monsanto seeds. There is no expiration date on the contract. The grower may terminate the contract, but: "Grower's responsibilities and the other terms herein shall survive...""

Taxpayer-Owned Freddie Mac Loses $19.8 Billion In 2010

Taxpayer Owned Freddie Mac Loses $19.8 Billion In 2010 - Home - The Daily Bail
"The total bailout of Fannie and Freddie is likely to cost at least $260 billion (Robert Shiller says $1 trillion - CBO says $400b) by the time the government is done using them as landfills for the banks' fraudulently created assets. Of course, by the way that Tim Geithner does math, that amounts to a "profit" for taxpayers on the bank bailouts. Maybe he can explain how this works when he testifies before Congress next week."

Yeah, but it's SO worth it.  We definitely get $20 billion worth of utility out of Freddie Mac. (insert eye roll)

10 Health Insurance Companies Get ObamaCare Waivers -- for Their Own Employees

Activist Post: 10 Health Insurance Companies Get ObamaCare Waivers -- for Their Own Employees
"The Department of Health and Human Services (HHS) has granted waivers to 10 health insurance companies, including giants such as Cigna and Aetna and divisions of Blue Cross Blue Shield, from the requirements of the new health care law, also known as ObamaCare."

More cronyism and favoritism handed down by the king....

True Cost Of The Wall Street Bailout $12.8 Trillion - PBS VIDEO

The solution in Afghanistan: Get out

James P. McGovern and Walter B. Jones - The solution in Afghanistan: Get out - The Washington Post
"No one, it seems, wants to talk about the war in Afghanistan. This week the House debated a budget bill that is touted as reflecting new fiscal restraint, yet borrows tens of billions more for the war."

(James P. McGovern, a Democrat, represents Massachusetts's 3rd
Congressional District in the U.S. House. Walter B. Jones, a Republican,
represents North Carolina's 3rd Congressional District.)

Iceland refuses deal to repay UK Landsbanki deposits

Iceland refuses deal to repay UK Landsbanki deposits - Telegraph
"Iceland's president has refused to sign a $5bn (£3.1bn) deal to repay the UK and Netherlands for deposits lost when Landsbanki failed."

Iceland should tell the U.K. and Netherlands to go fuck themselves.  Do your due diligence on the bank before you deposit your money in it.  I'm not paying for your stupidity.

Iceland's Voters Get Final Say on Repaying British, Dutch Depositor Debt

Iceland's Voters Get Final Say on Repaying British, Dutch Depositor Debt - Bloomberg
"Iceland’s President Olafur R. Grimsson will give his country’s voters the final say on repaying about $5 billion in debts owed to the U.K. and the Netherlands to cover depositor claims."

Do you really still think the snap-bailout of the U.S. banking system was necessary?

Belgians celebrate 249 days without government


Belgians celebrate 249 days without government - World - CBC News
"Belgians are marking 249 days without a government Thursday — a figure that they are treating as a world record.

Day to day the crisis pits the leaders of six million Dutch-speaking Flemings against those of 4.5 million French speakers, but people from across the country are putting aside their differences to celebrate the occasion."

Holy shit! There must be ANARCHY without GOVERNMENT!!!! Oh, there isn't? Everything is just fine? Hmmmm.....

DEA to legalize marijuana chemical for Big Pharma but keep it a crime for everyone else

DEA to legalize marijuana chemical for Big Pharma but keep it a crime for everyone else
"Have no illusions about the true nature of the so-called "War on Drugs" and the actions of the DEA. The War on Drugs has always been about protecting the profits of the drug companies which have a long and well-documented history of copying street drugs, repackaging them as "medications" and selling them to children as FDA-approved drugs (see below)."

Banks just too big to fail? Iceland shows otherwise

Banks just too big to fail? Iceland shows otherwise - Economy - NZ Herald News
"Decision to let banks go under looks smarter by the day, in contrast to Ireland's costly bailout, reports Yalman Onaran."

Remember how all of you fell for, "the system will collapse"?  Are you SURE about that?

Houston Police Caught on Tape Beating People Condemn The Practice of Videotaping Police



Police are trying to make videotaping them illegal. I can see why.

CIA Chief Shoots Tow Pakistan Citizens

Raymond Davis 'was acting head of CIA in Pakistan' - Telegraph
"A US intelligence agent arrested after shooting dead two men was the acting head of the CIA in Pakistan and had been gathering intelligence for drone attacks, according to intelligence sources."

"A Banking Banana Republic": Wall Street's Record $130 Billion Bonus, FCIC Report - Michael Lewis & Dylan Ratigan

2007: Barack Obama promised to "walk on that picket line" if workers are denied the right to collectively bargain


"And understand this: If American workers are being denied their right to organize and collectively bargain when I’m in the White House, I will put on a comfortable pair of shoes myself, I’ll will walk on that picket line with you as President of the United States of America.
Because workers deserve to know that somebody is standing in their corner." - Senator Obama 2007

"If I Tell You To Do It, It's Not Illegal Anymore" General That Order Psy-Ops On U.S. Senators

Military Uses Psy-Ops Division on Visiting Senators in Afghanistan

Harry Reid on the Fed (1996): "We have to peel back this cloak that they've covered themselves with since 1913."

Harry Reid in 1995-1996 - I think we should audit the Federal Reserve!