Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Saturday, June 8

David Harvey discussion animated by RSA


Published on 28 Jun 2010

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"In this RSA Animate, celebrated academic David Harvey looks beyond capitalism towards a new social order. Can we find a more responsible, just, and humane economic system? The RSA is a 258 year-old charity devoted to creating social progress and spreading world-changing ideas. For more information about our research, RSA Animates, free events programme and 27,000 strong fellowship."Produced and edited by Abi Stephenson, RSA.
Animation by Cognitive Media. Andrew Park, the mastermind behind the Animate series and everyone's favourite hairy hand, discusses their appeal and success in his blog post, 'Talk to the hand': http://www.thersa.org/talk-to-the-hand/

This is the David Harvey entire interview:






Friday, November 10

Stealing Africa: The Glencore scandal


I'm watching this video and I felt like sharing. I came across with the Glencore multinational that steals copper from Zambia. 
The numbers are striking. The company buys the copper in Zambia for a symbolic price in relation to the profit they make. From The Guardian:


Glencore denies allegations over copper mine tax
Jamie Doward
First published on Sunday 17 April 2011 00.07 BST
A UK subsidiary of the world's largest commodities broker helped one of its African mining operations avoid paying tens of millions of pounds in tax, according to charities who have analysed a leaked review of its accounts.

The findings of a draft report into internal controls at Zambia's Mopani Copper Mines plc have been categorically rejected by its owner, Glencore, the giant fuel, metals and cereals trader based in the Swiss tax haven of Zug. The report, seen by the Observer, was carried out in 2009 by a Norwegian subsidiary of Grant Thornton, one of the world's largest accountancy firms, at the request of the previous Zambian government.

Its authors alleged the mine's owners "resisted the pilot audit at every stage", a claim denied by a spokesman for Glencore, which owns a 73% stake in Mopani through a company based in the British Virgin Islands, another tax haven.

The report claimed there had been an "unexplainable" increase in Mopani's costs between 2006 and 2008 that allowed it to minimise its stated profits and lower its tax bill. "We suggest the ZRA [Zambian Revenue Authority] does a new tax assessment based on the results of the audit," the report claims.

Glencore, which is preparing a £37bn listing on the London stock market, the capital's biggest ever flotation, said the auditors had failed to factor in rising fuel and labour costs over the period. The audit also suggested Mopani sold copper at artificially low prices to Glencore in Switzerland under a deal struck with the firm's UK subsidiary in 2000. The metal was then sold on, allowing Glencore to take advantage of Switzerland's ultra-low tax regime.


There are claims that the transactions breach international rules ensuring there has to be an arm's-length principle when it comes to sales between related parties. Glencore said all transactions were conducted at an arm's-length basis and at internationally agreed prices.

When asked by the Observer for a response to Glencore's criticisms of the draft report, Grant Thornton International declined on the grounds of client confidentiality.

But charities said the report suggested Glencore had questions to answer. "Based on the Grant Thornton analysis, we estimate that the company's practices potentially cost the Zambian government up to £76m a year in lost corporation tax," said Anna Thomas, head of tax policy at ActionAid. She pointed out the amount was significantly more than the £59m the UK government gives Zambia each year in aid.

The claims have surfaced as Glencore prepares for a listing that will make multimillionaires of the firm's 485 partners. City analysts were astonished to learn the extent to which the company dominates the commodity markets in documents published ahead of the listing. Glencore revealed it controlled 60% of the traded zinc market and 50% of copper. Development charities have contrasted the impending wealth of the company's management with the poverty of Zambians, around two thirds of whom live below the recognised poverty line, according to the United Nations.

The leaking of the report is potentially embarrassing for European governments. Mopani received a €48m development loan from the European Investment Bank (EIB) to help bring prosperity to Zambia. But the report states: "The pilot audit has shown there is a high need for a determined effort at collecting the taxes that are assessed under the laws implemented by the Zambian government." The EIB has informed OLAF (the European anti-fraud office) of the report's allegations and launched an investigation.

Emmanuel Mutati, CEO of Mopani, has described the audit as "flawed and incomplete" saying it did not include a series of third-party transactions that would affect its accounts. "We have also been audited by independent auditors annually," Mutati said. "Every year the independent auditors' report has given Mopani a clean bill of health."

The UK government recently called for new measures to ensure that the poorest people in Africa benefited from mining.

Glencore was founded by Marc Rich, the controversial oil trader who was accused of tax evasion by American authorities but was pardoned by President Clinton on his last day in office. The company, which last year had a turnover of $145bn, is no longer connected to Rich.


The Zambian government has declined to investigate Mopani's tax affairs despite calls from development charities. "We are disappointed with the government's lukewarm reaction," said Savior Mwambwa, executive director of the Centre for Trade Policy and Development, Zambia. "They need to take action and change the whole taxation system."


Watch the video. Make sure you have already eaten for your stomach will be upset if you don't.




Zambian copper miners and their family members got sick
because of the contamination in the copper plant and in the water and environment.
Privatizing, the source or many evils.

Tuesday, December 16

Whirlpool company: behind "EveryDayCare"'s demagogie


















I have already written about a problem I'm having after paying for a washing machine in Brazilian's Whirlpool online shop. No, they didn't give my money back and it seems that it will take a lot of time.

I visied the company's Facebook page and among numerous pictures of children - appealing to children is a sign of how demagogic this company is - I found American costumers asking for help because in US for the costumer service over the phone doesn't work or their complaints are not answered,

I have already searched in other site and there are numerous Americans asking for their rights.
I wonder how is it possible that 2011 Whirlpool Latin American Report portrays how the company should work instead of how it really does.

Reading on page 18 Mr Oswaldo Borelli story brings tears to my eyes as you can check in the image below.
Unfortunately the company forgot the lesson they claim they have learned.



Friday, December 12

Whirlpool company exporting it's greed to the world





The company Whirlpool is in many countries making costumers pay for products of bad quality and imposing the greedy way of commerce during the whole process of acquiring an appliance.

In Brazil the site Compra Certa is the one Whirlpool made partnership.
I did a purchase in the site and I'm facing a lot of problems that I have never had before.

I wonder when will they give my money back.




Happy Xmas Mr Enrico Zito!
Update:

"This only touches a small edge of the corruption. Whirlpool also receives Subsidies and Millions a year to hire Military Veteran's and that only encompasses 1 % of their workforce. But the receive millions each year for hiring less than 500 people, so the government is still paying these salaries for Whirlpool and they still make out with a profit. There are no veteran's in the management sector of Whirlpool. Whirlpool advertises and receives grants from the Department of Labor and Veteran's Administration to hire Veteran's, but they fudge the books, but keeping a majority on a Temporary Employment Basis"
(a comment from YouTube)

Whirlpool still didn't give my money back.


Saturday, November 29

Black Friday in Brazil: once again fraud




This is the fourth year that Brazil had it's version of Black Friday and the same thing happened: no discounts.
Forbe's magazine has already written about the Brazilian way of selling on the event.

What is new this year is that the social networks had numerous jokes about the date.

It is becoming known as Black Fraud and people are quite aware that the discounts are not for real.

The right picture is about one of the strategies of phony discounts: they claim the real prize is the double and by cutting it in half on Black Friday the good is sold without discount.

It was said that practices like this one would not happen again but we know how companies are: no ethics whatsoever and poor regulation.

When stores promises discounts upwards of 70% something wrong is being done.

Movie of the day: Black Friday, 1940.


Sunday, March 23

Ukraine: Russia is making the difference that might save the world from war by Umberto Pascali

As always I publish an article published at Globalresearch. Michel Chossudovsky has been doing a great work uniting experts that know what is really happening behind the lies the mainstream media tells.
This is another of the numerous great articles at the site. I have signed their newsletter and I receive daily a great analysis.

The Ukraine Crisis and Vladimir Putin: A New Financial System Free from Wall Street and the City of London?
By Umberto Pascali
Global Research, March 22, 2014

Approximate Transcript  of Interview

The Ukrainian crisis? It is basically the opposite of what the media and politicians keep repeating both in the US and Europe. They say that the so-called International community have isolated Russia and Vladimir Putin.

In fact it is the real sponsors of the coup d’état and the violence in Ukraine who are isolated not only morally but also strategically.

And it is Putin, the first leader who resisted and defeated the strategy of world domination, who is enjoying the enthusiastic support of his people and the growing admiration of the world. The well financed media and politicians do not want to hear this, but this is the reality. Without exaggeration, one can compare this resistance to that against Napoleon and Hitler…

Only few know precisely how dangerous the situation has been. How close to a real war.

The incompetent representatives of the ‘international community’ lost any sense of reality and deployed the weapons of social destabilization, armed insurrection, assassination by snipers, a fascist March on Kiev reminiscent of Mussolini’s March on Rome, targeting of the Russian population. (emphasis added)

They intended to give Russia the Libya treatment, and they did not make a secret of it. (emphasis added)

After the assurances given by George H W Bush to Mikhail Gorbachev that NATO couldn’t be used for a push toward East, successive US governments did exactly that. Their objective is to surround Russia. With the smiling hypocrisy of hyenas, they made clear that there was no alternative but to surrender to the military power and propaganda capabilities of NATO. (emphasis added)

No compromise, no negotiations. Or better when negotiations took place like on Feb 21, the neo-Nazi gangs in Kiev were incited to escalate the armed violence and take over the Parliament and Government buildings, beating and intimidating whoever did not agree. (emphasis added)

The Western “diplomats” immediately recognized the neo-Nazi coup d’état as the legitimate government. Yatsenyuk, the candidate of Victoria Nuland, declared himself Prime Minister while members of the parliament were brutally beaten in the street, their houses invaded and violated, their families terrorized… to ensure their support for the democratic process… (emphasis added)

These criminal politicians even pushed the situation close to a real nuclear war. Putin made clear that Russia — which had lost a large percentage of its population in the war against Nazism and accepted to see Moscow in flames in order to defeat the superior forces of Napoleon — was not going to surrender. That moment was more dangerous than the 1962 Cuban missile crisis. Putin called their bluff…  Then, while the Crimean (and not only Crimean) population asked for protection against the NATO -supported armed gangs, the propaganda machine went into full speed in the West, but it was too late. In this sense Putin not only saved Russia, but gave a chance to the whole of Europe… like in WWII
 (emphasis added)

The fascist armed insurrection and the Kiev coup were not simply a war against Russia, they were also a war against Europe. Not the EU bureaucracy in Brussels, whose loyalty lies with the big financial institutions, but the Europe of the various countries reduced to misery and despair by austerity measures and the economic looting of Wall Street and the city of London. (emphasis added)

Ukraine has been destabilized in order to make sure that Europe would be in a perennial war with Russia. (emphasis added)

In fact, both, the interests of Europe and that of Russia, lie in a common economic plan for the development of the whole area. This is what was proposed by Putin and by several leaders such as former German chancellors Helmut Kohl and Gerhard Schroeder. This is exactly what had to be prevented with the Victoria Nuland $5 billion ‘to help democracy.’ And now, despite all the noises and rhetoric, this is the most obvious direction to go.

The most important point to understand is that this war and looting policy is not in the interest of the Europeans or even of the Americans. (emphasis added)

This is the big secret that now cannot be covered anymore. The governments of the US and the European countries are NOT independent entities, they are not sovereign. They do not have the will or even the ability to act on behalf of their people. They are controlled by powerful banking interests. They have been taken over by two financial centers that do not care for the real economy. They pursue only speculation and looting. (emphasis added)

In response on March 4th the economic adviser to Putin, Sergey Glazyev declared openly that if the financial vultures persisted, Russia would create on the spot an independent financial system which is separate from that of the US Dollar. (emphasis added)

Glazyev explained to the vampires:

‘We have wonderful economic and trade relations with our Southern and Eastern partners. We will find a way not just to eliminate our dependence on the US but also profit from these sanctions….If sanctions are applied against Russia’s state structures we will have to move into other currencies and create our own settlement system. We will be forced to recognize the impossibility of repayment of the loans that the US banks gave to Russian state structures. Indeed, sanctions are a double-edged weapon, and if the US chooses to freeze our assets, then our equities and liabilities in dollars will also be frozen…’ (emphasis added)

This strategy is known as the Financial Nuclear Option. It could lead to the end of the predatory looting system of Wall Street. (emphasis added)

The ‘Southern and Eastern partners’ Glazyev is talking about are clearly the members of the BRICS, Brazil, Russia, India, China, South Africa, the sane part of the world economy, the future.

And it is  exactly  what the official spokesman of the Kremlin, Dmitry Peskov indicated in an interview to the BBC:

“Sanctions against Russia could be the final trigger that will force many countries to create a new independent financial system based on the real economy. The world is changing rapidly. How many civilizations grew and died in the course of history? Who will be able to resist the pressure of dying systems and indicate to the people the road toward the future?” (emphasis added)

 The possibility of a new financial system independent from the collapsing dollar empire, as consequence of anti Russia sanctions was also emphasized by an authoritative the Russian media including  RT. (See:http://rt.com/op-edge/russia-switches-to-brics-sanctions-357/)

…Western sanctions might push Russia to deepen cooperation with BRICS states, in particular, to strengthen its ties with China, which will possibly turn out to be a big catastrophe for the US and the EU some time later.

On March 18, the spokesperson for the Kremlin, Dmitry Peskov, stated that Russia would switch to new partners in case of economic sanctions being imposed by the European Union and the United States. He highlighted that the modern world isn’t unipolar and Russia has strong ties with other states as well, though Russia wants to remain in good relations with its Western partners, especially with the EU due to the volume of trade and joint projects. (emphasis added)

Those “new partners” are not really new since Russia has been closely interconnected with them for almost 13 years. This is all about the so-called BRICS organization, consisting of Brazil, Russia, India, China and South Africa. BRICS represents 42 percent of the world’s population and about a quarter of the world’s economy, which means that this bloc of states is an important global actor. (emphasis added)

The BRICS countries are like-minded in regard to supporting the principles of international law, the central role of the UN Security Council and the principles of the non-use of force in international relations; this is why they are so actively performing in the sphere of settling regional conflicts. However, the cooperation between Brazil, Russia, India, China and South Africa goes beyond political aspects and is also demonstrated by dynamic trade and multiple projects in different areas. (emphasis added)

Today, in total, there are more than 20 formats of cooperation within the BRICS which are being developing. For example, in February the member-states came to an agreement about 11 possible projects of scientific and technical cooperation, from aeronautics to bio- and nanotechnology. (emphasis added)

In order to modernize the global economic system, at the center of which stand the US and the EU, the leaders of Brazil, Russia, India, China and South Africa have created the BRICS Stock Alliance and are creating their own development bank to finance large infrastructure projects. On the whole, despite fierce criticism of BRICS as an organization with no future, it is developing and increasing cooperation with its members and, in fact, BRICS is showing pretty good results. (emphasis added)

With the suspension of Russia’s participation in G8 and the strengthening of economic sanctions against Russia, specific industries may be targeted, including limits on imported commodities.

While the West seeks to hit Russia hard, it is important to notice that Russia is ready to switch to other markets, including BRICS, with a view to expanding its trade.

President Dilma Rousseff, India's Prime Minister Manmohan Singh, Russia's President Vladimir Putin, China's President Xi Jinping and South African President Jacob Zuma pose for a photo after the BRICS leader's meeting at the G20 summit on September 5, 2013 in Saint Petersburg.(AFP Photo / Sergei Karpukhin)


Monday, March 17

New York Federal Reserve confiscates Ukraine gold

A Russian Internet news site Iskra (“Spark”) based in Zaporozhye, eastern Ukraine,  reported on March 7, that  “Ukraine’s gold reserves had been hastily airlifted to the United States from Borispol Airport east of Kiev”.

This alleged airlift and confiscation of Ukraine’s gold reserves by the New York Federal Reserve has not been confirmed by the Western media. (emphasis added)

On March 10, kingworldnews, a prominent online financial blog site published an incisive interview with William Kaye, a Hong Kong based hedge fund manager at Pacific Group Ltd. who had previously worked for Goldman Sachs in mergers and acquisitions.

Of significance in this interview with William Kaye is the analogy between Ukraine, Iraq and Libya. Lest we forget, both Iraq and Libya had their gold reserves confiscated by the US. According to Kaye,the destination was the New York Fed. (emphasis added)

Via Globalresearch.

From KWN
:
“Now that’s 33 tons of gold which is worth somewhere between $1.5 billion - $2 billion.  That would amount to a very nice down payment to the $5 billion that Assistant Secretary of State Victoria Nuland boasted that the United States has already spent in their efforts to destabilize Ukraine, and put in place their own unelected  government.”

Eric King:  “Whether the United States is taking down Saddam Hussein in Iraq, or Muammar Gaddafi in Libya, there always seems to be gold at the end of the rainbow, which the U.S. then appropriates.”  (emphasis added)

Kaye:  “That’s a good point, Eric.  The United States installed a former banker in Ukraine who is very friendly to the West.  He is also a guy with central bank experience.  This would have been his first major decision to transport that gold out of Ukraine to the United States.

You may recall that allegedly the logistical requirements prevented the New York Fed from returning the 300 tons of gold the United States stores for Germany back to Germany.  After a year of waiting, the New York Fed only sent Germany 5 tons of gold.  So only 5 tons of gold was sent from the Fed to Germany, and it wasn’t even the 5 tons that had been originally stored with the Fed.


Friday, November 2

Economic Austerity for the people vs money laundering to the rich



I just read this article by Julie Lévesque and felt like sharing because it answer some very important questions.
Where is the money? Read it.


Money Laundering and Offshore Fraud for the Rich, Economic Austerity for the Poor

By Julie Lévesque
Global Research, November 02, 2012
Excerpts:



"Offshore banking is the elephant in the global economic room which the political and financial elite is trying to hide from the public view. While imposing austerity measures on hard working citizens, they are well aware that astronomical amounts of money are secretly held in offshore banks, thus lost in taxes. Where is that money from? What is it for?

Drug cartels, fraud, tax evasion and money laundering are common answers to those questions. Despite this reality and even in this era of fiscal austerity, the question world leaders avoid is: why is secret banking still allowed? Are they capable of putting a term to it but unwilling to do it because of the benefits it provides? Clearly.

Every once in a while a robber baron will serve as a scapegoat to give a pale illusion of justice to the common man. Although they deserve to be penalized, the corrupt banking system which allowed them to operate remains inviolate and its flaws are never questioned. Offshore banking is not a parallel banking structure. It is at the heart of the banking system. All major banks have offshore subsidiaries."
(keep reading)

conclusion:
"F. William Engdahl warns that the same kind of “austerity measures paved the way to the III Reich” and insists that the banks are “the source of the problem”:
The EU governments have shied away from any resolute action on the banks involved in the dodgy lending in the first place during the financial bubble years. Those banks remain the source of the problem. There is no lending going on to the real economy, and that`s the root cause of the 25 per cent unemployment in Spain and Greece and elsewhere across the EU. Until that problem with the banks is addressed, we’re not going to see economic recovery. To treat it only as a sovereign debt crisis is grabbing the tale of the elephant and calling it a snake. (F. William Engdahl, Germany Enforces Same Austerity that Paved Way to 3rd Reich, October 30, 2012.)
With the recent images of the brutal Spanish police state in mind we have to wonder if following the corrupt banking industry diktats is a very ruinous ride on the highway to totalitarianism."


Saturday, September 29

The Story of the Wealth of Nations by Leo Huberman




As I'm having back problems and cannot spend to much time at the computer I'm rereading Leo Huberman's Man's Worldly Goods a book I did read when I was nineteen.

This time with critical eyes and also feeling distressed that economy is still the center of  humans existence.





Wednesday, April 4

Pensioner commits suicide at Greek Parliament refusing to "search for food in the garbage"

 
I'm shocked and suicide is not a taboo issue for me and I'm planning a post about it but this is new for me and I don't know what to think.
Hi name is Dimitris Christoulas, a 77-year-old retired Greek pharmacist and he left this suicide note:


"The Tsolakoglou* occupation government literally deprived me of any chance of survival that relied on a decent pension, which I alone had to pay for (without any government aid) over the course of 35 years.

Since my age prevents me from substantially resisting this fate on my own (that said I would not rule out the possibility of following the example of any Greek that took up a kalashnikov), I see no other option to a dignified end, before having to resort to scavenging through the garbage for my food.

I believe that the youth with no future will one day take up arms and hang the national traitors upside down at Syntagma square, as the Italians did in 1945 with Mussolini (Piazzale Loreto of Milan)"

[*Georgios Tsolakoglou was a Greek military officer who became the first Prime Minister of the Greek collaborationist government during the Axis Occupation in 1941-1942.]

Above the suicide note.

This is all I have for the moment.


Thursday, November 24

Dirty Fucking Hippies were Right! transcription and song

This video appeared and nobody knows who did the rant, the edition, the melody... nothing. Still it tells some truth. Worthy listening since...
"Peace is never discussed. Peace has somehow become a pejorative..." The Big Pharma and their fake concern wit health selling medicines that kill...
Update:
I just found the transcription at Daily Kos:
But something puzzles me. How can a revolution forgets to manifest culturally? Is it possible to revolutionize talking about economy, politics and ranting but without creating not even a tiny symbol that communicates what is the desire of people?
This song(?) is the result of the lack of a anti-establishment culture in US and in the whole world.
A song that raises the issues enumerating them but incapable of reaching hearts and minds and with no cultural print.
Appealing to the hippies was the way out but I doubt that people is willing not to wash their hair or behave the old hippie way and it is sad that this soapbox song refers to them the way they are called by those who hate their message.
Again it seems that creativity is way out of reach and without it, without art, literature, music, and all the "humanities" a crucial part of human beings vanishes.
When the imagination is not exercised, exited, and capable of creating, analyzing, and criticizing it is easier to control the thoughts and desires of the population, not people because they don't see people, they see numbers.
Fighting for education that is not financed and dictate by the corporations is also part of this revolution.
The alleged counter-establishment group "Anonymous" took a mask from a movie.
Have you noticed that in this movie, "V de Vendetta", there are books, paintings, sculptures, a whole iconography of the weapons that revolutionaries use to express their ideas?
"Bullets don't kill an ideal."
Take a good look at the black and white photography above and tell us what you see.
________________________________
The Dirty Fucking Hippies were Right!
"Flag planting on Iwo Jima. Tug-of-war with dollar sign. Headline: U.S. economy worsens. Chart heading sharply down “Class Is Now in Recession”.
“There’s a black granite wall in Washington DC that bears 58,260 names on it. All of those whose names that are carved on that wall are dead. For what? Freedom?.
“If this country had listened when kids were screaming to stop that slaughter, that wall would have been one hell of a lot shorter.
“Yet we as a nation still wage wars of choice. Wars encouraged by plutocrats who never have to fight them.
“Peace is never discussed. Peace has somehow become a perjorative.
“Peace is no perjorative. Peace is essential to the survival of the human race. And those who advocate for war are a dangerous and fearful group who should be marginalized and disavowed.
“War is always the last choice. The dirty fucking hippies … were right.
“Now the oceans have been rising. The polar ice is melting at alarming rates. The climate is changing in irreversible ways. Our survival as a species on this planet is on a precipice.
“The science on this is clear. Humans are now in trouble. Because of our reckless stewardship of what we dominated, we have polluted this fragile jewel that hangs in space – our only home.
“We’ve elected sociopath after sociopath for the last 30 years, to every level of government. – many of them slaves to corporate parasites that gorge themselves at the public trough, while the most vulnerable people in our society – the sick, the young, and the elderly – go wanting.
“The food we buy is contaminated. The toys we give our children as presents for Christmas are tainted with poisons. The water we drink is rife with carcinogens. The fish in our seas, lakes and rivers are so full of mercury that it’s only recommended that we eat them once per week.
“We have now come face to face with our own extinction.
“I hate to say ‘I told you so,’ but the dirty fucking hippies … were right.
“Billions of dollars of profits are being snitched up at the expense and suffering of our neighbors by the jackals that comprise our pharmaceutical companies and insurance companies. Both of which pipe their diagnostic wisdom and their fake concern right into our homes via TV and radio commercials.
“These legal drug dealers now sell their wares with impunity. And the insurance gamblers perform a slick game of three-card monte right in our living rooms.
“Most of these drugs have a list of caveats that would make even the most dishonest used car salesman blush. And the insurance hustlers change the rules of the game just when it’s time to pay up – profiting from the suffering and pain and others, profiting from human frailty.
“Universal healthcare? ‘It’s too expensive,’ we’re told. Gasbags talking heads on TV and radio have been complicit in this deception, while being handsomely compensated for their assistance.
“I’ll say it again: the dirty fucking hippies … were right.
“Big box discount stores descend upon small towns in America like alien ships, filled with cheap products bought at low prices from countries that pay their workers slave wages. Plutocrats love this business model!
“Mom and Pop shops can’t compete with prices set by these huge corporate parasites and, to no one’s surprise, many small businesses in these tiny hamlets fail, leaving small towns filled with empty storefronts and even, in some cases, forcing these same small business operators to go to work for the very people that ruined their livelihoods.
“Small-town America is subsequently decimated by this invasion. Often helpless in stopping it.
“Wall Street has cannibalized itself. Still hungry, feeling the pangs of their greed, they’ve now come to the government for their daily meal. And still, without a hint of irony, a spokesman for this ravenous tribe mounts his soapbox and has the temerity to rail against the ‘evils of Socialism’.
“Turns out the Socialism is for them. The Capitalism is for us.
“Abbie Hoffman once baited these banksters by throwing cash onto the floor of the New York Stock Exchange. To no one’s astonishment, they demonstrated their insatiable greed. The gluttons couldn’t help themselves – they stopped trading, got on their knees, and swept up the free loot.
“Wall Street should have been reined in long ago.
“I’ll say it again: The dirty fucking hippies … were right!”

Friday, September 30

World collapse explained in 3 minutes



You will understand all about European's economy during the crisis and laugh.