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The United States government pays companies to build tanks and jets to provide security and to protect the nation from bad guys.  But if the government pays a corporation to build solar panels, high speed rail, or windmills to provide energy independence  (which is a better source of security) than it is called socialist government intervention or “Big Government”.   Why isn’t it called socialist government intervention for us to subsidize the building of war machines?

Socialism is when the state owns the tank building company.  Capitalism is when the tank building company is owned by the corporation.  Subsidizing is when the state pays the corporation to build the tanks.  We have been doing this subsidizing for years.  The Federal Reserve loves it and so do the folks who build the tanks and especially those who own the tank building company.

Everybody is happy until the state says it would rather subsidize high speed rail.  The tank builder doesn’t know how to build high speed trains and therefore shouts SOCIALISM.  Corporate backed media gets on TV news and separates us.  Before you know it Americans are telling other Americans to leave the country if they’d rather have trains then tanks.

Did you know Tanks are only useful for war?  Tank builders therefore need war.  Good tanks protect our soldiers.  So here we are gladly subsidizing tank building to protect our sons.

Why can’t we also subsidize weapons of peace that contribute to energy independence?  Things like high speed rail, and Renewables.  Things that keep the planet clean and alive, and we get to live out our 70 to 80 years in peace?  Unfortunately, some people just don’t get peace.  Maybe a nice long clean peaceful life is just too boring to be enduring.

Some folks work hard and are poor anyway, not indigent, but, damn close and if any kind of physical anomaly befalls them they quickly become indigent.   Some of these people are alcoholics or drug abusers and some are just unlucky.

A dumptruck driver with a swollen ankle, went to a local free clinic and was given a prescription to get an x-ray and have an orthopedic surgeon look at it at the county hospital ER.  He had no way of getting to the hospital to get this done.  His ankle was swollen, broken or sprained; couldn’t drive his dumptruck, and he had no insurance.  He was that dreaded self-pay that never pays and is therefore turned away in non-emergent situations.  He became a resident of the Salvation Army house.   Orthopedic surgeons don’t fix people who don’t have insurance unless they have a lot of cash up front.  Free clinics can only do so much.

What are the essential requirements of an American life? Food, shelter, clothing, clean water, good health and an education.   Some of us think that access to health care is as essential as access to clean drinking water.  Some do not.

Those who are opposed to the Affordable Care Act which is a big step in providing health care to a wider range of Americans  seem to be concerned about the cost to them personally. “The more money we make the more they take.”   Who are they?

What are they doing with my money after they take it?  Isn’t that what we all piss and moan about?  What is this going to cost me?   A health care system that provides quality services for citizens is an acceptable and essential place for our money to go.  Health care and the health of this planet is more important than killing people in other countries.

The dumptruck driver could get back in his truck after his ankle was fixed and be a productive tax-paying citizen again.  How is that bad for you?

Trickle down economics isn’t causing that drip you hear, its drool.  Who cares what S&P thinks?  Except, “after the Dow Jones Industrial Average,  the S&P 500 is the most widely followed index of large-cap American stocks.”

We should all be listening to Fred.  The news is full of Standard and Poor (S&P) credit downgrade of the US’s borrowing worth.  I say, OK, so lets not borrow from them.  Lets revoke their use of ratings as a political weapon. I’ve read and read and read and can’t really find an answer.  Numbers, economics, and resources all seem to play a part.

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It may be disturbing to some to find out that not all good comes out of the wealthy corporate interests represented by the S&P’s 500.  Japan is pulling themselves out of their natural and man-made financial woes.  How?  Innovation.  It also helps that they don’t have a tea-party or christian fundamentalists standing on their drowning heads.  OK, with that sentence, I’m guessing I’ve lost about 25% of you.

Economics is nothing more than realizing that all the Earth’s resources are scarce and the study of Economics is how those resources get allocated amongst people.  A comparison of 1961 to today was made that sparked more research.  I asked my smart friend Fred  If our tax rate were the same as it was is 1961, would our deficit get payed off quicker?

and like a true economics guru he gave this reply…

Your question about the tax rate being what it was in 1961 would eliminate the deficit is a good one. The math is correct but ignores what has happened to the dollar since 1961. The top tax rate today is 35% on $357,500 of taxable income. In 1961 it was 34% on $8,000 and went as high as 91% on $200,000, $400,000 joint filers.  See http://www.taxfoundation.org/files/federalindividualratehistory-20080107.pdf for historical rates.

Reagan fixed inflation and brought us trickle down economics, which did not work, by the way. (It just brought a lot of drooling)

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Bush jr brought us cheap efficient wars, which do not end, by the way. (Cheap and efficient?  Fred, I believe your stabbing at humor here.)

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Unions built America after their military service fighting to preserve it.

Mandatory arbitration is a part of every credit card and cell phone contract that you sign.  In so signing you agree to not take the card company or cell phone company to court.  Did you know that?   Tort reform makes it so companies are not found liable for harm.  They use the term frivolous but includes third degree burns and death.  An example of State mandated caps–> in West Virginia  miners are often killed in mining accidents their families can ask for and win millions, but the cap is about $10.000.   Susan Saladoff’s film “Hot Coffee” is effective and makes these confusing terms easy to understand.   Who would think the US government would allow this kind of abuse to happen to citizens of the USA?

This prompted some inquiry into lobbying groups who support arbitration, caps and tort reform.  Then you look up the politicians those lobby groups support and you realize why the government has allowed this abuse.

Two lobbying groups were made the focus–>Americans for Prosperity supported by Charles and David Koch and the US Chamber of Commerce which was created by US president William Howard Taft as a counterbalance to organized labor in  1912.  You may not realize that the US Chamber of Commerce is not a government agency it is a private astroturf  lobby.  (I’m not talking about football fields)

The term astroturf is the billionaire version of grassroots.   Astroturf coalitions are created and funded by corporations and industry trade associations.  They fund lobbying groups who’s job is to win over the middle class and manipulate facts.   Many describe (or disguise) themselves as public relations groups like Bonner and Associates.

In 2009, Jack Bonner and his Associates were working for the  American Coalition for Clean Coal Electricity (ACCCE) and were caught forging letters to Representative Tom Perriello. The letters were supposedly from true grassroots groups, like the  NAACP — urging him to oppose the Waxman-Markey Climate Bill.  Perriello is one of the co-sponsors of the Clean Water Protection Act. The Coal industry didn’t want this Act signed because it would slow the practice of Mountaintop removal.

Jack Bonner had his company design a fictitious web calculator.  This calculator convinced users the cost of fuel would rise exponentially if legislators signed the Kyoto treaty; while accusing real scientists of being eco-wacko.  They have pulled off the same brilliant shenanigans for pharmaceutical companies, Mobile oil, US tobacco, Citicorp and so forth. The Kochs love these guys and have them working for them through “Americans for Prosperity” and probably many others.

The US Chamber of Commerce seems to have morphed into a completely self-serving machine.  It is a private lobbying group funded by 45 billionaires.  Their common denominator is a dislike for public education and healthcare reform.  These billionaires love funding tort reform and judicial races.  The US Chamber of Commerce helped to shield AIG from liability lawsuits, funded the Tea-party in the 2010 midterm elections, distributed books on energy to children, funded the fight against SCHIP (healthcare for poor kids),  and so forth.  They are drooling over social security money and wanting to legally manipulate it by lobbying for social security, medicare and medicaid to be privatized.  They are funding politicians who get behind this agenda with their pens.  Rick Scott has quickly signed legislation to privatize medicaid in Florida.

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They are the conductor, we are the band.  If you don’t like the music, make your own.  Look up stuff and find out the truth.

If you have ever seen the term “Fair Trade” on labels, you may have wondered what that meant.  I would like to explain.

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It is a marvelous system of guaranteeing the buyer that the product they are buying is not harming people or the planet.  For example: In Papua New Guinea the farmers grow cocoa on land they own.  The cocoa was sold to middle-men that in turn sold it to chocolate makers who in turn sold it to us.  The farmers profits were miniscule in comparison to the middle man.   Logging Companies wanted to buy these lands from the farmers and since the farmers weren’t making much money growing cocoa they were willing to sell.  The Nature Conservancy came along and explained to the farmers that the sale would be a short lived income.  With Fair Trade certification their profits would be greater and last as long as they were willing to farm sustainably.    Keeping their lands to sell Fair Trade cocoa will provide income forever (or until we stop loving chocolate).

The farmers were granted the fair trade certification after a long (three years I think) and arduous process of sustainable growing and marketing education.  The middle man was removed so they had to find their own fair trade buyers.  You wouldn’t think it would be hard to find buyers for this wonderful cocoa; it helps to understand these farmers have limited sources of communication and funds for travel.  These photos might help explain.

I asked many of my co-workers and friends what they know about the Federal Reserve. Some never heard of it and others just “stay out of politics”.  Congress either understands the Federal Reserve about as well as me and the people I work with or they understand it very well and use it for their own purposes.  My guess is there is a little of both.

Woodrow Wilson signed the Federal Reserve Act into law in 1913 with hopes of  keeping the American economy stable.  The great depression happened after the stock market crashed in 1929 so apparently it didn’t work.  Conspiracy theories portray that It worked out nicely for the guys funding the Federal Reserve.

By the way did you know Woodrow Wilson’s second wife Edith was a descendant of Pocahontas and he was instrumental in women gaining the right to vote as well as creating the IRS and involving us in WWI.

It seems that Wilson’s purpose, which was passed by congress, was to establish a system of banking that would remain independent but overseen by congress to protect the American economy.   My smart friend Fred says… ‘ There is evidence that no one in government or banking has been properly taught recently. At least they don’t seem to be interested in financial stability as much as in how to flip securities and create new “products” to flim-flam investors, other banks and foreign governments. ”

Oversight of the Federal Reserve is quite obviously an important issue that we need to understand and pay attention to.  As Fred stated “Money is a debt of the government with no interest rate. When you have a hundred dollar bill it means the government owes you a hundred dollars. You can take it to any bank and exchange it for another or a combination of smaller  currency or coin equal to $100.  You used to be able to get gold or silver but that was eliminated in 1933. Can you imagine trying to keep track of a $5 gold fleck?”

So, we can’t run around with little gold flecks in our pockets or chickens or buckets of oil or items of value so money is printed.  A loan from the government covered by the value of the US treasury which is manipulated by the individuals at the Federal Reserve.  We vote for congressmen to keep an eye on the Fed, AKA oversight.

In 1895, the Federal Treasury was nearly out of gold. President Grover Cleveland arranged for J.P. Morgan to create a private syndicate on Wall Street to supply the U.S. Treasury with $65 million in gold. JP Morgan pretty much owned the US treasury, as a consequence Cleveland, a democrat, angered his democratic constituents, and lost the presidency to Republican William McKinley.  Mckinley established gold as the only standard for redeeming paper money with the Gold Standard Act in 1900.  He was assassinated in 1901.

Another panic in 1907 was a financial crisis that almost crippled the American economy, yet again. Major New York banks were on the verge of bankruptcy and there was no mechanism to rescue them until Morgan stepped in, yet again and personally took charge, resolving the crisis.

Morgan organized a team of bank and trust executives which redirected money between banks.  A delicate political issue arose regarding the brokerage firm of Moore and Schley, which was deeply involved in a speculative pool in the stock of the Tennessee Coal, Iron and Railroad Company. Moore and Schley had pledged over six million of the Tennessee Coal and Iron (TCI) stock for loans among the Wall Street banks. The banks had called the loans, and the firm could not pay.  If Moore and Schley should fail, a hundred more failures would follow and then all Wall Street might go to pieces.  Too big to fail was going on back in 1907. Morgan decided they had to save Moore and Schley.

Vowing to never let it happen again, and realizing that in a future crisis there was not likely to be another Morgan, banking and political leaders, led by Senator Nelson Aldrich devised a plan that became the Federal Reserve System in 1913. The crisis underscored the need for a powerful mechanism, and Morgan supported the move to create the Federal Reserve System.  Yay!! it’ll never happen again and we don’t have to pay attention.  Then you may ask “Why did the great depression happen if the Federal Reserve System was established to protect the American economy”?  Well, either something evil was going on or just plain stupidity (on our part) and greed.

President Lincoln didn’t like the idea of a Central Bank and stated…

“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. The banking powers are more despotic than a monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies all who question their methods or throw light upon their crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe. Corporations have been enthroned, and an era of corruption in high places will follow. The money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed.”

Shortly after he said this, he was assassinated.

Banks store our money for us so we don’t have to walk around with our wad in our boots.  It isn’t sitting in a vault waiting for us to come and get it.  The bank has devised ways to turn our little wad into a bigger wad for themselves through speculation and manipulation of fractional reserves (watch the video at http://www.youtube.com/watch?v=iYZM58dulPE to understand it better). They also extend credit to us based on our wad and make money off the interest.

We all need to treat our credit cards like a 30 day note, you borrow to get things you want in the immediate sense rather than having to wait for your next paycheck.  If you pay it back before the 30 days is up, you don’t have to pay interest, you just pay back what you borrowed. So we can live happily ever after surrounded by the ones we love.  Isn’t that the ultimate goal? for our money to buy our happiness? Like a patient said to me once “you never see a hearse pulling a U-haul”.

I ran across a website that visually represented how much money BP lost due to the oil spill.   I was incredulous.  That much money exists?  It is a loss they plan to recoup.  How do you suppose they will make up the loss?

They have convinced us to drive bigger cars, drink our water from a bottle, use more plastic and carry on with war, any war.  Oil men love war.  War is what truly feeds Seymour.  You remember the insatiable plant from “Little Shop of Horrors”.  I liken the oil (and coal) industry to Seymour’s need to keep his plant alive.  In the beginning it was a nice fun little plant.  Harmless, at least relatively.  The plant like the oil industry has gotten so big it is devouring the planet through wars and plastic and large ships and cruise liners that carry us and our crap across oceans.

We are convinced that if we all pile on a giant boat together life will be more fun.  We are convinced that the stuff we have is not good enough.  It all needs to be replaced by better stuff.  Most of the stuff is plastic and plastic is made from oil and the plastic is brought to us on giant boats that require massive amounts of oil.  This insatiable need has been brought to you by the oil industry.

We can’t blame oil entirely.  Coal is what fuels this nations heat and air and lights.  The current grid was set up by the coal industry and subsidized by the US government.  It was harmless and useful in its beginnings.  What a blessing to have heat and air and light due to the fabulous grid work that traverses the nation.  Except, now it too is like Seymour’s plant.  Dividing and devouring and convincing us that nothing else will do.

So let me share the website that prompted this blog…

http://www.visualeconomics.com/what-bp-could-have-bought-with-all-the-money-they-lost/

I wrote to my smart friend Fred who gave me this reply…

So you see in the world of business BP’s loss isn’t so much. Don’t feel sorry for them. Don’t think how much good this money could have done because it pales in comparison to the money we waste on wars. Iraq I believe was $1,000 billion. That’s 112 times what BP wasted.

When you look at it this way — it isn’t oil and coal that feeds Seymour’s plant.  Economics feeds the plant.  How often does economic advantage take precedence over doing good?  Goodness faces doom when it gets in the way of the economy.

What truly amazed me is that 3.4 billion dollars would buy an ice cream sandwich for everyone in the world and yahoo is worth 20 billion.  Wouldn’t it be cool if yahoo bought an ice cream sandwich for everyone in the world?  There is probably a soy version for the lactose intolerant.

The Top 10 Things You May Not Know About the Wall Street Reform and Consumer Protection Act

Here are 10 aspects of the Wall Street Reform and Consumer Protection Act you may not know about — the online attention-deficit version.

1. Stronger protections for consumers against unfair credit card practices like rate hikes for existing credit card balances.  When my son had a traffic accident I didn’t work for a month to be at his bedside,  I had a credit card with a 9% rate that I never used, but kept for emergencies.  As soon as I used it the rate went to 18%.  When I called to complain, they dropped the rate to 16% and told me that was “standard practice“.   I told them this was “standard bullshit” paid it off and canceled the card forever.
2. Mortgage brokers will be prohibited from making higher commissions by selling mortgages they know consumers can’t afford. But –  We love the stuff we can’t afford. We need to go back to –> we can only have what we can afford.  Then the cost of living will drop and the pay scales will rise and we’ll need less stuff.  Like “Happy Days”.
3. Free annual credit scores so people can stay on top of their finances. [Clarification: free credit scores are available if you receive worse terms on a loan because of something on your credit report, or if you are rejected. You think this will make folks stay on top of their finances?
   
4. No more taxpayer-funded bailouts. yay!! If a company can’t make it, it will have to liquidate.  If what they sell is junk, they need to go down. Like the company building junky jets for the air force — they went down.
5. Greater input by company shareholders over how much a CEO gets paid.  Companies’ compensation boards are now required to be truly independent.  you mean they weren’t in charge of a CEO’s pay or compensation?
6. Brokers who offer investment advice will have to act in the best interests of their customers, not their own financial interests.  Oh, yeah, like some federal law is gonna make that happen.
7. Financial firms won’t be allowed to grow so large that if one fails, it will affect the entire financial system.   Isn’t that why we don’t allow monopolies? When did that change?
8. There will be one agency whose sole job is to make sure that consumers get the protections they deserve and to set clear rules to hold banks, mortgage companies, payday lenders, and credit card lenders accountable.  It will be interesting to see how this works out. I’m sure you anti-government types are focusing on this one.
9. Businesses can’t be charged extra fees for debit card “swipe fees” that exceed the cost of processing transactions.
10. You can learn plenty more here at WhiteHouse,gov or at financialstability.gov
11. Updated: To tack on #11, here’s a new animated video we’ve released to further explain Wall Street Reform.

RE:  My son’s accident–> I didn’t borrow from mother, father, sister, brother or friend, I had money sitting around doing nothing waiting for the inevitable shit that happens in life.  Something governments, companies and individuals all need to do.

The Swiss bankers and the Roman Catholic Church were complicit in the Nazi regime. These were not terrible people. They were normal people. They closed their eyes to evil or justified it, for the sake of peace or gain or national loyalty. I sometimes wonder (and fear) whether I would have done the same if I had been in that society at that time. It is so easy not to see, not to hear, not to understand, when one’s own peace or prosperity is involved. There have been times, after all, when I have allowed blatantly racist statements to pass unchallenged in the name of good manners, or of just keeping the peace. For so little of one’s soul, or at least a little piece of it, is on the auction block.”

The Reverend Kathleen Damewood Korb

Certain persons in the media have made mephistophelian bargains for power and fame using fear and greed as their catalyst.  A few of them have marketed themselves as chosen.  Chosen to teach us what God wants us to do.  People blindly believe their utterances and it is becoming impossible to sit idly by or “close my eyes for the sake of peace”.

“Never talk politics or religion at the dinner table.”  Adhering to that rule makes for a peaceful dinner especially among friends and family with differing political values.  Once the plates are cleared and the wine and chocolates or coffee and cheesecake starts a few fists have pounded the table. There are times when we need to discuss and debate, to provide the other side of a point. Informing ourselves, sharing what we’ve learned removes animosity and hatred and misunderstanding.  Not talking at all, not sharing likes and dislikes is only useful for augmenting paranoia. 

It is always important to challenge hate; challenge it’s source and find it’s solution. When you don’t like the way things are, there is always a chance for a different outcome.  Our conversations need to look at all sides and possible outcomes. Are we better off doing nothing vs doing things differently?

When fists are pounding or all capital letters are being typed, chances are a point is being made.  Hopefully the point is to liberate us from hate

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