Archive for the ‘Robber Barons’ Category

The Wealth Divide Never Wider

aa-middle class - getting poor The Robber Barons of the 19th and 20th century had nothing over the elites of today’s globalist transnational financial conglomerates. The Richest Americans, listed in Forbes conceals the real power that controls the economy. Net worth is deficient in gauging dominance in financial commercialism and monetary preeminence. The Top 50 Highest-Paid CEOs as reported by ABC News ties into Michael Hiltzik’s account that CEO-to-worker pay gap is obscene, “The average CEO-to-worker pay ratio in 2012 was about 350 to 1.” Yet the divide in pay does not exemplify the exact lose in a livable standard of living for the ordinary staffer. If corporate multinationals were really about creating actual wealth, the pay of inspirational leadership and senior management talent, that executes the business plan, would be incidental if the employees were sharing in affluence. Those who demand higher minimum wage compensation do not understand how business works. The inordinate wealth divide, cannot and will not be reduced, until genuine economic prosperity is achieved. http://www.batr.org/corporatocracy/060414.html


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Crimea: An EU-U.S.-Exxon Screwup

aa-Dees - Exon Mobil armed forces According to Ryan’s maps, the annexation of Crimea added 36,000 square miles, more than doubling Russia’s legal claims from 26,000 square miles in the Black Sea and Sea of Azov to 62,000 square miles. Ukraine lost a corresponding amount. More importantly, the overlay of the 600 foot contour shows that Ukraine no longer has access to any deep water. This change is a verifiable consequence of annexation. And it has profound implications. Dr. Ryan also speculates the deep regions gained by Russia may be “the best” of the Black Sea’s deep oil reserves, although it must be remembered these reserves are not fully explored. In fact, as of 2012, less than 100 exploratory wells have been drilled in the Black Sea’s deep water, and only one well has struck pay dirt. http://www.counterpunch.org/2014/05/23/crimea-an-eu-us-exxon-screwup/#.U4HnF7KSjrQ.email


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Why Conservatives Are Suddenly Freaking Out About Guillotines

aa-American Spectator cover of guillotine In his article, however, James Pierson warns that a revolution is afoot, and that the 99 percent is going to try to punish the rich. The ungrateful horde is angry, he says, when they really should be celebrating their marvelous good fortune and thanking their betters: “From one point of view, the contemporary era has been a ‘gilded age’ of regression and reaction due to rising inequality and increasing concentrations of wealth. But from another it can be seen as a ‘golden age’ of capitalism marked by fabulous innovations, globalizing markets, the absence of major wars, rising living standards, low inflation and interest rates, and a thirty-year bull market in stocks, bonds, and real estate.” Yes, things do indeed look very different to the haves and the have-nots. But some of the haves are willing to say what’s actually going down — and it’s a war of their own making. Warren Buffett made this very clear in his declaration: “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” http://www.alternet.org/economy/why-american-conservatives-are-suddenly-freaking-out-about-guillotines


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The United States is a Fraudulent House of Cards

aa-capitalism - monopoly Anyone with a pulse knows by now that the U.S. Government, in conjunction with the Fed and Wall Street, rigs every economic report just like it rigs every market. When I first started getting involved in the precious metals markets back in 2001, the market manipulators at least tried to camouflage their activity. Now they openly lie about everything and blatantly intervene in every market. They no longer attempt to hide their activities. The fraud, corruption and open theft truly is the mark of a collapsing Empire. http://www.silverdoctors.com/the-united-states-is-a-fraudulent-house-of-cards/


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America’s New Servant Class

aa-servant In America, many people still think of household servants as something belonging to a distant age, a time less equal and democratic than our own, like the Britain of Downton Abbey. But as we’ve entered a second Gilded Age, the clock seems to be turning back, and the super-rich are increasingly relying on servants to feed, clothe and make them comfy. The economic “recovery” is not producing nearly enough jobs, but the servant sector is certainly growing. http://www.alternet.org/economy/americas-new-servant-class?paging=off&current_page=1#bookmark


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Who Gets Thrown Under the Bus in the Next Financial Crisis?

aa-bankster - jumped to death in 1930s Though everyone who is convinced the U.S. dollar will go to zero is confident that Wall Street will emerge victorious from the next financial crisis, I am convinced of the opposite: the Deep State will do whatever it takes to eliminate strategic threats to the integrity of the Deep State and the nation it depends on for its power and survival. In a financial crisis that threatens the dollar and the Deep State, the phantom claims of Wall Street’s financier skimmers, scammers and swindlers will be tossed under the bus with few qualms. The triage might even be performed with a certain relish. Put another way: we’ve reached Peak Wall Street and it’s all downhill from here. http://www.zerohedge.com/news/2014-03-03/who-gets-thrown-under-bus-next-financial-crisis


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How Junk Economists Help the Rich Impoverish the Working Class

aa-banksters - good poster Economic development has always been about acquiring the capital, technology, business knowledge, and trained workforce to make valuable things that can be sold at home and abroad. US capital and technology are being located abroad, and the trained domestic workforce is disappearing from disuse and abandonment. The U.S. is falling out of the ranks of the industrialized countries and is on the path to becoming an undeveloped economy. http://www.paulcraigroberts.org/2014/01/28/junk-economists-help-rich-impoverish-working-class-paul-craig-roberts/


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Class War Victors Get Higher on the Hog

aa-Republicrats - two parties one ideology This is the real truth of the much-vaunted “recovery” of the U.S. economy under the leadership of Barack Obama: 95 percent of the tepid growth since he took office has gone to the 1 percent. A full 90 percent of the American people have grown poorer. This is because Obama’s carefully crafted, deliberately chosen economic policies have been designed to use the power of the state to skew the nation’s economic, social and political structures toward the super-rich, in some of the most brazen ways imaginable. From the very beginning, the focus has been almost exclusively on “saving” the financial sector that caused the crisis, bailing it out, protecting its privileges, extending its reach and — as the statistics clearly show — enriching it at the expense of every other sector of American society. Obama’s defenders will point to the intransigence of the Republicans as the reason why the rich are getting obscenely richer under Obama while the rest get poorer and the ‘safety net’ and social structures (and infrastructure) of American life are relentlessly degraded. But of course, it is only this intransigence that has saved us so far from the even greater degradation that Obama has been seeking since his first days in office: the “Grand Bargain” that will slash the remaining threads of the safety net and gut most non-military spending in order to “balance the budget” (while maintaining a world-encircling military machine and all-pervasive “security” apparatus). Over and over, Obama has offered the Republicans savage budget cuts and safety-net gutting that were beyond the wildest dreams of the arch-conservatives of yore — or even, say, Newt Gingrich in the 1990s, or George W. Bush’s administration. But the GOP is now dominated electorally by theocratic extremists who believe any tax rise (even the minuscule bumping Obama meekly suggests as part of his “bargain’) is of the devil, while the corporate interests who let these theocrats front for them have decided to vanquish even the pretense of any restraint on their power once and for all. Their scorched-earth campaign and the zero-cooperation stance of the zealots have blocked Obama’s frantic efforts to destroy the remnants of the New Deal, but one day, they may take the bait — and then you can tell Granny to go dumpster-diving, because the state ain’t gonna feed no useless eaters no more. And let’s not forget that it was Obama’s choice not to spend the enormous political capital of his first election triumph to rescue the millions of workers and homeowners going under, but to instead put all his energy into “saving” the perpetrators of the global collapse — and pushing a “health reform” plan created by a right-wing think tank in the 1990s: a wretched piece of corporate profiteering that cleverly, and completely, co-opted the “left” into defending an elitist boondoggle and effectively killing genuine health care reform for years, perhaps for generations. No; we are where we are because our elected officials, of both parties, on both sides of the ocean, have long been and still are the prostituted servants of a rarefied, ravening, bellicose elite. The elite have won the war; they’ve imposed a brutal occupation on the vanquished — and now they are withdrawing beyond the clouds, to golden citadels and ‘specialist suites,’ where they can disport themselves in luxury and safety, while looking down, with a satisfied smile, on the billions and billions of worthless suckers they’ve left behind. http://chris-floyd.com/component/content/article/1-latest-news/2368-cloud-dwellers-class-war-victors-get-higher-on-the-hog.html


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The Death (and Rebirth) of the Middle Class

aa-American dream - George Carlin The American middle class is fast disappearing, not because there is anything particularly wrong with the people involved – they are every bit as talented as their parents and grandparents were – but because the ruling class of the United States has pushed them into this position. This middle class was once composed of proud and productive people… the kind who now exist primarily in advertisements for trucks. These people and their abilities remain, but Washington has taken power over nearly every choice they have and thinks of them only for the purposes of voting, fighting in wars, and creating more debt (aka buying stuff they don’t need). These people are at a crossroads, facing fundamental choices about who they are and what they will be. The big threat in front of them is that by not stopping, thinking, and choosing (and it’s always easier to do nothing), they’ll stay on the path that has been grinding them into the dirt. http://www.freemansperspective.com/collapse-of-american-middle-class/


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The MF Global Magical Mystery Tour

It is impossible to make up a fantasy tale that rivals the manifestations of the outlandish MF Global scandal. The evaporation of customer’s monies into an intentional off shore stash is tragic enough, but the indignity of allowing “no consequences” for a horrific crime against all investors is inexcusable. Jon S. Corzine is a fraudster that screams out for the gallows of justice. The manner of fleecing the public by Wall Street crooks has a clear distinction. Corzine walks while Madoff serves time. The original “Magical Mystery Tour” was a precursor of today’s reality TV shows. Corzine’s version is more a “House of Horrors.” http://www.batr.org/negotium/082212.html


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Romney the Businessman?

Mitt Romney has focused his run for the presidency on the superior skills he developed as a successful businessman, asserting that he alone has the knowledge, the experience, and the personal grit needed to repair the U.S. economy. Let us accept for a moment that Romney’s preferred narrative is true, i.e., that he actually was a respectable and honorable businessman, not just a predatory capitalist who bought up failing companies so he could enrich himself by stripping them of their assets and putting their employees out of work. If Mitt is the real thing, one should expect a president who will be a careful and cautious manager, making rational decisions based on available information, because whether businesses succeed or fail frequently depends on making the right judgments at the right time. http://original.antiwar.com/giraldi/2012/08/15/romney-the-businessman/


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Banana Republic Watch: 2,362 Millionaires Got Unemployment Benefits

In addition to the 2,362 people with adjusted gross incomes of $1 million or more who got unemployment benefits in 2009, there were also 8,335 people with incomes between $500,000 and $1 million who received benefits and 120,227 with incomes between $200,000 and $500,000 who received benefits. http://cnsnews.com/news/article/2362-millionaires-got-unemployment-benefits


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Super Rich Hide $21 Trillion Offshore

A new report finds that around the world the extremely wealthy have accumulated at least $21 trillion in secretive offshore accounts. That’s a sum equal to the gross domestic products of the United States and Japan added together. http://www.forbes.com/sites/frederickallen/2012/07/23/super-rich-hide-21-trillion-offshore-study-says/


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Casino Capitalists Playing With Fire

With the “Robber Barons,” one could see a connection between the wealth of the Rockefellers, Harrimans, Carnegies and Henry Ford, and their contributions. Railroads were tying America together. Oil was fueling industry. America was surpassing Britain in steel production. Ford was putting the nation on wheels. When J.P. Morgan took to the floor of the New York Stock Exchange in 1907 to issue a buy order, he stopped a panic. There was perceived to be a connection between the wealth of these men and their achievements. They were helping make America the most awesome industrial nation known to man. But as scholar William Quirk writes in his essay “Saving the Big Casino,” our big banks now seem to rise and fall on profits and losses from the trading of “derivatives,” “credit default swaps” and “exotic securities” that not one man in a thousand understands. Fortunes are lost and made overnight. Names appear on the list of richest Americans no one has ever heard of. Cheating and corner-cutting are constantly being unearthed. Broker- and banker-gamblers in their 30s amass and flaunt nine-figure fortunes. Were the rest of America doing well, this might not matter. But America is not doing well. And Americans are coming to believe that a system where high-rollers rake in tens of millions playing Monopoly while workers who build things and make things never see a pay raise is rigged and wrong. http://www.wnd.com/2012/07/casino-capitalists-playing-with-fire/


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Eight Ways America is Headed Back to the Robber Baron Era

We are recreating the Gilded Age, the period of the late 19th and early 20th centuries when corporations ruled this nation, buying politicians, using violence against unions, and engaging in open corruption. During the Gilded Age, many Americans lived in stark poverty, in crowded tenement housing, without safe workplaces, and lacked any safety net to help lift them out of hard times. http://www.alternet.org/labor/156111


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Corporate Profits at All-Time High; Wages at All-Time Low

The middle class is being hollowed out; increasingly, there are the super-super-rich, and there are the rest of us. http://www.alternet.org/news/156042


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How the Super Rich Avoid Taxes Even as They Demand That the Rest of Us Pay More

The way that we tax people in the United States is fundamentally broken and should be completely discarded. The U.S. tax code is absolutely riddled with loopholes that allow the super rich to legally avoid taxes while many of the rest of us are being taxed into oblivion. In our system of taxation, middle class families that work hard and try to play by the rules are deeply penalized while those that are willing to abuse the system make out like bandits. There is something fundamentally wrong with a system that enables wealthy politicians such as Barack Obama and Mitt Romney to pay a smaller percentage of their incomes in taxes than millions of middle class families. http://theeconomiccollapseblog.com/archives/how-the-super-rich-avoid-taxes-even-as-they-demand-that-the-rest-of-us-pay-more


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Terrorist (Noun): Anyone Who Disagrees With the Government

There are two key social control myths in America: one, that everyone is equal before the law, and two, that similar fundamental opportunities are available to all. Using the Socratic method, let’s see if these hypotheses are true or false. http://www.zerohedge.com/news/guest-post-social-fractals-and-corruption-america


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International Business — Davos Style

The first lesson of international business is that the monopolies that drive the commercial trading system only hold loyalty to the god of capital. Making money means retaining a profit on trading transactions of business companies. The notion of MAKING MONEY means something very different to the financial empires that speculate on currencies, commodities, bonds and equities. When the two worlds come together to celebrate the common interest of their pirate culture, the Davos port of call, is a necessary winter holiday. http://www.batr.org/negotium/020112.html


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Everything You Need to Know About Wall Street, in One Brief Tale

If there was ever a news story that crystalized the moral dementia of modern Wall Street in one little vignette, this is it. Newspapers in Colorado today are reporting that the elegant Hotel Jerome in Aspen, Colorado, will be closed to the public from today through Monday at noon. Why? Because a local squire has apparently decided to rent out all 94 rooms of the hotel for three-plus days for his daughter’s Bat Mitzvah. The hotel’s general manager, Tony DiLucia, would say only that the party was being thrown by a “nice family,” but newspapers are now reporting that the Daddy of the lucky little gal is one Jeffrey Verschleiser, currently an executive with Goldman, Sachs. http://www.rollingstone.com/politics/blogs/taibblog/everything-you-need-to-know-about-wall-street-in-one-brief-tale-20120113


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Incredible14U

Some people work for company's that use ponzi schemes to make money, LOTS OF IT YAH!, and others run hotels during a recession/depression and need the money cause a lot of rooms may be empty. That is capatalism. Warts and all.

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Class War Coming to America

Never mind the budding war between America and Iran. A skirmish could be coming a lot closer to home and it might even be as centrally located as your own city. In only two years, tensions have grown greatly between the upper and lower classes. http://rt.com/usa/news/class-war-america-inequality-645/


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LabMan

The effects of sanctions are beginning to show on the Iranian people,the middle class being destroyed,jobs lost,medical care diminishing,a society being forced into desperation,sound like anything happening here?,maybe it's time to admit that the American people have been the victims of sanctions also for quite some time,and the effects are chillingly close to what is happening in Iran,we are all Palestinians now!

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The Equality Racket

Our mainstream media have discovered a new issue: inequality in America. The gap between the wealthiest 1 percent and the rest of the nation is wide and growing wider. http://www.vdare.com/articles/the-equality-racket


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The Second Gilded Age

Writer Mark Twain coined the phrase “the Gilded Age” to describe that period of rapid growth, a time when the dazzling exterior of American life actually concealed mass unemployment, poverty and a society ripped in two. Economists and political scientists believe the US has entered a new Gilded Age, a period of systematic inequality dominated by a new class of super-rich. The only difference is that, this time around, the super-rich are hedge fund managers and financial magnates instead of oil and rail barons. http://www.spiegel.de/international/spiegel/0,1518,793896,00.html


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A Conspiracy of Counterfeiters

Schooled economists such as Rogoff, Krugman and Bernanke know how to shelter their wealth from the ravages of inflation – and even to get rich. But what about widows whose husbands leave a nest egg of savings in cash and bonds? What are they supposed to do as the value of their savings is wiped out at 4, 5 or 6 percent a year – or whatever annual rate of ruin the Rogoffs and the Krugmans decide upon? This is not only an economic issue but a moral issue. To inflate a currency is to steal the money citizens have earned and saved and entrusted their government to protect. Any government that betrays that trust and steals that wealth is not only unworthy of support. It is worthy of being overthrown. http://lewrockwell.com/buchanan/buchanan183.html


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jaredsparks

Meaning the rate of return on safe investmens like money markets.

jaredsparks

Try zero percent, as the banksters attempt to force the seniors to lose their money in hi-risk scams.

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Real People Say “Screw You” to the Markets

Don’t even try to “invest” in this market folks, and if you decide to trade, realize that you’re playing in a rigged casino and the entire force of the government is not only behind rigging the casino but explicitly endorses and permits the rigging to go on and continue, despite being fully-aware of it. Remember, “Wall Street is Main Street” to them – and if that means your retirement and investments get destroyed that’s just fine provided that big buildings in downtown Manhatten continue to be infested by the thieves guild that pumps tithes into campaign coffers. Oh, if you think that liquidity was bad, you should have seen it on the release of the speech. There were double-digit bid and offers up and down the stack, and the collapse of about 1% you saw was a direct consequence of an illiquid market. So was the subsequent ramp job, roughly 2% in minutes. This chainsaw is more than happy to cut your arms and legs off with both sides of the bar. Make sure you thank Congress and our wonderful “President”, all of whom are far more interested in making sure that the banksters simply rob you blind than anything else when it comes to the economy. http://www.market-ticker.org/akcs-www?post=193037


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Illegal Foreclosure Epidemic: Until We Put A CEO In Jail Bankers Will Never Learn Their Lesson

To foreclose on someone’s home, an authorized bank employee must sign the foreclosure document, swearing that the facts in it are true. But that requires hiring people to review each case. To avoid that cost, they take an illegal shortcut by signing the name of someone who has not read the document and might not even exist. http://blog.alexanderhiggins.com/2011/08/16/illegal-foreclosure-epidemic-put-ceo-jail-bankers-learn-lesson-57591/


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LabMan

Are people fighting back legally?,the "Linda Green"signature situation is a red flag that should be followed up on,I don't know the number of homes forclosed on in the U.S.,but I hope a battle is going on in this area,we as citizens,have come under attack in so many areas that it is clear that our demise is planned,if our racial surrender is any indication, things do not look promising,the elite cause and watch these events very closely,they then draw opinions as to our resistance level,if they feel that we are "easy marks",another assualt is started on our way of life.

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The Decline and Fall of the American Empire

The United States Government and its presstitute media have wasted time and energy creating hysteria over a non-existent “debt ceiling crisis.” After reading the “news” in the Ministry of Propaganda and witnessing the stupidity of the U.S. government, the rest of the world is struck dumbfounded by the immaturity of the “world’s only superpower.” What kind of superpower is it, the world wonders, that is willing to go to the eleventh hour to convince the world, which holds its banking reserves in U.S. Treasury debt, that the U.S. government will default on the debt? Every country in the world now worries about the judgment and sanity of the country with the largest nuclear arsenal in the world. http://www.informationclearinghouse.info/article28730.htm


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$230,000 For a Guard Dog: Why the Wealthy Are Afraid Of Violence From Below

As inequality in the U.S. grows, the ultra-rich are pouring their spare cash not just into private jets, but into private security. Think there’s a connection? http://www.alternet.org/economy/151837


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jaredsparks

What these sleazebags really fear is good old American Populism; someone to come along with the ability to gather middle and working class of all political persuasions under one big tent. Case in point - what happened to Sen.Huey Long.

LabMan

The wealthy are beginning to look over their shoulders,but will not have to worry much until after football season,but wait,then basketball starts......AH!

Reinhardt

Justified paranoa! However, I think the ones who have the most to fear, are the politicians. But then, they are among the ultra rich due to stealing from the populace!

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The Ultimate Goal of the Bankster-Led Political-Economic Warfare Being Waged Against Us

What these banksters and their cohorts are really trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions that embody such legislation. They’re not trying to make the economy more equal, and they’re not trying to share power — just the opposite: Their aim is to implement a kind of pre-industrial and even feudal socioeconomic system. What this means is that our economy is being pushed back and put on the road to debt peonage. Hence forth, most manufacturing will be done in Asia and Europe. http://www.opednews.com/articles/The-Ultimate-Goal-of-the-B-by-Richard-Clark-110714-667.html


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Former Fox News Executive: Americans’ Phones Were Hacked

Roger Ailes (left) and zionist robber baron Rupert Murdoch

Former Fox News executive Dan Cooper has claimed that a special bunker, requiring security clearance for access was created at the company’s headquarters to conduct “counterintelligence” including snooping on phone records. http://www.dailykos.com/story/2011/07/17/995568/-Fmr-Fox-News-Executive:-Americans-Phones-Were-Hacked?via=tag


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Greed, Excess and America’s Gaping Class Divide

It also works the other way — the poor have no idea what real rich people are like. They apparently never see them, which is why the political champions of middle America are at this very minute campaigning in congress to extract more revenue from elderly retirees and broke-ass students while simultaneously fighting to preserve a slew of tax loopholes for the rich, including the carried-interest tax break that allows hedge fund billionaires to pay about half the tax rate of most Americans. This is also going on because both parties are betraying the desires of the actual voters, who by and large actually do favor taxing the wealthy (they favor it intellectually anyway, when asked by pollsters). But we don’t see mobs on the street demanding Stevie Cohen and John Paulson and George Soros give up their special 15 percent tax rate, because no actual people have ever seen Stevie Cohen, John Paulson or George Soros in the wild. http://www.readersupportednews.org/off-site-opinion-section/83-83/6598-greed-excess-and-americas-gaping-class-divide


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Robber Baron Watch: Over The Past Four Years Rupert Murdoch’s News Corp Generated $10.4 Billion In Profits And Received $4.8 Billion In ‘Taxes’ From The IRS

Call it the gift that keeps on giving (if one is a corporation that is): the U.S. tax system, so effective at extracting income tax from America’s working class, is just as “effective” at redistributing said income tax at the corporate level. Case in point: News Corp, which after generating $10.4 billion in profits over the past 4 years, and which would have been expected to pay the IRS $3.6 billion at the statutory corporate tax rate, instead received $4.6 billion back from Uncle Sam. Bottom line: Murdoch’s corporation had a cash paid tax rate of -46% between 2007 and 2010. http://www.zerohedge.com/article/over-past-4-years-news-corp-generated-104-billion-profits-and-received-48-billion-taxes-irs


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The Corporate Royalists and Right-Wing Groups Propelling the GOP’s Assault on the Middle Class

A handful of rich, right-wing families and corporate chieftains are dedicated to returning America to the days when robber barons ruled. http://www.alternet.org/teaparty/151213


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