Janet Yellen keeps the Fed in the Tribe: four leaders in a row
Newsletter published on 10 October 2013
(1) Janet
Yellen keeps the Fed in the Tribe: four leaders in a row -
Peter Myers,
October 10, 2013
(2) Until Zoellick retired, the World Bank also had three
Jewish heads
in a row - Peter Myers, October 10, 2013
(3) Larry Summers
misses out as head of Fed; he helped cause Financial
Crises - Eamonn
Fingleton
(4) Martin Wolf recommends Janet Yellen to head the Fed
(5)
Janet Yellen is Jewish too; is the Fed a Jewish institution?
(6) Jews at the
head of the Fed and World Bank - Mike Stathis (2010)
(7) Mike Stathis worked
for UBS and Bear Stearns
(8) Virtually every top economic position in
Washington is headed by a
Jewish person - Mike Stathis (2010)
(9) More of
Obama's Jewish appointees - Mike Stathis (2010)
(10) Jewish Mafia tied to
death of America, by Mike Stathis (2013)
(11) Free Trade is cause of
America’s persistently high Jobless Rate -
Mike Stathis (2012)
(12) Free
Trade and the Jewish Mafia - Mike Stathis (2012)
(13) The Solution to
America’s Great Depression: Eliminate Welfare- Mike
Stathis
(2012)
(1) Janet Yellen keeps the Fed in the Tribe: four leaders in a row
-
Peter Myers, October 10, 2013
It's no secret that Ben Bernanke,
chairman of the Fed, and his
predecessor Alan Greenspan, are
Jewish.
The new head, Janet Yellen is too, according to
http://www.jewishpress.com/ (item
5).
Prior to Greenspan, Paul Volcker was head.
He attended the
Lutheran church, and Wikipedia makes no mention of his
Jewishness <http://en.wikipedia.org/wiki/Paul_Volcker>.
But
YnetNews (of Israel) names him as Jewish (and notes his link to J.
Rothschild):
http://www.ynet.co.il/english/articles/0,7340,L-3619625,00.html
Obama
mulls naming Jewish economist secretary of treasury
Former Fed chair, who
headed committee tasked with securing Swiss
restitution funds for Holocaust
survivors, shortlisted for two of new
administration's top financial
positions
Roni Sofer
Published: 11.09.08, 08:38 / Israel
Money
Former Federal Reserve Chairman Paul Volcker is on the shortlist
for the
US secretary of the treasury position in the Obama administration,
Ynet
has learned.
Should Volcker, 82, be passed for the position, he
is likely to be named
head of the US Financial Council.
Volcker, who
chaired the Federal Reserve for eight years, was appointed
head of the
committee which probed the liability of Swiss banks to
holocaust victims, in
1995. The committee's effort yielded $1.5 billion
in restitutions to
Holocaust survivors.
While spearheaded by Volcker, the committee met once
a moth, usually in
Zurich. The committee was made up of five Swiss members,
representing
the banks, and five Jewish members - Avraham Burg, Ron Lauder,
Israel
Singer, Dr. Reuven Bracha and Attorney Zvi Barak. ...
Volcker
headed the Federal Reserve between 1979 and 1987, under
presidents Jimmy
Carter and Ronald Reagan. After leaving the Fed, he
went into private
practice, becoming chairman of the prominent New York
investment banking
firm, J. Rothschild, Wolfensohn & Co.; but he was
occasionally asked to
head public committees – the most famous of all
probed possible corruption
in the Iraqi Oil for Food program, in 2004.
Born to a Jewish family in
New Jersey in 1927, Volcker attended
Princeton University, Harvard and the
London School of Economics. In
January of 2008, he endorsed Barack Obama's
presidency bid and was his
closest financial adviser.
(2) Until
Zoellick retired, the World Bank also had three Jewish heads
in a row -
Peter Myers, October 10, 2013
The previous head of the World Bank, Robert
B. Zoellick, succeeded James
Wolfensohn & Paul Wolfowitz, both
Jewish.
Wikipedia lists him as Christian.
But the San Diego Jewish
World, of Wednesday Evening, May 30, 2007, says
Zoellick is
Jewish.
In the "Jews in the News" section, the Jewish names are
highlighted.
Zoellick is highlighted. So is Wolfowitz:
http://web.archive.org/web/*/http://www.jewishsightseeing.com/2007-sdjw/2007-05%20sdjw/2007-05-30/2007_05_30.htm
San
Diego Jewish World again lists Zoellick as Jewish, on June 26, 2007
http://www.jewishsightseeing.com/2007-sdjw/2007-06-SDJW/2007-06-26/2007-06-26.htm
{start}
Jews
in the News
...
*Newly designated World Bank President Robert Zoellick
went on a
two-week tour of Africa, Europe and Latin America to get ready for
his
new position. The Associated Press story by Jeannine Aversa is in
today's San Diego Union-Tribune.
{end}
Zoellick, when
vice-chairman of Goldman Sachs, made these passionate
comments on
Israel:
{start Zoellick comments}
http://shanghai.usconsulate.gov/oksenberg_lecture.html
"From
the Shanghai Communiqué to Global Stakeholders"
Remarks by Robert B.
Zoellick
Vice Chairman, International, Goldman Sachs Group
at the
Barnett-Oksenberg Lecture on Sino-American Relations sponsored by
The
Shanghai Association of American Studies
The National Committee on
U.S.-China Relations
Shanghai March 21, 2007
One also needs to
consider what Israel might do. Iran supports
terrorists who attack Israel.
Iran’s President has spoken of wiping
Israel off the map. He questions the
reality of the Holocaust. The
Chinese are proud of their sense of history;
the Jewish people have a
strong historical memory, too. It is burned in
their soul that Jews once
stood by as enemies threatened them with
annihilation.
I hope this rendition of the stakes might lead China to
cooperate more
actively with the United States, the EU-3, Russia, and others
to
dissuade Iran from its course of uranium conversion and enrichment. The
Russians have found cause to stop work on the Bushehr nuclear plant.
China could help through vigorous enforcement of sanctions on dual use
technology and by urging full cooperation with the IAEA’s detailed
demands, as called for by UN Security Council Resolution 1737. As long
as Iran resists the cooperation called for by the UN Security Council,
it should be subject to additional pressure, applied in gradations.
{end
Zoellick comments}
(3) Larry Summers misses out as head of Fed; he helped
cause Financial
Crises - Eamonn Fingleton
http://www.forbes.com/sites/eamonnfingleton/2013/09/15/the-best-news-for-america-this-year-larry-summers-drops-out-of-fed-chairman-tussle/
9/15/2013 @ 6:09PM
The Fed Succession: Goodbye Larry Summers -- And Good
Riddance
Eamonn Fingleton
For those of us who view the American
economy from abroad, one of the
biggest puzzles of recent years has been
President Obama’s reported wish
to appoint Larry Summers the next chairman
of the Federal Reserve. As
Mark Leibovich has pointed out in This Town, a
hilarious new book on the
Washington eco-system of show-boating, social
climbing, and financial
conflicts, the nation’s capital is noted for a
tendency for people to
“fail upward”: those who fail in one job suddenly
re-appear — often
within months — in a bigger job where they are unleashed
to do even more
damage. Even by Washington standards, however, the idea that
Summers had
any claim on the job of Fed chairman was straight out of Through
the
Looking Glass. Certainly had he got the job, it would have been the
ultimate proof of John Maynard Keynes’s cynical maxim that “worldly
wisdom teaches that it is better for reputation to fail conventionally
than to succeed unconventionally.” Thus it is heartening that Summers
has just announced he is withdrawing from the contest (albeit it took
three Democratic members of the Senate Banking Committee — Jon Tester,
Sherrod Brown, and Jeff Merkley — to stare him down). Summers’s decision
seems to render Fed vice chairwoman Janet Yellen a shoo-in for the top
job.
As Joseph Stiglitz has pointed out, few economists deserve more
blame
for the financial trainwreck of the last five years than Summers. In a
blog for the New York Times a few days ago, Stiglitz, who won the Nobel
prize for economics in 2001, commented: “As a Treasury Department
official during the Clinton administration, Mr. Summers supported
banking deregulation, including the repeal of the Glass-Steagall Act,
which was pivotal in America’s financial crisis. His great ‘achievement’
as secretary of the Treasury, from 1999 to 2001, was passage of the law
that ensured that derivatives would not be regulated — a decision that
helped blow up the financial markets.”
Stiglitz added: “Some of those
who were responsible for these key policy
mistakes have admitted the
fundamental ‘flaws’ in their analyses. Mr.
Summers, to my knowledge, has
not.”
Stiglitz has also pointed out that Summers’s record of egregious
error
goes back at least to the mid 1990s, when he encouraged East Asian
nations quickly to liberalize their capital markets, a development that
led straight to the Asian financial crisis.
To cap it all, Summers
has seemed far too close to the seamier side of
Wall Street. According to
Michelle Malkin, writing in the New York Post,
he received no less than
$135,000 for one speech from Goldman Sachs in
2008. He also made out like a
bandit from speakers’ fees from
JPMorganChase and Citigroup not to mention
such outright disaster zones
as Merrill Lynch (the crippled “thundering
herd” outfit that has had to
be ignominiously rescued by Bank of America )
and Lehman Brothers. As
reported by Clea Benson of Bloomberg , Summers’s net
worth as of 2009
was at least $17 million, more than 40 times the figure he
reported in
1999. What made the difference was Wall Street’s unerring
generosity
towards those public intellectuals whose ideas sell the American
public
interest down the river.
Am I being too harsh? Not at all.
Those of us who criticize Summers’s
record aren’t all merely wise after the
fact. A lot of people over the
years have insisted on comprehensive
financial regulation, not least the
architects of the 1930s Glass-Steagall
system, which kept the U.S. banks
out of trouble for four decades — the best
four decades in American
economic history. If you want to find contemporary
policymakers who have
understood all along the case for financial
regulation, you need go no
further than Canada, which did not follow the
United States down the
road to deregulation. In contrast with the repeated
crises which have
rocked U.S. finance for more than three decades, the
Canadians have been
rewarded with a consistently efficient, crisis-free
financial system. It
is a similar story in much of central and northern
Europe, where for the
most part financial regulators have maintained a firm
grip in the face
of constant exhortations from the United States and the
United Kingdom
to deregulate. In my own case, I ridiculed new financial
instruments in
In Praise of Hard Industries: Why Manufacturing, Not the
Information
Economy, Is the Key to Future Prosperity, a book published in
1999. The
heading for my chapter on finance said it all: “Finance: A Cuckoo
in the
Economy’s Nest.”
A final comment on Summers’s popularity on
the speaking circuit. To say
the least, it is a fair bet that Wall Street
would have been less
inclined to unload such largesse on him if he had a
record of advocating
prudent financial regulation.
(4) Martin Wolf
recommends Janet Yellen to head the Fed
We still live in Lehman's
shadow
By Martin Wolf
Financial Times, September 17,
2013
http://www.irishtimes.com/business/economy/living-in-the-shadow-of-lehman-1.1531038
[...]
It is high time that the White House nominated the next chair of
the Fed. It
needs to be someone who understands and believes in the only
policy
available.
It should, of course, be Janet Yellen, the current
vice-chair.
(5) Janet Yellen is Jewish too; is the Fed a Jewish
institution?
http://www.jewishpress.com/news/larry-summers-withdraws-from-consideration-to-head-fed/2013/09/16/
Larry
Summers Withdraws From Consideration to Head Fed
Summers removed his name
from consideration, but the new chair of the
Federal Reserve may still
incite anti-Semites to scream about Jews
controlling America's
finances.
By: Lori Lowenthal Marcus
Published: September 16th,
2013
Larry Summers has removed himself from consideration to become the
next
chairman of the Federal Reserve
Was it all the negative articles
in which the other front-runner for
Federal Reserve Chair, Janet L. Yellen,
was compared to Lawrence Summers
and Summers was found wanting? Was it that,
plus the snarky articles
pointing out that despite what some saw as Yellen's
superior
credentials, that Obama was intent on naming Summers to replace Ben
Bernanke as the head of the Federal Reserve? Was it the remaining
residue of sexism that plagued Summers when he was the president of
Harvard University that finally caught up with the politically correct
police guarding the gates in Washington?
According to the letter
Summers released following his telephone call to
the White House to inform
the president of his decision, he wanted the
job but recognized the
deleterious sideshow that would ensue were the
president to name the prickly
former secretary of the treasury.
But timing was probably the decisive
factor in Summers' withdrawal. Had
the president not just gone through a
bruising clash with the left wing
of his party over the potential use of
military force in Syria, which
followed on the revelations of this
administration's sanctioned
government snooping by the National Security
Agency, the president might
have pushed hard for his choice, and Summers
might have been willing to
take on whatever criticism would come his way in
a confirmation hearing.
But this summer's one-two NSA-Syria punch sucked out
all the air from
Summers' sails.
"I have reluctantly concluded that
any possible confirmation process for
me would be acrimonious and would not
serve the interest of the Federal
Reserve, the Administration or,
ultimately, the interests of the
nation's ongoing economic recovery," was
what the 58-year old Summers
wrote, according to an article posted to the
Wall Street Journal website
late Sunday afternoon.
The Federal
Reserve system, which sets monetary policy for the country,
is the central
banking system of the United States. The chairmanship of
the Fed will be
open after January 31, when the second term of the
current occupant, Ben
Bernanke, concludes. Bernanke did not wish to
continue for a third
term.
Mr. Obama accepted Summers' withdrawal, although it was widely
believed
that the former secretary of the treasury and president of Harvard
University was the president's first choice.
Obama described Summers
as "a critical member of my team as we faced
down the worst economic crisis
since the Great Depression, and it was in
no small part because of his
expertise, wisdom, and leadership that we
wrestled the economy back to
growth and made the kind of progress we are
seeing today."
While
Summers was the first Jewish president of Harvard University, he
would
hardly have been the first Jewish chairman of the Federal Reserve.
In
fact, while the chairman of the Fed has been a Jew for more than the
past 25
years, with Alan Greenspan at the helm from 1987 – 2006, and
then Bernanke
in the seat from 2006 until his term ends in early 2014,
there have been at
least three other chairmen who have been Jewish.
However, there has never
been a woman chair, and the likely choice now
for President Obama is Janet
Yellen.
Yellen, 67 years old, is currently the vice-chair of the Fed. She
is
also Jewish.
Is it likely the old anti-Semitic canards about Jews
running the global
financial market will start up again if Yellen is named?
No, because
they never stopped. Enter the words "Jew" and "Federal Reserve"
in a
search engine and be prepared to see lots of hysterical rants from
Jew-haters.
About the Author: Lori Lowenthal Marcus is the US
correspondent for The
Jewish Press. She is a recovered lawyer who previously
practiced First
Amendment law and taught in Philadelphia-area graduate and
law schools.
(6) Jews at the head of the Fed and World Bank - Mike
Stathis (2010)
{Update 2013: With the sacking of Dominique Strauss-Kahn
and the
retirement of Robert Zoellick, the IMF and the World Bank no longer
have
Jewish heads. Christine Lagarde is head of the IMF; a Korean-American,
Jim Yong Kim, now heads the World Bank - Peter M}
http://avaresearch.com/avanew/articles/661/Elements-of-the-Jewish-Global-Banking-Mafia.html
Elements
Of The Jewish Global Banking Mafia
Wednesday, December 15, 2010
by
{Mike} Stathis
I will be expanding this data over the next several
months. For now,
have a look. I have presented this information for you to
keep so that
he next time someone calls you an anti-Semite for saying Jews
run the
world's banking system, you can back up your claims with facts. I
will
be compiling similar data regarding the media, corporate America,
academia, Washington and other centers of Jewish power. In the 1944
Bretton Woods Conference, the World Bank and IMF were created. While
both are international organizations, they are headquartered in
Washington DC. The World Bank is led by Americans while the IMF is led
by Europeans.
World Bank is a Jewish-run international bank whose
stated purpose is to
assist developing nations in need of humanitarian
relief, with the
stated purpose of reducing poverty, although this serves as
a front for
its power-grab. Headquartered in Washington DC, the World Bank
is really
an extension of the Washington crime syndicate. Currently, the
World
Bank president is Robert B. Zoellick, a Jew and former Goldman Sachs
managing director, PNAC and CFR member, former Deputy Secretary of State
and US Trade Rese stpresentative)
Former World Bank
Presidents
Paul Wolfowitz 2005–2007 (JEWISH and former Deputy Secretary
of Defense,
spearheaded Iraq War with PNAC)
James Wolfensohn 1995–2005
(JEWISH and former Solomon Brothers
executive, founder of Wolfensohn &
Co)
Lewis T. Preston 1991–1995 (JEWISH and former president and CEO of JP
Morgan)
Barber Conable 1986–1991 (JEWISH and former congressman and US
senator)
Alden W. Clausen 1981–1986 (JEWISH and former president, chairman
and
CEO of Bank of America)
Robert McNamara 1968–1981 (not
Jewish)
George Woods 1963–1968 (JEWISH former First Boston Bank
Chairman)
Eugene R. Black, Sr. 1949–1963 (JEWISH and Former Chairman of the
Federal Reserve)
John J. McCloy 1947–1949 (not Jewish, but was very close
to Paul Warburg
and other Wall Street Jews)
Eugene Meyer 1946–1946
(JEWISH former owner of the Washington Post and
Chairman of the Federal
Reserve)
International Monetary Fund (IMF) is a Jewish -run bank designed
to take
over the political power and societal norms of nations in financial
distress. Although it claims to be an international fund, it is really
an extension of Washington. The current president of the IMF is
Dominique Strauss-Kahn, a Jew. {2010; since forced to resign}
Former
IMF Presidents
Rodrigo Rato 2004–2007
Horst Köhler 2000–2004
Michel
Camdessus 1987–2000 (?)
Jacques de Larosière 1978–1987 (?)
Johannes
Witteveen 1973–1978 (JEWISH)
Pierre-Paul Schweitzer 1963–1973 (JEWISH)
Per
Jacobsson 1956–1963 (JEWISH)
Ivar Rooth 1951–1956 (JEWISH)
Camille Gutt
1946–1951(JEWISH)
The Global Jewish Banking Cartel (Primary Shareholders
of the Federal
Reserve Bank)
Rothschild Bank of London – Jewish owned
and run
Rothschild Bank of Berlin - Jewish owned and run
Goldman Sachs
Bank of New York - Jewish owned and run
Kuhn Loeb Bank of New York - Jewish
owned and run
American Express - Jewish owned and run
Lazard Brothers Bank
of Paris - Jewish owned and run
Israel Moses Sieff Banks of Italy - Jewish
owned and run
Warburg Bank of Hamburg, Germany - Jewish owned and
run
Warburg Bank of Amsterdam - Jewish owned and run
Former Lehman
Brothers Bank of New York - Jewish owned and run
Chase Manhattan Bank -
Jewish owned and run
Former Bear Stearns - Jewish owned and run
"Give
me control of the money of a country and I care not who makes her
laws."
Meyer Rothschild
Wall Street was formerly controlled largely by the
Italian mafia decades
ago, although there was still a significant but less
conspicuous control
by Jews. Over the most recent decades, Italians have
been pushed out,
retired and replaced with Zionist Jewish
mafia.
Chairmen of the Federal Reserve Bank (Paul Warburg, JEWISH was
also a
huge force behind the Fed)
Charles S. Hamlin (August 10, 1914 –
August 10, 1916) JEWISH
William P. G. Harding (August 10, 1916 – August 9,
1922) JEWISH
Daniel R. Crissinger (May 1, 1923 – September 15, 1927)
JEWISH
Roy A. Young (October 4, 1927 – August 31, 1930) ?
Eugene I. Meyer
(September 16, 1930 – May 10, 1933) JEWISH
Eugene R. Black (May 19, 1933 –
August 15, 1934) JEWISH
Marriner S. Eccles (November 15, 1934 – February 3,
1948) not Jewish
Thomas B. McCabe (April 15, 1948 – April 2, 1951)
JEWISH
William McChesney Martin, Jr. (April 2, 1951 – February 1, 1970) not
Jewish
Arthur F. Burns (February 1, 1970 – January 31, 1978) JEWISH
G.
William Miller (March 8, 1978 – August 6, 1979) ?
Paul A. Volcker (August 6,
1979 – August 11, 1987) JEWISH
Alan Greenspan (August 11, 1987 – January 31,
2006) JEWISH
Ben S. Bernanke (February 1, 2006 – ) JEWISH
Federal
Reserve Board of Governors runs the Federal Reserve
Benjamin S. Bernanke,
Chairman - JEWISH
Donald L. Kohn – JEWISH
Kevin M. Warsh -
JEWISH
Randall S. Kroszner - JEWISH
Tarullo (recently replaced Frederic S.
Mishkin) – both JEWISH
Presidents of the 12 Federal Reserve District
Banks
Boston: Eric S. Rosengren - JEWISH
New York: Timothy F. Geithner
(now the Secretary of the Treasury for
Obama) - JEWISH
Philadelphia:
Charles I. Plosser - JEWISH
Richmond: Jeffrey M. Lacker - JEWISH
St.
Louis: James B. Bullard - JEWISH
Minneapolis: Gary H. Stern -
JEWISH
Kansas City: Thomas M. Hoenig - JEWISH
Dallas: Richard W. Fisher -
JEWISH
San Francisco: Janet L. Yellen (promoted to Board of Governors) -
JEWISH
Cleveland: Sandra Pianalto - non-Jew
Atlanta: Dennis P. Lockhart -
?
Chicago: Charles L. Evans - non-Jew
Among the 12 Federal Reserve
District Banks, the New York Federal
Reserve Bank is the one with all of the
power.
Directors of the Federal Reserve Regional Banks (as of
2010)
John F. Fish - JEWISH
Michael T. Wedge - JEWISH
William D.
Nordhaus – JEWISH
Kirk A. Sykes - JEWISH
Henri A. Termeer -
JEWISH
JEWISH Board of Directors of the Federal Reserve Regional
Banks
{visit the link to see the graphic}
"We will have a world
government whether you like it or not. The only
question is whether that
government will be achieved by conquest or
consent."
Jewish Banker
Paul Warburg, February 17, 1950, as he testified before
the U.S.
Senate.
Please notify us with any errors, with supporting
evidence.
(7) Mike Stathis worked for UBS and Bear Stearns
http://en.wikipedia.org/wiki/Mike_Stathis
Mike
Stathis is the chief investment strategist of AVA Investment
Analytics, a
financial research firm catering to financial
institutions.[1][2]
He
also serves as the managing principal of the venture capital firm
Apex
Venture Advisors.[3]
At the height of the financial crisis of 2008,
within days of the
seizure of Washington Mutual by the Office of Thrift
Supervision,
Stathis issued a formal complaint to the Securities and
Exchange
Commission, demonstrating evidence of insider trading. The
complaint
also alleged that Washington Mutual was not insolvent, and several
Wall
Street firms and hedge funds had conspired to short the stock. He also
stated that he spoke with a reporter from the Associated Press who told
him that he was contacted by a Washington Mutual executive hours before
the seizure, telling the reporter that it would happen for "political
reasons." In later criticisms, Stathis discussed that the neither the
FDIC nor OTS ever disclosed any evidence of Washington Mutual's
insolvency.[4]
Stathis stated that within a few weeks of submitting
his complaint, he
was visited by federal agents who held him in an
interrogation room for
questioning. As a result of this, Stathis stated that
he felt bullied
and did not release the SEC compliant into the public domain
until a
year later.[5][6]
Stathis has written extensively regarding
what he has documented as
corporate fascism in the United
States.[7][8][9]
Most of these publications can be found only on his
company website, but
several appear on Veterans Today.[10] He has also
written about
financial and accounting tactics used by Washington,[11]
written about
poverty,[12] Wall Street fraud, and focuses much of his
writings on
social justice.
He has attributed the nation's economic
decline primarily to the effects
of free trade and other aspects of
globalization, as well as the
nation's poorly-structured and "inefficient"
healthcare system.[13][14]
Stathis has written articles for the Iranian
state-owned Press TV.
Stathis has shown substantial basis for his views in
the role of the IMF
intentionally destroying the Greek economy, and he draws
upon IMF data
and the organization's own admission that Southeastern
European nations
began to experience significant economic difficulties
immediately
following their inclusion into the European Union.
He
anticipated the collapse of the United States housing market, the
financial
crisis, including the bailout of Fannie Mae and Freddie Mac,
the collapse of
the Dow Jones Industrial Average to approximately 6200,
and the collapse of
the global equities markets leading to a global
recession and depression in
the U.S. in his 2006 book, America's
Financial Apocalypse.
He has
stated extensively that he has been black-listed by the U.S.
media because
he speaks the truth about the fraud on Wall Street,
corporate America, and
the U.S. government. This began with the release
of his book, America's
Financial Apocalypse in 2006. The book was banned
by all U.S. publishers
despite the fact that it predicted nearly every
detail of the financial
crisis and economic collapse in advance. He has
been interviewed only on
rare occasion by a couple of mainstream media
journalists.[15]
Certain aricles fuel speculation that his views may
be anti-Semitic,
particularly an article titled "Jewish Mafia Tied to Death
of America"
where he is quoted as writing: "There is but one solution. The
root
cause of this cancer must be extracted. This would be the Jewish Mafia.
The objectives of the Jewish Mafia include both Zionist and non-Zionist
elements. Their main goal is to extract all wealth from every nation and
seize complete control of the entire world. Until Americans come to
acknowledge the role of the Jewish Mafia in the subversion of their
nation, they will remain enslaved indefinitely. The same applies to
Canada, Australia and all of Europe." [16]
He has appeared on the
Thom Hartmann Show,[17] Financial Sense,[18] and
the Jerry Doyle
Show.
In July 2008, when interviewed by CNN, he was quoted as saying that
Fannie Mae and Freddie Mac held "$1.4 trillion on their books."
[19]
His Press TV biography indicates that he holds an MSc in Biological
Chemistry and Biophysics from the University of Pennsylvania and was a
National Science Foundation research fellow at UC Berkeley.[20]
He
previously worked for UBS and Bear Stearns in asset management and
merchant
banking. where he dealt with institutional investors, including
corporate
treasury departments and pension funds. His investment
expertise spans
several industries, but his technology focus in both the
public and private
markets is healthcare (including healthcare IT) and
biopharma.[21]
Published books [edit source]
America's
Healthcare Solution. 2010. ISBN 978-0-9822579-0-6
The Wall Street
Investment Bible. 2009. ISBN 978-0-9755776-9-1
America's Financial
Apocalypse: How to Profit from the Next Great
Depression. Condensed Edition.
January 2008. ISBN 978-0-9755776-7-7
Cashing in on the Real Estate
Bubble. 2007. ISBN 978-0-9755776-8-4
America's Financial Apocalypse:
How to Profit from the Next Great
Depression. 2006. ISBN
978-0-9755776-5-3
The Startup Company Bible for Entrepreneurs. 2005.
ISBN 0-9755776-0-3
References [edit source]
1.^ http://www.avaresearch.com
2.^ http://seekingalpha.com/author/mike-stathis
3.^
http://www.apexva.com
4.^
http://www.avaresearch.com/ava-main-website/files/20090930175434.pdf?page=files/20090930175434.pdf
5.^
http://avaresearch.com/avanew/articles/391/WaMu-One-Year-Later-and-Still-No-Indictments.html
6.^
http://avaresearch.com/avanew/articles/404/WaMu-Insider-Trading-%5E-Naked-Short-Selling.html
7.^
http://www.presstv.ir/detail/2012/08/24/257948/us-elites-feast-on-record-profits.html
8.^
http://www.presstv.ir/detail/2012/09/11/260933/america-dread-remains-of-a-dream.html
9.^
http://www.presstv.ir/detail/2012/11/07/270940/free-trade-boosts-corporate-profits.html
10.^ http://www.veteranstoday.com/author/stathis.html
11.^
http://www.veteranstoday.com/2011/06/14/how-washington-manipulates-economic-data-trick-1-hedonic-pricing.html
12.^
http://www.veteranstoday.com/2011/06/11/poverty-in-america-the-big-picture.htlm
13.^
http://www.veteranstoday.com/2011/05/24/america-healthcare-solution.html
14.^
http://www.veteranstoday.com/2011/05/29/the-hidden-danger-of-vermonts-universal-healthcare-plan.html
15.^ http://www.avaresearch.com/article_details-341.html
16.^
http://www.presstv.com/detail/2013/01/03/281521/jewish-mafia-tied-to-death-of-america
17.^ http://www.thomhartmann.com/blog/2008/11/november-10-2008-show-notes
18.^
http://www.financialsense.com/Experts/2007/Stathis.html
19.^
http://money.cnn.com/2008/07/11/news/economy/fannie_freddie.fortune/index.htm
20.^ http://www.presstv.ir/Contributors/249184.html
21.^
http://www.avaresearch.com/avanew/pages/3/AVA-Investment-Analytics.html
This
page was last modified on 13 May 2013 at 19:24.
(8) Virtually every top
economic position in Washington is headed by a
Jewish person - Mike Stathis
(2010)
http://avaresearch.com/avanew/articles/664/Obama-Puppet-of-the-Jewish-Mafia-Part-1.html
Obama,
Puppet Of The Jewish Mafia (Part 1)
Monday, December 20, 2010
by
{Mike} Stathis
[...] After facing intense pressure to axe his entire
economic team due
to their strong ties with Wall Street and the Federal
Reserve, Obama's
advisers basically opened the door for Larry Summers'
departure.
Obama has narrowed down his choices to replace Zionist Jew and
Wall
Street insider, Larry Summers as the next Director of the National
Economic Council. Let's take a look at Obama's remaining
candidates.
First, we have Zionist Jew Richard Levine, currently serving
as Yale's
president, a position he has held since 1993. Levine has spent
most of
his life in academics. As an academic economist, Levine brings no
real
business sense to the table.
Next, there's Zionist Jew Gene
Sperling, a Washington insider. Sperling
previously served as deputy
director of the National Economic Council
headed by Robert Rubin under
Clinton's first term. In Clinton's second
term Sperling served as Treasury
Secretary and director of National
Economic Council. Thus, Sperling has
experience under the regime that
removed the most critical portion of the
Glass-Steagall Act, spearheaded
by Robert Ruben, Larry Summers, Alan
Greenspan and Phil Gramm.
In addition, as a member of the Council on
Foreign Relations and current
advisor to Secretary of Treasury Tim Geithner,
Sperling brings the kind
of leadership to ensure criminal activity by Wall
Street, the Federal
Reserve and the elite scum.
Obama's final
candidate for NEC Director is Zionist Jew Roger Altman,
founder and head of
Evercore Partners. Most recently, Evercore advised
General Motors in its
bankruptcy reorganization plan, charging a total
of nearly $70 million;
funds that came from tax payers. Many experts
have called these fees absurd.
But what does it matter? It wasn't GM's
money to hand out. It was
yours.
Altman was previously the Assistant Secretary of the U.S. Treasury
under
President Carter, Deputy Secretary of the Treasury under President
Clinton, an executive at Lehman Brothers, and Vice Chairman of the
Blackstone Group, making him a career politician and indisputable Wall
Street vulture.
Adding to his candidacy for a top position in
America's fascist regime
is Altman's membership in the Council on Foreign
Relations and his
attendance at the Bilderberg Group.
So there we
have it. Regardless who is selected, it will be just another
lose-lose
situation for the American people. Perhaps if Obama opened his
platform to
non-Jewish candidates, he might be able to receive some
guidance that
actually benefits working-class Americans instead of
corporate oligarchs and
Wall Street scum.
But this is not possible due to the tremendous power
held by AIPAC and
some 300 Israeli lobbies, all of which have bought off
Washington. For
if Obama does not abide by AIPAC's demands, similar to all
other
politicians, he will face the wrath of this, the most powerful lobby
in
the U.S. This is a fate no politician would wish on his worst
enemy.
Many Americans want to see U.S. Treasury Secretary Tim Geithner
replaced
as well due to his close ties to the Federal Reserve Bank. However,
you
can bet that if Geithner were to leave, another Jew (most likely
Zionist) would be selected according to the demands of AIPAC.
A few
months ago, Jewish economist Peter Orszag (I do not think he is a
Zionist)
abruptly resigned as Director of the Office of Management and
Budget.
Previously, Orszag served several economic positions under
Clinton, then
Director of the Congressional Budget Office. Immediately
upon leaving the
White House, Orszag joined the CFR as a distinguished
visiting
fellow.
Recently, he joined Citigroup's Senior Strategic Advisory Group,
where
his estimated compensation is expected to be around $3 million
annually
despite the fact that he has no real experience in this area.
Orszag
follows the long tradition of departing office via the revolving door
between Washington and corporate America.
How can Americans ever
expect to have any confidence in Washington when
they are rewarded with
fortunes by those they are supposed to police
when they leave office? The
examples of this activity are endless.
So who did Obama replace Orszag
with? Take a guess.
Jacob Lew, a Zionist Jew. Lew previously served as
Special Assistant to
the President under Clinton, several positions in the
OMB including
Director under Clinton.
Prior to being selected as the
new head of the OMB, Lew served as the
Deputy Secretary of State and
Management of Resources under Obama. Like
so many of Obama's Jewish Cabinet,
Lew is a Wall Street insider, having
served as the COO of Citigroup's
Alternative investments unit in 2006.
Something smells fishy
here.
What that means is that Lew quite possibly (alternative investments
may
or may not include exotic derivatives such as those that helped implode
Citigroup) had a role in the destruction of the bank, costing tax payers
billions of dollars.
What about the Congressional Budget Office. Care
to guess who heads this
important economic position?
The Director of
the CBO is Douglas W. Elmendorf, another Jew.
If it seems like virtually
every top economic position in Washington is
headed by a Jewish person
that's because it is. With no more than 2% of
the U.S. population, Jews are
overrepresented by anywhere from 15 to up
to 50 times in key industries and
the federal government, Wall Street
and the Federal Reserve Bank, to the
media, Hollywood, corporate America
and the legal system.
But that's
certainly not all. We see similar levels of
overrepresentation in some of
America's top universities. That's what
you call some major networking not
even rivaled by the most corrupt
dictatorships.
As you might imagine,
with this level of control over the U.S., Israel
receives more financial aid
from America than the rest of the world
combined. In essence, tax payers are
funding the ethnic cleansing of
Israel. Ironically, while millions of
Americans have lost their homes
due to the collapse caused by Wall Street
and the Federal Reserve,
Israeli homeownership is being subsidized in the
West Bank with U.S. tax
dollars.
But a good part of this U.S. aid to
Israel is shuttled back to AIPAC,
enabling it to purchase even the most
reluctant politicians. Thus, your
tax dollars are being spent buying off
Washington in order to support
Jewish appointments and to pass laws
favorable to Israel.
And of course we cannot forget about Wall Street
because this is the
primary source that feeds the Zionist mafia. Wall Street
is able to buy
off Washington, ensuring that it is able to continue ripping
off
investors. And we all know who most of the big Wall Street players
are.
Everywhere you turn in the U.S. you will see Jewish individuals
(most of
them Zionists) in top positions. This is by neither coincidence nor
merit-based. It's due to the tight network of power and money utilized
by the Zionist Jewish mafia.
And we cannot forget about the kosher
tax on food items, which brings in
an estimated $10 to $15 billion dollars
worldwide each year to Jewish
Rabbis. Amazingly, with more than 42 million
Americans on food stamps,
this unfair tax has never been questioned by
anyone in Washington or the
Zionist-controlled media.
In Part 2, I
will present to you some other important positions held by
Jews and
appointed by Obama's Jewish handlers. Thereafter, you should
have no doubt
whatsoever who runs Washington.
(9) More of Obama's Jewish appointees -
Mike Stathis (2010)
http://avaresearch.com/avanew/articles/665/Obama-Puppet-of-the-Jewish-Mafia-Part-2.html
Obama,
Puppet Of The Jewish Mafia (Part 2)
Tuesday, December 21, 2010
by
{Mike} Stathis
I continue where I left off from Part 1.
So let's
have a look at more of Obama's Jewish appointees.
David Axelrod – Special
Adviser to the President; Axelrod, a Zionist Jew
serves as Obama's political
strategist. He is also very well connected
in the business and political
area, as well as within the big Jewish
money in Chicago such as the large
Pritzker family of billionaires.
Jared Bernstein – Chief Economist and
Economic Policy Adviser to the
Vice President. Bernstein comes from the
Jewish-led right-wing think
tank, the Economic Policy Institute. Although
the EPI claims it is
non-partisan, the facts arguably reveal a different
story. The EPI has
been known for its research into the economic impacts of
free trade.
However, ever since Bernstein moved to the White House, the EPI
has
stayed clear of the subject.
Rahm Emanuel - White House Chief of
Staff; son of a Zionist terrorist;
dual-citizen of Israel and America. Yet,
when it came time for serving
his nation, Emanuel didn't join the U.S.
military during the Gulf War.
He served in served in Israel's military.
Similar to most U.S.-Israeli
dual citizens, it's clear that Emanuel's top
loyalty is with Israel. I
consider such a mentality to present a threat to
U.S. national security.
Prior to entering Washington, Emanuel utilized
Jewish Mafioso networking
to secure a lucrative job at an investment bank,
although he had no
prior experience in business. But that didn't matter
because he was
Jewish. And if you are Jewish and you work on Wall Street,
you will make
a huge sum of money. Emanuel lived up to this reputation,
pulling in
over $15 million in less than 3 years at the firm.
While
serving in Congress, Emanuel was the top House recipient of
donations from
Wall Street, hedge funds, private equity fund, banks, and
the overall
financial industry during the 2008 election cycle, all while
the financial
crisis was collapsing. It looks like Wall Street knows
where its money is
best-spent.
Tim Geithner – Treasury Secretary and formerly President of
the New York
Fed (which is by far the most powerful and influential branch
of the
Fed). But you shouldn't assume that he is a winner just because he
holds
a high office. Most individuals in the U.S. in positions of power got
there because they have done the right things for the wrong people. This
applies to the private sector as much as in the public. Geithner was one
of the key architects of the Bear Stearns giveaway to JP Morgan, as well
as TARP. Like virtually all of Obama's appointees, Geithner has been a
complete disaster and has been a total failure at every position he has
served.
Mary Schapiro – Chair of the Securities and Exchange
Commission;
Schapiro was Chairman of the Financial Industry Regulatory
Authority
since 2007. As a reward for her role in negligence resulting in
the
global economic collapse, Schapiro was appointed to head the SEC by
Obama. Despite the PR campaign rolled out by the SEC since missing the
Madoff Ponzi scheme, I can assure you there will be no change from this
criminal organization. It's all hot air. I know this from personal
experience.
Schapiro is no more than a career politician, having
served in every
Presidential administration since Reagan. But she is also a
former
executive for Duke Energy and Kraft Foods, introducing additional
conflict of interest. As an exercise, you might want to examine the
Board of Directors of each of these companies and count how many members
are Jewish.
If you've often wondered why it is that Wall Street and
commercial banks
get away with so much fraud, you might want to ask yourself
why it is
that Jews are so often appointed the role of regulating Wall
Street and
the banks. You don't think that the powerful Jewish networking
and
comradery plays a role in this?
I'd like to point to the case of
Bernie Madoff as a recent example. We
can also examine the fate of junk bond
king and insider trading crook
from the Savings and Loan scandal, Michael
Milken. In addition to the
SEC, more important, Milken had the help of his
colleagues in the
Department of Justice. Perhaps this is why he only spend a
couple of
years in club fed, and reentered the free world with hundreds of
millions of dollars.
Below is a list of SEC chairmen and
commissioners during the time period
that Milken committed securities fraud
and was investigated thereafter.
Surprise, surprise, virtually every top SEC
official during that period
is Jewish. Notably, Mary Shapiro was an SEC
commissioner at the time of
Milken's investigation. Is everything beginning
to make sense now?
{visit the link to see the rest}
(10)
Jewish Mafia tied to death of America, by Mike Stathis (2013)
http://www.presstv.com/detail/2013/01/03/281521/jewish%2Dmafia%2Dtied%2Dto%2Ddeath%2Dof%2Damerica/
Thursday
Sep 05, 2013 12:08 PM GMT
Jewish Mafia tied to death of
America
Thu Jan 3, 2013 11:20AM
By Mike
Stathis
{photo}
A 21-year-old American looks for food in a garbage can
on October 11,
2012 in Camden, New Jersey, US.
{end photo}
The
United States has endured many challenges since having reached its
economic
peak several decades ago. The wealth generated during the 1940s
and 1950s
carried the nation through several economic downturns. By the
1970s, much of
this excess wealth had been depleted.
As America's economic decline was
becoming more apparent, the nation's
ruling class convinced Washington
officials to introduce a series of
levers designed to reduce or even reverse
the decline. I have discussed
each of these levers in previous
articles.
The first lever introduced was the petrodollar in the early
1970s. The
next was free trade. This economic pillar of globalization was
advocated
in the 1980s, but was not pushed through Congress until the early
1990s.
Since then, it has spread throughout much of the world.
The
final lever was the creation of numerous asset bubbles by the
Federal
Reserve Bank and Wall Street, both run by the Jewish Mafia. The
Fed's
ability to create these bubbles is based largely on the financial
attributes
of the petrodollar.
Irrespective of these gimmicks, the United States
currently finds itself
in a depression. This depression is in many ways more
severe and will be
more difficult to escape than that seen during the 1930s.
I have written
several articles in support of these claims.
While
things might begin to look better in a few years, the United
States is
likely to proceed through its socioeconomic decline until the
American
Empire has been dissolved. Certainly there will be many
additional attempts
to resurrect this empire. More wars will be fought,
more oil will be taken
from abroad, and more asset bubbles will be
created. But these tricks will
only delay, not prevent the continued
decline of the United States. The
winding down process is likely to take
several decades. In exchange for
these delays, the total damage will be
more severe.
America's Second
Great Depression was triggered by massive Wall Street
fraud involving
trillions of dollars of grossly overvalued real estate
securities. Many of
these securities were not worth the paper they were
printed on, but were
marketed to institutional investors as "safe
investments." When the house of
cards collapsed, an unprecedented
financial crisis engulfed the entire
world. These predictions were
detailed in America's Financial Apocalypse,
two years before the
financial crisis.
Hundreds of millions of people
from around the world suffered the
greatest financial loss of their lives as
a result of the widespread
fraud perpetrated by the Jewish Mafia. Tens of
millions of jobs and
homes were lost, while trillions of dollars were stolen
from pensions,
IRAs and other retirement accounts. Now we see entire nations
in Europe
being raped by the Jewish Mafia.
There were no bailouts for
the victims of this heist, but the banks were
bailed out. The bankers,
mortgage brokers and everyone else behind the
scam retained the profits
extracted as a result of fraud. Incompetent
pension fund managers using
other peoples' money bought these toxic
assets. They had a legally-binding
fiduciary responsibility to act with
prudence but failed to do so. Yet, they
kept their jobs after making
these irresponsible and poorly thought-out
investments.
And still, not a single one of the thousands of criminals
responsible
for this colossal charade is in prison. This highlights the
sheer power
of the Jewish Mafia. Perhaps even worse is that the scams
continue to
this day. Unfortunately, the Jewish Mafia will continue to
defraud Main
Street indefinitely because nothing has been done to prevent
securities
fraud. In fact, the moral hazard has been strengthened due to the
absence of criminal prosecution.
Rather than serving as the root
cause of America's Second Great
Depression, the financial crisis merely
revealed the true face of an
economy that had been in gradual decline for
many years. As detailed in
America's Financial Apocalypse, America's three
decade-long period of
declining living standards has been masked by three
principle forces;
the shift from one- to two-income households; rapid growth
of consumer
credit; and the influx of illegal aliens. But these economic
crutches
have resulted in devastating societal consequences.
Let's
have a brief look at America's Golden Era, and then contrast it
with what we
see in the United States today.
America's Golden Era
During the
early part of the 20th century the United States was
challenging the United
Kingdom for the title of the leading economic
superpower. The US was able to
ascend to this position rather quickly
due to its vast supply of untapped
natural resources and budding
entrepreneurial spirit that emerged from this
relatively new nation.
By the 1940s, the United States had established
itself as the preeminent
superpower. The nation exited the war with the
world's most dominant
military. And it proved to the world that it was the
leader in
innovation and manufacturing.
The post-war period was very
prosperous for the United States. By the
1950s, it was difficult to find
goods that were not "Made in the USA."
Everyone from around the world lined
up for American-made products. They
were the best in quality, design and
durability. Of course the United
States did not face much competition at the
time since most of the world
remained in shambles from World War II.
Nevertheless, this period of
tremendous economic growth enabled America to
pay off its enormous
wartime debt and amass a huge level of
wealth.
America's dominant manufacturing sector gave rise to job security
and
generous benefits because it produced goods demanded by the world. This
led to large annual trade surpluses which added to the nation's wealth.
This made Americans strong consumers.
During America's Golden Era
consumers were not owned by banks. They did
not rely on credit cards. In
fact, credit cards were quite rare at the
time. Americans typically bought
only what they could pay for in cash.
This was possible because the majority
of jobs paid living wages. Other
times they used layaway plans. These
installment plans had no interest
payments and kept consumers out of
debt.
There was no need for financial trickery and credit bubbles during
America's Golden Era. America's export trade was very strong and good
jobs were plentiful. This was a time when the United States was also the
world's largest creditor and the world's largest exporter of crude oil.
It was a nation whereby production exceeded consumption.
During the
Golden Era, Americans could actually afford medical care.
There were no
medical bankruptcies because the nation's
medical-industrial complex was in
its infancy and had not yet formed
strong partnerships up with Wall
Street.
The societal elements during America's Golden Era were also on
more
solid ground. The family unit was strong. Americans had a sense of who
they were and where they came from. The United States permitted
immigration but made sure to emphasize and preserve the cultural, racial
and ethnic origins of the country. By no means was America perfect
during its Golden Era. There were racial, gender and economic
inequalities. And the Banking Cartel was working with the corporate
infrastructure to seize complete control over the nation. But overall,
it was a great time to live in America.
Modern America
There
have been numerous radical changes in the United States since
having reached
the end of its Golden Era. By the late-1960s, several
changes had already
taken place that would determine much of the
nation's forward
trajectory.
Today, multiculturalism, feminism, gay and lesbianism,
affirmative
action and political correctness have overwhelmed America. The
result of
this war on US society has been socioeconomic decay, gender
confusion
and the breakdown of the family unit. The Jewish Mafia's
media-entertainment complex has been the primary weapon utilized in this
socioeconomic war against America.
The masses have been coerced by
various means to accept dangerous ideals
which threaten the nation. For
decades, the Jewish Mafia has been
reengineering the nation's institutional
infrastructure in order to wage
a political and economic war exclusively
against Americans of White,
Christian, European ancestry. Black pride,
Mexican pride and Asian pride
are emphasized and encouraged in the school
system. In contrast, White
Americans are discouraged from developing a sense
of pride and
self-worth. Under the rule of the Jewish Mafia, America's
educational
establishment is now teaching students that race does not
exist.
The truth is being stifled through a variety of mechanisms such as
defamation, hate speech and public intimidation. Children are
indoctrinated with various ideals from within the political correctness
agenda, from pre-school through college. Thereafter, this brainwashing
continues throughout their lives in both the public and private sector.
These ideals and behaviors are being introduced and reinforced by the
Jewish-run media-entertainment complex on a daily basis.
The United
States has exhibited numerous hallmark signs of a nation in
crisis for many
years. But Washington refuses to acknowledge the crisis
because Americans
would eventually come to realize the source of the
problems.
American
females are having a more difficult time finding husbands
because they have
been told that they should focus on preparing for and
establishing a career
before forming a family. As a result, many females
who spent their early
years focusing on their career are finding it
difficult to find a suitable
partner for marriage.
Married couples no longer remain married in
America. The previous legal
hurdles required to obtain a divorce have been
removed. And divorce has
been made socially acceptable. As a result, the
nation's divorce rate is
very troubling and embarrassing. Again, this has
been the work of the
Jewish Mafia through its support of feminism and the
reengineering of
gender roles. And they have used their control over the
nation's
educational system and media to anchor destructive ideas into the
minds
of females young and old.
The spread of trash TV, hip-hop and
rap "music" has glamourized
immorality, filthy and disrespectful behaviors,
pornography, low
self-esteem and violence. As a result of this propaganda
tsunami,
teenage girls think it's "cool" to be known as "whores" and
"sluts."
They take nude pictures and post them online. They film themselves
having sex and upload the videos onto the Internet.
These behaviors
are being reinforced by the Jewish Mafia's
media-entertainment complex on a
daily basis. Sadly, American parents
are not demanding an end to this media
filth and corruption of their
children. Instead, they too are soaking up the
same filth. As a result,
America has relinquished its moral, ethnic and
cultural foundations at
the hands of the Jewish Mafia.
The level of
violence and inhumanity in America continues to reach new
heights. New born
babies are left in garbage dumps, parents are
murdering their infants, teens
are killing teens, as well as their
parents. Metal detectors are found in
most inner city public schools
serving as a daily reminder of America's
degeneracy.
The economic decay of the nation mirrors its societal decay.
Today, the
United States is the world's largest debtor and the world's
largest
importer of oil. It's also the world's largest exporter of jobs.
Other
countries stop at nothing to achieve domestic job growth. But in the
United States, corporate profits dictate economic and trade policy. This
is precisely what one would expect from a nation governed by corporate
fascism.
As a result of the uncompromising quest for optimal
corporate profits,
job security is a relic from past generations. Today,
corporate America
continuously seeks out nations offering the best pool of
slave labor
acting under the auspices of so-called free
trade.
Meanwhile, in the name of "capitalism," buyout firms search for
the next
corporate takeover so they can gut employee pensions and slash
wages in
order to make huge profits selling off a "leaner, more
efficiently-run"
business. This is just one of many methods of extortion
taught in
American business schools.
Largely as the result of
neoliberalism, the America of today is in stark
contrast to what was once
viewed as the envy of the world. Free trade,
open markets and deregulation
were marketed to the people as a means by
which to achieve better jobs and
higher living standards. This was yet
another lie created to enhance the
corporate state. In reality, the
private sector has been enriched at the
expense of workers and tax
payers. In the past decade alone, millions of
American jobs have been
sent overseas in the name of corporate
profits.
Today, much of what is made comes from Asia, from personal
computers and
furniture, to tennis shoes and building materials. While
living
standards in Southeast Asia and Latin America continue to rise each
day,
living standards of the working- and middle-class in the United States
continue to fall. At the same time, the living standards of America's
wealthiest 5% continue to rise.
The costs of medical care in the
United States are astronomical. And if
you are unable to pay your bill, you
could end up in jail. Even
veterinarians now charge enormous fees for
routine services.
With the nation's healthcare system now under siege by
Wall Street, one
million Americans file for medical bankruptcy every year.
Perhaps even
more striking is that most of those who filed for medical
bankruptcy had
full health insurance. This fact alone demonstrates the
inadequacy of
America's medical insurance system, which resembles an
overpriced
pre-paid medical plan. In contrast, illegal aliens are provided
with
free medical services funded by US tax payers, many of which who cannot
afford medical insurance.
The Wall Street business model has
adversely impacted every aspect of
medical care in the United States.
America now has the most inefficient
healthcare system in the world. It also
leads the world in medical
errors and fatalities due to
negligence.
For more than three decades America has been a nation of
excessive
consumption that relies on credit. In order to maintain their
living
standards, most Americans have blindly accepted the gimmicks designed
by
the nation's criminal banking system. With the assistance of the
media-entertainment complex, Americans have been transformed into
impulsive consumers. Many end up as hoarders of junk. And they struggle
with a mountain of debt for much of their lives.
The dumbing down of
the American public has taken place primarily to
fuel the profits of
corporate America. But it has also occurred as a way
to keep the population
controlled and distracted, so the criminal
activities and exploitation at
the hands of officials and their
corporate partners continues
unabated.
The nation's most dominant corporations from every key sector have
formed illegal partnerships with Washington. These corporate giants do
the bidding for Washington cronies in exchange for tax breaks and
industry subsidies so that wealthy shareholders are rewarded handsomely.
This revolving door is filled with bribes, fraud and countless other
criminal activities.
- Telecommunications: AT&T and Verizon
(government spying);
- Oil Exploration & Production: Exxon-Mobil and
Chevron (feeding
business and war engines, environmental destruction and
massive fraud);
- Oil Services: Schlumberger, Halliburton and Baker
Hughes
(military-industrial complex, environmental destruction and massive
fraud);
- Information Technology: Microsoft and IBM (government
spying);
- Digital Media: Apple, Google, Facebook and Yahoo (government
spying
and manipulation of the public);
- Traditional Media:
Time-Warner, News Corp., Comcast and New York Times
(manipulation of the
public, social reengineering and massive fraud);
- Pharmaceuticals:
Johnson & Johnson, Merck, Pfizer and Eli Lilly (mind
control and massive
fraud);
- Defense: Lockheed-Martin, Boeing and General Dynamics
(military-industrial complex and massive fraud);
- Food &
Beverages: McDonalds, Yum Brands, Coca-Cola, Pepsi, Monsanto
(control and
manipulation of the global food supply);
- Banking: JP Morgan, Wells
Fargo, Bank of America, Goldman Sachs
(control of commerce, money laundering
and massive fraud);
Role of the Education System
America's
educational system has served an important role in
brainwashing the
population through media censorship and revisionist
history. As it stands
today, the nation's K-12 educational system has
reached the point of
diminishing returns. Instead of preparing the youth
for the New Economy, the
educational system serves as their first point
of
indoctrination.
Children learn one way or another that they must do as
they are told but
never raise questions. If they question the official
version of history,
their parents are told their children have a mental or
personality
disorder, and they are sent to psychiatrists. If these children
seem
rebellious or are unwilling to accept the mandates of political
correctness, they are medicated with amphetamines and other toxic
"medications," such as Lithium, Zyprexa or Prozac, which over time
transforms them into virtual zombies.
The nation's massive public
education system also provides a source of
jobs for administrators and other
bureaucrats who keep the system in
chaos. Many of these individuals are
incompetent, and would have a
difficult time finding a job in the private
sector. I call these welfare
jobs because they are funded by tax payers, and
most are not needed.
Finally, most of the recipients of these jobs are
effectively
unemployable outside of the public sector.
You don't need
a quality educational system when you can hire workers in
China and India
for 80% less than what you would pay to get the same
work done in the United
States. In fact, when you are running a fascist
regime it is to your
disadvantage to educate the population because a
nation of educated citizens
is more difficult to control.
The real purpose of the US educational
system is to keep the population
dumbed down, deluded and docile. This makes
it much easier for the
masses to accept mandates set forth by the
establishment, such as
political correctness, affirmative action, feminism,
homosexuality and
other themes intended to weaken gender identity,
individuality, the
family unit and the entire society.
A dumbed down
population can also be fooled into thinking they have a
real democracy,
individual freedoms and liberties. If they believe these
illusions to be
reality, they will never attempt to tear down their
fascist
government.
Even when the people feel their freedoms and liberties are
being
threatened, the establishment always has hero that it sends to
"rescue"
the people so that they will continue to support the fascist
political
regime instead of tearing it down. Ron Paul serves as an excellent
example of this controlled opposition scheme.
Preparing for Free
Trade
Once America's shadow government sensed the commencement of the
nation's
decline, they ramped up plans to introduce neoliberal economics to
the
people. This philosophy was largely compatible with the economic pillar
of globalization, so it gained widespread support from officials in the
Zionist-controlled Western world. In the first stage, the concept of
free trade was pitched to the American people with the promise of more
jobs and higher living standards.
The early architects of free trade
introduced several welfare programs
in order to smooth out the transition.
For instance, President Lyndon B.
Johnson's "Great Society" significantly
expanded upon the nation's
welfare state with the launch of Medicare,
Medicaid, expansion of Social
Security, the food stamp program, formation of
Freddie Mac and other
housing subsidies, community action funds, educational
and related
funding such as Head Start, and several other
programs.
Johnson's Great Society was a contemporary version of President
Franklin
Delano Roosevelt's New Deal. Each served as a Trojan horse to the
American people. But the Great Society was more focused on selling the
idea of expanding the nation's welfare state as a perceived means to
combat poverty and racial injustice.
By and large, the welfare
programs introduced by Johnson would serve two
main objectives. First, they
would add enormous government subsidies to
corporations, thereby
strengthening the rise of fascism within America.
Second, tens of millions
of Americans who might otherwise stand up and
revolt against fascist
elements of the US government would be pacified
by these handouts. While
FDR's New Deal had the same objectives,
Johnson's welfare program was
executed on a more grandiose scale.
Consequences of Free
Trade
Shortly after America's welfare state had been fortified, the
corporate
state was strengthened further. Free trade was marketed to
American
voters in the late 1980s under Reagan and pushed into law under
Clinton.
Although it promised better living standards, free trade has
largely
been responsible for the widening wealth and income gap between
America's wealthy and working class. The real winner of free trade has
been corporate giants and their wealthy shareholders.
Free trade has
been a complete economic disaster. It has cost Americans
millions of good
jobs. It has led to the disposition of a substantial
amount of critically
important US assets and intellectual property. It
has lowered the
competitive stance of the US economy. It has diminished
the scientific
research capabilities of the US. It has wasted enormous
amounts of human
capital. It has led to misappropriation of tax payer
funds. It has lowered
the quality of manufactured goods which increases
the average lifetime cost
of durable goods per consumer.
Finally and perhaps most important of all,
free trade has stripped away
the political and economic autonomy of the
United States. But it has
achieved its real objective; delivering excessive
profits to shareholders.
Prior to the introduction of free trade,
engineers and scientists were
highly valued professionals. Today the US
economy is pushing these
professionals out of their traditional roles as
creators and innovators
of new products and novel ideas. With few
alternatives, many scientists
have defected for lucrative careers on Wall
Street. There, they help
investment firms and hedge funds scalp assets from
investors. This
represents a tremendous loss of human productivity and adds
to the
criminality of the nation's financial system.
America's modern
day mafia recruits Ph.Ds in physics, chemistry,
engineering and math.
Instead of guns and bullets, they are armed with
complex algorithms and
computer programs specifically designed to extort
money from stock, bond,
foreign currency and commodity markets, robbing
the retirement and wealth of
millions of people.
This massive fraud occurs on a daily basis, yet goes
largely undetected.
On the rare occasion when securities fraud is detected,
a low-level
scapegoat most often takes the blame. Meanwhile, the real
criminals get
away and the entire criminal operation is permitted to
continue.
America's New Industries
Prior to free trade, the fruits
of the nation's productivity were being
more evenly distributed to workers,
executives and shareholders. As a
result, the United States offered an ample
supply of good, secure jobs
with generous employee benefits. These jobs were
funded by strong export
trade, which also fueled domestic demand. Today, the
vast majority of
wealth gained from the nation's productivity is funneled to
corporate
executives and shareholders.
Numerous changes in economic
policy over the past several decades have
done much to transform the nation
into a two-class society. In exchange
for its former manufacturing base, the
United States is now home to an
army of valets, who will park your car when
you go to a restaurant, mall
or hospital; fitness trainers who will help you
lose weight or stay in
shape; massage therapists who have added to the
nation's healthcare
bubble; landscapers, who will tend to your lawn;
personal chefs,
nannies, maids and pet sitters/handlers.
These
occupations don't offer job security. And they certainly don't
provide
employee benefits. But these are among the more legitimate
careers in the
United States. Many of these occupations are also found
in third world
nations. Such economies are focused on domestic labor for
criminals,
otherwise known as the "wealthy elite." The vast majority of
these
individuals obtained their wealth through bribery, theft and
extortion.
The "land of opportunity" is also home to a countless
number of life
coaches, money gurus, investment gurus, relationship gurus,
real estate
gurus, and dozens of other designations used by con men and
women who
target the large and growing population of desperate
Americans.
I suppose the definition of "opportunity" depends on one's
frame of
reference and moral compass, or lack thereof. Regardless, these
charlatans could not achieve such a high level of penetration into
millions of households without the assistance of the media-entertainment
complex.
Finally, the labor dedicated to these occupations does
nothing to
generate foreign demand. With fewer exports and more imports, the
United
States continues to record large trade deficits. In reality,
America's
trade deficit has become a permanent feature of the US economy due
to
profound changes made to its economic infrastructure. Consequently, it
is a well-known fact that prolonged trade deficits almost always reflect
job exportation and/or the replacement of high quality jobs to jobs of
lower quality.
Looking into the Future
As corporate America
moves forward with record profits, the majority of
Americans will continue
to be left out of this economic feast. But
things are only going to get
worse. Now that US consumers have been
tapped out and will never again
provide the purchasing power required to
maintain robust earnings growth,
corporate America is planning its next
phase of economic
treason.
With more than 1.3 billion consumers boasting the highest
savings rate
in the world, China represents the next gravy train for
corporate
America. Within the next decade, Chinese consumers will fuel
corporate
America's earnings growth. We are already seeing this transition
take
place. Moving forward, corporate America will dedicate much more effort
and money to target Chinese consumers. And this will by necessity lead
to a greater exportation of US jobs. These changes will adversely impact
America's already weakened economy.
As we review the events from the
past few years, it is clear that
Washington had numerous opportunities to
respond to the challenges
facing the nation. Instead of providing real
solutions, America's
elected officials have once again failed on the most
important issues;
Wall Street reform, healthcare reform, trade policy and
foreign policy.
They have not even called for the heads of the Wall Street
criminals who
destroyed the global economy, perhaps because they themselves
are just
as guilty.
During this period of historic loss and human
suffering, corporate
America and the banks have managed to do quite well.
Hopefully by now
everyone understands that America's "highly trusted"
officials have been
bought off by the banks and corporations. As a
consequence, those who
are waiting, hoping and praying for things to change
will be sadly
disappointed, again.
As I have discussed in the past,
most Americans will be fooled into
thinking that the economy has recovered
once a new bubble has been
created by the Jewish Banking Cartel. But this
will represent just
another gimmick. Although most Americans have been led
to believe that
the current economic downdraft is only a temporary phase of
the economic
cycle, I can guarantee there will be no real recovery so long
as
America's fascist regime remains in power. This has obvious
implications.
There is but one solution. The root cause of this cancer
must be
extracted. This would be the Jewish Mafia. The objectives of the
Jewish
Mafia include both Zionist and non-Zionist elements. Their main goal
is
to extract all wealth from every nation and seize complete control of
the entire world. Until Americans come to acknowledge the role of the
Jewish Mafia in the subversion of their nation, they will remain
enslaved indefinitely. The same applies to Canada, Australia and all of
Europe.
As corporate America continues to focus more overseas, there
will be
little left for most Americans. In coming years, an increasingly
higher
percentage of the US population will rely on welfare. They will never
have the opportunity to contribute to society. They will become the
biggest casualties of America's crony capitalism and corporate
fascism.
Millions of others will work as cashiers and burger flippers,
while
drawing government assistance to supplement their slave wages. Most of
the remaining Americans will serve the wealthy as maids, valets, fitness
trainers, pet sitters and nannies.
They are not likely to get much of
a retirement plan or healthcare
benefits. They will struggle to make ends
meet. They will work until
they are no longer able. If they are lucky, they
will die flat broke.
Others will die in debt, with nothing to leave to their
heirs.
So long as America's fascist regime remains in power, the best
opportunity for upward mobility in the United States will come from
white collar crime. Others will keep playing the lotto, heading to
casinos, and gambling in the stock market as they desperately search for
a way out of the misery created by free trade and the Jewish
Mafia.
God help America.
MS/HSN
Mike Stathis is the head of
equities research and trading as the Chief
Investment Strategist of AVA
Investment Analytics. Prior to that, he
spent several years in asset
management and merchant banking at UBS and
Bear Stearns. His work in the
public and private markets has positioned
him as one of America's most
insightful and creative financial minds.
Although he is the only expert who
predicted the financial apocalypse in
detail, he has been banned by the U.S.
media. He is the author of
America's Healthcare Solution, The Wall Street
Investment Bible,
America's Financial Apocalypse, Cashing in on the Real
Estate Bubble,
and The Startup Company Bible for Entrepreneurs. More of his
analysis
can be found at avaresearch.com
(11) Free Trade is cause of
America’s persistently high Jobless Rate -
Mike Stathis (2012)
http://www.veteranstoday.com/2012/12/29/solving-the-mystery-of-americas-persistently-high-jobless-rate/
Saturday,
December 29th, 2012 | Posted by Mike Stathis
Solving the Mystery of
America’s Persistently High Jobless Rate
Mike Stathis, Chief Investment
Strategist, AVA Investment Analytics
[...] The main reason for the
persistently high jobless rate in the U.S.
is due to poorly structured trade
policies which have reduced the
incentives for domestic job creation. Thus,
the solution to the high
unemployment rate is the same as it has been for
many years. Free trade
must be restructured to make it fair
trade.
The effects of America’s misguided trade policy have kept demand
low
during the current recession, but real demand has been in decline for
over two decades. The real estate-credit bubble hid this reality and
created artificial demand. Now that this bubble has imploded, Americans
are exposed to the real face of the U.S. economy.
Suppression of the
Truth by the Media
The critical need to restructure trade policy was one
of the main themes
behind America’s Financial Apocalypse. I concluded that
U.S. trade
policy has been the number one factor most responsible for
America’s
decline. I also stated that free trade was the primary factor
responsible for the wealth and income disparity in the U.S.
Criticism
of the destructive effects of U.S. trade policy would upset
those who
control politicians; banks and corporations. Thus, as you can
imagine, the
book was not well-received by the publishing world or the
media. As a
result, shortly after America’s Financial Apocalypse was
released in late
2006, I was black-listed by the U.S. media, both
mainstream and so-called
alternative.
You will never hear the trade issue accurately portrayed by
economists,
politicians and Wall Street fund managers and analysts who have
been
inducted into the media club. Instead, the media embraces those who
make
false claims about or distract from free trade, healthcare and other
critical issues; Paul Krugman, Ben Stein, Peter Schiff, Nouriel Roubini,
Robert Reich and several others, most of which are Jewish. Meanwhile,
others who are not part of the tribe are left out of the debate. This is
all being done intentionally.
America’s media monopoly is controlled
by corporate America and
Washington. The purpose of this monopoly is not to
report news, as most
people assume. Its only purpose is to control public
perception. It
achieves this control over the masses through selling ads to
corporations, which in turn receive favorable propaganda in the
media-entertainment complex. This business relationship also helps
fulfill the objectives of Washington because Washington and corporate
America are one in the same.
Washington does not want Americans to
understand the real economic
problems facing their nation because it’s all
about maximizing corporate
profits at any expense, as one would expect from
a fascist nation. This
is specifically why profits have remained near
record-highs throughout
the current recession, now entering its 59th
month.
Meanwhile, U.S. jobs continue to be shipped overseas. This
explains why
there has been no increase in real median wages since 1999. Why
raise
salaries when you can hire workers overseas for lower wages?
In
conclusion, the persistently high jobless rate seen in the U.S. is
not due
to structural factors. At the same time, it cannot be explained
fully by
economic cycle theory. America continues to suffer from its
longest and most
severe economic recession in over 130 years. This
recession is the first of
what will surely be more to come over the next
decade.
Once
historians and economists figure out what has happened and find the
courage
to document it accurately, this period will eventually be
referred to as
America’s Second Great Depression. Unfortunately, by that
time it will be
too late for those who stand to lose the most.
Originally published on
Press TV
(12) Free Trade and the Jewish Mafia - Mike Stathis
(2012)
http://www.veteranstoday.com/2012/10/24/free-trade-and-the-jewish-mafia/
Wednesday,
October 24th, 2012 | Posted by Mike Stathis
Free Trade and the Jewish
Mafia
Mike Stathis, Chief Investment Strategist, AVA Investment
Analytics
Among the various mechanisms of fraud carried out by the Jewish
Mafia,
the one most responsible for the economic decline of the United
States
has been its exploitative trade policy, otherwise known as free
trade.
As always, the Jewish Mafia has bought off an army of Gentile
puppets to
carry out much of its fraud, so as to escape detection. For
instance,
during the height of the Financial Crisis of 2008, President Bush
was
instructed by his handlers to denounce protectionism so as to implicitly
reinforce the continuation of so-called free trade policy. Sure enough,
when Obama entered the White House, rather than restructure free trade
as he had promised, he expanded trade into South Korea.
Despite
evidence pointing to the contrary, Obama told the American
people that the
U.S.-Korean Free Trade Agreement (KORUS FTA) would
protect and create
thousands of U.S. jobs. This was the same song and
dance President Bush fed
to the American people when he expanded trade
into Central America
(CAFTA-DR), and the same hot air preached by
Clinton when he signed off on
the North American Free Trade Agreement
(NAFTA) a decade
earlier.
After receiving further orders from his handlers, Obama is
pressing
forward with the secretive and controversial Trans-Pacific
Partnership
(TPP), claiming once again that it will benefit Americans and
create
U.S. jobs; more lies from Washington.
Understanding Free
Trade
Free trade is the economic pillar of globalization. Although it was
marketed to American voters as an engine of job growth and better living
standards, just the opposite has happened. In fact, free trade has
largely been responsible for the widening wealth and income gap between
America’s wealthy and working class. For partnering nations the results
have varied. The consistent winner of free trade has been corporate
giants. [1]
Free trade was devised by Jewish business and economics
professors,
corporate executives and Wall Street tycoons in order to exploit
economic and other policy differences between the U.S. and its trading
partners for the purpose of boosting corporate profits. Although this
system of commerce had been planned for decades, it only became
practical during the technology revolution of the 1990s.
The United
States launched the first phase of globalization with the
passage of the
North American Free Trade Agreement (NAFTA) in the early
1990s. Europe soon
followed with the official formation of the European
Union (EU). Since then,
global trade has been expanded many times, and
in each case the results have
been the same; higher corporate profits
and fewer American
jobs.
While free trade has been a boon for large corporations and their
wealthy shareholders as intended, it has cost Americans millions of good
jobs paying middle-class wages, but not due to free market forces as
claimed. American jobs have been lost due to unfair advantages seen in
partnering nations, ranging from government subsidies to lack of
regulatory barriers and associated costs. As a result, this system of
so-called “free trade” is really one of unfair trade.
By imposing a
Westernized, so-called capitalist system of commerce and
labor into
developing nations, foreign corporations from the advanced
world can exploit
differences in social and economic policy to capture
superficial economic
gains. Meanwhile, the side effects of this
arrangement, exploitation of the
labor force and political corruption
expand into their own
dimension.
As a consequence of free trade, consumers from the advanced
world will
have access to less expensive goods produced in less developed
nations.
However, many of these same consumers will have lost their jobs or
be
forced to work for lower wages in jobs that do not fully leverage their
experience and abilities, as a result of job migration to nations which
offer lower cost of labor. [2]
Finally, these goods which are
produced in less developed nations are of
lower quality. Thus, they have
been embedded with an obsolescence
factor, which assures further “economic
growth” because the goods will
wear out prematurely, causing consumers to
purchase more. [3]
The negative economic effects of free trade have been
evident from the
start. But most Americans have only noticed the impact
after an asset
bubble has imploded. For instance, just over a decade ago
when the
dotcom bubble finally popped, the ill effects of free trade became
apparent. As economic demand plummeted, inventories piled up and jobs
vanished. But even when the economy began to expand, the vast majority
of these jobs never returned because they were fueled by a credit bubble
in order to mask the effects of the chronic job migration that had been
accumulating ever since NAFTA was signed.
Washington’s response to
this recession was for the Federal Reserve,
then under the “leadership” of
Alan Greenspan to engineer another asset
bubble. Fueled by false demand,
this bubble led to millions of jobs in
construction, real estate, banking,
finance, and related industries.
Things looked good to those who were
unaware what was really going on.
They simply focused on their incomes, home
values and stock portfolios.
Wall Street banks reaped huge profits from
this scam. But when the
bubble burst there were no claw-backs from the Wall
Street crooks. They
kept their outrageous bonuses, and the banks were bailed
with the tax
dollars of those who were defrauded. There were no prison
sentences.
Consumers got hosed while the crooks were rewarded. This has been
a
repeating cycle ever since the formation of the financial industry by
the Jewish Mafia.
Free Trade and Unemployment
Now that the
real estate credit bubble has imploded, the toxic effects
of free trade have
once again become apparent. Yet, many Americans are
unaware that U.S. trade
policy remains as the nation’s most pressing
fundamental economic issue.
They have been lied to by economists,
politicians and other members of the
establishment which is controlled
by the Jewish Mafia.
Despite
countless programs aimed at job creation, the unemployment rate
remains
high. Right-wing policy makers, corporate shills and their media
partners
continue to insist that the unemployed lack the required skills
demanded by
the work place. This is but another lie, as confirmed by
data. The left-wing
counterpart of the U.S. fascist regime insists that
tepid economic demand
has been responsible for the lack of job growth.
Although weak demand is
certainly part of the problem, the fundamental
reason for the persistently
highly unemployment rate is due to U.S.
trade policy. This claim becomes
more apparent when it is noted that
corporate giants continue to hire
overseas, while ramping up plans for
huge expansions in years to
come.
Southeast Asia and Latin America have also reaped tremendous
benefits
from U.S. trade policy, as most citizens of these nations have seen
their living standards soar over the past decade. Thus, higher living
standards in the developed world have come at the expense of America’s
working and middle class. And Washington has sat by doing nothing to
stop the hemorrhaging of jobs and living standards because their main
objective is being satisfied; rising corporate profits.
The Launch of
Free Trade
To better understand the impetus behind free trade, we must go
back in
time. During the oil crisis of the early-1970s, Japanese imports
began
flooding into the U.S. Meanwhile, Japan prevented imports from America
by erecting huge tariffs and other trade barriers.
Washington
realized that U.S. manufacturing would not be able to compete
with Asia. But
this did not take the architects of globalization by
surprise. They had been
planning this takeover since the end of World
War II. Finally, a golden
opportunity arose. The response from
bureaucrats, corporate executives and
bankers was to encourage
Washington to change how it viewed intellectual
property laws.
Although the laws governing intellectual property had been
in existence
for hundreds of years, radical changes during the 1980s greatly
enhanced
the ability of owners of intellectual property to receive
compensation
for third-party use of more complex intangible assets such as
patents.
But Southeast Asia remained largely noncompliant with Western
intellectual property laws. [4]
By the mid-1990s, intellectual
property had grown to become a
significant share of profits for many
corporate giants. Instead of
earning a profit by employing a labor force
which made goods,
corporations could make money from ideas and proprietary
information,
much of which had been funded by tax payers. This in itself
catalyzed
the relocation of manufacturing abroad.
Since the 1980s,
the U.S. economy has transitioned from manufacturing-
to serviced-based
because it allows corporations to slash operational
costs by shifting
facilities and jobs to nations that do not play by the
same rules as the
U.S.
America’s service-based economy also opened the door for banks to
design
new types of financial transactions to extract more money from
consumers
and businesses. This added to the rapid growth of the consumer
credit
markets which began to boom by the early-1990s.
Free Trade:
The Big Picture
Washington continues to insist that the transition from a
manufacturing
to service economy has provided better living standards to all
Americans. This is another lie. Ever since the implementation of free
trade, fewer Americans have been on the receiving end of financial gains
from the nation’s productivity. In reality, more Americans have been on
the receiving end of dead-end careers in industries that barely existed
prior to free trade.
Even before the real estate credit bubble burst
in 2008, manufacturing
jobs had been in rapid decline dating back to the
bursting of the dotcom
bubble in 2001. The implosion of the most recent
bubble has accelerated
this trend. The decline seen in U.S. manufacturing
has been a
significant contributor to America’s economic decline because it
was
this segment of the economy that gave rise to the nation’s
middle-class.
Thirty years ago, before free trade, the nation’s largest
private sector
employer was General Motors. Back then, Wal-Mart was selling
goods made
in the USA. Sure, Wal-Mart was responsible for job losses in the
retail
sector, but it also fueled domestic manufacturing since most of the
goods it sold were made in the USA.
Today, most of the goods sold at
Wal-Mart come from Asia and Latin
America. Every time a U.S. consumer shops
at Wal-Mart he is supporting
jobs overseas and thus helping to destroy the
U.S. economy. But most
Americans are too broke to have the luxury of
boycotting Wal-Mart, so it
continues to expand. As it stands today, Wal-Mart
is the nation’s
largest private sector employer. In contrast, General Motors
required a
tax payer bailout to remain in business.
Today, the Walton
family’s (beneficiaries of Sam Walton, founder of
Wal-Mart) net worth is
close to $100 billion. This amount represents the
combined net worth of
close to 50% of the U.S. population. Thus, it
should be no mystery why
nearly 50% of the U.S. population currently
receives some form of government
benefits, from food stamps and housing
assistance, to Medicaid and other
welfare. That pretty much sums up the
economic mess created by free trade
and the Jewish Mafia.
[1] The concept of free trade falls under the
umbrella of neoliberalism,
which also includes deregulation and
privatization of government-owned
assets.
[2] Over time, this
arrangement shifts the production-consumption
balance to favor consumption
rather than production. This economic
arrangement can only be maintained by
open access to consumer credit,
which ultimately leads to an unsustainable
credit bubble. Eventually
this bubble must be defused. This is where the
Federal Reserve and Wall
Street enter into the plot.
[3] In reality,
all forms of planned or designed product obsolescence
fall into the category
of fraud. This devious scheme which was born from
a perverted form of
capitalism also leads to an enormous waste of
natural resources, thereby
adding to resource depletion and
environmental waste.
[4] Compliance
with intellectual property laws have been an issue for
years, especially in
Southeast Asia. But now that Asia is more connected
into the globalization
shell game, intellectual property enforcement is
making new
strides.
Originally published on Press TV
(13) The Solution to
America’s Great Depression: Eliminate Welfare- Mike
Stathis (2012)
http://www.veteranstoday.com/2012/08/14/the-solution-to-americas-great-depression-eliminate-welfare/
Short
URL: http://www.veteranstoday.com/?p=218097
Tuesday,
August 14th, 2012 | Posted by Mike Stathis
The Solution to America’s
Great Depression: Eliminate Welfare
Mike Stathis, Chief Investment
Strategist, AVA Investment Analytics
Getting rid of welfare as a solution
to America’s depression might sound
like a counterproductive idea. But let’s
take a closer look at why that
just might represent the most viable
option.
With close to 50 million Americans below the poverty line
according to
official estimates (my own estimates are between 70 to 80
million), and
50 million Americans on food stamps, eliminating the nation’s
various
welfare programs seems to contradict responsible solutions to fix
the
U.S. economy; or does it?
[...] Tearing down America’s
longstanding fascist regime would blaze the
pathway for elimination of the
Zionist control of the U.S., as well as
the Jewish Mafia. This represents
the only route towards freedom for the
American people.
But as long
as the criminal puppets in Washington continue to provide
welfare benefits
to tens of millions of Americans, the panic, anger and
fear required for
such a monumental act will be kept at a minimum. As a
result, Americans
won’t take to the streets. Complacency will enable the
fascist government of
the United States to continue to suppress its
people and bully the world, as
it has for several decades.
[...] Thus, the best chance America has to
reclaim its country from the
corporate crooks, Banking Cartel and political
puppets is to get rid of
its welfare program; doing so will encourage
millions of Americans to do
what they should have done decades ago;
dismantle the criminal power
matrix that serves as the foundation of
America’s fascist establishment,
and create a government run by the people
and for the people, as was
originally intended.
{Comment: this is
just what the Tea Party is trying to do - Peter M}
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