Posts tagged profits

Federal government books $41.3 billion in profits on student loans

0

 

Source: http://www.againstcronycapitalism.org

By

Federal government books $41.3 billion in profits on student loans

 

student-debt-4-cc

 

It’s easy to make a pile of dough if you get it for nothing and then lend it out at interest.

Who benefits most from the student loan scam? The students? Definitely not. The government which makes money on the backs of indebted students? Yes it benefits. But it’s the colleges and universities which benefit most. All this easy money flows in every fall. This enables universities to build new buildings and increase the salaries for staff.

Because, what are you going to do? Not go to college? I didn’t think so. Go get your government loan and like it. We have an athletic center to build.

(From The Detroit Free Press)
 
It’s a higher profit level than all but two companies in the world: Exxon Mobil cleared $44.9 billion in 2012, and Apple cleared $41.7 billion.

Click here for the article.

Image credit: http://www.againstcronycapitalism.org


Nick Sorrentino
About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.

 

 

Biggest winners in Obamacare? The health insurance companies. Very “progressive.”

1

 

Source: http://www.againstcronycapitalism.org

By

Biggest winners in Obamacare? The health insurance companies. Very “progressive.”

 

ocare-Big-5-565x259

Now everybody has to buy their product. One way or another. If someone doesn’t they are fined by the IRS. That is a pretty sweet deal for the insurance companies.

But we are told how Obamacare is a “progressive reform.” How finally everyone can get healthcare. How the President “stood up” to the insurance companies and pharamacuetecal companies.

Nonsense. Barrack Obama is the largest enabler of the big 5 health insurance companies there has ever been, by a long shot.

This is what hyper-statist Roosevelt Institute had to say. (They’d prefer a single payer plan of course.But the statement is interesting nonetheless.)

We’ve had a bailout for bankers and now the principle seems to be extended to the insurance industry. As Randy Wray and I discussed in a recent paper, the health care bill just signed into law entrenches the centrality of private health insurance companies and contain no serious proposals to limit costs. More people will get hit with deductions, co-pays, annual limits (for several more years), exclusions, out of pocket expenses. This will ensure that health CARE remains too expensive to actually take advantage of their new INSURANCE. And many currently insured people are going to get higher taxes. Premiums will rise.

A few paragraphs down they offer a valuable insight into the Obamacare political calculation by those in the “progressive” camp.

Our progressive allies have criticized us for drawing attention to these uncomfortable truths and failing to celebrate the President’s great social triumph. Yes, it may well have been catastrophic had the bill not passed, as it probably would have emboldened the radical forces of the right and torpedoed any hope of further significant reform legislation of any kind.

In other words- Even if Obamacare is a crony capitalist giveaway to the insurance companies and pharmaceutical companies, the statist establishment must shine up the dung, because it is progressive dung. The heap of stinking subsidies is better than nothing. [sic]

Obamacare might be soft fascism, but fascism is better than letting the classical liberals win.

From the pro-market side of things Robert Lenzer at Forbes.com had this to say in a recent column;

We warned you back on December4, 2009 in my blog ” The Horrendous Truth About Health Care Reform” that the Obama White House was handing a “ free ride for the health insurance industry” that would allow premium hikes of 8%-10% a year by CIGNA, Humana HUM -0.74%Aetna AET -0.56%,UnitedHealth Group UNH -0.46% and Wellpoint, and as well  a $500 billion taxpayer subsidy, a half trillion dollars without any requirement that the health insurers had to spend the subsidy on medical care. Several US Senators including Jay Rockefeller of West Virginia spoke to me openly of the outrageous sellout being foisted on the nation’s uninsured citizens.

The hardcore socialists don’t like Obamcare. The free market people don’t like Obamacare. The only people who seem to like Obamacare are Kathleen Sebelius, President Obama, Nancy Pelosi, and the crony capitalists entrenched in the healthcare and pharmacuetecal sectors.

How profitable is Obamacare likely to be for the “Big Five” health insurance companies? It looks like quite profitable indeed judging by the rise in healthcare stocks over the last year.

Aetna’s up nearly 50% in a year.

ocare-Aetna-565x316

Humana and UnitedHealth are both up around 30%.

ocare-Humana-565x315

ocare-United-Health-565x320

Wellpoint is up over 40%.

ocare-wellpoint-cc-565x312

And Cigna is up almost 60% in a year.

ocare-Cigna-565x316

These are breathtaking returns. Over the past year these healthcare stocks have vastly outperformed the overall market.

Given that stocks are a reflection (for the most part) of anticipated earnings, what does this tell us about Obamacare?

Obama has increased profits fro insurance companies, while burdening the overall economy with massive new regulations. It has forced many full time workers into part time jobs. It has expanded the power of the IRS and given the agency even more access to the lives of everyday Americans. It has forced spouses off of employer funded plans and it will raise premiums for most of those who purchase individual policies.

That the Obamacare website keeps exploding should be considered a blessing.

Image credit: http://www.againstcronycapitalism.org


Nick Sorrentino
About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.

Trans-Pacific Partnership (TPP) and Monsanto

0

Source: http://libertycalling.net

Posted by 

Trans-Pacific Partnership and Monsanto

 

 

Something is looming in the shadows that could help erode our basic rights and contaminate our food. The Trans Pacific Partnership (TPP) has the potential to become the biggest regional Free Trade Agreement in history, both in economic size and the ability to quietly add more countries in addition to those originally included. As of 2011 its 11 countries accounted for 30 percent of the world’s agricultural exports. Those countries are the US, Australia, Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore and Viet Nam. Recently, Japan has joined the negotiations.

Six hundred US corporate advisors have had input into the TPP. The draft text has not been made available to the public, press or policy makers. The level of secrecy around this agreement is unparalleled. The majority of Congress is being kept in the dark while representatives of US corporations are being consulted and privy to the details.

The chief agricultural negotiator for the US is the former Monsanto lobbyist, Islam Siddique. If ratified the TPP would impose punishing regulations that give multinational corporations unprecedented right to demand taxpayer compensation for policies that corporations deem a barrier to their profits….

Though TPP content remains hidden, here are some things we do know:…..

The labeling of foods containing GMOs (Genetically Modified Organisms) will not be allowed. Japan currently has labeling laws for GMOs in food. Under the TPP Japan would no longer be able to label GMOs. This situation is the same for New Zealand and Australia. In the US we are just beginning to see some progress towards labeling GMOs. Under the TPP GMO labels for US food would not be allowed.

 

Read the rest at ZCommunication, here.

###

Related post:

Corporations Push to Overrule National Laws – Secret Treaty

Another Phony Jobs Report From A Government That Lies About Everything –Paul Craig Roberts

0

Source: http://www.paulcraigroberts.org

By Dr. Paul Craig Roberts

Another Phony Jobs Report From A Government That Lies About Everything –Paul Craig Roberts

 

June 7, 2013. The payroll jobs report for May released today continues the fantasy.

Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs.

Are these jobs the high-powered, high-wage “innovation jobs” that economists promised would be our reward from Globalism. I’m afraid not.

According to the Bureau of Labor Statistics, the jobs created are the usual lowly paid
non-exportable domestic service jobs–the jobs of a third world country.

Retail trade accounts for 27,700 of the jobs.

Wholesale trade accounts for 7,900 jobs.

Ambulatory health care services accounts for 15,300 of the jobs.

Waitresses and bartenders account for 38,100 of the jobs.

Local government accounts for 13,000 of the jobs.

Amusements, gambling, and recreation account for 12,500 of the jobs.

Temporary help services provided 25,600 jobs.

Business support services provided 4,300 jobs.

Services to buildings and dwellings provided 6,400 jobs.

Accounting and bookkeeping services provided 3,100 jobs.

Architectural and engineering services provided 4,900 jobs.

Computer systems design and related provided 6,000 jobs (most likely filled by H-1B work visas).

Management and technical consulting services provided 3,200 jobs.

For a decade this has been the jobs profile of “the world’s most powerful economy.” It is the profile of third world India 40 years ago. The jobs that made the US the dominant economy have been moved off shore by corporations threatened by Wall Street with takeovers if they did not increase their profits.

The easiest way for corporations to increase profits is to take advantage of cheap labor in countries with massive quantities of unemployed labor.

So, if we believe the BLS report, and the reported new jobs are not simply a product of faulty season adjustments and a faulty birth-death model, why is the financial press happy that the US economy can only create third world jobs? Why was the stock market up on the news that the US economy has created 179,000 third world jobs? Would rational markets be up on such discouraging news?

But are the jobs really there?

With retail sales going nowhere, why 35,600 new jobs in wholesale and retail trade?

With real median incomes declining, why 38,100 more waitresses and bartenders? For every month as long as I can remember the BLS reports numerous new jobs in waitresses and bartenders, despite the long-term decline in real median income.

In the May jobs report, where are the jobs for the vast number of new college graduates?

The US now has more hotel maids, bartenders, and waitresses than it has manufacturing workers. The US has twice as many people employed in government than in manufacturing.

The services of maids, bartenders, waitresses, and government cannot be exported.
Therefore, the US trade deficit remains large and without exports to reduce it, a crisis in itself.

What the BLS jobs reports have been telling us for many years is that the US economy is in crisis, in a death-spiral. Yet, not a handful of economists’ voices have been raised.

Today president obama’s economist said that the notch upward in the unemployment rate was because the economic outlook was so good that more people were encouraged to enter the labor market than there were new jobs available.

The conclusion is inescapable: The same government that lies about weapons of mass destruction, Saddam Hussein’s al-Qaeda connections, Iranian nukes, and so on, also lies about jobs, the unemployment rate, the inflation rate, rigs every financial and commodity market, pretends that terrorism is such a threat that the US Constitution must be set aside and that Americans are safer without the protection of habeas corpus and due process.

It is amazing how rare terrorism is, especially with Washington in the second decade of trying to stir up terrorism by invading countries on totally false pretenses, murdering citizens of countries, such as Pakistan and Yemen with drones, and supporting Israel’s never-ending murder and dispossession of the Palestinians.

After such massive provocations from Washington, one would think that the world would be ablaze with terrorism. But it isn’t.

As there is so little terrorism, Washington and its presstitute media call those who resist
Washington’s invasion of their countries “terrorists.” Everyone who resists Washington’s military aggression is a terrorist. Just ask the New York Times, Fox News, or any neoconservative. Or, for that matter, the Bilderbergs, the Council on Foreign Relations, the Trilateral Commission, and Homeland Security, the Gestapo organization that now defines all American dissenters to be “domestic extremists.”

Washington’s claim that Americans have “freedom and democracy” is the sickest joke in human history.

In 21st century America, defendants have no more rights than the accused in Nazi Germany or Stalinist Russia. The FBI now shoots suspects brought in for questioning in the back of the head even before the suspect is arrested. http://lewrockwell.com/spl5/fbi-executed-my-boy.html

Long before Bradley Manning’s trial the presstitutes have convicted the accused based on lies leaked by the prosecutors. Consider Bradley Manning. After three years of detention, including one year of torture, he is brought to a rigged trial as a national security danger. All that Bradley Manning did was to comply with the Military Code and report war crimes. As his corrupt superiors did not want to know, he complied with his duty, apparently, by going public.

Now he is being made an example. The message is clear: Support Washington’s war crimes or be destroyed.

The Amerika that exists today has more in common with Nazi Germany than with the America in which I grew up. The young don’t know any different. But those my age realize that we have lost our country. America no longer exists.

Reprinted with permission from www.paulcraigroberts.org


About Dr. Paul Craig Roberts

Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. His latest book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is now available.

 

The More Illegal Immigrants That Go On Food Stamps The More Money JP Morgan Makes

0

Source: http://theeconomiccollapseblog.com

By Michael

Greed-Photo-by-J.-Solana-from-Madrid-Spain-200x300Recently uncovered documents prove that the Obama administration has been working with the Mexican government to increase the number of illegal immigrants on food stamps, and when more illegal immigrants go on food stamps JP Morgan makes more money.  As you will read about below, JP Morgan has made at least 560 million dollars processing Electronic Benefits Transfer cards.  Each month, JP Morgan makes between $.31 and $2.30 for every single person on food stamps (and that does not even include things like ATM fees, etc).  So JP Morgan has a vested interest in seeing poverty grow and the number of people on food stamps increase.  Meanwhile, the Obama administration has been aggressively seeking to expand participation in the food stamp program.  Under Obama, the number of people on food stamps has grown from 32 million to more than 47 million.  And even though poverty in America is absolutely exploding, that apparently is not good enough for the Obama administration.  It has now come out that the U.S. Department of Agriculture has provided the Mexican government with literature that actively encourages illegal immigrants to enroll in food stamps.  One flyer contains the following statement in Spanish: “You need not divulge information regarding your immigration status in seeking this benefit for your children.”  The bold and the underlining are in the original document in case you were wondering.  Overall, federal spending on food stamps increased from 18 billion dollars in 2000 to 85 billion dollars in 2012, and at this point one out of every five U.S. households in now enrolled in the food stamp program.  When people illegally or fraudulently enroll in the food stamp program, it makes it harder for those that desperately need the help to be able to get it.

It is certainly a good thing to help fellow Americans that are suffering.  It is a crying shame that more than a million public school students in America are homeless.  That should not be happening in the “wealthiest nation on earth”.

But today we have a system that has turned poverty into big business.  According to an article posted on Breitbart.com, JP Morgan has made at least 560 million dollars (and probably much more) processing EBT cards…

A new report by the Government Accountability Institute finds that JP Morgan has made at least $560,492,596 since 2004 processing the Electronic Benefits Transfer (EBT) cards of 18 of the 24 states it has under contract for the food stamp program.

A Daily Beast article provided some more specifics about the monster profits that JP Morgan is making…

Just how lucrative JP Morgan’s EBT state contracts are is hard to say, because total national data on EBT contracts are not reported. But thanks to a combination of public-records requests and contracts that are available online, here’s what we do know: 18 of the 24 states JP Morgan handles have been contracted to pay the bank up to $560,492,596.02 since 2004. Since 2007, Florida has been contracted to pay JP Morgan $90,351,202.22. Pennsylvania’s seven-year contract totaled $112,541,823.27. New York’s seven-year contract totaled $126,394,917.

These contracts are transactional contracts, meaning they are amendable based on changes in program participation. Each month, the three companies that administer EBT receive a small fee that can range from $.31 to $2.30 (or higher depending upon the number of welfare services on an EBT card and state contractual requirements) for each SNAP recipient.

So the more people that are out of work and that need to turn to the government for food, the bigger profits that JP Morgan makes.

What makes all of this even more insulting is that many of the jobs that JP Morgan could be providing to Americans to help alleviate this poverty are being shipped overseas instead.  As I noted in a previous article, many EBT card customer service calls are being routed to call centers in India by JP Morgan.

So why doesn’t anyone do anything about this?

Well, it turns out that JP Morgan has the politicians that oversee the food stamp program in their back pocket.  The following is from a recent Money Morning article

And the bank has taken steps to make sure the SNAP program remains a growing source of revenue. JPMorgan’s political donations to the members of House and Senate agricultural committees, the ones with legislative responsibility for the program, soared from just over $82,000 in 2002 to nearly $333,000 as of 2010.

What a wonderful system we have, eh?

And surely JP Morgan just loves the fact that the Obama administration is actively encouraging illegal immigrants to apply for food stamps.

What you are about to read should absolutely shock you.  At a time when the U.S. government is absolutely drowning in debt, the Obama administration is making it abundantly clear to illegal immigrants that their immigration status will not be checked when they apply for food stamps.  The following is from a recent Judicial Watch press release

Judicial Watch today released documents detailing how the U.S. Department of Agriculture (USDA) is working with the Mexican government to promote participation by illegal aliens in the U.S. food stamp program.

The promotion of the food stamp program, now known as “SNAP” (Supplemental Nutrition Assistance Program), includes a Spanish-language flyer provided to the Mexican Embassy by the USDA with a statement advising Mexicans in the U.S. that they do not need to declare their immigration status in order to receive financial assistance.  Emphasized in bold and underlined, the statement reads, “You need not divulge information regarding your immigration status in seeking this benefit for your children.”

The documents came in response to a Freedom of Information Act (FOIA) request made to USDA on July 20, 2012.  The FOIA request sought: “Any and all records of communication relating to the Supplemental Nutrition Assistance Program (SNAP) to Mexican Americans, Mexican nationals, and migrant communities, including but not limited to, communications with the Mexican government.”

The documents obtained by Judicial Watch show that USDA officials are working closely with their counterparts at the Mexican Embassy to widely broaden the SNAP program in the Mexican immigrant community, with no effort to restrict aid to, identify, or apprehend illegal immigrants who may be on the food stamp rolls.

You can see a copy of the flyer right here.

So who pays for all of this?

You do of course.

The Obama administration is doing all that it can to promote illegal immigration, and big banks such as JP Morgan just make bigger profits the more illegal immigration that we see, but it is you and I that end up with the bill.  This was put beautifully in a recent article by Mike Adams of NaturalNews.com

Nearly $75 billion of taxpayer money is spent each year on federal food stamps, and it turns out some of that is alarmingly being handed out to illegal immigrants — people who contribute nothing to the federal tax base in America but who seem to be experts on collecting social welfare benefits of all kinds. If you are working for a living, you are buying food for illegals who are being actively recruited by Obama and the democratic party so that they will vote more democrats into office.

When we reward illegal immigration, what happens?

That’s right – we are just going to get even more illegal immigration.

According to WND, we have already started seeing a huge increase in illegal immigrants coming across the border since Congress began debating the amnesty bill…

Illegal border crossings have doubled, and possibly even tripled, since the latest congressional push began toward comprehensive immigration reform.

In reporting first published by Townhall.com’s Katie Pavlich, border patrol agents in the Tucson/Nogales sector claim illegals are coming here in much higher numbers in just the past few months.

“We’ve seen the number of illegal aliens double, maybe even triple since amnesty talk started happening,” an unnamed border agent said to Townhall. The data from Customs and Border Protection cited in the report shows 504 illegals were detected crossing in that sector between Feb. 5 and March 1. Only 189 were caught on camera, and just 174 of the 504 were apprehended. Of those spotted on camera, 32 were carrying huge packs believed to contain drugs and several were heavily armed.

If that bill is passed, it is being projected that it will bring 33 million more people into this country…

The pending Senate immigration bill would bring a minimum of 33 million people into the country during its first decade of operation, according to an analysis by NumbersUSA, a group that wants to slow the current immigration rate.

By 2024, the inflow would include an estimated 9.2 million illegal immigrants, plus 2.5 million illegals who arrived as children — dubbed ‘Dreamers’ — plus roughly 3.4 million company-sponsored employees with university degrees, said the unreleased analysis.

The majority of the inflow, or roughly 17 million people, would consist of family members of illegals, recent immigrants and of company-sponsored workers, according to the NumbersUSA analysis provided to The Daily Caller.

We have made legal immigration a complete and total nightmare while leaving the back door completely wide open at the same time.

We greatly punish those who are trying to do things legally while at the same time we are greatly rewarding those that are cheating the system.

What kind of sense does that make?

Shouldn’t we insist that everyone come in through the front door?

Those that are coming over our borders illegally know what the score is

Linda Vickers, who owns a ranch in Brooks County, which is Ground Zero for the immigration debate, pins the blame directly on talk of ‘amnesty’ and a ‘path to citizenship’ for people who entered the U.S. illegally.

She recalls one man being arrested on her ranch not long ago.

“The Border Patrol agent was loading one man up, and he told the officer in Spanish, ‘Obama’s gonna let me go’.”

Border Patrol agents report that immigrants are crossing the border, and in some cases surrendering while asking, “Where do I go for my amnesty?”

We are already becoming a poverty-stricken nation.  We simply can’t afford to feed millions upon millions of illegal immigrants as well.

As I write this, the U.S. national debt is $16,758,107,082,298.63.

We now have a debt to GDP ratio of about 105 percent.

In the United States today, the amount of money that is deposited in our banks is about 9.3 trillion dollars.  If we took every penny of that and used it to pay off the national debt, we would still owe more than 7 trillion dollars.

We are stealing more than 100 million dollars from future generations of Americans every single hour of every single day to pay our bills, and yet everyone seems to think that this is “normal” somehow.

The truth is that what we are doing is absolutely criminal, and we should all be ashamed.

For much more on our exploding national debt, please see the following article: “55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know“.

In the end, it should be apparent to everyone that our system is failing.  Our government is corrupt, our big banks are consumed with greed and most average Americans are so addicted to entertainment that they have absolutely no idea what is going on.

What would those that bled and died for this country think about what we have become today?

JP Morgan Chase Tower - Photo by Krzykol

###

For more articles by Michael please visit http://theeconomiccollapseblog.com

Rethinking Facebook

0

Source: http://www.thelibertybeacon.com

By Dave Hodges

Mark Zuckerberg, the creator of Facebook emphasized three times in a single interview with David Kirkpatrick in his book, The Facebook Effect “You have one identity, and the days of you having a different image for your work friends or co-workers and for the other people you know are probably coming to an end pretty quickly.Many of us in print and broadcast media are rethinking our association with Facebook. Several of our journalistic brothers and sisters have been censored and/or otherwise treated unprofessionally by this entity. Facebook has become replete with trolls who patrol the cyber corridors of this monolithic entity chastising and censoring whoever exposes the liberal, anti-human, depopulation agenda of the New World Order. Whether it is gun control, criticism of NWO puppet Obama or anything that the Mark Zuckerberg people disagree with, they will kick your Facebook account to the curb for daring to express a legitimate political opinion.

 

Facebook’s Zuckerberg, The Self-Perceived Purveyor of Integrity and Morality

Mark Zuckerberg, the creator of Facebook emphasized three times in a single interview with David Kirkpatrick in his book, The Facebook Effect “You have one identity, and the days of you having a different image for your work friends or co-workers and for the other people you know are probably coming to an end pretty quickly. Having two identities for yourself is an example of a lack of integrity.”

Who appointed Mr. Zuckerberg to be the moral police and the judge of integrity? It sounds like Zuckerberg can take his place with Soros, Gates, Turner, et al., and the rest of the global elite who think they have the right to treat humanity as their own personal property and view the masses as a disposable commodity.

Julian Assange Assessment of Facebook

Whistle blower, Julian Assange, once stated that “Facebook in particular is the most appalling spying machine that has ever been invented. Here we have the world’s most comprehensive database about people, their relationships, their names, their addresses, their locations and the communications with each other, their relatives, all sitting within the United States, all accessible to US intelligence. Facebook, Google, Yahoo – all these major US organizations have built-in interfaces for US intelligence. It’s not a matter of serving a subpoena. They have an interface that they have developed for US intelligence to use.”

Never before in American cyber history do we see such an arrogant and agenda serving entity operating their propaganda so far in the open as we do with Facebook. This propaganda end of the New World Order is being blatantly exposed.

A couple of days ago, famed researcher and highly respected journalist, Jon Rappoport was banned from sharing his articles on Facebook. In this instance of blatant censorship, Jon’s banned article was merely a review of certain aspects of American presidents ranging from Nixon to Obama. Like so many of us that understand history and can see the tyrannical path that Obama is trying to take us down, Rappoport identified Obama’s unconstitutional missteps. And for daring to tell the truth, Facebook banned Rappoport for the mere expression of a legitimate personal opinion.

Readers may recall when members of Infowars.com and the popular talk show host, Michael Rivero were banned in December of 2012, until the public outcry for Facebook to reinstate their respective accounts backed Facebook into a corner from which they acquiesced and reinstated the previously banned media figures.

Rules For Thee but Not For Me

Facebook’s does not apply their holier than thou attitude to their own corporate behavior. As Zuckerberg talks about rectifying Americans lack of integrity through timely Facebook exposure, Facebook fails to pay its own fair share of taxes as a result of tax loopholes and deductions. Facebook paid no income tax for the fiscal year 2012, despite reaping $1.1 billion in U.S. corporate profits. While Americans have just been subjected to higher taxes, billion-dollar corporations like Facebook, General Electric, Boeing and Wells Fargo have all been able to avoid paying any corporate income taxes, reports Citizens for Tax Justice.

Reddit Co-Founder Dissociates From Involvement With Facebook

In a recent interview with CNN, Reddit.com co-founder Alex Ohanian explains that he won’t be investing in Facebook, the largest technology IPO in the history of the Internet.

Facebook founder, Zuckerberg, has stated that he expects to make billions of dollars off of the site’s initial public offering, Ohanian says that he won’t be investing in Facebook in order to enrich Zuckerberg. Ohanian’s reasons for avoiding Facebook as an investment vehicle is tied to the fact that he strongly believes that Facebook’s stance in favor of the Cyber Intelligence Sharing and Protection Act, CISPA, is very dangerous to the viability of the internet.

I applaud Ohanian’s stance as it is clear that Ohanian respects free speech. It is safe to say that Facebook and CISPA are two birds of a feather as they both support blatant censorship regarding views which differ from their own.

Tax evasion, legal or not, seems to be a trait of Facebook personnel, both past and present. Not only does Facebook not pay taxes while the rest of America is suffering under crushing tax increases, Zuckerberg’s former co-founder, Eduardo Saverin, renounced his U.S. citizenship back in August of 2012 in order to pay less tax. I guess that birds of a feather Facebook together.

Can it be said that Facebook is a shining example of duplicity and censorship? I think so and I welcome being banned by the monolith because soon Zuckerberg will learn the lesson the phrase “pride goeth before the fall.” Someday, Facebook will face some very stiff competition and the millions who have been irritated by the trolls which send warning messages for sending simple personal messages could very well be looking for new jobs. Technology is fleeting and Facebook could someday go the way of Myspace.

My Recent Personal Experiences With Facebook

A couple of nights ago, I was trying to send an invitation to former Congresswoman Cynthia McKinney through Facebook’s messaging system for the purpose of inviting her to appear on my talk show. Facebook blocked my invitation with a popup which said my ability to message has been suspended. Yet, I was able to send messages to other people on Facebook, just not Congresswoman McKinney.

Before attempting to message Congresswoman McKinney, I contacted a mutual acquaintance Lorie Meacham, about assisting her help in procuring McKinney as a guest on my talk show in order to discuss her knowledge of government sponsored child sex trafficking (e.g. Dyncorp). As I was online with Meacham, I tried to message McKinney and was blocked. To me, this means that Facebook was monitoring our communication and proactively blocked me. Isn’t interesting that I was blocked because I was interested in the topic of child sex trafficking? Coincidence? Perhaps. Lorie Meacham reported today that she is unable to message me either as the censorship of the free expression of ideas continues..

None of this is surprising given Facebook’s long associations with organizations like In Q tel which is the communications arm of the CIA. Here is a short video which helps the viewer understand the origins of Facebook and who it truly serves and how and why this organization got its start.

YouTube Preview Image

Let my hypothesize with some of you who have no problem giving Facebook any and all information about yourself because “you have nothing to hide.” What if Facebook is a big data mining device? It is, read your service agreement. What if this information in conjunction with other data is ever used to determine your loyalty to the government? It could, again, read your service agreement. What if this data would someday be used to decide who lives and dies based upon your threat matrix score? If you don’t think this is possible google the MIAC Report and all of a sudden, I start looking more like Paul Revere than a mentally ill conspiracy theorist.

More Facebook Transgressions

I have also had issues with my personal settings on Facebook. In my life, I have only lived in two areas (Denver and Phoenix) and reported that to Facebook as I was setting up my account. Yet, Facebook has me listed of visiting some third location called “Ready Aim Fire” in New Jersey. Given my Second Amendment advocacy, should I consider this to be an example of Facebook humor or is this a thinly veiled threat from our unapproachable Facebook overlords who will charge me $89 to investigate? Please note, I have never been to New Jersey and I am unable to reset this feature.

Lorie Meacham also related to me of a same-day Facebook exchange she was having with a friend in New Zealand about the recent FBI arrest of Malcolm X’s grandson as he was planning to go to Iran. The conversational text between the two parties was erased by Facebook for being “abusive.” Lorie and I are still trying to make sense how a conversation can be considered to be abusive as long as both parties are willing participants? The short answer is that it is not abusive and constitutes, yet, another example of blatant censorship. These actions are taking place because Facebook has obviously instructed its trolls to censor certain stories as was the case with Jon Rappoport.

That same night and wanting to achieve some measure of privacy, Lorie and I decided to take the conversation off of Facebook to the phone. This is where our evening became very weird. Lorie and I were talking about the possibility of discussing these censorship events on my show and our call was immediately terminated (I was on a land line) and we could not re-establish a connection.

I have subsequently related these stories to Julie Telgenhoff. Julie sponsors one of the most dynamic groups on Facebook entitled, A Sheep No More. Julie has indicated that her members have recently experienced difficulty sharing articles with other Facebook members. Most of the articles are critical of the Obama administration as well as espousing views which run contrary to the New World Order (Agenda 21, etc.). This should demonstrate to everyone which side of the fence that Facebook sits on.
My phone disconnect from Lorie Meacham and the seemingly instantaneous monitoring and censorship should not be surprising given the fact that Facebook’s origins are tied to the CIA’s In-Q-tel (refer to the above video).
I personally do not need Facebook to deliver my message especially with what is coming. Mark my words, in some future date, not too far from now, most people are going to forget about Facebook and will have moved on to the next toy.

Conclusion

Since I aired my frustration with Facebook on my talk show, All of us would be wise to review our Facebook terms of service. Facebook reserves the right to gather all internet habits that you have. They reserve the right to share your data with anyone. They are creating profiles which they are allegedly sharing with the government.

To the trolls who work for this entity, do you really think that you are going to have a seat at the table of the New World Order? Do you think they will let you hang out with them under Denver International Airport in the vast expanse of tunnels which runs through the mile high state when their contrived set of disasters are visited upon us? Or will you trolls end up like so many Brown Shirts from the past in which you will be cast aside without a second thought upon the stockpile of humanity?

And to all of us, we have bigger fish to fry than Facebook. Venting our indignation against such a tool of censorship and oppression is a waste of time. We need to keep directing our attention on the gardeners, not their tools. For it is the gardeners who are trying to erase most of humanity from the planet.

History is filled with examples in which a problem is just a solution in disguise. The research on intention as a force in the universe has clearly demonstrated that if we think about the things that don’t want, we will get more of what we don’t want. As we call attention to the great level of injustice which presently dominates world affairs, let’s simultaneously call attention to the fact that there is a spiritual solution to every problem.

I choose to not the let the Facebook issue dominate my thoughts. I have exposed Facebook for what it is, now let Mr. Zuckerberg own his own Karma. Realize that Facebook only has the power to ban a few of us, but if we don’t give Facebook more attention than what they deserve, our collective messages of freedom, self-determination and ultimate empowerment will push forward like a giant tsunami. Subsequently, if Facebook tries to ban and censor everyone who expresses humanity’s inherent desire for freedom, they will be left with no customers and they will die a natural death. Even the dumbed down sheeple lament the fences that keeps them in their pre-designed pastures.

There was freedom before Facebook and there will be freedom after the demise of Facebook. Freedom will always win out over tyranny, so express yourself without fear. Freedom is the wellspring of creativity. The globalists only know how to destroy. We in the freedom movement will push humanity forward in creative ways never before imagined and eventually the corporate despots will be swept away by the forces which will propel humanity to a higher plane of existence.

Genetic Roulette: Free Screening Until Feb 3rd, Vote For Best Awareness Film

0

Source: http://www.activistpost.com

By Heather Callaghan

No one has the right to play dice, to play roulette with the entire genetic integrity of life on the planet. – Tom Newmark, founder of Sacred Seeds

If there’s only one more documentary you see in the remainder of your life: Make sure it’s Genetic Roulette: The Gamble of Our Lives. World renown genetically modified organism (GMO) expert Jefferey Smith, who heads The Institute for Responsible Technology, directed and wrote the film that won Solari Best Film of the Year, 2012. Now it’s up to us to vote it up so it can win the Aware Guide Top Transformational film of 2012.

If you’ve been following GMO news for years, you are still sure to learn new, shocking information in this recent release. What’s unique is that even if you’ve never heard of a GMO, the movie is easy to digest without losing its informed audience.Watch it free here and definitely read and share the following review with your loved ones:

YouTube Preview Image

For some reason, it is easy to see the sensational Supersize Me, but go back to fast food eating after the dazzle fades. Not so with Genetic Roulette - it so empowering and info-packed that one could easily walk away from GMOs, conventional pesticide-doused no-nutrient produce, and store-bought milk laced with bovine growth hormone — forever.

A summary of the essential topics covered in this documentary can be found below.

Quick Topic Intro

Genetic modification (GM) splices and transfers genes between species which alters and mutates DNA leading to inflammation and more (below). Giant biotech corporations like DuPont and Monsanto spearhead the research, products, and patents. Two types of GM involve creating a pesticide built into the plant (Bt toxin) that destroys pests who eat it and one allows the crop to withstand heavy dousing of RoundUp herbicide so that only the weeds die. Monsanto also brought us Agent Orange, aspartame, dangerous pesticides and RoundUp, bovine growth hormone for cows, and more. They tout that GM will alleviate world hunger but you will see how that lie rests heavily on some of the world’s biggest profits.

Some other subjects the documentary thoroughly explains:

  • What is the newly discovered organism in RoundUp corn and soy killing off cattle embryos?
  • Intro of foreign DNA never existing before that our body doesn’t recognize. It creates inflammation, which coincidentally correlates to the spike in inflammatory disease in the last 20 years. Just a few diseases that correlate: auto-immunes, organ deterioration, rapid aging, insulin disorders, cancer, infertility, miscarriages, birth defects and more.
  • Can consuming GMOs cause genetic material to bind with gut bacteria turning our digestive tract into a living Bt pesticide factory?
  • Why did 93% of tested pregnant Canadians have Bt toxin in their blood and in 80% of their unborn babies?
  • Why are a startling amount of children coming to doctors with Leaky Gut Syndrome and correlating life-endangering allergies?
  • Why has it only now been discovered that GMOs can burst open pores in intestinal linings even though the FDA has touted it only bursts open insect stomachs as it’s designed?
  • Biotech companies are allowed to conduct their own safety studies for approval – FDA and USDA do not test for safety but take their word.
  • FDA was caught lying when they espoused GMO safety (still do) but an attorney forced them to reveal 40,000 secret memos revealing the agency’s own hazard findings. Michael Taylor (our current food safety czar) was heading the FDA even though he used to be a top Monsanto official. Other many, major conflicts of interest are discussed.
  • Why do autistic children respond so well when they are taken off GMO foods?
  • Why do swine who eat GM feed break out in rage and cannibalize each other?
  • Why do all animals instinctively leave GMOs untouched if they have a choice – even rats and pigs?
  • Aside from genetic modification and pesticides (which cause weeds to shrivel by blocking nutrient absorption), why is it best to avoid conventional produce and packaged foods?
  • Did you know that buffalo in India died just three days after eating Bt cotton? Why have hundreds of Indian farmers committed suicide?
  • What is the dairy cancer connection? Why is there now pus in store-bought milk?
  • What can we do to get GMOs out of our homes and bodies – how to we fight it on a grand scale?
  • What would really save the food and eco-system and end world hunger?

With hope, Jefferey Smith will continue the documentaries into a series – this was a significant tip of the iceberg. There are other facets to the GM takeover that could be showcased such as more on Monsanto’s treatment of farmers and more on the bee colony die-off connection. The hour and a half goes by so quickly one could easily keep watching to learn more.

The only thing thing that has kept the boulder of GM and the biotech mob from entirely wiping out humanity and the environment is consumer awareness and tenacious activism. Sound extreme? After watching, all doubts of that truth will vanish. But it’s not over yet — corporate parasites like Monsanto in conjunction with unheeded approval from governmental agencies we pay to keep us safe are determined to stay and keep their relentless stronghold in America.

If there’s one thing you do before February 3, watch Genetic Roulette and vote for it to fully bring on the awareness tipping point so that everyone knows what to do to stop the madness — stop disease and environmental destruction. Let our empowerment begin today!

www.GeneticRoulettemovie.com
www.ResponsibleTechnology.org
Download the free Non-GMO Shopping Guide

New GMO animation film launched by Infomatic Films and Natural News – must see!

0

Source: http://www.naturalnews.com

By Mike Adams, the Health Ranger

(NaturalNews) A new animation film from Infomatic Films has just been launched by Natural News: “GMO A Go Go” is available for viewing now on YouTube and TV.naturalnews.com. Here are the links:

Click here to view on TV.naturalnews.com

Click here to view on YouTube.

The film was created by Kirk Rutter of Infomatic Films and animated by Paul Davies. Natural News sponsored the film with a financial donation, using funds from sales of products at the Natural News Store.

Viewers are encouraged to re-post the video to your own YouTube account and help spread the word.

The video covers all the basics on GMOs, including how they’re engineered, why they kill the things that eat them, and the disastrous health effects they’ve been linked to in humans. It serves as both a reminder of the facts to those who already know about GMOs as well as a great primer for people new to the subject.

Here’s the full YouTube video:

YouTube Preview Image

Shock: Politician Tells Unadulterated Truth!

0

Source: http://www.lewrockwell.com

By Travis Holte

Now that Ron Paul has retired I think I have a new favorite pol, Belgian MP Laurent Louis. He pulls no punches in this speech, exposing the lies of the imperialist wars.

YouTube Preview Image

http://www.youtube.com/watch?v=WkzXTgslFNE

(Click on the subtitles icon for English). h/t Daily Paul.

###

For those not familiar with activating subtitles, please see the image below.

1-27-2013 2-18-19 AM

Video uploaded by Feuillien Geraldine

From the Youtube video description:

CLICK ON THE SUBTITLE ICON for the TRANSLATION in ENGLISH.

Belgian MP LAURENT LOUIS stands against war in Mali and exposes the international neo-colonial plot at the Belgian Parliament.

On January the 17th, 32 years old Belgiam MP Laurent Louis, the most controversial and demonized national political figure ever, explained why he voted against the belgian support to war in Mali. Meanwhile, he expressed his disgust and wrath against the criminal foreign policies of the belgian elite and its submission to foreign financial and interests groups. For the first time at the Belgiam Parliament, he evokes that 9/11 was made up and says what no one before him has never dared to speak out!

Please share this exceptional moment of truth. There were other interventions as powerful from that man regarding the necessity to re-open the DUTROUX CASE, since he has been confronted to official pictures of the pedophile’s little victims that dramatically contradicted the official version of the cause of their death.

I’ll translate his intervention on that subject within the next days because too many dark secrets are poisoning our democracies, and because it seems like in the heart of EUROPE, dark secrets have become a raw material.
Thank’s for sharing. This man needs and deserve our support.

 

Revealed: The Federal Reserve Makes At Least $90 Billion Per Year in Profits

0

Source: http://theintelhub.com

The Federal Reserve Makes At Least $90 Billion Per Year in ProfitsBy JG Vibes
theintelhub.com

Many people believe that the Federal Reserve is an organization that operates as a public service, there are not many out there who realize that this is a for profit business.

Of course, there is nothing wrong with providing a service and turning a profit, but there is something wrong with using the government to monopolize a vital aspect of society, forcing the whole society to use a particular service whether they like to or not.

It turns out that The Federal Reserve makes billions per year through this coercive monopoly, and this much activists and researchers have known for a long time.  However, until now there has been very little hard evidence or sources to reference, which tell us exactly how much money they really do make.  Recently, some numbers were revealed that can at least shed some light on a portion of their income, and these preliminary figures amount to at least $90 Billion per year.

Marketplace.org reported that:

“While leaders in Washington stare down the fiscal cliff, let’s not forget the fiscal fact that brought us to the edge: The annual U.S. government deficit of more than a trillion dollars.  But through it all, one government-related entity has been hauling in record surpluses. New data capture the scope of profits at the U.S. Federal Reserve, estimated to be $90 billion this year.”

“The last five or six years their profits have roughly tripled,” says Allan Sloan, senior editor-at-large at Fortune Magazine.

According to Sloan, the Federal Reserve owes its success to its practice of buying securities with newly printed money.

“If you go out an buy $2 or $3 trillion of securities that pay interest and you don’t have to pay any interest on the money used to buy the securities, you make a lot of money,” says Sloan.

Not only that, but a great deal of the national debt is actually “owed” to the Fed, due to their charging of interest on every dollar that they print and loan to the US government.

It is likely that this revelation will be swept under the rug by the mainstream media, and it is also highly probable the $90 billion figure is merely scratching the surface.

Go to Top