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The One World Corporation

As I listen to the inside the beltway bickering of sound bites from “taxes on private jets” to “cut, cap and balance,” I cannot grasp that no one has simplified this discussion regarding debt and deficits. The way it is presented, many act as if debt and deficit are the same things when they are not, while just forgetting to explain that the real issue is our sovereign debt crisis as a nation and not liquidity. This means that the US economic woes are a function of structural problems we have while operating in a global economy.

For example, around the globe, the real problem is not the governments (albeit they play a major role) but rather the banks and the possibility they may run out of money. In Ireland for example, it is more likely that banks will run out of loot before the government. Here at home, Bank of America recently made a bond issuance of $2.5 billion in new bonds. Why, because they are short on loot, running out of money and because the bank's stock just fell to fresh multi-year lows.

Both banks and governments are responding to the global debt crisis by adding more debt on top of debt. Adding debt to more debt is a pyramid scheme, a Ponzi scheme for to keep the pyramid intact, more loot is needed to keep those on top and under them making money. All kidding aside, looking a Greece for example, the fact is that Greece will never be able to pay back the debt it owes bond holders and the global markets.

It is not hard to see, but when you have a basically dumb-downed and ignorant electorate, the obvious gets lost in this age where talk and opinion takes the place of news and information. Or else it would be front and center that in the last year, the US dollar has fallen 12% in value which has led to making China the top seller of US treasury bonds worldwide. This means that the US government is an insolvent nation financially. We have accumulated a trillion dollar deficit three years in a row and a double dip in the housing market. Add to this the rising cost of oil and gas due to manipulation by speculators, mainly by the Goldman Sachs Commodity Index, and then it is easy to see what the outcome will be – a global economy run by a single corporate institution in the form of one world bank.

Ireland, which total debt is 100 percent of GDP, is insolvent. Greece, Italy, Spain, France and the US are all approaching the same boat. Why because the IMF, World Bank, Federal Reserve, Bank for International Settlements in Basle, Switzerland (a private bank owned and controlled by the worlds' central banks which were themselves private corporations) and similar agencies only work to see banks get paid, not that governments or democracy survive and prosper. If the US is to survive, it must function on a national credit system, which would lead to a sovereign nation state based on a system of our currency – the dollar. This would result in a non-inflationary credit system run by the state. But banks don’t want that, as Andrew Jackson and Lincoln found out centuries earlier.

If this does not occur, then we will continue, as a nation to involve ourselves in wars, for that will be the only way to make money. We will be in Pakistan, which will put us in conflict with China (which may involve India and Russia) and even in our own hemisphere in South America.
What is saddening is that most Americans do not have a clue, especially African Americans who often cannot see the trees for the forest through our own doing. History shows us that when the US economy goes awry, we feel it first and hardest. For we have limited if any knowledge of the collateralized debt obligations, complex financial papers/instruments, or the sophisticated computerized risk models that got us as a nation in this predicament. But we can spend, and buy and not save although property depreciations due to the foreclosure crisis will wipe out a significant amount of our wealth as a community and may cost us alone upwards of $190 billion dollars. After all everybody know we are the most vulnerable, especially loan companies, except for us.

Folk, America is broke. We the people are broke. The only thing I see on the horizon is debt on top of debt. But like all pyramid schemes, ours will fall or be found out too and our republic as we know it will be no longer and instead, a part of a new entity – the one world corporation.

You Big Dummy

Imagine this; Fred Sanford is at home, sitting down listening to the election returns from around the nation on his radio from NPR. Well not really, imagine me at home in the bed listening to the national election results on the radio, after all that’s what amounted for my entertainment last night. All I could say to myself, upon return upon return were Mr. Sanford’s legendary description of his son Lamont “you big dummy.”

It seemed to fit the evening correctly, both in terms of describing the democrats and the Obama administration and the fools who voted the GOP in office around the country by a historic level. In fact not since 1948, when Truman was president have we seen such a large take over of the house by one party. We know what happened nationally, now in the US House of representatives the GOP controls 239 seats, a pick up of 60 and also added 10 gubernatorial seats that they swiped from democrats

But even more troubling is what occurred on the state levels. In Georgia for example, the second Republican governor was elected in a row since 2002. Prior to this Georgia had not had a Republican Governor since Reconstruction. And for your history Buffs that is since Benjamin Conley in 1872, who ironically was one of the persons who assisted in promoting harsh resolutions condemning the state's failure to comply with the Reconstruction Acts of Congress in the organization of the General Assembly in an effort to reseat the colored members, kicked out by democrats.” A former Whig, Conley had opposed secession and retired to his plantation near Montgomery, Alabama, for the duration of the war. On his return to Georgia after the surrender it was natural for him to join the Republicans and to support the congressional plan for Reconstruction.”

But back to my point. In the state house the won 17 seats giving republicans 107 of the 180 seats and in the senate the control 37 of the 56 district senate seats.

Now what caused this? I don’t listen to pundits but I have my own developed postulate on the outcome. Now unlike many I don’t credit this too the Tea (Taxed enough Already) party, and don’t understand how folk, especially black folk can suggest such when they likely don’t even know what the acronym stand for or their beliefs, albeit most of which are rooted in agoraphobic based nativism. But I can say first and foremost is President Obama.


President Obama selfish tendencies and his ethnicity brought this on. Only a fool, taking office after George W. Bush, who inherited an economy in shambles and on the brink of collapse would put health care before Jobs and stabilization of the dollar. I just don’t get it, I mean it seems to be misdirected attention to spend 18 of your first 23 months on passing health care with the way the market and unemployment situation is currently. Moreover, Obama also appointed some foxes (Geitner and Sumners) to run the hen house and allowed the to suggest policy, without critical examination too solve the economic crisis that history tells us would not be able to improve the economy that has taken 20 years to get this bad in a two year period.

All of this has made me prophetic since two years ago I stated that people were blinded by the “Obamafication of America” and we were moving from “Tobe to Joe Six-Pack.” Now the lunatics run the asylum.

Now Obama has to depend on Black folks to keep him in office, since he may loose the Latino electorate since he promised to deal with comprehensive immigration reform in his first year – which he did not, just as he promised to address needle exchange – which he did not.

The tea party is another issue. It seems that they do not understand that one cannot fix an economy as bad as ours in one or two years (idiots). Plus they are dishonest, for if the pundits knew anything and were honest, they would call this election for what it was. No, this is not an anti-incumbent protest vote; it was an anti-democratic incumbent vote. No it was not anti-Obama vote; it was an anti Black man as president vote. Which in summary means that this vote was directed to punish democrats for promoting and getting a black man elected as President.

Black folk if they were smart could learn something from the tea party. Instead of voting democratic without question, and complain about the GOP, if they truly desired change they would join the GOP, and vote for their own kind and once elected form their own political coterie. But requires too much though and many, as I said drank the kool laid – since they were just happy to have a black man as president. See what a vote does, nothing, for America is not a democracy it is a republic – and only land owners make decisions in republics, You big dummy. Now we have a collection of Andrew Jackson’s all over the place and all that is missing now is David Duke. Arizon just passed by a large margin, Prop 107, legislation that bans preferential treatment and discrimination prohibition (Affrimative Action) so the way I see it its on and all down hill from here - thanks for nothing.