Wednesday, February 01, 2012

MegaUpload Fiasco Show DC Politicians Have No Gonads to Go After Wall Street

Riddlemethis? Would the Government or Obama administration arrest banking Presidents/CEOs and seize their assets because it contained the money of drug kingpins? Would the Government or Obama administration arrest and seize the assets of red W. Smith, the Chairman, President and Chief Executive Officer of Federal Express because their truck may transport 10 kilograms of cocaine or a warehouse may contain 20 tons of marijuana? I don’t thinks so.

It is obvious that the Federal Government do not have the gonads to tackle corruption and white collar crime objectively. Just last week, an action reminiscent of Elliot Ness pouring beer into a river occurred when the FBI and Justice Department seized the website Mega Upload accusing the owner of causing $500 million in copyright infringements. My query is why is doing the work of the motion picture and recording industries more vital than the work of the people?

Either Congress or the President is so brazen or so cretinous, that they cannot envisage what they are doing me their efforts to censor the website Mega upload. Maybe a little bit of bot now that I think about it. Brazen because it is pronounced their actions are mainly taken on the bequest of the motion picture and recording industry lobbies. Stupid because most politicians prefer to brag on their ignorance on internet technologies and their low level use of such resources that attempting to learn more about the – a myopia more prescient of Washington politicians dysfunction than seeing the desires and needs of the common, non-super Pac affiliated US denizen.

The Obama administrations seizure of the site and the owner’s assets is more an attestation and forewarning of America’s fascist future of protecting US oligarchs than the penchant of protecting liberty. I mean really, going after a site and using the FBI and department of Justice Resources for what is basically a cloud-based repository for data storage, is like the examples I cited in the beginning of this essay.

No bank or Delivery company or website can track all of the user lot, packages or uploaded data which it hosts. To assume that one could, is silly. Meaning - to arrest the site’s founders under the assumption that they knowingly participated in copyright infringement, is moronic if we’re blaming site owners for user uploaded content now, we’d better start arresting people affiliated with all industries from YouTube to Bank of America (THEY HAVE MORE THAN $1 BILLION IN TOXIC ASSETS).

Now I know inside the belt way folks don’t understand. As an artist, mega upload allows me to get 90% on all the music I write, make and produce without the need of a record company gatekeeper who wants to Romanesquly decide for the public if they should hear or have the right to purchase my music. Not to mention this 90% on every dollar made allows them to get my music for free.

Maybe it is about the loot. Former Democratic senator and current head of the Motion Picture Association of America Chris Dodd have given tons of loot to the campaign of President Barack Obama. DreamWorks CEO Jeffrey Katzenberg raised at least $500,000 for the campaign and the Democratic National Committee and contributed $2 million to a super PAC backing the president was his biggest donor. Not to mention the zillion times the President has held fund raisers held by Hollywood big wigs the likes of Miramax co-founder Harvey Weinstein and Sony Pictures .

I also think that we have ignorant folks making laws and talking about things they have no honest understanding about. I’m sure there are large numbers of individuals inside the beltway like Senator Ted Stevens describing said internets as “a series of tubes,” or Rep. Mel Watt who proudly asserts that declares proudly that he doesn't understand internet/computer technology.

The truth is that a host of variables and factors are involved with the recent and present this financial crisis including everyone from the rating agencies, the bankers and the brokers, and that there is strong evidence for criminal culpability. However, no Wall Street banker wreaking havoc via their exotic derivatives has been charge criminally. What Madoff did to individual investors is what the mortgage & banking industries and Wall Street did to the US taxpayer and the US economy. No one from Goldman Sachs, Lehman’s, Countrywide, Citi, AIG, Bea Sterns or Wachovia just to name a few have been charged criminally or prosecuted by the Obama Administration. Why because we do not count and although the majority of Americans would see greater value in using the FBI and department of Justice Resources by going after criminals that looted $100s of millions and even billions of dollars, congress and Obama do not have the gonads to do such and wag the dog by going after mega uploads $42 million.

Wall Street controls D.C. As long as the financial companies can donate as many dollars as they have been to both sides of the aisle, you will see little in the way of reform of the financial sector and even less in the way of prosecution of wrong-doers. Mayer Amschel Bauer Rothschild was correct when he said, "Give me control of a nation's money and I care not who makes its laws”

Monday, January 30, 2012

Democrat or Republican: Just Crooks by Different names

It is true that the GOP have not dealt with or attempted to address job creation until recent months, but it is also true that it took until late in 2009 for Obama to deal with it as well when he introduced his stimulus bill. Like the GOP he did not touch the jobless issue until 18 months after his taking office.

I say this because I have noticed the difficulty I have in attempting to understand the vagueness of language that the democrats and GOP use to define each other and make their positions display a penumbra of divarication. First, I cannot buy the doggerel assertion by democrats, in particular President Obama, that he has not been as effective because of an obstructionist congress. I cannot accept this since the first 24 months of his administration he had both a democratic congress and senate ye never placed any budget nor jobs program on their desk since he was occupied with health care like a young mans attracted to a naked lady on his first visit to Magic City. Likewise, I do not get why they cannot proffer a genuine argument against the GOP either inductive or deductive, regardless of conditional propositions, implication or the fallacies of visible and observed assertive consequence presented via Republican outcomes. It would be an easy task.

For example, it is often suggested by Republicans that the present democratic administration is responsible for the present economic problem and that his policies have only made it worse. It is as if the republican Governors and state legislatures around the nation have no say s in what is occurring.

The way I see there has to be some culpability on both sides but the democrats cannot understand this. I find it while the GOP point fingers at the Whitehouse and Obama, six of the ten states with the highest rates of unemployment are run by Republican Governors [Nevada – 12.6%, Mississippi – 10.4%, Florida – 9.9%, Georgia – 9.7% and South Carolina – 9.5%]. Also, six out of eight states with the highest rates of foreclosures are also under the leadership of GOP governors [Nevada , Florida ,Michigan , Ohio ,Georgia and Arizona ].If I add in the majority in terms of state legislatures, it is clear that The GOP took back both chambers in North Carolina [unemployment 9.9%], took control of the state legislatures in Michigan and Ohio by winning the House -- they already held the Senate in those states.

My question is why have the democrats not jumped on these facts and presented them to the American electorate? Well for one, they are just as dumb from top to bottom as the GOP and care more about lining their pockets than serving the interest of the folks on ground level. And sorry to state, this is also true for President Obama.

Obama is not really serious about job creation or the middle class as he speaks. Although since he has taken office, the President has been talking about the need for corporate tax reform, declaring that the system is too complicated and those companies pay too much. Likewise, that he is interested in creating jobs but his actions say otherwise.

Take the case of the CEO of GE, Jeffrey Immelt, who was appointed by Obama to serves as the chairman of Obama's Council on Jobs and Competitiveness. While running General Electric, his company filed a 57,000-page federal tax return earlier but didn't pay taxes on $14 billion in profits. It was the second year in a row that GE recorded billions in profits and paid no taxes. Then there is the observation that GE has lain off 21,000 American workers, closed around 20 factories over the past few years and has half of its workforce outside the United States. Last year, the company announced that it would be moving its 115-year-old X-ray business (part of General Electric's GE Healthcare unit) from Waukesha, Wisconsin to Beijing, China.

For many of us politics is a battle between right and wrong in appearance, but frankly it is not. This is just a game they use to lace us against them. Unfortunately, African Americans fall for the okie doke every time. Obama and the democrats can do no wrong and anyone who points this out is the enemy, even if it is true. As a result, we target anything we do not like on cosmetic more so than pragmatic merit. For example, mention Ron Paul and Black folks say he stated he would have voted against the civil rights act as if one item along makes one unworthy of voting for them.

We forget that Franklin Roosevelt, the longtime hero and standard bearer of the Democrat Party, headed up and implemented one of the most horrible racist policies of the 20th Century [the Japanese Internment Camps during World War II] and appointed two vicious segregationists to the United States Supreme Court (South Carolina segregationist Democrat Jimmy Byrnes and Democrat Senator Hugo Black of Alabama] Both once member of the Ku Klux Klan but we ignore that when speak of FDR.

Or that Democrat-controlled state legislatures in the South that placed the Confederate battle flag on their state capitol flags and that no democrat voted for the 14th amendment and that then Senator John F. Kennedy – with an eye on the Democrat presidential nomination for 1960 – voted against the Civil Rights Act of 1957. Yet we still venerate John Kennedy.

We as a nation are lost in space and a nightmare is descending upon us all and continues to get even worse yet all we do is point fingers at each other and circle the wagons for our beliefs without objective examination. All we have to do is speak up as a nation and keep ourselves and one another informed. We must avoid the partisanship around if we can and try to be objective like our parents; for the simple reality is that “no nation can be freer than its most oppressed, richer than its poorest, wiser than its most ignorant…” Henry George.

A video of mindset that is developing all across America.- Dependency

Thursday, January 19, 2012

Obama Administration Desire for Iranian conflict not well thought out

Unlike some folks, I remember the day the people of Iran overthrew the Shah of Iran in 1979. Looking at our current contrived grievance with Iran, I wonder if our current administration does. Over the past year, due to the omnipotent pressure and power of the US Zionist lobby, we have seen multiple military attacks on Iran nuclear facilities and even the kidnapping and assassination of leading Iranian academics and scientist. We have even seen pressure placed on democrats by this lobby in particular, the loss of the New York 9th district congressional seat vacated by Anthon Weiner, to such an extent that the present administration sent bunker buster bombs to Israel to appease their supporter. In fact just this New Year, Obama signed into law sanctions against Iran oil exports. I guess it was designed to show America’s Jewish lobby and Israel that we are hard on Iran.

I have been taking my time writing on this because I want to see how all the chips fall. Just last week Treasury Secretary Timothy F. Geithner attempted to get Chinese policy makers to join an American-led campaign to reduce oil exports from Iran because of its nuclear program. However like Russia, they have rejected to participate in the US/European sanctions or the oil embargo directed toward the Persian nation. This will be problematic since it will be the Treasury Department responsibility to enforce sanction laws, especially given that the new legislation, which would prevent access by nations who do not support sanctions on Iran to the American financial system. Although loop holes in the law allow for selected exemptions, in all honestly, I do not think that the President, just as presidents past, is ready for this may proffer in an election year or to our economy. Currently, China's trade surplus with the United States widened 24.2 percent to $17.4 billion in December.

China exports $1.5 trillion of its production and ships 20% of its exports to the U.S., which created a $252 billion trade deficit in 2010.Not to mention that as of last year China owned $1.16 trillion in U.S. debt in the form of Treasury bills, notes and bonds - 26% of the total of $4.5 trillion held by the public. Consequently, this makes China is America's largest banker, giving it leverage over the US as evident when China threatens to sell part of its holdings whenever the U.S. pressures it to raise the value of the yuan. It is no wonder that the U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

Another concern is that some fear Russia fears Israel is pushing America to war on Iran “which could retaliate by blocking” Persian Gulf oil shipments. It is clear that Russia will do what it perceives as necessary to protect its strategically important Tartus, Syria base, its only Mediterranean one (there is as we speak a Russian aircraft carrier battle group is positioned nearby). Then we have 15,000 combat troops in Kuwait, inclusive of two Army infantry brigades and a helicopter unit along with two aircraft carrier battle groups remains in the region.
It is clear that the Obama policy is another political divertissement of imperious old men who have never been to war and like to say they have a right to prevent other nations from self determination, especially when it comes to developing nuclear power. Even it is in the form of weapons, history shows that the only folk who have used nuclear weapons have been the United States. So important is this that we will assist in the assignation of scientist – an act that if implemented by the Taliban or Iranians we would call terroristic. Now we have even indicated to them that any effort to control their own geopolitical borders via the Strait of Hormuz would evoke a swift response from the US military. France’s Le Figaro said “the US and Israel have carried out multiple acts of sabotage against sensitive nuclear installations, while ordering targeted killings of Iranian nuclear experts.” Meaning that both Israeli and US recruit Iranian assets to sabotage Iran’s nuclear program, “which includes targeted assassinations of Iranian nuclear experts….”Again strange since we say one reason we are hard on Iran is because they are a vehicle for state sponsored terrorism.

As it stands, Obama will likely find some excuse to save face, and maybe even attack Iran. As we speak, he is trying to gain support from Middle East allies in preparation for an impending US-Iranian confrontation. This is hard to understand for two reasons. First, we just got out of Iraq and are trying to get out of Afghanistan, why do we want another war so soon with a country of 75 million in which historically, sanctions have never worked. Moreover we as a nation cannot distance our self from targeted assassinations and other subversion in Iran.
He may as well give up on any support from China and when they and Russia do not go along, he will have do-do on his face because he will be powerless to do anything against them: Russia could damage our economy by artificially raising the price of crude oil and China by stop purchasing our debt and/or selling US papers in bulk causing more devaluation of the dollar. I hope the Obama administration thinks this out, for every indication suggest that Washington, Israel and NATO allies cannot wait to bump heads with Iran and Syria. This even when the fact remains that no evidence whatever suggests an Iranian nuclear weapons program, according to the latest March 2011 US intelligence assessment.

Strange, since while the White House is plotting against Tehran, the living standards of the American working class continue to fall. According to Reuters, 23.7 million American workers are either unemployed or underemployed right now. I can figure out why spending billions on another military effort (war) is more important than spending that money here at home where it is needed.