Elite Domination [Video]

Boom Bust  May 22 2014

Our lead story: US telecom giant AT&T plans to buy satellite TV operator DirecTV for $48.5 billion, gaining more than 38 million subscribers and increasing the merger mania sweeping the telecom media and technology industries. Edward tells you why this is a bad deal. 

[youtube=http://youtu.be/_UqIrYMA2Dw?t=3m43s&w=500]

Then Erin sits down with economist Paul Craig Roberts to talk about elite domination in the US economy and politics. Roberts talks about imbalance of influence of interest groups in American economy, and he gives his take on Tim Geithner’s new book “Stress Test.” Check it out.  Continue reading

When Truth Is Suppressed Countries Die

Paul Craig Roberts March 15 2013

Economy of the United StatesOver a decade during which the US economy was decimated by jobs off-shoring, economists and other PR shills for off-shoring corporations said that the US did not need the millions of lost manufacturing jobs and should be glad that the “dirty fingernail” jobs were gone.

America, we were told, was moving upscale. Our new role in the world economy was to innovate and develop the new products that the dirty fingernail economies would produce. The money was in the innovation, they said, not in the simple task of production.

As I consistently warned, the “high-wage service economy based on imagination and ingenuity” that Harvard professor and offshoring advocate Michael Porter promised us as our reward for giving up dirty fingernail jobs was a figment of Porter’s imagination.

Over the decade I repeated myself many times: “Innovation takes place where things are made. Innovation will move abroad with the manufacturing.”

This is not what corporations or their shills such as Porter wanted to hear. Corporations were boosting their profits by getting rid of their American employees and replacing them with lowly paid foreigners. Porter’s job was to reassure the sheeple so that no outcry would materialize against the greed that was hollowing out the US economy.

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The U.S. Economy Is Now Dangerously Detached From Reality

Activist Post February 8 2013

Economy of the United States

Recently I was asked to give a presentation on the current state of the global economy to a local group of concerned citizens here in Northwest Montana.  I was happy to oblige but when composing my bullet points I realized that, in truth, there were no legitimate economic numbers to examine anymore.  You see, financial analysts have traditionally used multiple indicators of employment, profit, savings, credit, supply, and demand in their efforts to divine the often obscured facts of our financial system.  The problem is, nearly every index we used in the past, every measure of capital flow and industry, is absolutely useless today.

We now live in an entirely fabricated fiscal environment.  Every aspect of it is filtered, muddled, molded, and manipulated before our eyes ever get to study the stats.  The metaphor may be overused, but our economic system has become an absolute “matrix”.  All that we see and hear has been homogenized and all truth has been sterilized away.  There is nothing to investigate anymore.  It is like awaking in the middle of a vast and hallucinatory live action theater production, complete with performers, props, and sound effects, all designed to confuse us and do us harm.  In the end, trying to make sense of the illusion is a waste of time.  All we can do is look for the exits…

There is some tangible reality out there, but it is difficult to find, and there are few if any mainstream numbers to verify.  One has to remember always that the fundamental world of money and trade revolves around real people and real circumstances.  No matter how corrupt our economic system is, as long as there are human beings, there will always be supply and demand that cannot be hidden.  We have to look past the “official numbers” and look at the roots of trade.  Where has demand fallen?  Where has supply diminished?  Where are the tangible goods and needs and how have they changed?

Let’s first start with the mainstream version of our system, looking at each aspect of the economy that no longer represents the truth of our situation…

Employment, Savings, And Debt 

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America’s Descent to Depravity

By Prof. John Kozy | Global Research
October 20, 2011

The Protestant ethic once defined the American character. It was held to be responsible for the success of Capitalism in Northern Europe and America by sociologists, but the Protestant ethic and Capitalism are incompatible, and Capitalism ultimately caused the Protestant ethic to be abandoned.

CapitalismA new ethos emerged that the governing elite completely misunderstands. It is the ethos of the “big break,” the “jackpot,” the “next big idea.” The slow and deliberate road to success is now anathema. Coming up with the next big commercial idea is the new model of the American dream. All that matters is the money. Given that attitude, few in America express moral concerns. Wealth is its own reward; it’s even worth destroying ourselves for. And if we haven’t done it yet, we surely soon will.

I suspect that most people would like to believe that societies, no matter how base their origins, become better over time. Unfortunately history belies this notion; societies have often grown worse over time. The United States of America is no exception. It was not benign at its origin and has now descended to a region of depravity seldom matched by even the worst nations of history.

Although it is impossible to find hard numbers to prove that morality in America has declined, anecdotal evidence is everywhere to be seen. Almost everyone can cite situations in which the welfare of people was sacrificed for the sake of public or private institutions, but it seems impossible to cite a single instance of a public or private institution’s having been sacrificed for the sake of people. If morality has to do with how people are dealt with, one can legitimately ask where morality plays a role in what happens in America? The answer seems to be, “Nowhere!” So what has happened in America to account for the current epidemic of claims that morality in America has collapsed? Well the culture has changed drastically in the last half century, that’s what.

Once upon a time in America, the American character was defined in terms of what was called the Protestant Ethic. The sociologist, Max Weber, attributed Capitalism’s success to it. Unfortunately Max was lax; he got it wrong, completely wrong. Capitalism and the Protestant ethic are inconsistent with each other. Neither can have been responsible for the other.

The Protestant (or Puritan) ethic is based upon the notion that hard work and frugality are two important consequences of being one of Christianity’s elect. If a person is hard working and frugal, s/he is considered to be one of the elect. Those beneficent attributes, it was believed, made Americans a more industrious people than people elsewhere (although Europe’s Protestant societies were considered a close second while Southern Europe’s Catholic peoples were considered slothful.) Some now claim that we are witnessing the decline and fall of the Protestant ethic in Western societies. Since the Protestant ethic has a religious root, the decline is often attributed to a rise in secularism. But that case is considerably easier to make in Europe than in America where Protestant fundamentalism still has a huge following. So there must be some other explanation for the decline. Nevertheless, the increase in secularism has led many to claim that secularism has destroyed religious values along with the moral values religion teaches. There’s another explanation.

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