Au$terity Arrive$

Perhaps you noticed back in 2008, that without any conversation, discussion or vote, Obama and our elitist congress threw U.S. citizens under the bus. In a big rush they unilaterally decided that WE – U.S. taxpayers – should bail out the high risk investments and fraud of the Too-Big-To-Fail-Banks.

Perhaps you’ve noticed that now you and I are paying for this. How so? Look around. Prices are climbing everywhere you look. Canned goods, fresh produce, dairy and meat – all significantly higher. Clothing items that used to be priced $39 – $59 just two years ago are not $59 – $79. These are HUGE price increases. Health care costs and health insurance costs continue to climb into the stratosphere. Our dollar is worth far less after creating unaccounted for trillions for the banks. You and I – and especially the poor – are paying for this fiasco. Why?

Perhaps you’ve noticed that the inflation index isn’t reflecting the reality of consumer prices. Why not? Because this “basket of consumer goods” doesn’t reflect actual shopping habits of ordinary people. Who benefits from this?

Perhaps you’ve noticed that one item that hasn’t gone up in price but has plummeted in price – your house. That’s because the Too-Big-To-Fail-Banks engineered a housing bubble by loaning Too-Big-To-Pay mortgages designed to fail, so these same banks could make money hedging against (i.e. profit from) these mortgages designed to fail, then collect additional fees by foreclosing. Plus these same mortgage banking elites couldn’t be bothered to register your mortgage title with the county or pay the cost of the title registration. So now, in most cases, the bank doesn’t have clear title and therefore neither do you!

Perhaps you’ve noticed that this is a crazy way to run a government, a financial industry, a country?

Perhaps you’ve noticed that the austerity (i.e. paying for bank fraud) forced upon us by these elites is the same as the austerity being resisted by citizens in Spain, Ireland, Portugal, Italy and Greece? We’re all in the same boat, baby. And just like the Italian cruise ship – the banking captains and elites are abandoning ship first, with the lifeboats.

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Make Your $$ Do More – Use Cash

Photo USMint.gov

We vote with our dollars everytime we buy something. Use your hard earned money to do more. Buy strategically by looking for fair trade and sustainable items. Use cash when you can.

Recently a commenter on Naked Capitalism made some points worth considering about why it’s better to pay with cash.

“Paying cash to the small merchants in your community helps them in many ways. It avoids the skimming off of percentages from the credit card companies, it avoids the imposition of debit card swipe fees on merchants or you, and it gives them an alternate to begging for credit to make payroll.

If you are scared of carrying much cash, write checks.

. . . Plastic is for proliferate pushover pansies pretending that convenience trumps all.”

I think she or he makes a good point. From now on, I will use cash when I can – like at the grocery store or a local restaurant.

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“It Takes a Pillage” Part 2

We in the United States wage economic terrorism, along with other rich countries and our multi-nationals who have carte-blanche to do whatever they want. This is what is meant by systemic injustice.

Most Americans are very concerned with personal immorality, but we rarely want to learn or understand about the poverty, death and violence we create through our unfair trade and tax laws.

However, as moral persons we are responsible for both personal morality and the morality, or immorality, of our trade laws and economic systems.

Our country holds both the purse and the purse strings and still we want more! We can’t hope to end terrorism against us when we continue to wage economic terrorism against others around the world.

This article from the Guardian describes a good example of the systemic evil perpetrated by rich countries – including the U.S. You won’t find this in the U.S. media. The article explains how we want the rules for global taxation to remain in our favor and in the favor of rich countries and mult-national corporations, rather than be FAIR. Here’s an excerpt:

On one side of this fight sit Britain, the US, the EU and other rich countries, which want to maintain the pre-eminence of the OECD (Organisation for Economic Co-operation and Development), a club of rich countries, as the body that dominates the setting of global tax rules. On the other side, along with South Africa, sit Argentina, Brazil, China, India, Mexico and other developing countries, which want developing countries to have a bigger voice.

When a multinational from one country invests in another, these global rules form the framework for deciding which country gets to tax which bits of the resulting income, and to what degree. Current OECD-dominated rules tend to skew taxing rights towards richer countries, and do a poor job of stopping multinational corporations (typically from rich countries) setting up schemes to avoid tax, often via tax havens.

The developing countries are seeking to strengthen the UN’s own tax committee – the committee of experts on international co-operation in tax matters – which could potentially represent and advance the interests of developing countries far better than the OECD ever can. And, as Chile’s permanent mission to the UN noted recently, the UN tax committee “is the only body with global membership in which these issues can be discussed“.

More than a quarter of G20 member states – including Mexico, its next chair – are on record in favour of a stronger committee, and now, after years of relative quiescence on this crucial issue, developing countries seem to be finding their voice.

The world doesn’t need Free Trade – we need FAIR Trade. This is the way to peace and sustainability.

When I asked my friend L, “Why do we think we have the right to loot and pillage other countries?” she didn’t hesitate one second responding sarcastically, “Because we think we’re ‘blessed.'”

What about you? Do you think what we have in the United States is the result of being “blessed”? Think again.

This article is just one more reminder that our U.S. economy and lifestyles are carried on the backs of others in poor countries – and we make it that way. To refuse to learn more is to collude with and be culpable for systemic evil.

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Stories About Fighting Back

Shine light in the darkness. People are becoming empowered to fight back.

Check out the Guardian’s Series, “Fighting Back” – “A series of investigative documentaries about poverty, commissioned and editorially controlled by Guardian Films, in association with Christian Aid”

 

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Wealth Distribution Thought Problem

Photo A. Meshar

How should wealth be distributed? In an article entitled Wealth Inequality, Dan Ariely at Technology Review.com asked Americans this very question.

“Perform the following thought experiment. Remove yourself for a moment from your present socioeconomic circumstances and imagine that you are to be replaced randomly into society at any class level.

Now, before you know your particular place in society you are told that it is within your powers to redistribute the wealth of that society in any way that you choose.  What distribution would you choose? This famous thought experiment is the basis of political philosopher John Rawls, as outlined in his highly influential 1971 work, “A Theory Of Justice,” in which he argues that the lowest class should be made as well off as possible.” (Bold was added)

What distribution would you choose? Click here to see how those surveyed responded. What do Americans believe is the current wealth distribution in the U.S.? –

“. . . participants rather badly estimated the current state of wealth disparity! Furthermore, they offered an ideal wealth distribution (under a “veil of ignorance”) that was even more different (and more equal) relative to the current state of affairs.

What this tells me is that Americans don’t understand the extent of disparity in the US, and that they (we) desire a more equitable society.”

These results tell me two additional things. First, for all the rhetoric we read in the media against socialism, it turns out that Americans are a lot more socialistic than they would like to believe because they believe in a more equitable society.

Americans frequently forget that we are VERY socialistic about some things. We want just one water supplier or sewer system, for example. The same is true for electricity, natural gas and other utilities. In fact it makes sense here.

Second, Americans believe in a social safety net – what an equitable society requires.

The reality is that all healthy societies, in the past and today, provide a base income or social safety net for everyone before others are allowed to retain great wealth.

Once basic human needs are assured then wealth disparity becomes less problematic because the social problems caused by wealth disparity – shrinking middle class, unemployment, crime, drug abuse, poor health, lack of skills – are minimized or eliminated.

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