The cozy relationship between financial institutions and their respective regulators has long been known. Concern from reformers and activists comes from all stripes of ideological perspectives. With the attention that Carmen Segarra, the whistleblower of Wall Street, has gained, the noise from the banking establishment pushes back. Here comes the expected spin from the Fed, The New York Fed Slams Tape-Recording Whistleblower, Says She Was Fired After Just 7 Months Over Performance. Read their Statement Regarding New York Fed Supervision. So what is this controversy all about?
If this is progress, just how much more can our economy afford? The myth of cheap prices, conveniently seldom factors in the structural costs to society. Building an all inclusive monopoly based upon minimal employees and predatory prices ignores the long anti-trust history that helped create the middle class. The last fifty years has demonstrated the systemic retreat from family prosperity, which has produced a vast disproportionate of wealth among the fewer haves and the growing have-nots. The enormous accumulation of market share that Amazon has steamrolled under the hypnosis of ease in selection of products, placing orders, timely deliveries, and most of all; cheapest pricing has caused the demise of much of traditional retail commerce.
The establishment protector of “PC” purity strikes again. By definition, Free Speech IS political. For reasons that only a hard core Hillary sycophant could understand, the mere posting or sharing of online reports on the 2016 Election Race is now blocked. Such a Facebook policy to disrupt political content goes to the heart of the Corporatocracy assault on open and uncensored political discourse. Little Mark Zuckerberg operates as the front and gatekeeper for the power elites who seek to manage, filter and remove information that does not fit into their plan for globalism.
When the Panama Papers broke and the news cycle had an opportunity to scold the wealthy from using offshore accounts to stash some of their wealth, the globalist regulators had another excuse to demand that financial privacy needs to end. Lost in this frenzy is that private property is an inherent natural right of individuals. If money was ill-gained, by theft, criminal endeavors or manipulated transactions; the penal judicial system certainly has enough tools to hold crooks accountable. Yet, the monetary controllers want to know exactly where and how much cash you have under the mattress or in a foreign bank account.
Establishment economists are the first vindicators that having a weak currency is essential to foster international trade. The utter absurdity that a nation can prosper when their coin of the realm buys less is inherently illogical. Yet, for the globalists, maintaining the myth that promoting exports in a system that is designed around transporting our domestic manufacturing capacity overseas is intellectually incongruent. So what is the essential argument for having a strong currency?
The UK media is out in force to scare Brits from voting to leave the European Union. Thursday June 23: Date of the in/out referendum is set for the vote. Just the notion that an actual plebiscite will take place on such an important issue, is encouraging. Proponents of exiting the EU are natural allies in the struggle to promote national populism. The long and distinguished history of England has an opportunity to show the world that the voice of the people can register a resounding repudiation against the technocrats of an unelected European Union.
No better example on how the actually world operates can be found than the Corporatist argument that all the opposition to TPP is just wrong. Really ??? Understand that the record of trade agreements have been greatly beneficial to Transnational Corporations. So it is natural that enterprises that seek to crush competition, favor the term FREE, when in reality the practice of conducting commerce on highly structured agreements, eliminates upstarts and squeeze out weak rivals. TPP has finally taken off the mask for all to see.
What exactly is a public utility? If you listen to the government officials in New York State, a foreign company is just dandy and will qualify from the Public Service Commission as a provider of electricity. While this may be old news, the continued adverse fallout from foreign ownership can no longer be flittered away. The latest approval of rate increases goes as an example of how the entire political favoritism system operates. The Buffalo N.Y. News reports, You’re likely to see higher electric bills soon.
No matter what you think about political campaigns, most would certainly agree that they are very expensive. The networks and cable broadcasters have reaped huge profits from the carnival cycle of campaigning entertainment. Civility is simply not good for business. Enlightened discourse is boring and the high moral plane is only good for losers. Much like watching the carnage from a war zone or street riots in the hood, the TV cameras focus on the most controversial confrontations and ignore calls of cooperation. Politics is just too good of a blood sport to allow a modifying influence to temper down the mudslinging.
Flying in those friendly skies has never been better for the corporate airlines. As for the cattle that is herded into the pens, the exhilaration and excitement has long faded into storm clouds. No doubt that in a competitive economy, enterprises must make a profit to survive, much less prosper. The airline industry does not have the same romance of a Yankee Clipper flight to China, but the amenities of sacking out in style certainly improves the hardship of travel. So what about the economics of the air passenger sector? A CNN reports says it all Airlines saved $11 billion on fuel. You saved 8 bucks.