Thursday, March 29, 2012

Why Raising Interest Rates Will Bring New Jobs.

Why Raising Interest Rates Will Bring New Jobs.
Low interest rates are helping only one group, the richest people in America, the greedy 1%. More on that later, right now more on why and how, so let us look at simple math.

If the Tea Party gets all that it wishes; ending Collective Bargaining, cuts in pensions, Medicare, Social Security, laying off millions of people, what will happen? Well, it cuts past and into the bone of commerce. The discretionary income of approximately 80 million people will be all but annihilated. The companies whom they support by buying goods and services will be diminished and those companies they were patronizing will go bankrupt and added to the present 31 million out of work and underemployed will more than double making the depression of 1929 look like a lark in the park.

A friend told me though he has $750,000 in savings which should bring at 5% interest earned which would be about $37,500 a year. From 2008-2014.5, with his present rate of interest earned on savings, he will lose about $400,000 during this six year drought of Interest Earned on Savings. That discretionary income would have allowed him and millions of other Americans to expand their businesses. Many of those I spoke to about this matter have in fact considered building second facilities in Illinois and hiring additional employees, or simply spending the money on new autos, or improving their homes or building second homes. Stuck at near zero interest earned many people simply can not expand their businesses or their private lives.

There is right now $7.77 trillions in savings in US banks at a near zero rate of interest earned. Instead of the depositors gaining the interest, the banks are keeping it and doing nothing with it.  At a 5% interest earned on savings rate, the $7.77 trillions would yield $385 billion dollars which the depositors will pump into the market place. The 99% own about 45% - 50% ($173.25 - $192 Billions) of that cash. They would spend or invest it quickly and thus will create sales and jobs. The present rate of near zero interest earned pumps NOTHING into the economy and Mr. Bernanke wants to keep it that way for almost three more years, while the rich 1% are keeping ALL of that money deposited by the 99% which they  should be receiving. Isn't this a form of conspiratorial organized crime?

I suggest repalcing Bernanke and placing Paul Krugman or even Paul O'Neil in his place, they agree with me. Raise the interest rates enough to pay 5% interest earned in banks as before the war. The banks are using the 0% rates to further crush growth. They are keeping and getting rich on interest depositors who are supporting these banks should be receiving. 

Look into the financial miracles of Argentina and Brazil or even Sweden, Denmark and Norway. In Sweden there is a $19.00 Per Hour minimum wage and there is NO unemployment, no poverty and no billionaires and the average of the CEO's 50 top corporations is $1.8 million a year, about 25 times that of salaries of a average employe. Not coincidentally, none of these countries have entered a war in decades.

I have said for years that CEO's who are paid anything above the figure of 25 times Average employee Compensation Package, are raiding the investors and that boards of directors are conspiratorial in raising each others income all out of proportion. "You sit on my board and give me a ridiculous raise, and I will sit on yours and give you an equally ridiculous raise." The $1.8 million Compensation Package is less than 1/15th average CEO Compensation Package of about $27 million. Salaries at the low end are about $11 million plus bonuses and other benefits bring the total average to the $27 million mark. However, there are some who make over $50 million not counting Golden Parachute retirement Packages some of which rape the companies for which they worked, thus stealing from shareholders. 

Several bonus, Golden Parachutes have exceeded $150 million and other more than $275 millions, ripped away from investors. I would call that rape/robbery. Worst of all, between 1993 and 2008, the top 1 percent of Americans captured 52 percent of all income growth in the United States an average savings $46 million in taxes annually. 

Argentina was in worse condition than Greece, but instead of cutting back, they did what FDR did and what you and I would have done, they lavished huge sums onto the working class and start-up businesses amidst demands to cut everything and lay government workers off. They now have a super successful economy.

They, like the President of Brazil were called "Socialists". Well, if true they did a better job than the so-called "Free Market" people, as if there is a "free Market" when presidents and congress gives away no-bid contracts like candy on Haloween. Besides Jesus WAS a Socialist. One does not nation build or rebuild unless EVERYONE is chipping in their fair share. Without "Socializing" we would have no military, no roads and streets, no libraries, no hospitals, no schools, no water delivery and purification, no nation. Humans,
at least those with souls, are Social creatures-thus "Socialists" so is our God. The opposites of Socialism are fascism and Nazism. Do you want that?

One of the key factors in the crash of 2008, which some of us foresaw, pulling out if the market and shorting the (DIA)-Diamonds, (SPY)-Spyders and other such ETF’s representing the Financial industry; banks, stock broker’s, sellers of the same toxic mortgages that crushed America’s jobs markets.

“Economist Mike Kimel notes that the five former Democratic Presidents (Bill Clinton, Jimmy Carter, Lyndon B. Johnson, John F. Kennedy, and Harry S. Truman) all reduced public debt as a share of GDP, while the last four Republican Presidents (George W. Bush, George H. W. Bush, Ronald Reagan, and Gerald Ford) all oversaw an increase in the country’s indebtedness. Economic historian J. Bradford DeLong, former Clinton Treasury Department official, observes a contrast not so much between Republicans and Democrats, but between Democrats and "old-style Republicans (Eisenhower and Nixon)" on one hand (decreasing debt), and "new-style Republicans" on the other (increasing debt). Bruce Bartlett, former domestic policy adviser to President Ronald Reagan and Treasury official under President George H.W. Bush, attributes the increase in the national debt since the 1980s to the policy of "starve the beast" and an aversion for tax increases. Similarly, David Stockman, director of the Office of Management and Budget under President Ronald Reagan, as op-ed contributor to the New York Times, blamed the "ideological tax-cutters" of the Reagan administration for the increase of national debt during the 1980s." (Wiki).

Together with the budget deficit, the political climate at the time was one of the reasons given by Standard & Poor's to revise the outlook on the US sovereign credit rating down to negative on April 18, 2011. Standard and Poor's downgraded the credit rating by one notch from AAA to AA+ on August 5, 2011, for the first time ever. The long-term outlook is negative and it could lower the rating further to AA within the next 2 years by  Standard and Poors, which some believe are politically motivated. The downgrade was met with severe criticism from the Obama administration, commentators, and other political figures. The US still has a AAA rating from the other two ratings agencies.

G.W Bush debt increase was higher that that of Obama. The total debt incurred by H. G. W Bush Sr. and G.W. Bush was the highest of any three presidencies in US history.

Taking Back 31 Million Jobs Now!
This Christmas weekend I made a vow to gain back the 31 million jobs lost by American workers since 1984.

After watching/hearing speeches of JFK, FDR and
Senator Bernie Sanders Amazing Speech on December 02 2010, we have begun a campaign to call all 50 Senators and the president to pass a bill and a Constitutional Amendment. Below please see both. We are beginning by calling all 50 US  Senators twice before the 2012 election as well as the final candidates for the presidency as well as our own congresspeople. Will you please join us? Place Excise Taxes on all jobs which are outsourced both by America Companies as well upon any and all contractors which outsource for some America Companies including companies in nearby offshore sites which falsely claim that their goods are made in USA. This bill will also require American companies which hire workers in these offshore and overseas places to pay, in addition to these taxes, all laborers hired will be paid at least the current American a minimum wage as well

The bill will also raise the minimum by double its current rate. In the USA and for those companies who layoff workers as a result of the new minimum wage, they will be charged with conspiracy, interfering with and attempting to disrupt the American Market place, the economy and the balance of profit and income for all, thus creating class discrimination, price fixing, doing harm to the people of this nation thus weakening said nation therefore making it vulnerable to attack by  encouraging its enemies and conspiring to commit economic terrorism against the American workers and their families thus these conspirators will be in violation of the Patriot Act and the Racketeering law under the Ricco Act.

Most American investors know that any compensation package for CEO’s, which exceeds 25 times that of their average employee, a figure standardized after WWII and still valid in Sweden. Further compensation above that figure is, in essence, considered by most players and long term investors to be stealing from those investors by the anti-Christian practice of greed by Wall Street economic terrorists/criminals. These economic terrorists/criminals, have been up to now, for the far greater part, protected from paying for their crimes against the nation and its people by politicians as greedy as those they are protecting. That is because most federal elected officials benefit from insider trading alerts and that is how people making a seeming moderate income retire from congress as multi-millionaires.

The policies and secret regulations of many corporate boards of directors are also considered by many to be a violation of the anti-Racketeering conspiratorial practices as defined by the RICCO ACT. Those boards often hire as director’s people dedicated to a predatory activity of serving the needs not of the investors, but the executives who in conspiracy are trading opportunities to drastically raise their incomes of such executives to criminal economic heights as one hands washes the other. This has caused CEO compensation to grow from that of 25 times the average employee compensation in 1945, to 500-1100 times that figure by the late 1990’s to now as much as thousands to tens of thousands of times average employee compensation.

The Constitutional Amendments
 1)- One which denies to corporations the ranking of peoplehood.

2)- There is no logic to increasing a percentage of a corporate executive’s income. Percentage allows executive pay to increase in accordance with the success of the company and in harmony with that of workers and protects investors.

Therefore, Executive compensation packages should be reverted to and fixed at 25 times the rate of the company’s average US Citizen employee.

Write me to join this fight. My email address can be found on my website. All who know that site are welcome.

...Camelot Lost...
The only problem with the Right Wing Republicans is that the men of their party, the front-runners for candidacy for president, is that among them is not one noble man. They are in essence the same fools who in spirit, encouraged, presided over, and still do in their words and actions pander to and support; lynch mobs, those who Murdered John Fitzgerald Kennedy, the Reverent, ML King, and Robert F. Kennedy, JFK, MLK and RFK.

They all hate the working class and say so in their positions and actions, They see voters as stupid fools who will swallow their swill, they all, in not so many words pander to the murderous racists, misogynists, war mongering fascists and Anti Catholics. They appear to be protectors of the cancer spreading, slave driving,
Military Medical Industrial Complex, Greedy, Depopulationists who wish to limit and grab voter control by elimination of anyone whose vote may better the lives of the poor, the downtrodden, the non-white, the poor, Catholics, Jews, Muslims, etc

Hey, I can quote scripture also, and far more accurately than can Tea Party Whack-jobbers. See Below. All these Hell-Bound criminals in white shirts are responsible for all, if not the vast majority of evil doing in America, for the Wasted murders of millions, the wreckage of nations. I say to the world, I am ashamed that so many have twisted the messages that Christianity has sent us, twisting those enlightened words into a mass of lies, a series of broken ideas sent straight from Hell to America to overshadow Jesus, seeming intentional misinterpretations blasphemously misrepresenting his words. 

The most greedy, ambitious men on the planet are pretending at being prophetic, while picking the pockets of the world. Each time one of them invokes the God I know, twisting the words and meaning to suit their agenda, turning his words to support evil, it forces good men and women to their knees in pray for a New Passover to be rid of the demoniac oppressors.

One can easily tell, with whom we are dealing, “Beware of false prophets, which come to you in sheep’s clothing, but inwardly they are ravening wolves. Ye shall know them by their fruits. Do men gather grapes of thorns, or figs of thistles? Even so every good tree bringeth forth good fruit; but a corrupt tree bringeth forth evil fruit. A good tree cannot bring forth evil fruit; neither can a corrupt tree bring forth good fruit. Every tree that bringeth not forth good fruit is hewn down, and cast into the fire. Wherefore by their fruits ye shall know them.”  (Matthew 7:15-19

The fruits of God are those who bring lives free of hatred, bigotry free and avarice. Dying planets are not the fruits of God but of Demons. Air, water, land and sea that are contaminated by poisons such as herbicides/pesticides, petroleum distillates, radiation, fraking under a person’s home for gas and oil, are the products of avarice. Only men and women filled with greed go about killing the wildlife God made, destroying life for greater wealth, poisoning the very planet, which sustained us all these centuries. Displaying their greed by refusing to pay taxes according to their income.

In Jesus life he showed anger and actions only against those greedy and hypocritical. Yet these are the very things Fascists have always loved most, avarice and hypocrisy, and even their ministers and priests pretend that Jesus wanted everyone to be greedy. Why, because the rich make Organized Religions wealthy and therefore a part of their evil, because the Organized Religions accept their money and do not want to offend them. How are such ways not soul withering? Isn't it ironic, that such overwhelming hypocrisy is spewed forth and God has not struck them dead on the spot? Worry not there is ahead a New Passover of such worldwide coverage and accuracy, that all of this will be wiped out.

However, it would appear that any changes of these dead and dying philosophies are not forthcoming in the upcoming election; and therein lays the truth of the problem. We Progressives have no one better to offer either. Vote as you will, for this president or the greedy, bigots who appose him. We have once again little choice, and some say this president may stem the tide of taking wealth away from the poor, middle and upper middle classes and depositing it in the banks of the greediest people.

I recall my days of working for JFK with both great joy and with great sadness.

Even now, at writing these words I see so clearly my lifelong heroes, Jesus, FDR, JFK and a small handful of others. Where did America go wrong? When did we turn from the lofty truths of the Founding Fathers, Lincoln, FDR and JFK, to what we have now facing us?

I recall those last days of Camelot in America, and the final song of the musical, which brings me often to tears:

"Don't Let it be forgot,
that once there was a spot,
for one brief shinning moment,
... that was Camelot..."


Social Security and Medicare are annuities not a part of any debt. The wars are the debt, which have ruined this nation as they ruined The Soviet union. As we won by outspending Russia on Arms, now the last two Presidents have allowed the so-called "Terrorists" to outsmart them and to thereby win, by tricking the foolish president's and the more foolish congress, now over run with Fascism, to foolishly spending $1.1+ trillion dollars a year, $19.3 trillion over 11 years and in the process destroying three nations, thus causing pain, suffering and death, Diaspora and depressions worldwide to tens of millions of humans. All of this growing out of a Fascist insanity dividing our nation as Fascism did Germany in the 1920's-1940's.

The so-called "Terrorists" set a trap to ruin America by sending it into a Depression and eventual bankruptcy and perhaps revolution. They tricked the fools because the fools had an agenda and would listen to no-one outside of their circle. The foolhardy politicians are not smart enough to lead and not humble enough to those God Blessed with greater intellect, more common sense and better ideas, the American people. The "Terrorists" set the mousetrap and the mice bit and spent their nation into the ground. Obama is a stubborn, person, as much so as was Bush. The evil ones sucker punched the politicians into blowing trillions and wrecking the greatest economy that ever was.

When President Clinton Left Office, there was a $5.9 trillion dollar Surplus, now we have a nearly $20 trillion deficit.

I place that deficit, the destruction of those nations and our economy, thus causing pain, suffering, poverty death, Diaspora and depressions on the heads of these entities: G. W. Bush, Cheney and their entire WASP Mafia, President Obama, the Fascist Congress, The Military, Oil, Medical, Industrial Complex.

There are monsters in government whose ambition and greed, and hatred of all people, is busting out in every direction and they seem not to care who knows the depth of their evil idea’s. What is less surprising is that so many Americans vote these people into office
They have planned the genocide not just of Islam, but of American Citizens, Jews who follow the Old Testament’s charitable ideals, and Christians, who dare to truly follow Jesus’, as both virtues are to care for the poor, the lame, the ailing, while the Fascists want to let them die and suffer. However, the right says, “Let them die…”

The oil companies, continue to raise gas, oil and electric costs, are draining those who work while the Democratic President, does nothing. What would I do? I would do as Jimmy Carter did, I would cap oil prices and hit them, as did carter with a Windfall Profit tax. Mr. Obama hates Mr. Chavez, but Mr. Chavez and even Mr. Saddam Hussein; apparently cared more for their people than Bush or Obama does for us. In Iraq before the oil war, gas sold at the pump for five cents ($00.05) a gallon, while at the same time here, oil was $1.50 a gallon. After the war to steal the oil, here it was $5.00 a gallon, while in Venezuela gas at the pump is twelve cents a gallon.

In Venezuela, right now gas sells at the pump for twelve cents ($00.12) a gallon, ours sells here at this writing between $4.50 - $5.00 a gallon at the pump. What would I do if I were president? I would Cap oil at $25 a barrel and Nationalize the oil companies and indict their leaders and after the trials deport them and revoke their citizenship. I would deport them to Iraq, or Afghanistan to the Hell they created.
Public State and City Banks would be a great addition to a New, New Deal!

Of What a Barrel of Crude Oil Consists:
Production gallons per barrel-the processing in America of crude oil, actually gains a bonus of 2.2 gallons making the traditional 42 gallons into 44.2 gallons. Here is how the 44.2 gallons breaks down Gasoline-19.5, distillate fuel oil 9.2 this Includes both home heating oil and diesel fuel), kerosene-type jet fuel 4.1, residual fuel oil (heavy oils used as fuels in industry, marine transportation and for, electric power generation) -2.3, liquefied refinery gasses-1.9, still gas-1.9 Coke-1.8, asphalt and road oil-1.3, petrochemical feed-stocks-1.2, lubricants-0.5, kerosene-0.2, other-0.3.

The people are thrown out of work while the Democrat Obama does nothing. He has no jobs Plan. However, I DO HAVE jobs Plan! In addition, it, unlike his inept idea, in that my plan will actually, work!

We have lost over the last 20 years some 31 million Jobs. As for the almost 31 million Americans out of work and or under-employed, I would place an excise tax on all jobs, which were Outsourced: Union Scale Plus 15% for each job that is outsourced. I would then ban the executives who created the weakening of our economy, including Mr. Bush and Mr. Obama from ever being involved in politics or government. Again.

I would also dissolve the concept of the Corporation. It is the large national and multinational Corporate chains, which have been a part of the Depression. They have put out of business more than 2.5 million neighborhood stores, offices and factories limit and diminished the possibility of local controls. Entrepreneuring is now just faded dream.  I would create a change in the operation of the Supreme Court. It would become a tenure process, with a three-year trial run, followed, if the judge is satisfactory by a six-year tenure, to be renewed for a second sex years or canceled to a maximum of 15 years. I would stagger the tenure dates by 4 years. If they can, and have eliminated tenure for professors and teachers, why should the Supreme Court be treated any differently?
Why should elected officials have pensions?
There is much, much more I would do. Will you join me, or are you happy with a fascist congress and politicians who live like royalty and never have to deal with what we do every day?

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