Busted: Bankers and The Global Economy

January 31, 2009

Unemployment and Government Stimulus

economic-ideaAs Digital Economy has previously noted, the heralded stimulus plan is mostly a safety net for government services, government jobs and the disadvantaged, including the recently unemployed. What is the current ‘$825 billion’ stimulus plan going to do for the recent numbers of jobless Americans?

• $43 billion for increased unemployment benefits. Weekly benefits will go up by $25 a week and the amount of time the unemployed may claim them will be extended by at least 20 weeks, plus another 13 weeks for those in high-unemployment states.

• $39 billion for expanded health care benefits for the unemployed. The federal government will reimburse states to extend Medicaid coverage for the jobless through Dec. 31, 2010. For those who want to keep their old employer’s insurance plan, the government will subsidize their Cobra payments – paying 65% up to 12 months. Cobra eligibility will be extended for some groups of workers.

• $20 billion to increase food stamp payments by 13%. For a family of four, that means an average increase of $79 a month – from $588 now to $667 if the current legislation passes.

internet-personal-businessThe largest opportunity for economic growth, especially for small business and the individual in these times, remains on the internet segment of the digital economy. In other words, Americans need to get creative and found a personal small business based on solid business principles while employing creativity. I am not referring to internet hype or ‘affiliate business’ that has become the rage and plague of the internet. The fact remains that you cannot depend on Wall Street or Main Street Corporate America for your livelihood. Counter to the intuition of business activity and the economy, the internet remains a bright spot for many, Amazon.com among them. ~ E. Manning

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August 31, 2008

Muslims Prepare for Global Banking Power

Dubai Bank plans to become a major global Islamic lender over the next five years through acquisitions and has set up a $5 billion financing program to assist in the expansion of its authority. This is similar Noor Islamic Bank, which seeks to be the largest Islamic bank within 5 years.

The ruler of Dubai currently holds 40 percent shareholder interest in Dubai Bank. There are negotiations for joint ventures with certain countries targeting the business world to ensure Middle East control of business resources.

Demand for investments and financial services that comply with Islamic law are all the rage among Muslim authorities. Islamic banking includes a ban on the receipt of interest, a concept that is growing among the world’s 1.3 billion Muslims as they seek more ethical ways to invest personal resources.

With the continued influx of global cash, American greenbacks and business savvy, Muslims are prepared to launch a new era of banking and business success with the intent to spread that influence around the globe. The ambitions of family-ruled Dubai have soared during the last few years, benefiting from the profits of oil revenue. Dubai plans to build two of the world’s 10 largest financial institutions by 2015, Dubai official Omar bin Sulaiman told Reuters last year.

The role of central bankers in the scenario, if any, is currently not spelled out in clear writing. Islamic banking could be a rival to central bankers in the near future, since Islamic banking does not agree with the premise of the International Society of Bankers. Any compromises and affiliations could prove to be very interesting as the digital economy of power continues to build. Will the coalition that results clip the wings of liberty as implicated by the image in this article? That reality is likely.~ E. Manning

August 28, 2008

IBM Continues to Escalate Global Tracking

IBM’s strong financial performance lately can be attributed in part to the growth of IBM’s System z10 mainframe. On an increasing basis IBM has been developing global banking and tracking software to serve the needs of multinational corporate clients. In fact, IBM has received a notable patent for tracking which could be used for the creative tracking of not only data and products, but human beings as well.

The IBM mainframe allows for additional protection of sensitive data such as credit card information and client’s personal information from hackers which is a very attractive feature in banking operations. From a computer standpoint, the beauty of the mainframe allows for a policy-based system that distributes, manages and tracks all data in a simplified fashion over older computing. Multinational bankers are investing in the system because of huge expandability promises combined with flexibility in use for multiple types of banking simultaneously: commercial banking, Islamic banking, investment banking and insurance.

If you use your imagination, you can visualize where this advance in computing is taking the global banking system and other multinational corporate capabilities. IBM is almost single-handedly creating the means to elevate a digital revolution in the global economy, quickly becoming a completely digital economy. ~ E. Manning

August 20, 2008

What’s the Digital Economy; Does it Matter?

bankers

busted: bankers

For the past two centuries, the hallmark of the American economy has been that the United States is almost always first in inventing and implementing cutting-edge technologies. That has been true in every area from ranging from semiconductors to computers, vaccines, pharmaceuticals, automobiles, electronics, aeronautics, TV and radio, but has been diminishing. The economic and creative engine that drove world technology has been decentralized. Exploration and hard work is no longer the main focus of technology, but rather, control of what exists has become the focus of technology. Mankind has adopted a kind of fatalistic mindset of self-imposed limitations in the name of global power and influence.

Even United Nations reports find that the United States is no longer a world leader, but instead has become a follower in the development of technology. This has had somewhat of a chilling effect on the development of publicly-held technologies. World-ruling economic governments no longer hold the power they did, but have essentially relinquished the power to a fascist global corporate oligarchy in the name of expedience, money and the appearance of regional political power over people.

What makes the electronic age of computers so important as it encompasses the globe is that this technology is the means that the coming world will be ruled with. You will be tracked through the very products that you buy and the appliances that serve you via a worldwide global internet, a springboard of what you enjoy now. With that power comes the ability to monitor and ultimately control the population that ultimately must hold the technology in order to function in lockstep with the evolving scope of the new global powers.

The United States is in the middle of this transition politically and philosophically. More and more plaudits and support are given to global thinking and global authority. The new philosophies of climate control, environmental preservation, population support and monetary control are showing themselves to be a new norm in the scope of world influence. National sovereignty is being disposed of in favor of a new brand of global security.

This makes the digital economy very important and a currently misunderstood watchword for a new global movement that, in reality, is happening under our very noses. This movement is all about control of the individual in the name of securing profit and power. Every authority wants to carve out its own niche and is in process of doing so as you read this.

The application of technological change is akin to a lobster being slowly boiled on a stove. The lobster is unaware of the gradual change is its environment until it is too late. The same is true with the technological digital economy that the world is adopting as the ultimate source of connectedness. The truth is that the lobster in the pot is the privacy and freedom that sooner or later, every man and woman craves. By the time the corporate oligarchy is finished with the new system and implementation of the new global mindset, free thinkers will be under the watchful eye of power and subject to full control. This isn’t a sick or twisted conspiracy theory. This is the coming global reality, partly in place at this time.

Soon, in the name of security, you will be willing to give all nature of former rights that you have held and you will convinced be that you are doing yourself a favor. You will become safe as a ward of the State, a new global power that is ready to unfurl its influence on a largely unsuspecting world.

This digital economy involves politics, technology, government and business with the chief purpose of an orderly world built to drain the global population of every economic resource to achieve the ultimate in control and economic redistribution across the globe. It started with the central bankers nearly a century ago and they aren’t finished yet. Get ready for the digital economy coming straight to you.

This coming reality is no small thing. To the uninitiated, it seems outlandish and otherworldly. Current events and realities say otherwise. This has been the functional purpose of this blog from the beginning. Prepare to enter a brave new world sponsored by the International Society of Bankers that rule it.

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