Busted: Bankers and The Global Economy

November 10, 2010

Obama: Embrace Globalism And The Emerging One World Economy

Barack Obama made some interesting comments about the USA economy and American attitudes during a joint commentary in Mumbai, India.

President Obama made these comments about the Federal Reserve, effectively a “no comment” statement.

The Federal Reserve is an independent body. It doesn’t take orders from the White House, and it’s important as a policy matter, as an institutional matter, that we don’t comment on particular Fed actions.

About offshoring or outsourcing, President Obama made the following remarks:

I don’t think you’ve heard me make outsourcing a bogeyman during the course of my visit. In fact, I explicitly said in my address in Mumbai to the Business Council that I think both countries are operating on some stereotypes that have outlived their usefulness.

I want to be able to say to the American people when they ask me, well, why are you spending time with India, aren’t they taking our jobs? — I want to be able to say, actually, you know what, they just created 50,000 jobs. And that’s why we shouldn’t be resorting to protectionist measures; we shouldn’t be thinking that it’s just a one-way street. I want both the citizens in the United States and citizens in India to understand the benefits of commercial ties between the two countries.

Essentially, the attitude of President Obama and Indian Prime Minister Singh is one of tough nuts to America. They advertise outsourcing as good for India and the world.

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April 12, 2010

Multinational America & Cheap Labor

Even highly educated Americans can hardly win with a nationwide crisis of underemployed and unemployed. Clearly, America lives in the age of the wage slave, a time of mindlessness and lack of creativity. Corporate America remains addicted to outsourcing overseas, especially where cheap Indian labor is concerned. Now globalist academia, notably the University of Houston, is outsourcing teaching assistant jobs to India. Globalists are doing much more than that. Even Houston is a new center of foreign training basking in the warmth of  globalist conceit. Meanwhile, Bill Gates vis-à-vis Microsoft, has continued to sack the prospect of American jobs by sending them overseas. Since Gates can’t bring Indian help legally into America by the truckload, he is sending precious jobs overseas at a time when an unprecedented number of qualified educated Americans are out of work. Almost half of the those on the unemployed rosters have been out of work for more than six months. It seems to me that the time is nigh to outsource the national sociopaths.

It is high time to move away from the falsehood of corporate globalism to consider employing educated U.S. citizens. Having experience myself in dealing with teams of the hired from Mumbai, I must admit that they seem to be bright people on the surface. They are humble and do what they are told. Hell yes, they are eager to please! That is where the panacea ends folks! You will tell them again and again, yes… and again. You will spend hours in special conference calls dealing with “the meeting of the minds,” as they continue to pour out work that most children can do.

Multinationals: your jobs building another nation.

The communication and cultural barrier looms large as work is redone over and over. As far as being eager to please, this is hardly a surprise since corporate buildings spring from some of the worst slums of India, corporate neighbors that gleam in contrast to some of the worst ghettos the world will see. Who wants to leave a pretty polished office in favor of a human black-hole of mud and cardboard? It is time to fully realize that this is a human rights issue. Elevating foreigners that live in mud holes seems to be the human thing to do, unless you are merely elevating them to the underpaid wage-slave status as they fight in their minds about what the hell is in the minds and attitudes of managers in Corporate America. Surely “Bob Cratchit” had it no better and we have the nerve to think that globalism is doing them a favor, kind of like how imperial Britain was good for India too.

Meanwhile, the good boys and girls at Deloitte, Price Waterhouse , Microsoft, IBM and the whole lot of lousy multinational sleezoids continue to undermine and use an entire planet of human beings for what is good for corporate needs at the moment while basking in the glow of sustainability and green politics. You can add all of Wall Street and their overseas markets to the list too because this behavior is all the same thing.

Behind the corporate scenes in India, destined for a third world U.S.A.

That isn’t enough for “Multinational America.” This well-funded, organized racket is built on lies of an American labor shortage that oozes from ivy league “innovation.” They have legitimized the crime of selling out “spoiled Americans” in the hope of instilling and importing India’s caste system into the United States for their own benefit. They are debasing the nation so they can continue to ply their usury on the nation as they pimp globalism to proffer their bottom line and the meaning of their miserable existence. So much for socially responsible behavior. Too bad that President Obama doesn’t have the good sense to charge this modern-day pack of miscreants with treason. These are the sort that only Benedict Arnold could love.

Meanwhile, they can bask in the glow of globalism, an effort to justify the behavior of sociopaths. Believe me, these kids from India aren’t paying the bill. Multinational corporations are.

February 15, 2009

Rome: Central Banking, Finance See Crisis in Power

banking-goldNew U.S. Treasury Secretary, policy maker for the International Monetary Fund and former Federal Reserve presidential drone Timothy Geithner claims that the world faces the worst economic and financial crisis in decades . In his mind, government, facing growing domestic unease over the millions of jobs being lost, must respond forcefully. Geither has reassured the concerned central bankers and panicked finance ministers at the crisis meeting in Rome that President Barack Obama has ensured that implementing the new stimulus package would be done in a way that respects America’s international obligations.

“We are confronted with a broader and deeper slowdown than has been experienced in decades,” said U.S. Treasury Secretary Timothy Geithner at the G7 Economic Crisis Summit this weekend in Rome. “We will work closely with our colleagues in the G7 and the G20 to build consensus on reforms that match the scope of the problem revealed by this crisis.” Mr. Geithner working to win the hearts of skeptical fellow bankers and finance ministers as they seek to stabilize their own interests and continue to propel globalism and the power of central bankers to new heights. They want a new “Bretton Woods” monetary agreement that promises to change the world and build a New World Order.

At the same time, Geithner has admitted his lack of original thinking. He revealed to G7 ministers that he wants to “get it right” before launching the U.S. stimulus and bailout program so that he would not need to shift strategy midstream, while requesting their thoughts on U.S. strategy. Geithner is apparently still thinking inside the box of Wall Street training to the chagrin of his globalist friends. In fact, few of them are thinking outside of any box beyond their own self-interest.

obama-and-monetary-genius

Fearing a resurgence of protectionism and an obstacle to globalism, crisis talks ended in Rome Saturday with a unified pledge to do all that can be done to combat recession without distorting the myth of global free trade.

The media has proclaimed that Treasury Secretary Timothy Geithner came to the Rome this weekend to prove to Group of Seven colleagues that he was up to the job of fixing the U.S. financial system. The only item that he proved was that he is one of them, a brotherhood of bankers in lockstep meeting where control of the banking economy firmly rests: the halls of Rome and the Vatican.

Deutsche Bank Securities chief economist stated: “It’s not big enough. There are few details. The administration is trying to buy time and they don’t get the fact that we need to get something yesterday.” The underground criticism is that the Federal Reserve and the U.S. Government are not playing into the hands of globalists and Roman-based central bankers fast enough. In the meantime, Geithner is speaking out of two sides of his mouth. ~ E. Manning

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