Busted: Bankers and The Global Economy

August 6, 2010

Google and Verizon Set to Initiate Internet Discrimination

Filed under: business, corporatism, politics, technology — Tags: , , , , , , , , — digitaleconomy @ 6:28 am

Originally, the Internet was founded on the principle that all data is equal. No body or corporation has been able to officially decide whose data goes faster or slower. Net Neutrality has made the internet what it is today as a platform for individual speech, democratic action, and entrepreneurial creativity.

President Obama’s new Federal Communications Commission chair strongly promoted Net Neutrality in line with the President’s campaign promises. Big telecom companies launched a lobbying frenzy, and soon the FCC was meeting with them behind closed doors.

According to reports, Google is about to cut a deal with Verizon that effectively ends a fair, open Internet as we know it. Google uses the corporate motto “Don’t Be Evil,” while acting as a staunch defender of Net Neutrality. In actuality, Google is threatening to turn the internet into a closed, pay-to-play, cash cow for large corporations.

In this case, Verizon would have free rein to discriminate on the mobile internet for smartphones and cell phones. Some believe that mobile communication is where most people will access the internet in the future, spelling the end of Net Neutrality for millions.

Google chief executive Eric Schmidt has verbally attacked “phone and cable monopolies” who “want the power to choose who gets access to high-speed lanes and whose content gets seen first and fastest.”

Google has issued a short, carefully worded statement challenging some of the details in The New York Times story, but it hasn’t denied that it is going along with this agreement to kill Net Neutrality.

The Google-Verizon deal allows giant corporations to control which websites load quickly and easily on the internet while dumping everyone else onto a slow internet connection. Google has opposed limiting internet access in the past.

Because Google and Verizon are two powerhouse corporations that have historically been on opposite sides of this issue, an agreement between them will put enormous pressure on the FCC to go along with their recommendations. Essentially, two giant corporations may be deciding the future of the internet. If the Obama administration goes along, and if the public doesn’t push back right away. Click here to help stop them now.

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November 22, 2009

America and Sub-Optimal Solutions

Some economists and talking heads are finally figuring out that a national political paralysis is not a good thing. For generations the U.S. political system has been closely connected with money and a well-funded lobby. Gerrymandering on the part of politicians picks only the pockets of America. Americans have lost almost all control and China is cleaning the clocks of America. They own the U.S. national government through huge loans and in turn, the capital and power of the American people.

Now columnist Thomas Friedman is worried that America is producing “sub-optimal solutions” to big problems like an education system in decline and a weak economy. He also thinks cable news television distorts the truth and that the internet can be a terrible thing for the nation’s politics. He claims that American businesses have left the country, participating in America only when it suits their needs. Why? The corporate oligarchy is looking only after themselves. National concerns are not truly relevant to them.

Friedman talks about a crisis in self-governance but leaves out influence of the people. Strangely, Friedman doesn’t seem very concerned about the well-being of the American people or freedom of expression. He sees open viewpoints as a vehicle for extremists. He is concerned only with corporatism and how this is linked with government with the means of controlling the current power structure.

June 25, 2009

The Free Lunch: Digital Economy Creates Expectations

Filed under: corporatism, economy, money, technology — Tags: , , , , , , , , , , — digitaleconomy @ 10:33 am

free lunchAs savvy users storm the internet and costs for running the internet drop, the business world is discovering that the traditional business model may be on its ear. Internet businesses like Amazon also find themselves in a commanding position to make money in a diminishing market at the expense of traditional business. This has actually been in evidence for quite some time as the downward pressure on prices online continues, and along with it, the opportunity to make a buck. This has been evident in the world of freelance, as the global digital economy takes prices, including levels of fraud and piracy to new unheard of levels. Making a buck online is no longer an assumption as old internet models fail to produce the desired result: profits. Computer users expect to use services and acquire goods for free, without cost to themselves. Already, many services online are free. Business is being forced to comply in order to compete since online customers refuse to pick up the tab. Free has evolved from a marketing gimmick to an expectation. Naturally, business continues to resist the drive of the consumer. Now internet services are being used with the hope of baiting consumers, but this isn’t working as the average user becomes more cynical and savvy. The old maxim “keep your money in your pocket” continues to prevail as the world of business wonders how to keep the business world strictly business.

May 26, 2009

Corporate Control through the Digital Economy

The digital economy has become synonymous with the large amount of global data, often blindly called information, that the world creates through life on the internet. Those corporate rustlers in the data storage business are doing very well indeed even though the immediate rewards of this investment remain mostly in the future while the world endures the continuing fallout from a global financial meltdown.

end of advertisingMost of this corporate benefit has been on the backs of corporate slavery in the backrooms and factories of the third-world as the increasing strength of a global corporate fascism grows and concretes influence in the world. Jobs in America and any economic powerhouse have been sold to the lowest bidder, typically overseas by corporate junkets that claim to have your best interests at heart. They have sold you their truth that life is simply about consumption of goods. Live for the moment. Just do it. Obey your thirst. Corporate fascists are there to rake in the profits while that opportunity exists in the hope of building a global society that they can further rule, influence and plunder.

Right after 9/11, George Bush did not instruct Americans to pray or to unite in common purpose in religious temples. Instead, President Bush encouraged America to go out and shop in temples of commerce. America must not allow terrorists to divert the economy that defines ‘our’ society and power. Through that very economic engine and toil, corrupt and cynical corporate executives of financial institutions have plunged the economies of virtually every nation into the tailspin of recession and employment stagnation. This action of corporate fascists has not been truly recognized and they remain in control as never before as the controllers of currency and commerce. They remain central to ongoing efforts to revive the decimated global economy.

Fascist corporatism now defines the world. America and much of the modern world has a fear of any lack of consumption like the global economy is enduring now. We must be convinced that we must buy now and pay later for the very system in place depends on this reality. Even worse, America has come to realize that the rest of the world has been funding this endeavor in recent years as the fever of fascist consumerism broke with the economic overheating. Much of the world and notably most Americans can no longer continue to eat at the trough of ardent consumerism that has been propelled into superstardom over the last several decades. Credit has been maxed out and personal income commandeered by corporate and government fascists as they stoke the temporary delusions of their bottom line.

The human race has turned the space race into the information age of science and technology, an endless storage bin of computer space into which we cast our hopes, dreams and fantasies, even our futures and of course, the corporate bottom line…for better or worse. We are addicted and will be manipulated to meet the needs of the current powers in place or those that reside in the future.

human lobsterIs there any other reason for the expansion of millions of terrabytes of digital power out there? Does home video really make that much money for corporate fascists? Hardly. Do personal blogs hold the purpose of the world? Unlikely. We are simply human lobsters in what will be a boiling pot given enough time. Humans are food for government control and corporate fascists. We haven’t realized the plans of the power structure in place just yet, even as the plans of those in influence continue to evolve and materialize. It is all about the power of psychology and what information global corporates can mine from your life to benefit themselves, their financial structure and to build their future. Google has only begun to mine data from your life. They may well know more about you than you do. Once that data is used to influence and manipulate, advertising and data mining achieve their pinnacle of success in the name of convenience and customer service.

The American miracle of the internet now holds the building blocks of a new global economy and global manipulation that has never been seen before. The ‘new fascists’ proclaim innovation in technology and processes with the idea of world domination for their own good. The rights of the individual mean nothing in the grand scheme. The small businessman must be crushed or controlled by higher powers. You are simply a means to their end: record profits and control of the market at any cost. The internet will be their social tool. The digital economy is an expansion of the human third-world flesh factory as billions of human lives continue to pour into a global mechanism of control and manipulation.

November 5, 2008

Post-Election Rays of Hope?

eight-ballRetailers are strategically masterminding new ways to get you to spend your money. Considering that the cost of gasoline is down, the job has suddenly become somewhat easier. All over the world in prime economies, news articles have appeared after the U.S. election celebrating a suddenly brighter consumer picture. The picture is not exactly what it seems.

Retailers are taking drastic action through hoarding cash and cutting prices in the hope of adequately coping with an ongoing recession, projected and expected to last until about the summer of 2010 by many economists and analysts. Real world retailers are suffering greatly because of the new digital economy of the internet. Even internet retailing isn’t so rosy as businesses must cut prices in order to get the attention of consumers and keep sales even. Slumping sales have been a major problem, even among the garage sale atmosphere of Ebay, where prices can’t seem to go low enough to satisfy the buyer. The cheap cost of new goods makes the value of used goods virtually worthless. The only hope is to try to make a dollar or two on handling fees or shipping.

For the fickle world of investment, the immediate prospect looks even worse. A glut of new shopping facilities, the rising cost of importing goods and the growing impact of internet shopping are creating new pressures with the result that profitability is suffering, even as the holiday season comes full circle once again.

getting noticed

getting noticed

What most larger businesses have done is to chop into their cache of innovative ideas or even the prospect of considering them. One ray of post-election hope is for the small businessman online if he can just get the attention of the browsing public. This assumes, of course, that the public knows what it wants before they get online. That isn’t how most customers shop. Advertising is down and snafus among the gloried advertising models of Google and Yahoo don’t seem to make the prospects brighter, only muddier. This bright side for the consumer is that prices are coming down and monetary units are going farther for the first time in years. This natural price adjustment is a natural part of the cycle fueled by years, perhaps decades of abusive overpricing, lending and credit.

As former corporate employees wear out the availability their unemployment checks, reserves and pensions, they will be forced to be creative in order to survive. Ultimately, this means a boom in new small business ventures. Most of these new adventures are operating on a shoestring of personal finance, leaving investors little opportunity. Those that are willing to invest what they have in themselves will eventually encounter great opportunities as they work through the trials of getting their business model right. The small businessperson is the new ray of hope for the foundering global economy. ~ E. Manning

October 5, 2008

U.S. Government Plans New Cyber Security

To highlight National Cyber Security Month, U.S. Homeland Security Secretary Michael Chertoff expressed his desire for an aggressive computer infrastructure that would provide an aggressive defense, much like an anti-aircraft weapon.

The initial effort of the federal government, often referred to as Einstein, was designed protect the government computer network from internet and computer attacks by limiting the number of portals to government computer systems and searching for signs of cyber tampering.

Einstein 2.0 is a new system being tested to detect computer intrusions as they happen in real time. How strange when Chertoff announced that would like to see a program that looked for early indication of tampering and stop that tampering before any further efforts could be made. Isn’t that what Einstein 2.0 is all about? Apparently, even Einstein 2.0 is not strong enough medicine for Chertoff.

For years, government information has been compromised. Notable was an event made public in 2003 where Chinese government hackers routinely entered National Security Computers. Chertoff is fearful of terrorist activity that could “cause potentially very serious havoc” to government systems. This says nothing of the potentially secret and private data that would be lost to an enemy attacker forever. He plans on making the investment now instead of waiting for a catastrophe.

He admits that since the internet is seen as a place of freedom and privacy, coming in and taking over the national internet would create a great deal of discomfort. “We are deliberately going slowly because we recognize that the issue of government involvement in the Internet is fraught with all kinds of potential concerns and potential anxieties about not having the government have a big-foot impact on an area of communication and commerce that has traditionally been viewed as really independent and free.”

The Bush administration released a new National Cyber Security Initiative in January 2008 that spelled out increased security for federal government computer systems. Current anti-virus and firewall protection is not seen as robust enough. The other Bush plan in the security initiative is to develop cooperative measures with the private sector to address threats to businesses. This includes not only protection from hackers, but also from counterfeit parts, which an individual or another nation could use to create computer vulnerabilities in the United States.

One item is being publicly overlooked. The reality is that with the current complexity of programs today, a system could be easily compromised on the inside by savvy programmers. Sending computer and data work overseas as well as using foreign workers with temporary visas are highly questionable in a time when security seems to be the chief concern of some governmental authorities. Yet, that is exactly what U.S. industry and government continues to do, subverting the U.S. employment market with the pretense of saving money and failing to mandate secure procedures. How will a program that is written in a foreign land by foreign programmers meet the real security test. The best security program can be easily compromised by internal or planted terrorists. Keep in mind that one man’s terrorist is another man’s hero.

The U.S. government is clearly interested in stepping up surveillance and protection in the name of security. Do we trust them enough to do the job right using taxpayer money or does the U.S. government have any business meddling with internet any more than they do now? ~ E. Manning

Related articles:

New Surveillance Law Threatens American Privacy
Does Government Surveillance Harm Society?
Surveillance and National Security: Where is America Going?
Domestic Spying Threat Continues

September 28, 2008

Liquidity Crisis is Accounting Semantics

In dealing with the bailout the reader needs discernment that is provided on this website. Remember that the ultimate solution for global banking per the global central bankers is the integration of Basel II rules. Basel II rules don’t prohibit the kind of banking profitaking or abusive policies that we have seen in the United States over the last decade or more. Basel II, the creation of global bankers is little more than a charade, pretending to be a solution for little or nothing. Basel II merely restricts the surface exposure of the tricks that accountants play with the direction of their superiors.

The bottom line is that the liquidity crisis in America is in large due to semantics in accounting, combined with the fear of bankers. When payback has come home to roost, bankers have become very protective of themselves. The result is clear to see. These accounting tricks that are used by bankers and big business to bolster the bottom line while accentuating power and growth has become the established tour de force of the industry that they don’t want to give up. If you haven’t deduced the truth from reading this blog over the last year, know the truth now. The crisis that we have in largely based in fear because of rampant abuse of the system. Bankers know what awaits them because of what they have done along with the sponsorship of the U.S. government. Turning a blind eye to improper banking and accounting standards because those standards “enriched” the nation has finally completed the cycle. Regulations weren’t the problem. The will to enforce regulations along with acceptable standards was and still is the Achilles Heel of the system.  

What everyone in the U.S. economy has forgotten about is the glory of small business creativity and empowerment that the United States as a nation used to enjoy. Instead, the U.S. has turned to fascist corporate policy and close scrutiny on personal freedom as the safe way to live and profit. Increasing control, now available through computers, the internet and global tracking technologies is becoming the established way of policing the nation. A meaningful grass roots recovery will be difficult to impossible until this changes. Ultimately, this is what is needed to restore any level of quick recovery to the nation. Politicians must give up some of the control that they are determined to enjoy. ~ E. Manning

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