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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October 12, 2010

U.S. on the Way to the Third World?

Everyone is talking about unemployment, but nobody is talking about the long-term reality of the U.S. economy. Wall Street is playing investment games with agricultural commodities to make money, which is now impacting prices apart from traditional supply and demand. This translates to higher prices despite a poverty-stricken economy. Food processors and manufacturers are cutting products sizes and raising prices, which means that Americans continue to get the short shrift on all sides.

Then there are the jobs. This month the U-6 category from the Bureau of Labor Statistics (a measure of unemployment that includes those who have stopped looking for work)  jumped to 17.1%, yet another red flag.

Also, consider the U.S. trade deficit that sends billions of dollars overseas to foreign countries, never to return, evaporating into the global economy. The deficit means that the Fed will print more money to add to an already robust global dollar supply.

The nation has another banking crisis, where it has been revealed that fraudulent foreclosure documents were signed without evaluation. This could plunge both the the mortgage industry and the banking industry into another “too big to fail” bailout. Who are we kidding? Messy lawsuits could be the order of the day as buyers and investors seek redress for damages, either real or imaginary. All this financial pressure will undoubtedly influence exporting more jobs outside of America to cut corporate costs. That is why you are hearing all the media hype about Americans not being trained enough for sophisticated jobs that they no longer qualify for. They are preparing you for the ugly truth, even if the reasons are really fiction.

Many Americans struggle to pay for necessities now as those prices continue to rise. Food basics are once again on the rise. Food processors are likely to pass that on American consumers. To counter all the bad news, the Fed is considering creating inflation with the hope of boosting the economy. Printing more dollars to send overseas is hardly a solution. Printing dollars to keep those dollars here is the only viable solution, but hardly an option since most corporate shareholders only care about the bottom line as they send the bulk of their work to cheaper labor markets. Whether that bottom line rests on foreign factories or in American ones doesn’t matter to them.

This short-sided thinking is unsustainable at best, even as corporations seek government funding because they are unwilling to take risks in the U.S. marketplace. They seek that money only because the U.S. government is stupid enough to offer incentives to those that don’t really need the cash. It just pads the bottom line for larger corporations, as that money evaporates forever with little reward for Americans. Meanwhile, the media continues to boast that small business is responsible for a robust economy, even as the U.S. government penalizes small business. Enjoy the new American third world and the decline of the nation in favor of funding multinational corporations.

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.

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