Busted: Bankers and The Global Economy

July 24, 2010

U.S. Worries Over Deflation

The nation has a nasty case of stagnation, fueled by significant employment issues and rising defaults. Prices are falling while most consumers resist buying. When deflation begins and prices fall, it seems like a good thing. Then, lower prices cut into business profits which results in trimming payrolls. This further undermines buying power, which leads to lower profits, fewer jobs and lower wages. All this results in economic contraction.

With all the cutbacks, buyers that have the funds wait for better deals through even lower prices, which magnifies deflation. As a result, the nation plunges into a downward economic spiral that is hard to escape. This is exactly what the United States faces.

The nation’s capital is feeling the guilt as they look at other in dismay about the rising deficit and inflation, even though they advertise to the world that inflation doesn’t exist here. Economists around the world see great potential for deflation of the dollar, which already would be the case, were it not for declining currencies across the globe.

The statistics say it all. Consumer prices have declined each month for the last three months, putting inflation above last year. They claim that the core inflation rate is at a 44 year low at less than one percent. So why are they worried? The Federal Reserve likes to see an inflation rate of 3% because this puts more money in their corporate pockets.

Private economists and financial experts are more concerned. Some of them see the possibility of deflation at more than fifty percent. This is compounded by unemployment, lack of production and lower spending.

Should deflation occur, the central bank has the tools to reverse it according to Ben Bernanke, even though the Federal Reserve has interest rates at historical lows and has pumped trillions into the financial system. The books have been cooked baby, to the loss of the United States. Bernanke claims the U.S. economy is more vibrant and productive than Japan’s was in the 90s. The difference is supposed to be that Japan’s labor face was actually declining, while the States has plenty of labor.

In my words, there are plenty of financially-broken and impoverished Americans to take advantage of, with the hope of restoring the economy on their collective backs. Wall Street and multinationals aren’t suffering beyond the losses of jobs they incurred during the recession. Let’s face facts, they didn’t suffer much at all. Their employees did. That’s the way it is.

The little guy at the bottom, so far, is the one that has truly paid for the recession and the remainder of its fallout. They are ones that will continue to pay.

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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.

August 25, 2008

Are You Better Off This Millenium?

Media pundits, in any economic times often present the idea that it doesn’t matter how the economy is doing, but how well you are doing. This is an especially potent question during this election year as Americans prepare to vote their conscience for the next 4 years of public and political policy.

Most people consider the foundation of economic well-being as their job. While this aspect of life puts food into your mouth and determines what kind of car that you buy or the size and beauty of the house you live in, a job is probably not a realistic determination of where you truly stand in the economic world.

Most people consider income as the ultimate measure of economic success. You may have seen your wages remain flat over the years. Does your money go as far as it used to even if you do make more? Wage stagnation has been a national problem for years.

The crumbling housing market is at the root of much of America’s current economic instability. Despite declines in value, most homes at this point and time are still worth more than they were at the turn of the millennium. How has your asset value fared?

What about your net worth? Have you managed to put away money for the future or are you stuck in an endless cycle on the treadmill of debt? How you feel about your life probably hinges in large measure on a combination of all these sentiments. What is the reality?

Inflation is what determines the real value of all these measures and sentiments. Inflation is a silent robber that you don’t always see and yet is responsible for a large measure of any financial issue that comes along, whether accidental or intentional.

Inflation is often understood to mean a rise in the general level of prices of goods and services over time in any given economy. Inflation is much more. Inflation also refers to the increase of the money supply without the increase of monetary value or devaluation of currency.

We’ve grown fond of referring to the inflation as a beautifully small number such as 3%. At this level, inflation seems well-controlled and quite harmless. However, the grand scheming lie is that inflation is a low as it is. While inflation figures are computed monthly and change constantly, monthly figures, often average over time are the figures that are used for public consumption.

You only need to visit a place like inflationdata to begin to understand inflation’s effect on your finances in the grand payment plan of life. We have been taught to understand that common statistics are somehow an average of economic forces for the month, magically balanced for the year at a certain point and time. The reality is very different. Inflation is always portrayed as low and controlled.

The reality is that modern financing is built on monthly estimates to make the appearance of costs appear lower. Take the figure presented for any month as a reduction in your income for that given month. In theory, if the rate could stay the same, you would multiply that rate by 12 (for the number of months in a year) to get your inflation rate for the year. Whatever that yearly inflation rate is the amount of loss in your real spending power. That is the brutal truth.

Business may create new ways to lower costs, for example, by sending work overseas to make less expensive products and thus fueling other economies. When money leaves a regional economy, that money further devalues the currency you are using. Inflation is a fool’s game. Ultimately, whether costs are immediately higher or not, you will come to suspect that your money isn’t going as far, even if you spend conservatively.

Economists and government statisticians are constantly jiggering with how inflation is computed and creating new ways to make inflation appear low or non-existent. The myth of 3% inflation is just that: a myth promoted by the Federal Reserve Bank and global central bankers.

Next time you ask the question as to whether you are better off, you now know the correct answer. As long as bankers run the world using the current standards, including fractional-reserve banking, you cannot be better off unless you beat the real inflation rate. In the workaday world of a 9-to-5 working joe, that is a virtually impossible task. Only creative investors and business entrepreneurs can hope to beat the devaluation of currency after the onslaught of taxes, fees, labor costs and overhead. Even they still lose over time. Devaluing currency is a no-win situation over the long haul. Perhaps now you can appreciate the desperation of investors to beat the system and bankers to devalue your currency to make more money for themselves, while putting a smiley-face on the inflation rate as the value of your money drops.

~ E. Manning

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