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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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.

June 14, 2009

Recovery: New Technology and Financial Literacy With a Glimmer of Hope

There are signs that the rapid decline in economic activity of the past few quarters is slowing. Per the observation by the Federal Reserve, stabilization or improvement will begin from very low levels compared with those the levels of previous recoveries. This recovery is likely to be painfully slow and “the economy unusually vulnerable to new shocks. The news remains bad in two areas of direct importance to American families: Unemployment continues to rise and housing prices continue to decline.”

“Government-provided liquidity and guarantees remain as necessary supports in many areas. Because the collapse of these same markets set off the present crisis and the serious recession that has followed, the case for far-reaching reform appears a strong one.”

The Federal Reserve admits the fact that banks are highly leveraged, presumably due to the fractional reserve backlash in this crisis and compounded by creative banking instruments that have brought the system to its’ knees. Many bankers have been highly creative in protecting themselves from public or government scrutiny on an ongoing basis.

The Fed readily admits:

“that a malfunction in the financial industry can immediately and profoundly harm the entire economy…As we have seen to our dismay in the last year, even where such support is forthcoming, the resulting damage inflicted on the real economy by the financial sector can still be extensive, and the potential costs to taxpayers can still be high.”

financial literacyFor some time, the Federal Reserve has heralded the idea of financial literacy as if it were some ‘new technology’. Now the Fed has realized its’ own training regarding the need for a new financial literacy. The Fed now admits “that systemic risk was very much built into our financial system,” spotlighting the too-big-to-fail phenomenon as one of the most problematic systemic risks in the financial system.

Many members of the Fed now admit that we much apply ‘new technology’ to financial literacy and systemic risk in an effort to overcome the greed syndrome that has wracked U.S. and global banking for the last several decades. The problem remains that central bankers, like the Federal Reserve, are now in charge of implementing policy that can pad and perpetuate their own bottom line and purpose for existence since all central bankers are, in reality, a closed brotherhood or society devoted to their own corporate and global power in the financial system as they tap profits from their own system to benefit the global system and the shareholders of the global corporate central banking system. ~ E. Manning

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.

May 8, 2009

The New Brand of Corporatism: Unemployment

unemployedThe fruits of the ‘new brand’ of corporatism have squarely placed the nation and world where it is today. Corporate cheerleaders and government experts are now combining forces to create a new outlook that fully accepts policy of the last few decades. For many decades, government has quietly adjusted record keeping to massage public statistics.  Once again, corporatism and a fully complicit government is seeking to adjust the future of the United States by redefining full employment. This vanity seeks to install the idea that we don’t need economic health or reasonable employment to enjoy record profits or the ideal of prosperity. If we can’t have prosperity the way the leaders of corporatism want, they will simply redefine that definition of prosperity to fit their own mold while continuing to blow their own horns.

The experts want the nation to bite off on the notion that “post-recession America” will be stressed with high unemployment even after the good times return. Good times for who? Obviously, the outlook of good times without a sizable portion of the United States participating involves only the outlook of corporate bodies and the capability of maintaining or promoting profits for the structure of the current system in place. The economy of the whole of the nation isn’t being considered, at least not realistically.

unemployment4Millions of jobs have vanished forever. Most will find it harder than ever to get hired again. The idea is being promoted that we will be required to accept lower earnings and a diminished economic role in the country as the rich get richer and the poor and disenfranchised fall off the economic map and into government assistance. As it stands approximately 54% of America that is employed is paying for the rest of America’s unemployed, disabled, retired and imprisoned.

unemployed1The ‘new brand’ of corporatism considers that employment has nothing to do with economic prosperity. Politicians and ‘economic corporatists’ console themselves and hopefully the populace by stating that the natural rate of unemployment neither accelerates or decelerates inflation.  They want us to accept a markedly higher ‘natural rate’ of unemployment by disassociating employment from the economy.

All this is drizzled by the news media with the admission that there is no relief in sight for the unemployed. By the admission of many, like Laurence Ball, it will be a long time before the nation sees 5 percent unemployment rates.

Then the media fully deploys the most heinous part of the corporate plan. The more time that workers spend without a job, the less attractive they become. Why? Ostensibly because the unemployed are not keeping up with ‘new technology’. This skewed outlook of corporatism is expected to keep the unemployment rate elevated. In the same breath, the experts say that the unemployed become discouraged and change lifestyle. Corporatism has dealt America a very nasty blow indeed and isn’t finished yet. Should Americans continue to bite off on the same old political and social wisdom of the past? We have a right and the privilege to reinvent ourselves. I encourage you to get on the road to reinventing yourself and standing on your own two feet without being dependent on corporatism. Otherwise, you have very little to look forward to beyond spending endless amounts of cash on dubious college training to continue to tickle corporatism’s insane fancies. ~ E. Manning

October 11, 2008

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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