Despite The Ongoing Efforts To Cover Up The Scope Of The Disasters, New Videos Prove That All Is Not Well At Fukushima … Or The BP Oil Spill Site


Despite the ongoing efforts to cover up the scope of the disasters, new videos prove that all is not well in Fukushima ... or the BP oil spill site.

A strange flash was observed at the Fukushima nuclear power plant:

And a new 10-mile oil slick was spotted in the area of BP gulf oil spill:



There Are More Slaves Today Than At Any Point In Human History


More Slaves Today Than Ever Before In History

You would assume that - as messed up as things may be today - at least there is not widespread slavery, as in ancient Egypt or the American south.

But as Time Magazine noted last year:

Despite more than a dozen international conventions banning slavery in the past 150 years, there are more slaves today than at any point in human history. Slaves are those forced to perform services for no pay beyond subsistence and for the profit of others who hold them through fraud and violence. While most are held in debt bondage in the poorest regions of South Asia, some are trafficked in the midst of thriving development.
To help fight slavery, read this and - more importantly - get involved here.

And given that there are some who would like to put all of us in debt peonage, we should stand up for freedom and justice whenever and wherever we can.

Despite The Ongoing Efforts To Cover Up The Scope Of The Disasters, New Videos Prove That All Is Not Well At Fukushima … Or The BP Oil Spill Site


Despite the ongoing efforts to cover up the scope of the disasters, new videos prove that all is not well in Fukushima ... or the BP oil spill site.

A strange flash was observed at the Fukushima nuclear power plant:

And a new 10-mile oil slick was spotted in the area of BP gulf oil spill:



Labor Day Has Been Rendered Completely Meaningless (Happy Serf Day)


Labor Day ... Or Serf Day?

As I noted in 2008:

A highly-regarded economist (Michael Hudson, Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and who is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund) said:

"You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite."

In 2009, Foreign Policy magazine ran an article entitled "The Next Big Thing: Neomedievalism", arguing that the power of nations is declining, and being replaced by corporations, wealthy individuals, the sovereign wealth funds of monarchs, and city-regions.

The Government Continues to Destroy Jobs ... Not Create Them

Despite pretty words and psuedo-jobs programs, government policy is unrelentingly destroying American jobs - instead of creating them - by:

  • Encouraging companies to ship them abroad
  • Sending a large percentage of the funds for bailed out banks abroad
  • Encouraging mergers
  • Paying banks to park their excess reserves, instead of deploying them as new loans to Main Street
  • Encouraging redistribution of wealth upwards to the top .1% wealthiest
  • Enacting policies which (1) turn a blind eye to Wall Street fraud, (2) prop up the too big to fail banks, asset prices and leverage at any cost, and (3) spend stimulus money on the military and huge Wall Street firms, instead of on average Americans
(And no, Obama is not being misadvised; he simply has different priorities from the average American).

Labor Day Has Been Rendered Completely Meaningless

As Mark Provost has points out - the rich love high unemployment. Because all branches of government and the Federal Reserve are wholly captured by the top .1% (and see this, this and this), they are not very motivated to decrease unemployment.

And as David Rosenberg notes:
The "labor share of national income has fallen to its lower level in modern history ... some recovery it has been - a recovery in which labor's share of the spoils has declined to unprecedented levels."
Indeed, the government has made it official policy to protect the fat cats instead of helping the little guy.

Due to Americans' passivity in the face of those who act like lords, Labor Day has been rendered completely meaningless.


Labor Day Has Been Rendered Completely Meaningless (Happy Serf Day)


Labor Day ... Or Serf Day?

As I noted in 2008:

A highly-regarded economist (Michael Hudson, Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and who is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund) said:

"You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite."

In 2009, Foreign Policy magazine ran an article entitled "The Next Big Thing: Neomedievalism", arguing that the power of nations is declining, and being replaced by corporations, wealthy individuals, the sovereign wealth funds of monarchs, and city-regions.

The Government Continues to Destroy Jobs ... Not Create Them

Despite pretty words and psuedo-jobs programs, government policy is unrelentingly destroying American jobs - instead of creating them - by:

  • Encouraging companies to ship them abroad
  • Sending a large percentage of the funds for bailed out banks abroad
  • Encouraging mergers
  • Paying banks to park their excess reserves, instead of deploying them as new loans to Main Street
  • Encouraging redistribution of wealth upwards to the top .1% wealthiest
  • Enacting policies which (1) turn a blind eye to Wall Street fraud, (2) prop up the too big to fail banks, asset prices and leverage at any cost, and (3) spend stimulus money on the military and huge Wall Street firms, instead of on average Americans
(And no, Obama is not being misadvised; he simply has different priorities from the average American).

Labor Day Has Been Rendered Completely Meaningless

As Mark Provost has points out - the rich love high unemployment. Because all branches of government and the Federal Reserve are wholly captured by the top .1% (and see this, this and this), they are not very motivated to decrease unemployment.

And as David Rosenberg notes:
The "labor share of national income has fallen to its lower level in modern history ... some recovery it has been - a recovery in which labor's share of the spoils has declined to unprecedented levels."
Indeed, the government has made it official policy to protect the fat cats instead of helping the little guy.

Due to Americans' passivity in the face of those who act like lords, Labor Day has been rendered completely meaningless.


Labor Day Has Been Rendered Completely Meaningless (Happy Serf Day)


Labor Day ... Or Serf Day?

As I noted in 2008:

A highly-regarded economist (Michael Hudson, Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and who is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund) said:

"You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite."

In 2009, Foreign Policy magazine ran an article entitled "The Next Big Thing: Neomedievalism", arguing that the power of nations is declining, and being replaced by corporations, wealthy individuals, the sovereign wealth funds of monarchs, and city-regions.

The Government Continues to Destroy Jobs ... Not Create Them

Despite pretty words and psuedo-jobs programs, government policy is unrelentingly destroying American jobs - instead of creating them - by:

  • Encouraging companies to ship them abroad
  • Sending a large percentage of the funds for bailed out banks abroad
  • Encouraging mergers
  • Paying banks to park their excess reserves, instead of deploying them as new loans to Main Street
  • Encouraging redistribution of wealth upwards to the top .1% wealthiest
  • Enacting policies which (1) turn a blind eye to Wall Street fraud, (2) prop up the too big to fail banks, asset prices and leverage at any cost, and (3) spend stimulus money on the military and huge Wall Street firms, instead of on average Americans
(And no, Obama is not being misadvised; he simply has different priorities from the average American).

Labor Day Has Been Rendered Completely Meaningless

As Mark Provost has points out - the rich love high unemployment. Because all branches of government and the Federal Reserve are wholly captured by the top .1% (and see this, this and this), they are not very motivated to decrease unemployment.

And as David Rosenberg notes:
The "labor share of national income has fallen to its lower level in modern history ... some recovery it has been - a recovery in which labor's share of the spoils has declined to unprecedented levels."
Indeed, the government has made it official policy to protect the fat cats instead of helping the little guy.

Due to Americans' passivity in the face of those who act like lords, Labor Day has been rendered completely meaningless.


Labor Day Has Been Rendered Completely Meaningless (Happy Serf Day)


Labor Day ... Or Serf Day?

As I noted in 2008:

A highly-regarded economist (Michael Hudson, Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and who is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund) said:

"You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite."

In 2009, Foreign Policy magazine ran an article entitled "The Next Big Thing: Neomedievalism", arguing that the power of nations is declining, and being replaced by corporations, wealthy individuals, the sovereign wealth funds of monarchs, and city-regions.

The Government Continues to Destroy Jobs ... Not Create Them

Despite pretty words and psuedo-jobs programs, government policy is unrelentingly destroying American jobs - instead of creating them - by:

  • Encouraging companies to ship them abroad
  • Sending a large percentage of the funds for bailed out banks abroad
  • Encouraging mergers
  • Paying banks to park their excess reserves, instead of deploying them as new loans to Main Street
  • Encouraging redistribution of wealth upwards to the top .1% wealthiest
  • Enacting policies which (1) turn a blind eye to Wall Street fraud, (2) prop up the too big to fail banks, asset prices and leverage at any cost, and (3) spend stimulus money on the military and huge Wall Street firms, instead of on average Americans
(And no, Obama is not being misadvised; he simply has different priorities from the average American).

Labor Day Has Been Rendered Completely Meaningless

As Mark Provost has points out - the rich love high unemployment. Because all branches of government and the Federal Reserve are wholly captured by the top .1% (and see this, this and this), they are not very motivated to decrease unemployment.

And as David Rosenberg notes:
The "labor share of national income has fallen to its lower level in modern history ... some recovery it has been - a recovery in which labor's share of the spoils has declined to unprecedented levels."
Indeed, the government has made it official policy to protect the fat cats instead of helping the little guy.

Due to Americans' passivity in the face of those who act like lords, Labor Day has been rendered completely meaningless.


When the Rich Get Richer, It DOESN’T Raise All Boats … It SINKS The Standard of Living For Everyone Else


I've repeatedly noted that rampant inequality destabilizes the economy as a whole, and actually causes depressions ... but that government policy is increasing inequality.

I've also pointed out that no one - liberal or conservative - likes runaway inequality.

Now, Jeffrey P. Thompson (Assistant Research Professor at the Political Economy Research Institute of the University of Massachusetts, Amherst) and Elias Leight (Assistant Analyst Tax Analysis Division of the Congressional Budget Office) have demonstrated that when the wealthiest Americans get richer, everyone else becomes poorer.

For example, they demonstrate that when the wealthiest Americans get 10% richer, middle income Americans get 2% poorer.


When the Rich Get Richer, It DOESN’T Raise All Boats … It SINKS The Standard of Living For Everyone Else


I've repeatedly noted that rampant inequality destabilizes the economy as a whole, and actually causes depressions ... but that government policy is increasing inequality.

I've also pointed out that no one - liberal or conservative - likes runaway inequality.

Now, Jeffrey P. Thompson (Assistant Research Professor at the Political Economy Research Institute of the University of Massachusetts, Amherst) and Elias Leight (Assistant Analyst Tax Analysis Division of the Congressional Budget Office) have demonstrated that when the wealthiest Americans get richer, everyone else becomes poorer.

For example, they demonstrate that when the wealthiest Americans get 10% richer, middle income Americans get 2% poorer.


When the Rich Get Richer, It DOESN’T Raise All Boats … It SINKS The Standard of Living For Everyone Else


I've repeatedly noted that rampant inequality destabilizes the economy as a whole, and actually causes depressions ... but that government policy is increasing inequality.

I've also pointed out that no one - liberal or conservative - likes runaway inequality.

Now, Jeffrey P. Thompson (Assistant Research Professor at the Political Economy Research Institute of the University of Massachusetts, Amherst) and Elias Leight (Assistant Analyst Tax Analysis Division of the Congressional Budget Office) have demonstrated that when the wealthiest Americans get richer, everyone else becomes poorer.

For example, they demonstrate that when the wealthiest Americans get 10% richer, middle income Americans get 2% poorer.


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