Friday, May 29, 2015

Hill$$$ & Bill$$$ and the Art of Looting Charities


NYT: An Award for Bill Clinton Came with $500,000 for His Foundation

 
by Breitbart News29 May 201564

To commemorate the 10th anniversary of the 2004 Indian Ocean tsunami, Petra Nemcova, a Czech model who survived the disaster by clinging to a palm tree, decided to pull out all the stops for the annual fund-raiser of her school-building charity, the Happy Hearts Fund.

She booked Cipriani 42nd Street, which greeted guests with Bellini cocktails on silver trays. She flew in Sheryl Crow with her band and crew for a 20-minute set. She special-ordered heart-shaped floral centerpieces, heart-shaped chocolate parfaits, heart-shaped tiramis├╣ and, because orange is the charity’s color, an orange carpet rather than a red one. She imported a Swiss auctioneer and handed out orange rulers to serve as auction paddles, playfully threatening to use hers to spank the highest bidder for an Ibiza vacation.

The gala cost $363,413. But the real splurge? Bill Clinton.

The former president of the United States agreed to accept a lifetime achievement award at the June 2014 event after Ms. Nemcova offered a $500,000 contribution to the Bill, Hillary and Chelsea Clinton Foundation. The donation, made late last year after the foundation sent the charity an invoice, amounted to almost a quarter of the evening’s net proceeds — enough to build 10 preschools in Indonesia.

THE CLINTON FOUNDATION HANDS OUT $9 MILLION TO CHARITIES…. only about 6 cents out of every dollar they hustle….. AND BUY CHELSEA A $11 MILLION NYC APARTMENT.

images of Chelsea’s $11 million dollar condo here:


REALITY CHECK ON HILL$$$ and BILL$$$ and Miss One Percent  Chelsea... living the good life from the sweet bribes of Wall Street's biggest criminal corporations and global Muslim dictatorships.




Clinton Foundation Put On Watch List Of
Suspicious ‘Charities’


“This decision wasn’t made because of the Clinton Foundation’s remarkably lucrative sideline as a uranium superstore for Russian strongmen, but because its finances are opaque and dishonest, and because such a tiny amount of the money it rakes in actually goes to charitable endeavors. “The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid,” notes the New York Post. “The group spent the bulk of its windfall on administration, travel, and salaries and bonuses, WITH THE FATTEST PAYOUTS GOING TO FAMILY FRIENDS.”

Just like EVA and JUAN PERON, the money just keeps rolling in!

 

BILLARY and HILLARY CLINTON - SELLING OUT THE AMERICAN PEOPLE AND 

GETTING RICH DOING IT!

 

Another possible explanation is that the Clintons don't believe voters will really care that much. The renting of the Lincoln  Bedroom to people who gave $5.4 million to the Democratic  National Committee in 1995 and 1996 did no lasting damage to Bill's approval ratings. Neither did the 1996 fundraising scandal involving illegal foreign donations, which the Los Angeles Times reported on just before the president easily won a second term.

Ann Coulter Previews New Illegal Immigration Book; ‘This Is the One Debate You Cannot Hear in America’

Ann Coulter Previews New Illegal Immigration Book; ‘This Is the One Debate You Cannot Hear in America’


HOW MANY ILLEGALS WERE DEPORTED FROM YOUR
COUNTY?

A county by county chart:


A NATION OVERRUN BY ILLEGALS…. and then hands them millions of jobs and billions in welfare to keep them coming!

 
MEXICO’S WELFARE STATE in AMERICA’S

OPEN and UNDEFENDED BORDERS:
 


AMERICA: NO LEGAL NEED APPLY…. but we still get the tax bills for Mexico’s welfare state in our open borders!


SEN. RICK SANTORUM:

“Part of the problem, Santorum said, has been the arrival of millions of unskilled immigrants — legal and illegal — in the United States. "American workers deserve a shot at [good] jobs," Santorum said. "Over the last 20 years, we have brought into this country, legally and illegally, 35 million mostly unskilled workers. And the result, over that same period of time, workers' wages and family incomes have flatlined." SEN. RICK SANTORUM




What was once California…. OCCUPIED AND BANKRUPTED BY LA RAZA.

"Remember 187 -- the Proposition to deny taxpayer funds for services to non-citizens --- was the last gasp of white America in California." --- Art Torres, Chairman of the California Democratic Party… NOW THE PARTY for LA RAZA SUPREMACY

Half the murders in Mexifornia are now by Mex gangs.


Your state is the next Mexifornia!
 
Mexican-occupied Los Angeles County Supervisor Sheila Kuehl – A dedicated servant of the MEXICAN FASCIST MOVEMENT of LA RAZA – “The Race”.
Kuehl vows to build the Mexican welfare state on gringos’ backs.
"Remember 187 -- the Proposition to deny taxpayer funds for services to non-citizens --- was the last gasp of white America in California." --- Art Torres, Chairman of the California Democratic Party… NOW THE PARTY for LA RAZA SUPREMACY
 
BILLIONS OF DOLLARS IN WELFARE to ILLEGALS…. They also get our jobs!

THE LOOTING of AMERICA - US CEO pay hits record high - POVERTY SOARS FOR MOST AMERICANS

US CEO pay hits record high

The entire reason behind OPEN BORDERS, no E-VERIFY and AMNESTY is to keep wages depressed and hand over to the American middle-class billions paid out to illegals in the form of welfare!

Income inequality grows FOUR TIMES FASTER under Obama than Bush


The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.


BANKSTERS and the ongoing looting of the American people…..

“I’m not here to punish banks!” Barack Obama – State of the Union Message


Not a single major bank has been closed down or broken up since the 2008 crash, triggered by reckless and illegal speculative activities. Not a single bank CEO or top official has been prosecuted or jailed for crimes that have led to the impoverishment of countless millions of people.


Wednesday’s settlement is further evidence of the reassertion of the aristocratic principle in contemporary capitalist society: there is one set of laws for the vast majority, the working people, and an entirely different legal framework for the financial oligarchs—one that can be summed up with the phrase “Anything goes.”

 
Loretta Lynch – DEDICATED SERVANT TO OBAMA’S
CRONY CRIMINAL BANKSTERS! Why else would he nominate her?
http://mexicanoccupation.blogspot.com/2015/02/obama-and-his-crony-criminal-banksters.html
OBAMA’S PROMISE TO CRONY BANKSTERS: Not one day in prison!
 
“Nearly five years after the greatest financial crash since the Great Depression, triggered by rampant illegality and fraud on the part of the major banks, not a single major institution or leading bank executive has been indicted, let alone tried, convicted and jailed.”
OBAMANOMICS: CLOSET REPUBLICAN BARACK
OBAMA’S
 
GIFT TO THE 1% and WALL STREET LOOTERS!
 
 
“In reality, the budget proposal, cynically packaged and promoted as a populist
boon to the middle class at the expense of the rich, is dominated by corporate
tax cuts, expanded military spending, and cuts to Medicare.”
“As Obama and the Democrats know perfectly well, the supposedly “progressive”
elements of his budget will be rejected by the Republican  Congress, while the pro-
corporate and militarist meat of the proposal will be enacted.”
 
One in four  workers earn poverty wages

OBAMAnomics: 

"The politicians don’t care about the working and young people. We have billions in student loan debts, but they don’t help us, but they give billions to the wealthy."

 By Douglas Lyons
2 September 2013

One in four n workers, and two out of three workers under 24, are paid poverty wages according to a recent report released by the Keystone Research Center.

http://mexicanoccupation.blogspot.com/2013/09/obamanomics-at-work-soaring-poverty-in.html
WEALTH FOR RICHEST DOUBLES UNDER OBAMA – POVERTY IS

FOUR TIMES GREATER THAN UNDER BUSH.

ILLEGALS STILL GET OUR JOBS AND BILLIONS IN WELFARE OFF OUR BACKS!

Amnesty… it’s all about keeping wages depressed.



“As a result of the soaring stock market, the 400 richest individuals in the United States, whose wealth has doubled since 2009—the era of Obama. They now have a combined net worth of $2.29 trillion, larger than the annual output of the 130 poorest countries in the world.”

Hillary has declared bankster looting will see even greater rewards from her administration!

“In reality, the settlement falls far short of holding JPMorgan accountable for its fraudulent sale of mortgage-backed assets, which netted the bank tens of billions of dollars in profits while exacerbating the sub-prime mortgage crash that led to over ten million foreclosures in the US and a global economic downturn that thrust many millions more into unemployment and poverty.”

Silicon Valley Poverty Is Often Ignored

By The Tech Hub's Elite

TECH GIANT APPLE COMPUTER SAYS HELL NO TO PAYING TAXES and HELL NO TO HIRING AMERICANS! KEEP THE BOATLOADS OF CHINESE AND INDIANS COMING!


Tech firms fight hiring rules in immigration bill…. NO AMERICANS NEED APPLY!!!



Americans would "be shocked to know that most of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin, D-Ill., said during a recent hearing.


POVERTY SOARS UNDER OBAMA

SEN. JEFF SESSIONS (R)

No party can win without working and middle class voters. The path forward for the GOP is to become the party of the American worker. The party of higher wages. The party of full employment.

The Democratic Party has already cast its lot: its members have endlessly enabled the President’s anti-worker policies, including his wage-cutting agenda of uncontrolled immigration and the bleeding of American manufacturing wealth overseas.”


WILL OBAMA CAUSE THE IMPENDING GLOBAL  ECONOMIC MELTDOWN?
"Notwithstanding these powerful trends, the stock markets continue to power on, providing a graphic demonstration of the degree to which the accumulation of wealth by global financial elites has become divorced from the actual process of production."
STAGGERING EXPLOSION OF POVERTY IN AMERICA … as Obama eases millions of illegals into our jobs and hands them billions in welfare!
THE OBAMA and WALL STREET ASSAULT ON AMERICA… YOUR CITY IS NEXT!
This report is another example of the obscene concentration of wealth in America that has raised inequality to a level not seen in more than a century. Wages for workers in the United States are at their lowest level since the 1950s.
more at this link – post on your Facebook and email broadcast
 
Wall Street profits and the widening social divide in America
more at this link – post on your Facebook and email broadcast

http://mexicanoccupation.blogspot.com/2013/07/crony-capitalism-how-obama-looted.html

17 July 2013
The profits of the biggest US banks continued to swell in the second quarter of this year, even as the impact of five years of mass unemployment, stagnant economic growth and brutal cuts in social spending produced a further rise in poverty, homelessness and hunger.
REALY? TRULY? BUT ISN'T OBAMA A CLOSET REPUBLICAN???
 
Obama says Republicans blocking his efforts to fight economic inequality

http://mexicanoccupation.blogspot.com/2013/09/closet-republican-barack-obamas-biggest.html
The rich keep getting richer, combined net worth of America’s top 400 rises
By Associated Press, Updated: Monday, September 16
RICH GET RICHER: Forbes on Monday released its annual list of the top 400 richest Americans. Most of the top rankings didn’t change, but the fortunes of the majority of the elite club’s members grew, helped by strong stock and real estate markets.
HIGHEST TOTAL EVER: The people on the annual list posted a combined net worth of $2 trillion, up from $1.7 trillion a year ago. That marks their highest combined value ever.
STILL No. 1: Microsoft Corp. co-founder Bill Gates remains America’s richest man, taking the top spot on the list for the 20th straight year with a net worth of $72 billion, up from $66 billion a year ago.
THE MAN THAT CALLED HIS HOAX “CHANGE”
'Incompetent' and 'liar' among most frequently used words to describe the president: Pew Research Center
more at this link – post on your Facebook and email broadcast
The larger fear is that Obama might be just another corporatist, punking voters much as the Republicans do when they claim to be all for the common guy.

OBAMA'S AMERICA: THE RICH LOOT, THE REST GET THE TAX BILLS FOR THEIR CRIMES AND BAILOUTS!

The stock market is booming, the Forbes 400 are richer than ever, yet the conditions for youth and workers are disastrous. War continues without end, and Obama has gone far beyond Bush in rendering the Bill of Rights a dead letter.




 
 
AMERICA’S ASSAULT on AMERICAN YOUTH … illegals still get the jobs and welfare
 

The fraud of Obama’s “Student Aid Bill of Rights”

By Nancy Hanover
23 March 2015
 
Last week President Obama announced a series of executive actions that he dubbed a “Student Aid Bill of Rights.”
 
The initiative is partially an exercise in damage control. It follows a series of lawsuits and scandals involving the Department of Education (DOE). The government agency has become the target of growing anger for protection of predatory student loan collection agencies, its bailout of the for-profit career college chain Corinthian and its overall profit-taking from student loans.
 
http://mexicanoccupation.blogspot.com/2015/03/barack-obama-and-his-crony.html
 
 
The 43 million Americans who owe some $1.3 trillion in student loan debt were offered zero forgiveness. In fact, Obama does not propose even one measure to actually lessen the ever-escalating cost of college or encroach on the lucrative business of student loan debt. All the “rights” remain in the hands of the government, the banks and hedge funds.
 
 Far from a “Bill of Rights” Obama continues to deliver a fraudulent bill of goods. At every point, his administration has protected the financial industry in looting an entire generation of students, preventing millions of young people from either attaining the education they desire or making them pay through the nose for the rest of their lives.
 

One in four  workers earn poverty wages
OBAMAnomics:
 
"The politicians don’t care about the working and young people. We have billions in student loan debts, but they don’t help us, but they give billions to the wealthy."
 
By Douglas Lyons
2 September 2013
One in four n workers, and two out of three workers under 24, are paid poverty wages according to a recent report released by the Keystone Research Center.

 




 
 
 
 

 
 
 
 
 
 

 

OBAMANOMICS - Wall Street buybacks: Another expression of parasitism

Wall Street buybacks: Another expression of parasitism

PATRICK BUCHANAN

After Obama has completely destroyed the American
economy, handed millions of jobs to illegals and billions of
dollars in welfare to illegals…. WHAT COMES NEXT?


 
 
 
 
 
OBAMAnomics at work: How Barack Obama looted America for his Wall Street paymasters:
In all, the research team behind the Forbes Billionaires list found a total of 1,645 billionaires worldwide as of February 12, with a combined net worth of $6.4 trillion, an increase of $1 trillion from 2013. The number of new billionaires, at 268, was the highest figure in the report’s history.
 
 
 
 
 

Wall Street buybacks: Another expression of parasitism

29 May 2015
In the biological world, a parasite lives at the expense of the host, sucking out its nutrients and life forces, and sometimes killing it. Analogies of course have their limits, but nonetheless they can be suggestive. And this is certainly so in the case of the rampant financial parasitism that has become the dominant feature of the American economy and, by extension, the world economy as a whole.
An article published in the Wall Street Journal this week details some of the impact of hedge funds on the operations of major US corporations, and the way in which their insatiable drive for profit through financial manipulations is sucking the lifeblood out of the economy and contributing to its deepening breakdown.

The article is based on a study conducted for the newspaper by S&P Capital IQ. It found that companies in the S&P 500 index had “sharply increased their spending on dividends and [share] buybacks to a median 36 percent of operating cash flow in 2013, from 18 percent in 2003.” The doubling of this rate was accompanied by a fall in spending by those companies on plant and equipment, from 33 percent to 29 percent over the same period.

The study found that in companies targeted by so-called “activist investors”—that is, hedge funds that hold hundreds of millions and sometimes billions of dollars on behalf of their wealthy investors—the figures were even higher. Targeted companies reduced capital spending from 42 per cent to 29 percent of operating cash flow and increased spending on dividends and share buybacks to 37 percent of operating cash flow from 22 percent.

One of the main factors facilitating these operations has been the provision of ultra-cheap money by the US Federal Reserve, which has kept official interest rates at almost zero, leading to historically low interest rates in financial markets. Hedge funds are able to use borrowed money to acquire major share holdings in corporations and then push for share buybacks and the payment of increased dividends. The buybacks, in turn, can be financed through borrowed funds at low interest rates.
The aim is to produce a rise in the share price of the company or generate an increased dividend flow returning large profits for the “activists,” often accompanied by job cuts or the outright closure of parts of the targeted company deemed not to be making a sufficient contribution to “shareholders’ funds.” At the end of the process, vast profits have been pocketed, without a single atom of new wealth being created, while productive capacity has been curtailed.

The consequences of these vampire-like operations are most prominent in major industries. The US energy giants, which have splurged billions on buybacks, dividends and mergers, have refused for decades to invest in infrastructure, leading to a situation where workers are subjected to 16-hour days and increasingly unsafe working conditions. Likewise, the auto industry firms and telecoms are notorious for their resistance to wage increases, while engaging in the same financial manipulation.
The deeper the economic crisis, the more frenzied the speculation. The article noted that since 2010 the number of activist campaigns directed at securing buybacks and increased dividends had risen by 60 percent. Last year there were 348 such campaigns, the most since 2008, and a further 108 in the first quarter of this year. Hedge funds now control $130 billion in assets, more than double the amount they held in 2011. This means that once they leverage these funds through borrowing at ultra-low rates, they can target virtually any corporation.

Would-be reformers of the capitalist economy will no doubt argue that these dangers can be overcome through the development of mechanisms or increased regulations to promote the “good” side of corporate activity—research and development and real investment—while taking action to control the “bad” side—parasitism. But the question remains: Why has it emerged now?

Underlying tendencies at the very center of the capitalist economy are at work. The long-term downward pressure on the rate of profit, which has led to the continuous restructuring of the American and global capitalist economy over the past four decades, is the driving force behind the rise of speculation and parasitism.

Well-known voracious hedge-fund investor Carl Icahn, cited in the Wall Street Journal article, pointed to these trends saying the economy was “being dragged down by too many mediocre CEOs, and it’s dangerous if profitability is going down despite interest rates being at zero.”

However, his resort to a “bad man” theory of economics does not pass even a preliminary examination. The same tendencies are also clearly visible in Europe and throughout the world’s major capitalist economies where, despite ultra-low interest rates, investment remains at historically depressed levels, reflecting a lack of profitable outlets.

Furthermore, any attempt to separate out the “good” and the “bad’ sides of corporations runs up against the fact, as Marx explained at the time of the emergence of joint stock companies in the middle of the 19th century, that the origin of parasitism is lodged in their very structure. The formation of such companies, he wrote, “reproduces a new financial aristocracy, a new kind of parasite in the guise of company promoters, speculators and merely nominal directors: an entire system of swindling and cheating with respect to the promotion of companies, issuing of shares and share dealing.”

For a whole period of capitalist development, notwithstanding swindling and cheating, the corporation or joint-stock company facilitated the development of the productive forces through the aggregation of capital to finance large-scale developments, which sustained the living standards of the mass of the population. Those days have long gone.

The elevation of parasitism to the basic mechanism of profit accumulation is bound up with the objective crisis of capitalism and, connected to this, the absolute stranglehold of the financial aristocracy over every aspect of economic and political life. Swindling, cheating and the destruction of the productive forces—above all through the impoverishment of the most important productive force of all, the working class—is a symptom of the rot and decay of the entire socioeconomic order.

It establishes the unanswerable case for the taking into public ownership of the major corporations, the banks and the entire finance industry as part of the socialist restructuring of economic life. This is the perquisite for establishing a society where the productive forces, created by the labor of the working class, can be used for social advancement.


Nick Beams