LA RAZA FASCIST MARK ZUCKERBERG assaults
America’s FREE SPEECH on behalf of his LA RAZA SUPREMACIST MOVEMENT.
TYSON HAS LONG BEEN IDENTIFED WITH THE DEMOCRAT PARTY FOR OBVIOUS REASONS. Tyson Foods Faces Boycott After Firing 1,200 Americans, ‘Would Like to Employ’ 42,000 Migrants - AND BIDEN - MAYORKAS - SCHUMER HAVE USHERED OVER THE BORDER 15 MILLION TO PICK FROM.
Monday, August 24, 2015
Is Facebook in the speech suppression business?
Is Facebook in the speech suppression business?
THE FALL OF HILLARY CLINTON - Paper: Clinton emails show 'bad judgment bordering on recklessness'
PLANNED PARENTHOOD: AMERICA'S BABY BUTCHER SHOP - Santorum: How Can Planned Parenthood Argue 'These Aren’t Human Beings When They’re Harvesting Human Organs’
Santorum: How Can Planned Parenthood Argue 'These Aren’t Human Beings When They’re Harvesting Human Organs’
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
SINCE 2000 ALL JOBS GO TO ILLEGALS
AMERICA the failed Nation
that Invited Mexico to Invade and loot and then Handed Amnesty to 40 Million
Invaders
LAURA INGRAHAM:
The solution to Mexico’s
invasion, occupation and ever expanding welfare state in American borders.
MARK ZUCKERBERG - FACEBOOK ASSAULTS FREE SPEECH - VIVA LA RAZA FASCISM? ZUCKERBERG DOES!!!
MARK ZUCKERBERG IS A MAJOR CONTRIBUTOR TO THE MEXICAN FASCIST PARTY of LA RAZA!
Facebook Blocks Job Reports Related to Immigration
By CIS, August 24, 2015
An informed debate over immigration requires data and analysis about its effects. Only with information from a variety of sources can Americans try to understand our current policies, assess proposed changes, and judge candidates for political office.
That is why it is so disturbing that Facebook,
owned by immigration-expansionist Mark
Zuckerberg, has banned four reports
published by the Center for Immigration
Studies pertaining to jobs and immigration.
The Center became aware a week ago that
these four reports were blocked:
When a Facebook user attempts to post or message these reports, a message appears stating, "Your message could not be sent because it includes content that other people on Facebook have reported as abusive."
Dr. Steven Camarota, the Center’s director of research and
the author of the reports, said, “The poor job market is one of
the most important issues confronting the country. It is
extremely troubling that Facebook would block studies that
simply report government data on how immigrants and
natives are faring in the U.S. job market. These reports have
received a good deal of attention from various media outlets
and have been discussed by members of Congress. It is
absurd to suggest they are 'abusive.'"
According to an article by Facebook entitled, "What Happens
After You Click 'Report'", a ban on content is caused by a
user or users reporting content, which is then reviewed by a
"Abusive Content team" – the ultimate decision-makers
regarding what is considered to be abusive.
Apparently, Facebook considers the Center's jobs reports to
be "hate speech", which they define as "Content that attacks
people based on their actual or perceived race, ethnicity,
national origin, religion, sex, gender, sexual orientation,
disability or disease is not allowed." It is unclear how these
specific job reports violate Facebook Community Standards.
Once we became aware of the Facebook ban, we completed
the report form Facebook has designed to remedy mistakes.
If you have the time, please fill it out and let Facebook know
what you think about their "abuse" policy. So far the Center
has not received any feedback from Facebook.
That is why it is so disturbing that Facebook,
owned by immigration-expansionist Mark
Zuckerberg, has banned four reports
published by the Center for Immigration
Studies pertaining to jobs and immigration.
The Center became aware a week ago that
these four reports were blocked:
When a Facebook user attempts to post or message these reports, a message appears stating, "Your message could not be sent because it includes content that other people on Facebook have reported as abusive."
the author of the reports, said, “The poor job market is one of
the most important issues confronting the country. It is
extremely troubling that Facebook would block studies that
simply report government data on how immigrants and
natives are faring in the U.S. job market. These reports have
received a good deal of attention from various media outlets
and have been discussed by members of Congress. It is
absurd to suggest they are 'abusive.'"
According to an article by Facebook entitled, "What Happens
After You Click 'Report'", a ban on content is caused by a
user or users reporting content, which is then reviewed by a
"Abusive Content team" – the ultimate decision-makers
regarding what is considered to be abusive.
Apparently, Facebook considers the Center's jobs reports to
be "hate speech", which they define as "Content that attacks
people based on their actual or perceived race, ethnicity,
national origin, religion, sex, gender, sexual orientation,
disability or disease is not allowed." It is unclear how these
specific job reports violate Facebook Community Standards.
Once we became aware of the Facebook ban, we completed
the report form Facebook has designed to remedy mistakes.
If you have the time, please fill it out and let Facebook know
what you think about their "abuse" policy. So far the Center
has not received any feedback from Facebook.
AMERICA: NO LEGAL NEED APPLY!!!
It started the day Obama moved into the
White House and commenced the perpetration of his “hope & change”.
24,639,000: Record Number of Foreign-Born Hold Jobs in
U.S.
"We could cut
unemployment in half simply by reclaiming the jobs taken by illegal
workers," said Representative Lamar Smith of Texas, co-chairman of the
Reclaim American Jobs Caucus. "President Obama is on the wrong side of the
American people on immigration. The president should support policies that help
citizens and legal immigrants find the jobs they need and deserve rather than
fail to enforce immigration laws."
IG WORK PERMITS
IG: DATA ON ILLEGAL ALIEN WORK PERMITS ISSUED AFTER INJUNCTION IS
“UNRELIABLE”…. Obama’s LA RAZA SUPREMACY ADMINISTRATION games the system….
again!
WASHINGTON STATE: What?
You thought only America’s southwest was invaded, occupied and looted?!?!?
“The hauled them down to
the border,” Sakuma said. “Three days later, they were standing in our office,
but they had a different name and a different Social Security number.”
The Employment Situation of Immigrants and Natives in the Second Quarter of 2013
That
President Obama would lawlessly bring in more cheap labor at the request of
corporate interests at a time when tens of millions of
Americans are unemployed speaks volumes.
Income
inequality grows four times
faster under Obama than Bush
…. we bankroll Mexico's welfare state in our
borders as the number of Americans (Legals)
sink into poverty! Illegals also get all the jobs!
faster under Obama than Bush
…. we bankroll Mexico's welfare state in our
borders as the number of Americans (Legals)
sink into poverty! Illegals also get all the jobs!
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.
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.
REPORT: ALIEN NATION
How the American people permitted the U.S. tax supported Mexican Fascist Party of LA RAZA “The Race” invade, occupy and loot America.
http://mexicanoccupation.blogspot.com/2011/06/corporations-funding-mexican-fascist.html
LA RAZA SUPREMACIST MARK ZUCKERBERG WANTS
OPEN BORDERS…. except for his!
Today, Sen. Jeff
Sessions (R-Ala.) blasted pro-amnesty billionaires whose fondness for open
borders ends at the doors of their "gated compounds and fenced-off communities,"
noting how Facebook CEO Mark Zuckerberg bought other four houses surrounding
his own just because he wanted "a little privacy."
Mark Zuckerberg says Americans are pathetic!
Jobs should go to ILLEGALS as well as billions in welfare, and his scholarships
(ONLY FOR ILLEGALS!)
ZUCKERBERG:
AMERICA’S GREEDY LITTLE LA RAZA SUPREMACIST HISPANDERING RUNTJOB!
his
one man war against the AMERICAN worker!
Today, Sen. Jeff
Sessions (R-Ala.) blasted pro-amnesty billionaires whose fondness for open
borders ends at the doors of their "gated compounds and fenced-off
communities," noting how Facebook CEO Mark Zuckerberg bought other four
houses surrounding his own just because he wanted "a little privacy."
BILL GATES FIRES
EMPLOYEES AND THEN DEMANDS AMNESTY TO KEEP THE MEX HORDES JUMPING OUR BORDERS!
ZUCKERBERG
tech says no to hiring AMERICANS
OPEN BORDERS AND
ENDLESS HORDES OF IMMIGRANTS POURING IN IS ONLY ABOUT KEEPING WAGES DEPRESSED
To
cite just one example, if there is a shortage of U.S. engineers, are 1.5
million Americans with engineering degrees either unemployed or working in
other fields? In all too many cases, U.S. tech companies prefer foreign workers
on temporary visas because they are cheaper and more exploitable than
Americans.
HE CONNED A NATION LIKE A CHICAGO HUCKSTER AND CALLED
IT “HOPE and CHANGE” ONLY TO BECOME BUSH’S THIRD AND FORTH TERMS ON STEROIDS!
A new ABC News
poll has nothing but heartache for Democrats and President Obama. By a wide
margin of 52-42%, voters see President Obama as a failed president. Americans also
see Obama as more of a divider than uniter. Only 38% believe President Obama is
uniting the country. A majority of 55% believe he's dividing the country.
AMERICA: NO LEGAL NEED APPLY!!!
It started the day Obama moved into the
White House and commenced the perpetration of his “hope & change”.
24,639,000: Record Number of Foreign-Born Hold Jobs in
U.S.
"We could cut
unemployment in half simply by reclaiming the jobs taken by illegal
workers," said Representative Lamar Smith of Texas, co-chairman of the
Reclaim American Jobs Caucus. "President Obama is on the wrong side of the
American people on immigration. The president should support policies that help
citizens and legal immigrants find the jobs they need and deserve rather than
fail to enforce immigration laws."
The Employment Situation of Immigrants and Natives in the Second Quarter of 2013
That
President Obama would lawlessly bring in more cheap labor at the request of
corporate interests at a time when tens of millions of
Americans are unemployed speaks volumes.
LA RAZA-OCCUPATION and LOOTING in MEXIFORNIA…. shocking!
“Californians bear an enormous fiscal
burden as a result of an illegal alien population estimated at almost 3 million
residents. The annual expenditure of state and local tax dollars on services
for that population is $25.3 billion. That total amounts to a yearly burden of
about $2,370 for a household headed by a U.S. citizen.”
“Until the dishonesty
and tactical bluster cease, California is at serious risk of becoming a Third
World entity, and the longer Democrats are in power, the more businesses will
continue to flee the state, the more wealthy taxpayers will relocate and the
more our standard of living will continue to decline.”
BILLIONAIRES, THE
U.S.CHAMBER of CRONY CAPITALISM, ALL UNIONS, THE MEXICAN FASCIST PARTY of LA
RAZA PARTNER WITH THE DEMOCRAT PARTY FOR OPEN BORDERS, NO E-VERFY and BILLIONS
IN WELFARE TO KEEP ILLEGALS JUMPING OUR BORDERS
OBAMA-CLINTONOMICS:
Keep wages depressed with endless hordes of illegals jumping our borders, jobs
and welfare lines!
“But any serious
look at the latest figures reveals why Jim Clifton, head of the Gallup polling
agency, has denounced the official unemployment rate as a “big lie” that largely
ignores the continued prevalence of mass unemployment in the United States.”
“Obama’s trivial
proposal on overtime pay is in line with the record of his entire presidency,
which has sought to impose the full cost of the global capitalist crisis on the
backs of the working class, while doing everything possible to protect and
expand the wealth of the financial oligarchy that controls political life in
the United States.”
JEB BUSH AND OBAMA'S AMNESTY - CAN JEBO BUY THE ILLEGALS' VOTES WITH IT? - Trump: Bush will learn at border that illegal immigration is 'not an act of love'
Trump: Bush will learn at border that illegal immigration is 'not an act of love'
AMERICA: NO LEGAL NEED APPLY!!!
It started the day Obama moved into the
White House and commenced the perpetration of his “hope & change”.
24,639,000: Record Number of Foreign-Born Hold Jobs in
U.S.
"We could cut
unemployment in half simply by reclaiming the jobs taken by illegal
workers," said Representative Lamar Smith of Texas, co-chairman of the
Reclaim American Jobs Caucus. "President Obama is on the wrong side of the
American people on immigration. The president should support policies that help
citizens and legal immigrants find the jobs they need and deserve rather than
fail to enforce immigration laws."
SOARING POVERTY IN AMERICA - Nearly 14 million Americans live in neighborhoods of extreme poverty
Wall Street profits and the widening social divide in America
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.
Nearly 14 million Americans live in neighborhoods of extreme poverty
Nearly 14 million Americans live in neighborhoods of extreme poverty
By Evan Blake
24 August 2015
A report released earlier this month found that the number of Americans living in neighborhoods of extreme poverty, where more than 40 percent of the population is at or below the federal poverty line, has nearly doubled since 2000, rising from 7.2 million to 13.8 million.The report highlights the reality of deepening poverty and social misery since the Wall Street crash of October 2008, exposing the mass media’s lies that there has been any sort of economic recovery during that time.
The report, “Architecture of Segregation: Civil Unrest, the Concentration of Poverty, and Public Policy,” written by Paul Jargowsky of the Century Foundation, emphasizes that the years of the Bush presidency saw a marked increase in the overall spread and concentration of poverty, which only accelerated under Obama after the financial collapse of 2008.
Significantly, the data reveals that the total population of high-poverty neighborhoods encompasses all races, affecting the working class as a whole. Of those living in neighborhoods of extreme poverty, 5 million are black, 4.3 million are Hispanic and 3.5 million are non-Hispanic white.
However, the report also highlights the racial disparities that exist within this most impoverished section of the working class, noting that over one quarter of the black poor lives in a neighborhood of extreme poverty, compared to nearly one in six of the Hispanic poor and one in 13 of the white poor.
Using data from the US Censuses for 1990 and 2000 and from the annual American Community Survey (ACS), the study found that poverty became more concentrated in nearly every major American city, while disproportionately impacting children as well as poor African-Americans and Hispanics.
While the 1990s saw a decline in the number of extreme poverty census tracts, since 2000 this slight improvement has been totally erased. Today there are 4,412 high-poverty census tracts, a 76 percent increase over figures from 2000. Furthermore, the number of “borderline” neighborhoods, those with poverty rates in the range of 20 to 40 percent, actually increased during the 1990s and spiked by 55 percent since 2000, reaching 17,391 in 2013.
Geographically, the Midwest region saw the greatest increase in the number of people living in neighborhoods of concentrated poverty, with a rise of 7.8 percent since 2000. Some of the urban centers of this region, long identified with historic struggles of the working class, now ravaged by decades of deindustrialization, rank among those with the highest levels of concentrated poverty, including Detroit, Milwaukee, Cleveland, Minneapolis, Toledo and Akron.
In Detroit, the number of high-poverty census tracts more than tripled since 2000, from 51 to 184. Whereas high concentrations of poverty had previously been largely confined to Detroit’s city limits, by 2013 similar figures were found throughout most inner-ring suburbs just outside the central city, including Dearborn, Southfield, Warren and Redford Township. The city ranked in the top 10 for each racial category, with 57.6 percent of all black poor, 51.1 percent of all white poor and 33 percent of all Hispanic poor residing in areas of extreme poverty.
Although concentration of poverty is popularly associated with the largest metropolitan areas, the report found that small to mid-size metropolitan areas with 250,000 to 1 million persons experienced the greatest increases in concentrated poverty. Among the most dramatic transformations seen in a city this size took place in Syracuse, New York, where “the number of high-poverty tracts more than doubled, rising from twelve to thirty,” according to the report.
The report points to the rapid growth of suburbanization, starting around 1970, as a major factor that initially led to the growth of concentrated poverty in the central cities of metropolitan areas. “In virtually all metropolitan areas, suburban rings grew much faster than was needed to accommodate metropolitan population growth, so that the central cities and inner-ring suburbs saw massive population declines,” the report notes.
More recently, gentrification in the central cities has caused property values, rents and taxes to skyrocket, forcing many poor residents to move from the central cities into decaying inner-ring suburbs. The report cites Ferguson, Missouri as a prime example of this type of impoverished inner-ring suburb, noting, “Three out of ten neighborhoods in Ferguson now have poverty rates of more than 40 percent.”
While the report focuses on discriminatory zoning ordinances and other legal aspects as the driving force behind the growth in concentrated extreme poverty, the real source of this phenomenon lies in the nature of globalized production under capitalism.
Since the 1970s and increasingly since the 2008 economic crash, American corporations have shifted production from their historic centers in cities like Detroit and St. Louis to low-wage countries, enabling them to secure an increased rate of profit.
Real unemployment levels have steadily increased in the US, so that today the labor force participation rate is a mere 62.6 percent, the lowest level since 1977, before tens of millions of women entered the labor force. Among men, that figure is currently 69 percent, its lowest level ever since records began in 1948.
The growth of thousands of neighborhoods of extreme poverty across the US, often touted as the wealthiest country in the world, is one expression of the irrational and outmoded nature of capitalism. Concurrent with the decimation of former centers of industrial manufacturing, there has been a steady increase in the growth of the financial sector of the economy, whose inherent instability is presently leading to new convulsions in the markets.
Income
inequality grows four times faster under
Obama than Bush …. we bankroll Mexico's welfare state in our borders as the number of
Americans (Legals) sink into poverty! Illegals also get all the jobs!
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.
How the American people permitted the U.S. tax supported Mexican Fascist Party of LA RAZA “The Race” invade, occupy and loot America.
http://mexicanoccupation.blogspot.com/2011/06/corporations-funding-mexican-fascist.html
Giving Illegals Access to Welfare
‘An Assault on the U.S. Taxpayer,’ Researcher Says
Robert Rector
of The Heritage Foundation
70% of all invading ILLEGALS end up on welfare. Getting
an American job with a stolen social security number is NEVER and issue!!!
“The share of immigrant-headed households (legal and illegal) with a
child (under age 18) using at least one welfare program continues to be very
high. This is partly due to the large share of immigrants with low levels of
education and their resulting low incomes — not their legal status or an
unwillingness to work. . ."
Heritage: Amnestied Illegals Will
Get $9.4T in Benefits; Increase Debt $6.3T'
what is the REAL cost of all that “CHEAP” Mexican labor? Add
it up and then factor in the MEXICAN CRIME TIDAL WAVE and the fact that the
MEXICAN now operate in 2,500 American
cities!
COMING
FOR OBAMA’S AMNESTY, ANCHOR BABY WELFARE AND U.S. JOBS…
Nearly a MILLION more Mexicans
jumped America’s open borders this year.
THERE
ARE NOW 40 MILLION ILLEGALS IN OUR COUNTRY,
JOBS AND WELFARE LINES!
POPULATION SURGE
MEXICO DOUBLES THE
POPULATION OF AMERICA, FILLS OUR JOBS, PRISONS AND WELFARE OFFICES AND VOTED DEM FOR MORE!
hell! they have NO IDEA how many illegals have jumped our borders in the last year!!!
“Our friends at the Center for Immigration Studies just this week announced that their
analysis of census data shows that "the nation's immigrant population (legal and illegal) hit
a record high of 42.1 million in the second quarter of this year - an increase of 1.7 million
since the same quarter of 2014." This means that the noncitizens now comprise "13.3
percent of the nation's total population - the largest share in 105 years.”
January 10, 2011
By: James Walsh
Casting a shadow on economic recovery efforts in the United States is the cost of illegal immigration that consumes U.S. taxpayer dollars for education, healthcare, social welfare benefits, and criminal justice. Illegal aliens (or more politically correct, “undocumented immigrants”) with ties to Mexican drug cartels are contributing to death and destruction on U.S. lands along the southern border.
While the declining job market in the United States may be
discouraging some would-be border crossers, a flow of illegal aliens
continues unabated, with many entering the United States as drug-
smuggling “mules.”
LA RAZA
FASCISM:
(LA
RAZA is the Mexican fascist party that is funded by Barack Obama and operates
out of the White House under LA RAZA V.P. Cecilia Munoz.)
"We have an aging
white America. They are not making babies. They are dying. The
explosion is in our population and I love it. They are sh *** itting
in their pants with fear. I love it." ---Professor Jose Angel
Gutierrez, University of Texas
*
"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
non-citizens -- was the last gasp of white America in California."
---Art Torres, Chairman of the California Democratic Party
*
Richard
Alatorre, Los Angeles City Council "They're afraid we're going to take
over the governmental institutions and other institutions. They're right. We
will take them over. . We are here to stay."
*
Mario Obledo, California Coalition of Hispanic Organizations and California State Secretary of Health, Education and Welfare under Jerry Brown, also awarded the Presidential Medal of Freedom by Bill Clinton "California is going to be a Hispanic state. Anyone who doesn't like it should leave."
Mario Obledo, California Coalition of Hispanic Organizations and California State Secretary of Health, Education and Welfare under Jerry Brown, also awarded the Presidential Medal of Freedom by Bill Clinton "California is going to be a Hispanic state. Anyone who doesn't like it should leave."
*
Jose Pescador Osuna, Mexican Consul General We are practicing "La Reconquista" in California."
Jose Pescador Osuna, Mexican Consul General We are practicing "La Reconquista" in California."
*
“WE WILL TAKE CONTROL OF OUR COUNTRY
(U.S.) BY VOTE IF POSSIBLE AND VIOLENCE IF NECESSARY!” THE MEXICAN FASCIST
PARTY of LA RAZA “The Race” NOW SENIOR PARTNER OF THE DEMOCRAT PARTY
*
“Through love of having
children, we are going to take over.” AUGUSTIN CEBADA,
BROWN BERETS, THE LA
RAZA FASCIST PARTY of AMERICA
*
OBAMA FUNDS LA RAZA
WITH OUR TAX DOLLARS AND IT OPERATES OUT OF THE WHITE HOUSE UNDER LA RAZA
SUPREMACIST CECELIA MUNOZ – GOOGLE IT!
SEN.
BERNIE SANDERS
Rebuilding
America’s middle-class starting with our youth
DURING OBAMA’S WALL STREET-OWNED ADMINISTRATION, BILLIONS OF DOLLARS IN
THE ECONOMY WAS TRANSFERRED TO HIS CRONIES AND THE 1%.
the below sure sounds good to me! instead of bottomless bailouts for
crony banksters, we will start to bailout the MIDDLE-CLASS.
“Calling income and wealth inequality the "great
moral issue of our time," Sanders laid out a sweeping, almost unimaginably
expensive program to transfer wealth from the richest Americans to the poor and
middle class. A $1 trillion public works program to create "13 million
good-paying jobs." A $15-an-hour federal minimum wage. "Pay
equity" for women. Paid sick leave and vacation for everyone. Higher taxes
on the wealthy. Free tuition at all public colleges and universities. A
Medicare-for-all single-payer health care system. Expanded Social Security
benefits. Universal pre-K.” WASHINGTON
EXAMINER
OBAMA-CLINTONomics and the collapse of the global economy - Global Ponzi scheme threatens to implode
Global Ponzi scheme threatens to implode
half of global wealth
can we really afford Hillary's version???
OBAMA: SERVANT OF THE 1%
half of global wealth
social divide in America
http://mexicanoccupation.blogspot.com/2013/07/crony-capitalism-how-obama-looted.html
Sage Foundation: Wealth "Inequality" Will Continue to Worsen.
Richest one percent controls nearly
half of global wealth
Global Ponzi scheme threatens to implode
24 August 2015
Asian stock markets opened Monday with another sharp selloff. As of this writing, China’s Shanghai Composite index had dropped by over 8 percent and Japan’s Nikkei, Hong Kong’s Hang Seng and Australia’s All Ordinaries were all down by more than 3 percent. China’s central bank was preparing another round of cash infusions into the country’s financial markets.
The global panic, which has wiped out over a trillion dollars in stock values in the US alone, has shattered the claim that the US and world economies are in the midst of an economic recovery.
Prompted by decelerating economic growth in China, a collapse of financial markets and currencies in the so-called emerging market countries, and a continuing fall in the price of oil and other commodities, the plunge in stock prices is an expression not simply of passing conditions, but rather the inability of governments and central banks to address the fundamental contradictions of the capitalist system that led to the Wall Street crash and recession of 2008–2009.
What appears to be coming to an end is the period when massive infusions of cash by central banks into the financial markets, combined with a ruthless assault on the living standards of the international working class, could paper over the systemic character of the crisis and produce a boom in stock prices, corporate profits and the wealth of the financial aristocracy—even as the real economy continued to stagnate.
An article published Sunday in the New York Times (“Investors Race To Escape Risk In Global Bonds”) sheds light on a significant factor behind the crisis atmosphere on global markets. The Times explains that some of the biggest bond mutual funds based in the US, including BlackRock, Franklin Templeton and Pimco, are massively invested in emerging market government bonds whose values are now collapsing.
The article raises the very real possibility that one or more of these firms could be bankrupted by demands from investors for the return of their cash, under conditions where the firms cannot offload their emerging market bonds and meet these demands. Such an event would be comparable to, if not worse than, the collapse of Lehman Brothers in 2008.
The large-scale investments by bond mutual funds in these highly risky bonds underscores the rotten foundations not only of the so-called economic recovery, but of the global capitalist system itself. It demonstrates that the response of the capitalist class to the economic breakdown of 2008–2009 was a continuation and escalation of the parasitism and speculation that triggered the crash in the first place.
It exemplifies the modus operandi of world capitalism in its dotage and decay. What was historically considered the normal paradigm—investing capital to build factories and mines and carry out research and development, hire workers, and generate profit from the surplus value extracted through their exploitation—has become almost incidental to a ceaseless, feverish scramble for ever-higher yields from various forms of financial manipulation and outright fraud.
In the older imperialist centers, particularly the United States, the industrial infrastructure has been largely dismantled, decimating the jobs and living standards of the working class, in order to seek higher profits from the creation of financial bubbles. Following the 2008 Wall Street crash, the American ruling class led the way in using unlimited supplies of virtually free credit provided by central banks to push stock prices to record highs and generate an emerging market bubble, while laying siege to the jobs, wages and conditions of workers through mass unemployment and austerity policies.
The resulting “recovery” had the character of a gigantic Ponzi scheme, resting on a stagnant real economy and ever-increasing social inequality. This financial house of cards is being undermined by the growth of deflationary tendencies in the world economy, reflected most starkly in collapsing commodity prices and the slowdown in China, but also in anemic growth or outright recession in Japan, Europe and the US.
In January 2008, the World Socialist Web Site wrote that the crisis, then in its early stages, was “not merely a conjunctural downturn, but rather a profound systemic disorder” of the capitalist system.
On September 16, 2008, the day after the collapse of Lehman Brothers, the WSWS declared: “A sea change is unfolding in the US and world economy that portends a catastrophe of dimensions not seen since the Great Depression of the 1930s.”
The article continued: “These events are signposts in the historic failure of American and world capitalism. For the working class, they mean a rapid growth of unemployment, poverty, homelessness and social misery. The government, Wall Street and both political parties will seek to place the burden for the consequences of their own greed and incompetence squarely on the backs of working people.”
This analysis has been entirely confirmed. Seven years later, the labor force participation rate in the United States is at the lowest level in nearly four decades, while economic output in the euro area remains below its level in 2008.
The crisis has been compounded by the policies pursued over the past seven years. The world’s major central banks have taken on enormous levels of debt, limiting their ability to respond to a new panic. The balance sheet of the US Federal Reserve has ballooned from under a trillion dollars in 2008 to over $4 trillion today, and the Fed’s benchmark interest rate has been held essentially to zero, giving the central bank significantly less “ammo,” in the words of the Wall Street Journal, to respond to a renewed financial crisis.
“The world economy is like an ocean liner without lifeboats,” Stephen King, chief economist at HSBC, wrote in a recent research note.
All of the institutions of capitalist rule, most notably the European Union itself, have been dramatically weakened in the period since 2008. The signs of disarray and instability in Beijing, amidst a growing wave of strikes and protests by Chinese workers, have stoked fears in ruling classes around the world that the regime upon which they have relied to provide a cheap-labor manufacturing base and stimulate global growth may be unraveling.
The perplexity and bankruptcy of governments and policymakers in the face of the renewed downturn was summed up in a column published in the Financial Times over the weekend by former Treasury Secretary Lawrence Summers, who called on the Federal Reserve to keep interest rates at zero indefinitely.
Summers wrote: “Satisfactory growth, if it can be achieved, requires very low interest rates that historically we have only seen during economic crises. This is why long-term bond markets are telling us that real interest rates are expected to be close to zero in the industrialised world over the next decade.”
The intensification of the economic crisis sets the stage for immense social struggles. The working class will not accept a return to conditions of mass poverty and industrial slavery.
However, the whole history of the twentieth century—the victory of the working class in Russia in 1917 and the defeats that followed—and the initial results of mass struggles thus far in the current century, from Egypt to Greece, show that for the resistance of the working class to succeed, it must be guided by a socialist and internationalist program and led by a revolutionary party. The building of this leadership—the International Committee of the Fourth International—is the crucial task posed by the breakdown of world capitalism.
Andre Damon
OBAMA-CLINTONomics:
CEO PAY 300 TIMES GREATER
THAN WORKERS
…. AMNESTY WILL MAKE THOSE FIGURES SOAR HIGHER!
“Historically
speaking, the rise in CEO compensation is tied to the global decline of
American capitalism and the increasing financialization of the economy. In 1965
the ratio of CEO to worker pay was 20 to 1. By 1978 the ratio had only grown to
30 to 1. It was only in the 90s that CEO pay reached absurd heights, rising
from 59 to 1 in 1989 to 376 to 1 in 2000.”
*
“In 2014 the
Russell Sage Foundation found that between 2003 and 2013, the median household
net worth of those in the United States fell from $87,992 to $56,335—a drop of
36 percent. …While the rich also saw their wealth drop during the recession,
they are more than making that money back. Between 2009 and 2012, 95 percent of
all the income gains in the US went to the top 1 percent. This is the most
distorted post-recession income gain on record.”
OBAMA-CLINTONomics: the final death of the
American middle-class
AMNESTY:
IT’S ALL ABOUT KEEPING WAGES DEPRESSED.
"While it is
not spelt out directly, the BIS critique of the present policies is an
expression of the fact that, in the final analysis, the source of all forms of
profit is the surplus value extracted from the working class. Therefore, the
only way for capital to overcome its crisis and restore stability is a massive
increase in exploitation."
While the growth of social inequality has dramatically
accelerated following the 2008 crash, this is a continuation of a decades-long
process. The report notes, “Top 1 percent incomes grew by 80.0% from 1993 to
2014. This implies that top 1 percent incomes captured almost 60% of the
overall economic growth of real incomes per family over the period 1993-2014.”
In fact, the US government’s response to the 2008 crash has been
dedicated to inflating the wealth of the super-rich while driving down incomes
for the vast majority of the population. The White House has protected Wall
Street executives from legal prosecution, while the Federal Reserve has handed
out trillions of dollars in cheap money through “quantitative easing” programs,
leading share values to triple on major US exchanges.
On Thursday, US President Barack Obama plans to unveil what he
has called a major new policy initiative in a speech in La Crosse, Wisconsin.
The proposal entails new federal rules that would make an additional 3 percent
of the US population eligible for overtime pay. If adopted, the change would
add a mere $1.3 billion to worker’s wages annually. This is a tiny fraction of
the trillions of dollars that have been transferred to the financial elite
since the 2008 financial crisis.
THE
MAN THAT CALLED HIS HOAX “HOPE & CHANGE”
'Incompetent' and 'liar' among most frequently used words to
describe the president: Pew Research Center
“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: SERVANT OF THE 1%
Richest one percent controls nearly
half of global wealth
The richest one percent of the world’s population now controls 48.2 percent
of global wealth, up from 46 percent last year.
The report found that the growth of global inequality has accelerated
sharply since the 2008 financial crisis, as the values of financial assets have
soared while wages have stagnated and declined.
OBAMA’S CRONY BANKSTERS DESTROY
THE GLOBAL ECONOMY
OBAMANOMICS:
The escalation of global financial parasitism
In fact, the US government’s response to the 2008 crash has been
dedicated to inflating the wealth of the super-rich while driving down incomes
for the vast majority of the population. The White House has protected Wall
Street executives from legal prosecution, while the Federal Reserve has handed
out trillions of dollars in cheap money through “quantitative easing” programs,
leading share values to triple on major US exchanges.
OBAMAnomics:
OBAMA AND HIS WALL STREET CRONIES LOOTING AMERICA!
These are only the most striking of a barrage of numbers reported in
recent weeks, demonstrating that for the US financial aristocracy, the Crash of
2008 has been used to engineer a historic redistribution of wealth.
Sen. Bernie Sanders fights for the American
worker.
THE
CONSPIRACY TO SURRENDER AMERICA’S BORDERS…. The partnership between Wall
Street-owned Barack Obama and Hillary Clinton and the KOCH BROTHERS to surrender our borders and
borders laws to assure a steady flood of illegals into America. Keeping wages
depressed and passing along the real cost of all that “cheap” labor through
taxes on the American middle-class will keep their corporate paymasters happy,
profitable and generous. There is not ONE billionaire that does not support
Obama’s amnesty hoax to legalize Mexico’s looting.
OBAMA-CLINTONomics: the final death of the
American middle-class
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."
Wall Street profits and the widening
social divide in America
http://mexicanoccupation.blogspot.com/2013/07/crony-capitalism-how-obama-looted.html
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.
Obama’s “recovery” and the social crisis in America … the recovery that NEVER was!
Sage Foundation: Wealth "Inequality" Will Continue to Worsen.
Wealth inequality increased significantly from 2003 through 2013; by some metrics
inequality roughly doubled
…. that’s music to the ears of Hillary’s WALL STREET
CRONIES!
IMF PREDICTS THAT OBAMANOMICS and the GLOBAL LOOTING BY
OBAMA’S CRIMINAL CRONY BANKSTERS WILL SOON DESTROY THE AMERICAN ECONOMY.
The International Monetary Fund
warned Wednesday that the world economy would remain locked in a pattern of
slow growth, high unemployment and high debt for a prolonged period. The
forecast, contained in the organization’s updated World Economic Outlook (WEO),
marks a shift from previous economic projections in acknowledging that there is
little prospect of a return to the growth levels that prevailed prior to the
2008 Wall Street crash.
The document’s grim analysis amounts
to a tacit acknowledgement that the crisis ushered in nearly seven years ago by
the financial meltdown is of a historical and fundamental character, and that
the underlying problems in the global capitalist system have not been resolved.
THE ASSAULT on the
AMERICAN MIDDLE-CLASS by the DEMOCRAT PARTY:
“By large margins, even in opinion
polls conducted by the corporate-controlled media, the American people support
sharp increases in taxes on the wealthy to fund social programs and provide
jobs for the unemployed; they oppose cuts in Social Security and Medicare and
view education, health care and other public services as basic rights; they
oppose government spying on the telephone and Internet usage of ordinary
Americans, as well as other police-state measures; and they oppose overseas
military interventions in the Middle East, Africa and Asia. The Democratic and Republican presidential candidates stand on the other
side of the barricades on all these issues.”
THE LOOTING OF AMERICA: BARACK OBAMA AND HIS CRONY
BANKSTERS set themselves on America’s pensions next!
The new aristocrats,
like the lords of old, are not bound by the laws that apply to the lower
orders. Voluminous reports have been issued by Congress and government panels
documenting systematic fraud and law breaking carried out by the biggest banks
both before and after the Wall Street crash of 2008.
Goldman
Sachs, JPMorgan Chase, Bank of America and every other major US bank have been
implicated in a web of scandals, including the sale of toxic mortgage
securities on false pretenses, the rigging of international interest rates and
global foreign exchange markets, the laundering of Mexican drug money,
accounting fraud and lying to bank regulators, illegally foreclosing on the
homes of delinquent borrowers, credit card fraud, illegal debt-collection
practices, rigging of energy markets, and complicity in the Bernie Madoff Ponzi
scheme.
MUCH, MUCH MORE ON
OBAMA’S ECONOMIC CRIMES PERPETRATED ON BEHALF OF HIS CRONIES ON THE AMERICAN
MIDDLE-CLASS
One
government-organized settlement has followed another, utilizing “deferred
prosecution” deals and other gimmicks to allow Wall Street CEOs to get off
scot-free. All the banks have had to do is pay largely fictitious fines, much
of the nominal amount written off as tax credits.
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