Clearly I am feeling better than I have in the last couple of weeks, in fact I am almost feeling normal. I have been saving up articles for when I could explain myself better; but, have found that I saved too many so I will do an information dump.
Rolling Stone - The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet
. The author, Matt Taibbi, has just left Rolling Stone and he will be missed. He is one of the few true investigative journalists out there and I wish him well. In this article Mr. Taibbi shows how in the 1990s the big banks were allowed to purchase the industrial system and the self-regulationary groups it had created. Here is where I believe he missed the boat, while attacking the banks being allowed to buy the industrial cycle, he forgot that we had already outlawed companies from doing the exact same thing when we passed laws against monopolies.
Let me explain. During the early 1900s as the industrial revolution really took hold, companies such as the Rockefeller's Standard Oil was able to buy 95% of all the oil production in the United States and then used this power to force everyone to do what they wanted, they were able to coerce all the other companies to pay more than they should have and destroy companies that did not go along with them. This was true in steel production, the railroads and later in the utilities industry. The effect of the monopolies was to destroy competition which is the heart of capitalism. Eventually it got so bad that monopolies were outlawed. Now we have monopolies; but, they are created by the banks being allowed to do what industry was not allowed to do.
Rolling Stone - Matt Taibbi - Ex-Morgan Stanley Chief Jams Foot in Mouth, Complains of CEO Abuse. An example of another person complaining that by talking about corruption in the financial industry, we are picking on the poor CEOs that benefited from completely corrupting the financial system.
Business Insider - The 'Internet Of Things' Will Be Bigger Than The Smartphone, Tablet, And PC Markets Combined. Let me summarize this quickly, business is thrilled at the opportunity to observe everything you do so that they can market things to you and increase the costs to you based upon your individual usage, this is basically the use of the internet to destroy the capitalistic view of purchasing things in bulk as a community. The war that is being waged is against the individual. Here is how it will work. If you buy toilet paper every week, you will get a discount for buying a particular brand more than others. Sounds good, right? If you buy toiler paper once a month, you will get less of a discount. It is about targeted pricing and not targeted discounts. Why do you think all the large markets now give you Rewards discounts and offer you individualized coupons? It is also a violation of the Constitutional concept of treating all people the same. The consequence is even worse for the average American and destroys the idea of working as a group. What if, those who spend a $100,000 a year on groceries were given a 10% discount on everything they bought and everyone who spent less got no discount, who would be subsidizing whom? By the way, that is exactly the reason why Rewards cards were created.
Yahoo - AP - Minimum wage report puts Democrats on defensive. A report by the Congressional Budget Office claims that if we increase the minimum wage, roughly 25%, we will lose about half a million jobs. I guess those jobs will be outsourced to communist China because anything that makes a profit and has to be located here will continue to be located here. If you thought the report was accurate, lets make a deal. I want congress to promise me that if we don't increase the minimum wage, we will not outsource anymore jobs to communist China or allow more immigration. If we lose another 500,000 jobs then we should automatically double the minimum wage. That would be fair. The report is insincere in that it does not have the guts to follow it's own logic. If we eliminated any minimum wage and allowed people to work as slave labor, how many more jobs would we be able to create? What if we just went back to slavery, would we have more manufacturing jobs? Sure we would.
New York Times - The Bank Rescue, Five Years Later
. This is an amusing article, the author liked the bank bailouts and defends the stimulus program, both of which primarily benefited private industry; but, dislikes the Affordable Care Act. The author would prefer giving away your tax dollars to bail out the banks that destroyed the economy and the stimulus program that primarily benefited large construction companies by paying them to do "shovel ready" jobs that didn't need to be done in the first place more than requiring people who use medical services and pay nothing to have to have insurance.
New York Times - Outrage Over Wall St. Pay, but Shrugs for Silicon Valley?
. Yes, we should be mad about people taking money away from investors and our pensions for their making risky investments and going bankrupt at the expense of others and not be mad at people who created real products that we can use to save us time and money. We should not be mad at silicon valley computer and software designers for giving us useful products and being paid for it; but, we should be mad at Wall Street and the financial sector for stealing our money and giving us nothing in return. Here is a crazy capitalistic concept, what if we paid people based on how much they contributed to society and not on how much they steal from the rest of us and the damage they do?
intellihub - 8th international banker to die in a month jumps off building in China. One of the suicides involved a banker who shot himself in the head 8 or 9 times with a nail gun and it wasn't deemed suspicious. Another involved a man who had just e-mailed his girlfriend that he was headed home and then jumped off the 33rd floor of a JP Morgan building in London.
Yahoo - AP - NYSE stocks posting largest volume decreases. A 95% decrease in the amount of shares of stock being traded on the NYSE while prices increases means that the big investors are not trading, yet; but, it also means that the market prices are being manipulated. I think the end is near and we should question whom the bell tolls for.
Yahoo - Obama: Ukraine, Syria are not pieces on ‘some Cold-War chessboard’. Of course they are pieces in a game and the game is simple. Either the Ukraine will fall in line with Russia or come into the European Union. The people want to join the European Union and the elected officials want to put them back under the control of Russia. It really is that simple.
I don't like communism where you are not rewarded for your individual efforts and own nothing. I don't like fascism where corporations control everything and you are prevented from owning anything because someone else already owns it all. I don't like any system that denies you a chance to succeed because the game is already rigged, that just means a system where you are born into it a slave. I like the society we used to all believe in, the one where if you kept your nose clean, worked hard and helped the nation as a whole, you were rewarded individually, that is the true American dream. Oh, and if you were a good citizen you could retire with dignity and security because you had earned it.
Thursday, February 20, 2014
Todays "Libertarians" are the true Fascists.
In both the United States and Britain there is a growing "popular" movement towards "libertarians" who are often also called independents. While these people run on popular singular issues or limited issues, their real belief system is quite undemocratic and would actually allow more of what has gone on in our financial and political systems.
The Daily Beast - The End of Republicans and Democrats (And Your Libertarian Future)
While the best example of this in England is UKIP (United Kingdom Independent Party), the American example would be Ron Paul. To disenfranchised Republicans this may sound like heresy; but, let me explain. Lets start with him in his own words.
YouTube - 3.2.12 Ron Paul on the Occupy Movement.
Mr. Paul is against American involvement in wars outside of the United States. He is also against bailing out banks and the Federal Reserve. Many of the left and right can agree on those things as do I mostly. Some of the other things he is against is government regulation and government "entitlements". Rather than limited government regulation as is called for by traditional Republicans, he is against just about all federal regulations. Well, the truth is that those regulations did not come overnight. The history of federal regulations started because people in one state did not care about what they sold to people in another state and this included allowing dead rats in our food supply. Read up on the history of the FDA and you can get an idea of just how bad things were in the beginning of the industrial age.
As a political philosophy, "libertarians" in America don't believe in being taxed or regulated and are more like Social Darwinists. In fact, there is almost no difference between libertarians and anarchists except that one is seen as left and the other seen as right. Neither believes in government. They hold the most simplistic of political philosophy, our ability to regulate and work together as a community with common interests, they do believe in the common good. No successful society has or will ever be built on these beliefs.
The extremist views found within the left and the right are both flawed in logic and history; however, our "middle" (traditional conservative and liberal) philosophies appear to have failed as we have allowed our government to be bought out by special interests. The famous Satanist Alister Crowley in his most famous book said that for the Satanist the whole of the law was to do as one wanted and both libertarians and anarchists pretty much agree. Both groups would legalize all drugs and despise the poor.
Our political understanding in America about the consequences has devolved to nothing and an overwhelmed nation seeks simple answers to correct what is clearly not working. Mr. Paul has stated that the problem with government is that it can make laws and because of that they get bought out to make bad laws. Following his statements and logic the solution is to have NO laws. So why do I call it Fascism, because it is actually worse than Fascism. A Fascist is merely a socialist that believes in government control to the benefit of the state and it's partners and sees the benefits for the state and business as more important than the benefits derived for the individual and society. The elimination of all commercial enterprise is Communism, the elimination of all government has no single name because no society has been suicidal enough to try it.
Here is the difference between Mr. Paul and traditional conservatives. A traditional conservative believes in capitalism; but, believes that there should be truth in lending if you will. A traditional conservative would be against people selling food as "organic" or cars as "new" that were not, they would be against lying in an agreement. In order to make sure that there were standards and rules to make sure that people had a true negotiated deal, they voted along with liberal to create organizations to make sure that weights and measures were standardized, regulated and followed. Mr. Paul would just eliminate governments from making sure these rules were met. While traditional conservatives want to go back to the 1950s, libertarians want to go back to the 1800s.
In the 1800s and early 1900s most people never went more than 20 miles from where they lived, lived in farming communities, knew everyone of their neighbors and knew who they traded with personally. If you cheated your neighbor and others knew about it you would be ignored and nobody would trade with you. I hate to wake them up; but, that doesn't happen much anymore and the multinational company that sells you food does not care about nor worry about your personal trade with them because they can just shift where they sell without any consequences. These companies are not just too big to fail, they are too big to care.
I don't think most people would agree with Mr. Paul if they understood his past voting record and the totality of his beliefs. I disagree with Mr. Paul because I believe in America as more than just a territorial area. I believe that we should have a government of people who choose to live in the country (and have the option of leaving if they so desire) and that the country should be by the people and for the people, the people being the key phrase.
I would love the opportunity to interview Mr. Paul and believe he would be honest enough and happy to answer my questions, I don't doubt the man's integrity or sincerity. Having said that, he has confused capitalism with democracy. While he may like Ayn Rand, I prefer Aristotle. Aristotle determined that the only right and best way to regulate society was by having the majority choose the rules, he took it for sake that all societies other than the most primitive always ended up with some having more control than others. He thought that power should be in the hands of the majority rather than a oligarch (small number of controllers) or a monarchy (single rulers by area).
While getting my Bachelor's degree in Political Science with multiple national and university awards and recognitions, I had a very special professor, he taught Political Philosophy. One day he was discussing Plato and Aristotle and I asked if he would define Plato as conservative and Aristotle as liberal, he said the terms did not apply and I have thought about his words for decades and long ago concluded he was correct. Today liberal means allowing people to do what they want and conservative means letting business do what it wants.
A community is a group of people that decides together and lives under the same rules and consequences. I believe in community because I believe the best government is the one that involves as many people who will have to live under the same rules making the rules.
The Daily Beast - The End of Republicans and Democrats (And Your Libertarian Future)
While the best example of this in England is UKIP (United Kingdom Independent Party), the American example would be Ron Paul. To disenfranchised Republicans this may sound like heresy; but, let me explain. Lets start with him in his own words.
YouTube - 3.2.12 Ron Paul on the Occupy Movement.
Mr. Paul is against American involvement in wars outside of the United States. He is also against bailing out banks and the Federal Reserve. Many of the left and right can agree on those things as do I mostly. Some of the other things he is against is government regulation and government "entitlements". Rather than limited government regulation as is called for by traditional Republicans, he is against just about all federal regulations. Well, the truth is that those regulations did not come overnight. The history of federal regulations started because people in one state did not care about what they sold to people in another state and this included allowing dead rats in our food supply. Read up on the history of the FDA and you can get an idea of just how bad things were in the beginning of the industrial age.
As a political philosophy, "libertarians" in America don't believe in being taxed or regulated and are more like Social Darwinists. In fact, there is almost no difference between libertarians and anarchists except that one is seen as left and the other seen as right. Neither believes in government. They hold the most simplistic of political philosophy, our ability to regulate and work together as a community with common interests, they do believe in the common good. No successful society has or will ever be built on these beliefs.
The extremist views found within the left and the right are both flawed in logic and history; however, our "middle" (traditional conservative and liberal) philosophies appear to have failed as we have allowed our government to be bought out by special interests. The famous Satanist Alister Crowley in his most famous book said that for the Satanist the whole of the law was to do as one wanted and both libertarians and anarchists pretty much agree. Both groups would legalize all drugs and despise the poor.
Our political understanding in America about the consequences has devolved to nothing and an overwhelmed nation seeks simple answers to correct what is clearly not working. Mr. Paul has stated that the problem with government is that it can make laws and because of that they get bought out to make bad laws. Following his statements and logic the solution is to have NO laws. So why do I call it Fascism, because it is actually worse than Fascism. A Fascist is merely a socialist that believes in government control to the benefit of the state and it's partners and sees the benefits for the state and business as more important than the benefits derived for the individual and society. The elimination of all commercial enterprise is Communism, the elimination of all government has no single name because no society has been suicidal enough to try it.
Here is the difference between Mr. Paul and traditional conservatives. A traditional conservative believes in capitalism; but, believes that there should be truth in lending if you will. A traditional conservative would be against people selling food as "organic" or cars as "new" that were not, they would be against lying in an agreement. In order to make sure that there were standards and rules to make sure that people had a true negotiated deal, they voted along with liberal to create organizations to make sure that weights and measures were standardized, regulated and followed. Mr. Paul would just eliminate governments from making sure these rules were met. While traditional conservatives want to go back to the 1950s, libertarians want to go back to the 1800s.
In the 1800s and early 1900s most people never went more than 20 miles from where they lived, lived in farming communities, knew everyone of their neighbors and knew who they traded with personally. If you cheated your neighbor and others knew about it you would be ignored and nobody would trade with you. I hate to wake them up; but, that doesn't happen much anymore and the multinational company that sells you food does not care about nor worry about your personal trade with them because they can just shift where they sell without any consequences. These companies are not just too big to fail, they are too big to care.
I don't think most people would agree with Mr. Paul if they understood his past voting record and the totality of his beliefs. I disagree with Mr. Paul because I believe in America as more than just a territorial area. I believe that we should have a government of people who choose to live in the country (and have the option of leaving if they so desire) and that the country should be by the people and for the people, the people being the key phrase.
I would love the opportunity to interview Mr. Paul and believe he would be honest enough and happy to answer my questions, I don't doubt the man's integrity or sincerity. Having said that, he has confused capitalism with democracy. While he may like Ayn Rand, I prefer Aristotle. Aristotle determined that the only right and best way to regulate society was by having the majority choose the rules, he took it for sake that all societies other than the most primitive always ended up with some having more control than others. He thought that power should be in the hands of the majority rather than a oligarch (small number of controllers) or a monarchy (single rulers by area).
While getting my Bachelor's degree in Political Science with multiple national and university awards and recognitions, I had a very special professor, he taught Political Philosophy. One day he was discussing Plato and Aristotle and I asked if he would define Plato as conservative and Aristotle as liberal, he said the terms did not apply and I have thought about his words for decades and long ago concluded he was correct. Today liberal means allowing people to do what they want and conservative means letting business do what it wants.
A community is a group of people that decides together and lives under the same rules and consequences. I believe in community because I believe the best government is the one that involves as many people who will have to live under the same rules making the rules.
Tuesday, February 18, 2014
Better Health and Arrogant People
The first part of this post is about me personally, the last part is about arrogant people, specifically some people on Wall Street. If you want, just skip down to the words Wall Street Arrogance in bold.
I had an interesting day. I saw my personal physician today. I had an adverse to some pills he had put me on a few weeks back and we changed the medication about 2 weeks ago. This was a follow up to how that worked out for me and a chance to review a whole bunch of blood tests I had taken at the time.
Back to the story. Anyways, we reviewed my test results and he actually thanked me. I had basically passed all the tests but one and the most important ones I did well on. He told me how amazing it was. I have to say I really like my doctor and have tried as much as I can to work with him on improving my numbers. I actually take the pills he has me on. I told him thank you and that I appreciated his concerns for my well being. I began seeing doctors again about a year or less. He then said something really funny, he said that when he met me he didn't think I had a year before I died.
When I began seeing him my blood pressure was categorized as a hypertensive emergency which basically means that I should have been in the middle of a heart attack. My original tests also showed that I had already suffered one heart attack which I had failed to see a doctor about. I was a very bad prospect as a patient. He showed me my history of test results and explained that the cholesterol levels and triglyceride levels should have begun causing severe organ breakdown that would have led to organ failure (I forget which organs). He told me that when I left his office the first time he almost cried because he thought I was going to die. Most people just plan a party for after I am gone.
While I have a choice of healthcare providers, I chose to go with a very large HMO called Kaiser Permanente. Some people love it and others don't; but, I have had it for 25 years because it was cheaper for my family of 5. I don't promote products on this site and don't provide links to products or other sites unless I am quoting them and don't intend to now. I just want to point out that I couldn't be happier with my doctor and truly believe I am getting the best care possible.
That is the bright side of today. I have been feeling really tired lately, I attributed this to the pills; but, it turns out that I failed one test regarding thyroid function. I don't really understand it; but, he said that there is no particular reason for it, some people's thyroids just work less well as they age. I was a little concerned; but, he said that if it turned out that was what was happening there was some simple medication to deal with it. I told him if that was what it was, I would take the pills because I cannot stand being tired all the time anymore. He then sent me off to get some more blood drawn and we shall see what the results are. I asked him about the lung x-ray that he sent me for in the last couple of weeks and he made a funny face and admitted that my lungs were clean "as always". I smoke and he sent me because of that. He wants me to stop smoking and I think it frustrates him that my lungs are so clean and I passed all my breathing tests with a clean bill of health.
I don't think he actually wants me to have lung problems, he just wants to catch it early and get me to stop smoking. I have often told him that I just need him to keep me around enough to see my granddaughter and retire (both will happen this year). He says his goal is to me have a long and healthy retirement and I actually believe him. I worked hard to get my medical benefits and if I had died 6 years ago my organization would have lost tens upon tens of millions because of the work I have done.
I have a relative who is a plumber and employees others. His company has under 50 employees and cannot afford to provide health insurance. He is incredibly traditionally conservative and said that he was happy that his employees had signed up for the Affordable Care Act (Obamacare) because they would be healthier and be able to show up for work more often. Imagine if we lived in a country where only the old got healthcare and the young workers did not. That is what we were headed to.
Wall Street Arrogance
New York Magazine - One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society. Firstly, the article's title is misleading, I don't care if they dress up in drag or even the fact that Wall Street has a secret society for the wealthy. What you need to walk away from the article understanding is how little they care about people who are not wealthy.
The article states that there was a skit making fun of the 99%, they were ridiculing Occupy Wall Street. The Occupy movement really upset and worried the bankers. In fact, the banks paid the NYPD for their overtime. The tea party was seen as merely an annoyance by people who could easily be co-opted. By having the media turn tea party supporters against the Occupy movement, the Republican party was able to use conservatives traditional biases against the left to prevent them from gaining enough support to take back the Republican party.
The real problem Wall Street has with both the tea party and the Occupy movement is the same. They are afraid that we will bring back true nationalism, a concern over this country. Anytime people in either movement are against sovereignty, it is because they are being led by outside sources or extremists. There is nothing wrong with believing in America and our sovereign right to decide how this country will be managed. Whether you are liberal or conservative, if you believe in America, you are the true enemy of the globalist agenda and their agenda is simple. Making maximum profits for a few who owe allegiance to no nation or group other than the oligarchy they seek to create.
I had an interesting day. I saw my personal physician today. I had an adverse to some pills he had put me on a few weeks back and we changed the medication about 2 weeks ago. This was a follow up to how that worked out for me and a chance to review a whole bunch of blood tests I had taken at the time.
Back to the story. Anyways, we reviewed my test results and he actually thanked me. I had basically passed all the tests but one and the most important ones I did well on. He told me how amazing it was. I have to say I really like my doctor and have tried as much as I can to work with him on improving my numbers. I actually take the pills he has me on. I told him thank you and that I appreciated his concerns for my well being. I began seeing doctors again about a year or less. He then said something really funny, he said that when he met me he didn't think I had a year before I died.
When I began seeing him my blood pressure was categorized as a hypertensive emergency which basically means that I should have been in the middle of a heart attack. My original tests also showed that I had already suffered one heart attack which I had failed to see a doctor about. I was a very bad prospect as a patient. He showed me my history of test results and explained that the cholesterol levels and triglyceride levels should have begun causing severe organ breakdown that would have led to organ failure (I forget which organs). He told me that when I left his office the first time he almost cried because he thought I was going to die. Most people just plan a party for after I am gone.
While I have a choice of healthcare providers, I chose to go with a very large HMO called Kaiser Permanente. Some people love it and others don't; but, I have had it for 25 years because it was cheaper for my family of 5. I don't promote products on this site and don't provide links to products or other sites unless I am quoting them and don't intend to now. I just want to point out that I couldn't be happier with my doctor and truly believe I am getting the best care possible.
That is the bright side of today. I have been feeling really tired lately, I attributed this to the pills; but, it turns out that I failed one test regarding thyroid function. I don't really understand it; but, he said that there is no particular reason for it, some people's thyroids just work less well as they age. I was a little concerned; but, he said that if it turned out that was what was happening there was some simple medication to deal with it. I told him if that was what it was, I would take the pills because I cannot stand being tired all the time anymore. He then sent me off to get some more blood drawn and we shall see what the results are. I asked him about the lung x-ray that he sent me for in the last couple of weeks and he made a funny face and admitted that my lungs were clean "as always". I smoke and he sent me because of that. He wants me to stop smoking and I think it frustrates him that my lungs are so clean and I passed all my breathing tests with a clean bill of health.
I don't think he actually wants me to have lung problems, he just wants to catch it early and get me to stop smoking. I have often told him that I just need him to keep me around enough to see my granddaughter and retire (both will happen this year). He says his goal is to me have a long and healthy retirement and I actually believe him. I worked hard to get my medical benefits and if I had died 6 years ago my organization would have lost tens upon tens of millions because of the work I have done.
I have a relative who is a plumber and employees others. His company has under 50 employees and cannot afford to provide health insurance. He is incredibly traditionally conservative and said that he was happy that his employees had signed up for the Affordable Care Act (Obamacare) because they would be healthier and be able to show up for work more often. Imagine if we lived in a country where only the old got healthcare and the young workers did not. That is what we were headed to.
Wall Street Arrogance
New York Magazine - One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society. Firstly, the article's title is misleading, I don't care if they dress up in drag or even the fact that Wall Street has a secret society for the wealthy. What you need to walk away from the article understanding is how little they care about people who are not wealthy.
The article states that there was a skit making fun of the 99%, they were ridiculing Occupy Wall Street. The Occupy movement really upset and worried the bankers. In fact, the banks paid the NYPD for their overtime. The tea party was seen as merely an annoyance by people who could easily be co-opted. By having the media turn tea party supporters against the Occupy movement, the Republican party was able to use conservatives traditional biases against the left to prevent them from gaining enough support to take back the Republican party.
The real problem Wall Street has with both the tea party and the Occupy movement is the same. They are afraid that we will bring back true nationalism, a concern over this country. Anytime people in either movement are against sovereignty, it is because they are being led by outside sources or extremists. There is nothing wrong with believing in America and our sovereign right to decide how this country will be managed. Whether you are liberal or conservative, if you believe in America, you are the true enemy of the globalist agenda and their agenda is simple. Making maximum profits for a few who owe allegiance to no nation or group other than the oligarchy they seek to create.
Monday, February 17, 2014
When Foreclosures Will Increase
We all know that there have been foreclosures across the United States; but, millions are still living in homes which they have not paid a mortgage for in a couple of years. Why haven't the banks foreclosed? The answer is because they have been busy selling their mortgages to the government and the Federal Reserve. That is what Quantitative Easing 3 has been about.
The big banks began giving loans to anyone and everyone knowing that they could not pay going back to 2001 or so. In 2007 it became apparent that people could not pay back their loans and that housing prices were unsustainable. The result was housing prices depreciating as much as 50%. Banks that were holding those loans went bankrupt and the government ended up having to take tax payer funds to bail them out. That is the starting point.
In order to take these loans off of the balance sheets of the banks, the Federal Reserve began buying the mortgage back securities from the banks. Now that they have purchased most of the mortgages, there is no longer a need to keep the market value up of these houses. When the balance sheet of the Federal Reserve is adjusted down it will be taxes that pay them back.
In short, banks made bad loans, profited greatly from it and then sold those bad loans to the government and Federal Reserve. Once the Federal Reserve stops buying these mortgages it will be because all of this debt will now be on the government. At that point, Fannie Mae and Freddie Mac will accelerate foreclosures and allow the balance sheet be be marked to market, to actually reflect the odds of getting paid back and the difference will be made up in taxes.
So, what does this mean for the housing market? Well, it means that home values will plummet again. This was hedged somewhat by the fact that most housing purchases in the past couple of years were paid for in cash by foreigners and hedge funds. QE3 was designed specifically to remove overpriced housing mortgages from the banks and with that now complete the tapering has begun. Once the tapering is complete the foreclosures can be completed and the real estate market values will adjust based on those who purchase those homes.
The big banks began giving loans to anyone and everyone knowing that they could not pay going back to 2001 or so. In 2007 it became apparent that people could not pay back their loans and that housing prices were unsustainable. The result was housing prices depreciating as much as 50%. Banks that were holding those loans went bankrupt and the government ended up having to take tax payer funds to bail them out. That is the starting point.
In order to take these loans off of the balance sheets of the banks, the Federal Reserve began buying the mortgage back securities from the banks. Now that they have purchased most of the mortgages, there is no longer a need to keep the market value up of these houses. When the balance sheet of the Federal Reserve is adjusted down it will be taxes that pay them back.
In short, banks made bad loans, profited greatly from it and then sold those bad loans to the government and Federal Reserve. Once the Federal Reserve stops buying these mortgages it will be because all of this debt will now be on the government. At that point, Fannie Mae and Freddie Mac will accelerate foreclosures and allow the balance sheet be be marked to market, to actually reflect the odds of getting paid back and the difference will be made up in taxes.
So, what does this mean for the housing market? Well, it means that home values will plummet again. This was hedged somewhat by the fact that most housing purchases in the past couple of years were paid for in cash by foreigners and hedge funds. QE3 was designed specifically to remove overpriced housing mortgages from the banks and with that now complete the tapering has begun. Once the tapering is complete the foreclosures can be completed and the real estate market values will adjust based on those who purchase those homes.
One More Rant on American Anti-Americanism
Rasmussen Reports - Economic Fairness. They took a poll and concluded that 83% of us think it is important for everyone to have a chance to succeed. In a separate poll, the same site states, "53% Rate Economic Growth As More Important Than Economic Fairness". They did not ask about taking from the rich to give to the poor, you can read the poll, they asked how important economic fairness was compared to growth. Think about the word fairness, not gifts, not charity, fairness.
Yahoo - AP - After UAW defeat, can GOP fulfill promise of jobs?. So, there is a VW plant in Tennessee and it was going to vote on unionizing. Their senator said that if they voted against unionization they might not get more production and a second line of vehicles being made there. VW itself said that the vote would have no effect on their decision and in fact, it is the only VW plant that doesn't include formal employee representation in their own words.
VW didn't sell out American workers, our own representatives did and they did not do it to benefit VW. VW would have been satisfied to give American workers the same treatment it gives German workers. So who benefited? Not VW, not workers. Nope, the real intent was to prove to other companies that they could come to Tennessee and get to give American workers fewer benefits then they give to workers in their own countries. How is that pro-American? Their governor said that a pro-union vote would keep other companies from coming to their state.
American businesses and politicians are telling foreign countries that they will pimp out our citizens and offer even fewer benefits to Americans than foreign companies offer their own citizens and are willing to offer United States citizens.
True American liberals and conservatives believe we should do what is best for this country. They may differ on how and who should benefit and to what degree within this country; however, they believe we should do things that benefit this country. The wealthy and the politicians are growing against that philosophy. They are promoting benefiting a few in this country and don't worry about how it effects the country as a whole. Until we understand that, we will continue to fall into sides and work against our own best interests.
Let me give you a couple of links to show you how little our politicians think of our American way of life.
Huffington Post - Romney Seeks an America More Like China.
Yahoo - Daily Caller - Bachmann says US should be more like China.
Examiner.com - Elizabeth Warren: U.S. should be more like Communist China.
See the pattern yet? I didn't think Romney, Bachmann and Warren agreed on anything; but, apparently they all agree that America should be more like communist China. Left, right and middle they are all pitching the same garbage, that America should stop being as it is and emulate a totalitarian government that doesn't care about it's own people. My father was in the Korean war, his outfit was overrun by the Chinese who rushed their people at machine guns because they had more people than bullets.
In China if a politician were to sell industrial secrets to the United States, he would be killed. In the United States if one of our companies sells it's trade secrets and patents to China, it gets a tax deduction. Let me simplify, the people who have control over this nation believe we should be more like Communist China and less like "Socialist" Europe. Given the choice, I would prefer to see the country become more like Europe than China.
My political philosophy is pretty simple, lets work together and take care of America. How about, "America First"? What if our central mission as a nation was to make America strong, not individuals or other nations; but, working together to do what is best for this country. I come from a military family and I don't know one of them that risked their lives so that we could be more like communist China or the old Soviet Union.
What is the essence of communist China, again, not complicated. They believe in unregulated industry and a regulated population. Look around you, the individual is being more and more regulated and the industries have all become unregulated which has led to economic catastrophes and a loss of jobs. You don't have to be a genius to see this. It is the intentional destruction of America and our way of life for the benefit of a few who don't even care about this society as a whole.
America is not failing because of welfare, gay marriage, drug use, online gambling, single mothers, or all the other garbage that you are being told. It is failing because we are being sold out by those who have benefited the most from our nation. It is being sold out and it doesn't need to be. We gave away our industrial base, we could still produce steel and washing machines if we wanted to. Our workers are more than capable of turning screws and owning homes.
Half of the graduate college students in America are foreigners. I want you to think about that. Maybe it explains why our own companies want to change immigration laws to allow them to hire any foreigner they want who is educated. In the past, we created and supported colleges because we thought they would educate Americans.
Lets be real Americans. If you college is increasing the number of foreign students that it allows in, stop supporting them, stop sending them money and push for your state to stop supporting them with your tax dollars to educate foreign students. I am not against foreigners, far from it and am quite satisfied with allowing Mexicans who have been here for decades to become citizens. I am against subsidizing foreign nationals who do not intend to become Americans in their education in America.
Why is this not discussed more in the mainstream media. The answer is simple, they are controlled by those who don't give a rats rearend about this nation and a political class that feels the exact same way. Our failure that allows them to appeal to our emotional responses is what they rely on to push our hot buttons and misdirect the real discussion of what is best for this nation.
Yahoo - AP - After UAW defeat, can GOP fulfill promise of jobs?. So, there is a VW plant in Tennessee and it was going to vote on unionizing. Their senator said that if they voted against unionization they might not get more production and a second line of vehicles being made there. VW itself said that the vote would have no effect on their decision and in fact, it is the only VW plant that doesn't include formal employee representation in their own words.
VW didn't sell out American workers, our own representatives did and they did not do it to benefit VW. VW would have been satisfied to give American workers the same treatment it gives German workers. So who benefited? Not VW, not workers. Nope, the real intent was to prove to other companies that they could come to Tennessee and get to give American workers fewer benefits then they give to workers in their own countries. How is that pro-American? Their governor said that a pro-union vote would keep other companies from coming to their state.
American businesses and politicians are telling foreign countries that they will pimp out our citizens and offer even fewer benefits to Americans than foreign companies offer their own citizens and are willing to offer United States citizens.
True American liberals and conservatives believe we should do what is best for this country. They may differ on how and who should benefit and to what degree within this country; however, they believe we should do things that benefit this country. The wealthy and the politicians are growing against that philosophy. They are promoting benefiting a few in this country and don't worry about how it effects the country as a whole. Until we understand that, we will continue to fall into sides and work against our own best interests.
Let me give you a couple of links to show you how little our politicians think of our American way of life.
Huffington Post - Romney Seeks an America More Like China.
Yahoo - Daily Caller - Bachmann says US should be more like China.
Examiner.com - Elizabeth Warren: U.S. should be more like Communist China.
See the pattern yet? I didn't think Romney, Bachmann and Warren agreed on anything; but, apparently they all agree that America should be more like communist China. Left, right and middle they are all pitching the same garbage, that America should stop being as it is and emulate a totalitarian government that doesn't care about it's own people. My father was in the Korean war, his outfit was overrun by the Chinese who rushed their people at machine guns because they had more people than bullets.
In China if a politician were to sell industrial secrets to the United States, he would be killed. In the United States if one of our companies sells it's trade secrets and patents to China, it gets a tax deduction. Let me simplify, the people who have control over this nation believe we should be more like Communist China and less like "Socialist" Europe. Given the choice, I would prefer to see the country become more like Europe than China.
My political philosophy is pretty simple, lets work together and take care of America. How about, "America First"? What if our central mission as a nation was to make America strong, not individuals or other nations; but, working together to do what is best for this country. I come from a military family and I don't know one of them that risked their lives so that we could be more like communist China or the old Soviet Union.
What is the essence of communist China, again, not complicated. They believe in unregulated industry and a regulated population. Look around you, the individual is being more and more regulated and the industries have all become unregulated which has led to economic catastrophes and a loss of jobs. You don't have to be a genius to see this. It is the intentional destruction of America and our way of life for the benefit of a few who don't even care about this society as a whole.
America is not failing because of welfare, gay marriage, drug use, online gambling, single mothers, or all the other garbage that you are being told. It is failing because we are being sold out by those who have benefited the most from our nation. It is being sold out and it doesn't need to be. We gave away our industrial base, we could still produce steel and washing machines if we wanted to. Our workers are more than capable of turning screws and owning homes.
Half of the graduate college students in America are foreigners. I want you to think about that. Maybe it explains why our own companies want to change immigration laws to allow them to hire any foreigner they want who is educated. In the past, we created and supported colleges because we thought they would educate Americans.
Lets be real Americans. If you college is increasing the number of foreign students that it allows in, stop supporting them, stop sending them money and push for your state to stop supporting them with your tax dollars to educate foreign students. I am not against foreigners, far from it and am quite satisfied with allowing Mexicans who have been here for decades to become citizens. I am against subsidizing foreign nationals who do not intend to become Americans in their education in America.
Why is this not discussed more in the mainstream media. The answer is simple, they are controlled by those who don't give a rats rearend about this nation and a political class that feels the exact same way. Our failure that allows them to appeal to our emotional responses is what they rely on to push our hot buttons and misdirect the real discussion of what is best for this nation.
A Growing Trend in Anti-Americanism Amongst Wealthy Americans
The attack in America is not on the 1%, it is on the rest of us and it is cynical and unrelenting. In it's most foul form, it seeks to pit Americans against one another while exporting the wealth of this nation to others. Lincoln famously said, "A house divided against itself cannot stand." A nation is a community of people working together for the best of themselves and the community as a whole.
Over the past couple of years, since the economic crash, there has been a steady stream of wealthy people saying really undemocratic and anti-American things. In part, this thinking is what caused the crash. The economic crash was caused by people who saw an opportunity to make billions of dollars at the expense of the nation and the vast majority of us. When J.P. Morgan and others began selling mortgage backed derivatives that they knew had no intrinsic value and then betting on them to fail, we are seeing the real depth of the perversity of some.
Lets review some recent articles and see if we can find any trends.
The Weekly Standard - Chamber CEO: U.S. Needs More Low-Skill Immigration Since Americans Are Not 'Qualified" or 'Willing' to Do Such Work.
The Fresno Bee - A steady flow of talented, industrious immigrants can fuel a booming economy
. His real intent can be found in his words, "Many studies have concluded that the greatest percentage of job growth in the United States through 2020 is expected in low- and moderate-skilled jobs that cannot be automated or outsourced." What is funny is that this is coming from the CEO of the "United States Chamber of Commerce" and he makes it clear that he is not interested in creating jobs for Americans.
Business Insider - Millionaire VC: Rich People Like Me Should Get More Votes. The person who made this claim is retired venture capitalist Tom Perkins. Following his philosophy, women who worked at home would have been denied the vote in the 1950s. While his statement is simply ignorant, there is something much deeper going on that he is expressing. It is not just a disdain for those who are not wealthy, it is a disdain for the concept of an American society.
Reuters - Rich shouldn’t have to pay taxes, Santorum backer says.
Politico - Why the rich are freaking out. One of the best lines from the article is this, "“Life is hard enough, and I think this constant lecturing on ethics and on integrity by many stakeholders is probably the most frustrating part of the equation. Because I don’t think there are many people who are perfect,” Sergio Ermotti, chief executive of UBS AG, told The Wall Street Journal. “We are far from being perfect … but it’s not going to be very helpful to be constantly bashing banks.” Here is a bank executive complaining that they are being asked to be ethical and have integrity, think about that for a moment.
Yahoo - Reuters - Foreign banks bracing for tough U.S. Fed capital rules. Basically the article complains, ever so slightly, that the Federal Reserve is making foreign banks inside the United States follow the same rules for capitalization as American banks. My answer is much simpler, don't allow foreign banks in the United States as they have little to no stake in the outcome here.
Americans used to invest in America and we used to think that was a good thing. Our industrial base was very patriotic and our banks were American local banks that invested in their community with our money and they saw it as the communities money because it relied on small depositors to put money into the banks that was then loaned to local businesses and residents. During the financial crisis the Federal Reserve gave hundreds of billions of dollars in loans to foreign nations and foreign banks which was all backed up by our taxes.
I particularly enjoy reading extremists revisionist history. Lets start with a couple of minor facts. Firstly, this nation was not created as capitalistic. In fact, it was a fricking colony of England and they received much of our wealth through taxes and fees. We did all the hard work and shipped the profits off to Britain. Secondly, this nation was heavily invested in slavery. That is a great one, so democratic. Actually, something that was really cynical in the original Constitution was that southern states were given representation in congress based on the number of slaves they had (although I think each slave was counted as 3/4ths of a human or so) even though those slaves could not vote. I should also point out that the original Articles of Confederation allowed states to place tariffs on goods from other states, they didn't even have free trade.
One of the articles above has an idiot claim that people like Steve Jobs did so much for America. Wait, not one Apple product is manufactured in America, he outsourced about a million jobs. "Steve" jobs are primarily Chinese communist jobs. Do you remember when conservatives used to fight communism? Now they fund it by outsourcing our jobs there. Will we be outsourcing our jobs to North Korea next? Why not outsource our jobs to the Taliban? I find it amazingly hypocritical of some on the right claiming that President Obama is a communist and how bad socialism is while sending our jobs over to communist China.
Over the past couple of decades American companies have outsourced 27 million jobs to communist China. This is ironic in that it just about matches the number of unemployed in America. Our representatives in congress that should be the most supportive of America voted in the laws that promoted sending jobs to communist China and allowing these companies to not pay taxes here. Real patriots.
There is a lot of talk right now about immigration "reform" (probably the most abused word in English anymore). The "right" is saying it is about illegal Mexican aliens; but, the real game is to bring in Chinese immigrants. If you go back to the article I linked to above, you see that the person is arguing that we need to bring in more educated people and reform immigration rules to allow that. Many in the tech industry are calling for this because they can get highly educated people on the cheap by trading them immigration status. Why aren't the "conservatives" discussing this?
Both the left and right and mainstream media are selling you a divide and conquer and slogan filled line of propaganda as they work together to strip this nation of the fruits of our parents labor. The real issue is not income inequality in the United States, it is about selling out the American citizen. A traitor is someone who works against the interests of their own nation, their own community, that is what the word means.
When an American company sends jobs to communist China, how would you describe them? I am disgusted by those who claim to be patriotic and conservative that also support sending 27 million American manufacturing jobs to communist China. I don't care about gay marriage, legalizing marijuana or online poker half as much as I care about the true destruction of America and see those other issues as distractions. Your life has been ruined and the lives of your children by the destruction of our industrial base by "conservatives". They are not conservative, they are business people who only care about a profit and not about this nation. Don't get me wrong, the true entrepreneurs still exist, they are small businessman.
The best part of the Republican party at present is the Tea Party and even though I tend towards the Occupy philosophy, I agree with the Tea party sentiment more than the Mitt Romney anything for a buck philosophy. Real conservatives believe in this nation. Now, here is what the 1% are really afraid of, once the Tea Party figures out that they are being manipulated by the Republicans and that the Occupy movement and them have agreement on nationalism as opposed to globalism, they will work together and change the rules to favor this nation. That is the real fear and explains why they are for bringing in immigrants from China and the outsourcing of jobs.
Here is a great little excerpt from a movie called Network, it was made in 1976 and is truer more today then it even was then. YouTube - "I'm mad as hell and I'm not going to take it anymore". What some people are worried about is that we will say, "I'm a human being... My life has value".
In the linked article above from Politico there is a wonderful sentence. "Ken Langone, a wealthy investor and co-founder of Home Depot, recently told CNBC that the Catholic Church in New York might see a decline in donations if Pope Francis did not tone down his comments about the dangers of economic inequality." Wow. I have a lot of disagreements with the Catholic church; but, they believe themselves to represent God's beliefs and I support their attempt. By the way, Mr. Langone claims to be a Catholic, yet, he seems to believe that the church should base it's policy on what is economically popular. I grew up Catholic and am pretty sure that they are supposed to follow the words of the Pope and not chastise him.
People should be able to see the obvious. Imagine that during the cold war an American company decided to build a automotive manufacturing company in the Soviet Union and gave Russia their patents? Think about how crazy that sounds. Liberals and conservatives would have flipped out and certainly not give tax benefits to them for doing so. Yet, that is what we have done in China and nobody seems to get it or complain.
Here is the key. The United States could become some sort of European socialist country or go into some sort of neo-capitalist utopia and it won't make much of a difference if we send all of our jobs overseas. A dead capitalist and a dead socialist look the same. We need to fix this country and make our laws work for this country, if we do that we can argue later over how to distribute wealth.
Over the past couple of years, since the economic crash, there has been a steady stream of wealthy people saying really undemocratic and anti-American things. In part, this thinking is what caused the crash. The economic crash was caused by people who saw an opportunity to make billions of dollars at the expense of the nation and the vast majority of us. When J.P. Morgan and others began selling mortgage backed derivatives that they knew had no intrinsic value and then betting on them to fail, we are seeing the real depth of the perversity of some.
Lets review some recent articles and see if we can find any trends.
The Weekly Standard - Chamber CEO: U.S. Needs More Low-Skill Immigration Since Americans Are Not 'Qualified" or 'Willing' to Do Such Work.
The Fresno Bee - A steady flow of talented, industrious immigrants can fuel a booming economy
. His real intent can be found in his words, "Many studies have concluded that the greatest percentage of job growth in the United States through 2020 is expected in low- and moderate-skilled jobs that cannot be automated or outsourced." What is funny is that this is coming from the CEO of the "United States Chamber of Commerce" and he makes it clear that he is not interested in creating jobs for Americans.
Business Insider - Millionaire VC: Rich People Like Me Should Get More Votes. The person who made this claim is retired venture capitalist Tom Perkins. Following his philosophy, women who worked at home would have been denied the vote in the 1950s. While his statement is simply ignorant, there is something much deeper going on that he is expressing. It is not just a disdain for those who are not wealthy, it is a disdain for the concept of an American society.
Reuters - Rich shouldn’t have to pay taxes, Santorum backer says.
Politico - Why the rich are freaking out. One of the best lines from the article is this, "“Life is hard enough, and I think this constant lecturing on ethics and on integrity by many stakeholders is probably the most frustrating part of the equation. Because I don’t think there are many people who are perfect,” Sergio Ermotti, chief executive of UBS AG, told The Wall Street Journal. “We are far from being perfect … but it’s not going to be very helpful to be constantly bashing banks.” Here is a bank executive complaining that they are being asked to be ethical and have integrity, think about that for a moment.
Yahoo - Reuters - Foreign banks bracing for tough U.S. Fed capital rules. Basically the article complains, ever so slightly, that the Federal Reserve is making foreign banks inside the United States follow the same rules for capitalization as American banks. My answer is much simpler, don't allow foreign banks in the United States as they have little to no stake in the outcome here.
Americans used to invest in America and we used to think that was a good thing. Our industrial base was very patriotic and our banks were American local banks that invested in their community with our money and they saw it as the communities money because it relied on small depositors to put money into the banks that was then loaned to local businesses and residents. During the financial crisis the Federal Reserve gave hundreds of billions of dollars in loans to foreign nations and foreign banks which was all backed up by our taxes.
I particularly enjoy reading extremists revisionist history. Lets start with a couple of minor facts. Firstly, this nation was not created as capitalistic. In fact, it was a fricking colony of England and they received much of our wealth through taxes and fees. We did all the hard work and shipped the profits off to Britain. Secondly, this nation was heavily invested in slavery. That is a great one, so democratic. Actually, something that was really cynical in the original Constitution was that southern states were given representation in congress based on the number of slaves they had (although I think each slave was counted as 3/4ths of a human or so) even though those slaves could not vote. I should also point out that the original Articles of Confederation allowed states to place tariffs on goods from other states, they didn't even have free trade.
One of the articles above has an idiot claim that people like Steve Jobs did so much for America. Wait, not one Apple product is manufactured in America, he outsourced about a million jobs. "Steve" jobs are primarily Chinese communist jobs. Do you remember when conservatives used to fight communism? Now they fund it by outsourcing our jobs there. Will we be outsourcing our jobs to North Korea next? Why not outsource our jobs to the Taliban? I find it amazingly hypocritical of some on the right claiming that President Obama is a communist and how bad socialism is while sending our jobs over to communist China.
Over the past couple of decades American companies have outsourced 27 million jobs to communist China. This is ironic in that it just about matches the number of unemployed in America. Our representatives in congress that should be the most supportive of America voted in the laws that promoted sending jobs to communist China and allowing these companies to not pay taxes here. Real patriots.
There is a lot of talk right now about immigration "reform" (probably the most abused word in English anymore). The "right" is saying it is about illegal Mexican aliens; but, the real game is to bring in Chinese immigrants. If you go back to the article I linked to above, you see that the person is arguing that we need to bring in more educated people and reform immigration rules to allow that. Many in the tech industry are calling for this because they can get highly educated people on the cheap by trading them immigration status. Why aren't the "conservatives" discussing this?
Both the left and right and mainstream media are selling you a divide and conquer and slogan filled line of propaganda as they work together to strip this nation of the fruits of our parents labor. The real issue is not income inequality in the United States, it is about selling out the American citizen. A traitor is someone who works against the interests of their own nation, their own community, that is what the word means.
When an American company sends jobs to communist China, how would you describe them? I am disgusted by those who claim to be patriotic and conservative that also support sending 27 million American manufacturing jobs to communist China. I don't care about gay marriage, legalizing marijuana or online poker half as much as I care about the true destruction of America and see those other issues as distractions. Your life has been ruined and the lives of your children by the destruction of our industrial base by "conservatives". They are not conservative, they are business people who only care about a profit and not about this nation. Don't get me wrong, the true entrepreneurs still exist, they are small businessman.
The best part of the Republican party at present is the Tea Party and even though I tend towards the Occupy philosophy, I agree with the Tea party sentiment more than the Mitt Romney anything for a buck philosophy. Real conservatives believe in this nation. Now, here is what the 1% are really afraid of, once the Tea Party figures out that they are being manipulated by the Republicans and that the Occupy movement and them have agreement on nationalism as opposed to globalism, they will work together and change the rules to favor this nation. That is the real fear and explains why they are for bringing in immigrants from China and the outsourcing of jobs.
Here is a great little excerpt from a movie called Network, it was made in 1976 and is truer more today then it even was then. YouTube - "I'm mad as hell and I'm not going to take it anymore". What some people are worried about is that we will say, "I'm a human being... My life has value".
In the linked article above from Politico there is a wonderful sentence. "Ken Langone, a wealthy investor and co-founder of Home Depot, recently told CNBC that the Catholic Church in New York might see a decline in donations if Pope Francis did not tone down his comments about the dangers of economic inequality." Wow. I have a lot of disagreements with the Catholic church; but, they believe themselves to represent God's beliefs and I support their attempt. By the way, Mr. Langone claims to be a Catholic, yet, he seems to believe that the church should base it's policy on what is economically popular. I grew up Catholic and am pretty sure that they are supposed to follow the words of the Pope and not chastise him.
People should be able to see the obvious. Imagine that during the cold war an American company decided to build a automotive manufacturing company in the Soviet Union and gave Russia their patents? Think about how crazy that sounds. Liberals and conservatives would have flipped out and certainly not give tax benefits to them for doing so. Yet, that is what we have done in China and nobody seems to get it or complain.
Here is the key. The United States could become some sort of European socialist country or go into some sort of neo-capitalist utopia and it won't make much of a difference if we send all of our jobs overseas. A dead capitalist and a dead socialist look the same. We need to fix this country and make our laws work for this country, if we do that we can argue later over how to distribute wealth.
Saturday, February 15, 2014
A Bunch of Links
Yahoo - AP - Yellen rebuffs Fed critics and pleases investors. 5 hours of testimony and she said nothing other than that she was following the same playbook as her predecessors. People are unsure what she will do with the taper and I will tell you exactly what she will do, she will stop it when unemployment hits 6.5%. That means very soon.
Market Watch - Morgan Stanley’s ex-CEO: Stop ‘beating up’ on Blankfein and Dimon. The message from the financial media is simple, stop being mad and complaining about the people who destroyed the worlds economy and fixed all the financial markets.
Fox News - John Podesta, key player in administration’s regulation drive, also helped UN develop radical new global agenda. One world, one world, one world.
Market Watch - Morgan Stanley’s ex-CEO: Stop ‘beating up’ on Blankfein and Dimon. The message from the financial media is simple, stop being mad and complaining about the people who destroyed the worlds economy and fixed all the financial markets.
Fox News - John Podesta, key player in administration’s regulation drive, also helped UN develop radical new global agenda. One world, one world, one world.
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