Best of the Week
Most Popular
1.China Crash, Greece Collapse, Harbingers of Stock Market Apocalypse Forecast 2015? - Nadeem_Walayat
2.Gold Price Awaiting Outcome of Greece Crisis - Clive_Maund
3.Gold Price Peculiar 6 Month Cycles - Rambus_Chartology
4.Gold Price Just a Little Bit More - Bob_Loukas
5.8 Unprecedented Extremes Indicate a Stock Market Bubble in Trouble - EWI
6.Gold And Silver – Without Either, You Will Be Greeced - Michael_Noonan
7.Lies, Damned Lies and Statistics - James_Quinn
8.China Crash, Greece Crisis Harbingers of Stocks Bear Market? Video - Nadeem_Walayat
9.Gold and Silver Record Shorting - Zeal_LLC
10.Markets Big Deflationary Downwave Quick Reference Guide... - Clive_Maund
Last 5 days
The Fed Can't Stop the Commodity Bear Market - 1st Aug 15
Meet the Leader Who Turned Google Into a “Buy” - 1st Aug 15
The Greek Coup: Liquidity as a Weapon of Coercion - 1st Aug 15
Gold’s Amazing Resiliency - 31st July 15
Silver – A Century of Prices - 31st July 15
Demand for Gold Bullion Surges – Perth Mint, and U.S. Mint Cannot Meet Demand - 31st July 15
Reasons Why the Greek Crisis Will Only Get Worse - 30th July 15
The War On Cash: Why Now? - 30th July 15
Greece - The IMF Experts Flunk, Again - 30th July 15
Threat Of Cyber Warfare the “Other Reason To Own Physical Gold” Warns Rickards - 30th July 15
The 5 Biggest Myths and Lies about the Middle East - 30th July 15
Greece, Diversion, and the New World Order - 30th July 15
Ibuprofen Warning - The Pain Killer that can Kill You! - 29th July 15
More Ritholtz on Gold, and Another Response - 29th July 15
Crude Oil Price Is Lower – and You’re Richer - 29th July 15
U.S. Home Sales Market Is Dead – This Chart Proves It - 29th July 15
Greece- What Happens When Economists Talk Politics - 29th July 15
The Gold - U.S. House Prices Ratio As A Valuation Indicator - 29th July 15
Will Crude Oil Price Decline Continue? -Video - 28th July 15
Gold & Silver Money Has Devolved Into Debt and Plastic - 28th July 15
Buy and "Own Gold Krugerrands" Says Money Expert Jim Grant, Very Bullish on Gold - 28th July 15
How to Protect Yourself from China's Crashing Stock Market - 28th July 15
Quantum Geopolitics - 28th July 15
Gold Mining Stocks to Weather the Storm - 28th July 15
Stock Market Bulls Beware! - 28th July 15
Will Chinese Stock Market Crash Affect the US? - 27th July 15
Crude Oil Price Under $48! - 27th July 15
Are We Seeing a Trend Reversal with U.S. Interest Rates? - 27th July 15
How to Know When the Gold Bear Market is Over - 27th July 15
Gold Bear Market Phase III - 27th July 15
Silver Bull Hammer Buy Signal - 27th July 15
Gold Cracks Support and Plunges to New Lows - How Low Will Price Go? - 27th July 15
Commodity Markets Breakdown Of 2015 Is Now A Fact - 26th July 15
Gold Price at a Five-Year Low: Here’s What to Do - 26th July 15
Stock Market Primary III Inflection Point - 26th July 15

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Stock Market Bubble in Trouble

The Dark Heart of Corporatism

Politics / Taxes Jun 28, 2011 - 12:29 PM GMT

By: Jesse

Politics

Best Financial Markets Analysis ArticleA few seem to be waking up to the irony. A drumbeat of corporate persuasion that is noticeable to those outside the culture, and those who have switched off the propaganda feeds on the internet and in the mainstream media.  But the illusion is unnoticed by those seeking an escape from complexity and the uncomfortable in simple solutions and slogans, quickly mouthed as a subtitute for thought.


"If we understand the mechanism and motives of the group mind, it is now possible to control and regiment the masses according to our will without them knowing it."

Edward Bernays

If a 'reformer' does not speak to the need to reform the financial system, the huge advantages and subsidies being given to the corporations and the ultra rich who control them, it is a fairly good indication of what sort of a reformer they really are, and who is pulling their strings.

There is a massive tax avoidance scheme being conducted, for example, by multinational corporations that use accounting methods to accrue income to tax havens overseas, and shelter their cash from income taxes.  With the occasional tax holiday for which they fund large lobbying efforts, they can bring that cash home for tax rates much lower than you might pay, and then give the proceeds to their executives and shareholders as tax-lite dividends and capital gains. It does not take much of a presence or actual sales in any tax haven to do it. A mailbox, an attorney, and an accountant are enough.

As an individual, try shifting your wealth capital overseas, and avoid paying taxes on the capital gains and the interest. They don't make it easy to say the least. But corporations can establish branch offices in tax havens and use loopholes to avoid paying most of their taxes from operations across the US and around the world.

The problem is that corporations have become much more powerful and important than individuals, favored by the politicians on their payrolls.

You are responsible for what you watch, and what you put into your mind, even when it feels comfortable to be part of a mob. The mob will take you to places that you do not wish to go.

As for those who wish to use it, the madness serves only itself.  People will kill their neighbor and poison their children, before they will admit that they were wrong.  They have no love in their hearts, only lust, greed, and hatred which they call love, because they serve only themselves and dark powers.

And at the end they will say, 'we did not know.'

Salon
America's unique hatred of finance reform
By David Sirota

"Despite the moment's anti-union/anti-government sloganeering, the American employees who are paid the highest publicly financed salaries are not state and municipal workers -- nor even our $400,000-a-year president. That distinction goes to the bank executives who are now being paid record salaries -- salaries that continue to be financed by ongoing taxpayer-sponsored bailouts (and yes, huge bailouts are still happening).

We don't hear much about this because the United States government still promotes the fallacy that our banks are not publicly subsidized institutions subject to requisite public control like, say, a utility company might be. Instead, despite all evidence to the contrary, Washington pretends that these are corporations operating in a free market, ignoring the fact that an actual free market would have destroyed many of these very same entities back in 2008. Nonetheless, the nonsensical free-market apocrypha lives on because it serves such an important a purpose for banks and the U.S. politicians they own -- namely, to successfully thwart the push not just for full-on bank nationalization, but for even minimal financial regulation.

So astonishingly successful has this farce been that our domestic debate about spending and deficits today is somehow primarily about demonizing the publicly financed five-figure salaries of teachers, police officers and firefighters, rather than about reducing the publicly financed seven- and eight-figure salaries of Wall Streeters. In Fox News parlance, the former are simply tarred and feathered as the takers in an "Entitlement Nation," while the latter are celebrated as the earnest John Galts who are keeping America afloat.

Against the backdrop of international politics, the unchallenged dominance of such a narrative in this country has become the most powerful American exceptionalism of all -- it now literally separates us from most of the rest of the industrialized world. Indeed, while our pro-corporate ruling class tells us to fear the shrugs of Wall Street's supposed Atlases, the same fears are being outright rejected by many other industrialized nations in the post-meltdown years -- even those with relatively conservative governments..."


Read the rest here.


By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

© 2011 Copyright  Jesse's Café Américain - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2015 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Biggest Debt Bomb in History