May 132013
 

Posted by greydogg, 99GetSmart

* CORPORATE GIANTS AREN’T WEALTH CREATORS … THEY’RE PARASITES

Source: Scriptonite Daily

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The private sector is evading its taxes, failing to pay workers a living wage, and becoming a burden on the tax payer for subsidies and bailouts.  At what point to we stop calling them wealth creators and start calling them parasites?

Neoliberal democracies around the globe have been using taxpayer money to underwrite and directly pay off phantom debts made by the banking sector.

According to the National Audit Office, The UK National Debt rose by £1.5trn as a result of the Bank Bailout. This is twice the nation’s total annual budget.  For this amount, the UK could have funded the health service (£106.7bn a year) for fourteen years , the entire education system for forty years(£42bn a year) or over three hundred years of Job Seekers Allowance (£4.9bn a year).

According to the Special Investigator General for the Troubled Asset Relief Program’s (SIGTARP) quarterly reports, the US government’s total layout in bailouts was $3.3trn whilst guaranteeing $16.9trn of future protections.  The GDP of the US currently stands at just $14.99trn, meaning the tax payer has guaranteed toxic bank debts to the value of 113% of their total annual earning capacity. This is equivalent to ten years of total federal spending ($6.3trn a year), sixteen years of pension payments ($1.1trn a year), twenty one years of total education spending ($0.8trn a year) or a whole twenty eight years of the entire welfare system ($0.6trn a year).

Most recently, the people of Cyprus have had the Eurogroup and the IMF place conditions on their bailout of the Cypriot Banking sector requiring Cypriot depositors (people holding their money in the banks) rather than bondholders (people investing in the banks).  This is the first time that the bailout of the banks by the public has been made in such an explicit way.  The total sum required from Cyprus’ population of just 1.1 million people, is 5.8bn Euros.

One might argue the changes made to the Cyprus bailout have made it more egalitarian than those in the US and UK, given that all deposits under 100,000 Euros will be left untouched, whilst those over 100k could see up to 40% of their wealth confiscated in return for shares in the banks (worthless).  The approach in the US, UK and wider Europe has been to fund the bailouts through catastrophic ‘austerity’ measures that have seen the eurozone economies stall, public services cut drastically, and mass unemployment.

However, the precedent of the EU and IMF creating the legal framework and the technical capacity to flick a switch and transfer money directly from the bank accounts of citizens to central banks cannot be overlooked.

Not a single banker has been tried or jailed for their undisputed responsibility for the financial crisis.  Not one piece of additional regulation has been agreed for the derivatives market which the crisis emanated from, and the market continues unabated.  Today, there is $700trn in derivatives debt just waiting to kick off the next financial crisis.

The poor and middle classes of Europe and the US are being asked to make life limiting cuts to their standards of living, wages and public services; meanwhile, there is no such thing as austerity for the 1%. […]

READ @ http://scriptonitedaily.wordpress.com/2013/05/12/corporate-giants-arent-wealth-creators-theyre-parasites/

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NIGEL FARAGE: EUROPE HIJACKED BY THE EU PROJECT

Source: youtube

VIDEO @ http://www.youtube.com/watch?v=oB__xRA0hJs&feature=share

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* GRITO MUDO / SILENT SCREAM / SPAIN

Source: catanesse

VIDEO @ http://www.youtube.com/watch?v=n3ks9DT4tfA&feature=youtu.be

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* LOS ESPAÑOLES ASEDIAN EL CONGRESO

Source: RT

Este jueves por la tarde miles de españoles se reúnen en el centro de Madrid para “asediar” el Congreso de los Diputados en protesta contra las políticas sociales y económicas que han llevado a la sociedad española a la pobreza.

MAS INFORMACIÓN: http://actualidad.rt.com/video/actual…

VIDEO @ http://www.youtube.com/watch?v=i2WOvu0qij4

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* ASI TE HEMOS CONTADO LA PROTESTA DEL 12-M

Source: El Pais

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El movimiento 15-M está de aniversario. Dos años después de que miles de personas salieran a las plazas españolas para mostrar su “indignación” con el sistema político y económico, cientos de ciudadanos han vuelto esta tarde a la calle para reivindicar y actualizar las razones que gritaron aquel 15 de mayo de 2011. Con una estructura más atomizada y diseminada que entonces, pero con nuevas formas de protesta y visibilidad, los indignados han tomado de nuevo las principales ágoras. Ha habido manifestaciones en más de una veintena de ciudades. En Madrid, varias marchas han recorrido la capital hasta confluir en la Puerta del Sol, el símbolo público del movimiento. A las ocho estaba convocado un grito mudo colectivo, para el que se han congregado miles de personas, aunque la plaza emblema de la indignación no estaba tan llena como en otras ocasiones. Aquí te contamos en directo cómo trascurren las principales concentraciones a esta hora: […]

READ / VIDEOS / PHOTOS @ http://elpais.com/elpais/2013/05/12/videos/1368366060_778788.html?autoplay=1

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* MAHER, JOY REID CLASH WITH GLENN GREENWALD OVER BENGHAZI

Source: youtube

VIDEO @ http://www.youtube.com/watch?feature=player_embedded&v=rvxpFrHUzso#!

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* AFGHANS SAY AN AMERICAN TORTURED CIVILIANS

By Rod Nordland, NYTimes

US special forces in Afghanistan. Hamid Karzai's government has ordered the elite force to leave Maidan Wardak province over claims of killing or torture of disappeared civilians. Photograph: David Bathgate/ David Bathgate/Corbis

US special forces in Afghanistan. Hamid Karzai’s government has ordered the elite force to leave Maidan Wardak province over claims of killing or torture of disappeared civilians. Photograph: David Bathgate/ David Bathgate/Corbis

MAIDAN SHAHR, Afghanistan — The authorities in Afghanistan are seeking the arrest on murder and torture charges of a man they say is an American and part of a Special Forces unit operating in Wardak Province, three Afghan officials have confirmed.

The accusations against the man, Zakaria Kandahari, and the assertion that he and much of his unit are American are a new turn in a dispute over counterinsurgency tactics in Wardak that has strained relations between Kabul and Washington. American officials say their forces are being wrongly blamed for atrocities carried out by a rogue Afghan unit. But the Afghan officials say they have substantial evidence of American involvement.

They say they have testimony and documents implicating Mr. Kandahari and his unit in the killings or disappearances of 15 Afghans in Wardak. Mr. Kandahari is of Afghan descent but was born and raised in the United States, they say. Included in the evidence, the Afghan officials say, is a videotape of Mr. Kandahari torturing one of the 15 Afghans, a man they identified as Sayid Mohammad.

Mr. Mohammad was picked up by the unit in Wardak six months ago and has not been seen since, the officials said. The partial remains of Mohammad Qassim, another of the 15 Afghans, were found in a trash pit just outside the fence around the unit’s base in the Nerkh district, according to Mr. Qassim’s family and Afghan officials.

Afghan officials who have seen the videotape say a person speaking English with an American accent can be heard supervising the torture session, which Mr. Kandahari is seen conducting. […]

READ @ http://www.nytimes.com/2013/05/13/world/asia/afghans-say-an-american-tortured-civilians.html?pagewanted=2&_r=1&hp&pagewanted=all

THE GUARDIAN VERSION @ http://www.guardian.co.uk/world/2013/feb/24/afghanistan-us-special-forces-civilian-death

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  One Response to “Monday READ 13 May 2013”

  1. Excellent article on the scope of the global financial situation,

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