Government and consumer watchdog groups have raised concerns about the ties between the Clinton Foundation, Canadian billionaire businessman Frank Giustra and the nation of Colombia. A charitable foundation running a private equity fund is "not something one hears about commonly" and is "very concerning," according to one watchdog group who say the practice is unusual and could pose a significant conflict of interest.
Here's what's obvious, but unacceptable: we need a new system. Not a system modified with tiny tweaks and a feeding trough filled with borrowed money--an entirely new system designed from scratch to be sustainable and with opportunities to build capital for all.
If We Don't Change The Way Money Is Created and Distributed, Inequality Will Trigger Social DisorderSubmitted by Tyler Durden on 11/13/2015 13:00 -0500
Centrally issued money optimizes inequality, monopoly, cronyism, stagnation, low social mobility and systemic instability.
The real interesting part of the latest Quinnipiac University National Poll, is not the fact that 60% of Americans think Hillary Clinton is dishonest, but that 40% of Americans don’t.
"The "bailout culture" often coincides with sustained weak growth because, among other consequences, successful companies have to compete with companies who are alive only because of cheap credit. Overcapacity and inefficient production are engendered by such policies, causing price and profit declines. Failure is an essential element of capitalism, and if failure is politically denied, the most effective, efficient and innovative solutions cannot "win" over the "living dead" who clutter markets and consumer baskets."
If Bernie Sanders really believes that socialism is the solution, then he is misguided – even though his criticism of oligarchic cronyism is justified. Socialists believe that the society is just one “organic body” and as with all such entities resources are used indiscriminately by the organism so as to support its various functions, organs, faculties, etc., never mind who produces and who consumes the resources; those are for the whole system to use as is needed: “From each according to his/her ability, to each according to his/her need!” Trouble is some of the people will have to decide about all this. It is not automatic, contrary to what Marxists think. And here is where the politicians and their appointed bureaucrats enter the picture.
Over the years of watching the democratic process we’ve noticed something important. People tend to reject democracy, indeed, fight it tooth and nail, when it doesn’t go their way. But when it does, well, it is the tops. Most democracy-praisers are never really democrats at all but merely opportunists who make use of the power of the majority over the minority’s rights. But should the majority not wish to go along with this plan, well down with democracy - it is the enemy of higher principles in which democrats believe only sporadically, however.
The Unstoppable Trump Juggernaut: How The GOP Establishment Hopes To Crush The Donald's Presidential RunSubmitted by Tyler Durden on 09/15/2015 14:11 -0500
If anyone wants to beat Trump in his own game, they will have to show and prove to the voters of America, that the existing system not only still works, but is worth saving in its current broken form. This is the biggest challenge to everyone - on the right, on the left and in the middle - even if nobody wants to admit it.
Another day, another story highlighting just how completely corrupt and sleazy the U.S. economy has become... The U.S. government is subsidizing the wealthiest developers to build projects for the wealthiest Americans. Someone must have taken a class taught by the Federal Reserve. Just another day in the imperial Banana Republic.
Land of the Fleeced ... Home of the Slave
It is interesting that the free market has actually found a way to undermine a cartel that up until recently appeared to be completely safe. In some cities, Uber is being fought tooth and nail to protect the sinecures of the established taxi industry. It is a microcosm of the cronyism that is the rule almost everywhere these days. Just think about how greatly our lives would improve if all the regulations that have been designed for no other reason than to protect established businesses against competition from upstarts were rescinded.
Bill Clinton Tried To Give Paid Speeches To North Korea & Congo While Hillary Was Secretary Of StateSubmitted by Tyler Durden on 08/30/2015 11:30 -0500
“I did not have financial relations with that dictator.”
The following story is guaranteed to make you sick. Once again, we’re shown that following trillions in taxpayer funded bailouts and backstops, TBTF Wall Street banks immediately went ahead and focused all their attention obtaining loopholes in order to transfer risk and make billions upon billions of dollars in the financial matrix, as opposed to adding any benefit whatsoever to society.
At this point, it almost feels like kicking someone while he’s down. Jeb Bush can’t even stand up to Donald Trump, let alone his own growing series of scandals.
Saddled with a corporate media that marches in lockstep with the government, elected officials who dance to the tune of their corporate benefactors, and a court system that serves to maintain order rather than mete out justice, Americans often feel as if they have no voice, no authority and no recourse when it comes to holding government officials accountable and combatting rampant corruption and injustice. In the face of such abject injustice, outright corruption and overt inequality, it’s hard to feel empowered to believe the average citizen can make a difference.