The European Crisis’ Screwed Generation, Whose Fault Is It?

The financial and economic crisis in Europewas all very predictable. As a political

The Eurozone

activist in the 1990s, I campaigned against the whole Europe 1992 thing. Seeing that British finance and the European nobility were behind “uniting” Europe, I knew that no good could come out of it, that it was a way for nations to give up their sovereignty, wipe away the nation state, and let the decisions for their populations be made by a small group of people.

I saw it as a return to a Feudal political system because, well, for one reason, the European oligarchs were pushing it, as well as the City of London finance. It’s interesting that the british never joined the Euro system but they handle all the finances for the Euro. Just ask yourself: what economy was really prosperous, for the majority of the population, that is, during the Feudal period? The answer is Continue reading

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Falcone and Borsellino Assassinations 20 Years Memorial

I just attended an memorial event on the 20th anniversary (May 23rd) of the assasinations of Givanni Falcone and Paolo Borsellino. It was quite interesting to me because when I was involved in politics at the time of the assasination, my political associates and I were following the “Clean Hands” investigations going on in Italy. I was saddened to hear of the death of Falcone, and later his friend Borsellino.

I thought they were all but forgotten until I heard about this event, which I had eagerly attended. It started off with a video hookup to some leaders of a group in Sicily called Addio Pizzo (pizzo [not pizza] is the name for the extortion that the mafia demands from businesses). They gave an update on their fight against the mafia in the form of stopping this pizzo.

They have businesses that don’t do the pizzo and Continue reading

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HSBC’s Long History of Drug Money Laundering

In my previous post, Obama Campaign Getting Mexican Drug Money?, I talked about the

HSBC Headquarters in Shanghai

money laundering of the HSBC bank and Obama. I wanted to add a little more about this bank and how it started because it’s relevant to drug money laundering today. The business practices, apparently, haven’t changed that much in almost two hundred years.

Founded in 1865 as the Hong Kong and Shanghai Banking Corporation (aka Hong Shang) to run Britain’s opium trade. At the height of the British Empire in the late 1800s, about 60% of the income of the Empire was from opium trafficking.

Britain administered Shanghai after the Opium Wars in 1842. It was during this time that the word “Shanghaied” came into being when men would disappear off the streets of Shanghai, after being drugged, and get impressed into naval service. At one point after the opium wars, about 10% of the population of Shanghai was addicted to opium, a guaranteed income source for the British royal family.

Main HSBC building in Hong Kong

You need a bank to handle the finances of such a lucrative “business” and the Hong Shang was set up to do just that. It seems that HSBC hasn’t changed much in, well, coming up on two centuries now. It still, apparently, handles the money from drugging populations and destroying lives in this new “opium war” to our south.

Although the British dominated the opium trade at that time, they were not the only ones involved. There were many wealthy New England families, known as the Boston Brahmins, such as Forbes, Perkins and Hutchinson, among others, getting their piece of the opium trafficking pie. Those same families set up a bank to handle their money as well, the Bank of Boston, which has been caught laundering drug money also.

It seems that the tiger never changes his stripes.  Did you know about the history of HSBC bank?

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Obama Campaign Getting Mexican Drug Money?

What would President Obama campaign 2012 have in common with HSBC, a bank that’s laundering billions for the Mexican Drug cartel?  One would hardly believe that such an alliance would exist. But evidence coming out from various sources certainly raises a lot of questions.

In this article on the larouchepac website it talks about the new scandal coming out around the money laundering of HSBC, the formerly official bank of the British East India company’s opium trade, and lists the major elements and players of the investigation. This information is based on an HSBC insider who witnessed the massive money laundering for the Mexican drug cartels, and even has physical evidence of it. He, of course, was fired in 2010 when he reported it to his superiors.

Here is a little irony: Continue reading

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No More Unemployment Benefits for Out of Work

If you happen to be one of the long term out of work, then you may become just another

No more money for you!

statistic, unfortunately. And, if you see the official figures that the economy is improving, especially in your state, but you still can’t find a job, well, it sucks to be you, according to the government because your long term unemployment benefits, or extended benefits, that additional 13 to 20 weeks of unemployment, are about to run out.

I frankly, don’t buy into the idea of a recovery. I believe that most of it is fudged figures so they don’t have to pay out unemployment benefits which costs money at a time when all governments are trying to balance their budgets. There may be a few jobs trickling in, but compared to the massive layoffs over the past several years, it’s a drop in the bucket and can’t even compare to Continue reading

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What the Heck Is A Jobless Recovery?

Isn’t the term “jobless recovery” an oxymoron? I mean, how absurd is that? It’s like Fig

Abandoned factory

Abandoned factory- part of the recovery, I guess

Newtons without the figs (the company just changed the name to “Newtons,” there’s apparently little to no figs in them anymore). And so, there are little to no jobs in the “recovery.” But, what is a recovery anyway? Isn’t it the measure of how many people go back to work? As far as I can remember, that was always the measurement: in a recession, people get laid off, in a recovery, people go back to work. It’s that simple.  We need an official Jobless recovery definition.

In the Orwellian world of good is bad, and bad is good, recoveries are without jobs. They [politicians and government statistics bureaus] want to make you thing there’s a recovery but they have to cover themselves with this new double speak, jobless recovery. Could there be a recession without job losses? Have you ever heard of that? Did you ever hear Continue reading

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Obama’s Plan Leaving Millions of Unemployed Dejected

It just does’t seem to end, the employment situation in this country, that is. It’s not surprising, however, since there is no plan to create an economic recovery in the future, at all. None of the candidates have a plan for a recovery. Yet the Obama Administration is trying to claim that there’s a recovery by using the unemployment statistics. Clearly, the statistics are totally false.

This article from NPR points out that many people are simply dropping out of the labor force, that is, they just stopped looking for work because they are “dejected.” As the article points out, “Last month, the civilian labor force shrank by 342,000 people. The unemployment figures in March and April were down, not because there were fewer jobs, but because Continue reading

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American Companies Are Creating More Jobs…Overseas

With all the rhetoric about creating jobs and “getting the economy moving again” from

Shanghai bustling with American jobs

the candidates on both sides, here is an article, from (originally from the Wall Street Journal), showing that American companies are actually creating more jobs overseas. So, the candidates are not saying weather they are talking about creating jobs in the U.S., or creating more jobs overseas. It’s a fine line but, apparently, from the facts in this article, they are talking about jobs overseas.

I don’t know about you, but I haven’t heard any of them saying that they’ll stop the jobs from going overseas, or that they’ll bring them back. Well, let me correct that a little. Obama did say he wants to Continue reading

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Amazon Makes Billions by Pushing Its Workers

In the information economy where the old but solid industrial jobs are long gone and billionaires are created overnight with a new inovative idea or technological invention,

Jeff Bezos founder of

one theme stands out: the push for higher and higher efficiency, and hence profits. Now, efficiency is desirable, even imperative in any business, but then there’s a line that’s crossed where squeezing the workers is…

Such is the reality of the “New Economy” where the new billionaires are heralded as the models in society to emulate. Yet, not much is said about the dark side of these entrepreneurial inovators. The way they push their workers to make their millions and billions. There was the recent flap about Steve Jobs and Apple and how their companies in China have Continue reading

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The New Go-NoWhere Generation of Unemployed Young Adults

As if you hadn’t heard enough bad news about the economy, here is a story by Will Bunch of the Philadelphia Daily News, in the Post Gazette, about two young men, not far from me, actually, who are struggling in the supposed recovery. It’s a story about two young men but it speaks for millions of young adults in this country. A tale of the bleak future for the next generations.

It introduces terms such a “Mal-employed,” those educated but working in low paid temp jobs. And the “Go-Nowhere Generation,” which has little mobility and they live at home longer and get married later due to the economic times. We as a society have to ask: are these the best leaders we can elect, leaders that do this to the future generations? Here are Continue reading

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