THE CURRENT ECONOMIC DEPRESSION IS BEING FELT NOT JUST IN THE UNITED STATES, BUT WORLDWIDE. IT IS PART OF A GLOBAL PONZI SCHEME DIRECTED BY THE CENTRAL BANKS OF THE LEADING INDUSTRIALIZED NATIONS, AND IT IS HITTING A NEIGHBORHOOD NEAR YOU LIKE A PROVERBIAL FREIGHT TRAIN. SINCE 2008 WHEN THE REAL ESTATE BUBBLE BURST, THE STOCK MARKET CRASHED, AND THE GREAT RECESSION BEGAN WHICH HAS SINCE BECOME THE GREAT OBAMA DEPRESSION, THERE HAVE BEEN SEVERAL TRANSFERS OF WEALTH – EACH OF UNPRECEDENTED SCALE.
THE FIRST WAS TARP, THE VAUNTED TROUBLED ASSETS RELIEF PROGRAM, WHICH SCAMMED $780 BILLION FROM AMERICAN TAXPAYERS. IT WAS BILLED AS AN ABSOLUTE NECESSITY TO AVERT A SCEOND GREAT DEPRESSION. IT DIDN’T. IT ONLY DROVE THE NATION’S DEBT ABOVE A TRILLION DOLLARS. IT WAS SIGNED INTO LAW BY THEN PRESIDENT GEORGE W. BUSH ON OCTOBER 3RD, 2008.
THEN CAME OBAMA’S STIMULUS PACKAGE, OTHERWISE KNOWN AS STIMULUS ONE. THAT WAS SUPPOSED TO HAVE REDUCED UNEMPLOYMENT BELOW EIGHT PERCENT AND HAVE PROVIDED HUNDREDS OF THOUSANDS OF “SHOVEL READY JOBS.” IT DID NEITHER. FIRST THE “SHOVEL READY JOBS” NEVER MATERIALIZED, IN FACT THEY NEVER EXISTED, AS OBAMA CONFESSED IN AN INTERVIEW HE GAVE SOME MONTHS AGO. AS FOR UNEMPLOYMENT, IT HAS ALMOST DOUBLED UNDER OBAMA. WHEN BUSH LEFT OFFICE IN JANUARY OF 2009, UNEMPLOYMENT STOOD AT 5.7 PERCENT. SINCE THE PASSING OF THE STIMULUS PACKAGE UNEMPLOYMENT HAS SKYROCKETTED TO OVER NINE PERCENT, WHERE IT OFFICIALLY STANDS AT 9.2 PERCENT. THE OFFICIAL FIGURE DOES NOT INCLUDE DISCOURAGED WORKERS WHO HAVE CEASED LOOKING FOR WORK, THOSE WHOSE UNEMPLOYMENT RAN OUT AND HAVE EXHAUSTED ALL OF THEIR EXTENSIONS – THE 99ERS, AS THEY HAVE BEEN CALLED – OR THE UNDEREMPLOYED; THOSE WHO ARE HOLDING TWO PARTIME JOBS TO EARN WHAT ONE THEY EARNED WHAT THEY EARNED HOLDING A FULLTIME JOB.
OF COURSE, MOST OF THIS MONEY WENT TOWARDS EARMARKS ATTACHED TO APPROPRIATIONS BILLS THE DEMOCRAT-CONTROLLED HOUSE AND SENATE PASSED DURING THIS PERIOD, MUCH OF IT BORROWED AND LAUNDERED TO THE VARIOUS MAIN BANKS TO PROP UP THE STOCK MARKET. THIS OF COURSE WAS INFLATIONARY. THERE WERE TWO RELEASES OF VAST AMOUNTS OF CAHS INFUSED INTO THE ECONOMY – ONE WAS QE1 AND THE OTHER WAS QE 2, QE BEING AN ACHRONYM FOR QUANTITATIVE EASING; THE FED’S EUPHEMISM FOR PRINTING MORE PAPER CURRENCY.
IF YOU HAVEN’T FELT IT WHEN YOU GO TO GET GAS AT THE PUMP, YOU’LL FEEL IT WHEN BUYING FOOD AND GROCERIES AT THE SUPERMARKET, OR WHEN PURCHASING NEW CLOTHES AT YOUR FAVORITE STORE. OR ANY OTHER TRANSACTION THAT REQUIRES THE EXCHANGE OF DOLLARS FOR GOODS AND OR SERVICES. THE PRICES OF ALMOST EVERYTHING ARE GOING UP. THE DOLLAR IS BEING PURPOSELY DEVALUED AND INTEREST RATES KEPT ARTIFICIALLY LOW IN ORDER TO FACILITATE MORE BORROWING BY THE CENTRAL BANKS AT ZERO INTEREST (TRY TO GET THAT FROM YOUR LOCAL BANK WHEN GOING FOR A LOAN) SO THAT THEY MAY INVEST IT IN KEY STOCKS ON WALL STREET TO FACILITATE A RISE IN THE STOCK MARKET BY PUMPING UNBELIEVEBLE AMOUNTS OF CASH INTO THE MARKETS TO PROP THEM UP.
THIS PROPPING UP OF THE MARKETS WILL GIVE THE ILLUSION OF RECOVERY WHEN IN FACT, IT IS ILLUSORY, BECAUSE THERE IS ZERO REAL JOB GROWTH, ZERO MANUFACTURING STARTS IN FACT THEY WERE ONE SIXTH OF ONE PERCENT FOR JULY, AND EXISTING JOBS ARE BEING OUTSOURCED OVERSEAS TO COUNTRIES LIKE INDIA, CHINA, AND BRAZIL. WHILE WESTERN ECONOMIES ARE IN DECLINE, THE ECONOMIES OF THESE THREE NATIONS ARE GROWING, BUT THEY’RE GROWING AT THE EXPENSE OF THE WEST. THEY’RE INTENTIONALLY BEING PROPPED UP WHILE THOSE OF THE WEST ARE BEING BANKRUPTED AND DRAINED OF THEIR JOBS AND THEIR MANUFACTURING BASE.
AS THIS IS OCCURING, CENTRAL BANKS LAUNDER THE MONEY THEY RECEIVE FROM THE FEDERAL RESERVE AND FUNNEL THAT MONEY INTO THE STOCK MARKET, BUT NOT JUST INTO ANY STOCK, BUT INTO SPECIFIC COMPANIES AND CORPORATIONS PREDETERMENED BY THE WORLD’S WEALTHIEST INSIDERS. THEY ARE RAIDING PEOPLE’S POCKETS, THEIR SAVINGS AND INVESTMENTS, 401K, AND IRA, AND IF THE DEMOCRATS AND RINOS IN CONGRESS HAVE THEIR WAY, THE PENSIONS WILL BE AT THEIR MERCY AS WELL.
AS WAS MENTIONED IN LAST WEEK’S EDITION OF ADWEEK, WHERE IT REPORTED THAT SEVERAL OPERATIONS AND COMPANIES OF WPP, WILL BE OUTSOURCING MANY OF THEIR JOBS TO INDIA TO KEEP THEIR OVERHEAD LOW, AND TO INCREASE WPP’S MARKET SHARE IN ASIA. (SEE THE FOLLOWING ARTICLE WPP SHOPS PLANNING TO OUTSOURCE SOME U.S. JOBS TO INDIA)
ACCORDING TO CONFIDENTIAL SOURCES WITHIN WPP’S HIGHER ECHELONS, WPP’S OUTSOURCING OF SEVERAL OF ITS OPERATIONS IS BEING DRIVEN BY SIR MARTIN SORRELL IN GREAT BRITAIN, WHO IS A MAJOR SUPPORTER OF BARACK OBAMA, AND WHO WAS INSTRUMENTAL IN 2010 IN THE PURCHASE OF THE ADVERTISING AGENCY THAT WORKED ON BARACK OBAMA’S PRESIDENTIAL CAMPAIGN. (SEE THE FOLLOWING ARTICLE: 9152: Martin Sorrell, Scumdog Millionaire.) HE WAS ONE OF ABOUT 200 PRESIDENTS AND INDUSTRY LEADERS WHO TRAVELLED TO INDIA WITH OBAMA IN NOVEMBER 2010.
IT IS INTERESTING TO NOTE THAT ON EVERY ONE OF OBAMA’S TRIPS ABROAD TO INDIA, TO CHINA, TO BRAZIL, AND OTHER PLACES, HE HAS TAKEN ALONG WITH HIM THE CEOS OF SOME OF THE LARGEST CORPORATIONS AND MULTINATIONAL CONGLOMERATES IN THE US AND EUROPE, AND ALL OF THEM KEY OBAMA SUPPORTERS TO HIS CAMPAIGN. EVEN MORE INTERESTING IS THAT EVERY ONE OF THESE COMPANIES AND THEIR SUBSIDIARIES OF WHICH THESE CEOS AND PRESIDENTS BELONG TO, HAVE ALL OUTSOURCED SEVERAL OF THEIR OPERATIONS TO THE COUNTRIES THEY VISITIED WITH OBAMA UPON RETURNING FROM THEIR TRIPS WITH OBAMA OVERSEAS. RATHER THAN IMPORTING JOBS, OBAMA HAS SECURED FOR AMERICA’S LEADING CORPORATIONS THE OUTSOURCING OF ITS KEY INDUSTRIES AND SERVICES TO INDIA, CHINA, INDONESIA, BRAZIL, AND OTHER REGIONS.
WHEN OBAMA SAYS THAT HIS TRIPS ARE FOR PROMOTING INDUSTRY AND BUSINESS AND JOBS, HE MEANS PROMOTING INVESTMENTS AND JOBS NOT TO AMERICA, BUT FROM AMERICA, AS THE TREND HAS SHOWN. BY THE WAY, OBAMA’S MUMBAI VISIT COST TAXPAYERS $200 MILLION A DAY. ABOUT 3,000 PEOPLE ACCOMPANIED PRESIDENT OBAMA TO INDIA ON THAT VISIT ALONE. EVERYTHING ABOUT THE TRIP HAD THE EARMARKS OF ROYAL POTENTATE MORE THAN THE VISIT OF A US PRESIDENT TO A FOREIGN COUNTRY. IN A NEW DEHLI TV ARTICLE FOR NOVEMBER 4TH, 2010, THE TITLED CAPTION SAYS: “OUTSOURCING, VISA ROW TO FIGURE IN TALKS WITH OBAMA: FOREIGN SECRETARY.”
ANOTHER EXAMPLE OF THE SAME THAT CAN BE CITED AS EVIDENCE THAT OBAMA IS MOVING AMERICAN JOBS OVERSEAS IS OBAMA’S APPOINTMENT OF JEFF IMMELT, THE PRESIDENT OF GE, TO HEAD THE WHITE HOUSE’S COMMISSION ON JOBS – AS HIS JOBS CZAR. JEFF IMMELT WAS ONE OF THOSE WHO ACCOMPANIED OBAMA ON HIS TRIPS TO ASIA, AND HAS SINCE ANNOUNCED THAT HE IS MOVING THE HEADQUARTERS OF GE’S 115-YEAR OLD X-RAY DIVISION FROM WAUKESHA, WISCONSIN TO MAINLINE CHINA. GE IS ALSO INVESTING $2BILLION IN THE CREATION OF SIX RESEARCH AND DEVELOPMENT CENTERS THROUGHOUT CHINA, WHERE IT PLANS TO TRAIN SIXTY-FIVE ENGINEERS, AND EMPLOY A GOOD MANY MORE. BY THE WAY, AS MUCH AS OBAMA COMPLAINS THAT PRESIDENT BUSH FAVORED CORPORATE AMERICA. UNDER OBAMA, GE EARNED $5.1 BILLION LAST YEAR, BUT PAID ZERO IN TAXES. WITH ITS CONTINUED OUTSOURCING, GE NOW EMPLOYS MORE PEOPLE OVERSEAS THAN IT DOES IN THE UNITED STATES.
AMERICA IS BEING SUCKED DRY TO ITS BONE, AND THE ONE WHO IS DOING IT, IS THE PRESIDENT OF THE UNITED STATES, AIDED AND ABETTED BY A CONGRESS ALL TOO WILLING TO LEND THEIR SUPPORT WITH KEY TRADE LEGISLATION PROMOTING SUCH INVESTMENTS OVERSEAS, WHILE PENALIZING THOSE IN THIS COUNTRY WITH HIGH TAXES, ONEROUS COSTLY FEDERAL REGULATIONS AND MANDATES, AND THE EVER PRESENT THREAT OF EVEN MORE REGULATIONS AND TAXES OF ALL KINDS THAT IS CONTRIBUTING TO THE DECLINE IN BUSINESS HERE.
IT IS ALSO INTERESTING TO NOTE THAT OBAMA’S UNION SUPPORTERS HAVE BEEN WORKING WITH HIM IN FACILITATING THE OUTSOURCING OF THESE INDUSTRIES OVERSEAS WITHOUT THE KNOWLEDGE OF THEIR RANK AND FILE MEMBERSHIP. THE WHITE HOUSE, THROUGH THE LEADERSHIP OF THE LARGE UNIONS, MIGHT CLAIM THAT OUTSOURCING JOBS OVERSEAS WILL PREVENT THE PIRATING PREVALENT IN ASIA, BUT TELL THAT TO THE ALMOST FIVE MILLION PROFESSIONALS AND LABORERS WHO’VE LOST THEIR JOBS THE LAST TWO AND A HALF YEARS.
IT CAN BE ARGUED THAT IF AMERICANS WISH TO PURCHASE FOR THEMSELVES GENUINE PRODUCTS MANUFACTURED AND MADE HERE, THEY WILL NOT BUY THE CHEAPER COUNTERFEITS BEING MADE OVERSEAS. FOR ONE REASON; QUALITY. GOODS MADE OVERSEAS ARE SUBJECT TO WHAT IS TERMED REVERSE GLOCALIZATION – WHERE THE PRODUCT IS MANUFACTURED USING INFERIOR LOWER COST MATERIALS AND METHODS.
INCREASINGLY HOWEVER, CORPORATIONS HAVE OPTED TO MOVE THEIR MANUFACTURING OUT OF AMERICA’S REGULATORY AND TAX MESS TO LESS COMPLICATED LOCATIONS WHERE THE BUSINESS CLIMATE IS FRIENDLIER AND AMENABLE TO THEIR BOTTOM LINE. THIS IS ONE OF THE REASONS AMERICA HAS LOST ITS MANUFACTURING BASE TO ASIA AND LATIN AMERICA, IT IS JUST SIMPLY CHEAPER TO MOVE ENTIRE INDUSTRIES OVERSEAS WHERE LABOR IS DIRT CHEAP THAN TO KEEP THEM HERE. THE DANGEROUS LEVELS OF LEAD FOUND IN CHILDREN’S TOYS MANUFACTURED IN CHINA IS ONE EXAMPLE OF THIS. (SEE “HOW BUSINESSES CAN REALLY WIN IN INDIA” PUBLISHED BY BLOOMBERG BUSINESSWEEK FOR NOVEMBER 16TH, 2010 BY VIJAY GOVINDARAJAN AND LEW MCCREARY.)
WHILE OBAMA’S TRIPS OVERSEAS HAVE BEEN PROMOTED AS STIMULATING DEMAND FOR AMERICAN GOODS AND SERVICES BY THE WHITE HOUSE AND ITS EXTENSION – THE AMERICAN GOVERNMENT/MEDIA COMPLEX OF ALPHABET SOUP CHANNELS; THE ONLY STIMULUS HAS BEEN EXPORTING THE DEVELOPMENT AND PRODUCTION BASE OF THOSE GOODS AND THOSE SERVICES OVERSEAS TO THE NATIONS OBAMA AND HIS CORPORATE FRIENDS HAVE VISITED ON THESE EXPENSIVE TRIPS.
WE ARE NOW SEEING COMPANIES LIKE TECHNOLOGY GIANTS SUCH AS MICROSOFT, DELL, APPLE, CISCO SYSTEMS, GOOGLE, AOL, AND A HOST OF OTHERS THAT WERE LONG THOUGHT TO BE UNTOUCHABLE BY THIS DEPRESSION, ALSO LAYING OFF SUBSTANTIAL NUMBERS OF THEIR LABOR FORCE. THIS IS UNPRECEDENTED. AND WHILE THEY’RE LAYING OFF PEOPLE BY THE THOUSANDS IN THIS COUNTRY, THEY’RE OPENING NEW OPERATIONS IN ASIA AND LATIN AMERICA, AND HIRING PEOPLE THERE. THIS IS WHY FOR THE LAST THREE YEARS, AMERICA HAS LOST OVER FOUR MILLION JOBS. JOBS THAT WILL NEVER RETURN TO THIS COUNTRY, PERHAPS EVER. AMERICA HAS GONE FROM BEING AN EXPORT AND PRODUCING COUNTRY TO IMPORT AND CONSUMER OF FOREIGN GOODS AND SERVICES. THIS CAN BE TURNED AROUND, BUT NOT WITH THE CURRENT LEADERSHIP IN WASHINGTON.
BUT IT WON’T BE, AS LONG AS IT LEADERS CONTINUE TO EXPAND GOVERNMENT, INCREASE REGULATIONS, CONTINUE INCREASING THE NATIONAL DEBT BY SPENDING MORE THAN IT TAKES IN, CREATE NEW TAXES SO AS TO SUCK THE WEALTH OF IT PEOPLE, AND PENALIZE INVESTMENTS HERE BY TAXING CAPITAL GAINS. ALL OF THIS ONLY MAKES IT MORE DIFFICULT FOR THE PRIVATE SECTOR TO DO BUSINESS IN THIS COUNTRY BECAUSE THE GOVERNMENT HAS CROWDED IT OUT OF THE MARKET BY BORROWING MORE AND MORE TO MEET ITS EVER GROWING APETITE TO SPEND MORE.
WE ARE NOW SEEING WHAT HAS NOT BEEN SEEN BEFORE, AND IS ONE OF THE MOST COMPELLING EVIDENCES THAT THE ECONOMY IS IN DEPRESSION. STATE AND LOCAL GOVERNMENTS ARE RUNNING OUT OF MONEY, AND IN SOME CASES, THEY HAVE RUN OUT OF MONEY AND HAVE HAD TO CUT BACK THEIR OPERATIONS. IN THE MOST EXTREME CASES BEING REPORTED, ENTIRE POLICE FORCES HAVE BEEN SHUT DOWN BECAUSE OF BUDGET SHORTFALLS. ESSENTIAL SERVICES IN SOME PLACES SIMPLY DO NOT EXIST. THIS CREATED DEPRESSION HAS EVEN AFFECTED STATES, DISTRICTS, MUNICAPALITIES, AND BANKRUPTED EVEN SOME LARGE CITIES THROUGHOUT THE COUNTRY. THIS HAS NOT HAPPENED BEFORE. THE MEDIA MAY IGNORE IT AND SPIKE THE STORIES, BUT THE STORIES ARE GETTING OUT REGARDLESS OF THE MEDIA-GOVERNMENT COMPLEX’S SELLECTIVE REPORTING ABOUT IT. IT’S BEEN HAPPENING IN TOO MANY PLACES FOR IT TO BE KEPT UNDER WRAPS.
IS IT ANY WONDER THEN, WHY MOST UNEMPLOYED PROFESSIONALS ARE UNABLE TO SECURE FOR THEMSELVES JOBS, WHEN THE RATIO OF JOB TO JOB STANDS AT AN ASTONISHING FIVE TO ONE, AND IN SOME KEY INDUSTRIES LIKE MANUFACTURING, IT IS AS HIGH AS TEN TO ONE? OF COURSE THE LONG TERM UNEMPLOYED ARE HAVING GREAT DIFFICULTY FINDING WORK. IT ISN’T THERE. IT’S EITHER BEEN OUTSOURCED TO ANOTHER COUNTRY, OR THE CORPORATION WITH THE OPEN POSITION HAS IMPORTED AND HIRED FOREIGNORS TO FILL THOSE POSITIONS THAT WOULD OTHERWISE BE AVAILABLE FOR THOSE SEEKING WORK HERE.
YES, NOT ONLY ARE JOBS BEING EXPORTED, BUT LABORERS AND PROFESSIONALS FOR MANY OF THOSE JOBS THAT REMAIN ARE BEING IMPORTED FROM OVERSEAS TO WORK HERE. SINCE THE LATE SEVENTIES, THE TREND HAS BEEN THIS WAY, WITH INCREASED MIGRATIONS FROM ASIA TO THE US TO TAKE UP POSITIONS HERE. THESE ARE PEOPLE FOR WHOM THIS GOVERNMENT HAS PROVIDED H1B VISAS SO THEY MAY LEGALLY WORK HERE. THAT’S CORRECT, YOUR GOVERNMENT IS HANDING OUT VISAS TO FOREIGNORS SO THEY MAY COME HERE AND COMPETE WITH YOU FOR THE THOSE SCARCE JOBS THAT HAVE REMAINED IN THE US, AND YOUR COMPANY NEAR YOU IS INCLINED TO HIRE THEM BEFORE THEY HIRE YOU BECAUSE OF SEVERAL INCENTIVES THIS GOVERNMENT PROVIDES FOR THE COMPANIES DOING THE HIRING, SUCH AS FAVORABLE TAX CREDITS. (SEE ALSO IN WIKIPEDIA UNDER Business process outsourcing in India) IN 2008 UNDER PRESIDENT GEORGE W. BUSH, THE TREND WAS JUST THE OPPOSITE, AS UNEMPLOYMENT THEN STOODE AT 5.7 PER CENT. (SEE THE ABC ARTICLE IRONICALLY DATED AUGUST 1ST, 2008, TITLED, Some Outsourced Jobs Are Coming Back)
COMPANIES ARE NOT HIRING, EXISTING JOBS ARE BEING OUTSOURCED, THE LABOR FORCE IS BEING IMPORTED FROM ASIA, AND PROFIT MARGINS ARE BEING ARTIFICIALLY KEPT HIGH THROUGH ATTRITION, AS THE EXISTING LABOR FORCE IS REDUCED AND CONTRACTING. ALL THE WHILE, EXISTING INVENTORIES ARE NOT GROWING, RATHER THEY ARE AT THE SAME LEVELS AS THEY WERE LAST YEAR, AND IN SOME CASES ARE EVEN CONTRACTING, AS THE DEMAND FOR GOODS AND SERVICES CONTRACT FROM AN ALREADY SKIDDISH AND INCREASINGLY UNEMPLOYED OR UNDEREMPLOYED PUBLIC UNABLE TO PAY FOR THEM. THE ONLY PLACE WHERE JOB GROWTH HAS BEEN EVIDENT THE PAST TWO AND A HALF YEARS HAS BEEN AND CONTINUES TO BE IN THE PUBLIC SECTOR, AS GOVERNMENT HAS INCREASED THE LAST THREE YEARS BEYOND HISTORIC LEVELS PREVIOUSLY RECORDED. IF YOU’RE LOOKING FOR PRIVATE SECTOR JOB GROWTH, GO OVERSEAS, BECAUSE YOU WON’T FIND IT HERE.
YET IN THE FACE OF THIS REALITY, THE FED IS PROVIDING THE LARGE CENTRAL BANKS AN INFUSION OF FURTHER CASH SO THEY MAY INJECT INTO KEY AND SPECIFIC STOCKS PRE-ORDERED AND ARRANGED INDUSTRIES THAT SUPPORT OBAMA’S ECONOMIC PLAN. THE STOCKS OF THOSE COMPANIES THEN SHOOT UP AND BRING THE ILLUSION OF GROWTH, WHEN IN FACT IT IS A FALSE RECOVERY. YOU WILL NOTE THAT THEY ARE NOT GIVING THIS INFUSION A NAME AS THEY HAVE IN THE PAST TO OTHERS; NO QE1 OR QE2. THEY’RE DOING THIS IN AN ACT OF DESPERATION, THEY’RE JUST INFLATING THE CURRENCY IN ORDER FOR THE BANKS TO HAVE ENOUGH TO PUMP INTO THE STOCK MARKET TO CREATE THE ILLUSION OF RECOVERY. REMEMBER, THE MORE “BUY” SIGNALS A STOCK RECEIVES, THE GREATER CHANCES OF ITS VALUE INCREASING, AND THE ILLUSION OF A “BULL MARKET” IS CREATED. THOSE KEY INDUSTRIES TIED TO THOSE STOCKS CAN THEN CLAIM “GROWTH” THOUGH THEIR BALANCES SHEETS, JOBS OUTLOOK, INVENTORY, AND ALL OTHER INDICATORS HAVE FLATLINED.
OF COURSE, THIS ILLUSION CAN ONLY WORK FOR SO LONG, AND WE ARE SO FAR GONE, THAT EVEN THE CENTRAL BANKS’ CONTINUED INFUSION OF CASH HAS NOT HELPED RECENTLY. THE EVIDENCE OF THIS IS THE STOCK MARKET’S MOST RECENT CRASH; FIRST 634, THEN ANOTHER 500 POINTS, WITH GOLD AND SILVER BREAKING NEW HIGHS. THE RISE IN THE STOCK MARKET LAST THURSDAY REFLECTS MORE PUMPING OF CASH INTO THE MARKET AS SPECIFIC ENTITIES BUY BACK INTO THE MARKET KEY SPECIFIC STOCKS AT RECORD LOWS, WHILE THE REST OF THE MARKET TANKS. YET EVEN THIS LATE INFUSION OF CASH DID NOT STEM THE MARKET ENDING WITH A NEGATIVE ONE HUNDRED SEVENTY-FIVE FOR THE WEEK.
BILLIONAIRE INSIDERS ARE NOW BECOMING TRILLIONAIRE INSIDERS, WHILE EVERYONE ELSE ARE LOSING EVERYTHING THEY HAVE, AND THEY’RE DOING IT BY RAIDING THE AMERICAN PEOPLE’S POCKETS AND 401K PLANS, VIA INFLATION. AS THEY GET RICHER, THE AMERICAN PUBLIC AND EUROPEANS ARE BECOMING POORER AND INCREASINGLY IMPOVERISHED. THE LEVEL OF CRIMINALITY BY THE LARGE “BANKSTERS” IS UNPRECEDENTED, AND BECAUSE MOST OF THE MOST POWERFUL HEADS OF STATE AND POLITICIANS IN THE WORLD ARE IN THEIR POCKETS, NOTHING IS BEING DONE ABOUT IT. THERE IS GREAT GREED AND WICKEDNESS IN HIGH PLACES, AND THE POLITICIANS ARE IN IT WITH THE BANKSTERS. THERE IS NO INVESTIGATION BY CONGRESSIONAL COMMITTEES, BY THE SECURITY AND EXCHANGE COMMISSION, THE JUSTICE DEPARTMENT IN THIS COUNTRY OR PARLIAMENT IN GREAT BRITAIN, OR IN THE GOVERNMENTS OF THE OTHER WESTERN INDUSTRIALIZED NATIONS.
THE US AND WORLD ECONOMIES ARE IN DEPRESSION, BUT THE ORGANS OF THE MASS MEDIA, WHO ARE ACTING AS THIS WHITE HOUSES’S PRESS SECRETARY, ARE NOT REPORTING IT AS SUCH. THEY’RE USING TERMS SUCH AS “SLOW GROWTH,” “SLIGHT UPTICK,” “SLUGGISH RECOVERY,” MUCH LIKE THEY DID LAST YEAR WITH THEIR VAUNTED “RECOVERY SUMMER,” THAT PROVED TO BE THE OPPOSITE. WE ARE IN A DEPRESSION, AND REGARDLESS OF HOW IT IS BEING SPUN, MORE AND MORE PEOPLE WHO ARE BEING CRUSHED BY IT, WHOSE LIFE SAVINGS IS DWINDLING AWAY, WHO ARE LOSING THEIR JOBS BECAUSE THEY’RE BEING OUTSOURCED TO OTHER COUNTRIES, ARE LOSING THEIR HOMES, THEIR CARS, AND EVERYTHING OF ANY VALUE THAT IN TIMES PAST WERE A PRETTY SAFE BET, KNOW BETTER. WHILE THIS PRESIDENT AND THE PEOPLE IN WASHINGTON ARE INSULATED FROM THE RAVAGES OF THIS DEPRESSION THE MEDIA AND THE WHITE HOUSE CALL A “RECOVERY,” THE AMERICAN PEOPLE HAVE BEEN CRUSHED AND CHOKED AND ROBBED BY IT. THEY’RE NOT BEING FOOLED.
HOW IS THIS BEING HANDLED BY OUR LEADERS IN WASHINGTON? BEGINNING WITH OBAMA, HE AND CONGRESS HAVE TAKEN ANOTHER VACATION AS THE ECONOMY MELTS DOWN AROUND THEM. HE GOES TO MARTHA’S VINEYARD, WHILE CONGRESS TRAVELS TO HAWAII, BOTH AT TAX PAYER’S EXPENSE. THIS, AFTER HAVING CRAFTED A PIECE OF LEGISLATION THAT OBAMA WASTED NO TIME SIGNING INTO LAW, GIVING HIM A TWO TRILLION FOUR HUNDRED MILLION DOALLR SLUSH FUND FOR HIS REELECTION. THIS IS OBCENE.
AS COUNTLESS NUMBERS OF PEOPLE ARE LOSING THEIR LIVELIHOOD, THEIR HOMES, THEIR RETIREMENTS, AND EVERYTHING THEY HAVE, OBAMA AND CONGRESS TAKE EXPENSIVE VACATIONS ON THEIR DIME, HOBNOB WITH THE WEALTHY AT $15,000 AND $36,000 A PLATE DINNERS, AS OBAMA LOOKS TO RAISE A STAGGERING ONE BILLION DOLLARS FOR HIS REELECTION. AND HE IS WELL ON HIS WAY IN ACHIEVING THIS. HIS CAMPAIGN COFFERS CURRENTLY HAVE HALF A BILLION DOLLARS ALREADY. AND THIS, WHILE OBAMA AND THE POLITICIANS ALLIED TO HIS AGENDA CONTINUE TO EXPORT AMERICA’S JOBS OVERSEAS AND SQUANDER ITS WEALTH, WHILE PENALIZING ITS INDUSTRIAL BASE. THIS IS BEYOND A DISGRACE, IT IS GROUNDS FOR IMPEACHMENT.
IN LIGHT OF WHAT THE COUNTRY AND ITS PEOPLE ARE GOING THROUGH, NOT ONLY IS THIS OBCENE AND CRIMINAL, IT IS A GRIEVOUS SIN. IT IS AN INJUSTICE, AND IF OBAMA WERE ANYTHING HE CLAIMS HE SAYS HE IS, HE WOULD TAKE FROM THIS HORRENDOUS AMOUNT OF MONEY, OR FROM THE TWO POINT FOUR TRILLION DOLLARS CONGRESS JUST AUTHORIZED FOR HIM TO SPEND AS HE PLEASES; AND GIVE A $1MILLION TO EVERY FAMILY IN THE NATION. THE MONEY WOULD INSTANTLY BE PUMPED BACK INTO THE FAILING ECONOMY BY EVERY FAMILY WHO RECEIVES IT, BECAUSE THEY WOULD INVEST THE MONEY IN REAL ESTATE, SMALL BUSINESSES, SERVICES, MANUFACTURING, OR IN THE STOCK MARKET. RATHER THAN GIVING IT TO POLITICAL ACTION COMMITTEES, STATE AND LOCAL DNC POLITICAL MACHINERIES, AND SPECIFIC BUSINESSES CONNECTED TO THEM; THEY SHOULD INSTEAD GIVE IT TO AMERICAN FAMILIES ACROSS THE NATION WHO ARE HURTING. WITHOUT A DOUBT THIS MONEY WOULD FIND ITS WAY INTO EVERY STRATA OF THIS SOCIETY. THE IMPACT OF SUCH A MOVE ON HIS PART WOULD NOT ONLY BE HISTORIC IN ITS OWN RIGHT – IT HAS NEVER BEEN DONE BEFORE – BUT IT WOULD HAVE RIPPLES RUNNING THROUGH THE WORLD ECONOMY, USHERING IN A NEW ERA OF PROSPERITY FOR THE UNITED STATES AND THE WORLD. NO ONE WOULD BE LEFT OUT FROM ITS AFFECTS, BECAUSE EVERY AMERICAN FAMILY WOULD BE A RECIPIENT OF OBAMA’S CHARITABLE GENEROSITY. ITS IMPACT WOULD BE FELT GLOBALLY, AND OBAMA WOULD GO DOWN IN HISTORY AS THE MOST MAGNANIMOUS LEADER IN US AND WORLD HISTORY INSTEAD OF ITS WORST.
BUT DON’T HOLD YOUR BREATH ON THIS. IN 2008 OBAMA RAISED AN INCREDIBLE $900 MILLION FOR HIS CAMPAIGN. WHAT DID HE DO WITH IT? NOBODY BUT HIS CAMPAIGN KNOW. THE POLITICIAN WHO PROMISED TO BE THE MOST TRANSPARENT OF ALL, HAS KEPT THE SOURCES OF HIS DONORS FROM PUBLIC SCRUITINY, AND WILL CONTINUE TO GUARD IT AS MUCH AS HE HAS HIS BIRTH CERTIFICATE. OBAMA IS ALL ABOUT OBAMA. AND HEREIN LIES HIS COMPLETE DETACHMENT FROM THE WORKING AND STRUGGLING PEOPLE AROUND HIM. HE DOESN’T CARE, EVEN IF HE SAYS HE DOES, OR HE IS SO ISOLATED BY THE TRAPPINGS OF THE PRESIDENCY THAT HE IS COMPLETELY OBLIVIOUS TO THE REALITY OF WHAT THE PEOPLE ARE FEELING. HE IS NOT A GOOD ACTOR, BECAUSE EVERY TIME HE COMES BEFORE THE PUBLIC TO ANNOUNCE HOW MUCH HE FEELS THEIR PAIN, THE PUBLIC REALIZES THAT HE REALLY DOESN’T. HE IS ISOLATED AND INSULATED FROM THE REALITY OF THE SUFFERING OF AMERICA, AND ALL HE CARES ABOUT IS HIS POLL NUMBERS AND HIS REELECTION. BECAUSE HE HAS NEVER HELD A REAL JOB OR OWNED A BUSINESS IN HIS LIFE, HE IS OBLIVIOUS TO THE PERSONAL FINANCIAL DEVASTATION FAMILIES ARE EXPERIENCING AROUND HIM, LARGELY THE CAUSE OF THE FAILURE OF HIS ECONMIC POLICES. SOME LIKE THIS WRITER, HAVE LIKENED HIM TO NERO, WHO PLAYED HIS HARP AS ROME BURNED AROUND HIM. AND NOW ON TO THE HOUSE AND SENATE – THE ROMAN CIRCUS IN THIS ONGOING MELODRAMA BETWEEN POLITICAL PARTIES.
THE CORRUPT AND CRIMINAL HOUSE AND SENATE LEADERSHIP HAVE NOW CREATED THE MEANS BY WHICH TO CIRCUMVENT THEIR RESPONSIBILITIES AND PASS THOSE RESPONSIBILITES ON TO THE SUPER COMMITTEES OF THEIR CREATION, WHOSE THREE REPUBLICAN AND THREE DEMOCRAT MEMBERS WILL ACT AS A TYPE OF POLITBURO DECIDING WHAT PROGRAMS WILL BE CUT, AND WHAT PROGRAMS WILL PERSIST. THIS WILL ADD ANOTHER COMMITTEE TO THE ALREADY 21 THAT EXISTS IN THE HOUSE AND THE 20 THAT EXISTS IN THE SENATE. THIS WILL BE THE FIFTH OF FOUR ALREADY EXISTING JOINT COMMITTEES CONTAINING MEMBERS OF BOTH HOUSES OVERSEEING MATTERS WHERE BOTH HOUSES HAVE JURISDICTION.
OBAMA, PELOSI, REID, BOEHNER, MCCONNELL, AND MANY OTHERS WITHIN WASHINGTON ARE IN THE POCKETS OF THE BANKSTERS AND ARE DOING THEIR BIDDING. IT IS DESTROYING THIS NATION, BUT DESPITE THEIR OATH OF OFFICE, THESE ARE NOT PRINCIPLED PEOPLE, THEY ARE DOING WHAT THEY’RE BEING TOLD TO DO REGARDLESS OF THE OUTCOME FOR THIS NATION. WHY? BECAUSE THE BANKSTERS, LIKE THE EXECUTIVES OF THE LARGEST CORPORATIONS AND CONGLOMERATES AND MULTINATIONALS, HAVE NO NATION. THEY ARE ONLY FOR THEMSELVES AND WHAT WILL FURTHER THEIR AIMS OF SECURING POWER AND WEALTH IN THEIR HANDS.
NO ONE IN WASHINGTON, WITH THE RARE EXCEPTION OF CONSERVATIVES AND TEA PARTY REPRESENTATIVES IN THE HOUSE AND IN THE SENATE, KNOW, OR ARE WILLING TO DO ANYTHING OF ANY SUBSTANCE THAT WILL STEM THE DECLINE OF OUR NATION’S ECONOMY, AND THE SOLD OUT LEADERSHIP OF BOTH POLITICAL PARTIES ARE WORKING HARD TO ASSURE THAT DESPITE THE DESTRUCTIVE EFFECTS OF OBAMA’S POLICIES, HE WILL HAVE A FIGHTING CHANCE OF RETAINING HIS WHITE HOUSE SEAT FOR ANOTHER FOUR YEARS. IT’S A GAME, AND THE TWO PARTY LEADERSHIP AND SOME OF THEIR RINOS ARE PLAYING IT TO THE MAX ALONG WITH THEIR COUNTERPARTS IN THE DEMOCRATIC PARTY.
THE ONLY REAL SOLUTION FOR US AT THIS TIME, IS TO SECURE THE ELECTION OF MORE TEA PARTY CONSERVATIVES TO THE HOUSE AND TO THE SENATE, AND TO COME OUT ON ELECTION NIGHT IN SO OVERWHELMING NUMBERS THAT NO AMOUNT OF VOTER FRAUD BY ACORN AND THE TWO HUNDRED OTHER ORGANIZATIONS OBAMA HAS WORKING FOR HIM WILL BE ABLE TO BLUNT THE WILL OF THE AMERICAN ELECTORATE ON THAT NIGHT. LET’S THROW HIM AND THOSE RASCALS ALLIED TO HIM OUT OF OFFICE ONCE AND FOR ALL, AND LET US ELECT MEN AND WOMEN OF PRINCIPLE, OF INTEGRITY, AND HONESTY, WHO LOVE THIS NATION AND WILL NOT IMPOVERISH IT OR BETRAY IT AS THESE HAVE DONE.
IN CLOSING, LET ME STATE FOR THE RECORD; IF OBAMA DECLARES HIS SUPPORT FOR A PALESTINIAN STATE IN SEPTEMBER, AS SOME BELIEVE HE WILL, OR CLAIMS – AS HE HAS FOR QUITE SOME TIME – THAT HE SUPPORTS AND ADVOCATES A TWO STATE SOLUTION WITH REGARDS TO THE ISRAELI/PALESTINIAN PROBLEM IN THE MIDDLE EAST, HE WILL MOST ASSUREDLY BE A ONE TERM PRESIDENT, AND WILL DO DOWN IN HISTORY AS THE WORSE PRESIDENT THIS NATION HAS EVER HAD OR WILL EVER HAVE FROM ITS FOUNDING.
DESPITE STRONG JEWISH SUPPORT AMONG LIBERAL JEWISH COMMUNITY LEADERS AND POLITICIANS IN THE US, OBAMA HAS PROVEN HIMSELF TO BE THE MOST ANTI-ISRAEL CHIEF EXECUTIVE TO DATE. HE APPEARS TO HAVE DISDAIN ISRAEL AND STRONGLY FAVORS MUSLIMS OVER ALL OTHERS. SOME CONSIDER THIS A SIGN THAT HE IS A SECRET MUSLIM, BUT REGARDLESS WHETHER OR NOT HE IS A MUSLIM, AS PRESIDENT OBAMA HAS DISPLAYED VERY STRONG MUSLIM LEANINGS, BOTH IN HIS PRIVATE RELIGIOUS LIFE AND IN HIS PUBLIC LIFE, AND THIS HAS AFFECTED HIS FOREIGN POLICY IN THE MIDDLE EAST, AND ESPECIALLY TOWARDS TERRORISM IN GENERAL AND TERRORISTS IN PARTICULAR, AND HOW THIS COUNTRY CONDUCTS ITS WARS AGAINST THEM.
HIS BEHAVIOR TOWARDS ISRAELI PRIME MINISTER BENJAMIN NETANYAHU HAS BEEN REPREHENSIBLE, AND HIS CONTINUED ATTEMPTS TO DESTABIZE THE MIDDLE EAST AND THE ISRAELI GOVERNMENT BEHIND THE SCENES HAS BEEN NOTHING LESS THAN A CRIMINAL IMPEACHABLE OFFENSE, BUT YOU WON’T HEAR ANYTHING ABOUT IT IN THE GOVERNMENT-MEDIA COMPLEX OF ALPHEBET SOUP CHANNELS REPORTING WHAT PASSES FOR NEWS THESE DAYS.
MAKE NO MISTAKE ABOUT IT, OBAMA WILL BE A ONE TERM PRESIDENT IF HE ANNOUNCES A STRONG SUPPORT FOR A TWO-STATE SOLUTION, AND THROWS HIS SUPPORT BEHIND THE PALESTINIAN PLAN OF UNILATERALLY DECLARING A PALESTINIAN STATE. IN FACT, LET ME STATE FOR THE RECORD, HE MAY NOT FINISH HIS FIRST TERM IF IT COMES TO THAT, AND WILL JOIN A LONG LINE OF ANTI-SEMITES HISTORY HAS BEEN LESS THAN KIND TO FOR THEIR ATTEMPTS TO UNDERMINE THE RIGHT OF THE JEWISH PEOPLE TO LIVE IN PEACE AND IN THEIR OWN HOMELAND WITHOUT ANYONE TRYING TO PARCEL OUT THEIR LAND TO OTHERS FROM UNDER THEM, OR FORCE THEM TO DO AS MUCH; WHICH NO NATION HAS EITHER THE AUTHORITY OR THE RIGHT TO DO. LET ME ALSO MAKE THIS PERFECTLY CLEAR; HE WHO TOUCHES ISRAEL, TOUCHES THE APPLE OF G-D’S EYE. (ZECHARIAH 2:8)
OBAMA RIGHT NOW IS STRADLING THE FENCE. HE HAS FOLLOWED IN THE FOOTSTEPS OF THREE PRESIDENTS WHO CAME BEFORE HIM, BUT HE HAS BEGUN TO SURPASS THEM IN HIS PUBLIC COMMENTS AND CLANDESTINE CAMPAIGNS AGAINST THE CURRENT ISRAELI GOVERNMENT. LIKE BUSH SR., CLINTON, AND BUSH JR. BEFORE HIM, OBAMA IS PLAYING WITH FIRE, IF HE THINKS THAT HE WILL GET AWAY WITH DIVIDING THE LAND OF ISRAEL UP BETWEEN JEWS AND PALESTINIANS. AND IF THE AMERICAN ELECTORATE KEEP VOTING FOR LEADERS SUCH AS THESE; JUDGMENT, GREAT JUDGMENT WILL VISIT THE UNITED STATES, AS IT HAS MANY TIMES BEFORE DURING THE PRESIDENCIES OF EVERY ONE OF THESE MEN.
FOR G-D PROMISED ABRAHAM AND HIS DESCENDANT ISAAC, AND JACOB (ISRAEL) THE LAND WHICH IS KNOWN AS THE MODERN STATE OF ISRAEL (GENESIS 17:8, 21, 26:2-3), INDEED EVEN BEYOND IT ACCORDING TO THE BIBLICAL PROMISE (GENESIS 15:18), AND HE MADE THIS PROMISE TO HIM, “I WILL BLESS THOSE WHO BLESS YOU, AND THOSE WHO CURSE YOU, I WILL CURSE; AND ALL THE PEOPLES OF THE EARTH WILL BE BLESSED THROUGH YOU.” (GENESIS 12:3) IT IS THROUGH ABRAHAM THAT G-D HAS BLESSED THE HUMAN RACE WITH DAVID’S GREATEST SON, YESHUA BEN JOSEPH; THE MESSIAH, EVEN IF AT THIS TIME ISRAEL DOES NOT RECOGNIZE HIM.
IF OBAMA CONTINUES DOWN THIS TRAJECTORY IN HIS FOREIGN POLICY TOWARDS THE MIDDLE EAST, PARTICULARLY WITH REGARDS TOWARD ISRAEL, HIS WILL BE A CURSED PRESIDENCY AND HE WILL GO DOWN IN DEFEAT AND NOT BE REELECTED IN 2012. LET HIS DAYS BE FEW AND LET ANOTHER TAKE HIS PLACE.
WPP SHOPS PLANNING TO OUTSOURCE SOME U.S. JOBS TO INDIA
In Drive for Efficiency, More Than 100 Staffers Expected to Be Cut
Published: August 09, 2011
http://adage.com/article/agency-news/wpp-ad-agencies-plan-outsource-u-s-jobs-india/229169/
In a bid to slash overhead, the North American operations of several WPP network agencies are planning to outsource numerous finance-related jobs to India, Ad Age has learned.
So far, the shops embarking on this outsourcing plan -- which WPP suggested isn't a mandate from the top but a decision on behalf of senior finance executives at the network agency level -- include Ogilvy & Mather, JWT, Grey, Y&R and Wunderman. All told, more than 100 positions will be eliminated in the coming months.
The agencies "have decided to seek greater efficiencies in their companies and presently plan to have 'non-client' facing services delivered from an offshore specialist center in India," a WPP spokesman said in an email. "In most cases, the positions impacted are in New York, but depending on the agency, finance department staff in other North American offices may also be impacted. The total number of jobs under consideration represent less than one percent of overall staff (including associates) and the job transfer will happen over the coming months."
As of May, WPP, the largest advertising holding company in the world by revenue, reported having 146,000 employees, including associates, who work in 2,400 offices in 107 countries.
The cuts will be deepest at Ogilvy, which plans to eliminate 85 jobs during the next 18 months. John Seifert, chairman of Ogilvy & Mather North America, notified staff of the moves as part of a recent town hall meeting last week.
"Following a thorough review of the company's finance operations, Ogilvy & Mather North America has decided to outsource a number of its transactional finance processes," Ogilvy & Mather Worldwide Chief Marketing Officer Eleanor Mascheroni explained. "This action will reduce overhead costs while maintaining the quality and level of support we provide to our clients and partners. We have entered into an agreement with a top-tier business process outsourcing-services provider specializing in this kind of service delivery at lower costs to handle the processes. Many of our clients have been working with this model for many years."
The India-based billings service provider will be Genpact, according to a number of executives. Though WPP referred to the outsourcing plan as a way the agencies themselves want to find efficiencies, some executives close to the situation told Ad Age there has been pressure from the holding company, which works with consultant KPMG, to cut costs.
Grey said it could potentially lay off as many as 30 people beginning in mid-2012. "We are in the earliest stage of looking at outsourcing some financial positions at Grey Group headquarters," a Grey spokesman said. "No layoffs would take place until the middle of next year."
JWT said the move likely will affect 16 people or fewer. Cuts at Y&R will also affect direct-marketing agency Wunderman; a small percentage of two dozen people in a shared billings department would be cut, spokespeople for the agencies said.
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