@richardbranson @virginmobileusa – You really ought to fire the CEO of Virgin Mobile USA

Received this email just now.

Folks, contrary to what you may think, I do NOT have to call you, period.

The sooner you realize that, the happier you will be.

Now I admire and respect Richard Branson, and my gut tells me that he does not realize that this is happening, because if he did, he would deactivate my account immediately like I requested in the many emails I have sent you.

As for the CEO of Virgin Mobile USA.

You get customers by providing a service.

A damned good service, which you did until I decided to switch carriers since sprint doesn’t really cover the boonies where I am at.

But, all you are doing lately is pissing me off.

At this point I might one day do business with Virgin Mobile because I like what Richard Branson is doing in  our world.

But if you keep this crap up, that ain’t going to happen either.

Hello,

Thanks for contacting Virgin Mobile Customer Care.

Sorry to know you are thinking of deactivating your account.

Unfortunately, we cannot process this request via e-mail. In order to process your account deactivation, please give us a call at the number below and any of our advisors will be able to help you out.

If you need additional assistance, feel free to let us know how we can assist further or contact us at 1-888-322-1122 (or *86 from a Virgin Mobile handset). You can reach us Monday through Friday from 6:00 AM ?

10:00 PM CST, Saturday and Sunday from 6:00 AM – 9:00 PM CST. As a kind reminder, always make sure to include your Virgin Mobile phone number and PIN on all replies.

Thanks,

Karol A.

Virgin Mobile At Your Service

www.virginmobileusa.com

Original Message Follows:

————————

From: Virgil Bierschwale &lt;vbiersch@gmail.com&gt;<br>

To: ourteam@virginmobileusa.com<br>

Subject: Important Service Information About Your Virgin Mobile

Account<br>

Date: September 14, 2014 5:31:19 PM CDT<br>

Folks, I’ve written numerous times to cancel this, and you’ve responded

that I have to call to cancel.

I DON”T HAVE to do any such thing, and I’m not going to call a number

and be put on hold, etc..

For the last time, cancel this.

(830) 377-5729

I guarantee your founder Richard Branson would be TICKED off if he knew

you were playing these games simply because he believes in doing the

right thing.

From: Virgin Mobile [mailto:virginmobile@mail-virginmobileusa.com]

Sent: Sunday, September 14, 2014 1:03 PM

To: vbiersch@gmail.com

Subject: Important Service Information About Your Virgin Mobile Account

Make a payment today!

Click here if you are unable to see the images in this email.

Hi,

Your monthly plan has expired and your service is unavailable. If you

choose to pay for another month of service, it’s easy to manage your

account online at My Account.

If you are having issues with your service, please call Customer Care at

1-888-322-1122, and a Live Advisor will be available to help resolve

your service issues.

For more information, log in to My Account.

Thanks

Virgin Mobile

This message is in reference to your phone number ending in 5729.

Your privacy is important to us. Please see our Privacy Policy for more

information.

Please do not reply to this message. If you have questions or comments,

send an email to ourteam@virginmobileusa.com.

Or contact us at: Virgin Mobile USA, L.P., 10 Independence Blvd.,

Warren, NJ 07059

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09/14/14

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Version: 2014.0.4765 / Virus Database: 4015/8219 – Release Date: 09/15/14

 

 

Our children will need farms and factories. We’re handing them smoke and mirrors — and a wink that these are the correct tools.

I thought you’d enjoy this not-horrible article from the Chinese Communist Press — keeping in mind, of course, that it comes from the same people who financed our refinancing bubble in anticipation of October 2008.  They’re brilliant and determined biological competitors who want us out of the way and then dead.

(Someday, you’ll thank me.)

There’s another issue here, in that the dollar-centric U.S. economy is essentially a bubble — fictitious, an illusion by which we defy gravity just long enough to get in, cash out, and leave the kids with our comeuppance.

Thirty-nine years of goods deficits — $12 trillion dollars, so far — means that our country is unsupported.  Our children will need farms and factories.  We’re handing them smoke and mirrors — and a wink that these are the correct tools.

“A nation’s standard of living [still] must be supported by a standard of productivity.”

You’re welcome.

“Why we are forever blowing bubbles”

[China Daily link -- September 15, 2014]

  • Even after many conversations with Nobel laureates, I have no clear answer.
  • New financial products that promised to help everyone realize the dream of home ownership proved to be too good to be true.  Because such innovations take a longer time to be shown for what they really are, bubbles may last longer and cause even greater damage.
  • A key feature is a lack of fundamental support. . . .
  • Another astonishing fact is that the government’s hands have been behind almost all bubbles.  The government allowed excessive liquidity, providing a foundation for bubble development.
  • Granted, capital markets have become far more powerful.  However, the financial industry can only be as powerful as the degree to which their clients choose to ignore risks and accept the fantastic pitches of those who sell financial products.

I can safely paste the rest of the article below — if you promise not to believe every word of it.

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E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1150] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

 

 

The slowing of Chinese economic growth and cooling of the real estate industry have heated up the debate about whether housing and the economy as a whole have formed bubbles.

This is a tough question. Even after many conversations with Nobel laureates, I have no clear answer.

What exactly are economic bubbles anyway? Charles Kindleberg, a renowned Harvard economist who has studied them, says they are “unsound economic undertakings, often accompanied by highly speculative investment and price increases”.

The price increases themselves cause investors to think prices will keep rising without end. A key feature is a lack of fundamental support and a self-fulfilling prophecy. Traditional valuation methods are discarded during stock bubbles such as the Internet bubble of the late 1990s. Similarly, fundamental property investment criteria were ignored during housing bubbles in Japan, Hong Kong and the United States.

Ignoring basic criteria leads people to believe that “this time is different”. The market sometimes comes up with “ingenious innovations” such as “price to sales ratio” to support ridiculously high asset prices. Ideas that later seem preposterous may appear reasonable.

The South Sea bubble was embraced in Britain in the early 1700s. The South Sea Company was a British firm that won a monopoly in trade with Spain’s American colonies. An influential legislator declared that the rise in South Sea Company stock prices would benefit shareholders, the government and the common people connected to the company. So even if share prices were unreasonable, they were accepted as sustainable and beneficial. When the bubble burst, many British families lost their life savings.

Too much attention to short term prices, and obliviousness to the fundamentals, are key characteristics. During the 17th century tulip bubble in the Netherlands, a single prized bulb sold for as much as 20 townhouses in central Amsterdam. During Japan’s real estate bubble in the late 1980s, the land under Japan’s Royal Palace in central Tokyo (about 2 square kilometers) was estimated by some as more valuable than the total land value of California. What is intriguing is that investors were not turned off, but, if anything, attracted. This is a perverse aspect of bubbles: They are self-fulfilling prophecies. It is the belief that prices will keep rising that produces the bubble.

While bubbles are not always easy to define, economists have reached some consensus on their cause.

First, there is technological and financial innovation.

They are associated with a new product, a new technology, a new market, or a new region. Because of the emergence of new things, people feel they cannot rely on existing benchmarks to evaluate novel opportunities, providing ample room for speculators to spin their stories.

Because of the “mysteries” surrounding new things, investors are motivated to make speculative bets. Early successes stimulate the market to become foolhardy. Investors are driven by wishful thinking that the new things will change their lives forever. Innovations in business models and financial products can sometimes be even more convincing. New financial products that promised to help everyone realize the dream of home ownership proved to be too good to be true. Because such innovations take a longer time to be shown for what they really are, bubbles may last even longer and cause even greater damage.

Second, there is excessive liquidity.

Economic historians point out that there is always unprecedented excessive liquidity behind every major economic bubble. The Netherlands, the United Kingdom, the US and Japan, each the world’s strongest economies in their time, have all experienced bubbles and busts. That is partly because with fast expansion, policymakers engage in accommodative, if not lax, monetary policy. Also, with fast growth, international capital is pulled in, exacerbating the excessive liquidity.

So, too much money chases limited investment opportunities, which drives down the investment return of safe assets (such as the US Treasury rate during the 2007-09 US housing bubble), motivating investors to chase risky investments that promise higher returns. Many investors gradually lose their sense of risk aversion and greed takes over.

Short-term price increases further solidify investors’ beliefs. They also give policymakers a false sense of confidence for further policy easing, which is easier than popping the bubble. That further strengthens the market’s belief that government would not let the market crash, inducing even greater speculation.

Nobel laureate economist Vernon Smith showed that the more liquidity available given the same number of securities, the bigger the bubble and the longer it would last. Such experimental findings are strongly supported by historical anecdotes.

The third ingredient is inexperienced investors.

Smith also shows that the more experience investors have, the less likely a bubble. If subjects in an experiment have never participated in the simulated market, a bubble is likely. However, if they have, then the scale and length of the bubble would be greatly reduced. In cases where all participants have participated in the experiment three times, there was no bubble at all.

Experience helps investors better perceive risks. Some US researchers found that those who lived through the Great Depression were less likely to participate in market mania such as the Internet or housing bubbles.

Why does that matter? If some investors foresee that the bubble might burst soon, they are likely to sell early. That may prompt others to worry about the sustainability of the bubble, inducing greater and earlier selling. So bubbles would burst earlier. Unfortunately, humans have short memories. Only a few years after the 2007-08 global financial crisis, people have already started to forget and are talking about a new round of stimulus and easing.

The fourth element is government support. Another astonishing fact is that the government’s hands have been behind almost all bubbles. The government allowed excessive liquidity, providing a foundation for bubble development. Governments explicitly or implicitly supported or even encouraged bubbling asset prices. Government encouraged the taking of irresponsibly large risks by providing implicit guarantees.

In the middle of the tulip bubble, the Dutch government announced that for a small fee, tulip contracts could be invalidated. With such insurance-like policies, it provided peace of mind to speculative investors. The essence of such policies is very similar to the credit default swap contracts that directly contributed to the US housing bubble and subsequent market crash.

Finally, there is the role of finance.

Finance undoubtedly is a scapegoat after almost every financial crisis. Society blames the financial sector for creating excessive risks then abandoning basic moral standards in coercing the rest of society to bail it out after the bubble bursts.

Granted, capital markets have become far more powerful. However, the financial industry can be only as powerful as the degree to which their clients choose to ignore risks and accept the fantastic pitches of those who sell financial products.

We’re such great businesspeople,1975 was the last year U.S. global trade was in the black.

We’re such great businesspeople,1975 was the last year U.S. global trade was in the black.

Let your imagination soar.

“Historical Series”

www.census.gov/foreign-trade/statistics/historical

Deficit, U.S. Trade in Goods, Census Basis

  • $11,968,064,000,000  (January 1976 – July 2014)

Deficit, U.S. Trade in Goods, BOP Basis

  • $12,363,751,000,000  (January 1976 – July 2014)

Deficit, U.S. Trade in Goods and Services, BOP Basis

  • $9,575,405,000,000  (January 1976 – December 2013)

Deficit, U.S. Trade in Goods and Services, BOP Basis (2014 Seasonally Adjusted)

  • $295.3 billion  (January 2014 – July 2014)

“Costs of Major U.S. Wars”

www.fas.org/sgp/crs/natsec/RS22926.pdf

  • World War II: $296.0 billion

“CPI Inflation Calculator”

www.bls.gov/data/inflation_calculator.htm

  • $1.00 in 1941 has the same buying power as $16.21 in 2014
  • $1.00 in 1945 has the same buying power as $13.24 in 2014

“Senior Party official urges socialist values in artworks”

[Xinhua link -- September 14, 2014]

  • A senior Communist Party of China (CPC) official Saturday called on artists to uphold socialist values and promote the Chinese Dream.  Liu Qibao, head of the Publicity Department of the CPC Central Committee, made the remarks at a ceremony awarding outstanding publications, films, dramas and TV plays.  Chinese artists should always serve the people and their artworks should focus on ordinary people, said Liu, also a member of the Political Bureau of the CPC Central Committee.  They should uphold socialist values, promote the Chinese dream, carry on Chinese cultural traditions and send constructive and positive messages to their audience, he said.  He urged artists to uphold the good and criticize the bad, sharpen their creativity and resist vulgarity.

Let your imagination soar.
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E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1149] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

Treason being a capital offense, I would hang them, every one of them — after a fair trial, of course, and before a jury of their peers.

“Alas! regardless of their doom, The little victims play;” —

Last week’s official trade report reluctantly admitted that our goods deficit for July was $71,250,000,000 — or roughly $2.3 billion per day.

Adjusted for inflation, this isn’t much less than World War II — our most expensive war, ever — cost our then-beloved USA.

Our citizenry’s July deficit was in wealth-producing goods — not in wealth-transferring, wealth-prevaricating services.  This means we lost jobs, real income, factories, productivity, future growth, tax revenues, national independence, international influence, personal freedom, public health, and — while this apparently is considered too impolite to even notice — human lives.

How could $2.3 billion dollars per day — the cost of a full-scale “real” war — translate otherwise?

Some American experts say that our trade deficit, now upwards of $10 trillion since we last recorded a surplus, is a good thing — that this, for example, is how foreigners get the money to invest in American industries and infrastructure.

Treason being a capital offense, I would hang them, every one of them — after a fair trial, of course, and before a jury of their peers.

Most Americans cannot truly say that America would be a better place if every other American were just like them.

Because, then, every other American would be part of the problem, too, and soon there would be no one left to blame.

— “No sense have they of ills to come, Nor care beyond to-day:” — Tom Gray

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E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1148] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

Today’s PRC/CCP/PLA news presentation was brought to you by American workers and American consumers.

Perusing today’s news with Chinese characteristics:

“China pledges to assist in fight on terror”

[China Daily link -- September 12, 2014]

  • “Since Obama took office, the priority of the US global anti-terror campaign has diminished on the White House agenda, and the pressure on the extremist organizations has been partly relieved, which gave rise to the violent Islamic States.” — Li Shaoxian of the China Institute of Contemporary International Relations
  • “Homeland security in the United States has been overhauled close to perfection, but some other countries, which have been home to terrorists, have suffered greater chaos and dysfunction of governance.” — Hu Shisheng of the China Institute of Contemporary International Relations
  • China called upon the global anti-terror fight to respect international law, national sovereignty and territorial integrity.

“China to fast-track prosecution of terrorists, extremists”

[Xinhua link -- September 12, 2014]

  • Chinese prosecutors, especially those in Xinjiang, are asked to fast-track cases involving terrorists, religious extremists and manufacturers of firearms and explosives, the Supreme People’s Procuratorate (SPP) said Thursday.
  • Counterterrorism is to be a priority of prosecutors as part of tough measures against the “three evil forces” — terrorism, separatism and extremism.  Human trafficking cases will also be fast-tracked. . . .
  • Besides fighting terrorism, prosecutors are instructed to protect legitimate rights and interests of people from all ethnic groups and help implement the country’s religious policies.

“How will China run its economy?”

[People's Daily link -- September 12, 2014]

  • Li [Keqiang] noted that China has a wealth of capital so it is impossible to stimulate the economy by issuing more currency.  It is true that loose monetary policy can bring short-term economic growth, but it will be followed by a series of new problems such as damped consumption and oversupply of inventory.
  • Reform is an effective means to drive the economy.  Li pointed out that central government and local governments should clearly know what they can do and what they can’t so as to prevent the abuse of public power.
  • Reform should be adopted to draw a clear line between economy and public power.  Chinese economic growth depends on the depth of reform.

“Norway rejects virus concerns as excuse for China’s reason for salmon import ban”

[SCMP link -- September 12, 2014]

  • The Norwegian Seafood Council yesterday disputed China’s ban on imported whole salmon from the Scandinavian country, saying the fish were safe to eat.
  • Ties between Norway and China have been strained since dissident Liu Xiaobo was awarded the Nobel Peace Prize in October 2010.  Norway’s fresh salmon exports were affected in the following months as China stepped up quality checks after media reports that traces of drugs had been found in the fish.
  • In May, Tibet’s exiled spiritual leader, the Dalai Lama, visited the Norwegian Parliament but the government shunned him in a bid to repair ties with China.

Today’s PRC/CCP/PLA news presentation was brought to you by American workers and American consumers.

Actually, they’re the same people, workers and consumers, but Americans can sometimes forget.

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1147] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

Buy something American made. Try it and see if you don’t feel better when you’re part of the solution.

Buy something American made.  Try it and see if you don’t feel better when you’re part of the solution.

If we were making things, we wouldn’t need to make trouble.  Wall Street and Washington know this, but they’ve painted themselves into a corner.

War cannot replace manufacturing.

Our President’s speech last night was another symptom of deindustrialization to suppress other symptoms of deindustrialization.

Anyhow, what’s so “exceptional” about a country that’s so self-destructive it won’t even buy its own goods?

Wouldn’t it be nice if Americans bought American-made goods and then Middle Easterners could buy American-made goods, too?

From today’s turbulence:

“Obama, ISIS and Al Qaeda: Deadly Dynamics”

www.barrymlando.com/https/barry-landosquarespacecom/2014/9/11/obama-isis-and-al-qaeda-deadly-dynamics

  • There is nothing ISIS wants more than to be seen as the great defender of the Muslims against the Americans and such discredited allies.  Of course, one would think the U.S. Congress itself should be holding weighty debates on this thorny subject. . . .

I scoured the Beijing press for some challenge to BHO’s:

“This is a core principle of my presidency: If you threaten America, you will find no safe haven.”

Nothing yet.
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E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1146] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

The real issue is not about inversions; it is about the goals of American corporations, and the fact that their present goals are destructive for America.

So many good articles.  I’ll keep it moving:

“Inversions Are Revealing the Ugly Face of Shareholder Value”

www.huffingtonpost.com/ralph-gomory/inversions-are-revealing-_b_5785376.html

  • Above all let us not make the easy mistake of simply attacking inversions.  Inversions are only the highly visible sign of something much bigger.  The real issue is not about inversions; it is about the goals of American corporations, and the fact that their present goals are destructive for America.

“The ISIS Scam”

www.unz.com/pgiraldi/the-isis-scam

  • Second, Washington must always act in a measured and proportionate fashion, always recognizing that groups active in the Middle East and Africa do not actually threaten the United States in any serious way.  Where there is no real threat there is no vital interest at stake and engagement should be commensurate.  Does the White House appreciate those two limitations on its action?

“The Struggle for Palestine (II): Who Won the Gaza War?”

www.chuckspinney.blogspot.com/2014/09/the-struggle-for-palestine-ii.html

  • After removing the effects of inflation, the GWOT is now the second most expensive war in U.S. history, exceeding the far larger Civil War, WWI, the Korean War, and Vietnam.  Only WWII cost more.  And yet as this post is being written, President Obama is about to announce yet another escalation of the GWOT and the defense budget.

“An Unlearned Lesson from 9/11″

www.counterpunch.org/2014/09/10/an-unlearned-lesson-from-911

  • The “war on terror” has not defeated it but brought more terror to the world.

“9/11’s secret 28-page history”

www.aljazeera.com/indepth/features/2014/09/911-secret-28-page-history-201499122529308836.html

  • Saudi Arabia, interestingly, has also called for the declassification of the secret 28 pages on foreign support.

“9/11 After 13 Years”

www.paulcraigroberts.org/2014/09/10/911-13-years-paul-craig-roberts

  • The entire episode stinks to high heaven.

“Taking Control: Pathways To Drug Policies That Work”

www.gcdpsummary2014.com

  • The Global Commission’s proposals . . . call on governments to rethink the problem . . . and not to shy away from the transformative power of regulation.  The obstacles to drug policy reform are both daunting and diverse.  Powerful and established drug control bureaucracies, both national and international, staunchly defend status quo policies.  They seldom question whether their involvement and tactics in enforcing drug policy are doing more harm than good.

“Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances”

www.federalreserve.gov/pubs/bulletin/2014/pdf/scf14.pdf

  • Median and mean inflation-adjusted before-tax family incomes moved in different directions between 2010 and 2013.  Overall, median income fell 5 percent between 2010 and 2013, from $49,000 to $46,700.  Mean income increased 4 percent, from $84,100 to $87,200.  The decline in median income coupled with the rise in mean income is consistent with a widening income distribution during this period.

Curious, I searched for the word “recession” in this 41-page Fed bulletin.  It appeared once, and “recovery” not at all.

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1145] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

Your future — and your country’s continued existence — will require an income.

If you currently have a job — any job — it will probably be the best job you ever have.

Your future — and your country’s continued existence — will require an income.

How?  Where will the money come from?

Why?

“Electrolux takes on Whirlpool in U.S. with $3.3 billion GE Appliances Buy”

www.reuters.com/article/2014/09/08/us-general-electric-divestiture-idUSKBN0H30AG20140908

  • GE’s century-old household appliance business . . . could help the Swedish company expand beyond its core European market.

“SMTCL Considers First US Factory”

www.industryweek.com/production-equipment/smtcl-considers-first-us-factory

  • [Chief operating officer Jerry] McCarty noted the [Chinese state-owned] company has 32 factories in China with 10 million square feet of manufacturing space.
  • SMTCL sells most of its [machine tools] in China but McCarty said the company’s business in the U.S. was growing in areas such as aerospace.

“Bluster and Bluff in the Baltic”

www.buchanan.org/blog/bluster-bluff-baltic-6950

  • Cold War presidents routinely issued captive nations resolutions, declaring our belief in the right of the peoples behind the Iron Curtain to be free.  But no president regarded their liberation worthy of war.
  • And why is this quarrel any of America’s business?  Was it the business of Czar Alexander II when the 11 Southern states seceded from the Union and, then, West Virgina seceded from Virginia?

“China’s Borderline Belligerence”

www.project-syndicate.org/commentary/brahma-chellaney-criticizes-india-for-allowing-china-to-dominate-the-bilateral-relationship

  • The central objective of Chinese leaders’ visits to India is not to advance cooperation on a shared agenda, but to reinforce China’s own interests, beginning with its territorial claims.  Even China’s highly lucrative and fast-growing trade with India has not curbed its rising territorial assertiveness.

“How America Made ISIS”

www.tomdispatch.com/blog/175888/tomgram%3A_engelhardt%2C_the_escalation_follies

  • Certainly, what official Washington has needed in tough times is a bona fide enemy so darn evil, so brutal, so barbaric, so inhuman that, by contrast, we might know just how exceptional, how truly necessary on this planet we really are.  In the nick of time, riding to the rescue comes something new under the sun. . . .
  • ISIS’s urge was undoubtedly to bait the Obama administration into a significant intervention.  And in that, it may prove successful.

“China’s Military Gets More Bang for the Buck”

www.bloombergview.com/articles/2014-09-08/china-s-military-gets-more-bang-for-the-buck

  • The message, of course, is that the U.S. outspends all its rivals, ensuring its continued military dominance.  But there are several problems with this perennial talking point.  The first is that these dollar numbers aren’t adjusted for the cost of anything that any of these militaries buy.
  • The U.S. has commitments to defend allies in Europe, Asia and the Middle East.  We have to keep aircraft carriers sailing the seas and maintain overseas bases just to meet our existing commitments.  That dramatically reduces the amount of money we would actually be able to spend on a major war.  China and Russia, of course, have no such global commitments.

“Rising Extreme Poverty in the United States and the Response of Federal Means-Tested Transfer Programs”

www.npc.umich.edu/publications/working_papers/?publication_id=255

  • “Extreme poverty” is defined using a World Bank metric of global poverty: $2 or less, per person, per day.  Using the 1996-2008 panels of the Survey of Income and Program Participation (SIPP), we estimate that in mid-2011, 1.65 million households with 3.55 million children were living in extreme poverty in a given month, based on cash income.  This constituted 4.3 percent of all non-elderly households with children.

Deindustrialization.  We can all see where this is going — and, when we’re being honest, where it comes from.

(Also please scroll down.)
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E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1144] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

 

“There’s Something Wrong With Me”FFC #1098 of July 23, 2014
This essay isn’t about Nazis, but I can’t think of a better way to begin.

If something defies logic, then maybe there’s a reason.  Nobody can solve an emotional puzzle with logic, intellect.

(Haven’t you ever loved a person you swore must be crazy?)

I’ve known lots of people who, when they were young children, and learning about themselves from old children, learned and memorized this:

“There’s something wrong with me.”

There you have it.  They were wrong, of course, but there you have it anyway.

The shrinks might call it “low self-esteem” but it’s our country’s biggest problem.  Every compulsion and addiction — from overeating to serial murder — is rooted in this fundamental self-hatred.

Every exploitation and vulnerability, too.  How often do we make a purchase decision — or otherwise socially conform — to avoid the feeling, deeply subconscious, that “there’s something wrong with me”?

A hundred years ago, the typical German household was not what we Americans would think of as kid-friendly.  Humiliated German children grew into adult Nazis who saw themselves — their defective and vulnerable childhood selves — in their Jewish victims.  They symbolically exterminated their childhood selves, and thus completed the work of their childhood authority figures.

I know too many self-hating Americans — mostly good people of low self-esteem — who see themselves in their own children and grandchildren.

They are wrong, of course, but there you have it — and the reason their behavior defies logic.

What’s this got to do with us?

“What’s this got to do with us?”

That’s the question American citizens ought to be asking themselves every day.

What’s ISIS, or even the Middle East, got to do with us?  What we’re told is U.S. foreign policy — what’s this got to do with us?  America’s wars and economic policies — what’s any of this got to do with us?

How is this good for our country?  How is this good for our people — for the everyday American citizens who suffer and sacrifice?

“China’s surplus hits record high in August with exports up 9.4 pct”

[Xinhua link -- September 8, 2014]

  • Trade surplus [49.8 billion U.S. dollars] in August jumped 77.9 percent year-on-year and hit a record high again, after reaching an all-time high of 47.3 billion U.S dollars in July.

“Harvard University receives largest ever donation from Hong Kong foundation”

[SCMP link -- September 8, 2014]

  • A foundation set up by Hang Lung Group chief Ronnie Chan Chichung and his family has made the biggest donation in Harvard University’s 378-year history, handing over US$350 million to its school of public health.  The school will be renamed the Harvard T.H. Chan School of Public Health after the late tycoon Chan Tseng-hsi, founder of Hang Lung.  It becomes only the second Harvard faculty to carry the name of a person, after the John F. Kennedy School of Government.

“Foreign Powers Buy Influence at Think Tanks”

www.nytimes.com/2014/09/07/us/politics/foreign-powers-buy-influence-at-think-tanks.html

  • More than a dozen prominent Washington research groups have received tens of millions of dollars from foreign governments in recent years while pushing United States government officials to adopt policies that often reflect the donors’ priorities, an investigation by The New York Times has found.
  • [Oh my goodness -- who'd have thought?]

“Scots, What the Heck?”

www.nytimes.com/2014/09/08/opinion/paul-krugman-scots-what-the-heck.html

  • Well, I have a message for the Scots: Be afraid, be very afraid.  The risks of going it alone are huge.
  • I find it mind-boggling that Scotland would consider going down this path after all that has happened in the last few years.  If Scottish voters really believe that it’s safe to become a country without a currency, they have been badly misled.

I have a message for the Scots, too:

Nemo me impune lacessit.

Paul Krugman is a mainstream media lobbyist who got his Nobel from the Swedish central bank and told us not to worry about China’s trade surplus.

While it is true that Krugman & Co. can make life more difficult for the Scots — and while it is perhaps true that Krugman & Co. engineered the looting they’ve nicknamed “The Great Recession” —

It is also true that “no one attacks [a Scot] with impunity.”

Now what’s this got to do with us?

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1143] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

Over the last sixty years, and in particular over the last thirty, America has thrown away almost all the once vast leverage it enjoyed to set the global diplomatic agenda.

“But the proles, if only they could somehow become conscious of their own strength, would have no need to conspire.  They needed only to rise up and shake themselves like a horse shaking off flies.  If they chose they could blow the Party to pieces tomorrow morning.  Surely sooner or later it must occur to them to do it?”  — Orwell, Nineteen Eighty-Four

“Three Reasons Why Putin Laughs At Impotent America”

www.forbes.com/sites/eamonnfingleton/2014/09/04/three-reasons-why-putin-laughs-at-impotent-u-s

  • The problem is not Obama; it is America.  Over the last sixty years, and in particular over the last thirty, America has thrown away almost all the once vast leverage it enjoyed to set the global diplomatic agenda.  In doing so, America acted in the name of an idealistic cause, globalism, but at the end of the day its idealism has not been reciprocated.
  • Three reasons in particular explain the sea change. . . .

“How Many Americans Does It Take To Pull a Plug?”

In July, our trade deficit in wealth-producing goods was $2.3 billion dollars per day — every day — and every American life this represents.

What are we waiting for — permission to keep our babies alive?

www.facebook.com/BobHall2016
E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1139] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender
“How Many Americans Does It Take To Pull a Plug?”

No matter who you blame—Washington, Wall Street, the Big Banks, Globalization—they all have at least one thing in common: they all get all their power from us.

 

Even a young child knows: when a machine goes haywire and the controls don’t work, you don’t form a committee, you don’t stockpile ammunition, you pull the plug.

 

When a contractor doesn’t perform as agreed—and this applies to social contracts, as well—you withhold payment until he does the job you hired him to do.

 

Beginning right now, I will do my part as an American citizen—and the guy you could have voted for—to enforce the American agreement of democracy and prosperity, and to prevent a possible genocide.

 

I’m glad you don’t like that word.  For decades now, this country has been in the business of transferring existing wealth instead of producing new wealth.  When the wealth has all been transferred, finally—what happens then?

 

Beginning right now, you can do more than just complain and feel helpless.  You can pull a plug.  Join me—follow me—in providing incentive by simply withholding payment:

 

  • Not another penny in income tax—personal or corporate.
  • Not another penny in payment of student loans.
  • Not another penny to any Big Bank—or to any corporation that has taken American money and betrayed American interests.

 

I am not saying we should all become irresponsible deadbeats.  I’m advocating a higher form of financial responsibility, one that considers the difference between virtue and vanity, virtue and cowardice.  When our democracy is acceptable, America’s real economy acceptable, when the game is no longer rigged against us, we should be delighted to once again extend our cooperation and financial support—under conditions acceptable to the common man.

 

Americans in a democracy are all common men.

 

Every day, somebody tells me our country is doomed, our children are doomed, there’s no future, not a thing we can do about it, and we shouldn’t even try.

 

They say America is in her final stages of disunity, that Americans couldn’t pull together now if their lives depended on it.

 

I say they’re wrong.