Tag Archives: workers

Boeing Seeks Cheap Labor, Huge Tax Cuts In Bidding War: Union Destruction Continues War On Labor

I have tracked Boeing for years and years.  Boeing jobs were ‘good’ (i.e.: union) jobs but after thirty years of free trade and open borders, after the former slave states passed anti-union laws, we have this result:  Boeing (BA) 777X: Economic Warfare Between States For Boeing Jobs Is Hurting The Poor, Endangering Public Services And Only Serves Foreign Customers

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Filed under Free Trade

US Corporations Kill Thanksgiving Celebrations And US Workers

Teamsters Union

Teamsters UnionThanksgiving is a Federal Holiday that was supposed to allow workers a day off for feeling gratitude for living in America.  This holiday has been steadily eroded over the years by mega international corporations to the point, the holiday barely exists anymore.  When Thursday Vanishes on Thanksgiving – NYTimes.com is one of many stories talking about how relentlessly Big Business and Big Media have been relentlessly waring on Thanksgiving and steadily eroding it to nothingness. But then, Native Americans Mark Day of Mourning on Thanksgiving: “We are vanishing, we are not conquered…as Indian as well as other casinos all remain open Thanksgiving Day.

 

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Filed under Free Trade

Derivatives Contraction Is Leading Cause Of Bank Deflation And Credit Crunch: Economists Ignore This Fact

Derivatives monster ate capital not debt

Derivatives monster ate capital not debt

Here is a typical example of how the huge Derivatives Beast is ignored by economists pretending to understand what is going on in the world.  I have explained for years how the derivatives game suddenly appeared during the years banks were deregulated and offshored.  This game meant NO CAPITAL was needed for lending and bankers lent money they didn’t have to all and sundry with wild abandon.  Then, when debt deals went bankrupt, there was no capital base to cover losses and the entire system suddenly collapsed in 2008.

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Filed under .money matters