Bankers it is Immoral to fund war

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Re: Bankers it is Immoral to fund war

Postby norton ash » Fri Aug 05, 2016 8:10 am

Elihu » Thu Aug 04, 2016 2:40 pm wrote:found it! http://www.wsj.com/articles/SB111931620512664812

Updated June 21, 2005 12:01 a.m. ET It is stunning for the head of our central bank to describe himself as mystified by the behavior of overall rates. But he has plenty of company.


he's stoned, he's clueless, he's mystified. apparently still is. told you it was hard running the world


He's a god, he's a man, he's a ghost, he's a guru


They're whispering his name
through this disappearing land
But hidden in his coat
is a red right hand

You don't have no money?
He'll get you some
You don't have no car?
He'll get you one
You don't have no self-respect,
you feel like an insect
Well don't you worry buddy,
'cause here he comes
Through the ghettos and the barrio
and the bowery and the slum
A shadow is cast wherever he stands
Stacks of green paper in his
red right hand
Zen horse
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Re: Bankers it is Immoral to fund war

Postby Elihu » Fri Aug 05, 2016 10:20 am

Deficit spending is simply a scheme for the confiscation of wealth.
he was either insane or lying, such condition apparently still in effect, or i guess telling the truth when he said he was mystified.

what a coincidence, 1966 - 2016
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Re: Bankers it is Immoral to fund war

Postby Elihu » Fri Aug 05, 2016 12:45 pm

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Re: Bankers it is Immoral to fund war

Postby PufPuf93 » Fri Aug 05, 2016 12:50 pm

I took a required course in Macroeconomics from Janet Yellen and she was also on my MBA committee at Cal (Haas MBA 1987).

As assigned with no particular logic, Yellen showed up to required meetings and otherwise offered no assistance.

Several other profs were very helpful.
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Re: Bankers it is Immoral to fund war

Postby Elihu » Sat Aug 06, 2016 10:56 pm

and for us people i would have to say it is immoral to participate
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Re: Bankers it is Immoral to fund war

Postby PufPuf93 » Sat Aug 06, 2016 11:11 pm

Elihu » Sat Aug 06, 2016 7:56 pm wrote:and for us people i would have to say it is immoral to participate


Here is a good example; Richard Blum, Senator Feinstein's husband and an alumnus of above:

http://www.sfgate.com/bayarea/matier-ro ... 652085.php

Blum's firms win multimillion-dollar defense contracts in Iraq, Afghanistan

Phillip Matier, Andrew Ross

Published 4:00 am, Sunday, April 27, 2003

When it comes to scoring mega-military-related contracts, Sen. Dianne Feinstein's multimillionaire husband, Richard Blum, is right in the thick of things.

First up: a contract announced last week between the Army and URS Corp., the San Francisco planning and engineering company that specializes in defense work -- and that happens to be partly owned by Blum's investment firm.

The contract -- which could grow to $600 million -- is to help with troop mobilization, weapons systems training and anti-terrorism methods.

That's on top of a $3.1 billion Army contract that URS snared back in February for weapons systems and homeland defense.

-------------------------------------------------------------------------
Richard Blum at wiki:

https://en.wikipedia.org/wiki/Richard_C._Blum

Richard C. Blum (born July 31, 1935[1][2]) is an American investment banker. He is the husband of United States Senator from California Dianne Feinstein. He is the chairman and president of Blum Capital, an equity investment management firm that acts as general partner for various investment partnerships and provides investment advisory services. Blum also serves in various boards of directors of several companies, including CB Richard Ellis. He is also a regent of the University of California, where until May 2009 he served as the chairman of that board.

cut

Controversy[edit]

Blum's wife, Senator Dianne Feinstein, has received scrutiny due to her husband's government contracts and extensive business dealings with China and her past votes on trade issues with the country. Blum has denied any wrongdoing, however.[4] Critics have argued that business contracts with the US government awarded to a company (Perini) controlled by Blum may raise a potential conflict-of-interest issue with the voting and policy activities of his wife.[5] URS Corp, which Blum had a substantial stake in, bought EG&G, a leading provider of technical services and management to the U.S. military, from The Carlyle Group in 2002; EG&G subsequently won a $600m defense contract.[1]

In 2009 it was reported that Blum's wife Sen. Dianne Feinstein introduced legislation to provide $25 billion in taxpayer money to the Federal Deposit Insurance Corp, a government agency that had recently awarded her husband's real estate firm, CB Richard Ellis, what the Washington Times called "a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms."[6]

The United States Postal Service has entered into an exclusive contract with CB Richard Ellis to sell buildings that currently house post offices.[7]

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Note no mention of the at least 3.7 billion in GWB's War on Terror military contracts.

An exclusive contract to sell off US Post Office buildings? Another step toward neoliberal privatization.

War mongers and war profiteers. People of peace aren't invited to participate. :mad2
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Re: Bankers it is Immoral to fund war

Postby Harvey » Sun Aug 07, 2016 1:09 am

Freitag » Fri Aug 05, 2016 5:42 am wrote:The production and distribution of "stupid shit" employs a lot of people. It would be cutting off your nose to spite your face.


The circularity of that argument should be apparent. That you make it seems it illuminate one of the problems.

Education in the UK reflects the needs of 'industry' such as it is, rather than society or even individuals. A few years ago my daughter was taught "The Wild West" as a general history subject. Apart from what the fuck 'the wild west' has to do with anything in the UK, the service industry is crying out for dish washers, call centre staff, waitresses, bar tenders, food packers, drivers, 'retail assistants,' bank tellers, managers and so on. Critical thinking skills, historical context or reading comprehension might not be necessary and even a definite drawback for most these employers. While I'm not making fun of anyone working in any of these jobs, I have myself, education reflects this need, deliberately creating an alienated, desperate, unskilled workforce with an overwhelming desire to fill the emptiness of consumerism with more consumption.

Forests are being burned in Indonesia and cleared across South America to make way for those jobs, elephants are nearly extinct in order to provide exquisitely stupid shit whose value rises as their population declines. As stupid shit goes, job creation as an end in itself is up there, yet I've heard that argument from as far back as I remember.

Job creation as a by product of improved or renewable infrastructure? That's not an argument I hear from anyone on the right.
And while we spoke of many things, fools and kings
This he said to me
"The greatest thing
You'll ever learn
Is just to love
And be loved
In return"


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