December 18, 2024

The multipler effect, the SNAP food stamp program, and the TEA Party's mask of religion in condemning food stamps.


In September 2013, a well-fed
and highly paid Republican U.S.
House members voted to cut the
SNAP allotments of the disabled,
the elderly, the working poor, and
children by $39 billion/10yrs, all
the while doing nothing to lower
food prices or to create jobs.

Having the poor endure the George
Bush II economy wasn't enough
suffering for them, apparently.
The present state of affairs show that the only effective thing that TEA Party Re-
publicans are doing is turning the lower economic strata of America into an out-
casted population of Acceptable Loss.  Yet, all that they have to do is end the on-
going rise in the Trade Balance Deficit that has been rising to the tune of a half
trillion dollars per year for decades.  It's done by bringing back to America or its
territories the lost 5 million jobs and 60,000 lost manufacturing enterprises that
vanished at the hands of Newt Gingrich, George Bush, and other Republicans
who served the very rich at the expense of the very poor, the working poor, and
those one step from poverty.

None the less, macro-economic behavior is such that a food stamp program takes
zero dollars out of any national economy.  Rather, such a system serves as a stim-
ulus program, on account of a mathematical phenomenon known as the Multiplier
Effect.  It's one of the first things taught to college economics students. 

November 1, 2013:  An automatic decrease of $5 billion in food stamp allotments
went into effect.  It was the result of a 2009 stimulus feature expiring.  Therefore,
it was a matter of reducing a percentage of the SNAP food stamp budget to the tune
of 5%.   Now, this decrease is in addition to the $39 billion SNAP budget reduction
which still needs to be passed by the US Senate and signed into law by the president.

U.S. House Republicans failed to cooperate with the Senate in passing any jobs bill,
and they simultaneously neglected to do what is needed to trigger a decrease in food
prices that rose during the Great Recession and remain hovering at a level too high
for the present American Economy.  Yet, in keeping with their economic incompe-
tence, as if to be purposely sabotaging the U.S. economy for the sake of those who
fund their re-election campaigns, House members succeeded in getting food stamp
benefits cut, as if no one really needs food for survival.  All the while, the reduction
will reduce grocery retail incomes.

An Illustrated Version of the Multiplier Effect
The multiplier effect involves the dominoes effect of spending the same one
dollar and how much that dollar travels in a string of consecutive purchases.
It is the flow of money in a society, resulting from spending.  It's measured in
relation to a change income and a responding change in what is known as the
multiple propensity to consume; the MPS.  Translated into English, the MPS
is the repeated likelihood of a certain percentage of your income being spent,
as opposed to being saved.

The formulas involving  this are reminiscent of hieroglyphics, at first look.
But, the concept is simple logic and it permeates throughout economic math.

The multiplier effect of the food stamp program is such that, for every food
stamp dollar spent, $1.74 in economic activity is generated.  This translates
into business income being generated.   Thus, businesses throughout Ameri-
ca will lose approximately $8.5 billion in income, on account of the Novem-
ber 1 food stamp allotment cut.  Grocery stores lose out when food stamp al-
lotments are reduced.  Thus, food stamp cuts reduce a nation's GDP.

http://www.cbsnews.com/8301-505145_162-57609936/millions-on-food-stamps-facing-benefits-cuts/

Now, former Reagan budget director, David Stockman, pointed out that the
congress appropriated far too much money on military spending, even to the
point of saying on-air that America can defend itself on $400 billion a year,
instead of the $689 and $633 billion plus CIA, NSA, & HLS costs of recent
years.  This $400 billion mark was the usual budget during the Clinton years.

During the Bush and TEA Party years, however, the military price tag became
obscenely high, equaling the accumulative military budgets of the next 22 high-
est military spender nations, as I illustrated in 2011 research on military spend-
ing.  In as much, the proper compromise between TEA Party spending and
economic expert David Stockman's recommendation would be $500 billion.

Incidentally, all that you need to know is entry-level economics, in order to see
how erroneous the Republican Party platform on economics is.  Only when it
comes to derivatives, juxtaposing ratios, and advanced Cost Accounting do you
need an advanced prowess in econ.  None the less, you don't have to be an eco-
nomics expert to understand the overall picture of a nation's economy.  He only
have to be a man of goodwill, a person with a sense of decency, someone in
possession of a conscience.

None the less, the Southern congressman who went on national TV and claimed
to have been an economics expert on account of having raised a family was en-
tirely asinine.  This is because there are different phases and categories of eco-
nomics, such as Macro-economics, Micro-economics, and International Eco-
nomics.  Running a household in micro-economics.

Economics expert, David Stockman, knows economics efficiently and he under-
stands the mechanism of the multiplier effect on an economy. The SNAP food
stamp program increases the multiplier effect.  Meanwhile, tax cuts given to the
greed-stricken wealthy takes money out of the circular flow of currency such
that the money which ended up in overseas tax havens and foreign sweatshop
investments cost America 5 million jobs and 60,000 manufacturing outlets.

In memory of the Pittsburgh steel industry which dissolved in the smelter of Reaganomics.
The obvious on-air liars of the Right Wing, such as Sean Hannity, Bill O'Reilly,
and the Glen Beck who admitted that he does ZERO FACT CHECKING, kept
stating that food stamps go to lazy able-bodied people who have large TV sets,
autos, cell phones, etc.  Well, the vast majority of recipients are children, the
elderly, and the disabled, as well as those who do work but are underpaid.  In
fact, 5,000 active-duty military personnel were reported as being food stamp
recipients.

Concerning children on food stamps, there are red state regions where the per-
centage of them are high ... according to PBS.    This is especially the case in
Rush Limbaugh's native state of Missouri.  In as much, red state TEA Party
voters are sabotaging their own businesses, especially their grocery stores.
There are simultaneously being vicious to children, the elderly, & disabled.
Below is a very partial list from the pertinent PBS publication found at:

http://www.pbs.org/newshour/interactive/patchworknation/stats/food-stamps/percent-children-food-stamps/

              Percentage of children dependent upon food stamps

The $39 billion food stamp reduction vote:

The vote of September 19 was very close; 217 to 210.  The House of Reps voted to
delete $39 billion from the food stamp budget for the next ten years.  Ironically, the
farm subsidies which yearly range from $15 to $35 million will be kept in tact.  The
hypocrisy is that the Republican Party did ZERO to reduce the cost of food which
started elevating during the Bush Recession.

The estimate is that approximately 3 million Americans will become ineligible for
any food stamp allotment, and 850,000 will have their allotments reduced.  Furth-
ermore fifteen Republicans actually voted against the cuts.   Due to the sequester,
the Meals on Wheels program already was reduced. 

Ignoring the Multiplier Effect:  The TEA Party Way

Despite the existence of the Multiplier Effect in the universe of mathematics, Ted
Cruz, Michelle Bachmann, the overpaid & airheaded Sarah Palin, Stephen Fincher
and other TEA Party politicians ignore it.  Interestingly enough,  the aforementioned
persons all adhere to the "Evangelical," "Born-Again," "Fundamentalist," "Southern
Baptist," "Neo-Confederate," "Tent Revivalist," "Saved" religion of the extremely
backward, crass, isolated, segregationist, anti-federal, and rural culture of White
Anglicized America.

In this religion, its adherents believe that each one has the power to interpret the
Bible on his/her own.  So, they decided to take out of context one sentence of the
Bible, as an excuse to take away needed food from the needy, while not reducing
their own congressional pay checks and/or speech fees by even a penny.

As if to be establishing a religion ... namely the religion of Southern slave owners,
cross burners, lynch mob coordinators, and segregationists ...  they also made sure
to keep active the subsidies that gained for Southern Congressman Stephen Finch-
er $3.48 million.

The quote Fincher and Bachmann blasphemously used out of context came from
Saint Paul.  He was writing to a community whose members included people who
believed that the End of World was a few days to a few months away.  This belief
was erroneous, because it contradicted the prophecy that the Faith spread by Peter
and the apostles would first be spread throughout the entire world, before the world
would come to an end.  So, Paul wrote that he did not advise that anyone who was
unwilling to work should be a part of the dining tables ... until they stopped believ-
ing that the world was soon to come to an end.

Concerning the true Christian religion, and NOT the one disfigured through the
centuries by those who broke away from original Christianity, the following is
what the Son of Man will say to those consigned to eternal damnation at the end
of the world, after the Resurrection of the Dead. It directly hits at the heart of the
miserly mindset of the TEA Party Republican:

Then he will say to those on his left, ‘Depart from me, you accursed, into the
eternal fire prepared for the devil and his angels.  For I was hungry and you
gave me no food, I was thirsty and you gave me no drink, a stranger and you
gave me no welcome, naked and you gave me no clothing, ill and in prison, 
and you did not care for me.’

Then they will answer and say, ‘Lord, when did we see you hungry or thirsty
or a stranger or naked or ill or in prison, and not minister to your needs?'
He will answer then, "I tell you solemnly, what you did NOT do for one of
these least ones, you did not do for me."  And these will go off to eternal
punishment, but the righteous to eternal life.” 

According to the Bible, therefore, Stephen Fincher, Michelle Bachmann, and oth-
er TEA Party Republicans are on the road Hell.  At this point, keep one more thing
in mind:  The Bible, the Fathers of the Church, the Doctors of the Church, and the
Papal teachings always refer to Jesus the Nazarene as Christ the King and NOT as
Christ the Republican.  That's King and NOT Republican.  In fact, Christ is surely
not referred to as Christ the TEA Party Republican.  Thus, the TEA Party claim
that Christ was the quintessential TEA Party Republican is literally blasphemy,
according to true Christianity, and NOT the grotesque caricature of it that accom-
panied Cross Burnings, Lynch Mobs, and the 2013 shutting down of the United
States government.

Bill O'Reily and his Doctrine of Hatred

Bill O'Reilly was wrong in his audacious assessment of Christ.  In fact, he claim-
ed that Jesus never said, "Father, forgive them, for they know not what they do."
Well, contrary to non-physician O'Reilly's assessment, crucifixion does not cause
suffocation.  Roman crucifixion results in hypovolemic shock and the complica-
tions involved with it.  If it involved suffocation, then Roman convicts wouldn't
have lasted days on their crosses, at times.  O'Reilly, filled with the hated with
which he is, denies that Christ has mercy.   So, he called the Gospel authors liars,
as if he is now the true voice of truth.

O'Reilly calls himself Catholic, but the center of Catholicism is the Mercy of God.

Thus, in denying that Christ ever said, "Father forgive them," O'Reilly lies. He
lies, due to the hatred that consumes him.  In addition, Bachmann and Fincher
misinterpreted one Biblical sentence, as a ploy to intimidate the public into think-
ing that giving Stephen Fincher $3.48 million is the will of a God who will crush
you, if you don't give Fincher $3.48 million taxpayer dollars.

Concerning this, a FoxNews regular went on air, and as a propaganda ploy, he
asked if food stamp recipients feel shame for using food stamps.  This ploy sug-
gested that food stamp allotments are a disgrace.

ANS:  Food stamp recipients feel a number of things.  They feel hungry and/or
wracked and/or drained and/or burdened and/or one step away from destitution
and/or relief.  Food stamp recipients also feel the cancer and/or the aging and/or
the severe-level asthma attacks and/or the muscle weakness and/or the back pain,
and/or other physical pains.  Yet other food stamp recipients feel their tininess and
frailty, concerning those in the childhood age group.  The children felt hunger too.

One thing is for certain:  The FoxNews people,  morbidly obese Limbaugh, the
admitted alcoholic Glenn Beck who equally admitted to having done ZERO fact
checking all feel no one's pain.  Let it be repeated.  They feel no one's pain.  They
are the ones in the state of delusion.

Of course, the Republicans, dating back to Ronald "Rust Belt" Reagan, stereotype
food stamp recipients as blacks driving Cadillacs.  The truth is that 36% of the food
stamp recipients of America are white.  One point to make at this point is that food
stamp money goes back into the American economy.  Romney's money went to the
Cayman Islands and Switzerland.  Thus, what Romney did damaged America in its
time of need.  What food stamp recipients did was spread money amongst the groc-
er industry.  Incidentally, over 60% of Republicans were indifferent to the idea of
the United States defaulting on its debts.

A couple weeks of the TEA Party way cost America $24 billion.  They should, by
law, be required to reimburse America.  This is because what they did was intention-
al blackmail.  One would state that they are immune.  However, in the presence of
malice, there is no immunity.  What they did was malicious ... or so stupid that they
have the moral duty to resign from their posts, being that they proved that they do
not do what they are doing.

http://www.usatoday.com/story/news/politics/2013/09/19/house-gop-food-stamp-cuts/2839343/

December 14, 2024

There is NO free market economy where slave-waged imports are involved


Sweatshop importation made America
poorer.  This is shown in the United
States International Trade Balance
Deficit.  In fact, foreign sweatshop
labor exploitation has been national
economic suicide.
The following was written in 2012.   If I ever get the time to do so, I'll update                                       the stats on this subject.
____________________________________________________________

In 1986, when the Reagan administration and the U.S. Congress opened trade
with China, the average Chinese wage was 24 cents an hour.   By 2010, it was
75 cents an hour, for a Cantonese worker.  Today, the wage continues to depend
on the region, and ranges from $1.23 in Guangxi to $2.58 in Beijing, according
to the 2013 law that mandated the Chinese minimum wage to equal to 40% of
the average urban wage.  Yet, there are reports, such as one from Business Insid-
er, which mark the average Chinese salary at 80 cents an hour.  Thus, we again
have inconsistent reporting.

What is known is that there have been worker suicides, threats of collective
suicides, rioting, protests, and physically demanding living conditions.  In
addition, Vietnam, with its low wage rate, has become the new China and/or
Bangladesh.  This is because the Chinese nation is beginning to be a "service
economy," as opposed to a "manufacturing economy."  None the less, it's im-
portant to note that the the Russian minimum wage is approximately $1.04.
Thus, it is projected to become lower than the Chinese wage, should the 2013
Chinese law be observed.  Suicides and rioting caused a drastic change in
Chinese labor policy circa 2010/2011, around the time of the Middle East-
ern revolutions and the worldwide Occupy Wall Street movement which
had no centralized leader.

The minimum wages of other low-waged nations go as follows:

Sierra Leone: 3 cents an hour.   Mali where the French intervened: 27 cents.
Mexico: 61 cents.  Vietnam: $90 to $128 per month depending upon region.
The Philippines: 61 cents.   Pakistan: 51 cents.   Afghanistan: 57 cents.
Armenia: 65 cents.  Nepal: 45 cents.  Nicaragua:  52 cents.  Bangladesh:
Monthly wage went from $38 to $66 recently.  The Ukraine: 91 cents

Other minimum wages go as follows, per hour:

Australia: $16.88.  Luxembourg: $14.24  France: $12.22   Ireland: $11.09
The UK: $10.02.  New Zealand: $11.18  The Netherlands:  $10.99
Spain: $5.57   Portugal: $4.19  Taiwan:  $3.88.   Poland: $2.97 

End of preliminary notes.
___________________________________________________________________
Americans wear clothing made by overseas sweatshop employees.  Americans
buy appliances made in sweatshop nations.  In almost every American home,
you will find the phrase, Made in China, more often than Made in USA, no mat
ter what be the category of not-very-durable durable good found in an American
home.

Sweatshop people don't have lives.  Nor were they given any appreciable identi-
ty.  As a result, sweatshop employees would be found with slit wrists, time and
time again.  Eventually came the implementation of the suicide net.  Americans
hold  sweatshop workers in a living death, be these the workers in Bangladesh,
China, Vietnam, Guatemala, El Salvador, etc.  Now, some Americans keep these
workers lodged in this state of slavery out of cowardice, while others do so out
of selfish negligence.  Yet, others do so out of greed.

Why would anyone want to rule over a humanity that had its humanity stripped
away from itself?  Who wants to rule over a society of humans-made-robot or 
humans-made-animal ... or even humanity-turned-zombie?   The state of the
people ruled is a reflection on  the rulers.  The makers of ghettos are ghettos
within themselves, no matter how plush be their domiciles and how high be
their bank accounts.  Concerning the greed part ...

The United States does NOT make money from importing merchandise made by
low-waged foreign sweatshop workers.  It has been constantly losing through this
type of importation.  While Communist Chinese merchandise comes to America,
American dollars goes to Maoist China.  So too is this the case with other foreign
nations  whose workforce can't afford to buy American products and/or services,
in any type of appreciable, two-way, fair trade, economic traffic.  No foreign na-
tion pays the United States to take its merchandise.  In fact, Chinese Communist
dictators do not even give Americans a commission for selling their merchandise.  

America is not making out like a bandit in a business practice which constitutes
a crime against humanity.  There is only a small percentage of Americans make
out like bandits, often sending their spoils to overseas tax havens.  Meanwhile,
the rest of America finds itself on the losing end of the steadily diminishing cur-
rency flow, in increments.  This chronic loss has been in the trillions of dollars.
This is the trickle-away effect.

A flow of American dollars goes into Communist Dictatorial China, as well to
each of the NAFTA nations, never to return to the States, without America find-
ing itself in an increasing state of treasury bond debt to foreign entities.  The 
money lost in Republican  Party Economics is called the U.S. Trade Balance
DEFICIT.   

The total deficit for the 2003 to 2012 was $5.929 trillion
The accumulative deficit for 1993 to 2012 (for goods & services) was $7.988 trillion,
for goods only.  The accompanying 20 yr U.S. International Trade Balance Deficit 
was $9.839 trillion.  

That's MINUS $9,839,000,000,000.
          MINUS $7,988,000,000,000.
          MINUS $5,929,000,000,000.

All gone.  Bye bye.  No more.  Au revoir.  Not even a post card.  In addition, sweatshop 
workers threatened suicide, on account of the harsh conditions in the compounds that 
manufacture the products which go to the United States.  This means that Americans  
have become unconscionable slave drivers by proxy, all the while destroying their own 
economy.  

All in all, the American shopper provided the outrageously large sums of money that
the CCP used to enhance its military.  The American shopper paid for his/her future
destruction.
This is 1 yi jiao, Chinese Currency, incidentally
Now, foreign trade is fine, if and only if the foreign workers can afford American pro-
ducts.  That is to say, buying foreign is fine, if foreign occasionally buys American, in
return.  Thus, fair trade is a necessity, in order for foreign trade not to result in disast-
er for one of the two trading nations.  Fair trade requires a reasonably balanced two-
way street of import and export traffic.  

Concerning America, Chinese workers would not have been able to have afforded 
American products anyway, beyond wheat products, in Equitable Foreign Trade, ev-
en if America had not ceased being a manufacturer of household consumer products 
in significant quantities.

Imagine the trade balance deficit money as dollars flowing through a tube into a pro-
tectionist dictatorship or two ... or three.  This costs American jobs.  In fact, this en-
tirely prevents the creation of many American mid-size business start-ups.

http://www.theatlantic.com/international/archive/2012/01/how-china-stays-stable-despite-500-protests-every-day/250940/


http://www.globalpost.com/dispatches/globalpost-blogs/the-rice-bowl/chinas-unusual-riots

http://www.globallabourrights.org/reports?id=0649 

http://economyincrisis.org/content/the-worst-in-the-world-%E2%80%93-the-u-s-balance-of-trade-is-mind-blowingly-bad 

http://www.care2.com/causes/olympic-toys-manufactured-in-chinese-sweatshops.html 

The Economic Downside Effect of
Foreign Slave Labor Profiteering


Foreign slave labor profiteering achieves the following results:

- Increases an offending nation's international trade deficit.
- Reduces the same nation's gross domestic product.
- Deceases the offending nation's per capita income.


At this point, view the United States trade balance deficit through
the past ten years, in its trade of goods (not services) with China,

alone:
                  U.S. IMPORTS                        U.S. EXPORTS
              from sweatshop China                to protectionist China
        (This is money paid to China)   (This is money paid to the U.S.A.)


2013            $440 billion                              $122 billion
2012            $425 billion                              $111 billion
2011            $399 billion                              $104 billion
2010            $365 billion                                $92 billion
2009            $296 billion                                $69 billion
2008            $337 billion                                $69 billion
2007            $321 billion                                $62 billion
2006            $287 billion                                $53 billion
2005            $243 billion                                $41 billion
2004            $196 billion                                $34 billion


10yr total: $3.309 Trillion                             $0.757 Trillion       
 paid to Slave Labor China               paid to an acquiescent U.S.A.


The NET equals: MINUS $2,552,000,000,000 - That's only trade with China.
This is goods only.

The Total Deficit, as is charted below, is MINUS $5,929,000,000,000. 
This comprises trade with all nations.  This comprises goods and services.

The hypocrisy is that trillions of American dollars stayed in the permanent posses-
sion of the Chinese Communist Dictatorship, in the name of Democracy and
Capitalism, as well as Republican Party Values.

See:  http://www.census.gov/foreign-trade/balance/c5700.html#2012

Now, view the total 10 yr U.S. trade balance acct, concerning trade with all nations,
from 2003 to 2012:

          Concerning GOODS only        GOODS and SERVICES



2012       minus $735 billion                     minus $540 billion
2011       minus $737 billion                     minus $588 billion
2010       minus $645 billion                     minus $500 billion
2009       minus $505 billion                     minus $381 billion           
2008       minus $830 billion                     minus $698 billion
2007       minus $818 billion                     minus $696 billion
2006       minus $835 billion                     minus $753 billion
2005       minus $780 billion                     minus $708 billion
2004       minus $663 billion                     minus $605 billion
2003       minus $540 billion                     minus $490 billion


Total:   minus $7.088 261 trillion         minus $5.929 trillion 

http://www.census.gov/foreign-trade/Press-Release/2012pr/final_revisions/exh18.txt                                 
Refer to the following link: 
http://www.census.gov/foreign-trade/statistics/historical/gands.txt 

In addition, the total/aggregate U.S. Trade Balance Deficit for only the month
of November 2012 rose $6.6 billion, to $48.7 billion (for that one month only.)
This means that the Trade Gap Rate rose by 15.9%.  As I have previously stat-
ed, if this Trade Balance Deficit behavior continues, America will be a political
entity in the history books, compared to the Argentina which, at one time, was
regarded a world power.

rt.com/usa/news/us-trade-deficit-percent-827/

https://www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm

http://www.economicpopulist.org/content/trade-deficit-jumps-159-487-billion-november-2012

Thus ends the mystery as to why millions of Americans had the hardest time
finding employment; especially those of a livable wage.

At this point, repeat after me:  "That's a lot of sweatshops."


A Crime Committed upon the Parent
is a Crime Committed upon the Child
and Visa Versa


An injustice thrust upon adults is one that is equally forced upon the children of those 

adults.  Poverty in the home of the parent is poverty in the home of the child.  Sweat-
shop labor imposed upon adults is an evil that also assails children.

See:  http://www.ilrf.org/stop-child-forced-labor/cocoa-campaign/news/as-profits-soar-chocolate-industry-fails-to-deliver-on-p

http://mediavoicesforchildren.org/?tag=forced-labor

'Forced to stand for 24 hours, suicide nets, toxin exposure and 
 explosions':  Inside the Chinese factories making iPads for Apple

http://www.dailymail.co.uk/news/article-2092277/Apple-Poor-working-conditions-inside-Chinese-factories-making-iPads.html

And it came to pass, as the first decade of the 21st Century progressed, that right
wing conservative business entities saw to it that religious objects and Christmas 
ornaments would be made in sweatshops.  The people tagged as the hard work-
ing moral majority negated the purpose for the coming of Christ, doing so in the 
name of sacred rites.  All the while,  they made money on interest-bearing instru-
ments and extremely cheap labor, doing absolutely nothing in the process.

And it also came to pass that no Christmas gift was being made at the North Pole 
by elves.  Rather, they were being made in Chinese and Bangladesh sweatshops by 
severely underpaid workers, some of whom applied razor blades to their wrists, in 
order to kill the pain that the Reaganite Moral Majority were collectively inflicting 
upon them.  

And it furthermore came to pass, as the 21st Century progressed, that millions held 
Christianity in contempt, being that millions were deceived into thinking that Ameri-
can Corporate Predatory Greed was the religion of the Nazarene rabbi who was put 
to a Roman death shortly after he drove Money Changers from the Jerusalem Temple.
When the Nazarene entered Jerusalem, the Jews placed palm branches before him.
Within a week, the Romans ended up driving nails into him.  Today, the right wing
masters of hypocrisy and greed crucify the Nazarene anew.

Humanity then became enlightened as to what the Protestant Work Ethic really is.  
It's the incessant practice of using African slaves, Irish Catholic immigrants, East-
ern European immigrants, Chinese sweatshop workers, and similar victims to do 
the Protestants' work for them.  

In the words of the woman who was once the premier expert in student loan con-
solidation, "Now, that labor's cheap, human life has become cheap." (in the eyes
of right wing moral majority conservatives.)  In the Nineteenth Century, the States
that comprised the Confederate South used local chattel slavery to achieve their
hallowed Protestant work ethic.  In the 21st Century, the same States and other 
ones used Slavery by Proxy, as in foreign sweatshop labor profiteering.  It's the
same Jefferson Davis hypocrisy, done in the name of "States' Rights" and the
"Moral Majority" which is neither moral nor a majority.

http://www.guardian.co.uk/law/2011/aug/27/disney-factory-sweatshop-suicide-claims

http://articles.businessinsider.com/2011-08-29/news/30018487_1_child-workers-factory-toxic-chemicals

http://www.dailymail.co.uk/news/article-2092277/Apple-Poor-working-conditions-inside-Chinese-factories-making-iPads.html
_________________________________________________________________

Historic fact:  In the month of August 2011, the Trade Balance Deficit with
China alone, increased  by 7.42%, to $29 billion.  This is the statistic for one
month of trading, in terms of goods and services.  This was a new record at the
time.   In as much, China came out on top for the 304th consecutive month, in
its trading with the United States.

Furthermore, the United States has not had a trade balance surplus in trading
with the Chinese Communist Dictatorship since April of 1986.  This amounts
to 28 years of money leaking into a dictatorship, by the billions per month.
America is a leaking ship soon to capsize.  It is now the Year 2014.  The
United States has gone over 335 consecutive months accumulating a trade
balance deficit, in commerce with China.

Here is the irony:  In August 2011, corporate greed breaks a new record, to the
detriment of the 90% of the rest of America.  The following month began the
showdown with corporate greed, in the form of the worldwide OWS movement.
FoxNews, in a predictable fashion, defamed the surprisingly peaceful people who
elected to assert their First Amendment Rights.  All the while,  official statistics
prove that the First Amendment people of Zuccotti Park were generally correct.
Greed has been destroying America all along, and sweatshop importation has
been the vehicle doing so.

http://www.economicpopulist.org/content/trade-deficit-august-2011-456-billion

Now, the most current news (at the time of this writing) is that the monthly
Trade Balance Deficit,, in trading with China, has decreased (narrowed) in
February and March 2013.  In fact, the total U.S. Trade Balance Deficit de-
creased.  Yet, it was still woefully significant ... detrimental to the US money
supply.   In January, the trade deficit in trade with China was $27.8 billion.  In
February, it was $23.4 billion lost to the quintessential sweatshop profiteer na-
tion.    In March, the amount lost to a China notorious for its civil rights abuses
was $17.8 billion.  Money lost to China, in unfair trade practices, for the first
three months of the Year 2014, in goods alone, was $153 billion.

http://www.tradingeconomics.com/united-states/balance-of-trade


http://www.census.gov/foreign-trade/balance/c0015.html
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The Laws Against this Type of Profiteering Were
Already on the Books, in United States Federal Law.


It wouldn't have required any courage for any public figure to have stepped

forth and initiate movements designed to end America's complicity with slave
labor profiteering.  This is because laws against it are already on United States
law books, as in Section 307 of the 1930 Tariff Act, along with the May 2000
amendment  to that act.   Both are found in 19 USC 1307.   How much does
NAFTA conflict with this? 

Despite the Law, Sweatshop Labor
Importation Has Been Rampant


There is a loophole in the 1930 Tariff Act.  The law doesn't prohibit the impor-

tation of indentured/slave/convict/forced labor products "which are not mined,
produced, or manufactured in such quantities in the United States as to meet the
consumptive demands of the United States."  In addition, there are recent trade
agreements that don't require the enforcement of morally needed international
labor laws.  This means that foreign workers stand in direct jeopardy of being
brutally abused, due to no present legal recourse, short of the Nuremberg case
law authority.  Plus, there is the allegation that the 1930 Tariff Act is not being
enforced.  

The evidence is publicly evident.  Sweatshop labor, forced labor, and plantation
labor is rampant throughout the modern world in general.  So, is the use of min-
ors as combat soldiers.  Many products made by laborers defrauded of their
wages have been entering American docks and airports for years.  It's equi-
valent to receiving stolen property on a grand scale.  It has robbed America
of its money supply. 

A 2007 National Labor Committee Report on Sweatshop Crucifixes 
http://www.nlcnet.org/reports?id=0014

A 2007 New York Sun Report on Sweatshop Christmas Ornaments
 

http://www.nysun.com/business/report-sweatshop-workers-made-wal-mart-ornaments/68008/

A 2007 News Report Issued by Reuters India on the Christmas Ornaments

http://in.reuters.com/article/worldNews/idINIndia-30958720071212

Additional Reading Material of Related Topics Includes:


A 2010 MWC News Article Reporting on the
Findings of the National Labor Committee

http://mwcnews.net/focus/analysis/862-global-sweatshop-wage-slavery.html

A 2011 News Article Reporting Disney Factory Sweatshop Suicides
 

http://www.guardian.co.uk/law/2011/aug/27/disney-factory-sweatshop-suicide-claims 

A 2011 News Article Reporting 8 Cent Per Unit Pay for NFL Shirts
Sold at $25 per Shirt:  This Translates into 72 to 92 Cents an Hour

http://www.globallabourrights.org/reports?id=0623

A 2012 News Article Reporting on Apple Iphones Being Made by
the Under-aged, in 16 Hour Daily Shifts, at 70 Cents an Hour
 

http://www.huliq.com/10282/apple-foxconn-electronics-manufacturer-blamed-chinese-child-slave-labor 

A Sweatshop Table of Contents of multiple reports
http://www.globallabourrights.org/reports

When You Liberate Others, You Liberate Yourself

A properly paid foreign worker has a way of increasing product demand for

Amercan products, even from a third party nation.  For example, properly paid
Chinese workers might only buy from Europe.  Increased European revenue
might result in Europe importing more from America, thereby bringing add-
ed income to America.  Such a thing puts American workers back to work,
assuming that the level of manufacturing will increase in the United States,
so that workers will be in demand.  Such a thing can also enable mid-sized
entrepreneurs to either compete in smaller scaled markets or more easily en-
ter the ranks of subcontractor, simply by virtue of increased demand.

Slave Labor Profiteering is Even an Injustice
to the Citizenry of the Nation that Engages in it
 


Foreign slave labor profiteering results in unfair advantages over the citizens
of the nation that practices it.   This is because those who profit from foreign
slave labor steal economic power from the multitudes, and in the process, they
steal multiple advantages from their fellow countrymen.   That is to say, they
cheat in order to get their standing in life, and that is unfair to everyone else.
After all, the average entrepreneur cannot compete with the low wage advan-
tage that these corporations use for their selfish gain, at the expense of the
US Trade Balance Account and the Gross Domestic Product, as well as the
per capita income.  Foreign slave labor profiteering, therefore, is even an
act of violence committed against an offending nation's own citizenry. 

A Coast to Coast Crime 

If you deny that you are part of this practice, simply go into your closet and
read the labels on your clothing.  Then go into your kitchen and read the la-
bels on your appliances.  Go next throughout your house, your place of work,
and elsewhere, reading the labels on the newer merchandise.  If you have any
merchandise from a sweatshop, then the practice of slave labor profiteering
has reached your life.

In addition, if you work for a sweatshop profiteering corporation, you're in-
volved.  You are an accessory to the fact.  This includes what you find un-
der your Christmas tree.

December 13, 2024

The Vicious WalMart Cycle

Let us begin with the Vicious WalMart Cycle:

WalMart has been importing slave labor merchandise since the mid-1990s.  It was
in the mid-1990s when Sam Walton died, along with his motto of "Buy American."
The exploitation of foreign labor contributed to the loss of America's livable wage
jobs by the millions, as well as the accumulative half-trillion dollar per year United
States Trade Balance Deficit, and the loss of 60,000 manufacturing outlets.

The people who lost their livable wages jobs could no longer afford basic household
necessities above the lowest priced items.  Thus, those who lost their livable waged
jobs on account of WalMart and other exploitative corporations ended up becoming
dependent upon the same WalMart and similar exploitative retail outlets who caused
the unemployment, in the first place.

The more powerful WalMart became, the more unemployed the American work-
force became.  The more powerful WalMart became, in its exploitation of foreign
labor, the more dependent upon WalMart merchandise became the unemployed 
of America, because they couldn't afford anything else in America's retail world.
WalMart and other unfairly advantaged corporations caused the unemployment
in the first place.   

As a result, overseas workers became WalMart's slaves, as well as did the workers
stationed on the lowest end of the American totem pole.  This is the Newt Gingrich
Catch-22.  Gingrich was the Speaker of the House when NAFTA came into being,
resulting in America no longer being a manufacturing nation.  Of course, the law
of nature is that any nation the size of a continent (possessing temperate climate)
must be a manufacturing nation or it will become a coast to coast version of Oliver
Twist's England.  Except for Dick Cheney & George Bush II, no one caused more
damage to America than did Newt Gingrich.

As a qualifying statement, international exchange ... if it's fair and non-criminal ...
is good.  In fact, it's a necessity.  However, being an accomplice to labor exploita-
tion is NOT cultural exchange.  It's the suffocation of it.
_____________________________________________________________________
1 Yi Jiao
Due to the Gingrich-based Republican Party of the 1990s, as well as the president from
the former slavery State of Arkansas, humanity saw an Arkansas-based WalMart trans-
form from a "Made in the USA" corporation into the most nightmarish labor exploiter
in world history.  Slavery made its way back to Southern living, via proxy.  It was a
suspicious coincidence that an Arkansas corporation gained retail mogul status during
the presidency of an Arkansas native.

Bill Clinton, the least democratic of the 20th Century Democratic presidents, mocked
those who objected to the crime against laboring humanity that he signed into law.  He
described the conscientious objectors as isolationists.  Bill Clinton committed defama-
tion and set the stage for the Battle of Seattle.  He made these people sound paranoiac,
illiterate, and inbred.

There was no cultural exchange occurring in the trade practices that the Gingrich Con-
gress authored.  Nor was there economic exchange, being that the exploited workers
of Central American and Asia could not afford to buy American.  It was one-way im-
porting and one-way buying.

Americans were expected to furnish their own American homes with merchandise from
China, Indonesia, Bangladesh, Vietnam, El Salvador, & Guatemala, as well as the cocoa
fields of the Ivory Coast.  But, workers from labor abusive nations were not expected to
buy American, in any type of fair exchange.  In as much, it was untold audacity to call
the new form of labor exploitation Free Trade.  Newt Gingrich and his associates need
to one day be brought to trial in an international court of law.  He and they need to be
Nuremberged.  He did nothing but destroy a lot of American dreams and created a lot
of foreign nightmare scenarios which even recently occurred in Bangladesh.

Wal*Mart's unfair trade advantage was the same unfair advantage given to all of the
U.S. corporations who ended up sending manufacturing overseas.  It was the same
unfair trade advantage that the slave-owning South had over the North.  That injust-
ice lead to an extremely bloody war.

The more powerful Wal*Mart became, in suppressing American workers' ability to
find livable wage work, the more dependent upon Wal*Mart became the cheated
American workers.  As far back as 2010, it was easily ascertainable that the five
principle Wal*Mart heirs held as much wealth as did the bottom 41.5% of Ameri-
cans.  In 2007, it was 30.5%.   The amount is approximately $89.5 billion.

The Wal*Mart heirs hold the money owed to underpaid sweatshop workers and cheat-
ed Americans who lost business opportunities and jobs.  Americans can't hired other
Americans at 85 cents an hour.  Incidentally, when slave labor importation began, it
began during the Reagan years.  The wage paid to the adult workers was 24 cents a
hour.  In 2010, Cantonese worker made 75 cents an hour.


One more thing:  A tree is known by its fruits.  If American corporate management
could get away with paying Americans as little as they do Bangladesh workers, what
makes you that they wouldn't do so?  The practice of paying extremely low wages in
America occurred throughout the 1890s and turn of the century.  The South spent a
number of centuries not paying their African workers.

http://www.politifact.com/truth-o-meter/statements/2012/jul/31/bernie-s/sanders-says-walmart-heirs-own-more-wealth-bottom-/

http://articles.latimes.com/2012/jul/18/business/la-fi-mo-walmart-heirs-20120718

http://www.huffingtonpost.com/allan-brawley/outsourcing-death-and-inj_b_3249148.html

http://www.takepart.com/article/2013/05/01/problem-walmarts-hunger-games

http://www.labornotes.org/blogs/2013/04/supply-chain-workers-tell-walmart%E2%80%99s-dirty-secrets

December 11, 2024

Intro: Selling Short, Put & Call Options, Futures Derivatives

Keep in mind that, during February of 2012, demand for oil was at a 15 year low 
in the U.S.  Yet, oil was at a record high, in price, for the same time span.  If you
already know how the oil price manipulation works, then feel free to proceed to the
following article which was written in the Winter of 2012.  In it are numerous links
to articles on the 2012 gasoline price gouging spree, written by those reasonably
versed in the topic:
 
          Petroleum Products: #1 U.S. export at record high prices for Winter,
                                      despite a 15 year low in demand.

There should be a law forbidding anyone to purchase oil unless he/she is going
to use the oil he purchases.  This is because the pivotal trick of the oil speculat-
or is to artificially cause a shortage of oil by requiring numerous barrels of it
to sit entirely immobile, in the wait to honor the futures contract delivery date.
The oil remains all dressed up with nowhere to go, being that the typical oil
speculator have no intention to warehouse and use the oil.

Furthermore, the 2016 price of gasoline in America proves that the FoxNews
guests were all lying in having stated that mankind would never even see gas
below $3 a gallon again.  Here in Pittsburgh, at the stations near Carnegie
Mellon University, Pitt, Chatham U, and Carlow Univ, gas is below $2 per
gallon.  Thus, the economics I was taught ... by an ad hoc committee mem-
ber of JFK's advisory staff was correct all along.

The FoxNews guests were simply lying, in the hopes to get people to resign
themselves to paying for unjustly jacked-up gas price.

Once again, the below-2-dollar-a-gallon pricefor gas in 2016 is a huge factor
in showing you how hideously deceived the common citizens of America and
elsewhere were for consecutive years.  It shows how artificial has been other
prices, including medical supply costs.

In as much, it would help the common citizen to have an introduction to a few
common forms of investigating, being that futures derivative gaming is what
caused the outrageously high price of gasoline during the Bush Economic
Meltdown.  There is no reason why civilized humanity needs to be fooled
again.

__________________________________________________________________

The original article:

2014 Gasoline prices were a déja vu of those of 2008.  Thus, knowing the cause
of the rise in prices then might might might help you understand one thing:

Simply because FoxNews states something, it doesn't mean it's anywhere near
true.  The Fox network claimed that the drastic rise in 2008 gasoline prices was
due to increased demand.  No.  It was oil speculators who horded the oil supply,
via futures contracts.  This meant that the needed oil sat idle, in order for the sup-
pliers to honor the delivery of future oil that was intended to go nowhere, being
that the oil speculators had no intention to use said oil.  They only wanted to sell
it at an inflated price.
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This covers a very brief and rudimentary review of the following:
 
1) Selling Short,  
     2) Put and Call Options,
          3) Oil Speculation in futures derivatives. 

Selling Short

In brief, the terminology refers to a broker leading you a block of stock of which
you are short and don't yet own.  The full amount of stock that you borrow is im-
mediately sold by you.  Yet, you intentionally remain in debt to the broker.  You
pay the broker for the stock later, at a designated time.  You hope that, by that
time, you will have to pay for the borrowed stock at a lower price.  One sells
short when he/she is gambling on the price of the stock to go down.

Selling short consists in:

1} literally borrowing a block of stock from a broker and immediately selling it
     to someone else,
2} followed by buying an equal amount of stock at a later time, at a different price,
3} thereby paying the broker.

This means that:

1} if the price of the stock goes down, you re-purchased it at a price cheaper than
     the price by which you previously borrowed it and then immediately sold it. 
     You have made a profit.

2} if the price of the stock goes up, you end up losing money, because you have
     to pay for the block of stock that you owe at a higher price.

Example:  You borrow 1,000 shares of Widgetville Inc. which cost $100 per
share.  You immediately sell that block of stock at $100 per share, for a price
of $100,000.  Thus, you have $100,000 on hand, to buy an equal amount of the
same stock later.  Then, when it comes time to buy an equal amount of Widget-
ville stock, it's price has already dropped to $90 per share.  This means that you
buy the 1,000 shares of stock for $90,000 and keep $10,000 for yourself.

Of course, you give the 1,000 shares of Widgetville to the stock broker who
originally lent you 1,000 shares of it.

The previous example in review:  1,000 shares of Widgetville borrowed ... You
immediately sold it at $100 per share for $100,000 ... 1,000 shares are purchased
by you later at $90 per share ... You paid $90,000 for the 1,000 share ... You keep
$10,000 for yourself, minus any fee and applicable dividend reimbursement.  The
1,000 shares of Widgetville Inc. are given to the broker who originally lent you
the 1,000 shares of it in the first place.

Remember If the stock price rises, you lose money.  For example, if the price
was hypothetically $110 at the time you purchased the new set of shares that
were to be given to the broker whom you owe 1,000 shares, you had to pay
$110,000.  You lost a hypothetical $10,000.

Until 2007, investors were forbidden to sell short, unless the price were above
the present stock price, or unless the previous stock price was lower than the
present price.  This was the uptick rule.  You could only sell after the price in-
creased, or you increased the price yourself, thereby permitting you to sell.

Calling the Short

Note that the broker may instantly require you to cover the price of the stock
you  borrowed.  It is solely done at his/her discretion.

Put and Call Options

Concerning a Put Option, it's a contract which grants the contractee the option
to sell a block of 100 shares of stock at a specific price, if the contractee elects
to do so.  The price is known as the Strike Price.   A Call Option consists in
having the option to buy a 100 shares of stock at the designated Strike Price. 

Oil Futures Derivatives

Oil Speculation, in the form of oil futures derivatives, is what artificially caused
the price of oil to skyrocket in 2008.  During this time, FoxNews had guests go
on air, stating the wrong reasons why the price of gasoline skyrocketed. 

The news show guests continued to state that supply and demand market forces
caused the sudden rise.  The invalidating feature of the FoxNews claim is that,
in the Year 2006, the oil supply was at an eight year high.  Yet, the price of oil
started its ascent into economic havoc.  The price should have dropped.  Thus,
FoxNews perpetuated a lie until a Senate hearing uncovered the true cause of
the price hike.

Oil futures consist in making a binding pledge to buy oil at a specified price at
a specific future date.  The 2008 crisis consisted in investors not looking to buy
oil, but to merely buy oil futures.  This is referred to as paper oil   This meant
that significant amounts of oil needed to be reserved for investors who had no
intention to use the oil.  This was the delivery aspect of futures derivatives.

This meant that oil was going to be kept away from oil consumers, in order to
honor the contractual obligation of the futures contracts.  As a result, a reduc-
tion in the oil supply was being artificially induced.  This, in effect, was the
hording of oil.   It was a game of keep-away from the oil consumer.   It was
the ploy of reducing supply, artificially.   The barrels of oil attached to spec-
ulator futures contracts were all dressed up with nowhere to go.  They were
the collectors' dolls never taken out of the box.

Deregulation, and NOT regulation, caused the price of oil to skyrocket.  In fact,
the Enron Loophole was basically the oil speculators' reporting exemption.     
See:



Incidentally, Texas Senator Phil Gramm's late night Enron Loophole simply
made it that oil futures contracts didn't have to be monitored by the CFTC
(Commodities Future Trading Commission.)  Thus, no one could tell if prices
were being manipulated, until it was too late.  As a result, the price of oil rose
to $137.11 in July 2008, and later to $147.27 a barrel.  Gasoline reached $4.09
a gallon.  Even in April 2011, the price of a barrel of oil was $113.93 or so.

Keep in mind that it was the deregulated speculators who caused oil prices to
rise.
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