If we wish to talk the talk of human rights and equality, we must also walk the walk. Today, bloggers around the world are uniting to bring focus to human rights. In the US we are a privileged few who have most (not all) rights granted to us. We are the largest, most powerful, privileged few and because of this we must provide the example for others in our actions – they do speak louder than our words.
The old saying goes that the definition of insanity is “doing the same thing again and again expecting different results.” There is talk now of more money needed to keep the big banks afloat. It has become apparent that Bank of America “needs” billions of dollars more (roughly $34 billion, with a B). If it didn’t work the first time, why should it now?
The total number is believe the be around $450 million in bonuses, given (for incredibly poor behavior) as “retention bonuses.” Seems to me their employees are not going to find jobs elsewhere, so a retention bonus is superfluous at best and deceptive at worst. That is nearly half a billion in taxpayer money given to greedy CEOs already worth more than the average American will make in their lifetime.
The U.S. Federal Reserve is our nation’s bank, created at the beginning of the last century (big thanks to President Wilson) to centralize our banking system and stabilize our currency. It is quasi-public, having both private corporations and public agencies with controlling interest.
“The Fed,” as they call it on the street, controls our money, interest rates, “supervises” banking institutions, and has other means to inflict chaos into our economy. Despite being a blend of private and public the Fed keeps its business behind locked doors. It is hard for a government by the people, for the people to have a functioning banking system if they have no control or oversight of it. We should do something about it!
The US has Twice as many shopping centers as high schools
A blog that I frequent, Make Wealth History, posted this video and I feel that I must post it as well. We live in a society full of information that produces little knowledge. Why? Because we are inundated with advertisement, spin, and false information.
Media is yet a another part of our society that should be independent and not influenced by a need for profit. However we allow a few giant, greedy companies to tell us the “truth.” What we are told is only what will sell, not necessarily the whole story or the truth. There are good sources of information out there, go look for them! Watch this and think about it…
AIG paid more than 20 times the average US yearly income to executives in bonuses.
We own a substantial amount of companies that were on the brink of going under not to long ago. Now they are trying to defend what they call “retaining” bonuses: extra money to keep on executives. These are not the average “good-job, here’s a grand” bonuses that most professionals might be accustom. These are more than $1,000,000 bonuses. That is 20 times the average yearly income in the US – in a yearly bonus! 52 people who received these payouts are no longer with the company.
“We have created a system for growth that depended on our building more and more stores to sell more and more stuff made in more and more factories in China, powered by more and more coal that would cause more and more climate change but earn China more and more dollars to buy more and more U.S. T-bills so America would have more and more money to build more and more stores and sell more and more stuff that would employ more and more Chinese …