Black People : Who is EARNING Your Paycheck?

Discussion in 'Black People Open Forum' started by Metaverse, Sep 17, 2008.

  1. Metaverse

    Metaverse Well-Known Member MEMBER

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    Most Black folks don't play on Wall Street. So as the dow jones results scrolls across the screen- who really cares? It doesn't effect the hood when there is tension in stock market. What does effect the hood? Payday. That's all that really matters to most of us, since most of us are living from paycheck to paycheck.

    As we speak, millions of Americans are holding on tightly to every dollar, hoping that the coming election will change the climate of the economy. The situation was dire from the time Bush entered office, but the doom was peeking from the time America decided War and the quest of Iraq's oil supply was more important than fixing the economy.

    If you are one of the millions of people hoping for a President to fix America, perhaps you are also used to the sound of your own heart breaking. Presidents are only the ones that get the blame for policies and procedures that are already in the works.

    But a President can indeed inspire us to do more for ourselves than previously.
    The real truth is that we are the Government.

    What's going on in America currently? As one commentator stated: "It's like the ghost of Saddam Hussein has cursed the very bloodline of currency and soul of American prosperity."

    Perhaps that statement is very close to the truth, seeing that the act of killing Hussein also set a tone in world foreign affairs. We still get our oil from some of Hussein's best buddies. So is it a coincidence that the price at the pump rises and falls at their will?

    Of course not everyone is "hurting" right now due to the American economy, just the important folks. While wealth does trickle down from the top, that wealth is gathering together through several different systems that earn the paycheck of the working class.

    The important folks are the ones that spend their entire check on "things" without them, there is no economy- because if everyone held their money in banks, bonds and stocks like the wealthy and rich there would be no flow of currency so wealth couldn't build up in the first place.

    Now in truth, it's impossible to "run out of money" on a collective level -that would be like running out of inches- because money isn't consumed like food it's past from person to person- system to system. If people are spending millions on things, then where is the money going? This could only mean that the places where money pools and populates is either being held up or re-directed into another foreign system.

    The paycheck you've earned is the paycheck you can keep. So who is earning your paycheck?

    The real President of America is the flow of currency, we vote every time we purchase a product or service. This is what determines what systems stay in place and what systems die.

    America has a very strong dependency on "foreign" products and services. Actually America is in no place to bully anyone around the America and especially not India or China and especially not Japan. As other countries around the world are growing wiser, stronger and more economically independent like China is it a wonder that the American economy is growing more unstable?

    To see the realities of such, and to do some deep investigation, let's look at the average working family. The average family in America earns under $40,000 a year. Less than 25% of that income is saved or invested- usually in a 401K, IRA or life insurance policy- a few mutual funds here and there. The paycheck of an average family is earned by Rent/Mortgage and bill collectors. The rent paid to a Landlord or bank goes towards the larger banking systems that inturn invest in America properties, policies -wars- and foreign trade.

    Your bills, your phone, gas, electric, water, cell phone, cable/satellite - all of these companies in some way are outsources services to foreign countries like India. Sometimes that representative on the phone is on the other side of the planet. The servers that control the internet and cell phone providers- most of them are in Non-US locations.

    The next paycheck earner down the line is food and clothing/personal and household items. Oil and the price of gas effects the rate by which food and clothing is bused throughout the metropolis empires of America. The price of food and clothing and materials is directly related to how these items are distributed. So the quality of America's foreign affairs also affects how fast and how much food goes into our bellies.

    At the end of the day, or at the end of our pay- after Rent, bills, food, clothing and a few other items here and there- then we ourselves pay for transportation, education and entertainment- all of which still goes back into a system that is failing.

    For most of us perhaps the economy hasn't shifted much. We are only affected by the price at the pump, the price of those items affected by oil. Some of us have stable 9-5 jobs in Corporate America that don't filch much because of what happens on Wall Street or your street. But for some workers,- overtime is no longer an option, hours are being cut back- because their employer has to deal with the growing rise in the cost of doing business.

    As more and more companies feel the pinch, more and more companies will fold, only to preserve the wealth they have accumulated. This is the American way.

    Just ask a local small Business person in your community, this is how we find out how things are really going, because if it affects the small business person it will affect everyone else since the spine of the American economy is small business. Ask the folks at the local flea markets and the those selling on the streets.

    Now, since wealth trickles from the top- at any moment the Wealthy and Federal banking systems could declare a "state of emergency" among themselves and begin stimulating the economy by forgiving debt and cutting back on interest rates- at least doing enough to keep the beating heart of the economy beating at it's natural pace. They must do all they can without "frightening" investors in America and around the world. But since greed corrupts the logical mind, this is impossible. Those with power do all they can to keep it- period.

    And even if they did that, that would only be a quick fix. Just as Enron fabricated it's earnings and success, for years America has been fabricating it's earnings and success as well- now other countries are wising up to the deception. "It looks like you need us more than we need you- Uncle Sam" these counties seem to be saying. America's desperate fight to control the world is now seen as a sign of weakness.

    While America claims to have the strongest military on Earth, that military is held up by the working poor. And if the working poor have to stay in the military to earn money for their families, war itself will end up being their single act to bankrupt the American economy.

    Is this the death of Capitalism and American prosperity? That would depend on the American working class. The earning of a paycheck is important to the flow of life, and as more and more people lose their jobs with no hope in sight, there seems to be only one alternative to the problem in which the US Government seems very ready and able to pursue.

    [​IMG]

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  2. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    I disagree with your initial point for several reasons. The most obvious would be that "paycheck to paycheck" for the mass of unemployed is not a reality. And for most of the working class the paycheck is not enough so most live...


    "credit to credit".

    Wall Street collapse earlier in the past century caused many to lose businesses, savings and farmland which forced many to migrate further west.

    With the banking crisis many Black folks who have little to no savings are now dealing with tighter credit restrictions and not even able to pay for essentials such as food, transportation and utilities.

    One more thing. As US markets are collapsing dont think that China and Japan are faring any better in their exchanges. I will give one example which I have discussed in these threads before.

    PETROCHINA CO LTD (PTR)

    If you check AOL Financial there is a link for Top 10 Institutional holders.

    At the top of the list is Barclays GLOBAL Investors, the same company which today was mentioned as possibly taking over one of the institutions I mentioned today in an earlier thread.

    From this check the Top 10 Mutual fund holders. DFA Emerging Markets and Delaware Emerging Markets Fund.

    PTR is the same Chinese firm thats doing business in African. Darfur region to be exact.
     
  3. Metaverse

    Metaverse Well-Known Member MEMBER

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    Very good point Bro. OM. "Credit to credit" is definitely the case. So American debt is basically the status quo. I'm amazing that it's possible to live off credit cards, yet there are allot of business people who also borrow money just to stay in business and as these loans go unpaid this also effects Insurance and banking giants. That $20-$75 dollars that most people pay their credit card companies doesn't seem like allot, but what happens when thousands of people start having to cut back to paying back their loans in order to make ends meet?

    I would say countries like China and India will get hurt from the fall of some American companies, only because they are attached to most of them. However we must keep in mind that most of these countries are major producers, the point is America is not a major producer just a major consumer. I guess the relationship makes sense- America consumes what other nations produce- but what happens when that rate of consumption slows down? Or better yet, what happens when such countries figure out more intelligent ways to deal with an American bully?
     
  4. DARKSIDE MAGICK

    DARKSIDE MAGICK Well-Known Member MEMBER

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    CHAOS

    BEEN TELLING PEOPLE FOR A FEW YEARS TO GET READY TO MOVE OR STAY AND FACE WHAT IS ABOUT TO HAPPEN. I TOLD PEOPLE TO MOVE TO BRAZIL AS SOME PEOPLE I KNOW DONE ALREADY LEFT AND MOVIE TO BAHIA BRAZIL.
     
  5. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    My point here is that US and BRITISH Neo-colonialism are a reality. Fo example, take the "japanese" firsm SANYO. My Dad hipped me to this one.

    STANDARD OIL OF NEW YORK.

    Who are their Top 10 Mutual funder holders?

    Exclusively WELLS FARGO.

    Oh...this brings one back to CBOE MORG STANLY OIL SVCS IN ($MGO.X)

    The point here is that with heavy investment from Wells Fargo, Barclays, Citigroup, etc when these INVESTMENT firms collapse there goes billions of dollars in foreign INVESTMENT into Foreign markets.

    This entire GLOBAL system is on brink of collapse.

    My point here is that it is TOO LATE for these countries to find more intelligent ways. Capitalism is MARKET GLOBALIZATION (ie neo-colonialism).

    The LAST stage of Imperialism.
     
  6. Omowale Jabali

    Omowale Jabali The Cosmic Journeyman PREMIUM MEMBER

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    Well bruh perhaps more would listen if/when you lead by example. Myself, Im still here cuz I got responsibility to Family. But I have "divested" from this economic "system" as much as I can and am learning to survive on "bear bones". Im sure you know how difficult that is in LA.
     
  7. ZeroPoint

    ZeroPoint Well-Known Member MEMBER

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    I read a statement that the church has always had the exoteric and the esoteric......The exoteric was for the masses and the esoteric was for those "elite" enough for GNOSIS....I believe the exoteric and and esoteric is in everything. This is probably what Freud was hinting at with the CONSCIOUS/UNCONSCIOIUS theory
    [​IMG]

    Most of the occut information deals with spirituality ... but people rarely talk about the "occult" concerning politics / media / finance etc...

    REMEMBER : OCCULT JUST MEANS HIDDEN

    Meta a while back hinted at this stating that
    Prisoners are sold on the stock exchange THATS OCCULT INFORMATION ...

    Whole blocks in inner city communities are brought for under six figures THATS OCCULT INFORMATION ...

    You can't scream reparations while calling yourself an African-American because why would the United States pay it's own "Citizens" - THATS OCCULT INFORMATION

    So considering that, let's look at the occult side of what's going on concerning the financial state.. and remember everybody in a hoo-haa shows they aren't looking at the whole picture... It's not America that's falling ... It's the American DOLLAR ...

    Remember it's time for that next step ... They have been working on NAFTA for over ten years now ... It's about time for them to introduce the AMERO and the NAU overall ... in which the DOLLAR will HAVE to fall ... they're working it more ways than one ... considering there are certain businesses in NY that allows you to purchase with EUROS ...

    Aseer The Duke of Tiers made a interested theory when he said that the next "President" won't be the President of the US but the Leader of the NAU.

    [​IMG]

    Exactly what change is he talking about??

    [​IMG]
     
  8. Metaverse

    Metaverse Well-Known Member MEMBER

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    I guess the best way to really understand what's going on globally is to find out how many countries have really placed all of their eggs into the basket of Capitalism? We know they participate, what we don't know if how much of their systems depend on it.

    There was a full report done recently on the growth of India's and China's economy. The reason why I am highlighting this is not really to expose the idea that America's dependency on foreign countries is milking the system- but to show that our ~paychecks~ the money we are making is perhaps helping to finance
    America's eventual downfall.



    China- then Japan and then India- these are the fastest growing economies as well speak. Japan has the 2nd largest world economy. While the US is still in the lead- as least this is what they tell us statistically...the US is only a top producer in the Services sector, not in the industrial sector or agricultural sector. That's a major problem. This means that as the US begins to "outsource" most of it's service contracts to India? What happens? The last Ace is compromised.

    There are 3 types of economic systems: the planned economy, the market economy and the mixed economy. America is a mixed economy, whereas we have both capitalist and socialist economic systems at play. Capitalist -- plan, Socialist -- market.

    A socialist market economy is practiced by China. India is also a market economy. Japan is a mixed economy focusing on private enterprise.

    But don't take my word for it, listen to someone who has a PhD in Economics.
    http://www.equitymaster.com/DETAIL.ASP?story=5&date=9/25/2003

    America's greatest fear is that these 3 world powers will join hands and decide to sing a verse of Kumbaya it will never forget. This is another reason America is flexing it's muscles around the world.

    The slogan for "change" has become magnificent in both the Obama and McCain camp. "Change" is all you have left once your dollars are spent. We know all too well about change, remember Bush was campaigning behind change too, and that he did.

    What we are looking for now is positive growth- keep your change.
    Africa is seeing positive growth in many sectors as well.

    It's nothing wrong with an average Man and Woman doing an average job for an average pay and taking care of his life and family. And things aren't as bad yet, but it could become much worse. How much more suffering can Black folks take?
     
  9. ZeroPoint

    ZeroPoint Well-Known Member MEMBER

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    SOMETHINGS BOILING ON THIS POST ... two posts hinting at the same thing at the same time ... I think we're getting somewhere??
     
  10. Metaverse

    Metaverse Well-Known Member MEMBER

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    ZeroPoint- Brotha you are very good at reading minds! I'm watching my back!!
     
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