Greg's Newsletter

The Law and Cronyism

When our government decides what should be prosecuted or not by the rule of law, it should be dealt evenly throughout the legal system. When exceptions are made, we have begun a downward slide, respecting less and less the rule of law (If they can get away with it why not me, if I know the right people?).

Cronyism has become the way of life in Washington but when a handful of people and corporations all but destroy our economic system and have so much influence nothing is prosecuted , our system of justice has lost its credibility. Unfortunately in the banking and financial industries, that is exactly what we are seeing. With the state of our economy and knowing how we got here, why are the top executives not being prosecuted for the obvious mishandling of our nation’s wealth? We are not seeing any legal pursuit to expose the top corporations and executives responsible for this economic disaster we are living through.

As I have searched for answers for the lack of prosecutions which I believe is the greatest problem facing our legal system, I came across an investigation of how the cronyism has gotten to a point of unbelievable proportions. This will blow your mind!

http://g-a-i.org/wp-content/uploads/2012/08/DOJ-Report-8-61.pdf

This may reflect on the current administration but all these economic problems went down in the Bush administration and there were no high level prosecutions during that administration either. So don’t just point at this administration, it is a system of cronyism pervasive through out the entire political system. The largest of Washington influences pretty much have a green light to do what ever they want.

As we sit and watch our sports, TV shows, and all the other distractions, our nation is experiencing some of the greatest tragedies ever facing us and there is no out cry, that can be heard nationally, to stop this flagrant, in our face, lawlessness being perpetrated on the American people. Folks, as we stay distracted from these major problems, we will wake up one day and realize our nation has been compromised to the point of economic collapse. If you think that is not possible, you have already been duped into believing everything will be just fine, it will just go away and fix itself. I doubt if many of my readers believe this but there are a great many of our citizens truly have no idea how precarious our economic system is.

Greg Goodwin

Listen to http://www.radiotroy.com/  It is on from 7:00am EST to 10:00am EST Monday through Friday. Because of how they have their website setup, it takes about a minute to connect to his show, it’s worth the wait.

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* Update* Trans Pacific Partnereship

Update on the Trans Pacific Partnership:

 

http://thenewamerican.com/usnews/foreign-policy/item/11775-mexico-and-canada-invited-to-join-the-secret-tpp-negotiations

The Secret TTP (Trans Pacific Partnership)

This video is from the left media group Democracy Now and even though they try too soft pedal this egregious international trade agreement, Obama and his bunch is going right along with it, just like Clinton and Bush went along with NAFTA (How has that worked out for our unemployment problems?) NAFTA is child’s play compared to this:

http://www.democracynow.org/2012/6/14/breaking_08_pledge_leaked_trade_doc

Yes, we need less regulation but as I have said, we need the right regulations to level the playing field in the free enterprise system, NOT regulations to advantage the ones with the most political and economic power. Do not get confused with a free enterprise system and international corporatism, one is how the USA became the most dynamic economy in world history and the other is a type of Fascism which will destroy the very economic fabric which created the United States of America.

Greg Goodwin

Listen to http://www.radiotroy.com/  It is on from 7:00am EST to 10:00am EST Monday through Friday. This is your chance to become part of the discussion of the issues facing our country.

**** You have my permission to send my newsletter out to anyone, any media, or any email list as long you leave it the same way I published it and the publishing credit goes to me, Greg Goodwin. **** 

 

To subscribe or unsubscribe email: gregmer@comcast.net

Commentary on Markets and Breaking News from Washington

Commentary

I am amazed and disappointed how the financial systems and the world’s mentality have been manipulated to think that bailouts and government intervention into the financial systems is a good thing. As I watch the markets go up and down with the policies of governments determining who they are going to bailout or not, whether it be banks, corporations, or governments, the stock markets go up and down and the commodity market typically inversely tracks the stock market. There are major problems with this approach of governments intervention into what used too be a free enterprise system.

 

The major problem with these bailouts is non-productive monies, money created by governments along with their central banks. In the past and will prove itself in the future, money generated through buying and selling of goods and services is the only way to bring the world economy back on its feet, not money created by governments along with central banks. It is not only inflationary but puts more and more control of the economic systems with governments and central banks and the banks primary dealers, who determine where those monies go. Additionally the only ones reaping the real benefits of this approach are the governments and central banks and their primary dealers.

 

Sure the stock markets and commodity markets are making money as they go up and down but again, it is not productive money, just buying and selling paper. At least the commodity markets you can have real assets you are buying and selling (something you can touch or hold in your hand) but that too have become very heavily buying and selling of paper. It is somewhat working for now but when this paper house of cards comes falling down again, and it will, 2008 will be revisited and I believe much worse.

 

These markets, instead of investing in the potential of companies and commodities to grow and investors grow with them, it has become a gambling casino betting, hedging, and speculating on short term movements in these markets. This mentality of these markets does very little for the economy as whole but only benefits those gaining from these movements. For instance, corporations in the past used to mainly rely on their selling of their stock to grow the corporations where in the last few decades they have been relying more and more on banks for that expansion capital. With the credit markets being so tight, those monies aren’t as available today as they were and as a result, they too have jumped into the hedging and speculating game and it has been more of a priority to do this than to reinvest in the structures of their corporations. The result is corporations are being run by bean counters and investment people instead of experts in their fields of their given marketplaces. Obviously corporations need the financial types in the upper levels of management but as far a directing corporate direction, the last twenty years have proven this direction of mainly bottom line mentality hasn’t worked out well for the entire economic system.

 

This mentality within the largest of corporate America of turning to bailouts and government influences has caused the economic system to be influenced and directed by fewer and fewer economic powers. It has to stop and go back to the basics of economics and that is buying and selling of goods and services and expand their businesses through market growth, not government intervention. If they don’t succeed in their business endeavors, they have to fail and let the healthy companies prosper and compete within that market, not having them bailed out. As we have seen in the banking industry, bailing them out not only burdens the market but the economic system itself. Until failure is an accepted part of business for the biggest of corporations, the government, the central banks, and their primary dealers will have more and more control until they dictate everything in all the markets.

 

Remember, a free enterprise system is just that, a system of trade where the markets determines the outcome of a company not government determining the winners and losers, as they do more and more everyday in today’s business world. The only place for government is minimally regulate markets and the free enterprise system, to level the playing field for all involved with it. Not regulating and bailing out of the most influential of the economic system.

 

Breaking News

 

I truly believe the real systemic risk to the free enterprise system is the largest of banks, financial institutions, and other large corporate entities, in collusion with the central banks and government to bail them out while destroying much of the rest of the free enterprise system. If you don’t think so, check this out and you will see what I mean. The good ole’ boy system at its worse:

http://readersupportednews.org/news-section2/318-66/11895-sanders-releases-explosive-bailout-list

 

Greg Goodwin

Election Influences

Here are Mitt Romney’s top contributors for 2012:

http://www.opensecrets.org/pres12/contrib.php?id=N00000286

 

Oh yeah, remember Bain Capital, Romney’s company? Well, guess who they traditionally contribute too?

http://www.opensecrets.org/usearch/index.php?q=bain+capital&searchButt_clean.x=36&searchButt_clean.y=29&cx=010677907462955562473%3Anlldkv0jvam&cof=FORID%3A11http://www.opensecrets.org/usearch/index.php?q=bain+capital&searchButt_clean.x=36&searchButt_clean.y=29&cx=010677907462955562473%3Anlldkv0jvam&cof=FORID%3A11

 

Here are Obama’s for 2008. (The reason I give you his 2008 so you will see who influenced that Presidential election):

http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638

 

Here is Obama’s for 2012: (Hum, where’s the banks?)

http://www.opensecrets.org/pres12/contrib.php?cycle=2012&id=N00009638

 

So as we fight over the Republican / Democrat thing, follow the money and you will see who puts who in the White House (For that matter, all political positions are influenced by money). If we don’t get the money out of politics, “We the People” will never have a real voice who will be “OUR” President. How do we do that? As I wrote in an essay in 2005, an FCC license is not a right, as with driver’s licenses, it is a privilege. By formulating a balanced method to do it, the broadcast media and print media business licensing have to donate “X” number of hours of unbiased broadcast time and unbiased print space for the election processes or they don’t get their licenses. This can be a major step in that direction.

For those who push back on this idea, remember, the political system along with the media has created this political and media environment and look what it has done to both. Politics are sold too the highest bidder and the media have a left or right bias to it, not just reporting with facts and let we who listen and read, make our own determination on what they present.

We have to take the control of our country back for “We the People” or we will continue to see the influences of this beloved nation of “OURS” being manipulated for the benefit of the most powerful influences.

One final thought, always be mindful of “Cognitive Dissonance” The mental conflict that occurs when beliefs or assumptions are contradicted by new information.

Greg Goodwin

 

Listen to http://www.radiotroy.com/  It is on from 7:00am EST to 10:00am EST Monday through Friday. This is your chance to become part of the discussion of the issues facing our country.

 

**** You have my permission to send my newsletter out to anyone, any media, or any email list as long you leave it the same way I published it and the publishing credit goes to me, Greg Goodwin. ****

Karma at J.P. Morgan

Folks, the chicken’s are coming to home to roost at J.P. Morgan (Karma does work) and they have lost billions through Credit Default Swaps. In the 1990s a person at J.P. Morgan, Blythe Masters, designed a investment vehicle called “Credit Default Swaps” and by now most of you had heard of this term. What it is, it is basically an insurance policy on your investments. The reason they didn’t call it “Investment Insurance” is because they would have been tied to the insurance regulations nationally and individual states. It was a method to bypass those regulations and that sure worked out well, NOT!! Just as the Mortgage Backed Securities were bundled into supposed assets and sold on the Stock Market to bypass the mortgage regulations. By now you should all realize that this one caused the Great Recession we are currently living through along with the Credit Default Swaps and other investment vehicles which in the short term yielded a ton of money but in the long term, it has brought the USA and many other nations around the world to their economic knees.

http://www.businessinsider.com/and-now-we-know-the-truth-about-wall-street-its-kids-playing-with-dynamite-2012-5

 

We have an out of control financial system with the government complicit in it, at the out set of these vehicles and continuing today, now with the ball rolling down the hill faster and faster towards a financial system crashing at the bottom of that hill, the government is stalled with partisan politics, election season, and a group of politicians who do not know what to do too stop it. De-regulation is a fallacy but the right regulation to even the playing field without outside influences (Lobbying and Soft Money) is the answer. Also we need experts who understand how the free enterprise system should and has worked, before these self serving influences all but destroyed the world’s financial systems. Politicians can’t do it, they proved they can’t but unbiased experts leading the legislation can.

 

Greg Goodwin

Banking System Going to Court

Folks, there is a person going after the banking system in court. It may seem like an insurmountable task but he has taken this course and more countries should follow his lead. I wish it was started here in the USA but it didn’t. I wonder if the MSM will pick up on this story?

http://www.youtube.com/watch?feature=player_embedded&v=_30xJbYq5KE

 

He knows what he is up against but has been diligent in his pursuit of this, without lawyers, which is another thing that is happening all around the world, knowledgeable people taking these issues to court without lawyers and adhering strictly to the law. As my friend and candidate for US Congress in the 2^nd District here in Tennessee, Joe Leinweber Jr., (he is not a lawyer) has worked with and guided many people through the questionable activity of the largest of the national banks have done with the Mortgage Backed Security debacle, to save their homes. Not getting their homes for free but trying to correct the inequities with their mortgages, the largest of national banks have perpetrate on these folks, through the Mortgage Backed Securities and other issues connected with them.

 

Joe too is fighting a tough battle, trying to unseat a 24 year incumbent and 50 years of family dynasty in this seat of the US Congress but after the results of the primary in Indiana with Richard Lugar, we know it can be done. I will be assisting him with his campaign as Treasurer and when he wins, I will go to Washington with him as his Chief of Staff. Joe is a Constitutionalists with an in-depth knowledge of the Constitution and with my knowledge of the financial world, we will make one hell of a team for the people.

 

Greg Goodwin

Stock Market and Algorithisms

Folks, does anyone know why the stock market was created? The simple answer is a place where to invest in a company, you or an investment organization believed, would do well in the marketplace and you would make economic gains in that investment through that company’s knowledge and marketability. Which in turn gave that company capital to expand, research, purchase capital equipment, and other things which a company would need to grow. This is how our country became the most dynamic economy in world history. Think of Apple and Microsoft for examples. The people who got on the ground floor of these companies got returns beyond their wildest dreams.

 

The markets are not like that anymore, now it is algorithms and super computers that control the markets and not just the stock market either, most financial markets. The initial purpose was not only to make money but to invest in something which improved the overall marketplace and benefits which enhanced our overall economy. Now the financial markets are controlled by algorithms and super computers, where making money the ONLY thing which is the goal now:

http://www.washingtonsblog.com/2012/04/84-of-all-stock-trades-are-by-high-frequency-computers-only-16-are-done-by-humans.html

 

Currently corporations are mostly directed by the MBA (bean counters) mentality of short term gains, so much is being lost in creativity in the market place. It also unfortunately opens the door for gains, through these super computers and algorithms, for insider trading in milliseconds and vehicles like naked short selling which to this point, is illegal in most countries and very difficult to track. These are not good but what really bothers me, because of my engineering research background, creativity within the marketplace has been all but eliminated.

 

I know the I-phones, computers, and things like these seem like we have advanced but it is just applications from silicon technology developed in the late 1940s and microelectronics has been the most creative and competitive. Just think where we would be if the basic research dollars were spent in other industries like energy.

 

Development and creativity is what made this economic engine run, not just profits but I believe this current batch of CEOs do not know how to compete except buying out the competition or controlling the markets they are in. Market controlled capitalism is not how we became the most dynamic economy the world has ever seen, a true free enterprise market is how we did it, through competition and creativity.

Greg Goodwin

Transfer of Wealth

April 18th, 2012

We here a lot about transfer of wealth now-days, see where much of it is being transferred to.

  

Washington DC growing, expanding and one of the hottest housing markets and highest paid employees, per capita, in the country today.

Detroit, dying what used to be one of the centers of American middle class prosperity.

Being a Conservative Independent, I have seen how the political system has brought this nation to where it is today, not just one side or the other. As each political side blame the other side for where we are today, they are both correct.

As our nation is under governmental and financial attack of our freedoms as never before but instead of unifying to challenge these entities we are fighting each other over political positions, where both sides have contributed to where we are today. It makes no sense. We must find common ground to bring our country together and make government to work for the American people, once again. Neither political side nor the banking and financial industries are concerned about us, except as resources for their own self serving goals. If you don’t believe this, why is this continuing?

http://theeconomiccollapseblog.com/archives/the-too-big-to-fail-banks-are-now-much-bigger-and-much-more-powerful-than-ever

Folks the other disturbing fact is, the financial vehicles which caused the recession in 2008 are still in place. Knowing they were the cause of the Great Recession of 2008, why are they still there? Isn’t it obvious? My Newsletter’s motto tells why. “In Washington, when money talks, our freedom walks”

Greg Goodwin

Economic Power Shift

April 14th, 2012

Folk as I read a story like this one, it tells me the economic can is running into trouble kicking it down the road anymore, as the Western World Banking Cartel wants. The IMF (just for one) cannot continue, with short sightedness, to fund the Western World’s Banking Cartel without giving something up and in this case, the Western World’s Banking Cartel is giving up its world’s economic position, the chickens are coming home too roost:

http://www.firstpost.com/fwire/imf-funds-drive-caught-in-global-power-shift-275895.html

And who is standing in the wings to take over that economic position? Yep, our good old buddies the Communist Chinese. Gee who would have figured this?

http://www.reuters.com/article/2012/04/14/us-china-cbank-yuan-band-idUSBRE83D02020120414

This is just more proof that the self serving Western World’s Banking Cartel was and is so interested in saving themselves, they will lose the game but the real unfortunate thing is, We the People will lose the most. Oh yeah, keep thinking the Republicans and Democrats, as they are today, will save us. They are the ones continuing to borrow from these cartels to support their drug habit of DEBT. I guess it is going to take a complete collapse of the economic system, with the Chinese directing the recovery for their benefit, for people to figure out there is something wrong with the way things have been done in Washington, by both parties. Wouldn’t that be interesting?!

The game of politics is showing how unimportant it is, as it is today. As I have said for years, “It’s all about the money.” And by now most of my readers know this, so let’s get everyone else to understand. I like the Stars and Stripes flying over our nation, not five stars on a red background. (The large star symbolizes the Communist Party (which rules China) and the smaller stars represent the people of China).

Greg Goodwin