Category Archives: Economics

France Declares 60% of its Debt Illegitimate, Paving the Way for Re-systemization of Banking Structure

France Declares 60% of its Debt Illegitimate, Paving the Way for Re-systemization of Banking Structure

” the committee for a citizen’s audit on the public debt issued a 30-page report on French public debt, its origins and evolution in the past decades. The report was written by a group of experts in public finances under the coordination of Michel Husson, one of France’s finest critical economists. Its conclusion is straightforward: 60% of French public debt is illegitimate”

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Trashless Restaurant!

Trashless Restaurant!

“Owner and operator Justin Vrany personally ensures that any waste the restaurant creates receives the proper disposal: biodegradable materials get composted, cardboard goes to recycling, and so forth.

After two years, Sandwich Me In had produced eight gallons of waste; that’s what an average restaurant throws out in a single hour. Faced with this existential dilemma, Vrany gave the waste to an artist for a sculpture project, officially making the sandwich shop a zero-waste establishment.

In addition to its garbage policies, Sandwich Me In also operates on renewable energy and uses local, sustainable meat. The best part? All of the sandwiches cost less than $10, which goes to show that these policies don’t have to break the bank.”

Federal Income Tax is Voluntary, Admits IRS Director

Federal Income Tax is Voluntary

“Federal income tax in the US

(and in many other countries with a Rothschild-controlled Central Bank) only goes towards paying off the national debt. Outrageous as it may be, there is not a single cent of all the income taxes collected from US citizens that goes towards a single service or benefit the US Government provides. Want proof of this? The Grace Commission released a report in January, 1984, under US President Ronald Reagan, which stated that “100% of what is collected [in income taxes] is absorbed solely by interest on the Federal Debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.””

McDonalds Managers Instructed to Intentionally Deprive Workers of Wages Earned

McDonalds Managers Instructed to Intentionally Deprive Workers of Wages Earned

Sign petition here http://lowpayisnotok.org/mcdonalds-theft/?utm_campaign=LowPay&utm_medium=partners&utm_source=robbed-0401-MoveOn

“I call on McDonald’s to pay all employees the wage they deserve – and ensure that no employee is having their pay withheld illegally. On March 13, workers at restaurants in New York, California, and Michigan brought lawsuits against McDonald’s and franchisees against illegal pay practices. From forcing employees to work off the clock, to denying breaks, to cutting overtime pay, withholding pay makes it all the harder for fast food workers to pay their rent and care for their children. No one deserves to be robbed by their boss – it’s time to make sure every McDonald’s employee receives the legal wage they deserve.”

GMO Soybeans Produce Lower Yeild Than Non-GMO Alternatives

GMO Soybeans Produce Lower Yeild Than Non-GMO Alternatives

“even the lowest of the top five non-GMO producing soybean countries, Guatemala, still had a higher yield in terms of kilograms per hectare than the number one GMO soybean producer, the United States. The U.S. is where GMO soybeans originated and began to spread to various other countries, especially South American countries where lobbying was strong and a large profit was to be made off of GMOs and accompanying sales of the controversial Roundup herbicide.”

Will 90’s Syndrome Lead to the Collapse of the Chinese Economy?

Will 90’s Syndrome Lead to the Collapse of the Chinese Economy?

“Fuelled by a steady diet of cheap money, these companies kept adding capacity with no regard to profitability or return on capital. They simply focused on producing more stuff and expanding their size. They employed more people, and everyone was happy.

But, all the while, they were borrowing more and more money, until eventually they collapsed under the debt load when liquidity dried up.

Before Korea, the exact same thing happened in Japan, and a giant, unsustainable debt binge brought the “miracle economy” to its knees.”

JP Morgan Settles $400 Million is Law Suit, All of the $ Goes to Insurance Company, None to Families Who Suffered

JP Morgan Settles $400 Million is Law Suit, All of the $ Goes to Insurance Company, None to Families Who Suffered

” JPMorgan Chase & Co (NYS:JPM) will pay $400 million to settle lawsuits brought by bond insurer Syncora Guarantee Inc (PKN:SYCRF) over toxic mortgage-backed securities, according to the insurer.”

The cases are Syncora Guarantee v. EMC Mortgage Corp, U.S. District Court for the Southern District of New York, No. 09-cv-3106; and Syncora Guarantee v. JPMorgan Securities, Syncora Guarantee v. EMC Mortgage, and Syncora Guarantee v. EMC Mortgage, New York state Supreme Court, New York County, Case Nos. 651566/2011, 650420/2012 and 653519/2012.

Switzerland’s Simple Idea; Support Your Citizens so that they can Contribute More to their Country’s Culture

Switzerland’s Simple Idea; Support Your Citizens so that they can Contribute More to their Country’s Culture

“Switzerland may start paying every adult (whether they work or not) a salary of over $2000 per month, based on the idea that their citizens will have more time to devote to things they are intrinsically interested in, instead of spending the majority of their time worrying about how they are going to survive, as many individuals with entry level positions find it hard to meet their needs.  The income initiative promises every Swiss citizen a living wage , so they can always survive without basic financial worry.”