Below is a list of local community citizens who are supporting Ray Cerda. Click the picture to enlarge.
Below is a list of local community citizens who are supporting Ray Cerda. Click the picture to enlarge.
In the face of one of the worst economic environments in memory, those in the highest income groups had nearly full employment levels, with just a 3.2 percent unemployment rate for households with over $150,000 in income and a 4 percent rate in the next-highest income group of $100,000-plus.
The two lowest-income groups -- under $12,500 and under $20,000 annually -- faced unemployment rates of 30.8 percent and 19.1 percent, respectively.
Official figures put unemployment in the United States somewhere between 9 and 10 percent. But the official figures use a very different measure for unemployment than was used during the Great Depression and for many decades afterwards.
This means many Americans won't be rehired unless they're willing to settle for much lower wages and benefits. Today's official unemployment numbers hide the extent to which Americans are already on this path. Among those with jobs, a large and growing number have had to accept lower pay as a condition for keeping them. Or they've lost higher-paying jobs and are now in a new ones that pays less.An excellent summarization of the unemployment issue done by Washington's Blog last August - The Rising Tide of Unemployment in America: How Bad Will It Get, And What Can We Do?Yet reducing unemployment by cutting wages merely exchanges one problem for another. We'll get jobs back but have more people working for pay they consider inadequate, more working families at or near poverty, and widening inequality. The nation will also have a harder time restarting the economy because so many more Americans lack the money they need to buy all the goods and services the economy can produce.
It is obvious to me that the Fed has abrogated it's responsibility in overseeing Holding Companies and Financial Institutions. Once the Fed is nationalized, then we need to inspect the various Financial Institutions to discover where fraud has been committed in dealing with the derivatives issue and then render those contracts null and void. We must clean up this derivatives system in order to restore the viability of our financial system.2) I agree with Tarpley and others who believe in a few simple steadfast underlying financial benchmark rules:
a) No more Adjustable Rate Mortgages.3) When it comes to fixing the local community economies in the United States:
b) No more Pay Day Loans and Usary laws need to be reinstituted and enforced.
c) Full regulation of Collateralized Debt Obligations (CDOs) and outright banning of Credit Default Swaps.
d) Limit the size of banks in some manner. We need to get away from the too big too fail scenario.
e) Reinstitute some form of Glass-Stegall to insure that Holding companies are limiting risks.
f) There should be a reserve requirement that obligates a financial institution that creates an instrument to hold a certain percentage of that instrument.
g) Institutional trading should be taxed (I believe at 1%). The "Too Big to Fails" created this mess. They need to pay to clean it up.
a) It is time to institute fair trade policies at the national level. No more "Free for All" trade.Do You Believe in the Pledge of Allegiance or is it just a ritual? Why do you say it, if you don't believe what it stands for? I would certainly respect you more if you don't say it, because you don't believe in it.
b) Create a local stock exchange, in which inhabitants of a community can invest in local businesses for capital generation.
c) Create a Micro-Lending syndicate in which entrepreneurs can obtain small capital, short term loans.
d) Invest in local educational infrastructure by creating partnerships with local businesses to offer mentoring and scholarships.
e) A transformed investment model should take into account what impact an investment has on the community. Any investment needs to have a positive impact on what Catherine Austin Fitts terms the "Financial Eco-System" as well as yourself. If you make money, but everyone around you goes broke as a result of your investment, have you truly increased your own wealth?
f) We need to move away from trying to control symptoms of our structure of governance and finance and move towards relating the framework of the structures to modern society.
g) Don't let politicians try to buy you with you and future generations money, after all it is our money not theirs. It is time for accountability and for investments to be logical. Investments should create value.
h) It is time to get unreliable information and data out of our lives. Turn off the TV and start delving into information yourself to get a more well-rounded picture of the subject of study. Corporate media outlets have an agenda and agendas impede intellectual growth.
i) Decrease your debt. Debt comes with strings. The less debt one has, the more liberty one has. Invest in tangible non-perishable assets, such as non-perishable food and food production systems, water filtration, and methods to get off the electrical and financial grid.
j) The greatest investment that one can make is in their being - mind, body, and spirit.
A Junk vehicle does not display a current license plate. If it does have a current license plate. then it can't be considered a Junk vehicle. The vehicle is partially dismantled or wrecked, cannot be self propelled in the manner in which it was intended, or it is more than 5 years old and worth less than $100. The only change they propose is to change the value from $100 to $500.





