by people you must mean "legal people" since corporations are protected by "religious freedom" in the U.S. even though corporations are not "natural persons." Corporations are emitting CO2 at 100 times the natural rate. These are not "natural disasters."
The plunge in the S&P 500 futures market was so steep before the stock market opened on Friday morning that the yield on the benchmark 10-year U.S. Treasury note sank below 4 percent, trading below 3.90 percent at one point. The loss in yield reflected a stampede into the benchmark security as a safe-haven play, pushing up the cost to purchase it and thus driving down its fixed coupon yield.
you have posted some interesting counterclaims. The word is spelled "corporeal" first of all. The U.S. constitution commerce clause and contracts clause gives "legal persons" protection by the Bill of Rights (for example the 14th Amendment has been legally applied more to corporations than to the African-Americans it freed from legal slavery). So after first making a judicial standing in the late 1800s (when the industrial revolution really took off from railroad bank government collusion). So your personal opinion agrees with the corporate law precedence that a corporation is alive? hahahaha. I think you mean noncellular life is not alive - like viruses.
As for "greenhouse gases by individuals" versus "corporations" - a corporation is considered a legal entity or "person" - so it's a logical error of types. It's the same error as stating there's no global population problem since each individual wants to have children. A couple deciding to have children do not consider themselves part of the human global population, therefore no population problem can inherently exist - it's a logical error of types. A corporation as a legal person entity therefore does not have any legal responsibility for the individual that make up the corporation. That's why for example the corporation that pushed a deadly epidemic of addictive opiods - knowingly so - is not legally responsible for the individuals that composed said corporation (individuals that made billions of dollars off the death of millions of people). "Since 1999, more than 1 million people have died from a drug overdose in the United States....Purdue, under the Sacklers' leadership, invented, manufactured, and aggressively marketed opioid products for decades, fueling waves of addiction and overdose deaths across the country."
people lived as hunter-gatherers for 1 million years - science has proven this and some hunter-gather cultures still exist. For example our original human culture is the San Bushmen in Africa from over 200,000 years ago - when they split with the "pygmies" of the equatorial rainforest 225,000 years ago. Hunter-gatherers live by the lunar calender and have a fluid definition of life as 50% of biodiversity exists in the equatorial rainforest (that also produces significant levels of oxygen for life on Earth). So homo sapiens split from Neanderthals and Denisovans some 800,000 years ago in Africa but then 50,000 years ago we interbred again with Neanderthals and Denisovans after we homo sapiens (people) left Africa. So about 10% of our genome is from "archaic" ghost homo sapiens and Neanderthals and Denisovans - again going back 1 million years of hominin DNA and archaeological history.In terms of CO2 emissions - we are going back tens of millions of years because we are burning up stored up photosynthesis energy that has to be sequestered as carbon and then turned into oil and coal. 86% of oil and coal comes from algae. Algae has been alive on Earth for 3.8 billion years and blue light algae has 100% energy transfer from photons to electrons via quantum nonlocal negentropy. But to convert the photons into carbon takes about 200 years of current CO2 emissions!! That means we are using up almost Two Earths every year in terms of burning CO2 emissions based on the "net primary production" of carbon sequestration by biomass on Earth.So before Humans invented farming 10,000 years ago after this current "stable warmth" of the Holocene period - humans as mammalian vertebrates were only about 2% of mammalian vertebrates in terms of life on Earth. But now with domestication of animals as livestock and domestication of plants spreading around Earth our human biomass is 97% of mammalian biomass with wild mammals only 3% of biomass.So when you say "nothing would exist if it were not for people" that aligns with the delusion of patriarchy as a plow-based farming religion that started 10,000 years ago and spread around Earth (mainly through Western genocide - like the Yamnaya peoples spreading into Europe around 3000 BCE or the chariots spreading into India around 1800 BCE).Now the arctic ice will be gone in the next five years even by mainstream science but probably even sooner since we have stored up an excessive 500 zettajoules of heat in the oceans since 1995 as global co2 emissions have spiked. There is 1200 gigatons of stored up ancient frozen methane in the world's largest ocean shelf - the East Siberian Arctic Shelf - and that methane is pressurized, so as the permafrost underwater melts, then the pressurized methane released to heat up the atmosphere very quickly.We now face "biological annihilation" since humans and livestock have destroyed 50% of the population of wildlife - the "corporeal life" that you say exists - including invertebrates and vertebrates - including marine life (80% destroyed already) and phytoplankton (50% destroyed already).
So the RAND corporation published a study proving the elite "transferred" wealth as unearned income profits to the tune of $50 trillion since 1975. Even Time magazine covered it.
You are being paid at least $26,000 a year less than you would have had income distributions held constant.
. According to a groundbreaking new working paper by Carter C. Price and Kathryn Edwards of the RAND Corporation, had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the aggregate annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone. That is an amount equal to nearly 12 percent of GDP—enough to more than double median income—enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Every month. Every single year.
Price and Edwards calculate that the cumulative tab for our four-decade-long experiment in radical inequality had grown to over $47 trillion from 1975 through 2018. At a recent pace of about $2.5 trillion a year, that number we estimate crossed the $50 trillion mark by early 2020. That’s $50 trillion that would have gone into the paychecks of working Americans had inequality held constant—$50 trillion that would have built a far larger and more prosperous economy—$50 trillion that would have enabled the vast majority of Americans to enter this pandemic far more healthy, resilient, and financially secure.
.............................But it's the FED that drives this wealth inequality! Now the Drumpf Regime is trying to "break" the FED by crashing the economy - instead the Drumpf corporate fascist billionaires are just extracting more profits as an unearned regressive sales tax. Since you can't take blood from stone, this regressive tax is revealing the unearned income scam that props up Wall Street - speculative finance betting (derivatives, futures, stock buybacks).
Now consider how the Federal Reserve Bank of New York (New York Fed) and Congress take care of Wall Street.
On September 17, 2019 the interest rate on overnight loans (repo) made between banks and other financial institutions spiked from the typical 2 percent to 10 percent. There was no coronavirus COVID-19 outbreak anywhere in the world at that point. There were no skyscrapers collapsing on Wall Street. There was no national emergency of any kind to warrant bailing out Wall Street. But within 24 hours the New York Fed had pumped $53 billion to the trading houses on Wall Street. No questions asked. No clogged phone lines. No paperwork to fill out. No standing in lines. No asking Congress for a vote. Just $53 billion created out of thin air by the New York Fed and instantly funneled out to Wall Street’s trading houses with the push of an electronic button.
Over the next six weeks, the New York Fed pumped out more than $6 trillion in below-market rate loans to Wall Street’s trading houses – without one single hearing being held in Congress to investigate what was going on. And, again, there was no national emergency, just bloated behemoth banks on Wall Street with dodgy financials afraid to lend to one another – the exact same situation that brought on the financial crisis in 2008 that led to a $29 trillion secret bailout by the New York Fed that lasted for two and one-half years.
Last year’s repo bailout by the New York Fed is still ongoing but it is now just one of a mind-numbing number of programs the New York Fed has rolled out to bail out Wall Street banks and trading houses. Once again, the money is flowing effortlessly to Wall Street in the trillions of dollars while 10,000 people waited in lines last Thursday in San Antonio, Texas in 90-degree heat to get food from a food pantry.
The Wall Street programs are not going to last for just 4 months or to the end of the year as are the CARES Act’s programs for workers. They are going to last longer than they did during the 2008 financial crash.
The New York Fed’s Term Asset-Backed Securities Loan Facility (TALF) will last three years. The Primary Market Corporate Credit Facility (PMCCF) will last for four years and buy up investment grade as well as junk-rated corporate bonds to shore up the balance sheets of mega banks on Wall Street. The Secondary Market Corporate Credit Facility (SMCCF) will last for five years, buying up everything from investment grade to junk corporate bonds as well as junk-rated exchange traded funds (ETFs).
Just how is it that the New York Fed knows that it will need these “emergency” programs to be around for four and five years when the coronavirus outbreak is expected to end within months.
Adding outrageous insult to injury, Congress saw fit in the CARES Act to provide $454 billion of taxpayers’ money to go into this alphabet soup of Wall Street programs to backstop any losses they suffer. Once again, just as in 2008, Wall Street has privatized the profits for the one percent and now the losses will be socialized to workers on Main Street, where 16 million job losses have occurred in just the past three weeks.
Mainstream media has been negligent at informing the public of these outrages by Congress, the Federal Reserve and the New York Fed. Wall Street On Parade began in-depth coverage of this latest Wall Street looting on September 18, 2019 and has chronicled each new development in more than six dozen articles. You can access this free archive here.
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