Proof Apples blowout profits from slavery-no U.S. jobs

We have been banging away at Apple, Inc. for awhile now as the most reprehensible U.S. Corporation knowingly profiting off slavery while at the same time screwing the country that gave it the freedom to engage in Free Market Capitalism.  In fact our contention would be that Apple, inc. should be declared an enemy of the state and brought up on International Human Rights charges.

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Before we go into the multi page document released by the New York times to day, lets review it's recent earnings blow out put into perspective by Tech Crunch (Emphasis ours):

Apple added $38 billion in cash to its reserves just in the past year alone, as Horace Dediu points out. They now have $97.6 billion in cash and equivalents. $64 billion of that is offshore, Apple CFO Peter Oppenheimer stated during the call — meaning, it would cost money (taxes) to bring it back into the U.S.

Apple’s cash hoard alone is worth more than all but 52 companies on Earth, as Dennis Bermannotes. 

Apple is now the biggest Corporation in America. Once again over taking EXXON.  It know sports a 400+ billion dollar market cap.  Yet still would rather hoard 64 billion of ill gotten gains offshore to insure it keeps every penny of those ill gotten gains!

Apple’s revenues, while massive, are nothing compared to a company like Walmart, which reported$109.5 billion in revenue last quarter. BUT that $109.5 billion only turned into $3.3 billion of actual income for the quarter. In other words, Walmart has more than double the revenues of Apple, but Apple has more than four times the profits of Walmart. That’s remarkable.

Apple’s profits place them on this exclusive list of the most profitable quarters among corporations. You’ll note that Apple is the only company on the list that’s not an oil and gas company. And they’re a “mere” $3.2 billion from the top spot.

We do not find that all that remarkable considering Wal-Mart employ's a significant amount of Americans and much of it's earnings end up circulating in the community where it's stores are located.

A Simple Solution To Restore Sanity to Congress

NOT

VOTE THEM ALL OUT!  We have proposed this solution in the past. Maybe it was to far away from elections to get any traction.  Then again, maybe we are just crazy and don't make sense.  But then were o.k. with that. Because we prefer our insanity to the senseless battle over which crooks will gain control of congress.  The Republican crooks, or the Democratic Crooks.  So at the risk of validating that our initial insanity wasn't an anomaly, we shall lay out this simple plan once again. Throw it against the bits and bytes and see what sticks, so to speak.

O.K. You with us?  Here's how it works.

Come the next election we vote every incumbent out. Republican, Democrat, or Independent. It does not matter. Any current office holder gets booted.  Yes that means you maybe a liberal voting for a conservative or vice versa.  It doesn't matter.  Because two years later, at the next election, we do the same thing.  Which will mean in three years time we will have effected two complete roll overs in congress.

Now what is the one thing politicians want to do? Keep being politicians.  Crazy as this may sound, our thinking is that when they see how the American people can turn the government around in three years time, they just might begin to listen.

Now as we begin this little exercise we communicate that a few things must happen and until they do we will continue this tactic.

1. No more financial settlements for people who break the law.  These financial settlements allow them to do two things.  Make a profit off of breaking the law and allows them to keep breaking the law because the profit is greater than the consequences.

2.  Somebody has got to go to jail. And not just a piker like Maddoff.  The Attorney General  must file charges and bring the people responsible for the 2008 crash to trial. Again, No more allowing them to bribe their way out.

3.  No more bank bailouts.  Any bank or corporation that participated in activities that helped to cause the crash must begin to return the bailout money to the taxpayer.  The purpose  of the size of the bailouts was so that they could begin to lend money again to help the economy.  Instead they have kept it and invested it in themselves.

4.  At the very least, the Patriot Act, the National Defense Authorization Act and Citizens United must be repealed (Yes we know Citizens United is a Supreme Court issue).  Supreme Court Justices Scalia and Thomas must be investigated for taking payoffs to rule against the FEC.

5.  American Corporations  may not keep more than minimum working capital offshore.  They must bring the surplus back home and pay the full tax rate.

Corporations who insist on doing business with our enemies or countries that engage in slavery, environmentally hazardous workplace environments, child labor and or human rights abuses contrary to the Constitution of these United States shall cease such practices or be asked to move to the communist country or dictatorship of their choice.

Our bet is, that when the politicos see we are serious we will see change occurring.  And we will continue to roll the congress over every two years until such time as we get Representatives who truly represent us!

In fact, we kind of think this action would work at the state and local levels as well.

WE HAVE THE POWER!  If we can stop fighting each other long enough to take on the real enemy!

POWER RESIDES IN THE PEOPLE, THEY CAN USE IT ANYTIME-GHANDI

Republican or Democrat, why would anybody want to be one

  Awhile back we made a few posts about congressional insider trading (see: 60 minutes on congressional insider trading, the cesspool of traitors ,   Rep Bachus makes Boehner and Pelosi look like probies and  Congress thinks were stupid with phony insider reform to name a few). Now for those unfamiliar with insider trading here's a brief explanation. Simply, insider trading is when somebody, usually a principle, gains information through inside sources about a stock before it is made public knowledge, calls up a broker buddy and say's hey look this is going  happen. The broker calls some of his/her privileged friends and gives them the info so they can get a jump on everybody else.  Their are people who will pay big bucks for that information so that they can illegally use it.  This is illegal and for most carries a stiff fine and possible jail.

Except for one group of people, CONGRESS!  Thats right, that which is illegal for all the rest of us, is not illegal for our trusted servants.  Now after the 60 minutes expose many in congress were quite embarrassed and legislation was introduced to make congress follow the same laws as everybody else.  Anyone know how far that legislation got?  Anyone want to guess?  NOWHERE!

Heather Ireland, the best you haven't heard yet

Ever Since Heather Ireland played a free gig for the Patriot Guard Riders and Vietnam Vets we like to now and then throw her some props. She is still paying her dues. It ain't easy coming out of a small southern Georgia backwater town. But let me tell ya something. You get a chance to see these people live, we suggest you take it
 

To the Women of Protest-we salute you

 In conversation related to the Occupy's and other protests around the world the role of women as propagators of social change is often times not given the billing it deserves. But the fact is, women have been fighting for freedom and social change much longer and some might argue harder than men. After all many of the injustices suffered by women have been at the hands of men. If one were to study U.S. history alone they might be surprised just how important and fierce advocates for freedom women are.  Martin Luther King often gets the credit for leading the blacks from bondage.  But it was a woman, Rosa Parks, who struck the fist blow.

So when we ran across these photos on Cyptome we thought, in this time of world wide chaos, we would take a moment to salute women of the world who are not afraid to stand a line against oppression.  Or any other cause for that matter.  Hopefully this will not be the last post of this nature. So
to the ladies, to borrow a term from the 60's we say, RIGHT ON!

 Protesters perform during demonstrations against the influence of bankers and financiers in front of the Reichstagsgebaeude on October 15, 2011 in Berlin, Germany. Thousands of people took to the streets today in cities across Germany in demonstrations inspired by the Occupy Wall Street protests in the United States. Activists are demanding an end to the free-wheeling ways of global financial players whom they see as responsible for the current European and American economic woes.





Egyptian soldiers arrested a female protester during the second day of clashes in Tahrir Square in Cairo on December 16, 2011.  Reuters