A look at the inevitable, and one of our possible future paths to get there.
Read more at http://investmentwatchblog.com/what-power-does-the-fed-have/#CjEvJWKXVZa8EYua.99
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War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people.
Only a small ‘inside’ group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.
In the World War [I] a mere handful garnered the profits of the conflict. At least 21,000 new millionaires and billionaires were made in the United States during the World War. That many admitted their huge blood gains in their income tax returns. How many other war millionaires falsified their tax returns no one knows.
How many of these war millionaires shouldered a rifle? How many of them dug a trench? How many of them knew what it meant to go hungry in a rat-infested dug-out? How many of them spent sleepless, frightened nights, ducking shells and shrapnel and machine gun bullets? How many of them parried a bayonet thrust of an enemy? How many of them were wounded or killed in battle?
Out of war nations acquire additional territory, if they are victorious. They just take it. This newly acquired territory promptly is exploited by the few — the selfsame few who wrung dollars out of blood in the war. The general public shoulders the bill.
And what is this bill?
This bill renders a horrible accounting. Newly placed gravestones. Mangled bodies. Shattered minds. Broken hearts and homes. Economic instability. Depression and all its attendant miseries. Back-breaking taxation for generations and generations.
For a great many years, as a soldier, I had a suspicion that war was a racket; not until I retired to civil life did I fully realize it. Now that I see the international war clouds gathering, as they are today, I must face it and speak out.
U.S. companies still dominate the arms market by a large margin, with six among the top 10 arms sellers. In the top 100 arms-producing companies, 39 are based in the United States, and U.S. companies accounted for more than 58% of total arms sales among the top 100. U.S. company arms sales in the top 10 alone made up 35% of total arms sales among the top 100. By contrast, Western European companies, which make up the rest of the top 10 arms producers, accounted for just 28% of the total top 100 arms sales.
Profile for 2014 Election Cycle
CONTRIBUTIONS: $0
LOBBYING: $520,000 (2014), $460,000 (2013) (ranks 614 of 4,065 in 2014)
REVOLVING DOOR: 9 out of 10 Thales Group lobbyists in 2013-2014 have previously held government jobs.
Profile for 2014 Election Cycle
CONTRIBUTIONS: $446,850 (ranks 696 of 16,793)
LOBBYING: $1,754,000 (2014), $1,965,500 (2013) (ranks 303 of 4,065 in 2014)
Contributions to candidates: $342,550 (for a list of recipients, click here)
Contributions to Leadership PACs: $18,100
Contributions to parties: $86,200
Contributions to 527 committees: $0
Contributions to outside spending groups: $0
The total of contributions to candidates from Finmeccanica SpA PACs is 24 times larger than contributions from individuals.
REVOLVING DOOR: 21 out of 34 Finmeccanica SpA lobbyists in 2013-2014 have previously held government jobs.
Profile for 2014 Election Cycle
CONTRIBUTIONS: $2,105,245 (ranks 124 of 16,793)
LOBBYING: $15,738,000 (2014), $13,900,373 (2013) (ranks 13 of 4,065 in 2014)
Contributions to candidates: $1,769,400 (for a list of recipients, click here)
Contributions to Leadership PACs: $199,250
Contributions to parties: $124,470
Contributions to 527 committees: $10,625
Contributions to outside spending groups: $1,500
The total of contributions to candidates from United Technologies PACs is 19 times larger than contributions from individuals.
REVOLVING DOOR: 52 out of 70 United Technologies lobbyists in 2013-2014 have previously held government jobs.
24 Congressional members own United Technologies shares (for the list, click here).
Profile for 2014 Election Cycle
CONTRIBUTIONS: $365,752 (ranks 855 of 16,793)
LOBBYING: $3,288,178 (2014), $3,749,750 (2013) (ranks 156 of 4,065 in 2014)
Contributions to candidates: $259,322 (for a list of recipients, click here)
Contributions to Leadership PACs: $83,500
Contributions to parties: $22,930
Contributions to 527 committees: $0
Contributions to outside spending groups: $0
The total of contributions to candidates from Airbus Group PACs is 4 times largerthan contributions from individuals.
REVOLVING DOOR: 42 out of 57 Airbus Group lobbyists in 2013-2014 have previously held government jobs.
General Dynamics is one of the nation’s top defense contractors, assembling virtually every type of military machinery engaged in modern combat. The company builds warships, nuclear submarines, tanks and combat jets, not to mention the command and control systems that link all of these technologies together. The company has lobbied hard to encourage lawmakers to step up appropriations for the Navy, one of the company’s biggest clients.
It has fought attempts to shrink the nation’s fleet of submarines and warships, thereby helping block Defense Department attempts to shift that money to other facets of the nation’s land and air defenses.
Profile for 2014 Election Cycle
CONTRIBUTIONS: $1,974,599 (ranks 140 of 16,793)
LOBBYING: $10,720,923 (2014), $11,066,974 (2013) (ranks 27 of 4,065 in 2014)
Contributions to candidates: $1,405,525 (for a list of recipients, click here)
Contributions to Leadership PACs: $401,300
Contributions to parties: $162,974
Contributions to 527 committees: $4,350
Contributions to outside spending groups: $5,450
The total of contributions to candidates from General Dynamics PACs is 6 times larger than contributions from individuals.
6 Congressional members own shares in this company (click here for the list).
REVOLVING DOOR: 96 out of 133 General Dynamics lobbyists in 2013-2014 have previously held government jobs.
Northrop Grumman is the fourth largest defense contractor and the world’s largest builder of naval vessels as of 2010. As a member of the miscellaneous defense industry, Northrop Grumman specializes in aerospace systems, electronic systems, information systems, ship building and technical services.
Northrop Grumman focuses much of its efforts securing government defense contracts and earmarks. During the 2008 election cycle, people and political action committees associated with Northrop Grumman contributed more than $2 million to federal candidates and committees, favoring Democrats slightly.
Profile for 2014 Election Cycle
CONTRIBUTIONS $4,050,624 (ranks 45 of 16,793)
LOBBYING $10,216,960 (2014), $20,590,000 (2013) (ranks 28 of 4,065 in 2014)
Contributions to candidates: $2,613,112 (for a list of recipients, click here)
Contributions to Leadership PACs: $1,194,560
Contributions to parties: $231,602
Contributions to 527 committees: $6,000
Contributions to outside spending groups: $5,350
The total of contributions to candidates from Northrop Grumman PACs is 9 times larger than contributions from individuals.
REVOLVING DOOR: 32 out of 49 Northrop Grumman lobbyists in 2013-2014 have previously held government jobs.
6 Congressional members own shares in this company (for the list, click here).
Raytheon is a major American defense contractor that specializes in defense and homeland security technology. As the world’s largest producer of guided missiles, Raytheon specializes in manufacturing defense systems and defense electronics.
A member of the defense electronic industry, Raytheon is most active lobbying on defense, homeland security and federal budget appropriation issues. Until 2008, individuals and political action committees associated with Raytheon had favored Republicans in campaign contribution giving, but after Democrats won both chambers of Congress and the White House, the defense firm favors Democrats, giving 55 percent of campaign contributions to Democrats and 45 percent to Republicans in 2008
Considering that access is needed when securing large government defense contract, it’s of little surprise that Raytheon spends millions of dollars each year lobbying the federal government. Raytheon is the primary manufacturer of Tomahawk cruise missiles, dozens of which have been used by U.S. and British military forces in strikes against targets in Libya during 2011.
Profile for 2014 Election Cycle:
CONTRIBUTIONS: $3,588,668 (ranks 58 of 16,793)
LOBBYING: $6,250,000 (2014), $7,650,000 (2013) (ranks 65 of 4,065 in 2014)
Contributions to candidates: $2,131,300 (for a list of recipients, click here)
Contributions to Leadership PACs: $1,212,783
Contributions to parties: $236,498
Contributions to 527 committees: $6,037
Contributions to outside spending groups: $2,050
The total of contributions to candidates from Raytheon PACs is 11 times larger than contributions from individuals.
REVOLVING DOOR: 51 out of 67 Raytheon lobbyists in 2013-2014 have previously held government jobs.
8 Congressional members own shares in this company (click here for a list).
Profile for 2014 Election Cycle
CONTRIBUTIONS: $1,360,369 (ranks 210 of 16,793)
LOBBYING: $3,920,000 (2014), $4,635,000 (2013) (ranks 124 of 4,065 in 2014)
Contributions to candidates: $931,389 (for a list of recipients, click here)
Contributions to Leadership PACs: $301,750
Contributions to parties: $120,980
Contributions to 527 committees: $5,500
Contributions to outside spending groups: $3,250
The total of contributions to candidates from BAE Systems PACs is 9 times largerthan contributions from individuals.
REVOLVING DOOR: 27 out of 36 BAE Systems lobbyists in 2013-2014 have previously held government jobs.
Boeing is the world’s top manufacturer of commercial airplanes, including well-known aircraft such as the 787 and the 747. The company is also a leading military supplier, making fighter-bombers, transport planes and the Apache helicopter.
Along with rival Lockheed Martin, the company regularly lobbies Congress to win military contracts and increase defense spending. Boeing is a major supporter of free trade, especially in Asia, where it has focused on selling more planes. The company also lobbies on environmental rules and transportation regulations, among other issues.
Boeing is also a large recipient of government loan-guarantees, primarily coming from the Export-Import Bank of the United States.
Profile for 2014 Election Cycle
CONTRIBUTIONS: $3,227,934 (ranks 67 of 16,793)
LOBBYING: $16,800,000 (2014), $15,230,000 (2013) (ranks 10 of 4,065 in 2014)
Contributions to candidates: $2,536,149 (for a list of recipients, click here)
Contributions to Leadership PACs: $398,276
Contributions to parties: $252,685
Contributions to 527 committees: $33,749
Contributions to outside spending groups: $79,325
The total of contributions to candidates from Boeing PACs is 6 times larger than contributions from individuals.
REVOLVING DOOR: 83 out of 115 Boeing Co lobbyists in 2013-2014 have previously held government jobs.
17 Congressional members own Boeing shares (click here for the list).
Lockheed Martin is the nation’s top defense contractor, the brains behind such high-tech military hardware as the F-16 jet fighter and a variety of land and sea missiles. In 2001, the company landed the biggest defense contract in history when it was named the main contractor for the Joint Strike Fighter.
Considering that access is the name of the game when securing such lucrative contracts, it’s no surprise that Lockheed splits its campaign money equally between Democrats and Republicans. All told, NASA and the Defense Department account for roughly 80 percent of the company’s annual sales.
Profile for 2014 Election Cycle
CONTRIBUTIONS: $4,132,497 (ranks 44 of 16,793)
LOBBYING: $14,581,800 (2014), $14,516,226 (2013) (ranks 16 of 4,065 in 2014)
Contributions to candidates: $3,001,928 (for a list of recipients, click here)
Contributions to Leadership PACs: $897,425
Contributions to parties: $219,086
Contributions to 527 committees: $5,585
Contributions to outside spending groups: $10,373
The total of contributions to candidates from Lockheed Martin PACs is 7 times largerthan contributions from individuals.
REVOLVING DOOR: 69 out of 109 Lockheed Martin lobbyists in 2013-2014 have previously held government jobs.
In the George Orwell classic 1984, there is a state of perpetual war between the nations of Oceania, Eurasia and Eastasia. The enemy in the conflict is ambiguous, and the battlefield exists in an elusive and distant land. The enemy could be Eurasia one day, and Eastasia the next, but that location is really insignificant.
The mission of perpetual war for these superpowers is to justify psychological and physical control over their populations, to keep their people busy, fearful and hateful towards the enemy. The perpetual war also serves as an excuse for a nation’s failings and shortcomings. The economy, the labor force and industry are all centered around war rather than consumer goods. People live a miserable existence with poverty and no hope of improving their standard of living.
…there are many domestic threats that seem to pose a greater risk to national security, including the U.S. economic system itself.
If we are to have a perpetual war, it must be a war against injustice and deprivation at home and abroad. We need to get our own house in order, rather than demolish and rebuild other nations that did not invite us there. And as far as the so-called terrorism problem is concerned, maybe we should stay out of other folks’ backyards and it will go away.
TO HELL WITH WAR!
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By choosing to educate ourselves and to spread the word, we can and will build a brighter future.