Well…I know inflation is on the mind of most people here in the US that aren’t independently wealthy, and I also know that fox news and everyone on the right is lying about the causes….like housing prices that have been affected by the industrialization of home purchasing by REITs and other big purchasers who have been snapping up starter homes to turn into rental units and who can afford to pay more than individuals since they can just raise the rents to ensure their profit margins….and this scramble by these corporations have shut most low income buyers out of the market and caused the crazy price increases that have even affected the house that I bought a year ago…I mean a house that I bought for 90K a year ago is now worth 140K? That is just nuts. When we look at food prices, lets use the example of Kroger whose revenues and profits are up over 40% in the past year and how do they use those increased profits? By increasing CEO pay, stock buybacks, and increased dividends, not by holding the line on prices…again taking advantage of the pandemic by transferring wealth to the rich while most of their employees can’t afford their rent anymore. Kroger is not alone…throughout the economy, corporations are blaming higher prices on supply chain issues or a whole host of other problems but the real reason is pure greed…all of them are taking advantage of small hiccups in the economy to steal as much as they can while the media falls behind in their reporting or just believes the lies and reports them…it’s easier than doing their jobs and reporting the truth….and if there is not profit taking going on, why are oil companies more profitable than they have been in years? They love the fact that OPEC is shouting about raising oil prices by restricting supply when that has no effect on American oil production or refining for retail customers of gasoline….but gas is at it’s highest price in 8 years as are the profits of the oil companies…just plain old price gouging that they are allowed to get away with…so when the right whines about inflation, you can be sure it is only a lie to attack Biden and his administration since their big donors are doing just fine and love them some of that sweet, sweet inflation that allows them to steal more than normal…geez…
Tag Archives: greed
Soccer and greed…
Well…as you know, I’m a big soccer geek with a great affinity for the Premier League in England, so if you don’t care about soccer, you can wait til later when I do a political one…go ahead, I won’t mind…I really can’t say that I’m sure you’ve heard about this…that the richest teams in Europe tried to create a new league called the super league that would allow them to insulate themselves from competition and the thing that makes the Premier League so cool…that, if you have a bad season, you can be relegated to a lower league and have to fight your way back to the Premier League over the next season to get to the financial windfall that being in the Premier League brings. I would be like if the Detroit Tigers had a bad year (don’t they always?) they would be demoted down to AAA ball and play teams like the Toledo Mud Hens or if they were really terrible, they may even go down to AA ball the next year…and this is what the new Super League was designed to do…to guarantee that the money keeps rolling in no matter what the performance of the team is….and this bastardization of soccer would have ruined the entire league set up across Europe where the seasons would mean nothing if there was no way to qualify for this new league. And, guess who this money grab was engineered by? Of course the American owners of three of the Premier League teams along with a few of the big teams in Spain…this announcement was met with outrage across England where soccer is more than just a game but is a way of life for the fans and they saw this as a betrayal of their support over the years that made them the success they are….fortunately, the outcry of the fans and of soccer organizations across Europe killed this stupid idea before it was two days old…and I share the relief of the English fans since I am a huge fan of Man U and to have them as one of the traitors to the tradition of the league irritated the hell out of me and I was prepared to stop watching them in protest…but, thankfully that won’t need to happen and I can continue to enjoy my game….
More on the Keystone XL….
Well…it is getting toward decision time on the Keystone XL pipeline and before that happens, I think we need to understand the latest findings about the process and the effects that building it would have. First, over the past week or so, it has been discovered that the environmental impact study is not being done by any impartial body, but is being done by a company who has ties to Trans Canada…the company who stands to make billions if the pipeline is built so how can anyone believe anything that is in the report? Second, the leading climate scientist, who used to be the head of NASA, has said bluntly that it is “game over” for the climate if the pipeline is approved and all of the carbon that is now locked in the tar sands is exposed…not to mention that there will be no jobs created anywhere except for the Canadian company that will build it. But, the biggest surprise that I have reported here before is the fact that, if the pipeline is built, gas prices will rise by 20 to 40 cents per gallon in the Midwest since the discount that is paid for tar sand oil is now almost 30 dollars a barrel because they can’t move it. Once the pipeline is built, we here in the midwest will pay billions of dollars a year in increased profits to the oil companies and that is what this pipeline is really about… more transfers of wealth from everyone else to the 1% while they push the costs of trashing the environment on the people who don’t get any of that profit. We don’t need the oil and the pollution or the 1% getting richer so let’s just stop this thing now Obama…geez…