TimingLogic's Blog

Reasoned, Relevant And Often Contrarian Commentary On Economics


October 24
I'm an electrical engineer and mathematician by training. My career has spanned diverse areas of expertise from being part of a team which designed the world's most powerful computers to corporate consulting around business transformation and information-based solutions to being a corporate sales and marketing executive in the information technology and business consulting space. I’ve led teams responsible for innovative and transformative solutions and been part of teams that helped set strategy for many of America's greatest companies. Two of my interests are econometrics, democratic finance and quantitative - qualitative analysis. Over the years I have developed risk-based models and trading systems meant to identify significant investment opportunities and periods of extreme risk. My blog is an outlet for another of my passions, writing. I generally consider myself a contrarian. Therefore, many of my rantings are meant to encourage people to question what they believe to be true. Terms of Use & Disclaimer: First off, I don't take anything on here too seriously and you shouldn't either. These are simply sardonic rantings of Bill, my alter ego, often meant to agitate for peaceful & nonviolent reform. This web site reflects the views of its authors. It is unaffiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than its authors. The information on this site is provided for discussion purposes, comedic relief and entertainment only and are not investing recommendations. The authors may have positions in securities mentioned herein. Under no circumstances does this information represent a recommendation to buy or sell securities. While information discussed on this site was gathered from what are believed to be reliable sources, in no way is informational accuracy guaranteed. All information on this site may contain errors and omissions. Trading and investing involves high levels of risk. Always consult a licensed financial advisor or broker before making any and all investment decisions. Authors of this site and any sites which are fed by said site, including Open Salon and others, will assume no responsibility for the actions of the reader and user. Readers and users agree, as condition to accessing this site, to release and hold harmless this site's authors from all liability in connection with this site or any views posted on this site. All readers and users of this site agree that use of this site requires acceptance to the current Terms Of Use & Disclaimer and that current terms include any and all use and material from site inception. If you do not understand these statements in their entirety or do not agree to be bound by this current agreement, you must immediately discontinue use of this site. This Terms Of Use & Disclaimer may change at any time and it is the reader's and user's responsibility to review, understand and abide by any updates.

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FEBRUARY 5, 2013 9:58AM

The United States “Celebrates” 100 Years Of The Income Tax

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I originally had planned to write a voluminous post about this but I’m not going to.  Instead, I’m just going to link to a rather pointed and some might say conspiratorial perspective on the topic

I think it’s important that we all have an open mind and be willing to consider our nation has always been fascist.  Corporate Personhood, a substantial basis for fascism, has been with us in some form or another since our nation’s inception.  It was made law 150 years ago.  Big business has always controlled politicians in our nation.  As noted on here before, political bribery was legal for the first 80 years of our nation’s history.  And the passage of the Sixteenth Amendment in 1913 and the subsequent passage of the fascist Federal Reserve Act later that same year are no coincidence.  In order to have a private debt-based monetary system, there must be some form of contractual collateral.  And as has always been the case, the power of the state in collusion with elites figured out the easiest form of collateral is the binding of its citizens to that legal contract.  We are the contractual chattel used to back this fascist, debt-based, corporate slavery system.   So, while private, for-profit capital enriches itself and arbitrarily/undemocratically determines where investment and money are directed in our democracy, you are contractually-obligated to pay the bill for their decisions.  Most of which involve looting and your slavery rather than democracy or human development.   This is capitalism as it has always been practiced.  That is, the force of the state is used to enslave you to a system of corporate control.  Now, it doesn’t need to be that way but that is how it has always been.  Always.  And, when the colonies got too big for their britches and wanted to be their own capital, the King of England and his merry band of corporate capitalists responded with force.  Just as they are responding with force today.  So, we had the Revolutionary War. 

Now, I chafe at the conspiratorial comments about Jews running our banking system and secret families running our country.   These are conspiracy theories steeped in hatred and bigotry.  They serve a purpose of victimizing and exploiting innocent people as power always does.  This is the same bigotry and hatred that is the fundamental basis of Social Darwinism that elites in the U.S. and Britain found so attractive a century ago.  That rationalism was instrumental to the Robber Barons of that time.  That same bigotry and hatred was the rationalism that allowed slavery, indentured servitude and other forms of class slavery to exist throughout all of human history.  That includes our slavery today;  we are hired to do the elites laundry, be their nanny, be their gardeners, be their personal assistants, mow their laws, amuse them through working in entertainment, teach their children in private schools, work in their corporations and on and on and on.   And, the Social Darwinism movement in the U.S. and Britain was later picked up by Hitler and was the basis for his rationalism to murder millions of innocent people.   It’s the same boogeyman that is now directed to Muslims who are now the targeted hatred and bigotry that allows the ruling class to extend their insatiable desire for more.  And, anti-Semitism is again on the rise for the same hateful and bigoted reasons that are brought about by class and associated elitism.   It is the same hatred and bigotry that has turned you into a debt slave and corporate lab rat on a running wheel working your life away to get some small portion of the fruits of your labor in the corporate state.

There is no conspiracy theory to the events of 1913.  Just the same rampant corporate ownership of our politicians as is the case today.   We are all slaves to a system of institutionalized injustice.   And, it only exists through elitism, propaganda, fear and force.

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I’m all for social Darwinism TL. The problem is what we have and have had practically since Andrew Jackson left office, is mercantile Darwinism. The merchant is and always has been the lowest wrung on the social ladder after the slaves themselves. To expect them to act in any form of ethical code necessary to rule over others is like expecting a hooker to remain true to only you. I’m reading a great book right now you might want to give it a read yourself. I’ll give you the link at the end of the comment. Anyway its written by Jack London whom I have always been told was a socialist. I kind of doubt that after reading this. The name of the book is Martin Eden and it was written over a hundred years ago. Here's my favorite quote from it by Martin Eden himself who in the book is a pseudonym for Jack London: “The thirteen colonies threw off their rulers and formed the Republic so-called. The slaves were their own masters. There were no more masters of the sword. But you couldn't get along without masters of some sort, and there arose a new set of masters--not the great, virile, noble men, but the shrewd and spidery traders and money-lenders. And they enslaved you over again--but not frankly, as the true, noble men would do with weight of their own right arms, but secretly, by spidery machinations and by wheedling and cajolery and lies. They have purchased your slave judges, they have debauched your slave legislatures, and they have forced to worse horrors than chattel slavery your slave boys and girls. Two million of your children are toiling to-day in this trader-oligarchy of the United States. Ten millions of you slaves are not properly sheltered nor properly fed."

[r] TL, I did not know our tax dollars went directly to the Fed. I HATE THE FED. POURING OUT OUR MONEY TO THE BANKSTERS STILL COMMITTING FRAUD AND GIVING US ALL THE FINGER AND ERODING OUR COLLECTIVE AND INDIVIDUAL WELFARE!!! Along with our tax dollars being used for drones and war. Dennis Kucinich tried to kill the Fed and the cronies sure took care of him!!! Thanks for this. best, libby