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Category Archives: Ethics

“Epic Epidemic of Marketplace Fraud”


Government & Wall Street Corruption [courtesy Google Images]

Government & Wall Street Corruption
[courtesy Google Images]

Yesterday, I published an article based on a recent 60 Minutes report on the “rigging” of our commodities and stock markets.  One reader sent a comment.  I replied in part as follows:

“Your comment on LIBOR and governments’ ten-year-long resistance to prosecuting those responsible struck a chord with me. By allowing the crooks to get away with LIBOR, the government simply encouraged more people in the markets to become amoral, immoral and out-right criminal.

“Thus, today’s market rigging and ‘retirement’ account vulnerability have been, to some degree, caused by our earlier failure to prosecute the LIBOR crooks and send a message that corruption will not be tolerated.

“Insofar as we again fail to prosecute those responsible for “rigging” our markets and those responsible for protecting our retirement accounts who’ve failed to do so, we can assume that the markets will attract even more white-collar, organized crime. As criminal conduct becomes even more prevalent in our markets, the entire economic and financial system’ will become even more corrupt until it finally collapses under the weight of its own criminality.

“We aren’t heading for an economic collapse in this country because of some technical detail (like interest rates, inflation rates, unemployment rates, etc.). We’re heading for an economic collapse because America’s government, financial institutions, and people have become immoral. If this nation is going to be destroyed, it won’t be by mathematics and economic formulas–it’ll be by immorality.”

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Can Government Corruption Cause Economic Collapse?


[courtesy Google Images]

[courtesy Google Images]

Earlier this week, Senator Ted Cruz (R-Tex.) spoke for 21 consecutive hours on the Senate floor.  The purpose of his filibuster was to cause the Senate to defund the Obamacare law as the price of passing a new “debt ceiling” law to prevent a government shutdown. The Senate was unimpressed.  Obamacare will be funded, and the “debt ceiling” law will (eventually) be passed with or without Senator Cruz’s support.

The Washington Times published an article entitled “As Sen. Ted Cruz gives a long speech, Treasury gets short on funding” which focused on the Cruz filibuster, but also touched on the debt limit issue.  According to that article,

 

“The Treasury Department said Wednesday that it has less than a month’s worth of room to maneuver before it hits the debt limit, dropping yet another major fiscal deadline in the lap of a Congress already stymied over the annual spending bills.”

Now wait a second. . . .

I thought the “debt limit” was a number rather than a date.

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Rich People up to Four Times as Likely to Lie, Cheat or Steal than Poor


Results consistent in over 30 studies.

Is this rich person’s predilection for unethical behavior new?  Or does it explain why the Christ warned 20 centuries ago that, “And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.” Matthew 19:24

Is there something about wealth that brings out the worst in almost all of us? When Job lost everything, did it make him a better man by making him more appreciative of the plight of the poor?

video   00:08:56

 
6 Comments

Posted by on July 17, 2013 in Ethics, Lies, Money, Values, Video

 

The Moral Foundation for ObamaNoCare


English: Protesters standing near the United S...

Protesting Obamacare. (Photo credit: Wikipedia)

ObamaNoCare isn’t merely wrong on a mathematical or financial basis.  It’s wrong on a moral basis.

This video offers an insightful explanation of the moral foundation for mandatory health care.

video 

00:06:00

 
1 Comment

Posted by on February 7, 2013 in Ethics, Health Care, Obama, Values, Video

 

Governments Lose Moral Authority


Vandalism; Den Haag, Nederland

Image via Wikipedia

Great Britain has been racked by riots. At least five civilians have been killed, scores of police officers injured, and local jails are packed beyond capacity.  An early estimate guesstimates that the riots have already caused over $325 million in property damage.  The final cost will be higher.

Initially, the riot seemed to result from racial tensions between blacks and English police.  But as the riots continued, photographs revealed that the young rioters were white almost as often as black.  More, the riots weren’t confined to one neighborhood but instead exploded in a dozen or more locations across England.

These riots’ racial and geographical diversities indicate the presence of a systemic problem in Great Britain.  The people and politicians of Great Britain are lefts shaken, bewildered and wondering What has gone wrong with our society?

I contend that the government of England has lost its “moral authority” and riots are the result.

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No Law Against “Insider Trading” for Congressmen


President Barack Obama speaks to a joint sessi...

Image via Wikipedia

This video will piss you off.  It’s sharp, brilliant, concise.  Less than 4 minutes.

Congressmen get rich–BIG TIME–while the USA burns.  Hundreds of millions of dollars.

Mind-blowing.

Congress may have passed laws to allow them to commit insider trading, but I wonder if there are similar laws to allow them to commit treason.  Could insider trading by Congress be construed to be treason (levying war against the several “United States” or giving aid and comfort to the enemies of the States of the Union)?

I’ve said for years that Congress and the Senate are nothing but a bunch of treasonous whores for sale to the highest bidder.  This video pretty much proves that contention.  The bastards need to be indicted.  All of ’em.

video   00:03:45

http://www.youtube.com/watch?feature=player_embedded&v=G96TY5JsV-s

Here’s a subsequent video by 60 Minutes on the same subject:

video  00:15:20

http://www.cbsnews.com/video/watch/?id=7388130n&tag=re1.fb

 

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American Inequality


View of Capitol Hill from the U.S. Supreme Court

Image via Wikipedia

The gap between American rich and American poor is growing.

If the gap were growing because the rich are smarter and work harder, I wouldn’t object.  But the real reason for the success of most of the rich is that they buy and bribe congressman and presidents to pass “special interest legislation” that restricts competition, provides tax breaks for the rich, or compels the American people to buy whatever it is the rich have to sell.

In other words, the rich are getting richer primarily because 1) money is the “mothers milk” of politics; 2) the Congress is a pack of treasonous whores who are for sale to the highest bidder; 3) both major political parties–despite rhetoric to the contrary–are dedicated to providing their “legislative services” to the highest “bidders”; and 4) the rich are, by definition, almost always the highest bidders.  Ergo, the rich get “legally” richer so long as the last remaining bastion of true “free market competition” is on the floor of the Congress.

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