Daily Archives: March 12, 2015

THE TRUTH ABOUT RIGHT TO WORK+

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Here is a quote from nrtw.org:

“What effect does a Right to Work law have on a state’s standard of living?

The National Right to Work Committee has called attention to the fact that Right to Work states enjoy a higher standard of living than do non-Right to Work states. Families in Right to Work states, on average, have greater after-tax income and purchasing power than do those families living in non-Right to Work states, independent studies reveal. What’s more, Right to Work states have greater economic vitality, official Department of Labor statistics show, with faster growth in manufacturing and nonagricultural jobs, lower unemployment rates and fewer work stoppages.”

http://www.nrtw.org/b/rtw_faq.htm

In general most unions are terribly inefficient, fight against innovation, especially if it reduces the number of workers needed, and make it very hard to fire incompetent or marginally competent workers. With worldwide competition were innovation is a must and an efficient workforce is necessary, unions are a corrupt great drawback and waste much taxpayer’s money and make it hard to compete internationally.

Unions should have a right to exist in non monopoly businesses but not in business monopolies or government monopolies where they can extort exorbitant wages without customer or taxpayer approval which often threatens to bankrupt municipal and state governments in the long duration.

The special coercive privileges of union bosses is unjust corruption and their lobbying efforts in government with a great war chest creates special interest legislation which ensures their corrupt dominance in the politics and the economics of the nation.

http://www.nrtw.org/en/d/big_labor_special_privileges.htm

It may seem logical to some that big business influence should be balanced by big unions. The reality is that union members are a privileged class who enjoy high wages at the expense of everyone else in society because there are fewer jobs in innovative new businesses, higher taxes, and more unemployment for the rest of the population.

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

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THE TRUTH ABOUT DERIVATIVES+

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Most derivatives are a financial contract which can be used to insure against price movements (hedging), for speculation, and getting access to questionable intangible assets.

The actual credit risk of derivatives was about 3.3 trillion dollars although the total amount of derivatives traded over the counter was about 700 trillion in 2011.

Derivatives are frequently short term obligations and make it possible for wild speculation on small changes in interest rates, on changes in stock prices, on currency changes, on real and fictional bonds, and on unquantifiable assets. Pure gambling is the net effect.

Banks should not be buying and selling derivatives which are far too speculative and frequently have no foundation in real tangible assets. Banks should be forbidden to engage in pure gambling with central bank and taxpayer money which automatically guarantees banks against losses in the billions or even trillions.

A further disadvantage to derivatives is that their purchasing and selling begin to drive price changes of intangible assets so that the system can actually be rigged and price fluctuations begin to reflect the derivative activity. Big money is in charge and manipulates the derivative, stock, and interest market to their benefit to make huge big profits in a very short time.

Risk analysis on derivatives is done with complicated mathematical formulas which have no relevance in crisis financial situations and many are mislead into thinking that they know what they are doing financially when the truth is they don’t know at all how the system is rigged with big money moves dependent on the whim of the big money holders.

With so much phony money changing hands a small financial crisis can bankrupt many financial institutions or at least cause a severe liquidity crisis which benefits almost no one but big money and can lead to a major depression and plummeting of the stock market.

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

If you enjoyed this blog then here is a list of my most popular ones which you may also enjoy!!!

https://uldissprogis.com/zlist-of-my-most-popular-blogs/