Category Archives: Corruption

No options: The choice between Trump and Biden is meaningless and proves US democracy is a ‘sham / Roger Waters

No options: The choice between Trump & Biden is meaningless & proves US democracy is a ‘sham,’ Roger Waters tells RT
With US President Donald Trump preparing to square off with presumptive Democratic nominee Joe Biden in the 2020 race, Americans might as well be choosing between Orwell and Huxley, Pink Floyd co-founder Roger Waters told RT.

Though the current US president is a “failed landlord” who somehow managed to become “the most powerful man in the Western world,” Biden, his likely rival, does not present a better option, Waters said in an interview with Rafael Correa, the former president of Ecuador who now hosts a show on RT Spanish.

“There’s no choice to be made by the American people, this is why the idea that the United States is a democracy is such a sham,” Waters said, adding that the Democratic Party ruined any chance for a real alternative when it “crushed” the Bernie Sanders campaign, as the socialist senator would not serve the interests of “the people who actually run the country” – Wall Street and the “war machine.”

ALSO ON RT.COMJoe Biden is more Trump than you know, particularly when it comes to China

But the “most dangerous thing” in the current political moment, Waters argued, is “propaganda” which seeks to transform “the truth” into an “extreme point of view,” citing the vicious treatment of WikiLeaks co-founder and anti-secrecy crusader Julian Assange as an example.

There’s been a debate continuing about which dystopia our current world is more like, Aldous Huxley’s ‘Brave New World’ or George Orwell’s ‘1984.’ But the one thing that is common… is propaganda, it’s the Ministry of Truth

‘US healthcare system designed for the rich’

Beyond the political system, US healthcare has also left many Americans with few options, with crippling medical bills a leading cause of middle-class bankruptcies, even amid the Covid-19 outbreak.

“New York has been terrible, but you would expect it because there’s no health service in the United States of America,” Waters said. “Well, there is a health service, but it’s only for the very wealthy, and in consequence, they’re completely unprepared to face something like this.”

The US has long been the world’s top coronavirus hotspot, counting nearly 1.3 million cases of the illness and more than 77,000 fatalities. Though the country boasts more intensive care beds per capita than much of the world, the healthcare systems of the hardest-hit areas – such as New York and New Jersey – have strained under the pandemic. At some hospitals in New York City, federal agencies and even the military have stepped in to deploy refrigerated mobile morgue trucks just to cope with the surge of deaths from the virus.

Even as new medicines are developed to combat the pathogen, around one in seven Americans say they would be unable to afford treatment, according to a recent Gallup poll, leaving tens of millions of citizens largely helpless during a major health crisis.

ALSO ON RT.COMONE IN SEVEN Americans would avoid Covid-19 treatment for fear of cost, even as pricey new pill shows promise against virus

On a more optimistic note, the rockstar said greater numbers of people are taking notice of corrupt political leaders and their media allies, not only in the United States but around the world, predicting that protests will again erupt in the streets once the pandemic crisis dies down, especially across Latin America.

“So there is a light. It’s a long, narrow tunnel, but there is more than a pinprick of light,” he continued. “The walls of the tunnel are crumbling because the people are demanding it.”

Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy?

In the months prior to the most ferocious stock market crash in history and the eruption of the biggest public health crisis of our generation, we witnessed the biggest exodus of corporate CEOs that we have ever seen.  And as you will see below, corporate insiders also sold off billions of dollars worth of shares in their own companies just before the stock market imploded.  In life, timing can be everything, and sometimes people simply get lucky.  But it does seem odd that so many among the corporate elite would be so exceedingly “lucky” all at the same time.  In this article I am not claiming to know the motivations of any of these individuals, but I am pointing out certain patterns that I believe are worth investigating. 

One financial publication is using the phrase “the great CEO exodus” to describe the phenomenon that we have been witnessing.  It all started last year when chief executives started resigning in numbers unlike anything that we have ever seen before.  The following was published by NBC News last November

Chief executives are leaving in record numbers this year, with more than 1,332 stepping aside in the period from January through the end of October, according to new data released on Wednesday. While it’s not unusual to see CEOs fleeing in the middle of a recession, it is noteworthy to see such a rash of executive exits amid robust corporate earnings and record stock market highs.

Last month, 172 chief executives left their jobs, according to executive placement firm Challenger, Gray & Christmas. It’s the highest monthly number on record, and the year-to-date total outpaces even the wave of executive exits during the financial crisis.

By the end of the year, an all-time record high 1,480 CEOs had left their posts. (Fortune Magazine, right)

But to most people it seemed like the good times were still rolling at the end of 2019.  Corporate profits were rising and the stock market was setting record high after record high.

Yes, there were lots of signs that the global economy was really slowing down, but most experts were not forecasting an imminent recession.

So why did so many chief executives suddenly decide that it was time to move on?

The following are just a few of the big name CEOs that chose to step down in 2019

United Airlines — Oscar Munoz

Alphabet — Larry Page

Gap — Art Peck

McDonald’s — Steve Easterbrook

Wells Fargo — Tim Sloan

Under Armour — Kevin Plank

PG&E — Geisha Williams

Kraft Heinz — Bernardo Hees

HP — Dion Weisler

Bed, Bath & Beyond — Steven Temares

Warner Bros. — Kevin Tsujihara

Best Buy — Hubert Joly

New York Post — Jesse Angelo

Colgate-Palmolive — Ian Cook

MetLife — Steven Kandarian

eBay — Devin Wenig

Nike — Mark Parker

Of course the mass exodus of chief executives did not end there.

In fact, a whopping 219 CEOs stepped down during the month of January 2020 alone.

By then, it was starting to become clear that the coronavirus that was ripping through China could potentially become a major global pandemic, and I certainly can understand why many among the corporate elite would choose to abandon ship at that moment.

Some of these CEOs have made absolutely absurd salaries for many years, and it is much easier to take the money and run than it is to stick around and steer a major corporation through the most difficult global crisis that any of us have ever experienced.

The following are just a few of the well known CEOs that have resigned so far in 2020

Bob Iger, CEO of Disney

Ginni Rometty, CEO of IBM

Harley-Davidson CEO Matt Levatich

T-Mobile’s CEO John Legere

LinkedIn CEO Jeff Weiner

Mastercard CEO Ajay Banga

Keith Block, co-CEO of Salesforce

Tidjane Thiam, CEO of Credit Suisse

Hulu CEO Randy Freer

It is important for me to say that I do not have any special insight into the personal motivations of any of these individuals, and every situation is different.

But I do think that it is quite strange that we have seen such an unprecedented corporate exodus at such a critical moment in our history.

Meanwhile, top corporate executives were dumping billions of dollars worth of shares in their own companies just before the market completely cratered.  The following comes from the Wall Street Journal

Top executives at U.S.-traded companies sold a total of roughly $9.2 billion in shares of their own companies between the start of February and the end of last week, a Wall Street Journal analysis shows.

The selling saved the executives—including many in the financial industry—potential losses totaling $1.9 billion, according to the analysis, as the S&P 500 stock index plunged about 30% from its peak on Feb. 19 through the close of trading March 20.

In the stock market, you only make money if you get out in time, and many among the corporate elite seem to have impeccable timing.

Perhaps they just got really lucky.  Or perhaps they were reading my articles and understood that COVID-19 was going to cause the global economy to shut down.  In any event, things worked out really well for those that were able to dump their stocks before it was too late.

And it turns out that several members of Congress were also selling stocks just before the market went nuts…

Sen. Dianne Feinstein of California and three of her Senate colleagues reported selling off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports.

The data is listed on a U.S. Senate website containing financial disclosures from Senate members.

Of course, most ordinary Americans were not so “lucky”, and the financial losses for the country as a whole have been absolutely staggering.

The good news is that there was a tremendous rally on Wall Street on Tuesday, and that will provide some temporary relief for investors.

But the number of confirmed coronavirus cases continues to escalate at an exponential rate all over the globe, and this crisis appears to be a long way from over.

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About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)

By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article.

In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.