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Our Bottom Line is our Honor: Padre Steve Talks About Wall Street

“It was the mystical dogma of Bentham and Adam Smith and the rest, that some of the worst of human passions would turn out to be all for the best. It was the mysterious doctrine that selfishness would do the work of unselfishness.” G.K. Chesterton

The United States is one of the most religious of Nations especially in what we worship. I’m not talking about God her I’m talking about money. The High Priests of this religion are those that run the financial institutions as well as much of what is sometimes described as “American” business. The bottom line is their honor and profit their goal.

I tell you what there is no such thing as an “American” Banker, Investor, Broker or President of any major corporation based in the United States they are men and women without a country with their only loyalty being their profits and what benefits their bottom line. The truth is as Napoleon Bonaparte said so succinctly “Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”

This has never been in more evidence than today.  The situation has been worsening since the end of the Cold War when under the name of “Free Trade” financial institutions and multinational corporations based in the United States have been selling us short once they figured that they could do better elsewhere like in Communist China as well as Third and Second World countries controlled by tyrants and despots who couldn’t give a damn about human rights.  Mind you that for many years it was American money, the American people and military power that enabled them to prosper particularly in the days when Presidents like Theodore Roosevelt maintain protectionist policies that actually helped them and the country at the same time.

The United States was never stronger than when we practiced protectionism. It benefited out people as well as businesses.  But when people like Teddy Roosevelt saw things that business did which were criminally irresponsible either in the treatment of workers or the environment business cried foul and it has been that way ever since. All “good” conservatives and libertarians have worshiped at the foot of the God of Capitalism and its prophets and the sacred doctrine of Free Trade.

The end of the year numbers are out and it looks like Wall Street and Major U.S. based corporations are doing quite well thank you while doing everything that they can to avoid being good citizens to the people of this country that made them what they are. Profits are up as are stocks and Wall Street is living high on the hog despite having made a mess of things to the point that the American Government had to give them our money, and lots of it to stay solvent and not crash the entire economy. It is as Thomas Jefferson once said “I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” To be blunt “American” financial institutions have raped this country and now that they are done with us are willing to take our money, use our military to protect or even enhance their operations overseas are willing to throw us under the bus because they can make more money elsewhere.

Well it seems that there is happiness in Mudville or shall I say on Wall Street as the year end numbers roll in.  Unfortunately for many Americans those profits won’t benefit this country.  Unemployment remains high, our personal and government debts are skyrocketing and deficits are killing the country while good paying technical and industrial jobs are moved overseas as supposedly American business shutters their U.S. production centers.  Meanwhile business and financial leaders carp about the United States not being a “friendly corporate environment” with “too much government regulation” and too many “powerful unions” as the reason for them to invest elsewhere.  Little things such as safety, the environment and even God forbid the lives of the people that work for them are of little concern, if the citizens of the U.S. or any other country decide that they want a bit more control of such issues then they are thrown under the bus by the financial institutions and corporations. If the U.S. Government asks them for anything it is “screw you” we’ll move to India where incidents what happened like the Union Carbide plant in Bhopal India don’t matter too much and Communist China which does its damndest to violate the human rights of its own people and run roughshod over its neighbors.

Andrew Jackson, perhaps the last President with the guts and moral principles to stand up to the likes of such people said:

“Every man is equally entitled to protection by law; but when the laws undertake to add… artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society — the farmers, mechanics, and laborers — who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government.”

What Jackson said then is just as applicable now. Nearly every law that is passed in Washington is full of loopholes and benefits for the rich who then after bankrupting the country have the nerve to complain about government social programs. Usually they say that caring for the poor is the voluntary responsibility of individuals, churches and private charities which on principle I agree with, but on the whole is not practical because the need is too great mostly due to the power of the financials and the incompetence of government agencies.

The attitude of these supposedly “American” financial institutions and corporations seems to be all about “Free Trade.” The sad thing is that the moniker of “Free Trade” is somewhat Orwellian if you ask me.  The reality of “free trade” is that these interests should be able to do whatever they want, however they want without anyone being able to regulate them of tell them what to do.  In reality their carping about this not being a “business friendly environment” is them dictating to us that they should be able to operate for free from here while trading wherever they want without any responsibility or return to the country and people that made their success possible in the first place.  I would argue it is the financial houses and multi-national corporations based in the United States that are the real power in the world and that they have used us up and are now in the process of dumping us like they have so many World powers before us.

Napoleon saw this and said: “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. The late Marine Corps Major General and two time Medal of Honor winner Smedley Butler said back in 1933 concerning the way that financiers use the government, in particular the military to advance their interests:

“I spent thirty- three years and four months in active military service as a member of this country’s most agile military force, the Marine Corps. I served in all commissioned ranks from Second Lieutenant to Major-General. And during that period, I spent most of my time being a high class muscle- man for Big Business, for Wall Street and for the Bankers. In short, I was a racketeer, a gangster for capitalism….I helped make Mexico, especially Tampico, safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested.”

Let’s fast forward on this while American soldiers get killed by Improvised Explosive Devices in Iraq and Afghanistan, many made with the assistance of Iranian agents the Treasury Department granted over 10,000 permits for U.S. corporations to trade with Iran with you guessed it my friends, some of the Largest U.S. banks reaping the profit.  This has been going on for years and while the bulk of such trade is limited to food items like Louisiana Hot Sauce it has also included deals which allowed other U.S. corporations to trade with Iranian companies that are suspected of involvement in terrorism or weapons proliferation.  http://www.foxnews.com/world/2010/12/23/report-treasury-okd-business-iran/#ixzz19SAQIwIu Pardon my ignorance but isn’t that like blood money when our troops die from Iranian assisted attacks?

Don’t worry though, we are in good company as such people have done the same to those that came before us as well, just look at Britain, once business bled her dry they cast her aside.  You see my friends our government doesn’t really control anything. It is the corporate and financial elites that run the country and dare I say the world.  James Madison saw it coming noting that “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.”

Financial institutions and many multinational corporations have acted in the most unseemly of fashions literally bankrupting nations and individuals while they continue to prosper and it seems that they can never get enough.  Great Americans have warned of the dangers of the financial elites controlling both national as well as private lending institutions. In fact if you look at the leadership of the Federal Reserve and the Treasury Department there is an almost incestuous link between them and Wall Street. Dwight Eisenhower talked about the danger of the “military-industrial complex” but that threat is nothing compared to the control that those that come out of Wall Street Investment Banks have over the nations’ economic and monetary policy and over the legislators that supposedly exercise oversight of such institutions. Thomas Jefferson noted that:

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

While Andrew Jackson lectured the leaders of the 2nd Bank of the United States before (probably unwisely) withdrawing U.S. assets from the Bank and eventually destroying it:

“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”

I think that even though Jackson’s decision hurt the economy which resulted in the Panic of 1837 but his reasons were sound:

It concentrated the nation’s financial strength in a single institution.

It exposed the government to control by foreign interests.

It served mainly to make the rich richer.

It exercised too much control over members of Congress.

It favored northeastern states over southern and western states.

Banks are controlled by a few select families.

Banks have a long history of instigating wars between nations, forcing them to borrow funding to pay for them.

Now tell me what has changed in this? If I hadn’t said that Jackson used these reasons to abolish the Second Bank of the United States one might think that I am talking about Wall Street and the Federal Reserve.  Let’s see….it looks to me like the only people getting rich are the Wall Street financiers and those that they favor. It seems that foreign nations, particularly the Chinese Communist have us by the balls holding a huge amount of our debt.  It seems that Congress under both Democratic and Republican control is in their power and will do anything that they want in order to “help the economy” but in reality secure their own power and I could go on but won’t.

Now I’m sure that some of my conservative friends and readers will label me as a liberal or Socialist but I’m not, I just want to see those that benefit from the security that our military provides and the hard work of Americans just actually start helping our side rather than looking to their our filthy money grubbing interests. Some things never change do they?

Peace

Padre Steve+

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Filed under economics and financial policy, History, laws and legislation, Military, national security, philosophy

A Global Force for Good

A Global Force for Good: A Sailor holds the hand of a Haitian Child

The Navy A Global Force For Good TV Spot

http://www.youtube.com/watch?v=6DriBYQvG_4

“I can imagine no more rewarding a career. And any man who may be asked in this century what he did to make his life worthwhile, I think can respond with a good deal of pride and satisfaction: ‘I served in the United States Navy.’” President John F Kennedy 1 August 1963, at the Naval Academy

“It follows than as certain as that night succeeds the day, that without a decisive naval force we can do nothing definitive, and with it, everything honorable and glorious.” George Washington 15 November 1781 to the Marquis de Lafayette

“A good Navy is not a provocation to war. It is the surest guaranty of peace.” President Theodore Roosevelt 2 December 1902, second annual message to Congress

“For in this modern world, the instruments of warfare are not solely for waging war. Far more importantly, they are the means for controlling peace. Naval officers must therefore understand not only how to fight a war, but how to use the tremendous power which they operate to sustain a world of liberty and justice, without unleashing the powerful instruments of destruction and chaos that they have at their command.” Admiral Arleigh Burke CNO 1 August 1961 at the Naval Academy

USNS Comfort off of Haiti

The newest Navy recruiting and public relations campaign features a comment “America’s Navy: A Global Force for Good.”  When it first came out some expressed their dislike of the new slogan; however as a Navy and Army veteran as well as a long time “Navy Brat” I found the slogan and the accompanying commercial inspiring and I can be extremely jaded and cynical when it comes to such advertisements and slogans.  See my post Memorable Recruiting Slogans and the All Volunteer Force. http://https://padresteve.wordpress.com/2009/05/03/memorable-recruiting-slogans-and-the-all-volunteer-force/

Neurosurgeons from Naval Medical Center Portsmouth operating on a patient aboard the Comfort- Baltimore Sun Photo

Maybe it is because I serve with a lot of great people who make up the Navy that I think this way. I have served with the brave souls of our EOD force, the Navy Expeditionary Combat Command, the crew of an elite Guided Missile Cruiser, the USS Hue City CG-66 and the professionals of Navy Medicine.  All these professionals be they war-fighters or care givers give so much of themselves to serve this country and protect others while at the same time laying their lives on the line to defend the people of the United States and others around the world.  For me this understanding of the Navy being a global force for good is relational and it goes beyond the crass cynicism of so many in the world who find little good about our nation.  I know that we have our faults but I really do believe that the good that we have done over the years and now outweighs our sins of commission and omission.  I was really offended when I saw some of the comments from some people in other countries condemning our efforts in Haiti.  I know of no other country that will empty itself to care for the people of a devastated and impoverished nation without expecting any form of repayment even while it is still in difficult economic straits.

Comfort receiving casualties- Baltimore Sun Photo

In the forefront of the humanitarian effort are my friends and shipmates in Navy Medicine on the USNS Comfort and ashore who are caring for the injured, sick and dying Haitian people.  These men and women were pulled out of our medical treatment facility and others with as little as 24 hours notice to deploy on a mission of incredible difficulty and undetermined length.  The emotional toll can be difficult as many of these professionals, physicians, nurses, corpsmen and others have deployed at least once if not two or three times to Iraq or Afghanistan.

Navy Pediatric Intensivist performs a procedure on a Afghan child

While the staff of the Comfort and those ashore toils to save lives others serve in Afghanistan running medical facilities often in conjunction with our allies.   These professionals are deployed from 7 months to a year and include some of the finest clinicians in the Navy.  Serving in Afghanistan the care for American wounded and sick, those of our NATO and Afghanistan National Army allies as well as the unfortunate civilians including children who are victims of terrorists acts, IEDs or military action mostly initiated by Taliban or Al Qaida forces.  Serving in harm’s way they see their compounds bombarded by incoming rockets, mortars and occasional artillery fire.  They also know that the vehicles that they travel in and helicopters that they fly in are targeted by Taliban forces and they care for those who are injured by IEDs on the same routes that they travel.  Having experienced this in Iraq I can say that it is a sobering and often eerie feeling that you get after you have been with Marines or Soldiers wounded by IEDs and ambushes on routes that you travel.  These men and women see the worst that humanity can do and still care about the victims.

USS Carl Vinson arrived quickly and began relief operations

Others serve in Iraq now supporting our Army troops with medical care working alongside Army and Air Force medical personnel, others are in the Horn of Africa and still others involved with other humanitarian missions or operational support of US Forces abroad.

One has to remember that these medical professionals do not just come out of a vacuum but are normally assigned to medical treatment facilities in the United States. As they depart to serve abroad those left behind continue the mission of caring for our military, their families, and military retirees going back to the Greatest Generation and other combat wounded veterans still entitled to medical care.   The workload back at home does not let up and the professionals back here work harder and longer to provide the quality care that our beneficiaries deserve. Dealing with patients and families I always hear about how much they appreciate the kindness and superior care that they get from our physicians, nurses, corpsmen and other medical professionals.

Boarding Team from USS Hue City

If you do not believe that these men and women are a “global force for good” then I am sorry that you cannot see the labor of love that these men and women provide to those entrusted to their care.  I am ashamed when I hear prominent media personalities call these “meals on wheels” missions. Personally I think it is hateful and demeaning towards the proud professionals who serve in these human tragedies and care for God’s people.  Likewise those that claim that this is being done to further US influence in Haiti are so clueless, in Haiti there is no payback even from a military or strategic point of view and even with our forces stretched thin around the world we still go out and do what no other country can do when we use our military to care for those afflicted by disaster.

In Haiti we are working hand in hand and side by with numerous Non-Governmental Organizations and other military medical professionals from the United States, Canada and other nations who are giving of themselves to serve the Haitian people.

USS Hue City 565 Feet of Naval Power on Patrol

I think that for once a recruiting phrase actually captures the essence of the Navy.  This is not about just being a better individual or improving your life or getting an education and experience.  It is about serving our nation and people as well as others around the world whether that mission is combating terrorists, pirates, protecting our vital interests or like in Haiti, or during the Indonesian Tsunami, Hurricane Katrina or at the World Trade Center and hundreds of other places, this Navy is a global force for good.

Tonight as you go to bed and sleep soundly after eating well and spending time with family, friends or enjoying some form of entertainment remember those of our Navy who serve at sea, in the mountains and deserts of Afghanistan, the cities of Iraq, the desolation of the Horn of Africa and around the world defending our interests, caring for our military personnel and their families and deploying to serve in harm’s way and in areas of devastation.  They are America’s “Global Force for Good.”  They are my shipmates.  They are the United States Navy.

Peace,

Padre Steve+

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Filed under Military, national security, US Navy