Are 9 Dead Bankers A Sign Of Pending Economic Collapse?

Better than the last one:

Are 9 Dead Bankers A Sign Of Pending Economic Collapse?
February 27, 2014 by Wayne Allyn Root

Hello, I’m Wayne Allyn Root for Personal Liberty. Something very big and very bad is happening. Prominent bankers are dying in droves. Have you ever heard of eight bankers committing suicide in a matter of just a few weeks?

A ninth banker was found dead only days ago. What is driving successful bankers with families to kill themselves in droves?

Here’s the tip-off that this is a very big story: The mainstream media are not covering it. There are nine dead bankers (and counting), and the story isn’t even mentioned in the national news. That itself is a major news story.

Bankers are dying so fast, you’d think they were all dentists. You get the joke, right? Dentists have the highest suicide rate of any profession. Sometimes, you need a little humor to brighten up a very dark story. But keep in mind, at no time in history have nine dentists all died under mysterious circumstances in a matter of a few weeks.

—-break——

This story is real. The dead are:
William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG.
Karl Slym, 51-year-old Tata Motors managing director.
Gabriel Magee, 39-year-old JPMorgan banker.
Mike Dueker, 50-year-old chief economist of a U.S. investment bank.
Richard Talley, the 57-year-old founder of American Title Services in Centennial, Colo.
Tim Dickenson, U.K.-based communications director at Swiss Re AG.
Ryan Henry Crane, 37-year-old executive at JPMorgan.
Li Junjie, 33-year-old Hong Kong banker.
James Stewart Jr., former CEO of the National Bank of Commerce.

more here

http://personalliberty.com/2014/02/27/are-9-dead-bankers-a-sign-of-pending-economic-collapse/

JP Morgan employee who fell to death from bank’s London office in Canary Wharf named as Gabriel Magee Jim Armitage Author Biography
Wednesday 29 January 2014

(NOTE: Go to the website to see the “roof” he fell from. Suicide or murder?)
The bank worker who died after falling from the roof of JP Morgan’s European headquarters in Canary Wharf on Tuesday morning has been named as Gabriel Magee, a senior IT programmer.

The 39-year-old American had been at the investment banking giant for 10 years in New York and London, working his way up to become a vice president in CIB Technology. Colleagues and friends expressed shock at his death.
Mr Magee plunged from the top of the 500ft European headquarters of the investment bank at 8am, at the peak of the financial district’s rush hour. He landed on the roof of a ninth-floor podium of the building at 25 Bank Street and was pronounced dead at the scene by paramedics.

A New York-based colleague, who worked with Mr Magee at JP Morgan there, said: “It is a terrible, tragic loss. He has a lot of friends in New York that are very confused and very sad right now. He was a co-worker and a very good friend. A very smart guy, with a great sense of humour.”

Paul Grunwald, who worked with Mr Magee in New Mexico in the late 1990s, said: “I’m very saddened to learn the news. Gabe was an intern for me at Intel. He was bright, funny, and a good friend.

“I tried my best to keep him at Intel but New York and London were calling him away from the desert. I will miss him and my thoughts and prayers go out to all that loved him.”

http://www.independent.co.uk/news/business/news/jp-morgan-employee-killed-in-fall-from-banks-london-office-in-canary-wharf-named-as-gabriel-magee-9091649.html

The Commander-in-Chief and the Minimum Wage

We have noted previously Secretary of Defense Chuck Hagel’s President Obama’s proposals concerning military pay and benefits, but I have since taken the time to put together some numbers. President Obama wants to see the minimum wage increased from $7.25 per hour to $10.10 per hour by the end of 2015, in three steps of 95¢ apiece.

Here is the current 2014 military base pay schedule:

And, assuming the 1% increase proposed by the President, this should be the 2015 Military Basic Pay Chart:

2015 Military Basic Pay Chart, based upon the proposed 1% increase.  Calculations by The First Street Journal.

2015 Military Basic Pay Chart, based upon the proposed 1% increase. Calculations by The First Street Journal.

The numbers were obtained by taking the 2014 chart, and using a Microsoft Excel calculation function to multiply them by 101%. The previous chart was given in pay per month; the Editor used Microsoft Excel to multiply the monthly pay by 12, to print annual pay.

Hourly and Annual Wages

Hourly and Annual Wages, based on 2080 hours per year.

Now, here is President Obama’s minimum wage proposal, with the 95¢ per hour step increases. The President is proposing, in effect, to pay enlisted soldiers (E-1 and E-2) in Basic Combat Training — which is a lot more than 40 hours per week! — less than the minimum wage! Only once a soldier reaches E-3 (Private First Class in the Army) would he earn more than the President’s proposed minimum wage.1

This is not a completely fair comparison, because soldiers in BCT don’t have to pay for housing or food; the Army is more than happy to provide them with luxury accommodations and nutritious meals. Somehow, though, your Editor thinks that is more than made up for by the fact that soldiers in BCT are being driven, and driven hard, for sixteen and eighteen hours a day.

Our military servicemen are putting their lives at risk, to defend the liberty and freedom of the United States. Every one of them has sworn an oath to obey the (legal) orders of the Commander-in-Chief, and they owe him obedience and respect. The problem here is that the Commander-in-Chief does not respect our soldiers, sailors, airmen and Marines enough in return.
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  1. Not all soldiers start as an E-1; recruits with certain educational achievements can start higher, and my older daughter began BCT as an E-3, due to having some completed college credits.

Scary?????? Weird????? Strange?????

This is WAY, WAY beyond scary. In 1969 John Brunner released a Sci-Fi book called “Stand On Zanzibar”. I haven’t read it, but found this in an AOL list of TOP 10 Sci-Fi Book Predictions made between 1887 to 2000. What is Incredible is the book “Stand On Zanzibar”. Brunner made 17 predictions listed below that will knock your socks off, but in his book he was saying there was a President OBOMI. Gave me chills. Here are the predictions:

From the article:
This is really an odd story that begun back in 1969 when a popular sci-fi novelist, John Brunner, wrote one of his famous book called “Stand On Zanzibar”.

What is interesting in this old novel is that it has many very similar events (political, economical…), characters and technology progress as those nowadays.

Here are some of these incredible predictions:

(1) Random acts of violence by crazy individuals, often taking place at schools, plague society in Stand on Zanzibar.

(2) The other major source of instability and violence comes from terrorists, who are now a major threat to U.S. interests, and even manage to attack buildings within the United States.

(3) Prices have increased sixfold between 1960 and 2010 because of inflation. (The actual increase in U.S. prices during that period was sevenfold, but Brunner was close.)

(4) The most powerful U.S. rival is no longer the Soviet Union, but China. However, much of the competition between the U.S. and Asia is played out in economics, trade, and technology instead of overt warfare.

(5) Europeans have formed a union of nations to improve their economic prospects and influence on world affairs. In international issues, Britain tends to side with the U.S., but other countries in Europe are often critical of U.S. initiatives.

(6) Africa still trails far behind the rest of the world in economic development, and Israel remains the epicenter of tensions in the Middle East.

(7) Although some people still get married, many in the younger generation now prefer short-term hookups without long-term commitment.

(8) Gay and bisexual lifestyles have gone mainstream, and pharmaceuticals to improve sexual performance are widely used (and even advertised in the media).

(9) Many decades of affirmative action have brought blacks into positions of power, but racial tensions still simmer throughout society.

(10) Motor vehicles increasingly run on electric fuel cells. Honda (primarily known as a motorcycle manufacturers when Brunner wrote his book) is a major supplier, along with General Motors.

(11) Yet Detroit has not prospered, and is almost a ghost town because of all the shuttered factories. However. a new kind of music — with an uncanny resemblance to the actual Detroit techno movement of the 1990s — has sprung up in the city.

(12) TV news channels have now gone global via satellite.

(13) TiVo-type systems allow people to view TV programs according to their own schedule.

(14) Inflight entertainment systems on planes now include video programs and news accessible on individual screens at each seat.

(15) People rely on avatars to represent themselves on video screens — Brunner calls these images, which either can look like you or take on another appearance you select — “Mr. and Mrs. Everywhere.”

(16) Computer documents are generated with laser printers.

(17) A social and political backlash has marginalized tobacco, but marijuana has been decriminalized.

http://www.abovetopsecret.com/forum/thread938858/pg1

Kim Jong-un’s new weapon

North Korea has developed cloaking technology!

North Korea, almost invisible from space, while China and South Korea can be seen clearly!

No, that’s not open ocean between China and South Korea; North Korean scientists have clearly developed a cloaking device which renders the entire country invisible from space, just to frustrate the space-based weaponry of the imperialist United States!

Economics 101: When you increase costs on businesses, they must pass those increased costs onto their customers

We have previously pointed out that you cannot add 30 to 40 million people who could not afford insurance coverage before health insurance, maintain high quality for those covered, and still cut costs. 1

The Next Shoe To Drop: Obamacare Will Increase The Cost Of Employer-Sponsored Insurance
Avik RoyAvik Roy, Forbes Staff

Yesterday, the Obama Administration’s Centers for Medicare and Medicaid Services released a six-page report predicting that Obamacare could cause premiums to increase for nearly two-thirds of small- to medium-sized businesses. “This results in roughly 11 million individuals whose premiums are estimated to be higher as a result of the ACA and about 6 million individuals who are estimated to have lower premiums,” CMS writes. But CMS’ projections almost certainly understate the problem, one that will begin to affect millions of workers in the second half of 2014.

CMS: 11 million will see increased premiums

The CMS premium report was a requirement imposed by Congress on the administration under the Department of Defense and Full-Year Continuing Appropriations Act of 2011. That law mandated that CMS “provide an estimate of the number individuals and families who will experience a premium increase and the number who will see a decrease” as a result of the Affordable Care Act.

But CMS only looked at one cost-increasing Obamacare provision: community rating. And they only looked at it for individuals employed by businesses with fewer than 100 employees: what’s called the “small group market.”

A lot more at the link.

Sister Toldjah addressed the CMS report, and noted:

And young folks, it sounds like, will be footing the bill (as predicted).  It’s no wonder so many of them are turning away from our celebrity President.  Now, if only they had listened to what we said about Obama and the so-called “Affordable Care Act” before they voted in 2012.

As they sit there, in their red plaid flannel pajamas,2 talking about getting health insurance, how many of them are going to say not no, but Hell no?

The young adults are not as far along in their careers — assuming that they have jobs at all — as are older workers, generally speaking, and thus earn less money. They can see that they are the ones being raked over the coals on this, and they can see that there are fewer jobs precisely because of Obaminablecare.

Fewer jobs, higher (mandated) insurance costs,3 lower wages, and having to live in their parents’ basement. Well, guess what? They are the reason that buffoon is President today, because they voted for him! It’s just karmic justice that they are the ones getting f(ornicated) over in all of this.

And we told them so, we told everybody so.

It didn’t take a rocket scientist or a doctorate in economics to see this. It isn’t just business experience, but plain, common sense which would tell anyone that is the government adds costs to insurance plans through mandating that they not reject people with pre-existing conditions and provide contraception coverage4 — without any co-payments — or any of the other things mandated, the insurance companies would have to increase premiums to pay for those things. We told you this, as well.

Everything that we have told you would happen either has happened or is happening. This took no special insight, no crystal ball, no great power of clairvoyance. I saw it coming, and conservative writers all over the county saw it coming, because it was just so obvious. We were right, and the left were wrong!

It’s cold comfort to know that we were right all along, because our county has been harmed, perhaps irreparably, by this legislation and this President. There’s not much joy to be had in knowing that the people who voted for that incompetent will be the people who pay most of the price for their votes, but what joy there is in that, I will take.
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Related Articles:


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  1. Those links are just from The First Street Journal, or our predecessor, Common Sense Political Thought. Check the other conservative sites on our blogroll, and you’ll find that they were saying the same things.
  2. If your son is still wearing flannel onesies pajamas as a (supposed) adult, you have bigger problems than the fact he can’t get a job and is still living with you.
  3. They can coast on their parents’ insurance until they turn 26, which increases their parents’ insurance costs, but then watch out! They’ll find out that it’s a cold, cruel world out there.
  4. We explained how the contraception coverage mandate will increase the costs for contraception.

Karmic Justice: The National Education Association’s endorsement of Barack Obama and the Democrats is costing teachers jobs!

But, but, but, I thought that the school districts were primarily run by liberals. And the National Education Association certainly supported Barack Obama’s presidential campaigns!

N.C. School District Cutting Substitute Teachers’ Hours Due To Obamacare

BY: Washington Free Beacon Staff | February 25, 2014 10:37 am

Substitute teachers in North Carolina are having their hours cut so the school district won’t have to pay for their health insurance under Obamacare, WITN-NC reports.

One district in Pitt County told a WITN reporter that they’d informed substitute teachers they could only work 12 days a month or 90 hours a month. It was not a decision they wanted to make, but the Obamacare mandate forced their hand.

The government is literally taking people out of work, said David Perry, a substitute teacher.

“I felt like they were telling me I couldn’t work when I wanted to work,” Perry said. “Who has a right to tell me I can’t work if a job is available? I was shocked.”

More at the link.

I don’t know if Mr Perry voted the way the NEA told him he should vote, but let’s be honest here: it is President Obama and the Democratic Party who are telling him that he can’t work! It was the Democrats who passed the Patient Protection and Affordable Care Act, without a single Republican vote, and President Obama who signed the thing into law. And the requirements of the PP&ACA are such that for Pitt County to allow him to work more than 30 hours a week, they would have to provide him with health insurance; the linked article noted that for the county to provide every substitute teacher with health insurance would cost the school district “upwards of $7 million.”

Of course, we told them so! It doesn’t matter how liberal or Democratic or sympathetic the school districts and administrators are; they still have budgets, and they still have to pay the bills, and the PP&ACA makes that harder for them to do. Anyone who knew the first thing about economics would have known that, but, then again, if liberals actually understood economics, they wouldn’t be liberals.

A Commander-in-Chief who has failed in his duty

It’s no surprise that Defense spending was going to have to be cut. With the war in Iraq over, and our slow withdrawal from Afghanistan in process, we were simply going to need less. But this has your Editor more than a little annoyed. From USA Today:

The budget calls for a 1% pay increase for most troops, although generals and admirals would receive a one-year pay freeze. Hagel said he wants to slow the growth of housing allowances and require active-duty and retired members of the military to make a larger contribution to their health care costs in the TRICARE program.

Future pay and pension questions, he said, will be handled by the Military Compensation and Retirement Modernization Commission, which is expected to issue its report in a year.

“Although these recommendations do not cut anyone’s pay, I realize they will be controversial,” Hagel said. “Congress has taken some important steps in recent years to control the growth in compensation spending, but we must do more.”

Now, contrast that with this story, from CBS News:

Why soldiers are increasingly relying on food stamps

The recent surge in food-stamp spending has prompted some critics to worry that the $76 billion program is creating an over-reliance on government handouts.

What these critics may not realize is that the Supplemental Nutrition Assistance Program is also increasingly relied upon by members of the U.S. armed forces, with patrons of military commissaries using food stamps to purchase $103.6 million worth of groceries in fiscal 2013.

That’s a 5 percent rise from 2012, and almost double the $52.9 million spent in 2009. That’s a faster pace of growth than the general population, since overall SNAP spending rose just 51 percent from 2009 through 2013, according to the U.S. Department of Agriculture.

One reason for jump in food-stamp usage among soldiers could be the relatively low pay awarded to junior members of the military, with the least experienced active duty soldiers bringing home a little over $18,300 per year. That would qualify a soldier living in a two-person household for food stamps.

But another significant issue facing military families is a relatively high unemployment rate for spouses, with female spouses between the ages of 18 to 24 suffering from a 30 percent unemployment rate, according to a February study published by the Institute for Veterans and Military Families. That’s almost three times higher than their civilian cohorts, the study found.

To be sure, while base pay for soldiers is low compared with other civilian careers, soldiers can receive bonuses and non-cash compensation such as free or subsidized housing and education.

The commissary system is one benefit enjoyed by soldiers, with the Defense Commissary Agency operating stores at bases across the globe. Groceries are sold at about one-third less than at commercial prices, which can save a family of four about $4,400 each year, the agency notes on its Facebook page.

Still, pressure on soldiers’ grocery budgets may only increase. The Pentagon is considering increasing prices at the commissaries, one option that would keep the stores open, the Military Times reported earlier this month. The Department of Defense had earlier considered closing the stores.

A bit more at the link.

So, here we have a Commander-in-Chief, the man to whom our soldiers, sailors, airmen and Marines owe their obedience, a man who is supposed to look out for the benefit of those servicemembers under his command, proposing an increase of 34.7% in the minimum wage, but holding the pay increases of the military to 1%,1 and concomitantly reducing their non-cash benefits, which will have the effect of reducing their real compensation.

The benefit to servicemembers in being able to shop at commissaries is huge. The CBS story noted that buying groceries at the commissary can save servicemembers and their families $4,400 a year, but the commissaries sell other things than groceries, from clothing — both civilian and military — to computers to electronics, and, depending on the base, really just about anything you could buy at WalMart.2

I’ll say it very bluntly: if you are in the military, or you have a family member in the armed forces, and you voted for Barack Hussein Obama, you are a fool. It is our military which keeps our country secure and free, and it is our servicemembers who should be better compensated than civilians, and it is our servicemembers to whom the Commander-in-Chief ought to have a sense of loyalty, and he treats them like [insert vulgar slang term for feces here.]

It is reasonably debatable just how large our military forces ought to be, with our combat commitments decreasing. We can quibble about how many divisions the Army ought to maintain, or how many carrier battle groups the Navy needs, but there should be no debate, no debate whatsoever, that our soldiers, sailors, airmen and Marines are not just underpaid but dramatically underpaid; if junior members are eligible for food stamps, then they are underpaid, period.
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  1. President Obama has also proposed a 1% pay increase for civilian federal workers, but the CBO noted that civilian federal workers enjoy slightly higher pay and significantly higher fringe benefits than comparable civilian workers. However, the Congressional Budget Office staffers who put together that study are, themselves, federal employees, and have a vested interest in making it look like they are not over-paid. Both The Heritage Foundation and the American Enterprise Institute found federal employees to be significantly better paid than private sector workers.
  2. Lest your Editor be accused of personal pleading here, though both of my daughters are in the United States Army Reserve, and can shop at military commissaries, neither of them nor your Editor and his wife live in places where commissaries are available. This is not a benefit your Editor or his family can use, other than on rare occasions.

Weakening The Country As Part Of “FUNDAMENTAL CHANGE”

How much more FundaMENTAL Change can the Country endure? I know the Anti-Military, More Welfare and Freebies crowd cheer this. But if you are going to defend a weaker Armed Forces in the Climate of the World today in favor of the Welfare State. Show Me where the Welfare State is in the Constitution vs. Supporting and Funding the Armed Forces. Below WW2 Strength is not acceptable in a World of Chaos.

Pentagon plans to shrink US Army to pre-WWII level

AFP
By Dan De Luce

Washington (AFP) – The Pentagon plans to scale back the US Army by more than an eighth to its lowest level since before World War II, signaling a shift after more than a decade of ground wars.

Saying it was time to “reset” for a new era, Defense Secretary Chuck Hagel recommended shrinking American forces from 520,000 active duty troops to between 440,000 and 450,000.

In a speech outlining the proposed defense budget, he said Monday that after Iraq and Afghanistan, US military leaders no longer plan to “conduct long and large stability operations.”

More on this Moron Move

http://news.yahoo.com/pentagon-proposes-shrink-us-army-pre-wwii-level-183915098.html;_ylt=AwrTWf1X8gtTyCsAGVTQtDMD

Promote Wombat-socho!

The Other McCain has page tabs for “Home,” “About Robert Stacey Stacy McCain” and “About Smitty” in the upper right hand corner, but is sadly, blatantly, missing an About Wombat-socho page. Why is this injustice being perpetrated, and for how long will it continue?

His Wombatness is the go-to guy for The Other McCain. He does the detail work, and collects the links for the

Naturally, he was modest and self-effacing when he read my comment, saying:

As the Unpaid Blog Intern and Token Papist, I’m happy enough to get my gruel ration in a timely manner.

His Wombatness is the go-to guy for The Other McCain. He does the detail work, and collects the links for the The Other McCain, collating not only the Rule 2 trackback links, but also the hugely important Rule 5 links for Mr McCain’s readership. And now that I find out he is a fellow Papist, I am even more determined to start a campaign to promote him to TOM’s front page, and increase both his salary and gruel allotment! Minimum wage is not enough to adequately compensate him for all of the work he does.

Rule 5 Blogging: Americans!

It’s the weekend and time, once again, for THE FIRST STREET JOURNAL’S version of Rule 5 Blogging. Robert Stacey Stacy McCain described Rule 5 as posting photos of pretty women somewhat déshabillé, but, on this site, our Rule 5 Blogging doesn’t put up pictures of Sarah Hyland in her summer clothes, but women, in full military gear, serving their countries in the armed forces. The terribly sexist authors on this site celebrate strong women, women who can take care of themselves and take care of others, women who have been willing to put their lives on the line in some not-so-friendly places, women who truly do have the “We can do it!” attitude. Click any photo to enlarge.

U.S. Army Pvt. 1st Class Jo Marie Rivera, left, a human resource specialist, and Sgt. 1st Class Rebecca Hamby, a military police officer, both with the 3rd Brigade Combat Team, maintain security for a Female Engagement Team chief during a consultation at a clinic in the Tarnak wa Jaldak district, Zabul province, Afghanistan, Sept. 18, 2013. (U.S. Army photo by Sgt. Kandi Huggins/Released)

Continue reading ‘Rule 5 Blogging: Americans!’ »