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Tom Hyland

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Books by Tom Hyland
PROFITS & GOUGING
By Tom Hyland
Last edited: Monday, August 03, 2009
Posted: Monday, August 03, 2009



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Recent articles by
Tom Hyland

• GOOD PEOPLE vs. ARROGANT S.O.B's
• CONJUGATION OF VERBS
• RENT
• Fun With Some CON Words
• RACISM
• GOD BLESS THE @#%^ CORPORATIONS!
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           >> View all 375
Why 'APRIL FOOLS' in August?

NO category for FINANCIAL! How come?







PROFITS & GOUGING

© - Tom Hyland - 08-02-09


This is kind of a ‘Follow-up’ on my ‘Crooks in Congress’ recent theme. I was looking something up, and GOOGLE presented so much info thereon, I got the idea to BACK UP my previous rantings with info from other, more prominent, confirming sources.

Like everything else in life - you have to do some work yourself if you want to seek the TRUTH. No one is going to ‘spoon-feed’ you - especially when the MEDIA tends to be either biased, or filled with ‘canned’ propaganda!


PHARMACEUTICAL INDUSTRY -

From - http://www.actupny.org/treatment/PharmcoProfits.html


Pharmaceutical companies are in the business
of making money from people's sickness.

This is post by Scott Gottlieb in 2002 - 7 years ago!

That, Dear Readers, is only the HEADLINE - do yourself a favor - go there and read the details! I tried to copy & paste a very pertinent section, but the format did not allow it. Note the word ‘sickness’ in the heading - it is NOT ‘wellness’!

As an industry, the PHARMS have grossed Profits of 4-5 Times that of ALL other industries - including OIL! Understand this - IF the other major industries had a pretty good year, and squeaked out a mere 10%, on average - THEN - the Pill Pushers made 40% or 50% - just why is this?

Could it be a - CAPTIVE AUDIENCE OF ADDICTED MILLIONS -
THAT THAT DON’T REALLY WANT TO CURE?

While the rest of our economy, as well as the world-at-large, was heading down the ‘CRAPPER’ - SICK PEOPLE STILL HAVE TO TAKE THEIR DAILY PILLS - DON’T THEY?

“Build it and they will come!” - ADDICTION - THAT IS!

Please note that I did not bother to put a separate heading for the CHEMICAL INDUSTRY - because they fall right in line - in collusion with the PHARMS!


OIL INDUSTRY -

From - http://www.theoildrum.com/node/2571

Oil Company Profits and High Gas Prices: Here We Go Again
Posted by Prof. Goose on May 22, 2007 - 4:45pm
A re-print from 2005, and 2006 -

AGAIN - I was unable to copy and paste - there is some really good ‘poop’ here - it explains, in depth, how the whole SYSTEM works - to OUR DETRIMENT!

From Drilling, Producing Crude, to Transporting, to Refining, to Distributing, to the LOCAL GAS PUMPS - the Individual Station Owners are the Worst Offenders, the Worst ‘GOUGERS’ - “CHARGE WHAT THE TRAFFIC WILL BEAR” seems to be their motto!

What they charge Per Gallon has NOTHING to do with Oil Barrel Prices - PURE GREED - and guess what, Pilgrims - The Government does NOTHING to control or stop them! Federal, State, City, County - ALL simply SLAP ON MORE TAXES FOR THEIR COFFERS!


INSURANCE INDUSTRY -

From - http://newsbusters.org/node/10945

GMA Anchor Slams Insurance Industry Profits; Highlights Calls for More Regulation

Posted by Scott Whitlock - Feb. 29, 2007 -

This article was all about the HUGE PROFITS REAPED by insurance companies - right AFTER THE HURRICANE KATRINA FIASCO!

GO - READ - LEARN - THEN, WAKE UP - BITCH - MOAN - GROAN!

The current major concentration is about how the insurance companies, and the industry as a whole, are still SCREWING THE PUBLIC - by their control of the Healthcare Industry -

Denying claims, hidden clauses in contracts to hide the absence of coverages for Catastrophic Illness and Major Medical Claims, Pre-Existing Conditions, Exorbitant Deductibles and Co-Pays, Cancelling Policies of people and families who have LOST THEIR JOBS - LOST THEIR HOMES - LOST THEIR DIGNITY!

Meanwhile - the CEO’s, Executives, Boards of Directors, and even some Stockholders are living ‘HIGH OFF THE HOG!’

WALL STREET ‘FORMER’ PROFITS -

From -
http://seekingalpha.com/article/81675-where-did-wall-street-s-profits-go


Where Did Wall Street's Profits Go?

by: Barry Ritholtz June 17, 2008

His quote from the NYT -

“Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of the profits that major banks reaped during that age of riches have vanished.
The numbers are staggering. Between early 2004 and mid-2007, a period of unprecedented wealth on Wall Street, seven of the nation’s largest financial companies earned a combined $254 billion in profits.
But since last July, those same banks — Bank of America, Citigroup, JPMorgan Chase, Lehman Brothers, Merrill Lynch, Goldman Sachs and Morgan Stanley — have written down the value of the assets they hold by $107.2 billion, gutting their earnings and share prices. Worldwide, the reckoning totals $380 billion, much of which reflects a plunge in the value of tricky mortgage investments."

For you really enthusiastic financial ‘Whizzes’ out there, this article includes a few charts and graphs, to whet your appetite - one in particular shows the Seven Biggest Corps Ratios of EARNINGS to WRITE-DOWNS -

By a mere ‘stroke of the pen’ so to speak, they were able to EVAPORATE their prior EXORBITANT PROFITS -

“SEE BOSS - I’M BROKE - I NEED HELP - I NEED A RAISE!”

and Congress says - “DUH ! OKAY !”

Again, do yourself a favor, and wake up! The ‘Handwriting was on the Wall’ the BIG WHEELS - CEO’s AND CONGRESS KNEW IT - but passed their STUPIDITY and GREED onto our childrens’ and grand-childrens’ BACKS!




SUMMARY


When huge corporations of every kind and description have ‘HAY-DAYS’ don’t you think that they should be sensible enough to ‘SQUIRREL AWAY’ some of those immense profits - for a ‘RAINY DAY?’

When an individual like you or I does not do so - we are labeled as - STUPID! The old tale of the Fiddling Grasshopper and the Diligent Ant comes to my mind.

CORPORATIONS of every industry have been SCREWING US for over a half of a CENTURY - and the ‘Government’ ASSISTS THEM!

What is wrong with this Picture?

Imagine the TITANIC sinking -

the CAPTAIN and all the OFFICERS own, control, and have -

ALL THE LIFE-JACKETS and LIFE-BOATS - which they HOARD -

only occasionally releasing a mere handful, here and there -

to actually CAUSE PANIC and DISPAIR ...

Is that how Capitalism and Profit-Seeking is SUPPOSED to work?


... and THE SILENT MAJORITY JUSTS KEEPS TREADING WATER ...


GULP! GULP! GULP!


© - TKH



f

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Reviewed by J'nia Fowler
You are going to have to rise up and storm the Bastille I think. But then those at the top know this and have plans at the ready when this occurs. I'm afraid you are sinking and are on the last plunge before it's over and you become the 3rd world country you have made of others.
Reviewed by Georg Mateos
"...the silent majority just keeps treading water..." Oh! that silent majority...I have heard of it before until I pucked!
Hear United Schmucks of America, you have got always the government you deserved, from con men to outright criminals, and you voted for them twice! to maintain the charade going.
Now, what's the beef? You thought that "yes, you can"? how dumb you are, no wounder China are selling you lead for gold.

Georg


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