The Fascist War Against Small Business Persists

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The Fascist War Against Small Business Persists /realnews/ archiver 12/05/15 (Sat) 19:40:16 No.353

The Fascist War Against Small Business Persists

Banks are sending notices of account closure out to small businesses across the country, to clients they've done business with for years, even decades. The reason? They often don't provide one.

But a growing number of business owners believe they know why they're being cut off from the financial system. It's Operation Choke Point, ostensibly an attempt to crack down on fraudulent businesses, but in reality a dragnet that has ensnared innocent entrepreneurs unfairly classified as "high-risk" players.

Earlier this year, Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg told Congress that Choke Point was over, but many business owners believe the FDIC and the Department of Justice have passed enforcement duties along to a newly created independent agency: the Consumer Financial Protection Bureau (CFPB), the brainchild of progressive senator Elizabeth Warren (D-Mass.). The CFPB operates under the guidance of the Federal Reserve and doesn't rely on Congress for funding, which critics say allows it to operate without any meaningful checks on its power.

Reason TV profiled two business owners who believe they've been targets of Choke Point and its legacy: a payday lender in Southern California and a hookah seller in North Carolina. Brian Wise of the U.S. Consumer Coalition, an organization that's been compiling Choke Point stories from across the nation, also appears in the video.

https://www.youtube.com/watch?v=fcNV4PTjED8

Watch the video above for a deeper look into the covert financial regulation affecting small businesses across the nation.

https://archive.is/lQenN

http://reason.com/blog/2015/09/06/watch-the-governments-secret-war-on-smal

MAJOR PROBLEM: Government Employees Outnumber Manufacturing Employees /realnews/ archiver 12/05/15 (Sat) 19:40:45 No.354

MAJOR PROBLEM: Government Employees Outnumber Manufacturing Employees

Those employed by government in the United States in August of this year outnumbered those employed in the manufacturing sector by almost 1.8 to 1, according to data published by the Bureau of Labor Statistics.

There were 21,995,000 employed by federal, state and local government in the United States in August, according to BLS. By contrast, there were only 12,329,000 employed in the manufacturing sector.

The BLS has published seasonally-adjusted month-by-month employment numbers for both government and manufacturing going back to 1939. In the first 50 years of the 76-year span since then, manufacturing out-employed government. But in August 1989, government overtook manufacturing as a U.S. employer.

That month, government employed 17,989,000 and manufacturing employed 17,964,000.

Since then, government employment has increased 4,006,000 and manufacturing employment has declined 5,635,000.

And people still wonder why our economy is in poor shape?

https://archive.is/9NJ9x

http://cnsnews.com/news/article/terence-p-jeffrey/21955000-12329000-government-employees-outnumber-manufacturing