Mitt Romney Shows His Psychopathic Nature
with Economics of Ignorance
What do you suppose this man would do for the country if elected president? Hard to imagine that he would do anything other than serve himself and his cronies at the expense of the people. Read below what he has done, and realize that this has been going on since the 90s with thousands of companies under the influence of tamo-guna, the "mode of ignorance." I explain the "modes of nature" or "consciousness determinants" in my book Spiritual Economics. Without understanding the worldview of the Bhagavad-gita, including the modes of nature and the demonic nature as described there one cannot fully understand what is taking place in the world today. For that and for understanding the spiritual dimensions of life please read the Bhagavad-gita.
Here's the story from Paul Drockton:
Newt Gingrich's "Super PAC" has just released its South Carolina surprise, and its a doozy. The documentary is called "When Mitt Romney Came to Town". It interviews real people accross the United States that lost their jobs and communities to Mitt Romney, corporate raider.
The film also demonstrates how Romney bankrupted 4 relatively large companies for fun and personal profit. It seems that he really does enjoy firing people. Romney is accused of running "pump and dump" schemes whereby:
1. Bain Capital takes over a company
2. Romney drastically cuts payroll (fires employees) to raise company profits and starves production.
3. Lehman rates the company as a "strong buy" and the stock surges.
4. Romney heavily leverages the company with debt to sell his and Bain's stock in the company at a ridiculous profit.
5. Once Romney and Bain milk the company for all its worth, the stock price collapses.
6. Since Romney ran a Hedge Fund, it is more than likely that he and Bain also made a fortune in Put Options on the company's declining stock.
In one example:
"KB Toys was purchased and taken private in 2000 by the leveraged buyout firm of Bain Capital for $305 million, Bain announced the purchase on Dec. 8th, 2000. Only $18 million of the purchase money was cash, the rest was borrowed against the assets of the company. Sixteen months after the buyout, Bain Capital paid itself $85 million in dividends in early 2002. Two years later, due to... its enormous debt, on January 14, 2004, K·B Toys filed for Chapter 11 bankruptcy protection and closed 365 stores.
K·B closed 156 stores on November 8, 2007. The Gordon Brothers Group handled the liquidation of these stores. On February 9, 2009, K·B closed the remaining stores following the second bankruptcy filing in four years. In addition, K·B Toys' website was closed down.
The K·B Toys brand and related intangible assets were sold by Streambank LLC to Toys R Us on September 4, 2009 for a reported $2.1 Million." (Source)
This is such a good example of predatory economics--take a healthy profitable company and suck all of the money out of it that you can with dividends, likely rape the retirement funds of the employees, stiff those who held the stock by shorting it when you know it is going to collapse, and with then stiff creditors with chapter 11 proceedings. This is demonic behavior, and if the country elects this morally bankrupt scoundrel they will see him loot the entire country in the same way.
with Economics of Ignorance
What do you suppose this man would do for the country if elected president? Hard to imagine that he would do anything other than serve himself and his cronies at the expense of the people. Read below what he has done, and realize that this has been going on since the 90s with thousands of companies under the influence of tamo-guna, the "mode of ignorance." I explain the "modes of nature" or "consciousness determinants" in my book Spiritual Economics. Without understanding the worldview of the Bhagavad-gita, including the modes of nature and the demonic nature as described there one cannot fully understand what is taking place in the world today. For that and for understanding the spiritual dimensions of life please read the Bhagavad-gita.Here's the story from Paul Drockton:
Newt Gingrich's "Super PAC" has just released its South Carolina surprise, and its a doozy. The documentary is called "When Mitt Romney Came to Town". It interviews real people accross the United States that lost their jobs and communities to Mitt Romney, corporate raider.
The film also demonstrates how Romney bankrupted 4 relatively large companies for fun and personal profit. It seems that he really does enjoy firing people. Romney is accused of running "pump and dump" schemes whereby:
1. Bain Capital takes over a company
2. Romney drastically cuts payroll (fires employees) to raise company profits and starves production.
3. Lehman rates the company as a "strong buy" and the stock surges.
4. Romney heavily leverages the company with debt to sell his and Bain's stock in the company at a ridiculous profit.
5. Once Romney and Bain milk the company for all its worth, the stock price collapses.
6. Since Romney ran a Hedge Fund, it is more than likely that he and Bain also made a fortune in Put Options on the company's declining stock.
In one example:
"KB Toys was purchased and taken private in 2000 by the leveraged buyout firm of Bain Capital for $305 million, Bain announced the purchase on Dec. 8th, 2000. Only $18 million of the purchase money was cash, the rest was borrowed against the assets of the company. Sixteen months after the buyout, Bain Capital paid itself $85 million in dividends in early 2002. Two years later, due to... its enormous debt, on January 14, 2004, K·B Toys filed for Chapter 11 bankruptcy protection and closed 365 stores.
K·B closed 156 stores on November 8, 2007. The Gordon Brothers Group handled the liquidation of these stores. On February 9, 2009, K·B closed the remaining stores following the second bankruptcy filing in four years. In addition, K·B Toys' website was closed down.
The K·B Toys brand and related intangible assets were sold by Streambank LLC to Toys R Us on September 4, 2009 for a reported $2.1 Million." (Source)
This is such a good example of predatory economics--take a healthy profitable company and suck all of the money out of it that you can with dividends, likely rape the retirement funds of the employees, stiff those who held the stock by shorting it when you know it is going to collapse, and with then stiff creditors with chapter 11 proceedings. This is demonic behavior, and if the country elects this morally bankrupt scoundrel they will see him loot the entire country in the same way.
In this connection, a must read is: Political Ponerology by Andrew M. Lobaczewski at: http://ponerology.com/
ReplyDeleteHe very clearly describes the psychopathic character of many Political, Religious and Corporate leaders.
Once the disease has been diagnosed, an alternative system must first be designed, then modeled as an example for others to follow. From my perspective, there is no antidote for the economic diseases of the current social system. As such, a fully articulated alternative must be established as an alternative, rather than an antidote for the current system.
With respect and appreciation
Saragrahi Tarka Karapurnam
shri.apurvadaparidhi@gmail.com