CFR backs amnesty for illegals = cheap labour
http://www.bizjournals.com/phoenix/stories/2009/07/06/daily39.html
The uber-establishment Council on Foreign Relations said Wednesday it favors granting legal status to many of the roughly 12 million illegal immigrants in the U.S., creating a guest worker program for low-skilled foreign workers to come and work in the U.S and opposes local police getting to conduct immigration raids.
The CFR issued an immigration policy report Wednesday that looks to lift caps on foreign university students in the U.S. and allow skilled foreign graduates to get more work visas. The international policy group also wants to create legal paths to citizenship for the estimated 12 million illegal immigrants already in the U.S.
The CFR also said local police should not take lead roles in immigration enforcements and workplace raids. Maricopa County Sheriff Joe Arpaio and Maricopa County Attorney Andrew Thomas have been conducting immigration raids and prosecutions against businesses hiring illegal immigrants, as well as drop-houses used by smugglers trafficking illegal immigrants into Arizona from Mexico.
The CFR report does not specifically mention Arpaio but the Valley’s sheriff is the most notable local enforcer of immigration laws in the U.S.
The CFR’s recommendations on guest workers and amnesty mirror plans to be pushed in Congress this year by President Barack Obama. Arizona State university professor Raul H. Yzaguirre and former Florida governor Jeb Bush served on the CFR task force that wrote the recommendations.
The group also wants the U.S. to tweek or ease some post 9/11 security measures that have discouraged immigration and foreign tourism into the U.S. and want the U.S. government to develop new technologies to secure border areas, verify workers’ employment status and enforce immigration laws.
The New York-based CFR is a heavyweight international policy group whose members includes powerful politicians, CEOs and university presidents as well as multinational corporations, media firms and private equity firms.
The Council’s corporate members include Bank of America, Goldman Sachs, American Express, Chevron, ExxonMobil Corp., Rothschild North America Inc., News Corp., General Electric, KBR Inc., Lockheed Martin, Raytheon Co., Soros Fund Management and Google Inc.
U.S. Sen. John McCain, former Arizona governor Bruce Babbitt, U.S. Homeland Security Secretary Janet Napolitano, Arizona State University President Michael Crow and Thunderbird School of Global Management president Angel Cabrera are Arizonans that are CFR members.
Other notable CFR members include:
• Former U.S. Secretaries of State Henry Kissinger, Colin Powell, James Baker and Madeline Albright.
• Former U.S. Treasury secretaries Henry Paulson and Robert Rubin.
• Financier George Soros and JP Morgan Chase & Co. CEO Jamie Dimon.
• Former Federal Reserve Bank chairmen Alan Greenspan and Paul Volcker.
• Former presidents George H.W. Bush, Jimmy Carter and Bill Clinton and former vice president Dick Cheney.
• Media notables such as NBC’s Tom Brokaw, News Corp. CEO Rupert Murdoch, Newsweek International editor and CNN commentator Fareed Zakaria and New York Times publisher Arthur Ochs “Punch” Sulzberger.
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amnesty = free visas to work..take the dirty jobs that americans wont do and keep the wage as low as possible..a 12 million strong work force ready to go at rates the elite like..like a lot..of course the CFR wants to push this agenda..and no nasty raids either..dont want to scare all the illegals from coming to the usa
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The article: Ben “Systemic Risk” Bernanke proves that Bernanke knowingly maintained a strict monetary policy long after he knew of the sub prime problem as he knew it would cause of the “Depression”.
It shows that he probably engineered it on purpose!
If you want to sleep tonight, Don’t Read It!
“In contradiction to the prevalent view of the time, that money and monetary policy played at most a purely passive role in the Depression, Friedman and Schwartz argued that “the [economic] contraction is in fact a tragic testimonial to the importance of monetary forces” (Friedman and Schwartz, 1963, p. 300).
…..
The slowdown in economic activity, together with high interest rates, was in all likelihood the most important source of the stock market crash that followed in October.
In other words, the market crash, rather than being the cause of the Depression, as popular legend has it, was in fact largely the result of an economic slowdown and the inappropriate monetary policies that preceded it.
Of course, the stock market crash only worsened the economic situation, hurting consumer and business confidence and contributing to a still deeper downturn in 1930.”
Governor Ben S. Bernanke
Money, Gold, and the Great Depression.
At the H. Parker Willis Lecture in Economic Policy, Washington and Lee University,
Lexington, Virginia.
March 2nd, 2004
You can read also: Preparing for the Crash, The Age of Turbulence Update: 27/07/09., which tries to accomplish Greenspan Mission Impossible:
“That is mission impossible. Indeed, the international financial community has made numerous efforts in recent years to establish such oversight, but none prevented or ameliorated the crisis that began last summer.
Much as we might wish otherwise, policy makers cannot reliably anticipate financial or economic shocks or the consequences of economic imbalances.
Financial crises are characterised by discontinuous breaks in market pricing the timing of which by definition must be unanticipated – if people see them coming, then the markets arbitrage them away.
…
The clear evidence of underpricing of risk did not prod private sector risk management to tighten the reins.
In retrospect, it appears that the most market-savvy managers, although conscious that they were taking extraordinary risks, succumbed to the concern that unless they continued to “get up and dance”, as ex-Citigroup CEO Chuck Prince memorably put it, they would irretrievably lose market share.
Instead, they gambled that they could keep adding to their risky positions and still sell them out before the deluge. Most were wrong.“
Alan Greenspan
The Age of Turbulence: Adventures in a New World [Economic Order?].
The Age of Turbulence: Plea for a New World Economic Order. explains the nature and causes of economic depressions and proposes a plausible alternative solut
thankyou yields