Forcibly Amputated Male Foreskins Profit Cosmetic, Biotech Industries

This is from two of the references in my circumcision paper linked above.  No one reads footnotes so I thought I’d call attention to this specific problem.  They used to call this “human vivisection” but these days it’s just business as usual.  And if you think this is the worst depravity that you’ll find in the paper, check out the links in reference 102.  Or hell, check out reference 9, that’s bad enough.  This is emperor’s new clothes stuff.  All it takes is mass awareness and the resultant mass outrage will put a stop to it.  No one is listening to the babies because they don’t speak gramatically correct english while they’re being sexually tortured.  Will you help speak for them?

Medical Journal Articles from 1969 to 1998 Documenting
The Use of Human Foreskins in Medical, Pharmaceutical, and Other Commercial Enterprises

A universal MEDLINE search on 25 April 1998 using the key words “Foreskin Fibroblasts” (the term used for harvested foreskins after they are processed for sale) yielded 471 articles. The articles with “human foreskin fibroblasts” in their titles are listed below.
PGE1 but not PGI2 desensitizes the PGI2 receptor-adenylate cyclase complex in human foreskin fibroblasts. Gorman-RR; Hopkins-NK. Adv-Prostaglandin-Thromboxane-Res. 1980; 8: 1717-21.

Agonist-specific desensitization of PGI2-stimulated cyclic AMP accumulation by PGE1 in human foreskin fibroblasts. Gorman-RR; Hopkins-NK. Prostaglandins. 1980 Jan; 19(1): 2-16.

Inhibition of androgen binding in human foreskin fibroblasts by antiandrogens. Brown-TR; Rothwell-SW; Sultan-C; Migeon-CJ. Steroids. 1981 Jun; 37(6): 635-48.

Growth of human foreskin fibroblasts in a serum-free, defined medium without platelet-derived growth factor. Weinstein-R; Hoover-GA; Majure-J; van-der-Spek-J; Stemerman-MB; Maciag-T. J-Cell-Physiol. 1982 Jan; 110(1): 23-8.

Characterization of steroid binding specificity of the androgen receptor in human foreskin fibroblasts. Cunningham-GR; Lobl-TJ; Cockrell-C; Shao-TC; Tindall-DJ. Steroids. 1983 May; 41(5): 617-26.

Inhibition of androgen metabolism and binding by a liposterolic extract of “Serenoa repens B” in human foreskin fibroblasts. Sultan-C; Terraza-A; Devillier-C; Carilla-E; Briley-M; Loire-C; Descomps-B. J-Steroid-Biochem. 1984 Jan; 20(1): 515-9.

Preferential binding of benzo[a]pyrene diol epoxide to the linker DNA of human foreskin fibroblasts in S phase in the presence of benzamide. Kurian-P; Jeffrey-AM; Milo-GE. Proc-Natl-Acad-Sci-U-S-A. 1985 May; 82(9): 2769-73.

Cryptic urokinase binding sites on human foreskin fibroblasts. Bajpai-A; Baker-JB. Biochem-Biophys-Res-Commun. 1985 Dec 17; 133(2): 475-82.

Intracellular modification of 125I-labeled epidermal growth factor by normal human foreskin fibroblasts. Schaudies-RP; Savage-CR Jr. Endocrinology. 1986 Feb; 118(2): 875-82.

Specific BPDE I modification of replicating and parental DNA from early S phase human foreskin fibroblasts. Ribovich-ML; Kurian-P; Milo-GE. Carcinogenesis. 1986 May; 7(5): 737-44.

The influence of 4-hydroxy-4-androstene-3,17-dione on androgen metabolism and action in cultured human foreskin fibroblasts. Hsiang-YH; Berkovitz-GD; Brown-TR; Migeon-CJ; Brodie-AM. J-Steroid-Biochem. 1987 Jan; 26(1): 131-5.

Growth control of human foreskin fibroblasts and inhibition of extracellular sialidase activity by 2-deoxy-2,3-dehydro-N-acetylneuraminic acid. Usuki-S; Hoops-P; Sweeley-CC. J-Biol-Chem. 1988 Aug 5; 263(22): 10595-9.

Cultured human foreskin fibroblasts produce a factor that stimulates their growth with properties similar to basic fibroblast growth factor. Story-MT. In-Vitro-Cell-Dev-Biol. 1989 May; 25(5): 402-8.

Epidermal growth factor stimulates phosphatidylinositol turnover in human foreskin fibroblasts without activation of protein kinase C. Thompson-DM; Thomas-C; Kinsey-G. J-Cell-Biochem. 1989 Dec; 41(4): 201-5.

Quantitative evaluation of the effects of human carcinogens and related chemicals on human foreskin fibroblasts. Kurian-P; Nesnow-S; Milo-GE. Cell-Biol-Toxicol. 1990 Apr; 6(2): 171-84.

Laminin on Toxoplasma gondii mediates parasite binding to the beta 1 integrin receptor alpha 6 beta 1 on human foreskin fibroblasts and Chinese hamster ovary cells. Furtado-GC; Cao-Y; Joiner-KA. Infect-Immun. 1992 Nov; 60(11): 4925-31.

Avian sarcoma virus RNA synthesis, RNA splicing and virus production in human foreskin fibroblasts: effect of co-infection with human cytomegalovirus. Knight-JB; Stinski-MF; Stoltzfus-CM. J-Gen-Virol. 1993 Dec; 74 (Pt 12): 2629-36.

Subcellular localization of annexins in human foreskin fibroblasts. Barwise-JL; Walker-JH. Biochem-Soc-Trans. 1995 Feb; 23(1): 35S.

Annexins II, IV, V and VI relocate in response to rises in intracellular calcium in human foreskin fibroblasts. Barwise-JL; Walker-JH. J-Cell-Sci. 1996 Jan; 109 ( Pt 1): 247-55.

Bradykinin induces tyrosine phosphorylation in human foreskin fibroblasts and 293 cells transfected with rat B2 kinin receptor. Tippmer-S; Bossenmaier-B; Haring-H. Eur-J-Biochem. 1996 Mar 15; 236(3): 953-9.

Haemophilus ducreyi hemolysin acts as a contact cytotoxin and damages human foreskin fibroblasts in cell culture. Alfa-MJ; DeGagne-P; Totten-PA. Infect-Immun. 1996 Jun; 64(6): 2349-52.

An isogenic haemolysin-deficient mutant of Haemophilus ducreyi lacks the ability to produce cytopathic effects on human foreskin fibroblasts. Palmer-KL; Goldman-WE; Munson-RS Jr. Mol-Microbiol. 1996 Jul; 21(1): 13-9.

Subcellular localization of annexin V in human foreskin fibroblasts: nuclear localization depends on growth state. Barwise-JL; Walker-JH. FEBS-Lett. 1996 Sep 30; 394(2): 213-6.

Attachment of Haemophilus ducreyi to human foreskin fibroblasts involves LOS and fibronectin. Alfa-MJ; DeGagne-P. Microb-Pathog. 1997 Jan; 22(1): 39-46.

Foreskins For Sale

“Parents should be wary of anyone who tries to retract their child’s foreskin, and especially wary of anyone who wants to cut it off. Human foreskins are in great demand for any number of commercial enterprises, and the marketing of purloined baby foreskins is a multimillion-dollar-a-year industry.”

Where Is My Foreskin? The Case Against Circumcision

Paul M. Fleiss, MD

Mothering (The Magazine Of Natural Family Living)

Winter 1997, page 39

Since the 1980s, private hospitals have been involved in the business of supplying discarded foreskins to private bio-research laboratories and pharmaceutical companies who require human flesh as raw research material. They also supply foreskins to transnational corporations such as Advanced Tissue Sciences of San Diego, California, [1] Organogenesis, [2] and BioSurface Technology, [3] who have recently emerged to reap new corporate profits from the sale of marketable products made from harvested human foreskins. In 1996 alone, Advanced Tissue Sciences could boast of a healthy $663.9 million market capitalization performance.[4]

A short history of the institutionalization of involuntary sexual mutilation in the United States. Hodges F. in: Denniston GC, Milos MF (eds). Sexual Mutilations: A Human Tragedy. New York: Plenum Press. 1997:17-40.

[1]. Forget pork bellies, now it’s foreskins. Manson B. San Diego Reader (May 4, 1995): 12, 14 passim.

[2]. New skin twin life- and look-save. Brewer S. Longevity (September 1992): 18.

[3]. Companies see $1.5b market in replacement skin products. Rosenberg R. Boston Globe (October 19, 1992): 22-23.

[4]. Biotech’s Big Discovery. Hall CT. San Francisco Chronicle. October 25, 1996: E1, E4.

The after market for human foreskin is where the real money is made. Foreskins are sold to biomedical companies, which use them in the manufacture of insulin. They’re also sold to middlemen, who package them for sale to research companies that in turn use them for biochemical analysis. Corporations such as Advanced Tissue Sciences (ATS), Organogenesis, BioSurface Technology, Genzyme, and Ortec International are taking cells from amputated foreskins and experimenting with artificial skin. Products like Dermagraft-TC, which sells for about $3,000 per square foot, are grown from the cells in infant foreskins and used as a temporary wound covering for burn patients. One foreskin contains enough genetic material to grow 250,000 square feet of skin.

Circumcision. Daecher M. Icon 1998;2(2):70-3.

ICCPR’s [International Covenant on Civil and Political Rights, UN GA Resolution 2200 A (XXI)] slavery, forced labor, and traffic in persons includes the industry of a growing number of American medical hospitals and medical professionals colluding with scientific agencies harvesting neonatal foreskins for skin grafts, i.e., as compulsory organ donation.

Associations like Organogenesis (Canton, MA) have received approval from the USA’s Food and Drug Administration (FDA) for its foreskin-based GraftskinTM, and has served Western Pennsylvania Hospital, with additional studies conducted at Yale University and Boston University (Stephen Brewer, New Skin Twin Life- and Look-Saver. Longevity September 1992: 18).

Another profit-oriented tissue engineering company, Advanced Tissue Sciences (La Jolla, CA), retrieves foreskins from hospitals so one foreskin can create 250,000 square feet of dermis … [T]he annual market for dermis could be $1 billion to $2 billion. Advanced Tissue Sciences has sold about $1 million worth of cultured dermis to Proctor & Gamble, Helene Curtis, and other such businesses for pre-market testing. Advanced Tissue Science’s foreskin-derived merchandise held a $32 million stock offering in the beginning of 1992 (Julie Pitta. Biosynthetics. Forbes 10 May 1993: 170-171). [The 32-page Advanced Tissue Sciences, Inc. 1997 Annual Report refers to “fibroblasts” but does not contain the word “foreskin.”]

A Boston Globe frontispiece to its Business section reads: Companies See $1.5b Market in Replacement Skin Products. This article reveals another enterprise of genital mutilation-cum-scientific advance: BioSurface Technology of Cambridge, MA. All three companies face no shortage of hoarding and retailing foreskins, and are motivated by individuals like Dr. Tania Phillips, professor of dermatology at Boston University of Medicine, insisting foreskin gathering and cultivating is scientifically and technologically “very promising.” (Ronald Rosenberg. 19 October 1992: 22-23).

The International Human Rights Challenge of Genital Mutilation & the United Nations: Initiating a Global Dialogue on the Transcultural, Multireligious, & Interdisciplinary Dimensions of Appropriating Universal Human Rights Paradigms. Zavales A. Ecumenics International Press, 1994, p. 49, footnote 34.

THE WOODLANDS, Texas–(BUSINESS WIRE)–May 16, 1995– LifeCell Corporation (Nasdaq:LIFC) today announced the culturing of human neonatal foreskin keratinocytes onto AlloDerm(R), LifeCell’s universal dermal tissue graft, to form a fully differentiated, epidermal skin layer which was then successfully grafted to an animal model. The research demonstrates the potential for generating a durable, off-the-shelf cultured skin graft product which exhibits reduced complications from blistering or scarring, according to Paul Frison, president and chief executive officer … CONTACT: LifeCell Corporation, The Woodlands / Jane Lea Hicks, 713/367-5368.

The Internet. Transmitted: 95-05-16.

One educated nurse from San Antonio told me they have to save infants’ amputated foreskins because the hospital’s Department of Oral Surgery uses them for reconstructive surgery of the inner lining of the mouth!

Report on the 1995 American Academy of Pediatrics San Francisco Convention. DeSeabra R. Intact Network Newsletter 11/1/95.

Lajolla, California. A U.S. Food and Drug (FDA) Committee recommended FDA approval of Dermagraft, artificial skin made from circumcised baby foreskins to treat diabetic foot ulcers, on condition that manufacturer Advanced Tissue Sciences, Inc., do a post-marketing study. NOCIRC’s attorney was given just five minutes to speak to the Committee in defense of the babies whose foreskins are cut off a marketed without their consent.

NOCIRC Annual Report, Spring 1998

Into these tubs, the workers add skin cells harvested from the foreskins of circumcised newborns … The two companies are independently seeking approval: Organogenesis Inc. of Canton, Mass and Advanced Tissue Sciences Inc. of La Jolla, Calif … each starts with a baby’s foreskin, a consistent, readily available source. Plus young skin grows better. One piece of foreskin can produce four acres of engineered skin with a five-day shelf life.”

The Latest From The Labs: Human Skin, The FDA is about to approve commercial use of living tissue grown by two biotech outfits.  Business Week, May 1998, Science and Technology, page 118-122

WASHINGTON (Reuters) – A new product made of human skin cells won FDA approval for use in treating certain kinds of wounds Tuesday [May 26, 1998].

The product, called Apligraf, is made of human skin cells mixed with collagen from cattle. It is made by Canton, Massachusetts-based Organogenesis.

The Food and Drug Administration said it had approved the product for use in treating venous skin ulcers, which are hard to heal because of a lack of blood flow to the skin.

“This condition is estimated to affect thousands of Americans each year, and its treatment often requires multiple surgeries,” the FDA said in a statement.

“Although Apligraf will not eliminate the need for standard treatment, it use may enhance and shorten the healing process.”

Novartis Pharmaceuticals Corp. has global marketing rights to Apligraf, the company said in a statement.

In addition to venous leg ulcers, Apligraf has been studied in burns and in skin surgery. A trial is under way in diabetic ulcers and one is expected to begin in bedsores, also known as pressure sores, later this year.

Experts say tissue engineering is starting to transform the way patients with flesh wounds are being treated.

Apligraf is made with live cells from the foreskin of a newborn’s penis — used because babies are regularly circumcised and the tissue is young and available — mixed with tissue from a cow.

“Its special composition allows it to provide wound protection and to foster the growth of healthy new skin,” the FDA said.

Reuters, 29 [?] May 1998


Sign on wall near baby being circumcised

Photograph, Parenting Magazine, July/August 1989, page 58  [The words underneath are too small to read.]

Other Published Materials Documenting the

Commercial Use of Harvested Human Foreskins

Cultured skin: applications are growing. Blacker L. Harvard Magazine (1988):4, 6, passim.

Foreskins Used in Skin Ulcer Treatments. Editor. American Medical News (October 27, 1989):38.

Treatment of skin ulcers with cultured epidermal allografts. Phillips TJ, Kehinde O, Green H, Gilchrest BA. Journal of the American Academy of Dermatology 1989;21:191-9.

So that’s what they do with it. Editor. New Physician (May-June, 1989):51.

Babies’ foreskins are used to grow tissue for burn victims. McKee R. The Gazette (Montreal) (April 5, 1995):A1-A2.

Artificial graft derived from foreskins offers diabetics hope. Mihill C. Guardian (September 5, 1997).

New tissue uses reopen circumcision debate. Foreman J. Boston Globe (January 26, 1998):C01.

BDA panel urges artificial skin. Neergaard L. Los Angeles Times (January 30, 1998). […t=/var/tmp/34d1a/aaa006brd1a83d&]

Smith & Nephew pioneers “engineered skin” treatment. Yates A. Independent (February 27, 1998):23-4.

Another Sexual Blackmail Network Uncovered

This is getting ridiculous.  Of course blackmailing priests is not nearly as toxic as blackmailing politicians and military brass.  But it seems the world revolves around sexual blackmail. And this is a generic problem with institutions in general. All hierarchies of power attract blackmailers because some fraction of the population is vulnerable to blackmail. The easiest way to combat this problem would be to only appoint/elect women to such hierarchies. It wouldn’t eliminate the threat, but it would reduce it significantly.

A potentially explosive report has linked the resignation of Pope Benedict XVI to the discovery of a network of gay prelates in the Vatican, some of whom – the report said – were being blackmailed by outsiders.

The pope’s spokesman declined to confirm or deny the report, which was carried by the Italian daily newspaper La Repubblica.

The paper said the pope had taken the decision on 17 December that he was going to resign – the day he received a dossier compiled by three cardinals delegated to look into the so-called “Vatileaks” affair. …

In an apparent quotation from the report, La Repubblica said some Vatican officials had been subject to “external influence” from laymen with whom they had links of a “worldly nature”. The paper said this was a clear reference to blackmail.

It quoted a source “very close to those who wrote [the cardinal’s report]” as saying: “Everything revolves around the non-observance of the sixth and seventh commandments.”

The seventh enjoins against theft. The sixth forbids adultery, but is linked in Catholic doctrine to the proscribing of homosexual acts. …

Two weeks ago, [retired archbishop of los angeles] Mahony was relieved of all public duties by current Los Angeles Archbishop Jose Gomez. What The New York Times called “an extraordinary moment in Catholic Church history” occurred after long-sought documents revealed that Mahony actively worked to protect priests who were abusing children from ­police, rather than protect victims from their abusers.

Some 12,000 pages of records revealed that Mahony covered up hundreds of allegations of clerical abuse in the 1980s. Given the revelations of the past decade, that is not news; that is part of a pattern. But Gomez’s bluntness in confronting it is different. As he wrote to parishioners, “The behavior described in these files is terribly sad and evil. There is no excuse, no explaining away what happened to these children.” …

Strike Debt

Syracuse University art professor Thomas Gokey earned his Master of Fine Arts degree five years ago, but remains chained to his alma mater by $49,983 of debt. Soon after he graduated, the grim prospect of indefinite payments inspired its own art piece.  Gokey put his debt up for sale in reconstituted squares of shredded money from the Federal Reserve, which he called “Total Amount of Money Rendered in Exchange for a Masters of Fine Arts Degree to the School of the Art Institute of Chicago, Pulped into Four Sheets of Paper.”

The project got good press, but the debt remained. Gokey continued to think about how debt controls people’s lives, and this year, together with the activist group Strike Debt, he helped organize a bold “People’s Bailout” called the Rolling Jubilee, which has raised over $465,000.  Bringing that money to the marketplace where collections companies buy and sell debt for pennies on the dollar, Strike Debt intends to purchase about $9 million of Americans’ medical and educational debt—and then cancel it.

Strike Debt, which grew out of Occupy Wall Street, wants to foment conversation about the debt we rack up in pursuit of basic needs, and the industries that profit from that debt. Gokey is currently on a year-long unpaid leave from teaching to help organize the Rolling Jubilee and upcoming Strike Debt projects. …

Are You Ready for Victory?

You all took at least one US Government class. You learned US federal government is limited in power by our Constitution. “Limited government” prevents unlimited or dictatorial power.

Given our unalienable rights and Constitution, We the People have a choice: either honor and uphold our freedoms under law, or surrender to “emperor has no clothes” obvious criminals. Many Americans have Oaths to “support and defend the Constitution of the United States against all enemies, foreign and domestic.”

Are you ready for victory now? Or do you choose to support and defend crimes that annually kill millions, harm billions, and loot trillions of our dollars while destroying our honor and damning our children to tyranny?

You are capable of verifying the simplest of facts, and will quickly recognize and confirm the following US acts are obvious crimes:

  • US armed attacks, invasions, and occupations of foreign lands are unlawful Wars of Aggression. Two treaties, the Kellogg-Briand Pact and UN Charter, make armed attacks on another nation unlawful unless in response to armed attack by that nation’s government. It’s icing on the legal cake that all “reasons” given for war to Americans, our military, and the world are now disclosed by our own official documents as known to be false as they were told. Moreover, such US wars have killed 20-30million since WW2.
  • Fraud is the crime of misrepresentation that causes harm. The US bankster economy uses fraud to transfer trillions annually from We the People to them. This criminal “1%” represent our “debt-supply” as a “money supply,” represent bank debt that they made out of nothing as “loans,” and represent escalating government debts as having no solutions except our austerity rather than presenting obvious solutions. This fraud costs Americans increasing work (if they can get work), increasing debt, inflation, deprivation of public services, and a transfer of wealth to a criminal-colluding 1% that hide ~$20 to $30 trillion in protected tax havens. About one million children die from preventable poverty every month from “developed” nations’ reneged promises for annual investment equal to one-half of one percent of this tax-free wealth for about ten years. Ending poverty reduces population growth in all historical cases, and according to the CIA is the best way to end terrorism.
  • The 2006 Military Commissions Act and NDAA 2012 attack and remove nearly all Rights under the US Constitution. These are passed pieces of legislation, but not laws Americans should follow because “laws” that obviously violate the Constitution are void. The criminal claim that the Executive Branch can detain anyone on their dictate forever, or even assassinate upon dictate (even 16-year-old American children) is an obvious crime. Here are our unalienable rights under attack from “laws” mocking the Constitution.

You therefore recognize that US Presidents, leadership of both parties in Congress, and corporate media all act and lie for the worst crimes imaginable for a nation to commit. They do so relentlessly and increasingly. In case you consider state-level “leadership” of our Left and Right arms of fascism any better, they lie and hoard literal billions and trillions in surplus taxpayer accounts while demanding our austerity. This is what the CAFR scam is about.

Finally, you rightfully conclude:

  • The lawful response to these crimes is immediate arrests, not mere consideration of impeachment committee consideration or media banter about proper leadership. For four years I’ve offered Truth and Reconciliation for these criminals that is still open; my colleagues and I receive silence and escalated criminality that kill millions, harm billions, and loot trillions.
  • The rule of law is meant for all to understand, and that if we can master rules in sports we MUST MASTER AND ENFORCE rules that millions and billions of human beings rely upon people of good hearts and minds to uphold.
  • You’re smart enough, you’ve seen enough, and you’re ready right now for victory over psychopathic criminals in US “leadership.”

We will be victorious, as Muse’s Uprising lyrics artistically states, because We the People choose justice over War Crimes, prosperity over imposed poverty, and unleashing the human spirit discover human life after our control is ended.

The only missing pieces are critical mass recognition of the US 99% of the vicious crimes of our 1% “leadership,” and our exercise of lawful rights to end “emperor has no clothes” obvious crimes.

Act as your heart and mind best inform you.

You are ready for victory.

Be proud of who you are.

Either arrest them or they will murder you as their ancestors likely murdered your ancestors.

Why Is JPMorgan’s Gold Vault Located Next To The New York Fed?

That the topic of the gold “held” by the New York Fed – historically considered the gold vault with the largest concentration of gold bars in the world – has become rather sensitive, in the aftermath of the Bundesbank’s request to repatriate it (surely, but very, very slowly), is an understatement. Yet in the aftermath of some of the revelations presented here, we believe quite a few other countries will follow in Germany’s footsteps for one very simple reason: suddenly the question of whether their gold is located at 33 Liberty, or just adjacent to it, in what we have learned is the de facto largest private gold vault in the world, located across the street 90 feet below 1 Chase Manhattan Plaza, doesn’t appear to have a clear answer. …

Are we on the verge of a run on the NY Fed?

Max Keiser: Prof. Fekete, Gold and Austrians

This is an enlightening, if somewhat arcane, look at the role of precious metals in the world money system and provides some insight into “Austrian School” economic philosophy. It’s unusual for Max to hold a guest over for two episodes. You will see why.

Max talks to renowned mathematician and monetary scientist Professor Antal Fekete about the gold basis – cash versus the nearest futures contract and why the cash price for gold never being reported is by design. They also discuss gold repatriation from Germany as a trial balloon, to see how much demand there is for cash gold and how it is that permanent backwardation means internal bleeding in the monetary system. Part 2 discusses elimination of silver as money, an event that saw value and liquidity wiped out, and they compare the two giants of Austrian School of Economics – Carl Menger and Ludwig von Mises – with the biggest difference being that Menger did not believe in the quantity theory of money.

The Missing Recovery

Officially, since June 2009 the US economy has been undergoing an economic recovery from the December 2007 recession. But where is this recovery? I cannot find it, and neither can millions of unemployed Americans.

The recovery exists only in the official measure of real GDP, which is deflated by an understated measure of inflation, and in the U.3 measure of the unemployment rate, which is declining because it does not count discouraged job seekers who have given up looking for a job.

No other data series indicates an economic recovery. Neither real retail sales nor housing starts, consumer confidence, payroll employment, or average weekly earnings indicate economic recovery.

Neither does the Federal Reserve’s monetary policy. The Fed’s expansive monetary policy of bond purchases to maintain negative real interest rates continues 3.5 years into the recovery. Of course, the reason for the Fed’s negative interest rates is not to boost the economy but to boost asset values on the books of “banks too big to fail.”

The low interest rates raise the prices of the mortgage-backed derivatives and other debt-related assets on the banks’ balance sheets at the expense of interest income for retirees on their savings accounts, money market funds, and Treasury bonds.

Despite recovery’s absence and the lack of job opportunities for Americans, Republicans in Congress are sponsoring bills to enlarge the number of foreigners that corporations can bring in on work visas. The large corporations claim that they cannot find enough skilled Americans. This is one of the most transparent of the constant stream of lies that we are told.

Foreign hires are not additions to the work force, but replacements. The corporations force their American employees to train the foreigners, and then the American employees are discharged. Obviously, if skilled employees were in short supply, they would not be laid off. Moreover, if the skills were in short supply, salaries would be bid up, not down, and the 36% of those who graduated in 2011 with a doctorate degree in engineering would not have been left unemployed. The National Science Foundation’s report, “Doctorate Recipients From U.S. Universities,” says that only 64% of the Ph.D. engineering graduates found a pay check.

As I have reported on numerous occasions for many years, neither the payroll jobs statistics nor the Bureau of Labor Statistics’ job projections show job opportunities for university graduates. But this doesn’t stop Congress from helping US corporations get rid of their American employees in exchange for campaign donations.

There was a time not that long ago when US corporations accepted that they had obligations to their employees, customers, suppliers, the communities in which they were located, and to their shareholders. Today they only acknowledge obligations to shareholders. Everyone else has been thrown to the wolves in order to maximize profits and, thereby, shareholders’ capital gains and executive bonuses.

By focusing on the bottom line at all costs, corporations are destroying the US consumer market. Offshoring jobs reduces labor costs and raises profits, but it also reduces domestic consumer income, thus reducing the domestic market for the corporation’s products. For awhile the reduction in consumer income can be filled by the expansion of consumer debt, but when consumers reach their debt limit sales cannot continue to rise. The consequence of jobs offshoring is the ruination of the domestic consumer market. …

Transparency in all things