January 24, 2007
Major Oil Co.'s Avoid Tax Obligations by Leasing US Military Assets
In recognition of the fact that most combat engaged military assets, ships, planes, humvees, etc. are indirectly in the employ of US corporate petroleum interests, (see Dick C's secret meeting), the administration announces an accounting coup.
The major oils have completed a sale and leaseback of a significant portion of the United States' Military hardware.
The three trillion dollar proceeds to the government are being applied to reducing US debt to China and evil Hugo. The dollar is soaring on international bourses. Also, the USA trade imbalance is set to plummet while the oligarchic petroleum interests use this transaction to shelter their rocketing tax obligations for decades.
(For technical details see Ken Lay, "Off Balanced Sheet Accounting: 101" and "So, Who's Your Momma?" by Cheney Press)
The major oils have completed a sale and leaseback of a significant portion of the United States' Military hardware.
The three trillion dollar proceeds to the government are being applied to reducing US debt to China and evil Hugo. The dollar is soaring on international bourses. Also, the USA trade imbalance is set to plummet while the oligarchic petroleum interests use this transaction to shelter their rocketing tax obligations for decades.
(For technical details see Ken Lay, "Off Balanced Sheet Accounting: 101" and "So, Who's Your Momma?" by Cheney Press)
Labels: Oil Iraq Policy
December 12, 2006
The Elephant in the Room is Oil
.
Does anybody remember when Bush/Cheney told Shirac, Schroeder and Putin that if they didn't put troops into the fray that they would not get any of the post-war goodies. These were oil men making decisions equivalent to putting together an investment consortium to divvy up access to Iraq's huge oil reserves.
If the US leaves Iraq without holding a power base then Russia, France, Germany and the biggest, winner-by-default competitor, China, will have a leg up on the US oil comrades.
This is so anathematical to US oil interests as to absolutely defy rational description.
Exxon Mobil is financially the equivalent of the fifth or sixth largest country in the world. Then there's Halliburton, Chevron, other oil majors and would-be Texas oil players salivating for Iraq access.
To think that Bush/Cheney can take a fork in the Iraq policy road which is best for the US but leaves the US oils shut out is complete hogwash. Iraq's reserves and the Southern Asia reserves I call Petro-stan represent what, forty percent of the future revenues of the oil and gas business worldwide for the next century?
Bush/Cheney are ethically, morally and financially conflicted and under no circumstances will the US be fully departing Iraq until new non oil related leadership takes office, presumably, in 2008.
No democracy intended; none forthcoming.
Does anybody remember when Bush/Cheney told Shirac, Schroeder and Putin that if they didn't put troops into the fray that they would not get any of the post-war goodies. These were oil men making decisions equivalent to putting together an investment consortium to divvy up access to Iraq's huge oil reserves.
If the US leaves Iraq without holding a power base then Russia, France, Germany and the biggest, winner-by-default competitor, China, will have a leg up on the US oil comrades.
This is so anathematical to US oil interests as to absolutely defy rational description.
Exxon Mobil is financially the equivalent of the fifth or sixth largest country in the world. Then there's Halliburton, Chevron, other oil majors and would-be Texas oil players salivating for Iraq access.
To think that Bush/Cheney can take a fork in the Iraq policy road which is best for the US but leaves the US oils shut out is complete hogwash. Iraq's reserves and the Southern Asia reserves I call Petro-stan represent what, forty percent of the future revenues of the oil and gas business worldwide for the next century?
Bush/Cheney are ethically, morally and financially conflicted and under no circumstances will the US be fully departing Iraq until new non oil related leadership takes office, presumably, in 2008.
No democracy intended; none forthcoming.
Labels: Bush Admin, Oil Iraq Policy
The Oligarchic Goose is Amoral
.
Twenty years ago corporations paid over twenty per cent of US taxes. With the aid of computers to effect accounting loophole schemes, which heretofor could only be wished for, the size, scope and speed of tax ripoffs has massively accelerated. The IRS is very open that they are outmanned and outschemed by the size and scope of these ripoffs.
US banks and others, in addition to transfer pricing schemes, were leasing European tram systems and sewer systems, sewer systems I say, to avoid billions in taxes. Some of this I believe has been now blocked but it took years just to unravel and stop even these egregious frauds.
What gives me a satirical chuckle is that when the banks felt that the average Joe had found a loophole and was shedding his credit card debt through bankruptcy they took over congress to close this loophole.
Loopholes are sacrosanct to the corporate oligarchy but holy crap, stop the presses, they are apostasically verboten for the citizenry.
I always say, if the goose is amoral, the gander has every right to their day in court. Don't ya think?
Twenty years ago corporations paid over twenty per cent of US taxes. With the aid of computers to effect accounting loophole schemes, which heretofor could only be wished for, the size, scope and speed of tax ripoffs has massively accelerated. The IRS is very open that they are outmanned and outschemed by the size and scope of these ripoffs.
US banks and others, in addition to transfer pricing schemes, were leasing European tram systems and sewer systems, sewer systems I say, to avoid billions in taxes. Some of this I believe has been now blocked but it took years just to unravel and stop even these egregious frauds.
What gives me a satirical chuckle is that when the banks felt that the average Joe had found a loophole and was shedding his credit card debt through bankruptcy they took over congress to close this loophole.
Loopholes are sacrosanct to the corporate oligarchy but holy crap, stop the presses, they are apostasically verboten for the citizenry.
I always say, if the goose is amoral, the gander has every right to their day in court. Don't ya think?
Labels: Bush Admin, Oil Iraq Policy
December 01, 2006
Executive Branch Conflict says "We Stay"
.
Were it not for the fact that two thirds of the earth's known hydrocarbon reserves are in or proximate to Iraq we would not be in our present mess. Each and every one of Vice President Cheney's lies concerning Iraq are consistent with his serving the interests of Halliburton and the major oils. To say that he and, to a similar or lesser extent, the President do not have the appearance of a conflict of interest is disingenuous.
Given that the executive branch has a conflict of interest, what follows is that US Iraq foreign policy will be skewed to meet the oil interests until 2009. At the point of the US leaving Iraq the French, Russian and Chinese oil interests will gain equal or superior footing relative to Cheney's oil allies. This is anathema to this administration who"must" do all in their power to somehow keep the US the dominant power in Iraq.
The non executive branch Republicans had best now combine with the Democrats to force implementation of what are perceived to be the best available foreign policy initiatives. The 2006 Mid Term election was a resounding "Vote of no-confidence" for Republican leadership and 2008 will be more of the same unless a policy of what is best for the oils is jettisoned in favor of what is best for the US.
Were it not for the fact that two thirds of the earth's known hydrocarbon reserves are in or proximate to Iraq we would not be in our present mess. Each and every one of Vice President Cheney's lies concerning Iraq are consistent with his serving the interests of Halliburton and the major oils. To say that he and, to a similar or lesser extent, the President do not have the appearance of a conflict of interest is disingenuous.
Given that the executive branch has a conflict of interest, what follows is that US Iraq foreign policy will be skewed to meet the oil interests until 2009. At the point of the US leaving Iraq the French, Russian and Chinese oil interests will gain equal or superior footing relative to Cheney's oil allies. This is anathema to this administration who"must" do all in their power to somehow keep the US the dominant power in Iraq.
The non executive branch Republicans had best now combine with the Democrats to force implementation of what are perceived to be the best available foreign policy initiatives. The 2006 Mid Term election was a resounding "Vote of no-confidence" for Republican leadership and 2008 will be more of the same unless a policy of what is best for the oils is jettisoned in favor of what is best for the US.
Labels: Bush Admin, Iraq/ foreign policy, Oil Iraq Policy
November 12, 2006
Mid-East Oil - Conspiracy or Required Policy Consideration?
It's time to discuss the topic of Mid-East oil openly.
The vast majority of foreign nations opine that oil is why we occupied Iraq. Iraqi's say we're there for the oil.
The American press and even the blog-o-sphere avoid the subject as if "oil" means a conspiracy theory, and all conspiracy theory's are whacky. If Iran, Iraq, Saudi, Kuwait, Qatar did not have two thirds of the earths' oil resources and potentially need allied forces in the region we would not be there.
How and how big to plant American military resources in the mid east is a natural question. It is not remotely a conspiracy."Keeping the straights of Hormuz open is in the US nat'l security interests," is a Ted Kennedy quote.
Having a Texas yahoo blow up Iraq without a plan to secure the peace so that his friends and close personal allies could profit, that specific set of facts is a conspiracy. (see Cheney's secret meeting)
However, that we're in the mid east for oil is a fact, not a conspiracy and it should be openly discussed because decisions and policy have to acknowledge "oil.""
The vast majority of foreign nations opine that oil is why we occupied Iraq. Iraqi's say we're there for the oil.
The American press and even the blog-o-sphere avoid the subject as if "oil" means a conspiracy theory, and all conspiracy theory's are whacky. If Iran, Iraq, Saudi, Kuwait, Qatar did not have two thirds of the earths' oil resources and potentially need allied forces in the region we would not be there.
How and how big to plant American military resources in the mid east is a natural question. It is not remotely a conspiracy."Keeping the straights of Hormuz open is in the US nat'l security interests," is a Ted Kennedy quote.
Having a Texas yahoo blow up Iraq without a plan to secure the peace so that his friends and close personal allies could profit, that specific set of facts is a conspiracy. (see Cheney's secret meeting)
However, that we're in the mid east for oil is a fact, not a conspiracy and it should be openly discussed because decisions and policy have to acknowledge "oil.""
Labels: Bush Admin, Oil Iraq Policy
October 12, 2006
OIL COMPANIES TO LEASE AMERICA’S MILITARY ASSETS
Two decades ago corporate taxes comprised 20% or more of America's tax receipts. Now they contribute in the 7% range. Don't all other accounting schemes pale in comparison with this boondoggle?
If an exec gets a perk like a new car or excess moving expenses the corporation bumps up their pay to cover the tax consequences. When the GOP passes tax givebacks such an exec ends up making a profit from the perk-tax-grossup maneuver. Cute eh.
If the cabal of CEOs, Corporate Boards, Directors, Money managers and Bankers conspire to remunerate leading execs (technically embezzle) 5,10,15 or 100 $Mil a year why couldn't FASB and the SEC make a ruling that anything over say two mil a year is actually a payment of or from the corporation's capital. Thus it would not be pay for services and it would not be a corporate deductible expense.
How about if the major oil companies do a sale and leaseback on the military assets of the United States of America? For a modest cash outlay of say three trillion dollars, which the oil companies easily have or have access to, they could depreciate all of America's tanks, ship, planes, Humvees etc and shield 100% of their obscene profits from taxation while hugely reducing the nation-sapping debt built up by the GOP. As opposed to other legally deficient corporate schemes such as leasing European trams or worse yet European sewer systems this scheme can be said to actually pass a significant tax accounting sniff test. In this case a sophomore tax attorney could easily make the case that such military assets are actually employed in the oil companies operations.
Wouldn’t it be nostalgic to be long in dollars and make a killing?
Just thinking.
Craig Johnson 10/12/06
If an exec gets a perk like a new car or excess moving expenses the corporation bumps up their pay to cover the tax consequences. When the GOP passes tax givebacks such an exec ends up making a profit from the perk-tax-grossup maneuver. Cute eh.
If the cabal of CEOs, Corporate Boards, Directors, Money managers and Bankers conspire to remunerate leading execs (technically embezzle) 5,10,15 or 100 $Mil a year why couldn't FASB and the SEC make a ruling that anything over say two mil a year is actually a payment of or from the corporation's capital. Thus it would not be pay for services and it would not be a corporate deductible expense.
How about if the major oil companies do a sale and leaseback on the military assets of the United States of America? For a modest cash outlay of say three trillion dollars, which the oil companies easily have or have access to, they could depreciate all of America's tanks, ship, planes, Humvees etc and shield 100% of their obscene profits from taxation while hugely reducing the nation-sapping debt built up by the GOP. As opposed to other legally deficient corporate schemes such as leasing European trams or worse yet European sewer systems this scheme can be said to actually pass a significant tax accounting sniff test. In this case a sophomore tax attorney could easily make the case that such military assets are actually employed in the oil companies operations.
Wouldn’t it be nostalgic to be long in dollars and make a killing?
Just thinking.
Craig Johnson 10/12/06
Labels: Oil Iraq Policy
September 09, 2006
RUMSFELD FORBADE PLANS FOR POST WAR IRAQ
.
Complete original news report at the Daily Press Newport News, Virginia.
Paraphrased, General Scheid said that preparing a Phase 4 Plan as to handling the aftermath of defeating Saddam was not allowed, not even to be discussed on punishment of being "fired."
A Phase 4 Plan would have tipped Congress and the public that Iraq would be or could be a very murderous multi-year extended engagement. Rhummy et al apparently considered that they could only tell the voters more palatable news that we would be warmly welcomed and that it would be a short engagement if no one planned for or was even allowed to outline the obvious and known probable downside contingencies.
The message, again paraphrased, was "Shinseki's honest estimate of troop needs and all normal post occupation planning are (to use a good fascist word) verboten. The lie that the Iraq mission will be easy, complete with flowers from the liberated, will be sold to the public and we do not want any negative scenario planning documents to see the light of day."
"The book "Assassin's Gate" tells the same story, i.e. that the State Department could not get a direct charge for preparing a post invasion plan and what was prepared by way of Phase 4 by the Army, de facto, never saw the light of day.
To summarize: the leadership of the United States prevented our entire Military and each and every one of our now dead or disabled troops the benefit of a normal, complete and required invasion plan in order that their hyped story for the public would not be subject to "smoking gun" evidence that they fully knew of the issues embodied in the maelstrom of post invasion Iraq.
Thousands of our troops and tens of thousand Iraqis are now dead in the service of deliberate and malicious lies. I can not remotely imagine the searing anger and bitterness a parent might feel if their child was now dead due to this act of calculated incompetence.
DON'T LET THE DOOR BUMP YOU ON THE ASS ON YOUR WAY OUT MR. RUMSFELD and TAKE A COUPLE OF YOUR PRIMARY ACCOMPLICES WITH YOU AS YOU LEAVE
Complete original news report at the Daily Press Newport News, Virginia.
Paraphrased, General Scheid said that preparing a Phase 4 Plan as to handling the aftermath of defeating Saddam was not allowed, not even to be discussed on punishment of being "fired."
A Phase 4 Plan would have tipped Congress and the public that Iraq would be or could be a very murderous multi-year extended engagement. Rhummy et al apparently considered that they could only tell the voters more palatable news that we would be warmly welcomed and that it would be a short engagement if no one planned for or was even allowed to outline the obvious and known probable downside contingencies.
The message, again paraphrased, was "Shinseki's honest estimate of troop needs and all normal post occupation planning are (to use a good fascist word) verboten. The lie that the Iraq mission will be easy, complete with flowers from the liberated, will be sold to the public and we do not want any negative scenario planning documents to see the light of day."
"The book "Assassin's Gate" tells the same story, i.e. that the State Department could not get a direct charge for preparing a post invasion plan and what was prepared by way of Phase 4 by the Army, de facto, never saw the light of day.
To summarize: the leadership of the United States prevented our entire Military and each and every one of our now dead or disabled troops the benefit of a normal, complete and required invasion plan in order that their hyped story for the public would not be subject to "smoking gun" evidence that they fully knew of the issues embodied in the maelstrom of post invasion Iraq.
Thousands of our troops and tens of thousand Iraqis are now dead in the service of deliberate and malicious lies. I can not remotely imagine the searing anger and bitterness a parent might feel if their child was now dead due to this act of calculated incompetence.
DON'T LET THE DOOR BUMP YOU ON THE ASS ON YOUR WAY OUT MR. RUMSFELD and TAKE A COUPLE OF YOUR PRIMARY ACCOMPLICES WITH YOU AS YOU LEAVE
Labels: Bush Admin, Oil Iraq Policy
