Fri, 2 March 2018
Our FEATURE today focuses on what must be considered as a monopoly that these US companies exercise in their markets. Gene Quinn, who is a patent attorney and has created a web site IP WATCHDOG, takes up this timely subject that warrants all of our attention. In 1904 Standard Oil,founded by John D Rockefeller, controlled 91% of all US oil production at the advent of the automobile.The US Government broke up the Company into 34 different entities. In inflation adjusted dollars Standard's earnings over 14 years equaled a little less than a billion dollars. In comparison Apple's net income equaled $20 B in the 4th Quarter of 2017. Facebook $4.26 B, Google $8.76 B. Even more significant, Facebook controls 95% of social media, Google controls 89% of internet search and Google and Apple as a duopoly controls 99% of mobile operating software. In addition Google and Apple through the Patent Trial & Appeal Board (PTAB) control the US Patent process. Quinn's case is tenably clear. Other topics include: Trump's taxes, tariffs troubling, the $500 B trade deficit with China, Trump's "Art of the DEAL", The US Treasury GLUT, The Modern Monetary Theory gets tested, Gold & USD rise, SEC issues dozens of supoenas to Cryptos, Car sales demobilizing, FBI wiretaps U of A, Russians bragging on Hillary's bribe and Medicare cuts off TMB's claim.
Direct download: TMB-18-03-02-These-Companies-Violate-The-Sherman-Act.mp3
Category:News & Politics -- posted at: 3:55pm PDT