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Health Care & Environment
07.21 Greta Thunberg: ‘They see us as a threat because we’re having an impact’ [We love a sane smarty-pants! Trump, you won't understand any of this, so just go off and tweet or chant, or whatever...]
07.20 Until Emissions Drop, Nothing Has Been Accomplished: The Climate Resistance Handbook Is Here. [Trump can't be bothered as the world turns into a large cinder. His laser focus is on personal greed.]
07.20 Cargo ships are emitting boatloads of carbon, and nobody wants to take the blame [1:19 video; Governments must commission to fight deadly shipping emissions, previously omitted in climate summit agreements....]
07.20 With Petition to Congress, 100,000+ People Demand Green New Deal 'That Fixes Our Food System' [Realtime proactive response to reality—now and threatening—doesn't get attention in this greed focused administration]
07.19 Trump administration won't ban pesticide tied to childhood brain damage [There is no truth to the persistent rumor that chlorpyrifos pesticide was heavily used at Trump's childhood home in Queens]
07.17 Planned Parenthood president Leana Wen forced out by board [Given that states have lost abortion rights on political grounds recently, Wen's philosophical approach to protect abortion rights based on ‘health care’ was smarter – therefore it was that smarter strategy that was killed at the secret meeting.]
07.17 What is happening in America's Cancertown is tragic, immoral and evil [Niggardly white government policies could change to produce better students, better jobs and net revenue instead of costs. But it seems they enjoy more cruelty—like Trump.]
07.15 Extinction Rebellion protests block traffic in five UK cities [Non-corporate human animals make their annoying bleating sounds...]
07.14 A Glacier the Size of Florida Is Becoming Unstable. It Has Dire Implications for Global Sea Levels [The willfully ignorant needn't read more, Trump]
News Media Matters
US Politics, Policy & 'Culture'
07.21 A court ruled it was legal for guards to strip search female inmates and force them to remove their tampons in front of male officers for a 'training exercise' [The frequency and degree of immorality and degradation being reported in the media is very disturbing, as if society has been reprogrammed overnight to be more like the worst behavior of Nazi Germany]
07.21 THE DEMOCRATIC PARTY IS GETTING CRUSHED IN FUNDRAISING: “THEY NEED TO GET THEIR SHIT TOGETHER” [Since so-called moderate Democrats will prostitute themselves in many conceivable ways (offering that special quid pro quo) they have effectively become competitively ANTI-PUBLIC, like Republicans. Whereas progressive Democrats must promise not to take corporate donations at all as an effective litmus-test. The DNC refuses to raise funds for moderate and progressives separately, and thus donations fall short. Which is it to be: 1) Will the DNC change? or 2) Must progressive Democrats become corporate whores too? or 3) Maybe you don't need corporate contributions at all if your policies are fantastic?]
07.21 We're no longer in Brave New World. We're back in 1984. [1:35 video; Our despicable President is at it again]
07.21 BALTIMORE'S FILTHIEST HOODS [7:38 video. Ask your governments, why are our cities so much worse than Europe's? Why is our healthcare worse and so much more expensive? And why are our Billionaires so much richer? Ask if those results of bad government are all related, and why? Are they all caused by a power-elite with greed-obsessed immorality?]
07.20 Fact check: Trump says Puerto Rico got $92 billion. They've seen only a fraction [If he opens his mouth, Trump's lying.]
07.20 Trump Denies Being at North Carolina Rally [Not sure if Trump supporters 'get' satire, but here goes....]
High Crimes vs. Human Rights
07.19 Conscientious objectors of first world war – their untold tales [The record proves they were morally right by avoiding violent early deaths of their cousins and themselves]
Economics & Corrupt Capitalism
International & Futurism
07.21 Spain set for socialist-led government after Iglesias deal [Some loaded drama going on here...]
07.20 US to deploy troops to Saudi Arabia in face of 'credible' regional threats [Working with Osama bin Laden's godfathers, Trump wants to profit like Erik Prince (for-profit education secretary Betsy DeVos' brother) of Blackwater infamy (hurriedly renamed ‘Academi’), the U.S. taxpayer to pay inflated costs while Trump siphons off long-term emolument largesse]
07.20 Iran on 'dangerous path' with seizure of Stena Impero, says UK [Which is this, a tit or a tat?]
07.20 'Dark satanic mills': Tony Abbott continues his crusade against wind turbines [Too much CO2 air pollution makes you stupid, and turns your country into an “Idiocracy” (1:36 video clip)]
07.20 Bolsonaro declares 'the Amazon is ours' and calls deforestation data 'lies' [Lazy and willfully stupid whenever it serves his purpose, just like Trump. “And the rest of you can all go to hell.” Again, just like Trump. Has your country turned into an “Idiocracy”? (1:36 video clip)]
07.19 Iran makes 'substantial' nuclear offer in return for US lifting sanctions [Was barbaric Saudi Arabia—whose citizens were more involved in the 9-11 attacks—the wrong ally all along?]
07.19 “The Task Ahead Is Enormous, and There Is Not Much Time” [Read this and learn. Or read Donald J. Trump (@realDonaldTrump) | Twitter and/or President Trump (@POTUS) | Twitter. Are you serious? Or are you in hideously criminal denial?]
NEOLIBERAL UTOPIA FOR THE VERY RICH, ECONOMIC ARMAGEDDON FOR OTHERS:
Wrecking the American Dream
The America older generations knew no longer exists, the dream of millions wiped out in real time, and it's also happening throughout Europe.
Wednesday, 6 October 2010
A government-business cabal is so greedy it is wrecking the American dream for enormous profits at the public's expense unless enough outrage erupts to stop it.
Long planned, the current economic storm erupted violently in late 2007. It wasn't by accident. It was engineered years back, so financial racketeers could profit from wrecking global economies and destroying their middle class, including America's.
On February 1, 2009, former high-level Wall Street and government insider, Catherine Austin Fitts, explained it an article headlined, "Financial Coup d'Etat," saying:
Many trillions of dollars have been stolen, shifted from public to elitist private hands - by far, the greatest ever wealth transfer in history, a global heist, sucking capital out of one country after another, including America. It's an ongoing "de-moderniz(ation)" process, transforming Western countries into third world ones - in real time, in plain sight, yet few people understand.
It's a government-business cabal for enormous profits through "legislation, contracts, regulation (or lack of it), financing, subsidies," and massive handouts to Wall Street favorites. Carefully rigged for powerful elitists, the public is so cleverly harmed that few understand what's happening - literally that their livelihoods, welfare and lives are being destroyed in real time. The America older generations knew no longer exists, the dream of millions wiped out, and it's also happening throughout Europe.
In his September 30 article titled, "The Neoliberal Experiment and Europe's anti-Austerity Strikes," Michael Hudson explained sinister plans "to drastically change the laws and structure of how European society will function for the next generation. If (successful, they'll) break up Europe, destroy the internal market, and render that continent a backwater. This is how serious the financial coup d'etat has become. And it is going to get much worse - quickly....The bankers are demanding that (governments) rebuild their loan reserves at labor's expense." It's also Obama's scheme, shifting greater wealth to the rich, impoverishing the rest.
Throughout the West, neoliberals are in control. "From Brussels to Latvia, (they) aim to shrink their economies to roll back wage levels by 30 percent or more - depression-style levels - (for) 'more surplus'....to pay in debt service," tribute to global bankers, turning Europe "into a banana republic." It's also planned for America.
"This requires dictatorship." Labor is targeted for destruction. "Europe (like America) is entering an era of totalitarian neoliberal rule." So-called "free markets" aren't possible without it. But wait - "This is economic suicide, taxing labor, not the rich, and at the same time "slash(ing) wages and pensions, cut(ting) back public spending and employment, and shrink(ing) the economy," turning Western societies into dystopian backwaters, a dark future unfolding in real time.
In his October 2 International Forecaster report, former insider and long-time financial expert Bob Chapman adds more about America, saying:
"Small amounts would go into" government retirement R-bonds, the larger portion earmarked for Wall Street - the usual suspects profiting, including Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, and other giants for even greater market control than already, and far more capital to manipulate for profit. Chapman calls it "monopoly control and subjugation of worldwide investments, a total hold on the control of all investments" to scam the public more than ever and head them deeper into poverty, exactly what Washington and Western governments propose.
On the pretext of reform, destroying Medicare and Social Security are also planned by privatizing them, earmarking them for Wall Street, the same way 401ks killed corporate pensions.
The House Republicans' "Pledge to America" aims to wreck them by promising to save them, including by "reviewing Social Security and other entitlement programs" - meaning, let Wall Street bandits, not Washington run them.
A longtime GOP priority, congressional Republicans, Reps. Paul Ryan, Kevin McCarthy, and Eric Cantor explained it in their book, titled "Young Guns: A New Generation of Conservative Leaders," proposing privatizing Social Security and replacing Medicare with a voucher system that amounts to the same thing. If enacted, of course, it will leave workers and seniors high and dry by providing Wall Street racketeers with a new opportunity for pillage.
Democrats have the same plan, to be unveiled in the lame duck session on the pretext of deficit reduction and fiscal austerity, ideas Obama endorses. On February 18, he signed an Executive Order, establishing a "bipartisan National Commission on Fiscal Responsibility and Reform" (a deficit reduction commission) to slash social spending, focusing heavily on Medicare and Social Security.
Stacked with neoliberal ideologues, Congress will get its recommendations during the lame duck session, and according to observers, then enact legislation before the 112th body's first session in January. On the pretext of saving the economy, bipartisan chicanery plans to wreck it, leaving millions high and dry on their own.
Fiscal responsibility means class warfare, the agenda Professor Carroll Quigley explained in his 1966 book, titled "Tragedy & Hope: A History of the World in Our Time," saying:
With bipartisan support, their plan is virtually complete. It will be advanced in the lame duck session, then further by the 112th Congress until all social programs end and finance capital has full control.
America's Economic Landscape
On September 19, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), "determined that a trough in business activity occurred in the US economy in June 2009. The trough marks the end of the recession that began in December 2007."
Stacked with corporate economists (practicing what Michael Hudson calls "junk economics"), the types featured on business channels and in mainstream publications, the NBER is a Wall Street tool.
Non-member David Rosenberg has another view, saying "it is very difficult (getting) excited about (today's) economic landscape."
Unemployment is dangerously high. It'll worsen, not improve, and there's "absolutely no recovery in bank lending - especially to households." In fact, consumer loans and real estate credit keep dropping, hardly a sign of recovery, besides disturbing consumer sentiment levels, a deep housing depression, and any number of other indicators showing a hugely troubled economy. It's why independent observers like Hudson and Chapman expect worse to come, a tsunami of economic pain, hitting ordinary people hardest.
In 2008/09, the Fed's near zero interest rate policy and quantitative easy money (QE1) failed. Sustainable economic growth, job creation, revived consumer spending, and normalized housing haven't happened. No matter. Though already underway, on September 21, the Federal Open Market Committee (FOMC) announced QE2, saying:
In other words, money creation and asset buying will continue even though nearly two years of doing it failed. Key indicators show deep economic weakness. Gold is at record highs, and bond markets are signaling a depressed economic climate.
According to investment analyst Claus Vogt, the economic picture is "bleak....With the housing market in shambles, bank lending contracting, and consumers tapped out, there is no base for a sustainable recovery."
"Will QE2 help? QE1's failure showed even "the mighty Fed was not strong enough to" reverse the trend. "I can't see a single reason" to think this time is different. "If anything, I expect the Fed's efforts to prove even more ineffective this time around" because QE2 is its only remaining tool. QE1's failure proved it ineffective.
Moreover, Bernanke knows it, having argued (with former Fed vice chairman Alan Blinder) against this type multiplier in 1988. In addition, bank reserves aren't being loaned. They're being stockpiling or held at the Fed for above-market rates. As a result, QE2 ad infinitum won't work without lending, what's not happening, nor will it under Bernanke's scheme to prevent it. Further, under the fractional reserve system, banks don't need credit to make loans. They do it by creating money out of thin air every time they issue one.
Thus, expect stagnation and more slowdown ahead, exacerbating existing problems, especially with bipartisan support for fiscal austerity at a time massive stimulus is needed. In addition, the Fed needs to put its money where our mouths are instead of handing it over to Wall Street.
Instead counterproductive policies are planned, Rosenberg saying, "It does not leave us with a very warm and fuzzy feeling." In other commentaries, he's expressed alarm, believing economic conditions describe depression, a conclusion he's repeated several times.
A Final Comment
On September 28, the US Census Bureau provided more evidence of economic trouble, reporting America's highest ever income gap. In 2009, median household income fell nearly 3% from $51,726 to $50,221, the second consecutive annual drop.
Moreover, among all developed nations, America has the highest income disparity, and it's showing up in record numbers needing Medicaid, food stamps, and emergency food help. In addition, higher levels of poverty, homelessness and other worrying signs show economic weakness, not strength.
Yet, with growing human depravation, bipartisan indifference cares only about serving wealth and privilege. Expect that attitude to harden post-election, leaving growing millions on their own, out of luck, and if new legislation passes as expected, eventually without Social Security and Medicare, once Wall Street bandits gets their hands on them.
On September 18, Obama explained it when he told the Congressional Black Caucus, "You didn't elect me to do what was popular. You elected me to do what was right," his hidden message meaning populism will be sacrificed for privilege. As a result, expect lots tougher times ahead because political leaders plan it - wrecking the American dream for business at the public's expense unless enough outrage erupts to stop it.
Listen to Lendman's cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
Mr. Lendman's stories are republished in the Baltimore Chronicle with permission of the author.
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Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.This story was published on October 6, 2010.