Always Remember: That President Obama, With a Majority Democrat Legislature Supported the Wall Street Bailout and Remember, That he Established, in writing, the United States Capitalist Austerity Program. — The Race to the Bottom/Pauperization of the 99%!
Democracy?: As the Capitalist Robber Barons Steal from the 99%, Only the 1% Voted For Austerity! The 99% Should Decide On Austerity — Not Just The 1% Who, Profit From Austerity!! Under Austerity, All of the World Will Eventually Be Pauperized, Humbled, and Desecrated Like Greece and Puerto Rico.! Socialism Means True Democracy, that the 99% Will Rule, Not the Few!
Quotes of the Day:
The. Steady Drift to an Open Dictatorship! Executive Order: An executive order is an official directive from the U.S. president to federal agencies that often have much the same power of a law. Throughout history, executive orders have been one way that the power of the president and the executive branch of government has expanded—to degrees that are sometimes controversial.
The United States is not a Democracy (A government in which the supreme power is vested in the people and exercised by them directly)! Only the 1%, through. their ownership of the Reublicrats, who profit from war and the war budget, voted for War and the war budget — A policy, which Gore Vidal called a Perpetual War for Perpetual Peace. — The 99% Should Decide On War — Not Just The 1% Who Profit From War! Under a Democracy, The 99% would have the right to vote on the policy of Perpetual War for Perpetual Peace! Every ‘Tax. Reform’ From President Kennedy has Been an incrase in taxes from the Poor,the Woking Class, and the Middle Class, to the Rich! —The United States takes from the poor and gives to the Rich. Tax the Rich! — They Can Afford To Pay!
9-11 War ProfitsChris Hedges: America’s Fate: Oligarchy or Autocracy The competing (governing-R.S.) systems of power are divided between alternatives which widen the social and political divide — and increase potential for violent conflict.Dnald Trump Is Building an Army. He Can No Longer Be Ignored. After a nice little break, it’s time to dive back into the dumpster fire. . . . . It gives me no joy to take this position. Covering Donald Trump — from his racist escalator ride in 2015 to a piece on his still-deadly COVID politics I wrote back in August — was like walking on hot shards of glass in bare feet every single day. It damaged my health and assassinated my sleep. Once the banshee scream of Trump’s front-burner position subsided, my body started to heal in tangible ways from the ceaseless Trump-instigated anxiety and stress. I was a whole new man, and altogether happy to never type the words “Donald Trump” again if it could possibly be avoided… but the last several weeks have given me deep pause.The January 6 insurrection never ended, you see, and has since made gains I would have thought impossible on January 7. The GOP’s feint toward liberation from Trump lasted about as long as it takes to boil an egg, and today, virtually the entire apparatus of the party — federal, state and local — is his unquestioned domain.Environment: Infrastructure and Budget Bills Contain Very Bad Logging Provisions Which Will Make Climate Change Worse More Subsidized Logging for the Timber Industry The budget reconciliation bill adds an astonishing $16 billion dollars to the Forest Service’s current budget, most of which would go for logging – removing nature’s best, cheapest and most effective mechanism for filtering carbon dioxide from the atmosphere. This ignores that the Forest Service already has a billion dollars in its existing budget to subsidize commercial logging. The infrastructure bill not only gives the Forest Service an additional $3 billion, it mandates logging 30 million acres of national forests over the next 15 years – an area larger than the entire state of Pennsylvania! Even worse, it also exempts many new logging projects and oil and gas pipeline expansion over public lands from environmental analysis, public review and comment, and the ability for citizens – who own these lands – to legally object to the projects. If We Don’t Get Climate Justice, Shut it Down A sane world would be dramatically cutting fossil fuel use now. CO2 concentrations are already at levels not seen in at least 3-5 million years, before humans existed, when trees grew in Antarctica and sea levels were something like 65 feet higher. Levels might even be greater than they were 23 million years ago. John Lennon said, “Our society is run by insane people for insane objectives . . . by maniacs for maniacal ends.” Like bank and oil company executives and their bought-and-paid-for politicians who are driving the world headlong into catastrophe. Mainstream Media Attention to IPCC Report Neglected Real Cause of Emissions It is outrageous that the mainstream media only spent a single news cycle addressing the major report released by the Intergovernmental Panel on Climate Change (IPCC) last month, which sounded an alarm for humanity, warning that, “unless there are immediate, rapid and large-scale reductions in greenhouse gas emissions, limiting warming to close to 1.5°C or even 2°C will be beyond reach.” Despite the urgency of the message — that we’ve arrived at the “now or never moment” — mainstream media’s attention to the report, which is titled “The Physical Science Basis,” barely lasted 24 hours.China’s Emissions Are Made in America The debate over the reality of climate change is over. After years of oil-fueled denialism, the inescapable fact of the human-altered climate has finally hit home for many once-skeptical Americans. In some cases, it has literally hit home. In various parts of the country, homes are being threatened, torched and inundated by a barrage of climate-stoked catastrophes. Real-world experience has replaced easy-to-dismiss graphs and scientific models with failing crops, drowning livestock, escalating insurance costs, collapsing infrastructure, rising seas and waning biodiversity. The doomsday scenarios scientists have predicted for five decades are now all too real for 1 in 3 Americans.Civil Rights/ Black Liberation:
Child Labor: Which Side are Democracies On? Two years ago, when Brazilian President Jair Bolsonaro favorably promoted the idea of labor for children as young as eight or nine, his minister for Human Rights, Family, and Women shot back: “Let us be clear that for children to work is a violation of their rights, something that cannot be allowed.” The Brazilian National Forum for the Prevention and Eradication of Child Labour publicly expressed “its vehement repudiation of the statement of Mr. Jair Bolsonaro…The declaration reveals a total disregard for the 1988 Federal Constitution…which prohibits all forms of child labour under the age of 16.” According to the International Labor Organization’s latest report last fall, despite years of declining rates worldwide, child labor is indeed on the rise again. And the increase began before COVID exacerbated the situation.Economy:
September 2021 FOMC Held Existing Policies in Place
Tapering Could Start in 2022, If “Progress” Towards Maximum Employment and Price Stability Goals Continues, Yet Current Conditions Are Deteriorating Anew
Unfolding Circumstances Are Anything But Bullish for U.S. Stocks [See SYSTEMIC RISK Section]
ECONOMY – Amidst Declining Orders for Motor Vehicles but Extremely Strong and Volatile Commercial Aircraft Orders, August 2021 Nominal Durable Goods Orders Jumped 1.2% in the Month
Third-Quarter New-Home Sales and Construction Activity Remained on Track for Consecutive Quarterly Contractions
August 2021 Nominal Retail Sales Monthly Gain of 0.7% Was in Context of a 0.6% (-0.6%) Downside Revision to July Activity; Real Retail Sales Held on Track for a Quarterly Contraction
First Time in Five Years, the 2020 Poverty Rate Jumped and Real Median Household Income Plunged, with Surveying Disrupted and Distorted by the Pandemic-Driven Collapse
August 2021 Industrial Production Minimally Recovered Pre-Pandemic February 2020 Activity by 0.3%, but It Already Was Collapsing into the Pandemic in February 2020; Still Down Today by 2.5% (-2.5%) from its August 2018 Peak
How Can the Economy Be Minimally Recovered With Headline Annual Payroll Growth Weaker Than at the Troughs of the Last Seven Recessions, the 2007 Great Recession Excepted?
After Two Months of Decline, the August 2021 Cass Freight Index® Showed Some Seasonally Adjusted Rebound, With Trucks Taking Up Some Slack from Railroads, but Still at a Four-Month Low; Never Having Recovered its 2018 Peak Activity
INFLATION – August 2021 Consumer Price Index Annual Inflation Notched Lower to 5.25% from 5.37% [See the ALTERNATE DATA Tab], While the August Producer Price Index Hit an Historic High of 8.27% [see LATEST NUMBERS and BUSINESS CYCLE]
MONETARY BASE – No Suggestion of Tapering Here, With Indications of a Continuing Monetary Base Surge in Early-September 2021; August 2021 Numbers Showed Ongoing Explosive Growth at the Cycle High • MONEY SUPPLY – July 2021 “Basic M1” Soared to an Historic-High 91.7% Above Its Pre-Pandemic Peak, Up from the Prior-Record 87.6% in June [See the ALTERNATE DATA Tab, SYSTEMIC RISK and MONETARY DATA]
COMBINED IMPACT: Reflecting the Surge in Money, Inflation Has Exploded, While Business Activity Has Begun to Pull Back Anew, at an Intensifying Pac
International Criminal Court Excludes US From Probe Into Afghanistan War Crimes A Monday announcement from the International Criminal Court’s chief prosecutor saying his office is seeking approval to resume its investigation into potential war crimes in Afghanistan committed by the Taliban and the Islamic State — but excluding alleged atrocities committed by U.S. forces — sparked a flurry of outrage from human rights defenders.Mexico: criminalisation of abortion declared unconstitutional In a historic and unanimous vote by ten ministers, the Supreme Court of Mexico has declared the penalisation of women who decide to get an abortion unconstitutional. That this vote has taken place now is clearly the result of our struggle in the streets, which has made it impossible for women’s rights to be ignored any longer. Without this struggle, the vote simply never would have happened.Health, Education, and Welfare:
The government of the United States can pass laws in a few days to spend tens of trillions of dollars for war and the bailout of Wall Street and the bankers. Yet, those who pass universal healthcare for themselves, but cannot spend even one trillion dollars for universal health for those who are ‘governed’! This is what is considered, by the powers to be, a democracy and part of the democratic way. — Roland Sheppard, Let the People Vote on Healthcare!