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During This Economic Crisis, Capitalism’s Three-Point Political Program: 1, Austerity,2 Scapegoat Blacks, Minorities, and ‘Illegal’ Immigrants for Unemployment, and 3. The Iron Heel
Always Remember: That Obama 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 , thet the 99% Will Rule, Not the Few!
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Quotes of the Day:
Just before the 2000 Presidential Election, in September 2000, George Bush’s think tank, The Project for the New American Century, put into writing a document titled Rebuilding America’s Defenses, Forces and Resources For a New Century. In that document they called for war upon Iraq, a US military presence in the middle east, and the construction of military bases throughout Asia and the world to enforce, what they termed, as a ‘strategic goal’, the preservation Pax Americana — the ‘new world order’ that was proclaimed after the first Gulf War. There has been no objection or opposition, from the Democratic Party, to this ‘strategic goal’ for this century, even though the document stated, two years prior to 9/11: “A transformation strategy that solely pursued capabilities for projecting force from the United States, for example, and sacrificed forward basing and presence, would be at odds with larger American policy goals and would trouble American allies. Further, the process of transformation, even if it brings revolutionary change, is likely to be a long one, absent some catastrophic and catalyzing event – like a new Pearl Harbor.” When the September 11, 2002 implosion of the World Trade Center occurred, both the Democrats and the Republicans were united in taking the advantage of the ‘catastrophic and catalyzing event’ to begin to implement the first stage of Pax American — the war upon Iraq and to make the middle east a zone of ‘democratic peace’ — a safe area for exploitation and control, by the United States, or as the document stated: — Pax Americana and The Failure of ‘Lesser Evilism’
According to the September 30, 2019 report from the OCC, Goldman’s derivatives book today is $49.9 trillion – an insignificant reduction of 6 percent in notional value after nine years of legislation, rulemaking and Congressional hearings.The New York Fed is the primary regulator of the bank holding companies of Goldman Sachs, JPMorgan Chase, Citigroup (parent of Citibank), and Morgan Stanley. If these banks and their derivative exposures blow up the U.S. financial system and the U.S. economy for a second time, heads will roll at the New York Fed; its executives will be hauled before Congress; it will be stripped of its regulatory powers and money spigot to Wall Street; and those fat paychecks, drivers and limos will disappear. That’s why the New York Fed is throwing hundreds of billions of dollars a week at a crisis it has yet to define. — These Charts Show Why the Fed Is Still in a Panic Over the Repo Loan Market
Videos Of the Day:
U.S.:
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 Republicrats and who profit from war and the war budget, vote 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! The United States takes from the poor and gives to the Rich.
Bi-Partisan Wars for Oil Corporations:
Iraq: America’s Other “Longest War” As the calendar prepared to flip from 2019 to 2020, protesters stormed the US embassy in Baghdad. As I write this, the action — a response to US airstrikes in Iraq and Syria which killed at least 25 and wounded more than 50 — hasn’t yet become a reprise of the Iran hostage crisis of 40 years ago, but it’s eerily reminiscent.Although few Americans seem to notice, Iraq is arguably the second-longest war in US history. . . . There is, of course, an alternative: Trump could put his money where his mouth is and begin withdrawing US troops from the region instead of continuing to pour American blood and treasure into a series of conflicts which should never have happened in the first place. By Thomas Knapp
As Embassy Protests in Iraq Continue, US Deploys 750 Troops to Middle East and Reportedly Readies Thousands More Security forces around the U.S. Embassy in Baghdad fired tear gas and stun grenades at demonstrators who gathered for a second day straight. Bolstering sustained global skepticism of President Donald Trump’s promises to bring home U.S. forces from the Middle East, the Pentagon deployed hundreds of soldiers to the region Tuesday and is reportedly preparing to send up to thousands more troops in the coming days amid ongoing protests at the American Embassy in Baghdad. By Jessica Corbett
Happy New Year, Riyadh! ’Tis the season for giving. Accordingly, the US has given the Kingdom of Saudi Arabia a gift in the form of the National Defense Authorization Act (NDAA) which President Donald Trump signed into law on December 21. The NDAA is not only a gift to the Saudis. The $738 billion in new defense spending the NDAA authorizes means a very Merry Christmas for the Pentagon and for Boeing, Lockheed Martin, Northrop Grumman, and the like. The NDAA’s creation of a sixth branch of the armed forces, the Space Force, also guarantees a huge market for military contractors’ high-tech toys. By Charles Pierson
Environment:
The External Costs of Human Activity Are Killing the Planet External costs are neglected by economists, and the unintended consequences of laws and political decisions—indeed, any decision, even those that seem highly rational—can be surprising. I am convinced that the external costs of capitalist production exceed the profits and in instances exceed the value of the output. The most carefully considered law and the most carefully planned corporate undertaking can result in disastrous consequences. Essentially, when humans make decisions, they seldom have any idea of what they are doing. The situation worsens when a financialized, jobs offshored economy multiplied by other economies doing the same thing finds that it is more profitable for public corporations to buy back their own stock, even indebting the corporations for the purpose of decapitalizing the corporations, than to invest in new plant, equipment, and labor. Buy-backs are the main use of corporate investment today in the US. In recent years, the entirety of corporate profits and borrowing has been used for stock buy-backs, which reward executives and shareholders. Central banks in Japan and the European Union now support equity prices by stock purchases. by Paul Craig Roberts
Civil Rights/Black Liberation:
Labor:
Economy:
These Charts Show Why the Fed Is Still in a Panic Over the Repo Loan Market After the epic financial crash on Wall Street in 2008 – the worst since the 1929 crash and ensuing Great Depression – two key reforms were put in place in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to prevent another catastrophic meltdown on Wall Street. The first key reform was that derivatives were to be moved out of the federally-insured, taxpayer backstopped commercial banks, that had been bought up by Wall Street trading houses, into units that could be wound down in a bankruptcy proceeding. It was called the “Push Out” rule. That reform was also meant to prevent the New York Fed from ever again secretly pumping upwards of $29 trillion into Wall Street trading houses and their derivative counterparties in order to bail out a corrupt casino banking system. (And yet here we are again today watching the New York Fed pump hundreds of billions of dollars each week into trading houses on Wall Street without offering any credible explanation to the American people as to why Wall Street is getting another bailout – and while mainstream media pretends this is as normal as apple pie by refusing to cover what’s happening.) By Pam Martens and Russ Martens
World:
After 60 Years of Struggle, Sacrifices, Efforts And Victories, We See A Free, Independent Country, The Master Of Its Own Destiny Speech by Army General Raúl Castro Ruz, First Secretary of the Communist Party of Cuba Central Committee, at the central act to commemorate the 60th anniversary of the triumph of the Revolution, in Santiago de Cuba, January 1st, 2019, “Year 61 of the Revolution”
61 Years Strong: Cuba’s Revolution Lives On Despite Blockade “Cuba has demonstrated time and time again that despite this asymmetric power, they are well-versed in strategies to delegitimize the U.S.’s position.”A day that will forever live in the hearts and minds of free men and women around the world, Jan. 1, 1959 marked the triumph of the Cuban Revolution, as the military dictatorship of Fulgencio Batista ended under the leadership of Fidel Castro, Ernesto Che Guevara, Camilo Cienfuegos, and Raul Castro, among others. And on its 61st anniversary, the ideals of socialist society and state live on despite an illegal nd brutal blockade installed by the United States in 1962 to undermine the project in the Caribbean Island, a policy which has been bolstered by current U.S. President Donald Trump.
The Holocaust in the Name of the Holocaust: Israel Demolishes Newly Built Houses Of Palestinian Families On New Year’s Day Al-Khalaileh families shocked to wake up and be told army had started to demolish their two houses in East Jerusalem Israeli forces demolished two houses 0n Wednesday belonging to Palestinian families in the Silwan neighbourhood of occupied East Jerusalem, south of the Al-Aqsa Mosque. By Sondus Ewies znd Mustafa Abu Sneineh
Education, Health, Science, 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 ‘governn’, pass universal healthcare for themselves, but they cannot spend even one trillion dollars for universal health for those who are ‘governed’! This is what is considered, by the powers the to be, a democracy and part of the democratic way. — Roland Sheppard, Let the People Vote on Healthcare!
