Another Example Capitalism as a Failed System: World Capilalism Was Aware of the Danger of Cornovavirus Threat 4 Years Ago and Did Nothing!
Capitalism Does Not, and Never Has, Worked for the Masses! In Its Death Agony, Capitalism Is Traveling About The World Like The Four Horsemen of the The Apocalypse, Spreading War, Famine, Pestilence, and Death. The very future of Humanity Is Now At stake!
Laura Gray’s cartoon from the front page of The Militant August 18, 1945, under banner headline: “There Is No Peace”
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 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!
Quote of the Day:
From United States Coronavirus Pandemic Crisis: Lessons to be Learned: If The United States Had Enough Coronavirus Test Kits Big Travel Restrictions And Lockdowns Would Not Be Necessary!: Effective quarantine is essential for tackling the coronavirus and this cannot happen without extensive testing for covid-19, says World Health Organization assistant director general Bruce Aylward. “To actually stop the virus, China] had to do rapid testing of any suspect case, immediate isolation of anyone who was a confirmed or suspected case, and then quarantine the close contacts for 14 days so that they could figure out if any of them were infected,” Aylward told New Scientistin an exclusive interview. “Those were the measures that stopped transmission in China, not the big travel restrictions and lockdowns.” — WHO Expert: We Need More Testing to Beat Coronavirus:
The proposal would also grant those top judges broad authority to pause court proceedings during emergencies. It would apply to “any statutes or rules of procedure otherwise affecting pre-arrest, post-arrest, pre-trial, trial, and post-trial procedures in criminal and juvenile proceedings and all civil process and proceedings,” according to draft legislative language the department shared with Congress. In making the case for the change, the DOJ document wrote that individual judges can currently pause proceedings during emergencies, but that their proposal would make sure all judges in any particular district could handle emergencies “in a consistent manner.” — ‘Oh Hell No’: DOJ Using Coronavirus Crisis to Push for Expansive Emergency Powers
Images of the Day:
Videos of the Day:
Senators Choose Stock Portfolio Over Public Health NPR obtained a secret recording of Sen. Richard Burr warning the elite Social Hill Club of the dire potential economic impacts of the virus.
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.
Because of the Threat of Coronavirus Turning ICE Detention Into ‘Death Camps,’ Groups Rallying to Free Families Held Around Country As legal advocates filed an emergency suit on behalf of families and children detained by ICE, activists around the U.S. demonstrated against the continuing detention of immigrants by the federal agency as the coronavirus outbreak continues to spread across the nation.“ICE is making the pandemic more dangerous for everyone.” By Eoin Higgins
Sanders Calls for ‘Unprecedented Legislative Response’ to Coronavirus Crisis—Not Corporate Bailouts “Now is not the time to allow large corporations to take advantage of this horrific crisis by ripping off U.S. taxpayers and profiteering off of the pandemic.” By Eoin Higgin
‘Trump Must Act Now’: Bernie Sanders, Others Call on President to Use Powers to Manufacture Equipment for Coronavirus Response “This decision is unconscionable. It will allow the virus to spread. It will get people killed.” By Eoin Higgins
Democracy vs Pandemic By Greg Palast Let’s not create a precedent for Trump to cancel the November election. Rather than argue about cancelling primaries and elections, let’s talk about how we can vote without dying:
Push for mail-in balloting in all states. Some (Washington, Colorado) require it (with exceptions). 40 million were expected to vote by mail — let’s make it 90 million.
A church I visited substituted Souls-to-the-Post in place of Souls-to-the-Polls. They had a church “ballot fill-in” picnic. (These meets may have to be “virtual.”)
Check your registration NOW so you don’t have to be one of the three MILLION voters who must go in to fill out a bogus provisional ballot.
Extend early voting hours and locations. I find that early voting stations are virtually empty (except for Souls-to-Polls Sunday). You saw all those lines of fools waiting hours to vote in California. Two days before, I stood in the giant UCLA voting station for an hour and exactly three students came in to vote.
When you fill in that absurd absentee ballot and envelope — have someone else check it over to make sure you filled in the envelope carefully, signed it in TWO places (most states), with your registration signature, and ONLY using the official envelope.
Decades ago, the right wing said, “Better dead than Red.” Today: “Better postal than Orange.”
What Did the U.S. Get for $2 Trillion in Afghanistan? By Sarah lmukhtar and Rod Nordland All told, the cost of nearly 18 years of war in Afghanistan will amount to more than $2 trillion. Was the money well spent? There is little to show for it. The Taliban control much of the country. Afghanistan remains one of the world’s largest sources of refugees and migrants. More than 2,400 American soldiers and more than 38,000 Afghan civilians have died.
$1.5 Trillion Waging War The Taliban control or contest much of the country.
$10 billion on Counternarcotics Afghanistan supplies 80 percent of the world’s heroin.
$87 Billion to Train Afghan
Military and Police Forces Afghan forces can’t support themselves.
$24 Billion on Economic Development Most Afghans still live in poverty.
$30 Billion on Other Reconstruction Programs Much of that money was lost to corruption and failed projects
$500 Billion on Interest The war has been funded with borrowed money. (Finance Captial — S.)
$1.4 Trillion on Veterans That Have
Fought in Post-9/11 Wars by 2059 Medical and disability costs will continue for decades.
‘Going to Get Millions of People Killed’: In All-Caps Tweet, Trump Again Undermines Expert Warnings on Coronavirus “The president is signaling that after 15 days he wants to ‘isolate the high-risk groups’ and tell everyone else to go back to work—based on a recommendation from a Twitter rando and in direct contravention to public health experts.” ByJake Johnson
The Pathogenic Profits System: Beyond Begging, Praying, and Capital We live in an age of Orwellian untruth where falsehood is the norm. One key falsehood worth unmasking is the claim that the current COVID-19 stock market decline, soon to usher in a full-on recession, is a “black swan” – an unpredictable (and supposedly unpredicted) “surprise” event with great and negative consequences outside the normal operations of capitalism. By Paul Street
The Virus and Capitalism The U.S. is in the midst of a full-blown public health crisis made worse by systemic political dysfunction. The benchmark Imperial College study suggesting that up to two million people in the U.S. could die from the coronavirus epidemic assumes that the U.S. has an adequate healthcare system— that no one dies from not getting treatment. It doesn’t. Without one, expected deaths are much higher. Should the U.S. experience be similar to Italy or Wuhan to date, add another eleven million* dead to the worst case scenario. By Rob Urie
They Want to Apply Pax Americana Upon The People of the United States!: DOJ Wants to Suspend Certain Constitutional Rights During Coronavirus Emergency The Department of Justice has secretly asked Congress for the ability to detain arrested people “indefinitely” in addition to other powers that one expert called “terrifying” The Trump Department of Justice has asked Congress to craft legislation allowing chief judges to indefinitely hold people without trial and suspend other constitutionally-protected rights during coronavirus and other emergencies, according to a report by Politico’s Betsy Woodruff Swan.By Peter Wade
Coronavirus Pandemic Leading to Huge Drop in Air Pollution ‘Largest scale experiment ever’ shows what is possible as satellite images reveal marked fall in global nitrogen dioxide levels The coronavirus pandemic is shutting down industrial activity and temporarily slashing air pollution levels around the world, satellite imagery from the European Space Agency shows.One expert said the sudden shift represented the “largest scale experiment ever” in terms of the reduction of industrial emissions. By Jonathan Watts and Niko Kommenda‘Biggest Loss of Clean Water Protection the Country Has Ever Seen’: Trump Guts Safeguards for US Streams and Wetlands “This all-out assault on basic safeguards will send our country back to the days when corporate polluters could dump whatever sludge or slime they wished into the streams and wetlands that often connect to the water we drink.” By Jake Johnson
Civil Rights/ Black Liberation:
Contagion Nation 2020: United States Still the Only Wealthy Nation without Paid Sick Leave The current global pandemic highlights the importance of paid leave for workers who are unable to work because of an illness or temporary disability, or because they need to care for a person with an illness or temporary disability. In a 2009 report, the Center for Economic and Policy Research (CEPR) reviewed paid sick leave policies in 22 countries ranked highly in terms of economic and human development. We found that the United States was the only country that did not guarantee that workers receive paid sick days or paid sick leave. Since then, several other countries included in our initial report have strengthened their standards for paid leave, including for self-employed workers, while the United States remains the outlier that provides no national guarantee. By Hye Jin Rho, Shawn Fremstad, Jared Gaby-Biegel
Capitalism threatens to throw us back to the Dark Ages The prospects for the world economy are growing grimmer by the day. Governments are throwing everything they have at the situation. But they have run out of ammo fighting the last crisis. There is no way out under capitalism. The coronavirus pandemic is wreaking havoc across the world, shutting down society and paralysing production. As a result, the global capitalist system is facing an existential crisis, with a slump that is affecting all countries simultaneously. This crisis is going to be bigger than any we have seen before – bigger than 2008, and bigger than 1929-33. Mass unemployment is going to return with a vengeance, as millions lose their jobs. Steve Mnuchin, the US Treasury secretary has warned that the US jobless rate could leap to 20%, with tens of millions affected. It was 10% in the wake of the 2008 crash. By Rob Sewel
Corona Debt Jubilee Even before the novel coronavirus appeared, many American families were falling behind on student loans, auto loans, credit cards and other payments. America’s debt overhead was pricing its labor and industry out of world markets. A debt crisis was inevitable eventually, but covid-19 has made it immediate. Massive social distancing, with its accompanying job losses, stock dives and huge bailouts to corporations, raises the threat of a depression. But it doesn’t have to be this way. History offers us another alternative in such situations: a debt jubilee. This slate-cleaning, balance-restoring step recognizes the fundamental truth that when debts grow too large to be paid without reducing debtors to poverty, the way to hold society together and restore balance is simply to cancel the bad debts. By Michael Hudson
The ’Emerging Market’ Slump Forecasts of a global slump in the rest of 2020 are coming in droves from mainstream economists – it’s now the consensus that there will be a contraction in global real GDP in at least two consecutive quarters (Q1 and Q2), in the wake of COVID-19 pandemic and the ‘lock down’ in response. Forecasts of a global slump in the rest of 2020 are coming in droves from mainstream economists — it’s now the consensus that there will be a contraction in global real GDP in at least two consecutive quarters (Q1 and Q2), in the wake of COVID-19 pandemic and the ‘lock down’ in response
Shadow Government StatisticsDaily Update (March 19th to 22nd) Confirming a deepening, pre-pandemic recession: In the Final Set of Major Pre-Pandemic Economic Numbers, the February 2020 Cass Freight Index® Continued in Annual Decline for the 15th Straight Month, Down by 7.5% (-7.5%)
February Real Retail Sales Dropped 0.6% (-0.6%) Month-to-Month, With Annual Growth Slowing to 2.0%
4q2019 “Holiday Season” Real Sales Decline Revised Deeper, Again, to a 0.8% (-0.8%) Quarterly Contraction, with 1q2020 on Track for a Real, Pre-Pandemic 0.1% Gain / Headline February Industrial Production Monthly Gain of 0.55% Was a Monthly Decline of 0.15% (-0.15%), Net of Extreme and Randomly Volatile, Weather-Driven Utility Usage
Pending Economic Impact of Pandemic: Likely the Deepest Headline GDP Drop in Modern History, Post-World War II Reporting
Separately, Beware of a Meaningful, Pre-Pandemic Downside July 2020 GDP Benchmarking! on the pre-pandemic plus-side: Despite Continuing, Absurd Monthly Volatility in Housing Starts and Building Permits, Six-Month Smoothed New-Residential Construction Pushed to New Post-Recession Highs in February 2020, Although Still Shy of Recovering Pre-Great Recession Peak Activity by 29% to 32%
INFLATION: February 2020 PPI Monthly Inflation Plunge of 0.59% (-0.59%) Was Deepest Since 0.63% (-0.63%) in January 2015
All Major Categories Were in Monthly Decline Except for Construction
February CPI-U Inflation Was Constrained by Pre-March-Oil-Price-Collapse Lower Gasoline Prices
March Inflation Should Take a Big Hit from Oil-Price War
FOMC ACTIVITY-SYSTEMIC STABILITY: Targeted Fed Funds Rate Was Cut to 0.00%, With Renewed Quantitative Easing
Market, Economic, Social and Political Turmoil Are Just Beginning
Federal Reserve’s Loss of Systemic Control Was Brought to a Head by the Coronavirus Crisis, Exacerbated by Collapsing Oil Prices
Fed Functionality Was Impaired Severely, When Systemic Control Was Lost in the 2007/2008 Bailout of the Failed Banking System
The Current Recession Began With Overly Aggressive FOMC Tightening in 2018, and Lack of Adequate, Subsequent Easing
The Deepening Pre-Pandemic Recession Has Been Overtaken and Is Being Overwritten on the Downside by Pandemic Intensification and the Oil Price Collapse
Despite continued extreme market volatility, including short-lived market interventions: Flight from the U.S. Dollar and Stocks to Physical Gold and the Swiss Franc Should Continue and Intensify
For First Time in History, Fed to Make Billions in Loans to Big and Small Businesses Without one vote by an elected official, the Federal Reserve just became a brand new national legislative body. It will, without any oversight in Congress, decide what corporations and businesses to save and which to let fail. While the corporations and small businesses will receive “billions,” Wall Street’s mega banks and trading houses will, once again, have trillions of dollars of toxic securities removed from their balance sheets, including plunging stocks through the Fed’s Primary Dealer Credit Facility. The Fed also announced that its purchases of Treasury and Mortgage-Backed Securities (MBS) will now be limitless, rather than capped at a total of $500 billion. The reason for that change is that the Fed blew through $272 billion in Treasury purchases and $68 billion in MBS purchases just last week alone, already using up $340 billion of its $500 billion allotment – which did little to stem the markets from plunging. By Pam Martens and Russ Martens
Venezuela Guarantees Medicines to Fight Coronavirus Venezuelan President Nicolás Maduro has reiterated that the country has all the necessary medicines for the treatment required by the new COVID-19 coronavirus, thanks to the support given by the United Nations health system. After the national social quarantine was decreed, the Venezuelan authorities have highlighted the importance of complying with this measure to prevent new cases of contagion in the territory, which so far has reported 42 infected people.”We have the treatments, we have all the medicines we need for the treatments, we have enough, and we are ordering to acquire the raw material because the national pharmaceutical industry is capable of manufacturing the 24 medicines that are needed to face the coronavirus from now on,” said the president. During a telephone contact with the Presidential Commission to attend to cases of the virus in the country, the head of state thanked the more than 9 million people who responded to the national survey to identify possible suspected cases, which will be dealt with in one day. The extensive screening will be done this weekend. “We have the support of the World Health Organization, all the UN agencies and the Pan American Health Organization. Coordination with these organizations is close, daily, and with their recommendations, we have developed a protocol of care and curative treatments for all people with the coronavirus, “he said. The Venezuelan head of government announced that 130 more Cuban doctors have joined the Barrio Adentro Mission. This government program guarantees health care to the country’s communities. This new group of specialists will join the work carried out by the national government in the area of prevention, care, and control of the COVID-19.
Health, Science, 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 ‘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 to be, a democracy and part of the democratic way. — Roland Sheppard, Let the People Vote on Healthcare!
United States Coronavirus Pandemic Crisis: Lessons to be Learned By Roland Sheppard
Lessons to Be Learned
Healthcare is a Right! We Need A National Healthcare System That Can Provide Healthcare For All! — Not Healthcare for Profit! Cuba has Such a System: Cuba’s Interferon Alpha 2B, Successful in Treating COVID-19For 40 years, Cuba has been using a molecule named Interferon Alpha 2B , which has successfully been used to combat the new Coronavirus in China and elsewhere. “The world has an opportunity to understand that health is not a commercial asset but a basic right,” Cuban doctor Luis Herrera, the creator of the Interferon Alfa 2-B medication, one of the most successful medications in the fight against COVID-19 told teleSUR Tuesday.
We Must End Factory Farming! We Must Start the Transformation of Factory Farming to Smaller, Scaled-Down, Organic Farming. Devoid of Chemicals!