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The US Capitalist Class is Divided Over When — Not If, to Apply: The Iron Heel!
Extreme Fires and Floods — We Are at the Global Waming ‘Tipping Point’ If It’s Not Here, Its Near!
Due to Years of Austerity, Cuts to Public Health Care, And An Anti-Science and Profiteering President, The United States Now Leads the World In Coronavirus Cases and Deaths in the World! And Now the Total Caronavirs Deaths in the United States are Over 20% of the Total Deaths in the Entire World!
Another Example Capitalism as a Failed System: World Capilalism Was Aware of the Danger of Cornovavirus Threat 4 Years Ago and Did Nothing!
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!
Images of the Day:
“The U.S. is a corporate dictatorship where the rich have two parties and the rest of us effectively have none.” The trick will continue to work until voters, especially Blacks, stop rewarding Democrats for their serial betrayals. There is nothing smart or “strategic” about falling for the same trick every election cycle – and anybody that tells you different is in on the con game. The corporate Democratic stranglehold on Black America results in Black voters electing officials to office who resist the demands put forward by Black protesters in the street. We cheer the Black Lives Matter activists that demand defunding, abolishing and community-controlling the cops, but then vote to make president a politician who “wrote the bill” that imprisoned millions of our people and who continues to oppose cuts in police budgets. Such political schizophrenia extends to notables in the “movement,” like Black Lives Matter co-founder Patrisse Cullors. “I think we can call for Biden and [Kamala] Harris to be challenged for their past while also being the cheerleaders for them to win the election November 3.” — The Politics That Led to the “Worst Debate”
Videos Of the Day:
Black Agenda Report Presents: The Left Lens
ByDanny Haiphong and Margaret Kimberley
The U.S. claims to hold a monopoly on human rights despite being the most egregious human rights violator on the planet. Margaret Kimberley and Danny Haiphong discuss the domestic and international scope of U.S. human rights abuses and the hypocrisy of the evidence-free claims made against China. Like, subscribe, and share the video.
By Danny Haiphong and Margaret Kimberley
Former Neo-Nazi Says Trump’s Call for Proud Boys to “Stand By” Will Encourage More Violence
United States:
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 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. Rax the Rich! — They Can Afford To Pay!
Trump Uses Debate to Incite Fascist Violence! US President Donald Trump used the platform provided by Tuesday night’s debate with Democratic candidate Joe Biden to incite fascist violence against voters and make clear that he would not accept the outcome of the election, now just over one month away.Asked by Chris Wallace of Fox News whether he was willing “to condemn white supremacists and groups” who have instigated violence, Trump responded with a hysterical denunciation of socialism and left-wing politics and an open call for the extra-constitutional mobilization of paramilitary organizations. “Almost everything I see is from the left-wing,” he proclaimed. “Not from the right-wing.” “Proud Boys, stand back and stand by,” Trump said, referring to a fascistic, racist and anti-Semitic organization that has terrorized protests against police violence throughout the country with armed patrols. “I’ll tell you what,” Trump added, “Somebody has to do something about Antifa and the left. This is not a right-wing problem. This is left-wing.” By Joseph Kishore
Who Are The Proud Boys? They’re a pro-Trump street gang that’s committed violent acts across the country, and now they have tacit endorsement from the president. The Proud Boys are a violent, nationalist street gang that formed in 2016 amid now-President Donald Trump’s election campaign. Though the group was always known for plotting and carrying out attacks on protesters at political rallies, it gained new notoriety after Trump acknowledged them during a presidential debate with Democratic candidate Joe Biden on Tuesday. Initially the Proud Boys were a small group of self-described “Western chauvinists” under Vice magazine co-founder Gavin McInnes, and made a name for themselves in right-wing circles by fighting with leftist protesters at pro-Trump rallies in and around cities like Portland, Oregon, and New York City. After Trump’s election, their numbers grew, as did their reputation for violence. By Andy Campbell
US Strikes Iraqi Targets From Aircraft Carrier in Persian Gulf For the first time in nearly two-and-a-half years, US warplanes conducted an airstrike against Iraqi targets from an aircraft carrier deployed in the Persian Gulf. The US Navy’s Fifth Fleet reported that the attacks were carried out by two F/A-18F Super Hornets flying off the deck of the USS Nimitz. By Bill Van Auken
Rich Mostly Fine But Poorest ‘Completely Crushed’ After Covid-19 Triggered ‘Most Unequal’ Recession in Modern US History A new analysis by the Washington Post found that the coronavirus recession eliminated low-wage jobs at around eight times the rate of high-wage jobs. By Jake Johnson
Citing Post-Election Period as Possible ‘Flashpoint,’ FBI Memo Warns of Far-Right, White Supremacist Violence to Come Trump’s encouragement of white supremacist groups and his claims that the election will be rigged by the Democrats present a “recipe for disaster,” one critic said. By Julia Conley
Environment:
Putting ‘Its Money Where Its Brains Are,’ Cambridge Announces Historic Divestment of £3.5 Billion Endowment In what climate activists worldwide called a “massive victory” after a five-year campaign, the University of Cambridge on Thursday committed to removing all direct and indirect investments in the fossil fuel industry from its £3.5 billion endowment fund by 2030 as part of a broader plan to cut its greenhouse gas emissions to zero by 2038. In what climate activists worldwide called a “massive victory” after a five-year campaign, the University of Cambridge on Thursday committed to removing all direct and indirect investments in the fossil fuel industry from its £3.5 billion endowment fund by 2030 as part of a broader plan to cut its greenhouse gas emissions to zero by 2038. By Jessica Corbett
An Ecosocialist Manifesto: For an Egalitarian, Cooperative Road to Ecosocialism! 
We are in the midst of a climate emergency and there is no way out without radically changing the way society is organised. If humanity does not free itself from the capitalist drive for ever greater profits and ever-expanding economic growth, rising global temperatures alone will make the planet uninhabitable for humans and millions of other living species. We urgently need to find a collective road to a new way of living that is based on human solidarity and ecological sustainability!
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The emergency is now
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We need to move beyond capitalism to ecosocialism
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Capitalism’s violent defence of power and privilege
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Building a movement for ecosocialist revolution
Civil Rights/Black Liberation!
The Politics That Led to the “Worst Debate” The incoherence of the Biden-Trump debate will be repeated every election cycle until Blacks and progressives break with the corporate duopoly. By Glen Ford, BAR Executive Editor
Freedom Rider: Breonna Taylor and Black Life Reactions to the Breonna Taylor murder, settlement and verdict all have one thing in common: Black people’s inability to protect our lives. By Margaret Kimberley, BAR senior columnist
The China and Africa Connection U.S. Imperialism Does Not Want You to Know About The US sows hysteria about China because Washington can no longer dictate global affairs without any significant challenge. By Danny Haiphong, BAR Contributing Editor
Why We Focus on Africa Africa can’t demonstrate independence and power because the entire continent has a giant U.S. military boot on its neck. By Black Alliance For Peace
Who is Rwanda’s Real Hero? Paul Kagame or Paul Rusesabagina? What Kagame has done to Rusesabagina, of Hotel Rwanda fame, embarrasses the US foreign policy establishment that has lionized his brutal regime for so long, writes Ann Garrison. By Ann Garrison, BAR Contributing Editor
Hamilton and the Minstrel Show Remix Hamilton has sent white people with emotional investments in not being racist over-the-moon. By Deborah L. Bowen and Tryon P. Woods
Is Freedom White?
Now as in the past, much of the talk about American “freedom” is really about white people’s presumed right to dominate everyone else. By Jefferson Cowie
Racism and Health
The racist roots of healthcare in this country run as deep as the slavery underpinnings of policing. By Margaret Flowers
Hunger in America, Especially for Children, Has “Skyrocketed” During Pandemic
Census data show 19 percent of Black households did not have enough food to eat in the past week, compared to 7 percent of white households. By Jon Schwarz
The Blue Wall Of Silence
A majority of New York City cops are non-white, but their union endorsed the re-election of Donald Trump, with no loud protest from the darker ranks. By Aurin Squire
How Criminal Cops Often Avoid Jail Dozens of New Jersey officers who have been criminally charged with official misconduct avoided the jail time called for under the law. By Andrew Ford
Fear and Russia-Loathing in the National Lawyers Guild
Trump’s election, Russiagate and the smear campaign against Julian Assange have deluded and disoriented many “left” organizations. By Riva Enteen
Labor:
Economy:
Federal Funds Rate – 62 Year Historical Chart Shows the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate. The current federal funds rate as of September 28, 2020 is 0.09%.
Pumping theBubble! :
The New York Fed, Pumping Out More than $9 Trillion in Bailouts Since September, Gets Market Advice from Giant Hedge Funds The New York Fed, the unlimited money spigot in times of need by Wall Street’s trading houses, has been conducting meetings with hedge funds to get their input on the markets. More on that in a moment, but first some necessary background. Millions of Americans have seen the movie The Big Short, based on the Michael Lewis bestselling book by the same name. A key character in the movie is Mark Baum, played by Steve Carell. The character is based on Steve Eisman, who, during the financial crisis of 2008, was employed at FrontPoint Partners LLC, a hedge fund unit of Morgan Stanley. As widely acknowledged, FrontPoint was shorting subprime residential mortgages that were packaged into CDOs (Collateralized Debt Obligations). Shorting means to make a bet that a financial instrument will lose value. Front Point was, in fact, hoping American homeowners would be foreclosed on and their subprime mortgages would become worthless. By Pam Martens
World:
Britain: Counter COVID Conspiracies With Class Struggle! As the pandemic drags on, anger and distrust towards the government is growing. Many are understandably sceptical of what they hear in the media or from politicians. The labour movement must channel this mood along class lines. By Joe Attard
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 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
Laura Gray’s cartoon from the front page of The Militant August 18, 1945, Under the Banner Headline: “There Is No Peace”
Quotes 0f the Day: