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Image of the Day:
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!
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 0f the Day:
Yet, to fail to act, and this means carrying out mass, sustained acts of nonviolent civil disobedience in an attempt to smash the megamachine, is spiritual death. It is to succumb to the cynicism, hedonism and numbness that has turned the systems managers and technocrats that orchestrate this social murder into human cogs. It is to surrender our humanity. It is to become an accomplice. Albert Camus writes that “one of the only coherent philosophical positions is revolt. It is a constant confrontation between man and his obscurity. It is not aspiration, for it is devoid of hope. That revolt is the certainty of a crushing fate, without the resignation that ought to accompany it.” “A living man can be enslaved and reduced to the historic condition of an object,” Camus warns. “But if he dies in refusing to be enslaved, he reaffirms the existence of another kind of human nature which refuses to be classified as an object.” The capacity to exercise moral autonomy, to refuse to cooperate, to wreck the megamachine, offers us the only possibility left to personal freedom and a life of meaning. Rebellion is its own justification. It erodes, however imperceptibly, the structures of oppression. It sustains the embers of empathy and compassion, as well as justice. These embers are not insignificant. They keep alive the capacity to be human. They keep alive the possibility, however dim, that the forces that are orchestrating our social murder can be stopped. Rebellion must be embraced, finally, not only for what it will achieve, but for what it will allow us to become. In that becoming we find hope. — Chris Hedges: The Age of Social Murder
But if the size of the debt rises, it will increase the amount of debt servicing costs, if government bonds are used to increase and service the debt. That will eat into available funds for government to spend on services over time. If interest rates are held down and the Bank of England ‘’monetises’’ the debt, then foreign investors will start to take their money out of sterling and the pound will slide, driving up inflation. There is no ‘free lunch’ in debt and no country is an island, including the British Isles. It all depends on whether the UK economy can ‘’grow out’’ of its debt burden as it did after the second world war through a combination of high public investment and rising inflation (that eventually forced the devaluation of the pound). Given that the profitability of capital in the UK is at an all-time low and the business investment rate worse than in any other major economy, the prospects of achieving that are small. Before this parliamentary term ends, the UK economy could be facing a new economic crisis. — UK Budget: Coming Out of COVID
Videos of the Day:
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
Chris Hedges: The Age of Social Murder The ruling elites, despite the accelerating and tangible ecological collapse, mollify us, either by meaningless gestures or denial. The two million deaths that have resulted from the ruling elites mishandling of the global pandemic will be dwarfed by what is to follow. The global catastrophe that awaits us, already baked into the ecosystem from the failure to curb the use of fossil fuels and animal agriculture, presage new, deadlier pandemics, mass migrations of billions of desperate people, plummeting crop yields, mass starvation and systems collapse. The science that elucidates this social death is known to the ruling elites. The science that warned us of this pandemic, and others that will follow, is known to the ruling elites. The science that shows that a failure to halt carbon emissions will lead to a climate crisis and ultimately the extinction of the human species and most other species is known to the ruling elites. They cannot claim ignorance. Only indifference. Ruling Class Joe and the Essence of American PoliticsIt’s a damn good thing that the demented pandemo-fascist oligarch Donald Trump no longer sits in the White House and that his Republifascist Party no longer holds the majority in the U.S. Senate. But make no mistake: Americans continue to live under an unelected dictatorship of money and empire. Just because that class dictatorship isn’t quite ready for Door #1, open fascist rule, don’t look for Door #2, neo-New Deal reformist social democracy, anytime soon. No, we are still getting slammed in the face with Door #3, a neoliberal corporate-imperial authoritarianism that cancels #2 while setting us up for a harsher version of #1 in the not-so-distant future. By Paul Street
What We Got in Biden The wrenching appeals by some on the political left to vote for Biden must sting for some of those who actually did cast their vote for him, or at least against Trump in November 2020. This is the game that plays itself out again and again and again, ad nauseam, in US politics, the politics of the ruling elite. The electorate can’t have even those mild reformers among US leaders such as Bernie Sanders or Ralph Nader. That was made clear during both the 2016 and 2020 election cycles. After 2000, the ruling elite’s errand boys and girls made a pariah out of Nader, a hero in my book! The Democratic Party coalesced around Biden in 2020, even though most knew that his domestic and foreign policies of the past would lead in a direct line to what now seems obvious. The political and economic elite won’t allow for any kind of significant changes to the status quo, even if it means that the entire system goes down the proverbial tubes. They, the elite, would rather have a kinder, gentler face to front for their policies, rather than the bald-face ugliness of a Trump, but in the end they’ll support a Trump and worse if need be. By Howard Lisnoff
If Biden Wants to Protect Troops, He Should Bring Them Home — Not Bomb Syria Biden seems determined to continue the failed policies of his predecessors, regardless of their illegality. The United States has bombed Syria more than 20,000 times over the past eight years, so last week’s attack on a border post in northeastern Syria, which killed 22 militiamen and apparently no civilians, may not seem surprising to some. However, taking place barely five weeks into his presidency, it is nevertheless disappointing that President Biden appears determined to continue the failed policies of his predecessors, regardless of their illegality. By Stephen Zunes
Democracy Is More Than the Vote. It’s Also Our Health and Reproductive Rights. Framed as a battle to save democracy, the 2020 election and its aftermath only exposed the vulnerabilities within the U.S. political system. While millions of voters overcame the “big lie” at the national level, the focus on federal elections has overshadowed the ongoing struggle at the state level to protect democracy. Republicans responded to historic turnout by introducing a wave of legislation restricting voting rights in states across the country. Repeatedly debunked lies about fraud and election administration continue to fuel the proposed changes to a manufactured problem. In Georgia, where a multiracial coalition sent shock waves through the political world, Republicans introduced several dozen bills aimed at limiting the turnout seen in the general and runoff elections. Advocates have recently honed in on two bills, calling them the worst voting legislation since the Jim Crow era. Georgia Senate Bill 241 would end no-excuse absentee ballots and add witnessing and ID requirements for those using absentee ballots.manufactured problem. By Anoa ChangaEnvironment:
Civil Rights/Black Liberation:
Public Sector Unions Mean Middle-Class Jobs for Black Workers Government jobs have been an important source of economic mobility for Black workers and their families for many years. The federal government was an early adopter of anti-discrimination provisions, and today about a fifth of federal workers are Black. This includes those employed by the United States Postal Service, which provided well-paying jobs and career pathways to formerly enslaved people well before the rest of government, and in 2020 employed just under a fifth of Black federal workers. State and local governments have similarly emerged as wellsprings of relatively stable and well-paying employment for Black workers and pensions for Black retirees. The public sector’s legacy as a path to the middle class for the Black community persists today; government workers are disproportionately Black, and the pay gap between Black workers and white workers is smaller in the public sector than in the private sector. By Hayley Brown – Dean Baker
Senator Ossoff Drops a Bombshell: “The 12 or 13 Largest Banks” Got the Trillions from the Fed’s Repo Loans Last Year The new, 34-year old Democratic Senator from Georgia, Jon Ossoff, let a very big cat out of the bag at yesterday’s Senate Banking hearing. For at least a year, from September 17, 2019 through at least September 30, 2020, the New York Fed, acting as an agent for the Federal Reserve, doled out a cumulative $9 trillion or more in repo loans. The Fed would say only that the money was going to some of its 24 Primary Dealers on Wall Street, without naming any specific bank receiving the money. In June of 2020, the New York Fed abruptly stopped reporting the dollar amounts it was pumping out each day. (See Watchdog Report: Fed’s Billions in Emergency Repo Loans to Wall Street Didn’t Go Away in June; They Just Went Dark.) By Pam Martens and Russ Martens
The New Cradle of ‘Civilization’: 200,000 Year Old City Found In Southern Africa May Rewrite History The complex ruins of a walled city, thought to be built by an advanced ancient civilization have been discovered in Southern Africa. This discovery may rewrite history- as soon as history is ready to be rewritten… The great pyramid of Giza is thought to be one of the oldest structures in the world- it’s only 5000 years old. The most ancient structure on earth is reportedly the megalithic temples in Malta, carbon dated to 3500BCE. Right up until now these were known as the first advanced civilizations. Michael Tellinger and Johan Heine have discovered a sight in Mozambique’s Maputo that dates back 200,000 years. The site is thought to be part of an ancient city that spans 10,000km’s. It has roads joining complex circular structures with agricultural areas which indicate that it belonged to a highly advanced civilization. By Laura BradfieldImperialist Powers Refuse Money to Feed Yemen Six years of war in Yemen have brought the country to the brink of an absolute humanitarian disaster. The Saudi-led alliance, backed by the UK and the US, has imposed tremendous suffering on the Yemeni people. With 16 million suffering hunger and 400,000 children at risk of death from starvation, the situation is getting worse by the day. And the imperialists are unwilling to assist the victims, By Niklas Albin SvenssonProtests Against Dam Pit Georgian Workers Against Government and Corporate Cronies Plans for a US$800 million hydropower project in the Tskaltubo and Tsageri municipalities in Georgia have provoked protests from residents of the Rioni River valley, who are unwilling to see their homes and livelihoods sacrificed on the altar of profit. While different bourgeois parties and politicians squabble amongst themselves, local people fight day and night to protect their land, their homes and the environment. By David TurashviliUK Budget: Coming Out of COVID The UK economy was the hardest hit of the top G7 economies in the year of the COVID. Real GDP fell 9.9%, which the multi-millionaire and richest man in the British parliament, Conservative Chancellor, Rishi Sunak admitted was the worst contraction in national income in 300 years! The UK government also failed to protect the people from COVID-19. Following a resurgence of infections over the winter, around 1 in 5 people in Britain have so far contracted the virus, 1 in 150 have been hospitalised, and 1 in 550 have died, the fourth highest mortality rate in the world. While output partially recovered in the second half of 2020, the latest lockdown and temporary disruption to EU-UK trade at the turn of the year will deliver yet another fall in GDP in Q1 2021. By Michael Roberts
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 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
‘Endangers the Entire Country and Beyond’: Grave Warnings as Texas Gov. Abbott Lifts Covid Restrictions “Clearly this announcement is a desperate distraction from the governor’s dereliction of duty during the massive power and water outage.” —Rep. Joaquin Castro “Make no mistake: opening Texas prematurely will only lead to faster Covid spread, more sickness and overcrowding in our hospitals, and unnecessary deaths.” By Jake Johnson