Skip to content
Over a Hundred Years Ago. Rosa Luxemburg Raised the Slogan: Socialism or Barbarism! The Slogan for 2021 is Ecosocialism or Ecocide!!!!
Images of the Day:
E.V. Debs: Law and Order
Another Example of Capitalism as a Failed System: World Capilalism Was Aware of the Danger of Cornovavirus Threat Over 5 Years Ago and Did Nothing!: Under Capitalism — Human Lives Don’t Matter 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 Racism, War, Famine, Pestilence, and Death. The future of Humanity Is Now At stake!
The future of Humanity Is Now At stake! Since World War I, ‘the war to end all wars’, there have been perpetual wars for perpetual peace, this Laura Gray’s cartoon from the front page of The Militant August 18, 1945, Under the Banner Headline: “There Is No Peace”
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 of the Day:
Saudi policy is to bet on all players in any conflict, so it can truthfully claim to be backing the Afghan government and fighting terrorism, though it is also indirectly funding a resurgent Taliban. The US was not blind to this, but only occasionally admitted so in public. Six years after 9/11, in 2007, Stuart Levy, the under secretary of the US Treasury in charge of putting a stop to the financing of terrorism, told ABC news that regarding Al-Qaeda, “if I could somehow snap my fingers and cut off funding from one country, it would be Saudi Arabia”. He added that not a single person identified by the US and the UN as a funder of terrorism had been prosecuted by the Saudis. — By Letting Saudi Arabia Off the Hook Over 9/11, the US Encouraged Violent Jihadism
Videos of the Day:
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, 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!
Radicalization of the Youth Leaves the Ruling Class Fearful Young people around the world are “losing the generation game” because of the global capitalist crisis. Such is the conclusion drawn in a recent article published in the Financial Times, the mouthpiece of big business in Britain. To the ruling class’ horror, the crisis is leading to increasing radicalisation of the youth. The FT is not merely a newspaper, but a special bulletin for investors and the rich – i.e. for the ruling class. With this readership in mind, and speaking with recent graduates, the FT tried to break down exactly why the young generation are losing faith in their system. On the one hand, there are few job prospects for young people: youth unemployment reached a peak of 18% in OECD countries this year, the FT notes. Another is housing, as the FT explains to its readers: “In the UK, people aged under 30 are now four times as likely to rent than they were two generations ago. In the US, a 2015 survey found home ownership among those aged 25 to 34 was 37 per cent, compared with an average of 45 per cent for the same cohort in previous generations.”
Environment: 
‘No Point In Anything Else’: Gen Z Members Flock to Climate Careers Colleges offer support as young people aim to devote their lives to battling the crisis California is facing a drought so devastating, some publications call it “biblical”. Colorado now has “fire years” instead of “fire seasons”. Miami, which sees more dramatic hurricanes each year, is contemplating building a huge seawall in one of the city’s most scenic tourist districts to protect it from storm surges. “Once you learn how damaged the world’s ecosystems are, it’s not really something you can unsee,” says Rachel Larrivee, 23, a sustainability consultant based in Boston. “To me, there’s no point in pursuing a career – or life for that matter.
Black Liberation/Civil Rights:
Labor:
Economy:
-
INFLATION – August 2021 Producer Price Index Inflation Continued Setting Historic Highs
- MONETARY BASE – No Suggestion of Tapering Here, With Early Indications of a Continuing September 2021 Monetary Base Surge; 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 [Money Supply Details Are Posted to the ALTERNATE DATA Tab (Above)]
- July FOMC Policies Were Unchanged [See the SYSTEMIC RISK and MONETARY DATA for Details]
- ECONOMY – After Two Months of Decline, August 2021 Cass Freight Index® Showed Some Seasonally Adjusted Rebound, Still at a Four-Month Low, But Taking Up Some Slack from Railroads
- How Can the Economy (GDP) Be Recovered With No Full Recovery in Employment?
- Against Its Pre-Recession Peak, the Percent Contraction in August 2021 Payrolls Remained Deeper than Anything Seen in the Last Seven Recessions, Back to 1957, Outside of the Great Recession
- July 2021 Numbers Indicated the Real Merchandise Trade Deficit Holding at a Record Shortfall
- With July Details in Hand, Third-Quarter 2021 Construction and Housing Sectors Continued in Early Trend for at Least a Second Consecutive Quarterly Decline, with Some Sectors Headed for Their Fourth Straight Drop [see LATEST NUMBERS]
- COMBINED IMPACT: Reflecting the Surge in Money, Inflation Has Exploded, While Business Activity Has Begun to Pull Back Anew, at an Intensifying Pace
Shadow Government Statistica Alternate Inflation Charts The CPI chart on the home page reflects our estimate of inflation for today as if it were calculated the same way it was in 1990. The CPI on the Alternate Data Series tab here reflects the CPI as if it were calculated using the methodologies in place in 1980. In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living.
SEC Chair Gensler Will Tiptoe Around Questions of Meaningful Reform on Wall Street at Today’s Senate Banking HearingThe Senate Banking Committee will hold a hearing today titled “Oversight of the U.S. Securities and Exchange Commission.” The SEC needs a lot of oversight because that’s the federal agency that didn’t catch Bernie Madoff for more than four decades, despite a financial expert, Harry Markopolos, sending the SEC detailed written reports (in 2000, 2001, 2005, 2007 and 2008), making the case that Madoff was running a Ponzi scheme.
World:
Ex-Heads of State, Nobel Laureates Urge Merkel’s Successor to Back Vaccine Patent Waiver “The new chancellor of Germany will hold extraordinary power to turn the tide on this horrific pandemic and can be the world leader remembered for helping save millions of lives.” More than 140 Nobel laureates and former heads of state signed an open letter Tuesday urging the next German chancellor to throw their support behind a proposed patent waiver for coronavirus vaccines, a step the nation’s outgoing leader has steadfastly refused to take.
Radicalization of the Youth Leaves the Ruling Class Fearful Young people around the world are “losing the generation game” because of the global capitalist crisis. Such is the conclusion drawn in a recent article published in the Financial Times, the mouthpiece of big business in Britain. To the ruling class’ horror, the crisis is leading to increasing radicalisation of the youth. The FT is not merely a newspaper, but a special bulletin for investors and the rich – i.e. for the ruling class. With this readership in mind, and speaking with recent graduates, the FT tried to break down exactly why the young generation are losing faith in their system. On the one hand, there are few job prospects for young people: youth unemployment reached a peak of 18% in OECD countries this year, the FT notes. Another is housing, as the FT explains to its readers: “In the UK, people aged under 30 are now four times as likely to rent than they were two generations ago. In the US, a 2015 survey found home ownership among those aged 25 to 34 was 37 per cent, compared with an average of 45 per cent for the same cohort in previous generations.”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!
“Islamophobia and the Politics of Empire”: Deepa Kumar on How Racism Fueled U.S. Wars Post-9/11
Shadow Government Statistics Daily Update (September 13th to 14th)
