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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:
Texas Roundup
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!
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:
“The world must wake up,” Guterres said. “We face the greatest cascade of crises in our lifetimes.” Guterres repeated earlier warnings about the climate crisis, which has already pushed tens of thousands of people in Madagascar to the brink of famine and caused deadly ildfires, heatwaves, and flash floods in numerous regions—while the governments of wealthy countries continue handing out subsidies to planet-heating fossil fuel companies and make only incremental progress toward shifting to a clean energy economy. “This is a planetary emergency,” Guterres said. “Our world has never been more threatened, or more divided.” . . . “Billionaires joyriding to space while millions go hungry on Earth” only serves to worsen “a malady of mistrust,” Guterres said. — UN Chief Tells World Leaders To Their Faces That Vaccine Apartheid
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, 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!
North Korea’s Missile Tests Aren’t Surprising. Biden Has Been Fueling Tensions. While North Korea’s recent missile tests should not come as a surprise to anyone who follows the country’s ongoing conflict with the United States and South Korea, they show that North Korea is continuing to develop more powerful weapons. In fact, this latest development was entirely predictable because the Biden administration has taken at least two concrete actions that actively fuel tensions on the Korean Peninsula: continuing joint military exercises with South Korea and lifting the cap on South Korea’s missile development.
As Democratic Gears Grind, Their Flawed Legislation Tiptoes Toward Doom Question: When is a Democratic majority not a Democratic majority? Answer: When it’s a Democratic majority. The roof started to cave in visibly on Monday, when House Speaker Nancy Pelosi warned her caucus to expect “adjustments” to the $3.5 trillion climate/social spending budget bill that lies at the center of President Biden’s policy agenda. This is Democrat for “Prepare for imminent retreat, again.”
Pfizer CEO—Biden’s ‘Good Friend’—Is Privately Working to Tank Drug Price Reforms Pfizer’s chief executive Albert Bourla is reportedly urging his employees to fight Democrats’ plan to let Medicare directly negotiate drug prices. Hours after President Joe Biden called Pfizer CEO Albert Bourla a “good friend,” Politico revealed that the pharmaceutical executive has been urging his employees to fight Democrats’ plan to let Medicare directly negotiate prescription drug prices—a popular proposal that Biden has endorsed.
As Democratic Gears Grind, Their Flawed Legislation Tiptoes Toward Doom Question: When is a Democratic majority not a Democratic majority? Answer: When it’s a Democratic majority. The roof started to cave in visibly on Monday, when House Speaker Nancy Pelosi warned her caucus to expect “adjustments” to the $3.5 trillion climate/social spending budget bill that lies at the center of President Biden’s policy agenda. This is Democrat for “Prepare for imminent retreat, again.”
Glen Greenwald: New Proof Emerges of the Biden Family Emails: a Definitive Account of the CIA/Media/BigTech Fraud An axis of the CIA, Big Tech and the DNC-allied wing of the corporate media spread an absolute lie in the weeks before the 2020 election. We now have definitive proof A severe escalation of the war on a free internet and free discourse has taken place over the last twelve months. Numerous examples of brute and dangerous censorship have emerged: the destruction by Big Tech monopolies of Parler at the behest of Democratic politicians at the time that it was the most-downloaded app in the country; the banning of the sitting president from social media; and the increasingly explicit threats from elected officials in the majority party of legal and regulatory reprisals in the event that tech platforms do not censor more in accordance with their demands. But the most severe episode of all was the joint campaign — in the weeks before the 2020 election — by the CIA, Big Tech, the liberal wing of the corporate media and the Democratic Party to censor and suppress a series of major reports about then-presidential frontrunner Joe Biden. On October 14 and then October 15, 2020, The New York Post, the nation’s oldest newspaper, published two news reports on Joe Biden’s activities in Ukraine and China that raised serious questions about his integrity and ethics: specifically whether he and his family were trading on his name and influence to generate profit for themselves. The Post said that the documents were obtained from a laptop left by Joe Biden’s son Hunter at a repair shop.
Number of Immigrants Detained by ICE Has Increased 70 Percent Under Biden When President Biden first took office, the number of immigrants in federal custody was at a 20-year low. This was an opportunity to roll back the system, but Biden chose to maintain the status quo of previous administrations. Within a couple of months, jail beds started filling up again. In response, a coalition of groups is organizing a “Communities Not Cages” day of action on Thursday, September 23, in over 20 cities across the country to shut down all immigration jails, demand an end to deportations, and release all people currently in immigration custody.Twenty years ago, with almost no debate, the U.S. became a fortress state focused on limiting the rights of immigrants in the name of national security.Environment: 
For a Fossil Fuel Non-Proliferation Treaty Stop exploration, phase-out all production, ensure a just transition for every worker, community and country Endorsed by 14 cities & sub-national governments, over 132,000 individuals including 2,185 scientists and academics from 81 countries, and over 700 organizations. For the full list, see fossilfueltreaty.org. We, the undersigned, call on governments around the world to adopt and implement a Fossil Fuel Non-Proliferation Treaty, as a matter of urgency, to protect the lives and livelihoods of present and future generations through a global, equitable phase out of fossil fuels in line with the scientific consensus to not exceed 1.5ºC of warming.
Civil Rights/ Black Liberation:
Margaret Kimberley, BAR Executive Editor and Senior Columnist
Covid Funds Spent on Police and Prisons
Systemic racism and weak movement politics allow states and cities to spend relief funds on police and jails.
Danny Haiphong, BAR Contributing Editor
Racism Denies Common Prosperity in the United States
China’s commitment to enhancing social cohesion is an example of what a society should strive to do. But racism endemic to the U.S. prevents it from taking the same steps.
Ann Garrison, BAR Contributing Editor
Biden Threatens Sweeping Sanctions on Ethiopia, Prime Minister Abiy Ahmed Responds The U.S. is once again attempting to overthrow a legitimate head of state in Africa, this time in Ethiopia, where they want to put their old puppet, the TPLF, or a new one, in power.
Jemima Pierre, Black Agenda Report Contributor
Borders, Blackness, and Empire. The spectacle of violence against Haitians at the U.S.-Mexico order needs to be seen in light of ongoing U.S. imperialism in Haiti.
Roberto Sirvent, BAR Book Forum Editor
BAR Book Forum: Eric A. Stanley’s “Atmospheres of Violence”
In this series, we ask acclaimed authors to answer five questions about their book.
Raymond Nat Turner, BAR poet-in-residence
Schmo Munchkin v. Ida Schmo Munchkin v. Ida Ida: Hello, Schmo… Munchkin: I’m the most powerful politician in the most
Netfa Freeman
Biden’s DOJ Sleight of Hand on Police Reform
DOJ “reforms” are a smoke screen covering up systemic complicity with law enforcement.
Marjorie Cohn
Samuel Moyn’s Unprincipled Attack on Human Rights Giant Michael Ratner is Shameful
Michael Ratner and the Center for Constitutional Rights (CCR) were intimately connected to the Black Liberation Movement representing a number of activists in the crosshairs of state repression
Nick Estes
Indigenous People of Brazil Fight for Their Future Brazil’s indigenous people struggle against an entrenched oligarchy determined to drive them from their lands and a right wing president who is supported by the U.S.
Rosa Miriam Elizalde
The Money That Never Arrives in Cuba
The United States has cut off channels for sending remittances to the island, leaving families who rely on the help – especially during the pandemic – without desperately needed resources.
Julie Yixia Cai, Dean Baker
Black and Asian American Workers Falling Behind in Getting Back Jobs
Economic recovery is uneven, with Black workers least likely to be employed in the wake of the covid pandemic.
Peoples Dispatch
Latin American and Caribbean Leaders Approve Historic Agreement at CELAC Summit
The heads of state of the regional block agreed on a 44-point declaration which addressed the strategy against COVID-19 and climate change and took a stand against the blockade on Cuba.
Labor:
Economy:
Martin Wolf: Inequality Is Behind Central Bank Dilemma A paper by Atif Mian, Ludwig Straub and Amir Sufi at the Jackson Hole monetary conference on 27 August illuminates this issue. It reaches a conclusion, already suggested in their earlier work: the principal explanation for the decline in real interest rates has been high and rising inequality and not demographic factors, such as the savings behaviour of the “baby-boom” generation over their lifetimes, as some have argued. The analysis starts with estimates of the real “natural rate” of interest, a concept that goes back to the Swedish economist Knut Wicksell. The natural rate, he explained, balances demand and supply in the economy, which shows itself in stable prices. The modern doctrine of inflation targeting has descended from this idea. Crucially, however, estimates of this rate for the US show a fall from about 4 per cent four decades ago to around zero now. This decline is matched in other high-income countries, as one would expect: in an open world economy, equilibrium real interest rates should converge. As the paper also notes, the decline “raises concerns about secular stagnation, threatens asset price bubbles, and complicates monetary policy”. Indeed, it is a big part of the reason why central banks have had to make huge asset purchases in crisis situations, such as now.
- If [Currently Non-Existent] Progress Towards Maximum Employment and Price Stability Goals Continues, the FOMC “judges that a moderation in the pace of asset purchases may soon be warranted” [See SYSTEMIC RISK Section]
- ECONOMY – Third-Quarter 2021 Construction and Real Retail Sales Activity Continued on Solid Tracks for Quarterly Contractions, Multiple and Otherwise
- August 2021 Nominal Retail Sales Monthly Gain of 0.7% Was in Context of a 0.6% (-0.6%) Downside Revision to July Activity; Real Retail Sales Held on Track for a Quarterly Contraction
- First Time in Five Years, the 2020 Poverty Rate Jumped and Real Median Household Income Plunged, with Surveying Disrupted and Distorted by the Pandemic-Driven Collapse
- August 2021 Industrial Production Minimally Recovered Pre-Pandemic February 2020 Activity by 0.3%, but It Already Was Collapsing into the Pandemic in February 2020; Still Down Today by 2.5% (-2.5%) from its August 2018 Peak
- How Can the Economy Be Minimally Recovered With Headline Annual Payroll Growth Weaker Than at the Troughs of the Last Seven Recessions, the 2007 Great Recession Excepted?
- After Two Months of Decline, the August 2021 Cass Freight Index® Showed Some Seasonally Adjusted Rebound, With Trucks Taking Up Some Slack from Railroads, but Still at a Four-Month Low; Never Having Recovered its 2018 Peak Activity
- INFLATION – August 2021 Consumer Price Index Annual Inflation Notched Lower to 5.25% from 5.37% [See the ALTERNATE DATA Tab], While the August Producer Price Index Hit an Historic High of 8.27%
- Suggestion of Tapering Here, With Early Indications of a Continuing Monetary Base Surge in September 2021; 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 [See the ALTERNATE DATA Tab]
- July FOMC Policies Were Unchanged [See the SYSTEMIC RISK and MONETARY DATA] • COMBINED IMPACT: Reflecting the Surge in Money, Inflation Has Exploded, While Business Activity Has Begun to Pull Back Anew, at an Intensifying Pace
When It Comes to Frauds, Wells Fargo Is on the Bunny Slope Watching JPMorgan Hop Moguls on the Black Diamond Trail There was a strange occurrence at Fed Chairman Jerome Powell’s press conference yesterday. Hannah Lang, a reporter for American Banker, asked Powell a question about Wells Fargo. Powell read his answer directly from a script in a binder he had on the podium. (You can watch the exchange in the video clip below. Be sure not to miss the exchange that follows Lang’s question when Mike Derby of the Wall Street Journal grills Powell on the outrageous trading that Dallas Fed President Robert Kaplan was doing last year to enrich himself (while his country was in a declared National Emergency and pandemic crisis).
World:
UN Chief Tells World Leaders To Their Faces That Vaccine Apartheid Is ‘An Obscenity’Persistent inequality represents “a moral indictment of the state of our world,” U.N. Secretary-General António Guterres said. While U.S. President Joe Biden’s address to the United Nations General Assembly drew criticism from advocates for its “extraordinarily insufficient” sense of urgency regarding international climate aid for the Global South, U.N. Secretary-General António Guterres did not mince words in his speech to world leaders Monday, warning that the world stands “on the edge of an abyss” largely caused by the policy choices of the wealthiest countries. While U.S. President Joe Biden’s address to the United Nations General Assembly drew criticism from advocates for its “extraordinarily insufficient” sense of urgency regarding international climate aid for the Global South, U.N. Secretary-General António Guterres did not mince words in his speech to world leaders Monday, warning that the world stands “on the edge of an abyss” largely caused by the policy choices of the wealthiest countries.
Peru’s Leftist President Calls for Global Agreement to End Vaccine Apartheid Peruvian President Pedro Castillo is pushing for an international accord to “guarantee universal access to vaccines for all people on the planet, with no discrimination on the basis of privilege.”
Health, 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 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!
Unfunded Public Services Infutrasture and Covid Pandemic: Report: Colorado’s People and Workforce Deserve Better The Covid-19 pandemic has highlighted how public services play an essential role in the economy, our communities, and the well-being of our families. Public services like education, mental health care, and infrastructure give many Coloradans the support and economic stability needed to live healthy, productive lives. But for decades, even as Colorado has experienced economic vitality, the state has disinvested in public services and the people who provide them. This has prevented the building of a modern, more responsive public sector. As a result, Colorado was particularly unprepared to respond to the challenges posed by the Covid crisis. This report—produced with the Colorado Fiscal Institute—examines these trends in public disinvestment, discusses the impacts, and provides recommendations for ensuring robust public services that meet the needs of Coloradans.
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!
United States:
Shadow Government Statistics Daily Update (September 22nd to 24th) September 2021 FOMC Held Existing Policies in Place