[Local_activists] The economy,etc.
wsb70 at comcast.net
Thu Nov 11 14:52:21 PST 2010
US declares financial war on world - economist Michael Hudson
Very illuminating video
The End of Free-Trade Globalization
We have reached the endpoint of globalization as
we have known it. It cannot continue as before,
because the United States is essentially tapped
out. Goliath has fallen and cannot get up. Who
will lend a hand? Not China, obviously, but also
not Japan and the Asian Tigers, or the European
nations. All are dealing with their own problems.
All but the smallest economies run perennial
trade surpluses with the United States. Giving up
some of those surpluses means surrendering some
portion of domestic growth in order to stabilize
the system. No one wants to go first. This is a
dangerous impasse, the kind that can easily slip
into a general unwindingthat is, depressionif
not resolved smartly. "The world is no longer in
a common foxhole...but in many different
foxholes," observes economist Paul McCulley of
PIMCO, the world's largest bond house. Japan and
South Korea devalue their currencies to protect
their exports (so has the United States). Brazil
puts limits on capital inflows to stop foreign
money from destabilizing its economy. Currency
war is a surrogate for trade war, one of the few
levers governments can still manipulate unilaterally.
One Piece Of Moderately Good Economic News And 14
Pieces Of Bad Economic News That Are So
Horrifying You Might Not Want To Read Them Standing Up
Germany Blasts Bernanke
Results of Fed Stimulus Could Be 'Horrendous'
Herman Daly - Thermodynamic Roots of Economics
Greedy Bankers Are Like Coke Fiends
Good grief - they really are - By using magnetic
resonance imaging studies, the Harvard researcher
Hans Breiter and his colleagues have found that
the craving for money activates the same regions
of the brain as the craving for cocaine, or sex,
or any other instant and intense pleasure.
I was a robo-signer
-- It only took him a second to sign each
foreclosure document...Of course, he didn't have
time to actually read the paperwork he was
signing, ... in some cases, he didn't even know
what documents he was putting his pen to. "I had
no idea what I was signing, Either you were in or you were out."
Suburban Poverty by the Numbers
19 Iconic Products That America Doesn't Make Anymore
Includes video on Budweiser being sold to overseas company
Obama Should Create Jobs by Executive Order
On May 6, 1935, with the country in the midst of
the Great Depression and with indirect efforts to
create jobs having not moved the needle of
unemployment rates, President Franklin D.
Roosevelt signed Executive Order 7034 and
appropriated $4.8 billion for the Works Progress
Administration (WPA). The WPA put millions of
Americans to work constructing buildings,
painting murals to decorate them and performing
plays for audiences that had never before seen a
dramatic production. In the process, many were
saved from poverty and starvation and the economy began to revive.
To what shrinking extent do the rich any longer need the rest of us?
How the Wealthy Organized to Rip Everyone Else
off -- And What You Can Do to Stop It
The policies that benefit a tiny fraction of
Americans resulted from a long-concerted effort
by the wealthy to thwart laws that might give the rest of Americans a chance.
Outrageous CEO Perks: This Year's Top Picks
Class War Spurs Violent Clashes in Europe -- Why
Are Americans Just Letting the Super Rich Win?
It is time for Americans to reclaim the concept
of class war, to actively combat the great
squeeze ruining the lives of untold millions of Americans.
Where the money is going
US to Step Up Military Presence Across Asia, into Indian Ocean
US Sets Eyes on Southern Defense Outposts
US to spend 500 million dollars on embassy in Afghanistan
US to build £8bn super base on Pacific island of Guam
The Real Reason For Obama's Trip To India: The
Sixth Biggest Arms Deal In U.S. History
Historic British/French Military Deal Highlights
Further Global Power Consolidation That We're Told Isn't Happening
For years various individuals have warned about
the desires of the world elite to merge all
nations into a single global government that the
elite themselves would control. Though over the
past many decades people who talked about a "New
World Order" have been met with rolled eyes and
ridicule, the constant trend throughout recent
history has been one that has pushed nations
towards this aim. From the IMF announcing steps
towards a global currency, to this latest
military agreement...to the scientific tyranny of
body scanners and RFID tracking being promoted by
governments and industry, even the staunchest
skeptic can't deny that humanity is being herded
into a direction in which power is being rapidly
consolidated into the hands of fewer and fewer
people. This is not based on the will of the
masses but on the will of those who would benefit
from such a consolidation, with the global elite
pushing self-empowering solutions to the
calamities they created in the first place.
Rebooting the American Dream - 11 Ways to Rebuild
Our Country: Back to the Future
Truthout is proud to bring you an exclusive
series from America's No. 1 progressive radio
host, Thom Hartmann. Starting today, we'll be
publishing weekly installments of Hartmann's
acclaimed new book, "Rebooting the American
Dream: 11 Ways to Rebuild Our Country." We invite
Truthout readers to join us over the next 12
weeks as, chapter by chapter, we explore these
groundbreaking ideas for national transformation.
We begin today with the book's introduction.
Our Banana Republic
By NICHOLAS D. KRISTOF
You no longer need to travel to distant and
dangerous countries to observe such rapacious
inequality. We now have it right here at home
and in the aftermath of Tuesdays election, it
may get worse. The richest 1 percent of
Americans now take home almost 24 percent of
income, up from almost 9 percent in 1976. As
Timothy Noah of Slate noted in an excellent
series on inequality, the United States now
arguably has a more unequal distribution of
wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.
As the Country Falls Apart, It's Time for Our Revolution
A call to arms from Ted Rall's new book, "Anti-American Manifesto."
Though small in numbers, anarchists and
"deepgreen" anti-civilization environmentalists
are highly influential in what passes for the
American Left, publishing well-regarded books,
magazines, and blogs that inspire many people.
Deep-green types fantasize about a collapse
scenario that will save the world without anyone
having to lift a finger. They imagine an
involuntarily deindustrializing economy that
allows the earth to heal while people gather to
form small clans and low-impact villages based on
ideals of equality. Here is a quote from Jan
Lundberg, a deep-green proponent of "peak oil"
theory: "New social norms and tribal law will
help break from the past and possibly outlaw
incipient reversion to the failed system of
exploitation of people and nature. In any case,
the 'new' model of sharing and cooperation will
outdo in productivity any vestiges of the old
models of selfishness and trying to insulate
oneself or one's family from the surrounding changed world."
That would be nice, but I don't see how the
deep-green idyll could logically follow the
disintegration of the United States government.
Theoretically, people might form intentional
communities (the current term for communes)
and/or polyamorous clans of one hundred to one
hundred fifty in Ecotopia (the term for a
theoretical independent Pacific Northwest),
living off the land, all local and
sustainable-like. But these utopian societies
won't be able to count on being left alone to
live peacefully. The millions of partisans who
follow Fox News, Rush Limbaugh, and right-wing
televangelists happen to be the best-armed people
around, and they despise just about everyone who
doesn't think and pray like them. They will see
collapse as affirmation of their beliefs that
secular liberalism is destructive. They will also
see it as an opportunity to create a new, ordered
world atop the ashes. They will act to stop
teenage sluts from getting abortions, teach
niggers a lesson, and slaughter those spics,
dots, and everyone else who doesn't fit into
their vision of what and who is right. Anarchists
may opt out of revolution, but counterrevolution will come to them.
Interview with Ted Rall
Rachel Maddow on the lunatic facts on the Internet
What happens if we lose the Internet?
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