imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Causes of Great Problems Faded Out in Elections

by Ernst Wolff Tuesday, Sep. 27, 2016 at 5:57 AM
marc1seed@yahoo.com

Elections today have one thing in common: they don't change anything. Pseudo-battles dominate in which the actors are intensely focused on evading the burning questions and diverting the electorate from the real causes of problems..

CAUSES OF GREAT PROBLEMS FADED OUT IN ELECTIONS



By Ernst Wolff



[This article published on 9/14/2016 is translated from the German on the Internet, www.heise.de. Ernst Wolff is a free journalist and author of "IMF World Power – Chronicle of a Predatory Attack."]



Elections today – whether the office of the president of the US or the prime minister in the Lower Saxony province in Germany – have one thing in common: they don't change anything.



Pseudo-battles dominate in which the actors are focused intensely on evading the really burning questions and diverting the electorate from the true causes of problems.



The methods with which election candidates work are not new. Prejudices are used, scapegoats built and fears fomented. This is a sure method for alarming voters and obscuring their view of the most urgent present problems.



THE GREATEST PROBLEM OF OUR TIME



The main problem of our time that should be at the center of every election campaign is the rapid increase of social inequality. According to the data of the relief organization Oxfam, 85 persons in 2014 had as much wealth as the poorer half of humanity. In 2015, they were only 62 persons.



While the numbers are appalling, this is only the tip of the iceberg. In the US, 60 million people have to live on food stamps and hundreds of thousands leave homes and apartments and live in tent-cities. Houselessness among the socially weak increases and life expectancy declines. At the same time, the top earners in the US continuously multiply their wealth.



In Germany, more than 25% of employees work in the low-wage sector. Their subcontracted work booms; wages are increasingly forced down through "work contracts." While child poverty grows, the income of those who can live from their wealth also rises disproportionally.



The situation looks even worse all over Europe. Unemployment, deficient training possibilities and harder social conditions rob the younger generation of a future perspective in neighboring France and not only in the South.



THE CAUSE IS HIDDEN



This development is not an accident but the product of a worldwide policy. But this fact is repressed by all the election candidates – whether in the US or in German provinces. A taboo is obviously involved here that no one is ready to touch, the fiscal policy of the central banks.



When the global financial system threatened to break apart in 2008, the governments leaped in the breach and bailed out wealthy investors with taxpayers' money. Politics voluntarily submitted to the slogan handed out by the financial industry: the banks are too big to fail.



Giant holes in the state budgets were the results of the bank bailout. The central banks stepped into the breach to close these holes. They financed bankrupt states by purchasing government bonds, pumped trillions in the economy and lowered the key interest rates worldwide more than 660 times. Parallel to this, they issued austerity programs. They cut state spending, raised taxes and lowered the living standards of the working population.



THE FINANCIAL SYSTEM IS NOT STABILIZED



Most people today still believe the official version that these measures help stabilize the financial system they do not understand. Hardly anyone penetrates its real character that it destabilizes the system and in reality serves no other goal than to shift the burdens of the 2008 crisis caused by unscrupulous speculators to the working population.



Here are several examples. By purchasing government bonds, the state financing did not benefit the stricken countries but helped foreign banks in the settlement of their debts. Mammoth foreign banks were the beneficiaries in the first place, not the working citizens of the supported states.



The enormous sums of money are created out of nothing. Since March 2015, the European Central Bank alone "pumped" more than a trillion euros into the economy. Officially this was necessary to stimulate the economy, it was said. But this stimulation did not happen in the last eight years. The European Central Bank really gave the money to investors via private banks who mostly used it to speculate on the financial markets.



Lowering interest-rates was a similar phenomenon. Here it was also said, the measure was necessary to create "incentives for investors." Actually, the money was made available to speculators at very favorable interest-rates and partly for free – an excuse to take even greater risks on the financial markets and make the system even more unstable.



The introduction of "bail-in-regulation" (the participation of shareholders, investors, and savers in bailing out the banks) is by no means the "relief of taxpayers" claimed by politics. The bank bailouts" in Italy carried out at the year's end proved that big investors left and small investors and the middle class paid for the deficits.



Thus all the measures carried out since 2008 only benefited the financial industry and the investors and speculators standing behind that industry, not the working population. However, there is not a single politician – either in the US or in German provinces – who enlightens voters in the election campaigns about this connection.



MANIPULATION KNOWS NO LIMITS ANYMORE



This is not everything. The cited measures have developed their own self-dynamic that cannot be stopped anymore and leads with inexorable constancy into unnavigable waters. This is in addition to aggravating social inequality.



Printing money created gigantic bubbles in the stock-, bond-, and mortgage markets that in every case burst and destroy tremendous assets. The low-interest policy makes investors addicted to cheap money like heroin addicts and certainly cannot be canceled any longer.



On the contrary, the period lying before us will be in minus signs because of further lowering of interest-rates. Since this will lead to the hoarding of cash, the abolition of the 500-euro bill planned for the fall of 2017 will speed up the general abolition of cash.



There is even more. Ever new measures are necessary to prevent the collapse of this system that has completely fallen out of joint. The support of businesses by purchases of firm bond issues by the European Central Bank is only one step that will be followed by others. The Swiss national bank is already a big shareholder with Apple and Google and there is no reason why the European Central Bank should not follow their example.



From whatever side, the financial system drives to increasingly unrestrained manipulation, ever greater social inequality and ultimately to a historical collapse that can lead to grievous social dislocations and civil wars. Warning of this development must be the most important theme by far in election campaigns.



Nevertheless, we do not hear a word about this from any politician. The reason for this is by no means ignorance since the facts are openly on the table for anyone who wants to be informed. The reason is that the real decisions in our society are made by financial management and its highest representatives, the Central Banks, and no longer by politics.



In this game, politicians are nothing but PR-agents and publicity managers of the financial industry. Their task is to veil the real problems and throw sand in the eyes of people through diversionary maneuvers to secondary venues so those who profit from the present system can continue profiting in the future. As the reward for their activity, the political caste receives material privileges like high emoluments, parliamentary pay, generous pensions, special benefits, direct access to lucrative jobs in industry and the financial- or foundation systems. Moreover, their representatives receive the possibility of living out their craving for attention in the public eye and throwing their weight around in the mainstream media that is also financed by the financial industry as the rulers of our time.



The spectacle that we witness anew every four years under the title "election campaign" confirms the words of Kurt Tucholsky from three-quarters of a century ago: "If elections changed anything, they would be outlawed."



Report this post as:

Local News

Change Links 2018 July posted J09 1:27PM

More Pix: "Families Belong Together," Pasadena J02 12:16PM

"Families Belong Together" March, Pasadena J02 12:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 4:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J10 11:58PM

Watch the Debate: Excluded Candidates for Governor of California M30 10:20PM

Change Links June 2018 posted M28 12:41AM

The Montrose Peace Vigil at 12 Years M22 1:01PM

Unity Archive Project M21 2:42AM

Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi M17 3:22PM

CA Senate Bill 1303 would require an independent coroner rather than being part of police M10 2:08PM

Three years after OC snitch scandal, no charges filed against sheriffs deputies M10 1:57PM

California police agencies violate Brown Act (open meetings) M02 1:31PM

Insane Company Wants To Send Nuke Plant Waste To New Mexico A29 4:47PM

Change Links May 2018 A27 1:40AM

Worker-Owned Car Wash on Vermont Closed A26 10:37PM

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A12 5:39PM

lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

More Local News...

Other/Breaking News

14 Disturbing Facts About Scott Gottlieb, Trump's FDA Head J20 10:47PM

Behind the scenes at fbi National Academy J20 2:47PM

Treasury Takes Aim at Shell Companies J20 11:18AM

Paraphysique de l'intelligence J20 9:08AM

Oklahoma GOP Senator Jim Inhofe's Bloody Record J20 4:01AM

Globalization: hope on the horizon despite Fake Liberals. J20 3:41AM

Sorry President Trump,Ted Cruz Texas Judicial System,is Worse Than Many Shithole Countries J19 4:49PM

The Shortwave Report 07/20/18 Listen Globally! J19 4:33PM

The System Question as a Survival Question J18 8:54PM

Nation's Largest Voting Machine Co., ESS, Admits Lying Re Having Installed Remote Control J18 11:55AM

Du pain et des jeux J18 9:53AM

Paraphysique de martyrologie J17 8:00AM

Children Incorporated Earns 4-Star Rating on Charity Navigator J16 11:24AM

Democratic Socialists of America J14 4:57PM

Leonard Peltier Non Violent Native American Political Prisoner since 1970's J14 4:18PM

Paraphysique miscellanées de l'aggiornamento J14 12:54AM

FBI Investigated LA County Sheriff Baca,Why Not Hank Skinner's Persecution? J13 3:52PM

Updated Partial List Of Famous Vegetarians, Vegans, & Fruitarians J13 2:59PM

The Shortwave Report 07136/18 Listen Globally! J12 4:36PM

Social Policy as Social Infrastructure J12 3:38AM

Vol I: 84 Varieties Of GOP Election Fraud J12 1:50AM

Texas Can Call it An Execution,But It is A State Sponsored Murder of Hank Skinner.. J11 6:48PM

June 2018 Honduras coup update J11 3:35PM

Maria Estrada doubles down on racist support J11 1:40PM

New York Women in Film & Television Announces 2018 NYWIFT Ha Phuong Scholarship Recipients J11 10:14AM

Trapps de la domination, trapps de l'aliénation J11 1:31AM

Please Work For The Defeat Of Brett Kavanaugh And Why J09 8:54PM

Transinhumanisme ( transe inhumanisme ) J09 12:44PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy