"One must expect a tsunami of global inflation, further impoverishment and mass migration (of cheap labor) - and all of this will be blamed on Putin. One must expect the return of pandemic threats that support ongoing efforts to globalize vaccine passports and the digitization of life."
Cacophony of Corporatism, Subsidies & Inheritance Tax (tags)
History is written by the winners. The Orwellian "memory hole" has long been a reality and could soon lead to subsequent generations no longer being able to develop any awareness at all of what it means to lead a free and dignified life.
War in Ukraine. Nato taboos fall (tags)
This military-scientific glorification of a war that has long been hopeless for both sides, which is also supported by some media, leads to the postulation of the prospect of victory against one's better judgment. What is meant, however, is more likely a victorious peace.
In the Trap of NATO and The Collapse of US Hegemony (tags)
Even before the outbreak of the global Covid pandemic, it was widely recognized that U.S. hegemony was in irreversible decline. In August 2021, the Taliban captured Kabul as U.S. forces withdrew. Only about six months later, war broke out between Russia and Ukraine.
Capitalism as the religion of indebtedness and debt (tags)
In capitalism, the fundamental social relation is neither exchange nor production. Rather, it is debt that dominates and supersedes every other way of recognizing and valorizing the measure between people. Those who have money are creditworthy, manifesting the sign of God's grace.
The seizure of power that we are currently experiencing must necessarily be a form of foreign domination. The population is not consulted on large-scale planning agendas, such as the Great Reset. We encounter this foreign domination, on the one hand, in the form of bundled interests of large power players
America's Post-Trump Reckoning (tags)
His startling disregard for expertise and science has resulted in the erosion and degradation of independent national institutions such as the US Postal Service, the Centers for Disease Control and Prevention, the Environmental Protection Agency, the Food and Drug Administration, the FBI, & US intelligence community.
The long struggle for a post-capitalist society (tags)
The (Corona) crisis has relentlessly exposed the inability of neoliberal capitalism and its political personnel to meet the elementary needs of the people. Even if it is not felt to the same extent in Germany due to the depressing political conditions: the neoliberal offensive is in a deep existential crisis.
The Forgotten History of the Financial Crisis (tags)
In the United States between late 2008 and early 2009, 800,000 people were losing their jobs every month. By 2015, over nine million American families would lose their homes to foreclosure—the largest forced population movement in the United States since the Dust Bowl.
Housing Financialization, 66 pp (tags)
The Financial Market Casino Controls Politics (tags)
Financial markets seem to be the measure of all things. Corporations are subsidized with trillions. In their "competition," small and medium-size businesses are the fools. A complex subsidy jungle exists in nearly all states, a "socialism for the rich" or "new feudalism."
The Populist Makers and Dangerous Optimism (tags)
The people vote and capital decides. Another capitalism appears that is marked by an anti-liberal and intolerant culture. The goal of the new capitalists is the same as the old capitalists: to make the rich even richer. The governing elites gamble away the future of coming generations.
Crisis Regulation in Global Capitalism (tags)
The globalization euphoria waned with the 1997 Asian crisis. Hundreds of billions were needed to bailout bankrupt banks. The US with its high solvent demand stabilized the world economy for a long time. The US could become indebted in its own currency.
The (Temporary) End of Globalization (tags)
Protectionist measures could lead to losses of prosperity and increase the pressure to introduce more measures. Before the 2008 crisis, world trade grew over 6% per year (now 2%). Why must US consumers pay more for imports from the EU? Why are European consumers punished?
The US, the Dollar, IS and Saudi Arabia (tags)
The US treats IS and the Saudi royal house differently. For decades, Saudi Arabia has been the US' closest ally in the Middle East and therefore enjoys Washington's unrestricted solidarity despite all its crimes.
Is Economic Speculation a Form of Structural Violence? (tags)
According to neoclassical economic theory, the financial markets return to equilibrium. Problems only occur because of state intervention. The roaring twenties led to an enormous stock euphoria. In 2018, companies inflate their stocks in a $70 billion stock buy back program.
Paraphysique de l'aplanissement diversifié (tags)
Uniformisation de la diversité, diversité de l'uniformisation...
Economic Stagnation and its Mastery (tags)
Corporate profits explode while investments stagnate.Social housing declines with privatization. According to neoliberal theory, higher profits lead to grater investments and more jobs. In truth, higher profits lead to more use of tax havens and companies buying back their stock.
The Works Progress Administration created 651K miles of highway, 124K bridges, 8K parks and 125K public buildings including 41K schools. In the US of Amnesia, corporate subsidies are called public necessities and public welfare unnecessary Orwell warned us of this inversion of language.
For 40 years, the Bremen study group has published memorandums. The council of experts promoted the profits of businesses, not aggregate economic demand. Mass unemployment surpassed the 5 million mark because of neoliberal structural reforms.
State Indebtedness: The Beloved Enemy (tags)
"The slow one now will later be fast as the present now will later be fast." The state unlike the Swabian housewife can become indebted to invest in a more social and more human future. All personal and corporate profit depends on state investment in roads, schools, food safety etc.
IMF: Greek Debt Untenable (tags)
Greece
The new indebtedness is a consequence of the crisis caused by the financial industry-and in no way owed to an excessive social state, demographic change and so forth.. There are many critics of this policy of mastering crisis by flooding the financial markets with fresh money.
TTIP Attacks on Wages, the Social and the Environment (tags)
The belief that growth and prosperity for all people are promoted by free trade is as old as capitalism. This is often wonderfully represented in the model worlds of economists. But reality looks different. Specific particular interests are sold as the general interest.
The "ABCs of Alternatives" published in May 2013 includes chapters on democratization, globalization criticism, global social rights, good work, Keynesianism, knowledge commons, liberation pedagogy, no person is illegal, peace, rebellion, redistribution and the WSF,
Cancellation of Illegitmate Debts Instead of Bailout Umbrellas for Financiers (tags)
The inflation of public indebtedness was an essential element for the enhanced power of financial capital. That inflation was a result of a conscious under-financing of the state and is a lever to enforce an austerity policy. Financialization intensified the pressure to precariousness.
Financing the Government: Romney Must Get the Message (tags)
The role of the state and the necessity of common action is a main theme in the political debate. Regulation ensures the same rules for everyone in competition. Conservative politicians in the US underrate the importance of publically provided education, technology and infrastructure.
In the Towrope of the Financial Markets (tags)
"High growth has a well-known hook. Surpluses are only possible when natural resources from clear water to rare earth are available, when the energy supply is guaranteed and when the pollutant sinks are sufficient.. The debtors are now those states that had to become indebted.."
Ongoing Global Economic Crisis (tags)
class war
The Crisis of Financial Market Capitalism as a Challenge for the Left (tags)
The crisis of neoliberal financial market capitalism broke out in its center and has one central systemic cause. This crisis was triggered by the independence of the financial sphere... A solidarity mixed economy, democracy and peace are alternatives.
Global Economic Crisis Deepening (tags)
Depression
Bretton Woods 2.0: Soros New World Order Conference (tags)
new world order
The financial crisis became an economic crisis and mutated into a state budget crisis when trillions were given to "system relevant" banks and private losses became public burdens. What is Plan B?How can the financial sector be shriveled? Can state banks (like NDakota) be a model?
The IMF Dictates More Than Ever (tags)
"Many developing countries that were independent in food production at the start of the 1980s import food necessary for their populations today. The subsidized agriculture of western countries has flooded the cou9ntries of the South. Haiti imports the rice that it once cultivated.."
IMF Considers Replacing the Dollar as Key Currency (tags)
More stability and efficiency will be created and money and the credit system de-politicized. In stress situations, a world central bank could serve as creditor "of last resort" to provide the necessary liquidity in the whole system in case of grave shocks.
"Manufacturing Dissent": the Anti-globalization Movement is Funded by the Corporate Elites (tags)
"How is the process of manufacturing dissent achieved? Essentially by "funding dissent", namely by channelling financial resources from those who are the object of the protest movement to those who are involved in organizing the protest movement. Co-optation is not limited to buying the favors of politicians. The economic elites --which control major foundations-- also oversee the funding of numerous NGOs and civil society organizations, which historically have been involved in the protest movement against the established economic and social order. The programs of many NGOs and people's movements rely heavily on both public as well as private funding agencies including the Ford, Rockefeller, McCarthy foundations, among others. The anti-globalization movement is opposed to Wall Street and the Texas oil giants controlled by Rockefeller, et al. Yet the foundations and charities of Rockefeller et al will generously fund progressive anti-capitalist networks as well as environmentalists (opposed to Big Oil) with a view to ultimately overseeing and shaping their various activities."
The Banking and Financial Crisis (tags)
"The transition from a long-term to a short-term orientation went along with the exaggerated profit goals. The approach of shareholder value sets maximum profits and dividends in the center of business policy and no longer long-term investments and the interests of employees.."
Lessons from the Crisis (tags)
Governments are extorted by multinational corporations. Those who made massive profits with bank business must now answer for the losses. The taxpayer may not pay for their crises. If control is not exercised by politics, banks will become absolute rulers with a state guarantee.
A New Paradigm: The New Deal of the 1930s (tags)
The New Deal that led out of the worldwide economic crisis in the 1930s was based on the combination of a new technical-economic model with a new socio-economic model. Obama's achievement is not turning the necessity of overcoming the crisis against the social principle
Economic Policy after the Financial Crisis: Keynes (tags)
Keynes saw political control of markets and a distribution and social policy in favor of lower income groups as essential prerequisites of a stable long-term macro-economic development.. Three-hour workdays or a 15-hour week would be enough.
Cracks Emerging in NAFTA (tags)
The once-solid North American Free Trade Act (NAFTA) is starting to show its age. The 1994 trade agreement that laid the foundation for the economic/political integration of North America is encountering serious internal ruptures, threatening future “progress.” The problems are numerous: fights over trade, immigration, and military cooperation are all issues that Obama recently discussed in Mexico with his NAFTA partners, Mexico and Canada. The annual meeting that usually delivers plans for additional integration was instead used to remedy these heated issues, none of which were fully solved.
"The logic of the stock corporation leads to all profits ultimately being used to raise the stock price which promotes speculation." The only way to solve mass unemployment, destruction of the environment and trade imbalance is to break out of the system and pursue qualitative growth."
Risk Development and Dollar Inflation (tags)
Two articles by emeritus professor Elmar Altvater reveal the contradictions of credit or bubble prosperity in the counter-revolution of capital. As work cannot define us, competitiveness and profit maximization do not define the human experience Speculation could bring a new feudalism..
"We are moving into a world-historical situation where all the points of social, economic and political life will be reset..A revolutionary process is only possible when a radical reform gets going.. A radical redistribution from top to bottom must be fought for.."
Michael Hudson's "Super Imperialism:" The Economic Agenda of Imperial America (tags)
How imperial America is funded
Post-neoliberalism or post-capitalism? (tags)
"Market-liberalisation was accompanied by a far-reaching de-regulation of politics. Milton Friedman called it a “neo-liberal counterrevolution” against Keynesianism..."
Austria: Crash Instead of Cash (tags)
In 1978 the Bretton Woods system broke down since the US abandoned the key function of the US dollar to print money to finance the Vietnam War.. The liberalization of the financial markets started a mechanism in which the worldwide population loses.
Reviewing Ellen Brown's "Web of Debt": Part VI (tags)
Part VI of Federal Reserve Plunder
Reviewing Ellen Brown's "Web of Debt:" - Part III (tags)
Federal Reserve plunder Part III
Global Crisis: How Much Time do We Have? (tags)
"Rather, what began Monday, September 15, 2008 was the beginning of a terminal and irreversible collapse of the global financial system, which is part of a controlled Model through which other objetives will be achieved."
Putting Finance Capitalism "Back in Its Box" (tags)
Their scheme is permanent debt bondage
The Misery of the WTO: For a Reinvention of World Trade (tags)
The crisis of the WTO has two causes: a lack of trust and an ideological prejudice. A lack of trust exists because the countries of the North judge trade with two standards: free trade for the South and protectionism for their own economies.
23 Theses on the Capitalist Crisis (tags)
Since the middle of the 1990s, the real economy only grew on account of the expansion of credit. After the dot.com crisis, the floodgates were opened. In the next four years, the Fed brought more dollars in circulation than in the whole 200-year US history.
Attac Sweden: The time has come: Let's shut down the financial casino (tags)
Attac's statement on the financial crisis and democratic alternatives. A historic window of opportunity is opening. It will depend on pressure from public opinion whether a real change of course is achieved.
A New Administration, Tired Old Policies (tags)
Counterproductive policies heading America for depression
The Blood of the Black Sheep (tags)
Crisis and Catharsis. Capitalism begins its great self-purging to remain what it is. The Wall Street boys and girls have not forgotten how to make money amid crisis. The speculation bubbles burst. The fictional wealth dissolves in thin air thanks to falling home prices and stock prices.
The International Crisis Report, from Curitiba, PR, BR (tags)
Adjusting to avoid the concentration of the financial system, maintaining that system under the domain of public power and invest in infrastructure and in social policies are functions that the state should recover from the current global crisis. That is what said the teacher called Alex Izurieta, senior secretary of
Only Lip Service: Interview with Heiner Flassbeck (tags)
Heiner Flassbeck describes the financial summit in Washington as failed. The UN expert says the central problems of speculation with exchange rates and raw materials were not addressed. The industrial countries divert from the real themes.
International WShappens December the 6th to the 11th (tags)
We want a debate not from the perspective of the market because the market heralds resolved now that they will make the solution for what themselves caused, with their bad conduction of economic policy
Philippine social movements storm US Embassy (tags)
Philippine social movements hit G-20 summit’s exclusivity, call for a new and democratic world order
The deepening economic crisis.
The President of the United States, George Bush, enters today his last 100 days in power overshadowed by very high unpopularity rates and one of the worst economic crises in recent decades.
The October Surprise - Global Panic (tags)
It's not over.
PANIC DECLARED Empty store shelves, gas pumps, ATMs ahead. (tags)
Who am I to declare a panic? Don't worry about that yet; just stock up on a little cash and canned goods. When everything the feds do JUST MAKES THINGS WORSE -- we are in a panic. Not just grandpa's Depression, but a good old-fashioned running-scared panic when the shelves go bare ...
The government-business looting of America.
Dollar is over, says Carlos Lessa (tags)
To Lessa, "dollar is over" and it’s necessary that a new "Bretton Woods" establishes new parameters to global economy.
Russians and Chinese Laugh (tags)
Bailing out speculators is like protecting the sharks from the sardines.or paying the robbers. Executives should absorb their losses by taking a 96% pay cut. Speculation should be discouraged, not rewarded. The Capitol switchboard is easy and free 800-270-0309
Lo que Hugo Chávez y su canciller deberían saber (tags)
Resulta poco creíble que ignoren que la candidatura del clérigo-presidente Fernando Lugo fue fuertemente apoyada por James Cason, ahijado político de Otto Reich, y desestabilizador estrella de la Administración de W. Bush
Sin Tierras y los compromisos del Obispo (tags)
Mientras estos dramáticos sucesos acaecían en el Paraguay real y profundo, el héroe de la izquierda latinoamericana y Obispo de los pobres se divertía dando paseos en motocicleta, aunque no precisamente al estilo de los célebres viajes por Latinoamérica del CHE.
F. William Engdahl's "A Century of War" - Part II (tags)
Part II of this epic book.
The Republican Candidate (tags)
In that already famous Super Tuesday, a day of the week when a number of States of the Union were selecting the candidate of their choice for the presidency of the United States from among a group of contenders, one of the likely candidates to replace George W. Bush was John McCain...
F. William Engdahl's "A Century of War" (tags)
An epic work on the importance of oil.
Dislocations and Crises (tags)
Liberalization of the finance markets started a mechanism where the broad mass of the world's population lost. Only a few conglomerates and wealthy persons are winners.
Reviewing F. William Engdahl's Seeds of Destruction - Part II (tags)
Agribusiness giants aim to control food worldwide and make it all genetically engineered.
Morgan Stanley Issues Full US Recession Alert (tags)
Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investments and a perfect storm for consumers as the housing slump spreads. Under the conservative definition, man is the servant of money. Long live alternative economics!
Reviewing James Petras and Henry Veltmeyer's "Multinationals on Trial" (tags)
How corporate giants plunder developing nations.
Global Capital Flows to the Rich (tags)
The global imbalance seems more dangerous for all other countries than for the US. A fundamental reform of the international monetary system is overdue. The US dollar is no longer the stable anchor of the world monetary system.
The Bank of the South: An Alternative to IMF and World Bank Dominance (tags)
Latin America's alternative to the IMF and World Bank
The War on Working Americans - Part II (tags)
Part II of how American workers are losing out.
They will never have CUBA (tags)
“Whoever attempts to conquer Cuba will only gather the dust of her soil soaked in blood, if he does not perish in the fight”, exclaimed Maceo...
Venezuela's Withdrawal from the IMF and the World Bank (tags)
With their emancipation from the Bretton Woods institutions, the states of Latin America now try to lessen their dependence. A Bank of the South could assume the role of structural creditor in the future.
Imperial Multilateralism in Crisis (tags)
For half a millenium, the West-first Spain and Portugal, then England and lastly the US-ruled the world. This position is now seriously put in question by the newcomers.. In reality the IMF and the World Bank are dominated by the US.
The New World Currency Crisis (tags)
The US lost its absolute superiority as an industrial- and export-state..The US balance of payments deficit has nearly doubled since the 1980s..A hard landing of the dollar becomes more likely the longer the Asian exchange rate correction is delayed.
Democracy and its Enemy, Capitalist Globalization (tags)
The core problem of globalization is the dismantling of democracy. The elected are without power and those with power are not elected. The bonds between the generations burst. An absolute amoral individualism dominates in the most progressive states of capitalism.
Reflexiones de Fidel Castro, HOY en la Mesa Redonda... (tags)
En la región de América Latina la diferencia entre los sectores de la población más favorecida y los de menos ingresos es hoy la mayor del mundo.
THE SHAME OF THE NATION: A COLLECTIVE PERVERSION (tags)
THE COLLECTIVE PERVERSION OF THOSE IN HIGH PLACES IN THE US
The Financial Crisis of the IMF (tags)
The IMF is an extremely undemocratic system. Instead of one country-one vote, the good capitalist principle one dollar-one vote was in effect from the beginning. Whoever paid most had the most votes and the greatest influence.
The Planetary War of the United States of America (Dec2001) (tags)
Sooner or later the competing bourgeoisies will attempt to free themselves, to unite, to escape from America’s more and more choking dominance.
Global Social Rights Worldwide! (tags)
Deregulation of finance markets leads to a concentration of power in the hands of a few banks and investment funds..Social rights gained by struggle are already sacrificed on the altar of the market.
Re-Regulation of the Economy (tags)
"Finance markets become judges over the economy punishing mistakes with (threaten-ed) capital flight." Resisting re-regulation represses blind spots and confuses the goat and the gardener, the market and the fire dept and the problem and the solution.
STOP CORPORATE GLOBALIZATION: ANOTHER WORLD IS POSSIBLE! (tags)
A Statement of Unity from the OUR WORLD IS NOT FOR SALE Network:(www.ourworldisnotforsale.org)
Join us in Washington, DC! Protest Military and Economic Violence! (tags)
Global Justice Feeder March! Saturday, September 24, 2005. 11:00 am Dupont Circle, Washington D.C.
Venezuela's Chavez Says UN Needs a Revolution (tags)
Bolivarian Revolution
The Economy of the Plundered South (tags)
The panacea of export orientation that the IMF and the World Bank promoted in the last 25 years for the South has led to absoute disaster..There is an alternative, abandoning export orientation and strengthening domestic demand.
Inflationary Deflation or the Dominance of the Global Financial Markets (tags)
"When real interests are above real growth rates of the GDP, debtors are structurally overstrained. The debt crisis of the 1980s and the financial crises of the past decade suggest that a kind of post-modern `plundering capitalism' is arising.."
"Wars are Good for the Economy": The Global Free Trade System (tags)
"The international free market was created artificially in the 18th and 19th centuries with the force of the English colonial state and did not develop naturally from the free exchange of goods as neoliberals constantly claim.."
Preventive War, Common Security and the State (tags)
Does the return of preventive war as a "norm" of international relations take the world back to before July 1914, and if so, what are the likely consequences? What does this tell us about the state system and the prospects for human survival?
U.S. Government of the rich, by the rich, and for the rich (tags)
How has the secretive U.S.-based IMF/World Bank economically enslaved poor countries?
basic stats for US imperialism (tags)
a reference guide for activists.
World Bank and International Monetary Fund strangle economies of Third World (tags)
The World Bank’s origins go back to the Bretton Woods conference of July 1944, when leaders from 43 nations assembled to start building the global economy in the aftermath of World War II. U.S. Treasury Secretary Henry Morgenthau, hoping to avoid another worldwide depression, called for creation of institutions that would create “a dynamic world community in which the peoples of every nation will be able to realize their potentialities in peace.”