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On Reality Asserts Itself, Ms. Foroohar says President Bill Clinton’s finance team further deregulated Wall St. including eliminating Glass-Steagall legislation allowing even riskier investments; the Financial Times columnist and author of “Makers and Takers” says this helped create the world’s largest financial institution—Citigroup— headed by Clinton’s former Treasury Secretary Robert Rubin – with host Paul Jay. This is an episode of Reality Asserts Itself, produced May 9, 2018.
The U.S. military still thinks that a nuclear war can be won by targeting Russian leadership in a bizarre Dr. Strangelove logic; it’s a recipe for unmitigated catastrophe, says Daniel Ellsberg on Reality Asserts Itself with Paul Jay. This is an episode of Reality Asserts Itself, produced November 4, 2018, with Paul Jay.
Shireen Al-Adeimi, Professor of Language and Literacy at Michigan State University, lays out the U.S., U.K., and Canada’s role in perpetuating the brutal Saudi-led blockade of Yemen. She exposes Biden’s continued military support of Saudi Arabia, despite the administration’s pledge to only send defensive support, and calls into question the misleading dichotomy of “offensive” vs. “defensive” military support. Is a peace deal more likely now that the Houthi and Saudi representatives have met in Sana’a?
Rebecca Burns, journalist at the investigative news outlet The Lever, discusses her reporting on extensive lobbying efforts to hold up legislation which would require companies to disclose all of their greenhouse gas emissions. In a recent report, she details how the same lobbyists who seek to derail progressive climate legislation in California are also getting paid by counties and cities along the California coast to deal with the impact of coastal erosion and fires.
This is an episode of Reality Asserts Itself, produced on October 17, 2013. On Reality Asserts Itself with Paul Jay, historian Peter Kuznick analyzes Obama’s claim of an enlightened US foreign policy.
This is an episode of Reality Asserts Itself, produced on June 12, 2014. Mr. Johnson says, “I used to tell my dad, if I’m fortunate enough to see St. Peter and get through the gate, I’m not going to get in because I helped knock off the British pound”.
I suggest Mr Ferguson reread Mike Moore’s Stupid White Men on Bill Clinton being the best or worst republican POTUS America never voted for, before trying to alibi the duplicitous , absolutely corrupt , and perhaps senile Joe Biden as Americas white knight.
Voting is of little importance and has been since our defeat in Vietnam , when CIA and the the various deep state entities controlled by unelected elites decided that guys like Carter , Nixon , and Kennedy were unreliable and began openly fixing the results. These days the SCOTUS, and Electoral College are the primary tools , supplemented by electronic ballot rigging , voter suppression , and gerrymandering of districts . Whether Trump or Biden sit on the now mainly ceremonial POTUS throne is truly immaterial to the global elites that now rule most of the planet.
The characterization of today’s (since 2009) QEs as “Keynesian” stimulus is incorrect. If JM Keynes were alive today, he would be vociferously denouncing the Fed and the Treasury as irresponsible. Keynes, in his 1936 treatise, “The General Theory of Employment, Interest, and Money”, urge federal borrowing when there is growth stagnation and high unemployment. Its object was the stimulation of aggregate demand by putting people back to work. Keynes saw this as the singular responsibility of the federal government, because private investment in times of GDP stagnation is discouraged by the wide perception of unacceptable risk. Only the federal government can provide the needed employment stimulus . This is very different from increasing the reserves of the major banks so that they and their privileged borrowing corporations can help themselves in the stock market rather than invest and increase employment. That is not Keynesian stimulus.
I can think of no person who was and is still detested as much as FDR by his own capitalist class as was JM Keynes. If Keynes had been in charge at the Bretton Woods conference in place of Harry Dexter White, an agreement could have been made that might have avoided the domination of the postwar economy by the US and the ultimate breakdown of the gold standard (1971). If Keynes had been heard after WWI, the Versailles Treaty would not have set the stage for WWII. He was a profoundly far sighted political economist and one of the key intellectuals of the 20th century, as recognized and celebrated by Bertrand Russell in his “History of Western Philosophy”.
Great post I heartily agree.