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ARVE Error: No attachment with that IDJournalist Kevin Gosztola runs down Biden’s transition team and possible Cabinet picks and it doesn’t look good for progressives, on theAnalysis.news podcast with Paul Jay.
On Reality Asserts Itself, Daniel Ellsberg tells host Paul Jay that US intelligence agencies knew that Stalin was not planning to invade Western Europe or seek world domination, but based on the myth, the world came close to nuclear war – and it’s all happening again.
The speech from the throne is only weeks away. Moments like these — pandemics, depressions, wars — are historical turning points, often marking a time period when fundamental change toward social and economic equality become possible. By Bruce Campbell.
Every President since Truman has used a nuclear first strike threat as leverage in U.S. foreign policy; it’s institutional insanity says Daniel Ellsberg on Reality Asserts Itself with Paul Jay. This is an episode of Reality Asserts Itself, produced November 12, 2018, with Paul Jay.
The Federal Reserve has been subsidizing the megabanks, but what’s needed is an institution that provides the backstop, the loan guarantees, the subsidies, the lines of credit, et cetera, to support the development of a whole variety of public financial institutions. Gerald Epstein on theanalysis.news podcast with Paul Jay.
Mikey Weinstein of the Military Religious Freedom Foundation, says quite possibly as much as a third of the U.S. military have been recruited to extreme Christian Nationalism, including at the highest levels. They were heavily involved in the events of Jan 6th. The full interview is available on theAnalysis.news with Paul Jay.
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.