Similar Posts
IMF & Private Creditors Subject Sri Lanka to Neo-Colonial Debt Bondage – Asoka Bandarage part 1/2
The Sri Lankan government turned to the IMF for a near $3 billion bailout to repay loans provided by India and Japan, as well as international sovereign bonds issued by foreign creditors such as BlackRock. Dr. Asoka Bandarage, sociologist and author of Crisis in Sri Lanka and the World, suggests that Prime Minister Rajapaksa’s declaration of bankruptcy in 2022 and the subsequent IMF bailout under Prime Minister Wickremesinghe was not an absolute necessity, but an attempt to shift Sri Lanka further under the umbrella of Western and Indian institutions, and away from Chinese loans.
Trump & the MAGA Movement as Anti-Christ – Matthew Fox (Theologian and Priest) part 1/2
At first glance, an impressive fresco in San Brizio’s Chapel in the Orvieto Cathedral appears to show Christ addressing a crowd – but after closer inspection, one realizes that the main figure is, in fact, the Antichrist, with a demon speaking into his left ear. Luca Signorelli’s painting, The Preaching and Punishment of the Antichrist, inspired artist Michelangelo and psychoanalyst Sigmund Freud to produce some of their greatest works. It also inspired American theologian and priest Matthew Fox to write his new book Trump & The MAGA Movement as Anti-Christ: A Handbook for the 2024 Election. In part 1, Fox argues that the archetype applies to the darker sides of MAGA and its Christian-nationalist backers.
Why I am Opposed to the War in Vietnam – Martin Luther King
On the 54th anniversary of Martin Luther King’s assassination on April 4, 1968, we republish his speech, Why I am Opposed to the War in Vietnam.
Does American Might Prevent Global Chaos – Peter Kuznick on Reality Asserts Itself (pt 3/3)
This is an episode of Reality Asserts Itself, produced on October 20, 2013. In the final episode of this series of Reality Asserts Itself with Paul Jay, historian Peter Kuznick analyzes the core idea of American exceptionalism, that US military power creates world order.
CIA Stories: Death Squads in Afghanistan
As the US Empire makes its major military retreat from Afghanistan, learn about the CIA forces that will be staying behind—and their disturbing 20-year track record of war crimes.
Bill Black pt 9/9 — The Best Way to Rob a Bank is to Own One
The final segment of our series with Bill Black on modern American financial fraud.
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.