Wednesday, June 19, 2019

Some of my tweet from June 7 - 18







































































































































American Warmongers want war ... any which way will do !!


A more blood-thirsty nation has never existed on Planet Earth.  Forget Germany, forget the Vikings, forget the everybody else you have ever been told were war-loving degenerates of the human race.  USA has surpassed every group of evil doers that has ever lived and walked on this our good Earth. 


Edward Curtin at DissidentVoice
The War Hoax Redux

The Trump administration has a problem: How to start another war – this time with Iran – without having a justifiable reason for one.  No doubt members of Trump’s team, led by the war-thirsty and perdurable John Bolton, are working hard to solve this urgent problem.  If they can’t find a justification, they may have to create one.  Or perhaps they will find what they have already created.  Whatever the solution, Americans should feel confident that their leaders, together with their Israeli and Saudi bedfellows, are not sitting on their hands.  Crazy people do crazy things.

After the Gulf War in 1991 and the invasion of Iraq in 2003, it slowly became apparent what alternative media and war critics had insisted was the case before and during these wars: That the U.S. government had achieved a propaganda coup by tightly controlling the media access to the truth and by getting the mainstream media (MSM) to do their bidding.  This ex post facto revelation was, of course, not prime time or front page news, but was reported bit-by-bit by critics or was buried deep within the news reports.  While some of the truth arrived, it did so obliquely, and corporate media devotees went back to their gullible and comforting sleep.

Yet once again Americans are being played for fools by the government and MSM.  The open secret, the insider’s fact, is that the U.S. plans to attack Iran if they can seduce enough Americans that they are threatened.  The Trump people know this, the corporate media shills know it, for the Bush-Clinton-Obama scenario, written years ago, is to act as if it weren’t so, to act as if a peaceful solution were being seriously considered. Iraq, Afghanistan, Libya, Syria, etc. all learned better.  The U.S. never seeks a peaceful solution.

As in 1991 and 2003, the MSM play along with Trump, who repeatedly says, or has his spokespeople say, that the decision hasn’t been made and that the U.S. wants peace. Within a few hours this is contradicted and confusion and uncertainty reign, as planned. Chaos is the name of the game. But everyone in the know knows the decision to attack has been made at some level, especially once the propaganda dummies are all in place.  But they pretend, while the media wait with baited breath as they anticipate their countdown to the dramatic moment when they report the incident that will “compel” the U.S. to attack.

The corporate media, however, always avoid the key question: How will the U.S. justify its fait accompli and what is its goal?  This question is too disturbing to broach, for it suggests that the fix is in, the show is rigged, something is rotten in the symbiotic relationship between a government intent on war and a media in that government’s service.

What could, in the eyes of the American people, justify a war against Iran, assuming the Trump administration even cares about justification?   Will Iran attack Israel?  No. Will Iran attack the United States?  No.  Of course, not, not least because it can’t, even if it wished to do so, which it clearly doesn’t.  Any suh Iranian attack – absurd as such a suggestion is – would give the Trump administration ample justification for a war..........

Friday, June 7, 2019

Some of my tweets from June 1 - 6

























































The state of the US economy


Worth a read. 

Paul Craig Roberts at his blog
The State of the Economy

The story line is going out that the economic boom is weakening and the Federal Reserve has to get the printing press running again.  The Fed uses the money to purchase bonds, which drives up the prices of bonds and lowers the interest rate.  The theory is that the lower interest rate encourages consumer spending and business investment and that this increase in consumer and business spending results in more output and employment. 

The Federal Reserve, European Central Bank, and Bank of England have been wedded to this policy for a decade, and the Japanese for longer, without stimulating business investment.  Rather than borrowing at low interest rates in order to invest more, corporations borrowed in order to buy back their stock.  In other words, some corporations after using all their profits to buy back their own stock went into debt in order to further reduce their market capitalization!  

Far from stimulating business investment, the liquidity supplied by the Federal Reserve drove up stock and bond prices and spilled over into real estate.  The fact that corporations used their profits to buy back their shares rather than to invest in new capacity means that the corporations  did not experience a booming economy with good investment opportunities. It is a poor economy when the best investment for a company is to repurchase its own shares.

Consumers, devoid of real income growth, maintained their living standards by going deeper into debt.  This process was aided, for example, by stretching out car payments from three years to six and seven years, with the result that loan balances exceed the value of the vehicles.  Many households live on credit cards by paying the minimum amount, with the result that their indebtedness grows by the month. The Federal Reserve’s low interest rates are not reciprocated by the high credit card interest rate on outstanding balances. 

Some European countries now have negative interest rates, which means that the bank does not pay you interest on your deposit, but charges you a fee for holding your money.  In other words, you are charged an interest rate for having money in a bank.  One reason for this is the belief of neoliberal economists that consumers would prefer to spend their money than to watch it gradually wither away and that the spending will drive the economy to higher growth.

What is the growth rate of the economy?  It is difficult to know, because the measures of inflation have been tampered with in order to avoid cost-of-living adjustments for Social Security recipients and the payment of COLA adjustments in contracts........

Sunday, June 2, 2019

Some of my tweets from May 26 - 31