M/M
08-04-2019, 01:54 PM
one on the economy.... how FIRE sector: global and corporate Finance, Insurance, Real Estate got us into current mess: and how City- and State-owned central banks could be a powerful aid for people in US (Canada, and elsewhere) to have better quality of life:
The World Financial Order: An Instrument of the US Empire - A Conversation with Michael Hudson
https://www.globalresearch.ca/the-world-financial-order-an-instrument-of-the-us-empire/5685502
explains how the Bretton Woods institutions came to be an instrument of the U.S. empire, the similarities and differences behind the paths to Chinese and US economic prosperity, the virtual impossibility of electing a genuine reformer to the White House, the case of Canada, and more.
.....
The economy is planned by the banks and by the US state department, and the pretense is that if the planners are in the private sector, it’s not a planned economy. But that’s crazy! The banks lobby for the government, they pay for the election campaigns, they outright bribe the government, and if they don’t do the bribery because that’s illegal, they have the U.S. State Department and the US banks do the bribery. So I’ve been told by the U.S. Treasury officials.
.....
It’s a war of do you want feudalism and debt peonage or do you want economic survival.
.....
the American political system that’s very different from the parliamentary system of Canada and Europe. If this were Europe or Canada, the progressive forces in the United States could simply form a progressive party. They could call it .... whatever they wanted to..... and immediately you would have the mainstream of the Democratic Party, the Hillary Clinton-Obama right wing, that is controlled by the donor class on Wall Street, that would fall to about 8%
....
the Democratic National Committee, a smoke filled room that selects the president, does not have to follow the votes at all. .....and they have a whole group of the main donors, the representatives of Wall Street, financial interests, the insurance industry, all outweighing the votes of the popular people.
....
For 95% the American population, the GDP has been declining. And that is probably going to continue under Trump. He’s following policy of antagonizing the rest of the world. I would expect that he would probably win the Nobel Peace Prize somewhere around 2022 for integrating, driving the whole world together, integrating the whole world into a common front against American aggression. And that’s why foreign countries seem to be applauding him.
.....
You can very easily see why collapse is inevitable. All you have to do is look at the rising debt, personal debt, the rising corporate debt, the rising provincial or state debt, and it’s growing exponentially.
There’s no way of knowing when there will be a break in the chain of payment. Usually it’s a bankruptcy of a big company, very often by fraud, as the 2008 crisis was bank mortgage fraud. You don’t know when people will fight back.....
Regardless of history presented in article, I do think the vision - that could arise from where we are now - is a possibility:
The Last Western Empire? What does the collapse really mean?
http://www.unz.com/tsaker/the-last-western-empire/
IF the Neocons don't blow up the planet, and IF mankind is given enough time to study its history and understand where it took the wrong turn, then maybe, just maybe, there is hope.
I think that we can all find solace in the fact that no matter how ugly, stupid and evil the.....Empire is, no other empire will ever come to replace it.
In other words, should we survive the current empire (which is by no means certain!) then at least we can look forward to a planet with no empires left, only sovereign countries.
I submit that this is a future worth struggling for.
The World Financial Order: An Instrument of the US Empire - A Conversation with Michael Hudson
https://www.globalresearch.ca/the-world-financial-order-an-instrument-of-the-us-empire/5685502
explains how the Bretton Woods institutions came to be an instrument of the U.S. empire, the similarities and differences behind the paths to Chinese and US economic prosperity, the virtual impossibility of electing a genuine reformer to the White House, the case of Canada, and more.
.....
The economy is planned by the banks and by the US state department, and the pretense is that if the planners are in the private sector, it’s not a planned economy. But that’s crazy! The banks lobby for the government, they pay for the election campaigns, they outright bribe the government, and if they don’t do the bribery because that’s illegal, they have the U.S. State Department and the US banks do the bribery. So I’ve been told by the U.S. Treasury officials.
.....
It’s a war of do you want feudalism and debt peonage or do you want economic survival.
.....
the American political system that’s very different from the parliamentary system of Canada and Europe. If this were Europe or Canada, the progressive forces in the United States could simply form a progressive party. They could call it .... whatever they wanted to..... and immediately you would have the mainstream of the Democratic Party, the Hillary Clinton-Obama right wing, that is controlled by the donor class on Wall Street, that would fall to about 8%
....
the Democratic National Committee, a smoke filled room that selects the president, does not have to follow the votes at all. .....and they have a whole group of the main donors, the representatives of Wall Street, financial interests, the insurance industry, all outweighing the votes of the popular people.
....
For 95% the American population, the GDP has been declining. And that is probably going to continue under Trump. He’s following policy of antagonizing the rest of the world. I would expect that he would probably win the Nobel Peace Prize somewhere around 2022 for integrating, driving the whole world together, integrating the whole world into a common front against American aggression. And that’s why foreign countries seem to be applauding him.
.....
You can very easily see why collapse is inevitable. All you have to do is look at the rising debt, personal debt, the rising corporate debt, the rising provincial or state debt, and it’s growing exponentially.
There’s no way of knowing when there will be a break in the chain of payment. Usually it’s a bankruptcy of a big company, very often by fraud, as the 2008 crisis was bank mortgage fraud. You don’t know when people will fight back.....
Regardless of history presented in article, I do think the vision - that could arise from where we are now - is a possibility:
The Last Western Empire? What does the collapse really mean?
http://www.unz.com/tsaker/the-last-western-empire/
IF the Neocons don't blow up the planet, and IF mankind is given enough time to study its history and understand where it took the wrong turn, then maybe, just maybe, there is hope.
I think that we can all find solace in the fact that no matter how ugly, stupid and evil the.....Empire is, no other empire will ever come to replace it.
In other words, should we survive the current empire (which is by no means certain!) then at least we can look forward to a planet with no empires left, only sovereign countries.
I submit that this is a future worth struggling for.