Saturday, September 24, 2016

Almost everything you know about climate change solutions is outdated

The clean energy revolution is now unstoppable.





Some more good news: Ultra cheap energy is around the corner - and it's green. This is an energy miracle - where even cars will cost next to nothing to run. And this is just the beginning. Within ten years diesel buses will be gone too. Go to Walmart, and just plug your car into an electric socket for free. That's how cheap.


                    Europe’s biggest floating solar panel array at a UK reservoir.

Richard Vague — How to Suffocate Your Economy: Drown it in Massive Private Debt.

One of the key and largely overlooked reasons for this disappointing growth is hiding in plain sight: the increasing global burden of private debt—the combination of business debt and household debt. Even though government debt grabs all the headlines, private debt is larger than government debt and has more impact on economic outcomes. In the United States, total nonfinancial private debt is $27 trillion and public debt is $19 trillion. More telling, since 1950, U.S. private debt has almost tripled from 55 percent of GDP to 150 percent of GDP, and most other major economies have shown a similar trend. [See Chart 2.] Since GDP is largely the sum of all the spending, and thus income, of households and businesses in an economy, if aggregate private debt to GDP has tripled, that means that average businesses and households have three times more debt in relation to their income. Both private debt and government debt matter, and both will be discussed here, but of these two, it is private debt that has the larger and more direct impact on economic outcomes, and addressing the issues associated with private debt is the more productive path to economic revival.…
Evonomics
How to Suffocate Your Economy: Drown it in Massive Private Debt.
Richard Vague, currently managing partner of Gabriel Investments and the chairman of The Governor’s Woods Foundation, a non-profit philanthropic organization. Previously, he was co-founder, Chairman and CEO of Energy Plus, and also co-founder and CEO of two consumer banks, First USA and Juniper Financial.

Stephen Cohen — US-Russian Deal: 'DoD Openly Saying It May or May Not Obey Obama'

Given the fact that US warplanes knew the Deir ez-Zor region very well and that the US Department of Defense (DOD) had openly expressed its skepticism regarding the US-Russian plan on Syria, it is "a little hard to believe" that the attack on the Syrian Arab Army was an "accident," Professor Cohen suggested.
He quoted the New York Times editorial, which read that "at the Pentagon, officials would not even agree that if a cessation of violence in Syria held for seven days — the initial part of the deal — the Defense Department would put in place its part of the agreement on the eighth day." The editorial also referred to Carter, "who has deep reservations about the plan for American and Russian forces to jointly target terrorist groups." "In other words," Cohen noted, "Pentagon officials refused to say whether they would obey President Obama." 
The US academic stressed that in a Constitutional democracy where the military is clearly subordinated to the civilian leadership that is extraordinary. "We've come to a point in this craziness, in this New Cold War with Russia where DOD is openly saying it may or may not obey President Obama. If DOD will say that publicly you can imagine the opposition in Washington against the Syrian deal, [US Secretary of State John] Kerry brokered with Russian Foreign Minister [Sergei] Lavrov," Professor Cohen highlighted. The professor remarked that the opposition comprises very influential figures from the Pentagon, the US State Department, both Democratic and Republican parties and the US' mainstream media.
If true, this is not only insubordination but subordination of the president of the United States to policy dictated by the deep state. Americans and the rest of the world should be concerned that the US has apparently gone rogue.

This also accounts for the about face of candidate Obama on becoming President Obama and switching from someone that received the Nobel Peace Prize — prematurely to be sure — to an ally of the neocons and liberal interventionists, only attempting to restrain extreme policy rather than to reverse it.

Sputnik International
US-Russian Deal: 'DoD Openly Saying It May or May Not Obey Obama'

Ramanan — James Tobin On Real Business Cycle Theory


Nice Tobin quote.

The Case for Concerted Action
James Tobin On Real Business Cycle Theory
V. Ramanan

Also

Marc Lavoie On The DSGE Emperor

Russian Intel General: the CIA May Be Planning to Assassinate Putin — Andrey Afanasyev interviews Leonid Reshetnikov

We should have no illusions. Today’s United States of America is interested only in one thing – destroying Russia as a civilizational, geopolitical, military and political rival — as well as an economic rival, with its treasure trove of resources.
Russia Insider
Russian Intel General: the CIA May Be Planning to Assassinate Putin
Andrey Afanasyev interviews Leonid Reshetnikov, Director of an influential think tank, the Russian Institute for Strategic Studies (RISS), and a retired lieutenant general of Russia's foreign intelligence service

Stefan Verstappen: Paradise Stolen - Episode 3 -The Myth of Overpopulation




Stefan Verstappen is a survivalist, a bit libertarian - probably in the Ron Paul tradition. Like Ron Paul, he is emphatic, but I wonder how libertarianism fits in with this?

In this video Stefan Verstappen looks into the myth of overpopulation. I thought I would put out something that's a bit more positive for once.

I thought the Stefan Verstappen videos Part 4 and 5 are unacceptable for this site. The Myth of Terrorism goes deep into conspiracy theory, and Why We Are Poor is a rant about tax, although if half of US taxes are going on the military then Stefan has a point.

In the comment section under, 'Why We Are Poor', I wrote to Stefan Verstappen telling him about MMT and the way that fiat money works is counter-intuitive. I then put out the link for Bill Mitchell's, Why Tax Doesn't Pay for Anything. When I commented on his first video, which was Part 1, I soon got a reply, so I might get one about MMT sometime soon as well. I doubt if he will agree, but as he very emphatic then maybe he, or even Ron Paul, could eventually see another way. At least there could be room for compromise.

For those of you that missed part 1, here it is, it is excellent:

Paradise Stolen - Episode 1 - DON'T SHOW YOUR CHILDREN! 




Anti-War video showing another side to the cost of war - the life you could have had. WARNING: graphic images and loud music halfway through.

Chris Hedges: Sabah Alnasseri: Arab Political Thought 2015




Chris Hedges interviews Sabah Alnasseri who explains how ISIS came about. In Iraq Washington disbanded the Iraqi army. the police, and the civil servants and left the civilians at the mercy of bandits. Washington also let the soldiers take their weapons home with them further fueling sectarian violence.  People had no services or a functioning police force and young people found some hope in the Islamic fundamentalists. ISIS offered law and order, the complete sharing of the spoils of war, comradeship, social inclusion, etc. This was very appealing to many young men, although at some stage they are sent to die.  

Joyce Nelson: TISA and the Privatization of Public Services

A very clear look at TISA, which is ruse to override our democracy. The One Percent are trying to ensure that public services can't be brought back into the public domain. As neoliberalism grinds to a halt, where Western zombie economies continue to shuffle along like the living dead, and just as the world is beginning to see Neoconservativatism for what it really is, the One Percent are trying to slip this through while they have a chance. What's alarming is how the ruling political parties are gleefully going along with it - all in on the make, I guess.  We in the West call ourselves democratic, but this is autocratic. If only we really did have a free press in the West. No one wants this neoliberal nightmare.

 A short, concise article, I almost reprinted all of it. This is about half.

http://www.counterpunch.org/2016/09/23/tisa-and-the-privatization-of-public-services/

excerpts:

A new report reveals the extent to which local governments around the world have been taking services delivery back into the public sector. Water and waste water services, garbage collection, electricity delivery, health services, transit systems, and other services that were contracted-out, partially privatized through public-private partnerships (P3s) or privatized outright are now rapidly being brought back into public control across the globe because privatizations resulted in economic (or other) major problems.
The report, called Back In House: Why Local Governments Are Bringing Services Home, was recently released by the Centre for Civic Governance at the Columbia Institute in Vancouver, B.C.
On the contrary, as I reveal in my new book – Beyond Banksters: Resisting the New Feudalism [2] – the financial oligarchy is particularly focused on increasing privatization and is pushing the trade deals in order to make remunicipalization impossible
This is especially true of the little-known, secret deal called the Trade In Services Agreement (TISA), which the writers of Back In House might not know about. TISA is the back-up deal in case TPP (TransPacific Partnership), TTIP (TransAtlantic Trade and Investment Partnership) and CETA fail.Team TISA
Nick Dearden, director of UK-based Global Justice Now (GJN), calls TISA “a massive super-privatization deal covering everything from finance to education.” [3] TISA focuses on services, not goods, and allows multinational corporations to provide services across national borders by turning public services into commodities run for profit.
As I reveal in Beyond Banksters, TISA was dreamed up by the Global Services Coalition, whose “Team TISA” members include Citigroup, JPMorgan Chase, MetLife, Prudential, Verizon, Wal-Mart, and other corporate titans intent on privatizing the world.[7] Unfortunately, municipalities will be affected by pending trade deals, especially TISA.

Friday, September 23, 2016

David Fields — RRPE OnlineFirst of URPE at ASSA pieces published


Links to articles.

Radical Political Economy
RRPE OnlineFirst of URPE at ASSA pieces published
David Fields

Nathan Tankus — The Illustrious Beginnings of Tankus Notes

Hello!My name is Nathan Tankus. I’m a writer and Research Scholar with the Modern Money Network. I’ve started to blog here because I have an overflowing multitude of interdisciplinary interests in economics and social sciences generally that are starting to overwhelm me. I read about a bewilderingly large maze of different topics all connected by a (sometimes loose) relationship to economics. I do this because many different things topics and issues catch my interest at any given time. By blogging here I hope to catalogue things I’ve read since I’m sure I’ve lost track of many interesting papers and ideas from the time I read without cataloguing.
In short this blog will mostly be public notes to myself. I’m making these public because an audience helps to improve my writing, get other people thinking and arguing about things I think are interesting and to provoke others to rethink what they think they know. I will also likely post more formal blog posts meant to garner attention on the results of my research or other projects in relation to MMN.…
Nathan Tankus Notes
The Illustrious Beginnings of Tankus Notes
Nathan Tankus
ht JW Mason

Matias Vernengo — The Trouble with Paul Romer's Angriness


The good. Paul Romer is using his bully pulpit as incoming World Bank chief economist to criticize the economics profession. 

The bad. Paul Romer is clueless himself.

Naked Keynesianism
The Trouble with Paul Romer's Angriness
Matias Vernengo | Associate Professor of Economics, Bucknell University

Ignacio Vieira — Brazil’s President Michel Temer Says Rousseff was Impeached for Refusing His Economic Agenda

Brazilian President Michel Temer let an open secret become explicitly clear during a speech to business and foreign policy leaders yesterday in New York. The country’s elected and now-removed President, Dilma Rousseff, was impeached because of her position on economic policy, rather than any alleged wrongdoing on her part, her installed successor admitted. Temer’s stunning, and seemingly unscripted, acknowledgement will surely bolster the view of impeachment opponents that Dilma’s removal was a “parliamentary coup d’etat.”
In his remarks, Temer clearly stated what impeachment opponents have long maintained: that he and his party began to agitate for Rousseff’s impeachment when she refused to implement the pro-business economic plan of Temer’s party. That economic plan which Rousseff refused to implement called for widespread cuts to social programs and privatization, an agenda radically different from the one approved by Brazilians through the ballot box in 2014, when Dilma’s Workers’ Party won its fourth straight presidential election. The comments were delivered on Wednesday to an audience at the New York headquarters of the Americas Society/Council of the Americas (AS/COA).…
“And many months ago, while I was still vice president, we released a document named ‘A Bridge to the Future’ because we knew it would be impossible for the government to continue on that course. We suggested that the government should adopt the theses presented in that document called ‘A Bridge to the Future.’ But, as that did not work out, the plan wasn’t adopted and a process was established which culminated with me being installed as president of the republic.”
There you have it.

Now popular ex-president Lula is being forced to stand trial for corruption to prevent his running again with the likelihood of being elected.

Neoliberalism (bourgeois liberalism) at its finest.
Temer’s comments are yet more confirmation that Rousseff’s impeachment did not occur due to alleged budget tricks, as the Brazilian media and the country’s now-ruling faction regularly claims. Nor was it for the traditional Brazilian family, nor for God, or against corruption, as congresspeople claimed during their “yes” votes. It was conducted on behalf of the interests of business owners and to the detriment of workers. It was for an agenda of impunity, profit, and power that would never be ratified democratically by the Brazilian voting population at the ballot box, and was thus imposed on them under the guise of upholding the law. Anyone still doubting that should simply listen to what the prime beneficiary of impeachment, Michel Temer, just said to his most important constituency.
The Intercept
Brazil’s President Michel Temer Says Rousseff was Impeached for Refusing His Economic Agenda
Ignacio Vieira

Also
The only exception to this wall of silence was a columnist from the right-wing newspaper Estadão, Lúcia Guimarães, who spent several hours on Twitter yesterday completely humiliating herself in a spirited attempt to deny that Temer actually said this. She began by insinuating that The Intercept Brasil made a suspicious “cut” in the video that altered reality — basically accusing Vieira of committing fraud without the slightest evidence, all to protect Temer.

Then, after a Folha columnist sent her a link to the full video showing that nothing was distorted, she nonetheless announced that she would only believe Temer said this once she saw the drives from each camera simultaneously played, and she added that what made the story so suspicious was that President Temer is a best-selling author of a book on constitutional law who would not say such a thing about impeachment. Only once the full transcript of Temer’s remarks was posted would she finally admit that he really said it, but rather than retract her false accusations or apologize to Vieira and The Intercept Brasil for having implied the video was fraudulently edited, she instead simply posted the relevant part of Temer’s remarks without reference to her prior efforts to smear Vieira, as though she were the one who discovered and was reporting these comments for the first time. Even once she did finally admit the truth about Temer’s remarks, she bitterly claimed that impeachment opponents were turning the story into a “carnival” and celebrating the revelation.
Brazil’s Big Media Ignores Temer’s Confession — Except Estadão Columnist Who Falsely Claimed Video Was Altered
Glen Greenwald

SouthFront — China Presents Its New Radar Capable to Detect ‘Invisible’ Targets at Distance up to 100 Km


Uses quantum entanglement.

SouthFront
China Presents Its New Radar Capable to Detect ‘Invisible’ Targets at Distance up to 100 Km
VV2

The Saker — Why the recent developments in Syria show that the Obama Administration is in a state of confused agony

The latest developments in Syria are not, I believe, the result of some deliberate plan of the USA to help their “moderate terrorist” allies on the ground, but they are the symptom of something even worse: the complete loss of control of the USA over the situation in Syria and, possibly, elsewhere. Let me just re-state what just happened
The Vineyard of the Saker
Why the recent developments in Syria show that the Obama Administration is in a state of confused agony
The Saker

Lord Keynes — Paul Romer’s Plan For Sweden: Are You Kidding Me?!


Just when you were beginning to think that Paul Romer was one of the sane voices in economics and political economy. Now this head scratcher.

Social Democracy For The 21St Century: A Post Keynesian Perspective
Paul Romer’s Plan For Sweden: Are You Kidding Me?!
Lord Keynes

Rick Sterling — How US Propaganda Plays in Syrian War

U.S. foreign policymakers have experimented at planting propaganda in social media and then citing it as evidence to support their goals, a process now playing out in the Syrian “regime change,” as Rick Sterling explains.
"Propaganda" is the ordinary language term for it. The technical term for it is "making shit up." A corollary is "duping the rubes."

Noam Chomsky calls it "manufacturing consent." The article shows how consent gets manufactured by covert orchestration and then planting in the media echo chamber.

Whatever, it's all about generating a hoax and propagating it. This takes organization and funding. Guess who provides it.

Consortium News
How US Propaganda Plays in Syrian War
Rick Sterling

Robert Waldmann — On The new heavyweight macro critics


On a related note,  I was listening to NPR today while driving and Roger Penrose was the guest on Science Friday. He called for a "new physics" to address the anomalies that have arisen not only in attempting to unite QM with relativity but also within QM, which he called "absurdities." Asked how this might come about in the face of entrenched opposition, he admitted that different "communities" would resist change. Entrenched communities resist change because they would have to, well, change. Change comes slowly to organizations and cultures unless something provokes a revolution.

Maybe we are witnessing such a revolution in economics, with major players getting behind the need for change.

But actual change does not occur until a replacement is available.

Angry Bear
On The new heavyweight macro critics
Robert Waldmann

The Humanist Report: Watch JILL STEIN decimate them all!!


Jill Stein answers her questions really well, Well, perhaps when your right it is easy.


Jill Stein returned to Fox News where their biased host, Chris Wallace, did everything to make her look dumb, but she came prepared and completely owned him; and arguably, even had him visibly rattled as he tried to shut her down. She handled it masterfully.

The follow up:


Jill Stein Returned to Fox News & Demolished Them Again 




Green Party nominee Dr. Jill Stein went back on Fox News after completely destroying them on economic issues, and they invited her back for seconds—this time on foreign policy. They tried extra hard to vilify her, but she ran circles around them. Enjoy!

Pope Francis — Journalism Based On Gossip And Lies Is A Form Of Terrorism

Pontiff says journalists must go the extra mile to seek the truth and ensure they don’t spread rumours which can ‘kill a person with your tongue’
Buzz kill.

Mariana Mazzucato — New Times: Mariana Mazzucato on why it's time for progressives to rethink capitalism

Some separate economic from societal problems, stating that we must address the former before we can tackle the latter. But the future for progressives lies in advancing the two together.…
The time is ripe for progressives to make their case with confidence and to rethink capitalism. Narratives about wealth creation must become more collective, as should the distribution of the rewards which result. The public realm matters to wealth creation, just as it matters to building a stronger and more just society.
New Statesman
New Times: Mariana Mazzucato on why it's time for progressives to rethink capitalism
Mariana Mazzucato | RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex

See also

Prospect
A real industrial revolution
Mariana Mazzucato

Thursday, September 22, 2016

Ralph Musgrave — What's The Optimum Debt/GDP Ratio, And What's The Optimum Interest To Pay On That Debt?

Summary
This article deals with the differences between Modern Monetary Theory and what Simon Wren-Lewis (Oxford economics prof.) calls the "consensus assignment" (which more or less equals the conventional wisdom).
I argue below that if the best of MMT and the best of SW-L's ideas are combined, one ends with the ideal system and that involves two important elements. First, it results in a national debt that pays the optimum rate of interest: zero or near zero. Second, it results in the optimum debt/GDP ratio. But since the interest on that debt is zero or near zero that so-called debt isn't really debt at all: it's more like money (base money to be exact).
Martin Wolf pointed to the similarities between "low-interest national debt" and money.
And Milton Friedman supported the "zero interest" idea. Moreover, at a near-zero interest rate, government is, by definition, not influencing or interfering with the free market rate of interest, i.e. a genuine free market rate of interest is obtained under the above "ideal" system, and that presumably maximises GDP.
Seeking Alpha
What's The Optimum Debt/GDP Ratio, And What's The Optimum Interest To Pay On That Debt?
Ralph Musgrave

Geoffrey Hodgson — Imagine Economics as an Evolutionary Science

Veblen took the view that humans were driven by habit. Habits are guided by both inherited propensities – called instincts – and existing institutions. A habit is a learned capacity to act or think in a particular way. Instead of beliefs being prime movers, they too are based on habits.
As the pragmatist philosopher John Dewey argued eloquently in his 1922 book Human Nature and Conduct, deliberate choices occur when our habitual propensities clash and we are forced to make a decision between them. Generally, habit drives reason and choice, rather than the other way round.
This way of putting instinct first, habit second, and reason third is consistent with our understanding of human evolution. The instinct-habit-reason ordering is consistent with the sequence in which these emerged long ago in the evolution of our species. It is also consistent with the way in which they develop in each human individual, from infanthood to adulthood.
This evolutionary perspective on human agency is very different from the mind-first, or beliefs-first, perspectives that still dominate economics and much of social science.…
As George Lakoff frequently points out, mind-first is so 18th century.

Evonomics
Imagine Economics as an Evolutionary Science
Geoffrey M. Hodgson is research professor at Hertfordshire Business School, University of Hertfordshire, England

Jim Jatras — the oligarchy is losing its grip, but its death throes may prove fatal – to us

There is also grave, perhaps growing, danger. The Deep State’s servitors and beneficiaries could risk a major war in a desperate bid to save their wealth, power, and privileges—with dire consequences for America and the world. Most people may be inclined to dismiss the idea of “kickstarting World War III” as alarmism, if not conspiracy-mongering. Maybe that is the case.…
But maybe not. 

Probably no one is going to "start WWIII" intentionally at that this point. However, events have a way of getting out of control and every action has intended consequences as well as mistakes, errors of judgment, and accidents. Poking sticks into the liars of bears and dragons is not a good idea.
Jim Jatras, former US diplomat and foreign policy adviser to the Senate GOP leadership

Then there is this.

Katehon
P.T. Carlo: There Can Be No Peace With The Post-Human American Empire

And this
The so-called “liberal” parties, such as Yabloko and Parnas, were disadvantaged and wrong-footed going into these elections because they were seen to be unpatriotic if not treasonous with regard to their foreign policy positions. The rise in patriotic mood following the Russian reunification with Crimea in March 2014 set a new tone for Russian political life to which the “liberal” parties with their pro-Western, pro-American bias were totally at odds. Every party that made it into the Duma held “Crimea is Ours” slogans. The “liberals” did not, could not, and so marginalized themselves on Sept. 18.
Consortium News
In Election, Russians Rallied Around PutinGilbert Doctorow | European Coordinator of The American Committee for East West Accord Ltd.

This is really not headed in a good direction and recent events in Syria have greatly exacerbated the situation. These are parlous times, and we may not make in to the election without a significant "incident." War clouds are looming, and the drums of war are being beaten in the background.

Sputnik
Syrian Politician to Sputnik: 'WWIII Has Begun, and It's Being Fought in Syria'

I would say it began on 9/11. Osama provoked what he sought — US imperial overreach that will bring down the hegemon, or be the end of us all.<a href="https://en.wikipedia.org/wiki/Inshallah"> Inshallah</a>.

Ambrse Evans-Pritchard — UN fears third leg of the global financial crisis - with prospect of epic debt defaults

The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history.
It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity.…
Systems based on efficiency as the priority are likely to be fragile and unsustainable. Capitalism is based on "efficiency of capital."  The problem is that financial capital is debt-based, and as Minsky observed, stability leads to instability as confidence exceeds potential and then performance. The result is a reset. The world is now in the midst of such a reset. Rebooting takes some time. Enjoy the wait with a glass of brandy and a cigar.
The UN's diagnosis is that "shareholder primacy" and the entire edifice of liberal market finance are among the key culprits, all made worse by stringent fiscal austerity that has starved the global economy of sufficient demand.
Its prescription is radical. The world must jettison neo-liberal ideology, and launch a "global new deal" with a blitz of investment on strategic sectors. It wants a return of the "developmental state", commanding a potent industrial policy, and backed by severe controls on capital flows.
Then comes the heresy.
The UN's advice to the emerging nations is to retake control of their destiny and turn the tables on the financial elites. They should impose capital controls, preferential tax treatment for retained earnings, and force fund managers to hold assets for longer. They should allocate credit without apology, and learn a trick or two from the Korea's methods of "financial repression".…
But even the Western elite is wavering.
With uncanny timing - fit from a Conservative Party that has outlived every other major party in the world from sheer instinct and fingerspitzengefühl - Theresa May may now start to close that era with her embrace of industrial strategy.
What is clear is that world will soon need a massive and coordinated spending push by governments to create demand and bring the broken global system back into equilibrium. UNCTAD is entirely right about that.…

The Telegraph
UN fears third leg of the global financial crisis - with prospect of epic debt defaults
Ambrse Evans-Pritchard

Bill Mitchell— Is there a case for a basic income guarantee – Part 3

This is Part 3 in the mini-series discussing the relative merits of the basic income guarantee proposal and the Job Guarantee proposal. While there is a lot of literature out there on the merits of introducing a basic income guarantee very rarely will you read a detailed account of the macroeconomic implications of such a scheme. It is inescapable that the basic income proposal lacks what I call an inflation anchor. That is, to provide an adequate stipend and generate full employment (ensure there are enough jobs for all who want to work), the basic income guarantee is inherently inflationary and sets in place destructive macroeconomic dynamics which make it unsustainable. To suppress the inherent inflationary bias of the proposal, the stipend has to be so low that the recipients are freed from work but not poverty. The Job Guarantee, by way of contrast, is designed to provide an explicit inflation anchor and allows the government to continuously maintain full employment and provide a decent wage to those who from time to time will be in the Job Guarantee pool. It does not rely on poverty wages or unemployment to maintain price stability. That alone is a fundamental advantage of the Job Guarantee over the basic income guarantee – it is sustainable.…
Bill Mitchell – billy blog
Is there a case for a basic income guarantee – Part 3
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

The Third World War Has Never Been So Close… “US Preparing to Wage War on Russia. How will Russia Respond?”

To be truthful, I didn't want to put this out, I found it too difficult to read, but the more people who know the better if we are to avert this.


The globalist US leadership obviously cannot rule the whole world and, what’s more, the threat posed by Trump puts their control over America itself into question. Now, while the puppet Barack Obama is still in office and the globalist candidate Hillary Clinton is falling apart in front of American voters’ very eyes, is the last chance to start a war. This would allow them to postpone elections or force Trump, if he were to win, to begin his presidency in catastrophic conditions. Thus, the US neoconservatives and globalists need war. And fast, before it’s too late. If Trump gets into the White House when there will be peace, then there will be no such war, at least for the foreseeable future. And this would spell the end of the omnipotence of the maniacal globalist elites.
The point of no return has not been crossed yet. 
It is completely obvious that the US is preparing to start a war against Russia. Border incidents represent reconnaissance operations. But how will Moscow, Putin, and the Kremlin react? The point of no return has not yet been crossed, but did Moscow’s reaction not show just how many Russians are ready for a direct, frontal confrontation with the US and NATO? This was why the airstrike was launched against Syrian army positions.

 http://www.globalresearch.ca/video-the-third-world-war-has-never-been-so-close-us-preparing-to-wage-war-on-russia-how-will-russia-respond/5546914

Western Propaganda: The United States Must Be the World’s Policeman, By Anders Fogh Rasmussen

http://www.wsj.com/articles/the-united-states-must-be-the-worlds-policeman-1474412665

This is shocking, but this is what the general public gets told and on the whole they believe. Written for The Wall Street Journal, by Anders Fogh Rasmussen, a former prime minister of Denmark and a former secretary-general of NATO. But don't waste your time reading this BS, I will give you a brief taster.
The world needs such a policeman if freedom and prosperity are to prevail against the forces of oppression, and the only capable, reliable and desirable candidate for the position is the United States. The presidential elections thus come at a pivotal point in history.
The Middle East is torn by war. In North Africa, Libya has collapsed and become a breeding ground for terrorists. In Eastern Europe, a resurgent Russia has brutally attacked and grabbed land by force from Ukraine. China is flexing its muscles against its neighbors—and the rogue state of North Korea is threatening a nuclear attack.
Mr. Rasmussen, a former prime minister of Denmark and a former secretary-general of NATO, is the author of “The Will to Lead—America’s Indispensable Role in the Global Fight For Freedom,” out this month from HarperCollins/Broadside Books. 
So, the good US (that is, Washington) goes around the world spreading freedom, fairness, and democracy and or no other reason other than the goodness of its heart, and is prepared to spend $trillions on this on our behalf. American tax payers pay for it all, of course, - thanks, you guys - while the wealth just happens to come rolling back from the colonies into the pockets of the billionaire class.

Ron Paul: Why Are We Sending $38 Billion to Rich and Powerful Israel?


http://www.ronpaulinstitute.org/archives/featured-articles/2016/september/19/why-are-we-sending-38-billion-to-rich-and-powerful-israel/

Ron Paul is certainly an interesting character. Economically very right-wing, but very anti war, like any on the true left. Anti-War.com is inspired by Ron Paul and they are passionate as any left wingers about being peace It so good that the populist right and true progressive left can agree on this important topic, so maybe with have a chance to stop a war from developing.

Staying alive and avoiding nuclear war is more important than being left or right at the moment. Besides, there is nothing to stop a country being a bit left, and another being a bit right, it should be just about sensible debate and preferences.

Last week’s announcement of a record-breaking US aid package for Israel underscores how dangerously foolish and out-of-touch is our interventionist foreign policy. Over the next ten years, the US taxpayer will be forced to give Israel some $38 billion dollars in military aid. It is money we cannot afford going to a country that needs no assistance to maintain its status as the most powerful military in the Middle East.
All US foreign aid is immoral and counterproductive. As I have often said, it is money taken from poor people in the US and sent to rich people overseas. That is because US assistance money goes to foreign governments to hand out as they see fit. Often that assistance is stolen outright or it goes to the politically connected in the recipient country.
Just as bad is the fact that much of what we call “foreign aid” is actually welfare for the wealthy here at home. The aid package to Israel is a very good example. According to the agreement, this $38 billion will all go to US weapons manufacturers. So the real beneficiaries are not the American people, and not even Israeli citizens. The real beneficiaries are the US military-industrial complex. Perhaps the money won’t even leave Washington – it may simply go across town, from the Fed to the Beltway bomb-makers.
So why is the US giving a rich and incredibly well-armed country a record amount of military aid? Part of it is that the US government believes it can coerce Israel to do Washington’s bidding in the Middle East. History shows that this is a foolish pipe dream. If anything, US aid subsidizes Israeli human rights abuses in Gaza and elsewhere.

Deep State America

One explanation why U.S. policies serve no national interests



This article comes from  The Unz Review: An Alternative Media Selection which has a collection of essays from both the right and left (but mainly from left progressive). This particular article was first featured at Ron Paul Institute’s conference on peace and prosperity held on September 10, 2016 in Dulles, Virginia. I particularly like the cartoon which shows how the public have been divided and ruled. Let's hope we can overcome the hurdles to fight the billionaires club? 

Personally, I think libertarian ism will be as effective as a paper tiger in taking on the billionaires club, in fact, it will let them off Scot free and then give them some, but hey, we've got to unite on this before it's too late. 


 

On September 9th the Washington Post featured a front page article describing how the Defense Department had used warplanes to attack targets and kill suspected militants in six countries over the Labor Day weekend. The article was celebratory, citing Pentagon officials who boasted of the ability to engage “multiple targets” anywhere in the world in what has become a “permanent war.” The article did not mention that the United States is not currently at war with any of the six target countries and made no attempt to make a case that the men and women who were killed actually threatened the U.S. or American citizens.
Actual American interests in fighting a war without limits and without an end were not described. They never are. Indeed, in the U.S. and elsewhere many citizens often wonder how certain government policies like the Washington’s war on terror can persist in spite of widespread popular opposition or clear perceptions that they are either ineffective or even harmful. This persistence of policies regarding which there is no debate is sometimes attributed to a “deep state.”
Meanwhile both targeted citizens and often innocent foreigners who fit profiles are assassinated by drones without any legal process or framework. Lying to start a war as well as the war crimes committed by U.S. troops and contractors on far flung battlefields including torture and rendition are rarely investigated and punishment of any kind is so rare as to be remarkable when it does occur.
Here at home banks are bailed out and corporate interests are protected by law. Huge multi-year defense contracts are approved for ships and planes that are both vulnerable and money pits. The public is routinely surveilled, citizens are imprisoned without being charged or are tried by military tribunals, the government increasingly cites state secrets privilege to conceal its actions and whistleblowers are punished with prison. America the warlike predatory capitalist operating with little interference or input from the citizenry might be considered a virtual definition of deep state.
Some observers believe that the deep state is driven by the “Washington Consensus,” a subset of the “American exceptionalism” meme.

Whatever you do, do not use Google Allo: Snowden

https://www.rt.com/usa/360196-edward-snowden-google-allo/

Google Allo, the new “smart” chat app launched on Wednesday, is ‘dangerous’ and should be avoided, according to whistleblower Edward Snowden.
Allo, designed to unseat chat pack leader WhatsApp, promises to deliver quick conversations with features like; “Smart Reply” that can guess your answers and respond to messages with just the tap of a button, and “Google Assistant”, which answers your questions and helps you search for things directly in your chat.
How does Allo plan on predicting your every word and witty emoji, you ask? “The more you use it, the more it improves over time,” which basically means they’ll collect and store as much of your data as possible and then use artificial intelligence to guess your replies.
However, the efficiency of time-saving typing may end up costing customers their already compromised privacy.