The U.S. Department of Defense defines psychological warfare (PSYWAR) as: “The planned use of propaganda and other psychological actions having the primary purpose of influencing the opinions, emotions, attitudes, and behavior of hostile foreign groups in such a way as to support the achievement of national objectives.”
“Coming events cast their shadows forward.” – Goethe
What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets for sale, in the hope of making capital gains and pocketing the arbitrage spreads by debt leveraging at less than 1% interest cost? This is the game that is being played today. The outflow of dollar credit into foreign markets in pursuit of this strategy has bid up asset prices and foreign currencies, enabling speculators to pay off their U.S. positions in cheaper dollars, keeping for themselves the currency shift as well as the arbitrage interest-rate margin.
Is it a mystery why a six-pack of rightwingnuts, loonier and less qualified than the Wasilla quitter, are vying for Senate seats while the most principled Democrat, Russ Feingold, faces ruin? Hot-dogging prayer warriors sell better in off years than a modern philosopher king – all of two years after Democrats supposedly routed wrong-way Bush and demon Cheney.
What an irony if the GOP Demolition Party thrives from the very horrendous recession its own self-serving, tax-giveaway, budget-busting wars fomented. Not only is this season’s nasty spawn of Palinistas riding roughshod, I see few progressive antidotes – not one, new, significant, emerging leftwing candidate who champions reason over politics as goon show.
There’s a revolution underway in South America, but most of the world doesn’t know it. Oliver Stone sets out on a road trip across five countries to explore the social and political movements as well as the mainstream media’s misperception of South America while interviewing seven of its elected presidents. In casual conversations with Presidents Hugo Chavez (Venezuela), Evo Morales (Bolivia), Lula da Silva (Brazil), Cristina Kirchner (Argentina), as well as her husband and ex-President Nestor Kirchner, Fernando Lugo (Paraguay), Rafael Correa (Ecuador), and Raul Castro (Cuba), Stone gains unprecedented access and sheds new light upon the exciting transformations in the region.
The first of what we hope will be many films to appear on this site is Capitalism & Other Kids’ Stuff. It was made by four socialists on one freezing Saturday afternoon in a church hall at Hebburn in the north east of England.