“This notion that the Pentagon is a humanitarian rescue organization that goes around the world saving people is a fiction. And how many more times are we going to fall for this?”
Law of Value 1: Intro (Addendum)
brendanmcooney | April 27, 2010
This is a brief Addendum to the Introduction to my Law of Value video series. It gives some advice on how to watch these videos, cautioning to think critically about the way we contextualize information online.
“Professor Michael Hudson discusses the globalisation fallout as new trading blocs distance themselves from US dollar denominated trade. Will the US be able to maintain its imperialist tendencies in light of these trends? How much further can the rentiers push their free-for-all? The show finishes with an overview of Michael’s new book And forgive them our debts.
“At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.”
- There is no such thing as “taxpayer money.”
- Taxes do not pay for government spending. (Nor does debt. No revenue is needed.)
- Leftists who continue to talk as if “taxpayer dollars” must be collected to “pay for” government programs are undermining Medicare-for-all and every other progressive policy initiative.
Updated: Sept. 19, 2018
Wall Street did not let the Lehman Brothers crisis go to waste. The banks that have paid the largest fines for financial fraud are now much bigger and more profitable. The victims of their junk mortgage loans are poorer, and the economy is facing debt deflation.
with Chris Hedges
RT America on Sep 15, 2018
In a conversation about his new book America: The Farewell Tour, Chris Hedges tells journalist, Hugh Hamilton, the country’s institutions and practices rooted in an economic system of capitalism, are unraveling while also making a call for action. Two-part interview.
Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in a game of their own.
“Capitalism keeps us in a state of panic. Most of us are just one medical bill away from bankruptcy. It keeps us overworked and underpaid so we don’t have time to question its dominance over our lives. It takes the fruits produced by the many and gives them to the few. Concentrated wealth means concentrated power, concentrated power means less democracy, less democracy means less freedom, and less freedom means you are reduced to a precarious life of servitude.” — The Anti-Social Socialist
It’s Labor Day, and that means millions of Americans are celebrating. Most Americans have no idea what Labor Day is, other than self-serving political speeches, hot dogs, burgers, a pool party, and the last day of a three-day holiday. Few even know that Labor Day exists to allow people to remember and honor the struggles for respect, dignity, and acceptable wages and working conditions for the rank-and-file employees.
Updated: Aug. 20, 2018
with Chris Hedges
Originally on RT America on Aug 18, 2018
Conscious on Aug 19, 2018
Nomi Prins, journalist and author of Collusion: How Central Bankers Rigged the World, talks to journalist Chris Hedges about how central bankers “overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks and balances.”
Global University for Sustainability on Jul 11, 2018
The interview with Professor Michael Hudson was conducted on 7 May 2018 in Beijing, by Professor Lau Kin Chi and Professor Sit Tsui Jade. Professor Hudson talked about his formative years, and his turn to economics from music as he found his mentor Terence McCarthy’s speech about economics beautiful and aesthetic. He recalled his experiences in research and teaching, and the background leading to his writing the many books on imperialism, balance of payment, history of debt, and fictitious capital. The interview was edited by George Lee, and produced by the Global University for Sustainability, July 2018.
Obama Joins Club of the Super-Rich – Defends Global Capitalism in Lecture (1/2)
TheRealNews on Jul 29, 2018
Prof. Leo Panitch and Paul Jay discuss Obama’s Mandela lecture; Obama wants the impossible – a world where the super-rich give up “a little” and there is no massive inequality.