“Quantitative easing” was supposed to be an emergency measure. The Federal Reserve “eased” shrinkage in the money supply due to the 2008-09 credit crisis by pumping out trillions of dollars in new bank reserves. After the crisis, the presumption was that the Fed would “normalize” conditions by sopping up the excess reserves through “quantitative tightening” (QT) – raising interest rates and selling the securities it had bought with new reserves back into the market.
RT America on Feb 19, 2019
As US politicians are putting rhetoric against Venezuelan President Nicolas Maduro into high gear, US President Donald Trump gave a speech in Miami calling for Maduro to step down and for an end to socialism in Latin America. RT America’s Manila Chan interviews political analyst Jim Kavanagh to discuss why he considers the Trump administration’s attacks on Maduro as nothing more than “overt imperialism.”
RT America on Feb 18, 2019
Attorney and author Kevin Zeese joins News.Views.Hughes to argue that calls for regime-change in Venezuela constitute a US push to seize Venezuelans’ natural resources and that President Nicolas Maduro has the support of the Venezuelan people, that economic sanctions and a global drop in oil prices are behind the country’s economic problems and that “the people of Venezuela oppose US domination.”
An interview on Sputnik News – January 23rd.
Professor Hudson, in January you warned in Berlin at the Rosa Luxemburg Conference, about the still “dangerous” US financial imperialism. The US uses “financial weapons”, you said. Can you explain that briefly?
Here’s the bullet-point version:
- It’s imperialism.
- It’s American imperialism, a bipartisan national project.
- American imperialism is the global management of capitalist class power.
- It’s a binary situation in which one side or the other will win via the use and threat of armed force.
- It’s trouble for Venezuela and for imperialism.
- There’s no such thing as Progressive Except Imperialism.
Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof. Stephanie Kelton says the government actually creates money when it spends. The real limit on spending is not an artificially imposed debt ceiling but a lack of labor and materials to do the work, leading to generalized price inflation. Only when that real ceiling is hit does the money need to be taxed back, and then not to fund government spending but to shrink the money supply in an economy that has run out of resources to put the extra money to work.
The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its sponsorship and funding of violent regime change wars against Venezuela and Syria – and threatening other countries with sanctions if they do not join this crusade – is now driving European and other nations to create their alternative financial institutions.
goingundergroundRT on Jan 28, 2019
Afshin Rattansi speaks to Eva Golinger about the US’ ongoing attempts at regime change in Venezuela to replace President Nicolas Maduro with Juan Guaido. She discusses the history of US regime change in Veneuela and Latin America, the Maduro premiership and attitudes in Venezuela.
Updated: Feb. 10, 2019 and Feb. 12, 2019
The Green New Deal endorsed by Alexandria Ocasio-Cortez and more than 40 other US Representatives has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it, but taxing the rich is not what the Green New Deal resolution proposes. It says funding will come primarily from certain public agencies, including the Federal Reserve and “a new public bank or system of regional and specialized public banks.”
Venezuela coup attempt: Trump won’t rule out military response
RT on Jan 24, 2019
Donald Trump officially recognised the opposition leader, Juan Guaido, as Venezuela’s interim president. Venezuela’s president, Nicolas Maduro, has severed diplomatic ties with the U.S., accusing it of trying to stage a coup in his country.
leftymathprof on Mar 12, 2019
The world is falling apart, and reforms won’t suffice. “End capitalism” is a good start, but ultimately too simple an explanation. We need to end hierarchy and property, because they concentrate power, which corrupts. Separate property requires markets, which cause increasing inequality, alienation, and externalities. The externalities include war, poverty, and climate change. Climate change will kill us all soon if continued.
with Chris Hedges
RT America on Jan 12, 2019
Societies are held together by a web of social bonds that give individuals a sense of being part of a collective and engaged in a project larger than the self. The shattering of these bonds plunges individuals into deep psychological distress that leads ultimately to acts of self-annihilation, according to sociologist Emile Durkheim. Few reporters have examined this anomie better than Charlie LeDuff, first in his book Detroit, and now in his latest book Shitshow: The Country’s Collapsing and the Ratings Are Great. LeDuff joins Chris Hedges in the studio.
with Chris Hedges
from KPFK on October 18, 2018
KPFK Speaker Series featured one of the most sought-after speakers of our time! Chris Hedges who spoke about his new book, America: The Farewell Tour, where he argues that neither political party, now captured by corporate power, addresses the systemic problem. A bitter cry reported from communities across the country, America: The Farewell Tour seeks to jolt us out of our complacency while there is still time.
TheRealNews on Dec 29, 2018
Prof. Robert Pollin and Michael Lighty discuss the findings of a new study by the Political Economy Research Institute at UMass Amherst. The study finds Medicare for All could reduce total healthcare spending by 10 percent, while creating stable access to good care and improving the health of all U.S. residents.