A central bank-financed UBI can fill the debt gap, providing a vital safety net while preventing cyclical recessions.
When the World Health Organization announced on February 24th that it was time to prepare for a global pandemic, the stock market plummeted. Over the following week, the Dow Jones Industrial Average dropped by more than 3,500 points or over 10%. In an attempt to contain the damage, on March 3rd the Federal Reserve slashed the fed funds rate from 1.5% to 1.0%, in their first emergency rate move and biggest one-time cut since the 2008 financial crisis. But rather than reassuring investors, the move fueled another panic sell-off.
with Chris Hedges
RT America on Nov 16, 2019
Chris Hedges talks to author Stephen Kinzer about the CIA’s quest for mind control through its experiments in drug and torture during the 1950s and 1960s, both domestically and internationally. Kinzer’s new book is titled Poisoner in Chief: Sidney Gottlieb and the CIA Search for Mind Control.
This 10-page paper was written for the Economics of Happiness Conference co-sponsored by Local Futures, held in Jeonju, Korea, on October 16-17, where I was the keynote speaker — a wonderful city and great experience!
Satisfaction in the workplace is a major component of the “happiness” index; but it is a satisfaction that young people joining the workforce today are not feeling. In a 2017 book titled Kids These Days: Human Capital and the Making of Millennials, Malcolm Harris asks why the millennial generation – those born between 1981 and 1996 – are so burned out. His answer is, “the economy.” Millennials are bearing the brunt of the economic damage wrought by late 20thcentury capitalism, with economic insecurities throwing them into a state of perpetual panic. Harris argues that if they want to meaningfully improve their lives and the lives of future generations, they will have to overthrow the system and rewrite the social contract.
Ed Mays on Aug 12, 2019
David Swanson gave this keynote address to a gathering of peace activists at the annual Ground Zero Hiroshima/Nagasaki Weekend marking the 74th Anniversary of Hiroshima and Nagasaki Atomic Bombing. The Ground Zero Center for Nonviolent Action in Poulsbo WA was established in 1977, just as the Bangor Trident Submarine Base was being built, and sits on land directly adjacent to the base. The actual keynote title was: “The Myths, the Silence, and the Propaganda That Keep Nuclear Weapons in Existence.”
The Democratic Party has clearly swung to the progressive left, with candidates in the first round of presidential debates coming up with one program after another to help the poor, the disadvantaged and the struggling middle class. Proposals ranged from a Universal Basic Income to Medicare for All to a Green New Deal to student debt forgiveness and free college tuition. The problem, as Stuart Varney observed on FOX Business, was that no one had a viable way to pay for it all without raising taxes or taking from other programs, a hard sell to voters. If robbing Peter to pay Paul is the only alternative, the proposals will go the way of Trump’s trillion dollar infrastructure bill for lack of funding.
Updated: May 21, 2019
To say the US conducts “foreign policy” is patently a misnomer. US policy is nothing short of low-intensity warfare against the whole planet. Its “foreign policy” is nothing more than a continuous program of psychological operations.
The unproven allegation that the Russian government helped us find out how the DNC was screwing Bernie Sanders with his pants on is not actually a moral, legal, or practical reason to launch a spree of mass-killing of innocents, which is what every war since WWII has been.
Let’s put some context into North Korea’s decision to keep on testing missiles in the face of U.S. threats.
First, the DPRK felt provoked by South Korea’s decision to further deploy THAAD, reported on August 20, 2017 in China’s Xinhua news article, “DPRK slams ROK’s decision to deploy additional THAAD launch pads.” From Pyongyang, “The Democratic People’s Republic of Korea (DPRK) on Sunday slammed the Republic of Korea’s decision to deploy four additional launch pads of the Terminal High Altitude Areas Defense (THAAD) system under alleged threat from DPRK missiles.”
This video may contain images depicting the reality and horror of war/violence and should only be viewed by a mature audience.
Originally published July 21, 2007
with John Pilger
John Pilger looks at world-wide propaganda surrounding the nuclear arms race.
Remarks at Hiroshima-Nagasaki Commemoration at Peace Garden at Lake Harriet, Minneapolis, Minn., Aug. 6, 2017
Thank you for inviting me to speak here. I’m grateful and honored, but it is not an easy task. I’ve spoken on television and to large crowds and to important big shots, but here you are asking me to speak to hundreds of thousands of ghosts and billions of ghosts in waiting. To think about this subject wisely we must keep all of them in mind, as well as those who tried to prevent Hiroshima and Nagasaki, those who survived, those who reported, those who forced themselves to remember over and over in order to educate others.
The United States has killed, maimed, displaced, and otherwise harmed an astonishing number of people in its 241-year record of murder and mayhem – including more than 20 million killed in 37 nations since 1945.
Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too.
Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it, year after year.