It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. — Attributed to Henry Ford
In March 2014, the Bank of England let the cat out of the bag: money is just an IOU, and the banks are rolling in it. So wrote David Graeber in The Guardian the same month, referring to a BOE paper called “Money Creation in the Modern Economy.” The paper stated outright that most common assumptions of how banking works are simply wrong. The result, said Graeber, was to throw the entire theoretical basis for austerity out of the window.
Despite the Senate vote approving a measure to give President Obama fast-track authority to negotiate the secretive Trans-Pacific Partnership deal, opposition to the deal continues to mount ahead of this month’s House vote. Critics, including a number of Democratic lawmakers, oppose the TPP, saying it will fuel inequality, kill jobs, and undermine health, environmental and financial regulations. The negotiations have been secret, and the public has never seen most of the deal’s text. Well, this morning the whistleblowing group WikiLeaks launched a campaign to change that. The group is seeking to raise $100,000 to offer what they describe as a bounty for the leaking of the unseen chapters of the TPP. We speak to WikiLeaks founder Julian Assange. Continue reading →
The United States shall guarantee to every State in this Union a Republican Form of Government. — Article IV, Section 4, US Constitution
A republican form of government is one in which power resides in elected officials representing the citizens, and government leaders exercise power according to the rule of law. In The Federalist Papers, James Madison defined a republic as “a government which derives all its powers directly or indirectly from the great body of the people… .”
(ENG) An informational event was hosted by acTVism Munich at the Muffatwerk in Munich in which the significance and role of whistleblowers, the alternative media, activism and a host of other related issues were discussed.
democracynow – Senate Finance Committee leaders Republican Orrin Hatch and Democrat Ron Wyden are expected to introduce a “fast-track” trade promotion authority bill as early as this week that would give the president authority to negotiate the secretive Trans-Pacific Partnership trade deal and then present it to Congress for a yes-or-no vote, with no amendments allowed. On Wednesday, more than 1,000 labor union members rallied on Capitol Hill to call on Democrats to oppose “fast-track” authority. We speak with two people closely following the proposed legislation: Lori Wallach, director of Public Citizen’s Global Trade Watch, and Rep. Alan Grayson, a Democrat from Florida.
WikiLeaks releases today the “Investment Chapter” from the secret negotiations of the TPP (Trans-Pacific Partnership) agreement. The document adds to the previous WikiLeaks publications of the chapters for Intellectual Property Rights (November 2013) and the Environment (January 2014).
Internet privacy and net neutrality would become things of the past if the secret Trade In Services Agreement comes to fruition. And on this one, the secrecy exceeds even that shrouding the two better-known corporate giveaways, the Trans-Pacific and Transatlantic partnerships. Continue reading →
U.S. New Cold War policy has backfired – and created its worst nightmare
1. The world’s geopolitics, major trade patterns and military alliances have changed radically in the past month. Russia has re-oriented its gas and oil trade, and also its trade in military technology, away from Europe toward Eurasia. Continue reading →
Interview with Chris Hedges at The Earth at Risk 2014 Conference and the moral imperative of resistance thru non-violent direct action and mass movements of sustained civil disobedience to dismantle industrialized civilization.
How did Russia and the West slip back into what seems like the Cold War all over again? How dangerous is the current confrontation? Should the world be ready to face a nuclear war? World-famous academic, linguist, philosopher and political commentator Noam Chomsky is on Sophie&Co.
democracynow – While the two parties have plenty to fight about in the new Republican Congress, Mitch McConnell, the possible next Senate majority leader, says he shares common ground with the president on international trade. What does this mean for the Trans-Pacific Partnership (TPP)? We get analysis from Lori Wallach of Public Citizen’s Global Trade Watch, who notes that while some analysts say GOP gains will accelerate the passage of fast-track legislation in Congress to enable an agreement on the TPP, “it is kind of hard for the Republicans to voluntarily delegate more authority to the guy they’ve been attacking as the imperial president who grabs power that’s not his.” The controversial so-called free trade deal involves 12 countries and nearly 40 percent of the global economy. Trade ministers from the 12 countries negotiating the trade deal are due to meet in Beijing ahead of the Asia-Pacific economic summit next week to continue negotiations.
Social critic and peace activist Noam Chomsky is the most cited public intellectual of today.
His works in linguistics, philosophy and cognitive science have earned him the title the “father of modern linguistics”. His critical publications on mass media, politics and globalization have put him on the forefront of civil activism starting as anti-war activist in the 1960s and now as supporter of the Occupy movement.
Ralph Nader discusses his latest book, “Unstoppable: The Emerging Left-Right Alliance to Dismantle the Corporate State.” Nader highlights the common concerns shared by a wide swath of the American public, regardless of political orientation, including mass government surveillance, opposing nebulous free trade agreements, reforming the criminal justice system, and punishing criminal behavior on Wall Street. Nader also discusses the U.S. push for the sweeping Trans-Pacific Partnership trade pact, General Motors’ new bid to escape liability for its deadly ignition defect, the revived nuclear era under President Obama, and challenging U.S. militarism through the defense budget.