May 122019
 
 May 12, 2019  Posted by at 9:36 am Finance Tagged with: , , , , , , , , , , , ,


Robert Campin Portrait of a woman 1430-35

 

Brexit Party May Get More EU Election Votes Than Tories, Labour Combined (G.)
Fight To Replace PM May Complicating Brexit Talks – Labour’s McDonnell (R.)
Labour Would Trial Universal Basic Income If Elected – McDonnell (G.)
QE Party Over, Bank of Japan Stealth-Tapers Further (WS)
The World’s Dictatress (Hornberger)
Is America Ready for John Bolton’s War With Iran? (Ritter)
Iran’s Rouhani Warns Of Greater Hardship Than War Years Of 1980s (R.)
Guaido Seeks Pentagon Cooperation In Attempt To Take Power (AP)
Boeing Altered Key Switches In 737 MAX Cockpit (ST)
Assange’s Prison Conditions (Press Project)
American Mom Today 50% More Likely To Die In Childbirth Than Her Own Mother (AP)

 

 

“Poll surge for Farage sparks panic among Tories and Labour..”

Brexit Party May Get More EU Election Votes Than Tories, Labour Combined (G.)

Nigel Farage’s Brexit party is on course to secure more support at the European elections than the Tories and Labour combined, according to the latest Opinium poll for the Observer. In the most striking sign to date of surging support for Farage, the poll suggests more than a third of voters will back him on 23 May. It puts his party on 34% of the vote, with less than a fortnight before the election takes place. The poll suggests support for the Conservatives has collapsed amid the Brexit uncertainty, with Theresa May’s party on just 11%. Labour is a distant second, on 21%. The Lib Dems perform the best of any of the openly anti-Brexit parties, one point ahead of the Tories on 12% of the vote.

With the Brexit party securing more than three times the level of support for the Tories, the poll confirms the concerns of senior Conservatives that it is haemorrhaging support as Brexit remains unresolved. Just a fortnight ago, the Brexit party was neck-and-neck with Labour on 28%. Now it has a 13-point lead over Jeremy Corbyn’s party. The Conservatives are now only narrowly ahead of the Brexit party when voters are asked who they would vote for at a general election. The Tories are on 22% support, down 4% on a fortnight ago, with the Brexit party on 21% backing. Labour leads on 28%, but is down five points on the last poll.

Read more …

“The problem they have is that literally in front of us they will fall out,” he told the Sunday Mirror. “So the exercise here is holding themselves together. And that is proving impossible. The administration is falling apart.”

Fight To Replace PM May Complicating Brexit Talks – Labour’s McDonnell (R.)

The battle among leading Conservatives to replace Theresa May as prime minister threatens to derail talks with the Labour Party and the bid to find a Brexit compromise, Labour’s John McDonnell said. May, who has offered to quit if MPs accept her Brexit deal, opened cross-party talks with Jeremy Corbyn’s Labour Party more than a month ago after parliament rejected her European Union withdrawal deal three times. The talks with Labour are a last resort for May, whose party’s deep divisions over Brexit have so far stopped her getting approval for an exit agreement and left the world’s fifth largest economy in prolonged political limbo.


McDonnell, Labour’s financial spokesman and a member of the party’s negotiating team, said the situation was precarious. “The problem they have is that literally in front of us they will fall out,” he told the Sunday Mirror. “So the exercise here is holding themselves together. And that is proving impossible. The administration is falling apart.” In terms of progress, the second most powerful man in the Labour Party said nothing new had been put on the table, and in some cases the talks had gone backwards. “It’s so precarious. We’re dealing with an institution that might not be there in three weeks.” He said the talks had been made more difficult by May’s offer to resign because a new leader could rip up anything agreed by the current administration.

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Universal in Sheffield?

Labour Would Trial Universal Basic Income If Elected – McDonnell (G.)

Labour would trial universal basic income if it wins power, shadow chancellor John McDonnell has revealed. Pilot schemes would be held in Liverpool, Sheffield and the Midlands, McDonnell told the Mirror. The plan would do away with the need for welfare as every citizen would be given a fixed sum to cover the basics whether they are rich or poor, in work or unemployed. McDonnell said people can spend the money how they like, but it is intended for study, to set up a business or leave work to care for a loved one. “I’d like to see a northern and Midlands town in the pilot so we have a spread,” he said.

“I would like Liverpool – of course I would, I’m a Scouser – but Sheffield have really worked hard. I’ve been involved in their anti-poverty campaign and they’ve done a lot round the real living wage. I think those two cities would be ideal and somewhere in the Midlands.” Trials have been held elsewhere in the world, including Kenya, Finland and the US, as well as potentially being explored in four Scottish cities. The shadow chancellor was this week handed a feasibility report for different universal basic income (UBI) models for low-income areas, including one in which a whole community gets basic incomes.

All the means-tested benefits – apart from housing benefit – would be taken away and every adult would get a fixed amount per week, plus an additional amount for each child they have. “Of course it’s a radical idea,” McDonnell said. “But I can remember, when I was at the trade unions – campaigning for child benefit and that’s almost like UBI – you get a universal amount of money just based on having a child. “UBI shares that concept. It’s about winning the argument and getting the design right.” The concept has been around since at least the 1960s and was raised in the 1972 US presidential election, followed by the introduction of a UBI scheme called the Manitoba Basic Income Experiment in Canada in 1975.

[..] McDonnell is convinced of the benefits. “The reason we’re doing it is because the social security system has collapsed. We need a radical alternative and we’re going to examine that. “We’ll look at options, run the pilots and see if we can roll it out. If you look at the Finland pilot it says it didn’t do much in terms of employment but did in terms of wellbeing – things like health. It was quite remarkable. “The other thing it did was increase trust in politicians, which can’t be a bad thing.”

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But the central banks has become the whole economy..

QE Party Over, Bank of Japan Stealth-Tapers Further (WS)

Total assets on the balance sheet of the Bank of Japan at the end of April ticked up from March but were flat with the record in February: ¥562 trillion ($5.1 trillion). This amounts to a gigantic 102.2% of nominal GDP. But the BOJ has been tapering its asset purchases since peak QE at the end of 2016, and the growth has slowed to a snail’s pace, by Abenomics QE standards. Despite the BOJs repeated promises of adding ¥85 trillion to its balance sheet every year, the BOJ hasn’t done that since peak QE in 2016 when it added ¥93 trillion. The additions have consistently decreased since then. Over the 12 months through April, it has added merely €27 trillion, the lowest 12-month increase since early days of ramping up Abenomics in March 2013. This amounts to a stealth taper:

Meanwhile, the government of Japan has been borrowing and issuing new debt with reckless abandon, and the gross national debt outstanding has ballooned to ¥1.12 quadrillion, or 203% of nominal GDP (measured in yen). But no problem: the BOJ started buying every Japanese government security that wasn’t nailed down, with the government selling new securities to the banks, and the banks selling them to the BOJ for a small profit. In addition the BOJ mopped up what was coming on the market. The BOJ now holds 43% of all outstanding Japanese government securities, up from 25% in January 2015. These massive purchases of Japanese government securities, and to a lesser extent, the purchases of corporate bonds, equity ETFs, and Japan REITS, have created this enormous balance sheet, but note the flattening spot at the top, a result of the stealth taper:

The stealth taper has reached a level to where the assets added to the balance sheet are small enough that every third month, as long-term securities mature and roll off the balance sheet, the balance sheet shrinks. Then the next two months, the balance sheet gains:

To smoothen out this volatility of the balance sheet and delineate the trend of the stealth taper more clearly, I converted that above data of month-to-month change into a rolling three-month average. The addition in assets over the past six months was ¥1.7 trillion a month on average:

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John Quincy Adams. A bit wiser than Mike Pompeo.

The World’s Dictatress (Hornberger)

In his Fourth of July address to Congress in 1821, U.S. Secretary of State John Quincy Adams stated that if America were ever to abandon its founding foreign policy of non-interventionism, she would inevitably become the world’s “dictatress” and begin behaving accordingly. No can can deny that Adams’ prediction has come true. America has truly become the world’s dictatress — an arrogant, ruthless, brutal dictatress that brooks no dissent from anyone in the world. Now, I use the term “America” because that’s the term Adams used. In actuality, however, it’s not America that has become the world’s dictatress. It is the U.S. government that has become the world’s dictatress.

A good example of this phenomenon involves Meng Wanzhou, a Chinese citizen who serves as chief financial officer of the giant Chinese technology firm Huawei. Having been arrested by Canadian authorities and placed under house arrest, Meng is suffering the wrath of the world’s dictatress. What is her purported crime? That she violated U.S. sanctions against Iran. What do U.S. sanctions on Iran have to do with her? Exactly! She’s a Chinese citizen, not an American citizen. So, why is she being prosecuted by the U.S. government? Sanctions have become a standard tool of U.S. foreign policy. With the exception of libertarians, hardly anyone raises an eyebrow over their imposition and enforcement.

Their objective is to target foreign citizens with death, suffering, and economic privation as a way to bend their regime to the will of the U.S. dictratress and her brutal and ruthless agents. After all, what could be more brutal and ruthless than to target innocent people with death and impoverishment as a way to get to their government? Most foreign citizens have as little control over the actions of their government as individual American citizens have over the actions of their government. Where is the morality in targeting innocent people, especially as a way to achieve a political goal? Isn’t that why people condemn terrorism?

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“.. it is John Bolton, not Iran, who poses the greatest threat to American national security today.”

Is America Ready for John Bolton’s War With Iran? (Ritter)

The threat being promulgated by Bolton, CENTCOM, Pompeo, and the media ignores the reality that Iran has been preparing to strike American military forces in the Middle East for years as part of its efforts towards self-defense. Iran’s short-range ballistic missile capability is part of a larger missile threat that could, at a moment’s notice, blanket U.S. bases in the region with high explosives. Dispatching the Abraham Lincoln battle group and a B-52 task force to the Middle East is an act of theatrical bravado that will do nothing to change that. Iran’s missile force is, for the most part, mobile. The American experience in the Gulf War, and Saudi Arabia’s experience in Yemen, should underscore the reality that mobile relocatable targets such as Iran’s missile arsenal are virtually impossible to interdict through airpower.


By purposefully escalating tensions with Iran using manufactured intelligence about an all too real threat, Bolton is setting the country up for a war it is not prepared to fight and most likely cannot win. This point is driven home by the fact that Mike Pompeo has been recalled from his trip to participate in a National Security Council meeting where the Pentagon will lay out in stark detail the realities of a military conflict with Iran, including the high costs. (Hopefully, they’ll emphasize that Iran would win such a war simply by not losing—all they’d have to do is ride out any American attack.) That Israel is behind the scenes supplying the intelligence and motivation makes Bolton’s actions even more questionable. It shows that it is John Bolton, not Iran, who poses the greatest threat to American national security today.

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The US must still be smart enough to understand it can only lose.

Iran’s Rouhani Warns Of Greater Hardship Than War Years Of 1980s (R.)

Iran’s president, Hassan Rouhani, has called for unity among political factions to overcome conditions that he said may be harder than those during the 1980s war with Iraq, state media reported, as the country faces tightening US sanctions. Donald Trump on Thursday urged Iran’s leaders to talk with him about giving up their nuclear programme and said he could not rule out a military confrontation. The president increased economic and military pressure on Iran, moving to cut off all Iranian oil exports while beefing up the US navy and air force presence in the Gulf. Washington also approved a new deployment of Patriot missiles to the Middle East, a US official said on Friday.


“Today, it cannot be said whether conditions are better or worse than the (1980-88) war period,” Rouhani said, according to the state news agency IRNA. “But during the war we did not have a problem with our banks, oil sales or imports and exports, and there were only sanctions on arms purchases. “The pressures by enemies is a war unprecedented in the history of our Islamic revolution … but I do not despair and have great hope for the future and believe that we can move past these difficult conditions provided that we are united,” Rouhani told activists from various factions.

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“.. he reserves the right to invite foreign military actions in the way independence hero Simon Bolivar hired 5,000 British mercenaries to liberate South America from Spain. “:

Guaido Seeks Pentagon Cooperation In Attempt To Take Power (AP)

Venezuelan opposition leader Juan Guaido on Saturday said he has instructed his political envoy in Washington to immediately open relations with the US military, in an attempt to put more pressure on President Nicolás Maduro to resign. Guiado said he had asked Carlos Vecchio, who the US recognizes as ambassador, to open “direct communications” toward possible military “coordination”. The remarks, at the end of a rally, were Guaido’s strongest public plea yet for greater US involvement in the country’s fast-escalating crisis. While Guaido has repeatedly echoed comments from the Trump administration that “all options” for removing Maduro are on the table, few in the US or Venezuelan opposition view military action as likely. Nor has the White House indicated it is seriously considering such a move.


[Guaido] announced on Saturday a forthcoming meeting with US military officials and said new actions will seek to “achieve the necessary pressure” to put an end to the Bolivarian revolution launched 20 years ago by the late socialist president Hugo Chávez. Guaido has said that as Venezuela’s rightful leader he reserves the right to invite foreign military actions in the way independence hero Simon Bolivar hired 5,000 British mercenaries to liberate South America from Spain. He says any such help should be considered “cooperation” instead of intervention, something he has accused Maduro of allowing in the form of military and intelligence support from Cuba and Russia. [..] Noticeably diminished crowds at opposition protests reflect demoralization that has permeated Guaido’s supporters after he led a failed military uprising on 30 April. In previous months, thousands heeded his calls to protest. On Saturday, a modest crowd of several hundred gathered in Caracas.

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Lock ’em up.

Boeing Altered Key Switches In 737 MAX Cockpit (ST)

In the middle of Boeing 737 cockpits, sitting between the pilot seats, are two toggle switches that can immediately shut off power to the systems that control the angle of the plane’s horizontal tail. Those switches are critical in the event a malfunction causes movements that the pilots don’t want. And Boeing sees the toggles as a vital backstop to a new safety system on the 737 MAX – the Maneuvering Characteristics Augmentation System (MCAS) – which is suspected of repeatedly moving the horizontal tails on the Lion Air and Ethiopian Airlines flights that crashed and killed a total of 346 people. But as Boeing was transitioning from its 737 NG model to the 737 MAX, the company altered the labeling and the purpose of those two switches.

The functionality of the switches became more restrictive on the MAX than on previous models, closing out an option that could conceivably have helped the pilots in the Ethiopian Airlines flight regain control. Boeing declined to detail the specific functionality of the two switches. But after obtaining and reviewing flight manual documents, The Seattle Times found that the left switch on the 737 NG model is capable of deactivating the buttons on the yoke that pilots regularly press with their thumb to control the horizontal stabilizer. The right switch on the 737 NG was labeled “AUTO PILOT” and is capable of deactivating just the automated controls of the stabilizer. On the newer 737 MAX, according to documents reviewed by The Times, those two switches were changed to perform the same function – flipping either one of them would turn off all electric controls of the stabilizer.

That means there is no longer an option to turn off automated functions – such as MCAS – without also turning off the thumb buttons the pilots would normally use to control the stabilizer. Peter Lemme, a former Boeing flight-controls engineer who has been closely scrutinizing the MAX design and first raised questions about the switches on his blog, said he doesn’t understand why Boeing abandoned the old setup. He said if the company had maintained the switch design from the 737 NG, Boeing could have instructed pilots after the Lion Air crash last year to simply flip the “AUTO PILOT” switch to deactivate MCAS and continue flying with the normal trim buttons on the control wheel.

He said that would have saved the Ethiopian Airlines plane and the 157 people on board. “There’s no doubt in my mind that they would have been fine,” Lemme said.

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“..authorities have made clear to his visitors that, if they speak with the media about the conditions of Assange’s imprisonment, those conditions will only worsen.”

Assange’s Prison Conditions (Press Project)

ThePressProject has obtained exclusive information about Julian Assange’s prison conditions. According to that information, Assange appeared in court without having been granted prior counsel from an attorney. He has access to one book, the Bible, and is not permitted access to writing materials. He is being held in solitary confinement 23 hours a day and his visitors have been made aware that conditions will worsen if they are publicized. Assange has been held at Belmarsh Prison, a Category A (i.e. high security) facility since April 11.

Both Assange’s imprisonment at Belmarsh and his 50-week sentence have been condemned in a statement issued by the UN Working Group on Arbitrary Detention, which denounced the “disproportionate treatment imposed on Mr. Assange” and claimed that his “treatment appears to contravene the principles of necessity and proportionality envisaged by the human rights standards.” Following a visit to Assange in Belmarsh earlier this week, UN Special Rapporteur on torture Nils Melzer also expressed concerns that his rights were being violated. Assange is permitted one hour a day outside of solitary confinement, during which he is allowed to bathe, walk, and use a telephone. At this moment the attention of the international community is upon him, with calls being issued by the United Nations and expressions of support coming from all over the world.

Nevertheless, Assange was permitted to appear in court without prior counsel from an attorney; currently, his meetings with a lawyer are limited to three hours per week. Not only is he cut off from communication with the outside world, he is also not allowed access to books other than the Bible. Because he is not granted access to writing materials, he keeps notes in the margins of that Bible. Again, authorities have made clear to his visitors that, if they speak with the media about the conditions of Assange’s imprisonment, those conditions will only worsen. It is clear that, in this case of such an intense struggle against so unequal an opponent and with extradition to the United States a real possibility, the provision of a fair trial and access to adequate legal defense are a matter of life and death for the imprisoned Assange.

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I see a headline like this, I immediately think: obesity. But there’s more tragedy behind this.

American Mom Today 50% More Likely To Die In Childbirth Than Her Own Mother (AP)

Pregnancy-related deaths are rising in the United States and the main risk factor is being black, according to new reports that highlight racial disparities in care during and after childbirth. Black women, along with Native Americans and Alaska natives, are three times more likely to die before, during or after having a baby, and more than half of these deaths are preventable, Tuesday’s report from the Centers for Disease Control and Prevention concludes. Although these deaths are rare — about 700 a year — they have been rising for decades. “An American mom today is 50% more likely to die in childbirth than her own mother was,” said Dr. Neel Shah, a Harvard Medical School obstetrician.


Separately, the American College of Obstetricians and Gynecologists released new guidelines saying being black is the greatest risk factor for these deaths. The guidelines say women should have a comprehensive heart-risk evaluation 12 weeks after delivery, but up to 40% of women don’t return for that visit and payment issues may be one reason. Bleeding and infections used to cause most pregnancy-related deaths, but heart-related problems do now. The CDC report found that about one third of maternal deaths happened during pregnancy, a third were during or within a week of birth, and the rest were up to a year later. Globally, maternal mortality fell about 44% between 1990 and 2015, according to the World Health Organization. But the U.S. is out of step: Moms die in about 17 out of every 100,000 U.S. births each year, up from 12 per 100,000 a quarter century ago.

Read more …

 

 

 

 

Home Forums Debt Rattle May 12 2019

This topic contains 16 replies, has 9 voices, and was last updated by  V. Arnold 7 months ago.

Viewing 17 posts - 1 through 17 (of 17 total)
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  • #47328

    Robert Campin Portrait of a woman 1430-35   • Brexit Party May Get More EU Election Votes Than Tories, Labour Combined (G.) • Fight To Replace PM
    [See the full post at: Debt Rattle May 12 2019]

    #47329

    V. Arnold
    Participant

    Robert Campin Portrait of a woman 1430-35

    Knocked my sox off; the eye of the artist (Campin) misses nothing; exquisite detail.
    Wow, just wow…………

    #47330

    And that over 200 years before Rembrandt

    #47331

    V. Arnold
    Participant

    And that over 200 years before Rembrandt

    Indeed it is, and with none of the intrigues…
    At least none that we know of… 😉

    #47332

    Dr. D
    Participant

    “Labour Would Trial Universal Basic Income If Elected – McDonnell (G.)”

    Okay, great. WHY was it withdrawn in Manitoba, why is it being removed and not extended in the recent tests in Finland(?) and Canada? Why has Social Security collapsed? If you guys haven’t run a successful program – no food for the poor, the National Health is failing, what makes you think running another NEW program, by the same people with the same money, will be any different?

    To me, it’s easy: You’re all on an island, and, as described and occurred way back when, you have 20% or more of the good, active people not working. So who is going to do the work of getting food, keeping up houses, and taking care of people? Nobody, because that critical slice you need is now idle. Just as described by Mises and Fekete a generation ago, and proven every day since, as they intervened and “helped the poor” LAST time, breaking the gold standard after 1919 and into economy-wide manipulation. But now you’re going to pay them to be MORE idle, and with LESS work happening, and more will get fixed, more will get done? And with WHAT money?

    So you’re on an island that has 30 (million) people, and has 30 (million) pounds each. Great! So when you still have 30 people, 5 of which aren’t helping, and add 10 new pounds per pocket, what happens to prices? That’s right, almost immediately, inflation rises 30%, erasing all the “gains”, all the “money”, the “help” you just gave. In the meantime what happens? Anyone NOT in the Soviet UBI system, who doesn’t want to be tracked, beholden to the government, can’t, because with 30% inflation, they will starve. Now the government has MORE control, life and death, against the rabble-rousing Robinsons and Benjamins of the world. Shut them off accidentally for being mouthy, and we have a feudal status quo of rich and poor that can never change. JUST LIKE THE SOVIET SYSTEM, of huge Dachas and shopping trips to Geneva for the important, right kind of people, the party members, and a single pair of shoes and a turnip for everybody else.

    But apparently we never learn.

    Remove the govenment-created obstacles that are preventing the 20% from being helpful, and the men will be free and not need expensive, hyper-controlling ‘help.’ The Dolores Umbridge of aid.

    “The World’s Dictatress (Hornberger)”

    It’s like they’re reading my mail. This is dead-on the Monroe Doctrine thing yesterday. Yeah, DON’T INTERVENE. It’s gotten the easiest way to tell the good guys from the bad guys. Do not Covet. Do not Murder. Is that too hard?

    “Is America Ready for John Bolton’s War With Iran? (Ritter)”

    My bet is, America isn’t, so Bolton isn’t. Besides, we couldn’t beat Iran anyway. Or at least not without semi-full mobilization, and THAT won’t happen. They can’t keep the citizens quiet and the barracks full even without a stupid war the citizens voted – AGAIN! – not to have.

    Again, my theory is that Iran has a Deep State, similar to ours, and that’s the part he’s trying to put pressure on. Knocking them out in the ‘accidentally collapsing’ nuclear bunkers is why Kim was happy to see and sign with Trump, and why they keep talking a non-sequitor of “Cuba” in Venezuela. They don’t want a nation or a government, they want to excise just a piece of it, but that’s very, very hard. Look how hard it is here, and the executive is trying to act, with the people on his side. (+45% support, and possible to reach 50%, with approval rising in the black community as well)

    “Guaido Seeks Pentagon Cooperation in Attempt to Take Power (AP)”

    So what has Guiado done? Pushed Maduro into the Russian protectorship and revealed the traitors. Sounds like they’re winning? Or losing? Sounds like Trump is helping Maduro, stabilizing it and setting it up for a deal we can agree to. At Putin’s desk. Don’t look at what they say, look at what’s actually happening, and how predictable the outcome was from the start to everyone but Bolton.

    50 weeks in solitary for jumping minor bail. Oh, and as a foreigner, a guest. But of course, because you’re either for the King and status quo, or we kill you in the streets. That’s the Soviet we are installing the last pieces of, the (democratic) Socialism. Like 100 times before.

    #47333

    About UBI: I think it’s inevitable. Wait till pension systems implode en masse. “Get grandma back to work” may not be the greatest slogan of all time. Grandma”s severely demented.

    Also, it doesn’t appear to make people idler or work less. Third: hinting at Soviet-style tracking may not be all that relevant given that the most tracked people ever live in our neck of the woods (and China, where there’s no UBI either).

    What I don’t like is they call an experiment in Manitoba “universal”. Never been in all my years in Canada, but I bet it is not that. Money only for the poor, or only in one town -or even country, though that’s much more like it-, call it what you want, but don’t call it universal.

    Only forgiving student debt, as Liz Warren wants, would seem a dead end too. What about those not lucky enough to study, what about their debts? And, again, what about grandma?

    #47334

    V. Arnold
    Participant

    Jubilee; as old as civilization; but not the present one world order…

    #47335

    tabarnick
    Participant

    The results of the Finnish experiment were that UBI had basically no effect on getting the unemployed to work. And that it cost the state significantly more (42% more).

    #47336

    tabarnick
    Participant

    I am outraged by the way the reports blame race, when in the article, it’s clear the killer is heart problems, striking during pregnancy, or up to a year after birth. It’s not being black that is the problem, it is being obese and poor.

    In 2015, African American women were 60 percent more likely to be obese than non-Hispanic white women (56.5% of them were).

    #47337

    UBI should have nothing to do with getting unemployed into paid jobs, I would think. Much more with allowing people to do things that they don’t get paid for, elderly care, social work, creative things. Beats bullshit jobs.

    Biggest issue with UBI I think is globalization. If all your stimulus disappears abroad through imports, hard to see how it can last long. If it remains within your economy, you’re fine.

    #47338

    zerosum
    Participant

    Why are those peoples with the solutions and answers to our social/economic problems not the people in charge of implementing the proposed solutions and answers?

    Don’t look! Changes are happening without our input.

    A new attractor is gaining predominance.

    https://www.merriam-webster.com/dictionary/strange%20attractor

    Definition of strange attractor
    mathematics
    : the state of a mathematically chaotic system toward which the system trends : the attractor of a mathematically chaotic system
    Unlike the randomness generated by a system with many variables, chaos has its own pattern, a peculiar kind of order. This pattern is known whimsically as a strange attractor, because the chaotic system seems to be strangely attracted to an ideal behavior.

    #47339

    Polder Dweller
    Participant

    John Quincy Adams. A bit wiser than Mike Pompeo.

    A bit wiser? I reckon there are baloney sandwiches that are wiser than Mike Pompeo.

    #47340

    Just a tad

    #47341

    PlanetaryCitizen
    Participant

    RE: Bolton, Pompeo, & Shanahan and their actions. The real question is, Where does the buck stop? Bolton was a known quantity before he was appointed and as the article states, has no command authority. That Israeli intelligence is behind the motivation is not a good sign either and indicates in my mind that Pence is involved, not to mention Jared Kushner. If it’s true that Trump doesn’t want war, and that’s a mighty big IF, then this is truly one of the most pathetic examples of Executive Branch governance in modern history.

    Had people listened to Scott Ritter in the run up to the Iraq War, as well as the State Department at the time, we would not be where we are today in the middle east. Both Ritter and the State Department knew there were no WMD in Iraq and so stated. Cheney was the big mover and shaker for war then and I would not be surprised if Pence is now as well. He’s just a lot more low key about it given his likely Presidential aspirations. Cheney had no such desires.

    In case anyone hadn’t figured out where the buck stops (see Truman), it stops at the top, ie. TRUMP! In spite of whether you can drag him away from Fox & Friends, Hannity, and his tweet rages or not.

    #47342

    Maxwell Quest
    Participant

    “Brexit Party May Get More EU Election Votes Than Tories, Labour Combined (G.)”

    Uh oh, there’s that populism thing cropping up again with the unwashed masses wanting some control over their lives. Better send Obama back over to the UK to preach about the joys of the EU and globalization… that should do the trick.

    “Labour Would Trial Universal Basic Income If Elected – McDonnell (G.)”
    “QE Party Over, Bank of Japan Stealth-Tapers Further (WS)”

    It’s all part of the same problem, globalization has shipped all manufacturing overseas to reduce costs and increase profits, while enormous multi-nationals squeeze small competitors until they cry uncle and agree to the buyout or go bankrupt. And while we’re at it, let’s open the borders to flood the low-wage market with excess labor; and to keep white collar wages depressed as well, import as many engineers and other professionals using the H1-B Visa scam.

    Which brings us right back to the resurgence of populism nipping at the heels of the status quo. What to do? That’s easy, just outlaw recessions by having all the central banks take over the markets. Of course, this has many nasty side effects, like casino capitalism with its fraud and many mal-investments, driving home prices and rents out of reach, stoking inflation, and exacerbating wealth inequality.

    If you were living on fumes before, now you’re really screwed! Using some of their Apple stock, the Gen-Xers down the block just bought a new Porche and are having the kitchen remodeled for the second time in ten years, while you are working three McJobs, can’t afford health insurance, or replace the bald tires on your Honda Civic. This won’t end well!

    #47343

    VietnamVet
    Participant

    Every post today highlights that the continued transfer of wealth to the rich has reached the point of no return. The incompetence is so total that society is falling apart. In each instance there is a scapegoat; Russia, Islamic Republic of Iran, China, Blacks, the Obese, Poor, or Addicts. Blaming the victim covers up the real cause, corporate criminals stealing everyone else’s money because they can. What Boeing did was simple. The CEOs increased shareholder value by $235 billion and killed 346 people as a result. No different than the over 500,000 people killed in the Global War on Terror in order to make a profit on the $6 trillion spent.

    This divorce from reality assures the next Crash will be civilization itself. Ask yourself how did true believers become the Vice President and Secretary of State or a psychopath the National Security Advisor. The majority of Americans are under stress just like the Sunnis in the Levant who were kicked out of power by the Iraq invasion. Both societies retreated back into their tribal beliefs. The consequences for both are horrific. Except, Civil Wars with air power destroying cities wholesale so far has been limited in Serbia and Ukraine in the West.

    #47344

    V. Arnold
    Participant

    Ask yourself how did true believers become the Vice President and Secretary of State or a psychopath the National Security Advisor.

    Well, you mostly answered your own question.
    I have to go back to November 22, 1963 as the overt beginnings of what had been going on covertly, since the end of WWII.
    George Kennan’s paper explains a lot:

    Memo by George Kennan, Head of the US State Department Policy Planning Staff. Written February 28, 1948, Declassified June 17, 1974. George Kennan, “Review of Current Trends, U.S. Foreign Policy, Policy Planning Staff, PPS No. 23. Top Secret. Included in the U.S. Department of State, Foreign Relations of the United States, 1948, volume 1, part 2 (Washington DC Government Printing Office, 1976), 509-529.

    I would strongly suggest giving that a read. A quick search will bring up the entire memo.
    Our cultivated ignorance has cost us dearly…

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