Debt Rattle June 27 2019
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Pablo Picasso The rescue 1936 • Facebook May Pose a Greater Danger Than Wall Street (TD) • Trump Praising Stock Market Is Like Bush Praising Ho
[See the full post at: Debt Rattle June 27 2019]Greer, the Archdruid, on Iran:
“my guess is that Trump and Iranian head of state Khamenei are playing a complex game of bluff to satisfy the war parties in their respective governments without actually getting into a war that both sides can only lose. Both sides threaten, both sides pound the bejesus out of proxies, both sides crank out the bellicose rhetoric, and then Trump tips his hand by letting the rest of the world know that the US isn’t going to do tanker escort for free indefinitely. India responds by sending a naval force, including a top-of-the-line ship armed with supersonic cruise missiles, to escort Indian-flagged vessels; that’s the wave of the future as the US postures loudly while quietly backing out of its overextended position. We’ll see how it plays out…”
the US isn’t going to do tanker escort for free indefinitely…..
Mercenary definition, working or acting merely for money or other reward
What kind of payments or reward is the USA presently getting?
If it isn’t money then it must be POWER.Mothballing the USA navy, and air force will have a major impact on greenhouse gas emission.
Did you see the article about the WWII bomb buried in a corn field, that finally decide to self-destruct?
😉Second day of Dem debates and my bcc news send to 190 friends is blocked by algorithms again. It included that graphic of searches for Tulsi during the debate, and this…
http://www.johndayblog.com/2019/06/real-alternatives.html
This rare alternative view of another option of human life is worth putting first today.
Children don’t have to be stuck in a little screen all the time. They can be normal if they are born into a normal world.
Can we provide them a normal world?
If you ever wanted to see what the world might look like after the Tribulation, you could do worse than visit the Burren land on the Atlantic coast of Ireland…
…In the 1930s no one here had electricity or cars, no lights or radio, and people lived much the way they had in the 1830s, or for that matter the 1830s BC. Dersie Leonard, who grew up in the Burren then, later described how she and her childhood friends walked miles every day in all weather, barefoot and wearing clothes made from old flour sacks. Modern American kids, growing up in a cocoon of toys, clothes and Xboxes, would struggle to picture a more depressing existence.
Perhaps surprisingly, then, Leonard wrote joyfully about her early life, saying she and her friends had “lakes and rivers, good land and bad, bog and rocks, not to mention fairy rings and forts – in fact everything a person could wish for.” They spent their days exploring, playing games, singing and telling stories, immersed in the adventure of childhood, and she considered herself lucky to live as she had…
Relying only on local village schools, Ireland then had a literacy rate higher than the USA does now, and produced generations of celebrated novelists, poets and scholars. Even taking their poverty into account, and even without the advances of the last 50 years, their average health was still better than most Americans’ today. And they were much happier than modern people, both according to surveys at the time and the memories of people who lived through those days. They lived their lives and I didn’t, and I’m not going to tell them that they’re all wrong…
“We were real happy children, never bored,” said Jenny Buckley, who grew up in County Offaly in the 1930s. Most of the elders I interviewed said the same – their early years were filled with picking wildflowers and finding birds’ nests, climbing trees and looking under logs, swimming to islands or rowing boats, declaring themselves kings and queens of their domain, swearing eternal friendship, and engaging in the feral joy of a hunter-gatherer childhood.
Mind you, they had plenty of chores on their family homesteads — picking crops, caring for animals, all the other duties that kept their families fed. “Our farm kept us going; we bought nothing but tea, sugar, rice and sultanas,” she said. “Now our pocket money was that we had a hen each and collected her eggs and sold them.” I hear the same from many of my neighbours; by the time they hit the hormones of adolescence, they had already gained more business savvy and shouldered more responsibility than most 50-year-olds today.
https://restoringmayberry.blogspot.com/2019/06/a-different-kind-of-childhood.html I keep reading about how capitalism, which turns resources into refuse as a race against time, is not compatible with a healthy and sustainable ecology on the face of Planet Earth.
Did these very powerful capitalists not get that memo? What is their intention?
LONDON (Reuters) – Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week.
https://www.reuters.com/article/us-climatechange-investment-letter-exclu-idUSKCN1TQ31X What I am seeing of late is that the Climate Crisis is destroying environmentalism. What I consider real environmentalism. The Climate discourse is quickly being taken over by monied interests whose desire is to save capitalism before they save the planet. They fly (in jets, often private) to conferences in which avocados (or whatever) are flown in from California (or wherever). And there is aristocracy, literally, in attendance. It feels almost required. The British or Dutch Royals, if we’re talking carbon footprints, are tracking in with size 12 Florsheims– while the indigenous activists who toil and are persecuted in places such as Honduras, or Colombia, are not invited. They are of an other way of life, the life of actual concern for nature. These conferences are a kind of ceremonial environmentalism...
The new Climate Crisis…or Climate Emergency, feels increasingly distant from radical environmentalists of an earlier time. And I think part of the problem in wrapping one’s head around this crisis is that one has to tie together so many different topics. Fertility, mental health, dropping literacy, infrastructure neglect, pollution, militarism, Big Agra and Big Pharma, as well as digital technology and the psychology of contemporary westerners. A psychology mediated in huge part by lives increasingly spent staring at screens. And rather than expend the effort to actually connect these threads I find most people gravitate toward a simplistic and generalized position on the environment. And that position feels increasingly shaped by a marketing of fear...
I mean honestly, Coca Cola is going to help save the planet? If you only read the Global Shapers section you will arrive at a pretty clear idea of how this all works. My point is that once you have The Climate Reality Project, Coca-Cola, Salesforce, Procter and Gamble, Reliance Industries, Oando, GMR Group, Hanwha Energy Corporation, Rosamund Zander and Yara International *investing* in saving the planet, you know something is wrong...
The U.S. military hides statistics on its petroleum usage and its disposal of chemical waste, and of course the severe consequences of all the current ongoing U.S. wars (see Cholera in Yemen just for starters). The socio-political landscape is seeing the rise of global fascism as well as a continuing migration of wealth to the very top tier of the class hierarchy...
…Environmental destruction has been going on a long time. And the industrial revolution intensified the harm and civilization never looked back. The greenhouse emissions theory may or may not be completely true or accurate. But it also doesn’t matter, really. Society itself is unravelling. People are sick, depressed, even increasingly suicidal — and the U.S. seems to want to wage even more war. The madness of this is stupefying — and it again underscores the need for a political vision that begins with a platform that says STOP WAR. All war, all of it. That men like John Bolton or Mike Pompeo are in positions of authority, that such men can manipulate their power to create military conflict speaks to the utter and absolute depravity and decadence of the Capitalist system (of course in a wider sense Bolton and Pompeo are just following the mandate of the ruling class, something they learned and perfected long ago). Capitalism cannot survive. I have no idea if the planet can survive, but I suspect it will, though with rather substantial damage and suffering. But the hierarchical profit driven capitalist system cannot. The new feudalism is here, already, but its not sustainable.The Monkey’s Face. The Climate Crisis is Destroying “Real Environmentalism”
All national currencies are derivatives of the dollar. The dollar is a fiat currency ultimately based upon a growing economy with true productivity which is necessary to pay the interest on the debt used to produce the money (for those unschooled in how money is created — it is created by banks when debts are created). With the end of cheap oil, the economy can no longer grow sufficiently to support a debt-based fiat currency. Only Gold and Silver are money without counter-party risk (debt-based fiat). Gold bonds which pay interest in ounces of gold and tech-based schemes which allow more efficient gold holding and exchange by the masses will be what brings all this monetary madness to an end. An interested example of a tech-based gold holding system is Kinesis ( https://kinesis.money/en/ ) which has major corporate and national players involved such as the Indonesian postal system, one of the largest public bank type operations in the world. Libra would ultimately destroy all national currencies except the dollar which would also mean the dollar’s value would be reduced by its last 2% since 1913 to -0-. Then ultimately Libra would be valued against Gold and Silver anyway. Why give FB and other current large corporations such power during the phase out of dollar? Instead just let the people go directly to Gold and Silver as foundation money and let any National fiat remain currency, but efficiently valued against the metal. This way individuals, like nations can protect themselves against the vagaries of national trade imbalances the proven traditional way: Gold and Silver.
since 1952, household wealth has averaged 384% of the GDP, so the current bubble’s 535% figure is in rarefied territory.
Meanwhile, looking at the median household wealth (instead of the skewed average mentioned above), the current GDP per household (approx. $165k) is remarkably similar to the median household net worth, but only for the “White, not Hispanic” category ($163K).
Not surprising, the households in the “Hispanic (any race)” and “Black” categories fare much worse for median household wealth ($21K and $16K respectively).
The overall median household wealth is $97K which is only 59% of the GDP per household (a far cry from the 535% figure that results from looking at the average instead of the median).
https://www.pgpf.org/blog/2018/09/income-and-wealth-in-the-united-states-an-overview-of-data
Well writ; and I agree…
<<Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change>>
It occurs to me that if they are interested in the planet, they can spend a small fraction of their money to resolve the problem in less than a year.
Hence they are dumb, cowards, or they are interested in augmenting the pile of money, not in the planet.
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