The story of several oligarchs pulling strings behind the scenes obscures the more relevant story of institutionalized hierarchical process that feels too similar to a Pyramid Scheme economy. Fascism may more nearly be the correct definition since the system is held in place less by persuasion and more by laws.
https://mronline.org/2022/08/26/inside-the-rights-historic-billion-dollar-dark-money-transfer/?utm_source=rss&utm_medium=rss&utm_campaign=inside-the-rights-historic-billion-dollar-dark-money-transfer&mc_cid=a257bf2d24&mc_eid=2833cdb99b –Editor’s note: This story was co-published with ProPublica, a nonprofit newsroom that investigates abuses of power.
An elderly, ultra-secretive Chicago businessman has given the largest known donation to a political advocacy group in U.S. history–worth $1.6 billion–and the recipient is one of the prime architects of conservatives’ efforts to reshape the American judicial system, including the Supreme Court.
–end of mronline info–
The stock market is supposed to provide a platform for the fair and orderly trading of instruments. Please……https://www.history.com/news/tulip-mania-financial-crash-holland–
“A golden bait hung temptingly out before the people, and one after the other, they rushed to the tulip-marts, like flies around a honey-pot,” wrote Mackay. “Nobles, citizens, farmers, mechanics, sea-men, footmen, maid-servants, even chimney-sweeps and old clothes-women, dabbled in tulips.”
“It’s a great story and the reason why it’s a great story is that it makes people look stupid,” says Goldgar, who laments that even a serious economist like John Kenneth Galbraith parroted Mackay’s account in A Short History of Financial Euphoria. “But the idea that tulip mania caused a big depression is completely untrue. As far as I can see, it caused no real effect on the economy whatsoever.”
–end of history info—-
Often considered as the stereotype of an ‘ol-boys club, another word that comes to mind is hysteria. To take seriously an idea of an orderly and fair platform to trade financial instruments could be helpful.
By the way, the point is well taken that the stock market is not the economy. However it seems to benefit hierarchy to connect the economy with the stock market in the same way it has benefited hierarchy to link democracy with capitalism. FACTually speaking, a point can be made that the stock market/economy link and the democracy/capitalism link are propaganda.
Jerome Powell informed the public this week that inflation needed to be addressed, and his vision was to raise interest rates. Several thoughts—
*Interest rates have been too low over decades, as monetary policy has been used in a manner that has made individual savings accounts that are safe, less attractive concerning visionary rate-of-return, than risky investing
*To force savers to chase higher ROR by investing in corporate instruments has been the result
*Corporations have used their often legislatively-promoted privilege to profit to contribute to political campaigns via Citizens United that seems to buy politicians into control compliant to corporate dictate
*An example is the transformation of Obama who chose to take PAC money to win his election, and seemed to do the bidding of the corporate world during the 2008 Financial Meltdown that was largely of their making
*Trade agreements were promoted by politicians in the R&D duopoly that encouraged sending US manufacturing and jobs overseas
*Foreign control of US products seem foolhardy, and is the construct of our politicians
*Jerome Powell said inflation could be attributable to supply and demand problems, which seem to have been manufactured by corporations and politicians collaborating, for example, within www.alec.org
Another curious anomaly is the outcry against forgiving student debt as the same didn’t happen in 2008 when taxpayers bailed out financial institutions. The reason that in 2022 the same financial institutions can’t be expected to bail out US taxpayers is beyond me.
Also, why has nobody noticed that the Trump tax cut for wealthy entities has been paid for by the Trump tariff? Please consider this payoff one more time—–
Please excuse duplication of information, but it is relevant due to the level of consequence. Consider the following on the topic of the double whammy of the Trump tax reduction for the wealthy coupled with the Trump tariff that predominantly impacted everyone else—-
We know what a tax cut implies, but how do tariffs work, and for what purpose?
Traditionally the most important implied reason for a tariff is to balance the import-export ratio in order that the USA brings in more money byway of exports than we transfer to foreign nations in imports. This was once a signal of the strength of the US economy. A few ideas—
*Globalism upended this system with no compensatory benefit to the US economy or consumers
*Globalism was a commercial tool that enabled world oligarchs to use low-income foreign workers in manufacturing in order to ship to the US, foreign-manufactured products
*The Obama/Biden Administration was manic in promoting trade agreements such as TPP, that included language that undermined human and environmental rights, and that promoted this system
*Since the US government had shipped US manufacturing to foreign nations, to use tariffs as traditionally applied has become nothing more than a tax on US consumers, it would seem; and the timing of each of the Trump tariff and Trump tax cut raises a question that one has paid for the other
Perhaps a question about this could be placed during a rally?..——–end of boring but apparently essential duplication of information——-
One suspects both the Democratic Base and Republican Base pays attention to that which their “team leader” tells you too.
Another seldom-discussed FACT is that money in politics is corruption. Citizens United is the testimony..
****As one who would be perfectly contented to retain the Senate if they adhered to Oaths of Office more than to Citizens United campaign donations, one is interested in a topic raised as to the reason we maintain the US Senate—-
This is a reminder of how much we don’t know. This brings one around to Howie Hawkins, who continues to impress with original thought. We also could acknowledge Hawkins often speaks to censored information.
One such topic about which one would never have even considered, is whether the USA needs The Senate. Apparently The Senate is little other than expensive window dressing, promoting hierarchical interests, and too often placed in positions of power by big-money via Citizens United. But the public gets to fund this curiosity of pompous supremacy. Who knew?
The Democratic Branch of the Republican/Democratic Duopoly are especially functional in voter suppression—–https://www.youtube.com/watch?v=BNbdkuU1edw —#GreenSocialist Notes #76
Howie Hawkins brings up the concept of whether the USA needs the Senate. Apparently according to some people, the Senate isn’t necessary. This brings up the blockage from the Senate of many bills that would benefit We The People. Combined with Citizens United that promotes big-money interest choice of Senators, in which laws are passed that benefit big-money interest rather than We The People, and that We The People support economically, the members of the Senate, this seems a good topic for discussion.
The US Constitution doesn’t seem to sanction elections run by political Parties, and to permit control of political debates by political Parties seems equally corrupt. https://www.youtube.com/watch?v=xQ7kn2-GEmM —
Ross Perot in 1992 on NAFTA and the “Giant Sucking Sound”
Centralization is the lifeblood of the R&D duopoly. It’s the way to enforce capitalism onto workers in 2022.———————–We can do better———-
That “we are a 2-Party system” is a fabrication of the Republican/Democratic duopoly and spread by MSM. In FACT the majority of voters aren’t either registered Democratic or Republican. The censorship about this info must be envied by bureaucrats of the Former USSR and their simplistic style of 1-Party elections.
Regardless of which character sits in the Oval Office, We The People have work to do to maintain principles of our democratic (small d) Constitutional republic. Several items to challenge—*We need the integrity of ranked-choice voting so voters won’t feel compelled to “hold your nose and vote”*Censored debates must be stopped. The Democratic/Republican duopoly pretends to legitimate debates in what is nothing other than another campaign show. Independent debates run by uninterested sponsors such as The League of Women Voters, must be restored. (Access www.debates.org to understand the extent of duopoly control). The so-called Debate Commission is a corporation to promote the Democratic corporation and Republican corporation, not to inform We The People*Challenge and stop gerrymandering that is a trick especially of the Republican branch of the duopoly.*Stop voter suppression by political Parties, and especially confront and stop Party suppression, which is the over-arching approach to voter suppression. Party suppression seems to have been the responsibility of the Democratic corporation*Promote by law ranked-choice voting, so we won’t be told again, by D&R duopoly, to “hold your nose and vote”
If these issues are handled, our next elections can be honorable.
*******************************************************************https://news.gallup.com/poll/15370/party-affiliation.aspx—-Political Party affiliation of voters.
https://www.lwv.org/newsroom/press-releases/league-refuses-help-perpetrate-fraud–LEAGUE REFUSES TO “HELP PERPETRATE A FRAUD”
WITHDRAWS SUPPORT FROM FINAL PRESIDENTIAL DEBATE–end of lwv info–Murray Bookchin, who founded social ecology, a theory that strongly influenced early Green Socialist thought, strongly advocated the discussion and study group as the first step of any revolutionary movement. A group of individuals meets to expand their knowledge of radical thought and form a radical intellectual community; through the give and take of discussion, can eventually form ideas for next steps in organizing and political activity. According to Bookchin, study groups help create solidarity and a shared language — with a shared coherent vision — for building a mass, organizing, political movement!
Along with Climate Change, many people oppose the imperialism of the USA under control of the Republican/Democratic duopoly. Use of the wealth of our nation should be to enhance quality of life for We The People rather than for imperialism. Some people vote accordingly.