Economy/Economics

Given the founding of the nation in vicious ethnic cleansing of the original inhabitants and the forced immigration of kidnapped Africans in chains, racism, the false notion that humans are members of different races with some superior or inferior by virtue of skin tone, has taken hold of the minds of most Americans. Given the taught and learned rationalization of that material ugliness of national origins as being natural divisions among humans, this is understandable.

COP22 again highlighted the mismatch between illusive policymaking and the stark reality of global warming. As always, it was left to civil society groups to uphold a vision of global cooperation and economic sharing as the only path towards a sustainable future. 
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Remember when intellectual liberals and democratic elites shook their fingers under our noses and solemnly predicted that the sky would fall if we didn’t “hold our nose and vote for Clinton?” A lot of people listened — to the first part of the message. They held their noses and voted for — Trump. Strange, considering the polls conducted within days of the election were unanimous on one point: 60 to 80% of those polled did not like Trump.

The presstitute media delivered the false news, not from Russian propaganda websites such as the Washington Post accuses this one of being, but from Obama’s US Bureau of Labor Statistics. The false news is that the collapsing economy continues to boom with 178,000 new jobs in November and a further fall in the rate of unemployment to 4.6%.
What are the facts? Nothing you will ever hear from the presstitutes or the corrupt Obama regime.

What do they mean?

Recently, I’ve been reading Overthrow Americas Century of Regime Change from Hawaii to Iraq, a book by veteran New York Times correspondent Stephen Kinzer, which focuses on US-backed coups from 1893 (Hawaii) to Iraq (2003). In the book, Kinzer devotes only fourteen pages to Puerto Rico, a small island nation controlled by the murderous empire of the United States.

The theory of conceptual-commodity-value-management is a theory, which descends right down to the depths and to the core of post-industrial post-modern bourgeois-state-capitalism; i.e., its bourgeois economy and its bourgeois financial institutions. So much so that today, the theory of conceptual-commodity-value-management is foundational, to such a radical extent, that it is the logic by which the central banks of the world’s global financial superpowers function and operate.

The Border between Europe and Asia
The Ural Mountains run north to south roughly from the Arctic Ocean to what is now the border between Russia and Kazakhstan, about 400 miles north of the Caspian Sea. They separate Western (or European) Russia from Russian Siberia. So they don’t define national boundaries or separate cultures; they merely divide one country. They just happen to be a rather humble, 1600 miles long mountain range, with the highest mountain just 6000 feet high. These are no Himalayas, Rockies or Andes. They’re more like the Appalachians.

Liberals, progressives, and the left-wing (to the extent that one still exists) are aligning with the corrupt oligarchy against president-elect Trump and the American people.
They are busy at work trying to generate hysteria over Trump’s “authoritarian personality and followers.” In other words, the message is: here come the fascists.
Liberals and progressives wailed and whined about “an all white male cabinet,” only to be made fools by Trump’s appointment of a black male and two women, one a minority and one a Trump critic.

Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of The Bubble and Beyond and Finance Capitalism and its Discontents. His most recent book is titled Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy.
Here Hudson explains how economic terms like capital gains are deployed to mislead the public about who is benefiting from economic policy and where wealth is going.