Henrik Palmgren reflects on the Coronavirus
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Archives par mot-clé : Debt
John Perkins describes his job as « economic hitman » for the corporations
The interview with John Perkins starts around 0:25 minutes in the movie, (Zeitgeist:Addendum) through 0:41 minutes. Various coup d’états, sponsored by CIA-connected corporations, are looked over.
Right-wing useful fools: When Tea Partiers become Tea Baggers
There is something I have got to tell you concerning the financial crisis in the U.S. I am tired of hearing that it is Obama’s fault for this, Obama’s fault for that, and so on. Right-wing activists, Tea Partiers and the like, are always quick to blame the Left and what they call the « liberals » and/or Democrats for everything that happens in their country. If you use your intelligence and discernment, you can see obviously that things are not that simple. Obama didn’t create the debt nor the deficit. They were there when he took office, but somehow Tea Partiers seem not to remember that. They talk about Obama as if he would have taken the country with no debt and no deficit at all and brought them to their present levels. When they speak, and I know that at first hand because I have people like that in my proximity, all they have to say involve the Left and the liberals…but the Right has nothing to do with anything. Overall, they have a rather positive opinion of George W. Bush while he contributed greatly to the U.S. debt by creating the war in Irak out of nothing with its huge spending budget, with the only intention of wrecking the U.S. economy. Check this post for more details about that.
I am a liberal democrat. I have never hidden it. I defend the interests of the Center of the political spectrum and believe me, from here, I can see that there are as many fools on the Right side than there are on the Left side. So please, give me a break with your scapegoating of Obama. You are not Tea Partiers but rather Tea Baggers. You take the mantle of patriotism and truth, but in the end, what you do amounts to treason because you are creating the very conditions by which the destruction of the U.S. will come, destruction that supposedly you are trying to avoid. Hypocritically, you are doing exactly what you are pretending trying to have the country avoid. I suggest that you read one of Dave Emory’s latest blog entry, in which he puts some meat around the bone on that subject. I also suggest that you read all the comments that people have posted on it. Think about it. Reality is a complex thing. I also join a newspaper article by Kelly McParland that analyses the situation and gives the same diagnosis.
The engineer has wrecked the train: American Idol Banana Republic and its cartoon leaders
A repost from anti-fascist researcher Dave Emory assesses the present political, economical and financial situation of the United States with great accuracy, as early as 2003. We must admit that he was right on target when recording that show. Here are the basic facts. The Irak war reveals itself to have been a deliberate scheme by the Bush Admistration to increase spending of the federal government in a way that would send it on a vertical spiral of deficits and debt. Accompanied by tax cuts to benefit the wealthy that inevitably decrease the state budget, these two measures or decisions look rather like sabotage attempts to destroy the U.S. economy, either for bringing a totalitarian regime or for Balkanizing them. People belonging to mainstream academia and media, such as Paul Krugman, have made similar analyses. The tax cuts implemented by the Bush Administration are so deep that it is impossible to maintain them without cutting U.S. spending, where the money is, i.e. in social programs or military budget. A report commissioned by the Treasury Department estimated that the U.S. face a chronic budget accumulated deficits of some 44 trillion dollars, if tax rates and spending budget remain the same. To close the gap, a 66% accross the board tax increase would be necessary. The show reminds us of a striking similarity that exists between the behavior of the French elite before WWII and the one of the American elite these days. If the French elite was acting in preparation for a takeover by Germany in defense against Communism, the behavior of the present-day power elite in the U.S. is suggesting that a similar process is under way. The broadcast also deals with other related elements of the puzzle, such as the role played by tax havens like Liechtenstein, Nassau, Panama and Switzerland. It has to be noted that Saddam Hussein siphoned off millions of dollars from oil corporations as bribes into offshore accounts. Hussein used this bribe money to finance weapons deals during embargo periods. Continuer la lecture