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Author Topic: Money  (Read 23598 times)

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AGelbert

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When you hear “customary international law,” be afraid

January 22, 2020

CLAIMS THAT THE ‘NAFTA 2’ AGREEMENT IS BETTER IS A MACABRE JOKE

By Peter Dolack, Systemic Disorder.

Democratic Party House representatives have voted by a wide margin to approve version 2 of the North American Free Trade Agreement, known as the United States-Mexico-Canada Agreement.

Even Rose DeLauro of Connecticut, in the past a strong leader within Congress in the fight against so-called “free trade” agreements, is on board with this one. Representative DeLauro and other congressional Democrats claim they forced the Trump administration to strengthen the agreement by compelling the insertion of language that allegedly creates “effective and meaningful labor standards... -more-

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Global Poll Finds Majority Believe Capitalism More Harmful Than Good

January 22, 2020

By Andrea Germanos, Commondreams.

 A global survey out Monday ahead of the World Economic Forum summit in Davos shows that over half of respondents believe capitalism in its current form does "more harm than good." "Welp, glad that's settled then," mused one Twitter user.

The findings are from the 2019 Edelman Trust Barometer, which polled over 34,000 respondents in 28 markets to measure trust in government, business, NGOs, and media. Fifty-six percent of respondents said they agree with statement, "Capitalism as it exists today does more harm than good in the world." That belief was expressed by a majority across age group...Full article
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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January 24, 2020

SNIPPET:

As discussed earlier this week, 90% of the population gets little, or no, direct benefit from the rise in stock market prices.


Another way to view this issue is by looking at household net worth growth between the 🎩 top 10% and everyone else 😟.

Since 2007, the ONLY group that has seen an increase in net worth is the top 10% of the population. This is not economic prosperity. This is simply a distortion of economics.

As shown in the chart below, since 2014, the S&P 500 index has soared to record heights, yet corporate profits for the entire universe of U.S. corporations have failed to rise at all. This is the clearest evidence of the disconnect between the markets and the real economy.

Note: It is worth mentioning the last time we saw a period where corporate profits were flat, while stock market prices surged higher was from 1995-1999. Unfortunately, as is repeatedly the case throughout history, prices “catch down” with profits and not the other way around.

Full article:




Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Prof. Richard Wolff on Journalism, 🏴‍ Globalism, 😈 Capitalism, 👹 Brexit
6,274 views•Jan 20, 2020


The Zero Hour with RJ Eskow
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#RichardWolff #TheZeroHour #Brexit


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Some of the music bumpers featuring Lettuce, http://lettucefunk.com.
Category News & Politics

 
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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The Corporate Debt Bubble Is A Train Wreck In Slow Motion

By Brandon Smith, Alt-Market.com

There are two subjects that the mainstream media seems specifically determined to avoid discussing these days when it comes to the economy - the first is the problem of falling global demand for goods and services; they absolutely refuse to acknowledge the fact that demand is going stagnant and will conjure all kinds of rationalizations to distract from the issue. The other subject is the debt bubble, the corporate debt bubble in particular.

Full article 🦉

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Military Spending and Debt
« Reply #725 on: January 28, 2020, 12:55:13 pm »
Economic Update: Military Spending and Debt
Partner Content Provided By:Economic Update with Richard Wolff
January 28, 2020


Updates on France's successful mass uprisings (Yellow Vests in 2019; mass union strikes in 2020) that forced the French government to back down on changes workers opposed; how endless wars impose huge debts; how the Catholic Church uses U.S. bankruptcy law to prevent the church's assets from being used to compensate victims of sexual assault; Prof. Wolff interviews journalist Bob Hennelly on military spending and debts in the US economy.

"The views expressed in third party content do not necessarily reflect those of The Real News Network or its editors."
https://therealnews.com/third_party_content/economic-update-military-spending-and-debt

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Re: Money
« Reply #726 on: February 05, 2020, 04:45:08 pm »





Agelbert NOTE: Stock Market CR ACK UP BOOM (i.e. peak blow off) in Progress. Fasten your seat belt. The slope down will be steeper than the slope up...

Sell now (YOU have been warned). Have a nice day.

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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By Mike Whitney, Informationclearinghouse.info

February 5, 2020 | EDUCATE!

SNIPPET:

The Fed has no intention of allowing the public to know what’s really going on behind the scenes. Remember, the Fed “battled in court for more than two years to keep the details of its loans a secret from Congress and the American people”, so they’re certainly not going to do an about-face and open up today. No, what they are going to do is push the envelope as far as they can, operate far beyond their legal mandate, and conceal their inappropriate or illegal activity behind an iron wall of obfuscation and denial. Keep in mind, no one knew the extent of the Fed’s lavish handouts until years after the dust had settled. Check it out:

“When the nonpartisan investigative arm of Congress, the General Accountability Office (GAO), tallied up the cumulative total that the Federal Reserve had secretly sluiced to Wall Street from December 2007 through July 21, 2010, it came to $16.1 trillion. But the GAO did not include all of the programs that came out of the New York Fed. When those other programs are added, the Levy Economics Institute, using the Fed’s own data, arrived at the tally of $19.559 trillion to the Wall Street trading houses and another $10 trillion in central bank liquidity swaps, bringing the bailout figure   to over $29 trillion.” (“Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months”, Wall Street on Parade)

So “over $29 trillion” was shoveled into the banking system without congressional approval and without the American people having any idea of how they were being finagled. We should probably expect the same underhanded goings on in the current crisis, in fact, that looks to be the case. The Fed is not going to acknowledge what it is doing and the media is not going to publish the details. It’s a conspiracy of silence.

Full article:

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Economic Update: Exposing Economic Myths
« Reply #728 on: February 06, 2020, 09:42:59 pm »
Economic Update: Exposing Economic Myths
38,073 views•Feb 3, 2020


Democracy At Work
147K subscribers

[S10 E05] Exposing Economic Myths

**We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate

This week on Economic Update, Professor Wolff discusses how the "unemployment rate" is an inadequate measure of the U.S. economy’s well-being along with the decline of the “real” value of the minimum wage in the U.S., the multiple failures and flaws of markets and how corporations as less economically efficient than worker co-ops.
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Category News & Politics
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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🐱 Truth in Quotes (plus good snark too!):
« Reply #729 on: February 10, 2020, 02:57:16 pm »
Truth in Quotes (plus good snark too!):

Quote
Quivering Lip
Imagine if all Governments didn't lie. Pandemonium in the streets.

When things get serious you have to lie!

JC Junker.

The greatest eCONomy the universe has ever seen and all we get is 2% GDP growth. Strip out the $1.1 Trillion deficit and GDP is contracting. Just don't tell the morons it isn't all great.

Herdee
Ya, greatest ever? The participation rate on the numbers are still below the great recession numbers. Here is the M2 Money Velocity number that shows you basically how fast a dollar changes hands in today's economy. And yes, the constant stream of propaganda is at deafening levels and especially by the Whitehouse and the morons on CNBC and Bloomberg. Does it look busy to you?


Quote
Bob_sacamano
I knew that M2V started rolling over last Spring but did not know it has gotten that bad.

Jtrillion
There's a Central Bank for that.

Cautiously Pessimistic
The new Apple limited run 'Wuhan Edition' phone will be a hot seller this year.  To die for!

SOURCE:


February 10, 2020

Authored by Peter Tchir via Academy Securities

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

Surly1

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Re: 🐱 Truth in Quotes (plus good snark too!):
« Reply #730 on: February 11, 2020, 07:01:34 am »

Quote
Quivering Lip
Imagine if all Governments didn't lie. Pandemonium in the streets.

When things get serious you have to lie!

JC Junker.

The greatest eCONomy the universe has ever seen and all we get is 2% GDP growth. Strip out the $1.1 Trillion deficit and GDP is contracting. Just don't tell the morons it isn't all great.

Herdee
Ya, greatest ever? The participation rate on the numbers are still below the great recession numbers. Here is the M2 Money Velocity number that shows you basically how fast a dollar changes hands in today's economy. And yes, the constant stream of propaganda is at deafening levels and especially by the Whitehouse and the morons on CNBC and Bloomberg. Does it look busy to you?


Quote
Bob_sacamano
I knew that M2V started rolling over last Spring but did not know it has gotten that bad.

Jtrillion
There's a Central Bank for that.

Cautiously Pessimistic
The new Apple limited run 'Wuhan Edition' phone will be a hot seller this year.  To die for!

SOURCE:


February 10, 2020

Authored by Peter Tchir via Academy Securities


Just seeing this. Pretty amazing.

AGelbert

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Economic Update: 💵🎩 Capitalism's Uneven Development
16,734 views•Feb 10, 2020


Democracy At Work
148K subscribers

[S10 E06] Capitalism's Uneven Development

**We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate

This week’s episode of Economic Update features an introductory discussion by Professor Wolff on capitalism's systematically uneven economic development. From Marx's original criticism of capitalism for producing and reproducing unevenness to the many historical examples, Prof. Wolff argues that there are indeed heavy social costs which flow from capitalism's uneven development. Those costs then become bases for arguing the need to move beyond capitalism.
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Category News & Politics
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Economic Update: Socialism and Left 💐 Unity
in the U.S.
8,066 views•Feb 18, 2020


Democracy At Work
149K subscribers

[S10 E07] Socialism and Left Unity in the U.S.

**We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate

THIS WEEK'S TOPICS (w/timestamps):
00:42 - Updates on Trump's 2019 $1 trillion plus deficit
04:26 - the burden of debt on poor countries;
06:57 - Amsterdam’s forgiveness of the debts of young people;
09:08 - the fund-raising strategies of "strong man" governments;
10:49 - and the gross failures of the GOP’s/Trump’s 2017 tax cut;
14:03 - announcements;
15:27 - SPECIAL GUEST: Prof. Wolff interviews Rob Robinson of the Left Forum and Karen Ranucci of the Center for Critical Thought on their collaboration to serve the rising interest in socialism in the U.S. and how it is helping to build a movement for a transition away from capitalism as we know it.
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Category News & Politics
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Bring It On 🐍 Corporate Socialists!
« Reply #733 on: February 18, 2020, 06:27:18 pm »
“Democratic Socialism” – Bring It On 🐍 Corporate Socialists!
By 🦅 Ralph Nader

Crooked 🦀 Donald Trump, the erstwhile failed gambling czar and corporate welfare king, is assailing Bernie Sanders for his “radical socialism.” How ludicrous given Trump’s three-year giveaway of taxpayer assets and authorities to giant corporations – a perfect portrait of crony capitalism. Others are joining the 😈 socialist labeling bandwagon, including corporatist right wing radio talk show blowhards, themselves freeloaders, profitably using the public airwaves. -more-


Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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AskProfWolff: Work Relationships in Worker Co-ops
« Reply #734 on: February 22, 2020, 05:50:08 pm »
AskProfWolff: Work Relationships in Worker Co-ops
1,781 views•Feb 22, 2020


Democracy At Work
150K subscribers

Get your copy of Prof. Wolff's books with d@w: "Understanding Socialism" and "Understanding Marxism" https://www.democracyatwork.info/books

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We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one!

A patron asks: "Dr Wolf, can you give examples of how work relationships are arranged in worker co-ops. One reason for hierarchies in capitalist enterprises is because of the knowledge, skills and experience gap between workers as well as specialized training. I had a capitalist owner who thought democracy couldn't work because he didn't want his custodian involved in decisions he didn't understand."

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Category Entertainment
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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