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Topic Summary

Posted by: AGelbert
« on: April 13, 2017, 07:18:08 pm »

Global Capitalism April 2017: Trump’s Big Economic Plans Fade

Democracy At Work   

Published on Apr 13, 2017

Help us reach 50,000 subscribers! SUBSCRIBE to our channel and suggest our channel to friends.

Special thanks to this month's sponsor: John O'Sullivan of Ludlow, England. To sponsor an upcoming episode visit: www.democracyatwork.info/sponsor

Global Capitalism: "As Trump’s Big Economic Plans Fade, What's Next?" with Richard D. Wolff

Co-sponsored by Democracy at Work, Left Forum & Judson Memorial Church
Wednesday, April 12th 2017 at 7:30pm

Judson Memorial Church (239 Thompson Street at Washington Square, Manhattan)

These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. This month, these issues will include:

1. Two connected failures: to repeal Obamacare, to get “tax reform”

2. The injustice of the US tax system (in honor of April 18 tax due day)

3. The economics of the US-China link and its bumpy contradictions

Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to others. We open the floor to questions and comments when time permits.

Agelbert NOTE: More proof that Capitalism is actually Robin Hood IN REVERSE.   

And yes, the tax system is part and parcel of the socially destructive Capitalist mens rea modus operandi. Did you know that Yale University doesn't pay property tax on its GOLF COURSE (no classes are held there, sports fans)? Did you know that, BECAUSE OF THAT, the poor and middle class of New Haven have to FUND the police, fire department, etc., that the YALE STUDENTS, FACULTY (AND THEIR CHILDREN) USE?   

Posted by: AGelbert
« on: April 10, 2017, 08:43:27 pm »

Is There a Crisis of Capitalism When Private Companies Cause Car Accidents to Make Money?   

Thom Hartmann Program

Published on Apr 10, 2017

Thom covers a story of private red light camera companies purposely shortening yellow light times to increase ticket revenue, but are they putting human lives at risk to make a quick, predatory buck?

Posted by: AGelbert
« on: April 03, 2017, 09:51:38 pm »

Agellbert NOTE: Professor Hudson exposes Orwellian Doublethink (I call it mindfork!) used to confuse us so the plutocratic parasites can continue to steal from we-the-people. 

D@W Exclusive: Michael Hudson on Junk Economics

Michael Hudson, author of the newly released 'J is for Junk Economics,' says the media and academia use well-crafted euphemisms to conceal how the economy really works.

Published on Apr 2, 2017

D@W's Paul Sliker and Dante Dallavalle talk with author and economist Michael Hudson, one of the world’s six economists who accurately predicted the 2007-2008 financial crisis. His new book, J is for Junk Economics, reveals how the mainstream economic vocabulary has been turned around in an Orwellian way to mean just the opposite of what words used to mean. Michael explains how the media and academia use well-crafted euphemisms to conceal how the economy really works, the economy under Obama vs. Trump, and what might be coming next.

Help us reach 50,000 subscribers! SUBSCRIBE and share this video with friends.

For more from d@w visit our website: www.democracyawork.info
Posted by: AGelbert
« on: March 23, 2017, 09:24:46 pm »

How Class Works by Dr. Richard Wolff

Marxism 101: How Capitalism is Killing Itself with Dr. Richard Wolff

Published on Mar 22, 2016

Despite a concerted effort by the U.S. Empire to snuff out the ideology, a 2016 poll found young Americans have a much more favorable view of socialism than capitalism. 

Though he died 133 years ago, the analysis put forward by one of the world’s most influential thinkers, Karl Marx, remains extremely relevant today. The Empire’s recent rigged presidential election has been disrupted by the support of an avowed socialist, Bernie Sanders, by millions of voters.

To find out why Marx’s popularity has stood the test of time, Abby Martin interviews renowned Marxist economist Richard Wolff, Professor Emeritus of Economics at UMass - Amherst, and visiting professor at the New School in New York.

Prof. Wolff  gives an introduction suited for both beginners and seasoned Marxists, with comprehensive explanations of key tenets of Marxism including dialectical and historical materialism, surplus value, crises of overproduction, capitalism's internal contradictions, and more.
Posted by: AGelbert
« on: March 20, 2017, 06:37:19 pm »

Modern Money & Public Purpose 1: The Historical Evolution of Money and Debt

Published on Sep 22, 2012

Moderator: William V. Harris, William R. Shepherd Professor of History and Director, Center for the Ancient Mediterranean, Columbia University

Speaker 1: L. Randall Wray, Research Director of the Center for Full Employment and Price Stability and Professor of Economics, University of Missouri-Kansas City

Speaker 2: Michael Hudson, President, Institute for the Study of Long-Term Economic Trends and Distinguished Research Professor, University of Missouri-Kansas City

Tuesday, September 11, 2012

About the Seminar Series:

Modern Money and Public Purpose is an eight-part, interdisciplinary seminar series held at Columbia Law School over the 2012-2013 academic year. The series aims to present new perspectives and progressive policy proposals on a range of contemporary issues facing the U.S. and global macroeconomy. Seminars will feature a mix of academics and practitioners on topics ranging from the history of debt and money and the structure of the financial system to economic human rights for the 21st century.


Posted by: AGelbert
« on: March 20, 2017, 05:23:12 pm »

Enjoy this timeless financial wisdom Published on Sep 24, 2015 

Michael Hudson, Financial Parasites Like Libertarian Peter Schiff
Posted by: AGelbert
« on: March 06, 2017, 08:54:40 pm »


Agellbert NOTE: Don't miss this excellent 5 part interview where Professor Hudson exposes Orwellian Doublethink (I call it mindfork!) used to confuse us so the plutocratic parasites can continue to steal from we-the-people. 

'J is for Junk Economics': Michael Hudson on TRNN (1/5)

Michael Hudson, author of the newly released 'J is for Junk Economics,' says the media and academia use well-crafted euphemisms to conceal how the economy really works.

'J is for Junk Economics': Michael Hudson on TRNN (2/5)

 Trump's infrastructure plan will privatize all the benefits for the financiers and make sure that the population at large gets zero benefit from it while paying the costs, says economist Michael Hudson.

'J is for Junk Economics': Michael Hudson on TRNN (3/5)

Trump is planning to turn the U.S. economy into a Russian-style kleptocracy, says economist Michael Hudson.

March 3, 2017

'J is for Junk Economics': Michael Hudson on TRNN (4/5)

Economist Michael Hudson takes on the mythology surrounding government budgets and explains how the term 'stability' has been used as a cover for financial fraud.

March 4, 2017

'J is for Junk Economics': Michael Hudson on TRNN (5/5)

Economist Michael Hudson explains why social security does not need to be 'pre-funded' by its beneficiaries.

SHARMINI PERIES: It's The Real News Network. I'm Sharmini Peries, coming to you from Baltimore.

   I'm speaking with Michael Hudson about his new book "J Is For Junk Economics: A Guide to Reality in the Age of Deception".

   Thanks for joining me again, Michael.

MICHAEL HUDSON: Good to be here.

SHARMINI PERIES: So, Michael, on page 260 of your book you deal with the issue of social security and it's a myth that social security should be pre-funded by its beneficiaries. Progressive economic taxes should be abolished in favor of a flat tax. Just one tax rate for everyone you say. We talked about this earlier but let's apply what this actually means when it comes to Social Security.

MICHAEL HUDSON: The mythology is to try to convince people that after all, if they're the beneficiaries of social security, it should be pre-funded. Well, that's like saying that you're the beneficiary of an education, you have to pay for the schooling. You're the beneficiary of healthcare, you have to pay for that. You're the beneficiary of America's military spending, that keeps us from being invaded next week by Russia, you have to spend for all that.

Where do you draw the line? Nobody really anticipated in the 19th century that people would have to pay for their own retirement. This was viewed as an obligation of society and you had the first pension social security program in Germany under Bismarck. And the whole idea is social security is a public obligation. There are certain rights of citizens and the rights should be after your working life you deserve a retirement. And you have to be able to afford this retirement and not have to beg in the street for money. So the wool that's been pulled over people's eyes is to imagine that because they're the beneficiaries of social security they have to actually pay for it.

And this was Alan Greenspan, a trick that he pulled basically in the 1980s when he was head of the Greenspan Commission. He said, "Let's achieve what we need to do in America. We need to traumatize the workers. We need to squeeze them so much that they will never have the courage to strike. Never have the courage to ask for better working conditions. Let's really squeeze them and the best way to do it is to very sharply increase their taxation. But we won't call it a tax. Of course it's a tax, but we will say it's not a tax, it's your contribution to your social security." And now this is 15.4% of everybody's pay check. It comes right off the top. What Greenspan did was say, "Let's make the wage earners, as a whole, pay this FICA cut out of their pay check every month, let's lend it to the government and now with all of this huge surplus that we're squeezing out of the wage earners there's a cut-off point now." The cut-off is around 120,000. Rich people don't have to pay for the social security funding, only the wage earner class has to. This is lent to the government to actually enable the government to say, "We have so much extra money in our budget pouring in from social security that now we can afford to cut taxes on the rich."

So the sharp increase in social security tax for the wage earners went hand-in-hand with the sharp reduction in the taxes on real estate, on finance and on the ... TA(?) part of society. The people who live on economic rent, not by working, not by producing goods and services but by making more money on their real estate, on their stocks and bonds in their sleep. And that's how the five percent have basically been able to make their money.

So the whole idea that social security has to be funded by the beneficiaries has all been a setup for them to claim now, we can't afford to pay any of the money because the budget doesn't have enough money. Social security's running a budget and after running a surplus since 1933, for 70 years, now we have to begin paying it out, that's the deficit, that's the disaster, we have to begin cutting back social security. What Donald Trump is saying we want wage earners to have to starve in the street after they retire.

   The federal reserve has just published statistics saying the average American families, 55 and 60 years old, only has about $14,000 worth of savings. This isn't enough. The whole idea is there's been a vast looting of pension funds, very largely by Wall Street and that's why the investment banks have had to pay tens of billions of dollars of penalties for cheating the pension funds. The current rate of return risk-free is 0.1% on government bonds so the pension funds don't have enough money to pay pensions. So the idea is that what people thought there was going to be available for their retirement, all of a sudden isn't.

There are so many corporate pension funds that are going bankrupt that the Pension Fund Guarantee Corporation doesn't have enough money to bail it out. It's in deficit. And if you're going to be a corporate raider, if you're going to be a Governor Romney or whatever and you take over a company, you do what Sam Zell did with the Chicago Tribune, you loot the pension funds, you empty it out to pay the bond-holders that have lent you the money to buy out the company and you say, "I'm sorry there is nothing there. It's wiped out." Half of the employee stock ownership programs have gone bankrupt. That was already a critique made in the 1950s and the 1960s.

In Chile, the Chicago boys, who really developed this program, University of Chicago economists, made it possible for the Chilean who privatized and who privatized the social security system, to set aside a pension fund managed by the company, mostly they invested in its own stock. The company would then set up an affiliate that would actually own the company under an umbrella then leave the company with the pension fund to go bankrupt having already emptied out all of the pension fund and a loan to be a corporate shell.

So it's all a shell game basically for this. And there's no social security problem whatsoever. Of course, the government has enough money to pay social security. That's what the tax system is all about. But if you do what Donald Trump does and you say we're not going to tax the rich and if you do what Alan Greenspan did and we're not going to make rich people even contribute to the social security system, then, of course, it's going to show a deficit. It's supposed to show a deficit when people retired. It was always intended to show a deficit but now that the government actually isn't using social security surpluses to make the pretense that you can afford in the budget to cut taxes on the rich     , now they're baiting and switching. So it's basically part of the shell game and explaining that myth is partly what I tried to do in my book.

SHARMINI PERIES: And if the rich people don't have to contribute to the social security base, are they able to draw on it?

MICHAEL HUDSON: They will draw social security up to the given wage that they didn't pay social security on, which is up to $120,000 these days. So yes, they will get the little bit but all of the real wealth, the people that make more than $120,000, all that is completely exempt from the social security system. What they have done are the rich people who run the corporations give themselves golden parachutes.

And even for the companies that have engaged in massive financial fraud, the large banks, City Bank, Western Union -- all of these have golden parachutes. They still are getting enormous pensions for the rest of their lives. And they're talking as if, well, the pensions are in deficit, corporate pensions, but that's because the corporate pensions, for the leading officers, are quite different from the pensions to the blue-collar workers and the wage earners as a whole, so again, there's a whole kind of fictitious economic statistics that are used in the dictionary is mathy-ness(?). The idea that if you can put a number on something it's somehow is scientific and the number you put on is realistic when it really is the product of corporate accountants and lobbyists reclassifying income in a way that it doesn't appear to be income.

And somehow taking money out and giving it to the richest 5% and making it appear as if all this deficit is the problem of the 95%, that's blame the victim economics. And you could say that's the way that the economic accounts are being presented by congress to the American people is a blame the victim economics. >:( That it's your fault social security's going bankrupt and it's all a mythology of saying we should not treat retirement as a public obligation just as we should not treat healthcare as a public obligation. We should have the highest healthcare costs in the world so that out of your pay check, which is not increasing, you're going to have to pay more and more for FICA withholding for social security, more and more for healthcare for the pharmaceutical monopoly and the health insurance monopoly. More and more to use public services for transportation to get to work because the state is not funding that anymore because we've cut taxes on the rich and so we don't have the money to do it. And you're going to privatize the roads so now you're going to have to pay to use the road to drive to work if you don't have public transportation.

So you're turning the economy really into what used to be called feudalism. Except we don't have serfdom, people can live wherever they want, but they all have to pay to this new sort of hereditary financial real estate public enterprise class that is transforming the economy.

SHARMINI PERIES All right, Michael. Many, many, many things to learn from your great book, "J Is For Junk Economics: A Guide to Reality in the Age of Deception". Michael is actually on the road promoting the book. So if you have an opportunity to see him at one of the places he's going to be speaking you should check out his website, michaelhudson.com

   And so I thank you so much for joining us today, Michael. And, as most of you know, Michael Hudson is also a regular guest on The Real News Network and we'll be unpacking his book and some of the concepts in it on an ongoing basis. So please continue to stay tuned for those interviews.

   Thank you so much for joining us today, Michael.


SHARMINI PERIES: And thank you for joining us on The Real News Network.


Posted by: AGelbert
« on: March 06, 2017, 08:28:15 pm »


March 6, 2017

High Frequency Trading in the Trump Era   

White-collar criminologist Bill Black sits down with the Real News to spell out how the ballooning HFT industry works exactly, and where it's headed under President Trump.


Posted by: AGelbert
« on: March 05, 2017, 03:24:29 pm »

President Trump’s across-the-board federal hiring freeze is particularly damaging to veterans, who rely heavily on the government for jobs once they leave military service.

Trump’s Hiring Freeze Puts Veterans Out of Work

J. David Cox Sr. 
 March 1, 2017

President Trump made a special point on the campaign trail of pledging his support for veterans, yet his government-wide hiring freeze delivers a double whammy to the nation’s military veterans. Not only do veterans now face staffing shortages at VA medical facilities and benefits offices, but their main source of employment—the federal government—is drying up.  :(

Jay Cadmus, a 30-year-old Air Force veteran, had been struggling for months to find a full-time job after completing a decade of active duty. He was ready to start work on February 5 at a defense civilian agency in Salt Lake City when the word came down that his start date had been postponed indefinitely, due to the federal government’s hiring freeze.

Robert Banks is in a similar predicament. A disabled Army veteran, Banks, 44, has worked numerous jobs in the federal government—most recently helping disabled veterans with prosthetics at the Grand Junction VA Medical Center in Colorado. Eager to move closer to his daughter, Banks accepted a position in January with the Naval Undersea Warfare Center in Newport, Rhode Island. Only after quitting his VA job and driving east did he learn that his new job was on hold due to the hiring freeze.

Cadmus and Banks are not the only veterans losing out on job opportunities under Trump. Across the country, scores of veterans who have served the nation with honor and distinction are discovering just how much harder it is to get a job thanks to the federal hiring freeze that Trump ordered January 23 as one of his first official acts.

Why is the federal hiring freeze causing such hardship for our military veterans? Simply put, the federal government is the nation’s largest single employer of veterans. Nearly one-third of all federal employees are veterans—about 623,000.

Federal agencies hired 71,000 veterans in fiscal 2015 alone, including 31,000 disabled veterans. The government increased its hiring of veterans from 31 percent to 33 percent between fiscal years 2013 and 2014. Not coincidentally, 2014 was the first year since 2009, when President Obama established a program to increase veterans’ employment, that the federal government hired more workers than it let go.

Simply put, the number one engine getting veterans back to work in the United States is the federal government. When government jobs dry up, so do veterans’ employment leading opportunities.

Trump’s hiring freeze couldn’t come at a worse time for veterans. The unemployment rate for veterans who have served since 9/11 hit 6.3 percent in January, up from 4.4 percent in September. (That’s compared with 4.8 percent unemployment in the population as a whole.) Around half a million veterans currently are unemployed, and more than a million are underemployed.

Full article:

Posted by: AGelbert
« on: March 04, 2017, 02:25:46 pm »

Economist Who Predicted Brexit & Trump Brilliantly Explains Capitalism's Collapse

Agelbert NOTE: Professor Mark Blyth gets it: Capitalism is basically Socialism for the parasitic rich and the shaft for everybody else. We need Socialism for ALL.

See below:

Published on Mar 11, 2014

Author and professor at Brown University, Mark Blyth discusses his book, "Austerity: The History of a Dangerous Idea" (Oxford University Press, USA, 2013). Commentators on the panel: Alex Gourevitch, Postdoctoral Research Associate, Political Theory Project and Sharon Krause, Political Science, Brown University.

In "Austerity: The History of a Dangerous Idea," Blyth demolishes the conventional wisdom, marshaling an army of facts to demand that we recognize austerity for what it is, and what it costs us.

Posted by: AGelbert
« on: March 04, 2017, 02:11:20 pm »

The Man Who Predicted Trump Now Predicts He Will Fail 

Posted by: AGelbert
« on: March 03, 2017, 01:16:30 pm »

Published on Sep 16, 2016
Prof J Kroth: Is America on the brink? - September 16, 2016

Prof. Jerry Kroth, a psychologist, looks at that question. What brings down an Empire?

Kroth looks at things slightly differently from financial pundits and stock market gurus. Instead of economics, he looks through the prism of social science. Which country produces over 80% of hard core p o r n in the world? Which country has the highest rate of r a p e? What is the truth behind horror films or reality shows such a Fear Factor?

For example, while Mr. Trump continues to claim that Climate Change is just Chinese propaganda, what toll is Climate Change, and its ensuing natural disasters since 1982, actually having on the US?

Using anthropologist, Jared Diamond and historian Arnold Toynbee's seven major factors leading to societal collapse, Kroth asks how the U.S. stacks up on those seven factors. The report card is awful, and the current situation foreboding to the extreme. Data comes from his new book, Implosion: delusion, denial, and the prospect of collapse More info at collectivepsych.com
Posted by: AGelbert
« on: February 26, 2017, 02:53:34 pm »

How government promotes inequality

Published on Mar 19, 2015

Award-winning author and investigative journalist David Cay Johnston will explain how income disparity has increased in the United States, even as the economy has recovered from the great recession. For more information about the Thomas S. Foley Institute and our sponsored events, please visit foley.wsu.edu .

Agelbert NOTE: The money quote from the above video is not just how much the fossil Fuel Industry games the energy playing field against clean energy for we-the-people, although that is one my concerns.

MONEY QUOTE (When you read it, please remember that David Cay Johnston is NOT a liberal; he is a Registered Republican):
"It's not trickle down economics; it's Niagara UP economics designed to take from the masses to further enrich the few." -- David Cay Johnston
Posted by: AGelbert
« on: February 18, 2017, 08:07:59 pm »

They're Lying To You
Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to sink, and governments stagger under record deficits. Author Richard Heinberg proposes a startling diagnosis: humanity has reached a fundamental turning point in its economic history.

 This brilliant animation, produced by the Post Carbon Institute, explains that with the Industrial Revolution rapid growth became normal. Economists pointed to innovation, increased trade, division of labor. But it was mostly a result of cheap energy. We could do more than ever before with cheap coal and gas. Economists assumed the absurd notion that growth could go on forever.

 The economies of the wealthiest nations started stagnating years ago, as resources began to run out. Governments, businesses and households went into hock up to their eyeballs gorging on easy credit. The financial system created ever more complex securities and derivative schemes to soak up all that debt and make perpetually rising profits on imaginary assets.

 The mother of all bubbles burst in 2008 - and we have not headed toward "recovery". And recovery to what? More bailouts, debt, more consumerism and resource depletion?

 We can live without economic growth but we'll have to start doing a few things differently. Those very things are expressed in videos in all the categories right here on Nextworldv!

 --Bibi Farber

Posted by: AGelbert
« on: February 17, 2017, 07:24:07 pm »

 February 16, 2017

Upward Distribution of Wage Income Behind Social Security's Shortfall

CEPR's Dean Baker says Republicans often omit the role of stagnant wage growth in the discussion around the growing deficit in this social insurance program.

Posted by: AGelbert
« on: February 12, 2017, 12:42:49 pm »

How Trump Filled The Swamp

Published on Feb 3, 2017

SHOW NOTES AND MP3: https://www.corbettreport.com/?p=21637

With promises to "drain the swamp!" still ringing in our ears, we have watched Trump appoint nothing but Goldman banksters, Soros stooges, neocon war hawks and police state zealots to head his cabinet. Join us this week on The Corbett Report as we examine the swamp-dwellers with which Trump has filled his swamp.

Agelbert NOTE: The only thing missing from this mostly accurate report is its rather blatant failure to list the MASSIVE influence of the Profit over Planet Swamp Creatures from the Fossil Fuel Industry in the Trump SWAMP. That is the one blind spot Corbett has. He simply cannot handle the reality of CO2 caused catastrophic climate change, even though he connects the corruption dots in most Business As Usual poisonous practices. The "subsidies" that the fossil fuel industry milks out of we-the-people worldwide amount to BILLIONS of dollars annually. Yet somehow this THEFT never makes it to Corbett's radar. Why is that? ???

Exxon-Mobil and Lee Raymond who was at the Company from 1963-2005 was the person who started the cover-up of climate change. Lee Raymond has also been on the Board of Directors when JPMorgan/Chase committed all their criminal acts leaving that company with a Rap Sheet a mile long. $20 BILLION in fines, but NO-ONE went to jail for all the financial burdens and losses JPM/CHase caused millions of people. Chase is still illegally foreclosing on homes.

Another person on the Board of Directors for Exxon is William Weldon who is also on the Board for JPMorgan/Chase. Weldon was the CEO at Johnson & Johnson during the production and sales of the TOXIC TALC that is causing cancer in so many women.

Jamie Dimon head of JPM/Chase walks around scot-free from the long Rap Sheet of Criminal Acts that were instigated by him. Now Jamie Dimon is out promoting the "Millions in Grants" that JPM/Chase is giving to communities and for scholarships for education ~~~ BUT ~~~ Dimon does NOT explain that this is STOLEN money from illegal home foreclosures, from illegal criminal acts, benefitting the bank.

These men have NO consciences, they are a narcissistic group of men with no morals, who only think of MONEY and GREED and Trump is at the top of the list with his egomaniac personality who will give these men a clearance to destroy for their own personal benefit.  Gerry Lednicky Seger

"The fossil fuel industry swallows up $5.3 trillion a year worldwide in hidden costs to keep burning fossil fuels, according to the International Monetary Fund (IMF).
This money, the IMF noted, is in addition to the $492 billion in direct subsidies offered by governments around the world through write-offs and write-downs and land-use loopholes.

In a sane world these subsidies would be invested to free us from the deadly effects of carbon emissions caused by fossil fuels, but we do not live in a sane world. "  -- Chris Hedges

Posted by: AGelbert
« on: January 11, 2017, 05:34:02 pm »

You won't believe where 9 Trillion Dollars went

Casey's DAD    107,462 views

Published on Dec 4, 2016

This is the problem with a central bank in the United States. All of these balance sheets reflect the payouts to the elite every year.
Posted by: AGelbert
« on: January 06, 2017, 03:30:00 pm »

I think there is no reason why we should not be able to feed, clothe, shelter, educate, and provide medicine for all people on Earth regardless of their abilities.  I think we have the technology now, and we still have the energy, to do this.

The problem is that the monetary system isn't designed to do this.  It's designed to sieve wealth from one portion of the population to another portion through a variety of Criminal Rackets.  The rackets are everywhere, Banking, Accounting, Stock Trading, Insurance, Medicine, Dentistry, Law, Manufacturing to name a few.  If you're not born into wealth, in order to make a lot of money you need to insert yourself into one of these rackets and have good criminal skills to get the money from the marks and into your pocket.

The biggest and most successful criminals are generally those at the top of the Banking Racket or Stock Racket or Real Estate Racket.  Generally you can't get quite as filthy rich in the other rackets, although a few in the manufacturing racket such as Bill Gates do as well.  You know somebody is a criminal racketeer simply by looking at how much money they make.  The more it is, the bigger the criminal they are.

Here is the FSoA Income Distribution Chart:

As you can see, the Median Household Income is $49,445.  Everybody making more than that is some type of criminal in some criminal racket.  Mostly misdemeanor crimes until you pass into the top 10%, then you have felons. At the very top .01% you have Crimes Against Humanity.  Everybody below the Median is a Victim of these Criminals.

Now, in order to rectify the situation and bring Justice to the system, what you would need to do is clawback all the stolen money from above the median and redistribute it down to below the median, which would take a MASSIVE taxation effort, which will never happen as long as the folks above the Median run the political show.  Which of course they do.

Now, over in Finland they're doing an experiment with 2000 Unemployed people of providing them with a no questions asked Basic Universal Income of around $800/month I believe it is (converting from Euros).  I don't know what the cost of living is in Finland, but this might be just enough to put a roof over your head and food on your table.  You can still try to find work and if you do you make more money than just the basic income.  They're trying to see if this helps with the disincentive to get off the dole if only part time work is available.

What's the problem here?  There are many.  First off, if you scaled up this program for all Fins, it would cost a fortune and the taxation would be through the roof.  Second, once everyone has this basic income, then prices of food and rents start to get jacked up by the criminals in control of those rackets.  So the money the state just gave you ends up right back in the hands of the same criminals!  And round and round we go!   In order to prevent this, you would have to have state enforced price controls on all the basics, housing, food, transportation etc.

At this point of course, you are at Full On Communism.  At this point also, why bother using money at all for these basics?  Simply give everyone a free apartment, make all the food free, all medical care free and all the buses and trains free.  In order to pay the costs for that, you then tax the criminals who are stealing money on more discretionary items.

As you can see, this also has a lot of problems and demonstrates why monetary systems developed to manage large populations and why they work the way they do.  They reward the criminals at the top at the expense of the victims at the bottom.  You can't have a just system once you introduce money into the equation, which is WHY it is the Root of All Evil.


Posted by: AGelbert
« on: January 04, 2017, 08:23:07 pm »

Universal Basic Income

Big Picture Interview: Writer Matt Bruenig, Law & Poverty Expert will explain where it’s working. Is solving poverty as simple as giving money to poor people?
Posted by: AGelbert
« on: December 30, 2016, 02:16:36 pm »

This is killing America
(No one can disprove any of it)

Published on Dec 25, 2016

This shows exactly how the bankers manipulated the system to their advantage and made every person in the U.S. their slaves. We can revolt, and can take this country back in one week if we choose. We need to spread the word, organize, and act before it's all gone.
Posted by: AGelbert
« on: December 29, 2016, 06:57:21 pm »

How Trump Could Bring on the Crash of 2016

Posted by: AGelbert
« on: December 27, 2016, 09:04:24 pm »

Published on Mar 11, 2014

Author and professor at Brown University, Mark Blyth discusses his book, "Austerity: The History of a Dangerous Idea" (Oxford University Press, USA, 2013). Commentators on the panel: Alex Gourevitch, Postdoctoral Research Associate, Political Theory Project and Sharon Krause, Political Science, Brown University.

In "Austerity: The History of a Dangerous Idea," Blyth demolishes the conventional wisdom, marshaling an army of facts to demand that we recognize austerity for what it is, and what it costs us.

Posted by: AGelbert
« on: December 27, 2016, 06:27:02 pm »

Agelbert Note: Blythe predicted the rise of Fascism in Europe and the USA as a response to Austerity. We are there. 

Mark Blyth – Austerity: The History of a Dangerous Idea 

Roosevelt House Public Policy Institute at Hunter College   

Published on Feb 23, 2015

Join us at Roosevelt House for a timely conversation about one of today’s most urgent policy questions – whether government spending is reckless wastefulness, as many argue, or whether the policy of draconian budget cuts has failed. In his acclaimed book Austerity: The History of a Dangerous Idea, Mark Blyth, professor of international political economy at Brown University, demonstrates how and why the global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget, hasn’t worked.

In conversation with Andrew J. Polsky, Acting Dean of the College of Arts and Sciences and professor of political science at Hunter College, Professor Blyth will discuss recent examples of a policy that he shows has failed for a century. While it makes sense for any one state to try and cut its way to growth, Blyth argues, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In their discussion, professors Blyth and Polsky will examine why the arguments for austerity are tenuous and why austerity policy has almost always led to low growth and to increases in wealth and income inequality. They will also discuss how to counteract these trends with effective economic policies for the future.

Posted by: AGelbert
« on: December 26, 2016, 06:49:31 pm »

Published on Dec 17, 2016

The Twilight of Democracy by Tariq Ali

Tariq Ali discussion on the ideas outlined on his book The Extreme Centre: A Warning, during this years Festival of Dangerous Ideas.

What is the point of elections if result is always the same ??? : a victory for the extreme centre?

Since the end of the Cold War, politics in affluent Western democracies has become a contest to see who can better serve the needs of the market.

Rather than left and right parties representing genuinely different policies, they have converged to create a global economic order where deregulation, free trade, privatisation and market-driven solutions hold sway.

Whether voters agree or not, these things are a given, creating a massive disenchantment with government and a huge challenge to democracy.

Is this political wisdom or suicide?

Stan Grant (Chair)

Posted by: AGelbert
« on: December 25, 2016, 08:10:10 pm »

Gal Alperovitz discusses the Systemic Crisis in the USA

Sep 30, 2016

Next System Project co-chair Gar Alperovitz speaks with activists from all over the world on our global political-economic system, how it came to be, and why the ...

Posted by: AGelbert
« on: December 16, 2016, 08:02:54 pm »

Posted by: AGelbert
« on: December 01, 2016, 05:52:04 pm »


  November 28, 2016

Can Trump's Gangster Capitalism Manage the Global Economy?

Leo Panitch and Paul Jay discuss what the consequences of Trump's plans to deregulate Wall St., reduce taxes, create an infrastructure boondoggle, attack unions and foreign policy adventures will have on the global economy.

Posted by: AGelbert
« on: November 29, 2016, 02:29:52 pm »

Richard Wolff: Trumpnomics 101 Is Based On Lies 50 Of Business In China Are American Businesses
Posted by: AGelbert
« on: November 18, 2016, 02:13:34 pm »

Energy| Nov. 18, 2016 10:49AM EST

Largest Bank in Norway Sells Its Assets ;D  in Dakota Access Pipeline

Stefanie Spear


Posted by: AGelbert
« on: October 14, 2016, 12:50:34 pm »

BRICS to build fairer global system

Updated: 2016-10-14 08:28

By Wang Fan(China Daily)
President Xi Jinping will attend the eighth meeting of BRICS leaders in Goa, India, from Oct 15 to 16. This will be their first meeting after their informal gathering at the G20 Summit in Hangzhou, East China's Zhejiang province, in early September, and it is a meeting that is of practical importance.

The cooperation of the BRICS members intensified after the onset of the international financial crisis in 2008. In response to the crisis, the BRICS states strengthened their bilateral and multilateral economic and trade cooperation, and they have continued to deepen their cooperation since.

The collective rise of emerging economies and the comparative fall of the developed economies constitute one of the most important phenomena of international politics in the early 21st century.

The BRICS members boast advantages in scale with regard to their territorial areas, populations and resources. They account for 30 percent of the world's land, 43 percent of the global population, 21 percent of the world's gross domestic product and 40 percent of global foreign exchange.

The BRICS states are all big countries in their respective regions and have correspondingly large says and influence in regional affairs.

The cooperation of the BRICS countries is of practical meaning to protect and enhance the interests of emerging economies and developing countries.

With the BRICS members as representatives, the emerging market countries and developing countries have seen marked and rapid increases in their international influence.

And with a combined population of about 3 billion people, the rise of the BRICS countries is related to the fate of the whole world and humanity. The five countries are expected to play active and constructive roles in setting the global development agenda, climate change negotiations, reform of the International Monetary Fund, and other global topics.

Because the BRICS countries are all major members of the United Nations-China and Russia are both permanent members of the UN Security Council-and cooperative representatives of developing and developed countries in G20, the BRICS members bridge the different camps among countries.

The World Bank, International Monetary Fund and the other regional financial organizations, such as development banks in Asia and Africa, are actually controlled by Western countries, with the United States dominant. The establishment of the New Development Bank of BRICS is therefore significant for establishing a fairer international financial structure.

The New Development Bank is an international financial agency that the BRICS states fund and manage themselves. This is an important breakthrough in the global financial system, one that is promoting transformation of the international financial order, and one that can enhance developing countries' status and voice in the international financial governance.

The bank can help solve the BRICS countries' shortage of medium-and short-term funding, boost their infrastructure construction and economic growth, and reduce their excess reliance on the US dollar, euro and yen.

China plays a special and constructive role in the cooperation among the BRICS countries. It is also an active advocate and supporter of South-South cooperation, and cooperating with developing countries is an important part of China's opening-up strategy.

The cooperation mechanism of BRICS provides an effective way to promote South-South cooperation. China's cooperation with the other BRICS members is conducive to breaking Western countries' trade protectionism and strengthening their coordination on actions to address climate change, prevent the proliferation of nuclear weapons and the fight against terrorism, as well as many other global issues.

BRICS cooperation is not intended to rival current system, but rather aims to seek effective cooperation with the developed countries. The essence of the BRICS' cooperation spirit is openness and inclusiveness.

The author is vice-president of China Foreign Affairs University.


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