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Topic Summary

Posted by: AGelbert
« on: August 18, 2017, 10:26:21 pm »




Capitalist Economies Create Waste, Not Social Value

Thursday, August 17, 2017

By Chris Williams and Fred Magdoff, Monthly Review Press | Book Excerpt


More production means more waste: more waste means more production. Waste is a sign of capitalism's success. When people throw away a product after using it for a short period of time, in the spirit of planned obsolescence, they will buy a new one, contributing to growth and corporate profits.

As early as the 1920s Stuart Chase identified four systematic sources of waste under capitalism: (1) the labor power used to produce "vicious or useless goods and services"; (2) labor power wasted due to unemployment; (3) the unplanned nature of production and distribution of goods leading to inefficiencies and overproduction; and (4) the senseless waste and overuse of natural resources. Addressing the term coined by nineteenth-century writer and social reformer John Ruskin, Chase wrote that what capitalism produces is not wealth, but "illth." 


Illth abounds under capitalism. In Monopoly Capital: An Essay on the American Economic and Social Order, first published in 1966, Paul Baran and Paul Sweezy included an appendix by Joseph D. Phillips titled "Estimating the Economic Surplus." Phillips demonstrated that the economic surplus -- aspects of the economy that served no socially useful purpose and would therefore be considered waste in a more rationally organized society -- averaged over half of the gross national product of the United States.

Illth comes in many forms. One is conspicuous consumption by the very rich -- the luxury cars, yachts, private jets, huge houses, and other forms of ostentatious living. World Bank economists calculate that the wealthiest 10 percent of the world's population uses close to 60 percent of all the world's resources. If this richest 10 percent reduced their consumption to the average consumption of the rest of humanity, total global resource use would be cut in half. The New York Times estimated the amount spent on luxury items in the United States in 2012 -- leaving out the luxury homes -- at $302 billion. A 2015 report by the British charity Oxfam found that the wealthiest 10 percent were responsible for half of all emissions of greenhouse gases, whereas the poorest half of the world's people were responsible for about 10 percent.

The prison-industrial complex, expanded primarily due to the racist "war on drugs," and developed in large part to control communities of color, is most certainly illth. Essentially all the enormous economic financial sector does is find ways to make money with money, providing little of social value. The same can be said for marketing, advertising, and packaging for brand promotion and the proliferation of products designed with built-in obsolescence or to stimulate new wants.

The system of giant multinational supermarket companies controlling food supply and sales produces vast quantities of wasted food. It is estimated that between 30 and 50 percent of the food grown in the United States goes to waste. Food is left in the field if it doesn't meet certain cosmetic standards of large buyers, even if it is perfectly good quality. Supermarkets routinely overstock their produce shelves in deliberate displays of abundance, knowing that a portion will spoil and be thrown away. Globally, about one-third of food is wasted, amounting to about 1.8 billion tons and worth approximately $1 trillion. All of this wasted food means wasted water, labor power, energy, and all the other resources that went into making it -- petrochemicals for pesticide and fertilizer production, energy to run agricultural machinery and transportation to markets, and so forth.

The vast majority of food waste is due to an agricultural and food system set up to generate profit. However, a lack of storage infrastructure in the Global South is a major cause of spoilage and pest infestation before the food reaches markets.

The spread of online shopping was once touted as environmentally more benign than trips to the retail shops, but instead it is adding a new dimension to the waste of resources. According to the Wall Street Journal, "Giant warehouses are springing up across the country as surging online sales send retailers scrambling to find space to house products destined for delivery to customers' homes." The huge increase in e-commerce deliveries means corresponding increases in cardboard boxes, the most rapidly growing part of the 35 million tons of containerboard produced in 2015. Transport of the packages from warehouses creates further environmental damage. Ardeshi Faghri, a professor of civil engineering at the University of Delaware, said that a 20 percent increase of various vehicle emissions that was measured was at least partially caused by more deliveries of goods: "Online shopping has not helped the environment…. It has made it worse."

U.S. per capita energy consumption is twice that of the most industrialized European countries despite a similar standard of living. The United States consumes 25 percent of world energy, but it does so almost 50 percent less efficiently than Europe. Clearly, there is ample room for improvement, especially because Europe is not particularly energy-efficient in the first place.

Waste is also a routine by-product of capitalists' tendency to overbuild capacity in good times, assuming that growth will continue at its same trajectory. The company that overbuilds capacity eventually comes up against a much lower cost producer or mistaken market possibilities or a recession, leading to abandoned factories and stores that are then repurposed, torn down, or just left to decay. Abandoned or torn-down facilities such as steel mills, clothing factories, movie theaters, and malls represent a huge waste of resources. In many cases it makes no social or environmental sense to abandon or tear down such properties, but it becomes a reasonable thing to do in an economy in which decisions are made on whether more profits can be made by abandoning a facility than by repurposing the building or constructing a new one.

The same occurs with homes. Tear-downs are common in middle class and wealthy neighborhoods. A Wall Street Journal article titled "Multimillion-Dollar Homes Face the Wrecking Ball" describes a fourteen-bedroom house being purchased for $11.5 million and the empty lot marketed three years later, after the house was torn down, for $14 million. According to the article, "It's almost becoming routine: eight-figure listings treated as tear-downs -- and marketed as such. Buyers see value in the land, especially in exclusive neighborhoods or on the waterfront. There, they can build brand-new homes with modern design and cutting-edge technology." In other areas, whole working-class neighborhoods have been torn down and residents dispersed in order to build highways through cities or advance urban "renewal" to gentrify or commercialize a district.

During the rapid growth in international trade in the early 2010s, large numbers of ships were constructed to haul raw materials as well as parts and finished goods. But with the decline in global economic growth in the middle of the decade, scrapping the ships became common. "About 1,000 ships that have the combined capacity to haul 52 million metric tons of cargo will be dragged onto beaches, cut into pieces and sold for scrap metal this year [2016]. That is second only to the record amount of capacity of 61 million so-called dead-weight tons that were scrapped and recycled in 2012." While at least the steel is being recycled, the buildup of shipping overcapacity that ends with ships on the scrap heap when shipping prices plunge during a slowdown is a colossal waste of material and human resources.

In addition to all the other sources of waste we've discussed, the military needs to be acknowledged as a sinkhole into which large amounts of resources disappear. One example is the Obama administration's $1 trillion plan to "modernize" U.S. nuclear weapons and the introduction of the most expensive weapons project in history, the F-35 fighter jet. This plane became notorious for escalating costs and failed tests. "With an American fleet of more than 2,400 planes planned by the late 2030s -- projected total costs will exceed $1 trillion. One billion dollars will be needed just to pay for the highly advanced pilot helmets, running to $400,000 apiece." Imagine what might be able to be done to repair U.S. public schools if $2 trillion (the cost of the F-35 and nuclear weapon "modernization") was used to create healthy and pleasant places for children to learn. The $178 million cost of just one of the planes is enough to provide 3,358 years of college money.

And though the human costs of the U.S.-led wars in Iraq and Afghanistan in the early decades of the twenty-first century are horrendous, the financial costs run into the trillions of dollars -- money that could have done much good if spent on social programs in the United States and abroad.

The military also wastes incredible quantities of fuel. It is exempt from all international climate agreements and local environmental regulations at its hundreds of bases worldwide, allowing the U.S. military to be the single largest institutional user of fossil fuels and by far the world's biggest polluter.

 

A full 80 percent of the energy consumption of the federal government is for the operation of the Department of Defense. According to the CIA's World Factbook, in 2006 only thirty-five countries used more oil per day than the Pentagon. 

The U.S. war in Iraq emitted more CO2 each year than 60 percent of all countries on the planet combined  :o .


Even within the military, a voluminous budget of almost $1 trillion and guaranteed cost-plus contracts facilitate gargantuan waste, such as the $385 billion for military contractors for U.S. overseas bases over a twelve-year period.


http://www.truth-out.org/opinion/item/41639-capitalist-economies-create-waste-not-social-value
Posted by: AGelbert
« on: August 15, 2017, 05:54:23 pm »



Economic Update: Faith and Labor Fight Inequality

Tuesday, August 15, 2017

By Richard D. Wolff, Truthout | Audio Segment 
 


This week's episode discusses

how golf courses are economically undemocratic,

how US drug corporations block cheap medicine imports,

why US corporations don't deserve tax cuts,

how Monsanto bought academic research to keep Roundup on the market,

and the economics and politics of scapegoating immigrants in the US and Germany.


The episode also includes an interview with Joerg Rieger and Rosemarie Henkel-Rieger on how they combine faith and labor advocacy to fight inequality.

  http://www.truth-out.org/news/item/41602-economic-update-faith-and-labor-fight-inequality
Posted by: AGelbert
« on: August 08, 2017, 10:32:56 pm »

Do You Want Your Tax Policy Written by the Koch Brothers? (w/guest Robert Weissman)


Thom sits down with Robert Weissman (President - Public Citizen) to talk about what's coming down the pike with republicans' "tax reform" plans.

Aug. 7, 2017 6:00 pm
Posted by: AGelbert
« on: August 07, 2017, 09:33:05 pm »

Bank CEO Profits Are The Loans Refused To Workers 


Augus 4, 2017

Thom explains one of the ways Banks break their social responsibility in order to use the loans, which are rightly the property of the people, for their own profit.
Posted by: AGelbert
« on: August 06, 2017, 03:22:09 pm »


Do conservatives ever become liberal?

Quote


Stefanie Krzeminski, Former Republican that voted for Bernie in the primaries

Answered Jul 26, 2017

I did, I was a Republican until I was about 25. I listened to Sean Hannity, Rush Limbaugh, Glenn Beck, Mark Levin, NRA Radio, and others pretty much every day for years. I was disgusted when anyone put on any news channel other than Fox News. Somehow I still managed to have liberal friends. They are very nice, tolerant people.

I generally would avoid any “liberal” media or topics, but I remember deciding to watch a global warming show on National Geographic just to confirm that I could prove that it was a bunch of BS. I walked away horrified, questioning myself and really upset about polar bears.

The next step was when I moved to DC and realized that I had NEVER spent any real time around people who weren’t white. I realized that that really didn’t give me much authority to judge others. I saw my coworkers working harder than me and still struggling with finances etc. I could see my “privilege” playing out before my eyes.

I was also working for a law firm that processed foreclosures. I spoke with borrowers on the day we were going to auction their home. I listened to their stories while they cried and begged me to stop the sale. I saw how heartless the Republican response was to people who were really suffering and the fact that the problem was so wide spread spoke to the fact that this was a systemic issue, not a personal responsibility issue.

I saw how soulless and ill functioning corporations were when dealing with such a sensitive topic. I saw how complicated, opaque and exploitative the mortgage industry was. I started supporting consumer protection laws, when I used to believe that it was the consumer’s job to read every line of a contract and research on their own to protect themselves. It’s simply not possible to do this when you are working and trying to raise a family. The fact that a law firm that did this work regularly struggled to keep up meant that a normal person had no chance.

The death knell for my conservatism was when Glenn Beck pretty much put me into panic attack territory and I had to take a break from politics. I can’t remember what the topic was exactly, but I remember thinking that it couldn’t be right for me to be this stressed out when everyone else seemed fine. I liked the “cultural” NPR podcasts about food etc, but I vowed that I wouldn’t start listening to their liberal propaganda. Well, obviously that didn’t last.

Over the next two and half years I slowly realized how wrong and heartless I had been as a conservative. As I met more people with different backgrounds, I realized how incredibly narrow, arrogant and lacking in empathy my perspective was. I always considered myself to be a nice and compassionate person, but my conservative beliefs didn’t allow me to act or respond in a way that made me function with kindness and compassion.

I am also much happier as a liberal. I feel that people should be a community. Looking directly at suffering is incredibly uncomfortable and I always feel like I don’t do enough, but I know for sure now that I’m not lying to myself. I always questioned whether my position was the right one as a conservative.

Finally, I always used to ask myself whether I would be on the right side of history if another crisis of humanity arose in my backyard. I’m now positive that I’m fighting the right fight.

https://www.quora.com/Do-conservatives-ever-become-liberal

 
Posted by: AGelbert
« on: August 05, 2017, 07:41:01 pm »

We Know Vast Wealth is Unhealthy, So Why Do We Idolize the Wealthy?


Aug. 3, 2017

Thom talks about the latest oligarch to show signs of political aspirations, and what being super rich can do to a person emotionally and spiritually.
Posted by: AGelbert
« on: July 28, 2017, 07:05:01 pm »



Economic Update: The Economics of Socialism

Friday, July 28, 2017

RICHARD D. WOLFF

Quote
Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, where he taught economics from 1973 to 2008. He is currently a visiting professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a visiting professor of economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info.

By Richard D. Wolff, Truthout | Audio Segment



http://www.truth-out.org/news/item/41427-economic-update-the-economics-of-socialism
Posted by: AGelbert
« on: July 27, 2017, 02:11:08 pm »

Bannon Wants to CON us into believing he wants to Tax the Real Rich

I don't agree with much of Steve Bannon's alt.right agenda, but I love this idea. Raise the marginal income tax rate for people who make more than 5 million bucks a year, to 44% instead of 39.5.

At least Bannon understands the difference between the real rich and the merely affluent, something most people don't get, and no politicians care to recognize. This is something I've bitched about for years, as everyone on the Diner knows.

This idea will be DOA with the Republican Congress, I can tell you that.


STEVE BANNON  PUSHING FOR 44 PERCENT MARGINAL TAX RATE ON THE VERY RICH 

Ryan Grim
July 26 2017, 3:25 p.m.


TOP WHITE HOUSE adviser Steve Bannon is pushing for tax reform to include a new 44 percent top marginal tax rate, hitting people who earn more than $5 million a year, with the revenue paying for tax cuts for the rest, according to three people who’ve spoken to him recently.

The top rate is now 39.6 percent and most Republicans have been planning to lower it significantly as part of tax reform. The plan Trump put out previously would have only three brackets, with the top one brought down to 35 percent.

Raising taxes on the very rich has been a rare policy that President Donald Trump has publicly espoused throughout much of his life. On Tuesday, he told the Wall Street Journal, “if there’s upward revision it’s going to be on high-income people.”

“I have wealthy friends that say to me, ‘I don’t mind paying more tax,’” he said. White House spokesperson Sarah Huckabee Sanders was pressed on Trump’s comment at a televised briefing Wednesday, and said that further specifics of the plan would be released shortly, with an emphasis on tax cuts for the middle class.

Axios previously reported that Bannon was looking to raise the top marginal rate to “something with a four in front of it,” but the 44 percent bracket for those making $5 million and above is a more fleshed out proposal. Bannon has described himself as an “economic nationalist” and has pushed a populist agenda both through his previous outlet Breitbart News and and as an adviser to Trump. That contrasts with what Bannon calls the “globalist” wing of the party, made up by people like economic adviser Gary Cohn (though both Cohn and Bannon come from Goldman Sachs).

When the broad outline of the tax hike was reported earlier, Breitbart covered it favorably. The hike on the very rich would face stiff opposition from congressional Republicans, but find favor with Democrats.

According to IRS data, just over 43,000 people filed tax returns for the year 2014 claiming income of at least $5 million, accounting for $600 billion in taxes, or 8.8 percent of the total taxes paid.

The new rate would only apply to about a third of that money, as the 44 percent kicks in at the $5 million level. Still, the hike would pull in around $18 billion per year, or $180 billion over 10 years.

https://theintercept.com/2017/07/26/steve-bannon-pushing-for-44-percent-marginal-tax-rate-on-the-very-rich/

I don't believe a WORD that Bannon says. Anyone that does is kidding themselves. The guy is a wedge issue EXPERT.         


For example, Bannon was HAPPY about all the protests against the Immigration ban because, even though he KNEW it would probably not make it to law, he WANTED the white population of the US to get stirred up against the immigrant HISPANICS when they went out in large numbers on the street!   

That's right, he EXPECTED AND PLANNED TO TAKE ADVANTAGE OF HATE BY BIGOTS.  He explained calmly that he set all this up so it would appear to Trump's base that Trump was "keeping his promises" to them.

But there's more. Bannon firmly believes that MOST Americans (Bannon's definition of "American" = person of white European descent  ;)) are racist, which is the "logical" way to be, according to Bannon, despite his claims of "not being a racist".

So, making the HISPANIC immigrant population more visible in the eyes of "Americans" is a great method of strirring up hatred and consolidating power for the "good" of "Americans". It is a mere coincidence that this gives Bannon and Trump more and more despotic power. Bannon is counting all those "good Germans" out there to help Trump and Bannon DO their THING.

In Germany, they know EXACTLY what Trump and Bannon's THING is (see below):


Here's an article that is rather clear to anybody possessing a shred of objectivity:

SNIPPET:
Quote
Steve Bannon, Michael Savage and Alex Jones (among others) are now in the cockpit of national power, while the nation's major newspapers and television networks are doing their very best to "normalize" avowed bigot and fascist (using Mussolini's definition of the word) Donald Trump. Bannon is Trump's chief adviser. ...

 ...Bannon's ex-wife has even testified in court that Bannon has 'said he doesn't like Jews' and didn't want his children to go to school with Jews."

Bannon and company are some of the most talented practitioners of the dark arts of political propaganda in this country, and they all came together like beads of mercury under Trump's banner. It's essentially a Kristallnacht waiting to happen: the murder of a policeman by a black man or undocumented Hispanic, or a Muslim suicide bomber will fuel weeks of media melodrama in their hands as they continue to create an alternative reality for cable news while driving a policy agenda dictated by petro-billionaires.
https://www.thomhartmann.com/blog/2016/11/big-trump-media-story-bannon-and-crew-dangerous-propagandists-are-cockpit-national-powe

He is VERY clever, in a satanic sort of way. What ICE is doing was started by Obama. But Bannon and Trump have increased it for propaganda purposes, NOT to improve working conditions or add jobs for the poor in the USA! Bannon and Trump USE wedge issues to stir up HATE so they can gain more POWER, period!

A Veteran ICE Agent Speaks Out: ‘We Seem to Be Targeting the Most Vulnerable People’

Now this "taxing the rich" BULLSHIT he is peddling is MORE smoke and mirrors to make Trump's base believe that Trump is "keeping his promises" to "poor downtrodden whitey red blooded Merikans". And even the poor among the minorities might fall for this sucker play.

Eddie, do not be fooled by this. Here is a video interview with Joshua Green, a man that met, talked with and studied Bannon IN DEPTH that explains Bannon's MO and WHY Bannon's ideology provides inspiration for him to cook up this kind of clever sleight of hand swindle to SUCKER people so the racist wealth worshiping fascsists can continue consoliditating their power in the USA.   


Joshua Green wrote a book titled, "Devil's' Bargain", where Trump and Bannon's methods are objectively exposed.  In this interview, he explains why Bannon DOES what he DOES.


The rich are the LAST people that are worrying about this SUCKER PLAY. Bannon wants to "Tax the RICH" ??

The system is GAMED in favor of he rich crooks that have slowly, silently STOLEN EVERYTHING THEY HAVE from we-the-people. The process began with inflation fun and games. It proceeded from there to make an artificial tax rate distinction between "earned" and "unearned" income. If Bannon really wanted a just tax reform, the FIRST thing he would have to do is ELIMINATE the distinction between "earned" and "unearned" income, including that ridiculous term called "Capital gains". BUT HE HAS NOT SAID ABSOLUTELY ANYTHING ABOUT ADDRESSING THAT SOCIALISM FOR THE RICH WELFARE QUEENS GIVEAWAY. His silence on that says it ALL!

You are crazy if you think Bannon has ANY plans to change that socialism for the rich ONLY SCAM that Trump and Bannon wholeheartedly SUPPORT!  That will only get WORSE under Trump and his wrecking crew.


Posted by: AGelbert
« on: July 25, 2017, 10:40:58 pm »

We Must Put CEOs In Prison To Save Democracy Part One

Almost right.



RE

NICE graphic! 

Mine looks puny compared to yours.

I'm going to add yours to my collection.     
Posted by: AGelbert
« on: July 25, 2017, 08:58:46 pm »

We Must Put CEOs In Prison To Save Democracy Part One


Thom Hartmann Program

Published on Jul 25, 2017

Thom talks to Jesse Eisinger, author of The Chickenshit Club, on how justice fails to prosecute executives in this riveting two part interview.



We Must Put CEOs In Prison To Save Democracy Part Two


Thom is joined by author of The Chickenshit Club, Jesse Eisinger who says that we must put CEOs' in prison to save democracy, in part two of today's interview.
 
Posted by: AGelbert
« on: July 17, 2017, 09:12:02 pm »

WTC 1 and 2 I will always contend were also brought down.  The video footage that day showed clear puffs of smoke going out twenty feet at ninety degree angles at the corners of the towers a second before they began to fall.  The ninety degree puffs were simultaneous but each floor went off in succession from the top down.  I recall one newscaster even making a comment about it. 

https://en.wikipedia.org/wiki/Barbara_Olson announced what would happen on late night T.V. two weeks before the towers went down and she was on one of the planes.  I believe she knew too much.  I know what I saw and that won't change until I like these two truths which I will always remember while I breath blow in the wind.

We live in a photo-shopped future and are lied to every day.


I agree 100%.  It has always boggled my mind that America could believe 9/11 was perpetrated by some terrorist with box cutters.  The official story is obnoxiously obscene.  There are more holes in the official story than your average colander.  You don't have to be an expert of anything to look at the facts about 9/11 and know that the official story is a bunch of lies.  But WTC-7 was always the smoking gun.  They didn't even cover it's collapse in the government 9/11 report...not a word about it...they just officially ignored it.  But watch the footage.  It is obviously a planned demolition.  It literally disappears in a matter of seconds.  You've got to be smoking some strong **** to believe the official 9/11 story. 

Mike Ruppert tore that **** apart with Crossing the Rubicon


Agreed. There is going to be hell to pay when the public finally realize how this 9/11 mega-grand larceny disguised as a "terrorist attack" asset stripped trillions of dollars from we-the-people.


Posted by: AGelbert
« on: July 17, 2017, 07:46:46 pm »


9/11 - What Happened to the Passengers?

NRUN65

1,890,263 views

Published on Sep 26, 2016

9/11 revisited - This video examines evidence of the impossibility of the airborne cell phone calls from the nine passengers that were indicated on the Caller-ID's of the recipients as recorded in FBI reports. The technology for such calls did not exist in 2001 (refer to video description). If the cell phone calls could not have been made from the planes in the air, where were they made from? If those cell phone calls were not made in the air, the "19-Hijacker Conspiracy Theory" is seriously damaged.

This video is a portion of the excellent 5-hour 9/11 investigative film "September 11 - The New Pearl Harbor" by Massimo Mazzucco. For the complete 5-hour film (separated into 3 parts) click the links at the bottom.

Prior to 2004 cell phone calls from fast high flying aircraft were impossible because of the technology then in use.

But in 2004 Qualcomm Incorporated announced in a July 15, 2004 press release:
"American Airlines and Qualcomm Complete Test Flight to Evaluate In-Cabin Mobile Phone Use" [ https://www.qualcomm.com/news/release... ]:
"Qualcomm Incorporated...and American Airlines today successfully demonstrated in-cabin voice communication using commercially available CDMA mobile phones on a commercial American Airlines aircraft...
The proof-of-concept demonstration flight originated out of the Dallas/Fort Worth International airport. During the approximate two-hour flight, passengers were able to place and receive phone calls and text messages on their mobile phones....'We are pleased to have worked so closely with American Airlines to complete this proof-of-concept demonstration for the in-flight use of 3G CDNA technology,' said Dr. Irwin Jacobs, chairman and CEO of Qualcomm..."

On 9/11, people receiving cell calls allegedly from the hijacked aircraft reported the unusual clarity of the calls - as if they were calling from the next room. However, cell phone calls in the Qualcomm demonstration, "...was about the same as a regular cell call on the ground, other than the loud background noise on the MD-80 jet."
[ http://usatoday30.usatoday.com/tech/w... ]

This lack of background noise could make one wonder if those cell calls were really being placed from the inside of a hijacked jetliner in flight.

Remote controlled aircraft? - http://www.journalof911studies.com/vo...

There is evidence that Flight 77 and Flight 11 were not even scheduled to fly on 9/11.....not that they were scheduled and subsequently canceled - but that a Flight 77 and a Flight 11 were never scheduled in the first place - passengers aren't booked on flights which do not exist.

Prior to sometime in 2004 the Bureau of Transportation Statistics (BTS) website for September 11, 2001 showed no record of a Flight 77 or a Flight 11[ Evidence that Flights AA 11 and AA 77 Did Not Exist on September 11, 2001 - http://www.serendipity.li/wot/aa_flts... ]. Then, in 2004, Flight 11 and Flight 77 were "added" to the BTS data for 9/11/2001 but they show no departure time nor an aircraft tail number - this link includes a screen capture of the "new" Flight 11 data: http://letsrollforums.com//happened-p...

Back in 2003 when the evidence to invade Iraq was being pushed to get public support it seemed more than a bit shady so I began looking into questions then being aired about the 9/11 attacks - and this 9/11 flight scheduling anomaly came to light. When I went to the Bureau of Transportation website, I found the same information as shown in the links below:

Flight 93 - UA: Newark, NJ — Newark International http://www.serendipity.li/wot/aa_flts...

Flight 175 - UA: Boston, MA — Logan International http://www.serendipity.li/wot/aa_flts...

Flight 11 - AA: Boston, MA — Logan International http://www.serendipity.li/wot/aa_flts...

Flight 77 - AA: Washington, DC — Washington Dulles International http://www.serendipity.li/wot/aa_flts...

September 11 - The New Pearl Harbor (Full version) - Part 1 of 3 https://www.youtube.com/watch?v=I5ppQ...

September 11 - The New Pearl Harbor (Full version) - Part 2 of 3 https://www.youtube.com/watch?v=ahPo6...

September 11 - The New Pearl Harbor (Full version) - Part 3 of 3 https://www.youtube.com/watch?v=haVF4...
Posted by: AGelbert
« on: July 17, 2017, 06:50:08 pm »

9/11 Trillions: Follow The Money
Published on Sep 11, 2015

TRANSCRIPT, SOURCES AND MP3: https://www.corbettreport.com/?p=16167

Forget for one moment everything you've been told about September 11, 2001. 9/11 was a crime. And as with any crime, there is one overriding imperative that detectives must follow to identify the perpetrators: follow the money. This is an investigation of the 9/11 money trail.

JULY 14, 2017
CIA Agent Confesses On Deathbed: ‘We Blew Up WTC7 On 9/11’ 

By Baxter Dmitry

July 14, 2017 “Information Clearing House” – 79-year-old retired CIA agent, Malcom Howard, has made a series of astonishing claims since being released from hospital in New Jersey on Friday and told he has weeks to live. Mr. Howard claims he was involved in the “controlled demolition” of World Trade Center 7, the third building that was destroyed on 9/11.

Mr. Howard, who worked for the CIA for 36 years as an operative, claims he was tapped by senior CIA agents to work on the project due to his engineering background, and early career in the demolition business.

Trained as a civil engineer, Mr. Howard became an explosives expert after being headhunted by the CIA in early 1980s. Mr. Howard says has extensive experience in planting explosives in items as small as cigarette lighters and as large as “80 floor buildings.”

The 79-year-old New Jersey native says he worked on the CIA operation they dubbed “New Century” between May 1997 and September 2001, during a time he says the CIA “was still taking orders from the top.” Mr. Howard says he was part of a cell of 4 operatives tasked with ensuring the demolition was successful.

Mr. Howard says the World Trade Center 7 operation is unique among his demolitions, as it is the only demolition that “we had to pretend wasn’t a demolition job”. He claims he had no problem going through with the deception at the time, because “when you are a patriot, you don’t question the motivation of the CIA or the White House. You assume the bigger purpose is for a greater good. They pick good, loyal people like me, and it breaks my heart to hear the **** talk.”

But even he admits that now, looking back, “Something wasn’t right.”

“No good has come from this. This isn’t the America we envisioned.”


Explaining how the building was bought down, Mr. Howard says, “It was a classic controlled demolition with explosives. We used super-fine military grade nanothermite composite materials as explosives. The hard part was getting thousands of pounds of explosives, fuses and ignition mechanisms into the building without causing too much concern. But almost every single office in the Building 7was rented by the CIA, the Secret Service, or the military, which made it easier.”

Mr. Howard explains that WTC 7 was “loaded with explosives in strategic places” in the month leading up to the day that changed the course of American history. On September 11th, while the North and South towers burned, fuses were ignited in World Trade Center 7, and nanothermite explosions hollowed out the building, destroying the steel structure, removing the reinforcements, and allowing the office fires to tear through the rest of the building, hollowing it out like a shell.

World Trade Center 7 collapsed into its own footprint at 5:20pm, seven hours after the destruction of WTC 1 and 2. The building shocked witnesses by coming down at the speed of freefall, indicating that it encountered zero resistance on the way down.

Mr. Howard and his colleagues had done their job.

“When the building came down, it was such a rush. Everything went exactly to plan. It was so smooth. Everybody was evacuated. Nobody was hurt in WTC 7. We were celebrating. We kept watching replays of the demolition, we had the whiskey and cigars out, and then all of a sudden the strangest thing happened. We all started to worry that it looked a bit too smooth. We watched the tape again and again and again and we started to get paranoid. It looked like a controlled demolition. We thought ****, people are going to question this. And then we heard that people from the street were reporting that they heard the explosions during the afternoon. When we were told that the BBC botched their report and announced to the world that the building collapsed 20 minutes before it actually did… At that point we really thought the gig was up.”


According to the official 9/11 report issued by the government, WTC 7 collapsed due to “uncontrolled fires” that were caused by debris that floated over from WTC 1 and 2, which had been hit by passenger planes. If the official narrative was true, WTC 7 would be the first tall building in the world to ever collapse due to uncontrolled fires, and the only steel skyscraper in the world to have collapsed into itself, due to “office fires.”

Mr. Howard and his colleagues feared the public would see through the official narrative and rise up against the government, demanding to be told the truth.

“There were so many loose ends, so much evidence left behind. We thought the public would be all over it. We thought there would be a public uprising that the media couldn’t ignore. They’d be funding investigations and demanding to know why they were being lied to. We thought they’d find chemical composites in the area that would prove Building 7 was blown up.

“We thought there would be a revolution. It would go all the way to the top, to President Bush. He’d be dragged out of the White House.

“But none of that happened. Almost nobody questioned anything. The media shot down anyone who dared question anything they were told.”

Follow the money

Mr. Howard claims he has “no direct knowledge” about the destruction of North and South Towers of the World Trade Center, explaining that “CIA operations are very specific” and that it is common to be working on a larger project while only understanding a small piece of the puzzle.

[9/11: Larry Silverstein Designed New WTC-7 One Year Before Attacks]

But he has advice for investigators seeking to understand the entire puzzle and work out who was behind the most devastating attack on American soil in history.

“Follow the money.”

“When you want to find out who is behind something, just follow the money. Look at the trades made just before 9/11. These are the guys that knew what was coming. The sons of CIA agents, government officials. Close relatives of the most powerful men in America. Cheney, Rumsfeld. They all got rich. It wasn’t just the contracts awarded to their friends in the construction business and the wars and the kickbacks.”

“It was insider trading.”

Many countries including Britain, France, Germany, Italy, Japan and Monaco launched insider trading investigations in the wake of the 9/11 attacks, believing that if they could prove Al-Qaeda operatives profited on the stock market then they could prove the terror organization was behind the attacks.

And all the evidence pointed to heavy insider trading around 9/11.

Italy’s foreign minister, Antonio Martino, said: “I think that there are terrorist states and organizations behind speculation on the international markets.” German central bank president, Ernst Welteke, said his researchers had found “almost irrefutable proof of insider trading.”

Even CNN reported that regulators were seeing “ever-clearer signs” that someone “manipulated financial markets ahead of the terror attack in the hope of profiting from it.”

Mr. Howard says that a serious study of who profited on the stock market from 9/11 would “tear the heart out of the oligarchy in America.”

“There is only one organization that spans the entire world, and let me tell you now, it isn’t and it never was al-Qaeda.”

It’s the CIA.

“There could never be a real investigation. The entire shadow government, as you call them now, are implicated.”

The 79-year-old, spending his final weeks at home, said he doesn’t expect to be taken into custody following his confession because “then they’d have to go after everyone else. They will just use the media to attack me. They are all on the payroll to suppress everything around 9/11.”

Baxter Dmitry is a writer at Your News Wire. He covers politics, business and entertainment. Speaking truth to power since he learned to talk, Baxter has travelled in over 80 countries and won arguments in every single one. Live without fear. – Email: baxter@yournewswire.com – Follow: @baxter_dmitry

This article was first published by Your News Wire –

http://www.informationclearinghouse.info/47440.htm

Videos at link:

https://counterinformation.wordpress.com/2017/07/14/cia-agent-confesses-on-deathbed-we-blew-up-wtc7-on-911/
Posted by: AGelbert
« on: July 14, 2017, 09:30:20 pm »

Global Capitalism: Evaluating 6 months of the Trump/GOP economy [July 2017]


Published on Jul 12, 2017
Fan of Economic Update with Prof. Richard Wolff? The show is now available on YouTube! Support the show on Patreon: https://www.patreon.com/economicupdate

Global Capitalism: "Evaluating 6 months of the Trump/GOP economy"
with Richard D. Wolff
Co-sponsored by Democracy at Work,
Left Forum & Judson Memorial Church

These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For July 2017, these issues will include:

1. The G-20 meeting in Hamburg: austerity and protectionism

2. Wrong debate in Seattle: minimum wage vs unemployment

3. The UBER-type scam is very old


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.
Posted by: AGelbert
« on: July 14, 2017, 02:43:56 pm »

Thanks to Wall Street, Average Joe Can Now Bet Against America


July 12, 2017

On tonight’s Big Picture, Thom talks with Richard Wolff about the Fed’s plan to begin unwinding a stimulus within months. Then he talks with Bryan Pruitt and Doug Christian about a recent poll where a Majority Of GOP’ers say colleges are bad for America, that somehow we can afford military jets but not universal healthcare, and a planned day of action for net-neutrality.
Posted by: AGelbert
« on: July 12, 2017, 01:48:20 pm »

Seattle Targets the CROOKS stealing from we-the-people (i.e. the "Rich")
 


Seattle Answers Trump's War on Workers by Taxing the Rich

TheRealNews

Published on Jul 11, 2017

The measure faces an imminent legal challenge, but co-sponsor Kshama Sawant  says the Tax the Rich movement will persevere 

Posted by: AGelbert
« on: July 04, 2017, 05:20:29 pm »

Agelbert NOTE: The French are divesting from major assets in Trumpland, for some reason. I can't imagine why.  ;)

CMA CGM Sells 90 Percent Stake in Port of Los Angeles Container Terminal

July 3, 2017 by Reuters

PARIS, July 3 (Reuters) – French container shipping firm CMA CGM said on Monday it had agreed to sell a 90 percent Stake in Port of Los Angeles Container Terminal.


CMA CGM will retain a 10 percent interest in the Global Gateway South terminal after the deal with funds EQT Infrastructure and its partner P5 Infrastructure, the company said in a statement.

The terminal came under CMA CGM’s ownership through its 2015 takeover of Singapore’s Neptune Orient Lines (NOL), a $2.4 billion deal that marked the Marseille-based group’s biggest-ever acquisition.

CMA CGM said the sale would help it pay down debts following the NOL takeover and that it was part of its strategy of focusing on shipping. At the time of the NOL takeover, CMA CGM said it aimed to make divestments of $1 billion after reviewing assets.

The acquisition of NOL, which operated under the commercial name APL, handed CMA CGM market leadership in trans-Pacific routes, with a strong presence on the U.S. west coast.

The NOL acquisition was part of a wider consolidation in the container shipping industry in the midst of a deep downturn in the past few years due to overcapacity and faltering global economic growth.

CMA CGM has posted a profit since the end of last year, supported by a recovery in NOL’s operating results.

BNP Paribas and HSBC acted as financial advisors on the deal, CMA CGM said. (Reporting by Gus Trompiz; writing by Leigh Thomas, editing by David Evans)

(c) Copyright Thomson Reuters 2017.

http://gcaptain.com/cma-cgm-sells-90-percent-stake-port-los-angeles-container-terminal/

WHO BOUGHT THE TERMINAL FACILITIES? ??? I'm glad you asked.  ;D

EQT Infrastructure to acquire majority interest in Global Gateway South terminal in Port of Los Angeles

MON, JUL 03, 2017 01:00 EST

EQT Infrastructure to acquire a majority interest in Global Gateway South, a leading container terminal in the Port of Los Angeles operating under a long-term concession.

EQT Infrastructure will partner with P5 Infrastructure to transform Global Gateway South into a global leader in trade infrastructure.

Seller CMA CGM, the world’s third largest shipping line and the largest on the Asia-US trade route, will retain 10% ownership and sign a long-term utilization agreement with the terminal.

The EQT Infrastructure III fund (“EQT Infrastructure” or “the fund”) has signed a definitive agreement to acquire 90% of Global Gateway South (“GGS” or “the company”), a leading terminal in the North American Port of Los Angeles, with an enterprise value of USD 875 million. EQT Infrastructure has partnered with port operating firm P5 Infrastructure (“P5”) to develop a value creation plan aimed at transforming GGS into a world class operation. Current owner, CMA CGM, will retain a 10% ownership stake in GGS and has entered into a long-term contract as the largest customer of the terminal.

The Port of Los Angeles, together with the Port of Long Beach, form the largest and most important gateway in North America for growing transpacific trade flows. GGS is the third largest terminal in the Ports of Los Angeles and Long Beach in terms of capacity, and operates under a long-term concession that runs through 2043. The terminal provides intermodal container handling services to shipping lines including stevedoring, intermodal/truck services, storage and maintenance, and is on track to handle over one million containers in 2017. GGS benefits from a superior waterfront location and berth depth that enables the terminal to accommodate the latest and future generations of large container ships. These characteristics, together with an ideal layout and superior rail connectivity, position GGS to become one of the most relevant and efficient terminals in North America.

EQT Infrastructure and P5 have developed a plan to transform GGS from an asset operated as a cost center, into a leading North American terminal in terms of capacity and efficiency. The strategy includes significant capital investments in cranes, other handling equipment and technology to increase capacity and efficiency. The growth of the company will be supported by an industrial Board of Directors with significant ports and container shipping expertise.

Lennart Blecher, Head of Real Assets and Deputy Managing Partner at EQT, Investment Advisor to the fund, said: “The acquisition of GGS fits perfectly with EQT Infrastructure’s focused sector approach of targeting high-quality, well-located logistics assets with transformation potential. The combination of P5’s and EQT’s vast industrial expertise will be a great foundation for sustainable value-creation for the terminal. We are also very happy with CMA CGM’s continued support and engagement”.

Farid Salem, Executive Officer of CMA CGM, said: “We are very pleased to partner with EQT Infrastructure. Together we will develop GGS into a world class terminal company. The terminal will remain an important part of our industry leading logistics network, and will have an opportunity to grow alongside CMA CGM. Throughout the sales process, EQT Infrastructure and P5 have focused on growth in addition to a responsible, hands-on ownership approach, which we consider highly beneficial  to our future partnership”.

Sean Pierce, CEO of P5 Infrastructure stated, “We look forward to investing alongside EQT Infrastructure and implementing our value creation strategy in order to deliver value for our shareholders, partners and employees”.

The transaction is subject to customary conditions. It is expected to close in the fourth quarter of 2017.

Jefferies LLC acted as sole financial advisor and Allen & Overy LLP acted as legal advisor to EQT Infrastructure.

Contacts:
Alex Darden, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, +1 (917) 281 0849
EQT Press Office, +46 8 506 55 334
Mat Goldsmith, Director of P5 Infrastructure, +1 (646) 872 5267

About EQT
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More information: www.eqtpartners.com

About P5 Infrastructure
P5 Infrastructure is a port infrastructure investment company, focused on owning and operating port and port related infrastructure. P5 seeks fort infrastructure investments where our operating team’s expertise and our proprietary management systems can be applied to drive productivity, increase revenue and reduce costs.

About CMA CGM
CMA CGM, founded by Jacques R. Saadé, is a leading worldwide shipping group. Its 445 vessels call more than 370 ports in the world on all 5 continents. In 2016 they carried 15.6 million TEU (twenty-foot equivalent units). Now headed by Rodolphe Saadé, CMA CGM enjoys a continuous growth and keeps innovating to offer its customers new maritime, terrestrial, and logistical solutions. With a presence in 160 countries and through its 600 agencies network, the Group employs 29,000 people worldwide, including 2,400 in its headquarters in Marseilles.

More information: www.cma-cgm.com 


https://news.cision.com/eqt-ab/r/eqt-infrastructure-to-acquire-majority-interest-in-global-gateway-south-terminal-in-port-of-los-ange,c2301121


Agelbert NOTE:
I have a feeling the buyers are Fascist Republicans. I can't image why. 

Posted by: AGelbert
« on: June 29, 2017, 08:10:24 pm »

Noam Chomsky Destroys Libertarianism


RethinkingLife

Published on Jun 5, 2017



Posted by: AGelbert
« on: June 29, 2017, 08:00:20 pm »

Noam Chomsky Explains How Republicans Lie About Social Security To Destroy It  >:(

RethinkingLife

Published on Jun 8, 2017
Posted by: AGelbert
« on: June 28, 2017, 10:33:17 pm »

Dr. Richard Wolff - The Death Economy, Opioids & Capitalism Exposed


June 27, 2017

Big Picture Interview: Economist Dr. Richard Wolff, Capitalism's Crisis Deepens Essays on the Global Economic Meltdown/Democracy At Work. As Republicans push for this murderous healthcare, Americans are literally dying, increasingly as a result of opioid overdoses. Does this omnipresence of death in American society tell us something about capitalism?


Posted by: AGelbert
« on: June 27, 2017, 02:06:56 pm »

DoctorWhom,
UB (otherwise known as Uncle Bob) is a Libertarian, more or less. IOW, he believes all those social programs are baloney. I totally disagree with him on that score, and have given him "Da Bidness"   on it several times in the past. At any rate, I suspect he was rather pleased to see someone win (Trump) who wants to drown government in a bathtub while the 1% cheer. That is, to UB, a "good" thing because it will make all the "lazy bums" out there have to "work for a living".

That is precisely the mindset that gave UB, who  lives in Australia, a DEAD GIANT CORAL REEF called the Great Barrier Reef.

UB, you are a smart man, but your ideology lacks empathy. Yes, I know you have your own rather convenient view of how much "empathy" humans need to have to be "emotionally healthy". Good luck with that self centered attitude, Doctor, while the biosphere goes to hell in a profit over people and planet Libertarian, greed based, HAND BASKET.


I am all for smaller less intrusive govt. What Social programs i think we can do without need to be specific.  I believe in free healthcare   , free education    including trade     and tertiary with conditions like real competence   , and social security   , again with certain conditions  ;). I dont believe someone incapacitated or has been in jail the last 5 yrs should be expected to find work and have no other income  . I don't agree with paying someone effectively 100$ a week for every additional child they have. I've seen single mothers with 6 children on incomes of 1100-1200$ a week. Of course they do have a boyfriend, but he is never admitted living together. Incentivizing this    instead of a little hand me down usually does none of those 6 children any favours.

I considered Trump winning last november a hail mary pass there was a chance he meant what he was saying about less military intervention around the world and reversing the slide toward world war 3. I expected at least half to be disappointed. I enjoyed his humiliation of the msm, and both clintons, especially bringing r a p  e victims to debates, but never really trusted him. Its clear now, it was all an act and not one word he uttered was earnest.


You are a doctor of the mind and you knew darned good and well the carnival barker, con artist, narcissistic, empathy deficit disordered manipulator that Trump was, and is, from the start. I do not have your insight, your credentials or your experience, yet I knew what he was up to from the start. While I celebrate the fact that you have come around to seeing Trump as he really is, I insist that the only reason you didn't see him that way earlier is that you were blinded by "free market" ideology. I find it hard to believe that you were swayed by Trump's anti-Clinton talk. A con artist will use the truth to disparage a competitor if he can, which is what Trump did. But you should have known that Trump could care less about even the most heinous acts perpetrated by the Clintons. Of course Clinton was a non-choice. But that did not make Trump the choice.

The Green Party Candidate was, once Sanders was railroaded, the only ethical choice. You did not support her because of your ideology, UB.

I could have a very long conversation with you involving first causes as to why your belief that people on welfare have a pecuniary incentive to have children is based on ideology, not cause and effect in society and government. But I wont simply because you assume that it is blatantly obvious that people are all about taking a free ride when they are given an opportunity. That is part of your ideology. I agree many are like that. But they did not get that way because they were born that way. But like I said, this is like a well (deep subject  ;D).

At any rate, I'm glad you and yours are still healthy. May you continue to do well. 
Posted by: AGelbert
« on: June 26, 2017, 08:14:21 pm »

Reinventing the Economy to End Oppresion - Our system is Foundationally Corrupt

Jun. 23, 2017 5:50 pm


On tonight’s Big Picture, Thom discusses the human rights movement and its connection to the economy with activist and author Peter Joseph.  As runaway global warming continues to accelerate and the gap between rich and poor - there is a sense among many that our civilization is in crisis. What’s causing this crisis? And how do we move beyond the broken status quo and literally design a better future? Those big questions are at the heart of social critic and activist Peter Joseph's new book, "the New Human Rights Movement: Reinventing the Economy to End Oppression."

Then, Thom talks to Phillip Stucky of the Daily Caller and Alex Lawson of Social Security Works about GOP senators opposing the Senate’s version of a healthcare bill and Donald Trump doing a big favor for the Big Pharma industry.
Posted by: AGelbert
« on: June 25, 2017, 02:57:33 pm »

Barclays Executives Charged with Paying $400 Million in Kickbacks to Qatar

June 25, 2017

The charges filed by Britain's Serious Fraud Office against Barclays Bank executives are unprecedented explains Ian Fraser, author of "Shredded: Inside RBS The Bank That Broke Britain"


http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=19375
Posted by: AGelbert
« on: June 18, 2017, 01:35:04 pm »


What Happens When The Oil Economy Collapses?

June 17th, 2017 by Zachary Shahan

SNIPPET:

The question is simple and stark, but there will be a gradient of effects, and side-effects, and after-effects. As the oil economy collapses, the world will change. And it will change a great deal.

Let’s start with some of the basics.

Oil company values — which are currently topping the charts — will collapse. That means that certain investors (many investors) will “lose money,” or see their net worth drop. To put this into a little more perspective, we highlighted recently that Tesla [TSLA] has passed the US “Big 3” automakers in market cap, currently sitting at $60.15 billion (compared to GM at $51.73 billion and Ford at $44.76 billion). Meanwhile, Exxon’s market cap sits at $354.59 billion, Chevron’s market cap is $204.76 billion, and Saudi Aramco’s expected to be valued at $1–10 trillion.


Venezuela today; the USA tomorrow? ???


Some of our top commenters have made it clear — the oil bubble could collapse at any moment.

Full article with GREAT comments guaranteed to give fossil fuelers Excedrin Headache number 666. :

https://cleantechnica.com/2017/06/17/happens-oil-economy-collapses/

Agelbert Commentt reply to a fellow that said Big Oil was being forced to transition Renewable Energy: Big Oil has done the "invest in green tech" head fake before, even while they kept funding denier stink tanks and astro-turf pseudo-science propagandists yammering about the sun "getting weaker" and the "greening of the earth" from all that extra CO2 our loyal servants from the fossil fuel industry are providing at "no charge".

"Beyond Petroleum" for BP?  Transition by  Shell? Nope!

As you said, big Oil will transition eventually to Green Clean Tech, but ONLY when they have no other option under the law. Until then they will continue to drag their feet and defend polluting profit over people and planet with tooth and corruption claw.

This essay clearly lays out the fact that the Fossil Fuel Industry faces huge liability issues in the immediate future simply because there is ample evidence that they have deliberately sabotaged government efforts to transition to Renewable Energy for several decades. Their criminal behavior is not just Criminal Negligence", but actually mens rea criminal involving premeditated harm to the public welfare. That is why the fossil fuel giants like Exxon have always done everything they could to make the courts their handmaidens (SEE: the remedy for the Exxon Valdez damage reduced to ONE TENTH of the initial amount by the Supine Supreme Court).

Why is Big Oil and Gas so apparently  suicidal and stubborn, when they have the capital in their coffers to totally transition to Renewable Energy?

SEE BELOW:


As Zach pointed out, Big Oil is part of the global economy. When Big Oil goes down ,and they will, the economy takes a massive hit. That "hit" will depend on how far along any particular segment of the global economy has gone towards a 100% transition to Renewable Energy. New Zealand is getting there. Denmark, Iceland, Scotland, Finland and Portugal, as well as Germany are doing great as well. But the USA, Russia and ALL the other petro-states except maybe Qatar (Qatar is moving in the right Renewable Energy direction - hence fossil fuel tool Trump's attempt to demonize them) will be the most negatively impacted by the collapse of the oil based global economy.

But there is another aspect of risk that human civilization is increasing by delaying the total transition, not just away from fossil fuels, but to an ACTIVE biosphere remediation program to return to 350 PPM of CO2.

This risk is about the coming gigantic ocean storm and wave activity. This is not hyperbole. Two peer reviewed scientific studies published over the last two years predict ocean wave activity beyond the ability of present ship design.

I wrote a rather long (practically a mini-e-book) a while ago in three parts. The bottom line on the risk to our civilization in general and global shipping in particular is laid out in the third part. 

People need to know what we are facing. People need to know the fossil fuel industry knows the score and does not care. They are the bad guy here.


Climate Change, Blue Water Cargo Shipping and Predicted Ocean Wave Activity: PART THREE

SNIPPET from the above article:

Global Civilization is threatened within 25 years or less by the scientifically predicted ocean surface wave activity in the Hansen et al June 2015 study * and the Dutton et al July 2015 study ** evidencing a 6 to 25 meter (19 to 82 feet!) sea level increase in the geological record when the CO2 parts per million (PPM) atmospheric concentration was between 300 and 400PPM. As of October of 2015, the CO2 concentration is at 400PPM. It is increasing at over 3PPM per year.

* Atmos. Chem. Phys. Discuss., 15, 20059–20179, 2015 doi:10.5194/acpd-15-20059-2015 © Author(s) 2015. CC Attribution 3.0 License.

Ice melt, sea level rise and superstorms: evidence from paleoclimate data, climate modeling, and modern observations that 2 C global warming is highly dangerous
J. Hansen1, M. Sato1, P. Hearty2, R. Ruedy3,4, M. Kelley3,4, V. Masson-Delmotte5, G. Russell4, G. Tselioudis4, J. Cao6, E. Rignot7,8, I. Velicogna8,7, E. Kandiano9, K. von Schuckmann10, P. Kharecha1,4, A. N. Legrande4, M. Bauer11, and K.-W. Lo3,4

www.atmos-chem-phys-discuss.net/15/20059/2015/
http://www.atmos-chem-phys-discuss.net/15/20059/2015/acpd-15-20059-2015.pdf

** Science 10 July 2015: Vol. 349  no. 6244  DOI: .1126/science.aaa4019 

Sea-level rise due to polar ice-sheet mass loss during past warm periods
A. Dutton1,*,  A. E. Carlson2,  A. J. Long3,  G. A. Milne4,  P. U. Clark2,  R. DeConto5,  B. P. Horton6,7,  S. Rahmstorf8,  M. E. Raymo9
 
http://www.sciencemag.org/content/349/6244/aaa4019.abstract
Posted by: AGelbert
« on: June 17, 2017, 02:35:58 pm »

Agelbert NOTE: Here the biological logic of closing the high seas to fishing (Dr. Lubchenco calls it the Wet West - referring to the "Wild West" term because anything goes and there is ZERO respect for sustainability) is mentioned, although also pointed out by Dr. Lubchenco is the fact that major governmetns refuse to do so. 

As Economist P. Dasgupta laments, collective action to stop, or even ameliorate, this crisis consistently fails to be achieved, even though we are basically out of time for additional delays.

Biological Extinction | Discussion #6

Casina Pio IV



Published on Mar 2, 2017

How to Save the Natural World on Which We Depend

PAS-PASS Workshop
Casina Pio IV, 27 February-1 March 2017

On our 4.54 billion year old planet, life is perhaps as much as 3.7 billion years old, photosynthesis and multi-cellularity dozens of times independently around 3.0 billion years old, and the emergence of plants, animals, and fungi onto land, by at least the Ordovician period, perhaps 480 million years ago, forests appearing around 370 million years ago, and the origin of modern groups such as mammals, birds, reptiles, and land plants subsequently. The geological record shows that there have been five major extinction-events in the past, the first of them about 542 million years ago, and suggests that 99% of the species that ever lived (5 billion of them?) have become extinct. The last major extinction event occurred about 66 million years ago, at the end of the Cretaceous Period, and, in general, the number of species on earth and the complexity of their communities has increased steadily until near the present.

Agelbert additional NOTE:  The global warming crisis is itself a symptom of the world view that gave us people like Trump. Unless he starts a nuclear war, he won't kill most of us; but Catastrophic climate change certainly will.

The source of the current and worsening crisis is lack of ethics among government and business elites.

Even though we ARE bordering on collapse, it is due to a concentration of ill gotten profits in a tiny group of rapacious oligarchs, not because the money is not there.

The Wall Street Capitalist "logic" has been debunked over and over. Privatization ALWAYS increases costs to society, not the other way around, as Wall Streeters fervently, and erroneously, believe.

The reason for that has been clearly laid out by eminent economists who do all the math, not just the convenient parts that 'justify' perpetual growth, on the costs human business activity on the biosphere we all require to live.

The "logic" of the business community is that IF a COST is not placed on exploiting the resources of the biosphere in an unsustainable (i.e. POLLUTION PRODUCING) manner, a de facto INCENTIVE exists, according to economic theory, to engage in rapacious biosphere damaging business practices. This, OF COURSE, assumes, as Capitalism's flawed economics education also seems to assume, that ethics play NO ROLE WHATSOEVER in business strategy and decisions to engage in whatever.

This is not only patently false, it is eventually suicidal in a finite resource environment (i.e. our biosphere).
ETHICS has been eschewed by Capitalists to the detriment of, not just the rest of us, but the biosphere as well. This incredibly short sighted attempt to claim monetary PROFIT obtained regardless of Social Costs INCURRED, BUT NOT PAID, is the be-all-end all of economics is sophistry at its worst. It is willful and deliberate cherry picking of what costs apply and what costs are "external". IOW, it's IRRATIONAL thinking passed off as "fiduciary responsibility to corporate profits".

This eminent economist (P. Dasgupta) exposes the ethical bankruptcy of this "incentive to be unethical" (Economic Theory of Income Accounting instead of the more comprehensive, BUT NOT USED, Wealth Accounting) in the following video (go to T7:29):

P. Dasgupta is answering a question asked of him at the time point I just gave you. He discusses flow accounts versus stocks and the historical reasons for it. He discusses the problems with measuring GDP.


SEE BELOW the results of Capitalist "economics" cherry picked "cost efficient privatization" over nationalization:


Posted by: AGelbert
« on: June 12, 2017, 10:10:27 pm »

Agelbert Note: A discussion about Capital (i.e. money for investment in environmental sustainability), Natural Capital, Biosphere Pollution and much more:   


Biological Extinction | Discussion #9

Casina Pio IV


Published on Mar 2, 2017
How to Save the Natural World on Which We Depend

PAS-PASS Workshop
Casina Pio IV, 27 February-1 March 2017
Posted by: AGelbert
« on: June 12, 2017, 02:03:30 pm »

Sunday, June 11, 2017

By William Rivers Pitt, Truthout | Op-Ed



We Are Not Broke: Trashing the Austerity Lies

Agelbert NOTE: A die hard Profit over Planet Capitalist weighs in with the typical baloney. I answer it.  ;D

didactic1  

Rivers clearly knows little about finance or business. Close the loopholes and you won't collect dollar for dollar more revenue. Assets can be sold, transferred, or converted to securities. By all means have public ownership of utilities, fuel resources, health and banking. But don't expect capitalists to turn over significant amounts of now untaxed income.


agelbert > didactic1

You clearly know little about William Rivers Pitt.

Yes, we ARE bordering on collapse. But it is due to a concentration of ill gotten profits in a tiny group of rapacious oligarchs, NOT because the money is not there.

Your "logic" has been debunked over and over. Privatization ALWAYS increases cost to society, not the other way around, as you fervently, and erroneously, believe.

The reason for that has been clearly laid out by eminent economists who do ALL the math on the costs human business activity on the biosphere we all require to live.

The "logic" of the business community is that IF a COST is not placed on exploiting the resources of the biosphere in an unsustainable (i.e. POLLUTION PRODUCING) manner, a de facto INCENTIVE exists, according to economic theory, to engage in rapacious biosphere damaging business practices. This, OF COURSE, assumes, as your economics education also seems to assume, that ethics play NO ROLE WHATSOEVER in business strategy and decisions to engage in whatever.

This is not only patently false, it is eventually suicidal in a finite resource environment (i.e. our biosphere).

ETHICS has been eschewed by capitalists like you to the detriment of, not just the rest of us, but the biosphere as well. This incredibly short sighted attempt to claim monetary PROFIT obtained regardless of Social Costs INCURRED, BUT NOT NOT PAID, is the be-all-end all of economics is sophistry at its worst. It is willful and deliberate cherry picking of what costs apply and what costs are "external". IOW, it's IRRATIONAL thinking passed off as "fiduciary responsibility to corporate profits".

This eminent economist P. Dasgupta exposes the ethical bankruptcy of this "incentive to be unethical" (Economic Theory of Income Accounting instead of the more comprehensive, BUT NOT USED, Wealth Accounting) in the following video (go to T7:29):
P. Dasgupta is answering a question asked of him at the time point I just gave you. He discusses flow accounts versus stocks and the historical reasons for it. He discusses the problems with measuring GDP.


SEE BELOW the results of Capitalist "economics" cherry picked "cost efficient privatization" over nationalization:




http://www.truth-out.org/opinion/item/40903-we-are-not-broke-trashing-the-austerity-lies
Posted by: AGelbert
« on: June 07, 2017, 08:35:47 pm »

Inequality For All: A Visual Story

by Prof. Robert Reich

https://www.sandersinstitute.com/blog/inequality-for-all-a-visual-story
Posted by: AGelbert
« on: May 31, 2017, 09:46:40 pm »

Richard Wolff On The New Socialism

May 30, 2017

Big Picture Interview: Economist Dr. Richard Wolff, Capitalism's Crisis Deepens Essays on the Global Economic Meltdown/Democracy At Work. It's not just Bernie Sanders - democratic socialism is on the rise all over the Western world right now. How can the resurgent left seize this moment - and the means of production?

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