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Topic Summary

Posted by: AGelbert
« on: Today at 04:55:13 pm »

Bernie Sanders DESTROYS Trump's Budget & HUMILIATES Trump's Lackeys During Senate Budget Markup

Dose of Dissonance

Published on Oct 17, 2017

During the Senate Budget Committee's markup of Trump's budget, Bernie Sanders destroys Trump & his lackeys for their disastrous budget as he relentlessly pushes for amendments! BERNIE'S GUIDE TO POLITICAL REVOLUTION: http://amzn.to/2ev2asW (Affiliate Link)

COPE WITH COGNITIVE DISSONANCE: http://www.DoseofDissonance.com/

Category News & Politics
License Standard YouTube License
Posted by: AGelbert
« on: October 21, 2017, 08:54:52 pm »


Unreality Distilled: The United States of Trump

Saturday, October 21, 2017

By William Rivers Pitt, Truthout | Op-Ed

SNIPPET:

Quote
You are certainly a man of the times, The Man, avatar of all that ails us. You are, among other things, the end product of a decades-debunked economic model that consigns a vast majority of Americans to poverty and stasis while lavishing trillions on the wealthy. This we call "trickle down," and we've waited half a century now for the rain that never comes.

Full EXCELLENT article:

http://www.truth-out.org/opinion/item/42341-unreality-distilled-the-united-states-of-trump
Posted by: AGelbert
« on: October 18, 2017, 06:58:05 pm »

Thom speaks with Dr. Richard Wolff on how the ways corporations and CEOs manipulate existing tax laws in order to take in even more obscene profits!

Thom Hartmann Administrator's pictureOct. 17, 2017 2:00 pm


Thom Hartmann Oct. 17, 2017 2:00 pm

Thom speaks with Dr. Richard Wolff on how the ways corporations and CEOs manipulate existing tax laws in order to take in even more obscene profits!



The End Result Is Economic Inequality and We Can't Talk About it (w/guest Richard Wolff)


Oct. 17, 2017 2:30 pm

By Thom Hartmann

Thom continues his conversation with Richard Wolff on the root cause of the problem. unchecked capitalism and how for the last fifty years we have not been able to say anything about it. Can we get anything done if we cannot name the problem?
Posted by: AGelbert
« on: October 12, 2017, 07:47:58 pm »

Time for Puerto Rico, Virgin Islands to Go All Green

OCT 06, 2017

by Harvey Wasserman 

SNIPPET:

Tesla’s Musk helped green nearly the entire energy supply of American Samoa, as well as much of Hawaii’s island of Kauai. Puerto Rico and the Virgin Islands are far larger. But advanced collectors and battery storage systems, along with a new generation of wind turbines, are poised to quickly replace the islands’ rickety, obsolete energy supply system with a green network of storm-proof micro-grids—and a showcase for global change.

The Caribbean is also fertile ground for biofuels to power the region’s automobiles. Brazil runs a very large portion of its vehicular fleet by turning bagasse, a byproduct of growing sugar, into an alcohol-based fuel that’s far cheaper and more efficient than imported gasoline.

And the islands could use a massive influx of LED lights, along with other energy-efficient technologies to streamline demand.

But micro-gridding will be key. The islands are mountainous, with many remote villages. Most could be made self-sufficient quickly with local networks powered by rooftop panels, small wind arrays and homegrown biofuels.

Full EXCELLENT article:

https://www.truthdig.com/articles/time-puerto-rico-virgin-islands-go-green/

Yes, Elon Musk yet again doing things, accomplishing something worthwhile, solving problems with action and not words.

While quite certain this genius has overextended his corporation Tesla, aptly named I might add, financially. Who can deny this wizard's contributions?

I have a very negative outlook on Tesla's future as a company.

Also quite fearful that if it crashes in price this amazing person's reputation will be tarnished by the pigs of Wall Street who only know how to measure success by money.

GO disclosure: I have a small short position in Tesla via a put option and it is the only time in my life I am wishing to lose the bet.  :-\

                                 

I understand your position. I undersatnd your logic in taking that short position. Nevertheless, I recommend that you cover ASAP.

A discussion of Tesla short selling was entered into by some posters at Cleantechnica. The arguments made on behalf of shorting Tesla were more a defense of shorting itself (i.e. they defended GREED BASED IDEOLOGY and pretended morality is 'irrelevant') as a "valid" form of making money on the stock market than as what it actually is (i.e a herd following the Zerohedge/Seeking Alpha Tesla hater crowd).

Yes, GO, they talked about the "lack of fundamentals" in the Tesla balance sheet that would 'merit' a view toward the company finally becoming profitable after all these years of 'unproftability'.

So what is wrong with their hope of making lots of money by shorting Tesla?

The FACT that Musk published his game plan over a decade ago and has stuck to it, all the way, except when a part of his game plan was accelerated. He has NOT been sidetracked. But the shorters could only bring up comments like "Tesla is not Amazon or Apple" and so on.

The only way that Tesla can go down is if Trump and Pruitt and the rest of the fossil fuel TOOLS in that sad excuse for a government find a way to make the sale of EVs illegal in most states because they, uh, 'pollute the environment'.

Yes, GO, I admit that skullduggery is possible. But I think the probabilty is too low to justify shorting Tesla at this time. I hope you make the right decision. As you know, I do not buy, sell or short stocks.

The fellow with the handle "Dan" is particularly knowlegedable. I am on the same page as he is. You are probably on the same page as Joseph Dubeau is. He says, "... Greed has the ability to turn many of blind eyes from the truth". I vigorously disagree.

Here are some comments and the article link:

Quote
alexays • 4 days ago Whilst most agree the Model S is a great car and the Model X is also appealing, the fact is that Tesla has never made an annual profit and survives only through repeated capital raises through share dilutions and junk bond issuance. The Model 3 doesn't quite have the cachet of the S and X and the dashboard leaves a lot to be desired. If this flops, then the company will have trouble paying its debts and may end up in chapter 11. The only thing more dangerous being short with this stock is being long.

agelbert  alexays • 4 days ago The nuclear power industry has, for the last 60 years, been continously unprofitable. The only reason it has been able to "declare profits" to the shareholders of the electric power companies that own these nuclear white elephants is because of massive government subsidies AND periodic, totally unjustified, bail outs.

As for Tesla, the "subsidy" money they have gotten has been a tiny pittance compared to the massive subsidies the internal combustion engine powered car manufaturers are getting which are both visible and invisible because the fossil fuel bribe team "lobbyists" go out of their way to see that they are "profitable".


In both cases, we-the-people are being coerced to support massive polluting economic travesties that YOU seem to think are "going concerns". They are not. They are dead men walking.

The only thing more dangerous than being short with Tesla stock is being long with nuclear power company or ANY internal combustion engine powered automobile manufacturer stock.

Tesla is the leader that others with good economic sense are following. It's over for the internal combustion engine. Your focus on Tesla balance sheets is not objective simply because you do not understand the fragility of the internal combustion polluting titanic which is inexorably sinking, despite all the efforts of the "business as usual" Wall Street crowd.

The only logical basis you have to be concerned with Tesla is the fact that Trump will do whatever he can to prevent EVs from dominating. Trump and all the other bought and paid for tools of the fossil fuel industry will fail, despite the fact they are attempting a repeat of the successfull Big Oil orchestrated strangulation of all things Renewable Energy powered in the 1980's.

The EV is here to stay AND dominate.  Whether Tesla becomes the leader in EV sales or is outsold by a Chinese (BYD) or Japanese NISSAN) or Indian (TATA) EV manufacture is the only question you should concern yourself with if you plan to short Tesla.

This stunning statement from General Motors will keep Big Oil    up at night GM, Ford, and China strongly embrace electric cars, signaling trouble for Big Oil.

Quote
Technom3  alexays • 4 days agoAgreed. Also if the model 3 has the same amount of problems the x had... The market won't forget him. There are too many fanbois who can finally afford the car... And they have a loud megaphone and are temperamental. If the car is great they will sing praise. If it's unreliable or poor quality etc... I don't think Tesla will be able to recover from it as they trade too much on these people selling their blue sky valuation. The model 3 is going to be mean everything for this company. If it fails... Tesla likely will as well.

Also this company hasn't turned a profit with virtually 100% market share. Good luck with Porsche entering the market.... Ohh and Mercedes. Ohh and BMW... Ohh and by the way... These people all have dealerships... You know... Places to actually get the cars serviced at...

agelbert  Technom3 • 4 days ago The following graphic describes you and the entire Tesla/EV hater crowd at Zerohedge within a single year (the one after that is me):



Quote
D800-fan • 4 days ago
There are many, many people on Wall St that are making a healthy living by shorting.
It is not just Tesla that gets heavily shorted. There are other tech stocks that are considered legit targets by Wall St. These include Apple. Wall St marks down APPL and TSLA because they don't play the Wall St 'lick my boots game'. Once you understand that then it all makes perfect sense.
Now, I'm from the UK so how do I know this? I spent a whole transatlantic flight sitting next to a shorter. We was slightly drunk as he'd made over $250K with a series of shorts the previous week.

Shorting is a real growth industry.

Quote
Dan D800-fan • 4 days ago
Shorting is a game. Saddly these days we let gamblers play with a lot of money in the stock market. It isn't investing it is just gambling and the reality is this type of situation only hurts the working class trying to make an honest living working for the companies these gamblers crash just to make a quick buck. One more example of how the rich have turned our economy into nothing more then a game they play where the winner gets more personal wealth with no regard for the real word cost to society. The entire thing makes me sick.

Agelbert Dan
Exactly right.  One of the greatest examples of how we-the-people have been defrauded by the despicable "greed is good" corporate mentality is the nauseatingly repetitous claim by those who claim monetary profit (over people, planet and anything else in the way), is not only "justified", but "demanded" of anyone in the business of managing money. This willful disdain of morallity in business has been exposed as a fraud. No corporate charter can claim that profit is "IT" above all other concerns simply because ALL corporate charters are subject to each and every law created for the public welfare.

But that doesn't stop Wall Street from making up this profit over people and planet craven stupidity up as they go along. Somebody needs to stamp the following on the foreheads of those planet eaters.






Quote
Joseph Brown  Dan • 4 days ago
I don't think you understand what holding a short position really means, or what effects it has on the market. Shorting is perfectly valid, and a way to provide both liquidity and stability to a market. That said, there are times to short, and times not to short -- and I think the Tesla Bears have called this one dead wrong.

Quote
Dan  Joseph Brown • 4 days ago
" Shorting is perfectly valid, and a way to provide both liquidity and stability to a market"

Now that is funny.
Maybe you should look up the meaning of stable.

Stable not likely to change or fail; firmly established.
"a stable relationship"
synonyms:   secure, solid, strong, steady, firm, sure, steadfast, unwavering, unvarying, unfaltering, unfluctuating; More
established, abiding, durable, enduring, lasting, permanent

I expecially like how shorting is by your definition is key to enduring, lasting, permanent. I alway thought short term and permanent where opposites.

Agelbert Dan  • 4 days ago
Well said. The standard erudite sounding baloney that Wall Streeters spew is that "shorting is valid because it provides liquidity".

That was a half truth at best prior to high speed trading algorithms. Now with the trading desks of the 6 "big boy" banks running their high speed algorithm fun and fraud games representing over 70% of all trades per day, shorting is a joke.

But it gets better. Much  (almost ALL) of the money "loaned" to these "banks" (you know, the ones that prefer stock gambling to serving customers now)  by the "Federal" Reserve is at NEGATIVE interest rates! So, we-the-people get to provide, at interest the "Federal" Reserve ends up charging us so the "banks" get paid (i.e. negative interest) to fix/game/cheat/defraud "invest profitably" in the mahket. 

And THAT is what is providing all that "healthy income" to those that engage in this "valid" money making activity.

RI-I-I-I-IGHT.....

Below please find, a spokesman for all that activity to help the "economy".


Here's another picture of a trio of them without the sheep covering:


Message to the PARASITES on Wall Street that think they are engaging in "valid" activity on behalf of the "economy":


There Is An Epic Battle Happening Between Musk & The Tesla Haters
October 8th, 2017 by Matt Pressman

https://cleantechnica.com/2017/10/08/epic-battle-happening-musk-tesla-haters/
Posted by: AGelbert
« on: October 09, 2017, 08:32:54 pm »

Economic Update: Economics, Psychology and Mass Murders

POSTED ON OCTOBER 08, 2017


On this week's episode, Prof. Richard D. Wolff presents updates on Trump/GOP tax plan, Americans having "trouble paying bills," post-1989 Russia more unequal than USSR, Eastern now colony of Western Europe, targeting finance vs entire system, closing rural US hospitals, Puerto Rico as US colony.

SPECIAL GUEST:  Interview with Dr. Harriet Fraad on economics, psychology and mass murders.  To see the second half of this week's episode, sign up as a patron on Patreon.

http://www.democracyatwork.info/eu_economics_psychology_massmurders
Posted by: AGelbert
« on: October 09, 2017, 07:49:47 pm »



October 9, 2017

Puerto Rico Faces a Medicaid Crisis

On top of the devastating impact of recent hurricanes and an ongoing debt crisis, Puerto Rico's Medicaid funding will run out as early as the end of the year unless Congress acts explains CEPR's Mark Weisbrot.


http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=20172

Posted by: AGelbert
« on: October 03, 2017, 04:57:45 pm »



Hurricane Maria Damaged Houses in Puerto Rico

Vulture Capitalists Circle Above Puerto Rico

Tuesday, October 03, 2017

By Bill Moyers, Moyers & Company | Interview

SNIPPET:

Quote

...  think even more than the tourist ads, what makes it difficult for Americans to connect is the deep ignorance that exists about the political relationship between Puerto Rico and the United States. Most folks in the US don't even know how to orient themselves towards Puerto Rico. How should they feel about it? Should they support statehood, should they support independence? They're unable to reconcile the political history of Puerto Rico with the history that they are taught in schools about the United States.

http://www.truth-out.org/news/item/42134-vulture-capitalists-circle-above-puerto-rico
Posted by: AGelbert
« on: September 30, 2017, 07:27:57 pm »



September 29, 2017

The Poorest Tax Payers to Pay the Most Under Trump Plan

Economist Bill Black says that both Republicans and Democrats are financially illiterate when they speak about the deficit, and Trump's economic experts are 'completely disconnected from the real world'

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=20105
Posted by: AGelbert
« on: September 29, 2017, 11:09:32 pm »



September 29, 2017
Memento Mori: a Requiem for Puerto Rico

by Miguel A. Cruz-Díaz



Photo by Chief National Guard Bure | CC BY 2.0

   Puerto Rico is not large enough to stand alone. We must govern it wisely and well, primarily in the interest of its own people.

    –Theodore Roosevelt


Puerto Rico is dying.

Let those words sink in.

Three and a half million people are without power, water, fuel, food, and support. This isn’t some uninhabited atoll. This is where I grew up. This is where my family lives. This is my home.

And my home is dying.

I have been desperately trying to come up with the right words to express what I feel and what I think for the better part of a day. My social media has as of late provided me with a space to write my remarks, observations, and more often than not, rants about the situation on Puerto Rico. I shared my anxieties when hours, then days passed without a word from my family. I cried in silent sobs at the pictures that slowly started to come out of the island. Despair began to unite the large Puerto Rican diaspora as we comforted each other, and waited as the absolute silence became more and more unbearable.

“Have you heard from…”

“Does anyone have any information about my hometown…”

“My mom, she’s not well, I can’t reach her…”

“I can’t find my partner…”

It was only last Friday when I had proof of life from my family in my hometown of Arecibo. And it was on Sunday that I was finally able to speak to them over the phone. Speak… more like share moments of absolute joy and tears of happiness. Of feeling born again. And with that memory fresh in my mind, I sat down to write.

Nothing came except tears. I’m crying as I write this.

How can one put into words how it feels to be completely powerless as the world I’ve always known slowly turns into Hell for those that I love the most? How can one fully express in words that could convey, in any way, the overwhelming sense of constant pain, of horrible uncertainty, the fear of loss, and the fury over what is, in the end, an unnatural disaster? And how can I live with myself for not being there?

How can I explain to people that Puerto Rico, my home, my island, my heart and soul, is dying?

The fear of death is an eternal companion in these situations. So as my country slowly agonizes, would it be appropriate for me to write a eulogy for its seemingly inevitable death? Perhaps some choice words as a send-off to the oldest colony in the world?  As Donald Trump, the biggest psychopath to occupy the Oval Office so far, finally relents to growing public pressure and announces that federal funds will be made available in full to Puerto Rico, and as more aid slowly makes its way to the island, could I dare hope for a stay of its execution? Or is this just another delay in its pre-ordained death-by-empire?

President Trump’s message to Puerto Rico was clear: pay up and drop dead. The island is expected to pay its imaginary debt for the dubious “privilege” of being an imperial colony in the way it’s always done so: in blood. Wall Street’s interests have priority over securing the very survival of nearly four million people. God forbid that millionaire Wall Street bondholders suffer the horror of payment forfeiture over a minor inconvenience like Hurricane María, only the worst storm in eighty years!

The president initially denied full federal assistance to the island and refused to suspend the Merchant Marine Act of 1920, or Jones Act, that has for nearly a century strangled commerce to and from Puerto Rico. Because of this stubbornness an obviously colonial World War One-vintage piece of legal protectionism continues to choke the island as its inhabitants are left to fend for themselves. Colonialism is a self-perpetuating state of exception that thrives on crises precisely because the beneficiaries are always the colonizers and their local flunkies who maintain and benefit from the illusion of “self-governance.”

While Homeland Security steadfastly holds on to its refusal to wave the Jones Act, Herr Trump was later forced by public pressure to amend his remarks on aid, and the USNS Comfort hospital ship is now scheduled to arrive on the island in three to five days (as will our bloviating commander-in-chief himself at some point) any help received from the American imperial mainland now carries with it a stigma, a sense of being a discarded, second-hand lifeline. This is extremely revealing. It’s been over a week since Hurricane María cut a path of destruction in Puerto Rico nearly beyond the scope of living memory, a week that passed before Trump made any remarks at all. It was a week filled by hysterics over kneeling, Russia and North Korea, a week of forgetting that Puerto Rico even existed.

American colonialism is not just confined to its territories or its Native American population. A successful empire can choose to either exalt itself to its population, thereby becoming an object of national pride, or hide itself by dulling that population’s senses and intelligence, negating that it has an empire in the first place. The United States pursued the second path. Successfully, I might add. Puerto Rico’s imperial masters also relied on their own profoundly ignorant population on the mainland that, fueled by the systemic racism on which the United States is built on, and a blinding allegiance to patriotism, considered Puerto Ricans to be just another group of Hispanic vermin. To this day nearly half of Americans do not even know that Puerto Ricans are “fellow citizens”, at least in name. And make no mistake. The white supremacist regime that attacks NFL players and Black Lives Matter activists for having the nerve to protest is the same regime that established the fiscal control board, the biggest killer in Hurricane María’s wake. These things are directly related, and the fiscal control board’s austerity measures ensured that it has blood on its hands.

The United States has perfected its colonialism on the island of Puerto Rico to such a degree that when it decided to take away the island’s limited self-rule, the vaunted “commonwealth”, and instead installed a fiscal control board, it did so with the applause of many islanders. Many Puerto Ricans, conditioned by school, church, political party, and kin to accept their inferiority to the gringo as natural law, felt unfit to govern themselves. We so desired to be our masters that we welcomed punishment for engineered transgressions tailor-made by vulture capitalists in the metropole and on the island itself.

And then came María. The other killer phenomenon to approximate María’s devastation and raw power was Hurricane San Felipe II, in 1928. Yet María’s devastation attacked an island that, in many ways, was in worse shape than the relatively pre-industrial Puerto Rico of the 1920’s. Hurricane San Felipe was nature’s killer. Hurricane María, however, has only exposed colonialism’s murderous true self. There is nothing natural about this killer.

María found the perfect target: an island whose infrastructure was crippled by decades of colonial neglect, the product of an idled and corrupt political class that blindly follows orders from Wall Street and Washington. These quisling parasites, like the island’s cravenly telegenic current governor Ricardo Rosselló, coasted to power on the artificiality of petty political partisanship fostered by the main political parties on the people for decades in order to divide and lord over a population lulled by consumerism, Christian conservatism, and Cold War-era paranoia.

Now that same political apparatus has fallen apart. Long lines await supplies and fuel that are not being delivered. Two deaths were reported at an ICU when its generator failed, drained bone-dry as its diesel fuel never arrived. Governor Rosselló has been busy with a nonstop photo op tour since the hurricane passed. His Facebook page and Twitter account are filled with photos of his smiling face. But it is all smoke and mirrors. More and more mayors are voicing their rage at the lack of supplies. Whole shipments of supplies and fuel await distribution.

The situation has laid bare the reality that there was never a plan put into place. It has also revealed that FEMA has utterly failed in its role. San Juan Mayor Carmen Yulín Cruz, acting in every way much more responsibly than our delusional governor, has denounced that FEMA has done the impossible to tie up any aid effort with red tape, asking for interminable memos and paralyzing aid distribution. It is quite telling that at one point in an interview journalist David Begnaud, who’s done a commendable job covering Puerto Rico, briefly mistakenly calls Mayor Yulín “governor”. Deep down, though, I’m sure that when he caught his slip and corrected himself he wished that his momentary lapse would have indeed been fact.

This official paralysis and complete disregard for reality often leaves first responders and National Guardsmen mobilized to help with distribution literally empty-handed. And this crass stupidity is not limited to help on the national level. Cuba has offered help in the form of doctors and a brigade of electrical workers to help shore up and rebuild the island’s ravaged infrastructure. Cuba! Yet cruelly, but predictably, the American government denied them entry on political grounds.

FEMA’s (in)actions border on being criminally negligent, even going as far as kicking roughly 400 refugees out of the San Juan Convention Center in order to conveniently take it over as their center of operations alongside the Puerto Rican central government. Federal and local agencies have become shining examples of feckless inaction, fetid bureaucracy, and unfettered bullshit. In typical Trumpist fashion, FEMA’s response has been to accuse the media of biased reporting, but the true bias is self-evident.

Puerto Rico is dying, yes. It is a victim of the stupidity of its political class and the racist vindictiveness of its colonial masters. Colonialism will always be a humanitarian crisis.

But Puerto Rico isn’t dead yet.

In fact, something seems to be happening. The lack of governmental aid, the realization that American aid is essentially a fantasy, the uncalled-for curfew that’s tailor made to pacify anxious shareholders stateside and not help the citizenry, and the need to rediscover communal bonds of mutual aid have done something to Puerto Ricans. I confess to standing in awe of the newly found resilience, the furious indignation turned into action, and the unbreakable bonds of basic humanity that have returned with a vengeance. And with it comes a growing sense of indignation, of anger towards our colonial masters. Anger, blessed anger, the engine of political and social change par excellence.

Puerto Rico is dying, but if it survives this and rises once again, it may do so inoculated from the diseased colonial mentality that has crushed its collective spirit for so long. It’s a long shot, but it’s worth thinking about now more than ever. This national tragedy has made Boricuas remember that they can, in fact, do things on their own together. That the often-remarked bravery of Puerto Ricans that many feared lost by colonialism’s savage indoctrination (I confess to being amongst those that felt this way) was always there. That fury and indignation lead to freedom. Like many fellow Puerto Ricans that live in exile, we have come forward to join that life-and-death struggle for our homeland, and we do so together, always loyal.

As the white imperialist invader revels in his pettiness and apathy it becomes clear that the Puerto Rican people must resist and fight back in the best way possible: by surviving and thriving together. Then maybe, just maybe, we’ll rid Puerto Rico of the American flag’s stagnating shadow over our island and reduce it to a simple funerary shroud wrapped around the corpse of American colonialism, breaking away from that dying empire once and for all.

Miguel A. Cruz-Díaz is a fifth-year graduate student and doctoral candidate in British and world history at Indiana University, Bloomington, where he specializes in anarchist history. A native son of Arecibo, Puerto Rico, he currently resides in Bloomington. He has published in CounterPunch and in the Spanish-language publication Revista Cruce.


Miguel A. Cruz-Díaz is right. Puerto Rico is dying because it has been slowly murdered. What Wall Street has done to Puerto Rico SINCE THE JONES ACT about a CENTURY ago is to deplete its economic immune system so it would reach a point when a hard blow from a storm or some other cause would enable the predatory capitalists to create a private fiefdom with a slave population.

As a Puerto Rican, I have this to say to those fine white 1% "humans" who plan to "rake it in TOTALLY" now and become "Lords over all those salt water niggers down there".

Bring a sandwich.
Posted by: AGelbert
« on: September 29, 2017, 07:20:02 pm »

How Capitalism Is Worsening the Response to Puerto Rico's Crisis


Full article:

https://www.truthdig.com/articles/capitalism-worsening-response-puerto-ricos-crisis/
Posted by: AGelbert
« on: September 28, 2017, 08:56:31 pm »

 


September 26, 2017

Trump Blames Puerto Rico for the Economic Crisis the US Created


TRNN explores the roots of Puerto Rico's financial woes with economist Mark Weisbrot

Posted by: AGelbert
« on: September 28, 2017, 07:29:06 pm »


Robert Reich: The Resistance Report 9/27/2017


Inequality Media Civic Action

Published on Sep 27, 2017

Tonight we look at the Republicans' new tax plan -- why it's a big giveaway fro the rich, how it will hurt the poor and middle class, and how it could threaten Social Security and Medicare by driving up the deficit. We also talk about what is happening in Puerto Rico after Hurricane Maria. The Trump administration is failing badly at helping the people of Puerto Rico who, lest they forget, are citizens of America. Last, we examine the constitutional provision that outlines a president's duty to fully preserve and execute the law.
Posted by: AGelbert
« on: September 22, 2017, 06:05:21 pm »



Economic Update: Capitalism, Revolution and Socialism

Friday, September 22, 2017

By Richard D. Wolff, Truthout | Audio Segment

http://www.truth-out.org/news/item/42026-economic-update-capitalism-revolution-and-socialism
Posted by: AGelbert
« on: September 22, 2017, 04:28:25 pm »



September 20, 2017

Massachusetts First to Sue Equifax Over Massive Hack

Several government agencies and at least 34 state attorneys general have opened investigations into the Equifax data-breach scandal--which is 'the gift that keeps on giving,' says white-collar criminologist Bill Black


http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=20037
Posted by: AGelbert
« on: September 22, 2017, 04:18:12 pm »



September 21, 2017

Bernie Sanders Calls Out 'International Oligarchy'

After mobilizing millions of supporters around progressive policies at home, Senator Bernie Sanders unveils a foreign policy vision that criticizes US militarism and 'international oligarchy'


http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=20048

Posted by: AGelbert
« on: September 17, 2017, 02:55:55 pm »

Global Capitalism:  Hurricane Harvey’s Lessons [September 2017]
Posted by: AGelbert
« on: September 15, 2017, 07:44:30 pm »



Economic Update: Corporate Capitalism in Decline

Friday, September 15, 2017

By Richard D. Wolff, Truthout | Audio Segment

This week's episode discusses capitalism and hurricanes, poverty, how hookworm has returned in the US, the economics of elite universities' tax avoidance and more.

http://www.truth-out.org/news/item/41955-economic-update-corporate-capitalism-in-decline
Posted by: AGelbert
« on: September 09, 2017, 02:39:54 pm »



If You've Never Lived in Poverty, Stop Telling Poor People What They Should Do

Saturday, September 09, 2017

By Hanna Brooks Olsen, Everyday Feminism | Op-Ed

SNIPPET:

In the US, we have become so accepting of the fact that poverty is not a symptom of a grossly unequal economy, or the result of numerous systemic failures, or the product of years of trickle-down economics, but instead, that the only thing standing between a poor person and the life of their dreams is their own decisions, their own choices, and their own failures.

This is why I would advise any person whose immediate reaction upon hearing about a friend, relative, or stranger on the Internet who is living in poverty is to offer unsolicited advice to hold their tongue (or fingers), at least long enough to consider what other forces contribute to poverty and how their "help" may actually be insulting, incorrect, and downright damaging.

Quote
The Most Common Advice  Doesn't Add Up

EXCELLENT article!

http://www.truth-out.org/opinion/item/41848-if-you-ve-never-lived-in-poverty-stop-telling-poor-people-what-they-should-do
Posted by: AGelbert
« on: September 08, 2017, 09:21:05 pm »



September 8, 2017

Equifax Data Breach is a 10 out of 10 Scandal
 

The hacking of consumer credit reporting giant Equifax, and the company's 'cynical' handling of it, is a far-reaching disaster that borders on criminal, says financial regulation expert Bill Black.

William K. Black , author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. Black was a central figure in exposing Congressional corruption during the Savings and Loan Crisis.

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=19960
Posted by: AGelbert
« on: September 01, 2017, 09:58:02 pm »



Economic Update: A Tale of Two Crises

Friday, September 01, 2017

By Richard D. Wolff, Truthout | Audio Segment

http://www.truth-out.org/news/item/41799-economic-update-a-tale-of-two-crises


Posted by: AGelbert
« on: September 01, 2017, 03:01:31 pm »



Bret Stephens’ Callous Capitalist Climate-Harvey Take


Yesterday, Bret Stephens used his New York Times column for one of the most callous and tone-deaf Harvey takes we’ve seen anywhere (including in the deniersphere proper). In the piece, good ol’ Bret praises capitalism and wealth for helping people survive disasters like Harvey, but ignores the fundamental moral failing of climate inaction: some countries grew rich and developed thanks to unchecked fossil fuel use, while those countries now developing are forced to deal with the worst of the impacts they did little or nothing to cause.

Unsurprisingly, Twitter was quick to call out both the framing and the factual errors in Stephen’s “hurricane apologism” and how the choice of image for the column, a sinking Mercedes Benz, “perfectly encapsulates” Stephens’ priorities.


So, as Stephens states, Harvey may just be a “speed bump” for Houston’s economy in the long run. At least 39 people died during that “speed bump,” which is a heartless way to describe the economic losses stemming from flooded homes and lives lost.  >:(

But hurricane victims and climate activists should be comforted , Stephens seems to suggest, by the fact that disaster losses as a percentage of global wealth have held steady since 1990, using Pielke Jr.’s favorite (deceptive) statistics.

Pielke’s general argument is that an increase in damages is due to an increase in national wealth (more buildings) that extreme weather hits. But that’s just one side of the coin, the other being that we’re building stronger buildings, which are more resilient to extreme weather. Those more resilient buildings reduce the impact of extreme weather, but that doesn’t factor into Pielke’s figures.

This financial framing , borne of privilege, faithful to wealth and minimizing of the experiences of millions who suffer, is a prime example of how measuring disasters in dollars only tells part of the story.

But even if one accepts this framing, it still ignores the fact that developing countries will take a significant hit to their GDP from climate change. So Stephens’s sage advice that these countries get richer to deal with climate change manages to be both emotionally and intellectually shallow.

Stephens’s handling of climate change is disappointing given the excellent work folks on the reporting side are doing at the Times. Their coverage of Harvey has captured the emotional weight of disaster, discussed the complexities of urban development and provided historical context from Sandy survivors. The Times was one of the first major outlets to thoroughly and correctly explain Harvey’s climate connection. And the editorial board has provided sympathetic and nuanced takes of their own on the connection between Harvey and climate.

Unfortunately, Stephens’s piece slots neatly into a strange parade of oddities this week from the Times’s editorial page that kicked up a torrent of criticism. One columnist got taken to task for an uninformed and inappropriate piece on cultural appropriation. Another op-ed critical of Chelsea Manning was rightly trashed for being dehumanizing, “error-ridden and transphobic.” And, of course, the Internet had a ball dragging the decision to give Blackwater founder Erik Prince space to advertise his company’s services as a mercenary, with a plan for Afghanistan that even other private military contractors think is offensive and unworkable.

Given that the Times advertised itself as a counterweight to alternative facts, it seems weird that their opinion page has chosen to echo the baser instincts of fake news outlets by choosing to publish pieces downplaying climate impacts, are rooted in racial ignorance, espouse error-ridden transphobia or offer up offensive and unrealistic industry shilling. 


Agelbert NOTE: The BILLIONS of dollars of damage from Hurricane Harvey is an INDIRECT MASSIVE SUBSIDY to the Fossil Fuel Industry. How long are we going to let them get away with this THEFT!!?




 



Posted by: AGelbert
« on: August 25, 2017, 09:38:28 pm »



Economic Update: Human Rights vs. US Water Economics

Friday, August 25, 2017 

By Richard D. Wolff, Truthout | Audio Segment


This week's episode discusses Trump's battle with Amazon over taxes, how Americans are dying younger, Monsanto profiting at farmers' expense and the economics of homeless school children.

This episode also includes an interview with Rob Robinson on access to safe of water in the US.
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.


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