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21
Geopolitics / Re: Money
« Last post by AGelbert on June 19, 2018, 05:54:15 pm »
I wouldn't get too excited. Volatility is not a crash.

If we crash, we crash, but I'd be very surprised if this little game of musical chairs is anywhere close to over. We're not even at the beginning of the really interesting part.

If the dollar IS toast, persons like yourself, living on a fixed income, will suffer more than anyone. I don't really want that to happen, because I don't want you to suffer. It'll happen soon enough, no matter what.


Who's excited? If you want to call a chain of events that haven't happened in 4 years "volatility", that's fine with me. I don't own any stocks. The markets are just an exercisie in observation for me.  8)

I understand the negative implications for me of the loss of the Dollar's world reserve currency status. I have made that clear in my posts.

Eddie, I am quite serious in telling you that, going further into poverty due to the US losing reserve currency status, is something I totally accept as the cost of a principled stand. I really do believe that the destruction of our ability to visit murder and mayhem on other countries is worth that cost. Don't you? ???
22
Climate Change / Re: Global Warming is WITH US
« Last post by AGelbert on June 19, 2018, 05:39:47 pm »
Agelbert NOTE: This is a refreshingly objective analysis of Guy McPherson's prediction and the actual threats to civilization from Catastrophic Climate Change.

Global Glacier, Arctic and Antarctic Ice decline, CO2 pollution and global dimming are covered factually.

Denier myths like "a new ice age is coming because the sun is getting weaker" and "human civilzation (i.e. burning fossil fuels) caused GHG emissions are not warming the atmosphere" baloney exposed with facts.

This man is a prepper with all his scienctific facts ducks in a row. He backs what he says with scientifc data.

He agrees that civilization collapse is near but he does NOT agree that it will happen on Guy's timetable. 

It is well worth the 30 minutes of this video to listen to him and view his slide presentation.

Society to COLLAPSE September 2018...Probably
 


Quote
Huples Cat Emergency Preparedness Lifestyle

Published on Jun 11, 2018

Guy McPherson believes industrial global society will probably collapse this September (in three months!)
This will lead to an abrupt rise in global temperatures due to global dimming being turned off and the extinction of all humans by 2026 at the latest.

Super Climate Doomer or the only one who sees it as it is? You decide. Wide ranging talk here on this aspect of prepping.

If you decline to accept human caused climate change or if you embrace it this talk should offer you much food for thought.

I am intending to live and not doing much differently based on this news. Frankly I'll be shocked if it appears as predicted but if it does then it does.



23
Geopolitics / Re: Money
« Last post by AGelbert on June 19, 2018, 03:04:22 pm »
Global reserve currency status of the USD  is an artifact. It has nothing to do with US citizens or their wishes or intentions. It isn't even within our control. It's primarily under the control of the FED and the BIS, the owners of which, with a few exceptions, aren't even Americans. So it isn't like US citizens are imposing their will on the rest of the world. That is not a true picture of what's going on here.

And, it's going away, in the fullness of time. No need to do anything, it's just gonna happen. A piece of it gets chipped away every day. There are advantages for us Ugly Americans, sure. But it's not like we voted for our currency to be the reserve currency. And when that advantage is history, like Britain before us, we'll just have to do the best we can with whatever our money will buy. I expect it to buy quite a bit less. That's why I try to save and invest my savings in tangible assets (non-money).

But we might not even get there. I sure don't see some long future with the Chinese Yuan being the reserve currency. Why? Because the **** is going to hit the fan early on in that future period, and global trade might be history anyway. But it's hard to say exactly how the dominoes will fall.

One interesting point Marty Armstrong makes....oil is only 7% of the current world economy in dollar terms. Now, once that critical part of the economy is gone, or becomes greatly reduced, the rest of the economy might not amount to much...but that remains to be seen. Right now oil is NOT a lot of the pie, in money terms. But most of our production of various goods and the way we move goods is tied to oil. It might all collapse, or if we're luckier, it might just shrink, and not all at once.

My guilt level over whatever privilege the USD dollar gives me right now doesn't make me lose any sleep. The Bond Kings made this system what it is, off the death and suffering of regular people who went to war for their countries, at the behest of rich people looking to make a buck. Blame them if you want to turn on your blamethrower.

In fact, the loss of reserve currency status is a particular problem that regular Americans face that the rest of the world doesn't. It'll play hell with all old people and everyone on a fixed income, and I expect it'll create a great deal of hardship when the paradigm does shift. What goes around comes around.


Eddie, I honestly do not believe you have any guilt level in regard to the the US Dollar hegemony, as your "artifact" comment evidences.

I disagree totally that Global reserve currency status of the USD is an artifact and has "nothing to do with US citizens or their wishes or intentions".

The Global Reserve Currency is the CORNER STONE, not an "artifact" of the Imperial BOOT of Repression here and abroad which TOO MANY (Greedy Capitalist) Americans wholeheartedly SUPPORT! If you wish to wrongly believe otherwise, I will not stop you.

Also, the Fed ALREADY plays hell with fixed income regular Americans through their selective inflation poverty imposing measures.

Yeah, it will get a lot worse without Reserve Currency Status. So? Anything that massively interferes with our marauding around the world, as losing reserve currency status will surely DO, is a good thing.

24
Geopolitics / Re: Money
« Last post by AGelbert on June 19, 2018, 02:40:02 pm »

Tue, 06/19/2018 - 13:45

Emerging Market Contagion Goes Global As Fund Outflows Spike Most In Over 4 Years

Despite promises from various foreign officials that just a little more intervention and just a few more billion in bailouts from Lagarde will 'fix' the "short-term speculator-driven" crisis in Emerging Markets (even as Brazil admits failure), things are escalating way beyond the idiosyncratic fears of Argentina and Turkey...

As investors Emerging Markets' anxiety spreads globally with ETF outflow across all EM ETFs soaring to the highest since Jan 2014...

In fact, as Bloomberg reports, outflows from U.S.-listed exchange-traded funds that invest across developing nations as well as those that target specific countries totaled $2.7 billion in the week ended June 15, the most in over a year and more than seven times the previous week.

The 'baby' is being thrown out with the 'bathwater' as even countries with solid prospects for growth and debt financing haven’t been immune to the selloff. South Korea and Thailand, which have current-account surpluses, are among the six-worst emerging currencies this month.

Quote
“The statistics itself reflect worries about emerging markets in terms of the growth outlook, in terms of what the Fed tightening means,” said Sim Moh Siong, a currency strategist at Bank of Singapore Ltd.

“We’re starting to see a blurring of the differentiation between current-account deficit currencies and current-account surplus currencies. That reflects the worries about trade-war jitters.”

The last week has seen derisking everywhere...

Seems like EM stocks have a long way to fall...

https://www.zerohedge.com/news/2018-06-19/emerging-market-contagion-goes-global-fund-outflows-spike-most-over-4-years

Agelbert NOTE: The EM stocks are not the only ones that have a LONG WAY TO FALL...
25
Geopolitics / Re: Money
« Last post by AGelbert on June 19, 2018, 02:19:08 pm »
How fast can Trumpovetsky bring on  Collapse?  ;D

RE


https://www.cnbc.com/2018/06/19/dow-futures-tumble-350-points-as-china-responds-to-latest-trump-threat.html

Dow tumbles as China responds to latest Trump threat

    President Donald Trump shocks China with the threat of additional $200 billion of trade tariffs.
    Beijing responds, accusing the United States of starting a trade war.
    J.P. Morgan believes Washington won't risk upsetting voters or big business.

David Reid   | @cnbcdavy
Published 4 Hours Ago Updated 46 Mins Ago CNBC.com

      
   
U.S. President Donald Trump and China's President Xi Jinping leave a business leaders event at the Great Hall of the People in Beijing on November 9, 2017. Nicolas Asfouri | AFP | Getty Images

Global stock markets fell sharply on Tuesday after President Donald Trump threatened to impose an additional trade tariff on $200 billion worth of Chinese goods.

Following that bombshell, Chinese stock markets closed sharply lower. The volatile Shenzhen fell almost 6 percent, while the Shanghai Composite neared a two-year low.

European stocks followed suit and by mid-afternoon in London, the pan-European Stoxx 600 was 0.7 percent lower with all but two sectors trading lower.

U.S. stocks were next up and shortly after the open, the Dow Jones industrial average was lower by around 300 points, equating to about 1.2 percent.

The NASDAQ and S&P 500 indices also witnessed sharp sell-offs.

The trigger for selling was a Monday night request by Trump to the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs, at a rate of 10 percent.

Trump said Monday night that If China "refuses to change its practices" then the additional levies would be imposed on Beijing.

Trade war will have strong market impact, analyst says 
5 Hours Ago | 00:27

The new tariffs followed an exchange of trade levies announced by both countries last week that is set to affect about $50 billion worth of goods flowing in each direction. Beijing has already reacted to Trump's statement, pledging to retaliate.

"The United States has initiated a trade war that violates market laws and is not in accordance with current global development trends," China's Commerce Ministry said.

Speaking to CNBC's "Squawk Box Europe" on Tuesday, Nandini Ranakrishnan, global market strategist for J.P. Morgan, said the political realities of upcoming midterm elections could force the U.S. government to back away from a full-blown trade war.

"If prices of imported goods are rising for the U.S. consumer at an unmanageable rate, then there is a large part of the U.S. voting population that maybe will feel their money not going as far," she said.

Ranakrishnan added that in addition to harming the spending power of populace, a trade war with China would risk losing the "big, booming friendly to business theme" it has cultivated.

The J.P. Morgan analyst said volatility in equity markets because of "government noise" would continue to be a big theme for 2018.

Strategist on trade tensions: 'Megaphone diplomacy' never works 
5 Hours Ago | 01:24

That view is echoed by equity analysts at ABP Invest. Founder Thanos Papasavvas said in a note Tuesday that trade disputes would have a more significant impact in volatility than what markets were pricing in.

"Markets will not wait for the economic impact; instead, reacting on the back of headlines and the inevitable Twitter messages. This will cause volatility to increase, export-heavy stock markets like the German DAX to fall, and thus impact consumer and business sentiment accordingly," he said.

ABP has claimed that, in 2017, U.S. trade with China was worth $636 billion and almost $720 billion with the European Union.

Papasavvas identified the environment as one in which active managers should look to take advantages of "dislocations in price and risk."


The Dow, which everyone knows is in the Mother of All Bubbles, is off a percent and half. Pardon me if I'm not impressed.

It is clear that the trade war is extremely stupid and a terrible policy. But those expecting immediate financial armageddon are going to be sorely disappointed, I'm afraid.

The trade war is just going to make Trump's supporters happier and happier, as their meager dollars buy less and less. You can't fix stupid, and the current wave of populism has to run its course. When absolutely nothing Trump is trying works and the chickens come home to roost, we'll find another country to invade.

Possibly Venezuela. They have oil. Iran. They have oil. Fire up the drones.


As long the the Almighty Dollar is the world's Reserve currency, that despotic criminal USA behavior will continue.

We did not get our World Reserve Currency “exorbitant privilege” by being the "land of the free". We GOT THAT BY REPRESSION here, there and everywhere, period. Everything the American Imperial Economic Hitmen have done is repression, whether you wish to admit it or not. No other country on the planet, no matter how many they killed for this or that reason, comes close to our level of despotic behavior, except for England and Spain a couple of centuries back, on a much, much smaller scale. 

The phrase “exorbitant privilege” was originally coined in the 1960s by Valéry Giscard d’Estaing, then the French Minister of Finance. He was referring to the massive benefits imbuing to the United States for having the U.S. dollar as the world’s reserve currency. Barry Eichengreen, Professor of Economics and Political Science at the University of California Berkeley, summarized it thusly:
Quote
It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one.” Commodities are priced in dollars; trade exchange takes place in dollars; current account deficits are priced that way too. Enormous benefits accrue to the USA because of it.


Within a few weeks of the cratering of the US Dollar (caused by China, with cooperation from a few other countries, pulling the plug on all the US debt they and those other countries hold) it will be game over for the US Stock Market. Quickly after that, War Loving Incareration Nation USA will not be able to buy or bop anybody we want to "bring freedom and democracy to" because of Argentina style inflation.

No dollar hegemony = no more wars for dollar hegemony based worldwide repression, period. 

The sooner, the better. 

Discussion 2 (Going Deeper): Phasing out Military Bases

In preparation for this discussion watch the extended interview with Ann Wright (below) and the presentation by David Vine (below).

“At present [2012], the United States, with over 700 foreign military bases, navies in every ocean, a programme to militarize space, and drone bases planned for all regions of the world, is increasingly perceived in relation to its hard power diplomacy, a threat to political independence and stability for many countries.” -Richard A. Falk, Professor Emeritus of International Law at Princeton University

May 2018 EXTENDED INTERVIEW: ANN WRIGHT 🕊


http://globalsecurity.worldbeyondwar.org/discussion-7-transition-from-an-offensive-to-defensive-posture/
26
Geopolitics / Re: Money
« Last post by AGelbert on June 19, 2018, 01:24:40 pm »
Agelbert NOTE: David B. is a Canadian home builder skilled craftsman.

Trudeau Imposes Retaliatory Trade Tariffs Against the U.S.

June 18, 2018

It is in the long term interest of Canada to unravel the intertwined economy between the two countries says Dimitri Lascaris

Story Transcript

SHARMINI PERIES: Welcome to the Canada update on The Real News Network. Now, Canada is still reeling from steel and aluminum tariffs imposed by the Trump administration. Canadians are particularly miffed by the fact that Trump used a national security clause of the WTO agreement to apply these tariffs. Here’s Justin Trudeau complaining about the tariffs.

JUSTIN TRUDEAU: It would be with regret, but it would be with absolute certainty and firmness that we move forward with retaliatory measures on July 1, applying equivalent tariffs to the ones that the Americans have unjustly applied to us. I have made it very clear to the president that it is not something we relish doing, but it is something that we absolutely will do. Because Canadians, we’re polite, were reasonable, but we also will not be pushed around.

SHARMINI PERIES: Now, both prime minister of Canada and Foreign Minister Chrystia Freeland is leading a global fight against the Trump administration on steel and aluminum tariffs, the tariffs not only against Canada, but they’re also against EU countries and beyond. Here’s foreign minister of Canada, Chrystia Freeland, claiming that in times of tariffs, it helps to have friends in high places. She’s referring to the EU trade commissioner here.

CHRYSTIA FREELAND: The European Trade Commissioner, Cecilia Malmström, and I call each other sisters in trade. We sign our e-mails, “hugs.” Yes, we do. We sometimes send each other smiley faces in particularly difficult moments. And that close collaboration has been particularly important as last Thursday approached and it started to look more and more as if the U.S. Would actually go ahead and impose tariffs on steel and aluminum exports from its closest allies. So, we were able to coordinate very closely with the Europeans. The lists that- the retaliation lists that we announced were built in close collaboration. The timing of the retaliation was part of a very close collaborative discussion, and that makes our impact stronger, and that’s a great thing.

SHARMINI PERIES: Chrystia Freeland, foreign minister of Canada, is also seen on US television, here on CNN.

CHRYSTIA FREELAND: And I would just say to all of Canada’s American friends, and there are so many, seriously? Do you really believe that Canada, that your NATO allies represent a national security threat to you? And that’s why the prime minister said, “It is frankly, insulting.”

SHARMINI PERIES: And in Washington DC, where she was receiving an award for being the top diplomat by Foreign Policy magazine.

CHRYSTIA FREELAND: The two-three-two tariffs introduced by the United States are illegal under WTO and NAFTA rules. They are protectionism, pure and simple. They are not a response to unfair actions by other countries that put American industry at a disadvantage. They are a naked example of the United States putting its thumb on the scale, in violation of the very rules it helped to write.

SHARMINI PERIES: On to talk about all of this with me is our correspondent in Quebec, Dimitri Lascaris. He’s also a lawyer and our climate and environmental beat reporter. Thank you so much for joining us, Dimitri.

DIMITRI LASCARIS: Thanks for having me back, Sharmini.

SHARMINI PERIES: All right, Dimitri. Let’s start off with this whole warfare, trade warfare that everybody is talking about, that was evoked because of the tariffs on steel and aluminum. Your thoughts on how the Canadian- particularly Canadian leadership there, and the government of Canada is responding to this.

DIMITRI LASCARIS: Well, I don’t think Canadians are going to draw much sustenance from the use of smiley faces by Canada’s foreign minister. You know, the trade relationship between Canada the United States is probably unparalleled anywhere in the world. There’s approximately six hundred and seventy-four billion dollars of trade in 2017, with the U.S. having an eight point four billion surplus. Each day about four hundred thousand people cross what constitutes the world’s longest international border, many of them to engage in commerce. So, this is a trade relationship which is of profound importance to the Canadian economy.

Let me say, Sharmini, that this is the result of a very concerted, decades long policy of successive liberal and conservative governments to intertwine, ever more closely, the two economies of our country. And that has created a very risky situation for Canada. We have a relatively undiversified set of trade relationships. Our relationship with the United States is the elephant in the room, and this has repeatedly caused the Canadian government to adopt positions that were quite conciliatory to the US government. And that becomes particularly dangerous when the US administration is the one led by somebody like Donald Trump, who is such an unstable leader, such an authoritarian leader, who has shown misogynistic tendencies, fascistic tendencies, complete disregard for human rights. You really don’t want to be in bed, deep in bed with a regime like that. But that’s precisely the situation we now find ourselves in. And even a former U.S. ambassador to Canada has noted, very recently, how dangerous this is for Canada.

Bruce Hayman, ex-U.S. ambassador to this country, said recently that it is in fact in the long-term interests of Canada that there be a trade war, even though it may cause short-term pain, because it will ultimately force Canada to diversify its trade relationships. That’s precisely what we should have done decades ago, and we need to begin that process as quickly as possible. Speaking for myself, if there’s a breakdown in NAFTA, in the long-run that may actually be beneficial to Canadians. But here, the punditry is talking about it as though it’s some sort of a nightmare scenario that must be avoided at all costs.

SHARMINI PERIES: All right, now Dimitri, is quite a departure from Justin Trudeau’s initial approach to Trump, when he arrived with the family to visit Canada shorty- visit the U.S. shortly upon the inauguration of Donald Trump. And he’s made multiple visits to the White House and it’s been very friendly and up and up. What do you attribute to Justin Trudeau’s, this anti-Trump campaign that he’s on now.

DIMITRI LASCARIS: I think his hand was forced. I mean, at the end of the G7, we saw something here in this country which we have not seen for decades. In fact, I don’t recall ever hearing or seen anything like this. The president and his close aides referred to the Canadian prime minister as weak, dishonest. They characterized him as a backstabber. And one of them even said that Trudeau deserves a special place in hell. And the Conservative leader, one of the top conservative politicians here- I believe it was Jason Kenney, who was a former minister in the Stephen Harper government, is now the leader of the Alberta right-wing Conservative Party, even he was marveling at the fact that Trump seemed to be much more conciliatory and friendly with the leader of North Korea than with the Canadian prime minister.

This follows, as you’ve noted, weeks- months, I should say, really from the very outset of the Trump administration, of a very conciliatory approach to Trump by Justin Trudeau. For example, the Muslim ban, the highly controversial Muslim ban, and I think fair to say, bigoted Muslim ban, that Trump started from the beginning of his administration to put into effect, did not elicit a peep of criticism from Justin Trudeau, nothing of any substance. When Donald Trump referred to countries in Sub-Saharan Africa by means of an insulting expletive, not a peep of criticism from Justin Trudeau.

You know, when he pulled out of the Iran deal, which was almost universally opposed other than by the state of Israel, there was very modest- I mean, it wasn’t really criticism. It was more of an expression of a reservation to this policy by the Canadian government. This policy of conciliation, this approach of conciliation, is clearly an abject failure. I mean, what happened at the G7 shows that dealing with Trump in that manner is not going to garner his respect, it isn’t going to protect Canada from retaliatory measures. And now, there is a sudden reevaluation of that policy, and as a result of it, this tough talk, or at least tougher talk you’re hearing out of Trudeau has corresponded with a dramatic increase in his popularity rating. It went from forty percent, his approval rating, to fifty-two percent in a matter of a few months, many people attributing that to the fact that he’s finally adopted a reasonably tough stance in the face of the predations of the Trump administration.

SHARMINI PERIES: And one cannot ignore the fact that this is, of course, playing out well in Canada. As you cite, the polls are reflecting that. But he’s also stepping into a year next year where he will have to stand for re-election.

DIMITRI LASCARIS: That is undoubtedly influencing Justin Trudeau. In fact, recent polls show that his party is more or less tied with that of the conservative party of Andrew Scheer. And there is a lot of disenchantment in this country about his failure to follow through with main, very important campaign commitments, for example, on fighting climate change. His purchase of the Trans Mountain tar sands pipeline cannot be reconciled with his commitment on climate change.

He promised that this would be, or the last election would be the last election in which we use the first-past-the-post electoral system, which results in parties that have a minority of the vote obtaining a majority of the seats in parliament. He’s not reforming the electoral electoral system at all. And there have been other- oh, and also, he’d promised to eliminate fossil fuel subsidies, but in fact, has maintained them. So, there have been a whole range of promises that have really put him on thin ice with the Canadian electorate. I have no doubt that that is weighing heavily in the minds of the liberal leadership as the 2019 election approaches.

SHARMINI PERIES: Now Dimitri, one of the agenda items at the G7 summit was a reaffirmation of the commitments of the G7 countries to the Paris climate agreement. And now, partly all of this was derailed by Trump arriving at the G7 and the tariffs and so on. But give us a sense of Justin Trudeau appearing as a climate ambassador as something that he is committed to doing, and reducing emissions, and the contradictions in that appearance of a climate advocate.

DIMITRI LASCARIS: You know, when dealing with the Trudeau administration or government, as is so often the case in Western politics, one must always compare the reality to the rhetoric. The reality is that Canada is on a path to greatly exceed its commitment under the Paris climate accord. And in fact, the Canadian Association of Petroleum Producers, not necessarily an objective source, but nonetheless, what they have to say is something that we should pay attention to when we’re talking about prognostications about future oil use in this country. They just issued a report predicting that the tar sands production will increase by fifty percent ☠️ in the coming years.

What we need to be doing is phasing out the tar sands as rapidly as we can do so, consistently with a reasonably healthy economy. The Trudeau government is running in the opposite direction, and as I just mentioned, not only is it determined to go ahead with building fossil infrastructure to support the tar sands industry. It has failed. It’s now had three years to do it. It has failed to eliminate fossil fuel subsidies, which is the ultimate insanity. Why you would subsidize fossil fuels when we need to be keeping them in the ground is simply inexplicable. So, saying at the G7, we want to reaffirm our leadership in the Paris climate accord, or in terms of ensuring its respect, saying that is one thing. There is absolutely no action of any substance to back up that reaffirmation, unfortunately.

DIMITRI LASCARIS: Dimitri, Justin Trudeau, prime minister of Canada just had made a commitment, just a few weeks ago, to buy the Kinder Morgan Pipeline at some five billion dollars. And now, all of this is taking place at the same time when the Pope, trying to enforce his Encyclical about the environment and climate change, is actually meeting with the fossil fuel industry, asking them to curtail the emissions and save the earth. And and the G7 is talking about reaffirming the Paris climate agreement, yet Trudeau’s contradictions are just too much to handle here.

DIMITRI LASCARIS: You know, as we reported earlier this week, Sharmini, the Pope told senior executives of the world’s leading oil companies, including Exxon Mobil and BP, who were at the Vatican to hear his speech, and I’m quoting the Pope, “There is no time to lose.” And it is absolutely imperative that we begin to phase out tar sands. There’s simply no escaping that reality. And not only is Trudeau not doing that, but he’s being urged to even sacrifice Canadian lives by leaders on the Bay Street.

I mean, we had the most remarkable statement by the former governor of the Bank of Canada, David Dodge 🦖, a couple of days ago at a conference in Edmonton, that- he said definitively, “Canadians will die resisting this pipeline.” And then he went on to say, but Justin Trudeau must have the “fortitude,” the fortitude to stand up and complete the construction of this project, which is going to increase by a factor of three. The amount of diluted bitumen coming from the tar sands to the west coast of Canada is going to increase by a factor of seven, oil tanker traffic on the on the west coast of Canada. You know, what Justin Trudeau is doing cannot, by any stretch of the imagination, be reconciled either with the Paris climate accord or with the Pope’s exhortations to take action now.

SHARMINI PERIES: Dimitri, are any of these contradictions on the part of Trudeau’s leadership, or lack thereof, when it comes to the climate being realized by all these young people that ended up supporting him in the last election and wanted some serious action on the climate?

DIMITRI LASCARIS: Well, I think the fact that he had a forty percent approval rating after being wildly popular outside of his government, I think that says quite a bit about how the population and particularly young people, who have given him a lot of support the last election, feel about his broken promises, particularly with respect to the climate change. I think he has a bit of an ace- I wouldn’t go so far as to state as an ace in the hole, but it certainly is a card that he can play to strengthen his standing amongst young voters.

And that is, he does appear to remain committed to the legalization, or at least the quasi-legalization, of cannabis in Canada. And so, there is legislation being advanced, and that’s a policy that’s very popular amongst young voters. So, he may be able to rehabilitate his image amongst them between now and the election next year, in large part by pursuing that initiative and fulfilling that campaign promise. But I don’t think anybody’s going to forget entirely how badly he’s betrayed his commitment to be a climate champion.

SHARMINI PERIES: All right. Now, in relation to the climate, again, here. The newly elected premier of Ontario, Doug Ford, had a few things to say about cap and trade this week. Give us the highlights of that statement.

DIMITRI LASCARIS: So, Ontario, Canada’s most populous province, entered into a cap and trade system with its neighboring province of Quebec and with the state of California in January of this year. And Doug Ford, the conservative premier-elect, campaigned explicitly on a promise to take Ontario out of that cap and trade system. The province has raised nearly two point nine billion dollars from the sale of carbon credits, according to a report issued last month. The money goes toward the operation of something called the Green Ontario Fund to pay for climate-friendly programs, rebates for home upgrades and clean technology pilot projects. Ford’s Conservative Party criticized the program because it results in higher costs to consumers for natural gas and gasoline. But Sharmini, that’s exactly what it is supposed to do. And that’s exactly what we should be doing.

We need to be deterring people from consuming fossil fuels by raising the cost of these polluting substances. We should not be encouraging fossil fuels consumption by lowering the cost of polluting. And yet, Doug Ford said, right out of the gate yesterday, that the first piece of legislation he intends to put forward is legislation withdrawing Ontario from the cap and trade system. Quebec is alarmed by this, understandably so, and they pointed out that their economy is going strong. In fact, Quebec, where I live, and as part of that system, has full employment and a growing economy. The whole notion that this is injurious to the economy is bogus, frankly, and it seems like nothing other than a sort of right-wing ideology that fits nicely within the agenda of the fossil fuels industry in Canada, which has quite a bit of power.

SHARMINI PERIES: All right, Dimitri. I thank you so much for joining us today on The Real News Network and giving us this Canada update. I know there’s so much more to talk about, so I will look forward to having you back next week.

DIMITRI LASCARIS: Always a pleasure, Sharmini, thank you.

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

https://therealnews.com/stories/trudeau-imposes-retaliatory-trade-tariffs-against-the-u-s
Dead on on the trade section of the article. If anything there is an undercurrent of deep anger that is brewing in reaction to the trade file. The second half I  believe is off mark. Its a long time to elections federally.

Traditionally we afford parties two terms just for showing up. Progressives have nowhere to turn as the harder left side is even more in conflict with itself. It opposes trade deals but its rank and file are union members in tariff affected industries. Provincially it has a pro pipeline party in alberta and an anti pipeline one in BC... We shall see. I can't deny Canada is in deep denial and conflict of interest over Fossil fuels.


Agreed.  :(
27
Who CAN you trust? / Re: Corruption in Government
« Last post by AGelbert on June 19, 2018, 01:18:01 pm »
Quote
Eddie: You don't think Cuba is more repressive than the US?  I suggest you try to move there. You can't.

That's biased BS.  You probably can't become a citizen of Cuba unless you marry a Cuban, but that's the same anywhere.  But you can go there for a holiday, or for a political conference (I know people who have been there, organised thru WSWS), and in Michael Moore's "Sicko" he took a dozen sick US citizens there and they got treated in hospital for free, and medicines free.  He wasn't allowed to go to the US part at Guantanamo.  After 50 years of US sanctions, their infrastructure is very run down, but that would be true in any country.

The ones that want to leave are the ones who have availed themselves of all the socialised free education, and then want to move somewhere else where they can earn more money for themselves and not pay Cuban taxes.  Greedy scum in other words.


The christian asylum seeker from Cuba I met in 2010-11 spoke English well, so I assume their education is at least half in English. That fits them perfectly for running offshore call centres for corporations or becoming bartenders and tour guides, making the big bucks compared to anyone still working for the Cuban govt "pretending to work and pretending to be paid". Perhaps taxing this free market that appeared as Castro was on his death bed can fund the govt and improve wages.  But u have to say also that if these people leave, whether they have their Cuban qualifications recognized I have no idea, but if they even work as low skill minimum wage for greed, their education failed.

Under communism all children are also wards of state and so are schooled in communism. All forms of art, music and literature are only approved to glorify the revolution. The same principle applies to all work, hence the hammer and sickle symbols. The sickles are a little ironic if there are no crops after scorched earth purges though. Anyway, would a programmer who likes to to work on apple, android and ms windows be as much a failure of communist education and greedy scum, as a painter or sculptor who isn't interested in portraits of revolutionaries?







Eddie, EVERYTHING we have access to in the USA is based on Imperial REPRESSION of other countries AND the majority of non-wealthy Americans.

How can I say such an "outrageous" statement?

Ask yourself a simple question? How would you feel if you HAD TO buy and sell everything you depend on with Russian Rubles?

Would that bother you a teensy weensy bit?

I think it would put a MOUNTAIN SIZED BURR under your Texas saddle.

It's NOT "okay" because War loving Incarceration Nation USA does it to everyone that ain't rich here and everyone that don't live in the USA.

Please DO NOT tell me that we "had to do that before some other country did it to us 😇 ;)". That is not a justification for routine repression. And yeah, economic repression DIRECTLY translates into slave wages, poverty, lack of freedom, strife, wars, murder, and so on HERE and abroad. To pretend it doesn't is sophistry.

Cuba is simply not in the same ball park with the level of repression the USA is NUMERO UNO at on this planet.

We did not get our World Reserve Currency “exorbitant privilege” by being the "land of the free". We GOT THAT BY REPRESSION here, there and everywhere, period. Everything the American Imperial Economic Hitmen have done is repression, whether you wish to admit it or not. No other country on the planet, no matter how many they killed for this or that reason, comes close to our level of despotic behavior, except for England and Spain a couple of centuries back, on a much, much smaller scale. 

The phrase “exorbitant privilege” was originally coined in the 1960s by Valéry Giscard d’Estaing, then the French Minister of Finance. He was referring to the massive benefits imbuing to the United States for having the U.S. dollar as the world’s reserve currency. Barry Eichengreen, Professor of Economics and Political Science at the University of California Berkeley, summarized it thusly:
Quote
It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one.” Commodities are priced in dollars; trade exchange takes place in dollars; current account deficits are priced that way too. Enormous benefits accrue to the USA because of it.


28
Geopolitics / Re: War Provocations and Peace Actions
« Last post by AGelbert on June 18, 2018, 09:12:14 pm »
Far-Right 🦀 Wins Presidency in Colombia: ‘A Frightening Result’ 😨

June 18, 2018

Ivan Duque, who is the candidate of former president Alvaro Uribe, won a solid victory for Colombia’s presidency and will probably take Colombia back towards civil war and internal repression, with the help of the US and other conservative governments, argues Manuel Rozental, of PueblosEnCamino.org

Quote
Manuel Rozental

Emmanuel Rozental is a Colombian activist, physician, and practicing surgeon with more than 40 years’ involvement in grassroots political organizing with youth, indigenous peoples, and urban and rural movements. He has been exiled several times to Canada for political activities. Academic in social and political sciences, strategist with social movements throughout the Americas and beyond.



SNIPPET from video interview:

Quote
So our fear is now that Colombia is the spearhead of the U.S. policy for this continent. And the U.S. policy for this continent in economic terms is this: war actually is not a means to an end. The resources and territories that are needed are not only a means to an end. War is the end in itself.

The Middle Eastern wars have activated the economy and have improved the economy in the U.S. [Inaudible] that Colombia’s role is one of the Israel of Latin America. And what comes here is a model and a new phase, neoliberalism is left behind.

The new phase such as Colombia and Mexico for capital from the U.S., and pushed by, promoted by U.S. corporations and the Pentagon, is actually a, let’s call it a mafia-type capitalism which is, on the one hand, drug trafficking and drug mafias together with governments and corporations, and launching all types of wars constantly.

I am not trying to generate fear. I’m just showing the type of movements we’re seeing developing here.

https://therealnews.com/stories/far-right-wins-presidency-in-colombia-a-frightening-result
29
Who CAN you trust? / Re: Corruption in Government
« Last post by AGelbert on June 18, 2018, 09:02:09 pm »
Far-Right 🦀 Wins Presidency in Colombia: ‘A Frightening Result’ 😨

June 18, 2018

Ivan Duque, who is the candidate of former president Alvaro Uribe, won a solid victory for Colombia’s presidency and will probably take Colombia back towards civil war and internal repression, with the help of the US and other conservative governments, argues Manuel Rozental, of PueblosEnCamino.org

Quote
Manuel Rozental

Emmanuel Rozental is a Colombian activist, physician, and practicing surgeon with more than 40 years’ involvement in grassroots political organizing with youth, indigenous peoples, and urban and rural movements. He has been exiled several times to Canada for political activities. Academic in social and political sciences, strategist with social movements throughout the Americas and beyond.



SNIPPET from video interview:

Quote
So our fear is now that Colombia is the spearhead of the U.S. policy for this continent. And the U.S. policy for this continent in economic terms is this: war actually is not a means to an end. The resources and territories that are needed are not only a means to an end. War is the end in itself.

The Middle Eastern wars have activated the economy and have improved the economy in the U.S. [Inaudible] that Colombia’s role is one of the Israel of Latin America. And what comes here is a model and a new phase, neoliberalism is left behind.

The new phase such as Colombia and Mexico for capital from the U.S., and pushed by, promoted by U.S. corporations and the Pentagon, is actually a, let’s call it a mafia-type capitalism which is, on the one hand, drug trafficking and drug mafias together with governments and corporations, and launching all types of wars constantly.

I am not trying to generate fear. I’m just showing the type of movements we’re seeing developing here.

https://therealnews.com/stories/far-right-wins-presidency-in-colombia-a-frightening-result
30
General Discussion / Re: Human Life is Fragile but EVERY Life is Valuable
« Last post by AGelbert on June 18, 2018, 08:30:58 pm »


Humanitarian Boat 🕊 Turned Away by Italy Arrives in Spain ✨

June 17, 2018 by Reuters

SNIPPET:

The Aquarius rescue ship arrives to port carrying 106 migrants in Valencia, Spain June 17, 2018. REUTERS/Heino Kalis

reuters logoBy Luis Felipe Fernandez and Jordi Rubio VALENCIA, Spain, June 17 (Reuters) – A migrant rescue boat turned away by Italy and Malta arrived at the Spanish port of Valencia on Sunday, ending a grueling voyage which has made it a symbol of Europe’s failure to agree on immigration.

Spain swooped to help 629 mainly sub-Saharan Africans on board the Aquarius last week after Italy’s new government, asserting its anti-immigrant credentials, refused to let it dock. Spain’s Prime Minister Pedro Sanchez, who took office two weeks ago, took the opportunity to show a more liberal stance.

But the plight of the Aquarius, run by Doctors Without Borders (MSF) with Franco-German charity SOS Mediterranee, highlighted the European Union’s failure to agree on how to manage the huge influx of people fleeing poverty and conflict.

In Valencia, officials in white protective suits and masks greeted the migrants as they debarked and police started identifying them and processing their information.

The Aquarius arrived carrying 106 people rescued from unstable boats near Libya. The others had been transferred to an Italian coast guard vessel and a ship belonging to the Italian navy to make the journey safer.

The coast guard boat was the first to arrive, docking in the eastern port with 274 on board just after dawn.

Shouts and singing erupted on the ship as the migrants on board saw Valencia on the horizon, Spanish journalist Gabriela Sanchez tweeted from another boat traveling alongside it.

A staff of 2,320, including volunteers, translators and health officials, were waiting on shore. Red Cross Secretary General Elhadj As Sy was also in Valencia for the arrival.

Related: Italy Cries ‘Victory’ as Spain Opens Port to Rescued Migrants

“This sad odyssey of the people on the Aquarius is another reminder that all people, regardless of their nationality or immigration status, should have access to basic assistance and protection,” Sy said in a statement.

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“No human being is ‘illegal’, and people who need help should receive help,” added Sy.   
 

“CALM AND PLEASED”

Doctors Without Borders tweeted a photo of one of its team telling the people on board what they could expect.

“People are calm and pleased to be arriving in Spain,” the group said.

All seven pregnant women on board the ships will be immediately taken for check-ups, and all the arrivals, including 123 minors, will receive psychological help.

Full article:

http://gcaptain.com/humanitarian-boat-turned-away-by-italy-arrives-in-spain/
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