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AGelbert

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How Can Oil Be Worth Less Than Zero?
« Reply #870 on: April 29, 2020, 08:11:22 pm »

How Can Oil Be Worth Less Than Zero?
2,168 views•Apr 29, 2020


The Real News Network
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Dan Dicker traded oil futures for 25 years on the NYSE. He explains how COVID-19 created a perfect storm for oil markets , and why it still doesn't 🥺 make green energy inevitable.

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

AGelbert

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Agelbert RANT :

The favored Orwellian phrase that Social Darwinists use to disguise their mens rea modus operandi
“Never attribute to malice that which is adequately explained by stupidity.” 

While the above quip is of occasional accuracy, it seldom applies to Social Darwinists, no matter what wing of the American Duopoly, and the behavior they elicit.

In fact, this Orwellain phrase was itself cleverly formulated with the malice aforethought goal of wide dissemination through frequent repetition. That purpose is to keep observant humans from following the advice that experience teaches all of us to wisely heed:

“Never attribute to stupidity that which is adequately explained by malice.”

For those who may find the above to be merely a "conspiracy theory" that "violates" Occam's razor, let me make it clearer to you.

You are all familar with the phrase, "Follow the Money". Nobody calls that "conspiracy theorist" methodology. Everybody agrees that it is a rational course of action.

How would you respond if you were told, over and over that, "Following the money is for envious fools who see crime where there are only riches that resulted from hard work and great skill"?

How about this one?: "Where there is smoke, assuming there is a fire is for irrational nervous nellies."?

What about these three iterations of Capitalist (i.e Social Darwinist) happy talk?:
1. Behind every great fortune lies a great mind.
2. Every great fortune begins with a job creator with a great idea.
3. At the root of every great fortune there was a gifted individual.

Knowledgeable individuals may have noticed the above seem slightly, to put it mildly, inaccurate.

Here are the more correct versions of the above:
1. Behind every great fortune lies a great crime.
2. Every great fortune begins with a crime.
3. At the root of every great fortune there was a crime.

The above three are all popular versions of this one that you have all heard: "Behind every great fortune there is a crime."—Balzac
Although Balzac didn't actually say the above, that's what most of us have read. Most intelligent and observant people accept that as mostly, if not always, true.

IOW, when crime is involved, the default reason is mens rea, not stupidity. That is the wisdom that the Social Darwinists scheme to try to remove from human consciouness though Orwellian phrases.

Here's what Balzac actually said:
Here is the original in French from a serialization of “Le Père Goriot” published in “Revue de Paris” in 1834: "Le secret des grandes fortunes sans cause apparente est un crime oublié, parce qu’il a été proprement fait."
English translation published in the year 1900:
"The secret of a great fortune made without apparent cause is soon forgotten, if the crime is committed in a respectable way."

Balzac saw through the facade of "civilized" Capitalism. He exposed the criminal depravity of the rich, not just in pointing out the mens rea behind fortune building, but in their deliberate corruption of the fundamental values of society (i.e. "rich equals respectable").

The fact is that the the term "Rich equals Respectable" is, in additon to being an oxymoron, Orwellian.

The purpose of falsely equating riches with respectability is to eliminate morallity, the true measure of respectability, from public consciousness.
   
What I want to communicate to you is that the work of the   mens rea crowd cursing humanity is to convince you that, not only are their in-our-faces crimes, "not crimes", but their (despicably immoral) behavior is "respectable" behavior that we should all "admire and wish to emulate".

FAR more often than not, Rich equals Unrespectable.

They are not stupid; they are evil.


“Never attribute to stupidity that which is adequately explained by malice.”  
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Anti-Capitalist Chronicles: Revolutionary Transformation Requires a Collective Response
2,663 views•Apr 30, 2020


Democracy At Work
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[S2 E09] Revolutionary Transformation Requires a Collective Response

To our Patreon community: thank you for supporting David Harvey's Anti-Capitalist Chronicles  on Patreon! Your support helps us compensate the staff and additional workers it takes to put an episode together. Thank you for being a part of the ACC team!

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In this episode, Prof. Harvey argues that we cannot survive this viral crisis without a radical reconfiguration of the social and institutional arrangements. Any revolutionary transformation of society has to operate across all dimensions: technology, relation to nature, social relations, production apparatuses, social reproduction, institutional arrangements, State apparatuses and mental conceptions.

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

AGelbert

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Nancy Altman: Social Security is Going Strong
« Reply #873 on: May 01, 2020, 12:04:01 am »
Nancy Altman: Social Security is Going Strong
287 views•Apr 30, 2020


The Zero Hour with RJ Eskow
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Category News & Politics
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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US GDP contracted by 4.8% in the first quarter. It was the first negative GDP reading since a 1.1% decline in the first quarter of 2014 and it was the lowest level since the 8.4% plunge in Q4 of 2008.
And the worst is yet to come.

Fri, 05/01/2020 - 12:10

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

AGelbert

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🚨 New 🌠 Disastrous Jobs Report Released❗
« Reply #875 on: May 01, 2020, 05:07:49 pm »
🚨 New 🌠 Disastrous Jobs Report Released❗
304 views•May 1, 2020


Jamarl Thomas
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Category News & Politics

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

AGelbert

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May 1, 2020

These ‘Are The Good Times — Compared To What’s Coming Next
By Chauncey DeVega, Salon. Empires fall a little bit at a time and then all at once. Over the last two decades, America has proven itself to be well along on that journey. The coronavirus pandemic has simply pushed our nation further along that downward spiral. Ultimately, the pandemic has further exposed and exacerbated — for those still somehow in denial about the decades-long reality of America as a decaying empire — deep political, social, economic, cultural and other societal problems.The country’s infrastructure is rotting. Trump presides over a plutocratic, corrupt, cruel, authoritarian, pathological kakistocracy. - more - 😬



#GeneralStrike2020: How To Participate On The May Day Launch
By Popular Resistance. On May Day, the first of May, the #GeneralStrike2020 (and beyond) campaign launches across the country. Learn more about the overall campaign in our most recent newsletter, “The Era of Mass Strikes Begins On May 1; First Day of General Strike Campaign.” This prolonged and broad campaign will organize around a list of basic demands, as outlined here. Not on the list, but included is the demand to save the US Postal Service. The campaign will follow a three-prong strategy – resistance through noncompliance, mutual aid and building alternative systems i ...  - more -
 


Defying Trump’s Order , Nebraska Meatpackers Strike And More Strike News
By Mike Elk, Pay Day Report. Earlier today, Trump announced that he intended to use the power of the federal government and the Defense Production Act to keep meat processing plants open throughout the United States. The move comes as massive outbreaks with hundreds of workers have hit meatpacking plants throughout the U.S. As a result, scores of meatpacking plants have closed because of outbreaks. Strikes and mass sickouts at a dozen meatpacking plants throughout the U.S. have led to the closure of additional plants. - more -
 


Amazon, Walmart, FedEx Workers Plan Walkout On Friday
By Kaelan Deese, The Hill.Workers from corporations are planning a walkout Friday, including employees from Amazon, Walmart and FedEx. The workers are seeking better health and safety standards as well as hazard pay while working during the coronavirus pandemic.  Former Amazon employee Christian Smalls, shared a flyer on Twitter last week that included other prominent company names participating in the demonstration on May 1, such as Instacart, Target and Whole Foods, according to a report from The Intercept.  - more -



Could New Jersey Solve The Local News Crisis?
By Joshua Benton, NiemanLab.org. Americans, generally speaking at least, think it is right and good that they and their neighbors have access to books. And magazines and newspapers. And internet access when you need it. And places to sit and read. And a trusted source you can call when you have a question you can’t figure out the answer to. These things cost money, and it’s unlikely the magic of the marketplace will find a way to make all of them universally accessible. So people in nearly every community nationwide have funded and supported these.. - more -
 
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Cars Stuck at Sea Shows Weight of U.S. Auto Industry Glut
By Bloomberg on May 01, 2020 01:14 pm
By Chester Dawson (Bloomberg) — The length of almost two football fields, the cargo ship Jupiter Spirit arrived in Los Angeles’ harbor on April 24 after an almost three-week journey from Japan, ready to unload its cargo of about 2,000 Nissan Armada SUVs, Rogue crossovers and Infiniti sedans in a quick, half-day operation. But when the […]  Read full story...




🦕 Tanker Rates 🌠 Crash as 🦖 OPEC+ Cuts Near. Tanker Owners Reman Bullish
By Bloomberg on May 01, 2020 11:49 am
By Firat Kayakiran (Bloomberg) — Oil tanker rates are crashing as a pact to limit global crude production begins. Don’t bet on the rout enduring. From today, crude producers in the OPEC+ alliance are cutting their collective output by a level that’s unprecedented in history — almost 10% of global consumption. Normally, such huge curbs would have destroyed […]  Read full story...
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Quote
Perhaps her most shocking calculation is that were the current stimulus money to be divvied up and sent directly to families, it would end up being $13,000 per person, not the measly $1,200 the government is sending out as a one-off. Where, you may ask, did all the rest of that money go? As Brown and Scheer continually remind us, it’s been sent to the companies that pull all the strings in our rigged system.

Scheer Intelligence: Coronavirus Proves Capitalism Has Always Been A Lie
By 🗽 Robert Scheer, Scheer Post. As the coronavirus pandemic continues to cause mass death and upheaval around the world, there has been an unexpected side effect: it has unmasked capitalism. In the U.S., this unmasking can be seen in both the Federal Reserve’s actions as well as Congress’ coronavirus aid legislation, the CARES Act, both of which reveal critical truths about an economic system that has been sold to working people as one thing and as quite another to banks and corporations. To shed some much needed light on the intricacies of our... 
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Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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THE WOLF STREET REPORT: Nothing’s Fixed – What’s Behind the Corporate Debt Bailout

by Wolf Richter • May 3, 2020 • 115 Comments

Over the past two years, nobody knew what would trigger the next financial crisis, but just about everyone knew it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it….


https://wolfstreet.com/2020/05/03/the-wolf-street-report-nothings-fixed-whats-behind-the-corporate-debt-bailout/



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

AGelbert

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Republicans :o Blast 🦀 Donald Trump in New Coronavirus Ad | NowThis
37,465 views•May 4, 2020


NowThis News
705K subscribers

‘There’s mourning in America. More than 60,000 Americans have died from a deadly virus Donald Trump ignored.’ — This brutal Republican-sponsored ad blames Donald Trump for the U.S.' coronavirus death toll.
» Subscribe to NowThis: http://go.nowth.is/News_Subscribe
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In US news and current events today, COVID-19 has touched every part of the U.S., with the number of confirmed coronavirus cases increasing and the amount of COVID19 deaths getting larger. Politics aside, health experts have found that if President Donald Trump acted sooner to address the coronavirus pandemic, the COVID-19 death toll in the U.S. wouldn't be as high as it is.

In this brutal new ad from the Lincoln Project, Republicans are slamming Donald Trump for his response to the coronavirus pandemic. 'There’s mourning in America, and under the leadership of Donald Trump, our country is weaker, and sicker, and poorer. And now, Americans are asking, if we have another 4 years like this, will there even be an America?,' the ad says.

The Lincoln Project is a collective of Republicans who oppose President Donald Trump. One of its founders is George Conway, the husband of Kellyanne Conway.

For more coronavirus news and COVID-19 updates, as well as U.S. politics stories like this one, follow NowThis News.

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

AGelbert

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Economic Update: Honoring May Day, 1886 & 2020
« Reply #881 on: May 04, 2020, 10:05:06 pm »
Economic Update: Honoring May Day, 1886 & 2020
16,015 views•May 4, 2020


Democracy At Work
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[S10 E18] Honoring May Day, 1886 & 2020

**We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron Economic Update on Patreon: https://www.patreon.com/economicupdate. Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff's message is critical.

From May Day 1886 to 2020, workers wage long, hard struggles to reform capitalismFrom the fight for an 8-hour workday to the fight for a safe, Corona-free workplace now. Employers block and delay reforms, and try to undo them once won. They use what capitalism gives them: dominant power, incentive (profit), and means (profits). If we change the system from capitalist to worker-coop, workers alone democratically make and secure reforms. Employers, the constant enemy of reform, vanish as a separate group dominating society.
____________________________________________________________________
Prof. Wolff's latest book "Understanding Socialism"
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Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Robert Johnson on the Soul of Economics
« Reply #882 on: May 05, 2020, 08:46:00 pm »
Robert Johnson on the Soul of Economics
504 views•May 5, 2020


The Zero Hour with RJ Eskow
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Category News & Politics
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Quote
All Three Pandemics Have Their Roots In An Economic Model Based On Profits, Greed, And Extractivism, Which Has Accelerated Ecological Destruction, Aggravated Loss Of Livelihoods, Increased Economic Inequality, And Polarised And Divided Society Into The 1% And 99%.

The Corporate-Dominated World Faces Not One, But Three Pandemics
By Vandana Shiva, Commondreams. The multiple crises are a wake-up call that the economy run by the 1% is not working for people and nature. The 1% is talking of 99% being “useless people” in their idea of the future based on digital agriculture and farming without farmers, automated factories, and production without workers. We have an obligation to create economies that do not destroy nature, do not destroy livelihoods and the rights of workers, economies that do not destroy our health by spreading disease and pandemics, do not destroy livelihoods and the freedom...
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Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

AGelbert

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Prof. Wolff: 🦀 Primitive Accumulation & the Pandemic
106 views•May 5, 2020


The Zero Hour with RJ Eskow
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#COVID19 #ZeroHourLockdown #TheZeroHour

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If you liked this clip of The Zero Hour with RJ Eskow, please share it with your friends... and hit that "like" button!

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

 

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