#economic

escheche@diasp.org
steelnomad@diasp.org

No Way Out but War, by Chris Hedges

The permanent #war #economy, implanted since the end of World War II, has destroyed the private economy, bankrupted the nation, and squandered trillions of dollars of taxpayer money. The monopolization of capital by the #military has driven the US #debt to $30 trillion, $ 6 trillion more than the US GDP of $ 24 trillion. Servicing this debt costs $300 billion a year. We spent more on the military, $ 813 billion for fiscal year 2023, than the next nine countries, including China and Russia, combined.

We are paying a heavy social, political, and economic cost for our #militarism. #Washington watches passively as the U.S. rots, morally, politically, economically, and physically, while China, Russia, Saudi Arabia, India, and other countries extract themselves from the tyranny of the U.S. dollar and the international Society for Worldwide Interbank Financial Telecommunication (SWIFT), a messaging network banks and other financial institutions use to send and receive information, such as money transfer instructions. Once the U.S. dollar is no longer the world’s reserve currency, once there is an alternative to SWIFT, it will precipitate an internal #economic collapse. It will force the immediate contraction of the U.S. empire shuttering most of its nearly 800 overseas military installations. It will signal the death of Pax Americana.

#USA #empire #collapse #antiwar

wurstaufbrot@pod.geraspora.de

#Economic #Idiocracy

The title says it all. This slideshow style film shows how BIG #BUSINESS has previously destroyed the United States #economy and why it might happen again.
This short film is also part of a larger project entitled HIDING IN PLAIN SITE / THE NEWS MEDIA STORY ON THE ISSUE OF ILLEGAL IMMIGRATION.

Today this same video could play a part in the #Occupy movement that is currently taking place around the world

Source: https://archive.org/details/economic_idiocracy

tpq1980@iviv.hu

There is an attempt underway to cede the national #sovereignty of 193 nations to the World #Health Organisation.

If successful, this would permit the W.H.O & those who puppeteer it, to suspend the #economic activity, #rights, constitutions & #laws of it's member states in the event the W.H.O decides to declare a "Public Health Emergency of #International Concern".

The Supranational #Elite #Scions have #viruses #engineered & ready to release, they can start a "Public Health #Emergency of International Concern" any time they like & then use the W.H.O, mass #media, #information industries & usurped #governments to suspend rights & impose conditions on the #world that will lead to #tyranny & deliberate mass #depopulation of #humanity.

sylviaj@joindiaspora.com

China-3, USA-0 ~ Beijing inflicts a severe economic defeat on America

https://www.toronto99.com/2022/02/15/china-3-usa-0-beijing-inflicts-a-severe-economic-defeat-on-america/

There is no mystery regarding the reasons for this #US #failure. Paradoxically, the world’s supposed “number one #capitalist #economy” is now actually creating very little #capital. Instead, the US has become an economy overwhelmingly dominated by #consumption. New figures show that on #trade, #economic #growth and #inflation, #China’s comprehensively come out on top and #US #sanctions have #failed miserably.

#defeat #world #tariffs #deficit #trade-war #capitalism

opensciencedaily@diasp.org
sylviaj@joindiaspora.com

Imperial Abyss ~ Yanis Varoufakis, Richard D Wolff

https://www.youtube.com/watch?v=sN6ac59G6Bo

'It has been one year since #JoeBiden came into office. While he is at COP26 making weak and unconvincing commitments on the climate, the #collapse of the #world #order as we know it — from #environment to #geopolitics — seems #imminent. #RichardWolff and #YanisVaroufakis examine #Biden’s first year in office, and share their perspectives on the current #political and #economic order and its #future, from #techno-feudalism to the new #ColdWar on #China. They also speak about the ongoing #pandemic and the profound #transformations taking place in our time.'

#imperial #abyss #varoufakis #wolff #working-class #workers #labor #unions #strikes #capitalism #oligarchy #financialization #digital #system #foreign #policy #hegemony #us #eu #nordstream2 #empire #decline #denial #fdr #lbj #socialism #organize

theaitetos@sysad.org

The Russian Military Intelligence Perspective

This is a translated transcript of a 2020 interview with a Russian military strategist with combat experience dating back to Afghanistan about his interpretation of the coronavirus phenomenon. He was also directly involved in Vladimir Putin’s campaign to free Russia from post-Soviet financial oligarch rule. Needless to say, this interview is considerably more informative, and provides a better predictive model going forward, than anything you’ve see on the subject in the mainstream media for the last 18 months.

Today we have Vladimir Kvachkov as our guest, a Colonel of the GRU, a public figure with a PhdD in Military Science. Vladimir Vasilivievich. I know you served, among other things as the leading researcher for the Centre for Defence and Strategic Studies of the General Staff of the Armed Forces. Considering your expertise, what do you make of the Coronavirus phenomenon?

It’s exactly this perspective that you need to examine it from. Not from the public-health perspective, nor epidemiology etc. The #Coronavirus #phenomenon, that they falsely deem a #pandemic needs to be examined from the perspective of #global #powers, #religious, #political, #financial, #economic and #national. The Coronavirus phenomenon, the so-called pandemic, and let me tell you, there’s no pandemic, it’s all a #lie, needs to be considered as a global strategic special operation. This is exactly how you need to think of this thing. These are command and staff exercises of the world’s behind-the-scenes powers on #controlling #humanity. This is what the #goal of this Coronavirus is.

I’ll repeat it once again, we have little #faith in #God and even less so in the #existence of #Satan, the enemy of the human race. So the aim of the behind-the-scenes #Zionist and financial powers is reducing the world’s population…

theaitetos@sysad.org

China Contemplates Confrontation

This sort of blustery rhetoric tends to be dismissed by #Americans in the aftermath of the #wars against #Arabs in the #MiddleEast, but it shouldn’t be when it comes from #China in response to various diplomatic #provocations by the #US State Department using #European #proxies.

Diplomatic measures alone are obviously not enough. If the US and the #Taiwan island change the names, they are suspected of touching the red line of China’s Anti-Secession Law, and the Chinese mainland will have to take severe #economic and #military #measures to combat the #arrogance of the US and the island of Taiwan. At that time, the mainland should impose severe economic sanctions on the island and even carry out an economic #blockade on the island, depending on the circumstances.

Militarily, Chinese mainland’s fighter #jets should fly over the island of Taiwan and place the island’s #airspace into the patrol area of the #PLA. This is a step that the #mainland must take sooner or later. The name change provides the Chinese mainland with sufficient reason to strengthen our #sovereign #claim over the island of Taiwan. It is anticipated that the Taiwan army will not dare to stop the PLA fighter jets from flying over the island. If the Taiwan side dares open fire, the Chinese mainland will not hesitate to give “Taiwan independence” forces a #decisive and #destructive blow….

Will #peace come if the Chinese mainland puts up with all this and swallows its anger for the sake of peace? If the mainland doesn’t strike back decisively, US #warships will dock at the island of Taiwan, its fighter #aircraft will land on the island and its #troops may be stationed in the island again. At that time, where will be China’s #prestige as a #great #power? How can the country maintain its system of defending its #interests on the international stage?

The fact is that a #contest of #will has been formed regarding the Taiwan question. Since China has declared that the Taiwan question is a matter of our #core interests, we must take resolute actions to protect the bottom line of this exact national interest at any cost. If the #DemocraticProgressParty authority really dares to take the risk of triggering a war to push for a name change, and the US, which just suffered a #debacle in #Afghanistan, is not afraid of being involved in a new war, then what is there for the mainland to be scared of?

It seems that sooner or later, the #TaiwanStraits will be plunged into a #storm that will change the situation there drastically. And judging from the current actions of the US and the island of Taiwan, we can be sure that even if they will have to take this step back, they will step forth again soon. Thus, right now we need to be fully prepared to blow them out of the water in the Taiwan Straits.

Global Times, 12 September 2021

There is a rational argument for the US #military provoking a #confrontation with China sooner rather than later, as the technological and production trends are clearly working in China’s favor. The Chinese are fully aware of these trends, which is why they have resolutely avoided military confrontation with the USA for decades. And that’s why it is so significant that at least some parties in China believe, and are willing to publicly declare, that the right time for resolving “the Taiwan question” is right now.


#UPDATE: The provocations aren’t only diplomatic.

US Guided-missile destroyer #USS #Benfold trespassed in waters near the #Meiji-Reef in the #SouthChinaSea Wednesday without permission from China. The Chinese side mobilized aircraft and ships to warn off and expel the ship from the waters. In a 7th Fleet news release, the US side acknowledged that USS Benfold sailed within 12 nautical miles of Meiji Reef. But it said the warship was asserting navigational rights and freedoms. It claimed the Meiji reef “is not entitled to a territorial sea under international law,” and “the land reclamation efforts, installations, and structures” built on the reef “do not change this characterization under international law.”

China and the US don’t agree on the nature of the 12 nautical miles of Meiji Reef. Other different views exist worldwide. But international law doesn’t empower any country to challenge others’ sovereign claim with an intrusion by a warship. The US in particular has no right to do so given the fact that it has not ratified the United Nations Convention on the Law of the Sea.

Global Times, 13 September 2021

anonymiss@despora.de

#Economic cost of #climate change could be six times higher than previously thought

source: https://phys.org/news/2021-09-economic-climate-higher-previously-thought.html

"Climate change makes detrimental events like the recent heatwave in North America and the floods in Europe much more likely. If we stop assuming that economies recover from such events within months, the costs of warming look much higher than usually stated. We still need a better understanding of how climate alters economic growth, but even in the presence of small long-term effects, cutting emissions becomes much more urgent."

#environment #economy #politics #pollution #co2 #future #problem #news

tpq1980@iviv.hu

With regards to #medical #mandates, "#Vaccine passports" and/or "#lockdowns" in the #UK please see:

Sidaway v. Board of Governors of the Bethlem Royal Hospital and the Maudsley Hospital

"A mentally competent patient has an absolute right to refuse to #consent to medical #treatment, for any reason, #rational or #irrational, or for no #reason at all, even where that decision may lead to his or her own #death."

This establishes the #principle of a legal right to #refuse medical treatment, preventative or curative. The ruling has been used in many cases and upheld.

https://swarb.co.uk/sidaway-v-board-of-governors-of-the-bethlem-royal-hospital-and-the-maudsley-hospital-hl-21-feb-1985/

In addition, please see the #International #Covenant on Civil and #Political #Rights Article 1 Section 1, Article 7 and Article 12 Section 1. The UK signed the #ICCPR September 1968 and ratified it in May 1976.

ICCPR Article 1 Section 1:
"All peoples have the #right of self-determination. By #virtue of that right they freely determine their political status and freely pursue their #economic, #social and #cultural development."

ICCPR Article 7:
"No one shall be subjected to #torture or to #cruel, #inhuman or degrading #treatment or #punishment. In particular, no one shall be subjected without his #free #consent to medical or #scientific #experimentation."

ICCPR Article 12 Section 1:
"Everyone #lawfully within the #territory of a #State shall, within that territory, have the right to #liberty of movement and #freedom to choose his residence."

The UK is a ratified signatory nation of the ICCPR and has a #legal obligation to abide by the Articles within the treaty.

https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx

tpq1980@iviv.hu

With regards to #medical #mandates, "#Vaccine passports" &/or "#lockdowns" in the #USA please see:

14th Amendment, Section 1, Due Process Clause in conjunction with Washington v. Harper (1990) & Cruzan v. Director Missouri Department of #Health (1990).

14th Amendment, Section 1:
"All persons born or naturalized in the United States, and subject to the #jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any #law which shall abridge the privileges or immunities of #citizens of the United States; nor shall any state deprive any person of #life, #liberty, or #property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws."

https://www.law.cornell.edu/constitution/amendmentxiv
https://constitutioncenter.org/interactive-constitution/interpretation/amendment-xiv/clauses/701

Washington v. Harper (1990)
"The forcible #injection of medication into a nonconsenting person's body represents a substantial interference with that person's #liberty."

https://en.wikipedia.org/wiki/Washington_v._Harper
https://supreme.justia.com/cases/federal/us/494/210/

Cruzan v. Director, Missouri Department of Health (1990)
"[a competent person has a] constitutionally protected liberty interest in refusing unwanted medical treatment."

https://en.wikipedia.org/wiki/Cruzan_v._Director,_Missouri_Department_of_Health
https://supreme.justia.com/cases/federal/us/497/261/

Article 6 of the US Constitution in conjunction with The International Covenant on Civil & Political Rights Article 1 Section 1, Article 7 & Article 12 Section 1. The USA signed the #ICCPR October 1977 & #ratified it in June 1992.

US #Constitution, Article 6:
"...all #Treaties made, or which shall be made, under the #Authority of the United States, shall be the supreme Law of the Land; and the #Judges in every State shall be bound thereby..."

https://constitution.congress.gov/constitution/article-6/

ICCPR Article 1 Section 1:
"All peoples have the #right of self-determination. By #virtue of that right they freely determine their #political status and freely pursue their #economic, #social & #cultural development."

ICCPR Article 7:
"No one shall be subjected to #torture or to #cruel, #inhuman or degrading #treatment or #punishment. In particular, no one shall be subjected without his free #consent to #medical or #scientific #experimentation."

ICCPR Article 12 Section 1:
"Everyone #lawfully within the #territory of a #State shall, within that territory, have the right to liberty of movement and #freedom to choose his residence."

The USA is a ratified signatory #nation of the ICCPR and has a #legal obligation to abide by the Articles within the #treaty.

https://www.ohchr.org/en/professionalinterest/pages/ccpr.aspx

sylviaj@joindiaspora.com

To counter U.S. hostility, China moves towards people centered policies

https://www.moonofalabama.org/2021/09/in-counter-to-us-attacks-china-transforms-itself-from-capital-centric-to-people-centric.html

To counter #China, the #USA shifts to the #oligarchy. To counter #America, China shifts to the #people. Who will win?
Aside from the #ideological #underpinning, the new regulatory moves are #populist. The #masses will like them. They guarantee #President #XiJinping's #reelection at next year's national party congress. They will #strengthen China's #unity in its #competition with the #UnitedStates.

#MoonOfAlabama #MoA #globalization #economic #fundamentals #free-markets #income #disparity #investment #mgmt #legal #politics #regulations #regulators #soros #michaelhudson #healthy #society #common #prosperity

steelnomad@diasp.org

Don’t Wage Economic War on Afghanistan

#Sanctions advocates from the hardline Foundation for Defense of Democracies recently made the case for piling on sanctions on #Afghanistan by adding the #Taliban to both the FTO list and the list of state sponsors of terrorism. Hawks have been disastrously wrong about the use of sanctions for decades, and now they propose to strangle a country that has been wracked by #war for the last four decades. The last thing that Afghanistan needs after generations of armed #conflict is a new #US #economic war.

These calls for designating the Taliban would have a few practical effects, all of them bad: it would impede the delivery of #aid and the conduct of #trade with the rest of the world, it would deprive the #Afghan #people of being able to import goods from elsewhere, it would worsen the #refugee #crisis, and it would give Taliban every incentive to cooperate with and support #hostile groups.

#USA #PerpetualWar #antiwar #propeace #peace #pacifist #pacifism #HumanRights #humanitarian