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Does China Have a Huge Problem Despite Impressive Economic Development?
The G7 has recently wound up its meeting in Hiroshima, and the participants joined to affirm their fear of the Threat of China. British media reported that prime minister Rishi Sunak said: “China poses the biggest challenge to global security and prosperity of our age with the ‘means and intent to reshape the world order’.” The […]
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The True Meaning of Debt
In debating the validity of raising the debt limit, the United States Congress has not carefully analyzed the reasons for government debt and the meaning of all debt. The true meaning of debt has the modern capitalist system as a debt-driven system. All new money supply is debt and the money supply is the energy […]
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Farruggio for President 2024
Since my governor, Fascism Forever Captain Ron as I call him, just announced for President, allow me to jump into the fray. Of course, I have not much of a chance as anyone else who stands apart from the Two Party/One Party scam to get the support needed without raising and spending a fortune. Issues! […]
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The Group of Seven Should Finally Be Shut Down
Leon Golub (USA), Vietnam II, 1973. During the May 2023 Group of Seven (G7) summit, the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States visited the Hiroshima Peace Memorial Museum, near where the meeting was held. Not doing so would have been an act of immense discourtesy. Despite many […]
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Steering the Titanic into the Iceberg
Patty Chayefsky’s film Network, an acid-laced spoof of capitalist media, reaches its climax when Chairman Arthur Jensen, leader of the fictional mega-corporation CAA, thunders his disapproval to the crazed but wildly popular anchorman, Howard Beale. Encouraging his viewers to protest CAA’s unpatriotic merger deal with Saudi Arabian capitalists, Jensen accuses Beal of having “meddled with […]
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Rogue Consultants: PwC, Tax Evasion, and Getting Clients
Things are not looking up at PricewaterhouseCoopers (PwC), a global professional services firm piratically free in sharing confidential tax information gathered from government clients. Then again, the firm’s expertise is not so much to look up to a principled heaven as down to a tax-proof Hades, buried in the scrambling minutiae of accounting and deception. […]
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Squeezed by the Shorts: Time to Ban Short Selling?
Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this year. Short sellers “borrow” stock they don’t own and immediately sell it, driving the price down. Then they buy it back at the lower price, return the stock, and pocket the difference. […]
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Toxic Contagion: Funds, Food and Pharma
In 2014, the organisation GRAIN revealed that small farms produce most of the world’s food in its report “Hungry for land: small farmers feed the world with less than a quarter of all farmland.” The report “Small-scale Farmers and Peasants Still Feed the World” (ETC Group, 2022) confirmed this. Small farmers produce up to 80% […]
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Tossing Neoliberalism into the Dumpster
It’s official, according to a speech by National Security Advisor Jake Sullivan, the United States is jumping off the neoliberal globalization bandwagon (a root cause of domestic extremism) and it couldn’t come soon enough as institutions of government are sucking up more and more angry exhaust fumes from constituents, as well as encountering a world […]
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Imperial Protectionism: US Foreign Policy for the Middle Class
What does a “foreign policy for the middle class” of the United States entail? President Joe Biden’s national security adviser is rather vague about this. But in a speech in April at the Brookings Institution, Jake Sullivan enunciated a few points that do much to pull the carpet from under the “rules-based international order”, unmasking […]
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