By 108morris108: Corporate campaign contributions dictate the elections. Wars are a product of the Neo Con philosophy - with a declaration of the end of history which
means there is only the United States system, it therefore has the
right and the responsibility to impose its hegemony over the world. The wars started in the Middle East to please Israel. Source
Telling the truth has become a revolutionary act, so let us salute those who disclose the necessary facts.
6 Oct 2012
Pauperization of America - Wolf Richter with Max Keiser
'Jewish democracy an oxymoron' - Former Knesset speaker Avraham Burg
Paula Slier interviews former Knesset speaker Avraham Burg on Israel's future. Source
Mr. Gold vs Chump 'Economists' - Max Keeiser with William K. Black
Regime Uncertainty and the Fallacy of Aggregate Demand
By James E. Miller: In a recent New York Times column, economist Paul Krugman once again took to chastising a claim he has infamously dubbed
the “confidence fairy.” According to the Nobel laureate, the
“confidence fairy” is the erroneous belief that ambiguity over future
government regulation and taxation plays a significant role in how
investors choose to put capital to work. To Krugman, the anemic
economic recovery in the United States shouldn’t be blamed on this
“uncertainty” but rather
a “lack of demand for the things workers produce.” Being the most
prominent mouthpiece for Keynesian economic policy in modern times, the
Princeton professor represents the school’s circular thinking very
well. Keynes and his followers saw most economic slumps as being the
result of insufficient spending. A slowdown in spending means the
animal spirits aren’t so aggressive in their lust for immediate
consumables.
As a thinker, Keynes viewed a preference for saving over spending as ignorant and asinine. In his essay “Economic Possibilities for our Grand Children,” he belittled the “purposiveness” of misers who are forever looking toward the future instead of relishing in the present. The man who behaves with a purpose is “always trying to secure a spurious and delusive immortality” while depriving those around him of his wealth. This is the heart of Keynesianism. Saving is seen as a necessary evil while instant gratification is looked down upon as morally repugnant. Keynes was a hater of bourgeoisie prudence throughout his professional career. It is likely that this antagonism played a role in the development of his theories on economics.
As a thinker, Keynes viewed a preference for saving over spending as ignorant and asinine. In his essay “Economic Possibilities for our Grand Children,” he belittled the “purposiveness” of misers who are forever looking toward the future instead of relishing in the present. The man who behaves with a purpose is “always trying to secure a spurious and delusive immortality” while depriving those around him of his wealth. This is the heart of Keynesianism. Saving is seen as a necessary evil while instant gratification is looked down upon as morally repugnant. Keynes was a hater of bourgeoisie prudence throughout his professional career. It is likely that this antagonism played a role in the development of his theories on economics.
Madrid Spain On The Brink - Democracy Hijacked By Bankers
Despite the slanderous propaganda you may have heard from corporate media outlets this mini-documentary tells lets you here directly from the mouths of the protestors why they are on the streets.
Greek crisis is 'like the Weimar Republic’
Greece is plunging into an economic and social crisis as desperate as Germany under the Weimar Republic, the Greek prime minister, Antonis Samaras, has warned in an emotional appeal for leniency.
By
Louise Armitstead: Mr Samaras told Germany’s Handelsblatt newspaper that the Greek
government was “at the limits of what we can ask of our people”. He added:
“The cuts we have already made have cut to the bone.”
Athens desperately needs the next €31.5bn (£25.4bn) tranche of its bail-out
agreement which has been delayed for months while the government pushes
through more austerity measures demanded by the terms of the bail-out. Mr
Samaras said Greece had just enough money to last until “the end of
November. Then the coffers are empty”.
“I cannot and I will not deny it: Greek democracy is facing perhaps its
biggest ever challenge,” said Mr Samaras. “People are at the point where
they are saying 'we are prepared to make sacrifices but we want to see light
at the end of the tunnel’. Otherwise everything is in vain.”
Referring to the harsh reparations and rampant inflation that brought Adolf
Hitler to power – and which form the root of Germany’s instinctive
opposition to debt pooling in the eurozone – Mr Samaras said: “It’s about
the cohesion of our society, which is being threatened by rising
unemployment, like at the end of the Weimar Republic in Germany.”
He repeated that Greece wanted more time, not more money. “What we need is
more time for budgetary consolidation, but not necessarily more aid,” he
said.