The truth at any cost lowers all other costs — curated by former US spy Robert David Steele.
SR has been covering the rise of Oklahoma earthquakes since they first began, and it has been fascinating in a macabre kind of way to watch the people of Oklahoma vote again and again for politicians who support Fracking, even as their homes are falling down as a result of Fracking.
Thomas Piketty: “Germany has never repaid.”
In a forceful interview with German newspaper Die Zeit, the star economist Thomas Piketty calls for a major conference on debt. Germany, in particular, should not withhold help from Greece.
Silvio Gesell was a century ahead of the times… and now we are finding he wasn't wrong after all.
‘Neglected Prophet' of Economics Got It Right
EXTRACT
Cash would still be used as a medium of exchange, but it would lose its significance as a store of value. In a way, that's what central banks are trying to achieve when they keep lowering interest rates, sometimes breaching what is called the “zero bound.” They want money to get out and work rather than languish in bank accounts, with the idea that spending will increase demand and thus inflation rather than deflation.
As this report spells out, “By 2030, Asia-Pacific countries will comprise nearly two-thirds of the global middle class, dwarfing the projected one-fifth for Europe and North America combined.” Along with climate change this is one of the great geopolitical meta-trends that will define the 21st century. In the U.S., one has to also add The Emerging White Minority Trend. And yet you will find barely a mention of this anywhere in corporate media. Why is that do you think? Austerity economics and deregulation have virtually destroyed the American middle class, certainly made it a shadow of its former self. In those European countries which embraced Austerity Economics a similar process has been going on. At the same time India, China, the Asia-Pacific nations, are creating a middle class that will dwarf its White counterpart. Power will shift. Our intransigence concerning climate change, means leadership will go elsewhere, and will increase the speed of this transfer. We are going into a different world. And because profit is our only cultural priority, we are doing it rather badly.
The problem is not Greece, the problem is in how the EU set up its finance and banking system. And yes, unless we get a serious reform going, the EU is likely to see economic collapse.
The U.S. And EU Will Collapse Regardless Of Economic ‘Contagion’
EXTRACT
Never forget this: The EU is in trouble not because of Greece, but because of forced supranational interdependency. The EU by all rights should not exist, nor should any centralized supranational single currency system.
The referendum is the opportunity for Greeks to reject EU-IMF-German bullying. Greeks must stand firm against EU-IMF-German bullying, and the rest of Europe must stand with them. . . . . . EU, is a Big Business lobby group, nothing more. Common standards, open borders, free trade, common currency, trans-European highways, are all there to benefit Big Business.
Technology Takes It on the Nose
I put this passage in my quote file:
But technology is not neutral – and neither is code nor numbers. There are human, subjective judgments lurking behind the apparent objectivity offered by algorithms and the “user-friendly” operating systems. These technologies perform almost magically, while at the same time enabling all sorts of organizations to easily collect information about us, something that makes it that bit easier to usher in new forms of surveillance and control.
Continue reading “Stephen E. Arnold: Technology Can Be Toxic”
