Morbid Inequality: Now Just SIX Men Have as Much Wealth as Half the World’s Population
By Paul Buchheit
Posted April 21, 2017
While the United States is ranked 37th in the world in education spending, the 14 richest Americans earned enough money from their investments in 2015 to hire two million preschool teachers.
Yes, inequality is getting worse every year. In early 2016, Oxfam reported that just 62 individuals held the same wealth as the bottom half of humanity. About a year later Oxfam reported that just 8 men had the same wealth as the world’s bottom half. Now, based on the same methodology and data sources used by Oxfam, that number is down to 6. More…
A Bank Even a Socialist Could Love
By David Dayen
Posted April 21, 2017
Wall Street banks have used shady financial instruments to extract billions from unsuspecting localities, helping devastate places like Jefferson County, Ala. Making the wrong bet with debt, like the Kentucky county that built a jail but couldn’t fill it with prisoners, can cripple communities.
Even under the best conditions, municipal bonds—an enormous, $3.8 trillion market—can cost taxpayers. According to Ellen Brown, the intellectual godmother of the public banking movement, debt-based financing often accounts for around half the total cost of an infrastructure project. For example, the eastern span of the San Francisco-Oakland Bay Bridge cost $6.3 billion to build, but paying off the bonds will bring the price tag closer to $13 billion, according to a 2014 report from the California legislature.
Public banks reduce costs in two ways. First, they can offer lower interest rates and fees because they’re not for-profit businesses trying to maximize returns. Second, because the banks are publicly owned, any profit flows back to the city or state, virtually eliminating financing costs and providing governments with extra revenue at no cost to taxpayers. More…
We Are the Parasite
By James Hunter
Posted April 20, 2017
The human race has become a parasite that is killing its host. The host is Gaia. This is the central political fact of our times.
Two important political ramifications derive from the above fact. First, it is pointless to take the superficial struggles between Democrats and Republicans seriously. Both parties are dominated by the parasitic mentality. The capitalist dogma, and specifically the neoliberal consensus, which is not seriously questioned by either party, is parasitic to the core.
Trump, for all his many and very real faults, promised that he would seek a rapprochement with Russia, and a de-escalation of the cold war. His recent attack on Syria, which brings us much closer to nuclear war with Russia, proves that this was just idle talk. The shadow government owns him now, as it owned Hillary from the beginning. All the major players within the two major parties will be brought under the control of the shadow government, or be destroyed. It is imperative that a power base outside either party be established. More…
The Problem is Washington, Not North Korea
by Mike Whitney
Posted April 20, 2017
Let’s be honest, the only reason Kim Jong Un hasn’t joined Saddam and Gadhafi in the great hereafter, is because (a)– The North does not sit on an ocean of oil, and (b)– The North has the capacity to reduce Seoul, Okinawa and Tokyo into smoldering debris-fields. Absent Kim’s WMDs, Pyongyang would have faced a preemptive attack long ago and Kim would have faced a fate similar to Gadhafi’s. Nuclear weapons are the only known antidote to US adventurism.
The American people –whose grasp of history does not extend beyond the events of 9-11 — have no idea of the way the US fights its wars or the horrific carnage and destruction it unleashed on the North. Here’s a short refresher that helps clarify why the North is still wary of the US more than 60 years after the armistice was signed. More…
This is the Beginning of the End for U.S. Empire
by Michael Krieger
Posted April 19, 2017
We need to understand that those who want this war will be absolutely relentless. The sales pitch will not end until they get exactly what they want. This is where all of us critical thinkers need to play a key role. We must be prepared to diligently analyze all unsubstantiated official claims, and push back against the war-mongers, because we know for certain the oligarch-owned corporate media won’t.
We must be prepared to inform our fellow citizens about what’s happening so that we don’t fall victim to a cheap sales pitch with devastating consequences. Unfortunately, we must also be prepared for a possible deep state false flag if the current sales tactic falls on deaf ears.
America cannot win a global war of such a scale if it is based on false pretenses and in the absence of exceedingly strong public support. This support does not exist. Will this serve as a necessary restraint against the masters of war and their devious plans? More…
Is Your “Democracy” Actually a Totalitarian State? Take this Quick Quiz
by Charles Hugh Smith
Posted April 18, 2017
Is your “democracy” (or republic) actually a Totalitarian State? That is, is it a “democracy” or “republic” in name only? To find out, take this quick quiz.
Does your government (federal, state and local) seize citizens’ assets without due process?
Is your government essentially “for sale” to wealthy elites?
Does your government spy on its entire citizenry?
Let’s be very clear about what happens here in America on a daily basis: More…
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