TINA’s Legacy: Free Money, Bread and Circuses and Collapse

Every conventional “solution” to the systemic ills of our economy and society boils down to some version of free money: Universal Basic Income (UBI) schemes– free money for everyone, funded by borrowing from future taxpayers (robots, people, Martians, any fantasy will do); debt jubilees funded by central banks creating trillions out of thin air, a.k.a. free money, and so on.

Free money is compelling because, well, it’s free, and it solves all the problems created by burdensome debt and declining incomes for the bottom 95%. Just give every household $100,000 of free money that must be devoted to reducing interest, then give every household $20,000 annually for being among the living, and hey, a lot of problems go away.

But is creating money out of thin air really truly free? There are two appealing answers: yes and yes. If the Treasury literally prints money, it’s almost “free,” and if the Federal Reserve creates money and buys bonds paying near-zero yields, the money that is borrowed into existence is almost free because the interest due is so minimal.

The problem, of course, is that creating free money is not quite the same as creating new wealth. New wealth is a new gas/oil field that comes online, new cropland that produces a new source of food, new goods and services, etc.
⇒ Keep Reading

13 Comments

Talk Nation Radio: Francis Boyle on How to Impeach Trump

https://soundcloud.com/davidcnswanson/talk-nation-radio-francis-boyle-on-how-to-impeach-trump

Francis Boyle is a professor of international law at the University of Illinois College of Law. Professor Boyle has served as counsel to Bosnia and Herzegovina and to the Provisional Government of the Palestinian Authority. He has represented the Blackfoot Nation, the Nation of Hawaii, and the Lakota Nation. He drafted the U.S. domestic implementing legislation for the Biological Weapons Convention, known as the Biological Weapons Anti-Terrorism Act of 1989. And he has been a strong advocate over the years for the proper use of the power of impeachment.

Total run time: 29:00

Host: David Swanson.

Producer: David Swanson.

Music by Duke Ellington.

Find this show on Youtube.

Download from LetsTryDemocracy or Archive.

Pacifica stations can also download from Audioport.

Syndicated by Pacifica Network.

Please encourage your local radio stations to carry this program every week!

Please embed the SoundCloud audio on your own website!

Past Talk Nation Radio shows are all available free and complete at http://TalkNationRadio.org and at https://soundcloud.com/davidcnswanson/tracks

Leave a comment

Trump repeats Iran and Syria lies for “regime change” in speeches to Saud Family (who claim to own so-called ‘Saudi’ Arabia) and Israel. This is ‘leadership’ until .01% arrests for OBVIOUS illegal Wars of Aggression of rogue state empire

Choices, choices for the American people:

  1. Accept dicts of lying .01% “leaders” for OBVIOUS illegal Wars of Aggression and Crimes Against Humanity that annually kill millions, harm billions, and loot trillions.
  2. Demand .01% arrests for these obvious crimes.

President Trump addressed the Saud family and associated vassal states on Sunday in a literal fire and brimstone speech that repeated criminal threats on Iran and Syria:

It (Iran) is a government that speaks openly of mass murder, vowing the destruction of Israel, death to America, and ruin for many leaders and nations in this room.

Among Iran’s most tragic and destabilizing interventions have been in Syria. Bolstered by Iran, Assad has committed unspeakable crimes, and the United States has taken firm action in response to the use of banned chemical weapons by the Assad Regime—launching 59 tomahawk missiles at the Syrian air base from where that murderous attack originated.

Those nuclear punchlines, thick in irony and psychological projection:

On Monday, Trump held a press conference with Prime Minister Netanyahu of Israel, who summarized the “chosen” position:

I believe that together we can roll back Iran’s march of aggression and terror in this region, and we can thwart Iran’s unbridled ambition to become a nuclear weapon state.

Trump affirmed: “…facing the threat of an Iranian regime that is threatening the region and causing so much violence and suffering.”
⇒ Keep Reading

8 Comments

Environmentalists Are Ignoring the Elephant In the Room: U.S. Military Is the World’s Largest Polluter

The Military Pumps Out Staggering Quantities of Toxic Waste, Water and Air Pollution and Radiation

Environmentalists are ignoring the elephant in the room … the world’s largest polluter.

Newsweek reported in 2014:

The US Department of Defence is one of the world’s worst polluters. Its footprint dwarfs that of any corporation: 4,127 installations spread across 19 million acres of American soil. Maureen Sullivan, who heads the Pentagon’s environmental programmes, says her office contends with 39,000 contaminated sites.

Camp Lejeune is one of the Department’s 141 Superfund sites, which qualify for special clean up grants from the federal government. That’s about 10% of all of America’s Superfund sites, easily more than any other polluter. If the definition is broadened beyond Pentagon installations, about 900 of the 1200 or so Superfund sites in America are abandoned military facilities or sites that otherwise support military needs.

Almost every military site in this country is seriously contaminated,” said John D Dingell, a soon-to-retire Michigan congressman, who served in the Second World War.

The U.S. military is the third-largest polluter of U.S. waterways.

The Washington Post noted Monday:

The U.S. military is the single largest consumer of fuel in the world.

We use a highly-polluting form of nuclear power so the U.S. military can make bombs.  U.S. military considerations also drive nuclear policy in Japan (that didn’t turn out very well) and other countries.
⇒ Keep Reading

7 Comments

The Gaping Holes of Russia-gate

By Bill Binney and Ray McGovern.

Binney is the NSA executive who created the agency’s mass surveillance program for digital information, who served as the senior technical director within the agency, who managed six thousand NSA employees, the 36-year NSA veteran widely regarded as a “legend” within the agency and the NSA’s best-ever analyst and code-breaker, who mapped out the Soviet command-and-control structure before anyone else knew how, and so predicted Soviet invasions before they happened (“in the 1970s, he decrypted the Soviet Union’s command system, which provided the US and its allies with real-time surveillance of all Soviet troop movements and Russian atomic weapons”).

McGovern is a 27-year CIA veteran, who chaired National Intelligence Estimates and personally delivered intelligence briefings to Presidents Ronald Reagan and George H.W. Bush, their Vice Presidents, Secretaries of State, the Joint Chiefs of Staff, and many other senior government officials.

Originally published by Consortium News.

Official Washington got to relive the excitement of Watergate in a “gotcha” moment after President Trump fired FBI Director James Comey. There were fond recollections of how righteous the major newspapers felt when condemning President Nixon over his “Saturday Night Massacre” firing of special prosecutor Archibald Cox.

But the overriding question from “this Russia thing, with Trump and Russia” — as President Trump calls it — is whether there is any there there. The President labeled it a “made-up story” and, by all appearances from what is known at this time, he is mostly correct.
⇒ Keep Reading

4 Comments

Not Remembering the USS Liberty

Preface from Washington’s Blog: Here’s background to the USS Liberty incident.

By Ray McGovern, a 27-year CIA veteran, who chaired National Intelligence Estimates and personally delivered intelligence briefings to Presidents Ronald Reagan and George H.W. Bush, their Vice Presidents, Secretaries of State, the Joint Chiefs of Staff, and many other senior government officials. McGovern is co-founder of Sam Adams Associates for Integrity in Intelligence and Veteran Intelligence Professionals for Sanity. Originally published at Consortium News.

It is safe to assume that when President Donald Trump lands in Israel Monday, he will not have been briefed on the irrefutable evidence that, nearly 50 years ago – on June 8, 1967 – Israel deliberately attacked the USS Liberty in international waters, killing 34 U.S. sailors and wounding more than 170 other crew. All of Trump’s predecessors – Lyndon Johnson, Richard Nixon, Gerald Ford, Jimmy Carter, Ronald Reagan, George H.W. Bush, Bill Clinton, George W. Bush and Barack Obama – have refused to address the ugly reality and/or covered up the attack on the Liberty.

It is not too late for someone to fill Trump in on this shameful episode, on the chance he may wish to show more courage than former presidents and warn the Israelis that this kind of thing will not be tolerated while he is president.
⇒ Keep Reading

3 Comments

Trump Should Be Up in Arms & Twisting Arms Not Selling Arms to Saudis

By Kristen Breitweiser, one of the four 9/11 widows – known as the “Jersey Girls” – instrumental in forcing the government to form the 9/11 Commission to investigate the 2001 attacks. Follow Kristen Breitweiser on Twitter: .

President Trump has cut a $110 billion arms deal with the Saudis. As someone who is trying to hold the Kingdom of Saudi Arabia accountable for the mass murder of 3,000 on 9/11 (of which my husband Ron was an innocent victim), I’d think President Trump would be up in arms with the Saudis, not selling arms to them—especially given the information set forth below.

Everybody knows the explicit evidence found from 2009 that Saudi Arabia was, “a critical financial support base for al Qaeda, the Taliban, LeT and other terrorist groups.”

Just like everybody knows the more recent and far more damning 2016 revelation that Saudi Arabia continues to provide “clandestine financial and logistical support to ISIL and other radical Sunni groups“ in the Middle East.

And, anyone who cares about women’s rights and human rights should also know about the latest human rights report produced by Rex Tillerson’s own State Department that details, “Saudi Arabia’s restrictions on universal rights, such as freedom of expression, including on the internet, and the freedoms of assembly, association, movement and religion, as well as the country’s pervasive gender discrimination.”
⇒ Keep Reading

7 Comments