Imperial Subjects,
Professor Michael Hudson (Financial Architect of the Petrobuck Empire)
Trump’s Brilliant Strategy to Dismember U.S. Dollar HegemonyThe end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its sponsorship and funding of violent regime change wars against Venezuela and Syria – and threatening other countries with sanctions if they do not join this crusade – is now driving European and other nations to create their alternative financial institutions.
This break has been building for quite some time, and was bound to occur. But who would have thought that Donald Trump would become the catalytic agent? No left-wing party, no socialist, anarchist or foreign nationalist leader anywhere in the world could have achieved what he is doing to break up the American Empire. The Deep State is reacting with shock at how this right-wing real estate grifter has been able to drive other countries to defend themselves by dismantling the U.S.-centered world order. To rub it in, he is using Bush and Reagan-era Neocon arsonists, John Bolton and now Elliott Abrams, to fan the flames in Venezuela. It is almost like a black political comedy. The world of international diplomacy is being turned inside-out. A world where there is no longer even a pretense that we might adhere to international norms, let alone laws or treaties...
Trump’s Brilliant Strategy to Dismember U.S. Dollar HegemonyThe end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its sponsorship and funding of violent regime change wars against Venezuela and Syria – and threatening other countries with sanctions if they do not join this crusade – is now driving European and other nations to create their alternative financial institutions.
This break has been building for quite some time, and was bound to occur. But who would have thought that Donald Trump would become the catalytic agent? No left-wing party, no socialist, anarchist or foreign nationalist leader anywhere in the world could have achieved what he is doing to break up the American Empire. The Deep State is reacting with shock at how this right-wing real estate grifter has been able to drive other countries to defend themselves by dismantling the U.S.-centered world order. To rub it in, he is using Bush and Reagan-era Neocon arsonists, John Bolton and now Elliott Abrams, to fan the flames in Venezuela. It is almost like a black political comedy. The world of international diplomacy is being turned inside-out. A world where there is no longer even a pretense that we might adhere to international norms, let alone laws or treaties...
Calling the U.S. coup being sponsored in Venezuela a defense of democracy reveals the Doublethink underlying U.S. foreign policy. It defines “democracy” to mean supporting U.S. foreign policy, pursuing neoliberal privatization of public infrastructure, dismantling government regulation and following the direction of U.S.-dominated global institutions, from the IMF and World Bank to NATO...
Other countries are proceeding to de-dollarize and replace what U.S. diplomacy calls “internationalism” (meaning U.S. nationalism imposed on the rest of the world) with their own national self-interest.
This trajectory could be seen 50 years ago (I described it in Super Imperialism [1972] and Global Fracture [1978].) It had to happen. But nobody thought that the end would come in quite the way that it is happening. History has turned into comedy, or at least irony as its dialectical path unfolds...
On January 31 the dam broke with the announcement that Europe had created its own bypass payments system for use with Iran and other countries targeted by U.S. diplomats. Germany, France and even the U.S. poodle Britain joined to create INSTEX — Instrument in Support of Trade Exchanges. The promise is that this will be used only for “humanitarian” aid to save Iran from a U.S.-sponsored Venezuela-type devastation. But in view of increasingly passionate U.S. opposition to the Nord Stream pipeline to carry Russian gas, this alternative bank clearing system will be ready and able to become operative if the United States tries to direct a sanctions attack on Europe...
The U.S. overplaying its position is leading to the Mackinder-Kissinger-Brzezinski Eurasian nightmare that I mentioned above. In addition to driving Russia and China together, U.S. diplomacy is adding Europe to the heartland, independent of U.S. ability to bully into the state of dependency toward which American diplomacy has aimed to achieve since 1945...
The World Bank, for instance, traditionally has been headed by a U.S. Secretary of Defense. Its steady policy since its inception is to provide loans for countries to devote their land to export crops instead of giving priority to feeding themselves. That is why its loans are only in foreign currency, not in the domestic currency needed to provide price supports and agricultural extension services such as have made U.S. agriculture so productive. By following U.S. advice, countries have left themselves open to food blackmail – sanctions against providing them with grain and other food, in case they step out of line with U.S. diplomatic demands...
It is as if the IMF now operates out of a small room in the basement of the Pentagon in Washington. Europe has taken notice that its own international monetary trade and financial linkages are in danger of attracting U.S. anger. This became clear last autumn at the funeral for George H. W. Bush, when the EU’s diplomat found himself downgraded to the end of the list to be called to his seat. He was told that the U.S. no longer considers the EU an entity in good standing...
The end of our monetary imperialism, about which I first wrote in 1972 in Super Imperialism, stuns even an informed observer like me. It took a colossal level of arrogance, short-sightedness and lawlessness to hasten its decline — something that only crazed Neocons like John Bolton, Elliot Abrams and Mike Pompeo could deliver for Donald Trump.
Central Bank Gold Buying hits highest level in 50 years! (Don't worry. It's mostly just Russia. Whew!)
https://www.cnbc.com/2019/01/31/world-gold-council-central-banks-buy-most-gold-since-1967-.html
Who buys and holds American Federal Debt?
Whaddaya mean "other investors" and mutual funds? Let's see those numbers!
https://econimica.blogspot.com/2019/02/treasury-bulletinnobody-buys-us.html
The 0.01% elite view of Elizabeth Warren and Bernie Sanders, both of whom promote partial devolution of money and power from the super rich to working people, through somewhat different models, is presented here. (Guess what?)
https://www.huffingtonpost.
Save us from tinfoil hat conspiracy theories and foreign influence. Please!
Social media giants Facebook and Twitter announced Thursday that between them, they had taken down thousands of accounts they claimed were connected to “attempted influence campaigns” by Iran, Venezuela and Russia.
The Slog has a street level view of the crumbling fabric of the global financial empire, from France and England.
Banker-Vichy France is turning 80,000 heavily armed police against French citizens with rubber bullets aimed at face level and TNT grenades with hard rubber fragments blowing off hands and even causing death. Turning the police force against the people to maintain power is a late stage maneuver for a failing regime. (Powerful article, images and interviews.)
A 30-year-old volunteer fireman who joined the Gilets Jaunes protests in Bordeaux, France on the 12th January 2019, is in a coma after being shot in the back of the head by an LBD or “flashball” bullet fired by French security forces who are brutally suppressing public demonstrations in most major French cities. Olivier Beziade is a father of three who now has a “very serious brain injury” and is in an induced coma. As violence radiates across France, western media locks down and fails to report comprehensively or fairly on police infractions against protestors.The following is the video of this event, during which one of the police officers appears to say “they (protestors) don’t know it’s us” and instructs his colleagues to “pick up the casings” after Beziade had been gunned down and was lying face down on the street...
The fundamental message of the GJs is that they simply can’t make ends meet. The cost of living keeps going up and salaries keep being squeezed. The Government needs to listen to its people and to change course. Most europeans reading this will feel empathy with this expression of desperation. There has been a cover-up in France by the government and the media. These calls for help have been muted, filtered and ignored by the state-aligned media and government officials for some time now...
Dufresnes has recorded 157 injuries to the head including 18 who have lost an eye, fractures of the jaw and comas in the most severe cases. 11 hand injuries, in 4 cases resulting in the loss of a hand. 8 back injuries, 28 injuries to the upper body, 40 lower limb injuries, 3 injuries to the genital area, 48 unspecified injuries and 55 cases of intimidation, insults, repression of press freedom infractions. One eighty-year-old was murdered on the 1st December 2018 in Marseilles – Zineb Redouane was killed when a tear gas grenade was thrown in her face by the security forces. According to Dufresnes this is the list of the more serious injuries, an estimated 2000 – 3000 more GJs have been “lightly” injured during the protests since November 2018...
Macron’s coterie in government are pushing for a confrontation between the people and the security forces and introducing increasingly repressive measures to up the pressure on the protestors rather than trying to defuse matters, it is really ten minutes before midnight in France. The insanity of Macron supporting the “uprising” in Venezuela while sanctioning vicious reprisals against his own people at home is glaringly obvious to all but Macron and his backers. That is because Macron is doing his job and his job is to manufacture the conditions in which the privileged, wealthy ruling elite can thrive and further their globalist ambitions which includes military adventurism and resource theft from target nations that include Venezuela and Syria.
Violence will escalate in France because it is state-sanctioned.
There have been 1,900 protesters and around 1,000 police injured since the movement began in November, and 10 fatalities, including an 80-year-old Marseille woman who was killed when a police tear-gas canister was launched into her apartment window while she was trying to close the shutters...
On Friday, France's top administrative court ruled that police could continue to use rubber bullets blamed for dozens of injuries during the protests.
US: There is at present an undeclared and non-violent civil war being waged in this country. The underlying factor of any civil war is an elite ruling class desperate to maintain power at odds with a majority of a population seeking change. Also prevalent in most civil upheavals is the unleashing, by those determined to retain power, of the radicalized and ultimately uncontrollable dogs of war who more often than not devour their sponsors. Both elements are currently in play.
While the ruling class publicly obsesses over Donald Trump and denigrates the vast majority of the population, they have planted the seeds, by their actions, for a takeover of the country by a radical element that will turn on them as they are presently doing within the Democratic Party.
The American people must understand that the current ruling class will not willingly exit the stage or take on their mercenary army.
While the ruling class publicly obsesses over Donald Trump and denigrates the vast majority of the population, they have planted the seeds, by their actions, for a takeover of the country by a radical element that will turn on them as they are presently doing within the Democratic Party.
The American people must understand that the current ruling class will not willingly exit the stage or take on their mercenary army.
"Powerful opposition from vested interests, lack of political leadership, and insufficient societal demand for change are preventing action," they said in a statement.
Nearly 1 billion people are hungry and another 2 billion are eating too much of the wrong foods, causing epidemics of obesity, heart disease and diabetes.
Unhealthy diets account for up to 11 million premature deaths every year, according to the most recent Global Disease Burden report.
"Malnutrition in all its forms - including undernutrition and obesity - is by far the biggest cause of ill-health and premature deathy globally," said Commission co-chair Boyd Swinburn, a professor at the University of Aukland...
Nearly 1 billion people are hungry and another 2 billion are eating too much of the wrong foods, causing epidemics of obesity, heart disease and diabetes.
Unhealthy diets account for up to 11 million premature deaths every year, according to the most recent Global Disease Burden report.
"Malnutrition in all its forms - including undernutrition and obesity - is by far the biggest cause of ill-health and premature deathy globally," said Commission co-chair Boyd Swinburn, a professor at the University of Aukland...
"Joining three pandemics" - hunger, obesity, climate - "together as 'The Global Syndemic' allows us to consider common drivers and shared solutions."...
"Tackling 'The Global Syndemic' requires an urgent rethink of how we eat, live, consume and move," said Richard Horton, editor-in-chief of The Lancet.
Moon of Alabama:
It might be relatively easy to invade Venezuela and to defeat its regular military. But the following occupation would be a very difficult endeavor. The Pentagon has seen how this worked out in Iraq. It will likely warn against the use of any U.S. troops in Venezuela. Other countries will likewise be careful not to get into such a mess.The CIA and the coup plotters can hire thousands of throat cutting thugs to do some extreme damage to Venezuela. But they have little chance to win more than a completely destroyed country.
Might that be the real aim? Is the project for the New Middle East Latin America one of complete destruction?
Colonisation of the Americas at the end of the 15th Century killed so many people, it disturbed Earth's climate.
That's the conclusion of scientists from University College London, UK.
The team says the disruption that followed European settlement led to a huge swathe of abandoned agricultural land being reclaimed by fast-growing trees and other vegetation.
This pulled down enough carbon dioxide (CO₂) from the atmosphere to eventually chill the planet.
It's a cooling period often referred to in the history books as the "Little Ice Age" - a time when winters in Europe would see the Thames in London regularly freeze over.
"The Great Dying of the Indigenous Peoples of the Americas led to the abandonment of enough cleared land that the resulting terrestrial carbon uptake had a detectable impact on both atmospheric CO₂ and global surface air temperatures," Alexander Koch and colleagues write in their paper published in Quaternary Science Reviews.
Collateral Damage
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