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Re: Modern Monetary Theory [message #97804 is a reply to message #97799]

Thu, 27 June 2024 17:41

Rusty
Messages: 1146
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

COMAC. Just one of China's industries in the process of surpassing American and European aircraft engineering and manufacture. Things are surging exponentially with our claimed competition with the Peoples Republic of China. Surging all with the Chinese. One look at current news with Boeing shows a company, once a world leader in designing and manufacturing quality reliable aircraft. To a company reeking in internal controversy of management and it's effect on the product that reflects bad management.

A company with a culture of neoliberal corporate entitlement that now is facing the chickens coming home to roost. Which is what our country is facing more and more internationally. Thanks to China. Our legislators in the pockets of our Oligarchy have acquiesced the ideology of the free market as the arbiter of a way to run our economy and influence our government. Make it small and dependent on corporate and wealthy finance. Let corporations grow into monopolies and corner the market. Repeal and reduce regulation so that a company like Boeing can fulfill its own quality control. Allowing a couple of their early 737 Max planes to plow into the ground killing multiple hundreds of lives. And allow shallow uncritical media to fill peoples heads with corporatized news that puts the old Orwellian spin on the way things are said to be.

Mr. Walmsley describes the details.
https://www.youtube.com/watch?v=3lxCrdzVEHk

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Re: Modern Monetary Theory [message #97819 is a reply to message #97804]

Tue, 02 July 2024 11:15

Rusty
Messages: 1146
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

Huawei'st our time with the pretense of trade barriers, military aggression to even remotely feign being able to compete economically with China. The Chinese are moving ahead at warp speed to our ability to stay in the running. The 5G infrastructure network we've been working on for years, the Chinese have implemented many times faster than we can do. So we do our infantile best to try and "contain" them. That word has been used for years to describe what our foreign diplomacy and military aggression and economic sanctioning does to show the world what spoiled sports our nation has become.

Our political subservience to the wealthy tier and our economic philosophy have conspired to cripple productivity to the financial quagmire we're stuck within. Fifty years of determined regressive economic policy and political assimilation to the 'Borg' financiers.

China. In that same time period has extricated itself out of grinding poverty. One of if not, the, poorest country on the planet. To todays 21st century powerhouse. Really astonishing. The American empire, and the G7 is deflating.

Mr. Walmsley again, points out the hypocrisy.
https://www.youtube.com/watch?v=j5YEcu3VHc0

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Re: Modern Monetary Theory [message #97843 is a reply to message #97819]

Sun, 07 July 2024 15:38

Rusty
Messages: 1146
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

The middle of the road. East, west, north, south. Republican, democrat. Tori, labor parties. The two yellow lines of demarcation that seemingly extend either way much deeper than ever for the legislative process. It's the unification of Neoliberalism for both sides. Working from the principles ordained by strategic thought that has shaped our western political landscape.
One party puts their stamp on it till the public sentiment sours and flips to the other side. But either way the rules of the game stay the same.
Meanwhile, thanks to China and the BRICS, things seem to show neither way this system of ours pretends to be is still the same thing on either side. China is winning. While we stew about it as sore losers.

https://michael-hudson.com/2024/07/the-need-for-a-new-political-vocabulary/

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Re: Modern Monetary Theory [message #97873 is a reply to message #97843]

Mon, 15 July 2024 13:38

Rusty
Messages: 1146
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

Excessive tariffs, sanctioning, diplomatic bullying and scheming are all part of the U.S's foreign relations playbook. Has been for decades.
The old adage, "You get more bee's with honey than vinegar" speaks of the foolishness of motivation through forced cohesion, it never produces the outcomes that cooperation and respect does.
But our foreign policy is based on our feeble notion that we alone are the worlds exceptional and indispensable nation. It has done nothing but make us look foolish and arrogant and poorer as a result.

We've made it recently a directive to try and squash China's semiconductor capabilities through excessive tariffs and blacklisting sales to and from them. We've thrown billions at our own semiconductor sector to try and keep them uncompetitive.
It has done nothing to do so. China has developed independently their own R&D and coupled with their superior supply chain system and workforce and intellectual talent through education of engineering graduates. Are surpassing our semiconductor industry to the point that ours is now in jeopardy.
We tried to do the same with Russia with our sanctioning. It didn't work either. Their economy is thriving.
You would think. After all the miscalculations that our State Department, our military and our political elite have made over decades of trying to force our way down the throat's of nations we take issue with that a different tact ought to be tried.

Again, Mr. Walmsley shows the harsh and stupefying reality of it all.

https://www.youtube.com/watch?v=SHpzzaaI-20

(Well, we're picking on someone a lot bigger this time.)

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Re: Modern Monetary Theory [message #97923 is a reply to message #97873]

Tue, 30 July 2024 11:21

Rusty
Messages: 1146
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

Living in these times makes me feel reminiscent of reading the novel 1984 by George Orwell back in high school. The dystopian world depicted in it shows characteristics to what our worlds power struggles are today. Our corporate "Newspeak" that gives a shorthand synopsis of world events that when alternative journalism teases out the jest of their reporting provides clues to what the higher authority has created to propagandized journalism to supplant their policies.

Latest example is shown by Mr. Ben Norton in his Geopolitical Report of the election in Venezuela just recently. Alluding to corruption and voting tampering all over the news outlets. The standing president won re-election, Nicolas Madero, a continuing socialist politician from the prior Hugo Chaves's death in 2013.
The U.S. has attempted since then to undermine Venezuela's government with opposition candidates and sanctioning that has undermined it's oil production, crippling its economy. Many Venezuelans now on our doorstep due to harsh economic conditions brought forth by these sanctions. And Cuba! All 62 years worth.

This is similar to what was read into the election of Vladimir Putin's re-election. Carried throughout the US and G7 countries news media. Though his domestic popularity is enviable to any of our counterparts in the G7 countries can muster. Our sanctioning there didn't cripple their economy. Its more robust and diversified to Venezuela's and Cuba's. Russia's economy is doing well despite sanctioning.
Whom are the virtuous nation's in our world today? It all seems tailored to what the Newspeak media says. Take it with a grain of salt.

Ben Norton:
https://geopoliticaleconomy.com/2024/07/29/us-government-edison-poll-venezuela-election/

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Re: Modern Monetary Theory [message #97926 is a reply to message #97923]

Sun, 04 August 2024 07:25

Rusty
Messages: 1146
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

The ruse continues. The United States is backing a coup attempt... Again in Venezuela. Why does our country continue to lie and connive in the affairs of sovereign country's? It's our unhinged neocon ideology pitting capitalism vs socialism. And Central & South America has been kept under our influence since the Monroe Doctrine, https://www.archives.gov/milestone-documents/monroe-doctrine
Keep out of our sole imperialist, colonialist sphere of banana republic control. This is the inheritance of how the British with their, "the sun never sets" on their empire mentality ruled their far flung countries. Including our country.

The world is much more integrated now by technology and with the ideal that cooperation is necessary for dealing with world wide issues. But the vestiges of colonialism still are intrenched with our country's elite mindset. Our country's heyday was in the last century and today in the 21st century is showing its sayonara from a self inflicted economic doctrine having eroded our society as other former 3rd world countries have risen with a socialist/market economy blend.

Our meddling continues unabated since from the 20th century. As Venezuela's latest election shows. It's shameful and petty that our country does this corrupt dealings. Lying to the public with a propaganda apparatus to feed our corporate news media.
Ben Norton. A journalist that really does just due to the principles of journalism does his homework rooting out the hypocrisy that our country perpetrates.

https://geopoliticaleconomy.com/2024/08/03/us-government-funds-electoral-fraud-venezuela/

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Re: Modern Monetary Theory [message #97935 is a reply to message #97926]

Thu, 08 August 2024 11:13

Rusty
Messages: 1146
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

Very interesting dialogue with Jeffrey Sachs and a Chinese born Australian living academic on her book, Chinese Statecraft in a Changing World. Jean Dong, (careful with that last name), explains how China over its 2000 year old history with its geographical nature and surrounding borders with many countries has shaped its political philosophy and current economic history that countries such as ours, the US, has interpreted as being aggressive and threatening. But her analysis shows that the Chinese have a more pragmatic and thoughtful view than dominance and imperial conquest. Really interesting insight to current world affairs that China now is leading by example and with long term strategy. And not ominous at all.

Jeffrey Sachs Book Club:

https://www.youtube.com/watch?v=xt33gLSeyCk

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Re: Modern Monetary Theory [message #97954 is a reply to message #97935]

Sun, 11 August 2024 09:16

Rusty
Messages: 1146
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

The West, against the rest has been our diplomatic initiative. With us or against us. The U.S. diplomacy mirrors our economic doctrine. Dominance of a small segment of society subjugating the 90 percent of wage earners to service the debt that the entitled small percentage thrives on through Wall Street. 93% of major stock is owned by the top 10% of society.

Our diplomatic corps carries out this doctrine to the rest of the world, expecting to do to the others as we do unto ourselves. But, alas, the BRICS coalition isn't buying that scheme. So we put our pressure on them financially through sanctioning and our Pentagon diplomacy with over 700 military installations throughout the world.
This article from over at the Geopolitical Economic website delves into what a recent retired French diplomat laments about our diplomacy. In effect, our notion of being the sole exceptional and indispensable nation to 'call the shots' in our world. Where international law takes a back seat to our 'rules based' law. Which is a stacked deck in our favor.

Our diplomacy goes so far even to spread discord with the Olympic games this year. Claiming the Chinese have athletes using banned substances to boost their performance. The hypocrisy though is that some of our own athletes show banned substances that the international anti doping commission rules against. But as with other international laws we take issue with, we have our own domestic laws that provides cover for these athletes.

We are being given a load of propaganda in this country towards the real economy that is shrinking from finance capitalism. And presented with a distorted view of what is going on in our world through our corporate media and a maze of political ideological think tanks providing guidelines to our governmental agencies and legislative branch. Whom are funded through the top percentile of our societies wealth.
https://geopoliticaleconomy.com/2024/02/26/western-dominance-ended-eu-josep-borrell/

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Re: Modern Monetary Theory [message #97956 is a reply to message #97954]

Tue, 13 August 2024 10:58

Rusty
Messages: 1146
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

Take one step forward, then three steps back. Or, our left hand doesn't know what our right hand is doing. We are promoting domestic manufacturing again. The EV and chip making initiative touted in our country now is met with countervailing and crippling foreign policies that stymie the chance of success of getting those industries off and running or profitable.
Our ongoing feuding with China does nothing but lay waste to these initiatives. Our typical catch 22 of policy and ideology. Our chip production is faltering after billions allocated to their domestic production is cancelled by our tariffs and barring sales into China. And our EV sales are declining because our ability now to make our own supply chain with battery production is cut off by China cutting off the supply of graphite for their production.
Our whole strategy is met with this schizophrenic foreign relations, neocon ideology that shoots ourselves in the foot and creates chaos in the world. For no practical good use. Only our madman Dr. Evil control and contain other country's by subterfuge and bullying.
We're nuts!

Inside China Business report:
https://www.youtube.com/watch?v=-tq3tfq1ap8

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