[Majorityrights News] Trump will ‘arm Ukraine to the teeth’ if Putin won’t negotiate ceasefire Posted by Guessedworker on Tuesday, 12 November 2024 16:20.
[Majorityrights News] Alex Navalny, born 4th June, 1976; died at Yamalo-Nenets penitentiary 16th February, 2024 Posted by Guessedworker on Friday, 16 February 2024 23:43.
[Majorityrights Central] A couple of exchanges on the nature and meaning of Christianity’s origin Posted by Guessedworker on Tuesday, 25 July 2023 22:19.
[Majorityrights News] Is the Ukrainian counter-offensive for Bakhmut the counter-offensive for Ukraine? Posted by Guessedworker on Thursday, 18 May 2023 18:55.
Posted by DanielS on Wednesday, 10 July 2019 13:19.
Ellen Brown is an attorney, chairman of the Public Banking Institute; author of twelve books including “Web of Debt” and “The Public Bank Solution.”
Posted on July 10, 2019 by Ellen Brown
How to Pay for It All: An Option the Candidates Missed
The Democratic Party has clearly swung to the progressive left, with candidates in the first round of presidential debates coming up with one program after another to help the poor, the disadvantaged and the struggling middle class. Proposals ranged from a Universal Basic Income to Medicare for All to a Green New Deal to student debt forgiveness and free college tuition. The problem, as Stuart Varney observed on FOX Business, was that no one had a viable way to pay for it all without raising taxes or taking from other programs, a hard sell to voters. If robbing Peter to pay Paul is the only alternative, the proposals will go the way of Trump’s trillion dollar infrastructure bill for lack of funding.
Fortunately there is another alternative, one that no one seems to be talking about – at least no one on the presidential candidates’ stage. In Japan, it is a hot topic; and in China, it is evidently taken for granted: the government can generate the money it needs simply by creating it on the books of its own banks. Leaders in China and Japan recognize that stimulating the economy is not a zero-sum game in which funds are just shuffled from one pot to another. To grow the economy and increase GDP, demand (money) must go up along with supply. New money needs to be added to the system; and that is what China and Japan have been doing, very successfully.
Before the 2008-09 global banking crisis, China’s GDP increased by an average of 10% per year for 30 years. The money supply increased right along with it, created on the books of its state-owned banks. Japan under Prime Minister Shinzo Abe has been following suit, with massive economic stimulus funded by correspondingly massive purchases of the government’s debt by its central bank, using money simply created with computer keystrokes.
All of this has occurred without driving up prices, the dire result predicted by US economists who subscribe to classical monetarist theory. In the 20 years from 1998 to 2018, China’s M2 money supply grew from just over 10 trillion yuan to 180 trillion yuan ($11.6T), an 18-fold increase. Yet it closed 2018 with a consumer inflation rate that was under 2%. Price stability has been maintained because China’s Gross Domestic Product has grown at nearly the same fast clip, by a factor of 13 over 20 years.
In Japan, the massive stimulus programs called “Abenomics” have been funded through its central bank. The Bank of Japan has now “monetized” nearly 50% of the government’s debt, turning it into new money by purchasing it with yen created on the bank’s books. If the US Fed did that, it would own $11 trillion in US government bonds, four times what it holds now. Yet Japan’s M2 money supply has not even doubled in 20 years, while the US money supply has grown by 300%; and Japan’s inflation rate remains stubbornly below the BOJ’s 2% target. Abe’s stimulus programs have not driven up prices. In fact deflation remains a greater concern than inflation in Japan, despite unprecedented debt monetization by its central bank.
China’s Economy: A Giant Ponzi Scheme or a New Economic Model?
Critics have long called China’s economy a Ponzi scheme, doomed to collapse in the end; and for 40 years China has continued to prove the critics wrong. According to a June 2019 report by the Congressional Research Service:
Since opening up to foreign trade and investment and implementing free-market reforms in 1979, China has been among the world’s fastest-growing economies, with real annual gross domestic product (GDP) growth averaging 9.5% through 2018, a pace described by the World Bank as “the fastest sustained expansion by a major economy in history.” Such growth has enabled China, on average, to double its GDP every eight years and helped raise an estimated 800 million people out of poverty. China has become the world’s largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.
While the eternal Kraut snubs Majorityrights for not promoting Hitler, while it tries to gaslight and smear me with anything it can for that, it can’t help itself with its mechanistic rule following ad absurdem, whether Hitler or Merkel, whether the final solution to the J.Q. that somehow includes wiping-out half of Europe, including Germany as well, or raising a million Euro with its Jewish friends for a sister ship of its NGO’s to haul genetic replacement into Europe….
Cooperation with the DNA Nations to preserve our species? No, we wouldn’t do that. You don’t love Hitler and Jesus. You are not some scientistic rule following dolt.
But help like this? Sure: The NGO Racket…
Carola Rackete was arrested in Lampedusa on Saturday after forcing her way into port. Photograph: Guglielmo Mangiapane/Reuters
More than €1m raised for rescue ship captain detained in Italy
Two online campaigns to help the German captain of a rescue ship under house arrest in Italy have between them raised more than €1m.
Carola Rackete’s arrest on Saturday, after she forced her way into port in Lampedusa carrying migrants and refugees she had rescued off Libya, prompted a fundraising appeal by two prominent German TV stars that by Tuesday morning had raised €917,195 from more than 33,000 donors.
A second campaign, started by an Italian anti-fascist group on Facebook, had raised a further €433,993 by Tuesday, well over the page’s stated goal of €349,000, bringing the total raised in support of Rackete to more than €1.3m.
“The wave of solidarity is wonderful,” Ruben Neugebauer, a spokesman for Rackete’s migrant rescue NGO Sea-Watch, told Spiegel Online. “We certainly also need the money.”
The funds will go towards paying Rackete’s legal fees if charges are brought against her. Otherwise, Neugebauer said, the NGO would need about €1m to buy and equip a new ship if Rackete’s vessel, Sea-Watch-3, remained out of action.
The German and French governments have ramped up their criticism of Italy over its handling of the case. France accused Italy on Tuesday of acting hysterically over immigration and failing to live up to its duties.
“I think that basically the Italian government has not been up to the task,” a government spokeswoman, Sibeth Ndiaye, told France’s BFM-TV. “Mr Matteo Salvini’s behaviour has not been acceptable as far as I am concerned. This is a painful subject, a complex subject which the EU and France have previously been in solidarity with Italy over.”
Salvini, who heads the ... League party, Italy’s largest political force, responded: “My behaviour regarding immigration is unacceptable? The French government should stop with these insults and open its ports.”
German politicians have also criticised Italy’s treatment of Rackete, in the first signs of a public pushback against Italy’s criminalisation of migrant rescue vessels in the Mediterranean.
“Italy isn’t any old nation,” said Germany’s president, Frank-Walter Steinmeier, in an unusually candid interview with the broadcaster ZDF aired on Sunday evening. “Italy is in the middle of the European Union, a founding state of the European Union. And therefore we should be able to expect a nation such as Italy to deal with a case like this in a different way.”
The foreign minister, Heiko Maas, went a step further, demanding that the Italian authorities set Rackete free. “From our perspective, only the release of Carola Rackete can come at the end of a procedure based on the rule of law,” Maas tweeted on Monday. “I will make that clear to Italy once again.”
Germany has said it will keep up diplomatic pressure on Italy over the case.
Once again free speech is being restricted by anti-terrorist legislation. This happened in 1940 when Defence Regulation 18B was used to detain Oswald Mosley and a thousand of his followers. The Act had been introduced to control the IRA but it was used against peace campaigners. Dangerous extremists should be locked up but law-abiding groups should be free to express their opinions. Transgressors are liable to prosecution, so be careful what you write or say.
Colin Jordan
In 1965 Colin Jordan was sentenced to eighteen months in prison for publishing a leaflet entitled ‘The Coloured Invasion’. He was the first to be prosecuted under the new Race Relations Act. At that time Special Branch were scrutinizing everything produced by the so called far-Right and several people were threatened with prosecution. Bill Whitbread of the Trade Union Anti-Immigration Movement (Tru Aim) got over the problem by publishing a leaflet made up entirely of press cuttings. He could not be prosecuted for reproducing reports from the national press.
In those days Special Branch officers took shorthand notes at street corner meetings. Every word from the platform was dutifully written down. I once brought a smile to the face of a Special Branch officer at a meeting in Bethnal Green by claiming that West Indians are pouring into the country and committing, “rape, arson and buggery.” Today, that would probably get one arrested.
The powerful Zionist lobby links any criticism of Israel with anti-Semitism. They are hounding Jeremy Corbyn and they had Jez Turner imprisoned for commemorating a Stern Gang atrocity. Their arrogance is intolerable but there’s no point in provoking them. Far better to chose one’s words carefully and remain at liberty.
The ‘National Action’ case is another matter. Since the murder of the Labour MP Jo Cox, threats must be taken seriously. The State was right to lock up Jack Renshaw for threatening to kill Labour MP Rosie Cooper. It’s unlikely that he would have carried out his threat but his drunken boasting has earned him a life sentence.
Just as stupid was the photofit picture of Prince Harry posted by Michal Szewczuk, which got him four years in prison, and the threatening blog posted by Oskar Dunn-Kaczorowski, for which he was sentenced to eighteen months.
Words and actions have consequences. When somebody threw a milkshake at Nigel Farage, the ‘entertainer’ Jo Brand said that it should have been battery acid, She is a former psychiatric nurse, a medical professional who has promised, “to do no harm.”.She is lucky that the police have decided not to prosecute. If she had been a member of National Action she would now be doing a life sentence.
European Army
The idea of a European Army is anathema to the Brexiteers but it makes sense. If the leading nations of Europe pooled their resources we could have an army of half a million men at no additional cost to any member state. NATO is a European army with the addition of Canada and the United States. By having common arms, ammunition and command structures, the nations of the alliance are able to fight together. All that would be necessary to create a European Army would be for the US and Canada to withdraw from NATO. This would not be a hostile departure, 75 years after World War Two, many Americans, including President Donald Trump, think it’s time for Europe to defend herself.
A start has already been made with the Franco-German Brigade, known as Eurocorps, which is stationed at Strasbourg. This is the latest in a long list European Armies.
Posted by DanielS on Saturday, 29 June 2019 10:09.
JUST IN:
Charred Remains of Missing Utah College Student Found
– Suspect Ayoola Ajayi Charged With Aggravated Murder
Charred remains of missing 23-year-old Utah college student MacKenzie Lueck were discovered after police searched Ayoola Ajayi’s home.
Neighbors said they saw 31-year-old Ayoola Ajayi burning something in his backyard, according to reports.
Salt Lake City police had been searching for MacKenzie Lueck for 11 days before they discovered her charred remains.
According to reports, MacKenzie was dropped off at Hatch Park at 3 AM by a Lyft driver after landing at Salt Lake City airport on June 17. The Lyft driver was cleared of any involvement in Lueck’s disappearance and murder.
Authorities combed through MacKenzie’s phone and social media records where they made the connection to Ajayi — both were at the same park at the same time of her disappearance and Ajayi initially denied knowing MacKenzie.
According to the New York Post, investigators had also been digging into Lueck’s dating apps after receiving tips that she was interested in older men and casually seeing several people.
Ajayi’s booking record in jail says he was born in Nigeria, reported Heavy.com:
“There is a self-published book for sale on Amazon called “Forge Identity.” The author, Ayoola Ajayi, says in his bio: “Ayoola Ajayi was born and raised in Africa. He has been a salesman, an entrepreneur, and a writer. He has survived a tyrannical dictatorship, escaped a real life crime, traveled internationally, excelled professionally in several industries, and is currently curating a multi-platform advertising campaign for his debut novel, Forge Identity, a sample of which can be found on Kindle, Amazon, Facebook, and any current social media. He lives in salt lake.”
More from CBS News:
The Salt Lake City Police Chief fought back tears as he spoke about notifying MacKenzie’s parents of their daughter’s horrific murder:
Ayoola Ajaya was charged with aggravated murder, aggravated kidnapping, obstruction of justice and desecration of a body of MacKenzie Lueck, the Salt Lake City police chief said.
Morrissey has reaffirmed his support for the Ethno-Nationalist, anti-Islam party For Britain and suggested that Nigel Farage “would make a good prime minister”.
The singer, who faced criticism after wearing a For Britain badge on The Tonight Show Starring Jimmy Fallon, responded to the backlash in an interview conducted by his nephew, Sam Etsy Rayner, and posted on his own website.
“The UK is a dangerously hateful place now, and I think we need someone to put a stop to the lunacy and to speak for everyone,” he said. “I see [For Britain leader] Anne Marie Waters as this person. She is extremely intelligent, ferociously dedicated to this country, she is very engaging, and also very funny at times.”
When asked about how he felt at being called a racist for various controversial comments he has made in the past, he responded: “If you call someone racist in modern Britain you are telling them that you have run out of words. You are shutting the debate down and running off. The word is meaningless now. Everyone ultimately prefers their own race … does this make everyone racist?”
Morrissey has faced criticism over previous comments about race, which include describing the Chinese as a “subspecies” and claiming “halal slaughter requires certification that can only be given by supporters of Isis”
Ellen Brown is an attorney, chairman of the Public Banking Institute; author of twelve books including “Web of Debt” and “The Public Bank Solution.”
Carola Rackete was arrested in Lampedusa on Saturday after forcing her way into port. Photograph: Guglielmo Mangiapane/Reuters
Colin Jordan.jpg?r=1561980880)
