Tag: Big Banks

Biden Betrays Another Campaign Pledge—Admits that U.S. Will Continue to Bomb Afghanistan

Tina Marie (Ms. Cat)

Biden Betrays Another Campaign Pledge—Admits that U.S. Will Continue to Bomb Afghanistan

When the President refers to “over-the-horizon capacity that we can be value added,” he is referring to a plan, that appears might cost $10 billion, to fly drones and manned attack aircraft from bases as far away as Qatar, the United Arab Emirates and Kuwait to assist the current Afghan central government in defending itself against the Taliban.

Related:

A hybrid war to replace Afghan ‘forever war’?

Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs

Tina Marie (Ms. Cat)

Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs

It’s factually incorrect for the Fed Chairman to say that it can only make emergency loans with the approval of the Treasury. Months before there was any case of COVID-19 anywhere in the world the Fed was making hundreds of billions of dollars a week in emergency repo loans to Wall Street trading houses. The emergency loans started on September 17, 2019 – four months before the first reported case of COVID-19 in the United States. By January 27, 2020 the Fed’s ongoing cumulative loans to bail out Wall Street’s hubris tallied up to an astounding $6.6 trillion. (See Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months; That’s 34% of Its Feeding Tube During Epic Financial Crash.)

China, the U.S., and the Idea of National Competition

Tina Marie (Ms. Cat)

China, the U.S., and the Idea of National Competition

What appears to be meant in the U.S. by ‘competing with China’ can be inferred by the rising Pentagon budget, by the failure to raise the minimum wage, by hiring private corporations to get around restrictions on domestic spying, and by appointing a high-level administrator to shut-down inconvenient political opinions on the internet. The political parties are now balkanized to the point where their adherents trust members of their own party, but not the other. What this likely means is an iterative process between ‘wealth of nations’ style economic nationalism and neoliberal internationalism where the only constant is the consolidation of political control by oligarchs and corporate executives. I believe that Italians in the 1920s and 1930s had a name for this type of governance.