When two experienced economy and finance analysts, who both correctly predicted the derivative crisis of 2008, again warn of an imminent crash one better listens up.
The Expected Financial Crash Is Finally Here
Previously:
Tag: Debt
The Military to American Youth: You Belong to Me
by Robert C. Koehler, Guest Writer, Dandelion Salad, September 26, 2022
Ah, the children!
They belong to us, sayeth the Department of Defense. At least some of them do.
The Military to American Youth: You Belong to Me, by Robert C. Koehler
Is the USA Scoring Self-Goals With Its Ukraine Policy?
There has already been significant criticism of the Ukraine policy of the USA government from a perspective of world peace. The base of US policy is the concept of a proxy war that can bleed and weaken Russia as much as possible (at great cost to the people of Ukraine as well as the peace and stability of the rest of the world). This has been documented at several places. However another important aspect which has unfortunately received very less attention is that the Ukraine policy of the USA government also seriously violates the real, broader interests of the USA government and people.
Is the USA Scoring Self-Goals With Its Ukraine Policy?
Related:
Nearly 90 Percent of the World Isn’t Following Us on Ukraine
Globalization can function only if most participants believe it advances their interests. If the rest believe the West is unfairly using the system for its own benefit, the rules- based international order falls apart and alternatives will emerge.
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These concerns are generating considerable anti-Western sentiment across much of the Global South. While a nuclear-armed Russia shows no willingness to end a war its leaders cannot afford to lose; the West is rapidly losing the rest and thus undermining the very rules-based international order it has sought to create. Our most promising solution to this dilemma is likely to be some sort of diplomatic compromise.
Bill Gates Failed Effort to Feed Africa:Was he even trying to help in the first place?
Healthcare administration students in the United States have no choice but to learn about private vs public interests, and the power that private interests have in crafting the Nation’s healthcare policy. Essentials of Health Policy and Law is a fairly standard healthcare administration textbook that budding health policy experts are given to study in American universities. The text uses health policy decisions made in recent years by the Bill and Melinda Gates Foundation as an example of the way private interests control public health policy. According to the book, the Bill and Melinda Gates foundation “provides grants to develop crops that are high in essential vitamins and minerals to improve the nutrition of people in developing countries” (Wilensky, 2023). A very uncritical examination of the way investors like Gates use their wealth to make important decisions that affect millions.
Bill Gates Failed Effort to Feed Africa:Was he even trying to help in the first place?
Resources:
Gates-funded ‘green revolution’ in Africa has failed, critics say
Bill Gates: ‘We’re in a Worse Place Than I Expected’
Irish Potato Famine: How Belief In Overpopulation Leads To Human Evil
Serve the people: The eradication of extreme poverty in China.
The Failed Serotonin Theory of Depression: A Marxist Analysis
By Carlos L. Garrido – Sep 9, 2022
A recent study published in the journal Molecular Psychiatry sent shockwaves across the scientific community and popular outlets as it disproved the predominant “serotonin hypothesis” of depression. In just two weeks since its publication it has been accessed by nearly half a million people and the subject of dozens of subsequent articles. The researchers analyzed a total of seventeen systematic reviews, meta-analyses, and other large studies focused on the following six tenets pertinent to the “serotonin hypothesis” of depression:
The Failed Serotonin Theory of Depression: A Marxist Analysis
U.S. ups the ante: are we indeed headed into WWIII and what can save us?
Gilbert Doctorow, 9/9/22
The UK and Commonwealth may be mourning the passing of Queen Elizabeth II yesterday. I am in mourning as well, but for a very different reason: the gathering of the Ukraine Defense Contact Group in the Ramstein air base in Germany yesterday reshuffled the deck on Western military and financial assistance to Ukraine, raising contributions to the ongoing holy crusade against Russia from still more nations and adding new, still more advanced precision strike weapons to the mix of deliveries to Kiev. It was an open summons to the Kremlin to escalate in turn, as were the test firing the same day of a new intercontinental rocket, the Minuteman III, from Vandenberg air base in California and the unannounced visit to Kiev yesterday of not only Secretary of State Antony Blinken, who was featured in Western media accounts, but also other top officials of the Biden administration. The most notorious member of this delegation was surely Blinken’s deputy, Victoria Nuland, who had stage managed the February 2014 coup that put in power in Kiev the Russia-hating regime that Zelensky now heads.
Gilbert Doctorow: U.S. ups the ante: are we indeed headed into WWIII and what can save us?
Related:
A Former US Marine Corps Officer’s Analysis of the Ukraine War (archived, in case the original is removed)
Everyone pays the cost as the rich keep spending
Everyone pays the cost as the rich keep spending
Meanwhile, the Biden White House is doing what it can to buffer inflationary pain for working people. It has been releasing strategic petroleum reserves in a partly successful effort to lower prices at the pump, extending pandemic-era caps on some student loan payments and pushing for antitrust action in areas where corporate concentration (which has grown hand in hand with financialisation) may be responsible for some inflationary pressure.
But more changes are needed. The success of corporate lobbyists in overturning efforts to roll back carried interest loopholes are shameful. Student debt forgiveness — no matter how generous it is — will not change the fact that the cost of four years of private university in the US (an elastic cost that can be bid up indefinitely by the global rich) is nearly double the median family income. Housing markets continue to cry out for major reform.
I suspect it will take a younger generation to push through these sorts of systemic changes. They simply don’t have as much asset wealth to protect.
West’s neoliberal ‘age of abundance’ is over, as war and sanctions boomerang home
Aug 27, 2022 — France’s President Emmanuel Macron, a former banker, warned “we are living the end of what could have seemed an era of abundance.” Western wars and sanctions are boomeranging back at home. The neoliberal phase of capitalism is collapsing.
Neoliberalism has lost the key pillars it was built on: cheap energy and raw materials from Russia, cheap labor and consumer goods from China, an unsustainable bubble of household debt, low to zero interest rates, and Washington’s ability to organize regime-change operations in any country where a government tried a socialistic or state-led economic model.
West’s neoliberal ‘age of abundance’ is over, as war and sanctions boomerang home via Multipolarista
Calling a recession and blaming it on interest rates
The latest US GDP figures for second quarter of 2022 renewed the debate about whether the US economy was in a recession or not. Real GDP contracted in the second quarter of this year by a 0.9% annualised rate (or by 0.2% quarter over quarter). That meant the US economy had contracted for two successive quarters, and so ‘technically’ (by that definition) was in a recession. Real GDP is now up only 1.6% from Q2 2021. And business investment is slowing, up only 3.5% from this time last year, the slowest rate since the end of the COVID slump in 2020.
Calling a recession and blaming it on interest rates
Ms. Cat’s Chronicles 
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