Tag: Economy

US Hostility Toward China. Military Encirclement, Visa Bans, Backlash on US Economy

Tina Marie (Ms. Cat)

US Hostility Toward China. Military Encirclement, Visa Bans, Backlash on US Economy

Geopolitics of both right wings of the US war party is polar opposite what just societies cherish — seeking dominance over other nations by brute force if other tactics to achieve its aims fail.

Mutual cooperation and respect for the sovereign rights of other nations according to international law is a nonstarter for the US.

It’s why a permanent state of war by hot and other means exists between its ruling authorities and all other nations it doesn’t control.

Highly distracted by bread and circuses, along with establishment media propaganda, most Americans are none the wiser about how their government breaches the rule of law, harming their health, welfare, safety and security.

Central banks have pumped money into the economy, but this is no substitute for democracy

Tina Marie (Ms. Cat)

Central banks have pumped money into the economy, but this is no substitute for democracy

Since 2 March, the Fed’s total assets have leapt by more than half. Since 2008, its balance sheet has grown to 30% of the size of the US economy. Central bankers seem confident their actions will find public approval. “A firefighter has never been criticised for using too much water,” the governor of the Bank of Canada said.

This confidence is misplaced. Both left and right have reason to welcome the Fed’s emergency intervention, but new money flooded into private capital markets will inevitably flow into the deepest pockets. And without strengthening the democratic legitimacy of this policy, and using it for socially transformative ends, the reaction will strengthen those who are antagonistic to the practice of government – the populist right.