During his second term as the president of the Bolivarian Republic of Venezuela, Nicolás Maduro has achieved fundamental milestones to overcome the crises generated by the far-right opposition and the United States. These achievements have led the country towards political, economic, and social stability. They have strengthened his leadership within Chavismo and have positioned him as the natural candidate to represent the Bolivarian Revolution in the presidential election scheduled for July 28 this year.
Venezuela: 5 Strategic Reasons for Nicolás Maduro’s Presidential Candidacy
Tag: Markets
Powell Makes Unexpected Admissions During Prank Call With Fake Zelensky
Fed Chairman Jerome Powell made several bizarre, if not shocking, admissions during a prank call with two Russians posing as Ukrainian President Volodomyr Zelensky, where they discussed topics ranging from inflation, to the Russian central bank, to joking about having a ‘printing press’ in the basement and possibly setting up a federal reserve bank in Kiev.
Powell Makes Unexpected Admissions During Prank Call With Fake Zelensky
The Messed Up Truth About The Louisiana Purchase
The Louisiana Purchase is usually presented as an incredible, inspiring moment in American history in which President Thomas Jefferson, wise, benevolent eyes twinkling under his powdery white wig, made an incredibly shrewd real estate deal with notorious, disgraced French emperor Napoleon Bonaparte and, with one stroke of his giant quill pen, doubled the size of the United States of America for the bargain price of $15 million, or just three cents an acre. What we don’t usually learn about is the negative domino effect this treaty had in terms of inspiring the concept of manifest destiny or the belief that white colonists had a God-given duty to expand across North America and redeem and remake the land in their own image.
The Messed Up Truth About The Louisiana Purchase
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.
Steel Manufacturing: ArcelorMittal Poland Plans Extended Shut-Down
On September 8, ArcelorMittal Poland announced it would take Blast Furnace No. 3 at the Dąbrowa Górnicza steel manufacturing plant off stream starting in late September. According to the company, the temporary measure is a response to current market conditions throughout Europe.
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“Reducing production is the result of several factors,” the company said, elaborating on its decision. “[These include] the slow-down of economic activity in Europe, destocking done by customers, increasing level of imports from outside EU, and increasing gas and electricity prices.”
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“Additionally, the cost of carbon, which is not applicable for steel producers importing steel into Europe, has reached record high levels this year, placing European steelmakers at a further competitive disadvantage,” the company added.
Steel Manufacturing: ArcelorMittal Poland Plans Extended Shut-Down
Biden officials worry their Russia sanctions were so powerful they also brought economic suffering to the US, report says
Corporate ‘Self-Sanctioning’ of Russia Has US Fearing Economic Blowback
But some Biden administration officials are now privately expressing concern that rather than dissuading the Kremlin as intended, the penalties are instead exacerbating inflation, worsening food insecurity and punishing ordinary Russians [they don’t care about the people, the true purpose of sanctions is to encourage people to overthrow their leader] more than Putin or his allies.
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When the
invasion[special military operation] began, the Biden administration believed that if penalties exempted food and energy [what exemptions?!], the impact on inflation at home would be minimal. Since then, energy and food have become key drivers of the highest US inflation rates in 40 years, a huge political liability for President Joe Biden and the Democratic party heading into November’s mid-term elections [they only care about winning the midterms].…
There’s no sign that administration officials feel their sanctions policy was a mistake or that they want to dial back the pressure. If anything, officials have said a key US goal is to ensure Russia can’t do to other nations what it has done in Ukraine [then tell Puppet Zelensky to negotiate instead of flooding Ukraine with weapons!!].
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The Biden administration
rejects[denies] any suggestion that sanctions are part of the problem, emphasizing that the US isn’t penalizing humanitarian goods or food, andputting[shifting] the blame on Putin’s decision to attack Ukraine, including by targeting shipping on the Black Sea [which is blocked with mines].…
About 1,000 companies have so far announced that they are curtailing operations in Russia, according to data collected by the Yale Chief Executive Leadership Institute. That underscores one reason sanctions are so popular with policy makers: They essentially outsource US policy to the private sector [intentional and/or just being lazy?!], which makes it less surgical, less calibrated and less responsive to policy changes, said Smith, the former OFAC adviser.
This becomes important as all sides seek an end to the war [no, they don’t]. The lifting of sanctions can be dangled as an incentive to help bring about a diplomatic resolution to the conflict. But right now it’s hard even to offer that as a potential benefit of entering into negotiations because much of the pullout by American businesses has been self-inflicted [they screwed themselves]. Companies could face public blowback if they are seen as rushing back into the Russian market.
Headline stolen from:
The scissors of slump
Last week, US Treasury Secretary Janet Yellen told the US Congress that “We now are entering a period of transition from one of historic recovery to one that can be marked by stable and steady growth. Making this shift is a central piece of the President’s plan to get inflation under control without sacrificing the economic gains we’ve made.”
It’s true that the US economy since the depths of the pandemic slump, (which remember in terms of national output, incomes and investment was the worst since the 1930s – even worse that the Great Recession of 2008-9) has made a recovery. But it could hardly be described as ‘historic’. And as for the claim that the US economy, the best performing of the major economies in the last year, is heading towards ‘stable and steady growth’, that is not supported by reality.
The scissors of slump
No Way Out but War
Permanent war has cannibalized the country. It has created a social, political, and economic morass. Each new military debacle is another nail in the coffin of Pax Americana.
No Way Out but War
H/T: Unorthodox Truth
Ms. Cat’s Chronicles 
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