Surging cost of living in US drives class tensions to the breaking point

The latest inflation data published Tuesday shows that the working class confronts months of immense hardships as wages lose their value in the face of rising living costs. The ruling class’s attempt to make the working class pay for the crisis of capitalism is driving workers into struggle across the world, including in the United States, where teachers, nurses, and possibly railroad workers are launching powerful strikes.

Surging cost of living in US drives class tensions to the breaking point

The economic crisis in Germany is the result of a deliberate provocation by the USA.

Berlin, Germany (World Express). War in Ukraine began on February 24. Since then, the sanctions imposed by EU countries against Russia have started to have a negative impact on European economies. The sanctions boomerang came as a surprise to the federal government, most politicians in the traffic light coalition and ordinary voters. However, as it recently turned out, these consequences of the anti-Russian sanctions were unexpected only for the Germans. The USA had calculated all the consequences in advance and, moreover, consciously decided to weaken the German economy.

The economic crisis in Germany is the result of a deliberate provocation by the USA. The Americans collapsed the German economy to destroy a competitor. (original)

WHCS = White House Chief of Staff, Ron Klain. ANSA = Assistant to the President for National Security Affairs, Jake Sullivan. CIA = Central Intelligence Agency. NSA = National Security Agency. DNC = Democratic National Committee/Democratic Party.

H/T: iEarlGrey

They’re counting on the collapse of the German economy to rescue the US economy—all to save the Democrats from losing in the midterm elections?! Interesting, if this document is authentic, considering that it was supposedly written in January. Germans are already protesting, demanding that the current government resign!

Rahul Gandhi – The Most Establishment Populist, protests rising prices, lack of jobs

Rahul Gandhi – The Most Establishment Populist

This ambitious attempt to reconnect with the masses fails to take into account what Gandhi himself acknowledged in London: that the INC was central to building the structures that it now claims have been captured by the BJP and RSS. Gandhi also ignores that the INC [Indian National Congress] itself was central to corrupting these structures.

Banerjee’s criticism gets to the heart of the problem that Gandhi faces with the Bharat Jodo Yatra. Looking to the people of India for support to oppose the BJP makes sense, it will indeed take a large supporter base to remove the BJP and release its grip from the tools of power. The INC and Gandhi, however, cannot expect to build such a support base on an anti-corruption and anti-state capture march. As Gandhi himself acknowledged, the INC was central to putting in place the structures of independent India. What he fails to recognize, or acknowledge, is that the INC also has its own very real and recent history of exploiting these very same structures, whether to suspend the rule of law and hold on to power or simply to extract wealth while in power. In the multiparty contest to dethrone Modi, the INC cannot easily pivot from embodying the Indian state itself to campaigning on a populist charge to oppose the deep state.

Related:

India’s main opposition protests rising prices, lack of jobs

BY ASSOCIATED PRESS

NEW DELHI (AP) — Thousands of Indians rallied on Sunday under key opposition Congress party leader Rahul Gandhi, who made a scathing attack on Prime Minister Narendra Modi’s government over soaring unemployment and rising food and fuel prices in the country.

Notes for Self:

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Europe’s Coming Winter From Hell: Thanks for Your Sanctions War, Washington!

Source: Caitlin Johnstone

Europe’s impending depression is not to be discounted in terms of its relevance to this side of the Atlantic pond. Since the turn of the century, US exports to the European Union have soared from $12.3 billion per month to $30.4 billion. That latter amounts to $365 billion on an annual basis.

Needless to say, when European GDP descends into a double-digit slide, demand for US exports will plunge, causing declines in production and employment on this side of the Atlantic.

Europe’s Coming Winter From Hell: Thanks for Your Sanctions War, Washington!

Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”

The CEO and president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate business “if it comes with a level of unemployment that puts employers back in the driver seat and allows them to get all their employees back into the office.” The executive, Jordan Kaplan, then repeated that “the thought would be that unemployment would be up. And therefore, employers would be in the driver seat to bring people back in the office, which is where they want them.”

Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”