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Evidence of widespread CORRUPTION feeding scripted lines about Israel to supposed US representatives of the US people.

 

ps.

PRO-ISRAEL LOBBY CAUGHT ON TAPE BOASTING THAT ITS MONEY INFLUENCES WASHINGTON

 

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Despicable terror state that exists primarily because of its endless propaganda attacks Congress members who dare to type the single word “AIPAC,” as if it didn’t exist!

Ilhan Omar says AIPAC influences Congress using money and Israel supporters erupt in fury

 

Israel | Progressive Democrats

Democratic Party Insiders Create Group To Promote Israel to Progressives

The new group, “Democratic Majority for Israel (DMFI),” is the latest in a long line of groups working for Israel in the United States.

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#FuckYouJapan

Japanese Whale Hunters Kill 122 Pregnant Whales

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Was Robert Maheu, an aide to Howard Hughes, responsible for Bobby Kennedy’s assassination?

A spokeswoman for the CIA declined to comment on the book’s allegations, though she acknowledged that Hughes did finance some CIA operations.

Maheu would have had access to the CIA’s experiments in hypnosis and mind control, which were being conducted at the time in California and elsewhere. That would have enabled him to frame Sirhan Sirhan as a patsy for the slaying of Kennedy, while other gunmen actually fired the fatal shots, argues author Lisa Pease, who spent 25 years researching her book, “A Lie Too Big to Fail.”

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It’s now all-bullshit all the time.

Cheap Trump/Rubio Venezuela Aid PR Stunt

The Venezuelan government has an entirely rational reason to suspect the US would use humanitarian aid as a cover to smuggle in weapons to foment armed conflict: The person running quarterback for Trump on the current Venezuela operation, Elliot Abrams, literally did just that 30 years ago.

From the first two paragraphs (emphasis added) of a 1987AP/New York Times article on Elliott Abrams, “Abrams Denies Wrongdoing in Shipping Arms to Contras” (8/17/87—h/t Kevin Gosztola):

Assistant Secretary of State Elliott Abrams has defended his role in authorizing the shipment of weapons on a humanitarian aid flight to Nicaraguan rebels, saying the operation was ”strictly by the book.”

Mr. Abrams spoke at a news conference Saturday in response to statements by Robert Duemling, former head of the State Department’s Nicaraguan humanitarian assistance office, who said he had twice ordered planes to shuttle weapons for the Contras on aid planes at Mr. Abrams’ direction in early 1986.

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Although Venezuela is not technically at war, it is suffering from foreign currency strains triggered by aggressive attacks by a foreign power. US economic sanctions have been going on for years, causing at least $20 billion in losses to the country. About $7 billion of its assets are now being held hostage by the US, which has waged an undeclared war against Venezuela ever since George W. Bush’s failed military coup against President Hugo Chavez in 2002.

Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof. Stephanie Kelton says the government actually creates money when it spends. The real limit on spending is not an artificially imposed debt ceiling but a lack of labor and materials to do the work, leading to generalized price inflation. Only when that real ceiling is hit does the money need to be taxed back, and then not to fund government spending but to shrink the money supply in an economy that has run out of resources to put the extra money to work.

Predictably, critics have been quick to rebut, calling the trend to endorse MMT “disturbing” and “a joke that’s not funny.” In a February 1st post on The Daily Reckoning,Brian Maher darkly envisioned Bernie Sanders getting elected in 2020 and implementing “Quantitative Easing for the People” based on MMT theories. To debunk the notion that governments can just “print the money” to solve their economic problems, he raise the specter of Venezuela, where “money” is everywhere but bare essentials are out of reach for many, the storefronts are empty, unemployment is at 33%, and inflation is predicted to hit 1,000,000% by the end of the year.

Blogger Arnold Kling also pointed to the Venezuelan hyperinflation. He described MMTas “the doctrine that because the government prints money, it can spend whatever it wants . . . until it can’t.” He said:

To me, the hyperinflation in Venezuela exemplifies what happens when a country reaches the “it can’t” point. The country is not at full employment. But the government can’t seem to spend its way out of difficulty. Somebody should ask these MMT rock stars about the Venezuela example.

I’m not an MMT rock star and won’t try to expound on its subtleties. (I would submit that under existing regulations, the government cannot actually create money when it spends, but that it should be able to. In fact MMTers have acknowledged that problem; but it’s a subject for another article.) What I want to address here is the hyperinflation issue, and why Venezuelan hyperinflation and “QE for the People” are completely different animals.

What Is Different About Venezuela

Venezuela’s problems are not the result of the government issuing money and using it to hire people to build infrastructure, provide essential services and expand economic development. If it were, unemployment would not be at 33 percent and climbing. Venezuela has a problem that the US does not have and will never have: it owes massive debts in a currency it cannot print itself, namely US dollars. When oil (its principal resource) was booming, Venezuela was able to meet its repayment schedule. But when oil plummeted, the government was reduced to printing Venezuelan Bolivars and selling them for US dollars on international currency exchanges. As speculators drove up the price of dollars, more and more printing was required by the government, massively deflating the national currency.

 
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