On the surface, the tit-for-tat trade war between the U.S. and China appears to be turning into a currency war.
(24.6.2018) At the end of last month, European Commissioner Günther Oettinger scolded rebellious Italian voters who are fed up with European Union bureaucrats and European Central bankers dominating their country. “The market will teach Italians how to vote,” Oettingerm said.
He had made this remark when it seemed Italy was heading toward fresh elections after the latest political crisis. At the time the spread between Italian and German bonds jumped more than 300 points, aggravating Italy’s heavy public debt. In other words, Oettinger was convinced that the need for financial stability would force upstart Italian voters to get back in line with what the bankers want.
In capitalism, whoever has the gold makes the rules. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss.
(3.Mai) I would argue that the lasting legacy of Marx 200 years after his birth comes from the conclusion he and Friedrich Engels drew in their 1848 publication The Communist Manfesto:
„The proletarians have nothing to lose but their chains. They have a world to win. Workers of all countries unite.“
(23.3.2018) Fortunately, the lexicography experts in the corporate media and the Anti-Defamation League cleared that up for me earlier this month. According to these experts, words like “globalist” and “globalism” don’t really mean anything. They are simply Nazi code words for “the Jews.” There is actually no such thing as “globalism,” or “global capitalism,” or “transnational capitalism,” or “supranational quasi-governmental entities” like the International Monetary Fund, the World Trade Organization, the European Commission, and the European Central Bank … or, OK, sure, there are such entities, but there is no legitimate reason to discuss them, or write about them, or even casually mention them, and anyone who does is definitely a Nazi.