banks

An SF City Bank Is Not Only Possible — It’s A Great Idea

Published by Anonymous (not verified) on Fri, 05/01/2018 - 3:00am in

San Francisco faces no legal obstacles and no significant policy problems with creating a municipal bank, a recent report from the city’s budget and legislative analyst concludes. The report, released late in November with very little news media fanfare, represents a major step towards putting the city’s sizable financial resources into community development, affordable housing, and small businesses instead of the profits of giant, corrupt financial institutions. The report hinges in part on a change in the position of the City Attorney’s Office. In 2011, when then-Sup. John Avalos raised the issue, the budget analyst reported that state law would ban a municipal bank. But since then, after detailed research, City Attorney Dennis Herrera has concluded that “in fact, State law does not preclude the city from creating a bank as a separate legal entity.”

RT Interviews Ken Livingstone on Boris Johnson in Moscow

Boris Johnson has flown to Moscow to try to repair some of the damage the new Cold War has done to Anglo-Russian relations with his opposite number, Sergei Lavrov. And despite declaring himself a Russophile – and I’ll believe that claim when I see concrete evidence – Eton’s blonde ambition seems to have made matters worse. He’s declared that there’s evidence that Russia’s been interfering in the affairs of countries all over the globe.

So RT spoke to Ken Livingstone to see what he thought of it all. And the man Private Eye calls ‘Leninspart’ and makes jokes about being a ‘Leninist newt fancier’ has some very interesting things to say. They are definitely what you are not going to hear on the lamestream news or tonight on Have I Got News For You.

Livingstone states that he knows Boris very well, having fought against him in four elections. He comments that the old Etonian blonde beast (Will without intelligence! How beautiful! How free!, as Nietzsche rhapsodised) doesn’t want to be a politician. He wants to be a celebrity. And he very often doesn’t read the briefing documents his aides prepare for him. Thus he managed to get Nazanin Zaghari-Ratcliffe’s sentence extended by the Iranians for supposedly teaching journalism, when she was there on a holiday visiting her family.

As for the reasons behind the latest Cold War, Livingstone suggests that it’s all today with America’s failure to come to terms with the fact that China is about to overtake them as the world’s largest economy. Way back under Obama, the US tried to put together a coalition against China, because they were afraid of its growing power. Obama tried to get Russia to join their alliance, but Putin wouldn’t play ball. He had good reason. Russia does a lot of trade with the Chung Kuo, the Middle Kingdom. In pique, the Americans have decided to attack Russia and punish them for this disloyalty. Despite the fact that, as Livingstone says, a growing number of academics are pointing out there’s absolutely no truth in the allegations that Russia is manipulating other countries internal affairs.

It’s also very hypocritical. Livingstone was there in 1996 when Yeltsin, who by then he describes as ‘completely dysfunctional’ was up for re-election. Livingstone’s convinced that the election was rigged. The Communist candidate, Tsuganov, won the popular vote 54-46. But somehow Yeltsin got himself back into office. The result was his drunken antics on the international stage, the crash privatisation of the Russian economy, resulting in total meltdown and mass poverty and colossal corruption that reached all the way to the top. Livingstone states that most Russians probably found it a relief after Yeltsin to have Putin. I don’t doubt it. Putin’s another fascistic militarist, like Trump, and I’ve no doubt that the allegations of corruption around him are true. It’s why I’ve referred to him as the ‘arkhiplut’, a Russian term meaning ‘arch-criminal’. But he’s given his people stability, prosperity and national pride after the chaos of Yeltsin’s grotesque reign.

Livingstone is also pessimistic about any possibilities of change in Anglo-Russian relations. Despite Boris calling himself a ‘russophile’, Boris will probably start making speeches attacking the Russians the moment he gets back to Britain. And the situation itself will continue as long as America cannot reconcile itself to the fact that it is no longer going to be the world’s only superpower. Instead there are going to be many superpowers. But the Americans can’t accept that.

This sounds exactly right. I hadn’t heard that Obama had tried to put together an anti-Chinese alliance, but it doesn’t surprise me. It would explain why Killary also had a bitter enmity towards them, and why she was doing her best to ramp up tensions with the Chinese as well as the Russians. Counterpunch and other radical, left-wing news sites have also documented the way the Americans poured money into Yeltsin’s campaign, subsidising it to the tune of hundred of millions, if not billions, in order to get the drunk capitalist re-elected. Because Yeltsin was selling off state assets cheaply, and American multinationals wanted their ‘piece of the action’. Some of the resentment towards Putin coming from the other side of the Pond now is because Putin has stopped all that. Russia was supposed to be under America’s economic yoke, like every other country America has ‘helped’, going all the way back to the Marshal Plan. And because Putin has followed Lenin’s dictum of smashing the West’s economic imperialism at its weakest link – Russia – the Americans are furious and want to see him toppled and Russian influence combated.

There are, of course, other, personal reasons why the Americans hate Russia at the moment. Like Killary trying to fend off the fact that precious few Americans actually like her, and that she was caught fiddling the DNC’s internal elections to take the presidential nomination away from Bernie Sanders. Because she, like the men around her in the corporatist Democrats and Republicans, is the puppet of big business and very definitely in Wall Street’s pocket. So to try to distract attention from her glaring faults, she’s claiming it’s all due to Russian hacking. It wasn’t. WikiLeaks have said they got the leaked emails from a disgruntled insider. The FBI has said that the Russians aren’t interfering in America’s political affairs, or at least, no more than they usually do. The only people repeating this lie are Killary, the lamestream media, who fear losing out to alternative news media, like RT, and a group of Nazi libertarians, the Von Mises Foundation, who want everything privatised and have published eugenics ‘scientific’ racist balderdash claiming that America shouldn’t have a welfare state, because Blacks and the poor are racially inferior and undeserving.

As for BoJo, I also don’t doubt here that what Livingstone has said is correct. BoJo definitely enjoys being a celebrity. He’s appeared on Have I Got News For You, and used it as the title for one of his wretched books – Have I Got Views For You. He is ruthlessly ambitious, completely unprincipled, and absolutely bereft of any recognisable talent.

There’s a simply way to repair relations with Russia: sack Boris, and stop doing what the Americans say. This is another example of the ‘special relationship’ working against our interests and for the Americans. The Americans want Russia punished, and so our politicians act once again as their poodles and lapdogs. Just like Blair enthusiastically backed Bush’s illegal invasion of Iraq. We’re trying to maintain our own failing status as a great power by riding on their coat-tails. And because America’s now in trouble and wants to hurt China and Russia, we have to follow suit.

The Special Relationship is all very well, but it’s time to assert our independence and do the right thing by refusing to toe the American line on Putin. Global peace may depend on it.

Cartoon of the day

Published by Anonymous (not verified) on Sun, 10/12/2017 - 1:00am in

FellP20171129_low

Special mention

BM-Mnuchin

Tagged: banks, cartoon, CFPB, Mnuchin, rich, Wall Street, working-class

Jimmy Dore Show: Obama and Killary Back Trump’s Embassy Move to Jerusalem

More geopolitical arrogance and stupidity, but this time it’s from the Democrats.

A few days ago Trump caused astonishment and outrage around the world by announcing that he was planning to move the American embassy from Tel Aviv to Jerusalem. As The Young Turks have explained, this is immensely controversial as Jerusalem is also a holy city to the world’s Muslims and Christians, who will resent all of the holy sites being under Israeli control. However, it’s done to support the Likudniks and other Israeli right-winger, who want Jerusalem to be the capital of Israel. And it’s also strongly supported by the Christian Zionist right in America, who are looking forward to the restoration of Israel, and an apocalyptic war between Good and Evil, seen as America, Israel and Christianity versus Islam, which will lead to Christ’s Second Coming. Jerusalem is also claimed by the Palestinians. It was taken from them by the Israelis, but the city still has a large Arab population.

In this piece from The Jimmy Dore Show, the American comedian and his co-hosts, Steffi Zamorano and Ron Placone, discuss Trump’s decision, and how its being supported by key leaders of the Democrats: specifically Chuck Shumer, the leader of the Democrats in Congress, Barak Obama and Hillary Clinton.

The clip begins with a series of quotes from Arab and other Middle Eastern leaders condemning the move. These include Manuel Hassassian, the leader of the Palestinian delegation, who describes it as an attack on the Palestinians, and also the Middle East’s Muslims and Christians. El-Sisi, the current military strongman ruling Egypt, also condemns it, as does Erdogan, the Islamist president of Turkey. Erodogan states that he was almost going to cut off diplomatic relations with Israel in retaliation. As Dore points out, Turkey’s America’s ally.

Dore also points out that the move is against America’s best interests and only serves Israel. And Israel is beholden to America. Last year, Congress voted to give it $38 billion of military aid. This is a country that has single-payer healthcare. But Americans can’t have it, because it’s too expensive. The money has to go to Israel to keep their military awash with cash. On the other hand, if America didn’t support Israel, what other country would stand up for them? No-one.

But you expect the Democrats would be different. But they’re not. Chuck Schumer has said that he was pressing Trump to move the embassy to Jerusalem, and took the president to task for his indecision. There’s also a clip from Barak Obama, in which he declares Jerusalem to be the indivisible capital of Israel, and supports moving the American embassy there. If you look at the signs around the podium, it’s clear that he’s speaking at an AIPAC gathering. AIPAC is the main, pro-Israel lobby group in the US. And then there’s a quote from Hillary Clinton, from all the way back in 1999, in which she states she wants the American embassy moved to Jerusalem.

This shows very clearly that the corporatist, Clintonite Democrats as corrupt, arrogant and dangerous on this issue as Trump and the Republicans. But followers of Dore’s show probably won’t be particularly surprised by this. Dore has made a number of videos pointing out the corruption and imperialist agenda of the corporate Democrats, including Killary and Obama. Obama carried on the privatisation and welfare cuts of Bush and the Republicans. He also expanded the wars in the Middle East from two to seven. But he got away with it because he cloaked it all in vague, progressive rhetoric. All that stuff about ‘hope and change’. Dore doesn’t mention it, but race was also a factor. Obama was America’s first Black president, and his election was hailed as a breakthrough for Black people. When he was elected there were celebrations in Africa, and the Nobel Committee gave him a peace prize. Just like they did to Kissinger. But despite the stupid, vicious rhetoric from lunatic Republicans about how Obama hated Whites, and was planning to kill them all in concentration camps, Obama was solidly Conservative in his policies, and did precious little for Blacks. Poor Whites have seen their incomes and life expectancy drop, and Black life expectancy has risen. This has resulted in the racist fringe shouting about ‘White genocide’, and mobilised them in support of Trump. But Black income has dropped even further than poor White, and it’s been projected that in a few decades the average Black family will have absolutely zero wealth.

As for Hillary Clinton, she has shown herself to be every bit as militaristic, imperialist and hawkish as the male politicians and generals that surround her. She fully supported the Iraq invasion, and when Obama was in office was ramping up tensions with China and Russia. Susan Sarandon has commented on interviews that if she’d won the election, America could well have been at war by now. I think Sarandon’s right. As for the reason’s for the new Cold War against Putin and Russia, some of this is an attempt by Clinton to deflect attention from the way she and her coterie stole the presidential nomination away from Bernie, and her massive ties to Wall Street. But it’s also been suggested that it’s also rage by American capitalism against Putin, for making Russia economically independent after they had poured so much money into the privatisation of the economy under Yeltsin.

It’s glaringly obvious to just about everyone how massively stupidly dangerous the current Cold War with Russia, because of the potential for it to develop into a real war. And there were NATO generals predicting that it would. One of them even published a book claiming that by May this year (2017) we would be at war with Russia. Such a conflict could easily become a nuclear war, resulting in the destruction of all life on our beautiful, fragile world.

Mercifully, we aren’t at war with Russia. But the fact that Obama and Hillary were keen to stoke tensions with Putin shows how dangerous they are. Just as their support for Trump moving the American embassy to Jerusalem.

Obama, Hillary and Schumer are unfit for office. Their support for America’s imperialist wars, the new Cold War and the transfer of the embassy to Jerusalem are a positive threat to world peace. And the Arab and Muslim leaders who denounced the move are right: it shows absolute contempt and disregard for the feelings of Arabs and Muslims.

It’s been shown that much of the support for terrorist campaign against the West in the Middle East comes from anger at the repeated western military interference in the affairs of the Middle East – the invasions and the overthrow of Middle Eastern leaders, when they are perceived as an obstacle to western political or commercial interests. The Iraq invasion is one example, but so too is the overthrow of Mohammed Mossadeq, the last democratically elected prime minister of Iran. He was overthrown because he dared to nationalise the Iranian oil industry.

Trump’s decision has sparked riots and protests throughout the Middle East. It wouldn’t surprise me one bit if it also doesn’t serve to provoke another wave of terrorism directed against us. But I very much doubt that Trump, Killary, Obama and the other major political figures will comment on the way western imperialism is stirring up anti-western sentiment in the Middle East. Instead we’ll just have more discussion about the nature of Islamism – which is indeed part of the problem. And the islamophobic right will start ranting about how it’s all due to something intrinsic in Islam itself, and that Muslims hate us because of our freedoms.

Schumer, Obama and Hillary’s support for Trump’s decision serve yet again to show how corrupt the corporate Democrats are. They have to go. A growing number of Americans want a third party, which will really represent American working people. And the Democrat elite’s support for the transfer of the embassy to Jerusalem is further evidence that a third party is needed, if the Democrat party can’t be reformed and the Clintonites and corporatists cleaned out.

Martin Odoni: Lack of Brexit Impact Assessments Means Government Should Go

There were calls last week for David Davis to reveal the 60 or so impact assessments on Brexit, that the government had compiled and was supposed to be suppressing. Davis himself was facing accusations of contempt of parliament for refusing to release them. Now he has revealed that, actually, there aren’t any. Mike over at Vox Political has put up a short piece from Martin Odoni over the Critique Archives, who makes the obvious point: the government is seriously negligent, and should go. The members of every opposition party in parliament should unite and demand their resignation. He makes the point that the referendum was conducted so that Cameron could get the Tory right on board, and that in the 2 1/2 years since it is absolutely disgraceful that the Tories simply haven’t bothered to work out how Brexit would affect Britain.

http://voxpoliticalonline.com/2017/12/07/if-there-are-no-brexit-impact-assessments-the-entire-tory-government-is-grossly-negligent-and-must-go/

I can’t agree more. Every day brings fresh news of how Brexit is damaging Britain’s economy and world status. Today there was a piece on the news reporting that universities are finding it difficult to recruit foreign graduates, thanks to Brexit. We have lost three regulatory bodies to Europe in the past week. Mike has also reported that Britain’s scientists will also losing funding due Brexit, as they will no longer be quite so much a part of the European science infrastructure.

At the same time the Tory right is trying to strip the human rights and workers’ rights legislation out of British law, to make it even easier to fire and exploit British workers. And British businesses are wondering how well they will fare without access to the single market.

Brexit is a mess. And you could tell it was going to be a mess, from the way the Maybot mechanically intoned ‘Brexit means Brexit’ whenever anyone asked her what Brexit meant, all the while staring at the interlocutor as if they, not she, were the stupid one. The Tories have no plan, only slogans and lies. In this case, we’ve seen Michael Gove pop up again and again to give his spiel about how wonderful everything will be after Brexit. As has Young Master Jacob Rees-Mogg. Gove was on the One Show Last Night in an article about the crisis hitting the British fishing industry. And guess what – he said that Britain would once again have the largest, or one of the largest fishing fleets in the world, after Brexit.

As Christine Keeler said all those years ago, well, he would say that, wouldn’t he?

Many people voted for Brexit because they were genuinely sick and tired of the neoliberal policies forced upon Britain and the other European countries by the EU. This was quite apart from the nationalist and racist fears stoked by UKIP about foreign, and specifically Muslim, immigration.

In fact, Brexit has been promoted by the financial sector and its Tory cheerleaders so that Britain can become another offshore tax haven. It’s part of a very long-standing Tory policy going right back to Maggie Thatcher, that has seen the financial sector given priority over manufacturing. The attitude became official policy under Blair, when it was announced that we shouldn’t try to restore our manufacturing industries, and should concentrate on the financial sector and servicing the American economy.

It’s a profoundly mistaken attitude. Ha-Joon Chang in his books on capitalism states very clearly that manufacturing is still vitally important for the British economy. If it occupies less of the economy, it’s because it hasn’t grown as much as the financial sector. But it’s still the basis of our economy.
But I doubt that will cut much ice with Tory grandees like Jacob Rees-Mogg, who makes his money through investments, rather than actually running a business that actually makes something.

And so the British economy is being wrecked, British businesses are looking at ruin, and British workers looking at precarity and unemployment, because the government in this issue is guided by tax-dodging bankers.

The Tories have been colossally negligent to the point of treating the British public with absolute contempt. Mike and Mr Odoni are absolutely right.

They should resign. Now.

RT Interview with John Pilger ahead of British Library Exhibition

In this edition of RT’s Going Underground, main man Afshin Rattansi talks to the veteran, prize-winning investigative journalist, John Pilger, about his work. The topics covered include NATO wars, Nelson Mandela and mainstream journalism. Pilger is best known for his work uncovering and documenting the horrors of the Vietnam War and the horrific genocide in Cambodia by Pol Pot and the Khmer Rouge. There’s going to be an exhibition of his work at the British Library on the 8th and 9th (of December, 2017), and this interview clearly looks forward to that. Pilger states that he’s delighted that the British Library are hosting the exhibition. He’s a fan of the building, and also notes with satisfaction that this was the place where Marx sat down to write his works, that would eventually bring down the Russian Empire a few short decades later.

The interview consists of a series of clips from documentaries Pilger has made over the years, and his comments about them. And they’re very revealing, not least in the reaction of the establishment to some of his work after it was aired, and the abuse he also got for not treating Nelson Mandela as the saint he became after he was released from prison. And after hearing Pilger’s explanation why he asked Mandela difficult questions, you’ll realise that Pilger was right to do so.

The first clip is of an American squaddie in the Vietnam War describing how he doesn’t understand what he and the other American soldiers are doing in the country. The soldier also doesn’t seem to know why the Vietnamese are firing at them. He only knows that they do, and they have to fight them back. Pilger states that he filmed this at the time there was a massive rebellion throughout the American armed forces, because very many other troopers also couldn’t see why they were in the country being shot and killed either.

And the reaction to that piece by the independent television regulator is revealing. The man was furious, and denounced it as treason or subversion, or some such similar betrayal of the western side. However, the head of Granada, who screened the documentary – it was made for ITV’s World In Action – Lord Bernstein, stood up to the regulator, and told him that this was the kind of journalism he wanted more of. Well done! I wish we had more of that attitude now. Unfortunately, the attitude amongst our broadcasters today seems to be to cave in whenever the government or someone in authority takes offence. So we now have a cowed, craven media that just seems to go along with whatever the elite – and very often that means the clique surrounding Rupert Murdoch and other multinational capitalists and media moguls – decide is news and the approved, neoliberal, capitalist viewpoint.

He then goes on to another clip showing the horrors of Year Zero in Cambodia. Pilger here describes some of the most striking incidents and images that came to him when he was filming there. Like the scores of bank notes floating about, because the Khmer Rouge had blown up the banks. There was all this money, and it was absolutely worthless. He describes a scene in which an old lady was using bundles of notes to light a fire.

Pilger points out that by the CIA’s own admission, it was American carpet-bombing that brought the Khmer Rouge to power. The CIA came to that conclusion in a report that it published. If Nixon and Killary’s best buddy, Kissinger, hadn’t tried to bomb the country back into the Stone Age, the Khmer Rouge would have remained a marginal political sect with no power. In doing so, Tricky Dicky and Kissinger created the conditions which saw Pol Pot and his butchers come to power, and then proceed to murder something like a fifth or more of the country’s people. Pilger also notes that the western condemnation of the Khmer Rouge was blunted by the fact that after they treated into the forest, the West still had an alliance with them and supported them against the Chinese.

However, his coverage of the Cambodia atrocities also brought out British people’s generosity. He describes how the documentary resulted in £50 million being raised for Cambodia and its people. And this was unsolicited. He describes how Blue Peter organised children’s bring and buy sales. He tells how the money raised was used to build factories to make the goods people needed, including clothes. One of the weird orders of the regime was that Cambodians could only wear black, and so there was a demand for normal coloured clothes.

Then on to Nelson Mandela. Pilger points out that Mandela wasn’t a saint, as he himself admitted. ‘It wasn’t the job I applied for’, said the first democratically elected president of South Africa. Pilger got in trouble because he asked Mandela an awkward question about nationalisation. The ANC’s ‘Charter for Freedom’ stated that they were going to nationalise industry, or at least the major sectors, such as mining. Pilger, however, got Mandela to admit that they were going to keep everything in private hands, which directly contradicted the Charter.

Pilger goes on to link this with the continuation of apartheid, albeit in a different form. While race-based apartheid had fallen and been dismantled, a class-based apartheid continued, in which the masses still lived in grinding poverty. Pilger states that, while the ANC had previously been respected, it has now become the subject of hatred and contempt. He also makes the point that Mandela’s accession to power allowed many White liberals to cling on to their power and position.

The next clip is from a piece of domestic reporting Pilger did here in the UK. It’s from a programme he made, following the life and work of Jack, a worker in a dye factory, in which the documentary makers met his family, and recorded his opinions. Pilger states that, while there are more diverse voices heard in the media now, the lives of ordinary, working people are generally ignored and the media is very much dominated by the middle classes. He describes how interesting and revealing it was just to follow the man around, listening to him talk about his life and work.

The last clip is of him taking a female spokesperson from the Beeb to task for its apparent bias against the Palestinians. He asks her why the BBC is content to interview the Israeli spokesman, Mark Regev, armed with the whole battery of Israeli functionaries ready to give the official Israeli view, but haven’t found someone of a similar level, who is able to articulate the Palestinian position with the same clarity and authority. The Beeb spokeswoman replies that the Corporation has tried to find someone to speak for the Palestinians, but they can’t be responsible for choosing their spokespeople for them. Pilger uses this clip to point out how the mainstream media acts as propaganda outlet for the establishment, in a way which RT doesn’t. He also makes the point that Regev is now the Israeli ambassador.

Never Mind the Titles of Her Books, the Slave Auctions Show What Hilary Really Thinks of Africans

This came to me the other night, after I’d already posted one rant about Killary. But even if it’s a bit too much coming after the earlier posts, I still think it’s a valid point worth making.

Killary was going around the world last month trying to flog her book, What Happened?, in which she tried to blame everyone else for losing the election to the orange racist. It was all the fault of RT and Putin, WikiLeaks, Bernie Sanders, Jill Stein, misogynist men and ‘treacherous’ women. And not because she herself was a greedy, corporatist warmonger, determined to keep Americans poor and deny them a proper welfare state, with free healthcare, because she’s in the pocket of Wall Street and the other big corporations. Nope. It had nothing to do with any of that.

Killary was Obama’s Secretary of State when he sent the bombers in to level Libya and aid the Islamist rebels in overthrowing Colonel Gaddafi. Gaddafi was a brutal dictator, no question – but under him the country was free from foreign domination. It was the most prosperous country in Africa, and its people had the benefit of free healthcare and free education. And while Gaddafi had no qualms against using the Islamists to assassinate his rivals in Africa and the Arab world, he kept them on a very short leash. They could not try to spread their warped vision of Islam in Libya, and attempts by them to interfere in Libyan politics were very definitely not tolerated. Gaddafi’s own ideology was a mixture of Arab socialism and Islam, but it was in many respects a modern, secular state where women enjoyed a greater degree of freedom and equality than elsewhere in the Islamic world.

All that was destroyed when the Islamists took over. There are now at least two parliaments in the country, which is split by civil war. And this week I’ve posted several stories about the revelation that the Islamists have been holding auctions of Black African migrants as slaves. When they haven’t massacred them, along with other Black Libyans. Whole Black towns have been massacred. One of these was Tawergha, which had 40,000 people.

But when Gaddafi was overthrown, Killary was giggling about it. ‘Yeah, we got him!’ she enthused. There are photos of her with the Islamists holding up a sword with one of them. That’ll come back to haunt America, just as the Islamists Reagan and Thatcher proudly promoted as our friends in the fight against the evil Soviet Empire morphed into al-Qaeda, and launched 9/11. The Islamists aren’t our friends, and are the enemies of every civilised person on this planet – non-Muslim and Muslim.

It also helps put the lie to the image Killary was trying to promote twenty or so years ago as a modern, non-racist woman fully comfortable with American multiculturalism. Back when her husband was doing his best to run the country according to the principles of Ronald Reagan, rather than FDR, she wrote her own book outlining her political philosophy.

It was called It Takes A Village, and was her attempt to present herself as a font of folksy wisdom. At the centre of the book was her daughter, Chelsea, and the book was about how she and Bill cared for her, and how they intended to give her nice, positive, left-ish values. It supposedly took its title from an African proverb: ‘It takes a village to raise a child’, thus showing the Clinton’s collectivism and commitment to benefiting everyone. It was also, you may bet, given the title to show how anti-racist she was, how pro-Black and fully integrated into the global village Marshal McLuhan used to bang on about. Never mind the fact that Africans and western experts in African cultures have never heard of the proverb. You can imagine Hillary thinking how this would present her as the embodiment of Black ‘earth mother’ wisdom, like some of the images of the strong mothers in the projects, trying to raise their kids well in spite of grinding poverty, absent fathers and the looming threat of gang culture and violence. No doubt she also saw with the title an opportunity to get on one of the shows presented by Black female celebrities. You know, like Oprah Winfrey. Or perhaps an appearance with Whoopie Goldberg. I’m not sneering at either of these two celebs. They’re great presenters and performers, who’ve given a lot of people a lot of pleasure. The only person I’m sneering at here is Hillary. Because it looks opportunistic and very cynically calculated.

Private Eye more or less said so at the time when they reviewed the book. And I think they’re right. Hillary started her career as a ‘Goldwater Girl’, supporting the pro-Segregation candidate Barry Goldwater. In the 1990s she talked about the threat of ‘super-predators’ at the time when it was almost solely used to describe young Black men. She also framed the drugs legislation that resulted in a massively disproportionate number of Black men going to the slammer for drugs.

And now there’s the revelation that the Islamists she backed have been murdering and enslaving Blacks. And that CNN knew about it all three years ago, but kept silent, because they’re reporters were embedded with the same terrorist groups.

Which raises the question: did Hillary know? It’s hard to believe that, as Secretary of State, she didn’t. Or if she didn’t, she dam’ well should have known. She was in charge of giving them support. She would – or at least should – have been briefed about what these characters are like. It wouldn’t have been hard. There are a fair number of scholars of Islam, both Muslim and non-Muslim, who could have told her exactly what they were like, as well as ulema – Muslim clergy – who could have told her how the Islamists violate the precepts of their religion.

But clearly, she didn’t want to know. All she cared about was getting Gaddafi out. This was because he’d defied the American Empire, and was going to jettison the petrodollar for the Gold Dinar. America wouldn’t be able to use the profits from the oil industry to refinance its debts, and the whole country would go bust. Plus, the Republicans’ friends in Likud wanted Libya destroyed, along with six other African and Middle Eastern nations.

And so Killary has shown herself quite willing to turn a blind eye to the horrors committed by these monsters. Well, what could the world expect from the woman, who stood on her soapbox at the presidential debates, and raved about how happy she was to know, and go on holiday with Henry Kissinger. Yeah, Kissinger. The man who’s rightly been described as the world’s biggest unindicted war criminal, responsible for the spread of Fascism, bloodshed, mass murder and torture across Latin America and South Asia.

Never mind the title of her book. Killary has harmed Black Americans, and promoted the murder and sale of Blacks in Africa.

The Coalition and the banks: wingman turns inquisitor

Published by Anonymous (not verified) on Thu, 30/11/2017 - 11:42am in

Tags 

banks

What is it with banks? The Coalition began dismantling the rules Labor had put in place to protect the public from them within weeks of taking office.

The task fell to Arthur Sinodinos, a former chief of staff to prime minister John Howard who had come to parliament from the National Australia Bank.

Labor's Future of Financial Advice Act banned conflicted remuneration (bonuses for tellers and other staff who steered customers towards profitable products) and imposed an overarching obligation on financial advisers to act in the "bests interests" of their clients.

Sinodinos said the "best interests" requirement would go. Bonuses would still be allowed under certain circumstances. Also out would be requirements that financial advisers inform existing customers how much they are removing from their accounts in the form of commissions, and to ask them to renew the arrangement every two years. They were "burdensome red tape".

When Sinodinos stepped aside to give evidence to the NSW Independent Commission Against Corruption on another matter, acting minister Mathias Cormann took up the case. The first letters informing customers what they were paying in commissions were just about to go out when, while the parliament wasn't sitting, Cormann had the Governor-General gazette a regulation that removed the requirement, a regulation that couldn't be disallowed until parliament next sat and it had been tabled, something he delayed as long as possible.

He gazetted the regulation on the day a Senate committee headed by Nationals senator John Williams found that the financial planning division of the Commonwealth Bank had engaged in "forgery and dishonest concealment of material facts" and called for a Royal Commission.

Later Fairfax Media and the ABC revealed that commission-based staff at the Commonwealth Bank had been selling life insurance policies with definitions that denied payouts to Australians who had had heart attacks.

In recent months the present minister Kelly O'Dwyer has been making it a priority to disrupt the governance arrangements of the only sector that seriously takes on the banks: the non-profit low-fee industry super funds.

Why has acting as wingman for the banks been so important to the Coalition? It'd be lovely if the Royal Commission found out.

In The Age and Sydney Morning HeraldPeter Martin is economics correspondent for The Age and the Sydney Morning Herald.

He blogs at petermartin.com.au and tweets at @1petermartin.

Poll Shows 58 Per Cent of Russians Would Like Communism to Come Back

This is another great little video from Jason Unruhe of Maoist Rebel News. I’ve already made my opinion about Mao and Stalin very clear: they were mass murdering monsters, who made their countries great through the deaths of millions of their own countrymen. 30 million + soviet citizens died in Stalin’s purges and gulags. 60 million died of famine and in re-education camps during Mao’s wretched ‘Cultural Revolution’.

Nevertheless, these totalitarian states gave their people some benefits. And it shows in the nostalgia many people across the former eastern bloc feel for the old system. According to a poll by RT, 58 per cent of Russians said they would like the Soviet Union to return. 14 per cent stated it was quite feasible at the moment. Forty-four per cent said it was unfeasible, but desirable. 31 per cent said that they would not be happy even if events took such a turn. And 10 per cent could not give a simple answer to the question.

Unruhe then goes into the reasons why so many Russians want the USSR back. He points out that the majority of Russians are not Communists, do not identify with the Communist party and are not members of it. He says it was because there were better jobs, with better pay, far more stability, better vacation times and a higher standard of living. They also had a better infrastructure, which collapsed along with the USSR. He points out that we’ve all seen the images of abandoned, decaying areas which have had their funding withdrawn due to the collapse of Communism. They had a military that the world feared and that the Americans were terrified was going to destroy them all. They also couldn’t be bullied, and they were capable of retaliating in huge ways. Sanctions couldn’t hurt them, and couldn’t destroy their financial system. The Soviet people had a country they could be proud of, and although Putin is pushing Russian independence, he can’t do it nearly to the extent that the old Soviet Union could. And so it actually means something when people, who aren’t Communists, say they’re in favour of its return.

There’s a quote from one of the old Labour thinkers, to the effect that everyone, who believes in human rights must hate the USSR. But everyone, who genuinely has Socialism in his core also admires it.

As I understand it, They old Soviet system was massively sclerotic, with colossal overmanning in industry and enterprises. For example, you couldn’t simply pick up what you wanted at the shops. You had to queue to be served, then pick out what you wanted, and then wait for it to be served to you, and to pay for it. I’ve read of people in architect’s office spending their days transferring figures from one column to another, in what was supposed to be a good job that some people had been working towards for years. Utterly soul destroying.

But at the same time, the state was expected to provide full employment. And it did it, albeit at the expense of quality work. And I’ve no doubt that the pay was better, that people did have better holidays, organised through the trade unions and state leisure organisations. You could go and take a vacation down at one of the spa resorts on the Black Sea.

And everything he says about the Soviet Union’s industrial and military power is also correct. In the 1950s under Khrushchev, the Soviet Union made such rapid advances that the Americans were terrified that they would win, and overtake capitalism as the affluent, consumer society. Didn’t happen, but it would have been brilliant if it had.

And Unruhe is also correct when he says that the Russians were no threat to Europe or the West. They weren’t. After the initial expansion, the apparatchiks and nomenclature in the Communist party were content with simply holding the system together and feathering their own nests with Western goods they brought back from their diplomatic travels abroad.

As for the Russians not being Communists, I can remember being told by Ken Surin at College, who is now a writer for Counterpunch, that there were more Communists in America than the USSR. Having said that, Soviet citizens grew up in an explicitly political environment, where they were indoctrinated with atheism and the ideal of the Communist regime. Some of that is going to sink in, even if they are otherwise alienated from the Communist party.

But the introduction of capitalism under Yeltsin destroyed Communism, and dam’ near destroyed Russia. The economy went into meltdown, so that instead of paying their workers wages, factories paid them in kind. In one firm making sewing machines, they gave their workers those machines.

And the economic meltdown directly affected people’s health. Russia didn’t have a welfare state as such. There was no unemployment benefit, as you didn’t need one. Unless you were a subversive ‘parasite’ and an enemy of the system, the state found you work. But there was a free, state medical service, with more doctors than America. In practice, how well you were treated depended on your ‘blat’ – your clout, leverage, whatever. It was a very corrupt system. But this melted down along with the economy, and doctors started going private. Just as they’re continuing to do under Putin.

As a result, illness rates shot up. In Lukashenko’s Beloruss, which retained the Communist system, people remained as healthy – or unhealthy – as they were before Communism collapsed in the USSR.

And none of this was done for the Russians’ benefit. Oh, Yeltsin hoped that capitalism would improve things in Russia, but it was all financed, once again, by Clinton and the Americans, who poured tens of millions into political advertising.

I’ve already made my own low opinion of Lenin abundantly clear: but he was right in his pamphlet Imperialism: the Highest Stage of Capitalism. Russia, and other less developed nations like it, were held back by global capitalism. They were then. And it’s the same goal now, except that as Killary can’t have her way she’s starting a new Cold War.

Well, millions of Russians want their country back.
And they’re not alone. You can find roughly the same percentage all over the former Communist bloc. The former Soviet satellites hate the Russians, particularly in Poland. But they had a better standard of living, work, and a system that had larger ideals. They were told that they were the progressive vanguard leading humanity to a brighter, better future. Racism was there, but it was frowned on. Women were treated as second-class citizens, but at the same time the state and Marxist ideology was also concerned with their liberation and getting them into masculine jobs.

And some of the old Communist countries weren’t that far behind the West. I’ve read that if you tweaked the stats a little, then economically the old East Germany was about equal, or just behind, the north of England. Which isn’t an advert for Communism, but even less of one for Thatcherite capitalism.

In short there’s a saying going round eastern Europe: ‘Everything the Communists told us about Communism was a lie. Everything they told us about capitalism was true.’

Capitalism isn’t working. And the peoples of eastern Europe know this. It isn’t working here either, but we’re too blinded by the mass media, and the illusions of past imperial greatness, to realise it.

BREAKING: Old MacDonald Homeless After Farm Foreclosure

Published by Anonymous (not verified) on Sat, 25/11/2017 - 10:16pm in

OLD MacDonald’s farm has gone under foreclosure today after failing to make a series of mortgage repayments on the 400 acre site in the state of Missouri, after a court ordered local sheriffs to immediately seize the property, leaving the owner homeless and out on the street. The 78-year-old farmer said goodbye to his remaining livestock before... Read more »

Pages