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Yesterday, the Reserve Bank of Australia lifted the interest rate target for the ninth consecutive time (they didn’t meet in January) claiming that they had to do this to stop inflation accelerating and restoring price stability. Except inflation already peaked in the March-quarter 2022 as a result of the driving factors abating. Further, none of the major driving factors are remotely sensitive to domestic interest rate movements. The RBA’s excuse is that there are dangerous domestic demand pressures that need to be curtailed. Except the evidence for that claim is lacking. Most of the demand measures are in retreat. So what gives? Well there is a massive income redistributing being engineered by the RBA from poor to rich and if they keep going unemployment will certainly rise, in part, because the lame Australian government is claiming it has to engage in fiscal restraint to ensure the RBA doesn’t hike rates even more than they are. It would be comical if it wasn’t damaging the prosperity and solvency of tens of thousands of the most vulnerable Australians. Disgraceful.Bill Mitchell – billy blog
“The House on Thursday approved a resolution denouncing socialism in a bipartisan vote that fractured the Democratic caucus.” — The Hill, 2/2/23
“US military fighter jets shot down the suspected Chinese surveillance balloon over the Atlantic Ocean … the operation ended a remarkable public drama that prompted a diplomatic fallout between Washington and Beijing, as the American public tracked the balloon from Montana all the way to the Carolinas.” – CNN, 2/4/23
The New York Times called it a “mystery,” but the United States executed a covert sea operation that was kept secret—until now
The post Seymour Hersh: How the US Took Out the Nord Stream Pipeline appeared first on scheerpost.com.
Cop City Atlanta is a privately funded, local community surveillance campus that has already taken the life of one protestor as a harbinger of the police state on the horizon.
The post The Birthplace of American Dystopia: Cop City, Atlanta appeared first on scheerpost.com.
By Patrick Lawrence / Original to ScheerPost O.K., you have a speech of 7,000–odd words to deliver to Congress. It ought to run about an hour as these things go. But you have nothing to say. Call Joe Biden. He certainly got the job done Tuesday evening. But I am confused as to our 46th […]
The post Patrick Lawrence: No, Joey, It Still Isn’t Morning in America appeared first on scheerpost.com.
Join Lowkey for a special episode with Darin J. Sallam, creator of the Netflix film "Farha". Sallam and Lowkey discuss the Israeli government's efforts to silence the film, which tells the true story of a Palestinian girl's fight for survival during the Nakba.
The post Farha: The Netflix Film the Israeli Government Fears, with Darin Sallam appeared first on MintPress News.
Annexation of the Jordan Valley, which makes up approximately 30% of the occupied West Bank, is back on the agenda with the return of Israeli Prime Minister Benjamin Netanyahu and his right-wing extremist coalition.
The post As Israel Pushes to Annex the Jordan Valley, Is the Threat Already Here? appeared first on MintPress News.