Donald Trump’s presidency would do unmitigated damage to the U.S./U.K 'special relationship,' would be absolutely hostile to British interests, and had to be defeated through Steele’s participation in the Russiagate disinformation campaign."
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Friday, January 22, 2021
Newly declassified documents, the British saw Trump as their "main opponent"
Heisenberger Report — Here’s An Idea: Put People To Work & Print Money To Pay Them
Fauci says it's 'liberating' working under Biden — Jonathan Easley
I can tell you I take no pleasure at all in being in a situation of contradicting the president, so it was really something that you didn’t feel you could actually say something and there wouldn’t be any repercussions about it,” he said. “The idea that you can get up here and talk about what you know, what the evidence and science is, and know that’s it — let the science speak — it is somewhat of a liberating feeling.”...The Hill
Fauci says it's 'liberating' working under Biden
Jonathan Easley
McConnell, Heavily Funded by Wall Street, Is Blocking Seating of Democrats as Senate Committee Chairs — Pam and Russ Martens
Wall Street On Parade
McConnell, Heavily Funded by Wall Street, Is Blocking Seating of Democrats as Senate Committee Chairs
Pam Martens and Russ Martens
Australians could soon be deprived of Google’s ubiquitous search engine, with the web behemoth threatening to cut off service should lawmakers pass a hot-button measure forcing tech firms to cough up revenue to media outlets.Internet growing pains.
As Australian legislators continue to debate the controversial law – which would compel internet platforms to hand over a cut of revenues to press agencies for sharing their content – Google stepped into the fray on Friday, insisting the move would make its operations unfeasible in the country.
Realizing the Dream of Communal Cities: A Conversation with Jennifer Lemus and José Luis Sifontes Cira Pascual Marquina
Spokespeople from one of Venezuela’s flagship communes discuss the building of a communal city and the path towards Chávez’s communal state.…
I believe that it is very important to understand that Bolivarian socialism is built from below, from the bases. It is not imposed by decree, and that is why it must express itself as a government that responds to the interests of the people.
The communal government – constituted by the people, by the pueblo, by the spokespeople of the communal councils and the communes – will create communal cities with an even wider horizon: the new communal state.
In other words, the communal city cannot be understood as an end in itself. The communal city is part of a progressive process. After that comes the grouping of various communal cities, the confederation of communes... and all this will give birth to the new communal state, which is the strategic objective! ...
Venezuelanalysis.com
Realizing the Dream of Communal Cities: A Conversation with Jennifer Lemus and José Luis Sifontes
Cira Pascual Marquina
The Next Neoliberal President… — Thomas Neuburger
Naked Capitalism
The Next Neoliberal President…
Thomas Neuburger
Biden’s ‘Secretary of State for regime change’ indicates no change in U.S. foreign policy
Originally published: The Morning Star (January 20, 2021)
President Biden’s New Administration, Old Aggression
Biden Administration Set to Challenge Russia Across the Southern Caucasus, Sitnikov Says
Why START.
Andrei Martyanov
Russiagate Ain’t Over
Lars P. Syll — How Richard Posner became a Keynesian
Judge Richard Posner used to be a hard-nosed Chicago School jurist and legal theorist. Until he actually read the General Theory. While this is old news, it is worth rereading and if you haven't seen it yet, reading for the first time.
Lars P. Syll’s BlogHow Richard Posner became a Keynesian
Lars P. Syll | Professor, Malmo University
Ding Zhen and the Myth of the True Khampa Man — Xu Jun
The first is that the Chinese are learning to capitalize their rich cultures, for example, through adventure tourism.
The second is that they have their own "cowboy" myths, which some of the subcultures fit very well. This post is about one of them.
Sixth Tone
Ding Zhen and the Myth of the True Khampa Man
Covid cases rolling over
Good sign here... and that this is happening in middle of winter.... maybe mRNA vax on top of antibodies finally disrupting transmission... I’m assuming this is opposite of what is happening in Europe...
Virus case growth now declining in 46 states … 42 of them have seen 7d case average fall > 10% from prior week; for U.S. overall, 7d average is -20% from week ago @COVID19Tracking @Bloomberg pic.twitter.com/V7LOwujb5Z
— Liz Ann Sonders (@LizAnnSonders) January 22, 2021
Thursday, January 21, 2021
Galileo’s Dialogue
Galileo’s stuff apparently was presented as dialogue in 1632.... nothing changed for centuries.... still riding horses for centuries.... slave labor..., .. obviously didn’t work... dialogic method still doesn’t work today... but Art Degree people keep trying to employ it expecting a different result...
Deconstructing the Dialogue! Galileo's Masterpiece: On Two Chief World Systems 🔭 https://t.co/fQVhZyIIru pic.twitter.com/4I00TIIu8U
— Brian Keating 🔭 (@DrBrianKeating) January 20, 2021
Why Russia & Belarus Are Not Irrational to Fear Another ‘Operation Barbarossa’ — Eric Zuesse
Strategic Culture Foundation
Why Russia & Belarus Are Not Irrational to Fear Another ‘Operation Barbarossa’
SouthFront — After 12 Years Of Deliberations, ECHR Concludes Georgia Began Hostilities Against Russia In August 2008
The European Court of Human Rights (ECHR) has declared unfounded the accusations of Georgia against Russia in connection with the events of August 2008 in South Ossetia, the press service of the Russian Ministry of Justice reported.
It is noted that on January 21st, the decision of the Grand Chamber of the ECHR on the interstate complaint “Georgia against Russia (II)” was published, the subject of which is the events of August 2008 in South Ossetia and their consequences.
The Court asserted that since August 12, 2008, “strong Russian presence and the South Ossetian and Abkhazian authorities’ dependency on the Russian Federation indicated that there had been continued “effective control” over South Ossetia and Abkhazia.”
After almost 12 years of trial, the ECHR ruled that Russia should not be held accountable under the Convention for the Protection of Human Rights and Fundamental Freedoms for incidents that occurred when Russian servicemen repulsed an attack by the Georgian army on the peacekeeping contingent and local civilian population during the events in South Ossetia.
The court also did not support Tbilisi’s statements about the alleged invasion of the Russian army into the territory of South Ossetia on August 7, 2008, that is, the day before the start of the Georgian aggression.
As Russian Deputy Minister of Justice Mikhail Halperin noted, Georgia tried to prove that the European Convention on Human Rights is applied not only in peacetime, but also during hostilities, which contradicts the foundations of international humanitarian law.…
The ECHR has also established numerous violations of the Convention by Russia and ruled: …
As such, despite years of accusations by the US and Co., it was established that Georgia was actually the side that began the hostilities that led to the two-day war of 2008 between Tbilisi and Moscow.SouthFront
After 12 Years Of Deliberations, ECHR Concludes Georgia Began Hostilities Against Russia In August 2008
Book Review: The Making of US Empire at the Dawning of Its End — Pepe Escobar
As the Exceptional Empire gets ready to brave a destructive – and self-destructive – new cycle, with dire, unforeseen consequences bound to reverberate across the world, now more than ever it is absolutely essential to go back to the imperial roots.
The task is fully accomplished by Tomorrow, the World: The Birth of U.S. Global Supremacy , by Stephen Wertheim, Deputy Director of Research and Policy at the Quincy Institute for Responsible Statecraft and a research scholar at the Saltzman Institute of War and Peace Studies at Columbia University.
Here, in painstaking detail, we can find when, why and especially who shaped the contours of US “internationalism” in a roomful of mirrors always disguising the real, ultimate aim: Empire.
Wertheim’s book was superbly reviewed by Prof. Paul Kennedy. Here we will concentrate on the crucial plot twists taking place throughout 1940. Wertheim’s main thesis is that the fall of France in 1940 – and not Pearl Harbor – was the catalyzing event that led to the full Imperial Hegemony design.
This is not a book about the U.S. industrial-military complex or the inner workings of American capitalism and finance capitalism. It is extremely helpful as it sets up the preamble to the Cold War era. But most of all, it is gripping intellectual history, revealing how American foreign policy was manufactured by the real flesh and blood actors that count: the economic and political planners congregated by the arch-influential Council on Foreign Relations (CFR), the conceptual core of the imperial matrix....
Pompeo’s Last Stand
New on Venezuelanalysis
Venezuela: Biden to Endorse Guaido After Trump Issues Parting Sanctions
Ricardo Vaz
A Reminder from Berlin — Peter Radford
I would not lay the issues entirely at the feet of economics, but Peter Radford has a point worth considering.
As I have been saying, it is impossible to approach most interesting and important issues in life with without a systems view, which necessitates improving this view with feedback as the natural sciences do.
Conventional economics pretends to be a natural science but has no comprehensive systems view of a subject matter that is social and political as well as economic. The result is as Peter Radford asserts. Disaster.
BTW, the MMT approach doesn't fix this either since it is analysis of a narrow subject matter. It lays a foundation but a superstructure needs to be built on that foundation of institutional analysis of monetary production societies (note: not "economies").The Radford Free Press
The dominance of Big Tech and other ‘superstar’ firms’ has put market power back on the agenda of politicians, as well as in research. But although oligopoly markets have been introduced in macroeconomic and trade models, this is mostly in the context of a very large ‘continuum’ of sectors such that a firm has market power in its sector but no influence on the wider economy. This column argues that it is high time that oligopoly is integrated fully into the macroeconomics toolbox.Xavier Vives must have tenure.
Originally published at VoxEU
Tech Companies Worry About Becoming Targets
Ashley Gold
More violence scheduled
Hey left morons there are new assaults imminent! Better get on it!!
WWE announces fan attendance at upcoming Wrestlemania. Great stuff... https://t.co/PrVoSY6O5j
— Steve Cortes (@CortesSteve) January 21, 2021
Wednesday, January 20, 2021
Macho Man threatens the Hulkster
Hey you idiot left guys here better warn the Hulkster that Macho Man is threatening his safety here! Get on it looks serious!
The Day of Reckoning
Politico
Trump leaves QAnon and the online MAGA world crushed and confused
Tina Nguyen and Mark Scott
BuzzFeed
QAnon Faithful Believed Biden Would Never Be President. Now They’re Shocked, Heartbroken, And Angry.
Paul McLeod
The Guardian — World
QAnon's 'Great Awakening' failed to materialize. What's next could be worse
Julia Carrie Wong
Also
The Vineyard of the Saker
Zone B exists, thus there is hope, I promise you!
The Saker
Also
Sic Semper Tyrannis
Larry Johnson: Why Doesn't the Republican Establishment Understand the Meaning of Betrayal
Also
The Hill
McConnell faces conservative backlash over Trump criticism
Jordain Carney
Links — 20 Jan 2021
The Decades-Old Move That Got the CCP Through the COVID-19 Crisis
Zhou Kai
Navalny is a power-hungry, unpopular politician: not Russia's Mandela
Ironic
Paul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa
Oilprice
Western Companies Abandon Russia-Led Nord Stream 2 Project
Tsvetana Paraskova
Progress in Political Economy (long)
Revisiting Neoliberalism and Democracy in a Time of Crisis
David Primrose
An Open Letter to President Biden
Full text: Joe Biden inauguration speech transcript
The Week
Biden's inaugural poet wants to run for president in 2036
Jeva Lange
‘Really quite shocking’: Inside the ugly transition at the Pentagon
Lara Seligman and Bryan Bender
World Economic Forum
Half of those surveyed are unaware of the link between climate change and diseases like COVID-19
Natalie Marchant
'I'm the laughing stock of my family': QAnon believers implode as they watch Biden getting sworn in
The Internet Versus Democracy — Stephen S. Roach
More paradoxes of liberalism. What happens when freedom is not balanced by responsibility and rights with duties? It's increasingly on display in the US.
The Internet Versus Democracy
Stephen S. Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia
See also at PS
Without realizing it, Jeffrey Sachs pits a particular view of liberalism against various traditionalisms, assuming that liberalism is a quasi-religious dogma*, whereas many traditionalisms are based on actual religious dogma. For example, he speaks critically of Vladimir Putin's support of the Russian Orthodox Church. Moreover, a significant portion of Donald Trump's most focal supporters were Christian Evangelicals that also support Israel's hard-right government.
Marxism was similarly fashioned as a secular replacement of the religious-based political system in Europe, which was then transferred to Russia, where the Russian Orthodox Church held sway, and also to China, where Confucianism was predominant. Since then Putin has made peace with the Russian Orthodox Church and Xi with Confucianism.
The events at the US Capitol earlier this month echo important moments in history where rioters protesting the state include former veterans and political heroes. This column uses novel evidence on extreme right-wing supporters and Nazi collaborators in France to show how democratic values can be undermined by exogenous networks of influential individuals, including military heroes. Heroes are specially positioned to widen the ‘Overton window’ and legitimise views previously considered deeply repugnant. Social networks of individuals sharing such an identity can transmit and reinforce this influence, leading to escalating commitments that entrench political positions and make debiasing more difficult.The good old Overton window.
VoxEU
Heroes and villains: How networks of influential individuals helped destroy one of the world’s most durable democracies and legitimise a racist, authoritarian stateJulia Cagé, Anna Dagorret, Pauline Grosjean, Saumitra Jha
Same-o, same-o. The more things change, the more they remain the same.
Reuters
Biden will recognize Guaido as Venezuela’s leader, top diplomat
RT — Alibaba’s Jack Ma issues video message, ending nearly 3-month ‘disappearance’ after a run-in with Chinese regulators
Chinese businessman Jack Ma has appeared via video link, delivering a speech at an awards event for rural teachers, weeks after the Alibaba co-founder disappeared from public view, following a dispute with regulators.
The high-profile entrepreneur delivered a virtual address during the Jack Ma Rural Teachers Award ceremony on Wednesday morning.
China’s entrepreneurs must help to promote “rural revitalization and common prosperity,” Ma told the group of educators, adding: “We'll meet again when the [Covid-19] epidemic is over.” The state-run Global Times published a 50-second clip of his remarks. The Jack Ma Foundation confirmed that the businessman had taken part in the ceremony, an annual event started in 2015 that honors educators in rural areas.
RT
Alibaba’s Jack Ma issues video message, ending nearly 3-month ‘disappearance’ after a run-in with Chinese regulators
First Asian-American VP
First Asian-American, in addition to being the first Black and female, American vide-president.
"Kamala" means "lotus-flower" in Sanskrit and Prakrit (derivative) languages.
Sputnik InternationalKamala Harris' Ancestral Village in India Decks Out in Festive Colours Ahead of Her Swearing-in
Indian village cheers for Kamala Harris before US inauguration
Photos: Indians root for Kamala Harris, next US vice president
Blinken’s diplomatic cart will have a bumpy ride — M.K. Bhadrakumar
Blinken acknowledged that the US must set an example at home on what it preaches abroad. He also stressed the need for “humility”. But he insisted nonetheless that the US’ global leadership “still matters” since the world is incapable of organising itself “when we’re not leading,” as some other country may usurp America’s lead role impacting “our interests and values”, or, simply, chaos may follow!Got that? "Delusional." His word, not mine.India Punchline
Now, that’s an extraordinary boast so soon after the Capitol Riots whose leitmotif was Chaos in capital “C”. Blinken made a laughable claim. But it also betrays delusional thinking. At any rate, Blinken has pledged to “revitalise American diplomacy” and address the challenges of “rising nationalism, reseeding democracy, growing rivalry from China, and Russia and other authoritarian states, mounting threats to a stable and open international system and a technological revolution that is reshaping every aspect of our lives, especially in cyberspace.”
Blinken’s diplomatic cart will have a bumpy ride
M.K. Bhadrakumar | retired diplomat with the Indian Foreign Service.
So, what is MMT? — Richard Murphy
Tax Research UK
So, what is MMT?
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
Bill Mitchell — The pandemic is demonstrating that we can resist neoliberalism
Bill Mitchell – billy blog
The pandemic is demonstrating that we can resist neoliberalism
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
MR Online
Capitalism and the Telos of the Neoliberal Civilizing MissionOriginally published: Legal Form by Jessica Whyte (January 14, 2021)
We are witnessing a bizarre situation. One comes across instances where consumers want growing of food crops for supplying to the public distribution system, while producers, lured by the apparent gains of shifting to cash crops, are reluctant to do so. The government has to mediate between these conflicting interests. But in India at present, the farmers have no desire to shift from food crops, even as consumers want food crops to be supplied through the public distribution system. There is no conflict of interest among them that the government has to mediate between. And, yet, it is imposing a shift on farmers from food to cash crops that would destroy the public distribution system.
Such a shift is precisely what the agricultural legislations aim to bring about. Government economists defending the laws have been emphasizing the benefits of such a shift. The government here is not mediating in a conflict of interests among the people; it has, apparently, its own interest, which it is imposing on the people, on farmers and consumers alike, against which the farmers are agitating in the bitter cold of Delhi. It is a bizarre case of government versus the people at large, not people versus people.
Likewise, the farmers are unanimous in rejecting contract farming; and, yet, the government is pushing contract farming through these bills, ostensibly in the farmers’ interest. Again, it is a case not of the government responding to the demand from any section of the people; it has apparently its own interest which it is imposing on the people.
But what could be its own interest?...Neoliberalism.
While it is obvious that its own interest coincides with the interest of corporates and international agribusiness, the government’s answer would be that it is upholding the ‘national interest’. Corporate interest is thus identified with ‘national interest’. This has been the hallmark of the Narendra Modi regime, and it is symptomatic of the Corporate-Hindutva alliance of which Modi is the architect and which keeps him in power....The patriots
Prabhat Patnaik | Indian Marxist economist and political commentator, Professor (retired) at the Centre for Economic Studies and Planning in the School of Social Sciences at Jawaharlal Nehru University in New Delhi (1974-2010) and formerly vice-chairman of Kerala State Planning Board (2006-2011)Originally published: Telegraph India (January 13, 2021)
“Women will continue to lead the struggle against farm laws”
How American Bankrupted its Cities - The Growth Ponzi Scheme
This is the 3rd video in the Strong Towns series, and is probably the most important core topic: the fact that American car-dependant cities are financially insolvent, and function like a Ponzi scheme. This is the reason most American cities are bankrupt.
Tuesday, January 19, 2021
You Can’t ‘Just Build Your Own Twitter’ — Robert Mariani
We’re seeing the beginnings of what unambiguous power looks like. Corporate donors are dropping the GOP, throwing away an intimate, decades-long DD/lg relationship. But perhaps more important is the wave of unprecedented internet censorship that included the digital death penalty for Trump and his allies, and also for any users who continue to make claims of election fraud. This was seemingly coordinated among the entire now-private public square, and private companies are of course allowed to do whatever they want.The American Conservative
Average Joe might feel like he’s living on the edge of a knife. Don’t like it? Why not just create your own social media website that competes with Twitter in moderation policies? This is America, right?
But to make an apple pie from scratch, you must first invent the universe. Here are the interconnecting layers of the internet that you’ll need to recreate yourself....
You Can’t ‘Just Build Your Own Twitter’
Links — 19 Jan 2021
Julia Manchester
Trump's Farewell Address: 'Especially Proud' to Be 1st President 'in Decades' With 'No New Wars'
The Last Refuge
President Donald J Trump Delivers a Farewell Address – Video and Transcript
McConnell Sparks GOP-Split Talk, Claims "Mob Was Fed Lies...Provoked By Trump"
Tyler Durden
"The mob was fed lies": McConnell says Trump "provoked" Capitol mob
Ursula Perano
AlterNet
Trump's 'dereliction of duty' on January 6 underscores his 'insurrectionist intentions': conservatives
Alex Henderson
Congress Must Defend the Constitution: Convict, Disqualify, Investigate and Sanction
Will Wilkinson
US secretary of state [Mike Pompeo] on last day in office equates 'wokeness' with totalitarianism
David Mack, Ryan Mac, Ken Bensinger
FBI: Woman Who Stole Pelosi’s Laptop May Have Tried To Sell It To The Russians
Politico
Feds preparing to charge woman with felony theft of laptop from Pelosi’s office
Kyle Cheney
Axios (the consequences of leaving a trail)
The FBI is tracing a digital trail to Capitol rioters
Sara Fischer
FBI Vetting Leads to Removal of 12 National Guard Members From Inauguration Duty
AlterNet
New report reveals multiple GOP lawmakers sought pardons for their roles in the Capitol riot
Alex Henderson
The Hill
Virginia police accused of seizing only Black protesters' firearms at pro-gun event
Zack Budryk
The acting Capitol Police chief’s tough task
Maya King
The Hill
Trump seeks to box-in Biden with executive actions
AlterNet
Joe Biden is about to inherit a Trump-style 'deep state': reporters
Alex Henderson
Slate
After Alleging Election Fraud, Opposition Faces Persecution in Uganda
The Perpetual War Paradigm Can’t Ensure Against the Prospect of Revolution in the Imperial Core
Biden Inaugural Guest Is Venezuelan Coup Leader Charged With Inciting Violent Assault on Gov’t Building
Joe Biden Lifted His Health Care Plan From Insurance Industry Lobbyists
Andrew Perez
Even Though Biden Won, Republicans Enjoyed The Largest Electoral College Edge In 70 Years. Will That Last?
Geoffrey Skelley
The Hill
GOP Rep Marjorie Taylor Greene referred to Parkland school shooting as 'false flag' event on Facebook
Lexi Lonas
Marx As A Reader Of Dickens
Gavin Edwards
Political Posturing [and Inflation] — Brian Romanchuk
I am in awkward position with respect to political economy. I believe it is important, but do not like writing about it. (This can be explained that my unusual political biases probably only make a handful of people happy, which is not a great marketing strategy.) However, if we want to talk about the multi-year prospects for inflation, we need to dip into politics....Bond Economics
Political Posturing
Brian Romanchuk
The "China threat" to US global dominance in the Biden Adminstration
Although [incoming Secretary of State Antony] Blinken acknowledged US President Donald Trump was "right in taking a tougher approach to China," he stressed that he "very much" disagreed with the manner in which the president went about the matter.Sputnik International
"The basic principal was the right one," he remarked.
The nominee also informed the Senate Foreign Relations Committee that there is a strong enough foundation in place that could help to build a bipartisan policy on China....
There Is 'No Doubt' China Poses Most Significant Challenge to US, Blinken Says
The Joe Biden administration has already made its intentions clear about reversing, through a series of executive orders, some of the policies of the Trump administration. The new regime is well poised to reverse the over-all course of the previous regime. This includes not only domestic policies, but foreign relations as well. During the Trump era, China was the main focus of Washington’s global “trade war.” While the Democrats did criticize this war, their disagreement was only over war tactics and not the war itself. They agreed in principal that the US does need to counter China. It is, therefore, logical to see the Biden administration returning with a new strategy to tackle the rise of China. The new strategy, however, is not really ‘new’; it is only a return to the Obama era “Asia Pivot” policy, an idea that involved a major shift in the way the US would previously position itself in the Indo-Pacific region. It involved an enhanced military and naval deployment in this region and proposed to counter China militarily. “Asia Pivot” was to serve as the linchpin of US presence in the region. It was as much about countering the ‘China threat’ as about maintaining US supremacy....What is wrong with these people, off on another fools errand that will further weaken the US position in the world. No one is fooled by selective faux outrage over "human rights," or "American exceptionalism", or the "superiority of Western civilization" as anything but subterfuge for projection of power and world domination.
Joe Biden’s “Asia Pivot 2.0” is Already Here
Baghdad on the Potomac: Welcome to the Blue Zone — Pepe Escobar
The season opening of the Joe and Kammy Regime Change Show could not be a more appropriate roomful of mirrors reflecting the self-described US “political elite”.In short, karma is a bitch.
During the 2000s, I came face to face with Baghdad’s Green Zone multiple times. I always stayed, and worked, in the hyper-volatile Red Zone – as you may check in my 2007 book Red Zone Blues.
We knew then that blowback would be inevitable.
But still, we could never have imagined such a graphic simulacrum: the Green Zone fully replicated in the heart of imperial D.C. – complete with walls, barbed wire, multiple checkpoints, heavily armed guards.
That is even more significant because it ends a full “new world order” geopolitical cycle: the empire started bombing – and cluster bombing – Iraq 30 years ago...
Momentum: A Week in China, by Godfree Roberts — Godfree Roberts
I edit a newsletter for the 22,000 US companies doing business in China, covering the economy, trade, society, governance, geopolitics, health, BRI, defense, and current events. Opinion pieces provide perspectives usually absent from our media. In the process of assembling each issue, it dawned on me that the Chinese accomplish more in an average week than do we in a year. Let me show you what I mean:China rising. The dragon flexs its wings.
China's 2020 per capita disposable income doubles from 2010 level
No limits for Russian-Chinese cooperation, says Beijing
Sputnik International (Welcome to La-La Land)
Here We Go Again: Hillary Clinton, Pelosi Allege Trump Orchestrated Capitol Riot on Putin's Orders
UK and USA Riven With Hatred and Division
Unprecedented Military Presence Prior to Joe Biden's Inauguration Ceremony
US Reportedly Prepares to Face World of ‘Growing Rivalry With China, Russia’
Uganda Accuses US of Trying to Undermine Presidential Elections
Joe Biden’s Pick of Victoria Nuland Means Relations with Russia Could Get Worse
Bill Mitchell — Comical claims by mainstream economists that the facts have changed
Last week, I wrote this blog post – OECD is apparently now anti austerity – warning, the leopard hasn’t changed its spots (January 12, 2021) – which warned against accepting the idea the growing number of mainstream economists, who were now advocating fiscal dominance, was evidence of a fundamental shift in New Keynesian thinking about macroeconomics. The reality is that they haven’t really shifted much at all and Max Planck’s postulate that paradigms shift one funeral at a time remains true. There are very few cases where the senior members of a dominant paradigm, voluntarily abandon their views when the evidence becomes overwhelmingly against them. They iterate, they declare ad hoc anomalies, they try to voice ideas that a new rival paradigm is articulating which resonate better with the data. This sort of strategy is common across academic disciplines which are under assault from a combination of poor predictive performance (data incongruity) and the arrival of a more convincing alternative paradigm. It is in full swing in macroeconomics now. But don’t believe these characters are suddenly accepting Modern Monetary Theory (MMT) and realising their previous belief system was never a sound way of characterising our fiat monetary systems. If you dig you discover these characters remain charlatans and will do almost anything to maintain their status as the dominant economists....
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
The Core Significance of Taxation and Currency Sovereignty in a Nutshell — Peter Cooper
A government with the authority to tax can ensure acceptance of a particular currency. By nominating a currency in which income and wealth are to be assessed, and imposing taxes that can only be paid in the nominated currency, the government establishes a demand for the currency.
This is true whether the government issues its own currency or instead adopts a currency issued by some other entity.
But a government that adopts somebody else’s currency is reduced to the status of mere currency user and, as a consequence, faces financial constraints similar to those that bind private households and firms....
Succinct statement of fiscal power arising from currency user holding currency monopoly and exercising it for public purpose. As long as government stays within the bounds of available real resources and doesn't generate price pressure, price stability would not become an issue.
This understanding could be the basis for national policy such the American School developed by Alexander Hamilton and later Friedrich List, for example. However, the world no longer being on a metals standard, the need for tariffs would be simply for protection of national assets, e.g, national self-sufficiency in vital areas or developing sectors.
The US could undertake a managed industrial policy explicitly, although it already does to an extent, for example, through military spending that flows to private firms and then on into the economy. Then, there is also DARPA.
For example, the US could take advantage of the economic truism that imports are real benefits at full employment by picking up the slack in employment owing to importing embedded labor through employment creation programs including a universal employment guarantee to mop up residual unemployment and provide work during transition.
China is now using a modification of this economic policy that America used during its developmental stage. However, China does not let its currency float freely but rather manages its value relative to the dollar, which limits Chinese economic policy to some extent.
Russia, on the other hand, floated the ruble when it initially came under attack by the US to influence its behavior. As a result, US economic warfare was not effective in changing Russian behavior.
Alex Herne - Is Bitcoin a Scam?
The experienced trader might be able to hedge his bets against inflation, but for everyone else, it's too risky, says, Alex Herne.
In 2013 James Howells threw out a computer hard drive containing bitcoin. Last week he again asked his local council for permission to dig for it at his local dump as he believes it is now worth about £200m. The Guardian’s UK technology editor, Alex Hern, looks at the rise of bitcoin and whether it should be banned
The Guardian Podcast
Alex Herne - Is Bitcoin a Scam?
Monday, January 18, 2021
Links — 18 Jan 2021
Despair, depression, and the inevitable rise of Trump 2.0
Chris Hedges interviews Glenn Greenwald
Slate (Russia!)
FBI Investigating if Capitol Rioter Stole Laptop From Pelosi’s Office to Sell to Russia
Daniel Politi
MintPress News (Speading freedom and democracy? No way)
By ‘Force and Fraud’: Is This the End of the US Democracy Doctrine?
Ramzy Baroud
Lavrov: West's Reaction to Navalny Detention Meant to Distract Attention From Crisis of Liberalism
Top Iranian commander mocks Washington as US armed forces on alert for American attackers during Biden’s inauguration
Slate
Dostoevsky warned of the strain of nihilism that infects Donald Trump and his movement
Ani Kokobobo
Axios
Off the rails: Trump mainlines election conspiracies as Oval Office descends into madness
Jonathan Swan
Crooks and Liars
Bill Barr To Trump: Your 'Clownish' Legal Team Is Lying And Your Voter Fraud Claims Are 'Bullsh*t'
John Amato
Axios
Members of House and Senate fear for their safety away from a hardened Capitol
Kadia Goba
Fox News Ratings Plummet After Abandoning MAGA Viewership
Tyler Durden
AlterNet (addressing social collapse. failed state?)
Joe Biden unveils 2 big surprises sending a powerful signal he's pivoting to the left
Globetrotter
Politico (not the national guard. bad sign.)
Pentagon deploys hundreds of active-duty troops for inauguration security
Lara Seligman
Telegram Blocked Hundreds of Public Calls for Violence Last Week, CEO Says
Axios
Dominion sends cease and desist letter to My Pillow CEO Mike Lindell
Off the rails: Inside Trump’s aborted plan to control the CIA
Jonathan Swan
In Defense of Justice in Denver (Full Documentary)
The only people charged over the brutal police murder of Elijah McClain are community activists who organized mass peaceful demonstrations calling for justice. They are facing up to 48 years in prison - among the highest charges for peaceful political protest in recent history.
Iran blames bitcoin miners for blackouts
Iran has launched a crackdown on cryptocurrency miners who it claims are responsible for power blackouts that are blighting the country.
Parts of Tehran, the capital, and the cities of Mashhad and Tabriz have been repeatedly plunged into darkness in recent weeks, causing production lines in industrial areas to grind to a halt.
Tavanir, the state electricity company, has temporarily closed all known cryptocurrency mines, including a huge Chinese-Iranian operation in the city of Rafsanjan that is reported to have been using 175 megawatt hours of electricity, enough to power an average western home for 17 years.
The Times
Capitol put on lockdown after fire reported several blocks away — Morgan Gestalter
A law enforcement official told NBC News that what turned out to be a fire at a homeless encampment prompted the security alert....The Hill
Capitol put on lockdown after fire reported several blocks away
US makes aggressive opening move on Russian chessboard — M.K. Bhadrakumar
A regime change project in Russia was launched on Sunday with the return of political activist Alexei Navalny to Moscow. It was a highly symbolic event — except that Navalny was travelling by an aeroplane from Germany and not in a sealed train [as Germany sent Lenin to Russia]....
Top Kremlin officials had alleged in September that Moscow had definite information that CIA operatives were working with Navalny in Germany. If so, Navalny is a strategic asset that the CIA will not give up easily....
...to be sure, the CIA is all set to make a hyper-aggressive opening move on the Russian chessboard — the Danish Gambit! In the game of chess, the Danish opening usually lasts less than 20 moves as white will either breakthrough and checkmate the king early on or white will fail miserably and be left in shambles. This is not for the faint of heart.
India Punchline
US makes aggressive opening move on Russian chessboard
M.K. Bhadrakumar | retired diplomat with the Indian Foreign Service
Geopolitika
Great Awakening: the future starts now
Alexander Dugin
NAVALNY ‘S COURTROOM WAGER – BIOMEDICAL AND DRUGS EVIDENCE AND ARTICLE 275 OF THE RUSSIAN CRIMINAL CODE
John Helmer
Russia Did Not Receive Results of Navalny's Toxicological Study From Germany, Prosecution Says
Navalny incident artificially acquired foreign policy dimension — foreign minister
Russia Is Serious About Chances Of Nuclear War
The Unwelcome Return of the Real Purveyors of Violence — Ron Paul
No fan of Ron Paul's economics here, but often his political analysis is worth pondering.
The post about foreign policy is anti-Wilsonian and pro-Jacksonian.
The Unz ReviewThe Unwelcome Return of the Real Purveyors of Violence
China's fourth quarter GDP grows 6.5% year-on-year, beats expectations as recovery gains momentum
Rebekah Jones - Whistle-blower
‘Censored By The State Of Florida’: Fired COVID-19 Data Scientist Rebekah Jones Tweets On Day She Is Set To Turn Self In To Face New Charge
The agent told my lawyer there would be only one charge, but emphasized that speaking out or going to the media may result in police "stacking" additional charges. All of this just to silence a critic of a governor who failed to do his job and got thousands killed as a result.
Saying goodbye to my family just now is the hardest thing I've ever done in my life.
I'll tweet #ScienceIsBack when American scientists no longer face jail for sharing information and for criticizing dangerous, anti-science policies and politicians. When doctors aren't being fired for saying their ICUs are filled. When threats against us are taken seriously.
CBS Miami
Sunday, January 17, 2021
Bill Mitchell — US labour market – things are getting worse again as the virus spreads
US Department of Labor’s latest unemployment claimant data is worrying with the claimants in the week to January 9, 2021 rising to 1,151,051 a shift of 231,335. This is the highest level since the week ending July 25, 2020 and confirms what we now know – that unless a nation deals with the health crisis and gets the virus infections under control (preferably to the point of zero community transmission), it cannot hope for a sustainable economic recovery. The data is the result of lockdowns leading to layoffs in the hospitality and recreation sectors which has pushed the US economy back into contraction. The rise in new claimants follows the payroll data that revealed that employment had fallen by 140,000 (net) – see this blog post for analysis of that data release – US labour market recovery has ended as health problem intensifies (January 11, 2021). And given the nature of the employment most impacted, you can be sure that socio-economic inequalities will have risen. I will write about that last issue another day....Bill Mitchell – billy blog
US labour market – things are getting worse again as the virus spreads
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
SOME WHISTLEBLOWERS ARE MORE EQUAL THAN Others, by Maitreya Bhakal
The truth about the early days of COVID-19 in Wuhan. According to Maitreya Bhakal there was no cover-up, and Dr. Li Wenliang was not a whistle-blower. But the MSM used the COVID-19 incident as a way to spread anti-China propaganda.
Mango Press
SOME WHISTLEBLOWERS ARE MORE EQUAL THAN Others, by Maitreya Bhakal
Information War and Color Revolution
While staying in Germany, he promoted his wife, in fact introducing her into active politics. For example, in one of his interviews, he said that his wife has even more radical point of view on the internal political situation in Russia and actively took part in political discussion.SouthFront
Highly likely, Russia may face the implementation of the scenario that took place in Belarus, where the opposition leader Sergei Tikhanovsky was replaced by his wife Yulia. The nomination of a female for the role of opposition leader in so-called “totalitarian” countries is part of a neo-liberal trend that is gaining momentum in the West...
Navalny Detained In Moscow. Belarus-Like Scenario Started?
This was reported by NBC, citing two unnamed FBI officials – one current, one former.
On December 8, 2020, a donor sent 28.15 BTC — worth approximately $522,000 at the time of transfer — to 22 separate addresses in a single transaction. Many of those addresses belong to far-right activists and internet personalities.
Nick Fuentes received 13.5 BTC — worth approximately $250,000 at the time of the transfer — making him by far the biggest beneficiary of the donation. However, several others received significant funds as well, including anti-immigration organization VDARE, alt-right streamer Ethan Ralph, and several addresses whose owners are as yet unidentified.…
The agency [FBI] is investigating whether foreign governments, organizations or individuals provided funding to those that helped plan the riot, according to the news outlet. As part of the probe, the agency is reportedly examining payments of $500,000 in bitcoin by a French computer programmer before the riot.The Hill
The French computer programmer died by suicide shortly after transferring the cryptocurrency, according to french media, NBC News reports.
Yahoo News first highlighted the bitcoin payments on Thursday, which was reported by analysis company Chainanalysis.
On Dec. 8, 28.15 BTC, which was worth $522,000 at the time of transfer, was sent to 22 different virtual wallets, many of which belonged to far-right activists, according to the report....
FBI investigating if foreign actors funded Capitol rioters: report
China Newsbrief and Sitrep — Godfree Roberts
To put the World in order, we must first put the nation in order; to put the nation in order, we must first put the Family in order; to put the Family in order, we must first cultivate our personal lives by setting our hearts right. — ConfuciusThe Vineyard of the Saker
Sputnik — 'Hinduphobic': Netizens & Hindus Outraged Over New 'Tandav' Web Series, Complaint Filed
As I have been saying, liberalism is engaged in a historical dialectic with traditionalism. Here is another instance of it. This is a big deal in India day to day, but the West seldom hears about it, since it is a "family fight."
This is important since the historical dialectic is foundational to the world system, and the world system is now in transition, e.g., from liberal-traditional to ?, from analog to digital, from unipolar to multipolar, from Western-centric to global-centric, from predominantly neoliberal to ?, etc.
The rate of flux is accelerating, and this is increasing uncertainty, which is unsettling. One result in increasing conflict.
BTW, Kenneth Boulding, a forerunner of MMT, transitioned from economics to systems theory and world systems, and focused on conflict and conflict resolution. His work is worth revisiting. MMT economists Randy Wray and Mathew Forstater have written about him. His work is prescient. John Kenneth Galbraith also deserves mention in this regard as an economist. These were "big picture" thinkers. Warren Mosler and MMT economists often speak of "public purpose." That's lifted from JKG's Economics and the Public Purpose (1976). Galbraith was in a position to do something about it too. And they were not game theorists.
Police Reportedly Deploy Water Cannons Against Unauthorised Protest in Amsterdam
IRS working to redirect millions of stimulus payments sent to unused bank accounts
Nice job....yeah let’s get these same people to administer a JG or a UBI... real good idea...
Many Americans are still waiting for their $600 stimulus payments and your tax preparer could be part of the problem. According to Jackson Hewitt, the IRS blindly sent the stimulus payments to over 13 million bank accounts that are no longer open or valid. Leaving many still asking, where is my stimulus?
Prospect of SARS-CoV-2 spike protein: Potential role in vaccine and therapeutic development
28 proteins, including ofc the Spike:
The viral genome of the coronavirus encodes four structural proteins named spike (S), envelope (E), membrane (M), and nucleocapsid (N), 16 non-structural proteins (nsp1–16), and 8 accessory proteins. The S protein plays the most critical role in viral attachment, fusion, and entry into the target cell
mRNA gets a mention but not much else... this is it:
mRNA has been used as a template for endogenous expression of proteins selected as a vaccine candidate. An mRNA vaccine is a promising alternative because of its high potency, short production cycle, and low manufacturing cost. (Pardi et al., 2018; Yun et al., 2020). Currently, there is no mRNA vaccine in the market, so it will be challenging to pass the quality control and safety evaluation. Currently, mRNA-1273, a potential vaccine against SARS-CoV-2 based on encoding for a prefusion stabilized form of the S protein, has been selected for evaluation by Moderna in collaboration with investigators at the NIAID Vaccine Research Center (VRC). This vaccine is currently the focus of a Phase 1 clinical trial (NCT04283461). Several other companies are also developing mRNA vaccines against SARS-CoV-2 (Table 5 ).
mRNA vaccines are now current the only type of vaccines being administered in the US...
Tubular Bells - The Mike Oldfield Story
A superb video about Mike Oldfield and the making of his classic, The Tubular Bells.
When Mike Oldfield was about 14 years old his sister, Sally Oldfield, who played a bit of folk guitar, taught him three chords on the guitar, but two weeks later she went into his room and he was running his fingers all over the fretboard. She said he learned how to play the guitar at striking speed. Within a year Mike Oldfield was an accomplished musician - a virtuoso.
At 16 years old Mike Oldfield played bass for Kevin Ayers, a musician who had moderate fame in Britain during the 1970's. Mike Oldfield says that he didn't just want to put the bass notes in at the right places, and so he put in little melodies in-between the notes.
When Mike was 17 years old Kevin Ayers disbanded his band, and Mike Oldfield became a session musician at Richard Branson's Virgin Records, Manor House recording studio.
But one day Mike Old field took LSD at a party and it caused him a lot of distress, resulting in him feeling very uncomfortable when being with people after that, and so he ended up becoming a recluse. It took him a lifetime to recover, but today he's quite fine.
When Kevin Ayers broke up his band he gave Mike Oldfield a two track recorder, which he eventually used to record the demo versions on of Tubular Bells on. Richard Branson couldn't afford to record his album, but let him use the studio in-between recording sessions of other bands.
Mike Oldfield ended up using ten instruments on the album, which worried Richard Branson as he could not afford it. It's amazing how Mike Oldfield learnt how to play so many instruments in such a short space of time and how to use a 16 track studio too.
One day John Cale had finished doing a recording, and when the roadies were taking the instruments out of the studio Mike Oldfield noticed some tubular bells and asked to borrow them.
Mike Oldfiel was making a rock album but the tubular bells turned out to be far too quiet, so the engineers tried to record the bells in various different ways to make them louder, but in the end they told him to just go for it and use ball hammer.
Richard Branson was never certain whether the album was going to be a hit or not as it had only one track on it, with no singing, and no drums. In fact, no one else knew either, but in the end it did so well it set Richard Branson up for all his later adventures.
Shortened version - extracts
Scott Bicheno: US blacklists Xiaomi because reasons
Chinese gadget giant Xiaomi has been belatedly added to one of the US lists of companies its citizens aren’t allowed to interact with.
Why America Should Look To China To Contain COVID-19, by William A. Haseltine
Since the earliest days of the Covid-19 pandemic, American news media has been rife with stories about how China handled – or according to many of the reports, mishandled – the initial outbreak. The most recent is a story in the New York Times, A Year After Wuhan, China Tells a Tale of Triumph (and No Mistakes). On the surface, it is the story of China’s “whitewashing” of the early days of the pandemic. But simmering just below is an unmistakable sentiment of anti-Chinese propaganda.
There is some truth to the picture the Times story paints, as there is to other stories that point out missteps by the Chinese government in the early days. But beyond the grains of truth the story serves as an attack on how the Chinese handled the Covid-19 pandemic and avoids the ultimate reality: Despite experiencing the world’s first major epidemic, China has controlled Covid-19 since mid-spring better than almost any other country, snuffing out sporadic outbreaks that enter from a Covid-19 riddled world.
Forbes
Why America Should Look To China To Contain COVID-19, by William A. Haseltine
Saturday, January 16, 2021
Links — 16 Jan 2021
Trump’s Not-So-secret Art of Containing China
Joe Biden’s War
Voltaire Network (the enemy of my enemy is my friend)
The Iran-Al-Qaida Axis according the USA
Moscow Times (Putin's successor?)
A Year After Shock Appointment, Russian Prime Minister Mishustin’s Star is Rising
What makes China want growth
Andrew
Visual Capitalist (loaded words)
How News Media is Describing the Incident at the U.S. Capitol
Govind Bhutada
US Capitol Police Reportedly Arrest Armed Man Using 'Fake Credentials' to Enter Checkpoint
RT — Germany’s ruling party picks centrist Armin Laschet as its new leader
The first-ever digital election was held by CDU on Saturday, with Laschet defeating his main contender, hardliner conservative Friedrich Merz, in a runoff ballot.RT
The centrist politician and self-styled Angela Merkel continuity candidate, Laschet, narrowly won the election scoring 521 to 466 votes. The digital election’s results will be further confirmed by a postal vote with final, legally binding results expected next week.Runner-up Merz congratulated Laschet, wishing him “success” as the leader of the party....
Germany’s ruling party picks centrist Armin Laschet as its new leader
The approach of the World Socialist Web Site to science — Bryan Dyne
WSWS
The approach of the World Socialist Web Site to science
Bryan Dyne
Help! Anyone remember my bitcoin password?
Some stores of value are clearly overdoing the storing part
Why You should Dump Your Apple and Google Phone - Top 5 Reasons
Life is complicated enough already. Gee!
Friday, January 15, 2021
In China’s New Age Communes, Burned-Out Millennials Go Back to Nature — Wang Xuandi
Wang Xuandi
China’s consumers are turning against the homegrown Big Tech giants they once revered — Grady McGregor
Fortune
China’s consumers are turning against the homegrown Big Tech giants they once revered
Grady McGregor
James Murdoch predicts 'a reckoning' for media after Capitol riot — Celine Castronuovo
“The damage is profound," Murdoch said. “The sacking of the Capitol is proof positive that what we thought was dangerous is indeed very, very much so. Those outlets that propagate lies to their audience have unleashed insidious and uncontrollable forces that will be with us for years.”Unfortunately, he is right. The media bears a lot of responsibility, chiefly owing to its business model pioneered by Rupert Murdoch. That model needs to change instead of imposing censorship.
The Hill
James Murdoch predicts 'a reckoning' for media after Capitol riot
Celine Castronuovo
WATCH What Happens When 2 White Guys Go Undercover At The Sedition MAGA Riot
Karoli Kuns
American Thinker apologizes to Dominion after getting letter from defamation attorneys — Celine Castronuovo
"It was wrong for us to publish these false statements,” Lifson continued. “We apologize to Dominion for all of the harm this caused them and their employees,” the statement added, along with an apology to readers for what it called a “grave error.”Nothing short of amazing what a letter from a law firm will do.
The Hill News
American Thinker apologizes to Dominion after getting letter from defamation attorneys
Celine Castronuovo
The move comes just months after New York Attorney General Letitia James filed a lawsuit to dissolve the NRA, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.Fingers in the till?
Axios
NRA files for bankruptcy, says it will reincorporate in Texas
FBI charges Florida veteran with plotting armed confrontation of state Capitol protesters — Bruce Ritchie
Violence begets violence. Nutters on both sides.
PoliticoFBI charges Florida veteran with plotting armed confrontation of state Capitol protesters
Bruce Ritchie
Washington can expect a "new normal" — even after Biden's inauguration — Ursula Perano
Axios
Washington can expect a "new normal" — even after Biden's inauguration
Ursula Perano
China Tech Ban Mirrors 1980s Attempts To Destroy Japanese Competition — Alan Macleod
MintPress News
China Tech Ban Mirrors 1980s Attempts To Destroy Japanese Competition
Alan Macleod