Professor David Ray Griffin new book, Global Climate Change

Professor David Ray Griffin is a very interesting guy. He was a founder of the 9/11 Truth Movement so you would think that he was a right wing conspiracy theorist, right? No, a left conspiracy theorist, maybe, and only on 9/11. He's pretty convinced that 9/11 was an inside job, but it is his book on global warming that is interesting because as a person that may hold at least one conspiracy theory, he's not going for the global warming hoax theory at all, or for many conspiracy theories, and this makes his on 9/11 even more compelling, in my opinion. He's even a Bernie Sanders supporter.

Steve Johnson of BBSRadio.com tries to draw him in on one conspiracy theory after another but David Ray Griffin wont't have any of it, he just says like any good academic would, that he has not studied it or has the expertise to comment. To me, he comes across as a pretty genuine guy. Steve Johnson goes along with Prof. Griffin's belief in global warming for the interview, but underneath in the comment section he complains to people who write in that the radio station had selected Prof Griffin to be interviewed, not him. He then gives a link to a climate change denier he interviewed some time previously.

In the comment section is one right wing climate change after another going ape shit. But what scientists do they have, those that aren't qualified and so don't know what they are talking about, and a few mavericks on the Right, who are more into politics than facts. They reckon that Prof Griffin is part of the global warming conspiracy and they say spreads disinformation.

Prof. Griffin says how the fossil fuel energy companies have spent 100's of $millions on climate change denial which is peanuts for them, especially as they get 100's of $millions in subsidies from the US government. But why?

The global warming deniers remind me of the modern humans in the Planet of the apes film who lived underground and worshiped the atomic bomb, daft or what. Or they are like the astronauts in the film Dark Star whose ship got blown up, so floating in space orbiting towards the planet below, they got hold of splinters of the wreckage and surfed laughing into the planets atmosphere as they got sizzled up, 'Heehaw!  We're going to have blazing summers forever now, wow, let's get out there and have some fun.'

Below is another film about solar energy, it now costs less half the price of conventional energy. Put solar panels on your roof and you can not only power your house for free, but your electric for too for hundreds of miles everyday. We could have had this technology years ago if it hadn't have been for the climate change deniers, the antics of the fossil fuel industries. Imagine never having to pay for fuel ever again. Was avoiding that little bit of extra tax of fossil fuels really worth it? That is, expensive energy forever, if the climate change deniers had gotten there way. Thank god the Chinese and Germans didn't listen, and now they are reap in the big profits and clean up the market for themselves.

Prof David Ray Griffin - israelis on 9-11? What israelis?   

(That's not my title, it's Steve Johnson's.)

https://www.youtube.com/watch?v=KrZw0iRXC7A

Published on 27 Oct 2015

Well known 9-11 author Professor David Ray Griffin speaks to Steve Johnson on BBSRadio.com about his new book on Global Climate Change and the Global Warming stooge debate.

Solar Energy documentary: The Revolution in Solar Energy.

https://www.youtube.com/watch?v=JrVKh9FVVrc

More Economic Weakness

Things really starting to roll over now; more evidence of a weak US economy here; we throw out almost half the food in the US; we need to get this number up soon or its doomsday for sure:

40% of food in the U.S. is thrown out. Fight food waste on @instagram + tag #jbfnofoodwaste https://t.co/OSyKKlxprL pic.twitter.com/oR9OZqf6Xt

— Beard Foundation (@beardfoundation) June 10, 2016

US Banana Republic: Clinton Election Fraud

BREAKING: This Lawsuit Might End Hillary's Run & Prove Election Fraud

https://www.youtube.com/watch?v=ibK4de85IKw

Published on 9 Jun 2016

Election fraud experts Cliff Arnebeck and Bob Fitrakis say they have proof that Hillary Clinton's campaign has benefited from election fraud. They believe their current lawsuit will end Hillary's run and prove that Bernie Sanders is indeed the Democratic nominee. Watch this unbelievable clip as broken down by Lee Camp on Redacted Tonight. 

Russia out of деньги!

Checkmate:

"Medvedev was caught on camera telling an elderly woman in Crimea, a region annexed by Russia from Ukraine in spring 2014, that there was "no money left" in Russia's budget when he was asked why the state pension of 8,000 Russian rubles a month (around $125 a month) was not higher given the rising cost of living. 

"There just isn't any money now. When we find money, we'll make the adjustment," Medvedev replied to her..."

Medvedev's (in)famous: "There is no money left! Bye!" on the heels of Russian oligarchy driving the prevalent... https://t.co/dWAlOuXtE1

— Vladimir Suchan (@SuchanVladimir) June 9, 2016

Cameron K. Murray — Time to revisit how we calculate expectations?

Is rational expectations theory irrational?

Fresh economic thinking

Time to revisit how we calculate expectations?

Cameron K. Murray

Also

Lars P. Syll’s Blog
Flimflam Chicago economics
Lars P. Syll | Professor, Malmo University

Don Quijones — Next Banking Scandal Explodes in Spain

Wealth redistribution in progress.

Wolf Street
Next Banking Scandal Explodes in Spain
Don Quijones

Heiner Flassbeck — Did the IMF learn from its experience?

Short answer: No. 

Flassbeck explains why so. 

They are still stuck in the same flawed neoclassical  thinking.

flassbeck economics international

Did the IMF learn from its experience?
Heiner Flassbeck

Real-World Economics Review — Poll Results: Top 10 economics books of the last 100 years

No spoiler.

Real-World Economics Review Blog
Poll Results: Top 10 economics books of the last 100 years

telesur — 'We Have Proof' of CIA in Ecuador: President Correa

In a special investigation, teleSUR revealed how U.S. agencies directed attacks against the progressive government with the support of the international right wing.

Ecuadorean President Rafael Correa Wednesday described as “powerful” the reports issued by teleSUR on the CIA’s involvement in the country and its relation with journalists, media and politicians to destabilize his government through smear campaigns.

In a press conference, the Ecuadorean head of state affirmed he had evidence proving teleSUR's reports were true.

“The National Endowment for Democracy is the CIA’s financial branch—like in Venezuela, in Bolivia—it does not fund the Red Cross anymore, it funds groups providing training on democracy, this means, destabilizing the government and other opposition movements,” Correa claimed.

telesur
'We Have Proof' of CIA in Ecuador: President Correa

See also

For More Than 50 Years, CIA Went Deep into Ecuadorean Society

Macri Gov't to Take teleSUR off Argentine TV Service in 15 Days


Bolivian Opposition Leader Admits Election Plotting with US Embassy

Robert Parry — Democrats Are Now the Aggressive War Party

For nearly a half century – since late in the Vietnam War – the Democrats have been the less warlike of the two parties, but that has flipped with the choice of war hawk Hillary Clinton, writes Robert Parry.

Consortium News
Democrats Are Now the Aggressive War Party
Robert Parry

Also

Big Money’s Conquest of Democratic Party

Bill Moyers and Michale Kinship

Not that the GOP is no longer the war party.

Despite a nearly $600 billion military budget, congressional Republicans are demanding even more money for the Pentagon, while rejecting cuts in spending for military bands and resisting emergency funds to fight the Zika virus, notes Mike Lofgren.

GOP Congress Plays Pentagon Budget Games

Mike Lofgren

Alex Emmons — European Parliament Calls for Investigation of Secret CIA Torture Sites

A non-binding resolution, which passed 329-299, urged member states to “investigate, insuring full transparency, the allegations that there were secret prisons on their territory in which people were held under the CIA programme.” It also called on the European Union to undertake fact-finding missions into countries that were known to house American black sites.

The resolution named Lithuania, Poland, Italy, and the United Kingdom as countries complicit in CIA operations.…

It gets worse for the US.

The Parliament also expressed “regret” that none of the architects of the U.S. torture program faced criminal charges, and that the U.S. has failed to cooperate with European criminal probes.…

Wait, there's more.

While Obama continues to “look forward, not back,” victims of U.S. torture are increasingly looking to international courts for justice.…

The Intercept
European Parliament Calls for Investigation of Secret CIA Torture Sites

Alex Emmons

Important announcement about MMT Trader

I hope Russia cuts rates on Friday. I want to buy the ruble.

Tom doesn't think it will happen. I'm hoping it will.

A rate cut is bullish for the ruble; not the opposite.

Personally I hope Nabiullina cuts the rate and Forex traders knock the ruble down because I am going to buy it.

Check the chart out below. These are ruble futures trade on the CME. The current futures price correlates to 63.85 rubles to the dollar. You can see that is down from 87.95 back in January. (Ruble has appreciated.)

Could be already factoring in a rate cut.

Alexander Mercouris — Russia Gears Up to Cut Interest Rates on Friday

Maybe. I doubt that Nabiullina would want to cut if there is a good change that Yellen raise. Mercouris presumes that the probability of Yellen raising with a bad jobs report and weakening economy domestically, and a faltering global economy, is low. Russian inflation is under control though, and it's beyond time to cut.

The Duran
Russia Gears Up to Cut Interest Rates on Friday

Alexander Mercouris

Glenn Diesen — West Doesn't Comprehend Putin Is the Last Chance for a Pro-Western Russia

The West tends to anticipate the eventual downfall of Vladimir Putin with certain exuberance and optimism due to expectations of a more ‘pro-Western’ alternative or even the return of Yeltsin-era policies. The anti-Russian sanctions following Moscow's seizure of Crimea were envisioned to turn the population, business community and political elites against Putin, compelling the president to revise policies.
There is now evidence that pressure is indeed mounting on Putin to modify Russia’s stance. The pressure is however not coming from a pro-Western opposition, but the hawks that are calling for the president to abandon his conciliatory approach and respond more coercively to deter NATO.

The main question asked in Moscow is why NATO is suddenly amassing its troops in an unprecedented military build-up on Russia's borders under the pretext of ‘Russian aggression’, more than two years after the seizure of Crimea? The prevailing response is that efforts to reconcile have not only failed, they are perceived as a weakness that has emboldened NATO.

General Aleksandr Bastrykin, the head of Russia’s Investigative Committee, recently warned that Russia must rapidly develop its military and abandon illusions that a political settlement can be reached with the West. The resulting debate is mounting pressure on Putin to reverse what is deemed to be dangerous appeasement of NATO, and instead make preparations for the growing prospect of war. The West’s failure to recognise the growing pressure on the Russian president derives from a failure to acknowledge that Putin actually represents the ‘pro-Western’ alternative in Russia. 

Russia Insider
West Doesn't Comprehend Putin Is the Last Chance for a Pro-Western Russia

Glenn Diesen

Neoliberalism as a Water Balloon

Theory of neoliberalism illustrated

https://www.youtube.com/watch?v=XIUWZnnHz2g

Wilbur Ross. Another emperor with no clothes.

Oh, I cannot tell you how much fun this is. How much it warms my heart. It's beyond words.

I'm talking about how great it is to see these Wall Street charlatans exposed for what they are...losers and frauds.

Here's the latest "titan" who we discover is, in reality, an emperor with no clothes 

Wilbur Ross.

Yes, Ross is a billionaire and that's WAY more than I got, but now we get a pretty good sense of how he "earned" it: most likely rigged deals and lots and lots of fees on the billions he manages.

But take a look at the stock of Ross's company (his hedge fund) if you really want to see how  he's doing, 

Wilbur Ross Holding Company (WLRHU) did shit in the last two years. 

Since it has been publicly traded the stock has done nothing. Ross made an "impressive, 5.0%, TOTAL, it looks like, in two years. Wow. Whoop Dee Fucking Doo. And that with 2% annual management fees and 20% of the profits. 

Obviously, then, he made no profits. It was probably ALL management fees. That's right, 2% for doing nothing.

Now in order to save his company he is telling clients he is not going to take his 20% incentive fee. Ha!! That's no skin off his nose because by the looks of this chart he never made any profits!

I'm not surprised. This "genius" was all over these hedge fund "clown" gatherings like SALT and Ira Sohn pontificating about nothing. He spiel was the same inane crap all the other morons were saying at these things: that the "Fed was out of ammunition" or, there was going to be "hyperinflation because of all the central bank money printing," or, "China was a debt bubble." (Or Japan was a debt bubble. Take you pick.)

These morons are absolutely clueless. Thankfully, some of the smarter pension funds are pulling their money out--for good.

We've seen it with Gross, Bass, Ackman, Einhorn and now Ross. Actually, it's all of them. They're a bunch of brainless sheep all running around like kings, spouting the same, idiotic bullshit.

Here's some advice I'd give these guys: If I were them I'd NEVER go public because that gives the rest of us a glimpse at just how big of fucking losers they are.  

Wilbur Ross. Hahahaaha!!

Brian Romanchuk — Helicopter Money Is Just A Bureaucratic Power Grab

Technocracy to replace democracy, or, better, the remnant of democracy. This is a command system.

Although "Helicopter Money" debate is clouded in economist mysticism about money, the underlying debate revolves around the role of the technocrats in setting public policy.

I would also add that most of these technocrats either come directly from the financial sector or represent its interests indirectly. Technocracy is no substitute for fiscal policy based on democratic representation.

Bond Economics
Helicopter Money Is Just A Bureaucratic Power Grab
Brian Romanchuk

Also

The Case for Concerted Action
We Don’t Need No [Stinkin'] Helicopters … Hey! Economists! Leave Fiscal Policy Alone

V. Ramanan

I added the "stinking'. tjh

Sputnik — Where Will America Invade Next? Pentagon Plans to Deploy Troops ‘Anywhere’

The Department of Defense wants to prepare personnel for the conflicts of tomorrow by dispatching troops in tiny deployments to remote locations throughout the world.

This weekend the Pentagon announced changes to military training protocols, with an eye toward preparing troops to go “anywhere.” The ramp-up of the American war machine, during a time of relative peace, marks the latest shift by the Obama administration to a position to the right of George W. Bush’s foreign policy, in the waning hours of the former’s final term in office.…

Still skeptical about the US global hegemony and the American Empire based America as so exceptional as to be "the indispensable nation"?

If this doesn't convince, what would it take?

Sputnik
Where Will America Invade Next? Pentagon Plans to Deploy Troops ‘Anywhere’

Sputnik — Assange Says 80% of US National Security Agency Budget Privatized

Addressing International Media Forum "New Era of Journalism: Farewell to Mainstream", Julian Assange said that about 80 percent of the US National Security Agency budget is privatized. He also said that Google is engaged with the US White House and Hillary Clinton's elections campaign. Google has power to control information flow, he added.

As much as 80 percent of the US National Security Agency’s (NSA) budget is privatized, demonstrating the merger between Washington and corporate organizations, WikiLeaks founder Julian Assange said Tuesday.

This is rather ominous, when considered along with the military-industrial complex. The entire military and intelligence establishments are largely privately owned, although the line between military and intelligence is blurred since US intelligence is largely operational rather than informational.

Should this be called "corporate statism" or "statist corporatism?" Whatever, it is scary for democracy, if that even exists in the US other than as a facade, with politicians for sale.

Sputnik
Assange Says 80% of US National Security Agency Budget Privatized

Sputnik — Nuland: US Spends $100Mln to Counter Russian Propaganda Since 2014

The numbers are revealing. Propaganda is expensive.

Sputnik
Nuland: US Spends $100Mln to Counter Russian Propaganda Since 2014

Sputnik — NATO has begun its Anaconda-16 war game, calling for the largest assembly of foreign forces in Poland since World War II.

On Monday, NATO launched its largest war game in decades, near the Russian border, as part of what analysts call the "summer of provocation," a bid to reignite the Cold War intended to force Moscow to starve its domestic economy to ramp up its military to meet a growing external threat.

The war game, titled Anaconda-16, will take place in Poland ahead of next month’s NATO summit in Warsaw, where officials are expected to approve permanent troops to be stationed in the country and throughout eastern Europe, to combat what they consistently refer to 'Russian aggression.'

The irony is that the West is also starving domestic economies to pressure Russia and China into escalating their production of guns over butter. Lose-lose scenario. Will Westerners be dumb enough or cowed enough to put up with it. What is quite predictable is that it will stiffen Russian spines and increase their resolve to resist. Westerners are a lot softer than Russians and less likely to put up with inconvenience, let alone lower living standards to meet manufactured threats. Will there be a boomerang effect.

And anyone wondering about whether NATO strategy involves surrounding Russia, the code name "Anaconda" dispels that.

Sputnik
NATO has begun its Anaconda-16 war game, calling for the largest assembly of foreign forces in Poland since World War II.

Mint Press News — Neoliberal Think Tank Report Reveals ‘Blueprint’ For US Empire Under Hillary Clinton

"Neoconservative" is more apt.

Mint Press News
Neoliberal Think Tank Report Reveals ‘Blueprint’ For US Empire Under Hillary Clinton

MintPress News Desk

Marxism 101: How Capitalism is Killing Itself with Dr. Richard Wolff

A superb interview of Dr Richard Wolff by Abby Martin. Richard Wolff explains the contradictions in capitalism and why it doesn't work, well never for anyway long until the next crisis occurs, and how it is now reaching the end of its life. Capitalism worked a bit in the past because it got its resources from the third world dirt cheap turning the populations that lived there into slaves.

Many lucky workers in the West, the ones that had good jobs, said capitalism was great and supported the Conservatives, the party of the imperialists, the aristocracy. Many of these people said that they had earned their wages because they had worked hard, or had studied hard at school and universities to get good grades, and most of these people do work very hard indeed (being exploited by the One Percent). But they didn't realize how poor people in the third world were the real slaves driving capitalism along making it appear to work. And some people didn't care anyway about the exploitation because they were, 'I'm alright jack', right wing neo-fascists.

Bernie Sanders has been able to make socialism appeal to lots of Americans because the wheels have fallen off capitalism yet again. And the only way capitalism can survive is by increasing militarism around the third world to keep the local populations down. And when theses people rise against injustice the West calls it communism, which Western propaganda says is evil.

At the turn of the century Russia was the poorest country in Europe and then it lost in the First Wold War, had a communist revolution, and a civil war, and then went on to be devastated in the Second World War, but it still manged to become the world's second super power in only 50 years. It was a brutal system for sure, but the nation was traumatized as Western leaders in the past had always tried to bring the country down and to get rid of the Tsar so they could loot its natural resources, as they had done to India, Africa, and China to a fair degree. The Russians were dead scared of the Western imperialists and made their country strong in a very short space of time, and the same type of desperate economic expansion went on in China too under communism, as Richard Wolff explains.

In communism there were many mistakes,  like how  in capitalism there were many mistakes too. So they tweak to the systems to improve them. Eventually both systems, capitalism and communism, will merge into one to become socialism, the only capitalist system that can work, because it is moderate and gives the majority of the people the best deal. The ruling class don't want it so they fund a massive propaganda campaign against it.  As well as fuel wars all over the World to keep the their crumbling system afloat.

The US had it easy after the Second World War, because with Europe in ruins, and with no destruction of its own country or to its infrastructure, it could take what was left of the old British Empire and set the terms to suite itself in Europe. With the third world being ruthlessly exploited for its resources by Western, mainly US imperialists, and with Europe wrecked needing to be rebuilt, the US's economy could shoot off with it's industries producing the goods that Europe badly needed. It made capitalism look as if it worked.

Richard wolff explains why the wheels have come off capitalism, yet again, and how it is now on its last legs. The capitalists, being too greedy, have destroyed their markets. But they will try to revive it again with even more brutality and militarism.

The ruling class spent a fortune on neoclassical economics and their universities to hoodwink ordinary people into believing that their type of capitalism, which is now called neoliberalism, works. This is how much power they have, that most mainstream economists now spread their propaganda for them.  And they control the media too to further spread their propaganda. They even fund the Tea Party and libertarian groups, and pay for Ayn Rand books to be distributed, often freely, in universities, like the way The Gideons pay for a New testament to be put into every hotel room.

The world is crying out for a charge. Too many people have died because of capitalism, or had their lives ruined.

Marxism 101: How Capitalism is Killing Itself with Dr. Richard Wolff 

https://www.youtube.com/watch?v=6P97r9Ci5Kg

How Class Works -- by Richard Wolff

A short cartoon about the failure of capitalism. 

https://www.youtube.com/watch?v=euH3pAuLuko

How having too low a minimum wage destroys jobs and ruins the economy. In other words, pure free markets forces don't work.

https://www.youtube.com/watch?v=xCsJ7KoU1CA

Cha Ching! More profits today from MMT Trader!

Fiscal flows. Applied MMT. Mental Game.

What does that get you? Trading profits.

We bought Delta Air (DAL) today at 41.07 (7 cents from the low) and American Airlines (AAL) on Friday. They're up 4% and 6.5% respectively today.

We bought the June S&P E-Mini future last week at 2089.5 and sold it out today at 2112.50 for a gain of $1150 per contract.

These were all recommendations from MMT Trader.

All positions have been closed out with profits. 

Get a 30-day free trial today.

Brian Romanchuk — Paperback Edition Of Interest Rate Cycles Now Available [Discount]

The paperback edition of Interest Rate Cycles: An Introduction is now available at Amazon.com. It will be available online at other booksellers, or by special order in stores, over the coming days/weeks. (The ISBN is 978-0-9947480-4-1)

The book may be ordered directly from CreateSpace (the printer); the discount code S6AKAJNZ reduces the price by 20% (code only works only at Createspace!).

The paperback edition is 102 pages, excluding front matter.

Bond Economics
Paperback Edition Of Interest Rate Cycles Now Available

Brian Romanchuk

Joe Mellor — Researchers say Trident is being secretly upgraded

Heads up, Brits. Do you feel safer?

The London Economic
Researchers say Trident is being secretly upgraded
Joe Mellor

David F. Ruccio — Three guys, a paper, and the IMF

Celebrating change too early.

As if to confirm my view yesterday, that the recent paper on neoliberalism by Jonathan D. Ostry, Prakash Loungani, and Davide Furceri, published in the IMF’s Finance and Development, did not signal a new set of IMF policies, here’s an extract from an interview with IMF Chief Economist Maury Obstfeld:

IMF Survey: Do you agree with some who have argued that a recent article in F&D(“Neoliberalism: Oversold?”) signifies a major change in Fund thinking? For example, is the IMF now saying that austerity does not work and, indeed, that it exacerbates inequality?

Obstfeld: That article has been widely misinterpreted—it does not signify a major change in the Fund’s approach.

I think it is misleading to frame the question as the Fund being for or against austerity. Nobody wants needless austerity. We are in favor of fiscal policies that support growth and equity over the long term. What those policies will be can differ from country to country and from situation to situation.

Governments simply have to live within their means on a long-term basis, or face some form of debt default, which normally is quite costly for citizens, and especially the poorest. This is a fact, not an ideological position.

OK, so much for that. The light at the end of the tunnel was a approaching freight train.

Morons rule! Go morons.

Occasional Links & Commentary
Three guys, a paper, and the IMF
David F. Ruccio | Professor of Economics, University of Notre Dame

Here is the whole interview:

IMF
CHIEF ECONOMIST INTERVIEW
Evolution Not Revolution: Rethinking Policy at the IMF
IMF Survey

Bill Mitchell — The US labour market continues to weaken

Interesting with respect to what's going in the US labor market, but more significant for showing how to analyze a labor market. The U3 unemployment rate is hardly indicative of the state of the market and little can be concluded from it alone. 

While Bill Mitchell is an MMT economist, his area of specialization is employment, beginning with his PhD dissertation. This is key to the MMT JG, which Bill was instrumental in developing as a buffer stock of employed instead of the current buffer stock of unemployed.

Pavlina Tcherneva is following in Bill's footsteps here as an expert in the MMT approach to employment and how to achieve truly full employment with MMT policy including a job guarantee.

Bill Mitchell – billy blog
The US labour market continues to weaken
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Nima Mahdjour — Modern Monetary Theory

Steve Keen ·
Chief economist at IDEAeconomics 

Excellent explanation. I hope this gets widely read in the Austrian community. I'm happily promoting it to Post Keynesian and MMT economists, because it is such a clear statement of the structure and logic of the actual monetary system. Scott Fulwiler first alerted me this this post, and he was also most impressed.

Being Libertarian
Modern Monetary Theory
Nima Mahdjour