tag:blogger.com,1999:blog-2761684730989137546.post7719549639223103162..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: TRNN - Assange Arrested for Exposing U.S. War Crimes - Paul Jaymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-2761684730989137546.post-90915651855726801392019-04-15T05:13:30.720-04:002019-04-15T05:13:30.720-04:00“obvious flaws in MMT”
Now Ryan is the time for y...“obvious flaws in MMT”<br /><br />Now Ryan is the time for you to point out the OBVIOUS FLAWS in MMT. <br />And don’t come dragging with some right wing opinion based stuff. Obvious flaws only.S400https://www.blogger.com/profile/01282349400341912187noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-27573967712978203452019-04-14T10:54:12.334-04:002019-04-14T10:54:12.334-04:00True. Willful blindness and feigned ignorance tow...True. Willful blindness and feigned ignorance toward obvious flaws in MMT by progressive activists makes them seem hypocrites and transparent in their use of MMT to snatch power rather than improve the lives and real wealth of people.Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84990007885776388602019-04-14T10:12:58.829-04:002019-04-14T10:12:58.829-04:00Why would a jury convict him of anything?
Hmmmm. ...<i>Why would a jury convict him of anything?</i><br /><br />Hmmmm. Because they are brainwashed to be morons in government school? How else can one explain MMT?Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-57789129492666192732019-04-13T21:06:56.447-04:002019-04-13T21:06:56.447-04:00Assange didn't commit any crime. Have some fai...Assange didn't commit any crime. Have some faith in our systems to constrain deep stater ambitions. Why would a jury convict him of anything? My experience with juries is that they are pretty careful and do their job. When prosecutors over reach, aquittals happen. Of course they make mistakes but President, judges and others can remedy that during appeals. Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-44552421771140132662019-04-13T18:14:45.068-04:002019-04-13T18:14:45.068-04:00SIX POINTS REGARDING ASSANGE
[1] Under president ...<b> SIX POINTS REGARDING ASSANGE</b><br /><br />[1] Under president Correa, the Ecuadorian government granted asylum to Assange in 2012, and citizenship in 2017 -- thereby preventing Assange’s extradition to the USA. However the subsequent Moreno government recently declared Assange’s asylum and citizenship invalid because…well…just because.<br /><br />[2] The Moreno government was eager to secure a $10.2 billion loan from the IMF and World Bank, which are controlled by the US government. The IMF and World Bank made loans conditional on the Moreno government handing over Assange, and dropping all charges against Chevron, which had destroyed Ecuador’s environment, and had gravely sickened tens of thousands of people. Moreno complied with both orders. Moreno also ordered Ecuador’s government to clean up Chevron’s pollution just enough to hide the evidence for Chevron’s crimes. <br /><br />[3] The IMF and World Bank always make their loans conditional on “structural adjustments” (i.e. neoliberal attacks) such as mass privatization, and mass termination of public employees. Moreno was so eager for a loan that he terminated 10,000 public officials over three days (30 Feb to 1 March 2019) which was three weeks before the loan deal was finalized on 21 March 2019. <br /><br />$4.2 billion came from the IMF, and another $6 billion came from other U.S.-dominated institutions like the World Bank, for a total of $10.2 billion. Moreno will dump this $10.2 billion debt on Ecuador’s masses. <br /><br />[4] U.S. government vengeance against Assange has nothing to do with the Russia-gate hoax, or with the 2016 election with Hillary’s emails, etc. Assange will be crucified because he exposed U.S. war crimes in the Middle East.<br /><br />[5] Chelsea Manning was ordered to appear in a Virginia court to help the U.S. government destroy Assange. Manning refused, and was jailed in Alexandria VA on 8 March 2019. Manning remains in jail.<br /><br />[6] The US government uses its financial power to threaten everyone, including allies. For example, in July 2018 the Moreno government introduced a measure at the UN that supported breastfeeding over infant formula. This threatened U.S. companies. In response, the U.S. threatened Moreno with “punishing trade measures” if Moreno continued to push the measure. Moreno immediately dropped it.<br /><br />More info here<br /><br />https://www.mintpressnews.com/ecuadors-cooperation-bought-imf-loans-washington-waxes-optimistic-assange-extradition/255942/Konradhttps://www.blogger.com/profile/01739209449391854796noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-61411187950130323622019-04-13T17:38:54.358-04:002019-04-13T17:38:54.358-04:00@ Roddis
The US government does not have to ask a...<b>@ Roddis</b><br /><br />The US government does not have to ask anyone for permission to create money of thin air. <br /><br />Nor does income tax finance any federal operations, including war-making. This is basic MMT. <br /><br />You are way out of your depth.Konradhttps://www.blogger.com/profile/01739209449391854796noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-85893577482044819642019-04-13T11:02:38.282-04:002019-04-13T11:02:38.282-04:00Libertarians want to give all the power over the t...<i>Libertarians want to give all the power over the the elites.</i><br /><br />Total nonsense. Rigorously prohibiting the initiation of violence will defang the elites so that the only way they can obtain money is by providing superior goods and services. The entire leftist critique of the proposal to prohibit the initiation of violence is to presume a scenario where violence is not, in fact, prohibited. Pitiful.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-78753598432090668292019-04-13T10:59:31.832-04:002019-04-13T10:59:31.832-04:00The “gold standard” was always a gimmick; a preten...<i>The “gold standard” was always a gimmick; a pretense. It never stopped the US government from creating as much money as it liked out of thin air, e.g. for the world wars.</i><br /><br />When a "gold standard" didn't actually exist, it didn't exist. Right, smart guy? OMG. You are SO SMART. But when it existed, then governments actually had to go out and EXPRESSLY ASK for money to fund wars. Which cut down on the number of wars. <br /><br /><i>During World War I federal expenditures ballooned and although the new income tax was able to partially finance the war effort, most of the financing was done through federal borrowing and by the highly accommodating monetary policy of the Federal Reserve. The role of the Federal Reserve at this time was expressed unambiguously by the New York Federal Reserve Bank Governor Benjamin Strong, who told a Congressional committee in 1921 that ‘I feel that I, or the bank at least, was their [the Treasury’s] agent and servant in those matters’ and further added that the wartime inflation caused by the low interest rates maintained by the bank were ‘inevitable, unescapable, and necessary’ for prosecuting the war.</i> (Strong, 1930) [emphasis added}<br /><br />This is the pure Rothbardian explanation. Wars are funded with fiat money which robs average people of purchasing power without the victims understanding exactly what is being done to them and without any due process of law. If the citizens had to make an immediate sacrifice in the form of a forced contribution of tax money to fund wars on a pay-as-you-go format, there would be far fewer wars. Kuehn then notes that the inflation encountered by the populace had been caused by the “expansionary policy of the Federal Reserve” and thus not any alleged “market failure”. After the war, such policy was “sharply curtailed” as was government spending leading to the predictable bust, the 1920 depression.<br /><br />https://bobroddis.blogspot.com/2012/08/daniel-kuehn-provides-factual-basis-for.htmlBob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-55875851072761132552019-04-13T10:54:23.186-04:002019-04-13T10:54:23.186-04:00In a libertarian state the elite would have privat...<i>In a libertarian state the elite would have private armies and would not be revenue restrained.</i><br /><br />Preposterous. They would be like record companies fighting off Napster. If they cannot employ violence or the threat of violence to attract customers, they could only collect revenue from willing customers who would have a myriad of other options. They could and would be sued for breach of contract including any actions which disturb the self-ownership and property rights of even the poorest people. You have no idea what you are talking about. Ever.<br /><br />The market DOES NOT LEAD TO MONOPOLY. Read the freakin' book.<br /><br />https://www.amazon.com/Triumph-Conservatism-Reinterpretation-American-1900-1916/dp/0029166500<br /><br />The market also does not lead to mass unemployment. Monopoly, wealth concentration and unemployment are CAUSED by fiat funny money emissions. Duh.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-13432379989434640782019-04-13T00:22:19.689-04:002019-04-13T00:22:19.689-04:00Libertarians want to give all the power over the t...Libertarians want to give all the power over the the elites. <br /><br />I agree that the government is controlled by the elite, but getting rid of democratic government won't solve the problem of the elite controlling everything. Only more democracy can do that, but to be effective we need to break up their media monopolies, and to encourage crowd funded media. <br /><br />This is why the elite fund libertarianism, to ensure we do not try to control them to make a better society for the rest of us. Their version of freedom is our enslavement. They want to do a they please and get away with it.<br /><br />We can only control the elite collectively, through government and regulations. They have far too much power over us otherwise. But their propaganda media machine needs to be controlled too. Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-27315596512703445162019-04-12T23:59:34.546-04:002019-04-12T23:59:34.546-04:00Hi Bob.
In a libertarian state the elite would h...Hi Bob. <br /><br />In a libertarian state the elite would have private armies and would not be revenue restrained. They would form cartels and semi-monopolies and raise money from tolls which would replace taxes. They would do everything they can to maximise profits, i.e, fleece the public. They would not spend any of the money they made on anything that benefited siciety, so all the revenue they raised from the tolls would go straight into their pockets and to fund their wars.<br /><br />Libertarianism is a recipe for disaster, as the most crooked amongst the elite would get free reign and be able to do as they please. It will be like the Middle-Ages - Medieval - with barons ruling again. <br /><br />It is impossible for libertarianism to bring anyone freedom. Only enslavement to the bosses. Libertarianism is winner takes all. It is the subjugation of the majority by the warlords and bandits. <br /><br />Why did Hayek want this? Because he was an aristocratic snob who hated 'common people' who felt the elite should rule. <br /><br /><br />Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-16642084212673254342019-04-12T22:08:37.166-04:002019-04-12T22:08:37.166-04:00“They might be SOL under a strict gold standard, c...<i> “They might be SOL under a strict gold standard, completely unable to obtain their funding without seeking it openly from the public and they'd likely be denied.”</i><br /><br />The “gold standard” was always a gimmick; a pretense. It never stopped the US government from creating as much money as it liked out of thin air, e.g. for the world wars.Konradhttps://www.blogger.com/profile/01739209449391854796noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-66787388862578653702019-04-12T15:48:47.455-04:002019-04-12T15:48:47.455-04:00Again, it's a good thing that the Deep State a...Again, it's a good thing that the Deep State and the war mongers are not revenue constrained. They might be SOL under a strict gold standard, completely unable to obtain their funding without seeking it openly from the public and they'd likely be denied. And that would be so wrong. It's a good thing we have MMT and fiat funny money to get us around the will of the people and which put those important decisions in the hands of the corrupt government elite.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.com