Poland, Hungary, Turkey, Russia, Israel, India, Italy, Brazil, …, and even the USA; around the world, we are seeing democracies lurching toward autocracy and/or theocracy. A hundred years from now, history will tell us what it was all about. It would help to know now. Though no common denominator stands out; one of the more common is religion. More specifically, it is right-wing religious groups either leading the charge toward theocracy or being...

The turning point came on 26 February, 2022, when Washington’s neocons – in a glaring display of their shallow intellects – decided to freeze and/or steal the reserves of the only nation on the planet equipped with all the commodities that really matter, and with the necessary nous to unleash a momentous shift to a monetary system not anchored in fiat money.That was the fateful day when the cabal, identified by journalist Seymour Hersh as responsible for blowing up the Nord Stream pipelines,...

Weekly Indicators for April 3 – 7 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha.  Probably unsurprisingly, the big news this week was the effect of the revisions to the initial jobless claims data, and also the turning down of several sectors in the monthly jobs report. Anyway, as usual clicking over and reading will bring you up to the virtual moment as to the data, and reward me a little bit...

Να καταστρέψουμε την δημιουργική ασάφεια για να μπορέσουμε να αλλάξουμε τον κόσμο Σταύρος Μαυρουδέας Καθηγητής Πολιτικής Οικονομίας Πάντειο Πανεπιστήμιο Σε πρόσφατο (πολυδιαφημισμένο από συστημικούς κύκλους) άρθρο του ο Γ.Βαρουφάκης, αναφερόμενος στις τρέχουσες τραπεζικές αναταράξεις, έριξε το υποτιθέμενα ριζοσπαστικό σύνθημα «να καταστρέψουμε τις τράπεζες». Βέβαια ο Γ.Βαρουφάκης δεν φημίζεται για την συνοχή των οικονομικών αναλύσεων του. Όπως έχει αυτο-χαρακτηρισθεί,...

Open Thread April 3, 2023, Angry Bear, angry bear blog Tags: open thread

CRFB’s FINAL ANALYSIS OF 2023  SOCIAL SECURITY TRUSTEES REPORT  Analysis of the 2023 Social Security Trustees’ Report, Committee for a Responsible Federal Budget, Social Security Dale Coberly: I reported a few days ago on CRFB’s “preliminary analysis” of the 2023 Social Security Trustees Report.  I hoped to show then that though CRFB reported “true” facts, they surrounded those facts with misleading language intended to promote hysteria...

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Thursday said the world economy is expected to grow less than 3 percent this year, with India and China projected to account for half of global growth in 2023....ECNS (Chinese official English news service)China, India to account for half of global economic growth in 2023: IMF chiefXinhua (Chinese state media)