Thursday, February 22, 2018

Ryan Devereaux — U.S. Citizenship and Immigration Services Will Remove “Nation of Immigrants” From Mission Statement


New mission?

The Intercept
U.S. Citizenship and Immigration Services Will Remove “Nation of Immigrants” From Mission Statement
Ryan Devereaux

Aída Chávez — GOP Senator Says Impeachment of Judges Who Struck Down Gerrymandered Map Is “A Conversation That Has to Happen”

In the wake of a Pennsylvania Supreme Court order that struck down a Republican congressional map as unconstitutionally gerrymandered, Sen. Pat Toomey said that impeachment of the justices is “a conversation that has to happen.”

The GOP map had given Republicans a nearly 3-1 congressional majority in a state that leans Democratic; the court’s new map will still give Republicans a significant advantage, but slightly less of one. For Toomey, that amounted, he said, to a “blatant, unconstitutional, partisan power grab that undermines our electoral process.”...
The US is "democratic" in name only.

The Intercept
GOP Senator Says Impeachment of Judges Who Struck Down Gerrymandered Map Is “A Conversation That Has to Happen”
Aída Chávez

Also
Patrick Ryan, a congressional candidate from New York, is leaning on his experience as a small business entrepreneur to establish his readiness for office, but he has curiously failed to mention the business he used to work in: domestic surveillance.
Seven years ago, Ryan, then working at a firm called Berico Technologies, compiled a plan to create a real-time surveillance operation of left-wing groups and labor unions, hoping business lobbyists would pay top dollar to monitor and disrupt the actions of activist groups across the country. At one point, the proposal included the idea to spy on the families of high-profile Democratic activists and plant fake documents with labor unions in a bid to discredit them....
The Intercept
Democratic Congressional Candidate Built Lucrative Career Spying on Left-Wing ActivistsLee Fang

Ekaterina Bilanova — US 'Deep State' Hopes to Bankrupt Russia Through New Arms Race – Analyst


The US elite believes that this worked for Reagan. There is, of course, the side-benefit of feeding the military-industrial-govermental complex that is foundational for the US politico-economic system.

I would add that Russia is not the principal target. The chief competitor of the US is China, and the US cannot achieve its goal of permanent global hegemony without regime change in China and partition of the country into pieces that cannot challenge the US economically. This is only possible by first effecting regime change and partitioning of Russia.

Sputnik International — Opinion
US 'Deep State' Hopes to Bankrupt Russia Through New Arms Race – Analyst

Dean Baker — Policy Choices, Not ‘the Market,’ Produce a ‘Small Number of Very Wealthy People’

It is amazing how frequently we hear people asserting that the massive inequality we are now seeing in the United States is the result of an unfettered market. I realize that this is a convenient view for those who are on the upside of things, but it also happens to be nonsense.
The latest nonsense-pusher is Amy Chua, who warns in a New York Times column (2/20/18) about the destructive path the United States is now on, where a disaffected white population takes out its wrath on economic elites and racial minorities. The key part missing from the story is that the disaffected masses really do have a legitimate gripe.
We didn’t have to make patent and copyright monopolies ever longer and stronger, allowing folks like Bill Gates to get incredibly rich. We could have made Amazonpay the same sales tax as their mom-and-pop competitors, which would mean Jeff Bezos would not be incredibly rich. We could subject Wall Street financial transactions to the same sort of sales taxes people pay on shoes and clothes, hugely downsizing the high incomes earned in this sector. And we could have rules of corporate governance that make it easier for shareholders to rein in CEO pay....
Neoliberalism is corporate control of government policy (state capture).

Alex Christoforou — Julian Assange explains how “troll farm” in St. Petersburg was nothing more than social media spam business (Video)


Commercial operation.

The Duran
Julian Assange explains how “troll farm” in St. Petersburg was nothing more than social media spam business (Video)
Alex Christoforou

also

Democrats want taxpayers to give them $300M to fight $100K in “Russian troll” Facebook ads
Also at The Duran
Lucy Komisar, who is perhaps the greatest living investigative journalist, has discovered — and has documented in detail — that the source of the Russiagate charge against Russia, the source of the charge that Donald Trump’s Presidential campaign had connived with Russians in order to be able to win the U.S. Presidency, can be found in explaining the why’s and wherefore’s of the key event, when Donald Trump Jr., Paul Manafort, and Jared Kushner, met with Russian lawyer Nataliya Veselnitskaya, in Trump Jr.’s Trump Tower office, on 9 June 2016.
Komisar figured it out: Veselnitskaya, thinking that Trump might become America’s President, lured (through George Papadopoulos, the Trump-campaign volunteer whom Komisar unfortunately doesn’t mention, but he was the contact between Veselnitskaya and the Trump team) Trump’s team, into that meeting, by promising (as communicated to them via Papadopoulos) to inform them of dirt against Hillary Clinton. But that wasn’t Veselnitskaya’s real purpose, Komisar has found....

Anatoly Karlin

also
The effort of the American ruling class to offset its economic decline using military force is leading mankind to the brink of another world war...
At the same time, it serves as a ready-made pretext for censorship and domestic repression that goes far beyond the extraordinary measures adopted under the framework of the “war on terror.” Russia, the American people are supposed to believe, uses domestic social opposition to weaken the United States, rendering political dissent effectively treasonous.
Already, this campaign has led the major US technology firms to implement far-reaching measures to censor political speech on the Internet. Google is manipulating its search results and Facebook is manipulating its news feeds, while seeking to turn the social media platform it has developed into an instrument of corporate-state surveillance.…
WSWS (Trotskyite)
The Russian meddling fraud: Weapons of mass destruction revisited
Andre Damon and Joseph Kishore

also

Counterpunch
Extraordinary Popular Delusions and the Madness of Russiagate
Thomas L. Knapp | director and senior news analyst at the William Lloyd Garrison Center for Libertarian Advocacy Journalism

also

Zero Hedge
"We Primed Ourselves For Discord" - The Dangers Of Exaggerating Russia's Role In The 2016 Election
Tyler Durden

My take: The overreaction to alleged Russian "meddling" is irrational unless there is a hidden agenda driving it. Cui bono?

Marshall Auerback — Trump’s Bogus Infrastructure Plan Takes the U.S. Further Down the Road of Rentier Capitalism

President Trump presented his infrastructure plan last week. If you’re keen on the idea of out-of-control privatized utilities gouging customers and manipulating energy markets, or consortia building overpriced, expensive toll roads (until they go bust), then you’ll love the president’s proposals. His mooted public-private partnerships are another variant of socialism for the rich and free market discipline for the rest of us. PPPs are like a religion that offers its adherents the promise of capitalist heaven via tax breaks, subsidized funding, and guaranteed returns, minus the discipline of private bank credit arrangements or potential bankruptcy, the costs of which are invariably borne by a public already experiencing the hell of significantly more restricted access (think toll roads and bridges), higher user fees or “slower lane” traffic (think the end of net neutrality), and the costs of bailouts if and when the venture goes bust....
No private market discipline is enforced on management because in most cases they are given control of what was once a public monopoly, which is simply converted into a private one. It’s rentier capitalism, plain and simple.... 
In essence, these public-private partnerships are one of the sick jokes that the neoliberal era visited on all of us in the name of economic efficiency and responsible government—a ‘joke’ because the beneficiaries of all this public largesse have been laughing all the way to the bank as stupid public officials continue to fall prey to their lobbying as they joyfully hand over the keys to the public purse. Trump is simply perpetuating the trend of allowing governments to continue to abrogate their true responsibilities to pursue and safeguard public purpose. Governments should never have become agents of private profit.…
Neoliberalism can be viewed as government as agent of private profit based on "free market" ideology that prioritizes private ownership over public because "efficiency," along with public policy that favors capital formation as the basis for growth, under the assumption that "a rising tide lifts all boats" (trickle down).

Naked Capitalism
Trump’s Bogus Infrastructure Plan Takes the U.S. Further Down the Road of Rentier Capitalism
Marshall Auerback
Cross-posted from Alternet

Reuters — Top US Treasury official slams China's 'non-market behavior'

  • The U.S. Treasury's top diplomat accused Beijing of "patently non-market behavior" and said that the United States needed stronger responses to counter it. 
  • David Malpass, Treasury's undersecretary for international affairs, said that market-oriented, democratic governments were awakening to the challenges posed by China's economic system, including from its state-owned banks and export credit agencies.
  • He reiterated his view that China had stopped liberalizing its economy and was actually reversing these trends.
The US position is that only one system — neoliberalism — is allowable, the one it makes the rules for. (Neoliberalism is the system in which private business controls government.)

China is never going to buy into this, since it is tantamount to acknowledging the US as the actual "Middle Kingdom."

Collision course.

CNBC
Gordon Watts

See also


World Economic Forum

Venezuelan oil workers too weak and hungry for heavy labor


Paybacks are hell:




Let's see what this new coin thing they released does...

Safe Schools


Let's see...  "immediately fire back... at much less costs than guards..."

1.  "counter puncher" i.e. "eye for an eye" i.e. "get even"...

AND

2.  "save money!"

What's not to like???




Wednesday, February 21, 2018

Paul Craig Roberts — Russiaphobia Is Out of Control

All Mueller has found is a bait-click commercial marketing scheme that had nothing to do with election interference.…
When a country armed to the teeth with nuclear weapons and overwhelmed by its own exceptionalism and indispensability has political and media lunatics equating a bait-click commercial marketing scheme with Pearl Harbor, that country is a recipe for the end of the world.
After done a significant amount of research on this, I have come to this conclusion, too. 

Paul Craig Roberts
Russiaphobia Is Out of Control

See also

Stephen F. Cohen delves more deeply into the issues raised by PCR above.
Its allegations and practices suggest disdain for American institutions, principles, best interests, and indeed for the American people....
In short, as Cohen has argued previously, Russiagate and its elite adherents are now the number-one threat to American national security, not Russia itself....
The Nation
‘Russiagate’ Is Revealing Alarming Truths About America’s Political-Media Elites
Stephen F. Cohen | Professor Emeritus of Russian Studies, History, and Politics at New York University and Princeton University



Bill Mitchell — Welcome to the ‘homeless’ working poor – a new neoliberal KPI

In advanced nations, poverty used to be a thing of old age, once income had stopped due to retirement and savings depleted. Old-aged pension systems were intended as Welfare States emerged to prevent that fall into poverty. The pension systems reduced the incidence of extreme poverty and the full employment era that followed the Second World War, where governments committed to using their fiscal capacities (spending and taxation) to ensure there were sufficient jobs for all, allowed workers to improve incomes and saving. Research in the early 1970s (particularly from the US, where the pension systems were less generous and working conditions less regulated) started to disclose the incidence of the ‘working poor’. In more recent times, the concept of the working poor has spread from the US to most advanced nations. In this modern era of renewed real wage repression, rising energy costs and housing costs, workers are not only facing increased risk of poverty but also of homelessness. Welcome to Australia – the nation with the second highest median wealth per adult in the world. Yesterday (February 21, 2018), the Australian Bureau of Statistics (ABS) released the – Wage Price Index, Australia – for the December-quarter 2017. Private sector wages growth was 1.9 per cent in the December-quarter continuing the seven consecutive quarters of record low growth. However, with the annual inflation rate running at 1.9 per cent, real wages growth was static. And with real wages growth lagging badly behind productivity growth, the wage share in national income is now around record low levels. This represents a major rip-off for workers. The flat wages trend is also intensifying the pre-crisis dynamics, which saw private sector credit rather than real wages drive growth in consumption spending. And now, the latest data shows that workers are experiencing increased homeless. It is not just a problem of the ‘working poor’ now. Welcome to the ‘homeless’ working poor – a new neoliberal KPI.
Bill Mitchell – billy blog
Welcome to the ‘homeless’ working poor – a new neoliberal KPI
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Jimmy Dore - New York Times Reporter Debunks Russia Twitter Panic

Jimmy Dore hits home again, Washington is a laughing stock. If only Americans knew what the content of the Russian Twitter adverts, then they would be rolling about with laughter too. Congress and the CIA are so upset about some silly, nonsense adverts.

  

Peter Dorman — Divide and Rule


Progressive universalism versus targeting the poor and forgetting the struggling middle class and working poor — the precariat.

Econospeak
Divide and Rule
Peter Dorman | Professor of Political Economy, The Evergreen State College

Pat Lang — Project Lakhta - What was the goal?

Since the end of the first Cold War and the collapse of the USSR the US has treated Russia with overbearing contempt and hostility. The Russians appealed to the US to be allowed a more open role in European affairs. The response was to drive the borders of NATO far to the east, to the borders of what is but a rump of the Russian Empire before WW1.
The Russian response is to use what they see as a legitimate instrument of statecraft against us. This instrument seeks the weakening of enemies through exploitation of their own defects.

Our response to this is to adopt a high handed attitude that speaks volumes about us. We admit that we do the same things to others even as we claim an absolute right to do this because we are the future of humanity, the dwellers in the "city on the hill."...
Sic Semper Tyrannis
Project Lakhta - What was the goal?
Col. W. Patrick Lang, US Army (ret.)
At the Defense Intelligence Agency, Lang was the Defense Intelligence Officer (DIO) for the Middle East, South Asia and counter-terrorism, and later, the first Director of the Defense Humint Service. At the DIA, he was a member of the Defense Senior Executive Service. He participated in the drafting of National Intelligence Estimates. From 1992 to 1994, all the U.S. military attachés worldwide reported to him. During that period, he also briefed President George H. W. Bush at the White House, as he had during Operation Desert Storm.
He was also the head of intelligence analysis for the Middle East for seven or eight years at that institution. He was the head of all the Middle East and South Asia analysis in DIA for counter-terrorism for seven years. For his service in the DIA, Lang received the Presidential Rank Award of Distinguished Executive. — Wikipedia
See also
None of Risch’s remarks addressed the fact that the U.S. Constitution gives Congress, rather than the president, the power to declare war.
The Intercept

Jimmy Dore - Bill Binney: NSA Reveals Why US Is In Syria



The US perpetual war machine is a money making racket, says Bill Binney, an ex US intelligence official. Now they invent a new cold war with Russia because of the hacking scandal that never happened, which is supposed to be on par with Pearl Harbour, so they can swindle even more trillions out of the tax payer. These wars never seem to end, says, Bill Binney, as the Syrian war starts up again, and they will be able to drag the new cold war out for years making some serious money. KV


Masha Gessen — The Fundamental Uncertainty of Mueller’s Russia Indictments


Even Russian ex-pat Putin-phobe Masha Gessen gets the Mueller indictments essentially right.

First politicized intelligence, then politicized justice.

The New Yorker
The Fundamental Uncertainty of Mueller’s Russia Indictments
Masha Gessen, staff writer


See also
Military's 'sock puppet' software creates fake online identities to spread pro-American propaganda
The Guradian (March 17, 2011)
Nick Fielding and Ian Cobain

Ramanan — A Short Biography Of Robert Neild


Robert Neild was an associate of Wynne Godley in the Cambridge Economic Policy Group.

Keeper Godley quote, too.

The Case for Concerted Action
A Short Biography Of Robert Neild
V. Ramanan

Farid Ben Amor — How should we regulate the flow of online content?


Under a "free market system" platforms become the curators of content and its flow because "business decisions are best left to the private sector." However, the dynamics of this market limit competition and the tendency is toward concentration. This leaves just a few at the top in the drivers seat. Content creation and distribution are increasingly being combined as major players go vertical. The result is growing market asymmetry. 

Is this an issue that should be addressed politically and legally? The title below assumes that the answer is yes and asks how it should be managed.

The neoliberal solution is to legislate in favor of capital formation. The ordoliberal solution is to legislate against anti-competitive practices based on rent seeking through market power.

World Economic Forum
How should we regulate the flow of online content?
Farid Ben Amor | Knowledge and Community Lead, Future of Information and Entertainment Initiative, World Economic Forum

Thai Commercial


OffGuardian- “Yanks to the rescue”: Time’s not-so secret story of how Americans helped Yeltsin win 1996 presidential election


Steve keen tweeted this. So, Steve Keen is in with us on this one, and he reads the OffGuardian too. A great guy. KV


Imagine Izvestia ran a headline in January 2018 titled “Rescuing Donald”, in which it proudly boasted that a group of crack Russian election-fixers had been sent over to Washington to make sure Trump beat Hillary. Does anyone imagine it would stop short of impeachment for Trump and maybe even hot war with Russia? Yet 22 years ago Time magazine ran just such a feature on how four Americans and an ex-pat Russian had managed the 1996 Russian presidential election to ensure a win for Boris Yeltsin. And apparently that was something to openly boast about.

OffGuardian- “Yanks to the rescue”



Deeyah Khan - What We Don’t Know About Europe’s Muslim Kids and Why We Should Care



I'm a sort of liberal but I was really surprised by this. I expected Deeyah Khan to say how Muslims and Europeans can get along easily if we stop being prejudiced. I thought it would be a warm, nice lecture but I got a big surprise when it turned out to be the absolute opposite.

Deeyah Khan has a Muslim father and a Norwegian mother and her father told her she that even as an academic the white people won't properly accept her so she would have to become a top musician or sportsman instead, and so she learnt music. One day when she was young, she went to get her favourite sweets at a shop and a Norwegian man blocked her entrance and when she tried to get by he spat in her face and told her to go back to her own country. She was devastated and totally scared and she looked around the shop for people to help her but no one did. After that she run home crying.

So, she grew up to become a top singer and musician but Muslim men started coming up to her saying she was a disgrace because women should be at home serving their husbands. Then they started giving her death threats, and then, after that, the hate mail started arriving where they said she would be raped hundreds of times and her stomach cut out so she could never have children.

Eventually, she left Norway feeling deeply sad and went to the UK but the same thing started happening again, young radicalMuslim men started threatening her.

 Deeyah Khan talks about young Muslim girls who don't want an arranged marriage will run away only to be hunted down and beaten, or even killed in an honour killing. She says how the British police don't want get involved with inter Muslim disputers even when these young girls plead with them to give them safety. One young girl who repeatably told police that her family was going to kill her was found dead, strangled and thrown under the floorboards of her home.

Deeyah Khan gave up music and went to America, but eventually she camet back to Europe to become a charity worker helping young Muslims who are having problems. When she first started interviewing young radicalised Muslim men she though she would find monsters, but instead she found broken, wounded, young men who felt alone and scared. Like the young Muslim women, they didn't fit in with their families but they didn't fit in with white society either, so extremist Muslim clerics would take them in and offer them companionship, love, and acceptance, but then go on to radicalise them into becoming Jihadists or suicide bombers.

Deeyah Khan helps to bring these young men back into mainstream society and also helps them to obtain better relationships with their families. She warns them about the extremist Muslim clerics and how they are really using them for their own gain.

I will have to put a link in the comments section to Nafezz Ahmed's article I just put out here.

Nafeez Ahmed - ISIS recruiter who radicalised London Bridge attackers was protected by MI5

From collusion to blowback

Dr Nafeez Ahmed is a serious scholar and not a conspiracy theorist. He once worked for the UK Guardian but he started getting too close to the truth for them. He still sometimes writes for The Independent. KV 

Except - 

The terrorists who rampaged across London on the night of 3 June were part of a wider extremist network closely monitored by MI5 for decades. The same network was heavily involved in recruiting Britons to fight with jihadist groups in Syria, Iraq and Libya.
Police have confirmed that Khuram Shazad Butt, Rachid Redouane and Youssef Zaghba were the three terrorists shot dead after participating in a brutal van and knife attack in the London Bridge area.

MI5 and ISIS recruiters, sitting in a tree

The official explanation of the failure to prosecute Bakri and Choudary for so long despite this track record is that the two were notoriously clever at appearing to staying on the right side of law. Supposedly, this meant that counter-terrorism officials found it difficult to build a case against them.
This narrative is problematic. Security sources speaking outside of official press statements have pointed to a somewhat different reality: that both Bakri and Choudary had ties to MI5.
In his book The Way of the World, Pulitzer Prize winning reporter Ron Suskind recounts how he was told by a senior MI5 officer that Bakri had long been an informant for the security service, who “had helped MI5 on several of its investigations.”
Bakri confirmed the same in an interview with Suskind. “Bakri enjoyed his notoriety and was willing to pay for it with information he passed to the police,” wrote Suskind.
“It’s a fabric of subtle interlocking needs: the [British authorities] need be in a backchannel conversation with someone working the steam valve of Muslim anger; Bakri needs health insurance.”
Bakri’s ties with British intelligence to support foreign operations, moreover, go back decades.
As I wrote in the Independent on Sunday:
“According to a former US Army intelligence officer, John Loftus, three senior al-Muhajiroun figures — Mr Bakri Mohammed, Abu Hamza and Haroon Rashid Aswat — were recruited by MI6 in 1996 to influence Islamist activities in the Balkans.”
But the connection did not stop there.
In 2000, Bakri admitted training British Muslims to fight as jihadists abroad, boasting: “The British government knows who we are. MI5 has interrogated us many times. I think now we have something called public immunity.”
A year later, the private security firm set up by Bakri in cohorts with Abu Hamza — Sakina Security Services — was raided by police and eventually shut down. Speaking in Parliament at the time, Andrew Dismore MP claimed the firm sent Britons “overseas for jihad training with live arms and ammunition”. Bakri was not arrested, let alone charged or prosecuted.
In short, Omar Bakri’s utility to British state operations in foreign theatres, such as the Balkans, appeared to grant him immunity in extremist recruitment at home.
To this day, it is not widely known that Bakri and his al-Muhajiroun network played a key role in facilitating the recruitment, radicalisation and logistics behind the 7/7 London bombings. The ultimate suppression of crucial evidence of this from government narratives, despite being mandatory reading for all legal counsel during the 7/7 Coroner’s Inquest, has granted the group virtual free reign.
Thus, Omar Bakri’s acolyte and deputy, Anjem Choudary, led a similarly charmed life.
Days after Choudary’s terrorism conviction, a former Scotland Yard counter-terrorism officer who had investigated Choudary revealed that prior to the proceedings, Choudary too had been protected by MI5.
The Telegraph reported that despite being at “the forefront of radical Islam in Britain” for 20 years:
“The security services repeatedly prevented Scotland Yard from pursuing criminal investigations against hate preacher Anjem Choudary… Met counter-terror officers often felt they had enough evidence to build a case against the radicalising cleric, only to be told to hang fire by MI5, because he was crucial to one of their on-going investigations.”
It was only in August 2015, after Choudary posted YouTube videos online which openly documented his support for ISIS, that he was eventually prosecuted. Prior to that, the police believed they had a watertight case, but the decision not to prosecute had come from MI5.
The police source himself told the newspaper:
“I am gobsmacked that we allowed him to carry on as long as long as he did. He was up to his neck in it but the police can’t do full investigations on people if the security service say they are working on a really big job, because they have the priority. That is what they did constantly. While the police might have had lots of evidence they were pulled back by the security service because he [Choudary] was one of the people they were monitoring. It was very frustrating and did cause some tension but we were told we had to consider the bigger picture.”

The bigger picture: war

According to Charles Shoebridge, though — a former British Army and Metropolitan Police counter-terrorism intelligence officer — “nothing was done by UK authorities” to stop UK citizens “joining jihadist groups in Libya and Syria.”
This was despite the fact that these Britons “made no secret on social media of the fact, even sometimes posting evidence of their participation in acts of terrorism and war crimes.” There was an “obvious risk of terrorism blowback were such trained and experienced extremists to return to Britain.”


Tuesday, February 20, 2018

The Saker — Hilarious (and politically incorrect!) video to encourage Russians to vote (MUST SEE!)

I laughed my head off when I saw this. So I emailed Eugenia and begged her to subtitle this in English (press “cc” to see the English subs). Not only is this video really funny, it is blissfully politically incorrect. Just see for yourself! Truth be told, the message of this video is pretty clear: vote for Putin or brace for either Commie or Western hell. In a deeper sense it also shows how most Russians feel about Soviet or Western “values”. By the way, a lot of people in Russia (Communists and liberals) were absolutely enraged by this video. Which, of course, makes it even more politically effective and delicious to watch. Enjoy! The Saker
The Vineyard of the Saker
Hilarious (and politically incorrect!) video to encourage Russians to vote (MUST SEE!)
The Saker

Edward Harrison — James Montier: The Advent of a Cynical Bubble

James Montier is one of my favorite market strategists. He is really good on behavioral economics. And his work inspired one of my favorite posts here on 17th century philosophers Descartes and Spinoza. James is also very good on his macro because he understands modern money and the sectoral balances framework of the late Wynne Godley....
Credit Writedowns
James Montier: The Advent of a Cynical BubbleEdward Harrison

 also
We are going from a market protected by the Fed to one in which the Fed is dragging the market in tow. As the Fed has begun lifting rates, the market has consistently proved to underestimate the Fed’s conviction. And I believe this trend will continue, driving interest rates higher. This will, in turn, create equity market volatility.
If this happens, the Fed will likely move aggressively to "prove" its determination. (It's about creating expectations, after all.)



Scott Adams — What if the News Reported Only Facts?

The business model of the news media has moved away from hard reporting and toward punditry and opinion. Viewers enjoy opinion-driven content and it costs a lot less to produce than hard news. And that means the news industry has moved from factual reporting to — for all practical purposes — some form of imaginary mind reading to fill the hours.
I’ll need some examples to make my point. Below I will imagine how several headline stories about President Trump could have been reported factually without the mind reading. I include the mind reading interpretations for contrast.
Scott Adams Blog
What if the News Reported Only Facts?
Scott Adams, creator of Dilbert

Bill Mitchell — The ‘tax the rich’ call bestows unwarranted importance on them


Bill answers the main questions about MMT and a progressive agenda to address wealth inequality.

There is no need for a currency issuer to tax to obtain the funds it issues itself.

The reasons that a currency issuer should tax excessive wealth is political, in that wealth conveys political power.

Neoliberalism differs from classical liberalism (laissez-faire) by harnessing government to promoting the interests of capital rather than reducing government involvement in the economy as a matter of principle.

Bill Mitchell – billy blog
The ‘tax the rich’ call bestows unwarranted importance on them
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Lyle J. Goldstein — Status-6: What Russia Is Saying About Its 100-Megaton Nuclear Torpedo

The new Russian underwater doomsday weapon Status-6 is a fitting symbol of the New Cold War and its senselessness.
The National Interest
Status-6: What Russia Is Saying About Its 100-Megaton Nuclear Torpedo
Lyle J. Goldstein | Professor of Strategy in the China Maritime Studies Institute (CMSI) at the United States Naval War College in Newport, RI.

Zero Hedge — "The Petro Is Born Today" - Maduro Launches Oil-Backed Crypto "For The Welfare Of Venezuela"

More than two months after Venezuelan President Nicolas Maduro announced his intention to launch the world's first state-sponsored cryptocurrency to try and help Venezuela raise some badly needed foreign capital, the Petro - backed by 5 billion barrels of oil that are still waiting to be pumped out of a local oilfield - is now a reality....
To fuel demand, the government guarantees that it will accept the Petro as payment for taxes and fees. It has also said it will seek to promote the Petro abroad....
Zero Hedge

Desperation.

Why Washington Struck Russian Contractors In Syria
Nauman Sadiq is an Islamabad-based attorney, columnist and geopolitical analyst focused on the politics of Af-Pak and Middle East regions, neocolonialism and petro-imperialism.

also
In a historic first, a poll published on Monday by German newspaper Bild put the anti-immigrant, Alternative for Germany (AfD) party at 16%, showing that they are currently the second most popular political organization in Germany and more popular than Germany's Social Democrats (SPD) , Merkel's "Grand Coalition" allies. The poll, conducted by INSA put the AfD on 16%, just ahead of the SPD on 15.
Anti-Immigrant AfD Now The Second Most Popular Party In Germany
Tyler Durden

Moon of Alabama "Russian bots" - How An Anti-Russian Lobby Creates Fake News — Moon of Alabama "Russian bots" - How An Anti-Russian Lobby Creates Fake News


Another detailed account.

Conclusion.
This is nuts.
Last August, when the Hamilton 68 project was first released, the Nation was the only site critical of it. It predicted:
The import of GMF's project is clear: Reporting on anything that might put the US in a bad light is now tantamount to spreading Russian propaganda.
It is now even worse than that. The top ranking of the #merrychristmas hashtag shows that the algorithm does not even care about good or bad news. The tracked twitter accounts are normal people.
The whole project is just a means to push fake stories about alleged "Russian influence" into U.S. medias. Whenever some issue creeps up on its dashboard that somehow fits its false "Russian bots" and "divisiveness" narrative the Alliance for Securing Democracy contacts the media to spread its poison. The U.S. media, - CNN, Wired, the New York Times - are by now obviously devoid of thinking journalists and fact checkers. They simple re-package the venom and spread it to the public.
How long will it take until people die from it?
Moon of Alabama
"Russian bots" - How An Anti-Russian Lobby Creates Fake News
b

Matias Vernengo — Talk of military intervention in Venezuela is absurd


Gunboat diplomacy.

Naked Keynesianism
Talk of military intervention in Venezuela is absurdMatias Vernengo | Associate Professor of Economics, Bucknell University