The Selfish Ledger
YouTube has the video The Selfish Ledger.
This internal video from 2016 (leaked to the Verge) by Nick Foster shows a Google concept for how total data collection could reshape society.
YouTube has the video The Selfish Ledger.
This internal video from 2016 (leaked to the Verge) by Nick Foster shows a Google concept for how total data collection could reshape society.
YouTube has the video How Google Shifted 6 MILLION Votes To Joe Biden! w/ Dr. Robert Epstein.
Former Harvard psychology professor and current director of the American Institute for Behavioral Research and Technology (AIBRT) Dr. Robert Epstein joined The Jimmy Dore Show to discuss his investigations into electoral manipulation by Google and other tech giants. He claims that Google’s underhanded machinations directed 6 million extra votes to Joe Biden in 2000
Jimmy, along with guests Craig “Pasta” Jardula and Americans’ Comedian Kurt Metzger, talk to Dr. Epstein about his remarkable research and just how much duplicity is coming out of the company that long ago abandoned the “Don’t be evil” motto.
Do you believe this? I am going to look at some of the websites mentioned in this interview. Of course they are going to support Dr. Epstein, so I have to guard my skepticism.
The institute for New Economic Thinking has a very important video The Lehman Disaster and Why It Matters Today
On September 15, 2008, Lehman Brothers, a giant investment bank with a storied history, filed for bankruptcy. The shock was profound; world markets melted down.
Most people have no idea of the seriousness of the situation unless they listen to this podcast. My problem is that I lived through these events and I cannot forget them.
The west is dead set against letting the BRICS (and China and Russia) from fixing this disease in the west. (More pointedly the west does not want an alternative system that could exist and prosper as the west collapses.)
Michael Hudson has posted the article High Finance & Investment Colonialism that includes the Geopolitical Economy Hour.
Political economists Radhika Desai and Michael Hudson explain how imperialism is a product not only of the struggle between classes but also nations, and how the framework of geopolitical economy helps us understand the international relations of the capitalist world system.
It is not until the wrap-up phase that they make the necessary point that a mixed economy is the one that works best.
Rahdika Desai kept pressing the point that planning was important to make any economy work. She never talked about the harm that too much centralized planning can cause.
I believe that the emphasis on central planning is what eventually limited the communist system of the Soviet Union.
Of the two major communist powers, I think that China was the first to understand the need for some capitalist competition to complement the central planning part of socialism. Only later, with the breakup of the Soviet Union and its brief castastrophic dalliance with USA style privatization that Russia too learned the lesson that China had learned.
Iran’s presstv.ir has the article Iran’s induction into BRICS group a masterstroke of diplomacy: Expert.
Pepe Escobar, speaking to the Press TV website, said Iran has been increasingly working in sync with the Russia-China strategic partnership, as evidenced by its inclusion in the Shanghai Security Organization (SCO), and this strategic relationship helped prepare the ground for its BRICS membership.
.
.
.
“For Iran, this is a masterstroke. This was done thanks to excellent diplomatic work by the Iranian foreign ministry,” he noted in conversation with the Press TV website.
The Institute For New Economic Thinking has published the article The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility.
My just-published book, Investing in Innovation: Confronting Predatory Value Extraction in the U.S. Corporation (currently available for free pdf download)
There is a good explanation of how Intel lost its technical world leadership in semiconductors.
Pepe Escobar has published the article Welcome to the BRICS 11 in The Cradle.
In the end, History was made. Surpassing even the greatest of expectations, the BRICS nations performed a giant step for multipolarity by expanding the group to BRICS 11.
I don’t claim that this is an even handed report, but it is Pepe Escobar’s view of events.
This is an excellent episode or the Geopolitical Economy Report titled How China became the world’s industrial superpower – and why the US is desperate to stop it.
China has gone from one of the poorest countries on Earth to building the world’s largest economy, responsible for nearly one-third of global manufacturing. Meanwhile, the US de-industrialized and financialized its economy. Journalist Ben Norton explains how.
This is an excellent analysis by Ben Norton. I kept thinking he was leaving out the time of the Chinese “cultural revolution”, but he eventually talked about it and its deleterious impact on China. Maybe the USA could straighten itself out if more people in this country would listen to Ben Norton’s explanation.
YouTube has the video Did the debt ceiling deal really save the US from bankruptcy?.
Economists Radhika Desai and Michael Roberts discuss the US debt ceiling deal reached by President Joe Biden and the Republican opposition, and what it means for the future of the economy
This focuses on what the government should be funding. They also seem to take leave of their senses when they talk about government borrowing. They seem to completely forget all they know about modern money theory. In discussing the private banks’ trouble with rising interest rates. they do not make clear that it is the rising of interest rates that decreases the value of the banks’ bond holdings. Many people do not know that the relation between interest rates and the value of existing bonds is an inverse relation. If you think both things rise together, you make very bad policy decisions. They also make no mention of how much the Federal Reserve Bank spends to buy Treasury securities. This throws off their discussion of government borrowing completely out of whack. May be they should talk about the whack deficit in this discussion.
I just cannot stand to watch any more of this crap. If these people cannot get the economics right, why are they even on the air? Notice that Michael Hudson is not present to try to bring this discussion back to reality.
I had a mental picture of how checks between banks got cleared. I decided that I needed more details. I have been reading articles. Here is one that might explain most of what I have learned I just realized that I have not made the connection to the overnight bank-to-bank lending process called the Repo market. I’ll make that connection next.
What Is the Automated Clearing House, and How Does It Work?
This article greatly expands my knowledge of the Repo market and the Federal Reserve’s role in the market. What is the repo market, and why does it matter?
Whie I am at it, I might as well throw in something about What Is the SWIFT Banking System? Investopedia.
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) system powers most international money and security transfers. SWIFT is a vast messaging network used by financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions.