Yearly Archives: 2023


Matt Taibbi on the Twitter files

YouTube has The Grayzone video Matt Taibbi on the Twitter files.

Matt Taibbi joins The Grayzone live for a discussion with Max Blumenthal and Aaron Maté about his reporting on internal Twitter files exposing shocking levels of US government pressure on the social media giant to censor accounts dissenting against official deceptions and revealing some of the most titanic frauds of the Trump-era Russiagate drama.


I haven’t been paying a lot of attention to the Twitter files story, so this was somewhat eye-opening for me. Some of the readers of my Facebook page or this blog may be way ahead of me on this story.

I hope I remember to point to this video if anybody should question my disdain for The Dreaded New York Times (TDNYT). This video validates my skepticism of TDNYT and my skepticism of the RussiaGate narrative. I think this also validates my skepticism of the coverage in the corporate new media of the war in the Ukraine.


Geopolitical Economy Hour

YouTube has the video Economists Radhika Desai & Michael Hudson explain multipolarity, decline of US hegemony.

Introducing Geopolitical Economy Hour: This is the first episode of a show being hosted every two weeks by economists Radhika Desai and Michael Hudson. They present the program and discuss the rise of the multipolar world and decline of US hegemony.


Finally a return to what I think is the most important topic going forward. It has been an interesting diversion to get wrapped up in the Ukraine War, but these economic issues are the ones driving everything else.

This introduction is a great summary of what Michael Hudson and Radhika Desai have been trying to explain to us for decades.

Keep in mind that they are discussing a multipolar world not a unipolar one nor even a bipolar one.


The Great Inflation Debate

Naked Capitalism has published the article The Great Inflation Debate: Supply Shocks and Wealth Effects in a Multipolar World Economy.

Setting the record straight and identifying less destructive pathways forward than round after round of interest rate increases.

Economic history is full of episodes in which inflation triggered both intense social conflicts and heated debates among economists and policymakers over its causes. The present worldwide upsurge in prices is no exception: from the moment governments and central banks first contemplated how to protect their citizens from COVID, inflation hawks and doves divided over whether the measures would touch off an inflationary price spiral.

This contradicts many of my assumptions about the cause of the current inflation. The inflation is about supply chain problems, but the people exercising the demand that drives inflation are not the ones I suspected.


Time Bomb in Global Finance

The Analysis News has the interview Time Bomb in Global Finance – Rob Johnson.

A Bank for International Settlements study says 60+ trillion dollars of off-the-books currency swaps could be a profound, systematic risk. Robert Johnson joins Paul Jay on theAnalysis.news.

OMG

I knew how to protect myself from the crash of 2008/2009, but I am not sure I know how to protect myself from the next disaster. What is being described here is the greatest reason why I am so angry at Obama for bailing out the Wall Street crooks and refusing to prosecute them. Remember that Obama specifically chose to go to Harvard so he could learn where the levers of power were. He learned only too well, and he refused to use that knowledge to protect the people who voted him into power.

I have already taken some more extreme measures than I took in 2008. I hope these measures are enough.

This is probably the Bank for International Settlements report that was the subject of the above video Dollar debt in FX swaps and forwards: huge, missing and growing