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11/2022 A “debt limit” is really a scam to impose austerity on the non billionaires

Updated: Jan 12

ARCHIVE: “The Nation”

https://www.thenation.com/?post_type=article


Greenwashing COP27: Coke Is It

A major polluter sponsors the climate summit.”


Common Ringlet (Coenonympha tullia)

Ice Age National Scientific Reserve Unit, Wisconsin, USA

2019-06-16 _F2A5662aaa


“Dozens of LNG-laden ships queue off Europe's coasts unable to unload”


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“Wildfires in US west fueling extreme weather in other states, study finds

US energy department research links megablazes in the west to hail, deluges and risk of flash floods in central states”


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“UN warns against alarmism as world’s population reaches 8bn milestone

UNFPA head urges countries to focus on helping women, children and marginalised people most vulnerable to demographic change”


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“UK ‘too slow’ over climate crisis despite stark IPCC report

This article is more than 7 months old

Scientists’ concerns come after Jacob Rees-Mogg declared ‘every last drop of oil from the North Sea’ should be exploited”


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A hint of Britain’s failed attempt at Untaxing the Rich. Wealth concentration and tax cuts suppress economic activity,…except if your rich:

“Pound Rockets As UK Rips Up Budget, US Stocks Gain”

“The pound surged against the dollar Monday as Britain's fourth finance minister in as many months sensationally ripped up a tax-cutting budget that had spooked markets.

Chancellor of the Exchequer Jeremy Hunt axed almost all of the debt-fueled tax cuts unveiled last month by the new government of Prime Minister Liz Truss, reassuring markets that had tanked and pushing the pound to an all-time low against the dollar.”


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F35’s are used for dropping Nuclear Bombs:


“Peace Activists, 220+ Groups Demand US Cancel F-35 Fighter Program

"To the people in the countries the F-35 is sold to and produced in, it's time we demand a reinvestment into life, not war," asserted Pink Floyd rocker and peace activist Roger Waters.”



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Shazam, shazam, America decided to Export it’s Oil and Gas and the prices of these goods went up on Main Street:

“New Report Vindicates Critics Who Opposed 2015 Repeal of US Oil and Gas Export Ban

Big oil claimed boosting fossil fuel exports would be a boon to U.S. consumers, but researchers say the "economic instability and damage to local communities and the planet created by this rapid export expansion are only now becoming clear."”


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“The 'Big Lie' GOP Has Some Other Midterm Whoppers Up Its Sleeve

They involve crime, inflation, and taxes.”


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The Collapse Chronicle:

“The joke heard round the world is that, famously, the lettuce lasted longer. Than Liz Truss, Britain’s PM, whose ill-fated term ended in just 45 days, in which Truss and Kwasi Kwarteng, her Chancellor of the Exchequer, both radical libertarians, proposed borrowing mega amounts for tax cuts for the super rich, which proceeded to instantly crash the pound, tank the nation’s savings, and send interest rates soaring.”


“Why Britain is Collapsing

How a Nation Ends Up on a Merry-Go-Round of Doom”


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2008 Mortgage Crisis, Take 2:

“Two researchers have blown the whistle on how Wall Street banks have, once again, endangered the stability of the US financial system through opaque and dangerous use of over-the-counter derivatives.”

“This Time Will Be Different: One or More Corporations Will Blow Up from Derivatives along with Global Banks”


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WW3

“Turkish-born American Economist Nouriel Roubini said this week that a cold war between the U.S. and China is worsening and World War 3 has already begun. “World War III has already started. It started in Ukraine, because this conflict has broader implications that are going well beyond Russia and Ukraine,” Roubini said.”


“'World War 3 Has Already Started': 'Dr. Doom' Nouriel Roubini On What Could Ignite The Cold War Into A Hot One”


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The American dream is really an American Nightmare. That’s why they wont break up the media:

“Believe Me, This Might Be the New Middle Ages”

“We’ve come to see the period as a time of darkness in the West, when famine, diseases and barbarism were common.”


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Understand that by Law your bank can legally seize your deposits. You no longer own it.

Your checking account your savings account can simply changed to be in the banks name and you will legally Unable to get any part of it because it legally no longer belongs to you.


“The Treasury Market Could Seize Up. That Could Be Disastrous for Everyone.”


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“Oil Industry Moves to Overturn Historic California Drilling Protection Law

The industry’s ballot push to roll back newly enacted safety zones would delay implementation for nearly two years, until voters decide the law’s fate in 2024.”


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A “debt limit” is really a bullshit scam to impose “austerity on the non billionaires” (as well as to foster disaster capitalism opportunities)


Be Consistent: When Washington imposes a debt limit they should also make Congress repay the money they “borrowed” from the Social Security Trust Fund and the Federal Reserve should cease borrowing to banks.


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Anonymous: “I was going to go vegan because animal agriculture was destroying planet, but now plant agriculture is failing left and right and there isn’t a reliable supply of vegetables!”

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