MICHAEL HUDSON—Well, for many years I was at the center of the university that promoted modern monetary theory, the University of Missouri at Kansas City. And that was created with a contribution by Warren Mosler to bring the faculty there. So yes, I’m one of the original modern monetary theory faculty people….And the theory is that it’s not really a theory – it’s the description of how banking really works. And I guess the leaders outside of academia are Dick Cheney and Donald Trump. They said that deficits don’t matter, we can simply do what banks do. Just like when you go into a bank and you take out a loan, the bank doesn’t have to have any money in it. It will write you a loan and it will deposit money in your account. And so, the bank asset goes up by your deposit and your asset goes up by the deposit. The bank has a credit to you, the loan IOU that you signed at interest. And the debt, what it’s had to borrow the money from the Federal Reserve, or something. Banks create their own credit money…Governments can do the same thing. The government can print whatever it wants. In fact, every time there’s a war, like World War I, all the observers thought that World War I was going to end in six months because governments would run out of money. Well, they didn’t run out of money, they printed the money. Just like America printed greenbacks in the Civil War. And the people don’t have to borrow money at all.
IMPERIALIST SICKNESS
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PAUL EDWARDS—By the time of the American Empire’s Afghanistan and Iraq obscenities the self-defense con for inflicting mass murder on civilians had been seriously vitiated. Fallujah made it a sick joke. Paradoxically, though it was exposed as a punctured cliche for giving patchy cover to military murder, it continues to be used by stupid high brass and fogged heads of state content to be known universally as psychopathic liars and criminally insane.
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Israel’s leadership urge Netanyahu to Ignore “international demands” and exterminate the Gazans.
15 Mins readERIC ZUESSE—”Since October 7, there has been no shortage of genocidal calls from Israeli leaders, as well as clear plans, also at ministerial level, for the complete ethnic cleansing of Gaza. And while the usage of biblical euphemisms like Prime Minister Netanyahu’s “Amalek” reference may appear too vague for some, even if the story suggests killing infants, on Sunday retired Major General Giora Eiland, former head of the National Security Council and current advisor to the Defense Minister, decided to spell out genocide more explicitly.”
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FRANK SCOTT—This has led to the most blatant attack not only on the bodies of the people in the region but on the consciousness of those who have been kept blessedly ignorant of material conditions and are now having their minds raped by western propaganda which in the present labels everything and anything as fascist or communist or racist for simply demanding equality among all and ending the supremacy of some of the most morally degenerate leaders in all history.
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The Normalisation of the Psycho Mind: Israeli host threatens the Arabic world with genocide, live on TV
5 minutes readFIORELLA ISABEL—They’re already doing it so tell us something we don’t know.
Israel is perhaps the only country that’s told the world they would commit a mass genocide, did it , & then threatened world governments to continue to fund or support them.