Monthly Archives: June 2016

Defending a fantasy

Liberals are still whining about the Brexit vote, as though the EU is a benevolent institution that opposes racism. They admit that the EU participated in the destruction of Greece, but Greeks are lazy bums, right? And yes, the EU … Continue reading

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Time for your daily helping

Boy I’ve seen some steaming piles before, but this is a piping hot mountain. Washington Post columnist Alan Sloan writes about the “dire state of Social Security’s finances.” I went on a family vacation that included two of my grandchildren. … Continue reading

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A profound mystery

Let’s see if you can figure this out. We know that the U.S. government is “broke,” since money is physical, and is therefore limited. Right? I mean, it’s not like the U.S. government can create money out of thin air, … Continue reading

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An oppressive institution

If a nation has a trade deficit, and cannot create its money out of thin air, then the nation will have ever-increasing debt, poverty, austerity, inequality, unemployment, and privatization. There are no exceptions to this rule. None. Never. France has … Continue reading

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Facts vs. labels

Lies told by the corporate media outlets have a two-tiered structure. The surface level contains assertions that are debatable. Beneath it is an underlying level that consists of labels and buzzwords which provoke emotional responses. The underlying level is the important one. It … Continue reading

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They’re at it again

In the wake of the Brexit vote, the “big three” credit rating agencies (Moody’s, Fitch, and Standard & Poor’s) have downgraded British “gilts” (i.e. Treasury securities) from “AAA” to “AA.” What does this mean? Absolutely nothing, since there is no … Continue reading

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Voices from the U.K.

The Brexit is only an “advisory” referendum, which means it is not legally binding, and the U.K. parliament can  ignore it. The process of leaving does not begin until the prime minister officially invokes Article 50 of the European Union’s … Continue reading

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