Good
News: Libya
has become “the frontline” of the US war against ISIS, replacing
Syria, where things haven't been going so well. It's part of
Hillary's advance planning.
Child's
Play: Police
in the UK say that there is not enough room in their jails for all
the pedophiles, even though large numbers of high ranking politicians
and public figures are exempt from prosecution in order not to
embarrass the Queen or former Pms. The police also complain that
they are spending too much time and effort monitoring them once they
are released. They suggest changing the punishment from
incarceration to education. Why not just shoot them?
Arming
the Enemy:
The
US has
shipped
a new bunch of F-16s to Iraq, which will eventually give them to ISIS
or the Iranians. But it's good for the US armament industry.
Gobbleization:
Something fundamental
is broken in the global economy.
Economic growth in advanced nations has been weaker for longer than
it has been in the lifetime of most people on earth. It is what
caused the cheap gasoline for your aging car and the even cheaper
interest rates on your savings. In the US, 81% of population
has had flat
or declining income over the last decade. It
is 97%
in Italy, 70% in the UK, 63% in France – which goes a long way in
explaining Trump, Brexit, Le Pen and the rest. US per-person GDP
growth has dropped from 2.2% over the last half of the 20th
Century to a disastrous 0.9% over the last 15 years, Western Europe
and Japan have done even worse. The pie is getting smaller.
Default:
The Swiss Supreme Court has ordered Israel
to
pay Iran $1.2 billion it
owes from a joint oil deal back in the 1970s. And bake them some
cookies, too.
Overpopulation:
We've
managed to go through a full year's supply of natural resources like
water, food and clean air in the first seven months of the year. No
seconds, stay in line.
Advise
And Dissent:
Trump's
economic
team: Larry 'free-market' Kudrow, Arthur
Laffer and the idiots who helped San Brownback drive Kansas'
economy into the ground. The
essentials of his plan will be to lower most taxes and eliminate
the estate tax (which only affects those with over $6 million to
leave), eliminate most federal regulations, build the Keystone
pipeline, increase global warming and start
a few wars to sop up the unemployed.
Tone
Deaf: BP plans
to replicate
the Deepwater Horizon oil disaster in
the Great Australian Bight Marine Reserve.
Educational
Visit: A team
of scientists who toured the Noah's Ark theme park in Kentucky
discovered that the only scientifically accurate signs were those
that pointed to the rest rooms.
A
Parting Shot:
1 comment:
What started as the battle to solve 'market saturation' has morphed into the battle to consolidate market share [can YOU say 'MONOPOLY'?]
by creating roughly 1,500 'billionaires' they created 7 billion
'paupers'. Yes, the vast majority of us live hand to mouth while the 'insiders' enjoy more than they can spend...[ironically creating the problem in the first place...]
Unrecognized in this 'turmoil' is the lack of investment opportunity. Now the people that have accumulated huge piles of cash have no place to put it.
Again, no irony should be lost on the fact this is due to the global race to the bottom, the drive to squeeze incomes so more profit can be extracted. Now there is no 'free cash' in the economy to pay interest, thus there is no investment.
The only way to, er, 'capture' higher than 'market average' returns is to buy 'charged off debt' [for pennies on the dollar] and then sic the legal system on the debtors.
Nice place the Neo-Con/Libertarians have made for us, eh?
Welcome to 'free market hell!'
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