I’ve been reading Warren Mosler. I imagine helping him win in the US Virgin Islands.
Somewhere I substituted Madero for Chavez. I went looking for my mistake. I haven’t found it.
I don’t watch TV all day. When I watch the news on MSNBC I lament that I have no influence and haven’t been successful in getting a real big TV Event put on TV there or on NBC or even CBS or anywhere the Show Econ Wars Domestic & Foreign.
We are now reduced to arguing for Democracy. We are reduced to explaining to the ignorant mob why the US as a Democracy matters. I said before the election that the sort of “Democracy” Trump thought he was getting was the Federation form which is more of a Dictatorship than it is a Democracy.
Whenever I think of Russian life now I think of cold, slavery, and hunger. In particular the Stalinists starved people on purpose and through policy. Russia in the East is not food secure. One Party Rule and an Authoritarian Secret Government and people are starved.
One of my followers on Twitter pointed out that the US starved the American Indians. Starvation as a weapon of war is particularly cruel. It is a sign as well of an arrogant incompetence as was the case for the Romans of Italy under the Fascists rule of Mussolini. Mao & the repetition of Stalinist collectivization brought to the Chinese famine.
So I have been saying that defense of our Free Press & Democracy is a matter of life and death as regards your likelihood of starvation due to government policies.
Meantime in America if not America and Europe the price of shelter keeps rising. The Government creates money when it votes a bill that requires from the Treasury funding. Banks create money when they create a loan. The trading in real estate is the main interest of banks and they know how to do that and many of them hardly know how to do much of anything else. The new loan for the old real estate costs more than the last loan. I have a friend in Hoboken who is in a rent controlled apartment. His rent is going up by 400 dollars. So much for rent control aye?
It is getting to the point where the US Federally is facing forcing a write down on all real estate loans or forcing down rents somehow. The idea that the US Treasury would pay the difference to the Rentiers instead of writing down demands on wage workers is distasteful. Has capitalism so gotten out of control that fixing it calls for more drama than we really want to endure?
We can engineer some sort of working solution. Other nations have figured out what to spend money on so they have a peaceful prosperous civilized society. We here in the US can’t really claim to have that anymore. If you are living in some safe green community you are finding out you are in a minority and it is costing more and more for you to stay in that community. Boring costs.
For years now I have been saying that Barbara Tuchman is right, that the US needs to adopt the Parliamentary form of Democracy. We are suffering through a completely corrupt administration that we need to eject completely. Impeachment is simply not comprehensive enough when every important institutional office is filled by an opportunists or incompetent or and incompetent opportunist. Ben Carson is raising rents on poor people in government housing. The goal must be to increase homelessness. Even if the man is stupid if he had a goal that was the same as the mission statement for that government institution he wouldn’t be raising rents.
There is not even any serious pressure that raises the minimum wage to a wage that pays for a place to live and food to eat and clothes to wear and a car to drive that doesn’t force the majority into debt. All is taken from everybody including their dignity as their government sells to the rich all the rights to whatever will produce more private profits for the wealthy at the expense of everyone else.
I believe Warren Mosler has it in him to financially engineer an orderly systematic rescue of the US Virgin Islands. From there I want badly to believe he and his colleagues will put together an orderly reordering of the financial system so we do not see violent chaos that will allow the declaration of martial law by this President who would suspend elections if given half a chance.
I can say clearly that yes it is clear Trump is worth the effort to impeach, but it is all so horrific and so far gone that really isn’t enough.