Renegade Inc’s Claire Connelly was recently interviewed by Redacted Tonight’s Lee Camp about the myths of money & history that led to the present political crisis. Here is the summary of how government spending works…and why the current misunderstandings mean we are now in trouble.
Long before the Paradise Papers, or the Panama Papers, the Enron scandal, Savings and Loan crisis, WorldCom, and the Global Financial Crisis, governments in the US, UK and Australia were colluding with the world’s biggest banks and their clients using aggressions dynamics not to defeat but to suborn the controls of the supposedly independent professionals: The accountants.
Given the column-inches devoted to maligning Kim Jong Un as some kind of crazed war-maker, you’d be forgiven for having the impression that North Korea is provoking a potential military conflict in the Asia-Pacific. In reality, America has been trying to provoke war with the country since the 1950s when President Harry S Truman imposed a military dictatorship in South Korea, crippling sanctions on North Korea, and wiping out four million Koreans with napalm and white phosphorus from 1950-53. Don’t be fooled. Tensions with North Korea are entirely of America’s own making.
Washington in general, and the CIA in particular, are going after Julian Assange for one reason: Because he reveals the truth about the crimes they commit. The rest of it is bullshit.
More than 70% of US Municipal Bond holders are exposed to Puerto Rican debt, in excess of $1 billion. Operating in an environment with no oversight or regulation, this powerful group of private investors do not want any default on their bonds and expect a return of 100% or more. There is a dawning realisation within the White House that Puerto Rico cannot simply be abandoned like a failed Casino. Yet again, we see the way in which pure unregulated capitalism is creating unmitigated misery.