by Randy Shannon, Progressive Democrats of America Economic & Social Justice Team
The velocity of money is the number of times a dollar changes hands in a certain period of time. The blue line falling on the right side means money is hardly moving. Production, earnings, and spending are depressed.
Folks, there is no recovery. Capitalism has failed. When it fails, the 1% panic and start militarizing the police, rigging elections, starting wars, and creating a surveillance state.
The red line shows that creation of money is at an all time high, and the rate of money creation is accelerating even now. The purple line shows that all this money is going to bank deposits of the 1%.
So the bankers policy of printing money and increasing their own wealth at our expense has not resulted in a recovery.
This is no recovery. This is another financial bubble, protected by systemic corruption, a lying corporate media, and an obstructionist Republican Congress owned by the 1%.
This is not stimulus. This is a fraud whose victims are the great majority – we who must work for a living, pay taxes, or deal with homelessness, hunger, depression, and violence.
This is not fate. Different economic systems benefit different classes. Figure out which class you belong to and make a choice. There’s a popular saying: “Those who show up decide.”
[Nicolas Davies leads the Progressive Democrats of America issue team to End Wars and Occupations.]
August 20, 2014 |
American debate on the hundreds of civilian deaths in Gaza and the intractable Israeli-Palestinian conflict is polarized between feelings of sympathy with civilian victims on either side and mutual vilification of the Likud-led government of Israel and the Hamas-led government in Gaza. But it may be more constructive for Americans to think about the role that the U.S. government plays in perpetuating this never-ending and heart-rending conflict.
Opinion polling during a crisis tends to reflect the passions of the moment, but Americans have told pollsters for decades that we want our government to take an even-handed position on the Israeli-Palestinian conflict. A Chicago Council Global Views survey in 2012 found that 65% of Americans want the U.S. to “not take either side”, while only 30% want it to “take Israel’s side”. That majority rose to 74% vs 17% at the height of the U.S. war in Iraq in 2004.
But despite decades of presenting itself as an “honest broker” for Middle East peace, there are three ways that the U.S. unequivocally takes the Israeli side in the conflict and effectively supports the Israeli occupation of the Occupied Palestinian Territories (OPT) with all it entails, from illegal settlement building to horrific violence: