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Marathon Man Newz / Globally, the USA is NUMERO UNO at Repression
« Last post by agelbert on Today at 10:00:26 AM »
Eddie, EVERYTHING we have access to in the USA is based on Imperial REPRESSION of other countries AND the majority of non-wealthy Americans.

How can I say such an "outrageous" statement?

Ask yourself a simple question? How would you feel if you HAD TO buy and sell everything you depend on with Russian Rubles?

Would that bother you a teensy weensy bit?

I think it would put a MOUNTAIN SIZED BURR under your Texas saddle.

It's NOT "okay" because War loving Incarceration Nation USA does it to everyone that ain't rich here and everyone that don't live in the USA.

Please DO NOT tell me that we "had to do that before some other country did it to us 😇 ;)". That is not a justification for routine repression. And yeah, economic repression DIRECTLY translates into slave wages, poverty, lack of freedom, strife, wars, murder, and so on HERE and abroad. To pretend it doesn't is sophistry.

Cuba is simply not in the same ball park with the level of repression the USA is NUMERO UNO at on this planet.

We did not get our World Reserve Currency “exorbitant privilege” by being the "land of the free". We GOT THAT BY REPRESSION here, there and everywhere, period. Everything the American Imperial Economic Hitmen have done is repression, whether you wish to admit it or not. No other country on the planet, no matter how many they killed for this or that reason, comes close to our level of despotic behavior, except for England and Spain a couple of centuries back, on a much, much smaller scale. 

The phrase “exorbitant privilege” was originally coined in the 1960s by Valéry Giscard d’Estaing, then the French Minister of Finance. He was referring to the massive benefits imbuing to the United States for having the U.S. dollar as the world’s reserve currency. Barry Eichengreen, Professor of Economics and Political Science at the University of California Berkeley, summarized it thusly:
It costs only a few cents for the Bureau of Engraving and Printing to produce a $100 bill, but other countries had to pony up $100 of actual goods in order to obtain one.” Commodities are priced in dollars; trade exchange takes place in dollars; current account deficits are priced that way too. Enormous benefits accrue to the USA because of it.

Seasteading / Re: Seastead of the Day
« Last post by Eddie on Today at 09:49:06 AM »
It happens sometimes. You run across several examples of some older boat design  for sale at the same time. I think I posted this one, back when it first made landfall in Texas and the owner flew home. Since then, it's price has dropped way down, and it will sell at some price. This is a small, but extremely well-found boat. If memory serves the original asking price was above 20K. There are two or three others out there for sale in various ports, but this one is far and away the best. One of Phil Rhodes many great boats. At some time int he past, somebody who knew what they were doing upgraded this boat a lot. I suspect that person is dead now.

The wet/dry vac means the bilge is getting wet. Probably just some topside leaks, but you can bet there's an issue. Hmmm.

At 13K it's still a hell of a deal. Too bad slips aren't free.
Market Flambe / Re: Big Slide v2.0 Begins
« Last post by Eddie on Today at 07:55:44 AM »
The Dow, which everyone knows is in the Mother of All Bubbles, is off a percent and half. Pardon me if I'm not impressed.

It is clear that the trade war is extremely stupid and a terrible policy. But those expecting immediate financial armageddon are going to be sorely disappointed, I'm afraid.

The trade war is just going to make Trump's supporters happier and happier, as their meager dollars buy less and less. You can't fix stupid, and the current wave of populism has to run its course. When absolutely nothing Trump is trying works and the chickens come home to roost, we'll find another country to invade.

Possibly Venezuela. They have oil. Iran. They have oil. Fire up the drones.
Marathon Man Newz / Re: Che Guevara, From The Historical Evidence.
« Last post by K-Dog on Today at 07:53:51 AM »
Once, this was a long time ago, perhaps twenty years, a Cuban Boxing team visited Seattle.  Four or five men.  How they got here I don't know.  Some international weirdness.  Local news ignored it totally. 

I was in a university area bar/restaurant when I met them.  They had no money for entertainment and were not drinking anything but water.  No beer for them but everybody else had plenty.  I realized what was going on right away.  They were experiencing typical self centered American ass-holes who found it not strange at all that an entire team was spending no money.  The Cubans polite, were being perfect guests and kept together.  They smiled but I also could tell they felt nervous and out of place.  They were hiding it well, their pride was deep.  Occasionally a pair of eyes would glance at glass of beer pause and then quickly snap away.  A nano-second of involuntary sadness and then smiles of men committed to being perfect guests returned.

Not being an idiot like everyone else I knew they wouldn't have any spending money and immediately bought a pitcher of beer for them. 

At that moment I became a god.  I've never gotten more thanks in my life.
Market Flambe / 📉 Dow tumbles as China responds to latest Trump threat
« Last post by RE on Today at 07:44:14 AM »
How fast can Trumpovetsky bring on  Collapse?


Dow tumbles as China responds to latest Trump threat

    President Donald Trump shocks China with the threat of additional $200 billion of trade tariffs.
    Beijing responds, accusing the United States of starting a trade war.
    J.P. Morgan believes Washington won't risk upsetting voters or big business.

David Reid   | @cnbcdavy
Published 4 Hours Ago Updated 46 Mins Ago
U.S. President Donald Trump and China's President Xi Jinping leave a business leaders event at the Great Hall of the People in Beijing on November 9, 2017.
Nicolas Asfouri | AFP | Getty Images

Global stock markets fell sharply on Tuesday after President Donald Trump threatened to impose an additional trade tariff on $200 billion worth of Chinese goods.

Following that bombshell, Chinese stock markets closed sharply lower. The volatile Shenzhen fell almost 6 percent, while the Shanghai Composite neared a two-year low.

European stocks followed suit and by mid-afternoon in London, the pan-European Stoxx 600 was 0.7 percent lower with all but two sectors trading lower.

U.S. stocks were next up and shortly after the open, the Dow Jones industrial average was lower by around 300 points, equating to about 1.2 percent.

The NASDAQ and S&P 500 indices also witnessed sharp sell-offs.

The trigger for selling was a Monday night request by Trump to the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs, at a rate of 10 percent.

Trump said Monday night that If China "refuses to change its practices" then the additional levies would be imposed on Beijing.
Trade war will have strong market impact, analyst says
Trade war will have strong market impact, analyst says 
5 Hours Ago | 00:27

The new tariffs followed an exchange of trade levies announced by both countries last week that is set to affect about $50 billion worth of goods flowing in each direction. Beijing has already reacted to Trump's statement, pledging to retaliate.

"The United States has initiated a trade war that violates market laws and is not in accordance with current global development trends," China's Commerce Ministry said.

Speaking to CNBC's "Squawk Box Europe" on Tuesday, Nandini Ranakrishnan, global market strategist for J.P. Morgan, said the political realities of upcoming midterm elections could force the U.S. government to back away from a full-blown trade war.

"If prices of imported goods are rising for the U.S. consumer at an unmanageable rate, then there is a large part of the U.S. voting population that maybe will feel their money not going as far," she said.

Ranakrishnan added that in addition to harming the spending power of populace, a trade war with China would risk losing the "big, booming friendly to business theme" it has cultivated.

The J.P. Morgan analyst said volatility in equity markets because of "government noise" would continue to be a big theme for 2018.
Strategist on trade tensions: Megaphone diplomacy never works
Strategist on trade tensions: 'Megaphone diplomacy' never works 
5 Hours Ago | 01:24

That view is echoed by equity analysts at ABP Invest. Founder Thanos Papasavvas said in a note Tuesday that trade disputes would have a more significant impact in volatility than what markets were pricing in.

"Markets will not wait for the economic impact; instead, reacting on the back of headlines and the inevitable Twitter messages. This will cause volatility to increase, export-heavy stock markets like the German DAX to fall, and thus impact consumer and business sentiment accordingly," he said.

ABP has claimed that, in 2017, U.S. trade with China was worth $636 billion and almost $720 billion with the European Union.

Papasavvas identified the environment as one in which active managers should look to take advantages of "dislocations in price and risk."
Marathon Man Newz / Re: Classism In Cuba Today
« Last post by Eddie on Today at 07:44:06 AM »
Look. This country IS already socialist (albeit a very flawed example).

Nobody gets turned away at any county hospital in this country. Once your medical bills bankrupt you here, you're eligible for free care, although it might not be the best care.

Everyone who ever had a job and paid taxes is eligible for a shitty government pension.

If you have a job and get fired, even for incompetence, you can draw a shitty government unemployment check for 180 days.

We have universal free basic education.

The idea that the US is a lassez-faire capitalist country is completely bogus.

We are basically a Nazi country. Any social welfare program is required to be a conduit scheme for big money. And it has to be really, really bare bones. Those are the rules here. Tax breaks for the super rich and a few crumbs for the really destitute, and everybody else scrambles to make it as best they can.

I'm not even anti-socialist. I'm on record here (many, many times) as saying that I think that all systems of government as practiced in t \he real world are seriously flawed. I think socializing healthcare and having single payer would be great. I favor other social programs, like free college for all.

In my view, people who think any political system is going to greatly improve anybody's chances for long term survival going forward are just farting in the breeze. I do expect socialism to get more popular here. Because people won't cope well with the smaller pie, and they'll demand more from the government as it gets harder and harder to get by, and voters will embrace socialism. Unfortunately, socialists can't create oil, or food, or get back all the trillions of dollars of assets wasted on wars, or do anything else to save anybody.

It'll just be exactly like Cuba. Crumbling buildings, everybody hustling for nickels and dimes, and as much black market as can still exist in a time of almost complete surveillance.

Marathon Man Newz / Re: Che Guevara, From The Historical Evidence.
« Last post by Eddie on Today at 07:18:02 AM »
Oh please. Your bullshit gets weaker by the day. You didn't make any points to refute.

Anybody can get knifed in the back, anywhere. And I can get a work permit in most countries, because I know something and have extremely useful skills. But why would I want to go?  Everybody still wants to come here. Refugees home in on two things. Job opportunities and social welfare bennies. Here it's mostly the former and in Europe it's the latter.

I have no desire to emigrate. I looked at that and ruled it out a long time ago now. Ex-pats only like living abroad if they're completely retired (US retirees are welcome in a lot of places). The only country I'd consider emigrating to is Canada. And that only because of climate change. It appears though, that I'm likely to live out my life here, fwiw. I'm 62. Every day is a bonus for me.

Like everyone else, including displaced people, I can do simple arithmetic. I'm better off here in the worst circumstances I can envision, which is bad enough, but still better than a good many other places. It can get considerably worse before I'd bail.

I don't watch many movies, btw. And I don't get my info from movies, nor do I buy into US media spin, as you want to claim.

Marathon Man Newz / Re: Classism In Cuba Today
« Last post by K-Dog on Today at 07:14:11 AM »

Damn socialists.
Marathon Man Newz / Re: Classism In Cuba Today
« Last post by Palloy2 on Today at 07:05:14 AM »
Eddie: Socialists love repression

That gem of bias proves you must be brainwashed.
Marathon Man Newz / Re: Che Guevara, From The Historical Evidence.
« Last post by K-Dog on Today at 07:03:33 AM »
Eddie: You don't think Cuba is more repressive than the US?  I suggest you try to move there. You can't.

That's biased BS.  You probably can't become a citizen of Cuba unless you marry a Cuban, but that's the same anywhere.  But you can go there for a holiday, or for a political conference (I know people who have been there, organised thru WSWS), and in Michael Moore's "Sicko" he took a dozen sick US citizens there and they got treated in hospital for free, and medicines free.  He wasn't allowed to go to the US part at Guantanamo.  After 50 years of US sanctions, their infrastructure is very run down, but that would be true in any country.

The ones that want to leave are the ones who have availed themselves of all the socialised free education, and then want to move somewhere else where they can earn more money for themselves and not pay Cuban taxes.  Greedy scum in other words.

The christian asylum seeker from Cuba I met in 2010-11 spoke English well, so I assume their education is at least half in English. That fits them perfectly for running offshore call centres for corporations or becoming bartenders and tour guides, making the big bucks compared to anyone still working for the Cuban govt "pretending to work and pretending to be paid". Perhaps taxing this free market that appeared as Castro was on his death bed can fund the govt and improve wages.  But u have to say also that if these people leave, whether they have their Cuban qualifications recognized I have no idea, but if they even work as low skill minimum wage for greed, their education failed.

Under communism all children are also wards of state and so are schooled in communism. All forms of art, music and literature are only approved to glorify the revolution. The same principle applies to all work, hence the hammer and sickle symbols. The sickles are a little ironic if there are no crops after scorched earth purges though. Anyway, would a programmer who likes to to work on apple, android and ms windows be as much a failure of communist education and greedy scum, as a painter or sculptor who isn't interested in portraits of revolutionaries?

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