Following a citizen’s petition, a Lisbon court was forced to provide verified COVID-19 mortality data, reports AndreDias.net. According to the ruling, the number of verified COVID-19 deaths from January 2020 to April 2021 is only 152, not about 17,000 as claimed by government ministries. All the “others” died for various reasons, although their PCR test was positive. “We live in a fraud of unprecedented […]
The Euro is murdering the nations and economies of the EU quite literally. Since the fixed currency regime came into effect, replacing national currencies in transactions in 2002, the fixed exchange rate regime has devastated industry in the periphery states of the 19 Euro members while giving disproportionate benefit to Germany. The consequence has been a little-noted industrial contraction and lack of possibility to deal with resulting banking crises. The Euro is a monetarist disaster and the EU dissolution is now pre-programmed as just one consequence.
Noam Chomsky on Bernie Sanders, Jeremy Corbyn, and the potential for ordinary people to make radical change.
The Labour leadership campaign of Jeremy Corbyn will be remembered for several notable reasons, not least the descent of the UK’s corporate media into unremitting farce, with the Guardian in its role as vanguard of the ‘liberal left’ decisively leading the pack.
People’s quantitative easing is instead a highly directed process where the debt that is repurchased has been deliberately created and issued either by a green investment bank or by local authorities, health trusts and other such agencies for the specific purpose of funding new investment in the economy at the time when big business and financial markets are completely failing to deliver the scale of investment that is needed to get the UK working again and to restore our financial prosperity.
When the banking system becomes too big to bail, the moral hazard trade that started it all becomes systemic “immoral hazard”—an extortion racket aided and abetted by the very politicians elected to serve our interests. When that trade takes place in a set of institutions that is incapable of resolving the crisis it faces, the result is permanent austerity.
The main culprit in the debt crisis was a fall in tax revenues resulting from massive tax cuts for corporations and the wealthy. According to Razmig Keucheyan, sociologist and author of “The Left Hemisphere,” this “neoliberal mantra” that was supposed to increase investment and employment did the opposite.
By Zerohedge As reported late on Friday, just as the market closed, the Portuguese constitutional court decided that several provisions of the country’s 2013 budget were not constitutional. According to the high court, cuts in wages and pensions of public employees were unfair (there’s that word again) because they targeted only the public sector. The court rejected plans to cut […]
