Dr. Jack Rasmus
@drjackrasmus
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Economist, radio show host, & author: 'The Scourge of Neoliberalism', 'Alexander Hamilton & Origins of the Fed' & 'Central Bankers at the End of Their Ropes'.
California
Joined October 2012
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@Sprinter99800
Giving Ukraine 'information' is an understatement. US WACS aircraft, satellites, and ground surveillance equates to US/NATO providing virtually all of Ukraine's ISR (information, surveillance, reconnaisance) capability
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@MyLordBebo
Merkel and Holland lied about Minsk II. Macron and Sholtz lied about Istanbul. Europe leaders are just shills for US policy. That's why Putin, Xi and just about the rest of the world now considers Europe a backwater in world politics and laughs at whatever its leaders say
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#StudentLoans
some key questions never asked: why do students pay 5-7% interest on loans to govt when bankers pay half that to Fed? Why do businesses get to write off debt by bankruptcy but students not? Why are bankers so opposed to student debt relief from what are govt loans?
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#RailroadStrike
. It's final. House just voted overwhelmingly to impose Sept deal on workers. Only 9 Dems voted against the Govt intervention in bargaining on behalf of the RR corps (now with greatest profits ever while refusing to provide 7 paid sickleave days). Makes it 19 times
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@DELETETRUMP9
That means it's another NATO country (likely Poland UK or Baltics). If it were Russia, it would be all over the media.
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@jeff_kaye
Merely expresses the fascists' visceral hatred for all things communist or socialist. They know it's their mortal enemy
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@latstetter
@TheDemocrats
@GOP
You're missing key items: what about savings for retirement? Or paying kids' college tuition & R&B? Or student loans? Or emergency car or home repairs? Or personal services (haircuts, etc). Or credit card payments? No movies or occasional burger & fries? Etc.
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@Leslie64993617
@joshrogin
USA seldom throws first punch when it wants to pick a fight. It creates a provocation first, makes an unacceptable demand & counterpunches when the opponent takes the bait. True for all US wars from 1898 to 2021 including the world wars. US most warlike empire in history
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@latstetter
@TheDemocrats
@GOP
In California you'd need to double (at least) your mortgage and food to $2400 and $1,000 and raise your property tax and gasoline costs 50% as well. That means break even is $100k at best. National median income of $60k is a poverty level in Calif
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@valleyboyboy
@TweetyMctwat
You mean all because your employer attacked you because you started a union...
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@AngieSkys
The USA (CIA, NSA) uses the UK (MI-6) to make the most outrageous comments and threats, to estimate the possible global public reaction and disagreement. The UK thereby provides cover for US (the two foreign imperialist policies are closely integrated).
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@SpeakerPelosi
And for US war corps to make $billions more excess profits, for US oil corps to pocket another $40B in windfalls from price gouging, for Congress to use war spending as excuse not to fund covid vaccines, and for US households to cut spending on food in order to pay for gas, etc.
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#NuclearWar
Biden going public now with message Putin's planning to use tactical nukes. Read Putin's speech. No such mention. This is US propaganda to justify US moving nukes to east Europe. Only US has 'first strike' nuclear use doctrine. But must first create idea its necessary
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@ericisaac
Yeah, he had the Fed give the big banks $4 trillion. He spent $787 billion to bail out the entire rest of the economy in 2009. Then in August 2011 he agreed with republicans to take back (cut spending) on education & social programs by $1.5 trillion.
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@caitoz
No charge against US war crimes in Vietnam ever made it to the dock for consideration in The Hague. Or in Iraq. Or Afghanistan. Not anywhere at anytime. Int'l Court is just another US global institution, like the IMF, World Bank, SWIFT int'l payments system, etc.
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@Spriter99880
One more 'pretty face' in east europe, covering up a rabid right wing government sympathizing with its domestic fascist movement, is now gone. More to come, as economic and political crisis in Europe caused by Ukraine War and US sanctions deepens.
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@GarlandNixon
And in this case, 'socialism' merely means FDR-like programs not actual socialism. Democrat leaders & their pro-corporate majority members in Congress can't run fast enough to the right
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#Ukraine
58 countries at the UN refuse to vote in support of US/UK motion that Bucha is a war crime. They say they want an independent investigation (not a psyops report via a Ukraine press release). Not everyone in the world believes or agrees with CNN
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@NAFOndue
@blackintheempir
Haha. Entire west. UK can't fight even 2 months in Ukraine. It says so. It's navy can't get enough sailors to even leave port. All EU depend on US weapons & US has no war economy to mobilize, having offshored most of it. EU produces 4k 155mm shells/mo. Russia shoots off 10k/day
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#USEmpire
we are watching in real time a reckless reaction by an empire increasingly challenged and in decline, unable to restore hegemony except by direct violence, led by a generation of the most incompetent & ineffective leadership who can't even understand what's going on
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@bennyjohnson
How's that any different from Biden claiming he created 3m jobs this year? All that's happened is US economy opened up after Covid starting around last march? Biden didn't create anything. Nor did the US economy either. They aren't net new jobs, just laid off returning to work
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@profwolff
It should be noted that 9.5m jobless was the number at the end of 2020. In the course of 2020 more than 30 million were out of work at one time or another. Also, be careful the numbers of jobless reflect only full time (per the U-3 survey). Many more part time, gig, drop out, etc
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@DanMKervick
Hey, she's in NYC. If she dares even to think it, AIPAC and its friends in NY will spend millions $ just to unseat her in the Dem primary. She knows that. So she's hiding in the closet.
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@RnaudBertrand
'Competition' is capitalist economic ideology, designed to distract the public and media while capitalists themselves pursue just the opposite and accumulate even more wealth. Claims of competition between political systems functions the same way, substituting wealth for power.
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@AngieSkys
And don't forget 'WMDs & yellow cake (Iraq 2003); Taliban won't give up bin Laden (2001); Noriega's dealing drugs (Panama 1999); Maurice Bishop's called for Cuban troops (Grenada 1983); Tonkin Gulf (Vietnam 1964); Remember the Maine (1898 Phillipines), etc. etc.
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@JonahFurman
Deere probably put up 3rd tier as bargaining straw man from start. If workers want more they'll have to vote reject by 60%+. Otherwise, Deere will wait them out & work with UAW to get re-vote in a couple weeks. Members should remember: CPI already rose 5.4%. Another 5%+ coming.
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@Spriter99880
That probably includes approving Netanyahu nuking Iran at some point, no doubt. USA wants a 'second front' opened in middle east to drain Russia further
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@JonahFurman
If you sell your labor (physical, mental, whatever) in exchange for wage (hourly, salary, commission, whatever)--and you don't manage or control others on behalf of the owner/boss...then you're working class. period.
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@PramilaJayapal
You in effect 'stopped' when you agreed to break out the Infrastructure from the BBB bill. That signaled to Manchin & Co. you capitulated on BBB. Stop offering false hopes that anything will now come out of this charade of negotiations.
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@socialiststeve6
Tried to reform an un-reformable Democrat party from within and got crushed every time by the corporate moneybags that run that show--aka 'inside strategy' is a dead end
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@RossCol89474735
Hitler publicly praised how the USA defeated its ethnic enemies in conquering the no. american continent, the various Indian tribes, and then successfully corralled them into ghettos called reservations
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#USrecession
US has a strange definition of 'recession': If the economy has contracted but stops falling further, it says the recession is over. But recession should be defined as 'over' only when the economy recovers to the level it was before recession began!
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#UKraineWar
The blowing up of Kakhova dam results in flooding mostly of Russia defensive positions in the Dniepr river floodplain and covers landmines with water, allowing boats to cross into their territory. So why would Russians blow it up and weaken their front line positions?
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@Gritty20202
@BlackBernieBabe
They've always laugh at us (all the way to their bank accounts) One occasion just got televised...
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@anthonyzenkus
What do you expect from a professional comedian! (But I bet Biden & corporate Congress takes it serious and gives him $5! But remember, the money for arms doesn't go from USA to Ukraine; it goes from US directly into accounts of US war producers.
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#BankingCrisis
In an action not seen since the 2008-09 crisis, the Fed announced today it and other central banks (UK, EU, Japan, Swiss) agree the US will provide dollar 'swaps' to the other CBs to ensure bank liquidity globally. Fed's clearly worried post-Credit Suisse collapse
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@AngieSkys
That may be just what the USA wants: makes Germany & EU even more economically dependent on US capitalism. US finance capital will love to swoop in and buy up bankrupting German companies. US takes over more EU businesses as it drives Russia out of Europe
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@berningman16
Zelensky would not be saying and doing what is without the encouragement and approval of the US. Zelensky is the 'bait' used by US neocons in control of US foreign policy since 1999 to entrap Russia into a conflict on Ukraine ground
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#BidenSpeech
Biden tries to lump Ukraine & Israel as Democracies under attack. Re. Ukraine Democracy: no elections. No unions allowed. Priests jailed. No free press. Jail time for public statements against Govt. Re. Israel: apartheid system. Homes razed. Citizens killed by mobs.
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#Britain
115,000 railroad workers in UK now on strike. Postal workers just joined the walkout. Nurses nationwide reportedly to decide as well in next few days. (Meanwhile, the "Union Gulliver" in the USA remains tied down by a 'legal web', unable to move its hands or sit up)
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#USA
Runaway inflation. Recession round the corner. No babyfood for millions. Cops letting kids die. 4th Covid wave. West states burning. Proxy war in Ukraine costing $100B by yr end benefiting US elites. Ever get the feeling USA is a 'runaway train' with no one at the throttle?
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@RetirementRight
And it all could have been avoided if Zelensky in December 2020 had simply agreed not to join NATO!
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#Germany
in recession...as US deepens its economic vassalage by making Germany completely dependent on expensive US energy; by enticing its business to move to USA via US tax cuts & subsidies; sanctioning its exports to Russia & China; and forcing it to increase its war spending
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@Shut_downAmazon
@amazonlabor
Watch out Christian! The pols are trying to rope you into their herd, make promises they won't keep, tell you to 'go slow', and get you to focus on delivering them young workers votes (instead of intensifying union organizing). They'll say they will deliver for you, then won't
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#USA
This memorial day elites of both parties (aka both wings of single corporate party of America) do not understand how angry people are becoming over economy, prices, health crisis, food shortages, mass killings, 20+ yrs of war.. Something qualitative is happening. Who agrees?
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@r8dr4lfe75
Price hikes often have nothing to do with cost increases. Owners of capital and capital assets (mortgages) raise rates because they can and because they want to realize more revenue and profit (it's called raising one's return on investment and it's capitalism ABC)
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@JonahFurman
Restrictions on the number of picketers to a handful goes back to court decisions in the late 1970s and Jimmy Carter's abandonment of the 'Situs Picketing' bill in 1978 that would have permitted mass picketing just as used to occur before Carter. Same fate coming for ProAct!
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#ClusterBombs
Even US European allies can't swallow the Biden cluster bomb decision. Wanna bet the decision originated with US neocons (Nuland, Blinken et. al. )? Biden is just political putty in their hands. Biden/US sink USA to a new moral low in the world.
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@Jim_P_OReilly
@Kanthan2030
JFK was probably the last US president who believed he was really the president and running the country. His assassination proved otherwise of course. After him, not even a question
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@davidsirota
Actually, the $15 was shit canned by Biden within a week after Jan. 20, 2020, when he held his first meeting of his administration, which was with CEOs and he assured them there would be no $15. Had nothing to do with parliamentarian's recommendations
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@caitoz
You forgot that the solution to those still potentially 'activist' was to fill their heads with all manner of single issue and identity politics. Keep from focusing on war and economic issues
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#Bidenomics
Latest US poverty data show poverty in USA doubled in 2022 from 2021 (from 7.8% of population to 12.4% & for kids from 5.2% to 12.4%) Why? Biden ended 2021 child care credits, rent moratorium & reduced school lunch supports + rising inflation & no minimum wage raise.
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@UnionDrip
In the basic industries--steel, auto, trucking, electrical, communications, construction etc.--it was 75-85%
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@RetirementRight
Actually the recession dates from the 4th quarter 2007. The housing sector fell into a deep contraction before that.
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@MarkAmesExiled
Yup. the only player in the game that wants the war to continue more is the USA (CIA). Bojo is just their 'go fer'
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@amborin
So much for free speech and 'democracy' in Ukraine and throughout much of the proto-fascist east european countries (Poland, Baltics, etc)--a region that's been leaning fascist since early 1900s
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@TimWhite3030
@tadpr0le
@valleyboyboy
@TweetyMctwat
Tell me about it. In former years, as a local union president, negotiator & organizer, I built a local union from 3 members to more than 1000 in 6 years. Wasn't easy (fighting both employers and union bureaucrats). But it can be done (providing members make the decisions)
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#BRICS
reportedly more than 30 countries indicate interest in joining the BRICS (now 10). Means even bigger part of global economy would not trade using $. Means less demand for $ & falling $ value. Means another nail in coffin of US global economic hegemony and empire
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@RBReich
And US/UK pledged to Russia it wouldn't advance NATO east, which you conveniently ignore. Iraq and Libya had no nuclear arms and look what happened to them.
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@shift_in2_turbo
Here they go again: Democrats preparing the ground to blame a third party candidate for their losing an election because of running candidates voters don't want
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#CornelWest
The difference between Sanders' campaigns and Cornel West's: Sanders' domestic policy was to resurrect FDR but his foreign policy was imperialist. His role was to keep discontented voting Democrat. West's is truly independent, beyond FDR, and clearly anti-imperialist
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@AngieSkys
Jan.-Mar showed US in recession already, earnings collapsing even in Tech, inflation accelerating, global currencies falling, etc.-all before Fed raises rates at historic pace. Biden's answer: spend $150B on war in Ukraine not in Americans' interest except its elite & capitalists
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@RBReich
Scrap the cap is good. But why not tax all incomes, not just 'earned' (i.e. wages) but incomes from speculation in financial assets, securities, etc. That would not only 'save' social security for 75 yrs at current levels, but reduce retirement yr to 55 and raise benefits by 1/3
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#StudentLoans
There were 34.9m PPP loans, totaling about $900 billion & averaging between $72k-$95k. 24.8 million were forgiven-i.e. converted to grants. Many were scammed by larger companies not eligible. There are 43.5m student loans, averaging $32.7k. None converted to grants
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@jackcalifano
That 'feeling' in the air is called the re-discovery of Solidarity. It's not 'you support me I'll support you'. It's an emotional high. Can't define it exactly, but you know it when you see it.
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@paulmasonnews
There's no such thing as 'the markets'. That concept is an ideological obfuscation designed to provide cover for the capitalist investors, speculators and traders that control the transactions that constitute 'the markets'.
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#FirstRepublicBank
Despite $30B injected by big 6 US banks, First Republic's stock is falling again. It's now down 80% in last 2 weeks. It's toast. (Meanwhile US Justice Dept is investigating the role of Goldman Sachs in the Silicon Valley Bank's collapse. Big fish eat the small)
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#UK
more than 500,000 demonstrators now on the streets in London protesting against govt policies, inflation, and Ukraine war. Hundreds of thousands more in Paris doing same. And not a word or photo in the US mainstream media on it. (Think maybe they don't want folks to see?)
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#WorldWarIII
History will show we're at beginning of WW3. Not a war like 1 & 2. But a total economic-financial-cyber-media war dividing the world in two camps, with occasional proxy hot war confrontations like Ukraine & if you haven't noticed, econ war with China has also begun
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@ericisaac
The corporate wing of the Democrat party is in lock step agreement with Republicans to raise the age limit eligibility for full social security benefits to 69-70, and early partial benefits from 62 to 65.
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#USempire
what are the lynchpins of US economic empire? 1st the US $. 2nd the SWIFT Int'l payments system which allows US to see who violates sanctions. 3rd US control of IMF & World Bank policy. 4th the Fed which, with its interest rates policy, can crash other currencies.
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#IsraelhamasWar
so far 29,000 bombs have been dropped on the small area of Gaza (USA stored 25k in Israel < Oct). Don't tell me the Zionist plan isn't to obliterate Gaza, drive Palestinians out, then clear the land and resell it to the highest Israeli real estate bidder!
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#UkraineWar
why is the US 101st airborne being sent to Romania? Why is Russia TV today saying Mykolaiv city under Ukraine control has a nuclear device there (and its mayor today has begun evacuating the city)?
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@Alfreddezayas
@JohnWight1
Not an error from their strategic plans: Ukraine in NATO was the bait to get Russia to invade; US gains economically & politically from a Ukraine war. (See my article '10 Reasons Why US/NATO Want Russia to Invade Ukraine' at
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#Nordstream2
: Another view 2: the revelations by Seymour Hersh that the United States carried out an economic Pearl Harbor by destroying energy infrastructure critical to the well-being of the German nation has the potential of breaking up the North Atlantic Treaty Organization
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@philosophrob
But of course that has nothing to do with his refusal to even discuss Medicare for All, right?
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@AngieSkys
you can be sure the Saudis will lock in high long term prices in any deal it signs with Europe to replace Russian oil and gas. The EU is going to pay the price for US sanctions policy for many years to come, especially its citizens who'll pay the real price of chronic inflation
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#USA
dumbest cabal of elites in modern US history now running the govt: destroy the US $ and empire with sanctions; run $2T/yr deficits to fund wars & corp tax cuts; write blank check for genocide in middle east; manage 3 simultaneous wars; resurrect new McCarthyism on campuses
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#Democrats
Launched direct attack in 2021 on foreign challengers (Russia, China). In 2022 now targeting domestic US unions (railway, longshoreworkers, etc.). No one (foreign or domestic) gets to pursue a course not approved by the American empire.
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#Houthis
US missile attacks on Yemen are not intended to stop Houthi interference in Red Sea shipping. US missile attack is a provocation intended for Iran. If Houthis escalate, as they will, US will blame Iran, building case for US eventual missile attack on Iranian ports
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#Inflation
reportedly US govt is going to revise how it calculates some key elements of CPI. You know, just like Clinton wiped out 10m in poverty by redefining it. US has a long history when the stats don't cooperate, it just redefines terms in order to make the numbers work
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#Wages
real wages have stagnated or declined for the 'bottom' 90% households since 1982. How have working class families responded to no wage gains? Putting other members of household to work; taking 2nd part time jobs; creating multi-generation households to share rising costs
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#UkraineWar
something's brewing about the blowing up of the Zaporozhie nuclear plant. Too many media outlets in west are now discussing it and politicians passing resolutions. Watch for false flag blaming Russians if Ukraine offensive fails. Is this cover for NATO deeper entry?
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@Glenn_Diesen
I would only disagree as to his definition of Europe. Europe is a geographical vassalage of the US economic empire. There is no independent Europe. It is hopelessly dependent on USA, economically & politically. Ditto Japan.
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@FiorellaIsabelM
So said by a guy with a chauffered government car who never has to go to a grocery store to eat. He could stop inflation asap, just impose a price freeze on all energy and food products (FDR, Truman and even Nixon did it).
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#NATO
and CIA open new front in Armenia, repeating 2008 strategy in Georgia. Armenia now has CIA & US military advisers. EU NATO sends $60m to aid Armenia, which aides Ukraine. Full scale war soon to erupt there with Azerbaijan. US/CIA continues policy of destabilizing Caucasus
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@profwolff
And how about young people realizing they just can't afford to have kids, with low wage, part time, temp, gig jobs with no future, expensive health care, rents taking up 50% of wages, un-affordable college, etc. No country treats its young workers more shabbily than the USA.
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#CreditSuisse
Why is UBS bank buying Credit Suisse for only $3.3B but is getting a $100 billion loan from the Swiss National Bank to do it? Is this a $96.7B 'bribe'? Or does the Swiss National Bank know something about UBS liquidity and exposures they're not telling anyone?
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@davidsirota
Austerity...here it comes. What they gave with the left hand in 2020-21 they'll now take back with right. (Don't forget Obama's $787B 2009 fiscal stimulus was followed in August 2011 with a $1.5T cut in social programs and a $5T extension of Bush's tax cuts for business in 2013
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#IsraelHamasWar
Amidst all the incredible US media and politicians' genuflecking to Israel, one should not forget Netanyahu's past declaration: "I bought the US Congress, I own them". Maybe we should just abandon the political charades and make Israel the 51st US State?
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@talkrealopinion
You forgot that another 420,000 Russian--all volunteers--are currently being trained and will be deployed in 2024. Meanwhile, Ukraine has to resort to drafting 17 yr olds and grandpas up to 70 yr olds announced 'mobilization'
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#UkraineWar
Reportedly the IMF (which previously gave Ukraine $13B) has notified Zelensky there's no more money. IMF (whose decisions are controlled by the US) doesn't say such things without US approval. It's a signal to Z from US don't expect big cash inflows in the future
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#Neoliberalism
its trade policy is to purposely run trade deficits, allowing $ to accumulate offshore, so long as the excess $ are recycled back to US to buy US Treasuries, enabling US to fund chronic deficits created by tax cuts ($15T since 2000) & escalating war spending ($8T)
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@MintPressNews
'International Community'?? He means US, France and the G7 dependencies of the US.
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#PalestineOhio
Democrats & Republicans busy blaming each other (Buttigieg's fault; Trump's fault) to make political points. Neither say anything about the real source of the tragedy: Railroad capitalists hoarding super profits and refusing to invest in crumbling infrastructure
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#BankRuns
Media is reporting that in the wake of the SVB collapse, contagion psychology became so rampant that a record $42 billion was withdrawn from banks in just one day! This coming Monday may prove to be the latest 'black monday' financial event of 21st century.
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