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|World Focus: Does Washington Rule the World?|
Monday, February 11 @ 18:44:25 UTC
|By Philip Giraldi|
February 8, 2019 - Strategic Culture
One of the most disturbing aspects of the past two years of Donald Trump foreign policy has been the assumption that decisions made by the United States are binding on the rest of the world. Apart from time of war, no other nation has ever sought to prevent other nations from trading with each other. And the United States has also uniquely sought to penalize other countries for alleged crimes that did not occur in the US and that did not involve American citizens, while also insisting that all nations must comply with whatever penalties are meted out by Washington.
The United States now sees itself as judge, jury and executioner in policing the international community, a conceit that began post World War 2 when American presidents began referring to themselves as “leader of the free world.” This pretense received legislative backing with passage of the Anti-Terrorism Act of 1987 (ATA) as amended in 1992 plus subsequent related legislation, to include the Justice Against Sponsors of Terrorism Act of 2016 (JASTA). The body of legislation can be used by US citizens or residents to obtain civil judgments against alleged terrorists anywhere in the world and can be employed to punish governments, international organizations and even corporations that are perceived to be supportive of terrorists, even indirectly or unknowingly. Plaintiffs are able to sue for injuries to their “person, property, or business” and have ten years to bring a claim.
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|Latin America: The Venezuela Myth Keeping Us From Transforming Our Economy|
Monday, February 11 @ 14:14:39 UTC
|By Ellen Brown|
February 09, 2019 - ellenbrown.com
Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof. Stephanie Kelton says the government actually creates money when it spends. The real limit on spending is not an artificially imposed debt ceiling but a lack of labor and materials to do the work, leading to generalized price inflation. Only when that real ceiling is hit does the money need to be taxed back, and then not to fund government spending but to shrink the money supply in an economy that has run out of resources to put the extra money to work.
Predictably, critics have been quick to rebut, calling the trend to endorse MMT “disturbing” and “a joke that’s not funny.” In a February 1st post on The Daily Reckoning, Brian Maher darkly envisioned Bernie Sanders getting elected in 2020 and implementing “Quantitative Easing for the People” based on MMT theories. To debunk the notion that governments can just “print the money” to solve their economic problems, he raise the specter of Venezuela, where “money” is everywhere but bare essentials are out of reach for many, the storefronts are empty, unemployment is at 33%, and inflation is predicted to hit 1,000,000% by the end of the year.
|(Read More... | 14365 bytes more | Latin America | Score: 0)|
|Latin America: U.S. Seeks to Get Rid of Left Governments in Latin America|
Thursday, May 02 @ 07:39:07 UTC
|By Mark Weisbrot|
May 1st 2013 - CEPR
Recent events indicate that the Obama administration has stepped up its strategy of “regime change” against the left-of-center governments in Latin America, promoting conflict in ways not seen since the military coup that Washington supported in Venezuela in 2002. The most high-profile example is in Venezuela itself, during the past week. As this goes to press, Washington has grown increasingly isolated in its efforts to destabilize the newly elected government of Nicolas Maduro.
But Venezuela is not the only country to fall prey to Washington’s efforts to reverse the electoral results of the past 15 years in Latin America. It is now clear that last year’s ouster of President Fernando Lugo of Paraguay was also aided and abetted by the United States government. In a brilliant investigative work for Agência Pública, journalist Natalia Viana shows that the Obama administration funded the principal actors involved in the “parliamentary coup” against Lugo. Washington then helped organize international support for coup.
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