Friday, March 31, 2017

Write down the debt

The government has the sovereign privilege. It is not like a household budget.

Public spending does not require taxes. Print the money and spend it into the economy - public infrastructure - without going through (tying everything up to) the private banks that financialize everything that ought not to be financialized.

We had in Canada the social credit system from the early thirties which got us out of the depression and which built our entire infrastructure, until Trudeau decided to ignore the Public Bank of Canada Act and went to the private banks. Within just two years of doing this the debt soared many, many, many times over the amount of debt that Canada had up until then even from its inception as a country.

Stop feeding the F.I.R.E. sector (Finance, Insurance, and Real Estate) as though we needed it. We don't. It is not the real economy.

Debt deflation is what's happening - together with asset price inflation.

Understand that term, "debt deflation". We don't have inflation, but debt deflation.

When will people wake up? Michael Hudson is one of the few I watch who actually talks sense.

Wednesday, March 29, 2017

Friday, March 17, 2017

Tuesday, March 14, 2017

Saturday, March 11, 2017

Friday, March 10, 2017

Tuesday, March 7, 2017

Hardly anyone talks about Fukushima

Each and every day 300-400 tons of radioactive water - extremely radioactive water if one takes into consideration the measurements of radiation that are being taken at a proximate distance to the radioactive core - have gone into the Pacific over the past 6 years - probably more. That's water into the radioactive core and around it and then into the ocean.

And that's the sea water they've been pumping everyday. That doesn't include the unknowable amount of groundwater. The nuclear site sits on a large aquifer. There was full meltdown. The radioactive fuel has breached containment. It has been burning down into the groundwater at an unimaginable temperature.

And that doesn't include the above-ground highly radioactive water that they're storing in more and more rinky-dink storage tanks, one or some of which have already started leaking.

It's not like an oil spill. It's not like heavy metal contamination. It doesn't "dissipate" in the ocean. It's on the atomic level. It gets into the generative cycles of all life, concentrating on the atomic level. Of all places, the ocean is the worst place for it to go.

Fukushima is going to be the rudist awakening mankind has faced. And practically no one in the mainstream media is reporting on it. All the official pronouncements coming from TEPCO and others in Japan are a joke.

Over the next few years I think - and dread - it's all going to start rolling out. It already is. We're going to hear as normative speak, news anchors telling us about the boiling and dying of the Pacific and the radiation of the west coast.

The kind of stupidity that has been going on is the kind that has to be purposeful and enforced.

"If present trends continue, this century may well witness extraordinary climate change and an unprecedented destruction of ecosystems, with serious consequences for all of us." --Pope Francis, Laudato si

"The earth , our home, is beginning to look more and more like an immense pile of filth." --Pope Francis

"Everything is connected" --Pope Francis

Saturday, March 4, 2017

Friday, March 3, 2017

Thursday, March 2, 2017

Fukushima is the sleeping giant

"The Japanese government has lied about the seriousness of Fukushima at every significant step in the process, and likely continues to do so." --Bill Still