vk @3–
I linked to and commented upon that Global Times editorial here and didn’t see it as a direct critique of economic capitalism, but rather as a damning critique of the political systems associated with Western Capitalism, their inefficiency and inability to reform/modify their structures for the betterment of society.
As for Corbyn, the queues for polling stations were mentioned to be longer, bigger than ever; and given the critical nature of the election, ought to be exactly that. I must admit in looking at the election I’m skewed by Craig Murray’s analysis, but I’ve longed for Tory demise for decades and hope they lose since a bigger blow cannot be made against Neoliberalism than that at the moment, Brexit actually being a smokescreen for its continuance and ruination of the UK.

Posted by: karlof1 | Dec 12 2019 20:49 utc | 4

Britain’s 330,000 Jews (0.006% of the population), while not uniform in the dirty prolonged false anti-Semetic smear campaign, had the opportunity to massively call bullshit on the campaign and did not do so … this was the only realistic way that the campaign could be stopped and permitting the campaign to build up steam caused Labour to plummet in electoral support.

Posted by: chet380 | Dec 12 2019 21:01 utc | 6

To add to my all time suspicions, widely and willingly ignored…and recent confirmations…and counter a bit the hypocritical whitewashing of this man as a kind of dove of peace and protector of the weak…
Putin on V.Ylich Lenin….

..he came up with an idea. He created a new state structure, laying a mine under the Russian statehood that had been forming for a thousand years…

https://youtu.be/97Id9nbSAxc?t=582
Of course, he laid a mine under a statehood dating thousand of years which remained perpetuating obscene inequalities amongst scarce 1% of Tsarist court and the rest of the people of the former Russian Empire, that is, hundreds of millions of peoples who lived through those thousand years in abject misery and exploitation…
About the suggestions on death people as results of revolution of pre-revolution turmoil, it must be pointed out that the demonstrations of workers were at first peaceful, asking the Tsar for reforms and better labor conditions, and it was not the people who started the killings, but the death squads organized by Tsarist police and certain sector of clergy. Then it happened the mass killings of peaceful demonstrators leaded by Father Gapon…The Russian revolution was a result of the stuborness of the Tsar and his ruling class on conceeding any betterment of the conditions of lives of the nationals under his rule….
It is astonishing the u-turn this administration is making… at galloping pace, in contrast with its behavioir on previous crisis around the world and previous stances with respect Russian history…It is obvious by rect visits and changes observed that some negotiations are developing may be in the face of prospects of economic crisi and social unrest…
With statement like this one, it lose all credibilty when it complains about the rewritting of history by the European Comission in its equating of Nazi Germany and USSR as both equally culprit of starting WWII….
As happens with denouncing fascism in our times, or you do it always, whenever it shows its ugly and criminal face, or you lose your point when trying to denounce it only at your neighborhood….. Or you refuse to rewrite history always, or you are contributing to open the Pandora box on that everybody rewrites its own to its convenience….
As all the signs were showing, current leaderships at several locations have started a path towards “rightification” of the world, and, to this goal, they need to have us back to the darkness of Middle Ages, where there will be no rules except that of the strongest, and all the progress in wealth and welfare will be limited to them, their families, and close circle of cronies…
What I could have not suspected is that Russia would join this effort, in spite of the confussing signs, as the astonishing flirting with several European far-right parties and political figures, and almost full support for the Trump administration, showing otherwise….

Posted by: Sasha | Dec 12 2019 21:29 utc | 8

Sasha #8
Thank you Sasha, Lenin acted for the millions of Russian people held as slaves in their own land. Lenin and team were against terrible odds and created change and innovation where all hope had been flogged out of the Russian people. The Czar wielded the knout with sadistic pleasure against the Russian people.
Viva Lenin.

Posted by: uncle tungsten | Dec 12 2019 21:42 utc | 10

Twitter reports on exit polls provide great hope for Tories as I type, unfortunately. Given the 100% governmental gang-up against Corbyn, the question of fraud has always been there to ensure their continuance in power. If they do win, I expect to see an exodus of those that have the means to leave.

Posted by: karlof1 | Dec 12 2019 22:28 utc | 12

re the UK election: the Elites in the US and UK media are despicable, have played on every fear imaginable especially the ridiculous charges of anti-semitism against Corbyn
we now have a taste of what all the lies and smears will be like with the Media Elites as the failing US Empire (including the UK and Australia) goes down and down over the next decade or so….
“Let me control the media and I will turn any nation into a herd of pigs” – Nazi Propaganda Minister Joseph Goebbels

Posted by: michaelj72 | Dec 12 2019 22:41 utc | 14

Russiagate apparently went full circle and arrived back in the nation where it was devised to destroy Corbyn:
“Jeremy Corbyn, a real progressive, could win UK’s elections. Max Blumenthal joins Pushback to discuss how powerful forces are trying to stop Corbyn with a Russiagate-fueled smear campaign — and why Bernie Sanders could be their next target.”
Must agree that the forces of Reaction are on the march and that the impeachment deal is an effort to mend fences prior to assaulting their joint enemies–our friends. Welcome to the Orwellian evidence free trial by media age occurring in all nations with oligarch controlled media. In this twitter thread, Ben Norton reminds us this was rehearsed twice, once in fiction the other for real.

Posted by: karlof1 | Dec 12 2019 23:12 utc | 16

@ Posted by: Sasha | Dec 12 2019 21:29 utc | 8
From what I’ve read, Putin is extremely bitter about the fact that Lenin gave the minorities within the Russian Empire the right to secede if they supported the Revolution. He’s specially bitter about the Ukrainian affair, about which there’s an interesting discussion between Lenin and Rosa Luxemburg.
Putin is wrong about this for the simple fact that the ethnic situation in the Russia Empire was unsustainable. There was already extreme pressure from ethnic conflicts within the empire much before the Revolution. It wasn’t really Lenin’s choice: if he wanted to create a revolutionary Russia, he had to defuse that bomb. So, by the time the Revolution became imminent, independence was essentially a promise in exchange for support.
It’s funny he still talks about that because the Chinese did exactly the same thing to the minoritary ethnicities within the Chinese Empire/Republic — promise of autonomy in exchange of political and military support for the Revolution — and nowadays it still works (the Xinjiang imbroglio essentially being a CIA fabrication). And I don’t see him advocating for the subjugation of the Mongols, the Tibetans, the Uighurs etc. by the Han Chinese.
Besides, his criticism of Lenin may also be an attempt to appease the Orthodox Church, which came to near extinction under his leadership.

Posted by: vk | Dec 12 2019 23:22 utc | 18

Sasha #15
I completely agree with your heartbreaking critique of the sorry state of modern Russia (which is basically on the verge of bankruptcy and collapse due to the combined effect of U$ sanctions and internal subversion by Zionist Oligarchs), and if I had a time machine and could change the outcome of one major historical event, hands down I’d stop the collapse of the Soviet Union (I think you have a pretty good idea what the two dates in my username refer two). However, I think your being a little to tough on Putin, because despite the many tremendous flaws of his leadership (as you so eloquently described), he is probably the only world leader his done anything to oppose U$ imperialism (ie. his annexation of Crimea and intervention to save Assad), and if Putin were to be overthrown in a U$-backed color revolution, he’d end up being replaced by a total U$ puppet (ie. a Yelstin clone) who would completely finish off Russia (I can assure you the U$ would never let a Communist succeed him). On another (related) note, which (if any) countries today do you believe are upholding the Socialist values of the Soviet Union, by ensuring a basic standard of living for their citizens and preventing their population from being enslaved by Wall Street, while simultaneously standing up to U$ Imperialism?

Posted by: KL18481917 | Dec 13 2019 0:19 utc | 20

Finally got my copy of Hudson’s … and forgive them their debts, where in his acknowledgements he thanks the German economist Dirk Bezemer with whom he’s produced several papers, of which “Finance is Not the Economy” is one and “Incorporating the Rentier Sectors into a Financial Model” another of several. Just a few more gifts for your reading enjoyment and personal empowerment during the Solstice Season.

Posted by: karlof1 | Dec 13 2019 0:26 utc | 22

Well that’s the end of Corbyn and now we’ll see the return of the Blairites to power in the labour party. Deeply unfortunate, but also totally expected.

Posted by: Kadath | Dec 13 2019 3:48 utc | 24

Today the US Fed announced its end of the year financing boondoggle and if you read the ZH link below you will understand why I continue to write that the US is already in a recession which is being hidden by propaganda and outright lies
“Massive… Huge… Largest Ever”: Fed Will Flood Market With Gargantuan $500 Billion In Liquidity To Avoid Year-End Repo Crisis
In other comments I have written about how the world is at a stalemate point and its comes down to who blinks first. In the case of the US, it has been blinking since September on the back of the American public to goose the markets and fake private finance liquidity….nobody wants to be stuck with some bad banks dreck when the music stops so the public get to pay the price
Before 2008 the US Fed had $800 billion on its books and now it is over $4 trillion, again……

Posted by: psychohistorian | Dec 13 2019 5:34 utc | 26

@ b who wrote
”
How, btw, did Corbyn do it?
”
Do you mean lose so badly?
I am going to repeat a quote from comment # 14 michaelj72 as follows
”
“Let me control the media and I will turn any nation into a herd of pigs” – Nazi Propaganda Minister Joseph Goebbels
”

Posted by: psychohistorian | Dec 13 2019 5:53 utc | 28

Corbyn lost definitively. The populists won. It’s sometimes forgotten that Johnson’s government is stuffed with ideological extremists. Is there going to be a Night of the Long Knives, and an attempt to track back towards the centre, or is the revolution going to be pursued to the bitter end? For example this article: Johnson’s Conservatives are a revolutionary sect and should be understood as such.

Posted by: Laguerre | Dec 13 2019 6:42 utc | 30

Posted by: Sunny Runny Burger | Dec 13 2019 6:35 utc | 29
“I doubt most voters give a toss about “jews” one way or the other (and jews should be happy about that, why would they want to become more politicized and blamed than they already are?)”
One of the many ways the Zionists are consciously, deliberately imitating the Nazis is in their determination to force “the Jewish question” to become once again a major political matter. The most recent example in the US was Trump’s executive order the other day. The Zionists want to force all Jews everywhere to make a choice, “you’re either with us or you’re against us.”
As for why most Jews in Western countries seem either to support this agenda or are at least willing to go along with it, I don’t know. Certainly it will be bad for them in the long run.

Posted by: Russ | Dec 13 2019 6:58 utc | 32

I can’t imagine anything that would completely eradicate Russia faster and more devastatingly than a return of communism.
I also fail to see how Russia is doing badly right now but I don’t live there and my bias is clearly pro-Russian and in favor of Putin.
Without Yeltsin there would not have been a Putin, the link couldn’t be more direct: Putin worked for Yeltsin, Yeltsin chose Putin. Yeltsin might have done all that was possible at the time, he was not a dictator nor is Putin, it’s not all up to single persons or a tiny number of people, things weren’t decided by a politburo any longer.

Posted by: Sunny Runny Burger | Dec 13 2019 7:26 utc | 34

Thing is, this destroys the left in Britain. The right in Labour had been in control since the early 1980s, and Corbyn’s leadership victory was an accident which will not be given a second chance. Now what will replace Corbyn will not be Blairism, it will be something well to the right of Blairism, something much more like the DNC in the United States.
In other words, this is not a defeat of a party, it is a catastrophe for anyone seeking to struggle against the triumph of neoliberal barbarism. Oh, and it makes the probability of the end of the world through environmental catastrophe or nuclear war much higher. So apart from the ideological catastrophe it’s also a human calamity.

Posted by: MFB | Dec 13 2019 8:19 utc | 36

Behold!
The power of the UK’s propaganda machine.
Bye Bye UK and welcome to little fascist england.

Posted by: S.O. | Dec 13 2019 8:55 utc | 38

Posted by: Bemildred | Dec 13 2019 9:41 utc | 39

I am no expert on UK politics, but it does look like Brexit was the issue that Boris won on. Everybody is sick of it and wants if over with.

I am no expert on UK politics either, but from my point of view in Norway the main issue to be resolved is dismantling the EU, and it looks like the Brexit vote and this election confirms that many in the UK see it the same way. Whether it will happen is another question.
I voted NO in the 1994 Norwegian referendum on the question of becoming member of “European Community”. One of the arguments in the debate at that time was that the “European Community” was aiming to become a union and a superstate. Those who argued that way were called lots of things, including conspiracy theorists. Today we are not members of the EU, but all the “regulations” are forced upon us anyway. The EU is a non-democratic nightmare that must be demolished.
I don’t expect much good from the Tories, I don’t exclude another betrayal of the Brexit cause, but we shall see. Corbyn lost on his betrayal of Brexit, that is for sure. I sympathize with Corbyn, but betraying the Brexit referendum is a no-no.
What the UK needs is real progressives that see the EU as the globalist project it is. It also means that the “climate crisis” must be recognised as a political tool created by the same forces. Corbyn failed on both accounts and therefore he lost.

Posted by: Norwegian | Dec 13 2019 9:59 utc | 40

people have understood what co2 does for a long time. there is no fake “climate crisis”, there is a real one, and our politics will play out against that increasingly stark reality. sticking one’s head in the sand about it will not solve the problem. why people have to shoehorn fossil fuel propaganda into so many unrelated issues is a mystery.

Posted by: pretzelattack | Dec 13 2019 10:47 utc | 42

Everybody is sick of it and wants if over with.
Posted by: Bemildred | Dec 13 2019 9:41 utc | 39
If there’s one thing that’s certain, Brexit won’t be over with on 31st Jan 2020. There’s a good many years of pain – Johnson was lying – while the new relationship with the EU is sorted out.

Posted by: Laguerre | Dec 13 2019 11:25 utc | 44

Now that the official results are out, I’ll comment on the British elections.

If Corbyn had won and taken us out of the EU we would have gone all Venezuela. If he’d won and kept us in the EU we’d have gone all Greece. The result is the best of the bad options available.

– Valiant_Thor, 26m ago
This comment on The Guardian encapsulates the average Conservative voter for these 2019 elections.
The UK is really at a crossroads: it is too tiny and poor in natural resources to implement socialism, but it is declining as a capitalist power.
I don’t think the average British really thinks Venezuela is socialist or that Corbyn’s policies would make them very poor, but I think they are afraid of the sanctions and embargoes they would suffer from the USA if they dared to try to go back to social-democracy.
This defeat may also be historic: this could go to History as the end of social-democracy. Social-democracy was already dead as an effective political force after the oil crisis of 1974-5, but at least it was able to polarize with neoliberalism in the ideological field and had some prestige that far outlived itself (to the point it was the main propaganda weapon that ultimately convinced Gorbachev to destroy the USSR, and to the point it was able to convince historians like Hobsbawn that it had actually “won the war” after 2008). Now it isn’t considered even credible by half of the population of one of the few countries it was able to govern and fully influence in the post-war period.
In Rosa Luxemburg’s last article (a few days before she was executed), she finally admitted defeat to the Bolsheviks. “We must separate the essential from the non-essential”, she wrote. And the essential, she completed, was the fact that the Bolsheviks were right and the German Social-Democrats were wrong. It happened again, almost 100 years later.

Posted by: vk | Dec 13 2019 11:38 utc | 46

Posted by: vk | Dec 13 2019 12:03 utc | 47
Actually the IMF estimates that Russia, even under sanctions and low oil prices, will be growing faster than the US and the EU for the next 5 years (2 % vs 1,5 %). Not to mention that it is zero debt economy with triple surpluses – in trade, current account and federal budget. So this is not a small achievment.

Posted by: Passer by | Dec 13 2019 12:18 utc | 48

@39 Bemildred.
> I find it interesting that so much effort was expended to defeat Corbyn, over such a long period, when apparently it was so little needed.
The effort expended was why you think that “apparently”. It formed a 4 year impenetrable foundation of lies.
I can almost guarantee that if you walked around a lot of areas asking voters now most of them will tell you: Jeremy Corbyn is anti semitic, Jeremy Corbyn will bankrupt the country, Jeremy Corbyn will take away my home, is pro brexit, is pro EU! is the commie terrorist devil and everything you want to hate yadda yadda. The effort guarantees people vote against corbyn without the slightest idea why they’re doing it.

Posted by: S.O. | Dec 13 2019 12:35 utc | 50

you certainly do have to hand it to Corbyn
he always reminded me that he was perfectly suited as the captain of
one of those large sailing ships collecting tea and spices from places like India.
(easy to imagine him as the captain of the Cutty Sark, and nothing else)
sail due South to Cape of Good Hope, turn left and head North to India.
return journey was continue in same direction, never forgetting to turn left once more
around tip of South America.
we all wonder whether he will step down in favour of his brother, Piers (an infamous climate-change denier)

Posted by: chris m | Dec 13 2019 12:37 utc | 52

Posted by: Laguerre | Dec 13 2019 11:31 utc | 45

What you mean there is a highly democratic organisation that you don’t want to be a member of, but to take advantage of, without paying.

I don’t think you should tell me what I mean. The EU is anything but democratic and there is nothing “to take advantage of” on our side. Instead we pay dearly for losing our sovereignty. Anyone who believes otherwise should reconsider.

Posted by: Norwegian | Dec 13 2019 13:04 utc | 54

Norwegian @ 40.
Dead right. All counts. Great to see a realist around. Other points raised by commenters here –
– I also thought at first that the cry of anti-semitism against Corbyn was a scam. Then I looked into it. Labour has in fact put out some really ugly anti-semitic material. I know for a fact that that upset young idealistic Labour voters. Serve Corbyn right for not dealing with it.
Apart from that Corbyn had a choice between retaining his Islington prog wing or his rapidly diminishing working class wing. Two stools and he fell between them. Anyone who thinks he’s the equivalent of Bernie Sanders knows more about American politics than English. There is no close equivalent here to the Trump/Sanders movements in the States. Brexit was to a great extent the people against the cronies as per the Bannon model but, my view, it’s not quite as straightforward as that.
– Oborne is wrong about the Tories being a cult. The Conservative Party is above all a machine for getting and retaining office. Convictions, cultish or otherwise, are an optional extra. They may accurately be termed globalist or neoliberal but since all other major political parties in Europe are that also, that scarcely makes them unique.
– We don’t know yet whether we are going to get Brexit. Mr Johnson got re-elected on the promise he would do so. That and the fact he was up against useless opposition. Mr Johnson’s deal, however, is little more than a rehashed version of Mrs May’s deal that all found so unsatisfactory. Some major issues outstanding are –
1. Fishing.
2. NI.
3. Defence.
4. Money
Too early to say yet whether Johnson will sell us his pup and call it Brexit. If he does, and if that gets noticed, “Bemildred’s” fear that we could be in for a rough time in the UK may prove justified.

Posted by: English Outsider | Dec 13 2019 13:46 utc | 56

BREXIT WON – LABOUR LOST
Corbyn should have done as Clement Attlee did, let Churchill finish off World War 2 and then lead Labour to a landslide victory. Instead he wanted to put his hands on the Brexit mess.
It was a huge mistake for 1) The EU to grant an extension to Brexit 2) Labour to agree to elections before Brexit was finished.
The best analysis I have read today is from the Full Brexit blog by Lee Jones.

Labour Lost Because it Failed to Grasp the Democratic Opportunity of Brexit
The vote to Leave was a democratic moment, but it is not expressed in a democratic movement capable of truly taking back control. Labour has found itself on the wrong side of history, blindsided by a popular revolt it did nothing to direct or even, belatedly, to harness. This has sacrificed the cause of democracy to the right, and the role of anti-establishment tribune to the charlatan Boris Johnson. The best opportunity to revive the British left since the end of the Cold War has been missed. This is a disaster of historical proportions.
There will be plenty of “lessons learned” type reflections in the days to come, advising Labour on what to do next, and no doubt most will involve dumping Corbyn and returning to “sensible”, Blairite politics. But those of us on the left have a different lesson to learn, about the nature of the Labour Party itself. Corbyn’s leadership has been a natural experiment in whether the party can be used for socialist – or even modest social-democratic – ends, and the results are conclusive. The rot is too far advanced. The Labour Party is not the party through which the working class will seize power and transform their lives; it is a party of the public-sector middle classes and the trade union bureaucracy, deeply committed to a paternalistic, welfarist, statist outlook. The British state’s transformation into a member-state of the EU entails Labour’s commitment to the EU: the party’s imaginative horizon is of welfare bureaucracies, backed by EU protections, administering to the vulnerable victims of neoliberal capitalism. As the last three years have shown, many of Labour’s leading lights and spokespeople are instinctively hostile to the working class when they relinquish the role of grateful welfare recipient and instead take matters into their own hands.

Posted by: Petri Krohn | Dec 13 2019 14:09 utc | 58

vk @ 47.
My understanding is that some of the biggest losers from the ending of the USSR were the Muslim republics, but it is impolite to say this, in a similar way that that it is impolite to suggest that some African countries might have been better off under British administration. I have also heard it said that the expense of maintaining and supporting the Republics meant less materially was available to the Russian population. I have heard sad stories of what happened when the Russians left Tajikistan, for example.
The Baltic states and Georgia of course couldn’t wait to throw off “the Russian yoke”, and some there are even nostalgic for the rule of the 1000 year Reich, as they are in Galicia.
I am no statistician, but in the light of Russia’s careful husbandry of its currency and gold reserves, a 1.5% increase in GDP is surely to be applauded, rather than sneered at?

Posted by: montreal | Dec 13 2019 14:34 utc | 60

Russ @ 57
There’s so much hysteria and propaganda around this subject that I, as I think you are, was inclined to be sceptical. But google around and you’ll find bits and pieces that Corbyn should have stamped on hard.
The decision to settle large numbers of Jews in Palestine after the First World War was in my view one of the most disastrous ever taken by a British government. From that inevitably followed the Arab Revolt, the Nakba, and all the tragedy since.
There’s any amount of nonsense put out justifying that settlement and the subsequent expansion. It’s only a day or so since I watched a video of Geert Wilders justifying Israeli policy in the occupied territories by asserting that Israel was only recovering them. And he was applauded for it by what seemed a large audience. How can one even start to debate foolishness like that?
But to attribute such foolishness to all Jews, both inside and outside Israel, is as inaccurate as assuming I support what my own government has done in the Middle East recently. These broad brush assumptions are always untenable.

Posted by: English Outsider | Dec 13 2019 15:01 utc | 62

@ Posted by: montreal | Dec 13 2019 14:34 utc | 60
This is not my opinion, it’s Putin’s. Apparently, he’s on Stalin’s side on the ethnic question of the USSR. In his vision, Lenin’s concessions to the minorities in the former Russian Empire sowed the seeds of domestic terrorism in the Russian Federation.
I don’t think ethinic conflicts had anything to do with the end of the USSR. It was a Western theory of the 1980s, created by a random French sociologist and embraced almost instantly by the CIA. This embrace gave birth to Osama bin Laden, al-Qaeda and the Mujaheedin.
The thing is that, when the “Iron Curtain” begun to disintegrate (for purely economic reasons), Gorbachev adopted the narrative of “every people deserve its own self-determination”. For many KGB agents working there — Putin being one of them, working in the DDR — it must have given the illusion the ethnic question was the main factor for the dissolution of the USSR. Thus the ethnic myth was born.
When Krushchev crushed the Hungarians in 1956, nothing happened. When Gorbachev gave up without a fight, the USSR dissolved. I understand the disgust Putin feels about the republican union political model allegedly chosen by Lenin, but that was not the cause. The cause was economic and geopolitical.
The dissolution of the USSR was an epic disaster for Russia, in every aspect you can think of. It was also a devastating blow to the Western Left, from which it never recovered. But here we are.
We have to work with reality as it is, not as it should be, and Putin should understand that as the alleged pragmatic he claims to be.

Posted by: vk | Dec 13 2019 15:12 utc | 64

Below is a link to a posting at Ellen Brown’s Web of Debt that I suggest folks read to understand some financial history that got us where we are
Paul Volcker’s Long Shadow
The take away quotes
”
Less discussed was Volcker’s role at the behest of President Richard Nixon in taking the dollar off the gold standard, which he called “the single most important event of his career.” He evidently intended for another form of stable exchange system to replace the Bretton Woods system it destroyed, but that did not happen. Instead, freeing the dollar from gold unleashed an unaccountable central banking system that went wild printing money for the benefit of private Wall Street and London financial interests.
…………….
That is the conventional version, but the stagflation of the 1970s and its sharp reversal in the early 1980s appears more likely to have been due to a correspondingly sharp rise and fall in the price of oil. There is evidence this oil shortage was intentionally engineered for the purpose of restoring the global dominance of the U.S. dollar, which had dropped precipitously in international markets after it was taken off the gold standard in 1971.
…………….
To counter the falling dollar after it was taken off the gold standard, U.S. Secretary of State Henry Kissinger and President Nixon held a clandestine meeting in 1972 with the Shah of Iran. Then, in 1973, a group of powerful financiers and politicians met secretly in Sweden to discuss how the dollar might effectively be “backed” by oil. An arrangement was finalized in which the oil-producing countries of OPEC would sell their oil only in U.S. dollars, and the dollars would wind up in Wall Street and London banks, where they would fund the burgeoning U.S. debt.
For the OPEC countries, the quid pro quo was military protection, along with windfall profits from a dramatic boost in oil prices. In 1974, according to plan, an oil embargo caused the price of oil to quadruple, forcing countries without sufficient dollar reserves to borrow from Wall Street and London banks to buy the oil they needed. Increased costs then drove up prices worldwide.
…………………….
In 2008-09, the Fed was an opaque accessory to the bank heist in which massive fraud was covered up and the banks were made whole despite their criminality. Taking the dollar off the gold standard allowed the Fed to engage in the “quantitative easing” that underwrote this heist. Bolstered by OPEC oil backing, uncoupling the dollar from gold also allowed it to maintain and expand its status as global reserve currency.
”

Posted by: psychohistorian | Dec 13 2019 15:46 utc | 66

Hungary has no plans to leave European Union — top diplomat
At the end of the day, money talks. The peoples from the former Iron Curtain should already had learned that, it’s been 30 year already…

Posted by: vk | Dec 13 2019 15:56 utc | 68

?? ‘English Outsider’ claims to have started out sceptical but his diligent research showed up severe cases of labour antisemitism, and when requested for an example simply replies “just google it”.
Well I wonder what we would find then, apart from massive amounts of references to references of claims of Labour antisemitism, where the actual cases somehow never need to be mentioned.
Here is what Mark Curtis has found(posted on twitter) in Factiva media search covering 45 days since election was called to today. Articles in UK national press (not broadcast):
“Corbyn and antisemitism” -1,247 (of which 164 in the Guardian)
‘Johnson and Islamophobia’ – 159
“Corbyn and IRA” – 253
“Johnson and Yemen” – 16

Posted by: Tuyzentfloot | Dec 13 2019 16:44 utc | 70

Vato @67–
Thanks for that! Wrote too hastily.
On the UK election, I must say that George Galloway had it 100% correct regarding the basics of the election and Corbyn’s mistakes. Craig Murray’s Postmortem is very good–the Irish are poised to finally reunite and the Scots to reclaim their independence. I do believe the outcome good for the growing Eurasianism within the EU as the UK will continue its path to becoming an economic basket case under Johnson’s Tories. Time of course will be the ultimate measure of the travesty.

Posted by: karlof1 | Dec 13 2019 17:12 utc | 72

i wish the uk well… i think boris will continue to be a disaster, and brexit will get rammed down the other half of the population with negative results… the msm tarred and feathered corbyn from the get go… the people will get what the msm wants… it ain’t gonna be pretty.. that’s my take..

Posted by: james | Dec 13 2019 17:15 utc | 74

I like this comment on the Galloway tweet.
“Reminds me of the USA. The democrats would rather see Trump get in again, than support Bernie Sanders.”

Posted by: arby | Dec 13 2019 17:22 utc | 76

Tuyzentfloot @70
…and the only conclusion that can be drawn is that English Outsider is a manipulative liar.
And patently dishonest and cowardly as well as he does not submit an email address when he posts a comment? All he does is enter the Moon Of Alabama website address under URL and his comment is accepted without an email address (just like I have done on this comment).
English Outsider is nothing more than a scurrilous rogue.

Posted by: ADKC | Dec 13 2019 17:33 utc | 78

Viking guy at 40
“Today we are not members of the EU, but all the “regulations” are forced upon us anyway. The EU is a non-democratic nightmare that must be demolished.”
Absolutely. The EU is the 2nd biggest imperialist asshole on the block, benefitting from the fact that 1st place is taken by the USA, which is far more blatant, in-your-face and universally obnoxious when at it, and doing it even to the EU. The EU not being the ultimate superpower, it can’t bully the US or China and only does it when dealing with lesser powers. That’s why it’s practically impossible for anyone living inside a major EU-member to actually notice and be aware of the typical EU behaviour: to crush any lesser country and to force it to abide by its very own rules, whether independent countries want it or not.
That the EU is that bad should have been clear and obvious to all during the Greek crisis, but most Europhiles prefer to think this was just an accident, due to some bad apples, and that “If only the Czar knew”, this wouldn’t happen. Well, UK is going to get hit badly with the future deal, because an imperalist neo-liberal power like the EU – just like the US, but most of the time without the military part of it – can only crush any opposition and make an example out of it.
If the EU were a truly democratic endeavour, they would allow at least popular referendum at EU-wide level, and possibly even initiatives, for starter. The way it works, the people have no checks on it. Not a bit surprise though, most of its core members function this un-democratic way.

Posted by: Clueless Joe | Dec 13 2019 18:09 utc | 80

Clueless Joe @80
Thank you! Being clueless you understand it better than most …

Posted by: Norwegian | Dec 13 2019 18:21 utc | 82

The English have supposedly had a democracy for many hundreds of years, but never managed to get the aristocracy and rich off their backs. People are stupid.

Posted by: Michael Weddington | Dec 13 2019 18:45 utc | 84

The only anti-semitic thing I’ve seen has been the way the mainstream political/media class in both the US and UK have adopted the longstanding neo-Nazi claim that all Jews are Zionist agents and therefore one can’t be anti-Zionist without being anti-Jew as such.by: Russ @ 57 yes, I agree give an example..
what i see is the Zionist are once again asking the masses to attack the Jews, just as the masses were asked to
Attack the Jews in Hitler’s Germany.. its a divide and conquer world.
this is the story in America
This is the story in Iraq
The decision to settle large numbers of Jews in Palestine after the First World War was in my view one of the most disastrous ever taken by a British government. From that inevitably followed the Arab Revolt, the Nakba, and all the tragedy since. English Outsider @ 62 <=blackmail brought the British government assistance in using Jewish Immigration to occupy and take from the Ottoman their oil rich land. Certain oil companies were involved also.

Posted by: snake | Dec 13 2019 18:59 utc | 86

I have not commented on this until now because it is not finished yet, but if this so-called trade deal goes in the direction of this “first phase”, then all I have to say is that China has got the USA by the balls.
This is because Trump is playing the “let’s save the farmers” card, and is exchanging tariffs over high-tech manufactured goods from China for some mere USD 50 billion of grains imports by the Chinese from American farmers. If that’s the spirit of the trade deal, then it will only accelerate America’s reprimarization. China will make the USA its giant Third World farm in the long term.
However, this is only the tendency, the theoretical limit of Trump’s doctrine. Realistically, what I think will happen is the establishment will topple Trupism eventually and return (or try to) to the status quo ante. A hot war may be waged sometime in the next 20-50 years.

Posted by: vk | Dec 13 2019 19:01 utc | 88

China takes a bit of pleasure in the UK’s decline:
“Britain was scheduled to go to the polls on Thursday for the country’s 2019 general election. Our era is undergoing tremendous changes – Britain, the once all-powerful empire, can only retreat to the sad situation of using Brexit to attract global attention today. A tediously long farce has been staged in Britain since the 2016 Brexit referendum, and many people have already become impatient and indifferent.
“Is the UK declining? Probably yes. But in the mid-19th century, the UK took the lead in completing the first industrial revolution and quickly became the leader of the world. Compared with today’s global status of the US, the UK used to be more competitive back then.
“However, compared to the bright period of the Victorian era, today’s UK no longer leads the world in military strength, political system, economy or culture. The time when the sun never set on the British Empire has long passed.
“Brexit has further dragged the UK into a downward spiral. Brexit shows the defect in the UK’s political system. Politicians transfer too much power to the people only to protect the system and fawn on the people for the sake of political interests. This has made Brexit a complete farce and a dilemma.”
The writer continues on to use the UK’s “downward spiral” as the foil for Asia’s rise.

Posted by: karlof1 | Dec 13 2019 19:08 utc | 90

Posted by: karlof1 | Dec 13 2019 18:50 utc | 85
Posted by: vk | Dec 13 2019 19:01 utc | 86
Half the tarrifs remain on Chinese exports, that is – “The United States will be maintaining 25 percent tariffs on approximately $250 billion of Chinese imports, along with 7.5 percent tariffs on approximately $120 billion of Chinese imports.”
Only after a Phase 2 deal the tarrifs will be removed. Phase 2 deal is supposed to be more about IP and technology transfers.

Posted by: Passer by | Dec 13 2019 19:17 utc | 92

@ Posted by: Passer by | Dec 13 2019 19:17 utc | 90
But the USA will not tariff the next USD 150 billion by 25% it promised to do.
Besides, the Chinese can simply rise the prices to the American consumer either way, to the tarriff per se won’t work.
Tarriffs only work when you have a direct equivalent in your domestic market, so you induce the consumer to buy the inferior, but of the same use value, national product instead of the superior quality foreign one. That’s the “infant industry” doctrine created by Alexander Hamilton, considered the father of protectionism.

Posted by: vk | Dec 13 2019 19:24 utc | 94

And they are moving after Europe now.
Trump Weighing 100% Tariffs On 10 bln $ EU Products
https://www.zerohedge.com/markets/trump-weighing-100-tariffs-eu-products-including-irish-whiskey-cognac-spanish-olive-oil-and

Posted by: Passer by | Dec 13 2019 20:03 utc | 96

The Brexit flip flop did him in.
Assange is now toast.
This extradition will have a massive impact on independent and citizen journalism everywhere.
‘If we don’t like what you publish, welcome to Solitary in Virginia… your new home.’

Posted by: MadMax2 | Dec 13 2019 20:12 utc | 98

I notice that a lot of posters here are anti-EU. That’s very common among people who have no idea how business and trade work, who haven’t seen the trucks whizzing up and down European autoroutes, and how essential the Single Market is to Just-in-Time strategies.
The EU is a practical affair. It helps businesses work, and individuals live their lives more freely, free to go and work in any country. Of course the nationalists find the loss of sovereignty involved in sharing difficult to tolerate. If any country really wants to leave, they’re free to do so. It’s remarkable though in all EU countries except UK, the formerly anti-EU parties have dropped leaving the EU from their programmes since Brexit.

Posted by: Laguerre | Dec 13 2019 20:53 utc | 100