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Lugh Ildánach

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  1. Like
    Lugh Ildánach got a reaction from curious in On Taxing Drug Dealers   
    There are great profits to be made by selling drugs to working class people, it is the working class that is most alienated, so the dynamic that you talk about being unable to effectively confront applies in working class areas more than it does anywhere else. If you can confront drugs in working class areas, you can confront them anywhere!
     
    You also have to examine the nature of the corrupting influence of drug money. Its not the moral kind of corruption, but economic corruption. If you start taxing dealers, then your financial interests and theirs merge. It becomes in your financial interests to allow them to maximise their profit so that you can maximise your share of it. Of course we are not solely governed by financial interests, but as Marxists we should recognise that economics has a huge power over all aspects of society.
     
    One of the biggest effects of this financial link is that it is clearly perceivable by the working class, and while the working class associate Republicans with the drug trade, what kind of alternative is being presented to them? It would be different if this drug taxation was going into building working class institutions, in lifting the working class out of poverty, like it does in Colombia. Even if we were niave enough to believe that it all went to buying weapons to fight the war in the north, this wealth nevertheless leaves those working class communities and does nothing to alter the working class's relation to the means of production. And of course, they don't see that war, so as far as they're concerned the money may as well have gone into the pockets of those taking the taxes.
  2. Like
    Lugh Ildánach got a reaction from Fodla32 in Is a proper discussion on abortion possible?   
    http://rhrealitycheck.org/article/2014/11/18/parents-children-syndrome-abortion-vs-hardship-false-binary/
     
    I came across the above article while examining my own views on the subject and found the approach refreshing.
     
    It seems most of the left chose to close their eyes to the capitalist agenda that is behind the drive to increase abortion of the working class. But at the same time those who do present a critical alternative analysis often still resort to crass arguments and language which have more in common with the shame based analysis of the reactionary and conservative right and fail to engage on the very real issues that patriarchy and capitalism currently impose.
     
    It seems there is little real debate going on, but just two sides entrenching themselves for the next battle. A real socialist alternative needs to be advanced, we will get nowhere if people are presented with a choice only between liberalism and patriarchy.
  3. Like
    Lugh Ildánach got a reaction from Fodla32 in Message of the National Democratic Front of the Philippeans to Republican Sinn Féin on its 2014 Ard-Fheis   
    Excellent statement and fair play to RSF for developing such fine links and solidarity!
  4. Like
    Lugh Ildánach reacted to Fodla32 in Message of the National Democratic Front of the Philippeans to Republican Sinn Féin on its 2014 Ard-Fheis   
    By LUIS G. JALANDONI
    Chief International Representative
    National Democratic Front of the Philippines
     
    On behalf of the 18 allied revolutionary organizations of the National Democratic Front of the Philippines and the revolutionary people of the Philippines, I wish to extend my warmest greetings of revolutionary solidarity to the delegates and guests of the 2014 Ard-Fheis of the Republican Sinn Féin!
     
    We salute your perseverance in militantly upholding the right of the Irish people for national liberation against the continued British occupation in Ireland. The RSF has been victorious in organizing itself in the 32 Counties, keeping the revolutionary flame of Irish Republicanism burning throughout Ireland, despite the many difficulties you have faced in the last almost three decades.
     
    The Ard-Fheis is an opportune moment to celebrate the victories achieved in the past year, and to recognize the weaknesses which need to be addressed. We wish you success in drawing up plans for the coming year, always making a step closer to realizing the New Ireland – Éire Nua.
     
    Like the Irish people, the Filipino people are also engaged in a life-and-death struggle for national and social liberation, in our case against US imperialism and the local exploiting classes of landlords and comprador big bourgeoisie. Under the leadership of the Communist Party of the Philippines, the New People's Army, the NDFP and the revolutionary masses are now operating in 71 out of the 81 provinces of the country.
     
    In villages all over the countryside, organizations of peasants, fisherfolk, women, youth, indigenous peoples, children, and other sectors are formed as the foundations of Red political power in the villages and towns. Various committees are formed to implement programs for land reform, livelihood, education, health, defense, and justice. These revolutionary organizations and local organs of Red power now cover several millions of the Filipino population. In the town centers and urban areas, organizations of the revolutionary workers, women, youth, and professionals carry out militant mass actions and strongly demand reforms from the reactionary government, and at the same time spread the good news about the armed revolutionary movement raging in the countryside.
     
    The New People's Army strikes against the military and police machineries of the ruling classes. The NPA's tactical offensives are aimed at annihilating and harassing armed enemy units, weakening it strategically, as well as confiscating weapons from the enemy in order to strengthen itself strategically.
     
    Our common struggle against imperialism – US and UK – offers excellent opportunities for solidarity and cooperation. We look forward to greater unity between our peoples and mutual support in this common struggle. We hope that the 2014 Ard-Fheis will translate to greater victories for the RSF and the Irish people, in our collective march for freedom from imperialist domination, towards a democratic republic, and a socialist future.
     
    Victory to the 2014 Ard-Fheis!
    Long live the Republican Sinn Féin!
    Long live the solidarity between the Filipino and Irish peoples!
    Long live international anti-imperialist solidarity!
     
     
    http://www.ndfp.net/web2014/index.php/news/messages/2226-message-to-the-republican-sinn-fein-on-its-2014-ard-fheis
     
     

  5. Like
    Lugh Ildánach reacted to Fodla32 in New Communist Party Founded in Donetsk Peoples Republic   
    We wish our comrades every success in the struggle against US \ EU backed Nazism.
     

     
     
     
     
  6. Like
    Lugh Ildánach reacted to Fodla32 in Republican Sinn Féin salutes the Defenders of Kobane   
    RSF news - Republican Sinn Fein - http://rsf.ie Kurdistan and Ireland: End 90 years of British partition and imperialist meddling
    Statement by the International Bureau of Republican Sinn Féin   In a statement, the International PRO of Republican Sinn Féin saluted the defenders of the Syrian-Kurdish city of Kobane while at the same time condemning the ongoing military intervention of imperialist powers led by the USA and Britain in Syria and the wider Middle East.
    The men and women of the people’s protection units (YPG) defending the city and also the other autonomously governed Kurdish cantons in Syria against the onslaught and siege of the barbaric reactionary forces of the so-called Islamic State in Iraq and Syria (ISIS) are defending one of the very few areas in Syria were all people regardless of ethnicity and religious beliefs can live in relative safety. That and the emerging democratic structures and progressive politics in those areas must be defended against an enemy that openly declares its intention of ethnic cleansing, slavery and genocide.
    We therefore urge all members and supporters of the Republican movement to support the defenders of Kobane and declare our solidarity.
    At the same time, we condemn the ongoing military intervention of the US, Britain, Turkey and other NATO states in Syria, Iraq and the entire Middle East. While they try to present themselves to the world as the saviours of Kobane, the truth is that their imperialist policies and machinations are among the root causes of the current crisis and have harmed the region of its people for almost a century.
    Around the same time Britain partitioned Ireland after the treaty of surrender, it – along with France – partitioned the Ottoman state and arbitrarily drew borders throughout the region, crushing with brute reactionary force the emerging Arab and Kurdish national movements. Since that time, imperialist powers have propped up dictators and overthrown or undermined elected governments as it suited their strategic and economic interests. Their current assurances of a limited intervention in Syria and Iraq are therefore not credible. Had it been in their interest to help the defenders of Kobane, they could have opened the border to Kurdish volunteers from Turkey long ago, or provided them with weapons and ammunition enabling them to defend themselves. But that would not have served their interests or that of NATO partner Turkey. The current show of airstrikes against ISIS targets in Iraq and Syria is far less effective militarily but enables them to exert pressure on local forces to accommodate their interests. The recent deployment of Peshmerga forces from Iraqi Kurdistan must be seen in this context.
    We as Irish republicans reject imperialism everywhere and in all its forms, as we reject racism and sectarianism, which are tools of imperialist rule. Peace cannot come to Syrian and Iraq, or any part of the Middle East, until foreign military forces are withdrawn and the meddling of outside powers ceases. The legitimate demand for Kurdish self-determination must be met, 90 years after the partition of Kurdistan. Whether this takes the shape of a Kurdish state or other forms of political organisation such as democratic confederalism is for the Kurdish people to decide.
     
    Críoch/Ends.
     
    for confirmation: International PRO Republican Sinn Féin, international@rsf.ie -------   Sinn Féin Poblachtach
    Republican Sinn Féin   r-phoist: saoirse@iol.ie
    fón: +353 (0) 1 8729747   223 Sráid Pharnell
    Baile Átha Cliath 1   223 Parnell Street
    Dublin 1
     
  7. Like
    Lugh Ildánach reacted to martin1922 in Direct Democracy The Kobani Riddle   
    Direct Democracy 
    The Kobani Riddle

    By Pepe EscobarOctober 24, 2014 "ICH" - "Asia Times" - The brave women of Kobani - where Syrian Kurds are desperately fighting ISIS/ISIL/Daesh - are about to be betrayed by the "international community". These women warriors, apart from Caliph Ibrahim's goons, are also fighting treacherous agendas by the US, Turkey and the administration of Iraqi Kurdistan. So what's the real deal in Kobani? 
     
    http://www.informationclearinghouse.info/article40053.htm
     
    Let's start by talking about Rojava. The full meaning of Rojava - the three mostly Kurdish provinces of northern Syria - is conveyed in this editorial (in Turkish) published by jailed activist Kenan Kirkaya. He argues that Rojava is the home of a "revolutionary model" that no less than challenges "the hegemony of the capitalist, nation-state system" - way beyond its regional "meaning for Kurds, or for Syrians or Kurdistan." 

    Kobani - an agricultural region - happens to be at the epicenter of this non-violent experiment in democracy, made possible by an arrangement early on during the Syrian tragedy between Damascus and Rojava (you don't go for regime change against us, we leave you alone). Here, for instance, it's argued that "even if only a single aspect of true socialism were able to survive there, millions of discontented people would be drawn to Kobani." 
  8. Like
    Lugh Ildánach got a reaction from Fodla32 in Nama dispossesses natives for profit   
    http://www.irishtimes.com/business/sectors/financial-services/nama-could-deliver-profit-of-500m-when-it-winds-down-1.1973464
     
    So Nama will deliver a profit for the state. But it's not hard to see what has been sold, and to whom? And of course we know who really paid for this!
     
    "Of its loan sales over the past 18 months, 88.5 per cent have been to US investors. Domestic buyers accounted for 6.9 per cent of sales, with Germans at 3.5 per cent and UK buyers at 1.2 per cent."
  9. Like
    Lugh Ildánach reacted in Do you Support Israel?   
    An Arabic news agency called Shehab uploaded my video on facebook, getting over 58,000 'shares'
     
    https://www.facebook.com/video.php?v=771295869579502&fref=nf
  10. Like
    Lugh Ildánach reacted to Fodla32 in Native Rat Barra McCrory gets four years extra for John Paul Wooden in a British Concentration Camp   
    The Mark of Cain.
     
    Native Rat Barra McCrory is Chief Persecutor in the occupied six counties of north-eastern Ireland.  He is the son PJ McCrory, who was a highly regarded lawyer who defended Irish people against British injustice. But this prodigal son has sold his soul to the highest bidder, and now persecutes the very Irish people his father defended.
     
     
    The Rat McCrory argued with British "judges" that Irish citizen John Paul Wootton should serve a minimum of 18 years in a British concentration camp, up from 14 years.  Needless to say, the British bigots were more than happy to oblige.  Irish citizen Brendan McConville is to spend 25 years in the same British concentration camp (of course, we expect that Ireland will have become a Communist Republic by then, and the Rat McCrory will be enjoying the benefits of the re-education center we will so generously provide him with).  And what was their supposed "crime?"  A successful military operation in which the British occupation forces suffered one fatal casualty.  Of course, that is no crime, but the facts are that no evidence was ever presented in any court that would lead any objective person to conclude that either of these man had any part in the successful military operation.
  11. Like
    Lugh Ildánach reacted to Fodla32 in Congratulations President Evo Morales and the Bolivian People   
    Congratulations to the Bolivian people who have elected President Evo Morales, for a third term by landslide majority. A true man of the people, who works tirelessly for the welfare of the people - unlike the bankster and landlord running dogs in Leinster House. Comhgairdeachas ó chraoí a Chomrádaithe.
     
     
    http://www.theguardian.com/world/2014/oct/13/evo-morales-wins-third-term-bolivian-election-landslide
     
     
  12. Like
    Lugh Ildánach reacted to Fodla32 in The Jewish State of Israel in the Levant   
    The Jewish State of Israel in the Levant – that’s how some pro-Palestine activists are now referring to Israel. With the allusion to the Islamic State (IS, formerly ISIS/ISIL), tweeters are enjoying sharing the joke.
     
    Launched by journalists Max Blumenthal and Rania Khalek on Sunday, the #JSIL hashtag has become really popular on Twitter among the critics of Israeli policies, with more than 5,200 retweets.
     
    The new tag refers to the tactics used by the two states’ military forces, with destroyed homes and thousands of refugees among their consequences.
     
    http://rt.com/news/192552-israel-jsil-twitter-isis/
     
     
  13. Like
    Lugh Ildánach reacted to Fodla32 in Mná Caointe - The Art of Keening at Funerals   
    Interesting essay and video here:
     
    http://www.millstreet.ie/blog/2011/01/15/nora-ni-shindile
     
  14. Like
    Lugh Ildánach reacted to Fodla32 in Scotland Needs a Cultural Revolution   
    ZERO ANTHROPOLOGY     Turning and turning in the widening gyre | The falcon cannot hear the falconer | Things fall apart; the centre cannot hold | Mere anarchy is loosed upon the world | The blood-dimmed tide is loosed, and everywhere | The ceremony of innocence is drowned | The best lack all conviction, while the worst | Are full of passionate intensity. — W.B. Yeats, The Second Coming Scotland Needs a Cultural Revolution  
    2

    Loyalist supporters of union with the UK
     
    The Queen of England has welcomed the Scottish referendum results from her castle in Balmoral, and Scotland’s First Minister, Alex Salmond, has resigned. Violent clashes have already occured on the streets between Unionists and Nationalists. London media organs, such as the Daily Telegraph, the Daily Mail and the Daily Express have been refused entry to Yes Campaign press conferences, video evidence of vote rigging is being posted on You Tube, and London politicians are already back tracking on promises made. By all accounts, Scottish Independence, while defeated at the polls, is a story that’s far from over.
     
    But where to for Scotland’s independence movement? The Scottish Nationalist Party, the largest party in Scotland’s devolved national assembly, had orignally asked London for a referendum on what it called Maximum Devolution (popularly called Devo Max). At present, the Scottish Assembly has control over only 7% of Scotland’s national revenue. Devo Max would have transferred almost 100% of revenues to Hollyrood (the seat of Scotland’s assembly). Devo Max was almost certain to win any referendum, so British Prime Minister, David Cameron, decided on an all or nothing gamble. The referendum would be on full Scottish independence, or nothing. On the surface, this looks to have been a good call on Cameron’s part, however, in the final weeks of the campaign, with the Yes side pushing ahead in the polls, the London establishment lost its nerve. In the second week of September, the Conservatives, Labour and the Liberal Democrats agreed to suspend Prime Minister’s Question Time in the House of Commons, and the three party leaders travelled to Scotland to, in effect, promise the Scottish people to legislate for Devo Max, if they rejected Scottish Independence. This was actually an illegal move, as postal ballots had already been caste, and they were effectively changing the terms of the referendum (but, when has the British ruling elite ever regarded the law as applying to them?).
     
    In the end, 55% of voters rejected full independence and 45% voted for. Hardly a resounding endorsement of the Union, and hardly a disaster for a Nationalist movement, which had never really felt itself ready for this outing. Even without changing their strategy and tactics in any way, the Nationalists can look on this as a battle that has brought them considerable advantage. They had originally asked for Devo Max, and now it has been promised to them. If they get it, they can use Devo Max to further loosen London control on Scottish life, and normalize the idea of independence among the doubters. If London defaults on the promises it made in the final days of the referendum campaign (as Cameron has already indicated he intends to do), then it opens a collossal gulf of trust with not only the ordinary Yes voter, but with many of those who voted to continue London rule. In effect, the Nationalists stand to gain in either scenario.
     
    Full article:
     
    http://zeroanthropology.net/2014/09/21/scotland-needs-a-cultural-revolution/#comment-25238
     
     
  15. Like
    Lugh Ildánach reacted to Fodla32 in China and Russia to build Massive New Seaport   
    Relations between Russia and China are going from strength to strength, showing the USA and its lapdogs in Europe and elsewhere that power is shifting away from the dying Anglo-Zionist empire, and to those states built up by the ideals and methods of Communism. This comes at a time when both Russia and China are building up their political and trade links with the DPRK, squashing the US efforts to isolate sovereign Korea, and at a time when both Chinese and Russian armed forces have confronted and faced down recent military incursions by the US imperial forces. There is no doubt that Libya's eight months of resistance to all the horror that NATO could throw at it, has put a back bone in both Russia and China, and showed the world that NATO is not the unstoppable force that is was once thought to be.
     
    More on this inspiring new project here:
     
    http://www.irishsun.com/index.php/sid/225618329/scat/88176adfdf246af5
  16. Like
    Lugh Ildánach reacted to Fodla32 in Logic and Pragmatism are on the side of Scottish Independence   
    Scotland has only 8.3% of the UK's population. 8.3%! Remember this important figure... 8.3%


    But we DO have...


    32% of the land area....
    61% of the sea area.
    90% of the fresh water.
    65% of the natural gas production.
    96.5% of the crude oil production.
    47% of the open cast coal production
    81% of the untapped coal reserves
    62% of the timber production
    46% of the total forest area
    92% of the hydro electric production
    40% of the wind wave and solar energy production
    60% of the fish landings
    30% of the beef herd
    20% of the sheep herd
    9% of the dairy herd
    10% of the pig herd
    15% if the cereal holdings
    20% of the potato holdings

    ...obviously 100% of the Scotch Whiskey industry.


    We have a...

    17 billion pound construction industry
    13 billion food and drink industry
    10 billion business services industry
    9.3 billion chemical services industry
    A 9.3 billion tourism industry
    7 billion financial services industry
    5 billion aeroservice industry
    4.5 billion pound whiskey exports industry
    3.1 billion pound life sciences industry
    Scotland still has 350 million pounds worth of textile exports
    We have 25% of Europes wave and wind energy potential.
    And finally we are blessed to have 1.5 trillion pound worth of oil and gas reserves.




    All of this, yet only 8.3% of The UK's population... Whaow Scotland should be rich!




    IGNORANCE...
    If you hear anyone saying "I DONT LIKE ALEX SALMOND" or "I DONT LIKE SNP"...
    THIS VOTE IS ABOUT SCOTLAND'S RIGHT TO ELECT ITS OWN GOVERNMENT... IT HAS NOTHING WHATSOEVER TO DO WITH ALEX SALMOND OR THE SNP.

    DONT LET POLITICAL IGNORANCE RUIN THIS OPPORTUNITY.




    Do you know... This is the UK's legacy of success in our history of being better-together is as follows...


    The UK has the 3rd lowest pensions in the 34 OECD countries of the world
    The UK has the single most expensive childcare in the European Union
    The UK has the second lowest-paid economy in the entire developed world
    The UK has the 3rd longest working hours in the EU
    The UK has the lowest number of holidays in the EU
    The UK has the 8th highest gender inequality pay gap out of the EU's 28 countries
    The UK has the highest likelihood of poverty in disablement in the EU
    The UK has the highest rail prices in Europe
    The UK has the second highest housing cost in Europe
    The UK has the highest fuel poverty rates in Europe.
    The UK is the 4th highest country of wealth inequality in the entire planet!


    But surely these awful figures cannot be possible when you read the following Scottish statistics...


    Now, finally, did you also know that in all of the UK's elections for Westminster ever!... Not one vote cast in SCOTLAND has ever mattered! Because of the Westminster numbers, whatever government England votes for, the UK gets. So we have no democracy here!!! 4 decades of tory rule that we voted against is proof enough, and our defiance was punished by the closure of all the mines; closure of all the steelworks; closure of all the shipyards losing hundreds if thousands of jobs. The term used by Westminster's Thatcher when these industries needed some assistance was "let the markets decide". Funny how when the greedy bankers collapsed everywhere they were bailed out to the tune of over a trillion pounds of our money... Not a mention of "let the markets decide".




    FACTS:

    Fact: Scotland has an oil boom waiting to happen on the West Coast, but Michael Hesaltine signed a cessation of any form of oil exploration in the entire area in the 80's to make way for nuclear submarines which Scotland doesn't want!


    Fact: Scotland has shown its revulsion time and time again to nuclear weapons but they place them here against our countries wishes. A recent contingency report was carried out a out the feasibility of relocating them in Portsmouth. The report stated that it was unfeasible because the detrimental risk to the area of an incident was too high. (Ok for the Clyde though)


    Fact: Scotland, with only 1 Tory MP, was forced to take the shocking attack on the poor & disabled called The Bedroom Tax, even though as our nations government, Holyrood voted to utterly reject this awful tax on the poor. Westminster gave us it anyway!


    Fact: We are led to believe that the oil in our waters is finished and its a dying industry. Yet 13.5 billion has been invested by oil companies in the last 2 years alone!


    Fact: The Clair Oil Field is about to open, and on its own has over 650 million barrels which will be extracted over 20+ years with production reaching a hundred thousand barrels a day!


    Fact: Scotland gives more to Westminster than it gets back. Do you really think they'd be so keen to keep us if we were being subsidised like they'd have us believe?


    Fact: Westminster has amassed over £1.3 trillion debt and still growing at nearly £6000 a second. Thats another £516 million today alone which YOU will have to pay for.


    Fact: Of the 178 countries that have gained their own independence across this planet, not one single one of them has ever asked to reverse this independence, and very few of them have the assets we have.


    SCOTLAND, WHAT ARE WE SCARED OF? WE HAVE A CHANCE... WITHOUT A SINGLE BULLET BEING FIRED, WITHOUT A SINGLE DEATH... TO GET OUR FREEDOM AND INDEPENDENCE, ALL YOU HAVE TO DO IS PUT A CROSS IN THE YES BOX.


    SCOTLAND, ITS TIME TO STAND UP AS A NATION AND VOTE YES ON THE 18TH OF SEPTEMBER... AND BECOME A FREE AND CARING NATION AGAIN!!!


    VOTE YES AND SET OUR COUNTRY FREE!!!!
    Y E S ! ! ! Y E S ! ! ! Y E S ! ! !
     
  17. Like
    Lugh Ildánach reacted to Fodla32 in New Book: Good Intentions (Norms and Practices of Imperial Humanitarianism)   
    How do “good intentions” pave the road for empire? There is some confusion around this question, especially in North America, that reflects the dominant ideological charter for interventionism abroad and increased moral regulation at home (that is, politics masked as morality), with one result being increased militarization in order to forever be at the ready to intervene. The confusion is deliberate by those doing the work of mystification, feigned by those who spin multiple simultaneous contradictions in order to distract and distort, and innocent on the part of those who trust experts and authorities. The confusion in question has multiple facets that take the form of various myths and inaccuracies:
     
    a) that the intentions are good, and thus they justify all actions taken, while expressions of anti-interventionism are to be judged as born of malice and ill-will;
    b} that the motivations have little to do with protecting or enhancing corporate power and neoliberal socio-economic restructuring;
    c) that our violence is civilized, while the violence of others is barbaric;
    d) that our political systems are democracies, while brutal regimes rule others;
    e) that there really is no imperialism, and if there is then it is both eternal and a fundamental part of an unchanging human nature;
    f) that we must never stand idly by while others suffer, except for when it is suitable to our leaders, especially when we commit atrocities;
    g) that there is no basic, underlying political uniformity within our dominant political and media institutions;
    h) that we practice good governance, both transparent and accountable, without pandering to private interests; and,
    i) that we encourage and tolerate a broad range of views, and do not narrow down discourse to a select few allowable perspectives.
     
    These myths and a few more form part of the orthodoxy of what is now a post-liberal society.
     
    Full article by Professor Maximilian Forte:
     
    http://zeroanthropology.net/2014/08/25/new-book-good-intentions-norms-and-practices-of-imperial-humanitarianism/
  18. Like
    Lugh Ildánach reacted to Fodla32 in The Spectator: Are we on the verge of a new credit crunch?   
    There’s no shortage of commentators (and stockbrokers) insisting the outlook is rosy and share prices will keep on rising. And almost all political punditry assumes the UK economy is improving fast and, as next May’s general election approaches, will get better still.
     
    Yet alarming evidence is amassing that the global recovery is shaky, stock markets are over-hyped and the large western banks, for all the talk of reform, remain a serious liability. The reality, and it gives me no pleasure to write this, is that we could see a re-run of the ghastly credit crunch of 2007/08.
     
    America, still the world’s largest economy by far, contracted sharply during the first quarter of this year. US GDP fell at an annual rate of 2.9 per cent on official figures, the first drop we’ve seen since the dark days of 2011. The eurozone, meanwhile, remains on the brink of recession, with GDP across the 18-nation currency area expanding a mere 0.2 per cent.
     
    Despite this lack of growth, stock indices in the US and across the western world have repeatedly hit all-time highs in recent months. No matter that GDP is contracting or that US first-quarter corporate earnings were down 3.4 per cent. America’s S&P500, the world’s most watched stock index, has broken its daily closing price record more than 20 times this year.
     
    The reason, of course, is the Federal Reserve’s money-printing machine. Since ‘quantitative easing’ began in response to the late-2008 collapse of Lehman Brothers, the Fed has created thousands of billions of virtual dollars, with the Bank of England chipping in hundreds of billions of similarly computer-generated pounds. Much of this has found its way into global stock markets, sending equity prices sky-high. Designed as an emergency measure, QE has since become a lifestyle choice, the financial and political equivalent of crack cocaine.
     
    While the Fed has begun ‘tapering’, slowing down the rate of its de facto money–printing, the scale of QE remains vast, some $45 billion a month. That’s driven the absurd ‘bad news is good news’ mantra that still dominates the thinking of investors on Wall Street and other major stock markets. Weak economic numbers make it more likely the Fed will relent and slow down or even reverse its tapering, turning up the funny–money dial, and thus stock prices, even more. Forget economic growth and forget corporate earnings. It’s all about the Fed.
     
    This blatant rigging of western equity markets has gone on for several years, with stocks soaring despite weak economic fundamentals. While everyone in financial circles knows this, to say as much out loud is to guarantee pariah status — and I should know. But eyebrows are now being publicly raised by genuine insiders, with the Swiss-based Bank for International Settlements, an umbrella organisation for the world’s leading central banks, warning of ‘euphoric’ equity valuations. ‘It is hard to avoid the sense of a puzzling disconnect between the markets’ buoyancy and underlying economic developments globally,’ it argued in its annual report published earlier this month.
     
     
    http://www.spectator.co.uk/features/9271191/back-to-the-brink/
     
  19. Like
    Lugh Ildánach reacted to Fodla32 in MoneyNews: Why the Next Stock Market Crash Will Happen Any Day Now   
    Friday, 08 Aug 2014 02:16 PM
    By Christian Hill
     
    There is overwhelming evidence that the next stock market crash could strike any day now, and a growing number of investors are turning to a noted economist to prepare for the “unthinkable.”

    The message is clear: Despite the Dow hitting pre-crash highs, companies reporting positive earnings, and the financial media saying we are looking at the “beginning of a new bull market,” the stock market is on the verge of another historic collapse.

    The evidence is in a group of charts released by some of the biggest names on Wall Street.
    Individually, these charts may not mean much. But taken collectively, they are simply too much for any investor to ignore.
      Full article:   http://www.moneynews.com/MKTNews/Market-Collapse-Finance-Stocks/2013/03/01/id/492699/ 
     
  20. Like
    Lugh Ildánach got a reaction from Fodla32 in SWP Member, Irish citizen, and CIA Spy, Madhi al-Harati, becomes Mayor of Tripoli   
    Only one kind of welcome home this rat deserves!
  21. Like
    Lugh Ildánach got a reaction from Fodla32 in World Bank & IMF plan to dismantle Ukrainian economy   
    http://truth-out.org/news/item/25365-how-world-bank-and-imf-plan-to-dismantle-ukrainian-economy
  22. Like
    Lugh Ildánach got a reaction from Fodla32 in Founding of a Republic   
    And if people are interested in pre-communist history for some crazy reason, here is a link to "1911 Revolution" about the revolution which established the bourgeois Republic in 1911.
     
    http://www.youtube.com/watch?v=RYRh-Un_pl4
  23. Like
    Lugh Ildánach got a reaction from Fodla32 in Founding of a Republic   
    And prequel "Founding of a Party", about the formation of the CCP
     
    http://www.sockshare.com/file/58B30D41D86A3285#
  24. Like
    Lugh Ildánach got a reaction from Fodla32 in Founding of a Republic   
    State sponsored and well produced film about the formation of the People's Republic of China
     

  25. Like
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