FuckyWucky [none/use name]

  • 3 Posts
  • 175 Comments
Joined 1 year ago
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Cake day: March 21st, 2023

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  • That’s not how money works. In fact Milei “achieved” first fiscal surplus since 2012 despite inflation of over 200%.

    I would suggest reading “J is for Junk Economics” by Michael Hudson.

    Also see

    Historically, the key aspect of the deuda is that it is based on a foreign currency, the world trade currency controlled by the ruling empire. It was once the British pound. Since 1944 it has largely been the US dollar.

    The United States can “print” dollars (and the Federal Reserve does so regularly), but Argentina cannot. The same is true of other countries in the Global South with large external debts denominated in foreign currencies.

    There are only two ways for these nations to get dollars: exporting and borrowing.









  • Increased access to potentially lethal prescription opioids has made it easier for women, specifically, to end their own lives; and a shrinking federal safety net has contributed to rising suicide rates among all adults during tough economic times, the study suggests.

    I’m leaning towards the latter. Shitty economic conditions leading people to overdose.

    In Sweden during a massive economic crash from 1990 to 1994, suicide deaths did not increase, in part because the government invested in social safety net programs to minimize the health effects of financial strain, Simon said. While rates spiked at the onset of the Great Depression, they plummeted after the passage of the New Deal in 1933, which put Americans back to work via publicly funded projects.

    No way capitaldcolon







  • The first Trump administration stress-tested the bonds between the U.S. and its allies, particularly in Europe. Trump derided the leaders of some friendly nations, including Germany’s Angela Merkel and Britain’s Theresa May, while praising authoritarians such as Turkish President Recep Tayyip Erdogan and Russian leader Vladimir Putin. He has called China’s Xi Jinping “brilliant” and Hungary’s Viktor Orbán “a great leader.”

    This is so stupid. Trump was the one who started a trade war with China. Him praising Xi doesn’t mean shit.

    Secondly, despite claiming to be anti-west, Erdogan and Orban are both pro-West allies and will fall in line under pressure. Both countries are NATO members too btw. Why is such a democratic organization like NATO having “authoritarian” countries as members?

    Also why is there no mention of Modi? Both Biden and Trump have been more than friendly with him.

    Trump’s Israel policy is no different. He is more belligerent towards Iran.

    In campaign speeches, Trump remains skeptical of organizations such as NATO, often lamenting the billions the U.S. spends on the military alliance whose support has been critical to Ukraine’s fight against Russia’s invasion.

    Rhetoric and actions are entirely different. Trump knows very well that Ukraine War is ultimately beneficial for the U.S. and the MIC.

    Another thing to keep in mind, U.S. is NATO, without the U.S there is no NATO.

    He warned: “We must realize that the EU cannot be an economic and civilizational giant and a dwarf when it comes to defense, because the world has changed.”

    That has been the status of Europe since end of cold war, a puppet of American capitalism, nothing more. And nothing will change unless there is a socialist revolution or something.