Posted by: quiscus | November 8, 2012

November 8, 2012

1. “Marijuana Legalization in US States Could Encourage Central America

Latin American leaders support legalization as a way to decrease violence, undermine cartels, and preclude US meddling

Uruguay has been moving forward on a proposal to legalize marijuana, albeit under a government monopoly. “Chile also has a bill before its Congress. I’m guessing that Argentina may also follow suit. This will go from south to north,” Hope said.

The drug war justifies all kinds of aggressive US foreign policies in the region, supporting repressive governments and para-militaries, while allowing the prohibitionist policies to deepen the black market in drugs and embolden violent drug gangs.”

2. “Why Bill O’Reilly is Wrong about Minorities ‘Wanting Things” & the Election

Bill O’Reilly set the frame for an “angry white male” understanding of the bath Mitt Romney took at the polls Tuesday night, even before it was entirely clear to Fox Cable News that their guy was going down.

O’Reilly, for all the world like a liberal arts assistant professor, explained it in terms of class, race and gender. He said that the “white establishment” is no longer the majority, and that African-Americans, Latinos and Asians are now 50% of the electorate and they, along with white women, “want things” from “the government.”

O’Reilly’s premises, that “whites” are “50%” of the population and don’t want “things” from “the government,” are false. Euro-Americans considering themselves “white” are 72% of the national population.

Moreover, it is well-known that the Republican “red states” receive the most Federal aid. These states are less racially diverse than the highly urbanized “blue” states, and so are full of white people.

What has happened is that America is democratizing, and people want a fairer system than dominance by male WASPs.”

3. Just like in 08, it took less than one day for the first US murder:

“Obama Bombs Yemen Hours After Winning Reelection”

4. “It’s the Interest, Stupid! Why Bankers Rule the World

In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.

This hidden tribute to the banks will come as a surprise to most people, who think that if they pay their credit card bills on time and don’t take out loans, they aren’t paying interest. This, says Dr. Kennedy, is not true. Tradesmen, suppliers, wholesalers and retailers all along the chain of production rely on credit to pay their bills. They must pay for labor and materials before they have a product to sell and before the end buyer pays for the product 90 days later. Each supplier in the chain adds interest to its production costs, which are passed on to the ultimate consumer. Dr. Kennedy cites interest charges ranging from 12% for garbage collection, to 38% for drinking water to, 77% for rent in public housing in her native Germany.

How to Recapture the Interest: Own the Bank

The implications of all this are stunning. If we had a financial system that returned the interest collected from the public directly to the public, 35% could be lopped off the price of everything we buy. That means we could buy three items for the current price of two, and that our paychecks could go 50% farther than they go today.

Direct reimbursement to the people is a hard system to work out, but there is a way we could collectively recover the interest paid to banks. We could do it by turning the banks into public utilities and their profits into public assets. Profits would return to the public, either reducing taxes or increasing the availability of public services and infrastructure.

By borrowing from their own publicly-owned banks, governments could eliminate their interest burden altogether. This has been demonstrated elsewhere with stellar results, including in Canada, Australia, and Argentina among other countries.”


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