The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Tag: Capitalism
Red Scared: Revising history at the Victims of Communism Museum
“THERE IS NO WAY he is a victim of communism,” my partner quips, pointing to a photo of the late Pope John Paul II. We are near the end of our visit to the new Victims of Communism Museum, standing in an elevator-size lobby with photographs of “victims” screen-printed all over the walls. Among the many victims and honorees: Chinese artist Ai Weiwei, the Dalai Lama, Romanian writer Herta Müller, Hong Kong activist Joshua Wong, and Hungarian neofascist Viktor Orbán.
Red Scared: Revising history at the Victims of Communism Museum (archived)
Smedley Butler on Interventionism
Excerpt from a speech delivered in 1933, by Major General Smedley Butler, USMC.
War is just a racket. A racket is best described, I believe, as something that is not what it seems to the majority of people. Only a small inside group knows what it is about. It is conducted for the benefit of the very few at the expense of the masses.
Smedley Butler on Interventionism
Related:
“War Is A Racket” By Maj. Gen. Smedley D. Butler, Read By Jon Gold
Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses
As regulators rush through emergency measures to prevent further chaos following the disastrous collapse of Silicon Valley Bank, there’s a point they’re very keen to emphasize: this is not a bailout.
Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses
Related:
Joe Biden stuck around just long enough to lie about who’s on the hook for SVB bailout
The More the Class Conflict Escalates, the More Important Anti-Imperialist Principles Become
*Trigger Warning*
“This war is not a war between Russians and Ukrainians,” says the Texan Russell Bentley in a documentary interview about why he came to help fight for the Russian side after 2014’s fascist U.S. coup in Ukraine. “It’s not a Ukrainian civil war, it’s really a war between good and evil. It’s a war between genuine Nazis, and normal people.”
The More the Class Conflict Escalates, the More Important Anti-Imperialist Principles Become
The specter of socialism haunts US Congress
*Trigger Warning*: this talks about socialism, which seems to trigger some of those who follow my blog. If you don’t like something, that I post, either scroll on by or unfollow me!
A specter is haunting Congress: the specter of socialism.
Last week, as the US Congress discussed approving billions more dollars in weapons for the war against Russia and began negotiating cuts to social programs in advance of the debt ceiling expiration, the House spent three days discussing and adopting a resolution denouncing socialism and pledging to reverse all the social gains made by the working class on a global scale in the century since the Russian Revolution of 1917.
…
Before the resolution was brought to a vote Thursday, the Republican-controlled House Rules Committee rejected a proposed amendment introduced by Democrats that would have clarified “that opposition to the implementation of socialist policies in the US does not include federal programs like Medicare and Social Security,” according to the Hill.
The specter of socialism haunts US Congress
“They’re going to call you socialists anyways”: Progressives slam 109 Dems for backing GOP stunt
“They’re going to call you socialists anyways”: Progressives slam 109 Dems for backing GOP stunt
Here’s what this is really about: More and more members on the other side of the aisle are calling for cuts to Social Security and Medicare, and many have referred to these programs as “socialism” throughout their existence. The other night in the Rules Committee they showed their cards. Republicans refused an amendment to declare that Social Security and Medicare is not socialism. This resolution is little about intelligent discourse and everything to do about laying the groundwork to cut Social Security and Medicare.
‘Socialism’ for me, but not for thee?!
I Don’t Want to #StopAsianHate. I Want to End US Imperialism
By Elizabeth Tang – July 8, 2021
Editorial note: As a rule Orinoco Tribune does not re-publish opinion pieces more than 10 days after their original publication, but in this case we are making an exception, because this is a on a very sensitive issue that demands attention.
I don’t like the #StopAsianHate hashtag. First of all, Asians are not the ones doing the “hating.” And second, why are we calling it “hate” at all? Anti-Asian violence is systemic—it cannot be reduced to individual feelings.
I Don’t Want to #StopAsianHate. I Want to End US Imperialism
Catherine Perez-Shakdam: The “Israeli Spy” Who “Infiltrated” MintPress
A storm of controversy erupted earlier this year in Iran, after local media outlets announced that a “Mossad spy” and “Israeli infiltrator” had gained the trust of the country’s senior leadership, penetrated into the highest halls of power, and had even been employed as a writer for Ayatollah Khamenei himself.
Catherine Perez-Shakdam: The “Israeli Spy” Who “Infiltrated” MintPress
UK: Prepay meter scandal reveals workers being slowly crushed by energy debt
Workers who can’t afford crippling energy prices are being forced to pay even higher rates by the vulture providers.
Prepay meter scandal reveals workers being slowly crushed by energy debt
Ms. Cat’s Chronicles 
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