Surviving Capitalism (Not) : Central banks have trillions for speculation, none for people

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Wednesday, December 9, 2015

Central banks have trillions for speculation, none for people

Click here to access article by Pete Dolack from Systemic Disorder.

Dolack is a master at explaining to ordinary people the financial games that our capitalist masters play because of our ignorance or when we don't pay attention. He explains how they are currently waging this class war and what we could have done with all the free money that the Fed gave to banks and corporations.

Instead of throwing money at speculators and banks in the vain hopes they would spend the money productively instead of pocketing it or directing it toward speculation or boosting stock prices, we could have wiped out all student debt, fixed all the schools, rebuilt aging water and sewer systems, cleaned up contaminated industrial sites and repaired dams, and still have $700 billion more to spend on other needs.