Tag Archives: Ash Heap Of History

Alfred McCoy: Tweeting While Rome Burns

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“In just one extraordinary year, Trump has destabilized the delicate duality that has long been the foundation for U.S. foreign policy: favoring war over diplomacy, the Pentagon over the State Department, and narrow national interest over international leadership. But in a globalizing world interconnected by trade, the Internet, and the rapid proliferation of nuclear-armed missiles, walls won’t work. There can be no Fortress America.”

Read more: http://www.tomdispatch.com/post/176373/tomgram%3A_alfred_mccoy%2C_tweeting_while_rome_burns/

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Both Sides of the Aisle Fire Back At Jeff Sessions’ New War on Weed

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“With legal marijuana enjoying consistent majority support in opinion polls—a Pew poll released Friday at support at 61%–the blowback has been immediate, fierce, and across the board. Feeling particularly vulnerable, legal pot state Republicans howled especially loudly.”

Read more: https://www.alternet.org/drugs/america-declares-war-jeff-sessions-threatened-war-weed

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Orgies, devil men, knife-wielding maniacs: A history of cannabis in California

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“California was home to the Haight-Ashbury counterculture movement, the Grateful Dead and Cheech & Chong. It’s also the home state of Richard Nixon, who birthed the modern drug war, and Ronald Reagan, the president who made Nixon’s war metaphor all too literal. Today, we’ll look at cannabis in California up until about the late 1960s.”

Read more: https://www.washingtonpost.com/news/the-watch/wp/2018/01/09/orgies-devil-men-and-knife-wielding-maniacs-a-quick-history-of-cannabis-hysteria-in-california/

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Debate On Oklahoma Medical Marijuana Bill Continues

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“Pat Campbell talks with Shawn Jenkins about SQ 788, the Oklahoma Medical Marijuana Bill.”

Read more: https://art19.com/shows/pat-campbell-podcast/episodes/a8e2c969-b378-4978-9e8f-b1810850cb3c

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IMF Head Foresees the End of Banking, Triumph of Cryptocurrency

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“In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.  Christine Lagarde–a Paris native who has held her position at the IMF since 2011–says the only substantial problems with existing cryptocurrency are fixable over time.”

Read more: https://fee.org/articles/imf-head-predicts-the-end-of-banking-and-the-triumph-of-cryptocurrency/

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Maduro: Trump’s ‘imperialist hand’ is behind Venezuelan revolution

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“Venezuelan President Nicolas Maduro on Sunday said that his U.S. counterpart, Donald Trump, is deeply involved in ‘terrorist’ activities and the violence that is unfolding in the South American nation with an eye toward ‘taking political control’ there.  Maduro said on his weekly radio-television show that his country is facing an ‘attack by violent forces (…) intolerance and generalized destruction,’ and that behind all this turmoil is ‘the imperialist hand of Donald Trump.’  ‘Trump has his hands infected and stuck deeply into this conspiracy and this attack that has as its objective taking political control in Venezuela, recolonizing Venezuela,’ Maduro claimed.”

Read more: http://www.foxnews.com/world/2017/05/22/trumps-imperialist-hand-is-behind-venezuelas-turmoil-president-claims.html

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I never knew how screwed up global banking was until I started my own bank

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“You can imagine my surprise when I found out that SWIFT runs on Windows Vista – an obsolete operating system that Microsoft no longer supports.  When my bank received its SWIFT code, we were told that we had to have a computer running Vista in the office in order to connect to SWIFT.  It was such an absurd exercise to find an obsolete computer running an obsolete operating system to connect to the supposedly most advanced and important international payment network in the world.  Unsurprisingly, SWIFT has been hacked numerous times, both by the NSA as well as private hackers who have stolen a great deal of money from their victims.”

Read more: https://www.sovereignman.com/trends/i-never-knew-how-screwed-up-global-banking-was-until-i-started-my-own-bank-21494/

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Ron Paul Says to Watch the Petrodollar

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“From 1972 to 1974, the U.S. government made a series of agreements with Saudi Arabia. These agreements created the petrodollar system. The U.S. government chose Saudi Arabia because of its vast petroleum reserves, its dominant position in OPEC, and the (correct) perception that the Saudi royal family was corruptible. In essence, the petrodollar system was an agreement that the U.S. would guarantee the survival of the House of Saud. It’s hard to overstate how much the petrodollar system benefits the U.S. dollar. It’s allowed the U.S. government and many Americans to live beyond their means for decades.”

http://www.internationalman.com/articles/ron-paul-says-to-watch-the-petrodollar

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Saudi Arabia may go broke before the US oil industry buckles

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“Bank of America says OPEC is now ‘effectively dissolved’. The cartel might as well shut down its offices in Vienna to save money.  OPEC now faces a permanent headwind. Each rise in price will be capped by a surge in US output. The only constraint is the scale of US reserves that can be extracted at mid-cost, and these may be bigger than originally supposed, not to mention the parallel possibilities in Argentina and Australia, or the possibility for ‘clean fracking’ in China as plasma pulse technology cuts water needs. Saudi Arabia is effectively beached. It relies on oil for 90pc of its budget revenues. There is no other industry to speak of, a full fifty years after the oil bonanza began.”

http://www.telegraph.co.uk/finance/oilprices/11768136/Saudi-Arabia-may-go-broke-before-the-US-oil-industry-buckles.html

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Latin America Says ‘Adiós’ to the Populist Left

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“The defeat of the Kirchner government in Argentina was the first strong sign of the new Latin American zeitgeist. Next Sunday Venezuelan voters, the polls tell us, will strongly repudiate the Hugo Chávez legacy, although widespread election fraud is likely. Chavisimo won’t go quietly.  Similar stories are emerging elsewhere. Barely 10 percent of Brazilians support President Rousseff, and legal proceedings began this week that could lead to her impeachment. Ecuador’s Correa had to suspend his attempt to change the election rules so he could seek permanent reelection. The recent elections and polls are a clear shift toward free markets and transparent government.”

http://www.independent.org/newsroom/article.asp?id=8608

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