OscailtClass loyalty will tell: The state hires Merrill Lynch as financial advisersIs the government trying to go bankrupt?
Breaking news: Italian MP, Sgarbi denounces the Statistical Fraud on COVID-19. The speech of the Member of Parliament Vittorio Sgarbi in the session of the Italian Camera, Meeting no. 331 of Friday 24, April, 2020. Vittorio Sgarbi, denounces the closure of 60% of the businesses for 25,000 COVID-19 Deaths, of which the National Institute of Health says 96.3% died NOT of COVID-19 but of other pathologies. That means only 925 have died of the virus. 24,075 have died of other things.2009-01-27T08:51:17+00:00Indymedia Irelandimc-ireland@lists.indymedia.iehttp://www.indymedia.ie/atomfullposts?story_id=90817http://www.indymedia.ie/graphics/feedlogo.gifThe World Economic Crisis: A Marxist Analysis.http://www.indymedia.ie/article/90817#comment2441732009-01-27T08:51:17+00:00David McCannExcerpt: "In the case of the joint stock company, established through the issuin...Excerpt: "In the case of the joint stock company, established through the issuing of shares, the shareholders, in return for supplying money capital, receive a title to property. They do not have a right to a portion of the company. As a shareholder of a retail chain, you cannot go into a store and claim some of the merchandise, on the grounds that you are a part owner of it. The merchandise is the property of the incorporated person, the company. What you are entitled to is a portion of the profit, in the form of a dividend.<br />
<br />
With the development of credit and shareholding we have the creation of new markets—financial markets—in which these titles to income, bonds and shares, are bought and sold. And as the prices of these financial assets rise and fall, so profits can be made by buying and selling them.<br />
<br />
Here I want to emphasise that there are not two forms of capital. The money that was supplied, either as credit or through share subscription, has been deployed to purchase labour power and the means of production. It has become productive capital engaged in the process of extracting surplus value from the working class. It does not exist in the form of money as well. The shares and bonds are what Marx called "imaginary" capital, or fictitious capital. They are, in the final analysis, titles to income, to a share of the surplus value extracted by productive capital.<br />
<br />
However, in the world of finance, of fictitious capital, it is possible to make great profits by buying and selling financial assets. This is an enchanted world, a world of illusion, because here it is possible to make money simply through the manipulation of money. Money, through the payment of interest, seems to accumulate as a natural function of its existence. Money begets money as Nature herself nurtures the growth of plants and animals. How could labour possibly be the source of all profit when clever manipulations and trades by financial operators can result in the accumulation of vast wealth?" Nick Beams<br />
<br />
point taken but..http://www.indymedia.ie/article/90817#comment2445972009-02-01T01:53:43+00:00pascalas vincent browne writes today in the sbp, it is the weakest section of society ...as vincent browne writes today in the sbp, it is the weakest section of society that will fund the shortfalls which FF aka the builder party have esposed us to, but tripling capital gains tax and higher corporation tax would likely not be a good solution. Last thing we need is to give intel another reason to leave..much better to focus on trasparency and accountability at govt level, we need to find out why the bank guarantee exposing us to ruinous losses was rushed through by cowen and leninhan with not even the opposition having time to react. Even their own party had no say by the look of it, and this was of such collosal import to every single one of us. We need to to question our apathy to politics or we will continue to have our futures sold off. Unfortunately in Ireland there is no civic spirit, its more "as long as im alright jack". In other countries there would be demonstrations by now. <br />
<br />
Secret Spending: Fed Lends Two Trillion Without Oversighthttp://www.indymedia.ie/article/90817#comment2446102009-02-01T11:59:47+00:00redjadefound at: http://bravenewfilms.org/blog/?p=68735
'So, you know about the Treasur...<blockquote>found at: <a href="http://bravenewfilms.org/blog/?p=68735" title="http://bravenewfilms.org/blog/?p=68735">http://bravenewfilms.org/blog/?p=68735</a><br />
'So, you know about the Treasury’s $700 billion bailout plan. But you probably don’t know that the Federal Reserve has lent out about $2 trillion since September. Few do. And that is what’s irritating bulldog Congressman Alan Grayson. Will he be able to shed a light on the Fed’s secret spending?'<br />
</blockquote>Blogging Connections / Merril Lynch / Bank Of America / Waterford Crystalhttp://www.indymedia.ie/article/90817#comment2446222009-02-01T14:32:26+00:00echttp://www.eurotrib.com/?op=displaystory;sid=2009/1/31/...2/798
A scary tale co...<a href="http://www.eurotrib.com/?op=displaystory;sid=2009/1/31/204732/798" title="http://www.eurotrib.com/?op=displaystory;sid=2009/1/31/204732/798">http://www.eurotrib.com/?op=displaystory;sid=2009/1/31/...2/798</a><br />
<br />
A scary tale considering these ML people are also state advisors!