Paul Craig Roberts Translations

What part will your country play in World War III?

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What part will your country play in World War III?

By Larry Romanoff, May 27, 2021

 

The true origins of the two World Wars have been deleted from all our history books and replaced with mythology. Neither War was started (or desired) by Germany, but both at the instigation of a group of European Zionist Jews with the stated intent of the total destruction of Germany. The documentation is overwhelming and the evidence undeniable. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)

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Tuesday, April 4, 2017

The World’s Best Economist -- Paul Craig Roberts

The World’s Best Economist


The World’s Best Economist
Paul Craig Roberts
If you want to learn real economics instead of neoliberal junk economics, read Michael Hudson’s books.
What you will learn is that neoliberal economics is an apology for the rentier class and the large banks that have succeeded in financializing the economy, shifting consumer spending power from the purchase of goods and services that drive the real economy to the payment of interest and fees to banks.
His latest book is J is for Junk Economics. It is written in the form of a dictionary, but the definitions give you the precise meaning of economic terms, the history of economic concepts, and describe the transformation of economics from classical economics, where the emphasis was on taxing incomes that are not the product of the production of goods and services, to neoliberal economics, which rests on the taxation of labor and production.
This is an important difference that is not easy to understand. Classical economists defined “unearned income” as “economic rent.” This is not the rent that you pay for your apartment. Economic rent is an income stream that has no counterpart in cost incurred by the receipient of the income stream.
For example, when a public authority, say the city of Alexandria, Virginia, decides to connect Alexandria with Washington, D.C., and with itself, with a subway paid for with public money, the owners of property along the subway line experience a rise in property values. They owe their increased wealth and their increased incomes from the rental values of their properties to the expenditure of taxpayer dollars. If these gains were taxed away, the subway line could have been financed without taxpayers’ money.
It is these gains in value produced by the subway, or by a taxpayer-financed road across property, or by having beachfront property instead of property off the beach, or by having property on the sunny side of the street in a business area that are “economic rents.” Monopoly profits due to a unique positioning are also economic rents.
Hudson adds to these rents the interest that governments pay to bondholders when governments can avoid the issuance of bonds by printing money instead of bonds. When governments allow private banks to create the money with which to purchase the government’s bonds, the governments create liabilities for taxpayers than are easily avoidable if, instead, government created the money themselves to finance their projects. The buildup of public debt is entirely unnecessary. No less money is created by the banks that buy government bonds than would be created if the government printed money instead of bonds.
The inability of neoliberal economics to differentiate income streams that are economic rents with no cost of production from produced output makes the National Income and Product Accounts, the main source of data on economic activity in the US, extremely misleading. The economy can be said to be growing because public debt-financed investment projects raise the rents along subway lines.
“Free market” economists today are different from the classical free market economists. Classical economists, such as Adam Smith, understood a free market to be one in which taxation freed the economy from untaxed economic rents. In neoliberal economics, Hudson explains, “free market” means freedom for rent extraction free of government taxation and regulation. This is a huge difference.
Consequently, today the US economy is focused by policymakers including the Federal Reserve on maximizing rentier income at the expense of the growth in the real economy. Rentier income has the productive economy in a death grip. The economy cannot grow, because consumer income is siphoned off into payment of interest and fees to banks, and is not available for increased purchases of real goods and services.
Independently I arrived at Hudson’s conclusion that neoliberal economics is a device for ripping off workers and producers in order to convey awards to the rentier class. Neoliberal economics is a predatory device that justifies the exorbitant incomes of the One Percent while blaming rising debt on those forced into debt-peonage in order to survive. Hudson’s virtue is that he explains the historical development of debt-peonage and makes it clear that this is the status that the One Percent intends for the 99 Percent. He resurrects classical economics and reformulates economic theory in keeping with the facts on the ground instead of rentier interests.
Hudson is a coauthor of mine. In former times it would have been inappropriate for me to review the work of a colleague. However, the neoliberal apologists for the One Percent are not going to confront themselves with Hudson’s facts. As I do not think that my integrity or Hudson’s is in question, I have no qualms about introducing you to this major work.
Buy the book. Read and study the book. Learn to rise far above corrupt neoliberal economics.










Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts' latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the WestHow America Was Lost, and The Neoconservative Threat to World Order.

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What part will your country play in World War III?

By Larry Romanoff, May 27, 2021

The true origins of the two World Wars have been deleted from all our history books and replaced with mythology. Neither War was started (or desired) by Germany, but both at the instigation of a group of European Zionist Jews with the stated intent of the total destruction of Germany. The documentation is overwhelming and the evidence undeniable. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)

READ MORE

 https://www.moonofshanghai.com/2021/05/larry-romanoff-what-part-will-your.html

Discurso do Presidente da Rússia, Vladimir Putin, na manhã do dia 24 de Fevereiro de 2022

Discurso do Presidente da Rússia, Vladimir Putin, Tradução em português




Presidente da Rússia, Vladimir Putin: Cidadãos da Rússia, Amigos,

Considero ser necessário falar hoje, de novo, sobre os trágicos acontecimentos em Donbass e sobre os aspectos mais importantes de garantir a segurança da Rússia.

Começarei com o que disse no meu discurso de 21 de Fevereiro de 2022. Falei sobre as nossas maiores responsabilidades e preocupações e sobre as ameaças fundamentais que os irresponsáveis políticos ocidentais criaram à Rússia de forma continuada, com rudeza e sem cerimónias, de ano para ano. Refiro-me à expansão da NATO para Leste, que está a aproximar cada vez mais as suas infraestruturas militares da fronteira russa.

É um facto que, durante os últimos 30 anos, temos tentado pacientemente chegar a um acordo com os principais países NATO, relativamente aos princípios de uma segurança igual e indivisível, na Europa. Em resposta às nossas propostas, enfrentámos invariavelmente, ou engano cínico e mentiras, ou tentativas de pressão e de chantagem, enquanto a aliança do Atlântico Norte continuou a expandir-se, apesar dos nossos protestos e preocupações. A sua máquina militar está em movimento e, como disse, aproxima-se da nossa fronteira.

Porque é que isto está a acontecer? De onde veio esta forma insolente de falar que atinge o máximo do seu excepcionalismo, infalibilidade e permissividade? Qual é a explicação para esta atitude de desprezo e desdém pelos nossos interesses e exigências absolutamente legítimas?

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ARRIVING IN CHINA

Ver a imagem de origem


APPEAL TO THE LEADERS OF THE NINE NUCLEAR WEAPONS’ STATES

(China, France, India, Israel, North Korea, Pakistan, Russia, the United Kingdom and the United States)

中文 DEUTSCH ENGLISH FRANÇAIS ITALIAN PORTUGUESE RUSSIAN SPANISH ROMÂNA

Larry Romanoff,

contributing author

to Cynthia McKinney's new COVID-19 anthology

'When China Sneezes'

When China Sneezes: From the Coronavirus Lockdown to the Global Politico-Economic Crisis

LARRY ROMANOFF on CORONAVIRUS

Read more at Moon of Shanghai

World Intellectual Property Day (or Happy Birthday WIPO) - Spruson ...


Moon of Shanghai

J. Bacque

20 questions to Putin

President of Russia Vladimir Putin:

Address to the Nation

Address to the Nation.


The President of Russia delivered the Address to the Federal Assembly. The ceremony took place at the Manezh Central Exhibition Hall.

January 15, 2020

State of the Nation

Joint news conference following a Normandy format summit

https://tributetoapresident.blogspot.com/2019/12/joint-news-conference-following.html

Joint news conference following the Normandy format summit.

índice


“Copyright Zambon Editore”

PORTUGUÊS

GUERRA NUCLEAR: O DIA ANTERIOR

De Hiroshima até hoje: Quem e como nos conduzem à catástrofe

ÍNDICE

me>

TRIBUTE TO A PRESIDENT


NA PRMEIRA PESSOA

Um auto retrato surpreendentemente sincero do Presidente da Rússia, Vladimir Putin

CONTEÚDO

Prefácio

Personagens Principais em 'Na Primeira Pessoa'

Parte Um: O Filho

Parte Dois: O Estudante

Parte Três: O Estudante Universitário

Parte Quatro: O Jovem especialista

Parte Cinco: O Espia

Parte Seis: O Democráta

Parte Sete: O Burocrata

Parte Oito: O Homem de Família

Parte Nove: O Político

Apêndice: A Rússia na Viragem do Milénio


Daniele Ganser

Açores


Subtitled in EN/PT

Click upon the small wheel at the right side of the video and choose your language.


xmas





“Glory to God in the highest,

and on Earth

Peace, Good Will toward men.”

This Christmas, Give Peace