image: Source & zengardner.comSwiss Gold Referendum: What It Really Means
– Ferguson incident leads to Shudra revolution
The article written by Mr. Paul Craig Roberts gives a brief explanation of what Abenomics is all about. In other words, the money printed by central banks is flown into the financial market and it raises stock prices. Ordinary people possess no stocks, while the rich invest their money and their assets naturally increase. On the other hand, a drop in income from interest on deposit, a rise in prices due to inflation imposes a burden of tax hike to common people in invisible form. Furthermore, in Japan, consumption tax hike deals average people a double punch, while big companies automatically improve business performance without any management effort thanks to refund tax.
If this brings about growth in Japan’s economy, it would be a miracle. It would never happen and we see a decrease in disposable income of ordinary people, a decrease in domestic demand and the worst situation of a decrease in GDP. Under such conditions, a general election campaign to test whether to continue Abenomics or not will start from tomorrow. I’m afraid people will be deceived again.
In the U.S., the situation is worse than in Japan and it shows as if class conflict were developed. According to the second article, the riot in Ferguson is likely to lead to a communist revolution. I think this is not a communist revolution but rather a Shudra revolution which is consistent with the theory claimed by Sarkar. Kushatria (warriors), with the support of Shudra (ordinary people), will give a hard blow to Vaish (merchants) who have insatiable desire. It turns out that the time is coming.
December 1, 2014
Excerpt from a Japanese article: Overseasnews never reported in mass media – December 1, 2014 –
Swiss Gold Referendum: What It Really Means
Posted On November 24, 2014
Paul Craig Roberts
In a few days the Swiss people will go to the polls to decide whether the Swiss central bank is to be required to hold 20% of its reserves in the form of gold. Polls show that the gold requirement is favored by the less well off and opposed by wealthy Swiss
The view in Switzerland is that a gold backed Swiss franc would be more valuable, and a more valuable franc would increase the purchasing power of wage earners, thus reducing their living costs. For the wealthy stock owners, a stronger franc would reduce Swiss exports, and less exports would reduce stock prices and the wealth of the wealthy.
The vote is clearly a vote about income shares between the rich and the poor. The Swiss establishment opposes the gold-backed franc, as does Washington.
A few years ago the Swiss government, after experiencing a strong rise in the exchange value of the Swiss franc as a result of dollar and euro inflows seeking safety in the Swiss franc, decided to expand the Swiss money supply in line with the foreign currency inflows in order to stop the rise of the franc. The liquidity supplied by the central bank creating new francs has stopped the rise of the franc and supports exports and stock prices. As a vote in favor of a gold backed franc is not in the interest of the elite, it is unclear that the vote will be honest.
What does this tell us about the Federal Reserve’s policy of Quantitative Easing, which is an euphemism for printing an enormous amount of new dollars?
The real purpose of QE is to drive up the wealth and income of the one percent by providing the liquidity that flows into financial asset prices such as stocks and bonds.
Since the 2008 US recession, skeptics of the Fed’s explanation of QE as support for the US economy have stressed instead that the purpose of US economic policy has been to support the federal deficit at low interest rate costs and to support the balance sheets of the troubled banks by pushing up the prices of debt-related derivatives on the banks balance sheets.
These have been important purposes, but it now appears that the main purpose has been to make the rich richer. As the economic policy of the US is entirely in the hands of the rich, it is not surprising that the rich use it to enrich themselves at the expense of everyone else. The Fed’s monetary policy that enriches the rich by driving up the prices of stocks and bonds also has robbed retirees of hundreds of billions of dollars, perhaps trillions, in lost interest income on their savings.
According to the latest news reports, Mario Draghi, the head of the European Central Bank will print all the money necessary to support financial asset prices. Of course, the real purpose is to drive up stock prices.
Like the Fed, the ECB pretends that the money it prints flows into the economy. But given the poor condition of the banks and potential borrowers, loan volume is low. Instead the money created by central banks flows into paper financial asset prices.
The rich are far from finished with their pillage. In exchange for campaign donations, state governors are turning over state pension funds to the management of high-fee, high-risk private pension fund managers who do a better job of maximizing their fee income than protecting the nest eggs of retirees.
Throughout the Western world economic policy is run for the sole benefit of the one percent and at the cost of everyone else. The greed and stupidity of the rich are creating ideal conditions for violent revolution. Karl Marx might yet triumph.
Excerpt from a Japanese article: Trendof Japan, World and Universe – December 1, 2014 –
Riot in Ferguson fomented by communism forces
(Summary) Dated November 30
The far left is rising in America, and radical communists are being drawn to Ferguson protests all over the nation like moths to a flame. So could Ferguson be the spark that sets off a communist revolution in America?
In fact, communists and other far left groups only make up a minority of the protesters.
Sadly, they are finding a receptive audience – especially among young people in our poor and disadvantaged communities. Even though Republicans did very well in the last election, survey after survey has shown that our young adults continue to move to the left. For example, one survey taken a few years ago found that 49 percent of all Americans in the 18 to 29-year-old age range have a positive reaction to the word “socialism”. The same forces that fueled Occupy Wall Street are now finding fertile ground in these new protests. So what does all of this mean for the future of our nation?
Ferguson could be the start of a communist revolution in America.
So watch carefully what is going on in Ferguson right now. The fire of revolution is burning on the streets of Ferguson today, but a few years from now major cities all over the nation may be ablaze.
English translation of the excerpt from the Japanese version of The Voice of Russia – November 30, 2014 –
Signal from Ferguson or Just Tip of Iceberg of Democracy
The incident which caused the “Ferguson crisis” is just the tip of the iceberg. This is a signal related to the overall fray of systematic problem accumulated in the U.S. society. They managed to stabilize the situation in Ferguson near Saint Louis, Missouri with the help of the national guard. However, how long will it last?
The crisis in the U.S. was ripe a long time ago. Relatively small incidents (compared to the national scale) have promoted the process which is slowly proceeding in the society. Apparently, the racial problem is pressing. Russian Foreign Ministry Spokesman Lukashevich stated that this proved that the U.S., as if they brought about peace and democracy to the whole world, failed to deal with its national problem and said as follows:
Those who tried to express their status as citizens were mercilessly attacked by the police. Explosion of such massive anger of the people and unbalanced response of the security organ prove once again that this is not an individual problem but problem related to systematic defect of the U.S. democracy.”
The U.S. president had to admit that this was the problem related to not simply Ferguson but the whole country. President Obama, however, expressed his view that in this incident, mistrust in the power of legal order constituted a serious threat for the civil society in the U.S. Probably, the government tries to suppress the riot against the system. The police guard with tear gas and rubber bullets have already been dispatched to fight against citizens. However, New Russian International Research Center Director Alexey Martinov expressed his view that it would not avoid actual problems or risks the U.S. government apparently despises. He says as follows:
“The U.S. system is created so that like in this incident, government cannot find any ways other than merciless suppression of such protests in domestic situation. Therefore, this is likely to cause a very serious systematic crisis of domestic affairs, which will lead to earlier resignation of President Obama.”
In spite of arrest of many people as well as use of rubber bullet, protests have not been put to an end. This time, probably the government won’t be able to easily “drive away” American people who are frustrated with it. The U.S. has not only the problem with its own people but also the problem related to the relations with the whole world.