On Cusp of US Election, a Discussion of Potential Outcomes

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On Cusp of US Election, a Discussion of Potential Outcomes

Today's Nima, Wolff, Hudson Chat

Professors Hudson and Wolff have discussed the upcoming US Election on several previous occasions with Nima, while this session specifically focuses on US political dynamics, issues foreign and domestic that are being completely ignored, and what the outcomes might be depending on who is declared the winner. And no, there’s no talk of the election being stolen by on side or the other or what the social response might be depending on who wins. The number of excellent ideas and insights are too many to list. Dr. Wolff carries the show because he has somewhat better insights and is able to articulate them better. Dr. Wolff provides one of the more interesting points that’s revealed at the 19:00 mark of the 80-minute podcast:

The Hegelian Moment of American Politics: Cold War Isolationism of the Other as the initial thesis has matured and become its antithesis: the isolation of the US as it’s now the Other compared with the Global Majority.

Yes, the discussion prior to that declaration is key, so don’t skip it. As with their previous chats about the election, they talk about the issues neither candidate or their party wants to discuss and would prefer to keep buried underneath the Establishment Narrative. But the discussion is also about the world since the Outlaw US Empire is certainly global. The key factor is the Empire’s declining and is thus desperate to halt that decline, which it’s doing at the expense of its vassals in Europe but also in Asia. However, the Empire’s internal nature that’s been present from its beginning is one main factor in its decline—Exceptionalism where all else are Others, even those thinking themselves allies—Kissinger’s axiom applies: It’s better to be an enemy than a friend of America.

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Dialogue Works
Nima Alkhorshid
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Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others. ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate. We also engage in the economic history of the ancient Near East. Michael acts as an economic advisor to governments worldwide including China, Iceland and Latvia on finance and tax law. He gives presentations on various topics at conferences and meetings and can be booked here. Listen to some of his many radio interviews to hear his hyperspeed analysis of the geo-political machinations of global economics. Travel costs and a per diem are appreciated. https://michael-hudson.com/

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. Earlier, he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also a regular lecturer at the Brecht Forum in New York City. (https://www.rdwolff.com/about)


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US Empire’s “China Containment Plan”—At Any Cost?

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Billy Bob

Part One
(A DISCUSSION IN TWO PARTS)



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Washington seems determined to check the rise of China by any means necessary, including a cataclysmic war.


I have a number of predictions that I would like to put on the record and although there is only a small likelihood that things will turn out the way I describe, I think there is educational value in elaborating on the reasons why these predictions could possibly come true.

The most important assumption that influences these predictions is the big-picture geopolitical situation where Western global hegemony perceives itself to be under threat from China’s rapidly growing economic power.  What follows from this assumption is a further assumption that rather than resign itself to an inevitable multi-polar world where China becomes too big and too powerful to ever hope to contain, the US will implement their plan of containment against China, sooner rather than later.

So, what can the US do to contain China?  Is it possible for the US to contain China without causing great harm to the global economy and plunging humanity into a period of tremendous depression and upheaval?  Of course not.  China is the single biggest manufacturing superpower on the planet.  They are the number one trading partner for over 120 countries.  If China is to be contained, the global economy must suffer.

So "sooner rather than later" and "the global economy will necessarily suffer if China is to be contained" are the two assumptions which provide the foundation for the rest of my analysis.

Most people I think intuitively believe that the US would never do anything that would risk a global economic collapse.  But if my above assumptions are correct, and I think they are, the US has no choice but to *initiate* a global economic catastrophe, as this would be the only way that the US could significantly weaken China and remain the global hegemon throughout the rest of the 21st century.

So, these two assumptions bring two primary questions to mind regarding what I perceive to be, the inevitable conflict being pushed by the West. The first question has to do with the timeline of events and the second is, what media narratives will be manufactured in order to facilitate the rollout of this dangerous strategy, to the people of the world?

I think that the Western ruling establishment has coalesced around a strategy to initiate the necessary global economic turmoil by launching an attack on Iran.  Iran will respond to this attack by blocking the Strait of Hormuz and disrupting global energy supplies, 20% of which transit the Strait.  I think the US wants this to happen and will use it as the justification for a large-scale attack on Iran, perhaps involving nuclear weapons.

Obviously, this will be a major historic event that will make the COVID experience seem small in comparison.  It should be noted that the US is in an ideal spot to weather such an event as the US is a net energy exporter.  The US government will be able to shield their domestic economy and the pain will be considerably less in the US than in other places such as Europe and the developing world.  The hope of course is that China will be hit hard due to their dependence on foreign energy.

I think this escalation with Iran could happen very soon and I believe that the ruling establishment consensus would like to have Trump as president to manage this strategy.  Iran has allegedly announced that they will once again attack Israel and that they will do so before the election.  I think that such an action would be of benefit to Trump but either way, I think that Trump will win the election because this is what is desired by the establishment consensus.

I think the establishment has decided on Trump because they can then blame him personally for everything that goes wrong and for all the economic fallout which will necessarily result.  They will use both carrots and sticks to get Trump to protect Israel, and the Zionist entity will seize on the opportunity to engage in even more terrorism, ethnic cleansing, and land theft, in order to expand their borders throughout Gaza, the West Bank, Lebanon, Syria, Jordan, and Egypt.  This will all be sold to the public on the grounds that we are at war with Iran and that Israel is in a fight for its very survival against a genocidal enemy intent on murdering all Israelis and destroying their country.  Again, this narrative offensive will be rolled out with such force that it will make the COVID narrative seem small in comparison.

I believe that Europe and the US will not hesitate to intervene and perhaps even facilitate a nuclear attack on Iran, while threatening the rest of the Arab world with similar destruction if they continue to attack Israel.

If such a war develops between the West and Iran, the global energy market will of course suffer tremendously and most if not all of Israel’s infrastructure will be destroyed.  I believe that Europe and the US will not hesitate to intervene and perhaps even facilitate a nuclear attack on Iran, while threatening the rest of the Arab world with similar destruction if they continue to attack Israel.

Meanwhile, Trump may attempt to bribe Russia to stand down and allow Iran to be destroyed by promising Russia a generous peace with Ukraine, an end to Western sanctions, and a comprehensive peace plan that would be contingent on Russia not siding with China.  If Russia refuses to play ball and continues to side with Iran and China instead of cutting a deal with the West, the West will obviously widen the war against Russia.  We could see literal declarations of war from Western nuclear armed countries and a wholesale mobilization and overt shift to a war economy to prepare for war with Russia and Iran.

Lastly, on the third front with China, the US has been preparing to implement a trade embargo for years.  At any given moment, the US could tell their Taiwan proxy to declare independence which would trigger an immediate Chinese trade embargo against Taiwan.  This is precisely the justification that the West would need to implement their own trade embargo against China.

And let me underscore once again that the US has been preparing for years, to choke off China's most vital maritime shipping lanes:

"They (China's vital shipping lanes) are surrounded by archipelagos of islands that isolate the seas from the Pacific and, therefore, from the rest of the world. The islands of the Philippines and Indonesia create narrow passages into the Pacific and Indian oceans. Java, Borneo and Mindanao are the frame of this system of islands, while the space between them is filled with randomly distributed smaller islands. Compounding China’s problem, the interior of the South China Sea is also filled with small islands.

Any of these islands can house hostile air and missile forces, while the narrow spaces in between can be blocked by naval forces. China doesn’t have guaranteed access to the islands on the periphery of this system. To gain access, it must control a wide passage through the South China Sea, and having done that, force its way through the narrow straits surrounding it. Assuming that the United States would position its carrier battle groups in the east and south of the outer frame, the Chinese would first have to clear the interior of the South China Sea and then fight their way through narrow choke points that the U.S. could make impassable."

https://geopoliticalfutures.com/chinas-maritime-choke-points/

So once the US begins the violent implementation of the long planned trade embargo, the US believes that it is in a much better position to hold out economically than China is.  China's economy would take a terrible beating while the US continued to trade with their allies without threat from China's nonexistent blue water navy.

So, keep in mind, there are three major theaters of operation including West Asia (Israel and Iran), Eastern Europe (Ukraine and Russia), and the South China Sea (Philipines, Taiwan, and China).  The West may choose to activate all theaters simultaneously or they may try and win one at a time culminating with China.  They may pick Trump or Harris as their chosen figurehead or they may remove either one in favor of their VP's if they turn out to be too intransigent or too incompetent.  They may choose to initiate things this week, or they may spend another year or more putting their pieces in place before we see a major push and the rollout of their strategy.

What seems clear though is that Iran, Russia, and China prefer cooperation to confrontation and it is the US alone that is hellbent on provoking confrontation.  I've described how a plausible scenario  could play out but obviously there are multiple variables at play and I could be wrong regarding the fundamental assumptions defined in paragraph four.

I'm absolutely certain though that the West can't win a war against Iran, I am equally certain that Russia would never cut a deal with the West and sell out Iran or China, and there's no chance in hell that an attempted economic embargo against China would ever work to successfully contain China.  China's rise is inevitable.  The window for success against China closed five to ten years ago.  The West is incompetent, hubristic, and incapable of rational behavior.  Putin, Xi, Kim, and the current government of Iran want to engage in win-win trade and peace through mutual prosperity.  They want to avoid war at all costs but they refuse to surrender their sovereignty in the process.

The future is bright for those countries under attack from Western Imperialism.  Western imperialism is in *terminal* decline.  Unfortunately though the West gets to decide how their collapse will play out and how many people are hurt in the process.  It doesn't seem likely that they will make good decisions, in part because the decision makers themselves will not have to suffer from the consequences of their actions.


Part Two of this discussion, please see:

US war against Iran to contain China?

The dialectical march of history from colonialism to the equality of nations

By Charles McKelvey


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Multipolarity, Iran’s coming retaliation, & how these next escalations will impact the class struggle

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Rainear Shea
RAINER'S NEWSLETTER


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Photo by Vahid Salemi of AP


The era of multipolarity has come; there’s no undoing this, that’s simply the historical stage we’ve entered into. And the emergence of this geopolitical age has contributed to a broader trend within the evolution of class struggle: the trend where revolutions have transitioned away from the form they mainly existed in during the Russian revolution, and civil wars have taken on a larger role. Today, civil wars are more likely to start prior to the overthrow of a given state. As policing has grown more technologically advanced, and surveillance has invaded all aspects of life, the most successful rebellion method which subjugated people have recently utilized is a military one. A practice of exploiting the weaknesses within the oppressor’s panoptic spying systems, as Operation Al Aqsa Flood did.  [This is assuming the Hamas attack was indeed a surprise, and not a false flag, with the Netanyahu regime simply allowing it to happen to justify its genocide.—Ed]

Revolts like this one have been happening since the slave uprisings of ancient times, but in today’s era, the tactics from these types of actions are more widely applicable than ever. When the same policing and surveillance tools that the “Israeli” Nazi state uses have been exported across the globe, class struggle needs to evolve accordingly. As the capitalist world becomes “Israelified,” the global proletariat is prompted to fight back in ways which resemble how the Palestinians have fought back. This is the type of confrontation that imperialism’s crises are bringing us towards.

The more our third world war escalates, the more the class struggle is going to include elements of this new paradigm, because the growth in contradictions always reveals things about the class struggle’s nature. For us in the empire’s core to win our class war, we must acclimate to this strategic reality. We need to take example from anti-imperialists like Khamenei, who reject the arguments of those that seek a false “peace” with the imperialist enemy. They know that a future can only be built if they defeat the enemy by any means necessary. This is why Khamenei has called for a retaliation that will truly establish deterrence, repudiating Iran’s U.S.-friendly political faction.

but in the sense that reactionary ultraviolent actors will increasingly bring chaos to our society. The bourgeois state is taking advantage of the poverty it’s engineered, cultivating criminal gangs that act to destabilize our social structure. It’s perpetuating shootings, assaults, and the other anti-social acts that are common in modern America, while creating violent political “counter-gangs” on both the left and the right. After this election, these counter-gangs will be mobilized, creating spectacles of unrest that justify new repressive measures. 

fortify our organizations, the state will subdue us, and fascism will pursue its next destructive schemes without internal opposition. There’s a limit to what imperialism and fascism can do, since Eurasia has become so strong and many countries are under anti-imperialist control; but the forces of reaction maintain the ability to wipe out much of humanity. They’re exterminating hundreds of thousands in Gaza right now, and they’ll expand this extermination campaign into as many places as they can. 

report from last summer by the neocon think tank the Eurasia Group listed these countries as among the geopolitical “swing states,” the players that have potential to come into China’s orbit. After the work that Modi and Lula just did to assist in the hybrid war against BRICS, it’s less likely that Washington will try to overthrow them, because they’ve shown themselves to be valuable assets.

attacked a Turkish defense company at the same moment when Turkey was closest to joining BRICS. This operation was about sending a message: whoever tries to build an economy that’s separate from the United States won’t be allowed to live in peace. This was a threat towards countries like India, one which likely helped push India to betray Turkey.

For now, Washington and its proxies have managed to delay Turkey’s transition away from U.S. dependence, while keeping Venezuela and Pakistan limited in their ability to circumvent Washington’s sanctions. But this is not the end of the story, and the actions Iran will soon take are going to give everyone else more openings to defy the hegemon.

And because the empire has blocked Turkey’s people from accessing the benefits of BRICS, Turkey’s anti-imperialist mass momentum can only grow.

Over 80% of Turks feel that the country is in an economic crisis, and that’s made the government try to make up for its past errors; raided the port where goods to “Israel” were being shipped. In Iran, there’s another mass effort to pressure the government into resisting imperialism. Its focus is not on combating the government as a whole, but on empowering one political element: Khamenei’s faction. It’s only the reformer faction, represented by Iran’s president Pezeshkian, that Iran’s anti-imperialist masses are angry at. The thing which provoked their wrath was when Nasrallah got assassinated, and then much attention came upon Pezeshkian over his stance that Iran shouldn’t retaliate. It was now undeniable that the “peace deal” which Pezeshkian had made with Netanyahu in July—where Netanyahu promised a ceasefire in Lebanon if Iran didn’t retaliate for Haniyah’s assassination—was totally fake.

The way that Russia has beaten the United States is by understanding economics better than its enemy. As Michael Hudson concluded last year, the U.S. ruling class is illiterate about some of the most basic laws of economics. And this has made it unable to manage the Ukraine war’s blowback, like how Russia has.

Iran’s internal power struggle isn’t over yet, though. The imperialists want to assassinate Khamenei next, as is apparent from the kinds of psyops that they’ve been putting forth about Iran. The empire’s propagandists have been codedly calling for Khamenei’s death, and this is a direct reaction to his statement that a major retaliation must come. As was explained last week by Ruslan, the Iranian communist who’s been working to repudiate the reformer faction’s arguments:

Ayatollah Khamenei's speech calling for retaliation has left all the Pezeshkian-Ghalibaf "National Consensus" coalition and foreign-backed Opposition people completely dumb-founded. I'll explain why and what all of this means…Khamenei clearly outlined in his speech that indeed Israel is greatly exaggerating the impact of their attack, but we must not underestimate the Israelis either. He is correct as passing this off & not retaliating allows Israel to cross yet another red line…Some politicians began scrambling and echoing Khamenei's tune, like the Head of the Judiciary, Ejei. However, the entire "National Consensus" Pezeshkian-Ghalibaf alliance began changing his words and presenting them as a call not to retaliate or to retaliate at a later date…

The foreign-backed Opposition and channels like BBC Persian and Iran International are now shocked as well, saying that this must be a sign that Ayatollah Khamenei is suffering from “ill health” and has “lost his mind.” Immediately after the speech, New York Times published an article saying Khamenei is “about to die”, giving his enemies (both implicit & explicit) in Iran an excuse to kill him and get away with it. Aka Westophiles implement a similar action as to what likely happened to Raisi. Opposition channels are even analysing his speech saying “you can hear impending death in Khamenei's voice”. They're essentially calling for his assassination now.


Ruslan’s conclusion was that in order to truly ensure the imperial collaborators lose, Iran must undergo significant socialistic economic reforms. This is partly because such policies would disempower the Pezeshkian-aligned bourgeois actors who’ve been working to undo Iran’s proletarian gains. It’s also because in order to have an economy that could handle a full confrontation with the Zionists and the imperialists, Iran will need to get rid of its economy’s neoliberal aspects. To attain a war economy, Iran must do what Russia has done, and implement major nationalizations. 

For everyone who seeks to defeat the hegemon, this lesson is crucial to internalize, because economics must be considered while waging any war. As our allies abroad bring the imperial state closer to collapse, and our class war gets closer to its most intense phase, we must account for this strategic reality. We must prepare to outmaneuver our adversary in the economic realm, which will also get us in place to build the post-revolution society.

The way that Russia has beaten the United States is by understanding economics better than its enemy. As Michael Hudson concluded last year, the U.S. ruling class is illiterate about some of the most basic laws of economics. And this has made it unable to manage the Ukraine war’s blowback, like how Russia has:

They had never dreamed that Russia would have an alternative or China would have an alternative as to what to do. And that’s because they don’t think of economics in the United States as a system. For them, a market exists without government playing any role at all, without policy playing any role at all…this free enterprise market idea that governments should not play any role at all, any subsidy, and certainly shouldn’t tax, this anti-government idea has put blinders on American foreign policy, so they have no imagination that Russia could do exactly what [Alex] is talking about, that, of course, they’ve done, as any reasonable person would have done, as China has done. That’s the irony of all this.

The outcome is that while Washington’s enemies have continued to grow stronger—and have done so in part because of the sanctions—Washington has come to oversee a country whose collapse is accelerating. Hudson has concluded that as long as the U.S. remains tied into the imperialist system, its only trajectory can be downward:

There is no right thing that the United States can do. It’s in a trap. It’s in what economists call the optimum position. Mathematicians say it’s optimum because whatever you do is going to make things worse. And the United States has painted itself into a corner. And the only way it could get out of the corner would be to be a different kind of a country, a different kind of an economy. For instance, as long as the United States has the enormous military spending throughout the rest of the world, that’s going to be pumping dollars into the world economy. And if other countries do not relend this money to the United States Treasury or the US economy, then the dollar is going to go down and down. The United States can’t really compete given the way in which it’s structured, its medical care and its housing and its finance.

As I’ve written about in the past, the imperial state has great hubris when it comes to the military aspect of its warfare, and this overconfidence could be its undoing. The strategists behind the domestic counterinsurgency have created their plans based on how they’ve waged wars abroad, meaning they’ll repeat their past mistakes: underestimating the local population, not anticipating the blowback from their aggressions, embarking on grand impractical schemes. The war with Russia has revealed another kind of self-defeating arrogance among these actors: the belief that no system could ever be more effective than the “free market” monopolist order. 

Will Iran take the same path that Russia has, and commit to a resistance war while sidelining the neoliberal elements? It’s looking more likely each day, but we can’t be complacent. We must help ensure the anti-imperialist camp’s victory, and work to ruin our own government’s plans for war. We must increase our mobilizations against the imperial project, while building cadres and networks which have the material basis for winning. These are the strategic lessons to take from Khamenei’s recent struggles: reject the notions of peace through appeasement, and account for the economic question. If we let these ideas guide our next actions, we’ll be able to take advantage of the opportunities before us.

If you appreciate my work, I hope you become a one-time or regular donor to my Patreon account. Like most of us, I’m feeling the economic pressures amid late-stage capitalism, and I need money to keep fighting for a new system that works for all of us. Go to my Patreon here
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When an Immoral Nation Votes, Don’t Expect Change

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John Varoli
"A Vaccine Against the Pandemic of Lies"


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  • Now the fight against anti-semitism is being weaponised as a new sanctimonious McCarthyism.
  • Unless opposed, neither justice nor our Constitutional right to Free Speech will survive this assault.


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Support for Jill Stein Triggers Democrats Meltdown! w/ Kshama Sawant

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The Jimmy Dore Show


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  • Now the fight against anti-semitism is being weaponised as a new sanctimonious McCarthyism.
  • Unless opposed, neither justice nor our Constitutional right to Free Speech will survive this assault.


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