RON UNZ—A sort of frenzied blood-lust and megalomania seems rampant across Israeli society, with the leaders seemingly unaware of just how bizarre they may appear to most of the rest of the world. Not long after the Hamas attack, a top Israeli political figure interviewed on KremlinTV had denounced Russia for being insufficiently pro-Israel in the current conflict and therefore outrageously threatened the country possessing the world’s largest nuclear arsenal. The Israeli government and organized Jewry have often stoked this sort of paranoia, with Israel’s national broadcaster releasing a propaganda video showing sweet young Israeli children singing a song calling for the total annihilation of Gaza and all of its inhabitants.
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BILLY BOB—”Let’s work really really hard and heavily invest in the effort to unnecessarily complicate reality through layers and layers of illusion, distraction, dishonest obfuscation, and confusing messaging, while we simultaneously work to promote anti-intellectualism and ignorance among the people.
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ROGER BOYD—Another issue that causes serious problems for free trade theory is that there are now numerous corporations that are much larger than the majority of nations in economic wealth, and the deregulation of finance allows them to easily move capital across borders. This gives them the power to force further deregulation and other beneficial policy changes in a “race to the bottom” as one country competes with another for their promised investments.
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RAMIN MAZAHERI—What an objective view reveals is this: Revolutionary France saw not just one but seven “Coalition Wars” to restore monarchy, privilege, feudalism, torture, inequality, racism and the oppression of an aristocratic elite. From 1792-1815 Europe’s elite refused to make peace with the socio-political advances of the French Revolution, which the French people democratically chose again and again and again. England was the only nation which participated in every war, and it repeatedly paid off other nations to join them.
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MICHAEL HUDSON—Well, for many years I was at the center of the university that promoted modern monetary theory, the University of Missouri at Kansas City. And that was created with a contribution by Warren Mosler to bring the faculty there. So yes, I’m one of the original modern monetary theory faculty people….And the theory is that it’s not really a theory – it’s the description of how banking really works. And I guess the leaders outside of academia are Dick Cheney and Donald Trump. They said that deficits don’t matter, we can simply do what banks do. Just like when you go into a bank and you take out a loan, the bank doesn’t have to have any money in it. It will write you a loan and it will deposit money in your account. And so, the bank asset goes up by your deposit and your asset goes up by the deposit. The bank has a credit to you, the loan IOU that you signed at interest. And the debt, what it’s had to borrow the money from the Federal Reserve, or something. Banks create their own credit money…Governments can do the same thing. The government can print whatever it wants. In fact, every time there’s a war, like World War I, all the observers thought that World War I was going to end in six months because governments would run out of money. Well, they didn’t run out of money, they printed the money. Just like America printed greenbacks in the Civil War. And the people don’t have to borrow money at all.
