Hopefully more people will realize that bourgeois democracy is working as intended, and that it cannot be reformed; it must be replaced.
VOA is yet another USAGM outlet.
For anyone unfamiliar with this malarkey: Reconciliation (United States Congress)
Budget reconciliation is a special parliamentary procedure of the United States Congress set up to expedite the passage of certain federal budget legislation in the Senate. The procedure overrides the Senate's filibuster rules, which may otherwise require a 60-vote supermajority for passage. Bills described as reconciliation bills can pass the Senate by a simple majority of 51 votes or 50 votes plus the vice president's as the tie-breaker. The reconciliation procedure also applies to the House of Representatives, but it has minor significance there, as the rules of the House of Representatives do not have a de facto supermajority requirement.
The Senate filibuster rules aren’t formal law. They’re rules the Senate imposed on itself over the last hundred years, and it can remove them just as easily. Both parties want these supermajority rules because they don’t want to pass bills that aren’t bipartisan.
So Democrats would have to get 60 seats who never vote against their own party. But it doesn’t ever work that way because there are always some rotating villians in those seats. If necessary, they’ll use other dirty tricks, for instance the Parliamentarian, who blocked a minimum wage increase in 2021. Congress is Kayfabe.
If I cared enough to do the work, I might use a basket of currencies, like special drawing rights.
As of August 2023, the XDR basket consists of the following five currencies: U.S. Dollar 43.38%, Euro 29.31%, Chinese Yuan 12.28%, Japanese Yen 7.59%, British pound sterling 7.44%
It would take a little extra math to exclude the USD allocation from the basket.
I knew where this was going: 1 April 2013
The writer is director of economic policy studies at the American Enterprise Institute
If I understand correctly, he’s saying that:
On top of that, a massive wave of bankruptcies could cause a second bad-debt crisis on top of the one that’s already happening from real estate.
This is a centrally planned, intentionally created, managed collapse that leaves the capitalist class to take the financial hit instead of the working class. It’s the complete opposite of what happened to us in 2008. Previously. Previously.
There are also microeconomic dangers from overcompetition.
So he thinks that actually-enforced anti-trust laws with real teeth are also bad.
This is what is really meant by “autocracy” by our governments, think tanks, and corporate media: autocracy against the capitalist class. A dictatorship of the proletariat.
Three red lines was introduced in Aug. 2020. The collapse started in Sept. 2021. It was a centrally planned, managed collapse, with the intent of making the capitalists take the hit instead of the working class. It was very unlike the 2008 one in the US, where no orthodox economist saw it coming, and the government was caught with its pants down, and it ratfucked working class homeowners to save the private banks, who had written bad mortgages that they knew couldn’t be paid.
I enjoyed A Podcast Of Unnecessary Detail. They stopped producing new episodes, though.