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Expat Files – 02.09.18

Descriptions- EXPAT FILES SHOW #732- FRI, FEB 09- (02-09-2018):  #1- What happens when Gringos and Expats come up against Latin superstitions? When faced with  firmly held Latin superstitions, its best to just watch, shut up and play along. Don’t argue or try using logic. Sure you’ll win the intellectual battle but in the end lose the war. Brains do not stump superstition. …

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Richard D. Wolff – Capitalism – Not China – Is to Blame for the Current Global Economic Decline

Capitalism, like a speeding train, barreled into a stone wall in 2008. Shocked and dazed, its leaders have been trying to “recover.” By that, they mean to fix the mangled tracks, reposition the locomotive and cars on those tracks and resume forward motion. No basic economic change, in their view, is needed or even considered. They see no absurdity in …

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Dr Gideon Polya – Green Left Pope Francis Demands Climate Action “Without Delay” To Prevent Climate “Catastrophe”

In stark contrast to the terracidal One Percenters, Pope Francis recognizes a looming climate catastrophe and millions of premature deaths from carbon burning pollutants, demands massive decarbonisation and conversion to renewables starting without delay in the  next few years, rejects Carbon Trading as a dishonest ploy, advocates a fully borne Carbon Price (Carbon Tax) on polluters, proposes boycotts of polluters, …

The Federal Reserve Board, Jobs and the Rewriting of Economic History By Dean Baker

As most people know, economists are good at rewriting history. We have seen this in the last few years as the collapse of the housing bubble and the ensuing downturn has been turned into one of those unavoidable tragedies that could not have been prevented. After all, no one could have imagined that house prices wouldn’t keep going up forever …

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How Corporations Dump Their Toxic Sludge in Areas Filled With Poor People By Erik Loomis

The following is an excerpt from Out of Sight: The Long and Disturbing Story of Corporations Outsourcing Catastrophe [3]by Erik Loomis (The New Press, [4] 2015): The new environmental laws of the 1970s proved immediately effective. Between 1972 and 1978, presence of sulfur dioxide in the environment fell 17 percent, carbon monoxide by 35 percent, and lead by 26 percent.15 Americans lauded a future …

QuantatiativeEasingHowDoesItWorkExpalined

The voodoo economics of Europe’s quantitative easing policy

In Europe, failure is no longer an option. If banks are in danger of collapse, in come the bailout loans. If countries have trouble financing themselves, the European Central Bank will buy their sovereign bonds. When inflation falls and growth stalls, there is a cure for that too – quantitative easing. QE, as it’s called, was officially announced in January …