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Episode 12: JFK's Vietnam Withdrawal Plan

🕑 Added 2022-01-09 15:58:16 +0000 UTC
Episode 12: JFK's Vietnam Withdrawal Plan

Comments

Aaron Good

I agree by and large, but this is something too deep to hash out here. Please put something like this in the next set of questions for the October Zoom Update. :)

Caterina Strambio De Castillia

Historical materialism is very much in line with what happened with JFK and his assassination by forces whose class interest was going to be negatively impacted by JFK putting a wrench in the Cold War and the military/security/academia/media industrial complex. JFK assassination was used as an instrument of the class war conducted by people in power against the citizens of this world.

Caterina Strambio De Castillia

What historical materialism predicates is that human being very much make history, but they make history in the context of a system and circumstances that are not of their own choosing. "Men make their own history, but they do not make it as they please; they do not make it under self-selected circumstances, but under circumstances existing already, given and transmitted from the past. ...". This is very different from STRUCTURALISM.

Caterina Strambio De Castillia

Wait, wait, wait: Chomsky is NOT, and I repeat, NOT a Marxist. He is very much critical of Marxism and the Soviet Union. He is a structuralist NOT an historical materialist. MARX's historical materialism does not predicate that individual figures in history do not have any impact. That would be obtuse, and whatever you might say about Marx, you definitely cannot say he was stupid.

Aaron Good

And in a broader sense, Yanis V and Peter Gowan...

John McElroy

Dr Mark Blyth and Yves Smith too

Aaron Good

In general, I think Michael Hudson is the best guy on all this stuff...

paul hamed

That is an interesting site the 21st Century Glass Stegall act by Warren, McCain, Cantwell and King, looked very good.

paul hamed

Though I wonder if the FED is helping repay these loans by purchasing assets. It looks like it owns approx 9 trillion of US assets. https://fred.stlouisfed.org/series/WSHOSHO

paul hamed

Interesting. The paper says 4.5 trillion cumulative, but if you look at the outstanding (https://www.newyorkfed.org/markets/desk-operations/repo) it is currently a lot lower which suggests that those loans have been repayed.

Aaron Good

Yes, but it's really the Fed pumping massive amounts of credit into the private banks... There are some good articles on this at this site: https://wallstreetonparade.com/2022/01/these-charts-are-the-smoking-guns-in-the-feds-2019-2020-emergency-repo-loan-bailouts/

paul hamed

I see, that's similar to the "Socialism for rich, Capitalism for poor" critique I see from Kyle Kulinski, for example. I think I have seen that Mr Galbraith is supportive of MMT and that would make some sense. QE was often implemented by "center left" governments though I guess they could easily be defined as conservative. Not sure that explains the causes of GFC, but thats a mega discussion. Have you seen you seen house price indexes in key US cities? It's risen dramatically, looking very like pre-2008, so expect the Central Banks to consume even more of the economy in the future.


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