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Neoliberalism Exposed

Neoliberalism Exposed

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Published by Timothy

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Published by: Timothy on Mar 03, 2014
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07/16/2014

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Neoliberalism Exposed
Neoliberalism is one of the biggest threats in the world today. It is a nefarious economic system that divides nations, influences wars, and grows economic inequality. In order to fully understand neoliberalism, a definition of Neoliberalism must be shown.
Neoliberalism is a modern political and economic philosophy that believes in massive deregulation, privatization, tax cuts (especially for the super wealthy), excessive free markets, free trade, globalization, and other reactionary actions in the world
. Neoliberal economic policies have harmed nations in Russia, Argentina, the Eurozone, South Africa, the UK, and of course America. Neoliberalism contributed to the economic recession in the 21
st
 century.
It is a shame that corporate interests want to use imperialism for the sake of advancing free enterprise and they curse anyone who advocate just the general welfare (or advance social justice) to be advanced for the poor and the oppressed in the world. Some folks ignore how the poor catch inexcusable suffering day in and day out.
The Federal Reserve being exposed for its corruption and nefarious policies are a great thing to do. The Bank of Israel's Governor Stanley Fisher is nominated as the Federal Reserve Vice Chairman. It is obvious when you have select central banks controlling an inordinate influence in the world, then that is wrong and problems will occur.
When the governments of countries in the world are dependent for money on the bankers, then the government leaders can never totally handle the affairs of their own nations.
 Many financiers in real life have no loyalty to patriotism or decency. The Federal Reserve just commemorated 100 years of financial terrorism. In mid-December, President Barack Obama nominated Stanley Fischer as the Federal Reserve vice chairman. If she will be confirmed, he will replace Janet Yellen. Yellen will soon be the first woman to be the Chair of the Federal Board of Governors. She will replace Ben Bernanke. She will become the Fed Chairman in the end of January. From January 2005 through June 30, 2013, Fischer was Bank of Israel governor. He holds dual US/Israeli citizenship. He was involved earlier with the Bank of Israel. In 1980, he was a visiting scholar. In 1985, he was Reagan administration advisor to Israel’s economic stabilization program. During that time, neoliberalism just grew. Knesset members amended the Bank of Israel Law. It prohibited it form printing money for industrialization, full employment, and immigrant absorption. Israel embraced transformative change for the worst. Power began shifting from various government agencies to the Finance Ministry and Bank of Israel. It’s similar to how America was financially dealt with. In 1985, Israeli policy included budget deficits reduced to near balance. Inflation was dampened the wrong way. Wages, public pensions, and other social benefits were cut. The shekel was debased. Unions lost power and workers were exploited. The Arrangements Law established an emergency Economic Stabilization Plan. Doing so sidestepped normal legislative procedures. Knesset members were prevented from
 
debating its socially destructive provisions.
A race to the bottom followed. It continued throughout the 1990s. It did so under Fisher. It does so today. In Israel and America we have mass privatizations. We have welfare and social benefits cuts. There is wealth disproportionately shifted from ordinary Israelis to corporate interests and super rich elites as well as other so-called structural adjustments
. Fischer studied in England and America. He was an University of Chicago associate professor. He became an U.S. citizen in 1976. He worked in the IMF before.
He was in the Group of Thirty by late 2001
. We see neoliberalism as part of much of U.S. economy policy. Israel today gets billions of dollars in annual aid, the latest weapons and technology, unrestricted US market access, benefits afforded no other nations, and much more. It does so in violation of the 1961 US Foreign Assistance Act. He supports regime change in Syria. He worked to arrange the 2008 bailout of Citigroup. QE reduced the money supply. It did so “by sucking up the collateral needed by the shadow banking system to create credit,” said Ellen Brown. It’s an “asset swap.” Assets for cash reserves “never leave bank balance sheets,” she said. Doing so is counterproductive. It’s self-defeating. It constrains economic growth. It doesn’t create jobs. It benefits Wall Street. It does it at the expense of Main Street. When you have money used wisely in the economy, then growth can come.
The QE policy benefits the banks not the workers or most Americans struggling at all. We need true economic populism without neoliberalism.
Economic Inequality
Economic inequality is a serious problem and it has been growing for decades. These are the following facts of the evils of economic inequality (according to a new Study from Oxfam):
 
*The world's 85 richest people own as much as the poorest 50 percent of humanity. * 70 percent of the world's people live in a country where income inequality has increased in the past three decades. * In the U.S., where the gap between rich and poor has grown at a faster rate than any other developed country, the top 1 percent captured 95 percent of post recession growth (since 2009), while 90 percent of Americans became poorer.
 
 The cutting of unemployment benefits from 1.3 million Americans is part of the larger symptom of how neoliberal economic policies don't work at all to help the economy. Cutting those benefits does nothing to solve our economic issues. It can grow problems instead of solving them. The unemployment benefits don't make up a major part of federal spending since it would be only 25 billion dollars in 2014 or less than 1 percent of all U.S. federal spending. So, we should handle short term issues of allowing the benefits to continue. Also, we should deal with the long term issue of poverty, unemployment, the Federal Reserve, and other issues. The policy of cutting the benefits is hypocrisy, because while the Congress refuses to extend quaint unemployment benefits, they will authorize nearly $633 billion in military spending for 2014, money that will go toward funding the war in Afghanistan, overwhelmingly opposed by the American people, and Washington’s preparations for even more bloody military interventions. Military fraud, waste, and abuse are harming the economy in America. Ending imperialism can allow us to gain resources necessary to fund American society. We should deal with public and private debt in a rational fashion too. Also, the federal government has used cuts in the SNAP program or the Supplemental Nutrition Assistance Program. It will be 11 billion cuts over 3 years. Democrats and Republicans are currently negotiating the terms of further cuts in the food stamp program. Just days after Congress passed the budget allowing long-term jobless benefits to expire; the Federal Reserve announced it would continue to keep its benchmark interest rate at near-zero at least into 2015. At the same time, it pledged to continue pumping tens of billions of dollars into the financial markets every month, although at a somewhat reduced level, for months to come. There is the continuing of the redistribution of wealth from the poor to the super rich. Austerity threatens to cut resources from public education, Medicare care for seniors and the poor, pensions, restraints on child labor, health and safety rules, environmental regulations, workers' compensation, public museums, and libraries. Even more evidence see that the ACA will boost profits of insurance companies and corporations while some will have their care manipulated in a wild direction.
Human beings have the right to secure their jobs, education, Medicare, pensions, housing, access to culture, etc. My views on economics are the same as Malcolm X, Dr. Martin Luther King, Fred Hampton, Fannie Lou Hamer, and other Brothers and Sisters with amazing intellectual insight and excellent intelligence
. The policies of the Federal Reserve benefit oligarchy and not most of the American people at all (with their fractional banking system controlled by select central banks. The FED has been exposed by folks from across the political spectrum. Bill Still has great research on this issue). We know the criminal actions of Wall Street and some big banks hiding trillions of dollars. We should fight for self-sufficiency, allowing the people to form independent banking systems, and to create unique ways to invest in our infrastructure.

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