anne he you de hogue he haut a. ,, when chat group on discord they start soon after th invasion of ukraine in 2022, reaction to the new wrinkl from democratic ranking of the house armed services committee adam smith, later for this hou for you. new today, and had some theory alvin bragg, now resolving a dispute of house republicans agreeing to have forme prosecutor, mark pomerantz deposed next months as part of a trump investigation. that and - coming after federal dru declined to block the intervie in an appeals court deleted. plus, the reaction today a president biden prepares t make his 2024, that s a lot of twenties, reelection bid election next week kamala jayapal told msnbc wh she supports the president campaign i do think he deserve reelection, i ve been public about this, even though he wasn t my first choice in th last election in the primary, have been, really amazed at ho much this president has gotten done we are doing so many thing that i didn t think,
us your perspective, your sens of what can trigger a civi breakdown, as it was jus discussed. richard, i think th scenario is not insignificant. what you really have to do is, you have to move past th cobwebs a political talkin points, and you go to th actual underlying data one of the data sets i trust most, when it comes to thi issue, is called the political stress index jack goldstone developed this, but he originally develope this model for the cia, to hel anticipate where we were going to see foreign conflicts i countries overseas economic and social an political factors, and right now, the political stress inde it is at its highest level since the american civil war when i go back and look at tha underlying data, it s not in good environment, but don take my word for it. if you just go look at the polls, for instance, right now two thirds of southern republicans say they want thei state to succeed from th
today was talking about the polarization index, the political stress index. how it is similar to the civil war. when you will see in this midterm is some way to 2018, 2020, the third election cycle in a row that was a deviating election. we don t really have a good point past comparisons to look at. in the case of this particular election, i think we really are gearing up to look at something very simple for the presidential term. if we had 53 and 18 and we are over performing on a lot of those turnout metrics as of today, as cornell was just talking about. i don t think it is unreasonable to assume we are going to match 2018 turnout and maybe go somewhere in between what was ultimately the highest presidential turnout we have had in decades. in the two minutes we have left, we have to talk about two political powerhouses. one is hitting the campaign trail this weekend, the other is hitting later in the week.
What’s changed and what hasn’t in the past year? What hasn’t changed is easy:
1. Wealth / income inequality is still increasing. (see chart #1 below)
2. Wages / labor’s share of the economy is still plummeting as financial speculation’s share has soared. (see chart #2 below)
What’s changed is also obvious:
1. Money velocity has cratered. (see chart #3 below)
2. Federal borrowing / spending has skyrocketed, pushing federal debt to unprecedented levels. (see chart #4 below)
3. Speculation has reached the society-wide mania level. This is evidenced by record margin debt levels, record levels of financial assets compared to GDP and many other indicators. (see chart #5 below)
Absolutely right again, John.
There is little doubt in my mind that ‘as the ship goes under’ [as a consequence of the truly awful economic and social polices imposed on the masses by the looters-and-polluters club over several decades] we will see enormous pressure from the looters-and polluters club to prevent redistribution of the wealth they purloined. Effectively, handing out firearms to the crew of the sinking Titanic and telling the crew to use them on the third-class passengers if the third-class passengers attempt to break out of the lower decks (as actually happened .
The phenomenon of wealth accumulation by sociopaths at the expense of everyone else and their determination to hold on to their ill=gotten gains is worldwide, and is a recipe for both revolution and collapse of current ways of living (which need to collapse anyway, and will do so, whatever the ‘elites’ attempt to do to stop it, because the industrial-financial system is self-defeating).