Tag Archives | dollar

People as Livestock: The Cult of Fundamentalist Materialism and the Cheapening Life

Moyan Brenn (CC BY-ND 2.0)

Moyan Brenn (CC BY-ND 2.0)

Dan Mage, writing at OpEdNews, from 2011:

I first encountered the term “Fundamentalist-Materialism” in the work of Robert Anton Wilson; it appears in several of his non-fiction works, including “The Cosmic Triggger” series. As far as I know R.A.W. was the originator of this philosophical designation.”

 Is there any inherent value to an individual human life? 

Authoritarians of the left, libertarians of the right, objectivists, conservatives and even liberals and progressives fixated on “jobs” and “rehabilitation” of the socioeconomically dysfunctional give the answer “no; ” sometimes directly (as in the case of the Stalinist and the American conservative) and other times through actions, policies, and preferences (as in the case of elements of the “occupation” movement distancing themselves from “homeless bums,” “drug users,” and “ex-cons”).

Most of all, those with the power to set wages, prices, working conditions and societal expectation for those who have nothing left but their time and “docile bodies”*(Foucault) to sell, control and trade in human lives as commodities.

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Occupy George: Fix Your Money

Occupy George is a (presumably illegal) attempt to convey the reality of wealth distribution in the United States to the public by adding pertinent information to paper currency and circulating it as needed. Now your money will have informational as well as purchase value. Download their templates or order the custom stamps, and you can begin minting your own Occupy George bills at home:

Money talks, but not loud enough for the 99%. By circulating dollar bills stamped with fact-based infographics, Occupy George informs the public of America’s daunting economic disparity one bill at a time.

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China And Russia Quit The American Dollar

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Photo: Ria Novosti

Via The China Daily:

St. Petersburg, Russia – China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

“About trade settlement, we have decided to use our own currencies,” Putin said at a joint news conference with Wen in St. Petersburg.

The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.

[Continues at The China Daily]

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Requiem For The Dollar: Mourning The Gold Standard

Here’s a very insightful essay by James Grant, editor of Grant’s Interest Rate Observer. He’s a famous financial curmudgeon … but on this issue I think he’s 100% right, writing in the Wall Street Journal:

Ben S. Bernanke doesn’t know how lucky he is. Tongue-lashings from Bernie Sanders, the populist senator from Vermont, are one thing. The hangman’s noose is another. Section 19 of this country’s founding monetary legislation, the Coinage Act of 1792, prescribed the death penalty for any official who fraudulently debased the people’s money. Was the massive printing of dollar bills to lift Wall Street (and the rest of us, too) off the rocks last year a kind of fraud? If the U.S. Senate so determines, it may send Mr. Bernanke back home to Princeton. But not even Ron Paul, the Texas Republican sponsor of a bill to subject the Fed to periodic congressional audits, is calling for the Federal Reserve chairman’s head.

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