Thursday, August 4, 2022

WHICH PROTECTS THE BIDEN CRIME FAMILY MORE? THE F.B.I. OR BIDEN CRONY MARK ZUCKERBERG? - Hauser also didn’t like the prevalence of Big Law talent on the Department of Justice team, which signaled to him that the Biden administration could go soft on corporate malefactors. Alexander Nazaryan

 

Josh Hawley: FBI colluded with Big Tech to bury Hunter Biden story

https://www.youtube.com/watch?v=pnC0cxOBCfc

VIDEO

Ralph Nader: Biden's First Year Proves He Is Still a "Corporate Socialist" Beholden to Big Business

https://www.youtube.com/watch?v=2jTIUtjkDss&t=28s

 

Hauser also didn’t like the prevalence of Big Law talent on the Department of Justice team, which signaled to him that the Biden administration could go soft on corporate malefactors. Alexander Nazaryan


The Biden family's corruption 'spans the globe': Schweizer



Biden, the frontrunner among 2020 Democrats, often touts his middle-class bonafides on the campaign trail. Although Biden did not become a multi-millionaire until he left the White House in 2017, the same cannot be said of his family. In fact, several members of the Biden clan became immensely wealthy over the span of the former vice president’s 40-year political career. HARIS ALIC

Watters: The Five (CRIME) Families of the Democrat Party

https://www.youtube.com/watch?v=BBpvvHethg0 

HOW MANY ARE LAWYERS???

Schweizer: ‘It’s Going to Be Business as Usual’ for Hunter’s Dealings

https://www.breitbart.com/clips/2021/01/20/schweizer-its-going-to-be-business-as-usual-for-hunters-dealings/


Joe Biden, the corrupt, unaccomplished 47-year career politician, with a reputation of having been a proud segregationist, an unabashed plagiarist and liar, a resolute tale-teller, and a serial flip-flopper, is pretending to head up a radical social-democratic ticket for President of the United States that includes as his running mate the ambitious, disagreeable junior senator from California: Kamala Harris. 


What's behind the Biden family's 'opulent' lifestyle?

 

https://www.youtube.com/watch?v=3OKIvDDNAC8

   

THE BIDEN CRIME FAMILY OF PARASITE LAWYERS IN THE MIDDLE EAST  

JAMES BIDEN RAKES IT IN!

Jesse Watters Primetime 

 

https://www.youtube.com/watch?v=Vt0iMhgtBmI

  

 With no moral code, no center, nothing matters. You just read what’s in the teleprompter and hit the sack by 7:00 while your degenerate son collects piles of cash for the family until you’re free to do it on your own. All you have to do is what you’re told, your handlers and the media will take care of the rest.                                                  DEREK HUNTER

 

WHERE DID ALL OF GAMER LAWYER JOE BIDEN’S BIG BUCKS COME FROM?

video

Where did Biden's millions come from?

 https://www.youtube.com/watch?v=ZlS88MKI-DA

There it is.  That's the issue.  To begin, you have the corrupt family Biden.  They've been scamming us and our system well for almost fifty years.  The man is supposedly worth over 250 million dollars.  How is this possible on his salary?  It's not.  So where did his wealth come from?  Not from being a brilliant businessman. DAVID PRENTICE

Watters: The Five (CRIME) Families of the Democrat Party

https://www.youtube.com/watch?v=BBpvvHethg0 

HOW MANY ARE LAWYERS???

Schweizer: ‘It’s Going to Be Business as Usual’ for Hunter’s Dealings

https://www.breitbart.com/clips/2021/01/20/schweizer-its-going-to-be-business-as-usual-for-hunters-dealings/


Joe Biden, the corrupt, unaccomplished 47-year career politician, with a reputation of having been a proud segregationist, an unabashed plagiarist and liar, a resolute tale-teller, and a serial flip-flopper, is pretending to head up a radical social-democratic ticket for President of the United States that includes as his running mate the ambitious, disagreeable junior senator from California: Kamala Harris. 



Matt Gaetz: Ignoring Pain of Legal Migration Is a ‘Boomer Approach’

Jack Knudsen / Breitbart News
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The federal government’s refusal to recognize the costs of legal migration is a “boomer approach” to immigration policy, said Rep. Matt Gaetz (R-FL).

The immigration problem “is not just the illegal immigration,” Gaetz told Breitbart News:

It’s the legal immigration where you now have a system where we tell these young people go get your STEM [Science, Technology, Engineering and Math] degree, go learn how to code [software], and then they do that — they accrue massive amounts of college debt — and then we bring in somebody from India who is able to do the job for $50,000 or $60,000 bucks a year on some work visa.

Big tech scoops all those up and it deprives a lot of Americans of jobs.

So we have to think about immigration, not just at the broken border. I think that’s almost like a very Boomer approach to the broader immigration challenge we have that informs on both legal and illegal immigration.

Gaetz’s comments are interesting because they might show some GOP leaders — even former President Donald Trump — are willing to challenge the legal migration policies that have allowed coastal investors to import their own foreign workforces.

Some GOP leaders, notably Rep. Jim Banks (R-IN), have already drafted proposals to level the free market for labor in the United States.

The post-1990 visa worker policies have tilted the national economy in favor of California and New York — and it has also tilted the labor market against American college graduates

The visa worker rules have shut many Americans out of good Fortune 500 careers because they have allowed CEOs to keep a huge foreign labor force in many vital jobs. These foreign workers — perhaps 1.5 million workers — now hold many important jobs, such as search-engine designers at Google, content screeners at Twitter, news editors at Facebook, engineering jobs at Intel, and research jobs at Qualcomm.

Those no-rights foreign visa workers are preferred by CEOs because they are cheaper, compliant, and cannot quit to create innovative companies.

These visa workers are imported via the H-1B, OPT, TN, J-1, H4EAD, O-1, and E-2 visa programs. Many additional foreigners illegally work in the hidden pyramids of Fortune 500 subcontractors after illegally overstaying their visas, forging documents, and arriving on B-1/B-2 non-work visas.

The federal government makes very little effort to reduce fraud and often encourages foreigners to take these vital jobs.

Congress’s decision to let the coastal investors have their own labor pipeline also ensured that the high-tech economy was built in California, Washington state, and a few other locations. Investors now face little pressure to hire heartland Americans — or to create satellite offices in Ohio, Indiana, Wisconsin, Arizona, Pennsylvania, Maine, etc — because they can hire their new workers by sending a bus down to LAX airport.

During his term in office, Trump was slow to reform the white-collar migration policies, such as the H-1B visa program.

His deputies did launch useful reforms in his last year — but those reforms were not anchored by law or regulation, and were quickly washed away by President Joe Biden’s pro-migration deputies.

That failure to reform the white collar programs likely cost Trump much support among white collar, suburban voters. In turn, that loss helped tip the election against him in Pennsylvania, Wisconsin, Georgia, and Arizona.

This year, heartland Republican Senators — chiefly, Sen. Todd Young, (R-IN) —blocked an investor-backed Democratic plan to dramatically expand the replacement of American graduates by foreign graduates.

Extraction Migration

Since at least 1990, the D.C. establishment has extracted tens of millions of legal and illegal migrants —plus temporary visa workers — from poor countries to serve as workers, managers, consumers, and renters for various U.S. investors and CEOs.

This federal economic policy of Extraction Migration has skewed the free market in the United States by inflating the labor supply for the benefit of employers.

The inflationary policy makes it difficult for ordinary Americans to get married,  advance in their careersraise families, or buy homes.

Extraction migration has also slowed innovation and shrunk Americans’ productivity, partly because it allows employers to boost stock prices by using cheap stoop labor instead of productivity-boosting technology.

Migration undermines employees’ workplace rights, and it widens the regional wealth gaps between the Democrats’ big coastal states and the Republicans’ heartland and southern states. The flood of cheap labor tilts the economy towards low-productivity jobs and has shoved at least ten million American men out of the labor force.

An economy built on extraction migration also drains Americans’ political clout over elites, alienates young people, and radicalizes Americans’ democratic civic culture because it allows wealthy elites to ignore despairing Americans at the bottom of society.

The economic policy is backed by progressives who wish to transform the U.S. from a society governed by European-origin civic culture into a progressive-directed empire of competitive, resentful identity groups. “We’re trying to become the first multiracial, multi-ethnic superpower in the world,” Rep. Rohit Khanna (D-CA) told the New York Times in March 2022. “It will be an extraordinary achievement … we will ultimately triumph,” he boasted.

 The progressives’ colonialism-like economic strategy kills many migrants. It exploits poor foreigners and splits foreign families as it extracts human resources from poor home countries to serve wealthy U.S. investors. This migration policy also minimizes shareholder pressure on U.S. companies to build up beneficial and complementary trade with people in poor countries.

Business-backed migration advocates hide this extraction migration economic policy behind a wide variety of noble-sounding explanations and theatrical border security programs. For example, progressives claim that the U.S. is a “Nation of Immigrants,” that migration is good for migrants, and that the state must renew itself by replacing populations.

The polls show the public wants to welcome some immigration — but they also show deep and broad public opposition to labor migration and the inflow of temporary contract workers into jobs sought by young U.S. graduates.

The opposition is growinganti-establishmentmultiracialcross-sexnon-racistclass-basedbipartisanrationalpersistent, and recognizes the solidarity that American citizens owe to one another.


The Biden administration is leading the campaign to deny economic reality just as it is on COVID. At a press conference after the GDP figures were announced, Yellen said economists and most Americans had a definition of recession that included job losses and mass layoffs, private sector activity slowing considerably and “family budgets under immense strain,” and that is “not what we’re seeing right now.”


A New Bill Takes On 'Zuckerbucks' and ‘Bidenbucks’

The plan to save the 2024 election is underway.

30 comments

Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism.

There were many things wrong with the 2020 election, but one of the biggest was the massive amounts of 'Zuckerbucks' used to influence the structure of elections at the local level.

Facebook CEO Mark Zuckerberg and his wife Priscilla Chan injected $350 million into over 2,500 election departments through the Chan Zuckerberg Initiative along with another $69.5 million to secretaries of state, disproportionately benefiting Democrat electorates.

As David Horowitz and John Perazzo wrote in their expose of the ugly influence operation, the grant money had to be used to "suspend existing election laws in order to promote universal mail-in voting", "eliminate or weaken signature-matching requirements and ballot-receipt deadlines for mail-in votes", "enable the proliferation of unmonitored ballot drop boxes" and "create unprecedented opportunities for illegal ballot harvesting" among other measures.

The Facebook CEO claims that he's opting out of the 2022 election, but the Center for Technology and Civic Life (CTCL), which handled much of the funding last time around, is renaming the plan to the Alliance for Election Excellence and has proposed $80 million in spending. It goes back to the New Venture Fund, which has longstanding ties to Bill Gates, is managed by the Arabella Advisors dark money machine, and is being advised by an organization backed by French-Persian leftist billionaire Pierre Omidyar.

Zuckerbucks are highly controversial and one poll found that 82% oppose private election funding while only 6% support it.

Even among Democrats, 80% are opposed and only 4% support it.

Now, Rep. Ted Budd has announced the ‘Promoting Free and Fair Elections Act’ to counter the Zuckerbucks phenomenon at the federal level.  While 24 states have tried to crack down on Zuckerbucks and a number of others have legislation or lawsuits aimed at dealing with the menace of private election funding, the Biden administration has unleashed its own attack.

The ‘Promoting Free and Fair Elections Act’, co-sponsored by, among others, Rep. Claudia Tenney, Rep. Ronny Jackson and Rep. Scott Fitzgerald, seeks to stop the corrupt arrangements between federal agencies and left-wing groups to interfere in elections that some have dubbed 'Bidenbucks'.

Last year, Biden's executive order ‘Promoting Access to Voting’ illegally turned the entire federal government into a voter mobilization machine. The executive order corruptedly incorporated elements of H.R.1 or For the People act, which was intended to federalize elections and passed the House, but failed to pass the Senate.

The order commanded all federal agencies to solicit and facilitate "approved, nonpartisan third-party organizations" to "provide voter registration services on agency premises". The entire federal government would effectively become one big Zuckerbucks operation funded by taxpayers for the benefit of Democrats and the Left, and answering to Susan Rice.

As the White House admitted, "the Executive Order called for each agency to submit to Domestic Policy Advisor Susan Rice a strategic plan outlining the ways that the agency can promote nonpartisan voter registration and voter participation."

Even the initial scope of it has been staggering with the Department of Agriculture pipelining election materials through "its borrowers and guaranteed lenders" while the Department of Education will use high schools and even elementary schools to reach "67 million students — and their families" and "remind educational institutions of their existing obligation and encourage institutions to identify further opportunities to assist eligible students with voter registration".

Or, as Rep. Budd noted, “Biden’s executive order empowering every federal agency to engage in electioneering on the taxpayers’ dime raises serious ethical and legal concerns. This sweeping directive is inherently partisan and directed primarily at groups expected to vote for one party over another.”

That's why the ‘Promoting Free and Fair Elections Act’ prohibits "agencies of the government from soliciting or entering into agreements with nongovernmental organizations to conduct voter registration or voter mobilization activities on the property or website of the agency".

If it passes, federal agencies would be banned from using taxpayer money for third-party voter registration efforts.

"Biden has no business turning federal agencies into partisan voting operations for Democrats. It’s unconstitutional and would further undermine confidence in the integrity of our elections," Rep. Tenney declared.

The bill also mandates that 30 days after it passes, agencies must submit "a copy of the strategic plan for promoting voter registration and voter participation" created for Biden's executive order. Those plans, reportedly hundreds of them, often remained secret in defiance of transparency and good government laws, and have only been partly extracted through multiple lawsuits. The level of secrecy here has made it abundantly clear that these election measures are a partisan election plot that the Biden administration is hiding from its political opponents.

The plot to steal the 2020 election caught many by surprise even though those plans were out in the open. Both sides have taken away their particular lessons from that election and are being more careful. Bidenbucks seeks to replace Zuckerbucks with an even more daring scheme that would federalize elections by making federal agencies and their contractors into hubs for Democrat voter operations. While Zuckerbucks captured local election systems from the bottom up, Bidenbucks seeks to control local elections from the top down. And that’s a bigger threat.

Nations, no matter what their principles may be, are only as free as the nature of their elections.

With inflation rising sky-high and the cloud of a recession overhead, a singularly unpopular administration opposed by much of the country has no hope of legitimately winning an election.

Biden’s only hope is to use the disproportionate powers of his office to rig the 2024 election.

The rigging of the 2020 election did not begin that year. It began in 2017. The road to stealing an election is a long and treacherous one. And the rigging of the next election is well underway.

So is the plan to save the 2024 election. And to save America.

BigTech.Gov.Con

The government deploys tech companies to violate Americans’ right to free speech.

18 comments

As private entities, social media platforms claim the right to cancel views they don’t like, but as Adam Mill wonders at American Greatness, “what if the social media platform defers censorship decisions to the government itself?” And can the government “circumvent free-speech protections by using a cut-out to censor citizen speech critical of its policies or preferred political candidates?” Embattled Americans may soon get an answer.

Case No. 3:22-CV-0123, State of Missouri et al versus Joseph R. Biden Jr. et al will reach the attention of federal judge  Terry A. Doughty in the Western District of Louisiana.

The government defendants consist of Joseph R. Biden, Jr., Jennifer Rene Psaki, Vivek H. Murthy; Xavier Becerra, Department of Health and Human Services;  Anthony Fauci, National Institute of Allergy and Infectious Diseases, Centers for Disease Control and Prevention Alejandro Mayorkas, Department of Homeland Security; Jen Easterly, Cybersecurity and Infrastructure Security Agency, and Nina Jankowicz. The would-be chanteuse was the first choice to head the government’s vaunted “Disinformation Governance Board” (DGB).

This was an “internal working group” at the Department of Homeland Security, which proclaims itself “deeply committed to doing all of its work in a way that protects Americans’ freedom of speech, civil rights, civil liberties, and privacy.” The DGB was established “with the explicit goal of ensuring these protections are appropriately incorporated across DHS’s disinformation-related work, and that rigorous safeguards are in place.” Those canceled by social media might wonder about that.

The complaint alleges that government defendants, “have colluded with and/or coerced social media companies to suppress disfavored speakers, viewpoints, and content on social media platforms by labeling the content ‘disinformation,’ ‘misinformation,’ and ‘malinformation.’” The defendants have a “Disinformation Governance Board” (“DGB”) within the Department of Homeland Security, “which is intended to be used and will be used to induce, label, and pressure the censorship of disfavored content, viewpoints, and speakers on social-media platforms.”

Examples of censored speech include the Hunter Biden laptop story before the 2020 election, the lab-leak theory of COVID-19, the efficacy of masks and lockdowns and “speech about election integrity and the security of voting by mail.” The plaintiffs, for their part, “allege that free speech is the bedrock of American liberty, and Government Defendants are in violation of the First Amendment to the U.S. Constitution in attempting to suppress free speech by labeling the speech as ‘misinformation.’”

The plaintiffs seek to prohibit government defendants from “taking steps to demand, urge, encourage, pressure, or otherwise induce any social-media company or platform to censor, suppress, remove, de-platform, suspend, shadow-ban, de-boost, restrict access to content, or take any other adverse action against any speaker, content, or viewpoint expressed on social media.” Long before the current case, that sort of activity was already going on. 

On April 10, 2018, Facebook CEO Mark Zuckerberg testified to the Senate.  It was “my mistake,” he said, that the Cambridge Analytica firm had purloined the data of 87 million Facebook users. Zuckerberg said he was sorry and was taking steps to prevent it from happening again. It emerged in testimony that in 2012, composite character president Obama had strip-mined data on a massive scale with full cooperation from Facebook, which was also colluding with government in a different way.

Zuckerberg told the senators Facebook was cooperating Robert Mueller’s investigation into Donald Trump’s alleged collusion with Russia. The former FBI boss had interviewed some Facebook employees, but Zuckerberg would not identify them or reveal what they said. 

“I want to be careful here because our work with the special counsel is confidential,” Zuckerberg explained, “and I want to make sure that in an open session I’m not revealing something that is confidential.” This is the same CEO who either approved, facilitated, or looked the other way at massive transfers of private data to non-government actors.

Zuckerberg also told senators that Facebook would “proactively” cooperate with law enforcement only in the case of an “imminent threat of harm,” or when law enforcement presented a “valid legal request” for data. The Facebook boss did not explain how that squared with Mueller’s investigation or the composite character’s data dredging.

Some senators complained about issue ads, and Zuckerberg said he was hiring as many as 20,000 new people to vet this material. Senator Cory Booker wanted “civil rights organizations” to be involved, which the Facebook CEO called a “good idea,” agreeing with Booker that the entire tech industry “lacks diversity.”

When asked by Sen. Ted Cruz if Facebook was a “neutral forum,” the CEO seemed puzzled. Asked by Sen. Cory Gardner if the government had ever demanded that Facebook remove a page from the site, Zuckerberg said “yes, I believe so.” The Facebook CEO did not indicate the content of the page, which government official had demanded its removal, when the removal had taken place, or if the material had ever been restored.

Zuckerberg touted new measures to guard user privacy, but he did let slip that Facebook had been hacked. Details were sketchy, but as the CEO explained, “security is never a solved problem.” Observers could be forgiven for believing that their Facebook data is never secure and that the billionaire boss is most careful to guard confidentiality when he is collaborating with politicians and government investigators.

The charge that candidate and President Donald Trump colluded with Russia has been exposed as a hoax. Mark Zuckerberg has not gone public with regrets for proactively collaborating with the investigators, a squad of partisan Democrats. As the Facebook boss confirms, government outsourcing of censorship is not a new development.

It’s all part of the composite character’s fundamental transformation of America from a nation that protects free-speech rights to a regime that hires tech companies to quash those rights. In similar style, a nation where nobody is above the law is being transformed into a place where the president and his cronies consider themselves above the law.

Missouri versus Biden lands in the courtroom of judge Terry Doughty, a 2017 nominee of President Donald Trump. As he likes to say, we’ll have to see what happens.

VIDEOS

PROTECTING THE CRIMINALS ON WALL STREET

The Untouchables (BANKSTERS)  (full documentary) | FRONTLINE



15 Signs That America Is In Much Worse Trouble Than We All Thought

https://mexicanoccupation.blogspot.com/2022/06/millions-of-americans-face-eviction-as.html

 

The Fed's Urgent WARNING: Prepare for Economic Collapse



The Biden administration is leading the campaign to deny economic reality just as it is on COVID. At a press conference after the GDP figures were announced, Yellen said economists and most Americans had a definition of recession that included job losses and mass layoffs, private sector activity slowing considerably and “family budgets under immense strain,” and that is “not what we’re seeing right now.”


JOE BIDEN’S ‘GREEN AMERICA’ WHICH TRANSLATES TO MASSIVE PROFITS FOR BIG OIL. IT’S BIDENOMICS UP CLOSE!

https://mexicanoccupation.blogspot.com/2022/06/corporatist-joe-biden-and-bid-oil.html

The top 25 oil corporations made a combined $205 billion in profits in 2021. Since the beginning of 2022, the five largest oil companies—Shell, ExxonMobil, BP, Chevron and ConocoPhillips—have enjoyed a 300 percent increase in profits over the first quarter of 2021. ConocoPhillips, for example, earned profits of $4.3 billion between January and March, an increase of 375 percent over the previous year.

Fed policies are always couched in various forms of jargon that cover up the real agenda through a series of mystifications aimed at making it appear the central bank somehow stands above class interests, regulating economic life in the interests of the population.

OPEN BORDERS.... IT'S ALL ABOUT KEEPING EAGES DEPRESSED!

This assault is being waged through the mechanism of higher interest rates, which are being lifted at the fastest rate in decades under the banner of the fight against inflation. But interest hikes will not bring down gas prices or untangle supply chains. The objective is to bring about an economic contraction so that pay demands are suppressed.

The class dynamics of the Fed’s recession program

On Thursday, the Commerce Department reported that the US economy shrank for the second quarter in a row, bringing it into a “technical recession.”

The economic contraction is being accompanied by a series of layoffs that threatens to become a torrent as the economy slows further. This month, more than 30,000 layoffs occurred in the technology sector alone. Last week, Ford announced 8,000 layoffs, heralding a further bloodbath in the auto industry.

Amid the swirl of economic data, it is always necessary to understand that these numbers are the abstract expression of underlying social and class forces, that “the economy” is not some kind of machine but is based on definite social relations and operates through them. This is particularly necessary when considering the latest economic data.

A debate has now broken out in the media and financial commentary circles as to whether this “technical recession”—defined as two consecutive quarters of economic contraction—is a real one or not.

The key issue here is not one of definitions but what are the essential class interests at work, particularly with regard to the policies of the U.S. Federal Reserve, the key financial institution of the capitalist state.

Fed policies are always couched in various forms of jargon that cover up the real agenda through a series of mystifications aimed at making it appear the central bank somehow stands above class interests, regulating economic life in the interests of the population.

Amid the flurry of words, the essence of the present situation is this: The central bank, the guardian of the interests of the corporations and finance capital, has set out to engineer a marked slowdown and, if necessary, a major economic contraction. The aim is to suppress the wage demands of the working class under conditions where inflation has risen to the highest level in four decades.

This assault is being waged through the mechanism of higher interest rates, which are being lifted at the fastest rate in decades under the banner of the fight against inflation. But interest hikes will not bring down gas prices or untangle supply chains. The objective is to bring about an economic contraction so that pay demands are suppressed.

The present policy agenda reprises that of Fed Chair Paul Volcker in the 1980s when interest rates were lifted to record heights inducing the deepest recession to that point since the Great Depression. Today’s Fed Chair Jerome Powell has expressed his admiration for Volcker on numerous occasions, making clear he is more than prepared to follow the same path.

Former US Treasury Secretary Lawrence Summers has insisted that containing inflation means inducing higher jobless levels for five years or a 10 percent unemployment rate for at least a year.

As with every other economic issue and statistic, inflation is embedded in the class structure of society, a historical examination of which reveals the origins of the present US and global spiral.

OBAMA-BIDENOMICS AT WORK!

The global financial crisis of 2008, set off by the more than two decades of increasing financial speculation preceding it, led to the largest corporate and financial bailout in history. The government handed out hundreds of billions of dollars in rescue packages, and the Fed began the policy of “quantitative easing”—injecting money into the financial system so that the speculation on Wall Street that had precipitated the crisis could continue.

And continue it did. After reaching a nadir in March 2009, the stock market went on a spectacular bull run. But it was based on a continuous supply of cheap money by the Fed.

In March 2020, as the COVID-19 pandemic struck, Wall Street and financial markets went into a meltdown fearing that the imposition of necessary public health safety measures would impinge on the flow of profits extracted from the working class, and the stock market bubble would collapse.

Two key policies resulted.  Under the banner of the “cure cannot be worse than the disease,” the necessary policy of COVID-19 elimination was rejected in the US and by governments around the world. At the same time trillions more dollars were pumped into the financial system. In the US the Fed, doubled its holdings of financial assets from $4 trillion to $8 trillion, virtually overnight, at one point spending a million dollars a second.

Herein are the origins of the global inflationary spiral. The refusal to undertake a global policy of COVID-19 elimination because of its potential impact on the stock markets had major consequences in the real economy, as the spread of COVID-19 led to a supply chain crisis.

The monetary system was expanded by the central banks, leading to still further asset speculation in 2020 and 2021. Another factor is the endless increases in military spending as billions are funneled into the proxy war against Russia in Ukraine.

In their drive to increase interest rates, Fed Chair Jerome Powell, along with other central bankers, continually refer to what they call the “tight labour” market in which demand must be brought into balance with supply.

Under conditions where the deaths inflicted by COVID-19, ongoing infections and the growing impact of Long COVID have led to the withdrawal of millions from the workforce, the only way to lift the increase of the supply of labour above demand is through the imposition of unemployment.

And that process is already underway as a result of the interest rate hikes initiated by the Fed so far. The auto industry has indicated new hirings are at a standstill, and layoffs are set to follow. In the interest-rate sensitive sectors of high-tech, layoffs have already started with more to come.

In the face of the daily cuts in their standard of living resulting from the highest inflation in more than four decades, workers are compelled to undertake a struggle for necessary wage increases. But as they are driven into this fight, it necessary to understand what is at stake in order to better conduct the battle at hand.

Workers are not just in a conflict with individual employers but are engaged in a political struggle in which the union bureaucracy functions as the chief enforcer of the demands of the capitalist state and its agencies.

Moreover, the fight for wage increases, necessary as that is, is a struggle against the effects of much deeper going problems. A review of the economic history of the past period shows that every measure taken by the ruling class to deal with an economic crisis led inevitably to its eruption in a new and more malignant form.

Thus the “solution” to the financial crisis of 2008 set up the conditions where in 2020 rational scientific measures to deal with COVID-19 were rejected lest their implementation would lead to a financial market collapse. But the “let it rip policy” that ensued has now led to an inflationary spiral which the leading agencies of finance capital are determined “resolve” by making the working class pay, if necessary through mass unemployment.

This signifies that starting with the fight against the effects of the ongoing economic breakdown, the working class must develop a strategy which comes to grips with the underlying cause of the crisis, and that means the struggle for an independent socialist perspective directed at ending the profit system and replacing it with socialism, a higher form of social and economic organisation.