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Ukraine War Is Teaching The World That Money Isn’t Real, Commodities Are

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Written by Jamarl Thomas

This channel is an honest analysis of the news with a progressive view point without allegiance to anything other than the truth. At least in as far as I can determine based on the evidence present. I won't always be right, but I will always be honest about it.You can support my work by liking, sharing, and commenting on my videos, in addition to joining my Patreon account.I want to thank everyone for their support. It's immensely appreciated, completely humbling, and to some degree totally unanticipated. I just wanted to change the narrative of the prevailing paradigm. This channel allows me to do such. Thank you for the opportunity.

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  1. Jesuit order fascism has taught the world that competition is fake.. and the need to cooperate with everything we've got is real.. we know enough to know we need military tribunals for absolute fascists and sentencing to prison or exile to end the abuse and escalating sacrificial ritual

  2. I consider myself to be a progressive, but I have to say that the left's understanding and discussion of global economics (and in turn how that affects global politics) has been lacking, so it's great to hear this type of conversation on your channel! Money has historically been the the most liquid, desirable commodity, which was gold. When the US got off the gold standard in 1971, effectively taking the rest of the world of the gold standard as well, it had to link it with another desirable commodity, oil, or else countries weren't going to want the dollar anymore. That lead to the US getting in bed with Saudi Arabia, exchanging their commitment to sell their oil only in the US dollar for our weapons and protection. It meant that whatever Saudi Arabia does we will more or less turn a blind eye and that any country that threatened to sell its oil for a currency other the US dollar (Iraq, Russia, Libya, Venezuela) would be our enemy. And now Saudi Arabia is selling its oil for other currencies anyway. Also, on the point that the co-host made, to maintain demand for the dollar the US has to outsource manufacturing to other countries. In exchange it gets to print money to get those goods for dirt cheap while manufacturing countries have to work for the dollar. After 50 years we have a situation where the US has to be the world's military power while at the same time gutting its manufacturing industry and its middle class.

  3. i agree – its absolutely ridiculous our energy production system isn't nationalized. we allow these jackals to wage wars for these resources – socializing the risk to all of us, while they privatize the profits. plus the constant boom/bust investment cycles, and the fuckery from the bottleneck oil refiners.

  4. Outsourcing is exactly what Marx predicted in his 3 volumes of "Capital." The rate of profit, in industrial production, has declined SO much that Capital can no longer make the exorbitant profits which it desires in developed Western countries. So, it has to export capital to other parts of the world where it can extract the resources and utilize the labor, which is not as expensive in other countries. The cost of labor, in the West, is so high because the cost of living is so high … due to privatization and the constant demand for rent, by other Capitalists. (Think about how much of our income goes to pay for housing rent, internet access, various forms of insurance, our cable bill, our monthly phone bill, and on and on.) As a result, Western Capital has taken its money out of industrial production and invested the vast majority of it in speculation, derivative schemes, and other forms of fraud and paper shuffling. America produces little, besides armaments and debt.

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